Welcome to the Dinar Guru Archives...
3-20-2017 Intel Guru RayRen98 Iraqi TV is reporting awaiting the release of the new budget which will encompass and supersede all previous budgets (no indication of a time frame yet).
3-20-2017 Newshound Guru Kaperoni Article: "Iraqi economy to a new stage of work" Quote: "Liquidity shortage suffered by the banking sector is in dire need of real moves to activate the capital cycle through the creation of a new deposit policy based on mutual trust between the customer and private banks." This also tells us the urgency to activate the banking system.
3-20-2017 Newshound Guru mike Article: "Iraq declares bankruptcy over the next 10 years" This guy gets it: "the government continues this policy without the presence of viable solutions that could help expand the resources of the state , it will announce the bankruptcy over the next ten years and will pay the price for generations to come flopping happening in the economic policy of the country." It's been two years since the price of oil dropped and Iraq hasn't done much of anything to try and find/create alternate sources of income for the country. The legislation should have been passed a year ago that would enable Iraq to create an open market economy, there is no time to waste, the reserves are eroding every month they delay.
3-20-2017 Intel Guru RayRen98 Let’s just run over the updates: There is an Iraqi flag flying again over Mosul. Sadr is being asked to do a celebration on Friday for all that has taken place rather than a protest over economic reforms still not being fulfilled. Abadi is supposed to be revealing some information on economic reforms either while he is in the US or at the summit. He is supposed to be announcing full liberation and/or elimination of Da’esh. We are still looking for this every day, by the end of the month, which is also the end of the quarter. It needs to be done by then otherwise there will be problems with retroactive payments going back to January.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" There has also been a few articles that clearly state that Iraq will begin to pay back loans starting next year, not to mention the recent article that said there will be no further loans for budget shortfalls. You add it all up, funds for contractors, no future loans, etc...they expect big changes yet this year from Iraq.
3-20-20217 Intel Guru ADMINBILL ALERT LEVEL HAS BEEN UPGRADED TO RED (high) FOR THE WEEK OF MARCH 19TH
3-20-2017 Intel/Newshound Guru Mnt Goat Article quote: "...identified its goals to achieve financial stability and the development of banking technically and structurally and organizationally in order to reach financial inclusion where it was in 2016 in the preparation and development of appropriate financial and technical basis of the reality of the Iraqi economy and banking mechanisms." ...this plan had to be stalled before coming to full implementation at the end of 2016 due to getting the regions liberated from ISIS by the end of that year. So one would think then they must come up with a new target and announce it soon to us. The point that they have not yet done this already and we are quickly moving our of EARLY 2017, so this shows us they are still hoping for AS SOON AS POSSIBLE situation. They just told us last week we are looking at an EARLY April timeframe for liberation from ISIS.
3-20-2017 Newshound Guru revbo Article: "Trump welcoming Iraqi PM Abadi to White House" Quote: "President Trump will host Iraqi Prime Minister Haider al-Abadi at the White House on Monday." At 3 p.m...Eastern Time...Trump will meet with Abadi.
3-20-2017 Intel Guru Frank26 [Bluestar: I was blessed with a phone call from a contact and as a result, I will be at a forum with PM Abadi tomorrow at 5 PM eastern in Washington , DC. I will do my best to ask a 4 part question tomorrow. There is no guarantee that I will be allowed to ask my question, but I will try.] BTW...If i could ask A a question it would not be when is Iraq going to RV the currency. Instead ...It would be..."Mr Abadi Sir...Do YOU want an RV for Your country's currency in this year of 2017?"
3-20-2017 Newshound Guru Revbo Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." [...why is this huge...?] To me, it's huge because the world is throwing cash at Iraq, and that's a great sign. Means the world thinks Iraq is about to turn the corner. With $9 billion of the $18 billion released two weeks ago going to pay off Kuwait, they should be out of the final Ch. 7 sanctions shortly, and now, the contractors can get back to work. That this is all happening right at the same time CBI has stopped published the market rate for the dinar, I think, it also no coincidence.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
3-19-2017 Newshound/Intel Guru tman23 This week in Washington is the NATIONAL COALITION MEETING...THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER...68! ...THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS...
3-19-2017 Newshound Guru Kaperoni Article: "Sabri: Iraq's economy will rise over the next five years" ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect...
3-19-2017 Newshound Guru mike Iraq's not getting a pass on any of the IMF Article VIII requirements, why would they? Jumping off the peg doesn't serve the people of Iraq, it serves the GOI by lowering internal, dinar associated expenses. All we have to do now is hope that Parliament rolls up its sleeves and creates the environment necessary for an open market economy to thrive.
3-19-2017 Newshound Guru revbo Well, it's Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI's spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.
3-19-2017 Intel/Newshound Guru tman23 ...ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS... OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED...TICK-TOCK...TICK TOCK.
3-19-2017 Newshound Guru mike [what value does the dinar have to get to to be in the 2% range?] anything 1205 and under is compliant with the IMF's 2% MCP requirement. [reference Kaperoni post below, 3-19-2017]
3-19-2017 Newshound Guru Kaperoni The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements... That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don't see anyway around that. That being said, they could get off the peg without approval from the IMF.
3-19-2017 Newshound Guru firefly Anybody that's been in this investment for any period of time should know that a lot of negative news will pop it's ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated "AFTER MUCH MEDIA PROPAGANDA" This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. ...the true rate will show on the CBI 1st. [You can see the official CBI rate and CBI reported market rate on the left side of this page]
3-19-2017 Intel Guru Frank26 Article: "Iraq begins new consultations with the IMF and the World Bank late next April" ...even AFTER the RV the CBI will continue to meet with the IMF every three months... IMO...Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy...
3-18-2017 Newshound Guru firefly Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
3-18-2017 Newshound Guru Kaperoni Article: "Expert: Iraq is heading for a social market economy within the plan that will last until 2030" More importantly, currency reform must begin before they will ever have a market economy.
3-18-2017 Newshound Guru revbo Article: "Head of Prime Minister Haider al-Abadi on the head of a high official delegation, on Saturday, to Washington at the invitation of President of the United States, Donald Trump." So, he's going to be here for three whole days before his actual meeting with President Trump, and right in the middle of the fight of his life. Whatever he's talking about over here must be pretty darn important to pull him away from that, and he must think the Mosul op is close to wrapping up.
3-18-2017 Intel Guru Frank26 Article: "Abadi, head to head an official delegation to Washington to meet with Trump" IOO (In Our Opinion) ...The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.
3-18-2017 Newshound Guru Mnt Goat Article quote: "...we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh..." So we can see they moved the target to end of March/early April for full liberation of the region. We also know there is the Iranian influence to take care of, they must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy...
3-18-2017 Newshound Guru Kaperoni Article: "Detection 3 "goals" Abadi seeks to achieve" Quote: "...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..." To me, this says they better get to work..and soon... "there are no plans for further lending".
3-18-2017 Newshound Guru Mnt Goat Article quote: "Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company." Folks this is HCL. I said they would be resuming news on the status of the laws very soon. ...Now we see it. This is very good news...the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.
3-17-2017 Newshound/Intel Guru BGG Quote: "...Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision..." exactly what decisions do the IMF executive board have to make coming up? I mean - they only deal with one thing. INTERNATIONAL MONETARY FUND. [...can the CBI make a move before the DC meetings?] the CBI can do whatever they want...if the IMF doesn't give their blessing who are they gonna' sell their currency to? without international acceptance - there is no market. [post 2 of 2]
3-17-2017 Newshound/Intel Guru BGG Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC." This is saying these finalization talks were already started...and will resume - (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” Mohammed Saleh...he's been in these big IMF "shindig" meetings from the 5th to the 17th... he's excited. [post 1 of 2....stay tuned]
3-17-2017 Newshound Guru Revbo "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don't turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
3-17-2017 Newshound Guru Kaperoni "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
3-17-2017 Intel Guru Frank26 Security and stability is HOT...and Abadi is ready to tell Trump how hot it is. I said give us MOSUL...and you’ll see the process of the MR at lightning speed. Without SECURITY ...no...but I believe they’ve got this. IMO...Trump will talk to Abadi...will get a wonderful report on the entire Middle East region...the MCP...their currency...money laundering...corruption...terrorism...this has been dealt with.
3-17-2017 Newshound Guru revbo I don't know if this means anything, but yesterday was the first time I've ever seen no street rate posted on the CBI's auction page.
3-17-2017 Newshound Guru 1bobby It's amazing how far the Banking Industry has come and continues to go... Article: "Insurance Association of Economics News: start with insurance on ATMs for banks" So why would they want to insure an ATM in such an unstable environment? Some have asked "Does this mean the LD's are ready to roll out?" Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote "Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy".
3-17-2017 Intel Guru Bruce We are in a situation now we are so close to the blessing to fruition... we are so close that we don’t want to say anything to jeopardize our position in this. Trust me to believe we are in a really good position right now to stay virtually quiet. There may be some announcement coming in near future we are looking for. The Intel has been light the last couple of days, but things are being done behind the scenes...we are in the right place at the right time.
3-16-2017 Intel Guru Frank26 Today...Jubari from Parliament tells Abadi ...“I want to discuss the IMPLEMENTATION of the 2017 budget”. Iraq has really never had a budget...they’ve had it prepared...but never really opened it...just rolls from year to year. Why? Because they are on a program rate. ...the best thing to do is to implement the budget…because you would implement the new rate. Let’s see what happens with Trump and Abadi.
3-16-2017 Newshound Guru mike Article: "government policy support programs in the face of the bank and the International Monetary Fund" Quote: "Decades of government support in the Arab countries, policies have not succeeded in raising the level of the Arab economy and the citizen." This is Iraq's problem, the GOI keep trying to come up with solutions and they consistently fail. Create the legislation necessary for outside investment, empower and support the private banks and move your currency to Article VIII. Government solutions don't work.
3-16-2017 Newshound/Intel Guru loop Article: "Alheims: the government was forced to borrow because of the external costs of the war effort Banks" Quote: "...he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public." TBI increased it's profits by 300%! It's amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
3-16-2017 Newshound/Intel Guru BGG Here's a weird tidbit - just happened this AM ...they changed the way they list the currency auctions - this AM...no rate - they took out the 1182 part. NADA. MIA.
3-16-2017 Intel Guru Frank26 Donald Trump wants security across the entire region...We know Abadi will see Trump on the 19th...and I said earlier...maybe even like tomorrow [Thursday]. IMO...after they are done talking... (several days possible)...then Abadi will leave and will go to the Arabic Summit Meeting. Do you think that Abadi will tell Trump that Mosul is liberated? Will he tell the whole Middle East that terrorism and Daesh is gone? Did you know that about 3 days ago on Iraqi TV...they told the citizens that they are 100% liberated? Could this be why Abadi is coming to America to meet with Trump? I believe we will see things after Abadi visits with Donald Trump. In my strong opinion...I believe Abadi will need to be in Iraq when the announcement happens to lift the value.
[post 2 of 2]
3-16-2017 Intel Guru Frank26 Abadi said in January 2017...Iraq will be an international nation...lifting the value of their currency...BUT...the Governor of the CBI was told to postpone it...which brings us right to where we are...right now. The private sectors have met with the IMF...the first 4 days of this 2 week meeting...that is unheard of. Starting about now (IMF meetings with the CBI)...they will talk about their exchange rate, and monetary policy. That’s why Saleh came out and said that the financial crisis will be behind them...deficit will be lifted...HOW ARE THEY GOING TO DO THAT? ...about 6 days ago...the finance committee hosted Allaq (CBI Governor)...wanted to know if they could talk about the exchange rate. At the start of 2017...we were told they were going to lift the 3 zeros...but it looks like they were given a VARIANCE ...it appears that we are at the end of that VARIANCE right now. They are more than ready to lift the value...as far as the technology, mechanism...the CBI is ready. Yes...Iraq’s leaders feel they are ready. [post 1 of 2....stay tuned]
3-16-2017 Intel Guru ADMINBILL I HAVE HAD A FEW CALLS WHICH REMAIN POSITIVE AS I DO. I WILL KEEP THE ALERT COLOR THE SAME BECAUSE I REMAIN VERY OPTIMISTIC THAT WE ARE NEARER THAN EVER. AS OF LAST NIGHT, I AM FAIRLY CERTAIN THAT THOSE PUSHING THIS FORWARD ARE JUST AS ANXIOUS AS WE ARE TO PUT THIS BEHIND THEM. [reference ADMINBILL post 3-12-2017]
3-16-2017 Newshound/Intel Guru BGG Article: "(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages." Mosul moving to an end soon. Boom. [Whats your thoughts...that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure - but I'm very excited I'm still in this thing!!
3-15-2017 Newshound Guru Kaperoni Article: "Saleh: Iraq is still within safe levels for loans" Quote: "...Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him" Better get that market economy going and open the banking system if that is the plan.
3-15-2017 Newshound Guru loop Article: "TBI launches new producer certificate of deposit" Quote: "He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts." This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. WHen the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime... IMO.
3-15-2017 Newshound Guru Adam Montana [How can we be hopeful about an RV when A. Parliament does not put the HCL on the agenda and B. they only meet 2 days a week for just a few hours each time. Are your sources taking those things into account when they give you such positive info about the HCL being in the "strike zone"?] How can we be hopeful... oh, boy, oh boy! Iraq has come such an incredible distance in the past decade... don't let the lengthy process discourage you, my friends! Rome was not built in a day, and a journey of a thousand dinars always begins with the first Parliament meeting. We are past many many hurdles right now! My sources and I constantly discuss the current events, and many of us play "devils advocate" in these conversations. We constantly explore many angles, including negative or adverse aspects of it... yet we constantly come away with positive outlooks, and the intensity is only increasing during the current situation.
3-15-2017 Intel Guru RayRen98 [Are you still hearing that this month is it we will be at the banks? Is there any hold up that you are hearing?] I’m not hearing of any holdup. I still expect it this week, and failing that, next week.
3-15-2017 Intel/Newshound Guru Mnt Goat They told us they did have a target of EARLY 2017 to make this next BIG move, but this is not now going to happen since it is being delayed due to the unexpected fierce resistance in the western half of liberating Mosul. So when can we expect it to resume? ...we can only determine that Mosul region must be liberated first. Remember this is not going to be like someone flicking a switch either like one second Abadi makes his announcement and the next second the switch is flicked to RV but I do not think that once the level of desired STABILITY is obtained they are going to wait too long. The GOI finance committee is ready, the CBI is ready and all are just waiting. Once Mosul is cleared the gate will open again. [post 2 of 2]
3-15-2017 Intel/Newshound Guru Mnt Goat It is my personal understanding we are still on the path to see the “project to delete the zeros” resumed very soon. The CBI and the GOI has told us many times already that they are temporarily putting the project on hold until the battle to liberate Mosul region is completed. A resent article from an interview with Dr. Mohammed Saleh, economic advisor to Prime Minister al – Abadi, was very optimistic in resolving Iraqi debt and moving forward with the economic reforms to a “market economy”. I believe that in order to take their place in a market economy (this next step) they must adjust away from their “closed” sanctioned economy that is stifled by the govt. This means they must also have a currency that is tradable and easy to use. Currently with the 3 zero notes they do not have it. So change is apparent in the very near future if they are to succeed in their market economy. [post 1 of 2....stay tuned]
3-15-2017 Newshound Guru Adam Montana [I'm wondering why would they RV while they are still involved with one of their largest cities, as in Mosul being occupied (in part) by ISIS?] Mosul is only partially occupied by ISIS, and in my opinion ISIS has already been whittled down enough to proceed with an RV. In my opinion, we are looking very strong for a positive movement in the near future
3-15-2017 Intel Guru Bruce We are still feeling very good from what is going on. The timing with this is very good and imminent. I don’t use that term very often, but I would say we are imminent based on information that came out to me today. ...all the pieces of this puzzle are starting to come together. We know there is an announcement coming about taking back Mosul. I don’t know for sure if Abadi is going to make it there, but I do know Abadi is planning a trip here. I would say that would put Iraq pretty much done. They have their rate, and...sovereignty. Their rate was published in the Gazette. It won’t be put on the CBI until they want everybody to know about it internationally... ...the 15th is a significant day...It is when the new UN Operational rates are supposed to show. ...you are in a great place. Stay patient.
3-15-2017 Newshound Guru My Ladies Article: "Iraq to get 10 billion pound loan for British contracts" WE JUST SAW THE UK ISSUE LOANS TOTALING 10 BILLION POUNDS TO COMPANIES THAT ARE GOING TO REBUILD IRAQ. IMPORTANT NOTE THEY DID NOT GIVE IRAQ THE MONEY THEY PUT UP THE MONEY FROM PRIVATE INVESTORS FOR THE RESTRUCTURE OF IRAQ. SO YOU SEE THESE ARE UK CONTRACTS AND THIS MONEY WOULD NOT BE AVAILABLE TO FAR IN ADVANCE OF IRAQ COMING TO TRADE. THAT IS TOO MUCH MONEY TO TIE UP FOR ANY LENGTH OF TIME WITH OUT IT WORKING. ...ALL OF THIS MOVEMENT WE ARE SEEING IS BECAUSE THE TIME IS HERE. ...I AM SURE THE DINAR WILL BEGIN TO TRADE IN THE SHORT TIME. IT WILL CROSS BORDERS FREELY AND ACT LIKE ANY OTHER CURRENCY GLOBALLY. DOES THE PRICE HAVE TO CHANGE? NO IT DOES NOT. WHAT CYCLES WILL TRADING BRING IT? WE WILL HAVE TO WATCH... [post 2 of 2]
3-15-2017 Newshound Guru My Ladies I HAVE BEEN TALKING ABOUT MANY COUNTRIES THAT ARE CHANGING THEIR CURRENCY OR ADDING CURRENCY OR RE-DENOMINATING CURRENCY AND IRAQ WILL FOLLOW IN THE SAME WAY ALL THESE OTHER COUNTRIES HAVE BEEN DOING. THE IRAQI DINAR WILL GO THROUGH ALL THE SAME CYCLES OTHER CURRENCY HAS GONE THROUGH ACCORDING TO THE IMF STEPS THEY HAVE LAID OUT... ...IT IS INEVITABLE THAT THE IRAQI DINAR WILL COME TO FOREX ONE DAY AND IT WILL TRADE INTERNATIONALLY. I AM VERY SURE THE DINAR WILL TRADE PROBABLY THIS YEAR AND MAYBE NOT TOO FAR DOWN THE ROAD. THE REASONS I CAN SAY THIS IS BECAUSE WE UNDERSTAND HOW MONEY WORKS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru Revbo "ISIS IS leader killed along with 7 of his aides in western Mosul" ...Baghdadi may very well still be alive. He was said to have been killed near Badoush, which is north of Mosul. Here is confirmation of who was killed, which is consistent with the earlier reports of a high-ranking IS commander and 7 subordinates. The guy's name was Abu Bakr al-Iraqi, not al-Baghdadi. Still a good get, but not the big man himself.
3-14-2017 Intel Guru RayRen98 [Did any...sources ever indicate the CBI was holding off updating the rate on its site since Jan 4, 2017, because the rate had already changed and they did not want it “public” yet?] Yes. [...now that the rate has been updated, what’s their thinking?] Their thinking is that they don’t see why they don’t let it go! [With PM Abadi coming to the USA to speak to president trump on 3/19, is the 3/23 thru 3/25 window still on in your opinion?] I think the release of the RV will happen before then. Iraqis were told that an announcement will be made during the summit, but I don’t think it will be an RV announcement.
3-14-2017 Intel/Newshound Guru Mnt Goat Article: "Parliamentary Investment Committee is hosting the central bank governor to discuss the economic reality in Iraq" Quote: "Hosting come for the purpose of discussing the work of the central bank and the reality of the economy in Iraq." this is exactly what we wanted to hear at this point in time. The CBI is getting a pulse on the SECURITY and ECONOMIC situation of Iraq.
3-14-2017 Intel/Newshound Guru Backdoc IN FACT THE LAST FEW DAYS WE HAVE SEEN ARTICLES...TALKING ABOUT NEW COMPETITION IN THE FINTECH SPACE FOR IRAQ! SO YES...IRAQ AT THE PEOPLE’S LEVEL IS IN ITS’ INFANT FINTECH STAGE. BUT REMEMBER THIS IS THE FINAL STAGE! IT MAY TAKE MONTHS FOR THIS PHASE TO COMPLETE. THIS DIGITAL PROCESS HAS NOTHING TO DO WITH THE DATE OF THE RV (IN OUR OPINION). HOPE THIS HELPS ...WITH BETTER CLARITY! IMO. [post 2 of 2]
3-14-2017 Intel/Newshound Guru Backdoc AS FAR AS THE DIGITAL BLOCKCHAIN GOES, LET ME REVIEW SOME OF THE PROGRESS IRAQ HAS MADE. FIRST, WE KNOW THAT THEY CONNECTED DIGITALLY (BLOCKCHAIN) E-DINAR ON FEBRUARY 8TH! THEN WE SAW THEM BRAGGING JUSTIFIABLY ABOUT THEIR “NEW SYSTEM”... WE...UNDERSTAND THAT THIS IS AT THE COUNTRY AND BANKING LEVEL. THIS IS THE PROGRESSION THAT IS USED AS THEY DO THE DIGITAL BUILD OUT! COUNTRY TO COUNTRY FIRST! THEN BANK TO BANK! THEN WE SEE THE REST OF THE BUILD OUT WHICH IRAQ IS JUST NOW ENTERING (CALLED THE FINTECH STAGE)! DUE TO THE COMPLEXITY AND DETAILS OF THE DIGITAL BUILDOUT IT’S HARD TO TEACH...ALL THE DETAILS OF THIS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru loop Article quote: "today we move from a centralized economy to a market economy" Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al - Abadi! BOOM! ...moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh's quote "today we move from a centralized economy to a market economy" that with Iraq's move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
3-14-2017 Newshound/Intel Guru BGG These days - throw a rock in any direction and you hit a STUNNING NEWS PIECE. "They" have pretty much showed us the outline...and it's being worked out now. Let's hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
3-20-2017 Newshound Guru Kaperoni Article: "Iraqi economy to a new stage of work" Quote: "Liquidity shortage suffered by the banking sector is in dire need of real moves to activate the capital cycle through the creation of a new deposit policy based on mutual trust between the customer and private banks." This also tells us the urgency to activate the banking system.
3-20-2017 Newshound Guru mike Article: "Iraq declares bankruptcy over the next 10 years" This guy gets it: "the government continues this policy without the presence of viable solutions that could help expand the resources of the state , it will announce the bankruptcy over the next ten years and will pay the price for generations to come flopping happening in the economic policy of the country." It's been two years since the price of oil dropped and Iraq hasn't done much of anything to try and find/create alternate sources of income for the country. The legislation should have been passed a year ago that would enable Iraq to create an open market economy, there is no time to waste, the reserves are eroding every month they delay.
3-20-2017 Intel Guru RayRen98 Let’s just run over the updates: There is an Iraqi flag flying again over Mosul. Sadr is being asked to do a celebration on Friday for all that has taken place rather than a protest over economic reforms still not being fulfilled. Abadi is supposed to be revealing some information on economic reforms either while he is in the US or at the summit. He is supposed to be announcing full liberation and/or elimination of Da’esh. We are still looking for this every day, by the end of the month, which is also the end of the quarter. It needs to be done by then otherwise there will be problems with retroactive payments going back to January.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" There has also been a few articles that clearly state that Iraq will begin to pay back loans starting next year, not to mention the recent article that said there will be no further loans for budget shortfalls. You add it all up, funds for contractors, no future loans, etc...they expect big changes yet this year from Iraq.
3-20-20217 Intel Guru ADMINBILL ALERT LEVEL HAS BEEN UPGRADED TO RED (high) FOR THE WEEK OF MARCH 19TH
3-20-2017 Intel/Newshound Guru Mnt Goat Article quote: "...identified its goals to achieve financial stability and the development of banking technically and structurally and organizationally in order to reach financial inclusion where it was in 2016 in the preparation and development of appropriate financial and technical basis of the reality of the Iraqi economy and banking mechanisms." ...this plan had to be stalled before coming to full implementation at the end of 2016 due to getting the regions liberated from ISIS by the end of that year. So one would think then they must come up with a new target and announce it soon to us. The point that they have not yet done this already and we are quickly moving our of EARLY 2017, so this shows us they are still hoping for AS SOON AS POSSIBLE situation. They just told us last week we are looking at an EARLY April timeframe for liberation from ISIS.
3-20-2017 Newshound Guru revbo Article: "Trump welcoming Iraqi PM Abadi to White House" Quote: "President Trump will host Iraqi Prime Minister Haider al-Abadi at the White House on Monday." At 3 p.m...Eastern Time...Trump will meet with Abadi.
3-20-2017 Intel Guru Frank26 [Bluestar: I was blessed with a phone call from a contact and as a result, I will be at a forum with PM Abadi tomorrow at 5 PM eastern in Washington , DC. I will do my best to ask a 4 part question tomorrow. There is no guarantee that I will be allowed to ask my question, but I will try.] BTW...If i could ask A a question it would not be when is Iraq going to RV the currency. Instead ...It would be..."Mr Abadi Sir...Do YOU want an RV for Your country's currency in this year of 2017?"
3-20-2017 Newshound Guru Revbo Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." [...why is this huge...?] To me, it's huge because the world is throwing cash at Iraq, and that's a great sign. Means the world thinks Iraq is about to turn the corner. With $9 billion of the $18 billion released two weeks ago going to pay off Kuwait, they should be out of the final Ch. 7 sanctions shortly, and now, the contractors can get back to work. That this is all happening right at the same time CBI has stopped published the market rate for the dinar, I think, it also no coincidence.
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
3-19-2017 Newshound/Intel Guru tman23 This week in Washington is the NATIONAL COALITION MEETING...THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER...68! ...THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS...
3-19-2017 Newshound Guru Kaperoni Article: "Sabri: Iraq's economy will rise over the next five years" ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect...
3-19-2017 Newshound Guru mike Iraq's not getting a pass on any of the IMF Article VIII requirements, why would they? Jumping off the peg doesn't serve the people of Iraq, it serves the GOI by lowering internal, dinar associated expenses. All we have to do now is hope that Parliament rolls up its sleeves and creates the environment necessary for an open market economy to thrive.
3-19-2017 Newshound Guru revbo Well, it's Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI's spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.
3-19-2017 Intel/Newshound Guru tman23 ...ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS... OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED...TICK-TOCK...TICK TOCK.
3-19-2017 Newshound Guru mike [what value does the dinar have to get to to be in the 2% range?] anything 1205 and under is compliant with the IMF's 2% MCP requirement. [reference Kaperoni post below, 3-19-2017]
3-19-2017 Newshound Guru Kaperoni The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements... That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don't see anyway around that. That being said, they could get off the peg without approval from the IMF.
3-19-2017 Newshound Guru firefly Anybody that's been in this investment for any period of time should know that a lot of negative news will pop it's ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated "AFTER MUCH MEDIA PROPAGANDA" This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. ...the true rate will show on the CBI 1st. [You can see the official CBI rate and CBI reported market rate on the left side of this page]
3-19-2017 Intel Guru Frank26 Article: "Iraq begins new consultations with the IMF and the World Bank late next April" ...even AFTER the RV the CBI will continue to meet with the IMF every three months... IMO...Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy...
3-18-2017 Newshound Guru firefly Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
3-18-2017 Newshound Guru Kaperoni Article: "Expert: Iraq is heading for a social market economy within the plan that will last until 2030" More importantly, currency reform must begin before they will ever have a market economy.
3-18-2017 Newshound Guru revbo Article: "Head of Prime Minister Haider al-Abadi on the head of a high official delegation, on Saturday, to Washington at the invitation of President of the United States, Donald Trump." So, he's going to be here for three whole days before his actual meeting with President Trump, and right in the middle of the fight of his life. Whatever he's talking about over here must be pretty darn important to pull him away from that, and he must think the Mosul op is close to wrapping up.
3-18-2017 Intel Guru Frank26 Article: "Abadi, head to head an official delegation to Washington to meet with Trump" IOO (In Our Opinion) ...The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.
3-18-2017 Newshound Guru Mnt Goat Article quote: "...we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh..." So we can see they moved the target to end of March/early April for full liberation of the region. We also know there is the Iranian influence to take care of, they must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy...
3-18-2017 Newshound Guru Kaperoni Article: "Detection 3 "goals" Abadi seeks to achieve" Quote: "...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..." To me, this says they better get to work..and soon... "there are no plans for further lending".
3-18-2017 Newshound Guru Mnt Goat Article quote: "Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company." Folks this is HCL. I said they would be resuming news on the status of the laws very soon. ...Now we see it. This is very good news...the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.
3-17-2017 Newshound/Intel Guru BGG Quote: "...Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision..." exactly what decisions do the IMF executive board have to make coming up? I mean - they only deal with one thing. INTERNATIONAL MONETARY FUND. [...can the CBI make a move before the DC meetings?] the CBI can do whatever they want...if the IMF doesn't give their blessing who are they gonna' sell their currency to? without international acceptance - there is no market. [post 2 of 2]
3-17-2017 Newshound/Intel Guru BGG Quote: “The Iraqi authorities and IMF staff started discussions on the second review of the SBA. These discussions will continue during the upcoming IMF and World Bank Spring Meetings from April 21–23, 2017 in Washington, DC." This is saying these finalization talks were already started...and will resume - (at the latest) in D.C. Quote: “During the visit, the team met with the Acting Minister of Finance Prof. Abdulrazzaq A. Jaleel Essa, Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministries of finance, oil, planning, the State Oil Marketing Organization, the Central Statistical Office, the Central Bank of Iraq, and representatives from the Kurdistan Regional Government, and the Board of Supreme Audit. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” Mohammed Saleh...he's been in these big IMF "shindig" meetings from the 5th to the 17th... he's excited. [post 1 of 2....stay tuned]
3-17-2017 Newshound Guru Revbo "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." [I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.] If they don't turn it loose shortly after Mosul is liberated, they will be wasting a golden opportunity and a ton of momentum for a growing economy and national reconciliation.
3-17-2017 Newshound Guru Kaperoni "Statement at the End of an IMF Mission on Iraq" Quote: "...repair the banking sector are needed to support private sector-led growth and diversification of the economy once post- ISIS reconstruction is underway." I really believe we will see currency reform begin soon after the country is rid of ISIL since it is so important to the success of a private sector/market economy.
3-17-2017 Intel Guru Frank26 Security and stability is HOT...and Abadi is ready to tell Trump how hot it is. I said give us MOSUL...and you’ll see the process of the MR at lightning speed. Without SECURITY ...no...but I believe they’ve got this. IMO...Trump will talk to Abadi...will get a wonderful report on the entire Middle East region...the MCP...their currency...money laundering...corruption...terrorism...this has been dealt with.
3-17-2017 Newshound Guru revbo I don't know if this means anything, but yesterday was the first time I've ever seen no street rate posted on the CBI's auction page.
3-17-2017 Newshound Guru 1bobby It's amazing how far the Banking Industry has come and continues to go... Article: "Insurance Association of Economics News: start with insurance on ATMs for banks" So why would they want to insure an ATM in such an unstable environment? Some have asked "Does this mean the LD's are ready to roll out?" Not necessarily, but it does indicate they are willing to get them out of the banks and airports and put them into the streets at some point. I loved the quote "Never make such insureance in Iraq, which would provide service to citizens through larger deployment of ATM in the markets and public places and cultural phenomenon which is developed to serve the economy".
3-17-2017 Intel Guru Bruce We are in a situation now we are so close to the blessing to fruition... we are so close that we don’t want to say anything to jeopardize our position in this. Trust me to believe we are in a really good position right now to stay virtually quiet. There may be some announcement coming in near future we are looking for. The Intel has been light the last couple of days, but things are being done behind the scenes...we are in the right place at the right time.
3-16-2017 Intel Guru Frank26 Today...Jubari from Parliament tells Abadi ...“I want to discuss the IMPLEMENTATION of the 2017 budget”. Iraq has really never had a budget...they’ve had it prepared...but never really opened it...just rolls from year to year. Why? Because they are on a program rate. ...the best thing to do is to implement the budget…because you would implement the new rate. Let’s see what happens with Trump and Abadi.
3-16-2017 Newshound Guru mike Article: "government policy support programs in the face of the bank and the International Monetary Fund" Quote: "Decades of government support in the Arab countries, policies have not succeeded in raising the level of the Arab economy and the citizen." This is Iraq's problem, the GOI keep trying to come up with solutions and they consistently fail. Create the legislation necessary for outside investment, empower and support the private banks and move your currency to Article VIII. Government solutions don't work.
3-16-2017 Newshound/Intel Guru loop Article: "Alheims: the government was forced to borrow because of the external costs of the war effort Banks" Quote: "...he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public." TBI increased it's profits by 300%! It's amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
3-16-2017 Newshound/Intel Guru BGG Here's a weird tidbit - just happened this AM ...they changed the way they list the currency auctions - this AM...no rate - they took out the 1182 part. NADA. MIA.
3-16-2017 Intel Guru Frank26 Donald Trump wants security across the entire region...We know Abadi will see Trump on the 19th...and I said earlier...maybe even like tomorrow [Thursday]. IMO...after they are done talking... (several days possible)...then Abadi will leave and will go to the Arabic Summit Meeting. Do you think that Abadi will tell Trump that Mosul is liberated? Will he tell the whole Middle East that terrorism and Daesh is gone? Did you know that about 3 days ago on Iraqi TV...they told the citizens that they are 100% liberated? Could this be why Abadi is coming to America to meet with Trump? I believe we will see things after Abadi visits with Donald Trump. In my strong opinion...I believe Abadi will need to be in Iraq when the announcement happens to lift the value.
[post 2 of 2]
3-16-2017 Intel Guru Frank26 Abadi said in January 2017...Iraq will be an international nation...lifting the value of their currency...BUT...the Governor of the CBI was told to postpone it...which brings us right to where we are...right now. The private sectors have met with the IMF...the first 4 days of this 2 week meeting...that is unheard of. Starting about now (IMF meetings with the CBI)...they will talk about their exchange rate, and monetary policy. That’s why Saleh came out and said that the financial crisis will be behind them...deficit will be lifted...HOW ARE THEY GOING TO DO THAT? ...about 6 days ago...the finance committee hosted Allaq (CBI Governor)...wanted to know if they could talk about the exchange rate. At the start of 2017...we were told they were going to lift the 3 zeros...but it looks like they were given a VARIANCE ...it appears that we are at the end of that VARIANCE right now. They are more than ready to lift the value...as far as the technology, mechanism...the CBI is ready. Yes...Iraq’s leaders feel they are ready. [post 1 of 2....stay tuned]
3-16-2017 Intel Guru ADMINBILL I HAVE HAD A FEW CALLS WHICH REMAIN POSITIVE AS I DO. I WILL KEEP THE ALERT COLOR THE SAME BECAUSE I REMAIN VERY OPTIMISTIC THAT WE ARE NEARER THAN EVER. AS OF LAST NIGHT, I AM FAIRLY CERTAIN THAT THOSE PUSHING THIS FORWARD ARE JUST AS ANXIOUS AS WE ARE TO PUT THIS BEHIND THEM. [reference ADMINBILL post 3-12-2017]
3-16-2017 Newshound/Intel Guru BGG Article: "(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages." Mosul moving to an end soon. Boom. [Whats your thoughts...that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure - but I'm very excited I'm still in this thing!!
3-15-2017 Newshound Guru Kaperoni Article: "Saleh: Iraq is still within safe levels for loans" Quote: "...Iraq is not going to borrow the next budgets but on the contrary will be able to start paying the current loan incurred by him" Better get that market economy going and open the banking system if that is the plan.
3-15-2017 Newshound Guru loop Article: "TBI launches new producer certificate of deposit" Quote: "He added that this certificate has launched with the approval and blessing of the Iraqi Central Bank and is guaranteed payment at the moment of the citizen request to withdraw amounts." This is beyond huge IMO. In the past this is the main complaint that the citizens have had. This is saying that if you deposit your money with us and invest it into these CD you are guaranteed to be able to access your funds when you need to. Getting the citizens to deposit their money into the banks is a critical component of moving to a free market economy. WHen the banks have liquidity they can loan the money needed to fuel the private sector, which will lead to explosive economic growth the likes that we have not seeing in our lifetime... IMO.
3-15-2017 Newshound Guru Adam Montana [How can we be hopeful about an RV when A. Parliament does not put the HCL on the agenda and B. they only meet 2 days a week for just a few hours each time. Are your sources taking those things into account when they give you such positive info about the HCL being in the "strike zone"?] How can we be hopeful... oh, boy, oh boy! Iraq has come such an incredible distance in the past decade... don't let the lengthy process discourage you, my friends! Rome was not built in a day, and a journey of a thousand dinars always begins with the first Parliament meeting. We are past many many hurdles right now! My sources and I constantly discuss the current events, and many of us play "devils advocate" in these conversations. We constantly explore many angles, including negative or adverse aspects of it... yet we constantly come away with positive outlooks, and the intensity is only increasing during the current situation.
3-15-2017 Intel Guru RayRen98 [Are you still hearing that this month is it we will be at the banks? Is there any hold up that you are hearing?] I’m not hearing of any holdup. I still expect it this week, and failing that, next week.
3-15-2017 Intel/Newshound Guru Mnt Goat They told us they did have a target of EARLY 2017 to make this next BIG move, but this is not now going to happen since it is being delayed due to the unexpected fierce resistance in the western half of liberating Mosul. So when can we expect it to resume? ...we can only determine that Mosul region must be liberated first. Remember this is not going to be like someone flicking a switch either like one second Abadi makes his announcement and the next second the switch is flicked to RV but I do not think that once the level of desired STABILITY is obtained they are going to wait too long. The GOI finance committee is ready, the CBI is ready and all are just waiting. Once Mosul is cleared the gate will open again. [post 2 of 2]
3-15-2017 Intel/Newshound Guru Mnt Goat It is my personal understanding we are still on the path to see the “project to delete the zeros” resumed very soon. The CBI and the GOI has told us many times already that they are temporarily putting the project on hold until the battle to liberate Mosul region is completed. A resent article from an interview with Dr. Mohammed Saleh, economic advisor to Prime Minister al – Abadi, was very optimistic in resolving Iraqi debt and moving forward with the economic reforms to a “market economy”. I believe that in order to take their place in a market economy (this next step) they must adjust away from their “closed” sanctioned economy that is stifled by the govt. This means they must also have a currency that is tradable and easy to use. Currently with the 3 zero notes they do not have it. So change is apparent in the very near future if they are to succeed in their market economy. [post 1 of 2....stay tuned]
3-15-2017 Newshound Guru Adam Montana [I'm wondering why would they RV while they are still involved with one of their largest cities, as in Mosul being occupied (in part) by ISIS?] Mosul is only partially occupied by ISIS, and in my opinion ISIS has already been whittled down enough to proceed with an RV. In my opinion, we are looking very strong for a positive movement in the near future
3-15-2017 Intel Guru Bruce We are still feeling very good from what is going on. The timing with this is very good and imminent. I don’t use that term very often, but I would say we are imminent based on information that came out to me today. ...all the pieces of this puzzle are starting to come together. We know there is an announcement coming about taking back Mosul. I don’t know for sure if Abadi is going to make it there, but I do know Abadi is planning a trip here. I would say that would put Iraq pretty much done. They have their rate, and...sovereignty. Their rate was published in the Gazette. It won’t be put on the CBI until they want everybody to know about it internationally... ...the 15th is a significant day...It is when the new UN Operational rates are supposed to show. ...you are in a great place. Stay patient.
3-15-2017 Newshound Guru My Ladies Article: "Iraq to get 10 billion pound loan for British contracts" WE JUST SAW THE UK ISSUE LOANS TOTALING 10 BILLION POUNDS TO COMPANIES THAT ARE GOING TO REBUILD IRAQ. IMPORTANT NOTE THEY DID NOT GIVE IRAQ THE MONEY THEY PUT UP THE MONEY FROM PRIVATE INVESTORS FOR THE RESTRUCTURE OF IRAQ. SO YOU SEE THESE ARE UK CONTRACTS AND THIS MONEY WOULD NOT BE AVAILABLE TO FAR IN ADVANCE OF IRAQ COMING TO TRADE. THAT IS TOO MUCH MONEY TO TIE UP FOR ANY LENGTH OF TIME WITH OUT IT WORKING. ...ALL OF THIS MOVEMENT WE ARE SEEING IS BECAUSE THE TIME IS HERE. ...I AM SURE THE DINAR WILL BEGIN TO TRADE IN THE SHORT TIME. IT WILL CROSS BORDERS FREELY AND ACT LIKE ANY OTHER CURRENCY GLOBALLY. DOES THE PRICE HAVE TO CHANGE? NO IT DOES NOT. WHAT CYCLES WILL TRADING BRING IT? WE WILL HAVE TO WATCH... [post 2 of 2]
3-15-2017 Newshound Guru My Ladies I HAVE BEEN TALKING ABOUT MANY COUNTRIES THAT ARE CHANGING THEIR CURRENCY OR ADDING CURRENCY OR RE-DENOMINATING CURRENCY AND IRAQ WILL FOLLOW IN THE SAME WAY ALL THESE OTHER COUNTRIES HAVE BEEN DOING. THE IRAQI DINAR WILL GO THROUGH ALL THE SAME CYCLES OTHER CURRENCY HAS GONE THROUGH ACCORDING TO THE IMF STEPS THEY HAVE LAID OUT... ...IT IS INEVITABLE THAT THE IRAQI DINAR WILL COME TO FOREX ONE DAY AND IT WILL TRADE INTERNATIONALLY. I AM VERY SURE THE DINAR WILL TRADE PROBABLY THIS YEAR AND MAYBE NOT TOO FAR DOWN THE ROAD. THE REASONS I CAN SAY THIS IS BECAUSE WE UNDERSTAND HOW MONEY WORKS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru Revbo "ISIS IS leader killed along with 7 of his aides in western Mosul" ...Baghdadi may very well still be alive. He was said to have been killed near Badoush, which is north of Mosul. Here is confirmation of who was killed, which is consistent with the earlier reports of a high-ranking IS commander and 7 subordinates. The guy's name was Abu Bakr al-Iraqi, not al-Baghdadi. Still a good get, but not the big man himself.
3-14-2017 Intel Guru RayRen98 [Did any...sources ever indicate the CBI was holding off updating the rate on its site since Jan 4, 2017, because the rate had already changed and they did not want it “public” yet?] Yes. [...now that the rate has been updated, what’s their thinking?] Their thinking is that they don’t see why they don’t let it go! [With PM Abadi coming to the USA to speak to president trump on 3/19, is the 3/23 thru 3/25 window still on in your opinion?] I think the release of the RV will happen before then. Iraqis were told that an announcement will be made during the summit, but I don’t think it will be an RV announcement.
3-14-2017 Intel/Newshound Guru Mnt Goat Article: "Parliamentary Investment Committee is hosting the central bank governor to discuss the economic reality in Iraq" Quote: "Hosting come for the purpose of discussing the work of the central bank and the reality of the economy in Iraq." this is exactly what we wanted to hear at this point in time. The CBI is getting a pulse on the SECURITY and ECONOMIC situation of Iraq.
3-14-2017 Intel/Newshound Guru Backdoc IN FACT THE LAST FEW DAYS WE HAVE SEEN ARTICLES...TALKING ABOUT NEW COMPETITION IN THE FINTECH SPACE FOR IRAQ! SO YES...IRAQ AT THE PEOPLE’S LEVEL IS IN ITS’ INFANT FINTECH STAGE. BUT REMEMBER THIS IS THE FINAL STAGE! IT MAY TAKE MONTHS FOR THIS PHASE TO COMPLETE. THIS DIGITAL PROCESS HAS NOTHING TO DO WITH THE DATE OF THE RV (IN OUR OPINION). HOPE THIS HELPS ...WITH BETTER CLARITY! IMO. [post 2 of 2]
3-14-2017 Intel/Newshound Guru Backdoc AS FAR AS THE DIGITAL BLOCKCHAIN GOES, LET ME REVIEW SOME OF THE PROGRESS IRAQ HAS MADE. FIRST, WE KNOW THAT THEY CONNECTED DIGITALLY (BLOCKCHAIN) E-DINAR ON FEBRUARY 8TH! THEN WE SAW THEM BRAGGING JUSTIFIABLY ABOUT THEIR “NEW SYSTEM”... WE...UNDERSTAND THAT THIS IS AT THE COUNTRY AND BANKING LEVEL. THIS IS THE PROGRESSION THAT IS USED AS THEY DO THE DIGITAL BUILD OUT! COUNTRY TO COUNTRY FIRST! THEN BANK TO BANK! THEN WE SEE THE REST OF THE BUILD OUT WHICH IRAQ IS JUST NOW ENTERING (CALLED THE FINTECH STAGE)! DUE TO THE COMPLEXITY AND DETAILS OF THE DIGITAL BUILDOUT IT’S HARD TO TEACH...ALL THE DETAILS OF THIS. [post 1 of 2....stay tuned]
3-14-2017 Newshound Guru loop Article quote: "today we move from a centralized economy to a market economy" Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al - Abadi! BOOM! ...moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh's quote "today we move from a centralized economy to a market economy" that with Iraq's move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
3-14-2017 Newshound/Intel Guru BGG These days - throw a rock in any direction and you hit a STUNNING NEWS PIECE. "They" have pretty much showed us the outline...and it's being worked out now. Let's hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
3-13-2017 Intel Guru RayRen98 We’re in the same place as all of last week: waiting...Mosul is moving along...We’ve heard about advances into the city center and flags being raised. That is all good progress for Iraq, but we are anticipating that full public liberation will lead to national reconciliation and thence to the RV. ...today I heard it is 80% liberated. From the military side, I heard that Mosul would be liberated in a few hours. So it’s bit by bit until it’s resolved on the public side, and the same with the RV. We are still in an excited time...We are at the end of this game...
3-13-2017 Newshound Guru Kaperoni Article: "Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality" Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
3-13-2017 Newshound Guru Revbo Great progress made today by #Iraqi forces in #Mosul they end the day with a celebration dance. #Iraq's armed forces are only 200 metres from #Mosul's old bridge (will be the 3rd of the 5 main bridges to be liberated). [See Last week's map below on 3-8-2017]
3-13-2017 Newshound/Intel Guru BGG [Why would it be logical for Iraq's RVed rate to come out lower than Kuwait's current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical - except oil resources and prices have zero to do with currency valuation - according to the IMF... Further - since the very definition of "currency" is a "promissary note" on the economy of a country. Truthfully - it's going to be what the world - ie, IMF, UN, WB wants it to be...since...each currency is limited by boundaries of acceptance. In Iraq's case - it is not internationally traded and therefore not accepted. ...is this on the horizon - it sure looks promising... however, Iraq could "price" their currency at whatever they want... without international acceptance and support - who would buy it?
3-13-2017 Intel Guru DAZ [...do you know how long the timeframe of the revalue of Kuwait and its conception to end of public announcement?] CONCEPTION MAY HAVE TAKEN YEARS TO IMPLEMENT...I THINK I REMEMBER THE RATE ONLY BOUNCED A COUPLE WEEKS AFTER REACTIVATION...AN RI WOULD HAVE BEEN IN THE .84-1.14 RANGE IN COUNTRY WITH A CALCULATED EXTERNAL RATE AT $3.22.
3-13-2017 Newshound/Intel Guru BGG Articles: "Mosul .. Iraqi forces predict the 'big wins' within hours" "Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland" "Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation" So there are a few juicy headlines... I am still amazed at everything going on over there - and people still (as late as last nite) e-mail me boo hooing about how it hasn't happened yet. I just comment on it - the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven't had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary - all looks good from what they have said. Once this security "check box" is filled - we'll have to see what they do.
3-13-2017 Intel/Newshound Guru Backdoc [IMF taking Iran through the SAME procedures as Iraq... for their "monetary policy"...Iran has begun the steps of transparency with the IMF...] YES... BUT QUITE FRANKLY IRAQ IS THE GOLDEN CHILD. THEIR WEALTH IS BEYOND COMPARE. JUST WAIT TILL THEIR MINERAL MINING GETS ROLLING, WOW! IMO.
3-12-2017 Newshound Guru Phillyman I'm hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction. It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
3-12-2017 Intel Guru ADMINBILL RED ALERT STATUS...THERE IS MUCH GOING ON. WE MAY BE LOOKING AT THE END GAME THIS WEEK.
3-12-2017 Intel/Newshound Guru Backdoc WE KNEW BY THE ARTICLES WE STUDIED THAT WE WOULD GET TO THE COMING DAYS BUT WE HAVE TO SEE IF FOLLOW THROUGH IS THERE... IT DOES APPEAR LIKELY.
3-12-2017 Intel/Newshound Guru tman23 Post Mosul...What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO...THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE...IT'S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON... Abadi promised them all a raise retro active back a full year when he became the PM...Never knew where the $$$ was coming from then... The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it's citizens...We shall see !!
3-12-2017 Intel/Newshound Guru Mnt Goat Article: "Economist reveals: Iraq has "huge" sums of money in secret bank" Quote: "Iraq has large numbers of funds in Swiss banks, to be returned to Iraq, its importance , " ...it looks like they are going to use the leverage of the ability to open a Swiss embassy with getting this money returned to Iraq. Seems Iraq is just finding money everywhere!
3-11-2017 Intel/Newshound Guru tman23 Article quote: "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday." SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi...THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE...IMF MEETING TAKING PLACE WITH IRAQ...THEY HAVE A PLAN ROLLING OUT...LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
3-11-2017 Intel/Newshound Guru Backdoc ABADI IS IN THE U.S. ON THE 16TH. THE G20 MEETS ON THE 17TH. ON THE 21ST IRAQ HAS A PUBLIC HOLIDAY. MMMM WHAT A MONTH THIS IS TURNING OUT TO BE AND I'M SURE THERE WILL BE MORE IMPORTANT HAPPENINGS TO FILL IN THESE WILD MARCH DAYS! THE COUNTDOWN CLOCK MAY HAVE ALREADY STARTED. TIME WILL TELL SOON ENOUGH! IMO.
3-11-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq aims to drive Islamic State from west Mosul within a month" ...there are three weeks remaining to March. So their prediction is to early April to clean out western half of Mosul. I’d say they are not doing too bad in meeting their target date for end of March. So it might slip by a week or even two weeks.
3-11-2017 Intel Guru Frank26 Article: "U.S. Secretary Tillerson meets with Iraq’s oil minister in Washington" Good to see this confirmation today. IMO ... This escalation is very good!!! IMO ... Moved to the 16th. IMO ...May move again.
3-11-2017 Intel/Newshound Guru tman23 HOLD ON TO YOUR SEAT... "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq." “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room." AND THEN... "Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19..." KABOOM! The reschedule comes at the request of the White House...ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
3-11-2017 Intel Guru ADMINBILL THERE IS MUCH GOING ON. IT APPEARS THAT WE ARE LOOKING AT THE END GAME NEXT WEEK RATHER THAN THIS WEEK SO I AM PUSHING BACK OUR ALERT TO MATCH THAT ASSESSMENT. COULD IT STILL HAPPEN THIS WEEK? MAYBE BUT I AM NOT GOING TO GET YOUR HOPES UP.
3-10-2017 Newshound/Intel Guru BGG Anyone recall how many days it's been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda' weird how they just started updating the CBI website again - after something over 45 days? Wow? No change in status - of course...just really weird.
3-10-2017 Newshound Guru mike I don't see a rise to the $3 range for years, they've got to much work to do. Am I frustrated? No. Do I call out the ignorance that is displayed by the GOI when I see it? Sure! But that's what keeps me level set in this deal, I don't get excited about one or two lines in an article from an economist, been there done that...but I also feel like this investment will turn into something once they get the foundation built, they drop the sectarianism and fix the corruption...IMO.
3-10-2017 Newshound Guru Enorrste It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that "reasonable period" isn't that long!
3-10-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" ...one of the reasons the dinar will rise gradually is that the CBI can profit as it rises. The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
3-10-2017 Intel Guru Bruce let’s talk about where...believe where we are right now, and why it is conceivable to believe we could be there tonight or by tomorrow [Friday]. Iraq is really under way with their whole program right now. They did receive the loan from the UK a few days ago, and that put them over the top. We are looking for a visit from Prime Minister Abadi. We are basically I believe hours and a day away from getting underway and getting started with what we have been waiting for all this time. We are right there at the very end. I am excited. I think everything is going to be awesome this weekend...
3-10-2017 Newshound Guru MadDScout [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
3-10-2017 Intel/Newshound Guru Mnt Goat I never said I expected the RV for later February. I did however point out to everyone the information given to us from Iraq was pointing us to a possibility of restarting of the “project to delete the zeros” and thus this leads us to the RV in late March. Remember their words not mine! The CBI also stands still with EARLY 2017. They have not told us otherwise. So what timeline does the information in the articles point us to now? Since the fighting with ISIS is in fact taking the extra 3 months, as the US generals predicted it would way back in December of 2016...I would have to say they fully intend to have this mess cleaned up by the end of the 3 months and that puts us at the end of March. This is not my prediction but from what THEY ARE TELLING US. Could it change? Sure and it might but all we know is what they tell us.
3-9-2017 Newshound Guru Kaperoni Article: "The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country" There is no private sector without opening the banking system to the world. Simple as that.
3-9-2017 Newshound Guru Aggiedad77 ...maybe the IMF was requested to stay for this extended time period to help Iraq...after all President Trump has told Abadi we will be there to help you in any way possible...meaning of course not just the military...Iraq needs to do something they have never done before IMO...they are about to revalue their currency...they have to be extremely nervous and don't want to be taken further advantage of...so who do you call...well Big Brother of course, President Trump has all this help lined up...maybe the IMF is holding their hand to help them push that RV button in the proper fashion...the IMF is there checking all the systems and they are a go...will it take a full two weeks...heck no...Abadi leaves on the 19th for DC...will it happen before that...the CBI has this in the bag...they know...the BEST is coming. [post 2 of 2]
3-9-2017 Newshound Guru Aggiedad77 ...we read that the IMF is meeting with Iraq starting yesterday/today...and running for 2 WEEKS...in the past their reviews took one day...maybe two...but why would they need to meet for so long...Maybe the first couple of days are to get the usual paperwork out of the way...so where does that leave Iraq...they seem to be "mopping up" Mosul and some of the outlying areas...that says a lot, we see proof the Iraqi's are willing to chase DAASH across country borders... ...they got IBAN up and going, with WARKA getting up to speed their banks sit nice and pretty now...Abadi turned files on corruption (M) over to the ICC...he has an open invitation for countries and investors to come in...so what is likely taking two weeks of meetings with the IMF. [post 1 of 2....stay tuned]
3-9-2017 Intel/Newshound Guru Mnt Goat "Iraq -- Iraq: Letter of Intent, Memorandum of Economic Financial Policies, and Technical Memorandum of Understanding, June 19, 2016" "Upcoming 3rd Review in June 2017" Quote: "Approval by the Council of Ministers and introduction to Parliament of an amendment of the Investment Law, or issuance of clarifying implementing regulations by the Ministry of Finance, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction." They must eliminate restrictions that hinder taking profits out of Iraq or businesses will not come into Iraq. It is the “exchange restriction” currently in place that is an major obstacle such as in the sanctions mandating the conversion of dinars to dollars to do business with the outside world. This is not free flow of capital. I think this amendment is already passed in parliament according to the news. Quote: "Improve the business environment by eliminating restrictions for current international transactions." wow! I think this is already completed ahead of time according to the articles in the news.
3-9-2017 Newshound/Intel Guru BGG [how is investment?] The investment is doing just fine - glad to be in it. No need for "secret intel" sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both "forecasting" the start of economic and financial reform as soon as ISIS was defeated in Mosul - they were believing this would have happened in Jan - Feb...BUT... their optimism is still real - "first part of 2017" is still accurate - this appears to be a foregone conclusion, ISIS gone - MR started. So - we're good...and appears to be happening as we speak...
3-9-2017 Intel Guru Frank26 IMO...the GOI...is also making some very big moves right now. Ever since January 16th...when Allak said they would lift the value after Daesh...I believe that DEAL was dealt with last Friday...that’s in my opinion. All of this information is now coming out...because they postponed what we are looking at...HUGE MOVEMENTS are taking place...picking up SPEED...this things has legs! The CBI was put in a position...TO FLY! And the speed of what they want to do with their reforms...I believe it will become very evident this month (March). [post 2 of 2]
3-9-2017 Intel Guru Frank26 I told you...and I will not back away from it...once we have Mosul...we have security and stability...and once we have that...the MR will pick up speed... ...we suggest to you that the most important thing to pay attention to was the CBI. We’ve been watching the Central Banks and the UST... The UK just signed some documents...giving 10 Billion Pounds to Iraq --- (ever seen that done before?). IMO...that is evidence of documents signed...and IMO...the UST was involved. This has put Iraq into position for many things. International Bonds...perhaps...to sell pretty soon. IMO... Iraq is in a position NOW to start doing a lot of INTERNATIONAL work. Remember...if Iraq was able to sell bonds..who would buy them...AT A PROGRAM RATE? The answer to NO BODY! Yet...some DEALS were made with specific countries. [post 1 of 2....stay tuned]
3-9-2017 Newshound Guru Enorrste The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
3-9-2017 Newshound Guru Enorrste The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes...that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that...is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. ...this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3....stay tuned]
3-9-2017 Newshound Guru Enorrste Article: "Central: financial sector management electronically end of 2017" There are four phrases in this article that got me excited...The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3....stay tuned]
3-8-2017 Intel/Newshound Guru Mnt Goat Quotes: "Iraq in the forefront of countries that initiated legislation important laws in international standards in this area." "Talks during the meeting dealt with the mechanics of opening accounts in Iraqi banks in US banks for the purpose of facilitating the foreign trade of Iraq, in addition to opening up to the wider world." can you see now how the new banking practices; the implementing of the new anti-money laundering and anti-terrorist funding laws are all going to place Iraq in a very good position to get back their currency, thus continue ahead with the “project to delete the zeros”
3-8-2017 Newshound Guru Adam Montana [adding to the previous question... what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
3-8-2017 Newshound Guru Adam Montana [When they revalue it, no matter what number it goes to...Let's say it's .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that's true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10...that said, it's impossible to pinpoint which notes they will call in first, or how long they will allow the "old" notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it's reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2....stay tuned]
3-8-2017 Newshound Guru Revbo Here's where the fight is moving into now. Old Mosul. This is the Alamo for IS. They have most of their remaining fighters concentrated there, and the Grand Mosque is located there. When that is captured, it's the final blow for IS. It's only a matter of time, as a US general stated today when he said, "The game is up," earlier today, and if I'm betting, I'd say Iraq controls Old Mosul by Saturday, given the progress they have been making in similar terrain over the last few days. Article quote: "The Iraqi forces have liberated 47 areas, neighborhoods and villages in 16 days..." It's gonna be ugly, but it is inevitable at this point that IS will be exterminated in Iraq in the near future. [To compare map progress, see Guru Revbo's map posts on 2-25-2017 and 2-28-2017 below]
3-8-2017 Intel Guru RayRen98 We are basically waiting. All the important things are done and agreed. We still have to wait, but the wait is almost over. Mosul is in the news again...We’ve seen tweets from high levels welcoming PM Abadi to liberated Mosul. It’s only a matter of time before we get the official news of the liberation. Then national reconciliation should magically appear, with revaluation of the currency...We just don’t know the date, but it has already begun, it’s already in progress and in effect. We’re just waiting for that full public release. ... it’s coming. I think this ride is over.
3-8-2017 Newshound Guru Adam Montana We have no HCL as I type this, but that's subject to change, and hopefully a very soon change. I'm very optimistic on an actual HCL (LAW) coming through possibly even this month... I love the articles that are coming out now...If the recent activity, and the HCL news coming out right now, are not enough to get you feeling at least a tiny bit excited... you may want to check your pulse.
3-8-20-17 Intel/Newshound Guru Mnt Goat Article: "Published: 13:01 May 1, 2013 Kuwait City: Kuwait has received $2.43 billion (Dh8.92 billion) in war reparations from Iraq since the start of the year and is still owed another $11.2 billion, a senior official in the Gulf nation said on Tuesday." ...this article goes back to May 2013, so I believe the payment of any more war reparations to Kuwait is now completed with the recent March 2017 payment of 9 billion. This is such very good news for us….!!! I am excited. One more obstacle cleared for the RV!
3-8-2017 Intel Guru Bruce I am really at a lost where we are now and why it has not gone. The only thing I can think is it may have to do with the announcement of the liberation of Mosul. I know Mosul is basically pretty clear right now. It is liberated. ISIS has been dealt with. ...when the President made the announcement of with the new travel ban...Iraq was not on it. Iraq was lifted off the travel ban... Sunday the Iraqi dinar rate of $3.64 as an in country rate was published in the Gazette...Our understanding was that sometime yesterday or today we would have a rate published and seen on the CBI website... Iraq is on their way.
3-8-2017 Newshound Guru Kaperoni Article: "Central: the auction of the currency, "a transitional entity" and the need for him is still ongoing " The good part about this article is that they refer to the auctions as a "transitional entity" which to me only means that they plan to float the dinar and make it internationally convertible and traded. Only such a move would give the CBI an alternative source of revenue via commissions.
3-8-2017 Newshound Guru loop "REACT controls on the main court of the organization and the Central Bank branch in Mosul" THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
3-7-2017 Newshound Guru BGG Article: "Warnings of severe deterioration of the dinar after the appetite for dollar" This is an OP ED piece...Opinion of writer only...no guarantee of veracity... the big take-away for me was - the author points out a few things that are HISTORICALLY accurate - then says - IN ESSENCE, you can fix it all with currency reform. Quote: "...in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that's what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems..." "...CAN - SOLVE - A - LOT - OF - PROBLEMS..." BOOM!
3-7-2017 Newshound Guru Kaperoni I know many do get it..but some still cannot grasp and think the dinar must RV prior to investors coming to Iraq...when the reality is...it is a tool of the CBI to counter the inflationary pressure creating by the very investment we expect to see...."to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”.
3-7-2017 Newshound Guru tlm724 Article: "Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country's foreign investment" Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
3-7-2017 Newshound Guru Shredd Article: "Central Bank: the financial crisis behind us and the next few days are promising" Quote: "Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh." This is a great reminder of the wealth Iraq has and the interest from foreign investment. "Iraq will become a country of foreign investment" -- that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. ...this is not an "If" but a "When" regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq. The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
3-7-2017 Intel Guru Frank26 Last week...they made a FINAL decision on their economic reform and monetary reform...and I believe the strike in Syria had a big impact with that. We are AT THE END of this postponement of this! The IQD is about to become an INTERNATIONAL CURRENCY... You saw the market rate...down to 2%...that’s in compliance...! They are to improve their exchange rate...and remove the usage of foreign currency...THIS IS A SOLID EXAMPLE of what is happening. Their need for a policy to RV is NOT a theory...it is a plan...which they are doing right in front of your eyes. All the financial articles from the CBI are coming to life NOW! [post 2 of 2]
3-7-2017 Intel Guru Frank26 I’ve told you before...a flag in the heart of Mosul, planted by Abadi...then you will see the monetary reform. Iraq continues to advance into Mosul...and...a bonus...“Raqqa – which is in Syria”. Iraq can offer a VALUE of security and stability. This value is represented by that INTERNATIONAL strike within Syria. Today...the WORTH of Iraq is more realistic...that’s what the world is watching/wanting. The strike on Syria was BIG news! In January 2017...we had an announcement from the CBI...where they claimed that once the battle in Mosul was complete...they would advance in their monetary reform...but then he went on the say that it was being postponed. [post 1 of 2....stay tuned]
3-7-2017 Newshound Guru Islandg1211 Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn't going to let it be delayed. He's put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don't see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.) [reference Guru Islandg1211 1-26-2017]
3-7-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Currency reform should start well before end of year IMO. [reference Guru Kaperoni post 3-5-2017]
3-7-2017 Intel/Newshound Guru Mnt Goat Article quotes: "...Iraq received 18 billion dollars from the International Monetary Fund (IMF) on installments...9 billions of this figure was paid to Kuwait for 1990 war compensations. ...she added that Iraq signed an agreement with the IMF to reform the financial system in the country. Iraq will receive this amount on three future installments." ...Iraq still owed just about 9 billion in war reparations... I believe this concludes the payments “in full” to Kuwait for war reparations. This is huge news! I believe it brings us that much closer to getting out of sanctions for Iraq...much closer to the RV. They will need this to conclude the CURRENCY REFORM process.
3-6-2017 Intel/Newshound Guru Backdoc I BELIEVE THERE WILL BE A FEW COUNTRIES THAT WILL GO AT OR VERY CLOSE TO THE SAME TIME AS EACH OTHER. THIS IS ONE OF THEM! ...I ASSURE YOU THE IMF IS NOT GOING TO LET DOUBLE DIPPING OCCUR SINCE IT COULD DAMAGE ANOTHER COUNTRY'S CURRENCY! THERE WOULD BE DAMAGE DONE, THEREFORE THE COUNTRIES THAT HAVE A MAJOR MOVE TO THE UPSIDE WILL LIKELY GO TOGETHER TO PREVENT DAMAGE TO A COUNTRY'S CURRENCY VALUE. [post 2 of 2]
3-6-2017 Intel/Newshound Guru Backdoc IT'S BEEN AWHILE SINCE I'VE COMMENTED ON THE VND. VIETNAM HAS QUIETLY BEEN REDUCING ITS' NOTE COUNT THROUGH GOVERNMENT TO GOVERNMENT TRANSACTIONS WHILE AT THE SAME TIME BRINGING IN LOTS OF ITS PAPER NOTES. RECENTLY WE SAW A GOVERNMENT OFFER FOR THE PUBLIC TO BRING THEIR CASH IN EXCHANGE FOR TAX REBATES OR EXEMPTIONS FOR THE YEAR. THEY BROUGHT IN BILLIONS! THEIR ECONOMY HAS BEEN THE FASTEST GROWING GDP OVER THE LAST TWO YEARS! WITH CURRENCY SANCTIONS BEING LIFTED WITHIN DAYS, THE PRECEDING ACTIONS MEAN THINGS! [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru MadDScout Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." "marked decline by five thousand dinars to the category of $ 100." ...what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance...18 from imf and 12 from Great Britian.
3-6-2017 Intel/Newshound Guru Mnt Goat I stated the need for the Iranian influence being neutralized in Iraq (including the ring leader Maliki and his goons) and this being a priority prior to any RV. This is all coming about now as we are witnessing events taking place in Iraq and moving closer to the currency reform.
3-6-2017 Intel Guru ScottiG A recent text I received from a fellow minister and friend indicated an across the board change in the value of the dollar in Iraq. One source in Kuwait and one in England had mentioned recent activity in the banking industry related to a change of value to the Dinar and I must believe the information was quite positive. One other source had stated emphatically that as of the end of last year, that it is done. Now I know this source is truly connected and so I questioned just how could it be completely done and yet we do not see the manifestation of the change in value? If we look at this under the perspective that often in America, something has been approved or voted into law and we may not see it implemented for months. Looking at the information in this light gives it a whole new light of possibility. [post 2 of 2]
3-6-2017 Intel Guru ScottiG [Long time no see...glad to have you back] ...It seems like forever since last I shared anything with my Dinar Family...part of my distancing was due to the state of affairs in Iraq. I have kept in the loop of information coming out of Iraq and DC and my best description of the state of affairs was that we would have to see whole scale change in many arenas. Now I can state that we have and are seeing those changes unfold before our eyes. Regardless of your political preference, the change that transpired in Washington January is the best thing that could happen for us to see the launch of a new exchange rate for the IQD. A... dear friend of long standing...‘The Banker’...whose specialty is foreign currency, stated that until ISIS was removed from Iraq, we would not see the RV. I noticed in a recent post from...[Guru] Randy Koonce that he as well has commented to this stability factor. He remains a steady beacon in the night. [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru revbo Article: "Iraq forces advance into Mosul city" ...the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
3-6-2017 Newshound Guru mike Article: "Central: financial sector management electronically end of 2017" Quote: "A new phase began espoused by Iraq of developing the financial sector is the adoption of a sophisticated system changes the shape of financial transactions and the entry of active cooperation with the world's largest companies," ...at some point action is required over rhetoric, for those of us who've been following these guys long enough we know talk is cheap in Iraq. Shabibi illustrated long ago that the GOI have to be willing dance partners for the open market to work and grow, without the legislative foundation the best efforts of the CBI are for naught.
3-6-2017 Newshound Guru loop [reference Guru loop post 3-4-2017] to follow this comment up - the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger... looking more and more like a trend. Monetary policy (in the real world) is tightening up...and I point this out because...the culmination of what we are wanting to see is being forecast by numerous other, smaller moves - this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
3-6-2017 Newshound/Intel Guru BGG Article: "Central bank: Iraq overcome the financial crisis and the coming days bode well" Quote: "...Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities..." None of this can happen...without a serious shift in economic and currency policy. Just can't happen. They are back to "forecasting" as they were in late 2016...this time - the timeline isn't months or a part of the year...but it's "days" in their own words...NOT weeks, months or years.
3-5-2017 Newshound Guru Aggiedad77 Article: "Central: financial sector management electronically end of 2017" Here are a few things I've noticed with all the good news from today...so much talk about system changes that is a huge plus I am thinking...this article and at least one or two others have made mention of dealing with some very large companies and banks...in fact "some of the world's largest companies"...and "the largest banking technology companies in the world"...That all tells me that not [only] is Iraq serious about what is coming but also and this is UUUUGGGGEEEEE IMO...these companies on this grand of a scale are also seeing Iraq as a serious and probably very competitive entity at this time or they would not be looking in this direction...Large companies don't tend to waste their time on losing propositions...they are SUCCESSFUL...for a reason...they pick WINNERS...and IMHO Iraq is a WINNER who is about to step onto the top box to receive GOLD...in a number of ways I tend to believe.
3-5-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Quote: "...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector..." This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
3-5-2017 Newshound Guru Aggiedad77 Article: "Iraq receives $ 18 billion from IMF" I find this highly interesting...especially the part about payment to Kuwait for war compensations...they owe Iraq [Kuwait??] $4.5 billion that had been deferred until this year...now they are paying them 9 billion of this 18 billion from the IMF that is just odd to me, unless that is perhaps an agreed upon "extra" amount for loss of properties or bodies not recovered...who knows...and the IMF stipulates they need to reform their financial system...that sounds much like the Monetary Reform to me...so be it...get with the program Iraq...make it so.
3-5-2017 Newshound Guru Revbo Article: "Central Bank: the financial crisis behind us and the next few days are promising" Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody's coming in if they can't get their money out.
3-5-2017 Newshound Guru Phillyman Articles: "Iraqi command says a few meters close from Mosul government complex" "Iraqi forces control most of 2 western Mosul districts, pound Tal Afar" "Iraqi forces launch fresh push in western Mosul battle" "Iraqi forces near government buildings in Mosul as fight against ISIS continues" Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: "He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
3-5-2017 Newshound Guru Adam Montana I mentioned in my weekly...update that I'm getting a bit giddy right now. There's a good reason for it! We are at a tipping point, and this is going to either make us some money, or we're going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say "we enjoyed the ride", right?! Based on what I'm hearing from my people, I am leaning toward the bright side of it.
3-5-2017 Intel Guru ADMINBILL I AM ANTICIPATING AN ACTIVE WEEK. HANG IN THERE.
3-5-2017 Intel/Newshound Guru Mnt Goat Article quote: "Confirms al-Tamimi: that the rise in the inflation index, even though it was slightly It affects low-income citizens, because Mdjulath not enough to buy the same goods or services that were bought before, and therefore the purchasing power decline, which means more poverty and rising poverty rates." ...by a significant change in the value of the dinar this will raise the purchasing power of the dinar and slowly force out the lower denominations on the streets as the necessity for them will be realized greater and greater as time goes on. The movement out of the “closed economy” will then become a necessity and the use of the IQD dinar globally will be in high demand, thus driving the rate yet even more upwards...
3-4-2017 Newshound Guru loop Quote: Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." marked decline by five thousand dinars to the category of $ 100. That is all it is saying. Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI's statement made on Wednesday. [so what does that mean...?] It means that the CBI has put a system into place that allows them...control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
3-4-2017 Intel/Newshound Guru Mnt Goat ...March is still within range of “Early 2017” and we have been told by the CBI that the project to delete the zeros will resume in EARLY 2017. It is a fact that part of this project is connected with bringing in a new rate to the Iraqi dinar. This is the tie in to the project. [post 3 of 3]
3-4-2017 Intel/Newshound Guru Mnt Goat ...there is an urgent necessity for Iraq to get off the program rate if Iraq is to see any real potential for economic growth, as they are telling us they plan for... We can also see the need for a steady rate of the dinar and more purchasing power. Having the dinar at a REAL rate and the rate gauged off the GLOBAL currency exchanges helps to ensure this stability of the currency. So does this mean regions must be fully liberated from ISIS? Yes, of course as this is not me alone telling you this. The CBI itself has told us this many times. [post 2 of 3....stay tuned]
3-4-2017 Intel/Newshound Guru Mnt Goat IS THE IRAQI DINAR INTERNATIONAL? Contrary to what many...are telling you the Iraqi dinar is not yet international. Many...believe it is already international simply because some banks are now once again selling and buying dinar... But is this really at the international level? NO! It is not. So the Iraqi dinar is NOT yet trading on the international exchanges at any rate nor will it until there is a reasonable level of SECURITY and STABILITY in the region. They can not and will not be allowed to list the currency on the international exchanges until certain factors apply. [post 1 of 3....stay tuned]
3-4-2017 Intel Guru Dr. Clarke In ADDITION, to this APRIL 1 date for Iraq, we believe, there will also be THIS: APRIL 1st - 10th. Vietnam could substantially raise the value of the Dong... [reference Guru Dr. Clarke post 3-3-2017]
3-4-2017 Newshound Guru Revbo Article: "IS Checkpoints Disappear in Hours in West of Mosul" Quote: "The disappearance of the checkpoints reflects the internal collapse of the extremist group, that started to appear obviously with the start of the battle to liberate western Mosul,”... I wouldn't be surprised to see Trump and Abadi together in Baghdad by the end of the month celebrating the liberation of Iraq. The difference will be, this time it sticks.
3-4-2017 Intel Guru ADMINBILL NO SPECIFICS BUT WE ARE LOOKING VERY GOOD THROUGH THE TUESDAY/WEDNESDAY NEXT WEEK. LOOK FOR MNUCHIN ANNOUNCEMENT NEXT TUESDAY. WE ARE IN THE GROOVE.
3-3-2017 Newshound Guru Aggiedad77 Maybe it's just me...but I'm thinking for a Friday that is an Iraqi holy day, we've seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there...plans of actions...actions put into play...we are moving forward...I think we've seen further confirmation of their intent post Mosul...post DAASH....in the right direction...the BEST is coming.
3-3-2017 Intel Guru Dr. Clarke HERE’S MORE on “WHY” at least 10 more days are needed...The Laws in Iraq, are being Changed with URGENCY, and many have already, (the necessary ones) which haven’t been publicly announced. (just a guess) The National Reconciliation, is being negotiated a little more, but not quite where they want it - YET...FYI, they already have the HCL figured out BIG TIME...like the last 2 years to seriously play with this thing. (another guess) There are a FEW more questionable politicians being removed & replaced (wink), WITH URGENCY...The Currency Auction must CHANGE. (It’s Current Form. Can happen QUICK. Planned) There are also a few key “MEETINGS” scheduled, ...scheduled, within our timelines, as well... ...THIS is the culmination and the ENDING, to “The PERFECT STORM”. ...WHEN? APRIL 1st. When IRAQ could Officially - Publicly - Substantially, increase the value of the Dinar country-wide, meaning in every province, territory (the Whole of Iraq). 1st week of April, the Dinar could be Exchangeable worldwide, as an Internationally accepted currency OFFICIALLY. This date marks the BEGINNING of the 2nd Quarter. The 1st Quarter is now over, and for all practical purposes, Iraq did what they said they were going to do, by deleting the 3-0’s, in the 1st Quarter 2017, but made it official April 1. We really believe, we’ll see the emergence of a New, substantially increased Dinar Rate, on this date. [post 3 of 3]
3-3-2017 Intel Guru Dr. Clarke We’re Now, going to outline a TIMELINE. This is our View, as it stands today, given ALL THE FACTORS, we have at our disposal, as of right now. FIRST, let us say, that Conditions are such, that there is a LOW Probability, of a new, substantially Higher Dinar Rate, presenting itself publicly, from Iraq country-wide (meaning in the entire country of Iraq), anytime during the next 10 days...and the same goes for Vietnam’s Dong... We said LOW probability over the next 10 days. Not impossible - just LOW...10% Chance. A much much HIGHER Probability, exists AFTER the next 10 days, which is after March 13th. ...90% Chance. Quite a Difference. WHY?: THEY need a little MORE TIME. About 28 Days from Today...and the Probability progressively gets much GREATER, as we approach the end of those 28 days. For What? When ISIS “In the REGION”, is secured to an AGREED UPON SAFE LEVEL, WHICH IS THE 1ST TRIGGER POINT (not just Mosul any longer. This Changed last weekend), FOR OFFICIAL RATES TO CHANGE, then many different AVENUES OF MONEY will be Released, pushed forward, enacted, launched...in a number of Ways, including a substantial currency (Dinar) Rate increase PUBLICLY & OFFICIALLY, particularly within Iraq. [post 2 of 3....stay tuned]
3-3-2017 Intel Guru Dr. Clarke ...we’re on the MOVE! This “Perfect Storm” has an ending in sight. There are SO MANY pieces to this “Perfect Storm” flying together, like Magic, as we speak, and it’s picking up Momentum...you can see it, just from the scanty little bit of military information being shared publicly, on Iraq & Syria...like we always say, there’s much more, and especially now, under the Pres. Trump admin., that’s purposely being “Silenced” on what’s MOST Important, for the Good of All...but what IS being shared, is very very deliberate...and Iraq, now being admitted for travel into the U.S., as “cleared & normal”, apart from the “Original 7 country ban”...should give you a Happy hint...One other small item to mention: The Value of the U.S. Dollar in Iraq, is noticeably dropping southward, as in “DOWN”...and the Value of the Dinar in Iraq, is noticeably pushing Northward...as in “UP”. Nice little “perk”, in the thick of things... [post 1 of 3....stay tuned]
3-3-2017 Intel/Newshound Guru tman23 "Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year." “There will be two elections in September: parliament and presidential,” Barzani said during an interview ...I won’t be a candidate myself." WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY...HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD...THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE...TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED...NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST...i BELIEVE THEY MEET TO ANNOUNCE...AND SIGN...NOT NEGOTIATE!
3-3-2017 Newshound Guru mike Iraq is making great progress and will, in time, remove ISIL from western Mosul, it's invevitable. How long it takes is up in the air, if the US becomes more involved with troops and Apache action, it's definitely going to get done quicker. Abadi better have a plan, and not just for the country but the economy. We still need the banking, investment and open market legislation completed, all this talk about the currency and diversifying means squat unless they have the legal and economic foundations for success. If they unpeg today, I don't see how the dinar will gain value, if it had value now, they wouldn't have the MCP problem we have today. The auctions are the only thing propping up the currency. I'm cautiously optimistic Abadi will pull a rabbit out of a hat and get Parliament in line to pass the legislation and include the Sunni's and Kurd's in the government. If not, it's going to be one crises after another with little to show for it. Your move, Abadi.
3-3-2017 Intel Guru Frank26 Their Central Bank communicates with the IMF...and the CBI in 2015 they sent a memo to the IMF and said look...we thank you for the green light to lift the 000’s from our exchange rate...but we are studying the situation right now...and unfortunately as we know and you know...by law we cannot delete the 000’s...right now in the middle of this year 2015...so we are going to move everything to the early part of 2017. ...the acting governor of the CBI said very clearly in the articles...he said...I am trying my best ok but we cannot raise the value of our currency in the middle of the year...it has to be at the beginning of our fiscal year...the Monetary Reform is the deletion of the 000’s from the exchange rate...we have accomplished what we needed to do in lifting the 000’s from the streets...and we are at the start of 2017...and it is now time implement the Monetary Reform...and I think they are IMO... IOO...we are very close on the RV...there are no delays.
3-3-2017 Intel Guru Bruce ...what we are seeing in terms of Iraq, we have heard today [Thursday] as of 5am EST Iraq is exchanging currency in the Middle East with 4 or 5 countries at a rate of $4.96. It was really approaching $5. We heard a rate of $5.20, but I can confirm $4.96. Iraq is kind of doing their own thing. They started a few days ago on Saturday with a bond offering of a sovereign bond in Iraq $1 trillion offering. Four or five countries of the 23 countries that were offered it took advantage of it right away, which included France, Russia, United States, and others that took advantage of those bonds. What we are hearing of Mosul is positive. It was completely taken back. We are looking for an announcement of that. Things are being done and moving in a right direction. We are really in a good place. I look forward to...the start of a good weekend.
3-3-2017 Intel Guru Frank26 ...we believe Mosul is 100%. Very, very soon... maybe over the weekend...they should tell you that Mosul is liberated. So...we are looking at the CBI...we are looking at their actions / words. In the last few weeks...news from the CBI has been very, very good. IMO...with these conditions of Security & Stability being magnified over the last 48 hours...and the fact that the US Dollar rate is declining...declining to the IQD inside of Iraq...and IMO...they are floating their dinar to land at a certain point...to remove some zeros. The exchange rate...lifting of the 3 zeros is closing in. Iraq can lift the value anytime they want.
3-3-2017 Newshound/Intel Guru BGG Article: "Parliamentary Finance's "approach" to postpone the project to delete the zeros until further notice" Quote: "...Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice." ...that almost has the "smack" of her pointing out that this WAS PLANNED - then POSTPONED until further notice. Which is...accurate...they aren't saying further notice isn't tomorrow, next week or next month either. Why would they be "rehashing" a decision that was put off back in 2012 - right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact...it is a little weird this is coming out now - right near the end of Mosul... or in this "first part of 2017 timeframe" - why now? I think it's obvious.
3-2-2017 Newshound Guru Adam Montana ...I have a couple of rumors that I'm holding onto. I had hoped to have a better confirmation on them before posting this... I do not have what I need in order to release it, so I'm sticking with my
original guesstimate of the rate. When I think about it, I hope I'm wrong and y'all are riding with me to a much higher rate! You don't want to see $3.14 any more than I do! But I'm a realist, and that guides my logic on matters like this...Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
3-2-2017 Intel Guru Frank26 We all know the campaign we have been on for many months...in recent weeks we’ve been screaming ... “Give me Mosul!” We’ve said...“give me Mosul” and you’ll see the speed of the MR. The FINAL ARTICLES have told you they are going to do something with their exchange rate after the battle of Mosul is over. What did Abadi do with his new leadership? He created his own war (within the GOI/CBI) and got rid of those who were stealing money with Maliki. A liberated Mosul = CONFIDENCE! MOSUL = Terrorism gone! At least most of it. The only solution for Iraq’s success is for them to raise the value of their currency. The battle in Mosul...IMO...is very close to ending.
3-2-2017 Newshound/Intel Guru Randy Koonce Everyone needs to be watching events in Mosul. As security improves with the continuing advancement of Iraqi forces, and the liberation of Mosul announced officially by Abadi, that will be when our window is the Best. Iraq is looking for security from ISIS, along with the US advisors that are there. Security and stability really are the keywords. And based on recent news on Mosul, it is getting closer. So, to repeat: We are watching for an official announcement from Abadi that Mosul has been Liberated. Based on the information I have right now, once that happens, it should not be but a matter of days. Everyone with a say in the matter wants this to happen. We are close.. Every large bank will exchange...RELAX the RV is coming... [post 2 of 2]
3-2-2017 Newshound/Intel Guru Randy Koonce I have not sent out an updated report in a while because I have been waiting for another good window to open up. It looks like we may finally have one. If you have been watching reports from other gurus in Dinarland, you know by now that everyone seems to be gathering on the same page, once again. I want you to know that it does appear that conditions are coming together that are favorable for the RV to occur, hopefully for the last time. My various contacts are all telling me the same thing. We are very, very, very close right now. I would encourage you, before accepting any...announcement of a revaluation, to take the time to check at CBI.IQ to confirm that the rate has actually changed. You are looking for something along the lines of .289 in the dollar grid. If it says 1166 - No RV. However, if a decimal number, such as .289 or .256 (examples) appear - then you too have finally won the lottery! At least, that is what you are going to feel like. [You can see the official CBI rate and current market rate in the Dinar Guru Resource Bar on the left of this page] [post 1 of 2....stay tuned]
3-2-2017 Newshound Guru Kaperoni The spread in Iraq is dropping. Good news! 1250.
3-2-2017 Newshound Guru Adam Montana [ If the IQD/USD exchange rate and the IQD purchasing power is in fact not based on the price of oil, or the price of tea in China, then why do you think that we have to wait for a Hydro Carbon Law to be passed before an IQD RV ~ based on feelings ~ can be implemented?] You answered the question yourself, buddy! The HCL is exactly what will give the world confidence - good feelings - about Iraq and their ability to repay their debt.
3-2-2017 Intel/Newshound Guru Holly1 Quote: "Haitham Alaffas The central bank works to support the Iraqi dinar and reliable sources suggest the landing of the dollar to 122 in the next week" [what does 'landing of the dollar to 122 in the next week' mean?] IMO.. THE DOLLAR 122...NEXT WEEK GO DOWN...IN MY WAY OF THINKING...AND I DONT THINK LIKE A IRAQI...I WOULD THINK THAT IS WHAT HE IS SAYING ...IMO. FINGERS CROSSED...
3-2-2017 Intel/Newshound Guru Backdoc [Would IQD be the strongest currency in the world if it weren't pegged to our dollar?] UNFORTUNATELY, VALUE GLOBALLY IS DETERMINED BY THE DOLLAR, THEREFORE YOU CAN'T KNOW WHAT ANYTHING IS WORTH WITH OUT THE REFERENCE TO THE DOLLAR. SINCE WE AREN'T ON THE GOLD STANDARD THE DOLLAR IS THE REFERENCE OF VALUE FOR EVERYTHING. THIS IS WHY WHEN OTHER COUNTRIES WANT TO OFFICIALLY LAUNCH THEIR ASSET-BACKED CURRENCY THERE NEEDS TO BE THE NEW DOLLAR PUBLICLY TO DETERMINE WHAT THEIR VALUE IS. THE GOLD STANDARD WAS GIVEN UP LONG AGO FOR THE DOLLAR. THE DOLLAR DETERMINES VALUE GLOBALLY NOW! IMO.
3-1-2017 Newshound Guru Adam Montana I'm re-releasing my thoughts on the RATE. That will come tomorrow, and HINT! I am sticking to my older number, but there's a chance I'll be able to bump it up and be confident about it. No promises on anything more than my original rate though! [Since there are so many thousand investors (I am one) that are breathlessly waiting for the RV. What benefit is it to Iraq to pay out many millions upon millions of dollars to all of us? How can they possibly have enough U.S. dollars on hand for all those who are waiting for the RV?] Wow... I just spent most of the morning (4AM! I couldn't sleep) writing about this exact thing! Watch for my "RATE" post coming later this week. I cover exactly that.
3-1-2017 Intel Guru RayRen98 ...we have been hearing contradictory information, so I’m trying to confirm stuff because things can change in a minute. My last tidbit was that people were waiting for cards to be funded and activated on the new rate. Citizens are reporting that cards are funded, but at the same old program rate. Then last night, I heard something indicating the exact opposite, so we are trying to confirm which is true: old rate or new rate on the cards. The Iraq Stock Exchange opened today, and there were lots of rumors about what that means, whether a new rate is attached for bond purchases and stock purchases. As far as international status is concerned, there is no doubt the dinar is international... The laws are kicking in for the growth of the country and that is good for us. We are still waiting for the rate change. I like the information, although nothing really definitive to say this is the week. The main news we were focused on is Mosul, and they say that the city has been liberated, and ISIL is on the run. It all sounds good, and it all says to me “just a little bit longer; this ride is coming to an end”.
3-1-2017 Intel/Newshound Guru tman23 Iraq has been operating for years with a parallel rate...which is 2 rates...So much as the IMF told them back early 2016 to get off it... Now we are seeing that unfold as all banks in Iraq are connected to the CBI and in unison with exchange rate... YET we have not seen the CBI update the DATE on their website for indicative rates... Indicative--expressing simple statement of a fact. And with that thought, one can make the assumption that possibly the fact is the rate is no longer what the CBI has published on their site...therefore they have not updated the date...
3-1-2017 Intel/Newshound Guru Backdoc ...IRAQ TOLD US THAT THE UST WAS IN THEIR COUNTRY ON FEB. THE 8 th, AND THEY WERE HOOKING UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR. WE, IN ADDITION, HAVE WORD FROM THE SWIFT THAT THEY ARE NOW READY TO GO WITH 60 COUNTRIES. COMPLETION CAN OCCUR ANY TIME NOW. AND LIKE FRANK [GURU FRANK26] HAS SAID...TIME IS UP. WELL ALMOST AT LEAST. I THINK WE ALL WANT TO SEE MORE PUBLICLY ON THAT DIGITAL DOLLAR BUT IT MAY BE HIDDEN UNTIL LAUNCH. I THINK THE EVENTS OF MARCH WILL BEGIN TO UNFOLD AND MAYBE JUST MAYBE THE SHIA BROTHERS [IRAQ & IRAN] WILL FINISH THE RACE TOGETHER OR VERY CLOSE TO EACH OTHER. WE WILL SEE. THIS WILL SIMPLY BE AN EVENTFUL MONTH. HANG ON TO YOUR HATS, SEATS, AND TICKETS. IM ALL IN...IMO.
3-1-2017 Newshound Guru mike Article quote: "US President Donald Trump displayed after assuming the presidency of the United States, a project he called "the reconstruction of Iraq for oil" to the US House of Representatives." ...her comments alone add validity to the plan, if it wasn't real, she wouldn't squeal. Pass the laws, keep making progress on the MCP and get the dinar in Article VIII so they can finally begin the process of adding value.
3-1-2017 Intel Guru Bruce They have a new rate which is on their Qi cards/debit cards. Yesterday they started to pay not only the back pay at new rates, but also started paying a lot of other people in situations in Iraq upward of $4.25 and maybe somewhere close to $5. That would be a great international rate of the Iraqi dinar. Also we have heard that the testing that was done yesterday on the Iraqi stock exchange ISX. No problems, smooth sailing. We understand as result of the positive testing, that Iraq is to open their stock exchange, ISX, Wednesday morning at 9am Baghdad time. We understand that could be significant as far the timing of what it is we are looking for. Iraq has the rate. We are looking for the rate change to occur on the CBI web site pretty soon. [post 2 of 2]
3-1-2017 Intel Guru Bruce Mosul...has been liberated...they have had major success in that. Saturday Iraq began to offer brand new Iraqi sovereign bonds...for sale. ...notice it was a sovereign bond offering. That means Iraq has their sovereignty back. It was offered internationally so they have an international known rate available for their Iraqi dinar and it is priced into their bond offering. That is big news...most significant news to prove Iraq was back doing business internationally. What has been happening in Iraq? We know...the Reconciliation Act was to pass Sunday or Monday. This was something that had to be signed off by the IMF, UN, the United States government...That has been handled. That doesn’t totally affect us on the timing of the RV, but a good thing to know. Also that occurred on Sunday was the Amnesty law...It has finally passed as well. [post 1 of 2....stay tuned]
3-1-2017 Newshound Guru Kaperoni Article: "Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system" Quotes: "...a "need" a new political system based on a market economy..." "...in the democratic systems that rely policy of market economy, it gives freedom of movement of money..." I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
2-28-2017 Intel Guru Frank26 I just gave you 10 reasons WHY Iraq is international...not counting eDinars. Here is #11: #11 – INTERNATIONAL AIR STRIKE on SYRIA...Iraq did an air raid across their borders...and we allowed it! Baghdadi is running...where? There is only one place...Syria. Iraq wanted to bomb Baghdadi in Syria. THIS IS PERSONAL for IRAQ! To strike Baghdadi outside of their borders is HUGE! ...11 items of why Iraq is going to be international. IMO...soon their currency will grow-up to become international. The military side is just not ready to tell you that they are done yet. IMO...they are close because Abadi is telling the international world to come in... [post 2 of 2]
2-28-2017 Intel Guru Frank26 10 things that prove Iraq is stepping on INTERNATIONAL ground:
#1 – IBAN...every bank has IBAN numbers – allows them to transfer money in/out
#2 – SWIFT CODES...these numbers...part of the international world
#3 – MASTERCARD...(and Visa)...they are all over the place in Iraq
#4 – CHAPTER VII...IMO...is 90% gone. The other 10% is the RV of their currency.
#5 – NO PROGRAM RATE on CBI SPREADSHEET...for about 2 months now
#6 – AUCTIONS are CONTROLLING MCP’s …
#7 – IRAQI STOCK EXCHANGE...keeps proclaiming they are going international
#8 – WTO ASKED THEM TO JOIN...spells international
#9 – WAKRA...is finally catching up...(website finally updating)
#10 – BONDS...international bonds...two of them [post 1 of 2....stay tuned]
2-28-2017 Newshound Guru Revbo It took ISF four days to get from the airport to the bridge, so progress has definitely slowed since they moved in to the city from the desert, but ISF is still advancing and every piece of real estate they pick up makes it harder for IS to defend West Mosul. I'm gonna revise my prediction for the liberation of Mosul to March 21 from March 31. [See below for previous Thomas van Linge maps on 2-25-2017]
2-28-2017 Intel Guru Frank26 Another important thing...Dr. Shabibi came out and condemned Maliki...and you will start to see EVEN MORE! That will help with the monetary reform...help with the lava-flow. Watch for more on Dr. Shabibi and Maliki. In the end, Dr. Shabibi will make a speech to you. Security is coming in many ways. We (USA) are planting a presence sooo deep! We told you...some articles would come out...about the new Iraqi dinar being used in-country...and they are coming. [post 2 of 2]
2-28-2017 Intel Guru Frank26 ...THIS FRIDAY...I believe that could be a good time-frame for the liberation of Mosul. Once we have Mosul...does that mean we have the RV? No...this is a lava-flow process. What does Mosul give you? SECURITY and STABILITY...IMO...Mosul is about to be announced to the world. Iraq needs international investors...and I believe that is the big campaign now by Abadi. Come in and invest in our country! This airport...once it was captured...IMO...it opened the door...did you know that we are building 7 bases in Iraq? WE AIN’T GOING ANYWHERE...and the INTERNATIONAL WORLD KNOWS IT! [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru BGG [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year...It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
2-27-2017 Newshound Guru Kaperoni Article: "Commercial layer "parasitic" I run the Americans in Iraq and the balance of the bank continues to decline" Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically." IMO, they wouldn't be talking about it, if it was not the plan. Soon we can hope the float will start.
2-27-2017 Intel Guru RayRen98 On Iraqi television this morning, they were told the stock exchange is going international in March, with no delays. That is the good Iraq news, for those who believe nothing will happen until things happen in Iraq. Mosul is pretty much in the bag; how important that will be will become clear. I’m still at ‘any minute, any hour’, and I know there was a desire to get this done by the end of the month...we are close...slowly but surely, it’s coming. This RV is like running water, and it’s difficult to stop running water once it’s started flowing. So we wait to see what happens next... [post 2 of 2]
2-27-2017 Intel Guru RayRen98 The fight has moved over to Syria, with Abadi ordering air force attacks. Mosul seems to be no longer an issue, unless they are doing both at the same time. Also, Iraq is saying Mosul is ‘steps away from complete freedom’. Supposedly a new plan to defeat ISIL is to be revealed today. Western Mosul has been reclaimed, with government buildings, etc. That says something to us – large groups of ISIL are surrendering. Also Iraq offered its first international bond to the markets. Farmers are supposed to receive their back pay today, and also fingerprinting for international Visa cards. We are told this is to be at the new rate. With the new cards, the currency is certainly international. [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru tlm724 Article: "The Ministry of Commerce held a conference last week that "trade policy and economic reform" with broad participation and the presence of specialists in the economy." [What is your take on this... Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically."] I think when it says "the government can not afford to float the currency politically" they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic's 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit's insured. That is what I am looking for next!
2-27-2017 Newshound Guru loop LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS...THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!
2-27-2017 Newshound Guru Kaperoni Article: "Central Bank Governor: We support researchers and experts" Quote: "...the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth." No secrets or shortcuts. Though not what most want to hear, it is what we want to hear. Simply because as the economy grows so will the dinar...Balassa-Samuelson effect.
2-27-2017 Intel Guru Dr. Clarke We will tell you, that the focus has changed from just Iraq's Safety & Security, clearing, liberation - to, and including a "REGIONAL" focus of Safety & Security, which is now centered also in Syria and others... We mentioned this possibility about the status of Syria & Iraq being equally important and related...and we talked about a "Trigger" recently too...we're going to have to see where this goes, over the next few days...there is a strategy, that's of course hidden, and it definitely involves, the economics & currency movements of Iraq and others. Don't put much stock in this "Bond" thing, introduced this weekend...fyi... "Standby" in Positive Expectation, and watch "The STORM" for now. It's Beautiful. What is REAL, is that we've put ALL DATES & TIMELINES OFF THE TABLE NOW. IT'S A BRAND NEW BALL GAME, FRIENDS. There's a LOT MORE TO COME, before Anything meaningful moves & is clear...ALL in our Opinion... [post 2 of 2]
2-27-2017 Intel Guru Dr. Clarke This is Truly, "The PERFECT STORM", and we're right square in the middle of it. We were hoping for more to share today, that was significantly meaningful & Clear, but it just hasn't been the case. So, we're currently in "STANDBY" mode, and hope that by this coming Thursday, March 2nd, things will clear up, and become more solidly known. We're not saying things are happening "Sooner" and we're not saying things are happening "Later"...we really don't know at this point, BECAUSE THINGS HAVE CHANGED SO MUCH OVER THE PAST 2 DAYS...and if we did, we'd relay those things along to you. It's truly a very massive and widespread storm...with Heightened ILLUSION...but one thing's for sure...it's POSITIVELY MOVING FORWARD. ALL of Life is about TIMING. [post 1 of 2....stay tuned]
2-27-2017 Newshound/Intel Guru BGG "Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched" Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! Holy $*%&! Did I just read that right? There is a reason they are talking about this right now...it would appear this is on the verge of happening.
2-26-2017 Newshound Guru loop Article: "Rasheed develop a plan to open branches in the liberated areas Banks" What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me. They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations. Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.
2-26-2017 Intel/Newshound Guru Backdoc Article: "Rafidain Bank directs its branches update data before retiring salaries" SEEMS LOGICAL TO VALIDATE THE RETIREES ESPECIALLY WHEN YOU'RE ESPECIALLY CLOSE TO MAKING DISBURSEMENTS ON A LARGE SCALE.
2-26-2017 Newshound Guru loop Article: "Iraq complains Ministry of Finance's lack of cooperation with the retirement body: disgruntled pensioners of procedures" Quote: "Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity..." due to the lack of liquidity...I KNOW WHAT WOULD FIX THE ISSUE...INCREASING THE PURCHASE POWER OF THE DINAR!
2-26-2017 Newshound Guru Revbo Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" ...foreign jihadis leaving for Syria, allegedly on Baghdadi's orders. This operation is almost over, folks. IS is being demoted back to the JV team.
2-26-2017 Newshound Guru mike Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" To say I'm surprised is an understatement, they've been fighting these guys for years. Let's hope they keep up the momentum and free the entire city...
2-26-2017 Intel/Newshound Guru Backdoc Article: "Iran's Parliament Approves Bond Issue for Oil Projects" THIS SEEMS CONSISTENT WITH OTHER ARTICLES THAT IRAN WILL HAVE A NEW RATE AND WILL BE A SINGLE PAYMENT SYSTEM WHICH IS DIGITAL AFTER MARCH 20th. SELLING BONDS AFTER THAT NEW FISCAL YEAR FOR THEM MAKES SENSE. WHAT I LIKE EVEN BETTER IS THAT A DIGITAL DOLLAR AND MOST LIKELY DINAR THAT HELPS BACK THAT NEW DOLLAR WILL ARRIVE PRIOR. REMEMBER THE DOLLAR IS THE GLOBAL REFERENCE OF VALUE THEREFORE IT MUST SHOW FIRST OR AT THE SAME TIME AS OUR BELOVED DINAR!
2-26-2017 Newshound Guru loop The Iraqi's are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO. The battle to free the Right coast is progressing very nicely. The on going media blitz on Maliki is very telling. His time is coming to and end. His is about to reap the what he has sown. IMO. Munich was a definite catalyst for the recent move on him. IMO...It's shows how close we are getting to realize the the fruits of our labor... The continued dialogue in the media about national reconciliation shows how serious they are about it. It's not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
2-25-2017 Intel Guru Delta [Dont know if relevant? "DEAL-Iraq's First International, Sovereign Bond"] NOT ONLY RELEVANT...BUT VERY HUGE! IRAQ HAS ISSUED ITS FIRST EVER INTERNATIONAL SOVEREIGN BOND. IT WAS ISSUED ON 02/24/17. [There were contingency for this ... They decided.] YES...THAT'S WHY IT'S HUGE...WARKA TOTAL BLOCKED TODAY.
2-25-2017 Intel Guru Dr. Clarke Lots of things are Changing rapidly, and "BIGLY", friends. As or right now, ALL OF OUR TIMELINES, previously stated, are no longer applicable. We will update you sometime tomorrow, after everything comes together... As for right now, we DO NOT see anything significantly happening with rates, tonight or tomorrow...We'll get you more detail, sometime tomorrow. There's been major HIDDEN information surface...Hint: Now, Iraq sending airstrikes to Syria to secure the border?...IOO.
2-25-2017 Intel Guru RayRen98 It has reported that the military base in Western Mosul has been re-claimed today by Iraqi troops. The government buildings being the next victory, are in short distance. Large groups of Isis are surrendering. Iraq has issued its' first internationally sold sovereign bond in the international capital markets!
2-25-2017 Intel/Newshound Guru Backdoc THE END TO THE YELLOW BRICK ROAD IS NOW IN SIGHT. OUR LONG AND DIFFICULT JOURNEY IS COMING TO ITS END. RECENTLY, WE SAW IRAQ ADMIT A VERY LARGE DISCOVERY OF BLACK GOLD IN SOUTHERN IRAQ. IRAN DID THE SAME THING JUST A COUPLE OF WEEKS AGO. BY ADDING THESE NEW ASSETS TO THEIR CREDIT WITH THE IMF, THEY WILL LIKELY BE ABLE TO SUSTAIN A MUCH HIGHER CURRENCY VALUE THAN PREVIOUSLY THOUGHT. IN THE CASE OF IRAQ, I BELIEVE THE TRUMP ADMINISTRATION WOULD LIKE A HIGHER CURRENCY VALUE FOR IRAQ SO THAT THE U.S. CAN ACHIEVE A BALANCED BUDGET. VALUE IS ABOUT TO CHANGE, AND YOU MY FRIENDS, WERE ABLE TO BE A PART OF HISTORY. ISN’T IT NICE TO BE ON THE RIGHT SIDE OF THE VALUE EQUATION? WE ARE ALMOST TO THE EMERALD CITY NOW AND IT’S TIME TO SEE OZ. WE WILL PULL BACK THE CURTAIN IN MARCH.
2-25-2017 Newshound Guru Revbo Seems to be going significantly better than expected so far. This guy [Thomas van Linge] has a map [see below] that he updates regularly as things change, and the ISF-controlled areas of West Mosul have been rapidly creeping north. They got the airport and the base next to it yesterday, and they are already making serious inroads in the city. From the estimates I heard a week ago, this kind of progress wasn't expected for well over a month. ...not bad, huh? Last week, everyone was predicting this operation would take six months. [see maps below]
Mosul 2-20-2017
Mosul Progress 2-24-2017
2-24-2017 Newshound Guru Aggiedad77 Article: "Twilight News / agency Standard & Poor 's credit rating . The classification of Iraq was confirmed at "B- / B" with a stable outlook." Well we can see the negative side to this...the "B-"...or we can instead focus on what we see as a positive...that their fiscal discipline has improved and it is believed will remain stable for the next few years...or at least for a few days...until God explodes a blessing all across Iraq...oh how quickly things can change...so very quickly indeed...IMO.
2-24-2017 Newshound Guru Enorrste Article: "Parliamentary Finance: Iraq's debt rising to more than 126 trillion dinars" Quote: "The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt." I found the ...article...referenced just above to be interesting. It says that at $45 per barrel Iraq would be in a surplus position. According to NASDAQ the current price of oil is $54 per barrel. This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF. It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion. Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
2-24-2017 Newshound Guru Kaperoni Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" I don't expect the CBI to "flip" a switch the day after liberalization of Mosul. It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform. Especially with the spread still not close to 2%.
2-24-2017 Newshound Guru Aggiedad77 Article: "After Mosul: Certainties and Uncertainties" ...the US position in Iraq post DAASH is becoming clearer by the day IMO...Keep the peace between the various political factions...build those bases and staff them to further kick some DAASH butt in nearby Syria...and don't lose sight of that GIGANTIC pool of oil...we may not own it...but we want first dibs to it...Plus have Iraq stepping out on the world stage for the first time....being the ones who get to introduce her to the world...oh buddy...good times are coming...because....the BEST is coming...I'm looking to Sunday maybe into Monday to be quite interesting.
2-24-2017 Intel Guru Bruce My understanding is that President Trump is actually doing everything in his power which is substantial as we know to move this thing through and get it done now. We heard 3 days ago now actually that the banks in Mosul were up and running. I believe the Mosul airport is up and running now. I don’t know how much work the city needs in terms of infrastructure. I believe it needs a whole lot. At least in the day to day operations from what I understand are back in place. There have been a few little announcements in main stream news here about the restoration of Mosul being taken back which is very positive. I just got a call...that approximately at 9pm EST [Thursday]...that Iraq began their monetary reform on their CBI website. So what they are doing now in trying to update and possibly put out new rates I hope essentially is the trigger for...the RV for the dinar... Looks like Iraq has begun their process of economic monetary reform through their CBI website. I am excited...I think that is a good sign. ...we are in really good shape for this to roll out...
2-24-2017 Newshound Guru Kaperoni Article: "Iraq joined the Convention on the transparency of the arbitration between investors and states" Quote: "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states." Dispute resolution is critical. A good sign.
2-24-2017 Newshound Guru loop Article: "Parliamentary oil suggest the presence of 300 billion barrels of undiscovered" Quote: "...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve." If Hafiz is correct Iraq will have the largest reserves in the world. What we do know for sure is that they just add 10 billion to their reserves last week. Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
2-24-2017 Newshound Guru Kaperoni Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq's economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment...at least we can hope anyway. [post 2 of 2]
2-24-2017 Newshound Guru Kaperoni Article: "IMF confirms the stability of Iraq's reserves of hard currency" Quote: "the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well" I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so. [post 1 of 2....stay tuned]
2-24-2017 Intel Guru Frank26 The IMF doesn’t want them to float...but IMO...I think they are going to float. There is a compression of a lot of DEAL going on as the fat lady gets out of the way to show the liberation of Mosul. Once you have Mosul...you’ll see the reason for the negotiations...which you wouldn’t see happening with a program rate. The DEALS are across the board...creating fairness in trade and currencies. This is VERY historical. I like how Abadi told everyone at the meeting in Germany...“we’re open for business...come on in!” Germany did tell Abadi...“ok”...and they did...quickly. Abadi received today a German delegation...Merkel says they are there to help with the economic reforms. Didn’t take them long to show up. No country is in this for an 1186 program rate!
2-23-2017 Newshound Guru Aggiedad77 Article: "Ayman total liberation of Mosul operations within 72 hours" We seem to be under a time clock don't we Family...72 hour count down and ticking...and we could be "ABOUT" done with Mosul to hopefully meet President Trump's satisfaction...may we see strong evidence of Monetary Reform shortly...that leans on a "sexy" rate...the BEST is coming...tick tock goes the countdown clock...Mosul...Mosul come on over. ...so when did this clock start to tick...on the 21st some time...pray for a wild weekend...one of great celebration that Mosul is finally back in the hands of the good guys...
2-23-2017 Newshound Guru Adam Montana [Do other countries have HCLs? ...is there anything to compare this process to...?] An HCL by any other name is still an "Oil Law". However... Iraq is the only country to my knowledge that has THIS much riding on the passage of such a law.
2-23-2017 Newshound Guru Kaperoni Article: "Abadi condemning al-Maliki in the fall of Mosul" He wanted to be Prime Minister, time he take responsibility for his actions or lack there of.
2-23-2017 Intel Guru Frank26 Dr. Shabibi…anything to say? Dr. Shabibi came out…and said that Maliki stopped everything. Abadi asked…“Why did Maliki give up Mosul?” Why did he remove 3 units of protection? Why Maliki? Obviously he was in coo hoots with ISIS. They are now calling for high-treason… in Iraq and INTERNATIONAL COURTS! TIME IS UP! TIME TO PAY MALIKI FOR YOUR CRIMES! ...we told you there would be another speech from Dr. Shabibi…JUST BEFORE they were ready. TA-DA-FREAKIN’-DA!! The MR will…IMO…will blossom after Mosul is announced. Once Mosul is liberated…they will liberate the IQD from the program rate. [post 2 of 2]
2-23-2017 Intel Guru Frank26 The reason why we don’t see the exchange rate of the IQD released yet...because there are a LOT of DEALS being made... IMO…(about 2 weeks ago)…we have enough of Mosul to have the RV of the currency of Iraq now...that was MY OPINION…but apparently that is not President Trump’s opinion. He wants to extinguish ISIS...That’s why many DEALS…IMO…are being born…combination of removing ISIS…“give me Mosul” and you’ll see the MR. We’ve got like 30 articles now... evidence of what they are going to do. It’s not that we want fully security by removing all of ISIS...while that is happening, Trump is making a lot of DEALS with Abadi. IMO…Iraq is being used as LEVERAGE to do a lot of DEALS around the world. Has Abadi seen Trump yet? No…not until Abadi is done with this and that…but Trump has Abadi’s back! [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru loop His opinion is that .83333 cents to the dollar would be more managable. [So the exchange rate would be 1/.83 = $1.20. 1 divided by .83...In USD] This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows. Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment. Mr White [Guru wmawhite] made an excellent point...about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low. [post 2 of 2]
2-23-2017 Newshound Guru loop Article quotes: "Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200." "But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations." "The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price." So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive. [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru Adam Montana [...can Iraq go on as long as it wants with out RVing...?] They could go "forever" without revaluing their currency, sure. But I don't think they will. We are indeed heading to that elusive finish line...
2-23-2017 Intel Guru RayRen98 [Do you really think we’ll exchange this month?] Today’s February 22nd, and this month ends next Tuesday. Yes, I do believe we will exchange this month, based on what I have shared with you and things I have not shared with you, no reason to think otherwise. I still look to $3.71 to be the international rate or thereabouts. We are in the waiting stage. Everything looks good...This could pop at any time, and all the technical information that has come to us is saying ‘green light – go’ as soon as this is released. [post 2 of 2]
2-23-2017 Intel Guru RayRen98 All is quiet, maybe a little too quiet...We had people in Iraq sending intel that the dollar was banned; we expected that, and good to hear it confirmed. Articles came out about that as well. Most of us know what that means, as one of the conditions favorable for Iraq to be sovereign, with a currency that is competitive to its neighbors. There are also rumors about Maliki being brought to justice, and reports of Rafidain Bank is now preparing its customers to accept deposits in dinar only, no longer in dollars – nationwide. At least, that is the game plan, to ban the US dollar across all provinces. [post 1 of 2....stay tuned]
2-22-2017 Intel Guru Dr. Clarke In the past few days, you've seen the "Storm" picking up speed. Surprise visit to Iraq by Gen. Mattis, tons of extra troops into Iraq/Mosul on Sunday. VP Pence met with Abadi, Merkel of Germany sending envoy to "assist with Iraq's Monetary Reform" (what??) Monetary Reform? ...and this week, you've heard all kinds of news regarding the Dinar Rates & the Dollar Rates...Changing. Keep your fingers crossed...it's only Feb. 22nd, 2 days into the "Storm"...so far, so good.
2-22-2017 Intel Guru ADMINBILL BEHIND THE SCENES ACTION IS STARTING. STILL ANTICIPATING THIS WEEK. NEWS I CANNOT USE IS VERY POSITIVE. THE PICTURE REMAINS BRIGHT.
2-22-2017 Newshound Guru Adam Montana The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it's current "value" forever. [post 3 of 3]
2-22-2017 Newshound Guru Adam Montana Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3....stay tuned]
2-22-2017 Newshound Guru Adam Montana This is the question I've been seeing a lot lately: "Is it a scam"? In a word - NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It's THAT simple. Keep this in mind when you read anything on the dinar - a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the "Iraqi Dinar" is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. ...what about the "investment" itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3....stay tuned]
2-22-2017 Newshound Guru Aggiedad77 Article: "German loan gate to move the labor market" Quote: "...approaching global economic blocs in Iraq stems from its importance on the world stage and this important global effort perceived by the evolving under international indicators that put Iraq in the lead among the ten richest countries in the world." ...how can Iraq be placed center stage...on TOP of the world as the richest of the richest 10 countries in the world...how would that be possible...not just in the TOP 10...but at the top of the heap...you know what they have to do...Abadi has been told what he has to do...make it happen #1...the BEST is coming...big time BEST...can 3.22 make that happen?
2-22-2017 Newshound Guru Kaperoni Article: "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives" Quote: "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus." Very good article. It appears the UN is helping Iraq push these needed reforms forward.
2-22-2017 Intel Guru Bruce I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. ...we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards. Their cards have been charged with their new rates. ...we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open...even in Mosul the banks are open since 10am yesterday Iraqi time. The timing of this is very close in terms of what I am hearing. What we need is some good news come out of Iraq.
2-22-2017 Intel/Newshound Guru Backdoc Article: "... Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde" Quote: "Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries." I THINK IT'S VERY INTERESTING TO SEE "MUNCHKIN MAN" (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF. THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. "ACTIONS MEAN THINGS."
2-22-2017 Newshound Guru Enorrste Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
2-22-2017 Newshound Guru Enorrste Article: "Raise the price of the Iraqi dinar to the fore again" Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..." "The government is expected to return to the project itself after the end of military operations." This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to "RV" in the traditional sense and explains why. [post 1 of 2....stay tuned]
2-22-2017 Newshound Guru firefly Article: "Include the introduction of modern irrigation systems" Quote: "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized." Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
2-22-2017 Newshound Guru Kaperoni ...measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
2-21-2017 Intel Guru RayRen98 On Iraqi TV, via satellite in US, it is reporting in the coming days a mechanism will be activated that will eliminate the US dollar and raise the value of the dinar. Reportedly, PM Abadi on Iraqi TV implying that Maliki may be brought before the courts on a charge of high treason. Also, indicators are now saying Rafidain Bank is preparing customers to do their deposits in dinars, NOT US dollars.
2-21-2017 Newshound Guru Aggiedad77 Article: "The Washington Institute for Trump: Iraq a better partner for the United States" How many different ways can you spell DEALS...the US is saying that Iraq is a better partner...really... Remember Iraq was given the cold shoulder by many...but now has become a key player and hot potato IMO...it goes on to say that Iraq will become rich...wealthy...and US companies will help level the playing field for them...Time is Up......the BEST is coming.
2-21-2017 Newshound Guru Kaperoni Article: "Raise the price of the Iraqi dinar to the fore again" Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: "The government is expected to return to the project itself after the end of military operations."
2-21-2017 Intel Guru RayRen98 Citizens in Iraq are informing that there is a ban on using the US dollar...supposedly in all provinces! Is this the final phase to economic reform and a public release of a revalued currency? Time Will Tell.
2-21-2017 Newshound Guru tlar [Do you have a guess on a rate? I communicate with another guy who believes there is too much dinar out there for much of an increase. Would you agree with that?] Its only a best guess as to how many dinars are circulating or how much of what they state is actually USD with the equivalency stated in dinars at any one time, because they will never divulge that to the public or even their own citizens. ...remember it is not dinar released from the CBI that they have to cover, but rather dinar circulating in Iraq in day to day commerce. The CBI may have released in the upper 30 trillion range but the dinar circulating is much less than that figure. The newspapers and media has always referred to all the dinars released as circulating in Iraq...The dinar you and I hold and the dinar not in Iraq that is other countries and central banks, is not considered circulating in Iraq.
2-21-2017 Newshound/Intel Guru BGG "Headline: Securities recorded an increase of 308% in the number of shares traded last week" (that would be for the ISX)...and 130.7% the week before...it would appear the "chunky money" and investors are feeling more and more secure in their own market place BY THE DAY! [That's a week over week volume increase.] They know what's coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor - which is good for us...They aren't complaining about the "worthlessness of their currency" - they are slingin' that stuff around like a fat kid chasing ice cream cones!
2-21-2017 Newshound Guru Aggiedad77 Article: "Iraq discuss with the launch of the International Monetary Fund for a new batch of loan" Iraq must have been doing some wonderful things to see a new batch of loans being considered dontcha think.
2-21-2017 Intel Guru Frank26 Mosul = stability / security for ALL of the Middle East AND Europe! DEALS outside of Iraq with the UK...with China...they are willing to play fair with their currencies. DEALS with Vietnam....Wait...didn’t Obama put sanctions on Vietnam? Yes...Vietnam sanctions...are only on their currency. They got caught just like China for manipulating their rate... But those sanctions ...in about 2 weeks are going to be lifted! Their revaluations...will not be like Iraq...IMO...smaller increments...in about 6 phases. DEALS are being made...while the value of the IQD is low…with countries who are waiting for the IQD to come out. DEALS...whatever you want to call them...was slipped into the formula for the release date of the RV of the IQD. Something is up...because TIME IS UP. All we are doing is waiting for the rate to go up. [post 3 of 3]
2-21-2017 Intel Guru Frank26 Trump says to Abadi...“go to Germany...talk to those in the long-line...tell them to invest in your country...Tell you citizens that the “full assault” on Mosul will begin this Sunday.” Seven...American bases in Iraq...we (USA) are not going anywhere! This is the beginning to the end of ALL OF MOSUL...and IMO...in ABOUT 2 weeks...it could be less...! Mosul is being completed at a much faster pace! This is the FULL-ON ASSAULT for the MR [Monetary Reform]. Is it Iraq’s choice to wait for Mosul for the RV? No…It’s not Iraq’s choice. We (USA) are not the only players in Iraq. IMF, UN, BIS, WB, etc. Iraq has its feet being held to the fire by those involved in the MR. [post 2 of 3....stay tuned]
2-21-2017 Intel Guru Frank26 On the early dawn on Sunday, something dramatic happened for our investment. DEALS are going on...happening so fast...Out of nowhere...all of these countries want to MAKE DEALS. Security and stability is really the key all over the world right now...and it all starts in IRAQ. If people want to make DEALS...to include China and North Korea...so that things are FAIR...that is astonishing. DEALS are being made for everyone that’s in the LONG-LINE...those that want to play on an even playing field...equal and fair trade. TIME IS UP! And that’s why we have DEALS that are being made. DEALS will fatten Iraq’s reserves...fuel their future. IMO ...over the weekend...these DEALS were triggered off...all from a phone call. The call...Trump to Abadi. A NEW DEAL was born. And that’s probably why we haven’t see the MR yet. Trump is a master negotiator...and as a holder of IQD...you should be thrilled about that! [post 1 of 3....stay tuned]
2-21-2017 Newshound Guru firefly I don't have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice. And... IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST. Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.
2-21-2017 Newshound Guru loop Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." Huge step forward to open the doors to the wall of Investors. IT's right out of article 22 of the Investment Law. Article 22: The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.
2-21-2017 Newshound Guru Aggiedad77 Article: "Keywords: cash reserve is reassuring for the next five years" Quote: " ...it has received praise from specialized international organizations, and the reserve is calculated by the Central and the international Monetary Fund does not accurately raises concern for the next five years." Why would Iraq's Central Bank Reserves be considered by not only themselves but the IMF for the next five years...may I say "deal"... because of what has been agreed upon that perhaps we do not yet see...But what you do see is perhaps not all of the picture...remember boatloads of money coming into Iraq a short while ago...many things doubled...oh but that was a tip of the iceberg...IMO the IMF and others can see the full iceberg and no it is not global warming that is shrinking anything...it is global agreements that in fact are growing the iceberg...and that growth will soon stimulate an explosion that will catch our world as we know it in a shocking but oh so positive surprise...Wait for it...for IMO...the BEST is coming...
2-20-2017 Intel Guru RayRen98 Iraqi TV is reportedly referencing economic reform with officials discussing raising the dinar to 1.20 to the US dollar. Time Will Tell!
2-20-2017 Newshound Guru loop Article: "Keywords: private banks, their performance distinctive and are satisfied with it" Alak came out today punching the media for misreporting. ...he is saying...out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this. ...ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they...the reserves cover the local currencies by a "large margin". It's important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.
2-20-2017 Newshound Guru Aggiedad77 Article: "Proceeded Rasheed Bank, on Monday, activating the e-government citizen complaints for the service of citizens." Iraqi citizens the digital world is coming to a bank near you...get on board and get ready for a wild and wonderful ride...To make this work Iraq has to continue to improve the electricity issues around their country...but rest assured this e-"thing" is here to stay...welcome to our world... welcome to the big leagues...deals...are done...contracts are done...money is ready honey...just push GO and start collecting...For this done deal to materialize before our eyes...the BEST is coming and it's all about Iraq...and the World...in the still of their night...let us smile.
2-20-2017 Intel Guru ADMINBILL LOOKING LIKE GREEN IS A VERY REAL POSSIBILITY LATER THIS WEEK. I EXPECT A MAJOR ACTION TUESDAY OR THURSDAY...WHEN IT OCCURS, WE ARE THERE. I AM LOOKING FOR EXCITING THINGS TO HAPPEN IN MOSUL, AND WITH REGARD TO OUR OWN CURRENCY THIS WEEK. LET'S SEE IF THOSE CAN BRING US HOME.
2-20-2017 Newshound Guru mike [...if the market rate drops is that a good thing?] The market rate, or street, dropping is a good thing. As of today the street rate is 1270-$1. The official rate is 1182-$1, so there's a spread between the two is 88 dinars, or roughly 7.5%. That's not good enough for the IMF, they want the MCP, or spread, to be 2% or less and hold it for at least 90 days before Iraq can move to Article VIII compliance. In a nutshell, the market rate dropping is a good thing. [You can see the Official CBI Dinar rate and the CBI reported Market Rate in the Dinar Guru Resource bar on the left side of this page]
2-20-2017 Newshound Guru Breitling What’s the deal with the math with Iraq? Take a look at this…look at their economy now. How much oil are they producing compared to how many people they have and the market prices. Now go look before the first gulf war. They are producing more. There are more people in the world buying oil so the whole thing is bigger. But their currency is at a tenth of a penny? You think that’s the market rate? Are you blind? This is for the people who are not in this investment…how blind are you? Obviously the currency is artificially held down…Go by the math. All the math is there. All the proof is there. You don’t need to have doubts. The question is, when is this going to happen? Everything I talk about is based on principle..it’s the numbers…It’s everything. Fortunately, I didn’t come up with those numbers. Guess who came up with those numbers? The Ministry of Finance. The Ministry of Planning. The parliament. the CBI. That’s what you need to worry about.
2-20-2017 Newshound/Intel Guru BGG "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." ...the agreement represents an important signal to the international arena... BOOM!! they are providing assurances, protections and a way in and out for international investors. these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.] yes, which BTW...was more than a little shocking to me. It appears the UN is much more involved I imagined.
2-20-2017 Newshound Guru wmawhite Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so. HUGE...well as important bilateral and international conventions signed by Iraq and the number of States”... And where was this announcement made? the United Nations...The agreement was signed at the United nations.
2-20-2017 Newshound Guru Aggiedad77 Article: "The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards." ...so how are they able to do this with a program rate...inquiring minds want to know. Big things are coming this week...listen to President Trump...watch what goes on...my glass is running over...and has been since Friday afternoon...cautiously optimistic...And....yes "Time is UP".
2-20-2017 Newshound/Intel Guru BGG ...much of the expectation we've all had - was directly inspired by Abadi and Alak. They are the ones telling us when they were going to "start the project"... whatever "delay" Alak commented on - seems to drawing to a close...the delay - appears to be the handling of Mosul. They expected this done sooner - it wasn't... looks like now it is. That's the key - AND, I fully expect some very good news coming out of Mosul this coming week.
2-19-2017 Newshound Guru Aggiedad77 IMO...there will be good come of this trip in many ways...watch for it...and with President Trump's rousing speech yesterday, it could likely be this week. IMO...if today's window slides by...I can see a window either being stretched...or a new one being opened until the end of this month...or to day...because events are happening so quickly...You aren't seeing all of what is happening IMO...what the media reports is only the tip of the iceberg with these meetings again IMO. [post 2 of 2]
2-19-2017 Newshound Guru Aggiedad77 Article: "Iraqi presence was influential and present through other meetings Observers believe that the Abadi succeeded in marketing the Iraqi issue globally and gain the trust and sympathy of .the participants in the conference leaders." It is my deep opinion that Abadi is meeting with more world leaders on this trip than just about any trip he's made in the last year...something is up...Something is astir with all these meetings...and the kingpin of them all his meeting with VP Pence...IMO he might as well been having a face to face with President Trump...that message being delivered by VP Pence was as good as it coming from Trump himself. [post 1 of 2....stay tuned]
2-19-2017 Newshound/Intel Guru BGG [...is HCL land boundries and alotment for oil?] HCL is (generally) referrred to as "The Hydro-Carbon Law" - AKA H.C.L. there are several variants. for a true HCL - it is possible they need to solve Article 140 - which will require a truely accurate census... (none of which will happen soon)...now - here's the good news...They have managed to "side-step" this whole issue by regularly "codifying" something of an HCL agreement in each and every annual budget...since 2015? HCL isn't so much land boundaries as it is - WHO GETS WHAT... in simplest terms...how much each bunch gets. But...they have handled it - in more of a technical "end around"... [...always heard no hcl no reval.] let me help you - that's bull ****.
2-19-2017 Newshound Guru Aggiedad77 the Iraqis are doing their part well with this last push of Mosul...all is good...the BEST is coming... the feeling I'm getting over the battle action in Mosul...plus the kinds of meetings that Abadi is having in Munich...plus the sheer numbers of meetings he's having...add that on top of Trumps HUGE speech yesterday...this plan IMO is coming together...It's been planned for the right moment...and I'm thinking it's definitely not months away, nor even weeks away...but we all know it's the ME...and they drag their feet in the sand...but Trump is a strong businessman who expects that anyone he works with to be prompt, professional, and to get things done...No more lollygagging like we've seen in the past...he knows what is needed and the results it will bring...it all is pointing in a positive way...it is a time to be searching for the nuggets that are thrown out...it may not be heavily announced...in the still of their night...watch for it.
2-19-2017 Intel Guru Frank26 Yesterday Mosul went from Medium Done to...Well Done...IMO.
2-19-2017 Newshound/Intel Guru BGG Article: "Iraq joins the transparency in the arbitration agreement between investors and states" Oh wow - they are REALLY BEATING THIS DRUM right now... Once international investment has both and way in and a way out - you can have "freedom of movement of capital" - AKA TRUE EXCHANGE...then the IQD will be able to move freely as well. They may not be "there" just yet, but they aren't far off. [You mean freedom as in some form of FREE MARKET ECONOMY!] in every sense of the word.
2-19-2017 Newshound Guru loop Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so. Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world... Now for the million dollar question. Is the investment law needed prior to an increase the purchasing power of the dinar? IMO...NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV...HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER...HUGE PIECE OF NEWS! [post 2 of 2]
2-19-2017 Newshound Guru loop Article: "Iraq joined the Convention on the transparency between investors and states" Quote: "National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York." What is very encouraging about...this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law...this is a very big tell. Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future? [post 1 of 2....stay tuned]
2-18-2017 Newshound/Intel Guru BGG Article: "Iraq joins the Convention on transparency between investors and the States" (the vitally important paragraph...) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”… I don't think I can stress enough - how important this is...and it may not IMMEDIATELY = what your timeline "wants" are - but it is BIG NEWS. Likely, THE TURNING POINT... Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”. I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3...HANG ON!
2-18-2017 Newshound Guru Aggiedad77 ...Prime Minister Haider Abadi, the Iraqi in Munich Security Conference...What message was VP Pence delivering to Abadi, likely IMO coming straight from President Trump...those are the true nuggets of this trip...will Abadi head back to Baghdad tonight on his own personal red-eye flight...has he been given the green light from the leader of the free world...to step Iraq into a new realm...That is what I watch for...it is coming...IMO.
2-18-2017 Intel Guru RayRen98 Up to 45 banks now (handling the dinar). Banks are openly accepting the Iraqi Dinar. As far as I’m concerned that makes it International. Even if not International, all we want is for banks over here to accept it. Other currencies started fluctuating this last week and we put that out there. I knew from past experience these are short windows. We are looking good, and feeling good. ...we wait for the ultimate trip to the bank...I believe we are very close. We are looking for things to unfold any time. We are close enough to know this rodeo is coming to an end, we just don’t know when.
2-18-2017 Intel Guru Dr. Clarke ALL of these time frames, can Change right now, at the drop of a hat, because of the serious turmoil, chaos and unpredictability being demonstrated in the world today, in what we describe as “The Perfect Storm”, now happening toward, and reaching a High Spot, the last week of February. However, we STILL see, these time frames playing out, with the highest of probabilities. There are cycles in place, that are powerfully being completed, and we see them happening, RIGHT NOW. If “The Perfect Storm” gets too severe, especially from Feb. 21 - 26th...it could delay things into MID APRIL…..but we really don’t think, it will...we still think, positive currency movements will take place. In any event, it will be very interesting to see where the Rates are, MID-APRIL, 2017, regardless. [post 3 of 3]
2-18-2017 Intel Guru Dr. Clarke VIETNAM: Very close, if not at the Same Time Frame (Feb. 26 - Mar. 6, 2017), it is our opinion, based on ALL our indicators, that Vietnam will Officially Print a NEW, significantly increased Dong Rate, which will be applicable country-wide...Then, an “OPTIMUM Exchange Window”, that will extend into the Late - JUNE time period (FEB. 26 - Late JUNE), of which, you’ll have many choices (Notice this is Longer than the Dinar Optimum Exchange Window. OPTIMUM being the key word). This is ALL purely our SPECULATION, based on current circumstances. We’re NOT going to speculate about “Rates”, at this time. [post 2 of 3....stay tuned]
2-18-2017 Intel Guru Dr.Clarke ...2 weeks ago...we said that “The Perfect Storm” was coming by the very end of February? ...In our View, this is what is about to take place, from February 21-28, 2017, and is already shaping up right NOW. IRAQ: In our view, and by ALL our indicators, we think Iraq will Officially Print a NEW, significantly increased Dinar Rate, which will be applicable country-wide, between FEBRUARY 26 - MARCH 6, 2017...then, a “6 Week OPTIMUM Exchange Window”, through to around April 16th will ensue, of which, you’ll have many choices. “OPTIMUM, being the key word”. (Use your discernment). The Middle East “REGION” will see more than ONE country’s currency significantly increase, simultaneously. This is an Important Trigger: We also see Iraq making a very important announcement publicly & officially, about ALL of Mosul being ISIS free of control, and Iraq’s improved Safety & Security (with details), on or before February 28, and thus in tandem with the new, official rate. [post 1 of 3....stay tuned]
2-18-2017 Intel/Newshound Guru Backdoc AS SOON AS "MUNCHKIN MAN" (Mr. Mnuchin) WAS SWORN IN HE HAS BEEN PROTECTED FROM THE MEDIA. WHY? BECAUSE WHAT HE IS WORKING ON AFFECTS THE DOLLARS' VALUE AND THE NEW TAX PLAN THAT IS SOON TO BE ANNOUNCED. WE WILL NEED TO SEE THIS ROLLOUT VERY SOON SINCE IT’S LINKED TO THE NEW BUDGET AND TAXES! REMEMBER, LAST WEEK THE U.S. TREASURY CONNECTED THE NEW DIGITAL DOLLAR TO THE DIGITAL DINAR AND YESTERDAY WE SEE THE NEW DIGITAL SWIFT PLATFORM ADMITTING THEY ALREADY CONNECTED TO 60 COUNTRIES! WOW! THIS PROCESS IS NOW IRREVERSIBLE AND IT’S TIME FOR OUR QUARTERBACK TO TAKE THE FIELD BECAUSE IT’S JUST ABOUT GAME TIME!
2-17-2017 Intel Guru Frank26 MOSUL...IMO...is done enough! ...it is done enough to put security and stability into the monetary reform. It is SO DONE … ACCOMPLISHED...that they said...they will put a BANK on the LEFT SIDE...in MOSUL. The MR is right in front of us. They are very, very close to raising the value. IMO...Iraq is international! It’s too obvious...but at a program rate...this is like the Goodyear blimp without helium.
2-17-2017 Newshound Guru Breitling ...Do you think President Barak Obama, President George Bush Jr., President Bill Clinton and President Trump and can get together and deem these note this value and then all of a sudden they are worth a buck? If you think they can do that and have the power to do that then you’ll buy anything. That’s not how it works. They still have to reduce the note count no matter what. No country in the last 100 years has gone outside those principles. This is very easy to follow. [Post 2 of 2]
2-17-2017 Intel Guru Bruce The reason was...the CIPS system. That has superseded the swift system. It was put together to allow wire transfer to occur in as little as 18 sec to 53 sec around the world...attempts...made to integrate the swift system into the CIPS system and make those two systems work parallel with each other in such a way the Swift system can operate at the same speed of the CIPS system...We have that system interrogated approximately 1:30pm EST [Thursday]. What does that mean? The timing was that system was to switch on in its activation at same time the intake for the Dong at the trial exchanges stopped. It wasn’t coincidence. Now we have the ability to do wire transfers all over the world and domestic transfer in the United States at lightning speed without delay, open transparent. The point I am telling you about this is that is to show you how close we are. [post 2 of 2]
2-17-2017 Newshound Guru Breitling One of the emails I get again and again is…”Did George Bush Jr. state that the Iraqi War was going to be paid for and that he brought over a bunch of dinar from Iraq?” There are two answers to this. No he did not. And it’s not provable. But it has nothing to do with our investment. Absolutely nothing at all. So we want to be as sure as we can about out investment…what do you do? You go back to parliament. What did parliament say to the IMF that they wanted to do? What did they say to the Minister of Finance on what they wanted to do? What did the Ministry of Finance say to the Ministry of Planning? What did the Ministry of Planning say the the Central Bank of Iraq? And then what’s going on with the currency? It’s that easy. There is nothing else to ask. [Post 1 of 2]
2-17-2017 Intel Guru Bruce We are in good a position that a lot happened to get us to Tuesday and a lot happened to get to us where we are now. A lot has happened the last 24 to 48 hours. What we heard is what we are going to call early exchanges on Vietnamese Dong. A few weeks ago same type thing going on with the dinar. My understanding this is it. The Dinar was done. The Dong was exchangeable at lower rates which I know were 39 cents to 56 cents per Dong. These exchanges went on for 23 hours and 35 minutes. Then they stopped abruptly. ...the opportunity was a short window today for a reason. [post 1 of 2....stay tuned]
2-17-2017 Newshound Guru firefly Article: "MONDAY, JANUARY 9, 2017 CBI adopts IBAN system" So as we can see, the banks in Iraq ARE prepared. [yep just when are they gonna do it?] We're just going to WAKE UP TO IT. Nobody knows the implementation date but I believe we are closer than we have ever been! [hoping right after Mosul.] I don't believe Mosul is an issue any longer...Mosul will NEVER be 100% secure. But...is it secure enough at this juncture to move ahead with the reforms? My opinion is YES. [It would be real fascinating if the CBI would show a International rate.] They will but it may show on the Arabic side 1st IMO.
2-17-2017 Intel Guru Delta [The TRUE RATE should show up on the CBI website any day! That website...has been empty...the remittance of their auctions and the rate.] Yes...it’s been empty. The remittances are a wire-transfer. They used to have a manual form. In the past if I wanted to send you 1 million dollars...I would have to fill out this form...give it to the CBI...with 24 hour notice...etc. Now...because of IBAN...for the last 6-7 days...the CBI doesn’t have to do things manually anymore. All electronic. We’re just waiting for the NEW RATE. Saddam manipulated the numbers. ...Dr. Shabibi...he said they that wanted to get around $2.80. The rate...if you go back to the 70’s and 80’s it was $2.80. $2.80 was planned by Shabibi and the CBI a long time ago.
2-16-2017 *** Dinar Guru Community News *** I'm saddened to report Newshound Guru Admin Bob passed away suddenly Wednesday . Our thoughts and prayers go out to his family and friends. He has been a fixture in the dinar world for a very long time and will truly be missed. The latest guru posts will continue below...
2-16-2017 Newshound Guru firefly Then we have IBAN. IBAN is different than the Swift system although it IS a part of the swift system. All of this is from the CBI! Iraq is still not listed on the IBAN site...Yet the CBI announced which banks will handle the IBAN...So what does that tell you. remember Swift is used between BANKS...IBAN (International Bank Account Numbers) is for the PRIVATE SECTOR for international transfers. The fact that banks in Iraq are READY for IBAN excites me intensely. I'm sure it also has the contractors and foreign companys excited as well...too many items lining up to ignore! [post 2 of 2]
2-16-2017 Newshound Guru firefly Article: "World Band preconditions "reconciliation" for supporting Iraq" Quote: "World Bank regional sources reported that it will grant Iraq its financial support in parallel with the reconciliation project after defeating Da'ish (ISIS) organization." I mentioned many months ago how important the National Reconciliation Law is to our investment! [How long will that take?] Still not transparent but many promises made according to articles that it is just around the corner. [post 1 of 2....stay tuned]
2-16-2017 Intel/Newshound Guru Backdoc LET'S FIRST REMIND YOU THAT LAST WEEK THE UST WAS IN IRAQ AND THEY HOOKED UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR... NOW TODAY WE ARE SEEING IMPLEMENTATION OF THE DIGITAL DOLLAR WHICH I TOLD YOU WOULD HAVE TO OCCUR PRIOR TO THE EXCHANGE OF ANY DIGITAL ASSET-BACKED CURRENCY! TODAY THE DIGITAL DOLLAR IS CONNECTED TO OVER 60 COUNTRIES! NOW THAT IS IMPLEMENTATION MY FRIENDS! THE FINAL STAGE IS NOW SET TO ROLL...WE HAVE A LOT TO BE EXCITED ABOUT BECAUSE NEXT WILL BE OUR TURN! [post 2 of 2]
2-16-2017 Intel/Newshound Guru Backdoc Article: "The introduction of the new service "Swift" for innovation in global payments" TODAY IS MORE THAN THE ANNOUNCEMENT ABOUT THE NEW DIGITAL SYSTEM...A FEW WEEKS AGO WE SAW A PREVIOUS ARTICLE ON THE NEW DIGITAL SWIFT SYSTEM AND THAT THEY HAD UPGRADED TO THIS NEW TECHNOLOGY. THEY HAD NOT OFFICIALLY IMPLEMENTED AT THAT TIME BUT TODAY, BOOM! IMPLEMENTED. I HOPE YOU UNDERSTAND WHAT THEY ARE SAYING HERE! [post 1 of 2....stay tuned]
2-16-2017 Intel Guru Frank26 Remember the article about the AIRLINES? They said...don’t accept any foreign currency...only the IQD. So...what did we see today in an article? It said THEY CANNOT do it...SITA is our program/computer and SITA will not receive as a form of payment with our existing dinar due to the flux of the dinar. The airlines were TOLD by the CBI and the GOI. This article was a PREMATURE STATEMENT! They cannot end using USD’s until they raise the value of their currency! Their program rate is still in the...SITA system. The only way to stop the problem...is to raise the value.
2-16-2017 Newshound Guru mike Article: "Parliamentary Finance: The government withdrew its $ 48 billion cash reserve" Now we're down to $40 billion in reserves and essentially, nothing's changed. I don't see oil prices surging back to $100 a barrel and terrorism is never going away. Iraq needs to course correct now, there's no more time to waste.
2-16-2017 Intel Guru Delta A lot of you are looking at the UN Operational Exchange Rates. That has nothing to do with Iraq. Iraq doesn’t have to wait until the next UNOP rate date changes. We believe that the budget was passed...and showed up in the Gazette on the 9th. Did you see the budget implemented yet? No. What are they waiting for? The only time you have to amend the budget is if you changed the rate. YOU SHOULD BE VERY EXCITED! The BAS News website ...that showed a rate...the newspaper took down those numbers...Where did those numbers come from? Software. At that time...they were testing the new rate. We continue to watch for the NEW RATE...that could happen ANY DAY...ANY MINUTE. We believe that in our hearts...this is our month... The TRUE RATE should show up on the CBI website any day! [post 3 of 3]
2-16-2017 Intel Guru Delta An article from the IMF...they say that every member nation...when they want to change their rate...the IMF has to know within 30 days of the implementation. These are NOT rumors! This is fact from the IMF website. The 30 days give you 3 windows...the 4th the 12th and the 17-19th...so we believe...this week...for Iraq to show the rate. It’s never happened before for them to remove the indicative rate for that long. Where does the indicative rate come from? This indicative rate comes directly from the IMF...they give that to Iraq... One of the memos that we found talked about the exchange rate. The CBI controls the market price...auctions and cash. The thing that can’t control anymore is the TRUE RATE! ...the CBI...they got the permission...we believe within the last 72 hours. This is NOT rumors! This is a fact from the IMF. [post 2 of 3....stay tuned]
2-16-2017 Intel Guru Delta The CBI and the program rate...what is going on there? January 2017 the CBI...all of the sudden the program rate was taken off. January 2, 2017...when auctions started...the spreadsheet...the program rate 1184...and then January 12, 2017...we watched it...they had an auction...the numbers disappeared. ...the program rate is gone...the spreadsheet...the indicative rate. Why is that significant? Articles from the CBI (long time ago) stated that they couldn’t have 2 rates in the same fiscal year. When the CBI and the GOI decide to come up with a TRUE RATE...that must happen in the beginning of their FISCAL YEAR...That should have been the 1st week in January 2017. It didn’t happen at that time for whatever reason. They agreed not to postpone. The meeting on January 17 to 19th with the IMF...everyone involved...everyone was there...and we believe that that date was a high possibility of them getting the green light to lift the value. [post 1 of 3....stay tuned]
2-16-2017 Intel Guru Bluwolf All things already talked about and expected to occur are now...coming into reality...and they will be revealed through a domino effect process, just falling into place one behind the other. As some whom have seen some recent screen rates sort of high, let me informed you that those are just placeholders for all the rates are still floating, but one thing is for sure is that the real rates will be much higher than seen by these folks. The turmoil of political events now in DC are being structured to delay our blessings but the guy with the Golden hair knows of that and is pushing forward...That is where we are folks as we speak. See you at the banks...
2-16-2017 Newshound/Intel Guru BGG Article: "Rasheed Bank grants loans to citizens of up to 30 million dinars" [...any thoughts on Rasheed bank starting car loans and buying Us dollars from citizens!] 1st - why would they loan money in an economy "like this" - up to... 30,000 USD. 2nd - who would want to get rid of their USD?? Seems like a real shift in perception of the IQD value on the street is coming...or at least Rasheed is forecasting one.
3-13-2017 Newshound Guru Kaperoni Article: "Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality" Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
3-13-2017 Newshound Guru Revbo Great progress made today by #Iraqi forces in #Mosul they end the day with a celebration dance. #Iraq's armed forces are only 200 metres from #Mosul's old bridge (will be the 3rd of the 5 main bridges to be liberated). [See Last week's map below on 3-8-2017]
3-13-2017 Newshound/Intel Guru BGG [Why would it be logical for Iraq's RVed rate to come out lower than Kuwait's current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical - except oil resources and prices have zero to do with currency valuation - according to the IMF... Further - since the very definition of "currency" is a "promissary note" on the economy of a country. Truthfully - it's going to be what the world - ie, IMF, UN, WB wants it to be...since...each currency is limited by boundaries of acceptance. In Iraq's case - it is not internationally traded and therefore not accepted. ...is this on the horizon - it sure looks promising... however, Iraq could "price" their currency at whatever they want... without international acceptance and support - who would buy it?
3-13-2017 Intel Guru DAZ [...do you know how long the timeframe of the revalue of Kuwait and its conception to end of public announcement?] CONCEPTION MAY HAVE TAKEN YEARS TO IMPLEMENT...I THINK I REMEMBER THE RATE ONLY BOUNCED A COUPLE WEEKS AFTER REACTIVATION...AN RI WOULD HAVE BEEN IN THE .84-1.14 RANGE IN COUNTRY WITH A CALCULATED EXTERNAL RATE AT $3.22.
3-13-2017 Newshound/Intel Guru BGG Articles: "Mosul .. Iraqi forces predict the 'big wins' within hours" "Mosul war will end very soon .. and Abadi called on Iraqis in Germany to return to their homeland" "Jubouri Macgork: Today suitable conditions for a comprehensive national reconciliation" So there are a few juicy headlines... I am still amazed at everything going on over there - and people still (as late as last nite) e-mail me boo hooing about how it hasn't happened yet. I just comment on it - the mass of incredible news is just stunning. Iraq is moving forward with great speed. [We haven't had any formal news from the CBI over the last few weeks about the delete the zeroes program, are you still of the impression that they are going to go ahead once Mosul is finished?] I can only go by their most recent commentary - all looks good from what they have said. Once this security "check box" is filled - we'll have to see what they do.
3-13-2017 Intel/Newshound Guru Backdoc [IMF taking Iran through the SAME procedures as Iraq... for their "monetary policy"...Iran has begun the steps of transparency with the IMF...] YES... BUT QUITE FRANKLY IRAQ IS THE GOLDEN CHILD. THEIR WEALTH IS BEYOND COMPARE. JUST WAIT TILL THEIR MINERAL MINING GETS ROLLING, WOW! IMO.
3-12-2017 Newshound Guru Phillyman I'm hoping that behind the scenes there is alot going on that we are clueless about to keep Iraq going in the right direction. It is hard to imagine that so many countries would pour so many resources into Iraq without being pretty certain of it paying off.
3-12-2017 Intel Guru ADMINBILL RED ALERT STATUS...THERE IS MUCH GOING ON. WE MAY BE LOOKING AT THE END GAME THIS WEEK.
3-12-2017 Intel/Newshound Guru Backdoc WE KNEW BY THE ARTICLES WE STUDIED THAT WE WOULD GET TO THE COMING DAYS BUT WE HAVE TO SEE IF FOLLOW THROUGH IS THERE... IT DOES APPEAR LIKELY.
3-12-2017 Intel/Newshound Guru tman23 Post Mosul...What does the Iraqi government have to offer the citizen? What immediate services can the GOI provide? IMO...THE HEADS OF IRAQ MUST DAZZLE THEIR PEOPLE WITH SOMETHING MORE THAN TALK ABOUT A GREAT FUTURE...IT'S TANGIBLE TIME, SOMETHING THEY CAN PUT THEIR HANDS ON... Abadi promised them all a raise retro active back a full year when he became the PM...Never knew where the $$$ was coming from then... The people do not believe in their government or their country. IMF says on their website that a countries currency can have a major psychological affect on it's citizens...We shall see !!
3-12-2017 Intel/Newshound Guru Mnt Goat Article: "Economist reveals: Iraq has "huge" sums of money in secret bank" Quote: "Iraq has large numbers of funds in Swiss banks, to be returned to Iraq, its importance , " ...it looks like they are going to use the leverage of the ability to open a Swiss embassy with getting this money returned to Iraq. Seems Iraq is just finding money everywhere!
3-11-2017 Intel/Newshound Guru tman23 Article quote: "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday." SOME SERIOUS PLANNING GOING ON...OIL MAN TILLERSON MEETING WITH Al-Luaibi...THE CALL FOR ABADI TO GET TO WASHINGTON AHEAD OF SCHEDULED DATE...IMF MEETING TAKING PLACE WITH IRAQ...THEY HAVE A PLAN ROLLING OUT...LETS JUST HOPE IT INCLUDES US AND 3 ZEROS.
3-11-2017 Intel/Newshound Guru Backdoc ABADI IS IN THE U.S. ON THE 16TH. THE G20 MEETS ON THE 17TH. ON THE 21ST IRAQ HAS A PUBLIC HOLIDAY. MMMM WHAT A MONTH THIS IS TURNING OUT TO BE AND I'M SURE THERE WILL BE MORE IMPORTANT HAPPENINGS TO FILL IN THESE WILD MARCH DAYS! THE COUNTDOWN CLOCK MAY HAVE ALREADY STARTED. TIME WILL TELL SOON ENOUGH! IMO.
3-11-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq aims to drive Islamic State from west Mosul within a month" ...there are three weeks remaining to March. So their prediction is to early April to clean out western half of Mosul. I’d say they are not doing too bad in meeting their target date for end of March. So it might slip by a week or even two weeks.
3-11-2017 Intel Guru Frank26 Article: "U.S. Secretary Tillerson meets with Iraq’s oil minister in Washington" Good to see this confirmation today. IMO ... This escalation is very good!!! IMO ... Moved to the 16th. IMO ...May move again.
3-11-2017 Intel/Newshound Guru tman23 HOLD ON TO YOUR SEAT... "WASHINGTON,— U.S. Secretary of State Rex Tillerson met with Iraqi Oil Minister Jabbar al-Luaibi at the State Department on Friday. Al-Luaibi did not comment on questions from reporters about U.S. oil investment in Iraq." “Mr. Minister, are there plans to expand U.S. oil investment in Iraq?” one reporter asked. Tillerson extended a handshake to the minister and said, “welcome.” Reporters were then quickly escorted from the room." AND THEN... "Iraqi Prime Minister Haider al-Abadi has expressed a willingness to make a visit to Washington ahead of an earlier date, which had been set for the week of March 19..." KABOOM! The reschedule comes at the request of the White House...ABADI GOING TO WASHINGTON EARLIER THAN SCHEDULED.
3-11-2017 Intel Guru ADMINBILL THERE IS MUCH GOING ON. IT APPEARS THAT WE ARE LOOKING AT THE END GAME NEXT WEEK RATHER THAN THIS WEEK SO I AM PUSHING BACK OUR ALERT TO MATCH THAT ASSESSMENT. COULD IT STILL HAPPEN THIS WEEK? MAYBE BUT I AM NOT GOING TO GET YOUR HOPES UP.
3-10-2017 Newshound/Intel Guru BGG Anyone recall how many days it's been since the CBI website went without updating the daily rate? [They went from January 4th up until a couple days ago, so like 45 business days or so.] Kinda' weird how they just started updating the CBI website again - after something over 45 days? Wow? No change in status - of course...just really weird.
3-10-2017 Newshound Guru mike I don't see a rise to the $3 range for years, they've got to much work to do. Am I frustrated? No. Do I call out the ignorance that is displayed by the GOI when I see it? Sure! But that's what keeps me level set in this deal, I don't get excited about one or two lines in an article from an economist, been there done that...but I also feel like this investment will turn into something once they get the foundation built, they drop the sectarianism and fix the corruption...IMO.
3-10-2017 Newshound Guru Enorrste It is natural for those of us who have been in this game a long time (over 10 years for me) to get frustrated now and then. I am confident that we will make a significant profit within a reasonable period of time. I am 68, so that "reasonable period" isn't that long!
3-10-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" ...one of the reasons the dinar will rise gradually is that the CBI can profit as it rises. The buy/sell of the dinar creates commissions. It is those commissions that will replace the revenue the CBI seeks when it ends the daily auctions.
3-10-2017 Intel Guru Bruce let’s talk about where...believe where we are right now, and why it is conceivable to believe we could be there tonight or by tomorrow [Friday]. Iraq is really under way with their whole program right now. They did receive the loan from the UK a few days ago, and that put them over the top. We are looking for a visit from Prime Minister Abadi. We are basically I believe hours and a day away from getting underway and getting started with what we have been waiting for all this time. We are right there at the very end. I am excited. I think everything is going to be awesome this weekend...
3-10-2017 Newshound Guru MadDScout [...if the budget is starting to be opened, will they be opening it with the new rate?] Rate is something subject to conditions needing to be met not something already in the budget.
3-10-2017 Intel/Newshound Guru Mnt Goat I never said I expected the RV for later February. I did however point out to everyone the information given to us from Iraq was pointing us to a possibility of restarting of the “project to delete the zeros” and thus this leads us to the RV in late March. Remember their words not mine! The CBI also stands still with EARLY 2017. They have not told us otherwise. So what timeline does the information in the articles point us to now? Since the fighting with ISIS is in fact taking the extra 3 months, as the US generals predicted it would way back in December of 2016...I would have to say they fully intend to have this mess cleaned up by the end of the 3 months and that puts us at the end of March. This is not my prediction but from what THEY ARE TELLING US. Could it change? Sure and it might but all we know is what they tell us.
3-9-2017 Newshound Guru Kaperoni Article: "The appearance of Mohammed Saleh: the central bank has a big role to emerge from the financial crisis for the country" There is no private sector without opening the banking system to the world. Simple as that.
3-9-2017 Newshound Guru Aggiedad77 ...maybe the IMF was requested to stay for this extended time period to help Iraq...after all President Trump has told Abadi we will be there to help you in any way possible...meaning of course not just the military...Iraq needs to do something they have never done before IMO...they are about to revalue their currency...they have to be extremely nervous and don't want to be taken further advantage of...so who do you call...well Big Brother of course, President Trump has all this help lined up...maybe the IMF is holding their hand to help them push that RV button in the proper fashion...the IMF is there checking all the systems and they are a go...will it take a full two weeks...heck no...Abadi leaves on the 19th for DC...will it happen before that...the CBI has this in the bag...they know...the BEST is coming. [post 2 of 2]
3-9-2017 Newshound Guru Aggiedad77 ...we read that the IMF is meeting with Iraq starting yesterday/today...and running for 2 WEEKS...in the past their reviews took one day...maybe two...but why would they need to meet for so long...Maybe the first couple of days are to get the usual paperwork out of the way...so where does that leave Iraq...they seem to be "mopping up" Mosul and some of the outlying areas...that says a lot, we see proof the Iraqi's are willing to chase DAASH across country borders... ...they got IBAN up and going, with WARKA getting up to speed their banks sit nice and pretty now...Abadi turned files on corruption (M) over to the ICC...he has an open invitation for countries and investors to come in...so what is likely taking two weeks of meetings with the IMF. [post 1 of 2....stay tuned]
3-9-2017 Intel/Newshound Guru Mnt Goat "Iraq -- Iraq: Letter of Intent, Memorandum of Economic Financial Policies, and Technical Memorandum of Understanding, June 19, 2016" "Upcoming 3rd Review in June 2017" Quote: "Approval by the Council of Ministers and introduction to Parliament of an amendment of the Investment Law, or issuance of clarifying implementing regulations by the Ministry of Finance, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction." They must eliminate restrictions that hinder taking profits out of Iraq or businesses will not come into Iraq. It is the “exchange restriction” currently in place that is an major obstacle such as in the sanctions mandating the conversion of dinars to dollars to do business with the outside world. This is not free flow of capital. I think this amendment is already passed in parliament according to the news. Quote: "Improve the business environment by eliminating restrictions for current international transactions." wow! I think this is already completed ahead of time according to the articles in the news.
3-9-2017 Newshound/Intel Guru BGG [how is investment?] The investment is doing just fine - glad to be in it. No need for "secret intel" sources. This is getting good. Alak (that would be the Gov of the CBI) and Abadi (that would be the Prime Minister of Iraq) were both "forecasting" the start of economic and financial reform as soon as ISIS was defeated in Mosul - they were believing this would have happened in Jan - Feb...BUT... their optimism is still real - "first part of 2017" is still accurate - this appears to be a foregone conclusion, ISIS gone - MR started. So - we're good...and appears to be happening as we speak...
3-9-2017 Intel Guru Frank26 IMO...the GOI...is also making some very big moves right now. Ever since January 16th...when Allak said they would lift the value after Daesh...I believe that DEAL was dealt with last Friday...that’s in my opinion. All of this information is now coming out...because they postponed what we are looking at...HUGE MOVEMENTS are taking place...picking up SPEED...this things has legs! The CBI was put in a position...TO FLY! And the speed of what they want to do with their reforms...I believe it will become very evident this month (March). [post 2 of 2]
3-9-2017 Intel Guru Frank26 I told you...and I will not back away from it...once we have Mosul...we have security and stability...and once we have that...the MR will pick up speed... ...we suggest to you that the most important thing to pay attention to was the CBI. We’ve been watching the Central Banks and the UST... The UK just signed some documents...giving 10 Billion Pounds to Iraq --- (ever seen that done before?). IMO...that is evidence of documents signed...and IMO...the UST was involved. This has put Iraq into position for many things. International Bonds...perhaps...to sell pretty soon. IMO... Iraq is in a position NOW to start doing a lot of INTERNATIONAL work. Remember...if Iraq was able to sell bonds..who would buy them...AT A PROGRAM RATE? The answer to NO BODY! Yet...some DEALS were made with specific countries. [post 1 of 2....stay tuned]
3-9-2017 Newshound Guru Enorrste The result, of course, will be an enormous upward pressure on the value of the dinar as new investment money comes into the country. You can rest assured that most of the “Fortune 500” companies in America, not to mention others around the world, will want to “stake their claim” in this market as soon as the proper conditions permit. That time frame has been given in this article: sometime in the fourth quarter of this year. I expect the float to begin late in the third quarter or early in the fourth quarter. I expect the money supply to fall with the rise in value of the dinar. Then I expect a cascading effect as more and more new money floods into Iraq for investment, thus putting even more upward pressure on the dinar value. Within two or three years we should see a world reserve currency emerge and be poised to take our profits. [post 3 of 3]
3-9-2017 Newshound Guru Enorrste The next phrase that struck me is “the adoption of advanced banking technologies adopted by the biggest banks in the world.” This phrase emphasizes...that this article is clearly stating that Iraq will be opening the dinar to the world market by the end of this year. Following along with that...is that this will only happen if they also float the currency. This is where our investment will begin to pay off for us all. ...this will have to be at least initiated prior to the end of this year. It is a process that will take some time to implement. It will be imperative that the CBI get the money out of the mattresses before allowing the value to rise too high in order to avoid serious inflation. This brings me to the last great phrase. That phrase is “the entry of active cooperation with the world’s largest companies.” Once this new high-tech banking system is in place we will see the “Wild West” that KAP [Guru Kaperoni] and I have described many times over the years begin to occur. Investors all over the world, and in particular “the world’s largest companies,” will leap at the chance to enter into this essentially untapped market. The guarantees (insurance) and electronic security provided by a state-of-the-art banking system akin to that used by the most advanced countries in the world will be a huge magnet for these mega-companies to get their feet wet in the Iraqi market. [post 2 of 3....stay tuned]
3-9-2017 Newshound Guru Enorrste Article: "Central: financial sector management electronically end of 2017" There are four phrases in this article that got me excited...The first is the phrase “in the best world systems.” What this means is that the IMF is bypassing older and more traditional methods of change and are instead moving Iraq to the “front of the line” in terms of technological development. This is consistent with Saleh’s statement made years ago that the dinar would become a “world reserve currency.” When your banking system is among the world’s best that means that you are poised to move directly into the world foreign currency exchange market. But the next phrase is where Saleh’s statement about the dinar become a world reserve currency gains some credence. That phrase is “helps to pull the money supply of homes to the banking sector.” We have read over the years that this is a major concern, namely, how do we get people in Iraq to pull their dinars out of their mattresses and put them into the banking system? It seems evident from this phrase that this is intended to do just that. Now, the connection to Saleh’s prediction about the dinar becoming a world reserve currency is that as these dinars come out of the mattresses and into the banks they can be destroyed by the CBI, thus lowering the overall money supply, allowing the value of the dinar to rise. The rising value of the dinar, given their high relative reserve position, will ensure that the dinar will become one of the strongest currencies in the world. [post 1 of 3....stay tuned]
3-8-2017 Intel/Newshound Guru Mnt Goat Quotes: "Iraq in the forefront of countries that initiated legislation important laws in international standards in this area." "Talks during the meeting dealt with the mechanics of opening accounts in Iraqi banks in US banks for the purpose of facilitating the foreign trade of Iraq, in addition to opening up to the wider world." can you see now how the new banking practices; the implementing of the new anti-money laundering and anti-terrorist funding laws are all going to place Iraq in a very good position to get back their currency, thus continue ahead with the “project to delete the zeros”
3-8-2017 Newshound Guru Adam Montana [adding to the previous question... what three 0 notes do you think they will want to take out of circulation? Do you think there is any chance they will not be taking the 5,000 note out of circulation?] My guess would be that the first to go will be the 25,000 and 10,000. Followed within 6 months (at most) by all the rest, to be replaced with the new issue. [post 2 of 2]
3-8-2017 Newshound Guru Adam Montana [When they revalue it, no matter what number it goes to...Let's say it's .10 cents hypothetically. I think everyone pretty much agrees it will still rise from there. If that's true, will they announce to the dinar holders that there is a certain amount of time to exchange yours? Or will that time limit be a mystery to everyone?] I do agree that it will rise, especially if they start it at $0.10...that said, it's impossible to pinpoint which notes they will call in first, or how long they will allow the "old" notes to remain in circulation. Other countries that have re-denominated have used 90 days. I think it's reasonable to think we can expect that much time, but there is no guarantee on that. [post 1 of 2....stay tuned]
3-8-2017 Newshound Guru Revbo Here's where the fight is moving into now. Old Mosul. This is the Alamo for IS. They have most of their remaining fighters concentrated there, and the Grand Mosque is located there. When that is captured, it's the final blow for IS. It's only a matter of time, as a US general stated today when he said, "The game is up," earlier today, and if I'm betting, I'd say Iraq controls Old Mosul by Saturday, given the progress they have been making in similar terrain over the last few days. Article quote: "The Iraqi forces have liberated 47 areas, neighborhoods and villages in 16 days..." It's gonna be ugly, but it is inevitable at this point that IS will be exterminated in Iraq in the near future. [To compare map progress, see Guru Revbo's map posts on 2-25-2017 and 2-28-2017 below]
3-8-2017 Intel Guru RayRen98 We are basically waiting. All the important things are done and agreed. We still have to wait, but the wait is almost over. Mosul is in the news again...We’ve seen tweets from high levels welcoming PM Abadi to liberated Mosul. It’s only a matter of time before we get the official news of the liberation. Then national reconciliation should magically appear, with revaluation of the currency...We just don’t know the date, but it has already begun, it’s already in progress and in effect. We’re just waiting for that full public release. ... it’s coming. I think this ride is over.
3-8-2017 Newshound Guru Adam Montana We have no HCL as I type this, but that's subject to change, and hopefully a very soon change. I'm very optimistic on an actual HCL (LAW) coming through possibly even this month... I love the articles that are coming out now...If the recent activity, and the HCL news coming out right now, are not enough to get you feeling at least a tiny bit excited... you may want to check your pulse.
3-8-20-17 Intel/Newshound Guru Mnt Goat Article: "Published: 13:01 May 1, 2013 Kuwait City: Kuwait has received $2.43 billion (Dh8.92 billion) in war reparations from Iraq since the start of the year and is still owed another $11.2 billion, a senior official in the Gulf nation said on Tuesday." ...this article goes back to May 2013, so I believe the payment of any more war reparations to Kuwait is now completed with the recent March 2017 payment of 9 billion. This is such very good news for us….!!! I am excited. One more obstacle cleared for the RV!
3-8-2017 Intel Guru Bruce I am really at a lost where we are now and why it has not gone. The only thing I can think is it may have to do with the announcement of the liberation of Mosul. I know Mosul is basically pretty clear right now. It is liberated. ISIS has been dealt with. ...when the President made the announcement of with the new travel ban...Iraq was not on it. Iraq was lifted off the travel ban... Sunday the Iraqi dinar rate of $3.64 as an in country rate was published in the Gazette...Our understanding was that sometime yesterday or today we would have a rate published and seen on the CBI website... Iraq is on their way.
3-8-2017 Newshound Guru Kaperoni Article: "Central: the auction of the currency, "a transitional entity" and the need for him is still ongoing " The good part about this article is that they refer to the auctions as a "transitional entity" which to me only means that they plan to float the dinar and make it internationally convertible and traded. Only such a move would give the CBI an alternative source of revenue via commissions.
3-8-2017 Newshound Guru loop "REACT controls on the main court of the organization and the Central Bank branch in Mosul" THEY RETAKE THE MOSUL BRANCH OF THE CBI AND THEY ARE READY TO ASSESS THE DAMAGES SO THEY CAN REPAIR IT AND OPEN THE DOORS.
3-7-2017 Newshound Guru BGG Article: "Warnings of severe deterioration of the dinar after the appetite for dollar" This is an OP ED piece...Opinion of writer only...no guarantee of veracity... the big take-away for me was - the author points out a few things that are HISTORICALLY accurate - then says - IN ESSENCE, you can fix it all with currency reform. Quote: "...in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that's what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems..." "...CAN - SOLVE - A - LOT - OF - PROBLEMS..." BOOM!
3-7-2017 Newshound Guru Kaperoni I know many do get it..but some still cannot grasp and think the dinar must RV prior to investors coming to Iraq...when the reality is...it is a tool of the CBI to counter the inflationary pressure creating by the very investment we expect to see...."to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”.
3-7-2017 Newshound Guru tlm724 Article: "Adviser at the Central Bank of Iraq overcome the financial crisis and will become the country's foreign investment" Things are progressing nicely for Iraq. Stability is close at hand! IMO the currency reform is on the horizon. The CBI keeps on keeping on, making the needed adjustment to policy to make things right to go forward.
3-7-2017 Newshound Guru Shredd Article: "Central Bank: the financial crisis behind us and the next few days are promising" Quote: "Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction after the devastating cities recovered from Daesh." This is a great reminder of the wealth Iraq has and the interest from foreign investment. "Iraq will become a country of foreign investment" -- that is for sure and as note, that will become a huge part in the rebuilding of the country. In this same period of time, the stability that is sought by the CBI for their currency reform can then move forward. ...this is not an "If" but a "When" regarding the legal tender, globally accepted dinar to become the primarily used currency of Iraq. The immense amount of progress in the banking and investment laws, the protections for investors, the banking customer vetting via KYC, the project to remove the zeros and so many more accomplishments all still stand. None of the progress the CBI and the GOI have made to mature from their past dictatorship have been repealed. Progress has been and continues to be forward.
3-7-2017 Intel Guru Frank26 Last week...they made a FINAL decision on their economic reform and monetary reform...and I believe the strike in Syria had a big impact with that. We are AT THE END of this postponement of this! The IQD is about to become an INTERNATIONAL CURRENCY... You saw the market rate...down to 2%...that’s in compliance...! They are to improve their exchange rate...and remove the usage of foreign currency...THIS IS A SOLID EXAMPLE of what is happening. Their need for a policy to RV is NOT a theory...it is a plan...which they are doing right in front of your eyes. All the financial articles from the CBI are coming to life NOW! [post 2 of 2]
3-7-2017 Intel Guru Frank26 I’ve told you before...a flag in the heart of Mosul, planted by Abadi...then you will see the monetary reform. Iraq continues to advance into Mosul...and...a bonus...“Raqqa – which is in Syria”. Iraq can offer a VALUE of security and stability. This value is represented by that INTERNATIONAL strike within Syria. Today...the WORTH of Iraq is more realistic...that’s what the world is watching/wanting. The strike on Syria was BIG news! In January 2017...we had an announcement from the CBI...where they claimed that once the battle in Mosul was complete...they would advance in their monetary reform...but then he went on the say that it was being postponed. [post 1 of 2....stay tuned]
3-7-2017 Newshound Guru Islandg1211 Many of us were hoping that Trump would speed up the RV. He may not have done that, but rest assure he isn't going to let it be delayed. He's put pressure on getting rid of ISIS both in Mosul and in Raqqa. The RV needs, IMO, in this order: 1) Mosul (and then Raqqa) 2) National Reconciliation Law 3) Day of Celebration for getting rid of ISIS and coming together politically 4) HCL 5) RV with no announcement nor fanfare. Trump certainly could try to push a settlement politically quicker and get the RV done sooner. But, for right now, it looks to me like my prediction of mid-summer with my list of things getting done prior still stands. In January, I posted these same thoughts, and I don't see anything new to amend my opinion on the RV date of mid-summer with a rate just above the USD, around $1.13 (the high end of the original Ernst and Young appraisal of the Dinar.) [reference Guru Islandg1211 1-26-2017]
3-7-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Currency reform should start well before end of year IMO. [reference Guru Kaperoni post 3-5-2017]
3-7-2017 Intel/Newshound Guru Mnt Goat Article quotes: "...Iraq received 18 billion dollars from the International Monetary Fund (IMF) on installments...9 billions of this figure was paid to Kuwait for 1990 war compensations. ...she added that Iraq signed an agreement with the IMF to reform the financial system in the country. Iraq will receive this amount on three future installments." ...Iraq still owed just about 9 billion in war reparations... I believe this concludes the payments “in full” to Kuwait for war reparations. This is huge news! I believe it brings us that much closer to getting out of sanctions for Iraq...much closer to the RV. They will need this to conclude the CURRENCY REFORM process.
3-6-2017 Intel/Newshound Guru Backdoc I BELIEVE THERE WILL BE A FEW COUNTRIES THAT WILL GO AT OR VERY CLOSE TO THE SAME TIME AS EACH OTHER. THIS IS ONE OF THEM! ...I ASSURE YOU THE IMF IS NOT GOING TO LET DOUBLE DIPPING OCCUR SINCE IT COULD DAMAGE ANOTHER COUNTRY'S CURRENCY! THERE WOULD BE DAMAGE DONE, THEREFORE THE COUNTRIES THAT HAVE A MAJOR MOVE TO THE UPSIDE WILL LIKELY GO TOGETHER TO PREVENT DAMAGE TO A COUNTRY'S CURRENCY VALUE. [post 2 of 2]
3-6-2017 Intel/Newshound Guru Backdoc IT'S BEEN AWHILE SINCE I'VE COMMENTED ON THE VND. VIETNAM HAS QUIETLY BEEN REDUCING ITS' NOTE COUNT THROUGH GOVERNMENT TO GOVERNMENT TRANSACTIONS WHILE AT THE SAME TIME BRINGING IN LOTS OF ITS PAPER NOTES. RECENTLY WE SAW A GOVERNMENT OFFER FOR THE PUBLIC TO BRING THEIR CASH IN EXCHANGE FOR TAX REBATES OR EXEMPTIONS FOR THE YEAR. THEY BROUGHT IN BILLIONS! THEIR ECONOMY HAS BEEN THE FASTEST GROWING GDP OVER THE LAST TWO YEARS! WITH CURRENCY SANCTIONS BEING LIFTED WITHIN DAYS, THE PRECEDING ACTIONS MEAN THINGS! [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru MadDScout Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." "marked decline by five thousand dinars to the category of $ 100." ...what we are seeing is the measures by CBI recently put in place to bring the dinar street rate in line with the cbi rate even against a strong dollar. Today they received 30 billion in loan assistance...18 from imf and 12 from Great Britian.
3-6-2017 Intel/Newshound Guru Mnt Goat I stated the need for the Iranian influence being neutralized in Iraq (including the ring leader Maliki and his goons) and this being a priority prior to any RV. This is all coming about now as we are witnessing events taking place in Iraq and moving closer to the currency reform.
3-6-2017 Intel Guru ScottiG A recent text I received from a fellow minister and friend indicated an across the board change in the value of the dollar in Iraq. One source in Kuwait and one in England had mentioned recent activity in the banking industry related to a change of value to the Dinar and I must believe the information was quite positive. One other source had stated emphatically that as of the end of last year, that it is done. Now I know this source is truly connected and so I questioned just how could it be completely done and yet we do not see the manifestation of the change in value? If we look at this under the perspective that often in America, something has been approved or voted into law and we may not see it implemented for months. Looking at the information in this light gives it a whole new light of possibility. [post 2 of 2]
3-6-2017 Intel Guru ScottiG [Long time no see...glad to have you back] ...It seems like forever since last I shared anything with my Dinar Family...part of my distancing was due to the state of affairs in Iraq. I have kept in the loop of information coming out of Iraq and DC and my best description of the state of affairs was that we would have to see whole scale change in many arenas. Now I can state that we have and are seeing those changes unfold before our eyes. Regardless of your political preference, the change that transpired in Washington January is the best thing that could happen for us to see the launch of a new exchange rate for the IQD. A... dear friend of long standing...‘The Banker’...whose specialty is foreign currency, stated that until ISIS was removed from Iraq, we would not see the RV. I noticed in a recent post from...[Guru] Randy Koonce that he as well has commented to this stability factor. He remains a steady beacon in the night. [post 1 of 2....stay tuned]
3-6-2017 Newshound Guru revbo Article: "Iraq forces advance into Mosul city" ...the news is everywhere, this morning, that ISF has taken the second bridge, so they have at least secured the small district just to the west of the river, where the second bridge is, which gives them direct access to Old Mosul.
3-6-2017 Newshound Guru mike Article: "Central: financial sector management electronically end of 2017" Quote: "A new phase began espoused by Iraq of developing the financial sector is the adoption of a sophisticated system changes the shape of financial transactions and the entry of active cooperation with the world's largest companies," ...at some point action is required over rhetoric, for those of us who've been following these guys long enough we know talk is cheap in Iraq. Shabibi illustrated long ago that the GOI have to be willing dance partners for the open market to work and grow, without the legislative foundation the best efforts of the CBI are for naught.
3-6-2017 Newshound Guru loop [reference Guru loop post 3-4-2017] to follow this comment up - the very next day they same thing happened again. The street rate for the Dinar got another 3k per 100 USD stronger... looking more and more like a trend. Monetary policy (in the real world) is tightening up...and I point this out because...the culmination of what we are wanting to see is being forecast by numerous other, smaller moves - this being one of them. Corruption, International agreement, financial mgmt procedures getting better, security and stability. All happening now.
3-6-2017 Newshound/Intel Guru BGG Article: "Central bank: Iraq overcome the financial crisis and the coming days bode well" Quote: "...Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the reconstruction of liberated cities..." None of this can happen...without a serious shift in economic and currency policy. Just can't happen. They are back to "forecasting" as they were in late 2016...this time - the timeline isn't months or a part of the year...but it's "days" in their own words...NOT weeks, months or years.
3-5-2017 Newshound Guru Aggiedad77 Article: "Central: financial sector management electronically end of 2017" Here are a few things I've noticed with all the good news from today...so much talk about system changes that is a huge plus I am thinking...this article and at least one or two others have made mention of dealing with some very large companies and banks...in fact "some of the world's largest companies"...and "the largest banking technology companies in the world"...That all tells me that not [only] is Iraq serious about what is coming but also and this is UUUUGGGGEEEEE IMO...these companies on this grand of a scale are also seeing Iraq as a serious and probably very competitive entity at this time or they would not be looking in this direction...Large companies don't tend to waste their time on losing propositions...they are SUCCESSFUL...for a reason...they pick WINNERS...and IMHO Iraq is a WINNER who is about to step onto the top box to receive GOLD...in a number of ways I tend to believe.
3-5-2017 Newshound Guru Kaperoni Article: "Central: financial sector management electronically end of 2017" Quote: "...the current year will see in the fourth quarter sophisticated financially important is linking the banking sector..." This is a huge article! It appears to me that they are stating that this year they expect to open the banking system to the world. That freedom of movement and international transactions will begin. This to me, appears to be confirmation that during 2017 we will see the beginning of currency reform.
3-5-2017 Newshound Guru Aggiedad77 Article: "Iraq receives $ 18 billion from IMF" I find this highly interesting...especially the part about payment to Kuwait for war compensations...they owe Iraq [Kuwait??] $4.5 billion that had been deferred until this year...now they are paying them 9 billion of this 18 billion from the IMF that is just odd to me, unless that is perhaps an agreed upon "extra" amount for loss of properties or bodies not recovered...who knows...and the IMF stipulates they need to reform their financial system...that sounds much like the Monetary Reform to me...so be it...get with the program Iraq...make it so.
3-5-2017 Newshound Guru Revbo Article: "Central Bank: the financial crisis behind us and the next few days are promising" Sounds like they want to get things moving pretty quickly after Mosul is over, and nobody's coming in if they can't get their money out.
3-5-2017 Newshound Guru Phillyman Articles: "Iraqi command says a few meters close from Mosul government complex" "Iraqi forces control most of 2 western Mosul districts, pound Tal Afar" "Iraqi forces launch fresh push in western Mosul battle" "Iraqi forces near government buildings in Mosul as fight against ISIS continues" Obviously the timing of the Mosul operation being complete is all over the place but I wanted to put this quote from the first article here in case you missed it. This is the opinion of a Lt. General, Federal Police Chief: "He said the troops have become a few meters away from the government complex, adding that retaking that area could mean “a 80 percent strategic and moral victory in western Mosul battles”.
3-5-2017 Newshound Guru Adam Montana I mentioned in my weekly...update that I'm getting a bit giddy right now. There's a good reason for it! We are at a tipping point, and this is going to either make us some money, or we're going to be walking away soon. Either way, I think all of us will be happy. Either we make out like bandits or we just say "we enjoyed the ride", right?! Based on what I'm hearing from my people, I am leaning toward the bright side of it.
3-5-2017 Intel Guru ADMINBILL I AM ANTICIPATING AN ACTIVE WEEK. HANG IN THERE.
3-5-2017 Intel/Newshound Guru Mnt Goat Article quote: "Confirms al-Tamimi: that the rise in the inflation index, even though it was slightly It affects low-income citizens, because Mdjulath not enough to buy the same goods or services that were bought before, and therefore the purchasing power decline, which means more poverty and rising poverty rates." ...by a significant change in the value of the dinar this will raise the purchasing power of the dinar and slowly force out the lower denominations on the streets as the necessity for them will be realized greater and greater as time goes on. The movement out of the “closed economy” will then become a necessity and the use of the IQD dinar globally will be in high demand, thus driving the rate yet even more upwards...
3-4-2017 Newshound Guru loop Quote: Article quote: "The local market has seen a marked decline in the dollar against the Iraqi dinar and by five thousand dinars to the category of $ 100." marked decline by five thousand dinars to the category of $ 100. That is all it is saying. Not that the exchange rate 5000 dinar to 100 dollars. This is right in line with the CBI's statement made on Wednesday. [so what does that mean...?] It means that the CBI has put a system into place that allows them...control of the stability of the dinar in the market place. This systems removes the middlemen and gives them end to end transparency for all transactions. This is exactly what the IMF wants them to do. Very important move on their part.
3-4-2017 Intel/Newshound Guru Mnt Goat ...March is still within range of “Early 2017” and we have been told by the CBI that the project to delete the zeros will resume in EARLY 2017. It is a fact that part of this project is connected with bringing in a new rate to the Iraqi dinar. This is the tie in to the project. [post 3 of 3]
3-4-2017 Intel/Newshound Guru Mnt Goat ...there is an urgent necessity for Iraq to get off the program rate if Iraq is to see any real potential for economic growth, as they are telling us they plan for... We can also see the need for a steady rate of the dinar and more purchasing power. Having the dinar at a REAL rate and the rate gauged off the GLOBAL currency exchanges helps to ensure this stability of the currency. So does this mean regions must be fully liberated from ISIS? Yes, of course as this is not me alone telling you this. The CBI itself has told us this many times. [post 2 of 3....stay tuned]
3-4-2017 Intel/Newshound Guru Mnt Goat IS THE IRAQI DINAR INTERNATIONAL? Contrary to what many...are telling you the Iraqi dinar is not yet international. Many...believe it is already international simply because some banks are now once again selling and buying dinar... But is this really at the international level? NO! It is not. So the Iraqi dinar is NOT yet trading on the international exchanges at any rate nor will it until there is a reasonable level of SECURITY and STABILITY in the region. They can not and will not be allowed to list the currency on the international exchanges until certain factors apply. [post 1 of 3....stay tuned]
3-4-2017 Intel Guru Dr. Clarke In ADDITION, to this APRIL 1 date for Iraq, we believe, there will also be THIS: APRIL 1st - 10th. Vietnam could substantially raise the value of the Dong... [reference Guru Dr. Clarke post 3-3-2017]
3-4-2017 Newshound Guru Revbo Article: "IS Checkpoints Disappear in Hours in West of Mosul" Quote: "The disappearance of the checkpoints reflects the internal collapse of the extremist group, that started to appear obviously with the start of the battle to liberate western Mosul,”... I wouldn't be surprised to see Trump and Abadi together in Baghdad by the end of the month celebrating the liberation of Iraq. The difference will be, this time it sticks.
3-4-2017 Intel Guru ADMINBILL NO SPECIFICS BUT WE ARE LOOKING VERY GOOD THROUGH THE TUESDAY/WEDNESDAY NEXT WEEK. LOOK FOR MNUCHIN ANNOUNCEMENT NEXT TUESDAY. WE ARE IN THE GROOVE.
3-3-2017 Newshound Guru Aggiedad77 Maybe it's just me...but I'm thinking for a Friday that is an Iraqi holy day, we've seen a fair share of good news today as well as good moves on their part, especially with regard to Mosul and the progress being made there...plans of actions...actions put into play...we are moving forward...I think we've seen further confirmation of their intent post Mosul...post DAASH....in the right direction...the BEST is coming.
3-3-2017 Intel Guru Dr. Clarke HERE’S MORE on “WHY” at least 10 more days are needed...The Laws in Iraq, are being Changed with URGENCY, and many have already, (the necessary ones) which haven’t been publicly announced. (just a guess) The National Reconciliation, is being negotiated a little more, but not quite where they want it - YET...FYI, they already have the HCL figured out BIG TIME...like the last 2 years to seriously play with this thing. (another guess) There are a FEW more questionable politicians being removed & replaced (wink), WITH URGENCY...The Currency Auction must CHANGE. (It’s Current Form. Can happen QUICK. Planned) There are also a few key “MEETINGS” scheduled, ...scheduled, within our timelines, as well... ...THIS is the culmination and the ENDING, to “The PERFECT STORM”. ...WHEN? APRIL 1st. When IRAQ could Officially - Publicly - Substantially, increase the value of the Dinar country-wide, meaning in every province, territory (the Whole of Iraq). 1st week of April, the Dinar could be Exchangeable worldwide, as an Internationally accepted currency OFFICIALLY. This date marks the BEGINNING of the 2nd Quarter. The 1st Quarter is now over, and for all practical purposes, Iraq did what they said they were going to do, by deleting the 3-0’s, in the 1st Quarter 2017, but made it official April 1. We really believe, we’ll see the emergence of a New, substantially increased Dinar Rate, on this date. [post 3 of 3]
3-3-2017 Intel Guru Dr. Clarke We’re Now, going to outline a TIMELINE. This is our View, as it stands today, given ALL THE FACTORS, we have at our disposal, as of right now. FIRST, let us say, that Conditions are such, that there is a LOW Probability, of a new, substantially Higher Dinar Rate, presenting itself publicly, from Iraq country-wide (meaning in the entire country of Iraq), anytime during the next 10 days...and the same goes for Vietnam’s Dong... We said LOW probability over the next 10 days. Not impossible - just LOW...10% Chance. A much much HIGHER Probability, exists AFTER the next 10 days, which is after March 13th. ...90% Chance. Quite a Difference. WHY?: THEY need a little MORE TIME. About 28 Days from Today...and the Probability progressively gets much GREATER, as we approach the end of those 28 days. For What? When ISIS “In the REGION”, is secured to an AGREED UPON SAFE LEVEL, WHICH IS THE 1ST TRIGGER POINT (not just Mosul any longer. This Changed last weekend), FOR OFFICIAL RATES TO CHANGE, then many different AVENUES OF MONEY will be Released, pushed forward, enacted, launched...in a number of Ways, including a substantial currency (Dinar) Rate increase PUBLICLY & OFFICIALLY, particularly within Iraq. [post 2 of 3....stay tuned]
3-3-2017 Intel Guru Dr. Clarke ...we’re on the MOVE! This “Perfect Storm” has an ending in sight. There are SO MANY pieces to this “Perfect Storm” flying together, like Magic, as we speak, and it’s picking up Momentum...you can see it, just from the scanty little bit of military information being shared publicly, on Iraq & Syria...like we always say, there’s much more, and especially now, under the Pres. Trump admin., that’s purposely being “Silenced” on what’s MOST Important, for the Good of All...but what IS being shared, is very very deliberate...and Iraq, now being admitted for travel into the U.S., as “cleared & normal”, apart from the “Original 7 country ban”...should give you a Happy hint...One other small item to mention: The Value of the U.S. Dollar in Iraq, is noticeably dropping southward, as in “DOWN”...and the Value of the Dinar in Iraq, is noticeably pushing Northward...as in “UP”. Nice little “perk”, in the thick of things... [post 1 of 3....stay tuned]
3-3-2017 Intel/Newshound Guru tman23 "Kurdistan region,— Masoud Barzani said the Iraqi Kurdistan Parliament and presidential elections will be held in September this year." “There will be two elections in September: parliament and presidential,” Barzani said during an interview ...I won’t be a candidate myself." WHY IS THIS A FACTOR? TWO VERY POSITIVE SIGNS WITH ONE GLOWING IN NEON! AUGUST 2013 BARZANI CAME SPOKE OUT ON THE DINAR AND THE MENACING 3 ZEROS AND SAID HE WAS NOT LEAVING UNTIL THEY WERE LIFTED AND KURDISTAN COULD OPEN ITS ECONOMY...HE ALSO SAID HE WAS NOT LEAVING UNTIL KURDISTAN HAD ITS STATEHOOD...THE OPENING OF A FREE MARKET LEADS TO INDEPENDENCE...TOO MUCH GOING DOWN NOT TO THINK AGREEMENTS ARE READY TO SIGNED...NOT YOUR USUAL MEET FOR NATIONAL RECONCILIATION DISCUSSIONS OF THE PAST...i BELIEVE THEY MEET TO ANNOUNCE...AND SIGN...NOT NEGOTIATE!
3-3-2017 Newshound Guru mike Iraq is making great progress and will, in time, remove ISIL from western Mosul, it's invevitable. How long it takes is up in the air, if the US becomes more involved with troops and Apache action, it's definitely going to get done quicker. Abadi better have a plan, and not just for the country but the economy. We still need the banking, investment and open market legislation completed, all this talk about the currency and diversifying means squat unless they have the legal and economic foundations for success. If they unpeg today, I don't see how the dinar will gain value, if it had value now, they wouldn't have the MCP problem we have today. The auctions are the only thing propping up the currency. I'm cautiously optimistic Abadi will pull a rabbit out of a hat and get Parliament in line to pass the legislation and include the Sunni's and Kurd's in the government. If not, it's going to be one crises after another with little to show for it. Your move, Abadi.
3-3-2017 Intel Guru Frank26 Their Central Bank communicates with the IMF...and the CBI in 2015 they sent a memo to the IMF and said look...we thank you for the green light to lift the 000’s from our exchange rate...but we are studying the situation right now...and unfortunately as we know and you know...by law we cannot delete the 000’s...right now in the middle of this year 2015...so we are going to move everything to the early part of 2017. ...the acting governor of the CBI said very clearly in the articles...he said...I am trying my best ok but we cannot raise the value of our currency in the middle of the year...it has to be at the beginning of our fiscal year...the Monetary Reform is the deletion of the 000’s from the exchange rate...we have accomplished what we needed to do in lifting the 000’s from the streets...and we are at the start of 2017...and it is now time implement the Monetary Reform...and I think they are IMO... IOO...we are very close on the RV...there are no delays.
3-3-2017 Intel Guru Bruce ...what we are seeing in terms of Iraq, we have heard today [Thursday] as of 5am EST Iraq is exchanging currency in the Middle East with 4 or 5 countries at a rate of $4.96. It was really approaching $5. We heard a rate of $5.20, but I can confirm $4.96. Iraq is kind of doing their own thing. They started a few days ago on Saturday with a bond offering of a sovereign bond in Iraq $1 trillion offering. Four or five countries of the 23 countries that were offered it took advantage of it right away, which included France, Russia, United States, and others that took advantage of those bonds. What we are hearing of Mosul is positive. It was completely taken back. We are looking for an announcement of that. Things are being done and moving in a right direction. We are really in a good place. I look forward to...the start of a good weekend.
3-3-2017 Intel Guru Frank26 ...we believe Mosul is 100%. Very, very soon... maybe over the weekend...they should tell you that Mosul is liberated. So...we are looking at the CBI...we are looking at their actions / words. In the last few weeks...news from the CBI has been very, very good. IMO...with these conditions of Security & Stability being magnified over the last 48 hours...and the fact that the US Dollar rate is declining...declining to the IQD inside of Iraq...and IMO...they are floating their dinar to land at a certain point...to remove some zeros. The exchange rate...lifting of the 3 zeros is closing in. Iraq can lift the value anytime they want.
3-3-2017 Newshound/Intel Guru BGG Article: "Parliamentary Finance's "approach" to postpone the project to delete the zeros until further notice" Quote: "...Finance Committee in the House of Representatives announced the postponement of the project to delete the zeros that was planned years ago to apply until further notice." ...that almost has the "smack" of her pointing out that this WAS PLANNED - then POSTPONED until further notice. Which is...accurate...they aren't saying further notice isn't tomorrow, next week or next month either. Why would they be "rehashing" a decision that was put off back in 2012 - right now? Over a concept that is DIRECTLY germane to their forward economic progress. In fact...it is a little weird this is coming out now - right near the end of Mosul... or in this "first part of 2017 timeframe" - why now? I think it's obvious.
3-2-2017 Newshound Guru Adam Montana ...I have a couple of rumors that I'm holding onto. I had hoped to have a better confirmation on them before posting this... I do not have what I need in order to release it, so I'm sticking with my
original guesstimate of the rate. When I think about it, I hope I'm wrong and y'all are riding with me to a much higher rate! You don't want to see $3.14 any more than I do! But I'm a realist, and that guides my logic on matters like this...Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than the Kuwaiti Dinar will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so.
3-2-2017 Intel Guru Frank26 We all know the campaign we have been on for many months...in recent weeks we’ve been screaming ... “Give me Mosul!” We’ve said...“give me Mosul” and you’ll see the speed of the MR. The FINAL ARTICLES have told you they are going to do something with their exchange rate after the battle of Mosul is over. What did Abadi do with his new leadership? He created his own war (within the GOI/CBI) and got rid of those who were stealing money with Maliki. A liberated Mosul = CONFIDENCE! MOSUL = Terrorism gone! At least most of it. The only solution for Iraq’s success is for them to raise the value of their currency. The battle in Mosul...IMO...is very close to ending.
3-2-2017 Newshound/Intel Guru Randy Koonce Everyone needs to be watching events in Mosul. As security improves with the continuing advancement of Iraqi forces, and the liberation of Mosul announced officially by Abadi, that will be when our window is the Best. Iraq is looking for security from ISIS, along with the US advisors that are there. Security and stability really are the keywords. And based on recent news on Mosul, it is getting closer. So, to repeat: We are watching for an official announcement from Abadi that Mosul has been Liberated. Based on the information I have right now, once that happens, it should not be but a matter of days. Everyone with a say in the matter wants this to happen. We are close.. Every large bank will exchange...RELAX the RV is coming... [post 2 of 2]
3-2-2017 Newshound/Intel Guru Randy Koonce I have not sent out an updated report in a while because I have been waiting for another good window to open up. It looks like we may finally have one. If you have been watching reports from other gurus in Dinarland, you know by now that everyone seems to be gathering on the same page, once again. I want you to know that it does appear that conditions are coming together that are favorable for the RV to occur, hopefully for the last time. My various contacts are all telling me the same thing. We are very, very, very close right now. I would encourage you, before accepting any...announcement of a revaluation, to take the time to check at CBI.IQ to confirm that the rate has actually changed. You are looking for something along the lines of .289 in the dollar grid. If it says 1166 - No RV. However, if a decimal number, such as .289 or .256 (examples) appear - then you too have finally won the lottery! At least, that is what you are going to feel like. [You can see the official CBI rate and current market rate in the Dinar Guru Resource Bar on the left of this page] [post 1 of 2....stay tuned]
3-2-2017 Newshound Guru Kaperoni The spread in Iraq is dropping. Good news! 1250.
3-2-2017 Newshound Guru Adam Montana [ If the IQD/USD exchange rate and the IQD purchasing power is in fact not based on the price of oil, or the price of tea in China, then why do you think that we have to wait for a Hydro Carbon Law to be passed before an IQD RV ~ based on feelings ~ can be implemented?] You answered the question yourself, buddy! The HCL is exactly what will give the world confidence - good feelings - about Iraq and their ability to repay their debt.
3-2-2017 Intel/Newshound Guru Holly1 Quote: "Haitham Alaffas The central bank works to support the Iraqi dinar and reliable sources suggest the landing of the dollar to 122 in the next week" [what does 'landing of the dollar to 122 in the next week' mean?] IMO.. THE DOLLAR 122...NEXT WEEK GO DOWN...IN MY WAY OF THINKING...AND I DONT THINK LIKE A IRAQI...I WOULD THINK THAT IS WHAT HE IS SAYING ...IMO. FINGERS CROSSED...
3-2-2017 Intel/Newshound Guru Backdoc [Would IQD be the strongest currency in the world if it weren't pegged to our dollar?] UNFORTUNATELY, VALUE GLOBALLY IS DETERMINED BY THE DOLLAR, THEREFORE YOU CAN'T KNOW WHAT ANYTHING IS WORTH WITH OUT THE REFERENCE TO THE DOLLAR. SINCE WE AREN'T ON THE GOLD STANDARD THE DOLLAR IS THE REFERENCE OF VALUE FOR EVERYTHING. THIS IS WHY WHEN OTHER COUNTRIES WANT TO OFFICIALLY LAUNCH THEIR ASSET-BACKED CURRENCY THERE NEEDS TO BE THE NEW DOLLAR PUBLICLY TO DETERMINE WHAT THEIR VALUE IS. THE GOLD STANDARD WAS GIVEN UP LONG AGO FOR THE DOLLAR. THE DOLLAR DETERMINES VALUE GLOBALLY NOW! IMO.
3-1-2017 Newshound Guru Adam Montana I'm re-releasing my thoughts on the RATE. That will come tomorrow, and HINT! I am sticking to my older number, but there's a chance I'll be able to bump it up and be confident about it. No promises on anything more than my original rate though! [Since there are so many thousand investors (I am one) that are breathlessly waiting for the RV. What benefit is it to Iraq to pay out many millions upon millions of dollars to all of us? How can they possibly have enough U.S. dollars on hand for all those who are waiting for the RV?] Wow... I just spent most of the morning (4AM! I couldn't sleep) writing about this exact thing! Watch for my "RATE" post coming later this week. I cover exactly that.
3-1-2017 Intel Guru RayRen98 ...we have been hearing contradictory information, so I’m trying to confirm stuff because things can change in a minute. My last tidbit was that people were waiting for cards to be funded and activated on the new rate. Citizens are reporting that cards are funded, but at the same old program rate. Then last night, I heard something indicating the exact opposite, so we are trying to confirm which is true: old rate or new rate on the cards. The Iraq Stock Exchange opened today, and there were lots of rumors about what that means, whether a new rate is attached for bond purchases and stock purchases. As far as international status is concerned, there is no doubt the dinar is international... The laws are kicking in for the growth of the country and that is good for us. We are still waiting for the rate change. I like the information, although nothing really definitive to say this is the week. The main news we were focused on is Mosul, and they say that the city has been liberated, and ISIL is on the run. It all sounds good, and it all says to me “just a little bit longer; this ride is coming to an end”.
3-1-2017 Intel/Newshound Guru tman23 Iraq has been operating for years with a parallel rate...which is 2 rates...So much as the IMF told them back early 2016 to get off it... Now we are seeing that unfold as all banks in Iraq are connected to the CBI and in unison with exchange rate... YET we have not seen the CBI update the DATE on their website for indicative rates... Indicative--expressing simple statement of a fact. And with that thought, one can make the assumption that possibly the fact is the rate is no longer what the CBI has published on their site...therefore they have not updated the date...
3-1-2017 Intel/Newshound Guru Backdoc ...IRAQ TOLD US THAT THE UST WAS IN THEIR COUNTRY ON FEB. THE 8 th, AND THEY WERE HOOKING UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR. WE, IN ADDITION, HAVE WORD FROM THE SWIFT THAT THEY ARE NOW READY TO GO WITH 60 COUNTRIES. COMPLETION CAN OCCUR ANY TIME NOW. AND LIKE FRANK [GURU FRANK26] HAS SAID...TIME IS UP. WELL ALMOST AT LEAST. I THINK WE ALL WANT TO SEE MORE PUBLICLY ON THAT DIGITAL DOLLAR BUT IT MAY BE HIDDEN UNTIL LAUNCH. I THINK THE EVENTS OF MARCH WILL BEGIN TO UNFOLD AND MAYBE JUST MAYBE THE SHIA BROTHERS [IRAQ & IRAN] WILL FINISH THE RACE TOGETHER OR VERY CLOSE TO EACH OTHER. WE WILL SEE. THIS WILL SIMPLY BE AN EVENTFUL MONTH. HANG ON TO YOUR HATS, SEATS, AND TICKETS. IM ALL IN...IMO.
3-1-2017 Newshound Guru mike Article quote: "US President Donald Trump displayed after assuming the presidency of the United States, a project he called "the reconstruction of Iraq for oil" to the US House of Representatives." ...her comments alone add validity to the plan, if it wasn't real, she wouldn't squeal. Pass the laws, keep making progress on the MCP and get the dinar in Article VIII so they can finally begin the process of adding value.
3-1-2017 Intel Guru Bruce They have a new rate which is on their Qi cards/debit cards. Yesterday they started to pay not only the back pay at new rates, but also started paying a lot of other people in situations in Iraq upward of $4.25 and maybe somewhere close to $5. That would be a great international rate of the Iraqi dinar. Also we have heard that the testing that was done yesterday on the Iraqi stock exchange ISX. No problems, smooth sailing. We understand as result of the positive testing, that Iraq is to open their stock exchange, ISX, Wednesday morning at 9am Baghdad time. We understand that could be significant as far the timing of what it is we are looking for. Iraq has the rate. We are looking for the rate change to occur on the CBI web site pretty soon. [post 2 of 2]
3-1-2017 Intel Guru Bruce Mosul...has been liberated...they have had major success in that. Saturday Iraq began to offer brand new Iraqi sovereign bonds...for sale. ...notice it was a sovereign bond offering. That means Iraq has their sovereignty back. It was offered internationally so they have an international known rate available for their Iraqi dinar and it is priced into their bond offering. That is big news...most significant news to prove Iraq was back doing business internationally. What has been happening in Iraq? We know...the Reconciliation Act was to pass Sunday or Monday. This was something that had to be signed off by the IMF, UN, the United States government...That has been handled. That doesn’t totally affect us on the timing of the RV, but a good thing to know. Also that occurred on Sunday was the Amnesty law...It has finally passed as well. [post 1 of 2....stay tuned]
3-1-2017 Newshound Guru Kaperoni Article: "Consultant Abadi: Cancel the foreign exchange control department of the Central Bank of the need for the new system" Quotes: "...a "need" a new political system based on a market economy..." "...in the democratic systems that rely policy of market economy, it gives freedom of movement of money..." I believe Saleh is calling for the transition to a market economy. This would then end the daily auctions as the CBI would move to IMF Article VIII, get off the peg and float the dinar.
2-28-2017 Intel Guru Frank26 I just gave you 10 reasons WHY Iraq is international...not counting eDinars. Here is #11: #11 – INTERNATIONAL AIR STRIKE on SYRIA...Iraq did an air raid across their borders...and we allowed it! Baghdadi is running...where? There is only one place...Syria. Iraq wanted to bomb Baghdadi in Syria. THIS IS PERSONAL for IRAQ! To strike Baghdadi outside of their borders is HUGE! ...11 items of why Iraq is going to be international. IMO...soon their currency will grow-up to become international. The military side is just not ready to tell you that they are done yet. IMO...they are close because Abadi is telling the international world to come in... [post 2 of 2]
2-28-2017 Intel Guru Frank26 10 things that prove Iraq is stepping on INTERNATIONAL ground:
#1 – IBAN...every bank has IBAN numbers – allows them to transfer money in/out
#2 – SWIFT CODES...these numbers...part of the international world
#3 – MASTERCARD...(and Visa)...they are all over the place in Iraq
#4 – CHAPTER VII...IMO...is 90% gone. The other 10% is the RV of their currency.
#5 – NO PROGRAM RATE on CBI SPREADSHEET...for about 2 months now
#6 – AUCTIONS are CONTROLLING MCP’s …
#7 – IRAQI STOCK EXCHANGE...keeps proclaiming they are going international
#8 – WTO ASKED THEM TO JOIN...spells international
#9 – WAKRA...is finally catching up...(website finally updating)
#10 – BONDS...international bonds...two of them [post 1 of 2....stay tuned]
2-28-2017 Newshound Guru Revbo It took ISF four days to get from the airport to the bridge, so progress has definitely slowed since they moved in to the city from the desert, but ISF is still advancing and every piece of real estate they pick up makes it harder for IS to defend West Mosul. I'm gonna revise my prediction for the liberation of Mosul to March 21 from March 31. [See below for previous Thomas van Linge maps on 2-25-2017]
2-28-2017 Intel Guru Frank26 Another important thing...Dr. Shabibi came out and condemned Maliki...and you will start to see EVEN MORE! That will help with the monetary reform...help with the lava-flow. Watch for more on Dr. Shabibi and Maliki. In the end, Dr. Shabibi will make a speech to you. Security is coming in many ways. We (USA) are planting a presence sooo deep! We told you...some articles would come out...about the new Iraqi dinar being used in-country...and they are coming. [post 2 of 2]
2-28-2017 Intel Guru Frank26 ...THIS FRIDAY...I believe that could be a good time-frame for the liberation of Mosul. Once we have Mosul...does that mean we have the RV? No...this is a lava-flow process. What does Mosul give you? SECURITY and STABILITY...IMO...Mosul is about to be announced to the world. Iraq needs international investors...and I believe that is the big campaign now by Abadi. Come in and invest in our country! This airport...once it was captured...IMO...it opened the door...did you know that we are building 7 bases in Iraq? WE AIN’T GOING ANYWHERE...and the INTERNATIONAL WORLD KNOWS IT! [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru BGG [I just heard on Fox news that somebody felt it might take a year to get ice is out of Mozel.] They are HAMMERING AWAY at these guys RIGHT NOW. This won’t take a year...It won’t take a month…in fact, over the last several days, in spite of HEAVY FIGHTING, there are maps showing the Iraqi regulars holding nearly 20% of the last half of Mosul. Iraq is hitting ISIS in Syria – CUTTING OFF ROUTES of escape. This is a “TURKEY SHOOT” about to happen.
2-27-2017 Newshound Guru Kaperoni Article: "Commercial layer "parasitic" I run the Americans in Iraq and the balance of the bank continues to decline" Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically." IMO, they wouldn't be talking about it, if it was not the plan. Soon we can hope the float will start.
2-27-2017 Intel Guru RayRen98 On Iraqi television this morning, they were told the stock exchange is going international in March, with no delays. That is the good Iraq news, for those who believe nothing will happen until things happen in Iraq. Mosul is pretty much in the bag; how important that will be will become clear. I’m still at ‘any minute, any hour’, and I know there was a desire to get this done by the end of the month...we are close...slowly but surely, it’s coming. This RV is like running water, and it’s difficult to stop running water once it’s started flowing. So we wait to see what happens next... [post 2 of 2]
2-27-2017 Intel Guru RayRen98 The fight has moved over to Syria, with Abadi ordering air force attacks. Mosul seems to be no longer an issue, unless they are doing both at the same time. Also, Iraq is saying Mosul is ‘steps away from complete freedom’. Supposedly a new plan to defeat ISIL is to be revealed today. Western Mosul has been reclaimed, with government buildings, etc. That says something to us – large groups of ISIL are surrendering. Also Iraq offered its first international bond to the markets. Farmers are supposed to receive their back pay today, and also fingerprinting for international Visa cards. We are told this is to be at the new rate. With the new cards, the currency is certainly international. [post 1 of 2....stay tuned]
2-27-2017 Newshound Guru tlm724 Article: "The Ministry of Commerce held a conference last week that "trade policy and economic reform" with broad participation and the presence of specialists in the economy." [What is your take on this... Quote: "...the current value of the Iraqi dinar is not a real value but a value for the stability and the alternative is a monetary reserves because the government can not afford to float the currency politically."] I think when it says "the government can not afford to float the currency politically" they are right. Politically here is no Minister of Finance and the CBI governor is a Bozo, that is some serious instability if you ask me. We all know the dinar is grossly undervalued and the reserves are down because Iraq is just now graduating from the Economic's 101 class. They are making great progress with the electronic system which is very encouraging. Without that piece of the puzzle we would have little hope! They need liquidity badly and the only way they are going to get peoples money is to make those deposit's insured. That is what I am looking for next!
2-27-2017 Newshound Guru loop LOVE THE DUE DILIGENCE THAT THE BANKS AND GOI ARE DOING! IT SHOWS A REAL COMMITMENT, ON THEIR PART, TO STOP THE CORRUPTION ONCE AND FOR ALL. THEY STILL HAVE MUCH WORK TO DO ON THIS FRONT. ONE THING HAS BECOME VERY APPARENT TO ANYONE READING THE NEWS...THEY ARE DONE ALLOWING THEIR WEALTH TO BE STOLEN BY CROOKS. THIS BODES VERY WELL FOR THE IRAQI CITIZENS AND US! THIS IS EXACTLY WHAT THE IMF NEEDS TO SEE THEM DOING!
2-27-2017 Newshound Guru Kaperoni Article: "Central Bank Governor: We support researchers and experts" Quote: "...the strength of the role of the banking sector is largely based on the strength of the economy and the stability and diversity, and its role in supporting and stimulating the private sector as the fundamental basis for the economy and growth." No secrets or shortcuts. Though not what most want to hear, it is what we want to hear. Simply because as the economy grows so will the dinar...Balassa-Samuelson effect.
2-27-2017 Intel Guru Dr. Clarke We will tell you, that the focus has changed from just Iraq's Safety & Security, clearing, liberation - to, and including a "REGIONAL" focus of Safety & Security, which is now centered also in Syria and others... We mentioned this possibility about the status of Syria & Iraq being equally important and related...and we talked about a "Trigger" recently too...we're going to have to see where this goes, over the next few days...there is a strategy, that's of course hidden, and it definitely involves, the economics & currency movements of Iraq and others. Don't put much stock in this "Bond" thing, introduced this weekend...fyi... "Standby" in Positive Expectation, and watch "The STORM" for now. It's Beautiful. What is REAL, is that we've put ALL DATES & TIMELINES OFF THE TABLE NOW. IT'S A BRAND NEW BALL GAME, FRIENDS. There's a LOT MORE TO COME, before Anything meaningful moves & is clear...ALL in our Opinion... [post 2 of 2]
2-27-2017 Intel Guru Dr. Clarke This is Truly, "The PERFECT STORM", and we're right square in the middle of it. We were hoping for more to share today, that was significantly meaningful & Clear, but it just hasn't been the case. So, we're currently in "STANDBY" mode, and hope that by this coming Thursday, March 2nd, things will clear up, and become more solidly known. We're not saying things are happening "Sooner" and we're not saying things are happening "Later"...we really don't know at this point, BECAUSE THINGS HAVE CHANGED SO MUCH OVER THE PAST 2 DAYS...and if we did, we'd relay those things along to you. It's truly a very massive and widespread storm...with Heightened ILLUSION...but one thing's for sure...it's POSITIVELY MOVING FORWARD. ALL of Life is about TIMING. [post 1 of 2....stay tuned]
2-27-2017 Newshound/Intel Guru BGG "Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched" Iraqi Stock Exchange is looking forward to new laws to operate locally and globally launched! Holy $*%&! Did I just read that right? There is a reason they are talking about this right now...it would appear this is on the verge of happening.
2-26-2017 Newshound Guru loop Article: "Rasheed develop a plan to open branches in the liberated areas Banks" What caught my attention in this article was that they are in starting to talk about opening and rolling out modern & advanced services in the liberated areas. This says one thing to me. They feel the there is enough SABILITY and SECURITY in the liberated areas to move forward with normalized banking operations. Which means that they must feel that there is little or no threat that the banks funds will fall into the hands to Daesh.
2-26-2017 Intel/Newshound Guru Backdoc Article: "Rafidain Bank directs its branches update data before retiring salaries" SEEMS LOGICAL TO VALIDATE THE RETIREES ESPECIALLY WHEN YOU'RE ESPECIALLY CLOSE TO MAKING DISBURSEMENTS ON A LARGE SCALE.
2-26-2017 Newshound Guru loop Article: "Iraq complains Ministry of Finance's lack of cooperation with the retirement body: disgruntled pensioners of procedures" Quote: "Rafidain Bank was forced to exchange for several months, in spite of the suffering experienced by the bank, due to the lack of liquidity..." due to the lack of liquidity...I KNOW WHAT WOULD FIX THE ISSUE...INCREASING THE PURCHASE POWER OF THE DINAR!
2-26-2017 Newshound Guru Revbo Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" ...foreign jihadis leaving for Syria, allegedly on Baghdadi's orders. This operation is almost over, folks. IS is being demoted back to the JV team.
2-26-2017 Newshound Guru mike Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" To say I'm surprised is an understatement, they've been fighting these guys for years. Let's hope they keep up the momentum and free the entire city...
2-26-2017 Intel/Newshound Guru Backdoc Article: "Iran's Parliament Approves Bond Issue for Oil Projects" THIS SEEMS CONSISTENT WITH OTHER ARTICLES THAT IRAN WILL HAVE A NEW RATE AND WILL BE A SINGLE PAYMENT SYSTEM WHICH IS DIGITAL AFTER MARCH 20th. SELLING BONDS AFTER THAT NEW FISCAL YEAR FOR THEM MAKES SENSE. WHAT I LIKE EVEN BETTER IS THAT A DIGITAL DOLLAR AND MOST LIKELY DINAR THAT HELPS BACK THAT NEW DOLLAR WILL ARRIVE PRIOR. REMEMBER THE DOLLAR IS THE GLOBAL REFERENCE OF VALUE THEREFORE IT MUST SHOW FIRST OR AT THE SAME TIME AS OUR BELOVED DINAR!
2-26-2017 Newshound Guru loop The Iraqi's are continuing to show us daily that they are very serious about reforming every level of their government to provide a better future for their people. Corruption is being dealt with as they find it. There is still much work to be done on this front. But the speed at which they are confronting it is spectacular.. IMO. The battle to free the Right coast is progressing very nicely. The on going media blitz on Maliki is very telling. His time is coming to and end. His is about to reap the what he has sown. IMO. Munich was a definite catalyst for the recent move on him. IMO...It's shows how close we are getting to realize the the fruits of our labor... The continued dialogue in the media about national reconciliation shows how serious they are about it. It's not over until the fat Iraqi woman sings, but I have a feeling that she is about to belt out one heck of a tune!
2-25-2017 Intel Guru Delta [Dont know if relevant? "DEAL-Iraq's First International, Sovereign Bond"] NOT ONLY RELEVANT...BUT VERY HUGE! IRAQ HAS ISSUED ITS FIRST EVER INTERNATIONAL SOVEREIGN BOND. IT WAS ISSUED ON 02/24/17. [There were contingency for this ... They decided.] YES...THAT'S WHY IT'S HUGE...WARKA TOTAL BLOCKED TODAY.
2-25-2017 Intel Guru Dr. Clarke Lots of things are Changing rapidly, and "BIGLY", friends. As or right now, ALL OF OUR TIMELINES, previously stated, are no longer applicable. We will update you sometime tomorrow, after everything comes together... As for right now, we DO NOT see anything significantly happening with rates, tonight or tomorrow...We'll get you more detail, sometime tomorrow. There's been major HIDDEN information surface...Hint: Now, Iraq sending airstrikes to Syria to secure the border?...IOO.
2-25-2017 Intel Guru RayRen98 It has reported that the military base in Western Mosul has been re-claimed today by Iraqi troops. The government buildings being the next victory, are in short distance. Large groups of Isis are surrendering. Iraq has issued its' first internationally sold sovereign bond in the international capital markets!
2-25-2017 Intel/Newshound Guru Backdoc THE END TO THE YELLOW BRICK ROAD IS NOW IN SIGHT. OUR LONG AND DIFFICULT JOURNEY IS COMING TO ITS END. RECENTLY, WE SAW IRAQ ADMIT A VERY LARGE DISCOVERY OF BLACK GOLD IN SOUTHERN IRAQ. IRAN DID THE SAME THING JUST A COUPLE OF WEEKS AGO. BY ADDING THESE NEW ASSETS TO THEIR CREDIT WITH THE IMF, THEY WILL LIKELY BE ABLE TO SUSTAIN A MUCH HIGHER CURRENCY VALUE THAN PREVIOUSLY THOUGHT. IN THE CASE OF IRAQ, I BELIEVE THE TRUMP ADMINISTRATION WOULD LIKE A HIGHER CURRENCY VALUE FOR IRAQ SO THAT THE U.S. CAN ACHIEVE A BALANCED BUDGET. VALUE IS ABOUT TO CHANGE, AND YOU MY FRIENDS, WERE ABLE TO BE A PART OF HISTORY. ISN’T IT NICE TO BE ON THE RIGHT SIDE OF THE VALUE EQUATION? WE ARE ALMOST TO THE EMERALD CITY NOW AND IT’S TIME TO SEE OZ. WE WILL PULL BACK THE CURTAIN IN MARCH.
2-25-2017 Newshound Guru Revbo Seems to be going significantly better than expected so far. This guy [Thomas van Linge] has a map [see below] that he updates regularly as things change, and the ISF-controlled areas of West Mosul have been rapidly creeping north. They got the airport and the base next to it yesterday, and they are already making serious inroads in the city. From the estimates I heard a week ago, this kind of progress wasn't expected for well over a month. ...not bad, huh? Last week, everyone was predicting this operation would take six months. [see maps below]
Mosul 2-20-2017
Mosul Progress 2-24-2017
2-24-2017 Newshound Guru Aggiedad77 Article: "Twilight News / agency Standard & Poor 's credit rating . The classification of Iraq was confirmed at "B- / B" with a stable outlook." Well we can see the negative side to this...the "B-"...or we can instead focus on what we see as a positive...that their fiscal discipline has improved and it is believed will remain stable for the next few years...or at least for a few days...until God explodes a blessing all across Iraq...oh how quickly things can change...so very quickly indeed...IMO.
2-24-2017 Newshound Guru Enorrste Article: "Parliamentary Finance: Iraq's debt rising to more than 126 trillion dinars" Quote: "The Committee suggested that the Government, if the price per barrel rose to above $ 45, to go surplus funds to the central bank to increase the cash reserve, or the repayment of foreign debt." I found the ...article...referenced just above to be interesting. It says that at $45 per barrel Iraq would be in a surplus position. According to NASDAQ the current price of oil is $54 per barrel. This means that Iraq has apparently cured their budget deficit problems, at least according to the IMF. It is also for this reason that the IMF can postulate that reserves in Iraq will rise significantly over the next 2 or 3 years to $91 billion. Having said that, I feel that the IMF in making these statements is quite confident that things are moving in the right direction for them to initiate the float this year.
2-24-2017 Newshound Guru Kaperoni Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq" I don't expect the CBI to "flip" a switch the day after liberalization of Mosul. It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform. Especially with the spread still not close to 2%.
2-24-2017 Newshound Guru Aggiedad77 Article: "After Mosul: Certainties and Uncertainties" ...the US position in Iraq post DAASH is becoming clearer by the day IMO...Keep the peace between the various political factions...build those bases and staff them to further kick some DAASH butt in nearby Syria...and don't lose sight of that GIGANTIC pool of oil...we may not own it...but we want first dibs to it...Plus have Iraq stepping out on the world stage for the first time....being the ones who get to introduce her to the world...oh buddy...good times are coming...because....the BEST is coming...I'm looking to Sunday maybe into Monday to be quite interesting.
2-24-2017 Intel Guru Bruce My understanding is that President Trump is actually doing everything in his power which is substantial as we know to move this thing through and get it done now. We heard 3 days ago now actually that the banks in Mosul were up and running. I believe the Mosul airport is up and running now. I don’t know how much work the city needs in terms of infrastructure. I believe it needs a whole lot. At least in the day to day operations from what I understand are back in place. There have been a few little announcements in main stream news here about the restoration of Mosul being taken back which is very positive. I just got a call...that approximately at 9pm EST [Thursday]...that Iraq began their monetary reform on their CBI website. So what they are doing now in trying to update and possibly put out new rates I hope essentially is the trigger for...the RV for the dinar... Looks like Iraq has begun their process of economic monetary reform through their CBI website. I am excited...I think that is a good sign. ...we are in really good shape for this to roll out...
2-24-2017 Newshound Guru Kaperoni Article: "Iraq joined the Convention on the transparency of the arbitration between investors and states" Quote: "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states." Dispute resolution is critical. A good sign.
2-24-2017 Newshound Guru loop Article: "Parliamentary oil suggest the presence of 300 billion barrels of undiscovered" Quote: "...said the oil profanity by Mehdi al-Hafez, Tuesday, that there is a plan of action will begin to explore more than 300 billion barrels of oil, Iraq added to the reserve." If Hafiz is correct Iraq will have the largest reserves in the world. What we do know for sure is that they just add 10 billion to their reserves last week. Iraq is currently 5th in the world as far as oil reserves go. Much of their country has yet to be explored for oil. I would be surprised if they do not find much more.
2-24-2017 Newshound Guru Kaperoni Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq's economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment...at least we can hope anyway. [post 2 of 2]
2-24-2017 Newshound Guru Kaperoni Article: "IMF confirms the stability of Iraq's reserves of hard currency" Quote: "the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well" I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so. [post 1 of 2....stay tuned]
2-24-2017 Intel Guru Frank26 The IMF doesn’t want them to float...but IMO...I think they are going to float. There is a compression of a lot of DEAL going on as the fat lady gets out of the way to show the liberation of Mosul. Once you have Mosul...you’ll see the reason for the negotiations...which you wouldn’t see happening with a program rate. The DEALS are across the board...creating fairness in trade and currencies. This is VERY historical. I like how Abadi told everyone at the meeting in Germany...“we’re open for business...come on in!” Germany did tell Abadi...“ok”...and they did...quickly. Abadi received today a German delegation...Merkel says they are there to help with the economic reforms. Didn’t take them long to show up. No country is in this for an 1186 program rate!
2-23-2017 Newshound Guru Aggiedad77 Article: "Ayman total liberation of Mosul operations within 72 hours" We seem to be under a time clock don't we Family...72 hour count down and ticking...and we could be "ABOUT" done with Mosul to hopefully meet President Trump's satisfaction...may we see strong evidence of Monetary Reform shortly...that leans on a "sexy" rate...the BEST is coming...tick tock goes the countdown clock...Mosul...Mosul come on over. ...so when did this clock start to tick...on the 21st some time...pray for a wild weekend...one of great celebration that Mosul is finally back in the hands of the good guys...
2-23-2017 Newshound Guru Adam Montana [Do other countries have HCLs? ...is there anything to compare this process to...?] An HCL by any other name is still an "Oil Law". However... Iraq is the only country to my knowledge that has THIS much riding on the passage of such a law.
2-23-2017 Newshound Guru Kaperoni Article: "Abadi condemning al-Maliki in the fall of Mosul" He wanted to be Prime Minister, time he take responsibility for his actions or lack there of.
2-23-2017 Intel Guru Frank26 Dr. Shabibi…anything to say? Dr. Shabibi came out…and said that Maliki stopped everything. Abadi asked…“Why did Maliki give up Mosul?” Why did he remove 3 units of protection? Why Maliki? Obviously he was in coo hoots with ISIS. They are now calling for high-treason… in Iraq and INTERNATIONAL COURTS! TIME IS UP! TIME TO PAY MALIKI FOR YOUR CRIMES! ...we told you there would be another speech from Dr. Shabibi…JUST BEFORE they were ready. TA-DA-FREAKIN’-DA!! The MR will…IMO…will blossom after Mosul is announced. Once Mosul is liberated…they will liberate the IQD from the program rate. [post 2 of 2]
2-23-2017 Intel Guru Frank26 The reason why we don’t see the exchange rate of the IQD released yet...because there are a LOT of DEALS being made... IMO…(about 2 weeks ago)…we have enough of Mosul to have the RV of the currency of Iraq now...that was MY OPINION…but apparently that is not President Trump’s opinion. He wants to extinguish ISIS...That’s why many DEALS…IMO…are being born…combination of removing ISIS…“give me Mosul” and you’ll see the MR. We’ve got like 30 articles now... evidence of what they are going to do. It’s not that we want fully security by removing all of ISIS...while that is happening, Trump is making a lot of DEALS with Abadi. IMO…Iraq is being used as LEVERAGE to do a lot of DEALS around the world. Has Abadi seen Trump yet? No…not until Abadi is done with this and that…but Trump has Abadi’s back! [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru loop His opinion is that .83333 cents to the dollar would be more managable. [So the exchange rate would be 1/.83 = $1.20. 1 divided by .83...In USD] This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows. Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment. Mr White [Guru wmawhite] made an excellent point...about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low. [post 2 of 2]
2-23-2017 Newshound Guru loop Article quotes: "Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200." "But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations." "The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price." So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive. [post 1 of 2....stay tuned]
2-23-2017 Newshound Guru Adam Montana [...can Iraq go on as long as it wants with out RVing...?] They could go "forever" without revaluing their currency, sure. But I don't think they will. We are indeed heading to that elusive finish line...
2-23-2017 Intel Guru RayRen98 [Do you really think we’ll exchange this month?] Today’s February 22nd, and this month ends next Tuesday. Yes, I do believe we will exchange this month, based on what I have shared with you and things I have not shared with you, no reason to think otherwise. I still look to $3.71 to be the international rate or thereabouts. We are in the waiting stage. Everything looks good...This could pop at any time, and all the technical information that has come to us is saying ‘green light – go’ as soon as this is released. [post 2 of 2]
2-23-2017 Intel Guru RayRen98 All is quiet, maybe a little too quiet...We had people in Iraq sending intel that the dollar was banned; we expected that, and good to hear it confirmed. Articles came out about that as well. Most of us know what that means, as one of the conditions favorable for Iraq to be sovereign, with a currency that is competitive to its neighbors. There are also rumors about Maliki being brought to justice, and reports of Rafidain Bank is now preparing its customers to accept deposits in dinar only, no longer in dollars – nationwide. At least, that is the game plan, to ban the US dollar across all provinces. [post 1 of 2....stay tuned]
2-22-2017 Intel Guru Dr. Clarke In the past few days, you've seen the "Storm" picking up speed. Surprise visit to Iraq by Gen. Mattis, tons of extra troops into Iraq/Mosul on Sunday. VP Pence met with Abadi, Merkel of Germany sending envoy to "assist with Iraq's Monetary Reform" (what??) Monetary Reform? ...and this week, you've heard all kinds of news regarding the Dinar Rates & the Dollar Rates...Changing. Keep your fingers crossed...it's only Feb. 22nd, 2 days into the "Storm"...so far, so good.
2-22-2017 Intel Guru ADMINBILL BEHIND THE SCENES ACTION IS STARTING. STILL ANTICIPATING THIS WEEK. NEWS I CANNOT USE IS VERY POSITIVE. THE PICTURE REMAINS BRIGHT.
2-22-2017 Newshound Guru Adam Montana The question, then, is “When will the Dinar Currency of Iraq Revalue?” This investment is not a scam, but you must be prepared to wait for things to happen. It may revalue, or “reinstate”, to a previous level, which would make many of us rich overnight… or it might grow slowly, over time, giving a nice return on an investment that many of us were smart enough to make. One thing I do know, for a fact… the Iraqi Dinar will not stay at it's current "value" forever. [post 3 of 3]
2-22-2017 Newshound Guru Adam Montana Here are a couple of very real facts: Iraq has a majority of the world’s natural reserves and crude oil, putting it on the same level as Saudi Arabia and Kuwait. If you know anything at all about Saudi Arabia and Kuwait, you should know that their currency is very valuable and their natural resources are the reason. So, why isn’t Iraq as rich as Saudi Arabia and Kuwait? That answer is simple – they only recently established a stable government, elections are now being held successfully, and the march towards financial recovery is progressing steadily. Crime and terrorism is lower and lower all the time! And just as importantly – the Iraqi people are unjustly impoverished as a result of the recent chaos, and they cannot remain in that situation for much longer – not when they control a major amount of the world’s “black gold”. [post 2 of 3....stay tuned]
2-22-2017 Newshound Guru Adam Montana This is the question I've been seeing a lot lately: "Is it a scam"? In a word - NO. The Iraqi Dinar is an item that has a past, present, and future value. We can put a dollar amount on that value for the past and the present, so the only real question is what the future value will be. If the value raises, you can profit. It's THAT simple. Keep this in mind when you read anything on the dinar - a savvy speculator must always be able to separate fact, opinion, and distractions. Here are some facts that will help you with this question of whether or not the "Iraqi Dinar" is a scam. The Iraqi Dinar Currency that is used today in Iraq is arguably one of the most sophisticated currencies in the world. The technology that makes it almost impossible to effectively produce usable counterfeit dinar currency is amazing. ...what about the "investment" itself? Is investing in the dinar currency a scam? The simplest concept you need to understand when talking about the Dinar Currency is that nobody is going to be able to tell you exactly when it will revalue. But does that mean the Iraqi Dinar Currency hype is a scam? Absolutely not! [post 1 of 3....stay tuned]
2-22-2017 Newshound Guru Aggiedad77 Article: "German loan gate to move the labor market" Quote: "...approaching global economic blocs in Iraq stems from its importance on the world stage and this important global effort perceived by the evolving under international indicators that put Iraq in the lead among the ten richest countries in the world." ...how can Iraq be placed center stage...on TOP of the world as the richest of the richest 10 countries in the world...how would that be possible...not just in the TOP 10...but at the top of the heap...you know what they have to do...Abadi has been told what he has to do...make it happen #1...the BEST is coming...big time BEST...can 3.22 make that happen?
2-22-2017 Newshound Guru Kaperoni Article: "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives" Quote: "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus." Very good article. It appears the UN is helping Iraq push these needed reforms forward.
2-22-2017 Intel Guru Bruce I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. ...we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards. Their cards have been charged with their new rates. ...we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open...even in Mosul the banks are open since 10am yesterday Iraqi time. The timing of this is very close in terms of what I am hearing. What we need is some good news come out of Iraq.
2-22-2017 Intel/Newshound Guru Backdoc Article: "... Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde" Quote: "Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries." I THINK IT'S VERY INTERESTING TO SEE "MUNCHKIN MAN" (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF. THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. "ACTIONS MEAN THINGS."
2-22-2017 Newshound Guru Enorrste Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell. [post 2 of 2]
2-22-2017 Newshound Guru Enorrste Article: "Raise the price of the Iraqi dinar to the fore again" Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..." "The government is expected to return to the project itself after the end of military operations." This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to "RV" in the traditional sense and explains why. [post 1 of 2....stay tuned]
2-22-2017 Newshound Guru firefly Article: "Include the introduction of modern irrigation systems" Quote: "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized." Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
2-22-2017 Newshound Guru Kaperoni ...measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
2-21-2017 Intel Guru RayRen98 On Iraqi TV, via satellite in US, it is reporting in the coming days a mechanism will be activated that will eliminate the US dollar and raise the value of the dinar. Reportedly, PM Abadi on Iraqi TV implying that Maliki may be brought before the courts on a charge of high treason. Also, indicators are now saying Rafidain Bank is preparing customers to do their deposits in dinars, NOT US dollars.
2-21-2017 Newshound Guru Aggiedad77 Article: "The Washington Institute for Trump: Iraq a better partner for the United States" How many different ways can you spell DEALS...the US is saying that Iraq is a better partner...really... Remember Iraq was given the cold shoulder by many...but now has become a key player and hot potato IMO...it goes on to say that Iraq will become rich...wealthy...and US companies will help level the playing field for them...Time is Up......the BEST is coming.
2-21-2017 Newshound Guru Kaperoni Article: "Raise the price of the Iraqi dinar to the fore again" Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: "The government is expected to return to the project itself after the end of military operations."
2-21-2017 Intel Guru RayRen98 Citizens in Iraq are informing that there is a ban on using the US dollar...supposedly in all provinces! Is this the final phase to economic reform and a public release of a revalued currency? Time Will Tell.
2-21-2017 Newshound Guru tlar [Do you have a guess on a rate? I communicate with another guy who believes there is too much dinar out there for much of an increase. Would you agree with that?] Its only a best guess as to how many dinars are circulating or how much of what they state is actually USD with the equivalency stated in dinars at any one time, because they will never divulge that to the public or even their own citizens. ...remember it is not dinar released from the CBI that they have to cover, but rather dinar circulating in Iraq in day to day commerce. The CBI may have released in the upper 30 trillion range but the dinar circulating is much less than that figure. The newspapers and media has always referred to all the dinars released as circulating in Iraq...The dinar you and I hold and the dinar not in Iraq that is other countries and central banks, is not considered circulating in Iraq.
2-21-2017 Newshound/Intel Guru BGG "Headline: Securities recorded an increase of 308% in the number of shares traded last week" (that would be for the ISX)...and 130.7% the week before...it would appear the "chunky money" and investors are feeling more and more secure in their own market place BY THE DAY! [That's a week over week volume increase.] They know what's coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor - which is good for us...They aren't complaining about the "worthlessness of their currency" - they are slingin' that stuff around like a fat kid chasing ice cream cones!
2-21-2017 Newshound Guru Aggiedad77 Article: "Iraq discuss with the launch of the International Monetary Fund for a new batch of loan" Iraq must have been doing some wonderful things to see a new batch of loans being considered dontcha think.
2-21-2017 Intel Guru Frank26 Mosul = stability / security for ALL of the Middle East AND Europe! DEALS outside of Iraq with the UK...with China...they are willing to play fair with their currencies. DEALS with Vietnam....Wait...didn’t Obama put sanctions on Vietnam? Yes...Vietnam sanctions...are only on their currency. They got caught just like China for manipulating their rate... But those sanctions ...in about 2 weeks are going to be lifted! Their revaluations...will not be like Iraq...IMO...smaller increments...in about 6 phases. DEALS are being made...while the value of the IQD is low…with countries who are waiting for the IQD to come out. DEALS...whatever you want to call them...was slipped into the formula for the release date of the RV of the IQD. Something is up...because TIME IS UP. All we are doing is waiting for the rate to go up. [post 3 of 3]
2-21-2017 Intel Guru Frank26 Trump says to Abadi...“go to Germany...talk to those in the long-line...tell them to invest in your country...Tell you citizens that the “full assault” on Mosul will begin this Sunday.” Seven...American bases in Iraq...we (USA) are not going anywhere! This is the beginning to the end of ALL OF MOSUL...and IMO...in ABOUT 2 weeks...it could be less...! Mosul is being completed at a much faster pace! This is the FULL-ON ASSAULT for the MR [Monetary Reform]. Is it Iraq’s choice to wait for Mosul for the RV? No…It’s not Iraq’s choice. We (USA) are not the only players in Iraq. IMF, UN, BIS, WB, etc. Iraq has its feet being held to the fire by those involved in the MR. [post 2 of 3....stay tuned]
2-21-2017 Intel Guru Frank26 On the early dawn on Sunday, something dramatic happened for our investment. DEALS are going on...happening so fast...Out of nowhere...all of these countries want to MAKE DEALS. Security and stability is really the key all over the world right now...and it all starts in IRAQ. If people want to make DEALS...to include China and North Korea...so that things are FAIR...that is astonishing. DEALS are being made for everyone that’s in the LONG-LINE...those that want to play on an even playing field...equal and fair trade. TIME IS UP! And that’s why we have DEALS that are being made. DEALS will fatten Iraq’s reserves...fuel their future. IMO ...over the weekend...these DEALS were triggered off...all from a phone call. The call...Trump to Abadi. A NEW DEAL was born. And that’s probably why we haven’t see the MR yet. Trump is a master negotiator...and as a holder of IQD...you should be thrilled about that! [post 1 of 3....stay tuned]
2-21-2017 Newshound Guru firefly I don't have a date nor a rate but one thing is for certain, we are standing on the edge of the precipice. And... IT WILL NOT Be A FREE FLOAT LIKE SOME FOLKS SUGGEST. Those that suggest a free float are not very versed on the laws set up by the IMF and the WB a few years ago.
2-21-2017 Newshound Guru loop Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." Huge step forward to open the doors to the wall of Investors. IT's right out of article 22 of the Investment Law. Article 22: The foreign investor shall enjoy additional privileges in accordance with international agreements signed between Iraq and his country or multilateral international agreements which Iraq has joined.
2-21-2017 Newshound Guru Aggiedad77 Article: "Keywords: cash reserve is reassuring for the next five years" Quote: " ...it has received praise from specialized international organizations, and the reserve is calculated by the Central and the international Monetary Fund does not accurately raises concern for the next five years." Why would Iraq's Central Bank Reserves be considered by not only themselves but the IMF for the next five years...may I say "deal"... because of what has been agreed upon that perhaps we do not yet see...But what you do see is perhaps not all of the picture...remember boatloads of money coming into Iraq a short while ago...many things doubled...oh but that was a tip of the iceberg...IMO the IMF and others can see the full iceberg and no it is not global warming that is shrinking anything...it is global agreements that in fact are growing the iceberg...and that growth will soon stimulate an explosion that will catch our world as we know it in a shocking but oh so positive surprise...Wait for it...for IMO...the BEST is coming...
2-20-2017 Intel Guru RayRen98 Iraqi TV is reportedly referencing economic reform with officials discussing raising the dinar to 1.20 to the US dollar. Time Will Tell!
2-20-2017 Newshound Guru loop Article: "Keywords: private banks, their performance distinctive and are satisfied with it" Alak came out today punching the media for misreporting. ...he is saying...out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this. ...ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they...the reserves cover the local currencies by a "large margin". It's important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.
2-20-2017 Newshound Guru Aggiedad77 Article: "Proceeded Rasheed Bank, on Monday, activating the e-government citizen complaints for the service of citizens." Iraqi citizens the digital world is coming to a bank near you...get on board and get ready for a wild and wonderful ride...To make this work Iraq has to continue to improve the electricity issues around their country...but rest assured this e-"thing" is here to stay...welcome to our world... welcome to the big leagues...deals...are done...contracts are done...money is ready honey...just push GO and start collecting...For this done deal to materialize before our eyes...the BEST is coming and it's all about Iraq...and the World...in the still of their night...let us smile.
2-20-2017 Intel Guru ADMINBILL LOOKING LIKE GREEN IS A VERY REAL POSSIBILITY LATER THIS WEEK. I EXPECT A MAJOR ACTION TUESDAY OR THURSDAY...WHEN IT OCCURS, WE ARE THERE. I AM LOOKING FOR EXCITING THINGS TO HAPPEN IN MOSUL, AND WITH REGARD TO OUR OWN CURRENCY THIS WEEK. LET'S SEE IF THOSE CAN BRING US HOME.
2-20-2017 Newshound Guru mike [...if the market rate drops is that a good thing?] The market rate, or street, dropping is a good thing. As of today the street rate is 1270-$1. The official rate is 1182-$1, so there's a spread between the two is 88 dinars, or roughly 7.5%. That's not good enough for the IMF, they want the MCP, or spread, to be 2% or less and hold it for at least 90 days before Iraq can move to Article VIII compliance. In a nutshell, the market rate dropping is a good thing. [You can see the Official CBI Dinar rate and the CBI reported Market Rate in the Dinar Guru Resource bar on the left side of this page]
2-20-2017 Newshound Guru Breitling What’s the deal with the math with Iraq? Take a look at this…look at their economy now. How much oil are they producing compared to how many people they have and the market prices. Now go look before the first gulf war. They are producing more. There are more people in the world buying oil so the whole thing is bigger. But their currency is at a tenth of a penny? You think that’s the market rate? Are you blind? This is for the people who are not in this investment…how blind are you? Obviously the currency is artificially held down…Go by the math. All the math is there. All the proof is there. You don’t need to have doubts. The question is, when is this going to happen? Everything I talk about is based on principle..it’s the numbers…It’s everything. Fortunately, I didn’t come up with those numbers. Guess who came up with those numbers? The Ministry of Finance. The Ministry of Planning. The parliament. the CBI. That’s what you need to worry about.
2-20-2017 Newshound/Intel Guru BGG "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." ...the agreement represents an important signal to the international arena... BOOM!! they are providing assurances, protections and a way in and out for international investors. these are CRITICAL items to the freedom of movement of capital in and out of Iraq. [The agreement was signed at the United nations.] yes, which BTW...was more than a little shocking to me. It appears the UN is much more involved I imagined.
2-20-2017 Newshound Guru wmawhite Article quote: "the signing of the agreement represents an important signal to the international arena that Iraq is committed to all the rules of transparency in international arbitration in case of dispute between the investors and the states," and expressed hope that "Iraq is essential to attracting capital and center." This shows that the GOI has been signing agreements/conventions that we never knew about. The GOI has been doing this because they do not require the Parliament consent to do so. HUGE...well as important bilateral and international conventions signed by Iraq and the number of States”... And where was this announcement made? the United Nations...The agreement was signed at the United nations.
2-20-2017 Newshound Guru Aggiedad77 Article: "The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards." ...so how are they able to do this with a program rate...inquiring minds want to know. Big things are coming this week...listen to President Trump...watch what goes on...my glass is running over...and has been since Friday afternoon...cautiously optimistic...And....yes "Time is UP".
2-20-2017 Newshound/Intel Guru BGG ...much of the expectation we've all had - was directly inspired by Abadi and Alak. They are the ones telling us when they were going to "start the project"... whatever "delay" Alak commented on - seems to drawing to a close...the delay - appears to be the handling of Mosul. They expected this done sooner - it wasn't... looks like now it is. That's the key - AND, I fully expect some very good news coming out of Mosul this coming week.
2-19-2017 Newshound Guru Aggiedad77 IMO...there will be good come of this trip in many ways...watch for it...and with President Trump's rousing speech yesterday, it could likely be this week. IMO...if today's window slides by...I can see a window either being stretched...or a new one being opened until the end of this month...or to day...because events are happening so quickly...You aren't seeing all of what is happening IMO...what the media reports is only the tip of the iceberg with these meetings again IMO. [post 2 of 2]
2-19-2017 Newshound Guru Aggiedad77 Article: "Iraqi presence was influential and present through other meetings Observers believe that the Abadi succeeded in marketing the Iraqi issue globally and gain the trust and sympathy of .the participants in the conference leaders." It is my deep opinion that Abadi is meeting with more world leaders on this trip than just about any trip he's made in the last year...something is up...Something is astir with all these meetings...and the kingpin of them all his meeting with VP Pence...IMO he might as well been having a face to face with President Trump...that message being delivered by VP Pence was as good as it coming from Trump himself. [post 1 of 2....stay tuned]
2-19-2017 Newshound/Intel Guru BGG [...is HCL land boundries and alotment for oil?] HCL is (generally) referrred to as "The Hydro-Carbon Law" - AKA H.C.L. there are several variants. for a true HCL - it is possible they need to solve Article 140 - which will require a truely accurate census... (none of which will happen soon)...now - here's the good news...They have managed to "side-step" this whole issue by regularly "codifying" something of an HCL agreement in each and every annual budget...since 2015? HCL isn't so much land boundaries as it is - WHO GETS WHAT... in simplest terms...how much each bunch gets. But...they have handled it - in more of a technical "end around"... [...always heard no hcl no reval.] let me help you - that's bull ****.
2-19-2017 Newshound Guru Aggiedad77 the Iraqis are doing their part well with this last push of Mosul...all is good...the BEST is coming... the feeling I'm getting over the battle action in Mosul...plus the kinds of meetings that Abadi is having in Munich...plus the sheer numbers of meetings he's having...add that on top of Trumps HUGE speech yesterday...this plan IMO is coming together...It's been planned for the right moment...and I'm thinking it's definitely not months away, nor even weeks away...but we all know it's the ME...and they drag their feet in the sand...but Trump is a strong businessman who expects that anyone he works with to be prompt, professional, and to get things done...No more lollygagging like we've seen in the past...he knows what is needed and the results it will bring...it all is pointing in a positive way...it is a time to be searching for the nuggets that are thrown out...it may not be heavily announced...in the still of their night...watch for it.
2-19-2017 Intel Guru Frank26 Yesterday Mosul went from Medium Done to...Well Done...IMO.
2-19-2017 Newshound/Intel Guru BGG Article: "Iraq joins the transparency in the arbitration agreement between investors and states" Oh wow - they are REALLY BEATING THIS DRUM right now... Once international investment has both and way in and a way out - you can have "freedom of movement of capital" - AKA TRUE EXCHANGE...then the IQD will be able to move freely as well. They may not be "there" just yet, but they aren't far off. [You mean freedom as in some form of FREE MARKET ECONOMY!] in every sense of the word.
2-19-2017 Newshound Guru loop Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so. Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world... Now for the million dollar question. Is the investment law needed prior to an increase the purchasing power of the dinar? IMO...NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV...HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER...HUGE PIECE OF NEWS! [post 2 of 2]
2-19-2017 Newshound Guru loop Article: "Iraq joined the Convention on the transparency between investors and states" Quote: "National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York." What is very encouraging about...this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law...this is a very big tell. Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future? [post 1 of 2....stay tuned]
2-18-2017 Newshound/Intel Guru BGG Article: "Iraq joins the Convention on transparency between investors and the States" (the vitally important paragraph...) …”Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States”… I don't think I can stress enough - how important this is...and it may not IMMEDIATELY = what your timeline "wants" are - but it is BIG NEWS. Likely, THE TURNING POINT... Read that last paragraph again… (and again) – This may be THE NUMBER ONE piece of Dinar News “pre-RV”. I have been looking for a couple of important pieces to fall into place, this is one of the top 2 or 3...HANG ON!
2-18-2017 Newshound Guru Aggiedad77 ...Prime Minister Haider Abadi, the Iraqi in Munich Security Conference...What message was VP Pence delivering to Abadi, likely IMO coming straight from President Trump...those are the true nuggets of this trip...will Abadi head back to Baghdad tonight on his own personal red-eye flight...has he been given the green light from the leader of the free world...to step Iraq into a new realm...That is what I watch for...it is coming...IMO.
2-18-2017 Intel Guru RayRen98 Up to 45 banks now (handling the dinar). Banks are openly accepting the Iraqi Dinar. As far as I’m concerned that makes it International. Even if not International, all we want is for banks over here to accept it. Other currencies started fluctuating this last week and we put that out there. I knew from past experience these are short windows. We are looking good, and feeling good. ...we wait for the ultimate trip to the bank...I believe we are very close. We are looking for things to unfold any time. We are close enough to know this rodeo is coming to an end, we just don’t know when.
2-18-2017 Intel Guru Dr. Clarke ALL of these time frames, can Change right now, at the drop of a hat, because of the serious turmoil, chaos and unpredictability being demonstrated in the world today, in what we describe as “The Perfect Storm”, now happening toward, and reaching a High Spot, the last week of February. However, we STILL see, these time frames playing out, with the highest of probabilities. There are cycles in place, that are powerfully being completed, and we see them happening, RIGHT NOW. If “The Perfect Storm” gets too severe, especially from Feb. 21 - 26th...it could delay things into MID APRIL…..but we really don’t think, it will...we still think, positive currency movements will take place. In any event, it will be very interesting to see where the Rates are, MID-APRIL, 2017, regardless. [post 3 of 3]
2-18-2017 Intel Guru Dr. Clarke VIETNAM: Very close, if not at the Same Time Frame (Feb. 26 - Mar. 6, 2017), it is our opinion, based on ALL our indicators, that Vietnam will Officially Print a NEW, significantly increased Dong Rate, which will be applicable country-wide...Then, an “OPTIMUM Exchange Window”, that will extend into the Late - JUNE time period (FEB. 26 - Late JUNE), of which, you’ll have many choices (Notice this is Longer than the Dinar Optimum Exchange Window. OPTIMUM being the key word). This is ALL purely our SPECULATION, based on current circumstances. We’re NOT going to speculate about “Rates”, at this time. [post 2 of 3....stay tuned]
2-18-2017 Intel Guru Dr.Clarke ...2 weeks ago...we said that “The Perfect Storm” was coming by the very end of February? ...In our View, this is what is about to take place, from February 21-28, 2017, and is already shaping up right NOW. IRAQ: In our view, and by ALL our indicators, we think Iraq will Officially Print a NEW, significantly increased Dinar Rate, which will be applicable country-wide, between FEBRUARY 26 - MARCH 6, 2017...then, a “6 Week OPTIMUM Exchange Window”, through to around April 16th will ensue, of which, you’ll have many choices. “OPTIMUM, being the key word”. (Use your discernment). The Middle East “REGION” will see more than ONE country’s currency significantly increase, simultaneously. This is an Important Trigger: We also see Iraq making a very important announcement publicly & officially, about ALL of Mosul being ISIS free of control, and Iraq’s improved Safety & Security (with details), on or before February 28, and thus in tandem with the new, official rate. [post 1 of 3....stay tuned]
2-18-2017 Intel/Newshound Guru Backdoc AS SOON AS "MUNCHKIN MAN" (Mr. Mnuchin) WAS SWORN IN HE HAS BEEN PROTECTED FROM THE MEDIA. WHY? BECAUSE WHAT HE IS WORKING ON AFFECTS THE DOLLARS' VALUE AND THE NEW TAX PLAN THAT IS SOON TO BE ANNOUNCED. WE WILL NEED TO SEE THIS ROLLOUT VERY SOON SINCE IT’S LINKED TO THE NEW BUDGET AND TAXES! REMEMBER, LAST WEEK THE U.S. TREASURY CONNECTED THE NEW DIGITAL DOLLAR TO THE DIGITAL DINAR AND YESTERDAY WE SEE THE NEW DIGITAL SWIFT PLATFORM ADMITTING THEY ALREADY CONNECTED TO 60 COUNTRIES! WOW! THIS PROCESS IS NOW IRREVERSIBLE AND IT’S TIME FOR OUR QUARTERBACK TO TAKE THE FIELD BECAUSE IT’S JUST ABOUT GAME TIME!
2-17-2017 Intel Guru Frank26 MOSUL...IMO...is done enough! ...it is done enough to put security and stability into the monetary reform. It is SO DONE … ACCOMPLISHED...that they said...they will put a BANK on the LEFT SIDE...in MOSUL. The MR is right in front of us. They are very, very close to raising the value. IMO...Iraq is international! It’s too obvious...but at a program rate...this is like the Goodyear blimp without helium.
2-17-2017 Newshound Guru Breitling ...Do you think President Barak Obama, President George Bush Jr., President Bill Clinton and President Trump and can get together and deem these note this value and then all of a sudden they are worth a buck? If you think they can do that and have the power to do that then you’ll buy anything. That’s not how it works. They still have to reduce the note count no matter what. No country in the last 100 years has gone outside those principles. This is very easy to follow. [Post 2 of 2]
2-17-2017 Intel Guru Bruce The reason was...the CIPS system. That has superseded the swift system. It was put together to allow wire transfer to occur in as little as 18 sec to 53 sec around the world...attempts...made to integrate the swift system into the CIPS system and make those two systems work parallel with each other in such a way the Swift system can operate at the same speed of the CIPS system...We have that system interrogated approximately 1:30pm EST [Thursday]. What does that mean? The timing was that system was to switch on in its activation at same time the intake for the Dong at the trial exchanges stopped. It wasn’t coincidence. Now we have the ability to do wire transfers all over the world and domestic transfer in the United States at lightning speed without delay, open transparent. The point I am telling you about this is that is to show you how close we are. [post 2 of 2]
2-17-2017 Newshound Guru Breitling One of the emails I get again and again is…”Did George Bush Jr. state that the Iraqi War was going to be paid for and that he brought over a bunch of dinar from Iraq?” There are two answers to this. No he did not. And it’s not provable. But it has nothing to do with our investment. Absolutely nothing at all. So we want to be as sure as we can about out investment…what do you do? You go back to parliament. What did parliament say to the IMF that they wanted to do? What did they say to the Minister of Finance on what they wanted to do? What did the Ministry of Finance say to the Ministry of Planning? What did the Ministry of Planning say the the Central Bank of Iraq? And then what’s going on with the currency? It’s that easy. There is nothing else to ask. [Post 1 of 2]
2-17-2017 Intel Guru Bruce We are in good a position that a lot happened to get us to Tuesday and a lot happened to get to us where we are now. A lot has happened the last 24 to 48 hours. What we heard is what we are going to call early exchanges on Vietnamese Dong. A few weeks ago same type thing going on with the dinar. My understanding this is it. The Dinar was done. The Dong was exchangeable at lower rates which I know were 39 cents to 56 cents per Dong. These exchanges went on for 23 hours and 35 minutes. Then they stopped abruptly. ...the opportunity was a short window today for a reason. [post 1 of 2....stay tuned]
2-17-2017 Newshound Guru firefly Article: "MONDAY, JANUARY 9, 2017 CBI adopts IBAN system" So as we can see, the banks in Iraq ARE prepared. [yep just when are they gonna do it?] We're just going to WAKE UP TO IT. Nobody knows the implementation date but I believe we are closer than we have ever been! [hoping right after Mosul.] I don't believe Mosul is an issue any longer...Mosul will NEVER be 100% secure. But...is it secure enough at this juncture to move ahead with the reforms? My opinion is YES. [It would be real fascinating if the CBI would show a International rate.] They will but it may show on the Arabic side 1st IMO.
2-17-2017 Intel Guru Delta [The TRUE RATE should show up on the CBI website any day! That website...has been empty...the remittance of their auctions and the rate.] Yes...it’s been empty. The remittances are a wire-transfer. They used to have a manual form. In the past if I wanted to send you 1 million dollars...I would have to fill out this form...give it to the CBI...with 24 hour notice...etc. Now...because of IBAN...for the last 6-7 days...the CBI doesn’t have to do things manually anymore. All electronic. We’re just waiting for the NEW RATE. Saddam manipulated the numbers. ...Dr. Shabibi...he said they that wanted to get around $2.80. The rate...if you go back to the 70’s and 80’s it was $2.80. $2.80 was planned by Shabibi and the CBI a long time ago.
2-16-2017 *** Dinar Guru Community News *** I'm saddened to report Newshound Guru Admin Bob passed away suddenly Wednesday . Our thoughts and prayers go out to his family and friends. He has been a fixture in the dinar world for a very long time and will truly be missed. The latest guru posts will continue below...
2-16-2017 Newshound Guru firefly Then we have IBAN. IBAN is different than the Swift system although it IS a part of the swift system. All of this is from the CBI! Iraq is still not listed on the IBAN site...Yet the CBI announced which banks will handle the IBAN...So what does that tell you. remember Swift is used between BANKS...IBAN (International Bank Account Numbers) is for the PRIVATE SECTOR for international transfers. The fact that banks in Iraq are READY for IBAN excites me intensely. I'm sure it also has the contractors and foreign companys excited as well...too many items lining up to ignore! [post 2 of 2]
2-16-2017 Newshound Guru firefly Article: "World Band preconditions "reconciliation" for supporting Iraq" Quote: "World Bank regional sources reported that it will grant Iraq its financial support in parallel with the reconciliation project after defeating Da'ish (ISIS) organization." I mentioned many months ago how important the National Reconciliation Law is to our investment! [How long will that take?] Still not transparent but many promises made according to articles that it is just around the corner. [post 1 of 2....stay tuned]
2-16-2017 Intel/Newshound Guru Backdoc LET'S FIRST REMIND YOU THAT LAST WEEK THE UST WAS IN IRAQ AND THEY HOOKED UP THE DIGITAL DINAR TO THE DIGITAL DOLLAR... NOW TODAY WE ARE SEEING IMPLEMENTATION OF THE DIGITAL DOLLAR WHICH I TOLD YOU WOULD HAVE TO OCCUR PRIOR TO THE EXCHANGE OF ANY DIGITAL ASSET-BACKED CURRENCY! TODAY THE DIGITAL DOLLAR IS CONNECTED TO OVER 60 COUNTRIES! NOW THAT IS IMPLEMENTATION MY FRIENDS! THE FINAL STAGE IS NOW SET TO ROLL...WE HAVE A LOT TO BE EXCITED ABOUT BECAUSE NEXT WILL BE OUR TURN! [post 2 of 2]
2-16-2017 Intel/Newshound Guru Backdoc Article: "The introduction of the new service "Swift" for innovation in global payments" TODAY IS MORE THAN THE ANNOUNCEMENT ABOUT THE NEW DIGITAL SYSTEM...A FEW WEEKS AGO WE SAW A PREVIOUS ARTICLE ON THE NEW DIGITAL SWIFT SYSTEM AND THAT THEY HAD UPGRADED TO THIS NEW TECHNOLOGY. THEY HAD NOT OFFICIALLY IMPLEMENTED AT THAT TIME BUT TODAY, BOOM! IMPLEMENTED. I HOPE YOU UNDERSTAND WHAT THEY ARE SAYING HERE! [post 1 of 2....stay tuned]
2-16-2017 Intel Guru Frank26 Remember the article about the AIRLINES? They said...don’t accept any foreign currency...only the IQD. So...what did we see today in an article? It said THEY CANNOT do it...SITA is our program/computer and SITA will not receive as a form of payment with our existing dinar due to the flux of the dinar. The airlines were TOLD by the CBI and the GOI. This article was a PREMATURE STATEMENT! They cannot end using USD’s until they raise the value of their currency! Their program rate is still in the...SITA system. The only way to stop the problem...is to raise the value.
2-16-2017 Newshound Guru mike Article: "Parliamentary Finance: The government withdrew its $ 48 billion cash reserve" Now we're down to $40 billion in reserves and essentially, nothing's changed. I don't see oil prices surging back to $100 a barrel and terrorism is never going away. Iraq needs to course correct now, there's no more time to waste.
2-16-2017 Intel Guru Delta A lot of you are looking at the UN Operational Exchange Rates. That has nothing to do with Iraq. Iraq doesn’t have to wait until the next UNOP rate date changes. We believe that the budget was passed...and showed up in the Gazette on the 9th. Did you see the budget implemented yet? No. What are they waiting for? The only time you have to amend the budget is if you changed the rate. YOU SHOULD BE VERY EXCITED! The BAS News website ...that showed a rate...the newspaper took down those numbers...Where did those numbers come from? Software. At that time...they were testing the new rate. We continue to watch for the NEW RATE...that could happen ANY DAY...ANY MINUTE. We believe that in our hearts...this is our month... The TRUE RATE should show up on the CBI website any day! [post 3 of 3]
2-16-2017 Intel Guru Delta An article from the IMF...they say that every member nation...when they want to change their rate...the IMF has to know within 30 days of the implementation. These are NOT rumors! This is fact from the IMF website. The 30 days give you 3 windows...the 4th the 12th and the 17-19th...so we believe...this week...for Iraq to show the rate. It’s never happened before for them to remove the indicative rate for that long. Where does the indicative rate come from? This indicative rate comes directly from the IMF...they give that to Iraq... One of the memos that we found talked about the exchange rate. The CBI controls the market price...auctions and cash. The thing that can’t control anymore is the TRUE RATE! ...the CBI...they got the permission...we believe within the last 72 hours. This is NOT rumors! This is a fact from the IMF. [post 2 of 3....stay tuned]
2-16-2017 Intel Guru Delta The CBI and the program rate...what is going on there? January 2017 the CBI...all of the sudden the program rate was taken off. January 2, 2017...when auctions started...the spreadsheet...the program rate 1184...and then January 12, 2017...we watched it...they had an auction...the numbers disappeared. ...the program rate is gone...the spreadsheet...the indicative rate. Why is that significant? Articles from the CBI (long time ago) stated that they couldn’t have 2 rates in the same fiscal year. When the CBI and the GOI decide to come up with a TRUE RATE...that must happen in the beginning of their FISCAL YEAR...That should have been the 1st week in January 2017. It didn’t happen at that time for whatever reason. They agreed not to postpone. The meeting on January 17 to 19th with the IMF...everyone involved...everyone was there...and we believe that that date was a high possibility of them getting the green light to lift the value. [post 1 of 3....stay tuned]
2-16-2017 Intel Guru Bluwolf All things already talked about and expected to occur are now...coming into reality...and they will be revealed through a domino effect process, just falling into place one behind the other. As some whom have seen some recent screen rates sort of high, let me informed you that those are just placeholders for all the rates are still floating, but one thing is for sure is that the real rates will be much higher than seen by these folks. The turmoil of political events now in DC are being structured to delay our blessings but the guy with the Golden hair knows of that and is pushing forward...That is where we are folks as we speak. See you at the banks...
2-16-2017 Newshound/Intel Guru BGG Article: "Rasheed Bank grants loans to citizens of up to 30 million dinars" [...any thoughts on Rasheed bank starting car loans and buying Us dollars from citizens!] 1st - why would they loan money in an economy "like this" - up to... 30,000 USD. 2nd - who would want to get rid of their USD?? Seems like a real shift in perception of the IQD value on the street is coming...or at least Rasheed is forecasting one.
2-15-2017 Intel Guru RayRen98 Intel-wise, nothing much has changed from Monday. We did have some nice developments yesterday...a potential leverage opportunity for dong. Texts and calls came in. Some told us that you had to have an account at the bank already, but they were told repeatedly that the rate was $38,000 per million dong, so they intended to come back today, but the window had closed. Another person was told $500+ for a million, but by the time their friend was able to get there, the rate had changed. This morning, a bank quoted 40 cents on the dong, and that person rejected the rate, because they didn’t understand the power of leveraging – they were waiting to reach a better rate. This has been an interesting week, after a slow start and then the...the leveraging opportunity came from out of nowhere. I don’t know when the next thing will happen. Intel is saying a couple more hours or days, so I am on for this week, and I’m ready for any day, every day until this happens... We look forward to what happens in the future as we await the public release of the RV, which is already done, IMO.
2-15-2017 Newshound Guru Aggiedad77 Article: "Iraq looking for partners to finance the 4500 project laggard in excess of $ 5 trillion dinars" ...articles today are so focused on bringing investors in...looking for external help to get their economy back on track...working with existing projects to get them jump started again...this all screams of Economic Reform... Monetary Reform...but it bellows IMO...a rate change that has to be on the edge of the cliff ready to push Iraq into some kind of warp speed as a real time player in the international world...it's coming...and I'm not sure much of anything can stop it...the BEST is on the way...IMO.
2-15-2017 Newshound Guru Adam Montana ...to get right into it - no HCL, no RV. [Do you think that the actions of President Trump toward the Arab nations (especially Iraq) will have a negative impact on the RV of the Dinars?] Not at all, actually! I see positive things happening, not negative.
2-15-2017 Intel Guru Frank26 IMO...the UST put a ban on the USD inside of Iraq. That’s why it’s TIME’S UP! The USD is not to be used anymore for interior transactions...they are to use eDinars. IMO...all agencies have their hands off...everything is in the hands of Abadi and the CBI. It’s now time for Iraq to bring out the new rate...and I believe the time is now. We have never been to this phase before. Congratulations Iraq. Another 45,000 troops...not for Mosul...but to protect Iraq...POST MOSUL. Figure that one out! First time...we’ve ever seen this progress is ONLY waiting for the indicative rate...which has been missing for over 40 days now. Yes, Mr. Trump gave a beautiful speech about currencies...and value for value. The IMF recently that the US will pump-up the world’s economy. For the IMF to say that to the world...that is currency evolution. There is no rate on the UN Operational Rates chart. Yes, and that’s because there is no rate on Iraq’s spreadsheet. There is nothing random here...everything well orchestrated. I am expecting something. IMO … we are very close. TIME IS UP...LET’S ROLL!
2-14-2017 Newshound Guru loop If they (IMF, WB, UN, UST) pushed them out of the nest, when they were not ready (as some have alluded to) their economy would go splat on the ground like Wylie Coyote. And there is no way they (the world ) want that to happen. Just look at their actions that they have taken to guide Iraq in getting this right.
2-15-2017 Intel Guru Frank26 Article: "Dong strengthens against US dollar in early 2017" Nam is the child of China...China loves to devalue and take advantage of world trade...IF...China devalued as they threaten...do You think the Dong would Revalue? It would be dragged down...Just look at it's currency value fluctuation in the last two years. Nam IMO...HAS to obey China in all things or they would be suffocated by their rule over them. USA would be helpless to only watch...Because war would be...Illogical when there are other markets more stable and secured...Sooooooooo...i and You need to pray China OBEYS President Trump to...PLAY FAIR! The Dong IMO is a good investment...Just don't know the date nor rate...BUT hence why i suggest more than a year away.
2-15-2017 Intel Guru Bruce ...we heard in Iraq...that they did get their smart cards charged up at the new rate. Beyond that, everything seems to be moving where we should be there. We are hearing the work taking place to remove ISIS is happening. There are a lot of Special forces from about 6 different countries that are combining to put a strong effort together to rid ourselves of that situation not only there in the Middle East, but around the world. So we are in the midst of a lot of activity now. Sounds to me like we are just getting ready for this to go down for us. We are in a great position for this to go through... Not going to call it. We thought we have it before tonight [Tuesday], but hearing good things, good info pointing to the next few days. I think we are that close guys, really good shape to come through for us. I just got confirmation on the John Q Public in the range of February 20th. [post 2 of 2]
2-15-2017 Intel Guru Bruce We were looking for Steve Mnuchin to be sworn in as Secretary of the Treasury...He did get sworn in...and...I can’t verify this, only hearsay, that he needed to be in sworn in and be in that position for 24 hour before we went. If that is true then...Maybe we are at that point we can go forward. We heard today a tweet went out talking about leveraging the Dong. It ends up that if there was leverage it was at the bank’s end and not at our end. We haven’t been able to find good confirmation whether the Dong at teaser rates from 30 cents to 50 cents on the Dong was actually exchanged. It would be interesting if it is occurring...however... I can’t get it proven to me. [post 1 of 2....stay tuned]
2-14-2017 Newshound/Intel Guru BGG Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way - they don't "self-determine" that...they have to garner such support. Who cares what you price your "product" (ie; currency) at - if no one will buy it? Saddam found that out the hard way...anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year? WITHOUT INTERNATIONAL ACCEPTANCE? nothing...zip...crickets. why? they hadn't quite met the mark just yet...and they were a little ahead of the game. Now - even this AM, we've got MP's coming out saying there will be NO SECTARIANISM in Iraq ever again...they may not have it all figured out just yet - but they are getting feel of the song...and these vibes (from the world community) is what I said TO BANK ON... mainly because it's the trend line I'm seeing in the News - period. No prediction needed. Iraq appears to have a few items to take care of yet... and they look like they are well on their way to giving the world community what they've been asked for.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" IMO, Egypt only has tourism... Iraq has wealth way beyond oil, gems, gold, etc. If timed correctly I do not see the dinar going anywhere but up. The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.
2-14-2017 Intel/Newshound Guru Mnt Goat I find it very funny now how many...are only now jumping onboard the ship and coming to the reality that perhaps it is the final liberalization and the enactment of the reconciliation law effort waiting for the RV. This will give Iraq the STABILITY and SECURITY it needs to allow the CBI to implement the next phase of the currency reform that of the project to delete the zeros. But hold on everyone! ...there is still the problem with the Iranian influence. This issue has been the major reason Iraq is in this war with ISIS in the first place. This is the reason why it is so hard to have peace and security in Iraq. So when Abadi officially announces the “full” liberation of Iraq there will still be this lingering issue. So it is not over till it’s over. So today we hear news that the newly elected Trump is cracking down on Iran and telling them to get out of Iraq. Again he is flexing the muscles of the USA military. He is walking tall and carrying a big stick! My personal feeling is that - ITS ABOUT TIME!
2-14-2017 Newshound Guru loop Article quotes: "Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world." "the size of a large work is almost not available in all countries of the world" THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES. Quote: "to be the basis of national duty starting a new phase reaches us safely economic" IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO... JOINING THE WORLD MARKETS.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" Quote: "The floatation was part of a package of reforms introduced to secure an IMF loan of $12 billion to overhaul the economy." I do expect Iraq to follow suit once ISIL is gone from Iraq. The result will be different of course because Iraq has so much more to offer than Egypt. The key here is the float is part of the IMF reform program.
2-14-2017 Intel Guru Frank26 There is a period...that I call 72...72 hours...and IMO...the 72 HOURS...we STRONGLY agree that this period started WEDNESDAY into THURSDAY. That was on the 8th. On Saturday night... TIMES UP...and I was hoping to see a number on Sunday morning. What happened? Did something go wrong? No! Iraq is a sovereign country...and they can do it when they want...and boy oh boy are they getting ready too! [post 3 of 3]
2-14-2017 Intel Guru Frank26 AIRLINE TICKETS...told not to take anything but IQD... more MCP evidence. This means that Iraq...at that moment...had control of their currency. Once Iraq switches over...only accepting/using IQD...this is a MONSTEROUS STEP...all done within the 1st quarter of 2017. MCP...this is a huge thing with the IMF. Since the 4th of January...the indicative rate TOOK OFF! Since then...Iraq was not really in charge of their rate anymore. That’s why the CBI is WAITING...on the IMF...waiting for the new numbers to come out. The testing of the NEW NUMBERS...it went perfect! These NEW NUMBERS...everyone is now waiting. [post 2 of 3....stay tuned]
2-14-2017 Intel Guru Frank26 Abadi and the CBI...pay close attention to what the IMF wants of them. In my opinion ...I expressed why...the TIME WAS UP for Iraq and their monetary reform. The IMF is the governing agency...tries to EQUALIZE world currencies. As you know, China is a currency manipulator. You saw what happened in Iraq with the MCP (multiple currency practice). You don’t see an indicative rate on the CBI’s website. The EVIDENCE points... 28...ARTICLES...to the fact that they are...IMO...doing that! TIME IS UP...IRAQ... YOU’VE GOT TO RAISE YOUR RATE NOW! [post 1 of 3....stay tuned]
2-14-2017 Intel/Newshound Guru Backdoc MUCH HAS BEEN SAID ABOUT IRAQS' BUDGET (AS WE ALL KNOW) EVEN TODAY, IRAQ SPEAKS OF MAKING AMENDMENTS TO THE BUDGET ALREADY. WELL, WE HAVE A GOOD IDEA WHAT THOSE AMENDMENTS ARE FOR, DON'T WE? Hee Hee.
2-14-2017 Newshound Guru mike Article: "Parliamentary Finance: Iraq's debt exceeded $ 100 billion" Quote: "Iraq's debt exceeded $ 100 billion, and divided by $ 35 billion internal debts and $ 70 billion in foreign debt, and came because of the government's borrowing to fill the budget deficit during the past three years". ...the $35 billion is part of the bonds that the CBI bought from the GOI, it was a workaround for the law preventing the CBI from loaning directly to the government. I've been watching these guys flounder around for the past two years, all the while the reserves are eroding. And still, no movement on the open market economy... News flash, Iraq, building your economy and creating trust in your banks takes years to get off the ground, you've wasted enough time. Iraq's credit rating will never improve with this type of financial performance. Your move, Abadi.
2-13-2017 Intel/Newshound Guru Backdoc [...you made reference to the end of february and be ready for the 1st of march...do you really feel we have another two weeks to wait to see the un operational rates activated?] THE NEW DOLLAR AND THE E-DINAR COULD BE REVEALED AT ANY TIME BUT IT MIGHT BE A FEW MORE DAYS BEFORE THE PUBLIC VIEWS WHAT IS BEING CURRENTLY HIDDEN FROM VIEW. TRUMP WILL BEGIN TO ROLL OUT HIS PLAN SOON AND IT WILL START IN THE HANDS OF HIS PUBLIC MOUTH PIECE, ALL EYES WILL SOON BE ON POTUS AND MUNCHKIN MAN AS THE ROLLOUT BEGINS! UN RATES WILL BE WHERE THEY WANT THEM WHEN THEY WANT THEM AND NOT BEFORE. THE UST IS IN CHARGE! THE WORLDS STANDARD OF VALUE IS ABOUT TO CHANGE AND THE WORLD WILL SEE ALL TRADE AND SHIPPING COME TO A TRADE PARITY... [post 2 of 2]
2-13-2017 Intel/Newshound Guru Backdoc I BELIEVE THAT "MUNCHKIN MAN" (Mr. Mnuchin) HAS BEEN IN SINCE FRIDAY OF LAST WEEK...BUT OF COURSE TONIGHT WILL MAKE IT OFFICIAL PUBLICLY. REMEMBER WHY THE U.S. TREASURY WAS IN IRAQ, THEY ACTIVATED THE NEW ASSET-BACKED DIGITAL (BLOCKCHAIN) DOLLAR WHICH WE KNOW IS DESCRIBED BY BETTER SPEED, EFFICIENCY, AND SECURITY! YES, THIS ALLOWS THE SYMBIOTIC MARRIAGE OF THE E-DINARS TO BE ACTIVATED! THE TRUMP CARD WILL SOON BE PLAYED TO THE PUBLIC AS POTUS BEGINS TO MAKE HIS PUBLIC TAX PLAN KNOWN OVER THE NEXT 2.5 WEEKS AS HE SAID. THE PUBLIC EXPRESSION ON THE SURFACE IS JUST AS IMPORTANT AS WHAT WILL BE DONE BEHIND THE SCENES. MY GUESS IS "MUNCHKIN MAN" IS BEING PROTECTED TO DO HIS IMPORTANT WORK. THE 2.5 WEEKS LINES UP NICELY WITH THE NEW UN OPERATIONAL RATES TO BE UPDATED IN FEBRUARY AND TO BE SEEN ON MARCH 1ST! [post 1 of 2....stay tuned]
2-13-2017 Intel Guru RayRen98 We heard some possibilities on Friday but they didn’t come through. As for Iraqi news...The CBI still has not updated their rates after 30+ days; something is going on there. The UN rates are usually updated by now as well, but there is no new posting yet, no indications. ...my best source keeps saying “it’s done, just be patient.” Over here...I’ve received information that some banks have started contacting large currency holders, although I don’t yet know why. Some members are being told to check in every day because the banks think something might happen. Somebody must be expecting changes pretty darn soon. Some believe that swearing in the Secretary of the Treasury will get the ball rolling, and others think it is already rolling. I really don’t know if that is relevant. Things are looking good and there are several indicators that this will be a good week.
2-13-2017 Intel Guru ADMINBILL THIS SHOULD BE A VERY INTERESTING WEEK FOR US ALL. DO NOT LOOK FOR AN EVENT TO OCCUR FATHER SIT BACK AND BE READY TO TAKE ACTION. BASED UPON WHAT I HAVE BEEN INFORMED THE PROCESS IS NEARING AN END AND SHOULD BE COMPLETED THIS WEEK. I AM NOT SURE WHEN EACH CURRENCY WILL ROLL OUT NOR DO I CARE. ONCE IT STARTS WE WILL KNOW THE REST WILL FOLLOW AND THAT IS ALL THAT MATTERS...WE WILL BE HAPPY.
2-13-2017 Newshound/Intel Guru BGG [Can someone explain why this CANNOT revalue at .05? and I mean CANNOT, not why you THINK it won't. In addition, if it does increase to that number, it's still considered an RV and increase in purchasing power, much more than they have now. DO they HAVE TO RV? Do they HAVE TO increase to a logial rate?...] 1) It can easily "revalue" to .05 - fact... will it?... 2) It would be considered some kind of "upping" of purchasing power - but won't change my calculus ONE LITTLE BIT. NOT ONE... 3) Do they have to? Maybe not - but it is clear they WANT TO - IN THE WORST WAY... bad enough the are taking their Q's from the UN, IMF and WB - BANK ON IT.
2-13-2017 Intel Guru Frank26 Time is up...We do not give you a date...we do not give you a rate. There is a period of 72 hours that would be given to Iraq and IMO the 72 hours is up. The 72 hours began when all of the agencies, the UN, IMF, WB were in agreement with Iraq...when all the work was complete...I believe they completed a lot of the steps of the Monetary Reform and the period of 72 hours is up, IMO. The 72 hours is a time to prepare in which Iraq would release a new rate and I believe that time is up. IMO, Iraq is being thrown off of a cliff like a baby eagle and we expect it to fly. This is a time to celebrate.
2-12-2017 Newshound/Intel Guru BGG & Newshound Guru loop [are you upbeat on the GOI and banking progress?] BIG TIME! HUGE PROGRESS... they are (probably) right at the doorstep of what they need done. Once a couple of things are done - they are fiscally ready to pull the trigger. IMHO. [What are those couple of things that need to be done?] We know that stability plays a major piece of this puzzle and form a banking standpoint I believe they are there. I have started coming to the realization that Mosul being ISIS free and a start of the national reconciliation may very well be what the IMF and the world bank are looking for. I am still very very optimistic about where we are. The big picture that their actions are pointing to is the main reason for this.
2-12-2017 Intel Guru Jester THEY ALREADY HAVE ALL THIS FIGURED OUT... AND WHEN THE TIME IS RIGHT THE CHANGE WILL START... IT TAKES TIME TO OVERTURN THE SYSTEM WITHOUT CRASHING IT... [Not asking for a date but do you think it will be months or possibly years...the system is soooo big?] CAN YOU NOT SEE IT HAPPENING BEFORE YOUR EYES? ...RESTRUCTURING THE ENTIRE SYSTEM IS HUGE... IT HAS BEEN A CORRUPT ENTITY FOR A LONG TIME... THE ONLY THING THAT TRUMP IS DOING IS MAKING FRIENDS WHERE WE DID NOT HAVE FRIENDS BEFORE SO WE ARE NOT LEFT OUT IN THE COLD WHEN THE TIME COMES...
2-12-2017 Newshound/Intel Guru BGG [What's your thoughts on...Trump, and what he said about the currencies yesterday?] I would take what he's saying as more of an illustration and not a "literal" statement. However, he seems to be very direct and means to do as he says...him having the "currency parity" stance and seeming to want to enforce that philosophy - IS VERY GOOD FOR US...Especially since Iraq is likely the most undervalued currency on the PLANET.
2-12-2017 Newshound Guru loop The banking sector is light years ahead of where it was just a year ago. All of their actions point to getting ready to for entry into the world markets. IMO.
2-12-2017 Newshound/Intel Guru BGG 2nd part...here's the real interesting question...WHY ON GOD'S GREEN EARTH does a private company all of the sudden decide they want to start taking in IQD (which is regarded by many in Iraq as WORTHLESS - and hard to deal with)? insisting on...them use IQD to pay for flights. this is what everyone is missing. The freemarket change in perception... ever so slight - but it just happened. ...they know what is coming soon...they are looking for appreciation - just like you and I. [post 2 of 2]
2-12-2017 Newshound/Intel Guru BGG [Have you got any follow up info on the...FOREX...and...the airlines?] I did some checking - the Forex jive is pure BOGUS... The IQD has been listed on many Forex platforms for a long time...whatever tiny fluctuations you see throughout the day are reflections of tiny moves in the currency they are "pegged to" - or paired with for a quote... NOT any change in status or value of the IQD (YET). [post 1 of 2....stay tuned]
2-12-2017 Intel/Newshound Guru Mnt Goat Article: "Mr. Ammar al-Hakim Kubiš: single community reconciliation task of the settlement vocabulary" Quote: “He said the two sides stressed that national reconciliation is the perfect choice for the post Daesh and exit Iraq from security and political crises”. So what does this statement by United Nations, Jan Kubiš mean? What is the significance to us? To me it means IMPLEMENTING the National Reconciliation is the SECURITY and political STABILITY we have been waiting for. Why have we been waiting for this? Because the CBI told us they “postponed” the project to delete the zeros until such time there is adequate STABILITY and SECURITY…WOW!...Its coming…
2-12-2017 Newshound/Intel Guru BGG [...your thots (thoughts) on the lack of updates by the cbi?] I'm not sure what to make of that - it is VERY DIFFERENT, NEW and WEIRD. I suspect it has something to do with what we are after - I just don't know exactly what...plenty of folks saying it's no big deal. (they would be wrong). the longest stretch I can remember in many years was 3 or 4 days. We are at 37 days and counting. P.S. I can recall nowhere the Iraqi constitution requires some rate change within 30 days of no posting (or any other combination of events ending in an RV).
2-12-2017 Newshound Guru Aggiedad77 Article quote: "And by a memorandum of understanding, it would have to all states to cooperate with the Iraqi state to recover the money stolen and smuggled, by virtue of the United Nations mandate and its impact on the international level." This is another HUGE piece of the puzzle...as pieces keep coming together...they keep being so transparent in new ways, showing the world what they are doing and just how serious they are at bringing to justice those who have wronged not only the country of Iraq but the people of Iraq as well...in my thinking this is a big ticket item for them to look outside their own culture for this help...not only are they recognizing they can't do everything for themselves, they are recognizing the expertise that the world is willing to make available to them to right so many wrongs...new beginnings...an evolution of good things to come...watch for it...all IMO.
2-11-2017 Intel Guru ADMINBILL ACTIVITY IS SAID TO BEGIN MID-WEEK WITH EXCHANGES POSSIBLY BEGINNING FOR MOST CURRENCIES THEN. ALL INFO POINTS TO SOON. FROM WHAT I AM TOLD IT IS PROCESSING THROUGH WITH NO SPECIFIC END TIME WHICH IS WHY IT APPEARS TO BE A MOVING TARGET. [...has it not came to a stopping point till Mnunchin is confirmed?] I HEAR BOTH POINTS OF VIEW BUT I LEAN TO HE MUST BE CONFIRMED. TREASURY MUST SIGN OFF ON THIS IN MY OPINION. I DO NOT THINK THE PRESIDENT CAN SIGN OFF FOR THE SECRETARY OF THE TREASURY.
2-11-2017 Intel/Newshound Guru Mnt Goat The news today mostly centers around the final plan to liberated Mosul and the aftermath. We are seeing the preparations being made for this event and we are told it will occur very soon. The next issue facing Iraq is what will happen with the Mosul region once it is fully liberated and the troops are removed? Will the Iranian militants or another radical group fill the gap? We are told that the implementation of the National Reconciliation Law will provide solutions to these issues. We are also told this will be implemented post-Mosul liberation and is now ready and agreed to by all parties.
2-11-2017 Newshound Guru Breitling …Because now it’s impossible to cheat. What are they going to be forced to do? They [China] are going to be forced to add value to their currency. And Vietnam is going to add value to their currency. That’s what I anticipate coming down…whether it’s 2017, 2018 or 2019 I don’t know. I depend on numbers. i depend on policy and it helps me speculate. You need to concentrate on that word speculate. I don’t have a crystal ball…I believe in the reevaluation of the Vietnamese currency. But I don’t think the Vietnamese currency and the dinar are going to revalue at the same time and there is no sort of global reset. that’s the biggest lie I’ve ever heard. [Post 2 of 2]
2-11-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" So representatives from US Treasury, New York branch of the Federal Reserve, and the manager for the Bank of York flew all the way to Iraq to pat them on the back and say good job. This in and by itself is great news... However the more that I think about this the more convinced I am that there is more to their visit then what the news is reporting. STILL LOVING THE NEWS.
2-11-2017 Intel Guru Frank26 [...is this the first time the IQD has appeared on the forex?] No. But IMO...Very soon...It will be the FIRST TIME it will appear on Forex...With an International Rate and NOT a PR. (Program Rate). [so frank have the horses been let loose yet at the gate? is the 12th to the 15th still looking good? I think Monday they are going to vote on the treasury secretary.] IMO...Yes...Yes.
2-11-2017 Newshound Guru Breitling I have the Vietnamese currency and I’m watching very closely what’s going on with China. Vietnam competes with and follows China. If China lowers the value of it’s currency, Vietnam going to lower the value of it’s currency…because it’s a competing labor force. It’s what those countries have. If China raises the value of it’s currency, Vietnam’s going to follow. So what’s on the table for China? The reason they can lower the value of their currency is because the number one market is the United States. We are the biggest consumer on the planet. And if there’s no tariffs then guess what? They can devalue their currency all they want. But the minute we put tariffs on anything coming into the United States from China then it’s a bad idea to lower the value of your currency…. [Post 1 of 2 Stay tuned for the rest of the story ]
2-11-2017 Intel Guru ADMINBILL ...IT IS MY PERSONAL OPINION THAT WITHOUT STEVE MNUCHIN SWORN IN AND IN PLACE AS THE NEW SECRETARY OF THE TREASURY WE WILL NOT SEE THE RV. THE FULL SENATE VOTE FOR STEVE MNUCHIN HAS BEEN MOVED TO MONDAY EVENING BY THE SENATE LEADER TO "AVOID A RARE SATURDAY SESSION". THEREFORE IT IS MY HUMBLE OPINION THAT WE MAY SEE NEAR IMMEDIATE ACTION COMMENCING TUESDAY OF NEXT WEEK. THE INFORMATION I FORMED MY PREVIOUS PREDICTION ON IS BASED UPON SOLID INFORMATION AND IS STILL VALID ALTHOUGH I BELIEVE THE TRIGGER TO COMMENCE IS STEVE MNUCHIN. I MAY BE COMPLETELY OFF BASE BUT I BELIEVE THIS IS AN ACCURATE SUMMATION OF WHERE WE ARE TODAY.
2-10-2017 Intel Guru RayRen98 [Do you believe this RV will be this month or year?] A: Yes, and yes. My intel says that the banks are ready for this to pop – they see rates and receive memos, but still no forward movement. That is a question mark, and we wait. In Iraq, my best people there are saying ”it’s done”...They keep saying “it’s done”, and they are waiting for things to happen, too. There is definitely progress... The CBI has not changed their rate for a month, and everyone over there knows that something is going on. We are in a holding pattern still. I did expect movement this week, and there was some over there, but the changes here didn’t move as much as I expected. I can see this happening this weekend, next week, any time this month...but I cannot lock in on a date because there are still a few pieces missing.
2-10-2017 Intel/Newshound Guru tman23 Article quote: "Iraq on Verge of Bankruptcy: MP...MP Sarhan Slivanayi said if the Iraqi government does not depend on the Central Bank of Iraq (CBI) to withdraw money from, there remains nothing for it to count on. Salaries and the budget depends on the international loans and using up Iraq's reserved funds." ...BETTER GETTER DONE...OTHERWISE AS I HAVE SAID MANY A TIMES...IRAQ BY DEFINITION IS BANKRUPT...THE TIME TO ASK FOR ANOTHER LIFE SAVER TO BE TOSSED...SO THEY CAN FLOAT ALONG HAS PAST...TALK ABOUT BEING IN A CORNER!...GOOD FOR US!
2-10-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" The Association of Private Banks had a meeting. Look who was there! Look at the focus of the meeting. Current efforts to combat terrorist financing and money laundering as well as continued training of employees in the aforementioned areas and providing the best banking services. John Sullivan, the US Treasury representative currently stationed at the the US Embassy in Baghdad, "expressed appreciation" for their efforts. John Sullivan is the same person who made the statement back in December that Iraq has accomplished more financial sector reforms during 2016 then in the previous 13 years combined. We continue to see outside financial/banking concerns expressing how well Iraq is doing with reforms in this area. They still have lots of work to do, but they continue to take the needed steps to enter the global financial markets again...IMO.
2-10-2017 Intel Guru Bruce Another thing is we also heard that the cabinet positions have been moving along slowly. The confirming of the Secretary of Treasury and the swearing in the Secretary of Treasury. Both are important to us. Is that the actual trigger? That is what we are hearing. We will see. I would say over the next couple of days from Friday and Saturday all looking beautiful. I think we are really in great shape. [post 2 of 2]
2-10-2017 Intel Guru Bruce Let’s talk about Iraq...My understanding was the President was going to have a private call with Prime Minister Abadi of Iraq and that occurred about 3pm [Thursday]. The affects of that were very positive for us. We heard Iraq will change or already changed the way they take reservation for their flights in and out of Iraq and ticketing in US dollars to be changed over to Iraqi Dinar...that ultimately this moves the dollar out of that system and brings the Iraqi Dinar at some rate. It has to be at a revalued rate. Maybe not the final end all rate but a newly revalued rate. That is a very positive thing. My understanding is that was done or talked about being done. The call that took place little after 3pm may have moved things along for us a bit quicker than they anticipated. [post 1 of 2....stay tuned]
2-10-2017 Intel/Newshound Guru Mnt Goat I do not normally talk much about the banks but I will make an exception today. Earlier this week I was called by my banker who told me that a fresh set of rates appeared and he was called by the head office to anticipate currency rates going live very soon. So we know the rates have been re-run and refreshed downstream to the banks. We know this operation is done in the USA and so it already tricked down to European banks. Could they change again and get refreshed again? Yes – but this usually means they could go live soon, as I was told... The bank manager is a friend of mine...So no rumored bank stories here. This could mean something or it may not. But it was a tid bit I thought I would share.
2-10-2017 Newshound Guru MadDScout "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" This is trying to create FDIC (like) insurance for deposits... I think it would be very important if one wants to regain trust in the banking industry in Iraq...And the advances in the ecommerce are helping also. A report 2 days ago says Iraqi spending is up 70-80%. We have been seeing these steps recently all being put forward...There is much work going on even if the 3 zero project appears on hold... The project only waits on the right conditions...
2-10-2017 Newshound Guru Breitling ….We’ll wake up and just find out. At what rate? At what pace? We don’t know…let’s say it revalues at .05 cents or .10 cents… I’ve been trying to talk people into understanding what could happen and not jumping off a stinking bridge or jumping out of a basement window because it doesn’t come out at a dollar seven the first night. The value will go up. It will progress. The value will keep going up….don’t get stuck on the day it’s going to revalue and what it is. It’s going to take a while to trend...and how the market in Iraq reacts. It’s not a magic wand. It never was and never will be.
2-10-2017 Intel Guru Frank26 I was talking to some of my friends...who have invested for many, many years in Iraq...like 8 years now...my friends have established businesses in Iraq...not profitable at a program yet...they haven’t made a penny…but they are in IRAQ! One of them told me that they have these ATM machines...and the CBI wanted them to install the ATM machines. So they did...and he said that “we’ve got over 1,000 machines in the Northern region of Iraq...but they are NOT programmed yet for the new monetary platform that they are trying to establish. The software is different. The old machines don’t recognize the lower denoms. You know what’s on this ATM? “MASTERCARD” with their big logo...which says “INTERNATIONAL”.
2-10-2017 Newshound Guru loop Article: "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" Quote: "Parliamentary Finance Committee has proposed converting an Iraqi insurance companies to the guarantor institution to domestic banks in order to restore trust between the citizen and the banks." This is something right out of the IMF SBA banking reforms. They need to guarantee those deposits and it appears that they have figured out a way to do just that. If the citizens do not trust the banks the economy will struggle. The banks need the liquidity.
2-9-2017 Intel Guru Frank26 In addition...the eDinars were launched! Why are they important for the US Treasury and the IMF? eDinars represent SECURITY and STABILITY. From the 12th to the 15th of February. [Guru] Delta and I believe this to be a good window to see a change in the rate. IMO...from the 12th...if they wanted too...they could approve a NEW RATE for their currency...then 3 days later...legally...they could put it in the UN Operational Rates on the 15-16th. Isn’t that interesting? The coming weeks...they have BIG reasons to lift the 3 zeros from exchange rate...and bring back the GLORY DAYS of the IQD. [post 3 of 3]
2-9-2017 Intel Guru Frank26 On the spreadsheet...CBI website...the cash portion that was being shown on the Arabic side...auctions stopped...on Monday. No more numbers of cash...No more credit numbers...No more remittances for world transfers. Everything ...is gone...just like the rate did on the 4th. So...can all banks in Iraq do transactions internationally freely ...on their own? Yes! Now the CBI doesn’t have to do all of the work (paperwork) to move money for the banks. Those days are gone! No more CBI telling the bank branches how to do international transfers. This is a BIG step of the monetary reform! Moving from MANUAL to ELECTRONIC to do business with an international world! The only thing that is missing is an INTERNATIONALLY accepted RATE...NOT a program rate. [post 2 of 3....stay tuned]
2-9-2017 Intel Guru Frank26 [Guru] Delta...said that the CBI website has...No program rate since the 4th of January...The cash portions haven’t been labeled...There are no LOC’s in the auctions – anywhere...Now the auctions don’t even show any remittances. The CBI met at 10am on Tuesday with many, many big bank managers in Iraq and they talked...about their INTERNATIONAL banking structures...money transfers...and WHEN they are planning on going INTERNATIONAL. ...have you seen any auction lately at the CBI? No! No more auctions! No more MCP’s? We are inching closer and closer to what the UST and the IMF wants... ...don’t forget the IBAN and the SWIFT codes – they are also ready. Have they been APPLIED? Yes! All the IBAN numbers are established. All of the banks in Iraq now have IBAN numbers! ...the IBAN has been active since January 2nd. Oh man! We are INTERNATIONAL! ...this is very exciting! Another indicator that the monetary reform is SOLIDLY in place and ACTIVE! Very exciting! [post 1 of 3....stay tuned]
2-9-2017 Newshound Guru Kaperoni Article: "Source for "tomorrow Press": Ministry of Transport decides to adopt Iraqi currency instead of foreign selling tickets" Quote: "The source pointed to "the impossibility of receiving the amount of ticket sales in Iraqi dinars on the basis of the US dollar because of the exchange rate variation in local markets." A step towards convertibility! "Exchange rate variation" is referring to the spread. Or market price which has come down a bit in recent weeks (from 1300 to now about 1280). They appear apprehensive to sell tickets in dinar until the market price is stable in Iraq. It has nothing to do with the CBI price of the dinar/dollar. But like I said, since they are talking about selling tickets in dinar, it is a good thing and a move towards what we all want which is international convertibility. Keep in mind the airline states that their system is currently selling tickets based on dollars ($). Which makes sense. Allowing some to begin to buy tickets in dinars is a good sign of what is to come.
2-9-2017 Intel Guru ADMINBILL EXPECTANT NOW THROUGH SATURDAY. ALL CURRENCIES.
2-9-2017 Newshound Guru loop Article: "US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering" The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA. Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.
2-9-2017 Intel/Newshound Guru Mnt Goat I am told his voice sounded very optimistic and the government is now coordinating other tasks to coincide with the completion of this event. Part of these “other" events coinciding could mean the revaluation of the Iraqi dinar. This would provide the needed catalyst to spark the economy. From all I am hearing, reading and surmising it could happen anytime between the “full” liberalization of Mosul announcement is made by Abadi to a few weeks afterwards. Remember we are still well within the EARLY 2017 timeframe. Just my opinion – If they continue to progress in western Mosul as they are moving forward at their current pace they should be completed at the latest by end of next week. ...Give the CBI time to swing into movement and complete the final tasks necessary and we might see some rate movement by the end of February. For a farthest out timeframe (if you want one) I could say the end of March.
2-9-2017 Intel/Newshound Guru Mnt Goat Yes – there was a positive end of year 2015 into the early January 2016 timeframe for the RV. This target was missed due to a delay in dislodging ISIS fully from the Mosul region by the end of the year. This event was planned for to coincide with the end of the year. What I am hearing now is that just recently the US ground forces coordinated with air support have taken over the operations of freeing western Mosul and are aggressively preparing to forward in the coming days, anticipating a completion in the very near future. ...My source in Iraq has recently told me that the prime minister Abadi has recently made a speech on the Iraqi news channels. He stated that the completion...of the economic and financial reforms and the implementation of the Reconciliation law hinge now on the completion of this task at hand of fighting with ISIS. [post 1 of 2....stay tuned]
2-9-2017 Newshound Guru loop [...according to the SIGRE report_"In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013..." - they truely were planning an RV back in 2013!] It means that the US Gov is aware of their plans to increase the value of there currency. This is one of the biggest clues that we are on the right track.
2-9-2017 Newshound/Intel Guru BGG ...early 2017 (according to all the real sources) is still a real forecast.
2-9-2017 Newshound Guru Phillyman The timing of the stability that the CBI is looking for is the million dollar question. ...an article...said that the campaigns to take Mosul and Raqqa would end in the next six months. Praying its sooner. The same article talked about Trump wanting a plan to accelerate the defeat of ISIS, the plan is due out later this month. Money continues to pour into Iraq with Japan just agreeing to a 100 million dollar loan. Sadr is stirring up the protesters again as they look for those much promised reforms and an end to corruption. Hard to imagine this isn't our year.
2-8-2017 Intel Guru ADMINBILL I BELIEVE WE ARE NEAR THE VERY END THIS WEEK. IT IS MY PERSONAL OPINION THAT IRAQ DOES NOT NEED TO BE IN "FULL CONTROL" FOR THE RV TO OCCUR. WHEN IS ANY COUNTRY IN FULL CONTROL UNLESS THEY ARE A SOLID DICTATORSHIP AND EVEN THAT DOES NOT LAST. [...you feel this week is it?] ACCORDING TO EVERYTHING I AM HEARING YES, THIS WEEK LOOKS VERY GOOD FOR THE INITIATION OF THE PROCESS.
2-8-2017 Intel Guru RayRen98 Mosul is being reported again after a quiet weekend, with ISIL being trapped on the western side of Mosul. The best part is Abadi saying after his speech that Mosul will be liberated in record time, and then Abadi will come to DC. I believe that visit has already been scheduled... They are holding off on the National Reconciliation and full economic reforms so they can take place at the same time, after the complete liberation of Mosul. ...I think we can go to the end of the week feeling rather good. This is our time, and we are just waiting for the right hour and day to do what we have been waiting for, to make it pay off. [post 2 of 2]
2-8-2017 Intel Guru RayRen98 ...in the USA – 42 banks are now dealing with the dinar. The rates still stink, but at least we are in control – we are waiting for the rates to be what we want them to be, but we can choose to exchange. We are no longer waiting for permission although we are waiting for favorable conditions. Those conditions are not there today, but who knows what they will be tomorrow? Some banks have initiated foreign currency training programs to more employees: how to process those currencies, and what will take place during exchanges. The banks were sent a message telling them to get ready. We don’t know what is preventing forward motion – maybe waiting for Iraq to make their final move. [post 1 of 2....stay tuned]
2-8-2017 Intel Guru Bruce ...at 5pm EST today [Tuesday], we got word through contacts at Chase Bank and at Citibank on two different coasts that the banks with foreign currency departments inside the branches...were to begin contacting people, their clients or people that purchased currency they know about...to set up exchanges for them to come in and exchange at the screen rates. We know the rates are on all the screens at the banks. We heard some very good rates on Dinar and Dong. The rates are higher than we thought they would be...quite a bit higher. That is exciting. I think this is an amazing time...Maybe not tonight [Tuesday], but it could or it could happen the next couple of days.
2-8-2017 Intel Guru Frank26 In the last few days articles have been out about...the country’s National Reconciliation...if they are talking to you NOW about the National Reconciliation it is because it is very extremely important... IMO...the National Reconciliation Law is the end of everything… IMO the National Reconciliation is everything we are involved with as a study...the Economic Reform...to the Monetary Reform...to the budget...to the Qi Cards...the HCL...to the Security and Stability that will come...to Mosul…to me it is all wrapped up in the National Reconciliation Law...everything is encompassed in the National Reconciliation Law...it encompasses so many things and above all things...the Monetary Reform. IMO when you see the NRL we are going to be so close to seeing the Monetary Reform being announced. I believe this National Reconciliation Law as it is being put forward in Iraq is moving forward at the speed of light...because I believe they are kind of tied together with the results of Mosul because once we have Mosul everything inside of the NRL is going to travel at the speed of light…and of course the Monetary Reform is the number one thing...
2-8-2017 Intel/Newshound Guru tman23 So many sectors throughout Iraq in the past week or so taking a "pause"...then coming back on line... It could be business as usual and we were unaware...or it could be a final accounting of the numbers before they open the blinds to the window of transparency...
2-8-2017 Newshound Guru loop Article: "Sabri: government measures raise customs state revenues" Iraq went from collecting 1/2 a billions dinars in customs duties in Jan 2016 to finishing the year with 24 billion dinars collect for the entire year. More than quadrupling January 2016 custom duties every month. And they are still fixing working on fixing some of the issues that have come to light at some of the points of entry. Again this is right in line with the IMF's SBA.
2-8-2017 Intel Guru Bruce I got word from one of our sources in Iraq...that Prime Minister Abadi announced that the gangs and forces for dash or ISIS had essentially laid down and retreated and are no longer a militarian threat. This was announced in Iraq. We have not seen this on the news here. It could be coming up here quickly. A lot of positive things taking place in Iraq and we are sort of looking for a public revelation what their new rate is and that would be put out internationally. That could be the next from of announcement we get from Iraq. Iraq has done basically all they need to do, and ISIS is no longer a threat in Iraq according to Prime Minister Abadi.
2-15-2017 Newshound Guru Aggiedad77 Article: "Iraq looking for partners to finance the 4500 project laggard in excess of $ 5 trillion dinars" ...articles today are so focused on bringing investors in...looking for external help to get their economy back on track...working with existing projects to get them jump started again...this all screams of Economic Reform... Monetary Reform...but it bellows IMO...a rate change that has to be on the edge of the cliff ready to push Iraq into some kind of warp speed as a real time player in the international world...it's coming...and I'm not sure much of anything can stop it...the BEST is on the way...IMO.
2-15-2017 Newshound Guru Adam Montana ...to get right into it - no HCL, no RV. [Do you think that the actions of President Trump toward the Arab nations (especially Iraq) will have a negative impact on the RV of the Dinars?] Not at all, actually! I see positive things happening, not negative.
2-15-2017 Intel Guru Frank26 IMO...the UST put a ban on the USD inside of Iraq. That’s why it’s TIME’S UP! The USD is not to be used anymore for interior transactions...they are to use eDinars. IMO...all agencies have their hands off...everything is in the hands of Abadi and the CBI. It’s now time for Iraq to bring out the new rate...and I believe the time is now. We have never been to this phase before. Congratulations Iraq. Another 45,000 troops...not for Mosul...but to protect Iraq...POST MOSUL. Figure that one out! First time...we’ve ever seen this progress is ONLY waiting for the indicative rate...which has been missing for over 40 days now. Yes, Mr. Trump gave a beautiful speech about currencies...and value for value. The IMF recently that the US will pump-up the world’s economy. For the IMF to say that to the world...that is currency evolution. There is no rate on the UN Operational Rates chart. Yes, and that’s because there is no rate on Iraq’s spreadsheet. There is nothing random here...everything well orchestrated. I am expecting something. IMO … we are very close. TIME IS UP...LET’S ROLL!
2-14-2017 Newshound Guru loop If they (IMF, WB, UN, UST) pushed them out of the nest, when they were not ready (as some have alluded to) their economy would go splat on the ground like Wylie Coyote. And there is no way they (the world ) want that to happen. Just look at their actions that they have taken to guide Iraq in getting this right.
2-15-2017 Intel Guru Frank26 Article: "Dong strengthens against US dollar in early 2017" Nam is the child of China...China loves to devalue and take advantage of world trade...IF...China devalued as they threaten...do You think the Dong would Revalue? It would be dragged down...Just look at it's currency value fluctuation in the last two years. Nam IMO...HAS to obey China in all things or they would be suffocated by their rule over them. USA would be helpless to only watch...Because war would be...Illogical when there are other markets more stable and secured...Sooooooooo...i and You need to pray China OBEYS President Trump to...PLAY FAIR! The Dong IMO is a good investment...Just don't know the date nor rate...BUT hence why i suggest more than a year away.
2-15-2017 Intel Guru Bruce ...we heard in Iraq...that they did get their smart cards charged up at the new rate. Beyond that, everything seems to be moving where we should be there. We are hearing the work taking place to remove ISIS is happening. There are a lot of Special forces from about 6 different countries that are combining to put a strong effort together to rid ourselves of that situation not only there in the Middle East, but around the world. So we are in the midst of a lot of activity now. Sounds to me like we are just getting ready for this to go down for us. We are in a great position for this to go through... Not going to call it. We thought we have it before tonight [Tuesday], but hearing good things, good info pointing to the next few days. I think we are that close guys, really good shape to come through for us. I just got confirmation on the John Q Public in the range of February 20th. [post 2 of 2]
2-15-2017 Intel Guru Bruce We were looking for Steve Mnuchin to be sworn in as Secretary of the Treasury...He did get sworn in...and...I can’t verify this, only hearsay, that he needed to be in sworn in and be in that position for 24 hour before we went. If that is true then...Maybe we are at that point we can go forward. We heard today a tweet went out talking about leveraging the Dong. It ends up that if there was leverage it was at the bank’s end and not at our end. We haven’t been able to find good confirmation whether the Dong at teaser rates from 30 cents to 50 cents on the Dong was actually exchanged. It would be interesting if it is occurring...however... I can’t get it proven to me. [post 1 of 2....stay tuned]
2-14-2017 Newshound/Intel Guru BGG Iraq NEEDS INTERNATIONAL ACCEPTANCE in the worst way - they don't "self-determine" that...they have to garner such support. Who cares what you price your "product" (ie; currency) at - if no one will buy it? Saddam found that out the hard way...anyone recall what happened when the CBI went out and tried to peddle their first bond offering last year? WITHOUT INTERNATIONAL ACCEPTANCE? nothing...zip...crickets. why? they hadn't quite met the mark just yet...and they were a little ahead of the game. Now - even this AM, we've got MP's coming out saying there will be NO SECTARIANISM in Iraq ever again...they may not have it all figured out just yet - but they are getting feel of the song...and these vibes (from the world community) is what I said TO BANK ON... mainly because it's the trend line I'm seeing in the News - period. No prediction needed. Iraq appears to have a few items to take care of yet... and they look like they are well on their way to giving the world community what they've been asked for.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" IMO, Egypt only has tourism... Iraq has wealth way beyond oil, gems, gold, etc. If timed correctly I do not see the dinar going anywhere but up. The dinar is so grossly undervalued, even if they do not have fluid investment coming in, I believe the dinar still will rise substantially.
2-14-2017 Intel/Newshound Guru Mnt Goat I find it very funny now how many...are only now jumping onboard the ship and coming to the reality that perhaps it is the final liberalization and the enactment of the reconciliation law effort waiting for the RV. This will give Iraq the STABILITY and SECURITY it needs to allow the CBI to implement the next phase of the currency reform that of the project to delete the zeros. But hold on everyone! ...there is still the problem with the Iranian influence. This issue has been the major reason Iraq is in this war with ISIS in the first place. This is the reason why it is so hard to have peace and security in Iraq. So when Abadi officially announces the “full” liberation of Iraq there will still be this lingering issue. So it is not over till it’s over. So today we hear news that the newly elected Trump is cracking down on Iran and telling them to get out of Iraq. Again he is flexing the muscles of the USA military. He is walking tall and carrying a big stick! My personal feeling is that - ITS ABOUT TIME!
2-14-2017 Newshound Guru loop Article quotes: "Business in various countries around the world accomplish depends on the performance level of the institutions involved and the speed of service provided to the citizen and the company and of course here can be measured by the extent of the development of any country the world." "the size of a large work is almost not available in all countries of the world" THIS IS WHAT IS ATTRACTING SO MANY COUNTRIES. Quote: "to be the basis of national duty starting a new phase reaches us safely economic" IT IS THE DUTY OF THE GOI TO ENSURE THE IRAQ TRANSITIONS INTO THE NEXT ECONOMIC PHASE SAFELY. WHAT IS THAT PHASE? IMO... JOINING THE WORLD MARKETS.
2-14-2017 Newshound Guru Kaperoni Article: "Egypt: Inflation rose nearly 30 percent in January" Quote: "The floatation was part of a package of reforms introduced to secure an IMF loan of $12 billion to overhaul the economy." I do expect Iraq to follow suit once ISIL is gone from Iraq. The result will be different of course because Iraq has so much more to offer than Egypt. The key here is the float is part of the IMF reform program.
2-14-2017 Intel Guru Frank26 There is a period...that I call 72...72 hours...and IMO...the 72 HOURS...we STRONGLY agree that this period started WEDNESDAY into THURSDAY. That was on the 8th. On Saturday night... TIMES UP...and I was hoping to see a number on Sunday morning. What happened? Did something go wrong? No! Iraq is a sovereign country...and they can do it when they want...and boy oh boy are they getting ready too! [post 3 of 3]
2-14-2017 Intel Guru Frank26 AIRLINE TICKETS...told not to take anything but IQD... more MCP evidence. This means that Iraq...at that moment...had control of their currency. Once Iraq switches over...only accepting/using IQD...this is a MONSTEROUS STEP...all done within the 1st quarter of 2017. MCP...this is a huge thing with the IMF. Since the 4th of January...the indicative rate TOOK OFF! Since then...Iraq was not really in charge of their rate anymore. That’s why the CBI is WAITING...on the IMF...waiting for the new numbers to come out. The testing of the NEW NUMBERS...it went perfect! These NEW NUMBERS...everyone is now waiting. [post 2 of 3....stay tuned]
2-14-2017 Intel Guru Frank26 Abadi and the CBI...pay close attention to what the IMF wants of them. In my opinion ...I expressed why...the TIME WAS UP for Iraq and their monetary reform. The IMF is the governing agency...tries to EQUALIZE world currencies. As you know, China is a currency manipulator. You saw what happened in Iraq with the MCP (multiple currency practice). You don’t see an indicative rate on the CBI’s website. The EVIDENCE points... 28...ARTICLES...to the fact that they are...IMO...doing that! TIME IS UP...IRAQ... YOU’VE GOT TO RAISE YOUR RATE NOW! [post 1 of 3....stay tuned]
2-14-2017 Intel/Newshound Guru Backdoc MUCH HAS BEEN SAID ABOUT IRAQS' BUDGET (AS WE ALL KNOW) EVEN TODAY, IRAQ SPEAKS OF MAKING AMENDMENTS TO THE BUDGET ALREADY. WELL, WE HAVE A GOOD IDEA WHAT THOSE AMENDMENTS ARE FOR, DON'T WE? Hee Hee.
2-14-2017 Newshound Guru mike Article: "Parliamentary Finance: Iraq's debt exceeded $ 100 billion" Quote: "Iraq's debt exceeded $ 100 billion, and divided by $ 35 billion internal debts and $ 70 billion in foreign debt, and came because of the government's borrowing to fill the budget deficit during the past three years". ...the $35 billion is part of the bonds that the CBI bought from the GOI, it was a workaround for the law preventing the CBI from loaning directly to the government. I've been watching these guys flounder around for the past two years, all the while the reserves are eroding. And still, no movement on the open market economy... News flash, Iraq, building your economy and creating trust in your banks takes years to get off the ground, you've wasted enough time. Iraq's credit rating will never improve with this type of financial performance. Your move, Abadi.
2-13-2017 Intel/Newshound Guru Backdoc [...you made reference to the end of february and be ready for the 1st of march...do you really feel we have another two weeks to wait to see the un operational rates activated?] THE NEW DOLLAR AND THE E-DINAR COULD BE REVEALED AT ANY TIME BUT IT MIGHT BE A FEW MORE DAYS BEFORE THE PUBLIC VIEWS WHAT IS BEING CURRENTLY HIDDEN FROM VIEW. TRUMP WILL BEGIN TO ROLL OUT HIS PLAN SOON AND IT WILL START IN THE HANDS OF HIS PUBLIC MOUTH PIECE, ALL EYES WILL SOON BE ON POTUS AND MUNCHKIN MAN AS THE ROLLOUT BEGINS! UN RATES WILL BE WHERE THEY WANT THEM WHEN THEY WANT THEM AND NOT BEFORE. THE UST IS IN CHARGE! THE WORLDS STANDARD OF VALUE IS ABOUT TO CHANGE AND THE WORLD WILL SEE ALL TRADE AND SHIPPING COME TO A TRADE PARITY... [post 2 of 2]
2-13-2017 Intel/Newshound Guru Backdoc I BELIEVE THAT "MUNCHKIN MAN" (Mr. Mnuchin) HAS BEEN IN SINCE FRIDAY OF LAST WEEK...BUT OF COURSE TONIGHT WILL MAKE IT OFFICIAL PUBLICLY. REMEMBER WHY THE U.S. TREASURY WAS IN IRAQ, THEY ACTIVATED THE NEW ASSET-BACKED DIGITAL (BLOCKCHAIN) DOLLAR WHICH WE KNOW IS DESCRIBED BY BETTER SPEED, EFFICIENCY, AND SECURITY! YES, THIS ALLOWS THE SYMBIOTIC MARRIAGE OF THE E-DINARS TO BE ACTIVATED! THE TRUMP CARD WILL SOON BE PLAYED TO THE PUBLIC AS POTUS BEGINS TO MAKE HIS PUBLIC TAX PLAN KNOWN OVER THE NEXT 2.5 WEEKS AS HE SAID. THE PUBLIC EXPRESSION ON THE SURFACE IS JUST AS IMPORTANT AS WHAT WILL BE DONE BEHIND THE SCENES. MY GUESS IS "MUNCHKIN MAN" IS BEING PROTECTED TO DO HIS IMPORTANT WORK. THE 2.5 WEEKS LINES UP NICELY WITH THE NEW UN OPERATIONAL RATES TO BE UPDATED IN FEBRUARY AND TO BE SEEN ON MARCH 1ST! [post 1 of 2....stay tuned]
2-13-2017 Intel Guru RayRen98 We heard some possibilities on Friday but they didn’t come through. As for Iraqi news...The CBI still has not updated their rates after 30+ days; something is going on there. The UN rates are usually updated by now as well, but there is no new posting yet, no indications. ...my best source keeps saying “it’s done, just be patient.” Over here...I’ve received information that some banks have started contacting large currency holders, although I don’t yet know why. Some members are being told to check in every day because the banks think something might happen. Somebody must be expecting changes pretty darn soon. Some believe that swearing in the Secretary of the Treasury will get the ball rolling, and others think it is already rolling. I really don’t know if that is relevant. Things are looking good and there are several indicators that this will be a good week.
2-13-2017 Intel Guru ADMINBILL THIS SHOULD BE A VERY INTERESTING WEEK FOR US ALL. DO NOT LOOK FOR AN EVENT TO OCCUR FATHER SIT BACK AND BE READY TO TAKE ACTION. BASED UPON WHAT I HAVE BEEN INFORMED THE PROCESS IS NEARING AN END AND SHOULD BE COMPLETED THIS WEEK. I AM NOT SURE WHEN EACH CURRENCY WILL ROLL OUT NOR DO I CARE. ONCE IT STARTS WE WILL KNOW THE REST WILL FOLLOW AND THAT IS ALL THAT MATTERS...WE WILL BE HAPPY.
2-13-2017 Newshound/Intel Guru BGG [Can someone explain why this CANNOT revalue at .05? and I mean CANNOT, not why you THINK it won't. In addition, if it does increase to that number, it's still considered an RV and increase in purchasing power, much more than they have now. DO they HAVE TO RV? Do they HAVE TO increase to a logial rate?...] 1) It can easily "revalue" to .05 - fact... will it?... 2) It would be considered some kind of "upping" of purchasing power - but won't change my calculus ONE LITTLE BIT. NOT ONE... 3) Do they have to? Maybe not - but it is clear they WANT TO - IN THE WORST WAY... bad enough the are taking their Q's from the UN, IMF and WB - BANK ON IT.
2-13-2017 Intel Guru Frank26 Time is up...We do not give you a date...we do not give you a rate. There is a period of 72 hours that would be given to Iraq and IMO the 72 hours is up. The 72 hours began when all of the agencies, the UN, IMF, WB were in agreement with Iraq...when all the work was complete...I believe they completed a lot of the steps of the Monetary Reform and the period of 72 hours is up, IMO. The 72 hours is a time to prepare in which Iraq would release a new rate and I believe that time is up. IMO, Iraq is being thrown off of a cliff like a baby eagle and we expect it to fly. This is a time to celebrate.
2-12-2017 Newshound/Intel Guru BGG & Newshound Guru loop [are you upbeat on the GOI and banking progress?] BIG TIME! HUGE PROGRESS... they are (probably) right at the doorstep of what they need done. Once a couple of things are done - they are fiscally ready to pull the trigger. IMHO. [What are those couple of things that need to be done?] We know that stability plays a major piece of this puzzle and form a banking standpoint I believe they are there. I have started coming to the realization that Mosul being ISIS free and a start of the national reconciliation may very well be what the IMF and the world bank are looking for. I am still very very optimistic about where we are. The big picture that their actions are pointing to is the main reason for this.
2-12-2017 Intel Guru Jester THEY ALREADY HAVE ALL THIS FIGURED OUT... AND WHEN THE TIME IS RIGHT THE CHANGE WILL START... IT TAKES TIME TO OVERTURN THE SYSTEM WITHOUT CRASHING IT... [Not asking for a date but do you think it will be months or possibly years...the system is soooo big?] CAN YOU NOT SEE IT HAPPENING BEFORE YOUR EYES? ...RESTRUCTURING THE ENTIRE SYSTEM IS HUGE... IT HAS BEEN A CORRUPT ENTITY FOR A LONG TIME... THE ONLY THING THAT TRUMP IS DOING IS MAKING FRIENDS WHERE WE DID NOT HAVE FRIENDS BEFORE SO WE ARE NOT LEFT OUT IN THE COLD WHEN THE TIME COMES...
2-12-2017 Newshound/Intel Guru BGG [What's your thoughts on...Trump, and what he said about the currencies yesterday?] I would take what he's saying as more of an illustration and not a "literal" statement. However, he seems to be very direct and means to do as he says...him having the "currency parity" stance and seeming to want to enforce that philosophy - IS VERY GOOD FOR US...Especially since Iraq is likely the most undervalued currency on the PLANET.
2-12-2017 Newshound Guru loop The banking sector is light years ahead of where it was just a year ago. All of their actions point to getting ready to for entry into the world markets. IMO.
2-12-2017 Newshound/Intel Guru BGG 2nd part...here's the real interesting question...WHY ON GOD'S GREEN EARTH does a private company all of the sudden decide they want to start taking in IQD (which is regarded by many in Iraq as WORTHLESS - and hard to deal with)? insisting on...them use IQD to pay for flights. this is what everyone is missing. The freemarket change in perception... ever so slight - but it just happened. ...they know what is coming soon...they are looking for appreciation - just like you and I. [post 2 of 2]
2-12-2017 Newshound/Intel Guru BGG [Have you got any follow up info on the...FOREX...and...the airlines?] I did some checking - the Forex jive is pure BOGUS... The IQD has been listed on many Forex platforms for a long time...whatever tiny fluctuations you see throughout the day are reflections of tiny moves in the currency they are "pegged to" - or paired with for a quote... NOT any change in status or value of the IQD (YET). [post 1 of 2....stay tuned]
2-12-2017 Intel/Newshound Guru Mnt Goat Article: "Mr. Ammar al-Hakim Kubiš: single community reconciliation task of the settlement vocabulary" Quote: “He said the two sides stressed that national reconciliation is the perfect choice for the post Daesh and exit Iraq from security and political crises”. So what does this statement by United Nations, Jan Kubiš mean? What is the significance to us? To me it means IMPLEMENTING the National Reconciliation is the SECURITY and political STABILITY we have been waiting for. Why have we been waiting for this? Because the CBI told us they “postponed” the project to delete the zeros until such time there is adequate STABILITY and SECURITY…WOW!...Its coming…
2-12-2017 Newshound/Intel Guru BGG [...your thots (thoughts) on the lack of updates by the cbi?] I'm not sure what to make of that - it is VERY DIFFERENT, NEW and WEIRD. I suspect it has something to do with what we are after - I just don't know exactly what...plenty of folks saying it's no big deal. (they would be wrong). the longest stretch I can remember in many years was 3 or 4 days. We are at 37 days and counting. P.S. I can recall nowhere the Iraqi constitution requires some rate change within 30 days of no posting (or any other combination of events ending in an RV).
2-12-2017 Newshound Guru Aggiedad77 Article quote: "And by a memorandum of understanding, it would have to all states to cooperate with the Iraqi state to recover the money stolen and smuggled, by virtue of the United Nations mandate and its impact on the international level." This is another HUGE piece of the puzzle...as pieces keep coming together...they keep being so transparent in new ways, showing the world what they are doing and just how serious they are at bringing to justice those who have wronged not only the country of Iraq but the people of Iraq as well...in my thinking this is a big ticket item for them to look outside their own culture for this help...not only are they recognizing they can't do everything for themselves, they are recognizing the expertise that the world is willing to make available to them to right so many wrongs...new beginnings...an evolution of good things to come...watch for it...all IMO.
2-11-2017 Intel Guru ADMINBILL ACTIVITY IS SAID TO BEGIN MID-WEEK WITH EXCHANGES POSSIBLY BEGINNING FOR MOST CURRENCIES THEN. ALL INFO POINTS TO SOON. FROM WHAT I AM TOLD IT IS PROCESSING THROUGH WITH NO SPECIFIC END TIME WHICH IS WHY IT APPEARS TO BE A MOVING TARGET. [...has it not came to a stopping point till Mnunchin is confirmed?] I HEAR BOTH POINTS OF VIEW BUT I LEAN TO HE MUST BE CONFIRMED. TREASURY MUST SIGN OFF ON THIS IN MY OPINION. I DO NOT THINK THE PRESIDENT CAN SIGN OFF FOR THE SECRETARY OF THE TREASURY.
2-11-2017 Intel/Newshound Guru Mnt Goat The news today mostly centers around the final plan to liberated Mosul and the aftermath. We are seeing the preparations being made for this event and we are told it will occur very soon. The next issue facing Iraq is what will happen with the Mosul region once it is fully liberated and the troops are removed? Will the Iranian militants or another radical group fill the gap? We are told that the implementation of the National Reconciliation Law will provide solutions to these issues. We are also told this will be implemented post-Mosul liberation and is now ready and agreed to by all parties.
2-11-2017 Newshound Guru Breitling …Because now it’s impossible to cheat. What are they going to be forced to do? They [China] are going to be forced to add value to their currency. And Vietnam is going to add value to their currency. That’s what I anticipate coming down…whether it’s 2017, 2018 or 2019 I don’t know. I depend on numbers. i depend on policy and it helps me speculate. You need to concentrate on that word speculate. I don’t have a crystal ball…I believe in the reevaluation of the Vietnamese currency. But I don’t think the Vietnamese currency and the dinar are going to revalue at the same time and there is no sort of global reset. that’s the biggest lie I’ve ever heard. [Post 2 of 2]
2-11-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" So representatives from US Treasury, New York branch of the Federal Reserve, and the manager for the Bank of York flew all the way to Iraq to pat them on the back and say good job. This in and by itself is great news... However the more that I think about this the more convinced I am that there is more to their visit then what the news is reporting. STILL LOVING THE NEWS.
2-11-2017 Intel Guru Frank26 [...is this the first time the IQD has appeared on the forex?] No. But IMO...Very soon...It will be the FIRST TIME it will appear on Forex...With an International Rate and NOT a PR. (Program Rate). [so frank have the horses been let loose yet at the gate? is the 12th to the 15th still looking good? I think Monday they are going to vote on the treasury secretary.] IMO...Yes...Yes.
2-11-2017 Newshound Guru Breitling I have the Vietnamese currency and I’m watching very closely what’s going on with China. Vietnam competes with and follows China. If China lowers the value of it’s currency, Vietnam going to lower the value of it’s currency…because it’s a competing labor force. It’s what those countries have. If China raises the value of it’s currency, Vietnam’s going to follow. So what’s on the table for China? The reason they can lower the value of their currency is because the number one market is the United States. We are the biggest consumer on the planet. And if there’s no tariffs then guess what? They can devalue their currency all they want. But the minute we put tariffs on anything coming into the United States from China then it’s a bad idea to lower the value of your currency…. [Post 1 of 2 Stay tuned for the rest of the story ]
2-11-2017 Intel Guru ADMINBILL ...IT IS MY PERSONAL OPINION THAT WITHOUT STEVE MNUCHIN SWORN IN AND IN PLACE AS THE NEW SECRETARY OF THE TREASURY WE WILL NOT SEE THE RV. THE FULL SENATE VOTE FOR STEVE MNUCHIN HAS BEEN MOVED TO MONDAY EVENING BY THE SENATE LEADER TO "AVOID A RARE SATURDAY SESSION". THEREFORE IT IS MY HUMBLE OPINION THAT WE MAY SEE NEAR IMMEDIATE ACTION COMMENCING TUESDAY OF NEXT WEEK. THE INFORMATION I FORMED MY PREVIOUS PREDICTION ON IS BASED UPON SOLID INFORMATION AND IS STILL VALID ALTHOUGH I BELIEVE THE TRIGGER TO COMMENCE IS STEVE MNUCHIN. I MAY BE COMPLETELY OFF BASE BUT I BELIEVE THIS IS AN ACCURATE SUMMATION OF WHERE WE ARE TODAY.
2-10-2017 Intel Guru RayRen98 [Do you believe this RV will be this month or year?] A: Yes, and yes. My intel says that the banks are ready for this to pop – they see rates and receive memos, but still no forward movement. That is a question mark, and we wait. In Iraq, my best people there are saying ”it’s done”...They keep saying “it’s done”, and they are waiting for things to happen, too. There is definitely progress... The CBI has not changed their rate for a month, and everyone over there knows that something is going on. We are in a holding pattern still. I did expect movement this week, and there was some over there, but the changes here didn’t move as much as I expected. I can see this happening this weekend, next week, any time this month...but I cannot lock in on a date because there are still a few pieces missing.
2-10-2017 Intel/Newshound Guru tman23 Article quote: "Iraq on Verge of Bankruptcy: MP...MP Sarhan Slivanayi said if the Iraqi government does not depend on the Central Bank of Iraq (CBI) to withdraw money from, there remains nothing for it to count on. Salaries and the budget depends on the international loans and using up Iraq's reserved funds." ...BETTER GETTER DONE...OTHERWISE AS I HAVE SAID MANY A TIMES...IRAQ BY DEFINITION IS BANKRUPT...THE TIME TO ASK FOR ANOTHER LIFE SAVER TO BE TOSSED...SO THEY CAN FLOAT ALONG HAS PAST...TALK ABOUT BEING IN A CORNER!...GOOD FOR US!
2-10-2017 Newshound Guru loop Article: "Association of private banks is discussing with the US Treasury delegation and the reality of the Iraqi banking sector and its future Banks" The Association of Private Banks had a meeting. Look who was there! Look at the focus of the meeting. Current efforts to combat terrorist financing and money laundering as well as continued training of employees in the aforementioned areas and providing the best banking services. John Sullivan, the US Treasury representative currently stationed at the the US Embassy in Baghdad, "expressed appreciation" for their efforts. John Sullivan is the same person who made the statement back in December that Iraq has accomplished more financial sector reforms during 2016 then in the previous 13 years combined. We continue to see outside financial/banking concerns expressing how well Iraq is doing with reforms in this area. They still have lots of work to do, but they continue to take the needed steps to enter the global financial markets again...IMO.
2-10-2017 Intel Guru Bruce Another thing is we also heard that the cabinet positions have been moving along slowly. The confirming of the Secretary of Treasury and the swearing in the Secretary of Treasury. Both are important to us. Is that the actual trigger? That is what we are hearing. We will see. I would say over the next couple of days from Friday and Saturday all looking beautiful. I think we are really in great shape. [post 2 of 2]
2-10-2017 Intel Guru Bruce Let’s talk about Iraq...My understanding was the President was going to have a private call with Prime Minister Abadi of Iraq and that occurred about 3pm [Thursday]. The affects of that were very positive for us. We heard Iraq will change or already changed the way they take reservation for their flights in and out of Iraq and ticketing in US dollars to be changed over to Iraqi Dinar...that ultimately this moves the dollar out of that system and brings the Iraqi Dinar at some rate. It has to be at a revalued rate. Maybe not the final end all rate but a newly revalued rate. That is a very positive thing. My understanding is that was done or talked about being done. The call that took place little after 3pm may have moved things along for us a bit quicker than they anticipated. [post 1 of 2....stay tuned]
2-10-2017 Intel/Newshound Guru Mnt Goat I do not normally talk much about the banks but I will make an exception today. Earlier this week I was called by my banker who told me that a fresh set of rates appeared and he was called by the head office to anticipate currency rates going live very soon. So we know the rates have been re-run and refreshed downstream to the banks. We know this operation is done in the USA and so it already tricked down to European banks. Could they change again and get refreshed again? Yes – but this usually means they could go live soon, as I was told... The bank manager is a friend of mine...So no rumored bank stories here. This could mean something or it may not. But it was a tid bit I thought I would share.
2-10-2017 Newshound Guru MadDScout "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" This is trying to create FDIC (like) insurance for deposits... I think it would be very important if one wants to regain trust in the banking industry in Iraq...And the advances in the ecommerce are helping also. A report 2 days ago says Iraqi spending is up 70-80%. We have been seeing these steps recently all being put forward...There is much work going on even if the 3 zero project appears on hold... The project only waits on the right conditions...
2-10-2017 Newshound Guru Breitling ….We’ll wake up and just find out. At what rate? At what pace? We don’t know…let’s say it revalues at .05 cents or .10 cents… I’ve been trying to talk people into understanding what could happen and not jumping off a stinking bridge or jumping out of a basement window because it doesn’t come out at a dollar seven the first night. The value will go up. It will progress. The value will keep going up….don’t get stuck on the day it’s going to revalue and what it is. It’s going to take a while to trend...and how the market in Iraq reacts. It’s not a magic wand. It never was and never will be.
2-10-2017 Intel Guru Frank26 I was talking to some of my friends...who have invested for many, many years in Iraq...like 8 years now...my friends have established businesses in Iraq...not profitable at a program yet...they haven’t made a penny…but they are in IRAQ! One of them told me that they have these ATM machines...and the CBI wanted them to install the ATM machines. So they did...and he said that “we’ve got over 1,000 machines in the Northern region of Iraq...but they are NOT programmed yet for the new monetary platform that they are trying to establish. The software is different. The old machines don’t recognize the lower denoms. You know what’s on this ATM? “MASTERCARD” with their big logo...which says “INTERNATIONAL”.
2-10-2017 Newshound Guru loop Article: "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks" Quote: "Parliamentary Finance Committee has proposed converting an Iraqi insurance companies to the guarantor institution to domestic banks in order to restore trust between the citizen and the banks." This is something right out of the IMF SBA banking reforms. They need to guarantee those deposits and it appears that they have figured out a way to do just that. If the citizens do not trust the banks the economy will struggle. The banks need the liquidity.
2-9-2017 Intel Guru Frank26 In addition...the eDinars were launched! Why are they important for the US Treasury and the IMF? eDinars represent SECURITY and STABILITY. From the 12th to the 15th of February. [Guru] Delta and I believe this to be a good window to see a change in the rate. IMO...from the 12th...if they wanted too...they could approve a NEW RATE for their currency...then 3 days later...legally...they could put it in the UN Operational Rates on the 15-16th. Isn’t that interesting? The coming weeks...they have BIG reasons to lift the 3 zeros from exchange rate...and bring back the GLORY DAYS of the IQD. [post 3 of 3]
2-9-2017 Intel Guru Frank26 On the spreadsheet...CBI website...the cash portion that was being shown on the Arabic side...auctions stopped...on Monday. No more numbers of cash...No more credit numbers...No more remittances for world transfers. Everything ...is gone...just like the rate did on the 4th. So...can all banks in Iraq do transactions internationally freely ...on their own? Yes! Now the CBI doesn’t have to do all of the work (paperwork) to move money for the banks. Those days are gone! No more CBI telling the bank branches how to do international transfers. This is a BIG step of the monetary reform! Moving from MANUAL to ELECTRONIC to do business with an international world! The only thing that is missing is an INTERNATIONALLY accepted RATE...NOT a program rate. [post 2 of 3....stay tuned]
2-9-2017 Intel Guru Frank26 [Guru] Delta...said that the CBI website has...No program rate since the 4th of January...The cash portions haven’t been labeled...There are no LOC’s in the auctions – anywhere...Now the auctions don’t even show any remittances. The CBI met at 10am on Tuesday with many, many big bank managers in Iraq and they talked...about their INTERNATIONAL banking structures...money transfers...and WHEN they are planning on going INTERNATIONAL. ...have you seen any auction lately at the CBI? No! No more auctions! No more MCP’s? We are inching closer and closer to what the UST and the IMF wants... ...don’t forget the IBAN and the SWIFT codes – they are also ready. Have they been APPLIED? Yes! All the IBAN numbers are established. All of the banks in Iraq now have IBAN numbers! ...the IBAN has been active since January 2nd. Oh man! We are INTERNATIONAL! ...this is very exciting! Another indicator that the monetary reform is SOLIDLY in place and ACTIVE! Very exciting! [post 1 of 3....stay tuned]
2-9-2017 Newshound Guru Kaperoni Article: "Source for "tomorrow Press": Ministry of Transport decides to adopt Iraqi currency instead of foreign selling tickets" Quote: "The source pointed to "the impossibility of receiving the amount of ticket sales in Iraqi dinars on the basis of the US dollar because of the exchange rate variation in local markets." A step towards convertibility! "Exchange rate variation" is referring to the spread. Or market price which has come down a bit in recent weeks (from 1300 to now about 1280). They appear apprehensive to sell tickets in dinar until the market price is stable in Iraq. It has nothing to do with the CBI price of the dinar/dollar. But like I said, since they are talking about selling tickets in dinar, it is a good thing and a move towards what we all want which is international convertibility. Keep in mind the airline states that their system is currently selling tickets based on dollars ($). Which makes sense. Allowing some to begin to buy tickets in dinars is a good sign of what is to come.
2-9-2017 Intel Guru ADMINBILL EXPECTANT NOW THROUGH SATURDAY. ALL CURRENCIES.
2-9-2017 Newshound Guru loop Article: "US Treasury pays tribute to the fight against the central bank for the financing of terrorism and money laundering" The US Treasury is pleased at the speed in which Iraq has gotten the electronic system to monitor the movement of the money in and out of Iraq up and running. This shows just how serious Iraq is about stopping the financing of terrorism and money laundering. Which is a huge part of the IMF SBA. Remember that 83 people just finished a training with KPMG last week and before that there were multiple articles about trainings of how to detect suspicious activity. THIS NEWS IS SO ENCOURAGING. THEY ARE DOING WHAT THEY NEED TO IN ORDER TO ENTER THE FREE MARKET IN SOME FASHION.
2-9-2017 Intel/Newshound Guru Mnt Goat I am told his voice sounded very optimistic and the government is now coordinating other tasks to coincide with the completion of this event. Part of these “other" events coinciding could mean the revaluation of the Iraqi dinar. This would provide the needed catalyst to spark the economy. From all I am hearing, reading and surmising it could happen anytime between the “full” liberalization of Mosul announcement is made by Abadi to a few weeks afterwards. Remember we are still well within the EARLY 2017 timeframe. Just my opinion – If they continue to progress in western Mosul as they are moving forward at their current pace they should be completed at the latest by end of next week. ...Give the CBI time to swing into movement and complete the final tasks necessary and we might see some rate movement by the end of February. For a farthest out timeframe (if you want one) I could say the end of March.
2-9-2017 Intel/Newshound Guru Mnt Goat Yes – there was a positive end of year 2015 into the early January 2016 timeframe for the RV. This target was missed due to a delay in dislodging ISIS fully from the Mosul region by the end of the year. This event was planned for to coincide with the end of the year. What I am hearing now is that just recently the US ground forces coordinated with air support have taken over the operations of freeing western Mosul and are aggressively preparing to forward in the coming days, anticipating a completion in the very near future. ...My source in Iraq has recently told me that the prime minister Abadi has recently made a speech on the Iraqi news channels. He stated that the completion...of the economic and financial reforms and the implementation of the Reconciliation law hinge now on the completion of this task at hand of fighting with ISIS. [post 1 of 2....stay tuned]
2-9-2017 Newshound Guru loop [...according to the SIGRE report_"In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013..." - they truely were planning an RV back in 2013!] It means that the US Gov is aware of their plans to increase the value of there currency. This is one of the biggest clues that we are on the right track.
2-9-2017 Newshound/Intel Guru BGG ...early 2017 (according to all the real sources) is still a real forecast.
2-9-2017 Newshound Guru Phillyman The timing of the stability that the CBI is looking for is the million dollar question. ...an article...said that the campaigns to take Mosul and Raqqa would end in the next six months. Praying its sooner. The same article talked about Trump wanting a plan to accelerate the defeat of ISIS, the plan is due out later this month. Money continues to pour into Iraq with Japan just agreeing to a 100 million dollar loan. Sadr is stirring up the protesters again as they look for those much promised reforms and an end to corruption. Hard to imagine this isn't our year.
2-8-2017 Intel Guru ADMINBILL I BELIEVE WE ARE NEAR THE VERY END THIS WEEK. IT IS MY PERSONAL OPINION THAT IRAQ DOES NOT NEED TO BE IN "FULL CONTROL" FOR THE RV TO OCCUR. WHEN IS ANY COUNTRY IN FULL CONTROL UNLESS THEY ARE A SOLID DICTATORSHIP AND EVEN THAT DOES NOT LAST. [...you feel this week is it?] ACCORDING TO EVERYTHING I AM HEARING YES, THIS WEEK LOOKS VERY GOOD FOR THE INITIATION OF THE PROCESS.
2-8-2017 Intel Guru RayRen98 Mosul is being reported again after a quiet weekend, with ISIL being trapped on the western side of Mosul. The best part is Abadi saying after his speech that Mosul will be liberated in record time, and then Abadi will come to DC. I believe that visit has already been scheduled... They are holding off on the National Reconciliation and full economic reforms so they can take place at the same time, after the complete liberation of Mosul. ...I think we can go to the end of the week feeling rather good. This is our time, and we are just waiting for the right hour and day to do what we have been waiting for, to make it pay off. [post 2 of 2]
2-8-2017 Intel Guru RayRen98 ...in the USA – 42 banks are now dealing with the dinar. The rates still stink, but at least we are in control – we are waiting for the rates to be what we want them to be, but we can choose to exchange. We are no longer waiting for permission although we are waiting for favorable conditions. Those conditions are not there today, but who knows what they will be tomorrow? Some banks have initiated foreign currency training programs to more employees: how to process those currencies, and what will take place during exchanges. The banks were sent a message telling them to get ready. We don’t know what is preventing forward motion – maybe waiting for Iraq to make their final move. [post 1 of 2....stay tuned]
2-8-2017 Intel Guru Bruce ...at 5pm EST today [Tuesday], we got word through contacts at Chase Bank and at Citibank on two different coasts that the banks with foreign currency departments inside the branches...were to begin contacting people, their clients or people that purchased currency they know about...to set up exchanges for them to come in and exchange at the screen rates. We know the rates are on all the screens at the banks. We heard some very good rates on Dinar and Dong. The rates are higher than we thought they would be...quite a bit higher. That is exciting. I think this is an amazing time...Maybe not tonight [Tuesday], but it could or it could happen the next couple of days.
2-8-2017 Intel Guru Frank26 In the last few days articles have been out about...the country’s National Reconciliation...if they are talking to you NOW about the National Reconciliation it is because it is very extremely important... IMO...the National Reconciliation Law is the end of everything… IMO the National Reconciliation is everything we are involved with as a study...the Economic Reform...to the Monetary Reform...to the budget...to the Qi Cards...the HCL...to the Security and Stability that will come...to Mosul…to me it is all wrapped up in the National Reconciliation Law...everything is encompassed in the National Reconciliation Law...it encompasses so many things and above all things...the Monetary Reform. IMO when you see the NRL we are going to be so close to seeing the Monetary Reform being announced. I believe this National Reconciliation Law as it is being put forward in Iraq is moving forward at the speed of light...because I believe they are kind of tied together with the results of Mosul because once we have Mosul everything inside of the NRL is going to travel at the speed of light…and of course the Monetary Reform is the number one thing...
2-8-2017 Intel/Newshound Guru tman23 So many sectors throughout Iraq in the past week or so taking a "pause"...then coming back on line... It could be business as usual and we were unaware...or it could be a final accounting of the numbers before they open the blinds to the window of transparency...
2-8-2017 Newshound Guru loop Article: "Sabri: government measures raise customs state revenues" Iraq went from collecting 1/2 a billions dinars in customs duties in Jan 2016 to finishing the year with 24 billion dinars collect for the entire year. More than quadrupling January 2016 custom duties every month. And they are still fixing working on fixing some of the issues that have come to light at some of the points of entry. Again this is right in line with the IMF's SBA.
2-8-2017 Intel Guru Bruce I got word from one of our sources in Iraq...that Prime Minister Abadi announced that the gangs and forces for dash or ISIS had essentially laid down and retreated and are no longer a militarian threat. This was announced in Iraq. We have not seen this on the news here. It could be coming up here quickly. A lot of positive things taking place in Iraq and we are sort of looking for a public revelation what their new rate is and that would be put out internationally. That could be the next from of announcement we get from Iraq. Iraq has done basically all they need to do, and ISIS is no longer a threat in Iraq according to Prime Minister Abadi.
2-7-2017 Intel/Newshound Guru Backdoc LET'S CALL IRAQ A BRAND NEW STORE, OR A NEW BUSINESS...THE OPEN SIGN IS ABOUT TO BE TURNED AROUND FROM CLOSED. ...TODAYS ARTICLES ARE A CHECK OFF LIST PRIOR TO IRAQ OPENING THEIR DOORS. INCREDIBLE LIST RIGHT ON TIME...NOW WE WAIT FOR THE DOORS TO OPEN TO WE THE FINAL CUSTOMERS IN LINE...
2-7-2017 Newshound Guru loop Article: "Financial stresses securing full salaries for 2017" This is right in line with what the IMF SBA agreement wants them to be doing. It is essential that they have a fully actionable budget and here they are saying that they have got the the salaries for 2017 covered. [Does being able to cover help the monetary change?] It just means that they have the salaries factored into the budget and are expressing that they intend to pay them. Which is a big step forward for them...IMO. The monetary change has nothing to do with it. One dinar will always equal one dinar. So if I get paid 50,000 dinars a week, I will still be getting 50,000 dinars a week. What will change is what I can purchase with the money.
2-7-2017 Newshound Guru Enorrste Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq" What I found interesting about this article is that the people mentioned as calling for a rise in the value of the dinar are people who are "invested" in the economy, as opposed to legislators or professors, whose opinions run the gamut from positive to negative. These guys seem to have their hands on the controls and are involved in the day-to-day business affairs of their country. Therefore, I see this as a very positive sign that those who will actually benefit from the rise in the value are now calling for the CBI to begin the process.
2-7-2017 Newshound/Intel Guru BGG The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.[1] - The Gulf War ended in 1991. So the $3 rate was "live" until sometime in 1991.
2-7-2017 Newshound Guru mike Article: "Trump confiscate Iraqi political funds billions" ...here's hoping it's true. I have no doubts that the leadership of Iraq have been pillaging the peoples money for years now, it's just surprising to see Trump seize it. Iraqi's use this money to grease the wheels, they pay people off and employ militia's that are outside the control of the government, if those funds are turned off, Maliki and the rest...are effectively out of business. It isn't Maliki's charm they're following, it's the money.
2-7-2017 Intel Guru ADMINBILL IF WHAT I AM HEARING OVER THE PAST FEW DAYS IS ACCURATE, THIS WEEK WILL BE PROFOUNDLY EXCITING. COULD IT BE PUSHED BACK? OF COURSE IT COULD BUT I THINK NOT.
2-7-2017 Intel Guru Frank26 ...remember, [Guru] Delta brought us the component that says that Iraq can only keep the rate of their currency off of the CBI’s website for 30 days. You really shouldn’t worry about those 30 days...or try to measure them...Why? Because...they had meetings that you didn’t know about until now. Why? This is a special case... Who is helping Iraq out with the monetary reform? The USA, UN, IMF, World Bank...but the USA is deeply involved in the MR of the IQD. The things that are going on...are NOT to fail! The 30 days may be ignored...So we’re making special arrangements with Iraq? Breaking rules and breaking laws? The spreadsheet of the CBI website...has been given special variances...IMO.
2-7-2017 Intel/Newshound Guru Mnt Goat Article: "Iraqi National Alliance Delegation Arrive in Erbil" Quote: "A top delegation from the Shiite National Alliance led by Ammar al-Hakim arrived in the Kurdistan Region on Saturday afternoon for discussions over the national reconciliation in Iraq and the situation of Mosul after the Islamic State (IS)." ...remember they told us they would wait and hold off implementing the National Reconciliation until after Mosul was totally liberated. So is this good news for us. Finally a real attempt for peace in Iraq. With peace comes prosperity, with prosperity for these people comes prosperity for us. They very close to the final stages of COMPLETELY liberating Mosul.
2-7-2017 Newshound Guru mike Article: "Baghdad and Washington are discussing the editing process, west of Mosul" Quote: "The Defense Minister Irfan Mahmood Hayali met in his office the US ambassador to Iraq , Douglas Silliman, During the meeting , they discussed preparations for the armed forces in the liberation of the western side of the process of the city of Mosul." This is the largest fight the Iraqi army will face, the western side of Mosul is the oldest and has the narrowest streets, it's going to be difficult to retake.
2-6-2017 Newshound Guru Aggiedad77 Article quote: "...the National Alliance delegation will visit on the afternoon of the day the headquarters of the Movement for Change, and will hold a meeting with the leaders of the movement." Now there is some great news if ever there was any...talk of reconciliation...these guys all going to the Kurds...when did you last hear of them doing that...Hakim has been there...I think I read where Masum the Iraqi President has been there...Are these talks with a commonality...that of national reconciliation...meeting with the Barzani family...all these blocs meeting...has to be some significant importance...not just Mosul...but perhaps a binding of relationships...after all wouldn't that be a key point with any type of reconciliation...
2-6-2017 Intel/Newshound Guru tman23 The 120 Meter highway project was added to Erbil's master plan in 2005. It is the outermost of the ring roads that circle the city with the historic Erbil Citadel at the centre It is 38 km long. Work on the road started in early 2013. The project took 4 years and two months. It was completed three months ahead of schedule...Guess the war on ISIS had no affect on construction of roads and foreign contractors in Kurdistan.
2-6-2017 Newshound Guru mike Article: "MPs and experts: Beyond the financial crisis and put the currency reserves reassuring" Quote: "the central bank lending to the government , although the Bank Act prohibits, in Article 26, lending to the government , either directly or indirectly." [That is how they can claim to have all those billions still in reserve. They loaned them out, see, so they're still in the asset column in the form of an IOU.] The MoF were using bond instruments to extract dinars from the CBI, it's a workaround the law and a shell game the GOI is pulling off...this money will still show up as a credit on the ledgers because it's attached to a bond that's guaranteed by Iraq...they're eating the seed corn.
2-6-2017 Intel Guru RayRen98 We went into the weekend with some good expectations, with information saying the green light has been sent; now it’s up to them to receive it and do what they need to do...we are in a good place. I saw intel about other countries considering rate changes. Today I’m hearing about some supposed rate changes, which is very exciting... I’m waiting for confirmation... If it all holds up, it will be very good for us – if not today, then this week. We’re waiting to hear what good solid information is coming out of Iraq...
2-6-2017 Newshound Guru loop Article: "Central banks demanding disclosure of the names of the transferred customers from foreign remittance payments" Quote: "for the purpose of activating the Help the sale and purchase of foreign bank's currency and sufficient oversight of compliance Massarvkm check the sources money your customers and their uses, it was decided to send a special list of the names transferred customers and end-beneficiaries of the sums foreign remittances that are implemented through the sale and purchase of foreign currency window. " What I got from the translation is that the CBI is making it mandatory that all banks provide the Company name and the name of the person in change [charge ?] with all foreign currency transactions. This is right in line with what the IMF wants them to do to combat the financing of terrorism. Love the call for transparency. They are working the plan.
2-6-2017 Newshound Guru EHankins I'M GOING TO GO...WAY OUT ON THE LIMB... BUT IT SEEMS THAT THE MAJORITY OF ARTICLES WE ARE READING SEEM TO BE WHAT ONE WOULD READ POST MR/RV...THERE DOESN'T SEEM TO BE MUCH TO POINT TO A LEADING UP TO WHAT'S LOOKED FOR VERY MUCH ANYMORE. THERE IS A LOT OF EVIDENCE OF MONEY POURING INTO IRAQ AND THE RESULTS MAKING IT'S WAY THROUGHOUT IRAQ IN MANY DIFFERENT WAYS...TO MANY TO NUMBER. OBVIOUSLY, THERE'S ALOT GOING ON AND MANY REPORTS OF IT AS IF THE MR/RV IS ALREADY HISTORY...HOPE THIS MAKES SENSE...I CAN SEE IT.
2-6-2017 Newshound Guru Kaperoni Article: "Parliamentary Legal planned to introduce a number of important laws to parliament table" Quote: "all of these laws are important, and we will work on in the coming days." They been saying this for the past two years. I'll wait until I see them passed before I get excited.
2-5-2017 Newshound Guru mike [When they remove JP Morgan from the CBI everyone will give a sigh of relief] As far as I know, JP Morgan has nothing to do with the internal operations of the CBI. In 2003 the Coalition Provisional Authority (CPA) created the Trade Bank of Iraq, an independent government bank to provide financial services to facilitate the import and export of goods and services to and from Iraq. In the first year of operation TBI was associated with a consortium of international banks led by JPMorgan Chase. During the startup period, the consortium offered TBI technical support and banking know-how and it has been issuing and confirming letters of credit and letters of guarantee on behalf of TBI. The consortium remained at the heart of TBI's correspondent network and had been a key element in the successful growth of TBI's trade business. The TBI, and it's consortium, are licensed by the CBI, but not part of it. JP Morgan isn't going anywhere, and neither is the international network of 134 correspondent banks covering 63 cities spread over 39 countries that make up the consortium of the TBI. IMO.
2-5-2017 Newshound Guru Kaperoni Article: "Iraq confirms his efforts to join the World Trade Organization" I have never really cared much about the WTO except for that fact it motivates Iraq to currency reform. Once the CBI reform starts, we all will decide the appropriate time to sell our dinar.
2-5-2017 Intel/Newshound Guru tman23 CBI has not doubled their reserves...Quite frankly...They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves...which had citizens in panic that the IQD would devalue more...So the CBI says...everything is good, dinar is strong...NO PROBLEM HERE...The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS...IMPOSSIBLE that the CBI could double there reserves...[If that is the case why would the WB name them as the richest country in the world?] "ONE" of the richest countries in the world...Because they have large oil deposits...rich soil for agriculture...and a huge potential for mineral mining... Resources is what the WB was eluding to...because resources are assets...
2-5-2017 Newshound Guru firefly The WB clearly stated that Iraq is one of the richest countries in the world folks! Now why would they say that! Not to mention that Iraq has been Basel 3 compliant for a while now. Why did Iraq double their reserves is what you should be looking at.
2-5-2017 Newshound/Intel Guru BGG ...I hope conditions remain on the gain so the CBI and the GOI can get started with the economic and currency reform program in the first part of 2017 (as they have already forecasted). I doubt Trump has much to do with this. In fact, if he will have anything to do with it - he will obviously want Iraq pulling their own weight and at a real currency rate. He has plainly said he is not OK with countries operating at artificially low currency rates. If we haven't learned anything about Trump - we should have learned that he speaks plainly and pretty much is going to move ahead on the things he has said he would. One of these items is "world currency parity" - he's harped and harped and HARPED on this. There isn't a single authority on the subject who doesn't agree that Iraq's currency value is vastly undervalued. They want this fixed. So relax. This in on the way...
2-4-2017 Intel/Newshound Guru Mnt Goat I have told everyone keep a watch for the launching of the lower denominations. This will begin the RV. This is in FACT the ONLY way they can begin the RV process. So the CBI must take this process slowly and let it evolve. Yes-there is a plan and they are executing it. The next step is yet to come and we will see it shortly. THEY HAVE TO DO IT SOON! THEY TOLD US THEY WILL DO IT SOON! This is all FACTUAL based information from the CBI itself. [post 2 of 2]
2-4-2017 Intel/Newshound Guru Mnt Goat The Iraqi economy can not move in the direction they are planning to move it without first getting out of the sanctioned economy and getting off the “artificial” currency. Will it happen soon? Yes- and the CBI itself has told us all this will happen in EARLY 2017. It is now just February and we still have almost 2 months to go to qualify to still be within the reach of the EARLY 2017 timeframe. There is nothing else except watching them put together the needed laws to support the economic and financial reforms, then they will need the liberation of Mosul, but most importantly the Security breach in Iraq must be resolved. [post 1 of 2....stay tuned]
2-4-2017 Newshound Guru wmawhite Article: "...the news is wonderful and great , but i really do not see a change in value soon..." If the CBI gave you a forecast of a change in value, would that enable you to see a change in value soon? Because...the CBI has done exactly that.
2-4-2017 Newshound Guru Kaperoni Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" I believe Iraq is coming to a crossroads in a few months. Once Mosul is clear, there are no more excuses to not build a market economy. And under the current circumstances, Iraq has little choice but to pass the laws and open the banking system. The other option is not good since Iraq cannot even make payroll under the currency revenues and oil dependence. They will need to put people back to work to rebuild and develop the economy very soon or this could all start another cycle of violence and instability.
2-4-2017 Newshound/Intel Guru BGG Article: "The battle for Mosul: I have never seen such hard fighting like this" Daesh has lost half the city so far. There is no hope they will regain it. The UN came out of a security briefing just yesterday with a time-line in their heads... their comment "Daesh's days are numbered"...They did not say - directly. I take "numbered" to mean - no so long. ...I don't see Daesh in full retreat (yet) - but there is no doubt they are on the wrong end of things right now.
2-4-2017 Newshound Guru Kaperoni Article: "Currency damaged .. share ample haunt the people of Kirkuk and dissipate their salaries" Quote: "...calling on "State-owned banks to address the currency damaged because the majority of the provinces dealt with the damaged currency through government banks..." This is a very important thing. Remember last time they were about to start the program under Shabibi and the currency was also worn out. When they didn't, they ended up reprinting many of the notes (under Abdel Basset Turki) so the citizens would continue to use and have confidence in the dinar. To me, it looks like we are getting to that point once again. Hopefully, the CBI will begin currency reform this time along with electronic dinar to move the economy forward. Another reprinting is not beneficial.
2-4-2017 Newshound Guru FrostyTheSnowman Maybe I'm having a "Brain-Freeze" ...but with all of this political "POSTURING" in the Middle East ... I kinda wonder if we're in for a little "show-down" with Iran ... which could INSTANTLY SHOVE oil prices up ... providing some excellent "cover" (distraction) for an RV to silently pop in the still of (any) night.
2-3-2017 Intel/Newshound Guru Mnt Goat I have to clarify something to everyone concerning this value of the dinar against the US dollar. When we talk about the increase in the dinar rate for the RV we are not talking about or looking for the “artificial” rate of the dinar at 1170, 1166, etc to rise. No correlation! The “artifical” rate, as the CBI and IMF determined for the sanctions is just that “artificial” nothing else. So don’t wait and watch the current dinar rate (artificial rate) to rise for our RV increase Or sign that our RV is close at hand. Absolutely no correlation! The CBI only keeps talking so much about this “artificial” rate because they must get it stable against the US dollar, to which it is pegged to right now. That is all. So when the time comes and the CBI is ready they will raise the value of the dinar but this will only happen out of necessity so the market economy can operation freely, thus they will move from the currency “closed” economy to the “open” or “global” free trade economy. They were never intended to stay in the artificial rate.
2-3-2017 Newshound Guru mike Article: "Iraq: Calls to raise the value of the dinar" Quote: "He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»" I guess anything is possible, but...I can't see oil getting above $65 a barrel in 2017. Fracking has really done a number on the amount of oil produced on a global scale. Oil isn't enough, Iraq has to move towards an open market economy to survive. Borrowing billions of dollars every year isn't sustainable.
2-3-2017 Intel Guru RayRen98 If everything pans out according to the information I’m hearing, this should be our last Friday prior to the event, but I wont’ know until it actually takes place. However, based on the information and new information, I do think this is the last week. They cannot drag this out week after week; at some point, this pot is going to boil. It may very well be before next Friday, but I don’t sit in on those round table sessions...but don’t be surprised if we are NOT here next Friday. Don’t be surprised. I look forward to hearing some interesting things between now and Monday.
2-3-2017 Newshound/Intel Guru BGG It plainly appears both the CBI and Abadi had imagined there would have been a change already - they said as much. However, whatever the set of circumstances required were not quite in place yet.
2-3-2017 Newshound Guru Kaperoni Article: "Iraq: Calls to raise the value of the dinar" Iraq is in desperate need of rebuilding. From streets, to sewer to buildings, their is little time to waste. Iraqi's need to go back to work and private sector is the only solution. As [Guru] Mike has pointed out numerous times, the government is already spending more than it makes so they cannot afford more of the population on the state payroll. I am watching Mosul closely, IMO as soon as this is liberation is done, the GOI, CBI must act by activating the market economy. Give it 2-3 more months and we should begin to see some moves.
2-3-2017 Newshound Guru loop Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq»." Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes. I still think it has merit in that there is a growing number of economists who are echoing the same thing. [CBI is who is going to revalue the currency.] They are. Alak has telegraphed that as much as he can... IMO.
2-3-2017 Newshound Guru Aggiedad77 Article: "Rafidain Bank called civilian retirees for ameal in February salaries" Quote: "Press office of the bank said in a statement, responded to Twilight News, that the bank began paying civilian pensions for a meal in February 2017 ". "He said this includes the smart card holders to Card and retirees manual exchange." well what have we here...a week ago they wouldn't or couldn't pay...now suddenly...how coincidental...money is made available...how where oh where did it come from now.
2-3-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to take advantage of the investment companies to activate insurance" Quote: “to create an effective, equitable, secure and stable market provides protection to customers of the risks and the technical and financial foundations of sound”. We know in order to have a successful market economy Iraq will need the insurance sector to take part. ...protection for the investors...this is all exactly what we would expect to see in a move towards a market economy and want to see happening at this point. Can they do it with a currency that is worthless? How do these foreign investors pay for their insurance? These insurance companies coming into Iraq will surely be foreign and so do you think they will want to mess around with or can even function with this sanctioned currency and a “closed economy”. ...here is another entity too that will want to take its profits abroad, the insurance company. Also how do they pay out on claims if they can’t readily and easily convert (exchange) from one currency to the next? Hope you get my point?
2-3-2017 Newshound/Intel Guru Arthur The new U.S. administration appears to be taking a new and expanded role in accomplishing this poste haste with assistance from the air and ground as this is brought to a conclusion IMO in the next few days. We also see a new concerted effort by the Abadi regime to complete the GOI with the edition of the MOI and MOD with only one more major post to fill. With several needed laws including the HCL now entering the voting stage, the new eDinar ready to be distributed for salaries to all oil pipeline companies as of last week, and still no visible CBI rate for 30 days, it is safe to say we are now right on the precipice of the final implementation of all the economic reforms up to and including the revaluation of the Iraqi dinar. [post 2 of 2]
2-2-2017 Newshound/Intel Guru Arthur There is clearly and quite palpably nothing formerly glorious about the UN sanctioned current programmed rate of the IQD. And the very notion that they are satisfied or could even continue indefinitely to function at this level is totally ridiculous. The Arabic phrase "former glory" used by the Iraqi's here as مجـده السـابـق clearly indicates a return to its original high standing it had when it was one of the worlds leading currencies. They have indicated in no uncertain terms that as soon as Mosul is sufficiently edited the Iraq currency will then and only then return to its aforementioned "former glory." The UN meeting today showed they are well into finishing up this phase which is the liberation of the Western portion of Mosul. [post 1 of 2....stay tuned]
2-2-2017 Newshound Guru Aggiedad77 Article quote: "Euphrates News Council of Ministers held an emergency meeting on Thursday to complete the adoption of certain laws." Emergency meeting...we adopted some laws today...get that "adopted" "certain" laws...what would you like to bet this may have been done...been completed to perhaps make the IMF happier than they may have already been...it's all good...gooder...and gooderer...otherwise known as more gooder...IMO.
2-2-2017 Newshound Guru loop ...when we first heard about KPMG being contracted to provide training last month, one of the main areas of focus was detection of illegal activity... Now they sign a MoU with the UK to help with their measures to combat money laundering and financing of terrorism. Remember that the US Treasury and Federal Reserve are also help in this regard with the World Watch database. This all points to one thing. THEY ARE SERIOUS ABOUT STOPPING THE MONEY LAUNDERING AND TERRORIST FINANCING. REMEMBER THIS IS PART OF THE IMF SBA. MORE PROGRESS.
2-2-20217 Newshound Guru firefly Basnews has removed the exchange rate from their web site...interesting. CBI still hasen't updated their spreadsheet. So since Dec 31, the 3 boxes has been empty. Sometimes news sources DO jump the gun...IMO of course. I've seen it happen with my own eyes. ...Basnews is a Kurdistan news outlet which makes it very interesting...at least to me.
2-2-2017 Intel Guru Frank26 Once you have Mosul...you have security / stability...and the MR. 1 to 1? ...IMO...NOT ANY MORE! That 3.86 and 3.84 info came from somewhere...and IMO...Bas News did NOT lie. They claim that it was a “mistake” ...but IMO...I believe they were embarrassed. According to [Guru] Delta...Bas News It is a legitimate site. I don’t believe it was wrong. (Press leaks) These leaks seem to be a sign. Another other article said that 1 IQD was = .76 cents. Another article said that 50 IQD = $38 USD. Come on!!! BTW – both of these numbers came out of the Kurdistan region... from 2 different sources. You are witnessing history! Enjoy the journey! These are epic moments in the Middle East.
2-2-2017 Intel Guru ADMINBILL WHERE ARE WE TODAY? IN THE BEGINNING OF THE BEGINNING. MUCH OF WHAT NEEDS TO BE DONE IS HAPPENING IN WASHINGTON, DC. THAT DOES NOT MEAN THAT THE USA IS IN CHARGE. IT MEANS THAT OUR COUNTRY IS BEING SCRUTINIZED. WE ARE PASSING. I DO NOT THINK THERE IS A DELAY. REPORTS ARE COMING IN FROM VIETNAM ON AN OM CALL THAT THE RV OF THEIR CURRENCY [Dong] IS TO START BETWEEN THE 2/6-2/8. UNCONFIRMED AND NOT SOLID AS YET.
2-2-2017 Intel/Newshound Guru Mnt Goat According to the news media in Iraq - yesterday the order was given to begin advancements toward the western of Mosul (across the Tigris River). They are doing this in the hope this could accelerate the final resolution and liberation of Mosul. So this week we heard yet more news on what it takes to bring in foreign investors into the Iraqi “market” economy. It is nice to see them having these conversations. This will be the growing pains as the country progresses in the future... They need to put laws in place and to allow for freedom of capital flows to strike the needed balance. This is not something they can do or will do overnight. This will take years if not decades but we are seeing now even the point where investors are choosing to come into Iraq. We are seeing the progress. I believe they are at the point now that this sector may be stable enough now for the RV. Having a plan and constantly moving towards the target was needed.
2-2-2017 Newshound Guru loop Their actions over the last 18 months to reform their banking and financial sectors are indicating that they plan on moving to some degree of a market economy. The most encouraging thing about this, IMO, is that the tempo in which they are getting things done is increasing all the time...Which is a big indicator that this move will occur sooner rather than later.
2-2-2017 Intel Guru Frank26 I think that there has been some undisciplined people (MEDIA) in the Middle East...a few slip-ups in the media lately ...one that came out of Basra News...where they talked about 3.84 and 3.64...seriously! We called it the “perfect mistake” ...and another one came out on Tuesday... talking about raising 4 Million Dollars for some fund raising for some religious thing. They said something like 50 IQD was = to 38 USD’s. NO IT’S NOT! I believe there is a lot of “leakage” going on about the MR. The numbers...IMO... are not mistakes...they removed them...out of fear. IMO -- The CBI is allowing this. The perfect mistake IMO is nothing more than the jump of the gun. [See Guru wmawhite Post below]
2-2-2017 Newshound Guru wmawhite Article quote: “In 2016, the revenue for Hajj and Umrah was more than $5 million,” Naqshbandi said. “We collected more than $4 million from the people, who need to pay 50 IQD [about $38 USD] to fill in the application form. And we collected about $1 million from Umrah fees. With this, we had more than $5 million in revenue from these two elements, and have provided the revenues to the government.” Does something jump out at you from this piece of an article? to pay 50 IQD [about $38 USD] 38 IQD divided by $50 = $0.76. [I believe it is speaking of a 50,000 note.] you are probably correct...it still amazes me that an error of 50,000 can be made in the writing of this article. This article is Rudaw (out of Kurdistan). Normally very good with their reports and translations...
2-2-2017 Intel Guru Frank26 BasNews website... it is a legite site. ...I’m just curious…how did they get the number 3.64 and 3.84? Well, anybody that might accept that it was a mistake might be gullible...Because you don’t remove a mistake, you correct a mistake… [reference Guru tman23 post 1-29-2017, Guru loop post 1-31-2017 & Guru BGG post 1-30-2017]
2-1-2017 Newshound Guru MyLadies FOR THOSE OF YOU THAT ARE WONDERING HOW IRAQ WILL PAY FOR THIS OR PAY FOR THAT...THEY WILL PAY IN DOLLARS. THERE IS NO FINANCIAL PRESSURE ON THE CBI TO DO ANYTHING... NOW FOR THE FEBRUARY 4TH DATE OR THE NEW FEBRUARY 5TH DATE OR THE FEBRUARY 15 DATE AS SHOWING THAT THE DINAR WILL INCREASE...IT’S OK TO STOP WAITING NOW BECAUSE THE PRICE DID INCREASE ON THE 26TH. IT WENT FROM 1275 TO 1265. THE DINAR IS JUST FINE AS IT IS AND IRAQ IS SCREAMING THAT FROM THE ROOFTOPS. NOW AS FOR TRADING INTERNATIONALLY THAT IS A REALITY AND PROBABLY SOMETIME IN 2017 BUT FOLKS THEY WILL NOT TRADE WITH A NEW PRICE, THEY WILL SIMPLY REMOVE THE SUBSIDIZED PEG AND TRADE PEGGED TO A BASKET OF CURRENCIES BUT TO DO THAT THEY DO NOT NEED TO CHANGE THE PRICE, NOR CAN THEY AFFORD TO CHANGE THE PRICE ANYTIME SOON.
2-1-2017 Intel Guru Frank26 I told you that last Wednesday we feel that something happened at a specific time...It is on that Wednesday ...that the committee of Ministers, IMO, met with the CBI and they made some decisions on their MR family... They need to accept the National Settlement and...that includes the MR of their currency. The President of the National Alliance, al-Hakim was told, you’ve gotta do the National Settlement as we agreed in all these meetings. Any rejection of the National Settlement will lead Iraq’s return quickly into a trusteeship that we will govern and control or simply return you back into Chapter 7. [post 2 of 2]
2-1-2017 Intel Guru Frank26 IMO as of last Wednesday, there are numbers on screens that are important and it is because of the accomplishment of the SWIFT system and the IBAN system but they are not the true numbers yet. Why? Because there is an evolution of the Iraqi Dinar rate that is going on in country right now. There is a tremendous windfall coming into Iraq right now, and I think it will continue even heavier during the 72-78 days... IMO this change that has occurred after the 21st it was the front end and the back numbers that are now engaged. There is an intention to get to a cap rate. We believe that they have agreed on that time frame. And all because again, of the volume that is coming into this country right now. There is a swelling of an announcement IMO that is occurring right now about this topic...the nations that are bringing in a lot of volume into Iraq right now are heavily involved with Iraq. Not with the MR but indirectly because they are involved with their ER’s, their infrastructure, their rebuilding of it. [post 1 of 2....stay tuned]
2-1-20217 Intel Guru RayRen98 The announcement I was looking for through the weekend didn’t take place, but the action did, and that’s more important than the announcement. We’re still in an extremely good place...There is no question that an RV is on the way and already in effect; we’re just waiting to see when it is in effect for us, and I still believe that is very soon.
2-1-2017 Newshound Guru Adam Montana The "noise" going on right now, with newly elected President Trump, is almost deafening! I was curious at first about how this would affect us and the Dinar, but as we move into February I'm starting to like how it's working out. In spite of the overwhelming sound of the Main Stream Media grinding it's influence over the general public like a chef adding seasoning to a gourmet meal to influence it's flavor, Iraq and favorable entities to Iraq seem to be ignoring the hypnotic nonsense spewing out of the boob-tubes, and they continue to move in a forward direction and get things done. HCL: We are SO CLOSE to seeing this happen! While this is still in “speculation” mode, many that keep up with the situation (almost as if their finances depend on it…) will happily tell you that our “waiting” is almost over on this matter.
2-1-2017 Intel/Newshound Guru Mnt Goat "Urgent and defense and interior ministers sworn in lead And Abadi Tweet 01/30/17" Article quote: "The House voted today to give confidence to Aargi and Hayali with the voice not to consent to grant the office of the Ministry of Commerce to the candidate Inam al-Obeidi, and the granting of candidate Yusuf al-Asadi as Minister of Industry." Two of the three vacant ministers have been filled and this is exactly what we would expect to see. They will need a “fully functional govt in order to RV so Abadi has to come up with another candidate for the Ministry of Commerce. I also expect the HCL to pass soon.
2-1-2017 Intel Guru Frank26 Donald Trump is telling the United Nations if you don’t follow through on the National Alliance Agreement, in other words...all the reforms, the economic reforms (ER), the MR...remember the loans the IMF was going to give you… remember the investors pouring in to your country? Well...if you do not agree with the National Alliance Settlement, in other words, all the IMF meetings that we’ve had...you said you were going to raise the value, right? At the beginning of the year, right? Seriously? You’re not going to follow through with what we told you to do? Guess what?!? We’ll put Chapter 7 back on you. This is HUGE... [post 2 of 2]
2-1-2017 Intel Guru Frank26 Article: “Hakim Rejects the Settlement Under the International Trusteeship” Hakim are you serious? You’re considering to reject the National Alliance Settlement that we have signed together? Trump is not fooling around with Iraq and I really believe he is not going to allow them to continue to fool around with the laziness of the Monetary Reform (MR). Now granted, we are in control of the MR, we’ve told them to lift the value, we’ve told everything that they need to do...we’ve taken them every place that they need to be in the International theater. We are in control but it is their Sovereignty, it is their prerogative to take that control and push the button that lifts the value on their currency. [post 1 of 2....stay tuned]
2-1-2017 Intel Guru Bruce We are looking for a final announcement that states that fact and the liberation of Mosul. Hopefully...We might find it out tomorrow of the liberation of Mosul. That will allow the trigger to discuss the rest of what Iraq is doing in the international asset gold back currency. In Iraq, China made a gift of the Iraqi flag, which is 38 feet tall by 60 feet long. It has been flying steady in its location in a nice section of Mosul for days now. It is a good sign. CBI site has not shown a new rate on spread sheet for 30 days. Their law says it has to be posted on their sites no longer than 30 days. We are right there or should be there in a matter of day or two having that rate updated on their site, the CBI site. Realize that we are close. I am positive in terms of our timing and good shape for this to go through. We need to stay patient a little bit longer. [post 2 of 2]
2-1-2017 Intel Guru Bruce ...In Iraq, in the laws they have passed, their Qi cards that are charged and working all over the world at a rate in the $4 range. We know Dr Shabbi stated the Iraq dinar could support a rate of $16. We know there is a valuable rate going to be higher than we thought it would be. The last rate before...their economy was...crushed...$3.22. So we thought it should be at $3.22 or higher. We are happy Iraq has their sovereignty back, their currency back, able to open up and be tradable across the world. [post 1 of 2....stay tuned]
2-1-2017 Intel/Newshound Guru Mnt Goat ...this does not necessarily mean that the instant the war is over we get the RV. This statement could mean that over the next couple years along with the financial and economic reforms they plan to rebuild the economy and eventually get the dinar up to the past value. It is the economy that will drive the rate higher and higher but first they must somehow kick start it. Thus I firmly believe that the initial launching of these lower denoms [with around a 1:1 - IQD:USD] as this catalyst. For the economic Stability - we have been witnessing all the financial reforms, economic reforms, banking reforms and anti-corruption laws, the price of oil rise (thus more revenue) and so we know this part is ready and now in alignment. All the factors now seem to be coming into alignment once again like a solar eclipse... and this is our proof that the time is very near. [post 2 of 2]
2-1-2017 Intel/Newshound Guru Mnt Goat Article: "A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil prices and the continuation of the "waste" of public money." First they told us the CBI reserves are safe in the near future, as they are stabilized due to the recent borrowing and other resources. I quote from the article above – “the government has stopped for the time being its reliance on central bank reserves, and began to take advantage of the state's resources and borrowing,” ...so now we know they no longer have a need to tap into the reserves as they are using other sources to make up the deficit going forward. But the best news is...I quote from the article above – “is expected to return to its former glory after the end of the war on Daesh” ...we must wait for the final announcement from PM Abadi that the war with Daesh is entirely over. This is when the war will be “officially” ended. But nonetheless it is still excellent news to hear it from the mouth of the CBI once again. [post 1 of 2....stay tuned]
1-31-2017 Intel Guru Dr. Clarke Iraq has not posted their NEW rate yet, including the Budget, because they've been WAITING. Waiting on the BEST timing, to let things move, which has been a combination of seeing what happens in the U.S., and how far they can advance against and within Mosul & in Syria. The more they advance, the quicker they can move the rate, at least UP A LITTLE BIT...they want to get the ball rolling out of the gate, somewhat slowly, and let it pick up lot of steam over the next few months...the Economy demands it...We're going to go ahead and tell you, that we see the month of MAY, as a VERY KEY MONTH... [post 3 of 3]
1-31-2017 Intel Guru Dr. Clarke The real wealth is in the ground, in primarily OIL, at least for the long foreseeable future...and it's been moving through the hands of crooks, for too many years, by the Trillions. The new administration is cleaning out the last remnants of what is remaining there, as quickly as possible (ISIS)...but the Public WILL NOT BE MADE AWARE OF THE PROGRESS on ANY PUBLIC NEWS MEDIA...It doesn't make any sense – You're NOT going to know any factual details AHEAD OF TIME". They want to be able to suddenly and publicly announce that especially Iraq, and probably before Syria...is ISIS free, cleared, safe, liberated etc., so that the world is put on OFFICIAL NOTICE, and Business - Financial Business, in Iraq can not only be JUSTIFIED, but THRIVE FULLY. This is a WORLDWIDE MESSAGE, not just for Iraq. Take Note: THIS IS CLOSER TO HAPPENING NOW, THAN YOU THINK. [post 2 of 3....stay tuned]
1-31-2017 Intel Guru Dr. Clarke We'll be able to tell you more, after February 12th. But for now, according to our view, there's a real possibility, and we say "possibility", that Iraq will implement a small rate increase between now and Feb. 5, and show it within the budget publicly. ...What's really uncertain, but KEY, is the progress particularly in Mosul - BECAUSE - read this closely...and we're NOT picking political sides, as we always state...the Trump administration is throwing everything they have at it, right at this moment ...to End it ASAP & in Syria, as well... BECAUSE, President Trump knows "where the money is at ". ...He has always known, that Iraq & the ME, is where the massive wealth is centered, especially with regard to the U.S. future. Not just the currency, which is but a very small part of the wealth. [post 1 of 3....stay tuned]
1-31-2017 Intel Guru Frank26 [ (Guru) DELTA POSTED THAT CBI HAS 30 DAYS THAT THEY HAVE TO POST EXCHANGE RATE ACCORDING TO THEIR CONSTITUTION.] IMO...Go by when they showed YOU...January 4th 2017.
1-31-2017 Newshound Guru loop Article: "BasNews Clarification on Exchange Rate Section 30 January 2017" "ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website. This section is under maintenance and the dysfunction will be fixed very soon. The exchange rate in Erbil according to local stock markets on January 30th is:
$100 = 128,000 IQD
€100 = 138,000 IQD
£100 = 160,000 IQD
1-31-2017 Newshound Guru mike Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." "Former Glory" would be 1166 or even 1184 at this point. Street rate is almost 10% less than face value. There are no shortcuts to monetary reform...unrealistic RV type rate, won't happen.
1-31-2017 Intel Guru RayRen98 Over the weekend we grew to 39 banks, three credit unions, and 5-6 dealers openly buying and selling dinar. We are still very much in this game. We haven’t taken any steps backward, although there was possibly a pause this weekend, and didn’t take the further steps that would allow me to lay out where we actually are in this game. I suspect information will come in over the next couple of hours, maybe, about what happened and where we are. I know we are somewhere near the end...It’s just a matter of time, so we wait.
1-31-2017 Intel/Newshound Guru tman23 USA to build 2nd largest embassy in world to be in Kurdistan...The largest in Baghdad...WHY 2 large embassies in one country? ...The embassy in Kurdistan...600 million usd... Kurdistan now has over 45 different country consulates...Why?
Read more: http://www.dinarguru.com/#ixzz4Y9pG1XQG
2-7-2017 Newshound Guru loop Article: "Financial stresses securing full salaries for 2017" This is right in line with what the IMF SBA agreement wants them to be doing. It is essential that they have a fully actionable budget and here they are saying that they have got the the salaries for 2017 covered. [Does being able to cover help the monetary change?] It just means that they have the salaries factored into the budget and are expressing that they intend to pay them. Which is a big step forward for them...IMO. The monetary change has nothing to do with it. One dinar will always equal one dinar. So if I get paid 50,000 dinars a week, I will still be getting 50,000 dinars a week. What will change is what I can purchase with the money.
2-7-2017 Newshound Guru Enorrste Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq" What I found interesting about this article is that the people mentioned as calling for a rise in the value of the dinar are people who are "invested" in the economy, as opposed to legislators or professors, whose opinions run the gamut from positive to negative. These guys seem to have their hands on the controls and are involved in the day-to-day business affairs of their country. Therefore, I see this as a very positive sign that those who will actually benefit from the rise in the value are now calling for the CBI to begin the process.
2-7-2017 Newshound/Intel Guru BGG The dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars. By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate.[1] - The Gulf War ended in 1991. So the $3 rate was "live" until sometime in 1991.
2-7-2017 Newshound Guru mike Article: "Trump confiscate Iraqi political funds billions" ...here's hoping it's true. I have no doubts that the leadership of Iraq have been pillaging the peoples money for years now, it's just surprising to see Trump seize it. Iraqi's use this money to grease the wheels, they pay people off and employ militia's that are outside the control of the government, if those funds are turned off, Maliki and the rest...are effectively out of business. It isn't Maliki's charm they're following, it's the money.
2-7-2017 Intel Guru ADMINBILL IF WHAT I AM HEARING OVER THE PAST FEW DAYS IS ACCURATE, THIS WEEK WILL BE PROFOUNDLY EXCITING. COULD IT BE PUSHED BACK? OF COURSE IT COULD BUT I THINK NOT.
2-7-2017 Intel Guru Frank26 ...remember, [Guru] Delta brought us the component that says that Iraq can only keep the rate of their currency off of the CBI’s website for 30 days. You really shouldn’t worry about those 30 days...or try to measure them...Why? Because...they had meetings that you didn’t know about until now. Why? This is a special case... Who is helping Iraq out with the monetary reform? The USA, UN, IMF, World Bank...but the USA is deeply involved in the MR of the IQD. The things that are going on...are NOT to fail! The 30 days may be ignored...So we’re making special arrangements with Iraq? Breaking rules and breaking laws? The spreadsheet of the CBI website...has been given special variances...IMO.
2-7-2017 Intel/Newshound Guru Mnt Goat Article: "Iraqi National Alliance Delegation Arrive in Erbil" Quote: "A top delegation from the Shiite National Alliance led by Ammar al-Hakim arrived in the Kurdistan Region on Saturday afternoon for discussions over the national reconciliation in Iraq and the situation of Mosul after the Islamic State (IS)." ...remember they told us they would wait and hold off implementing the National Reconciliation until after Mosul was totally liberated. So is this good news for us. Finally a real attempt for peace in Iraq. With peace comes prosperity, with prosperity for these people comes prosperity for us. They very close to the final stages of COMPLETELY liberating Mosul.
2-7-2017 Newshound Guru mike Article: "Baghdad and Washington are discussing the editing process, west of Mosul" Quote: "The Defense Minister Irfan Mahmood Hayali met in his office the US ambassador to Iraq , Douglas Silliman, During the meeting , they discussed preparations for the armed forces in the liberation of the western side of the process of the city of Mosul." This is the largest fight the Iraqi army will face, the western side of Mosul is the oldest and has the narrowest streets, it's going to be difficult to retake.
2-6-2017 Newshound Guru Aggiedad77 Article quote: "...the National Alliance delegation will visit on the afternoon of the day the headquarters of the Movement for Change, and will hold a meeting with the leaders of the movement." Now there is some great news if ever there was any...talk of reconciliation...these guys all going to the Kurds...when did you last hear of them doing that...Hakim has been there...I think I read where Masum the Iraqi President has been there...Are these talks with a commonality...that of national reconciliation...meeting with the Barzani family...all these blocs meeting...has to be some significant importance...not just Mosul...but perhaps a binding of relationships...after all wouldn't that be a key point with any type of reconciliation...
2-6-2017 Intel/Newshound Guru tman23 The 120 Meter highway project was added to Erbil's master plan in 2005. It is the outermost of the ring roads that circle the city with the historic Erbil Citadel at the centre It is 38 km long. Work on the road started in early 2013. The project took 4 years and two months. It was completed three months ahead of schedule...Guess the war on ISIS had no affect on construction of roads and foreign contractors in Kurdistan.
2-6-2017 Newshound Guru mike Article: "MPs and experts: Beyond the financial crisis and put the currency reserves reassuring" Quote: "the central bank lending to the government , although the Bank Act prohibits, in Article 26, lending to the government , either directly or indirectly." [That is how they can claim to have all those billions still in reserve. They loaned them out, see, so they're still in the asset column in the form of an IOU.] The MoF were using bond instruments to extract dinars from the CBI, it's a workaround the law and a shell game the GOI is pulling off...this money will still show up as a credit on the ledgers because it's attached to a bond that's guaranteed by Iraq...they're eating the seed corn.
2-6-2017 Intel Guru RayRen98 We went into the weekend with some good expectations, with information saying the green light has been sent; now it’s up to them to receive it and do what they need to do...we are in a good place. I saw intel about other countries considering rate changes. Today I’m hearing about some supposed rate changes, which is very exciting... I’m waiting for confirmation... If it all holds up, it will be very good for us – if not today, then this week. We’re waiting to hear what good solid information is coming out of Iraq...
2-6-2017 Newshound Guru loop Article: "Central banks demanding disclosure of the names of the transferred customers from foreign remittance payments" Quote: "for the purpose of activating the Help the sale and purchase of foreign bank's currency and sufficient oversight of compliance Massarvkm check the sources money your customers and their uses, it was decided to send a special list of the names transferred customers and end-beneficiaries of the sums foreign remittances that are implemented through the sale and purchase of foreign currency window. " What I got from the translation is that the CBI is making it mandatory that all banks provide the Company name and the name of the person in change [charge ?] with all foreign currency transactions. This is right in line with what the IMF wants them to do to combat the financing of terrorism. Love the call for transparency. They are working the plan.
2-6-2017 Newshound Guru EHankins I'M GOING TO GO...WAY OUT ON THE LIMB... BUT IT SEEMS THAT THE MAJORITY OF ARTICLES WE ARE READING SEEM TO BE WHAT ONE WOULD READ POST MR/RV...THERE DOESN'T SEEM TO BE MUCH TO POINT TO A LEADING UP TO WHAT'S LOOKED FOR VERY MUCH ANYMORE. THERE IS A LOT OF EVIDENCE OF MONEY POURING INTO IRAQ AND THE RESULTS MAKING IT'S WAY THROUGHOUT IRAQ IN MANY DIFFERENT WAYS...TO MANY TO NUMBER. OBVIOUSLY, THERE'S ALOT GOING ON AND MANY REPORTS OF IT AS IF THE MR/RV IS ALREADY HISTORY...HOPE THIS MAKES SENSE...I CAN SEE IT.
2-6-2017 Newshound Guru Kaperoni Article: "Parliamentary Legal planned to introduce a number of important laws to parliament table" Quote: "all of these laws are important, and we will work on in the coming days." They been saying this for the past two years. I'll wait until I see them passed before I get excited.
2-5-2017 Newshound Guru mike [When they remove JP Morgan from the CBI everyone will give a sigh of relief] As far as I know, JP Morgan has nothing to do with the internal operations of the CBI. In 2003 the Coalition Provisional Authority (CPA) created the Trade Bank of Iraq, an independent government bank to provide financial services to facilitate the import and export of goods and services to and from Iraq. In the first year of operation TBI was associated with a consortium of international banks led by JPMorgan Chase. During the startup period, the consortium offered TBI technical support and banking know-how and it has been issuing and confirming letters of credit and letters of guarantee on behalf of TBI. The consortium remained at the heart of TBI's correspondent network and had been a key element in the successful growth of TBI's trade business. The TBI, and it's consortium, are licensed by the CBI, but not part of it. JP Morgan isn't going anywhere, and neither is the international network of 134 correspondent banks covering 63 cities spread over 39 countries that make up the consortium of the TBI. IMO.
2-5-2017 Newshound Guru Kaperoni Article: "Iraq confirms his efforts to join the World Trade Organization" I have never really cared much about the WTO except for that fact it motivates Iraq to currency reform. Once the CBI reform starts, we all will decide the appropriate time to sell our dinar.
2-5-2017 Intel/Newshound Guru tman23 CBI has not doubled their reserves...Quite frankly...They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves...which had citizens in panic that the IQD would devalue more...So the CBI says...everything is good, dinar is strong...NO PROBLEM HERE...The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS...IMPOSSIBLE that the CBI could double there reserves...[If that is the case why would the WB name them as the richest country in the world?] "ONE" of the richest countries in the world...Because they have large oil deposits...rich soil for agriculture...and a huge potential for mineral mining... Resources is what the WB was eluding to...because resources are assets...
2-5-2017 Newshound Guru firefly The WB clearly stated that Iraq is one of the richest countries in the world folks! Now why would they say that! Not to mention that Iraq has been Basel 3 compliant for a while now. Why did Iraq double their reserves is what you should be looking at.
2-5-2017 Newshound/Intel Guru BGG ...I hope conditions remain on the gain so the CBI and the GOI can get started with the economic and currency reform program in the first part of 2017 (as they have already forecasted). I doubt Trump has much to do with this. In fact, if he will have anything to do with it - he will obviously want Iraq pulling their own weight and at a real currency rate. He has plainly said he is not OK with countries operating at artificially low currency rates. If we haven't learned anything about Trump - we should have learned that he speaks plainly and pretty much is going to move ahead on the things he has said he would. One of these items is "world currency parity" - he's harped and harped and HARPED on this. There isn't a single authority on the subject who doesn't agree that Iraq's currency value is vastly undervalued. They want this fixed. So relax. This in on the way...
2-4-2017 Intel/Newshound Guru Mnt Goat I have told everyone keep a watch for the launching of the lower denominations. This will begin the RV. This is in FACT the ONLY way they can begin the RV process. So the CBI must take this process slowly and let it evolve. Yes-there is a plan and they are executing it. The next step is yet to come and we will see it shortly. THEY HAVE TO DO IT SOON! THEY TOLD US THEY WILL DO IT SOON! This is all FACTUAL based information from the CBI itself. [post 2 of 2]
2-4-2017 Intel/Newshound Guru Mnt Goat The Iraqi economy can not move in the direction they are planning to move it without first getting out of the sanctioned economy and getting off the “artificial” currency. Will it happen soon? Yes- and the CBI itself has told us all this will happen in EARLY 2017. It is now just February and we still have almost 2 months to go to qualify to still be within the reach of the EARLY 2017 timeframe. There is nothing else except watching them put together the needed laws to support the economic and financial reforms, then they will need the liberation of Mosul, but most importantly the Security breach in Iraq must be resolved. [post 1 of 2....stay tuned]
2-4-2017 Newshound Guru wmawhite Article: "...the news is wonderful and great , but i really do not see a change in value soon..." If the CBI gave you a forecast of a change in value, would that enable you to see a change in value soon? Because...the CBI has done exactly that.
2-4-2017 Newshound Guru Kaperoni Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" I believe Iraq is coming to a crossroads in a few months. Once Mosul is clear, there are no more excuses to not build a market economy. And under the current circumstances, Iraq has little choice but to pass the laws and open the banking system. The other option is not good since Iraq cannot even make payroll under the currency revenues and oil dependence. They will need to put people back to work to rebuild and develop the economy very soon or this could all start another cycle of violence and instability.
2-4-2017 Newshound/Intel Guru BGG Article: "The battle for Mosul: I have never seen such hard fighting like this" Daesh has lost half the city so far. There is no hope they will regain it. The UN came out of a security briefing just yesterday with a time-line in their heads... their comment "Daesh's days are numbered"...They did not say - directly. I take "numbered" to mean - no so long. ...I don't see Daesh in full retreat (yet) - but there is no doubt they are on the wrong end of things right now.
2-4-2017 Newshound Guru Kaperoni Article: "Currency damaged .. share ample haunt the people of Kirkuk and dissipate their salaries" Quote: "...calling on "State-owned banks to address the currency damaged because the majority of the provinces dealt with the damaged currency through government banks..." This is a very important thing. Remember last time they were about to start the program under Shabibi and the currency was also worn out. When they didn't, they ended up reprinting many of the notes (under Abdel Basset Turki) so the citizens would continue to use and have confidence in the dinar. To me, it looks like we are getting to that point once again. Hopefully, the CBI will begin currency reform this time along with electronic dinar to move the economy forward. Another reprinting is not beneficial.
2-4-2017 Newshound Guru FrostyTheSnowman Maybe I'm having a "Brain-Freeze" ...but with all of this political "POSTURING" in the Middle East ... I kinda wonder if we're in for a little "show-down" with Iran ... which could INSTANTLY SHOVE oil prices up ... providing some excellent "cover" (distraction) for an RV to silently pop in the still of (any) night.
2-3-2017 Intel/Newshound Guru Mnt Goat I have to clarify something to everyone concerning this value of the dinar against the US dollar. When we talk about the increase in the dinar rate for the RV we are not talking about or looking for the “artificial” rate of the dinar at 1170, 1166, etc to rise. No correlation! The “artifical” rate, as the CBI and IMF determined for the sanctions is just that “artificial” nothing else. So don’t wait and watch the current dinar rate (artificial rate) to rise for our RV increase Or sign that our RV is close at hand. Absolutely no correlation! The CBI only keeps talking so much about this “artificial” rate because they must get it stable against the US dollar, to which it is pegged to right now. That is all. So when the time comes and the CBI is ready they will raise the value of the dinar but this will only happen out of necessity so the market economy can operation freely, thus they will move from the currency “closed” economy to the “open” or “global” free trade economy. They were never intended to stay in the artificial rate.
2-3-2017 Newshound Guru mike Article: "Iraq: Calls to raise the value of the dinar" Quote: "He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»" I guess anything is possible, but...I can't see oil getting above $65 a barrel in 2017. Fracking has really done a number on the amount of oil produced on a global scale. Oil isn't enough, Iraq has to move towards an open market economy to survive. Borrowing billions of dollars every year isn't sustainable.
2-3-2017 Intel Guru RayRen98 If everything pans out according to the information I’m hearing, this should be our last Friday prior to the event, but I wont’ know until it actually takes place. However, based on the information and new information, I do think this is the last week. They cannot drag this out week after week; at some point, this pot is going to boil. It may very well be before next Friday, but I don’t sit in on those round table sessions...but don’t be surprised if we are NOT here next Friday. Don’t be surprised. I look forward to hearing some interesting things between now and Monday.
2-3-2017 Newshound/Intel Guru BGG It plainly appears both the CBI and Abadi had imagined there would have been a change already - they said as much. However, whatever the set of circumstances required were not quite in place yet.
2-3-2017 Newshound Guru Kaperoni Article: "Iraq: Calls to raise the value of the dinar" Iraq is in desperate need of rebuilding. From streets, to sewer to buildings, their is little time to waste. Iraqi's need to go back to work and private sector is the only solution. As [Guru] Mike has pointed out numerous times, the government is already spending more than it makes so they cannot afford more of the population on the state payroll. I am watching Mosul closely, IMO as soon as this is liberation is done, the GOI, CBI must act by activating the market economy. Give it 2-3 more months and we should begin to see some moves.
2-3-2017 Newshound Guru loop Article: "Iraq: Calls to raise the value of the dinar" Quote: "Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq»." Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes. I still think it has merit in that there is a growing number of economists who are echoing the same thing. [CBI is who is going to revalue the currency.] They are. Alak has telegraphed that as much as he can... IMO.
2-3-2017 Newshound Guru Aggiedad77 Article: "Rafidain Bank called civilian retirees for ameal in February salaries" Quote: "Press office of the bank said in a statement, responded to Twilight News, that the bank began paying civilian pensions for a meal in February 2017 ". "He said this includes the smart card holders to Card and retirees manual exchange." well what have we here...a week ago they wouldn't or couldn't pay...now suddenly...how coincidental...money is made available...how where oh where did it come from now.
2-3-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to take advantage of the investment companies to activate insurance" Quote: “to create an effective, equitable, secure and stable market provides protection to customers of the risks and the technical and financial foundations of sound”. We know in order to have a successful market economy Iraq will need the insurance sector to take part. ...protection for the investors...this is all exactly what we would expect to see in a move towards a market economy and want to see happening at this point. Can they do it with a currency that is worthless? How do these foreign investors pay for their insurance? These insurance companies coming into Iraq will surely be foreign and so do you think they will want to mess around with or can even function with this sanctioned currency and a “closed economy”. ...here is another entity too that will want to take its profits abroad, the insurance company. Also how do they pay out on claims if they can’t readily and easily convert (exchange) from one currency to the next? Hope you get my point?
2-3-2017 Newshound/Intel Guru Arthur The new U.S. administration appears to be taking a new and expanded role in accomplishing this poste haste with assistance from the air and ground as this is brought to a conclusion IMO in the next few days. We also see a new concerted effort by the Abadi regime to complete the GOI with the edition of the MOI and MOD with only one more major post to fill. With several needed laws including the HCL now entering the voting stage, the new eDinar ready to be distributed for salaries to all oil pipeline companies as of last week, and still no visible CBI rate for 30 days, it is safe to say we are now right on the precipice of the final implementation of all the economic reforms up to and including the revaluation of the Iraqi dinar. [post 2 of 2]
2-2-2017 Newshound/Intel Guru Arthur There is clearly and quite palpably nothing formerly glorious about the UN sanctioned current programmed rate of the IQD. And the very notion that they are satisfied or could even continue indefinitely to function at this level is totally ridiculous. The Arabic phrase "former glory" used by the Iraqi's here as مجـده السـابـق clearly indicates a return to its original high standing it had when it was one of the worlds leading currencies. They have indicated in no uncertain terms that as soon as Mosul is sufficiently edited the Iraq currency will then and only then return to its aforementioned "former glory." The UN meeting today showed they are well into finishing up this phase which is the liberation of the Western portion of Mosul. [post 1 of 2....stay tuned]
2-2-2017 Newshound Guru Aggiedad77 Article quote: "Euphrates News Council of Ministers held an emergency meeting on Thursday to complete the adoption of certain laws." Emergency meeting...we adopted some laws today...get that "adopted" "certain" laws...what would you like to bet this may have been done...been completed to perhaps make the IMF happier than they may have already been...it's all good...gooder...and gooderer...otherwise known as more gooder...IMO.
2-2-2017 Newshound Guru loop ...when we first heard about KPMG being contracted to provide training last month, one of the main areas of focus was detection of illegal activity... Now they sign a MoU with the UK to help with their measures to combat money laundering and financing of terrorism. Remember that the US Treasury and Federal Reserve are also help in this regard with the World Watch database. This all points to one thing. THEY ARE SERIOUS ABOUT STOPPING THE MONEY LAUNDERING AND TERRORIST FINANCING. REMEMBER THIS IS PART OF THE IMF SBA. MORE PROGRESS.
2-2-20217 Newshound Guru firefly Basnews has removed the exchange rate from their web site...interesting. CBI still hasen't updated their spreadsheet. So since Dec 31, the 3 boxes has been empty. Sometimes news sources DO jump the gun...IMO of course. I've seen it happen with my own eyes. ...Basnews is a Kurdistan news outlet which makes it very interesting...at least to me.
2-2-2017 Intel Guru Frank26 Once you have Mosul...you have security / stability...and the MR. 1 to 1? ...IMO...NOT ANY MORE! That 3.86 and 3.84 info came from somewhere...and IMO...Bas News did NOT lie. They claim that it was a “mistake” ...but IMO...I believe they were embarrassed. According to [Guru] Delta...Bas News It is a legitimate site. I don’t believe it was wrong. (Press leaks) These leaks seem to be a sign. Another other article said that 1 IQD was = .76 cents. Another article said that 50 IQD = $38 USD. Come on!!! BTW – both of these numbers came out of the Kurdistan region... from 2 different sources. You are witnessing history! Enjoy the journey! These are epic moments in the Middle East.
2-2-2017 Intel Guru ADMINBILL WHERE ARE WE TODAY? IN THE BEGINNING OF THE BEGINNING. MUCH OF WHAT NEEDS TO BE DONE IS HAPPENING IN WASHINGTON, DC. THAT DOES NOT MEAN THAT THE USA IS IN CHARGE. IT MEANS THAT OUR COUNTRY IS BEING SCRUTINIZED. WE ARE PASSING. I DO NOT THINK THERE IS A DELAY. REPORTS ARE COMING IN FROM VIETNAM ON AN OM CALL THAT THE RV OF THEIR CURRENCY [Dong] IS TO START BETWEEN THE 2/6-2/8. UNCONFIRMED AND NOT SOLID AS YET.
2-2-2017 Intel/Newshound Guru Mnt Goat According to the news media in Iraq - yesterday the order was given to begin advancements toward the western of Mosul (across the Tigris River). They are doing this in the hope this could accelerate the final resolution and liberation of Mosul. So this week we heard yet more news on what it takes to bring in foreign investors into the Iraqi “market” economy. It is nice to see them having these conversations. This will be the growing pains as the country progresses in the future... They need to put laws in place and to allow for freedom of capital flows to strike the needed balance. This is not something they can do or will do overnight. This will take years if not decades but we are seeing now even the point where investors are choosing to come into Iraq. We are seeing the progress. I believe they are at the point now that this sector may be stable enough now for the RV. Having a plan and constantly moving towards the target was needed.
2-2-2017 Newshound Guru loop Their actions over the last 18 months to reform their banking and financial sectors are indicating that they plan on moving to some degree of a market economy. The most encouraging thing about this, IMO, is that the tempo in which they are getting things done is increasing all the time...Which is a big indicator that this move will occur sooner rather than later.
2-2-2017 Intel Guru Frank26 I think that there has been some undisciplined people (MEDIA) in the Middle East...a few slip-ups in the media lately ...one that came out of Basra News...where they talked about 3.84 and 3.64...seriously! We called it the “perfect mistake” ...and another one came out on Tuesday... talking about raising 4 Million Dollars for some fund raising for some religious thing. They said something like 50 IQD was = to 38 USD’s. NO IT’S NOT! I believe there is a lot of “leakage” going on about the MR. The numbers...IMO... are not mistakes...they removed them...out of fear. IMO -- The CBI is allowing this. The perfect mistake IMO is nothing more than the jump of the gun. [See Guru wmawhite Post below]
2-2-2017 Newshound Guru wmawhite Article quote: “In 2016, the revenue for Hajj and Umrah was more than $5 million,” Naqshbandi said. “We collected more than $4 million from the people, who need to pay 50 IQD [about $38 USD] to fill in the application form. And we collected about $1 million from Umrah fees. With this, we had more than $5 million in revenue from these two elements, and have provided the revenues to the government.” Does something jump out at you from this piece of an article? to pay 50 IQD [about $38 USD] 38 IQD divided by $50 = $0.76. [I believe it is speaking of a 50,000 note.] you are probably correct...it still amazes me that an error of 50,000 can be made in the writing of this article. This article is Rudaw (out of Kurdistan). Normally very good with their reports and translations...
2-2-2017 Intel Guru Frank26 BasNews website... it is a legite site. ...I’m just curious…how did they get the number 3.64 and 3.84? Well, anybody that might accept that it was a mistake might be gullible...Because you don’t remove a mistake, you correct a mistake… [reference Guru tman23 post 1-29-2017, Guru loop post 1-31-2017 & Guru BGG post 1-30-2017]
2-1-2017 Newshound Guru MyLadies FOR THOSE OF YOU THAT ARE WONDERING HOW IRAQ WILL PAY FOR THIS OR PAY FOR THAT...THEY WILL PAY IN DOLLARS. THERE IS NO FINANCIAL PRESSURE ON THE CBI TO DO ANYTHING... NOW FOR THE FEBRUARY 4TH DATE OR THE NEW FEBRUARY 5TH DATE OR THE FEBRUARY 15 DATE AS SHOWING THAT THE DINAR WILL INCREASE...IT’S OK TO STOP WAITING NOW BECAUSE THE PRICE DID INCREASE ON THE 26TH. IT WENT FROM 1275 TO 1265. THE DINAR IS JUST FINE AS IT IS AND IRAQ IS SCREAMING THAT FROM THE ROOFTOPS. NOW AS FOR TRADING INTERNATIONALLY THAT IS A REALITY AND PROBABLY SOMETIME IN 2017 BUT FOLKS THEY WILL NOT TRADE WITH A NEW PRICE, THEY WILL SIMPLY REMOVE THE SUBSIDIZED PEG AND TRADE PEGGED TO A BASKET OF CURRENCIES BUT TO DO THAT THEY DO NOT NEED TO CHANGE THE PRICE, NOR CAN THEY AFFORD TO CHANGE THE PRICE ANYTIME SOON.
2-1-2017 Intel Guru Frank26 I told you that last Wednesday we feel that something happened at a specific time...It is on that Wednesday ...that the committee of Ministers, IMO, met with the CBI and they made some decisions on their MR family... They need to accept the National Settlement and...that includes the MR of their currency. The President of the National Alliance, al-Hakim was told, you’ve gotta do the National Settlement as we agreed in all these meetings. Any rejection of the National Settlement will lead Iraq’s return quickly into a trusteeship that we will govern and control or simply return you back into Chapter 7. [post 2 of 2]
2-1-2017 Intel Guru Frank26 IMO as of last Wednesday, there are numbers on screens that are important and it is because of the accomplishment of the SWIFT system and the IBAN system but they are not the true numbers yet. Why? Because there is an evolution of the Iraqi Dinar rate that is going on in country right now. There is a tremendous windfall coming into Iraq right now, and I think it will continue even heavier during the 72-78 days... IMO this change that has occurred after the 21st it was the front end and the back numbers that are now engaged. There is an intention to get to a cap rate. We believe that they have agreed on that time frame. And all because again, of the volume that is coming into this country right now. There is a swelling of an announcement IMO that is occurring right now about this topic...the nations that are bringing in a lot of volume into Iraq right now are heavily involved with Iraq. Not with the MR but indirectly because they are involved with their ER’s, their infrastructure, their rebuilding of it. [post 1 of 2....stay tuned]
2-1-20217 Intel Guru RayRen98 The announcement I was looking for through the weekend didn’t take place, but the action did, and that’s more important than the announcement. We’re still in an extremely good place...There is no question that an RV is on the way and already in effect; we’re just waiting to see when it is in effect for us, and I still believe that is very soon.
2-1-2017 Newshound Guru Adam Montana The "noise" going on right now, with newly elected President Trump, is almost deafening! I was curious at first about how this would affect us and the Dinar, but as we move into February I'm starting to like how it's working out. In spite of the overwhelming sound of the Main Stream Media grinding it's influence over the general public like a chef adding seasoning to a gourmet meal to influence it's flavor, Iraq and favorable entities to Iraq seem to be ignoring the hypnotic nonsense spewing out of the boob-tubes, and they continue to move in a forward direction and get things done. HCL: We are SO CLOSE to seeing this happen! While this is still in “speculation” mode, many that keep up with the situation (almost as if their finances depend on it…) will happily tell you that our “waiting” is almost over on this matter.
2-1-2017 Intel/Newshound Guru Mnt Goat "Urgent and defense and interior ministers sworn in lead And Abadi Tweet 01/30/17" Article quote: "The House voted today to give confidence to Aargi and Hayali with the voice not to consent to grant the office of the Ministry of Commerce to the candidate Inam al-Obeidi, and the granting of candidate Yusuf al-Asadi as Minister of Industry." Two of the three vacant ministers have been filled and this is exactly what we would expect to see. They will need a “fully functional govt in order to RV so Abadi has to come up with another candidate for the Ministry of Commerce. I also expect the HCL to pass soon.
2-1-2017 Intel Guru Frank26 Donald Trump is telling the United Nations if you don’t follow through on the National Alliance Agreement, in other words...all the reforms, the economic reforms (ER), the MR...remember the loans the IMF was going to give you… remember the investors pouring in to your country? Well...if you do not agree with the National Alliance Settlement, in other words, all the IMF meetings that we’ve had...you said you were going to raise the value, right? At the beginning of the year, right? Seriously? You’re not going to follow through with what we told you to do? Guess what?!? We’ll put Chapter 7 back on you. This is HUGE... [post 2 of 2]
2-1-2017 Intel Guru Frank26 Article: “Hakim Rejects the Settlement Under the International Trusteeship” Hakim are you serious? You’re considering to reject the National Alliance Settlement that we have signed together? Trump is not fooling around with Iraq and I really believe he is not going to allow them to continue to fool around with the laziness of the Monetary Reform (MR). Now granted, we are in control of the MR, we’ve told them to lift the value, we’ve told everything that they need to do...we’ve taken them every place that they need to be in the International theater. We are in control but it is their Sovereignty, it is their prerogative to take that control and push the button that lifts the value on their currency. [post 1 of 2....stay tuned]
2-1-2017 Intel Guru Bruce We are looking for a final announcement that states that fact and the liberation of Mosul. Hopefully...We might find it out tomorrow of the liberation of Mosul. That will allow the trigger to discuss the rest of what Iraq is doing in the international asset gold back currency. In Iraq, China made a gift of the Iraqi flag, which is 38 feet tall by 60 feet long. It has been flying steady in its location in a nice section of Mosul for days now. It is a good sign. CBI site has not shown a new rate on spread sheet for 30 days. Their law says it has to be posted on their sites no longer than 30 days. We are right there or should be there in a matter of day or two having that rate updated on their site, the CBI site. Realize that we are close. I am positive in terms of our timing and good shape for this to go through. We need to stay patient a little bit longer. [post 2 of 2]
2-1-2017 Intel Guru Bruce ...In Iraq, in the laws they have passed, their Qi cards that are charged and working all over the world at a rate in the $4 range. We know Dr Shabbi stated the Iraq dinar could support a rate of $16. We know there is a valuable rate going to be higher than we thought it would be. The last rate before...their economy was...crushed...$3.22. So we thought it should be at $3.22 or higher. We are happy Iraq has their sovereignty back, their currency back, able to open up and be tradable across the world. [post 1 of 2....stay tuned]
2-1-2017 Intel/Newshound Guru Mnt Goat ...this does not necessarily mean that the instant the war is over we get the RV. This statement could mean that over the next couple years along with the financial and economic reforms they plan to rebuild the economy and eventually get the dinar up to the past value. It is the economy that will drive the rate higher and higher but first they must somehow kick start it. Thus I firmly believe that the initial launching of these lower denoms [with around a 1:1 - IQD:USD] as this catalyst. For the economic Stability - we have been witnessing all the financial reforms, economic reforms, banking reforms and anti-corruption laws, the price of oil rise (thus more revenue) and so we know this part is ready and now in alignment. All the factors now seem to be coming into alignment once again like a solar eclipse... and this is our proof that the time is very near. [post 2 of 2]
2-1-2017 Intel/Newshound Guru Mnt Goat Article: "A government source revealed on Sunday, for the low monetary reserves of the Central Bank of Iraq to $ 45 billion, as a result of the deterioration of oil prices and the continuation of the "waste" of public money." First they told us the CBI reserves are safe in the near future, as they are stabilized due to the recent borrowing and other resources. I quote from the article above – “the government has stopped for the time being its reliance on central bank reserves, and began to take advantage of the state's resources and borrowing,” ...so now we know they no longer have a need to tap into the reserves as they are using other sources to make up the deficit going forward. But the best news is...I quote from the article above – “is expected to return to its former glory after the end of the war on Daesh” ...we must wait for the final announcement from PM Abadi that the war with Daesh is entirely over. This is when the war will be “officially” ended. But nonetheless it is still excellent news to hear it from the mouth of the CBI once again. [post 1 of 2....stay tuned]
1-31-2017 Intel Guru Dr. Clarke Iraq has not posted their NEW rate yet, including the Budget, because they've been WAITING. Waiting on the BEST timing, to let things move, which has been a combination of seeing what happens in the U.S., and how far they can advance against and within Mosul & in Syria. The more they advance, the quicker they can move the rate, at least UP A LITTLE BIT...they want to get the ball rolling out of the gate, somewhat slowly, and let it pick up lot of steam over the next few months...the Economy demands it...We're going to go ahead and tell you, that we see the month of MAY, as a VERY KEY MONTH... [post 3 of 3]
1-31-2017 Intel Guru Dr. Clarke The real wealth is in the ground, in primarily OIL, at least for the long foreseeable future...and it's been moving through the hands of crooks, for too many years, by the Trillions. The new administration is cleaning out the last remnants of what is remaining there, as quickly as possible (ISIS)...but the Public WILL NOT BE MADE AWARE OF THE PROGRESS on ANY PUBLIC NEWS MEDIA...It doesn't make any sense – You're NOT going to know any factual details AHEAD OF TIME". They want to be able to suddenly and publicly announce that especially Iraq, and probably before Syria...is ISIS free, cleared, safe, liberated etc., so that the world is put on OFFICIAL NOTICE, and Business - Financial Business, in Iraq can not only be JUSTIFIED, but THRIVE FULLY. This is a WORLDWIDE MESSAGE, not just for Iraq. Take Note: THIS IS CLOSER TO HAPPENING NOW, THAN YOU THINK. [post 2 of 3....stay tuned]
1-31-2017 Intel Guru Dr. Clarke We'll be able to tell you more, after February 12th. But for now, according to our view, there's a real possibility, and we say "possibility", that Iraq will implement a small rate increase between now and Feb. 5, and show it within the budget publicly. ...What's really uncertain, but KEY, is the progress particularly in Mosul - BECAUSE - read this closely...and we're NOT picking political sides, as we always state...the Trump administration is throwing everything they have at it, right at this moment ...to End it ASAP & in Syria, as well... BECAUSE, President Trump knows "where the money is at ". ...He has always known, that Iraq & the ME, is where the massive wealth is centered, especially with regard to the U.S. future. Not just the currency, which is but a very small part of the wealth. [post 1 of 3....stay tuned]
1-31-2017 Intel Guru Frank26 [ (Guru) DELTA POSTED THAT CBI HAS 30 DAYS THAT THEY HAVE TO POST EXCHANGE RATE ACCORDING TO THEIR CONSTITUTION.] IMO...Go by when they showed YOU...January 4th 2017.
1-31-2017 Newshound Guru loop Article: "BasNews Clarification on Exchange Rate Section 30 January 2017" "ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website. This section is under maintenance and the dysfunction will be fixed very soon. The exchange rate in Erbil according to local stock markets on January 30th is:
$100 = 128,000 IQD
€100 = 138,000 IQD
£100 = 160,000 IQD
1-31-2017 Newshound Guru mike Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." "Former Glory" would be 1166 or even 1184 at this point. Street rate is almost 10% less than face value. There are no shortcuts to monetary reform...unrealistic RV type rate, won't happen.
1-31-2017 Intel Guru RayRen98 Over the weekend we grew to 39 banks, three credit unions, and 5-6 dealers openly buying and selling dinar. We are still very much in this game. We haven’t taken any steps backward, although there was possibly a pause this weekend, and didn’t take the further steps that would allow me to lay out where we actually are in this game. I suspect information will come in over the next couple of hours, maybe, about what happened and where we are. I know we are somewhere near the end...It’s just a matter of time, so we wait.
1-31-2017 Intel/Newshound Guru tman23 USA to build 2nd largest embassy in world to be in Kurdistan...The largest in Baghdad...WHY 2 large embassies in one country? ...The embassy in Kurdistan...600 million usd... Kurdistan now has over 45 different country consulates...Why?
Read more: http://www.dinarguru.com/#ixzz4Y9pG1XQG
1-30-2017 Newshound Guru loop I wake up every morning with a smile, because of where we are at with regards to this investment. ...Has Alak retracted his statements regards the lower denoms coming out in early 2017... NO. What did the Director of the Middle East Office of the World Bank say last month? "one of the richest countries in the world on the face of the earth." and "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts." ... What did Dennis Flannery of Citibank in Iraq say one of his missions is? "is to reconnect the country to global financial markets from which it has been estranged" ... Who asked Frank Baker Great Britains Ambassador arrange an introduction to the Gov CBI? British Banking Interests. ...What did the IMF just say about Iraqs progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA." These are only a few of the news items that all point to some type of major financial event on the horizon.. I for one am very excited and encouraged by the news coming out of Iraq.
1-30-2017 Newshound Guru loop [What do you think about the Iraqi Thinking about not allowing any americans into there country. Because of trumps policy of not allowing people into the US.] They will change the rate when it is in their best interest to do so. No matter what is going on over in the US.
1-30-2017 Newshound Guru Kaperoni Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." Don't get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as "former glory" next year or the year after as the dinar appreciates gradually.
1-30-2017 Newshound/Intel Guru BGG Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." [...does anyone know how long Mosul will be free?] They are working on it now. ... IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
1-30-2017 Newshound Guru Aggiedad77 I am of the opinion that something big is coming... Abadi appears to be undisturbed by the actions of Trump and is ok with just waiting...he knows I think more than he is allowing out... ...more is coming to the reserve...it's going to grow fat again...who remembers what it was before ISIS struck...somewhere north of $80 billion...it appears headed there again or maybe bigger...the BEST is yet to come.
1-30-2017 Newshound Guru wmawhite Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. ...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD...it determines its value.
1-30-2017 Intel/Newshound Guru tman23 [Is Basnews a credible and reliable site?] Basnews has been around for YEARS...It is one of the most reliable reporting in Iraq...The server is located in San Francisco...The news editing had been done over the past 2 months out of England...There had been strange events to this during that time... The new website format came up in the middle of the day...Saturday...an observer of the rate would deem it a mistake...BUT...I will say this...That part of the site is not manually entered, it is a direct link to another site that does currency rates...just like the weather on the site, nobody manually enters 9 celcius today and cloudy...
1-30-2017 Newshound Guru Kaperoni Article: "Fatlawi directed questions verbally to the Governor of the Central Bank" Quote: "He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar." Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions...which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.
1-30-2017 Newshound Guru wmawhite [What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?] When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing. Iraq will make the necessary changes when they are ready. My point is this...all of these concerns have zero effect upon this investment...and why? Because this investment is not about a country's immigration policy. Instead, it is about the value of a country's currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.
1-30-2017 Intel Guru Delta BasNews is an independent and multilingual news agency based in Erbil, the capital of the Kurdistan Region of Iraq. [...do you think this is for real or a misprint...?] I HAVE A Q FOR YOU: WHY news agency based in Erbil, the capital of the Kurdistan Region of Iraq show another currency?
1-30-2017 Newshound Guru Breitling ...they don’t need to be in the beginning of the year to change the value of their currency. It would probably be the most efficient if they did something at the beginning of the year but that’s never been an issue. They can just move the decimal over anytime they want. They can move the decimal over on their currency or they can move the decimal over on the books. They are reducing the note count in order to do that.
1-30-2017 Intel/Newshound Guru tman23 Lets just say this...WE the USA just put a ban on ME travel Visa's... The POTUS just spoke with 5 world leaders today...AND he had the PM from England Friday... AND WE ARE AT THE END OF JANUARY... SO THINGS ARE MOVING FAST...AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS...SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
1-30-2017 Intel Guru ADMINBILL [...are we going to the bank today?] NOT TODAY...I AM THINKING TOMORROW IT WILL START...AND MOVE THROUGH THE WEEK. [Are your sources credible?] I BELIEVE THEY ARE. I CERTAINLY HOPE SO.
1-30-2017 Newshound/Intel Guru BGG [Any idea on Basnews this morning?] They've (BASNews) already said - it's a mistake... [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-30-22017 Newshound Guru wmawhite [Letter from BasNews Agency:] Dear White, I would like to firstly thank you for following BasNews. As you may have notices, Our new Website was launched on 27th January and the section showing currency exchange rates into IQD may sometimes fail to function accurately. We are working and will fix it very soon. Here I send you the exchange rate in Erbil according to the local stock markets this evening: $1 = 1284 Iraqi Dinar €1 = 1360 Iraqi Dinar... Regards, Sardar Sattar...BasNews Agency. [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-29-2017 Intel Guru Dr. Clarke This is a VERY BIG WEEK ahead. Enjoy it! Ignore ALL the printed News Articles coming out of the ME, especially out of Iraq, and especially with regard to anything that pertains to Money, Military, Politics and Trade. IGNORE IT! ...Again, this is a VERY BIG WEEK...but what happens as February unfolds, and by the end of February...will look like a "World you've Never Seen before". EVER. ...and we believe, that you will have more money in your pocket...and there's much more.
1-29-2017 Newshound Guru wmawhite [when kuwait revalued back in the day, it came in at I think $6.] Kuwait never revalued back in the day...let me give you the true story. ...keep in mind that Iraq invaded Kuwait in August 1990. The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar by Saddam Hussein. Seven (7) months later, February 28, 1991, the Iraqi forces are kicked out of Kuwait and the war has ended. Only twenty six (26) days later, March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50...the key here is twenty six (26) days. If any Kuwaitis still held the old Kuwaiti Dinar it would be accepted at one new KWD for one old KWD rate. 26 days after the end of fight...no $6.00 or $9.00. Just reinstated their old value. And by the way...the oil fields were still burning, kuwait had no economy...no free market economy, but they sure enough did what they wanted to do...article 8 or no article 8!
1-29-2017 Intel Guru RayRen98 It is being reported to me that Iraq TV is broadcasting that Iraq and the US have signed an agreement to fund the economic reforms!
1-29-2017 Newshound Guru mike Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" Quote: "Therefore, it provides the launch of economic reform fund opportunity to accelerate government reform plan." Great article...Currency reform, economic and banking laws are all needed to facilitate this move, hopefully it's sooner rather than later.
1-29-2017 Intel/Newshound Guru tman23 Did you know Basnews (Kurdistan) updated their website today...A new look! Did you know the server for them is in San Francisco... Basnews is 99.9% accurate...most reliable reporting in Iraq and Kurdistan... Did you know Basnews shows the currency exchange in the right hand corner... [...are those rates in the top corner for the iqd?] Have no idea other than it posting Dollar 3.648...And they just put that up early today...New page. In the past page it was $1 usd to 00086... It is strange that the amount posted is darn close to what we had been hearing...which was 3.72 chatter in Kurdistan. ...we can come to all kinds of conclusions... Best one is to wait and see...
1-29-2017 Intel Guru ADMINBILL [I had heard some very positive news earlier today even some that rates are showing up in various places, but that in Iraq its being said there will now be delays in the RV do to Trumps ban, have you heard anything?] NO DELAYS...THE RV/GCR WILL GO A LONG WAY TO MEND FENCES.
1-29-2017 Intel/Newshound Guru tman23 Article: "Keywords: central bank contributed to cross the most difficult years in the past two years" Quote: "giving it a function to STABILIZE the exchange rate"...pump money to prevent devaluation...the central bank resorted to the method of supporting the general budget through the purchase of treasury transfers..." THIS SUPPORT LOWERS THE CBI RESERVES...THE ROB PETER TO PAY PAUL ALWAYS HITS A BRICK WALL UNLESS YOU TURN IN A DIFFERENT DIRECTION...THE CBI AND GOI ARE CLOSE TO THE WALL...AND CANNOT AFFORD TO JUST TALK ABOUT A FUTURE MARKET ECONOMY.
1-29-2017 Newshound Guru wmawhite Keep in mind, the change in value of the IQD is just another step of many, many steps with the "project"...the "delete of zero project"...and there will never be an announcement before hand concerning the change in value. However, as...articles point out, the CBI will make projections as to the possible need for a change in the currency, i.e. size of notes. IMO...these projections/forecasts concerning the future need of the 50, 100 and 200 IQD notes tells me that the CBI believes there will be a change within the marketplace that will make those notes useful. And what will change the marketplace? What will change the prices within the marketplace? Answer: a change in the value of the currency that is importing those goods within the marketplace.
1-29-2017 Newshound Guru Breitling …every major corporation has already set up shop in Iraq. They’re just waiting for the right moment. They’re waiting for the Iraqi people to be able to afford their products. They believe in the principle that I believe in that you get into a market before it starts not after it starts. So they are already there. I promise you they are already there...supply times velocity or the business in Iraq will go up and Iraq has already set and triggered their currency to a place to do that. You guys know those numbers. It’s that simple.
1-29-2017 Intel/Newshound Guru Backdoc Article: "Federal Reserve Issues Progress Report on Efforts to Improve the U.S. Payment System" Quote: "The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system." THE FEDERAL RESERVE IS TELLING US ABOUT THE STATUS OF THE NEW PAYMENT SYSTEM THAT WILL BE USED IN THE NEW REALITY! WE ALL KNOW THAT BASEL 3 REQUIREMENTS REQUIRE ASSETS TO BACK EVERY COUNTRY'S CURRENCY. WITH THAT IN MIND REALIZE THIS EXPLANATION IS THE PREPARATION FOR THE NEW DIGITAL DOLLAR WHICH IRAQ HAS BEEN SO IMPATIENTLY WAITING FOR! REMEMBER, THEY WANT TO GET RID OF THE OLD DOLLAR COIN! THIS CLEARLY TELLS US THAT THE COMPLETE BUILD OUT FOR THE NEW DIGITAL DOLLAR PLATFORM IS NOW CLEARLY IN PLACE! GREATER SPEED, EFFICIENCY, AND SECURITY IS NOW IN PLACE!
1-28-2017 Intel Guru ADMINBILL IMO the RV/GCR should happen almost simultaneously. No double dipping will be allowed.
1-28-2017 Intel/Newshound Guru Mnt Goat Article quote: "the oil file in Iraq including the Kurdistan region Pat involves a high risk of misuse and its monopoly by the views of certain parties, so the lack of enactment of the oil and gas law in accordance with the directions and frameworks and national real guarantee that this natural wealth in the service of citizens will not lead to a bad future and make this wealth a curse for the people." ...can it get any clearer that they need national oil and gas law legislation HCL? Almost 90% of the national wealth is from oil revenue. Sure they are working on other sources of revenue too but these other efforts will take years. Especially with ISIS and now Iranian militias creeping at their doors again. This article is just yet another indication of the importance of this law. They will not pop the RV without having this in place to secure their wealth.
1-28-2017 Intel Guru ADMINBILL MY INFORMATION TODAY PLACES US IN A WINDOW THAT STARTS THIS WEEKEND WITH A STRONG START POSSIBILITY OF TUESDAY...AND MOVE TO THE RV/GCR THE END OF THE WEEK INTO THE FOLLOWING WEEK.
1-28-2017 Intel/Newshound Guru BGG [You were speculating that the reason why we haven't seen any updates on the CBI site is due to the economic reforms...?] yes I do think - on some level, that is the explanation. Currency reform - some stage...
1-28-2017 Newshound Guru MadDScout [Any chance of an RV before Feb?] I would say this close to Feb prolly not. But only they know what will put the last peg in the hole. We are watching the result now of actions they are actively taking for the reform process. When Alak said the delete the zeros was on hold he did say all measure would be taken so that at the right time they could move into the program (the parts on hold)...They are not in "wait" mode. Alak is seeking stability.
1-27-2017 Newshound Guru Kaperoni Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...old SFA [Strategic Framework Agreement] articles...were clear that freedom of movement of capital was critical to the success of the agreement. Let's hope this is a good sign of whats to come.
1-27-2017 Newshound Guru Aggiedad77 Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...this article...IMHO...speaks volumes without coming out and saying so much at all...cooperation where there was none...without it saying so to me it talks of a certain trip that was made but was unheard of...now we see files being shared...plans being made...signatures... activation of agreements...mechanisms being implemented...my word...more work has been done of late than in the last...well you figure that out...the BEST is coming.
1-27-2017 Newshound Guru mike Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" I like the tone of this article, but when I look at where Iraq is holistically, it's just more of the same rhetoric we've heard before. The first sentence says it all: "the initiative to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs." Iraq is borrowing money, in order for lenders to feel confident, they have to know, or at least believe, that Iraq has a plan to enable their ability to repay it. They're hoping the chatter will remove doubts and fears about repayment. It's not enough, they need to actually pass the laws and implement the changes that they "talk" about in committee. My sincerest hopes are that this isn't like the hundreds of other articles that the GOI put out that talk about change and progress, the time for actual implementation has been passed a long time ago. Your move Abadi...
1-27-2017 Intel Guru RayRen98 37 banking institutions have now been reported to us from the field that are now actively buying and selling Iraqi dinar. I think that number will change dramatically in the coming days – plus three credit unions and 5-6 exchange companies. We had a member who shared that $100 was wired to a person in Iraq a few days ago...that person received 129 IQD...it was to Rafi Bank in Baghdad. I know some things that I am hearing...I do believe them because of the sources I hear them from...they have been pretty much on the money. Dates may be off because they don’t control it, they just report...I can tell you that if everything stays on track, this is my last Friday – if everything goes according to design. I feel like this is upon us. The rate is going to be very decent/attractive...
1-27-2017 Newshound Guru Kaperoni Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" This looks like a pretty big deal...The CBI is meeting..."to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs."
1-27-2017 Intel/Newshound Guru BGG CBI still hasn't updated the indicative rates (since 1/4/17) on the CBI - something is going on. What that change means? Hard to say...but the flip side is - to say it means nothing is a little arrogant. [its never been this long before...] Shoot - never been more than several days.
1-27-2017 Intel/Newshound Guru Mnt Goat Article: "Rafidain Bank opens new branch in southern Iraq" Why is this article so important? It shows us the banks are expanding and not contracting. As money is beginning to flow this is exactly what we would expect. This is a good sign the Iraqi economy is beginning to move in the right direction.
1-27-2017 Intel Guru Bruce I really don’t know anything specifically different about rates. I just know the rates are all great. We know...about the Qi cards being international with a rate of $4.84 spendable on those cards all over the world. I am looking for Abadi talking about the take back of Mosul and talk about the Sovereignty of Iraq in the fact they have a tradable currency with world markets and ready for business. He may not talk about the currency per say. I am excited where we are. We are getting very close the end of the ride. I am hearing by way of text very positive things that are pointing to tomorrow [Friday] and into the weekend.
1-26-2017 Intel/Newshound Guru Mnt Goat My personal belief is NO it does not have to be completed but there will have to be some kind of agreement to guarantee the payments to Kuwait either in a lump sum or installments over time. So in recent past weeks we witnessed many meetings with Kuwait. Why now? Why all of a sudden do they need to get so serious about re-negotiating the payment of this debt? We also know that they are supposed to have a “fully” implemented Iraqi constitution. What does this mean? It means that Article 140, HCL, the Federation Council, fully seated government (still using 3 proxy ministers in Abadi's cabinet. These ministers must be seated and ratified). Also there are other needed laws to keep the economy on track and allow foreign investors to enter and operate in Iraq’s markets. They have told us this group of 50+ laws but they listed 6 of the laws as high priority. Why? [post 2 of 2]
1-26-2017 Intel/Newshound Guru Mnt Goat Iraqi officials on Monday announced that the eastern side of the northern Iraqi city has been taken from Islamic State, after nearly 100 days of fighting. Rafidain and Rasheed Banks are moving forward as they expand their banking availability and capabilities throughout Iraq. This news is exactly what we want and expect to see in a growing economy. Its all very good! But we are not out of the doghouse yet as they are still operating under a “closed” economy and can not freely trade with the outside world with dinars as they are still technically under Chapter VII sanctions. We know there is still yet one hurdle to overcome in getting “fully” out of sanctions. This obstacle is to complete the war reparations to Kuwait. Does this have to happen to get the RV? [post 1 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 I talked with [Guru] Delta. He is excited...to him it all makes sense in the MOOKLA of 2017...but still no rate on the CBI website. Now over 25 days. Delta finds it interesting that the GOI is saying that they are NOT going to pay any salaries this week...instead they will pay them next week to protect the CBI reserves. That is a first! That is powerful. According to our calculations...start to watch tomorrow... Check out the CBI website...check out the international markets...you know ...the ones that stay open 24/7. Check out FOREX. Start paying attention to your investment...starting tomorrow [Thursday]. ...all of this...is IMO. [post 3 of 3]
1-26-2017 Intel Guru Frank26 IMO – maybe you should start tonight [Wednesday]...to look for movements of large capital. May I suggest...with sincerely...hang around FOREX. Look for the evidence of what they told you they wanted to do at the MOOKLA of 2017. I believe that there has been a switch that has been turned on for the monetary reform. You are about to be put into the light. I don’t know when...I don’t know the rate...but they have told us they want to come out at 1 to 1. [post 2 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 There have been a lot of meetings. IMO... these have been very, very successful. Ever since the first part of December... the meetings have evolved...now formed a SOLID monetary reform for the IQD...evolved...to a point of satisfaction for all sides. We’re not at the beginning of the book. We’re not at chapter 1. No. We’re looking at the last sentence of the last page of the last chapter. IMO...TODAY would be a good day...to put a PERIOD (.) at that last page...that last sentence of the last paragraph. If it is...then they have turned on the switch for the monetary reform. [post 1 of 3....stay tuned]
1-26-2017 Intel Guru ADMINBILL THERE CONTINUES TO BE ACTIVITY WHICH WILL HOPEFULLY TRANSLATE TO OUR END GOAL VERY SOON. I AM ANTICIPATING ACTION VERY SOON.
1-26-2017 Newshound Guru Kaperoni Article: "Parliament calls for financial follow-up funds allocated through auction currency imports" Quote: "Float the currency and pointed to the possibility of the application of the currency was floated , such as what happened in Egypt and leave the supply and demand of the process is controlled by the exchange rate and the possibility that service to the economy of the country..." Sounds like Dr. Magda Tamimi is pushing to get off the peg and float the dinar.
1-26-2017 Newshound Guru Islandg1211 It would appear that Jan 1 wasn't realistic, three more months is a bit optimistic, and, IMO, six more months looks spot on. For these reasons, I'm expecting an RV mid-summer at the high range of the appraisal, just over the USD... perhaps $1.10-$1.13 would be reasonable. After the Dinar is on Forex, the country itself is using it, and the massive imports needed for re-construction, the demand of the Dinar will increase its exchange rate pushing it back up closer to Kuwait's in the couple of years following the RV. [post 2 of 2]
1-26-2017 Newshound Guru Islandg1211 Allak and Shabibi both stated that they need security and stability, so that's the date. It's very reasonable to assume that the RV needs ISIS gone and a deal with the Kurds, that's security and stability. Allak is saying exactly that, he is waiting for security from ISIS and also political stability. So, we don't need to look for the RV before both of those things happen. Both events will be public. We will all see the celebration of the defeat of ISIS, and the Kurds making a deal with Baghdad. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru Adam Montana [Do you think that there is enough dinar in America pre RV continuing to post RV to make a difference in our economy?] It all comes back to the fact that we are dealing with a fiat currency, where debt and wealth can be created with a click of a mouse. The amount of physical currency, dinar or USD or any other, has no bearing on what can or cannot happen with the exchange rates.
1-25-2017 Intel Guru RayRen98 ...things are looking as good as they can possibly look! In the US, the biggest feather in our cap is the public acceptance of the dinar. Sure there are only small number of banks compared to all the banks in the US, but the fact that 33 banks are dealing publicly with the dinar is a great step forward... We know what our destiny is about to look like, we just don’t know when. Yes, it could happen any day.
1-25-2017 Newshound Guru Adam Montana ...I just shake my head at these...lopsters who ignore the fact that the Dinar is a fiat currency, and the value is not based on M2 or M3 or the GDP or the price of tea in China... it's based on investors FAITH in the country. It’s based on how people FEEL. The fact that we are talking about a FIAT currency, something that has no intrinsic value, takes all the rest of the cards out of play. The Iraqi Dinar is worth whatever people want it to be worth…and when TPB decide they are going to raise the value, there’s going to be a LOT of support for that move! We are in a great spot right now. Can I get a “GO RV!!
1-25-2017 Newshound Guru MadDScout Article: "Rasheed Bank in line with an international company of the Comprehensive Banking System Requirements" More banking reform being implemented...Laws being applied evenly...Upgrading the technology and moving into "international" requirements...
1-25-2017 Newshound Guru Adam Montana Things are heating up, and it's starting to show! The DOW just hit 20,000... There is pretty much nothing holding HCL back...Maliki was a thorn in our side. We can ignore him now. [HCL the final hurdle or others to consider..?] The thing is - everything is tied to the HCL. SO MUCH is going to happen all at once when the HCL is done, it's really the "all encompassing" factor.
1-25-2017 Intel Guru Frank26 Hey CBI...another question...wasn’t it Kuwait that recently came to Iraq...signed some documents and quickly took off...then bragged that they signed some deals for about $1.26? Kuwait has a tendency to expose themselves. I don’t know what the rate is inside of Iraq...but in my opinion...it’s jumping all over the place. But...to go INTERNATIONAL with a program rate...they know that won’t work... The program rate...is still being left out of the CBI website...which means they can post a rate anytime they want...we know they will FLOAT THE IQD once they eliminate the 3 zeros. [post 2 of 2]
1-25-2017 Intel Guru Frank26 Didn’t we already suggest that it could be 1 to 1? They are slowly growing to the 1 to 1. Is that why there is no exchange rate...anywhere on the CBI website to be found? Hey CBI...wasn’t it about 4 years ago that Kuwait...on their bank spreadsheet... showed for about 48 hours...showed a rate for the IQD at 35 cents...and remember when everyone got excited and they called the CBI...and the CBI had to deny it? And then about 48 hours later, Kuwait removed the rate. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru loop Article: "High degree of optimism about Iraq's credit rating" Quote: "The rating agency Standard & Poor's, the largest credit rating agencies in the world, has recently proven its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook." the (S & P) pointed out that Iraq possesses huge reserves and has substantial oil exports, thereby reducing the concerns in this area. ...ASK YOURSELVES THIS...WHAT HAS CHANGED? IF...ALL THIS NEWS DOES NOT MAKE YOUR SMILE THEN YOU NEED TO REREAD THE NEWS FOR THE LAST 4 MONTHS.
1-25-2017 Newshound Guru Kaperoni Article: "Dollar drops to 1274 dinars in foreign exchange markets in Iraq" 1,282 is the rate reported by the CBI. [CBI updated the market rate today to 1270--See Dinar Guru Resource bar on the left for Official CBI Dinar Rate and Market Rate]
1-25-2017 Intel Guru Bruce Concerning Iraq, just when we think everything is done with Iraq, we found there were 4 more laws to be passed this morning [Tuesday]. One of those laws was the National banking law. The law the rate would be held in. ...At 10am Iraq time this morning, this occurred and...all 4 laws were passed. ...those need to show up in the Gazette to make it official. My understanding is the rate is in the law and the budget. Both the budget and the rate will be visible very shortly. I am hearing everything is done now...In the way of true Intel right now as it stands, we are at a precipice of this going any day...it looks like everything I have heard and more recently in a text, we should be there before Saturday or even Friday. We are in a great position for this week. [post 2 of 2]
1-25-2017 Intel Guru Bruce ...Iraq has had a new rate in back of their screens in our banks since January 2? Today I understand, they have a debit card, Qi card, for the Iraq people, and globally wherever this card is held, today the rate is $4.64. That is a new rate. What is interesting is it appears to be a rate that might be available today and used around the world today. I think there is a greater rate coming. The first part of that rate, the $4, should increase quite a bit with a change of rate by the CBI. [post 1 of 2....stay tuned]
1-24-2017 Intel/Newshound Guru Mnt Goat Quote: "Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are the bottom, including Iraq, Lebanon and the countries of the list." What they are telling us is the Iraqi dinar deserves a much higher ranking among the GCC countries but where is it today? Compared to the other countries Iraq will very soon rise out the ISIS crisis. How will this happen? We all know and its coming soon. This is the point of the article.
1-24-2017 Newshound Guru wmawhite Article: "Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system" This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
1-24-2017 Intel Guru ADMINBILL WE ARE APPROACHING GOOD TIMES ... PERHAPS AS EARLY AS LATER IN THE WEEK BUT SURELY IMO NEXT WEEK.
1-24-2017 Newshound Guru wmawhite [...I dont believe that a RV will change the corruption in Iraq.] You are correct...and why is that? Answer: because the IQD will NOT change in value within Iraq. Corrupt people will continue to look for ways to benefit off of other people's hard work.
1-24-2017 Newshound/Intel Guru BGG [...any idea why the date on the CBI site has been frozen at "Indicative rates - 04.01.2017"?] I have offered my opinion - it has something to do with the recent changes in how they do things within their banking system (going on right now) - and while odd, may have nothing to do with a change in value. I did not say - "nothing to do with currency reform" - because, if it has anything to do with the recent shake-up in their banking structure - then obviously, it has something to do with "currency reform".
1-24-2017 Intel Guru Frank26 We should be seeing very soon...at least this month, walking into next is the release of Chapter VII in an official manner...so that the budget...so that auctions...can be defined a little better. Where is the budget? In the Gazette. Shouldn’t it be open and implemented right now? No. Why? Because it has a program rate. So why don’t they use it? Because they are waiting to change their rate. ...any time after the 20th (time frame) until the end of the 1st quarter (Friday, March 31st)...From the 20th until the 31st of March...this thing is loaded for bear!
1-24-2017 Intel Guru Frank26 I believe that the MCP, the MOI, the MOU, the LOI’s are no longer necessary. You know why? Because we are beyond the Monetary Reform. What I believe is that right now...Iraq is going through a phase ...entering their NATURAL POSITION in the INTERNATIONAL world. Everything you are seeing right now has to happen with URGENCY! There are spots in Iraq that are fighting against the program rate. Some are very well aware about what is going to happen with their currency. Iraq is driven by money...and at this point...I believe that they are maximizing their investment...their currency.
1-24-2017 Intel Guru Frank26 We told you many times...Mosul is NOT part of the monetary reform...but Mosul is a requirement for it – in the sense of security / stability. You have seen some dramatic events to that fact (regarding Mosul) in the last 72 hours. Did we not say that once we have Mosul, very quickly you’ll have the MR? – and I still stand by that. Now, last week they told us they have liberated Mosul. Turns out they were talking about liberation of certain pocket areas but not all of Mosul yet. Let us agree that Mosul is NOT fully liberated yet...but very, very, very close.
1-24-2017 Newshound Guru Mnt Goat Article quote: "Iraqi army and coalition forces prepare to expand their offensive against the Sunni militants into west Mosul." ...sounds like this week that are going to begin the offensive battle in the western section of the Mosul region...As I write this news letter I was just informed the northern section of Mosul is not liberated. Let’s wait and see what they tell us in the news. Remember we wait for the pm Abadi to make a formal announcement of the total liberation of Mosul. This is our queue that the CBI might launch those lower denoms and get this process rolling. This could literally happen in the next week or less.
1-24-2017 Intel Guru ADMINBILL IF YOU CALLED THE AMERICAN EMBASSY DO YOU BELIEVE THEY WOULD RELEASE A DISPATCH THAT WAS MEANT TO BE PRIVATE TO YOU? I THINK NOT. AN IRAQI CITIZEN CAN CALL THEIR EMBASSY ANY TIME THEY WISH. THAT DOES NOT MEAN THEY WILL BE GIVEN ACCURATE INFO ANY MORE THAT WE WOULD GET FROM OUR OWN. IT IS STILL MY UNDERSTANDING WE ARE IN A VERY GOOD POSITION THIS WEEK. I DO NOT WANT TO GIVE A TIME FRAME...IT SHOULD BE SOON. [post 2 of 2]
1-24-2017 Intel Guru ADMINBILL I...RECEIVED A PM FROM ONE OF OUR MEMBERS WHO SAID "From asking my Iraq friends here in town about the memo that have been sent to the embassies about raising the value of the dinar, 4 embassies been called and that turned to be not true, no memo were sent..." [reference ADMINBILL post 1-21-2017] IT IS IMPORTANT THAT WE PAY ATTENTION TO ALL INFORMATION WHETHER IT IS GOOD, BAD OR INDIFFERENT. I AM AWARE OF THE SOURCES I RECEIVE MY INFO FROM AND I AM CONFIDENT OF IT'S ACCURACY HOWEVER I WILL NOT DISCOUNT THOSE THAT GIVE ME INFORMATION. I SEE NO REASON TO BELIEVE THIS NOT TRUE. ...IT WAS REPORTED AND THE SHARED WITH YOU AS INFORMATION TO DIGEST. [post 1 of 2....stay tuned]
1-23-2017 Newshound Guru jaxjags To me, the CBI would never make it known that those notes would have a place in the market place unless they believe the "market conditions" will change in the near future. Again, IMO, we are close to seeing an aggressive move on the part of the CBI to let the IQD find its true value...whatever that may be. [post 2 of 2]
1-23-2017 Newshound Guru jaxjags [new Guru] Concerning the appreciation of the IQD, I have no idea exactly how it will appreciate. However, I believe the CBI will be aggressive in its pursuit. The CBI stated in numerous articles starting back in November 2016 that the 50, 100 and 200 IQD notes would appear in early 2017. Of course, that is a forecast of "need" concerning those notes, NOT a forecast of "value" of the currency. [post 1 of 2....stay tuned]
1-23-2017 Intel Guru RayRen98 We are getting blow-by-blow updates about Mosul; we understand that eastern Mosul has celebrations, with northern Mosul tagged to be completed by yesterday. There was a large offensive in western Mosul, too. The updates say that Mosul is already celebrating, although the northern and western areas are not completely liberated. On Iraqi television, they are telling citizens that any minute now they will have Mosul completely liberated. There are now 27 banks actively dealing in dinar, for those who say this is a scam. You already know about the Iraqi embassies being notified for a currency value change, we just don’t know when. This could very well be The Week, although certain things still need to be made public. But it’s looking good, sounding good, and I’m feeling good about where we are.
1-23-2017 Newshound Guru Breitling …Never has there been 50 Trillion dinar in circulation…this is not an opinion... The market responds to how these people [Sunni, Shia Kurds] treat each other. I understand that. But they are going to add value to their currency anyways. That is one of the tools they want to use to try to bring everyone together…to accomplish that hey have to establish a financial base so people don’t get desperate and make these proxy wars. Hopefully. That’s what they’re thinking. The Sunni and Shia are not in competition where one wants to add value to the currency and the other one doesn’t. Or even the Kurds. They all want value to be added….when it comes to currency and the markets…there is no differences of opinion about that. They just argue about who gets to rule what. Iraq is a fantastic opportunity. That has not changed. Every trend in the market…on how a currency goes up, Iraq is doing it…zero hype.
1-23-2017 Newshound/Intel Guru BGG [Anyone have any idea why the CBI hasn't updated their exchange rates on the web site since the 4th? Seems kinda odd.] …no one has any idea. Longest stretch in the last 5 years they have not updated.
1-23-2017 Newshound Guru wmawhite Article: “Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement.” Quote: “According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are bottom, including Iraq…" …the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. Folks,...ask yourself why does this particular short article appear in an on-line business publication that out of all of what is happening in the ME it points out this?
1-22-2017 Newshound/Intel Guru BGG …When there is a value change - we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said. …we are really close... they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won't go to Iraq if they have to hand their business over to an Iraqi. We should be very encouraged. The factual info is plenty encouraging.
1-22-2017 Newshound Guru loop Article: “International Monetary showing satisfaction of Iraq's efforts to meet the credit requirements of the program” Quote: "…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program," adding "it is going according to timings marked in the program," according to the statement...it is going according to timings marked in the program...The IMF is satisfied with the progress of the SBA! BOOM.
1-22-2017 Intel/Newshound Guru Backdoc THE MR (monetary reform) FOR IRAQ IS NOW A THING OF THE PAST SINCE THEY HAVE DONE EVERYTHING THE IMF HAS ASKED OF THEM. EVEN IRAQ SITS QUIETLY IN THE GLOBAL ROOM, AWAITING A SECOND REVIEW OF THEIR STATUS WITH THE IMF IN MARCH! IRAQ WENT FROM HAVING PREVIOUS BUDGETS IN DOLLARS TO NOW HAVING A BUDGET IN DINARS, YIPPIE! EVIDENCE CLEARLY INDICATES THEY ARE TRULY INTERNATIONAL. THE RECENT INTERNATIONAL SALES OF EURO BONDS ADD TO THIS FACT. WE KNOW THAT ONCE THEY ADMIT THEIR EXCHANGE RATE IT MUST BE AT LEAST 1 TO 1 TO BE IN COMPLIANCE WITH THE PARIS CLUB AGREEMENT. THEY COULD COME OUT WITH A MANAGED FLOAT, OR THEY COULD COME OUT WITH A FREE FLOAT AND EVENTUALLY LOCK IN A MANAGED FLOAT.
1-22-2017 Newshound Guru loop Article: “Finance issued government bonds secured one billion dollars” Quote: "foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds." The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED! So what's changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!
1-22-2017 Intel Guru Bluwolf All things pending that pertain to what me and you have been waiting for are now in fast track believe it or not.
1-22-2017 Newshound Guru loop Article “Iraq Stock Exchange recorded an increase the value and number of shares during the past week” Quote: "There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted." The ISX had a good week last week. Week over Week increase in trade volume by 129.85%...Week over week increase in share value 154.78%. WOW. Wonder what sparked the sudden activity?
1-22-2017 Intel Guru Frank26 [If the CBI website (arabic side ) is still not showing a rate, how long can that continue? I am wondering what requirements, if any, there are for reporting the exchange rates at a given interval?] Yes… It's called an RV…
1-22-2017 Newshound Guru 1bobby Article: “Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.” These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis. Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is...reducing note count, adding liquidity to the banks.
1-22-2017 Intel/Newshound Guru Mnt Goat I can hardly believe all that I am seeing happening with these Iraqi economic and financial reforms. It is all so amazing and I fully believe Iraq is now on a FAST TRACK.
1-21-2017 Newshound Guru loop ‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
1-21-2017 Newshound Guru mike Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Context is important: "the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true," adding that "Msatralih dinar fully and that in progress." What he's trying to do is convince the critics that the dinar isn't at risk or in decline, his response to that criticism is that there are plans in place to strengthen the dinar, at the minimum, the dinar's MCP should be within 2%, not the 9% that it currently is today.
1-21-2017 Newshound Guru Breitling …There are 3 windows Iraq has been talking about. There are no specific dates or months. They’re simply watching the markets. There’s also reaction on how they are handling ISIS. Having said that, they have a plan if the civil war between the Sunni and the Shia continues…they are going to add value to the currency, so they have ways to get around that. In 2017 they specifically talked about 2 opportunities to raise the value of their currency. At what speed, at what point, at what time? They never really said. I simply don’t know but I do know windows are coming up. We passed one…that was back in November and that was based on how they were watching the markets…that point passed. If these two windows in 2017 are missed they are going to revalue anyways so it really doesn’t matter…I don’t know the exact dates I really don’t. If I was to calculate, probably the end of spring…That’s a guess and I rarely do that and that’s pushing it, it truly is. That does not mean they can’t revalue tomorrow by the way.
1-21-2017 Intel Guru ADMINBILL UNCONFIRMED INFO FROM ACROSS THE POND FROM EARLIER TODAY: BAGDAD SENT NOTICES TO ALL THEIR EMBASSY'S YESTERDAY THAT THERE WILL BE AN ADJUSTMENT OF THEIR CURRENCY VALUE. IT IS SIMPLY A MATTER OF WHEN. WE HAVE A FAIR TO GOOD SHOT AT THIS WEEKEND OR THE COMING WEEK.
1-20-2017 Newshound/Intel Guru BGG Kuwaiti Dinar is still considered a thinly traded "exotic"...Iraq is almost certain to land in this category... no biggie - it's alot like you're all sitting on a penny stock about to get listed on the big board - no matter where it goes, it's gonna' be good.
1-20-2017 Intel Guru Frank26 […if the rate comes out over $3.00, do you still suggest to hold some back for a few months?] IMO ... This scenario will not happen ... The UST learned from KW... "We are now just watching everything unfold like clockwork!" From this 20th .... Forward... To see the MR unfold. Yes ...AFTER THE 20TH ... In this Mookla First Quarter.
1-20-2017 Newshound/Intel Guru BGG […do you find it odd we haven't seen any statements from the World Economic Conference by Iraqi officials?] I do - I find a lot of things VERY strange lately...so much progress - much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4?? …very odd (to say the least)...we may have to be digging to find the exact time of any value change - we use to say "just check the CBI". That's out the window... …it's gonna' happen overnite - we will (hopefully) know quickly, but we might have to dig and verify. IMHO. [Is there any chance that we have already had a value change, but has not been posted on the CBI?] anything is possible - but we have such broad contacts, I just doubt it has. [If we dont look at the CBI for the rate change, where will we find that information?] We're gonna' be looking at everything in context... probably some kind of "inter-bank memo" since they in the process of "re-engaging" right now. [can they have a rate and not showing it? How are they doing business other wise?] …the "not showing" part is not a long term thing - we'll know pretty soon. No matter what.
1-20-2017 Newshound Guru Breitling …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency. The Ministry of Planning, parliament say the value is going to go up. I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete. Then I understand how they’re going to add value to their currency. I really don’t have to hear anybody “say” anything. I just watch what they do. It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq. So don’t get too crazy on what everybody says…just watch what the CBI does. Watch what the ministry of Planning is doing and how they’re doing it.
1-20-2017 Intel/Newshound Guru Mnt Goat …the RV is pending due to having the needed security and stability and this “security” is the needed stability the CBI keeps talking about is the liberalization of Mosul and this “stability” in getting the banking sector up and running along with fighting corruption and money laundering. They are doing this in amazing speed with new regulations and internal and international standards. I hope that by now you all realize this is the goal and the way to get the RV. So the FACT is at some point they need an international currency once in article 8…they have already promised to abide by all the articles and conditions. They also do not yet have a global currency from the sense necessary for what we want. The IMF is closely working with Iraq to get them to the place they need to be to meet all these conditions of article 8. This movement to article 8 is dynamic and ongoing.
1-20-2017 Intel Guru Bruce Tuesday night we talked about is the plan for us to have this blessing prior or after the inauguration of President Trump. On Tuesday I told you I believed the intention was to have it prior…we still do not have the Go signal…I am not sure I can say it will happen prior to the Inauguration. Could something happen over night? It could be possible. Maybe all breaks loose with the release we are looking for…shortly after the swearing in of the new president. That would be wonderful. We are hearing also Iraq’s Prime Minister Abadi is in Iraq still and is sort of waiting for the announcement to come so that he can release the dinar internationally. It has been revalued in the country. I am excited where we... The timing is close. I believe everything is ready. Our time is coming shortly.
1-19-2017 ** Dinar Guru Community News ** I'm saddened to report the dinar community has lost another guru. Guru RCookie has passed at the age of 53. Whether you agreed with his thoughts on the dinar or not he brought passion and a unique perspective for us all to enjoy and debate. RCookie added much to the conversation. He will be missed dearly. Our thoughts and prayers are with his family. The latest guru posts will continue below...
1-19-2017 Intel Guru RayRen 98 WE ARE NOW UP TO 21 BANKS, 3 CREDIT UNIONS & 5 CURRENCY EXCHANGE DEALERS AND COUNTING...180 DEGREE CHANGE - THEY ARE NOW EXCHANGING THE IRAQI DINAR. FOR ALL INTENTS AND PURPOSES, INTERNATIONAL ACCEPTANCE IS UPON US!
1-19-2017 Intel Guru ADMINBILL I WOULD SAY THAT FRANK'S [GURU FRANK26] WINDOW IS VALID FOR A NUMBER OF REASONS. (20th of Jan. to the end of the 1st quarter) PRIMARILY THE FIRST QUARTER INCLUSION IN MY PERSPECTIVE WOULD INCLUDE THE PUBLIC PAYOUT WHICH ALLOWS THE VALUE OF EACH CURRENCY TO STABILIZE. [i see the can getting kicked down the road again...] FROM WHAT I HAVE BEEN TOLD OUR CAN WILL BE OPENED VERY SOON. IT IS MY IMPRESSION THAT THE GOAL IS TO HAVE THE MAJORITY OF CURRENCY EXCHANGED IN THE FIRST QUARTER. MANY COUNTRIES ARE INTRODUCING NEW CURRENCIES AND WOULD LIKE TO HAVE THE OLDER DENOMINATIONS BACK IN THEIR POSSESSION TO BE DESTROYED. I WOULD ASSUME THAT AT SOME TIME IN THE FUTURE THE OLD CURRENCY WILL NO LONGER BE ACCEPTED AND BECOME WALL PAPER.
1-19-2017 Newshound Guru Breitling So I back everything I say by numbers…When’s the starting point? The CBI doesn’t even know…Like I said it’s all market based…I have not lost any confidence at all. I’m just as confident as when I first got into it, in fact more so because remember when I first got into this we projected that based on the information we had at the time it was only going to go to .4 cents per dinar. That was it. Then the CBI, Ministry of Planning, the Minister of Finance…these guys changed their minds. It’s all there in black and white. Nothing’s changed. So you should be very very confident in the numbers. It’s not my opinion. My whole message is not about opinions. You can eliminate all opinions.
1-19-2017 Newshound Guru mike M0 money supply is my main sticking point to adding value to the dinar. I'm "all in" with the data from the CBI that relates to how much currency is out and I can't see a sudden rise in the dinar. Let's see what happens in the first or second quarter...
1-19-2017 Intel Guru Frank26 Iraq will be international...better yet Iraq is international...it is just that no one is doing any business with them right now...because they have a program rate because that would be illogical to do business with a program rate...in fact...Allak never said we are going to be international at a program rate...no...he said...we are going to be international and to lift the 000’s would definitely benefit us...he talked about adding value... ...on the CBI website...all in Arabic ...they are all sitting there with empty slots waiting to be filled in... [reference Guru Frank26 post 1-18-2017] [post 2 of 2]
1-19-2017 Intel Guru Frank26 ...I made a mistake...I told you that Abadi needs to be in-country for the RV to occur...my humblest apologies...Abadi does not have be in Iraq for the RV to occur... [Guru] DELTA...said that Abadi needs the Monetary Reform...the CBI needs the Monetary Reform...the GOI needs it...for their international credit...for their trust... They are working on a lot of laws...these laws are for the GOI...not for the CBI...the CBI has all the laws they need...we told you the CBI is sitting there waiting waiting for the GOI to pull the trigger...waiting for Abadi to point at the CBI whoever is in charge out there and pull the trigger...the CBI has all of their laws...in fact their laws are for international structure and standards...the CBI is ready. [post 1` of 2....stay tuned]
1-19-2017 Intel Guru ADMINBILL OTHER THAN A NEW START LET'S SEE WHAT FRIDAY BRINGS US. I CONTINUE TO HEAR GOOD INFORMATION THIS AFTERNOON [THURSDAY]...
1-18-2017 Intel/Newshound Guru Mnt Goat Article: "Anmguetrah announcement of the establishment of the Supreme Economic Council" Quote: "...It announced a number of business men and academics in the field of economics, Saturday, for a proposal for the formation of the Supreme Economic Council." wow! We have waited so long for this to happen, finally it is here.
1-18-2017 Newshound Guru Adam Montana ...I’m very upbeat about the Dinar right now. More so than I have been in quite some time! We have Budget activity that is more timely than at any point in recent history. We have major talks of buttoning up major aspects of the Infrastructure, which is key to this all coming together. We have open spots in Parliament that are slated for completion as soon as next week. And for the biggest, perhaps most exciting “clue” of the decade… Article: "Oil announces the completion of a draft oil and gas law and send it to the Secretariat of the Council of Ministers" We’ve got a few days or weeks, but things are MOVING in the right direction! This is a PERFECT time to make sure you've got your ducks in a row...and maybe even a "prep list" of things to be sure you have and ready to pack at a moment's notice! We are at a point where I feel a sense of urgency to get every last detail checked and fine tuned...BOY am I getting just a tad excited!
1-18-2017 Newshound Guru loop [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar...any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
1-18-2017 Newshound Guru Breitling ...With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
1-18-2017 Intel Guru Frank26 ...one of the things that [Guru] DELTA has been watching for a while...the Indicative Rate on the CBI website on the Arabic side...there is no program rate since January 4th...he said you do know there are a total of three places on the website where we follow the program rate...he said yeah since January 4th of this year they haven’t put up any rate whatsoever on one of the three, but last...Friday morning all three slots are empty...I said obviously IMO I think they are getting ready to put up a new rate and remove the program rate they have had as handcuffs for a long time...the CBI cannot have two exchange rates as ones posted on the CBI website...it is against the law...that is why I think they took the program rate off the other two slots and all three slots are empty and ready to be filled in...there is a rate IMO...that is coming.
1-18-2017 Intel/Newshound Guru Mnt Goat Many articles are most revealing and positive. We know fixing the security breach with ISIS was planned for completion at the end of 2016. It has not yet happened and so we wait. It is my firm opinion (and the information told to me by my CBI contact) that it is now all a matter of physical security and banking stability. Huge, huge worry about money laundering and what might happen if they don’t fix this situation prior to the RV. Have you not seen them working diligently and very hard in these two areas lately? Why do you think they are doing all these reforms?
1-18-2017 Newshound Guru Breitling The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
1-18-2017 Newshound Guru loop Article: "The central bank issued new instructions to regulate the process of selling the dollar" Quote: "...the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development..." "a knowledge of the ultimate beneficiary" The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
1-18-2017 Intel/Newshound Guru tman23 Article: "Central bank: deletion of zeros from the currency deferred for the time being" Deferred for the time being...When I read this... my first thought was... THEY ARE READY TO GO... To say deferred for the time being is NOT "Iraqi LINGO"....If he had a teleprompter I would say the UST was on the other end typing...I expect to see BIG NEWS at anytime and not thinking in terms of weeks.
1-18-2017 Newshound Guru loop [did the budget ever get in the gazette yet?] Yes. The Budget was published in the Gazette on Sunday.
1-18-2017 Intel Guru Bruce The flag ...the gift from China...in Mosul...is in a very special part of the city, it is flying...we are looking to get some type of acknowledgement of take back of Mosul and the new international rate for the Iraqi dinar. Is the rate in the budget? Yes. It is in the Gazette? Yes. Visible to us? No, still being kept from us. Just like Mosul. We are looking for that to be revealed. As far as Iraq concern, they have done all they were suppose to do. Everything is pointing to pre-Inauguration.
1-17-2017 Newshound Guru mike Article: "Iraq opens the door to possibilities deletion of zeros from the local currency" Quote: "...the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." ...the CBI is working towards adding value to the dinar...the CBI didn't specify a date, they're still waiting on appropriate conditions and they want to make sure all their T's are crossed and their I's are dotted before they start. I think it's pretty safe to say...that Iraq needs to do some things before the dinar will gain in value: 1) Get the MCP below 2% 2) Remove Exchange Restrictions 3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that's necessary to increase demand.
1-17-2017 Newshound Guru hutch ...we do have an idea of what is happening...if you look at their 5 yr plan that has been set out by shabibbi, saleh and abadi... they are sticking to it. And it is playing out. The LOI's, MOU's have it all set out as to what their goals are and how to achieve them. And its working.
1-17-2017 Newshound Guru wmawhite [...wouldn't reducing the note count to the point of a liquidity crisis force a rise in the value based on supply and demand once the Dinar is free to go up in value?] The note count has an effect in country, but only the CBI sets the value outside the country.
1-17-2017 Intel Guru ADMINBILL LIFT OFF IS IN SIGHT. AND IT COULD BE BEFORE THE INAUGURATION. NO PROMISES BUT THE LINES ARE BUZZING. REMEMBER, WE HAVE HEARD IT ALL BEFORE BUT THIS IS VERY WELL SOURCED. UPDATE INFORMATION: I just received a personal message and got permission to share with everyone: Tonight [Monday] brings excellent news with a possibility of an increase in value of all currencies between shortly before and shortly after the inauguration. This information is new tonight with multiple separate sources in agreement. ...it appears we are inching rapidly to the finish line.
1-17-2017 Newshound Guru mike Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "revealing that the deletion of zeros from the currency, deferred for the time being." The loose translation for defer is "to put off (an action or event) to a later time; postpone." And then he states: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He's telling us they don't have a date, they're just waiting for the right conditions to move forward. In order for a currency to have value it needs several things like political stability, free from conflict and a economy that produces and exports products to create demand for the currency...once they raise the value the prices will change, 10,000 dinars today will buy you five packs of smokes, 10,000 dinars after it rises to 1-1 will buy you a Toyota pickup.
1-17-2017 Intel/Newshound Guru Mnt Goat Where is Iraq in this process? There is absolutely nothing to indicate to us any hold up or delay in the EARLY 2017 process to move forward with the “project to delete the zeros”. There was one new article about the project to delete the zeros and I believe this one was totally misinterpreted by many... Article: "Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros postponed already many times, going forward" I believe it is actually just the opposite. It is all very good news... It is not saying the project to delete the zeros is postponed again. The postponement part in the headings is simply telling us they did postpone it already way back in 2015/early 2016 and we are still waiting for it and that they are just delaying it due to...do to...SECURITY, SECURITY and the need for more SECURITY. The CBI is basically telling us its coming and so just hang on.
1-17-2017 Newshound Guru wmawhite A change in the prices of goods; the prices are what determine the size of the notes. Lower the prices, remove the large notes. What will change the prices of the goods/ marketplace? A dramatic increase in the value of the currency that is importing the goods. General stability, security = FINANCIAL security, financial stability, not military security. Alak is a bank manger, not a military... Alak is saying today the market conditions are not correct for removing the large notes...and he does not have a date for that...he will not have an idea when until he raises the value and we know he is preparing to do that. Two different things...One is removing them physically to lower the note count....the second is removing them naturally because the prices have lowered due to a value change. The prices in the market place need to lower in order for the citizens to use smaller notes, thus no need for the larger notes. [post 2 of 2]
1-17-2017 Newshound Guru wmawhite Article: "The Central Bank Governor for "tomorrow": Iraqi dinar is not in danger and delete deferred zeros" Folks...each of us need to pay attention to exactly what is said. Alak was referring to the large notes, the removal of the large notes from the currency. That is NOT the same as increasing the value of the currency. They are two very different events. ...this is pertaining to the removal of the three zero notes from the marketplace/from the currency; "the Iraqi Central Bank did not specify a date for the "...deletion of zeros from the currency dinar," This Statement is not about the change in the value of currency. He is saying that the prices in the marketplace are not appropriate yet in order to remove the currency. So, what will change the marketplace? [post 1 of 2....stay tuned]
1-17-2017 Newshound Guru My Ladies ON FRIDAY THE CBI CAME OUT AND ANNOUNCED AN INTENDED DOLLAR BOND SALE AND THEY ALSO SAID THAT THEIR FINANCIAL SITUATION IS SAFE UNTIL 2021. THE IMF AGREED WITH THIS. ALSO LAST WEEK IRAQ SAID THIS COMING WEEK THEY WILL BE SELLING THE DOLLAR DIRECTLY ACROSS 5 BRANCHES FOR THE OFFICIAL RATE WHICH FURTHER PROVES THE STRENGTH OF THE DINAR AND THE CLOSING OF THE GAP BETWEEN OFFICIAL RATE AND MARKET RATE. IRAQ DOES NOT NEED TO CHANGE THEIR PRICE TO BECOME INTERNATIONAL AND THEY MAY BEGIN TO TRADE, BUT THEY WILL NOT EVER PUSH A BUTTON AND JUMP TO 3+ DOLLARS, THIS IS NOT HOW THING WORK... [post 2 of 2]
1-17-2017 Newshound Guru My Ladies IRAQ ANNOUNCED...THE DELAY OF THE DELETE THE ZEROS PROJECT... THE WHOLE REASON FOR THE DELETION WAS TO PRESERVE THE CURRENCY AND THE NEED IS NO LONGER PRESENT...OTHER COUNTRIES HAVE DELETED THE ZEROS, AND IT IS A MAJOR UNDERTAKING AND USUALLY FOLLOWED BY A DEVALUATION OF CURRENCY, THE DINAR IS STABLE IS AT THIS TIME. THE GAP BETWEEN THE OFFICIAL RATE AND THE BLACK MARKET RATE IS CLOSING. ...AT THIS TIME THE OFFICIAL RATE IS 1182 AGAINST THE DOLLAR AS OPPOSED TO 1300 AGAINST THE DOLLAR WHICH IS THE MARKET PRICE... [post 1 of 2....stay tuned]
1-17-2017 Newshound/Intel Guru BGG Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" [AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!...does this mean Mosul?] probably - (my take)...it really looks like control of Mosul (and liberation) seems to be some kind of criteria (set for them by someone else). however, there are numerous references to this happening soon. ...in my book - that doesn't negate any of the earlier CBI comments about the beginning of 2017 - sounds a bit like they may have had it planned for sometime before now and some calculus has put things off a bit...like Mosul? ...AND Alak makes no mention of "how long" it is "postponed" (or what their original intended start date might have been)... a day - a week - a month?? He's talking to a reporter. Could mean anything.
1-16-2017 Newshound Guru rcookie [Any comments on this article? "Governor of the Central Bank of Iraq on the Keywords Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros Postponed"] THIS ARTICLE IS AN AFFIRMATION OF EVERY STATEMENT MADE IN PAST CONCERNING IQD MARKET STABILITY AND DISPUTE OF DEGRADATION...REASSERTS THE FISCAL OPERATIONAL DISCIPLINES APPLIED BY THE CBI...AND ALSO RESTATES THERE IS NO DATE SET FOR THE DELETE ZEROES PROJECT (WHICH THEY WILL NEVER ANNOUNCE)...AND AWAITS THE APPROPRIATE MARKET CONDITIONS AND GENERAL STABILITY OF THE COUNTRY...ALL IN THE INTEREST AND SCOPE OF ASSURING THE SUCCESS OF THE PROGRAM...THEY HAVE THOROUGHLY PLANNED THIS PROGRAM OUT IN ALL OF ITS COMPLEX STAGES AND ACTIONS...AND ARE AWARE...CONFIDENT AND IN PURSUIT OF ATTAINING THE ACCEPTABLE WINDOW OF METRICS TO LAUNCH...SO TO ALLOW FOR MAXIMUM SUCCESS...NOT LEAVING ANYTHING TO CHANCE...
1-16-2017 Intel/Newshound Guru Mnt Goat Article quote: "Iraq announced today that it completed the process of fulfilling the commitment before the last to exit from under Chapter VII of the UN Security Council, stressing that it was left only has complete compensation file with Kuwait." We can see they are telling us that Iraq fully plans to pay off the remainder of the war reparations to Kuwait using these frozen assets now in foreign banks. Folks I have to say it again this is WOW! news, history being made right in front of our noses... If you were the CBI governor and you knew the sanctions could hold back a plan to launch the lower denoms and RV the currency and finally move forward with international trade and open global investment, then what would you do? They found a way to pay it off very early and are moving ahead of schedule on this event. They need to do this to align with the EARLY 2017 project to delete the zeros. I do not think they are going to let this opportunity slip by again.
1-16-2017 Newshound Guru loop IF YOU LOOK AT THE ACTUAL QUOTE FROM ALAK HE DOES NOT USE THE WORD POSTPONED (THE REPORTER'S INTRO DOES), WHICH WOULD INFER THAT A DATE HAD ALREADY BEEN SET AND KNOWN... TO MY KNOWLEDGE AN ACTUAL DATE HAS NEVER BEEN ANNOUNCED TO THE PUBLIC... I THINK WE WOULD ALL BE VERY AWARE OF IT IF ONE HAD BEEN MENTIONED... THE CLOSEST THING TO A DATE THAT ALAK HAS SAID WAS THAT IT WOULD START EARLY 2017... [post 2 of 2]
1-16-2017 Newshound Guru loop Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL. THEN THE REPORTER ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO! NO EARTH SHATTERING INFORMATION HERE. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru mike Kuwait never RV'd their currency, they just reinstated it after Saddam was pushed out by Bush Sr. There was no full page ad denying the possibility either... As a note, Kuwait reinstated their currency on March 24th, 1991 at a rate of $3.47 to $1. Prior to the invasion the rate for the KWD was $3.50 to $1.
1-16-2017 Newshound Guru Islandg1211 The good news is that the CBI continues to move forward. Last week, Iraq's banks got their IBAN international bank transfer number codes. That's great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate. Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable. Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV. [post 2 of 2]
1-16-2017 Newshound Guru Islandg1211 East Mosul is about 80% liberated. The rest of East Mosul shouldn't be a problem. At that point, Mosul would only be 50% liberated, while the other half would not even be staged. DONT BE CONFUSED BY ARTICLES STATING THAT THE "center of Mosul is secure," because it's only half of circle with the river cutting through it... WEST MOSUL IS A SEPARATE BATTLE. But, up to now, the Pentagon and the CBI have told us everything that they are doing, and right now they are looking at needing a few more months to get both Mosul and the RV done. I've always been of the opinion that the RV would happen in the month of April, so hopefully enough progress will be made by then. In any case, both ISIS and the sanctioned Dinar rate will be gone in 2017. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru My Ladies ...WHAT IS IBAN? IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE. FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER. NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY...MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”...
1-16-2017 Newshound Guru Islandg1211 Article: "CBI News Press: DELAY OF PROJECT TO DELETE THE THREE ZEROES" The acting Gov of the CBI announced today that he has to again delay the RV. Abadi had hoped to liberate Mosul in three months time, from October to Dec 31. Allak had also hoped to RV in the beginning of this year, after delaying it three times in previous years. Allak doesn't specifically state that he is waiting for ISIS to be gone, for he also has to get everything done for the monetary reform. So, it isn't clear what is delaying the RV. He states today that he isn't even projecting a date. (Also, he can't say.)
1-16-2017 Newshound Guru Kaperoni That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA. So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us. It will happen..because there can be no market economy without it. [post 2 of 2]
1-16-2017 Newshound Guru Kaperoni Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He stressed the central bank governor and the agency, the need to "ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion." I don't see anything bad in this at all. ...the CBI must create the conditions for the project to succeed. Time is not unlimited here...they need to get started before the market economy can launch. [post 1 of 2....stay tuned]
1-16-2017 Intel/Newshound Guru Mnt Goat Article: "The fight against terrorism: the coming hours we will liberate the financial district in Mosul" Quote: "Revealed the commander of the Second Special Operations in the counter - terrorism apparatus Maj . Gen. al - Saadi Maan that the next few hours will see the Emancipation Proclamation financial district..." What does “Emancipation Proclamation” mean? It means in ISIS/Daesh context - proclaimed the freedom of Iraqi people enslaved by ISIS and Daesh forces throughout Iraq. It says in the next few hours, not days or months. It will be formally announced by the prime minister and broadcast throughout Iraq. It will be the key announcement we have been waiting for. They have been telling us to look for this now since mid December and now it is coming very soon.
1-15-2017 Intel Guru Frank26 How long is it going to take before we see these numbers change...the IBAN it was set up on the 2nd...they have been doing international transactions since the 2nd...well maybe yes...maybe no…it is set up to do it as soon as they get a non-program rate...without sanctions ...that is the reason why IMO there is no rate on the CBI website...If they are at Article 8...if they have lifted the 000’s from their exchange rate...well then the sanctions from Chapter VII should be lifted by now...IMO they are about to change...they are about to lift the 000’s from their exchange rate...the CBI is...implementing what they told you and me and the international world at the start of 2017...they said they would trade internationally in the early part of 2017...and I see all of the equipment...I see all of the necessities...for them to do exactly that. [post 2 of 2]
1-15-2017 Intel Guru Frank26 ...Monetary Reform has reached the point where everybody has agreed with the numbers…to the point where the budget that contains the number has been approved and will be in the Gazette very soon. Do you know who else got...the LOI...the one the IMF got...the mother of all Central Banks...the Bank of International Settlements...the BIS...which is found in Switzerland...trust me they also got the report that Iraq is ready to lift the value of their currency in the beginning of 2017...so when the CBI website updates their new numbers the international world will also be able to see that they have changed their rate. [post 1 of 2....stay tuned]
1-15-2017 Newshound Guru Millionday Article: "Baghdad (IraqiNews.com) Iraq and the United States signed Thursday the guarantee for a US$1 billion loan to Iraq." Quote: "...undersecretary of Iraq’s finance ministry, Fadel Nabi, said the move “represents an initial step towards accessing world capital markets on a greater scale after legal requirements had been fulfilled and specific policies taken into consideration.” THIS IS TO ACCESS WORLD CAPITAL MARKETS...DEFINE WORLD CAPITAL MARKETS>>> The trading floor of the New York Stock Exchange, one of the largest secondary capital markets in the world. ... A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold. Capital markets are defined as markets in which money is provided for periods longer than a year.
1-15-2017 Intel/Newshound Guru Mnt Goat Article: "Private banks signed a memorandum of understanding with an international company for the exchange of banking experience" More MOUs... There would be absolutely NO reason to do all this training and transfer of banking knowledge (of this nature) if they did not intend to go international with their banking practices and just stay under a “closed” economy. The Iraqi banks are in the final days of preparation for the move to international currency...as my CBI contact has now informed me. This article is proof...
1-15-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [Does official rate mean the same thing as "program rate" or does this mean they would be giving us a new rate...?] It's talking about the current rate of 1184 plus a small percentage for the bank and not the overly inflated rate that the street vendors sell it for. IMO. This will serve two purposes. The most important one being it is a continuation of the state runs banks campaign [to] gain the trust in the banking sector by the citizens and the second side benefit will be that it will pull in more 3 zero notes instead of those notes continue to circulate on the streets or put back into mattresses.
1-15-22017 Newshound Guru rcookie Article: "The opening of the Media Network office in Mosul" IRAQI MEDIA NETWORK HEADQUARTERS OFFICE REOPENED IN DOWNTOWN MOSUL...AND...NEWS TODAY CONCERNING RATION CARD BENEFITS REACHING MOSUL AS WELL.
1-15-2017 Intel Guru Frank26 I feel they have dropped the 000’s from their exchange rate...but I feel they are hiding that process...or I feel they are within days of doing it...and they will hide that process...I believe their goal is to lift the 000’s in the Mookla of this year and hide the process...IMO I think we will see this sometime after the 20th...legally the country through the IMF cannot change its rate in the middle of a year...in the middle of a fiscal year...only at the beginning of a year...that is why the Mookla is so important. ...they sent the LOI [Letter of Intent] to the IMF and said hey GOI/CBI we are both ready to give the new rate at the beginning of 2017...that is why IMO there are no numbers at the CBI website... because the numbers in the month of January...the Mookla of 2017...those numbers have changed...and we haven’t seen any new numbers since the 4th...and only the IMF can send the new numbers through the CBI so the CBI can post it officially on their website. [post 2 of 2]
1-15-2017 Intel Guru Frank26 I want to tell you something Family...the things about Mosul...the things about the budget...the things about al-Baghdadi...the things about IBAN...the things about the Multiple-Currency Policy...the things about the auctions...all these things...I want you to know this is not a process anymore...I’ve always told you it was a progression...it is a process that is leading us in the direction of the Monetary Reform...but I am here to tell you IMO all of these things I just mentioned...it is no longer a process of events...it is an ending of events… [post 1 of 2....stay tuned]
1-14-2017 Newshound Guru hutch Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [What is the official rate is the million dollar question?] THE OFFICIAL RATE IS THE CURRENT RATE OF EXCHANGE AT THE TIME THE EXCHANGE IS BEING MADE.
1-14-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." THERE IS NO ...WAY THAT ANYONE SHOULD DRAW THAT CONCLUSION THAT THIS IS HINTING AT AN RV! THAT BEING SAID I AM SO EXCITED AND I JUST CAN'T HIDE IT!
1-14-2017 Newshound Guru rcookie Article: "Trade processing liberated areas of Mosul, the fourth batch of food items" Quote: "The Ministry of Commerce announced the processing of the liberated areas in the left coast of Mosul, the fourth installment of the ration card items (oil, sugar)." SO...THEY ARE PROCESSING RATION CARD ITEMS AND BENEFITS TO THE LIBERATED AREAS OF MOSUL...PEOPLE RETURNING HOME AND MORE BACK TO NORMAL ACTIVITIES.
1-14-2017 Newshound Guru American Contractor The senior ranking member of the Iraqi Economic and Investment Commission is a woman by the name of, Najiba Najib. She has full authority on matters related to the Iraqi dinar currency. This woman is single handedly responsible for halting the delete the zeros project in 2014. How influential is this woman? Najiba Najib is so powerful, that on any given day she could randomly announce “today we increase the value of the Iraqi dinar currency”. That’s the power Najib possesses. Currently, insider reports are leaking that there is much friction between Najiba and the Director of the CBI. The reason being is that Najib wants to delay the launch of deleting the zeros project that the Central Bank so adamantly wants. Najib is insisting that they wait until year 2018 or 2019.
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch They will be working with the IMF to be prepped for that because there is a monetary reform process and an economic reform process...the revaluation of their currency is part of the monetary reform...this will kick start the economic reform...that is the trigger mechanism, IOO. But they have other things they have to do for the economic reform to be successful...because if you don't have a sound economic environment this level of monetary reform is going to be difficult to support the valuation. Iraq has taken the position that they want their monetary reform to be successful and therefore their economic reform has to be successful as well. [post 2 of 2]
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch The only reason they have the imposed rate on their currency is not sanctions put on by the IMF...it is sanctions put on them by the UN under Chapter 7. The IMF is helping them get back on their feet as they transition into a market driven economy along with the rest of the world and that is the process that we have been watching. Once the UN removes Chapter 7 that means they also remove the sanctions that were imposed from Chapter 7 and that releases Iraq to reinstate/revalue their currency... [post 1 of 2....stay tuned]
1-14-2017 Intel Guru ADMINBILL START LOOKING FOR THE RV AFTER THE 20TH. MY PERSONAL OPINION IS THAT THOSE WITH THE AUTHORITY TO RELEASE THE RV/GVR FUNDS DO NOT TRUST THE CURRENT ADMINISTRATION TO ALLOW US TO BENEFIT AND WOULD RATHER ALLOW THE NEXT ADMINISTRATION TO MOVE FORWARD. I MAY BE WRONG AND WAS TOLD I AM BUT THAT IS MY OPINION. [I don't suppose you can say what changed to back away from this weekend being a big possibility anymore?] THERE IS ALWAYS THAT POSSIBILITY... [You said that was your feeling but some sources disagreed, do they still think it might pop sooner?] YES THEY DO AND I HOPE THEY ARE RIGHT AND I AM VERY WRONG.
1-30-2017 Newshound Guru loop [What do you think about the Iraqi Thinking about not allowing any americans into there country. Because of trumps policy of not allowing people into the US.] They will change the rate when it is in their best interest to do so. No matter what is going on over in the US.
1-30-2017 Newshound Guru Kaperoni Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." Don't get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as "former glory" next year or the year after as the dinar appreciates gradually.
1-30-2017 Newshound/Intel Guru BGG Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." [...does anyone know how long Mosul will be free?] They are working on it now. ... IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
1-30-2017 Newshound Guru Aggiedad77 I am of the opinion that something big is coming... Abadi appears to be undisturbed by the actions of Trump and is ok with just waiting...he knows I think more than he is allowing out... ...more is coming to the reserve...it's going to grow fat again...who remembers what it was before ISIS struck...somewhere north of $80 billion...it appears headed there again or maybe bigger...the BEST is yet to come.
1-30-2017 Newshound Guru wmawhite Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. ...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD...it determines its value.
1-30-2017 Intel/Newshound Guru tman23 [Is Basnews a credible and reliable site?] Basnews has been around for YEARS...It is one of the most reliable reporting in Iraq...The server is located in San Francisco...The news editing had been done over the past 2 months out of England...There had been strange events to this during that time... The new website format came up in the middle of the day...Saturday...an observer of the rate would deem it a mistake...BUT...I will say this...That part of the site is not manually entered, it is a direct link to another site that does currency rates...just like the weather on the site, nobody manually enters 9 celcius today and cloudy...
1-30-2017 Newshound Guru Kaperoni Article: "Fatlawi directed questions verbally to the Governor of the Central Bank" Quote: "He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar." Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions...which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.
1-30-2017 Newshound Guru wmawhite [What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?] When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing. Iraq will make the necessary changes when they are ready. My point is this...all of these concerns have zero effect upon this investment...and why? Because this investment is not about a country's immigration policy. Instead, it is about the value of a country's currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.
1-30-2017 Intel Guru Delta BasNews is an independent and multilingual news agency based in Erbil, the capital of the Kurdistan Region of Iraq. [...do you think this is for real or a misprint...?] I HAVE A Q FOR YOU: WHY news agency based in Erbil, the capital of the Kurdistan Region of Iraq show another currency?
1-30-2017 Newshound Guru Breitling ...they don’t need to be in the beginning of the year to change the value of their currency. It would probably be the most efficient if they did something at the beginning of the year but that’s never been an issue. They can just move the decimal over anytime they want. They can move the decimal over on their currency or they can move the decimal over on the books. They are reducing the note count in order to do that.
1-30-2017 Intel/Newshound Guru tman23 Lets just say this...WE the USA just put a ban on ME travel Visa's... The POTUS just spoke with 5 world leaders today...AND he had the PM from England Friday... AND WE ARE AT THE END OF JANUARY... SO THINGS ARE MOVING FAST...AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS...SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.
1-30-2017 Intel Guru ADMINBILL [...are we going to the bank today?] NOT TODAY...I AM THINKING TOMORROW IT WILL START...AND MOVE THROUGH THE WEEK. [Are your sources credible?] I BELIEVE THEY ARE. I CERTAINLY HOPE SO.
1-30-2017 Newshound/Intel Guru BGG [Any idea on Basnews this morning?] They've (BASNews) already said - it's a mistake... [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-30-22017 Newshound Guru wmawhite [Letter from BasNews Agency:] Dear White, I would like to firstly thank you for following BasNews. As you may have notices, Our new Website was launched on 27th January and the section showing currency exchange rates into IQD may sometimes fail to function accurately. We are working and will fix it very soon. Here I send you the exchange rate in Erbil according to the local stock markets this evening: $1 = 1284 Iraqi Dinar €1 = 1360 Iraqi Dinar... Regards, Sardar Sattar...BasNews Agency. [reference Guru tman23 post 1-29-2017 Did you know Basnews (Kurdistan) updated their website today...]
1-29-2017 Intel Guru Dr. Clarke This is a VERY BIG WEEK ahead. Enjoy it! Ignore ALL the printed News Articles coming out of the ME, especially out of Iraq, and especially with regard to anything that pertains to Money, Military, Politics and Trade. IGNORE IT! ...Again, this is a VERY BIG WEEK...but what happens as February unfolds, and by the end of February...will look like a "World you've Never Seen before". EVER. ...and we believe, that you will have more money in your pocket...and there's much more.
1-29-2017 Newshound Guru wmawhite [when kuwait revalued back in the day, it came in at I think $6.] Kuwait never revalued back in the day...let me give you the true story. ...keep in mind that Iraq invaded Kuwait in August 1990. The Kuwaiti currency at that time was the Kuwaiti Dinar. The Kuwaiti currency was replaced with the Iraqi Dinar by Saddam Hussein. Seven (7) months later, February 28, 1991, the Iraqi forces are kicked out of Kuwait and the war has ended. Only twenty six (26) days later, March 24, 1991, the Kuwaiti banks reopen with a NEW currency valued at 1 KWD = $3.50...the key here is twenty six (26) days. If any Kuwaitis still held the old Kuwaiti Dinar it would be accepted at one new KWD for one old KWD rate. 26 days after the end of fight...no $6.00 or $9.00. Just reinstated their old value. And by the way...the oil fields were still burning, kuwait had no economy...no free market economy, but they sure enough did what they wanted to do...article 8 or no article 8!
1-29-2017 Intel Guru RayRen98 It is being reported to me that Iraq TV is broadcasting that Iraq and the US have signed an agreement to fund the economic reforms!
1-29-2017 Newshound Guru mike Article: "Iraq and the United Nations sign an agreement to establish a fund to finance the "economic reform" Quote: "Therefore, it provides the launch of economic reform fund opportunity to accelerate government reform plan." Great article...Currency reform, economic and banking laws are all needed to facilitate this move, hopefully it's sooner rather than later.
1-29-2017 Intel/Newshound Guru tman23 Did you know Basnews (Kurdistan) updated their website today...A new look! Did you know the server for them is in San Francisco... Basnews is 99.9% accurate...most reliable reporting in Iraq and Kurdistan... Did you know Basnews shows the currency exchange in the right hand corner... [...are those rates in the top corner for the iqd?] Have no idea other than it posting Dollar 3.648...And they just put that up early today...New page. In the past page it was $1 usd to 00086... It is strange that the amount posted is darn close to what we had been hearing...which was 3.72 chatter in Kurdistan. ...we can come to all kinds of conclusions... Best one is to wait and see...
1-29-2017 Intel Guru ADMINBILL [I had heard some very positive news earlier today even some that rates are showing up in various places, but that in Iraq its being said there will now be delays in the RV do to Trumps ban, have you heard anything?] NO DELAYS...THE RV/GCR WILL GO A LONG WAY TO MEND FENCES.
1-29-2017 Intel/Newshound Guru tman23 Article: "Keywords: central bank contributed to cross the most difficult years in the past two years" Quote: "giving it a function to STABILIZE the exchange rate"...pump money to prevent devaluation...the central bank resorted to the method of supporting the general budget through the purchase of treasury transfers..." THIS SUPPORT LOWERS THE CBI RESERVES...THE ROB PETER TO PAY PAUL ALWAYS HITS A BRICK WALL UNLESS YOU TURN IN A DIFFERENT DIRECTION...THE CBI AND GOI ARE CLOSE TO THE WALL...AND CANNOT AFFORD TO JUST TALK ABOUT A FUTURE MARKET ECONOMY.
1-29-2017 Newshound Guru wmawhite Keep in mind, the change in value of the IQD is just another step of many, many steps with the "project"...the "delete of zero project"...and there will never be an announcement before hand concerning the change in value. However, as...articles point out, the CBI will make projections as to the possible need for a change in the currency, i.e. size of notes. IMO...these projections/forecasts concerning the future need of the 50, 100 and 200 IQD notes tells me that the CBI believes there will be a change within the marketplace that will make those notes useful. And what will change the marketplace? What will change the prices within the marketplace? Answer: a change in the value of the currency that is importing those goods within the marketplace.
1-29-2017 Newshound Guru Breitling …every major corporation has already set up shop in Iraq. They’re just waiting for the right moment. They’re waiting for the Iraqi people to be able to afford their products. They believe in the principle that I believe in that you get into a market before it starts not after it starts. So they are already there. I promise you they are already there...supply times velocity or the business in Iraq will go up and Iraq has already set and triggered their currency to a place to do that. You guys know those numbers. It’s that simple.
1-29-2017 Intel/Newshound Guru Backdoc Article: "Federal Reserve Issues Progress Report on Efforts to Improve the U.S. Payment System" Quote: "The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system." THE FEDERAL RESERVE IS TELLING US ABOUT THE STATUS OF THE NEW PAYMENT SYSTEM THAT WILL BE USED IN THE NEW REALITY! WE ALL KNOW THAT BASEL 3 REQUIREMENTS REQUIRE ASSETS TO BACK EVERY COUNTRY'S CURRENCY. WITH THAT IN MIND REALIZE THIS EXPLANATION IS THE PREPARATION FOR THE NEW DIGITAL DOLLAR WHICH IRAQ HAS BEEN SO IMPATIENTLY WAITING FOR! REMEMBER, THEY WANT TO GET RID OF THE OLD DOLLAR COIN! THIS CLEARLY TELLS US THAT THE COMPLETE BUILD OUT FOR THE NEW DIGITAL DOLLAR PLATFORM IS NOW CLEARLY IN PLACE! GREATER SPEED, EFFICIENCY, AND SECURITY IS NOW IN PLACE!
1-28-2017 Intel Guru ADMINBILL IMO the RV/GCR should happen almost simultaneously. No double dipping will be allowed.
1-28-2017 Intel/Newshound Guru Mnt Goat Article quote: "the oil file in Iraq including the Kurdistan region Pat involves a high risk of misuse and its monopoly by the views of certain parties, so the lack of enactment of the oil and gas law in accordance with the directions and frameworks and national real guarantee that this natural wealth in the service of citizens will not lead to a bad future and make this wealth a curse for the people." ...can it get any clearer that they need national oil and gas law legislation HCL? Almost 90% of the national wealth is from oil revenue. Sure they are working on other sources of revenue too but these other efforts will take years. Especially with ISIS and now Iranian militias creeping at their doors again. This article is just yet another indication of the importance of this law. They will not pop the RV without having this in place to secure their wealth.
1-28-2017 Intel Guru ADMINBILL MY INFORMATION TODAY PLACES US IN A WINDOW THAT STARTS THIS WEEKEND WITH A STRONG START POSSIBILITY OF TUESDAY...AND MOVE TO THE RV/GCR THE END OF THE WEEK INTO THE FOLLOWING WEEK.
1-28-2017 Intel/Newshound Guru BGG [You were speculating that the reason why we haven't seen any updates on the CBI site is due to the economic reforms...?] yes I do think - on some level, that is the explanation. Currency reform - some stage...
1-28-2017 Newshound Guru MadDScout [Any chance of an RV before Feb?] I would say this close to Feb prolly not. But only they know what will put the last peg in the hole. We are watching the result now of actions they are actively taking for the reform process. When Alak said the delete the zeros was on hold he did say all measure would be taken so that at the right time they could move into the program (the parts on hold)...They are not in "wait" mode. Alak is seeking stability.
1-27-2017 Newshound Guru Kaperoni Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...old SFA [Strategic Framework Agreement] articles...were clear that freedom of movement of capital was critical to the success of the agreement. Let's hope this is a good sign of whats to come.
1-27-2017 Newshound Guru Aggiedad77 Article: "Jaafari heads the meeting implementation of the strategic framework agreement signed between Iraq and the United States" ...this article...IMHO...speaks volumes without coming out and saying so much at all...cooperation where there was none...without it saying so to me it talks of a certain trip that was made but was unheard of...now we see files being shared...plans being made...signatures... activation of agreements...mechanisms being implemented...my word...more work has been done of late than in the last...well you figure that out...the BEST is coming.
1-27-2017 Newshound Guru mike Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" I like the tone of this article, but when I look at where Iraq is holistically, it's just more of the same rhetoric we've heard before. The first sentence says it all: "the initiative to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs." Iraq is borrowing money, in order for lenders to feel confident, they have to know, or at least believe, that Iraq has a plan to enable their ability to repay it. They're hoping the chatter will remove doubts and fears about repayment. It's not enough, they need to actually pass the laws and implement the changes that they "talk" about in committee. My sincerest hopes are that this isn't like the hundreds of other articles that the GOI put out that talk about change and progress, the time for actual implementation has been passed a long time ago. Your move Abadi...
1-27-2017 Intel Guru RayRen98 37 banking institutions have now been reported to us from the field that are now actively buying and selling Iraqi dinar. I think that number will change dramatically in the coming days – plus three credit unions and 5-6 exchange companies. We had a member who shared that $100 was wired to a person in Iraq a few days ago...that person received 129 IQD...it was to Rafi Bank in Baghdad. I know some things that I am hearing...I do believe them because of the sources I hear them from...they have been pretty much on the money. Dates may be off because they don’t control it, they just report...I can tell you that if everything stays on track, this is my last Friday – if everything goes according to design. I feel like this is upon us. The rate is going to be very decent/attractive...
1-27-2017 Newshound Guru Kaperoni Article: "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)" This looks like a pretty big deal...The CBI is meeting..."to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs."
1-27-2017 Intel/Newshound Guru BGG CBI still hasn't updated the indicative rates (since 1/4/17) on the CBI - something is going on. What that change means? Hard to say...but the flip side is - to say it means nothing is a little arrogant. [its never been this long before...] Shoot - never been more than several days.
1-27-2017 Intel/Newshound Guru Mnt Goat Article: "Rafidain Bank opens new branch in southern Iraq" Why is this article so important? It shows us the banks are expanding and not contracting. As money is beginning to flow this is exactly what we would expect. This is a good sign the Iraqi economy is beginning to move in the right direction.
1-27-2017 Intel Guru Bruce I really don’t know anything specifically different about rates. I just know the rates are all great. We know...about the Qi cards being international with a rate of $4.84 spendable on those cards all over the world. I am looking for Abadi talking about the take back of Mosul and talk about the Sovereignty of Iraq in the fact they have a tradable currency with world markets and ready for business. He may not talk about the currency per say. I am excited where we are. We are getting very close the end of the ride. I am hearing by way of text very positive things that are pointing to tomorrow [Friday] and into the weekend.
1-26-2017 Intel/Newshound Guru Mnt Goat My personal belief is NO it does not have to be completed but there will have to be some kind of agreement to guarantee the payments to Kuwait either in a lump sum or installments over time. So in recent past weeks we witnessed many meetings with Kuwait. Why now? Why all of a sudden do they need to get so serious about re-negotiating the payment of this debt? We also know that they are supposed to have a “fully” implemented Iraqi constitution. What does this mean? It means that Article 140, HCL, the Federation Council, fully seated government (still using 3 proxy ministers in Abadi's cabinet. These ministers must be seated and ratified). Also there are other needed laws to keep the economy on track and allow foreign investors to enter and operate in Iraq’s markets. They have told us this group of 50+ laws but they listed 6 of the laws as high priority. Why? [post 2 of 2]
1-26-2017 Intel/Newshound Guru Mnt Goat Iraqi officials on Monday announced that the eastern side of the northern Iraqi city has been taken from Islamic State, after nearly 100 days of fighting. Rafidain and Rasheed Banks are moving forward as they expand their banking availability and capabilities throughout Iraq. This news is exactly what we want and expect to see in a growing economy. Its all very good! But we are not out of the doghouse yet as they are still operating under a “closed” economy and can not freely trade with the outside world with dinars as they are still technically under Chapter VII sanctions. We know there is still yet one hurdle to overcome in getting “fully” out of sanctions. This obstacle is to complete the war reparations to Kuwait. Does this have to happen to get the RV? [post 1 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 I talked with [Guru] Delta. He is excited...to him it all makes sense in the MOOKLA of 2017...but still no rate on the CBI website. Now over 25 days. Delta finds it interesting that the GOI is saying that they are NOT going to pay any salaries this week...instead they will pay them next week to protect the CBI reserves. That is a first! That is powerful. According to our calculations...start to watch tomorrow... Check out the CBI website...check out the international markets...you know ...the ones that stay open 24/7. Check out FOREX. Start paying attention to your investment...starting tomorrow [Thursday]. ...all of this...is IMO. [post 3 of 3]
1-26-2017 Intel Guru Frank26 IMO – maybe you should start tonight [Wednesday]...to look for movements of large capital. May I suggest...with sincerely...hang around FOREX. Look for the evidence of what they told you they wanted to do at the MOOKLA of 2017. I believe that there has been a switch that has been turned on for the monetary reform. You are about to be put into the light. I don’t know when...I don’t know the rate...but they have told us they want to come out at 1 to 1. [post 2 of 2....stay tuned]
1-26-2017 Intel Guru Frank26 There have been a lot of meetings. IMO... these have been very, very successful. Ever since the first part of December... the meetings have evolved...now formed a SOLID monetary reform for the IQD...evolved...to a point of satisfaction for all sides. We’re not at the beginning of the book. We’re not at chapter 1. No. We’re looking at the last sentence of the last page of the last chapter. IMO...TODAY would be a good day...to put a PERIOD (.) at that last page...that last sentence of the last paragraph. If it is...then they have turned on the switch for the monetary reform. [post 1 of 3....stay tuned]
1-26-2017 Intel Guru ADMINBILL THERE CONTINUES TO BE ACTIVITY WHICH WILL HOPEFULLY TRANSLATE TO OUR END GOAL VERY SOON. I AM ANTICIPATING ACTION VERY SOON.
1-26-2017 Newshound Guru Kaperoni Article: "Parliament calls for financial follow-up funds allocated through auction currency imports" Quote: "Float the currency and pointed to the possibility of the application of the currency was floated , such as what happened in Egypt and leave the supply and demand of the process is controlled by the exchange rate and the possibility that service to the economy of the country..." Sounds like Dr. Magda Tamimi is pushing to get off the peg and float the dinar.
1-26-2017 Newshound Guru Islandg1211 It would appear that Jan 1 wasn't realistic, three more months is a bit optimistic, and, IMO, six more months looks spot on. For these reasons, I'm expecting an RV mid-summer at the high range of the appraisal, just over the USD... perhaps $1.10-$1.13 would be reasonable. After the Dinar is on Forex, the country itself is using it, and the massive imports needed for re-construction, the demand of the Dinar will increase its exchange rate pushing it back up closer to Kuwait's in the couple of years following the RV. [post 2 of 2]
1-26-2017 Newshound Guru Islandg1211 Allak and Shabibi both stated that they need security and stability, so that's the date. It's very reasonable to assume that the RV needs ISIS gone and a deal with the Kurds, that's security and stability. Allak is saying exactly that, he is waiting for security from ISIS and also political stability. So, we don't need to look for the RV before both of those things happen. Both events will be public. We will all see the celebration of the defeat of ISIS, and the Kurds making a deal with Baghdad. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru Adam Montana [Do you think that there is enough dinar in America pre RV continuing to post RV to make a difference in our economy?] It all comes back to the fact that we are dealing with a fiat currency, where debt and wealth can be created with a click of a mouse. The amount of physical currency, dinar or USD or any other, has no bearing on what can or cannot happen with the exchange rates.
1-25-2017 Intel Guru RayRen98 ...things are looking as good as they can possibly look! In the US, the biggest feather in our cap is the public acceptance of the dinar. Sure there are only small number of banks compared to all the banks in the US, but the fact that 33 banks are dealing publicly with the dinar is a great step forward... We know what our destiny is about to look like, we just don’t know when. Yes, it could happen any day.
1-25-2017 Newshound Guru Adam Montana ...I just shake my head at these...lopsters who ignore the fact that the Dinar is a fiat currency, and the value is not based on M2 or M3 or the GDP or the price of tea in China... it's based on investors FAITH in the country. It’s based on how people FEEL. The fact that we are talking about a FIAT currency, something that has no intrinsic value, takes all the rest of the cards out of play. The Iraqi Dinar is worth whatever people want it to be worth…and when TPB decide they are going to raise the value, there’s going to be a LOT of support for that move! We are in a great spot right now. Can I get a “GO RV!!
1-25-2017 Newshound Guru MadDScout Article: "Rasheed Bank in line with an international company of the Comprehensive Banking System Requirements" More banking reform being implemented...Laws being applied evenly...Upgrading the technology and moving into "international" requirements...
1-25-2017 Newshound Guru Adam Montana Things are heating up, and it's starting to show! The DOW just hit 20,000... There is pretty much nothing holding HCL back...Maliki was a thorn in our side. We can ignore him now. [HCL the final hurdle or others to consider..?] The thing is - everything is tied to the HCL. SO MUCH is going to happen all at once when the HCL is done, it's really the "all encompassing" factor.
1-25-2017 Intel Guru Frank26 Hey CBI...another question...wasn’t it Kuwait that recently came to Iraq...signed some documents and quickly took off...then bragged that they signed some deals for about $1.26? Kuwait has a tendency to expose themselves. I don’t know what the rate is inside of Iraq...but in my opinion...it’s jumping all over the place. But...to go INTERNATIONAL with a program rate...they know that won’t work... The program rate...is still being left out of the CBI website...which means they can post a rate anytime they want...we know they will FLOAT THE IQD once they eliminate the 3 zeros. [post 2 of 2]
1-25-2017 Intel Guru Frank26 Didn’t we already suggest that it could be 1 to 1? They are slowly growing to the 1 to 1. Is that why there is no exchange rate...anywhere on the CBI website to be found? Hey CBI...wasn’t it about 4 years ago that Kuwait...on their bank spreadsheet... showed for about 48 hours...showed a rate for the IQD at 35 cents...and remember when everyone got excited and they called the CBI...and the CBI had to deny it? And then about 48 hours later, Kuwait removed the rate. [post 1 of 2....stay tuned]
1-25-2017 Newshound Guru loop Article: "High degree of optimism about Iraq's credit rating" Quote: "The rating agency Standard & Poor's, the largest credit rating agencies in the world, has recently proven its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook." the (S & P) pointed out that Iraq possesses huge reserves and has substantial oil exports, thereby reducing the concerns in this area. ...ASK YOURSELVES THIS...WHAT HAS CHANGED? IF...ALL THIS NEWS DOES NOT MAKE YOUR SMILE THEN YOU NEED TO REREAD THE NEWS FOR THE LAST 4 MONTHS.
1-25-2017 Newshound Guru Kaperoni Article: "Dollar drops to 1274 dinars in foreign exchange markets in Iraq" 1,282 is the rate reported by the CBI. [CBI updated the market rate today to 1270--See Dinar Guru Resource bar on the left for Official CBI Dinar Rate and Market Rate]
1-25-2017 Intel Guru Bruce Concerning Iraq, just when we think everything is done with Iraq, we found there were 4 more laws to be passed this morning [Tuesday]. One of those laws was the National banking law. The law the rate would be held in. ...At 10am Iraq time this morning, this occurred and...all 4 laws were passed. ...those need to show up in the Gazette to make it official. My understanding is the rate is in the law and the budget. Both the budget and the rate will be visible very shortly. I am hearing everything is done now...In the way of true Intel right now as it stands, we are at a precipice of this going any day...it looks like everything I have heard and more recently in a text, we should be there before Saturday or even Friday. We are in a great position for this week. [post 2 of 2]
1-25-2017 Intel Guru Bruce ...Iraq has had a new rate in back of their screens in our banks since January 2? Today I understand, they have a debit card, Qi card, for the Iraq people, and globally wherever this card is held, today the rate is $4.64. That is a new rate. What is interesting is it appears to be a rate that might be available today and used around the world today. I think there is a greater rate coming. The first part of that rate, the $4, should increase quite a bit with a change of rate by the CBI. [post 1 of 2....stay tuned]
1-24-2017 Intel/Newshound Guru Mnt Goat Quote: "Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are the bottom, including Iraq, Lebanon and the countries of the list." What they are telling us is the Iraqi dinar deserves a much higher ranking among the GCC countries but where is it today? Compared to the other countries Iraq will very soon rise out the ISIS crisis. How will this happen? We all know and its coming soon. This is the point of the article.
1-24-2017 Newshound Guru wmawhite Article: "Iraqi Central Bank, all banks to stop providing drafts bills and import licenses on the sale of currency window, pointing to comply with the electronic system" This is significant. The IMF encourages all central bank to have the exchange/sale of foreign currencies within their country to reside within the banking system. Not at the central bank. This article shows that the CBI is engaged in completing that task. The CBI just put out the instructions a week ago and today it is telling the banks to get with it, follow the instructions.
1-24-2017 Intel Guru ADMINBILL WE ARE APPROACHING GOOD TIMES ... PERHAPS AS EARLY AS LATER IN THE WEEK BUT SURELY IMO NEXT WEEK.
1-24-2017 Newshound Guru wmawhite [...I dont believe that a RV will change the corruption in Iraq.] You are correct...and why is that? Answer: because the IQD will NOT change in value within Iraq. Corrupt people will continue to look for ways to benefit off of other people's hard work.
1-24-2017 Newshound/Intel Guru BGG [...any idea why the date on the CBI site has been frozen at "Indicative rates - 04.01.2017"?] I have offered my opinion - it has something to do with the recent changes in how they do things within their banking system (going on right now) - and while odd, may have nothing to do with a change in value. I did not say - "nothing to do with currency reform" - because, if it has anything to do with the recent shake-up in their banking structure - then obviously, it has something to do with "currency reform".
1-24-2017 Intel Guru Frank26 We should be seeing very soon...at least this month, walking into next is the release of Chapter VII in an official manner...so that the budget...so that auctions...can be defined a little better. Where is the budget? In the Gazette. Shouldn’t it be open and implemented right now? No. Why? Because it has a program rate. So why don’t they use it? Because they are waiting to change their rate. ...any time after the 20th (time frame) until the end of the 1st quarter (Friday, March 31st)...From the 20th until the 31st of March...this thing is loaded for bear!
1-24-2017 Intel Guru Frank26 I believe that the MCP, the MOI, the MOU, the LOI’s are no longer necessary. You know why? Because we are beyond the Monetary Reform. What I believe is that right now...Iraq is going through a phase ...entering their NATURAL POSITION in the INTERNATIONAL world. Everything you are seeing right now has to happen with URGENCY! There are spots in Iraq that are fighting against the program rate. Some are very well aware about what is going to happen with their currency. Iraq is driven by money...and at this point...I believe that they are maximizing their investment...their currency.
1-24-2017 Intel Guru Frank26 We told you many times...Mosul is NOT part of the monetary reform...but Mosul is a requirement for it – in the sense of security / stability. You have seen some dramatic events to that fact (regarding Mosul) in the last 72 hours. Did we not say that once we have Mosul, very quickly you’ll have the MR? – and I still stand by that. Now, last week they told us they have liberated Mosul. Turns out they were talking about liberation of certain pocket areas but not all of Mosul yet. Let us agree that Mosul is NOT fully liberated yet...but very, very, very close.
1-24-2017 Newshound Guru Mnt Goat Article quote: "Iraqi army and coalition forces prepare to expand their offensive against the Sunni militants into west Mosul." ...sounds like this week that are going to begin the offensive battle in the western section of the Mosul region...As I write this news letter I was just informed the northern section of Mosul is not liberated. Let’s wait and see what they tell us in the news. Remember we wait for the pm Abadi to make a formal announcement of the total liberation of Mosul. This is our queue that the CBI might launch those lower denoms and get this process rolling. This could literally happen in the next week or less.
1-24-2017 Intel Guru ADMINBILL IF YOU CALLED THE AMERICAN EMBASSY DO YOU BELIEVE THEY WOULD RELEASE A DISPATCH THAT WAS MEANT TO BE PRIVATE TO YOU? I THINK NOT. AN IRAQI CITIZEN CAN CALL THEIR EMBASSY ANY TIME THEY WISH. THAT DOES NOT MEAN THEY WILL BE GIVEN ACCURATE INFO ANY MORE THAT WE WOULD GET FROM OUR OWN. IT IS STILL MY UNDERSTANDING WE ARE IN A VERY GOOD POSITION THIS WEEK. I DO NOT WANT TO GIVE A TIME FRAME...IT SHOULD BE SOON. [post 2 of 2]
1-24-2017 Intel Guru ADMINBILL I...RECEIVED A PM FROM ONE OF OUR MEMBERS WHO SAID "From asking my Iraq friends here in town about the memo that have been sent to the embassies about raising the value of the dinar, 4 embassies been called and that turned to be not true, no memo were sent..." [reference ADMINBILL post 1-21-2017] IT IS IMPORTANT THAT WE PAY ATTENTION TO ALL INFORMATION WHETHER IT IS GOOD, BAD OR INDIFFERENT. I AM AWARE OF THE SOURCES I RECEIVE MY INFO FROM AND I AM CONFIDENT OF IT'S ACCURACY HOWEVER I WILL NOT DISCOUNT THOSE THAT GIVE ME INFORMATION. I SEE NO REASON TO BELIEVE THIS NOT TRUE. ...IT WAS REPORTED AND THE SHARED WITH YOU AS INFORMATION TO DIGEST. [post 1 of 2....stay tuned]
1-23-2017 Newshound Guru jaxjags To me, the CBI would never make it known that those notes would have a place in the market place unless they believe the "market conditions" will change in the near future. Again, IMO, we are close to seeing an aggressive move on the part of the CBI to let the IQD find its true value...whatever that may be. [post 2 of 2]
1-23-2017 Newshound Guru jaxjags [new Guru] Concerning the appreciation of the IQD, I have no idea exactly how it will appreciate. However, I believe the CBI will be aggressive in its pursuit. The CBI stated in numerous articles starting back in November 2016 that the 50, 100 and 200 IQD notes would appear in early 2017. Of course, that is a forecast of "need" concerning those notes, NOT a forecast of "value" of the currency. [post 1 of 2....stay tuned]
1-23-2017 Intel Guru RayRen98 We are getting blow-by-blow updates about Mosul; we understand that eastern Mosul has celebrations, with northern Mosul tagged to be completed by yesterday. There was a large offensive in western Mosul, too. The updates say that Mosul is already celebrating, although the northern and western areas are not completely liberated. On Iraqi television, they are telling citizens that any minute now they will have Mosul completely liberated. There are now 27 banks actively dealing in dinar, for those who say this is a scam. You already know about the Iraqi embassies being notified for a currency value change, we just don’t know when. This could very well be The Week, although certain things still need to be made public. But it’s looking good, sounding good, and I’m feeling good about where we are.
1-23-2017 Newshound Guru Breitling …Never has there been 50 Trillion dinar in circulation…this is not an opinion... The market responds to how these people [Sunni, Shia Kurds] treat each other. I understand that. But they are going to add value to their currency anyways. That is one of the tools they want to use to try to bring everyone together…to accomplish that hey have to establish a financial base so people don’t get desperate and make these proxy wars. Hopefully. That’s what they’re thinking. The Sunni and Shia are not in competition where one wants to add value to the currency and the other one doesn’t. Or even the Kurds. They all want value to be added….when it comes to currency and the markets…there is no differences of opinion about that. They just argue about who gets to rule what. Iraq is a fantastic opportunity. That has not changed. Every trend in the market…on how a currency goes up, Iraq is doing it…zero hype.
1-23-2017 Newshound/Intel Guru BGG [Anyone have any idea why the CBI hasn't updated their exchange rates on the web site since the 4th? Seems kinda odd.] …no one has any idea. Longest stretch in the last 5 years they have not updated.
1-23-2017 Newshound Guru wmawhite Article: “Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement.” Quote: “According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are bottom, including Iraq…" …the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement. Folks,...ask yourself why does this particular short article appear in an on-line business publication that out of all of what is happening in the ME it points out this?
1-22-2017 Newshound/Intel Guru BGG …When there is a value change - we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said. …we are really close... they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won't go to Iraq if they have to hand their business over to an Iraqi. We should be very encouraged. The factual info is plenty encouraging.
1-22-2017 Newshound Guru loop Article: “International Monetary showing satisfaction of Iraq's efforts to meet the credit requirements of the program” Quote: "…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program," adding "it is going according to timings marked in the program," according to the statement...it is going according to timings marked in the program...The IMF is satisfied with the progress of the SBA! BOOM.
1-22-2017 Intel/Newshound Guru Backdoc THE MR (monetary reform) FOR IRAQ IS NOW A THING OF THE PAST SINCE THEY HAVE DONE EVERYTHING THE IMF HAS ASKED OF THEM. EVEN IRAQ SITS QUIETLY IN THE GLOBAL ROOM, AWAITING A SECOND REVIEW OF THEIR STATUS WITH THE IMF IN MARCH! IRAQ WENT FROM HAVING PREVIOUS BUDGETS IN DOLLARS TO NOW HAVING A BUDGET IN DINARS, YIPPIE! EVIDENCE CLEARLY INDICATES THEY ARE TRULY INTERNATIONAL. THE RECENT INTERNATIONAL SALES OF EURO BONDS ADD TO THIS FACT. WE KNOW THAT ONCE THEY ADMIT THEIR EXCHANGE RATE IT MUST BE AT LEAST 1 TO 1 TO BE IN COMPLIANCE WITH THE PARIS CLUB AGREEMENT. THEY COULD COME OUT WITH A MANAGED FLOAT, OR THEY COULD COME OUT WITH A FREE FLOAT AND EVENTUALLY LOCK IN A MANAGED FLOAT.
1-22-2017 Newshound Guru loop Article: “Finance issued government bonds secured one billion dollars” Quote: "foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds." The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED! So what's changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!
1-22-2017 Intel Guru Bluwolf All things pending that pertain to what me and you have been waiting for are now in fast track believe it or not.
1-22-2017 Newshound Guru loop Article “Iraq Stock Exchange recorded an increase the value and number of shares during the past week” Quote: "There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted." The ISX had a good week last week. Week over Week increase in trade volume by 129.85%...Week over week increase in share value 154.78%. WOW. Wonder what sparked the sudden activity?
1-22-2017 Intel Guru Frank26 [If the CBI website (arabic side ) is still not showing a rate, how long can that continue? I am wondering what requirements, if any, there are for reporting the exchange rates at a given interval?] Yes… It's called an RV…
1-22-2017 Newshound Guru 1bobby Article: “Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.” These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis. Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is...reducing note count, adding liquidity to the banks.
1-22-2017 Intel/Newshound Guru Mnt Goat I can hardly believe all that I am seeing happening with these Iraqi economic and financial reforms. It is all so amazing and I fully believe Iraq is now on a FAST TRACK.
1-21-2017 Newshound Guru loop ‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
1-21-2017 Newshound Guru mike Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Context is important: "the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true," adding that "Msatralih dinar fully and that in progress." What he's trying to do is convince the critics that the dinar isn't at risk or in decline, his response to that criticism is that there are plans in place to strengthen the dinar, at the minimum, the dinar's MCP should be within 2%, not the 9% that it currently is today.
1-21-2017 Newshound Guru Breitling …There are 3 windows Iraq has been talking about. There are no specific dates or months. They’re simply watching the markets. There’s also reaction on how they are handling ISIS. Having said that, they have a plan if the civil war between the Sunni and the Shia continues…they are going to add value to the currency, so they have ways to get around that. In 2017 they specifically talked about 2 opportunities to raise the value of their currency. At what speed, at what point, at what time? They never really said. I simply don’t know but I do know windows are coming up. We passed one…that was back in November and that was based on how they were watching the markets…that point passed. If these two windows in 2017 are missed they are going to revalue anyways so it really doesn’t matter…I don’t know the exact dates I really don’t. If I was to calculate, probably the end of spring…That’s a guess and I rarely do that and that’s pushing it, it truly is. That does not mean they can’t revalue tomorrow by the way.
1-21-2017 Intel Guru ADMINBILL UNCONFIRMED INFO FROM ACROSS THE POND FROM EARLIER TODAY: BAGDAD SENT NOTICES TO ALL THEIR EMBASSY'S YESTERDAY THAT THERE WILL BE AN ADJUSTMENT OF THEIR CURRENCY VALUE. IT IS SIMPLY A MATTER OF WHEN. WE HAVE A FAIR TO GOOD SHOT AT THIS WEEKEND OR THE COMING WEEK.
1-20-2017 Newshound/Intel Guru BGG Kuwaiti Dinar is still considered a thinly traded "exotic"...Iraq is almost certain to land in this category... no biggie - it's alot like you're all sitting on a penny stock about to get listed on the big board - no matter where it goes, it's gonna' be good.
1-20-2017 Intel Guru Frank26 […if the rate comes out over $3.00, do you still suggest to hold some back for a few months?] IMO ... This scenario will not happen ... The UST learned from KW... "We are now just watching everything unfold like clockwork!" From this 20th .... Forward... To see the MR unfold. Yes ...AFTER THE 20TH ... In this Mookla First Quarter.
1-20-2017 Newshound/Intel Guru BGG […do you find it odd we haven't seen any statements from the World Economic Conference by Iraqi officials?] I do - I find a lot of things VERY strange lately...so much progress - much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4?? …very odd (to say the least)...we may have to be digging to find the exact time of any value change - we use to say "just check the CBI". That's out the window... …it's gonna' happen overnite - we will (hopefully) know quickly, but we might have to dig and verify. IMHO. [Is there any chance that we have already had a value change, but has not been posted on the CBI?] anything is possible - but we have such broad contacts, I just doubt it has. [If we dont look at the CBI for the rate change, where will we find that information?] We're gonna' be looking at everything in context... probably some kind of "inter-bank memo" since they in the process of "re-engaging" right now. [can they have a rate and not showing it? How are they doing business other wise?] …the "not showing" part is not a long term thing - we'll know pretty soon. No matter what.
1-20-2017 Newshound Guru Breitling …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency. The Ministry of Planning, parliament say the value is going to go up. I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete. Then I understand how they’re going to add value to their currency. I really don’t have to hear anybody “say” anything. I just watch what they do. It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq. So don’t get too crazy on what everybody says…just watch what the CBI does. Watch what the ministry of Planning is doing and how they’re doing it.
1-20-2017 Intel/Newshound Guru Mnt Goat …the RV is pending due to having the needed security and stability and this “security” is the needed stability the CBI keeps talking about is the liberalization of Mosul and this “stability” in getting the banking sector up and running along with fighting corruption and money laundering. They are doing this in amazing speed with new regulations and internal and international standards. I hope that by now you all realize this is the goal and the way to get the RV. So the FACT is at some point they need an international currency once in article 8…they have already promised to abide by all the articles and conditions. They also do not yet have a global currency from the sense necessary for what we want. The IMF is closely working with Iraq to get them to the place they need to be to meet all these conditions of article 8. This movement to article 8 is dynamic and ongoing.
1-20-2017 Intel Guru Bruce Tuesday night we talked about is the plan for us to have this blessing prior or after the inauguration of President Trump. On Tuesday I told you I believed the intention was to have it prior…we still do not have the Go signal…I am not sure I can say it will happen prior to the Inauguration. Could something happen over night? It could be possible. Maybe all breaks loose with the release we are looking for…shortly after the swearing in of the new president. That would be wonderful. We are hearing also Iraq’s Prime Minister Abadi is in Iraq still and is sort of waiting for the announcement to come so that he can release the dinar internationally. It has been revalued in the country. I am excited where we... The timing is close. I believe everything is ready. Our time is coming shortly.
1-19-2017 ** Dinar Guru Community News ** I'm saddened to report the dinar community has lost another guru. Guru RCookie has passed at the age of 53. Whether you agreed with his thoughts on the dinar or not he brought passion and a unique perspective for us all to enjoy and debate. RCookie added much to the conversation. He will be missed dearly. Our thoughts and prayers are with his family. The latest guru posts will continue below...
1-19-2017 Intel Guru RayRen 98 WE ARE NOW UP TO 21 BANKS, 3 CREDIT UNIONS & 5 CURRENCY EXCHANGE DEALERS AND COUNTING...180 DEGREE CHANGE - THEY ARE NOW EXCHANGING THE IRAQI DINAR. FOR ALL INTENTS AND PURPOSES, INTERNATIONAL ACCEPTANCE IS UPON US!
1-19-2017 Intel Guru ADMINBILL I WOULD SAY THAT FRANK'S [GURU FRANK26] WINDOW IS VALID FOR A NUMBER OF REASONS. (20th of Jan. to the end of the 1st quarter) PRIMARILY THE FIRST QUARTER INCLUSION IN MY PERSPECTIVE WOULD INCLUDE THE PUBLIC PAYOUT WHICH ALLOWS THE VALUE OF EACH CURRENCY TO STABILIZE. [i see the can getting kicked down the road again...] FROM WHAT I HAVE BEEN TOLD OUR CAN WILL BE OPENED VERY SOON. IT IS MY IMPRESSION THAT THE GOAL IS TO HAVE THE MAJORITY OF CURRENCY EXCHANGED IN THE FIRST QUARTER. MANY COUNTRIES ARE INTRODUCING NEW CURRENCIES AND WOULD LIKE TO HAVE THE OLDER DENOMINATIONS BACK IN THEIR POSSESSION TO BE DESTROYED. I WOULD ASSUME THAT AT SOME TIME IN THE FUTURE THE OLD CURRENCY WILL NO LONGER BE ACCEPTED AND BECOME WALL PAPER.
1-19-2017 Newshound Guru Breitling So I back everything I say by numbers…When’s the starting point? The CBI doesn’t even know…Like I said it’s all market based…I have not lost any confidence at all. I’m just as confident as when I first got into it, in fact more so because remember when I first got into this we projected that based on the information we had at the time it was only going to go to .4 cents per dinar. That was it. Then the CBI, Ministry of Planning, the Minister of Finance…these guys changed their minds. It’s all there in black and white. Nothing’s changed. So you should be very very confident in the numbers. It’s not my opinion. My whole message is not about opinions. You can eliminate all opinions.
1-19-2017 Newshound Guru mike M0 money supply is my main sticking point to adding value to the dinar. I'm "all in" with the data from the CBI that relates to how much currency is out and I can't see a sudden rise in the dinar. Let's see what happens in the first or second quarter...
1-19-2017 Intel Guru Frank26 Iraq will be international...better yet Iraq is international...it is just that no one is doing any business with them right now...because they have a program rate because that would be illogical to do business with a program rate...in fact...Allak never said we are going to be international at a program rate...no...he said...we are going to be international and to lift the 000’s would definitely benefit us...he talked about adding value... ...on the CBI website...all in Arabic ...they are all sitting there with empty slots waiting to be filled in... [reference Guru Frank26 post 1-18-2017] [post 2 of 2]
1-19-2017 Intel Guru Frank26 ...I made a mistake...I told you that Abadi needs to be in-country for the RV to occur...my humblest apologies...Abadi does not have be in Iraq for the RV to occur... [Guru] DELTA...said that Abadi needs the Monetary Reform...the CBI needs the Monetary Reform...the GOI needs it...for their international credit...for their trust... They are working on a lot of laws...these laws are for the GOI...not for the CBI...the CBI has all the laws they need...we told you the CBI is sitting there waiting waiting for the GOI to pull the trigger...waiting for Abadi to point at the CBI whoever is in charge out there and pull the trigger...the CBI has all of their laws...in fact their laws are for international structure and standards...the CBI is ready. [post 1` of 2....stay tuned]
1-19-2017 Intel Guru ADMINBILL OTHER THAN A NEW START LET'S SEE WHAT FRIDAY BRINGS US. I CONTINUE TO HEAR GOOD INFORMATION THIS AFTERNOON [THURSDAY]...
1-18-2017 Intel/Newshound Guru Mnt Goat Article: "Anmguetrah announcement of the establishment of the Supreme Economic Council" Quote: "...It announced a number of business men and academics in the field of economics, Saturday, for a proposal for the formation of the Supreme Economic Council." wow! We have waited so long for this to happen, finally it is here.
1-18-2017 Newshound Guru Adam Montana ...I’m very upbeat about the Dinar right now. More so than I have been in quite some time! We have Budget activity that is more timely than at any point in recent history. We have major talks of buttoning up major aspects of the Infrastructure, which is key to this all coming together. We have open spots in Parliament that are slated for completion as soon as next week. And for the biggest, perhaps most exciting “clue” of the decade… Article: "Oil announces the completion of a draft oil and gas law and send it to the Secretariat of the Council of Ministers" We’ve got a few days or weeks, but things are MOVING in the right direction! This is a PERFECT time to make sure you've got your ducks in a row...and maybe even a "prep list" of things to be sure you have and ready to pack at a moment's notice! We are at a point where I feel a sense of urgency to get every last detail checked and fine tuned...BOY am I getting just a tad excited!
1-18-2017 Newshound Guru loop [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar...any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
1-18-2017 Newshound Guru Breitling ...With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
1-18-2017 Intel Guru Frank26 ...one of the things that [Guru] DELTA has been watching for a while...the Indicative Rate on the CBI website on the Arabic side...there is no program rate since January 4th...he said you do know there are a total of three places on the website where we follow the program rate...he said yeah since January 4th of this year they haven’t put up any rate whatsoever on one of the three, but last...Friday morning all three slots are empty...I said obviously IMO I think they are getting ready to put up a new rate and remove the program rate they have had as handcuffs for a long time...the CBI cannot have two exchange rates as ones posted on the CBI website...it is against the law...that is why I think they took the program rate off the other two slots and all three slots are empty and ready to be filled in...there is a rate IMO...that is coming.
1-18-2017 Intel/Newshound Guru Mnt Goat Many articles are most revealing and positive. We know fixing the security breach with ISIS was planned for completion at the end of 2016. It has not yet happened and so we wait. It is my firm opinion (and the information told to me by my CBI contact) that it is now all a matter of physical security and banking stability. Huge, huge worry about money laundering and what might happen if they don’t fix this situation prior to the RV. Have you not seen them working diligently and very hard in these two areas lately? Why do you think they are doing all these reforms?
1-18-2017 Newshound Guru Breitling The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
1-18-2017 Newshound Guru loop Article: "The central bank issued new instructions to regulate the process of selling the dollar" Quote: "...the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development..." "a knowledge of the ultimate beneficiary" The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
1-18-2017 Intel/Newshound Guru tman23 Article: "Central bank: deletion of zeros from the currency deferred for the time being" Deferred for the time being...When I read this... my first thought was... THEY ARE READY TO GO... To say deferred for the time being is NOT "Iraqi LINGO"....If he had a teleprompter I would say the UST was on the other end typing...I expect to see BIG NEWS at anytime and not thinking in terms of weeks.
1-18-2017 Newshound Guru loop [did the budget ever get in the gazette yet?] Yes. The Budget was published in the Gazette on Sunday.
1-18-2017 Intel Guru Bruce The flag ...the gift from China...in Mosul...is in a very special part of the city, it is flying...we are looking to get some type of acknowledgement of take back of Mosul and the new international rate for the Iraqi dinar. Is the rate in the budget? Yes. It is in the Gazette? Yes. Visible to us? No, still being kept from us. Just like Mosul. We are looking for that to be revealed. As far as Iraq concern, they have done all they were suppose to do. Everything is pointing to pre-Inauguration.
1-17-2017 Newshound Guru mike Article: "Iraq opens the door to possibilities deletion of zeros from the local currency" Quote: "...the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." ...the CBI is working towards adding value to the dinar...the CBI didn't specify a date, they're still waiting on appropriate conditions and they want to make sure all their T's are crossed and their I's are dotted before they start. I think it's pretty safe to say...that Iraq needs to do some things before the dinar will gain in value: 1) Get the MCP below 2% 2) Remove Exchange Restrictions 3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that's necessary to increase demand.
1-17-2017 Newshound Guru hutch ...we do have an idea of what is happening...if you look at their 5 yr plan that has been set out by shabibbi, saleh and abadi... they are sticking to it. And it is playing out. The LOI's, MOU's have it all set out as to what their goals are and how to achieve them. And its working.
1-17-2017 Newshound Guru wmawhite [...wouldn't reducing the note count to the point of a liquidity crisis force a rise in the value based on supply and demand once the Dinar is free to go up in value?] The note count has an effect in country, but only the CBI sets the value outside the country.
1-17-2017 Intel Guru ADMINBILL LIFT OFF IS IN SIGHT. AND IT COULD BE BEFORE THE INAUGURATION. NO PROMISES BUT THE LINES ARE BUZZING. REMEMBER, WE HAVE HEARD IT ALL BEFORE BUT THIS IS VERY WELL SOURCED. UPDATE INFORMATION: I just received a personal message and got permission to share with everyone: Tonight [Monday] brings excellent news with a possibility of an increase in value of all currencies between shortly before and shortly after the inauguration. This information is new tonight with multiple separate sources in agreement. ...it appears we are inching rapidly to the finish line.
1-17-2017 Newshound Guru mike Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "revealing that the deletion of zeros from the currency, deferred for the time being." The loose translation for defer is "to put off (an action or event) to a later time; postpone." And then he states: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He's telling us they don't have a date, they're just waiting for the right conditions to move forward. In order for a currency to have value it needs several things like political stability, free from conflict and a economy that produces and exports products to create demand for the currency...once they raise the value the prices will change, 10,000 dinars today will buy you five packs of smokes, 10,000 dinars after it rises to 1-1 will buy you a Toyota pickup.
1-17-2017 Intel/Newshound Guru Mnt Goat Where is Iraq in this process? There is absolutely nothing to indicate to us any hold up or delay in the EARLY 2017 process to move forward with the “project to delete the zeros”. There was one new article about the project to delete the zeros and I believe this one was totally misinterpreted by many... Article: "Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros postponed already many times, going forward" I believe it is actually just the opposite. It is all very good news... It is not saying the project to delete the zeros is postponed again. The postponement part in the headings is simply telling us they did postpone it already way back in 2015/early 2016 and we are still waiting for it and that they are just delaying it due to...do to...SECURITY, SECURITY and the need for more SECURITY. The CBI is basically telling us its coming and so just hang on.
1-17-2017 Newshound Guru wmawhite A change in the prices of goods; the prices are what determine the size of the notes. Lower the prices, remove the large notes. What will change the prices of the goods/ marketplace? A dramatic increase in the value of the currency that is importing the goods. General stability, security = FINANCIAL security, financial stability, not military security. Alak is a bank manger, not a military... Alak is saying today the market conditions are not correct for removing the large notes...and he does not have a date for that...he will not have an idea when until he raises the value and we know he is preparing to do that. Two different things...One is removing them physically to lower the note count....the second is removing them naturally because the prices have lowered due to a value change. The prices in the market place need to lower in order for the citizens to use smaller notes, thus no need for the larger notes. [post 2 of 2]
1-17-2017 Newshound Guru wmawhite Article: "The Central Bank Governor for "tomorrow": Iraqi dinar is not in danger and delete deferred zeros" Folks...each of us need to pay attention to exactly what is said. Alak was referring to the large notes, the removal of the large notes from the currency. That is NOT the same as increasing the value of the currency. They are two very different events. ...this is pertaining to the removal of the three zero notes from the marketplace/from the currency; "the Iraqi Central Bank did not specify a date for the "...deletion of zeros from the currency dinar," This Statement is not about the change in the value of currency. He is saying that the prices in the marketplace are not appropriate yet in order to remove the currency. So, what will change the marketplace? [post 1 of 2....stay tuned]
1-17-2017 Newshound Guru My Ladies ON FRIDAY THE CBI CAME OUT AND ANNOUNCED AN INTENDED DOLLAR BOND SALE AND THEY ALSO SAID THAT THEIR FINANCIAL SITUATION IS SAFE UNTIL 2021. THE IMF AGREED WITH THIS. ALSO LAST WEEK IRAQ SAID THIS COMING WEEK THEY WILL BE SELLING THE DOLLAR DIRECTLY ACROSS 5 BRANCHES FOR THE OFFICIAL RATE WHICH FURTHER PROVES THE STRENGTH OF THE DINAR AND THE CLOSING OF THE GAP BETWEEN OFFICIAL RATE AND MARKET RATE. IRAQ DOES NOT NEED TO CHANGE THEIR PRICE TO BECOME INTERNATIONAL AND THEY MAY BEGIN TO TRADE, BUT THEY WILL NOT EVER PUSH A BUTTON AND JUMP TO 3+ DOLLARS, THIS IS NOT HOW THING WORK... [post 2 of 2]
1-17-2017 Newshound Guru My Ladies IRAQ ANNOUNCED...THE DELAY OF THE DELETE THE ZEROS PROJECT... THE WHOLE REASON FOR THE DELETION WAS TO PRESERVE THE CURRENCY AND THE NEED IS NO LONGER PRESENT...OTHER COUNTRIES HAVE DELETED THE ZEROS, AND IT IS A MAJOR UNDERTAKING AND USUALLY FOLLOWED BY A DEVALUATION OF CURRENCY, THE DINAR IS STABLE IS AT THIS TIME. THE GAP BETWEEN THE OFFICIAL RATE AND THE BLACK MARKET RATE IS CLOSING. ...AT THIS TIME THE OFFICIAL RATE IS 1182 AGAINST THE DOLLAR AS OPPOSED TO 1300 AGAINST THE DOLLAR WHICH IS THE MARKET PRICE... [post 1 of 2....stay tuned]
1-17-2017 Newshound/Intel Guru BGG Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" [AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!...does this mean Mosul?] probably - (my take)...it really looks like control of Mosul (and liberation) seems to be some kind of criteria (set for them by someone else). however, there are numerous references to this happening soon. ...in my book - that doesn't negate any of the earlier CBI comments about the beginning of 2017 - sounds a bit like they may have had it planned for sometime before now and some calculus has put things off a bit...like Mosul? ...AND Alak makes no mention of "how long" it is "postponed" (or what their original intended start date might have been)... a day - a week - a month?? He's talking to a reporter. Could mean anything.
1-16-2017 Newshound Guru rcookie [Any comments on this article? "Governor of the Central Bank of Iraq on the Keywords Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros Postponed"] THIS ARTICLE IS AN AFFIRMATION OF EVERY STATEMENT MADE IN PAST CONCERNING IQD MARKET STABILITY AND DISPUTE OF DEGRADATION...REASSERTS THE FISCAL OPERATIONAL DISCIPLINES APPLIED BY THE CBI...AND ALSO RESTATES THERE IS NO DATE SET FOR THE DELETE ZEROES PROJECT (WHICH THEY WILL NEVER ANNOUNCE)...AND AWAITS THE APPROPRIATE MARKET CONDITIONS AND GENERAL STABILITY OF THE COUNTRY...ALL IN THE INTEREST AND SCOPE OF ASSURING THE SUCCESS OF THE PROGRAM...THEY HAVE THOROUGHLY PLANNED THIS PROGRAM OUT IN ALL OF ITS COMPLEX STAGES AND ACTIONS...AND ARE AWARE...CONFIDENT AND IN PURSUIT OF ATTAINING THE ACCEPTABLE WINDOW OF METRICS TO LAUNCH...SO TO ALLOW FOR MAXIMUM SUCCESS...NOT LEAVING ANYTHING TO CHANCE...
1-16-2017 Intel/Newshound Guru Mnt Goat Article quote: "Iraq announced today that it completed the process of fulfilling the commitment before the last to exit from under Chapter VII of the UN Security Council, stressing that it was left only has complete compensation file with Kuwait." We can see they are telling us that Iraq fully plans to pay off the remainder of the war reparations to Kuwait using these frozen assets now in foreign banks. Folks I have to say it again this is WOW! news, history being made right in front of our noses... If you were the CBI governor and you knew the sanctions could hold back a plan to launch the lower denoms and RV the currency and finally move forward with international trade and open global investment, then what would you do? They found a way to pay it off very early and are moving ahead of schedule on this event. They need to do this to align with the EARLY 2017 project to delete the zeros. I do not think they are going to let this opportunity slip by again.
1-16-2017 Newshound Guru loop IF YOU LOOK AT THE ACTUAL QUOTE FROM ALAK HE DOES NOT USE THE WORD POSTPONED (THE REPORTER'S INTRO DOES), WHICH WOULD INFER THAT A DATE HAD ALREADY BEEN SET AND KNOWN... TO MY KNOWLEDGE AN ACTUAL DATE HAS NEVER BEEN ANNOUNCED TO THE PUBLIC... I THINK WE WOULD ALL BE VERY AWARE OF IT IF ONE HAD BEEN MENTIONED... THE CLOSEST THING TO A DATE THAT ALAK HAS SAID WAS THAT IT WOULD START EARLY 2017... [post 2 of 2]
1-16-2017 Newshound Guru loop Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL. THEN THE REPORTER ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO! NO EARTH SHATTERING INFORMATION HERE. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru mike Kuwait never RV'd their currency, they just reinstated it after Saddam was pushed out by Bush Sr. There was no full page ad denying the possibility either... As a note, Kuwait reinstated their currency on March 24th, 1991 at a rate of $3.47 to $1. Prior to the invasion the rate for the KWD was $3.50 to $1.
1-16-2017 Newshound Guru Islandg1211 The good news is that the CBI continues to move forward. Last week, Iraq's banks got their IBAN international bank transfer number codes. That's great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate. Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable. Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV. [post 2 of 2]
1-16-2017 Newshound Guru Islandg1211 East Mosul is about 80% liberated. The rest of East Mosul shouldn't be a problem. At that point, Mosul would only be 50% liberated, while the other half would not even be staged. DONT BE CONFUSED BY ARTICLES STATING THAT THE "center of Mosul is secure," because it's only half of circle with the river cutting through it... WEST MOSUL IS A SEPARATE BATTLE. But, up to now, the Pentagon and the CBI have told us everything that they are doing, and right now they are looking at needing a few more months to get both Mosul and the RV done. I've always been of the opinion that the RV would happen in the month of April, so hopefully enough progress will be made by then. In any case, both ISIS and the sanctioned Dinar rate will be gone in 2017. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru My Ladies ...WHAT IS IBAN? IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE. FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER. NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY...MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”...
1-16-2017 Newshound Guru Islandg1211 Article: "CBI News Press: DELAY OF PROJECT TO DELETE THE THREE ZEROES" The acting Gov of the CBI announced today that he has to again delay the RV. Abadi had hoped to liberate Mosul in three months time, from October to Dec 31. Allak had also hoped to RV in the beginning of this year, after delaying it three times in previous years. Allak doesn't specifically state that he is waiting for ISIS to be gone, for he also has to get everything done for the monetary reform. So, it isn't clear what is delaying the RV. He states today that he isn't even projecting a date. (Also, he can't say.)
1-16-2017 Newshound Guru Kaperoni That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA. So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us. It will happen..because there can be no market economy without it. [post 2 of 2]
1-16-2017 Newshound Guru Kaperoni Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He stressed the central bank governor and the agency, the need to "ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion." I don't see anything bad in this at all. ...the CBI must create the conditions for the project to succeed. Time is not unlimited here...they need to get started before the market economy can launch. [post 1 of 2....stay tuned]
1-16-2017 Intel/Newshound Guru Mnt Goat Article: "The fight against terrorism: the coming hours we will liberate the financial district in Mosul" Quote: "Revealed the commander of the Second Special Operations in the counter - terrorism apparatus Maj . Gen. al - Saadi Maan that the next few hours will see the Emancipation Proclamation financial district..." What does “Emancipation Proclamation” mean? It means in ISIS/Daesh context - proclaimed the freedom of Iraqi people enslaved by ISIS and Daesh forces throughout Iraq. It says in the next few hours, not days or months. It will be formally announced by the prime minister and broadcast throughout Iraq. It will be the key announcement we have been waiting for. They have been telling us to look for this now since mid December and now it is coming very soon.
1-15-2017 Intel Guru Frank26 How long is it going to take before we see these numbers change...the IBAN it was set up on the 2nd...they have been doing international transactions since the 2nd...well maybe yes...maybe no…it is set up to do it as soon as they get a non-program rate...without sanctions ...that is the reason why IMO there is no rate on the CBI website...If they are at Article 8...if they have lifted the 000’s from their exchange rate...well then the sanctions from Chapter VII should be lifted by now...IMO they are about to change...they are about to lift the 000’s from their exchange rate...the CBI is...implementing what they told you and me and the international world at the start of 2017...they said they would trade internationally in the early part of 2017...and I see all of the equipment...I see all of the necessities...for them to do exactly that. [post 2 of 2]
1-15-2017 Intel Guru Frank26 ...Monetary Reform has reached the point where everybody has agreed with the numbers…to the point where the budget that contains the number has been approved and will be in the Gazette very soon. Do you know who else got...the LOI...the one the IMF got...the mother of all Central Banks...the Bank of International Settlements...the BIS...which is found in Switzerland...trust me they also got the report that Iraq is ready to lift the value of their currency in the beginning of 2017...so when the CBI website updates their new numbers the international world will also be able to see that they have changed their rate. [post 1 of 2....stay tuned]
1-15-2017 Newshound Guru Millionday Article: "Baghdad (IraqiNews.com) Iraq and the United States signed Thursday the guarantee for a US$1 billion loan to Iraq." Quote: "...undersecretary of Iraq’s finance ministry, Fadel Nabi, said the move “represents an initial step towards accessing world capital markets on a greater scale after legal requirements had been fulfilled and specific policies taken into consideration.” THIS IS TO ACCESS WORLD CAPITAL MARKETS...DEFINE WORLD CAPITAL MARKETS>>> The trading floor of the New York Stock Exchange, one of the largest secondary capital markets in the world. ... A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold. Capital markets are defined as markets in which money is provided for periods longer than a year.
1-15-2017 Intel/Newshound Guru Mnt Goat Article: "Private banks signed a memorandum of understanding with an international company for the exchange of banking experience" More MOUs... There would be absolutely NO reason to do all this training and transfer of banking knowledge (of this nature) if they did not intend to go international with their banking practices and just stay under a “closed” economy. The Iraqi banks are in the final days of preparation for the move to international currency...as my CBI contact has now informed me. This article is proof...
1-15-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [Does official rate mean the same thing as "program rate" or does this mean they would be giving us a new rate...?] It's talking about the current rate of 1184 plus a small percentage for the bank and not the overly inflated rate that the street vendors sell it for. IMO. This will serve two purposes. The most important one being it is a continuation of the state runs banks campaign [to] gain the trust in the banking sector by the citizens and the second side benefit will be that it will pull in more 3 zero notes instead of those notes continue to circulate on the streets or put back into mattresses.
1-15-22017 Newshound Guru rcookie Article: "The opening of the Media Network office in Mosul" IRAQI MEDIA NETWORK HEADQUARTERS OFFICE REOPENED IN DOWNTOWN MOSUL...AND...NEWS TODAY CONCERNING RATION CARD BENEFITS REACHING MOSUL AS WELL.
1-15-2017 Intel Guru Frank26 I feel they have dropped the 000’s from their exchange rate...but I feel they are hiding that process...or I feel they are within days of doing it...and they will hide that process...I believe their goal is to lift the 000’s in the Mookla of this year and hide the process...IMO I think we will see this sometime after the 20th...legally the country through the IMF cannot change its rate in the middle of a year...in the middle of a fiscal year...only at the beginning of a year...that is why the Mookla is so important. ...they sent the LOI [Letter of Intent] to the IMF and said hey GOI/CBI we are both ready to give the new rate at the beginning of 2017...that is why IMO there are no numbers at the CBI website... because the numbers in the month of January...the Mookla of 2017...those numbers have changed...and we haven’t seen any new numbers since the 4th...and only the IMF can send the new numbers through the CBI so the CBI can post it officially on their website. [post 2 of 2]
1-15-2017 Intel Guru Frank26 I want to tell you something Family...the things about Mosul...the things about the budget...the things about al-Baghdadi...the things about IBAN...the things about the Multiple-Currency Policy...the things about the auctions...all these things...I want you to know this is not a process anymore...I’ve always told you it was a progression...it is a process that is leading us in the direction of the Monetary Reform...but I am here to tell you IMO all of these things I just mentioned...it is no longer a process of events...it is an ending of events… [post 1 of 2....stay tuned]
1-14-2017 Newshound Guru hutch Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [What is the official rate is the million dollar question?] THE OFFICIAL RATE IS THE CURRENT RATE OF EXCHANGE AT THE TIME THE EXCHANGE IS BEING MADE.
1-14-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." THERE IS NO ...WAY THAT ANYONE SHOULD DRAW THAT CONCLUSION THAT THIS IS HINTING AT AN RV! THAT BEING SAID I AM SO EXCITED AND I JUST CAN'T HIDE IT!
1-14-2017 Newshound Guru rcookie Article: "Trade processing liberated areas of Mosul, the fourth batch of food items" Quote: "The Ministry of Commerce announced the processing of the liberated areas in the left coast of Mosul, the fourth installment of the ration card items (oil, sugar)." SO...THEY ARE PROCESSING RATION CARD ITEMS AND BENEFITS TO THE LIBERATED AREAS OF MOSUL...PEOPLE RETURNING HOME AND MORE BACK TO NORMAL ACTIVITIES.
1-14-2017 Newshound Guru American Contractor The senior ranking member of the Iraqi Economic and Investment Commission is a woman by the name of, Najiba Najib. She has full authority on matters related to the Iraqi dinar currency. This woman is single handedly responsible for halting the delete the zeros project in 2014. How influential is this woman? Najiba Najib is so powerful, that on any given day she could randomly announce “today we increase the value of the Iraqi dinar currency”. That’s the power Najib possesses. Currently, insider reports are leaking that there is much friction between Najiba and the Director of the CBI. The reason being is that Najib wants to delay the launch of deleting the zeros project that the Central Bank so adamantly wants. Najib is insisting that they wait until year 2018 or 2019.
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch They will be working with the IMF to be prepped for that because there is a monetary reform process and an economic reform process...the revaluation of their currency is part of the monetary reform...this will kick start the economic reform...that is the trigger mechanism, IOO. But they have other things they have to do for the economic reform to be successful...because if you don't have a sound economic environment this level of monetary reform is going to be difficult to support the valuation. Iraq has taken the position that they want their monetary reform to be successful and therefore their economic reform has to be successful as well. [post 2 of 2]
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch The only reason they have the imposed rate on their currency is not sanctions put on by the IMF...it is sanctions put on them by the UN under Chapter 7. The IMF is helping them get back on their feet as they transition into a market driven economy along with the rest of the world and that is the process that we have been watching. Once the UN removes Chapter 7 that means they also remove the sanctions that were imposed from Chapter 7 and that releases Iraq to reinstate/revalue their currency... [post 1 of 2....stay tuned]
1-14-2017 Intel Guru ADMINBILL START LOOKING FOR THE RV AFTER THE 20TH. MY PERSONAL OPINION IS THAT THOSE WITH THE AUTHORITY TO RELEASE THE RV/GVR FUNDS DO NOT TRUST THE CURRENT ADMINISTRATION TO ALLOW US TO BENEFIT AND WOULD RATHER ALLOW THE NEXT ADMINISTRATION TO MOVE FORWARD. I MAY BE WRONG AND WAS TOLD I AM BUT THAT IS MY OPINION. [I don't suppose you can say what changed to back away from this weekend being a big possibility anymore?] THERE IS ALWAYS THAT POSSIBILITY... [You said that was your feeling but some sources disagreed, do they still think it might pop sooner?] YES THEY DO AND I HOPE THEY ARE RIGHT AND I AM VERY WRONG.
1-13-2017 Newshound Guru loop Here are the regional players who are listed on Swifts.com IBAN Registry - Bahrain, Israel, Jordan, Kuwait, Lebanon, Qatar, Saudi Arabia, Turkey, United Arab Emirates. THe only two direct neighbors who are not listed are Iran, & Syria...Nordea.com...also has Egypt and Iran on their list for countries with IBAN numbers. According to the Nordea site IBANs are mandatory for all cross boarder payment for Bahrain, Israel, Jordan, Kuwait, Lebanon, Qatar, Saudi Arabia, Turkey, & United Arab Emirates. This makes Iraqs move to the IBAN even more interesting.
1-13-2017 Intel Guru Jester IT APPEARS THAT OTHER THINGS ARE IN THE WORKS... I AM TOLD THE BUDGET IN IRAQ IS PASSED... YOU DON'T SEE THAT ANYWHERE I FIND YET... WE'LL SEE...I AM TOLD ABADI IS COMING TO THE INAUGURATION AND HAS A MEETING SET UP WITH TRUMP... AGAIN, WE'LL SEE...I HAVE CONFIRMED THAT TRUMP DID INDEED INVITE HIM...
1-13-2017 Newshound Guru loop Article: "The Trasport Ministry is putting pressure on the Korean company constructing the port of FAW's breakwater barrier to finish the project." The Transport Ministry is willing to expedite the process from their end by removing administrative obstacles. The port of FAW has the potential of being a huge revenue generator once it is fully operational...they plan on being a gateway for import goods going to Europe via the "dry canal" (Railway System) that they are currently constructing.
1-13-2017 Newshound Guru rcookie Article: "Iranian company intends to invest an industrial city border..." [There is an amazing amount of news about people coming to Iraq, such ambassadors (Canada) and more companies (Russia).] AGREED....CANADA... RUSSIA...IRAN...JAPAN...AND THATS JUST TODAY...
1-13-2017 Newshound Guru Phillyman [new Guru] Article: "Parliament to raise its next Sunday" Quote: "Raised the Presidency of the Council of Representatives, on Thursday, its second session of the second legislative term of the third legislative year to next Sunday, while the meeting included a vote on the Supreme Judicial Council Act." ...they are done till Sunday and the only vote taken I could find was for the Judicial Council Act.
1-13-2017 Newshound Guru loop Article: "Warka Bank" .. Citizens lament the huge sums of money entered did not graduate" Quote: "The manipulation of banks and private civil entitlements of citizens, is extremely dangerous, the fact that those practices and behaviors cast negative impact on the citizen's confidence in the Iraqi banks in general, and especially the private banks." ...more proof that they a righting the ship and cleaning up the mess. People were not able to get the money out that they they deposited 7 years ago until just recently. Most likely they will be put under the tutelage of the Central Bank. ...Alak has said that the Central bank will make sure that the citizens will get there money back even if the CBI has to do it. Rebuilding the trust in the banking sector is paramount to the success of Iraq moving forward.
1-13-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq and Japan signed on Tuesday a memorandum of loan - related reconstruction of the electricity sector - the third phase." do you think they will need electricity to run those ATM machines, debit card swiping machines? Its not all just about those running those AC units. Did I mention computers for e-dinar banking also work off of electricity? ...Its all interconnected.
1-13-2017 Newshound Guru Adam Montana [When you read articles pertaining to the RV, what are some of the signs or tip offs that you see in an article that tells you something is going to happen? Also, is Iraq in another holding pattern now? I haven't heard much coming from the Parliament lately.] I don't actually look for "signs" or "tip offs", I pay more attention to patterns and "big picture". But regarding Parliament, I disagree there - I'm seeing a lot of good patterns continuing and also new ones emerging.
1-13-2017 Newshound Guru mike Article: "Deputy: Parliament on the verge of the task and the law of oil and gas in its priorities legislation" I don't believe we'll see an HCL until both the Kurds and Baghdad have new leadership. Barzani and his people are as dug in as the Shia that dominate Baghdad. The HCL will provide transparency to the people and the world and these guys aren't having any of that. It's going to take a seismic shift in the Iraqi political scene before that's going to happen.
1-12-2017 Newshound Guru Adam Montana [If Iraq is borrowing money, how can they afford to RV?] That's a non-question... a financial company is building a 20 million dollar structure across the street from one of my commercial properties. I am personal friends with the banker who handles their loan... they don't need a loan at all, they have at least 5x liquidity to cover the entire project. Why are they borrowing the money, then? Because that's what smart money does.
1-12-2017 Newshound Guru Kaperoni Article: "The Ministry of Planning is responsible for the implementation of private sector development strategy" Currency reform must be completed before any market economy can begin.
1-12-2017 Intel Guru Frank26 A beautiful thing happened at the CBI...early morning today. [reference Guru Delta post 1-12-2017]. If they have lifted the 3 zeros...then sanctions should have been lifted by now. I am also of the school of thought that it would be very embarrassing to come out with a program rate...especially if you lifted the 3 zeros...which means you’re in Article VIII ...but can only be defined IF Chapter VII was lifted – ONLY! As the international money comes into Iraq through IBAN...it will flood the country with currency.
1-12-2017 Intel/Newshound Guru Backdoc THE IMF STUDY CLEARLY STATES THAT YOU CAN'T CONVERT A DIGITAL CURRENCY TO A NON DIGITAL CURRENCY! THE NEW DIGITAL CURRENCIES WILL REPLACE THE OLD ONES NOT CONVERT! ...SO WE KNOW EXACTLY WHAT WE ARE LOOKING FOR, THE NEW DIGITAL DOLLAR SINCE WE ALL KNOW THE OLD DOLLAR AS IRAQ STATES IS NOT DIGITAL! THE TIMING IS NOT ABOUT THE BUDGET OR ANY OTHER THING IN IRAQ IN MY HUMBLE OPINION, IT IS ABOUT THE ARRIVAL OF THE NEW DOLLAR WHICH IS COMING THIS WEEKEND OR NEXT MOST LIKELY, IMO
1-12-2017 Intel/Newshound Guru Backdoc THE NEWLY ACQUIRED IBAN NUMBER IN IRAQ CAN NOW EFFECTIVELY MOVE FUNDS INTERNATIONALLY ON A DIGITAL PLATFORM IN SECONDS NOT WEEKS! REALIZE THIS IS ONLY A PART OF THE WHOLE SYSTEM THAT NEEDS TO BE ADMITTED BUT MORE WILL COME IN THE NEXT FEW DAYS I SUSPECT! ...YOU CAN'T SEE THE NEW ASSET-BACKED DINAR TO EXCHANGE UNTIL THERE IS A DIGITAL CURRENCY TO EXCHANGE TO PERIOD! THE POTENTIAL NOW EXISTS ONCE IRAQ'S COMPLAINT IS SATISFIED! WHAT COMPLAINT? ...THEY COMPLAINED ABOUT NOT BEING ABLE TO DISPOSE OF THE OLD DOLLAR BECAUSE THEY HAD TO WAIT UNTIL THE U.S. TREASURY ANNOUNCES THE NEW ONE! [post 1 of 2....stay tuned]
1-12-2017 Intel Guru ADMINBILL HEARING TONIGHT MAY BE IN THEY CARDS. REMEMBER, THE KEY WORD IS ALWAYS "MAY". KEEP YOU FINGERS AND TOES CROSSED.
1-12-2017 Intel Guru Delta ...IT LOOKS LIKE THE RATE ON THE SPREADSHEET OF CBI IS GONE NOW ALSO...SINCE THE START OF 2017...NEW RATE IS COMING!!! CAN I SAY BINGO!!!
1-12-2017 Intel Guru RayRen98 [After the Budget is released to public to see will that have 1] new rate ...2] or do you think it will be after January 20th when Abadi comes to the Inauguration of President Donald Trump?] That’s what we are being told, that it will be in this Budget. I don’t think it will wait until after the Inauguration, because of everything that has taken place, but if so, so be it. It’s not that long away, after all! [Is the Budget in the Gazette?] The Budget is not in today’s Gazette, but there is an expectation of seeing in Sunday’s Gazette. WE wait to see what happens next.
1-12-2017 Newshound Guru Adam Montana [Who is going to give in first on the HCL issues. From what Im understanding the whole HCL thing is just a matter of the percentage of the budget.] "Who" is going to give in first? That's a question that just makes me GIDDY with joy, because nobody has to "give" in at this point... they are truly at a place where everyone is moving forward, everyone is winning, and things are just going great for us! I can almost envision a red carpet rolling out in front of us (and them) on the current path. Something REALLY bad will have to happen to change that.
1-12-2017 Intel/Newshound Guru Mnt Goat "President Fouad Massoum on "financial budget law to 2017", has approved the federal budget of the Republic of Iraq for the fiscal year 2017 ″, noting" that it was sent for publication in the Official Gazette ". ...this will not mean an automatic RV, nor that the “RV new rate” will be written in the budget for us to see.
1-12-2017 Newshound/Intel Guru Arthur On the security front, we see massive progress to the point where many believe the final liberation flag could be flying over the center of Mosul as early as end of this week. We also know that just days ago PM Abadi closed the boarder with Iran and issued a blackout. When we consider that the UN/CBI has not updated on their usual schedules, and that we are now being told that many bankers are seeing blank rates on their screens with only an 800 number for further information, and that just days ago the Electricity Minister of Iran postponed the signing of further contracts with Iraq until as he said "the new exchange rates are taken into consideration," and that the Iraqi 2017 budget has been signed with a 7 day constitutional deadline for entry into the Official Gazette, as we are just days away from the inauguration of new American leadership, we now have a perfect storm to finally see this blessing ANY DAY NOW IMHO.
1-12-2017 Newshound Guru Adam Montana I believe the HCL is closely tied to many things, which is why it couldn't be passed successfully in the past. Too many things are intertwined into it! This is not a "magic wand" situation... Many many factors are part of this complex process, and every time we see a positive article from Iraq regarding utilities, trade, government, and a slew of other elements have to come into place for Iraq to RV. They could just RV today, but without a little more stability in their infrastructure, the value could easily crash before we even get to cash in... nobody wants that! So as intelligent and (sometimes) patient investors, we continue to watch and root for Iraq. Our patience will be rewarded. It's just a matter of time.
1-11-2017 Intel Guru Delta ...on the 8th...the CBI sending message to all money changers...the CBI will no longer be involved with the auctions – The CBI is handing off the auctions to the banks – (as it should be). With the IBAN System...money will be able to move in and outside of country... The exchange rate has NOT changed on the CBI website yet...but the CBI’s website still shows January 4, 2017. Only one thing left...the dinar has to change...and that announcement has to come from the CBI. Looks like they’ve got the GREEN-LIGHT! ...the only thing left is to raise the value...The CBI has to make their move... release the lower denominations. From now until Thursday is going to be interesting.
1-11-2017 Newshound/Intel Guru Arthur Two days ago we saw a CBI announcement calling for the "conversion" of what they call "uncles" which we have translated to mean the large notes held in Iraq and perhaps even globally. We then saw them transport a large amount of money to their largest bank which they say ended their over 2 year long severe liquidity crisis and IMO will facilitate this massive conversion from the aforementioned "uncles" to their lower denominations thus beginning the delete zero project on schedule in "early 2017". [post 2 of 2]
1-11-2017 Newshound/Intel Guru Arthur ...we see several key progressive movements over just the past few days that give rise to much excitement and anticipation. Iraq's IBAN (International Bank Account Number) that every country needs to conduct international banking and commerce that was set up in December went into full effect on January 2nd giving Iraq the ability to do banking and commerce with the international community. [post 1 of 2....stay tuned]
1-11-2017 Newshound Guru Stryker It's just a matter of days and we will know if the new rate is in this years budget.
1-11-2017 Newshound Guru Adam Montana 2016 is in the rearview mirror. Upwards and onwards! A lot of things took place towards the end of last year (just a few weeks ago...!), and Parliament is kicking the year off with a lot of forward progress. ...my current optimism has to do with how I see the tortoise gaining on the hare in this race, slowly but definitely steady. In fact, the Budget may already be ratified and sent to the Gazette according to this article, and that is probably the SOONEST they have EVER got this done! Article: "Masum Approves The budget For Fiscal 2017 Act And Sends It To The Official Gazette For Publication!" That, my friends, is real hardcore reason to be positive about the immediate future!
1-11-2017 Newshound Guru Kaperoni Article: "Iraq is approaching exit from Chapter VII" Quote: "In the case of Iraq out of Chapter VII, it could recover the frozen his assets in foreign banks by $ 50 billion estimated roughly, as well as in the Development Fund for Iraq, which also will be able to his money management without international tutelage, and will allow him re-assume its place on the scene international, as a member of an active and influential in them." This is why Iraq is not worried about its reserves. The day the UN votes to officially remove them from VII, Iraq will go get the $50 billion and anything left in the DFI. Iraq's reserves could skyrocket to $90 billion or more in very short order.
1-11-2017 Newshound Guru mike "Central Bank supports the international mathematical figure the "IBAN" It will ...provide transparency for the Iraqi banking system. This is part of what the US Treasury is doing in Baghdad, it will greatly reduce the funding for terrorism.
1-11-2017 Intel Guru Frank26 We’ve been looking for the security of Mosul. The stability/security of Mosul is most importance. 72, 72, 72 [hours]...I don’t care how many more Abadi wants...let him have them. The CBI needs to feel confident to release the rate. IMO – Mosul security/stability and the MR are tied together...but not necessarily the KEY to the MR. IMO – Baghdadi is. In the Middle East...they always take things down to the last nanosecond. We are on course.
1-11-2017 Newshound Guru loop Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" IMO it is another part of the deletion of the zeros process falling into place. They will be able to track where all the money goes on an international level, which will ensure that the funds do not go to anyone on the blacklist.
1-11-2017 Intel Guru Bruce We understand tomorrow [Wednesday] everything will be in the budget. That is the information about Iraqi bills that were passed, all these laws, all should be put in the Gazette in the morning. The rate value of the Iraqi dinar should be in the budget and seen in the Gazette tomorrow [Wednesday]. Mosul has been liberated for some time now. That flag we understand that has been flying in Mosul...The knowledge in the news has not come out. I believe we are in a moment and moment and ready for a blessing to come in very shortly. I have been in this for 12 years and didn’t think it take this long to get this far. Even so, I am very encouraged where we are right now. Everything is moving in that correct direction for us. We are highly anticipating something happening. We are getting to the very end of this ride.
1-11-2017 Intel Guru ADMINBILL Can't hold this up as it is done and the thing we are waiting on is the final steps to line up all the countries to the asset back Gold Standard. A contact said Jabbari is ecstatic and the contact said yesterday this is imminent... In all likelihood we will see activity sooner rather than later...Perhaps before the Inauguration. It may not be tomorrow or the next but we are closer than a Louisiana frog's hair...IMO.
1-11-2017 Newshound Guru rcookie Article: "UN calls for "real" investment opportunities in Basra." SO...THE NEW UN SECRETARY GENERAL GUTTERS TOWARD ADVANCING ECONOMIC INVESTMENT OPPORTUNITIES IN BASRA AND OPENING THE PRIVATE SECTOR SPACE TO DRIVE THE IRAQI ECONOMY BY CREATING REAL OPPORTUNITIES OF ATTRACTING COMPANIES AND CAPITAL TO BASRA...AND WILL BE SPONSORING A GLOBAL ECONOMIC CONFERENCE AND THE FEDERAL GOV'T COMMITMENT TO ACTIVATE AND SUPPORT THE PRIVATE SECTOR AND GUARANTEE PENSION RIGHTS FOR WORKS TO PROMOTE CONFIDENCE WHILST PROVIDING EMPLOYMENT OPPORTUNITIES FOR YOUNG PEOPLE OF THE PROVINCE... THEY ARE ATTACKING THEIR UNEMPLOYMENT AND POVERTY LEVEL ISSUES ON THE WORLD STAGE WITH GLOBAL AGENCY SUPPORT...
1-10-2017 Newshound Guru rcookie Article: "Urgent infallible approve the 2017 budget law" Quote: "...initiated this law in order to approve the general budget of the Federal Republic of Iraq for the fiscal year 2017," referring to the "sent for publication in the Official Gazette." 2017 BUDGET LAW GOING INTO GAZETTE...
1-10-2017 Newshound Guru Kaperoni "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Spectacular news! ...its important for the transfer of funds to and from Iraq. A step closer.
1-10-2017 Intel Guru Frank26 There was an issue that occurred...which they told us about in December. Accepted...and now implemented on the 2nd of January. The IBAN...The CBI supports the INTERNATIONAL process...IBAN allows a bank to do transactions with another bank in another country... INTERNATIONAL transactions! Currently Iraq is under sanctions ...so why would IBAN waste their time with Iraq if they didn’t plan to be INTERNATIONAL? Why are we excited? IBAN gives international banking account numbers. IBAN cannot be used with a PROGRAM RATE! The software in IBAN is only for INTERNATIONAL TRANSACTIONS...they are telling you something without showing you the rate...YET! How is Iraq using IBAN with a program rate? There is NO RATE on the CBI website...
1-10-2017 Intel Guru Bluwolf GOOD BYE, FAREWELL, ADIOS...what was far fetched for many now will be a reality...we await the FINAL go (within hours according to sources)...this is the year of jubilee, abundance, peace, truth and freedom in all levels. I want to thank you for riding through this storm with me...Happy New Year and Happy Journeys, Na'maste Bluwolf.
1-10-2017 Intel Guru RayRen98 Mosul is reportedly at 80 percent in the west [east??]. Parliament is looking for the remaining ministers to be resolved. On Iraqi TV, the budget has been approved and on the way to the Gazette (again). Claims that it will be opened to the whole world. I am still being told to look for a new rate when the full budget is released. Time Will Tell. The CBI site remains unchanged for several days now. Hmmmmm?
1-10-2017 Newshound/Intel Guru BGG ...article about the greatly tightened border scrutiny of borders and ports with respect to currency moving out of their borders...I think a lot of people missed that one about the borders last week...it was much bigger than the 'airplay' it got...shows a serious 'sensitivity' to currency moving outside the borders in an uncontrolled manner. Which begs the question - why? In conrast - the US doesn't worry too much about currency moving around... why is Iraq's 'currency sensitivity' so heightened right now? the answer is easy - they've already told us.
1-10-2017 Newshound Guru Enorrste "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Here is what IBAN means: "The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors." Therefore, this is a major step in prepaing to go international with the dinar. By accepting the IBAN system they are saying that the rest of the world can access Iraqi bank account information if necessary. This is a huge opening and will prepare the way for entry into Article VIII and international trading of the dinar, in my view.
1-10-2017 Newshound Guru Mailman17 NOW, WITH THAT SAID, ADD IN THE OTHERS, ESPECIALLY THE NATURAL GAS. THIS IS WHY THE WORLD BANK IS THINKING IRAQ WILL BE ONE OF THE TOP 5 RICHEST NATIONS IN THE WORLD. IF THAT DOESNT QUALIFY THEM TO BE A RESERVE CURRENCY, I DONT KNOW WHAT DOES. BUT TO BECOME THAT, THEY NEED STABILITY. AND THAT IS WHAT THEY ARE WORKING ON. WHEN IT COMES DOWN, THE DINAR WILL BECOME WHAT IT WAS INTENDED TO BE. AND LETS FACE IT, THE US DOLLAR IS OVER PRINTED IN THE MARKET, YET IT REMAINS A RESERVE. FOOD FOR THOUGHT AND AS ALWAYS...JMO. [post 2 of 2]
1-10-2017 Newshound Guru Mailman17 LETS FORGET ONE SECOND ABOUT IRAQS GOLD, NATURAL GAS AND OILS. ALBEIT THOSE ARE VERY IMPORTANT RESOURCES TO HAVE AND THEY HAVE PLENTY OF IT. THE PROBLEM I HAVE IS THAT MANY FORGET THE PAST NEWS REGARDING IRAQ. PHOSPHORUS IS AN ELEMENT USED IN MAKING MANY THINGS, PARTICULARLY STEEL PRODUCTS AND MOST IMPORTANTLY MEDICINE. AS REPORTED YEARS AGO...THE WORLDS SUPPLY OF THIS VERY IMPORTANT ASSET/COMMODITY/MATERIAL WAS AT A LOW OF 15%. IRAQS PHOSPHORUS RESERVE IS ENOUGH TO BRING THAT NUMBER UP 10 100%. IF IT IS THAT IMPORTANT, THAN THE OTHER ASSETS THEY POSSESS ARE ICING ON THE CAKE. [post 1 of 2....stay tuned]
1-10-2017 Intel Guru Frank26 There seems to be an EXCITEMENT for the new President coming in...and the old one leaving. We’ve certainly had our days of delays with Obama and Maliki. It’s time to move forward. We feel in our hearts that there is a plan... Abadi will be in DC around the 20th for Trumps inauguration. Abadi is NOT just coming for the inauguration. I think Abadi will stick around for 3-4 days...media will be shut-out. These meetings will have a lot to do with the fuse being lit. Again, I don’t know the date. I don’t look for a date...I don’t care if it goes into February / March. Oh dear...Frank said Feb/Mar... The RV can happen at any date. There is no date. Iraq is a sovereign country. BTW – the USA does not believe in giving any country (that is working on their MR) a billion dollar loan if they are not interested in increasing the value of their currency...or doing a LOP.
1-10-2917 Newshound/Intel Guru BGG Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" That is big news... Their IBAN 'unification' is a very big move...looks like we could see the start of international "re-integration" soon.
1-10-2017 Newshound Guru rcookie GOT A WHOPPER FOR YA. Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" Quote: "...introducing the international bank account number (IBAN) system in Iraq." THIS IS BIG NEWS BECAUSE IBAN HAS BEEN PART OF THEIR WORKING BANKING SUPERVISION FOR MANY LOI'S FROM THE IMF...AND TODAY... BOULYAAAH! ABSOLUTELY ... HUGE!
1-10-2017 Intel/Newshound Guru Mnt Goat [What is the next phase you keep mentioning? to me it is either going to happen or it's not.] It is not all about some magical date when someone pulls a trigger and ...wamo its all better and everyone is filthy rich! NOT! But instead the “project to delete” the zeros has many components to implement and like Dr Shabiib had told us in 2011 that the effort is a multi-year, a 5 year effort. Then they told us again in early 2015 that it was a 2 year effort, (meaning three years had passed and two more remained). Then in late 2015 they told us 1 more year remained (meaning 4 years had passed and 1 more year remained), and we should look for it in early 2017.
1-9-2017 Newshound/Intel Guru BGG [..."re-integration." Is that the same as revalue...are we still believing that they will revalue around .90 equal to 1 dinar to begin with?] That's not exactly the same..."re-integration" is more like a term the international community is using to describe this move to "re-engage" Iraq with the rest of the world economically. It is likely sometime around the same time they will start the project to "Remove the 3 Zero notes" as they have outlined over and over...the beginning stages of this "project" will likely include some change in the value of the Dinar. This is the stage most here are after - but there is much more to follow as well. It get more and more exciting by the day.
1-9-2017 Newshound Guru Mailman17 WE ARE NOBODY IN THE GRAND SCHEME OF THINGS. THE AVERAGE IRAQI HAS SQUAT IN DINAR. AND IF YOU DO, YOU WILL BE DEALT WITH AN OPTION BY THE BANKS IN IRAQ TO COMPLY TO THEIR RULES WHEN DEPOSITING. AS FAR AS WE ARE CONCERENED, WE TOO WIL BE DEALT WITH FAIRLY, WITH THE BANKS MOST LIKELY TURNING OVER OUR DEPOSIT FOR CREDIT AND OUR MEASLY DINAR GOING INTO THE U.S. FOREIGN CURRENCY RESERVE. THE AMOUNT OF DINAR OUTSIDE IRAQ HAS BEEN FIGURED IN AND IRAQ WILL BE FINE COVERING IT AS IT WILL BE A VIABLE RESERVE USED BY OTHER COUNTRIES. ...LETS SEE WHAT TRANSPIRES. THE END OF THIS RIDE IS ALMOST OVER. AS ALWAYS...JMO AND IN REGARDS TO IRAQS STATED FINACIALS...LOOK IN THE PAST...ITS THERE...THEIR FINE. [post 2 of 2]
1-9-2017 Newshound Guru Mailman17 THE IRAQI DINAR HAS AND ALWAYS WAS SET UP TO BE A RESERVE CURRENCY. THE U.S. BRITAIN AND THE PARIS CLUB NOT TO MENTION IRAQS NEIGHBORS CAN ONLY BENEFIT BY HOLDING THE DINAR AS A RESERVE. THE MERE FACT THE U.S. DOLLAR IS STILL CONSIDERED A RESERVE CURRENCY IS MIND BOGGLING...YOU ADD IT UP. IF YOU BELIEVE THEIR M0 OR M2 IS THAT HIGH OUTSIDE IRAQ WITHOUT FATORING IN THAT MOST LIKELY 80% OF THAT NUMBER IS HELD BY FOREIGN GOVTS, THEN YOU GOT A SCREW LOOSE. THEY HAVE BEEN CAUGHT NUMEROUS TIMES WITH 2 SETS OF BOOKS. WHEN ADDING UP IRAQS M0 AND M2 FIGURE IN VIRTUAL CURRENCY AS WELL...NUMBERS ON A BOOK, NOT ACTUAL PHYSICAL CURRENCY. THIS IS AND ALWAYS WAS WAY MORE THAN WE COULD IMAGINE REGARDING PAYOUT. [post 1 of 2....stay tuned]
1-9-2017 Newshound/Intel Guru Bluedog STILL WAITING FOR THE GUARD TO CHANGE IN WASHINGTON, AS I HAVE BELIEVED SINCE NOVEMBER LAST YEAR AND ITS COMING...THERE AFTER...WATCH WHAT HAPPENS IMO. IMO NOTHING TILL AFTER THE 20TH AND THEN, WELL CBI HAS THAT DATE...THEY ARE A SOVERIGN COUNTRY AND THE WORLD REVOVLES AROUND IRAQS MOVE. IT WAS PLANNED...ALL OTHERS CAN LINE UP AND GET INTO POSITION BUT WE ALL KNOW IT'S A PLANNED EVENT FROM YEARS AGO...IMO.
1-9-2017 Newshound Guru Shredd Article: "Central Iraq" supports the currency delete the "zeros" dinar" Great to see this is still on track. The initial steps could be very telling as to what we can expect.
1-9-2017 Intel Guru Frank26 Quotes from articles: "Central Bank: the deletion of zeros in early 2017" "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017..." "He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." "Start procedures to delete three zeros from the currency in 2017" ...their goal is to do this at the start of 2017 not later. I think around the first of June where they came out and said we are going to cancel all of this...but I tell you what...we are going to do this in the early part of 2017...we will pick up right where we left off...there were a lot of reasons...the Stability and Security of our country is horrible...we’ve been invaded by DAASH...and here is another thing...and this is the profound part...legally we can’t raise the value of our currency in the middle of a year...we will do it at the early part of 2017"
1-9-2017 Newshound Guru MadDScout My anticipation is with what parliament does on its session to come...This one is chock ful...And this one is Abadi's chance to redeem himself to parliament according to reports... Ministers...3 at the moment...Interior, defense and, finance?
1-9-2017 Newshound Guru tlm724 Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...the CBI has given us ample information yearly about the project. First they say we have a green light and then they recant saying "we aren't quite ready yet" because it was true, they weren't ready. I am excited for 2017 and all the promise it holds. We are fortunate enough to be able to read and study daily and with a little discernment we do get a pretty good picture as to what Iraq is doing. We know they have and are taking the steps outlined by the CBI to get this project launched once and for all. Parliament is supposed to resume their sessions on Jan 10th or there about. We need to see a few laws revised and implemented to insure a smooth transition to a free market economy and more importantly we need to see the economic laws to protect their wealth. You know just as well as I do that the IMF, the World Bank and the US Treasury have their hands in Iraq's piggy bank and they aren't going to let Iraq slip with this, there is too much at stake.
1-9-2017 Newshound/Intel Guru BGG [Guru] RCookie was talking about...a very interesting article...RCookie's article spoke to the border crossing thrust to regulate "currency smuggling" - my take? IMHO - they don't want "unauthorized" currency transfers OUTSIDE the country... ask yourself why? [they are getting ready to revalue their currency?] They have pretty much told us so... in a number of different ways. ...I am suspicious the "outside" number is the one they are most concerned with. Why would they tell us? Because they don't care if you know...they aren't talking to you and I...AND Shabibi did say - they would tell (educate) their people leading up to this event/start of "the project"...
1-8-2017 Intel Guru RayRen98 It is being communicated to look for the Budget to be published in the Gazette in "the coming days." The Iraqi TV is reporting an upcoming realization or turn-of-events in Mosul on Sunday. I am now up to 13 US banks, 1 credit union and four currency exchange companies openly accepting the Iraqi Dinar, just like any other internationally accepted currency. There are probably more out there, I'm just sharing what is being reported to me...
1-8-2017 Newshound Guru loop Article: "Detection Network visit smart cards finance seized 1.5 billion dinars" Quote: "...in coordination with the competent authorities have been caught on one of the gang members and the introduction of appropriate officials to justice and to take necessary legal action against the defaulters." Crime does not pay in Iraq anymore. It has become very apparent that the GOI has implemented strategies to stop the corruption and bring the perpetrators to justice. We see articles almost everyday that is showing this.
1-8-2017 Intel Guru ADMINBILL There is and has been very real and positive movement over the last week that is an indicator to me and others that the RV/GCR project is nearing a level of activity we have not seen in the past. This week is likely to see more and more exciting news as we march to the conclusion with positive motion in Iraq, Vietnam and other countries that we have become familiar with over the years. This is not a guarantee the event will be completed before the inauguration of President Elect Trump...because we do not know what the actual timing of this event is to this day.
1-8-2017 Newshound Guru rcookie Article quote: "Jordanian-Iraqi Business Forum will be held on the sidelines of the expanded meeting on Monday to discuss possibilities of strengthening economic cooperation and joint ventures." SO ABADI MET WITH EROGAN FROM TURKEY YESTERDAY...AND HAS JORDAN PM TOMORROW WITH AN ECONOMIC AGENDA...
1-7-2017 Newshound Guru mike Iraq is, if I'm a betting man, about 50 years from even being considered a reserve currency. Iraq's position is also different because the majority of their income is derived from petro dollars. These dollars are used to purchase dinars from the CBI by the MoF and used to pay their bills and salaries. Any left over is absorbed by the CBI and become reserves. That's been Iraq's problem now for two years, they're spending more than they make and the reserves are cannabalized because of it. There are countries around Iraq...Kuwait, Saudi Arabia, Qatar and Jordan...who've had active economies and stable governments for years and they're not even sniffing reserve currency status. [post 2 of 2]
1-7-2017 Newshound Guru mike Iraq can't use the dinar as a reserve currency. There are only six or so reserve currency's in the world, the US dollar, Euro, Pound Sterling etc. The definition of a reserve currency is: A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency. Moving to Article VIII doesn't qualify a currency to be considered a reserve currency, it takes a large economy combined with a stable government who has a proven economic history of stability as well. [post 1 of 2....stay tuned]
1-7-2017 Newshound Guru rcookie Article: "Part of the delegation to meet with the Japanese Ambassador Wasit Fumio Iwai" Quote: "Wasit invites Japanese companies to invest in them like CHINESE and Russian" ...THE IRAQIS HAVE DONE THE 1ST PART AND THAT IS TO ATTRACT THE INTEREST AND PROMOTE THE POTENTIAL FOR DIRECT FOREIGN INVESTMENT IN THEIR COUNTRY...AND ADDRESSING ANY LEGISLATIVE OBSTACLES FOR DFI TO THRIVE IN THEIR NW OPEN MARKET ECONOMY...WHICH ARE INCLUDED IN THE ECONOMIC & FINANCIAL LAWS WE ARE WAITING ON...CUED UP IN PARLIAMENT...
1-7-2017 Intel Guru ADMINBILL We had some interesting a information yesterday that led us to believe that this weekend has great potential for us to move forward in a post RV environment. So far we are still hanging through the weekend with great hope.
1-7-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to support the dinar and the strengthening of its purchasing power" Quote: "Economic academic Dr. Essam Mahouelle called year 2017 to be the year to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict the foreign business dealings in dollars." they are telling us they need to prevent altogether the demand for the US dollar for ANY REASON WHATSOEVER. Can is get any clearer than this. They want to operate under the dinar and not the dollar.
1-6-2017 Intel Guru RayRen98 There is no intel apart from 12 banks, three exchange centers and one credit union now on board with dinar. The Iraqi Budget is still not in the Gazette... It’s done over there, we are just looking for the full release of the revaluation. Even they (Iraqi contacts) are saying they don’t know why it hasn’t been released to the public, including the Gazette.
1-6-2017 Newshound Guru Kaperoni ...the dinar won't go to a dime overnight. It will rise gradually and thus the CBI can reduce the money supply from trillions to billions simultaneously.
1-6-2017 Newshound Guru mike As it stands today, Iraq has, for arguments sake, somewhere between 40 and 60 trillion dinars on M0. At 1184-1, that's roughly $40 to $50 billion dollars of currency. At 1184-1, that's 100% coverage with Iraqs current reserves. However if you raise the value of the dinar to, let's say, a dime, now you have that same $40-$50 billion in reserves covering $6 trillion dollars. That's not enough. ...1184 and a slow rise up. How long that takes is anyone's guess, but, in my opinion, it won't happen quickly. I mean, how could it? The money supply is the problem, when Iraq moves to Article VIII they'll still have the same 40-60 trillion out. The first thing we need to know is, what's M0 money supply? The definition varies slighly, but it boils down to how much money is available in an economy, or, currency in circulation and demand deposits. This is the grease for any economy, it's what you and I have in our wallets and checking accounts. So, where do we get these figures? I got them from the Central Bank of Iraq... This tells me that Iraq has slightly more than 60 trillion dinars in circulation.
1-6-2017 Intel/Newshound Guru Mnt Goat ...parliament is coming back into session tomorrow and they told us they now have 30+ laws waiting for a final vote. These laws impact all aspects of the economy, judicial system and the fight against corruption and terrorism. They also keep emphasis in the Reconciliation law and its impact. So we know this is VERY important to Iraq too. Many of these new laws waiting in the wings for a parliamentary vote are linked to this reconciliation effort and must coincide to make it successful. So it is all going to come together real soon.
1-6-2017 Intel Guru Dr. Clarke We wanted to give you a quick update...We don't feel that this weekend of the 7th-9th, will produce, what you all are looking for. Quite a bit has changed over the past few days, significantly. About 2016: The last 2 weeks of December 2016 did produce public funding outside the country of Iraq, with a handful of notable, credible banks newly trading & exchanging the Dinar - which is really Big...but without a substantially increased rate, unfortunately...Yet. ...we've come to understand now, just how deeply hidden some of the True facts are...and the increasing falsity of especially All PUBLIC MEDIA, such as News Articles, Television reports, Public Statements and more...of which NONE can be trusted... In our...opinion, as of right now, ANYTHING can happen... So, we're done with this portion of information, because our work here now, is finished. We could throw some dates out there that we feel are significant, but we're not going to do that. So, we'll leave you with this...remember awhile back when we mentioned April? Keep a Smile on your face, and know it could happen at any Moment...
1-6-2017 Intel Guru ADMINBILL THE NEWS TONIGHT [THURSDAY] IS VERY STRANGE BUT ALSO VERY COMFORTING. BY STRANGE I MEAN UNEXPECTED BUT POSITIVE. IT DEALS WITH PERSONAL BUSINESS SO I DO NOT WANT TO DISCUSS IT BUT I AM MORE EXCITED ABOUT OUR PROSPECTS THIS MONTH THAN EVER. ...THE INFORMATION COMING IN FROM BANKING SOURCES IS A STRONG INDICATOR THAT THEY ARE EXPECTING, NOT ANTICIPATING, ACTION SOON. WILL IT BE THIS WEEK OR POST INAUGURATION IS ANYONES GUESS.
1-6-2017 Newshound/Intel Guru BGG ...everyone (me included) has operated under this premise that "they" wouldn't tell us...like it's some big secret... "the WHALES would sweep in and buy up Iraq for pennies on the dollar"...WHO WOULD THE WHALES BUY IT FROM? the amount of Dinar in circulation outside of Iraq is a set number - they could care less who owns it...me - you - the guy down the street... it's all the same to them. ...these articles they are printing are for their own people and their own purposes. Nothing to do with us... we are actually the little fish in this whole play. ...the currency "re-integration" is NOT THE BIG PLAY HERE. Big time traders will make money on this the same way they always do - by trading once this new market goes digital and is accessible...and the big play is the "wall of investment capital" Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy - THIS IS THE REAL PLAY. [The first few days on the ISX after their currency is international is going to be facinating.] Could be the biggest single movement in this whole happening.
1-6-2017 Intel Guru Frank26 ...not to see the budget on the 31st was disappointing to me ...but now...I understand why...executive orders...it’s ok. I’m very glad that they didn’t open it up with a program rate – a program rate would have been an insult. They are INTERNATIONAL...and now they need to act like it with their currency.
1-5-2017 Newshound Guru Enorrste Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...regarding those factors that affect the value of a currency, the biggest item was left out of that article: reserves. Iraq has over 100% coverage of its currency in reserves, or nearly so, and this is head and shoulders above any other currency in the world. It is because of this that Saleh could say, years ago, that the dinar would become a world reserve currency itself. By making this statement he was clearly indicating that the dinar would be strong BECAUSE of its reserve position. ...I will restate my position from the past, I believe that the strength of the dinar, on the one hand, and the fact that this is a unique opportunity, on the other hand, will cause the value of the dinar to rise rapidly, irrespective of Iraq's current economic position and security situation. The simple fact is that this will be a huge buying opportunity (similar to buying Google or Facebook) when it comes to the market, and, contrary to their statements today, most astute investors will see the potential and climb on board quickly. Furthermore, once they see ANY significant rise in value more and more people will climb on, including those of us who have held dinar for years. That is my two cents worth (about 200 dinars!).
1-5-2017 Newshound Guru FrostyTheSnowman Friday is an Iraqi HOLIDAY...known as "Armed Forces Day" which celebrates the 96th ANNIVERSARY of the activation of the Iraqi Army on Jan. 6, 1921.
1-5-2017 Newshound Guru mike ...we'll have a bunch of options once this currency is in Article VIII, it will still be an exotic currency like the Saudi Riyal and Kuwaiti Dinar, but at least it will be internationally accepted.
1-5-2017 Newshound Guru Enorrste ...it is my understanding...while under article XIV the dinar is not "internationally tradable" as we would normally use the term. It is true that one can buy physical dinars, but the dinar is not "traded" on any exchanges as we normally think of that term. Second, being under article XIV...also offers Iraq legal protection against lawsuits. It is this protection that, effectively, stalls any significant trade between Iraq and the rest of the world. The big players won't take the risk if they don't have some recourse legally. Therefore...practically speaking getting out of Article XIV and into Article VIII is nearly necessary before anything will happen to the value of the dinar.
1-5-2017 Newshound Guru Kaperoni ...the dinar is legal tender and internationally convertible now. It is just that the CBI is under Article XIV that makes banks shy away from engaging with the CBI and dinar (because it is risky and banks by nature are usually conservative). That is a choice for banks to make. Article VIII simple means that the CBI has met a level of compliance and international standards under the IMF. Which then would be much more inviting for banks to want to engage with Iraq.
1-5-2017 Newshound Guru rcookie Article: "The return of power to the center of Ramadi" Quote: "The Ministry of Electricity announced the delivery of electrical power to the city of Ramadi, the center and the regions of Sufism and Khalidiya." [where there is electricity, there is ATM machines running, computers going, banks going...] AGREED...AND THIS IS FROM AN AREA THAT WAS REPORTED MORE THAN 90% DESTROYED...
1-5-2017 Newshound Guru loop [So did anyone notice on the cbi site the indicative rate changes from 1180/1182 to 1182/1184?] I would not hang my head...over a two dinar downward shift in value and conversely I would not sing out from the rooftops over a two dinar upward shift. I am expecting a much larger shift and the news seems to indicate that we will see it.
1-5-2017 Newshound/Intel Guru Bluedog Article: "Iraq: We started to implement measures to reduce crude production from the beginning of 2017" Quotes: "Iraqi Oil Minister Ali Jabbar Hussein Allaibi announced on Thursday that Iraq has begun to reduce the national production of crude oil with the beginning of the new year 2017 procedures, in line with the Organization of Petroleum Exporting Countries (OPEC) decision." "He explained that the decision to cut oil production is to address the decline in oil prices in the global market and the problem will no longer needed if the producers to achieve the goals." Sounds like Iraq is dealing behind the scenes...and they are keeping us out of the loop... "OUTSIDE OPEC"...WOW!
1-5-2016 Intel Guru Frank26 Abadi said that in the beginning of 2017...was to OPEN the economic relations in Iraq to the INTERNATIONAL world? They have a targeted/calculated date for the MR. (monetary reform). IMO...they know the date...and they need to accomplish this in the MOOKLA of 2017. They don’t hide the budget FROM us...they hide it FOR us. To finish the security / stability...to reach the 57-58 for the budget. Delta said that they are hovering oil around 57-58. What would 60 and above mean? That would wipe out their deficit. The GOI and the military are using the same strategy … because IMO...they have the same leader...(Abadi)...and they have the same goal. To add value...not just their currency ...but their country that is filthy rich! The CBI is more than ready to release the rate... [post 2 of 2]
1-5-2016 Intel Guru Frank26 On Tuesday...[Guru] Delta called me...and told me that the President of Iraq...used an Executive Order to POSTPONE the budget. I was expecting to see it on the 31st. Delta said that if it came out with a NEW RATE we would be happy...BUT if it came out with a PROGRAM RATE...it would send the wrong message! ...it would not impress the INTERNATIONAL world. ...he doesn’t want to release it...because there is a new rate in it. This also came from the High Council of Ministers. The budget doesn’t need to be approved or passed...it NEEDS TO BE PROTECTED! Abadi comes out...says he needs 72 hours ...and he wants another 72 hours more. Why? Mosul...Give me Mosul...you’ll see the MR. That mantra hasn’t changed. So...we have a HOLD on the budget... Stability and security are now the main focus. MOOKLA = Security/ Stability = CBI releasing a rate. [post 1 of 2....stay tuned]
1-5-2017 Intel Guru RayRen98 Up to 10 banks now and 1 credit union dealing in the Dinar... CURRENT WINDOW: ...One intel source aligns with Jan 5th. This week is still a possibility. . . Iraq is quiet... Budget: still expectations it will be in the Gazette this week. Irons in the fire yet to come that say progress.
1-5-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor’easter has now passed thru...
1-4-2017 Intel/Newshound Guru Mnt Goat So much news on the “project to delete the zeros” recently. ...they told us recently there will be yet another phase implemented for this project and it will launch three new lower denominations and they plan to do it soon. We learn (and confirm) today that the merchants also know about this upcoming change and want it real bad. By launching the lower denominations they can begin paying their foreign obligations directly using dinar. But in the process the dinar must go international and must have some real value to compete with other foreign currencies.
1-4-2017 Intel Guru ADMINBILL Just received from contact. From WF: Zim Dinar Rupiah Rial Dong are off currency screen. Believed to be they are entering new rates. Waiting for additional confirmation. WF CURRENCY INFO HAS BEEN CONFIRMED BY ANOTHER SOURCE. YOUR BEST BET IS TO NOT SPECULATE WHAT BEING "OFF THE SCREEN" MEANS AT THIS POINT. LET'S SEE WHAT HAPPENS NEXT. IT MAY MEAN NOTHING OR IT MAY MEAN EVERYTHING.
1-4-2017 Intel/Newshound Guru Mnt Goat We were told the cabinet held its first session of 2017 on Tuesday, January 3 2017, headed by Dr. Haider al - Abab. So we know the parliament is not too far behind also as they told us they will hold their first session on Jan 7th. The legislative part of the government is getting back to work.
1-4-2017 Newshound Guru wmawhite They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency. Remember, nearly 21 months ago...March 3, 2015 the CBI announced that they had received the "green light" to move forward with the "Delete The Zeros Project." nothing about needing any laws passed...this event is in process...it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
1-4-2017 Intel Guru Bruce When it comes to Iraq...The budget for 2017 has been passed, been in the Gazette, been published, it is law...The rate is in the Gazette and they don’t want us to have it yet. It should be something positive for us to see Mosul come back. A lot of things from a very positive point of view going on in Iraq. I think the final part of the UN operational rate showing, the UN releasing Iraq of chapter 7 sanctions, currency known internationally. But the way they did pay back Kuwait, of around 5 billion dollars in newly revalued dinar. They had to have a rate settled in Iraq to do that. That did occur to our understanding. We are in a great position right now. [post 2 of 2]
1-4-2017 Intel Guru Bruce We thought it would happen by Christmas and New Year, and we still are here. Things are moving, but not happen for us yet. I been on the ride for 12 years, and I am used to somewhat of it not going the way we thought. Nobody can accurately predict the date we will be notified. Could there be a delay that could take us deeper into the month? Could be possible, but I don’t believe it is the intention. The information I been getting today pointing to something happening this week. Let’s hope that is the case. When we put out information look at it, weigh it, and see what you want to embrace. What I heard today is enlightening. [post 1 of 2....stay tuned]
1-4-2017 Newshound Guru Adam Montana I have a good feeling about 2017, and it's not because of a "feeling"... it's a direct result of having watched this thing like a hawk for a few long years and having compiled a "big picture" of where we are and where we need to go. Much of 2016 was hampered by ISIS. That's just a fact. There was no way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS. ...two articles this morning...about Iraq's resumed push into Mosul...both are positive about Iraq's current success and continued success. This WILL happen! My key focus towards the 2nd half of 2016 was HCL, and it continues to be HCL. Late December, Parliament set a specific date to start the "new" legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I'm excited to see? You bet! ...some of what Parliament covered on their first 2017 session...it's almost glaringly obvious that this will affect the HCL...
1-4-2017 Intel/Newshound Guru Mnt Goat So after some time {I believe when the revalued rate is high enough and prices in Iraq have adjusted}, they plan to then launch even more lower denominations that are of the even lower face value such as the 5, 10 and 25 denominations. Why wait? They are waiting for these notes since these notes would not be so beneficial until the marked market price of goods went down to match. Remember this too – I have said that we as investors may never even see this initial 1:1 rate at the banks since this will be the workings mostly of inner Iraq. When the rate does go international by this time it may be well within the range we as investors had hoped it would be 1:5+. [post 2 of 2]
1-4-2017 Intel/Newshound Guru Mnt Goat Article: "Deletion of zeros from the currency adds a monetary value" Quote: "The new dinars will reduce the ongoing cost of printing money. For example the new (25) dinars which will replace the 25 thousand dinars currency currently in circulation...". They are telling us that in Iraq a $25,000 note will be replaced by the new $25 lower denomination note. In the BEGINNING of the next phase of the process this is what they plan to do. In another article about the same timeframe they used this very same example to show us how within Iraq they will get the dinar in par 25k with the US dollar a 1:1 equaling $25 when the Iraqi citizens turn in these three zero notes. But we know this is only the beginning since once this is accomplished they plan to revalue their currency. ...This initial step, even though it may appear as a revaluation, is in fact nothing more than an adjustment for inflation. But indirectly this new $25 note will be worth now equal to $25 US dollars so in essence it is a significant increase in the value of the dinar. [post 1 of 2....stay tuned]
1-4-2016 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" Kap's right [Guru Kaperoni], Iraq can reform the currency without moving to Article VIII. I will add though, it will not be a successful currency reform without Article VIII. Iraq is in Article XIV right now and the dinar is worth 10% less than the number printed on it, on any level that's terrible. It's just my opinion, but if Iraq tries to reform the dinar by unpegging from the dollar, free floating and not moving to Article VIII, the value will crater and drop to somewhere south of 1500-$1. If the dinar had any intrinisic value that supported it without the peg to the dollar and the auctions, we wouldn't have the street rate, or MCP, like we have today. Again, it's just an opinion. [reference Guru Kaperoni post 1-3-2017]
1-3-2017 Newshound Guru Kaperoni Article: "Central Iraq" supports the currency delete the "zeros" dinar" A couple of things... technically, Iraq does not need to be in Article VIII for currency reform. They can do that at anytime. ...it is clear that the intent is to float the dinar or gradually raise the dinar over time which will raise the value of the dinar and raise the zeros. The IMF made it very clear (referring to the Ballassa Samuelson Effect) in 2012, and the CBI stated just last year they plan to bring out a 50, 100, 200 early 2017. Both of these statements only make sense under the circumstances I am explaining. LOP's affect all notes at the same time, would not need 10 years to transition, would counter all statements made a few years ago by Saleh (the dinar will be held around the world for a very long time, etc), etc. etc.
1-3-2017 Intel/Newshound Guru Mnt Goat ...are there still hurdles to overcome and tasks they would like to accomplish prior to the RV? Yes – but I do not know if these tasks will in fact hold up the RV or not. My feelings are they will never have a perfect world and many of these tasks will be ongoing for many years to come anyhow even once the project to delete the zeros moves ahead again. It is my feeling they are at the point where they can not move forward with their economic and financial plans since they will need a viable currency to do so. So my feeling is Iraqi economy is now at a cross roads. It will never be the “perfect” set up. The IMF, the World Bank, the World Trade Organization along with a host of global consultants are working with Iraq to bring about the needed changes. Which way will they now go? There is only one way to go and why not? Since they prepared Iraq for this economic explosion (or as Abadi has stated and I quote “economic openness”) they must now move to the next step and get fully the global/international stage. What else does “economic openness” mean if not to go international?
1-3-2017 Newshound Guru mike We know, through transparency, rational and reliable sources why Iraq hasn't moved their currency forward, the IMF tells us at least twice a year: A) Eliminate Exchange Restrictions B) Control the MCP within a 2% band. No mystery here, these are very simple, easy to understand issues that Iraq can't or won't address so they can move the currency to Article VIII, which we'll need to have value added to the currency. Different principles apply to the economy, but they're just as easy to understand. If a country creates an economy where imports are purchased, demand for their currency will increase which causes the value of the currency to rise. Super simple. Iraq needs to move to an open market economy... IMO.
1-3-2017 Newshound Guru mike Iraq is definitely, opaque, irrational, unreliable and unpredictable. But, that's why there's a process, Iraq's not the only country in the world who's gone through this phase of dictatorship and sectarianism, that's why everyone has to conform to a certain set of standards, procedures and rules, it levels the field and offers transparent, rational, reliable and predictable activities. Do country's always follow the IMF/WB rules? Nope, and for that there are consequences. That's why we have the Article IV consultations, Treasury Dept. assistance and other groups helping Iraq. These tools clear up any minsconceptions...and allow us to see the true facts regarding Iraq's financial situation, which includes their currency.
1-3-2017 Intel Guru ADMINBILL ...I AM HOPING THE INFORMATION I RECEIVED YESTERDAY IS ACCURATE AND WE ARE NEARLY THERE. ONE OF THE REASONS I AM LEANING IN THAT DIRECTION IS THAT I WAS ALSO INFORMED THAT THE MAJOR CONTRACTS THAT ENDED ON THE 31ST WERE TAKEN CARE OF AS REQUIRED.
1-3-2017 Intel/Newshound Guru Mnt Goat Yes the country is making a great turn-around since post elections 2014. In retrospect over the last 2 years we witnessed all the new banking laws, reforms and other needed laws. But they had a security breach with ISIS and then the drop in oil prices. Combined these two factors decreased the countries revenues while at the same time increased their expenditures. This created a situation when in 2015 (a targeted date for the project to delete the zeros) they had to postpone the project once again. At this time they stated a timeframe when they would target the resumption of the project’s next phase. They told us in EALRY 2017. [post 3 of 3]
1-3-2017 Intel/Newshound Guru Mnt Goat Third: Iraq has not yet gotten out of the program rate and are still officially under sanctions even the war has been over now for 13 years. The plan (and this is in writing to prove it) was to get out of the program rate in 2008 (the first time they tried to revalue). But once the war over the, corruption, politically and security instability has not allowed them to progress. Had post war Iraq looked very different, had there been a more successful democratic government and security force established they probably would not have waited so long to implement this project of currency reform. So has the situation gotten any better?... [post 2 of 3....stay tuned]
1-3-2017 Intel/Newshound Guru Mnt Goat ...one more bit of evidence that the Iraqi dinar is NOT going to lop. [reference Guru Mnt Goat post 1-2-2017] Did you know that a lop is used as a tool. Yes – it is a special tool that IMF uses to consult with a country to help fight hyper-inflation. It is especially designed for this purpose. So is the currency of Iraq namely the three zero notes now hyper–inflated? Absolutely NOT! First: The inflation rate in Iraq is amazingly very low compared to other countries, Second: The currency of Iraq did not float to the hyper-inflated three zeros while on the international markets, instead it was suddenly and intentionally brought down to a “program rate” for purposes of fighting a war and taken off the international exchanges. This was to suppress the bad guys from using the Iraqi currency to buy weapons to fight the coalition forces against Saddam Hussein. [post 1 of 3....stay tuned]
1-3-2017 Newshound Guru rcookie Article: "Low monthly inflation rates and the annual report in November" Quote: "Hindawi said that "inflation index for the month of November last dropped by 0.7%, compared to October of last month,.." INFLATION DOWN 0.7% IN NOVEMBER FROM OCTOBER...AND DOWN 1% FROM NOVEMBER 2015... [And what did Shabibi say about inflation and monitiary reform?] IT IS THE DETERMINANT...
1-2-2017 Intel Guru RayRen98 I have been told that Abadi has blocked any Mosul news for the next 72 hours; I did see an article mentioned Mosul yesterday, and I don’t know when the 72 hours would be up. I’ve also heard about a press conference saying that 2017 will be a great year. Some of our trusted sources from three-letter agencies have been expanding on the information, and from that there is a good expect-ation for something this week. The sources say look for something to happen Tuesday or Wednesday. I don’t know if that will be the full-blown RV or not. I have learned that there is a ‘rhapsody’ database system that stems from the BIS (Bank of International Settlements) that all that banks use, I think. This database has been down since Friday, and we suspect this is for rate changes. We’ll see! [post 2 of 2]
1-2-2017 Intel Guru RayRen98 On Iraq’s side, no Budget in the Gazette as yet. We’ve been waiting 2-3 weeks for this to show up in the Gazette, based on what I was told. The only part that hasn’t held true is the timing on when it would be in the Gazette. We are also waiting to find out if what I was told would be in the Budget actually is. In some places, people are saying the lower denominations are NOT being widely distributed, but in other places we are told they are in the ATMs. [post 1 of 2....stay tuned]
1-2-2017 Intel/Newshound Guru Mnt Goat ...we know there is not going to be a lop for all the right reasons and reasons we can prove. So let’s go over these reasons now. 1) the CBI has directly told us and the fact that they have said that “the three zero notes will coincide with the new lower denominations for up to 10 years”. This in itself means no lop. 2) then they said it “would take 10 years for the transition to the new currency”. Does this sound like a lop? 3) these large three zero notes 1,000, 5,000, 25,000 and 50,000 notes would be “used for inter banking transactions” and the plan is “to retrieve them out of the hands of the average citizen and the market place”. Why would they need to retrieve them if this was going to be a lop? I just gave you three good reasons. There are many more. [post 2 of 2]
1-2-2017 Intel/Newshound Guru Mnt Goat When the CBI uses the term “project to delete the zeros” they do not literally mean to delete the zeros off the currency and to continue using the notes in the common circulation. Instead it means to replace (or delete) the 3 zeros notes from the common circulation with a set of notes that will be the notes going forward into the future. This is the replacement currency once out of the “program” rate. This is a well planned currency, a plan designed before they even started the war in 2003. [post 1 of 2....stay tuned]
1-2-2017 Newshound Guru mike If the CBI unpegged today without the legislative foundation, the dinar will crater and the only reason I know that is because the street rate is 10% less than face value of the currency as it exists today. Can you imagine what it will do if they unpeg from the stability of the dollar and the auction process? Unfortunately, after closely following these guys for five years or so, it's just more of the same that we've seen in the past. Empty statements without a process to fulfill them. My guess, if they could get the legislation and IMF stuff done in the first quarter of 2017, we might see a dime before the new year. [post 2 of 2]
1-2-2017 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" If the process "starts" today, how long before one dinar is worth a dime? In order for the dinar to rise in value they need to be in Article VIII, that's getting rid of the MCP and exchange restrictions. After that, Iraq's economy has to shift to an open market so that exports other than oil are created so that there is demand for the dinar. By now we all know this isn't a switch that the CBI Governor throws and all of a sudden the dinar has more value, we need Parliament's involvement to create the atmosphere for the dinar to rise in value, not the other way around. [post 1 of 2....stay tuned]
1-2-2017 Intel Guru ADMINBILL LET'S HOPE THE DAY BRINGS US POSITIVE NEWS THAT WE CAN TAKE TO THE BANK SOON. WE ARE GETTING NEARER TO THE END BUT IT STILL MAY NOT HAPPEN BEFORE THE END OF THE MONTH FOR THE PUBLIC...
1-2-2017 Newshound Guru rcookie Article: "Economist suggests that the economic comprehensive methodology in 2017" Quote: "Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs..." HERES A BEAUTY!...FROM...NASIRI... CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS...AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS... AND WANTS TO...TO TRANSITION FROM A "HYBRID" ECONOMY TO A MARKET ECONOMY...IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION ...AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY...THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME... PURCHASING POWER AND RAISE THE NATIONAL INCOME...(GDP)...WOW!...GREAT STUFF!
1-1-2017 Newshound Guru loop Quote: "...to facilitate measures to ensure that the ultimate beneficiary if an ordinary citizen or a merchant, and in a transparent manner requires that banks disclose the previous Khovatha and filter regulators Notes to control the dollar was trading movement locally and abroad Ohz would clean reputation Banking Iraqi abroad and the correspondent banks and thereby restore confidence sector Iraqi banking locally and internationally..." Why would they need to restore confidence in the international banking sector it they had no intentions on their currency being internationally recognized? [post 2 of 2]
1-1-2017 Newshound Guru loop Alak has been sending the same message and really has not moved away from it for well over a year now. He gave the green light to start the project to delete the zeros over the year ago. Well before that they they pull the 50s off the street. Ask yourself why would a worthless note need to be pulled. Because of the new 50 that they were planning on release IMO. THen they were white listed. There are so many bread crumbs that all point to the same thing. Here is one of Alak's more recent quotes: He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar. HUGE HUGE HUGE [and how do they accomplish that?] THe deletion of those pesky zeors is how. [post 1 of 2....stay tuned]
1-1-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor'easter has now passed thru...
12-31-2016 Intel Guru ADMINBILL WE MAY STILL HAVE AN OPPORTUNITY TO SEE THE INITIAL PHASES OF THE RV/GCR BEGIN DURING THE FIRST WEEK OF JANUARY BUT IT IS HIGHLY UNLIKELY AT THIS POINT. LET ME MAKE A FEW POINTS NEXT WHICH ARE BASED UPON INFORMATION RECEIVED DURING THE PAST 96 HOURS...THIS INFORMATION IS PROVIDED FOR YOUR BENEFIT AND INTERPRETATION AND MAY NOT CONCUR WITH. USE YOUR OWN GOOD JUDGEMENT. SPECULATION FROM EARLIER THIS MONTH IS THAT THERE IS A NEED FOR THE COMPLETION TO BE DONE BY MIDNIGHT TONIGHT (UNKNOWN WHICH TIME ZONE) TO FULFILL CONTRACTS DATES. THIS DOES NOT MEAN IT WILL BE RELEASED. OTHER INFORMATION PASSED ON RELATES TO AN UNKNOWN FEDERAL TAX LAW THAT COMES INTO EFFECT AT MIDNIGHT TONIGHT (ASSUMING EASTERN TIME ZONE) WHICH PREVENTS A HEAVY TAX ON THE RV FUNDS. ANOTHER VIEW EXPECTS THE GENERAL PUBLIC TO BE ABLE TO EXCHANGE SOMETIME AFTER THE INAUGURATION. NO DEFINITE DAY.
12-31-2016 Newshound Guru Islandg1211 The original requirements in addition to 10,000 US troops, also included every one of the UNSC Chapter VII sanctions, Reconciliation, Fully Formed Government, HCL, and Amnesty Law. The IMF had their list of requirements, including the Budget. All of these requirements suddenly have articles and meetings addressing each one. This goes along with the CBI stating that they plan to come out with the lower denom's and begin the deletion of the three zeroes in early 2017 IF the conditions are right. IMO, they aren't even thinking about waiting 2-3 years to RV. Just get done with East Mosul, enter West Mosul and get Baghdadi - 3 months and it's done enough. [post 3 of 3]
12-31-2016 Newshound Guru Islandg1211 My last Iraq update was all about the fact that THE ORIGINAL PLAN FOR IRAQ IS BACK ON TRACK FOR 2017. I went through and reminded everyone what the Bush/UN plan included for Iraq. One of the requirements - not option - by the US, was that there would be 10,000 US troops permanently in Iraq. This deal is done. The U.S. never intended to pull completely out of Iraq. In my opinion, this is a very good sign for the timing of the RV to have comments made on the MSM [mainstream media ?] that the troops are staying. IMO, that statement covers two purposes: 1) the reality of "winning the peace" and 2) justify the original plan to keep US troops in Iraq. [post 2 of 3....stay tuned]
12-31-2016 Newshound Guru Islandg1211 [Oliver North was on Fox news last night said that it will take another 3 years to restore Mosul...] IMO, although, Ollie's, the Pentagon's, and Abadi's comments sound very different as to a time frame for the liberation of Mosul, they aren't. Ollie is saying 3 years. The Pentagon just said 2 years to get rid of ISIS in Iraq. Abadi said by the end of the year, but had to amend that to another 3 months. I'm estimating 3-6 months for Mosul. The difference of time frames is how one is defining "liberated" verses "secure from terrorist attacks." [post 1 of 3....stay tuned]
12-31-2016 Newshound/Intel Guru BGG [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?] the assumption the "Iraq can GO international with their currency" is a flawed viewpoint. They need this international support to do such a thing. Where would Iraq be if no one is willing to accept whatever change they put forth? ...they will get to do what they get support (and guidance) to do...they succeed thus far - because they are listening and doing. [Hope the UNSC meets soon to provide the clearance.] The IMF and WB are much more important - the UNSC will be lucky if they exist in a year or two.
12-30-2016 Newshound Guru loop [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] ...urgency is not what I am seeing. Remember that this is a plan and as it is unfolding the pace should pickup pace...its call momentum. Now that they got this ship point downstream things that they put into play 1 or 2 or more years ago will start bear fruit.
12-30-2016 Intel Guru RayRen98 [Can you reassure us that the Dong will be in the first basket.] No, although that is what I am expecting. [Can you give us a rate please?] The prevailing rate is about $50 per million, right now. What we look for it to be...for the longest time that was 47 cents, but for the last couple of days they have been saying two dollars and change. That sounds good to me!
12-30-2016 Newshound/Intel Guru BGG [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] I don't know that "urgency" is in their vocabulary - but they are moving forward with "extreme prejudice". Much of this progress is highly likely the oversight of the IMF/WB at play - they say - Iraq does, IT WORKS. Good stuff.
12-30-2016 Intel Guru Frank26 [“Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency.”] You know very well that... [Guru] DELTA translates the articles that were confusing from the CBI…and... "Mookla” …the one key word he wanted me to tell you tonight…Mookla is not in the first quarter…not the middle of the first quarter...or the end of the first quarter...it is literally the start...January 1st 2017.
12-30-2016 Newshound Guru mike Article: "Iraq's higher gold reserves to 7.7% " Quote: "Iraq's reserves of gold remained stable and did not change, reaching 89.8 tons," explaining that "this amount represents 7.7% of its reserves of currency foreign, having represented 7.1% during the month of October. " I can't figure out if they're using metric tonnes or regular US tons, the value varies. Ton = $33,292,934.00 Metric tonne = $36,702,860.00. The best part...an accurate range of Iraq's reserves, somewhere between $39 and $43 billion. I remember when the panic crept in earlier this summer the CBI started backing up from the reported figures like we see here, they were trying to say it was around $50 billion, which we knew couldn't be right because of the report the GOI sent to the IMF with expected reserve totals at the end of 2016.
12-30-2016 Intel Guru Frank26 Kuwait seems to know what is going on with the last 2 remain issues. They want their money and their people...and they (Iraq) gave it to them. By this action...they have agreed to sign. ...Kuwait wants Iraq to RV...and that’s why they signed...! They want to use e-Dinars...they are invested in dinars. They want to do business with them on an international level. IMO...they are about to raise the value of their currency. The coalition forces will be happy. Even Israel has dinars...even Iran. Compared to other middle-east currencies...the IQD has not gone down in value...that is a masterful plan.
12-30-2016 Newshound/Intel Guru BGG [what are you most excited about lately?] All of it. Hard to pin my interest on any one thing...and maybe that is the exciting part - it isn't just one thing. It's the forward velocity on virtually all fronts. [top five?] 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day... I really doubt that proves to be accurate... translation? Political posturing? Some kind of intentinal mislead? IDK - but it does seem at odds with most of his previous commentary. 4) The recovery of stolen monies by the GOI - big news. They are looking to put an end to the culture of corruption. 3) The passage of the J&A Law - HUGE piece...2) General forward velocity of all the Economic and Financial reforms going on right now - they are really building an economy - FAST. 1) Obviously - the statements by the current Gov of the CBI concerning their "beginning of 2017" timeline - HUGE!
12-29-2016 Intel Guru Frank26 We are right on track with the MR. More has been accomplished in December 2016 than the past years combined! All of these “agencies” that lined up all of the stars for them – incredible! The impact will be HUGE as they get this right...right now...it has to be perfect! What we are seeing...is impressing the living daylights out of us. Watch for Chapter 7 to be gone. Once they are out of Chapter 7...they are automatically into the IMF’s ARTICLE VIII...which means they have lifted the value of their currency...why else would Kuwait make a trip to Iraq? The #1 thing right now is to see the BUDGET! Don’t forget...the 31st...we might not see it until the 1st or so...but we’re looking for the IMF and the UN to make Chapter 7 official...looking for an “OFFICIAL RATE.” They (Kuwait)...what they are doing with IRAQ... that’s at an INTERNATIONAL LEVEL! It’s almost surreal what is going on.
12-29-2016 Newshound/Intel Guru Arthur Their holiday was supposed to be 60 days but has been trimmed to 20 days due to the importance of implementing the 2017 budget starting the next legislative session on Jan 2, 2016. During the beginning of this session they are scheduled to pass 50 plus laws including all the important laws we still need including the Federal and Accountability Law, and the all important HCL which will keep them on track and on schedule for full monetary reform early 2017.
12-29-2016 Intel Guru ADMINBILL HEARING THERE IS MOVEMENT AFOOT, WITH BANKER CONFIRMATION THAT CONTINUES TO BELIEVE BEFORE THE END OF 2016. I BELIEVE THE BANKERS BELIEVE, BUT I WOULD NOT CALL THE BANK FOR CONFIRMATION. WE ONLY HAVE UNTIL SATURDAY TO SEE IF THEY ARE CORRECT.
12-29-2016 Newshound/Intel Guru Arthur Contrary to popular belief, Iraq is still not completely out of all remaining sanctions. Among the remaining are the ones regarding their ongoing status with Kuwait. The Kuwaitis are still owed reparations and other concerns such as the reception of the bodies back to Kuwaiti soil. An historic meeting occurred today in which 4 important agreements were signed by the two countries which included the readiness of Iraq to supply Kuwait 200 million standard cubic feet of gas. We now await to see if this will be sufficient for the UN to move Iraq to chap VIII which would trigger the UST to give the CBI the green light to more forward with the monetary reform. At this time they are still on schedule for early 2017.
12-29-2016 Intel Guru Jester IF THEY LOP THE ZEROS AS THEY HAVE SAID ... WHICH I THINK THEY WILL...THEN EVERYONE WILL BE HAPPY WITH MAYBE 3-4 TIMES WHAT THEY PAID FOR AN INVESTMENT... NOT BAD REALLY... THE BANKS STILL LIKE TO HAVE THAT MONEY SO MAYBE THAT IS THE REASON THEY ARE STARTING TO TAKE DINAR AGAIN... IT'S STILL A LOT OF MONEY... NOT AS MUCH AS YOU LIKE... BUT STILL A LOT...TAKE THAT FOR WHAT IT'S WORTH... WHICH IS MY OPINION... BUT AN EDUCATED OPINION FROM SOME PRETTY GOOD SOURCES... [post 2 of 2]
12-29-2016 Intel Guru Jester IRAQ IS AN INDICATOR... AND THAT INDICATOR IS RUNNING OUT OF THINGS TO SEE... THEY ARE GETTING IN A BETTER PLACE... I STILL THINK THINGS MUST BE MORE STABLE THERE BEFORE THEY WILL BE TURNED LOOSE BUT THAT IS JUST MY OPINION... AS FAR AS THE RV...IT WILL NOT GO LIKE THEY ARE TELLING YOU IT WILL... ALL THIS 800 NUMBER BAZILLION DOLLAR STREET RATE IS NOT GOING TO HAPPEN...THERE IS NO REASON FOR IT... FOLLOW THE MONEY... WHY WOULD THEY DO THAT UNLESS THERE WAS SOMETHING IN IT FOR THEM? NO ONE OWES YOU... [post 1 of 2....stay tuned]
12-29-2016 Intel Guru Frank26 We told you on Monday...there was one issue...we were looking for the budget on the 31st...and that oil would need to see a certain number...in order to get to a rate. We were looking between 55, 56, and 57 dollars. It has now hit 56.65... Now...it’s maintaining itself...This is the FUEL for the 2017 budget. I think we are going to have a budget on December the 31st. They have never had a budget...this is extremely historical. The budget is executable with a program rate...but the budget must be funded. IMO – the BUDGET is FULLY FUNDED... IF it stays at a program rate...it is NOT fully funded. They need to apply this oil price to their budget and ACTIVATE it. If not, they have wasted 2016. There is no DATE or RATE ...the rate is solid NOW ...well calculated...but the DATE is a moving target. [post 2 of 2]
12-29-2016 Intel Guru Frank26 I strongly feel that the mission to do this...add value to their currency is happening in amazing strides...leaps... miraculous agreements. Finally we are seeing what we wanted to see. ...the prime and foreign ministers of Kuwait and Iraq met...BIG SMILES... What did they discuss? A “new era of mutual understanding...signed 4 strategic agreement(s) with Iraq with committee representatives...will play a major role of Iraq exiting Chapter VII.” They are working out their issues. They are NOW inside of Article VIII. [post 1 of 2....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...I can not say just how amazing this news was in the last couple days on this topic with Kuwait. ...yesterday they announced the preparatory meeting for the sixth session of the meetings with Kuwait Joint Ministerial Higher Committee...scheduled for today [Wednesday]. ...we know they held the meeting and it was successful. ...the IMF and Iraq seem to be cleaning up lose ends prior to pulling the trigger once again in EARLY 2017 to begin the project once again. They are just literally days away from Jan 2017. We know that this project is important because it is this project (and nothing else ...) that in FACT will lead us to the ultimate treasures that await us currency holders...the significant increase in the value of the Iraqi dinar. [post 3 of 3]
12-29-2016 Newshound Guru Breitling From what these guys are talking about, end of the year 2016 and there are a couple windows open for 2017. It’s very interesting that these guys are laying out the law with the banks, the way they are maneuvering around the auctions and other country’s currencies because they don’t want to compete. Those are the words I use cause I don’t want to hype it. …I want to make if very clear the US Treasury is in counsel capacity only. They are only there to give counsel, they are not financially vested to the dinar…that has no relevance on whether I invest in the Iraqi Dinar at all.
12-29-2016 Intel/Newshound Guru Mnt Goat Lots in the news all of a sudden about the Kuwait and Iraq relationship. Why now? ...we know by the press statement a few days ago that the only remaining item for Iraq, to get fully out of the 2003 sanctions, was to pay the war reparations owed to Kuwait. ...there will be no RV while Iraq is still in sanctions. All this recent news on this topic was very revealing since it...also confirmed...: 1) Iraq was not fully out of sanctions in June 2013 (maybe this is why the RV has been held up too) and 2) just how close we are to the RV. Kuwait is not concerned about the money Iraq owes them since instead they know in the long term will make so much more money in trade deals with Iraq. They know if they can assist Iraq in any way to regain their sovereignty then Iraq will progress onto the “international” stage that much sooner. [post 2 of 3....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...the news is literally pouring in from Iraq and moving so fast now. It is as if they are on a mission to meet a deadline of early January of something like that. It...shows us that Iraq definitely is about to move forward with their “economic explosion” (Abadi’s words not mine) in EARLY 2017. We know they can not do this without some real value placed on their currency. In other words they must delete the zeros and revalue it. [post 1 of 3....stay tuned]
12-28-2016 Newshound Guru loop Article: "Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system" Quote: "...the judiciary turned to breaches in the system and the procedures taken against those responsible, whether thieves or corrupt officials." SOMEONE GOT CAUGHT WITH THIER HAND IN THE COOKIE JAR. HOW DID THEY CATCH THIS?... WITH THE ELECTRONIC CLEARING SYSTEM THAT WE HAVE BEEN HEARING ABOUT...MORE PROOF OF ACTION ON THE BANKING REFORM FRONT...
12-28-2916 Newshound/Intel Guru Frank26 Like a spider leg slowly probing what's in front of it before taking it to the mouth ...The Dow and Oil Prices cautiously approach levels of interest ... A Flag by A (Abadi) in the dead Center of Mosul would expedite many things in an LL (long line) very quickly .... IMO.... We will very soon. …[What are the chances they launch 2017 at the program rate...??? We would all have to go back to the drawing board…..] NO !!! !!! !!! ... We will NOT !!! !!! !!! The PR (Program Rate) can and more than likely will be in the 2017 Budget.
12-28-2016 Newshound/Intel Guru BGG [are the reserves still being depleted and if so isn't that still corruption which means they will hold up on the increase of the dinar until they get a handle on it?] That is the complaint - I wonder if some of that isn't internal partisan politics? Hard to say. However, I doubt this lasts long enough for any of that "arc" to matter.
12-28-2016 Newshound Guru MadDScout [When dose the next session of Parliament start?] Jan 7.
12-28-2016 Newshound Guru Frank26 I strongly believe what we do not see in 2016 will be revealed in the beginning days of 2017. Right now my teams and I are only looking for the release and activation of the 2017 budget that will review [reveal?] much.
12-28-2016 Newshound Guru Islandg1211 TODAY'S ARTICLES ARE EXACTLY ON POINT OF THE ORIGINAL PLAN FOR IRAQ, A PLAN WHICH INCLUDES GETTING THEIR CURRENCY OFF THE SANCTIONED RATE AND BACK ON FOREX. Finally, the 2017 Budget was passed by the GOI. (Not sure if it was signed by the president and printed in the Gazette to become law.) Citibank and other banks have just started selling and buying the Iraq Dinar again. Finally, the international corporations and investors wanted the RV and the reconstruction phase to start in order for them to make money in Iraq. An article today from the US State Department, states that Iraq is a good investment in the long run. [post 2 of 2]
12-28-2016 Newshound Guru Breitling ...That’s what the actions are…a tool for that. They’ve always planned on getting rid of the auction. They’ve always planned on adding value to the currency that you and I have. They’ve always planned on adding smaller denoms to the currency as the value goes up and then sooner or later getting rid of the currency you and I have. SIDE NOTE: if they were just going to add value to our currency and pretend there are no zeros on the notes that in itself would reduce the note count. They would not have to get rid of the physical notes like they’ve been doing. That’s how we know they are not going to LOP. They have not changed their minds and we’re only going by what they say. This is not an opinion. This is coming from the Ministry of Finance, Ministry of Planning and the CBI. [post 2 of 2]
12-28-2016 Newshound Guru Islandg1211 Although the GOI is on vacation until Jan. 10th, and the liberation of Mosul has stalled a bit, and it's the holidays, some great headlines and news articles are coming out of Iraq... Articles & Headlines: "Abadi stated today that he will finally submit resumes for his vacant Ministers spots" "UN stated today that Iraq was let out of almost all of the Chapter VII sanctions." "World Bank approved their loan to Iraq and stated that "Iraq is one of the richest countries in the world and shouldn't have any problem repaying their debts." Article today talked about the need to have a law ending the currency auctions. Article yesterday talked about finally passing the HCL law, along with other needed laws in the next GOI session... Another article featured the headline, "Iraq looks to Trump to complete the SBA." Yea! The article talked about the Marshall plan and the meetings with the new Trump folks to move Iraq into the next phase, from war to reconstruction. [post 1 of 2....stay tuned]
12-28-2016 Newshound Guru Breitling There is good news and it’s phenomenal. This is a mystery to me…something I have not been able to figure out. I don’t know when/if they start adding value to their currency at what point will they get rid of the auctions? It doesn’t matter for us…it really doesn’t. In the context this is not something you need to look out for because if they get rid of the auctions today then something is coming down the road. But if they start revaluing, start adding more and more value to the currency and the auctions don’t disappear…that’s just a way to manipulate the currency even more... [Post 1 of 2 stay tuned for the rest of the story]
12-28-2016 Intel Guru Bruce What else we know is 31st of December is New Years Eve, and it is the day the UN Operational rates suppose to show effectively. Will they change on the 29th which be Thursday or not show the change until the 31st? We don’t know that. On the 31st, the Vietnamese Dong and Iraqi Dinar, their rates are supposed to change and reflect that change. ...we should get a heads up pretty soon. We thought we would go last night. ...hopefully we are there now and ready. Intel is looking very strong. Not giving dates, but looking good for the end of the year. Set your goal for 2017. You should be excited right now for what we are about to embark on. [post 2 of 2]
12-28-2016 Intel Guru Bruce We did miss it for Christmas. I expected to exchange today [Tuesday]. I am feeling very good what I have heard the last few days. We are in a great place. Just hang in there a little bit longer. We would all like to celebrate New Years completely hydrated financially. With any success that would be our case. Things are popping behind the scenes, but they want to keep it quiet... for a reason. We heard Iraq is in a situation where they have one more thing to do...As of 4:15am today [Tuesday], they still needed to pay restitution and past debts that were owed to Kuwait. That was the one last thing besides showing an updated revalued rate they needed to do. That began this morning at 4:15am. My understanding is that was to be complete in 12 to 14 hours. The timing for this is now very close because Iraq took care of the last thing they needed to do to be released from chapter VII from the UN. That very last portion to show their rate internationally may have been done. [post 1 of 2....stay tuned]
12-27-2016 Intel Guru Frank26 IT IS NOT AN EVENT! DO NOT LOOK FOR A DATE! It is a progress of a progression that is leading you into the revaluation of their currency and they are doing in my opinion, an amazing, brilliant job! We told you that on December the 31st, we hoped that Iraq will show us their budget...and that we might see a rate before that. I believe that they will around the 31st. THAT IS MY OPINION. The IMF / United Nations / CBI / Abadi...in my opinion...are doing some amazing things. IT IS HAPPENING...IT’S COMING. If I knew the date, I’d...give it to you. I don’t know the date. [post 2 of 2]
12-27-2016 Intel Guru Frank26 Many of you were looking for the oil prices to go up, especially around Monday for it to be in the 60+ range. It's not ...is it? We told you it would be the fuel and the catalyst for the budget...to possibly release a rate before the 31st. It didn’t...did it? None of these things happened. Yet, ironically enough, an amazing amount of things DID happen. Iraq is going through a monetary reform of its currency. It is not visible...you are not allowed to see its steps. Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency. [post 1 of 2....stay tuned]
12-27-2016 Intel/Newshound Guru Mnt Goat Article quote: "that Iraq has fulfilled its commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." ...they are telling us the only commitment that was remaining is to pay Kuwait for war reparations. We know they agreed to do this once the revalue their currency as they would pay them with increased value of their currency once the rate increase. So whats going on here…hint...hint…hint…
12-27-2016 Newshound Guru rcookie Article: "Ministries offered a proposal to convert the salaries of its 3 employees to the electronic system" Quote: "A source in the banking sector, on Tuesday, that the three ministries have submitted applications to the Central Bank of Iraq to transfer their employees' salaries to the .electronic system..." 3 MINISTRIES (EDUCATION... JUSTICE... TRANSPORT) SALARIES BEING DISTRIBUTRD ELECTRONICALLY... THROUGH 7 BANKS...WOW!...CAN YOU SAY LIQUIDITY RELIEF...
12-27-2016 Newshound Guru Breitling …Bank of America has a seat on the auction floor and all these banks were buying dinar from Bank of America. And some of these banks I know where they’re actually storing it. So how is it they get to invest in it? How is it a good idea for them but not a good idea for us? Does that make sense to you? No. So don’t listen to the naysayers sitting behind a desk somewhere who don’t know anything about currency… All in itself, the ability to buy currency from Citibank is not a big deal. Remember I bought all my dinar from Chase Bank. So they just decided to sell it again. That’s all it is…nothing more. The information you need to stay focused on came out of Iraq from the CBI, from the Ministry of Finance and the Ministry of Planning on what they want to do with their banks so they can get to the next level…that’s very very good news and i hope you’re happy. [Post 2 of 2]
12-27-2016 Newshound/Intel Guru Arthur Along with all the requisite political and banking reforms, the equation was, is and always has been GOI + HCL = RV. With all the current proxy positions, rather the GOI is adequately complete for the UST is debatable but all indication are they are satisfied with the fulfillment of that variable of the equation. As for the HCL further progress is scheduled for Wednesday 12/28 after which we should be able to determine if there has been adequate progress to warrant a release of all remaining sanctions for Chap VIII and a subsequent rate increase necessary to satisfy the 2017 budget in Iraq... As of this post the PTB is still on schedule for early 2017.
12-27-2016 Newshound Guru Breitling …everyone is asking me about Citibank. Yes, Citibank is selling dinar again. The naysayers say it’s [owning dinar] illegal. Or the banks don’t want it. None of it’s true. It was disruptive to their [banks'] businesses. Remember there was a time when there were little old ladies calling these banks everyday and asking them did the dinar revalue. Every single day. It was such a huge epidemic that it was disrupting business. You literally had thousands and thousands of phone calls. I know this for a fact because I talked to some of the people who were in charge of the entire west coast at Bank of America and they specifically told me they were not going to sell dinar cause it’s disruptive to business…it wasn’t worth it to them. Having said that…they bought their own dinar. I promise you they did…especially Chase Bank…[Post 1 of 2 stay tuned for the rest of the story]
12-27-2016 Newshound Guru loop The CBI has indicated some kind of structural economic reform is on the horizon. I would really be surprised if they pegged the to the SDR. Ultimately I do not care how it happens. Just as long as some kind of value change happens.
12-27-2016 Intel/Newshound Guru Mnt Goat Article: "the importance of e-cash and its effect on increasing the money supply within the banking system" ...the e-dinar has many important reasons for its implementation. ...they went before parliament and got it approved to roll out to all provinces and are doing so. Simply put this is their solution to lack of liquidity in the banks. But...it does not stop there since there are audit traits to fight and catch corruption. ...we are seeing the process of the project to delete the zeros being implemented right in front of our noses. If you are not paying the salaries, pensions and other gov’t programs in cash then the CBI is not infusing the 3 zero notes back into circulation. Also the merchants, now hooked up to swipe their debit cards, eliminate cash dinars taken to the currency auctions. Instead they electronically use the e-dinar system to get dollars to pay for their imports. A complete audit trail.
12-26-2016 Newshound Guru Kaperoni Articles: "Iraq completed its commitment to one of the two resolutions to exit from Chapter VII" "Iraq, one step closer to leave Chapter VII of UN Charter" ...this move is a good thing. Unlikely Iraq would want to be fully out of UN Chapter VII without their own internationally convertible currency. Seems that this is coming together at the same time the banking reforms are being implimented with the help of the IMF.
12-26-2016 Newshound Guru firefly [come on Mr Fly make this RV happen.] She is coming my friend, make no mistake about it. IMO The meeting with Kuwait is just a formality! [I like many others have completely overlooked the chapter seven event...] Yes most folks have. I've been saying for many yrs that Iraq still has a couple of sanctions remaining...Specifically the Kuwait situation. The BIS and IMF could have given Iraq as many green lights as they want...but...it meant nothing till the final 2 sanctions were lifted. Only the UN could finalize it! Keep your eyes peeled to the UN! [reference Guru firefly post 12-25-16]
12-26-2016 Intel Guru RayRen98 It looks like Iraq and Kuwait are agreeing on some things and we should see the final results from that. Iraqi television show Abadi indicating progress on Mosul, or at least an accounting. Everything is leaning towards agreements with Kuwait on Wednesday, with exciting results. We are in a waiting game. Let’s see what this meeting on Wednesday between Iraq and Kuwait does for us. Few people doubt this will take place, we just can’t say when.
12-26-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL TAKE NEW MEASURES TO REDUCE THE PRICE OF DOLLAR AND SUPPORT THE IQD AGAINST OTHER FOREIGN CURRENCIES IN THE NEXT FEW DAYS. NEW OFFICIAL RATE. WE WILL SEE...
12-26-2016 Newshound Guru Kaperoni Article: "Iraq has fulfilled the obligations of a decision to get out of Chapter VII" Quote: "...is noteworthy that the UN Security Council voted unanimously, in (June 27, 2013), resolution No. 2107 , which Iraq emerges in part from the provisions of Chapter VII of the Charter of the United Nations..." So there you have it. Back in 2013 when VP Biden chaired the UN meeting Iraq did not get out of Chapter VII as so many thought (I included). Apparently, the Oil-for-Food and Kuwaiti balance remained obstacles for complete removal. This apparently is now moving forward with a recent agreement to end the Oil-for-Food, leaving a $5 billion payment to Kuwait to end this once and for all. If so, currency reform may also be just around the corner.
12-26-2016 Intel/Newshound Guru Mnt Goat ...only 1 week remaining in December and the CBI has NOT yet postponed the project to delete the zeros. This by itself is good news. Will they postpone it again? We wait and watch in anticipation.
12-26-2016 Intel Guru Frank26 The IMF and the UN are making sure that all issues on oil are being dealt with right now before the end of 2016 and in my opinion for the budget on December 31 that also requires a new rate not to function but to be logical in its mathematical calculations.
12-25-2016 Newshound Guru firefly Article: "Compensation for the Kuwait last obstacle to Iraq out of Chapter VII" Quote: "Iraq has fulfilled the commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." Compensation for the Kuwait last obstacle to Iraq out of Chapter VII...So as we see, the upcoming meeting with Kuwait is very very big in regards to our investment! Per the UN. The UN is the only agency that can lift the final sanction. NOT the IMF, NOT the BIS, NOT the US teasury. The UN!
12-24-2016 Intel Guru RayRen98 Things have been somewhat quiet in Iraq these past few days...Banks are at an all-time high expectancy rate. Some Wells sources confirmed seeing a memo last Monday indicating RV and exchanges by Christmas...guess not now. LOL. We are now up to 6 banks buying/selling the IQD, Wells should be on board next week! International acceptance is no longer a concern for me, put a fork in this meat, it is DONE!
12-24-2016 Intel Guru Frank26 [...would you please explain why we are going to exchange our dinar instead of cash them in...] To cash them in would give you the value that they are now...to exchange them is because the exchange rate changed.
12-24-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) SHOULD BOTH DROP THEIR NUMBERS TOGETHER TO ADD VALUE AND BEGIN THE RACE TO FULL VALUE, WHICH WILL BE AFTER MARCH 20TH...! THESE ARE EXCITING TIMES! IT WAS NO MISTAKE THAT THESE TWO SHIA BROTHERS WOULD BEGIN "THE RACE" TOGETHER, BECAUSE WE REMEMBER "THE DEAL"! BY THE END OF MARCH TO MAY, WE WILL SEE MAXIMAL VALUE OCCUR! IT'S TIME NOW FOR OIL TO BEGIN A RUN. TODAY WE SEE THE NUMBER 1 PRODUCER, RUSSIA, SAY THEY WILL MAKE CUTS TO ACCOMPLISH THE GOAL OF RAISING PRICES. THE NEW REALITY WILL LAUNCH IN EARLY JANUARY POSSIBLY, BUT DON'T EXPECT THE FULL DIGITAL ASSET-BACKED REALITY TO BE FULLY VALUED AND SEATED IN PLACE TILL SPRING...IMO.
12-24-2016 Newshound/Intel Guru BGG ...if they keep on this development arc...they are on right now, that kind of security (a U.S. type environment) is achievable and it is in their future. If Iraq keeps going the way they are supposed to go and follow the IMF lead...it will be incredible. They will move forward VERY, VERY fast – THEY WILL MAKE DUBAI (The JEWEL of the Middle East) LOOK LIKE A CHARLIE BROWN CHRISTMAS TREE…
12-24-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review Quote: "They are also working actively on rapidly removing remaining exchange restrictions and a multiple currency practice, in close cooperation with IMF staff." moving to Article VIII is important, And getting in compliance as soon as possible is very good news for us. We have to wait it out and watch...it is good to see the IMF is helping them get there.
12-23-2016 Newshound Guru firefly IMO there is nothing else but to be VERY excited...be prepared for some very impressive news releases this week. Just my opinion but I feel it will unpeg from the USD...And peg to the SDR...As Kuwait is. And like I've been saying for many years, the IQD will NOT float. ...a 1:1 IMO will not fill the void in the budget...3+ is what was refered to in 2012. I have not read anything official to counter that number. They have even more resources and reserves now than back in 2012. Remember...The IQD NEVER devalued, it was turned off due to sanctions! [the plan is coming to a conclusion just as planned.] I see no roadblocks yet, so ...if the plan continues as outlined ... something has to change 1st.
12-23-2016 Newshound Guru loop I would not be in it if I did not think it was going to happen. Iraq is a natural source powerhouse and their currency will reflect that. It's the when that drives people crazy.
12-23-2016 Intel Guru Dr. Clarke ...a handful of major banks in the U.S., suddenly and officially begin trading & exchanging the Iraq Dinar after Dec. 15th. Unofficially International? Why right now? ...foreign currency exchange laws, suddenly changed & enacted, on the commercial business side of the house. Why right now? ...Iraq's new Fiscal year officially begins, Jan. 1, 2017. ...Vietnam's new Fiscal year official begins, Jan. 1, 2017. Santa's BIG Question: "If you were going to pick a Date to shock & surprise the world, with one of the largest financial changes in history, that impacts and affects the entire world, by a very large degree...AND THAT DATE NEEDED TO BE AT THE MOST INCONSPICUOUS, UNSUSPECTING, MOST ILLOGICAL, MOST QUIET, AND MOST UNLIKELY TIME POSSIBLE...would you choose Christmas Day - December 25 or New Year's Eve - December 31, 2016? Friends, tis the Season...of Major Endings, and New Beginnings.
12-23-2016 Intel Guru Bruce Christmas day in Iraq is late Christmas Eve for us. Could we wake up to a special Christmas blessing? Could be. Could we have this before? Possibly. Could it be right around Christmas? Could be. Yes I think we are right where we need to be at the right time. Could it be the greatest Christmas you every had? Could be. Could it be post Christmas you ever had? I think it looks really good right now. ...the rates have been showing on the screens and are moving and trading upward...There is movement. I think they are trying to bring the rate of the Iraqi dinar up in the trading. There will be a target rate when it comes out to us. A rate we thought would be in the $6 to $8 range. I think that is where we probably will be in that range. [post 2 of 2]
12-23-2016 Intel Guru Bruce What is going on Iraq? Sunday is the first day of the business week in the Middle East in Iraq. Sunday is going to be an important day for the banks. For us and the rest of the world, we will have Christmas. However, Sunday in Iraq is a big day because the Lower Denominations are in the ATMs and in the banks, but they are not yet accessible. The people don’t have them yet. The ATMs are on lockdown. They are in the banks. What has to happen for the Lower Denominations to have value? It is called a rate. The rate for the dinar is in the budget. The budget has been passed, published in the Gazette, and the budget is already law. Can we see it yet? No not yet, not until the appointed time. Will Sunday be the special day of the Lower Denominations being available? Could be. Is it special because the rates of the Iraqi dinar will be seen visibly out and all to be celebrating and available? Quite possibly yes. [post 1 of 2....stay tuned]
12-23-2016 Newshound Guru wmawhite Article: "Babylon Bank calls its customers the implementation of foreign credits and remittances at the official rate" Quote: "Babylon Bank renews its call for the implementation of his customers his foreign credits and remittances and official rate of the Central Bank of Iraq." BINGO! This is what we are waiting for; implementation of foreign credits and remittances at the official rate. Paying their foreign bills with the IQD... currently all banks within Iraq settle all foreign credit and remittances in the USD...There also appears to be a movement within the banks to settle all foreign credits and remittances in the IQD...
12-23-2016 Intel Guru Frank26 IMO...the budget will be activated on the 31st. If they do...they will need a rate...somewhere between Dec 20-26...Then watch in the next 3 months the RV evolve into the float. They will end with a cap. They talk so much about a 1 to 1. The Minister of Planning and Finance talked about a rate back in 2012...which would have taken it to $3.86...but they weren’t ready. When they raise the rate...it will FLY ...and be controlled. It will be further controlled with a cap so that it doesn’t get out of hand like Kuwait...In Kuwait...it got up to $13...it got out of hand. In my opinion...once they reach that cap...it will be allowed to grow past that. Immediately after the RV starts (released)...it will start the process of calculations of the IQD...calculate for at least 3 months.
12-23-2016 Newshound Guru 1bobby [With the IQD in US banks. Does that take the IQD out of the exotic currency list?] Nope an exotic currency deals with the trading speeds/elements of the currency. Kuwait is still an exotic due to it's trading factor. Just them tracking it says a lot. That's not saying the IQD is "in the banks" just an electronic tracking. Now some banks still sell it but this deals with tracking a "buy sell rate" [I have some that I would like to trade quickly, at a revalued rate of course.] I think we'll all be dealing with that issue soon.
12-23-2016 Newshound Guru Kaperoni [there's a reason all of the govt or CBI issued reports outline plans for 2016 or 2017 through to 2020.] All of Iraq's forecasts are done in 5 year increments. I have stated several times, currency reform is a priority for a market economy. The forecasts are all inclusive to achieve the goal of a vibrant market economy, not 5 years to currency reform. In fact, currency reform/international convertibility is absolutely required before investors will come into Iraq to build a private sector/market economy. Therefore, I continue to believe we will see the reforms begin very shortly so they can achieve the success and growth of the economy to meet the forecast timeframes.
12-22-2016 Newshound Guru 1bobby I'd say the complete liberation of Mosul would be nice but not necessary. The budget should take place the 1st of January and will be interesting to see it's implementation. The budget does not hinge on Mosul being liberated. Now when they speak of the Natl Reconciliation, everything hinges on the liberation of Mosul...But...they are taking the steps as far as support for that to be approved and implemented once Mosul takes place.
12-22-2016 Newshound Guru loop Article: "Oil exceeds the threshold of $ 55" I was reading through the IMF’s SBA 1st review with Iraq and saw that they calculated that every dollar over the $42.00 budgeted amount for a barrel of oil would equate to 1.4 billion dollars more revenue. Not the 1 billion that some Iraqis have been quoted saying. If oil continues to trade at these levels their windfall will be in the neighborhood of 18.2 billion dollars. [No doubt, oil will help stabilize their economy, but non oil revenue will become as one aritcle said an explosion of possibilities in the near future.] I agree. Once the private sector gets rolling oil will not be as big a threat to their economic stability. Diversification is the key and with their nature resources their will be an economic force to be reckoned with.
12-22-2016 Intel/Newshound Guru Mnt Goat So, this approval is geared more towards the movement of the Iraqi dinar from article 14 to article 8 of the UN charter under mandates for member nations. This is, of course, terrific news for Iraqi currency investors. Article 8 means to operate under “international” constraints and Iraq now has new obligations under Article 8. They have proven worthy of this move. So logically the currency is now more available to the banking system and is now showing up in many banks. Remember also banks can refuse to trade in any currency if they chose to do so. So not all banks may now have the Iraqi dinar. The Iraqi dinar may now be international but the rate we all expected is not yet shown. This is exactly rolling out like so many good people have told you... this roll out would be slow and gradual. Not before Christmas or before the new year but in EARLY 2017! [post 2 of 2]
12-22-2016 Intel/Newshound Guru Mnt Goat THE REVALUATION OF THE IRAQI DINAR HAS NOT HAPPENED! The country of Iraq is still mandated to use the provisional rate as dictated by the CBI. This rate is subjected to the market rate of about 1180 – 1300 dinars to the US dollar. Okay so a few banks are now selling and buying the Iraqi dinar once again in the western countries. I do not yet see it in Europe. Legally they could have resumed trading the Iraq dinar since June 2013 (when Iraq was lifted from many sanctions)... This is also based on the successes against ISIS and the recent statements made by the IMF over the success of the SBA reform progress. [post 1 of 2....stay tuned]
12-22-2016 Newshound/Intel Guru Bluedog Article: "Rasheed announced stopping operations of deposit and withdrawal of savings accounts as of Sunday" WHAT A FIND IF TRUE IT'S GOLDEN...
12-22-2016 Intel/Newshound Guru Backdoc SINCE PRESIDENT MASUM RECEIVED THE BUDGET WITH CHANGES ON THE 18th IT BECOMES LAW EVEN WITHOUT HIS SIGNATURE WITHIN 15 DAYS. I'M GLAD ITS ALREADY SIGNED. INTERESTING THAT 15 DAYS TAKES US TO JAN. 2 nd! JUST AS FRANK [Guru Frank26] SAYS THIS IS PRECISION TIMING. BLACK GOLD, MARKETS REACHING A MILESTONE, AND CONTRACTS WHICH MAKE THE BUDGET NUMBERS WORK. THIS IS NOW DOWN TO TIMING. LET'S ALL ENJOY THE PROCESS FROM LAUNCH TO THE REAL VALUE AFTER MARCH 20 th. [post 2 of 2]
12-22-2016 Intel/Newshound Guru Backdoc I'M WATCHING OIL VERY CLOSELY...I KEEP THINKING OF THE ISX BEING CLOSED FROM THE END OF THE TRADING DAY ON MONDAY THE 27th! I THINK ITS LIKELY THE WINDOW COULD START AT THAT POINT UNLESS THEY CONTINUE TO BLOCK INTERNATIONAL STOCK TRADES UNTIL THE NEW YEAR. IF AN INTERNATIONAL RATE OCCURRED PRIOR TO THE 28th STOCKS WOULD HAVE TO BE BLOCKED FROM TRADING INTERNATIONALLY IF THEIR PLAN IS TO IMPLEMENT ON JANUARY 1st RIGHT? [post 1 of 2....stay tuned]
12-22-2016 Intel Guru Frank26 IMO...they are completing the RI ...and I believe in all honesty this happened this past week. When the RI occurred this last week...Iraq was taken out of “time-out” and brought back into the International Club. I believe that the “float” for the IQD started a long time ago. IMO ...based on the numbers we are calculating ...it will be before Christmas...many banks that are now selling the IQD...IMO...the banks in the USA are ready or are in position to exchange the IQD at whatever rate it wants to be. ...CitiBank...they said they are not exchanging the IQD yet...but the guy on the phone said they are waiting for an update on the rate. Again...there will be no fanfare... This week is an interesting week. [post 3 of 3]
12-22-2016 Intel Guru Frank26 There is another set of numbers...(total of 3 by the way). These numbers will deal with the budget paying its bills / loans. It is part of a float ...but the float will catapult the price of oil even further. The 1st numbers will deal with the debt/deficit that they have. The 2nd set of numbers will pay for their bills. Neither of these numbers have been reached ...yet. The number of the oil in the contract is what matters. The 1st set of numbers should be in the budget at 1 to 1...(for 3 months)...The float that goes into the 2nd set of numbers (that goes into the contracts). The 3rd set of number...(towards the end of 3 months)...these deal with the numbers that are CAPPED. ...as oil floats...the rate will also float. [post 2 of 3....stay tuned]
12-22-2016 Intel Guru Frank26 The 2017 budget is signed...but if it’s not fueled properly...it won’t accomplish anything. The usage of its OWN currency in needed. ...historically...and for the first time it is signed and ready to launch based on certain numbers. ...we have calculated the numbers that are necessary that must be in the budget. The price of OIL is not the only factor...but IMO...is the LARGEST factor ...the oil prices in December will climb to around 60...and in 3 months ...around March 2017...we should see it in 100 to 120 range...then in the summer it will go back down around 60. The budget needs to maintain itself somewhere around 60... this number is what we are looking for with Brent and WTI oil. This budget is very close to being released. Calculations are to the point to where the budget is going to work. The number we came up with...IOO...will maintain the 1 to 1 rate. [post 1 of 3....stay tuned]
12-22-2016 Intel/Newshound Guru Mnt Goat We know that Vietnam had a 5 year moratorium put on their currency as penalty for money laundering for China. This was done around 2011. Then they signed up for with the IMF much like Iraq is now experiencing in its SBA. They have made great progress and are moving forward very quickly. In fact it is almost unbelievable what progress they too have made. They too, like Iraq, are under the IMF “sustainability” reforms. Do you know the Dong almost revalued in the past to a significant amount, but due to corruption was held back. So like Iraq this period is coming to an end as the needed financial reforms are kicking in.
12-22-2016 Intel Guru ADMINBILL SOME FEEL, WITH BANKING CONNECTIONS THAT IT IS ANY MOMENT...STILL OTHERS BELIEVE BY FRIDAY IS NOT DOABLE….. THE 26TH AND BEYOND BEING MORE REALISTIC.
12-22-2016 Newshound Guru Aggiedad77 This is all solely my opinion...but I got to thinking about the price of oil...the $60/barrel price is key...the reason so...IMO...is that the $60 price is Brent Crude price...it is always...always higher priced than the Iraqi oil will be per barrel...So at $60/barrel Brent...break-even maybe...hopefully for the Iraqi budget...above that point...gravy rolling in for the Iraqi's...sure we pay more at the pump as it goes up...but this is an instance where I wouldn't mind that if it brings on an RV for the world...again all IMO.
12-21-2016 Intel Guru RayRen98 Everything in Iraq looking extremely well and moving right along. On Monday two banks were now buying and selling dinar. Rates not favorable but capability was there. This was a 180 degree turn. A powerful thing to happen for what we were looking for. An International traded currency. That needed to take place. Now, just looking for the value to change. This is a strong indication. Now five banks and possibly six banks. We’ve checked and rechecked these five banks. CURRENT WINDOW: They (banks) have information circulating to them to be ready to exchange customers before Christmas...If it’s not by Christmas...I expect it one or two days after. We waited for it to be International. For all intents and purposes that is done. Now we are waiting on the rates.
12-21-2016 Newshound Guru Adam Montana Now, of that 30 trillion in "cash" that is floating around, how much of that is held by people who are wanted for crimes? How much of it is simply "lost", out of the country, held in a safe somewhere and simply will not be able to be cashed, before the large notes are declared "dead"? I think it stands to reason that an EASY 50% of that number will simply vanish and not have any influence on what the CBI is liable for during the "Cash In" phase. There is a lot more to say about it, but that's a good starting point. Bottom line for me is that "cash" number doesn't concern me at all. [post 2 of 2]
12-21-2016 Newshound Guru Adam Montana [I have seen many articles stating that there is about 30 Trillion dinar in chunky cash (under the mattress) inside Iraq. How is possible for the CBI to increase the dinar exchange rate with 30Trillion dinars inside Iraq?] That figure gets thrown around a lot, but there's no way to prove or know WHO has that physical cash or WHERE it actually is... regardless, I can put that worry to rest VERY quickly. How much of that money is in large bills? A LOT. And how quickly could the CBI declare large notes NULL and VOID? It could easily be done in 30 days. [post 1 of 2....stay tuned]
12-21-2016 Newshound Guru loop Article quote: "the Central Bank of Iraq has performed over the past year more than the actions taken for (13) years past in terms of procedures and regulations set by the central bank." HUGE STATEMENT...Second time an outside advisor has said that they are taking care of business and working overtime.
12-21-2016 Newshound Guru Adam Montana Article: "World Bank Iraq describes a world's richest nations on earth" Even though there's no RV to report, I sure do love it when we get reminded that Iraq is truly one of the wealthiest countries in the world, their currency just needs to catch up...
12-21-2016 Newshound Guru loop (new guru) Article: "World Bank Iraq describes a world's richest nations on earth" Quotes: "Description of the World Bank, Iraq "one of the richest countries in the world on the face of the earth." "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts." Who said this? Middle East director of the World Bank Farid Belhaj..."BOOM" HUGE STATEMENT. I cannot recall a time where an official representative of the World Bank has come out with a statement like this...HUGE HUGE HUGE.
12-21-2016 Intel Guru Bruce Iraq been done. Their LD been out in the provinces. They have made a lot of progress. Some of the story has to do with the information of the liberation of Mosul which we understand is liberated now. For some reason they haven’t really put that out on the news. I understand that probably will change here pretty quickly. Some things were done to sort of level the playing field with the rest of the Tier 1 banks other than Wells Fargo in this country. Also the other banks got the opportunity to work with their existing customer bases on some currency. They had some buy and sell opportunities with the Dinar. I believe our little slight wait we have right now has to do with trading the dinar and getting that currency and possibly the Dong up a bit higher before it is revealed to us.
12-21-2016 Intel Guru Frank26 The IMF worked very, very hard with Iraq to maintain their numbers, MCP and to remove their restrictions on their currency to become internationally accepted. If banks are now selling the IQD...how long does the UST expect the American banks to hold-on to this basically worthless currency? Smells very strong of an RV...doesn’t it? To show NO RESTRICTIONS...means Article 8 have evaporated. All they need to do is raise the value of their currency. IMO – this year...2016. My new time line is the 20th to the 26th of this month. With the budget coming out to the internationally world by December 31st...IMO – the US Treasury is very happy...hence why the IQD is being made available in the American banks. I see international compliance...accepted before the RV of their currency...(that’s the RI). ...IMO...they have completed the RI! IMO...it is the RV that is next. There was no announcement of these American banks with the IQD? (no memo) Very few knew about it. No announcements. It just happens. So will the RV.
1-13-2017 Intel Guru Jester IT APPEARS THAT OTHER THINGS ARE IN THE WORKS... I AM TOLD THE BUDGET IN IRAQ IS PASSED... YOU DON'T SEE THAT ANYWHERE I FIND YET... WE'LL SEE...I AM TOLD ABADI IS COMING TO THE INAUGURATION AND HAS A MEETING SET UP WITH TRUMP... AGAIN, WE'LL SEE...I HAVE CONFIRMED THAT TRUMP DID INDEED INVITE HIM...
1-13-2017 Newshound Guru loop Article: "The Trasport Ministry is putting pressure on the Korean company constructing the port of FAW's breakwater barrier to finish the project." The Transport Ministry is willing to expedite the process from their end by removing administrative obstacles. The port of FAW has the potential of being a huge revenue generator once it is fully operational...they plan on being a gateway for import goods going to Europe via the "dry canal" (Railway System) that they are currently constructing.
1-13-2017 Newshound Guru rcookie Article: "Iranian company intends to invest an industrial city border..." [There is an amazing amount of news about people coming to Iraq, such ambassadors (Canada) and more companies (Russia).] AGREED....CANADA... RUSSIA...IRAN...JAPAN...AND THATS JUST TODAY...
1-13-2017 Newshound Guru Phillyman [new Guru] Article: "Parliament to raise its next Sunday" Quote: "Raised the Presidency of the Council of Representatives, on Thursday, its second session of the second legislative term of the third legislative year to next Sunday, while the meeting included a vote on the Supreme Judicial Council Act." ...they are done till Sunday and the only vote taken I could find was for the Judicial Council Act.
1-13-2017 Newshound Guru loop Article: "Warka Bank" .. Citizens lament the huge sums of money entered did not graduate" Quote: "The manipulation of banks and private civil entitlements of citizens, is extremely dangerous, the fact that those practices and behaviors cast negative impact on the citizen's confidence in the Iraqi banks in general, and especially the private banks." ...more proof that they a righting the ship and cleaning up the mess. People were not able to get the money out that they they deposited 7 years ago until just recently. Most likely they will be put under the tutelage of the Central Bank. ...Alak has said that the Central bank will make sure that the citizens will get there money back even if the CBI has to do it. Rebuilding the trust in the banking sector is paramount to the success of Iraq moving forward.
1-13-2017 Intel/Newshound Guru Mnt Goat Article: "Iraq and Japan signed on Tuesday a memorandum of loan - related reconstruction of the electricity sector - the third phase." do you think they will need electricity to run those ATM machines, debit card swiping machines? Its not all just about those running those AC units. Did I mention computers for e-dinar banking also work off of electricity? ...Its all interconnected.
1-13-2017 Newshound Guru Adam Montana [When you read articles pertaining to the RV, what are some of the signs or tip offs that you see in an article that tells you something is going to happen? Also, is Iraq in another holding pattern now? I haven't heard much coming from the Parliament lately.] I don't actually look for "signs" or "tip offs", I pay more attention to patterns and "big picture". But regarding Parliament, I disagree there - I'm seeing a lot of good patterns continuing and also new ones emerging.
1-13-2017 Newshound Guru mike Article: "Deputy: Parliament on the verge of the task and the law of oil and gas in its priorities legislation" I don't believe we'll see an HCL until both the Kurds and Baghdad have new leadership. Barzani and his people are as dug in as the Shia that dominate Baghdad. The HCL will provide transparency to the people and the world and these guys aren't having any of that. It's going to take a seismic shift in the Iraqi political scene before that's going to happen.
1-12-2017 Newshound Guru Adam Montana [If Iraq is borrowing money, how can they afford to RV?] That's a non-question... a financial company is building a 20 million dollar structure across the street from one of my commercial properties. I am personal friends with the banker who handles their loan... they don't need a loan at all, they have at least 5x liquidity to cover the entire project. Why are they borrowing the money, then? Because that's what smart money does.
1-12-2017 Newshound Guru Kaperoni Article: "The Ministry of Planning is responsible for the implementation of private sector development strategy" Currency reform must be completed before any market economy can begin.
1-12-2017 Intel Guru Frank26 A beautiful thing happened at the CBI...early morning today. [reference Guru Delta post 1-12-2017]. If they have lifted the 3 zeros...then sanctions should have been lifted by now. I am also of the school of thought that it would be very embarrassing to come out with a program rate...especially if you lifted the 3 zeros...which means you’re in Article VIII ...but can only be defined IF Chapter VII was lifted – ONLY! As the international money comes into Iraq through IBAN...it will flood the country with currency.
1-12-2017 Intel/Newshound Guru Backdoc THE IMF STUDY CLEARLY STATES THAT YOU CAN'T CONVERT A DIGITAL CURRENCY TO A NON DIGITAL CURRENCY! THE NEW DIGITAL CURRENCIES WILL REPLACE THE OLD ONES NOT CONVERT! ...SO WE KNOW EXACTLY WHAT WE ARE LOOKING FOR, THE NEW DIGITAL DOLLAR SINCE WE ALL KNOW THE OLD DOLLAR AS IRAQ STATES IS NOT DIGITAL! THE TIMING IS NOT ABOUT THE BUDGET OR ANY OTHER THING IN IRAQ IN MY HUMBLE OPINION, IT IS ABOUT THE ARRIVAL OF THE NEW DOLLAR WHICH IS COMING THIS WEEKEND OR NEXT MOST LIKELY, IMO
1-12-2017 Intel/Newshound Guru Backdoc THE NEWLY ACQUIRED IBAN NUMBER IN IRAQ CAN NOW EFFECTIVELY MOVE FUNDS INTERNATIONALLY ON A DIGITAL PLATFORM IN SECONDS NOT WEEKS! REALIZE THIS IS ONLY A PART OF THE WHOLE SYSTEM THAT NEEDS TO BE ADMITTED BUT MORE WILL COME IN THE NEXT FEW DAYS I SUSPECT! ...YOU CAN'T SEE THE NEW ASSET-BACKED DINAR TO EXCHANGE UNTIL THERE IS A DIGITAL CURRENCY TO EXCHANGE TO PERIOD! THE POTENTIAL NOW EXISTS ONCE IRAQ'S COMPLAINT IS SATISFIED! WHAT COMPLAINT? ...THEY COMPLAINED ABOUT NOT BEING ABLE TO DISPOSE OF THE OLD DOLLAR BECAUSE THEY HAD TO WAIT UNTIL THE U.S. TREASURY ANNOUNCES THE NEW ONE! [post 1 of 2....stay tuned]
1-12-2017 Intel Guru ADMINBILL HEARING TONIGHT MAY BE IN THEY CARDS. REMEMBER, THE KEY WORD IS ALWAYS "MAY". KEEP YOU FINGERS AND TOES CROSSED.
1-12-2017 Intel Guru Delta ...IT LOOKS LIKE THE RATE ON THE SPREADSHEET OF CBI IS GONE NOW ALSO...SINCE THE START OF 2017...NEW RATE IS COMING!!! CAN I SAY BINGO!!!
1-12-2017 Intel Guru RayRen98 [After the Budget is released to public to see will that have 1] new rate ...2] or do you think it will be after January 20th when Abadi comes to the Inauguration of President Donald Trump?] That’s what we are being told, that it will be in this Budget. I don’t think it will wait until after the Inauguration, because of everything that has taken place, but if so, so be it. It’s not that long away, after all! [Is the Budget in the Gazette?] The Budget is not in today’s Gazette, but there is an expectation of seeing in Sunday’s Gazette. WE wait to see what happens next.
1-12-2017 Newshound Guru Adam Montana [Who is going to give in first on the HCL issues. From what Im understanding the whole HCL thing is just a matter of the percentage of the budget.] "Who" is going to give in first? That's a question that just makes me GIDDY with joy, because nobody has to "give" in at this point... they are truly at a place where everyone is moving forward, everyone is winning, and things are just going great for us! I can almost envision a red carpet rolling out in front of us (and them) on the current path. Something REALLY bad will have to happen to change that.
1-12-2017 Intel/Newshound Guru Mnt Goat "President Fouad Massoum on "financial budget law to 2017", has approved the federal budget of the Republic of Iraq for the fiscal year 2017 ″, noting" that it was sent for publication in the Official Gazette ". ...this will not mean an automatic RV, nor that the “RV new rate” will be written in the budget for us to see.
1-12-2017 Newshound/Intel Guru Arthur On the security front, we see massive progress to the point where many believe the final liberation flag could be flying over the center of Mosul as early as end of this week. We also know that just days ago PM Abadi closed the boarder with Iran and issued a blackout. When we consider that the UN/CBI has not updated on their usual schedules, and that we are now being told that many bankers are seeing blank rates on their screens with only an 800 number for further information, and that just days ago the Electricity Minister of Iran postponed the signing of further contracts with Iraq until as he said "the new exchange rates are taken into consideration," and that the Iraqi 2017 budget has been signed with a 7 day constitutional deadline for entry into the Official Gazette, as we are just days away from the inauguration of new American leadership, we now have a perfect storm to finally see this blessing ANY DAY NOW IMHO.
1-12-2017 Newshound Guru Adam Montana I believe the HCL is closely tied to many things, which is why it couldn't be passed successfully in the past. Too many things are intertwined into it! This is not a "magic wand" situation... Many many factors are part of this complex process, and every time we see a positive article from Iraq regarding utilities, trade, government, and a slew of other elements have to come into place for Iraq to RV. They could just RV today, but without a little more stability in their infrastructure, the value could easily crash before we even get to cash in... nobody wants that! So as intelligent and (sometimes) patient investors, we continue to watch and root for Iraq. Our patience will be rewarded. It's just a matter of time.
1-11-2017 Intel Guru Delta ...on the 8th...the CBI sending message to all money changers...the CBI will no longer be involved with the auctions – The CBI is handing off the auctions to the banks – (as it should be). With the IBAN System...money will be able to move in and outside of country... The exchange rate has NOT changed on the CBI website yet...but the CBI’s website still shows January 4, 2017. Only one thing left...the dinar has to change...and that announcement has to come from the CBI. Looks like they’ve got the GREEN-LIGHT! ...the only thing left is to raise the value...The CBI has to make their move... release the lower denominations. From now until Thursday is going to be interesting.
1-11-2017 Newshound/Intel Guru Arthur Two days ago we saw a CBI announcement calling for the "conversion" of what they call "uncles" which we have translated to mean the large notes held in Iraq and perhaps even globally. We then saw them transport a large amount of money to their largest bank which they say ended their over 2 year long severe liquidity crisis and IMO will facilitate this massive conversion from the aforementioned "uncles" to their lower denominations thus beginning the delete zero project on schedule in "early 2017". [post 2 of 2]
1-11-2017 Newshound/Intel Guru Arthur ...we see several key progressive movements over just the past few days that give rise to much excitement and anticipation. Iraq's IBAN (International Bank Account Number) that every country needs to conduct international banking and commerce that was set up in December went into full effect on January 2nd giving Iraq the ability to do banking and commerce with the international community. [post 1 of 2....stay tuned]
1-11-2017 Newshound Guru Stryker It's just a matter of days and we will know if the new rate is in this years budget.
1-11-2017 Newshound Guru Adam Montana 2016 is in the rearview mirror. Upwards and onwards! A lot of things took place towards the end of last year (just a few weeks ago...!), and Parliament is kicking the year off with a lot of forward progress. ...my current optimism has to do with how I see the tortoise gaining on the hare in this race, slowly but definitely steady. In fact, the Budget may already be ratified and sent to the Gazette according to this article, and that is probably the SOONEST they have EVER got this done! Article: "Masum Approves The budget For Fiscal 2017 Act And Sends It To The Official Gazette For Publication!" That, my friends, is real hardcore reason to be positive about the immediate future!
1-11-2017 Newshound Guru Kaperoni Article: "Iraq is approaching exit from Chapter VII" Quote: "In the case of Iraq out of Chapter VII, it could recover the frozen his assets in foreign banks by $ 50 billion estimated roughly, as well as in the Development Fund for Iraq, which also will be able to his money management without international tutelage, and will allow him re-assume its place on the scene international, as a member of an active and influential in them." This is why Iraq is not worried about its reserves. The day the UN votes to officially remove them from VII, Iraq will go get the $50 billion and anything left in the DFI. Iraq's reserves could skyrocket to $90 billion or more in very short order.
1-11-2017 Newshound Guru mike "Central Bank supports the international mathematical figure the "IBAN" It will ...provide transparency for the Iraqi banking system. This is part of what the US Treasury is doing in Baghdad, it will greatly reduce the funding for terrorism.
1-11-2017 Intel Guru Frank26 We’ve been looking for the security of Mosul. The stability/security of Mosul is most importance. 72, 72, 72 [hours]...I don’t care how many more Abadi wants...let him have them. The CBI needs to feel confident to release the rate. IMO – Mosul security/stability and the MR are tied together...but not necessarily the KEY to the MR. IMO – Baghdadi is. In the Middle East...they always take things down to the last nanosecond. We are on course.
1-11-2017 Newshound Guru loop Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" IMO it is another part of the deletion of the zeros process falling into place. They will be able to track where all the money goes on an international level, which will ensure that the funds do not go to anyone on the blacklist.
1-11-2017 Intel Guru Bruce We understand tomorrow [Wednesday] everything will be in the budget. That is the information about Iraqi bills that were passed, all these laws, all should be put in the Gazette in the morning. The rate value of the Iraqi dinar should be in the budget and seen in the Gazette tomorrow [Wednesday]. Mosul has been liberated for some time now. That flag we understand that has been flying in Mosul...The knowledge in the news has not come out. I believe we are in a moment and moment and ready for a blessing to come in very shortly. I have been in this for 12 years and didn’t think it take this long to get this far. Even so, I am very encouraged where we are right now. Everything is moving in that correct direction for us. We are highly anticipating something happening. We are getting to the very end of this ride.
1-11-2017 Intel Guru ADMINBILL Can't hold this up as it is done and the thing we are waiting on is the final steps to line up all the countries to the asset back Gold Standard. A contact said Jabbari is ecstatic and the contact said yesterday this is imminent... In all likelihood we will see activity sooner rather than later...Perhaps before the Inauguration. It may not be tomorrow or the next but we are closer than a Louisiana frog's hair...IMO.
1-11-2017 Newshound Guru rcookie Article: "UN calls for "real" investment opportunities in Basra." SO...THE NEW UN SECRETARY GENERAL GUTTERS TOWARD ADVANCING ECONOMIC INVESTMENT OPPORTUNITIES IN BASRA AND OPENING THE PRIVATE SECTOR SPACE TO DRIVE THE IRAQI ECONOMY BY CREATING REAL OPPORTUNITIES OF ATTRACTING COMPANIES AND CAPITAL TO BASRA...AND WILL BE SPONSORING A GLOBAL ECONOMIC CONFERENCE AND THE FEDERAL GOV'T COMMITMENT TO ACTIVATE AND SUPPORT THE PRIVATE SECTOR AND GUARANTEE PENSION RIGHTS FOR WORKS TO PROMOTE CONFIDENCE WHILST PROVIDING EMPLOYMENT OPPORTUNITIES FOR YOUNG PEOPLE OF THE PROVINCE... THEY ARE ATTACKING THEIR UNEMPLOYMENT AND POVERTY LEVEL ISSUES ON THE WORLD STAGE WITH GLOBAL AGENCY SUPPORT...
1-10-2017 Newshound Guru rcookie Article: "Urgent infallible approve the 2017 budget law" Quote: "...initiated this law in order to approve the general budget of the Federal Republic of Iraq for the fiscal year 2017," referring to the "sent for publication in the Official Gazette." 2017 BUDGET LAW GOING INTO GAZETTE...
1-10-2017 Newshound Guru Kaperoni "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Spectacular news! ...its important for the transfer of funds to and from Iraq. A step closer.
1-10-2017 Intel Guru Frank26 There was an issue that occurred...which they told us about in December. Accepted...and now implemented on the 2nd of January. The IBAN...The CBI supports the INTERNATIONAL process...IBAN allows a bank to do transactions with another bank in another country... INTERNATIONAL transactions! Currently Iraq is under sanctions ...so why would IBAN waste their time with Iraq if they didn’t plan to be INTERNATIONAL? Why are we excited? IBAN gives international banking account numbers. IBAN cannot be used with a PROGRAM RATE! The software in IBAN is only for INTERNATIONAL TRANSACTIONS...they are telling you something without showing you the rate...YET! How is Iraq using IBAN with a program rate? There is NO RATE on the CBI website...
1-10-2017 Intel Guru Bluwolf GOOD BYE, FAREWELL, ADIOS...what was far fetched for many now will be a reality...we await the FINAL go (within hours according to sources)...this is the year of jubilee, abundance, peace, truth and freedom in all levels. I want to thank you for riding through this storm with me...Happy New Year and Happy Journeys, Na'maste Bluwolf.
1-10-2017 Intel Guru RayRen98 Mosul is reportedly at 80 percent in the west [east??]. Parliament is looking for the remaining ministers to be resolved. On Iraqi TV, the budget has been approved and on the way to the Gazette (again). Claims that it will be opened to the whole world. I am still being told to look for a new rate when the full budget is released. Time Will Tell. The CBI site remains unchanged for several days now. Hmmmmm?
1-10-2017 Newshound/Intel Guru BGG ...article about the greatly tightened border scrutiny of borders and ports with respect to currency moving out of their borders...I think a lot of people missed that one about the borders last week...it was much bigger than the 'airplay' it got...shows a serious 'sensitivity' to currency moving outside the borders in an uncontrolled manner. Which begs the question - why? In conrast - the US doesn't worry too much about currency moving around... why is Iraq's 'currency sensitivity' so heightened right now? the answer is easy - they've already told us.
1-10-2017 Newshound Guru Enorrste "Central Bank supports the international mathematical figure the "IBAN" starting from 2 January 2017" Here is what IBAN means: "The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors." Therefore, this is a major step in prepaing to go international with the dinar. By accepting the IBAN system they are saying that the rest of the world can access Iraqi bank account information if necessary. This is a huge opening and will prepare the way for entry into Article VIII and international trading of the dinar, in my view.
1-10-2017 Newshound Guru Mailman17 NOW, WITH THAT SAID, ADD IN THE OTHERS, ESPECIALLY THE NATURAL GAS. THIS IS WHY THE WORLD BANK IS THINKING IRAQ WILL BE ONE OF THE TOP 5 RICHEST NATIONS IN THE WORLD. IF THAT DOESNT QUALIFY THEM TO BE A RESERVE CURRENCY, I DONT KNOW WHAT DOES. BUT TO BECOME THAT, THEY NEED STABILITY. AND THAT IS WHAT THEY ARE WORKING ON. WHEN IT COMES DOWN, THE DINAR WILL BECOME WHAT IT WAS INTENDED TO BE. AND LETS FACE IT, THE US DOLLAR IS OVER PRINTED IN THE MARKET, YET IT REMAINS A RESERVE. FOOD FOR THOUGHT AND AS ALWAYS...JMO. [post 2 of 2]
1-10-2017 Newshound Guru Mailman17 LETS FORGET ONE SECOND ABOUT IRAQS GOLD, NATURAL GAS AND OILS. ALBEIT THOSE ARE VERY IMPORTANT RESOURCES TO HAVE AND THEY HAVE PLENTY OF IT. THE PROBLEM I HAVE IS THAT MANY FORGET THE PAST NEWS REGARDING IRAQ. PHOSPHORUS IS AN ELEMENT USED IN MAKING MANY THINGS, PARTICULARLY STEEL PRODUCTS AND MOST IMPORTANTLY MEDICINE. AS REPORTED YEARS AGO...THE WORLDS SUPPLY OF THIS VERY IMPORTANT ASSET/COMMODITY/MATERIAL WAS AT A LOW OF 15%. IRAQS PHOSPHORUS RESERVE IS ENOUGH TO BRING THAT NUMBER UP 10 100%. IF IT IS THAT IMPORTANT, THAN THE OTHER ASSETS THEY POSSESS ARE ICING ON THE CAKE. [post 1 of 2....stay tuned]
1-10-2017 Intel Guru Frank26 There seems to be an EXCITEMENT for the new President coming in...and the old one leaving. We’ve certainly had our days of delays with Obama and Maliki. It’s time to move forward. We feel in our hearts that there is a plan... Abadi will be in DC around the 20th for Trumps inauguration. Abadi is NOT just coming for the inauguration. I think Abadi will stick around for 3-4 days...media will be shut-out. These meetings will have a lot to do with the fuse being lit. Again, I don’t know the date. I don’t look for a date...I don’t care if it goes into February / March. Oh dear...Frank said Feb/Mar... The RV can happen at any date. There is no date. Iraq is a sovereign country. BTW – the USA does not believe in giving any country (that is working on their MR) a billion dollar loan if they are not interested in increasing the value of their currency...or doing a LOP.
1-10-2917 Newshound/Intel Guru BGG Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" That is big news... Their IBAN 'unification' is a very big move...looks like we could see the start of international "re-integration" soon.
1-10-2017 Newshound Guru rcookie GOT A WHOPPER FOR YA. Article: "Central Bank announces the adoption of the international mathematical number (IBAN) makes all the conversions" Quote: "...introducing the international bank account number (IBAN) system in Iraq." THIS IS BIG NEWS BECAUSE IBAN HAS BEEN PART OF THEIR WORKING BANKING SUPERVISION FOR MANY LOI'S FROM THE IMF...AND TODAY... BOULYAAAH! ABSOLUTELY ... HUGE!
1-10-2017 Intel/Newshound Guru Mnt Goat [What is the next phase you keep mentioning? to me it is either going to happen or it's not.] It is not all about some magical date when someone pulls a trigger and ...wamo its all better and everyone is filthy rich! NOT! But instead the “project to delete” the zeros has many components to implement and like Dr Shabiib had told us in 2011 that the effort is a multi-year, a 5 year effort. Then they told us again in early 2015 that it was a 2 year effort, (meaning three years had passed and two more remained). Then in late 2015 they told us 1 more year remained (meaning 4 years had passed and 1 more year remained), and we should look for it in early 2017.
1-9-2017 Newshound/Intel Guru BGG [..."re-integration." Is that the same as revalue...are we still believing that they will revalue around .90 equal to 1 dinar to begin with?] That's not exactly the same..."re-integration" is more like a term the international community is using to describe this move to "re-engage" Iraq with the rest of the world economically. It is likely sometime around the same time they will start the project to "Remove the 3 Zero notes" as they have outlined over and over...the beginning stages of this "project" will likely include some change in the value of the Dinar. This is the stage most here are after - but there is much more to follow as well. It get more and more exciting by the day.
1-9-2017 Newshound Guru Mailman17 WE ARE NOBODY IN THE GRAND SCHEME OF THINGS. THE AVERAGE IRAQI HAS SQUAT IN DINAR. AND IF YOU DO, YOU WILL BE DEALT WITH AN OPTION BY THE BANKS IN IRAQ TO COMPLY TO THEIR RULES WHEN DEPOSITING. AS FAR AS WE ARE CONCERENED, WE TOO WIL BE DEALT WITH FAIRLY, WITH THE BANKS MOST LIKELY TURNING OVER OUR DEPOSIT FOR CREDIT AND OUR MEASLY DINAR GOING INTO THE U.S. FOREIGN CURRENCY RESERVE. THE AMOUNT OF DINAR OUTSIDE IRAQ HAS BEEN FIGURED IN AND IRAQ WILL BE FINE COVERING IT AS IT WILL BE A VIABLE RESERVE USED BY OTHER COUNTRIES. ...LETS SEE WHAT TRANSPIRES. THE END OF THIS RIDE IS ALMOST OVER. AS ALWAYS...JMO AND IN REGARDS TO IRAQS STATED FINACIALS...LOOK IN THE PAST...ITS THERE...THEIR FINE. [post 2 of 2]
1-9-2017 Newshound Guru Mailman17 THE IRAQI DINAR HAS AND ALWAYS WAS SET UP TO BE A RESERVE CURRENCY. THE U.S. BRITAIN AND THE PARIS CLUB NOT TO MENTION IRAQS NEIGHBORS CAN ONLY BENEFIT BY HOLDING THE DINAR AS A RESERVE. THE MERE FACT THE U.S. DOLLAR IS STILL CONSIDERED A RESERVE CURRENCY IS MIND BOGGLING...YOU ADD IT UP. IF YOU BELIEVE THEIR M0 OR M2 IS THAT HIGH OUTSIDE IRAQ WITHOUT FATORING IN THAT MOST LIKELY 80% OF THAT NUMBER IS HELD BY FOREIGN GOVTS, THEN YOU GOT A SCREW LOOSE. THEY HAVE BEEN CAUGHT NUMEROUS TIMES WITH 2 SETS OF BOOKS. WHEN ADDING UP IRAQS M0 AND M2 FIGURE IN VIRTUAL CURRENCY AS WELL...NUMBERS ON A BOOK, NOT ACTUAL PHYSICAL CURRENCY. THIS IS AND ALWAYS WAS WAY MORE THAN WE COULD IMAGINE REGARDING PAYOUT. [post 1 of 2....stay tuned]
1-9-2017 Newshound/Intel Guru Bluedog STILL WAITING FOR THE GUARD TO CHANGE IN WASHINGTON, AS I HAVE BELIEVED SINCE NOVEMBER LAST YEAR AND ITS COMING...THERE AFTER...WATCH WHAT HAPPENS IMO. IMO NOTHING TILL AFTER THE 20TH AND THEN, WELL CBI HAS THAT DATE...THEY ARE A SOVERIGN COUNTRY AND THE WORLD REVOVLES AROUND IRAQS MOVE. IT WAS PLANNED...ALL OTHERS CAN LINE UP AND GET INTO POSITION BUT WE ALL KNOW IT'S A PLANNED EVENT FROM YEARS AGO...IMO.
1-9-2017 Newshound Guru Shredd Article: "Central Iraq" supports the currency delete the "zeros" dinar" Great to see this is still on track. The initial steps could be very telling as to what we can expect.
1-9-2017 Intel Guru Frank26 Quotes from articles: "Central Bank: the deletion of zeros in early 2017" "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017..." "He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." "Start procedures to delete three zeros from the currency in 2017" ...their goal is to do this at the start of 2017 not later. I think around the first of June where they came out and said we are going to cancel all of this...but I tell you what...we are going to do this in the early part of 2017...we will pick up right where we left off...there were a lot of reasons...the Stability and Security of our country is horrible...we’ve been invaded by DAASH...and here is another thing...and this is the profound part...legally we can’t raise the value of our currency in the middle of a year...we will do it at the early part of 2017"
1-9-2017 Newshound Guru MadDScout My anticipation is with what parliament does on its session to come...This one is chock ful...And this one is Abadi's chance to redeem himself to parliament according to reports... Ministers...3 at the moment...Interior, defense and, finance?
1-9-2017 Newshound Guru tlm724 Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...the CBI has given us ample information yearly about the project. First they say we have a green light and then they recant saying "we aren't quite ready yet" because it was true, they weren't ready. I am excited for 2017 and all the promise it holds. We are fortunate enough to be able to read and study daily and with a little discernment we do get a pretty good picture as to what Iraq is doing. We know they have and are taking the steps outlined by the CBI to get this project launched once and for all. Parliament is supposed to resume their sessions on Jan 10th or there about. We need to see a few laws revised and implemented to insure a smooth transition to a free market economy and more importantly we need to see the economic laws to protect their wealth. You know just as well as I do that the IMF, the World Bank and the US Treasury have their hands in Iraq's piggy bank and they aren't going to let Iraq slip with this, there is too much at stake.
1-9-2017 Newshound/Intel Guru BGG [Guru] RCookie was talking about...a very interesting article...RCookie's article spoke to the border crossing thrust to regulate "currency smuggling" - my take? IMHO - they don't want "unauthorized" currency transfers OUTSIDE the country... ask yourself why? [they are getting ready to revalue their currency?] They have pretty much told us so... in a number of different ways. ...I am suspicious the "outside" number is the one they are most concerned with. Why would they tell us? Because they don't care if you know...they aren't talking to you and I...AND Shabibi did say - they would tell (educate) their people leading up to this event/start of "the project"...
1-8-2017 Intel Guru RayRen98 It is being communicated to look for the Budget to be published in the Gazette in "the coming days." The Iraqi TV is reporting an upcoming realization or turn-of-events in Mosul on Sunday. I am now up to 13 US banks, 1 credit union and four currency exchange companies openly accepting the Iraqi Dinar, just like any other internationally accepted currency. There are probably more out there, I'm just sharing what is being reported to me...
1-8-2017 Newshound Guru loop Article: "Detection Network visit smart cards finance seized 1.5 billion dinars" Quote: "...in coordination with the competent authorities have been caught on one of the gang members and the introduction of appropriate officials to justice and to take necessary legal action against the defaulters." Crime does not pay in Iraq anymore. It has become very apparent that the GOI has implemented strategies to stop the corruption and bring the perpetrators to justice. We see articles almost everyday that is showing this.
1-8-2017 Intel Guru ADMINBILL There is and has been very real and positive movement over the last week that is an indicator to me and others that the RV/GCR project is nearing a level of activity we have not seen in the past. This week is likely to see more and more exciting news as we march to the conclusion with positive motion in Iraq, Vietnam and other countries that we have become familiar with over the years. This is not a guarantee the event will be completed before the inauguration of President Elect Trump...because we do not know what the actual timing of this event is to this day.
1-8-2017 Newshound Guru rcookie Article quote: "Jordanian-Iraqi Business Forum will be held on the sidelines of the expanded meeting on Monday to discuss possibilities of strengthening economic cooperation and joint ventures." SO ABADI MET WITH EROGAN FROM TURKEY YESTERDAY...AND HAS JORDAN PM TOMORROW WITH AN ECONOMIC AGENDA...
1-7-2017 Newshound Guru mike Iraq is, if I'm a betting man, about 50 years from even being considered a reserve currency. Iraq's position is also different because the majority of their income is derived from petro dollars. These dollars are used to purchase dinars from the CBI by the MoF and used to pay their bills and salaries. Any left over is absorbed by the CBI and become reserves. That's been Iraq's problem now for two years, they're spending more than they make and the reserves are cannabalized because of it. There are countries around Iraq...Kuwait, Saudi Arabia, Qatar and Jordan...who've had active economies and stable governments for years and they're not even sniffing reserve currency status. [post 2 of 2]
1-7-2017 Newshound Guru mike Iraq can't use the dinar as a reserve currency. There are only six or so reserve currency's in the world, the US dollar, Euro, Pound Sterling etc. The definition of a reserve currency is: A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency. Moving to Article VIII doesn't qualify a currency to be considered a reserve currency, it takes a large economy combined with a stable government who has a proven economic history of stability as well. [post 1 of 2....stay tuned]
1-7-2017 Newshound Guru rcookie Article: "Part of the delegation to meet with the Japanese Ambassador Wasit Fumio Iwai" Quote: "Wasit invites Japanese companies to invest in them like CHINESE and Russian" ...THE IRAQIS HAVE DONE THE 1ST PART AND THAT IS TO ATTRACT THE INTEREST AND PROMOTE THE POTENTIAL FOR DIRECT FOREIGN INVESTMENT IN THEIR COUNTRY...AND ADDRESSING ANY LEGISLATIVE OBSTACLES FOR DFI TO THRIVE IN THEIR NW OPEN MARKET ECONOMY...WHICH ARE INCLUDED IN THE ECONOMIC & FINANCIAL LAWS WE ARE WAITING ON...CUED UP IN PARLIAMENT...
1-7-2017 Intel Guru ADMINBILL We had some interesting a information yesterday that led us to believe that this weekend has great potential for us to move forward in a post RV environment. So far we are still hanging through the weekend with great hope.
1-7-2017 Intel/Newshound Guru Mnt Goat Article: "An invitation to support the dinar and the strengthening of its purchasing power" Quote: "Economic academic Dr. Essam Mahouelle called year 2017 to be the year to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict the foreign business dealings in dollars." they are telling us they need to prevent altogether the demand for the US dollar for ANY REASON WHATSOEVER. Can is get any clearer than this. They want to operate under the dinar and not the dollar.
1-6-2017 Intel Guru RayRen98 There is no intel apart from 12 banks, three exchange centers and one credit union now on board with dinar. The Iraqi Budget is still not in the Gazette... It’s done over there, we are just looking for the full release of the revaluation. Even they (Iraqi contacts) are saying they don’t know why it hasn’t been released to the public, including the Gazette.
1-6-2017 Newshound Guru Kaperoni ...the dinar won't go to a dime overnight. It will rise gradually and thus the CBI can reduce the money supply from trillions to billions simultaneously.
1-6-2017 Newshound Guru mike As it stands today, Iraq has, for arguments sake, somewhere between 40 and 60 trillion dinars on M0. At 1184-1, that's roughly $40 to $50 billion dollars of currency. At 1184-1, that's 100% coverage with Iraqs current reserves. However if you raise the value of the dinar to, let's say, a dime, now you have that same $40-$50 billion in reserves covering $6 trillion dollars. That's not enough. ...1184 and a slow rise up. How long that takes is anyone's guess, but, in my opinion, it won't happen quickly. I mean, how could it? The money supply is the problem, when Iraq moves to Article VIII they'll still have the same 40-60 trillion out. The first thing we need to know is, what's M0 money supply? The definition varies slighly, but it boils down to how much money is available in an economy, or, currency in circulation and demand deposits. This is the grease for any economy, it's what you and I have in our wallets and checking accounts. So, where do we get these figures? I got them from the Central Bank of Iraq... This tells me that Iraq has slightly more than 60 trillion dinars in circulation.
1-6-2017 Intel/Newshound Guru Mnt Goat ...parliament is coming back into session tomorrow and they told us they now have 30+ laws waiting for a final vote. These laws impact all aspects of the economy, judicial system and the fight against corruption and terrorism. They also keep emphasis in the Reconciliation law and its impact. So we know this is VERY important to Iraq too. Many of these new laws waiting in the wings for a parliamentary vote are linked to this reconciliation effort and must coincide to make it successful. So it is all going to come together real soon.
1-6-2017 Intel Guru Dr. Clarke We wanted to give you a quick update...We don't feel that this weekend of the 7th-9th, will produce, what you all are looking for. Quite a bit has changed over the past few days, significantly. About 2016: The last 2 weeks of December 2016 did produce public funding outside the country of Iraq, with a handful of notable, credible banks newly trading & exchanging the Dinar - which is really Big...but without a substantially increased rate, unfortunately...Yet. ...we've come to understand now, just how deeply hidden some of the True facts are...and the increasing falsity of especially All PUBLIC MEDIA, such as News Articles, Television reports, Public Statements and more...of which NONE can be trusted... In our...opinion, as of right now, ANYTHING can happen... So, we're done with this portion of information, because our work here now, is finished. We could throw some dates out there that we feel are significant, but we're not going to do that. So, we'll leave you with this...remember awhile back when we mentioned April? Keep a Smile on your face, and know it could happen at any Moment...
1-6-2017 Intel Guru ADMINBILL THE NEWS TONIGHT [THURSDAY] IS VERY STRANGE BUT ALSO VERY COMFORTING. BY STRANGE I MEAN UNEXPECTED BUT POSITIVE. IT DEALS WITH PERSONAL BUSINESS SO I DO NOT WANT TO DISCUSS IT BUT I AM MORE EXCITED ABOUT OUR PROSPECTS THIS MONTH THAN EVER. ...THE INFORMATION COMING IN FROM BANKING SOURCES IS A STRONG INDICATOR THAT THEY ARE EXPECTING, NOT ANTICIPATING, ACTION SOON. WILL IT BE THIS WEEK OR POST INAUGURATION IS ANYONES GUESS.
1-6-2017 Newshound/Intel Guru BGG ...everyone (me included) has operated under this premise that "they" wouldn't tell us...like it's some big secret... "the WHALES would sweep in and buy up Iraq for pennies on the dollar"...WHO WOULD THE WHALES BUY IT FROM? the amount of Dinar in circulation outside of Iraq is a set number - they could care less who owns it...me - you - the guy down the street... it's all the same to them. ...these articles they are printing are for their own people and their own purposes. Nothing to do with us... we are actually the little fish in this whole play. ...the currency "re-integration" is NOT THE BIG PLAY HERE. Big time traders will make money on this the same way they always do - by trading once this new market goes digital and is accessible...and the big play is the "wall of investment capital" Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy - THIS IS THE REAL PLAY. [The first few days on the ISX after their currency is international is going to be facinating.] Could be the biggest single movement in this whole happening.
1-6-2017 Intel Guru Frank26 ...not to see the budget on the 31st was disappointing to me ...but now...I understand why...executive orders...it’s ok. I’m very glad that they didn’t open it up with a program rate – a program rate would have been an insult. They are INTERNATIONAL...and now they need to act like it with their currency.
1-5-2017 Newshound Guru Enorrste Article: "Central Iraq" supports the currency delete the "zeros" dinar" ...regarding those factors that affect the value of a currency, the biggest item was left out of that article: reserves. Iraq has over 100% coverage of its currency in reserves, or nearly so, and this is head and shoulders above any other currency in the world. It is because of this that Saleh could say, years ago, that the dinar would become a world reserve currency itself. By making this statement he was clearly indicating that the dinar would be strong BECAUSE of its reserve position. ...I will restate my position from the past, I believe that the strength of the dinar, on the one hand, and the fact that this is a unique opportunity, on the other hand, will cause the value of the dinar to rise rapidly, irrespective of Iraq's current economic position and security situation. The simple fact is that this will be a huge buying opportunity (similar to buying Google or Facebook) when it comes to the market, and, contrary to their statements today, most astute investors will see the potential and climb on board quickly. Furthermore, once they see ANY significant rise in value more and more people will climb on, including those of us who have held dinar for years. That is my two cents worth (about 200 dinars!).
1-5-2017 Newshound Guru FrostyTheSnowman Friday is an Iraqi HOLIDAY...known as "Armed Forces Day" which celebrates the 96th ANNIVERSARY of the activation of the Iraqi Army on Jan. 6, 1921.
1-5-2017 Newshound Guru mike ...we'll have a bunch of options once this currency is in Article VIII, it will still be an exotic currency like the Saudi Riyal and Kuwaiti Dinar, but at least it will be internationally accepted.
1-5-2017 Newshound Guru Enorrste ...it is my understanding...while under article XIV the dinar is not "internationally tradable" as we would normally use the term. It is true that one can buy physical dinars, but the dinar is not "traded" on any exchanges as we normally think of that term. Second, being under article XIV...also offers Iraq legal protection against lawsuits. It is this protection that, effectively, stalls any significant trade between Iraq and the rest of the world. The big players won't take the risk if they don't have some recourse legally. Therefore...practically speaking getting out of Article XIV and into Article VIII is nearly necessary before anything will happen to the value of the dinar.
1-5-2017 Newshound Guru Kaperoni ...the dinar is legal tender and internationally convertible now. It is just that the CBI is under Article XIV that makes banks shy away from engaging with the CBI and dinar (because it is risky and banks by nature are usually conservative). That is a choice for banks to make. Article VIII simple means that the CBI has met a level of compliance and international standards under the IMF. Which then would be much more inviting for banks to want to engage with Iraq.
1-5-2017 Newshound Guru rcookie Article: "The return of power to the center of Ramadi" Quote: "The Ministry of Electricity announced the delivery of electrical power to the city of Ramadi, the center and the regions of Sufism and Khalidiya." [where there is electricity, there is ATM machines running, computers going, banks going...] AGREED...AND THIS IS FROM AN AREA THAT WAS REPORTED MORE THAN 90% DESTROYED...
1-5-2017 Newshound Guru loop [So did anyone notice on the cbi site the indicative rate changes from 1180/1182 to 1182/1184?] I would not hang my head...over a two dinar downward shift in value and conversely I would not sing out from the rooftops over a two dinar upward shift. I am expecting a much larger shift and the news seems to indicate that we will see it.
1-5-2017 Newshound/Intel Guru Bluedog Article: "Iraq: We started to implement measures to reduce crude production from the beginning of 2017" Quotes: "Iraqi Oil Minister Ali Jabbar Hussein Allaibi announced on Thursday that Iraq has begun to reduce the national production of crude oil with the beginning of the new year 2017 procedures, in line with the Organization of Petroleum Exporting Countries (OPEC) decision." "He explained that the decision to cut oil production is to address the decline in oil prices in the global market and the problem will no longer needed if the producers to achieve the goals." Sounds like Iraq is dealing behind the scenes...and they are keeping us out of the loop... "OUTSIDE OPEC"...WOW!
1-5-2016 Intel Guru Frank26 Abadi said that in the beginning of 2017...was to OPEN the economic relations in Iraq to the INTERNATIONAL world? They have a targeted/calculated date for the MR. (monetary reform). IMO...they know the date...and they need to accomplish this in the MOOKLA of 2017. They don’t hide the budget FROM us...they hide it FOR us. To finish the security / stability...to reach the 57-58 for the budget. Delta said that they are hovering oil around 57-58. What would 60 and above mean? That would wipe out their deficit. The GOI and the military are using the same strategy … because IMO...they have the same leader...(Abadi)...and they have the same goal. To add value...not just their currency ...but their country that is filthy rich! The CBI is more than ready to release the rate... [post 2 of 2]
1-5-2016 Intel Guru Frank26 On Tuesday...[Guru] Delta called me...and told me that the President of Iraq...used an Executive Order to POSTPONE the budget. I was expecting to see it on the 31st. Delta said that if it came out with a NEW RATE we would be happy...BUT if it came out with a PROGRAM RATE...it would send the wrong message! ...it would not impress the INTERNATIONAL world. ...he doesn’t want to release it...because there is a new rate in it. This also came from the High Council of Ministers. The budget doesn’t need to be approved or passed...it NEEDS TO BE PROTECTED! Abadi comes out...says he needs 72 hours ...and he wants another 72 hours more. Why? Mosul...Give me Mosul...you’ll see the MR. That mantra hasn’t changed. So...we have a HOLD on the budget... Stability and security are now the main focus. MOOKLA = Security/ Stability = CBI releasing a rate. [post 1 of 2....stay tuned]
1-5-2017 Intel Guru RayRen98 Up to 10 banks now and 1 credit union dealing in the Dinar... CURRENT WINDOW: ...One intel source aligns with Jan 5th. This week is still a possibility. . . Iraq is quiet... Budget: still expectations it will be in the Gazette this week. Irons in the fire yet to come that say progress.
1-5-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor’easter has now passed thru...
1-4-2017 Intel/Newshound Guru Mnt Goat So much news on the “project to delete the zeros” recently. ...they told us recently there will be yet another phase implemented for this project and it will launch three new lower denominations and they plan to do it soon. We learn (and confirm) today that the merchants also know about this upcoming change and want it real bad. By launching the lower denominations they can begin paying their foreign obligations directly using dinar. But in the process the dinar must go international and must have some real value to compete with other foreign currencies.
1-4-2017 Intel Guru ADMINBILL Just received from contact. From WF: Zim Dinar Rupiah Rial Dong are off currency screen. Believed to be they are entering new rates. Waiting for additional confirmation. WF CURRENCY INFO HAS BEEN CONFIRMED BY ANOTHER SOURCE. YOUR BEST BET IS TO NOT SPECULATE WHAT BEING "OFF THE SCREEN" MEANS AT THIS POINT. LET'S SEE WHAT HAPPENS NEXT. IT MAY MEAN NOTHING OR IT MAY MEAN EVERYTHING.
1-4-2017 Intel/Newshound Guru Mnt Goat We were told the cabinet held its first session of 2017 on Tuesday, January 3 2017, headed by Dr. Haider al - Abab. So we know the parliament is not too far behind also as they told us they will hold their first session on Jan 7th. The legislative part of the government is getting back to work.
1-4-2017 Newshound Guru wmawhite They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency. Remember, nearly 21 months ago...March 3, 2015 the CBI announced that they had received the "green light" to move forward with the "Delete The Zeros Project." nothing about needing any laws passed...this event is in process...it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
1-4-2017 Intel Guru Bruce When it comes to Iraq...The budget for 2017 has been passed, been in the Gazette, been published, it is law...The rate is in the Gazette and they don’t want us to have it yet. It should be something positive for us to see Mosul come back. A lot of things from a very positive point of view going on in Iraq. I think the final part of the UN operational rate showing, the UN releasing Iraq of chapter 7 sanctions, currency known internationally. But the way they did pay back Kuwait, of around 5 billion dollars in newly revalued dinar. They had to have a rate settled in Iraq to do that. That did occur to our understanding. We are in a great position right now. [post 2 of 2]
1-4-2017 Intel Guru Bruce We thought it would happen by Christmas and New Year, and we still are here. Things are moving, but not happen for us yet. I been on the ride for 12 years, and I am used to somewhat of it not going the way we thought. Nobody can accurately predict the date we will be notified. Could there be a delay that could take us deeper into the month? Could be possible, but I don’t believe it is the intention. The information I been getting today pointing to something happening this week. Let’s hope that is the case. When we put out information look at it, weigh it, and see what you want to embrace. What I heard today is enlightening. [post 1 of 2....stay tuned]
1-4-2017 Newshound Guru Adam Montana I have a good feeling about 2017, and it's not because of a "feeling"... it's a direct result of having watched this thing like a hawk for a few long years and having compiled a "big picture" of where we are and where we need to go. Much of 2016 was hampered by ISIS. That's just a fact. There was no way Iraq could have successfully revalued their currency to a significant number with so many problems with ISIS. ...two articles this morning...about Iraq's resumed push into Mosul...both are positive about Iraq's current success and continued success. This WILL happen! My key focus towards the 2nd half of 2016 was HCL, and it continues to be HCL. Late December, Parliament set a specific date to start the "new" legislations for the year. That date was January 2, 2017, as in 2 days ago. Can anyone guess what legislation I'm excited to see? You bet! ...some of what Parliament covered on their first 2017 session...it's almost glaringly obvious that this will affect the HCL...
1-4-2017 Intel/Newshound Guru Mnt Goat So after some time {I believe when the revalued rate is high enough and prices in Iraq have adjusted}, they plan to then launch even more lower denominations that are of the even lower face value such as the 5, 10 and 25 denominations. Why wait? They are waiting for these notes since these notes would not be so beneficial until the marked market price of goods went down to match. Remember this too – I have said that we as investors may never even see this initial 1:1 rate at the banks since this will be the workings mostly of inner Iraq. When the rate does go international by this time it may be well within the range we as investors had hoped it would be 1:5+. [post 2 of 2]
1-4-2017 Intel/Newshound Guru Mnt Goat Article: "Deletion of zeros from the currency adds a monetary value" Quote: "The new dinars will reduce the ongoing cost of printing money. For example the new (25) dinars which will replace the 25 thousand dinars currency currently in circulation...". They are telling us that in Iraq a $25,000 note will be replaced by the new $25 lower denomination note. In the BEGINNING of the next phase of the process this is what they plan to do. In another article about the same timeframe they used this very same example to show us how within Iraq they will get the dinar in par 25k with the US dollar a 1:1 equaling $25 when the Iraqi citizens turn in these three zero notes. But we know this is only the beginning since once this is accomplished they plan to revalue their currency. ...This initial step, even though it may appear as a revaluation, is in fact nothing more than an adjustment for inflation. But indirectly this new $25 note will be worth now equal to $25 US dollars so in essence it is a significant increase in the value of the dinar. [post 1 of 2....stay tuned]
1-4-2016 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" Kap's right [Guru Kaperoni], Iraq can reform the currency without moving to Article VIII. I will add though, it will not be a successful currency reform without Article VIII. Iraq is in Article XIV right now and the dinar is worth 10% less than the number printed on it, on any level that's terrible. It's just my opinion, but if Iraq tries to reform the dinar by unpegging from the dollar, free floating and not moving to Article VIII, the value will crater and drop to somewhere south of 1500-$1. If the dinar had any intrinisic value that supported it without the peg to the dollar and the auctions, we wouldn't have the street rate, or MCP, like we have today. Again, it's just an opinion. [reference Guru Kaperoni post 1-3-2017]
1-3-2017 Newshound Guru Kaperoni Article: "Central Iraq" supports the currency delete the "zeros" dinar" A couple of things... technically, Iraq does not need to be in Article VIII for currency reform. They can do that at anytime. ...it is clear that the intent is to float the dinar or gradually raise the dinar over time which will raise the value of the dinar and raise the zeros. The IMF made it very clear (referring to the Ballassa Samuelson Effect) in 2012, and the CBI stated just last year they plan to bring out a 50, 100, 200 early 2017. Both of these statements only make sense under the circumstances I am explaining. LOP's affect all notes at the same time, would not need 10 years to transition, would counter all statements made a few years ago by Saleh (the dinar will be held around the world for a very long time, etc), etc. etc.
1-3-2017 Intel/Newshound Guru Mnt Goat ...are there still hurdles to overcome and tasks they would like to accomplish prior to the RV? Yes – but I do not know if these tasks will in fact hold up the RV or not. My feelings are they will never have a perfect world and many of these tasks will be ongoing for many years to come anyhow even once the project to delete the zeros moves ahead again. It is my feeling they are at the point where they can not move forward with their economic and financial plans since they will need a viable currency to do so. So my feeling is Iraqi economy is now at a cross roads. It will never be the “perfect” set up. The IMF, the World Bank, the World Trade Organization along with a host of global consultants are working with Iraq to bring about the needed changes. Which way will they now go? There is only one way to go and why not? Since they prepared Iraq for this economic explosion (or as Abadi has stated and I quote “economic openness”) they must now move to the next step and get fully the global/international stage. What else does “economic openness” mean if not to go international?
1-3-2017 Newshound Guru mike We know, through transparency, rational and reliable sources why Iraq hasn't moved their currency forward, the IMF tells us at least twice a year: A) Eliminate Exchange Restrictions B) Control the MCP within a 2% band. No mystery here, these are very simple, easy to understand issues that Iraq can't or won't address so they can move the currency to Article VIII, which we'll need to have value added to the currency. Different principles apply to the economy, but they're just as easy to understand. If a country creates an economy where imports are purchased, demand for their currency will increase which causes the value of the currency to rise. Super simple. Iraq needs to move to an open market economy... IMO.
1-3-2017 Newshound Guru mike Iraq is definitely, opaque, irrational, unreliable and unpredictable. But, that's why there's a process, Iraq's not the only country in the world who's gone through this phase of dictatorship and sectarianism, that's why everyone has to conform to a certain set of standards, procedures and rules, it levels the field and offers transparent, rational, reliable and predictable activities. Do country's always follow the IMF/WB rules? Nope, and for that there are consequences. That's why we have the Article IV consultations, Treasury Dept. assistance and other groups helping Iraq. These tools clear up any minsconceptions...and allow us to see the true facts regarding Iraq's financial situation, which includes their currency.
1-3-2017 Intel Guru ADMINBILL ...I AM HOPING THE INFORMATION I RECEIVED YESTERDAY IS ACCURATE AND WE ARE NEARLY THERE. ONE OF THE REASONS I AM LEANING IN THAT DIRECTION IS THAT I WAS ALSO INFORMED THAT THE MAJOR CONTRACTS THAT ENDED ON THE 31ST WERE TAKEN CARE OF AS REQUIRED.
1-3-2017 Intel/Newshound Guru Mnt Goat Yes the country is making a great turn-around since post elections 2014. In retrospect over the last 2 years we witnessed all the new banking laws, reforms and other needed laws. But they had a security breach with ISIS and then the drop in oil prices. Combined these two factors decreased the countries revenues while at the same time increased their expenditures. This created a situation when in 2015 (a targeted date for the project to delete the zeros) they had to postpone the project once again. At this time they stated a timeframe when they would target the resumption of the project’s next phase. They told us in EALRY 2017. [post 3 of 3]
1-3-2017 Intel/Newshound Guru Mnt Goat Third: Iraq has not yet gotten out of the program rate and are still officially under sanctions even the war has been over now for 13 years. The plan (and this is in writing to prove it) was to get out of the program rate in 2008 (the first time they tried to revalue). But once the war over the, corruption, politically and security instability has not allowed them to progress. Had post war Iraq looked very different, had there been a more successful democratic government and security force established they probably would not have waited so long to implement this project of currency reform. So has the situation gotten any better?... [post 2 of 3....stay tuned]
1-3-2017 Intel/Newshound Guru Mnt Goat ...one more bit of evidence that the Iraqi dinar is NOT going to lop. [reference Guru Mnt Goat post 1-2-2017] Did you know that a lop is used as a tool. Yes – it is a special tool that IMF uses to consult with a country to help fight hyper-inflation. It is especially designed for this purpose. So is the currency of Iraq namely the three zero notes now hyper–inflated? Absolutely NOT! First: The inflation rate in Iraq is amazingly very low compared to other countries, Second: The currency of Iraq did not float to the hyper-inflated three zeros while on the international markets, instead it was suddenly and intentionally brought down to a “program rate” for purposes of fighting a war and taken off the international exchanges. This was to suppress the bad guys from using the Iraqi currency to buy weapons to fight the coalition forces against Saddam Hussein. [post 1 of 3....stay tuned]
1-3-2017 Newshound Guru rcookie Article: "Low monthly inflation rates and the annual report in November" Quote: "Hindawi said that "inflation index for the month of November last dropped by 0.7%, compared to October of last month,.." INFLATION DOWN 0.7% IN NOVEMBER FROM OCTOBER...AND DOWN 1% FROM NOVEMBER 2015... [And what did Shabibi say about inflation and monitiary reform?] IT IS THE DETERMINANT...
1-2-2017 Intel Guru RayRen98 I have been told that Abadi has blocked any Mosul news for the next 72 hours; I did see an article mentioned Mosul yesterday, and I don’t know when the 72 hours would be up. I’ve also heard about a press conference saying that 2017 will be a great year. Some of our trusted sources from three-letter agencies have been expanding on the information, and from that there is a good expect-ation for something this week. The sources say look for something to happen Tuesday or Wednesday. I don’t know if that will be the full-blown RV or not. I have learned that there is a ‘rhapsody’ database system that stems from the BIS (Bank of International Settlements) that all that banks use, I think. This database has been down since Friday, and we suspect this is for rate changes. We’ll see! [post 2 of 2]
1-2-2017 Intel Guru RayRen98 On Iraq’s side, no Budget in the Gazette as yet. We’ve been waiting 2-3 weeks for this to show up in the Gazette, based on what I was told. The only part that hasn’t held true is the timing on when it would be in the Gazette. We are also waiting to find out if what I was told would be in the Budget actually is. In some places, people are saying the lower denominations are NOT being widely distributed, but in other places we are told they are in the ATMs. [post 1 of 2....stay tuned]
1-2-2017 Intel/Newshound Guru Mnt Goat ...we know there is not going to be a lop for all the right reasons and reasons we can prove. So let’s go over these reasons now. 1) the CBI has directly told us and the fact that they have said that “the three zero notes will coincide with the new lower denominations for up to 10 years”. This in itself means no lop. 2) then they said it “would take 10 years for the transition to the new currency”. Does this sound like a lop? 3) these large three zero notes 1,000, 5,000, 25,000 and 50,000 notes would be “used for inter banking transactions” and the plan is “to retrieve them out of the hands of the average citizen and the market place”. Why would they need to retrieve them if this was going to be a lop? I just gave you three good reasons. There are many more. [post 2 of 2]
1-2-2017 Intel/Newshound Guru Mnt Goat When the CBI uses the term “project to delete the zeros” they do not literally mean to delete the zeros off the currency and to continue using the notes in the common circulation. Instead it means to replace (or delete) the 3 zeros notes from the common circulation with a set of notes that will be the notes going forward into the future. This is the replacement currency once out of the “program” rate. This is a well planned currency, a plan designed before they even started the war in 2003. [post 1 of 2....stay tuned]
1-2-2017 Newshound Guru mike If the CBI unpegged today without the legislative foundation, the dinar will crater and the only reason I know that is because the street rate is 10% less than face value of the currency as it exists today. Can you imagine what it will do if they unpeg from the stability of the dollar and the auction process? Unfortunately, after closely following these guys for five years or so, it's just more of the same that we've seen in the past. Empty statements without a process to fulfill them. My guess, if they could get the legislation and IMF stuff done in the first quarter of 2017, we might see a dime before the new year. [post 2 of 2]
1-2-2017 Newshound Guru mike Article: "Central Iraq" supports the currency delete the "zeros" dinar" If the process "starts" today, how long before one dinar is worth a dime? In order for the dinar to rise in value they need to be in Article VIII, that's getting rid of the MCP and exchange restrictions. After that, Iraq's economy has to shift to an open market so that exports other than oil are created so that there is demand for the dinar. By now we all know this isn't a switch that the CBI Governor throws and all of a sudden the dinar has more value, we need Parliament's involvement to create the atmosphere for the dinar to rise in value, not the other way around. [post 1 of 2....stay tuned]
1-2-2017 Intel Guru ADMINBILL LET'S HOPE THE DAY BRINGS US POSITIVE NEWS THAT WE CAN TAKE TO THE BANK SOON. WE ARE GETTING NEARER TO THE END BUT IT STILL MAY NOT HAPPEN BEFORE THE END OF THE MONTH FOR THE PUBLIC...
1-2-2017 Newshound Guru rcookie Article: "Economist suggests that the economic comprehensive methodology in 2017" Quote: "Economic adviser and banker Samir Nasiri suggested the establishment of a Higher Council for the Department of Economic Affairs..." HERES A BEAUTY!...FROM...NASIRI... CALLING FOR A HIGHER COUNCIL FOR DEPARTMENT OF ECONOMIC AFFAIRS...AND INCREASE IN PER CAPITA INCOME AND PURCHASING POWER FOR CITIZENS... AND WANTS TO...TO TRANSITION FROM A "HYBRID" ECONOMY TO A MARKET ECONOMY...IN ORDER TO ACHIEVE ITS NDP GOALS THROUGH 2030 AS OUTLINED IN THE CONSTITUTION ...AND DEVELOPMENT OF INTERNAL AND EXTERNAL TRADE TO BENEFIT ECONOMY...THEN FINISHES BY ADDING THE NEED TO RAISE PER CAPITA INCOME... PURCHASING POWER AND RAISE THE NATIONAL INCOME...(GDP)...WOW!...GREAT STUFF!
1-1-2017 Newshound Guru loop Quote: "...to facilitate measures to ensure that the ultimate beneficiary if an ordinary citizen or a merchant, and in a transparent manner requires that banks disclose the previous Khovatha and filter regulators Notes to control the dollar was trading movement locally and abroad Ohz would clean reputation Banking Iraqi abroad and the correspondent banks and thereby restore confidence sector Iraqi banking locally and internationally..." Why would they need to restore confidence in the international banking sector it they had no intentions on their currency being internationally recognized? [post 2 of 2]
1-1-2017 Newshound Guru loop Alak has been sending the same message and really has not moved away from it for well over a year now. He gave the green light to start the project to delete the zeros over the year ago. Well before that they they pull the 50s off the street. Ask yourself why would a worthless note need to be pulled. Because of the new 50 that they were planning on release IMO. THen they were white listed. There are so many bread crumbs that all point to the same thing. Here is one of Alak's more recent quotes: He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar. HUGE HUGE HUGE [and how do they accomplish that?] THe deletion of those pesky zeors is how. [post 1 of 2....stay tuned]
1-1-2017 Intel Guru Dr. Clarke FYI, official funding outside the country for all exchanges, may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar, in Iraq. FYI, in our opinion. The Nor'easter has now passed thru...
12-31-2016 Intel Guru ADMINBILL WE MAY STILL HAVE AN OPPORTUNITY TO SEE THE INITIAL PHASES OF THE RV/GCR BEGIN DURING THE FIRST WEEK OF JANUARY BUT IT IS HIGHLY UNLIKELY AT THIS POINT. LET ME MAKE A FEW POINTS NEXT WHICH ARE BASED UPON INFORMATION RECEIVED DURING THE PAST 96 HOURS...THIS INFORMATION IS PROVIDED FOR YOUR BENEFIT AND INTERPRETATION AND MAY NOT CONCUR WITH. USE YOUR OWN GOOD JUDGEMENT. SPECULATION FROM EARLIER THIS MONTH IS THAT THERE IS A NEED FOR THE COMPLETION TO BE DONE BY MIDNIGHT TONIGHT (UNKNOWN WHICH TIME ZONE) TO FULFILL CONTRACTS DATES. THIS DOES NOT MEAN IT WILL BE RELEASED. OTHER INFORMATION PASSED ON RELATES TO AN UNKNOWN FEDERAL TAX LAW THAT COMES INTO EFFECT AT MIDNIGHT TONIGHT (ASSUMING EASTERN TIME ZONE) WHICH PREVENTS A HEAVY TAX ON THE RV FUNDS. ANOTHER VIEW EXPECTS THE GENERAL PUBLIC TO BE ABLE TO EXCHANGE SOMETIME AFTER THE INAUGURATION. NO DEFINITE DAY.
12-31-2016 Newshound Guru Islandg1211 The original requirements in addition to 10,000 US troops, also included every one of the UNSC Chapter VII sanctions, Reconciliation, Fully Formed Government, HCL, and Amnesty Law. The IMF had their list of requirements, including the Budget. All of these requirements suddenly have articles and meetings addressing each one. This goes along with the CBI stating that they plan to come out with the lower denom's and begin the deletion of the three zeroes in early 2017 IF the conditions are right. IMO, they aren't even thinking about waiting 2-3 years to RV. Just get done with East Mosul, enter West Mosul and get Baghdadi - 3 months and it's done enough. [post 3 of 3]
12-31-2016 Newshound Guru Islandg1211 My last Iraq update was all about the fact that THE ORIGINAL PLAN FOR IRAQ IS BACK ON TRACK FOR 2017. I went through and reminded everyone what the Bush/UN plan included for Iraq. One of the requirements - not option - by the US, was that there would be 10,000 US troops permanently in Iraq. This deal is done. The U.S. never intended to pull completely out of Iraq. In my opinion, this is a very good sign for the timing of the RV to have comments made on the MSM [mainstream media ?] that the troops are staying. IMO, that statement covers two purposes: 1) the reality of "winning the peace" and 2) justify the original plan to keep US troops in Iraq. [post 2 of 3....stay tuned]
12-31-2016 Newshound Guru Islandg1211 [Oliver North was on Fox news last night said that it will take another 3 years to restore Mosul...] IMO, although, Ollie's, the Pentagon's, and Abadi's comments sound very different as to a time frame for the liberation of Mosul, they aren't. Ollie is saying 3 years. The Pentagon just said 2 years to get rid of ISIS in Iraq. Abadi said by the end of the year, but had to amend that to another 3 months. I'm estimating 3-6 months for Mosul. The difference of time frames is how one is defining "liberated" verses "secure from terrorist attacks." [post 1 of 3....stay tuned]
12-31-2016 Newshound/Intel Guru BGG [Can Iraq go international with their currency before the UNSC meets and officially releases the final two sanctions?] the assumption the "Iraq can GO international with their currency" is a flawed viewpoint. They need this international support to do such a thing. Where would Iraq be if no one is willing to accept whatever change they put forth? ...they will get to do what they get support (and guidance) to do...they succeed thus far - because they are listening and doing. [Hope the UNSC meets soon to provide the clearance.] The IMF and WB are much more important - the UNSC will be lucky if they exist in a year or two.
12-30-2016 Newshound Guru loop [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] ...urgency is not what I am seeing. Remember that this is a plan and as it is unfolding the pace should pickup pace...its call momentum. Now that they got this ship point downstream things that they put into play 1 or 2 or more years ago will start bear fruit.
12-30-2016 Intel Guru RayRen98 [Can you reassure us that the Dong will be in the first basket.] No, although that is what I am expecting. [Can you give us a rate please?] The prevailing rate is about $50 per million, right now. What we look for it to be...for the longest time that was 47 cents, but for the last couple of days they have been saying two dollars and change. That sounds good to me!
12-30-2016 Newshound/Intel Guru BGG [Do you think Iraq is feeling any kind of urgency to complete the economic reform as of late.] I don't know that "urgency" is in their vocabulary - but they are moving forward with "extreme prejudice". Much of this progress is highly likely the oversight of the IMF/WB at play - they say - Iraq does, IT WORKS. Good stuff.
12-30-2016 Intel Guru Frank26 [“Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency.”] You know very well that... [Guru] DELTA translates the articles that were confusing from the CBI…and... "Mookla” …the one key word he wanted me to tell you tonight…Mookla is not in the first quarter…not the middle of the first quarter...or the end of the first quarter...it is literally the start...January 1st 2017.
12-30-2016 Newshound Guru mike Article: "Iraq's higher gold reserves to 7.7% " Quote: "Iraq's reserves of gold remained stable and did not change, reaching 89.8 tons," explaining that "this amount represents 7.7% of its reserves of currency foreign, having represented 7.1% during the month of October. " I can't figure out if they're using metric tonnes or regular US tons, the value varies. Ton = $33,292,934.00 Metric tonne = $36,702,860.00. The best part...an accurate range of Iraq's reserves, somewhere between $39 and $43 billion. I remember when the panic crept in earlier this summer the CBI started backing up from the reported figures like we see here, they were trying to say it was around $50 billion, which we knew couldn't be right because of the report the GOI sent to the IMF with expected reserve totals at the end of 2016.
12-30-2016 Intel Guru Frank26 Kuwait seems to know what is going on with the last 2 remain issues. They want their money and their people...and they (Iraq) gave it to them. By this action...they have agreed to sign. ...Kuwait wants Iraq to RV...and that’s why they signed...! They want to use e-Dinars...they are invested in dinars. They want to do business with them on an international level. IMO...they are about to raise the value of their currency. The coalition forces will be happy. Even Israel has dinars...even Iran. Compared to other middle-east currencies...the IQD has not gone down in value...that is a masterful plan.
12-30-2016 Newshound/Intel Guru BGG [what are you most excited about lately?] All of it. Hard to pin my interest on any one thing...and maybe that is the exciting part - it isn't just one thing. It's the forward velocity on virtually all fronts. [top five?] 5) IMHO there is more to this comment by Abadi over Mosul taking 3 more months the other day... I really doubt that proves to be accurate... translation? Political posturing? Some kind of intentinal mislead? IDK - but it does seem at odds with most of his previous commentary. 4) The recovery of stolen monies by the GOI - big news. They are looking to put an end to the culture of corruption. 3) The passage of the J&A Law - HUGE piece...2) General forward velocity of all the Economic and Financial reforms going on right now - they are really building an economy - FAST. 1) Obviously - the statements by the current Gov of the CBI concerning their "beginning of 2017" timeline - HUGE!
12-29-2016 Intel Guru Frank26 We are right on track with the MR. More has been accomplished in December 2016 than the past years combined! All of these “agencies” that lined up all of the stars for them – incredible! The impact will be HUGE as they get this right...right now...it has to be perfect! What we are seeing...is impressing the living daylights out of us. Watch for Chapter 7 to be gone. Once they are out of Chapter 7...they are automatically into the IMF’s ARTICLE VIII...which means they have lifted the value of their currency...why else would Kuwait make a trip to Iraq? The #1 thing right now is to see the BUDGET! Don’t forget...the 31st...we might not see it until the 1st or so...but we’re looking for the IMF and the UN to make Chapter 7 official...looking for an “OFFICIAL RATE.” They (Kuwait)...what they are doing with IRAQ... that’s at an INTERNATIONAL LEVEL! It’s almost surreal what is going on.
12-29-2016 Newshound/Intel Guru Arthur Their holiday was supposed to be 60 days but has been trimmed to 20 days due to the importance of implementing the 2017 budget starting the next legislative session on Jan 2, 2016. During the beginning of this session they are scheduled to pass 50 plus laws including all the important laws we still need including the Federal and Accountability Law, and the all important HCL which will keep them on track and on schedule for full monetary reform early 2017.
12-29-2016 Intel Guru ADMINBILL HEARING THERE IS MOVEMENT AFOOT, WITH BANKER CONFIRMATION THAT CONTINUES TO BELIEVE BEFORE THE END OF 2016. I BELIEVE THE BANKERS BELIEVE, BUT I WOULD NOT CALL THE BANK FOR CONFIRMATION. WE ONLY HAVE UNTIL SATURDAY TO SEE IF THEY ARE CORRECT.
12-29-2016 Newshound/Intel Guru Arthur Contrary to popular belief, Iraq is still not completely out of all remaining sanctions. Among the remaining are the ones regarding their ongoing status with Kuwait. The Kuwaitis are still owed reparations and other concerns such as the reception of the bodies back to Kuwaiti soil. An historic meeting occurred today in which 4 important agreements were signed by the two countries which included the readiness of Iraq to supply Kuwait 200 million standard cubic feet of gas. We now await to see if this will be sufficient for the UN to move Iraq to chap VIII which would trigger the UST to give the CBI the green light to more forward with the monetary reform. At this time they are still on schedule for early 2017.
12-29-2016 Intel Guru Jester IF THEY LOP THE ZEROS AS THEY HAVE SAID ... WHICH I THINK THEY WILL...THEN EVERYONE WILL BE HAPPY WITH MAYBE 3-4 TIMES WHAT THEY PAID FOR AN INVESTMENT... NOT BAD REALLY... THE BANKS STILL LIKE TO HAVE THAT MONEY SO MAYBE THAT IS THE REASON THEY ARE STARTING TO TAKE DINAR AGAIN... IT'S STILL A LOT OF MONEY... NOT AS MUCH AS YOU LIKE... BUT STILL A LOT...TAKE THAT FOR WHAT IT'S WORTH... WHICH IS MY OPINION... BUT AN EDUCATED OPINION FROM SOME PRETTY GOOD SOURCES... [post 2 of 2]
12-29-2016 Intel Guru Jester IRAQ IS AN INDICATOR... AND THAT INDICATOR IS RUNNING OUT OF THINGS TO SEE... THEY ARE GETTING IN A BETTER PLACE... I STILL THINK THINGS MUST BE MORE STABLE THERE BEFORE THEY WILL BE TURNED LOOSE BUT THAT IS JUST MY OPINION... AS FAR AS THE RV...IT WILL NOT GO LIKE THEY ARE TELLING YOU IT WILL... ALL THIS 800 NUMBER BAZILLION DOLLAR STREET RATE IS NOT GOING TO HAPPEN...THERE IS NO REASON FOR IT... FOLLOW THE MONEY... WHY WOULD THEY DO THAT UNLESS THERE WAS SOMETHING IN IT FOR THEM? NO ONE OWES YOU... [post 1 of 2....stay tuned]
12-29-2016 Intel Guru Frank26 We told you on Monday...there was one issue...we were looking for the budget on the 31st...and that oil would need to see a certain number...in order to get to a rate. We were looking between 55, 56, and 57 dollars. It has now hit 56.65... Now...it’s maintaining itself...This is the FUEL for the 2017 budget. I think we are going to have a budget on December the 31st. They have never had a budget...this is extremely historical. The budget is executable with a program rate...but the budget must be funded. IMO – the BUDGET is FULLY FUNDED... IF it stays at a program rate...it is NOT fully funded. They need to apply this oil price to their budget and ACTIVATE it. If not, they have wasted 2016. There is no DATE or RATE ...the rate is solid NOW ...well calculated...but the DATE is a moving target. [post 2 of 2]
12-29-2016 Intel Guru Frank26 I strongly feel that the mission to do this...add value to their currency is happening in amazing strides...leaps... miraculous agreements. Finally we are seeing what we wanted to see. ...the prime and foreign ministers of Kuwait and Iraq met...BIG SMILES... What did they discuss? A “new era of mutual understanding...signed 4 strategic agreement(s) with Iraq with committee representatives...will play a major role of Iraq exiting Chapter VII.” They are working out their issues. They are NOW inside of Article VIII. [post 1 of 2....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...I can not say just how amazing this news was in the last couple days on this topic with Kuwait. ...yesterday they announced the preparatory meeting for the sixth session of the meetings with Kuwait Joint Ministerial Higher Committee...scheduled for today [Wednesday]. ...we know they held the meeting and it was successful. ...the IMF and Iraq seem to be cleaning up lose ends prior to pulling the trigger once again in EARLY 2017 to begin the project once again. They are just literally days away from Jan 2017. We know that this project is important because it is this project (and nothing else ...) that in FACT will lead us to the ultimate treasures that await us currency holders...the significant increase in the value of the Iraqi dinar. [post 3 of 3]
12-29-2016 Newshound Guru Breitling From what these guys are talking about, end of the year 2016 and there are a couple windows open for 2017. It’s very interesting that these guys are laying out the law with the banks, the way they are maneuvering around the auctions and other country’s currencies because they don’t want to compete. Those are the words I use cause I don’t want to hype it. …I want to make if very clear the US Treasury is in counsel capacity only. They are only there to give counsel, they are not financially vested to the dinar…that has no relevance on whether I invest in the Iraqi Dinar at all.
12-29-2016 Intel/Newshound Guru Mnt Goat Lots in the news all of a sudden about the Kuwait and Iraq relationship. Why now? ...we know by the press statement a few days ago that the only remaining item for Iraq, to get fully out of the 2003 sanctions, was to pay the war reparations owed to Kuwait. ...there will be no RV while Iraq is still in sanctions. All this recent news on this topic was very revealing since it...also confirmed...: 1) Iraq was not fully out of sanctions in June 2013 (maybe this is why the RV has been held up too) and 2) just how close we are to the RV. Kuwait is not concerned about the money Iraq owes them since instead they know in the long term will make so much more money in trade deals with Iraq. They know if they can assist Iraq in any way to regain their sovereignty then Iraq will progress onto the “international” stage that much sooner. [post 2 of 3....stay tuned]
12-29-2016 Intel/Newshound Guru Mnt Goat ...the news is literally pouring in from Iraq and moving so fast now. It is as if they are on a mission to meet a deadline of early January of something like that. It...shows us that Iraq definitely is about to move forward with their “economic explosion” (Abadi’s words not mine) in EARLY 2017. We know they can not do this without some real value placed on their currency. In other words they must delete the zeros and revalue it. [post 1 of 3....stay tuned]
12-28-2016 Newshound Guru loop Article: "Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system" Quote: "...the judiciary turned to breaches in the system and the procedures taken against those responsible, whether thieves or corrupt officials." SOMEONE GOT CAUGHT WITH THIER HAND IN THE COOKIE JAR. HOW DID THEY CATCH THIS?... WITH THE ELECTRONIC CLEARING SYSTEM THAT WE HAVE BEEN HEARING ABOUT...MORE PROOF OF ACTION ON THE BANKING REFORM FRONT...
12-28-2916 Newshound/Intel Guru Frank26 Like a spider leg slowly probing what's in front of it before taking it to the mouth ...The Dow and Oil Prices cautiously approach levels of interest ... A Flag by A (Abadi) in the dead Center of Mosul would expedite many things in an LL (long line) very quickly .... IMO.... We will very soon. …[What are the chances they launch 2017 at the program rate...??? We would all have to go back to the drawing board…..] NO !!! !!! !!! ... We will NOT !!! !!! !!! The PR (Program Rate) can and more than likely will be in the 2017 Budget.
12-28-2016 Newshound/Intel Guru BGG [are the reserves still being depleted and if so isn't that still corruption which means they will hold up on the increase of the dinar until they get a handle on it?] That is the complaint - I wonder if some of that isn't internal partisan politics? Hard to say. However, I doubt this lasts long enough for any of that "arc" to matter.
12-28-2016 Newshound Guru MadDScout [When dose the next session of Parliament start?] Jan 7.
12-28-2016 Newshound Guru Frank26 I strongly believe what we do not see in 2016 will be revealed in the beginning days of 2017. Right now my teams and I are only looking for the release and activation of the 2017 budget that will review [reveal?] much.
12-28-2016 Newshound Guru Islandg1211 TODAY'S ARTICLES ARE EXACTLY ON POINT OF THE ORIGINAL PLAN FOR IRAQ, A PLAN WHICH INCLUDES GETTING THEIR CURRENCY OFF THE SANCTIONED RATE AND BACK ON FOREX. Finally, the 2017 Budget was passed by the GOI. (Not sure if it was signed by the president and printed in the Gazette to become law.) Citibank and other banks have just started selling and buying the Iraq Dinar again. Finally, the international corporations and investors wanted the RV and the reconstruction phase to start in order for them to make money in Iraq. An article today from the US State Department, states that Iraq is a good investment in the long run. [post 2 of 2]
12-28-2016 Newshound Guru Breitling ...That’s what the actions are…a tool for that. They’ve always planned on getting rid of the auction. They’ve always planned on adding value to the currency that you and I have. They’ve always planned on adding smaller denoms to the currency as the value goes up and then sooner or later getting rid of the currency you and I have. SIDE NOTE: if they were just going to add value to our currency and pretend there are no zeros on the notes that in itself would reduce the note count. They would not have to get rid of the physical notes like they’ve been doing. That’s how we know they are not going to LOP. They have not changed their minds and we’re only going by what they say. This is not an opinion. This is coming from the Ministry of Finance, Ministry of Planning and the CBI. [post 2 of 2]
12-28-2016 Newshound Guru Islandg1211 Although the GOI is on vacation until Jan. 10th, and the liberation of Mosul has stalled a bit, and it's the holidays, some great headlines and news articles are coming out of Iraq... Articles & Headlines: "Abadi stated today that he will finally submit resumes for his vacant Ministers spots" "UN stated today that Iraq was let out of almost all of the Chapter VII sanctions." "World Bank approved their loan to Iraq and stated that "Iraq is one of the richest countries in the world and shouldn't have any problem repaying their debts." Article today talked about the need to have a law ending the currency auctions. Article yesterday talked about finally passing the HCL law, along with other needed laws in the next GOI session... Another article featured the headline, "Iraq looks to Trump to complete the SBA." Yea! The article talked about the Marshall plan and the meetings with the new Trump folks to move Iraq into the next phase, from war to reconstruction. [post 1 of 2....stay tuned]
12-28-2016 Newshound Guru Breitling There is good news and it’s phenomenal. This is a mystery to me…something I have not been able to figure out. I don’t know when/if they start adding value to their currency at what point will they get rid of the auctions? It doesn’t matter for us…it really doesn’t. In the context this is not something you need to look out for because if they get rid of the auctions today then something is coming down the road. But if they start revaluing, start adding more and more value to the currency and the auctions don’t disappear…that’s just a way to manipulate the currency even more... [Post 1 of 2 stay tuned for the rest of the story]
12-28-2016 Intel Guru Bruce What else we know is 31st of December is New Years Eve, and it is the day the UN Operational rates suppose to show effectively. Will they change on the 29th which be Thursday or not show the change until the 31st? We don’t know that. On the 31st, the Vietnamese Dong and Iraqi Dinar, their rates are supposed to change and reflect that change. ...we should get a heads up pretty soon. We thought we would go last night. ...hopefully we are there now and ready. Intel is looking very strong. Not giving dates, but looking good for the end of the year. Set your goal for 2017. You should be excited right now for what we are about to embark on. [post 2 of 2]
12-28-2016 Intel Guru Bruce We did miss it for Christmas. I expected to exchange today [Tuesday]. I am feeling very good what I have heard the last few days. We are in a great place. Just hang in there a little bit longer. We would all like to celebrate New Years completely hydrated financially. With any success that would be our case. Things are popping behind the scenes, but they want to keep it quiet... for a reason. We heard Iraq is in a situation where they have one more thing to do...As of 4:15am today [Tuesday], they still needed to pay restitution and past debts that were owed to Kuwait. That was the one last thing besides showing an updated revalued rate they needed to do. That began this morning at 4:15am. My understanding is that was to be complete in 12 to 14 hours. The timing for this is now very close because Iraq took care of the last thing they needed to do to be released from chapter VII from the UN. That very last portion to show their rate internationally may have been done. [post 1 of 2....stay tuned]
12-27-2016 Intel Guru Frank26 IT IS NOT AN EVENT! DO NOT LOOK FOR A DATE! It is a progress of a progression that is leading you into the revaluation of their currency and they are doing in my opinion, an amazing, brilliant job! We told you that on December the 31st, we hoped that Iraq will show us their budget...and that we might see a rate before that. I believe that they will around the 31st. THAT IS MY OPINION. The IMF / United Nations / CBI / Abadi...in my opinion...are doing some amazing things. IT IS HAPPENING...IT’S COMING. If I knew the date, I’d...give it to you. I don’t know the date. [post 2 of 2]
12-27-2016 Intel Guru Frank26 Many of you were looking for the oil prices to go up, especially around Monday for it to be in the 60+ range. It's not ...is it? We told you it would be the fuel and the catalyst for the budget...to possibly release a rate before the 31st. It didn’t...did it? None of these things happened. Yet, ironically enough, an amazing amount of things DID happen. Iraq is going through a monetary reform of its currency. It is not visible...you are not allowed to see its steps. Iraq has been telling us for about a year...the “MOOKLA” (beginning of the year)...that we would see some amazing changes/movement of their currency. [post 1 of 2....stay tuned]
12-27-2016 Intel/Newshound Guru Mnt Goat Article quote: "that Iraq has fulfilled its commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." ...they are telling us the only commitment that was remaining is to pay Kuwait for war reparations. We know they agreed to do this once the revalue their currency as they would pay them with increased value of their currency once the rate increase. So whats going on here…hint...hint…hint…
12-27-2016 Newshound Guru rcookie Article: "Ministries offered a proposal to convert the salaries of its 3 employees to the electronic system" Quote: "A source in the banking sector, on Tuesday, that the three ministries have submitted applications to the Central Bank of Iraq to transfer their employees' salaries to the .electronic system..." 3 MINISTRIES (EDUCATION... JUSTICE... TRANSPORT) SALARIES BEING DISTRIBUTRD ELECTRONICALLY... THROUGH 7 BANKS...WOW!...CAN YOU SAY LIQUIDITY RELIEF...
12-27-2016 Newshound Guru Breitling …Bank of America has a seat on the auction floor and all these banks were buying dinar from Bank of America. And some of these banks I know where they’re actually storing it. So how is it they get to invest in it? How is it a good idea for them but not a good idea for us? Does that make sense to you? No. So don’t listen to the naysayers sitting behind a desk somewhere who don’t know anything about currency… All in itself, the ability to buy currency from Citibank is not a big deal. Remember I bought all my dinar from Chase Bank. So they just decided to sell it again. That’s all it is…nothing more. The information you need to stay focused on came out of Iraq from the CBI, from the Ministry of Finance and the Ministry of Planning on what they want to do with their banks so they can get to the next level…that’s very very good news and i hope you’re happy. [Post 2 of 2]
12-27-2016 Newshound/Intel Guru Arthur Along with all the requisite political and banking reforms, the equation was, is and always has been GOI + HCL = RV. With all the current proxy positions, rather the GOI is adequately complete for the UST is debatable but all indication are they are satisfied with the fulfillment of that variable of the equation. As for the HCL further progress is scheduled for Wednesday 12/28 after which we should be able to determine if there has been adequate progress to warrant a release of all remaining sanctions for Chap VIII and a subsequent rate increase necessary to satisfy the 2017 budget in Iraq... As of this post the PTB is still on schedule for early 2017.
12-27-2016 Newshound Guru Breitling …everyone is asking me about Citibank. Yes, Citibank is selling dinar again. The naysayers say it’s [owning dinar] illegal. Or the banks don’t want it. None of it’s true. It was disruptive to their [banks'] businesses. Remember there was a time when there were little old ladies calling these banks everyday and asking them did the dinar revalue. Every single day. It was such a huge epidemic that it was disrupting business. You literally had thousands and thousands of phone calls. I know this for a fact because I talked to some of the people who were in charge of the entire west coast at Bank of America and they specifically told me they were not going to sell dinar cause it’s disruptive to business…it wasn’t worth it to them. Having said that…they bought their own dinar. I promise you they did…especially Chase Bank…[Post 1 of 2 stay tuned for the rest of the story]
12-27-2016 Newshound Guru loop The CBI has indicated some kind of structural economic reform is on the horizon. I would really be surprised if they pegged the to the SDR. Ultimately I do not care how it happens. Just as long as some kind of value change happens.
12-27-2016 Intel/Newshound Guru Mnt Goat Article: "the importance of e-cash and its effect on increasing the money supply within the banking system" ...the e-dinar has many important reasons for its implementation. ...they went before parliament and got it approved to roll out to all provinces and are doing so. Simply put this is their solution to lack of liquidity in the banks. But...it does not stop there since there are audit traits to fight and catch corruption. ...we are seeing the process of the project to delete the zeros being implemented right in front of our noses. If you are not paying the salaries, pensions and other gov’t programs in cash then the CBI is not infusing the 3 zero notes back into circulation. Also the merchants, now hooked up to swipe their debit cards, eliminate cash dinars taken to the currency auctions. Instead they electronically use the e-dinar system to get dollars to pay for their imports. A complete audit trail.
12-26-2016 Newshound Guru Kaperoni Articles: "Iraq completed its commitment to one of the two resolutions to exit from Chapter VII" "Iraq, one step closer to leave Chapter VII of UN Charter" ...this move is a good thing. Unlikely Iraq would want to be fully out of UN Chapter VII without their own internationally convertible currency. Seems that this is coming together at the same time the banking reforms are being implimented with the help of the IMF.
12-26-2016 Newshound Guru firefly [come on Mr Fly make this RV happen.] She is coming my friend, make no mistake about it. IMO The meeting with Kuwait is just a formality! [I like many others have completely overlooked the chapter seven event...] Yes most folks have. I've been saying for many yrs that Iraq still has a couple of sanctions remaining...Specifically the Kuwait situation. The BIS and IMF could have given Iraq as many green lights as they want...but...it meant nothing till the final 2 sanctions were lifted. Only the UN could finalize it! Keep your eyes peeled to the UN! [reference Guru firefly post 12-25-16]
12-26-2016 Intel Guru RayRen98 It looks like Iraq and Kuwait are agreeing on some things and we should see the final results from that. Iraqi television show Abadi indicating progress on Mosul, or at least an accounting. Everything is leaning towards agreements with Kuwait on Wednesday, with exciting results. We are in a waiting game. Let’s see what this meeting on Wednesday between Iraq and Kuwait does for us. Few people doubt this will take place, we just can’t say when.
12-26-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL TAKE NEW MEASURES TO REDUCE THE PRICE OF DOLLAR AND SUPPORT THE IQD AGAINST OTHER FOREIGN CURRENCIES IN THE NEXT FEW DAYS. NEW OFFICIAL RATE. WE WILL SEE...
12-26-2016 Newshound Guru Kaperoni Article: "Iraq has fulfilled the obligations of a decision to get out of Chapter VII" Quote: "...is noteworthy that the UN Security Council voted unanimously, in (June 27, 2013), resolution No. 2107 , which Iraq emerges in part from the provisions of Chapter VII of the Charter of the United Nations..." So there you have it. Back in 2013 when VP Biden chaired the UN meeting Iraq did not get out of Chapter VII as so many thought (I included). Apparently, the Oil-for-Food and Kuwaiti balance remained obstacles for complete removal. This apparently is now moving forward with a recent agreement to end the Oil-for-Food, leaving a $5 billion payment to Kuwait to end this once and for all. If so, currency reform may also be just around the corner.
12-26-2016 Intel/Newshound Guru Mnt Goat ...only 1 week remaining in December and the CBI has NOT yet postponed the project to delete the zeros. This by itself is good news. Will they postpone it again? We wait and watch in anticipation.
12-26-2016 Intel Guru Frank26 The IMF and the UN are making sure that all issues on oil are being dealt with right now before the end of 2016 and in my opinion for the budget on December 31 that also requires a new rate not to function but to be logical in its mathematical calculations.
12-25-2016 Newshound Guru firefly Article: "Compensation for the Kuwait last obstacle to Iraq out of Chapter VII" Quote: "Iraq has fulfilled the commitment before the final decision regarding his release from under Chapter VII, as it was left only has complete compensation with neighboring Kuwait file." Compensation for the Kuwait last obstacle to Iraq out of Chapter VII...So as we see, the upcoming meeting with Kuwait is very very big in regards to our investment! Per the UN. The UN is the only agency that can lift the final sanction. NOT the IMF, NOT the BIS, NOT the US teasury. The UN!
12-24-2016 Intel Guru RayRen98 Things have been somewhat quiet in Iraq these past few days...Banks are at an all-time high expectancy rate. Some Wells sources confirmed seeing a memo last Monday indicating RV and exchanges by Christmas...guess not now. LOL. We are now up to 6 banks buying/selling the IQD, Wells should be on board next week! International acceptance is no longer a concern for me, put a fork in this meat, it is DONE!
12-24-2016 Intel Guru Frank26 [...would you please explain why we are going to exchange our dinar instead of cash them in...] To cash them in would give you the value that they are now...to exchange them is because the exchange rate changed.
12-24-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) SHOULD BOTH DROP THEIR NUMBERS TOGETHER TO ADD VALUE AND BEGIN THE RACE TO FULL VALUE, WHICH WILL BE AFTER MARCH 20TH...! THESE ARE EXCITING TIMES! IT WAS NO MISTAKE THAT THESE TWO SHIA BROTHERS WOULD BEGIN "THE RACE" TOGETHER, BECAUSE WE REMEMBER "THE DEAL"! BY THE END OF MARCH TO MAY, WE WILL SEE MAXIMAL VALUE OCCUR! IT'S TIME NOW FOR OIL TO BEGIN A RUN. TODAY WE SEE THE NUMBER 1 PRODUCER, RUSSIA, SAY THEY WILL MAKE CUTS TO ACCOMPLISH THE GOAL OF RAISING PRICES. THE NEW REALITY WILL LAUNCH IN EARLY JANUARY POSSIBLY, BUT DON'T EXPECT THE FULL DIGITAL ASSET-BACKED REALITY TO BE FULLY VALUED AND SEATED IN PLACE TILL SPRING...IMO.
12-24-2016 Newshound/Intel Guru BGG ...if they keep on this development arc...they are on right now, that kind of security (a U.S. type environment) is achievable and it is in their future. If Iraq keeps going the way they are supposed to go and follow the IMF lead...it will be incredible. They will move forward VERY, VERY fast – THEY WILL MAKE DUBAI (The JEWEL of the Middle East) LOOK LIKE A CHARLIE BROWN CHRISTMAS TREE…
12-24-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review Quote: "They are also working actively on rapidly removing remaining exchange restrictions and a multiple currency practice, in close cooperation with IMF staff." moving to Article VIII is important, And getting in compliance as soon as possible is very good news for us. We have to wait it out and watch...it is good to see the IMF is helping them get there.
12-23-2016 Newshound Guru firefly IMO there is nothing else but to be VERY excited...be prepared for some very impressive news releases this week. Just my opinion but I feel it will unpeg from the USD...And peg to the SDR...As Kuwait is. And like I've been saying for many years, the IQD will NOT float. ...a 1:1 IMO will not fill the void in the budget...3+ is what was refered to in 2012. I have not read anything official to counter that number. They have even more resources and reserves now than back in 2012. Remember...The IQD NEVER devalued, it was turned off due to sanctions! [the plan is coming to a conclusion just as planned.] I see no roadblocks yet, so ...if the plan continues as outlined ... something has to change 1st.
12-23-2016 Newshound Guru loop I would not be in it if I did not think it was going to happen. Iraq is a natural source powerhouse and their currency will reflect that. It's the when that drives people crazy.
12-23-2016 Intel Guru Dr. Clarke ...a handful of major banks in the U.S., suddenly and officially begin trading & exchanging the Iraq Dinar after Dec. 15th. Unofficially International? Why right now? ...foreign currency exchange laws, suddenly changed & enacted, on the commercial business side of the house. Why right now? ...Iraq's new Fiscal year officially begins, Jan. 1, 2017. ...Vietnam's new Fiscal year official begins, Jan. 1, 2017. Santa's BIG Question: "If you were going to pick a Date to shock & surprise the world, with one of the largest financial changes in history, that impacts and affects the entire world, by a very large degree...AND THAT DATE NEEDED TO BE AT THE MOST INCONSPICUOUS, UNSUSPECTING, MOST ILLOGICAL, MOST QUIET, AND MOST UNLIKELY TIME POSSIBLE...would you choose Christmas Day - December 25 or New Year's Eve - December 31, 2016? Friends, tis the Season...of Major Endings, and New Beginnings.
12-23-2016 Intel Guru Bruce Christmas day in Iraq is late Christmas Eve for us. Could we wake up to a special Christmas blessing? Could be. Could we have this before? Possibly. Could it be right around Christmas? Could be. Yes I think we are right where we need to be at the right time. Could it be the greatest Christmas you every had? Could be. Could it be post Christmas you ever had? I think it looks really good right now. ...the rates have been showing on the screens and are moving and trading upward...There is movement. I think they are trying to bring the rate of the Iraqi dinar up in the trading. There will be a target rate when it comes out to us. A rate we thought would be in the $6 to $8 range. I think that is where we probably will be in that range. [post 2 of 2]
12-23-2016 Intel Guru Bruce What is going on Iraq? Sunday is the first day of the business week in the Middle East in Iraq. Sunday is going to be an important day for the banks. For us and the rest of the world, we will have Christmas. However, Sunday in Iraq is a big day because the Lower Denominations are in the ATMs and in the banks, but they are not yet accessible. The people don’t have them yet. The ATMs are on lockdown. They are in the banks. What has to happen for the Lower Denominations to have value? It is called a rate. The rate for the dinar is in the budget. The budget has been passed, published in the Gazette, and the budget is already law. Can we see it yet? No not yet, not until the appointed time. Will Sunday be the special day of the Lower Denominations being available? Could be. Is it special because the rates of the Iraqi dinar will be seen visibly out and all to be celebrating and available? Quite possibly yes. [post 1 of 2....stay tuned]
12-23-2016 Newshound Guru wmawhite Article: "Babylon Bank calls its customers the implementation of foreign credits and remittances at the official rate" Quote: "Babylon Bank renews its call for the implementation of his customers his foreign credits and remittances and official rate of the Central Bank of Iraq." BINGO! This is what we are waiting for; implementation of foreign credits and remittances at the official rate. Paying their foreign bills with the IQD... currently all banks within Iraq settle all foreign credit and remittances in the USD...There also appears to be a movement within the banks to settle all foreign credits and remittances in the IQD...
12-23-2016 Intel Guru Frank26 IMO...the budget will be activated on the 31st. If they do...they will need a rate...somewhere between Dec 20-26...Then watch in the next 3 months the RV evolve into the float. They will end with a cap. They talk so much about a 1 to 1. The Minister of Planning and Finance talked about a rate back in 2012...which would have taken it to $3.86...but they weren’t ready. When they raise the rate...it will FLY ...and be controlled. It will be further controlled with a cap so that it doesn’t get out of hand like Kuwait...In Kuwait...it got up to $13...it got out of hand. In my opinion...once they reach that cap...it will be allowed to grow past that. Immediately after the RV starts (released)...it will start the process of calculations of the IQD...calculate for at least 3 months.
12-23-2016 Newshound Guru 1bobby [With the IQD in US banks. Does that take the IQD out of the exotic currency list?] Nope an exotic currency deals with the trading speeds/elements of the currency. Kuwait is still an exotic due to it's trading factor. Just them tracking it says a lot. That's not saying the IQD is "in the banks" just an electronic tracking. Now some banks still sell it but this deals with tracking a "buy sell rate" [I have some that I would like to trade quickly, at a revalued rate of course.] I think we'll all be dealing with that issue soon.
12-23-2016 Newshound Guru Kaperoni [there's a reason all of the govt or CBI issued reports outline plans for 2016 or 2017 through to 2020.] All of Iraq's forecasts are done in 5 year increments. I have stated several times, currency reform is a priority for a market economy. The forecasts are all inclusive to achieve the goal of a vibrant market economy, not 5 years to currency reform. In fact, currency reform/international convertibility is absolutely required before investors will come into Iraq to build a private sector/market economy. Therefore, I continue to believe we will see the reforms begin very shortly so they can achieve the success and growth of the economy to meet the forecast timeframes.
12-22-2016 Newshound Guru 1bobby I'd say the complete liberation of Mosul would be nice but not necessary. The budget should take place the 1st of January and will be interesting to see it's implementation. The budget does not hinge on Mosul being liberated. Now when they speak of the Natl Reconciliation, everything hinges on the liberation of Mosul...But...they are taking the steps as far as support for that to be approved and implemented once Mosul takes place.
12-22-2016 Newshound Guru loop Article: "Oil exceeds the threshold of $ 55" I was reading through the IMF’s SBA 1st review with Iraq and saw that they calculated that every dollar over the $42.00 budgeted amount for a barrel of oil would equate to 1.4 billion dollars more revenue. Not the 1 billion that some Iraqis have been quoted saying. If oil continues to trade at these levels their windfall will be in the neighborhood of 18.2 billion dollars. [No doubt, oil will help stabilize their economy, but non oil revenue will become as one aritcle said an explosion of possibilities in the near future.] I agree. Once the private sector gets rolling oil will not be as big a threat to their economic stability. Diversification is the key and with their nature resources their will be an economic force to be reckoned with.
12-22-2016 Intel/Newshound Guru Mnt Goat So, this approval is geared more towards the movement of the Iraqi dinar from article 14 to article 8 of the UN charter under mandates for member nations. This is, of course, terrific news for Iraqi currency investors. Article 8 means to operate under “international” constraints and Iraq now has new obligations under Article 8. They have proven worthy of this move. So logically the currency is now more available to the banking system and is now showing up in many banks. Remember also banks can refuse to trade in any currency if they chose to do so. So not all banks may now have the Iraqi dinar. The Iraqi dinar may now be international but the rate we all expected is not yet shown. This is exactly rolling out like so many good people have told you... this roll out would be slow and gradual. Not before Christmas or before the new year but in EARLY 2017! [post 2 of 2]
12-22-2016 Intel/Newshound Guru Mnt Goat THE REVALUATION OF THE IRAQI DINAR HAS NOT HAPPENED! The country of Iraq is still mandated to use the provisional rate as dictated by the CBI. This rate is subjected to the market rate of about 1180 – 1300 dinars to the US dollar. Okay so a few banks are now selling and buying the Iraqi dinar once again in the western countries. I do not yet see it in Europe. Legally they could have resumed trading the Iraq dinar since June 2013 (when Iraq was lifted from many sanctions)... This is also based on the successes against ISIS and the recent statements made by the IMF over the success of the SBA reform progress. [post 1 of 2....stay tuned]
12-22-2016 Newshound/Intel Guru Bluedog Article: "Rasheed announced stopping operations of deposit and withdrawal of savings accounts as of Sunday" WHAT A FIND IF TRUE IT'S GOLDEN...
12-22-2016 Intel/Newshound Guru Backdoc SINCE PRESIDENT MASUM RECEIVED THE BUDGET WITH CHANGES ON THE 18th IT BECOMES LAW EVEN WITHOUT HIS SIGNATURE WITHIN 15 DAYS. I'M GLAD ITS ALREADY SIGNED. INTERESTING THAT 15 DAYS TAKES US TO JAN. 2 nd! JUST AS FRANK [Guru Frank26] SAYS THIS IS PRECISION TIMING. BLACK GOLD, MARKETS REACHING A MILESTONE, AND CONTRACTS WHICH MAKE THE BUDGET NUMBERS WORK. THIS IS NOW DOWN TO TIMING. LET'S ALL ENJOY THE PROCESS FROM LAUNCH TO THE REAL VALUE AFTER MARCH 20 th. [post 2 of 2]
12-22-2016 Intel/Newshound Guru Backdoc I'M WATCHING OIL VERY CLOSELY...I KEEP THINKING OF THE ISX BEING CLOSED FROM THE END OF THE TRADING DAY ON MONDAY THE 27th! I THINK ITS LIKELY THE WINDOW COULD START AT THAT POINT UNLESS THEY CONTINUE TO BLOCK INTERNATIONAL STOCK TRADES UNTIL THE NEW YEAR. IF AN INTERNATIONAL RATE OCCURRED PRIOR TO THE 28th STOCKS WOULD HAVE TO BE BLOCKED FROM TRADING INTERNATIONALLY IF THEIR PLAN IS TO IMPLEMENT ON JANUARY 1st RIGHT? [post 1 of 2....stay tuned]
12-22-2016 Intel Guru Frank26 IMO...they are completing the RI ...and I believe in all honesty this happened this past week. When the RI occurred this last week...Iraq was taken out of “time-out” and brought back into the International Club. I believe that the “float” for the IQD started a long time ago. IMO ...based on the numbers we are calculating ...it will be before Christmas...many banks that are now selling the IQD...IMO...the banks in the USA are ready or are in position to exchange the IQD at whatever rate it wants to be. ...CitiBank...they said they are not exchanging the IQD yet...but the guy on the phone said they are waiting for an update on the rate. Again...there will be no fanfare... This week is an interesting week. [post 3 of 3]
12-22-2016 Intel Guru Frank26 There is another set of numbers...(total of 3 by the way). These numbers will deal with the budget paying its bills / loans. It is part of a float ...but the float will catapult the price of oil even further. The 1st numbers will deal with the debt/deficit that they have. The 2nd set of numbers will pay for their bills. Neither of these numbers have been reached ...yet. The number of the oil in the contract is what matters. The 1st set of numbers should be in the budget at 1 to 1...(for 3 months)...The float that goes into the 2nd set of numbers (that goes into the contracts). The 3rd set of number...(towards the end of 3 months)...these deal with the numbers that are CAPPED. ...as oil floats...the rate will also float. [post 2 of 3....stay tuned]
12-22-2016 Intel Guru Frank26 The 2017 budget is signed...but if it’s not fueled properly...it won’t accomplish anything. The usage of its OWN currency in needed. ...historically...and for the first time it is signed and ready to launch based on certain numbers. ...we have calculated the numbers that are necessary that must be in the budget. The price of OIL is not the only factor...but IMO...is the LARGEST factor ...the oil prices in December will climb to around 60...and in 3 months ...around March 2017...we should see it in 100 to 120 range...then in the summer it will go back down around 60. The budget needs to maintain itself somewhere around 60... this number is what we are looking for with Brent and WTI oil. This budget is very close to being released. Calculations are to the point to where the budget is going to work. The number we came up with...IOO...will maintain the 1 to 1 rate. [post 1 of 3....stay tuned]
12-22-2016 Intel/Newshound Guru Mnt Goat We know that Vietnam had a 5 year moratorium put on their currency as penalty for money laundering for China. This was done around 2011. Then they signed up for with the IMF much like Iraq is now experiencing in its SBA. They have made great progress and are moving forward very quickly. In fact it is almost unbelievable what progress they too have made. They too, like Iraq, are under the IMF “sustainability” reforms. Do you know the Dong almost revalued in the past to a significant amount, but due to corruption was held back. So like Iraq this period is coming to an end as the needed financial reforms are kicking in.
12-22-2016 Intel Guru ADMINBILL SOME FEEL, WITH BANKING CONNECTIONS THAT IT IS ANY MOMENT...STILL OTHERS BELIEVE BY FRIDAY IS NOT DOABLE….. THE 26TH AND BEYOND BEING MORE REALISTIC.
12-22-2016 Newshound Guru Aggiedad77 This is all solely my opinion...but I got to thinking about the price of oil...the $60/barrel price is key...the reason so...IMO...is that the $60 price is Brent Crude price...it is always...always higher priced than the Iraqi oil will be per barrel...So at $60/barrel Brent...break-even maybe...hopefully for the Iraqi budget...above that point...gravy rolling in for the Iraqi's...sure we pay more at the pump as it goes up...but this is an instance where I wouldn't mind that if it brings on an RV for the world...again all IMO.
12-21-2016 Intel Guru RayRen98 Everything in Iraq looking extremely well and moving right along. On Monday two banks were now buying and selling dinar. Rates not favorable but capability was there. This was a 180 degree turn. A powerful thing to happen for what we were looking for. An International traded currency. That needed to take place. Now, just looking for the value to change. This is a strong indication. Now five banks and possibly six banks. We’ve checked and rechecked these five banks. CURRENT WINDOW: They (banks) have information circulating to them to be ready to exchange customers before Christmas...If it’s not by Christmas...I expect it one or two days after. We waited for it to be International. For all intents and purposes that is done. Now we are waiting on the rates.
12-21-2016 Newshound Guru Adam Montana Now, of that 30 trillion in "cash" that is floating around, how much of that is held by people who are wanted for crimes? How much of it is simply "lost", out of the country, held in a safe somewhere and simply will not be able to be cashed, before the large notes are declared "dead"? I think it stands to reason that an EASY 50% of that number will simply vanish and not have any influence on what the CBI is liable for during the "Cash In" phase. There is a lot more to say about it, but that's a good starting point. Bottom line for me is that "cash" number doesn't concern me at all. [post 2 of 2]
12-21-2016 Newshound Guru Adam Montana [I have seen many articles stating that there is about 30 Trillion dinar in chunky cash (under the mattress) inside Iraq. How is possible for the CBI to increase the dinar exchange rate with 30Trillion dinars inside Iraq?] That figure gets thrown around a lot, but there's no way to prove or know WHO has that physical cash or WHERE it actually is... regardless, I can put that worry to rest VERY quickly. How much of that money is in large bills? A LOT. And how quickly could the CBI declare large notes NULL and VOID? It could easily be done in 30 days. [post 1 of 2....stay tuned]
12-21-2016 Newshound Guru loop Article quote: "the Central Bank of Iraq has performed over the past year more than the actions taken for (13) years past in terms of procedures and regulations set by the central bank." HUGE STATEMENT...Second time an outside advisor has said that they are taking care of business and working overtime.
12-21-2016 Newshound Guru Adam Montana Article: "World Bank Iraq describes a world's richest nations on earth" Even though there's no RV to report, I sure do love it when we get reminded that Iraq is truly one of the wealthiest countries in the world, their currency just needs to catch up...
12-21-2016 Newshound Guru loop (new guru) Article: "World Bank Iraq describes a world's richest nations on earth" Quotes: "Description of the World Bank, Iraq "one of the richest countries in the world on the face of the earth." "Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts." Who said this? Middle East director of the World Bank Farid Belhaj..."BOOM" HUGE STATEMENT. I cannot recall a time where an official representative of the World Bank has come out with a statement like this...HUGE HUGE HUGE.
12-21-2016 Intel Guru Bruce Iraq been done. Their LD been out in the provinces. They have made a lot of progress. Some of the story has to do with the information of the liberation of Mosul which we understand is liberated now. For some reason they haven’t really put that out on the news. I understand that probably will change here pretty quickly. Some things were done to sort of level the playing field with the rest of the Tier 1 banks other than Wells Fargo in this country. Also the other banks got the opportunity to work with their existing customer bases on some currency. They had some buy and sell opportunities with the Dinar. I believe our little slight wait we have right now has to do with trading the dinar and getting that currency and possibly the Dong up a bit higher before it is revealed to us.
12-21-2016 Intel Guru Frank26 The IMF worked very, very hard with Iraq to maintain their numbers, MCP and to remove their restrictions on their currency to become internationally accepted. If banks are now selling the IQD...how long does the UST expect the American banks to hold-on to this basically worthless currency? Smells very strong of an RV...doesn’t it? To show NO RESTRICTIONS...means Article 8 have evaporated. All they need to do is raise the value of their currency. IMO – this year...2016. My new time line is the 20th to the 26th of this month. With the budget coming out to the internationally world by December 31st...IMO – the US Treasury is very happy...hence why the IQD is being made available in the American banks. I see international compliance...accepted before the RV of their currency...(that’s the RI). ...IMO...they have completed the RI! IMO...it is the RV that is next. There was no announcement of these American banks with the IQD? (no memo) Very few knew about it. No announcements. It just happens. So will the RV.
12-20-2016 Intel/Newshound Guru Mnt Goat I bring you great news today. NO!, not a date or a rate for the RV but news that points us to the timeframe of EARLY 2017 and the importance of this period. It is all playing out as the news is leading us to it just as the CBI told us would. Financial analysts and economists are explaining the importance that monetary policy and fiscal policy for a privatization of their economy. Something really BIG is about to happen in 2017. They are telling us this change is being implemented NOW and not years down the road as they are NOW creating this environment suitable and appropriate to shift from the public sector to the private sector. In order to make this shift they need STABILITY... NO! The battle for Mosul is not yet over...But it won’t be long from now.
12-20-2016 Newshound Guru Kaperoni Article: "Iraq's former finance minister loses appeal against 'unconstitutional' removal" Quote: "Iraq’s former Finance Minister Hoshyar Zebari has lost an appeal at the country's federal court against his removal as minister by the parliament which he called unconstitutional." This is really to bad.
12-20-2016 Intel Guru Frank26 The 3rd largest bank in America is called CitiBank. They made a bold move on Friday...CitiBank was again selling the IQD. Remember the UST told them awhile back they couldn’t sell it...but now the UST has turned to the 3rd largest bank in America. The UST gave them (Citi) a green-light...told them they could BUY and SELL the IQD again. That is SO BIG!!! IOO – this only means that the restrictions of the IQD have been lifted. Citi is in business to make money. How can you make money with a program rate? IMO – many more banks will be given these orders as the days go by.
12-20-2016 Intel Guru ADMINBILL ...THE LATEST BIT OF INFO IS UP TO 48 HOURS FROM 1500 ET MONDAY. EITHER IS WILL OR IT WON'T. WE HAVE NO CONTROL.
12-20-2016 Newshound Guru mike Article: "Parliamentary investment: central bank reserves fall to $ 40 billion" At this rate, the CBI will win and Iraq will lose. The Shia majority will/have not charged, prosecuted and convicted anyone who isn't Sunni or Kurd. Following the historical loss of reserves, Iraq will be financially insolvent by the end of 2018. Candidly, it may already be too late, moving to an open market economy with the supporting legislation takes time, hopefully there's enough time left for Iraq to save itself. [reference Guru Kaperoni post 12-19-2016]
12-20-2016 Intel Guru RayRen98 Some of the budget has been published but not what we are looking for. Why not, it’s a mystery. I have been given reassurances that what we are seeking is there, just not visible yet...told a long time ago, new value would be reflected in the budget...from the calculations. We’re waiting for it to show up in the Gazette. It is to go in effect January 1, 2017... If Mosul had any impact on it, you can see that is no longer an issue. For all intent and purposes, even though no announcement, I’m going to say this currency is International! Just over the weekend we learned four banks that at one time told you, “not touching (Iraqi dinar) with a 10 foot pole,” now buying and selling. Like they never, ever told you “we are not dealing with that currency and never will.” The rate right now is not the significant thing. It is they are now participating in it. For all intents and purposes, no matter how you slice, dice or flip it, this baby is done.
12-19-2016 Newshound Guru Kaperoni Article: "Parliamentary investment: central bank reserves fall to $ 40 billion " It's a game of chicken between the CBI and IMF. The IMF won't let the CBI advance the banking system until they follow the directives, yet the CBI cannot stop the corruption which is depleting the reserves. Who will win?
12-19-2016 Intel Guru Jester THEY HAVE A PLAN...AND AS I ALWAYS SAY... THEY ARE WORKING THROUGH THE PROCESS...THE WORD I HAVE IS MID JANUARY... DO NOT HOLD ME TO THAT... THAT IS JUST WHAT I AM GETTING RIGHT NOW...IT WILL STILL TAKE A BIT OF TIME TO GET ALL THIS MOVING THROUGH THE SYSTEM... IT IS NOT GOING TO BE A PUSH BUTTON..
12-19-2016 Intel Guru ADMINBILL LOOK FOR MOST MAJOR BANKS TO FOLLOW THE LEAD OF CITIBANK STARTING WITH CHASE OR WELLS FARGO. WATCH THE ACTION BEGIN IN THE EARLY MORNING HOURS AND ONWARD. THIS IS NOT THE RV...YET. BUT THE WHEELS ARE TURNING. WILL IT BE THIS MONTH OR JANUARY. BASEL 3 IS ALREADY IN PLAY. ASSET-BACKED MEANS VERIFIABLE ASSETS LIKE BLACK GOLD, YELLOW GOLD, AND OTHER PRECIOUS MINERALS, AS WELL AS FOREIGN CURRENCIES AND BONDS THAT SUPPORT A COUNTRIES' CURRENCY VALUE. BASEL 4 IS ALSO COMING. THE NEW DIGITAL REALITY WILL BE EASIER TO SUSTAIN VALUE DUE TO LESS CASH AND SUPPOSED CORRUPTION.
12-19-2016 Intel/Newshound Guru tman23 The IQD to revalue at a rate that includes 3 zero notes at exchange NEEDS to be backed by somebody other than Iraq... Simply put...Iraq does not have the money to pay out exchanging 3 zero notes at a high revalue...Because Iraq does not have trillions to pay out exchanging high value 3 zero notes...countries are going to hold them in their currency basket...keep in mind most the big banks are public held and on the stock exchange...Not one of them is going to risk holding a toxic currency from an unstable region for any amount of time...UNless the UST guarantees the bank to cover that said currency...REALITY remains the same...They are lifting the 3 zeros beginning 2017 and the guess is still on going on how that affects the value of the 3 zero notes we hold...
12-19-2016 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: Iraqi dinar will be the danger of 2017" Quote: "The financial and economic policy of the central government of the Central Bank of Iraq is considered politically incorrect in the local market," stressing that "the Iraqi dinar will be in danger of the year 2017, the government and the central bank did not change their policies towards the local currency." [IMO...it sounds like this committee dude is looking and calling for a change in the value of the dinar...like equal to the dollar maybe...he trying to tell us something?] ...agreement...it's coming...the BEST is yet to come.
12-19-2016 Newshound/Intel Guru BGG [What's up with the RV?] If you want to know about timing...listen to what Allaq with the CBI said...he said the Monetary Reform process would start in the early part of 2017...so the 1st quarter of 2017 is what the governor of the CBI says is when they will start the process.
12-18-2016 Newshound Guru firefly Article: "Balutiqh..omanh Cabinet declares its non-stop government appointments" Quote: "...the adoption of all the records of the Ministry ratified by competent minister until the date of 31.12.2016, and the Ministry of Finance to complete all the procedures, including deletion and development." to complete all the procedures, including deletion and development. [now that looks pretty exciting...so by Dec 31st?] Ya think? Thats what many articls are saying in print...
12-18-2016 Intel Guru Dr. Clarke Since the very beginning of 2016 in our earliest posts in January ...we said with full conviction, that 2016 is the year that, Iraq would substantially raise the RATE & VALUE of their Dinar, and become full Internationally tradable & exchangeable outside their country, worldwide. Throughout the year, we threw in some dates, as possible timelines, that within this year, this MAY have happened, based on the circumstances at those particular times. ...we indicated “3 Plans” or date projections, as possibilities, according to the “PLAN”...HOWEVER, we’ve ALWAYS SAID FROM THE VERY BEGINNING, back to January 2016, In our view, opinion & belief, that we would NOT get out of 2016, without this happening. 2016 WAS and IS the Year.
12-18-2016 Intel Guru ADMINBILL YESTERDAY WAS ANOTHER QUIET DAY ALTHOUGH MUCH IS BEING ACCOMPLISHED IN IRAQ. IN MY OPINION IRAQ WILL MYSTERIOUSLY HAVE EVERYTHING COMPLETED WHEN THE TIME IS APPROPRIATE. IT IS MY UNDERSTANDING THAT THE REQUIREMENTS TO MEET THE AGREEMENTS NECESSARY FOR THE 20TH HAVE BEEN MET. AGAIN THIS INFORMATION IS SPECULATIVE AND MUCH OF IT CANNOT BE PROVEN TO BE TRUE SO USE DISCERNMENT... AND REMEMBER, MEETING THIS GOAL DOES NOT NECESSITATE THE IMMEDIATE RELEASE TO THE RV/GCR. WE MAY STILL BE LOOKING FOR JANUARY. I REMAIN HOPEFUL FOR THIS WEEK BUT WILL NOT BE SURPRISED IF 2016 IS IN THE REAR VIEW MIRROR WHEN IT ARRIVES.
12-18-2016 Newshound Guru Islandg1211 "THE IMF RELEASES ANOTHER $618 MILLION LOAN TO IRAQ" This article summarizes the meeting that resulted in the IMF releasing the loan installment even though Iraq did not meet all of their expectations. THE RV WAS NOT TIED TO IRAQ GETTING THE LOAN INSTALLMENTS. I was right that: 1 – The IMF would give them the loan without an RV. 2 – That the GOI would pass the Budget...but no other laws...nor vote in cabinet...and would leave for a month vacation.
12-18-2016 Intel Guru Frank26 Article: "Sources to Baghdad Post: Military operations in Mosul come to end" Quote: "The military operations in Mosul have come to an end, security sources told The Baghdad Post. The sources pointed out that a police reshuffle is imminent after Haider al Abadi visited the operations headquarters earlier." We told You...From the 18th into the 19th ...A [Abadi] would release sometime of importance with the MR. Today ...The SECURITY for the MR. IMO...There will be more tomorrow.
12-18-2016 Intel Guru Dr. Clarke DONG holders...: “It’s the same status - at ANY time”...but it’s really close, and in conjunction with Iraq’s ISIS security status, and worldwide. ...back in the summer, we posted an article out of VN that stated very specifically they would maintain and adjust the rate of the Dong, within market conditions, THROUGHOUT THE END OF THE YEAR 2016. That article had significant importance...
12-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Changing CBI governors is not something we want... Each time this occurs, it weakens the currency, investor confidence, citizen confidence and slows down monetary policy. Abadi more than likely is getting guidence from the IMF and World Bank on how Allaq is doing. The fact that he is still in place tells me he is doing his job, and moving reforms along as laid out in the various agreements. The last sentence...to a World Bank document...is clear when referring to the removal of Shabibi...i will paraphrase...no matter who is the CBI governor, the plan is moving forward. [reference Guru mike post 12-17-2016]
12-17-20216 Intel Guru Dr. Clarke Right now, it is a much higher probability that they will NOT come out right away, as International, but will move up the rate substantially. In our opinion, It will be a rate increase FIRST, then a few days later, the International status will take place. We think there is a higher probability of this happening BEFORE Dec. 25th, than After - that is, becoming INTERNATIONAL status and able to exchange outside the country before Dec. 25th...if you choose. IN ANY EVENT, IN ANY EVENT, IN ANY EVENT - WE VERY STRONGLY BELIEVE, that Iraq will have substantially increased the rate & value of the Dinar publicly & officially countrywide, AND Officially become INTERNATIONAL in status, ON OR BEFORE DECEMBER 31, 2016. [post 3 of 3]
12-17-20216 Intel Guru Dr. Clarke NOW, as of Right Now, in our view, we think this is how things are about Happen: Who cares about the 2017 Budget, as long as they at least substantially raise the rate and value of the Dinar, perhaps even without being International - YET? We believe they will make a new substantially increased & valued, Dinar Rate Official, sometime between TONIGHT (Sat. 17th) and TOMORROW night (Sun. 18th U.S. EST time, Monday Iraq time). We also believe that, it may be until this THURSDAY, Dec. 22nd, before they make, the Dinar officially INTERNATIONAL in status, and thus exchangeable outside the country...this Entire Week should accomplish ALL of this, in our view. [post 2 of 3....stay tuned]
12-17-20216 Intel Guru Dr. Clarke Over the past 3 weeks, we’ve very emphatically, and specifically, posted that between December 15-31, 2016, in our opinion, we will see Iraq publicly approve their 2017 Budget...and to also publicly, officially and substantially raise the Rate & Value of the Dinar by announcing it AND printing it - AND SOMETIME DURING THIS SAME 2 WEEK PERIOD 15th - 31st, publicly and officially making the Iraq Dinar INTERNATIONAL in status, being tradable and exchangeable OUTSIDE the Country of Iraq, worldwide. [post 1 of 3....stay tuned]
12-17-2016 Newshound Guru mike Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Here we are, the end of 2016 and we've read, literally, hundreds of articles about the auction process and how corrupt it is. ...This isn't a theory, this is the reality of Iraq. How do I know this? Because the reserves have dropped from roughly $80 billion to somewhere around $40 billion in three years. Why hasn't Abadi made a move on Keywords? What's stopping him? He's obviously and clearly failing at his job, banks still, after two years of passing the law, don't know who their customers are. The street rate is now over 10% from face value and the reserves are dwindling. What other conclusion can you come to than he's a part of the Shia process of holding Iraq back from moving forward and fully engaging the western financial markets and creating the environment for the open market economy. Abadi, as Prime Minister, is also turning a blind eye towards the banking and economic laws, we have very little progress on that so far and he's two years into his term. Without a doubt, Abadi is part of the problem, and that's not an opinion, there's plenty of proof to support that.
12-17-2016 Intel Guru ADMINBILL THIS IS WHAT I HAVE BEEN ADVISED: THIS WEEKEND IS VERY HOT FOR RV POTENTIAL...MY OPINION REMAINS THAT...THE ABOVE MAY BE ACCURATE BUT I WILL FOCUS THE 20TH AND THEN ON JANUARY... WHAT WOULD YOU THINK IF SOMEONE AT A POLITICAL FUNCTION HAD THE OPPORTUNITY TO SHAKE HANDS WITH POTUS AND ASKED HIM, WHEN IT WAS HER TURN, "WHEN WILL WE SEE THE RV?" TO WHICH HE REPLIED "YOU ARE A SMART LADY. SOON."? [...do you know the lady that asked?] SHE WAS AT A MEETING SPONSORED BY ONE OF OUR MEMBERS AND A FORMER HOST SO I DO NOT DOUBT THE VALIDITY OF THE STATEMENT.
12-17-2016 Newshound Guru 1bobby Article: "Member of the Finance Parliamentary: 2017 Moismh positive cause to activate the financial realities and the private sector" ACTIVATE ACTIVATE ACTIVATE the Private Sector! Once again that phrase dominates the publishing of the 2017 budget. How could we not be excited about this budget? Too many people out there saying "Big deal, just another budget" Seriously?
12-17-2016 Intel Guru RayRen98 Some expectation about the budget over the weekend...hearing Sunday the budget will be published in the Gazette. We were told, many, many months ago...the rate was in the budget...If new rate is in the budget or they are going to implement it Jan 1...we should be seeing it between now and Jan. 1.
12-17-2016 Newshound Guru 1bobby "There is nothing negative in this budget" With oil priced at $42 pbl, 2017 will be a cash cow for Iraq. Abadi stated in an interview "According to our own calculations, I think that the rise in oil prices, every one dollar for a barrel of oil will add one billion dollars to our budget. So, I think we will have more by cutting the production and increasing the price." Oil is their collateral for supporting the private sector and other non oil revenues for sure.
12-17-2016 Newshound Guru Adam Montana [Have you had the opportunity to read the first review of the three-year (2016-2019) Stand-by Arrangement by the IMF. Do we have to wait till 2019 for an increase of the dinar exchange rate?] Well, I certainly hope not! I don't see why they need that much time. Things have started moving faster over the last year. If the situation had not changed in the manner that it has, then maybe we'd be looking at another 3 years. But I do see things ramping up and moving faster, and it doesn't need to stretch out that long.
12-16-2016 Newshound Guru 1bobby Article: "Parliamentary Finance: the general budget and provided guarantees to rally public and clans and staff of Kurdistan and to support private sector" What a great article! Paragraph by paragraph shows us steps that will be taken to ensure a strong viable Iraq and a happy us. Notice how in almost every budget related article that transparency with the Kurds is prominent? The kicker to this one is that Iraq is tired of exiting monies, they now want monies entering Iraq via investment projects thru Global Banks. WOOT WOOT!! Again Baghdad will be in charge, but the Provinces will now have the go ahead with large investment opportunities which will lead to small businesses thriving.
12-16-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END.
12-16-2016 Intel Guru Delta Finally ...the ATM’s...unlike the old ATM’s ...the new ones will take the LD’s. If they don’t increase the value...give an incentive to the citizens...they won’t get the currency off of the street. The CBI will increase the value BEFORE they introduce the LD’s. We are really close. My humble opinion...we should see the rate moving BEFORE the end of the year because the CBI told us so. This plan was set a long time ago...before Shabibi...all part of the plan. The CBI’s intention...is to raise the IQD to its former glory ...they are talking about over $3...but they said that will take a little time... This is their goal, but they have to start somewhere. The rate has to move...sometime this year...based on what the CBI told us. All good news...all positive news! The CBI is really very quiet right now...and that is a good indication that they will do something. Watch for the next 24-48 hours...something is up... We are waiting to see something official. [post 3 of 3]
12-16-2016 Intel Guru Delta Next...the IMF...Looks like good news...they lifted the restrictions from the exchange rate. ...because they are not Article 8...they can’t go with a program rate. They need currency reform. They have no choice. Currency reform must take place in order for them to go international. Investors must be able to move money into dinars...and now by lifting the IMF restrictions, they will be able too. ...Alak says they are not going to float the currency. He is stating he is going to lift the restrictions from the exchange rate...free float is not really in their plans. [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Delta the Iraqi constitution does NOT allow Parliament to add any kind of articles to the budget – they can either refuse it, or sent it back to modify things they don’t like – they CANNOT ADD to it! ...there was a lot of discussions, arguments and basically every group in parliament wanted to add something...so they added 10-15 new articles. They approved the budget and they basically sent it to the President...he is supposed to sign it...and then it goes into the Gazette. But a lot in the government and the Kurds didn’t like it...but Abadi did something very smart. The government is not going to refuse it. They are going to wait until the budget is published in the Gazette...the added articles shouldn’t interfere with the budget...and the things they don’t like...they are going to the supreme court to fight ONLY THOSE ARTICLES. But if those articles are ok...and they won’t cost them more money...they’ll let it go and pass it. For Abadi...it’s a WIN-WIN situation. As soon as it’s in the Gazette...it’s basically law ...taking effect in January. [post 1 of 3....stay tuned]
12-16-2016 Newshound Guru MadDScout Article: "Parliament will vote on the federal budget for 2017" This is the after report on the vote in parliament. This is just a way different budget (IMO) than we have seen in budgets of the past. None of them had the kind of "Activate the private sector" talk that seems to be a part of this one. Especially if you know that, what we as investors are waiting on is the activation in full of all reforms. Many of these are in various states of completion. Some being done, some waiting on certain parameters to be met ( i.e. budget vote? Complete GOI? <<(IMO)) With the signing off agency being the IMF. So for those who feel this can drag on just remember, they are being directed and guided by IMF and for IMF to sign off, they need accomplish those things stipulated.
12-16-2016 Intel Guru Frank26 Will they finish the budget? HECK YES! ...Abadi is moving things on to resolve the budget so not to cause a delay. Anything can flip within a few hours. It’s going to happen! Abadi has made it clear. We will have a budget this year. I believe that budget needs a new rate. So...FLOAT or FIXED RATE? It’s a process of many steps...but we are past 1st base ...we are rounding 3rd base...heading into a home-run. Don’t be looking for an announcement or celebrations on the street. It’s a process NOT an event. It will be a process...the RI into a RV... [post 3 of 3]
12-16-2016 Intel Guru Frank26 I’ve said...GIVE ME MOSUL and you’ll see the MR [Monetary Reform]? Do you think they have Mosul? I wouldn’t say 100%...but do they have enough to proclaim that it’s basically liberated. ...it’s going very well. Syria and Iraq’s borders are secure. Mosul will bring security for the MR. Abadi is going to give you Mosul family...and the budget of 2017. The budget wasn’t passed...they added things that was unconstitutional... can’t go any further without the budget...The IMF review...part of it was HUGE for the MR ...it said that they lifted the restrictions of the exchange rate – but they have to wait for the budget. The HCL...which is in the BUDGET...is not done yet...and won’t be until the budget is done...they’ve been given a specific amount of time to get it done... [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Frank26 ...we told you there was a time period...The 11th, 12, and the 13th...we felt there would be some meetings. The MEETINGS...very big...people from all over the world. Based on those who went there...(guesstimate)...it was a very good meeting. IMO – Abadi was at those meetings. The UST and the IMF and UN were definitely were there. They did a lot of work in these meetings about the MR of their currency. I do believe that they have decided on a RATE and a DATE...I believe that they have a TARGET. I do not talk to you about the 15th to the 31st...because it may not take that long ...IMO. I believe they are pushing for 2016. [post 1 of 3....stay tuned]
12-15-2016 Newshound Guru Adam Montana Here's the short and skinny. 1. Good news surrounding the HCL lately. Is it going to happen before the new year? I have no idea, but good HCL news is good HCL news! 2. More good news on the progress in Mosul. I still can't believe the MSM isn't making a bigger deal out of this, but they are what they are. Things are going well there, and that's what we need. Go Iraq! 3. The CBI seems to be talking more about the exchange rate lately, which is exactly what I expect before they finally make a big change. My suggestion is to not believe a word they are saying, but instead pay attention to the simple fact that they are discussing it.
12-15-2016 Newshound Guru wmawhite Giving value to the IQD will also give the Iraqi citizen "purchasing power AND reduce the demand for the USD." Are laws needed. Yes, but with out value to the IQD none of the private sector growth will ever occur. We have always thought, because we were told by certain self proclaimed experts, that it was investors first followed by economic growth followed by a rise in the IQD. Sorry! That is AXX Backwards. If the value in the IQD does not occur up front all of the above will not take place. The Iraqi citizens need purchasing power. Look at what Alak stated (above). [post 2 of 2]
12-15-2016 Newshound Guru wmawhite ...this is the ever evolving discussion about how best to control the value of the IQD "on the street". Currently, the auctions are used for that purpose. it has been a failure. Now, everybody has an opinion about how best to do it. However, the Governor of the CBI just last week told the world how it will be accomplished; "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." Reducing the demand is giving value to the IQD so that all of those goods being bought with the USD is now bought with the IQD. Giving value comes from the CBI in advance, prior, before, all of these foreign investors. Not after! [post 1 of 2....stay tuned]
12-15-2016 Newshound Guru Kaperoni ...there is an article ...that does not sit well. CBI News. The article to me seems to be implying the CBI should just introduce a whole new currency at a 1 to $1 exchange rate. Which would not benefit current dinar holders. Not what the IMF nor the CBI have stated was in the plan. Not to mention a new currency with a random exchange rate would fail. I see this article as just another attempt to avoid what they should be doing. Like so often, Iraq tries shortcuts. There are no shortcuts. The IMF has clearly stated the plan for the dinar, it does not include a new currency. New lower denominations yes, but not a new currency. The issuance of a new currency would be counter productive for Iraq, especially with a few trillion dinar already circulated around world.
12-15-2016 Intel Guru Frank26 IMO...The Potential for them to complete the MR in 2016 is Conceivable to ...Plausible. [...if I hold the 500 note...no Kurdish language on them...will they still be good? I know [Guru] Delta said the 500 note would be the largest note after the three zeros are gone.] Yes ...They said co-exist up to 10 years.
12-15-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS.
LET'S SEE IF IT IS FACTUAL OR ANOTHER "LINE IN THE SAND" THAT IS ONCE AGAIN IGNORED OR IS MORE NONSENSE. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END. Based upon the information and activities that has been coming in the past few weeks, that have elevated in recent days, I think that we may actually see action sooner rather than later.
12-15-2016 Newshound Guru firefly Quote: "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains two exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3..." Straight from the IMF. ...talking past tense! no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2... Wow, wow, wow!!! [awesome news.] Yes it is. I see no hold ups whatsoever to date.
12-15-2016 Newshound Guru firefly [...i still do see how we all think that jan 2017 may be a change in the value...] If the project to remove the zeros begins as planned in early January 2017 wouldn't it logically need a change in rate 1st?
12-14-2016 Newshound Guru My Ladies AND I JUST WANT TO POINT OUT WHAT THE SDR BASKET IS AS PER THE IMF...THE BASKET IS EVALUATED EVERY FIVE YEARS AND WILL NOT BE EVALUATED AGAIN UNTIL 2020. THERE ARE ONLY 5 CURRENCIES IN THE BASKET AND THEIR VALUE IS DETERMINED DAILY... IRAQ IS AN ORIGINAL MEMBER OF THE IMF SINCE DECEMBER OF 1945 AND THEY PAY A QUOTA TO THE IMF JUST LIKE OTHER MEMBERS DO WHICH ALLOWS THEM TO BORROW AGAINST THEIR ACCOUNTS BUT THEY WILL NOT BE GETTING ADDED TO THE SDR BASKET AND NEITHER WILL ANY OTHER EMERGING OR FRONTIER ECONOMIES THIS IS A VERY COMMON MISUNDERSTANDING. [post 2 of 2]
12-14-2016 Newshound Guru My Ladies WHEN TALKING ABOUT THE REQUIREMENTS THAT IRAQ HAS AGREED TO IN THEIR LETTER OF INTENT TO THE IMF TO OBTAIN THEIR SBA LOAN...I WANTED TO POINT OUT THAT THEY DO NOT NEED TO DROP THIS PEG IN ORDER TO COME TO THE INTERNATIONAL MARKET...CURRENTLY IRAQ IS UNDER A STABILIZED AGREEMENT WITH A DOLLAR PEG. THAT MEANS IT IS ACTUALLY A DE FACTO PEG AS DEFINED BY THE IMF...EVERY CURRENCY NEEDS TO EXCHANGE AGAINST SOMETHING...SO THIS IS WHY THEY ARE COMMITTING TO THE DOLLAR PEG.. [post 1 of 2....stay tuned]
12-14-2016 Intel/Newshound Guru Mnt Goat Quote: "Steps to strengthen the legal framework of the CBI, remove exchange restrictions and implement AML/CFT measures are welcome. They will help to improve the integration of the domestic financial system into the global economy." Yes, you read this correct. They did say “integration of the domestic financial system in the “global” economy”. We all know by now what this, in part, means... Remember... Recently... the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed... hopefully, 2017 finally going through. [post 2 of 2]
12-14-2016 Intel/Newshound Guru Mnt Goat "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "The Executive Board of the International Monetary Fund (IMF) today completed the first review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term." ...we still see proof that they need to move to an international market place. ...they will have to get off the peg if they move their currency international. Very important to remember that Iraq is still NOT in the SDR basket of currencies and are still pegged to the US dollar (for now…) ...my take [my opinion only]...is they MUST move their dinar international and allow it to circulate outside of Iraq if they are EVER going to grow the private sector in the way they keep telling us they want do. [post 1 of 2....stay tuned]
12-14-2016 Intel Guru ADMINBILL GOOD MORNING WXXXX AND SHIPS AT SEA BECAUSE IT APPEARS WE ARE PREPARING TO TIE UP TO THE PIER. I BELIEVE IT IS SAFE TO SAY THAT THE POLAR EXPRESS IS ABOUT READY TO PULL INTO THE STATION AND OKIE'S [GURU OKIE_OIL_MAN] PLANE HAS LANDED AND TAXING INTO THE TERMINAL. KEEP A SHARP EYE OUT FOR THE EXIT SIGN. [Wow, have we ever been this close?] NOT IF THE INFORMATION WE ARE HEARING IS ACCURATE. WE MAY ACTUALLY SEE A GREEN CHRISTMAS. I WILL SUBMIT THAT SOMETIME IN JANUARY IS STILL A POSSIBILITY BUT NO LONGER LIKELY.
12-14-2016 Intel Guru Bruce In terms of Iraq everything has been done in Iraq that needed to be done. They have the lower denominations put out and dispersed in ATM Bank machines, in banks and provinces. Have their rates been known Internationally yet? I don’t believe so. They talked about it, and lower denominations are in. That is all good. Their QI cards are charged up at a rate that is very good. I do believe things are in process. We are very close of the start of this blessing for us. We are in a situation we can go anytime. We are literally waiting for the release for everything to go. We will have an incredible Christmas and New Years. [post 2 of 2]
12-14-2016 Intel Guru Bruce Did anyone see the Operational United Nations site or check it today? The 13th is when the Operations rates suppose to be posted if there are any changes in them. The date it suppose to take effect is on the 15th. It is called the midmonth report. Today there was a note that there would be no mid month change of Operational rates. We had months were there was no change in the middle of the month, but not have a note say there will be a change on the 29th of December and effective 31 of December. They have never announced that as I just said. What does that tell us? The fact there is no middle of the month operational rate change tells me they want any rates we may see in the first basket currency be kept private. Kept quiet and not be out yet. [post 1 of 2....stay tuned]
12-13-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review [Looks like from this article the IMF wants them to stay on the peg indefinitely until oil prices go up and ISIS is gone. They speak of Iraq being committed.] Until the conditions are created, I would expect so. That means until laws are passed and investors begin to come into Iraq we are at status quo.
12-13-2016 Intel Guru Frank26 ...on the 5th of December there was a meeting with the list of (agencies, etc) -- 3 letter agencies. All those agencies agreed on the 5th...IMO...to finish the budget and lift the rate of their currency. If the CBI was not so ready too...then the budget would not be so important. The budget is bringing them all together ...HISTORICAL! I believe they are shooting for that TARGET DATE...and it’s coming!
12-13-2016 Intel Guru RayRen98 [I need some clarification...and the general consensus is that this is Iraq’s call...is this Iraq’s party?] I’m sure it’s a collaborative effort between the US, Iraq, the UN and IMF and others. I think that a lot of us don’t understand that we are small fish in this deal; there are bigger fish to fry. Most of us have never been involved in something this big. There is much more going on here than the average person looks at or can understand if they are not involved in big decisions. The UN changes their rate sheet on the 1st and 15th of every month, so it might come out on the 15th because of that, or there might be other indicators that I don’t know.
12-13-2016 Newshound Guru Islandg1211 NOTHING, NOTHING, NOTHING...THEN SOMETHING! Recently...the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed...hopefully, 2017 finally going through.
12-13-2016 Intel Guru Frank26 Why did Exxon pull out of Kurdistan? Look at the front page of the Wall Street Journal. Why would a mega company pull out of Kurdistan? They know we have SECURITY. Maybe it was because of the BUDGET...they are in the process of lifting the 3 zeros...which they want to do by 2017. I believe that TODAY...there was a meeting to continue that same thought. They did so good with everything else. They caught them...RED-HANDED... corruption will be dealt with! We don’t give a damn about a date! We know that the blessing is coming! [post 2 of 2]
12-13-2016 Intel Guru Frank26 As far as the budget goes...Abadi is challenging the budget...they made a big mistake...(they meaning the ministers)... they misappropriated funds from the budget...and some were arrested. It is unconstitutional to make changes to the budget. Abadi saw that...and stopped it. The COM did not approve the budget. This budget...according to Abadi...will not be good until the council passes it. IMO – (and my Team)...the budget is only 1 to 2% away from being complete. In the past...if the GOI found a way to cheat someone (not a part of their tribe) – they would rip them off...but NOT now...things are changing. [post 1 of 2....stay tuned]
12-13-2016 Intel Guru RayRen98 All I’m looking for is the date because that is the only thing I can take action on. I already know that it’s done... I care about rates and dates, nothing else. We already know this is real. Iraqis in the US are using their cards and telling me that the calculations on their card come out to $3.71 – that’s real to me. When people are in Iraq or have just left Iraq and they have seen the value has changed in this area of that – that information is real to me. It’s a done deal; it’s over. We just don’t know the release date. Everything else is beyond our control. We are waiting, but not for long. So I like hearing the bankers saying the 15th, or between Christmas and New Year.
12-13-2016 Newshound Guru Kaperoni Article: "Is Iraq heading to float the dinar against the dollar?!" Quote: "...and these expectations (float Iraqi dinar) does not have any credibility at all and can not be done during the current year (despite the economic benefits), and the reasons for not float the currency back to the nature of the local economy being a rentier which means that he relies on oil exports..." This guy is right, they can't float the dinar at this time. Until the laws are passed and the market economy is started, investors begin to come into Iraq.
12-12-2016 Intel Guru Jester HERE'S THE DEAL...IT APPEARS AS IF EVERYONE THINKS THAT SOMEONE IS TRYING TO "PUSH" THIS THROUGH AGAINST SOME FORM OR RESISTANCE...AND THAT IS NOT THE CASE...THEY HAVE A PLAN... IT IS ALL WORKED OUT... AND THEY ARE WORKING TOWARD THE END GAME...
12-12-2016 Intel Guru RayRen98 Did we think we would still be here today? Yes, there was a possibility, but we might not be in a few more days – at least that is the thought. Iraqi television is still saying the same things, worded a bit differently. When we get to the bottom line, where are we? Most are saying the 15th...Everybody is definitely saying before the first of the year. It’s a wait and see ride before the last stretch. We are at the end, and the roller coaster is coming in to a stop.
12-12-2016 Intel/Newshound Guru Mnt Goat Remember it may not start at the value you all want (i.e 1 dinar to 1 US dollar on exchange). A significant increase means many different things to many different people. But think of this- when the CBI does make a move shortly it will FINALLY be a move in the direction we want no matter what...the rate is. YES FINALLY! We know that the CBI governor has said “the Iraq dinar will rise to it pervious glory days”. So during these next couple weeks I FULLY expect yet more of the re-education campaign by the CBI to teach the citizens what is about to happen. They still have not gone through all the details yet to the public. This will be our queue that we are yet even closer. Let’s all watch for these signs. [post 2 of 2]
12-12-2016 Intel/Newshound Guru Mnt Goat There is nothing but good news today to report. This means NOTHING negative stopping or postponing the CBI efforts in going forward in EARLY next year with the “project to delete the zeros...we should feel confident that we will see some movement very soon in the Iraqi dinar value. We are told we can expect some significant change in the currency value in the coming near future as in EARLY 2017. [post 1 of 2....stay tuned]
12-12-2016 Intel/Newshound Guru Mnt Goat The liberation of Mosul is going according to plan...and Iraqi forces expect to have control of the city within the timeline set out by Prime Minister Haider al-Abadi, who has said he wants to see the city free of ISIS by the end of this year. Then we see yet more news from Ammar al – Hakim....he now heads up the National Alliance, of which the Dowa party if only a part of but the largest party. I believe he is keeping Maliki at bay. So this week he said that "national reconciliation project is a strategic plan chosen to bring Iraqis under one umbrella." I believe the timing of this article in not coincidental and it is because the completion of Mosul liberation is imminent and they told us they want to target the rollout of the national reconciliation project with this event. They have told us they plan to implement this project following the liberation of Mosul. ...all this news is almost unbelievable as we watch and wait each day. We are getting VERY close to EARLY 2017 and so hang in there more great things are coming…
12-12-2016 Newshound Guru BGG "Ministerial council looking reinforcement provided by NATO to support Iraq contracts" NATO support... [They have come a long way in terms of professionalism and quality of individual...] They want "International acceptance" and support - this is exactly how they get it. ...they are on the road to restoration. Let's hope sooner than later. All indicator seem to point to something being "up"...
12-11-2016 Intel/Newshound Guru Mnt Goat I want to note also that yesterday the Ministry of Labour and Social Affairs of Iraq announced the issuance of more than 75,000 smart cards. So the citizens are moving towards having bank accounts as this is mandatory now if they want to get paid anything from the government i.e. pensions, salaries, etc. Why is this so good for us and our investment? Because this will create the needed liquidity in the banks which is a part of the banking reforms required by the IMF. [post 2 of 2]
12-11-2016 Intel/Newshound Guru Mnt Goat Recently we have read many articles as we witnessed the ability of the ATM machine to finally coming online (not yet filled with currency), the ability of the banks to electronically communicate with each other (electronic banking), and the ability to have a CREDIT system tracking each citizens credit rating and the ability of banks to provide credit based loans. This was and still is all very good and heading in the right direction. If fact these banking reforms are all happening now so fast that if you blink you might miss them. [post 1 of 2....stay tuned]
12-11-2016 Newshound Guru firefly IMO Iraq has only one chance to get this right. Once they implement the reform there is no turning back. They need to come out with absolutely no mistakes. So is this a delay or ...
12-11-2016 Intel Guru ADMINBILL DO YOU HEAR WHAT I HEAR? DO YOU HEAR WHAT I HEAR? SAID THE NIGHT WIND TO THE SHEPHERD BOY...THE WHAT IF'S CONTINUE...WHAT IF I SAID ALL CURRENCIES ARE PLANNED TO ROLL OUT BEFORE THE 20TH? WHAT IF I SAID IT IS HIGHLY LIKELY YOU WILL INDEED HAVE A VERY MERRY CHRISTMAS?
12-11-2016 Newshound Guru wmawhite Read this carefully, it is from a recent statement from the CBI: "noting that " the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies. "He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years..." "the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years," Now hear this! Your "ancient coins (translation... currency/notes)" ...in other words...your 25,000 IQD notes will always be 25,000 IQD notes. Eventually...as the larger notes are withdrawn from the marketplace...smaller notes will be needed because the price of goods will decrease, and such notes as the 25 IQD will be commonplace.
12-11-2016 Intel/Newshound Guru Mnt Goat First I am still hearing that early 2017 is the time frame to launch the 50, 100 and 200 notes. Why is this so important? These notes are on the list of the “new” lower denominations and must have some value and we know in order to do this there must be some kind of substantial rate increase very close to the dollar. Otherwise why would they bother spending large sums to design, print and launch these new notes?
12-10-2016 Newshound Guru firefly [just hoping this time its really gonna happen.] It IS happening before our very eyes...NOBODY knows the Date ,,,, it will just happen one morning when you wake up... But...I beleve if the project to remove the zeros begins as planned in January, something else has to occur 1st...Removing the 3 zeros refers to removing the 3 zero notes off the street...So what will they be replaced with? [the lower demons which would make them raise the rate] BINGO!
12-10-2016 Newshound Guru wmawhite When the word project is used...it is referring to many pieces /action items that make up the project...if they state removing the three zeros then IMO it is referring to the lowering of the note count...which has been happening for some time, as well as...the need for the larger notes not being needed in the market place, i.e...
"removing the three zero notes from the currency"...that statement was just recently used be Alak...this, IMO...means the increase in value of the IQD which will lower the price of goods in the marketplace, thus...removing the need for the three zero notes.
12-10-2016 Newshound Guru firefly If there is a real event rate change it WILL show at the CBI 1st! IMO even a 1-1 makes no mathematical sense comparing it to the 2017 budget.
12-10-2016 Intel Guru ADMINBILL REPORTS REMAIN THE SAME. LOOKS GOOD THROUGH THE END OF THE MONTH WITH THE 15TH AS A TARGET. AFTER THE INAUGURATION IS STILL IN PLAY FOR ME AS WELL. IMO.
12-10-20216 Newshound Guru rcookie Article quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." READ THAT QUOTE FROM ALAK...AND ASK YOURSELF HOW DELUSIONAL YOU HAVE TO BE TO STATE AN ABSOLUTE VALIDATION TO THE FLOAT PLAN...WHEN IT CLEARLY STATES THE OPPOSITE...
12-9-2016 Intel Guru RayRen98 Last week I shared that I thought it would be the final Friday, but some things shared with us didn’t happen according to the plan. Half has materialized, and half is still to materialize. If it all happens according to plan, I do think this is the final Friday before the public release... everything is still the same, moving along. We are waiting for updates from Iraq. The Budget should no longer be an issue. There are still a few little points, but mostly it’s a done deal before 1. January. We are in that window of time that really makes this Christmas season different from the previous three, four, five years. The expectation is the same as last year but the parameters are different. With what we know to be factual, it’s a done deal – I just can’t tell you the exact day. I’m looking forward to bank activity next week, if everything goes forward as planned. [Can we talk about rates?] They are higher than what they were. The last rates I believe have been consistent, dinar = $3.71, dong = 47 cents...
12-9-2016 Newshound Guru mike I think the UST is there to cut off funding for terrorism and move Iraq into the 21st century in regards to banking. I also don't think they give a hoot about what Iraq does with their currency, as long as they're doing what the IMF is telling them to do, like stay pegged to the dollar, liberalize the foreign exchange and get control of the MCP... these guys aren't there for currency revaluation. No one can tell Iraq what to do, they are a sovereign nation and they make their own decisions. The UST, IMF and WB have been telling Iraq for years to fix the problems and they have ignored them, unless they wanted handouts, then things get done. We'll just patiently wait and see what happens...
12-9-2016 Newshound Guru rcookie BY MAKING THE DINAR WORTH .10 ...AH...NOPE...I DONT THINK SO...EVEN AT 1:1...IS THAT GOING TO BE ENOUGH TO PRY THE DINAR OUT OF THEIR COLD HANDS...AND GET IT INTO BANKS...BIGGER INCENTIVE...IMHO...AND THE OTHER THING THAT ARTICLE TELLS US IS HOW FAR ALONG THEY ARE IN THE REDUCE THE NOTE COUNT PROCESS...AND CORRELATION TO THEIR LIQUIDITY CRISIS...WHICH WOULD BE SEVERELY EXACERBATED AND PROMOTE HYPER-INFLATION BY SUDDENLY ENDING AUCTIONS...THEY NEED INCREASED PURCHASING POWER AT POINT OF SALE... [post 2 of 2]
12-9-2016 Newshound Guru FrostyTheSnowman Years ago, I remember reading an article that spelled-out Iraq's plans ... where they quote >>> ... "which will have three zeros removed to revalue them." ...IMO ... we're just about there!
12-9-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." THAT ARTICLE WAS ONE OF THE MOST INFORMATIVE WE HAVE EVER SEEN... HE TALKS IN SPECIFICS ABOUT THE...POLITICIANS AND MEDIA STATEMENTS WAGGING THEIR FINGERS ABOUT AUCTION FAILURE AND STABILITY OF IQD...AND HE SAYS IT VERY SIMPLY...YOU ARE NOT GOING TO STABILZE THE IQD BY TURNING OFF THE AUCTION FAUCETS...THE ONLY TRUE WAY TO DELIVER IQD STABILITY IS TO REDUCE THE DEMAND FOR THE USD...AND IDENTIFIES "STRUCTURAL CORRECTION OF THE IRAQI ECONOMY"...AND HOW DO THEY INHERENTLY REDUCE THE DEMAND FOR THE US DOLLAR... [post 1 of 2....stay tuned]
12-9-2016 Newshound Guru Shredd I see possible evidence of a continued managed float (with continued auctions) before a market-driven (and no auctions) free float. This is why I say this: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." "Structural Correction" means a planned, controlled process. Additionally, if a free float and stopped auctions started now, it would "collapse" Iraq's financial situation. Bottom line, it's good to see this specifically being discussed. With the project to remove the zeros coming soon, let's watch what happens. [post 2 of 2]
12-9-2016 Newshound Guru Shredd Article: "The Governor of the Central Bank: no way to uninstall window selling the dollar, if the exchange rate became cancelled 3 or 4 thousand, maybe more/" As I read and reread through this, I look at the big picture which I always try to do. The scope of this is around the auctions. The cbi must keep them going to prevent collapse. They are the single most effective tool right now for the cbi to maintain stability in the currency. Future state, interest rates will become a primary tool. Now I know some people in the dinar world are going crazy because the word "float" is mentioned but... [post 1 of 2....stay tuned]
12-9-2016 Intel Guru Bruce We had information...that was indignant that this thing was absolutely supposed to have happened yesterday [Wednesday]. A lot did happened yesterday and more happened today. What happened yesterday was extremely big and meaningful. One thing that went on was the US became gold back officially. We had the gold treaty witnessed by the IMF, the World Bank, the World Court, and by the US Treasury. That gave us a gold back currency which was announced basically through the banks around the world by this morning. That was huge. I heard the UN suppose to have made an announcement this afternoon, but I have not uncovered the proof... This puts us in a new light. Each country is now asset back, gold back around the world. ...the Islamic gold agreement was passed so those countries in the Middle East could be gold backed. We understand they are as well. ...my understanding is everything is in place. There might be a few details here and there that are being cleaned up, but I really think we are in a place where we can have an outstanding next few days. ...I think we should have the best Christmas ever.
12-9-2016 Newshound Guru mike It's clear that Keywords knows that if they unpeg today, the dinar will crater, with no economy to support it, there's no demand. Now all Keywords (and the rest of us dinar holders) need is for Parliament to sharpen their pencils and get this legislation passed to create the needed economic activity to empower the dinar. From what I can tell, Iraq is going to follow the advice of the IMF and keep the dinar pegged to the dollar, keep the auctions going and push Parliament to enact the needed economic legislation. Once that's done they'll get the MCP straight and the system liberalized, and then slowly begin adding value to the dinar...Iraq has a lot of work to do and it's becoming more and more obvious that the dinar isn't severely undervalued... Heck, even today, the street rate is almost 10% less than face value. Once the legislation is passed and the IMF requirements are met and the dinar moves to Article VIII, then I'll get excited. Here's hoping the reserves will last that long.
12-8-2016 Intel Guru Frank26 ...ATM Machines! The CBI believes that this is how you get the citizens to open accounts BEFORE the end of the year! Freakin’ brilliant! ...the ATM machines … outside of Iraq … the fees will be much higher. This is the key … the ATM machines! To get the dinars out of the country … good grief … they just told us they were going INTERNATIONAL! ...one of the state bank managers said that the ATM machines were nice...but they couldn’t use them until they lifted the 3 zeros! The software in these ATM’s ONLY works with the Lower Denoms!! These ATM’s do not accept the 3 zero currencies!!! The ATM’s that came out of nowhere between...is a sign of being INTERNATIONAL!
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "WITHDRAW YOUR MONEY IN IRAQ FROM ATMS" Quotes: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country. " "Rafidain Bank, announced Tuesday, for the high number of its branches to 165 branches after the opening of a new branch in the province of Maysan, stressing his quest to expand his work locally and internationally." ...so here we go...Rafidain bank going full scale now on the implementation of the divider system. Basically rolling it out to all branches. This exactly what we expected and need!
12-8-2016 Newshound Guru Adam Montana [Any good news towards the hcl yet.] The HCA has been included in the budget for some time, and since they are making solid progress on the budget I consider that to be positive. No actual HCL yet, but it's coming. [At this time, just what are the main hold ups on the HCL?] The HCL is in a great spot right now, there's really nothing holding it back! It's just a matter of paperwork I think. That's going to take time, but I don't see it taking a long time anymore.
12-8-2016 Newshound Guru 1bobby [They passed the budget?] To my knowledge...yes. It's a good day to be in this investment... It's done...To include the 17% to the Kurds...23% Defense spending... They've published it... One of the articles voted on requires it to be published in the Gazette... I was surprised they did it... Now that doesn't mean that they can't or won't come back with minor adjustments as they move ahead...
12-8-2016 Intel Guru ADMINBILL THURSDAY IS HERE AND WE ARE STILL VERTICAL AND SUCKING IN AIR. THAT IS A GOOD THING! IT ALSO MEANS YOU ARE STILL IN LINE TO BECOME A LIVING DINAR EXCHANGER SOON. THE INFORMATION RECEIVED UP UNTIL LATE LAST NIGHT LEADS ME TO BELIEVE THAT THE PROCESS IS AS FOLLOWS: BANKING CONTACTS ARE TELLING CONTACTS THAT THE (DINAR, DONG, ETC.) PROCESS WILL BE DONE THIS MONTH WITH THE GOAL OF THE 15TH. ...RUMORS PERSIST THAT THE EXCHANGE MAY NOT HAPPEN UNTIL AFTER THE INAUGURATION.
12-8-2016 Newshound Guru Kaperoni ...we have confirmation that the CBI is, in fact, working to meet what the IMF stated in 2012 which said..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," Article quote: "but we are working to free the currency instead of controlling it." ...the very definition of a free float is "free the currency instead of controlling it." Allaq has made it clear they working towards such an event (which is great confirmation). We just don't know when. ...I believe they will have to get off the peg in the near future since they are in the process of launching the market economy. Time will tell.
12-8-2016 Intel Guru Frank26 Somebody called me...yesterday...they said...“are you sure that the IMF is demanding that Iraq raise the value of their currency, in order for them to get the 2nd loan?” I said “yes.” I believe they are about ready to get their loan...which means they are about ready to raise the value...IMO. Article quote: "The remaining funds will be disbursed contingent on certain performance criteria consistent with the program's objectives to reform Iraq's financial and economic policy." In order to get the 634 Million Dollar loan...the funds are CONTINGENT ...to the reform of Iraq’s financial policies. What are those? To raise the value of their currency. What else? They must remove the RESTRICTIONS of the CURRENCY EXCHANGE...The program rate is a restriction. Article quote: “… it will SIGNAL that the currency can be freely exchanged..." This is impressive!!! ...it is CONTINGENT...this loan... for the IMF...to see that the MR has to improve and there is so much evidence all over the place. This is amazing!
12-8-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." [This means they have to make their currency aceptable in the world's marketplace so there would be no need for the USD.] THAT IS EXACTLY RIGHT! ITS A PRETTY PAROCHIAL CONCEPT... ACHIEVE IQD STABILITY = REDUCE USD DEMAND IN MARKETPLACE...
12-8-2016 Newshound Guru mike ...they won't be able to RV at 1-$1, there's 60 trillion in M0 money supply. Even if they came out at a nickel there'd be $3 trillion dollars worth of dinar, which is roughly what the US has. There's no way a country with a GDP of roughly $170 billion can carry that much in circulation. They have to slowly raise the value of the dinar as the economy grows, there's no shortcuts.
12-8-2016 Newshound Guru Kaperoni More great news! CBI announces the launch of mobile banking. Welcome to the 21st century Iraq! Let me show a list of what occurred in last few days...mobile banking, electronic credit sharing, ATM's, Allaq talks floating the dinar. Not to mention the 2017 budget passed today. Is this Iraq? Lol.
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "Deputy: the budget approved in full, the parliament added nine paragraphs to finalize the draft budget law" So the Kurds got the HCl provisions now passed in a legal law (the 2017 budget) so let’s see what this brings…By the way the passing of the budget in NOT tied to getting the RV once approved. There is no trigger to this event with the RV! However, they do need the budget to get the $$$ from the SDR loan installment by the end of 2016. They also need the launching of the currency reform going forward into the first quarter of 2017 to get anymore installment $$. This I know as a FACT! ...So let’s see what EARLY 2017 brings us...I also want to emphasize one more time – there is no RV unless the lower denominations are launched first in the “project to delete the zeros”. The CBI has told us multiple time this will not occur until EARLY 2017.
12-7-2016 Intel Guru RayRen98 Budget: PASSED...We were getting blow by blow reports. Item by item as each passed. Each one being approved and hassled over...Everybody in agreement what is in it. Goes into effect January 1, 2017. Expectation and anticipated it means a revalued currency...and promised, but it still remains to be seen. If I’m asked for a deadline date, I will still say Jan 1, 2017. Rate: May not be revealed until it goes into effect January 1. I’m at this resolution, “It’s Done!” When will we do an exchange? I’m still looking at this week...based on information. CBI Governor on TV said the rate will be global...That they do not want it to float...yet.
12-7-2016 Intel/Newshound Guru Mnt Goat Note that the CBI is ONLY telling us the mechanisms are in place ready to use the machines, but not yet. We know the other half of the story is not yet in place...that of the new lower denominations being put into the machines. Remember they do not want to disperse more of the 3 zero notes since they collected nearly 80% of them already out of circulation. This is why they moved to all this new technology and SMART card (debit card) processing. So they will not have to put them back into circulation. ...So this is very, very good news. Are they getting ready to load these ATMs now with the lower denoms? Hint...Hint...Hint! [post 2 of 2]
12-7-2016 Intel/Newshound Guru Mnt Goat Article: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Now they are telling us that the “divider” allows the holder of a credit card issued by a state bank and has the ability to allow special withdrawals of money from any automated teller machine (or ATM) and this is now widespread across the country. We knew almost 5 years ago that a contract went out to install ATMs throughout major cities in Iraq. These machines laid dormant and still remain empty as they are not designed for the large 3 zero notes and can not process them for cash withdrawals. [post 1 of 2....stay tuned]
12-7-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY WITH THE RV? I BELIEVE WE ARE RIGHT WHERE WE NEED TO BE. IT APPEARS IRAQ HAS FINALLY BEEN GIVEN A LIGHT GREEN LIGHT TO MOVE FORWARD WITH THE FINAL IMPLEMENTATION OF THEIR BUDGET AND LAWS AS A PRECURSOR TO THE SOLID GREEN LIGHT FOR THE IMPLEMENTATION OF THE RV. I BELIEVE THAT MAY STILL BE A WEEK OR TWO AWAY...IT APPEARS OBVIOUS THAT WE ARE BACK ON TRACK TO WHAT COULD BE AN INTERESTING NEW YEAR AND, HOPEFULLY, A WONDERFUL HOLIDAY SEASON.
12-7-2016 Newshound Guru Kaperoni Nice. Good to see parliament accomplish something. 2017 budget now passed.
12-7-2016 Intel Guru Delta Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if cancelled, the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects float Aldenarabraghi, similar to other countries in the region, he said: / This Alammergarmatarouh sealed the moment, we are working on Thariralamlh not floated, the difference Kparbin Monday " HE IS SAYING NO FLOAT...SET RATE.
12-7-2016 Newshound Guru Kaperoni Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4000 and maybe more" Quote: "...we are working to free floating currency..." ...direct from governor of CBI. Words in article...are absolutely validation on the plan... CBI Governor confirms float of the dinar. Though great news and vindication, he says they are not ready yet. I can wait. ...today's news is absolutely amazing and validation we wanted to hear.
12-7-2016 Newshound Guru Stryker Iraq's 2017 Budget Voted Into The History Books.
12-7-2016 Intel Guru Bruce I am excited. In terms of Intel guys, the Intel we have been putting out has been coming out from my sources only. Intel wise we are about as button up as we can be for this to go. We are waiting for us to be notified. Things are happening in Iraq and the Middle East making this thing happen. I think this week is still our week. The Islamic Gold Standard Agreement what was holding this RV up from what we understand. The Islamic Gold Standard Agreement was passed. That was huge. The law was changed so the currencies in the Middle East could be gold backed. Even though it is Tuesday we have a lot of week to go. I want everyone to stay ready for this at any moment. Let us see what happens.
12-7-2016 Newshound Gurus Kaperoni & Admin Bob Article: "Central Bank announces start the exchange of credit information system "electronically" Quote: "Iraqi Central Bank announced on Tuesday, to work with an electronic system for the exchange of credit information, explaining that "this system allows the government and private banks to the exchange of credit information among themselves and between the Central Bank of timely and reliable manner" Another very signifcant banking announcement came today. The Central Bank of Iraq announced the launch of the electronic system for the exchange of credit information. More good news for sure.
12-7-2016 Newshound/Intel Guru BGG ...there is SOOOOO much great financial / economic / legal news... lately...how can we NOT be really jazzed about where things are? The general consensus - we are in a VERY SHORT window... things are moving fast for Iraq right now...
12-6-2016 Newshound Guru Kaperoni The CBI is clearly doing it's part to kick start the market economy, loans, electronic banking, credit reporting, it's now up to parliament.
12-6-2016 Newshound Guru Enorrste Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Not to be a naysayer, but we all must also recognize that in order for anyone to use an ATM machine in Iraq they must first have a bank account. We may be putting the cart before the horse here. The problem is that people don't use the banks. Thus, they may not use the ATM machines. Of course foreigners could use them, and that satisfies a portion of the "international banking" that KAP [Guru Kaperoni] has referred to. But I won't get too excited until I see deposits into banks from locals rise. [reference Guru Kaperoni post 12-6-16]
12-6-2016 Newshound Guru rcookie and BGG SO UNTIL THAT BUDGET IS VOTED ON AND PASSED...WHAT DOES THE IMF & IRAQ HAVE TO MEET ABOUT... Article: "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "December 5, 2016 IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program" Wooo POOOOWWW!!! [post 2 of 2]
12-6-2016 Newshound Guru rcookie THE IMF REVIEW IS A CHECK AGAINST IRAQS COMPLIANCE TO FISCAL REFORM COMMITMENTS...IRAQ MADE IN MAY (AHMAN,JORDAN) IN ORDER TO BE APPROVED FOR THE 1ST PART OF SBA FUNDS ACCESS...THE COMPLIANCE CHECK AGAINST FULLFILLMENT CAN ONLY COME FROM 1 SOURCE... [Passing the budget and passing laws?] THEY HAVE BY ALL REPORT ACCOUNTS MET THE REQUIRED REVENUE & EXPENDITURE MANDATES IN THE APPROVED DRAFT OF THE 2017 BUDGET LAW...BUT STILL REMAINS A REPORT UNTIL IT IS VOTED INTO LAW... [part 1 of 2....stay tuned]
12-6-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM " I do...believe this is a significant step forward for Iraq as this advancement will improve Iraq's banking system activating e-commerce, ATMs, electronic transactions, etc. As stated in several articles this is necessary to meet international standards. Which we know is a requirement for international banking and eventually Article VIII. All measures that will help the dinar appreciate when the time is right. All of this will have an effect on corruption. And show the global financial system Iraq is ready for international transactions.
12-5-2016 Intel/Newshound Guru Mnt Goat Many have requested from me updates on the VND and the ZIM currency revaluation. So here is my opinion... the Iraqi dinar revaluation is the ONLY currency we know of that has the most likelihood of any significant change in value in the near future that could make you a millionaire overnight.
12-5-2016 Intel Guru RayRen98 ...we are still waiting… on the IMF review, on the budget information, and we may not hear anything on either point until tomorrow. I don’t think anyone knows how long we are to wait on this. Everything still looks good. I am looking for this to happen this week.
12-5-2016 Newshound Guru BGG IMHO - the IMF wants them to start acting like a real country, pass budgets correctly and on time, pay their bills - kick out terrorists, don't pursue their political adversaries in a "police state" sort of way ...either way - IMF, UN, WB has had enough.
12-5-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Good news. Project "chucked" or project "divide" whatever you want to call it has been talked about for several years. Finally, it is operational. ATM'S are now active in Iraq! Woo-hoo. This is a critical step towards bringing Iraq's banking system online and up to speed with the rest of the world. For those who say "Iraq never accomplishes anything," this is a milestone.
12-5-2016 Newshound Guru ADMINBILL IMO...THE NEWS COMING OUT OF IRAQ IS INCREDIBLY GOOD AND SHOWS ME THEY ARE ON THE BRINK OF COMPLETION BUT HAVE NOT BEEN GIVEN THE GREEN LIGHT TO OFFICIALLY APPROVE THEIR BUDGET AND OTHER ACTIONS. LET'S SEE WHAT HAPPENS TODAY AND TOMORROW.
12-5-2016 Intel/Newshound Guru American Contractor Iraq government officials would like to see the country increase the oil production before any serious work on the Iraqi currency is completed. The redenomination is the start of the successful macroeconomic stabilization and will not alter the value of the Iraqi dinar currency. Currently, the economy has not stabilized itself enough as prior to June 2014, when terrorists moved with speed in northern Iraq. The Financial Advisor to Iraq, Prime Minister, Mohammed Saleh has recently said that there is a legitimate concern for bankruptcy because of an increase in the government pensions since 2003... The Iraqi government applied for a loan from the IMF (International Monetary Fund) and the loan came with stipulations. For one, the IMF would like the Iraqi government to reduce the salaries paid to retired government employees. The IMF has not stated what the ramifications would be if the Government of Iraq did not comply with these terms. [post 3 of 3]
12-5-2016 Intel/Newshound Guru American Contractor The Iraq Central Bank (CBI) has decided to continue with the delete the zeros project or better known in the financial circles in Baghdad as the redenomination of the Iraqi dinar currency. The CBI has started printing the 50,000 (50k) Iraqi dinar currency banknote and will print the 100,000 (100k) Iraqi dinar currency banknote shortly thereafter. The printing of the 100k has not yet started, and talks continue on about printing a 200k banknote. You may also find it surprising that the low denominations currently in circulation will be removed from Iraq. That announcement is expected to come later in the year. [post 2 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru American Contractor Things in Iraq are going as well as can expected in light of the happenings there. All considering that the Iraqi government has been at war with the Islamic State of Iraq and the Levant (ISIL) since June 2014. Things appear to be looking up for Iraq as the Iraqi Security Forces (ISF) have surrounded the city of Mosul and are currently cutting off all escape routes for the ISIL terrorists. ...the private banking system continues to work at minimum modern day banking standards. The banking system is underdeveloped and is a cash based system the majority of the time. Very few banks issue bank credit cards, wire money, issue loans and/or make deposits. [post 1 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru Mnt Goat There was a very good article that came out on another rate increase for the Iraqi dinar. This rate increase should not be confused with the project to delete the zeros. This article is talking about raising the rate in the “closed” Iraqi economy and has nothing to do with going international as of yet, which is what is going to get us the money we are looking for as investors. Again I will clarify – there has NOT been any RV in Iraq and the lower denominations are NOT out on the streets or being used by the banks. We do know the CBI has told us that in early 2017 in conjunction with the “project to delete the zeros” they intend to launch the 50, 100 and 200 dinar notes. This means at this time (as in 2017) they will have to do something with the rate or else these notes would be virtually worthless to the average citizen as they would be worth only 5 cents, 10 cents and 20 cents accordingly. This is really good news and so don’t lose sight of it. Can they change their minds and delay it? Sure but we have not heard any new news to tell us otherwise.
12-5-2016 Newshound Guru Stryker 2017 Budget Update for 12/5/2016: Parliament postponed the third reading of the 2017 Budget yesterday to today after reading and passing Article 50 but there are still some Article areas that are in need of work and they are working on those today. The Kurds are boycotting today's session along with a few other oil rich provinces but it will all be worked out in time.
12-5-2016 Intel Guru Dr. Clarke We've made it crystal clear, even from the beginning of this 2016 Year, that this was all going to be completed IN THIS YEAR OF 2016, in our opinion. We've also made it crystal clear in our most recent posts, about this month of DECEMBER, 2016...and in particular from the 15th-31st. Nothing has changed.
12-5-2016 Newshound Guru BGG Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" Isn't this a little like "Water is wet"...or "we've agreed to do everything we've already agreed to do..."... correctly this time...the fact of the matter is this... the IMF is looking over their shoulder - they HAVE TO GET THIS DONE...
12-5-2016 Newshound Guru MadDScout Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" This is the Kurdish portion that has been approved not the vote on the Budget...That will be Monday at 1PM
12-20-2016 Newshound Guru Kaperoni Article: "Iraq's former finance minister loses appeal against 'unconstitutional' removal" Quote: "Iraq’s former Finance Minister Hoshyar Zebari has lost an appeal at the country's federal court against his removal as minister by the parliament which he called unconstitutional." This is really to bad.
12-20-2016 Intel Guru Frank26 The 3rd largest bank in America is called CitiBank. They made a bold move on Friday...CitiBank was again selling the IQD. Remember the UST told them awhile back they couldn’t sell it...but now the UST has turned to the 3rd largest bank in America. The UST gave them (Citi) a green-light...told them they could BUY and SELL the IQD again. That is SO BIG!!! IOO – this only means that the restrictions of the IQD have been lifted. Citi is in business to make money. How can you make money with a program rate? IMO – many more banks will be given these orders as the days go by.
12-20-2016 Intel Guru ADMINBILL ...THE LATEST BIT OF INFO IS UP TO 48 HOURS FROM 1500 ET MONDAY. EITHER IS WILL OR IT WON'T. WE HAVE NO CONTROL.
12-20-2016 Newshound Guru mike Article: "Parliamentary investment: central bank reserves fall to $ 40 billion" At this rate, the CBI will win and Iraq will lose. The Shia majority will/have not charged, prosecuted and convicted anyone who isn't Sunni or Kurd. Following the historical loss of reserves, Iraq will be financially insolvent by the end of 2018. Candidly, it may already be too late, moving to an open market economy with the supporting legislation takes time, hopefully there's enough time left for Iraq to save itself. [reference Guru Kaperoni post 12-19-2016]
12-20-2016 Intel Guru RayRen98 Some of the budget has been published but not what we are looking for. Why not, it’s a mystery. I have been given reassurances that what we are seeking is there, just not visible yet...told a long time ago, new value would be reflected in the budget...from the calculations. We’re waiting for it to show up in the Gazette. It is to go in effect January 1, 2017... If Mosul had any impact on it, you can see that is no longer an issue. For all intent and purposes, even though no announcement, I’m going to say this currency is International! Just over the weekend we learned four banks that at one time told you, “not touching (Iraqi dinar) with a 10 foot pole,” now buying and selling. Like they never, ever told you “we are not dealing with that currency and never will.” The rate right now is not the significant thing. It is they are now participating in it. For all intents and purposes, no matter how you slice, dice or flip it, this baby is done.
12-19-2016 Newshound Guru Kaperoni Article: "Parliamentary investment: central bank reserves fall to $ 40 billion " It's a game of chicken between the CBI and IMF. The IMF won't let the CBI advance the banking system until they follow the directives, yet the CBI cannot stop the corruption which is depleting the reserves. Who will win?
12-19-2016 Intel Guru Jester THEY HAVE A PLAN...AND AS I ALWAYS SAY... THEY ARE WORKING THROUGH THE PROCESS...THE WORD I HAVE IS MID JANUARY... DO NOT HOLD ME TO THAT... THAT IS JUST WHAT I AM GETTING RIGHT NOW...IT WILL STILL TAKE A BIT OF TIME TO GET ALL THIS MOVING THROUGH THE SYSTEM... IT IS NOT GOING TO BE A PUSH BUTTON..
12-19-2016 Intel Guru ADMINBILL LOOK FOR MOST MAJOR BANKS TO FOLLOW THE LEAD OF CITIBANK STARTING WITH CHASE OR WELLS FARGO. WATCH THE ACTION BEGIN IN THE EARLY MORNING HOURS AND ONWARD. THIS IS NOT THE RV...YET. BUT THE WHEELS ARE TURNING. WILL IT BE THIS MONTH OR JANUARY. BASEL 3 IS ALREADY IN PLAY. ASSET-BACKED MEANS VERIFIABLE ASSETS LIKE BLACK GOLD, YELLOW GOLD, AND OTHER PRECIOUS MINERALS, AS WELL AS FOREIGN CURRENCIES AND BONDS THAT SUPPORT A COUNTRIES' CURRENCY VALUE. BASEL 4 IS ALSO COMING. THE NEW DIGITAL REALITY WILL BE EASIER TO SUSTAIN VALUE DUE TO LESS CASH AND SUPPOSED CORRUPTION.
12-19-2016 Intel/Newshound Guru tman23 The IQD to revalue at a rate that includes 3 zero notes at exchange NEEDS to be backed by somebody other than Iraq... Simply put...Iraq does not have the money to pay out exchanging 3 zero notes at a high revalue...Because Iraq does not have trillions to pay out exchanging high value 3 zero notes...countries are going to hold them in their currency basket...keep in mind most the big banks are public held and on the stock exchange...Not one of them is going to risk holding a toxic currency from an unstable region for any amount of time...UNless the UST guarantees the bank to cover that said currency...REALITY remains the same...They are lifting the 3 zeros beginning 2017 and the guess is still on going on how that affects the value of the 3 zero notes we hold...
12-19-2016 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: Iraqi dinar will be the danger of 2017" Quote: "The financial and economic policy of the central government of the Central Bank of Iraq is considered politically incorrect in the local market," stressing that "the Iraqi dinar will be in danger of the year 2017, the government and the central bank did not change their policies towards the local currency." [IMO...it sounds like this committee dude is looking and calling for a change in the value of the dinar...like equal to the dollar maybe...he trying to tell us something?] ...agreement...it's coming...the BEST is yet to come.
12-19-2016 Newshound/Intel Guru BGG [What's up with the RV?] If you want to know about timing...listen to what Allaq with the CBI said...he said the Monetary Reform process would start in the early part of 2017...so the 1st quarter of 2017 is what the governor of the CBI says is when they will start the process.
12-18-2016 Newshound Guru firefly Article: "Balutiqh..omanh Cabinet declares its non-stop government appointments" Quote: "...the adoption of all the records of the Ministry ratified by competent minister until the date of 31.12.2016, and the Ministry of Finance to complete all the procedures, including deletion and development." to complete all the procedures, including deletion and development. [now that looks pretty exciting...so by Dec 31st?] Ya think? Thats what many articls are saying in print...
12-18-2016 Intel Guru Dr. Clarke Since the very beginning of 2016 in our earliest posts in January ...we said with full conviction, that 2016 is the year that, Iraq would substantially raise the RATE & VALUE of their Dinar, and become full Internationally tradable & exchangeable outside their country, worldwide. Throughout the year, we threw in some dates, as possible timelines, that within this year, this MAY have happened, based on the circumstances at those particular times. ...we indicated “3 Plans” or date projections, as possibilities, according to the “PLAN”...HOWEVER, we’ve ALWAYS SAID FROM THE VERY BEGINNING, back to January 2016, In our view, opinion & belief, that we would NOT get out of 2016, without this happening. 2016 WAS and IS the Year.
12-18-2016 Intel Guru ADMINBILL YESTERDAY WAS ANOTHER QUIET DAY ALTHOUGH MUCH IS BEING ACCOMPLISHED IN IRAQ. IN MY OPINION IRAQ WILL MYSTERIOUSLY HAVE EVERYTHING COMPLETED WHEN THE TIME IS APPROPRIATE. IT IS MY UNDERSTANDING THAT THE REQUIREMENTS TO MEET THE AGREEMENTS NECESSARY FOR THE 20TH HAVE BEEN MET. AGAIN THIS INFORMATION IS SPECULATIVE AND MUCH OF IT CANNOT BE PROVEN TO BE TRUE SO USE DISCERNMENT... AND REMEMBER, MEETING THIS GOAL DOES NOT NECESSITATE THE IMMEDIATE RELEASE TO THE RV/GCR. WE MAY STILL BE LOOKING FOR JANUARY. I REMAIN HOPEFUL FOR THIS WEEK BUT WILL NOT BE SURPRISED IF 2016 IS IN THE REAR VIEW MIRROR WHEN IT ARRIVES.
12-18-2016 Newshound Guru Islandg1211 "THE IMF RELEASES ANOTHER $618 MILLION LOAN TO IRAQ" This article summarizes the meeting that resulted in the IMF releasing the loan installment even though Iraq did not meet all of their expectations. THE RV WAS NOT TIED TO IRAQ GETTING THE LOAN INSTALLMENTS. I was right that: 1 – The IMF would give them the loan without an RV. 2 – That the GOI would pass the Budget...but no other laws...nor vote in cabinet...and would leave for a month vacation.
12-18-2016 Intel Guru Frank26 Article: "Sources to Baghdad Post: Military operations in Mosul come to end" Quote: "The military operations in Mosul have come to an end, security sources told The Baghdad Post. The sources pointed out that a police reshuffle is imminent after Haider al Abadi visited the operations headquarters earlier." We told You...From the 18th into the 19th ...A [Abadi] would release sometime of importance with the MR. Today ...The SECURITY for the MR. IMO...There will be more tomorrow.
12-18-2016 Intel Guru Dr. Clarke DONG holders...: “It’s the same status - at ANY time”...but it’s really close, and in conjunction with Iraq’s ISIS security status, and worldwide. ...back in the summer, we posted an article out of VN that stated very specifically they would maintain and adjust the rate of the Dong, within market conditions, THROUGHOUT THE END OF THE YEAR 2016. That article had significant importance...
12-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Changing CBI governors is not something we want... Each time this occurs, it weakens the currency, investor confidence, citizen confidence and slows down monetary policy. Abadi more than likely is getting guidence from the IMF and World Bank on how Allaq is doing. The fact that he is still in place tells me he is doing his job, and moving reforms along as laid out in the various agreements. The last sentence...to a World Bank document...is clear when referring to the removal of Shabibi...i will paraphrase...no matter who is the CBI governor, the plan is moving forward. [reference Guru mike post 12-17-2016]
12-17-20216 Intel Guru Dr. Clarke Right now, it is a much higher probability that they will NOT come out right away, as International, but will move up the rate substantially. In our opinion, It will be a rate increase FIRST, then a few days later, the International status will take place. We think there is a higher probability of this happening BEFORE Dec. 25th, than After - that is, becoming INTERNATIONAL status and able to exchange outside the country before Dec. 25th...if you choose. IN ANY EVENT, IN ANY EVENT, IN ANY EVENT - WE VERY STRONGLY BELIEVE, that Iraq will have substantially increased the rate & value of the Dinar publicly & officially countrywide, AND Officially become INTERNATIONAL in status, ON OR BEFORE DECEMBER 31, 2016. [post 3 of 3]
12-17-20216 Intel Guru Dr. Clarke NOW, as of Right Now, in our view, we think this is how things are about Happen: Who cares about the 2017 Budget, as long as they at least substantially raise the rate and value of the Dinar, perhaps even without being International - YET? We believe they will make a new substantially increased & valued, Dinar Rate Official, sometime between TONIGHT (Sat. 17th) and TOMORROW night (Sun. 18th U.S. EST time, Monday Iraq time). We also believe that, it may be until this THURSDAY, Dec. 22nd, before they make, the Dinar officially INTERNATIONAL in status, and thus exchangeable outside the country...this Entire Week should accomplish ALL of this, in our view. [post 2 of 3....stay tuned]
12-17-20216 Intel Guru Dr. Clarke Over the past 3 weeks, we’ve very emphatically, and specifically, posted that between December 15-31, 2016, in our opinion, we will see Iraq publicly approve their 2017 Budget...and to also publicly, officially and substantially raise the Rate & Value of the Dinar by announcing it AND printing it - AND SOMETIME DURING THIS SAME 2 WEEK PERIOD 15th - 31st, publicly and officially making the Iraq Dinar INTERNATIONAL in status, being tradable and exchangeable OUTSIDE the Country of Iraq, worldwide. [post 1 of 3....stay tuned]
12-17-2016 Newshound Guru mike Article: "Parliamentary Finance: most of the banks in Iraq do not apply the principle of "know your customer" Here we are, the end of 2016 and we've read, literally, hundreds of articles about the auction process and how corrupt it is. ...This isn't a theory, this is the reality of Iraq. How do I know this? Because the reserves have dropped from roughly $80 billion to somewhere around $40 billion in three years. Why hasn't Abadi made a move on Keywords? What's stopping him? He's obviously and clearly failing at his job, banks still, after two years of passing the law, don't know who their customers are. The street rate is now over 10% from face value and the reserves are dwindling. What other conclusion can you come to than he's a part of the Shia process of holding Iraq back from moving forward and fully engaging the western financial markets and creating the environment for the open market economy. Abadi, as Prime Minister, is also turning a blind eye towards the banking and economic laws, we have very little progress on that so far and he's two years into his term. Without a doubt, Abadi is part of the problem, and that's not an opinion, there's plenty of proof to support that.
12-17-2016 Intel Guru ADMINBILL THIS IS WHAT I HAVE BEEN ADVISED: THIS WEEKEND IS VERY HOT FOR RV POTENTIAL...MY OPINION REMAINS THAT...THE ABOVE MAY BE ACCURATE BUT I WILL FOCUS THE 20TH AND THEN ON JANUARY... WHAT WOULD YOU THINK IF SOMEONE AT A POLITICAL FUNCTION HAD THE OPPORTUNITY TO SHAKE HANDS WITH POTUS AND ASKED HIM, WHEN IT WAS HER TURN, "WHEN WILL WE SEE THE RV?" TO WHICH HE REPLIED "YOU ARE A SMART LADY. SOON."? [...do you know the lady that asked?] SHE WAS AT A MEETING SPONSORED BY ONE OF OUR MEMBERS AND A FORMER HOST SO I DO NOT DOUBT THE VALIDITY OF THE STATEMENT.
12-17-2016 Newshound Guru 1bobby Article: "Member of the Finance Parliamentary: 2017 Moismh positive cause to activate the financial realities and the private sector" ACTIVATE ACTIVATE ACTIVATE the Private Sector! Once again that phrase dominates the publishing of the 2017 budget. How could we not be excited about this budget? Too many people out there saying "Big deal, just another budget" Seriously?
12-17-2016 Intel Guru RayRen98 Some expectation about the budget over the weekend...hearing Sunday the budget will be published in the Gazette. We were told, many, many months ago...the rate was in the budget...If new rate is in the budget or they are going to implement it Jan 1...we should be seeing it between now and Jan. 1.
12-17-2016 Newshound Guru 1bobby "There is nothing negative in this budget" With oil priced at $42 pbl, 2017 will be a cash cow for Iraq. Abadi stated in an interview "According to our own calculations, I think that the rise in oil prices, every one dollar for a barrel of oil will add one billion dollars to our budget. So, I think we will have more by cutting the production and increasing the price." Oil is their collateral for supporting the private sector and other non oil revenues for sure.
12-17-2016 Newshound Guru Adam Montana [Have you had the opportunity to read the first review of the three-year (2016-2019) Stand-by Arrangement by the IMF. Do we have to wait till 2019 for an increase of the dinar exchange rate?] Well, I certainly hope not! I don't see why they need that much time. Things have started moving faster over the last year. If the situation had not changed in the manner that it has, then maybe we'd be looking at another 3 years. But I do see things ramping up and moving faster, and it doesn't need to stretch out that long.
12-16-2016 Newshound Guru 1bobby Article: "Parliamentary Finance: the general budget and provided guarantees to rally public and clans and staff of Kurdistan and to support private sector" What a great article! Paragraph by paragraph shows us steps that will be taken to ensure a strong viable Iraq and a happy us. Notice how in almost every budget related article that transparency with the Kurds is prominent? The kicker to this one is that Iraq is tired of exiting monies, they now want monies entering Iraq via investment projects thru Global Banks. WOOT WOOT!! Again Baghdad will be in charge, but the Provinces will now have the go ahead with large investment opportunities which will lead to small businesses thriving.
12-16-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END.
12-16-2016 Intel Guru Delta Finally ...the ATM’s...unlike the old ATM’s ...the new ones will take the LD’s. If they don’t increase the value...give an incentive to the citizens...they won’t get the currency off of the street. The CBI will increase the value BEFORE they introduce the LD’s. We are really close. My humble opinion...we should see the rate moving BEFORE the end of the year because the CBI told us so. This plan was set a long time ago...before Shabibi...all part of the plan. The CBI’s intention...is to raise the IQD to its former glory ...they are talking about over $3...but they said that will take a little time... This is their goal, but they have to start somewhere. The rate has to move...sometime this year...based on what the CBI told us. All good news...all positive news! The CBI is really very quiet right now...and that is a good indication that they will do something. Watch for the next 24-48 hours...something is up... We are waiting to see something official. [post 3 of 3]
12-16-2016 Intel Guru Delta Next...the IMF...Looks like good news...they lifted the restrictions from the exchange rate. ...because they are not Article 8...they can’t go with a program rate. They need currency reform. They have no choice. Currency reform must take place in order for them to go international. Investors must be able to move money into dinars...and now by lifting the IMF restrictions, they will be able too. ...Alak says they are not going to float the currency. He is stating he is going to lift the restrictions from the exchange rate...free float is not really in their plans. [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Delta the Iraqi constitution does NOT allow Parliament to add any kind of articles to the budget – they can either refuse it, or sent it back to modify things they don’t like – they CANNOT ADD to it! ...there was a lot of discussions, arguments and basically every group in parliament wanted to add something...so they added 10-15 new articles. They approved the budget and they basically sent it to the President...he is supposed to sign it...and then it goes into the Gazette. But a lot in the government and the Kurds didn’t like it...but Abadi did something very smart. The government is not going to refuse it. They are going to wait until the budget is published in the Gazette...the added articles shouldn’t interfere with the budget...and the things they don’t like...they are going to the supreme court to fight ONLY THOSE ARTICLES. But if those articles are ok...and they won’t cost them more money...they’ll let it go and pass it. For Abadi...it’s a WIN-WIN situation. As soon as it’s in the Gazette...it’s basically law ...taking effect in January. [post 1 of 3....stay tuned]
12-16-2016 Newshound Guru MadDScout Article: "Parliament will vote on the federal budget for 2017" This is the after report on the vote in parliament. This is just a way different budget (IMO) than we have seen in budgets of the past. None of them had the kind of "Activate the private sector" talk that seems to be a part of this one. Especially if you know that, what we as investors are waiting on is the activation in full of all reforms. Many of these are in various states of completion. Some being done, some waiting on certain parameters to be met ( i.e. budget vote? Complete GOI? <<(IMO)) With the signing off agency being the IMF. So for those who feel this can drag on just remember, they are being directed and guided by IMF and for IMF to sign off, they need accomplish those things stipulated.
12-16-2016 Intel Guru Frank26 Will they finish the budget? HECK YES! ...Abadi is moving things on to resolve the budget so not to cause a delay. Anything can flip within a few hours. It’s going to happen! Abadi has made it clear. We will have a budget this year. I believe that budget needs a new rate. So...FLOAT or FIXED RATE? It’s a process of many steps...but we are past 1st base ...we are rounding 3rd base...heading into a home-run. Don’t be looking for an announcement or celebrations on the street. It’s a process NOT an event. It will be a process...the RI into a RV... [post 3 of 3]
12-16-2016 Intel Guru Frank26 I’ve said...GIVE ME MOSUL and you’ll see the MR [Monetary Reform]? Do you think they have Mosul? I wouldn’t say 100%...but do they have enough to proclaim that it’s basically liberated. ...it’s going very well. Syria and Iraq’s borders are secure. Mosul will bring security for the MR. Abadi is going to give you Mosul family...and the budget of 2017. The budget wasn’t passed...they added things that was unconstitutional... can’t go any further without the budget...The IMF review...part of it was HUGE for the MR ...it said that they lifted the restrictions of the exchange rate – but they have to wait for the budget. The HCL...which is in the BUDGET...is not done yet...and won’t be until the budget is done...they’ve been given a specific amount of time to get it done... [post 2 of 3....stay tuned]
12-16-2016 Intel Guru Frank26 ...we told you there was a time period...The 11th, 12, and the 13th...we felt there would be some meetings. The MEETINGS...very big...people from all over the world. Based on those who went there...(guesstimate)...it was a very good meeting. IMO – Abadi was at those meetings. The UST and the IMF and UN were definitely were there. They did a lot of work in these meetings about the MR of their currency. I do believe that they have decided on a RATE and a DATE...I believe that they have a TARGET. I do not talk to you about the 15th to the 31st...because it may not take that long ...IMO. I believe they are pushing for 2016. [post 1 of 3....stay tuned]
12-15-2016 Newshound Guru Adam Montana Here's the short and skinny. 1. Good news surrounding the HCL lately. Is it going to happen before the new year? I have no idea, but good HCL news is good HCL news! 2. More good news on the progress in Mosul. I still can't believe the MSM isn't making a bigger deal out of this, but they are what they are. Things are going well there, and that's what we need. Go Iraq! 3. The CBI seems to be talking more about the exchange rate lately, which is exactly what I expect before they finally make a big change. My suggestion is to not believe a word they are saying, but instead pay attention to the simple fact that they are discussing it.
12-15-2016 Newshound Guru wmawhite Giving value to the IQD will also give the Iraqi citizen "purchasing power AND reduce the demand for the USD." Are laws needed. Yes, but with out value to the IQD none of the private sector growth will ever occur. We have always thought, because we were told by certain self proclaimed experts, that it was investors first followed by economic growth followed by a rise in the IQD. Sorry! That is AXX Backwards. If the value in the IQD does not occur up front all of the above will not take place. The Iraqi citizens need purchasing power. Look at what Alak stated (above). [post 2 of 2]
12-15-2016 Newshound Guru wmawhite ...this is the ever evolving discussion about how best to control the value of the IQD "on the street". Currently, the auctions are used for that purpose. it has been a failure. Now, everybody has an opinion about how best to do it. However, the Governor of the CBI just last week told the world how it will be accomplished; "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." Reducing the demand is giving value to the IQD so that all of those goods being bought with the USD is now bought with the IQD. Giving value comes from the CBI in advance, prior, before, all of these foreign investors. Not after! [post 1 of 2....stay tuned]
12-15-2016 Newshound Guru Kaperoni ...there is an article ...that does not sit well. CBI News. The article to me seems to be implying the CBI should just introduce a whole new currency at a 1 to $1 exchange rate. Which would not benefit current dinar holders. Not what the IMF nor the CBI have stated was in the plan. Not to mention a new currency with a random exchange rate would fail. I see this article as just another attempt to avoid what they should be doing. Like so often, Iraq tries shortcuts. There are no shortcuts. The IMF has clearly stated the plan for the dinar, it does not include a new currency. New lower denominations yes, but not a new currency. The issuance of a new currency would be counter productive for Iraq, especially with a few trillion dinar already circulated around world.
12-15-2016 Intel Guru Frank26 IMO...The Potential for them to complete the MR in 2016 is Conceivable to ...Plausible. [...if I hold the 500 note...no Kurdish language on them...will they still be good? I know [Guru] Delta said the 500 note would be the largest note after the three zeros are gone.] Yes ...They said co-exist up to 10 years.
12-15-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS.
LET'S SEE IF IT IS FACTUAL OR ANOTHER "LINE IN THE SAND" THAT IS ONCE AGAIN IGNORED OR IS MORE NONSENSE. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END. Based upon the information and activities that has been coming in the past few weeks, that have elevated in recent days, I think that we may actually see action sooner rather than later.
12-15-2016 Newshound Guru firefly Quote: "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains two exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3..." Straight from the IMF. ...talking past tense! no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2... Wow, wow, wow!!! [awesome news.] Yes it is. I see no hold ups whatsoever to date.
12-15-2016 Newshound Guru firefly [...i still do see how we all think that jan 2017 may be a change in the value...] If the project to remove the zeros begins as planned in early January 2017 wouldn't it logically need a change in rate 1st?
12-14-2016 Newshound Guru My Ladies AND I JUST WANT TO POINT OUT WHAT THE SDR BASKET IS AS PER THE IMF...THE BASKET IS EVALUATED EVERY FIVE YEARS AND WILL NOT BE EVALUATED AGAIN UNTIL 2020. THERE ARE ONLY 5 CURRENCIES IN THE BASKET AND THEIR VALUE IS DETERMINED DAILY... IRAQ IS AN ORIGINAL MEMBER OF THE IMF SINCE DECEMBER OF 1945 AND THEY PAY A QUOTA TO THE IMF JUST LIKE OTHER MEMBERS DO WHICH ALLOWS THEM TO BORROW AGAINST THEIR ACCOUNTS BUT THEY WILL NOT BE GETTING ADDED TO THE SDR BASKET AND NEITHER WILL ANY OTHER EMERGING OR FRONTIER ECONOMIES THIS IS A VERY COMMON MISUNDERSTANDING. [post 2 of 2]
12-14-2016 Newshound Guru My Ladies WHEN TALKING ABOUT THE REQUIREMENTS THAT IRAQ HAS AGREED TO IN THEIR LETTER OF INTENT TO THE IMF TO OBTAIN THEIR SBA LOAN...I WANTED TO POINT OUT THAT THEY DO NOT NEED TO DROP THIS PEG IN ORDER TO COME TO THE INTERNATIONAL MARKET...CURRENTLY IRAQ IS UNDER A STABILIZED AGREEMENT WITH A DOLLAR PEG. THAT MEANS IT IS ACTUALLY A DE FACTO PEG AS DEFINED BY THE IMF...EVERY CURRENCY NEEDS TO EXCHANGE AGAINST SOMETHING...SO THIS IS WHY THEY ARE COMMITTING TO THE DOLLAR PEG.. [post 1 of 2....stay tuned]
12-14-2016 Intel/Newshound Guru Mnt Goat Quote: "Steps to strengthen the legal framework of the CBI, remove exchange restrictions and implement AML/CFT measures are welcome. They will help to improve the integration of the domestic financial system into the global economy." Yes, you read this correct. They did say “integration of the domestic financial system in the “global” economy”. We all know by now what this, in part, means... Remember... Recently... the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed... hopefully, 2017 finally going through. [post 2 of 2]
12-14-2016 Intel/Newshound Guru Mnt Goat "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "The Executive Board of the International Monetary Fund (IMF) today completed the first review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term." ...we still see proof that they need to move to an international market place. ...they will have to get off the peg if they move their currency international. Very important to remember that Iraq is still NOT in the SDR basket of currencies and are still pegged to the US dollar (for now…) ...my take [my opinion only]...is they MUST move their dinar international and allow it to circulate outside of Iraq if they are EVER going to grow the private sector in the way they keep telling us they want do. [post 1 of 2....stay tuned]
12-14-2016 Intel Guru ADMINBILL GOOD MORNING WXXXX AND SHIPS AT SEA BECAUSE IT APPEARS WE ARE PREPARING TO TIE UP TO THE PIER. I BELIEVE IT IS SAFE TO SAY THAT THE POLAR EXPRESS IS ABOUT READY TO PULL INTO THE STATION AND OKIE'S [GURU OKIE_OIL_MAN] PLANE HAS LANDED AND TAXING INTO THE TERMINAL. KEEP A SHARP EYE OUT FOR THE EXIT SIGN. [Wow, have we ever been this close?] NOT IF THE INFORMATION WE ARE HEARING IS ACCURATE. WE MAY ACTUALLY SEE A GREEN CHRISTMAS. I WILL SUBMIT THAT SOMETIME IN JANUARY IS STILL A POSSIBILITY BUT NO LONGER LIKELY.
12-14-2016 Intel Guru Bruce In terms of Iraq everything has been done in Iraq that needed to be done. They have the lower denominations put out and dispersed in ATM Bank machines, in banks and provinces. Have their rates been known Internationally yet? I don’t believe so. They talked about it, and lower denominations are in. That is all good. Their QI cards are charged up at a rate that is very good. I do believe things are in process. We are very close of the start of this blessing for us. We are in a situation we can go anytime. We are literally waiting for the release for everything to go. We will have an incredible Christmas and New Years. [post 2 of 2]
12-14-2016 Intel Guru Bruce Did anyone see the Operational United Nations site or check it today? The 13th is when the Operations rates suppose to be posted if there are any changes in them. The date it suppose to take effect is on the 15th. It is called the midmonth report. Today there was a note that there would be no mid month change of Operational rates. We had months were there was no change in the middle of the month, but not have a note say there will be a change on the 29th of December and effective 31 of December. They have never announced that as I just said. What does that tell us? The fact there is no middle of the month operational rate change tells me they want any rates we may see in the first basket currency be kept private. Kept quiet and not be out yet. [post 1 of 2....stay tuned]
12-13-2016 Newshound Guru Kaperoni Iraq: First Review of the Three-Year Stand-By Arrangement and Financing Assurances Review [Looks like from this article the IMF wants them to stay on the peg indefinitely until oil prices go up and ISIS is gone. They speak of Iraq being committed.] Until the conditions are created, I would expect so. That means until laws are passed and investors begin to come into Iraq we are at status quo.
12-13-2016 Intel Guru Frank26 ...on the 5th of December there was a meeting with the list of (agencies, etc) -- 3 letter agencies. All those agencies agreed on the 5th...IMO...to finish the budget and lift the rate of their currency. If the CBI was not so ready too...then the budget would not be so important. The budget is bringing them all together ...HISTORICAL! I believe they are shooting for that TARGET DATE...and it’s coming!
12-13-2016 Intel Guru RayRen98 [I need some clarification...and the general consensus is that this is Iraq’s call...is this Iraq’s party?] I’m sure it’s a collaborative effort between the US, Iraq, the UN and IMF and others. I think that a lot of us don’t understand that we are small fish in this deal; there are bigger fish to fry. Most of us have never been involved in something this big. There is much more going on here than the average person looks at or can understand if they are not involved in big decisions. The UN changes their rate sheet on the 1st and 15th of every month, so it might come out on the 15th because of that, or there might be other indicators that I don’t know.
12-13-2016 Newshound Guru Islandg1211 NOTHING, NOTHING, NOTHING...THEN SOMETHING! Recently...the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017...Three attempts that failed...hopefully, 2017 finally going through.
12-13-2016 Intel Guru Frank26 Why did Exxon pull out of Kurdistan? Look at the front page of the Wall Street Journal. Why would a mega company pull out of Kurdistan? They know we have SECURITY. Maybe it was because of the BUDGET...they are in the process of lifting the 3 zeros...which they want to do by 2017. I believe that TODAY...there was a meeting to continue that same thought. They did so good with everything else. They caught them...RED-HANDED... corruption will be dealt with! We don’t give a damn about a date! We know that the blessing is coming! [post 2 of 2]
12-13-2016 Intel Guru Frank26 As far as the budget goes...Abadi is challenging the budget...they made a big mistake...(they meaning the ministers)... they misappropriated funds from the budget...and some were arrested. It is unconstitutional to make changes to the budget. Abadi saw that...and stopped it. The COM did not approve the budget. This budget...according to Abadi...will not be good until the council passes it. IMO – (and my Team)...the budget is only 1 to 2% away from being complete. In the past...if the GOI found a way to cheat someone (not a part of their tribe) – they would rip them off...but NOT now...things are changing. [post 1 of 2....stay tuned]
12-13-2016 Intel Guru RayRen98 All I’m looking for is the date because that is the only thing I can take action on. I already know that it’s done... I care about rates and dates, nothing else. We already know this is real. Iraqis in the US are using their cards and telling me that the calculations on their card come out to $3.71 – that’s real to me. When people are in Iraq or have just left Iraq and they have seen the value has changed in this area of that – that information is real to me. It’s a done deal; it’s over. We just don’t know the release date. Everything else is beyond our control. We are waiting, but not for long. So I like hearing the bankers saying the 15th, or between Christmas and New Year.
12-13-2016 Newshound Guru Kaperoni Article: "Is Iraq heading to float the dinar against the dollar?!" Quote: "...and these expectations (float Iraqi dinar) does not have any credibility at all and can not be done during the current year (despite the economic benefits), and the reasons for not float the currency back to the nature of the local economy being a rentier which means that he relies on oil exports..." This guy is right, they can't float the dinar at this time. Until the laws are passed and the market economy is started, investors begin to come into Iraq.
12-12-2016 Intel Guru Jester HERE'S THE DEAL...IT APPEARS AS IF EVERYONE THINKS THAT SOMEONE IS TRYING TO "PUSH" THIS THROUGH AGAINST SOME FORM OR RESISTANCE...AND THAT IS NOT THE CASE...THEY HAVE A PLAN... IT IS ALL WORKED OUT... AND THEY ARE WORKING TOWARD THE END GAME...
12-12-2016 Intel Guru RayRen98 Did we think we would still be here today? Yes, there was a possibility, but we might not be in a few more days – at least that is the thought. Iraqi television is still saying the same things, worded a bit differently. When we get to the bottom line, where are we? Most are saying the 15th...Everybody is definitely saying before the first of the year. It’s a wait and see ride before the last stretch. We are at the end, and the roller coaster is coming in to a stop.
12-12-2016 Intel/Newshound Guru Mnt Goat Remember it may not start at the value you all want (i.e 1 dinar to 1 US dollar on exchange). A significant increase means many different things to many different people. But think of this- when the CBI does make a move shortly it will FINALLY be a move in the direction we want no matter what...the rate is. YES FINALLY! We know that the CBI governor has said “the Iraq dinar will rise to it pervious glory days”. So during these next couple weeks I FULLY expect yet more of the re-education campaign by the CBI to teach the citizens what is about to happen. They still have not gone through all the details yet to the public. This will be our queue that we are yet even closer. Let’s all watch for these signs. [post 2 of 2]
12-12-2016 Intel/Newshound Guru Mnt Goat There is nothing but good news today to report. This means NOTHING negative stopping or postponing the CBI efforts in going forward in EARLY next year with the “project to delete the zeros...we should feel confident that we will see some movement very soon in the Iraqi dinar value. We are told we can expect some significant change in the currency value in the coming near future as in EARLY 2017. [post 1 of 2....stay tuned]
12-12-2016 Intel/Newshound Guru Mnt Goat The liberation of Mosul is going according to plan...and Iraqi forces expect to have control of the city within the timeline set out by Prime Minister Haider al-Abadi, who has said he wants to see the city free of ISIS by the end of this year. Then we see yet more news from Ammar al – Hakim....he now heads up the National Alliance, of which the Dowa party if only a part of but the largest party. I believe he is keeping Maliki at bay. So this week he said that "national reconciliation project is a strategic plan chosen to bring Iraqis under one umbrella." I believe the timing of this article in not coincidental and it is because the completion of Mosul liberation is imminent and they told us they want to target the rollout of the national reconciliation project with this event. They have told us they plan to implement this project following the liberation of Mosul. ...all this news is almost unbelievable as we watch and wait each day. We are getting VERY close to EARLY 2017 and so hang in there more great things are coming…
12-12-2016 Newshound Guru BGG "Ministerial council looking reinforcement provided by NATO to support Iraq contracts" NATO support... [They have come a long way in terms of professionalism and quality of individual...] They want "International acceptance" and support - this is exactly how they get it. ...they are on the road to restoration. Let's hope sooner than later. All indicator seem to point to something being "up"...
12-11-2016 Intel/Newshound Guru Mnt Goat I want to note also that yesterday the Ministry of Labour and Social Affairs of Iraq announced the issuance of more than 75,000 smart cards. So the citizens are moving towards having bank accounts as this is mandatory now if they want to get paid anything from the government i.e. pensions, salaries, etc. Why is this so good for us and our investment? Because this will create the needed liquidity in the banks which is a part of the banking reforms required by the IMF. [post 2 of 2]
12-11-2016 Intel/Newshound Guru Mnt Goat Recently we have read many articles as we witnessed the ability of the ATM machine to finally coming online (not yet filled with currency), the ability of the banks to electronically communicate with each other (electronic banking), and the ability to have a CREDIT system tracking each citizens credit rating and the ability of banks to provide credit based loans. This was and still is all very good and heading in the right direction. If fact these banking reforms are all happening now so fast that if you blink you might miss them. [post 1 of 2....stay tuned]
12-11-2016 Newshound Guru firefly IMO Iraq has only one chance to get this right. Once they implement the reform there is no turning back. They need to come out with absolutely no mistakes. So is this a delay or ...
12-11-2016 Intel Guru ADMINBILL DO YOU HEAR WHAT I HEAR? DO YOU HEAR WHAT I HEAR? SAID THE NIGHT WIND TO THE SHEPHERD BOY...THE WHAT IF'S CONTINUE...WHAT IF I SAID ALL CURRENCIES ARE PLANNED TO ROLL OUT BEFORE THE 20TH? WHAT IF I SAID IT IS HIGHLY LIKELY YOU WILL INDEED HAVE A VERY MERRY CHRISTMAS?
12-11-2016 Newshound Guru wmawhite Read this carefully, it is from a recent statement from the CBI: "noting that " the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies. "He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years..." "the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years," Now hear this! Your "ancient coins (translation... currency/notes)" ...in other words...your 25,000 IQD notes will always be 25,000 IQD notes. Eventually...as the larger notes are withdrawn from the marketplace...smaller notes will be needed because the price of goods will decrease, and such notes as the 25 IQD will be commonplace.
12-11-2016 Intel/Newshound Guru Mnt Goat First I am still hearing that early 2017 is the time frame to launch the 50, 100 and 200 notes. Why is this so important? These notes are on the list of the “new” lower denominations and must have some value and we know in order to do this there must be some kind of substantial rate increase very close to the dollar. Otherwise why would they bother spending large sums to design, print and launch these new notes?
12-10-2016 Newshound Guru firefly [just hoping this time its really gonna happen.] It IS happening before our very eyes...NOBODY knows the Date ,,,, it will just happen one morning when you wake up... But...I beleve if the project to remove the zeros begins as planned in January, something else has to occur 1st...Removing the 3 zeros refers to removing the 3 zero notes off the street...So what will they be replaced with? [the lower demons which would make them raise the rate] BINGO!
12-10-2016 Newshound Guru wmawhite When the word project is used...it is referring to many pieces /action items that make up the project...if they state removing the three zeros then IMO it is referring to the lowering of the note count...which has been happening for some time, as well as...the need for the larger notes not being needed in the market place, i.e...
"removing the three zero notes from the currency"...that statement was just recently used be Alak...this, IMO...means the increase in value of the IQD which will lower the price of goods in the marketplace, thus...removing the need for the three zero notes.
12-10-2016 Newshound Guru firefly If there is a real event rate change it WILL show at the CBI 1st! IMO even a 1-1 makes no mathematical sense comparing it to the 2017 budget.
12-10-2016 Intel Guru ADMINBILL REPORTS REMAIN THE SAME. LOOKS GOOD THROUGH THE END OF THE MONTH WITH THE 15TH AS A TARGET. AFTER THE INAUGURATION IS STILL IN PLAY FOR ME AS WELL. IMO.
12-10-20216 Newshound Guru rcookie Article quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." READ THAT QUOTE FROM ALAK...AND ASK YOURSELF HOW DELUSIONAL YOU HAVE TO BE TO STATE AN ABSOLUTE VALIDATION TO THE FLOAT PLAN...WHEN IT CLEARLY STATES THE OPPOSITE...
12-9-2016 Intel Guru RayRen98 Last week I shared that I thought it would be the final Friday, but some things shared with us didn’t happen according to the plan. Half has materialized, and half is still to materialize. If it all happens according to plan, I do think this is the final Friday before the public release... everything is still the same, moving along. We are waiting for updates from Iraq. The Budget should no longer be an issue. There are still a few little points, but mostly it’s a done deal before 1. January. We are in that window of time that really makes this Christmas season different from the previous three, four, five years. The expectation is the same as last year but the parameters are different. With what we know to be factual, it’s a done deal – I just can’t tell you the exact day. I’m looking forward to bank activity next week, if everything goes forward as planned. [Can we talk about rates?] They are higher than what they were. The last rates I believe have been consistent, dinar = $3.71, dong = 47 cents...
12-9-2016 Newshound Guru mike I think the UST is there to cut off funding for terrorism and move Iraq into the 21st century in regards to banking. I also don't think they give a hoot about what Iraq does with their currency, as long as they're doing what the IMF is telling them to do, like stay pegged to the dollar, liberalize the foreign exchange and get control of the MCP... these guys aren't there for currency revaluation. No one can tell Iraq what to do, they are a sovereign nation and they make their own decisions. The UST, IMF and WB have been telling Iraq for years to fix the problems and they have ignored them, unless they wanted handouts, then things get done. We'll just patiently wait and see what happens...
12-9-2016 Newshound Guru rcookie BY MAKING THE DINAR WORTH .10 ...AH...NOPE...I DONT THINK SO...EVEN AT 1:1...IS THAT GOING TO BE ENOUGH TO PRY THE DINAR OUT OF THEIR COLD HANDS...AND GET IT INTO BANKS...BIGGER INCENTIVE...IMHO...AND THE OTHER THING THAT ARTICLE TELLS US IS HOW FAR ALONG THEY ARE IN THE REDUCE THE NOTE COUNT PROCESS...AND CORRELATION TO THEIR LIQUIDITY CRISIS...WHICH WOULD BE SEVERELY EXACERBATED AND PROMOTE HYPER-INFLATION BY SUDDENLY ENDING AUCTIONS...THEY NEED INCREASED PURCHASING POWER AT POINT OF SALE... [post 2 of 2]
12-9-2016 Newshound Guru FrostyTheSnowman Years ago, I remember reading an article that spelled-out Iraq's plans ... where they quote >>> ... "which will have three zeros removed to revalue them." ...IMO ... we're just about there!
12-9-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two." THAT ARTICLE WAS ONE OF THE MOST INFORMATIVE WE HAVE EVER SEEN... HE TALKS IN SPECIFICS ABOUT THE...POLITICIANS AND MEDIA STATEMENTS WAGGING THEIR FINGERS ABOUT AUCTION FAILURE AND STABILITY OF IQD...AND HE SAYS IT VERY SIMPLY...YOU ARE NOT GOING TO STABILZE THE IQD BY TURNING OFF THE AUCTION FAUCETS...THE ONLY TRUE WAY TO DELIVER IQD STABILITY IS TO REDUCE THE DEMAND FOR THE USD...AND IDENTIFIES "STRUCTURAL CORRECTION OF THE IRAQI ECONOMY"...AND HOW DO THEY INHERENTLY REDUCE THE DEMAND FOR THE US DOLLAR... [post 1 of 2....stay tuned]
12-9-2016 Newshound Guru Shredd I see possible evidence of a continued managed float (with continued auctions) before a market-driven (and no auctions) free float. This is why I say this: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." "Structural Correction" means a planned, controlled process. Additionally, if a free float and stopped auctions started now, it would "collapse" Iraq's financial situation. Bottom line, it's good to see this specifically being discussed. With the project to remove the zeros coming soon, let's watch what happens. [post 2 of 2]
12-9-2016 Newshound Guru Shredd Article: "The Governor of the Central Bank: no way to uninstall window selling the dollar, if the exchange rate became cancelled 3 or 4 thousand, maybe more/" As I read and reread through this, I look at the big picture which I always try to do. The scope of this is around the auctions. The cbi must keep them going to prevent collapse. They are the single most effective tool right now for the cbi to maintain stability in the currency. Future state, interest rates will become a primary tool. Now I know some people in the dinar world are going crazy because the word "float" is mentioned but... [post 1 of 2....stay tuned]
12-9-2016 Intel Guru Bruce We had information...that was indignant that this thing was absolutely supposed to have happened yesterday [Wednesday]. A lot did happened yesterday and more happened today. What happened yesterday was extremely big and meaningful. One thing that went on was the US became gold back officially. We had the gold treaty witnessed by the IMF, the World Bank, the World Court, and by the US Treasury. That gave us a gold back currency which was announced basically through the banks around the world by this morning. That was huge. I heard the UN suppose to have made an announcement this afternoon, but I have not uncovered the proof... This puts us in a new light. Each country is now asset back, gold back around the world. ...the Islamic gold agreement was passed so those countries in the Middle East could be gold backed. We understand they are as well. ...my understanding is everything is in place. There might be a few details here and there that are being cleaned up, but I really think we are in a place where we can have an outstanding next few days. ...I think we should have the best Christmas ever.
12-9-2016 Newshound Guru mike It's clear that Keywords knows that if they unpeg today, the dinar will crater, with no economy to support it, there's no demand. Now all Keywords (and the rest of us dinar holders) need is for Parliament to sharpen their pencils and get this legislation passed to create the needed economic activity to empower the dinar. From what I can tell, Iraq is going to follow the advice of the IMF and keep the dinar pegged to the dollar, keep the auctions going and push Parliament to enact the needed economic legislation. Once that's done they'll get the MCP straight and the system liberalized, and then slowly begin adding value to the dinar...Iraq has a lot of work to do and it's becoming more and more obvious that the dinar isn't severely undervalued... Heck, even today, the street rate is almost 10% less than face value. Once the legislation is passed and the IMF requirements are met and the dinar moves to Article VIII, then I'll get excited. Here's hoping the reserves will last that long.
12-8-2016 Intel Guru Frank26 ...ATM Machines! The CBI believes that this is how you get the citizens to open accounts BEFORE the end of the year! Freakin’ brilliant! ...the ATM machines … outside of Iraq … the fees will be much higher. This is the key … the ATM machines! To get the dinars out of the country … good grief … they just told us they were going INTERNATIONAL! ...one of the state bank managers said that the ATM machines were nice...but they couldn’t use them until they lifted the 3 zeros! The software in these ATM’s ONLY works with the Lower Denoms!! These ATM’s do not accept the 3 zero currencies!!! The ATM’s that came out of nowhere between...is a sign of being INTERNATIONAL!
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "WITHDRAW YOUR MONEY IN IRAQ FROM ATMS" Quotes: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country. " "Rafidain Bank, announced Tuesday, for the high number of its branches to 165 branches after the opening of a new branch in the province of Maysan, stressing his quest to expand his work locally and internationally." ...so here we go...Rafidain bank going full scale now on the implementation of the divider system. Basically rolling it out to all branches. This exactly what we expected and need!
12-8-2016 Newshound Guru Adam Montana [Any good news towards the hcl yet.] The HCA has been included in the budget for some time, and since they are making solid progress on the budget I consider that to be positive. No actual HCL yet, but it's coming. [At this time, just what are the main hold ups on the HCL?] The HCL is in a great spot right now, there's really nothing holding it back! It's just a matter of paperwork I think. That's going to take time, but I don't see it taking a long time anymore.
12-8-2016 Newshound Guru 1bobby [They passed the budget?] To my knowledge...yes. It's a good day to be in this investment... It's done...To include the 17% to the Kurds...23% Defense spending... They've published it... One of the articles voted on requires it to be published in the Gazette... I was surprised they did it... Now that doesn't mean that they can't or won't come back with minor adjustments as they move ahead...
12-8-2016 Intel Guru ADMINBILL THURSDAY IS HERE AND WE ARE STILL VERTICAL AND SUCKING IN AIR. THAT IS A GOOD THING! IT ALSO MEANS YOU ARE STILL IN LINE TO BECOME A LIVING DINAR EXCHANGER SOON. THE INFORMATION RECEIVED UP UNTIL LATE LAST NIGHT LEADS ME TO BELIEVE THAT THE PROCESS IS AS FOLLOWS: BANKING CONTACTS ARE TELLING CONTACTS THAT THE (DINAR, DONG, ETC.) PROCESS WILL BE DONE THIS MONTH WITH THE GOAL OF THE 15TH. ...RUMORS PERSIST THAT THE EXCHANGE MAY NOT HAPPEN UNTIL AFTER THE INAUGURATION.
12-8-2016 Newshound Guru Kaperoni ...we have confirmation that the CBI is, in fact, working to meet what the IMF stated in 2012 which said..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," Article quote: "but we are working to free the currency instead of controlling it." ...the very definition of a free float is "free the currency instead of controlling it." Allaq has made it clear they working towards such an event (which is great confirmation). We just don't know when. ...I believe they will have to get off the peg in the near future since they are in the process of launching the market economy. Time will tell.
12-8-2016 Intel Guru Frank26 Somebody called me...yesterday...they said...“are you sure that the IMF is demanding that Iraq raise the value of their currency, in order for them to get the 2nd loan?” I said “yes.” I believe they are about ready to get their loan...which means they are about ready to raise the value...IMO. Article quote: "The remaining funds will be disbursed contingent on certain performance criteria consistent with the program's objectives to reform Iraq's financial and economic policy." In order to get the 634 Million Dollar loan...the funds are CONTINGENT ...to the reform of Iraq’s financial policies. What are those? To raise the value of their currency. What else? They must remove the RESTRICTIONS of the CURRENCY EXCHANGE...The program rate is a restriction. Article quote: “… it will SIGNAL that the currency can be freely exchanged..." This is impressive!!! ...it is CONTINGENT...this loan... for the IMF...to see that the MR has to improve and there is so much evidence all over the place. This is amazing!
12-8-2016 Newshound Guru rcookie Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more" Quote: "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar." [This means they have to make their currency aceptable in the world's marketplace so there would be no need for the USD.] THAT IS EXACTLY RIGHT! ITS A PRETTY PAROCHIAL CONCEPT... ACHIEVE IQD STABILITY = REDUCE USD DEMAND IN MARKETPLACE...
12-8-2016 Newshound Guru mike ...they won't be able to RV at 1-$1, there's 60 trillion in M0 money supply. Even if they came out at a nickel there'd be $3 trillion dollars worth of dinar, which is roughly what the US has. There's no way a country with a GDP of roughly $170 billion can carry that much in circulation. They have to slowly raise the value of the dinar as the economy grows, there's no shortcuts.
12-8-2016 Newshound Guru Kaperoni More great news! CBI announces the launch of mobile banking. Welcome to the 21st century Iraq! Let me show a list of what occurred in last few days...mobile banking, electronic credit sharing, ATM's, Allaq talks floating the dinar. Not to mention the 2017 budget passed today. Is this Iraq? Lol.
12-8-2016 Intel/Newshound Guru Mnt Goat Article: "Deputy: the budget approved in full, the parliament added nine paragraphs to finalize the draft budget law" So the Kurds got the HCl provisions now passed in a legal law (the 2017 budget) so let’s see what this brings…By the way the passing of the budget in NOT tied to getting the RV once approved. There is no trigger to this event with the RV! However, they do need the budget to get the $$$ from the SDR loan installment by the end of 2016. They also need the launching of the currency reform going forward into the first quarter of 2017 to get anymore installment $$. This I know as a FACT! ...So let’s see what EARLY 2017 brings us...I also want to emphasize one more time – there is no RV unless the lower denominations are launched first in the “project to delete the zeros”. The CBI has told us multiple time this will not occur until EARLY 2017.
12-7-2016 Intel Guru RayRen98 Budget: PASSED...We were getting blow by blow reports. Item by item as each passed. Each one being approved and hassled over...Everybody in agreement what is in it. Goes into effect January 1, 2017. Expectation and anticipated it means a revalued currency...and promised, but it still remains to be seen. If I’m asked for a deadline date, I will still say Jan 1, 2017. Rate: May not be revealed until it goes into effect January 1. I’m at this resolution, “It’s Done!” When will we do an exchange? I’m still looking at this week...based on information. CBI Governor on TV said the rate will be global...That they do not want it to float...yet.
12-7-2016 Intel/Newshound Guru Mnt Goat Note that the CBI is ONLY telling us the mechanisms are in place ready to use the machines, but not yet. We know the other half of the story is not yet in place...that of the new lower denominations being put into the machines. Remember they do not want to disperse more of the 3 zero notes since they collected nearly 80% of them already out of circulation. This is why they moved to all this new technology and SMART card (debit card) processing. So they will not have to put them back into circulation. ...So this is very, very good news. Are they getting ready to load these ATMs now with the lower denoms? Hint...Hint...Hint! [post 2 of 2]
12-7-2016 Intel/Newshound Guru Mnt Goat Article: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Now they are telling us that the “divider” allows the holder of a credit card issued by a state bank and has the ability to allow special withdrawals of money from any automated teller machine (or ATM) and this is now widespread across the country. We knew almost 5 years ago that a contract went out to install ATMs throughout major cities in Iraq. These machines laid dormant and still remain empty as they are not designed for the large 3 zero notes and can not process them for cash withdrawals. [post 1 of 2....stay tuned]
12-7-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY WITH THE RV? I BELIEVE WE ARE RIGHT WHERE WE NEED TO BE. IT APPEARS IRAQ HAS FINALLY BEEN GIVEN A LIGHT GREEN LIGHT TO MOVE FORWARD WITH THE FINAL IMPLEMENTATION OF THEIR BUDGET AND LAWS AS A PRECURSOR TO THE SOLID GREEN LIGHT FOR THE IMPLEMENTATION OF THE RV. I BELIEVE THAT MAY STILL BE A WEEK OR TWO AWAY...IT APPEARS OBVIOUS THAT WE ARE BACK ON TRACK TO WHAT COULD BE AN INTERESTING NEW YEAR AND, HOPEFULLY, A WONDERFUL HOLIDAY SEASON.
12-7-2016 Newshound Guru Kaperoni Nice. Good to see parliament accomplish something. 2017 budget now passed.
12-7-2016 Intel Guru Delta Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if cancelled, the exchange rate has become 3 or 4000 and maybe more" Quote: "And about the prospects float Aldenarabraghi, similar to other countries in the region, he said: / This Alammergarmatarouh sealed the moment, we are working on Thariralamlh not floated, the difference Kparbin Monday " HE IS SAYING NO FLOAT...SET RATE.
12-7-2016 Newshound Guru Kaperoni Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4000 and maybe more" Quote: "...we are working to free floating currency..." ...direct from governor of CBI. Words in article...are absolutely validation on the plan... CBI Governor confirms float of the dinar. Though great news and vindication, he says they are not ready yet. I can wait. ...today's news is absolutely amazing and validation we wanted to hear.
12-7-2016 Newshound Guru Stryker Iraq's 2017 Budget Voted Into The History Books.
12-7-2016 Intel Guru Bruce I am excited. In terms of Intel guys, the Intel we have been putting out has been coming out from my sources only. Intel wise we are about as button up as we can be for this to go. We are waiting for us to be notified. Things are happening in Iraq and the Middle East making this thing happen. I think this week is still our week. The Islamic Gold Standard Agreement what was holding this RV up from what we understand. The Islamic Gold Standard Agreement was passed. That was huge. The law was changed so the currencies in the Middle East could be gold backed. Even though it is Tuesday we have a lot of week to go. I want everyone to stay ready for this at any moment. Let us see what happens.
12-7-2016 Newshound Gurus Kaperoni & Admin Bob Article: "Central Bank announces start the exchange of credit information system "electronically" Quote: "Iraqi Central Bank announced on Tuesday, to work with an electronic system for the exchange of credit information, explaining that "this system allows the government and private banks to the exchange of credit information among themselves and between the Central Bank of timely and reliable manner" Another very signifcant banking announcement came today. The Central Bank of Iraq announced the launch of the electronic system for the exchange of credit information. More good news for sure.
12-7-2016 Newshound/Intel Guru BGG ...there is SOOOOO much great financial / economic / legal news... lately...how can we NOT be really jazzed about where things are? The general consensus - we are in a VERY SHORT window... things are moving fast for Iraq right now...
12-6-2016 Newshound Guru Kaperoni The CBI is clearly doing it's part to kick start the market economy, loans, electronic banking, credit reporting, it's now up to parliament.
12-6-2016 Newshound Guru Enorrste Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Not to be a naysayer, but we all must also recognize that in order for anyone to use an ATM machine in Iraq they must first have a bank account. We may be putting the cart before the horse here. The problem is that people don't use the banks. Thus, they may not use the ATM machines. Of course foreigners could use them, and that satisfies a portion of the "international banking" that KAP [Guru Kaperoni] has referred to. But I won't get too excited until I see deposits into banks from locals rise. [reference Guru Kaperoni post 12-6-16]
12-6-2016 Newshound Guru rcookie and BGG SO UNTIL THAT BUDGET IS VOTED ON AND PASSED...WHAT DOES THE IMF & IRAQ HAVE TO MEET ABOUT... Article: "IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement" Quote: "December 5, 2016 IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program" Wooo POOOOWWW!!! [post 2 of 2]
12-6-2016 Newshound Guru rcookie THE IMF REVIEW IS A CHECK AGAINST IRAQS COMPLIANCE TO FISCAL REFORM COMMITMENTS...IRAQ MADE IN MAY (AHMAN,JORDAN) IN ORDER TO BE APPROVED FOR THE 1ST PART OF SBA FUNDS ACCESS...THE COMPLIANCE CHECK AGAINST FULLFILLMENT CAN ONLY COME FROM 1 SOURCE... [Passing the budget and passing laws?] THEY HAVE BY ALL REPORT ACCOUNTS MET THE REQUIRED REVENUE & EXPENDITURE MANDATES IN THE APPROVED DRAFT OF THE 2017 BUDGET LAW...BUT STILL REMAINS A REPORT UNTIL IT IS VOTED INTO LAW... [part 1 of 2....stay tuned]
12-6-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM " I do...believe this is a significant step forward for Iraq as this advancement will improve Iraq's banking system activating e-commerce, ATMs, electronic transactions, etc. As stated in several articles this is necessary to meet international standards. Which we know is a requirement for international banking and eventually Article VIII. All measures that will help the dinar appreciate when the time is right. All of this will have an effect on corruption. And show the global financial system Iraq is ready for international transactions.
12-5-2016 Intel/Newshound Guru Mnt Goat Many have requested from me updates on the VND and the ZIM currency revaluation. So here is my opinion... the Iraqi dinar revaluation is the ONLY currency we know of that has the most likelihood of any significant change in value in the near future that could make you a millionaire overnight.
12-5-2016 Intel Guru RayRen98 ...we are still waiting… on the IMF review, on the budget information, and we may not hear anything on either point until tomorrow. I don’t think anyone knows how long we are to wait on this. Everything still looks good. I am looking for this to happen this week.
12-5-2016 Newshound Guru BGG IMHO - the IMF wants them to start acting like a real country, pass budgets correctly and on time, pay their bills - kick out terrorists, don't pursue their political adversaries in a "police state" sort of way ...either way - IMF, UN, WB has had enough.
12-5-2016 Newshound Guru Kaperoni Article: "Finally .. withdraw your money in Iraq from ATM" Quote: "CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country." Good news. Project "chucked" or project "divide" whatever you want to call it has been talked about for several years. Finally, it is operational. ATM'S are now active in Iraq! Woo-hoo. This is a critical step towards bringing Iraq's banking system online and up to speed with the rest of the world. For those who say "Iraq never accomplishes anything," this is a milestone.
12-5-2016 Newshound Guru ADMINBILL IMO...THE NEWS COMING OUT OF IRAQ IS INCREDIBLY GOOD AND SHOWS ME THEY ARE ON THE BRINK OF COMPLETION BUT HAVE NOT BEEN GIVEN THE GREEN LIGHT TO OFFICIALLY APPROVE THEIR BUDGET AND OTHER ACTIONS. LET'S SEE WHAT HAPPENS TODAY AND TOMORROW.
12-5-2016 Intel/Newshound Guru American Contractor Iraq government officials would like to see the country increase the oil production before any serious work on the Iraqi currency is completed. The redenomination is the start of the successful macroeconomic stabilization and will not alter the value of the Iraqi dinar currency. Currently, the economy has not stabilized itself enough as prior to June 2014, when terrorists moved with speed in northern Iraq. The Financial Advisor to Iraq, Prime Minister, Mohammed Saleh has recently said that there is a legitimate concern for bankruptcy because of an increase in the government pensions since 2003... The Iraqi government applied for a loan from the IMF (International Monetary Fund) and the loan came with stipulations. For one, the IMF would like the Iraqi government to reduce the salaries paid to retired government employees. The IMF has not stated what the ramifications would be if the Government of Iraq did not comply with these terms. [post 3 of 3]
12-5-2016 Intel/Newshound Guru American Contractor The Iraq Central Bank (CBI) has decided to continue with the delete the zeros project or better known in the financial circles in Baghdad as the redenomination of the Iraqi dinar currency. The CBI has started printing the 50,000 (50k) Iraqi dinar currency banknote and will print the 100,000 (100k) Iraqi dinar currency banknote shortly thereafter. The printing of the 100k has not yet started, and talks continue on about printing a 200k banknote. You may also find it surprising that the low denominations currently in circulation will be removed from Iraq. That announcement is expected to come later in the year. [post 2 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru American Contractor Things in Iraq are going as well as can expected in light of the happenings there. All considering that the Iraqi government has been at war with the Islamic State of Iraq and the Levant (ISIL) since June 2014. Things appear to be looking up for Iraq as the Iraqi Security Forces (ISF) have surrounded the city of Mosul and are currently cutting off all escape routes for the ISIL terrorists. ...the private banking system continues to work at minimum modern day banking standards. The banking system is underdeveloped and is a cash based system the majority of the time. Very few banks issue bank credit cards, wire money, issue loans and/or make deposits. [post 1 of 3....stay tuned]
12-5-2016 Intel/Newshound Guru Mnt Goat There was a very good article that came out on another rate increase for the Iraqi dinar. This rate increase should not be confused with the project to delete the zeros. This article is talking about raising the rate in the “closed” Iraqi economy and has nothing to do with going international as of yet, which is what is going to get us the money we are looking for as investors. Again I will clarify – there has NOT been any RV in Iraq and the lower denominations are NOT out on the streets or being used by the banks. We do know the CBI has told us that in early 2017 in conjunction with the “project to delete the zeros” they intend to launch the 50, 100 and 200 dinar notes. This means at this time (as in 2017) they will have to do something with the rate or else these notes would be virtually worthless to the average citizen as they would be worth only 5 cents, 10 cents and 20 cents accordingly. This is really good news and so don’t lose sight of it. Can they change their minds and delay it? Sure but we have not heard any new news to tell us otherwise.
12-5-2016 Newshound Guru Stryker 2017 Budget Update for 12/5/2016: Parliament postponed the third reading of the 2017 Budget yesterday to today after reading and passing Article 50 but there are still some Article areas that are in need of work and they are working on those today. The Kurds are boycotting today's session along with a few other oil rich provinces but it will all be worked out in time.
12-5-2016 Intel Guru Dr. Clarke We've made it crystal clear, even from the beginning of this 2016 Year, that this was all going to be completed IN THIS YEAR OF 2016, in our opinion. We've also made it crystal clear in our most recent posts, about this month of DECEMBER, 2016...and in particular from the 15th-31st. Nothing has changed.
12-5-2016 Newshound Guru BGG Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" Isn't this a little like "Water is wet"...or "we've agreed to do everything we've already agreed to do..."... correctly this time...the fact of the matter is this... the IMF is looking over their shoulder - they HAVE TO GET THIS DONE...
12-5-2016 Newshound Guru MadDScout Article: "Iraqi parliament accepts proposal to pay Kurdish gov’t employees in return for oil" This is the Kurdish portion that has been approved not the vote on the Budget...That will be Monday at 1PM
12-4-2016 Intel Guru Dr. Clarke ...We can’t even BEGIN to speculate on where the Rates will begin or go. However, based on prior values, economic factors, country(s) histories, and current world market conditions - the rates will be “Better than Good”...in our Speculated Opinion(s). Be Very Optimistic.
12-4-2016 Intel Guru ADMINBILL I HAVE BEEN INFORMED WE WILL SEE THIS OVER THE NEXT 36 HOURS, AND IT WILL KEEP ROLLING FROM THERE...THE SOURCES ARE VERY, VERY GOOD. [...are you excited!?] VERY - 11 YEARS IS LONG ENOUGH! LET'S SEE WHAT THE NEXT 36 HOURS BRINGS. BUT REMEMBER 36 HOUR USUALLY MEANS 72.
12-4-2016 Intel Guru Dr. Clarke [As I understand the question...about where all the money was coming from to facilitate this Dinar exchange, Iraq doesn't need to have much, or any of the money.] ...each country, exchanges at their country rates, in their currencies, through their own treasuries...in our opinion.
12-4-2016 Newshound/Intel Guru BGG Article: "Urgent Jubouri declared the readiness of the budget and printed for a vote" they have been working on it....it will happen...they HAVE TO - IMF is likely pushing this. [sounds like they are voting on it now...as we speak.] That is what I gathered... however, we are a world away and this is Iraq... we should wait and see.
12-4-2016 Intel Guru Dr. Clarke [Are you still believing that the International public rv won't happen until after Dec 15th?] It’s going to happen ON or After the “15th”…DECEMBER 15 - 31, 2016...”OH WHAT FUN, IT IS TO RIDE, IN A ...” Your Bell, is about to be JINGLED...
12-3-2016 Intel Guru Dr. Clarke ...right now as we speak, the Dong rate on XE is 22,696 = $1...oh, and just so you know, right now as we’re looking at XE, the Iraq Dinar rate is 1,156 = $1...so it’s a little more valuable, and a little off the 1166 rate a tad, which means the value has moved up just a little...but the Dong value, has gone DOWN a little...that’s why we’re calling this recent move by VN to raise the Dong to the 22,700 range, a “Setup”...right before they SIGNIFICANTLY INCREASE IT’s value.
12-3-2016 Intel Guru ADMINBILL I AM LOOKING FOR THIS WEEKEND. IF THAT DOESN'T WORK OUT, I WILL KICK THE CAN DOWN THE ROAD ANOTHER WEEK. BUT MY MUST DO GITT'ER DONE DATE IS SHORTLY AFTER THE INAUGURATION. FOR THE MOST PART THE CONSENSUS FROM THOSE BEHIND THE SCENES AND THOSE IN THE FOREFRONT BELIEVE WE ARE AT THE END. IT REMAINS A PROCESS. AN EXCEPTIONALLY COMPLICATED AND PRECARIOUS ONE THAT HAS BEEN AND IS CAREFULLY MONITORED TO INSURE NOTHING, AND I MEAN NOTHING, WILL GO WRONG.
12-3-2016 Intel Guru RayRen98 We are seeing cars with ridiculous prices on sites in the Middle East, like an automobile for 149 dinar – even at $4 per dinar, that’s absurd. Others are being shown at 14,000 dinar, which at $4 rate would be $52,000, which is more reasonable. If the rate is $3, then it’s 39,000 dollars, which is more reasonable. Iraqi television is saying that ‘mosul is imminent”, which is better than Abadi saying “Mosul will be liberated by the end of the year”. People over there are saying the rates have changed in-country, ranging from 86 cents to $1.16. Basically, the dinar is at 1:1 parity with the dollar. We are looking forward to this closing out this weekend, ready for the IMF meeting on Monday, 5. December. If everything stays in accordance with the plan as I am hearing it, we will see a full public release this weekend...Everyone is waiting for the full Iraqi dinar. That’s the one I came on board for, and the other currencies should follow suit. [post 2 of 2]
12-3-2016 Intel Guru RayRen98 We can’t do anything about those holding the strings, but we can look to Iraq to see how close we are to the finish line, ready to step over. I think we have more sound information than in the past. We got all these bits of information, and they all boiled down to yesterday, with the new banking laws, the Budget, the IMF loan, and so on. Because we don’t have a public release right now, that doesn’t mean we won’t have one this evening or this weekend. A lot of things have been done to bring this public. I don’t see anything else that needs to be done... The Budget has supposedly been postponed until Saturday, but we know they are trying to get this done, and it really has to be done by Monday, when the IMF meets. The Budget is supposed to have the RV factored in. [post 1 of 2....stay tuned]
12-3-2016 Intel Guru Dr. Clarke [If Mosul is not finished in December, will that delay this longer due to “security” concerns?] As of “Right Now”, the TIMING of Mosul, is irrelevant, as to the increase and International status release of the Dinar. Nothing you hear or see about Mosul, will be an accurate description of what’s really going on there, especially from here on out - and that’s why you hear so many reports that conflict with each other. It’s supposed to. This is war. Forget about Mosul and the timing of the Dinar. We’re now past that stage of concern, and strategy. ISIS is already contained enough, and has been for a few weeks now, in order to increase the value substantially and make it International in status - OFFICIALLY - which means it’s FORMALLY ANNOUNCED & printed on the CBI WEBSITE. Until this happens, it’s ALL just hearsay, and means nothing - BECAUSE, you can’t go exchange it - YET.
12-3-2016 Newshound Guru Breitling Here’s the difference between Iraq and Turkey…the one thing you need to understand is that Turkey got rid of the three zeros on it’s notes. In other words their note count never changed. They never took any notes out of the market…why is Iraq taking physical notes out of their market? ...Turkey took three zeros off their currency, they didn’t take any physical notes out…they pretended they reduced the note count by taking the three zeros off the notes. We know Iraq is not doing the same thing. Why? Because they physically took notes out of circulation. They already retired the 50 dinar note. So they went from 9 billion notes to 6 billion notes. Did they take any zeros off in that process? No! They went from 6 billion to 4 billion. Did they pretend there were any zeros off their notes at any time? No! Did they retire any notes that they had out there? Yes…they retired the 50 dinar note. How people don’t see the difference..either they don’t or it’s just too much to handle. This isn’t for everybody…It can’t just be on hope and prayer cause you end up loosing. There has to be logic somewhere.
12-3-2016 Intel Guru Blondie Article from Iraq surfaced within the last number of hours quoting U.S. Secretary of Defense Carter Ashe as saying "he was confident that the days of a few Daesh in Mosul." Great news! Formal Mosul liberation appears to be close at hand!
12-3-2016 Newshound/Intel Guru BGG ...they are working with us, the IMF, the UN and the world...they need international acceptance. Iraq's currency situation is getting better and better - ISIS money being destroyed. AND - we've got the major players hunting "smuggled currency"... DAILY. My guess...there is likely 10-20% of the outstanding currency there was a couple of years ago... Economic and monetary reform is already on the way (started)... HANG ON!!
12-3-2016 Intel Guru Bluwolf We are close people. All the loops both on the political as well as in greedy established ones have been dealt with in its entirety. One last word, just have everything ready.
12-2-2016 Intel/Newshound Guru Mnt Goat What’s the latest news on the 2017 budget? We heard they were still supposed to conduct a final vote on the budget on Thursday, yesterday. Quotes: "The House Finance Committee has ruled, Thursday, to try to pass the financial budget for the year 2017 Law on Saturday, attributed the reason to the existence of fundamental differences." "it is difficult to pass a budget next Saturday." so the budget will probably not go for a final vote on Saturday either and will be delayed yet further. No new date has been given but I guess they will come out with some more news after Saturday’s meetings.
12-2-2016 Intel Guru Dr. Clarke [Your earlier post stated they were trying to get this done ASAP. Is it possible I know you said after 15th do you feel we could possibly have it before Christmas.] YES, we Believe that there is a very strong possibility that Public exchanges will take place, even the week of Xmas. Friends, Dec. 15 is a key date, and the few days that follow that...and if it doesn’t pop out then, it gets stronger and stronger, the closer we get to December 31...for MANY REASONS... [reference Dr. Clarke's posts 12-1-2016 and 12-2-2016]
12-2-2016 Intel/Newshound Guru Mnt Goat We can see so much progress in the direction of going international. Just recently the CBI itself made an announcement that the CBI bank will start applying the certified standards internationally aimed at cutting off funding for the organization (Daesh) and other terrorist organizations and to prevent money laundering. The governor also told us that this effort does effect the project to delete the zeros and that it could not be moved forward without this effort first. He also said the project will not be completed in December.
12-2-2016 Intel Guru Frank26 ...know this...When it happens it will be posted on the CBI website with no celebration in Iraq. It will simply be another day.
12-2-2016 Intel/Newshound Guru Backdoc WE ARE VERY ENCOURAGED BY A DECEMBER TO REMEMBER! SOON "THE RACE" WILL BEGIN AND WE MAY ALL FIND OUR SELVES WITH NEW CHOICES AS IRAQ TAKES THE INTERNATIONAL STAGE! REMEMBER, "ONE IS THE LONELIEST NUMBER"! IRAQ WILL CLIMB IN VALUE OVER THE NEXT SEVERAL MONTHS AS IT BECOMES THE STRONGEST CURRENCY IN THE WORLD! BLACK GOLD WILL BE A PLAYER FOR THEM BUT THEIR MINERAL WEALTH WILL BE THE GAME CHANGER! THEY HAVE THE LARGEST PHOSPHORUS RESERVES IN THE WORLD WHILE THE WORLD IS AT CRITICALLY LOW LEVELS! GOLD AND OTHER PRECIOUS METALS ARE RIDICULOUS. THEY HAVE HIDDEN THIS MOSTLY FROM THE MAINSTREAM BUT IT WILL EVENTUALLY ALL COME OUT! THERE ARE GREAT DAYS AHEAD AS IRAQ BEGINS TO DIVERSIFY ITS ECONOMY! ...IMO.
12-2-2016 Newshound Guru rcookie [I have heard that they have to RI or RV to get their loan...?] NO...IT IS ABSOLUTELY NOT TRUE...THE IMF LAID OUT EXACTLY WHAT IRAQ NEEDED TO DO TO QUALIFY FOR THEIR ACESS TO SBA...EXACTLY...JUST AS THEY DID FOR PREVIOUS SBA'S...SMP'S AND RFI'S....AND NOWHERE...NOWHERE HAS THERE EVER BEEN EVEN REMOTELY A SUGGESTION OF SUCH...EVER.
12-2-2016 Intel Guru ADMINBILL IT APPEARS THE TRAIN MAY BE ABOUT READY TO PULL INTO THE STATION. HAVE YOUR BOARDING PASSES READY FOR THE CONDUCTOR TO PUNCH, AND PRAY THE RAILS RUN STRAIGHT AND TRUE. THERE HAS BEEN SO MUCH POSITIVE IN THE WAY OF POSITIVE MOVEMENT IN THE LAST WEEK THAT EVEN SOME OF THE NAYSAYERS ARE OPTIMISTIC FOR DECEMBER (AND I DON'T MEAN LATE DECEMBER). TIME WILL TELL, OF COURSE...
12-2-2016 Intel Guru Dr. Clarke [Will the iqd exchange at face value times the international rate or will it exchange at face value minus 3 zeros times the international rate?] Face Value. The 000’s value, will remain on your currency at exchange time, regardless what Iraq does internally with theirs...In our opinion.
12-2-2016 Newshound Guru Shredd Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." Good to see the banking system coming of age. This is great to see and proof the CBI is moving forward with their plan to have a banking system that is on par with other advanced economies. They are moving fast and forward and will be key in this next phase of the project to remove the zeros." This is showing us that all the ducks are in a row with the exception of national stability. With the battle being won over Daesh the stability is very, very close. So close that on 11/29/16 Prime Minister Abadi said "The Prime Minister reiterated, Haider al-Abadi, he will complete the implementation of military plans in Mosul by the end of this year, expressing hope that the restoration of the city battle ends soon."
12-2-2016 Intel Guru Dr. Clarke [As this crazy world turns so does the reality this will likely go into 2017.] This is NOT going into 2017. NOT. You may decide to EXCHANGE in 2017, but that’s it.
12-2-2016 Newshound Guru tlm724 Saleh announced on 11/27/16 that there will be a new bank to finance trade and private sector thus creating a single window for the purchase of USD and eliminating the CBI having to deal with it. There will very strict guidelines as mentioned in the article above and that will eliminate the fraud and corruption of the auctions! Things are shifting in our favor. We have a great chance of seeing huge progress in the delete the zero's project in the coming months... It wouldn't surprise me to see the HCL and the agreement with Kurdistan finalized as well...good days are just ahead! We have the IMF holding one hand of the CBI and the US Treasury holding the other. Be kinda hard to mess up with that combo at your side! Appears all systems are go just gotta restore stability... [post 2 of 2]
12-2-2016 Newshound Guru tlm724 Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." I am so encouraged by this statement from the governor of the CBI for multiple reasons. On March 3rd, 2015 he gave the green light for the deletion of the zero's... And...within the budget of 2015 they stopped the auction of the US dollar albeit only temporarily, they jumped the gun on that one. This years budget is still being negotiated. [post 1 of 2....stay tuned]
12-2-2016 Newshound Guru Kaperoni I remember years ago we... discovered the true intent was to float the dinar... Now I think most agree a RV is not practical and a float is the most likely.
12-2-2016 Newshound Guru MadDScout Article: "Iraq seeks to modify and activate the strategic agreement with America." Quotes: "Iraqi foreign revealed the formation of an Iraqi Committee to review the strategic framework agreement with Washington, the last joint meeting demand on some major points." "Iraq is a breeding ground for all States of the world and not only the United States," reclining on the security position is no longer an excuse for inaction to enter the Iraqi market and rich ". On top of sizzling news, this to me looks like more indication of dotting i's and crossing t's, in terms of strategic preparation's we see going on in Iraq.
12-2-2016 Intel Guru Dr. Clarke [I really find this information difficult to believe. If there was a clear indication that the rate had increased in country that would be like telling everyone to be sure and load up on Dinar as we'll be going international soon?] You’d be Wrong. Everyone has had 15 years to load up on Dinar, so the world is full of skeptics, no matter how good it looked, because things have gone on so long...we’re telling you THE TIME IS UP, AND THE MOVE IS ON - NOW!
12-2-2016 Intel Guru Bruce Iraq still a factor in this? Yes. Has the announcement about the budget, the amendment of the HCL law and anything else come out? It came out. It was already pre recorded it wasn’t aired yesterday. It has been put off until Saturday morning. That news is coming out of Iraq may not get here Saturday. There is a tie in with the IMF that has to do with the loan they plan on making to Iraq and announce that on Monday, December 5. I tell you now all the lower denominations are out in Iraq with their currency in all of the providences. The dinar is showing in Iraq at 1 to 1 with the USD now. ...my thinking is most of the so called bank rates will be higher than we thought. We are not calling a date, but the weekend is looking very good at this time... We are not far from the finish line. It is right here.
12-1-2016 Intel Guru Dr.Clarke [What do you and yours think about how this goes down whenever that might be? Do you think the mainstream talking heads will mention any of it or just watch it come and go quietly?] YES, this will hit mainstream media BIG TIME... Reason it will be International big news, is that they want to RUN UP THE VALUE, ASAP ON FOREX and in all trading market platforms. Much MORE $$$$$$...dah?
12-1-2016 Intel Guru Blondie Recent articles are saying they're moving the voting on the 2017 budget to this Saturday in order to add some amendments of a "political nature." Let's hope they get it done!
12-1-2016 Intel Guru Dr. Clarke [...do you see the Dec 7th IMF meeting moved up to Dec 5th a good sign of them showing a rate?] Yes, the IMF meeting is big, but the date is not that important. What is important, is that they are formally meeting - not for anything NEW, but to finalize what is already done.
12-1-2016 Newshound Guru mike ...the banking stuff is probably one of the most important parts of the process. Over and over I read articles about how Iraqi's not only avoid the private banks, they openly complain about how they operate and treat their customers. I don't see any movement with the currency until the banks are up to speed and able to facilitate the banking transactions that are necessary to support an open market economy. In the end, I've read these article for over four years now, they always say they're "making progress" but the time "just isn't right" to slowly remove the zero's. The brightest ray of sunshine is the fact that they're not going to lop the zero's off...they're going to use a process to raise the value. All we need is for them to determine when "the time is right" to get the ball rolling. ...this is an opinion... [post 2 of 2]
12-1-2016 Newshound Guru mike Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" I'm willing to bet that there will be no lower denom's in early 2017, in fact, I would say it's practically impossible. Adding value to the dinar is a process; MCP, liberalizing exchange etc, that isn't happening overnight. Even in a perfect scenario, the IMF have told Iraq they need to control the MCP for a minimum of 90 days, then they can accept the responsiblity of Article VIII and begin the slow, laborious process of raising the value of the dinar. ...articles...are telling us that Iraq isn't ready...yet. I don't think we're seeing these article's from Keywords by chance either, this guy's under a lot of pressure for the loss of the reserves through the corrupted auction's, he's telling everyone, as loudly as he can, that there's nothing to see here, we're on track to a better place and prosperity. [post 1 of 2....stay tuned]
12-1-2016 Intel Guru Dr. Clarke [ANY THOUGHTS ON THE DONG? ...Do You think the Dong is ready now for a revalue.] The status of the Dong, is exactly the same, as it’s been for the past 2 months...waiting on the official ISIS statement of Safety & Security...ISIS, spans the globe, and has infiltrated financial arena’s...the DONG has nothing to do with Iraq’s Dinar Currency! It DOES, have EVERYTHING to do with ISIS - which is primarily IN the country of Iraq. So, the two are linked...IT'S READY RIGHT NOW, AND HAS BEEN FOR QUITE SOME TIME. Why do you think it Just went to an All-Time high value, agains the dollar last week? Can you say, "SETUP?"...yes, believe it.
12-1-2016 Intel Guru Blondie Starting in December, the head of the CBI has announced (in available articles, this is public information) that Iraq will implement specific international standards with respect to anti-money laundering (OFAC List, Know Your Customer, Source of Funds), the same techniques required by financial institutions here in the U.S. and other nations. This keeps money not only out of the hands of ISIS, but other money launderers and helps put an end to the corruption that has been so rampant in Iraq. Doing these things is certainly a major step in the right direction.
12-1-2016 Intel Guru Dr. Clarke ...mark our words with 100% Certainty, this month of DECEMBER 2016, WILL NOT PASS, WITHOUT IRAQ substantially raising the Rate & Value of their Dinar Currency AND Officially declaring it FULLY INTERNATIONAL in status, of which, ANYONE outside the country of Iraq, will be able to TRADE OR EXCHANGE it, for Legal Tender. ...this situation with Iraq having a currency, that is only usable, tradable and qualifiable, only in the country of Iraq, at a very nominal value - IS ENDING IN THIS MONTH OF DECEMBER 2016. WE COULD NOT BE ANY CLEARER, OR PRECISE THAN THIS...“EXCITEMENT” should be your key word every day for the entire month of DECEMBER...
12-1-2016 Intel Guru ADMINBILL THERE IS A VERY REAL CHANCE THAT THE CAN IS FAR TOO FULL OF CONCRETE TO KICK AROUND MUCH FURTHER. MY WINDOW CONTINUES TO BE FROM NOW UNTIL THE END OF JANUARY WITH MY BEST WINDOW UNTIL MID-DECEMBER.
11-30-2016 Newshound Guru Aggiedad77 Article quote: "The first agreement of its kind between the Federal Reserve Bank and the US Treasury on the one hand and the Central Bank of Iraq, on the other hand, entered into to control the dollar remittances and ensure the prevention of access to illicit destinations," noting that those "The agreement includes cooperation, coordination and exchange of information and financial data relating to the sale of foreign currency and circulation." Remember this article...the UST and FED RES working tightly with the CBI...oh how full of stars this is getting to be...
11-30-2016 Newshound Guru Kaperoni Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." ...the CBI is stating, were not ready to delete the zeros yet, but we are moving the banking system forward to engage with the global banking system. Does anyone see the importance of this? It is another clear sign that the CBI has no intention to LOP the dinar. If they did, they would certainly do it prior to bringing the world's financial system into play. Stating it as they do, IMO only confirms that they intent to raise the value of the dinar as we have stated for years.
11-30-2016 Intel/Newshound Guru tman23 "the Central Bank of Iraq has not set a date for the deletion of zeros from the currency dinar,” Did Shabibi not say...The deletion of the 3 zeros must be done at the start of the NEW YEAR...AND not in the middle of a quarter or the middle of the year...A timeline by a credible source! AND the current CBI governor said in recent articles...EARLY 2017... ...I'LL GO OUT ON A LIMB AND SAY WITH-IN THE FIRST 10 DAYS OF 2017... “the Bank Enter accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next.”...ERNEST AND YOUNG WERE TO FINISH UP MID NOVEMBER...AND SO AS SUSPECTED WE WOULD SEE THIS TYPE OF ANNOUNCEMENT AT LEAST 30 DAYS BEFORE THE "HAPPENING"! ...12/15 - 1/3...
11-30-2016 Intel Guru SteveI I talked to [Guru] Millionday and...she feels we are right on top of this finally happening by the first of the year.
11-30-2016 Newshound Guru Adam Montana We're heating up right now, not quite on fire, but the burner is on! I'm watching the news like a hawk, day and night, no time or need for sleep right now. REALLY excited to see how this continues!
11-30-2016 Intel Guru Frank26 I strongly believe that there is a change in the rate and I strongly believe that it will be reported very soon... IMO...PURCHASING POWER was given to the citizens IN-COUNTRY and is now 1 to 1 with the USD. IMO...their currency is worth one dollar...The American Dollar is PEGGED to the Iraqi Dinar. ...they took 1188 away from the AUCTIONS...to put in a TRANSITIONAL RATE...which has been well hidden. We want this TR (Transitional Rate) to go INTERNATIONAL...to the FOREX...and it will climb faster than a Saturn rocket. We’ve been waiting for “INTERNATIONAL!” The 5th...which is THIS COMING MONDAY...HELLO! This date...for the IMF ...the “target date” is to see if they have complied with the IMF requirements. I believe they are Article 8 compliant. It’s a one-way street. Abadi adjusted 2 things in the budget that the IMF demanded...it’s ready...
11-30-2016 Intel Guru Dr. Clarke It looks as though Iraq will substantially & publicly raise their Dinar rate of value, over the next few days, but the Official International status, will not be granted until December 15-31, 2016. This means, that official Public trading & exchanges outside Iraq, will not begin, until after December 15, 2016, through the end of the month...This change is due primarily to the question about Oil pricing, the value of the U.S. dollar, and the status/timing within Mosul. The push is to complete this FOR SURE, in the month of December 2016 asap, with a full International Rate & status established, as quickly as possible. As of "right now", Exchanges outside the country for everyone, will begin sometime from December 15th forward...In our Opinion...The rest of this week, into this weekend through the 5th, will be "Very Interesting"...It will soon be, a Very "Happy New Year".
11-30-2016 Intel Guru Bruce The information that has come out recently is very good as far as the proximity where we are...Information now is we are coming down to the wire. They have done an announcement in Iraq and recorded it. This announcement would include the 2017 budget for Iraq, the discussion about the amendments of the HCL Law, and there might be something about the International banking law. I think what we are looking for is also IMF to mention or an announcement...That announcement had to do with the loan of the IMF to shore up the credit in Iraq which is quite high. It will help to increase the amount of credit or credit score. That...should happen tomorrow morning [Wednesday] our time here. We haven’t heard new rates on Dong and Dinar but they were very high the last I heard. We are ready. Everything is ready. They do want this to go by Thursday. A very short window to come through if we are going to make that. I think we can look closely for the notifications to come in at any time.
11-29-2016 Newshound Guru rcookie JUST READ THIS HEADLINE... "Jubouri: Parliament ongoing legal legislation in which they can change the reality of this country" NUFF SAID...
11-29-2016 Intel Guru Frank26 The RV...and the MCP end at the same time! ...in Iraq... extremely soon...you will only be able to buy a hamburger in Iraq with IQD. It is not that the value of the American Dollar is going down...it is the AVAILABILITY of the USD that is going down. In the year 2016...which was an IMF requirement...They had to become a...one currency strong nation. This is what Iraq is about to tell you. The MCP (Multi currency Program) will stop this year in 2016...IMO. The IMF changed the meeting from the 7th to the 5th...they have a target date. In 2016? It really depends on Iraq. The ball is in their court. If they are going to meet on the 5th of December ...may I suggest that that rate be available BEFORE the 5th? In fact, the IMF made it very clear to them...if they don’t have a change in their rate...there is no point in meeting with them on the 7th! And now they changed it to the 5th! ...ahead of time?! [post 2 of 2]
11-29-2016 Intel Guru Frank26 There will be an economic explosion in Iraq in 2017...starting with the contracts...they are using rates that are NOT of the program rate. ...there are 3 contracts that we are following...that have completely different rates. Then all of the sudden...last Wednesday... they are now with NEW contracts. What are they? Infrastructure – they are bringing in companies... INTERNATIONAL companies...the commercial contracts and the infrastructure contracts were NOT based on a program rate...IMO...they were based on a “Transitional Rate”... ...how is that possible under their sanctions? ...IMO...they qualified to do this. ...look for these big companies to start pouring in...Look for DOW Chemical company. Look for AT&T. Look for textile companies...look for merchandise companies...look for especially communications. All infrastructure will explode in February 2017. [post 1 of 2....stay tuned]
11-29-2016 Newshound Guru Adam Montana [...bout time to hear some good news go go Rv?] I am not going to sugarcoat this, YES IT IS about time! We've waited a long time to get into a situation this positive! [reference Adam Montana post 11-28-2016]
11-29-2016 Newshound Guru rcookie Article: "Iraqi Kurdistan displays oil deliveries to Baghdad" Quote: "The President of Iraq's Kurdistan Regional Government, Nechirvan Barzani, was ready source of oil delivered to the federal government in Baghdad, against the payment of salaries of employees of the province, to welcome the Iraqi Oil Ministry this step, which is a breakthrough in the list between Baghdad and Erbil oil crisis." KURDS ARE TURNING OIL PRODUCTION OVER TO CENTRAL SO TO FACILITATE OIL AGREEMENT AND COMPLIANCE OF REGIONAL COMMITMENTS TO RECEIVE THEIR 17%...
11-29-2016 Intel Guru ADMINBILL ALL NEWS COMING IN IS POSITIVE. ACTIVITY AND REPORTS ARE POINTING TO THE FIRST PART OF DECEMBER. MY WINDOW REMAINS NOW THROUGH THE END OF JANUARY.
11-29-2016 Intel Guru Frank26 ...the Budget. Will the budget they are working on come out with a new rate? IMO...no. Can it come out with a new rate? Oh yeah. Is the budget ready? Yes...because Abadi told you so a few days ago. What did he say in the article? That it was being postponed... The new rate will NOT come out from the new budget...but from the CBI...when they are good and ready. All of this comes from a “play-book” or plan. The budget will be in dinars. That is a VERY IMPORTANT FACTOR... If they have the new rate in it...they are not going to tell you about it. IMO – the budget will not wait for the new rate...it moves on. When the new rate is out...EVERYTHING can be easily converted to the new rate that they are working on with the MR.
11-29-2016 Intel/Newshound Guru Mnt Goat Article: "Abadi adviser (Saleh) calls for the establishment of a new bank to finance trade and private sector" This is amazing news! It is WOW news. ...they are telling us the currency auctions {by the CBI} will end and be replaced by a separate bank that will handle international currencies. I quote from the article above – “to set up a new bank for trade finance” and “the trade must be regulated by the government, but without restriction”. ...So what other currencies would they be so worried about in dealing with foreign remittences. Why would they need a separate bank just for this effort if they did not expect to be conducting trade with many other countries and converting many currencies of these countries? ...The part about “without restriction” says it all. This means a free flow of monies during trade. Yes – this is needed if they are going to get out of their “closed” economy and open up an unrestricted trade with international countries. Folks this is just another tell-tell sign they are about to go international…WOW!
11-29-2016 Newshound Guru rcookie ...ALAK....SALEH AND FINANCE COMMITTEE MEMBERS HAVE OUTLINED 7 LAWS IN ADDITION TO THE INVESTMENT LAW AND OTHER ECONOMIC & FINANCIAL ACTS IN NEED OF AMENDING...
1. CENTRAL BANK LAW NO. 56 (2004)
2. FEDERAL BANKING LAW NO. 94 (2004)
3. COMPANIES LAW NO. 21 (1997)
4. IRAQI STOCK EXCHANGE LAW NO. 74 (2004)
5. FINANCIAL ADMINISTRATION ACT
6. INTEGRITY COMMISSION ACT
7. PFM LAW AMENDMENT & INCORPORATION TO 2017 BUDGET LAW
11-28-2016 Intel Guru RayRen98 The Budget was going to be approved on Saturday, and now it’s been pushed to 1. December...along with reconciliation and the final piece on the liberation of Mosul. Everything is being piled up to be done by the first to meet IMF requirements. Iraq is ready to roll, in fact they have already been rolling... [Do you know if the new rate is expected to be inside the 2017 budget being voted on this week?] Yes...that’s why it’s important. The Budget should either state the rate or have indications of the rate.
11-28-2016 Newshound Guru hutch LOTS OF GREAT RECONCILIATION THINGS HAPPENING... WE ARE IN A GREAT PLACE RIGHT NOW!
11-28-2016 Intel/Newshound Guru Backdoc Article: "Oil Industry Anticipates Day of Reckoning" WITH ALL THAT IS COMPLETED AND COMPLETING IN IRAQ AND VIETNAM, THE DOLLAR WILL NOW BEGIN TO MAKE ITS' ADJUSTMENT AND OIL WILL BEGIN ITS' RIDE HIGHER! THIS IS A HUGE EVENT... THESE COUNTRIES KNOW THAT ITS NOT JUST ABOUT OIL IS IT? NO! MANY COUNTRIES ARE READY FOR CURRENCY ADJUSTMENTS, AREN'T THEY? MY EYES WILL NOW WATCH FOR EVENTS ON THE 8TH THAT WILL BE STARTED!
11-28-2016 Newshound/Intel Guru BGG ...at this point - Maliki is likely a non-factor...In fact...a couple of days ago...Maliki was attacked by SHIAS during the "haj" to Karbala...In laymans terms - his own people attacked him as a criminal and a thief!! Very telling as to the mood of the people in Iraq. It would also appear there is "broad support" for this rooting out of corruption and cleaning things up...So - while Maliki has likely been an economic non-factor for a while now - he clearly once was... AND as recently as YESTERDAY the final issue may well have been settled...they are moving ahead economically and financially - monetary reform is about all kinds of other things. [post 2 of 2]
11-28-2016 Newshound/Intel Guru BGG While Maliki is of little importance to the current situation - as in economic reform... it is HUGE that he's been gradually minimized over the last year or two. Culminating in this "Law of Popular Crowds" being passed JUST YESTERDAY...this "Law of the Popular Crowds" ...IT IS VERY IMPORTANT...this law brings the Shia Militias more under the control and purview of Abadi and the Central GOI. The fact of the matter is this - without Maliki being gone - NONE of this economic, political and monetary policy reform would be possible...Once Abadi took over - he's had to chisel away at that "power base" a little at a time... [post 1 ofr 2....stay tuned]
11-28-2016 Intel/Newshound Guru Mnt Goat Todays’ news is very, very exciting. It tells us so much about the dynamics going on in the Iraqi govt and between the Kurdistan region. Also about all the drama going on with the 2017 budget and it is absolutely amazing! Last we knew they were supposed to take the final vote on Saturday 11/26. Did they? We see it did not come up for a final vote due to more needed changes or disagreements so it was stalled again. ...we see pressure from Abadi to try to stop the delay. We see the pressure as they are down to the wire on getting the budget done. ...for the very first time they have never been in such critical stage for their nation, economically and financially and much of the future progress hedges on the success of this budget.
11-28-2016 Intel Guru ADMINBILL CONTACTS REMAIN VERY OPTIMISTIC WITH SOME SAYING THIS WEEK. I AM STILL OF THE OPINION THAT OUR MOVING TARGET IS BETWEEN NOW AND THE END OF JANUARY.
11-28-2016 Newshound Guru Adam Montana ...we are HEATING UP! I'm not even going to go into great detail about the current situation, it's THAT easy to understand. 1. We have a good shot at a Budget this week. This is unprecedented, and will be the soonest Budget approval EVER. 2. Oil. 'Nuff said: "Kurds request Baghdad and Erbil to commit Oil agreement" 3. World Bank to loan 4 billion DINARS next month. That's NOTHING... without a change in the rate. Seriously not even worth the paperwork, much less a news story... WITHOUT A CHANGE IN THE RATE. Can you say "GO RV"? This is quite simply one of the best times I have ever seen for the IQD, and we are witnessing it happen right in front of our eyes! I'm pretty sure some of you are finally starting to wake up to the fact that we are getting close...
11-28-2016 Newshound/Intel Guru BGG Article: "Iraq receives four billion dinars as a loan from the World Bank next month" When I saw this one - my first thought was... 1) That is great... the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international "re-integration"... via IMF oversight and my second thought was...2) 4 million USD doesn't seem like much (or less) - unless of course... it's NOT REALLY 4 million? they quoted this number in Dinar (which they would - since it is in Arabic vernacular)...but that number may not be "exactly static"...Who knows what 4 Billion Dinar is worth then? 4 million doesn't do much in the way of "reconstruction"... That article says Dinar... another one says USD... My point...it's probably NOT 4 Billion Dinar at it's current value. That would only be 4 Million USD - that's about enough to "reconstruct" one really nice house...4 Billion - on the other hand... might be a start...
11-27-2016 Newshound/Intel Guru BGG "...Iraqi Council of Representatives included a vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 on Monday session agenda." Well - they have already pushed thru some crucial votes... no need to stop now. If they want to stay in good with the IMF they have some "housekeeping" to get handled - this business about passing budget bills late in the current year won't fly...I expect to see a 2017 budget passed before 2017 gets here...
11-27-2016 Intel Guru RayRen98 It has been reported that the popular vote was approved thereby uniting Iraq but the budget vote was postponed until Thursday, December 1, 2016. The distribution of the lower denoms are "expected" to be in all provinces by morning. The IMF review has been moved to Monday, December 5, 2016. Iraqi TV states the importance of the loan and that the fight in Mosul needs to be completed to plant the flag and commence the national reconciliation. So, it appears that the complete freeing of Mosul, the passing of the budget and the national reconciliation will all occur on Thursday, December 1 and the IMF review to conclude on Monday, December 5. Can the currency revalue see an international public release before then? Time Will Tell...smile.
11-27-2016 Newshound Guru rcookie Article quote: "...create an ideal investment environment is an economic center of development sought by Iraq and represents the legal side of the main attractions of advanced and specialized international companies that can be used to achieve the development goals which must include all sectors." THIS ARTICLE IS HUGE... OUTLINES THE APPLICATION OF THE INVESTMENT LAW NO 13...AND ADDRESSING OBSTACLES FROM FOREIGN INVESTORS PERSPECTIVE... SO...FURTHER INVESTMENT LAW AMENDING COMING SOON TO A PARLIAMENT SESSION NEAR YOU...ALONG WITH ALL OF THE OTHER ECONOMIC & FINANCIAL LAWS WE HAVE HAD LAID OUT FOR US THIS WEEK...WE KNOW EXACTLY WHAT WE ARE LOOKING FOR...
11-27-2016 Newshound/Intel Guru Arthur
FACT: HALF OF 2017 BUDGET VOTED ON...11/26/16.
(24 OUT OF THE 48 BUDGET ARTICLES)
FACT: THE OTHER HALF OF THE ARTICLES (25 THRU 48) SCHEDULED
FOR THURSDAY 12/1/16.
FACT: THE SIGNIFICANCE: NONE OF US HAS EVER SEEN A PASSED AND
IMPLEMENTED BUDGET IN IRAQ!
FACT: FINAL IMF SBA REVIEW SCHEDULED FOR DECEMBER 5TH
(MUST HAVE LOAN TO COVER DEFICIT, AND MUST INCLUDE HCL)
FACT: 35 DAYS UNTIL THE BEGINNING OF "EARLY 2017" (DELETION OF
ZEROS PER CBI).
11-27-2016 Intel Guru Frank26 In the last few hours so much has occurred ...the dynamics of what we STUDY is of great velocity. Let's say that the movement ... The progress of the process ... Is adjusting ... Conforming ... To their Targets. ...at this moment...there has been a Change to the Dec 7th IMF Meeting ... To the 5th. This is GIGANTIC ...
11-26-2016 Intel Guru Frank26 ...there is a law or two that need to be passed before the budget is released or simultaneously with the budget. It is also important to remember that the budget has nothing to do with the monetary reform for it too is in a long line waiting for the new rate. IMO... All is extremely well!
11-26-2016 Newshound Guru hutch Article: "Parliamentary Finance: Adoption of the General Budget Law for the year 2016 will be the end of this week" ...and then the 2017 for Monday. Quote: "The House of Representatives has finished its session on the ninth of November this second reading of the draft federal budget for the 2017 law, and directed the presidency of parliament parliamentary Finance Committee Bandaj the bill for a vote, in the coming sessions."
11-26-2016 Newshound Guru rcookie ...EXPLAIN TO ME HOW THE REQUISITE FOREIGN INVESTMENT NECESSARY TO SUPPORT AND DRIVE THE CURRENCY REFORM WE ARE WAITING FOR COULD REMOTELY HAVE BEEN POSSIBLE WITHOUT ADDRESSMENT ALONG WITH THE OTHER CRITICAL BANKING...ECONOMIC & FINANCIAL LAWS THAT HAVE BEEN ADDRESSED IN LAST YEAR...SIMPLE ANSWER...THEY COULD NOT...EVER...EVER...NEVER...
11-26-2016 Newshound Guru Adam Montana [Do you think they are waiting until Mosul is clear of ISIS and making sure Mosul banks are secured and accounted for before CBI makes RV announcement?] NO, but the Mosul operation is a big deal and they are doing awesome!
11-26-2016 Newshound Guru rcookie HERE IS THE BIGGIE...FLYING UNDER THE RADAR FOR TOMORROW [SATURDAY] ... COMMERCIAL AGENCY LAW...PLEASE READ AND UNDERSTAND HE SIGNIFICANCE RELATIVE TO DFI (DIRECT FOREIGN INVESTMENT)... Quote: "THIS LEGISLATION AIMES TO REGULATE THE WORK OF COMMERCIAL AGENCY EXERCISED IN IRAQ BY AN AGENT FOR THE BENEFIT OF A NATURAL OR LEGAL PERSON FROM ABROAD; AND REGULATE THE TRANSACTIONS OF THE DEPARTMENTS OF THE STATE, THE SOCIAL, MIXED AND PRIVATE SECTORS AND THE UNIONS WITH NATURAL AND LEGAL, ARAB AND FOREIGN PERSONS IN SUCH A WAY AS TO ACHIEVE DEVELOPMENT TARGETS, PREVENT EXPLOITATION, AND SECURE THE INTEREST OF THE NATIONAL ECONOMY..." THINK THIS MIGHT BE A TAD BIT IMPORTANT TOWARD DFI AND ACQUISITION OF DFI AND...ALONG WITH THE OTHER LAWS REVEALED YESTERDAY AS THE KEYS TO DELIVERING WHAT WE ARE ALL LOOKING FOR...
11-26-2016 Newshound Guru Adam Montana [Can you clarify the difference between the "oil agreement" and HCL?] HCL vs "oil agreement" is exactly what is going on... I'll get to the point real fast. They are using this term as a buffer while they are fiddling around. They will crank it up when they are ready, and it's not going to happen when we are most comfortably ready.
11-25-2016 Newshound Guru rcookie VOTING ON 2017 BUDGET LAW....AND AMNESTY LAW AMENDMENT...TOMORROW PARL SESSION...
11-25-2016 Intel/Newshound Guru Mnt Goat We know that no matter what notes they initially launch it will mean some kind of substantial increase in the value of the dinar...they told us it will be a “slow” rollout and may take some time. Only the CBI knows the plan and at what level of value the rate would have to be to continue with the launching and circulation of the next set of notes. I would guess it too is variable depending on the initial market reactions once they begin this next step in the process in early 2017. For the timing- I assure you it will not be years or even months before we see a significant rate of over $3.00 for the dinar once it hits the international markets and hedge funds. Again this is just my opinion and I am not giving any investment advise. [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat The CBI announced this week to the Iraqi citizens the introduction of the 500 IQD notes...this information is...HUGE, HUGE, HUGE. ...this note is on the list of the notes they must launch prior to any RV. They are still virtually worthless. Not until they are physically launched in early 2017 for their use at a higher dinar rate will they become practical to use. For now this is just an education process to get ready for that timeframe that is getting very close at hand. Remember they launched the 250 last summer and they had to fix the 50 with new security features so we can expect them too to come out soon. [post 1 of 2....stay tuned]
11-25-2016 Intel Guru Frank26 BTW...THREE ZERO TALK is a Momentum...A Cause in Iraq. Why SO MANY THREE ZERO ARTICLES TALKING about LIFTING THE THREE ZEROS in 2016? Because in 2017... LD's are coming.
11-25-2016 Intel/Newshound Guru tman23 Iraq is plagued by socioeconomic development and proof is provided everyday...with news articles... The country offered bonds in US dollars and Euro, this was an attempt provide confidence to countries that a currency depreciation in IQD would not impact negatively on the yields of the bonds they purchased...on the other hand, local emerging market bonds were purchased by Iraq citizens in local currency (dinar)... The bonds along with the past year release of the 50k note and the latest 500 dinar note creates quite the conundrum...And with all this wealth of information gathered daily over the years on the Iraq dinar speculation...The 'Iraqi Dinar conundrum" remains the same as it did 10 years ago... How will Iraq treat the 3 zero notes upon exchange? Answer coming very soon...
11-25-2016 Newshound Guru rcookie [Iraq has gone from an average inflation rate of 12.9% down to 0.20% over the last 11 years.] YEP... AND DEBUNKS ANY ASSERTIONS...STATING IRAN & IRAQ WALKING DOWN AISLE OF ECONOMIC MATRIMONY TOGETHER...IRAN INFLATION ALMOST 8%.
11-25-2016 Intel/Newshound Guru Mnt Goat My contact would not give me a firm date but said that without Dr Shabibi having full access to the mechanisms to launch the process of the initial rate increase, the CBI could not make the needed process work. The FACT is we now know for sure that Dr Shabibi is not at the helm in the CBI...But there is one exception timeframe built into the process. This timeframe is the first week in January. In other words, with the correct security credentials, a knowledge of the process and with minimal training someone, besides Dr Shabibi, can actually manipulate the systems needed to move the currency forward. To me this tells us that we can expect them to do something significant sometime within the very first week of January 2017. Of course this is still just my guess. But a very good guess based on other factual data... [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat ...from the fall of 2015 (when they told us they were officially postponing the project to delete the zeros until early 2017) that there were only 2 articles telling us to wait until early 2017...information once again reminding us that it was coming, but not yet. Then in November 2016 alone an explosion of articles as we have seen nine (9) articles so far in this month alone out of over a year of waiting. Something is going on here. So I recently jumped on the phone and talked to my CBI contact. What was I told? I was told that YES they are now going forward with the project to delete the zeros. So this also confirms what I heard about Iraqi TV and news media stations broadcasting this news last week. [post 1 of 2....stay tuned]
11-25-2016 Newshound Guru Adam Montana [...which will come first ; . the introduction of the lower denoms or a new rate for the dinar?] I think they come at the same time, OR the lower denoms come slightly sooner.
11-24-2016 Intel Guru ADMINBILL More info coming in yesterday to suggest that we are closer to our goal. Activity may begin tomorrow. News out of Iraq continues to be good. Look for good things to happen. We have a window that stretches through January IMO.
11-24-2016 Newshound Guru Adam Montana ...the HCL hasn't been completed...that's really the only thing we're waiting on, and OIL news has been ramping up... this is a good thing! We are certainly getting close...
11-24-2016 Newshound Guru rcookie [Iraq seems to be taken a leading roll in banking reform throughout the region.] YES THEY ARE...AND GIVEN THEIR LONGSTANDING REPUTATION AND PAST TRACK RECORD...WOULD NOT BE AFFORDED THIS OPPORTUNITY FROM WORLD AGENCIES UNLESS THEY WERE CONVINCED & CONFIDENT OF IRAQS COMMITMENT AND FOCUS TO BE THE REGIONAL LEADERS...
11-24-2016 Intel/Newshound Guru Mnt Goat ...as we get closer and closer to the “early 2017” date we see more and more information coming out of the press on the progress that they are making. The CBI even told us last week that they are now proceeding once again with the “project to delete the zeros”...this is exactly the news we must hear and await to hear. Now we have it….WOW! ...I know for a FACT that within Iraq, the news channels talked about the CBI declaring that they have begun the “project to delete the zeros” once again. I was told this too by my CBI contact over a year ago that this “project to delete the zeros” and its process and progress is what we should be concentrating on mostly. ...Iraq also needs to get the banking and financial reforms in place to support the project. So now we see them doing it and it is right on time...Is it time to get excited? Yes, Yes and YES!
11-23-2016 Intel Guru RayRen98 [Are you aware of any specific item or issue that must be completed before the RV will occur?] No. The Budget has come up in conversation; it should be finalized on Saturday...As for lower denominations, we are getting information that they are in some of the provinces. There is some kind of distribution going on, in some hands/places. We have heard that from various sources this week. We believe that window has been opened. I don’t know to what degree those lower denominations are out, but they should have taken their complete course by Monday. That fact it has started says it all for me. If the lower denominations have run their course by Monday, they will have to show a revalued rate by then, if not sooner.
11-23-2016 Intel/Newshound Guru Backdoc TODAY IRAQ ANNOUNCED THAT THEY WILL PARTICIPATE IN OPECS OIL CUTS TO RAISE PRICES ENSURING THE NOVEMBER 30TH OPEC DEAL A SUCCESS! THIS WILL NOW BECOME THE TRIGGER FOR HIGHER BLACK GOLD PRICES! WITH WHAT IS HAPPENING OVER THIS WEEKEND IN GOVTS. WE SHOULD SEE A LAUNCH IN COUNTRY AVAILABILITY ON CARDS IMO IN INDIA AS WELL AS IRAQ VERY SOON. MAYBE THEY WILL RELEASE LOWER DENOMS TOO BUT THAT COULD BE A QUESTION? THERE IS NOW A 100% CERTAINTY THAT THE FED WILL RAISE RATES IN DECEMBER. THAT ACTION IS GOING TO TRIGGER THE PROCESS LEADING TO WHAT WE ALL WAIT FOR.
11-23-2016 Newshound Guru rcookie ...WE HAVE A REPORT FROM YET ANOTHER BANKING FORUM...THIS ONE FROM BEIRUT...ATTENDED BY ALAK...TARIQ & SEC GEN UNION ARAB BANKS...INT'L FINANCIAL EXPERTS LIKE SHAMMARI & ECONOMISTS LIKE AL NASIRI...ASSEMBLED TO CONNECT & COOPERATE WITH THE REGIONAL & INTERNATIONAL BANKING & FINANCIAL ENVIRONMENT... WORKING TO REVIEW AND ASSESS THE REASONS FOR WEAKNESS OF CONFIDENCE IN IRAQI BANKS...NASIRI ONCE AGAIN IDENTIFIES WITH DETAIL THE CRITICAL FINANCIAL & BANKING LAWS IN NEED OF ADDRESSMENT & AMENDING WE SHOULD BE LOOKING FOR OUT OF PARLIAMENT...TOWARD THE END OF ACHIEVING REALITY BANKING IN IRAQ...THIS IS BIG...AND HAS SOME INSIGHTFUL LEGISLATIVE ACTIONS WE ARE LOOKING FOR.
11-23-2016 Intel Guru Frank26 Article quote: "Economics and politics experts and parliamentarians acknowledged the existence of confusion in the concepts and terminology, calling on monetary policy in Iraq led to achaotic opinion about these concepts." NO CONFUSION!...CBI is doing the MR [Monetary Reform]...They are Educating the Citizens. Anything else is a False denial.
11-23-2016 Newshound Guru mike Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" ...let's hope that Iraq will actually make the move this time. When they liberate the exchange and get the MCP within 2%, we'll know we're close...
11-23-2016 Intel Guru Bruce We heard last night [Monday]...in Iraq an announcement was made. This announcement was the announcement that took Iraq back to an International status in which their currency being revalued and now they are essentially sovereign. We know the announcement was made at 1am EST last night [Monday]. This announcement was not made here. We don’t have it here yet. Hopefully we will get it tonight [Tuesday] or tomorrow [Wednesday]. We may need to hear that announcement to hear it here for it to start for us. Also...their Qui cards can be used to purchase lower denominations as we can use the ATMs to get cash out... we got confirmation of that. Over all we should plan on having a great Thanksgiving. It maybe the best Thanksgiving we ever had. So things are moving in the direction for that to occur.
11-22-2016 Intel Guru ADMINBILL THE PAST 2-3 DAYS HAVE PROVIDED A SIGNIFICANT AMOUNT OF INFORMATION THAT LEADS ME TO BELIEVE THAT WE ARE GETTING CLOSER TO OUR GOAL. THERE ARE INTERESTING ARTICLES AND NEWS STORIES THAT ARE BEGINNING TO MAKE THE NATIONAL AND INTERNATIONAL NEWS OUTLETS THAT RELATE TO THE IMPROVING SITUATION IN IRAQ. RUMORS ABOUND THAT TELL WE ARE VERY NEAR THE END. WHERE THERE IS SMOKE THERE IS FIRE.
11-22-2016 Newshound Guru Kaperoni Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" I like this...It was scheduled to be the project to delete the three zeroes in 2011 and did not perform. And then postponed to 2013...then postponed to 2015...and now the decisions implemented early 2017 plan.
11-22-2016 Intel Guru RayRen98 The new 500 dinar note with the Kurdish language on it is in circulation. Are the 1’s, 5’s, 10’s and 20’s next, and if so, how soon? We patiently wait, “if” it is necessary at all? Time Will Tell.
11-22-2016 Newshound Guru EHankins ...WATCHING THE INFRASTRUCTURE EXPLODING AND THE CLEARING OF MOSUL AND COMMODITIES HAPPENINGS IN IRAQ IS THE EVIDENCE OF BIG, BOOKOO BUCKS $$$$ FLYING AROUND IN IRAQ WAS EVIDENCE OF THE FAT LADIES INABILITY TO HIDE ALL THE MR [MONETARY REFORM] TAKING PLACE. ...I CAN'T WAIT FOR THE TIMING AND STUDY BETWEEN NOVEMBER 25TH THROUGH DECEMBER 7TH. IRAQ IS ABOUT TO BE GIVEN BIRTH AS A NEW CREATION AND FULFILL IT'S INTENDED PURPOSE...THIS IS ABSOLUTELY SPECTACULAR.
11-22-2016 Newshound Guru Breitling they are talking about setting up for the ISX going on Nasdaq coming up here pretty quick. They didn’t give an exact date but these guys are moving things….We know they are going to be on Nasdaq here pretty soon because of the way everything is being set up. If you walk up to somebody’s computer and there’s nothing on that computer, no operating system but you’ve got a Window 10 manual sitting there and you’ve got the software with the Window 10 software CD still in the package not opened yet that gives you a clue on what they are going to load on that computer right? That’s basically what’s happening. They have the Iraq Stock Exchange sitting there and they have this package with the software to load up the Nasdaq. They have the manual for Nasdaq sitting there. And it’s very exciting.
11-22-2016 Newshound Guru mike Article: "Iraq new 500-dinar note (B357) confirmed" Good stuff, so, from all appearance's, they not only need this note now, they're going to need it in the foreseeable future. As the value slowly rises the note will go from a value of .50 to a buck and hopefully all the way to $500 when the value reaches 1-1. During that time, the newer notes like the 1, 5, 10, 20 and 100 will come out. I'm looking forward to Iraq starting the process in 2017 so that in time, they can get to the lower denominated notes.
11-22-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note (B357) confirmed" Not new, just updated with Kurdish language and two dots. Btw, this to me is another good sign that the plan is what we all believe. They are necessary now. Their worth is .50 cents. The fact that they spend money on upgrading them to me implies they expect them to continue to be used for a while. Which is exactly what we want.
11-21-2016 Newshound Guru wmawhite [Iraq new 500-dinar note (B357) confirmed...] Hmmmm...why invest the million of $ into a new note with new security features and the inclusion of the Kurdish language when that note is currently valued at approximately $0.50. Not a lot of need for it in the current marketplace. 500 IQD (note) X $0.00086 = $0.43 (43 cents)
11-21-2016 Intel Guru Delta "New 500-Dinar note-confirmed" ...with Kurdish text on back.
11-21-2016 Newshound Guru Breitling ...The two year process starts when they start adding value to the currency. What leads up to that 2 year process is them reducing the note count. There was speculation they were supposed to revalue in 2011…maybe…but they didn’t have the note count reduced so they weren’t in a position to pull the trigger. They were going to do it in 2013…maybe…but they didn’t reduce the note count so they weren’t in a position to pull the trigger. 2015? That’s a different ball game. 2016? Where we’re at right now…that’s a different ball game. They can pull the trigger. And now they are talking about the beginning of 2017…guess what...they can do it and the math backs it up. So to be very very clear, the 2 year process starts when they start adding value…so we are not in that 2 year process…yet. Whenever they do it they’ll do it. What you should be worried about is if they reduce the note count. And they have. So there’s no worries. The key always was the note count.
11-21-2016 Intel Guru RayRen98 We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The Budget might not implemented until the New Year, but we can have an RV any time up ‘til then. As far as I’m concerned, we’re here! We are still at ‘any minute’ until I hear otherwise. I’m very happy because I see the light at the end of the tunnel... I do believe it is coming, and coming very, very soon.
11-21-2016 Intel/Newshound Guru Mnt Goat Executive Order 13303 was issued on May 20, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. ...Exec Order 13303...is not going anywhere and is here to stay until it is renewed again in May 2017, if needed. Besides what difference does it make once the currency goes international anyhow? Full sanctions are then lifted.
11-21-2016 Newshound Guru mike Article: "Iraq's oil contracts make joining OPEC output cut more painful" Quote: "Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group's output." ...Iraq wants OPEC to remain strong and unified, as long as they don't have to abide the oil cuts. I'm betting that once ISIL is removed from Mosul their next excuse will be they need money to rebuild Anbar Province. Bottom line, I don't see these guys cutting production anytime in the foreseeable future.
11-21-2016 Newshound Guru firefly Article: "Draft of the so-called "national reconciliation" announced by Ammar al-Hakim" Quote: "Draft of the so-called "national reconciliation" or "historic compromise", and works on the National Alliance announced soon." National Alliance announced soon...At least somebody is talking about the UN Iraq agreement! A very fluent project at that! The National Reconciliation is absolutely HUGE!
11-20-2016 Newshound Guru EHankins THERE IS A LOT OF EVIDENCE OF NEWER ECONOMICS HAPPENING ALL OVER THE PLACE IN IRAQ. THE ARTICLES TALKING OF MOSUL CITIES BEING FREED UP TAKES A LOT OF $$$ AND IN COMING COMMODITIES OF EVERY KIND BY THE THOUSANDS AND THOUSANDS ...THIS TAKES BOOKOO BUCKS AS WELL. THE "FAT LADY" ISN'T GOING TO BE ABLE TO HIDE ALL OF IT FOR MUCH LONGER...THE EVIDENCE IS ABOUT TO REVEAL ITSELF IN AN EXPLOSIVE MANNER ..IMO.
11-20-2016 Newshound Guru rcookie THE QUANTITY OR STATUS OF THEIR NATIONAL RESOURCE ASSETS IS IMPORTANT... BUT AS FAR AS SUPPORTING AND DRIVING ANY CURRENCY VALUE INCREASE... NOWHERE NEAR AS IMPORTANT AS THESE THINGS THAT ARE NECESSARY TO SUPPORT FDI...AND ACTUALLY ALLOW IRAQ TO DO SOMETHING WITH ITS NEWLY VALUED CURRENCY...THE FDI IS WHAT WILL DRIVE THE DINAR...THE FDI [FOREIGN DIRECT INVESTMENT] VOLUME AND SUCCESS IN IRAQ IS WHAT WILL DRIVE THE CURRENCY AND ECONOMY... [post 2 of 2]
11-20-2016 Newshound Guru rcookie Report: "New Generation of Foreign Investment Laws: MENA-OECD Good Practice and the New Iraqi Investment Regime" ...FROM OECD ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT... REPORT ABOUT US INVESTOR INTEREST PROTECTION BEING REVISED AND BAKED INTO THE IRAQI FDI... FOREIGN DIRECT INVESTMENT...LANDSCAPE...THAT REPORT JUST SHOWS SOME OF THE VERY IMPORTANT ISSUES...SOME OF THESE LAWS WE HAVE SEEN AMENDED AND OTHERS STILL LOOKING FOR COMPLETION DEAL WITH...AND WHY SO VERY INTEGRAL IN RECRUITING...CAPTURING AND RETAINING FOREIGN DIRECT INVESTMENT IN IRAQ... [post 1 of 2....stay tuned]
11-20-2016 Intel Guru Dr. Clarke It is NOW our understanding, and Very Strong Belief, that there is still a 99% probability of Iraq officially announcing and printing, a substantially increased Dinar rate, that is FULLY INTERNATIONALLY tradable, together with the official announcement of the passing of the 2017 Budget, ON OR BEFORE, DECEMBER 1, 2016. Which means, that the Dinar will be fully PUBLICLY exchangeable OUTSIDE the country of Iraq, beginning in the month of DECEMBER, for ALL Groups, ALL people, and ANYONE holding Iraq Dinar, worldwide. FRIENDS, this IS happening in 2016. Yes, 2016 - THIS year. NOT 2017 (1% probability). What about the Vietnamese Dong? It is our very strong belief, that this currency will substantially raise in value, BEFORE their fiscal year, beginning January 1, 2017. That's all we'll say about the Dong, except that they are, and have been Ready Now. No more, no less. What we've stated, should now be, Crystal Clear.
11-20-2016 Newshound Guru mike Article: "Legal representative: five years for employees vacation will come into force immediately after the vote on the budget" More than likely, items like this are what's causing a delay in the budget getting passed. The IMF has told Iraq to trim the fat and reduce government expenses but that means layoffs or, "vacations" for the regular working man in Iraq. This will...create additional friction between the government and the common man. Tariffs, terrorists and now layoffs.
11-20-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance expects to vote on the 2017 budget later this month" Just to clarify, this has nothing to do with monetary policy. Despite year after year gurus stating a RV is in the budget. That is not how budgets work.
11-20-2016 Intel Guru ADMINBILL INTERESTING INFO COMING IN THIS AFTERNOON [SATURDAY]. IF IT PLAYS OUT YOU WILL BE PLEASANTLY SURPRISED SOONER RATHER THAN LATER. YOU WILL KNOW IT WHEN, AND IF, IT HAPPENS. [...we have heard soon a lot from intel providers… will it go before wed?] I HOPE SO BUT WE WON'T KNOW UNTIL THURSDAY!
11-19-2016 Intel/Newshound Guru Mnt Goat This change will cut down corruption and help bring the “Market” rate closer to the “CBI” rate of the dinar. Right now it is fluctuating beyond the mandated 2% +-. They need to stabilize the rate as much as they can prior to what is coming in early 2017...hint..hint... When they do use the Iraqi dinar to pay outside debtors then this will then mean the currency is then international, but not there yet. So changeover to mandate to using letters of guarantee still mean they are in closed economy under sanctions and not yet fully under Article 8 of IMF charter. [post 2 of 2]
11-19-2016 Intel/Newshound Guru Mnt Goat Article: "CBI Decides to be a Letter of Guarantee" ...the really big news is the change in the currency auctions to letters of credit. ...it was announced they are doing it BY THE CBI. So do the currency auctions just go away? I don’t think they will entirely ever just go away but certainly they are no longer going to use them to the extent they did in the past to obtain USD to pay debtors outside Iraq. Folks, if true, this is HUGE, HUGE news of the week but maybe not the slant that you think. The elimination of the currency auctions replaced with letter of credit does not change the fact that merchants are still mandated under sanctions to use only US dollars to pay outside country debtors. Just a change in the process of how they obtain these dollars, that’s all. [post 1 of 2....stay tuned]
11-19-2016 Newshound Guru firefly Article: "Deletion of 3 Zeros Project will be Executed Very Soon: CBI Governor" Quote: "He also indicated that the Central Bank of Iraq has started working on this project and all the steps will be finalized at the end of this year." ...has started working on this project... What happened to Start? Interesting. [I would say the the Gov of the CBI is a credible source.] I agree. Yes. he is more than committed to completing the reforms! I believe the IMF and Alak has formed a special relationship.
11-19-2016 Newshound Guru rcookie ...ONE OF THE BIGGEST ISSUES TOWARDS WTO ACCESSION IS HANDLING OF TRADE DISPUTES AND ARBITRATION PROCESS BETWEEN TRADE PARTNERS...AND WE JUST LEARNED THIS WEEK...THAT BAGHDAD WILL BE THE HOME & HOST OF THE ARAB REGIONAL ARBITRATION CENTER...WHERE TRADE DISPUTES WILL BE HEARD AND SETTLED AS WELL AS REGIONAL TRAINING CENTER FOR THE HUMAN RESOURCE TRAINING TOWARDS THESE ISSUES... HEADQUARTERED IN BAGHDAD! THINK THE WTO TOES ARENT CURLED WITH THAT...AND WHAT THAT SAYS ABOUT IRAQS REBRANDING AND MOVING AWAY FROM GENERATIONAL IMBEDDED CORRUPTION...AND ALL THE STATEMENTS ABOUT THEIR READINESS FOR ACCESSION... CONNECT THE DOTS AND THE PUZZLE PIECES COME TOGETHER... [They are further along then we know - IMO.] AGREED...AND THEY ARE QUITE FAR ALONG WITH WHAT IS PUBLIC AND ON RECORD.
11-19-2016 Newshound Guru Shredd Article: "Central necessary to mediate letter of guarantee 100% of their capital firms" Quote: "Baghdad revealed a document issued by the Central Bank of Iraq, on Thursday, for a resolution that includes an increase for letters of guarantee banking companies to allow them to enter sell the currency window, and noted that the decision included raising the letter of guarantee for banks to 100%..." Though not unprecedented in other markets, this 100% guarantee is great news and in my opinion, very telling it will be in place by the first of the year, given the recent news regarding the project to remove the zeros. See the forest in the trees, this is good news!
11-19-2016 Intel Guru RayRen98 I believe the Budget has been made a matter of urgency to get that approved and also implemented. Don’t put too much emphasis on the Budget, because being passed and published, that doesn’t mean an automatic RV. We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The citizens are no longer complaining about economic reforms. These are all signs to say that it’s over. It’s coming to a beginning, rather than an end. I do believe this is happening before the end of this year.
11-18-2016 Intel Guru Frank26 Financial Affairs Advisor to the Prime Minister, Dr. Saleh...on behalf of the CBI...He says that the CBI is operating in two directions...#1...the first direction is the reduction of the USD against the Iraqi dinar...and #2 is to stabilize the exchange rate in their country...I agree...because IMO the program rate of 1180 is no form of stability...Dr. Shabibi said...I plan to return our currency back to the glory days value of what it used to be in the ‘80’s and ‘90’s….now we all know that quote... Saleh said that the general orientation of the CBI is working to restore the IQD exchange rate against the USD to its former glory days”. ...there any glory in a program rate...there is only embarrassment...and to see these words again...given from the Financial Advisor to the Prime Minister to the citizens of Iraq...makes me smile.
11-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Economy: project to delete the zeros from the currency has become impossible due to corruption" ...this kind of banter has been going on for years. It has been referred to as "political football" within Iraq. Fortunately for us this time, the CBI is under an SBA with the IMF that will dictate economic and banking reforms to move the economy forward. We just have to wait and see what that entails.
11-18-2016 Newshound Guru rcookie Frank Baker's Twitter Quote via Josie: "Frank Baker Great Britain's Ambassador to Iraq via Twitter... "Interesting meeting with Govenor of Central Bank of Iraq to speak about enabling market access to UK banks and need to respect IMF conditionality" [Discussing the ability for UK banks to bring money in and money out of Iraq. International banking.] THAT IS PRECISELY WHAT HE IS REFERRING TO... AWESOME FIND! ..."RESPECT IMF CONDITIONALITY"...MAGNITUDE OF VERBIAGE...
11-18-2016 Newshound Guru Adam Montana I've slept about 7 hours over the last 2 nights, and I couldn't be more eager to continue corresponding with some of my best contacts. It's all about what's in the news, my friends! I'm really surprised that we're not seeing more coverage of this, but my inside reports are telling me that the advance on ISIS in Mosul is going amazing.
11-18-2016 Intel Guru Bruce I was requested specifically...not to do Intel. Even though I have Intel, I have chosen not to bring that up. This shows the proximity where we are. I am excited and I think we are all excited.
11-18-2016 Newshound Guru firefly And why is nobody talking about or has forgotten the US signing with Iraq last weekend on the National Reconciliation agreement? It is something to keep a VERY close eye on. To ME...that was the most important news article I have read in a Looong time. That will unite Christians. muslims, all the Iraq tribes all the religions into ONE Iraq...Absolutely huge. [But as we saw in the Amnesty Law, there are a lot of hang ups in getting the Blocs to agree.] Let's keep a close eye on it and its timing. My gut tells me it will be enacted right at the end...or the begining depending on how you look at it lol.
11-17-2016 Newshound Guru BGG "The first part of 2017" starts in just 47days (if they bother to wait that long)... to get started...which they have signaled as some version of their "starting point" for the project...my point was - and is...we have PLENTY to be excited about - no matter what "THE DATE"...it's just weird they are this open - direct - and "forward looking" in their comments. Even giving something of a "heads - up" as to when...
11-17-2016 Newshound Guru Adam Montana [I have been thinking that when it comes to the RV, the current government in Iraq isn't any better than the last one.] I disagree that this government is no better than the last - it is MUCH better! Don't let the current lack of immediate RV discourage you, we are on the right track!
11-17-2016 Newshound Guru rcookie …AUCTION POLICY CHANGES AND IMPLEMENTATION OF NATIONAL DEPOSIT INSURANCE SCHEME...AND SECURITIES ISSUES ARE WHAT WILL BE ADDRESSED IN CBI LAW NO 94...WHEN IT GETS TO PARLIAMENT....WHICH IS WHY IN ADDITION TO INVESTMENT LAW...CHAMBER OF COMMERCE LAW ETC…HAVE BEEN ELEVATED TO FRONT OF THE LINE PRIORITY WISE...AND HERE IT IS...THIS IS A QUOATE FROM THE ALAK ARTICLE YESTERDAY CONCERNING AUCTIONS…..”The member of the Committee of Economy and Parliamentary investment, Nora Albjara confirmed in an interview Saig to (long-Presse), that the rise in price of the dollar crisis will be resolved only after amending the Central Bank of Iraq Law No. 94 of 2004 in harmony with the current stage, usually the law is a big part of the market crisis, especially with the rise of the dollar against the dinar, as well as financial liquidity.”
11-17-206 Newshound Guru Breitling A LOP…they just take the zeros off the currency…What’s the indicator that they are not going to do that? They start reducing the note count. If they are going to “pretend” there are no zeros on the currency then they don’t need to reduce the note count. It’s a massive undertaking to reduce the note count…The CBI said the old currency is going to gain value cause they are going to reduce the note count. Eventually the value is going to be so high they are going to have to replace the currency you and I have with a new note that makes up the balance...and give us the opportunity to exchange...So there is no reason to reduce the note count if they are going to LOP.
11-17-2016 Newshound Guru wmawhite The most exciting part of this is that the most important entity, the CBI, is telling the citizens of Iraq along with any other knuckle heads that will listen that a change is coming and is coming soon. I was excited...and then [Guru] rcookie found... Article: "Iraq Stock Exchange Convention on the electronic trading system online trading investors remotely with Manaf Software Company" ....and one article stated that the issuance of the 50, 100 and 200 IQD notes in early 2017..."will be the effect of the delete the zero project". ...meaning...something has occurred prior to the issuance of the notes. Did I by any chance tell you that I am excited?
11-17-2016 Newshound Guru rcookie THEY DID NOT JUST START REDUCING THE NOTE COUNT...IT HAS BEEN ONGOING FOR YEARS...THIS IS WHY THEY CURRENTLY HAVE A DIRE LIQUIDITY CRISIS...THE REDUCTION OF THE NOTE COUNT IS ONE OF THE PHASES OF THE DELETE THE ZEROES PROGRAM...JUST LIKE THE MINTING OF THE NEW 3 ZERO NOTES WITH SECURITY FEATURES WE ALL HOLD...AS WELL AS THE NEW LD'S...ALL MINTED IN 2013...ALL MINTED TO WELL STRATEGIZED QUANTITIES AND RELEASE DATES...AND THE 3 ZERO NOTES WHILE STILL BEING ACKNOWLEDGED AS LEGAL TENDER FOR 10 YEARS...CAN NOT POSSIBLY COEXIST FUNCTIONALLY IN THE MARKETPLACE AT "POINT OF SALE"...AFTER THE INT'L PRICING EQUATION IS APPLIED...AND PRICES ADJUSTED...CITIZENS PURCHASING POWER ELEVATED AND REALIZED...
11-17-2016 Intel/Newshound Guru Mnt Goat Article: "Urgent Abadi: make minor adjustments to the 2017 budget and submit it to parliament" ...they already had the required two readings and are planning to vote on the budget on 11/26. It sounds like it is ready now?
11-16-2016 Newshound Guru wmawhite [Local banks will...exchange the foreign currency with the countries treasuries and at that point it becomes an institutional note used in foreign trade.] Remember, not all "local banks" exchange foreign currencies...Again, not all banks in your community will exchange foreign currency.
11-16-2016 Newshound Guru Adam Montana [If/when the Dinar RVs can Trump have any influence on how this income is taxed and if so, would you think it would be to our benefit?] This is an extremely interesting question, especially if you remember when this speculation first started it was rumored that Donald Trump had made a large Dinar purchase. I'm not going to feed that rumor, so I'll stay on topic - Iraq is moving at it's own pace, despite who was or wasn't elected. I do believe that our election will have made an influence on their speed, but I don't think Donald Trump himself will have any influence on their timing.
11-16-2016 Intel/Newshound Guru Mnt Goat There is so much news and it all points to many things for the betterment of Iraq. Just look at Iraq now compared to in 2014. What progress they have made. Sure they still need to get rid of ISIS / Daash and implement the “Reconciliation Agreement” and many others but at least now they are moving FORWARD and at a very fast pace. At some point it will culminate with the RV but getting there is half the fun....lol... I know the CBI decision is to remove three zeros from the currency of Iraq beginning in 2017. They themselves have told us now over and over again and just recently again. Today is less than a 1 ½ months from this time period. I have waiting for this period since the CBI first announced in December of 2015, that they would postpone the project to delete the zeros till early 2017.
11-16-2016 Newshound Guru wmawhite Within all of those recent articles the CBI has also told us what one of the next steps is...the reduction of USD into the market place...The CBI is at a very critical point in this project, which is called "The Delete The Zero Project". This project is not ONLY the large notes, but numerous other administrative and procedural steps. There may be a dozen "action" items within this project and after the implementation of those items there will be an intended result...an increase in the purchasing power of the IQD (to the citizen) which will be caused by an increase in value if the IQD OUTSIDE of Iraq. [post 2 of 2]
11-16-2016 Newshound Guru wmawhite Article: "Iraq Stock Exchange formally signed the Convention on the electronic trading system via the Internet trading after investors with Manaf software company on Monday, November 14 2016." Quote: "It is hoped the project officially launched during the first quarter of 2017 after completion of the binding mechanisms with the Iraq Stock Exchange systems and build the required access sites." WOW...more confirmation of major changes coming soon...please do not focus on one particular date... Folks...do...you see the relationship between what the CBI is doing and what the ISX is preparing for? [post 1 of 2....stay tuned]
11-16-2016 Intel Guru Daz I dont think we will see 3+ in iraq...we're looking for something in the 1:1 range in-country. when that happens...we're golden...the goal: in Iraq a dinar is a dinar (1:1)...in the USA, a dinar is $3.71 "dollars" when the multiplying factor is applied...in other countries...the "factoring" number is different respective to each countries economy and trade .86- 1.14 is the range i think....essentially a 1:1 allowing for trade and market fluctuations… thats .86 dinar to dinar...up to 1.14 dinar per dinar in country...anywhere in that range and we are golden...that would mean a full reinstatement and possible revaluation on an international scale.
11-16-2016 Newshound Guru Adam Montana You need look no further than the current News...to see that the trending hot topic is OIL... which means HCL is on the way, and you know how I feel about HCL! Can you say "GO RV!"?
11-16-2016 Intel Guru Bruce I just want to give you a bit of...Intel that I am getting...we are understanding that there is a couple of people in Iraq, Assistant Director to Shabibi were indicating Iraqi dinar found a new value against the dollar and is coming out much higher than previous rates...reinforcing the Iraqi value has changed and is in position to be a much stronger currency and much higher than it was before the Iraqi war...we are in super position for this to come through at any moment. [post 3 of 3]
11-16-2016 Intel Guru Bruce When it comes to Iraq, Iraq over the weekend was having firework displays throughout the country. Those fireworks have gone off the last 2 to 3 days. They are in celebration mode. Also we have heard today that there was a rate change made in Iraq sometime early this morning [Tuesday] about 4:30 am EST. It indicated a higher, much higher rate on the dinar. I don’t know what the rate is, but it is higher than we thought the dinar was. The rate itself is made public as far as I know. Let’s see how that manifests. [post 2 of 3....stay tuned]
11-16-2016 Intel Guru Bruce A lot has happened. It is the 15th, and normally we get the UN Operational rates on the 15th. What happened yesterday in preparation for that, the screens maybe it was the front screens of the banking institutions in the United States, Canada, and Mexico, meaning North America, all went dark. They went dark maybe not all day but for hours for a period of time they went black. Why? It was because the rates were being updated, reinstalled onto the screens...It not only happened in North America, but at some point in the afternoon or last night it happened around the world. All the banks around the world were reinstalling the rates. That never happened before. I think it is an important event that took place. Today [the 15th], the United Nations Operational rates were supposed to be effective on this date. So far we are waiting for that to occur. Maybe there been some rate changes. [post 1 of 3....stay tuned]
12-4-2016 Intel Guru ADMINBILL I HAVE BEEN INFORMED WE WILL SEE THIS OVER THE NEXT 36 HOURS, AND IT WILL KEEP ROLLING FROM THERE...THE SOURCES ARE VERY, VERY GOOD. [...are you excited!?] VERY - 11 YEARS IS LONG ENOUGH! LET'S SEE WHAT THE NEXT 36 HOURS BRINGS. BUT REMEMBER 36 HOUR USUALLY MEANS 72.
12-4-2016 Intel Guru Dr. Clarke [As I understand the question...about where all the money was coming from to facilitate this Dinar exchange, Iraq doesn't need to have much, or any of the money.] ...each country, exchanges at their country rates, in their currencies, through their own treasuries...in our opinion.
12-4-2016 Newshound/Intel Guru BGG Article: "Urgent Jubouri declared the readiness of the budget and printed for a vote" they have been working on it....it will happen...they HAVE TO - IMF is likely pushing this. [sounds like they are voting on it now...as we speak.] That is what I gathered... however, we are a world away and this is Iraq... we should wait and see.
12-4-2016 Intel Guru Dr. Clarke [Are you still believing that the International public rv won't happen until after Dec 15th?] It’s going to happen ON or After the “15th”…DECEMBER 15 - 31, 2016...”OH WHAT FUN, IT IS TO RIDE, IN A ...” Your Bell, is about to be JINGLED...
12-3-2016 Intel Guru Dr. Clarke ...right now as we speak, the Dong rate on XE is 22,696 = $1...oh, and just so you know, right now as we’re looking at XE, the Iraq Dinar rate is 1,156 = $1...so it’s a little more valuable, and a little off the 1166 rate a tad, which means the value has moved up just a little...but the Dong value, has gone DOWN a little...that’s why we’re calling this recent move by VN to raise the Dong to the 22,700 range, a “Setup”...right before they SIGNIFICANTLY INCREASE IT’s value.
12-3-2016 Intel Guru ADMINBILL I AM LOOKING FOR THIS WEEKEND. IF THAT DOESN'T WORK OUT, I WILL KICK THE CAN DOWN THE ROAD ANOTHER WEEK. BUT MY MUST DO GITT'ER DONE DATE IS SHORTLY AFTER THE INAUGURATION. FOR THE MOST PART THE CONSENSUS FROM THOSE BEHIND THE SCENES AND THOSE IN THE FOREFRONT BELIEVE WE ARE AT THE END. IT REMAINS A PROCESS. AN EXCEPTIONALLY COMPLICATED AND PRECARIOUS ONE THAT HAS BEEN AND IS CAREFULLY MONITORED TO INSURE NOTHING, AND I MEAN NOTHING, WILL GO WRONG.
12-3-2016 Intel Guru RayRen98 We are seeing cars with ridiculous prices on sites in the Middle East, like an automobile for 149 dinar – even at $4 per dinar, that’s absurd. Others are being shown at 14,000 dinar, which at $4 rate would be $52,000, which is more reasonable. If the rate is $3, then it’s 39,000 dollars, which is more reasonable. Iraqi television is saying that ‘mosul is imminent”, which is better than Abadi saying “Mosul will be liberated by the end of the year”. People over there are saying the rates have changed in-country, ranging from 86 cents to $1.16. Basically, the dinar is at 1:1 parity with the dollar. We are looking forward to this closing out this weekend, ready for the IMF meeting on Monday, 5. December. If everything stays in accordance with the plan as I am hearing it, we will see a full public release this weekend...Everyone is waiting for the full Iraqi dinar. That’s the one I came on board for, and the other currencies should follow suit. [post 2 of 2]
12-3-2016 Intel Guru RayRen98 We can’t do anything about those holding the strings, but we can look to Iraq to see how close we are to the finish line, ready to step over. I think we have more sound information than in the past. We got all these bits of information, and they all boiled down to yesterday, with the new banking laws, the Budget, the IMF loan, and so on. Because we don’t have a public release right now, that doesn’t mean we won’t have one this evening or this weekend. A lot of things have been done to bring this public. I don’t see anything else that needs to be done... The Budget has supposedly been postponed until Saturday, but we know they are trying to get this done, and it really has to be done by Monday, when the IMF meets. The Budget is supposed to have the RV factored in. [post 1 of 2....stay tuned]
12-3-2016 Intel Guru Dr. Clarke [If Mosul is not finished in December, will that delay this longer due to “security” concerns?] As of “Right Now”, the TIMING of Mosul, is irrelevant, as to the increase and International status release of the Dinar. Nothing you hear or see about Mosul, will be an accurate description of what’s really going on there, especially from here on out - and that’s why you hear so many reports that conflict with each other. It’s supposed to. This is war. Forget about Mosul and the timing of the Dinar. We’re now past that stage of concern, and strategy. ISIS is already contained enough, and has been for a few weeks now, in order to increase the value substantially and make it International in status - OFFICIALLY - which means it’s FORMALLY ANNOUNCED & printed on the CBI WEBSITE. Until this happens, it’s ALL just hearsay, and means nothing - BECAUSE, you can’t go exchange it - YET.
12-3-2016 Newshound Guru Breitling Here’s the difference between Iraq and Turkey…the one thing you need to understand is that Turkey got rid of the three zeros on it’s notes. In other words their note count never changed. They never took any notes out of the market…why is Iraq taking physical notes out of their market? ...Turkey took three zeros off their currency, they didn’t take any physical notes out…they pretended they reduced the note count by taking the three zeros off the notes. We know Iraq is not doing the same thing. Why? Because they physically took notes out of circulation. They already retired the 50 dinar note. So they went from 9 billion notes to 6 billion notes. Did they take any zeros off in that process? No! They went from 6 billion to 4 billion. Did they pretend there were any zeros off their notes at any time? No! Did they retire any notes that they had out there? Yes…they retired the 50 dinar note. How people don’t see the difference..either they don’t or it’s just too much to handle. This isn’t for everybody…It can’t just be on hope and prayer cause you end up loosing. There has to be logic somewhere.
12-3-2016 Intel Guru Blondie Article from Iraq surfaced within the last number of hours quoting U.S. Secretary of Defense Carter Ashe as saying "he was confident that the days of a few Daesh in Mosul." Great news! Formal Mosul liberation appears to be close at hand!
12-3-2016 Newshound/Intel Guru BGG ...they are working with us, the IMF, the UN and the world...they need international acceptance. Iraq's currency situation is getting better and better - ISIS money being destroyed. AND - we've got the major players hunting "smuggled currency"... DAILY. My guess...there is likely 10-20% of the outstanding currency there was a couple of years ago... Economic and monetary reform is already on the way (started)... HANG ON!!
12-3-2016 Intel Guru Bluwolf We are close people. All the loops both on the political as well as in greedy established ones have been dealt with in its entirety. One last word, just have everything ready.
12-2-2016 Intel/Newshound Guru Mnt Goat What’s the latest news on the 2017 budget? We heard they were still supposed to conduct a final vote on the budget on Thursday, yesterday. Quotes: "The House Finance Committee has ruled, Thursday, to try to pass the financial budget for the year 2017 Law on Saturday, attributed the reason to the existence of fundamental differences." "it is difficult to pass a budget next Saturday." so the budget will probably not go for a final vote on Saturday either and will be delayed yet further. No new date has been given but I guess they will come out with some more news after Saturday’s meetings.
12-2-2016 Intel Guru Dr. Clarke [Your earlier post stated they were trying to get this done ASAP. Is it possible I know you said after 15th do you feel we could possibly have it before Christmas.] YES, we Believe that there is a very strong possibility that Public exchanges will take place, even the week of Xmas. Friends, Dec. 15 is a key date, and the few days that follow that...and if it doesn’t pop out then, it gets stronger and stronger, the closer we get to December 31...for MANY REASONS... [reference Dr. Clarke's posts 12-1-2016 and 12-2-2016]
12-2-2016 Intel/Newshound Guru Mnt Goat We can see so much progress in the direction of going international. Just recently the CBI itself made an announcement that the CBI bank will start applying the certified standards internationally aimed at cutting off funding for the organization (Daesh) and other terrorist organizations and to prevent money laundering. The governor also told us that this effort does effect the project to delete the zeros and that it could not be moved forward without this effort first. He also said the project will not be completed in December.
12-2-2016 Intel Guru Frank26 ...know this...When it happens it will be posted on the CBI website with no celebration in Iraq. It will simply be another day.
12-2-2016 Intel/Newshound Guru Backdoc WE ARE VERY ENCOURAGED BY A DECEMBER TO REMEMBER! SOON "THE RACE" WILL BEGIN AND WE MAY ALL FIND OUR SELVES WITH NEW CHOICES AS IRAQ TAKES THE INTERNATIONAL STAGE! REMEMBER, "ONE IS THE LONELIEST NUMBER"! IRAQ WILL CLIMB IN VALUE OVER THE NEXT SEVERAL MONTHS AS IT BECOMES THE STRONGEST CURRENCY IN THE WORLD! BLACK GOLD WILL BE A PLAYER FOR THEM BUT THEIR MINERAL WEALTH WILL BE THE GAME CHANGER! THEY HAVE THE LARGEST PHOSPHORUS RESERVES IN THE WORLD WHILE THE WORLD IS AT CRITICALLY LOW LEVELS! GOLD AND OTHER PRECIOUS METALS ARE RIDICULOUS. THEY HAVE HIDDEN THIS MOSTLY FROM THE MAINSTREAM BUT IT WILL EVENTUALLY ALL COME OUT! THERE ARE GREAT DAYS AHEAD AS IRAQ BEGINS TO DIVERSIFY ITS ECONOMY! ...IMO.
12-2-2016 Newshound Guru rcookie [I have heard that they have to RI or RV to get their loan...?] NO...IT IS ABSOLUTELY NOT TRUE...THE IMF LAID OUT EXACTLY WHAT IRAQ NEEDED TO DO TO QUALIFY FOR THEIR ACESS TO SBA...EXACTLY...JUST AS THEY DID FOR PREVIOUS SBA'S...SMP'S AND RFI'S....AND NOWHERE...NOWHERE HAS THERE EVER BEEN EVEN REMOTELY A SUGGESTION OF SUCH...EVER.
12-2-2016 Intel Guru ADMINBILL IT APPEARS THE TRAIN MAY BE ABOUT READY TO PULL INTO THE STATION. HAVE YOUR BOARDING PASSES READY FOR THE CONDUCTOR TO PUNCH, AND PRAY THE RAILS RUN STRAIGHT AND TRUE. THERE HAS BEEN SO MUCH POSITIVE IN THE WAY OF POSITIVE MOVEMENT IN THE LAST WEEK THAT EVEN SOME OF THE NAYSAYERS ARE OPTIMISTIC FOR DECEMBER (AND I DON'T MEAN LATE DECEMBER). TIME WILL TELL, OF COURSE...
12-2-2016 Intel Guru Dr. Clarke [Will the iqd exchange at face value times the international rate or will it exchange at face value minus 3 zeros times the international rate?] Face Value. The 000’s value, will remain on your currency at exchange time, regardless what Iraq does internally with theirs...In our opinion.
12-2-2016 Newshound Guru Shredd Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." Good to see the banking system coming of age. This is great to see and proof the CBI is moving forward with their plan to have a banking system that is on par with other advanced economies. They are moving fast and forward and will be key in this next phase of the project to remove the zeros." This is showing us that all the ducks are in a row with the exception of national stability. With the battle being won over Daesh the stability is very, very close. So close that on 11/29/16 Prime Minister Abadi said "The Prime Minister reiterated, Haider al-Abadi, he will complete the implementation of military plans in Mosul by the end of this year, expressing hope that the restoration of the city battle ends soon."
12-2-2016 Intel Guru Dr. Clarke [As this crazy world turns so does the reality this will likely go into 2017.] This is NOT going into 2017. NOT. You may decide to EXCHANGE in 2017, but that’s it.
12-2-2016 Newshound Guru tlm724 Saleh announced on 11/27/16 that there will be a new bank to finance trade and private sector thus creating a single window for the purchase of USD and eliminating the CBI having to deal with it. There will very strict guidelines as mentioned in the article above and that will eliminate the fraud and corruption of the auctions! Things are shifting in our favor. We have a great chance of seeing huge progress in the delete the zero's project in the coming months... It wouldn't surprise me to see the HCL and the agreement with Kurdistan finalized as well...good days are just ahead! We have the IMF holding one hand of the CBI and the US Treasury holding the other. Be kinda hard to mess up with that combo at your side! Appears all systems are go just gotta restore stability... [post 2 of 2]
12-2-2016 Newshound Guru tlm724 Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next,with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." I am so encouraged by this statement from the governor of the CBI for multiple reasons. On March 3rd, 2015 he gave the green light for the deletion of the zero's... And...within the budget of 2015 they stopped the auction of the US dollar albeit only temporarily, they jumped the gun on that one. This years budget is still being negotiated. [post 1 of 2....stay tuned]
12-2-2016 Newshound Guru Kaperoni I remember years ago we... discovered the true intent was to float the dinar... Now I think most agree a RV is not practical and a float is the most likely.
12-2-2016 Newshound Guru MadDScout Article: "Iraq seeks to modify and activate the strategic agreement with America." Quotes: "Iraqi foreign revealed the formation of an Iraqi Committee to review the strategic framework agreement with Washington, the last joint meeting demand on some major points." "Iraq is a breeding ground for all States of the world and not only the United States," reclining on the security position is no longer an excuse for inaction to enter the Iraqi market and rich ". On top of sizzling news, this to me looks like more indication of dotting i's and crossing t's, in terms of strategic preparation's we see going on in Iraq.
12-2-2016 Intel Guru Dr. Clarke [I really find this information difficult to believe. If there was a clear indication that the rate had increased in country that would be like telling everyone to be sure and load up on Dinar as we'll be going international soon?] You’d be Wrong. Everyone has had 15 years to load up on Dinar, so the world is full of skeptics, no matter how good it looked, because things have gone on so long...we’re telling you THE TIME IS UP, AND THE MOVE IS ON - NOW!
12-2-2016 Intel Guru Bruce Iraq still a factor in this? Yes. Has the announcement about the budget, the amendment of the HCL law and anything else come out? It came out. It was already pre recorded it wasn’t aired yesterday. It has been put off until Saturday morning. That news is coming out of Iraq may not get here Saturday. There is a tie in with the IMF that has to do with the loan they plan on making to Iraq and announce that on Monday, December 5. I tell you now all the lower denominations are out in Iraq with their currency in all of the providences. The dinar is showing in Iraq at 1 to 1 with the USD now. ...my thinking is most of the so called bank rates will be higher than we thought. We are not calling a date, but the weekend is looking very good at this time... We are not far from the finish line. It is right here.
12-1-2016 Intel Guru Dr.Clarke [What do you and yours think about how this goes down whenever that might be? Do you think the mainstream talking heads will mention any of it or just watch it come and go quietly?] YES, this will hit mainstream media BIG TIME... Reason it will be International big news, is that they want to RUN UP THE VALUE, ASAP ON FOREX and in all trading market platforms. Much MORE $$$$$$...dah?
12-1-2016 Intel Guru Blondie Recent articles are saying they're moving the voting on the 2017 budget to this Saturday in order to add some amendments of a "political nature." Let's hope they get it done!
12-1-2016 Intel Guru Dr. Clarke [...do you see the Dec 7th IMF meeting moved up to Dec 5th a good sign of them showing a rate?] Yes, the IMF meeting is big, but the date is not that important. What is important, is that they are formally meeting - not for anything NEW, but to finalize what is already done.
12-1-2016 Newshound Guru mike ...the banking stuff is probably one of the most important parts of the process. Over and over I read articles about how Iraqi's not only avoid the private banks, they openly complain about how they operate and treat their customers. I don't see any movement with the currency until the banks are up to speed and able to facilitate the banking transactions that are necessary to support an open market economy. In the end, I've read these article for over four years now, they always say they're "making progress" but the time "just isn't right" to slowly remove the zero's. The brightest ray of sunshine is the fact that they're not going to lop the zero's off...they're going to use a process to raise the value. All we need is for them to determine when "the time is right" to get the ball rolling. ...this is an opinion... [post 2 of 2]
12-1-2016 Newshound Guru mike Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" I'm willing to bet that there will be no lower denom's in early 2017, in fact, I would say it's practically impossible. Adding value to the dinar is a process; MCP, liberalizing exchange etc, that isn't happening overnight. Even in a perfect scenario, the IMF have told Iraq they need to control the MCP for a minimum of 90 days, then they can accept the responsiblity of Article VIII and begin the slow, laborious process of raising the value of the dinar. ...articles...are telling us that Iraq isn't ready...yet. I don't think we're seeing these article's from Keywords by chance either, this guy's under a lot of pressure for the loss of the reserves through the corrupted auction's, he's telling everyone, as loudly as he can, that there's nothing to see here, we're on track to a better place and prosperity. [post 1 of 2....stay tuned]
12-1-2016 Intel Guru Dr. Clarke [ANY THOUGHTS ON THE DONG? ...Do You think the Dong is ready now for a revalue.] The status of the Dong, is exactly the same, as it’s been for the past 2 months...waiting on the official ISIS statement of Safety & Security...ISIS, spans the globe, and has infiltrated financial arena’s...the DONG has nothing to do with Iraq’s Dinar Currency! It DOES, have EVERYTHING to do with ISIS - which is primarily IN the country of Iraq. So, the two are linked...IT'S READY RIGHT NOW, AND HAS BEEN FOR QUITE SOME TIME. Why do you think it Just went to an All-Time high value, agains the dollar last week? Can you say, "SETUP?"...yes, believe it.
12-1-2016 Intel Guru Blondie Starting in December, the head of the CBI has announced (in available articles, this is public information) that Iraq will implement specific international standards with respect to anti-money laundering (OFAC List, Know Your Customer, Source of Funds), the same techniques required by financial institutions here in the U.S. and other nations. This keeps money not only out of the hands of ISIS, but other money launderers and helps put an end to the corruption that has been so rampant in Iraq. Doing these things is certainly a major step in the right direction.
12-1-2016 Intel Guru Dr. Clarke ...mark our words with 100% Certainty, this month of DECEMBER 2016, WILL NOT PASS, WITHOUT IRAQ substantially raising the Rate & Value of their Dinar Currency AND Officially declaring it FULLY INTERNATIONAL in status, of which, ANYONE outside the country of Iraq, will be able to TRADE OR EXCHANGE it, for Legal Tender. ...this situation with Iraq having a currency, that is only usable, tradable and qualifiable, only in the country of Iraq, at a very nominal value - IS ENDING IN THIS MONTH OF DECEMBER 2016. WE COULD NOT BE ANY CLEARER, OR PRECISE THAN THIS...“EXCITEMENT” should be your key word every day for the entire month of DECEMBER...
12-1-2016 Intel Guru ADMINBILL THERE IS A VERY REAL CHANCE THAT THE CAN IS FAR TOO FULL OF CONCRETE TO KICK AROUND MUCH FURTHER. MY WINDOW CONTINUES TO BE FROM NOW UNTIL THE END OF JANUARY WITH MY BEST WINDOW UNTIL MID-DECEMBER.
11-30-2016 Newshound Guru Aggiedad77 Article quote: "The first agreement of its kind between the Federal Reserve Bank and the US Treasury on the one hand and the Central Bank of Iraq, on the other hand, entered into to control the dollar remittances and ensure the prevention of access to illicit destinations," noting that those "The agreement includes cooperation, coordination and exchange of information and financial data relating to the sale of foreign currency and circulation." Remember this article...the UST and FED RES working tightly with the CBI...oh how full of stars this is getting to be...
11-30-2016 Newshound Guru Kaperoni Article: "Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros" Quote: "...the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard." ...the CBI is stating, were not ready to delete the zeros yet, but we are moving the banking system forward to engage with the global banking system. Does anyone see the importance of this? It is another clear sign that the CBI has no intention to LOP the dinar. If they did, they would certainly do it prior to bringing the world's financial system into play. Stating it as they do, IMO only confirms that they intent to raise the value of the dinar as we have stated for years.
11-30-2016 Intel/Newshound Guru tman23 "the Central Bank of Iraq has not set a date for the deletion of zeros from the currency dinar,” Did Shabibi not say...The deletion of the 3 zeros must be done at the start of the NEW YEAR...AND not in the middle of a quarter or the middle of the year...A timeline by a credible source! AND the current CBI governor said in recent articles...EARLY 2017... ...I'LL GO OUT ON A LIMB AND SAY WITH-IN THE FIRST 10 DAYS OF 2017... “the Bank Enter accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next.”...ERNEST AND YOUNG WERE TO FINISH UP MID NOVEMBER...AND SO AS SUSPECTED WE WOULD SEE THIS TYPE OF ANNOUNCEMENT AT LEAST 30 DAYS BEFORE THE "HAPPENING"! ...12/15 - 1/3...
11-30-2016 Intel Guru SteveI I talked to [Guru] Millionday and...she feels we are right on top of this finally happening by the first of the year.
11-30-2016 Newshound Guru Adam Montana We're heating up right now, not quite on fire, but the burner is on! I'm watching the news like a hawk, day and night, no time or need for sleep right now. REALLY excited to see how this continues!
11-30-2016 Intel Guru Frank26 I strongly believe that there is a change in the rate and I strongly believe that it will be reported very soon... IMO...PURCHASING POWER was given to the citizens IN-COUNTRY and is now 1 to 1 with the USD. IMO...their currency is worth one dollar...The American Dollar is PEGGED to the Iraqi Dinar. ...they took 1188 away from the AUCTIONS...to put in a TRANSITIONAL RATE...which has been well hidden. We want this TR (Transitional Rate) to go INTERNATIONAL...to the FOREX...and it will climb faster than a Saturn rocket. We’ve been waiting for “INTERNATIONAL!” The 5th...which is THIS COMING MONDAY...HELLO! This date...for the IMF ...the “target date” is to see if they have complied with the IMF requirements. I believe they are Article 8 compliant. It’s a one-way street. Abadi adjusted 2 things in the budget that the IMF demanded...it’s ready...
11-30-2016 Intel Guru Dr. Clarke It looks as though Iraq will substantially & publicly raise their Dinar rate of value, over the next few days, but the Official International status, will not be granted until December 15-31, 2016. This means, that official Public trading & exchanges outside Iraq, will not begin, until after December 15, 2016, through the end of the month...This change is due primarily to the question about Oil pricing, the value of the U.S. dollar, and the status/timing within Mosul. The push is to complete this FOR SURE, in the month of December 2016 asap, with a full International Rate & status established, as quickly as possible. As of "right now", Exchanges outside the country for everyone, will begin sometime from December 15th forward...In our Opinion...The rest of this week, into this weekend through the 5th, will be "Very Interesting"...It will soon be, a Very "Happy New Year".
11-30-2016 Intel Guru Bruce The information that has come out recently is very good as far as the proximity where we are...Information now is we are coming down to the wire. They have done an announcement in Iraq and recorded it. This announcement would include the 2017 budget for Iraq, the discussion about the amendments of the HCL Law, and there might be something about the International banking law. I think what we are looking for is also IMF to mention or an announcement...That announcement had to do with the loan of the IMF to shore up the credit in Iraq which is quite high. It will help to increase the amount of credit or credit score. That...should happen tomorrow morning [Wednesday] our time here. We haven’t heard new rates on Dong and Dinar but they were very high the last I heard. We are ready. Everything is ready. They do want this to go by Thursday. A very short window to come through if we are going to make that. I think we can look closely for the notifications to come in at any time.
11-29-2016 Newshound Guru rcookie JUST READ THIS HEADLINE... "Jubouri: Parliament ongoing legal legislation in which they can change the reality of this country" NUFF SAID...
11-29-2016 Intel Guru Frank26 The RV...and the MCP end at the same time! ...in Iraq... extremely soon...you will only be able to buy a hamburger in Iraq with IQD. It is not that the value of the American Dollar is going down...it is the AVAILABILITY of the USD that is going down. In the year 2016...which was an IMF requirement...They had to become a...one currency strong nation. This is what Iraq is about to tell you. The MCP (Multi currency Program) will stop this year in 2016...IMO. The IMF changed the meeting from the 7th to the 5th...they have a target date. In 2016? It really depends on Iraq. The ball is in their court. If they are going to meet on the 5th of December ...may I suggest that that rate be available BEFORE the 5th? In fact, the IMF made it very clear to them...if they don’t have a change in their rate...there is no point in meeting with them on the 7th! And now they changed it to the 5th! ...ahead of time?! [post 2 of 2]
11-29-2016 Intel Guru Frank26 There will be an economic explosion in Iraq in 2017...starting with the contracts...they are using rates that are NOT of the program rate. ...there are 3 contracts that we are following...that have completely different rates. Then all of the sudden...last Wednesday... they are now with NEW contracts. What are they? Infrastructure – they are bringing in companies... INTERNATIONAL companies...the commercial contracts and the infrastructure contracts were NOT based on a program rate...IMO...they were based on a “Transitional Rate”... ...how is that possible under their sanctions? ...IMO...they qualified to do this. ...look for these big companies to start pouring in...Look for DOW Chemical company. Look for AT&T. Look for textile companies...look for merchandise companies...look for especially communications. All infrastructure will explode in February 2017. [post 1 of 2....stay tuned]
11-29-2016 Newshound Guru Adam Montana [...bout time to hear some good news go go Rv?] I am not going to sugarcoat this, YES IT IS about time! We've waited a long time to get into a situation this positive! [reference Adam Montana post 11-28-2016]
11-29-2016 Newshound Guru rcookie Article: "Iraqi Kurdistan displays oil deliveries to Baghdad" Quote: "The President of Iraq's Kurdistan Regional Government, Nechirvan Barzani, was ready source of oil delivered to the federal government in Baghdad, against the payment of salaries of employees of the province, to welcome the Iraqi Oil Ministry this step, which is a breakthrough in the list between Baghdad and Erbil oil crisis." KURDS ARE TURNING OIL PRODUCTION OVER TO CENTRAL SO TO FACILITATE OIL AGREEMENT AND COMPLIANCE OF REGIONAL COMMITMENTS TO RECEIVE THEIR 17%...
11-29-2016 Intel Guru ADMINBILL ALL NEWS COMING IN IS POSITIVE. ACTIVITY AND REPORTS ARE POINTING TO THE FIRST PART OF DECEMBER. MY WINDOW REMAINS NOW THROUGH THE END OF JANUARY.
11-29-2016 Intel Guru Frank26 ...the Budget. Will the budget they are working on come out with a new rate? IMO...no. Can it come out with a new rate? Oh yeah. Is the budget ready? Yes...because Abadi told you so a few days ago. What did he say in the article? That it was being postponed... The new rate will NOT come out from the new budget...but from the CBI...when they are good and ready. All of this comes from a “play-book” or plan. The budget will be in dinars. That is a VERY IMPORTANT FACTOR... If they have the new rate in it...they are not going to tell you about it. IMO – the budget will not wait for the new rate...it moves on. When the new rate is out...EVERYTHING can be easily converted to the new rate that they are working on with the MR.
11-29-2016 Intel/Newshound Guru Mnt Goat Article: "Abadi adviser (Saleh) calls for the establishment of a new bank to finance trade and private sector" This is amazing news! It is WOW news. ...they are telling us the currency auctions {by the CBI} will end and be replaced by a separate bank that will handle international currencies. I quote from the article above – “to set up a new bank for trade finance” and “the trade must be regulated by the government, but without restriction”. ...So what other currencies would they be so worried about in dealing with foreign remittences. Why would they need a separate bank just for this effort if they did not expect to be conducting trade with many other countries and converting many currencies of these countries? ...The part about “without restriction” says it all. This means a free flow of monies during trade. Yes – this is needed if they are going to get out of their “closed” economy and open up an unrestricted trade with international countries. Folks this is just another tell-tell sign they are about to go international…WOW!
11-29-2016 Newshound Guru rcookie ...ALAK....SALEH AND FINANCE COMMITTEE MEMBERS HAVE OUTLINED 7 LAWS IN ADDITION TO THE INVESTMENT LAW AND OTHER ECONOMIC & FINANCIAL ACTS IN NEED OF AMENDING...
1. CENTRAL BANK LAW NO. 56 (2004)
2. FEDERAL BANKING LAW NO. 94 (2004)
3. COMPANIES LAW NO. 21 (1997)
4. IRAQI STOCK EXCHANGE LAW NO. 74 (2004)
5. FINANCIAL ADMINISTRATION ACT
6. INTEGRITY COMMISSION ACT
7. PFM LAW AMENDMENT & INCORPORATION TO 2017 BUDGET LAW
11-28-2016 Intel Guru RayRen98 The Budget was going to be approved on Saturday, and now it’s been pushed to 1. December...along with reconciliation and the final piece on the liberation of Mosul. Everything is being piled up to be done by the first to meet IMF requirements. Iraq is ready to roll, in fact they have already been rolling... [Do you know if the new rate is expected to be inside the 2017 budget being voted on this week?] Yes...that’s why it’s important. The Budget should either state the rate or have indications of the rate.
11-28-2016 Newshound Guru hutch LOTS OF GREAT RECONCILIATION THINGS HAPPENING... WE ARE IN A GREAT PLACE RIGHT NOW!
11-28-2016 Intel/Newshound Guru Backdoc Article: "Oil Industry Anticipates Day of Reckoning" WITH ALL THAT IS COMPLETED AND COMPLETING IN IRAQ AND VIETNAM, THE DOLLAR WILL NOW BEGIN TO MAKE ITS' ADJUSTMENT AND OIL WILL BEGIN ITS' RIDE HIGHER! THIS IS A HUGE EVENT... THESE COUNTRIES KNOW THAT ITS NOT JUST ABOUT OIL IS IT? NO! MANY COUNTRIES ARE READY FOR CURRENCY ADJUSTMENTS, AREN'T THEY? MY EYES WILL NOW WATCH FOR EVENTS ON THE 8TH THAT WILL BE STARTED!
11-28-2016 Newshound/Intel Guru BGG ...at this point - Maliki is likely a non-factor...In fact...a couple of days ago...Maliki was attacked by SHIAS during the "haj" to Karbala...In laymans terms - his own people attacked him as a criminal and a thief!! Very telling as to the mood of the people in Iraq. It would also appear there is "broad support" for this rooting out of corruption and cleaning things up...So - while Maliki has likely been an economic non-factor for a while now - he clearly once was... AND as recently as YESTERDAY the final issue may well have been settled...they are moving ahead economically and financially - monetary reform is about all kinds of other things. [post 2 of 2]
11-28-2016 Newshound/Intel Guru BGG While Maliki is of little importance to the current situation - as in economic reform... it is HUGE that he's been gradually minimized over the last year or two. Culminating in this "Law of Popular Crowds" being passed JUST YESTERDAY...this "Law of the Popular Crowds" ...IT IS VERY IMPORTANT...this law brings the Shia Militias more under the control and purview of Abadi and the Central GOI. The fact of the matter is this - without Maliki being gone - NONE of this economic, political and monetary policy reform would be possible...Once Abadi took over - he's had to chisel away at that "power base" a little at a time... [post 1 ofr 2....stay tuned]
11-28-2016 Intel/Newshound Guru Mnt Goat Todays’ news is very, very exciting. It tells us so much about the dynamics going on in the Iraqi govt and between the Kurdistan region. Also about all the drama going on with the 2017 budget and it is absolutely amazing! Last we knew they were supposed to take the final vote on Saturday 11/26. Did they? We see it did not come up for a final vote due to more needed changes or disagreements so it was stalled again. ...we see pressure from Abadi to try to stop the delay. We see the pressure as they are down to the wire on getting the budget done. ...for the very first time they have never been in such critical stage for their nation, economically and financially and much of the future progress hedges on the success of this budget.
11-28-2016 Intel Guru ADMINBILL CONTACTS REMAIN VERY OPTIMISTIC WITH SOME SAYING THIS WEEK. I AM STILL OF THE OPINION THAT OUR MOVING TARGET IS BETWEEN NOW AND THE END OF JANUARY.
11-28-2016 Newshound Guru Adam Montana ...we are HEATING UP! I'm not even going to go into great detail about the current situation, it's THAT easy to understand. 1. We have a good shot at a Budget this week. This is unprecedented, and will be the soonest Budget approval EVER. 2. Oil. 'Nuff said: "Kurds request Baghdad and Erbil to commit Oil agreement" 3. World Bank to loan 4 billion DINARS next month. That's NOTHING... without a change in the rate. Seriously not even worth the paperwork, much less a news story... WITHOUT A CHANGE IN THE RATE. Can you say "GO RV"? This is quite simply one of the best times I have ever seen for the IQD, and we are witnessing it happen right in front of our eyes! I'm pretty sure some of you are finally starting to wake up to the fact that we are getting close...
11-28-2016 Newshound/Intel Guru BGG Article: "Iraq receives four billion dinars as a loan from the World Bank next month" When I saw this one - my first thought was... 1) That is great... the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international "re-integration"... via IMF oversight and my second thought was...2) 4 million USD doesn't seem like much (or less) - unless of course... it's NOT REALLY 4 million? they quoted this number in Dinar (which they would - since it is in Arabic vernacular)...but that number may not be "exactly static"...Who knows what 4 Billion Dinar is worth then? 4 million doesn't do much in the way of "reconstruction"... That article says Dinar... another one says USD... My point...it's probably NOT 4 Billion Dinar at it's current value. That would only be 4 Million USD - that's about enough to "reconstruct" one really nice house...4 Billion - on the other hand... might be a start...
11-27-2016 Newshound/Intel Guru BGG "...Iraqi Council of Representatives included a vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 on Monday session agenda." Well - they have already pushed thru some crucial votes... no need to stop now. If they want to stay in good with the IMF they have some "housekeeping" to get handled - this business about passing budget bills late in the current year won't fly...I expect to see a 2017 budget passed before 2017 gets here...
11-27-2016 Intel Guru RayRen98 It has been reported that the popular vote was approved thereby uniting Iraq but the budget vote was postponed until Thursday, December 1, 2016. The distribution of the lower denoms are "expected" to be in all provinces by morning. The IMF review has been moved to Monday, December 5, 2016. Iraqi TV states the importance of the loan and that the fight in Mosul needs to be completed to plant the flag and commence the national reconciliation. So, it appears that the complete freeing of Mosul, the passing of the budget and the national reconciliation will all occur on Thursday, December 1 and the IMF review to conclude on Monday, December 5. Can the currency revalue see an international public release before then? Time Will Tell...smile.
11-27-2016 Newshound Guru rcookie Article quote: "...create an ideal investment environment is an economic center of development sought by Iraq and represents the legal side of the main attractions of advanced and specialized international companies that can be used to achieve the development goals which must include all sectors." THIS ARTICLE IS HUGE... OUTLINES THE APPLICATION OF THE INVESTMENT LAW NO 13...AND ADDRESSING OBSTACLES FROM FOREIGN INVESTORS PERSPECTIVE... SO...FURTHER INVESTMENT LAW AMENDING COMING SOON TO A PARLIAMENT SESSION NEAR YOU...ALONG WITH ALL OF THE OTHER ECONOMIC & FINANCIAL LAWS WE HAVE HAD LAID OUT FOR US THIS WEEK...WE KNOW EXACTLY WHAT WE ARE LOOKING FOR...
11-27-2016 Newshound/Intel Guru Arthur
FACT: HALF OF 2017 BUDGET VOTED ON...11/26/16.
(24 OUT OF THE 48 BUDGET ARTICLES)
FACT: THE OTHER HALF OF THE ARTICLES (25 THRU 48) SCHEDULED
FOR THURSDAY 12/1/16.
FACT: THE SIGNIFICANCE: NONE OF US HAS EVER SEEN A PASSED AND
IMPLEMENTED BUDGET IN IRAQ!
FACT: FINAL IMF SBA REVIEW SCHEDULED FOR DECEMBER 5TH
(MUST HAVE LOAN TO COVER DEFICIT, AND MUST INCLUDE HCL)
FACT: 35 DAYS UNTIL THE BEGINNING OF "EARLY 2017" (DELETION OF
ZEROS PER CBI).
11-27-2016 Intel Guru Frank26 In the last few hours so much has occurred ...the dynamics of what we STUDY is of great velocity. Let's say that the movement ... The progress of the process ... Is adjusting ... Conforming ... To their Targets. ...at this moment...there has been a Change to the Dec 7th IMF Meeting ... To the 5th. This is GIGANTIC ...
11-26-2016 Intel Guru Frank26 ...there is a law or two that need to be passed before the budget is released or simultaneously with the budget. It is also important to remember that the budget has nothing to do with the monetary reform for it too is in a long line waiting for the new rate. IMO... All is extremely well!
11-26-2016 Newshound Guru hutch Article: "Parliamentary Finance: Adoption of the General Budget Law for the year 2016 will be the end of this week" ...and then the 2017 for Monday. Quote: "The House of Representatives has finished its session on the ninth of November this second reading of the draft federal budget for the 2017 law, and directed the presidency of parliament parliamentary Finance Committee Bandaj the bill for a vote, in the coming sessions."
11-26-2016 Newshound Guru rcookie ...EXPLAIN TO ME HOW THE REQUISITE FOREIGN INVESTMENT NECESSARY TO SUPPORT AND DRIVE THE CURRENCY REFORM WE ARE WAITING FOR COULD REMOTELY HAVE BEEN POSSIBLE WITHOUT ADDRESSMENT ALONG WITH THE OTHER CRITICAL BANKING...ECONOMIC & FINANCIAL LAWS THAT HAVE BEEN ADDRESSED IN LAST YEAR...SIMPLE ANSWER...THEY COULD NOT...EVER...EVER...NEVER...
11-26-2016 Newshound Guru Adam Montana [Do you think they are waiting until Mosul is clear of ISIS and making sure Mosul banks are secured and accounted for before CBI makes RV announcement?] NO, but the Mosul operation is a big deal and they are doing awesome!
11-26-2016 Newshound Guru rcookie HERE IS THE BIGGIE...FLYING UNDER THE RADAR FOR TOMORROW [SATURDAY] ... COMMERCIAL AGENCY LAW...PLEASE READ AND UNDERSTAND HE SIGNIFICANCE RELATIVE TO DFI (DIRECT FOREIGN INVESTMENT)... Quote: "THIS LEGISLATION AIMES TO REGULATE THE WORK OF COMMERCIAL AGENCY EXERCISED IN IRAQ BY AN AGENT FOR THE BENEFIT OF A NATURAL OR LEGAL PERSON FROM ABROAD; AND REGULATE THE TRANSACTIONS OF THE DEPARTMENTS OF THE STATE, THE SOCIAL, MIXED AND PRIVATE SECTORS AND THE UNIONS WITH NATURAL AND LEGAL, ARAB AND FOREIGN PERSONS IN SUCH A WAY AS TO ACHIEVE DEVELOPMENT TARGETS, PREVENT EXPLOITATION, AND SECURE THE INTEREST OF THE NATIONAL ECONOMY..." THINK THIS MIGHT BE A TAD BIT IMPORTANT TOWARD DFI AND ACQUISITION OF DFI AND...ALONG WITH THE OTHER LAWS REVEALED YESTERDAY AS THE KEYS TO DELIVERING WHAT WE ARE ALL LOOKING FOR...
11-26-2016 Newshound Guru Adam Montana [Can you clarify the difference between the "oil agreement" and HCL?] HCL vs "oil agreement" is exactly what is going on... I'll get to the point real fast. They are using this term as a buffer while they are fiddling around. They will crank it up when they are ready, and it's not going to happen when we are most comfortably ready.
11-25-2016 Newshound Guru rcookie VOTING ON 2017 BUDGET LAW....AND AMNESTY LAW AMENDMENT...TOMORROW PARL SESSION...
11-25-2016 Intel/Newshound Guru Mnt Goat We know that no matter what notes they initially launch it will mean some kind of substantial increase in the value of the dinar...they told us it will be a “slow” rollout and may take some time. Only the CBI knows the plan and at what level of value the rate would have to be to continue with the launching and circulation of the next set of notes. I would guess it too is variable depending on the initial market reactions once they begin this next step in the process in early 2017. For the timing- I assure you it will not be years or even months before we see a significant rate of over $3.00 for the dinar once it hits the international markets and hedge funds. Again this is just my opinion and I am not giving any investment advise. [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat The CBI announced this week to the Iraqi citizens the introduction of the 500 IQD notes...this information is...HUGE, HUGE, HUGE. ...this note is on the list of the notes they must launch prior to any RV. They are still virtually worthless. Not until they are physically launched in early 2017 for their use at a higher dinar rate will they become practical to use. For now this is just an education process to get ready for that timeframe that is getting very close at hand. Remember they launched the 250 last summer and they had to fix the 50 with new security features so we can expect them too to come out soon. [post 1 of 2....stay tuned]
11-25-2016 Intel Guru Frank26 BTW...THREE ZERO TALK is a Momentum...A Cause in Iraq. Why SO MANY THREE ZERO ARTICLES TALKING about LIFTING THE THREE ZEROS in 2016? Because in 2017... LD's are coming.
11-25-2016 Intel/Newshound Guru tman23 Iraq is plagued by socioeconomic development and proof is provided everyday...with news articles... The country offered bonds in US dollars and Euro, this was an attempt provide confidence to countries that a currency depreciation in IQD would not impact negatively on the yields of the bonds they purchased...on the other hand, local emerging market bonds were purchased by Iraq citizens in local currency (dinar)... The bonds along with the past year release of the 50k note and the latest 500 dinar note creates quite the conundrum...And with all this wealth of information gathered daily over the years on the Iraq dinar speculation...The 'Iraqi Dinar conundrum" remains the same as it did 10 years ago... How will Iraq treat the 3 zero notes upon exchange? Answer coming very soon...
11-25-2016 Newshound Guru rcookie [Iraq has gone from an average inflation rate of 12.9% down to 0.20% over the last 11 years.] YEP... AND DEBUNKS ANY ASSERTIONS...STATING IRAN & IRAQ WALKING DOWN AISLE OF ECONOMIC MATRIMONY TOGETHER...IRAN INFLATION ALMOST 8%.
11-25-2016 Intel/Newshound Guru Mnt Goat My contact would not give me a firm date but said that without Dr Shabibi having full access to the mechanisms to launch the process of the initial rate increase, the CBI could not make the needed process work. The FACT is we now know for sure that Dr Shabibi is not at the helm in the CBI...But there is one exception timeframe built into the process. This timeframe is the first week in January. In other words, with the correct security credentials, a knowledge of the process and with minimal training someone, besides Dr Shabibi, can actually manipulate the systems needed to move the currency forward. To me this tells us that we can expect them to do something significant sometime within the very first week of January 2017. Of course this is still just my guess. But a very good guess based on other factual data... [post 2 of 2]
11-25-2016 Intel/Newshound Guru Mnt Goat ...from the fall of 2015 (when they told us they were officially postponing the project to delete the zeros until early 2017) that there were only 2 articles telling us to wait until early 2017...information once again reminding us that it was coming, but not yet. Then in November 2016 alone an explosion of articles as we have seen nine (9) articles so far in this month alone out of over a year of waiting. Something is going on here. So I recently jumped on the phone and talked to my CBI contact. What was I told? I was told that YES they are now going forward with the project to delete the zeros. So this also confirms what I heard about Iraqi TV and news media stations broadcasting this news last week. [post 1 of 2....stay tuned]
11-25-2016 Newshound Guru Adam Montana [...which will come first ; . the introduction of the lower denoms or a new rate for the dinar?] I think they come at the same time, OR the lower denoms come slightly sooner.
11-24-2016 Intel Guru ADMINBILL More info coming in yesterday to suggest that we are closer to our goal. Activity may begin tomorrow. News out of Iraq continues to be good. Look for good things to happen. We have a window that stretches through January IMO.
11-24-2016 Newshound Guru Adam Montana ...the HCL hasn't been completed...that's really the only thing we're waiting on, and OIL news has been ramping up... this is a good thing! We are certainly getting close...
11-24-2016 Newshound Guru rcookie [Iraq seems to be taken a leading roll in banking reform throughout the region.] YES THEY ARE...AND GIVEN THEIR LONGSTANDING REPUTATION AND PAST TRACK RECORD...WOULD NOT BE AFFORDED THIS OPPORTUNITY FROM WORLD AGENCIES UNLESS THEY WERE CONVINCED & CONFIDENT OF IRAQS COMMITMENT AND FOCUS TO BE THE REGIONAL LEADERS...
11-24-2016 Intel/Newshound Guru Mnt Goat ...as we get closer and closer to the “early 2017” date we see more and more information coming out of the press on the progress that they are making. The CBI even told us last week that they are now proceeding once again with the “project to delete the zeros”...this is exactly the news we must hear and await to hear. Now we have it….WOW! ...I know for a FACT that within Iraq, the news channels talked about the CBI declaring that they have begun the “project to delete the zeros” once again. I was told this too by my CBI contact over a year ago that this “project to delete the zeros” and its process and progress is what we should be concentrating on mostly. ...Iraq also needs to get the banking and financial reforms in place to support the project. So now we see them doing it and it is right on time...Is it time to get excited? Yes, Yes and YES!
11-23-2016 Intel Guru RayRen98 [Are you aware of any specific item or issue that must be completed before the RV will occur?] No. The Budget has come up in conversation; it should be finalized on Saturday...As for lower denominations, we are getting information that they are in some of the provinces. There is some kind of distribution going on, in some hands/places. We have heard that from various sources this week. We believe that window has been opened. I don’t know to what degree those lower denominations are out, but they should have taken their complete course by Monday. That fact it has started says it all for me. If the lower denominations have run their course by Monday, they will have to show a revalued rate by then, if not sooner.
11-23-2016 Intel/Newshound Guru Backdoc TODAY IRAQ ANNOUNCED THAT THEY WILL PARTICIPATE IN OPECS OIL CUTS TO RAISE PRICES ENSURING THE NOVEMBER 30TH OPEC DEAL A SUCCESS! THIS WILL NOW BECOME THE TRIGGER FOR HIGHER BLACK GOLD PRICES! WITH WHAT IS HAPPENING OVER THIS WEEKEND IN GOVTS. WE SHOULD SEE A LAUNCH IN COUNTRY AVAILABILITY ON CARDS IMO IN INDIA AS WELL AS IRAQ VERY SOON. MAYBE THEY WILL RELEASE LOWER DENOMS TOO BUT THAT COULD BE A QUESTION? THERE IS NOW A 100% CERTAINTY THAT THE FED WILL RAISE RATES IN DECEMBER. THAT ACTION IS GOING TO TRIGGER THE PROCESS LEADING TO WHAT WE ALL WAIT FOR.
11-23-2016 Newshound Guru rcookie ...WE HAVE A REPORT FROM YET ANOTHER BANKING FORUM...THIS ONE FROM BEIRUT...ATTENDED BY ALAK...TARIQ & SEC GEN UNION ARAB BANKS...INT'L FINANCIAL EXPERTS LIKE SHAMMARI & ECONOMISTS LIKE AL NASIRI...ASSEMBLED TO CONNECT & COOPERATE WITH THE REGIONAL & INTERNATIONAL BANKING & FINANCIAL ENVIRONMENT... WORKING TO REVIEW AND ASSESS THE REASONS FOR WEAKNESS OF CONFIDENCE IN IRAQI BANKS...NASIRI ONCE AGAIN IDENTIFIES WITH DETAIL THE CRITICAL FINANCIAL & BANKING LAWS IN NEED OF ADDRESSMENT & AMENDING WE SHOULD BE LOOKING FOR OUT OF PARLIAMENT...TOWARD THE END OF ACHIEVING REALITY BANKING IN IRAQ...THIS IS BIG...AND HAS SOME INSIGHTFUL LEGISLATIVE ACTIONS WE ARE LOOKING FOR.
11-23-2016 Intel Guru Frank26 Article quote: "Economics and politics experts and parliamentarians acknowledged the existence of confusion in the concepts and terminology, calling on monetary policy in Iraq led to achaotic opinion about these concepts." NO CONFUSION!...CBI is doing the MR [Monetary Reform]...They are Educating the Citizens. Anything else is a False denial.
11-23-2016 Newshound Guru mike Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" ...let's hope that Iraq will actually make the move this time. When they liberate the exchange and get the MCP within 2%, we'll know we're close...
11-23-2016 Intel Guru Bruce We heard last night [Monday]...in Iraq an announcement was made. This announcement was the announcement that took Iraq back to an International status in which their currency being revalued and now they are essentially sovereign. We know the announcement was made at 1am EST last night [Monday]. This announcement was not made here. We don’t have it here yet. Hopefully we will get it tonight [Tuesday] or tomorrow [Wednesday]. We may need to hear that announcement to hear it here for it to start for us. Also...their Qui cards can be used to purchase lower denominations as we can use the ATMs to get cash out... we got confirmation of that. Over all we should plan on having a great Thanksgiving. It maybe the best Thanksgiving we ever had. So things are moving in the direction for that to occur.
11-22-2016 Intel Guru ADMINBILL THE PAST 2-3 DAYS HAVE PROVIDED A SIGNIFICANT AMOUNT OF INFORMATION THAT LEADS ME TO BELIEVE THAT WE ARE GETTING CLOSER TO OUR GOAL. THERE ARE INTERESTING ARTICLES AND NEWS STORIES THAT ARE BEGINNING TO MAKE THE NATIONAL AND INTERNATIONAL NEWS OUTLETS THAT RELATE TO THE IMPROVING SITUATION IN IRAQ. RUMORS ABOUND THAT TELL WE ARE VERY NEAR THE END. WHERE THERE IS SMOKE THERE IS FIRE.
11-22-2016 Newshound Guru Kaperoni Article: "Raise three zeroes from the Iraqi currency's progress and evaluation" I like this...It was scheduled to be the project to delete the three zeroes in 2011 and did not perform. And then postponed to 2013...then postponed to 2015...and now the decisions implemented early 2017 plan.
11-22-2016 Intel Guru RayRen98 The new 500 dinar note with the Kurdish language on it is in circulation. Are the 1’s, 5’s, 10’s and 20’s next, and if so, how soon? We patiently wait, “if” it is necessary at all? Time Will Tell.
11-22-2016 Newshound Guru EHankins ...WATCHING THE INFRASTRUCTURE EXPLODING AND THE CLEARING OF MOSUL AND COMMODITIES HAPPENINGS IN IRAQ IS THE EVIDENCE OF BIG, BOOKOO BUCKS $$$$ FLYING AROUND IN IRAQ WAS EVIDENCE OF THE FAT LADIES INABILITY TO HIDE ALL THE MR [MONETARY REFORM] TAKING PLACE. ...I CAN'T WAIT FOR THE TIMING AND STUDY BETWEEN NOVEMBER 25TH THROUGH DECEMBER 7TH. IRAQ IS ABOUT TO BE GIVEN BIRTH AS A NEW CREATION AND FULFILL IT'S INTENDED PURPOSE...THIS IS ABSOLUTELY SPECTACULAR.
11-22-2016 Newshound Guru Breitling they are talking about setting up for the ISX going on Nasdaq coming up here pretty quick. They didn’t give an exact date but these guys are moving things….We know they are going to be on Nasdaq here pretty soon because of the way everything is being set up. If you walk up to somebody’s computer and there’s nothing on that computer, no operating system but you’ve got a Window 10 manual sitting there and you’ve got the software with the Window 10 software CD still in the package not opened yet that gives you a clue on what they are going to load on that computer right? That’s basically what’s happening. They have the Iraq Stock Exchange sitting there and they have this package with the software to load up the Nasdaq. They have the manual for Nasdaq sitting there. And it’s very exciting.
11-22-2016 Newshound Guru mike Article: "Iraq new 500-dinar note (B357) confirmed" Good stuff, so, from all appearance's, they not only need this note now, they're going to need it in the foreseeable future. As the value slowly rises the note will go from a value of .50 to a buck and hopefully all the way to $500 when the value reaches 1-1. During that time, the newer notes like the 1, 5, 10, 20 and 100 will come out. I'm looking forward to Iraq starting the process in 2017 so that in time, they can get to the lower denominated notes.
11-22-2016 Newshound Guru Kaperoni Article: "Iraq new 500-dinar note (B357) confirmed" Not new, just updated with Kurdish language and two dots. Btw, this to me is another good sign that the plan is what we all believe. They are necessary now. Their worth is .50 cents. The fact that they spend money on upgrading them to me implies they expect them to continue to be used for a while. Which is exactly what we want.
11-21-2016 Newshound Guru wmawhite [Iraq new 500-dinar note (B357) confirmed...] Hmmmm...why invest the million of $ into a new note with new security features and the inclusion of the Kurdish language when that note is currently valued at approximately $0.50. Not a lot of need for it in the current marketplace. 500 IQD (note) X $0.00086 = $0.43 (43 cents)
11-21-2016 Intel Guru Delta "New 500-Dinar note-confirmed" ...with Kurdish text on back.
11-21-2016 Newshound Guru Breitling ...The two year process starts when they start adding value to the currency. What leads up to that 2 year process is them reducing the note count. There was speculation they were supposed to revalue in 2011…maybe…but they didn’t have the note count reduced so they weren’t in a position to pull the trigger. They were going to do it in 2013…maybe…but they didn’t reduce the note count so they weren’t in a position to pull the trigger. 2015? That’s a different ball game. 2016? Where we’re at right now…that’s a different ball game. They can pull the trigger. And now they are talking about the beginning of 2017…guess what...they can do it and the math backs it up. So to be very very clear, the 2 year process starts when they start adding value…so we are not in that 2 year process…yet. Whenever they do it they’ll do it. What you should be worried about is if they reduce the note count. And they have. So there’s no worries. The key always was the note count.
11-21-2016 Intel Guru RayRen98 We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The Budget might not implemented until the New Year, but we can have an RV any time up ‘til then. As far as I’m concerned, we’re here! We are still at ‘any minute’ until I hear otherwise. I’m very happy because I see the light at the end of the tunnel... I do believe it is coming, and coming very, very soon.
11-21-2016 Intel/Newshound Guru Mnt Goat Executive Order 13303 was issued on May 20, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. ...Exec Order 13303...is not going anywhere and is here to stay until it is renewed again in May 2017, if needed. Besides what difference does it make once the currency goes international anyhow? Full sanctions are then lifted.
11-21-2016 Newshound Guru mike Article: "Iraq's oil contracts make joining OPEC output cut more painful" Quote: "Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group's output." ...Iraq wants OPEC to remain strong and unified, as long as they don't have to abide the oil cuts. I'm betting that once ISIL is removed from Mosul their next excuse will be they need money to rebuild Anbar Province. Bottom line, I don't see these guys cutting production anytime in the foreseeable future.
11-21-2016 Newshound Guru firefly Article: "Draft of the so-called "national reconciliation" announced by Ammar al-Hakim" Quote: "Draft of the so-called "national reconciliation" or "historic compromise", and works on the National Alliance announced soon." National Alliance announced soon...At least somebody is talking about the UN Iraq agreement! A very fluent project at that! The National Reconciliation is absolutely HUGE!
11-20-2016 Newshound Guru EHankins THERE IS A LOT OF EVIDENCE OF NEWER ECONOMICS HAPPENING ALL OVER THE PLACE IN IRAQ. THE ARTICLES TALKING OF MOSUL CITIES BEING FREED UP TAKES A LOT OF $$$ AND IN COMING COMMODITIES OF EVERY KIND BY THE THOUSANDS AND THOUSANDS ...THIS TAKES BOOKOO BUCKS AS WELL. THE "FAT LADY" ISN'T GOING TO BE ABLE TO HIDE ALL OF IT FOR MUCH LONGER...THE EVIDENCE IS ABOUT TO REVEAL ITSELF IN AN EXPLOSIVE MANNER ..IMO.
11-20-2016 Newshound Guru rcookie THE QUANTITY OR STATUS OF THEIR NATIONAL RESOURCE ASSETS IS IMPORTANT... BUT AS FAR AS SUPPORTING AND DRIVING ANY CURRENCY VALUE INCREASE... NOWHERE NEAR AS IMPORTANT AS THESE THINGS THAT ARE NECESSARY TO SUPPORT FDI...AND ACTUALLY ALLOW IRAQ TO DO SOMETHING WITH ITS NEWLY VALUED CURRENCY...THE FDI IS WHAT WILL DRIVE THE DINAR...THE FDI [FOREIGN DIRECT INVESTMENT] VOLUME AND SUCCESS IN IRAQ IS WHAT WILL DRIVE THE CURRENCY AND ECONOMY... [post 2 of 2]
11-20-2016 Newshound Guru rcookie Report: "New Generation of Foreign Investment Laws: MENA-OECD Good Practice and the New Iraqi Investment Regime" ...FROM OECD ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT... REPORT ABOUT US INVESTOR INTEREST PROTECTION BEING REVISED AND BAKED INTO THE IRAQI FDI... FOREIGN DIRECT INVESTMENT...LANDSCAPE...THAT REPORT JUST SHOWS SOME OF THE VERY IMPORTANT ISSUES...SOME OF THESE LAWS WE HAVE SEEN AMENDED AND OTHERS STILL LOOKING FOR COMPLETION DEAL WITH...AND WHY SO VERY INTEGRAL IN RECRUITING...CAPTURING AND RETAINING FOREIGN DIRECT INVESTMENT IN IRAQ... [post 1 of 2....stay tuned]
11-20-2016 Intel Guru Dr. Clarke It is NOW our understanding, and Very Strong Belief, that there is still a 99% probability of Iraq officially announcing and printing, a substantially increased Dinar rate, that is FULLY INTERNATIONALLY tradable, together with the official announcement of the passing of the 2017 Budget, ON OR BEFORE, DECEMBER 1, 2016. Which means, that the Dinar will be fully PUBLICLY exchangeable OUTSIDE the country of Iraq, beginning in the month of DECEMBER, for ALL Groups, ALL people, and ANYONE holding Iraq Dinar, worldwide. FRIENDS, this IS happening in 2016. Yes, 2016 - THIS year. NOT 2017 (1% probability). What about the Vietnamese Dong? It is our very strong belief, that this currency will substantially raise in value, BEFORE their fiscal year, beginning January 1, 2017. That's all we'll say about the Dong, except that they are, and have been Ready Now. No more, no less. What we've stated, should now be, Crystal Clear.
11-20-2016 Newshound Guru mike Article: "Legal representative: five years for employees vacation will come into force immediately after the vote on the budget" More than likely, items like this are what's causing a delay in the budget getting passed. The IMF has told Iraq to trim the fat and reduce government expenses but that means layoffs or, "vacations" for the regular working man in Iraq. This will...create additional friction between the government and the common man. Tariffs, terrorists and now layoffs.
11-20-2016 Newshound Guru Kaperoni Article: "Parliamentary Finance expects to vote on the 2017 budget later this month" Just to clarify, this has nothing to do with monetary policy. Despite year after year gurus stating a RV is in the budget. That is not how budgets work.
11-20-2016 Intel Guru ADMINBILL INTERESTING INFO COMING IN THIS AFTERNOON [SATURDAY]. IF IT PLAYS OUT YOU WILL BE PLEASANTLY SURPRISED SOONER RATHER THAN LATER. YOU WILL KNOW IT WHEN, AND IF, IT HAPPENS. [...we have heard soon a lot from intel providers… will it go before wed?] I HOPE SO BUT WE WON'T KNOW UNTIL THURSDAY!
11-19-2016 Intel/Newshound Guru Mnt Goat This change will cut down corruption and help bring the “Market” rate closer to the “CBI” rate of the dinar. Right now it is fluctuating beyond the mandated 2% +-. They need to stabilize the rate as much as they can prior to what is coming in early 2017...hint..hint... When they do use the Iraqi dinar to pay outside debtors then this will then mean the currency is then international, but not there yet. So changeover to mandate to using letters of guarantee still mean they are in closed economy under sanctions and not yet fully under Article 8 of IMF charter. [post 2 of 2]
11-19-2016 Intel/Newshound Guru Mnt Goat Article: "CBI Decides to be a Letter of Guarantee" ...the really big news is the change in the currency auctions to letters of credit. ...it was announced they are doing it BY THE CBI. So do the currency auctions just go away? I don’t think they will entirely ever just go away but certainly they are no longer going to use them to the extent they did in the past to obtain USD to pay debtors outside Iraq. Folks, if true, this is HUGE, HUGE news of the week but maybe not the slant that you think. The elimination of the currency auctions replaced with letter of credit does not change the fact that merchants are still mandated under sanctions to use only US dollars to pay outside country debtors. Just a change in the process of how they obtain these dollars, that’s all. [post 1 of 2....stay tuned]
11-19-2016 Newshound Guru firefly Article: "Deletion of 3 Zeros Project will be Executed Very Soon: CBI Governor" Quote: "He also indicated that the Central Bank of Iraq has started working on this project and all the steps will be finalized at the end of this year." ...has started working on this project... What happened to Start? Interesting. [I would say the the Gov of the CBI is a credible source.] I agree. Yes. he is more than committed to completing the reforms! I believe the IMF and Alak has formed a special relationship.
11-19-2016 Newshound Guru rcookie ...ONE OF THE BIGGEST ISSUES TOWARDS WTO ACCESSION IS HANDLING OF TRADE DISPUTES AND ARBITRATION PROCESS BETWEEN TRADE PARTNERS...AND WE JUST LEARNED THIS WEEK...THAT BAGHDAD WILL BE THE HOME & HOST OF THE ARAB REGIONAL ARBITRATION CENTER...WHERE TRADE DISPUTES WILL BE HEARD AND SETTLED AS WELL AS REGIONAL TRAINING CENTER FOR THE HUMAN RESOURCE TRAINING TOWARDS THESE ISSUES... HEADQUARTERED IN BAGHDAD! THINK THE WTO TOES ARENT CURLED WITH THAT...AND WHAT THAT SAYS ABOUT IRAQS REBRANDING AND MOVING AWAY FROM GENERATIONAL IMBEDDED CORRUPTION...AND ALL THE STATEMENTS ABOUT THEIR READINESS FOR ACCESSION... CONNECT THE DOTS AND THE PUZZLE PIECES COME TOGETHER... [They are further along then we know - IMO.] AGREED...AND THEY ARE QUITE FAR ALONG WITH WHAT IS PUBLIC AND ON RECORD.
11-19-2016 Newshound Guru Shredd Article: "Central necessary to mediate letter of guarantee 100% of their capital firms" Quote: "Baghdad revealed a document issued by the Central Bank of Iraq, on Thursday, for a resolution that includes an increase for letters of guarantee banking companies to allow them to enter sell the currency window, and noted that the decision included raising the letter of guarantee for banks to 100%..." Though not unprecedented in other markets, this 100% guarantee is great news and in my opinion, very telling it will be in place by the first of the year, given the recent news regarding the project to remove the zeros. See the forest in the trees, this is good news!
11-19-2016 Intel Guru RayRen98 I believe the Budget has been made a matter of urgency to get that approved and also implemented. Don’t put too much emphasis on the Budget, because being passed and published, that doesn’t mean an automatic RV. We have been looking for the lower denominations to be released every day this week. The Iraqi banks and CBI say they are fully set up for international interactions. The next thing is for the currency to change its value inside the country and then outside the country. We’re ready, everything is done, and banks are ready for international action. The citizens are no longer complaining about economic reforms. These are all signs to say that it’s over. It’s coming to a beginning, rather than an end. I do believe this is happening before the end of this year.
11-18-2016 Intel Guru Frank26 Financial Affairs Advisor to the Prime Minister, Dr. Saleh...on behalf of the CBI...He says that the CBI is operating in two directions...#1...the first direction is the reduction of the USD against the Iraqi dinar...and #2 is to stabilize the exchange rate in their country...I agree...because IMO the program rate of 1180 is no form of stability...Dr. Shabibi said...I plan to return our currency back to the glory days value of what it used to be in the ‘80’s and ‘90’s….now we all know that quote... Saleh said that the general orientation of the CBI is working to restore the IQD exchange rate against the USD to its former glory days”. ...there any glory in a program rate...there is only embarrassment...and to see these words again...given from the Financial Advisor to the Prime Minister to the citizens of Iraq...makes me smile.
11-18-2016 Newshound Guru Kaperoni Article: "Parliamentary Economy: project to delete the zeros from the currency has become impossible due to corruption" ...this kind of banter has been going on for years. It has been referred to as "political football" within Iraq. Fortunately for us this time, the CBI is under an SBA with the IMF that will dictate economic and banking reforms to move the economy forward. We just have to wait and see what that entails.
11-18-2016 Newshound Guru rcookie Frank Baker's Twitter Quote via Josie: "Frank Baker Great Britain's Ambassador to Iraq via Twitter... "Interesting meeting with Govenor of Central Bank of Iraq to speak about enabling market access to UK banks and need to respect IMF conditionality" [Discussing the ability for UK banks to bring money in and money out of Iraq. International banking.] THAT IS PRECISELY WHAT HE IS REFERRING TO... AWESOME FIND! ..."RESPECT IMF CONDITIONALITY"...MAGNITUDE OF VERBIAGE...
11-18-2016 Newshound Guru Adam Montana I've slept about 7 hours over the last 2 nights, and I couldn't be more eager to continue corresponding with some of my best contacts. It's all about what's in the news, my friends! I'm really surprised that we're not seeing more coverage of this, but my inside reports are telling me that the advance on ISIS in Mosul is going amazing.
11-18-2016 Intel Guru Bruce I was requested specifically...not to do Intel. Even though I have Intel, I have chosen not to bring that up. This shows the proximity where we are. I am excited and I think we are all excited.
11-18-2016 Newshound Guru firefly And why is nobody talking about or has forgotten the US signing with Iraq last weekend on the National Reconciliation agreement? It is something to keep a VERY close eye on. To ME...that was the most important news article I have read in a Looong time. That will unite Christians. muslims, all the Iraq tribes all the religions into ONE Iraq...Absolutely huge. [But as we saw in the Amnesty Law, there are a lot of hang ups in getting the Blocs to agree.] Let's keep a close eye on it and its timing. My gut tells me it will be enacted right at the end...or the begining depending on how you look at it lol.
11-17-2016 Newshound Guru BGG "The first part of 2017" starts in just 47days (if they bother to wait that long)... to get started...which they have signaled as some version of their "starting point" for the project...my point was - and is...we have PLENTY to be excited about - no matter what "THE DATE"...it's just weird they are this open - direct - and "forward looking" in their comments. Even giving something of a "heads - up" as to when...
11-17-2016 Newshound Guru Adam Montana [I have been thinking that when it comes to the RV, the current government in Iraq isn't any better than the last one.] I disagree that this government is no better than the last - it is MUCH better! Don't let the current lack of immediate RV discourage you, we are on the right track!
11-17-2016 Newshound Guru rcookie …AUCTION POLICY CHANGES AND IMPLEMENTATION OF NATIONAL DEPOSIT INSURANCE SCHEME...AND SECURITIES ISSUES ARE WHAT WILL BE ADDRESSED IN CBI LAW NO 94...WHEN IT GETS TO PARLIAMENT....WHICH IS WHY IN ADDITION TO INVESTMENT LAW...CHAMBER OF COMMERCE LAW ETC…HAVE BEEN ELEVATED TO FRONT OF THE LINE PRIORITY WISE...AND HERE IT IS...THIS IS A QUOATE FROM THE ALAK ARTICLE YESTERDAY CONCERNING AUCTIONS…..”The member of the Committee of Economy and Parliamentary investment, Nora Albjara confirmed in an interview Saig to (long-Presse), that the rise in price of the dollar crisis will be resolved only after amending the Central Bank of Iraq Law No. 94 of 2004 in harmony with the current stage, usually the law is a big part of the market crisis, especially with the rise of the dollar against the dinar, as well as financial liquidity.”
11-17-206 Newshound Guru Breitling A LOP…they just take the zeros off the currency…What’s the indicator that they are not going to do that? They start reducing the note count. If they are going to “pretend” there are no zeros on the currency then they don’t need to reduce the note count. It’s a massive undertaking to reduce the note count…The CBI said the old currency is going to gain value cause they are going to reduce the note count. Eventually the value is going to be so high they are going to have to replace the currency you and I have with a new note that makes up the balance...and give us the opportunity to exchange...So there is no reason to reduce the note count if they are going to LOP.
11-17-2016 Newshound Guru wmawhite The most exciting part of this is that the most important entity, the CBI, is telling the citizens of Iraq along with any other knuckle heads that will listen that a change is coming and is coming soon. I was excited...and then [Guru] rcookie found... Article: "Iraq Stock Exchange Convention on the electronic trading system online trading investors remotely with Manaf Software Company" ....and one article stated that the issuance of the 50, 100 and 200 IQD notes in early 2017..."will be the effect of the delete the zero project". ...meaning...something has occurred prior to the issuance of the notes. Did I by any chance tell you that I am excited?
11-17-2016 Newshound Guru rcookie THEY DID NOT JUST START REDUCING THE NOTE COUNT...IT HAS BEEN ONGOING FOR YEARS...THIS IS WHY THEY CURRENTLY HAVE A DIRE LIQUIDITY CRISIS...THE REDUCTION OF THE NOTE COUNT IS ONE OF THE PHASES OF THE DELETE THE ZEROES PROGRAM...JUST LIKE THE MINTING OF THE NEW 3 ZERO NOTES WITH SECURITY FEATURES WE ALL HOLD...AS WELL AS THE NEW LD'S...ALL MINTED IN 2013...ALL MINTED TO WELL STRATEGIZED QUANTITIES AND RELEASE DATES...AND THE 3 ZERO NOTES WHILE STILL BEING ACKNOWLEDGED AS LEGAL TENDER FOR 10 YEARS...CAN NOT POSSIBLY COEXIST FUNCTIONALLY IN THE MARKETPLACE AT "POINT OF SALE"...AFTER THE INT'L PRICING EQUATION IS APPLIED...AND PRICES ADJUSTED...CITIZENS PURCHASING POWER ELEVATED AND REALIZED...
11-17-2016 Intel/Newshound Guru Mnt Goat Article: "Urgent Abadi: make minor adjustments to the 2017 budget and submit it to parliament" ...they already had the required two readings and are planning to vote on the budget on 11/26. It sounds like it is ready now?
11-16-2016 Newshound Guru wmawhite [Local banks will...exchange the foreign currency with the countries treasuries and at that point it becomes an institutional note used in foreign trade.] Remember, not all "local banks" exchange foreign currencies...Again, not all banks in your community will exchange foreign currency.
11-16-2016 Newshound Guru Adam Montana [If/when the Dinar RVs can Trump have any influence on how this income is taxed and if so, would you think it would be to our benefit?] This is an extremely interesting question, especially if you remember when this speculation first started it was rumored that Donald Trump had made a large Dinar purchase. I'm not going to feed that rumor, so I'll stay on topic - Iraq is moving at it's own pace, despite who was or wasn't elected. I do believe that our election will have made an influence on their speed, but I don't think Donald Trump himself will have any influence on their timing.
11-16-2016 Intel/Newshound Guru Mnt Goat There is so much news and it all points to many things for the betterment of Iraq. Just look at Iraq now compared to in 2014. What progress they have made. Sure they still need to get rid of ISIS / Daash and implement the “Reconciliation Agreement” and many others but at least now they are moving FORWARD and at a very fast pace. At some point it will culminate with the RV but getting there is half the fun....lol... I know the CBI decision is to remove three zeros from the currency of Iraq beginning in 2017. They themselves have told us now over and over again and just recently again. Today is less than a 1 ½ months from this time period. I have waiting for this period since the CBI first announced in December of 2015, that they would postpone the project to delete the zeros till early 2017.
11-16-2016 Newshound Guru wmawhite Within all of those recent articles the CBI has also told us what one of the next steps is...the reduction of USD into the market place...The CBI is at a very critical point in this project, which is called "The Delete The Zero Project". This project is not ONLY the large notes, but numerous other administrative and procedural steps. There may be a dozen "action" items within this project and after the implementation of those items there will be an intended result...an increase in the purchasing power of the IQD (to the citizen) which will be caused by an increase in value if the IQD OUTSIDE of Iraq. [post 2 of 2]
11-16-2016 Newshound Guru wmawhite Article: "Iraq Stock Exchange formally signed the Convention on the electronic trading system via the Internet trading after investors with Manaf software company on Monday, November 14 2016." Quote: "It is hoped the project officially launched during the first quarter of 2017 after completion of the binding mechanisms with the Iraq Stock Exchange systems and build the required access sites." WOW...more confirmation of major changes coming soon...please do not focus on one particular date... Folks...do...you see the relationship between what the CBI is doing and what the ISX is preparing for? [post 1 of 2....stay tuned]
11-16-2016 Intel Guru Daz I dont think we will see 3+ in iraq...we're looking for something in the 1:1 range in-country. when that happens...we're golden...the goal: in Iraq a dinar is a dinar (1:1)...in the USA, a dinar is $3.71 "dollars" when the multiplying factor is applied...in other countries...the "factoring" number is different respective to each countries economy and trade .86- 1.14 is the range i think....essentially a 1:1 allowing for trade and market fluctuations… thats .86 dinar to dinar...up to 1.14 dinar per dinar in country...anywhere in that range and we are golden...that would mean a full reinstatement and possible revaluation on an international scale.
11-16-2016 Newshound Guru Adam Montana You need look no further than the current News...to see that the trending hot topic is OIL... which means HCL is on the way, and you know how I feel about HCL! Can you say "GO RV!"?
11-16-2016 Intel Guru Bruce I just want to give you a bit of...Intel that I am getting...we are understanding that there is a couple of people in Iraq, Assistant Director to Shabibi were indicating Iraqi dinar found a new value against the dollar and is coming out much higher than previous rates...reinforcing the Iraqi value has changed and is in position to be a much stronger currency and much higher than it was before the Iraqi war...we are in super position for this to come through at any moment. [post 3 of 3]
11-16-2016 Intel Guru Bruce When it comes to Iraq, Iraq over the weekend was having firework displays throughout the country. Those fireworks have gone off the last 2 to 3 days. They are in celebration mode. Also we have heard today that there was a rate change made in Iraq sometime early this morning [Tuesday] about 4:30 am EST. It indicated a higher, much higher rate on the dinar. I don’t know what the rate is, but it is higher than we thought the dinar was. The rate itself is made public as far as I know. Let’s see how that manifests. [post 2 of 3....stay tuned]
11-16-2016 Intel Guru Bruce A lot has happened. It is the 15th, and normally we get the UN Operational rates on the 15th. What happened yesterday in preparation for that, the screens maybe it was the front screens of the banking institutions in the United States, Canada, and Mexico, meaning North America, all went dark. They went dark maybe not all day but for hours for a period of time they went black. Why? It was because the rates were being updated, reinstalled onto the screens...It not only happened in North America, but at some point in the afternoon or last night it happened around the world. All the banks around the world were reinstalling the rates. That never happened before. I think it is an important event that took place. Today [the 15th], the United Nations Operational rates were supposed to be effective on this date. So far we are waiting for that to occur. Maybe there been some rate changes. [post 1 of 3....stay tuned]
11-15-2016 Newshound Guru firefly So, am I excited that the CBI told us the lifting the 3 zeros from the marketplace will begin in early 2017? You better believe I am...
11-15-2016 Newshound Guru BGG ...we can hang on for 47 days...but it may not even go THAT LONG.
11-15-2016 Newshound Guru Kaperoni Article: "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency" Quote: "Start procedures to delete three zeros from the currency in 2017" The good news is it looks like we will see something happening in just a month or so.
11-15-2016 Newshound Guru firefly ...what the lifting of the 3 zero notes means...All they are doing is removing them from the market place...hence "the lifting of the 3 zeros"...so if the removing them from the marketplace begins in early 2017...Logic would tell us they would need to have a value for the lower denoms to hit the streets right... BEFORE they are removed... The CBI told you they will coincide with the lowered denoms for 10 yrs.
11-15-2016 Intel Guru ADMINBILL Reports continue to be positive with information pointing from any minute through the inauguration. News from Iraq remains positive with reports that the small denominations are in use and being given as change...they are to be issued soon. Whether this occurs this week or next is not relevant. Seeing a completion of the process is all we ask...
11-15-2016 Newshound/Intel Guru BGG Adding value is a part of the "note removal" process...without value - why would anyone want to carry a smaller denomination (No zero notes)? I am skeptical about 1st Q 2017 - them telling everyone doesn't make a lot of sense - unless they do it earlier than that...AND they've already said it will BEGIN in early 2017. That's only 47 days away...
11-15-2016 Newshound Guru Kaperoni It has been some 13 years and Iraq still has not created with much success a private sector/market economy. So the Dinar waits. Iraq remains today about 93% dependent on oil production. 2017 seems to be the year Iraq plans to launch such a market economy. Time will tell. In order to do so, Iraq must create the conditions. Some of which are laws for investors, stability, and a sound banking system. Once it's internationally recognized, convertible and traded, the dinar will rise based on supply & demand. Some may sell at 1 cent...Others may wait until 10 cents, and still others may wait until it is much higher. The Dinar will become eventually just like any other currency, bought and sold throughout the global banking system. [post 2 of 2]
11-15-2016 Newshound Guru Kaperoni Interesting fact, the dinar has already appreciated from its original value released in 2003. According to reports, back in October 2003 the Dinar exchange rate was well over 1600 to $1. In pretty short order it appreciated (4-6 months) down to 1170 to $1. This first phase of appreciation was to counter the effects of inflation in Iraq that was well over 38% as oil production began post war. I believe the plan was designed to again raise the value to counter the effects of the launch of a private sector or market economy. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Article quote: "...an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets..." ...do...you remember from a couple months ago the ISX stating that they intended to be available to global investing in early 2017. [Yes...i sure do...] Well, well , well...1+1=2.
11-15-2016 Intel Guru Frank26 IMO – this month...November 2016...up until December 2016...I believe they need to change the value of their currency for 2017. From November 7th to December 7th – these are the golden periods that the IMF works with the CBI...and we will see if there is a change before 2017. IMO - does this not show they are in Article 8 compliance? The rate may be...10 to 20 cents...but their goal is to get to 1 to 1...THIS YEAR...2016...that way it can be introduced to the INTERNATIONAL community at 1 to 1 by the 1st of the year. THE RATE HAS TO CHANGE BEFORE JANUARY for any of this to have LIFE. [post 2 of 2]
11-15-2016 Intel Guru Frank26 2017 is the time when they will introduce the LOWER DENOMS...but it NEEDS A NEW RATE. [Guru] Delta told me...this was being introduced with great confidence to the citizens...RED ALERT! Dec 7th, 2016 the IMF board will do a review of lifting the 3 zeros. Saleh says we will delete the 3 zeros...from the exchange rate. “We will DELETE the 3 zeros from the payment of the dinar in Iraq.” THAT IS HUGE! But...they have to RAISE THE VALUE OF THEIR CURRENCY FIRST! They even said that the LOWER DENOMS will exist parallel with them for the next 10 years! Yes...they must change the VALUE BEFORE the new notes...as to not confuse the citizens... [post 1 of 2....stay tuned]
11-15-2016 Newshound Guru Kaperoni For those who don't know, deleting or dropping the zeros in the case of Iraq won't happen overnight. It's going to take time. The zeros will go away one by one as the dinar rises in value. What causes the value to rise is what is known as "supply and demand" Or what some call "market forces". Meaning as investors and investment comes into Iraq, it will drive the value of the dinar up...Which will cause the zeros to go away naturally over time. There is no RV or single event. This is well documented in the IMF...Stand by Agreement.
11-15-2016 Newshound/Intel Guru BGG [...if three zeros are removed, a hypothetical is, eight $25,000 note would become a $25 note is that correct?] First off - it's a 25k DINAR note... worth $25 USD (currently)...and when they get done revaluing - no matter what the USD value is - or should be OUT OF IRAQ...inside Iraq - 1 Dinar will still be worth 1 Dinar...a Dinar is a Dinar... so ask yourself - again, when they are writing these articles about their currency - who are they talking to? Iraqi's - where a Dinar is still going to be worth a Dinar...so what are they removing? ...it's NOT A LOP - that is what taking a 25k (IQD) note to a 25 IQD note would be - and there's NO WAY...So...if it's NOT NOMINAL VALUE... AKA - .0086 >> .86 and it's NOT A LOP... AKA 25,000 = a 25 IQD note...then what is it? a removal of the bigger - 3 zero notes over a period of time...
11-15-2016 Newshound Guru mike Article: "CBI decision to remove three zeros from the currency of Iraq beginning in 2017" ...even if they "start" the process in 2017, there's still a ton of work to be done. We know they need to fix the MCP and liberate the exchange, but they also need legislation to encourage the foreign capital needed to rebuild. Some kind of economy is also going to be required to create demand for Iraqi products as well. Here's hoping they get on the ball and demonstrate a movement towards the open market economy instead of talking about beginning the process, the sooner they do, the sooner they'll get to a dime.
11-14-2016 Intel/Newshound Guru Mnt Goat Article: "...the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq's economy again in January 2017.." WOW! Now they even gave us a closer timeframe. They actually said January of 2017 not just early in 2017…WOW! So we are getting very close to this target. I am very excited and so should you. [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat ...recently we heard all the very good news about the Reconciliation Law effort being drawn up and now presented to all of the secs for acceptance... They are very serious this time. The law also conditions what will happen to Mosul provinces post ISIS and all the non-Iraq fighting forces in Iraq. It is very significant and CAN NOT fail if we expect to get an RV. Then they popped out news about the HCL. They told us it too is all completed but still needed the law presented to parliament and passed to make it all legal and long lasting. It now sits in parliament waiting for the final readings. We also know it is in the 2017 budget which will be voted on Nov 26th...so we are told. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite [...[Guru BGG] bgg mentioned it might come out as excotic currency what does that really mean?] If it has value and there is someone on this planet that will exchange it for me, it doesn't matter.
11-14-2016 Intel Guru SteveI [Dropping the three zeros is merely a description of the coming new lower denomination currency. On the magic day whatever day that is...The lower denominations will be announced and issued ...including a 25 dinar note, a 10 dinar note, the 5 dinar note, and so on...Concurrent with that event the exchange rate will be updated to whatever value they have determined...Be it $.85 to the dinar, or $1.16 to the dinar, or $3.45 to the Dinar...] This is how we believe it to happen...
11-14-2016 Newshound/Intel Guru BGG ...there have been several BARN BURNER ARTICLES lately...Here's a couple of...headlines from the last few days... "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency"; "The central bank begins its first steps to delete the three zeroes from the currency"; "The CBI decision to remove three zeros from the currency of Iraq beginning in 2017". They are pretty much telling us what's happening...it's VERY EXCITING!
11-14-2016 Intel/Newshound Guru Mnt Goat ...we all should be very excited now...but I am also VERY cautious and know they can also postpone this effort again if certain mandated reforms and reconciliation efforts fail. But we also know they can not grow their economy either without a real currency...There is just 47 days remaining in 2016. Many say this event will happen prior to Jan 1st 2017. I will tell you THERE IS ABSOLUTELY NO EVIDENCE SHOWING US OR TELLING US IT WILL HAPPEN SOONER! Can it happen prior? Anything is possible... [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat There is now so much news pouring out of Iraq on the “project to delete the zeros”. ...they will have to explain the project all over again to the citizens since it has been about a year already since they last tried to do it. They are now ramping up to do just that. I expect they will give a deadline (a time limit) as to how long the Iraqi citizen has to exchange the 3 zeros for the new lower denomination notes before they expire. This is of course in Iraq only. We know the 3 zero notes will remain in circulation (but more for the inter-banking transactions) for 10 years. If you look at the BIG picture you will realize that us investors will be like the bankers in Iraq, who will remain holding the large 3 zero notes and use them mainly for inter and intra country commerce. Only the value will change significantly from what it is today, IF YOU WERE TO USE IT INTERNATIONALLY. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Parliament has already given the CBI the "green light" to move forward with the delete the zeros project. This happen in March 2015. Furthermore, the CBI has been flooding the news with their intent, which is to put notes into the market place that currently has like value of $0.04, $0.09 and $0.18. The CBI is not telling the world that they are doing this only if Parliament does not go on recess. The CBI is driving/steering this ship. Everybody else is reacting to the CBI. [post 2 of 2]
11-14-2016 Newshound Guru wmawhite [I see where parliament is going on recess in Dec and not coming back until Jan 07, 2017...I sure hope all laws are voted on that are needed before a change in the value on our investment or we are looking into 2017...?] Gee, wonder why the CBI has told the world that the 50, 100 and 200 notes are coming out in early 2017...Just wonder if the CBI thinks there are enough laws in place? ...the CBI would not be flooding the media with this information if they (the CBI) did not already have what they needed to do certain things that (has the CBI said)..."there be the affect of the delete the zeros project". [post 1 of 2....stay tuned]
11-14-2016 Intel Guru Dr. Clarke [...since the CBI says they are starting the process to delete the 000's it may very well be a rate change in 2016.] Looking more & more, like the highest probability, is right at the very end of November, 2016...we'd say it's now at 99%...
11-14-2016 Newshound Guru Aggiedad77 Article: "In fiscal policy seminar in Iraq in favor of proposing the establishment of a specialized commercial bank importation" Commercial Bank...would that be a vital and necessary thing at a program rate...where do you think this headed...why of course their Financial Reform kicking into high gear...why not...terrorism is breathing its last breath...the Long Line is chomping to get into Iraq in an even bigger way than has previously been experienced...a Commercial Bank would be just what the doctor ordered...what better way to resolves issues around credit and import policies from where...outside of the country of course...pay attention to Dr. Saleh...when he is speaking...it is truly Abadi's thoughts that come from him...and the Iraqi people listen...listen with intent... the BEST is coming...all IMO.
11-13-2016 Newshound Guru Shredd [...what is the incentive for the Iraqi people to bring the larger notes in if the value does not exceed the dollar?] ...the plan is to reduce the supply of the dollar. This is huge. If they were flooding the market with the dollar, it would satisfy the need for lower denoms. BUT, since they are reducing the dollar supply and replacing with the dinar, think of the practicality of that at the rate today...ridiculous, right? So, this situation, the supply and then the corresponding necessary increase in the value to make the ease of carry, the incentive is there to use the dinar.
11-13-2016 Newshound Guru Islandg1211 I also believe that they do need to pass Investment and Banking laws. They need to stop the MCP. Mosul is projected to be done in 2-3 months (everyone can define "done" in different ways, I'm defining it as being safe and secure with mines cleared and roads driveable.) I doubt the GOI is going to get anything else done besides the Budget before February given their track record. Hopefully, February and March they can actually pass what they need to pass and be ready to RV by the end of March-April window, while the CBI "starts" the deletion of the three zeroes the first quarter of 2017, and Mosul is secured. ALL THOSE THINGS ARE ACHIEVABLE by APRIL 2017, and it fits with the CBI's recent statements that they are beginning the process the first quarter of 2017. [post 2 of 2]
11-13-2016 Newshound Guru Islandg1211 Because they have to "delete the zeroes" they have to announce their steps to get the citizens to bring in their three zeros Dinars. Because they have to issue the lower denoms, they have to announce the program to the citizens. It isn't like they are keeping the old currency and just raising their exchange rate, so they have to make announcements. ISIS has really delayed them for three years (2014-2017.) I've never believed that they would RV 4th quarter of a year, nor do I believe that at this point they will RV prior to gaining control of Mosul. [post 1 of 2....stay tuned]
11-13-2016 Newshound Guru Aggiedad77 Article: "Proposals on the central bank's decision to grant the loan?" Quote: "The Iraqi government and the Central Bank of Iraq's decision to allocate trillion dinars in the budget of 2017 to give a concessional loan for the establishment of small and medium enterprises is a correct and important step..." IMO...we are seeing the CBI acting here with regard to this loan for 2017 as though it is a done deal...so could they know already that the budget will be passed...that at least this portion of the budget will skate through Parliament unscathed...How would they be making plans for this loan to these sectors if they didn't know already what was the outcome of the budget process within Parliament...I'm thinking we will see this budget passed this month...by the end of this month...and when it is passed/approved and published...oh the movement of their Monetary Reform will truly swing into a higher gear known more fondly as full speed ahead...
11-13-2016 Newshound Guru Shredd How will the notes be removed? If not by law, then by incentive and if the latter is the case, how can you incentivize the Iraqi people to bring in their large notes? Add value to the artificially held down dinar! Reduce the availability of the Dollar and release into circulation the medium notes and eventually the small notes. I believe 2017 is going to be an exciting year in this regard. ...watch for indicators of the tide changing with the dinar. Iraq's back is against the wall and you should be excited. Lastly, just as a reminder which I've often said...this is currency folks... Currency which will represent the true value of Iraq's economy...oil, gold reserves, growing infrastructure, gaining diversification of goods and services and investment faith. Not IF, WHEN...and we are getting closer! [post 3 of 3]
11-13-2016 Newshound Guru Shredd I'm happy to be wrong, but the "gradual" increase in the value of the dinar that we've been reading about for the past few years may very well start off as a continued managed float before it moves to a full market-driven float to maintain stability. The 2% rate fluctuation stability requirement makes me wonder if that will be the case...to mitigate market reactions to large "steps" or tranching of the rate. We'll have to wait to see. Anyways, this is great news in what I've felt is a bit of a lag or drought of news we can hang our hats on. [post 2 of 3....stay tuned]
11-13-2016 Newshound Guru Shredd Article: "Central Bank: the deletion of zeros in early 2017" This IS a great article and aligns/confirms the plan we've been watching regarding removing the zeros. So what does this mean? ...this means removing the large three zero notes from circulation. Now, that does not mean retiring them...they are legal tender. ...they just recently released the 50k and 100k notes. So, this is an effort to reduce the large note count in circulation. This will also encourage usage of the electronic banking structure that has been in construction for the past few years...balance protection, rate lock windows, etc. ...you will start seeing evidence of the reduction of US Dollar in Iraq. [post 1 of 3....stay tuned]
11-13-2016 Newshound Guru tlm724 Article: "Central Bank: the deletion of zeros in early 2017" I am loving seeing this back in the news... BL [Guru Bondlady] always said it's VERY good when they are talking about it! I have great hope for the new year. Shabs always said he needed stability and with the ongoing offensive in Mosul there will be stability in all of Iraq in a matter of months. There was a great article today about the CBI and the US Treasury. Article: "Central Bank of Iraq signed an agreement with the US Treasury to stop funding the organization Daesh" It reinforces our belief in this investment and that Iraq does have so much help! Lets...stay the course, better days are coming for sure.
11-13-206 Newshound Guru Breitling Question “We all know we can buy dinar from specific traders but when people say, “when will Iraq become Internationally tradeable.” what that really means is when can we go to our local bank and buy and sell dinar? It’s still treated as an exotic currency.” Look at all the currencies out there that are in the same range as the Iraqi Dinar…some you can buy and some you can’t. So that depends on the bank. There is no international law. When there were banks selling the Iraqi Dinar there was only a couple of them. For them to get the dinar. Order it. and be able to get it to their banks and give it to you…they are not making enough money. It disrupts business...Like Bank of America and these banks...I remember from one of the Bank of America employees that’s way up there…and so we talked about it. Basically he said they stopped selling dinar because it disrupted business. You had little old ladies calling every day asking “did the dinar revalue.” every single day. It just came up on them…this huge huge hype built into it and they simply had to shut it down. All the banks finally did it cause it was that big of a deal. That hype is gone by the way. It simply doesn’t exist. You can’t use that as a benchmark at all. It doesn’t matter if Bank of America sells it or Chase Bank it simple does not matter.
11-13-2016 Newshound/Intel Guru BGG Article quote: "The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency." "...the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." This is really the only article that matters..."begins it's first steps..." ...which implies they are on this "1st Q 2017" or before...and make it a competitor to foreign currencies..." Boom. "...the beginning of 2017..." as per their phrasing - is like, 49 days away? I think I can hang in there for that much.
11-13-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Maybe 2017 is the year that Iraq starts the process, I'm looking forward to seeing Iraq get rid of the MCP, remove all exchange restrictions and accept Article VIII with the IMF. If they do that in 2017, you'll know the process has begun. If they don't, you'll know this is just another article from a proxy CBI governor designed to placate the masses... just my opinion.
11-12-2016 Intel Guru SteveI Article: "Parliament plans to enact a law to guarantee bank deposits" Quote: "Finance Committee in the House of Representatives unveiled on Wednesday its intention to legislation of a special law to guarantee depositors' money in Iraqi banks, while confirming that it will contribute to "boost confidence in the banking sector." This is extremely important as it will give the citizens confidence in the banking system and to actually use it instead of putting their dinars under their pillows. I love this article.
11-12-2016 Intel/Newshound Guru Mnt Goat So what happened to the Iraqi 2017 budget this week? Article quote: "The House of Representatives on Wednesday 11/9 ended the second reading of the budget in 2017, while its lift to the 26th of the current month...“moving the budget to the 26th of this month." I will add that there are aspects in the budget that will move Iraq in a monumental leap forward and still there are political constituents who do not want this to happen and so they resist, as shown in Wednesday’s parliamentary discussion. But I feel they will eventually prevail and the budget will get passed before the end of the month. It is already late. The BIG question is - did they include the “Project to Delete the Zeros” in the budget? We know for a fact they told us they have to include it if they are going to execute that year. We know they did include HCL, money for very large defense expenditures and other needed reforms we are looking for.
11-12-2016 Intel/Newshound Guru Backdoc ...IRAN IS WORKING ITS WAY TOWARD A ONE PAYMENT SYSTEM BY MARCH 20th LIKE THEY SAID. THEY ARE PULLING IN THE PAPER AND PREPARING THE WAY FOR THE DIGITAL NEW REALITY. BY DECEMBER THEY WILL BE RELEASING THEIR NEW DIGITAL PLASTIC POSSIBLY? HOW DOES THIS TIMING COMPARE TO IRAQS RIGHT NOW? ITS SHIA BROTHER (Iraq) WILL BE ON THE SAME PATH AS WE SEE THEY ARE BRINGING FORTH CHANGES AS WELL AS WE SEE THEIR ZEROS DROPPED. I EXPECT TO SEE CONTRACTS BEING USED TO REPAIR AND RESTORE BOTH OF THESE CURRENCIES INTO THE NEW DIGITAL REALITY WHICH BOTH ARE HEADED.
11-12-2016 Intel Guru SteveI Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "...the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country's economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." Now I am getting very encouraged and starting to get excited. It is finally coming our way. [...do you feel or are you hearing we will need to wait until 2017 or could it just be any day after they liberate Mosul?] I think early 2017 seem to be what many are talking about.
11-12-2016 Newshound Guru Islandg1211 Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "Deletion of zeros from the Iraqi currency, will be implemented in early 2017, according to the Keywords [Allek], the central bank governor, noting that the bank began to develop the first steps of the project." Here's another article stating that he is starting the RV process in 2017, which coordinates with removing ISIS from Mosul within the next couple of months. In addition to this article, which was the 6TH ARTICLE IN A WEEK, and the Iraqi news TV is also announcing it. We have been through this a few times before where the CBI peppers the news media with their plan to RV. Their plan was always stopped by Maliki/Iran and then ISIS. Hopefully, now, with Abadi in and Maliki out, US troops back in and ISIS gone, and the Iran Deal and sanctions lifted, the CBI can finally complete their monetary reform in 2017.
11-12-2016 Newshound Guru Breitling Article “Central Bank, the deletion of the zeros in early 2017”. We’ll let the date from the CBI speak for itself…point 1 “ The Iraqi dinar with global currency basket and handle it efficiently the worlds stock exchanges and financial markets.” So they basically want to add value to it so it can be used in currency baskets all over the planet…but it has to have value. So that’s what they want to add in early 2017. 2. they want to equalize currencies. That’s what they want to do. There are two things on the list they want to do. They are going to get rid of the auction floor. Because that’s actually the mechanism to bring in foreign currency to actually make it fit to where it actually reduces the value of the Iraqi dinar. And they are going to reduce the notes coming ... So basically they are getting rid of two of the main things. That’s it. like I said they already reduced the note count to a point where they can actually add value to it. That’s what’s coming out and that’s why it should be so exciting. I gave you guys a date. Not an exact date but a date they are looking at and what’s going on.
11-12-2016 Newshound Guru MadDScout [I just...just saw a comment that a budget will be read a third time? I thought anything that has to do with moving forward with reforms only has to be two time before passing.] The 3rd read is the final read/vote. [Is the passing of the budget a must, to establish a change in the revalue?] After the budget comes out it can be adjusted...Whether before or after. [reference Guru MadDScout post 11-11-2016]
11-12-2016 Intel Guru ADMINBILL THERE HAVE BEEN SEVERAL INCOMING MESSAGES FROM GOOD SOURCES THAT INDICATE THAT MUCH HAS HAPPENED AND MUCH MORE IS HAPPENING THAT MAY BRING THIS TO CONCLUSION VERY SOON. "VERY SOON" MEANS WE ARE IN A SPOT. ALSO SOURCE CONFIRMED WITH PERSONAL CONTACT IN IRAQ THAT THE LOWER DENOMINATIONS (5-10-25) HAVE BEEN DISTRIBUTED. PROGRESS IS BEING MADE.
11-11-2016 Intel Guru Frank26 Article quote: "Allak Disclosed the CBI will Announce the Names of the Banks According to the International Classification Using Global Assessment Companies Working On the Evaluation of These Banks” Keyword (CBI governor) is telling all of their banks we are currently classified all of you according to the international classifications very soon...why in the world would you now set these banks up now that you have most of Mosul secured..why would you be setting them up to be doing international work...and to prepare themselves for an influx of lots of currencies...because they are doing a MR of their currency. They have no liquidity...and the LD’s will solve that problem once they raise the value of their currency….and their currency that they will introduce at the beginning of next year will be legal and tender for 10 years and more than likely forever….but none of this can happen unless they raise the value of their currency in this year of 2016…IMO.
11-11-2016 Intel/Newshound Guru Mnt Goat ...emphasis for us is still on the progress of retaking Mosul. The question now is - what will happen to region once Mosul is taken back? Will there be yet another void to be filled? We also know we are moving much closer to currency reform and we see it daily in all the news. Be patient if just for a little while longer...its coming...
11-11-2016 Newshound Guru MadDScout [Why is the GOI waiting until the 26th to dicuss the Budget law?] They appear to have taken a recess till then and in the meantime they are working on the details. When it comes back it will be the 3rd read.
11-11-2016 Intel/Newshound Guru Backdoc Article: "Is it time for a national settlement in Iraq?" Quote: "...a national settlement that would result in a historical Iraqi reconciliation...rallying support for the process of national reconciliation and pushing this initiative forward locally, regionally and internationally." AFTER CLEARING OUT CORRUPTION TRUE RECONCILIATION WILL NOW BE POSSIBLE AND THESE AGREEMENTS WILL BE ENFORCED BY THE UN! YIPPIE! ...IMO.
11-11-2016 Intel Guru Hub i only go on economic principle...the facts i go on is for iraq to return to the height of their hayday, 50's, 60's 70's etc, they have to be in the middle of global trade and tourism, and to do so...they must have a tradable currency, or no one will do business with them... rate? i dont have the foggiest, but it must be one all countries want to trade for, it must show the value of the resources of the country and must be the acceptable currency for that particular inenity. so as soon as they put a reasonable value, the world will beat their door down and all will be well.
11-11-2016 Newshound Guru 1bobby Article: "More than half a million visitors to the Baghdad International Fair" Quote: "...this number of visitors is an important milestone in the ministry's ability to attract citizens to visit the Baghdad International Fair and see the offers from companies and countries." Lots of business was done at this 10 day fair. Pretty much opened Iraq to outside investment possibilities.
11-11-2016 Intel Guru Delta Late Thursday Night...JUST IN FROM IRAQI TV: CBI BEGINS THE PROCESS of deleting zeros...CODE RED...
11-11-2016 Intel Guru RayRen98 The CBI recently announced that a list of all banks that are classified international will soon be released. It is believed that this is a part of the banking reforms. It has been reported that the CBI announced loans of a trillion dinar to local banks for growth of the economic sector. Iraqi TV is reporting that citizens confidence levels are rising as some are bringing in their dinar for exchanging. New banking reforms are announced and Alac is pushing the deletion of zeros for 1st quarter of 2017. They are stating that Parliament is on break until November 26 (however, the last time they were on a "break" the important work continued). We shall see...whatever will be....in due time...
11-11-2016 Newshound Guru Breitling When I read this [article] it was a remarkable piece. It basically confirms what I’ve been telling everybody…that they have been pumping in U.S. Dollars to keep the value of the dinar low and that they are going to stop and that is what the articles coming out are about. There’s a radical change today. You know why? It’s because they are reducing the dollar. They’ve already reduced the note count. How much more do they need to go? I don’t know. But it doesn’t matter for us…for you and me they can start adding value. Remember to get to a billion notes is for $3.25 so we have all that wiggle room below $3.25 to $1.17 and on down below that.
11-11-2016 Intel Guru Frank26 ...they are in the last final stages of collecting the 000’s...they need to hit a certain percentage point of their currency of their M1, M2, M3 figures...in order for them to raise the value of their currency in 2016...they need to be accounted for. The project to lift the 000’s is old news...it has been going on for a long time...for years...but IMO this is...the end of this project...increase the value of your currency once you know these numbers and then introduce the LD’s at the beginning of 2017. I’m excited that their Monetary Reform is in an RI right now in 2016...and in order for them to accomplish what articles...are telling us in 2017 can only be done if they raise the value of their currency... [post 2 of 2]
11-11-2016 Intel Guru Frank26 IMO they are down to the wire in collecting the 000’s...IMO the CBI is looking for a specific amount to get into their inventory numbers...they know how many dinars they printed...they know how many dinars were stolen...they know how many dinars were counterfeited...they know how many dinars were blown up...but they don’t know how many dinars were hidden by the citizens...they need to know exactly what is out there with the citizens... and the CBI is doing a seminar with the heads of Iraq to teach them the difference between counterfeit currency and real currency...the citizens know what is going on...and I believe the citizens are going to bring in their dinars...they need to know about their M1, M2, M3, M0 figures...before they can add value to their currency...that would help them to determine what value they want...this is all part of the MR... [post 1 of 2....stay tuned]
11-10-2016 Newshound Guru rcookie Article: "Central Bank attempts to reopen the subfolder Arbil with new look" Quote: "...the Central Bank Governor on the relationship during his visit to Kurdistan region about two weeks ago and met with leaders of political and financial territory and agree to open a subsidiary Bank but a new suit". SO...AS WE SEE THE CBI ERBIL CBI ANNEX WAS CLOSED FOR 3 YEARS...AND IS NOW REOPENING ...
11-10-2016 Intel Guru Frank26 IMO...they are going about the MR and the reinstatement of their currency to add value to their currency in 2016 in order to be ready for 2017...the budget...and introducing the LD’s...and the coins... because this is what the IMF has told them...this is their agreement...and this is what they have been doing...the board of directors of the IMF have IMO given them permission to receive this second loan because they have read everything that was presented to them...IMO...the CBI has to raise the value in 2016 in order for 2017 to have any reality...you cannot implement the project of lifting the value of your currency by lifting the 000’s of the IQD without increasing the value first...
11-10-2016 Intel Guru Dr. Clarke "THIS JUST IN - UPDATE"...We have a Very Very Very strong Belief, that Iraq will substantially raise the value of their Dinar, and make it Officially International and Exchangeable, sometime between NOW - November 10, 2016 and December 1, 2016. We give this a 98% probability of happening as we just described, within the time period we just gave...we're VERY excited right now, and...this just concerning IRAQ and their Dinar currency. The VN Dong, is still ready to move at Any Moment, but...it's dependent on the official ending announcement of ISIS in Iraq & Syria...which at this time, is anybody's guess. It could possibly ALL happen within the time frame above...but in regards to the Iraq Dinar, we're pointing to it, like never before, within the dates listed above.
11-10-2016 Intel Guru SteveI [...if the project begins in 2017, does the RV happen at the time it begins or after?] My understanding is that they will change the value of the IQD prior to introducing the new lower bills. Think about it, if you kept the rate the same why in the world would someone turn in one 25,000 note and now have to carry 1000 notes and end up with the same value.
11-10-2016 Intel/Newshound Guru Backdoc BUDGET PASSED, BONDS BEING SOLD, SALARIES BEING PAID DIGITALLY, COUNTRY TO COUNTRY DEALS STARTING TO ACTIVATE THE PRIVATE SECTOR IS LIKE A BUTTERFLY IN METAMORPHIS. THINK OF THIS FINAL STAGE AS THE BUTTERFLY DRYING ITS WINGS PREPARING FOR FLIGHT! SOON ITS WINGS WILL BE DRY AND IT WILL TAKE FLIGHT WITH A FEW OTHERS.
11-10-2016 Intel Guru ADMINBILL TODAY IS THE 10TH AND IT IS THE DAY THAT WAS SUGGESTED THAT WOULD SEE THE FINAL END TO OUR MAGICAL MYSTERY TOUR. I HAVE HEARD NOTHING SOLID TODAY AND DO NOT EXPECT ANYTHING DRAMATIC. I DO EXPECT TO HEAR CLARIFICATION OF WHERE WE STAND LATER TODAY AS TO WHETHER OR NOT WE SHOULD EXPECT TO HEAR OF MOVEMENT SOON OR TO EXPECT FURTHER DELAYS.
11-10-2016 Intel/Newshound Guru Hub Article: "CENTRAL BANK: THE DELETION OF ZEROS IN EARLY 2017" Quote: "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project." ...a thought, they are about to change the value of a 25,000 note from $22 to maybe $75,000, why would they say we are going to do this is 2017 so every tom, dick and harry can go buy some more...i think it is a ploy and i would not be surprised to see it much quicker... [...since the CBI indicating the dropping of the 3 zeros in early 2017, does that mean that based on this article we wouldn't see a change until then or would they have to begin the rate change part of the process sooner...?] in my own humble opinion, i think they would have to implement the change before dropping the zeros which is really bring out lower denoms and getting the big notes off the street.
11-10-2016 Intel/Newshound Guru Backdoc I AM LOOKING AT A WINDOW IN WHICH WE MIGHT SEE THAT NEW ASSET-BACKED DIGITAL PLATFORM SHOW UP; MARCH 21ST UNTIL MAY 4TH. THE NEW FISCAL YEAR FOR THE IMF IS MAY 5TH AND I BELIEVE THEY WANT THIS DONE PRIOR TO THAT! TIME WILL PROVE THIS RIGHT OR WRONG, BUT THE ARTICLES SEEM TO LEAD US TO THESE CONCLUSIONS PRESENTLY. I HOPE IT SHOWS UP SOONER BECAUSE I WOULD LOVE TO BE WRONG ON THIS ONE! I HAVE NEVER BEEN MORE ENCOURAGED IN THIS PROCESS! THE ACTIONS TELL THE STORY AND I LIKE WHAT I SEE! [post 2 of 2]
11-10-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) ARE USING A TWO PAYMENT SYSTEM UNTIL MARCH 20TH! ...IMO. [...does this mean that you think Iraq will wait on Iran? I don't think they can use a two payment system when they go international.] CORRECT, THEY WILL GO TOGETHER OR WITHIN HOURS! REMEMBER THE DEAL? THERE WOULD BE DAMAGE DONE TO THE CURRENCIES BY DOUBLE DIPPING AND THE IMF WILL NOT LET THAT HAPPEN! THE VND WILL WAIT AS WELL AS OTHERS! THEY SAID THEIR TWO PAYMENT SYSTEM WOULD BECOME ONE AFTER MARCH 20TH! WE HAVE SEEN THIS PLAY OUT TO THE TEE SO FAR. THEY ARE DOING DEAL AFTER DEAL, COUNTRY TO COUNTRY, SINCE THE IMF HAS HELPED THEM RECONNECT TO GLOBAL BANKING! [post 1 of 2....stay tuned]
11-9-2016 Newshound Guru rcookie Article quote: "Chief financial officer at the US Embassy in Iraq, John Sullivan has praised the efforts of Iraq in the reform of the central bank, which confirmed that the bank «completed within a year more than what has been accomplished in the past 13 years." ...WHICH IS WHY THE CBI IS GETTING RAVE REVIEWS FROM IMF AND UST...AND THE TRANSPARENT CRITIQUE FROM POLITICAL AND MEDIA SOURCES SO TRANSPARENT AND SUSPECT... ...CBI REFORMING BANKING SECTOR...AND THE UST AND IMF LAUDING THEIR RESULTS WITH CLAIMS THAT THEY HAVE DONE MORE IN THE LAST YEAR...THAN THE PAST 13 YEARS COMBINED...THIS IS CRITICALLY IMPORTANT STUFF...
11-9-2016 Newshound Guru mike I'm disappointed in Iraq, especially now that Abadi's in charge. Maliki was a great excuse for all the violence, sectarianism, corruption and bad policies, but when Abadi came in he promised to get rid of all that and move the country forward economically. That hasn't happened. Instead, it's more of the same...This country could do so much better if the leadership would allow it to happen. ...in the face of complete ignorance and chaos I still have hope the dinar will increase in value. What I don't believe is that someone is going to wave a magic wand or push "the button" and make this happen. So, when I hear someone say that the dinar will increase in value without satisfying the requirements of the IMF and WB, I say nuts. I don't believe it will happen until they do what they're supposed to.
11-9-2016 Newshound Guru rcookie Article: "The central bank re - opening of branches in Arbil, Sulaymaniyah and linked officially" SO IN ADDITION TO OPENING NEW CBI BRANCH IN NAJAF FOR MIDDLE EUPHRATES REGION... HERE THEY ARE ANNOUNCING THE RE-OPENING OF ERBIL AND SULAYMANIYAH BRANCHES AND OFFICIAL RE-LINKING WITH ALL BRANCHES... [It almost like they are getting ready for something.] YES THEY ARE...AGREED...AND THE UST RIGHT THERE TO MAKE SURE THE I'S ARE DOTTED...T'S CROSSED...
11-9-2016 Newshound Guru FrostyTheSnowman IMO...there is WAAAAAYYY too much progress going on right now...the EVIDENCE / CONFIDENCE / SECURITY / DEMANDS / ACTION ... the PROGRESS has been HUGE!!!
11-9-2016 Newshound Guru Breitling There are some significant articles coming out of Iraq about the revaluation of their currency and I’m still digging in to find out who is saying this and what event they are saying it at. And make sure they are just not quotes. Here’s the thing…it’s coming down the road. You should be very happy, you really should. You should have confidence in this. You should have confidence in what the CBI states… Who’s managing this? the CBI. Who gave them their orders? Ministry of Planning and the Ministry of Finance, parliament. that’s it. That’s what you and I do…we follow that. Making sure that what they said there is actually accountability behind it…like the note count…hello! It’s that simple. You should be very very excited. I know people have been waiting for this to happen for a long time and it kind of dulled your senses. You went on the roller coaster ride. But this is more reality than all the bad information you got. Or the hype you were given. Or all the incorrect stuff you were told. You should be more excited about the reality of this.
11-9-2016 Intel Guru Bruce What we waiting for? Everything is basically complete. What we are looking for is when the lower denominations are completely out for the whole country. That is the next step. The lower denominations, 100 and less are about to be seminated in Iraq 2 hours after the morning prayers in Iraq tomorrow [Wednesday]. They will be put out throughout the whole country. There is a bond offering that started Saturday at noon...Last night these bonds were available to be actually to be purchased. It is important for these sales to take place for equity of these lower denominations coming out a couple hours after Morning Prayer. Also these bond transactions are elevating the rate of the Iraqi dinar. The rates are higher than we thought. That is where we are in terms of the process. The Intel as such is looking at reasonable conclusion without us calling it very shortly based on that information.
11-8-2016 Newshound Guru rcookie Article: "Masum planning calls for a general census of population" ANYONE KNOW WHY...A GENERAL CENSUS IS SO IMPORTANT...ANYONE KNOW HOW TO SPELL HCL...TO HEAR MASUM ACTUALLY CALLING FOR GENERAL CENSUS...WOW!
11-8-2016 Newshound Guru mike Article VIII is the key, they won't be able to reduce the money supply and create demand unless the currency is internationally recognized, if they just jump off the peg now I'm concerned that the dinar will drop significantly in value. It will marry up the market and official rates, but at extreme cost to the citizens by increasing inflation and reducing purchasing power. So, if they start the process in 2017, when will they accept Article VIII? We know the MCP has to hold for at least 90 days at 2% or less so that puts us roughly in April or May, at the very earliest. Then they accept Article VIII and begin to rebuild the economy and the currency and the dinar slowly begins to appreciate while the money supply decreases, I'm wondering how long that would take? By all estimates, the Iraqi's are talking about a two year process once it's begun, so for me, this puts it out a good bit. I guess the good news is that they'll actually begin the process in 2017...
11-8-2016 Newshound Guru rcookie SOMEONE ASKED ABOUT WTO ACCESSION PROGRESS AND STATUS... THEY ARE PREPARING A SPECIALIZED LEGAL TEAM TO DEFEND IRAQS FINANCIAL, ECONOMIC AND INVESTMENT RIGHTS INTERESTS IN LAWSUITS WHOSE COSTS CAN WEIGH HEAVILY AGAINST BUDGET AND WILL MINIMIZE SPENDING ON INT'L LAW FIRMS THAT IRAQI IS CURRENTLY SPENDING... ESTABLISHMENT OF ARAB UNION OF INTERNATIONAL ARBITRATION HEADQUARTERS IN BAGHDAD...A SPECIALIZED LEGAL TEAM TO REPRESENT IRAQS INTERESTS ON INTERNATIONAL TRADE AND BUSINESS... THINK ABOUT THIS RELATIVE TO ONE OF THE BIGGEST ISSUES INVOLVED WITH WTO ACCESSION...CONFLICT AND DISPUTE RESOLUTION BETWEEN TRADE NATIONS...AND IS OFFICIALLY REGISTERED WITH THE UNITED NATIONS...ANYONE NOT SEE THE POWER AND SIGNIFICANCE OF THIS MOVE TO THE INTERNATIONAL INVESTMENT COMMUNITY... AND WTO AND IMF....
11-8-2016 Newshound Guru Enorrste Article: "Central Bank: the deletion of zeros in early 2017" The following quote adds some fuel to our story: "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market." We see from this...that this precludes any LOP discussion. But more importantly there are the words "dynamics and mechanics" which clearly make this an ongoing process rather than an event. The key is the last phrase referencing maintaining the liquidity in the market. What makes this a particularly challenging process is that they are going to be reducing the money supply, which would normally reduce liquidity, but will be doing so only as the VALUE of the dinar rises, which will offset the reduction in liquidity. I can understand why they have been hesitant to begin the process. It hasn't ever been done before, that I am aware of. Usually a currency loses value due to inflation. In this case, however, the expectation is that it will gain in value. What they cannot afford is to have 50 trillion dinars out there if the value skyrockets upward. So I understand there caution.
11-8-2016 Intel Guru Frank26 Are we at the end of the road of the MR? I tried to tell you...that there is a Transitional Rate with the IQD. Prior to that we had talked about the RI (Reinstatement) – which there are many steps inside of it, not just one. All steps have to come to a conclusion...a closure. One of those steps is the take the IQD and to start using it Internationally...(Article 8)...with or without them telling you about it. ...articles start to appear...1, 2, 3...then 4...and now 5. All coming from the CBI...all talking about lifting the 3 zeros. IMO – there are agencies with the authority to do private things with the government of Iraq – with their currency...at a rate that we cannot see. Every bank in Iraq has the word INTERNATIONAL plastered on their lapel.
11-8-2016 Newshound Guru Breitling Question: [The CBI says they’re raising the dinar against the dollar but I really don’t understand the wording...are they allowing it to float?] Up until a $1.17 it’s going to be a dirty float. These guys are manipulating everything…again what are they using? There using the US dollar to pin against the dinar. They’re using the volume of dinar that are out there. And they’re using the auction floor…throwing the word float out there I don’t think it’s proper. But once they start staging it there will be more and more and more of a float. There will be more of a market driven value. That’s why they’re staging it like that. The CBI is hell bent…they are telling everybody. There are articles that came out [that I want to get more info on them…where they came from…what events were they talking at] but they are remarkable articles about the value of the dinar changing. But it’s no secret. Even without that information those type of articles coming out if you can’t see it coming you’re just not looking hard enough…
11-8-2016 Newshound/Intel Guru BGG [So what is your take on this latest "Upgrading of the Iraqi Currency" rash of articles?] ...even though this is likely a "second circle" commenter...it sure is nice to hear someone in that sphere talking (affirmation) along these lines... AND this isn't "confirming" anything HAS happened... but still adds another log on the "fire" - so to speak...and this speaks to the very heart of the matter for many people... "IS THIS REAL"? ...after all this FBI intervention... had this NOT BEEN REAL - there is NO DOUBT they would have been able to attack the veracity of this - as an investment around that time. Having had (more than one) FTF interactions with the FBI - NOT ONCE did they do this... NOT ONCE did they attack the veracity of the currency as a "holding" or investment. AND...I (even for myself) go back to the FOUNDATIONAL DOCUMENTS as my "proofs" for my thesis... The SIGR Report...The LOI's...All of the IMF Documents. The EVIDENCE MOUNTS DAILY. "Affirmation"...
11-8-2016 Intel/Newshound Guru Mnt Goat Does this mean they can’t implement their current agreement? No! Of course they can continue on the path of reconciliation and get the HCL implemented, however I fully expect that once the budget is passed we will then see the Hydrogen Carbon Law (HCL) also come before parliament and also passed very soon afterwards. It is important to the RV because I have been told many times the USA needs the oil revenue shared with the citizens and the benefits realized by the citizens or they will not sign off on the RV. ...it makes total sense to me and goes back to the GW Bush administration policy and mandates. This is what my contact has told me...Let’s wait and see. [post 2 of 2]
11-8-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is still the progress of retaking Mosul and then moving towards currency reform. We see also in today’s news that the HCL is being implemented and in the budget for 2017. Article Quote: "...the federal government and Kurdish implementation of the terms of agreement between them in the budgets of previous years, the oil agreement, as revealed included the Agreement itself in the budget of 2017..." WOW! The budget is expected to be approved last weekend. Still awaiting news of its passing. These are all very important issues that must be resolved. Does this mean HCL is done? Personally I still know that the PTB want legislation passed in parliament on the agreement and we still have not seen this done. [post 1 of 2....stay tuned]
11-7-2016 Intel Guru ADMINBILL NEWS FROM AOP (Authors of the Plan) YESTERDAY WAS SIMPLY THAT WE REMAIN ON TRACK WITH THE STANDARD BUMPS IN THE ROAD THAT MOVE IT OUT OR CONTINUE THE CONFUSION. SEVERAL REPORTS SATURDAY AND YESTERDAY THAT WE WOULD SEE THIS THEN OR TODAY...
11-7-2016 Intel Guru RayRen98 Things "popping" in Iraq. Lower denom's expected to be on the streets and in the hands of citizens sometime this week...Budget: Saturday was the 2nd reading and the third reading is to take place today. CBI: to get some adjustments today from the IMF regarding banking laws. All banks are synced and ready to go to International standards. Rates: DINAR...still thinking it will come out at around $3.71. Everything sounds good.
11-7-2016 Intel/Newshound Guru Backdoc Article quote: "Prime Minister Haider al - Abadi, make a gift to the first commander of the force raise the Iraqi flag over the city of Mosul , a declaration of liberation from Daesh terrorist gangs." GOOD CALL FRANKIE [GURU FRANK26]! JUST LIKE YOU SAID MY FRIEND! ACTIONS MEAN THINGS DON'T THEY? COMPLETION ON THE 7TH!
11-7-2016 Newshound Guru Enorrste The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII. If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster. Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply. They are clearly on record that they want the money supply to be brought down to 40 billion dinars. They just have to have a mechanism to make this happen without too much of a jolt internally. And, of course, they have to START. I believe the article is saying that they have made a determination that the start will happen in early 2017. [post 2 of 2]
11-7-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency " [Guru] Mike, I tend to agree with you that entry into Article VIII is a necessary prerequisite. I doubt any serious investors in dinars would play in the dinar market without some form of level playing field that is offered through Article VIII. The market spread situation can be corrected by floating the currency. An announcement that the currency would be allowed to float would automatically make the official rate and the street rate identical. Furthermore, the plan is clearly stated to reduce the money supply from 50 trillion dinars to 40 billion dinars. They just haven't started the process yet. It is my take that the article ...is saying that this process will begin in early 2017. [reference Guru mike post 11-7-2016] [post 1 of 2....stay tuned]
11-7-2016 Newshound/Intel Guru BGG Article: "Central bank governor for "tomorrow Press": aspire to get foreign Sndhatna international guarantees" Quote: "...The governor of the Iraqi Central Bank on the Keywords, on Sunday, that the bank is trying to get international guarantees for foreign bonds..." One would have to assume this is a foregone conclusion...all of this IMF support is about "international acceptance".
11-7-2016 Newshound Guru Breitling ...They didn’t want to revalue while in Article 7 because they wanted all the restrictions lifted and that was it…there are a lot of people I know who are in American politics still around and they are still sitting on their seat. It was supposed to revalue. At what rate at what price we don’t know but they blew it off for whatever reasons. In hindsight if you look at what troubles came into the Middle East and how things were staged…they made the right decision. now it sucks for you and me because we want the money right? But for them they made the correct decision. If they pulled that trigger and all of a sudden because of the drama that is going on in that arena it went backwards…they probably would not have been able to recover from it. So they correctly avoided it.
11-7-2016 Newshound Guru mike Article: "Learn the benefits of removing zeros from the Iraqi currency" Bottom line, Iraq needs Article VIII compliance before the value will rise, the market spread is proving there's no demand for the dinar right now, in it's current state. ...it's going to take a while before you can begin to delete the zero's to begin with. So, if they start in 2017, when will the dinar be worth a dime? Secure the borders, pass the banking legislation, create an open market economy, remove exchange restrictions and reduce the MCP, then we'll see an increase in the dinar. If anything, the past has proven to us over and over there are no short cuts, the IMF isn't going to give a pass to the sixth most corrupt nation on the planet.
11-7-2016 Newshound/Intel Guru BGG ...the auctions have been a conduit of funds being used for nefarious purposes. [THEY ARE SHEDDING LIGHT ON THE 2ND SIDE OF THE WAR ON TERRORISM WHICH IS THE FINANCIAL AND ECONOMIC SIDE WHICH SUPPORTS THE TERRORISTIC ACTIVITIES...] They have been likely waging this side of the conflict for longer, with greater veracity than anyone is aware of...Mosul is getting all the headlines - but the financial side has been "fast and furious" for sometime now...Huge steps forward allowing the UST offices IN THE CBI.
11-6-2016 Newshound Guru Enorrste Finally, the statement is made that the dinar will takes its place in a "basket of currencies" that contribute to the "vital world exchanges." At present the only currencies that hold this sort of recognition are the dollar, Canadian and Australian dollar, pound, euro, and a few others. By making this bold statement, therefore, the author is re-iterating what we found from Saleh years ago namely that the dinar is going to become a world reserve currency. The only way in which the dinar can take this position is if it is internationally recognized, if Iraq is a part of Article VIII of the IMF Charter, if the value of the dinar is commensurate with that of the world's reserve currencys (worth about a dollar American, more or less), and is supported by reserves that PROVE that it is a strong currency. The current reserves of $40 billion are sufficient to make the currency the strongest in the world at $1 per dinar. Unlike the US, they won't need "the full faith and credit of Iraq" to support their currency. However, in addition to the highest relative reserves, Iraq also has the second highest known reserves of underground wealth in the world. Therefore it is well positioned to take its place as a world reserve currency as long as they stick to the plan. The bottom line for me is that this article, even if it is repeating a plan elaborated over a year ago, is more specific and continues the timeline from that earlier article. 2017 would appear to be the year when this will all truly begin to move forward. Keep your fingers crossed! [post 3 of 3]
11-6-2016 Newshound Guru Enorrste KAP [Guru Kaperoni] has rightly stated...that a minimum of $.10 for the value of the dinar would make it possible to begin removing the three zero notes. This means that we must look for a minimum of a 100 times increase in the value of the dinar sometime during the coming year. Second, the purpose is specifically stated to "support" the dinar and to make it a "competitor in world markets." At this point the dinar is not internationally recognized or tradable. Both of these factors must be eliminated for point number 2 to come to fruition. The only way in which they can "support" the dinar (in terms of value) and make it "competitive" in the world markets is to allow it to float and to rise to the point where the "support" and "competitive" value become real factors. I therefore expect to see the float start shortly after the new year. Third, this move will "serve the Iraqi economy." Clearly a move to a float and an internationally recognized currency will cause imports prices to fall quickly and allow for imports into Iraq more easily. This would, then, be consistent with point number 3 that the plan will "serve the Iraqi economy." [post 2 of 3....stay tuned]
11-6-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency" I think it is time to start getting excited, again. The first thing that I noticed in this article is the follow quite specific statement: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges." There are four things to note here: (1) the large notes wil begin tol be deleted "beginning in 2017"; (2) the purpose is to make the dinar stronger (note the word "support" and the phrase "competitor of foreign currency"; and (3) this will "serve the Iraqi economy"; and (4) the dinar will take its place in the basket of currencies in the "vital world exchanges." Let's look at these one at a time. [First] The large notes will be deleted. This cannot be a LOP because a LOP would not change the value of the dinar, and the other three points above make it clear that the dinar will rise in value. Therefore, there is only one way that the large notes can be removed from the market place without destroying the fragile liquidity that exists in Iraq already: the value must rise enough to make it feasible to remove the large notes. [post 1 of 3....stay tuned]
11-6-2016 Intel Guru ADMINBILL ANOTHER WEEKEND IS ABOUT TO PASS US BY WITH NO RV. BUT...I CONTINUE TO BE TOLD IT IS ON THE WAY... [Isn't "now" also the timeframe that the authors of the plan had spoken of?] THAT WAS MY UNDERSTANDING BUT CIRCUMSTANCES CAN CHANGE FROM WHAT I AM TOLD. HANG IN THERE EVERYONE.
11-6-2016 Newshound Guru rcookie THE FIGHT AND PROGRESS AGAINST CORRUPTION HAS BEEN ONGOING SINCE ABADI TOOK OFFICE....BUT THESE ARE INTENSE STEPS AND COOPERATION BY CBI AND WASHINGTON TO CONFRONT AND ADDRESS THE AUCTION BREACHES...WHILE SIMULTANEOUSLY SETTING UP THE NEW ANTI CORRUPTION AML ANTI TERRORISM DEPARTMENT WITHIN THE CBI TO BE COMPLIANT WITH IMF MANDATES...AWESOME PROGRESS... [post 2 of 2]
11-6-2016 Newshound Guru rcookie Article: "Iraq and its allies and drying financing Daesh" Quote: "The Central Bank of Iraq and through close cooperation with the US side put a black list to prevent funds from reaching the territory controlled by Daesh, and has more than 150 companies today." SO...HERE WE HAVE DETAILS ON THE US TREASURY INVOLVEMENT WITH CBI...TO MONITOR USD SHIPMENTS FOR THE 1ST TIME...TO PREVENT DELIVERY OF USD TO ILLICIT DESTINATIONS...AND DESCRIBES AS TURNING POINT OF FIXING THE FAILURE OF THE AUCTIONS...AND THROUGH CLOSE COOPERATION DEVELOPED THE "BLACKLIST" OF BANKS TOTALING 150 THAT ARE NOW EXEMPT FROM AUCTION ACTIVITY... [post 1 of 2....stay tuned]
11-6-2016 Intel Guru Dr. Clarke Still Right on Schedule...Looks good for an NON-International rate increase BY around Dec. 1st, with an Official International status & Rate BY Jan. 1, 2017, when they officially begin their new fiscal year. The Dong status is the same...could increase at any moment, but it's likely to substantially increase BY Jan. 1st, as well...AND when VN begins fiscal year.
11-6-2016 Newshound Guru rcookie "Parliamentary Finance reveal: 2017 budget will include former oil agreement between Baghdad and Erbil" THE 2017 BUDGET LAW WILL INCLUDE OIL AGREEMENT BETWEEN BAGHDAD AND ERBIL...AND IMPLEMENTATION OF AGREEMENT SIMILAR AS IN PREVIOUS YEARS. EXACT SAME PARAMETERS AS 2016 BUDGET...ONLY NOW KURDS CAN EXECUTE FULLY WITH CEYHAN FULLY OPERATIONAL.
11-6-2016 Intel/Newshound Guru Mnt Goat It has been very difficult to control this corruption. Many ways have been tried. This in part has been the hold up of the launching of the new currency (the lower dinars) and going forward with the currency reform measures, as I am told by my CBI contact. As we know the CBI has already created a scarcity situation with the dinar in the process of the “project to delete the zeros”. They have told us they are ready and fully prepared to launch the lower denoms but had to postpone this effort due until the security situation in Iraq is fixed. [post 2 of 2]
11-6-2016 Intel/Newshound Guru Mnt Goat ...by the implementation of the customs and tariffs law Iraq is now able to track goods and services coming into Iraq. This is one reason why it was so imperative to get this law completed. So in following the proper customs and tariffs procedures it is a way of now matching the imports coming into Iraq to the demand for the dollar in these currency auctions at the banks. So far the demand far exceeds the imports. So where is all the extra dollars going if not to pay foreign debt? We see it is going to fund Daesh/ISIS terrorists and Iranian militia. [post 1 of 2....stay tuned]
11-5-2016 Newshound Guru Kaperoni As we get closer to the end of the year, we should see more informative dinar news if in fact the CBI is preparing to make changes to policy.
11-5-2016 Intel/Newshound Guru Mnt Goat We know they are working very closely with the IMF, World Bank and the WTO to put in place all financial and economic reforms. Why put all these reforms in place if not for a purpose. Certainly we know it is time for Iraq to move out of their “closed economy” and join the “global economy”.
11-5-2016 Newshound Guru Breitling Question: To take the dinar to international status do they have to be article VIII and no more than 2% spread for at least 90 days? They are at international status. Is there a bulletin board somewhere that says we don’t recognize the Iraqi dinar currency? What country gets to say the Iraqi dinar is a currency? You have the most powerful country that’s every existed on the planet that’s go the most powerful currency that has every existed on the planet and we’re the ones who actually produced their currency that they have right now. If you want credibility to know these guys are legit we’re the ones who set it up... Everyone in the dinar community was able to purchase the Iraqi dinar in their country so obviously there is no restriction …
11-5-2016 Newshound Guru Kaperoni Article: "Exclude" the application of a unified Gulf currency in the near term" Quote: "Confirmed economists, that put up a unified currency Lt six members of the Gulf Cooperation Council is unlikely in the long foreseeable future." More good news...for years the Middle East has talked about unifying to a single currency, which if it happened would not be good for us as we want to see Iraq with it's own strong Dinar. The statement "unlikely in the long foreseeable future" is good news for sure.
11-5-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Quote: "... the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." ...this is a good one. I know we've heard it before but at some point these guys are going to have to make the necessary changes.
11-5-2016 Newshound Guru Kaperoni Article: "Learn the benefits of removing zeros from the Iraqi currency" Quote: "...the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." Thats a good one...! High hopes and fingers crossed! We have a bit to wait yet. They need to end the war and clean out Mosul and I am sure they need to pass a few more laws. But this article for sure provides more clarity and confirmation on the plan.
11-5-2016 Intel Guru Delta [...the CBI auctions...for the last month or so have been showing numbers with discrepancy ...some of the numbers are not fully being reported...but hidden somehow?] They are not show the numbers (rate) on the spreadsheet for a while now. Something really is going on. We know they have to do it. They have no choice! They have a plan to do it...3 articles talk about it...It’s possible they are hiding it...waiting for the right timing. We are very, very close. The windows...Nov 7th or Dec 7th...if they want the money from the IMF...they have to do it! Watch and see what is going to happen.
11-4-2016 Intel/Newshound Guru tman23 This is the silent move suspected to be part of the process of lifting 3 zeros... Now in the past salary caps/budget and cuts...numbers worked out to speculating that a rate of 67 cents was in the formula...of course since then a great number of circumstances have entered the picture... The speculation today works out to 76 cents which would be on par with the Canadian Dollar and Australian Dollar... It is this 1305 number that is on the board....in the banks and at the CBI... Been waiting for this EXACT NUMBER to POST... IT was posted last night which in the opinion of "conspiracy theorists"...THE PROCESS IS ON TRACK... And it will without doubt have the 3 zeros lifted at the start of 2017... [post 2 of 2]
11-4-2016 Intel/Newshound Guru tman23 ...I posted back in April...The CBI governor said in several banking meetings inside and outside Iraq that the CBI plan was to maintain the rate of 1,305 through the end of 2016...The statement from the governor had bankers "shocked, disappointed, and not understanding the reasoning and none was provided"...BUT what is speculated is that this 1305 number has a significant role in the "numbers game" and lifting the 3 zeros... The speculation told to those who private message me is the start would have to begin at least 60 days before lifting 3 zeros... Just need to look/watch for unsuspected casual movements... Last night for the very first time in all banks across Iraq the rate posted 1,305... ...the rate fluctuates...it has been 1280, 1285, 1290, 1295, 1300, 1310... But NOT 1305 AND IT HAS posted the 60 days prior to the New Year that was the speculated timeline thought to see 1305... [post 1 of 2....stay tuned]
11-4-2016 Newshound Guru Breitling I don’t believe for one second that you and I will wake up and the very next day it will be a $1.17. They’ll stage it but it will go up and that’s the point. They’ve been telling everybody for years. What are the 3 main things we have to look for to make sure this thing is staged correctly? We watch the note count. We watch the competition within the country with what the dinar is competing against…the U.S. dollar mainly. And the auction floor. And it’s all coming full circle. They’ll be able to add value to their currency. They’ll stage it correctly they’ll be able to participate on the planet. So whatever they are not making in oil they can invest in other business on the planet. That’s how they’ll benefit from it. [Post 2 of 2 ]
11-4-2016 Intel Guru Delta The CBI tried for so many years to control the market rate...but couldn’t. It’s impossible because the USD is so dominate in Iraq. They have to make the IQD very effective and give it the power of purchase. Even when Shabibi was in charge, he couldn’t control it. We all know what the IMF has the right to do. This was the plan from a long time ago.
11-4-2016 Newshound Guru MadDscout [Is Iraq currently in Article 8?] They are working within art 8 but are not fully compliant. [Is the spread part of the problem?] They seem to have a handle on the spread. It is a matter of putting new banking laws into effect across the board which was talked about in a speech at the International Fair held in Iraq.
11-4-2016 Newshound Guru Breitling Iraq has oil...that’s it. So if they’re not making money on the oil they have to get it from somewhere else…right now they are in a restructuring stage. I get asked all the time, "when do you think it’s going to revalue?" It all depends on how far they can go and afford restructuring. Meaning how long can they go keeping their currency low and restructure for cheap? Well guys that’s coming to an end. they can’t do it any longer because of the market and the price per barrel. That’s why you’re seeing all these articles coming out and more and more from the CBI saying “we’re going to do it…we’re going to pull the trigger.” and that’s why people should be very very excited because it’s coming down the road and its not hype. It has to do with they’ve been kind of cornered. Having said that… [Post 1 of 2 stay tuned for the rest of the story]
11-4-20165 Newshound Guru MadDscout ...we are still in a very good place. They are still moving forward on many fronts. We are also seeing ground work being laid for the taxation structure and more evenly applied tarrifs. Much investment starting up in many places. We are watching Anbar being refurbished and all that is going on in Basra, and it's outlying cities. And a speedy push into Mosul. [Seems as though Mosul has to be liberalized from Islamic Terrorism...Then everything else starts to take place?] I can't say as I disagree...I don't say have to...But it will go a long way towards it. We know the CBI wants Political/Social stability.
11-4-2016 Intel Guru Delta We noticed yesterday, the auction details...looks like they are ready to change the rate. This is more and more confirmation that they are very, very close. The rate must change first before they introduce the lower denoms. In June/July, they got the 1st installment from the IMF...but the 2nd installment was supposed to happen before November. ...so what happened? I believe they are waiting for Mosul. The IMF is waiting for them to implement the reforms. They will meet on the 7th of November...but if Iraq isn’t done...they will wait until December 7th. A lot of investors...outside of Iraq is waiting to get in.
11-4-2016 Intel Guru Frank26 Banks in Mosul...are not connected to anything...9 months ago the coalition forces blew up the bank in Mosul...But not all of the banks. So what happened to them. They were secured and TURNED-OFF. If these banks are needed for the Monetary Reform...they can just REBOOT them...because it’s now an E-COMMERCE environment.
11-3-2016 Intel/Newshound Guru Backdoc REMEMBER THE IMF SAID THEIR LOAN REVIEW FOR IRAQ WOULD CONCLUDE ON NOV. 7TH OR DECEMBER 7TH...THIS MONTH OR NEXT...DIGITAL PAYMENTS SHOULD BE UP AND RUNNING! WITH THE COUNTRY CODE (IBAN) IN PLACE, IRAQ LOOKS TO BE READY TO MOVE MONEY CROSS BOARDERS.
11-3-2016 Newshound Guru rcookie Article: "Baghdad gallery .. motionless economic expansion of cooperation with the world" Quote: "Baghdad , the new international exhibition of 450 international companies representing 12 countries came ambitious and wide in the hope of achieving its goals closer cooperation with Iraq" ...A GREAT PRECURSOR TO BAGHDAD 43RD INTERNATIONAL FAIR...FEATURING MORE THAN 450 COMPANIES FROM 12 COUNTRIES... SHOWCASING IRAQI INVESTMENT OPPORTUNITIES FROM ALL SECTORS....
11-3-2016 Intel Guru ADMINBILL LAST WEEK WE WERE GIVEN INFORMATION THAT LEADS US TO BELIEVE THAT WE SHOULD SEE ACTIVITY VERY SOON. THERE ARE OTHERS THAT DO NOT BELIEVE WE ARE QUITE THERE YET STATING THAT THE INITIAL STEPS ARE NOT COMPLETED THAT WILL ALLOW ANY PRIVATE "CURRENCY" TO GET SPENDABLE FUNDS THROUGH THE WEEKEND AND INTO NEXT WEEK. THIS IS NOT A HOLD UP IT IS SIMPLY TAKEN LONGER THAN THOUGHT ACCORDING TO OUR SOURCE. [Are the authors of the plan leaning past the 10th or next week?] I HAVE NOT BEEN TOLD.
11-3-2016 Intel Guru Delta If you go to the CBI website and read their strategy/plan...they need to do the exchange rate. The plan includes 2016! Very significant...very huge! We believe they do have the DATE and the RATE! We believe that we are very close. For those who have Warka bank accounts...they really are in business. Most importantly, the IBAN (which is the identity of that bank)...and my account...I logged in as usual...and noticed something different. You now can see the account number and the IBAN code. That IBAN number...shows they are going international. I was so happy to see that! If they weren’t ready...they could have waited until next year. This is more confirmation....This is solid proof they are going international. All that is missing is the rate.
11-3-2016 Newshound Guru mike Article: "Central Bank of Egypt frees pound exchange rate" Quote: "determine the exchange rate of the local currency will be in accordance with the mechanisms of supply and demand." This sounds like the float type system that most countries use, supply and demand. The good new for Egypt is there are no exchange restrictions and they're in Article VIII. The last Article IV consultation with the IMF had Iraq remaining pegged to the dollar, if they unpeg and go to the supply/demand deal without Article VIII and the restrictions removed I'm betting the dinar will crater to somewhere around 1500-$1, if not lower. There just isn't any demand for the IQD right now, the peg is the only thing propping it up...IMO.
11-3-2016 Newshound Guru wmawhite ...it is always good to ask..."what is it that we know." Most of what we know comes from the Central Bank of Iraq. The most recent was two and a half weeks ago... "The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project...he added that "the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017..." ...other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.
11-3-2016 Intel Guru ADMINBILL THE INFORMATION IS NEITHER POSITIVE OR NEGATIVE. WE ARE SIMPLY WAITING TO SEE WHAT HAPPENS THIS WEEK. BANKERS AND INVESTMENT BROKERS ARE EXPECTING GREAT NEWS THIS WEEK AS I AM. I REMAIN CAUTIOUSLY OPTIMISTIC THAT THE INFORMATION WE HAVE RECEIVED IS ACCURATE. MY DATE WAS THE 1OTH.
11-3-2016 Intel Guru Frank26 The media and parliament is all talking about the Monetary Reform...Economists are telling the GOI to add value to the IQD to solve all of their problems. IMO – Abadi will NOT hesitate...the MOMENT Mosul is SAFE and SECURE/STABLE! He is surrounded by America’s BEST! ...everyone in Iraq is pressuring the CBI to raise the value of the IQD. Abadi is looking for that “perfect moment.” That man could flip the switch whenever he wants. All of this to be reported on the 7th of November...and plan B if it’s the 7th of December. [post 3 of 3]
11-3-2016 Intel Guru Frank26 Dr. Shabibi said he wanted to bring back the value of the 70’s – 80’s. Shabibi said that it depended on supply and demand. Supply and demand is about to happen by the citizens in Iraq. The IMF is ready...in my opinion...and Iraq is getting ready. IMO...a date and a rate is being explained to the IMF right now...on the 7th [November]...or the 7th [December]. Two days ago the finance committee met with Allak (and others) to see if things were improving. Auctions, rate, etc. We believe that is what those meetings were about. They only have to meet on November the 7th and not necessarily December the 7th. December is optional. If they are ready – it won’t be necessary. The meetings must be successful...and is inches away. [post 2 of 3....stay tuned]
11-3-2016 Intel Guru Frank26 Remember what we said about Fallujah? Give us Fallujah and we’ll give you the Economic Reforms? ...And the economic reforms poured out about a week BEFORE they gave you Fallujah. So here we are with Mosul and we’re within a ½ a click from Mosul...maybe closer. We’re almost at the CENTER of Mosul – in my opinion. When it comes to the news...it doesn’t get any better than that. Mosul is very close and...it will bring STABILITY AND SECURITY for IRAQ so they can move forward. We’re looking for a FLAG in Mosul and a FLAG of the Monetary Reform. [post 1 of 3....stay tuned]
11-3-2016 Newshound Guru wmawhite ...keep in mind, that the large notes will be needed in the market place until the prices of goods decrease...but the prices will not decrease until the value of the currency buying the goods increases in value significantly. So, when you are told the delete the zeros project will result in the need for the 50, 100 and 200 IQD notes, then you can assume that there is a change in the value coming soon. The smaller notes will coincide with the larger notes for up to ten years. The most important part of their statements is that the 50, 100 and 200 is expect either by 2017 or the beginning of 2017...and in order for the 50, 100 and 200 notes to work...and change in the value must occur. [post 2 of 2]
11-3-2016 Newshound Guru wmawhite Article: "Iraqi monetary system enhanced the currency of a new dinars" This is what the Central Bank said two and a half weeks ago..."He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years, "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity." ...ancient coins...(coins/notes)... i.e. the notes you have today. The notes the citizens currently have will be accepted for 10 years. [WHICH IS THE SAME NOTES THAT WE HAVE.] In order for those smaller notes to be put into circulation/market place, the value must change. If the value changes then something will change with the peg as well as the auctions. In other words...these are all tied together...that is why it is referred to as a "project". [post 1 of 2....stay tuned]
11-3-2016 Newshound Guru Adam Montana [...It will soon be time to buy dog tags and that RV would sure help out. And I could sure use some new ham radio equipment...] That sounds like a Christmas wishlist, so hopefully it happens in time. If not, I don't think we're too far away so... GO RVVVVV!!!
11-2-2016 Newshound Guru Kaperoni Article: "Decline in central bank reserves to 40 billion dollars" The CBI is now trying to follow the IMF directive and they are losing reserves as a result of the more liberal foreign currency auctions. The problem is they never stopped the corruption first so all they are doing is fueling the fire at this point. Iraq needs to shut down the money laundering and theft through the private banks before they can solve the auction problem. Otherwise...the reserves will be gone soon. The alternatives are not patches or plugs but sound repairs and changes. IMO, the CBI cannot continue down the same path pegged to the dollar much longer unless they can fix this soon. The alternative is a disorderly exit to a float which may not be what we want to see at this time due to the lack of laws and investors.
11-2-2016 Newshound/Intel Guru BGG [...I've read that Iraq is on the white list and some say they aren't. What is correct?] That is likely a "process" they are in the middle of...value is likely nearer the end - but they MUST have international support...without international support who is there to "accept" their currency?
11-2-2016 Newshound Guru mike Article: "Decline in central bank reserves to 40 billion dollars" No real surprise here, we've known for a couple of years that the reserves will continue to erode unless they make changes. Another six months to a year and the options will disappear like the reserves...
11-2-2016 Newshound Guru Adam Montana MOSUL! Iraq is KICKING BUTT in the "beat ISIS" department... IT'S AWESOME! You're also going to see a good amount of good news about Oil, Parliament, Budget, and more! This is an exciting time! To summarize where we are, I think it's as simple as this: Iraq is making short work of ISIS in Mosul. Once they have a clear victory there, which should be very soon, they have no reason to delay on the HCL, which will be another major milestone for them, and it's a big 'ol downhill snowball effect from there. Did I mention it's an exciting time to be part of this?!
11-2-2016 Newshound Guru rcookie Article: "Auction of foreign currency" new look ... corruption in Iraq." Quote: "The "foreign currency auction", which was created after the US occupation of Iraq in April / May 2003, specifically in the year 2004 by the Central Bank of Iraq, represents a new form of the associated process of money laundering in Iraq, economic corruption..." HERE IS AN ARTICLE THAT OUTLINES THE LINK BETWEEN ECONOMIC AND POLITICAL CORRUPTION AND IN DETAIL...OUTLINES THE BREACHES AND FAILURES OF THE AUCTIONS...INTERESTING EPILOGUE...IRAQ CAN NOT BE RESCUED BY REFORMS ALONE...BECAUSE THE BASIS OF REFORM MUST BEGIN WITH THE TRIAL OF WHALES...AND RECOVER STOLEN IRAQI STATE FUNDS...
11-2-2016 Intel/Newshound Guru Mnt Goat ...the IMF promised a huge long term loan worth billions to be paid in installments over the next 5 years...This issue remaining is CURRENCY REFORM implementation. Iraq was also given one (1) year from Jan 1st 2016 to Jan 1st 2017 to stabilize the security and political situation of Iraq. ...So we can see the pressure is extreme to complete the last of the promised needed reforms and in particular the currency reform and to begin the process once again to launch the new lower denominations. It is the government of Baghdad target not to turn on the new currency until ISIS is gone. They told us by end of 2016 ISIS would be gone. [post 1 of 2....stay tuned]
11-2-2016 Newshound/Intel Guru BGG [Have they prioritized the key investment laws that will set the stage for an international currency and allow capital to flow into the country...?] They have had the Investment and Banking Laws "on deck" for a while now...there is NO DOUBT the IMF has given them "the word"...investors have to have "an exit" - otherwise they WON'T ENTER...the wall of investment income they are expecting - will NEVER HAPPEN... without the investment law...when it is time - BOOM.
11-1-2016 Intel Guru Bruce ...we know Iraq is pretty much done and complete. We are finding that Mosul was taken over bit by bit and the Iraqi flag put up every time they took back portion of the city. We heard there were fireworks yesterday afternoon throughout the country. Iraq did reinstate and revalue their rate. Why are the UN Operational rates not showing? They are not going to bring them up for us until they are ready for us to see them. We look for that to happen anytime, maybe tomorrow. Same thing as with the Forex. The Forex rates are noted in Europe and Asia for a few days now, but we are not able to see them. Again, we will see them when the time for us to see them is correct. We are looking forward also to see the new bank screen rates of currencies in the first basket. The Paris Agreement was suppose to go in effect the fourth of November. It went into effect today! That is big news. The world is gold backed now. This is very good piece of news...It is saying we are really there. We are just waiting until we are notified. The notification to begin our exchanges is the last step in our process.
11-1-2016 Newshound/Intel Guru BGG Article quote: "...predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year..." This will answer a lot of issues... I fully expect them to codify the "functional HCL" in the 2017 budget as they have in the past...in essence - whatever the impacts of a true HCL would have been - they go ahead and allocate and draw out such agreements "loosely" in the budget...executing the impacts of the HCL without having to go through the stress of the actual process.
11-1-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is the progress of retaking Mosul and then moving towards currency reform. In today’s news they are giving us a nice progress report of only after 2 weeks of fighting. So we can see they should be declaring victory sometime very soon over all Mosul area? I firmly believe victory will come before this week is over. We watch and hope.
11-1-2016 Newshound Guru Kaperoni Article: "US-led coalition: Mosul will be soon liberated" Quote: "The battle to liberate Mosul, ISIS last stronghold in Iraq, has been witnessing remarkable progress as they enter their 16th day."
11-1-2016 Intel Guru Frank26 The CBI cannot control the street market rate! Only an increase in the exchange rate can control the street market rate. Give it some power...and they did. 1,300...a slight PIP movement...which is a start. The citizens will be very proud of their currency soon. Will they start at 10 cents? 20 cents? I don’t know the rate or the date...The street rate needs the IQD to go up in value. A gradual increase in their currency is coming...the dropping of the 3 zeros. On plan...on schedule...which is exactly what they told their banks...only the IQD at the beginning of 2017. Take note, the IQD exchange rate may increase, but may take time for it to reach the international world, and I believe that is what we are going thru right now. These are the finishing touches to the monetary reform ...IMO...The free-float rate...will continue to increase...which I believe will be 1 to 1... [post 2 of 2]
11-1-2016 Intel Guru Frank26 Remember when Kuwait said they were not going to revalue their currency...and then they did? Remember when China came out with a full-page ad and told the world they were not going to change their currency – and three days later — they did? I believe this to be very well plotted out...which is what we’ve been studying. The IQD is going to go up in value. [post 1 of 2....stay tuned]
11-1-2016 Newshound/Intel Guru BGG [How does the deleting of the zeros affect out investment if we have all large bills?] ...the "Deleting of the Zeros" program - IS THE PROCESS of raising the value and removing the large notes from the marketplace. ...it is the "effect" you are looking for (BTW - this is that one instance "effect and affect" are ALMOST interchangeable. [Will we be able to cash in the large bills at the increased value?] The "affect" on your investment (if you have these large bills) is you will experience this surge in value... in fact, any size bills will do...it is highly likely you will be able to exchange these bills at an increased value. Obviously - why we are all here. However, none of what I portray is any long stretch - they have written directly on these subject(s).
10-31-2016 Intel Guru RayRen98 Iraq is celebrating like crazy with the complete overtaking of Mosul. That was on the television screens, with articles of military in downtown Mosul, etc. Exciting! ...my sources are saying everything is done and set, just waiting for an announcement. I don’t know exactly what that announcement is, and in time we will learn what impact Mosul will have on this release. It’s still earmarked to come out by the first. If Mosul was an issue, it won’t be now based on what we are hearing and seeing. From what I understand, everything is in alignment and ready to go – we’re just waiting for the push. There is no other information we are waiting for.
10-31-2016 Newshound Guru rcookie Article: "Economist: 2017 budget to meet its obligations with the private sector" ...THEY ARE DISCUSSING THE NECESSARY BUDGET REVENUE & EXPENDITURE REFORMS BEING APPLIED TO SUPPORT PRIVATE SECTOR ADVANCEMENT IN IRAQI ECONOMY...AND ROLE INT'L LOANS PLAY IN BRIDGING DEFICIT SHORTFALLS...THEY ARE TALKING ABOUT THE SUCCESS OF THE 2017 BUDGET IN ADDRESSING BOTH SIDES OF THE BUDGET... OPERATIONAL...AND DEVELOPMENTAL.
10-31-2016 Intel Guru ADMINBILL BASED UPON WHAT WE DISCUSSED LAST WEEK...WE SHOULD BE SEEING MOVEMENT THAT FORESHADOWS THE CONCLUSION OF THIS EVENT AS THE WEEK UNFOLDS. LOOK FOR OUT OF IRAQ AND MOVEMENT IN THE USA.
10-31-2016 Intel Guru Frank26 [via Militia] "[Guru] Delta...studies the CBI website for us...reads every article … interprets them. He pays attention to the spreadsheet...shows key numbers...projected rates...but some fields are blank. Projected rates show 14 to 15 cents...but the 2016 is blank. Now, some are no longer variables...they are now derivatives. So many things...and all before November. We believe...Abadi and Saleh are sending confirmations/ documentations to the IMF within the 10 days that we talked about --- which are coming to a close … all BEFORE November. IMO --- all an indication of their financial reform." Overall they are talking about the Monetary Reform everywhere...and Delta found 3 sources now ...and that’s why we tell you it is legit. The rate of the IQD must go up...and the Lower Denoms must be introduced. [Guru] Delta said that the article when he translated said that this “DID HAPPEN” (past tense) the value of the IQD – the word “yurfaw” (sp) translated means that it did happen. Street value? We’re not sure."
10-31-2016 Intel Guru RayRen98 Last night on Iraqi TV, it was announcing Iraqi forces now have complete control of Mosul. Is this the final step?
10-31-2016 Newshound Guru mike So far Iraq's plan is to borrow their way out but now that the stipulations are required, the plan got complicated. They've wasted two years under Abadi to pass the open market legislation because they thought the world would bail them out. Quit glad handing and get to work boys.
10-31-2016 Newshound Guru rcookie Article: "Muhammadawi: We seek to link Iraq to the economic capital of the world..." Quote: "We are trying to link Iraq's economic capital of the world through a stable and attractive... investment environment, creating ...We put forward the vision of Basra to attract investment on a large scale, and to create a...stable and attractive investment and linking Iraq's economic capital of the world through the stimulus on economic and trade cooperation on international and regional".environment..." HUGE...HUGE STATEMENT... INDICATING THAT THERE ARE EFFORTS TO TIE IRAQ TO THE ECONOMIC CAPITAL OF THE WORLD!
10-31-2016 Newshound Guru Islandg1211 ...the WTO website page on Iraq that clearly shows that Iraq has done NOTHING for years to further their membership. Iraq hasn't even had a working group meeting scheduled with the WTO the past few years. ...the FATF website info...said that they reviewed Iraq in June and they had four more requirements to complete before getting on the White List. So, Iraq is not on the White List, nor will they be by January unless they complete the requirements state. I said last January, Barzani gave a CNN interview and stated that Mosul wouldn't start for months, and it would take months to complete. I posted last New Years that Abadi gave a speech that day and said Mosul would be free "by the end of the year." Iraq has years to go to join the WTO. Iraq has more steps to complete to get on the FATF White List. Mosul was never expected to get done before the end of the year.
10-31-2016 Newshound Guru rcookie Article: "On the Keywords: we underestimated the effects of the financial crisis in Iraq in several ways" Quote: "Systems at the American University in Dahuk province, an economic conference, discuss the financial problems in Iraq, with the participation of senior financial and economic official" THIS IS THE DOHUK CONFERENCE... THEY AGAIN OUTLINE THAT CONTINUED ACCESS TO THE INT'L LOANS ARE DIRECTLY LINKED TO REFORMS CARRIED OUT BY IRAQ TO RECEIVE THE REMAINING $16 BILLION...WHICH THE 1ST REVIEWS TOWARD THE 1ST LEG OF LOANS ($5,3 BILLION) WILL OCCUR AFTER PUBLISHING OF THE 2017 BUDGET LAW...WHERE CONFIRMATION OF THOSE REVENUE AND EXPENDITURE REFORMS WILL RESIDE FOR 2017...THEN IRAQ CAN SAY "SHOW ME THE MONEY"...AND RECEIVE THE REMAINING INSTALLMENTS OF 2016 MONEY...AND NOWHERE... NOWHERE DO THE SBA LOANS ACCESS HAVE ANY TIE INTO A CURRENCY VALUE CHANGE...
10-30-2016 Newshound Guru Islandg1211 The IMF imposed requirements on the CBI to make economic reforms prior to getting another loan installment. The IMF isn't just giving Iraq money. One requirement is that Iraq improve their credit rating. Although, the IMF hasn't stated that the CBI has to raise their exchange, it's hard to imagine that that wasn't discussed. An article today on a meeting between Saleh, Allak and others quotes Allak stating that has requirements from the IMF in order to get more loan installments.
10-30-2016 Newshound/Intel Guru Bluedog Article: "Kuwait issued a clarification about" an Iraqi military movements unusual "near the border" SECURING...THE BORDER FOR WHAT? THAT WOULD BE MY OPINION AND OTHER BORDERS I WOULD THINK SO MONEY WILL NOT ESCAPE B4...WELL YOU KNOW WHAT...ALL IMO.
10-30-2016 Intel Guru RayRen98 Mosul reportedly has been cleared of Isis. The armies have their flags ready and are waiting on Ababi to plant the official flag...the expectation is Tuesday. Maliki referenced on TV as the reason Daesh was in Mosul. Supposedly, the international courts will try him on war crimes. Thousands of citizens are returning to Mosul since it is being declared cleared of Isis. How do these reports affect us? Time Will Tell if they were significant to the public release of the revalued international rates.
10-30-2016 Newshound Guru FrostyTheSnowman CNN posted this... "Thousands of civilians -- many of them women, children and the elderly -- have streamed into central Mosul as ISIS militants retreat from surrounding towns, witnesses told CNN Saturday."
10-30-2016 Intel/Newshound Guru Mnt Goat ...all the indications point in the direction of a massive revaluation in the very near future. But…FIRST we must also see the signs that the CBI is continuing with the “project to delete the zeros”.
10-30-2016 Newshound Guru rcookie Article: "Allawi back to the office and give up the financial dues" Quote: "The President of the National Coalition, Iyad Allawi, on Saturday, for his return to active duty as deputy president of the republic in order to "achieve unity,"..." AMAZING...THERE WERE REPORTS YESTERDAY OF HIS REFUSAL TO RETURN TO VP POSITION...AND KEEP IN MIND ALLAWI...UPON ANNOUNCING HIS RETURN AS VP...HAS NO INTENTION OF RELINQUISHING HIS ALLIANCES PURSUIT OF MINISTRY OF DEFENSE APPOINTMENT...
10-29-2016 Intel/Newshound Guru Mnt Goat The fact is there is none and so no RV... the RV can’t simply happen at any time. It will not and does not work that way. But if we carefully watch the process of the implementation of the new banking reforms and all the measures needed first in order to go international due to the necessity for ease of banking, ease of trade, ease of commerce and measures to combat corruption, then we might have a chance to see how this will lead to a massive revaluation someday soon. [post 3 of 3]
10-29-2016 Intel/Newshound Guru Mnt Goat ...we see that the CBI is optimistic that the when the war is over and country is more stable they can begin the process to “delete the zeros” once again (since they have decreased the supply already of the dinar.. We read many articles on this recently). When the demand increases. They need the momentum to kick start the process. Article quote: “cover of a fierce war waged by the Iraqi army valiant and security services and the factions of the crowd the popular Bible 's central bank has succeeded Iraqi in raising the value of the Iraqi dinar exchange rate against the US dollar in recent days”. So yes according to this article they did raise the value of the dinar already. But they already did it prior to this article being published. The operative word is “succeeded” meaning past tense. So...Where is the new rate on the international exchanges? [post 2 of 3....stay tuned]
10-29-2016 Intel/Newshound Guru Mnt Goat Articles: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar" "Dollar is deteriorating in front of the dinar" First of all they are talking about an improvement of the dinar value vs the dollar meaning from something like 1300 dinar to the dollar back down to 1188-1200... I can assure you these articles are NOT talking about any significant rise in the value of the dinar (like we want), even though they use the term “significant” their meaning of significant is not the same we are looking for. If you follow what the CBI is doing you follow the money. If you follow the money it leads you to the revaluation – a significant rise that we are looking for, BUT...the CBI must follow their planned process to have success in the currency reform...they will NOT just pop out a new rate such as $3.71 or $4.20 to the dinar with the flick of a wand. This simply is NOT the process and how it is going to happen. [post 1 of 3....stay tuned]
10-29-2016 Newshound Guru rcookie Article: "Money experts discuss ways to get rid of the economic crisis in the province and the center" Quote: "The first session included numerous interventions made by Messrs participants from various official economic actors and university professors." LOOK AT THIS MEETING AND THE ACTORS...MINISTER OF PLANNING JUMAILI...CBI GOVERNOR ALAK... FINANCIAL ADVISOR TO PM SALEH...KURDISTAN PLANNING MINISTER DR NABI...MINISTRY OF FINANCE UNDERSECRETARY HANDAL...HEAD OF IRAQI PRIVATE BANK ASSOCIATION ALATERCI...ALL MEETING AT DOHUK UNIVERSITY WORKSHOP TO DISCUSS THE ROLE OF CENTRAL BANK IN RESOLVING ECONOMIC CRISIS IN REGION AND THE COUNTRY...WOW!
10-29-2016 Intel Guru RayRen98 [Re: the "announcement made by the UN" -- if the UN announced that they have RVed what is your best guess of when we should be able to exchange? Isn't that the announcement we have been waiting for?] I would think so, but I haven’t found anything that supports that the UN made that announcement...no confirmation of that. The information is still good; some are hearing things from others that I am not hearing or not getting confirmation for. That doesn’t mean it’s not true, just that I haven’t heard the confirmations. Hopefully all of what you’re hearing is 100% true and accurate even though we haven’t seen it yet, nearly 24 hours later. We’ll just wait to hear. I’m excited about the weekend. Enjoy it! Everyone is still looking at the 1st November for this to come to a conclusion.
10-29-2016 Newshound Guru MadDScout Article: "The Central Bank succeeds in raising the value of Iraqi dinar to us dollar" I want everyone to keep their feet on the ground. We can only ever watch the action. When the action bears this out to be an accurate report, then I will throw a party. [IS this the only source of this sort of news?] No I have seen it in 5 places...5 sources... I am watching with both eyes.
10-28-2016 Newshound Guru MadDScout [Have all of the new ministers been approved?] Not yet...They are looking at the resume's. The COM is now looking through the submitted names...Then once they have consensus it goes to parliament.
10-28-2016 Newshound Guru 1bobby [Have all of the new ministers been approved?] I think next weeks sessions will tell us a lot of where they are as far as Ministers.
10-28-2016 Intel Guru ADMINBILL WE HEARD YESTERDAY MANY GOOD THINGS THAT POINT TO A CONCLUSION OF OUR ADVENTURE WITHIN THE TIME LINE I OUTLINED EARLIER THIS WEEK. [reference ADMINBILL post 10-27-2016]
10-28-2016 Newshound Guru MadDScout [Do you not think that Mosul is the lock, if Basra is the key? Iraq must have security stabilized.] I personally think Mosul is a big factor towards their social stability...And there are a lot of adjustment being made in the post Mosul discussion...There was a visit by the Speaker of parliament today in Erbil...There are what he called "adjustments" being made...and they infer territory and such as has "not been before". [Do you think that will become Kurd territory?] I took it that not all would be happy with the new arangements but they were for the greater good of Iraq. That seems to be what is being discussed.
10-28-2016 Intel Guru Frank26 [...are we in the 3 days till release?] ...3 days...10 days...A month...End of December...We do not focus on a DATE but STUDY these days and their events. Which IMO have been substantial in our evaluation. The RI is INTERNAL and a NEUTRAL event...IOO (in our opinion). The gradual IQD increase is occurring but not familiar to a majority. Yes IOO at any moment they can surprise us...The International Investors... But not until their RI phase is complete and we said the Mosul Liberation is but ONE of these RI Steps.
10-28-2016 Intel Guru Bruce What we know and confirmed to us is around 3pm today [Thursday] the Secretary General of the UN made announcement that Iraq did RV their currency. This counts as the international announcement for Iraq. We could be there within a few hours or a day or so. Not a lot longer for us. Tomorrow [Friday] maybe significant date as far as UN Operational rates being put out. They could be put out or maybe not be seen. They typically put out the rate and be effected the first of the month which would be November 1. Iraq is done, RV announced in the UN today. They hit the rate they intended to hit. We should be at the point of pre celebration.
10-28-2016 Newshound Guru 1bobby [new Guru] Article: "Iraq opens complex "General Electric" technologies in the North Rumaila" [Basra] So now we are seeing the benefits of these contracts that were and have been signed in the previous months. And it's also speaks to adding to the State Treasury. Basra's security is also improving on a daily basis. I know others have called Basra the new Dubai of the Middle East.
10-28-2016 Intel Guru SteveI Article: "Dollar is deteriorating in front of the dinar" I like the article a lot. I had a talk with a few of my guys, and they all agree that it sounds like the process has started but not made official yet. Quote: "CBI succeeded in raising the value of the Iraqi dinar against". ...in the past or previous news they would have said "in the near future", or "coming days or months", etc. To me succeeded means commenced or started. The other part I found very interesting is "a lot and recover the exchange rate of the Iraqi dinar". So just exactly what are the recovering from? ...Are they talking the the 3.21 rate? Another part I found positive is "after the economic scientific plan developed by organizers of the Central Bank of Iraq and new policy pursued by the Central Bank". ...the powerful part is the word "plan". This is something that had to have been in place previously and not just some made up statement for an article. The last thing I found interesting is the wording of "the value of the national currency exchange rate of the Iraqi dinar". I have never seen the word of
11-15-2016 Newshound Guru BGG ...we can hang on for 47 days...but it may not even go THAT LONG.
11-15-2016 Newshound Guru Kaperoni Article: "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency" Quote: "Start procedures to delete three zeros from the currency in 2017" The good news is it looks like we will see something happening in just a month or so.
11-15-2016 Newshound Guru firefly ...what the lifting of the 3 zero notes means...All they are doing is removing them from the market place...hence "the lifting of the 3 zeros"...so if the removing them from the marketplace begins in early 2017...Logic would tell us they would need to have a value for the lower denoms to hit the streets right... BEFORE they are removed... The CBI told you they will coincide with the lowered denoms for 10 yrs.
11-15-2016 Intel Guru ADMINBILL Reports continue to be positive with information pointing from any minute through the inauguration. News from Iraq remains positive with reports that the small denominations are in use and being given as change...they are to be issued soon. Whether this occurs this week or next is not relevant. Seeing a completion of the process is all we ask...
11-15-2016 Newshound/Intel Guru BGG Adding value is a part of the "note removal" process...without value - why would anyone want to carry a smaller denomination (No zero notes)? I am skeptical about 1st Q 2017 - them telling everyone doesn't make a lot of sense - unless they do it earlier than that...AND they've already said it will BEGIN in early 2017. That's only 47 days away...
11-15-2016 Newshound Guru Kaperoni It has been some 13 years and Iraq still has not created with much success a private sector/market economy. So the Dinar waits. Iraq remains today about 93% dependent on oil production. 2017 seems to be the year Iraq plans to launch such a market economy. Time will tell. In order to do so, Iraq must create the conditions. Some of which are laws for investors, stability, and a sound banking system. Once it's internationally recognized, convertible and traded, the dinar will rise based on supply & demand. Some may sell at 1 cent...Others may wait until 10 cents, and still others may wait until it is much higher. The Dinar will become eventually just like any other currency, bought and sold throughout the global banking system. [post 2 of 2]
11-15-2016 Newshound Guru Kaperoni Interesting fact, the dinar has already appreciated from its original value released in 2003. According to reports, back in October 2003 the Dinar exchange rate was well over 1600 to $1. In pretty short order it appreciated (4-6 months) down to 1170 to $1. This first phase of appreciation was to counter the effects of inflation in Iraq that was well over 38% as oil production began post war. I believe the plan was designed to again raise the value to counter the effects of the launch of a private sector or market economy. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Article quote: "...an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets..." ...do...you remember from a couple months ago the ISX stating that they intended to be available to global investing in early 2017. [Yes...i sure do...] Well, well , well...1+1=2.
11-15-2016 Intel Guru Frank26 IMO – this month...November 2016...up until December 2016...I believe they need to change the value of their currency for 2017. From November 7th to December 7th – these are the golden periods that the IMF works with the CBI...and we will see if there is a change before 2017. IMO - does this not show they are in Article 8 compliance? The rate may be...10 to 20 cents...but their goal is to get to 1 to 1...THIS YEAR...2016...that way it can be introduced to the INTERNATIONAL community at 1 to 1 by the 1st of the year. THE RATE HAS TO CHANGE BEFORE JANUARY for any of this to have LIFE. [post 2 of 2]
11-15-2016 Intel Guru Frank26 2017 is the time when they will introduce the LOWER DENOMS...but it NEEDS A NEW RATE. [Guru] Delta told me...this was being introduced with great confidence to the citizens...RED ALERT! Dec 7th, 2016 the IMF board will do a review of lifting the 3 zeros. Saleh says we will delete the 3 zeros...from the exchange rate. “We will DELETE the 3 zeros from the payment of the dinar in Iraq.” THAT IS HUGE! But...they have to RAISE THE VALUE OF THEIR CURRENCY FIRST! They even said that the LOWER DENOMS will exist parallel with them for the next 10 years! Yes...they must change the VALUE BEFORE the new notes...as to not confuse the citizens... [post 1 of 2....stay tuned]
11-15-2016 Newshound Guru Kaperoni For those who don't know, deleting or dropping the zeros in the case of Iraq won't happen overnight. It's going to take time. The zeros will go away one by one as the dinar rises in value. What causes the value to rise is what is known as "supply and demand" Or what some call "market forces". Meaning as investors and investment comes into Iraq, it will drive the value of the dinar up...Which will cause the zeros to go away naturally over time. There is no RV or single event. This is well documented in the IMF...Stand by Agreement.
11-15-2016 Newshound/Intel Guru BGG [...if three zeros are removed, a hypothetical is, eight $25,000 note would become a $25 note is that correct?] First off - it's a 25k DINAR note... worth $25 USD (currently)...and when they get done revaluing - no matter what the USD value is - or should be OUT OF IRAQ...inside Iraq - 1 Dinar will still be worth 1 Dinar...a Dinar is a Dinar... so ask yourself - again, when they are writing these articles about their currency - who are they talking to? Iraqi's - where a Dinar is still going to be worth a Dinar...so what are they removing? ...it's NOT A LOP - that is what taking a 25k (IQD) note to a 25 IQD note would be - and there's NO WAY...So...if it's NOT NOMINAL VALUE... AKA - .0086 >> .86 and it's NOT A LOP... AKA 25,000 = a 25 IQD note...then what is it? a removal of the bigger - 3 zero notes over a period of time...
11-15-2016 Newshound Guru mike Article: "CBI decision to remove three zeros from the currency of Iraq beginning in 2017" ...even if they "start" the process in 2017, there's still a ton of work to be done. We know they need to fix the MCP and liberate the exchange, but they also need legislation to encourage the foreign capital needed to rebuild. Some kind of economy is also going to be required to create demand for Iraqi products as well. Here's hoping they get on the ball and demonstrate a movement towards the open market economy instead of talking about beginning the process, the sooner they do, the sooner they'll get to a dime.
11-14-2016 Intel/Newshound Guru Mnt Goat Article: "...the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq's economy again in January 2017.." WOW! Now they even gave us a closer timeframe. They actually said January of 2017 not just early in 2017…WOW! So we are getting very close to this target. I am very excited and so should you. [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat ...recently we heard all the very good news about the Reconciliation Law effort being drawn up and now presented to all of the secs for acceptance... They are very serious this time. The law also conditions what will happen to Mosul provinces post ISIS and all the non-Iraq fighting forces in Iraq. It is very significant and CAN NOT fail if we expect to get an RV. Then they popped out news about the HCL. They told us it too is all completed but still needed the law presented to parliament and passed to make it all legal and long lasting. It now sits in parliament waiting for the final readings. We also know it is in the 2017 budget which will be voted on Nov 26th...so we are told. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite [...[Guru BGG] bgg mentioned it might come out as excotic currency what does that really mean?] If it has value and there is someone on this planet that will exchange it for me, it doesn't matter.
11-14-2016 Intel Guru SteveI [Dropping the three zeros is merely a description of the coming new lower denomination currency. On the magic day whatever day that is...The lower denominations will be announced and issued ...including a 25 dinar note, a 10 dinar note, the 5 dinar note, and so on...Concurrent with that event the exchange rate will be updated to whatever value they have determined...Be it $.85 to the dinar, or $1.16 to the dinar, or $3.45 to the Dinar...] This is how we believe it to happen...
11-14-2016 Newshound/Intel Guru BGG ...there have been several BARN BURNER ARTICLES lately...Here's a couple of...headlines from the last few days... "Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency"; "The central bank begins its first steps to delete the three zeroes from the currency"; "The CBI decision to remove three zeros from the currency of Iraq beginning in 2017". They are pretty much telling us what's happening...it's VERY EXCITING!
11-14-2016 Intel/Newshound Guru Mnt Goat ...we all should be very excited now...but I am also VERY cautious and know they can also postpone this effort again if certain mandated reforms and reconciliation efforts fail. But we also know they can not grow their economy either without a real currency...There is just 47 days remaining in 2016. Many say this event will happen prior to Jan 1st 2017. I will tell you THERE IS ABSOLUTELY NO EVIDENCE SHOWING US OR TELLING US IT WILL HAPPEN SOONER! Can it happen prior? Anything is possible... [post 2 of 2]
11-14-2016 Intel/Newshound Guru Mnt Goat There is now so much news pouring out of Iraq on the “project to delete the zeros”. ...they will have to explain the project all over again to the citizens since it has been about a year already since they last tried to do it. They are now ramping up to do just that. I expect they will give a deadline (a time limit) as to how long the Iraqi citizen has to exchange the 3 zeros for the new lower denomination notes before they expire. This is of course in Iraq only. We know the 3 zero notes will remain in circulation (but more for the inter-banking transactions) for 10 years. If you look at the BIG picture you will realize that us investors will be like the bankers in Iraq, who will remain holding the large 3 zero notes and use them mainly for inter and intra country commerce. Only the value will change significantly from what it is today, IF YOU WERE TO USE IT INTERNATIONALLY. [post 1 of 2....stay tuned]
11-14-2016 Newshound Guru wmawhite Parliament has already given the CBI the "green light" to move forward with the delete the zeros project. This happen in March 2015. Furthermore, the CBI has been flooding the news with their intent, which is to put notes into the market place that currently has like value of $0.04, $0.09 and $0.18. The CBI is not telling the world that they are doing this only if Parliament does not go on recess. The CBI is driving/steering this ship. Everybody else is reacting to the CBI. [post 2 of 2]
11-14-2016 Newshound Guru wmawhite [I see where parliament is going on recess in Dec and not coming back until Jan 07, 2017...I sure hope all laws are voted on that are needed before a change in the value on our investment or we are looking into 2017...?] Gee, wonder why the CBI has told the world that the 50, 100 and 200 notes are coming out in early 2017...Just wonder if the CBI thinks there are enough laws in place? ...the CBI would not be flooding the media with this information if they (the CBI) did not already have what they needed to do certain things that (has the CBI said)..."there be the affect of the delete the zeros project". [post 1 of 2....stay tuned]
11-14-2016 Intel Guru Dr. Clarke [...since the CBI says they are starting the process to delete the 000's it may very well be a rate change in 2016.] Looking more & more, like the highest probability, is right at the very end of November, 2016...we'd say it's now at 99%...
11-14-2016 Newshound Guru Aggiedad77 Article: "In fiscal policy seminar in Iraq in favor of proposing the establishment of a specialized commercial bank importation" Commercial Bank...would that be a vital and necessary thing at a program rate...where do you think this headed...why of course their Financial Reform kicking into high gear...why not...terrorism is breathing its last breath...the Long Line is chomping to get into Iraq in an even bigger way than has previously been experienced...a Commercial Bank would be just what the doctor ordered...what better way to resolves issues around credit and import policies from where...outside of the country of course...pay attention to Dr. Saleh...when he is speaking...it is truly Abadi's thoughts that come from him...and the Iraqi people listen...listen with intent... the BEST is coming...all IMO.
11-13-2016 Newshound Guru Shredd [...what is the incentive for the Iraqi people to bring the larger notes in if the value does not exceed the dollar?] ...the plan is to reduce the supply of the dollar. This is huge. If they were flooding the market with the dollar, it would satisfy the need for lower denoms. BUT, since they are reducing the dollar supply and replacing with the dinar, think of the practicality of that at the rate today...ridiculous, right? So, this situation, the supply and then the corresponding necessary increase in the value to make the ease of carry, the incentive is there to use the dinar.
11-13-2016 Newshound Guru Islandg1211 I also believe that they do need to pass Investment and Banking laws. They need to stop the MCP. Mosul is projected to be done in 2-3 months (everyone can define "done" in different ways, I'm defining it as being safe and secure with mines cleared and roads driveable.) I doubt the GOI is going to get anything else done besides the Budget before February given their track record. Hopefully, February and March they can actually pass what they need to pass and be ready to RV by the end of March-April window, while the CBI "starts" the deletion of the three zeroes the first quarter of 2017, and Mosul is secured. ALL THOSE THINGS ARE ACHIEVABLE by APRIL 2017, and it fits with the CBI's recent statements that they are beginning the process the first quarter of 2017. [post 2 of 2]
11-13-2016 Newshound Guru Islandg1211 Because they have to "delete the zeroes" they have to announce their steps to get the citizens to bring in their three zeros Dinars. Because they have to issue the lower denoms, they have to announce the program to the citizens. It isn't like they are keeping the old currency and just raising their exchange rate, so they have to make announcements. ISIS has really delayed them for three years (2014-2017.) I've never believed that they would RV 4th quarter of a year, nor do I believe that at this point they will RV prior to gaining control of Mosul. [post 1 of 2....stay tuned]
11-13-2016 Newshound Guru Aggiedad77 Article: "Proposals on the central bank's decision to grant the loan?" Quote: "The Iraqi government and the Central Bank of Iraq's decision to allocate trillion dinars in the budget of 2017 to give a concessional loan for the establishment of small and medium enterprises is a correct and important step..." IMO...we are seeing the CBI acting here with regard to this loan for 2017 as though it is a done deal...so could they know already that the budget will be passed...that at least this portion of the budget will skate through Parliament unscathed...How would they be making plans for this loan to these sectors if they didn't know already what was the outcome of the budget process within Parliament...I'm thinking we will see this budget passed this month...by the end of this month...and when it is passed/approved and published...oh the movement of their Monetary Reform will truly swing into a higher gear known more fondly as full speed ahead...
11-13-2016 Newshound Guru Shredd How will the notes be removed? If not by law, then by incentive and if the latter is the case, how can you incentivize the Iraqi people to bring in their large notes? Add value to the artificially held down dinar! Reduce the availability of the Dollar and release into circulation the medium notes and eventually the small notes. I believe 2017 is going to be an exciting year in this regard. ...watch for indicators of the tide changing with the dinar. Iraq's back is against the wall and you should be excited. Lastly, just as a reminder which I've often said...this is currency folks... Currency which will represent the true value of Iraq's economy...oil, gold reserves, growing infrastructure, gaining diversification of goods and services and investment faith. Not IF, WHEN...and we are getting closer! [post 3 of 3]
11-13-2016 Newshound Guru Shredd I'm happy to be wrong, but the "gradual" increase in the value of the dinar that we've been reading about for the past few years may very well start off as a continued managed float before it moves to a full market-driven float to maintain stability. The 2% rate fluctuation stability requirement makes me wonder if that will be the case...to mitigate market reactions to large "steps" or tranching of the rate. We'll have to wait to see. Anyways, this is great news in what I've felt is a bit of a lag or drought of news we can hang our hats on. [post 2 of 3....stay tuned]
11-13-2016 Newshound Guru Shredd Article: "Central Bank: the deletion of zeros in early 2017" This IS a great article and aligns/confirms the plan we've been watching regarding removing the zeros. So what does this mean? ...this means removing the large three zero notes from circulation. Now, that does not mean retiring them...they are legal tender. ...they just recently released the 50k and 100k notes. So, this is an effort to reduce the large note count in circulation. This will also encourage usage of the electronic banking structure that has been in construction for the past few years...balance protection, rate lock windows, etc. ...you will start seeing evidence of the reduction of US Dollar in Iraq. [post 1 of 3....stay tuned]
11-13-2016 Newshound Guru tlm724 Article: "Central Bank: the deletion of zeros in early 2017" I am loving seeing this back in the news... BL [Guru Bondlady] always said it's VERY good when they are talking about it! I have great hope for the new year. Shabs always said he needed stability and with the ongoing offensive in Mosul there will be stability in all of Iraq in a matter of months. There was a great article today about the CBI and the US Treasury. Article: "Central Bank of Iraq signed an agreement with the US Treasury to stop funding the organization Daesh" It reinforces our belief in this investment and that Iraq does have so much help! Lets...stay the course, better days are coming for sure.
11-13-206 Newshound Guru Breitling Question “We all know we can buy dinar from specific traders but when people say, “when will Iraq become Internationally tradeable.” what that really means is when can we go to our local bank and buy and sell dinar? It’s still treated as an exotic currency.” Look at all the currencies out there that are in the same range as the Iraqi Dinar…some you can buy and some you can’t. So that depends on the bank. There is no international law. When there were banks selling the Iraqi Dinar there was only a couple of them. For them to get the dinar. Order it. and be able to get it to their banks and give it to you…they are not making enough money. It disrupts business...Like Bank of America and these banks...I remember from one of the Bank of America employees that’s way up there…and so we talked about it. Basically he said they stopped selling dinar because it disrupted business. You had little old ladies calling every day asking “did the dinar revalue.” every single day. It just came up on them…this huge huge hype built into it and they simply had to shut it down. All the banks finally did it cause it was that big of a deal. That hype is gone by the way. It simply doesn’t exist. You can’t use that as a benchmark at all. It doesn’t matter if Bank of America sells it or Chase Bank it simple does not matter.
11-13-2016 Newshound/Intel Guru BGG Article quote: "The governor of the Iraqi Central Bank, said the bank began to develop the first steps of the project to delete the three zeroes from the Iraqi currency." "...the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." This is really the only article that matters..."begins it's first steps..." ...which implies they are on this "1st Q 2017" or before...and make it a competitor to foreign currencies..." Boom. "...the beginning of 2017..." as per their phrasing - is like, 49 days away? I think I can hang in there for that much.
11-13-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Maybe 2017 is the year that Iraq starts the process, I'm looking forward to seeing Iraq get rid of the MCP, remove all exchange restrictions and accept Article VIII with the IMF. If they do that in 2017, you'll know the process has begun. If they don't, you'll know this is just another article from a proxy CBI governor designed to placate the masses... just my opinion.
11-12-2016 Intel Guru SteveI Article: "Parliament plans to enact a law to guarantee bank deposits" Quote: "Finance Committee in the House of Representatives unveiled on Wednesday its intention to legislation of a special law to guarantee depositors' money in Iraqi banks, while confirming that it will contribute to "boost confidence in the banking sector." This is extremely important as it will give the citizens confidence in the banking system and to actually use it instead of putting their dinars under their pillows. I love this article.
11-12-2016 Intel/Newshound Guru Mnt Goat So what happened to the Iraqi 2017 budget this week? Article quote: "The House of Representatives on Wednesday 11/9 ended the second reading of the budget in 2017, while its lift to the 26th of the current month...“moving the budget to the 26th of this month." I will add that there are aspects in the budget that will move Iraq in a monumental leap forward and still there are political constituents who do not want this to happen and so they resist, as shown in Wednesday’s parliamentary discussion. But I feel they will eventually prevail and the budget will get passed before the end of the month. It is already late. The BIG question is - did they include the “Project to Delete the Zeros” in the budget? We know for a fact they told us they have to include it if they are going to execute that year. We know they did include HCL, money for very large defense expenditures and other needed reforms we are looking for.
11-12-2016 Intel/Newshound Guru Backdoc ...IRAN IS WORKING ITS WAY TOWARD A ONE PAYMENT SYSTEM BY MARCH 20th LIKE THEY SAID. THEY ARE PULLING IN THE PAPER AND PREPARING THE WAY FOR THE DIGITAL NEW REALITY. BY DECEMBER THEY WILL BE RELEASING THEIR NEW DIGITAL PLASTIC POSSIBLY? HOW DOES THIS TIMING COMPARE TO IRAQS RIGHT NOW? ITS SHIA BROTHER (Iraq) WILL BE ON THE SAME PATH AS WE SEE THEY ARE BRINGING FORTH CHANGES AS WELL AS WE SEE THEIR ZEROS DROPPED. I EXPECT TO SEE CONTRACTS BEING USED TO REPAIR AND RESTORE BOTH OF THESE CURRENCIES INTO THE NEW DIGITAL REALITY WHICH BOTH ARE HEADED.
11-12-2016 Intel Guru SteveI Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "...the aim of the deletion of three zeros is to support the Iraqi dinar, and make it a competitor to foreign currencies, pointing out that this strategic project will serve the country's economy, as the dinar will be included in the global basket of currencies in the vital exchanges. He added that the bank is working on mechanisms for the implementation of the project, it is expected to start at the beginning of 2017." Now I am getting very encouraged and starting to get excited. It is finally coming our way. [...do you feel or are you hearing we will need to wait until 2017 or could it just be any day after they liberate Mosul?] I think early 2017 seem to be what many are talking about.
11-12-2016 Newshound Guru Islandg1211 Article: "Delete the three zeroes from the currency of Iraq early in 2017" Quote: "Deletion of zeros from the Iraqi currency, will be implemented in early 2017, according to the Keywords [Allek], the central bank governor, noting that the bank began to develop the first steps of the project." Here's another article stating that he is starting the RV process in 2017, which coordinates with removing ISIS from Mosul within the next couple of months. In addition to this article, which was the 6TH ARTICLE IN A WEEK, and the Iraqi news TV is also announcing it. We have been through this a few times before where the CBI peppers the news media with their plan to RV. Their plan was always stopped by Maliki/Iran and then ISIS. Hopefully, now, with Abadi in and Maliki out, US troops back in and ISIS gone, and the Iran Deal and sanctions lifted, the CBI can finally complete their monetary reform in 2017.
11-12-2016 Newshound Guru Breitling Article “Central Bank, the deletion of the zeros in early 2017”. We’ll let the date from the CBI speak for itself…point 1 “ The Iraqi dinar with global currency basket and handle it efficiently the worlds stock exchanges and financial markets.” So they basically want to add value to it so it can be used in currency baskets all over the planet…but it has to have value. So that’s what they want to add in early 2017. 2. they want to equalize currencies. That’s what they want to do. There are two things on the list they want to do. They are going to get rid of the auction floor. Because that’s actually the mechanism to bring in foreign currency to actually make it fit to where it actually reduces the value of the Iraqi dinar. And they are going to reduce the notes coming ... So basically they are getting rid of two of the main things. That’s it. like I said they already reduced the note count to a point where they can actually add value to it. That’s what’s coming out and that’s why it should be so exciting. I gave you guys a date. Not an exact date but a date they are looking at and what’s going on.
11-12-2016 Newshound Guru MadDScout [I just...just saw a comment that a budget will be read a third time? I thought anything that has to do with moving forward with reforms only has to be two time before passing.] The 3rd read is the final read/vote. [Is the passing of the budget a must, to establish a change in the revalue?] After the budget comes out it can be adjusted...Whether before or after. [reference Guru MadDScout post 11-11-2016]
11-12-2016 Intel Guru ADMINBILL THERE HAVE BEEN SEVERAL INCOMING MESSAGES FROM GOOD SOURCES THAT INDICATE THAT MUCH HAS HAPPENED AND MUCH MORE IS HAPPENING THAT MAY BRING THIS TO CONCLUSION VERY SOON. "VERY SOON" MEANS WE ARE IN A SPOT. ALSO SOURCE CONFIRMED WITH PERSONAL CONTACT IN IRAQ THAT THE LOWER DENOMINATIONS (5-10-25) HAVE BEEN DISTRIBUTED. PROGRESS IS BEING MADE.
11-11-2016 Intel Guru Frank26 Article quote: "Allak Disclosed the CBI will Announce the Names of the Banks According to the International Classification Using Global Assessment Companies Working On the Evaluation of These Banks” Keyword (CBI governor) is telling all of their banks we are currently classified all of you according to the international classifications very soon...why in the world would you now set these banks up now that you have most of Mosul secured..why would you be setting them up to be doing international work...and to prepare themselves for an influx of lots of currencies...because they are doing a MR of their currency. They have no liquidity...and the LD’s will solve that problem once they raise the value of their currency….and their currency that they will introduce at the beginning of next year will be legal and tender for 10 years and more than likely forever….but none of this can happen unless they raise the value of their currency in this year of 2016…IMO.
11-11-2016 Intel/Newshound Guru Mnt Goat ...emphasis for us is still on the progress of retaking Mosul. The question now is - what will happen to region once Mosul is taken back? Will there be yet another void to be filled? We also know we are moving much closer to currency reform and we see it daily in all the news. Be patient if just for a little while longer...its coming...
11-11-2016 Newshound Guru MadDScout [Why is the GOI waiting until the 26th to dicuss the Budget law?] They appear to have taken a recess till then and in the meantime they are working on the details. When it comes back it will be the 3rd read.
11-11-2016 Intel/Newshound Guru Backdoc Article: "Is it time for a national settlement in Iraq?" Quote: "...a national settlement that would result in a historical Iraqi reconciliation...rallying support for the process of national reconciliation and pushing this initiative forward locally, regionally and internationally." AFTER CLEARING OUT CORRUPTION TRUE RECONCILIATION WILL NOW BE POSSIBLE AND THESE AGREEMENTS WILL BE ENFORCED BY THE UN! YIPPIE! ...IMO.
11-11-2016 Intel Guru Hub i only go on economic principle...the facts i go on is for iraq to return to the height of their hayday, 50's, 60's 70's etc, they have to be in the middle of global trade and tourism, and to do so...they must have a tradable currency, or no one will do business with them... rate? i dont have the foggiest, but it must be one all countries want to trade for, it must show the value of the resources of the country and must be the acceptable currency for that particular inenity. so as soon as they put a reasonable value, the world will beat their door down and all will be well.
11-11-2016 Newshound Guru 1bobby Article: "More than half a million visitors to the Baghdad International Fair" Quote: "...this number of visitors is an important milestone in the ministry's ability to attract citizens to visit the Baghdad International Fair and see the offers from companies and countries." Lots of business was done at this 10 day fair. Pretty much opened Iraq to outside investment possibilities.
11-11-2016 Intel Guru Delta Late Thursday Night...JUST IN FROM IRAQI TV: CBI BEGINS THE PROCESS of deleting zeros...CODE RED...
11-11-2016 Intel Guru RayRen98 The CBI recently announced that a list of all banks that are classified international will soon be released. It is believed that this is a part of the banking reforms. It has been reported that the CBI announced loans of a trillion dinar to local banks for growth of the economic sector. Iraqi TV is reporting that citizens confidence levels are rising as some are bringing in their dinar for exchanging. New banking reforms are announced and Alac is pushing the deletion of zeros for 1st quarter of 2017. They are stating that Parliament is on break until November 26 (however, the last time they were on a "break" the important work continued). We shall see...whatever will be....in due time...
11-11-2016 Newshound Guru Breitling When I read this [article] it was a remarkable piece. It basically confirms what I’ve been telling everybody…that they have been pumping in U.S. Dollars to keep the value of the dinar low and that they are going to stop and that is what the articles coming out are about. There’s a radical change today. You know why? It’s because they are reducing the dollar. They’ve already reduced the note count. How much more do they need to go? I don’t know. But it doesn’t matter for us…for you and me they can start adding value. Remember to get to a billion notes is for $3.25 so we have all that wiggle room below $3.25 to $1.17 and on down below that.
11-11-2016 Intel Guru Frank26 ...they are in the last final stages of collecting the 000’s...they need to hit a certain percentage point of their currency of their M1, M2, M3 figures...in order for them to raise the value of their currency in 2016...they need to be accounted for. The project to lift the 000’s is old news...it has been going on for a long time...for years...but IMO this is...the end of this project...increase the value of your currency once you know these numbers and then introduce the LD’s at the beginning of 2017. I’m excited that their Monetary Reform is in an RI right now in 2016...and in order for them to accomplish what articles...are telling us in 2017 can only be done if they raise the value of their currency... [post 2 of 2]
11-11-2016 Intel Guru Frank26 IMO they are down to the wire in collecting the 000’s...IMO the CBI is looking for a specific amount to get into their inventory numbers...they know how many dinars they printed...they know how many dinars were stolen...they know how many dinars were counterfeited...they know how many dinars were blown up...but they don’t know how many dinars were hidden by the citizens...they need to know exactly what is out there with the citizens... and the CBI is doing a seminar with the heads of Iraq to teach them the difference between counterfeit currency and real currency...the citizens know what is going on...and I believe the citizens are going to bring in their dinars...they need to know about their M1, M2, M3, M0 figures...before they can add value to their currency...that would help them to determine what value they want...this is all part of the MR... [post 1 of 2....stay tuned]
11-10-2016 Newshound Guru rcookie Article: "Central Bank attempts to reopen the subfolder Arbil with new look" Quote: "...the Central Bank Governor on the relationship during his visit to Kurdistan region about two weeks ago and met with leaders of political and financial territory and agree to open a subsidiary Bank but a new suit". SO...AS WE SEE THE CBI ERBIL CBI ANNEX WAS CLOSED FOR 3 YEARS...AND IS NOW REOPENING ...
11-10-2016 Intel Guru Frank26 IMO...they are going about the MR and the reinstatement of their currency to add value to their currency in 2016 in order to be ready for 2017...the budget...and introducing the LD’s...and the coins... because this is what the IMF has told them...this is their agreement...and this is what they have been doing...the board of directors of the IMF have IMO given them permission to receive this second loan because they have read everything that was presented to them...IMO...the CBI has to raise the value in 2016 in order for 2017 to have any reality...you cannot implement the project of lifting the value of your currency by lifting the 000’s of the IQD without increasing the value first...
11-10-2016 Intel Guru Dr. Clarke "THIS JUST IN - UPDATE"...We have a Very Very Very strong Belief, that Iraq will substantially raise the value of their Dinar, and make it Officially International and Exchangeable, sometime between NOW - November 10, 2016 and December 1, 2016. We give this a 98% probability of happening as we just described, within the time period we just gave...we're VERY excited right now, and...this just concerning IRAQ and their Dinar currency. The VN Dong, is still ready to move at Any Moment, but...it's dependent on the official ending announcement of ISIS in Iraq & Syria...which at this time, is anybody's guess. It could possibly ALL happen within the time frame above...but in regards to the Iraq Dinar, we're pointing to it, like never before, within the dates listed above.
11-10-2016 Intel Guru SteveI [...if the project begins in 2017, does the RV happen at the time it begins or after?] My understanding is that they will change the value of the IQD prior to introducing the new lower bills. Think about it, if you kept the rate the same why in the world would someone turn in one 25,000 note and now have to carry 1000 notes and end up with the same value.
11-10-2016 Intel/Newshound Guru Backdoc BUDGET PASSED, BONDS BEING SOLD, SALARIES BEING PAID DIGITALLY, COUNTRY TO COUNTRY DEALS STARTING TO ACTIVATE THE PRIVATE SECTOR IS LIKE A BUTTERFLY IN METAMORPHIS. THINK OF THIS FINAL STAGE AS THE BUTTERFLY DRYING ITS WINGS PREPARING FOR FLIGHT! SOON ITS WINGS WILL BE DRY AND IT WILL TAKE FLIGHT WITH A FEW OTHERS.
11-10-2016 Intel Guru ADMINBILL TODAY IS THE 10TH AND IT IS THE DAY THAT WAS SUGGESTED THAT WOULD SEE THE FINAL END TO OUR MAGICAL MYSTERY TOUR. I HAVE HEARD NOTHING SOLID TODAY AND DO NOT EXPECT ANYTHING DRAMATIC. I DO EXPECT TO HEAR CLARIFICATION OF WHERE WE STAND LATER TODAY AS TO WHETHER OR NOT WE SHOULD EXPECT TO HEAR OF MOVEMENT SOON OR TO EXPECT FURTHER DELAYS.
11-10-2016 Intel/Newshound Guru Hub Article: "CENTRAL BANK: THE DELETION OF ZEROS IN EARLY 2017" Quote: "The governor of the Iraqi Central Bank on the Keywords that project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project." ...a thought, they are about to change the value of a 25,000 note from $22 to maybe $75,000, why would they say we are going to do this is 2017 so every tom, dick and harry can go buy some more...i think it is a ploy and i would not be surprised to see it much quicker... [...since the CBI indicating the dropping of the 3 zeros in early 2017, does that mean that based on this article we wouldn't see a change until then or would they have to begin the rate change part of the process sooner...?] in my own humble opinion, i think they would have to implement the change before dropping the zeros which is really bring out lower denoms and getting the big notes off the street.
11-10-2016 Intel/Newshound Guru Backdoc I AM LOOKING AT A WINDOW IN WHICH WE MIGHT SEE THAT NEW ASSET-BACKED DIGITAL PLATFORM SHOW UP; MARCH 21ST UNTIL MAY 4TH. THE NEW FISCAL YEAR FOR THE IMF IS MAY 5TH AND I BELIEVE THEY WANT THIS DONE PRIOR TO THAT! TIME WILL PROVE THIS RIGHT OR WRONG, BUT THE ARTICLES SEEM TO LEAD US TO THESE CONCLUSIONS PRESENTLY. I HOPE IT SHOWS UP SOONER BECAUSE I WOULD LOVE TO BE WRONG ON THIS ONE! I HAVE NEVER BEEN MORE ENCOURAGED IN THIS PROCESS! THE ACTIONS TELL THE STORY AND I LIKE WHAT I SEE! [post 2 of 2]
11-10-2016 Intel/Newshound Guru Backdoc THE TWO SHIA BROTHERS (Iraq and Iran) ARE USING A TWO PAYMENT SYSTEM UNTIL MARCH 20TH! ...IMO. [...does this mean that you think Iraq will wait on Iran? I don't think they can use a two payment system when they go international.] CORRECT, THEY WILL GO TOGETHER OR WITHIN HOURS! REMEMBER THE DEAL? THERE WOULD BE DAMAGE DONE TO THE CURRENCIES BY DOUBLE DIPPING AND THE IMF WILL NOT LET THAT HAPPEN! THE VND WILL WAIT AS WELL AS OTHERS! THEY SAID THEIR TWO PAYMENT SYSTEM WOULD BECOME ONE AFTER MARCH 20TH! WE HAVE SEEN THIS PLAY OUT TO THE TEE SO FAR. THEY ARE DOING DEAL AFTER DEAL, COUNTRY TO COUNTRY, SINCE THE IMF HAS HELPED THEM RECONNECT TO GLOBAL BANKING! [post 1 of 2....stay tuned]
11-9-2016 Newshound Guru rcookie Article quote: "Chief financial officer at the US Embassy in Iraq, John Sullivan has praised the efforts of Iraq in the reform of the central bank, which confirmed that the bank «completed within a year more than what has been accomplished in the past 13 years." ...WHICH IS WHY THE CBI IS GETTING RAVE REVIEWS FROM IMF AND UST...AND THE TRANSPARENT CRITIQUE FROM POLITICAL AND MEDIA SOURCES SO TRANSPARENT AND SUSPECT... ...CBI REFORMING BANKING SECTOR...AND THE UST AND IMF LAUDING THEIR RESULTS WITH CLAIMS THAT THEY HAVE DONE MORE IN THE LAST YEAR...THAN THE PAST 13 YEARS COMBINED...THIS IS CRITICALLY IMPORTANT STUFF...
11-9-2016 Newshound Guru mike I'm disappointed in Iraq, especially now that Abadi's in charge. Maliki was a great excuse for all the violence, sectarianism, corruption and bad policies, but when Abadi came in he promised to get rid of all that and move the country forward economically. That hasn't happened. Instead, it's more of the same...This country could do so much better if the leadership would allow it to happen. ...in the face of complete ignorance and chaos I still have hope the dinar will increase in value. What I don't believe is that someone is going to wave a magic wand or push "the button" and make this happen. So, when I hear someone say that the dinar will increase in value without satisfying the requirements of the IMF and WB, I say nuts. I don't believe it will happen until they do what they're supposed to.
11-9-2016 Newshound Guru rcookie Article: "The central bank re - opening of branches in Arbil, Sulaymaniyah and linked officially" SO IN ADDITION TO OPENING NEW CBI BRANCH IN NAJAF FOR MIDDLE EUPHRATES REGION... HERE THEY ARE ANNOUNCING THE RE-OPENING OF ERBIL AND SULAYMANIYAH BRANCHES AND OFFICIAL RE-LINKING WITH ALL BRANCHES... [It almost like they are getting ready for something.] YES THEY ARE...AGREED...AND THE UST RIGHT THERE TO MAKE SURE THE I'S ARE DOTTED...T'S CROSSED...
11-9-2016 Newshound Guru FrostyTheSnowman IMO...there is WAAAAAYYY too much progress going on right now...the EVIDENCE / CONFIDENCE / SECURITY / DEMANDS / ACTION ... the PROGRESS has been HUGE!!!
11-9-2016 Newshound Guru Breitling There are some significant articles coming out of Iraq about the revaluation of their currency and I’m still digging in to find out who is saying this and what event they are saying it at. And make sure they are just not quotes. Here’s the thing…it’s coming down the road. You should be very happy, you really should. You should have confidence in this. You should have confidence in what the CBI states… Who’s managing this? the CBI. Who gave them their orders? Ministry of Planning and the Ministry of Finance, parliament. that’s it. That’s what you and I do…we follow that. Making sure that what they said there is actually accountability behind it…like the note count…hello! It’s that simple. You should be very very excited. I know people have been waiting for this to happen for a long time and it kind of dulled your senses. You went on the roller coaster ride. But this is more reality than all the bad information you got. Or the hype you were given. Or all the incorrect stuff you were told. You should be more excited about the reality of this.
11-9-2016 Intel Guru Bruce What we waiting for? Everything is basically complete. What we are looking for is when the lower denominations are completely out for the whole country. That is the next step. The lower denominations, 100 and less are about to be seminated in Iraq 2 hours after the morning prayers in Iraq tomorrow [Wednesday]. They will be put out throughout the whole country. There is a bond offering that started Saturday at noon...Last night these bonds were available to be actually to be purchased. It is important for these sales to take place for equity of these lower denominations coming out a couple hours after Morning Prayer. Also these bond transactions are elevating the rate of the Iraqi dinar. The rates are higher than we thought. That is where we are in terms of the process. The Intel as such is looking at reasonable conclusion without us calling it very shortly based on that information.
11-8-2016 Newshound Guru rcookie Article: "Masum planning calls for a general census of population" ANYONE KNOW WHY...A GENERAL CENSUS IS SO IMPORTANT...ANYONE KNOW HOW TO SPELL HCL...TO HEAR MASUM ACTUALLY CALLING FOR GENERAL CENSUS...WOW!
11-8-2016 Newshound Guru mike Article VIII is the key, they won't be able to reduce the money supply and create demand unless the currency is internationally recognized, if they just jump off the peg now I'm concerned that the dinar will drop significantly in value. It will marry up the market and official rates, but at extreme cost to the citizens by increasing inflation and reducing purchasing power. So, if they start the process in 2017, when will they accept Article VIII? We know the MCP has to hold for at least 90 days at 2% or less so that puts us roughly in April or May, at the very earliest. Then they accept Article VIII and begin to rebuild the economy and the currency and the dinar slowly begins to appreciate while the money supply decreases, I'm wondering how long that would take? By all estimates, the Iraqi's are talking about a two year process once it's begun, so for me, this puts it out a good bit. I guess the good news is that they'll actually begin the process in 2017...
11-8-2016 Newshound Guru rcookie SOMEONE ASKED ABOUT WTO ACCESSION PROGRESS AND STATUS... THEY ARE PREPARING A SPECIALIZED LEGAL TEAM TO DEFEND IRAQS FINANCIAL, ECONOMIC AND INVESTMENT RIGHTS INTERESTS IN LAWSUITS WHOSE COSTS CAN WEIGH HEAVILY AGAINST BUDGET AND WILL MINIMIZE SPENDING ON INT'L LAW FIRMS THAT IRAQI IS CURRENTLY SPENDING... ESTABLISHMENT OF ARAB UNION OF INTERNATIONAL ARBITRATION HEADQUARTERS IN BAGHDAD...A SPECIALIZED LEGAL TEAM TO REPRESENT IRAQS INTERESTS ON INTERNATIONAL TRADE AND BUSINESS... THINK ABOUT THIS RELATIVE TO ONE OF THE BIGGEST ISSUES INVOLVED WITH WTO ACCESSION...CONFLICT AND DISPUTE RESOLUTION BETWEEN TRADE NATIONS...AND IS OFFICIALLY REGISTERED WITH THE UNITED NATIONS...ANYONE NOT SEE THE POWER AND SIGNIFICANCE OF THIS MOVE TO THE INTERNATIONAL INVESTMENT COMMUNITY... AND WTO AND IMF....
11-8-2016 Newshound Guru Enorrste Article: "Central Bank: the deletion of zeros in early 2017" The following quote adds some fuel to our story: "this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity in the market." We see from this...that this precludes any LOP discussion. But more importantly there are the words "dynamics and mechanics" which clearly make this an ongoing process rather than an event. The key is the last phrase referencing maintaining the liquidity in the market. What makes this a particularly challenging process is that they are going to be reducing the money supply, which would normally reduce liquidity, but will be doing so only as the VALUE of the dinar rises, which will offset the reduction in liquidity. I can understand why they have been hesitant to begin the process. It hasn't ever been done before, that I am aware of. Usually a currency loses value due to inflation. In this case, however, the expectation is that it will gain in value. What they cannot afford is to have 50 trillion dinars out there if the value skyrockets upward. So I understand there caution.
11-8-2016 Intel Guru Frank26 Are we at the end of the road of the MR? I tried to tell you...that there is a Transitional Rate with the IQD. Prior to that we had talked about the RI (Reinstatement) – which there are many steps inside of it, not just one. All steps have to come to a conclusion...a closure. One of those steps is the take the IQD and to start using it Internationally...(Article 8)...with or without them telling you about it. ...articles start to appear...1, 2, 3...then 4...and now 5. All coming from the CBI...all talking about lifting the 3 zeros. IMO – there are agencies with the authority to do private things with the government of Iraq – with their currency...at a rate that we cannot see. Every bank in Iraq has the word INTERNATIONAL plastered on their lapel.
11-8-2016 Newshound Guru Breitling Question: [The CBI says they’re raising the dinar against the dollar but I really don’t understand the wording...are they allowing it to float?] Up until a $1.17 it’s going to be a dirty float. These guys are manipulating everything…again what are they using? There using the US dollar to pin against the dinar. They’re using the volume of dinar that are out there. And they’re using the auction floor…throwing the word float out there I don’t think it’s proper. But once they start staging it there will be more and more and more of a float. There will be more of a market driven value. That’s why they’re staging it like that. The CBI is hell bent…they are telling everybody. There are articles that came out [that I want to get more info on them…where they came from…what events were they talking at] but they are remarkable articles about the value of the dinar changing. But it’s no secret. Even without that information those type of articles coming out if you can’t see it coming you’re just not looking hard enough…
11-8-2016 Newshound/Intel Guru BGG [So what is your take on this latest "Upgrading of the Iraqi Currency" rash of articles?] ...even though this is likely a "second circle" commenter...it sure is nice to hear someone in that sphere talking (affirmation) along these lines... AND this isn't "confirming" anything HAS happened... but still adds another log on the "fire" - so to speak...and this speaks to the very heart of the matter for many people... "IS THIS REAL"? ...after all this FBI intervention... had this NOT BEEN REAL - there is NO DOUBT they would have been able to attack the veracity of this - as an investment around that time. Having had (more than one) FTF interactions with the FBI - NOT ONCE did they do this... NOT ONCE did they attack the veracity of the currency as a "holding" or investment. AND...I (even for myself) go back to the FOUNDATIONAL DOCUMENTS as my "proofs" for my thesis... The SIGR Report...The LOI's...All of the IMF Documents. The EVIDENCE MOUNTS DAILY. "Affirmation"...
11-8-2016 Intel/Newshound Guru Mnt Goat Does this mean they can’t implement their current agreement? No! Of course they can continue on the path of reconciliation and get the HCL implemented, however I fully expect that once the budget is passed we will then see the Hydrogen Carbon Law (HCL) also come before parliament and also passed very soon afterwards. It is important to the RV because I have been told many times the USA needs the oil revenue shared with the citizens and the benefits realized by the citizens or they will not sign off on the RV. ...it makes total sense to me and goes back to the GW Bush administration policy and mandates. This is what my contact has told me...Let’s wait and see. [post 2 of 2]
11-8-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is still the progress of retaking Mosul and then moving towards currency reform. We see also in today’s news that the HCL is being implemented and in the budget for 2017. Article Quote: "...the federal government and Kurdish implementation of the terms of agreement between them in the budgets of previous years, the oil agreement, as revealed included the Agreement itself in the budget of 2017..." WOW! The budget is expected to be approved last weekend. Still awaiting news of its passing. These are all very important issues that must be resolved. Does this mean HCL is done? Personally I still know that the PTB want legislation passed in parliament on the agreement and we still have not seen this done. [post 1 of 2....stay tuned]
11-7-2016 Intel Guru ADMINBILL NEWS FROM AOP (Authors of the Plan) YESTERDAY WAS SIMPLY THAT WE REMAIN ON TRACK WITH THE STANDARD BUMPS IN THE ROAD THAT MOVE IT OUT OR CONTINUE THE CONFUSION. SEVERAL REPORTS SATURDAY AND YESTERDAY THAT WE WOULD SEE THIS THEN OR TODAY...
11-7-2016 Intel Guru RayRen98 Things "popping" in Iraq. Lower denom's expected to be on the streets and in the hands of citizens sometime this week...Budget: Saturday was the 2nd reading and the third reading is to take place today. CBI: to get some adjustments today from the IMF regarding banking laws. All banks are synced and ready to go to International standards. Rates: DINAR...still thinking it will come out at around $3.71. Everything sounds good.
11-7-2016 Intel/Newshound Guru Backdoc Article quote: "Prime Minister Haider al - Abadi, make a gift to the first commander of the force raise the Iraqi flag over the city of Mosul , a declaration of liberation from Daesh terrorist gangs." GOOD CALL FRANKIE [GURU FRANK26]! JUST LIKE YOU SAID MY FRIEND! ACTIONS MEAN THINGS DON'T THEY? COMPLETION ON THE 7TH!
11-7-2016 Newshound Guru Enorrste The CBI will begin destroying the large notes, thus reducing the money supply, and this will put upward pressure on the value of the currency, irrespective of Article VIII. If they also accept the Article VIII conditions, which I believe is the stated goal of the IMF, then the process could move along much faster. Trade would improve in Iraq, thus allowing more money to come into the country, relieving the liquidity crisis somewhat, and this would allow the CBI to begin reducing the money supply. They are clearly on record that they want the money supply to be brought down to 40 billion dinars. They just have to have a mechanism to make this happen without too much of a jolt internally. And, of course, they have to START. I believe the article is saying that they have made a determination that the start will happen in early 2017. [post 2 of 2]
11-7-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency " [Guru] Mike, I tend to agree with you that entry into Article VIII is a necessary prerequisite. I doubt any serious investors in dinars would play in the dinar market without some form of level playing field that is offered through Article VIII. The market spread situation can be corrected by floating the currency. An announcement that the currency would be allowed to float would automatically make the official rate and the street rate identical. Furthermore, the plan is clearly stated to reduce the money supply from 50 trillion dinars to 40 billion dinars. They just haven't started the process yet. It is my take that the article ...is saying that this process will begin in early 2017. [reference Guru mike post 11-7-2016] [post 1 of 2....stay tuned]
11-7-2016 Newshound/Intel Guru BGG Article: "Central bank governor for "tomorrow Press": aspire to get foreign Sndhatna international guarantees" Quote: "...The governor of the Iraqi Central Bank on the Keywords, on Sunday, that the bank is trying to get international guarantees for foreign bonds..." One would have to assume this is a foregone conclusion...all of this IMF support is about "international acceptance".
11-7-2016 Newshound Guru Breitling ...They didn’t want to revalue while in Article 7 because they wanted all the restrictions lifted and that was it…there are a lot of people I know who are in American politics still around and they are still sitting on their seat. It was supposed to revalue. At what rate at what price we don’t know but they blew it off for whatever reasons. In hindsight if you look at what troubles came into the Middle East and how things were staged…they made the right decision. now it sucks for you and me because we want the money right? But for them they made the correct decision. If they pulled that trigger and all of a sudden because of the drama that is going on in that arena it went backwards…they probably would not have been able to recover from it. So they correctly avoided it.
11-7-2016 Newshound Guru mike Article: "Learn the benefits of removing zeros from the Iraqi currency" Bottom line, Iraq needs Article VIII compliance before the value will rise, the market spread is proving there's no demand for the dinar right now, in it's current state. ...it's going to take a while before you can begin to delete the zero's to begin with. So, if they start in 2017, when will the dinar be worth a dime? Secure the borders, pass the banking legislation, create an open market economy, remove exchange restrictions and reduce the MCP, then we'll see an increase in the dinar. If anything, the past has proven to us over and over there are no short cuts, the IMF isn't going to give a pass to the sixth most corrupt nation on the planet.
11-7-2016 Newshound/Intel Guru BGG ...the auctions have been a conduit of funds being used for nefarious purposes. [THEY ARE SHEDDING LIGHT ON THE 2ND SIDE OF THE WAR ON TERRORISM WHICH IS THE FINANCIAL AND ECONOMIC SIDE WHICH SUPPORTS THE TERRORISTIC ACTIVITIES...] They have been likely waging this side of the conflict for longer, with greater veracity than anyone is aware of...Mosul is getting all the headlines - but the financial side has been "fast and furious" for sometime now...Huge steps forward allowing the UST offices IN THE CBI.
11-6-2016 Newshound Guru Enorrste Finally, the statement is made that the dinar will takes its place in a "basket of currencies" that contribute to the "vital world exchanges." At present the only currencies that hold this sort of recognition are the dollar, Canadian and Australian dollar, pound, euro, and a few others. By making this bold statement, therefore, the author is re-iterating what we found from Saleh years ago namely that the dinar is going to become a world reserve currency. The only way in which the dinar can take this position is if it is internationally recognized, if Iraq is a part of Article VIII of the IMF Charter, if the value of the dinar is commensurate with that of the world's reserve currencys (worth about a dollar American, more or less), and is supported by reserves that PROVE that it is a strong currency. The current reserves of $40 billion are sufficient to make the currency the strongest in the world at $1 per dinar. Unlike the US, they won't need "the full faith and credit of Iraq" to support their currency. However, in addition to the highest relative reserves, Iraq also has the second highest known reserves of underground wealth in the world. Therefore it is well positioned to take its place as a world reserve currency as long as they stick to the plan. The bottom line for me is that this article, even if it is repeating a plan elaborated over a year ago, is more specific and continues the timeline from that earlier article. 2017 would appear to be the year when this will all truly begin to move forward. Keep your fingers crossed! [post 3 of 3]
11-6-2016 Newshound Guru Enorrste KAP [Guru Kaperoni] has rightly stated...that a minimum of $.10 for the value of the dinar would make it possible to begin removing the three zero notes. This means that we must look for a minimum of a 100 times increase in the value of the dinar sometime during the coming year. Second, the purpose is specifically stated to "support" the dinar and to make it a "competitor in world markets." At this point the dinar is not internationally recognized or tradable. Both of these factors must be eliminated for point number 2 to come to fruition. The only way in which they can "support" the dinar (in terms of value) and make it "competitive" in the world markets is to allow it to float and to rise to the point where the "support" and "competitive" value become real factors. I therefore expect to see the float start shortly after the new year. Third, this move will "serve the Iraqi economy." Clearly a move to a float and an internationally recognized currency will cause imports prices to fall quickly and allow for imports into Iraq more easily. This would, then, be consistent with point number 3 that the plan will "serve the Iraqi economy." [post 2 of 3....stay tuned]
11-6-2016 Newshound Guru Enorrste Article: "Learn the benefits of removing zeros from the Iraqi currency" I think it is time to start getting excited, again. The first thing that I noticed in this article is the follow quite specific statement: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world exchanges." There are four things to note here: (1) the large notes wil begin tol be deleted "beginning in 2017"; (2) the purpose is to make the dinar stronger (note the word "support" and the phrase "competitor of foreign currency"; and (3) this will "serve the Iraqi economy"; and (4) the dinar will take its place in the basket of currencies in the "vital world exchanges." Let's look at these one at a time. [First] The large notes will be deleted. This cannot be a LOP because a LOP would not change the value of the dinar, and the other three points above make it clear that the dinar will rise in value. Therefore, there is only one way that the large notes can be removed from the market place without destroying the fragile liquidity that exists in Iraq already: the value must rise enough to make it feasible to remove the large notes. [post 1 of 3....stay tuned]
11-6-2016 Intel Guru ADMINBILL ANOTHER WEEKEND IS ABOUT TO PASS US BY WITH NO RV. BUT...I CONTINUE TO BE TOLD IT IS ON THE WAY... [Isn't "now" also the timeframe that the authors of the plan had spoken of?] THAT WAS MY UNDERSTANDING BUT CIRCUMSTANCES CAN CHANGE FROM WHAT I AM TOLD. HANG IN THERE EVERYONE.
11-6-2016 Newshound Guru rcookie THE FIGHT AND PROGRESS AGAINST CORRUPTION HAS BEEN ONGOING SINCE ABADI TOOK OFFICE....BUT THESE ARE INTENSE STEPS AND COOPERATION BY CBI AND WASHINGTON TO CONFRONT AND ADDRESS THE AUCTION BREACHES...WHILE SIMULTANEOUSLY SETTING UP THE NEW ANTI CORRUPTION AML ANTI TERRORISM DEPARTMENT WITHIN THE CBI TO BE COMPLIANT WITH IMF MANDATES...AWESOME PROGRESS... [post 2 of 2]
11-6-2016 Newshound Guru rcookie Article: "Iraq and its allies and drying financing Daesh" Quote: "The Central Bank of Iraq and through close cooperation with the US side put a black list to prevent funds from reaching the territory controlled by Daesh, and has more than 150 companies today." SO...HERE WE HAVE DETAILS ON THE US TREASURY INVOLVEMENT WITH CBI...TO MONITOR USD SHIPMENTS FOR THE 1ST TIME...TO PREVENT DELIVERY OF USD TO ILLICIT DESTINATIONS...AND DESCRIBES AS TURNING POINT OF FIXING THE FAILURE OF THE AUCTIONS...AND THROUGH CLOSE COOPERATION DEVELOPED THE "BLACKLIST" OF BANKS TOTALING 150 THAT ARE NOW EXEMPT FROM AUCTION ACTIVITY... [post 1 of 2....stay tuned]
11-6-2016 Intel Guru Dr. Clarke Still Right on Schedule...Looks good for an NON-International rate increase BY around Dec. 1st, with an Official International status & Rate BY Jan. 1, 2017, when they officially begin their new fiscal year. The Dong status is the same...could increase at any moment, but it's likely to substantially increase BY Jan. 1st, as well...AND when VN begins fiscal year.
11-6-2016 Newshound Guru rcookie "Parliamentary Finance reveal: 2017 budget will include former oil agreement between Baghdad and Erbil" THE 2017 BUDGET LAW WILL INCLUDE OIL AGREEMENT BETWEEN BAGHDAD AND ERBIL...AND IMPLEMENTATION OF AGREEMENT SIMILAR AS IN PREVIOUS YEARS. EXACT SAME PARAMETERS AS 2016 BUDGET...ONLY NOW KURDS CAN EXECUTE FULLY WITH CEYHAN FULLY OPERATIONAL.
11-6-2016 Intel/Newshound Guru Mnt Goat It has been very difficult to control this corruption. Many ways have been tried. This in part has been the hold up of the launching of the new currency (the lower dinars) and going forward with the currency reform measures, as I am told by my CBI contact. As we know the CBI has already created a scarcity situation with the dinar in the process of the “project to delete the zeros”. They have told us they are ready and fully prepared to launch the lower denoms but had to postpone this effort due until the security situation in Iraq is fixed. [post 2 of 2]
11-6-2016 Intel/Newshound Guru Mnt Goat ...by the implementation of the customs and tariffs law Iraq is now able to track goods and services coming into Iraq. This is one reason why it was so imperative to get this law completed. So in following the proper customs and tariffs procedures it is a way of now matching the imports coming into Iraq to the demand for the dollar in these currency auctions at the banks. So far the demand far exceeds the imports. So where is all the extra dollars going if not to pay foreign debt? We see it is going to fund Daesh/ISIS terrorists and Iranian militia. [post 1 of 2....stay tuned]
11-5-2016 Newshound Guru Kaperoni As we get closer to the end of the year, we should see more informative dinar news if in fact the CBI is preparing to make changes to policy.
11-5-2016 Intel/Newshound Guru Mnt Goat We know they are working very closely with the IMF, World Bank and the WTO to put in place all financial and economic reforms. Why put all these reforms in place if not for a purpose. Certainly we know it is time for Iraq to move out of their “closed economy” and join the “global economy”.
11-5-2016 Newshound Guru Breitling Question: To take the dinar to international status do they have to be article VIII and no more than 2% spread for at least 90 days? They are at international status. Is there a bulletin board somewhere that says we don’t recognize the Iraqi dinar currency? What country gets to say the Iraqi dinar is a currency? You have the most powerful country that’s every existed on the planet that’s go the most powerful currency that has every existed on the planet and we’re the ones who actually produced their currency that they have right now. If you want credibility to know these guys are legit we’re the ones who set it up... Everyone in the dinar community was able to purchase the Iraqi dinar in their country so obviously there is no restriction …
11-5-2016 Newshound Guru Kaperoni Article: "Exclude" the application of a unified Gulf currency in the near term" Quote: "Confirmed economists, that put up a unified currency Lt six members of the Gulf Cooperation Council is unlikely in the long foreseeable future." More good news...for years the Middle East has talked about unifying to a single currency, which if it happened would not be good for us as we want to see Iraq with it's own strong Dinar. The statement "unlikely in the long foreseeable future" is good news for sure.
11-5-2016 Newshound Guru mike Article: "Central Bank: the deletion of zeros in early 2017" Quote: "... the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." ...this is a good one. I know we've heard it before but at some point these guys are going to have to make the necessary changes.
11-5-2016 Newshound Guru Kaperoni Article: "Learn the benefits of removing zeros from the Iraqi currency" Quote: "...the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project." Thats a good one...! High hopes and fingers crossed! We have a bit to wait yet. They need to end the war and clean out Mosul and I am sure they need to pass a few more laws. But this article for sure provides more clarity and confirmation on the plan.
11-5-2016 Intel Guru Delta [...the CBI auctions...for the last month or so have been showing numbers with discrepancy ...some of the numbers are not fully being reported...but hidden somehow?] They are not show the numbers (rate) on the spreadsheet for a while now. Something really is going on. We know they have to do it. They have no choice! They have a plan to do it...3 articles talk about it...It’s possible they are hiding it...waiting for the right timing. We are very, very close. The windows...Nov 7th or Dec 7th...if they want the money from the IMF...they have to do it! Watch and see what is going to happen.
11-4-2016 Intel/Newshound Guru tman23 This is the silent move suspected to be part of the process of lifting 3 zeros... Now in the past salary caps/budget and cuts...numbers worked out to speculating that a rate of 67 cents was in the formula...of course since then a great number of circumstances have entered the picture... The speculation today works out to 76 cents which would be on par with the Canadian Dollar and Australian Dollar... It is this 1305 number that is on the board....in the banks and at the CBI... Been waiting for this EXACT NUMBER to POST... IT was posted last night which in the opinion of "conspiracy theorists"...THE PROCESS IS ON TRACK... And it will without doubt have the 3 zeros lifted at the start of 2017... [post 2 of 2]
11-4-2016 Intel/Newshound Guru tman23 ...I posted back in April...The CBI governor said in several banking meetings inside and outside Iraq that the CBI plan was to maintain the rate of 1,305 through the end of 2016...The statement from the governor had bankers "shocked, disappointed, and not understanding the reasoning and none was provided"...BUT what is speculated is that this 1305 number has a significant role in the "numbers game" and lifting the 3 zeros... The speculation told to those who private message me is the start would have to begin at least 60 days before lifting 3 zeros... Just need to look/watch for unsuspected casual movements... Last night for the very first time in all banks across Iraq the rate posted 1,305... ...the rate fluctuates...it has been 1280, 1285, 1290, 1295, 1300, 1310... But NOT 1305 AND IT HAS posted the 60 days prior to the New Year that was the speculated timeline thought to see 1305... [post 1 of 2....stay tuned]
11-4-2016 Newshound Guru Breitling I don’t believe for one second that you and I will wake up and the very next day it will be a $1.17. They’ll stage it but it will go up and that’s the point. They’ve been telling everybody for years. What are the 3 main things we have to look for to make sure this thing is staged correctly? We watch the note count. We watch the competition within the country with what the dinar is competing against…the U.S. dollar mainly. And the auction floor. And it’s all coming full circle. They’ll be able to add value to their currency. They’ll stage it correctly they’ll be able to participate on the planet. So whatever they are not making in oil they can invest in other business on the planet. That’s how they’ll benefit from it. [Post 2 of 2 ]
11-4-2016 Intel Guru Delta The CBI tried for so many years to control the market rate...but couldn’t. It’s impossible because the USD is so dominate in Iraq. They have to make the IQD very effective and give it the power of purchase. Even when Shabibi was in charge, he couldn’t control it. We all know what the IMF has the right to do. This was the plan from a long time ago.
11-4-2016 Newshound Guru MadDscout [Is Iraq currently in Article 8?] They are working within art 8 but are not fully compliant. [Is the spread part of the problem?] They seem to have a handle on the spread. It is a matter of putting new banking laws into effect across the board which was talked about in a speech at the International Fair held in Iraq.
11-4-2016 Newshound Guru Breitling Iraq has oil...that’s it. So if they’re not making money on the oil they have to get it from somewhere else…right now they are in a restructuring stage. I get asked all the time, "when do you think it’s going to revalue?" It all depends on how far they can go and afford restructuring. Meaning how long can they go keeping their currency low and restructure for cheap? Well guys that’s coming to an end. they can’t do it any longer because of the market and the price per barrel. That’s why you’re seeing all these articles coming out and more and more from the CBI saying “we’re going to do it…we’re going to pull the trigger.” and that’s why people should be very very excited because it’s coming down the road and its not hype. It has to do with they’ve been kind of cornered. Having said that… [Post 1 of 2 stay tuned for the rest of the story]
11-4-20165 Newshound Guru MadDscout ...we are still in a very good place. They are still moving forward on many fronts. We are also seeing ground work being laid for the taxation structure and more evenly applied tarrifs. Much investment starting up in many places. We are watching Anbar being refurbished and all that is going on in Basra, and it's outlying cities. And a speedy push into Mosul. [Seems as though Mosul has to be liberalized from Islamic Terrorism...Then everything else starts to take place?] I can't say as I disagree...I don't say have to...But it will go a long way towards it. We know the CBI wants Political/Social stability.
11-4-2016 Intel Guru Delta We noticed yesterday, the auction details...looks like they are ready to change the rate. This is more and more confirmation that they are very, very close. The rate must change first before they introduce the lower denoms. In June/July, they got the 1st installment from the IMF...but the 2nd installment was supposed to happen before November. ...so what happened? I believe they are waiting for Mosul. The IMF is waiting for them to implement the reforms. They will meet on the 7th of November...but if Iraq isn’t done...they will wait until December 7th. A lot of investors...outside of Iraq is waiting to get in.
11-4-2016 Intel Guru Frank26 Banks in Mosul...are not connected to anything...9 months ago the coalition forces blew up the bank in Mosul...But not all of the banks. So what happened to them. They were secured and TURNED-OFF. If these banks are needed for the Monetary Reform...they can just REBOOT them...because it’s now an E-COMMERCE environment.
11-3-2016 Intel/Newshound Guru Backdoc REMEMBER THE IMF SAID THEIR LOAN REVIEW FOR IRAQ WOULD CONCLUDE ON NOV. 7TH OR DECEMBER 7TH...THIS MONTH OR NEXT...DIGITAL PAYMENTS SHOULD BE UP AND RUNNING! WITH THE COUNTRY CODE (IBAN) IN PLACE, IRAQ LOOKS TO BE READY TO MOVE MONEY CROSS BOARDERS.
11-3-2016 Newshound Guru rcookie Article: "Baghdad gallery .. motionless economic expansion of cooperation with the world" Quote: "Baghdad , the new international exhibition of 450 international companies representing 12 countries came ambitious and wide in the hope of achieving its goals closer cooperation with Iraq" ...A GREAT PRECURSOR TO BAGHDAD 43RD INTERNATIONAL FAIR...FEATURING MORE THAN 450 COMPANIES FROM 12 COUNTRIES... SHOWCASING IRAQI INVESTMENT OPPORTUNITIES FROM ALL SECTORS....
11-3-2016 Intel Guru ADMINBILL LAST WEEK WE WERE GIVEN INFORMATION THAT LEADS US TO BELIEVE THAT WE SHOULD SEE ACTIVITY VERY SOON. THERE ARE OTHERS THAT DO NOT BELIEVE WE ARE QUITE THERE YET STATING THAT THE INITIAL STEPS ARE NOT COMPLETED THAT WILL ALLOW ANY PRIVATE "CURRENCY" TO GET SPENDABLE FUNDS THROUGH THE WEEKEND AND INTO NEXT WEEK. THIS IS NOT A HOLD UP IT IS SIMPLY TAKEN LONGER THAN THOUGHT ACCORDING TO OUR SOURCE. [Are the authors of the plan leaning past the 10th or next week?] I HAVE NOT BEEN TOLD.
11-3-2016 Intel Guru Delta If you go to the CBI website and read their strategy/plan...they need to do the exchange rate. The plan includes 2016! Very significant...very huge! We believe they do have the DATE and the RATE! We believe that we are very close. For those who have Warka bank accounts...they really are in business. Most importantly, the IBAN (which is the identity of that bank)...and my account...I logged in as usual...and noticed something different. You now can see the account number and the IBAN code. That IBAN number...shows they are going international. I was so happy to see that! If they weren’t ready...they could have waited until next year. This is more confirmation....This is solid proof they are going international. All that is missing is the rate.
11-3-2016 Newshound Guru mike Article: "Central Bank of Egypt frees pound exchange rate" Quote: "determine the exchange rate of the local currency will be in accordance with the mechanisms of supply and demand." This sounds like the float type system that most countries use, supply and demand. The good new for Egypt is there are no exchange restrictions and they're in Article VIII. The last Article IV consultation with the IMF had Iraq remaining pegged to the dollar, if they unpeg and go to the supply/demand deal without Article VIII and the restrictions removed I'm betting the dinar will crater to somewhere around 1500-$1, if not lower. There just isn't any demand for the IQD right now, the peg is the only thing propping it up...IMO.
11-3-2016 Newshound Guru wmawhite ...it is always good to ask..."what is it that we know." Most of what we know comes from the Central Bank of Iraq. The most recent was two and a half weeks ago... "The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project...he added that "the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017..." ...other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.
11-3-2016 Intel Guru ADMINBILL THE INFORMATION IS NEITHER POSITIVE OR NEGATIVE. WE ARE SIMPLY WAITING TO SEE WHAT HAPPENS THIS WEEK. BANKERS AND INVESTMENT BROKERS ARE EXPECTING GREAT NEWS THIS WEEK AS I AM. I REMAIN CAUTIOUSLY OPTIMISTIC THAT THE INFORMATION WE HAVE RECEIVED IS ACCURATE. MY DATE WAS THE 1OTH.
11-3-2016 Intel Guru Frank26 The media and parliament is all talking about the Monetary Reform...Economists are telling the GOI to add value to the IQD to solve all of their problems. IMO – Abadi will NOT hesitate...the MOMENT Mosul is SAFE and SECURE/STABLE! He is surrounded by America’s BEST! ...everyone in Iraq is pressuring the CBI to raise the value of the IQD. Abadi is looking for that “perfect moment.” That man could flip the switch whenever he wants. All of this to be reported on the 7th of November...and plan B if it’s the 7th of December. [post 3 of 3]
11-3-2016 Intel Guru Frank26 Dr. Shabibi said he wanted to bring back the value of the 70’s – 80’s. Shabibi said that it depended on supply and demand. Supply and demand is about to happen by the citizens in Iraq. The IMF is ready...in my opinion...and Iraq is getting ready. IMO...a date and a rate is being explained to the IMF right now...on the 7th [November]...or the 7th [December]. Two days ago the finance committee met with Allak (and others) to see if things were improving. Auctions, rate, etc. We believe that is what those meetings were about. They only have to meet on November the 7th and not necessarily December the 7th. December is optional. If they are ready – it won’t be necessary. The meetings must be successful...and is inches away. [post 2 of 3....stay tuned]
11-3-2016 Intel Guru Frank26 Remember what we said about Fallujah? Give us Fallujah and we’ll give you the Economic Reforms? ...And the economic reforms poured out about a week BEFORE they gave you Fallujah. So here we are with Mosul and we’re within a ½ a click from Mosul...maybe closer. We’re almost at the CENTER of Mosul – in my opinion. When it comes to the news...it doesn’t get any better than that. Mosul is very close and...it will bring STABILITY AND SECURITY for IRAQ so they can move forward. We’re looking for a FLAG in Mosul and a FLAG of the Monetary Reform. [post 1 of 3....stay tuned]
11-3-2016 Newshound Guru wmawhite ...keep in mind, that the large notes will be needed in the market place until the prices of goods decrease...but the prices will not decrease until the value of the currency buying the goods increases in value significantly. So, when you are told the delete the zeros project will result in the need for the 50, 100 and 200 IQD notes, then you can assume that there is a change in the value coming soon. The smaller notes will coincide with the larger notes for up to ten years. The most important part of their statements is that the 50, 100 and 200 is expect either by 2017 or the beginning of 2017...and in order for the 50, 100 and 200 notes to work...and change in the value must occur. [post 2 of 2]
11-3-2016 Newshound Guru wmawhite Article: "Iraqi monetary system enhanced the currency of a new dinars" This is what the Central Bank said two and a half weeks ago..."He noted that" the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years, "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity." ...ancient coins...(coins/notes)... i.e. the notes you have today. The notes the citizens currently have will be accepted for 10 years. [WHICH IS THE SAME NOTES THAT WE HAVE.] In order for those smaller notes to be put into circulation/market place, the value must change. If the value changes then something will change with the peg as well as the auctions. In other words...these are all tied together...that is why it is referred to as a "project". [post 1 of 2....stay tuned]
11-3-2016 Newshound Guru Adam Montana [...It will soon be time to buy dog tags and that RV would sure help out. And I could sure use some new ham radio equipment...] That sounds like a Christmas wishlist, so hopefully it happens in time. If not, I don't think we're too far away so... GO RVVVVV!!!
11-2-2016 Newshound Guru Kaperoni Article: "Decline in central bank reserves to 40 billion dollars" The CBI is now trying to follow the IMF directive and they are losing reserves as a result of the more liberal foreign currency auctions. The problem is they never stopped the corruption first so all they are doing is fueling the fire at this point. Iraq needs to shut down the money laundering and theft through the private banks before they can solve the auction problem. Otherwise...the reserves will be gone soon. The alternatives are not patches or plugs but sound repairs and changes. IMO, the CBI cannot continue down the same path pegged to the dollar much longer unless they can fix this soon. The alternative is a disorderly exit to a float which may not be what we want to see at this time due to the lack of laws and investors.
11-2-2016 Newshound/Intel Guru BGG [...I've read that Iraq is on the white list and some say they aren't. What is correct?] That is likely a "process" they are in the middle of...value is likely nearer the end - but they MUST have international support...without international support who is there to "accept" their currency?
11-2-2016 Newshound Guru mike Article: "Decline in central bank reserves to 40 billion dollars" No real surprise here, we've known for a couple of years that the reserves will continue to erode unless they make changes. Another six months to a year and the options will disappear like the reserves...
11-2-2016 Newshound Guru Adam Montana MOSUL! Iraq is KICKING BUTT in the "beat ISIS" department... IT'S AWESOME! You're also going to see a good amount of good news about Oil, Parliament, Budget, and more! This is an exciting time! To summarize where we are, I think it's as simple as this: Iraq is making short work of ISIS in Mosul. Once they have a clear victory there, which should be very soon, they have no reason to delay on the HCL, which will be another major milestone for them, and it's a big 'ol downhill snowball effect from there. Did I mention it's an exciting time to be part of this?!
11-2-2016 Newshound Guru rcookie Article: "Auction of foreign currency" new look ... corruption in Iraq." Quote: "The "foreign currency auction", which was created after the US occupation of Iraq in April / May 2003, specifically in the year 2004 by the Central Bank of Iraq, represents a new form of the associated process of money laundering in Iraq, economic corruption..." HERE IS AN ARTICLE THAT OUTLINES THE LINK BETWEEN ECONOMIC AND POLITICAL CORRUPTION AND IN DETAIL...OUTLINES THE BREACHES AND FAILURES OF THE AUCTIONS...INTERESTING EPILOGUE...IRAQ CAN NOT BE RESCUED BY REFORMS ALONE...BECAUSE THE BASIS OF REFORM MUST BEGIN WITH THE TRIAL OF WHALES...AND RECOVER STOLEN IRAQI STATE FUNDS...
11-2-2016 Intel/Newshound Guru Mnt Goat ...the IMF promised a huge long term loan worth billions to be paid in installments over the next 5 years...This issue remaining is CURRENCY REFORM implementation. Iraq was also given one (1) year from Jan 1st 2016 to Jan 1st 2017 to stabilize the security and political situation of Iraq. ...So we can see the pressure is extreme to complete the last of the promised needed reforms and in particular the currency reform and to begin the process once again to launch the new lower denominations. It is the government of Baghdad target not to turn on the new currency until ISIS is gone. They told us by end of 2016 ISIS would be gone. [post 1 of 2....stay tuned]
11-2-2016 Newshound/Intel Guru BGG [Have they prioritized the key investment laws that will set the stage for an international currency and allow capital to flow into the country...?] They have had the Investment and Banking Laws "on deck" for a while now...there is NO DOUBT the IMF has given them "the word"...investors have to have "an exit" - otherwise they WON'T ENTER...the wall of investment income they are expecting - will NEVER HAPPEN... without the investment law...when it is time - BOOM.
11-1-2016 Intel Guru Bruce ...we know Iraq is pretty much done and complete. We are finding that Mosul was taken over bit by bit and the Iraqi flag put up every time they took back portion of the city. We heard there were fireworks yesterday afternoon throughout the country. Iraq did reinstate and revalue their rate. Why are the UN Operational rates not showing? They are not going to bring them up for us until they are ready for us to see them. We look for that to happen anytime, maybe tomorrow. Same thing as with the Forex. The Forex rates are noted in Europe and Asia for a few days now, but we are not able to see them. Again, we will see them when the time for us to see them is correct. We are looking forward also to see the new bank screen rates of currencies in the first basket. The Paris Agreement was suppose to go in effect the fourth of November. It went into effect today! That is big news. The world is gold backed now. This is very good piece of news...It is saying we are really there. We are just waiting until we are notified. The notification to begin our exchanges is the last step in our process.
11-1-2016 Newshound/Intel Guru BGG Article quote: "...predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year..." This will answer a lot of issues... I fully expect them to codify the "functional HCL" in the 2017 budget as they have in the past...in essence - whatever the impacts of a true HCL would have been - they go ahead and allocate and draw out such agreements "loosely" in the budget...executing the impacts of the HCL without having to go through the stress of the actual process.
11-1-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is the progress of retaking Mosul and then moving towards currency reform. In today’s news they are giving us a nice progress report of only after 2 weeks of fighting. So we can see they should be declaring victory sometime very soon over all Mosul area? I firmly believe victory will come before this week is over. We watch and hope.
11-1-2016 Newshound Guru Kaperoni Article: "US-led coalition: Mosul will be soon liberated" Quote: "The battle to liberate Mosul, ISIS last stronghold in Iraq, has been witnessing remarkable progress as they enter their 16th day."
11-1-2016 Intel Guru Frank26 The CBI cannot control the street market rate! Only an increase in the exchange rate can control the street market rate. Give it some power...and they did. 1,300...a slight PIP movement...which is a start. The citizens will be very proud of their currency soon. Will they start at 10 cents? 20 cents? I don’t know the rate or the date...The street rate needs the IQD to go up in value. A gradual increase in their currency is coming...the dropping of the 3 zeros. On plan...on schedule...which is exactly what they told their banks...only the IQD at the beginning of 2017. Take note, the IQD exchange rate may increase, but may take time for it to reach the international world, and I believe that is what we are going thru right now. These are the finishing touches to the monetary reform ...IMO...The free-float rate...will continue to increase...which I believe will be 1 to 1... [post 2 of 2]
11-1-2016 Intel Guru Frank26 Remember when Kuwait said they were not going to revalue their currency...and then they did? Remember when China came out with a full-page ad and told the world they were not going to change their currency – and three days later — they did? I believe this to be very well plotted out...which is what we’ve been studying. The IQD is going to go up in value. [post 1 of 2....stay tuned]
11-1-2016 Newshound/Intel Guru BGG [How does the deleting of the zeros affect out investment if we have all large bills?] ...the "Deleting of the Zeros" program - IS THE PROCESS of raising the value and removing the large notes from the marketplace. ...it is the "effect" you are looking for (BTW - this is that one instance "effect and affect" are ALMOST interchangeable. [Will we be able to cash in the large bills at the increased value?] The "affect" on your investment (if you have these large bills) is you will experience this surge in value... in fact, any size bills will do...it is highly likely you will be able to exchange these bills at an increased value. Obviously - why we are all here. However, none of what I portray is any long stretch - they have written directly on these subject(s).
10-31-2016 Intel Guru RayRen98 Iraq is celebrating like crazy with the complete overtaking of Mosul. That was on the television screens, with articles of military in downtown Mosul, etc. Exciting! ...my sources are saying everything is done and set, just waiting for an announcement. I don’t know exactly what that announcement is, and in time we will learn what impact Mosul will have on this release. It’s still earmarked to come out by the first. If Mosul was an issue, it won’t be now based on what we are hearing and seeing. From what I understand, everything is in alignment and ready to go – we’re just waiting for the push. There is no other information we are waiting for.
10-31-2016 Newshound Guru rcookie Article: "Economist: 2017 budget to meet its obligations with the private sector" ...THEY ARE DISCUSSING THE NECESSARY BUDGET REVENUE & EXPENDITURE REFORMS BEING APPLIED TO SUPPORT PRIVATE SECTOR ADVANCEMENT IN IRAQI ECONOMY...AND ROLE INT'L LOANS PLAY IN BRIDGING DEFICIT SHORTFALLS...THEY ARE TALKING ABOUT THE SUCCESS OF THE 2017 BUDGET IN ADDRESSING BOTH SIDES OF THE BUDGET... OPERATIONAL...AND DEVELOPMENTAL.
10-31-2016 Intel Guru ADMINBILL BASED UPON WHAT WE DISCUSSED LAST WEEK...WE SHOULD BE SEEING MOVEMENT THAT FORESHADOWS THE CONCLUSION OF THIS EVENT AS THE WEEK UNFOLDS. LOOK FOR OUT OF IRAQ AND MOVEMENT IN THE USA.
10-31-2016 Intel Guru Frank26 [via Militia] "[Guru] Delta...studies the CBI website for us...reads every article … interprets them. He pays attention to the spreadsheet...shows key numbers...projected rates...but some fields are blank. Projected rates show 14 to 15 cents...but the 2016 is blank. Now, some are no longer variables...they are now derivatives. So many things...and all before November. We believe...Abadi and Saleh are sending confirmations/ documentations to the IMF within the 10 days that we talked about --- which are coming to a close … all BEFORE November. IMO --- all an indication of their financial reform." Overall they are talking about the Monetary Reform everywhere...and Delta found 3 sources now ...and that’s why we tell you it is legit. The rate of the IQD must go up...and the Lower Denoms must be introduced. [Guru] Delta said that the article when he translated said that this “DID HAPPEN” (past tense) the value of the IQD – the word “yurfaw” (sp) translated means that it did happen. Street value? We’re not sure."
10-31-2016 Intel Guru RayRen98 Last night on Iraqi TV, it was announcing Iraqi forces now have complete control of Mosul. Is this the final step?
10-31-2016 Newshound Guru mike So far Iraq's plan is to borrow their way out but now that the stipulations are required, the plan got complicated. They've wasted two years under Abadi to pass the open market legislation because they thought the world would bail them out. Quit glad handing and get to work boys.
10-31-2016 Newshound Guru rcookie Article: "Muhammadawi: We seek to link Iraq to the economic capital of the world..." Quote: "We are trying to link Iraq's economic capital of the world through a stable and attractive... investment environment, creating ...We put forward the vision of Basra to attract investment on a large scale, and to create a...stable and attractive investment and linking Iraq's economic capital of the world through the stimulus on economic and trade cooperation on international and regional".environment..." HUGE...HUGE STATEMENT... INDICATING THAT THERE ARE EFFORTS TO TIE IRAQ TO THE ECONOMIC CAPITAL OF THE WORLD!
10-31-2016 Newshound Guru Islandg1211 ...the WTO website page on Iraq that clearly shows that Iraq has done NOTHING for years to further their membership. Iraq hasn't even had a working group meeting scheduled with the WTO the past few years. ...the FATF website info...said that they reviewed Iraq in June and they had four more requirements to complete before getting on the White List. So, Iraq is not on the White List, nor will they be by January unless they complete the requirements state. I said last January, Barzani gave a CNN interview and stated that Mosul wouldn't start for months, and it would take months to complete. I posted last New Years that Abadi gave a speech that day and said Mosul would be free "by the end of the year." Iraq has years to go to join the WTO. Iraq has more steps to complete to get on the FATF White List. Mosul was never expected to get done before the end of the year.
10-31-2016 Newshound Guru rcookie Article: "On the Keywords: we underestimated the effects of the financial crisis in Iraq in several ways" Quote: "Systems at the American University in Dahuk province, an economic conference, discuss the financial problems in Iraq, with the participation of senior financial and economic official" THIS IS THE DOHUK CONFERENCE... THEY AGAIN OUTLINE THAT CONTINUED ACCESS TO THE INT'L LOANS ARE DIRECTLY LINKED TO REFORMS CARRIED OUT BY IRAQ TO RECEIVE THE REMAINING $16 BILLION...WHICH THE 1ST REVIEWS TOWARD THE 1ST LEG OF LOANS ($5,3 BILLION) WILL OCCUR AFTER PUBLISHING OF THE 2017 BUDGET LAW...WHERE CONFIRMATION OF THOSE REVENUE AND EXPENDITURE REFORMS WILL RESIDE FOR 2017...THEN IRAQ CAN SAY "SHOW ME THE MONEY"...AND RECEIVE THE REMAINING INSTALLMENTS OF 2016 MONEY...AND NOWHERE... NOWHERE DO THE SBA LOANS ACCESS HAVE ANY TIE INTO A CURRENCY VALUE CHANGE...
10-30-2016 Newshound Guru Islandg1211 The IMF imposed requirements on the CBI to make economic reforms prior to getting another loan installment. The IMF isn't just giving Iraq money. One requirement is that Iraq improve their credit rating. Although, the IMF hasn't stated that the CBI has to raise their exchange, it's hard to imagine that that wasn't discussed. An article today on a meeting between Saleh, Allak and others quotes Allak stating that has requirements from the IMF in order to get more loan installments.
10-30-2016 Newshound/Intel Guru Bluedog Article: "Kuwait issued a clarification about" an Iraqi military movements unusual "near the border" SECURING...THE BORDER FOR WHAT? THAT WOULD BE MY OPINION AND OTHER BORDERS I WOULD THINK SO MONEY WILL NOT ESCAPE B4...WELL YOU KNOW WHAT...ALL IMO.
10-30-2016 Intel Guru RayRen98 Mosul reportedly has been cleared of Isis. The armies have their flags ready and are waiting on Ababi to plant the official flag...the expectation is Tuesday. Maliki referenced on TV as the reason Daesh was in Mosul. Supposedly, the international courts will try him on war crimes. Thousands of citizens are returning to Mosul since it is being declared cleared of Isis. How do these reports affect us? Time Will Tell if they were significant to the public release of the revalued international rates.
10-30-2016 Newshound Guru FrostyTheSnowman CNN posted this... "Thousands of civilians -- many of them women, children and the elderly -- have streamed into central Mosul as ISIS militants retreat from surrounding towns, witnesses told CNN Saturday."
10-30-2016 Intel/Newshound Guru Mnt Goat ...all the indications point in the direction of a massive revaluation in the very near future. But…FIRST we must also see the signs that the CBI is continuing with the “project to delete the zeros”.
10-30-2016 Newshound Guru rcookie Article: "Allawi back to the office and give up the financial dues" Quote: "The President of the National Coalition, Iyad Allawi, on Saturday, for his return to active duty as deputy president of the republic in order to "achieve unity,"..." AMAZING...THERE WERE REPORTS YESTERDAY OF HIS REFUSAL TO RETURN TO VP POSITION...AND KEEP IN MIND ALLAWI...UPON ANNOUNCING HIS RETURN AS VP...HAS NO INTENTION OF RELINQUISHING HIS ALLIANCES PURSUIT OF MINISTRY OF DEFENSE APPOINTMENT...
10-29-2016 Intel/Newshound Guru Mnt Goat The fact is there is none and so no RV... the RV can’t simply happen at any time. It will not and does not work that way. But if we carefully watch the process of the implementation of the new banking reforms and all the measures needed first in order to go international due to the necessity for ease of banking, ease of trade, ease of commerce and measures to combat corruption, then we might have a chance to see how this will lead to a massive revaluation someday soon. [post 3 of 3]
10-29-2016 Intel/Newshound Guru Mnt Goat ...we see that the CBI is optimistic that the when the war is over and country is more stable they can begin the process to “delete the zeros” once again (since they have decreased the supply already of the dinar.. We read many articles on this recently). When the demand increases. They need the momentum to kick start the process. Article quote: “cover of a fierce war waged by the Iraqi army valiant and security services and the factions of the crowd the popular Bible 's central bank has succeeded Iraqi in raising the value of the Iraqi dinar exchange rate against the US dollar in recent days”. So yes according to this article they did raise the value of the dinar already. But they already did it prior to this article being published. The operative word is “succeeded” meaning past tense. So...Where is the new rate on the international exchanges? [post 2 of 3....stay tuned]
10-29-2016 Intel/Newshound Guru Mnt Goat Articles: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar" "Dollar is deteriorating in front of the dinar" First of all they are talking about an improvement of the dinar value vs the dollar meaning from something like 1300 dinar to the dollar back down to 1188-1200... I can assure you these articles are NOT talking about any significant rise in the value of the dinar (like we want), even though they use the term “significant” their meaning of significant is not the same we are looking for. If you follow what the CBI is doing you follow the money. If you follow the money it leads you to the revaluation – a significant rise that we are looking for, BUT...the CBI must follow their planned process to have success in the currency reform...they will NOT just pop out a new rate such as $3.71 or $4.20 to the dinar with the flick of a wand. This simply is NOT the process and how it is going to happen. [post 1 of 3....stay tuned]
10-29-2016 Newshound Guru rcookie Article: "Money experts discuss ways to get rid of the economic crisis in the province and the center" Quote: "The first session included numerous interventions made by Messrs participants from various official economic actors and university professors." LOOK AT THIS MEETING AND THE ACTORS...MINISTER OF PLANNING JUMAILI...CBI GOVERNOR ALAK... FINANCIAL ADVISOR TO PM SALEH...KURDISTAN PLANNING MINISTER DR NABI...MINISTRY OF FINANCE UNDERSECRETARY HANDAL...HEAD OF IRAQI PRIVATE BANK ASSOCIATION ALATERCI...ALL MEETING AT DOHUK UNIVERSITY WORKSHOP TO DISCUSS THE ROLE OF CENTRAL BANK IN RESOLVING ECONOMIC CRISIS IN REGION AND THE COUNTRY...WOW!
10-29-2016 Intel Guru RayRen98 [Re: the "announcement made by the UN" -- if the UN announced that they have RVed what is your best guess of when we should be able to exchange? Isn't that the announcement we have been waiting for?] I would think so, but I haven’t found anything that supports that the UN made that announcement...no confirmation of that. The information is still good; some are hearing things from others that I am not hearing or not getting confirmation for. That doesn’t mean it’s not true, just that I haven’t heard the confirmations. Hopefully all of what you’re hearing is 100% true and accurate even though we haven’t seen it yet, nearly 24 hours later. We’ll just wait to hear. I’m excited about the weekend. Enjoy it! Everyone is still looking at the 1st November for this to come to a conclusion.
10-29-2016 Newshound Guru MadDScout Article: "The Central Bank succeeds in raising the value of Iraqi dinar to us dollar" I want everyone to keep their feet on the ground. We can only ever watch the action. When the action bears this out to be an accurate report, then I will throw a party. [IS this the only source of this sort of news?] No I have seen it in 5 places...5 sources... I am watching with both eyes.
10-28-2016 Newshound Guru MadDScout [Have all of the new ministers been approved?] Not yet...They are looking at the resume's. The COM is now looking through the submitted names...Then once they have consensus it goes to parliament.
10-28-2016 Newshound Guru 1bobby [Have all of the new ministers been approved?] I think next weeks sessions will tell us a lot of where they are as far as Ministers.
10-28-2016 Intel Guru ADMINBILL WE HEARD YESTERDAY MANY GOOD THINGS THAT POINT TO A CONCLUSION OF OUR ADVENTURE WITHIN THE TIME LINE I OUTLINED EARLIER THIS WEEK. [reference ADMINBILL post 10-27-2016]
10-28-2016 Newshound Guru MadDScout [Do you not think that Mosul is the lock, if Basra is the key? Iraq must have security stabilized.] I personally think Mosul is a big factor towards their social stability...And there are a lot of adjustment being made in the post Mosul discussion...There was a visit by the Speaker of parliament today in Erbil...There are what he called "adjustments" being made...and they infer territory and such as has "not been before". [Do you think that will become Kurd territory?] I took it that not all would be happy with the new arangements but they were for the greater good of Iraq. That seems to be what is being discussed.
10-28-2016 Intel Guru Frank26 [...are we in the 3 days till release?] ...3 days...10 days...A month...End of December...We do not focus on a DATE but STUDY these days and their events. Which IMO have been substantial in our evaluation. The RI is INTERNAL and a NEUTRAL event...IOO (in our opinion). The gradual IQD increase is occurring but not familiar to a majority. Yes IOO at any moment they can surprise us...The International Investors... But not until their RI phase is complete and we said the Mosul Liberation is but ONE of these RI Steps.
10-28-2016 Intel Guru Bruce What we know and confirmed to us is around 3pm today [Thursday] the Secretary General of the UN made announcement that Iraq did RV their currency. This counts as the international announcement for Iraq. We could be there within a few hours or a day or so. Not a lot longer for us. Tomorrow [Friday] maybe significant date as far as UN Operational rates being put out. They could be put out or maybe not be seen. They typically put out the rate and be effected the first of the month which would be November 1. Iraq is done, RV announced in the UN today. They hit the rate they intended to hit. We should be at the point of pre celebration.
10-28-2016 Newshound Guru 1bobby [new Guru] Article: "Iraq opens complex "General Electric" technologies in the North Rumaila" [Basra] So now we are seeing the benefits of these contracts that were and have been signed in the previous months. And it's also speaks to adding to the State Treasury. Basra's security is also improving on a daily basis. I know others have called Basra the new Dubai of the Middle East.
10-28-2016 Intel Guru SteveI Article: "Dollar is deteriorating in front of the dinar" I like the article a lot. I had a talk with a few of my guys, and they all agree that it sounds like the process has started but not made official yet. Quote: "CBI succeeded in raising the value of the Iraqi dinar against". ...in the past or previous news they would have said "in the near future", or "coming days or months", etc. To me succeeded means commenced or started. The other part I found very interesting is "a lot and recover the exchange rate of the Iraqi dinar". So just exactly what are the recovering from? ...Are they talking the the 3.21 rate? Another part I found positive is "after the economic scientific plan developed by organizers of the Central Bank of Iraq and new policy pursued by the Central Bank". ...the powerful part is the word "plan". This is something that had to have been in place previously and not just some made up statement for an article. The last thing I found interesting is the wording of "the value of the national currency exchange rate of the Iraqi dinar". I have never seen the word of
10-27-2016 Newshound Guru MadDScout [new Guru] Article: "Iraq opens complex "General Electric" technologies in the North Rumaila" Rumaila that is Basra right? Basra is a new hub of Investment opportunities...a very important hub for Iraq. Basra is...seeing a lot of business interest in recent days. It is very encouraging for the investment.
10-27-2016 Newshound Guru firefly And who was the IMF meeting with for these prior agreements and to be implemented? the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Finance Minister, Dr. Fadhil Nabee Othman, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministry of finance, the CBI, and a representative from the Kurdistan Regional Government. All financial reps! This picture is becoming VERY clear. [post 2 of 2]
10-27-2016 Newshound Guru Islandg1211 Iraq is NOT on the WHITE LIST when in fact FATF states that they have FOUR MORE REQUIREMENTS LEFT. ...in reviewing the FATF website today, it had no reference as to when Iraq would get on the "White List," only the four remaining steps required. Quote from FATF's website: "...Since June 2016, Iraq has taken steps towards improving its AML/CFT regime, including by: addressing remaining issues related to its criminalization of money laundering and terrorist financing; establishing a legal framework and procedures for identifying and freezing terrorist assets; and ensuring a fully operational and functioning financial intelligence unit. Iraq should continue to implement its action plan to address its remaining deficiencies..."
10-27-2016 Newshound Guru Adam Montana [Help me understand why this is taking so long...] It's been a long road for sure! Iraq has overcame many obstacles. They were plunged almost into the dark ages only a short decade ago. Does it seem like forever? Yeah, I agree. But in the grand scheme of it all... they have made amazing progress and when it's all over, it won't seem like it took that long.
10-27-2016 Newshound Guru firefly Press release: "Statement by an IMF Mission on Iraq" Quotes: “Once agreed upon additional information has been provided and agreed prior actions have been implemented, the IMF Board will consider the first review of the SBA, likely in November..." and agreed prior actions have been implemented...Can't get any clearer than that...You folks should be dancing in the streets. Prior agreements to be implemented huh? Love that sentence. Quote: "Once you submit the requested additional information and the implementation of actions agreed presets, the Executive Board will consider the first review of the standby credit agreement, which is likely to be in November or December." and the implementation of actions agreed presets...WOW...These words are what we've been waiting for for so many years! [post 1 of 2....stay tuned]
10-27-2016 Intel Guru ADMINBILL I HAVE SPOKEN TO ADDITIONAL CONTACTS TODAY THAT ARE NOW BEING TOLD PARTS OF WHAT I AM LETTING YOU KNOW...I AM RELAYING TO YOU IS WHAT I HAVE BEEN ALLOWED TO PASS ON... [...are there any more hold ups for the RV?] NONE THAT I HAVE BEEN INFORMED OF AND I DO EXPECT TO SEE ACTIVITY VERY SOON. [Did your info. this evening give you cause to readjust the target of Nov. 10th to sooner?] POSSIBLY...OKAY PROBABLY. BASED UPON WHAT I WAS TOLD TODAY AND WHAT I AM HEARING TONIGHT YOU NEED TO BE READY. I AM FEELING VERY GOOD ABOUT MY CALL TODAY AND SUBSEQUENT INFORMATION FROM OTHER SOURCES TODAY. DONG RATES WILL BE VERY GOOD. AS ALWAYS WE MUST ROLL WITH THE FLOW BUT THE FLOW SEEMS TO BE HEADED TO THE BANK.
10-27-2016 Intel Guru Frank26 I believe we have a good chance this Year ... Hence Christmas would come early... IMO.
10-27-2016 Newshound/Intel Guru Bluedog Article: "CBI succeeded in raising the value of the Iraqi dinar against the US dollar at a critical time Iraq is going through and circumstance and the Iraqi economy under the cover of a fierce war..." THIS IS IN SIMILAR TO WHAT [Guru] DELTA SAID WAS A LEGITIMATE ARTICLE JUST RECENTLY...NICE TO SEE A CONFIRMATION OF THE FIRST ONE...THIS IS GETTING LEAKED AND IMPOSSIBLE TO CONTAIN. [From Guru Delta]: CBI SUCCEEDED RAISING THE VALUE...PAST TENSE...TO ALL IRAQI CITIZEN...MEMO WAS SEND FROM CBI... WAITING FOR OFFICIAL ANNOUNCEMENT.
10-27-2016 Intel Guru RayRen98 It looks like the Budget will have its second reading and then they vote it in as a final piece. We’ll see how that unfolds. Abadi has announced that they are in the advanced stage of retaking Mosul. We saw some information about Iraq being connected to 400 international banks, and you don’t do that without international currency. [ I don’t understand why we are on the cusp of a major revaluation but there hasn’t been one word on any of the media channels. Why is that?] I have no idea why they’re not talking about it. Some things have not been made public yet, that’s why I say “if and when” until it happens. I’m thinking it will happen by the first based on what I am hearing.
10-27-2016 Newshound Guru Adam Montana [...when do we expect to hear if the budget is passed?] ...I feel that it's on pace to be passed by the 1st of the year if not sooner. [Do you think the HCL will be passed along with the 2017 budget and be published at the same time?] They look to be moving at about the same speed.
10-27-2016 Newshound Guru Kaperoni Article: "Currency auction burden on the Iraqi economy" They cannot stop the auctions until they have an alternative which is floating the dinar. And until they can demonstrate that they can manage the spread within Iraq, they will not get the green light from the IMF to exit the peg and move to Article VIII. ...this is the closest we have been to reform since late 2012 when Shabibi was run off. Hang in there!
10-26-2016 Intel Guru Bruce Quite a bit has happen the last 5 days or so. We are in a situation where the actual market rate is quite high, more than we ever thought. The banks are all set, lock down security. Everything is in a go mode. The UN operational rates coming up again to take in effect November 1. At the end of the month they adjust then are visible on the first of the next month. ...in Iraq yesterday now the Iraqi dinar is being traded and trying to get value up. Also the Iranian Rial reinstated their rate. The Dinar and Rial should go together at a value rate. The dinar information was printed in the Gazette and made known in the country of Iraq. The Gazette with this information is not available to us yet. Until we are ready to go, that information will be kept quiet. Iraq is ready, they are complete. Our belief is it is just about our turn to go.
10-26-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID ITS' FOREX VALUE WOULD MEET A REALITY VALUE IN OCTOBER. WELL, ITS OCTOBER. IT'S SHIA BROTHER (Iraq) IS IN THE SAME PROCESS IMO! "THE DEAL". THE IMF SAID THEY WOULD COMPLETE THEIR REVIEW FOR THE SECOND LOAN DISBURSEMENT ON NOVEMBER 7TH OR DECEMBER 7TH! ENJOY THE ACTIONS OF THE NEXT FEW DAYS MY FRIENDS, "ACTIONS MEAN THINGS"!
10-26-2016 Newshound Guru Adam Montana HCL FINALLY BACK ON THE TABLE! WOOOOOOTTT! And to go hand-in-hand with that MUCH WELCOME news, there is also this: Article: "Oil Minister announces the launch of 12 oil fields for development and investment" Seeing the parliament and ministries seats not yet filled was a little disappointing, but that's just a time issue. If not next week, the following perhaps. And simultaneously we have a strong chance of watching the HCL unfold, become active, and then my friends we are off to the races! I'm not going to call the deed "done" yet, but I strongly feel like we're almost at the point where it could really be "any day". [post 3 of 3]
10-26-2016 Newshound Guru Adam Montana The fight for Mosul is making incredible progress, and I really don't think they are getting credit for it like they should be! After a long run of half-hearted attempts to "attack" ISIS, they are finally doing it RIGHT. I expect to see huge victories in the next week or so, which is going to prop up Iraq's support and credibility in the world, and is taking them where they need to go. I am disappointed to see that Abadi has not been successful in appointing those last few deputies: Article: "State law excludes the resolution of the vacant ministries next week" In fact, unless they directly oppose this ruling, it looks like next week isn't our week either...we're not likely to see an RV this week. However...I saved the best for last! Ready? [post 2 of 3....stay tuned]
10-26-2016 Newshound Guru Adam Montana FINALLY, at the tail end of October, we're seeing the stuff we want. We discussed briefly earlier this month the OPEC push to reduce oil production. There are a lot of reasons for this push, and I'd say 90+% of the member nations understand and agree with it. But here's something interesting... "The head of the National Alliance, said that "Iraq should be excluded from any agreement that aims to cut oil production," attributing it to "the need for Iraq without the other for this exception being locked in a fierce war with Aldaasha terrorism on behalf of the world." Iraq is getting massive support in the fight against ISIS. ...this kind of agreement is a sweetheart deal for Iraq! Speaking of ISIS... [post 1 of 3....stay tuned]
10-26-2016 Intel/Newshound Guru Mnt Goat Article quote: "The prime minister Haider al-Abadi, Tuesday, Iraqi forces engaged in "an advanced stage" of liberalization city of Mosul" Many wonder about the progress of the battle for Mosul. Well the article...is telling us that after only 9 days of fighting they are moving now into the final phase. I totally believe they will be done by the end of this week and move on to the reconstruction and resettlement phases....this does not automatically mean an RV. Does Iraq need security? Yes- and getting rid of Daesh certainly moves them to that goal. But remember they still need the laws passed. They also told us a target timeframe of “early 2017”. We still have not heard any news about re-education to the citizens or the launching of the lower denominations and this we know are the next steps they must take in the final rounds of the process towards any significant increase in the value of the dinar...the final phases of the long 5 year process in this effort to moving to the international exchanges... It’s coming. [post 2 of 2]
10-26-2016 Intel/Newshound Guru Mnt Goat Very good news today to report. Again I say it is moving so quickly. Article quote: "the enactment of the oil and gas law is very difficult", so it need a political agreement for the legislation there must be an agreement between all the parties and after the enactment of the Act." Here come the HCL! Iraqi council of ministers knows they must have a legal law to administer the oil and gas policy in the country. This is much more than just the distribution of the 17% of the oil revenue to Kurdistan. I have explained many times...just how involved this HCL really is. This new law now also includes the Article 140 provisions. So now we see yet more news come out as they are meeting again on this issue and will continue to meet and change the draft HCL until it satisfies everyone and can be voted on. This is needed prior to any RV. It is closed [closer?] than ever and I believe they will be done with this law in the next couple weeks... [post 1 of 2....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq, through the CBI, will post and then announce, a substantially increased rate within the country, which WILL NOT be of International status, to Begin with right away, out of the blocks. We firmly believe they want to coincide this “in-country” rate, and give it enough time to settle in and be manageable, in order to then announce Publicly, an OFFICIAL International Tradable Currency, by JANUARY 1, 2017, which is the official start of their 2017 Fiscal Year - which means, we think this announcement will take place sometime, right BEFORE JANUARY 1st, 2017 - perhaps the Last Week of DECEMBER 2016. This ALL depends now, on whether Mosul is Liberated or not, in order to announce this International status - BECAUSE, if Mosul is Liberated, and if Raqqa is Liberated, THEN THEY CAN ANNOUNCE TO THE WORLD, THAT IRAQ IS TRULY ISIS FREE, SAFE, SECURE AND OFFICIALLY READY FOR BUSINESS. All In our Opinion... [post 3 of 3]
10-26-2016 Intel Guru Dr. Clarke Also, please understand that many other currencies, such as, and especially the VIETNAMESE DONG, have been held at bay, as to it’s value in the marketplace, due primarily to the status of ISIS worldwide, and specifically in Iraq & Syria. The reason, is that, for Everyone to go forward in the most beneficial way, from country to country, market to market, and to be Fully Secure and Safe to transact business... They did not want to risk it before, knowing many have had currencies, awaiting large movements upward. I know, most will argue this is NOT the case, but it is. Watch all the movement, in the weeks and months following the liberation of Mosul & Raqqa, and how some of these currencies will start moving upward in value...and of course, some others will begin a downturn, as a result of world economic balance. [post 2 of 3....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq cannot demonstrate its True, Complete Value in the marketplace, which includes it’s currency value, with ISIS still officially, located and operating within the country. But once, it’s Officially gone, THEN, almost instantly, Iraq’s value in the eyes of the World markets, will skyrocket, from then forward. Until then, they still have Value, but NOTHING COMPARED to when it’s ISIS free. That, my friends, is when you’ll see the Dinar’s International Exchange Rate, truly hit those high numbers, everyone is hoping will occur - but not before...and thus, the wait till Iraq is ISIS free, will have been worth it, and not for some premature very low rate, because their World Value, was minimized, for Security & Safety issues, within the country. This, as well, has been in the “Plan” for Iraq, U.S., and other countries connected with this full liberation, and “Pay back” for time and money spent in the endeavor of Iraq, the past 15 years. [post 1 of 3....stay tuned]
10-25-2016 ***** Dinar Guru Newsflash ***** Guru Frank26 is reporting on an article quoting a source from the CBI saying the exchange rate of the dinar will have a "significant" raise in value against the U.S. dollar over the next few days. This report has now been confirmed by multiple guru camps...so we have a consensus that it's a real article. Does the rate increase the source is referring mean the official CBI exchange rate (1182) OR the spread between the street rate and the official CBI exchange rate (1294) is yet to be seen. Stay tuned as the different gurus interpret the news and this EXCITING story unfolds over the next few days. [Update: Guru My Ladies perspective (see post below on the 24th) is the article has little weight at this time...] The latest guru updates are listed below...
10-25-2016 Intel Guru ADMINBILL [Any rates discussed or at least ranges?] IN COUNTRY RATE IS $3.71 AS REPORTED BY [Guru] RAYREN98. THE BASIC PREMISE FOR RELEASE WILL BE TO KEEP IT AS LOW KEY AS POSSIBLE... THESE GOOD PEOPLE HAVE BEEN TRYING TO GET THIS DONE FOR MONTHS. THEY BELIEVE THEY ARE THERE. WE ARE CLOSE - ON OR BEFORE THE 10TH IS A DAY TO LOOK AT AS A STRONG POSSIBILITY. [post 2 of 2]
10-25-2016 Intel Guru ADMINBILL I AM OFF THE PHONE AND READY TO ANSWER QUESTIONS...MY PHONE CALL WAS WITH ONE OF THE AUTHORS OF THE PLAN WHO WAS GIVEN PERMISSION SPEAK TO YOU THROUGH ME AND ANSWER QUESTIONS POSED TO ME TO THE BEST OF MY ABILITY. [...the Authors are also Implementers?] YES. [...when?] BY NOVEMBER 10TH. [Is the election influencing the release date?] NO... NEITHER IS IRAQ - MUCH OF WHAT YOU ARE HEARING ABOUT IN THE NEWS WAS COMPLETED MONTHS AGO. [post 1 of 2....stay tuned]
10-25-2016 Newshound Guru Kaperoni [why would Iraq depeg or stop selling the dollar and "free float" the dinar? It just doesn't seem likely...] ...is not a choice. It is not something that decided randomly, but an event as part of the CBI's monetary policy. To simplify, the CBI has what it calls a Capital Account...in which investment funds are that come through the banking system end up in. As the Capital Account grows, so does inflationary pressure on the Iraqi economy. As a result, the CBI, must have a more flexible exchange rate (some type of float) to counter this pressure. In other words, as investors and investment comes into Iraq, the exchange rate will rise. [post 2 of 2]
10-25-2016 Newshound Guru Kaperoni ...monetary policy is a set of procedures that the CBI must follow, like all central banks. Their are no short cuts. That being said, the CBI is trying to do what is right and they have an agreement (SBA) with the IMF to achieve those goals...It takes time and it is a process. [...can anyone...tell me why the US would give aid to Iraq without something in exchange, example, US insistence that Iraq stay pegged to the dollar?] The US has said no such thing. The IMF has stated so under the current conditions and that is because they are guiding the CBI through this financial crisis. [post 1 of 2....stay tuned]
10-25-2016 Intel Guru Frank26 The IMF is in business to make money with Iraq. There is no profit at a program rate. I told you, I don’t think we’ll ever see 1 to 1. They might surprise us all with the international rate when it does come out. In the ‘70’s and ‘80’s, it used to be around $2.80. When Saddam took over, it was over $3...and the Gulf Currency is launching around $2.60 to $2.70...which is a fair number to start at. We believe that the IMF may meet on the 7th of November to see if Iraq completed all they needed to do...but IMO...meetings are ongoing now. IMO – the MR consists of the RI...and that is for the IMF. The international world which consists of the Economic Reforms...which is the RV --- (which is not a part of the IMF). The RV is for the international investors. Give us Mosul...and you have the MONETARY REFORMS. Mosul is about 80-90% done. There is NO STOPPING the Monetary Reform. IMO – they are doing everything on time. The timing may frustrate you, but I think the timing is brilliant. [post 3 of 3]
10-25-2016 Intel Guru Frank26 ...within 10 business...(normally 30)...there would be some needed info passed to the IMF or in increase in the rate to qualify with what they are doing within their budget...to do a CURRENCY SWAP with the rate of the IQD against...(possibly) a basket of currencies. We believe the Abadi and Saleh are sending confirmations/documentations to the IMF within the 10 days...which are coming to a close...all BEFORE November. IMO --- all an indication of their financial reform. IMO -- each member of the IMF needs verification...before any change in rate...to be completed before November. IMO – that includes a rate change...that deals with contract goods. The letter to the IMF lets each member within the IMF knows of the rate. The IMF cannot finalize the agreement with Iraq until they see documentation. This will be the FINAL letter to the IMF within these 10 days. It will give the IMF a good idea of when Iraq will raise the value of their currency. [post 2 of 3....stay tuned]
10-25-2016 Intel Guru Frank26 There are things occurring behind the scenes with the Monetary Reform. IMO...countries are interested in doing business with Iraq...and Iraq is paying them ...maybe the IMF is paying them...the international world is doing business with Iraq...and they are paying for their goods. WHOA! IMO -- if that is true...the international world is gaining confidence with Iraq and the new ministers working with Abadi. A week ago, Sunday at 3:03 am Iraqi time...there was the “start” of the operations of Mosul...but I would say it was also the start of international business because they were put on a WHITE LIST. I believe that this TRANSITIONAL RATE that is being used...(not in front of our eyes, nor the CBI...because by law, they would have to tell you they are)...is being used...to bring in these goods. The citizens needed to trust the banks...but the international banks need to trust Iraq and their government. From black, to gray, to white ...(the list)...it means they are UNRESTRICTED! This is the freedom of movement and possibly within their capital...all IMF requirements. This is the Monetary Reform being born in front of your eyes! I believe that a countdown with the IMF started around that time. [post 1 of 3....stay tuned]
10-25-2016 Intel Guru Rayren98 Article over the weekend came out: "Central bank officials confirmed yesterday that the Iraqi dinar . . . coinciding with the liberation of the City of Mosul . . . News of the central bank decided to raise the value of the Iraqi dollar against the USD . . .in the coming view days the Iraqi dinar will have a considerable rise against the US dollar." Is this finally it? That's what we wait to find out. The article said, "changing the value and bringing it up against the USD in the coming few days." And a few days from Sunday, could be tomorrow [Tuesday], Wednesday. We got information over the weekend the last bank (in Mosul) needed to be linked into the system...between Sat. night and today...the bank in Mosul connected to the US system. Citizens being regularly updated on the status of Mosul. Budget was sent to Parliament on Friday. We knew when it hit Parliament floor and when it was going to be voted on. Reporting now that the 2017 budget is approved and published. Now we are awaiting some detail information. Remains to be seen the new rate reflected in this budget.
10-25-2016 Newshound Guru rcookie Article: "Government bonds and safe way to save" Quote: "Imad emirate is a financial reform imperative to resettle capital and attracting private investment, especially investment indirect, such as stocks and bonds, and require the reform process in this aspect a number of basic steps, including the development of the stock market in Iraq to their importance in activating the role of the private sector in the process of development." ONCE AGAIN...HUGE TALK OF FINANCIAL REFORM DRIVING RESETTLING OF CAPITAL AND ATTRACTING FOREIGN PRIVATE INVESTMENT...ESPECIALLY INDIRECT INVESTMENT LIKE STOCKS AND BONDS...AND IMPORTANCE OF LAUNCHING STOCK MARKET ROLE AS PRIVATE SECTOR DEVELOPMENT DRIVER...THAT ARTICLE IS HUGE...HUGE...HUGE...AND TIES IN MUCH OF THE RECENT ACTION AND NEWS WE HAVE BEEN READING ABOUT!
10-25-2016 Newshound Guru mike Article: "The budget bill includes 100 billion dinars Total investment and operational expenses" I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto. The delays for the second installment of loan money from the IMF is directly related to the 2017 budget, they kept telling Abadi to go back to the drawing board and trim more fat off the budget, and it looks like he's trying. The problem is...Parliament, they use words like "fair" and "need" and "astonishment" instead of "we're broke, this is the best we got."
10-25-2016 Newshound Guru BGG [Do you think we actually need all of these laws in place before we can see a rate change?] I do...just a couple of the more critical ones...Gen Amnesty was one, banking and investment are important to the WB/IMF...obviously. However, they are not much of a "hold-up" - they are on a "fast-track" to getting done. GO RV!!
10-25-2016 Newshound Guru Islandg1211 I've always been of the opinion that the IMF prefers to RV on a Thursday in the Spring, so I'm again looking at the last Thursday in March, March 30 - April 27, 2017, which is after Mosul would be liberated. THE IMF HISTORICALLY HAS RV'd IN APRIL. There's still a lot to get done politically. Abadi has to get his technocrat Ministers appointed. This was scheduled to be done last Spring. The GOI still hasn't passed important laws. The LOI also states that CBI needs to cut out the use of multiple currencies (USD) by "the end of the year." The Kurds have to actually vote in the HCL. Looking at what still needs to get done, Spring 2017 seems realistic, and between now and the RV, we should expect more RV articles appearing. IMO, the CBI can RV with the BIS and IMF's approval at any date and rate. [post 3 of 3]
10-24-2016 Newshound Guru Islandg1211 In any event, prior to the RV, we can expect to see some "peppering" of articles going over the plan to delete the zeroes and raise the value. In the past when Shabibi prepared to RV, he did work the press to educate the people on his plan. In this article, it's stating that the RV would happen once Mosul was freed from ISIS. Liberating Mosul includes a very complex political agreement with the Kurds and most likely, needs to include the HCL law being passed. I was very encouraged when in August an Article 140 territory dispute had a negotiated agreement to split the oil fields. I believe an agreement for Mosul's oil has also been reached but not announced. [post 2 of 3....stay tuned]
10-24-2016 Newshound Guru Islandg1211 Article: "CBI ANNOUNCES RAISING THE VALUE OF THE DINAR" Good to see a new RV Article! It's been awhile - not since ISIS, has the CBI made any serious announcement of raising the value of the Dinar. The IMF's two LOIs, both last December and June, mapped out steps for the CBI and the Minister of Finance to take in order to receive the loans. In the December LOI, the IMF projected that Iraq would join the international world "by mid-year." That was curious because the plan to rid Iraq of ISIS was also being formulated on a timeline with Mosul scheduled for liberation Oct-Winter. The plan to get rid of ISIS has to include the Monetary Reform in order to finally win the peace. Maybe the IMF's plan was just get Iraq ready to RV by mid-year when most of ISIS outside of Mosul was under control at this point, it seems like they have to wait to gain control over the Mosul. [post 1 of 3....stay tuned]
10-24-2016 Newshound Guru My Ladies Article: "ENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!" YES AND IT WILL RAISE SIGNIFICANTLY...RIGHT NOW THE BLACK MARKET IS AT 1300+ SO THEY WILL LIFT THE RATE TO CLOSE THAT GAP BUT IT WILL STILL NEVER SEE THE POSITIVE SIDE OF A DOLLAR...YOU NEED TO UNDERSTAND THERE IS A GAP BETWEEN THE OFFICIAL EXCHANGE RATE OF THE DINAR WHICH IS 1182 AND THE BLACK MARKET RATE WHICH IS 1300+ DINAR TO THE DOLLAR. NOW IF IRAQ DOES WHAT IT NEEDS TO DO TO CLOSE THAT GAP THAT WILL BE RAISING THE “PRICE” DINAR AGAINST THE DOLLAR WHICH WILL MAKE THE OFFICIAL RATE CLOSER TO THE 1300 BLACK MARKET RATE. THAT MEANS THE EXCHANGE RATE IS GOING IN THE OPPOSITE DIRECTION OF ANYONE HOPING TO MAKE A PROFIT.
10-24-2016 Newshound Guru BGG [...they could go to 500 dinar per dollar and float from there couldn't they. That would more than double the value...] They COULD do a lot of things... but that is not the characterization they've laid out in their official documents. Over and over...IMHO - they've told us what they intend to do. ...it is widely recognized the IQD is "grossly under-valued"... [.86 to 1.18?] I like where your head's at!! [post 2 of 2]
10-24-2016 Newshound Guru BGG [Guru] Kaperoni - Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors. I agree with the idea that the CBI's monetary policy must change... however, I am not convinced a "pure float" is anywhere close to what they have planned. In fact, several key documents plainly state otherwise. [post 1 of 2....stay tuned]
10-24-2016 Newshound Guru mike Article quotes: "...the parliamentary finance committee revealed on Monday, projected in the budget of 2017, which is estimated B79 billion dinars revenue, in addition to the total expenditure of 100 billion dinars." "stressing at the same time, "deducting a percentage of 4.8% of all employees' salaries and retired, to support the popular crowd and the displaced." I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto.
10-24-2016 Intel Guru AdminBill Article quotes: "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "...the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." I KNOW THERE HAS BEEN SOME VERY INTERESTING NEWS ARTICLES FROM IRAQ TODAY BUT PLEASE BEAR IN MIND THAT WE MUST STAY FOCUSED ON WHAT IS REAL. I HAVE TALKED TO A FEW PEOPLE I TRUST THAT HAVE TOLD ME THEY ARE HEARING THEY ARE NEARING THE END. ...IF THEY GO WE WILL KNOW IT.
10-24-2016 Newshound Guru Kaperoni Article: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar against the dollar" Quote: "...the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market...the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar" ...if they are talking about the spread, it is a good thing that they reduce it since currently its 1294 which is way over the 2% requirement. But I do like the words..."a significant rise in price against the US dollar".
10-24-2016 Newshound/Intel Guru BGG I don't know - how with the AVALANCHE of news lately - anyone can be anything be VERY optimistic.
10-24-2016 Intel Guru Frank26 "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." How quickly one's starvation can cause one to forget that only the CBI can make such a statement. Yes...Moments after they give You Mosul it may equal the MR. Note...You have no Mosul yet. So if someone from over there believes in their opinion that the MR is done or announced...Fine...But one should only Trust via Verification from...The CBI. But know this...IMF meetings are within days. Have to admit...Am very Fascinated by this. [Guru] DELTA says it is a legit Newspaper from Iraq.
10-23-2016 Newshound Guru rcookie ...LETS RECAP...WE HAVE THE IFC INVOLVED WITH IRAQ AND DEVELOPMENT PROGRESS...ADOPTION OF INT'L ACCOUNTING CONTROL STANDARDS...IBAN ROLLOUT AND IMF BANKING SUPERVISION CHECKLIST...BANKING REFORM AS THE BEGINNING OF ECONOMIC REVIVAL...ALNASIRI AND SALEH OUTLINING OF IRAQS PEACETIME ECONOMIC IDENTITY... ANNOUNCEMENT OF NEW 2018-2022 NDP...DEPOSIT INSURANCE ACT AND CBI SYSTEMIC LAUNCH OF DEPOSIT INSURANCE...AND INVESTMENT LAWS CONTRIBUTING TO RESETTLEMENT OF LOCAL FUNDS...THATS JUST THIS WEEK...WOW!!..
10-23-2016 Intel Guru ADMINBILL ANOTHER SUNDAY HAS DAWNED WITH NO RV...MY NEWS CONTINUES TO BE POSITIVE BUT, THEN AGAIN, NOTHING EVER COMES OF IT...WE DO NOT KNOW THE DATE OR RATE AND WON'T UNTIL THE EVENT HAPPENS CONTRARY TO WHAT WE ARE TOLD FROM TIME TO TIME. THE LORD HAS BLESSED YOU TO BE A PART OF THIS EVENT WHILE OTHERS HAVE NOT BEEN SO LUCKY...IT IS OKAY TO BE FRUSTRATED.
10-23-2016 Newshound Guru Kaperoni Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors.
10-23-2016 Newshound Guru rcookie Article: "Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law" Quote: "The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday's meeting."
10-23-2016 Newshound Guru mike Article: "Legal expert: reducing the number of members of the House of Representatives does not need to amend the Constitution" "Euphrates News said the legal expert Tareq Harb, Sunday, to reduce the number of members of the House of Representatives does not need to amend the Constitution." It's kind of funny, the judicial branch just ruled that it was unconstitutional to remove the VP position's but now it's ok to reduce the members of Parliament. The house is on fire and these guys are watering the roses. When are they going to tackle the laws that will move this country forward?
10-23-2016 Newshound Guru rcookie [Would you tell us briefly how the new economic laws secures new revenue for the state treasury?] BECAUSE THE INFLUX OF INTERNATIONAL INVESTMENT WILL GENERATE HUGE NON-OIL REVENUES TO IRAQ...NEVER BEFORE EXPERIENCED...THEY WILL FINALLY START TO SEE SOME REVENUES CONTRIBUTED TO GDP FROM OTHER SOURCES THAN OIL...IT WILL DRIVE THE BANKING SECTOR...ADDRESS UNEMPLOYMENT AND POVERTY...THAT ARTICLES OUTLINE OF THE INVESTMENT...INSURANCE & STATISTICS LAWS ABOUT TO BE CHANGED...THIS IS IT...U N B E L I E V A B L E!!! ...THAT WAS SOME OF THE MOST SIGNIFICANT INFORMATION RELATIVE TO ECONOMIC & FINANCIAL LAWS THAT WILL DRIVE WHAT WE ARE LOOKING FOR...EVER....EVER... [post 2 of 2]
10-23-2016 Newshound Guru rcookie Article: "Economic laws to secure new revenue for the state treasury" Quote: "...seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country." THIS IS HUGE...HUGE...HUGE... AGENCY REGULATORY ACT...IRAQI COMMISSION ACT...CHAMBER OF COMMERCE LAW NO. 43 (1989)...ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME...THIS IS WHAT WE HAVE TALKED ABOUT ...CONCERNING THE CALL FROM IMF FOR ACCURATE...TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME...THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING! [post 1 of 2....stay tuned]
10-23-2016 Intel/Newshound Guru Backdoc THE PATTERNS OF SUCCESS ARE ALL AROUND US. CURRENCIES ARE ADJUSTING AS I'VE BEEN SHARING FOR SOME TIME. I SUSPECT THE CHANGES WE ALL HOPE TO SEE ARE CLOSER THAN WE MIGHT THINK BASED ON THE "ACTIONS THAT MEAN THINGS!" ...IMO.
10-23-2016 Newshound Guru Kaperoni Article: "During the first economic conference of the projects directed to put up new investment opportunities in Baghdad and the provinces" private investment is all wishful thinking until they open the banking sector/pass the needed laws.
10-23-2016 Newshound Guru rcookie Article: "Abadi presented to parliament his nominees for four ministries , including the defense and interior" "Abadi nominated both Irfan Hayali of the Ministry of Defense, and Qasim al-Araji for interior and Qutaiba al-Jubouri, Trade and Necmettin enhancer for industry and minerals."
10-22-2016 Newshound Guru Kaperoni Article: "Foreign banks are looking to withdraw from the Iraqi market" More pressure on the CBI to take the next step and open the banking system.
10-22-2016 Newshound Guru Aggiedad77 Iraq...may Peace be with you...as this year winds to a close and the existence of ISIS/DAASH is squashed...may you ring in the new year 2017 with PEACE in mind for all of your country and it's countrymen...A peace that can be shared internationally as you move forward...the pathway anointed with higher oil prices that will springboard your efforts in a way that was unexpected by many...but declared by a few...Breakthroughs indeed for opportunities both within and outside of your great country...let the future be bright for prosperity and peace for all...transitions in so many ways...war to peace...program rate to who knows what...reclusive country to internationally recognized leader... reforms that give way to exponential growth...let it be...all IMO.
10-22-2016 Newshound Guru Kaperoni Most of the articles coming out of Iraq say the progress in Mosul is good...ahead of schedule. I'm not so sure. Much more to come.
10-22-2016 Intel Guru ADMINBILL PERSONALLY I BELIEVE WE ARE CLOSE BUT HOW CLOSE IS THE QUESTION. IT IS DIFFICULT TO SAY OR EVEN GUESS AT THIS POINT. PERHAPS WE WILL BE SURPRISED TODAY WITH INFORMATION THAT WILL GIVE US SOME ANSWERS.
10-22-2016 Newshound Guru rcookie "Planning: Five-Year Development Plan 2018 - 2022 will be different from its predecessors" THAT IS THE $357 BILLION ACTION PLAN FOR DEVELOPMENT PROJECTS BROKEN DOWN BY SECTOR... INTERESTING TO COMPARE WITH PREVIOUS NDP'S...NATIONAL DEVELOPMENT PLAN...THIS IS WHY ONE WOULD INVEST IN IRAQ...THE REASON TODAYS ANNOUNCEMENT IS SO EXCITING IS THE NEW NDP AND THE FACT OF THEM TALKING ABOUT BEING PRIMARILY PRIVATE SECTOR DRIVEN.
10-22-2016 Newshound Guru Kaperoni Article: "Iraq receives a second loan from the International Monetary Fund" [does this mean they have raised the value of the dinar as per apparent requirement or not?] ...the official value of the dinar is 1182. There is no requirement for them to raise the value. The value will rise, only as a result of the CBI unpegging the dinar when the time is right to counter inflationary pressure created by investors and investment in Iraq. They need laws, stability and progress in many areas before that can happen.
10-22-2016 Newshound Guru OOTW As you know, there has been much going on in Iraq; with the implementation of Depositor's Insurance...retaking Mosul, and regarding the prosecution and/or exposure of the corrupt. Today, one of the major Iraqi News Sites, has printed an article calling out collusion between Maliki and Keywords regarding corrupt real estate practices. ...some great govt press releases...re solid movement forward in Iraq...There's much going on with the government...
10-21-2016 Newshound Guru Adam Montana [Security...the control of Daash, and gaining control of Mosul...what importance do you place on these events in regards to any future revaluation of the IQD?] I place them about medium importance, but the fact that there is great progress in the war against ISIS as of late is extremely encouraging!
10-21-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY? ONE DAY CLOSER TO BE SURE. THE QUESTION ALWAYS BEGS TO BE ASKED. HOW CLOSE IS CLOSE? I AM TOLD IT IS VERY CLOSE BUT THERE ARE NO SPECIFIC DATES GIVEN NOR ARE ANY RATES PROVIDED. IT APPEARS THEN AND SOUNDS LIKE WE ARE IN THE SAME POSITION WE WERE IN THIS TIME LAST YEAR AND THE YEAR BEFORE DOESN'T IT?. DEJA VU ALL OVER AGAIN. THE DIFFERENCE NOW IS THAT THE WORLD IS IN A FAR MORE DANGEROUS AND PRECARIOUS POSITION THAN THIS TIME LAST YEAR...I PRAY THAT WE ARE NEARING THE END AS SUGGESTED.
10-21-2016 Newshound Guru Adam Montana [Could you comment on [an] article [that] implies international e-commerce with Iraq is now happening with one company on a consumer retail basis...Could this be a (seemingly) imminent precursor to the event?] Iraq is making amazing leaps in the technological department! I remember 5 or 6 years ago we were talking about ATMs being more widespread, which was important to handle the "physical cash" aspect... we're well beyond that now. Many things were preventing progress from moving quicker, but we are well beyond that and the time is coming!
10-21-2016 Intel Guru Bruce We don’t do dates and rates. Do I know the rates? Yes I know to the penny. I won’t tell you. I can tell you they are going up, moving up, and moving up more. It is just not my job to put them out. As far as readiness is concern, we believe we are in a position to take advantage of this through our exchange process very shortly. Can’t say it is hours or days away, but not going to happen around Christmas. We can see certain things did have to occur. The Paris Agreement, the INDO Declaration, in Iraq with removable of ISIS and the taking back of Mosul, etc. I do believe we are under way what we are looking for. A process rolling out. A slow process. I would look for Iran and Iraq be prominent the next few days what they plan to do. It is imminent and in great shape moving forward. Super position...
10-21-2016 Newshound Guru Adam Montana I have nothing negative to report but I also have no RV to announce... in my opinion, there's a very simple reason: HCL. Now here's the good news: we've seen more on the HCL in the last week than we saw all summer! And THAT has me smiling... Parliament is making moves... - just look at the news... The HCL (oil agreement) is once again a TOPIC... it was NOT a topic for a few months. Are we close? Obviously closer than a month ago, and I can't say "yep for sure this week!", but the direction is good and there are only a few things left. Iraq has the fundamental ability and motivation to RV, and that's something that people either understand or deny. I'm monitoring the situation...
10-21-2016 Newshound Guru Breitling …They had never mentioned to the government or to the IMF or anybody that they wanted to get it to a buck and then they wanted to get it to $3.25…one of the things that’s interesting as they put out the new currency, when I got into it there was an expected rate of between 4 and 12 cents. The next thing you know there was a report put out about how General Petraeus was saying how popular the dinar was getting inside of Iraq itself. Here’s what people don’t understand…they were alarmed by it. It wasn’t a good thing…we basically put more US dollars into their economy. and they started printing even more notes…adding to the note count at the beginning. You had to have faith with what these guys were doing and saying. Shabibi stated they are adding value to it and eventually we are going to take 75% of those notes out and we’re going to add value to the currency and then we’ll change this currency out and make the denominations a lot smaller…That’s the statement he put out there. [Post 2 of 2]
10-21-2016 Newshound Guru mike Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." The good news about this article is that Iraq is finally engaging the world banking system's and pulling themselves out of the stone age. It doesn't, however, indicate a "internationally recognized" currency in Article VIII is right around the corner. I would bet that 95% of the money that goes through the IBAN system will be dollars that are purchased by Iraqi's at the bank.
10-21-2016 Intel Guru ADMINBILL POTENTIAL FOR A RATE INCREASE FAIRLY SOON HAS IMPROVED IN THE LAST 24 HOURS. THIS IS A HEADS UP. IT IS NOT A TORNADO ALERT. THE YARD IS MOWED. THE CAR IS GASSED UP AND I HAVE A NEW SUIT. I'M READY FOR THE FOOT TO FALL.
10-20-2016 Intel Guru Frank26 ...the IMF has given them an A+ in everything they are doing...and now they are going to reward them with that second loan...that is way ahead of schedule...the white list was way ahead of schedule. ...I am not too worried about the value right now...what we were worried about or concerned about was the note count...because they told you they were lifting the 000’s...you think it is from the exchange rate...we tried to explain it to you...they are lifting it from the streets...so they can lift it from the exchange rate...and I believe they have accomplished this. There are many steps and many parts to the Monetary Policy and IMO I see that they have been accomplished...the IMF has not said one single word about 2017...IMO...the IMF is preparing them to raise the value in 2016...and the other part...Iraq talks about 2017 because that is when Iraq wants to introduce the LD’s...that are affected by the RI that is occurring right now behind closed doors... [post 3 of 3]
10-20-2016 Intel Guru Frank26 Iraq came out and stated they have completed all IMF requirements...For the Financial Advisor of Abadi...Saleh...to come out and say...we’ve done everything the IMF has told us...how bold is that...for the IMF...to actually come out and say we are giving you now your second loan...in about 10 days...that will put us right about the beginning of November...I believe deep in my heart that the Monetary Policy has been launched. This Monetary Reform Plan is from the IMF...about six or seven years ago they put this together with Iraq...the Transition Rate right now is part of this plan...I believe they are doing something with their rate to try and get it to 1 to 1...and they did not write a plan for a LOP...they did not write a plan to stay at a program rate…IMO this Transitional Rate is bringing in commodities into the country of Iraq...and IMO this Transitional Rate is slowly moving up...up...for the purpose IMO to add value to the Iraqi dinar in country...I believe the negotiations that are occurring with this Transitional Rate are going to be seen with more evidence sometime around the second week of November...
[post 2 of 3....stay tuned]
10-20-2016 Intel Guru Frank26 ...these are interesting times...with our investment...we told you that IMO I felt around the 15th of October or just after that date the battle of Mosul would...start...I seriously, truly, and sincerely believe that once Iraq was put on the white list there was a decision made for Mosul...IMO...at 3:03 am on the 16th of this month I believe the Monetary Reform was put into its full swing of completion. The most important thing about Mosul...is that it has given us SS...STABILITY and SECURITY...SS is the reason why we are walking in the direction of the Monetary Reform now...from the nanosecond they were put on the white list...to the moment of the 3:03 am launch to attack Mosul...to begin the battle...those were the beginning of the green lights that have brought us SS now... [post 1 of 3....stay tuned]
10-19-2016 Newshound Guru Breitling "Question: Sounds like they’re having a hard time convincing people in Iraq to have confidence in the Dinar…how can they make them want to use it?" This is the power in knowing what happens to currency…if you know how it got there you can reverse it. Remember what we did. We put US dollars in their economy. Then we did Shock and Awe and their economy collapsed they started to use the US dollar. We printed the New Iraqi Dinar. They started using it. Remember…the dinar count at that time was around 30 Trillion dinar at it’s peak and 9 billion notes max…A report from the IMF said the Iraqi dinar’s real market rate was between 4 and 12 cents and I bought dinars based on that. [Post 1 of 2]
10-20-2016 Newshound Guru Kaperoni Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." [Surely to transfer money internationally , your money has to be internationally recognized?] The dinar is already internationally recognized. It's a choice by most banks to not accept it and exchange it worldwide because they are still in Article XIV under the IMF. Article VIII of sorts provides a sense of assurance that the CBI meets international standards and requirements (and therefore, makes the dinar more internationally accepted at the banks). What the Rasheed is doing here is a good thing for sure, but Article VIII will also be needed for it to be beneficial to Iraq.
10-20-2016 Newshound Guru Islandg1211 The WTO has a well structured path to membership with each step well defined. Iraq started the process under the Bush Administration, then stopped. There's been NO WORKING GROUP EVEN FORMED. There have been NO scheduled WTO Working Group meetings even scheduled in the past two years. Iraq is NO WHERE NEAR becoming a member according to the WTO website. They were probably closer to becoming a member under the Bush Administration's guidance and influence than they are now. Iraq has gone NO WHERE in 8 YEARS within the WTO ascension process... Iraq literally hasn't held a meeting in eight years... membership ascension is a step-by-step lengthy process. Iraq never even got to the second step.
10-20-2016 Intel/Newshound Guru Mnt Goat ...if it were not for these last 8 years of Maliki administration (2007-2014), Iraq would be 8 years ahead of where it is today. As we are witnessing now the progress Abadi has made in the short time in office we can see the renewed hope for Iraq. Once the corruption and the “will” to clean up the corruption and support the true democratic principles (constitution of Iraq) Iraq can now move ahead. Maybe in the end result this was a very good thing since was Iraq really ready to move to an international currency? [post 3 of 3]
10-20-2016 Intel/Newshound Guru Mnt Goat So eventually the USA did make the needed agreements but these agreements were difficult and needed “kid gloves” to manage. You see it was not just the Abadi government in Baghdad but also the Kurdistan region that needed to have solid agreements in place as to how to handle the new USA occupation of Iraq. So agreements were made with Kurdistan and the Baghdad government as to how to set the new government and to whom will provide the security and take over the region. [post 2 of 3....stay tuned]
10-20-2016 Intel/Newshound Guru Mnt Goat ...the battle for Mosul...As we waited months for the battle to begin, we are now seeing it being played out. ...you should know why the battle to free Mosul has been held up for so long. Many of us questioned this and asked why they don’t just attack and get it done already. USA needed an updated Status of Forces Agreement in place...So in 2014 Maliki was told that for USA troops to come back the USA needed immunity and an updated Status of Forces Agreement. He refused to give them both. Actually it was not until the new prime minister in Maliki’s place, that it was finally negotiated. [post 1 of 3....stay tuned]
10-20-2016 Newshound Guru Kaperoni Article: "Breaking #Iraq Criminal Court issued an arrest warrant ex- #Mosul governor Atheel al-Nujaifi for breach of security."
10-20-2016 Intel Guru ADMINBILL THE NEWS I AM HEARING IS VERY ENCOURAGING. I DO NOT WISH TO SPEAK OF WHAT I WAS HEARING OTHER THAN TO SAY MR. B INDICATES WE ARE VERY NEAR. [Do you know who Mr. B that ADMIN speaks of?] [MR. B HAS BEEN AROUND FOR 6 OR 7 YEARS AND IS EDUCATED ON WORLD ECONOMICS...WHO HAS BEEN SAYING FOR YEARS THIS WASN'T READY TO GO...]
10-20-2016 Newshound Guru Kaperoni Article: "Offensive against so-called Islamic State in Mosul going much
10-27-2016 Newshound Guru firefly And who was the IMF meeting with for these prior agreements and to be implemented? the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Finance Minister, Dr. Fadhil Nabee Othman, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministry of finance, the CBI, and a representative from the Kurdistan Regional Government. All financial reps! This picture is becoming VERY clear. [post 2 of 2]
10-27-2016 Newshound Guru Islandg1211 Iraq is NOT on the WHITE LIST when in fact FATF states that they have FOUR MORE REQUIREMENTS LEFT. ...in reviewing the FATF website today, it had no reference as to when Iraq would get on the "White List," only the four remaining steps required. Quote from FATF's website: "...Since June 2016, Iraq has taken steps towards improving its AML/CFT regime, including by: addressing remaining issues related to its criminalization of money laundering and terrorist financing; establishing a legal framework and procedures for identifying and freezing terrorist assets; and ensuring a fully operational and functioning financial intelligence unit. Iraq should continue to implement its action plan to address its remaining deficiencies..."
10-27-2016 Newshound Guru Adam Montana [Help me understand why this is taking so long...] It's been a long road for sure! Iraq has overcame many obstacles. They were plunged almost into the dark ages only a short decade ago. Does it seem like forever? Yeah, I agree. But in the grand scheme of it all... they have made amazing progress and when it's all over, it won't seem like it took that long.
10-27-2016 Newshound Guru firefly Press release: "Statement by an IMF Mission on Iraq" Quotes: “Once agreed upon additional information has been provided and agreed prior actions have been implemented, the IMF Board will consider the first review of the SBA, likely in November..." and agreed prior actions have been implemented...Can't get any clearer than that...You folks should be dancing in the streets. Prior agreements to be implemented huh? Love that sentence. Quote: "Once you submit the requested additional information and the implementation of actions agreed presets, the Executive Board will consider the first review of the standby credit agreement, which is likely to be in November or December." and the implementation of actions agreed presets...WOW...These words are what we've been waiting for for so many years! [post 1 of 2....stay tuned]
10-27-2016 Intel Guru ADMINBILL I HAVE SPOKEN TO ADDITIONAL CONTACTS TODAY THAT ARE NOW BEING TOLD PARTS OF WHAT I AM LETTING YOU KNOW...I AM RELAYING TO YOU IS WHAT I HAVE BEEN ALLOWED TO PASS ON... [...are there any more hold ups for the RV?] NONE THAT I HAVE BEEN INFORMED OF AND I DO EXPECT TO SEE ACTIVITY VERY SOON. [Did your info. this evening give you cause to readjust the target of Nov. 10th to sooner?] POSSIBLY...OKAY PROBABLY. BASED UPON WHAT I WAS TOLD TODAY AND WHAT I AM HEARING TONIGHT YOU NEED TO BE READY. I AM FEELING VERY GOOD ABOUT MY CALL TODAY AND SUBSEQUENT INFORMATION FROM OTHER SOURCES TODAY. DONG RATES WILL BE VERY GOOD. AS ALWAYS WE MUST ROLL WITH THE FLOW BUT THE FLOW SEEMS TO BE HEADED TO THE BANK.
10-27-2016 Intel Guru Frank26 I believe we have a good chance this Year ... Hence Christmas would come early... IMO.
10-27-2016 Newshound/Intel Guru Bluedog Article: "CBI succeeded in raising the value of the Iraqi dinar against the US dollar at a critical time Iraq is going through and circumstance and the Iraqi economy under the cover of a fierce war..." THIS IS IN SIMILAR TO WHAT [Guru] DELTA SAID WAS A LEGITIMATE ARTICLE JUST RECENTLY...NICE TO SEE A CONFIRMATION OF THE FIRST ONE...THIS IS GETTING LEAKED AND IMPOSSIBLE TO CONTAIN. [From Guru Delta]: CBI SUCCEEDED RAISING THE VALUE...PAST TENSE...TO ALL IRAQI CITIZEN...MEMO WAS SEND FROM CBI... WAITING FOR OFFICIAL ANNOUNCEMENT.
10-27-2016 Intel Guru RayRen98 It looks like the Budget will have its second reading and then they vote it in as a final piece. We’ll see how that unfolds. Abadi has announced that they are in the advanced stage of retaking Mosul. We saw some information about Iraq being connected to 400 international banks, and you don’t do that without international currency. [ I don’t understand why we are on the cusp of a major revaluation but there hasn’t been one word on any of the media channels. Why is that?] I have no idea why they’re not talking about it. Some things have not been made public yet, that’s why I say “if and when” until it happens. I’m thinking it will happen by the first based on what I am hearing.
10-27-2016 Newshound Guru Adam Montana [...when do we expect to hear if the budget is passed?] ...I feel that it's on pace to be passed by the 1st of the year if not sooner. [Do you think the HCL will be passed along with the 2017 budget and be published at the same time?] They look to be moving at about the same speed.
10-27-2016 Newshound Guru Kaperoni Article: "Currency auction burden on the Iraqi economy" They cannot stop the auctions until they have an alternative which is floating the dinar. And until they can demonstrate that they can manage the spread within Iraq, they will not get the green light from the IMF to exit the peg and move to Article VIII. ...this is the closest we have been to reform since late 2012 when Shabibi was run off. Hang in there!
10-26-2016 Intel Guru Bruce Quite a bit has happen the last 5 days or so. We are in a situation where the actual market rate is quite high, more than we ever thought. The banks are all set, lock down security. Everything is in a go mode. The UN operational rates coming up again to take in effect November 1. At the end of the month they adjust then are visible on the first of the next month. ...in Iraq yesterday now the Iraqi dinar is being traded and trying to get value up. Also the Iranian Rial reinstated their rate. The Dinar and Rial should go together at a value rate. The dinar information was printed in the Gazette and made known in the country of Iraq. The Gazette with this information is not available to us yet. Until we are ready to go, that information will be kept quiet. Iraq is ready, they are complete. Our belief is it is just about our turn to go.
10-26-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID ITS' FOREX VALUE WOULD MEET A REALITY VALUE IN OCTOBER. WELL, ITS OCTOBER. IT'S SHIA BROTHER (Iraq) IS IN THE SAME PROCESS IMO! "THE DEAL". THE IMF SAID THEY WOULD COMPLETE THEIR REVIEW FOR THE SECOND LOAN DISBURSEMENT ON NOVEMBER 7TH OR DECEMBER 7TH! ENJOY THE ACTIONS OF THE NEXT FEW DAYS MY FRIENDS, "ACTIONS MEAN THINGS"!
10-26-2016 Newshound Guru Adam Montana HCL FINALLY BACK ON THE TABLE! WOOOOOOTTT! And to go hand-in-hand with that MUCH WELCOME news, there is also this: Article: "Oil Minister announces the launch of 12 oil fields for development and investment" Seeing the parliament and ministries seats not yet filled was a little disappointing, but that's just a time issue. If not next week, the following perhaps. And simultaneously we have a strong chance of watching the HCL unfold, become active, and then my friends we are off to the races! I'm not going to call the deed "done" yet, but I strongly feel like we're almost at the point where it could really be "any day". [post 3 of 3]
10-26-2016 Newshound Guru Adam Montana The fight for Mosul is making incredible progress, and I really don't think they are getting credit for it like they should be! After a long run of half-hearted attempts to "attack" ISIS, they are finally doing it RIGHT. I expect to see huge victories in the next week or so, which is going to prop up Iraq's support and credibility in the world, and is taking them where they need to go. I am disappointed to see that Abadi has not been successful in appointing those last few deputies: Article: "State law excludes the resolution of the vacant ministries next week" In fact, unless they directly oppose this ruling, it looks like next week isn't our week either...we're not likely to see an RV this week. However...I saved the best for last! Ready? [post 2 of 3....stay tuned]
10-26-2016 Newshound Guru Adam Montana FINALLY, at the tail end of October, we're seeing the stuff we want. We discussed briefly earlier this month the OPEC push to reduce oil production. There are a lot of reasons for this push, and I'd say 90+% of the member nations understand and agree with it. But here's something interesting... "The head of the National Alliance, said that "Iraq should be excluded from any agreement that aims to cut oil production," attributing it to "the need for Iraq without the other for this exception being locked in a fierce war with Aldaasha terrorism on behalf of the world." Iraq is getting massive support in the fight against ISIS. ...this kind of agreement is a sweetheart deal for Iraq! Speaking of ISIS... [post 1 of 3....stay tuned]
10-26-2016 Intel/Newshound Guru Mnt Goat Article quote: "The prime minister Haider al-Abadi, Tuesday, Iraqi forces engaged in "an advanced stage" of liberalization city of Mosul" Many wonder about the progress of the battle for Mosul. Well the article...is telling us that after only 9 days of fighting they are moving now into the final phase. I totally believe they will be done by the end of this week and move on to the reconstruction and resettlement phases....this does not automatically mean an RV. Does Iraq need security? Yes- and getting rid of Daesh certainly moves them to that goal. But remember they still need the laws passed. They also told us a target timeframe of “early 2017”. We still have not heard any news about re-education to the citizens or the launching of the lower denominations and this we know are the next steps they must take in the final rounds of the process towards any significant increase in the value of the dinar...the final phases of the long 5 year process in this effort to moving to the international exchanges... It’s coming. [post 2 of 2]
10-26-2016 Intel/Newshound Guru Mnt Goat Very good news today to report. Again I say it is moving so quickly. Article quote: "the enactment of the oil and gas law is very difficult", so it need a political agreement for the legislation there must be an agreement between all the parties and after the enactment of the Act." Here come the HCL! Iraqi council of ministers knows they must have a legal law to administer the oil and gas policy in the country. This is much more than just the distribution of the 17% of the oil revenue to Kurdistan. I have explained many times...just how involved this HCL really is. This new law now also includes the Article 140 provisions. So now we see yet more news come out as they are meeting again on this issue and will continue to meet and change the draft HCL until it satisfies everyone and can be voted on. This is needed prior to any RV. It is closed [closer?] than ever and I believe they will be done with this law in the next couple weeks... [post 1 of 2....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq, through the CBI, will post and then announce, a substantially increased rate within the country, which WILL NOT be of International status, to Begin with right away, out of the blocks. We firmly believe they want to coincide this “in-country” rate, and give it enough time to settle in and be manageable, in order to then announce Publicly, an OFFICIAL International Tradable Currency, by JANUARY 1, 2017, which is the official start of their 2017 Fiscal Year - which means, we think this announcement will take place sometime, right BEFORE JANUARY 1st, 2017 - perhaps the Last Week of DECEMBER 2016. This ALL depends now, on whether Mosul is Liberated or not, in order to announce this International status - BECAUSE, if Mosul is Liberated, and if Raqqa is Liberated, THEN THEY CAN ANNOUNCE TO THE WORLD, THAT IRAQ IS TRULY ISIS FREE, SAFE, SECURE AND OFFICIALLY READY FOR BUSINESS. All In our Opinion... [post 3 of 3]
10-26-2016 Intel Guru Dr. Clarke Also, please understand that many other currencies, such as, and especially the VIETNAMESE DONG, have been held at bay, as to it’s value in the marketplace, due primarily to the status of ISIS worldwide, and specifically in Iraq & Syria. The reason, is that, for Everyone to go forward in the most beneficial way, from country to country, market to market, and to be Fully Secure and Safe to transact business... They did not want to risk it before, knowing many have had currencies, awaiting large movements upward. I know, most will argue this is NOT the case, but it is. Watch all the movement, in the weeks and months following the liberation of Mosul & Raqqa, and how some of these currencies will start moving upward in value...and of course, some others will begin a downturn, as a result of world economic balance. [post 2 of 3....stay tuned]
10-26-2016 Intel Guru Dr. Clarke Iraq cannot demonstrate its True, Complete Value in the marketplace, which includes it’s currency value, with ISIS still officially, located and operating within the country. But once, it’s Officially gone, THEN, almost instantly, Iraq’s value in the eyes of the World markets, will skyrocket, from then forward. Until then, they still have Value, but NOTHING COMPARED to when it’s ISIS free. That, my friends, is when you’ll see the Dinar’s International Exchange Rate, truly hit those high numbers, everyone is hoping will occur - but not before...and thus, the wait till Iraq is ISIS free, will have been worth it, and not for some premature very low rate, because their World Value, was minimized, for Security & Safety issues, within the country. This, as well, has been in the “Plan” for Iraq, U.S., and other countries connected with this full liberation, and “Pay back” for time and money spent in the endeavor of Iraq, the past 15 years. [post 1 of 3....stay tuned]
10-25-2016 ***** Dinar Guru Newsflash ***** Guru Frank26 is reporting on an article quoting a source from the CBI saying the exchange rate of the dinar will have a "significant" raise in value against the U.S. dollar over the next few days. This report has now been confirmed by multiple guru camps...so we have a consensus that it's a real article. Does the rate increase the source is referring mean the official CBI exchange rate (1182) OR the spread between the street rate and the official CBI exchange rate (1294) is yet to be seen. Stay tuned as the different gurus interpret the news and this EXCITING story unfolds over the next few days. [Update: Guru My Ladies perspective (see post below on the 24th) is the article has little weight at this time...] The latest guru updates are listed below...
10-25-2016 Intel Guru ADMINBILL [Any rates discussed or at least ranges?] IN COUNTRY RATE IS $3.71 AS REPORTED BY [Guru] RAYREN98. THE BASIC PREMISE FOR RELEASE WILL BE TO KEEP IT AS LOW KEY AS POSSIBLE... THESE GOOD PEOPLE HAVE BEEN TRYING TO GET THIS DONE FOR MONTHS. THEY BELIEVE THEY ARE THERE. WE ARE CLOSE - ON OR BEFORE THE 10TH IS A DAY TO LOOK AT AS A STRONG POSSIBILITY. [post 2 of 2]
10-25-2016 Intel Guru ADMINBILL I AM OFF THE PHONE AND READY TO ANSWER QUESTIONS...MY PHONE CALL WAS WITH ONE OF THE AUTHORS OF THE PLAN WHO WAS GIVEN PERMISSION SPEAK TO YOU THROUGH ME AND ANSWER QUESTIONS POSED TO ME TO THE BEST OF MY ABILITY. [...the Authors are also Implementers?] YES. [...when?] BY NOVEMBER 10TH. [Is the election influencing the release date?] NO... NEITHER IS IRAQ - MUCH OF WHAT YOU ARE HEARING ABOUT IN THE NEWS WAS COMPLETED MONTHS AGO. [post 1 of 2....stay tuned]
10-25-2016 Newshound Guru Kaperoni [why would Iraq depeg or stop selling the dollar and "free float" the dinar? It just doesn't seem likely...] ...is not a choice. It is not something that decided randomly, but an event as part of the CBI's monetary policy. To simplify, the CBI has what it calls a Capital Account...in which investment funds are that come through the banking system end up in. As the Capital Account grows, so does inflationary pressure on the Iraqi economy. As a result, the CBI, must have a more flexible exchange rate (some type of float) to counter this pressure. In other words, as investors and investment comes into Iraq, the exchange rate will rise. [post 2 of 2]
10-25-2016 Newshound Guru Kaperoni ...monetary policy is a set of procedures that the CBI must follow, like all central banks. Their are no short cuts. That being said, the CBI is trying to do what is right and they have an agreement (SBA) with the IMF to achieve those goals...It takes time and it is a process. [...can anyone...tell me why the US would give aid to Iraq without something in exchange, example, US insistence that Iraq stay pegged to the dollar?] The US has said no such thing. The IMF has stated so under the current conditions and that is because they are guiding the CBI through this financial crisis. [post 1 of 2....stay tuned]
10-25-2016 Intel Guru Frank26 The IMF is in business to make money with Iraq. There is no profit at a program rate. I told you, I don’t think we’ll ever see 1 to 1. They might surprise us all with the international rate when it does come out. In the ‘70’s and ‘80’s, it used to be around $2.80. When Saddam took over, it was over $3...and the Gulf Currency is launching around $2.60 to $2.70...which is a fair number to start at. We believe that the IMF may meet on the 7th of November to see if Iraq completed all they needed to do...but IMO...meetings are ongoing now. IMO – the MR consists of the RI...and that is for the IMF. The international world which consists of the Economic Reforms...which is the RV --- (which is not a part of the IMF). The RV is for the international investors. Give us Mosul...and you have the MONETARY REFORMS. Mosul is about 80-90% done. There is NO STOPPING the Monetary Reform. IMO – they are doing everything on time. The timing may frustrate you, but I think the timing is brilliant. [post 3 of 3]
10-25-2016 Intel Guru Frank26 ...within 10 business...(normally 30)...there would be some needed info passed to the IMF or in increase in the rate to qualify with what they are doing within their budget...to do a CURRENCY SWAP with the rate of the IQD against...(possibly) a basket of currencies. We believe the Abadi and Saleh are sending confirmations/documentations to the IMF within the 10 days...which are coming to a close...all BEFORE November. IMO --- all an indication of their financial reform. IMO -- each member of the IMF needs verification...before any change in rate...to be completed before November. IMO – that includes a rate change...that deals with contract goods. The letter to the IMF lets each member within the IMF knows of the rate. The IMF cannot finalize the agreement with Iraq until they see documentation. This will be the FINAL letter to the IMF within these 10 days. It will give the IMF a good idea of when Iraq will raise the value of their currency. [post 2 of 3....stay tuned]
10-25-2016 Intel Guru Frank26 There are things occurring behind the scenes with the Monetary Reform. IMO...countries are interested in doing business with Iraq...and Iraq is paying them ...maybe the IMF is paying them...the international world is doing business with Iraq...and they are paying for their goods. WHOA! IMO -- if that is true...the international world is gaining confidence with Iraq and the new ministers working with Abadi. A week ago, Sunday at 3:03 am Iraqi time...there was the “start” of the operations of Mosul...but I would say it was also the start of international business because they were put on a WHITE LIST. I believe that this TRANSITIONAL RATE that is being used...(not in front of our eyes, nor the CBI...because by law, they would have to tell you they are)...is being used...to bring in these goods. The citizens needed to trust the banks...but the international banks need to trust Iraq and their government. From black, to gray, to white ...(the list)...it means they are UNRESTRICTED! This is the freedom of movement and possibly within their capital...all IMF requirements. This is the Monetary Reform being born in front of your eyes! I believe that a countdown with the IMF started around that time. [post 1 of 3....stay tuned]
10-25-2016 Intel Guru Rayren98 Article over the weekend came out: "Central bank officials confirmed yesterday that the Iraqi dinar . . . coinciding with the liberation of the City of Mosul . . . News of the central bank decided to raise the value of the Iraqi dollar against the USD . . .in the coming view days the Iraqi dinar will have a considerable rise against the US dollar." Is this finally it? That's what we wait to find out. The article said, "changing the value and bringing it up against the USD in the coming few days." And a few days from Sunday, could be tomorrow [Tuesday], Wednesday. We got information over the weekend the last bank (in Mosul) needed to be linked into the system...between Sat. night and today...the bank in Mosul connected to the US system. Citizens being regularly updated on the status of Mosul. Budget was sent to Parliament on Friday. We knew when it hit Parliament floor and when it was going to be voted on. Reporting now that the 2017 budget is approved and published. Now we are awaiting some detail information. Remains to be seen the new rate reflected in this budget.
10-25-2016 Newshound Guru rcookie Article: "Government bonds and safe way to save" Quote: "Imad emirate is a financial reform imperative to resettle capital and attracting private investment, especially investment indirect, such as stocks and bonds, and require the reform process in this aspect a number of basic steps, including the development of the stock market in Iraq to their importance in activating the role of the private sector in the process of development." ONCE AGAIN...HUGE TALK OF FINANCIAL REFORM DRIVING RESETTLING OF CAPITAL AND ATTRACTING FOREIGN PRIVATE INVESTMENT...ESPECIALLY INDIRECT INVESTMENT LIKE STOCKS AND BONDS...AND IMPORTANCE OF LAUNCHING STOCK MARKET ROLE AS PRIVATE SECTOR DEVELOPMENT DRIVER...THAT ARTICLE IS HUGE...HUGE...HUGE...AND TIES IN MUCH OF THE RECENT ACTION AND NEWS WE HAVE BEEN READING ABOUT!
10-25-2016 Newshound Guru mike Article: "The budget bill includes 100 billion dinars Total investment and operational expenses" I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto. The delays for the second installment of loan money from the IMF is directly related to the 2017 budget, they kept telling Abadi to go back to the drawing board and trim more fat off the budget, and it looks like he's trying. The problem is...Parliament, they use words like "fair" and "need" and "astonishment" instead of "we're broke, this is the best we got."
10-25-2016 Newshound Guru BGG [Do you think we actually need all of these laws in place before we can see a rate change?] I do...just a couple of the more critical ones...Gen Amnesty was one, banking and investment are important to the WB/IMF...obviously. However, they are not much of a "hold-up" - they are on a "fast-track" to getting done. GO RV!!
10-25-2016 Newshound Guru Islandg1211 I've always been of the opinion that the IMF prefers to RV on a Thursday in the Spring, so I'm again looking at the last Thursday in March, March 30 - April 27, 2017, which is after Mosul would be liberated. THE IMF HISTORICALLY HAS RV'd IN APRIL. There's still a lot to get done politically. Abadi has to get his technocrat Ministers appointed. This was scheduled to be done last Spring. The GOI still hasn't passed important laws. The LOI also states that CBI needs to cut out the use of multiple currencies (USD) by "the end of the year." The Kurds have to actually vote in the HCL. Looking at what still needs to get done, Spring 2017 seems realistic, and between now and the RV, we should expect more RV articles appearing. IMO, the CBI can RV with the BIS and IMF's approval at any date and rate. [post 3 of 3]
10-24-2016 Newshound Guru Islandg1211 In any event, prior to the RV, we can expect to see some "peppering" of articles going over the plan to delete the zeroes and raise the value. In the past when Shabibi prepared to RV, he did work the press to educate the people on his plan. In this article, it's stating that the RV would happen once Mosul was freed from ISIS. Liberating Mosul includes a very complex political agreement with the Kurds and most likely, needs to include the HCL law being passed. I was very encouraged when in August an Article 140 territory dispute had a negotiated agreement to split the oil fields. I believe an agreement for Mosul's oil has also been reached but not announced. [post 2 of 3....stay tuned]
10-24-2016 Newshound Guru Islandg1211 Article: "CBI ANNOUNCES RAISING THE VALUE OF THE DINAR" Good to see a new RV Article! It's been awhile - not since ISIS, has the CBI made any serious announcement of raising the value of the Dinar. The IMF's two LOIs, both last December and June, mapped out steps for the CBI and the Minister of Finance to take in order to receive the loans. In the December LOI, the IMF projected that Iraq would join the international world "by mid-year." That was curious because the plan to rid Iraq of ISIS was also being formulated on a timeline with Mosul scheduled for liberation Oct-Winter. The plan to get rid of ISIS has to include the Monetary Reform in order to finally win the peace. Maybe the IMF's plan was just get Iraq ready to RV by mid-year when most of ISIS outside of Mosul was under control at this point, it seems like they have to wait to gain control over the Mosul. [post 1 of 3....stay tuned]
10-24-2016 Newshound Guru My Ladies Article: "ENTRAL BANK TO RAISE THE PRICE OF THE DINAR AGAINST THE DOLLAR!!" YES AND IT WILL RAISE SIGNIFICANTLY...RIGHT NOW THE BLACK MARKET IS AT 1300+ SO THEY WILL LIFT THE RATE TO CLOSE THAT GAP BUT IT WILL STILL NEVER SEE THE POSITIVE SIDE OF A DOLLAR...YOU NEED TO UNDERSTAND THERE IS A GAP BETWEEN THE OFFICIAL EXCHANGE RATE OF THE DINAR WHICH IS 1182 AND THE BLACK MARKET RATE WHICH IS 1300+ DINAR TO THE DOLLAR. NOW IF IRAQ DOES WHAT IT NEEDS TO DO TO CLOSE THAT GAP THAT WILL BE RAISING THE “PRICE” DINAR AGAINST THE DOLLAR WHICH WILL MAKE THE OFFICIAL RATE CLOSER TO THE 1300 BLACK MARKET RATE. THAT MEANS THE EXCHANGE RATE IS GOING IN THE OPPOSITE DIRECTION OF ANYONE HOPING TO MAKE A PROFIT.
10-24-2016 Newshound Guru BGG [...they could go to 500 dinar per dollar and float from there couldn't they. That would more than double the value...] They COULD do a lot of things... but that is not the characterization they've laid out in their official documents. Over and over...IMHO - they've told us what they intend to do. ...it is widely recognized the IQD is "grossly under-valued"... [.86 to 1.18?] I like where your head's at!! [post 2 of 2]
10-24-2016 Newshound Guru BGG [Guru] Kaperoni - Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors. I agree with the idea that the CBI's monetary policy must change... however, I am not convinced a "pure float" is anywhere close to what they have planned. In fact, several key documents plainly state otherwise. [post 1 of 2....stay tuned]
10-24-2016 Newshound Guru mike Article quotes: "...the parliamentary finance committee revealed on Monday, projected in the budget of 2017, which is estimated B79 billion dinars revenue, in addition to the total expenditure of 100 billion dinars." "stressing at the same time, "deducting a percentage of 4.8% of all employees' salaries and retired, to support the popular crowd and the displaced." I'm looking forward to seeing Parliament's response to this budget, reducing staff by 25% and forcing a 5% paycut for all government employees so they can pay the PMU is going to be a tough pill to swallow. In the end, they need to get this passed, pronto.
10-24-2016 Intel Guru AdminBill Article quotes: "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "...the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." I KNOW THERE HAS BEEN SOME VERY INTERESTING NEWS ARTICLES FROM IRAQ TODAY BUT PLEASE BEAR IN MIND THAT WE MUST STAY FOCUSED ON WHAT IS REAL. I HAVE TALKED TO A FEW PEOPLE I TRUST THAT HAVE TOLD ME THEY ARE HEARING THEY ARE NEARING THE END. ...IF THEY GO WE WILL KNOW IT.
10-24-2016 Newshound Guru Kaperoni Article: "Coinciding with the victories of our security forces in Mosul, Central ..alpennek raise the price of the dinar against the dollar" Quote: "...the central bank decided to raise the value of the Iraqi dinar against the US dollar by financial mechanisms fall in its policies for indicating that these mechanisms are subject to the principle of supply and demand in the domestic market...the Iraqi dinar will see over the next few days, a significant rise in price against the US dollar" ...if they are talking about the spread, it is a good thing that they reduce it since currently its 1294 which is way over the 2% requirement. But I do like the words..."a significant rise in price against the US dollar".
10-24-2016 Newshound/Intel Guru BGG I don't know - how with the AVALANCHE of news lately - anyone can be anything be VERY optimistic.
10-24-2016 Intel Guru Frank26 "A source in the central bank said yesterday that the recent lifting of the price of the Iraqi dinar against the US dollar to coincide with the victories of our security forces and is moving towards liberalization City Almousel.oukal..." "The source , who preferred not to be named , said the Iraqi dinar will see over the next few days , a significant rise in price against the US dollar." How quickly one's starvation can cause one to forget that only the CBI can make such a statement. Yes...Moments after they give You Mosul it may equal the MR. Note...You have no Mosul yet. So if someone from over there believes in their opinion that the MR is done or announced...Fine...But one should only Trust via Verification from...The CBI. But know this...IMF meetings are within days. Have to admit...Am very Fascinated by this. [Guru] DELTA says it is a legit Newspaper from Iraq.
10-23-2016 Newshound Guru rcookie ...LETS RECAP...WE HAVE THE IFC INVOLVED WITH IRAQ AND DEVELOPMENT PROGRESS...ADOPTION OF INT'L ACCOUNTING CONTROL STANDARDS...IBAN ROLLOUT AND IMF BANKING SUPERVISION CHECKLIST...BANKING REFORM AS THE BEGINNING OF ECONOMIC REVIVAL...ALNASIRI AND SALEH OUTLINING OF IRAQS PEACETIME ECONOMIC IDENTITY... ANNOUNCEMENT OF NEW 2018-2022 NDP...DEPOSIT INSURANCE ACT AND CBI SYSTEMIC LAUNCH OF DEPOSIT INSURANCE...AND INVESTMENT LAWS CONTRIBUTING TO RESETTLEMENT OF LOCAL FUNDS...THATS JUST THIS WEEK...WOW!!..
10-23-2016 Intel Guru ADMINBILL ANOTHER SUNDAY HAS DAWNED WITH NO RV...MY NEWS CONTINUES TO BE POSITIVE BUT, THEN AGAIN, NOTHING EVER COMES OF IT...WE DO NOT KNOW THE DATE OR RATE AND WON'T UNTIL THE EVENT HAPPENS CONTRARY TO WHAT WE ARE TOLD FROM TIME TO TIME. THE LORD HAS BLESSED YOU TO BE A PART OF THIS EVENT WHILE OTHERS HAVE NOT BEEN SO LUCKY...IT IS OKAY TO BE FRUSTRATED.
10-23-2016 Newshound Guru Kaperoni Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors.
10-23-2016 Newshound Guru rcookie Article: "Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law" Quote: "The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday's meeting."
10-23-2016 Newshound Guru mike Article: "Legal expert: reducing the number of members of the House of Representatives does not need to amend the Constitution" "Euphrates News said the legal expert Tareq Harb, Sunday, to reduce the number of members of the House of Representatives does not need to amend the Constitution." It's kind of funny, the judicial branch just ruled that it was unconstitutional to remove the VP position's but now it's ok to reduce the members of Parliament. The house is on fire and these guys are watering the roses. When are they going to tackle the laws that will move this country forward?
10-23-2016 Newshound Guru rcookie [Would you tell us briefly how the new economic laws secures new revenue for the state treasury?] BECAUSE THE INFLUX OF INTERNATIONAL INVESTMENT WILL GENERATE HUGE NON-OIL REVENUES TO IRAQ...NEVER BEFORE EXPERIENCED...THEY WILL FINALLY START TO SEE SOME REVENUES CONTRIBUTED TO GDP FROM OTHER SOURCES THAN OIL...IT WILL DRIVE THE BANKING SECTOR...ADDRESS UNEMPLOYMENT AND POVERTY...THAT ARTICLES OUTLINE OF THE INVESTMENT...INSURANCE & STATISTICS LAWS ABOUT TO BE CHANGED...THIS IS IT...U N B E L I E V A B L E!!! ...THAT WAS SOME OF THE MOST SIGNIFICANT INFORMATION RELATIVE TO ECONOMIC & FINANCIAL LAWS THAT WILL DRIVE WHAT WE ARE LOOKING FOR...EVER....EVER... [post 2 of 2]
10-23-2016 Newshound Guru rcookie Article: "Economic laws to secure new revenue for the state treasury" Quote: "...seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country." THIS IS HUGE...HUGE...HUGE... AGENCY REGULATORY ACT...IRAQI COMMISSION ACT...CHAMBER OF COMMERCE LAW NO. 43 (1989)...ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME...THIS IS WHAT WE HAVE TALKED ABOUT ...CONCERNING THE CALL FROM IMF FOR ACCURATE...TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME...THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING! [post 1 of 2....stay tuned]
10-23-2016 Intel/Newshound Guru Backdoc THE PATTERNS OF SUCCESS ARE ALL AROUND US. CURRENCIES ARE ADJUSTING AS I'VE BEEN SHARING FOR SOME TIME. I SUSPECT THE CHANGES WE ALL HOPE TO SEE ARE CLOSER THAN WE MIGHT THINK BASED ON THE "ACTIONS THAT MEAN THINGS!" ...IMO.
10-23-2016 Newshound Guru Kaperoni Article: "During the first economic conference of the projects directed to put up new investment opportunities in Baghdad and the provinces" private investment is all wishful thinking until they open the banking sector/pass the needed laws.
10-23-2016 Newshound Guru rcookie Article: "Abadi presented to parliament his nominees for four ministries , including the defense and interior" "Abadi nominated both Irfan Hayali of the Ministry of Defense, and Qasim al-Araji for interior and Qutaiba al-Jubouri, Trade and Necmettin enhancer for industry and minerals."
10-22-2016 Newshound Guru Kaperoni Article: "Foreign banks are looking to withdraw from the Iraqi market" More pressure on the CBI to take the next step and open the banking system.
10-22-2016 Newshound Guru Aggiedad77 Iraq...may Peace be with you...as this year winds to a close and the existence of ISIS/DAASH is squashed...may you ring in the new year 2017 with PEACE in mind for all of your country and it's countrymen...A peace that can be shared internationally as you move forward...the pathway anointed with higher oil prices that will springboard your efforts in a way that was unexpected by many...but declared by a few...Breakthroughs indeed for opportunities both within and outside of your great country...let the future be bright for prosperity and peace for all...transitions in so many ways...war to peace...program rate to who knows what...reclusive country to internationally recognized leader... reforms that give way to exponential growth...let it be...all IMO.
10-22-2016 Newshound Guru Kaperoni Most of the articles coming out of Iraq say the progress in Mosul is good...ahead of schedule. I'm not so sure. Much more to come.
10-22-2016 Intel Guru ADMINBILL PERSONALLY I BELIEVE WE ARE CLOSE BUT HOW CLOSE IS THE QUESTION. IT IS DIFFICULT TO SAY OR EVEN GUESS AT THIS POINT. PERHAPS WE WILL BE SURPRISED TODAY WITH INFORMATION THAT WILL GIVE US SOME ANSWERS.
10-22-2016 Newshound Guru rcookie "Planning: Five-Year Development Plan 2018 - 2022 will be different from its predecessors" THAT IS THE $357 BILLION ACTION PLAN FOR DEVELOPMENT PROJECTS BROKEN DOWN BY SECTOR... INTERESTING TO COMPARE WITH PREVIOUS NDP'S...NATIONAL DEVELOPMENT PLAN...THIS IS WHY ONE WOULD INVEST IN IRAQ...THE REASON TODAYS ANNOUNCEMENT IS SO EXCITING IS THE NEW NDP AND THE FACT OF THEM TALKING ABOUT BEING PRIMARILY PRIVATE SECTOR DRIVEN.
10-22-2016 Newshound Guru Kaperoni Article: "Iraq receives a second loan from the International Monetary Fund" [does this mean they have raised the value of the dinar as per apparent requirement or not?] ...the official value of the dinar is 1182. There is no requirement for them to raise the value. The value will rise, only as a result of the CBI unpegging the dinar when the time is right to counter inflationary pressure created by investors and investment in Iraq. They need laws, stability and progress in many areas before that can happen.
10-22-2016 Newshound Guru OOTW As you know, there has been much going on in Iraq; with the implementation of Depositor's Insurance...retaking Mosul, and regarding the prosecution and/or exposure of the corrupt. Today, one of the major Iraqi News Sites, has printed an article calling out collusion between Maliki and Keywords regarding corrupt real estate practices. ...some great govt press releases...re solid movement forward in Iraq...There's much going on with the government...
10-21-2016 Newshound Guru Adam Montana [Security...the control of Daash, and gaining control of Mosul...what importance do you place on these events in regards to any future revaluation of the IQD?] I place them about medium importance, but the fact that there is great progress in the war against ISIS as of late is extremely encouraging!
10-21-2016 Intel Guru ADMINBILL WHERE ARE WE TODAY? ONE DAY CLOSER TO BE SURE. THE QUESTION ALWAYS BEGS TO BE ASKED. HOW CLOSE IS CLOSE? I AM TOLD IT IS VERY CLOSE BUT THERE ARE NO SPECIFIC DATES GIVEN NOR ARE ANY RATES PROVIDED. IT APPEARS THEN AND SOUNDS LIKE WE ARE IN THE SAME POSITION WE WERE IN THIS TIME LAST YEAR AND THE YEAR BEFORE DOESN'T IT?. DEJA VU ALL OVER AGAIN. THE DIFFERENCE NOW IS THAT THE WORLD IS IN A FAR MORE DANGEROUS AND PRECARIOUS POSITION THAN THIS TIME LAST YEAR...I PRAY THAT WE ARE NEARING THE END AS SUGGESTED.
10-21-2016 Newshound Guru Adam Montana [Could you comment on [an] article [that] implies international e-commerce with Iraq is now happening with one company on a consumer retail basis...Could this be a (seemingly) imminent precursor to the event?] Iraq is making amazing leaps in the technological department! I remember 5 or 6 years ago we were talking about ATMs being more widespread, which was important to handle the "physical cash" aspect... we're well beyond that now. Many things were preventing progress from moving quicker, but we are well beyond that and the time is coming!
10-21-2016 Intel Guru Bruce We don’t do dates and rates. Do I know the rates? Yes I know to the penny. I won’t tell you. I can tell you they are going up, moving up, and moving up more. It is just not my job to put them out. As far as readiness is concern, we believe we are in a position to take advantage of this through our exchange process very shortly. Can’t say it is hours or days away, but not going to happen around Christmas. We can see certain things did have to occur. The Paris Agreement, the INDO Declaration, in Iraq with removable of ISIS and the taking back of Mosul, etc. I do believe we are under way what we are looking for. A process rolling out. A slow process. I would look for Iran and Iraq be prominent the next few days what they plan to do. It is imminent and in great shape moving forward. Super position...
10-21-2016 Newshound Guru Adam Montana I have nothing negative to report but I also have no RV to announce... in my opinion, there's a very simple reason: HCL. Now here's the good news: we've seen more on the HCL in the last week than we saw all summer! And THAT has me smiling... Parliament is making moves... - just look at the news... The HCL (oil agreement) is once again a TOPIC... it was NOT a topic for a few months. Are we close? Obviously closer than a month ago, and I can't say "yep for sure this week!", but the direction is good and there are only a few things left. Iraq has the fundamental ability and motivation to RV, and that's something that people either understand or deny. I'm monitoring the situation...
10-21-2016 Newshound Guru Breitling …They had never mentioned to the government or to the IMF or anybody that they wanted to get it to a buck and then they wanted to get it to $3.25…one of the things that’s interesting as they put out the new currency, when I got into it there was an expected rate of between 4 and 12 cents. The next thing you know there was a report put out about how General Petraeus was saying how popular the dinar was getting inside of Iraq itself. Here’s what people don’t understand…they were alarmed by it. It wasn’t a good thing…we basically put more US dollars into their economy. and they started printing even more notes…adding to the note count at the beginning. You had to have faith with what these guys were doing and saying. Shabibi stated they are adding value to it and eventually we are going to take 75% of those notes out and we’re going to add value to the currency and then we’ll change this currency out and make the denominations a lot smaller…That’s the statement he put out there. [Post 2 of 2]
10-21-2016 Newshound Guru mike Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." The good news about this article is that Iraq is finally engaging the world banking system's and pulling themselves out of the stone age. It doesn't, however, indicate a "internationally recognized" currency in Article VIII is right around the corner. I would bet that 95% of the money that goes through the IBAN system will be dollars that are purchased by Iraqi's at the bank.
10-21-2016 Intel Guru ADMINBILL POTENTIAL FOR A RATE INCREASE FAIRLY SOON HAS IMPROVED IN THE LAST 24 HOURS. THIS IS A HEADS UP. IT IS NOT A TORNADO ALERT. THE YARD IS MOWED. THE CAR IS GASSED UP AND I HAVE A NEW SUIT. I'M READY FOR THE FOOT TO FALL.
10-20-2016 Intel Guru Frank26 ...the IMF has given them an A+ in everything they are doing...and now they are going to reward them with that second loan...that is way ahead of schedule...the white list was way ahead of schedule. ...I am not too worried about the value right now...what we were worried about or concerned about was the note count...because they told you they were lifting the 000’s...you think it is from the exchange rate...we tried to explain it to you...they are lifting it from the streets...so they can lift it from the exchange rate...and I believe they have accomplished this. There are many steps and many parts to the Monetary Policy and IMO I see that they have been accomplished...the IMF has not said one single word about 2017...IMO...the IMF is preparing them to raise the value in 2016...and the other part...Iraq talks about 2017 because that is when Iraq wants to introduce the LD’s...that are affected by the RI that is occurring right now behind closed doors... [post 3 of 3]
10-20-2016 Intel Guru Frank26 Iraq came out and stated they have completed all IMF requirements...For the Financial Advisor of Abadi...Saleh...to come out and say...we’ve done everything the IMF has told us...how bold is that...for the IMF...to actually come out and say we are giving you now your second loan...in about 10 days...that will put us right about the beginning of November...I believe deep in my heart that the Monetary Policy has been launched. This Monetary Reform Plan is from the IMF...about six or seven years ago they put this together with Iraq...the Transition Rate right now is part of this plan...I believe they are doing something with their rate to try and get it to 1 to 1...and they did not write a plan for a LOP...they did not write a plan to stay at a program rate…IMO this Transitional Rate is bringing in commodities into the country of Iraq...and IMO this Transitional Rate is slowly moving up...up...for the purpose IMO to add value to the Iraqi dinar in country...I believe the negotiations that are occurring with this Transitional Rate are going to be seen with more evidence sometime around the second week of November...
[post 2 of 3....stay tuned]
10-20-2016 Intel Guru Frank26 ...these are interesting times...with our investment...we told you that IMO I felt around the 15th of October or just after that date the battle of Mosul would...start...I seriously, truly, and sincerely believe that once Iraq was put on the white list there was a decision made for Mosul...IMO...at 3:03 am on the 16th of this month I believe the Monetary Reform was put into its full swing of completion. The most important thing about Mosul...is that it has given us SS...STABILITY and SECURITY...SS is the reason why we are walking in the direction of the Monetary Reform now...from the nanosecond they were put on the white list...to the moment of the 3:03 am launch to attack Mosul...to begin the battle...those were the beginning of the green lights that have brought us SS now... [post 1 of 3....stay tuned]
10-19-2016 Newshound Guru Breitling "Question: Sounds like they’re having a hard time convincing people in Iraq to have confidence in the Dinar…how can they make them want to use it?" This is the power in knowing what happens to currency…if you know how it got there you can reverse it. Remember what we did. We put US dollars in their economy. Then we did Shock and Awe and their economy collapsed they started to use the US dollar. We printed the New Iraqi Dinar. They started using it. Remember…the dinar count at that time was around 30 Trillion dinar at it’s peak and 9 billion notes max…A report from the IMF said the Iraqi dinar’s real market rate was between 4 and 12 cents and I bought dinars based on that. [Post 1 of 2]
10-20-2016 Newshound Guru Kaperoni Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..." [Surely to transfer money internationally , your money has to be internationally recognized?] The dinar is already internationally recognized. It's a choice by most banks to not accept it and exchange it worldwide because they are still in Article XIV under the IMF. Article VIII of sorts provides a sense of assurance that the CBI meets international standards and requirements (and therefore, makes the dinar more internationally accepted at the banks). What the Rasheed is doing here is a good thing for sure, but Article VIII will also be needed for it to be beneficial to Iraq.
10-20-2016 Newshound Guru Islandg1211 The WTO has a well structured path to membership with each step well defined. Iraq started the process under the Bush Administration, then stopped. There's been NO WORKING GROUP EVEN FORMED. There have been NO scheduled WTO Working Group meetings even scheduled in the past two years. Iraq is NO WHERE NEAR becoming a member according to the WTO website. They were probably closer to becoming a member under the Bush Administration's guidance and influence than they are now. Iraq has gone NO WHERE in 8 YEARS within the WTO ascension process... Iraq literally hasn't held a meeting in eight years... membership ascension is a step-by-step lengthy process. Iraq never even got to the second step.
10-20-2016 Intel/Newshound Guru Mnt Goat ...if it were not for these last 8 years of Maliki administration (2007-2014), Iraq would be 8 years ahead of where it is today. As we are witnessing now the progress Abadi has made in the short time in office we can see the renewed hope for Iraq. Once the corruption and the “will” to clean up the corruption and support the true democratic principles (constitution of Iraq) Iraq can now move ahead. Maybe in the end result this was a very good thing since was Iraq really ready to move to an international currency? [post 3 of 3]
10-20-2016 Intel/Newshound Guru Mnt Goat So eventually the USA did make the needed agreements but these agreements were difficult and needed “kid gloves” to manage. You see it was not just the Abadi government in Baghdad but also the Kurdistan region that needed to have solid agreements in place as to how to handle the new USA occupation of Iraq. So agreements were made with Kurdistan and the Baghdad government as to how to set the new government and to whom will provide the security and take over the region. [post 2 of 3....stay tuned]
10-20-2016 Intel/Newshound Guru Mnt Goat ...the battle for Mosul...As we waited months for the battle to begin, we are now seeing it being played out. ...you should know why the battle to free Mosul has been held up for so long. Many of us questioned this and asked why they don’t just attack and get it done already. USA needed an updated Status of Forces Agreement in place...So in 2014 Maliki was told that for USA troops to come back the USA needed immunity and an updated Status of Forces Agreement. He refused to give them both. Actually it was not until the new prime minister in Maliki’s place, that it was finally negotiated. [post 1 of 3....stay tuned]
10-20-2016 Newshound Guru Kaperoni Article: "Breaking #Iraq Criminal Court issued an arrest warrant ex- #Mosul governor Atheel al-Nujaifi for breach of security."
10-20-2016 Intel Guru ADMINBILL THE NEWS I AM HEARING IS VERY ENCOURAGING. I DO NOT WISH TO SPEAK OF WHAT I WAS HEARING OTHER THAN TO SAY MR. B INDICATES WE ARE VERY NEAR. [Do you know who Mr. B that ADMIN speaks of?] [MR. B HAS BEEN AROUND FOR 6 OR 7 YEARS AND IS EDUCATED ON WORLD ECONOMICS...WHO HAS BEEN SAYING FOR YEARS THIS WASN'T READY TO GO...]
10-20-2016 Newshound Guru Kaperoni Article: "Offensive against so-called Islamic State in Mosul going much