3-1-2018 Newshound Guru EHankins In my opinion...I see the many things coming to the surface...the HCL, The auctions losing value and heading to a suspension, the price of the IQD is rising to meet parity with the auctions. The CBI is speaking to the three-headed monster of the "time frame" that is plugged into the current timeline of events. We wait for the budget yet, it is finished actually in reality...we just can't see it. I believe all...these things mentioned are in place and quivers with energy waiting on one thing... . When this one thing happens, what we look for will not explode... there won't be a boom. When the RI takes it's first breath... then EVERYTHING mentioned will simply lean forward into the center where the RI sits and all of this will simply function as one well oiled purposeful Monetary Reform without hesitation. Only in my Opinion...
3-1-2018 Intel Guru Frank26 [So the budget was NOT passed.... And we are now into March. So what does that do to the contracts that were supposed to implemented March 1? ...i know many are frustrated...] ...AM NOT AT ALL FRUSTRATED...WS [GURU WALKINGSTICK] SAYS...RESPECT THE 1ST QT OF 2018. OK. WS SAYS...THE 1ST QT OF 2018 LOOKS VERY GOOD FOR THE RI. OK. TODAY IS THE 1ST OF MARCH. OK. IMO...LOGIC SAYS...WE ARE MARCH ING...IN THE CORRECT DIRECTION. OK...BUT WHY? BECAUSE IMO...THE CBI HAS GIVEN THE 3 HEADED MONSTER (UST, IMF?) A TIME FRAME OF WHEN THEY WILL DO THE RI. OK...BUT WHY? BECAUSE THE CBI SENT MANY...MEMOS LAST WEEK. SO IS THE BUDGET NEEDED FOR THE RI? ...NO...
3-1-2018 Newshound/Intel Guru BGG Article: "Abadi discusses with INTERPOL Secretary General the exchange of expertise on cyber crimes and money laundering" While they appear to be making headway on their “Official rate – Market rate” spread… it would do wonders for international investment if they would make some visible and public encroachments against their endemic corruption. Their bloated OR/MR spread is just a symptom – it is not the problem. The problem is the corruption that feeds the disparity.
3-1-2018 Newshound Guru chattels Quote: "The House of Representatives, Thursday, its meeting to next Saturday to complete the vote on the budget after the imbalance of the quorum and the exit of some members of the HaLL" To resume on Saturday according to one report...There it is...Parliament convened with the bare minimum of 165 in the afternoon after failing to make quorum this morning I read...
3-1-2018 Intel Guru Frank26 If Abadi is not going to show you the rate...and the budget comes out in Trillion's or Million's they can pass an amendment and change it just like that...The pressure is on Abadi and the greatest pressure is coming from the US... The Budget needs the RI... The Budget needs the rate to pass it. 1. The IMF in Dec approved this budget...if they pass this budget then the RI of Iraqi will open this budget...IMO we're in March, and we March into a new phase..we have received our marching orders to move forward into our legacy investment..
3-1-2018 Intel Guru Delta I'm on a Iraq FB…and 8 hrs ago this was posted: Trader Dave just told his friends GET RID OF YOUR DOLLARS!! CBI has the new exchange rates...
3-1-2018 Newshound Guru MilitiaMan Article: "Weekly Conference Prime Minister Summary Dr. Haider al - Abadi /" Abadi says they are Sovereign, they are Unitied, they have maintained there currency pricing and have a mediation with Germany for to be transparent with money for reconstruction.. Exactly what the KW conference investors will want and got.. All just in time for the DDD. ~ IMO ~
3-1-2018 Intel Guru RayRen98 I am awaiting instructions on how to pursue the contract rate...it is going to be on the dinar only! Bank story 1: A WF employee stated that all essential employees are now trained on the update for foreign currency exchanges. Bank story 2: Banks received a bulletin instructing to get this done, and acknowledging "no tax" on exchange process. Bank story 3 - some bank staff are being called in at 7 am – two hours before regular opening hours – so that they can get things in order. ...This morning, the Kurds said they are deleting 50,000 fictitious names on the payroll. Also, we hear the three presidents are meeting to resolve issues concerning the Budget...
3-1-2018 Intel Guru Frank26 [So the budget was NOT passed.... And we are now into March. So what does that do to the contracts that were supposed to implemented March 1? ...i know many are frustrated...] ...AM NOT AT ALL FRUSTRATED...WS [GURU WALKINGSTICK] SAYS...RESPECT THE 1ST QT OF 2018. OK. WS SAYS...THE 1ST QT OF 2018 LOOKS VERY GOOD FOR THE RI. OK. TODAY IS THE 1ST OF MARCH. OK. IMO...LOGIC SAYS...WE ARE MARCH ING...IN THE CORRECT DIRECTION. OK...BUT WHY? BECAUSE IMO...THE CBI HAS GIVEN THE 3 HEADED MONSTER (UST, IMF?) A TIME FRAME OF WHEN THEY WILL DO THE RI. OK...BUT WHY? BECAUSE THE CBI SENT MANY...MEMOS LAST WEEK. SO IS THE BUDGET NEEDED FOR THE RI? ...NO...
3-1-2018 Newshound/Intel Guru BGG Article: "Abadi discusses with INTERPOL Secretary General the exchange of expertise on cyber crimes and money laundering" While they appear to be making headway on their “Official rate – Market rate” spread… it would do wonders for international investment if they would make some visible and public encroachments against their endemic corruption. Their bloated OR/MR spread is just a symptom – it is not the problem. The problem is the corruption that feeds the disparity.
3-1-2018 Newshound Guru chattels Quote: "The House of Representatives, Thursday, its meeting to next Saturday to complete the vote on the budget after the imbalance of the quorum and the exit of some members of the HaLL" To resume on Saturday according to one report...There it is...Parliament convened with the bare minimum of 165 in the afternoon after failing to make quorum this morning I read...
3-1-2018 Intel Guru Frank26 If Abadi is not going to show you the rate...and the budget comes out in Trillion's or Million's they can pass an amendment and change it just like that...The pressure is on Abadi and the greatest pressure is coming from the US... The Budget needs the RI... The Budget needs the rate to pass it. 1. The IMF in Dec approved this budget...if they pass this budget then the RI of Iraqi will open this budget...IMO we're in March, and we March into a new phase..we have received our marching orders to move forward into our legacy investment..
3-1-2018 Intel Guru Delta I'm on a Iraq FB…and 8 hrs ago this was posted: Trader Dave just told his friends GET RID OF YOUR DOLLARS!! CBI has the new exchange rates...
3-1-2018 Newshound Guru MilitiaMan Article: "Weekly Conference Prime Minister Summary Dr. Haider al - Abadi /" Abadi says they are Sovereign, they are Unitied, they have maintained there currency pricing and have a mediation with Germany for to be transparent with money for reconstruction.. Exactly what the KW conference investors will want and got.. All just in time for the DDD. ~ IMO ~
3-1-2018 Intel Guru RayRen98 I am awaiting instructions on how to pursue the contract rate...it is going to be on the dinar only! Bank story 1: A WF employee stated that all essential employees are now trained on the update for foreign currency exchanges. Bank story 2: Banks received a bulletin instructing to get this done, and acknowledging "no tax" on exchange process. Bank story 3 - some bank staff are being called in at 7 am – two hours before regular opening hours – so that they can get things in order. ...This morning, the Kurds said they are deleting 50,000 fictitious names on the payroll. Also, we hear the three presidents are meeting to resolve issues concerning the Budget...
2-28-2018 Newshound Guru Kaperoni ...the momentum has changed in Dec 2015 when the IMF signed the deal with the CBI to help them with the banking system and market economy...yes, there are some against such success, but the IMF, WB etc. are pushing it forward.
2-28-2018 Newshound/Intel Guru BGG "Jubouri calls on all members of parliament to attend tomorrow’s session to vote on the budget" So – as near as I can tell, it looks like they intend to have a meeting of the 3 Presidencies, hammer out some final details and then get Parliament together right afterward to vote on it the same afternoon. There is obviously some sense of urgency on their part. What is driving this surge? I do not know. It sounds like a long shot to me – but I’ll be glad if they pull it off.
2-28-2018 Newshound Guru Kaperoni [So many other problems in Iraq, but perhaps they are not obstacles to the completion of Iraq's banking / monetary reform project and some liquidity / profit for we speculators.] There are other issue yes, but I do not see them holding up the banking system. In fact, banking is the #1 priority... without it, nothing else happens.
2-28-2018 Newshound/Intel Guru BGG [Doesn’t this mean it won’t move more than 2% after its revalued? What’s everyone’s concern? It’s that it can move from where it is no more than 2% which means nobody gets rich over night. It doesn’t even start until after they are an internationally traded currency. Much concern about nothing!] [reference BGG post 2-27-2018] That’s not at all what it means... 1) this refers the spread between the official rate and the market rate... NOT a 2% difference between today’s official rate and tomorrow’s official rate. Further – the 2% rule doesn’t care if the rate is .10 per Dinar or $10 per Dinar... or if it fluctuates across that whole range for 90 days (just an illustration – not possible). What matters is if the “Official rate” of ‘X’ and the “Market rate” (which is the number it is sold at, publicly) have a reflective DIFFERENCE of 2% or less. 2) Internationally trading and value should (or could) happen at the same time.
2-28-2018 Intel Guru RayRen98 KURDS ON TV SAYING THEY ARE DELETING 50,000 FICTITIOUS NAMES THAT WERE ON THE PAYROLL!! (COULD THAT HAVE BEEN THE HOLDUP?) UPDATE: THE THREE PRESIDENCIES WILL MEET ON THURSDAY TO RESOLVE THE ISSUES CONCERNING THE BUDGET. [i thought we weren't waiting on the budget.] I'M JUST WAITING ON THE BANKS, ANYTHING ELSE IS PERIPHERAL AS FAR AS I'M CONCERNED.
2-28-2018 Newshound Guru Kaperoni ...Banks don’t want to lose money. They want to know what the spread is from day to day. They want to know how much it’s going up and how much it’s going down and so on…this has always been an issue since I’ve been in this investment. The Central Bank had to reduce the spread…Shabibi actually did a wonderful job. He lowered the spread within the conditions set forth in their article IV consultations. He got it down to 1200 or so on the street and held it there for 10 months. In September of 2012 he announced he was going to begin currency reform so we assumed he was going to Article VIII at that point. Then of course PM Maliki at the time said No, we’re not ready. We don’t want this to occur…When Shabibi was out of the country for a conference Maliki put out a warrant for his arrest. Which in essence kept him out of the country and stopped the process in it’s tracks. [Post 2 of 2]
2-28-2018 Intel Guru Bruce What I am hearing the last couple of days...We know that Iraq’s rate is in their budget which we found was passed last Tuesday, a week ago... Also, we know at that time...all the companies that were in Kuwait for the Rebuilding Iraq Conference that was hosted by Kuwait...received invitation to come back to Iraq, to Baghdad starting tomorrow [Wednesday] for signing off those agreements they were putting together for their companies for Iraq. ...even though we heard rates for the dinar, we know what they are and what they are on the screens, fairly accurate rates, we still are not publicly seeing that, not universally internationally ...it is not public knowledge yet. Everything I am hearing right now is pointing toward something major happening this week...it should take place any day now, but you know how it is...We heard the 28th is a deadline of sorts. We will see if it is honored or see if it happens. Every indication is all the rates on all the currencies are at a very good level right now. I am excited ...
2-28-2018 Newshound Guru Kaperoni ...The market rate is in essence the rate on the street…the dinar is a little weaker than the actual value from the CBI which is pegged to the US dollar which is part of Article 14. In order to meet the stipulations of IMF Article VIII you [Iraq] need to simplify your foreign exchange and reduce the market rate spread which is the spread on the street…The rest of the world’s banking system for the most part is in Article VIII…they have expertise in managing their currency and meet the conditions. This is important because if you’re ever going to accept article VIII and make the dinar internationally convertible you need to maintain that exchange rate for international transactions... [Post 1 of 2 Stay tuned for the rest of the story]
2-28-2018 Intel Guru Frank26 THEY CAN’T HOLD THEIR BREATH TOO LONG... ONCE THEY SUSPEND THE AUCTIONS THEY NEED TO USE THEIR CURRENCY AND NOT AT THE PROGRAM RATE, THAT IS WHAT IS HAPPENING...WS [GURU WALKINGSTICK] EXPLAINED THE NEXT STEP WOULD BE THE RI...ABADI IS DOING IT RIGHT NOW...HE PROMISED IT TO THOSE IN THE KUWAIT CONFERENCE...NO MONEY WAS GIVEN TO ABADI, HE NEEDS THE RI SO THEY CAN DO BUSINESS...WALKING STICK SAID THEY DO HAVE A DATE...THE NUMBERS ARE THERE...DONT LOOK FOR ANY PARTICULAR TIME FRAME, ITS IN MOTION RIGHT NOW AND CAN COME TO SURFACE AT ANY TIME...I AM HAPPY AND EXCITED...WE ARE AT THE RI BUT WE WANT TO GET THE RV... [post 2 of 2]
2-28-2018 Intel Guru Frank26 IN OUR OPINION WE BELIEVED WE WERE 5 TO 7 PIPS DINARS AWAY FROM THE USD...IF 5 TO 7 PIPS AWAY FROM THE USD ITS GOOD IDEA TO SUSPEND THE USD BECAUSE THEY WOULD BE EQUAL! IT GIVES THE PEEPS IN IRAQ ONE TO ONE...TRUMP IN JANUARY SAID USD IS TOO HIGH... BANKS...6 OF THEM, 2 IN JORDAN, ARE BEING DISCONNECTED FROM THE AUCTION BECAUSE THEY ARE DEDOLARIZING...ITS BRINGING DOWN THE USD COUNT IN IRAQ AND ALSO THE LARGE NOTES...IF THAT IS ACCOMPLISHED ABADI WILL BE VERY HAPPY AND GETS THEIR CONTRACTORS BUSY HIRING PEOPLE... ITS VERY SELF EVIDENT RIGHT NOW, USD ON THE WAY OUT... ITS ALL BEING CONTROLLED INSIDE OF IRAQ... [post 1 of 2....stay tuned]
2-28-2018 Newshound/Intel Guru BGG "Jubouri calls on all members of parliament to attend tomorrow’s session to vote on the budget" So – as near as I can tell, it looks like they intend to have a meeting of the 3 Presidencies, hammer out some final details and then get Parliament together right afterward to vote on it the same afternoon. There is obviously some sense of urgency on their part. What is driving this surge? I do not know. It sounds like a long shot to me – but I’ll be glad if they pull it off.
2-28-2018 Newshound Guru Kaperoni [So many other problems in Iraq, but perhaps they are not obstacles to the completion of Iraq's banking / monetary reform project and some liquidity / profit for we speculators.] There are other issue yes, but I do not see them holding up the banking system. In fact, banking is the #1 priority... without it, nothing else happens.
2-28-2018 Newshound/Intel Guru BGG [Doesn’t this mean it won’t move more than 2% after its revalued? What’s everyone’s concern? It’s that it can move from where it is no more than 2% which means nobody gets rich over night. It doesn’t even start until after they are an internationally traded currency. Much concern about nothing!] [reference BGG post 2-27-2018] That’s not at all what it means... 1) this refers the spread between the official rate and the market rate... NOT a 2% difference between today’s official rate and tomorrow’s official rate. Further – the 2% rule doesn’t care if the rate is .10 per Dinar or $10 per Dinar... or if it fluctuates across that whole range for 90 days (just an illustration – not possible). What matters is if the “Official rate” of ‘X’ and the “Market rate” (which is the number it is sold at, publicly) have a reflective DIFFERENCE of 2% or less. 2) Internationally trading and value should (or could) happen at the same time.
2-28-2018 Intel Guru RayRen98 KURDS ON TV SAYING THEY ARE DELETING 50,000 FICTITIOUS NAMES THAT WERE ON THE PAYROLL!! (COULD THAT HAVE BEEN THE HOLDUP?) UPDATE: THE THREE PRESIDENCIES WILL MEET ON THURSDAY TO RESOLVE THE ISSUES CONCERNING THE BUDGET. [i thought we weren't waiting on the budget.] I'M JUST WAITING ON THE BANKS, ANYTHING ELSE IS PERIPHERAL AS FAR AS I'M CONCERNED.
2-28-2018 Newshound Guru Kaperoni ...Banks don’t want to lose money. They want to know what the spread is from day to day. They want to know how much it’s going up and how much it’s going down and so on…this has always been an issue since I’ve been in this investment. The Central Bank had to reduce the spread…Shabibi actually did a wonderful job. He lowered the spread within the conditions set forth in their article IV consultations. He got it down to 1200 or so on the street and held it there for 10 months. In September of 2012 he announced he was going to begin currency reform so we assumed he was going to Article VIII at that point. Then of course PM Maliki at the time said No, we’re not ready. We don’t want this to occur…When Shabibi was out of the country for a conference Maliki put out a warrant for his arrest. Which in essence kept him out of the country and stopped the process in it’s tracks. [Post 2 of 2]
2-28-2018 Intel Guru Bruce What I am hearing the last couple of days...We know that Iraq’s rate is in their budget which we found was passed last Tuesday, a week ago... Also, we know at that time...all the companies that were in Kuwait for the Rebuilding Iraq Conference that was hosted by Kuwait...received invitation to come back to Iraq, to Baghdad starting tomorrow [Wednesday] for signing off those agreements they were putting together for their companies for Iraq. ...even though we heard rates for the dinar, we know what they are and what they are on the screens, fairly accurate rates, we still are not publicly seeing that, not universally internationally ...it is not public knowledge yet. Everything I am hearing right now is pointing toward something major happening this week...it should take place any day now, but you know how it is...We heard the 28th is a deadline of sorts. We will see if it is honored or see if it happens. Every indication is all the rates on all the currencies are at a very good level right now. I am excited ...
2-28-2018 Newshound Guru Kaperoni ...The market rate is in essence the rate on the street…the dinar is a little weaker than the actual value from the CBI which is pegged to the US dollar which is part of Article 14. In order to meet the stipulations of IMF Article VIII you [Iraq] need to simplify your foreign exchange and reduce the market rate spread which is the spread on the street…The rest of the world’s banking system for the most part is in Article VIII…they have expertise in managing their currency and meet the conditions. This is important because if you’re ever going to accept article VIII and make the dinar internationally convertible you need to maintain that exchange rate for international transactions... [Post 1 of 2 Stay tuned for the rest of the story]
2-28-2018 Intel Guru Frank26 THEY CAN’T HOLD THEIR BREATH TOO LONG... ONCE THEY SUSPEND THE AUCTIONS THEY NEED TO USE THEIR CURRENCY AND NOT AT THE PROGRAM RATE, THAT IS WHAT IS HAPPENING...WS [GURU WALKINGSTICK] EXPLAINED THE NEXT STEP WOULD BE THE RI...ABADI IS DOING IT RIGHT NOW...HE PROMISED IT TO THOSE IN THE KUWAIT CONFERENCE...NO MONEY WAS GIVEN TO ABADI, HE NEEDS THE RI SO THEY CAN DO BUSINESS...WALKING STICK SAID THEY DO HAVE A DATE...THE NUMBERS ARE THERE...DONT LOOK FOR ANY PARTICULAR TIME FRAME, ITS IN MOTION RIGHT NOW AND CAN COME TO SURFACE AT ANY TIME...I AM HAPPY AND EXCITED...WE ARE AT THE RI BUT WE WANT TO GET THE RV... [post 2 of 2]
2-28-2018 Intel Guru Frank26 IN OUR OPINION WE BELIEVED WE WERE 5 TO 7 PIPS DINARS AWAY FROM THE USD...IF 5 TO 7 PIPS AWAY FROM THE USD ITS GOOD IDEA TO SUSPEND THE USD BECAUSE THEY WOULD BE EQUAL! IT GIVES THE PEEPS IN IRAQ ONE TO ONE...TRUMP IN JANUARY SAID USD IS TOO HIGH... BANKS...6 OF THEM, 2 IN JORDAN, ARE BEING DISCONNECTED FROM THE AUCTION BECAUSE THEY ARE DEDOLARIZING...ITS BRINGING DOWN THE USD COUNT IN IRAQ AND ALSO THE LARGE NOTES...IF THAT IS ACCOMPLISHED ABADI WILL BE VERY HAPPY AND GETS THEIR CONTRACTORS BUSY HIRING PEOPLE... ITS VERY SELF EVIDENT RIGHT NOW, USD ON THE WAY OUT... ITS ALL BEING CONTROLLED INSIDE OF IRAQ... [post 1 of 2....stay tuned]
2-27-2018 Newshound Guru Kaperoni ...IMF: "Although performance under the Stand-By Arrangement has been weak in some key areas, understandings on sufficient corrective actions have been reached to keep the program on track. Against this background, Directors encouraged resolute implementation of the authorities’ program including continued efforts toward fiscal consolidation, strengthening the financial sector, and implementing structural reforms to promote private sector activity and improve the business environment." Very key...That is about as stern as I have ever seen from the IMF. I just think were in a good place finally. With the help of the UST and IMF it looks like they got a plan to reduce the spread. And with at 1220 now we are only 7 dinars away from 2%. So by end of week maybe. Can they hold it? Well I think there is to much riding on it to not to.
2-27-2018 Intel Guru Delta THIS IS THE AUCTION DETAILS PAGE THAT YOU DON'T SEE IN ENGLISH SITE OF CBI. CLICK ON THE LINK IT WILL SHOW YOU EVERY BANK THAT PARTICIPATE AND AS OF TODAY THEY ARE REPORTING THE MARKET RATE OF 1221.. (wink)
جدول مبيعات البنك المركزي العراقي للعملة الاجنبية (المبالغ بالاف الدولارات) ليوم الاربعاء 2018/2/28 والمنفذ يوم الثلاثاء 2018/2/27
2-27-2018 Newshound/Intel Guru BGG There are articles regularly touting the tightening of this gap...or the “Strengthening of the Dinar against the Dollar” or some other various titles along those same lines. Ask yourself why? Because they know what it means. Whichever side of the fence you are on here, this tightening of the OR/MR gap is the single most visible, interesting and encouraging “data point” we’ve seen in a very, very long time. Personally, as I have said many times, I don’t care if it is a fixed rate, a managed rate, a dirty float, a naked float or some weird combination. I DON’T CARE! My confidence in the future of Iraq is such that, I believe whichever it goes – in a reasonably short period of time, the value will wind up in the same place any way. The key for me? Just get STARTED! [post 2 of 2]
2-27-2018 Newshound/Intel Guru BGG [What is this 90 day 2 % everyone talking about has it started and does it mean we have to have 2 % for 90 days before a rv?] If I recall correctly, the “IMF 2% rule” refers to the spread between the Official rate and Market rate of the currency on any given day. The rule is, basically – they must maintain this 2% (or less) gap for at least 90 days prior to accepting IMF Article 8 general obligations (as a member country) and concurrently from then on. Now – would the IMF allow them some latitude on the 90 day entry point? Possibly. However, the real issue everyone is stewing over is this… Does this recent closing of the gap between the “Official rate” and “Market rate” forecast some coming change or is it much ado about nothing? [post 1 of 2....stay tuned]
2-27-2018 Newshound Guru Kaperoni From the IMF last Sept... "25. The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate." So it's coming. That should perpetuate a new exchange rate regime as well causing the dinar to rise. ...I believe once it starts, it won't take more than a year to rise to a value we are comfortable with. [post 2 of 2]
2-27-2018 Newshound Guru Kaperoni Funny how nobody cared what was in print from the IMF for years and finally now think they may be something to it. Despite the daily rv calls, the IMF is running the show. And until the CBI gets in compliance with them, there is no Article VIII. ...an IMF document states that once they get the spread within 2% they must hold that for at least 90 days. That is documented. The last Article IV had a comment about compliance...specifically that they did not recommend accession without meeting that criteria. I did state that i though they might wave the timeframe (90 days), but who knows. ...it was not recommended to wave the 2% ...which they have not...but since the world is waiting, maybe the IMF will wave the timeframe. [MAYBE ONE DAY soon.] Maybe...Hopefully yet this year. It's up to Iraq. We know the IMF wants them in. [post 1 of 2....stay tuned]
2-27-2018 Newshound Guru Enorrste ...Once the ball starts rolling it will proceed quickly to a value that we can all enjoy. The simple fact is that there are now a vast majority of factors in our favor versus the few left that seem to be holding this back. ISIS is decimated in Iraq; the banking structure is becoming more internationally connected; interest in investing has risen even if actual investment has not yet begun; the CBI has finally tackled the problem with the spread (this is really key); the CBI is officially on the record now for some time to move toward a floating currency; talk of ending the auctions has risen to the point that it will become a reality soon; the IMF is trustee over the CBI and is on record to move Iraq into the real world; etc. I will be surprised if we don't see the float begin sometime this year.
2-27-2018 Intel Guru Delta THIS IS THE AUCTION DETAILS PAGE THAT YOU DON'T SEE IN ENGLISH SITE OF CBI. CLICK ON THE LINK IT WILL SHOW YOU EVERY BANK THAT PARTICIPATE AND AS OF TODAY THEY ARE REPORTING THE MARKET RATE OF 1221.. (wink)
جدول مبيعات البنك المركزي العراقي للعملة الاجنبية (المبالغ بالاف الدولارات) ليوم الاربعاء 2018/2/28 والمنفذ يوم الثلاثاء 2018/2/27
2-27-2018 Newshound/Intel Guru BGG There are articles regularly touting the tightening of this gap...or the “Strengthening of the Dinar against the Dollar” or some other various titles along those same lines. Ask yourself why? Because they know what it means. Whichever side of the fence you are on here, this tightening of the OR/MR gap is the single most visible, interesting and encouraging “data point” we’ve seen in a very, very long time. Personally, as I have said many times, I don’t care if it is a fixed rate, a managed rate, a dirty float, a naked float or some weird combination. I DON’T CARE! My confidence in the future of Iraq is such that, I believe whichever it goes – in a reasonably short period of time, the value will wind up in the same place any way. The key for me? Just get STARTED! [post 2 of 2]
2-27-2018 Newshound/Intel Guru BGG [What is this 90 day 2 % everyone talking about has it started and does it mean we have to have 2 % for 90 days before a rv?] If I recall correctly, the “IMF 2% rule” refers to the spread between the Official rate and Market rate of the currency on any given day. The rule is, basically – they must maintain this 2% (or less) gap for at least 90 days prior to accepting IMF Article 8 general obligations (as a member country) and concurrently from then on. Now – would the IMF allow them some latitude on the 90 day entry point? Possibly. However, the real issue everyone is stewing over is this… Does this recent closing of the gap between the “Official rate” and “Market rate” forecast some coming change or is it much ado about nothing? [post 1 of 2....stay tuned]
2-27-2018 Newshound Guru Kaperoni From the IMF last Sept... "25. The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate." So it's coming. That should perpetuate a new exchange rate regime as well causing the dinar to rise. ...I believe once it starts, it won't take more than a year to rise to a value we are comfortable with. [post 2 of 2]
2-27-2018 Newshound Guru Kaperoni Funny how nobody cared what was in print from the IMF for years and finally now think they may be something to it. Despite the daily rv calls, the IMF is running the show. And until the CBI gets in compliance with them, there is no Article VIII. ...an IMF document states that once they get the spread within 2% they must hold that for at least 90 days. That is documented. The last Article IV had a comment about compliance...specifically that they did not recommend accession without meeting that criteria. I did state that i though they might wave the timeframe (90 days), but who knows. ...it was not recommended to wave the 2% ...which they have not...but since the world is waiting, maybe the IMF will wave the timeframe. [MAYBE ONE DAY soon.] Maybe...Hopefully yet this year. It's up to Iraq. We know the IMF wants them in. [post 1 of 2....stay tuned]
2-27-2018 Newshound Guru Enorrste ...Once the ball starts rolling it will proceed quickly to a value that we can all enjoy. The simple fact is that there are now a vast majority of factors in our favor versus the few left that seem to be holding this back. ISIS is decimated in Iraq; the banking structure is becoming more internationally connected; interest in investing has risen even if actual investment has not yet begun; the CBI has finally tackled the problem with the spread (this is really key); the CBI is officially on the record now for some time to move toward a floating currency; talk of ending the auctions has risen to the point that it will become a reality soon; the IMF is trustee over the CBI and is on record to move Iraq into the real world; etc. I will be surprised if we don't see the float begin sometime this year.
2-26-2018 Newshound Guru Kaperoni Article: "A new drop for the dollar today in Iraq" Quote: "The exchange rate of the US dollar against the Iraqi dinar continues to decline for the second month in a row. The foreign exchange markets in Baghdad, on Monday morning, the decline in the dollar exchange rate against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1220 dinars per dollar, or 122 thousand dinars for one hundred dollars." ...All we can do is wait and see each day what they report for the auction. 1220 is close...let's give it another week and see if they are in compliance.
2-26-2018 Newshound Guru Kaperoni Article: "Alnasiri: Implementation of the Central Bank's strategy contributed to the improvement of the dinar's exchange rate against the dollar" They had a few months with the UST and IMF to figure out a plan to reduce the spread. It seems likely they are on track to compliance. We all know the investment won't come if they do not get the market economy going. Time is running out.
2-26-2018 Newshound Guru MilitiaMan Quote: “...MEMO WAS SEND ON 02/18 TO BANKS REGARDING 02/25!!! DELTA” Well well well. The Final Notice was given to stop selling at the old rate, imo...
2-26-2018 Intel Guru RayRen98 [Do you think that the lack of a budget has anything to do with the lack of a RV? Has the budget been agreed upon as on this morning?] Our committee members say that the Budget has nothing to do with it, it’s just the Iraqi process. Our contractors say that this won’t happen until the rate comes out, and therefore the Budget is released. But the rate and Budget can both be adjusted, if necessary. This morning I talked to people at the bank, and they don’t care what the Budget does; it would be nice, but not essential for the banks to do what they need to do. They are testing the system today and they want it to go by the end of the week.
2-26-2018 Newshound Guru Kaperoni ...We need to see the spread (the official rate to the market rate) go down within 2%. When it’s within 2% then they are within compliance. Then it puts them into a position to accept the conditions of article VIII and launch their currency internationally. And more importantly exit the peg that they are on and go to some kind of float. Which would let the world set the exchange rate based on supply and demand…They need to be in compliance for 90 days…They might get an exception from that simply because Iraq is in dire consequences. The recent war. You have a lot of unemployed people…There is a certain amount of expedience needed in Iraq so therefor they may give them an exception. Maybe not and the IMF is going to hold them to a full 90 days of compliance. If they get in compliance in the next week it creates a window in March and the end of May which would be the 90 days where Iraq could accept Article VIII and begin it’s transition to engage with the world financial system. That is the step we want to see occur.
2-26-2018 Newshound Guru Walkingstick [There are approximately 7 state-owned banks, 9 Islamic banks, 23 commercial banks, 15 foreign branches of foreign banks, 34 money transfer companies, 2K exchange companies, 2 companies that provide electronic banking and smart card services with 800 branches throughout the provinces of Iraq. IMO, the CBI has a target date to LAUNCH once all financial institutions have successfully completed their conversion.] Memos, were received...by...diff entities, for...diff time slots/ allotted dates...for reason/s... Well done, Manaolana3... [post 2 of 2]
2-26-2018 Newshound Guru Walkingstick [via Manaolona3] [...Guru Walkingstick explained at length the metamorphosis of the currency auction suspension and the process to transition over. CBI suspended currency auction to enable them to complete conversion from "old" to "new" system...CBI sent formal notification (memo) to all financial institutions (entities) i.e., banks, money transfer companies, exchange companies about change banks, transfer companies, currency exchange companies must fully integrate their systems in accordance with and in compliance with new CBI systems requirements...all entities are given specific time-frames (different time slots) to complete the conversion to new CBI system requirements, and are given allotted dates to complete their tasks to test their systems with the new CBI system requirements to ensure all systems are "go" for successful implementation...(LIVE) interface.] [post 1 of 2....stay tuned]
2-26-2018 Newshound Guru mike Article: "Kurdistan Alliance confirms the continuation of the boycott budget" Why are they stalling? They want 17%, if Iraq's political leadership would just take a peek at the Iraqi Constitution, it clearly states the Kurd's are to receive 17% of Iraq's budget, outside of sovereign responsibilities...They don't need to re-invent the wheel, just follow the legal and constitutional requirements of Iraq's existing laws and pay the Kurd's their 17%... after a while, they're going to say enough is enough and make another mess that takes three years and billions of dollars to correct.
2-26-2018 Newshound Guru Kaperoni Article: "Alnasiri: Implementation of the Central Bank's strategy contributed to the improvement of the dinar's exchange rate against the dollar" They had a few months with the UST and IMF to figure out a plan to reduce the spread. It seems likely they are on track to compliance. We all know the investment won't come if they do not get the market economy going. Time is running out.
2-26-2018 Newshound Guru MilitiaMan Quote: “...MEMO WAS SEND ON 02/18 TO BANKS REGARDING 02/25!!! DELTA” Well well well. The Final Notice was given to stop selling at the old rate, imo...
2-26-2018 Intel Guru RayRen98 [Do you think that the lack of a budget has anything to do with the lack of a RV? Has the budget been agreed upon as on this morning?] Our committee members say that the Budget has nothing to do with it, it’s just the Iraqi process. Our contractors say that this won’t happen until the rate comes out, and therefore the Budget is released. But the rate and Budget can both be adjusted, if necessary. This morning I talked to people at the bank, and they don’t care what the Budget does; it would be nice, but not essential for the banks to do what they need to do. They are testing the system today and they want it to go by the end of the week.
2-26-2018 Newshound Guru Kaperoni ...We need to see the spread (the official rate to the market rate) go down within 2%. When it’s within 2% then they are within compliance. Then it puts them into a position to accept the conditions of article VIII and launch their currency internationally. And more importantly exit the peg that they are on and go to some kind of float. Which would let the world set the exchange rate based on supply and demand…They need to be in compliance for 90 days…They might get an exception from that simply because Iraq is in dire consequences. The recent war. You have a lot of unemployed people…There is a certain amount of expedience needed in Iraq so therefor they may give them an exception. Maybe not and the IMF is going to hold them to a full 90 days of compliance. If they get in compliance in the next week it creates a window in March and the end of May which would be the 90 days where Iraq could accept Article VIII and begin it’s transition to engage with the world financial system. That is the step we want to see occur.
2-26-2018 Newshound Guru Walkingstick [There are approximately 7 state-owned banks, 9 Islamic banks, 23 commercial banks, 15 foreign branches of foreign banks, 34 money transfer companies, 2K exchange companies, 2 companies that provide electronic banking and smart card services with 800 branches throughout the provinces of Iraq. IMO, the CBI has a target date to LAUNCH once all financial institutions have successfully completed their conversion.] Memos, were received...by...diff entities, for...diff time slots/ allotted dates...for reason/s... Well done, Manaolana3... [post 2 of 2]
2-26-2018 Newshound Guru Walkingstick [via Manaolona3] [...Guru Walkingstick explained at length the metamorphosis of the currency auction suspension and the process to transition over. CBI suspended currency auction to enable them to complete conversion from "old" to "new" system...CBI sent formal notification (memo) to all financial institutions (entities) i.e., banks, money transfer companies, exchange companies about change banks, transfer companies, currency exchange companies must fully integrate their systems in accordance with and in compliance with new CBI systems requirements...all entities are given specific time-frames (different time slots) to complete the conversion to new CBI system requirements, and are given allotted dates to complete their tasks to test their systems with the new CBI system requirements to ensure all systems are "go" for successful implementation...(LIVE) interface.] [post 1 of 2....stay tuned]
2-26-2018 Newshound Guru mike Article: "Kurdistan Alliance confirms the continuation of the boycott budget" Why are they stalling? They want 17%, if Iraq's political leadership would just take a peek at the Iraqi Constitution, it clearly states the Kurd's are to receive 17% of Iraq's budget, outside of sovereign responsibilities...They don't need to re-invent the wheel, just follow the legal and constitutional requirements of Iraq's existing laws and pay the Kurd's their 17%... after a while, they're going to say enough is enough and make another mess that takes three years and billions of dollars to correct.
2-25-2018 Newshound Guru mike Article: "The exchange rate of the dollar and gold in Iraq on Sunday" [I still have no idea what the rate is today... Is it 1247 or 1251 or 1252 or what?] Each individual exchange has their own market/street rate: Kifah Stock Exchange-1247; Basra Stock Exchange-1248; Arbil Stock Exchange-1252. I'm with Kap [Reference Guru Kaperoni post 2-25-2018], that's why I didn't get excited when it dropped for a couple days, the markets are cyclical. Supply and demand are the main control points for the value of a currency, as long as the government is stable, secure and free from corruptive manipulation. There's no reason I can think of that would create demand for a currency that's not internationally accepted as a form of payment for goods and services. There was an article out four or five days ago that spoke to why the street rate dropped and it was related to the politicians and their movement of funds outside the country in the event they were unable to win re-election...IMO.
2-25-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar and gold in Iraq on Sunday" [So...what happened to the 1217 rate which last week was 1213 to the dollar.This is showing rate a lot higher what we saw before or is the rate 1217 on another market this is confusing.] Relax, lets wait a day or so and get some more information.
2-25-2018 Newshound Guru Stryker Article: "Urgent parliamentary financial unveils new economic disappointment in Iraq!" This one is important because Parliamentary Finance Committee, Masood Haider is saying Iraq will become 1000 times better than where it is today after cooperating with the International Monetary Fund and the World Bank on economic reforms...
2-25-2018 Intel Guru Dr. Clarke ...THEN LOOK AT...THE FOREIGN RESERVES..."CURRENTLY AT $50 BILLION" THEY SAID...IT'S ON A COME BACK...THAT IS WHAT MATTERS...WITH REGARD TO DEBT THEY ARE FOLLOWING PRESCRIBED GUIDELINES...THEY LISTEN TO THE IMF, THE WB...THE WBG...SO MUCH IS BEING DONE...SO MUCH GOT DONE AT THE KW CONFERENCE...NOT JUST WHAT WE VISIBLY WERE SHOWN BY THE MEDIA ...THE DEALS MADE WILL COME OUT OVER TIME...AND IMO THEY WILL BE SURPRISINGLY GOOD FOR THE IRAQI PEOPLE...AND FOR THE WORLD...ALL IMO...GOOD CHANGE MAY TAKE A BIT TO REVEAL ITSELF....BUT CHANGE IS HAPPENING...WATCH THE HORIZON...IT IS AGLOW WITH BRIGHTNESS... [post 3 of 3]
2-25-2018 Intel Guru Dr. Clarke ...ALL BETS ARE HEDGED ON IRAQ STOPPING CORRUPTION...OR AT LEAST SLOWING IT DOWN...IMO. SURE THE GOI WANTS THE WORLD TO SEE THEM AS SHOCKED THEY ONLY GOT $30 BILLION. ...BUT THEY KNOW...IF THEY CAN KEEP THE HANDS OF THE CORRUPT OUT OF THE COFFERS THEY CAN MAKE THINGS WORK FOR IRAQ AS THEY SHOULD. REMEMBER "SHOW ME THE BEEF"...WELL IMO A NUMBER OF INVESTORS AND BIG MONEY PEOPLE ARE WAITING ON JUST THAT...IRAQ SHOW ME THAT YOU CAN USE MONEY WISELY AND IF YOU DO SO THERE WILL BE MORE WHERE THE $30 B CAME FROM...BUT "PROVE" TO US YOU CAN MANAGE THIS AMOUNT FIRST...PROVE TO US ABADI YOU HAVE YOUR HAND ON CORRUPTION...AND NOT IN THE TILL...AND MY OPINION...HE'S THE MAN WHO CAN MAKE THIS HAPPEN...REALLY BIG MONEY PEOPLE ARE WATCHING AND PARTICIPATING...THEY NO WANT TO GO HOME UNHAPPY. [post 2 of 3....stay tuned]
2-25-2018 Intel Guru Dr. Clarke Article: "It’s Not the Donations, Stupid”: Key Points from Kuwait Conference" YES IT'S AN OPINION PIECE...BUT...IT IS AN OPINION THAT IMO HITS THE NAIL ON THE HEAD IN A NUMBER OF WAYS...WE SHOULDN'T BE DISILLUSIONED THAT IRAQ ONLY GOT $30 BILLION IN COMMITMENTS...SURE THEY WANTED $88 BILLION...I'M SURE THEY EXPANDED ON THEIR "WANTS AND NEEDS" LIST TO GET TO THAT NUMBER...SURELY THEY COULD "GET BY" WITH LESS. ...THEN TO POINT OUT THAT IRAQ CAN THEMSELVES FUND MUCH OF WHAT IS NEEDED THROUGH THEIR SALES OF OIL...ESPECIALLY IN THE SHORT TERM...THEIR BUDGET HAS OIL AT $45 OR SO...AND IT'S TRADING UPWARDS OF $70 AND IS PREDICTED TO GO HIGHER FOR 2018, DO THE MATH....MONEY HAND OVER FIST IMO. [post 1 of 3....stay tuned]
2-25-2018 Newshound Guru chattels It is encouraging to watch the improvement in the market rate of the dinar in Iraq. Arguably a singular transparent progress available to us.
2-25-2018 Intel/Newshound Guru sandyf My opinion...article 8 is an absolute must...and they aint there yet...then when they are eligible...IMF can take up to 60 days for a yea or nay vote... so we got a while ...Art 8 is a major bullet point. But it should be remembered the onus is on Iraq, it is up to them to accept the obligations of Art 8, they could remove the IMF issues at any point with the stroke of a pen. It is not about the parallel market rate, it is about the settlement of international invoices at a rate that deviates from the official rate. Vietnam had exactly the same problem and they made it illegal for companies not to settle the transaction at the official rate. If companies made loss/profit on buying the dollars they must show it separately in the accounts. Personally I think that Iraq is holding on to Art 14 for a reason, hopefully as part of some other agenda.
2-25-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar and gold in Iraq on Sunday" [So...what happened to the 1217 rate which last week was 1213 to the dollar.This is showing rate a lot higher what we saw before or is the rate 1217 on another market this is confusing.] Relax, lets wait a day or so and get some more information.
2-25-2018 Newshound Guru Stryker Article: "Urgent parliamentary financial unveils new economic disappointment in Iraq!" This one is important because Parliamentary Finance Committee, Masood Haider is saying Iraq will become 1000 times better than where it is today after cooperating with the International Monetary Fund and the World Bank on economic reforms...
2-25-2018 Intel Guru Dr. Clarke ...THEN LOOK AT...THE FOREIGN RESERVES..."CURRENTLY AT $50 BILLION" THEY SAID...IT'S ON A COME BACK...THAT IS WHAT MATTERS...WITH REGARD TO DEBT THEY ARE FOLLOWING PRESCRIBED GUIDELINES...THEY LISTEN TO THE IMF, THE WB...THE WBG...SO MUCH IS BEING DONE...SO MUCH GOT DONE AT THE KW CONFERENCE...NOT JUST WHAT WE VISIBLY WERE SHOWN BY THE MEDIA ...THE DEALS MADE WILL COME OUT OVER TIME...AND IMO THEY WILL BE SURPRISINGLY GOOD FOR THE IRAQI PEOPLE...AND FOR THE WORLD...ALL IMO...GOOD CHANGE MAY TAKE A BIT TO REVEAL ITSELF....BUT CHANGE IS HAPPENING...WATCH THE HORIZON...IT IS AGLOW WITH BRIGHTNESS... [post 3 of 3]
2-25-2018 Intel Guru Dr. Clarke ...ALL BETS ARE HEDGED ON IRAQ STOPPING CORRUPTION...OR AT LEAST SLOWING IT DOWN...IMO. SURE THE GOI WANTS THE WORLD TO SEE THEM AS SHOCKED THEY ONLY GOT $30 BILLION. ...BUT THEY KNOW...IF THEY CAN KEEP THE HANDS OF THE CORRUPT OUT OF THE COFFERS THEY CAN MAKE THINGS WORK FOR IRAQ AS THEY SHOULD. REMEMBER "SHOW ME THE BEEF"...WELL IMO A NUMBER OF INVESTORS AND BIG MONEY PEOPLE ARE WAITING ON JUST THAT...IRAQ SHOW ME THAT YOU CAN USE MONEY WISELY AND IF YOU DO SO THERE WILL BE MORE WHERE THE $30 B CAME FROM...BUT "PROVE" TO US YOU CAN MANAGE THIS AMOUNT FIRST...PROVE TO US ABADI YOU HAVE YOUR HAND ON CORRUPTION...AND NOT IN THE TILL...AND MY OPINION...HE'S THE MAN WHO CAN MAKE THIS HAPPEN...REALLY BIG MONEY PEOPLE ARE WATCHING AND PARTICIPATING...THEY NO WANT TO GO HOME UNHAPPY. [post 2 of 3....stay tuned]
2-25-2018 Intel Guru Dr. Clarke Article: "It’s Not the Donations, Stupid”: Key Points from Kuwait Conference" YES IT'S AN OPINION PIECE...BUT...IT IS AN OPINION THAT IMO HITS THE NAIL ON THE HEAD IN A NUMBER OF WAYS...WE SHOULDN'T BE DISILLUSIONED THAT IRAQ ONLY GOT $30 BILLION IN COMMITMENTS...SURE THEY WANTED $88 BILLION...I'M SURE THEY EXPANDED ON THEIR "WANTS AND NEEDS" LIST TO GET TO THAT NUMBER...SURELY THEY COULD "GET BY" WITH LESS. ...THEN TO POINT OUT THAT IRAQ CAN THEMSELVES FUND MUCH OF WHAT IS NEEDED THROUGH THEIR SALES OF OIL...ESPECIALLY IN THE SHORT TERM...THEIR BUDGET HAS OIL AT $45 OR SO...AND IT'S TRADING UPWARDS OF $70 AND IS PREDICTED TO GO HIGHER FOR 2018, DO THE MATH....MONEY HAND OVER FIST IMO. [post 1 of 3....stay tuned]
2-25-2018 Newshound Guru chattels It is encouraging to watch the improvement in the market rate of the dinar in Iraq. Arguably a singular transparent progress available to us.
2-25-2018 Intel/Newshound Guru sandyf My opinion...article 8 is an absolute must...and they aint there yet...then when they are eligible...IMF can take up to 60 days for a yea or nay vote... so we got a while ...Art 8 is a major bullet point. But it should be remembered the onus is on Iraq, it is up to them to accept the obligations of Art 8, they could remove the IMF issues at any point with the stroke of a pen. It is not about the parallel market rate, it is about the settlement of international invoices at a rate that deviates from the official rate. Vietnam had exactly the same problem and they made it illegal for companies not to settle the transaction at the official rate. If companies made loss/profit on buying the dollars they must show it separately in the accounts. Personally I think that Iraq is holding on to Art 14 for a reason, hopefully as part of some other agenda.
2-24-2018 Intel Guru Dr. Clarke Keep in Mind, this DOES NOT, have to "START" on a Weekend...even though it seems popularly "Logical", in most circles. Week DAYS are also definitely in Play, given the Time Sensitivity and impact of this "Process". EVERYONE, at ALL LEVELS, wants this money to move as quickly as possible, and as EARLY as Possible, in the month of MARCH...in THIS Quarter. There is MUCH to Do. "THERE ARE NO GUARANTEES IN LIFE. NONE." [post 2 of 2]
2-24-2018 Intel Guru Dr. Clarke [ I'm going with no news is good news, and that we are still on track for starting in February...] According to what we just learned Early this Morning, our Today Hypothesis is: YES. We are Highly Expectant & believe that the Public "START" of the "Process...will begin anytime between this Wed. FEBRUARY 28 to Mon. MARCH 5, 2018. There is some possibility, that it could be extended to ANY DAY, after the 5th, up to March 12th, related to ONE big element of funding...but we really don't think so. There is some possibility, that it could be extended to ANY DAY, after the 5th, up to March 12th, related to ONE big element of funding...but we really don't think so. [post 1 of 2....stay tuned]
2-24-2018 Newshound Guru Aggiedad77 Article: "It’s Not the Donations, Stupid”: Key Points from Kuwait Conference" THIS ARTICLE, WHILE AN OPINION...HAS A NUMBER OF POINTS WITHIN IT THAT WILL BEAR CLOSE STUDY...BUT JUST IN A QUICK SCAN OF IT I SEE GREAT OPTIMISM LEAPING OFF THE PAGE AT ME..."WE WON" IS WRITTEN HERE IN A NUMBER OF WAYS...IT'S ALL GOOD...IMO... EXCEPTIONALLY GOOD IMO...
2-24-2018 Intel Guru Frank26 [URGENT FROM IRAQI TV: "Iraq is moving towards a market economy"] OR ...NO PROGRAM RATE...
2-24-2018 Newshound Guru Kaperoni ...The recent articles from the last 3 days are very very significant…where economists are putting out articles about the market rate in Iraq and how the market rate is coming down substantially. Titles, “The continuing decline of dollar in Iraq”, another one titled, “Hooray Iraqi Dinar”, another one titled, “The Recovery of the Iraqi Dinar”, another titled “What has causes the sudden price decline of the dollar against the dinar is there a relationship to the decline near the election”. these articles are very significant because now the citizens and economists are starting to notice that the dinar market rate which was well over 1250 is starting to fall in line with…the Central Bank of Iraq’s official rate. This is very very important toward the next step into the international financial system…We’re getting closer and it’s something you should be excited about…We’ve been here before in 2012 when we were close like this under Shabibi. Hopefully this time they will accept the conditions or Article VIII and begin to appreciate the currency…
2-24-2018 Newshounds Guru mike Article: "international rating reflects a look contrary to expectations and negative for the fiscal deficit and the economy in Iraq" Quote: "...The ratings agency Standard & Poor's said it affirmed Iraq's rating at B- / B with a stable outlook." The rating is unchanged.
2-24-2018 Intel Guru Delta URGENT FROM IRAQI TV: "Iraq is moving towards a market economy" (wink)
2-24-2018 Intel Guru Dr. Clarke [ I'm going with no news is good news, and that we are still on track for starting in February...] According to what we just learned Early this Morning, our Today Hypothesis is: YES. We are Highly Expectant & believe that the Public "START" of the "Process...will begin anytime between this Wed. FEBRUARY 28 to Mon. MARCH 5, 2018. There is some possibility, that it could be extended to ANY DAY, after the 5th, up to March 12th, related to ONE big element of funding...but we really don't think so. There is some possibility, that it could be extended to ANY DAY, after the 5th, up to March 12th, related to ONE big element of funding...but we really don't think so. [post 1 of 2....stay tuned]
2-24-2018 Newshound Guru Aggiedad77 Article: "It’s Not the Donations, Stupid”: Key Points from Kuwait Conference" THIS ARTICLE, WHILE AN OPINION...HAS A NUMBER OF POINTS WITHIN IT THAT WILL BEAR CLOSE STUDY...BUT JUST IN A QUICK SCAN OF IT I SEE GREAT OPTIMISM LEAPING OFF THE PAGE AT ME..."WE WON" IS WRITTEN HERE IN A NUMBER OF WAYS...IT'S ALL GOOD...IMO... EXCEPTIONALLY GOOD IMO...
2-24-2018 Intel Guru Frank26 [URGENT FROM IRAQI TV: "Iraq is moving towards a market economy"] OR ...NO PROGRAM RATE...
2-24-2018 Newshound Guru Kaperoni ...The recent articles from the last 3 days are very very significant…where economists are putting out articles about the market rate in Iraq and how the market rate is coming down substantially. Titles, “The continuing decline of dollar in Iraq”, another one titled, “Hooray Iraqi Dinar”, another one titled, “The Recovery of the Iraqi Dinar”, another titled “What has causes the sudden price decline of the dollar against the dinar is there a relationship to the decline near the election”. these articles are very significant because now the citizens and economists are starting to notice that the dinar market rate which was well over 1250 is starting to fall in line with…the Central Bank of Iraq’s official rate. This is very very important toward the next step into the international financial system…We’re getting closer and it’s something you should be excited about…We’ve been here before in 2012 when we were close like this under Shabibi. Hopefully this time they will accept the conditions or Article VIII and begin to appreciate the currency…
2-24-2018 Newshounds Guru mike Article: "international rating reflects a look contrary to expectations and negative for the fiscal deficit and the economy in Iraq" Quote: "...The ratings agency Standard & Poor's said it affirmed Iraq's rating at B- / B with a stable outlook." The rating is unchanged.
2-24-2018 Intel Guru Delta URGENT FROM IRAQI TV: "Iraq is moving towards a market economy" (wink)
2-23-2018 Intel Guru RayRen98 Abadi was on television saying that the Budget must be passed within the next week. By next month, investors need Iraq to have a rate that is visible and active. The bank updates should be in and ready by 27 February. Some banks have had problems with DDOS (denial of service) attacks, due to lack band-width. That seems to be the source of the problems the banking industry has had. But we are still in a good place... The last I heard dinar is $3.50+ and dong is $.150, more or less.
2-23-2018 Newshound Guru mike ...the current reality is that the dinar is pegged to the dollar and under Article XIV, there is just about zero demand for a currency you can't spend outside the country, pragmatically, why would anyone want it? To become a currency that's internationally recognized under Article VIII with the IMF they have to hold this rate for a minimum of 90 days, it's too easy to manipulate the rate for a short term and it doesn't prove that Iraq has it's act together and has the ability to maintain stability. There's no reason any other country would accept it for payment for imports, they want the dollar. Like always, time will tell us what's really going on, if Iraq can get the rate within the 2% band for minimum compliance with the IMF"s MCP requirements, all they have to do is hold it and hopefully they can accept the responsibilities Article VIII.
2-23-2018 Newshound Guru MilitiaMan Article: "Association of Private Banks concludes the course «Accounting for financial institutions" I would think [Quote] "the stability of the dollar exchange rate against the dinar will encourage foreign companies to invest inside Iraq.", especially when it is 1:1 or better and not a program rate we currently have thus far today.
2-23-2018 Intel Guru RayRen98 ABADI IS ON IRAQI TV ENCOURAGING ALL CONCERNED TO GET THE BUDGET PASSED ON TUESDAY (DOES IT REALLY MATTER?)
2-23-2018 Newshound Guru Kaperoni Ya never know, maybe the CBI with the help of the IMF and US Treasure finally figured out a plan to succeed at reducing the spread. It would be nice to think so at least.
2-23-2018 Intel Guru Bruce I am hearing some really good things about this going pretty soon here. ...Maybe even before the weekend. I am not one to call it per se, but I am hearing some great stuff. ...I don’t even think Iraq matters at this point because I think they are completely done with what needs to have happened there. ...I am hearing very positive things from US Treasury sources about the next couple of days. I am going to just take that and run with that because they know all the variables. They know what is going on. That is a good sign for us. ...I think we are in great shape and I think we could be surprised here at any time.
2-23-2018 Newshound Guru MilitiaMan Didn't Abadi just get back from Munich, didn't Tillerson have a recent visit? Haven't we heard there is a liquidity issue getting worse as each day goes by? Banks and Private ones not part of the auctions? Dollars are drying up at an accelerated pace? All these things imo are scaling the precipice at the same time and there is little to no room left for anyone to move out of line. The tops spot is an international rate for all to see and it sure looks good from my view! imo. [post 2 of 2]
2-23-2018 Newshound Guru MilitiaMan Article: "Do you mean al-Maliki ... Abadi: secret agreements surround the issue of increasing the proportion of the Kurdistan region of the budget” Looks like Abadi is calling a spade a spade. Maliki, might be careful and be more distant and quiet now, as Abadi has been vocal on the matter of wealth being distributed fairly and proportionately to the province's population ( I read HCL.). ...Abadi is clearly pointing out that there are secret deals that can't be adhered to. ...Those in Parliament would be wise to not push the HCL card much further...the 2018 Budget should have been done and agreed on already. Lets see what happens from here, as in, haven't we heard a rate precedes the budget? [post 1 of 2....stay tuned]
2-23-2018 Newshound Guru mike ...the current reality is that the dinar is pegged to the dollar and under Article XIV, there is just about zero demand for a currency you can't spend outside the country, pragmatically, why would anyone want it? To become a currency that's internationally recognized under Article VIII with the IMF they have to hold this rate for a minimum of 90 days, it's too easy to manipulate the rate for a short term and it doesn't prove that Iraq has it's act together and has the ability to maintain stability. There's no reason any other country would accept it for payment for imports, they want the dollar. Like always, time will tell us what's really going on, if Iraq can get the rate within the 2% band for minimum compliance with the IMF"s MCP requirements, all they have to do is hold it and hopefully they can accept the responsibilities Article VIII.
2-23-2018 Newshound Guru MilitiaMan Article: "Association of Private Banks concludes the course «Accounting for financial institutions" I would think [Quote] "the stability of the dollar exchange rate against the dinar will encourage foreign companies to invest inside Iraq.", especially when it is 1:1 or better and not a program rate we currently have thus far today.
2-23-2018 Intel Guru RayRen98 ABADI IS ON IRAQI TV ENCOURAGING ALL CONCERNED TO GET THE BUDGET PASSED ON TUESDAY (DOES IT REALLY MATTER?)
2-23-2018 Newshound Guru Kaperoni Ya never know, maybe the CBI with the help of the IMF and US Treasure finally figured out a plan to succeed at reducing the spread. It would be nice to think so at least.
2-23-2018 Intel Guru Bruce I am hearing some really good things about this going pretty soon here. ...Maybe even before the weekend. I am not one to call it per se, but I am hearing some great stuff. ...I don’t even think Iraq matters at this point because I think they are completely done with what needs to have happened there. ...I am hearing very positive things from US Treasury sources about the next couple of days. I am going to just take that and run with that because they know all the variables. They know what is going on. That is a good sign for us. ...I think we are in great shape and I think we could be surprised here at any time.
2-23-2018 Newshound Guru MilitiaMan Didn't Abadi just get back from Munich, didn't Tillerson have a recent visit? Haven't we heard there is a liquidity issue getting worse as each day goes by? Banks and Private ones not part of the auctions? Dollars are drying up at an accelerated pace? All these things imo are scaling the precipice at the same time and there is little to no room left for anyone to move out of line. The tops spot is an international rate for all to see and it sure looks good from my view! imo. [post 2 of 2]
2-23-2018 Newshound Guru MilitiaMan Article: "Do you mean al-Maliki ... Abadi: secret agreements surround the issue of increasing the proportion of the Kurdistan region of the budget” Looks like Abadi is calling a spade a spade. Maliki, might be careful and be more distant and quiet now, as Abadi has been vocal on the matter of wealth being distributed fairly and proportionately to the province's population ( I read HCL.). ...Abadi is clearly pointing out that there are secret deals that can't be adhered to. ...Those in Parliament would be wise to not push the HCL card much further...the 2018 Budget should have been done and agreed on already. Lets see what happens from here, as in, haven't we heard a rate precedes the budget? [post 1 of 2....stay tuned]
2-22-2018 Newshound Guru Kaperoni Article: "Dollar exchange rate and gold in Iraq on Thursday prices" Quote: "According to figures received by the "Economy News", it has reached sales of $ 100 at the exchange rate in Baghdad struggle to 122,000 dinars, while the purchase was 121.750 dinars, after it was 122.250 yesterday, settled with the sale price of $ 100. In Erbil Stock Exchange 122.750 dinars, and when the purchase was 122.250 dinars." So pretty much the spread is 1220 to $1 They still got about 7 dinar to go to get in compliance.
2-22-2018 Intel Guru RayRen98 Abadi on Iraqi TV stating that the budget must be passed within one week, urging the Kurds to move forward. Investors are "supposed" to be returning to Iraq next month, the new rate is definitely "supposed" to be visible and active! The Bank Update was originally planned for February 15, then pushed to February 21 and is now moved to February 27. Some of the banks experienced system "time outs" due to over loads on the main banking system band width which created DOS attacks. We're still in a good time and place. Time Will Tell!
2-22-2018 Newshound Guru Kaperoni [I read that the Official Rate is 1180.] ...the CBI auction post under CBI news states the price at 1182. ... market forces (interbank) are minimal at this point plus the CBI has pegged to the dollar. ...that is why the CBI cannot stay pegged once in compliance. The CBI needs to move to a different exchange rate regime (some type of float) which would allow flexibility to adjust the value of the dinar based on economic pressure (this is known as discovery) created by investment. ...I think its key to understand why they CBI must move off the peg before investment begins... "Adopting a flexible exchange rate before liberalizing the capital account enables a country to absorb capital account shocks at lower cost to the real economy than under a fixed exchange rate. By contrast, liberalizing the capital account first can help offset temporary current account shocks, expand the range of instruments available for risk management, and deepen the foreign exchange market."
2-22-2018 Intel Guru Footforward So, eventually the currency is going to go back up. Why would they print this currency series and have all of these security features if they were just going to scrap it...it doesn't make any sense. If no one is going to counterfeit this currency on a a big scale, why would you have it the most secure currency on planet earth. That's what I keep going back to, nobody can refute this. I do believe this is going to happen. I do not hold any other currency...I do believe the dinar is going to be the big winner. ...Every bank in the country will be dealing with this. [Guru] Studley told me this and I trusted him because I know who he was and I know who he worked for and I knew his connections. [post 2 of 2]
2-22-2018 Intel Guru Footforward Iraq has this currency that is worthless...they printed a new series that is worthless, but they have these incredible security features on this currency. They say that the CBI just wants control of the money supply and that's why they are putting these security features on them. Iraqs currency used to be at a rate of $3.22 then suddenly overnight it was completely worthless. It didn't have a gradual devaluation, there wasn't inflation that was going out of control...it was $3.22 one night and literally worthless the next. It was planned, orchestrated. [post 1 of 2....stay tuned]
2-22-2018 Intel Guru Dr. Clarke It’s getting “REAL-ER” & CHANGING by the Hour...When it comes to TAXES, for God's Sake, get ALL YOUR FACTS from the IRS or Your Designated Country's Official Tax System DIRECTLY, seen or given in WRITING directly from the Up-To-Date Source, as shown to you, READ BY YOU, Validated & Confirmed by a Licensed Professional, such as a Licensed CPA TAX PROFESSIONAL, when you make ALL YOUR DECISIONS. BE SMART.
2-22-2018 Newshound Guru Don961 Article: "Merry of Iraqi dinar" ...another article touting what a terrific job the CBI has done holding and even increasing the value of the IQD...even with all the turmoil of ridding the country of Daesh...more and more articles now appearing talking about the dinar and its value...imo.
2-22-2018 Newshound/Intel Guru BGG Article: "URGENT The dollar is blowing in Iraq" Quotes "Foreign exchange markets in Baghdad, on Wednesday morning, a significant decline in the exchange rate of the dollar against the Iraqi dinar."; "The selling price of one dollar 1225 dinars, or 122 thousand and 500 dinars, for one hundred dollars. And the purchase price of the dollar is 1215 dinars, or 121 thousand and 500 dinars, for one hundred dollars." ...this is good news. The Dinar is getting stronger. It is harder to get (over here), the price is going up and the exchange rate is better over there (for us). None of this is bad. It is all good.
2-22-2018 Newshound Guru Kaperoni Article: "Source: The increase in the depreciation of the dollar against the dinar due to the actions of the Central Bank " ...the Market Rate will never be less than the Official Rate at the CBI. And the CBI cannot stop the auctions until there is an alternative for international commerce. I believe I am correct, the 2% rule is calculated off the Official Rate plus CBI commissions (1182 + 8 dinar commissions X .02 = 23.8) which puts it at 1213 to $1. How long the CBI must wait may be subject to IMF review. We know they were not giving them an exception on the spread, but they may give them an exception on time (90 day rule) due to the urgency of maintaining stability and encouraging investment.
[Based on Guru Kaperoni's 8 dinar commission rule some gurus feel the Percentage Difference between the official rate and market rate needs to be 1214 to meet the IMF 2% stipulation...no one seems to be clear on how to calculate the number - guru 2% target rates range from 1203 to 1214]
2-22-2018 Intel Guru RayRen98 Abadi on Iraqi TV stating that the budget must be passed within one week, urging the Kurds to move forward. Investors are "supposed" to be returning to Iraq next month, the new rate is definitely "supposed" to be visible and active! The Bank Update was originally planned for February 15, then pushed to February 21 and is now moved to February 27. Some of the banks experienced system "time outs" due to over loads on the main banking system band width which created DOS attacks. We're still in a good time and place. Time Will Tell!
2-22-2018 Newshound Guru Kaperoni [I read that the Official Rate is 1180.] ...the CBI auction post under CBI news states the price at 1182. ... market forces (interbank) are minimal at this point plus the CBI has pegged to the dollar. ...that is why the CBI cannot stay pegged once in compliance. The CBI needs to move to a different exchange rate regime (some type of float) which would allow flexibility to adjust the value of the dinar based on economic pressure (this is known as discovery) created by investment. ...I think its key to understand why they CBI must move off the peg before investment begins... "Adopting a flexible exchange rate before liberalizing the capital account enables a country to absorb capital account shocks at lower cost to the real economy than under a fixed exchange rate. By contrast, liberalizing the capital account first can help offset temporary current account shocks, expand the range of instruments available for risk management, and deepen the foreign exchange market."
2-22-2018 Intel Guru Footforward So, eventually the currency is going to go back up. Why would they print this currency series and have all of these security features if they were just going to scrap it...it doesn't make any sense. If no one is going to counterfeit this currency on a a big scale, why would you have it the most secure currency on planet earth. That's what I keep going back to, nobody can refute this. I do believe this is going to happen. I do not hold any other currency...I do believe the dinar is going to be the big winner. ...Every bank in the country will be dealing with this. [Guru] Studley told me this and I trusted him because I know who he was and I know who he worked for and I knew his connections. [post 2 of 2]
2-22-2018 Intel Guru Footforward Iraq has this currency that is worthless...they printed a new series that is worthless, but they have these incredible security features on this currency. They say that the CBI just wants control of the money supply and that's why they are putting these security features on them. Iraqs currency used to be at a rate of $3.22 then suddenly overnight it was completely worthless. It didn't have a gradual devaluation, there wasn't inflation that was going out of control...it was $3.22 one night and literally worthless the next. It was planned, orchestrated. [post 1 of 2....stay tuned]
2-22-2018 Intel Guru Dr. Clarke It’s getting “REAL-ER” & CHANGING by the Hour...When it comes to TAXES, for God's Sake, get ALL YOUR FACTS from the IRS or Your Designated Country's Official Tax System DIRECTLY, seen or given in WRITING directly from the Up-To-Date Source, as shown to you, READ BY YOU, Validated & Confirmed by a Licensed Professional, such as a Licensed CPA TAX PROFESSIONAL, when you make ALL YOUR DECISIONS. BE SMART.
2-22-2018 Newshound Guru Don961 Article: "Merry of Iraqi dinar" ...another article touting what a terrific job the CBI has done holding and even increasing the value of the IQD...even with all the turmoil of ridding the country of Daesh...more and more articles now appearing talking about the dinar and its value...imo.
2-22-2018 Newshound/Intel Guru BGG Article: "URGENT The dollar is blowing in Iraq" Quotes "Foreign exchange markets in Baghdad, on Wednesday morning, a significant decline in the exchange rate of the dollar against the Iraqi dinar."; "The selling price of one dollar 1225 dinars, or 122 thousand and 500 dinars, for one hundred dollars. And the purchase price of the dollar is 1215 dinars, or 121 thousand and 500 dinars, for one hundred dollars." ...this is good news. The Dinar is getting stronger. It is harder to get (over here), the price is going up and the exchange rate is better over there (for us). None of this is bad. It is all good.
2-22-2018 Newshound Guru Kaperoni Article: "Source: The increase in the depreciation of the dollar against the dinar due to the actions of the Central Bank " ...the Market Rate will never be less than the Official Rate at the CBI. And the CBI cannot stop the auctions until there is an alternative for international commerce. I believe I am correct, the 2% rule is calculated off the Official Rate plus CBI commissions (1182 + 8 dinar commissions X .02 = 23.8) which puts it at 1213 to $1. How long the CBI must wait may be subject to IMF review. We know they were not giving them an exception on the spread, but they may give them an exception on time (90 day rule) due to the urgency of maintaining stability and encouraging investment.
[Based on Guru Kaperoni's 8 dinar commission rule some gurus feel the Percentage Difference between the official rate and market rate needs to be 1214 to meet the IMF 2% stipulation...no one seems to be clear on how to calculate the number - guru 2% target rates range from 1203 to 1214]
2-21-2018 Intel Guru Dr. Clarke Let's look at the RATES. This is the way we "SEE" things. It's pretty Simple. Let's look at the "FACTS". FACTS, not Rumor. Not Hype. Not B.S. Not somebody's "Whatever". Let's Get sober for just a minute here. "IL-LOGICAL" Example: IRAQ in the 1990's Pre-War, the U.S. exchange rate was $3.00 plus. On average, over the past few years, you could exchange 1 Million Dinar at around $1,000 avg. What happens with Oil-Rich - Iraq, 15 yrs. later, given today's parameters, World economy & RELATIONSHIP WITH THE U.S.? At $3.00, your $1,000, suddenly exchanges for $3,000,000...."IL-LOGICAL"? - YES. "INSANE"? - YES. “NOBODY KNOWS FOR SURE, WHAT THE RATES WILL COME OUT AT, INITIALLY - NOBODY”...except the person sitting in front of the Computer Screen, at the time of Entry, the time of CHANGE, and the Person giving them the information to Input, based on the Committee’s Final Rate Decisions.
2-21-2018 Intel Guru Bluwolf ...TO ALL WHO ARE WAITING FOR NEWS FOR YOUR EXCHANGES, IT SHALL BE ALONG SHORTLY.
2-21-2018 Newshound Guru Kaperoni Article: "IFC is cooperating with the Iraqi Central Bank to strengthen corporate governance in the banking sector" Quote: "This initiative comes within the framework of IFC's strategy to stimulate private sector growth in Iraq..." ...the IFC is going to drive investment into Iraq and as a result capital through the CBI. Exactly what we want...
2-21-2018 Newshound Guru Adam Montana ...On a different subject, I saw a news clip about a confrontation in Iraq yesterday. It surprised me, because we’ve really seen almost NOTHING along those lines in the last year...major violence in Iraq has been almost non-existent lately when compared to 2013,14,15...as we all know here, Iraq certainly is not the same place it was 5 years ago! It makes one wonder...is Iraq finally to a point where they are “flying under the radar” for the most part, and therefore in a perfect place to surprise the world with something big? That could certainly be the case. Bring it on! They might catch the rest of the world by surprise, but not us. [post 2 of 2]
2-21-2018 Newshound Guru Adam Montana Dinar is getting interesting again, isn’t it? It’s about time! Major news is pretty simple - no HCL yet, but it’s gaining a lot of outside support in a quick way. Notably, the price of Crude has stabilized to around the same price it was back in early 2014. This is exactly what the recent OPEC agreement was intended to do, and the fact that it’s succeeding is VERY encouraging. Reports that it should get back up into the $80 range are everywhere. The important part here is that oil IS stable, and it IS going up, in a mostly predictable fashion. This is what Iraq needs to really move on the HCL...Also promising is reports that some dealers are showing a shortage of IQD notes for sale. This could be a strong indicator that the available supply is drying up, or it could mean that demand from investors like us is getting lower... Good for us, either way!... [post 1 of 2....stay tuned]
2-21-2018 Newshound Guru G-Lin Articles "The recovery of the Iraqi dinar"; "Merry of Iraqi dinar" These arts. are by two leading economist from Iraq and they are heaping praise on the CBI for narrowing the spread in the market place. This is exactly what the IMF has been trying to get Iraq to do for years. This fights corruption and gives some prestige to the dinar. Higher value and stronger purchasing power. Hopefully this tread will continue and we will see them liberate the exchange rate in the open market internationally. We know Iraq is examining the example of Egypt pound... Egypt is a success story and their economy has improved since they started the float in 2016. I like this part of the above art. "restore the splendor in the currency market .. Financial stability and the strength of the Iraqi dinar aim to reduce the systemic risks that have emerged with the recurrence of financial crises."
2-21-2018 Intel Guru Bruce I think it is important to see that this redemption and we call it redemption is close and I know I have said it is close before, but I do mean that. I have heard (3) separate bankers say that we that shouldn’t get out of this week without being completely wealthy. Now am I calling it? No. I am just telling you what I have heard. We will see if it is true. We are at the point there are a few little things to be handled that I heard about, but the Intel we heard earlier said we shouldn’t get out of this week to be rich I believe is still true...there is not a lot we need to know except be ready. [post 2 of 2]
2-21-2018 Intel Guru Bruce ...We are sort of in that hour to hour phrase right now where something could change in hour or two that would either delay or move it forward. It has worked both ways...Some things moves quicker than we thought than some things take longer than we thought. We thought we would go today [Tuesday]. We thought we would go at lunch time. It didn’t happen. ...things change and this is a very moveable situation. It is flexible. I know what the rates are, and I know what I expect them to be, but the minute I put them out and do that, I will be wrong and then someone will be disappointed. Maybe they will be better than I think they are, and that will be a good thing. [post 1 of 2....stay tuned]
2-21-2018 Intel/Newshound Guru sandyf ...it is almost odds on certainty that the IQD will never float.
2-21-2018 Newshound/Intel Guru Randy Koonce In addition, it is being rumored that Abadi has been trying to solicit money from various countries, in return for Dinar. But, some of that money would go to him, and not Iraq. If true, this may be the reason Abadi has been dragging his feet on 'pushing the button'. He could be wanting to make one last attempt to feather his own nest a little better. However, not only the Trump administration but these other countries as well, are putting tremendous pressure on Abadi to get this done...Or Else! ...In the event that we do not see this finished in the next 2 weeks - don't despair. They do not have to wait for another year. This will get gone - this year. ...the best thing we have going right now is a Very. Determined. President. We are close...Every large bank will exchange...RELAX the RV is coming...Check www.cbi.iq every day to see if it has changed...Breathe... [post 3 of 3]
2-21-2018 Newshound/Intel Guru Randy Koonce ...there is a very real reason why the RV has not happened years ago. So, some history...One of the things that we learned was the fact that Obama was never going to let it happen as long as he was president. We learned that half of Obama's cabinet wanted to release the RV and the other half agreed with Valerie Jarrett, who did not want anyone in the US to participate in this blessing. ...So, between Maliki's regime and Valarie Jarrett's influence over Obama, the previous eight years were a total waste of time from the RV standpoint. Now that Trump is in office, he very much wants this done, but does not want Iran to benefit. President Trump is working hard to get this done, because he knows many of us are holding dinar, and wants to allow us to bless and grow the economy of the USA. You've probably heard the phrase...Make American Great Again? [post 2 of 3....stay tuned]
2-21-2018 Newshound/Intel Guru Randy Koonce All the 'gurus' have watched since the first of the year for the RV to happen. What we have all learned is that the revaluation of the Iraqi Dinar has become the biggest political football in history. And that is why we are still waiting. However, it appears that the time has come for Abadi to finally step up to the plate. Based on information I am receiving, we believe that the RV will (should) take place within the next 2 weeks. Great pressure is being brought to bear to make this happen. Everyone - including the people who can make this happen - are tired of waiting for this to happen. And 'they' are pushing. So. We are in a 2 week window. Right now. [post 1 of 3....stay tuned]
2-21-2018 Intel Guru Bluwolf ...TO ALL WHO ARE WAITING FOR NEWS FOR YOUR EXCHANGES, IT SHALL BE ALONG SHORTLY.
2-21-2018 Newshound Guru Kaperoni Article: "IFC is cooperating with the Iraqi Central Bank to strengthen corporate governance in the banking sector" Quote: "This initiative comes within the framework of IFC's strategy to stimulate private sector growth in Iraq..." ...the IFC is going to drive investment into Iraq and as a result capital through the CBI. Exactly what we want...
2-21-2018 Newshound Guru Adam Montana ...On a different subject, I saw a news clip about a confrontation in Iraq yesterday. It surprised me, because we’ve really seen almost NOTHING along those lines in the last year...major violence in Iraq has been almost non-existent lately when compared to 2013,14,15...as we all know here, Iraq certainly is not the same place it was 5 years ago! It makes one wonder...is Iraq finally to a point where they are “flying under the radar” for the most part, and therefore in a perfect place to surprise the world with something big? That could certainly be the case. Bring it on! They might catch the rest of the world by surprise, but not us. [post 2 of 2]
2-21-2018 Newshound Guru Adam Montana Dinar is getting interesting again, isn’t it? It’s about time! Major news is pretty simple - no HCL yet, but it’s gaining a lot of outside support in a quick way. Notably, the price of Crude has stabilized to around the same price it was back in early 2014. This is exactly what the recent OPEC agreement was intended to do, and the fact that it’s succeeding is VERY encouraging. Reports that it should get back up into the $80 range are everywhere. The important part here is that oil IS stable, and it IS going up, in a mostly predictable fashion. This is what Iraq needs to really move on the HCL...Also promising is reports that some dealers are showing a shortage of IQD notes for sale. This could be a strong indicator that the available supply is drying up, or it could mean that demand from investors like us is getting lower... Good for us, either way!... [post 1 of 2....stay tuned]
2-21-2018 Newshound Guru G-Lin Articles "The recovery of the Iraqi dinar"; "Merry of Iraqi dinar" These arts. are by two leading economist from Iraq and they are heaping praise on the CBI for narrowing the spread in the market place. This is exactly what the IMF has been trying to get Iraq to do for years. This fights corruption and gives some prestige to the dinar. Higher value and stronger purchasing power. Hopefully this tread will continue and we will see them liberate the exchange rate in the open market internationally. We know Iraq is examining the example of Egypt pound... Egypt is a success story and their economy has improved since they started the float in 2016. I like this part of the above art. "restore the splendor in the currency market .. Financial stability and the strength of the Iraqi dinar aim to reduce the systemic risks that have emerged with the recurrence of financial crises."
2-21-2018 Intel Guru Bruce I think it is important to see that this redemption and we call it redemption is close and I know I have said it is close before, but I do mean that. I have heard (3) separate bankers say that we that shouldn’t get out of this week without being completely wealthy. Now am I calling it? No. I am just telling you what I have heard. We will see if it is true. We are at the point there are a few little things to be handled that I heard about, but the Intel we heard earlier said we shouldn’t get out of this week to be rich I believe is still true...there is not a lot we need to know except be ready. [post 2 of 2]
2-21-2018 Intel Guru Bruce ...We are sort of in that hour to hour phrase right now where something could change in hour or two that would either delay or move it forward. It has worked both ways...Some things moves quicker than we thought than some things take longer than we thought. We thought we would go today [Tuesday]. We thought we would go at lunch time. It didn’t happen. ...things change and this is a very moveable situation. It is flexible. I know what the rates are, and I know what I expect them to be, but the minute I put them out and do that, I will be wrong and then someone will be disappointed. Maybe they will be better than I think they are, and that will be a good thing. [post 1 of 2....stay tuned]
2-21-2018 Intel/Newshound Guru sandyf ...it is almost odds on certainty that the IQD will never float.
2-21-2018 Newshound/Intel Guru Randy Koonce In addition, it is being rumored that Abadi has been trying to solicit money from various countries, in return for Dinar. But, some of that money would go to him, and not Iraq. If true, this may be the reason Abadi has been dragging his feet on 'pushing the button'. He could be wanting to make one last attempt to feather his own nest a little better. However, not only the Trump administration but these other countries as well, are putting tremendous pressure on Abadi to get this done...Or Else! ...In the event that we do not see this finished in the next 2 weeks - don't despair. They do not have to wait for another year. This will get gone - this year. ...the best thing we have going right now is a Very. Determined. President. We are close...Every large bank will exchange...RELAX the RV is coming...Check www.cbi.iq every day to see if it has changed...Breathe... [post 3 of 3]
2-21-2018 Newshound/Intel Guru Randy Koonce ...there is a very real reason why the RV has not happened years ago. So, some history...One of the things that we learned was the fact that Obama was never going to let it happen as long as he was president. We learned that half of Obama's cabinet wanted to release the RV and the other half agreed with Valerie Jarrett, who did not want anyone in the US to participate in this blessing. ...So, between Maliki's regime and Valarie Jarrett's influence over Obama, the previous eight years were a total waste of time from the RV standpoint. Now that Trump is in office, he very much wants this done, but does not want Iran to benefit. President Trump is working hard to get this done, because he knows many of us are holding dinar, and wants to allow us to bless and grow the economy of the USA. You've probably heard the phrase...Make American Great Again? [post 2 of 3....stay tuned]
2-21-2018 Newshound/Intel Guru Randy Koonce All the 'gurus' have watched since the first of the year for the RV to happen. What we have all learned is that the revaluation of the Iraqi Dinar has become the biggest political football in history. And that is why we are still waiting. However, it appears that the time has come for Abadi to finally step up to the plate. Based on information I am receiving, we believe that the RV will (should) take place within the next 2 weeks. Great pressure is being brought to bear to make this happen. Everyone - including the people who can make this happen - are tired of waiting for this to happen. And 'they' are pushing. So. We are in a 2 week window. Right now. [post 1 of 3....stay tuned]
2-20-2018 Newshound Guru Kaperoni Article: "The recovery of the Iraqi dinar" ...Nasiri is giving props to the CBI for reducing the spread. The IMF continues to guide them towards the finish line ever so slowly...we all would love some sort of RV, but truthfully, it is just not possible. Both monetary policy wise and logistically. But I do agree, Iraq does need to raise the value soon and hopefully that will begin to occur this year.
2-20-2018 Newshound Guru mike Iraq has over 60 trillion in M0 money supply right now.
2-20-2018 Intel Guru Dr. Clarke ...The Media, will NOT give you the entire, True story. Governments will NOT, give you the entire, True story. Even most of your trusted personal comrades, will NOT, give you the True stories. This MASSIVE CURRENCY MOVE & every single piece of it (and there are many), will NOT be telegraphed ahead of time, exactly to the Day or Time or Hour. It WILL BE & IS BEING: Hinted about, Directed toward, Felt by, “In the Vicinity of”, and “Prepared For”...by many, who’s INTENTION is to “ASSIST THE PEOPLE”, in the Most Beneficial Ways possible, without HARM... AND TO THE EXTENT “ALLOWABLE”...IN ORDER TO WIN! There is a “Process” taking place, the finishing touches of which, are happening RIGHT NOW, despite all your “DOUBTS” or what you THINK you can “SEE”. This “Process”, has a few more DAYS, from what we just learned...and not too to many more. EACH DAY-BY-DAY CHANGES - MORE TO YOUR ADVANTAGE. MORE TO YOUR ADVANTAGE. [post 3 of 3]
2-20-2018 Intel Guru Dr. Clarke ...We felt like Preaching a little Today, even though it’s not Sunday Morning. But, we can FEEL the nervous DOUBT & TENSION Worldwide among the People, BUILDING. We’re just Following Orders, which we’ve learned to do, without hesitation or question. AND for those of you who say, “Dr. Clarke, please stop talking in Riddles, and speak Direct about things”. We give you Riddles when we HAVE TO, and Direct Information, when we can or Feel Like it. THERE ARE IMPORTANT REASONS FOR EVERYTHING. BE GRATEFUL, THANKFUL & APPRECIATIVE of Everything you get from ALL SOURCES, even though you may not agree with ALL of it. (God, Spirit, Source, Universe, Your Higher Power) speaks through ALL AVENUES, in Life. ALL AVENUES, with the Puzzle pieces you need to hear & know about, WHEN you Need It...NOT ACCORDING TO YOUR - YOUR TIMING or VALUE of such. EVERYTHING is Perfectly Timed. EVERYTHING... MOST of Which, you Cannot “SEE”... [post 2 of 3....stay tuned]
2-20-2018 Intel Guru Dr. Clarke We’re attempting to “ASSIST YOU”, in a Positive Way. TO ASSIST, in telling you where “Things” are at, right now. “IT WILL BE NOTHING, NOTHING, NOTHING, NOTHING, NOTHING... EVERYTHING!” YOU ALL have Come this Far. Are you a Quitter, because of this History from yesterday and beyond, thinking that tomorrow will just be the same? You can. That’s your Choice. There is no WRONG ANSWER, either way. TOMORROW is NOT and WILL NOT, be the Same. “Ye, of Little Faith. Little Faith” ...as the saying goes. This is about to get REAL! ...things were about to get “INSANE”. YOU haven’t “SEEN” anything YET! ONCE THIS BREAKS OUT...“INSANITY” will break out beyond your Imagination. TODAY IS THE CONFUSION phase. ...You will Re-Define what “INSANITY” means. [post 1 of 3....stay tuned]
2-20-2018 Newshound/Intel Guru BGG
1) Fewer auctions?
2) Tightening borders (fewer exports)?
3) More demand? I sincerely doubt it.
4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced. Hence, the price goes up. [post 2 of 2]
2-20-2018 Newshound/Intel Guru BGG Article: "Central Bank of Iraq Auctions $189,834,222 on 20 February 2018" ...After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S...one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions. So, obviously, that’s not true...so what is it? Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from. I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. So… [post 1 of 2....stay tuned]
2-20-2018 Newshound Guru Don961 I don't believe "After elections" has anything to do with timing of monetary reforms...just that elections come up in less than 3 months and fall into this time mentioned...it may just take that long to set everything up...to everyone's satisfaction... I would think an RI would go a long way to satisfying investors in the new process...as we have been told 1st hand was discussed heavily at the conference... I would think high transparency is in order...no matter how much they kick and scream about "interfering in Iraq's affairs" ...because of their history ( Maliki and others )...they have to prove themselves trustworthy. [post 2 of 2]
2-20-2018 Newshound Guru Don961 Article: "Abadi vowed to overthrow the corrupt .. These laws will protect investors" imo...the article and Abadi is stating they are getting the high commission in place to follow up on any possible corruption... reducing/removing bureaucracy...and the next few months will show the results of what they have in place...to assure potential investors that their money will be safe...and used only for its intended purposes... [post 1 of 2....stay tuned]
2-20-2018 Intel Guru Dr. Clarke We still Love, FEBRUARY ...TONS, can happen in just ONE DAY. TONS...and MAJOR things are happening right now, QUICKLY. ...“WE’RE STILL very Bullish on FEBRUARY, even if it takes to the very last day of this month. We just learned this morning, that this is still VERY MUCH THE CASE. What we’re talking about, is the START, to this Foreign Currency Exchange “PROCESS”, PUBLICLY - as we said last week. This “Process”, is a PUBLIC START, to Exchange, which we expect to START BEFORE FEBRUARY ends, and will MOST DEFINITELY LEAK INTO THE MONTH OF MARCH…..AND into APRIL. It’s a “Process”. It can START, ANY DAY Now, this month...YOU WANT GUARANTEES? “THERE ARE NO GUARANTEES IN LIFE”. Grow Up. [post 3 of 3]
2-20-2018 Newshound Guru mike Iraq has over 60 trillion in M0 money supply right now.
2-20-2018 Intel Guru Dr. Clarke ...The Media, will NOT give you the entire, True story. Governments will NOT, give you the entire, True story. Even most of your trusted personal comrades, will NOT, give you the True stories. This MASSIVE CURRENCY MOVE & every single piece of it (and there are many), will NOT be telegraphed ahead of time, exactly to the Day or Time or Hour. It WILL BE & IS BEING: Hinted about, Directed toward, Felt by, “In the Vicinity of”, and “Prepared For”...by many, who’s INTENTION is to “ASSIST THE PEOPLE”, in the Most Beneficial Ways possible, without HARM... AND TO THE EXTENT “ALLOWABLE”...IN ORDER TO WIN! There is a “Process” taking place, the finishing touches of which, are happening RIGHT NOW, despite all your “DOUBTS” or what you THINK you can “SEE”. This “Process”, has a few more DAYS, from what we just learned...and not too to many more. EACH DAY-BY-DAY CHANGES - MORE TO YOUR ADVANTAGE. MORE TO YOUR ADVANTAGE. [post 3 of 3]
2-20-2018 Intel Guru Dr. Clarke ...We felt like Preaching a little Today, even though it’s not Sunday Morning. But, we can FEEL the nervous DOUBT & TENSION Worldwide among the People, BUILDING. We’re just Following Orders, which we’ve learned to do, without hesitation or question. AND for those of you who say, “Dr. Clarke, please stop talking in Riddles, and speak Direct about things”. We give you Riddles when we HAVE TO, and Direct Information, when we can or Feel Like it. THERE ARE IMPORTANT REASONS FOR EVERYTHING. BE GRATEFUL, THANKFUL & APPRECIATIVE of Everything you get from ALL SOURCES, even though you may not agree with ALL of it. (God, Spirit, Source, Universe, Your Higher Power) speaks through ALL AVENUES, in Life. ALL AVENUES, with the Puzzle pieces you need to hear & know about, WHEN you Need It...NOT ACCORDING TO YOUR - YOUR TIMING or VALUE of such. EVERYTHING is Perfectly Timed. EVERYTHING... MOST of Which, you Cannot “SEE”... [post 2 of 3....stay tuned]
2-20-2018 Intel Guru Dr. Clarke We’re attempting to “ASSIST YOU”, in a Positive Way. TO ASSIST, in telling you where “Things” are at, right now. “IT WILL BE NOTHING, NOTHING, NOTHING, NOTHING, NOTHING... EVERYTHING!” YOU ALL have Come this Far. Are you a Quitter, because of this History from yesterday and beyond, thinking that tomorrow will just be the same? You can. That’s your Choice. There is no WRONG ANSWER, either way. TOMORROW is NOT and WILL NOT, be the Same. “Ye, of Little Faith. Little Faith” ...as the saying goes. This is about to get REAL! ...things were about to get “INSANE”. YOU haven’t “SEEN” anything YET! ONCE THIS BREAKS OUT...“INSANITY” will break out beyond your Imagination. TODAY IS THE CONFUSION phase. ...You will Re-Define what “INSANITY” means. [post 1 of 3....stay tuned]
2-20-2018 Newshound/Intel Guru BGG
1) Fewer auctions?
2) Tightening borders (fewer exports)?
3) More demand? I sincerely doubt it.
4) IMHO and most likely, the supply here in the U.S. from disgruntled sellers, which is likely where the bulk of the U.S. supply really comes from, and current interested buyers has finally reached a point of parity where the “supply – demand” scales are more evenly balanced. Hence, the price goes up. [post 2 of 2]
2-20-2018 Newshound/Intel Guru BGG Article: "Central Bank of Iraq Auctions $189,834,222 on 20 February 2018" ...After recently asking around about the reasons for the “tightening” of the supply of Dinar in the U.S...one of the main reasons I got was the fewer and fewer auctions. Wait – what?!? They are still having fairly robust auctions. So, obviously, that’s not true...so what is it? Another possibility is this MASSIVE financial embargo on Kurdistan, provided this was where currency was coming from. I have also heard of a couple of major players talking about having money in – or being able to get money out of Kurdistan… all baloney. So… [post 1 of 2....stay tuned]
2-20-2018 Newshound Guru Don961 I don't believe "After elections" has anything to do with timing of monetary reforms...just that elections come up in less than 3 months and fall into this time mentioned...it may just take that long to set everything up...to everyone's satisfaction... I would think an RI would go a long way to satisfying investors in the new process...as we have been told 1st hand was discussed heavily at the conference... I would think high transparency is in order...no matter how much they kick and scream about "interfering in Iraq's affairs" ...because of their history ( Maliki and others )...they have to prove themselves trustworthy. [post 2 of 2]
2-20-2018 Newshound Guru Don961 Article: "Abadi vowed to overthrow the corrupt .. These laws will protect investors" imo...the article and Abadi is stating they are getting the high commission in place to follow up on any possible corruption... reducing/removing bureaucracy...and the next few months will show the results of what they have in place...to assure potential investors that their money will be safe...and used only for its intended purposes... [post 1 of 2....stay tuned]
2-20-2018 Intel Guru Dr. Clarke We still Love, FEBRUARY ...TONS, can happen in just ONE DAY. TONS...and MAJOR things are happening right now, QUICKLY. ...“WE’RE STILL very Bullish on FEBRUARY, even if it takes to the very last day of this month. We just learned this morning, that this is still VERY MUCH THE CASE. What we’re talking about, is the START, to this Foreign Currency Exchange “PROCESS”, PUBLICLY - as we said last week. This “Process”, is a PUBLIC START, to Exchange, which we expect to START BEFORE FEBRUARY ends, and will MOST DEFINITELY LEAK INTO THE MONTH OF MARCH…..AND into APRIL. It’s a “Process”. It can START, ANY DAY Now, this month...YOU WANT GUARANTEES? “THERE ARE NO GUARANTEES IN LIFE”. Grow Up. [post 3 of 3]
2-19-2018 Intel Guru Dr. Clarke ADD TO THIS, the amount of CURRENCY THE U.S. HOLDS FROM IRAQ - (Estimated at least 4 TRILLION) - AND the amount of CURRENCY THE U.S. HOLDS FROM VIETNAM - (estimated at least 18 TRILLION - unconfirmed rough estimate) - WHY Iraq & Vietnam? WAR & WAR! This all spells a BIG INCENTIVE IN BIG MONEY, to hurry up and get a SUBSTANTIAL RATE VALUE INCREASE DONE, not only in IRAQ, but with VIETNAM, and a handful of others, to Stabilize, Balance & INCREASE World Trade mechanisms, which continue to be out of Balance. [post 2 of 3....stay tuned]
2-19-2018 Intel Guru Dr. Clarke YOU HAVE TO UNDERSTAND SOMETHING. O - I - L controls the World. ...It controls the World, because it’s the LARGEST REVENUE GENERATOR, on the Planet...AND it exerts the LARGEST CONTROL FACTOR, over ANY COUNTRY. ...AND...OIL CONTROLS & FUNDS ALL OF YOUR INVESTMENT. PERIOD! People say, “Follow the Money”. We say NO! Follow the OIL. So, NOW there is an ASSURANCE of a Steady Flow of BIG OIL revenue, from Primarily IRAQ, and that is NOW IN PLACE, WHICH WASN’T THE CASE BACK IN JUNE 2017... [post 1 of 3....stay tuned]
2-19-2018 Newshound Guru Kaperoni Article: "Dollar rates: a slight rise in Baghdad, Erbil and stability in Basra" 1221 to $1. I believe the 2% goal is 1213 to $1 (1184 + 6 dinar CBI commission =1190 x .02 = 1213)
2-19-2018 Intel Guru RayRen98 CORPORATE BANKSTERS ARE MEETING TODAY TO FINALIZE THE 800 NUMBER PROCESS...HOT NEWS REPORTEDLY, ALL DISTRICTS SHOULD HAVE RELEASED 800 NUMBERS TO THEIR BANKS BY TODAY! (STILL WAITING FOR OURS). BANK I.T. STAFF AND EXCHANGE STAFF ARE "WORKING OUT THE BUGS" IN PREPARATION FOR YOU!!!
2-19-2018 Newshound Guru chattels Difficult to know whether the "improvement" in the market rate for the dinar is the result of a decline in the value of the USD or betterment for the dinar? Likely the former some say.
2-19-2018 Intel/Newshound Guru sandyf According to the latest CBI financial statement (2016) there is over 45 trillion IQD in circulation, it should be noted that went up from 38 trillion in 2015, so anyone who claims the banknote count is decreasing should do some more homework. At around $4 that would value IQD in circulation at around 180 Trillion USD. If we were to assume that in the event of an RV that 50% was to be immediately redeemed then Iraq would be faced with a bill of around 90 trillion USD. You cannot redeem currency with oil in the ground so it is just not possible for any RV of the IQD without some financial backing from an outside entity. The answers lie with WHO is calling the shots. It has been stated many times over the years that the US holds a large amount of IQD and will benefit from the RV. How can that be the case if the US, as been said by some, were to fund the RV. Think about it.
2-19-2018 Newshound/Intel Guru BGG Article: "COMMITTEE OF ACCOUNTABILITY: ANNOUNCE THE NAMES OF 5,000 PEOPLE INCLUDED IN THE SEIZURE OF FUNDS THIS WEEK" Funny how that works...about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq. According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now. P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…It is critical to Iraq’s long term success to get a handle on the endemic corruption.
2-19-2018 Newshound Guru G-Lin "Economist shows the most important "problem" facing investment in Iraq" The news currently is scarce and most of it is propaganda...Being an election year in Iraq, it is hard to tell the honesty in most arts. It is time for Iraq to act on their economy however. And floating their dinar may be a life saver. I think it would give the investors a little bit of confidence that seems to be missing. They really need to do something at this stage. We shall see.
2-19-2018 Newshound Guru Don961 Seems like someone is in control of this total process ... in every aspect ... and things are falling into place all over in every way for Iraq's currency ...imo.
2-19-2018 Intel Guru Dr. Clarke YOU HAVE TO UNDERSTAND SOMETHING. O - I - L controls the World. ...It controls the World, because it’s the LARGEST REVENUE GENERATOR, on the Planet...AND it exerts the LARGEST CONTROL FACTOR, over ANY COUNTRY. ...AND...OIL CONTROLS & FUNDS ALL OF YOUR INVESTMENT. PERIOD! People say, “Follow the Money”. We say NO! Follow the OIL. So, NOW there is an ASSURANCE of a Steady Flow of BIG OIL revenue, from Primarily IRAQ, and that is NOW IN PLACE, WHICH WASN’T THE CASE BACK IN JUNE 2017... [post 1 of 3....stay tuned]
2-19-2018 Newshound Guru Kaperoni Article: "Dollar rates: a slight rise in Baghdad, Erbil and stability in Basra" 1221 to $1. I believe the 2% goal is 1213 to $1 (1184 + 6 dinar CBI commission =1190 x .02 = 1213)
2-19-2018 Intel Guru RayRen98 CORPORATE BANKSTERS ARE MEETING TODAY TO FINALIZE THE 800 NUMBER PROCESS...HOT NEWS REPORTEDLY, ALL DISTRICTS SHOULD HAVE RELEASED 800 NUMBERS TO THEIR BANKS BY TODAY! (STILL WAITING FOR OURS). BANK I.T. STAFF AND EXCHANGE STAFF ARE "WORKING OUT THE BUGS" IN PREPARATION FOR YOU!!!
2-19-2018 Newshound Guru chattels Difficult to know whether the "improvement" in the market rate for the dinar is the result of a decline in the value of the USD or betterment for the dinar? Likely the former some say.
2-19-2018 Intel/Newshound Guru sandyf According to the latest CBI financial statement (2016) there is over 45 trillion IQD in circulation, it should be noted that went up from 38 trillion in 2015, so anyone who claims the banknote count is decreasing should do some more homework. At around $4 that would value IQD in circulation at around 180 Trillion USD. If we were to assume that in the event of an RV that 50% was to be immediately redeemed then Iraq would be faced with a bill of around 90 trillion USD. You cannot redeem currency with oil in the ground so it is just not possible for any RV of the IQD without some financial backing from an outside entity. The answers lie with WHO is calling the shots. It has been stated many times over the years that the US holds a large amount of IQD and will benefit from the RV. How can that be the case if the US, as been said by some, were to fund the RV. Think about it.
2-19-2018 Newshound/Intel Guru BGG Article: "COMMITTEE OF ACCOUNTABILITY: ANNOUNCE THE NAMES OF 5,000 PEOPLE INCLUDED IN THE SEIZURE OF FUNDS THIS WEEK" Funny how that works...about one day after they realize the world isn’t going to “give them” anymore money, they go back and think about getting it back from the crooked politicians who’ve been stealing from the GOI and the people of Iraq. According to recent estimates, they could collect as much as 500 BILLION (USD) back to the state treasury by enacting and enforcing simple legislation they’ve had in the works for some time now. P.S. as reported in major OP ED’s in Baghdad recently, Maliki and his henchmen had better wind up on this list…It is critical to Iraq’s long term success to get a handle on the endemic corruption.
2-19-2018 Newshound Guru G-Lin "Economist shows the most important "problem" facing investment in Iraq" The news currently is scarce and most of it is propaganda...Being an election year in Iraq, it is hard to tell the honesty in most arts. It is time for Iraq to act on their economy however. And floating their dinar may be a life saver. I think it would give the investors a little bit of confidence that seems to be missing. They really need to do something at this stage. We shall see.
2-19-2018 Newshound Guru Don961 Seems like someone is in control of this total process ... in every aspect ... and things are falling into place all over in every way for Iraq's currency ...imo.
2-18-2018 Newshound Guru chattels Article quote: "Foreign exchange markets in Baghdad, on Sunday morning, a significant decline in the exchange rate of the dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1225.5 dinars per dollar, ie 122 thousand and 550 dinars per hundred dollars." [... if the exchange declines...will that reduce the spread?] Yes, a 2% spread or variance requires that the Dinar market rate be about 1202. [NOTE: other gurus calculate the number needed for the 2% compliance to be 1207]
2-18-2018 Newshound Guru mike The math on this is super simple...they received roughly $1.5 billion in cash, that's it, a far cry from the minimum $88 billion estimated to rebuild Anbar Province. Many articles spoke to these businesses in Kuwait for the conference but were reluctant to jump in because of the rampant government corruption and difficulty to operate in Iraq. Abadi has got to get a grip on the corruption, pass the laws for economic growth and get his country's currency in line for international acceptance before anyone's putting real money into this country outside of the oil industry. Hoping for large contracts that may start at the beginning of 2019 isn't the answer we're looking for, Iraq needs help and action right now, today. 2.5 million people are displaced and have no home. [reference chattels post 2-18-2018] [post 2 of 2]
2-18-2018 Newshound Guru mike Article: "Invest Iraq conference" concludes in Kuwait" For sure, this conference did not live up to the expectations that folks were screaming about before the event. This was planned for months prior to the February 12th, Abadi was counting on this to aid his bid for a second term as PM, which is why these tepid articles about success are beginning to come out. He has to spin this in a way that serves his purpose. Pledges and contracts in the ME are not the same as cash in hand. Iraq won't manage any of the funds the Sunni countries put towards reconstruction, these will all be managed by the WB and IMF. [post 1 of 2....stay tuned]
2-18-2018 Intel Guru RayRen98 Jabouri is indicating that the budget will be complete in one week...While at the Security Council summit in Germany, Abadi being under pressure, agrees to getting it done...The Baghdad/Erbil crisis comes to an end at the National Conference! The Kurds are happy with the results of the Article 140 debacle and are agreeing to cast their vote. Now, let's bring on this budget and move on...to the public release of the new rates! Yeah!!
2-18-2018 Newshound Guru chattels Article: "Invest Iraq conference" concludes in Kuwait " Perhaps the conference was not the failure it appeared at first blush, but we may not know until 2019 + and how Iraq will make progress on the problem of corruption remains to be seen also.
2-18-2018 Newshound/Intel Guru BGG ...I am assuming those opposed to corruption and the corrupt processes...are putting pressure on the first group to do something, other than just fish around for free money. Such is noted in the above article. On a side note, and relating to “fishing around” for free money...there did appear to be something of a start to rounding up corrupt political figures in an effort to reclaim “ill-gotten gains”. As an additional note: Reported in Baghdad recently, it is implied such a push must include Maliki and his henchmen if such a move is to be recognized by the world (and Iraqis) as a genuine effort. While a float may or may not be what they (or you and I) had envisioned, they just may well do something like this before they do nothing at all. ...I don’t really care how it starts...just that it does and they GET TO IT!! [post 2 of 2]
2-18-2018 Newshound/Intel Guru BGG ...some interesting stuff out there right now...I kind of figured with the send-off Abadi got at Davos, I had figured this Kuwait Conference wouldn’t go quite the way everyone was thinking. ...There wasn’t much in the way of “hand-outs” directly to the government of Iraq. There were some commitments and some direct loans (if they want them). However, loans will weigh down their future budgets (is their concern)...I get the impression they were mainly after free money. On the other hand, I am still encouraged. In fact, this recent article: ”Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy”…shows us a couple of things: 1) While there seems to be some resistance – from somewhere in the GOI to a move with the currency, where that is or why it is, I am unsure…2) …there also appears those on the other side of the fence... [post 1 of 2....stay tuned]
2-18-2018 Intel Guru Dr. Clarke Logic would have us Believe that everything must be Seen & Experienced, in order to justify it's existence. The Hugest, Biggest, Most Important things, in regard to this whole 15 year investment period.......are Happening, RIGHT HERE, RIGHT NOW, RIGHT AWAY, RIGHT UNDER YOUR NOSES, RIGHT OUT OF PLAIN SIGHT, SILENTLY ---"IL-LOGICALLY"...as it's meant to be. "SEE EVERYTHING" with your Eyes Closed. When you Open them - There it will Be. TRILLIONS are moving in thin air...un-SEE-able. MAJOR. All while the printing presses spit out the "Cloaking Device". It Stops. Then is STARTS. TIMING IS CRUCIAL. We Love February. Oh, how we Love FEBRUARY! That's how WE SEE things.
2-18-2018 Newshound Guru chattels Quote: "With these constitutional points, we can reform our economy" If we must await a constitutional amendment for the completion of economic / banking reform in Iraq then we could be here for quite awhile.
2-18-2018 Newshound Guru mike The math on this is super simple...they received roughly $1.5 billion in cash, that's it, a far cry from the minimum $88 billion estimated to rebuild Anbar Province. Many articles spoke to these businesses in Kuwait for the conference but were reluctant to jump in because of the rampant government corruption and difficulty to operate in Iraq. Abadi has got to get a grip on the corruption, pass the laws for economic growth and get his country's currency in line for international acceptance before anyone's putting real money into this country outside of the oil industry. Hoping for large contracts that may start at the beginning of 2019 isn't the answer we're looking for, Iraq needs help and action right now, today. 2.5 million people are displaced and have no home. [reference chattels post 2-18-2018] [post 2 of 2]
2-18-2018 Newshound Guru mike Article: "Invest Iraq conference" concludes in Kuwait" For sure, this conference did not live up to the expectations that folks were screaming about before the event. This was planned for months prior to the February 12th, Abadi was counting on this to aid his bid for a second term as PM, which is why these tepid articles about success are beginning to come out. He has to spin this in a way that serves his purpose. Pledges and contracts in the ME are not the same as cash in hand. Iraq won't manage any of the funds the Sunni countries put towards reconstruction, these will all be managed by the WB and IMF. [post 1 of 2....stay tuned]
2-18-2018 Intel Guru RayRen98 Jabouri is indicating that the budget will be complete in one week...While at the Security Council summit in Germany, Abadi being under pressure, agrees to getting it done...The Baghdad/Erbil crisis comes to an end at the National Conference! The Kurds are happy with the results of the Article 140 debacle and are agreeing to cast their vote. Now, let's bring on this budget and move on...to the public release of the new rates! Yeah!!
2-18-2018 Newshound Guru chattels Article: "Invest Iraq conference" concludes in Kuwait " Perhaps the conference was not the failure it appeared at first blush, but we may not know until 2019 + and how Iraq will make progress on the problem of corruption remains to be seen also.
2-18-2018 Newshound/Intel Guru BGG ...I am assuming those opposed to corruption and the corrupt processes...are putting pressure on the first group to do something, other than just fish around for free money. Such is noted in the above article. On a side note, and relating to “fishing around” for free money...there did appear to be something of a start to rounding up corrupt political figures in an effort to reclaim “ill-gotten gains”. As an additional note: Reported in Baghdad recently, it is implied such a push must include Maliki and his henchmen if such a move is to be recognized by the world (and Iraqis) as a genuine effort. While a float may or may not be what they (or you and I) had envisioned, they just may well do something like this before they do nothing at all. ...I don’t really care how it starts...just that it does and they GET TO IT!! [post 2 of 2]
2-18-2018 Newshound/Intel Guru BGG ...some interesting stuff out there right now...I kind of figured with the send-off Abadi got at Davos, I had figured this Kuwait Conference wouldn’t go quite the way everyone was thinking. ...There wasn’t much in the way of “hand-outs” directly to the government of Iraq. There were some commitments and some direct loans (if they want them). However, loans will weigh down their future budgets (is their concern)...I get the impression they were mainly after free money. On the other hand, I am still encouraged. In fact, this recent article: ”Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy”…shows us a couple of things: 1) While there seems to be some resistance – from somewhere in the GOI to a move with the currency, where that is or why it is, I am unsure…2) …there also appears those on the other side of the fence... [post 1 of 2....stay tuned]
2-18-2018 Intel Guru Dr. Clarke Logic would have us Believe that everything must be Seen & Experienced, in order to justify it's existence. The Hugest, Biggest, Most Important things, in regard to this whole 15 year investment period.......are Happening, RIGHT HERE, RIGHT NOW, RIGHT AWAY, RIGHT UNDER YOUR NOSES, RIGHT OUT OF PLAIN SIGHT, SILENTLY ---"IL-LOGICALLY"...as it's meant to be. "SEE EVERYTHING" with your Eyes Closed. When you Open them - There it will Be. TRILLIONS are moving in thin air...un-SEE-able. MAJOR. All while the printing presses spit out the "Cloaking Device". It Stops. Then is STARTS. TIMING IS CRUCIAL. We Love February. Oh, how we Love FEBRUARY! That's how WE SEE things.
2-18-2018 Newshound Guru chattels Quote: "With these constitutional points, we can reform our economy" If we must await a constitutional amendment for the completion of economic / banking reform in Iraq then we could be here for quite awhile.
2-17-2018 Newshound Guru chattels Article: "Baghdad News - The exchange rate of the dollar fell in the Iraqi market against the dinar, and the general trend on demand was moderate. The exchange rate of the dollar in the Stock Exchange Baghdad purchase price $ 100 = 122.750 Iraqi dinars Selling price $ 100 = 122.800 Iraqi dinars." The market rate is improving for the Dinar against the dollar in Iraq. It was as high as 1,300 within the past year as I recall.
2-17-2018 Newshound Guru Kaperoni Article: "Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy" [If they float, auctions cannot stop until the dinar is equal to dollar.] ...that is false. Accepting IMF Article VIII (making the dinar more internationally accepted and convertible) is the key. Doing so would allow the CBI to stop selling dollars to pay for imports. As well, the CBI then makes commissions off the conversion of currency. This is why the CBI is trying so hard to reduce the spread...so they are in compliance and can move to Article VIII.
2-17-2018 Newshound Guru G-Lin Article: "Flooding the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy" This is yet another analyst opinion. But a good one. He is comparing two different outcomes of the economies of Egypt and Venezuela. One floated their currency and the other did not. He is saying Iraq needs to follow the example of Egypt. It has taken about a year or so to see the improvement in their economy, but it is starting to improve. Venezuela on the other hand is tanking quickly. If Iraq doesn't take action and start floating their currency they will end up like them. To be honest I think this is an urgent message to Iraq. Let's hope they are listening. It is time for a change. Stop the auctions, float their currency, and let Iraq prosper through supply and demand. It's their only option IMO.
2-17-2018 Intel Guru Frank26 Article: "Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy." IMO...NOW THAT A HAS RETURNED AND TALKED WITH HIS MINISTERS AND EXPRESSED LAUNCHING HIS PROMISES FROM KW CONF ON THE 19TH...THEY ARE NOW ALREADY IN THE PROCESS OF SUSPENDING THE CBI AUCTIONS. ...TAKE NOTE THAT THE WORD IS "SUSPENDING"...NOT "CANCELLING"... IMO...THE PROCESS HAS ALREADY STARTED...THIS IS A TREMENDOUS ACCOMPLISHMENT BY A. THEY HAVE PUT THE PROCESS IMO...IN MOTION TRYING TO FIND A START DATE FOR THE RI. MAKE SURE THAT YOU UNDERSTAND I AM SHARING THIS WITH YOU FOR RIGHT NOW AS A "RUMOR" AND NOTHING MORE.
2-17-2018 Intel Guru Footforward ...the RV is going to happen. I expect it sometime between now and March 21st...I don't have a specific date... that's the timeline I'm looking at and there are many reasons for that... I expect the rate to be over $3...between $3 and $5... I think we are entering into one of the most exciting times in history.
2-17-2018 Intel Guru Dr. Clarke Your currency's value, is only as good as what's PUBLIC & OFFICIAL, as a value given on a computer screen. However, it happens INSTANTLY...without Warning ahead of time, without Announcement ahead of time, without Telegraphing ahead of time, without anyone's Secret Knowledge, AND certainly without someone, ANYONE, printing articles telling you WHEN & HOW, it's going to happen...and ESPECIALLY coming from a Middle Eastern country like Iraq or a Far East country like Vietnam. IT...JUST...HAPPENS. [post 2 of 2]
2-17-2018 Intel Guru Dr. Clarke We want IRAQ to Substantially Raise the Value of their Currency, Publicly. Officially. PERIOD. They haven't done this yet, and neither has Vietnam. An International Currency Status, (like Vietnam for instance) is MEANINGLESS to you and everyone else, UNLESS they RAISE THE VALUE. Iraq could make it's currency Officially, Publicly International, and STILL keep the same rate value range it's had for the past 15 years, if they wanted to - just like Vietnam, for instance...AND you still have no gain on your investment. Public, Official INTERNATIONAL STATUS alone, still doesn't help you! ...UNTIL the Rate Value Rises. [post 1 of 2....stay tuned]
2-17-2018 Newshound/Intel Guru BGG Article: "Flooding (floating) the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy" Relax folks…this is an OP – ED piece (which means Opinion Editorial – a writer’s opinion). It doesn’t mean they will do this. However, it does give us a peek into the current political climate. Very interesting… there has been much conversation over whether this meant “flood” or “float”… in context, based on the Egyptian references and Alak’s recent comments showing his averse position on this idea, I’m convinced this reference is to an actual “float” of some kind. Sounds like to me – this wasn’t their first choice but people are so tired of the corrupt process, some might be willing to try.
2-17-2018 Newshound Guru Kaperoni Article: "Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy" [If they float, auctions cannot stop until the dinar is equal to dollar.] ...that is false. Accepting IMF Article VIII (making the dinar more internationally accepted and convertible) is the key. Doing so would allow the CBI to stop selling dollars to pay for imports. As well, the CBI then makes commissions off the conversion of currency. This is why the CBI is trying so hard to reduce the spread...so they are in compliance and can move to Article VIII.
2-17-2018 Newshound Guru G-Lin Article: "Flooding the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy" This is yet another analyst opinion. But a good one. He is comparing two different outcomes of the economies of Egypt and Venezuela. One floated their currency and the other did not. He is saying Iraq needs to follow the example of Egypt. It has taken about a year or so to see the improvement in their economy, but it is starting to improve. Venezuela on the other hand is tanking quickly. If Iraq doesn't take action and start floating their currency they will end up like them. To be honest I think this is an urgent message to Iraq. Let's hope they are listening. It is time for a change. Stop the auctions, float their currency, and let Iraq prosper through supply and demand. It's their only option IMO.
2-17-2018 Intel Guru Frank26 Article: "Float the Iraqi dinar and stop the auction currency is the only solution of the Iraqi economy." IMO...NOW THAT A HAS RETURNED AND TALKED WITH HIS MINISTERS AND EXPRESSED LAUNCHING HIS PROMISES FROM KW CONF ON THE 19TH...THEY ARE NOW ALREADY IN THE PROCESS OF SUSPENDING THE CBI AUCTIONS. ...TAKE NOTE THAT THE WORD IS "SUSPENDING"...NOT "CANCELLING"... IMO...THE PROCESS HAS ALREADY STARTED...THIS IS A TREMENDOUS ACCOMPLISHMENT BY A. THEY HAVE PUT THE PROCESS IMO...IN MOTION TRYING TO FIND A START DATE FOR THE RI. MAKE SURE THAT YOU UNDERSTAND I AM SHARING THIS WITH YOU FOR RIGHT NOW AS A "RUMOR" AND NOTHING MORE.
2-17-2018 Intel Guru Footforward ...the RV is going to happen. I expect it sometime between now and March 21st...I don't have a specific date... that's the timeline I'm looking at and there are many reasons for that... I expect the rate to be over $3...between $3 and $5... I think we are entering into one of the most exciting times in history.
2-17-2018 Intel Guru Dr. Clarke Your currency's value, is only as good as what's PUBLIC & OFFICIAL, as a value given on a computer screen. However, it happens INSTANTLY...without Warning ahead of time, without Announcement ahead of time, without Telegraphing ahead of time, without anyone's Secret Knowledge, AND certainly without someone, ANYONE, printing articles telling you WHEN & HOW, it's going to happen...and ESPECIALLY coming from a Middle Eastern country like Iraq or a Far East country like Vietnam. IT...JUST...HAPPENS. [post 2 of 2]
2-17-2018 Intel Guru Dr. Clarke We want IRAQ to Substantially Raise the Value of their Currency, Publicly. Officially. PERIOD. They haven't done this yet, and neither has Vietnam. An International Currency Status, (like Vietnam for instance) is MEANINGLESS to you and everyone else, UNLESS they RAISE THE VALUE. Iraq could make it's currency Officially, Publicly International, and STILL keep the same rate value range it's had for the past 15 years, if they wanted to - just like Vietnam, for instance...AND you still have no gain on your investment. Public, Official INTERNATIONAL STATUS alone, still doesn't help you! ...UNTIL the Rate Value Rises. [post 1 of 2....stay tuned]
2-17-2018 Newshound/Intel Guru BGG Article: "Flooding (floating) the Iraqi dinar and stopping the auction is the only solution for the Iraqi economy" Relax folks…this is an OP – ED piece (which means Opinion Editorial – a writer’s opinion). It doesn’t mean they will do this. However, it does give us a peek into the current political climate. Very interesting… there has been much conversation over whether this meant “flood” or “float”… in context, based on the Egyptian references and Alak’s recent comments showing his averse position on this idea, I’m convinced this reference is to an actual “float” of some kind. Sounds like to me – this wasn’t their first choice but people are so tired of the corrupt process, some might be willing to try.
2-16-2018 Newshound Guru Breitling ..,And the Iraqi Dinar was becoming so popular they had to squash it. There has been a policy to keep the dinar artificially low. All we had to do was watch when the policy flipped…and what do we see? A huge huge decrease in dinar availability. That’s huge…the numbers don’t lie. The numbers are there and you see the result of it…you should right now be very very happy. There is still dinar out there…but it’s not sitting out there like it used to be. So that’s phenomenal news that’s coming out. We’re actually seeing the result of the reduction of the note count. And that means EVERYTHING. They just can’t add value to a currency. It has to physically equate and represent. Just like the U.S. dollar…and guess what? You’re seeing that. It’s here right in front of you. [Post 3 of 3 ]
2-16-2018 Intel Guru RayRen98 CURRENT WINDOW: Yes, we received a new window. Yes, it is over the course of this weekend. . .Friday to Tuesday morning it could go thru. New information coming in. This is just during the rush. Five big boys (banks) are increasing their reserves today.
2-16-2018 Newshound Guru Breitling ...Those numbers reflect…Do I have the exact number? No…I can tell you when I got into this investment they had about 9 billion notes. And that’s the information I got from the IMF when I researched this…so it went from 9 billion notes to 15 billion notes…I was like holy crap it’s not going to revalue when it gets this high. But guess what?…they said they were going to reduce the note count and they finally did. The last report was 4 billion notes. And I don’t know why they put that report out because you’re not supposed to do that….The reason why it got so high was coming from General Petraeus and these guys …they were saying they’re trying to keep the value down, cheap, so they could rebuild that country. [Post 2 of 3 stay tuned for the rest of the story]
2-16-2018 Newshound Guru Breitling …What’s the trend that’s coming out? I’ve been getting emails from people asking, “Hey can you recommend a place to buy currency because I went to this trader and they don’t have anymore?” …I started getting more and more emails…The reality is everyone is running out of dinar…I waited and waited to actually find out...from the guys who actually ship the currency over here. There are only three sources that ship the currency over here. And I found out they have no problem at all getting dinar…there’s no laws preventing them from getting dinar. No one has said anything to them. They have a shortage. Do you know what that means? That means they reduced the note count down that much. It means everything! [Post 1 of 3 stay tuned for the rest of the story]
2-16-2018 Newshound Guru Adam Montana Maliki - that's an interesting topic right now. I think he's backed off of the "old Maliki" style considerably, and Abadi is no fool. He's certainly wise to the posturing and politics. They say there's no such thing as an "honest politician", and even though I am a cheerleader for Abadi, the adage applies to him as well. I truly believe that Maliki has created enough past bad-will that he will never truly find himself in a position of power again, and Abadi can play the game well enough to ensure that stays true. If anything, Maliki's new approach will encourage positive progress for the country as a whole. Abadi should remain in his position, and any kind of peaceful and reasonable discourse between the parties will move us closer to an RV. Conclusion: As much as I loathe these words... I don't see Maliki as a hindrance to a ReValuation any more. In fact, he may be helping in a roundabout way.
2-16-2018 Intel Guru Bruce Iraq finished up their conference Rebuild Iraq hosted in Kuwait. The World Bank was backing all investment in that and so that was a way to make sure everybody knew they could invest confidently in Rebuilding Iraq. I think what makes it interesting is when it came to the Rebuilding Iraq Conference in Kuwait, we ended up saying we would not participate for the additional funding for Iraq ...as a country of the United States until we saw a rate put out... ...the dinar has been trading even last weekend Saturday morning almost at $5. We heard something in that effect again today from one of our Forex company it said that the dinar was on the move again or on the rise. That is a good sign for us. All the information we are hearing late this afternoon [Thursday] was pointing toward something happening any time now to by the weekend... we are in an any minute bases. That is what I am getting from several directions.
2-16-2018 Newshound/Intel Guru BGG Article: "$30bn Pledged to Iraq – Time to Act!" Quote: "While this is well short of the $88 billion in funding estimated to be needed..." They were actually talking about 100 Billion in “grants” (all along)… not 88 billion and not a single “grant” in sight. Looks like Iraq is gonna’ have to earn it. No one is giving it away today.
2-16-2018 Newshound Guru Kaperoni Article: "Iraq awaits the outcome of the Declaration of the participants their contributions to the reconstruction conference" Quote: "...the bank has focused on monetary stability, which is a major objective of monetary policy, especially as it alone manages the money supply and thus affect the price system..." This is great! They are doing what the IMF stated they must do first. Article VIII will come once they meet compliance.
2-16-2018 Newshound Guru mike Article: "World Bank: Iraq is not able to afford the donor debt" So, the WB thinks that Iraq needs to address the corruption as well: Quote: "the World Bank had recommended the Iraqi government not to borrow more loans, including soft, but the participating countries of Iraq granted sovereign loans, threatening the country 's wealth in the event of failure to regulate the investment process ." There are no more free lunches for Iraq, pass the laws, punish the corrupt and engage the open market policies required for financial survival.
2-16-2018 Intel Guru RayRen98 CURRENT WINDOW: Yes, we received a new window. Yes, it is over the course of this weekend. . .Friday to Tuesday morning it could go thru. New information coming in. This is just during the rush. Five big boys (banks) are increasing their reserves today.
2-16-2018 Newshound Guru Breitling ...Those numbers reflect…Do I have the exact number? No…I can tell you when I got into this investment they had about 9 billion notes. And that’s the information I got from the IMF when I researched this…so it went from 9 billion notes to 15 billion notes…I was like holy crap it’s not going to revalue when it gets this high. But guess what?…they said they were going to reduce the note count and they finally did. The last report was 4 billion notes. And I don’t know why they put that report out because you’re not supposed to do that….The reason why it got so high was coming from General Petraeus and these guys …they were saying they’re trying to keep the value down, cheap, so they could rebuild that country. [Post 2 of 3 stay tuned for the rest of the story]
2-16-2018 Newshound Guru Breitling …What’s the trend that’s coming out? I’ve been getting emails from people asking, “Hey can you recommend a place to buy currency because I went to this trader and they don’t have anymore?” …I started getting more and more emails…The reality is everyone is running out of dinar…I waited and waited to actually find out...from the guys who actually ship the currency over here. There are only three sources that ship the currency over here. And I found out they have no problem at all getting dinar…there’s no laws preventing them from getting dinar. No one has said anything to them. They have a shortage. Do you know what that means? That means they reduced the note count down that much. It means everything! [Post 1 of 3 stay tuned for the rest of the story]
2-16-2018 Newshound Guru Adam Montana Maliki - that's an interesting topic right now. I think he's backed off of the "old Maliki" style considerably, and Abadi is no fool. He's certainly wise to the posturing and politics. They say there's no such thing as an "honest politician", and even though I am a cheerleader for Abadi, the adage applies to him as well. I truly believe that Maliki has created enough past bad-will that he will never truly find himself in a position of power again, and Abadi can play the game well enough to ensure that stays true. If anything, Maliki's new approach will encourage positive progress for the country as a whole. Abadi should remain in his position, and any kind of peaceful and reasonable discourse between the parties will move us closer to an RV. Conclusion: As much as I loathe these words... I don't see Maliki as a hindrance to a ReValuation any more. In fact, he may be helping in a roundabout way.
2-16-2018 Intel Guru Bruce Iraq finished up their conference Rebuild Iraq hosted in Kuwait. The World Bank was backing all investment in that and so that was a way to make sure everybody knew they could invest confidently in Rebuilding Iraq. I think what makes it interesting is when it came to the Rebuilding Iraq Conference in Kuwait, we ended up saying we would not participate for the additional funding for Iraq ...as a country of the United States until we saw a rate put out... ...the dinar has been trading even last weekend Saturday morning almost at $5. We heard something in that effect again today from one of our Forex company it said that the dinar was on the move again or on the rise. That is a good sign for us. All the information we are hearing late this afternoon [Thursday] was pointing toward something happening any time now to by the weekend... we are in an any minute bases. That is what I am getting from several directions.
2-16-2018 Newshound/Intel Guru BGG Article: "$30bn Pledged to Iraq – Time to Act!" Quote: "While this is well short of the $88 billion in funding estimated to be needed..." They were actually talking about 100 Billion in “grants” (all along)… not 88 billion and not a single “grant” in sight. Looks like Iraq is gonna’ have to earn it. No one is giving it away today.
2-16-2018 Newshound Guru Kaperoni Article: "Iraq awaits the outcome of the Declaration of the participants their contributions to the reconstruction conference" Quote: "...the bank has focused on monetary stability, which is a major objective of monetary policy, especially as it alone manages the money supply and thus affect the price system..." This is great! They are doing what the IMF stated they must do first. Article VIII will come once they meet compliance.
2-16-2018 Newshound Guru mike Article: "World Bank: Iraq is not able to afford the donor debt" So, the WB thinks that Iraq needs to address the corruption as well: Quote: "the World Bank had recommended the Iraqi government not to borrow more loans, including soft, but the participating countries of Iraq granted sovereign loans, threatening the country 's wealth in the event of failure to regulate the investment process ." There are no more free lunches for Iraq, pass the laws, punish the corrupt and engage the open market policies required for financial survival.
2-15-2018 Newshound Guru Kaperoni Article: "Abadi announced the start of the second phase of the reconstruction of Iraq plan" Quote: "...the current reconstruction phase will create thousands of jobs and improve economic development." More importantly it will create economic pressure forcing the CBI to begin to raise the value.
2-15-2018 Newshound Guru Adam Montana I challenge ANYONE to argue that Iraq has not made an incredible amount of headway in the last 7-10 years. ISIS - ISIS who? Almost non-existent in the news these days. Iraq the "war zone"? Not anymore. Iraq used to be a primitive medieval dinosaur in the technology department, which is an extremely important part of their advancement into the world banking system. That's no longer an issue. Could their infrastructure be a little better? Of course, but it's infinitely improved compared to 10 years ago, and fully capable of interacting with all the major world exchanges. My list goes on... 1. I like the current situation. 2. Iraq is in a position to move, and soon. 3. That's the end of the list. HCL incoming! It's not going to happen tomorrow, but it's coming. I'm HODLing my IQD and also my faith. [post 2 of 2]
2-15-2018 Newshound Guru Adam Montana The Iraqi Dinar situation has been pretty interesting lately...in fact, the longer things stay "quiet", the more attention I'm paying to it. Think back a couple years. Do you remember when news was fast and furious, with developments happening on almost a daily basis? There was tons of talk about how "close" and "soon" we were to an RV. And to be extremely blunt about it - I don't disagree that we *could* have been on the brink of an RV at any of those moments. The release of every new URGENT article was indeed a signal that things were about to POP. Now, we're looking at weeks or months between "major" events, and some might see that as discouraging. I disagree. The big picture is very encouraging. The situation in Iraq is very much like many other things in history, where it took time to lay a solid foundation before a major change. [post 1 of 2....stay tuned]
2-15-2018 Newshound Guru Aggiedad77 "T'S" WERE CROSSED AND "I'S" DOTTED TO GET THIS CONFERENCE OFF THE GROUND...THE "SIDEBAR" MEETINGS...DON'T LOSE SIGHT OF THOSE...THEY WERE AND ALWAYS WILL BE OF GREAT IMPORTANCE...IMO AND THEY WILL MELD MONEY FROM GOD ONLY KNOWS WHERE TO GET IRAQ THROUGH THIS CRISIS IN REBUILDING...I'M FEELING CERTAIN OF THAT...PROOF?...WELL JUST WATCH FOR IT...AND WATCH CLOSE...DON'T BLINK...IMO. [post 2 of 2]
2-15-2018 Newshound Guru Breitling “...There’s supposedly 72 billion dinar out there.” Well if there’s 72 billion dinar you can’t revalue the dinar. You couldn’t even get it to a penny…There wasn’t 72 billion dinar out there. What it was is they didn’t know how to read the M0, M1, M2, M3 reports. Every country is different…the hidden note count was in the M1... So the other three reports that were attached to the country’s yearly report told you exactly what it was worth was everything added up. You take the real-estate, you take their assets, the currency is one little spot. And that’s what people are missing…That was the argument against the Iraqi dinar. And they were wrong from day 1. They got the math wrong one. And how they got the data to add up how much dinar was out there they simply got wrong.
2-15-2018 Newshound Guru Aggiedad77 WHAT LIES BELOW THE WATER...UNSEEN...IS OF SO MUCH LARGER PROPORTION...THERE WERE NUMEROUS "SIDEBAR" MEETINGS THAT HAPPENED AT THIS KUWAITI CONFERENCE ON BEHALF OF IRAQ AND THE IRAQI PEOPLE WHO HAVE BEEN IMPACTED IN ONE WAY OR ANOTHER BY THEIR WAR ON TERRORISM...YES YOU MAY HAVE THE OPINION THAT MANY FAILED TO RESPOND BECAUSE OF A CONCERN ABOUT CORRUPTION AND WHERE ANY DONATIONS OR LOANS WOULD ACTUALLY GO...WELL IMO...ABADI HAS THIS WELL UNDER CONTROL OR THERE WOULD HAVE BEEN NO KUWAITI CONFERENCE TO START WITH...THE KUWAITI'S WOULD NOT WANT EGG ON THEIR FACE IF THIS BLEW UP ON THEIR TURF... [post 1 of 2....stay tuned]
2-15-2018 Intel Guru RayRen98 NEW "UNCONFIRMED" RANGES FOR RATES: DINAR $4.00+/- AND DONG $1.49 +/- ...GETTING REPORTS OF IN-COUNTRY IRAQ RATES INCREASING TO $3.21 - $3.29 BOOM!!! - AWAITING CONFIRMATIONS OF SAID REPORTS...
2-15-2018 Intel Guru Dr. Clarke This is now Public, for the World to see. It is NOW Fact...since the official liberation of Mosul over 8 months ago, and Iraq's Officially PUBLIC Country Liberation & Celebration, a couple months ago at the end of the year. Thus, NOW, they can justify in the World's Viewpoint, a substantial currency increase in value, in order to move the country fully into the physical healing, it requires. So, when the rate jumps overnight (suddenly, so to speak), Iraq can now justify it Publicly, in every way possible...and it won't look to the World, like another "Insider Money Scam", coming out of a country with a history full of Political Monetary Corruption - at least not as much. They now have a Factual, Documented, Publicly Justifiable reason, to do what they're about to do. Keep Watching & Listening to the U.S. over the next few days. [post 3 of 3]
2-15-2018 Intel Guru Dr. Clarke Yes in Kuwait, they collected a few funds (chump change)...finalized and signed a few deals...FINALIZED... But: It's the type of deal, where they can NOW say, after they raise the value, "Hey, we did everything else that we could do up to this point, including calling the world in to invest & contribute, so out of desperation, we finally had to do the ONLY thing left to do - Raise our currency value, for the good of Iraq & it's people." - something to that affect. HOW? They can NOW SHOW PUBLICLY, that they've done EVERYTHING POSSIBLE, to get the necessary funding to rebuild and re-establish their country monetarily, from all OUTSIDE sources - and have come up way Short, in terms of what they need. [post 2 of 3....stay tuned]
2-15-2018 Intel Guru Dr. Clarke Have you figured out WHY we basically said nothing was going to happen BEFORE or DURING the Kuwait Conference...We'll tell you NOW, because now you'll see it, the way we "SEE" it, since we're Now Today, on the other side of it..."The Kuwait Conference was set up a long time ago, just to be used primarily as a "Worldwide Public Advertising Tool", to give Iraq a "Publicly Justified Reason", on a worldwide scale, to FINALLY substantially increase the value of their currency, the Dinar... soon afterward...& JUSTIFY IT. [post 1 of 3....stay tuned]
2-15-2018 Newshound Guru Adam Montana I challenge ANYONE to argue that Iraq has not made an incredible amount of headway in the last 7-10 years. ISIS - ISIS who? Almost non-existent in the news these days. Iraq the "war zone"? Not anymore. Iraq used to be a primitive medieval dinosaur in the technology department, which is an extremely important part of their advancement into the world banking system. That's no longer an issue. Could their infrastructure be a little better? Of course, but it's infinitely improved compared to 10 years ago, and fully capable of interacting with all the major world exchanges. My list goes on... 1. I like the current situation. 2. Iraq is in a position to move, and soon. 3. That's the end of the list. HCL incoming! It's not going to happen tomorrow, but it's coming. I'm HODLing my IQD and also my faith. [post 2 of 2]
2-15-2018 Newshound Guru Adam Montana The Iraqi Dinar situation has been pretty interesting lately...in fact, the longer things stay "quiet", the more attention I'm paying to it. Think back a couple years. Do you remember when news was fast and furious, with developments happening on almost a daily basis? There was tons of talk about how "close" and "soon" we were to an RV. And to be extremely blunt about it - I don't disagree that we *could* have been on the brink of an RV at any of those moments. The release of every new URGENT article was indeed a signal that things were about to POP. Now, we're looking at weeks or months between "major" events, and some might see that as discouraging. I disagree. The big picture is very encouraging. The situation in Iraq is very much like many other things in history, where it took time to lay a solid foundation before a major change. [post 1 of 2....stay tuned]
2-15-2018 Newshound Guru Aggiedad77 "T'S" WERE CROSSED AND "I'S" DOTTED TO GET THIS CONFERENCE OFF THE GROUND...THE "SIDEBAR" MEETINGS...DON'T LOSE SIGHT OF THOSE...THEY WERE AND ALWAYS WILL BE OF GREAT IMPORTANCE...IMO AND THEY WILL MELD MONEY FROM GOD ONLY KNOWS WHERE TO GET IRAQ THROUGH THIS CRISIS IN REBUILDING...I'M FEELING CERTAIN OF THAT...PROOF?...WELL JUST WATCH FOR IT...AND WATCH CLOSE...DON'T BLINK...IMO. [post 2 of 2]
2-15-2018 Newshound Guru Breitling “...There’s supposedly 72 billion dinar out there.” Well if there’s 72 billion dinar you can’t revalue the dinar. You couldn’t even get it to a penny…There wasn’t 72 billion dinar out there. What it was is they didn’t know how to read the M0, M1, M2, M3 reports. Every country is different…the hidden note count was in the M1... So the other three reports that were attached to the country’s yearly report told you exactly what it was worth was everything added up. You take the real-estate, you take their assets, the currency is one little spot. And that’s what people are missing…That was the argument against the Iraqi dinar. And they were wrong from day 1. They got the math wrong one. And how they got the data to add up how much dinar was out there they simply got wrong.
2-15-2018 Newshound Guru Aggiedad77 WHAT LIES BELOW THE WATER...UNSEEN...IS OF SO MUCH LARGER PROPORTION...THERE WERE NUMEROUS "SIDEBAR" MEETINGS THAT HAPPENED AT THIS KUWAITI CONFERENCE ON BEHALF OF IRAQ AND THE IRAQI PEOPLE WHO HAVE BEEN IMPACTED IN ONE WAY OR ANOTHER BY THEIR WAR ON TERRORISM...YES YOU MAY HAVE THE OPINION THAT MANY FAILED TO RESPOND BECAUSE OF A CONCERN ABOUT CORRUPTION AND WHERE ANY DONATIONS OR LOANS WOULD ACTUALLY GO...WELL IMO...ABADI HAS THIS WELL UNDER CONTROL OR THERE WOULD HAVE BEEN NO KUWAITI CONFERENCE TO START WITH...THE KUWAITI'S WOULD NOT WANT EGG ON THEIR FACE IF THIS BLEW UP ON THEIR TURF... [post 1 of 2....stay tuned]
2-15-2018 Intel Guru RayRen98 NEW "UNCONFIRMED" RANGES FOR RATES: DINAR $4.00+/- AND DONG $1.49 +/- ...GETTING REPORTS OF IN-COUNTRY IRAQ RATES INCREASING TO $3.21 - $3.29 BOOM!!! - AWAITING CONFIRMATIONS OF SAID REPORTS...
2-15-2018 Intel Guru Dr. Clarke This is now Public, for the World to see. It is NOW Fact...since the official liberation of Mosul over 8 months ago, and Iraq's Officially PUBLIC Country Liberation & Celebration, a couple months ago at the end of the year. Thus, NOW, they can justify in the World's Viewpoint, a substantial currency increase in value, in order to move the country fully into the physical healing, it requires. So, when the rate jumps overnight (suddenly, so to speak), Iraq can now justify it Publicly, in every way possible...and it won't look to the World, like another "Insider Money Scam", coming out of a country with a history full of Political Monetary Corruption - at least not as much. They now have a Factual, Documented, Publicly Justifiable reason, to do what they're about to do. Keep Watching & Listening to the U.S. over the next few days. [post 3 of 3]
2-15-2018 Intel Guru Dr. Clarke Yes in Kuwait, they collected a few funds (chump change)...finalized and signed a few deals...FINALIZED... But: It's the type of deal, where they can NOW say, after they raise the value, "Hey, we did everything else that we could do up to this point, including calling the world in to invest & contribute, so out of desperation, we finally had to do the ONLY thing left to do - Raise our currency value, for the good of Iraq & it's people." - something to that affect. HOW? They can NOW SHOW PUBLICLY, that they've done EVERYTHING POSSIBLE, to get the necessary funding to rebuild and re-establish their country monetarily, from all OUTSIDE sources - and have come up way Short, in terms of what they need. [post 2 of 3....stay tuned]
2-15-2018 Intel Guru Dr. Clarke Have you figured out WHY we basically said nothing was going to happen BEFORE or DURING the Kuwait Conference...We'll tell you NOW, because now you'll see it, the way we "SEE" it, since we're Now Today, on the other side of it..."The Kuwait Conference was set up a long time ago, just to be used primarily as a "Worldwide Public Advertising Tool", to give Iraq a "Publicly Justified Reason", on a worldwide scale, to FINALLY substantially increase the value of their currency, the Dinar... soon afterward...& JUSTIFY IT. [post 1 of 3....stay tuned]
2-14-2018 Newshound Guru Kaperoni Article: "United Nations: Kuwait Conference stunning proof of the confidence in the government and the people of Iraq" Quote: "Iraq is on the right track and the international community has shown its confidence in Iraq, which is very important , a good news" A very good sign.
2-14-2018 Newshound/Intel Guru Mnt Goat Some believe they must first reconstruct the cities and allow businesses to come back in. I do not know the answer but if we THINK for a second, we can see that all they really need is to get to a point where they can guarantee that the launching of their new currency will not crash and they can maintain the rate. This is the extent they need. Personally, I believe that if they pulled the trigger today they would be just fine. I am saying this because their overall economy is now much better than prior to 1991 invasion. So could they technically trigger and survive? Yes, I believe they could. [post 3 of 3]
2-14-2018 Newshound/Intel Guru Mnt Goat Iraq has had many investment seminars over these 11 years since I have been in this investment. Why is this one so important? It is important due many reasons: 1) PM Abadi at the helm (political stability) 2) Honest intent to move forward (banking and financial reforms in place) 3) Investment laws in place allowing investors to come in The investment law and its amendments are yet more pieces to the puzzle and were the banking reforms. So you can see each step they make brings them yet closer and closer to an economy that can grow. But when will the economy take off?... [post 2 of 3....stay tuned]
2-14-2018 Newshound/Intel Guru Mnt Goat Today is the third day of the Donor Conference. So the RV did not happen by Sunday, as expected. The conference has started on Feb 12 and will run until Feb 14th. What next? I can see we can expect more of the same investment strategy for Iraq. The news now is all about investing in Iraq and part of that investment is the rebuilding of Iraq and moving it to a “market economy” driven by the private sector. We must think of the Donor Conference in Iraq as a piece to the puzzle for accomplishing these goals. [post 1 of 3....stay tuned]
2-14-2018 Intel Guru Bruce ...Kuwait TV...stated...all the investment opportunities (212) for...that...Rebuilding Iraq...conference...will be essentially backed by the World Bank. The reason that appears the case is because at the time of the start of the conference as far as we know, we hear the Iraqi dinar rate had not been made internationally known. Iraq who was given permission a few weeks ago to release that rate has not done it yet. We thought it would be done before the conference started. ...sources...stated that the budget would be put in the Gazette tomorrow [Wednesday]...which would include the rate for the dinar. We were getting contacts in the US Treasury talking about this going...We know it is in the hands of the banks now because it has been released by the Treasury to do it. I am encouraged because we are finally at the end of the ride. ...All the indicators are very positive...
2-14-2018 Newshound Guru Aggiedad77 Article: "The House of Representatives concludes reading and discussing the Federal Budget Bill of 2018 In policy February 13, 2018" WELL LET US SEE WHAT THURSDAY WILL BRING FOR PARLIAMENT...THINK ABOUT IT...THE DAY AFTER THE KW CONFERENCE...SO WILL THIS BUDGET HAVE AN IMPACT ON WHAT WAS DONE AT THE CONFERENCE...IFO...NO... IMO... NO... BUT WE KNOW/SUSPECT HIGHLY WHAT THE FINAL OUTCOME OF THE BUDGET WILL BE...LOADED WITH STARS...PRIMING IRAQ FOR A FRESH NEW START...A START THAT DOES NOT INCLUDE AN ACTIVE WAR AGAINST TERRORISM, BUT INSTEAD A FOCUS TOWARDS THE REBIRTH OF THEIR ECONOMY, THEIR COUNTRY AS A NATION TO BE RECKONED WITH BY THE WORLD...MAYBE THE LION WILL ROAR IN KUWAIT TOMORROW [WEDNESDAY]...IMO IT WAS CERTAINLY AWAKENED THERE TODAY WITH THE GOINGS-ON THAT WE'VE SEEN...OPTIMISTICALLY EXCITED...THAT BE ME...IMO...3...2...1...
2-14-2018 Newshound/Intel Guru Mnt Goat Some believe they must first reconstruct the cities and allow businesses to come back in. I do not know the answer but if we THINK for a second, we can see that all they really need is to get to a point where they can guarantee that the launching of their new currency will not crash and they can maintain the rate. This is the extent they need. Personally, I believe that if they pulled the trigger today they would be just fine. I am saying this because their overall economy is now much better than prior to 1991 invasion. So could they technically trigger and survive? Yes, I believe they could. [post 3 of 3]
2-14-2018 Newshound/Intel Guru Mnt Goat Iraq has had many investment seminars over these 11 years since I have been in this investment. Why is this one so important? It is important due many reasons: 1) PM Abadi at the helm (political stability) 2) Honest intent to move forward (banking and financial reforms in place) 3) Investment laws in place allowing investors to come in The investment law and its amendments are yet more pieces to the puzzle and were the banking reforms. So you can see each step they make brings them yet closer and closer to an economy that can grow. But when will the economy take off?... [post 2 of 3....stay tuned]
2-14-2018 Newshound/Intel Guru Mnt Goat Today is the third day of the Donor Conference. So the RV did not happen by Sunday, as expected. The conference has started on Feb 12 and will run until Feb 14th. What next? I can see we can expect more of the same investment strategy for Iraq. The news now is all about investing in Iraq and part of that investment is the rebuilding of Iraq and moving it to a “market economy” driven by the private sector. We must think of the Donor Conference in Iraq as a piece to the puzzle for accomplishing these goals. [post 1 of 3....stay tuned]
2-14-2018 Intel Guru Bruce ...Kuwait TV...stated...all the investment opportunities (212) for...that...Rebuilding Iraq...conference...will be essentially backed by the World Bank. The reason that appears the case is because at the time of the start of the conference as far as we know, we hear the Iraqi dinar rate had not been made internationally known. Iraq who was given permission a few weeks ago to release that rate has not done it yet. We thought it would be done before the conference started. ...sources...stated that the budget would be put in the Gazette tomorrow [Wednesday]...which would include the rate for the dinar. We were getting contacts in the US Treasury talking about this going...We know it is in the hands of the banks now because it has been released by the Treasury to do it. I am encouraged because we are finally at the end of the ride. ...All the indicators are very positive...
2-14-2018 Newshound Guru Aggiedad77 Article: "The House of Representatives concludes reading and discussing the Federal Budget Bill of 2018 In policy February 13, 2018" WELL LET US SEE WHAT THURSDAY WILL BRING FOR PARLIAMENT...THINK ABOUT IT...THE DAY AFTER THE KW CONFERENCE...SO WILL THIS BUDGET HAVE AN IMPACT ON WHAT WAS DONE AT THE CONFERENCE...IFO...NO... IMO... NO... BUT WE KNOW/SUSPECT HIGHLY WHAT THE FINAL OUTCOME OF THE BUDGET WILL BE...LOADED WITH STARS...PRIMING IRAQ FOR A FRESH NEW START...A START THAT DOES NOT INCLUDE AN ACTIVE WAR AGAINST TERRORISM, BUT INSTEAD A FOCUS TOWARDS THE REBIRTH OF THEIR ECONOMY, THEIR COUNTRY AS A NATION TO BE RECKONED WITH BY THE WORLD...MAYBE THE LION WILL ROAR IN KUWAIT TOMORROW [WEDNESDAY]...IMO IT WAS CERTAINLY AWAKENED THERE TODAY WITH THE GOINGS-ON THAT WE'VE SEEN...OPTIMISTICALLY EXCITED...THAT BE ME...IMO...3...2...1...
2-13-2018 Intel Guru Delta FROM KUWAIT TV: CLOSE DOOR MEETING...IN FULL FORCE WORLD BANK BACKING UP IRAQ...GUARANTEEING ALL INVESTORS...212 INVESTMENT PROJECT...IRAQ IS BACK TO INTERNATIONAL STATUS...(wink)
2-13-2018 Newshound Guru mike Article: "Corruption, bureaucracy and armed practices threaten 157 Iraqi projects at the donor conference" Parliament just passed a law protecting those in government from prosecution for corruption, their timing couldn't have been worse. I realize the west doesn't want to leave Iraq vulnerable to Iran's influence, but at this point, Iraq is in Iran's back pocket, losing them to Iran has already happened. These folks can't even agree on a 2018 budget, how can they expect the world to donate billions when they can't even balance their own checkbook? The world has stood up and done everything it can to help this country... These guys have got to put on their big boy pants and act like they care about the country and its citizens, if they don't, the world won't. IMO.
2-13-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE BUDGET WILL CONTINUE AFTER THE COMPLETION OF THE SECOND READING IN PARLIAMENT, WHICH WAS SUPPOSED TO BE READ IN YESTERDAY’S SESSION, BUT BECAUSE OF THE ABSENCE OF A LEGAL QUORUM WAS NOT PUT ON THE AGENDA OF THE MEETING” ...I want to emphasize that no budget - no RV. Just saying is there a connection?
2-13-2018 Newshound Guru mike Article: "Corruption, bureaucracy and armed practices threaten 157 Iraqi projects at the donor conference" Parliament just passed a law protecting those in government from prosecution for corruption, their timing couldn't have been worse. I realize the west doesn't want to leave Iraq vulnerable to Iran's influence, but at this point, Iraq is in Iran's back pocket, losing them to Iran has already happened. These folks can't even agree on a 2018 budget, how can they expect the world to donate billions when they can't even balance their own checkbook? The world has stood up and done everything it can to help this country... These guys have got to put on their big boy pants and act like they care about the country and its citizens, if they don't, the world won't. IMO.
2-13-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE BUDGET WILL CONTINUE AFTER THE COMPLETION OF THE SECOND READING IN PARLIAMENT, WHICH WAS SUPPOSED TO BE READ IN YESTERDAY’S SESSION, BUT BECAUSE OF THE ABSENCE OF A LEGAL QUORUM WAS NOT PUT ON THE AGENDA OF THE MEETING” ...I want to emphasize that no budget - no RV. Just saying is there a connection?
2-12-2018 Newshound/Intel Guru Mnt Goat Appears that a company...will sell you gold and silver and allow you to pay for it in dinar (much below market prices given). Really? To me this is WOW news and confirms to us all that the dinar is very valuable and is in demand or will be shortly in very high demand...
2-12-2018 Intel Guru Dr. Clarke ...We ARE telling you WHAT & WHEN - IS about to Happen... AND, we fully expect that NOBODY GETS OUT OF FEBRUARY, 2018, Without the Prize!...if they choose. ...we're fully engaged, focused, and pinpointing the activities between, FEB. 15 - 19th, 2018, as MAJOR...and the "Process" will spread throughout the END of February...and into March, with increasing benefit. We're very Optimistic & Expectant...& Direct. DID WE GIVE YOU AN RV DATE?...that's for you to decide, and it always has been. (RV is a questionable definition, and not ours) The Steps must happen in order...EVERYTHING WILL CHANGE, FROM WHAT'S IT'S BEEN FOR SOOOOO LONG!...in February. Are you watching the U.S - What is Said & Done...already? Pay Attention!
2-12-2018 Newshound/Intel Guru BGG Article: "Speaker Jabouri calls 2018 Iraqi budget bill ‘unconstitutional,’ rejects to pass it" Quote: "...Salim al-Jabouri said the parliament will not approve cutting the salaries of civil servants." IMHO, this has very little to do with the actual budget they are trying to get passed and much more about political alliances being developed for the upcoming elections. Seriously?!? Jabouri cares at all about the KRG share?? No. I think not. All part of the process – it will happen.
2-12-2018 Intel Guru Delta Article: "Businessmen seek guarantees and bureaucracy to invest in Iraq" Quote: “The existence of no restrictions (ARTILCE 8) on foreign currency transfers, in addition to linking the Iraqi dinar (1-1) to the US dollar." (wink) ...MY DIFINITION IS IN ( ). I'M DROPING ALL MICS...
2-12-2018 Intel Guru Frank26 ...THE MR ( monetary reform) IS...MAGMA CORE HOT.
2-12-2018 Intel/Newshound Guru sandyf I get the impression that many perceive currency coding as nothing more than window dressing, nothing could be further from the truth. Currency codes are the backbone of all financial systems. Every computerized accounting software operates on a base currency and once set that currency code cannot be altered. When a country needs to introduce a new currency, the code must first be issued by the ISO, accounting software needs to be amended and a new set of accounts created in the new currency. This is why I often remind people that a redenomination cannot happen overnight nor in secret. One thing you can be sure of is that Iraq, or any other country is not going to be introducing a new currency anytime soon. It should be noted that the introduction of alternative denominations is an addition to an existing currency and not a new currency.
2-12-2018 Intel Guru RayRen98 [...are We Really There this time?] WE'RE "SUPPOSED" TO BE!...TREASURY SAYS THIS IS "IT" THIS TIME... ...CAN'T GET CONFIRMATIONS JUST YET... WE'RE NOT WAITING ON IRAQ ANYMORE... [I thought its the budget thingy...] SMOKE SCREEN STUFF...
[ I am so glad this is soon to become a memory...] THAT MAY BE SOONER THAN YOU THINK!!! ...WE'RE JUST WAITING... TIME WILL TELL IT ALL...
2-12-2018 Newshound Guru Aggiedad77 He [Abadi] is an integrally smart man who is also learning new chess moves IMO from a MASTER...T...and he is about to put Iraq on the roadmap of the world in so many ways...the term "MECCA" won't even be able to fit in Iraq when he is done IMO...expansion like we've never seen before IMO...it is all good...and it is all coming...IMO in a way that you would least expect it to...there are major pieces in this this game that dance to their own rules and are not used to being told no or used to delays...I look for no more delays, no more excuses..."the time is now"...
2-12-2018 Intel Guru Dr. Clarke ...We ARE telling you WHAT & WHEN - IS about to Happen... AND, we fully expect that NOBODY GETS OUT OF FEBRUARY, 2018, Without the Prize!...if they choose. ...we're fully engaged, focused, and pinpointing the activities between, FEB. 15 - 19th, 2018, as MAJOR...and the "Process" will spread throughout the END of February...and into March, with increasing benefit. We're very Optimistic & Expectant...& Direct. DID WE GIVE YOU AN RV DATE?...that's for you to decide, and it always has been. (RV is a questionable definition, and not ours) The Steps must happen in order...EVERYTHING WILL CHANGE, FROM WHAT'S IT'S BEEN FOR SOOOOO LONG!...in February. Are you watching the U.S - What is Said & Done...already? Pay Attention!
2-12-2018 Newshound/Intel Guru BGG Article: "Speaker Jabouri calls 2018 Iraqi budget bill ‘unconstitutional,’ rejects to pass it" Quote: "...Salim al-Jabouri said the parliament will not approve cutting the salaries of civil servants." IMHO, this has very little to do with the actual budget they are trying to get passed and much more about political alliances being developed for the upcoming elections. Seriously?!? Jabouri cares at all about the KRG share?? No. I think not. All part of the process – it will happen.
2-12-2018 Intel Guru Delta Article: "Businessmen seek guarantees and bureaucracy to invest in Iraq" Quote: “The existence of no restrictions (ARTILCE 8) on foreign currency transfers, in addition to linking the Iraqi dinar (1-1) to the US dollar." (wink) ...MY DIFINITION IS IN ( ). I'M DROPING ALL MICS...
2-12-2018 Intel Guru Frank26 ...THE MR ( monetary reform) IS...MAGMA CORE HOT.
2-12-2018 Intel/Newshound Guru sandyf I get the impression that many perceive currency coding as nothing more than window dressing, nothing could be further from the truth. Currency codes are the backbone of all financial systems. Every computerized accounting software operates on a base currency and once set that currency code cannot be altered. When a country needs to introduce a new currency, the code must first be issued by the ISO, accounting software needs to be amended and a new set of accounts created in the new currency. This is why I often remind people that a redenomination cannot happen overnight nor in secret. One thing you can be sure of is that Iraq, or any other country is not going to be introducing a new currency anytime soon. It should be noted that the introduction of alternative denominations is an addition to an existing currency and not a new currency.
2-12-2018 Intel Guru RayRen98 [...are We Really There this time?] WE'RE "SUPPOSED" TO BE!...TREASURY SAYS THIS IS "IT" THIS TIME... ...CAN'T GET CONFIRMATIONS JUST YET... WE'RE NOT WAITING ON IRAQ ANYMORE... [I thought its the budget thingy...] SMOKE SCREEN STUFF...
[ I am so glad this is soon to become a memory...] THAT MAY BE SOONER THAN YOU THINK!!! ...WE'RE JUST WAITING... TIME WILL TELL IT ALL...
2-12-2018 Newshound Guru Aggiedad77 He [Abadi] is an integrally smart man who is also learning new chess moves IMO from a MASTER...T...and he is about to put Iraq on the roadmap of the world in so many ways...the term "MECCA" won't even be able to fit in Iraq when he is done IMO...expansion like we've never seen before IMO...it is all good...and it is all coming...IMO in a way that you would least expect it to...there are major pieces in this this game that dance to their own rules and are not used to being told no or used to delays...I look for no more delays, no more excuses..."the time is now"...
2-11-2018 Newshound Guru Kaperoni Article: "Al-Nasiri: Central Bank aims to build a solid banking sector in 2018" Quote: "In addition to its results and the extent of its commitment to implement the monetary policy directions of the Central Bank and reflect on its actual contribution to GDP and its contribution to sustainable development and its transition from the role of banking to the developmental role." This is a very clear statement for those looking for an overnight RV, it ain't happening. This means they are sticking with sound monetary policies that will improve the value of the dinar as the GDP improves. In other words, as investment comes into Iraq, the dinar will rise in value. Which from everything else we have read, appears to be some kind of float.
2-11-2018 Newshound/Intel Guru Mnt Goat I am positive there is some plan to do something and use some of this to pay off debt if nothing else in part to use it for the deficit negotiations... Can they balance the deficit? Trump will look like a hero if they can and do it without closing down the govt again. As the US is not doing all this work in Iraq to just fight terrorism. I do not know all the details nor will I pretend to know. We shall all find out after the fact. This is all information that, if you tie it all together, points to the near completion of the project to delete the zeros and eventual revaluation of the Iraqi dinar. This what we are looking for. This is our TARGET! [post 2 of 2]
2-11-2018 Newshound/Intel Guru Mnt Goat So the BIG question is this – is there a new plan to stock the US Reserves with Iraqi dinar and use it to pay off the National Debt after its revaluation? Well one thing we do know for sure is the Iraqi dinar will have a very substantial revaluation unlike the initial re-instatement of the Kuwaiti dinar. We know this from knowing about the process to “delete the zeros”. In fact the Kuwaiti dinar never really did revalue, it only rose in rate (not value) due to the float on FOREX and pure speculation. It then came back to reality... [post 1 of 2....stay tuned]
2-11-2018 Intel Guru Jester ...WE HAVE A FEW THINGS LOOKING UP... GUYS IN IRAQ FINALLY POPPED BACK UP ON THE RADAR...TOLD BY CONTACT "STORE OWNERS BEING TOLD THAT A PRICE CHANGE IN THE COMING DAYS"... EXACT WORDS... AND THE SPOOKS SENT ME A MESSAGE EARLIER IN THE WEEK SAYING THEIR BOYS TELLING THEM THINGS ARE GETTING CLOSE...AND UST CONTACT SAYING FEELING IS THINGS ARE CLOSER... TALKED TO [GURU] MARKZ... HE THINKS WE ARE THERE... SO DOES [GURU] REDWOLF... SO WE WILL SEE... I STILL DON'T THINK THIS IS GOING TO BE A 800 NUMBER BS SHOUT OUT... IT IS GOING TO TAKE SOME TIME TO WORK THINGS THROUGH THE SYSTEM... BUT I DO THINK WE ARE CLOSER... BUT I AM STILL NOT CALLING SOMETHING I DO NOT KNOW FOR SURE...
2-11-2018 Intel Guru Frank26 Article: "Al-Nasiri: Central Bank aims to build a solid banking sector in 2018" Quotes: "Central Bank's adoption of standards and controls conforms to the requirements of international standards and the basic and subsidiary objectives of its strategy until 2020 and to activate and consolidate new visions of monetary policy applications,,,"; "...the Central Bank has introduced new policies and visions and mechanisms of smooth implementation, but it is monitored and followed up on a daily and accurate basis inside and outside Iraq in order to achieve the above economic goals and strengthen international banking relations with the international banks in order to serve our national economy and the banking sector." YOU NEED TO READ THIS WITH THE HEART OF A STUDENT OF YOUR INVESTMENT...THIS IS THE MAIN SOURCE...DO NOT WALK BY THIS...''ARTICLE".
2-11-2018 Intel/Newshound Guru sandyf There seems to be some confusion between the availability of IQD at banks and forex, the two are not directly related. There are many levels of forex and all Art 14 currencies can be traded without being available at banks. International banks will normally only deal in Art 8 currencies but may do so at their own risk. It is Art 8 that guarantees redemption by the central bank. Around here there are a few local Art 14 currencies and they are all available at banks because the foreign nationals are present in the country.
2-11-2018 Newshound/Intel Guru Mnt Goat I am positive there is some plan to do something and use some of this to pay off debt if nothing else in part to use it for the deficit negotiations... Can they balance the deficit? Trump will look like a hero if they can and do it without closing down the govt again. As the US is not doing all this work in Iraq to just fight terrorism. I do not know all the details nor will I pretend to know. We shall all find out after the fact. This is all information that, if you tie it all together, points to the near completion of the project to delete the zeros and eventual revaluation of the Iraqi dinar. This what we are looking for. This is our TARGET! [post 2 of 2]
2-11-2018 Newshound/Intel Guru Mnt Goat So the BIG question is this – is there a new plan to stock the US Reserves with Iraqi dinar and use it to pay off the National Debt after its revaluation? Well one thing we do know for sure is the Iraqi dinar will have a very substantial revaluation unlike the initial re-instatement of the Kuwaiti dinar. We know this from knowing about the process to “delete the zeros”. In fact the Kuwaiti dinar never really did revalue, it only rose in rate (not value) due to the float on FOREX and pure speculation. It then came back to reality... [post 1 of 2....stay tuned]
2-11-2018 Intel Guru Jester ...WE HAVE A FEW THINGS LOOKING UP... GUYS IN IRAQ FINALLY POPPED BACK UP ON THE RADAR...TOLD BY CONTACT "STORE OWNERS BEING TOLD THAT A PRICE CHANGE IN THE COMING DAYS"... EXACT WORDS... AND THE SPOOKS SENT ME A MESSAGE EARLIER IN THE WEEK SAYING THEIR BOYS TELLING THEM THINGS ARE GETTING CLOSE...AND UST CONTACT SAYING FEELING IS THINGS ARE CLOSER... TALKED TO [GURU] MARKZ... HE THINKS WE ARE THERE... SO DOES [GURU] REDWOLF... SO WE WILL SEE... I STILL DON'T THINK THIS IS GOING TO BE A 800 NUMBER BS SHOUT OUT... IT IS GOING TO TAKE SOME TIME TO WORK THINGS THROUGH THE SYSTEM... BUT I DO THINK WE ARE CLOSER... BUT I AM STILL NOT CALLING SOMETHING I DO NOT KNOW FOR SURE...
2-11-2018 Intel Guru Frank26 Article: "Al-Nasiri: Central Bank aims to build a solid banking sector in 2018" Quotes: "Central Bank's adoption of standards and controls conforms to the requirements of international standards and the basic and subsidiary objectives of its strategy until 2020 and to activate and consolidate new visions of monetary policy applications,,,"; "...the Central Bank has introduced new policies and visions and mechanisms of smooth implementation, but it is monitored and followed up on a daily and accurate basis inside and outside Iraq in order to achieve the above economic goals and strengthen international banking relations with the international banks in order to serve our national economy and the banking sector." YOU NEED TO READ THIS WITH THE HEART OF A STUDENT OF YOUR INVESTMENT...THIS IS THE MAIN SOURCE...DO NOT WALK BY THIS...''ARTICLE".
2-11-2018 Intel/Newshound Guru sandyf There seems to be some confusion between the availability of IQD at banks and forex, the two are not directly related. There are many levels of forex and all Art 14 currencies can be traded without being available at banks. International banks will normally only deal in Art 8 currencies but may do so at their own risk. It is Art 8 that guarantees redemption by the central bank. Around here there are a few local Art 14 currencies and they are all available at banks because the foreign nationals are present in the country.
2-10-2018 Intel Guru Frank26 IMO ON MONDAY IN KW...THE LL (long line) DOES NOT SEEK A BUDGET FROM A...BUT MORE SO AN EXPLANATION OF...IRAQ'S CURRENCY! [Of course they aren't going to talk about their budget, who cares about that! I would want to know about the laws that are going to protect me, how I am going to exchange my currency while doing business, the banking laws that will protect my company & my contracts, the transfers, payments, insurances ... the who, what, why and how about everything IQD.] YES...YOU ARE NOW...GETTING THE TRUE PICTURE OF...THE KW CONF!!!
2-10-2018 Newshound/Intel Guru Mnt Goat So are they targeting to have the FOREX rates out before this Kuwaiti Donor Conference? I am being told they had targeted for this weeks ago and so this is why they are rushing the budget now before parliament. The conference runs from Feb 12th thru Feb 14th. If you look at the recent news and look at the date there is no way they are going to have this budget passed before the Donor Conference. So I do not believe this will have any impact on getting the RV any sooner...it is looking like maybe by the end of next week, at the earliest. [post 2 of 2]
2-10-2018 Newshound/Intel Guru Mnt Goat Okay so where are we now in the investment? ...I did dig deeper and found that the rollout is being stalled due to two items: First issue are the mandates to pay the salaries, retirees and pensions and to be all caught up in reoccurring debt. Second is budgetary issues. They need to resolve these issues including the Article 140 issues with Kurdistan. We know that the KRG is the main reason why the budget is not being passed. So they already had a reading of the budget. The Iraqi Euphrates reports that the legal committee confirmed that parliament will complete the second reading of the budget during the meeting on Sunday, while pointing out that the proposed vote will be after four days. [post 1 of 2....stay tuned]
2-10-2018 Intel Guru Frank26 IN TEAM CHAT...I GAVE ...3 POWERFUL THINGS TO CONSIDER...THEN ONE FINAL ONE. FOR THE REST OF KONA... [...Can you give us a hint...please!] ...IMO...IT'S NOT THAT THEY THINK NOR CONSIDER THE RI....IT IS THAT THEY DO IT. OUR TEAMS HAVE NOTICED A NEW PATTERN WITH AMERICAN BANKS: MANY OF THE "FOUR" ARE SENDING THEIR CUSTOMERS NEW PROCEDURES ON FOREIGN CURRENCY TRANSFERS...VIA WIRING OR JUST ABOUT THEIR ACCOUNTS. IF THIS WAS JUST ON ''CURRENCIES'' ...THEN THAT WOULD BE NORMAL...BUT...THEY TARGET "FOREIGN CURRENCIES"! ALSO...BANK ANNOUNCEMENTS ARE NORMALLY DONE AT THE START OF A YEAR...NOT IN THE MIDDLE OF FEBRUARY IMO. ...NEW ATTITUDE.
2-10-2018 Intel Guru RayRen98 Iraq Happenin's: Salaries were paid this week at a "different, newer rate" but details were not shared. The Saturday/Sunday approval of the Budget may...or may not...be an issue anyway. Time Will Tell!
2-10-2018 Intel Guru Bruce Now who is the country who hasn’t already said they would support Iraq in this rebuilding Iraq conference hosted by Kuwait? What country is holding back? Yes you guess it, America. ... We are going, and we will be there, but we are waiting for Iraq to make that rate known. What about the Qi cards? ...People we know who have Qi cards still don’t have access to some of the money represented on their cards in those accounts. When that rate of the Iraqi dinar is put out and known internationally, that is when those cards will show the rate and the funds will be accessible on those cards to the people who have them. We are hearing from the banks those funds should be available...some time Saturday night Eastern time... By that time we should have everything established...The Iraqi dinar should be established, and maybe the US will even make some sort of comment about going to that Rebuild Iraq conference in Kuwait.
2-10-2018 Newshound/Intel Guru Mnt Goat So are they targeting to have the FOREX rates out before this Kuwaiti Donor Conference? I am being told they had targeted for this weeks ago and so this is why they are rushing the budget now before parliament. The conference runs from Feb 12th thru Feb 14th. If you look at the recent news and look at the date there is no way they are going to have this budget passed before the Donor Conference. So I do not believe this will have any impact on getting the RV any sooner...it is looking like maybe by the end of next week, at the earliest. [post 2 of 2]
2-10-2018 Newshound/Intel Guru Mnt Goat Okay so where are we now in the investment? ...I did dig deeper and found that the rollout is being stalled due to two items: First issue are the mandates to pay the salaries, retirees and pensions and to be all caught up in reoccurring debt. Second is budgetary issues. They need to resolve these issues including the Article 140 issues with Kurdistan. We know that the KRG is the main reason why the budget is not being passed. So they already had a reading of the budget. The Iraqi Euphrates reports that the legal committee confirmed that parliament will complete the second reading of the budget during the meeting on Sunday, while pointing out that the proposed vote will be after four days. [post 1 of 2....stay tuned]
2-10-2018 Intel Guru Frank26 IN TEAM CHAT...I GAVE ...3 POWERFUL THINGS TO CONSIDER...THEN ONE FINAL ONE. FOR THE REST OF KONA... [...Can you give us a hint...please!] ...IMO...IT'S NOT THAT THEY THINK NOR CONSIDER THE RI....IT IS THAT THEY DO IT. OUR TEAMS HAVE NOTICED A NEW PATTERN WITH AMERICAN BANKS: MANY OF THE "FOUR" ARE SENDING THEIR CUSTOMERS NEW PROCEDURES ON FOREIGN CURRENCY TRANSFERS...VIA WIRING OR JUST ABOUT THEIR ACCOUNTS. IF THIS WAS JUST ON ''CURRENCIES'' ...THEN THAT WOULD BE NORMAL...BUT...THEY TARGET "FOREIGN CURRENCIES"! ALSO...BANK ANNOUNCEMENTS ARE NORMALLY DONE AT THE START OF A YEAR...NOT IN THE MIDDLE OF FEBRUARY IMO. ...NEW ATTITUDE.
2-10-2018 Intel Guru RayRen98 Iraq Happenin's: Salaries were paid this week at a "different, newer rate" but details were not shared. The Saturday/Sunday approval of the Budget may...or may not...be an issue anyway. Time Will Tell!
2-10-2018 Intel Guru Bruce Now who is the country who hasn’t already said they would support Iraq in this rebuilding Iraq conference hosted by Kuwait? What country is holding back? Yes you guess it, America. ... We are going, and we will be there, but we are waiting for Iraq to make that rate known. What about the Qi cards? ...People we know who have Qi cards still don’t have access to some of the money represented on their cards in those accounts. When that rate of the Iraqi dinar is put out and known internationally, that is when those cards will show the rate and the funds will be accessible on those cards to the people who have them. We are hearing from the banks those funds should be available...some time Saturday night Eastern time... By that time we should have everything established...The Iraqi dinar should be established, and maybe the US will even make some sort of comment about going to that Rebuild Iraq conference in Kuwait.
2-9-2018 Newshound Guru mike Article quote: "the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar." Supply is keeping up with demand which is lowering the spread on the street. The problem is, if they maintain that rate, it's $800 million out the door in a month.
2-9-2018 Newshound Guru chattels Article quote: "The Central Bank of Iraq concluded the auction of selling the currency for this week by selling more than 200 million dollars." It has been a long time since the auction exceeded 200 million dollars in sales as I recall.
2-9-2018 Intel Guru RayRen98 So where are we now? The biggest topic of discussion is the Iraqi Budget. We don't know if the budget has been passed and still to be put in the Gazette or needs to be passed...We will learn that. ...We have heard that dealers are no longer selling dinar, or have limited quantities; that is also a good sign of what is to come. IMF sent a memo to the CBI to return the rate back to pre-Saddam era and adjust for inflation. Our understanding that memo said immediately, not a week from now, a month from now, a year from now... ...The IMF has told the CBI what to do and we’re waiting for them to do it.
2-9-2018 Newshound Guru sandyf ...In the Saddam heyday there were approximately 20 billion IQD in circulation but when the CPA introduced the new IQD in 2003 it took 6.5 trillion of the new currency to replace the old currency. Is it any wonder the value had gone down, this "program rate" is nothing more than a dinarland myth. You only have to look at how much Kuwait dinar there is in circulation compared to Iraq to see why there is a difference in value.
2-9-2018 Intel Guru Frank26 IMO...MANY THINGS HAVE BEEN PROTECTED BEHIND IRAQ'S DOORS...FOR A PURPOSE...BUT IMO THE PURPOSE NOW...IS TO OPEN IT. "IT"...ENCOMPASSES MANY STEPS OF THE RI...DIRECTLY OR INDIRECTLY. THAT IRAQ AND THE THREE (AIDS) HEADED MONSTERS HAVE AGREED ON. SOME OF YOU WANT A VOTE...FINE. BUT I DO NOT ...I ONLY WANT THEM TO...OPEN IT ...NOW!!! DOORS ARE SOON TO CLOSE ON THE DINAR STUDY. BECAUSE SOON IRAQ WILL...OPEN IT. IN DOING SO ...THE GUTS OF THE BUDGET ARE EXPOSED ...A 1 TO 1 OF A WELL THOUGHT OUT AND EXECUTED PLAN. TILLERSON TELLS IRAQ...OPEN BUDGET...OR NO FUNDS FROM US NOR IMO ...THE LL [LONG LINE]. BECAUSE SOON IRAQ WILL...OPEN IT. PRESSURE FROM ALL OVER THIS PLANET WANTS YOU TO...OPEN IT!!!
2-9-2018 Intel Guru Delta Financial Situation Tables CBI:
CURRENCY ISSUANCE EXPENSES...$15,338,305...FOR DEC 2017
22% INCREASE FROM NOV. LD SHOW ME YOUR FACE!!! (wink)
2-9-2018 Intel Guru Bruce We got further confirmation that they passed their budget and voted thru and should be read into the Gazette on Saturday. Iraq has been rebuilding Iraq. They will have a Rebuild Iraq conference starting Monday hosted by Kuwait. We got thousands, about 1500 companies, to go over that conference coming to Kuwait with many countries represented starting Monday. What does Iraq need to do before this conference on Monday? They need to have their international recognized currency, their dinar, with the new international rate out. Visible and known. My inclination is since it has not occurred yet, it will occur sometime by or before Saturday or Saturday night our time...they are ready to be an international superpower.
2-9-2018 Newshound Guru Adam Montana [...it's been over 10 years plus dealing with Iraq Dinar and still we are NO closer to when Iraq will RV their currency. With that said: 1. ...Iraq and CBI is making tons of money from auctions and loans from other countries and IMF. Why should they RV if they don't have to... 2. Are we wasting our time in this investment?...] I completely disagree. You say we are "NO closer"??!! I'm not sure what you are basing that on, but I completely disagree. 1. Yes. Regarding their business model with the auctions, they will continue to make money on them after a revaluation of the currency. I see no reason to be pessimistic about it. 2. I don't think we are wasting our time at all...
2-9-2018 Newshound Guru chattels Article quote: "The Central Bank of Iraq concluded the auction of selling the currency for this week by selling more than 200 million dollars." It has been a long time since the auction exceeded 200 million dollars in sales as I recall.
2-9-2018 Intel Guru RayRen98 So where are we now? The biggest topic of discussion is the Iraqi Budget. We don't know if the budget has been passed and still to be put in the Gazette or needs to be passed...We will learn that. ...We have heard that dealers are no longer selling dinar, or have limited quantities; that is also a good sign of what is to come. IMF sent a memo to the CBI to return the rate back to pre-Saddam era and adjust for inflation. Our understanding that memo said immediately, not a week from now, a month from now, a year from now... ...The IMF has told the CBI what to do and we’re waiting for them to do it.
2-9-2018 Newshound Guru sandyf ...In the Saddam heyday there were approximately 20 billion IQD in circulation but when the CPA introduced the new IQD in 2003 it took 6.5 trillion of the new currency to replace the old currency. Is it any wonder the value had gone down, this "program rate" is nothing more than a dinarland myth. You only have to look at how much Kuwait dinar there is in circulation compared to Iraq to see why there is a difference in value.
2-9-2018 Intel Guru Frank26 IMO...MANY THINGS HAVE BEEN PROTECTED BEHIND IRAQ'S DOORS...FOR A PURPOSE...BUT IMO THE PURPOSE NOW...IS TO OPEN IT. "IT"...ENCOMPASSES MANY STEPS OF THE RI...DIRECTLY OR INDIRECTLY. THAT IRAQ AND THE THREE (AIDS) HEADED MONSTERS HAVE AGREED ON. SOME OF YOU WANT A VOTE...FINE. BUT I DO NOT ...I ONLY WANT THEM TO...OPEN IT ...NOW!!! DOORS ARE SOON TO CLOSE ON THE DINAR STUDY. BECAUSE SOON IRAQ WILL...OPEN IT. IN DOING SO ...THE GUTS OF THE BUDGET ARE EXPOSED ...A 1 TO 1 OF A WELL THOUGHT OUT AND EXECUTED PLAN. TILLERSON TELLS IRAQ...OPEN BUDGET...OR NO FUNDS FROM US NOR IMO ...THE LL [LONG LINE]. BECAUSE SOON IRAQ WILL...OPEN IT. PRESSURE FROM ALL OVER THIS PLANET WANTS YOU TO...OPEN IT!!!
2-9-2018 Intel Guru Delta Financial Situation Tables CBI:
CURRENCY ISSUANCE EXPENSES...$15,338,305...FOR DEC 2017
22% INCREASE FROM NOV. LD SHOW ME YOUR FACE!!! (wink)
2-9-2018 Intel Guru Bruce We got further confirmation that they passed their budget and voted thru and should be read into the Gazette on Saturday. Iraq has been rebuilding Iraq. They will have a Rebuild Iraq conference starting Monday hosted by Kuwait. We got thousands, about 1500 companies, to go over that conference coming to Kuwait with many countries represented starting Monday. What does Iraq need to do before this conference on Monday? They need to have their international recognized currency, their dinar, with the new international rate out. Visible and known. My inclination is since it has not occurred yet, it will occur sometime by or before Saturday or Saturday night our time...they are ready to be an international superpower.
2-9-2018 Newshound Guru Adam Montana [...it's been over 10 years plus dealing with Iraq Dinar and still we are NO closer to when Iraq will RV their currency. With that said: 1. ...Iraq and CBI is making tons of money from auctions and loans from other countries and IMF. Why should they RV if they don't have to... 2. Are we wasting our time in this investment?...] I completely disagree. You say we are "NO closer"??!! I'm not sure what you are basing that on, but I completely disagree. 1. Yes. Regarding their business model with the auctions, they will continue to make money on them after a revaluation of the currency. I see no reason to be pessimistic about it. 2. I don't think we are wasting our time at all...
2-8-2018 Intel Guru ADMINBILL ...PERHAPS THE NEW YEAR WE THOUGHT WAS SUPPOSED TO BRING US JOY ON JANUARY 1ST THIS YEAR WAS NOT THE CORRECT NEW YEAR. CELEBRATING THE NEW YEAR IN CHINA BEGINNING ON THE 16TH OF JANUARY. ...IT BEGINS THE NEW YEAR IN CHINA AND IS CELEBRATED ACROSS THE COUNTRY WITH 4 OFFICIAL DAYS OFF AND MUCH CELEBRATION FOR ABOUT 3 WEEKS. ...NOTHING WILL HAPPEN IN IRAQ UNTIL THEY ARE AUTHORIZED TO RELEASE... IT IS NOT IRAQ ALONE.
2-8-2018 Newshound Guru Kaperoni Article: "...Kuwait conference will bring significant economic benefits to Iraq" Quotes: "Kuwait conference is a real starting point for the start of reviving Iraq 's economy and rebuild the country..."; "...the participation of 2300 global conference reconstruction of Iraq, adding that more than 70 countries conference reconstruction of Iraq in Kuwait..."; "...the conference to be held between 12 and 14 February..." ...it is this momentum that will raise the value of the dinar. Let's hope this conference is a success.
2-8-2018 Newshound Guru Don961 Article: "Parliament calls on the Kuwait Conference to provide infrastructure projects instead of funds" Now there's a good idea ! ...Have the donors come in and do the projects...oversee their funds in action...and keep the cash out of the hands of those who may feel inclined to steal it or reroute it...Iraq needs help and 1000's are willing to help...but the 1000's want to see some actual tangible results for their money and efforts... perhaps a money-making business partnership...not another suddenly, mysteriously wealthy politician or official buying 3 homes and Lambos for all his kids...imo.
2-8-2018 Newshound Guru Adam Montana [While I believe that an RV will be simultaneous world wide is their a possibility that some restrictions may be put in place for Dinar outside the country? ...I believe they still need to take back dinar that corruption has stolen and moved out of country.] The possibility of an "in country" RV is certainly there, but IMO they would be stepping on a LOT of the wrong toes if they did that, and ultimately it would prove unsuccessful for them, so I don't see it as a serious threat. Iraq really needs the support of the global financial markets and political figures in order to have a successful RV. They have done a lot to garner that support and gain that confidence, and an in-country RV would immediately diminish their outside support... I just don't see it happening.
2-8-2018 Guest Guru BobTheTaxMan There are a lot of great changes that have gone on in the tax world…So this whole new concept that Trump Administration has fathered and brought forth has a lot of benefits to it. You just need to understand what it is. And because it’s different, a lot of people are afraid of it. Don’t be afraid of it…cause it really is a great opportunity. Tremendous opportunity especially if you keep viewing the dinar. Somewhere down the road it is going to come to fruition. It is going to happen. These new rules and regulations for the IRS are phenomenal.
2-8-2018 Newshound Guru Kaperoni Keep in mind, we all want this to start...but the reality is the CBI cannot float or for that matter do anything other than improve the banking environment at this time. Why? Because there is no upward pressure on the dinar. There is no investment in Iraq's private sector at this time. Until there is investment, or compliance with the IMF, the CBI's hands are sort of tied. Only after this conditions are met can the CBI consider moving to a float, ending the auctions, and have the dinar join the worlds currencies. [post 2 of 2]
2-8-2018 Newshound Guru Kaperoni Monetary policy is not a simple thing to explain. I do not think the CBI is ready to float at this time. Mainly because the IMF does not want them to. They want them to stay pegged until they meet compliance with the IMF and can move to Article VIII. That being said, I do think the CBI wants to float once they move to Article VIII. My belief is they will pick a new floating exchange rate regime that they can use to raise the value gradually to counter inflationary pressure created by the influx of investment flowing through the Capital Account of the CBI (hopefully that will capital will begin to come into Iraq soon). This is well documented in several IMF articles discussing the transition. [post 1 of 2....stay tuned]
2-8-2018 Intel Guru RayRen98 From Monday...we shared about lower denominations being out in smaller numbers, with more being released in the coming days. We have not had an update on that yet, but think that they are only in some hands so far. We have also been told that prices have been adjusted slightly. The biggest changes there will happen when the change in value comes in...when they make the announcement. Budget due out tomorrow, Feb. 8th. We were getting confirmation that Kurdistan is getting 14%. CURRENT WINDOW: ...We were told the second and then the 15th. A few things needed to happen, but I think we are good. We are in the window.
2-8-2018 Newshound/Intel Guru Mnt Goat So we can see that having the budget passed is also needed. Folks nobody has a checklist of items. It all just happens this way. It all just plays out. It is all an ongoing “RV Saga”. It is NOT about having the new RV rate in the budget that is so important, as to why they need to pass it... This RV is not driving anything. But rather prior agreements are driving the process and holding it up. ...the RV is just the end game and the end product. So do they want to have all these items completed prior to the upcoming Donor Conference in Kuwait? I would think so but I can not prove it. It makes total sense to me, but then again they are so late in getting everything done... [post 3 of 3]
2-8-2018 Newshound Guru Kaperoni Article: "...Kuwait conference will bring significant economic benefits to Iraq" Quotes: "Kuwait conference is a real starting point for the start of reviving Iraq 's economy and rebuild the country..."; "...the participation of 2300 global conference reconstruction of Iraq, adding that more than 70 countries conference reconstruction of Iraq in Kuwait..."; "...the conference to be held between 12 and 14 February..." ...it is this momentum that will raise the value of the dinar. Let's hope this conference is a success.
2-8-2018 Newshound Guru Don961 Article: "Parliament calls on the Kuwait Conference to provide infrastructure projects instead of funds" Now there's a good idea ! ...Have the donors come in and do the projects...oversee their funds in action...and keep the cash out of the hands of those who may feel inclined to steal it or reroute it...Iraq needs help and 1000's are willing to help...but the 1000's want to see some actual tangible results for their money and efforts... perhaps a money-making business partnership...not another suddenly, mysteriously wealthy politician or official buying 3 homes and Lambos for all his kids...imo.
2-8-2018 Newshound Guru Adam Montana [While I believe that an RV will be simultaneous world wide is their a possibility that some restrictions may be put in place for Dinar outside the country? ...I believe they still need to take back dinar that corruption has stolen and moved out of country.] The possibility of an "in country" RV is certainly there, but IMO they would be stepping on a LOT of the wrong toes if they did that, and ultimately it would prove unsuccessful for them, so I don't see it as a serious threat. Iraq really needs the support of the global financial markets and political figures in order to have a successful RV. They have done a lot to garner that support and gain that confidence, and an in-country RV would immediately diminish their outside support... I just don't see it happening.
2-8-2018 Guest Guru BobTheTaxMan There are a lot of great changes that have gone on in the tax world…So this whole new concept that Trump Administration has fathered and brought forth has a lot of benefits to it. You just need to understand what it is. And because it’s different, a lot of people are afraid of it. Don’t be afraid of it…cause it really is a great opportunity. Tremendous opportunity especially if you keep viewing the dinar. Somewhere down the road it is going to come to fruition. It is going to happen. These new rules and regulations for the IRS are phenomenal.
2-8-2018 Newshound Guru Kaperoni Keep in mind, we all want this to start...but the reality is the CBI cannot float or for that matter do anything other than improve the banking environment at this time. Why? Because there is no upward pressure on the dinar. There is no investment in Iraq's private sector at this time. Until there is investment, or compliance with the IMF, the CBI's hands are sort of tied. Only after this conditions are met can the CBI consider moving to a float, ending the auctions, and have the dinar join the worlds currencies. [post 2 of 2]
2-8-2018 Newshound Guru Kaperoni Monetary policy is not a simple thing to explain. I do not think the CBI is ready to float at this time. Mainly because the IMF does not want them to. They want them to stay pegged until they meet compliance with the IMF and can move to Article VIII. That being said, I do think the CBI wants to float once they move to Article VIII. My belief is they will pick a new floating exchange rate regime that they can use to raise the value gradually to counter inflationary pressure created by the influx of investment flowing through the Capital Account of the CBI (hopefully that will capital will begin to come into Iraq soon). This is well documented in several IMF articles discussing the transition. [post 1 of 2....stay tuned]
2-8-2018 Intel Guru RayRen98 From Monday...we shared about lower denominations being out in smaller numbers, with more being released in the coming days. We have not had an update on that yet, but think that they are only in some hands so far. We have also been told that prices have been adjusted slightly. The biggest changes there will happen when the change in value comes in...when they make the announcement. Budget due out tomorrow, Feb. 8th. We were getting confirmation that Kurdistan is getting 14%. CURRENT WINDOW: ...We were told the second and then the 15th. A few things needed to happen, but I think we are good. We are in the window.
2-8-2018 Newshound/Intel Guru Mnt Goat So we can see that having the budget passed is also needed. Folks nobody has a checklist of items. It all just happens this way. It all just plays out. It is all an ongoing “RV Saga”. It is NOT about having the new RV rate in the budget that is so important, as to why they need to pass it... This RV is not driving anything. But rather prior agreements are driving the process and holding it up. ...the RV is just the end game and the end product. So do they want to have all these items completed prior to the upcoming Donor Conference in Kuwait? I would think so but I can not prove it. It makes total sense to me, but then again they are so late in getting everything done... [post 3 of 3]
2-7-2018 Newshound/Intel Guru Mnt Goat Again another hold up because of arguments with the KRG on the getting the 17% (as guaranteed by the constitution. The GOI has no problems with giving them this amount but in auditing they have found so much corruption and that much of this money goes to fill the pockets of the politicians and not the salaries and planned projects. ...So the IMF steps in and mandates the GOI that they need to pay 14% and their loans are contingent upon obeying. They want this issue resolved. The GOI comes up with a suggestion. They will give the KRG 12% in the budget and the other 5% pay them in a “special emergency allocation”. This is now on the table and we wait to see what they do. [post 2 of 3....stay tuned]
2-7-2018 Newshound/Intel Guru Mnt Goat So where do we stand today in the RV sage [saga?]? We are waiting for the GOI to pay all reoccurring monthly debts on time. One of the goals of the SBA between the IMF and the GOI was to finally get the finances turned around so that the government would be in a position to be able to do this and does do this. So in late December 2017, when they agreed it was time to re-instate the currency, part of the pre-conditions was to get current on all of these outstanding occurring routine debts. If we look at their payment schedule it certainly looks like they want to complete this by around mid February (next Monday). Part of this process is getting a workable budget passed in parliament that includes proper resources to fulfill these debts. [post 1 of 3....stay tuned]
2-7-2018 Newshound Guru Adam Montana [So now that the Kurds are throwing a hissy fit over losing almost 5% share of the budget, where does that leave the RV??? They keep boycotting meetings and know without them and their supporters, there is no quorum. So no budget, no HCL, no RV. ... What can Abadi and the Parliament do to fix the problem?] That's a very good point, and it's exactly what I believe is really holding up the process at this point. The good news for us, of course, is that they can throw all the tantrums they want... eventually we will get to a point where the budget is settled, their share of the revenue will be established, and it will be very apparent to all that it is in everyone's best interest to move forward with the HCL and then of course a revision of the exchange rate. I don't see it dragging out another 10 years. It might not happen "tomorrow" or even "this week", but the conclusion is inevitable. Hang in there, everyone.
2-7-2018 Newshound Guru chattels I was asked whether I thought that the rate, impliedly " new rate " was in the budget. I seriously doubt that any increase in the value of the dinar is going to be forecast in / by the budget. ...there is a discernable rate / value to the dinar evinced in the budget. That value in my time has always been the current value of the dinar. The budget is a months long process. Is Iraq going to announce an increase in the value of the dinar in their draft budget? I don't think so.
2-7-2018 Intel Guru RayRen98 DINAR IS SCARCE, IRAQ HAS "REPORTEDLY" STOPPED DISTRIBUTIONS...TICK, TOCK...TICK, TOCK. THERE'S A LIGHT AT THE END OF THIS TUNNEL... IT APPEARS THAT DEALERS ARE SELLING "ON HAND" INVENTORY ONLY? KEEP AN EYE OPEN ON THE DEALERS AND ON FOREX...THINGS MIGHT UNFOLD RIGHT BEFORE YOUR VERY EYES.
2-7-2018 Newshound Guru Kaperoni Article: "Central banks needed five hours to submit their applications to buy foreign currency" [Here comes the RV at one to one.] There is no RV. Not to mention this article has nothing to do with implying such. This is an attempt to control the daily currency auctions and weed out corruption, but to me it is just another restriction which could have a negative effect on the spread. The CBI has a habit of implementing these types of controls rather than doing what it should be doing...arresting the crooks themselves. [...Kap no offense here but the CBI kills your theories when they say NO FLOAT.] ...the CBI did not say no float, just no float at this time. And this makes sense since there is no momentum through the Capital Account to create inflationary pressure and appreciate the currency.
2-7-2018 Newshound Guru Breitling …I have so much confidence in what is coming down the road with the dinar. In the past we’ve talked a little about what it could do…what the Iraqis are looking at market wise. None of that stuff is going to prevent the dinar from revaluing. None of it. Zero. It’s going to revalue. The question is. How fast? And at what rate? The future is determining that…So very confident in it…
2-7-2018 Intel Guru Bruce Other information we got today from Iraq...from our contact that...February 7, the new budget would be passed and read for the third time. ...there has been a lot of pressure exerted on Abadi to get that rate out... It looks like it finally reached consensus on the budget, and have it in the Gazette on the February 8, which is Thursday. I think we are just where we needed to be as far as that goes. You know the budget would contain the rate and the rate would be seen...by the 8th if not sooner. We know that the dinar is being traded again for about the last 3 days... ...This is a real interesting time. ...I am getting strong Intel pointing toward any moment now. We know we have been close before, but I think we are even closer than we [have] ever been. [post 2 of 2]
2-7-2018 Intel Guru Bruce We know Iraq has had to get things in order. We know they were released from our US Treasury to put out their rate for the Iraqi dinar a week and half ago, maybe longer...but somehow they haven’t...yet. There was some resistance in the Parliament as far as various factions in the government still. Then we find now...Everyone pretty much is on the same page. We understand couple days ago some announcements were made by Prime Minister Abadi and behind him standing was Maliki. Maliki had said they had some unity now and...He is not going to run for Prime Minister again. Also, that he was behind the RV going thru...where he was so resistant the entire time he was in power. That is one reason why it didn’t happen. Now he is no longer a factor. [post 1 of 2....stay tuned]
2-7-2018 Newshound Guru mike Article: "Corruption in Iraq file reaches the most dangerous stages" Quote: "The general amnesty issued by parliament earlier in an important outlet for corrupt law in Iraq, provides them with a cover legislative..." ...Abadi is Maliki-Lite, he just has better optics and represents hope for change. It's all smoke and mirrors, both are from the Dawa Party and answer to Iran. Going after the Kurd's and Sunni's for their corruption and ignoring the ruling Shia is typical but...hopefully the IMF sees it as well. You can bet those who attend the "donor" conference in Kuwait know what's going on, imagine putting money into a country that has laws on the books that protect the corrupt politicians. That's a pretty tough sell, it's throwing good money after bad. This conference starts in six days on Monday and Parliament isn't even going to meet again until Sunday, I don't think the odds of them completing a budget in time for the donor conference are very good.
2-7-2018 Newshound/Intel Guru Mnt Goat So where do we stand today in the RV sage [saga?]? We are waiting for the GOI to pay all reoccurring monthly debts on time. One of the goals of the SBA between the IMF and the GOI was to finally get the finances turned around so that the government would be in a position to be able to do this and does do this. So in late December 2017, when they agreed it was time to re-instate the currency, part of the pre-conditions was to get current on all of these outstanding occurring routine debts. If we look at their payment schedule it certainly looks like they want to complete this by around mid February (next Monday). Part of this process is getting a workable budget passed in parliament that includes proper resources to fulfill these debts. [post 1 of 3....stay tuned]
2-7-2018 Newshound Guru Adam Montana [So now that the Kurds are throwing a hissy fit over losing almost 5% share of the budget, where does that leave the RV??? They keep boycotting meetings and know without them and their supporters, there is no quorum. So no budget, no HCL, no RV. ... What can Abadi and the Parliament do to fix the problem?] That's a very good point, and it's exactly what I believe is really holding up the process at this point. The good news for us, of course, is that they can throw all the tantrums they want... eventually we will get to a point where the budget is settled, their share of the revenue will be established, and it will be very apparent to all that it is in everyone's best interest to move forward with the HCL and then of course a revision of the exchange rate. I don't see it dragging out another 10 years. It might not happen "tomorrow" or even "this week", but the conclusion is inevitable. Hang in there, everyone.
2-7-2018 Newshound Guru chattels I was asked whether I thought that the rate, impliedly " new rate " was in the budget. I seriously doubt that any increase in the value of the dinar is going to be forecast in / by the budget. ...there is a discernable rate / value to the dinar evinced in the budget. That value in my time has always been the current value of the dinar. The budget is a months long process. Is Iraq going to announce an increase in the value of the dinar in their draft budget? I don't think so.
2-7-2018 Intel Guru RayRen98 DINAR IS SCARCE, IRAQ HAS "REPORTEDLY" STOPPED DISTRIBUTIONS...TICK, TOCK...TICK, TOCK. THERE'S A LIGHT AT THE END OF THIS TUNNEL... IT APPEARS THAT DEALERS ARE SELLING "ON HAND" INVENTORY ONLY? KEEP AN EYE OPEN ON THE DEALERS AND ON FOREX...THINGS MIGHT UNFOLD RIGHT BEFORE YOUR VERY EYES.
2-7-2018 Newshound Guru Kaperoni Article: "Central banks needed five hours to submit their applications to buy foreign currency" [Here comes the RV at one to one.] There is no RV. Not to mention this article has nothing to do with implying such. This is an attempt to control the daily currency auctions and weed out corruption, but to me it is just another restriction which could have a negative effect on the spread. The CBI has a habit of implementing these types of controls rather than doing what it should be doing...arresting the crooks themselves. [...Kap no offense here but the CBI kills your theories when they say NO FLOAT.] ...the CBI did not say no float, just no float at this time. And this makes sense since there is no momentum through the Capital Account to create inflationary pressure and appreciate the currency.
2-7-2018 Newshound Guru Breitling …I have so much confidence in what is coming down the road with the dinar. In the past we’ve talked a little about what it could do…what the Iraqis are looking at market wise. None of that stuff is going to prevent the dinar from revaluing. None of it. Zero. It’s going to revalue. The question is. How fast? And at what rate? The future is determining that…So very confident in it…
2-7-2018 Intel Guru Bruce Other information we got today from Iraq...from our contact that...February 7, the new budget would be passed and read for the third time. ...there has been a lot of pressure exerted on Abadi to get that rate out... It looks like it finally reached consensus on the budget, and have it in the Gazette on the February 8, which is Thursday. I think we are just where we needed to be as far as that goes. You know the budget would contain the rate and the rate would be seen...by the 8th if not sooner. We know that the dinar is being traded again for about the last 3 days... ...This is a real interesting time. ...I am getting strong Intel pointing toward any moment now. We know we have been close before, but I think we are even closer than we [have] ever been. [post 2 of 2]
2-7-2018 Intel Guru Bruce We know Iraq has had to get things in order. We know they were released from our US Treasury to put out their rate for the Iraqi dinar a week and half ago, maybe longer...but somehow they haven’t...yet. There was some resistance in the Parliament as far as various factions in the government still. Then we find now...Everyone pretty much is on the same page. We understand couple days ago some announcements were made by Prime Minister Abadi and behind him standing was Maliki. Maliki had said they had some unity now and...He is not going to run for Prime Minister again. Also, that he was behind the RV going thru...where he was so resistant the entire time he was in power. That is one reason why it didn’t happen. Now he is no longer a factor. [post 1 of 2....stay tuned]
2-7-2018 Newshound Guru mike Article: "Corruption in Iraq file reaches the most dangerous stages" Quote: "The general amnesty issued by parliament earlier in an important outlet for corrupt law in Iraq, provides them with a cover legislative..." ...Abadi is Maliki-Lite, he just has better optics and represents hope for change. It's all smoke and mirrors, both are from the Dawa Party and answer to Iran. Going after the Kurd's and Sunni's for their corruption and ignoring the ruling Shia is typical but...hopefully the IMF sees it as well. You can bet those who attend the "donor" conference in Kuwait know what's going on, imagine putting money into a country that has laws on the books that protect the corrupt politicians. That's a pretty tough sell, it's throwing good money after bad. This conference starts in six days on Monday and Parliament isn't even going to meet again until Sunday, I don't think the odds of them completing a budget in time for the donor conference are very good.
2-6-2018 Intel Guru Dr. Clarke ‘Kuwait allotted 6 weeks to exchange their old Dinars.’ So, the old Kuwait Dinar was being phased out and people had 6 weeks in which to exchange the old for the new Kuwait currency. ...could February (this month) produce the same dynamics? ie could Iraq rv their Iraqi Dinar in a similar way to how Kuwait did in ‘91? ...the rv of the Iraqi Dinar is not happening in an obvious way, ie. as the Intel being shared around the internet is telling us it is. So I conclude, it is unfolding in an unobvious way, so not to get hung up on the details that are coming from ‘sources’. I hope this helps. To me it’s simple, it’s a trap to overthink and get in our own way with trying to figure it out. Relax and know it’s happening! "In Chess…..Who cares when you Sacrifice the Day of a Battle, if you’re Guaranteed to WIN THE WAR...IN FEBRUARY?" CHECKMATE.
2-6-2018 Intel/Newshound Guru tman23 ...The IMF is telling Iraq to get on the move otherwise the upcoming conference may be a bust...all this money raised this week might find itself in another coffer and Iraq on an island....I like the one statement/question ...Has Abadi overplayed his hand?
2-6-2018 Newshound/Intel Guru Mnt Goat Article quote: "...continuous meetings between the parliamentary blocs to resolve differences on the financial budget for 2018, in the presence of Prime Minister Haider Abadi for two consecutive days to parliament to accelerate the adoption of the budget." I am convinced now that there is some connection with getting the budget passed and getting the re-instatement of the currency. This is noteworthy to pay attention to. Quote: "...the importance of Iraq does not lose the respect of the international community us, through demands do not lead to a result. For the Kuwait conference, HOW CAN IRAQ GO TO THE CONFERENCE AND UNDERSTAND WITH DONOR COUNTRIES AND HE WAS UNABLE TO APPROVE HIS BUDGET? This is a very negative signal, and therefore the budget must be approved before the Kuwait Conference."
2-6-2018 Newshound Guru Don961 Do they truly think no one knows what was done with all the money...or who was/is responsible? ...these same faces and political parties want to be in position to do it again...there are over 200 parties registered for the upcoming elections...is this to distance themselves from the parties who blew it before? Do they truly want to help...or is that also a ploy to fool the world into thinking things are really changing...only to have the same people join right back together again in their "alliances" to continue what they were doing under a different name? ...If they are sincere about helping the citizens, are peaceful, want to truly do business in a safe way in a safe environment...then there is a long line of people who want to do business and are chomping at the bit to help build a wealthy, prosperous nation... Now up to 1800 companies and businessmen!! ...they must love that pretty girl and her colorful currency! We see much progress...more than ever before...we'll see how it goes...imo. [post 2 of 2]
2-6-2018 Newshound Guru Don961 Article: "Kuwait announces hosting a new meeting of the International Alliance against Daqash and reveals the most prominent contents expected" Quote: "70 countries and 4 international organizations and bodies were participating in a ministerial meeting of the countries participating in the international alliance against Daqash, scheduled for February 13 in Kuwait." All these "leaders" want everyone to come in and help rebuild Iraq... the world has tried to help do that before...Poured billions upon billions in money, equipment, expertise, other resources into the country...and precious lives...enough to rebuild Iraq several times over...only to have it stolen, misappropriated...and countless other ways wealth was redirected to someone's personal bank account... [post 1 of 2....stay tuned]
2-6-2018 Intel Guru Frank26 [Do you think they need a real RI/RV rate before the kuwait conference begins? IYO?] YES.
2-6-2018 Newshound Guru mike Article: "The House of Representatives completes reading the proposal of the second amendment law to the law of elections of the House of Representatives" ...this is a telling article. There are so many agenda's it boggles the mind, it seems most are happy to hold things up by keeping it in committee. The last thing I want to see is more seats added to the government, with the Sunni's displaced and the Kurd's infighting, this would only benefit the Shia, everyone else is disorganized. Hopefully they can get this deal sorted out quickly, Free and open elections are kind of important when building a Iraqi democracy; For better or worse, the quote [quota ?] system is still a big deal in Iraq "He pointed out that the quota is granted"
2-6-2018 Intel/Newshound Guru tman23 ...The IMF is telling Iraq to get on the move otherwise the upcoming conference may be a bust...all this money raised this week might find itself in another coffer and Iraq on an island....I like the one statement/question ...Has Abadi overplayed his hand?
2-6-2018 Newshound/Intel Guru Mnt Goat Article quote: "...continuous meetings between the parliamentary blocs to resolve differences on the financial budget for 2018, in the presence of Prime Minister Haider Abadi for two consecutive days to parliament to accelerate the adoption of the budget." I am convinced now that there is some connection with getting the budget passed and getting the re-instatement of the currency. This is noteworthy to pay attention to. Quote: "...the importance of Iraq does not lose the respect of the international community us, through demands do not lead to a result. For the Kuwait conference, HOW CAN IRAQ GO TO THE CONFERENCE AND UNDERSTAND WITH DONOR COUNTRIES AND HE WAS UNABLE TO APPROVE HIS BUDGET? This is a very negative signal, and therefore the budget must be approved before the Kuwait Conference."
2-6-2018 Newshound Guru Don961 Do they truly think no one knows what was done with all the money...or who was/is responsible? ...these same faces and political parties want to be in position to do it again...there are over 200 parties registered for the upcoming elections...is this to distance themselves from the parties who blew it before? Do they truly want to help...or is that also a ploy to fool the world into thinking things are really changing...only to have the same people join right back together again in their "alliances" to continue what they were doing under a different name? ...If they are sincere about helping the citizens, are peaceful, want to truly do business in a safe way in a safe environment...then there is a long line of people who want to do business and are chomping at the bit to help build a wealthy, prosperous nation... Now up to 1800 companies and businessmen!! ...they must love that pretty girl and her colorful currency! We see much progress...more than ever before...we'll see how it goes...imo. [post 2 of 2]
2-6-2018 Newshound Guru Don961 Article: "Kuwait announces hosting a new meeting of the International Alliance against Daqash and reveals the most prominent contents expected" Quote: "70 countries and 4 international organizations and bodies were participating in a ministerial meeting of the countries participating in the international alliance against Daqash, scheduled for February 13 in Kuwait." All these "leaders" want everyone to come in and help rebuild Iraq... the world has tried to help do that before...Poured billions upon billions in money, equipment, expertise, other resources into the country...and precious lives...enough to rebuild Iraq several times over...only to have it stolen, misappropriated...and countless other ways wealth was redirected to someone's personal bank account... [post 1 of 2....stay tuned]
2-6-2018 Intel Guru Frank26 [Do you think they need a real RI/RV rate before the kuwait conference begins? IYO?] YES.
2-6-2018 Newshound Guru mike Article: "The House of Representatives completes reading the proposal of the second amendment law to the law of elections of the House of Representatives" ...this is a telling article. There are so many agenda's it boggles the mind, it seems most are happy to hold things up by keeping it in committee. The last thing I want to see is more seats added to the government, with the Sunni's displaced and the Kurd's infighting, this would only benefit the Shia, everyone else is disorganized. Hopefully they can get this deal sorted out quickly, Free and open elections are kind of important when building a Iraqi democracy; For better or worse, the quote [quota ?] system is still a big deal in Iraq "He pointed out that the quota is granted"
2-5-2018 Newshound Guru G-Lin Article: "Deputy reveals the condition of the IMF to support the government for the allocation of 14% of the budget for Kurdistan" They better be quick. IMF told them they need to have the budget complete before the Kuwait Conf. That is next Monday. And they are not meeting again until next Sunday. Snap, snap Iraq.
2-5-2018 Newshound Guru chattels Article: " ...saw the parliament cafeteria several differences and reached the degree of engagement fistfights." parliament suspended its week amid a fight.
2-5-2018 Newshound Guru Don961 Article: "The central bank is required five hours to submit their applications for the purchase of currency" Quote: "The bank has set new conditions and instructions on banks and brokerage companies to enter the currency sale window to prevent corruption and trading in hard currency." Currency crackdown ... another step ... new conditions/rules ... imo.
2-5-2018 Intel Guru RayRen98 There was an update over the weekend...and no changes have been made from that plan so far as well know. [reference Guru RayRen98 post 2-4-2018] ...they are meeting again today and we may get more detailed information during the course of the day. The information I’m hearing from members and their dealers is that the price of dinar is going up, and the currency is harder to get now, especially uncirculated notes. To me, that is a great sign. We are also hearing more about the lower denoms being in some people’s hands, although there is still not public distribution. That is also a good sign of progress. Also exciting is hearing about there being a backlog in some vehicle purchases (in Iraq). There are issues getting enough of those vehicles into the country. That’s all good stuff.
2-5-2018 Newshound/Intel Guru Mnt Goat "MASUM, STRESSED THE URGENT NEED OF IRAQ TO BUILD A SOLID ECONOMY" Quote: “TO BUILD A STRONG AND OPEN ECONOMY”. How can they do this when their currency is a temporary, war currency not meant to be taken outside of Iraq? They must go thru the currency reform process and complete it - RV.
2-5-2018 Newshound Guru chattels [...what do you think still needs to happen?] I would like to see a fully formed government and judiciary as provided for in the Constitution. I would like to see national reconciliation done. I would like to see Article 140 and an HCL. I would like to see resettlement of the displaced and security in Anbar / Nineveh / Kirkuk. I would like to see deposit guaranty insurance implemented with other business laws favoring investors and less corruption.
2-5-2018 Intel Guru Jester [...all that is happening with this memo business and draining the swamp, do you think has any thing to do with the timing the ust is waiting on?] IT HAS TO DO WITH THE US GETTING IT'S STUFF TOGETHER BUT IT IS NOT NECESSARILY ON THE SAME TIME FRAME...REMEMBER I TOLD YOU THEY HAD TO FEEL LIKE THEY COULD TRUST THE US... I THINK THAT MAY BE PART OF IT... THE OTHER GURUS THINK IT IS JUST IRAQ... IT IS A MUCH BIGGER PICTURE...
2-5-2018 Intel Guru Frank26 [Do you believe the rate is in the 2018 budget...?] IT IS 1 TO 1. [...you said the budget would be approved at the next session of parliament...Was it passed?] IT IS PASSED...NOTE...BUDGET HAS NOTHING TO DO WITH THE RI. [...when it ri. Will our government get 1to1 or wait for 3-4 rate?] 1 TO 1 IS FOR IRAQ...3 PLUS WILL EVENTUALLY BE FOR OUTSIDE. [...1:1 is for in country. Once that finally happens, will we be waiting the 72-78 days before we see it leave Iraqi borders at a higher rate?] NO LEAVES AT 1 TO 1...RV IS APPROX 72 PLUS. [IYO Once we see the rate on the CBI, will A see his target rate of 4.8 or higher (based on the pic he took with the old currency in it’s hay day) ON/BEFORE the 72-78 days or ON/AFTER 72-78 days.] IMO 3 PLUS WITH A POSSIBILITY TO GO 4 PLUS...CONTROL FLOAT WILL DETERMINE THAT.
2-5-2018 Newshound Guru chattels Article: " ...saw the parliament cafeteria several differences and reached the degree of engagement fistfights." parliament suspended its week amid a fight.
2-5-2018 Newshound Guru Don961 Article: "The central bank is required five hours to submit their applications for the purchase of currency" Quote: "The bank has set new conditions and instructions on banks and brokerage companies to enter the currency sale window to prevent corruption and trading in hard currency." Currency crackdown ... another step ... new conditions/rules ... imo.
2-5-2018 Intel Guru RayRen98 There was an update over the weekend...and no changes have been made from that plan so far as well know. [reference Guru RayRen98 post 2-4-2018] ...they are meeting again today and we may get more detailed information during the course of the day. The information I’m hearing from members and their dealers is that the price of dinar is going up, and the currency is harder to get now, especially uncirculated notes. To me, that is a great sign. We are also hearing more about the lower denoms being in some people’s hands, although there is still not public distribution. That is also a good sign of progress. Also exciting is hearing about there being a backlog in some vehicle purchases (in Iraq). There are issues getting enough of those vehicles into the country. That’s all good stuff.
2-5-2018 Newshound/Intel Guru Mnt Goat "MASUM, STRESSED THE URGENT NEED OF IRAQ TO BUILD A SOLID ECONOMY" Quote: “TO BUILD A STRONG AND OPEN ECONOMY”. How can they do this when their currency is a temporary, war currency not meant to be taken outside of Iraq? They must go thru the currency reform process and complete it - RV.
2-5-2018 Newshound Guru chattels [...what do you think still needs to happen?] I would like to see a fully formed government and judiciary as provided for in the Constitution. I would like to see national reconciliation done. I would like to see Article 140 and an HCL. I would like to see resettlement of the displaced and security in Anbar / Nineveh / Kirkuk. I would like to see deposit guaranty insurance implemented with other business laws favoring investors and less corruption.
2-5-2018 Intel Guru Jester [...all that is happening with this memo business and draining the swamp, do you think has any thing to do with the timing the ust is waiting on?] IT HAS TO DO WITH THE US GETTING IT'S STUFF TOGETHER BUT IT IS NOT NECESSARILY ON THE SAME TIME FRAME...REMEMBER I TOLD YOU THEY HAD TO FEEL LIKE THEY COULD TRUST THE US... I THINK THAT MAY BE PART OF IT... THE OTHER GURUS THINK IT IS JUST IRAQ... IT IS A MUCH BIGGER PICTURE...
2-5-2018 Intel Guru Frank26 [Do you believe the rate is in the 2018 budget...?] IT IS 1 TO 1. [...you said the budget would be approved at the next session of parliament...Was it passed?] IT IS PASSED...NOTE...BUDGET HAS NOTHING TO DO WITH THE RI. [...when it ri. Will our government get 1to1 or wait for 3-4 rate?] 1 TO 1 IS FOR IRAQ...3 PLUS WILL EVENTUALLY BE FOR OUTSIDE. [...1:1 is for in country. Once that finally happens, will we be waiting the 72-78 days before we see it leave Iraqi borders at a higher rate?] NO LEAVES AT 1 TO 1...RV IS APPROX 72 PLUS. [IYO Once we see the rate on the CBI, will A see his target rate of 4.8 or higher (based on the pic he took with the old currency in it’s hay day) ON/BEFORE the 72-78 days or ON/AFTER 72-78 days.] IMO 3 PLUS WITH A POSSIBILITY TO GO 4 PLUS...CONTROL FLOAT WILL DETERMINE THAT.
2-4-2018 Newshound/Intel Guru BGG Article: "Maliki reveals his plans to become PM once again" Whether we like it or not – this is big news. Maliki plans on trying to retake the PMship in Iraq, even though he doesn’t qualify because of term limits, even though he is corrupt, even though he will destroy the country – he will try. Incredibly – they are letting him run. He should be under investigation…or in jail. BTW – this appears to be a well-timed announcement (on Maliki’s part). You think he doesn’t know the world is deathly afraid of him? I suspect this is a calculated move to scare off some of the donor countries coming to the Kuwait Conference. Maliki has NO USE for the Arabs and Sunnis. He could care less if they show up. He want’s Iranian influence to grow – at all costs.
2-4-2018 Intel Guru RayRen98 From Friday's meeting, we learned of a "plan" for a Slow Roll-Out, however, they are still in planning meetings and this information is very much subject-to-change come Monday. ...Iraq Happening: The IMF and the World Bank are reportedly demanding that the 2018 Budget must be approved before the Kuwait Conference on February 12. The payments for the Kurds (once again) is resolved. Article 140 should no longer be an issue. With 140 and the Budget approval being resolved, the coast will be clear for completion of the economic reforms. Bring on the rate change!!
2-4-2018 Newshound Guru G-Lin Article: "Revealed: Deal to oust Abadi, bring Hadi al-Ameri as PM" We just don't know what is truth or propaganda going into the elections, but I guess we need to see all. But Abadi isn't winning any popularity contest either. He has been brutal to the Kurds. And Hakim and Sadr are leaning towards Ameri. I'm a bit disappointed in Abadi too. He has had 4 years to clean up the corruption and all he does so far is talk. I think he may have good intentions but Iran still is the strongest influence in Iraq and they may be pushing Ameri.
2-4-2018 Newshound Guru chattels "The market price on the Kifah Stock Exchange in Baghdad was 1237.5 dinars per dollar, ie 123 thousand and 750 dinars per hundred dollars. The prices of selling and buying dollars in the banking companies were: the sale price of one dollar 1242.5 dinars, or 124 thousand and 250 dinars, for one hundred dollars. The purchase price of the dollar is 1232.5 dinars, or 123 thousand and 250 dinars, for one hundred dollars." The foregoing is somewhat remarkable due to the recent drop in oil prices / increase in the value of the dollar and the market price of the dinar appears to be holding at the same rate as two days ago.
2-4-2018 Intel Guru Delta [I wish the CBI would end the auctions any thoughts on when they may end?] THEY TOLD US BY THE FIRST Q OF 2018...SO ANYTIME...Q1 2018 -- January 1, 2018 to March 31, 2018...ANYTIME HERE.
2-4-2018 Newshound/Intel Guru Mnt Goat Article: "The Ministry of Finance in the Kurdistan Regional Government announced a new schedule for the distribution of salaries." ...I did tell everyone this RV process might go past Jan 31st and so it has. I told you not to expect anything since they just announced that they won’t even begin to pay on the pensions and retirements until Feb 1st. We know these salaries must all get paid first. This...comes from a mandate on the SDA between Iraq and the IMF. ...The GOI recently came out with a new payroll schedule... What we need is for the prior cycle to be completed. The fact that they are already showing us the 2nd cycle is very significant and tells us they are at the end of the last.
2-4-2018 Intel Guru RayRen98 From Friday's meeting, we learned of a "plan" for a Slow Roll-Out, however, they are still in planning meetings and this information is very much subject-to-change come Monday. ...Iraq Happening: The IMF and the World Bank are reportedly demanding that the 2018 Budget must be approved before the Kuwait Conference on February 12. The payments for the Kurds (once again) is resolved. Article 140 should no longer be an issue. With 140 and the Budget approval being resolved, the coast will be clear for completion of the economic reforms. Bring on the rate change!!
2-4-2018 Newshound Guru G-Lin Article: "Revealed: Deal to oust Abadi, bring Hadi al-Ameri as PM" We just don't know what is truth or propaganda going into the elections, but I guess we need to see all. But Abadi isn't winning any popularity contest either. He has been brutal to the Kurds. And Hakim and Sadr are leaning towards Ameri. I'm a bit disappointed in Abadi too. He has had 4 years to clean up the corruption and all he does so far is talk. I think he may have good intentions but Iran still is the strongest influence in Iraq and they may be pushing Ameri.
2-4-2018 Newshound Guru chattels "The market price on the Kifah Stock Exchange in Baghdad was 1237.5 dinars per dollar, ie 123 thousand and 750 dinars per hundred dollars. The prices of selling and buying dollars in the banking companies were: the sale price of one dollar 1242.5 dinars, or 124 thousand and 250 dinars, for one hundred dollars. The purchase price of the dollar is 1232.5 dinars, or 123 thousand and 250 dinars, for one hundred dollars." The foregoing is somewhat remarkable due to the recent drop in oil prices / increase in the value of the dollar and the market price of the dinar appears to be holding at the same rate as two days ago.
2-4-2018 Intel Guru Delta [I wish the CBI would end the auctions any thoughts on when they may end?] THEY TOLD US BY THE FIRST Q OF 2018...SO ANYTIME...Q1 2018 -- January 1, 2018 to March 31, 2018...ANYTIME HERE.
2-4-2018 Newshound/Intel Guru Mnt Goat Article: "The Ministry of Finance in the Kurdistan Regional Government announced a new schedule for the distribution of salaries." ...I did tell everyone this RV process might go past Jan 31st and so it has. I told you not to expect anything since they just announced that they won’t even begin to pay on the pensions and retirements until Feb 1st. We know these salaries must all get paid first. This...comes from a mandate on the SDA between Iraq and the IMF. ...The GOI recently came out with a new payroll schedule... What we need is for the prior cycle to be completed. The fact that they are already showing us the 2nd cycle is very significant and tells us they are at the end of the last.
2-3-2018 Intel Guru Jester [GURU] MARK Z CALLED ME ALL EXCITED ON SATURDAY... HE NEVER CALLS ON SATURDAY... TOLD ME TO CHECK MY IRAQ GUYS... WE BEEN TRYING SINCE THEN... NO ONE IS TALKING... STILL TRYING...UST CONTACT SAYS... BE HAPPY... NO WORRIES... SHOE ABOUT TO DROP... NO DATE... WILL NEVER HAVE THAT... BUT THEY REALLY ARE NOT WORRIED... THEY SAY THERE IS NOTHING TO WORRY ABOUT... JUST TIMING...
2-3-2018 Intel Guru Frank26 [Shouldn't this be done before the big conference on February 13? The clock is ticking...] IMO...SO MUCH MORE THAN YOU HONESTLY REALIZE .
2-3-2018 Intel Guru Delta
USDIQD Spot Exchange Rate
IQD:CUR 1,184.5859
IQD 6.9812
0.59%
52WK RANGE
64.3524 - 1,213.3339
[Frank26: FIRST TIME!!!...TY DELTA 1.]
2-3-2018 Newshound Guru G-Lin Article: "Financial Advisor-Abadi: the agreement with the IMF is forcing the Government to "observe" Quote: "Saleh noted...another important thing is the Conference Kuwait, how Iraq can go to a Of the Conference and communicate with the donor countries and is not able to adopt balanced? This is a very negative signal for this budget must be authenticated before Kuwait Conference»." Wow...So the IMF is still keeping their foot on Iraq's neck. Is this saying they need to get their budget in place before Kuwait Conderence? Iraq may very well walk away from this conference empty handed. The west wants assurances...
2-3-2018 Newshound Guru Kaperoni Article: "Financial expert for "Economy News": Rising oil prices helped lower dollar exchange rates" Quote: "The witness exchange rates declined significantly, as the dollar exchange rate in local markets reached this day, to 123.750 dinars per $ 100." Sounds like the spread is going down. 1237 to $1." [...Needs to be around 1202 to begin 90 day IMF compliance, I think?] Once they are in compliance it will be interesting to see if the IMF makes them wait the 90 days. We may see a concession on the time.
2-3-2018 Newshound Guru Stryker Topics "Parliamentary Finance: Things are moving quickly towards the adoption of the budget"; "Masoum stresses Iraq's urgent need for a solid and open economy"; "Economist reveals the future of the dollar exchange rate in local markets" ...Things are starting to heat up for Iraq; it's time for action in the form of implementation and less talk!!!
2-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "Is was scheduled to meet the Kurdish blocs on Thursday with Prime Minister Haider Abadi to discuss the bill of financial budget for 2018." ...maybe the Kurds want Article 140 and this impact the budget? They are blocking the budget due to this issue? So maybe they need accomplish one to do the other? I really do not understand why the GOI does not want to just hold the referendum on Article 140 and get it over with. We know the referendum has been written and is now sitting in parliament.
2-3-2018 Newshound Guru Aggiedad77 ...THE NEWS IS ON FIRE TODAY...THERE IS GREATNESS BEING FELT IMO...IN IRAQ TODAY...PROGRESS BEING MADE ON MANY FRONTS...THEY POINT TO THE INTERNATIONAL WORLD AND SAY...LOOK AT US...WE WILL SOON ROAR...DON'T BLINK AN EYE...WE'VE EMERGED FROM THE CESSPOOL OF OUR PAST AND WE ARE WORTHY OF YOUR ATTENTION AND TIME...ALL IMO.
2-3-2018 Intel Guru Frank26 [Shouldn't this be done before the big conference on February 13? The clock is ticking...] IMO...SO MUCH MORE THAN YOU HONESTLY REALIZE .
2-3-2018 Intel Guru Delta
USDIQD Spot Exchange Rate
IQD:CUR 1,184.5859
IQD 6.9812
0.59%
52WK RANGE
64.3524 - 1,213.3339
[Frank26: FIRST TIME!!!...TY DELTA 1.]
2-3-2018 Newshound Guru G-Lin Article: "Financial Advisor-Abadi: the agreement with the IMF is forcing the Government to "observe" Quote: "Saleh noted...another important thing is the Conference Kuwait, how Iraq can go to a Of the Conference and communicate with the donor countries and is not able to adopt balanced? This is a very negative signal for this budget must be authenticated before Kuwait Conference»." Wow...So the IMF is still keeping their foot on Iraq's neck. Is this saying they need to get their budget in place before Kuwait Conderence? Iraq may very well walk away from this conference empty handed. The west wants assurances...
2-3-2018 Newshound Guru Kaperoni Article: "Financial expert for "Economy News": Rising oil prices helped lower dollar exchange rates" Quote: "The witness exchange rates declined significantly, as the dollar exchange rate in local markets reached this day, to 123.750 dinars per $ 100." Sounds like the spread is going down. 1237 to $1." [...Needs to be around 1202 to begin 90 day IMF compliance, I think?] Once they are in compliance it will be interesting to see if the IMF makes them wait the 90 days. We may see a concession on the time.
2-3-2018 Newshound Guru Stryker Topics "Parliamentary Finance: Things are moving quickly towards the adoption of the budget"; "Masoum stresses Iraq's urgent need for a solid and open economy"; "Economist reveals the future of the dollar exchange rate in local markets" ...Things are starting to heat up for Iraq; it's time for action in the form of implementation and less talk!!!
2-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "Is was scheduled to meet the Kurdish blocs on Thursday with Prime Minister Haider Abadi to discuss the bill of financial budget for 2018." ...maybe the Kurds want Article 140 and this impact the budget? They are blocking the budget due to this issue? So maybe they need accomplish one to do the other? I really do not understand why the GOI does not want to just hold the referendum on Article 140 and get it over with. We know the referendum has been written and is now sitting in parliament.
2-3-2018 Newshound Guru Aggiedad77 ...THE NEWS IS ON FIRE TODAY...THERE IS GREATNESS BEING FELT IMO...IN IRAQ TODAY...PROGRESS BEING MADE ON MANY FRONTS...THEY POINT TO THE INTERNATIONAL WORLD AND SAY...LOOK AT US...WE WILL SOON ROAR...DON'T BLINK AN EYE...WE'VE EMERGED FROM THE CESSPOOL OF OUR PAST AND WE ARE WORTHY OF YOUR ATTENTION AND TIME...ALL IMO.
2-2-2018 Intel Guru RayRen98 CBI said they would start paying on Feb 1 but then put out a schedule starting Feb. 4. There is now pressure on Parliament to publish the Budget. Also, the dong showed up on the screen various times, but no one could exchange. It was interesting that dong was shown $4.25, and it kept going on and off.
2-2-2018 Newshound/Intel Guru Mnt Goat So this week once again they discussed controversial issues in the budget in preparation for the formulation of satisfactory parts to all parties to approve the budget, but not yet approved and passed. We have been told this many time before. They expect to pick it back up in tomorrow’s session. Again I want to emphasize to everyone that maybe there is a connection between getting this budget finalized and passed and the timing of the RV? ...I do not know for a fact but it does seem too coincidental that we know of timeframes when the RV should have gone and didn’t. These timeframes seem to coincide with the same times when the budget was supposed to go before parliament. ...could there be a connection? Coincidental? ...Then we also look at the paying out of the salaries. We know that all the salaries (and other re-occurring debts) must be caught up prior the RV happening. This is part of the agreement set forth to approve the process to move forward.
2-2-2018 Newshound Guru Walkingstick CBI IS GETTING MORE AND MORE CONTROL OF THEIR OWN CURRENCY, AND EVENTUALLY, THE ONLY PLACE THAT YOU WILL BE ABLE TO BUY THE IRAQI DINAR WILL BE FROM A CONTROLLED AREA." THEY ARE NOT TRYING TO HIDE THE MR. IT IS A PROCESS AND IT IS UNFOLDING....THE CBI RIGHT NOW IS SLAMMING THE DOOR ON ANY DOUBT. IT'S A REALITY CHECK ON THE MR OF IRAQ...THINGS ARE MOVING BEHIND THE SCENES AT AN ACCELERATED PACE AND INTENSITY. THEY ARE MUCH FARTHER ALONG, INDICATORS OF WHAT IS TO OCCUR SOON. [post 2 of 2]
2-2-2018 Newshound Guru Walkingstick I NEVER BOTHERED TO TELL YOU ABOUT THESE DEPOSIT OF GUARANTEE, BECAUSE IT WAS IN THE CLASSES WE DID WITH THE PRIVATE BANKS IN THE SUMMER, AND... WHAT YOU ARE READING, WAS DONE A LONG TIME AGO. ...THE DEPOSITORY INSURANCE ACT WHICH WAS PASSED A LONG TIME AGO, PROTECTS THEIR FUNDS...THE MEDIA IS CATCHING UP WITH THE CENTRAL BANKS' ACTIONS OF THE MR,(monetary reform) BUT, I CAN GUARANTEE WHAT THEY ARE TELLING YOU IS GOOD FOR THE MR TO COME OUT FOR THE REINSTATEMENT OF THEIR CURRENCY. MY FIRM, WE'VE BEEN HERE OVER 30 YEARS, WELL OVER 500 EMPLOYEES...MY FIRM HAS ALREADY EXECUTED THIS MONTHS AGO. [post 1 of 2....stay tuned]
2-2-2018 Newshound Guru Kaperoni Article: "Kuwait is considering converting Iraq's compensation to the projects and investments" [If they settle it this way it could be 1 step closer to article VIII.] Not related... Article VIII is based on monetary policy and the IMF. If Kuwait agrees to such a thing the benefit would be with the United Nations Security Council closing the reparations file and any subsequent resolutions.
2-2-2018 Intel Guru Bruce Iraq has been given the go ahead by our Treasury to release their rates for a well over a week now. So far there been some internal changes to the rate. There have been some things done at their banks like lower denominations, pictures put on their websites, the CBI website. They have the lower denominations in the ATMs ready to go. Why hasn’t the rate been put out...my understanding was this rate for Iraq was supposed to show up by last night [Wednesday] at 12 EST, or the United States might not be in position to do any more loans for Iraq or wouldn’t be able to work with the IMF or with the World Bank with future loans until that rate was put out. We were in the understanding last night that we would be ready to go today, February 1st. That just didn’t happen. I do believe from what we understand, there is nothing else in the way. Let’s see what happens.
2-2-2018 Newshound Guru mike Article: "Washington reaffirms its support for the Iraqi economy" Iraq's leadership just don't get it, the US is ready and chomping at the bit to get the TIFA side of the the project moving and all Iraq has to do is pass the legislation for the banks and the economy and get out of the way. But they don't and then complain about it. We're not going to: "give a signal to US companies that Iraq is open for business." It's not true, Iraq still has some heavy lifting to do before the country is open for outside investment. Property rights, business ownership, the currency, the banks and the economy are not attractive to US investment on a large scale if it doesn't pertain to oil, it's just too risky. Your move Abadi.
2-2-2018 Newshound/Intel Guru Mnt Goat So this week once again they discussed controversial issues in the budget in preparation for the formulation of satisfactory parts to all parties to approve the budget, but not yet approved and passed. We have been told this many time before. They expect to pick it back up in tomorrow’s session. Again I want to emphasize to everyone that maybe there is a connection between getting this budget finalized and passed and the timing of the RV? ...I do not know for a fact but it does seem too coincidental that we know of timeframes when the RV should have gone and didn’t. These timeframes seem to coincide with the same times when the budget was supposed to go before parliament. ...could there be a connection? Coincidental? ...Then we also look at the paying out of the salaries. We know that all the salaries (and other re-occurring debts) must be caught up prior the RV happening. This is part of the agreement set forth to approve the process to move forward.
2-2-2018 Newshound Guru Walkingstick CBI IS GETTING MORE AND MORE CONTROL OF THEIR OWN CURRENCY, AND EVENTUALLY, THE ONLY PLACE THAT YOU WILL BE ABLE TO BUY THE IRAQI DINAR WILL BE FROM A CONTROLLED AREA." THEY ARE NOT TRYING TO HIDE THE MR. IT IS A PROCESS AND IT IS UNFOLDING....THE CBI RIGHT NOW IS SLAMMING THE DOOR ON ANY DOUBT. IT'S A REALITY CHECK ON THE MR OF IRAQ...THINGS ARE MOVING BEHIND THE SCENES AT AN ACCELERATED PACE AND INTENSITY. THEY ARE MUCH FARTHER ALONG, INDICATORS OF WHAT IS TO OCCUR SOON. [post 2 of 2]
2-2-2018 Newshound Guru Walkingstick I NEVER BOTHERED TO TELL YOU ABOUT THESE DEPOSIT OF GUARANTEE, BECAUSE IT WAS IN THE CLASSES WE DID WITH THE PRIVATE BANKS IN THE SUMMER, AND... WHAT YOU ARE READING, WAS DONE A LONG TIME AGO. ...THE DEPOSITORY INSURANCE ACT WHICH WAS PASSED A LONG TIME AGO, PROTECTS THEIR FUNDS...THE MEDIA IS CATCHING UP WITH THE CENTRAL BANKS' ACTIONS OF THE MR,(monetary reform) BUT, I CAN GUARANTEE WHAT THEY ARE TELLING YOU IS GOOD FOR THE MR TO COME OUT FOR THE REINSTATEMENT OF THEIR CURRENCY. MY FIRM, WE'VE BEEN HERE OVER 30 YEARS, WELL OVER 500 EMPLOYEES...MY FIRM HAS ALREADY EXECUTED THIS MONTHS AGO. [post 1 of 2....stay tuned]
2-2-2018 Newshound Guru Kaperoni Article: "Kuwait is considering converting Iraq's compensation to the projects and investments" [If they settle it this way it could be 1 step closer to article VIII.] Not related... Article VIII is based on monetary policy and the IMF. If Kuwait agrees to such a thing the benefit would be with the United Nations Security Council closing the reparations file and any subsequent resolutions.
2-2-2018 Intel Guru Bruce Iraq has been given the go ahead by our Treasury to release their rates for a well over a week now. So far there been some internal changes to the rate. There have been some things done at their banks like lower denominations, pictures put on their websites, the CBI website. They have the lower denominations in the ATMs ready to go. Why hasn’t the rate been put out...my understanding was this rate for Iraq was supposed to show up by last night [Wednesday] at 12 EST, or the United States might not be in position to do any more loans for Iraq or wouldn’t be able to work with the IMF or with the World Bank with future loans until that rate was put out. We were in the understanding last night that we would be ready to go today, February 1st. That just didn’t happen. I do believe from what we understand, there is nothing else in the way. Let’s see what happens.
2-2-2018 Newshound Guru mike Article: "Washington reaffirms its support for the Iraqi economy" Iraq's leadership just don't get it, the US is ready and chomping at the bit to get the TIFA side of the the project moving and all Iraq has to do is pass the legislation for the banks and the economy and get out of the way. But they don't and then complain about it. We're not going to: "give a signal to US companies that Iraq is open for business." It's not true, Iraq still has some heavy lifting to do before the country is open for outside investment. Property rights, business ownership, the currency, the banks and the economy are not attractive to US investment on a large scale if it doesn't pertain to oil, it's just too risky. Your move Abadi.
2-1-2018 Newshound/Intel Guru BGG Article quote: ”Those countries will not give Iraq a single dirham, because the government and the conservatives are accused of corruption,” he said…" This might explain the less-than-luke-warm response Abadi got while at Davos.
2-1-2018 Intel Guru RayRen98 The CBI announced retiree and pension payments will commence on February 1. A schedule of payments has been published for February 4 through February 8, 2018. PM Abadi was on Iraqi TV stating to Parliament that the international world would not be supportive without the approval of the 2018 Budget. There appears to be a sense of urgency to get this completed.
2-1-2018 Newshound/Intel Guru BGG [...they are expecting somewhere around 100 in MPs to lose their job come elections because of corruption. Do you think the RV might happen after May because of this reason?] 1) I highly doubt MP’s lose their jobs at election time DUE TO corruption. That’s not how it works over there...It is unlikely voters will simply vote them out – or that they won’t be allowed to run. 2) This community – the Dinar community, has a bad habit of connecting every trend, article or piece of news directly to monetary reform (an RV, in other words). It doesn’t have to be so. We should be a little more observant and a little slower to make that LEAP in assumption. None of the items regularly discussed “have to be” dependent on one another. All can happen at any time, together, in parallel, before or after. ...If (and I am hopeful it won’t) this goes past the elections, it’s likely for a whole host of other reasons.
2-1-2018 Newshound Guru Enorrste Article: "Central Bank: Signing a contract to establish a deposit guarantee company with 44 banks" I sense that the IMF is still in the background pushing Iraq forward slowly. Like KAP [Guru Kaperoni] I'm reluctant to get too excited until we see this actually implemented and deposits start to flow into the banks.
2-1-2018 Newshound/Intel Guru Mnt Goat Article: "AL-ABBADI RETURNED DISAPPOINTED WITH DAVOS AFTER HEARING HARSH WORDS" Quote: "ABADI FACES A GREAT CHALLENGE IN PERSUADING FOREIGN DONORS AND INVESTORS TO WORK IN IRAQ IN LIGHT OF THE SPREAD OF CORRUPTION AND LACK OF POLITICAL AND ECONOMIC GUARANTEES" Investors don’t want to lose their invest in Iraq by corruption. Maybe they need to move to the currency reform as this too might show sincerity in making progress in the reform direction? It is time to trigger this effort.
2-1-2018 Newshound Guru G-Lin Article: "CBI Signature of the deposit guarantee company" Quote: "In accordance with the duties of the Central Bank of Iraq provided for in its law and in order to ensure the stability of the banking sector and increase confidence in it, "the contract of establishment of the bank deposit guarantee company was signed with the founding body". This is CBI taking action on a law that was already in place. I have to assume that by the signing of this Doc between the banks and the company providing the insurance for the deposits, this was implemented today. Very much like our FDIC. This is huge news. Investors and the public will now feel safer with their money in the banks. Iraq needed to do this before the Kuwait extravaganza and also it will pull that mattress money out of hiding.
2-1-2018 Newshound/Intel Guru BGG Article: "Abadi of parliament: the international community will not help Iraq if the budget is not approved" Oh wow. We’ll this pretty much spells it out. However, keep in mind – this is likely Abadi talking TO his Parliament, urging them to adopt their budget. When I initially started down this line of reasoning, I had no idea international sentiment was as tough as it appears to be. WOW! The UN, IMF and WB all appear to want to support Iraq in the worst way – but it also very much appears there are results that are yet required. P.S. This might also explain this very direct, “hands on” push by Abadi to get the budget done. We wait and watch.
2-1-2018 Intel Guru RayRen98 It’s the end of the month at midnight [Wednesday], and anything could happen at any time, but the general expectation is that the sky would open up on the 31st. It hasn’t happened, but rates are being changed and progress is being made. Dealers are adjusting their prices on their currencies, slowly. Some of the things we anticipated would happen over night seem to be happening over time.
2-1-2018 Intel Guru RayRen98 The CBI announced retiree and pension payments will commence on February 1. A schedule of payments has been published for February 4 through February 8, 2018. PM Abadi was on Iraqi TV stating to Parliament that the international world would not be supportive without the approval of the 2018 Budget. There appears to be a sense of urgency to get this completed.
2-1-2018 Newshound/Intel Guru BGG [...they are expecting somewhere around 100 in MPs to lose their job come elections because of corruption. Do you think the RV might happen after May because of this reason?] 1) I highly doubt MP’s lose their jobs at election time DUE TO corruption. That’s not how it works over there...It is unlikely voters will simply vote them out – or that they won’t be allowed to run. 2) This community – the Dinar community, has a bad habit of connecting every trend, article or piece of news directly to monetary reform (an RV, in other words). It doesn’t have to be so. We should be a little more observant and a little slower to make that LEAP in assumption. None of the items regularly discussed “have to be” dependent on one another. All can happen at any time, together, in parallel, before or after. ...If (and I am hopeful it won’t) this goes past the elections, it’s likely for a whole host of other reasons.
2-1-2018 Newshound Guru Enorrste Article: "Central Bank: Signing a contract to establish a deposit guarantee company with 44 banks" I sense that the IMF is still in the background pushing Iraq forward slowly. Like KAP [Guru Kaperoni] I'm reluctant to get too excited until we see this actually implemented and deposits start to flow into the banks.
2-1-2018 Newshound/Intel Guru Mnt Goat Article: "AL-ABBADI RETURNED DISAPPOINTED WITH DAVOS AFTER HEARING HARSH WORDS" Quote: "ABADI FACES A GREAT CHALLENGE IN PERSUADING FOREIGN DONORS AND INVESTORS TO WORK IN IRAQ IN LIGHT OF THE SPREAD OF CORRUPTION AND LACK OF POLITICAL AND ECONOMIC GUARANTEES" Investors don’t want to lose their invest in Iraq by corruption. Maybe they need to move to the currency reform as this too might show sincerity in making progress in the reform direction? It is time to trigger this effort.
2-1-2018 Newshound Guru G-Lin Article: "CBI Signature of the deposit guarantee company" Quote: "In accordance with the duties of the Central Bank of Iraq provided for in its law and in order to ensure the stability of the banking sector and increase confidence in it, "the contract of establishment of the bank deposit guarantee company was signed with the founding body". This is CBI taking action on a law that was already in place. I have to assume that by the signing of this Doc between the banks and the company providing the insurance for the deposits, this was implemented today. Very much like our FDIC. This is huge news. Investors and the public will now feel safer with their money in the banks. Iraq needed to do this before the Kuwait extravaganza and also it will pull that mattress money out of hiding.
2-1-2018 Newshound/Intel Guru BGG Article: "Abadi of parliament: the international community will not help Iraq if the budget is not approved" Oh wow. We’ll this pretty much spells it out. However, keep in mind – this is likely Abadi talking TO his Parliament, urging them to adopt their budget. When I initially started down this line of reasoning, I had no idea international sentiment was as tough as it appears to be. WOW! The UN, IMF and WB all appear to want to support Iraq in the worst way – but it also very much appears there are results that are yet required. P.S. This might also explain this very direct, “hands on” push by Abadi to get the budget done. We wait and watch.
2-1-2018 Intel Guru RayRen98 It’s the end of the month at midnight [Wednesday], and anything could happen at any time, but the general expectation is that the sky would open up on the 31st. It hasn’t happened, but rates are being changed and progress is being made. Dealers are adjusting their prices on their currencies, slowly. Some of the things we anticipated would happen over night seem to be happening over time.
1-31-2018 Newshound/Intel Guru Mnt Goat I am still being told we will see the RV maybe sometime today as the day is not yet over. Personally I don’t see how this may be possible since the CBI just told us the Rafidian bank has a target not even to begin to pay the January pensions and retirements until Feb 1st. So if I were you I would not expect it anything until at least next week. We know these debts must be all caught before the RV can be moved to the next level.
1-31-2018 Newshound Guru Adam Montana Not sure if anyone noticed, but this has been a great week for Dinar. I know, the price didn't move. We're not at our "Post RV" destination right now, and that's a bummer for some people. But let's get real... back to the basics. Did you see anything BAD about IQD this week? I didn't think so. How many weeks in a row is it possible that I can say that? More importantly... how many weeks in a row can that be said without something breaking?!! We're close. It's only a matter of time, a practice in patience, and some sweet sweet victory soon...It's going to happen, and no amount of analyzation or hypothesizing on my part will change it.
1-31-2018 Newshound Guru chattels A red letter day in Iraqi banking reform. Article: "Central Bank: Signing a contract to establish a deposit guarantee company with 44 banks" Quotes: "It is expected that this company will play a major role in protecting the banking sector..." "the company's capital is 100 billion dinars, of which 55 billion dinars from government and private banks where the proportion of government banks 25% and private banks 30% and the remaining 45 billion dinars will be put for public subscription." [This is good news. Am I reading this right that the Deposit Insurance program's funding is $84 million dollars, or 100 billion dollars?] My read on the text is that it is 100 billion dinar (or 84 million dollars ?), of which 55 billion or 55 % is from the government (30%) and private banks (25%) and the remaining 45 billion (45%) will be sold to the public.
1-31-2018 Intel Guru Bruce ...I am very pleased the community...and myself finally are seeing the rates coming together at about the same level... rates much higher in most cases...That took awhile for that to happen... ...our contact in Iraq, one of our contacts, is saying that he needs to be completely silent tomorrow [Wednesday]... I wonder if that might be or could be they may use that time of silence to put out the rate and actually make it publicly known. That is what I hope will take place. That is something that we heard about and we know will be the case, and we are excited about seeing that. [post 2 of 2]
1-31-2018 Intel Guru Bruce First of all we are very close. We are so close that the Intel that we normally get is very light. There have been some Table Top meetings that have gone on in major cities in Europe and the US... We know there is a lot to give us hope that this is the very end of the ride. We are almost at the end of the month. We could expect some great things here very shortly. I know when it comes to rates...We have bank sources and people that are seeing the screens. I am excited... [post 1 of 2....stay tuned]
1-31-2018 Intel Guru Dr. Clarke Could the CBI actually print Publicly, on it’s website, a Dinar Rate of at least $1.00 - 1 Dinar, FEBRUARY 1, 2018? Did someone say, “This Will ALL Be Over, by FEBRUARY 28, 2018?” We don’t Know...We were just Asking? Maybe someone else knows?...“IL-LOGICALLY” of course.
1-31-2018 Newshound/Intel Guru Mnt Goat We have to be mentally prepared for this possibly to extend out a few more days or even a week if Iraq does not rollout everything on time, as the process dictates. You know Iraq they hardly every complete anything on time… We also know the Finance Ministry wants this by the end of January in order to start the new fiscal year with the new rate and then move into the new accounting procedures that allow for periodic market adjustments. Yes- they have a brand new automated electronic computer based system for this purpose. It is all tied into tracking the budget expenditures – budgeted to actuals...I was told they are still on target.
1-31-2018 Newshound Guru Kaperoni Article: "Financial expert for "Economy News": Rising oil prices helped lower dollar exchange rates " Sounds like the spread is going down. 1237 to $1.
1-31-2018 Newshound Guru Adam Montana Not sure if anyone noticed, but this has been a great week for Dinar. I know, the price didn't move. We're not at our "Post RV" destination right now, and that's a bummer for some people. But let's get real... back to the basics. Did you see anything BAD about IQD this week? I didn't think so. How many weeks in a row is it possible that I can say that? More importantly... how many weeks in a row can that be said without something breaking?!! We're close. It's only a matter of time, a practice in patience, and some sweet sweet victory soon...It's going to happen, and no amount of analyzation or hypothesizing on my part will change it.
1-31-2018 Newshound Guru chattels A red letter day in Iraqi banking reform. Article: "Central Bank: Signing a contract to establish a deposit guarantee company with 44 banks" Quotes: "It is expected that this company will play a major role in protecting the banking sector..." "the company's capital is 100 billion dinars, of which 55 billion dinars from government and private banks where the proportion of government banks 25% and private banks 30% and the remaining 45 billion dinars will be put for public subscription." [This is good news. Am I reading this right that the Deposit Insurance program's funding is $84 million dollars, or 100 billion dollars?] My read on the text is that it is 100 billion dinar (or 84 million dollars ?), of which 55 billion or 55 % is from the government (30%) and private banks (25%) and the remaining 45 billion (45%) will be sold to the public.
1-31-2018 Intel Guru Bruce ...I am very pleased the community...and myself finally are seeing the rates coming together at about the same level... rates much higher in most cases...That took awhile for that to happen... ...our contact in Iraq, one of our contacts, is saying that he needs to be completely silent tomorrow [Wednesday]... I wonder if that might be or could be they may use that time of silence to put out the rate and actually make it publicly known. That is what I hope will take place. That is something that we heard about and we know will be the case, and we are excited about seeing that. [post 2 of 2]
1-31-2018 Intel Guru Bruce First of all we are very close. We are so close that the Intel that we normally get is very light. There have been some Table Top meetings that have gone on in major cities in Europe and the US... We know there is a lot to give us hope that this is the very end of the ride. We are almost at the end of the month. We could expect some great things here very shortly. I know when it comes to rates...We have bank sources and people that are seeing the screens. I am excited... [post 1 of 2....stay tuned]
1-31-2018 Intel Guru Dr. Clarke Could the CBI actually print Publicly, on it’s website, a Dinar Rate of at least $1.00 - 1 Dinar, FEBRUARY 1, 2018? Did someone say, “This Will ALL Be Over, by FEBRUARY 28, 2018?” We don’t Know...We were just Asking? Maybe someone else knows?...“IL-LOGICALLY” of course.
1-31-2018 Newshound/Intel Guru Mnt Goat We have to be mentally prepared for this possibly to extend out a few more days or even a week if Iraq does not rollout everything on time, as the process dictates. You know Iraq they hardly every complete anything on time… We also know the Finance Ministry wants this by the end of January in order to start the new fiscal year with the new rate and then move into the new accounting procedures that allow for periodic market adjustments. Yes- they have a brand new automated electronic computer based system for this purpose. It is all tied into tracking the budget expenditures – budgeted to actuals...I was told they are still on target.
1-31-2018 Newshound Guru Kaperoni Article: "Financial expert for "Economy News": Rising oil prices helped lower dollar exchange rates " Sounds like the spread is going down. 1237 to $1.
1-30-2018 Newshound Guru MilitiaMan Article: "US Deputy Secretary of State: We are committed to Iraq with the strategic framework agreement" Quote: "Announced that the US State Department on Tuesday January 30, 2018, a summary of deputy Minister John Sullivan meetings in Iraq, as he stressed his country 's commitment to "strategic framework agreement" with Iraq, " Looks like they are sealing the deal for everyone to get the picture. They mean business. They didn't do all this work for nothing. They are doing it all for the Foreign investors. They will need a trade-able international rate a PROVEN one... eos.
1-30-2018 Intel Guru Frank26 Article: "Al-Abbadi returned disappointed with Davos after hearing harsh words" Quote: "...Abadi faces a great challenge in persuading foreign donors and investors to work in Iraq in light of the spread of corruption and lack of political and economic guarantees." [...could Abadi wait until after the Kuwait conference mid Feb to get more interest from those attending before they pull the trigger...in light of the recent article...on Abadi returning to Iraq disappointed by lack of interest from Davos in Iraq.] THE POSSIBILITY IS LOGICAL...BUT I GIVE NO DATE...WE TAKE ONE INCH...ONE DAY AT A TIME. BECAUSE ALL OF THE 3 HEADED MONSTER'S REQUIREMENTS ARE DONE...ALL UP TO ABADI WHEN TO... LAUNCH...HENCE WE WAIT.
1-30-2018 Intel Guru Blaino We're still getting rate updates and other news that gives us the strong impression that exchanges may be closer than ever. Rates across the board are on the rise if the rumors are to be believed and yet there is never any confirmation from any official source which can here be posted and stand up to any kind of vetting process.
1-30-2018 Intel Guru Delta Article: "The United States is preparing to activate the framework of the trade and investment agreement with Iraq" Quote: "The United States promised to activate the framework of the trade and investment agreement with Iraq, stressing its support for strengthening ties between the two countries to build a multi-dimensional relationship through trade, education...and others." US CAN'T ACTIVATE TRADE WITHOUT RATE...WOWWW...
1-30-2018 Newshound/Intel Guru Mnt Goat [We were told they already determined the rate and a date.] Yes they do have a target date in mind to complete the process but the rate is yet not finalized. Yes, they do have a general ball park figure but until it comes out and they finish with this process, I don’t even think they know. ...We have to wait and see. The important part is this process is VERY, VERY near completion and we are very close to the conversion completion and the lower category notes being launched. Once they do this there is no turning back. It is now only a couple days remaining in January. I was told we would see this in January and I am still sticking to this until they tell me otherwise. [post 3 of 3]
1-30-2018 Newshound/Intel Guru Mnt Goat ...in late December they requested the re-instatement and it was approved and began moving forward. However, this was conditional upon fulfilling mandates agreed to as part of the SDA (stand by agreement)...Part of the mandates was to pay all outstanding debts. This was completed last week for worker’s salaries but not for retirees and pensions. This is now the last piece to the puzzle. I suspect one of the major banks will be paying these out this week. So now we see the CBI is slowly adjusting to a new rate as they slowly complete the payrolls to the citizens. Note I did not say Iraq is rolling out a new rate. [So when will we see the rate on FOREX?] This is not now possible since thru this “adjustment” process they are determining the rate the economy can initially withstand. Once this is determined AND they completed all other mandatory tasks they will move the rate to FOREX. By they I mean the US Treasury who has control over this system. [post 2 of 3....stay tuned]
1-30-2018 Newshound/Intel Guru Mnt Goat The process is moving so quickly. Sometimes I still think Iraq is trying to buy time, as we are seeing repeat articles once again on the paying of some salaries. These have fresh dates on them but we know they are old and this business is already taken care of. So this is one concern I have. The other concern is the passing of the 2018 budget and the Article 140. ...The budget is yet another one I am trying to figure out. I think perhaps the stalling for time is related to this issue. In the past
I told you that when the re-instatement occurs it will happen first in Iraq. Iraq will go to 1:1... ONLY within Iraq. They are not lopping the zeros off for currency outside of Iraq. We are living outside Iraq and will exchange our dinar for a global currency exchange rate such as on FOREX. [post 1 of 3....stay tuned]
1-30-2018 Intel/Newshound Guru Angelquest Article: "Did the international community in Davos abandon the reconstruction of Iraq?" Time to put your big boy pants on now Abadi, get the budget taken care of, get the bad guys put in jail, and know it is time for Iraq to stand on it's own 2 feet just like everyone else. The international community wants a stable government before they invest, not a maybe elections in May, maybe pass the budget, maybe prosecute the bad guys maybe not. I wouldn't want my money tied up in Iraq until there are major changes. I think this will be a major wake up call for Abadi and Iraq.
1-30-2018 Newshound/Intel Guru BGG Article: “Associated Press: Donor countries will ask Iraq guarantees not to go to corrupt money” This is EXACTLY the case I have been laying out. Abadi is on a roll – but he needs to keep rolling!! [reference Guru mike post 1-28-2018]
1-30-2018 Newshound Guru mike Article quote: "...confirmed that Iraq imports 99 percent of its needs, indicating it is estimated at 50 billion dollars." Iraq is relying on the Balassa-Samuelson effect in order to slowly raise the value of the dinar that exports create. There won't be any demand for the dinar if they don't stop importing everything they consume and start creating their own goods.
1-30-2018 Intel Guru Frank26 Article: "Al-Abbadi returned disappointed with Davos after hearing harsh words" Quote: "...Abadi faces a great challenge in persuading foreign donors and investors to work in Iraq in light of the spread of corruption and lack of political and economic guarantees." [...could Abadi wait until after the Kuwait conference mid Feb to get more interest from those attending before they pull the trigger...in light of the recent article...on Abadi returning to Iraq disappointed by lack of interest from Davos in Iraq.] THE POSSIBILITY IS LOGICAL...BUT I GIVE NO DATE...WE TAKE ONE INCH...ONE DAY AT A TIME. BECAUSE ALL OF THE 3 HEADED MONSTER'S REQUIREMENTS ARE DONE...ALL UP TO ABADI WHEN TO... LAUNCH...HENCE WE WAIT.
1-30-2018 Intel Guru Blaino We're still getting rate updates and other news that gives us the strong impression that exchanges may be closer than ever. Rates across the board are on the rise if the rumors are to be believed and yet there is never any confirmation from any official source which can here be posted and stand up to any kind of vetting process.
1-30-2018 Intel Guru Delta Article: "The United States is preparing to activate the framework of the trade and investment agreement with Iraq" Quote: "The United States promised to activate the framework of the trade and investment agreement with Iraq, stressing its support for strengthening ties between the two countries to build a multi-dimensional relationship through trade, education...and others." US CAN'T ACTIVATE TRADE WITHOUT RATE...WOWWW...
1-30-2018 Newshound/Intel Guru Mnt Goat [We were told they already determined the rate and a date.] Yes they do have a target date in mind to complete the process but the rate is yet not finalized. Yes, they do have a general ball park figure but until it comes out and they finish with this process, I don’t even think they know. ...We have to wait and see. The important part is this process is VERY, VERY near completion and we are very close to the conversion completion and the lower category notes being launched. Once they do this there is no turning back. It is now only a couple days remaining in January. I was told we would see this in January and I am still sticking to this until they tell me otherwise. [post 3 of 3]
1-30-2018 Newshound/Intel Guru Mnt Goat ...in late December they requested the re-instatement and it was approved and began moving forward. However, this was conditional upon fulfilling mandates agreed to as part of the SDA (stand by agreement)...Part of the mandates was to pay all outstanding debts. This was completed last week for worker’s salaries but not for retirees and pensions. This is now the last piece to the puzzle. I suspect one of the major banks will be paying these out this week. So now we see the CBI is slowly adjusting to a new rate as they slowly complete the payrolls to the citizens. Note I did not say Iraq is rolling out a new rate. [So when will we see the rate on FOREX?] This is not now possible since thru this “adjustment” process they are determining the rate the economy can initially withstand. Once this is determined AND they completed all other mandatory tasks they will move the rate to FOREX. By they I mean the US Treasury who has control over this system. [post 2 of 3....stay tuned]
1-30-2018 Newshound/Intel Guru Mnt Goat The process is moving so quickly. Sometimes I still think Iraq is trying to buy time, as we are seeing repeat articles once again on the paying of some salaries. These have fresh dates on them but we know they are old and this business is already taken care of. So this is one concern I have. The other concern is the passing of the 2018 budget and the Article 140. ...The budget is yet another one I am trying to figure out. I think perhaps the stalling for time is related to this issue. In the past
I told you that when the re-instatement occurs it will happen first in Iraq. Iraq will go to 1:1... ONLY within Iraq. They are not lopping the zeros off for currency outside of Iraq. We are living outside Iraq and will exchange our dinar for a global currency exchange rate such as on FOREX. [post 1 of 3....stay tuned]
1-30-2018 Intel/Newshound Guru Angelquest Article: "Did the international community in Davos abandon the reconstruction of Iraq?" Time to put your big boy pants on now Abadi, get the budget taken care of, get the bad guys put in jail, and know it is time for Iraq to stand on it's own 2 feet just like everyone else. The international community wants a stable government before they invest, not a maybe elections in May, maybe pass the budget, maybe prosecute the bad guys maybe not. I wouldn't want my money tied up in Iraq until there are major changes. I think this will be a major wake up call for Abadi and Iraq.
1-30-2018 Newshound/Intel Guru BGG Article: “Associated Press: Donor countries will ask Iraq guarantees not to go to corrupt money” This is EXACTLY the case I have been laying out. Abadi is on a roll – but he needs to keep rolling!! [reference Guru mike post 1-28-2018]
1-30-2018 Newshound Guru mike Article quote: "...confirmed that Iraq imports 99 percent of its needs, indicating it is estimated at 50 billion dollars." Iraq is relying on the Balassa-Samuelson effect in order to slowly raise the value of the dinar that exports create. There won't be any demand for the dinar if they don't stop importing everything they consume and start creating their own goods.
1-29-2018 Intel/Newshound Guru Angelquest Article: "Deputy: The government has completed the file of participation in the donor conference and the budget must be passed before it is held. . the budget must be ready and voted before the conference" Abadi hasn't pushed the budget AT ALL - for Oct, Nov, Dec, Jan.. I think he's ready... and that's VERY VERY suspicious that he hasn't.. which makes me think the rate is in it...and...I'm thinking he lowered the Kurds to 12% months ago - intentionally, possibly, just knowing the hoopla it would cause - such as no quorum, etc.. makes sense to me - cuz - he didn't want that budget seen, or done, or voted yet.. so - tossed a wrench in it on purpose.
1-29-2018 Newshound Guru Breitling …If they can’t get it ladies and gentlemen, you’ll see this thing revalue overnight because they don’t have any other options. If they get the $100 billion they’ll still revalue their currency but it’s going to be a different revaluation…the way they stage it. It’s not going away so don’t panic… They need to see if they can get the $100 billion dollars. They need to see how low the oil prices are going to drop. There is no “weeks” or special language you need to know. They don’t even know…they don’t know what’s going to happen in the markets… [Post 2 of 2]
1-29-2018 Newshound Guru mike Article: "The House of Representatives ends the first reading of the federal budget" Quote: "The Board completed the first reading of the draft law on the federal budget for the year 2018 for approval, after which decided to resume the session on Wednesday." Good stuff, on to the second reading.
1-29-2018 Newshound Guru Breitling If you look at Iraq…remember they keep the value of the currency where it’s at. It’s one of the most manipulated currencies on the planet. They’re trying to build their infrastructure cheap. At the same time they’re trying to build up their production of oil…there’s 100 Billion dollars worth of infrastructure they have to rebuild…Iraq sees they need to raise 100 Billion dollars…it’s a test. They want to see if they can get it. [Post 1 of 2]
1-29-2018 Intel Guru RayRen98 It was reported that the rate is 1:1 in-country, and we had multiples of that so it’s pretty solid. Campaign on the billboards about lower denom's to "not discard them." Reports of some lower denom's actually slipping out. They are being trained to hold onto the lower denominations so that they can use them when the time is right. Information on bank screens going upwards, now going back down. Fluctuating. As long as they are on the screens, that is the most important thing. CURRENT WINDOW: Supposed to be the 30th -31st.
1-29-2018 Newshound Guru chattels Article: "The Central Bank of Iraq, announced its investment in the Chinese currency [Yuan]." Quote: "The bank is keen to diversify its foreign reserves and diversify the basket of currencies in the investment portfolios, as well as the geographical distribution of the investments of this bank." The Central Bank of Iraq, announced its investment in the Chinese currency [Yuan].
1-29-2018 Newshound Guru Kaperoni Article: "Washington and Baghdad have a common political and SBI establishes economic interests" Quote: "The meeting also emphasized the importance of the US-Iraqi economic relations and attracting foreign investment to Iraq and create new jobs." Here is a great example of Iraq asking for something that they are not ready for. They need to get the banking system engaged with the world and get investors participating in the reconstruction. Then and only then will these agreements succeed.
1-29-2018 Newshound Guru mike Article: "Vice: Government Completes participating donor conference and the budget must be passed before the file held" Time is a commodity for these guys, they better get busy. The problem is there are deep cuts in the budget that will directly effect the common man in Iraq and no one wants to be a part of budget cuts this close to an election. Another problem is that Iraq has this Kuwaiti donor deal to get to next month and they need the budget to beg for money. They've painted themselves in a corner, from a corrupt official's point of view. Pass the budget and face the consequences at the polls or risk getting nothing from the donor conference. Let's see how they wriggle out of this one.
1-29-2018 Newshound Guru Breitling …If they can’t get it ladies and gentlemen, you’ll see this thing revalue overnight because they don’t have any other options. If they get the $100 billion they’ll still revalue their currency but it’s going to be a different revaluation…the way they stage it. It’s not going away so don’t panic… They need to see if they can get the $100 billion dollars. They need to see how low the oil prices are going to drop. There is no “weeks” or special language you need to know. They don’t even know…they don’t know what’s going to happen in the markets… [Post 2 of 2]
1-29-2018 Newshound Guru mike Article: "The House of Representatives ends the first reading of the federal budget" Quote: "The Board completed the first reading of the draft law on the federal budget for the year 2018 for approval, after which decided to resume the session on Wednesday." Good stuff, on to the second reading.
1-29-2018 Newshound Guru Breitling If you look at Iraq…remember they keep the value of the currency where it’s at. It’s one of the most manipulated currencies on the planet. They’re trying to build their infrastructure cheap. At the same time they’re trying to build up their production of oil…there’s 100 Billion dollars worth of infrastructure they have to rebuild…Iraq sees they need to raise 100 Billion dollars…it’s a test. They want to see if they can get it. [Post 1 of 2]
1-29-2018 Intel Guru RayRen98 It was reported that the rate is 1:1 in-country, and we had multiples of that so it’s pretty solid. Campaign on the billboards about lower denom's to "not discard them." Reports of some lower denom's actually slipping out. They are being trained to hold onto the lower denominations so that they can use them when the time is right. Information on bank screens going upwards, now going back down. Fluctuating. As long as they are on the screens, that is the most important thing. CURRENT WINDOW: Supposed to be the 30th -31st.
1-29-2018 Newshound Guru chattels Article: "The Central Bank of Iraq, announced its investment in the Chinese currency [Yuan]." Quote: "The bank is keen to diversify its foreign reserves and diversify the basket of currencies in the investment portfolios, as well as the geographical distribution of the investments of this bank." The Central Bank of Iraq, announced its investment in the Chinese currency [Yuan].
1-29-2018 Newshound Guru Kaperoni Article: "Washington and Baghdad have a common political and SBI establishes economic interests" Quote: "The meeting also emphasized the importance of the US-Iraqi economic relations and attracting foreign investment to Iraq and create new jobs." Here is a great example of Iraq asking for something that they are not ready for. They need to get the banking system engaged with the world and get investors participating in the reconstruction. Then and only then will these agreements succeed.
1-29-2018 Newshound Guru mike Article: "Vice: Government Completes participating donor conference and the budget must be passed before the file held" Time is a commodity for these guys, they better get busy. The problem is there are deep cuts in the budget that will directly effect the common man in Iraq and no one wants to be a part of budget cuts this close to an election. Another problem is that Iraq has this Kuwaiti donor deal to get to next month and they need the budget to beg for money. They've painted themselves in a corner, from a corrupt official's point of view. Pass the budget and face the consequences at the polls or risk getting nothing from the donor conference. Let's see how they wriggle out of this one.
1-28-2018 Intel Guru Delta [If Iraq TV is saying 1-1 then why is the western media not picking up on this...?] UNTIL CBI ANNOUNCE IT OFFICIALLY...NO WESTERN MEDIA WILL REPORT IT... [If the CBI does it, but has not announced it, does that make it official enough to talk about?] NO...CBI HAS TO ANNOUNCE IT OFFICIALLY ON THEIR SITE!!!
1-28-2018 Newshound/Intel Guru BGG I am hoping the hold-up isn’t that for Abadi to prosecute Malik he will have to implicate himself. In any case, with the somewhat tepid response Abadi got from world financial leaders at Davos, he may have to reconsider his previous positions on the timing for prosecuting the major corruption players in Iraqi. The world isn’t messing around. They have pledged their support. They want to bring Iraq fully into the world market “fold”. However, they don’t appear fooled by rhetoric, nor do I imagine they interested in allowing a thug like Maliki any further hand in damaging world affairs. Abadi needs to continue producing results. We wait and watch. [post 3 of 3]
1-28-2018 Newshound/Intel Guru BGG ...one article from last week caused me a little concern, it mentioned Abadi might wait until after the elections to go after “the whales of corruption” (or something along those lines) so it didn’t look like he was doing it for “electoral purposes”. This troubles me some. It seems like a tidy excuse. The opinion article...today somewhat seeks to goad him into this fight. It might even be hitting on a key point – “Is this all for show”? As in, “election cycle propaganda”. One question I have long had is, “why has it taken this long”? ...If Maliki is as corrupt as he is rumored to be, evidence cannot be in short supply… [post 2 of 3....stay tuned]
1-28-2018 Newshound/Intel Guru BGG Article: "Abadi’s war against corruption must begin with Maliki and his henchmen" When I first started hearing these reports out of Baghdad about this grand “war on corruption” Abadi has planned I was hopeful. I still am. However, there is much to consider. Far more than meets the eye. This push has been going on since before the end of the fight for Mosul. Abadi started laying out his agenda then. However... [post 1 of 3....stay tuned]
1-28-2018 Newshound Guru mike Article: "Iraq’s parliament has approved Prime Minister Haider al-Abadi's proposal to hold legislative elections May 12." ...a couple things popped out to me: "Parliament Speaker Saleem al-Jubouri, leader of the Islamic Party, the Iraqi branch of the Muslim Brotherhood" and this: "Many Iraqis blame political Islam for the tragedies and corruption plaguing their country, as the Islamists have held the reins of power since 2005." These elections are going to be something completely different than what we've seen in the past.
1-28-2018 Intel Guru Delta CBI Document: "...January 28, 2018...To all licensed banks and brokerage companies for the sale and purchase of all foreign currencies (opening an account)" WOW VERY NICE... I WILL WAIT FOR FRANKIE [GURU FRANK26] BUT I WILL SAY THIS FOR NOW...IT LOOKS LIKE WE MIGHT HAVE A DATE BASED ON THIS INFO...
1-28-2018 Intel Guru Frank26 [...what do you think of Guru Deltas news. Pretty exciting...] I THINK IT IS...INVIGORATING!!! Email quote: "For the foreseeable future we are going to see a very volatile Iraqi Dinar market due to a system wide shortage." NOTE: EVEN THE BROKERS COPY AND STEAL FROM US...LAST WEEK WE TOLD YOU THE DINAR WOULD BE A... "VOLATILE MARKET"...TODAY THEY TOLD YOU...THE SAME!!! [reference Guru Delta post 1-27-2018]
1-28-2018 Newshound Guru mike Article: "Associated Press: Donor countries will ask Iraq guarantees not to go to corrupt money" Quote: "Iraq hopes to get billions of dollars during the donors' conference to be held next month to finance reconstruction after the war in charge against al-Daesh campaign, but many fear rampant corruption in the country, which would undermine the this appeal." ...Iraq has already been through this, in 2003 billions of dollars were needed and instead of it going towards infrastructure, it went into the corrupt politicians pockets, which is the point of the article. Corruption will be the main deterrent to investment in Iraq, it's not a level playing field and there's no open market economy. In the end, it's just my opinion, we'll wait and see what happens after the conference.
1-28-2018 Newshound/Intel Guru BGG I am hoping the hold-up isn’t that for Abadi to prosecute Malik he will have to implicate himself. In any case, with the somewhat tepid response Abadi got from world financial leaders at Davos, he may have to reconsider his previous positions on the timing for prosecuting the major corruption players in Iraqi. The world isn’t messing around. They have pledged their support. They want to bring Iraq fully into the world market “fold”. However, they don’t appear fooled by rhetoric, nor do I imagine they interested in allowing a thug like Maliki any further hand in damaging world affairs. Abadi needs to continue producing results. We wait and watch. [post 3 of 3]
1-28-2018 Newshound/Intel Guru BGG ...one article from last week caused me a little concern, it mentioned Abadi might wait until after the elections to go after “the whales of corruption” (or something along those lines) so it didn’t look like he was doing it for “electoral purposes”. This troubles me some. It seems like a tidy excuse. The opinion article...today somewhat seeks to goad him into this fight. It might even be hitting on a key point – “Is this all for show”? As in, “election cycle propaganda”. One question I have long had is, “why has it taken this long”? ...If Maliki is as corrupt as he is rumored to be, evidence cannot be in short supply… [post 2 of 3....stay tuned]
1-28-2018 Newshound/Intel Guru BGG Article: "Abadi’s war against corruption must begin with Maliki and his henchmen" When I first started hearing these reports out of Baghdad about this grand “war on corruption” Abadi has planned I was hopeful. I still am. However, there is much to consider. Far more than meets the eye. This push has been going on since before the end of the fight for Mosul. Abadi started laying out his agenda then. However... [post 1 of 3....stay tuned]
1-28-2018 Newshound Guru mike Article: "Iraq’s parliament has approved Prime Minister Haider al-Abadi's proposal to hold legislative elections May 12." ...a couple things popped out to me: "Parliament Speaker Saleem al-Jubouri, leader of the Islamic Party, the Iraqi branch of the Muslim Brotherhood" and this: "Many Iraqis blame political Islam for the tragedies and corruption plaguing their country, as the Islamists have held the reins of power since 2005." These elections are going to be something completely different than what we've seen in the past.
1-28-2018 Intel Guru Delta CBI Document: "...January 28, 2018...To all licensed banks and brokerage companies for the sale and purchase of all foreign currencies (opening an account)" WOW VERY NICE... I WILL WAIT FOR FRANKIE [GURU FRANK26] BUT I WILL SAY THIS FOR NOW...IT LOOKS LIKE WE MIGHT HAVE A DATE BASED ON THIS INFO...
1-28-2018 Intel Guru Frank26 [...what do you think of Guru Deltas news. Pretty exciting...] I THINK IT IS...INVIGORATING!!! Email quote: "For the foreseeable future we are going to see a very volatile Iraqi Dinar market due to a system wide shortage." NOTE: EVEN THE BROKERS COPY AND STEAL FROM US...LAST WEEK WE TOLD YOU THE DINAR WOULD BE A... "VOLATILE MARKET"...TODAY THEY TOLD YOU...THE SAME!!! [reference Guru Delta post 1-27-2018]
1-28-2018 Newshound Guru mike Article: "Associated Press: Donor countries will ask Iraq guarantees not to go to corrupt money" Quote: "Iraq hopes to get billions of dollars during the donors' conference to be held next month to finance reconstruction after the war in charge against al-Daesh campaign, but many fear rampant corruption in the country, which would undermine the this appeal." ...Iraq has already been through this, in 2003 billions of dollars were needed and instead of it going towards infrastructure, it went into the corrupt politicians pockets, which is the point of the article. Corruption will be the main deterrent to investment in Iraq, it's not a level playing field and there's no open market economy. In the end, it's just my opinion, we'll wait and see what happens after the conference.
1-27-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: Doesn’t at some point the increase in value of the Iraqi dinar have to show up on the foreign exchanges (i.e. FOREX) in order to use the dinar internationally? A: Yes, you are correct. I believe this also is moving forward and there is a plan to implement this measure very soon. Some day soon it will just appear as there is a date already set for this measure to occur.
1-27-2018 Intel Guru RayRen98 Reports are coming in of a 1:1 rate in-country in Iraq. The citizens over there are being told NOT to discard the lower denoms, they will be of value when released and the purchasing power will gradually increase. I am awaiting more detailed reporting before considering this information confirmed and verified, but it sure sounds good, looks good and definitely feels good! IQD Rates on US bank screens are reportedly, gradually climbing!
1-27-2018 Newshound/Intel Guru Mnt Goat Article quote: "Just out in the news. (Baghdad: al-Furat News) Prime Minister Haider al-Abbadi promised victory in the face of corrupt, while called on the House of Representatives to accelerate the passage of the budget." So what is the holdup on the budget? We know the corruption is part of it. They also need to “drain the swamp” in Iraq of certain corrupt entities prior to opening and releasing the budget money. Will the budget be based on a new rate to the dinar? Certainly we do know it is fluctuating and needs to be adjusted upwards since the price of oil has gone up almost 20 cents per barrel since the original draft was submitted to parliament for approval.
1-27-2018 Newshound Guru Breitling ...Look what’s coming up in taxes…you are going to make more money off the dinar at whatever it revalues at because of the way the taxes are set up…you get the benefits that much more. It’s a remarkable thing. [Consult your financial and tax professional at the appropriate time.]
1-27-2018 Intel Guru Delta ...ONE OF IRAQI CHANNEL ON THE TICKER THEY SAID THAT CBI STRATGEY ON DINAR EXTERNAL EXCHANGE RATE IT WILL 1-1...WOW. WE WILL SEE WHAT NEXT WEEK BRING US...
1-27-2018 Newshound/Intel Guru Arthur ...Everyone wondering what the hold up could be... GOI + HCL = RV. The Government of Iraq (GOI) needs an official Hydrocarbon Law ( HCL) in the official Gazette. Abadi has established a 5% reduction for the Kurdish region. Only now have the Kurds finally agreed to this stipulation with future secret guarantees I am not at liberty to divulge. Leading up to mid February all will start to come into focus. Just remember: HCL = Having Liqiuid Currency.
1-27-2018 Intel Guru Frank26 [Are you aware of a waiting period once citizens get rate before it goes international, i.e. kuwait took 10 days?] IMO 3 DAY...
1-27-2018 Intel Guru RayRen98 We did get some new information on rates. Now $4.87 is the dinar rate being seen on the screens.
1-27-2018 Intel Guru RayRen98 Reports are coming in of a 1:1 rate in-country in Iraq. The citizens over there are being told NOT to discard the lower denoms, they will be of value when released and the purchasing power will gradually increase. I am awaiting more detailed reporting before considering this information confirmed and verified, but it sure sounds good, looks good and definitely feels good! IQD Rates on US bank screens are reportedly, gradually climbing!
1-27-2018 Newshound/Intel Guru Mnt Goat Article quote: "Just out in the news. (Baghdad: al-Furat News) Prime Minister Haider al-Abbadi promised victory in the face of corrupt, while called on the House of Representatives to accelerate the passage of the budget." So what is the holdup on the budget? We know the corruption is part of it. They also need to “drain the swamp” in Iraq of certain corrupt entities prior to opening and releasing the budget money. Will the budget be based on a new rate to the dinar? Certainly we do know it is fluctuating and needs to be adjusted upwards since the price of oil has gone up almost 20 cents per barrel since the original draft was submitted to parliament for approval.
1-27-2018 Newshound Guru Breitling ...Look what’s coming up in taxes…you are going to make more money off the dinar at whatever it revalues at because of the way the taxes are set up…you get the benefits that much more. It’s a remarkable thing. [Consult your financial and tax professional at the appropriate time.]
1-27-2018 Intel Guru Delta ...ONE OF IRAQI CHANNEL ON THE TICKER THEY SAID THAT CBI STRATGEY ON DINAR EXTERNAL EXCHANGE RATE IT WILL 1-1...WOW. WE WILL SEE WHAT NEXT WEEK BRING US...
1-27-2018 Newshound/Intel Guru Arthur ...Everyone wondering what the hold up could be... GOI + HCL = RV. The Government of Iraq (GOI) needs an official Hydrocarbon Law ( HCL) in the official Gazette. Abadi has established a 5% reduction for the Kurdish region. Only now have the Kurds finally agreed to this stipulation with future secret guarantees I am not at liberty to divulge. Leading up to mid February all will start to come into focus. Just remember: HCL = Having Liqiuid Currency.
1-27-2018 Intel Guru Frank26 [Are you aware of a waiting period once citizens get rate before it goes international, i.e. kuwait took 10 days?] IMO 3 DAY...
1-27-2018 Intel Guru RayRen98 We did get some new information on rates. Now $4.87 is the dinar rate being seen on the screens.
1-26-2018 Newshound/Intel Guru BGG The Amnesty Law was originally devised to cover past political affiliations that were deemed to be illegal. Whatever it is now, or believed to be now, is another story. [reference Guru G-Lin post 1-24-2018]
1-26-2018 Newshound Guru Kaperoni "TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE REPUBLIC OF IRAQ CONCERNING THE DEVELOPMENT OF TRADE AND INVESTMENT RELATIONS" [This says we have a TIFA agreement with Iraq. Any thoughts?] ...the agreements were made years ago, just never implimented because the Iraqi banking system is not engaged with the world, IMF Article VIII etc. ...I am sure much of it was done in anticipation for currency reform under Shabibi 2012-2013.
1-26-2018 Intel Guru Frank26 [Do you think there will be a time limit to hold the 000 notes?] YES CBI SAYS FOR 2 YEARS I OPINIONATE MUCH MORE THAN THAT.
1-26-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: So, are you saying then, that you anticipate using the dinar soon for paying foreign debts also? A: Yes, soon we will de-pegged from the de facto peg on the US dollar and move to a basket of global currencies for our valuation. This will allow a gradual float of the currency on the open trading markets. There are strict IMF guidelines for this effort and we are working closely with them and the World Bank to implement.
1-26-2018 Newshound/Intel Guru BGG Article: "Abadi: They are on the process of rising the Iraqi economy and create jobs" FYI – Abadi has been the best thing that’s happened to Iraq in the last 2 decades. Is he perfect? No. Are they on track? More than you know. So relax. Quote: "Abadi: “…we are in the process of raising the Iraqi economy and create(ing) jobs…” What exactly is this process he is speaking of? Does it include monetary and currency reform? I don’t see how it cannot – especially with the clear re-engagement of Iraq with the world markets. With any luck Abadi will get a lot of credit for their peace and prosperity – Maliki and Barzani will get shut out on May 12th.
1-26-2018 Intel Guru Bruce How close are we? We are very close. Before President Trump left for Davos yesterday [Wednesday] evening, he gave permission to Steven Mnuchin, the Secretary of the Treasury to release this for us to the banks prior to midnight tonight. ...That means the banks will have it...to release it when they are ready. When the banks are ready. Maybe ready quickly, maybe they won’t. We will see how quickly that will manifest. I think we are at a moment to moment basis. That is where we are and I am very excited about it. [post 2 of 2]
1-26-2018 Intel Guru Bruce When it comes to Iraq...We know those bonds that were being offered Wednesday morning...did not sell so well in Iraq because a lot of the people don’t trust the banks. They do not trust the CBI. They did make another attempt to sell more bonds. They were cut off after an hour or so of trading. They did some more selling of those today [Wednesday], and again more outside than inside of Iraq. I believe those bonds will sell. The only thing I know is the rate for the dinar that was attached essentially to the bonds is a very strong rate for the dinar and is the same rate as the opening rate will be on the CBI and on our bank screens here. I do know that. I do know that it is slightly under $5... ...some people tend to believe that the Dong is going to be at 47 cents. ...Just not true. The Dong is already close to $2 just the other night. ...I think the screen rate is going to be in that range or higher for the Dong. [post 1 of 2....stay tuned]
1-26-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Question: So are you saying you now have an in-country revaluation of the Iraqi dinar? Answer: We are gradually rolling out an increase in rate on the dinar as we electronically pay the January govt payrolls and going forward... The marketplace must catch up slowly. We plan to gradually also roll out the newer category notes to match. This is a slow process but we hope to be successful. This process has taken many years to implement and we are within the final stages of completion.
1-26-2018 Newshound Guru Kaperoni Article: "Complete system Vehicle Tracking (GPS) Banking Services " Quote: "The Ministry of Communications has completed vehicle tracking company for the benefit of the Iraqi banking project, while the light station installed in the hand Baghdadi in Anbar province to link security and service departments with the capital." I look at this as more good news. The CBI needs to track vehicles hauling currency to and from banks and this just provides more security. Especially when they start hauling dinar for destruction.
1-26-2018 Intel Guru Frank26 [Do you still like January?] YES...BUT...I LIKE EVERYDAY OF THIS MR [MONETARY REFORM] BECAUSE IT IS UNDER GREAT PRESSURE TO COME FORTH... [If we see the RI in January would it be possible we would see the RV within the first Quarter?] YES!!!
1-26-2018 Newshound Guru Kaperoni "TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE REPUBLIC OF IRAQ CONCERNING THE DEVELOPMENT OF TRADE AND INVESTMENT RELATIONS" [This says we have a TIFA agreement with Iraq. Any thoughts?] ...the agreements were made years ago, just never implimented because the Iraqi banking system is not engaged with the world, IMF Article VIII etc. ...I am sure much of it was done in anticipation for currency reform under Shabibi 2012-2013.
1-26-2018 Intel Guru Frank26 [Do you think there will be a time limit to hold the 000 notes?] YES CBI SAYS FOR 2 YEARS I OPINIONATE MUCH MORE THAN THAT.
1-26-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: So, are you saying then, that you anticipate using the dinar soon for paying foreign debts also? A: Yes, soon we will de-pegged from the de facto peg on the US dollar and move to a basket of global currencies for our valuation. This will allow a gradual float of the currency on the open trading markets. There are strict IMF guidelines for this effort and we are working closely with them and the World Bank to implement.
1-26-2018 Newshound/Intel Guru BGG Article: "Abadi: They are on the process of rising the Iraqi economy and create jobs" FYI – Abadi has been the best thing that’s happened to Iraq in the last 2 decades. Is he perfect? No. Are they on track? More than you know. So relax. Quote: "Abadi: “…we are in the process of raising the Iraqi economy and create(ing) jobs…” What exactly is this process he is speaking of? Does it include monetary and currency reform? I don’t see how it cannot – especially with the clear re-engagement of Iraq with the world markets. With any luck Abadi will get a lot of credit for their peace and prosperity – Maliki and Barzani will get shut out on May 12th.
1-26-2018 Intel Guru Bruce How close are we? We are very close. Before President Trump left for Davos yesterday [Wednesday] evening, he gave permission to Steven Mnuchin, the Secretary of the Treasury to release this for us to the banks prior to midnight tonight. ...That means the banks will have it...to release it when they are ready. When the banks are ready. Maybe ready quickly, maybe they won’t. We will see how quickly that will manifest. I think we are at a moment to moment basis. That is where we are and I am very excited about it. [post 2 of 2]
1-26-2018 Intel Guru Bruce When it comes to Iraq...We know those bonds that were being offered Wednesday morning...did not sell so well in Iraq because a lot of the people don’t trust the banks. They do not trust the CBI. They did make another attempt to sell more bonds. They were cut off after an hour or so of trading. They did some more selling of those today [Wednesday], and again more outside than inside of Iraq. I believe those bonds will sell. The only thing I know is the rate for the dinar that was attached essentially to the bonds is a very strong rate for the dinar and is the same rate as the opening rate will be on the CBI and on our bank screens here. I do know that. I do know that it is slightly under $5... ...some people tend to believe that the Dong is going to be at 47 cents. ...Just not true. The Dong is already close to $2 just the other night. ...I think the screen rate is going to be in that range or higher for the Dong. [post 1 of 2....stay tuned]
1-26-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Question: So are you saying you now have an in-country revaluation of the Iraqi dinar? Answer: We are gradually rolling out an increase in rate on the dinar as we electronically pay the January govt payrolls and going forward... The marketplace must catch up slowly. We plan to gradually also roll out the newer category notes to match. This is a slow process but we hope to be successful. This process has taken many years to implement and we are within the final stages of completion.
1-26-2018 Newshound Guru Kaperoni Article: "Complete system Vehicle Tracking (GPS) Banking Services " Quote: "The Ministry of Communications has completed vehicle tracking company for the benefit of the Iraqi banking project, while the light station installed in the hand Baghdadi in Anbar province to link security and service departments with the capital." I look at this as more good news. The CBI needs to track vehicles hauling currency to and from banks and this just provides more security. Especially when they start hauling dinar for destruction.
1-26-2018 Intel Guru Frank26 [Do you still like January?] YES...BUT...I LIKE EVERYDAY OF THIS MR [MONETARY REFORM] BECAUSE IT IS UNDER GREAT PRESSURE TO COME FORTH... [If we see the RI in January would it be possible we would see the RV within the first Quarter?] YES!!!
1-25-2018 Newshound Guru mike Article: "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" Quote: "The Conference Kuwait International is scheduled to be held for a period of 12-14 of next February will be dedicated...to offer investment opportunities in Iraq, will also allocate other days to raise $ 100 billion for the reconstruction of the liberated cities will participate in the conference 70 countries, in addition to organizations international including the World Bank." ...the whole point of investing is get a financial return, without an open market economy and a functioning banking system with convertible currency, there's no "investment" in Iraq. Handouts? Sure. Relief aid for the displaced? Check. Sovereign bonds can be secured by Iraq's oil revenue, there's no security investing in Iraq's infrastructure. Let's revisit this after the conference and see what happens.
1-25-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: What about the UN charter. Don’t you have to be under Article 8 to operate out of monetary sanctions from the wars, meaning the movement to a different monetary regime? A: Yes, this is true and there are plans to move from Article 14 to operate “fully” under Article 8. The plan is to complete this within the first quarter of 2018. At this time we hope to have monetized to the new dinar categories. Question: Won’t you also have to stop the current practice of the currency auctions? Answer: yes, this is the plan within the first quarter of 2018 to stop these currency auctions.
1-25-2018 Newshound Guru Enorrste Article: "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" Quote: "The Conference Kuwait International is scheduled to be held for a period of 12-14 of next February will be dedicated...to offer investment opportunities in Iraq, will also allocate other days to raise $ 100 billion for the reconstruction of the liberated cities will participate in the conference 70 countries, in addition to organizations international including the World Bank." Unless the currency is convertible nothing of any consequence will happen.
1-25-2018 Newshound Guru Adam Montana [...isn't Iraq election in February? If so if the rv is not do before the election what is Abadi's chances of being re-elected?] Election dates... actually, ANY event in Iraq... they tend to be confusing and subject to change. It seems to change from week to week more or less. It appears that the election process will start in February, but the actual vote will not happen till May.
1-25-2018 Intel Guru Frank26 IMO Iraq has an International Currency Now. IMO CBI has a strategy and are distributing the LD’s ( Lower Denominations) in the banks now. This week Dems asked President Trump how he would pay for the Wall...He said (IMO) to ask him next week! We told you...to wait until Davos was over...and soon President Trump will make his keynote Speech in Davos. President Trump will also say IMPORTANT THINGS in his State of the Union Speech! IMO..Something is planned for January...Don’t know for sure if it’s to raise the value? Next week my teams and I will know more. IMO At the end of all of this the USD will come back stronger just like it did in 1999 ( Kuwait RV? ). IMO Banks may have RI’d already and we just can’t see it posted yet….but, IMO they are sure acting like it in Davos...
1-25-2018 Newshound Guru Breitling Watching the Iraqi Dinar is not some special event. There’s not something special or secretive in the background going on. It’s simply an economy that’s in the market and has to compete and they have to watch what it is they are doing so they can balance out their currency with their economy in order to compete correctly…No body outside of a country has the right to manipulate somebody else’s currency. It just doesn’t happen…the reality is it has to do with markets.
1-25-2018 Newshound Guru Adam Montana [...on a scale from 0 - 10 how far or how close are we to thé HCL Rv?] ...a 10/10.
1-25-2018 Newshound Guru Kaperoni Article: "US Vice Foreign Minister in Baghdad next Sunday" Quote: "Visiting Deputy Foreign United States Secretary John Sullivan of Baghdad on Sunday for talks on activating the strategic framework between the two countries on the diplomatic, political and economic levels of the Convention." The economic side of the SFA is the TIFA agreement. Clearly that can not be activated until Iraq's banking system is engaged with the world.
1-25-2018 Intel Guru Frank26 [r u referring to collecting the 000s from inside iraq or outside or both?] BOTH FRIEND...HENCE THE VERY CONTROLLED FLOAT. [reference Guru Frank26 post 1-24-2018]
1-25-2018 Newshound/Intel Guru Mnt Goat Q: Has the rate of exchange (IQD vs USD) changed within Iraq? A: The rate of exchange should be transparent within Iraq except for merchants and businesses. When the CBI is paying out January salaries and pensions we are paying under a much higher rate. This rate is based on an early December agreement with the IMF. [post 3 of 3...more Q and A to follow.]
1-25-2018 Newshound/Intel Guru Mnt Goat Q: What are the new category notes? A: Iraq can expect to see 1, 2 dinar coins, along with 5,10,50,100, 200, 500 and 1,000 paper notes as common categories. Also ¼ and ½ dinar coins along with 5, 10,100 coins. This distribution however must be a slow and gradual distribution as the marketplace demands. As you may know we did launch the new secured 50 notes in 2015 but postponed the 100 and 200 category notes planned for 2016 distribution but are now ready. The 1,000 note is already in circulation but we are working on a newer polymer version with new security features to come out soon. [post 2 of 3....stay tuned]
1-25-2018 Newshound/Intel Guru Mnt Goat ...update to a recent conversation with my contact in the Central Bank. Folks it does not get any better than this to confirm what I (and others) have been saying about a very good timeframe for the month of January to see this revaluation to occur. Q: In past news articles we read that some of the categories of the lower notes have been distributed to the banks within Iraq. Is this true? A: Yes, but not all the branches. ...This effort was a year long effort and is now completed. Q: When do you plan to turn on the ATMs with these new categories? A: These new notes will be loaded into the ATMs and the bank windows soon if not already at some banks. I can tell you this timing is on conjunction with paying the govt payouts (salaries, pensions, etc.) for the month of January. [post 1 of 3....stay tuned]
1-25-2018 Newshound Guru mike Article "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" I'm really looking forward to seeing what comes out of this conference in Kuwait. Like most investors the whole point of investing is to allocate money with the expectation that I'll financially benefit in the future. I'm wondering how these guys are going to drum up this kind of money without the open market functionality to repay these investors...
1-25-2018 Newshound/Intel Guru Mnt Goat [continued Q & A] ...with my contact in the Central Bank. Q: What about the UN charter. Don’t you have to be under Article 8 to operate out of monetary sanctions from the wars, meaning the movement to a different monetary regime? A: Yes, this is true and there are plans to move from Article 14 to operate “fully” under Article 8. The plan is to complete this within the first quarter of 2018. At this time we hope to have monetized to the new dinar categories. Question: Won’t you also have to stop the current practice of the currency auctions? Answer: yes, this is the plan within the first quarter of 2018 to stop these currency auctions.
1-25-2018 Newshound Guru Enorrste Article: "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" Quote: "The Conference Kuwait International is scheduled to be held for a period of 12-14 of next February will be dedicated...to offer investment opportunities in Iraq, will also allocate other days to raise $ 100 billion for the reconstruction of the liberated cities will participate in the conference 70 countries, in addition to organizations international including the World Bank." Unless the currency is convertible nothing of any consequence will happen.
1-25-2018 Newshound Guru Adam Montana [...isn't Iraq election in February? If so if the rv is not do before the election what is Abadi's chances of being re-elected?] Election dates... actually, ANY event in Iraq... they tend to be confusing and subject to change. It seems to change from week to week more or less. It appears that the election process will start in February, but the actual vote will not happen till May.
1-25-2018 Intel Guru Frank26 IMO Iraq has an International Currency Now. IMO CBI has a strategy and are distributing the LD’s ( Lower Denominations) in the banks now. This week Dems asked President Trump how he would pay for the Wall...He said (IMO) to ask him next week! We told you...to wait until Davos was over...and soon President Trump will make his keynote Speech in Davos. President Trump will also say IMPORTANT THINGS in his State of the Union Speech! IMO..Something is planned for January...Don’t know for sure if it’s to raise the value? Next week my teams and I will know more. IMO At the end of all of this the USD will come back stronger just like it did in 1999 ( Kuwait RV? ). IMO Banks may have RI’d already and we just can’t see it posted yet….but, IMO they are sure acting like it in Davos...
1-25-2018 Newshound Guru Breitling Watching the Iraqi Dinar is not some special event. There’s not something special or secretive in the background going on. It’s simply an economy that’s in the market and has to compete and they have to watch what it is they are doing so they can balance out their currency with their economy in order to compete correctly…No body outside of a country has the right to manipulate somebody else’s currency. It just doesn’t happen…the reality is it has to do with markets.
1-25-2018 Newshound Guru Adam Montana [...on a scale from 0 - 10 how far or how close are we to thé HCL Rv?] ...a 10/10.
1-25-2018 Newshound Guru Kaperoni Article: "US Vice Foreign Minister in Baghdad next Sunday" Quote: "Visiting Deputy Foreign United States Secretary John Sullivan of Baghdad on Sunday for talks on activating the strategic framework between the two countries on the diplomatic, political and economic levels of the Convention." The economic side of the SFA is the TIFA agreement. Clearly that can not be activated until Iraq's banking system is engaged with the world.
1-25-2018 Intel Guru Frank26 [r u referring to collecting the 000s from inside iraq or outside or both?] BOTH FRIEND...HENCE THE VERY CONTROLLED FLOAT. [reference Guru Frank26 post 1-24-2018]
1-25-2018 Newshound/Intel Guru Mnt Goat Q: Has the rate of exchange (IQD vs USD) changed within Iraq? A: The rate of exchange should be transparent within Iraq except for merchants and businesses. When the CBI is paying out January salaries and pensions we are paying under a much higher rate. This rate is based on an early December agreement with the IMF. [post 3 of 3...more Q and A to follow.]
1-25-2018 Newshound/Intel Guru Mnt Goat Q: What are the new category notes? A: Iraq can expect to see 1, 2 dinar coins, along with 5,10,50,100, 200, 500 and 1,000 paper notes as common categories. Also ¼ and ½ dinar coins along with 5, 10,100 coins. This distribution however must be a slow and gradual distribution as the marketplace demands. As you may know we did launch the new secured 50 notes in 2015 but postponed the 100 and 200 category notes planned for 2016 distribution but are now ready. The 1,000 note is already in circulation but we are working on a newer polymer version with new security features to come out soon. [post 2 of 3....stay tuned]
1-25-2018 Newshound/Intel Guru Mnt Goat ...update to a recent conversation with my contact in the Central Bank. Folks it does not get any better than this to confirm what I (and others) have been saying about a very good timeframe for the month of January to see this revaluation to occur. Q: In past news articles we read that some of the categories of the lower notes have been distributed to the banks within Iraq. Is this true? A: Yes, but not all the branches. ...This effort was a year long effort and is now completed. Q: When do you plan to turn on the ATMs with these new categories? A: These new notes will be loaded into the ATMs and the bank windows soon if not already at some banks. I can tell you this timing is on conjunction with paying the govt payouts (salaries, pensions, etc.) for the month of January. [post 1 of 3....stay tuned]
1-25-2018 Newshound Guru mike Article "National Investment: Kuwait conference will offer a strategic and 157 medium-sized projects" I'm really looking forward to seeing what comes out of this conference in Kuwait. Like most investors the whole point of investing is to allocate money with the expectation that I'll financially benefit in the future. I'm wondering how these guys are going to drum up this kind of money without the open market functionality to repay these investors...
1-24-2018 Intel Guru Frank26 [During the 72 -78 days, will the value stay at 1:1 or will it still be moved up in controlled steps before the free float?] STAY AT 1 TO 1 TO DRAW IN 000'S. IMO ABOUT 72 TO 78 DAYS POST RI THEY WILL ALLOW THE FLOAT TO BE FREE.
1-24-2018 Newshound Guru Adam Montana Dinar is in a good spot. ALL of the points I hit in my last 3 updates are still moving forward, and FINALLY I get to say something I rarely get to say: Not only are the things I mentioned in my last 3 weekly updates moving forward... they are moving forward with NO snags that I can see. ZERO. NONE. There's a VERY good chance that we're going to scoot on into February with solid ground under us, we should see a successful re-election of my man Abadi, and HCL simply can't be avoided forever. At SOME POINT they are going to be ready to pull the trigger on this damn thing, and the "perfect scenario" is so close we can almost TOUCH it. Hang in there, friends! We made it this far, there's no reason to jump ship now. [reference Guru Adam Montana's post between January 3rd and January 10th 2018.
1-24-2018 Newshound Guru Kaperoni Quote: "Foreign exchange markets in Baghdad, on Wednesday morning, a decline in the dollar exchange rate against the Iraqi dinar. ...The selling price of the dollar is 1245 dinars, or 124 thousand and 500 dinars, for one hundred dollars." Spread has dropped to 1245.
1-24-2018 Newshound/Intel Guru Mnt Goat Now if we go to more recent announcements from the CBI they have told us they want to bring back the value of the dinar to this time period. Do you wonder why this Basra branch is highlighting this older note? The CBI is simply proud of what they are doing with the currency as they are showcasing their efforts for the citizens to see and read when they walk into the Basra bank. But this showcasing effort does not stop at the Basra branch. This is happening all over Iraq in all the banks. ...this is part of the education process. [post 2 of 2]
1-24-2018 Newshound/Intel Guru Mnt Goat So this week much hype about a news article with the CBI governor at a Central bank branch in Basra. Pictures were included... I want to bring to your attention one picture in particular. This picture is of Alaq holding up a very large note. Many started to spread rumors that his was of the new one dinar note. This simply is not true. This is instead a 1947 era note from the past...in 1947 timeframe the Iraqi dinar was valued at $4.86 (USD)... [post 1 of 2....stay tuned]
1-24-2018 Intel Guru Bruce There are some new Iraqi bonds that will be offered for sale to the Iraqi citizenry at 8:30 in the morning Baghdad time tomorrow [Wednesday]. That is half past midnight tonight EST. What is significant about that? To have a bond that is to be available or open for purchase tomorrow for Iraqi citizens you have to have a rate tied to it. Those same bonds are being traded tonight [Tuesday]. We have people doing that. There is a rate tied to those bonds already. That is amazing. That is another good indicator. That would be essentially another in-country rate, and higher than it was yesterday. It is indicating that things are happening there that we are very close. We don’t know the when, the day or hour exactly, but we have heard bankers talk about this week and we have heard others talk about before the end of the month. I think we are in a good place to get started. [post 2 of 2]
1-24-2018 Intel Guru Bruce When are they going to show publicly the value of their dinar either on their website or some other way? CBI site is probably where people would think it would have to be or just plain out and be on the Forex. I don’t think the Forex will come out until the public at large, not just us, is ready to begin exchanging. What is showing on the new Qi cards in Iraq, these are for Iraqi citizens or dual citizens if you happen to be one, there is an in-country Iraqi dinar rate already on that card as of yesterday [Monday]. We saw it...It is over $4 and it is a good rate for in-country Iraq. There is also the Iraqi dinar and the other currencies...on back screens at the bank, not the front teller screens but back screens. All the currencies were live yesterday [Monday] and showing real rates. Not tiny little rates, but real rates. I think that is a good indicator. [post 1 of 2....stay tuned]
1-24-2018 Newshound Guru G-Lin Article quote: "Prime Minister Haider al-Abadi has announced his intention to pursue the corrupt in the country after the expulsion of an organization calling for the end of last year, but the campaign is facing severe criticism." This pretty much tells us what we expected. Protection of the corruption for the wicked. And it seems Abadi is outnumbered. Time will time. This is NOT an example of a Democracy. I have been watching this develop ever since they amended the Amnesty Law. It doesn't surprise me. However, regardless of the political developments we still continue to see economic reform.
1-24-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK THE ADEQUACY OF THE IRAQI RESERVE FINANCIAL REACHED 160% ACCORDING TO THE STANDARDS SET BY THE INTERNATIONAL MONETARY FUND" Quote: "The joint financial reform program with the IMF aims to improve financial management and fiscal discipline by controlling expenditures and increasing revenues, AND WE ARE KEEN TO IMPLEMENT REFORMS IN ALL OUR INSTITUTIONS AND MINISTRIES," AL-AALAK TOLD A NEWS CONFERENCE IN NAJAF." This is the CBI so I would guess he is talking about banking and currency reforms? ...the CBI reserves might have an impact on when they would RV. In other words in past attempts the reserves were high and now they are at levels just as high.
1-24-2018 Newshound Guru Adam Montana Dinar is in a good spot. ALL of the points I hit in my last 3 updates are still moving forward, and FINALLY I get to say something I rarely get to say: Not only are the things I mentioned in my last 3 weekly updates moving forward... they are moving forward with NO snags that I can see. ZERO. NONE. There's a VERY good chance that we're going to scoot on into February with solid ground under us, we should see a successful re-election of my man Abadi, and HCL simply can't be avoided forever. At SOME POINT they are going to be ready to pull the trigger on this damn thing, and the "perfect scenario" is so close we can almost TOUCH it. Hang in there, friends! We made it this far, there's no reason to jump ship now. [reference Guru Adam Montana's post between January 3rd and January 10th 2018.
1-24-2018 Newshound Guru Kaperoni Quote: "Foreign exchange markets in Baghdad, on Wednesday morning, a decline in the dollar exchange rate against the Iraqi dinar. ...The selling price of the dollar is 1245 dinars, or 124 thousand and 500 dinars, for one hundred dollars." Spread has dropped to 1245.
1-24-2018 Newshound/Intel Guru Mnt Goat Now if we go to more recent announcements from the CBI they have told us they want to bring back the value of the dinar to this time period. Do you wonder why this Basra branch is highlighting this older note? The CBI is simply proud of what they are doing with the currency as they are showcasing their efforts for the citizens to see and read when they walk into the Basra bank. But this showcasing effort does not stop at the Basra branch. This is happening all over Iraq in all the banks. ...this is part of the education process. [post 2 of 2]
1-24-2018 Newshound/Intel Guru Mnt Goat So this week much hype about a news article with the CBI governor at a Central bank branch in Basra. Pictures were included... I want to bring to your attention one picture in particular. This picture is of Alaq holding up a very large note. Many started to spread rumors that his was of the new one dinar note. This simply is not true. This is instead a 1947 era note from the past...in 1947 timeframe the Iraqi dinar was valued at $4.86 (USD)... [post 1 of 2....stay tuned]
1-24-2018 Intel Guru Bruce There are some new Iraqi bonds that will be offered for sale to the Iraqi citizenry at 8:30 in the morning Baghdad time tomorrow [Wednesday]. That is half past midnight tonight EST. What is significant about that? To have a bond that is to be available or open for purchase tomorrow for Iraqi citizens you have to have a rate tied to it. Those same bonds are being traded tonight [Tuesday]. We have people doing that. There is a rate tied to those bonds already. That is amazing. That is another good indicator. That would be essentially another in-country rate, and higher than it was yesterday. It is indicating that things are happening there that we are very close. We don’t know the when, the day or hour exactly, but we have heard bankers talk about this week and we have heard others talk about before the end of the month. I think we are in a good place to get started. [post 2 of 2]
1-24-2018 Intel Guru Bruce When are they going to show publicly the value of their dinar either on their website or some other way? CBI site is probably where people would think it would have to be or just plain out and be on the Forex. I don’t think the Forex will come out until the public at large, not just us, is ready to begin exchanging. What is showing on the new Qi cards in Iraq, these are for Iraqi citizens or dual citizens if you happen to be one, there is an in-country Iraqi dinar rate already on that card as of yesterday [Monday]. We saw it...It is over $4 and it is a good rate for in-country Iraq. There is also the Iraqi dinar and the other currencies...on back screens at the bank, not the front teller screens but back screens. All the currencies were live yesterday [Monday] and showing real rates. Not tiny little rates, but real rates. I think that is a good indicator. [post 1 of 2....stay tuned]
1-24-2018 Newshound Guru G-Lin Article quote: "Prime Minister Haider al-Abadi has announced his intention to pursue the corrupt in the country after the expulsion of an organization calling for the end of last year, but the campaign is facing severe criticism." This pretty much tells us what we expected. Protection of the corruption for the wicked. And it seems Abadi is outnumbered. Time will time. This is NOT an example of a Democracy. I have been watching this develop ever since they amended the Amnesty Law. It doesn't surprise me. However, regardless of the political developments we still continue to see economic reform.
1-24-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK THE ADEQUACY OF THE IRAQI RESERVE FINANCIAL REACHED 160% ACCORDING TO THE STANDARDS SET BY THE INTERNATIONAL MONETARY FUND" Quote: "The joint financial reform program with the IMF aims to improve financial management and fiscal discipline by controlling expenditures and increasing revenues, AND WE ARE KEEN TO IMPLEMENT REFORMS IN ALL OUR INSTITUTIONS AND MINISTRIES," AL-AALAK TOLD A NEWS CONFERENCE IN NAJAF." This is the CBI so I would guess he is talking about banking and currency reforms? ...the CBI reserves might have an impact on when they would RV. In other words in past attempts the reserves were high and now they are at levels just as high.
1-23-2019 Intel Guru Sergio ...I truly believe in this investment and...I do feel that things are showing progress in a direction that we are looking to increase our holdings. ...there are companies investing in Iraq with reruns as hi as 17% ...
1-23-2018 Newshound/Intel Guru Mnt Goat ...we know the 2018 elections are forthcoming, probably in May. These always impact the political situation and so I believe this year will be no different. We are also still waiting to see Article 140 law in parliament and to get this law passed and enacted. This is a huge contention for the KRG. I feel this would resolve a lot of the conflict with GOI. It could solve much of their differences. Could the USA reject the argument that Iraq is ready to re-instate their currency because of this Article 140 issue? Well…I know the US govt agreed already to let the RV go almost three weeks ago.
1-23-2018 Newshound Guru G-Lin Article: "War: parliamentarians ' Union Act new authority to defend the House budget will cost burden" Quote: "Tariq Harb, jurist count Tuesday, approving House Parliamentarians Union law as creating new power system supervision and its mission to defend the rights of Parliament, while noting that the law governing Council members through subsequent parliamentary sessions, assured it would cost almoazanh New burdens." This looks like that protection law for the evil doers. I think it may give them permanent immunity. However, this may not effect ICC. Not sure. I wouldn't think there would be any protection from International Courts. BTW Tariq Harb is Maliki's personal legal council.
1-23-2018 Newshound Guru Aggiedad77 NEWS ARTICLES...NEWS PICTURES...PHOTOS OF CURRENCY...NATIONAL BONDS...THE CBI IS LEAKING AGAIN...IMO...JUST A MATTER OF TIME BEFORE THEY TRIP UP AND RELEASE THE ARTICLES WE SEEK...ARE THEY FLOATING SOMEWHERE TO BE FOUND...
1-23-2018 Newshound Guru chattels Dollar exchange rate today... Release Date: 2018/1/23 Quote: "Foreign currency markets in Baghdad, on Tuesday morning, stabilized at the dollar exchange rate against the Iraqi dinar. The price of the market in the stock market in Baghdad, 1245 dinars per dollar, or 124 thousand and 500 dinars per hundred dollars after yesterday was 1249.5 dinars to the dollar." 1245 is the lowest market price observed by me since the CBI stopped reporting such on it's website.
1-23-2018 Newshound/Intel Guru Mnt Goat ...We are still in a waiting mode by the US Treasury. The question is will they complete their side of the process so Iraq can continue the rest of their steps to re-instate the currency. We know they have the new category notes and they told us they are now distributed at the banks. We heard about the ATM machines and I presented proof to you that they are to be a large part of the Iraqi CBI side of the re-instatement rollout process. ...we are now in the very preliminary steps to release the re-instatement. I can not give you a date and don’t even want to go there. All I can say is let’s let it all play out until the end of January, as I have been told to do. Then when February rolls in we will see where we are and go from there. I will know much more at that time if we still have no RV.
1-23-2018 Intel Guru RayRen98 The most exciting news over the weekend was banking people seeing the lower denoms at their facility, although they have yet to be released. Just that they are there, ready… Also, the US banks were on high alert regarding forthcoming activity. We heard that the tier 1 banks were supposed to receive rates on Friday, so we really thought that those rates might be live. We’re still waiting for some of that information to come in. We also had some reports that banks could see rates on the front (retail) screens as well as the back screens, although they were not live yet.
1-23-2018 Newshound/Intel Guru Mnt Goat ...we know the 2018 elections are forthcoming, probably in May. These always impact the political situation and so I believe this year will be no different. We are also still waiting to see Article 140 law in parliament and to get this law passed and enacted. This is a huge contention for the KRG. I feel this would resolve a lot of the conflict with GOI. It could solve much of their differences. Could the USA reject the argument that Iraq is ready to re-instate their currency because of this Article 140 issue? Well…I know the US govt agreed already to let the RV go almost three weeks ago.
1-23-2018 Newshound Guru G-Lin Article: "War: parliamentarians ' Union Act new authority to defend the House budget will cost burden" Quote: "Tariq Harb, jurist count Tuesday, approving House Parliamentarians Union law as creating new power system supervision and its mission to defend the rights of Parliament, while noting that the law governing Council members through subsequent parliamentary sessions, assured it would cost almoazanh New burdens." This looks like that protection law for the evil doers. I think it may give them permanent immunity. However, this may not effect ICC. Not sure. I wouldn't think there would be any protection from International Courts. BTW Tariq Harb is Maliki's personal legal council.
1-23-2018 Newshound Guru Aggiedad77 NEWS ARTICLES...NEWS PICTURES...PHOTOS OF CURRENCY...NATIONAL BONDS...THE CBI IS LEAKING AGAIN...IMO...JUST A MATTER OF TIME BEFORE THEY TRIP UP AND RELEASE THE ARTICLES WE SEEK...ARE THEY FLOATING SOMEWHERE TO BE FOUND...
1-23-2018 Newshound Guru chattels Dollar exchange rate today... Release Date: 2018/1/23 Quote: "Foreign currency markets in Baghdad, on Tuesday morning, stabilized at the dollar exchange rate against the Iraqi dinar. The price of the market in the stock market in Baghdad, 1245 dinars per dollar, or 124 thousand and 500 dinars per hundred dollars after yesterday was 1249.5 dinars to the dollar." 1245 is the lowest market price observed by me since the CBI stopped reporting such on it's website.
1-23-2018 Newshound/Intel Guru Mnt Goat ...We are still in a waiting mode by the US Treasury. The question is will they complete their side of the process so Iraq can continue the rest of their steps to re-instate the currency. We know they have the new category notes and they told us they are now distributed at the banks. We heard about the ATM machines and I presented proof to you that they are to be a large part of the Iraqi CBI side of the re-instatement rollout process. ...we are now in the very preliminary steps to release the re-instatement. I can not give you a date and don’t even want to go there. All I can say is let’s let it all play out until the end of January, as I have been told to do. Then when February rolls in we will see where we are and go from there. I will know much more at that time if we still have no RV.
1-23-2018 Intel Guru RayRen98 The most exciting news over the weekend was banking people seeing the lower denoms at their facility, although they have yet to be released. Just that they are there, ready… Also, the US banks were on high alert regarding forthcoming activity. We heard that the tier 1 banks were supposed to receive rates on Friday, so we really thought that those rates might be live. We’re still waiting for some of that information to come in. We also had some reports that banks could see rates on the front (retail) screens as well as the back screens, although they were not live yet.
1-22-2018 Intel Guru Frank26 [With these articles and change of pictures on CBI, I just feel something is going on…there's a lot talk of CBI and currency…are they ready to say something...no more confusions...] [[see Gurus Kaperoni, BGG and Delta's views below on the picture 1-22-2018] ...WE TOLD YOU SO WE TOLD YOU SO! AFTER NOTHING FROM CBI FOR SO LONG AND NOW...LOTS AND LOTS OF ALAK AND THE CBI... WAIT"...WE SAID...WAIT! GAVE YOU KEY WORD...AS WE SAID..."LAUNCH"! AM I YELLING? YES. WHAT YOU ARE SEEING IS BUT THE BEGINNING OF THE ENDING OF THE CITIZEN'S...EDUCATION.
1-22-2018 Newshound Guru G-Lin Article: "Three "corrupt" companies dominate Iraq's Internet and the Ministry of Communications is "stealing" a billion dollars a year" I have decided that all of Iraq is corrupt and it will probably stay that way. I'm just assuming that their greed will push the dinar to a greater value which I'm sure would add to their wealth. ...the outstanding growth in the Iraq economy has me excited. It is hard to stop a moving downhill train. There are more powerful influences in the world compared to Maliki, Barzani, and the rest of Iraq's corrupt. The IMF and World Bank seem to have control of Iraq's economic structure and they are moving it forward. Iraq's wealth in reserves and untapped riches is too important to the rest of the world to allow the corrupt to control it. Just remember Maliki and Barzani are not the "big boys" in this world.
1-22-2018 Newshound Guru mike I remember those old Kuwait stories, I thought it was just a myth? This is a whole different animal, Iraq has over 50 trillion dinars out in circulation, even if they raised the dinar to .10 that would be $5 trillion dollars in M0 money supply with a country that doesn't make more than $100 billion a year. That's almost twice as much as the US has out. Balasaa-Samuelson is the only way I can see that the dinar will rise in value, they got to start slowly adding value to get all that dinar out of circulation.
1-22-2018 Newshound Guru Kaperoni Article: "Visit the Governor of the Central Bank of Iraq branch of Basra " The one dinar note looks to me like an old 1dinar note converted to a clock. [referencing a picture that accompanies the article.] [see Gurus BGG and Delta's views on the picture 1-22-2018]
1-22-2018 Newshound Guru Walkingstick THEY GOT BILATERAL AGREEMENTS WITH KURDISTAN. THEY HAVE FREAKIN' AIRPORTS ALL OVER THE PLACE WITH INTERNATIONAL FUNDS COMING IN AND OUT...THEY'VE REDONE THEIR BORDER POINTS! ...THEY'VE EDUCATED THEIR CITIZENS ON THE LD'S! ...WHAT ARE YOU WORRIED ABOUT?
1-22-2018 Newshound/Intel Guru BGG Article: "Visit of the Governor of the Central Bank of Iraq Branch Basra" I am a little curious as to what the bill is that is pictured in this last shot? [referencing a picture accompanying the article.] I have looked around some and can’t seem to come up with an ID on it.
(Update: according to Yahoo images, the note in question appears to be a 1947 10 Dinar note with King Faisal II on it. Probably some commemorative ceremony. Still interesting.)
1-22-2018 Newshound Guru Enorrste Article: "Alaq announces the opening of a new branch of the central bank in Najaf " [...how do you view Alaq saying "no condition other than banking reform" and no float? Does not match with what seems obvious that needs to happen.] Some Far Eastern country stated every day for several months that they were not going to change their exchange rate. Then, 24 hours after their last statement saying the same thing over and over again, they did it. I wouldn't put much credence in Allaq's statement.
1-22-2018 Intel Guru Delta IT LOOKS LIKE THE CBI JUST PUT A NEW PICTURE ON THEIR WEB SITE LOOKS LIKE ONE OF THE NEW NOTE...WOWWWWWWW.
1-22-2018 Intel/Newshound Guru sandyf IMF Article VIII is effectively a passport to international recognition of the countries currency. Art 8 is a one way street, once the obligations have been accepted there can be no return to Art 14 status. ...Iraq has never been an Article VIII currency so has never had international recognition. All previous rates have merely been an indicative rate rather than an official rate of exchange. As a non convertible currency, international transactions have only be done on a restricted basis.
1-22-2018 Newshound Guru G-Lin Article: "Three "corrupt" companies dominate Iraq's Internet and the Ministry of Communications is "stealing" a billion dollars a year" I have decided that all of Iraq is corrupt and it will probably stay that way. I'm just assuming that their greed will push the dinar to a greater value which I'm sure would add to their wealth. ...the outstanding growth in the Iraq economy has me excited. It is hard to stop a moving downhill train. There are more powerful influences in the world compared to Maliki, Barzani, and the rest of Iraq's corrupt. The IMF and World Bank seem to have control of Iraq's economic structure and they are moving it forward. Iraq's wealth in reserves and untapped riches is too important to the rest of the world to allow the corrupt to control it. Just remember Maliki and Barzani are not the "big boys" in this world.
1-22-2018 Newshound Guru mike I remember those old Kuwait stories, I thought it was just a myth? This is a whole different animal, Iraq has over 50 trillion dinars out in circulation, even if they raised the dinar to .10 that would be $5 trillion dollars in M0 money supply with a country that doesn't make more than $100 billion a year. That's almost twice as much as the US has out. Balasaa-Samuelson is the only way I can see that the dinar will rise in value, they got to start slowly adding value to get all that dinar out of circulation.
1-22-2018 Newshound Guru Kaperoni Article: "Visit the Governor of the Central Bank of Iraq branch of Basra " The one dinar note looks to me like an old 1dinar note converted to a clock. [referencing a picture that accompanies the article.] [see Gurus BGG and Delta's views on the picture 1-22-2018]
1-22-2018 Newshound Guru Walkingstick THEY GOT BILATERAL AGREEMENTS WITH KURDISTAN. THEY HAVE FREAKIN' AIRPORTS ALL OVER THE PLACE WITH INTERNATIONAL FUNDS COMING IN AND OUT...THEY'VE REDONE THEIR BORDER POINTS! ...THEY'VE EDUCATED THEIR CITIZENS ON THE LD'S! ...WHAT ARE YOU WORRIED ABOUT?
1-22-2018 Newshound/Intel Guru BGG Article: "Visit of the Governor of the Central Bank of Iraq Branch Basra" I am a little curious as to what the bill is that is pictured in this last shot? [referencing a picture accompanying the article.] I have looked around some and can’t seem to come up with an ID on it.
(Update: according to Yahoo images, the note in question appears to be a 1947 10 Dinar note with King Faisal II on it. Probably some commemorative ceremony. Still interesting.)
1-22-2018 Newshound Guru Enorrste Article: "Alaq announces the opening of a new branch of the central bank in Najaf " [...how do you view Alaq saying "no condition other than banking reform" and no float? Does not match with what seems obvious that needs to happen.] Some Far Eastern country stated every day for several months that they were not going to change their exchange rate. Then, 24 hours after their last statement saying the same thing over and over again, they did it. I wouldn't put much credence in Allaq's statement.
1-22-2018 Intel Guru Delta IT LOOKS LIKE THE CBI JUST PUT A NEW PICTURE ON THEIR WEB SITE LOOKS LIKE ONE OF THE NEW NOTE...WOWWWWWWW.
1-22-2018 Intel/Newshound Guru sandyf IMF Article VIII is effectively a passport to international recognition of the countries currency. Art 8 is a one way street, once the obligations have been accepted there can be no return to Art 14 status. ...Iraq has never been an Article VIII currency so has never had international recognition. All previous rates have merely been an indicative rate rather than an official rate of exchange. As a non convertible currency, international transactions have only be done on a restricted basis.
1-21-2018 Newshound Guru Kaperoni Article: "Officially .. the end of the "Daesh" militarily in Iraq" Quote: "Announced the Iraqi Interior Minister Qasim al-Araji, on Friday, the end of the terrorist organization Daesh militarily in Iraq, after the liberation of the city of Rawah, western Anbar province from the grip of the entire organization." This is big news. The Iraqi gov can now move forward with the economy.
1-21-2018 Intel/Newshound Guru tman23 [...is it your opinion that RV will NOT happen until KRG and GOI issues have been resolved?] YES IMO...THERE MUST BE AN AGREEMENT TO BE UNDER FEDERAL CONTROL...The CBI needs the GOI to control and enforce certain laws and the Kurd region is just as corrupt as anywhere in Iraq...[Newshound Guru Adam] Montana always claimed a HCL agreement must come first...What Abadi is proposing is signature to just that...BUT not so easy...remember the Kurds got 3 billion from Russia state oil company to prepay for oil...and there are a lot of these deals...this thing gets real messy...so Federal Control is most logical...
1-21-2018 Intel Guru RayRen98 Bankers in Iraq can see the lower denoms (1's, 5's, 10's), however, they are NOT released yet! US banks are on high alert (yes, once again) for rate changes coming soon.
1-21-2018 Newshound Guru chattels Articles: "Know the strategy of Maliki's coalition to achieve the political majority in the next session" "Rivals may team up to defeat Iraqi Prime Minister Abadi" Another reason that a political alliance between Maliki and Barzani is dubious is that if the "possibility for an alliance with all political parties, including Barzani’s [KDP], ..." depends upon a commitment to "the [will of the] political majority.", I doubt that the Kurds can / will so commit. The Kurds and other minorities value and depend upon the doctrine of consensus in government / legislation. Otherwise minorities will ultimately be overwhelmed by the Shia political majority, IMO.
1-21-2018 Newshound Guru Kaperoni Article: "Strengthen international confidence in Iraq's economic capabilities" IMO, there is no external confidence in Iraq's banking system until the CBI is in Article VIII and dinar transactions are accepted worldwide through the global banking system. They can talk about all they want, but I don't think investors will come if they cannot get there profits out of Iraq. Iraq needs to understand this and begin currency reform.
1-21-2018 Newshound/Intel Guru Mnt Goat ...they told us the Vietnam Dong was a “sleeper”... At least the Vietnam currency is still an active currency and being traded so this one does sound plausible and possible.
1-21-2018 Intel/Newshound Guru tman23 [...is it your opinion that RV will NOT happen until KRG and GOI issues have been resolved?] YES IMO...THERE MUST BE AN AGREEMENT TO BE UNDER FEDERAL CONTROL...The CBI needs the GOI to control and enforce certain laws and the Kurd region is just as corrupt as anywhere in Iraq...[Newshound Guru Adam] Montana always claimed a HCL agreement must come first...What Abadi is proposing is signature to just that...BUT not so easy...remember the Kurds got 3 billion from Russia state oil company to prepay for oil...and there are a lot of these deals...this thing gets real messy...so Federal Control is most logical...
1-21-2018 Intel Guru RayRen98 Bankers in Iraq can see the lower denoms (1's, 5's, 10's), however, they are NOT released yet! US banks are on high alert (yes, once again) for rate changes coming soon.
1-21-2018 Newshound Guru chattels Articles: "Know the strategy of Maliki's coalition to achieve the political majority in the next session" "Rivals may team up to defeat Iraqi Prime Minister Abadi" Another reason that a political alliance between Maliki and Barzani is dubious is that if the "possibility for an alliance with all political parties, including Barzani’s [KDP], ..." depends upon a commitment to "the [will of the] political majority.", I doubt that the Kurds can / will so commit. The Kurds and other minorities value and depend upon the doctrine of consensus in government / legislation. Otherwise minorities will ultimately be overwhelmed by the Shia political majority, IMO.
1-21-2018 Newshound Guru Kaperoni Article: "Strengthen international confidence in Iraq's economic capabilities" IMO, there is no external confidence in Iraq's banking system until the CBI is in Article VIII and dinar transactions are accepted worldwide through the global banking system. They can talk about all they want, but I don't think investors will come if they cannot get there profits out of Iraq. Iraq needs to understand this and begin currency reform.
1-21-2018 Newshound/Intel Guru Mnt Goat ...they told us the Vietnam Dong was a “sleeper”... At least the Vietnam currency is still an active currency and being traded so this one does sound plausible and possible.
1-20-2018 Intel Guru RayRen98 A direct contact shared a bank story on Friday...he was given a live rate on the IQD but did not have any currency at the time. Upon us checking back with that bank a little later, the rate wasn't on the screen. We attributed it to either it was the wrong currency quoted or there was a glitch and the rate appeared when it was not scheduled. Further investigation gave us information that Tier 1 banks involved in the exchange process were "supposed" to receive opening rates on Friday. Now, for Saturday, a "good source" report came in that some banks should see rates at the retail terminals of the teller windows sometime later today. Additional reports indicate that some banks are seeing rates on the front screen as well as the back screens today....just not LIVE yet! This weekend is anticipated to be one of significant importance, so far, so good...TIME WILL TELL.
1-20-2018 Newshound Guru G-Lin Article: "Central Bank reserve adequacy ratio financial Iraq reached 160 percent." Quote: "The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017), that the bank reserves of foreign currency of 48 billion dollars, noting that Iraq will not resort to floating the currency." Looks like IMF is happy and once again they do not want to float the currency. That's o.k. by me.
1-20-2018 Newshound Guru Kaperoni Article: "Alaq announces the opening of a new branch of the central bank in Najaf " Quote: "The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017), that the bank reserves of foreign currency of 48 billion dollars, pointing out that Iraq will not resort to floating the currency." Until they get in compliance with the IMF and reduce the spread to 2% or less, I would assume any such discussion is a "stable dinar". Eventually they will have to float to compensate for the pressure created by the influx of investment capital.
1-20-2018 Newshound/Intel Guru Mnt Goat I...had someone ask me lately – “what the dinar would be worth since I heard they are going to drop 6 zeros”. The Iraqi dinar is not going to drop any zeros. This would be a “lop” which is a long standing tool the IMF uses in time of great hyper- inflation. The CBI has told us so many times already they are NOT going to lop and the newer category notes (called lower denominations) will coincide with the older 3 zero notes for up to 10 years. The key to this process is that they want to use the older 3 zeros notes within the inter-banking system and don’t expect the average person to be carrying these around anyway post restructuring of the currency.
1-20-2018 Newshound Guru Walkingstick I, HAVE BEEN IN IRAQ FOR A LONG TIME, AND WE KNOW WHAT WE ARE DOING WITH IRAQ AND ALL OF THEIR REFORMS! BUDGET IS APPROVED. IT ONLY NEEDS ONE THING. THERE ARE NO DELAYS! IT IS A PROCESS THAT IS EVOLVING, AND IT IS ABOUT TO COME TRUE. THAT IS A FACT! EVERYTHING IS IN ITS PLACE FOR ABADI, THE GOI, THE CBI TO REINSTATE THEIR CURRENCY. THAT'S IT! END OF STORY! IF THEY ARE GOING TO REINSTATE THEIR CURRENCY IN A MANNER THAT WE THINK, BASED ON THE AGREED MEETINGS AND HISTORICALLY, THEN, JANUARY WILL BE THEIR STRONGEST MONTH. DO NOT IGNORE ANYTHING IN THE FIRST QUARTER OF 2018. [post 2 of 2]
1-20-2018 Newshound Guru Walkingstick THERE IS A DIFFERENCE BETWEEN A GOAL AND A TARGET DATE. THERE IS A SEQUENCE OF EVENTS TO HAPPEN. WE GOTTA LET THEM DO IT WHEN THEY WANT, BECAUSE WE (IMF) TOLD THEM THEY ARE READY. IT'S POLITICAL. THERE'S NO DELAYS RIGHT NOW. IRAQ IS ECONOMICALLY IN A CORRECT POSITION TO REINSTATE THEIR CURRENCY. THEY ARE A SOVEREIGN COUNTRY. LET THEM DO IT WHEN THEY ARE READY. IF ABADI, CBI, GOI NEED TO DO SOMETHING BEFORE THEY REINSTATE, THAT IS FINE, LET THEM DO IT, FOR THERE'S NO DELAY. THEY ARE SOVEREIGN. LET THEM DO IT WHEN THEY WANT. [post 1 of 2....stay tuned]
1-20-2018 Intel Guru Delta THE ONLY TIME THEY CAN DO THIS IS AT THE BEGINNING OF THE FISCAL YEAR. EVERYTHING IS OUT OF ABADI'S AND CBI'S HANDS, BECAUSE IT'S IN THE HANDS OF THE WEST (USA) (EAST TO WEST). US WILL NOT DELAY. IT IS IN OUR COURT, NOT ABADI'S DECISION. IT IS USA TO RELEASE THE RI. THEY GOT 30 DAYS TO ANNOUNCE THE RATE. I BET, IT WILL BE IN JANUARY, BECAUSE OF "LEGAL ISSUES."
1-20-2018 Newshound Guru Kaperoni Article: "The House of Representatives is preparing to vote on a bill to create a "new Parliamentary Union" Quote: "Parliamentary sources revealed, for parliamentary efforts to enact a new law that includes the establishment of a new Parliamentary Union..." Any law must be approved by the Council of Ministers or the President prior to going to parliament for reading. Unlikely such a law would make it past that step. [reference Gurus mike and G-Lin posts 1-19-2018 below]
1-20-2018 Newshound Guru G-Lin Article: "Central Bank reserve adequacy ratio financial Iraq reached 160 percent." Quote: "The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017), that the bank reserves of foreign currency of 48 billion dollars, noting that Iraq will not resort to floating the currency." Looks like IMF is happy and once again they do not want to float the currency. That's o.k. by me.
1-20-2018 Newshound Guru Kaperoni Article: "Alaq announces the opening of a new branch of the central bank in Najaf " Quote: "The governor of the Central Bank of Iraq Ali Alalak revealed, on Tuesday (December 26, 2017), that the bank reserves of foreign currency of 48 billion dollars, pointing out that Iraq will not resort to floating the currency." Until they get in compliance with the IMF and reduce the spread to 2% or less, I would assume any such discussion is a "stable dinar". Eventually they will have to float to compensate for the pressure created by the influx of investment capital.
1-20-2018 Newshound/Intel Guru Mnt Goat I...had someone ask me lately – “what the dinar would be worth since I heard they are going to drop 6 zeros”. The Iraqi dinar is not going to drop any zeros. This would be a “lop” which is a long standing tool the IMF uses in time of great hyper- inflation. The CBI has told us so many times already they are NOT going to lop and the newer category notes (called lower denominations) will coincide with the older 3 zero notes for up to 10 years. The key to this process is that they want to use the older 3 zeros notes within the inter-banking system and don’t expect the average person to be carrying these around anyway post restructuring of the currency.
1-20-2018 Newshound Guru Walkingstick I, HAVE BEEN IN IRAQ FOR A LONG TIME, AND WE KNOW WHAT WE ARE DOING WITH IRAQ AND ALL OF THEIR REFORMS! BUDGET IS APPROVED. IT ONLY NEEDS ONE THING. THERE ARE NO DELAYS! IT IS A PROCESS THAT IS EVOLVING, AND IT IS ABOUT TO COME TRUE. THAT IS A FACT! EVERYTHING IS IN ITS PLACE FOR ABADI, THE GOI, THE CBI TO REINSTATE THEIR CURRENCY. THAT'S IT! END OF STORY! IF THEY ARE GOING TO REINSTATE THEIR CURRENCY IN A MANNER THAT WE THINK, BASED ON THE AGREED MEETINGS AND HISTORICALLY, THEN, JANUARY WILL BE THEIR STRONGEST MONTH. DO NOT IGNORE ANYTHING IN THE FIRST QUARTER OF 2018. [post 2 of 2]
1-20-2018 Newshound Guru Walkingstick THERE IS A DIFFERENCE BETWEEN A GOAL AND A TARGET DATE. THERE IS A SEQUENCE OF EVENTS TO HAPPEN. WE GOTTA LET THEM DO IT WHEN THEY WANT, BECAUSE WE (IMF) TOLD THEM THEY ARE READY. IT'S POLITICAL. THERE'S NO DELAYS RIGHT NOW. IRAQ IS ECONOMICALLY IN A CORRECT POSITION TO REINSTATE THEIR CURRENCY. THEY ARE A SOVEREIGN COUNTRY. LET THEM DO IT WHEN THEY ARE READY. IF ABADI, CBI, GOI NEED TO DO SOMETHING BEFORE THEY REINSTATE, THAT IS FINE, LET THEM DO IT, FOR THERE'S NO DELAY. THEY ARE SOVEREIGN. LET THEM DO IT WHEN THEY WANT. [post 1 of 2....stay tuned]
1-20-2018 Intel Guru Delta THE ONLY TIME THEY CAN DO THIS IS AT THE BEGINNING OF THE FISCAL YEAR. EVERYTHING IS OUT OF ABADI'S AND CBI'S HANDS, BECAUSE IT'S IN THE HANDS OF THE WEST (USA) (EAST TO WEST). US WILL NOT DELAY. IT IS IN OUR COURT, NOT ABADI'S DECISION. IT IS USA TO RELEASE THE RI. THEY GOT 30 DAYS TO ANNOUNCE THE RATE. I BET, IT WILL BE IN JANUARY, BECAUSE OF "LEGAL ISSUES."
1-20-2018 Newshound Guru Kaperoni Article: "The House of Representatives is preparing to vote on a bill to create a "new Parliamentary Union" Quote: "Parliamentary sources revealed, for parliamentary efforts to enact a new law that includes the establishment of a new Parliamentary Union..." Any law must be approved by the Council of Ministers or the President prior to going to parliament for reading. Unlikely such a law would make it past that step. [reference Gurus mike and G-Lin posts 1-19-2018 below]
1-19-2018 Newshound Guru mike Article: "The House of Representatives is preparing to vote on a bill to create a "new Parliamentary Union" Quote: "...seeks to defend the moral and material rights of members, reveals that this law opens a big door to protect any of the defendants in corruption cases and the form of legal stipulated in the Official Gazette, as well as for the protection of the rights of members mentioned and defend them if exposed..." Apparently Abadi's threats of going after those who are corrupt are spooking these guys, they're trying to pass a law that protects the "rights" of those accused. This is why things are moving so slowly in Iraq, the ruling elite are the most corrupt and now they're trying to legislate corruption...
1-19-2018 Intel Gurus Frank26 and Delta CREDIT BANK OF IRAQ: With Automated Teller Machines (ATMs) you have access to your funds from many convenient locations across Iraq and all over the world 24 hours a day, 7 days a week. (wink). GURU WALKINGSTICK TOLD YOU ALL ABOUT THIS TO COME...!!! FOR THE FOOTSTEPS...ARE SOUNDING LOUDER AND CLOSER.
1-19-2018 Newshound Guru G-Lin Article: "The House of Representatives is preparing to vote on a law to create a "new parliamentary union" Quote: "the parliament is in the process of enacting a new law that includes the establishment of a new union that includes members of the Governing Council, members of the Council, members of the National Assembly and members of the House of Representatives," Good grief. They wrote themselves a little "get out of jail free" law. This is a bit shocking. I hope ICC supercedes this b.s.
1-19-2018 Intel Guru Bruce ...we also understood today that the Forex is going through testing with US and Asia, with US and Africa, and I believe this has to do taking the Forex from the Swift system that it has been on and putting it on the new Fentech System which is tied to the Cipps System, the new super commuter satellite that system is on. That additional testing today...may continue for another day to day and half until that is complete. However, my understanding is we may be able to begin exchanges even if the Forex is not completely set and ready to go. Maybe this needs to occur before we have viable rates on the screens so we can exchange. This is ready to go. We just don’t have the exact day or hour. [post 3 of 3]
1-19-2018 Intel Guru Bruce The other thing we heard regarding Iraq was one of their banks, Rafidain bank, is working with a relationship with Citibank to issue new credit, debit cards or Qi cards. Some new Citibank cards were to be issued to dual citizens of Iraqi and America today. They were supposed to...reflect a much higher spending rate or to have the greater ability to spend based on 7 to 8 times than they were seeing before...and that is due to a rate increase. We are waiting to see in fact that has happened. We have not confirmed it. [post 2 of 3....stay tuned]
1-19-2018 Intel Guru Bruce ...we still have a blackout in Iraq right now...Information blackout. We know they had a rate tradable on the Forex. We know several traders who are working with certain exchanges trading that. First as futures and preloads, now it is as currencies. We know the rate was being trading up as of yesterday and was being traded up and all of a sudden it went on hold in that particular trading platform. I do not know why other than maybe they are getting ready to make a rate change or syncing some systems together, not really sure. [post 1 of 3....stay tuned]
1-19-2018 Intel Gurus Frank26 and Delta CREDIT BANK OF IRAQ: With Automated Teller Machines (ATMs) you have access to your funds from many convenient locations across Iraq and all over the world 24 hours a day, 7 days a week. (wink). GURU WALKINGSTICK TOLD YOU ALL ABOUT THIS TO COME...!!! FOR THE FOOTSTEPS...ARE SOUNDING LOUDER AND CLOSER.
1-19-2018 Newshound Guru G-Lin Article: "The House of Representatives is preparing to vote on a law to create a "new parliamentary union" Quote: "the parliament is in the process of enacting a new law that includes the establishment of a new union that includes members of the Governing Council, members of the Council, members of the National Assembly and members of the House of Representatives," Good grief. They wrote themselves a little "get out of jail free" law. This is a bit shocking. I hope ICC supercedes this b.s.
1-19-2018 Intel Guru Bruce ...we also understood today that the Forex is going through testing with US and Asia, with US and Africa, and I believe this has to do taking the Forex from the Swift system that it has been on and putting it on the new Fentech System which is tied to the Cipps System, the new super commuter satellite that system is on. That additional testing today...may continue for another day to day and half until that is complete. However, my understanding is we may be able to begin exchanges even if the Forex is not completely set and ready to go. Maybe this needs to occur before we have viable rates on the screens so we can exchange. This is ready to go. We just don’t have the exact day or hour. [post 3 of 3]
1-19-2018 Intel Guru Bruce The other thing we heard regarding Iraq was one of their banks, Rafidain bank, is working with a relationship with Citibank to issue new credit, debit cards or Qi cards. Some new Citibank cards were to be issued to dual citizens of Iraqi and America today. They were supposed to...reflect a much higher spending rate or to have the greater ability to spend based on 7 to 8 times than they were seeing before...and that is due to a rate increase. We are waiting to see in fact that has happened. We have not confirmed it. [post 2 of 3....stay tuned]
1-19-2018 Intel Guru Bruce ...we still have a blackout in Iraq right now...Information blackout. We know they had a rate tradable on the Forex. We know several traders who are working with certain exchanges trading that. First as futures and preloads, now it is as currencies. We know the rate was being trading up as of yesterday and was being traded up and all of a sudden it went on hold in that particular trading platform. I do not know why other than maybe they are getting ready to make a rate change or syncing some systems together, not really sure. [post 1 of 3....stay tuned]
1-18-2018 Newshound/Intel Guru Mnt Goat I believe we have 13 days for the US Treasury to complete their part of the re-instatement process. This must be done in order for the CBI to go forward with their next step. There are so many...reasons we...have read about as to the need to re-instate the currency such as trading partner’s need to trade in middle eastern currencies and not US dollars. ...we are hearing rumblings from the US govt on the funneling of dollars to terrorist organizations thru the currency auctions. Well…there is a solution to the problem - it is to shut down the auctions. But if they do this they must re-instate the currency and thus allow them to pay the foreign debtors with dinars and not US dollars.
1-18-2018 Newshound Guru mike Articles: "Sunday .. the heads of blocs hold a meeting to discuss the budget and elections" "Kurdish blocs decide to boycott all parliamentary sessions related to the budget" Complete lack of cooperation, nothing's changed. The Shia want the election's held on time but the Sunni's are opposed, millions of their constituents are living in camps for the displaced. The budget's hang up is not with just the Kurd's, there are also concerns with how much the GOI is reducing pay for the government workers and other cost saving measures the IMF/WB have put on them for the loans they're receiving. Hopefully they get this sorted out quickly.
1-18-2018 Newshound/Intel Guru Mnt Goat Whenever the CBI targeted a re-instatement in the past (2011, 2013, 2016 and 2017) it was always in January, with a massive educational campaign just prior to the scheduled event. I have confirmation that the CBI fully intends to educate the citizens in Iraq prior to the re-instatement. I have just heard from the CBI on Jan 16th...That they have already written statements for the news media and are waiting on the US to go ahead with the next step of the re-instatement process. The CBI also told me on Jan 16th that a main news broadcast will give us an overview of the intended “next step” of the process and will be followed up with a deluge of other more detailed articles. In the articles they will tell the citizens what they need to know for this transition. Knowing all this information what would you think is about to happen? [post 2 of 2]
1-18-2018 Newshound/Intel Guru Mnt Goat List of known FACTS: In late December Iraq was finally released “fully” from Chapter VII sanctions. Being released “fully” from sanctions enables Iraq to be a stand-alone sovereign nation once again. Being a sovereign nation allowed Iraq to request the re-instatement of the Iraqi dinar. In late December the CBI requested the re-instatement of the Iraqi dinar. In later December the CBI coordinated with the US Treasury to roll out the process to the international exchanges (and other files and needed data). We have read that the Iraqi fiscal year ends Dec 15th. Whenever the CBI initiated any rate change (to the program rate) it was always done in January. [post 1 of 2....stay tuned]
1-18-2018 Intel Guru RayRen98 [Among what we all seek what would you say brings you the highest confidence we will be exchanging soon...?] CBI, rumors from the UST and BIS, new rates showing up… all that gives me more confidence.
1-18-2018 Newshound Guru Kaperoni Article: "Arab Monetary looking the role of the "exchange rate policy" in reducing inflation" Quote: "The course focuses on the basics of different exchange rates systems analysis, and how to read the international currency and exchange rates , market indices axes, as well as ways of determining the adequacy of foreign reserves for the states, as well as the relationship between the exchange rate policy and macroeconomic policies, and to discuss common problems in the exchange rate policies , the fundamental shift from a fixed exchange rate to the flexible data and indicators of currency crises within the framework of the early warning system." yes, time for a more flexible exchange rate policy.
1-18-2018 Newshound Guru mike Articles: "Sunday .. the heads of blocs hold a meeting to discuss the budget and elections" "Kurdish blocs decide to boycott all parliamentary sessions related to the budget" Complete lack of cooperation, nothing's changed. The Shia want the election's held on time but the Sunni's are opposed, millions of their constituents are living in camps for the displaced. The budget's hang up is not with just the Kurd's, there are also concerns with how much the GOI is reducing pay for the government workers and other cost saving measures the IMF/WB have put on them for the loans they're receiving. Hopefully they get this sorted out quickly.
1-18-2018 Newshound/Intel Guru Mnt Goat Whenever the CBI targeted a re-instatement in the past (2011, 2013, 2016 and 2017) it was always in January, with a massive educational campaign just prior to the scheduled event. I have confirmation that the CBI fully intends to educate the citizens in Iraq prior to the re-instatement. I have just heard from the CBI on Jan 16th...That they have already written statements for the news media and are waiting on the US to go ahead with the next step of the re-instatement process. The CBI also told me on Jan 16th that a main news broadcast will give us an overview of the intended “next step” of the process and will be followed up with a deluge of other more detailed articles. In the articles they will tell the citizens what they need to know for this transition. Knowing all this information what would you think is about to happen? [post 2 of 2]
1-18-2018 Newshound/Intel Guru Mnt Goat List of known FACTS: In late December Iraq was finally released “fully” from Chapter VII sanctions. Being released “fully” from sanctions enables Iraq to be a stand-alone sovereign nation once again. Being a sovereign nation allowed Iraq to request the re-instatement of the Iraqi dinar. In late December the CBI requested the re-instatement of the Iraqi dinar. In later December the CBI coordinated with the US Treasury to roll out the process to the international exchanges (and other files and needed data). We have read that the Iraqi fiscal year ends Dec 15th. Whenever the CBI initiated any rate change (to the program rate) it was always done in January. [post 1 of 2....stay tuned]
1-18-2018 Intel Guru RayRen98 [Among what we all seek what would you say brings you the highest confidence we will be exchanging soon...?] CBI, rumors from the UST and BIS, new rates showing up… all that gives me more confidence.
1-18-2018 Newshound Guru Kaperoni Article: "Arab Monetary looking the role of the "exchange rate policy" in reducing inflation" Quote: "The course focuses on the basics of different exchange rates systems analysis, and how to read the international currency and exchange rates , market indices axes, as well as ways of determining the adequacy of foreign reserves for the states, as well as the relationship between the exchange rate policy and macroeconomic policies, and to discuss common problems in the exchange rate policies , the fundamental shift from a fixed exchange rate to the flexible data and indicators of currency crises within the framework of the early warning system." yes, time for a more flexible exchange rate policy.
1-17-2018 Newshound/Intel Guru Mnt Goat We are just under 2 weeks from the end of January. I still firmly believe we are nearing the re-instatement and it will occur in this month. But remember when I say we are about to see it that I mean there are still multiple steps to take prior to us going to the bank.
1-17-2018 Intel Guru RayRen98 We do have one source saying “this is it for this week”, and of course we are halfway through the week. Another source said that the rate was now at .25… but that was only at the CBI. At an airport somewhere in the Middle East, we tried to get people to confirm that, and then we got reports of that rate in the US, or rather what it amounts to here, which is $4. That was fluctuating, and not live, but it’s still a good indicator. If the rate is .25, that is $4 for us. The US Treasury and banking sources are all saying “any time now”, and both are saying $3.71 is the rate. Keep in mind that Forex will show a market rate, not the official international rate...We did hear that it was live for 20 minutes in the UK over the weekend. We also heard that the CBI sent a message to the BIS that the issues had been resolved around payments to Kurdistan. If the BIS and IMF are happy with what the CBI is doing, then they will get the green light.
1-17-2018 Intel Guru AdminBill There is a very strong possibility that you will be very busy with appointments starting very soon. No dates or rates but be sure to stay informed and stay ready.
1-17-2018 Newshound/Intel Guru Mnt Goat Article: "In accordance with Security Council Resolution 2390 on 8/12/2017, Iraq has fulfilled all obligations related to its withdrawal from Chapter VII of the UN Charter." ...we heard many articles already on getting “fully” out of Chapter VII, but this is not the sole purpose of this article. In this article I believe they wanted so list out yet more benefits for Iraq in getting “fully” out of Chapter VII and where they are heading with the banking system now and in the future. ...they are telling us they are modernizing the banking system to keep pace with the rest of the world, something that is needed if they will be integrated with the “global” economy. A full integration is when they finally roll out the re-instatement of the currency. I would say based on all the banking reforms implemented so far this is all just about done.
1-17-2018 Newshound Guru Adam Montana I'll remind you that Iraq has a major share of one of the WORLD's most valuable resources. They aren't heavy into technology, but they are advanced enough that major international banking can be turned on with the flip of a switch. Over the last year, we've seen key institutions and organizations mention that Iraq is welcome to join the big boys...if they want. We've waited for them to do so, and IMO the key to this all is still the HCL. Could this media-crypto-frenzy be a perfect time to slip some action in while heads are turned? We will see. [post 2 of 2]
1-17-2018 Newshound Guru Adam Montana I'm pretty sure we can all agree that we don't expect Iraq to give us a warning that they will raise the value of their currency. This is just something we expect to see happen, based on their progress with Government, Banking, Stability, and Political situations. Since we don't expect them to give us a "heads up", it should be easy to understand that a major change in the value of the IQD would happen when the world is distracted... like, by a bloodbath in one of the hottest topics on the planet right now? In case you live under a rock, I'll explain - the cryptosphere is currently in meltdown mode. "Huge losses", "Major crash", "The End Of It All"! That's what the media is screaming right now... and nobody is even paying attention to Iraq. [post 1 of 2....stay tuned]
1-17-2018 Intel Guru Frank26 [At one time they said the Dong would come out with the Dinar... Is it going to be in that basket?] NOT THE ONE THAT WE ARE TEACHING ABOUT...IT WILL CONTAIN ABOUT 6 CURRENCIES AND THE DONG IS NOT ONE OF THEM...MY STANCE HAS NOT CHANGED ON THE DONG...I BELIEVE IT TO BE EVOLVING AND GROWING IN VALUE AND STRENGTH BUT DUE TO CHINA I THINK THEY STILL HAVE SOME TIME TO GO BEFORE THEY CONSIDER AN RV JUMP.
1-17-2018 Intel Guru Bruce Iraq is still under blackout. They did have a rate change already. People that have the so called Qi cards from Iraq that are citizens were paid on these cards. These people are getting paid at a real in country revalued rate on their Qi cards. That just changed for them 7 to 8 spending power than they had. We understand late last night [Monday] what had happened globally was there was a system reboot on all banking systems around the world. They were getting resynced on two things. 1) A new satellite that was coordinating everything under the new banking system. 2) They were being connected to new rates as was going to happen last night from the Forex. We got evidence the Forex is up and changed with new rates. You and I can’t see them and professional traders can see them. ...we know we are in good shape to begin pretty soon. I have heard the John Q Public will start in about a week or so. As far as I am aware, things are still on track....it appears is we are exactly where we need to be time wise.
1-17-2018 Intel Guru RayRen98 We do have one source saying “this is it for this week”, and of course we are halfway through the week. Another source said that the rate was now at .25… but that was only at the CBI. At an airport somewhere in the Middle East, we tried to get people to confirm that, and then we got reports of that rate in the US, or rather what it amounts to here, which is $4. That was fluctuating, and not live, but it’s still a good indicator. If the rate is .25, that is $4 for us. The US Treasury and banking sources are all saying “any time now”, and both are saying $3.71 is the rate. Keep in mind that Forex will show a market rate, not the official international rate...We did hear that it was live for 20 minutes in the UK over the weekend. We also heard that the CBI sent a message to the BIS that the issues had been resolved around payments to Kurdistan. If the BIS and IMF are happy with what the CBI is doing, then they will get the green light.
1-17-2018 Intel Guru AdminBill There is a very strong possibility that you will be very busy with appointments starting very soon. No dates or rates but be sure to stay informed and stay ready.
1-17-2018 Newshound/Intel Guru Mnt Goat Article: "In accordance with Security Council Resolution 2390 on 8/12/2017, Iraq has fulfilled all obligations related to its withdrawal from Chapter VII of the UN Charter." ...we heard many articles already on getting “fully” out of Chapter VII, but this is not the sole purpose of this article. In this article I believe they wanted so list out yet more benefits for Iraq in getting “fully” out of Chapter VII and where they are heading with the banking system now and in the future. ...they are telling us they are modernizing the banking system to keep pace with the rest of the world, something that is needed if they will be integrated with the “global” economy. A full integration is when they finally roll out the re-instatement of the currency. I would say based on all the banking reforms implemented so far this is all just about done.
1-17-2018 Newshound Guru Adam Montana I'll remind you that Iraq has a major share of one of the WORLD's most valuable resources. They aren't heavy into technology, but they are advanced enough that major international banking can be turned on with the flip of a switch. Over the last year, we've seen key institutions and organizations mention that Iraq is welcome to join the big boys...if they want. We've waited for them to do so, and IMO the key to this all is still the HCL. Could this media-crypto-frenzy be a perfect time to slip some action in while heads are turned? We will see. [post 2 of 2]
1-17-2018 Newshound Guru Adam Montana I'm pretty sure we can all agree that we don't expect Iraq to give us a warning that they will raise the value of their currency. This is just something we expect to see happen, based on their progress with Government, Banking, Stability, and Political situations. Since we don't expect them to give us a "heads up", it should be easy to understand that a major change in the value of the IQD would happen when the world is distracted... like, by a bloodbath in one of the hottest topics on the planet right now? In case you live under a rock, I'll explain - the cryptosphere is currently in meltdown mode. "Huge losses", "Major crash", "The End Of It All"! That's what the media is screaming right now... and nobody is even paying attention to Iraq. [post 1 of 2....stay tuned]
1-17-2018 Intel Guru Frank26 [At one time they said the Dong would come out with the Dinar... Is it going to be in that basket?] NOT THE ONE THAT WE ARE TEACHING ABOUT...IT WILL CONTAIN ABOUT 6 CURRENCIES AND THE DONG IS NOT ONE OF THEM...MY STANCE HAS NOT CHANGED ON THE DONG...I BELIEVE IT TO BE EVOLVING AND GROWING IN VALUE AND STRENGTH BUT DUE TO CHINA I THINK THEY STILL HAVE SOME TIME TO GO BEFORE THEY CONSIDER AN RV JUMP.
1-17-2018 Intel Guru Bruce Iraq is still under blackout. They did have a rate change already. People that have the so called Qi cards from Iraq that are citizens were paid on these cards. These people are getting paid at a real in country revalued rate on their Qi cards. That just changed for them 7 to 8 spending power than they had. We understand late last night [Monday] what had happened globally was there was a system reboot on all banking systems around the world. They were getting resynced on two things. 1) A new satellite that was coordinating everything under the new banking system. 2) They were being connected to new rates as was going to happen last night from the Forex. We got evidence the Forex is up and changed with new rates. You and I can’t see them and professional traders can see them. ...we know we are in good shape to begin pretty soon. I have heard the John Q Public will start in about a week or so. As far as I am aware, things are still on track....it appears is we are exactly where we need to be time wise.
1-16-2018 Intel Guru Frank26 [Is the conference in Kuwait have any bearing on Timing?] NO...ALSO IMO... THEY BETTER BE DONE BEFORE THE KW CONFERENCE …OR RISK LOSING CONFIDENCE.
1-16-2018 Intel Guru Blaino CLOCK IS TICKING! WE ARE CLOSE, CLOSE, CLOSE.
1-16-2018 Newshound/Intel Guru Mnt Goat Many are telling you that the new rate would show up on the CBI site on last Friday 1/12. I can assure you we will first see the it on FOREX rather than on the CBI site... At this point in time all I can tell everyone is to have patience. We are still within the month of January and over two weeks remain in January. I still fully expect it to come out in January but the clock is ticking.
1-16-2018 Intel/Newshound Guru sandyf [so you do not subscribe to the float theory?] Following the invasion of Kuwait there was no contact between the Saddam regime and the IMF so there was no recognized rate. It wasn't until around 1999 that the IMF recognised a rate of 1750, but how it got there is pure speculation. In Oct 2003 General Hugh Tant was responsible for the introduction of the new dinar ant that was done at a rate of 1955. ...and no to the float. Apart from it not doing anyone any favors, it is not something an emerging economy would do as they need a stable environment...
1-16-2018 Newshound Guru chattels Interesting historical information: Question: Mr. Tant, How does your office determine the correct rate of exchange for the new Iraqi currency, that for all intents and purposes, is virtually worthless in the world's markets? Hugh Tant III [Former Iraqi Currency Exchange Director]: The Central Bank of Iraq conducts a 'foreign exchange auction' process about 3 times per week to help ensure the new currency is stable. This process helps determine the exchange rate. At the moment, due to Iraqi exchange controls, the currency is not exchanged outside Iraq. This is likely to change in the future as Iraq continues to be welcomed back into the international financial community. As oil exports increase and more funds are invested in Iraqi goods and services from outside the country, it is expected that the new Iraqi Dinar will appreciate in value over the long-term.
1-16-2018 Newshound/Intel Guru Mnt Goat But eventually the CBI must make its next move and act upon the process they wanted to go ahead with and then they will talk to us again more directly. They will do this in articles using the news media. Then we will have the solid proof we need and have been waiting for. However, this is only going to happen once the USA does it part in the agreement made just weeks ago to let the re-instatement occur. So far we wait for this next step by the USA. [post 2 of 2]
1-16-2018 Newshound/Intel Guru Mnt Goat Many people have different ways to bring the news. My approach is centered around the Central Bank. From this process with the CBI I am talking about is the “project to delete the zeros”. It is by this process and ONLY by this process that we will get close to any RV timeframe. I can tell you I know for the FACT that the official re-instatement of the Iraqi dinar has already happened on paper but I have no solid proof of it to give you, such as an article or something. I took a chance on telling you as I debated not to. I thought you should know. [post 1 of 2....stay tuned]
1-16-2018 Intel Guru Frank26 [Is the CBI satisfied there are adequate correspondent banking relationships to support the number of international transactions needed when the IQD is reinstated?] BY NOW I BELIEVE SO...IT WASN’T JUST THE CBI THAT ATTENDED THE CLASSES...MANY WERE THERE...SO I BELIEVE MANY BANKS LIKED WHAT THE CBI WAS DOING WITH THE UST AND IMF THAT THEY ARE ALREADY CORRESPONDING WITH AT AN INTERNATIONAL LEVEL NOW.
1-16-2018 Intel Guru Blaino CLOCK IS TICKING! WE ARE CLOSE, CLOSE, CLOSE.
1-16-2018 Newshound/Intel Guru Mnt Goat Many are telling you that the new rate would show up on the CBI site on last Friday 1/12. I can assure you we will first see the it on FOREX rather than on the CBI site... At this point in time all I can tell everyone is to have patience. We are still within the month of January and over two weeks remain in January. I still fully expect it to come out in January but the clock is ticking.
1-16-2018 Intel/Newshound Guru sandyf [so you do not subscribe to the float theory?] Following the invasion of Kuwait there was no contact between the Saddam regime and the IMF so there was no recognized rate. It wasn't until around 1999 that the IMF recognised a rate of 1750, but how it got there is pure speculation. In Oct 2003 General Hugh Tant was responsible for the introduction of the new dinar ant that was done at a rate of 1955. ...and no to the float. Apart from it not doing anyone any favors, it is not something an emerging economy would do as they need a stable environment...
1-16-2018 Newshound Guru chattels Interesting historical information: Question: Mr. Tant, How does your office determine the correct rate of exchange for the new Iraqi currency, that for all intents and purposes, is virtually worthless in the world's markets? Hugh Tant III [Former Iraqi Currency Exchange Director]: The Central Bank of Iraq conducts a 'foreign exchange auction' process about 3 times per week to help ensure the new currency is stable. This process helps determine the exchange rate. At the moment, due to Iraqi exchange controls, the currency is not exchanged outside Iraq. This is likely to change in the future as Iraq continues to be welcomed back into the international financial community. As oil exports increase and more funds are invested in Iraqi goods and services from outside the country, it is expected that the new Iraqi Dinar will appreciate in value over the long-term.
1-16-2018 Newshound/Intel Guru Mnt Goat But eventually the CBI must make its next move and act upon the process they wanted to go ahead with and then they will talk to us again more directly. They will do this in articles using the news media. Then we will have the solid proof we need and have been waiting for. However, this is only going to happen once the USA does it part in the agreement made just weeks ago to let the re-instatement occur. So far we wait for this next step by the USA. [post 2 of 2]
1-16-2018 Newshound/Intel Guru Mnt Goat Many people have different ways to bring the news. My approach is centered around the Central Bank. From this process with the CBI I am talking about is the “project to delete the zeros”. It is by this process and ONLY by this process that we will get close to any RV timeframe. I can tell you I know for the FACT that the official re-instatement of the Iraqi dinar has already happened on paper but I have no solid proof of it to give you, such as an article or something. I took a chance on telling you as I debated not to. I thought you should know. [post 1 of 2....stay tuned]
1-16-2018 Intel Guru Frank26 [Is the CBI satisfied there are adequate correspondent banking relationships to support the number of international transactions needed when the IQD is reinstated?] BY NOW I BELIEVE SO...IT WASN’T JUST THE CBI THAT ATTENDED THE CLASSES...MANY WERE THERE...SO I BELIEVE MANY BANKS LIKED WHAT THE CBI WAS DOING WITH THE UST AND IMF THAT THEY ARE ALREADY CORRESPONDING WITH AT AN INTERNATIONAL LEVEL NOW.
1-15-2018 Newshound Guru G-Lin Article: "Governor of the Central Bank: Iraq's financial situation continues to improve" ...I like this. "the bank's reserve remains at the level of adequacy and covers the local currency and more."
1-15-2018 Newshound Guru MilitiaMan ...it is not just in Iraq that is possible, Al-Rafidain is flat out telling us they can do it in Beirut, Amman and Abu Dhabi. They are internationally doing so. That suggests if they can turn on Baghdad and the Kurd's, then in Beirut, Amman and Abu Dhabi, they can probably pin point anyone they desire and anywhere. Digital is digital and with Block chain being in the loop, it is becoming easier to not only execute transactions, but, can be monitored with precision. Let that sink in with all it's implications. These two articles may not be the two we look for, but, boy are they full of Stars.. imo. [post 2 of 2]
1-15-2018 Newshound Guru MilitiaMan Articles: "Haidar financial transactions between the banks of Baghdad and the Kurdistan region have returned to normal" "The MasterCard International has been issued at branches in Amman and Abu Dhabi for Iraqis living there to receive their financial dues,"..." ...the timing of the process is well underway to completion. Financial transactions between Baghdad and the Kurdistan region are back to normal. In other words are turned back on. Don't think for a moment "turned on" takes a lot of time to do so. It is instant now with the new Fintech in Iraq as noted by the CBIs capabilities. [post 1 of 2....stay tuned]
1-15-2018 Intel Guru RayRen98 FOREX DID NOT SHOW NEW RATES "YET" - WE CONTINUE TO WAIT TO SEE WHAT HAPPENS WITH BANKS ON TUESDAY.
1-15-2018 Intel Guru Jester [...is there anything good, bad or indifferent you could tell us about the progress of the plan?] JUST THAT IT IS UNDERWAY... THEY ARE NOT GIVING ME THE DETAILS... [anything more from the Sandbox?] IF THERE WAS I WOULD TELL YOU... THINGS ARE COMING TOGETHER...BUT NOT QUITE THERE YET...
1-15-2017 Intel Guru Frank26 [IYO we were expecting the 72-78 to begin the countdown on the first day of the RV/MR…since events seem to be changing can you elaborate if this has begun already since we are in the RI or does it still begin with the CBI rate change?] NO I SAID ON THE FIRST DAY OF THE
RI OF THE MR... I ALSO SAID WE DO NOT HAVE AN OFFICIAL ANNOUNCEMENT OF THE RI SO THE 72/78 HAS NOT STARTED WITH MY TEAMS...WE ALSO RECENTLY TOLD YOU THAT THAT TIME FRAME WILL CONTAIN A 1:1...OR SLIGHTLY OVER...VIA A CONTROLLED FLOAT...THAT 72/78 DAYS LATER THE RV IS BORN AND STILL CONTROLLED TO A CAP OF WHERE THEY HAVE AGREED.
1-15-2018 Newshound Guru mike Article: "Officially .. Morocco begins gradually float its currency this week" Quote: "The authorities have entered the final preparatory phase for the introduction of greater exchange rate flexibility in 2017" These are the types of articles we're looking for to come out of Iraq prior to a float. There are several parallels to what Iraq is trying to accomplish, Egypt and Morrocco are the latest. When we start seeing articles that talk about support for a transition as well the conditions are right for a move to a float, we'll know we're getting close. Morocco is already in Article VIII compliance, that's the first hurdle Iraq needs to get over before we'll see articles like the above. IMO.
1-15-2018 Newshound Guru MilitiaMan ...it is not just in Iraq that is possible, Al-Rafidain is flat out telling us they can do it in Beirut, Amman and Abu Dhabi. They are internationally doing so. That suggests if they can turn on Baghdad and the Kurd's, then in Beirut, Amman and Abu Dhabi, they can probably pin point anyone they desire and anywhere. Digital is digital and with Block chain being in the loop, it is becoming easier to not only execute transactions, but, can be monitored with precision. Let that sink in with all it's implications. These two articles may not be the two we look for, but, boy are they full of Stars.. imo. [post 2 of 2]
1-15-2018 Newshound Guru MilitiaMan Articles: "Haidar financial transactions between the banks of Baghdad and the Kurdistan region have returned to normal" "The MasterCard International has been issued at branches in Amman and Abu Dhabi for Iraqis living there to receive their financial dues,"..." ...the timing of the process is well underway to completion. Financial transactions between Baghdad and the Kurdistan region are back to normal. In other words are turned back on. Don't think for a moment "turned on" takes a lot of time to do so. It is instant now with the new Fintech in Iraq as noted by the CBIs capabilities. [post 1 of 2....stay tuned]
1-15-2018 Intel Guru RayRen98 FOREX DID NOT SHOW NEW RATES "YET" - WE CONTINUE TO WAIT TO SEE WHAT HAPPENS WITH BANKS ON TUESDAY.
1-15-2018 Intel Guru Jester [...is there anything good, bad or indifferent you could tell us about the progress of the plan?] JUST THAT IT IS UNDERWAY... THEY ARE NOT GIVING ME THE DETAILS... [anything more from the Sandbox?] IF THERE WAS I WOULD TELL YOU... THINGS ARE COMING TOGETHER...BUT NOT QUITE THERE YET...
1-15-2017 Intel Guru Frank26 [IYO we were expecting the 72-78 to begin the countdown on the first day of the RV/MR…since events seem to be changing can you elaborate if this has begun already since we are in the RI or does it still begin with the CBI rate change?] NO I SAID ON THE FIRST DAY OF THE
RI OF THE MR... I ALSO SAID WE DO NOT HAVE AN OFFICIAL ANNOUNCEMENT OF THE RI SO THE 72/78 HAS NOT STARTED WITH MY TEAMS...WE ALSO RECENTLY TOLD YOU THAT THAT TIME FRAME WILL CONTAIN A 1:1...OR SLIGHTLY OVER...VIA A CONTROLLED FLOAT...THAT 72/78 DAYS LATER THE RV IS BORN AND STILL CONTROLLED TO A CAP OF WHERE THEY HAVE AGREED.
1-15-2018 Newshound Guru mike Article: "Officially .. Morocco begins gradually float its currency this week" Quote: "The authorities have entered the final preparatory phase for the introduction of greater exchange rate flexibility in 2017" These are the types of articles we're looking for to come out of Iraq prior to a float. There are several parallels to what Iraq is trying to accomplish, Egypt and Morrocco are the latest. When we start seeing articles that talk about support for a transition as well the conditions are right for a move to a float, we'll know we're getting close. Morocco is already in Article VIII compliance, that's the first hurdle Iraq needs to get over before we'll see articles like the above. IMO.
1-14-2018 Intel Guru Frank26 [What do you think is the trigger for the UST to release?] ...BE CAREFUL AS YOU READ THIS ANSWER FROM ME...IMO...THE TRIGGER HAS BEEN PULLED...IMO..IT JUST NEEDS TO BE OFFICIALLY ANNOUNCED... BY IRAQ...VIA THE UST.
1-14-2018 Newshound Guru mike Article: "Abadi: Iraq on the verge of building stage after the end of page terrorism" Abadi's whole strategy is based on the Kuwaiti conference and the handouts he's expecting from the world. I'm not booing or hissing, but I think his strategy is deeply flawed. I'm still waiting for Abadi to pass the long overdue related legislation for the open market economy, let alone the 2018 budget. I've been reading these fluffer articles from Iraq for years now, this sounds the same as when Maliki says he's going to use Iraq's constitution to resolve differences between the sects. Quit telling me how awesome it's going to be in Iraq and maybe pass the HCL or implement Article 140. Open up the country for investment... That's when you'll see me clapping.
1-14-2018 Intel Guru Frank26 Article: "Deputy: State financial administration caused the waste of Iraqi money" Quote: "...noting that "the oil sold for $76 and the amount of export three and a half million Barrel per day... " IOO WE EXPECTED BETWEEN 70 TO 100 AT START OF YEAR...IT’S GETTING THERE.
1-14-2018 Newshound Guru mike Article: "Abadi: Iraq on the verge of building stage after the end of page terrorism" Abadi's whole strategy is based on the Kuwaiti conference and the handouts he's expecting from the world. I'm not booing or hissing, but I think his strategy is deeply flawed. I'm still waiting for Abadi to pass the long overdue related legislation for the open market economy, let alone the 2018 budget. I've been reading these fluffer articles from Iraq for years now, this sounds the same as when Maliki says he's going to use Iraq's constitution to resolve differences between the sects. Quit telling me how awesome it's going to be in Iraq and maybe pass the HCL or implement Article 140. Open up the country for investment... That's when you'll see me clapping.
1-14-2018 Intel Guru Frank26 Article: "Deputy: State financial administration caused the waste of Iraqi money" Quote: "...noting that "the oil sold for $76 and the amount of export three and a half million Barrel per day... " IOO WE EXPECTED BETWEEN 70 TO 100 AT START OF YEAR...IT’S GETTING THERE.
1-13-2018 Newshound Guru Aggiedad77 Article: "Iraq calls on Europe to lift its air embargo" Quote: "Officials of the Ministry of Transport held a meeting with the Ambassador of the European Union Mission to Baghdad to discuss lifting the air embargo on Iraqi Airways." Watch as the green bird spreads its wings once again as well as shares the Mother Nest with other birds in the air...Who benefits...well Iraq of course...at a program rate IMO this effort would be fruitless...bring forth these behemoth birds and watch as Iraq rises to the air space once again into markets it has been kept from for a number of years...IMO...the Eagle has not only LANDED...but it once again will soon be SOARING...be READY...as it is LAUNCHED.
1-13-2018 Newshound Guru G-Lin Article: "Russia drops debts to three Arab countries worth $ 36 billion" Quotes: "Russia has decided to drop 21.5 billion dollars in sovereign debt to Iraq..." "Storchak noted that the $ 140 billion would be due to the re-calculation of current exchange rates and that the debts would result from the supply of weapons and defense equipment." My thinking was why even mention "current exchange rate" unless you intend to see a change in rate?
1-13-2018 Newshound/Intel Guru Mnt Goat Article: "WASHINGTON ENCOURAGES BAGHDAD TO PAY THE SALARIES OF EMPLOYEES OF THE KURDISTAN REGION" this is important because the recent SBA with the IMF clearly states that Iraq must be able to pay all its debts both foreign and domestic. We suspect the SBA reforms is leading towards currency reform.
1-13-2018 Newshound Guru Aggiedad77 THE ARTICLES KEEP GETTING GOODER AND GOODERER... IMO....IMSO WE ARE SEEING GREAT THINGS UNFOLD...THE CBI IS TALKING AGAIN...OR MAYBE I SHOULD SAY STILL...WHAT SIGNALS ARE THEY CALLING, NOT FROM THE HUDDLE BUT FROM THE LINE OF SCRIMMAGE...OR MAYBE THOSE SIGNALS ARE BEING CALLED AS THE BALL BOUNCES DOWN THE COURT, READING THE DEFENSE LIKE A MARKED DECK OF CARDS...SIGNALS BEING THROWN LEFT AND RIGHT THROUGH THESE ARTICLES, EITHER FROM THE CBI OR BY SOME OF THEIR MORE PROMINENT BANKS IMO.... AGAIN IMSO...THIS LEADS ME TO THINK THERE WILL BE A PLETHORA OF INFORMATION AS WE WALK INTO THIS NEXT WEEK...WAIT... OH YES WE SHALL WAIT...BECAUSE WE HAVE TO...NO...BECAUSE WE WANT TO...WHY...BECAUSE WE KNOW THE BEST IS COMING...WAIT FOR IT...IMO.
1-13-2018 Newshound Guru G-Lin Article: "Russia drops debts to three Arab countries worth $ 36 billion" Quotes: "Russia has decided to drop 21.5 billion dollars in sovereign debt to Iraq..." "Storchak noted that the $ 140 billion would be due to the re-calculation of current exchange rates and that the debts would result from the supply of weapons and defense equipment." My thinking was why even mention "current exchange rate" unless you intend to see a change in rate?
1-13-2018 Newshound/Intel Guru Mnt Goat Article: "WASHINGTON ENCOURAGES BAGHDAD TO PAY THE SALARIES OF EMPLOYEES OF THE KURDISTAN REGION" this is important because the recent SBA with the IMF clearly states that Iraq must be able to pay all its debts both foreign and domestic. We suspect the SBA reforms is leading towards currency reform.
1-13-2018 Newshound Guru Aggiedad77 THE ARTICLES KEEP GETTING GOODER AND GOODERER... IMO....IMSO WE ARE SEEING GREAT THINGS UNFOLD...THE CBI IS TALKING AGAIN...OR MAYBE I SHOULD SAY STILL...WHAT SIGNALS ARE THEY CALLING, NOT FROM THE HUDDLE BUT FROM THE LINE OF SCRIMMAGE...OR MAYBE THOSE SIGNALS ARE BEING CALLED AS THE BALL BOUNCES DOWN THE COURT, READING THE DEFENSE LIKE A MARKED DECK OF CARDS...SIGNALS BEING THROWN LEFT AND RIGHT THROUGH THESE ARTICLES, EITHER FROM THE CBI OR BY SOME OF THEIR MORE PROMINENT BANKS IMO.... AGAIN IMSO...THIS LEADS ME TO THINK THERE WILL BE A PLETHORA OF INFORMATION AS WE WALK INTO THIS NEXT WEEK...WAIT... OH YES WE SHALL WAIT...BECAUSE WE HAVE TO...NO...BECAUSE WE WANT TO...WHY...BECAUSE WE KNOW THE BEST IS COMING...WAIT FOR IT...IMO.
1-12-2018 Intel Guru RayRen98 ...there was information about the currencies going live on Forex yesterday; they have not gone live yet, on Friday. Our schedule still indicates the 15th or 16th that we should be looking to see the currencies on Forex, and that some of us should be exchanging prior to that. Right now could something pop out in the next 30 minutes? Sure... based on the things they've been telling us. The wheel is turning. Definitely a fire in the oven I believe. For all intents and purposes we are almost there. All the things we wanted to see done over there are done. We are in the final stretches still. We just have to wait and let it come on through.
1-12-2018 Newshound Guru G-Lin Article: "Mehdi Alaq discusses with the heads of business councils and economic unions the investment climate" Quote: "Discussed by the Secretary-General of the Council of Ministers d. Mahdi Al-Alak, the main recommendations to ensure an appropriate climate for investment, with a number of heads of councils, financial and economic unions and Iraqi businessmen and investors." This is big deal. This first quarter is shaping up.
1-12-2018 Newshound/Intel Guru Mnt Goat It should be obvious to everyone that something is holding up the final stages of the re-instatement of the Iraqi dinar. I know for a FACT that agreements have been made and as far as Iraq is concerned they await the US to process the revaluation. So, we too wait.
1-12-2018 Newshound Guru Don961 Article: "Amendments to the new Central Bank Law" ...already passed and in the Official Gazette...or as our basketball announcer says..."This one is in the bank and drawing interest !!"... (wink)
1-12-2018 Intel Guru Bruce Iraq is basically under way. They have done everything we know of except having their rate posted for their Iraqi dinar on their CBI website. My understanding...is they intend to show that rate tomorrow [Friday]. Iraq is still under major information black out in or out of Iraq. The only way we know anything is by calling our direct contacts who have family in Iraq and we get a little bit by phone. For example we know some of the contacts that we have are Iraqi citizens that have dual citizenship and live in the United States were told they will be getting a major raise in their accounts through Rafidain Bank between today and January 13th. That is a good indicator when they are told they will have an increase to their pay due to retirement, or increase their profit sharing from their oil revenues. All those raises reflect due to a rate change as well. Things are moving it appears from east to west. We had a black out of information out of Iraq and also true in communication normally made by the large international banks. Their communications had a cease and desist order. That is a good sign that things are really happening.
1-12-2018 Newshound/Intel Guru Mnt Goat This system has been tested and retested. We witnessed all this in mid to late 2012 and many got all excited when rates of $42 were showing up at the banks back then. Later we learned this was just the testing being conducted. Rates have come and gone at the banks as the sending them down to the banks in a timely manner is a major part of the new “secured” process. This is why we keep seeing rates changing over and over again at the banks. These rates mean nothing as to the final rates will come down just prior to the final launch. These rates have been giving us a general idea on the value expected. So, this is where we stand with this re-instatement and I can assure you the CBI will not take any further action over in Iraq until they have an assurance this process in USA is completed or near a certain stage. They have been caught with their “pants down” and embarrassed on many of the other attempts that were abruptly halted and so they are not going down this road again. [post 2 of 2]
1-12-2018 Newshound/Intel Guru Mnt Goat ...let me first make sure everyone is clear on what I said about the re-instatement of the Iraqi dinar. I said that it did happen - meaning that a conference was held between all important decision-making parties. It was then agreed to pursue the final stages of the re-instatement of the currency. Paperwork was signed and hands shaken, etc. So now it is up to the US Treasury Dept to fulfill its role in this effort. They have a contract with the IMF to rollout a new software process that will send “secured” data files downstream to the exchanges and other places they need to go to overlay a set of existing currency rates with new rates. [post 1 of 2....stay tuned]
1-12-2018 Newshound Guru G-Lin Article: "Mehdi Alaq discusses with the heads of business councils and economic unions the investment climate" Quote: "Discussed by the Secretary-General of the Council of Ministers d. Mahdi Al-Alak, the main recommendations to ensure an appropriate climate for investment, with a number of heads of councils, financial and economic unions and Iraqi businessmen and investors." This is big deal. This first quarter is shaping up.
1-12-2018 Newshound/Intel Guru Mnt Goat It should be obvious to everyone that something is holding up the final stages of the re-instatement of the Iraqi dinar. I know for a FACT that agreements have been made and as far as Iraq is concerned they await the US to process the revaluation. So, we too wait.
1-12-2018 Newshound Guru Don961 Article: "Amendments to the new Central Bank Law" ...already passed and in the Official Gazette...or as our basketball announcer says..."This one is in the bank and drawing interest !!"... (wink)
1-12-2018 Intel Guru Bruce Iraq is basically under way. They have done everything we know of except having their rate posted for their Iraqi dinar on their CBI website. My understanding...is they intend to show that rate tomorrow [Friday]. Iraq is still under major information black out in or out of Iraq. The only way we know anything is by calling our direct contacts who have family in Iraq and we get a little bit by phone. For example we know some of the contacts that we have are Iraqi citizens that have dual citizenship and live in the United States were told they will be getting a major raise in their accounts through Rafidain Bank between today and January 13th. That is a good indicator when they are told they will have an increase to their pay due to retirement, or increase their profit sharing from their oil revenues. All those raises reflect due to a rate change as well. Things are moving it appears from east to west. We had a black out of information out of Iraq and also true in communication normally made by the large international banks. Their communications had a cease and desist order. That is a good sign that things are really happening.
1-12-2018 Newshound/Intel Guru Mnt Goat This system has been tested and retested. We witnessed all this in mid to late 2012 and many got all excited when rates of $42 were showing up at the banks back then. Later we learned this was just the testing being conducted. Rates have come and gone at the banks as the sending them down to the banks in a timely manner is a major part of the new “secured” process. This is why we keep seeing rates changing over and over again at the banks. These rates mean nothing as to the final rates will come down just prior to the final launch. These rates have been giving us a general idea on the value expected. So, this is where we stand with this re-instatement and I can assure you the CBI will not take any further action over in Iraq until they have an assurance this process in USA is completed or near a certain stage. They have been caught with their “pants down” and embarrassed on many of the other attempts that were abruptly halted and so they are not going down this road again. [post 2 of 2]
1-12-2018 Newshound/Intel Guru Mnt Goat ...let me first make sure everyone is clear on what I said about the re-instatement of the Iraqi dinar. I said that it did happen - meaning that a conference was held between all important decision-making parties. It was then agreed to pursue the final stages of the re-instatement of the currency. Paperwork was signed and hands shaken, etc. So now it is up to the US Treasury Dept to fulfill its role in this effort. They have a contract with the IMF to rollout a new software process that will send “secured” data files downstream to the exchanges and other places they need to go to overlay a set of existing currency rates with new rates. [post 1 of 2....stay tuned]
1-11-2018 Intel Guru RayRen98 GOOD INFO IS FLOWING OUR WAY... KEEP AN EYE OPEN ON THE DEALERS AND ON FOREX...THINGS MIGHT UNFOLD RIGHT BEFORE YOUR VERY EYES. IT APPEARS THAT WE ARE STILL 'ON SCHEDULE' AND POSSIBLY, JUST POSSIBLY, A LITTLE AHEAD.
[reference Guru RayRen98 1-10-2018]
1-11-2018 Intel Guru Frank26 ...IT IS FROM E TO W NOW AND IN THE HANDS OF THE USA...T...UST...IMF. ...IMO THE POURING IN KNOWS SOMETHING WE DO NOT...LIKE MY FRIEND WS [Guru Walkingstick]. THESE ARE THE ...ALOHA DAYS...
1-11-2018 Newshound/Intel Guru BGG Article: "Abadi Gives Corrupt Individuals Two Options: Return Money or Face Prison" A quick look back to November of 2017 for those saying Abadi is as corrupt as all the rest and will do nothing about Maliki. I do not believe this to be the case.
1-11-2018 Newshound/Intel Guru Mnt Goat Article: "PRESENTATION OF THE DRAFT BUDGET BILL FOR 2018 IN PARLIAMENT THIS WEEK" ...I do not believe this budget has much impact on the RV since the last couple years the budget was out of the DFI process already and the DFI fund is closed out, as we recently heard. However, this is the VERY FIRST budget for Iraq since being taken “fully” out of Chapter VII sanctions.
1-11-2018 Newshound Guru Don961 Article quote: "Nymex crude futures for February delivery rose 0.7 percent to $ 64.03 a barrel by 10:51 am GMT." Oil is rebounding and the Nymex is above $ 64 for the first time since 2014
11 January 2018 02:13 PM.
1-11-2018 Newshound Guru G-Lin Article: "Iraq and Saudi Arabia discuss the formation of a joint economic coordination council" Quote: "the ministry's approach to opening up to the private sector for the purpose of concluding partnership agreements under the Companies Law, which allowed government companies to contract with Arab and foreign companies..." The Companies Law was very important. It helps open Iraq up to foreign investors. And I love this statement: "Iraq's possession of minerals. The largest in the region".
1-11-2018 Newshound Guru mike I've been in this since 2011, the glory days of the dinar. ...I've sure learned a lot about ME politics since then...I'm convicted by the evidence on what Iraq needs to move forward economically and the pumper articles don't move the needle anymore...we'll all know when we're "close," it's when the street rate has held at 2% or less for 90 days and the exchange restrictions are removed.
1-11-2018 Newshound Guru Adam Montana [I am seeing that oil is up to 63 bucks...what do you think it will get to before they decides to pull the trigger?] I think the current price is just fine! More important is the HCL.
[reference Guru RayRen98 1-10-2018]
1-11-2018 Intel Guru Frank26 ...IT IS FROM E TO W NOW AND IN THE HANDS OF THE USA...T...UST...IMF. ...IMO THE POURING IN KNOWS SOMETHING WE DO NOT...LIKE MY FRIEND WS [Guru Walkingstick]. THESE ARE THE ...ALOHA DAYS...
1-11-2018 Newshound/Intel Guru BGG Article: "Abadi Gives Corrupt Individuals Two Options: Return Money or Face Prison" A quick look back to November of 2017 for those saying Abadi is as corrupt as all the rest and will do nothing about Maliki. I do not believe this to be the case.
1-11-2018 Newshound/Intel Guru Mnt Goat Article: "PRESENTATION OF THE DRAFT BUDGET BILL FOR 2018 IN PARLIAMENT THIS WEEK" ...I do not believe this budget has much impact on the RV since the last couple years the budget was out of the DFI process already and the DFI fund is closed out, as we recently heard. However, this is the VERY FIRST budget for Iraq since being taken “fully” out of Chapter VII sanctions.
1-11-2018 Newshound Guru Don961 Article quote: "Nymex crude futures for February delivery rose 0.7 percent to $ 64.03 a barrel by 10:51 am GMT." Oil is rebounding and the Nymex is above $ 64 for the first time since 2014
11 January 2018 02:13 PM.
1-11-2018 Newshound Guru G-Lin Article: "Iraq and Saudi Arabia discuss the formation of a joint economic coordination council" Quote: "the ministry's approach to opening up to the private sector for the purpose of concluding partnership agreements under the Companies Law, which allowed government companies to contract with Arab and foreign companies..." The Companies Law was very important. It helps open Iraq up to foreign investors. And I love this statement: "Iraq's possession of minerals. The largest in the region".
1-11-2018 Newshound Guru mike I've been in this since 2011, the glory days of the dinar. ...I've sure learned a lot about ME politics since then...I'm convicted by the evidence on what Iraq needs to move forward economically and the pumper articles don't move the needle anymore...we'll all know when we're "close," it's when the street rate has held at 2% or less for 90 days and the exchange restrictions are removed.
1-11-2018 Newshound Guru Adam Montana [I am seeing that oil is up to 63 bucks...what do you think it will get to before they decides to pull the trigger?] I think the current price is just fine! More important is the HCL.
1-10-2018 Newshound Guru Adam Montana Every morning I wake up and think to myself, "Is anything different or concerning about Iraq today?" As of this writing, the answer is NOPE! In fact, there is some positive news about Iraq's banking industry being accepted and even praised for being top notch. This is imperative for Iraq to move forward with a supported raise in the value of their currency. Another thing I look for is the HCL. Are there any new reports? As of this morning, it's been 6 months or so since we saw MAJOR movement on the HCL. With that said, it's pretty easy to understand why we're seeing such a lull in "things that indicate an RV"... What IS an issue right now is this - WHEN will we see some HCL news? Where is the progress?! Here's something that's a bit encouraging: I'm guessing that once that issue is resolved [Kurdish relations], we will see the HCL back on the table, and that's when the dinar will see some urgency again.
1-10-2018 Intel Guru RayRen98 Everything looks basically the same as on Monday. We did have some banks that communicated to members that we are in a 24-hour window. That came out yesterday, so they are expecting to do something sometime today, or at least they expected that yesterday...At least the banks had a special meeting on Monday, all hush-hush, and members have told us that their banks say they are expecting memos and such. Everyone is in a state of high expectation. So far as we know, the plan is still in place for exchanges to begin before the Forex release around the 15th, give or take a day because of the MLK holiday...We are waiting for updates on the progress of that plan. We expect the dinar to go up, riding the wave on Forex, and are hearing that other currencies may well do the same.
1-10-2018 Newshound/Intel Guru BGG Article: "How to recognize the counterfeit Iraqi currency" Here are a few obvious points…1) I find it a little curious all this recent “float vs. no-float” talk in the marketplace lately. 2) Dated today, the CBI decides to put a “how to spot fake currency” memo…3) Did anyone happen to notice the last 3 notes? [referencing picture] I had to go back to my currency and dig out these notes to figure out what they were. That is a 1k, a 500 Dinar and a 250 Dinar note. WHY IN THE WORLD WOULD THE CBI BOTHER TELLING ANYONE HOW TO SPOT A FAKE 1K, 500 Dinar and 250 Dinar note?? The 1k is worth less than $1 right now… the 500 is about .50 and the 250 is not even worth a quarter!!
1-10-2018 Newshound/Intel Guru Mnt Goat I still believe we are in an unprecedented position to see the results of the re-instatement of the Iraqi dinar very soon. Know one will know the exact date or time. No one will know the exact rate until it finally shows up at the banks (and is tradable AT THAT RATE). ...I have to tell you that the news could not get any better and you know I verify everything. I am told there is a target within the next couple weeks for the FOREX (and other international currency exchanges) to show the rate. I told everyone what I knew was that Iraq would do an internal re-instatement then wait until the US Treasury rolls out the revaluation and to the global exchanges. I do not want to get into a count down because no one really knows just exactly how long this delay period will be. I was told to expect 2-3 weeks. This will bring us to the end of January, which is within the window the CBI just told me days ago, is still the target.
1-10-2018 Intel Guru Bruce As far as the rate, I can tell you we have people that are trading the dinar on preloads or futures. The last rates I heard yesterday during that situation of trading were approaching $6. That is a good sign as to where the dinar might roughly may come out initially. We think it might come out and go up, but we don’t know how far. Remember what Dr Shabi said from Iraq in December 2012 about Iraqi dinar being able support a rate of $16? Don’t know if that will be initially, but I can tell you they are very proud and happy. [post 3 of 3]
1-10-2018 Intel Guru Bruce What is interesting is this. 1) The fact they were there to resign new agreements and put new business deals together in Iraq based on a new rate. 2) The fact there is a total internet blackout worldwide from Iraq right now. 3) Tomorrow is supposed to be a major day of celebration in Iraq, a day of reconciliation, a freedom day. I don’t remember exactly what they are calling, but they have some of those words in it. That is something that we understand maybe the opportunity to actually finally put out their new rate or to make it internationally publicly known. Since that has not been the case, and that is why the internet in Iraq is completely blackened out because they are getting ready to do that. [post 2 of 3....stay tuned]
1-10-2018 Intel Guru Bruce It is interesting because we are getting a lot of good things pointing to the timing being now, meaning this week for us. Remember awhile back I had said we had 112 companies represented with 89 different countries in Iraq and they were doing business signing up and getting ready to get started? That has been a month or so. Guess what? They are back. They started coming in droves Saturday and Sunday into Iraq to sort of re-ink new agreements with Iraq’s new value rate on their dinar. [post 1 of 3....stay tuned]
1-10-2018 Newshound Guru MilitiaMan We all know by now they have introduced new ATMs in the country. They are going to need a medium of exchange of course, however, as here in the USA we use more and more debt cards than cash, no different for Iraq into the future and keep in mind this Marshal Plan they are going through is going to be in technical terms far more advanced in Finance than back in Germany and Japan. They have now have access to the best banking features in the world! Let us not forget that there is a mind by the CBI to use 50k and 100K notes in the future. Realize they are 3 Zero notes, however, they are not necessarily for the overall public. The public may want some if they can afford them, but, large transactions will be there utility. E-Dinar will be used for personal and commercial transactions. Very powerful information over the last 24 hours, imo!! [post 2 of 2]
1-10-2018 Newshound Guru MilitiaMan Articles “Know Your Currency” The article showing security features of their currency at this time frame is if not one of the two articles we seek, it sure is a contender for one of them, imo.! For the 250, 500 and 1,000 note to be openly used by the CBI noted in the article for security features, is for a good reason that we all should see right out the gate...There is no reason to worry about those notes with present 1184 program rate, now add the international calculation into the mix and you have a very valid reason to make people aware for what they have and own... And if one is a veteran in this investment, one better have had that on ones mind a long time ago! imo. It clearly is now (imo) a signal to every one that may own or will be using the new notes we expect in the near (Let's hope immediate future.) future to be part of the quiver of currencies coming soon not to discard. [post 1 of 2....stay tuned]
1-10-2018 Intel Guru RayRen98 Everything looks basically the same as on Monday. We did have some banks that communicated to members that we are in a 24-hour window. That came out yesterday, so they are expecting to do something sometime today, or at least they expected that yesterday...At least the banks had a special meeting on Monday, all hush-hush, and members have told us that their banks say they are expecting memos and such. Everyone is in a state of high expectation. So far as we know, the plan is still in place for exchanges to begin before the Forex release around the 15th, give or take a day because of the MLK holiday...We are waiting for updates on the progress of that plan. We expect the dinar to go up, riding the wave on Forex, and are hearing that other currencies may well do the same.
1-10-2018 Newshound/Intel Guru BGG Article: "How to recognize the counterfeit Iraqi currency" Here are a few obvious points…1) I find it a little curious all this recent “float vs. no-float” talk in the marketplace lately. 2) Dated today, the CBI decides to put a “how to spot fake currency” memo…3) Did anyone happen to notice the last 3 notes? [referencing picture] I had to go back to my currency and dig out these notes to figure out what they were. That is a 1k, a 500 Dinar and a 250 Dinar note. WHY IN THE WORLD WOULD THE CBI BOTHER TELLING ANYONE HOW TO SPOT A FAKE 1K, 500 Dinar and 250 Dinar note?? The 1k is worth less than $1 right now… the 500 is about .50 and the 250 is not even worth a quarter!!
1-10-2018 Newshound/Intel Guru Mnt Goat I still believe we are in an unprecedented position to see the results of the re-instatement of the Iraqi dinar very soon. Know one will know the exact date or time. No one will know the exact rate until it finally shows up at the banks (and is tradable AT THAT RATE). ...I have to tell you that the news could not get any better and you know I verify everything. I am told there is a target within the next couple weeks for the FOREX (and other international currency exchanges) to show the rate. I told everyone what I knew was that Iraq would do an internal re-instatement then wait until the US Treasury rolls out the revaluation and to the global exchanges. I do not want to get into a count down because no one really knows just exactly how long this delay period will be. I was told to expect 2-3 weeks. This will bring us to the end of January, which is within the window the CBI just told me days ago, is still the target.
1-10-2018 Intel Guru Bruce As far as the rate, I can tell you we have people that are trading the dinar on preloads or futures. The last rates I heard yesterday during that situation of trading were approaching $6. That is a good sign as to where the dinar might roughly may come out initially. We think it might come out and go up, but we don’t know how far. Remember what Dr Shabi said from Iraq in December 2012 about Iraqi dinar being able support a rate of $16? Don’t know if that will be initially, but I can tell you they are very proud and happy. [post 3 of 3]
1-10-2018 Intel Guru Bruce What is interesting is this. 1) The fact they were there to resign new agreements and put new business deals together in Iraq based on a new rate. 2) The fact there is a total internet blackout worldwide from Iraq right now. 3) Tomorrow is supposed to be a major day of celebration in Iraq, a day of reconciliation, a freedom day. I don’t remember exactly what they are calling, but they have some of those words in it. That is something that we understand maybe the opportunity to actually finally put out their new rate or to make it internationally publicly known. Since that has not been the case, and that is why the internet in Iraq is completely blackened out because they are getting ready to do that. [post 2 of 3....stay tuned]
1-10-2018 Intel Guru Bruce It is interesting because we are getting a lot of good things pointing to the timing being now, meaning this week for us. Remember awhile back I had said we had 112 companies represented with 89 different countries in Iraq and they were doing business signing up and getting ready to get started? That has been a month or so. Guess what? They are back. They started coming in droves Saturday and Sunday into Iraq to sort of re-ink new agreements with Iraq’s new value rate on their dinar. [post 1 of 3....stay tuned]
1-10-2018 Newshound Guru MilitiaMan We all know by now they have introduced new ATMs in the country. They are going to need a medium of exchange of course, however, as here in the USA we use more and more debt cards than cash, no different for Iraq into the future and keep in mind this Marshal Plan they are going through is going to be in technical terms far more advanced in Finance than back in Germany and Japan. They have now have access to the best banking features in the world! Let us not forget that there is a mind by the CBI to use 50k and 100K notes in the future. Realize they are 3 Zero notes, however, they are not necessarily for the overall public. The public may want some if they can afford them, but, large transactions will be there utility. E-Dinar will be used for personal and commercial transactions. Very powerful information over the last 24 hours, imo!! [post 2 of 2]
1-10-2018 Newshound Guru MilitiaMan Articles “Know Your Currency” The article showing security features of their currency at this time frame is if not one of the two articles we seek, it sure is a contender for one of them, imo.! For the 250, 500 and 1,000 note to be openly used by the CBI noted in the article for security features, is for a good reason that we all should see right out the gate...There is no reason to worry about those notes with present 1184 program rate, now add the international calculation into the mix and you have a very valid reason to make people aware for what they have and own... And if one is a veteran in this investment, one better have had that on ones mind a long time ago! imo. It clearly is now (imo) a signal to every one that may own or will be using the new notes we expect in the near (Let's hope immediate future.) future to be part of the quiver of currencies coming soon not to discard. [post 1 of 2....stay tuned]
1-9-2018 Intel Guru Frank26 WANNA KNOW A SECRET? I GO TO READ AN ARTICLE THAT EXPLAINS ABOUT OOO'S CURRENCY COUNTERFEITING BECAUSE THEY WILL BE IN CONJUNCTION WITH THE NEW LD'S /CC'S FOR ABOUT 2 YEARS POST RI. [You said that it is possible...that we may 'not' see them, because the 'rate', possibly could come out first. I took that information to mean that we---'are that close' to this being over. Hope I got this right sir.] YES...FOR WHEN I PUT MY FAITH IN SOMETHING IT IS BECAUSE IT HAS BEEN WELL...STUDIED. IMO WE R AS CLOSE AS HEAT IS TO A FLAME.
1-9-2018 Newshound Guru Kaperoni Articles: "Know your money," the central bank publishes security tags Iraqi currency" "How to recognize the Iraqi currency counterfeit?" "The central bank reveals security signs Iraqi currency to curb forgery" This is interesting...why now? In all the years I have been watching this I have only seen the CBI talk about note security maybe 2-3 times. In another article, we see the CBI talk about the "next period" going all electronic transactions, yet today they are telling citizens to make sure you are not using counterfeit currency. IMO, since this is all over the local media, it appears to be something almost from the World Bank (like the delete zeros articles were back in 2012) to inform as many as possible. Almost in anticipation of something. Maybe the CBI plans to activate the banking system (deposit insurance,etc) in the next few weeks luring citizens to bring their dinar into the banks. We just have to let it play out and see what happens.
1-9-2018 Intel Guru Frank26 Article: "How to recognize the counterfeit Iraqi currency?" [...this article is appearing on quite a few news sites...] INDEED IT HAS...AND ON IRAQIA TV AND NEWSPAPERS AND FLYERS AND...WELL... IT'S EVERYWHERE DUE TO THE EDUCATION PROCESS OF THE CITIZENS WITH THE MR [MONETARY REFORM]. BECAUSE THE 000'S WILL BE IN CONJUNCTION WITH THE LD'S/CC'S FOR ABOUT 2 YEARS POST RI. 000'S ARE THE EASIEST TO COUNTERFEIT...THE LD'S/CC'S ARE THE HARDEST IF NOT IMPOSSIBLE AT THE MOMENT. TA DA...smile).
1-9-2018 Intel Guru Dr. Clarke How Many More DAYS, can Iraq continue to go forward, with citizens INSIDE & OUTSIDE the country, quietly using cards, with an Increased Rate on them?
1-9-2018 Guest Intel Guru Sergio Here is a brief update. The word on the street in Iraq is, things are starting to break lose. Ma and papa stores are springing to life, with more and more startups. People are starting to put their money in the bank. It’s still ruff, but peeps are excited about the prospect of making a business. Oh a bit more, there are those small construction Iraqi owned who are bidding on contracts to do rebuilding...they are trying to get their foot in the door so to speak. Getting people working is a key to our investment... One of the keys. No word on the value of the Dinar going up but, people are using the Dinar more then the dollars in Baghdad.
1-9-2018 Intel Guru RayRen98 [It was an International entity that turned off Iraq's rate years ago and restricted it's currency. With all of the required sanctions removed and Iraq having completed all requirements; is it plausible the roll out has to come from that same international entity and Iraq is waiting like we are?] Iraq is in fact waiting like we are, but they have done their portion of this – they have reinstated the dinar as a sovereign nation. The US Treasury has released this, and the banks are getting all excited. Iraq is ready for this to be over yesterday. They are investing their money in infrastructure. Remember, they want everyone to be paid by the 12th, and they set that date for a reason.
1-9-2018 Newshound Guru MilitiaMan Article: "Central: We aim to complete all financial transactions electronically" this is a very powerful... They start talking about sustainable development by using electronic payment systems. They are to be used by both Public and Private entities through Iraq's Banking System as a whole. They are telling us they have a system that is avoid of complexity issues, which appears to be the diminishing use of cash in Public and Private transactions and apparently large transactions to boot. They also LAUNCH or have launched the system to pay salaries...Which takes away the demand and or need for the use of cash, as much. The system is to be or is now from here on out to be more transparent and secure with out manipulation. A very good thing that fits Abadi's agenda! imo They go so far as to tell us they are able to do the aforementioned, all over the country now. They are also or the central bank is the guarantor of salaries! All huge indicators developing, if not already developed and being LAUNCHED... imo
1-9-2018 Newshound Guru Kaperoni Articles: "Know your money," the central bank publishes security tags Iraqi currency" "How to recognize the Iraqi currency counterfeit?" "The central bank reveals security signs Iraqi currency to curb forgery" This is interesting...why now? In all the years I have been watching this I have only seen the CBI talk about note security maybe 2-3 times. In another article, we see the CBI talk about the "next period" going all electronic transactions, yet today they are telling citizens to make sure you are not using counterfeit currency. IMO, since this is all over the local media, it appears to be something almost from the World Bank (like the delete zeros articles were back in 2012) to inform as many as possible. Almost in anticipation of something. Maybe the CBI plans to activate the banking system (deposit insurance,etc) in the next few weeks luring citizens to bring their dinar into the banks. We just have to let it play out and see what happens.
1-9-2018 Intel Guru Frank26 Article: "How to recognize the counterfeit Iraqi currency?" [...this article is appearing on quite a few news sites...] INDEED IT HAS...AND ON IRAQIA TV AND NEWSPAPERS AND FLYERS AND...WELL... IT'S EVERYWHERE DUE TO THE EDUCATION PROCESS OF THE CITIZENS WITH THE MR [MONETARY REFORM]. BECAUSE THE 000'S WILL BE IN CONJUNCTION WITH THE LD'S/CC'S FOR ABOUT 2 YEARS POST RI. 000'S ARE THE EASIEST TO COUNTERFEIT...THE LD'S/CC'S ARE THE HARDEST IF NOT IMPOSSIBLE AT THE MOMENT. TA DA...smile).
1-9-2018 Intel Guru Dr. Clarke How Many More DAYS, can Iraq continue to go forward, with citizens INSIDE & OUTSIDE the country, quietly using cards, with an Increased Rate on them?
1-9-2018 Guest Intel Guru Sergio Here is a brief update. The word on the street in Iraq is, things are starting to break lose. Ma and papa stores are springing to life, with more and more startups. People are starting to put their money in the bank. It’s still ruff, but peeps are excited about the prospect of making a business. Oh a bit more, there are those small construction Iraqi owned who are bidding on contracts to do rebuilding...they are trying to get their foot in the door so to speak. Getting people working is a key to our investment... One of the keys. No word on the value of the Dinar going up but, people are using the Dinar more then the dollars in Baghdad.
1-9-2018 Intel Guru RayRen98 [It was an International entity that turned off Iraq's rate years ago and restricted it's currency. With all of the required sanctions removed and Iraq having completed all requirements; is it plausible the roll out has to come from that same international entity and Iraq is waiting like we are?] Iraq is in fact waiting like we are, but they have done their portion of this – they have reinstated the dinar as a sovereign nation. The US Treasury has released this, and the banks are getting all excited. Iraq is ready for this to be over yesterday. They are investing their money in infrastructure. Remember, they want everyone to be paid by the 12th, and they set that date for a reason.
1-9-2018 Newshound Guru MilitiaMan Article: "Central: We aim to complete all financial transactions electronically" this is a very powerful... They start talking about sustainable development by using electronic payment systems. They are to be used by both Public and Private entities through Iraq's Banking System as a whole. They are telling us they have a system that is avoid of complexity issues, which appears to be the diminishing use of cash in Public and Private transactions and apparently large transactions to boot. They also LAUNCH or have launched the system to pay salaries...Which takes away the demand and or need for the use of cash, as much. The system is to be or is now from here on out to be more transparent and secure with out manipulation. A very good thing that fits Abadi's agenda! imo They go so far as to tell us they are able to do the aforementioned, all over the country now. They are also or the central bank is the guarantor of salaries! All huge indicators developing, if not already developed and being LAUNCHED... imo
1-8-2018 Newshound Guru G-Lin Article: "The President of the Republic, Fuad Masoum, on Thursday, the law of the second amendment to the law of the Central Bank of Iraq." [...if the CBI law is ratified does that mean it is law or does it have to be posted in the gazette for some time...?] It is now in the Gazette and is law. Quote: "The law was sent for publication in the Official Gazette," the statement said."
1-8-2018 Intel Guru RayRen98 According to the plan we were told, we are looking for something this week, and then it will come out on Forex on the 15th. That’s the plan – whether it happens that way is another question. Nobody knows exactly when it’s coming out. We do have windows from our bank people, but nobody knows for sure.
1-8-2018 Intel Guru Jester [Was nice to hear the cards are being used in Iraq. One more check mark in the column of things we're looking for, right? Would be interesting to find out what rate they are paying out at. Any idea?] KEEP IN MIND...WE DO NOT KNOW WHAT KIND OF CARDS THEY ARE OR IF THEY MEAN ANYTHING...ALL I CAN TELL YOU IS THEY ARE USING THEM...
1-8-2018 Newshound Guru Kaperoni Article: "Businessmen, money, traders, industrialists and bankers calling for new criteria for the classification of banks in Iraq" Deposit insurance and currency reform are a must. Nobody is coming to invest until the CBI does these.
1-8-2017 Newshound Guru mike Article: "Saleh proposes to establish a fund to invest in Iraq" Instead of an investment fund why not just pass the HCL and let the citizens share in the oil wealth like Kuwati, Qatar and the UAE? The problem with this solution from Salih is: "while noting that Iraq has an opportunity through comprehensive solutions to put things right," The GOI can't fix this, their hubris is holding up progress. Establish the framework, empower the open market economy and get out of the way, that's the best thing Iraq's leaders can do right now. IMO.
1-8-2018 Intel Guru RayRen98 According to the plan we were told, we are looking for something this week, and then it will come out on Forex on the 15th. That’s the plan – whether it happens that way is another question. Nobody knows exactly when it’s coming out. We do have windows from our bank people, but nobody knows for sure.
1-8-2018 Intel Guru Jester [Was nice to hear the cards are being used in Iraq. One more check mark in the column of things we're looking for, right? Would be interesting to find out what rate they are paying out at. Any idea?] KEEP IN MIND...WE DO NOT KNOW WHAT KIND OF CARDS THEY ARE OR IF THEY MEAN ANYTHING...ALL I CAN TELL YOU IS THEY ARE USING THEM...
1-8-2018 Newshound Guru Kaperoni Article: "Businessmen, money, traders, industrialists and bankers calling for new criteria for the classification of banks in Iraq" Deposit insurance and currency reform are a must. Nobody is coming to invest until the CBI does these.
1-8-2017 Newshound Guru mike Article: "Saleh proposes to establish a fund to invest in Iraq" Instead of an investment fund why not just pass the HCL and let the citizens share in the oil wealth like Kuwati, Qatar and the UAE? The problem with this solution from Salih is: "while noting that Iraq has an opportunity through comprehensive solutions to put things right," The GOI can't fix this, their hubris is holding up progress. Establish the framework, empower the open market economy and get out of the way, that's the best thing Iraq's leaders can do right now. IMO.
1-7-2018 Newshound Guru Kaperoni Article: "UN support .. Abadi is preparing to launch a comprehensive project for "reconciliation and Zeroing" Makes you wonder what it all entails..."the project in its final form must be completed within a short period,"...
1-7-2018 Newshound/Intel Guru Mnt Goat Some say the IQD is already back on the global exchanges, as the banks are willing to sell or buy the currency at the program rate. This is not correct. First, the IQD is NOT back on the global exchanges... Second, this means simply the banks are just selling and buying the currency. Other internet currency brokers too are still selling and buying IQD, so does this make it international again? What is the difference with the current sales of IQD with the brokers vs the banks? This is my point exactly! There is no difference! International is global, get it? ...it only means that the banks have a desire to trade the currency since, even with the very low program rate, it is still a legitimate, legal currency within Iraq and does have some value – and most importantly – there is demand and they can make money off a spread.
1-7-2018 Intel Guru Jester ALSO SAYS SOME PEOPLE ARE STARTING TO USE CARDS IN HIS STORE... NOW... NO WAY OF KNOWING IF THEY ARE LOADED WITH WHATEVER OR IF THAT IS A COINCIDENCE... BUT THE COMMENT WAS MADE... I TAKE THE INFO AS HIGHLY CONFIRMED IT CAME STRAIGHT TO ME...NO ONE... AND I MEAN NO ONE... KNOWS THE WHOLE PLAN... THAT INFO IS SIMPLY NOT GOING TO COME... BUT I AM FEELING PRETTY GOOD ABOUT THINGS RIGHT NOW... LOOKS CLOSER THAN EVER... [post 2 of 2]
1-7-2018 Intel Guru Jester AS IVE SAID BEFORE WE KNOW WHAT IS GOING ON WHAT THEY ARE DOING AND YOU DO TOO WE JUST DON'T KNOW THE FULL SCHEDULE...REMEMBER WHAT I TOLD YOU... JUST BECAUSE THEY RV DOES NOT MEAN ANYONE OUTSIDE IRAQ IS GUARANTEED ANYTHING... ANYWAY WITH THAT SAID I DID GET SOME NEWS YESTERDAY STRAIGHT FROM THE SANDBOX...SANDMAN... MY BUDDY WITH THE BROTHER IN BAGHDAD LET US KNOW THAT THERE ARE SOME POSITIVE INDICATIONS HAPPENING... SAYS ABADI IS ON THE NEWS TELLING THEM IT IS CLOSE AND THEY SHOULD ALL BE HAPPY PRETTY SOON... [post 1 of 2....stay tuned]
1-7-2018 Newshound Guru Kaperoni Article: "Iraqi and US banks will meet in Washington" Love this..."the Iraqi financial sector needs to activate its development role is commensurate with the capabilities of the country 's economic that require banking services capable of dealing with large numbers" It continues to amaze me when someone posts "no float". Do you really think the CBI could RV the currency with 34+ trillion sitting in Iraqi homes? It is simply not possible. As stated in the IMF Article IV from 2012, I believe once the dinar is stable (within 2% spread) the IMF will give the green light to move to Article VIII and let the CBI move to a more flexible exchange rate (float). We need to wait this out, which could be several months. The good news is that until currency reform begins, there is no private investment.
1-7-2018 Newshound/Intel Guru Mnt Goat Some say the IQD is already back on the global exchanges, as the banks are willing to sell or buy the currency at the program rate. This is not correct. First, the IQD is NOT back on the global exchanges... Second, this means simply the banks are just selling and buying the currency. Other internet currency brokers too are still selling and buying IQD, so does this make it international again? What is the difference with the current sales of IQD with the brokers vs the banks? This is my point exactly! There is no difference! International is global, get it? ...it only means that the banks have a desire to trade the currency since, even with the very low program rate, it is still a legitimate, legal currency within Iraq and does have some value – and most importantly – there is demand and they can make money off a spread.
1-7-2018 Intel Guru Jester ALSO SAYS SOME PEOPLE ARE STARTING TO USE CARDS IN HIS STORE... NOW... NO WAY OF KNOWING IF THEY ARE LOADED WITH WHATEVER OR IF THAT IS A COINCIDENCE... BUT THE COMMENT WAS MADE... I TAKE THE INFO AS HIGHLY CONFIRMED IT CAME STRAIGHT TO ME...NO ONE... AND I MEAN NO ONE... KNOWS THE WHOLE PLAN... THAT INFO IS SIMPLY NOT GOING TO COME... BUT I AM FEELING PRETTY GOOD ABOUT THINGS RIGHT NOW... LOOKS CLOSER THAN EVER... [post 2 of 2]
1-7-2018 Intel Guru Jester AS IVE SAID BEFORE WE KNOW WHAT IS GOING ON WHAT THEY ARE DOING AND YOU DO TOO WE JUST DON'T KNOW THE FULL SCHEDULE...REMEMBER WHAT I TOLD YOU... JUST BECAUSE THEY RV DOES NOT MEAN ANYONE OUTSIDE IRAQ IS GUARANTEED ANYTHING... ANYWAY WITH THAT SAID I DID GET SOME NEWS YESTERDAY STRAIGHT FROM THE SANDBOX...SANDMAN... MY BUDDY WITH THE BROTHER IN BAGHDAD LET US KNOW THAT THERE ARE SOME POSITIVE INDICATIONS HAPPENING... SAYS ABADI IS ON THE NEWS TELLING THEM IT IS CLOSE AND THEY SHOULD ALL BE HAPPY PRETTY SOON... [post 1 of 2....stay tuned]
1-7-2018 Newshound Guru Kaperoni Article: "Iraqi and US banks will meet in Washington" Love this..."the Iraqi financial sector needs to activate its development role is commensurate with the capabilities of the country 's economic that require banking services capable of dealing with large numbers" It continues to amaze me when someone posts "no float". Do you really think the CBI could RV the currency with 34+ trillion sitting in Iraqi homes? It is simply not possible. As stated in the IMF Article IV from 2012, I believe once the dinar is stable (within 2% spread) the IMF will give the green light to move to Article VIII and let the CBI move to a more flexible exchange rate (float). We need to wait this out, which could be several months. The good news is that until currency reform begins, there is no private investment.
1-6-2018 Newshound Guru MilitiaMan ...We have learned the new currency that will work in the ATMs will be of the lower denomination classes, all the while banks and their employees are now educated on the matter as of the present time…We now also understand there is a new Holiday that will go down on the 10th of January in perpetuity for all of Iraq…That is UNITY and UNITY is coming in the short period…wink…Zeroing is in my opinion the Delete the Zero project, Zeroing out from 20i7 into 2018… [Post 2 of 2]
1-6-2018 Newshound/Intel Guru Mnt Goat Folks there is nothing else I to tell in this saga. I was initially told earlier in January for a timeline for the exchange rollouts. This is why I was using the 12 days of Christmas as my mantra. So now we see this is extended out up to the end of January. All we can do is relax, keep our fingers crossed and wait all goes well. [post 3 of 3]
1-6-2018 Newshound Guru MilitiaMan Article: "With the support of the United Nations .. Abadi is preparing to launch a comprehensive project for "reconciliation and zeroing"…National Reconciliation is (imo) a last step to becoming UNITED politically and culturally…Along with that is the UNITY of a countries National Currency and one that has no restrictions, no multi currency practices associated with it without acknowledgement and approval from the IMF. (imo) The National Currency once National Reconciliation is full achieved "may become" fully International and with both the Kurdistan and Iraq Language on it. [Post 1 of 2]
1-6-2018 Newshound/Intel Guru Mnt Goat Question: Is the new re-instatement rate now being used by the government in payrolls? Answer: No, the Finance Ministry is still paying on the existing program rates and will not change over until the global community rolls it out. This is the event we are waiting for. Question: What is the plan to rollout the re-instatement rate to the global exchanges? Answer: Both the CBI and the Finance Ministry would like to see the foreign currency exchanges updated as soon as possible but we realize there are formal protocols that must be followed. Question: Can you give me a tentative timeline? Answer: We are told this could happen sometime in mid to the end of the month of January. Our accounting systems would best be served if we begin the new fiscal year with this news process. This is anyhow the plan. [post 2 of 3....stay tuned]
1-6-2018 Newshound/Intel Guru Mnt Goat I had to make connection with my CBI contact in Iraq with a series of questions for them. Question: Is everything still on path to re-instate the IQD? Answer: The IQD is already re-instated. There are no security or political problems in Iraq that interfere. The signed paperwork has been forwarded and was approved by all needed entities. Question: Have you already launched the new currency notes? Answer: We decided to re-do the lower category notes in polymer. These have not yet arrived from the vender. Question: Are the ATMs dispersing the new lower category notes? Answer: Not yet, as I just said not all these notes are ready. Some machines were activated and programmed for the 3 zero notes in order to prevent a cash shortage in circulation. Due to the electronic banking efforts we have created a shortage of notes beyond our planned limits. The plan is and always has been to load the ATM with only the newer notes and use the machines to launch these notes. This is still the plan. [post 1 of 3....stay tuned]
1-6-2018 Newshound Guru chattels Article: "Maliki stresses the importance of ending the Kurdish delegation problems between Baghdad and Erbil under the Constitution" [reference Guru mike 1-6-2018 "...pay them the 17%, all of this is written in Iraq's constitution."] My reading/understanding is that the 17% figure is not stated in the Constitution. That figure was agreed upon by the Constitutional Committee in 2003 until a census was conducted. It is arguably, as Abadi says, a political agreement. I do not believe that the Kurds have actually ever received the 17% although it has been budgeted as such in previous years.
1-6-2018 Newshound Guru mike Article: "Maliki stresses the importance of ending the Kurdish delegation problems between Baghdad and Erbil under the Constitution" I'm wondering who's he's meeting with when he say "Kurdish delegagtion." Hero Talabani and their crew? I can't imagine Barzani or anyone from their group meeting with Maliki of all people. I just wish Maliki meant what he said. Then, he could finish the HCL, enact Article 140 and pay them the 17%, all of this is written in Iraq's constitution.
1-6-2018 Newshound/Intel Guru Mnt Goat Folks there is nothing else I to tell in this saga. I was initially told earlier in January for a timeline for the exchange rollouts. This is why I was using the 12 days of Christmas as my mantra. So now we see this is extended out up to the end of January. All we can do is relax, keep our fingers crossed and wait all goes well. [post 3 of 3]
1-6-2018 Newshound Guru MilitiaMan Article: "With the support of the United Nations .. Abadi is preparing to launch a comprehensive project for "reconciliation and zeroing"…National Reconciliation is (imo) a last step to becoming UNITED politically and culturally…Along with that is the UNITY of a countries National Currency and one that has no restrictions, no multi currency practices associated with it without acknowledgement and approval from the IMF. (imo) The National Currency once National Reconciliation is full achieved "may become" fully International and with both the Kurdistan and Iraq Language on it. [Post 1 of 2]
1-6-2018 Newshound/Intel Guru Mnt Goat Question: Is the new re-instatement rate now being used by the government in payrolls? Answer: No, the Finance Ministry is still paying on the existing program rates and will not change over until the global community rolls it out. This is the event we are waiting for. Question: What is the plan to rollout the re-instatement rate to the global exchanges? Answer: Both the CBI and the Finance Ministry would like to see the foreign currency exchanges updated as soon as possible but we realize there are formal protocols that must be followed. Question: Can you give me a tentative timeline? Answer: We are told this could happen sometime in mid to the end of the month of January. Our accounting systems would best be served if we begin the new fiscal year with this news process. This is anyhow the plan. [post 2 of 3....stay tuned]
1-6-2018 Newshound/Intel Guru Mnt Goat I had to make connection with my CBI contact in Iraq with a series of questions for them. Question: Is everything still on path to re-instate the IQD? Answer: The IQD is already re-instated. There are no security or political problems in Iraq that interfere. The signed paperwork has been forwarded and was approved by all needed entities. Question: Have you already launched the new currency notes? Answer: We decided to re-do the lower category notes in polymer. These have not yet arrived from the vender. Question: Are the ATMs dispersing the new lower category notes? Answer: Not yet, as I just said not all these notes are ready. Some machines were activated and programmed for the 3 zero notes in order to prevent a cash shortage in circulation. Due to the electronic banking efforts we have created a shortage of notes beyond our planned limits. The plan is and always has been to load the ATM with only the newer notes and use the machines to launch these notes. This is still the plan. [post 1 of 3....stay tuned]
1-6-2018 Newshound Guru chattels Article: "Maliki stresses the importance of ending the Kurdish delegation problems between Baghdad and Erbil under the Constitution" [reference Guru mike 1-6-2018 "...pay them the 17%, all of this is written in Iraq's constitution."] My reading/understanding is that the 17% figure is not stated in the Constitution. That figure was agreed upon by the Constitutional Committee in 2003 until a census was conducted. It is arguably, as Abadi says, a political agreement. I do not believe that the Kurds have actually ever received the 17% although it has been budgeted as such in previous years.
1-6-2018 Newshound Guru mike Article: "Maliki stresses the importance of ending the Kurdish delegation problems between Baghdad and Erbil under the Constitution" I'm wondering who's he's meeting with when he say "Kurdish delegagtion." Hero Talabani and their crew? I can't imagine Barzani or anyone from their group meeting with Maliki of all people. I just wish Maliki meant what he said. Then, he could finish the HCL, enact Article 140 and pay them the 17%, all of this is written in Iraq's constitution.
1-5-2018 Guest Guru Dahl68 As stated in a recent article by Adnan Abu Zeed, Iraq is once again controlling their own economy. If we look at the amendment to 31CFR 576, section 526.206 "Protection granted to the Development Fund for Iraq, Iraqi Petroleum and Petroleum Products, and the Central Bank of Iraq" has been completely removed. If we look at the transitions of the EO's over the years, we go from all transactions being prohibited, to allowing outside entities to invest in the IQD, to now having almost all sanctions completely removed. The only sanctions that remain in effect are those that apply to specifically named individuals and entities as identified by OFAC. IMO this is a line of bread crumbs from the UST, to the IMF, and ultimately to the FOREX. [Post 3 of 3]
1-5-2018 Newshound Guru Kaperoni Article: "Integrity: Adjust red-handed staff organized fake bills estimated at one billion dinars in Salah al-Din" As I said in the past. a lot of the opposition to currency reform was the tribal areas where counterfeiting is everyday practice. To go after these areas is a start and will hopefully create a better climate for the CBI to proceed with reforms.
1-5-2018 Guest Guru Dahl68 ...It was interesting to me that no one had mentioned this yet since this includes the IQD. Under EO 13303, all of these financial instruments (including the IQD) and execution thereof, were regulated as "null and void." Under EO 13668, these prohibitions and protections were removed. IMO, the federal regulations associated with Iraq are now caught up and current. Considering the recent lifting of UN Sanctions, and also the UST's connection to the IMF, it looks like a green light to the IMF and CBI to proceed, understanding that the UST has significant influence over the IMF. [Post 2 of 3]
1-3-2018 Newshound Guru Adam Montana [... it's been 12-13 years and Iraq seems to be dragging their feet!] Regarding them "dragging their feet", I care not one iota how long they have been building up to this... all that matters is the direction it's going and the final destination.
1-5-2018 Guest Guru Dahl68 Yesterday, I contacted the United States Treasury (UST), Office of Foreign Assets Control (OFAC), Assistant Director for Sanctions Compliance & Evaluation. Essentially, the OFAC office responded that the amendment simply codified and implemented Executive Order (EO) 13668, which was signed back on May 27, 2014. Transactions with Iraq are allowed; …There were, and are, a number of EO's that have been promulgated since the Iraqi invasion of Kuwait in the 1990's. These include EO 13303, 13315, 13350, 13364, 13438, and 13368. All of these EO's are codified and implemented by the UST at 31 CFR Part 576, The Iraq Stabilization and Insurgency Sanctions Regulations. The last EO signed by President Obama (13368) in 2014 removed the prohibitions put in place by EO 13303. Specifically, and of interest IMO, is 31CFR 576.206(a)(3), which refers to, "Any accounts, assets, investments, or any other property of any kind owned by, belonging to, or held by the Central Bank of Iraq, or held, maintained, or otherwise controlled by any financial institution of any kind in the name of, on behalf of, or otherwise for the Central Bank of Iraq."
[Post 1 of 3]
1-5-2018 Intel Guru Bruce We had information that was indicating we were pretty much there and ready to start yesterday [Wednesday]. I think there are several fractions that are involved in this. Subsequently, the timing for this is looking good for early next week. I hate to be somebody to put this off. I try to look at things day by day. Things do change. Our Treasury has released Iraq for them to post their new dinar Iraqi rate tomorrow [Friday] evening our time in the United States. That would be Saturday early am in Iraq. They should have the new rate posted. They need that posted by then because we have 17 different nations with companies representing those countries coming to Iraq to sign off on their contracts at the new rate for the dinar. The CBI website everything should show early Saturday morning Iraqi time.
1-5-2018 Newshound Guru tman23 They can't pass the budget because it is in violation of the constitution........AND THEY CAN'T GET OUT OF THEIR OWN WAY......IMF TOLD THEM KURDS 17% OF THE BUDGET........YOU WAITING ON SOMEBODY IT IS ABADI !!!!!!!!!! He right now is the delay to progress ............ BUT so many will praise him as being the good guy LOL...STILL WAITING ON THE GOING AFTER THE CORRUPT........BLA BLA BLAH .......ONLY IF THEY ARE NOT SHIITE....... Abadi is the problem !!
1-5-2018 Newshound Guru Breitling There is an article out there from one of the gurus talking about how the US Treasury in conjunction with Iraq and the reason there is a delay in the revaluation is because the UST is working with the CBI so they can put the Iraqi dinar on the FOREX. No. Unfortunately the UST has nothing to do with the FOREX and neither does the CBI. The FOREX is not regulated by the United States of America…There are only 8 currencies traded on the FOREX…I guess they can post the value on the FOREX, but you can pull up the value anywhere. So it’s kind of ridiculous…it doesn’t fit. It just doesn’t work this way. The UST has noting to do with it what so ever. The UST doesn’t even control the value of the US dollar…so that doesn’t make any sense.
1-5-2018 Newshound Guru Kaperoni Article: "Integrity: Adjust red-handed staff organized fake bills estimated at one billion dinars in Salah al-Din" As I said in the past. a lot of the opposition to currency reform was the tribal areas where counterfeiting is everyday practice. To go after these areas is a start and will hopefully create a better climate for the CBI to proceed with reforms.
1-5-2018 Guest Guru Dahl68 ...It was interesting to me that no one had mentioned this yet since this includes the IQD. Under EO 13303, all of these financial instruments (including the IQD) and execution thereof, were regulated as "null and void." Under EO 13668, these prohibitions and protections were removed. IMO, the federal regulations associated with Iraq are now caught up and current. Considering the recent lifting of UN Sanctions, and also the UST's connection to the IMF, it looks like a green light to the IMF and CBI to proceed, understanding that the UST has significant influence over the IMF. [Post 2 of 3]
1-3-2018 Newshound Guru Adam Montana [... it's been 12-13 years and Iraq seems to be dragging their feet!] Regarding them "dragging their feet", I care not one iota how long they have been building up to this... all that matters is the direction it's going and the final destination.
1-5-2018 Guest Guru Dahl68 Yesterday, I contacted the United States Treasury (UST), Office of Foreign Assets Control (OFAC), Assistant Director for Sanctions Compliance & Evaluation. Essentially, the OFAC office responded that the amendment simply codified and implemented Executive Order (EO) 13668, which was signed back on May 27, 2014. Transactions with Iraq are allowed; …There were, and are, a number of EO's that have been promulgated since the Iraqi invasion of Kuwait in the 1990's. These include EO 13303, 13315, 13350, 13364, 13438, and 13368. All of these EO's are codified and implemented by the UST at 31 CFR Part 576, The Iraq Stabilization and Insurgency Sanctions Regulations. The last EO signed by President Obama (13368) in 2014 removed the prohibitions put in place by EO 13303. Specifically, and of interest IMO, is 31CFR 576.206(a)(3), which refers to, "Any accounts, assets, investments, or any other property of any kind owned by, belonging to, or held by the Central Bank of Iraq, or held, maintained, or otherwise controlled by any financial institution of any kind in the name of, on behalf of, or otherwise for the Central Bank of Iraq."
[Post 1 of 3]
1-5-2018 Intel Guru Bruce We had information that was indicating we were pretty much there and ready to start yesterday [Wednesday]. I think there are several fractions that are involved in this. Subsequently, the timing for this is looking good for early next week. I hate to be somebody to put this off. I try to look at things day by day. Things do change. Our Treasury has released Iraq for them to post their new dinar Iraqi rate tomorrow [Friday] evening our time in the United States. That would be Saturday early am in Iraq. They should have the new rate posted. They need that posted by then because we have 17 different nations with companies representing those countries coming to Iraq to sign off on their contracts at the new rate for the dinar. The CBI website everything should show early Saturday morning Iraqi time.
1-5-2018 Newshound Guru tman23 They can't pass the budget because it is in violation of the constitution........AND THEY CAN'T GET OUT OF THEIR OWN WAY......IMF TOLD THEM KURDS 17% OF THE BUDGET........YOU WAITING ON SOMEBODY IT IS ABADI !!!!!!!!!! He right now is the delay to progress ............ BUT so many will praise him as being the good guy LOL...STILL WAITING ON THE GOING AFTER THE CORRUPT........BLA BLA BLAH .......ONLY IF THEY ARE NOT SHIITE....... Abadi is the problem !!
1-5-2018 Newshound Guru Breitling There is an article out there from one of the gurus talking about how the US Treasury in conjunction with Iraq and the reason there is a delay in the revaluation is because the UST is working with the CBI so they can put the Iraqi dinar on the FOREX. No. Unfortunately the UST has nothing to do with the FOREX and neither does the CBI. The FOREX is not regulated by the United States of America…There are only 8 currencies traded on the FOREX…I guess they can post the value on the FOREX, but you can pull up the value anywhere. So it’s kind of ridiculous…it doesn’t fit. It just doesn’t work this way. The UST has noting to do with it what so ever. The UST doesn’t even control the value of the US dollar…so that doesn’t make any sense.
1-4-2018 Guest Guru BobTheTaxMan I just spent a lot of time looking at the new 2018 tax law changes. Although I’m not actively doing tax returns anymore, the stuff inside this is amazing…I have never seen the perfect (perfect storm) tax situation for the dinar to come to fruition. There are so many advantages inside of this particularly for those who are looking to have a huge windfall coming off of this particular event…
1-4-2018 Newshound Guru Don961 Pattern: at least 5+ different articles today speaking against/or for canceling altogether the currency auctions ... pointing out how only certain political parties benefit, ...private banks use auctions for easy profits and abandon traditional loan activities, ... drains away more currency reserves than what comes in ... can't wait to hear what the IMF has to say in the upcoming meetings slated right around the corner ...imo.
1-4-2018 Newshound Guru Breitling Iraq wanted to revalue the dinar in 2017. But what came up? Trump. You saw what was going on in the middle east and the war completely changed the day day Trump was inagurated…The world didn’t really know what to look for…The information we got is that they [Iraq] are going to wait until the end of summer and reevaluate what’s going on. that’s the best information I got. That’s coming from Iraq. If Iraq doesn’t revalue their currency by the end of 2019 they are going to run out of money. Then they are in deep trouble. Then the IMF takes over and they are going to revalue anyway…It might not be what we want…but that’s what’s coming up for Iraq. So phenomenal news…Wanted to see what Iraq thought and the schedule they have on when they are going to… start setting the pace for the revaluation and that’s exactly what they’ve been talking about.
1-4-2018 Newshound/Intel Guru Bluedog ...AT ANY POINT THIS IS COMING DOWN TO LOOKING STUPID FOR SURE AND TELLING ME WE ARE NEARING THE GOAL LINE...IN A SPLIT SECOND OF A RATE CHANGE THE BUDGET WILL ADJUST NO BIG DEAL COUNTRIES DEAL WITH THAT OFTEN...NO PROBLEM THE TALK OF THE KURDS WORRIED ABOUT WHAT PERCENT THEY GET HAS BEEN DECIDED...AND I CALL IT A "DOG AND PONY SHOW" TILL THE TIMING IS CORRECT...THE WORLD INVESTORS AND KUWAIT HAVE A GUN TO IRAQIS HEAD RIGHT NOW "IN THEORY"...AS YOU ALL KNOW THE TRIGGER FINGER IS QUIVERING. 2018 BUDGET IS LIKE LOOKING IN YOUR REAR VIEW MIRROR...TO THE IRAQI PEOPLE A DINAR IS A DINAR TO US BIG DEAL THEY JUST RECEIVE BETTER POWER IN BUYING POWER...INVESTORS WILL BE THRILLED WITH THE INCREASE... [post 2 of 2]
1-4-2018 Newshound/Intel Guru Bluedog IMO...LETS REALIZE THE IRAQI PEOPLE NEED THE HCL FUNDING TO THEIR FAMILIES AND THAT IS A RIDER IN THE BUDGET...ABADI CAN USE THIS BUDGET AS IS...OIL REVENUES NO PROBLEM READY TO LAUNCH...IMO...CAUSE THE CBI HAS NOT HANDED THEM THE GOLDEN PLATTER WITH THE RATE YET... BECAUSE OF LEAKAGE CONTROL. SO IT'S A PULL AND SHOVE BACK AND FORTH...TILL THE RATE IS EXPOSED AND AS IN 2017 THEY RAN WITH A BUDGET UNAPPROVED SO WHY NOT NOW IN 2018...WELL BECAUSE THE INVESTORS STARE INTO THE GREEN ZONE TILL THIS IS COMPLETED... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [Does an “official “ HCL need to be in place before they can RV or do they have enough agreements etc. in place now?] ...it's my opinion that HCL first is the most clear path to RV, but... that's also a possible huge investing trigger from outside sources, so it's possible that a significant change in value will be timed to happen simultaneous with an RV in order to prevent mass speculation. The amount of money we little guys have in this is tiny, even counting some of the $ multi million USD investments that I personally know about. But they certainly wouldn't want to instigate more speculation, so I completely expect the change in value to be quick and certain, without any warning.
1-4-2018 Newshound/Intel Guru Mnt Goat The CBI has put in a request to re-instate the IQD. The CBI does NOT have the power to run all the technical software to roll it out…This is under contract under the US Treasury. A delay - BECAUSE THE US TREASURY HAS NOT YET DONE IT’s PART IT THE ROLE OF RE-INSTATING THE IRAQ DINAR and rolling it out to the exchanges worldwide. But like I told everyone it could take weeks before this rollout occurs after the re-instatement is signed off. [Post 2 of 2]
1-4-2018 Intel Guru Frank26 ON THE 7TH/8TH IRAQ WILL MEET WITH IMF AGAIN, MONETARY REFORM...ON THE 8TH IS AN ANNUAL EVENT - BANKS AROUND THE WORLD DO A SOFTWARE UPDATE...THERE SHOULD BE A 72 HOUR WAIT, SO ON THE 9TH TO THE 11TH A WINDOW WILL OPEN UP FOR IRAQ TO SHOW A RATE...FROM THE 12TH ON WE WILL BE WATCHING EVERY BREATH OF THE CBI...
1-4-2018 Intel Guru RayRen There is no push to get lower denominations out of ATMs because Iraq wants their people to use their cards rather than paper money. So they are working on getting the citizens more acclimated to using their cards, and making them aware that the ATMs are available for cash when they need it. Banking institutions here on excited, alert, and ready – or at least that’s what they are telling us…Iraq is done, although the CBI has yet to change its rate in public.
1-4-2018 Newshound/Intel Guru Mnt Goat Article: “PARLIAMENTARY FINANCE PREPARES THE CURRENCY AUCTION FROM THE DOORS OF CORRUPTION” Quote: “THE SALE OF THE CURRENCY HAS BECOME A PLACE TO STEAL THE DOLLAR AND THE SMUGGLING OF CURRENCY ABROAD,” …so now we get an article advising the CBI to close the currency auctions down…How can they do this without a re-instatement of the currency? The auctions is the mechanism to which they use to convert dinars to dollars to pay foreign remittances. So, unless they can once again use dinar openly, there has to be some means to convert. FACT- we know that now that Chapter VII is “fully” gone and the CBI can do what it wants with its currency and does not have to stay under this auction program any longer. So further use of the auctions is purely the decision of the CBI. So why are they still using the process then? I will tell you… [Post 1 of 2]
1-4-2018 Newshound Guru Don961 Pattern: at least 5+ different articles today speaking against/or for canceling altogether the currency auctions ... pointing out how only certain political parties benefit, ...private banks use auctions for easy profits and abandon traditional loan activities, ... drains away more currency reserves than what comes in ... can't wait to hear what the IMF has to say in the upcoming meetings slated right around the corner ...imo.
1-4-2018 Newshound Guru Breitling Iraq wanted to revalue the dinar in 2017. But what came up? Trump. You saw what was going on in the middle east and the war completely changed the day day Trump was inagurated…The world didn’t really know what to look for…The information we got is that they [Iraq] are going to wait until the end of summer and reevaluate what’s going on. that’s the best information I got. That’s coming from Iraq. If Iraq doesn’t revalue their currency by the end of 2019 they are going to run out of money. Then they are in deep trouble. Then the IMF takes over and they are going to revalue anyway…It might not be what we want…but that’s what’s coming up for Iraq. So phenomenal news…Wanted to see what Iraq thought and the schedule they have on when they are going to… start setting the pace for the revaluation and that’s exactly what they’ve been talking about.
1-4-2018 Newshound/Intel Guru Bluedog ...AT ANY POINT THIS IS COMING DOWN TO LOOKING STUPID FOR SURE AND TELLING ME WE ARE NEARING THE GOAL LINE...IN A SPLIT SECOND OF A RATE CHANGE THE BUDGET WILL ADJUST NO BIG DEAL COUNTRIES DEAL WITH THAT OFTEN...NO PROBLEM THE TALK OF THE KURDS WORRIED ABOUT WHAT PERCENT THEY GET HAS BEEN DECIDED...AND I CALL IT A "DOG AND PONY SHOW" TILL THE TIMING IS CORRECT...THE WORLD INVESTORS AND KUWAIT HAVE A GUN TO IRAQIS HEAD RIGHT NOW "IN THEORY"...AS YOU ALL KNOW THE TRIGGER FINGER IS QUIVERING. 2018 BUDGET IS LIKE LOOKING IN YOUR REAR VIEW MIRROR...TO THE IRAQI PEOPLE A DINAR IS A DINAR TO US BIG DEAL THEY JUST RECEIVE BETTER POWER IN BUYING POWER...INVESTORS WILL BE THRILLED WITH THE INCREASE... [post 2 of 2]
1-4-2018 Newshound/Intel Guru Bluedog IMO...LETS REALIZE THE IRAQI PEOPLE NEED THE HCL FUNDING TO THEIR FAMILIES AND THAT IS A RIDER IN THE BUDGET...ABADI CAN USE THIS BUDGET AS IS...OIL REVENUES NO PROBLEM READY TO LAUNCH...IMO...CAUSE THE CBI HAS NOT HANDED THEM THE GOLDEN PLATTER WITH THE RATE YET... BECAUSE OF LEAKAGE CONTROL. SO IT'S A PULL AND SHOVE BACK AND FORTH...TILL THE RATE IS EXPOSED AND AS IN 2017 THEY RAN WITH A BUDGET UNAPPROVED SO WHY NOT NOW IN 2018...WELL BECAUSE THE INVESTORS STARE INTO THE GREEN ZONE TILL THIS IS COMPLETED... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [Does an “official “ HCL need to be in place before they can RV or do they have enough agreements etc. in place now?] ...it's my opinion that HCL first is the most clear path to RV, but... that's also a possible huge investing trigger from outside sources, so it's possible that a significant change in value will be timed to happen simultaneous with an RV in order to prevent mass speculation. The amount of money we little guys have in this is tiny, even counting some of the $ multi million USD investments that I personally know about. But they certainly wouldn't want to instigate more speculation, so I completely expect the change in value to be quick and certain, without any warning.
1-4-2018 Newshound/Intel Guru Mnt Goat The CBI has put in a request to re-instate the IQD. The CBI does NOT have the power to run all the technical software to roll it out…This is under contract under the US Treasury. A delay - BECAUSE THE US TREASURY HAS NOT YET DONE IT’s PART IT THE ROLE OF RE-INSTATING THE IRAQ DINAR and rolling it out to the exchanges worldwide. But like I told everyone it could take weeks before this rollout occurs after the re-instatement is signed off. [Post 2 of 2]
1-4-2018 Intel Guru Frank26 ON THE 7TH/8TH IRAQ WILL MEET WITH IMF AGAIN, MONETARY REFORM...ON THE 8TH IS AN ANNUAL EVENT - BANKS AROUND THE WORLD DO A SOFTWARE UPDATE...THERE SHOULD BE A 72 HOUR WAIT, SO ON THE 9TH TO THE 11TH A WINDOW WILL OPEN UP FOR IRAQ TO SHOW A RATE...FROM THE 12TH ON WE WILL BE WATCHING EVERY BREATH OF THE CBI...
1-4-2018 Intel Guru RayRen There is no push to get lower denominations out of ATMs because Iraq wants their people to use their cards rather than paper money. So they are working on getting the citizens more acclimated to using their cards, and making them aware that the ATMs are available for cash when they need it. Banking institutions here on excited, alert, and ready – or at least that’s what they are telling us…Iraq is done, although the CBI has yet to change its rate in public.
1-4-2018 Newshound/Intel Guru Mnt Goat Article: “PARLIAMENTARY FINANCE PREPARES THE CURRENCY AUCTION FROM THE DOORS OF CORRUPTION” Quote: “THE SALE OF THE CURRENCY HAS BECOME A PLACE TO STEAL THE DOLLAR AND THE SMUGGLING OF CURRENCY ABROAD,” …so now we get an article advising the CBI to close the currency auctions down…How can they do this without a re-instatement of the currency? The auctions is the mechanism to which they use to convert dinars to dollars to pay foreign remittances. So, unless they can once again use dinar openly, there has to be some means to convert. FACT- we know that now that Chapter VII is “fully” gone and the CBI can do what it wants with its currency and does not have to stay under this auction program any longer. So further use of the auctions is purely the decision of the CBI. So why are they still using the process then? I will tell you… [Post 1 of 2]
1-3-2018 Intel Guru Bruce Their CBI website sort of changed hands about December 31, 2017 from the US based in Houston. That website shifted back to the control of Iraq in Baghdad. They have the control of it now. The website is in Arabic, but without the English version or translation with that. That is a little different. We are kind of looking for that to come up in English. We weren’t able to get our Arabic speaking helpers to check that out to get us a heads up whether the rate was on the website or not. My inclination is to think maybe not.
1-3-2018 Intel Guru Aggiedad77 …THE IRAQI BALL IS STARTING TO ROLL RATHER CONSISTENTLY IMO…WHO HAS NOTICED OVER THE PAST 24-36 HOURS THAT ABADI HAS SPOKEN MORE AND MORE AND IT IS AS THOUGH HE IS POINTING TOWARDS A BRIGHT STAR…A STAR THAT LEADS IRAQ…AND IMO IT IS NOT IRAN…THEY HAVE THEIR OWN SELF-MADE TROUBLES…IRAQ IS RISING…ABADI IS WITHSTANDING ALL THE GARBAGE THROWN HIS WAY AND HE WILL LEAD HIS IRAQI CITIZENS INTO A NEW FUTURE...WAIT......WAIT.....WAIT…AS YOU WOULD FOR A FINE WINE…AS YOU WOULD FOR A PEACH TO RIPEN…AS YOU WOULD FOR THE COFFEE BEAN TO BE JUST RIGHT TO BE THE BEST…ABADI KNOWS THE PROCESS, WE MUST NOT HASTEN…INSTEAD PREPARE YOURSELF...
1-3-2018 Intel Guru RayRen ..,we had a natural expectation of a rate change when the markets opened yesterday morning. I don’t know exactly where we are with that…The next optimal time for that is this coming weekend, when the markets close on the 5th and open again on the 7th…They can change the rates during the week, if they so choose; the weekends are just the optimal times to do so, with larger windows in which to change the numbers. So far as we’re concerned, it’s done.
1-3-2018 Newshound Guru Adam Montana Going into 2018, perhaps this is a good opportunity to remind everyone WHY we are interested in the Dinar at all... some...have been here more than a couple years, and the "wait" can be taxing. Iraq has overcome incredible difficulties, rebuilt a decimated region, solidified a government, and STILL has a majority of the available reserves of OIL. That itself should be enough to give us confidence that even though we don't know *when* the value will go up, it is certainly an undervalued instrument of exchange, and the low price will not stay there forever. Oil is finally on an uptick, which will work in Iraq's favor. In order to take advantage of that momentum, Iraq will need to get moving on HCL . There is no significant news out on the HCL as I write this today, but this is a matter that WILL come to the table, and when it does... snowball effect. ...Going into 2018, I'm excited to see what pops up... either way, I'm happy HODLing my dinar and waiting for some HCL news. It can't be too far off now!
1-3-2018 Newshound Guru Mnt Goat Quote: “Said the director of the Rafidain Bank…the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY…” So why are there these 3 zero notes being dispensed?…This is not official CBI policy but rather banks taking advantage of the situation and wanting the ATM fees. They has a large investment in the machines and want a payback. Some of them have been waiting a very long time to active their machines. While at the same time the CBI is telling them to hold up. I know for a FACT the CBI applied to re-instatethe IQD and it was accepted and approved. Why the delay? This is the BIG question but not yet we still have some time before we get worried again. Let is all shake out! [Post 2 of 2]
1-3-2018 Newshound Guru Mnt Goat …The plan is and always will be to use the ATMs as a way to dispense the lower denominations once the re-instatement occurred. People will also need some amount of cash once electronic banking kicks in country-wide. Remember they are no longer to the payroll window at the banks and getting wads of cash…So what pops out in the news yesterday. Low and behold an article explaining just what I have been telling everyone. Article “RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY” [Post 1 of 2]
1-3-2018 Intel Guru Bruce I do believe it is close and we have indications we might be just where we need to be. We said Iraq is basically is done and operating with a new rate. They haven’t yet put out to the world what that rate is…I know our US Treasury is working closely with the CBI in Iraq. It maybe the CBI changeover or revealing of the new rate on the Iraqi dinar maybe controlled or somehow indicated by our US Treasury…The rates are solid, all good…
1-3-2018 Intel Guru Aggiedad77 …THE IRAQI BALL IS STARTING TO ROLL RATHER CONSISTENTLY IMO…WHO HAS NOTICED OVER THE PAST 24-36 HOURS THAT ABADI HAS SPOKEN MORE AND MORE AND IT IS AS THOUGH HE IS POINTING TOWARDS A BRIGHT STAR…A STAR THAT LEADS IRAQ…AND IMO IT IS NOT IRAN…THEY HAVE THEIR OWN SELF-MADE TROUBLES…IRAQ IS RISING…ABADI IS WITHSTANDING ALL THE GARBAGE THROWN HIS WAY AND HE WILL LEAD HIS IRAQI CITIZENS INTO A NEW FUTURE...WAIT......WAIT.....WAIT…AS YOU WOULD FOR A FINE WINE…AS YOU WOULD FOR A PEACH TO RIPEN…AS YOU WOULD FOR THE COFFEE BEAN TO BE JUST RIGHT TO BE THE BEST…ABADI KNOWS THE PROCESS, WE MUST NOT HASTEN…INSTEAD PREPARE YOURSELF...
1-3-2018 Intel Guru RayRen ..,we had a natural expectation of a rate change when the markets opened yesterday morning. I don’t know exactly where we are with that…The next optimal time for that is this coming weekend, when the markets close on the 5th and open again on the 7th…They can change the rates during the week, if they so choose; the weekends are just the optimal times to do so, with larger windows in which to change the numbers. So far as we’re concerned, it’s done.
1-3-2018 Newshound Guru Adam Montana Going into 2018, perhaps this is a good opportunity to remind everyone WHY we are interested in the Dinar at all... some...have been here more than a couple years, and the "wait" can be taxing. Iraq has overcome incredible difficulties, rebuilt a decimated region, solidified a government, and STILL has a majority of the available reserves of OIL. That itself should be enough to give us confidence that even though we don't know *when* the value will go up, it is certainly an undervalued instrument of exchange, and the low price will not stay there forever. Oil is finally on an uptick, which will work in Iraq's favor. In order to take advantage of that momentum, Iraq will need to get moving on HCL . There is no significant news out on the HCL as I write this today, but this is a matter that WILL come to the table, and when it does... snowball effect. ...Going into 2018, I'm excited to see what pops up... either way, I'm happy HODLing my dinar and waiting for some HCL news. It can't be too far off now!
1-3-2018 Newshound Guru Mnt Goat Quote: “Said the director of the Rafidain Bank…the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY…” So why are there these 3 zero notes being dispensed?…This is not official CBI policy but rather banks taking advantage of the situation and wanting the ATM fees. They has a large investment in the machines and want a payback. Some of them have been waiting a very long time to active their machines. While at the same time the CBI is telling them to hold up. I know for a FACT the CBI applied to re-instatethe IQD and it was accepted and approved. Why the delay? This is the BIG question but not yet we still have some time before we get worried again. Let is all shake out! [Post 2 of 2]
1-3-2018 Newshound Guru Mnt Goat …The plan is and always will be to use the ATMs as a way to dispense the lower denominations once the re-instatement occurred. People will also need some amount of cash once electronic banking kicks in country-wide. Remember they are no longer to the payroll window at the banks and getting wads of cash…So what pops out in the news yesterday. Low and behold an article explaining just what I have been telling everyone. Article “RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY” [Post 1 of 2]
1-3-2018 Intel Guru Bruce I do believe it is close and we have indications we might be just where we need to be. We said Iraq is basically is done and operating with a new rate. They haven’t yet put out to the world what that rate is…I know our US Treasury is working closely with the CBI in Iraq. It maybe the CBI changeover or revealing of the new rate on the Iraqi dinar maybe controlled or somehow indicated by our US Treasury…The rates are solid, all good…
1-2-2018 Newshound Guru G-Lin News release: "To all banks licensed to practice money exchange and all authorized financial transfer companies (filing applications on 2018/1/7)". The pdf is in Arabic, but it mentions {RTGS} [Real-time gross settlement]. I think this may be big… It looks like it is opening Iraq up to International banking which is something we have only dreamed about. I think it is all about digital banking. It may affect the auctions. Less cash required. The imports and exports could become an instant electronic transaction. I would like to think this would require a true valued currency. It just tells me that the banking industry has really come a long way. Iraq is coming out of the dark ages since the Chap. 7 restrictions were removed. This also clamps down on the corruption in the black market imports. The whales have had a field day. Transparency and accountability will be key moving forward.
1-2-2018 Newshound/Intel Guru tman23 …STILL POINTING FINGERS WHY OUR NOT EXCHANGING…YES NO ZEROS WERE LIFTED…NO CHANGES MADE…I’m sure everyone is disappointed and will hang on until next month or maybe until after the elections or maybe after the reappointment of a new CBI governor…There are a million reasons or excuse that can be made… I said NOW or Never and seen good reason for the event…start of the new year…opening day…LOOKS like a BUST…time to let the ludicrous idea DIE !!…it's been on life support for to long…
1-2-2018 Newshound Guru Mnt Goat …This information I am hearing is real this time and I am hearing great things from the CBI. I am hearing from my CBI contact they are going forward this time and can not afford to stall it again. However here is the problem: The CBI is now working closely with the US Treasury to release it. This is the ONLY holdup right now….My advice is to just wait and watch….its coming folks…..!!!!!! Tic Toc, Tic Toc we are on a clock! [Post 2 of 2]
1-2-2017 Newshound/Intel Guru Mnt Goat Wow! January 2018 has arrived. HAPPY NEW YEAR everyone! Seems like we have been waiting for this timeframe for a VERY long time. It is here now and we are witnessing history being made. I want everyone to know I am not predicting a date for an RV. What I am attempting to do is to give you my BEST possible evaluation of the situation now at hand according to the data presented to us…I know for a fact the new ATM machines are programmed only to handle the newer lower denomination category notes… I know for a fact that some banks still don’t have the software tested and worked out for their machines to be online yet. This is an ongoing project. They hoped to have them all up and running by the end of 2017… [Post 1 of 2]
1-2-2018 Newshound Guru Enorrste Article: "Iraq launches ATM mail service (ATM)" The import of the article seems to be that the user of the ATM will not get cash back at all but instead will get a credit on a plastic card. This will allow the CBI to destroy the larger bills as the value rises. In other words these ATM machines aren't going to be like the ones in the US, where you put in a plastic card and get paper cash back. It is just the opposite (that's my take, anyway) where you put in the cash and get credit onto your plastic card.
1-2-2018 Intel/Newshound Guru Frank26 ...IOO...THEY WILL COME OUT AT 1 TO1…OR LESS NOW... THEY WILL FLOAT…THEN CAP...
1-2-2018 Intel Guru DR. CLARKE In our very last Opinion Today, we believe what you seek, will happen Very Soon. Is that vague enough, yet direct enough for you? Regardless, this all will soon pass, in utter happiness & celebration, dwarfing any frustration, disappointment, anger, resentment, blame and confusion. It will just be a memory. Exactly When? We don’t know…Today, will be the last time we ever share our Opinions…for it’s now time to go on to New Things..Good Luck, and have a Very Exciting & Eventful January & 2018. THANK YOU. The Best is Yet to Come!
1-2-2018 Intel/Newshound Guru MilitiaMan Has there been an auction within the last 24 - 48 - 72 hours? I don't think so. With this suggesting it is time to stop... Ceasing them is huge and that is what it appears happening and directly... imo
1-2-2018 Newshound Guru tman23 "I expect to be " short " from the holidays and making a deposit if I can find money to do so :)" ... In the past Iraq held markets closed up to the 6th after the new year...... I wait until tomorrow [Today]...not next week or next month........ NOW or NEVER....Tomorrow [Today] is opening day.........lets see how they lift the zeros...
1-2-2018 Newshound Guru Enorrste Article: "The damaged cash currency is a problem for the Iraqi citizen" The fact that a large number of notes are damaged gives the CBI an excuse to draw them in so that they can be destroyed. The way to do this is to convince people to deposit their old notes into a bank. By doing so the people still have the value of the money without having the actual notes, which could then be destroyed by the CBI, thus lowering the money supply and putting upward pressure on the value. Whether this is the plan or not remains to be seen but it is clearly not in the CBI's best interest to just reprint more large notes at this time.
1-2-2018 Newshound/Intel Guru tman23 …STILL POINTING FINGERS WHY OUR NOT EXCHANGING…YES NO ZEROS WERE LIFTED…NO CHANGES MADE…I’m sure everyone is disappointed and will hang on until next month or maybe until after the elections or maybe after the reappointment of a new CBI governor…There are a million reasons or excuse that can be made… I said NOW or Never and seen good reason for the event…start of the new year…opening day…LOOKS like a BUST…time to let the ludicrous idea DIE !!…it's been on life support for to long…
1-2-2018 Newshound Guru Mnt Goat …This information I am hearing is real this time and I am hearing great things from the CBI. I am hearing from my CBI contact they are going forward this time and can not afford to stall it again. However here is the problem: The CBI is now working closely with the US Treasury to release it. This is the ONLY holdup right now….My advice is to just wait and watch….its coming folks…..!!!!!! Tic Toc, Tic Toc we are on a clock! [Post 2 of 2]
1-2-2017 Newshound/Intel Guru Mnt Goat Wow! January 2018 has arrived. HAPPY NEW YEAR everyone! Seems like we have been waiting for this timeframe for a VERY long time. It is here now and we are witnessing history being made. I want everyone to know I am not predicting a date for an RV. What I am attempting to do is to give you my BEST possible evaluation of the situation now at hand according to the data presented to us…I know for a fact the new ATM machines are programmed only to handle the newer lower denomination category notes… I know for a fact that some banks still don’t have the software tested and worked out for their machines to be online yet. This is an ongoing project. They hoped to have them all up and running by the end of 2017… [Post 1 of 2]
1-2-2018 Newshound Guru Enorrste Article: "Iraq launches ATM mail service (ATM)" The import of the article seems to be that the user of the ATM will not get cash back at all but instead will get a credit on a plastic card. This will allow the CBI to destroy the larger bills as the value rises. In other words these ATM machines aren't going to be like the ones in the US, where you put in a plastic card and get paper cash back. It is just the opposite (that's my take, anyway) where you put in the cash and get credit onto your plastic card.
1-2-2018 Intel/Newshound Guru Frank26 ...IOO...THEY WILL COME OUT AT 1 TO1…OR LESS NOW... THEY WILL FLOAT…THEN CAP...
1-2-2018 Intel Guru DR. CLARKE In our very last Opinion Today, we believe what you seek, will happen Very Soon. Is that vague enough, yet direct enough for you? Regardless, this all will soon pass, in utter happiness & celebration, dwarfing any frustration, disappointment, anger, resentment, blame and confusion. It will just be a memory. Exactly When? We don’t know…Today, will be the last time we ever share our Opinions…for it’s now time to go on to New Things..Good Luck, and have a Very Exciting & Eventful January & 2018. THANK YOU. The Best is Yet to Come!
1-2-2018 Intel/Newshound Guru MilitiaMan Has there been an auction within the last 24 - 48 - 72 hours? I don't think so. With this suggesting it is time to stop... Ceasing them is huge and that is what it appears happening and directly... imo
1-2-2018 Newshound Guru tman23 "I expect to be " short " from the holidays and making a deposit if I can find money to do so :)" ... In the past Iraq held markets closed up to the 6th after the new year...... I wait until tomorrow [Today]...not next week or next month........ NOW or NEVER....Tomorrow [Today] is opening day.........lets see how they lift the zeros...
1-2-2018 Newshound Guru Enorrste Article: "The damaged cash currency is a problem for the Iraqi citizen" The fact that a large number of notes are damaged gives the CBI an excuse to draw them in so that they can be destroyed. The way to do this is to convince people to deposit their old notes into a bank. By doing so the people still have the value of the money without having the actual notes, which could then be destroyed by the CBI, thus lowering the money supply and putting upward pressure on the value. Whether this is the plan or not remains to be seen but it is clearly not in the CBI's best interest to just reprint more large notes at this time.
1-1-2018 Newshound Guru Mnt Goat ...The zeros will NOT be “deleted” from the IQD currency when we exchange! The zeros will NOT be “deleted” from the IQD currency when we exchange! The zeros will NOT be “deleted” from the IQD currency when we exchange! Get it now? If they did drop the zeros it would be called a “lop”. This not just a slang word I am using. It is in fact a technical term used by the IMF. It means to drop zeroes off “hyper-inflated” currency. I can assure you I would not be here today...if the IQD was going to “lop”. The fact is, they told us many times that some of the 3 zero notes would remain in circulation and coincide for up to 10 years with the newer, lower category notes (about to be issued). [Post 2 of 2]
1-1-2018 Newshound Guru Mnt Goat …When we do exchange the dinar will be exchanged only for the currency of our own country. For instance, dinar for dollars (USA) or dinar for euros (Europe), dinars for Canadian dollars (Canada), etc. The zeros will NOT be “deleted” from the currency when we exchange. Let me say this a couple more times since…This is being confused…The zeros will NOT be “deleted” from the IQD currency when we exchange! The zeros will NOT be “deleted” from the IQD currency when we exchange! The zeros will NOT be “deleted” from the IQD currency when we exchange! [Post 1 of 2]
1-1-2018 Intel/Newshound Guru Frank26 "Wow things are really heating up!…i perceived a strong feeling about the first few days coming out of the bank software update” VERY GOOD…NO ONE !!! ON THE NET HAD EVER MENTIONED / STUDIED / CONSIDERED THE ANNUAL SOFTWARE UPDATE EVENT OF ALL WORLD BANKS ON THE 8TH…IMO…A POWERFUL STEP…BASED ON "DECEMBER" IN IRAQ.
1-1-2018 Newshound Guru Mnt Goat ...FACT…We know that the CBI wants to float the dinar but can’t under the program rate and here is why. The CBI has told us that floating the dinar is difficult to apply in Iraq because the government monopolizes the dollar. The economy relies on a fixed exchange rate, or fixed with flexibility, and do not resort to the float method. In a very recent article the CBI notes that floating is difficult to apply in Iraq, considering that the government monopolies the currency and it is on a de facto peg to the dollar. The offer of the dollar and used as the only currency to deal in foreign trade. Remember this is all on the program rate and so they know they must get off the program rate, launch the currencies on the global exchanges and that way it can be allowed to float. [Post 2 of 2]
1-1-2018 Newshound Guru Mnt Goat FACT…The last four (4) targeted RV timeframes (2011, 2013, 2016 and 2017) were all in EARLY January. Our guess is the CBI will go do the same in the next attempt. Evidence is showing an EARLY 2018 timeframe, however the CBI has NOT “officially” told us this is the case, as in the other attempts…FACT…We know the Finance Committee of the GOI wants to start a new fiscal year fresh when they do re-instate the currency. We know that the Finance Ministry has hired consultants to model RV 1:1, 1:2 and a 1:3 (IQD:USD) scenarios. Why would they do this? It was very expensive to do…FACT…We know the basic process of how the CBI intends to roll out the re-instatement of the currency. It includes a slow rollout of the new lower category notes as the rate increases. This must coincide with a new rate of some kind to kick off the process... [Post 1 of 2]
1-1-2018 Newshound Guru Mnt Goat …When we do exchange the dinar will be exchanged only for the currency of our own country. For instance, dinar for dollars (USA) or dinar for euros (Europe), dinars for Canadian dollars (Canada), etc. The zeros will NOT be “deleted” from the currency when we exchange. Let me say this a couple more times since…This is being confused…The zeros will NOT be “deleted” from the IQD currency when we exchange! The zeros will NOT be “deleted” from the IQD currency when we exchange! The zeros will NOT be “deleted” from the IQD currency when we exchange! [Post 1 of 2]
1-1-2018 Intel/Newshound Guru Frank26 "Wow things are really heating up!…i perceived a strong feeling about the first few days coming out of the bank software update” VERY GOOD…NO ONE !!! ON THE NET HAD EVER MENTIONED / STUDIED / CONSIDERED THE ANNUAL SOFTWARE UPDATE EVENT OF ALL WORLD BANKS ON THE 8TH…IMO…A POWERFUL STEP…BASED ON "DECEMBER" IN IRAQ.
1-1-2018 Newshound Guru Mnt Goat ...FACT…We know that the CBI wants to float the dinar but can’t under the program rate and here is why. The CBI has told us that floating the dinar is difficult to apply in Iraq because the government monopolizes the dollar. The economy relies on a fixed exchange rate, or fixed with flexibility, and do not resort to the float method. In a very recent article the CBI notes that floating is difficult to apply in Iraq, considering that the government monopolies the currency and it is on a de facto peg to the dollar. The offer of the dollar and used as the only currency to deal in foreign trade. Remember this is all on the program rate and so they know they must get off the program rate, launch the currencies on the global exchanges and that way it can be allowed to float. [Post 2 of 2]
1-1-2018 Newshound Guru Mnt Goat FACT…The last four (4) targeted RV timeframes (2011, 2013, 2016 and 2017) were all in EARLY January. Our guess is the CBI will go do the same in the next attempt. Evidence is showing an EARLY 2018 timeframe, however the CBI has NOT “officially” told us this is the case, as in the other attempts…FACT…We know the Finance Committee of the GOI wants to start a new fiscal year fresh when they do re-instate the currency. We know that the Finance Ministry has hired consultants to model RV 1:1, 1:2 and a 1:3 (IQD:USD) scenarios. Why would they do this? It was very expensive to do…FACT…We know the basic process of how the CBI intends to roll out the re-instatement of the currency. It includes a slow rollout of the new lower category notes as the rate increases. This must coincide with a new rate of some kind to kick off the process... [Post 1 of 2]
12-31-2017 Newshound Guru Mnt Goat ...This does not mean the currency auctions automatically ended on Dec 8th as some are telling you. In fact, just this week the CBI published yet another currency auction results…FACT…We know thru hundreds of articles that these currency auctions were the basis for ramped corruption, money laundering, terrorist funding. We know the frustration of the CBI and how it can't seem to eliminate this corruption to satisfactory levels, thus the only alternative is to eliminate the auctions. But when and what then? [Post 2 of 2]
12-31-2017 Newshound Guru Mnt Goat Tic Toc, Tic Toc we are on a clock! We must believe this RV is coming soon. There is just way too much evidence in all areas to think otherwise. FACT…We know that the UN security council voted on Dec 8th to "fully' release Iraq from Chapter VII. This means they can do whatever they want with their currency (within certain boundaries of the IMF, including the re-instatement back to a normal status). In other words, they technically do not have to conduct the currency auctions any longer or trade using only US dollars... [Post 1 of 2]
12-31-2017 Newshound Guru Kaperoni Article: "Association of private banks: 3 million Iraqis will create a bank account during the next two Amyin" This article is a great reminder of the facts... There is 34 trillion dinar outside the banks in mattresses that must begin to be drawn in through deposits before anything can happen. And the article is clear, they expect 3 million Iraqi's to open accounts over the next two years. There is no overnight RV (not even a dime), a float or gradual appreciation is the only realistic option which has also been stated numerous times in the IMF reports.
12-31-2017 Newshound Guru BGG There is a lot of news about this major private bank offering major ATM services. This is very interesting. There are lots of people talking about that there are lower denominations, this that and the other thing. We don’t know that. We have no facts to back that up. We have no proof. We’d like to see some proof. I know it as fact that there was an article that kind of alluded to lower denoms but it’s not like that…they talked about the 500 notes and the 1000 notes. I have no idea why they would do that it they didn’t have a value associated with that but they did talk about it and it is in an article…so that is the extent of lower denominations…there is no shred of proof that those ATMs are loaded with lower denoms. When there is proof we will post it but right now there is no proof.
12-31-2017 Intel Guru Rayon98 I tried to get solid confirmation that lower denom's are being dispensed from the ATM's. We see the ATM's are active. Some sources say they are dispensing US dollars and not lower denom's. So, they are trying to ascertain which ones or if both are being dispensed through the ATM's that are set up…Things have been real quiet over there. It's possible, it's the quiet before the storm, if you will…I think we should see some realization of what we are looking forward to, with the expectation that Jan 2nd you should be in a position of going to the bank if you want to exchange or not…
12-31-2017 Newshound Guru Mnt Goat Tic Toc, Tic Toc we are on a clock! We must believe this RV is coming soon. There is just way too much evidence in all areas to think otherwise. FACT…We know that the UN security council voted on Dec 8th to "fully' release Iraq from Chapter VII. This means they can do whatever they want with their currency (within certain boundaries of the IMF, including the re-instatement back to a normal status). In other words, they technically do not have to conduct the currency auctions any longer or trade using only US dollars... [Post 1 of 2]
12-31-2017 Newshound Guru Kaperoni Article: "Association of private banks: 3 million Iraqis will create a bank account during the next two Amyin" This article is a great reminder of the facts... There is 34 trillion dinar outside the banks in mattresses that must begin to be drawn in through deposits before anything can happen. And the article is clear, they expect 3 million Iraqi's to open accounts over the next two years. There is no overnight RV (not even a dime), a float or gradual appreciation is the only realistic option which has also been stated numerous times in the IMF reports.
12-31-2017 Newshound Guru BGG There is a lot of news about this major private bank offering major ATM services. This is very interesting. There are lots of people talking about that there are lower denominations, this that and the other thing. We don’t know that. We have no facts to back that up. We have no proof. We’d like to see some proof. I know it as fact that there was an article that kind of alluded to lower denoms but it’s not like that…they talked about the 500 notes and the 1000 notes. I have no idea why they would do that it they didn’t have a value associated with that but they did talk about it and it is in an article…so that is the extent of lower denominations…there is no shred of proof that those ATMs are loaded with lower denoms. When there is proof we will post it but right now there is no proof.
12-31-2017 Intel Guru Rayon98 I tried to get solid confirmation that lower denom's are being dispensed from the ATM's. We see the ATM's are active. Some sources say they are dispensing US dollars and not lower denom's. So, they are trying to ascertain which ones or if both are being dispensed through the ATM's that are set up…Things have been real quiet over there. It's possible, it's the quiet before the storm, if you will…I think we should see some realization of what we are looking forward to, with the expectation that Jan 2nd you should be in a position of going to the bank if you want to exchange or not…
12-30-2017 *** Dinar Guru NewsUpdate *** The gurus are reporting...effective YESTERDAY (maybe as early as Thursday) E.O. 13303 has been terminated and replaced with E.O. 13668. As you recall, each spring the dinar community would watch with bated breath as EO 13303 was set to expire...each year (usually last minute) the president would extend the EO another year. Now, somewhat out of the blue, BOOM, it's done. EO 13303 appears to be terminated. "OFAC is amending the regulations to implement EO 13668 by removing the regulatory provisions that implemented the protections granted under amended EO 13303." Stay tuned as the gurus chime in to discuss the difference between 13303 and 13668, the implications of this potentially MAJOR change on Iraq and the dinar and the interesting timing of it's termination since it would have expired in a few months on it's own (if not renewed by the president). [The latest Guru updates will continue below...]
12-30-2017 Newshound Guru Mnt Goat ...So what happens when the dinar rate does change to something very substantial, like a 1:1? The banks will launch the lower categories by loading them in the ATMs such as some or all of the 1,5,10,25,100 notes. This will be done as needed to meet the demand. However, having said all this, I have to tell you we have known the ATMs were an integral part of the plan of the “project to delete the zeros” all along. We have known this since 2011, if you paid attention to the news back then from the CBI and the Finance Ministry. Yes, we have been waiting now for over 6 years for these ATM machines. Now that the ATMs are “launched” (meaning online) when will they load the new notes? [Part II: Post 2 of 2 See below for Part I]
12-30-2017 Newshound Guru Mnt Goat The ATM machines are NOT now dispensing any currency. They are live but dormant. The Rafidian bank did a ceremonial ribbon cutting on their part the other day. The three zero notes like the 5k, 10k or 25k notes (or higher) are not designated for these ATMSs. These are the notes being deleted and the banks do not want to infuse more of them back into circulation. So that leaves only the newer lower category notes. Right? And we know what must happen when they launch these notes. Right? [Part II: Post 1 of 2]
12-30-2017 Newshound Guru Kaperoni Article: “The damaged cash currency is a problem for the Iraqi citizen“. It appears Iraq is getting to a point of damaged currency again. They either have to reprint replacements or begin the transition to delete zeros.. I am hopeful the later is coming. I think we in a good position. Reprinting and using the same notes does nothing to encourage investment or facilitate the banking system.
12-30-2017 Intel/Newshound Guru Frank26 IMO…ATMS ARE TEACHING THE CITIZENS…BUT WISH TO SAY ALSO IMO THAT TIME IS RUNNING OUT. MO…ATMS IN IRAQ WILL HAVE A PERSON ASSIGNED TO THEM 24/7 FOR A TIME PERIOD TO ACT AS A TEACHER. IMO…POST RI…CITIZENS THAT LACKED BEHIND WILL BE GUIDED AND ESCORTED BY THESE CBI OFFICIALS TO AID IN ALL ATM TRANSACTIONS. IN OTHER WORDS TEACHING WILL CONTINUE POST RI…CAUSE THEY ARE SPEEDING THINGS UP…FASTER. YES. I WISH TO SHARE MUCH…MORE. BECAUSE IMO …………IT’S ALL DELICIOUS...
12-30-2017 Newshound Guru Mnt Goat FACT…We know that on Dec 27th we have four (4) articles about the launching of the ATM services in Iraq. One more just came in today and so that makes five (5)…Is this a BIG deal? These machines are NOT yet in service dispensing currency but they are telling us they are ready now…That is all they are telling us. So relax. Many of the other banks have already signaled to the CBI that they are also ready. So what are they waiting for to load them? Will they fill then with cash and begin dispensing soon? [Part I: Post 2 of 2 Stay tuned for the rest of the story in Part II]
12-30-2017 Newshound Guru Mnt Goat FACT…We know the plan was NOT to use the ATM machines until the new lower category notes are to be launched. We have read multiple articles about the banks complaining to the CBI about their investment in these machines, yet they can’t use them. What is taking so long? FACT…The CBI has told us as far back as 2011 the plan to “delete the zeros” and these ATM machines were connected and would be part of this process as they would be used to launch the new notes (lower denomination categories) FACT…We know these new category notes can't be launched without a new rate since - why would they put a note out that is worthless under the program rate? For example: a 1 dinar note is worth only .001 of a cent USD. Totally meaningless and worthless to the Iraqi people... [Part I: Post 1 of 2]
12-30-2017 Newshound Guru BGG There is a ton of news…the news for the last 3 or 4 weeks has been absolutely spectacular…It is just huge. There’s 3 main veins of news lately. 1. It’s about the Kurdish situation. The whole thing seems to be coming to a head both politically, international pressure wise on the ground…i doubt this goes on much longer…and that’s going to be good for everybody. 2. Investment and economic climate in Iraq. this is the Key and is really really good stuff. We are getting this in waves lately and we’re getting avalanched with this stuff. I’ve never seen this before. It’s very exciting for the future of Iraq. 3. Fight against corruption. There seems to be a very direct, immediate and through push to deal with their corruption issues. Huge amounts of progress lately. There is lots yet to be done but this is good news...
12-30-2017 Newshound Guru Mnt Goat The ATM machines are NOT now dispensing any currency. They are live but dormant. The Rafidian bank did a ceremonial ribbon cutting on their part the other day. The three zero notes like the 5k, 10k or 25k notes (or higher) are not designated for these ATMSs. These are the notes being deleted and the banks do not want to infuse more of them back into circulation. So that leaves only the newer lower category notes. Right? And we know what must happen when they launch these notes. Right? [Part II: Post 1 of 2]
12-30-2017 Newshound Guru Kaperoni Article: “The damaged cash currency is a problem for the Iraqi citizen“. It appears Iraq is getting to a point of damaged currency again. They either have to reprint replacements or begin the transition to delete zeros.. I am hopeful the later is coming. I think we in a good position. Reprinting and using the same notes does nothing to encourage investment or facilitate the banking system.
12-30-2017 Intel/Newshound Guru Frank26 IMO…ATMS ARE TEACHING THE CITIZENS…BUT WISH TO SAY ALSO IMO THAT TIME IS RUNNING OUT. MO…ATMS IN IRAQ WILL HAVE A PERSON ASSIGNED TO THEM 24/7 FOR A TIME PERIOD TO ACT AS A TEACHER. IMO…POST RI…CITIZENS THAT LACKED BEHIND WILL BE GUIDED AND ESCORTED BY THESE CBI OFFICIALS TO AID IN ALL ATM TRANSACTIONS. IN OTHER WORDS TEACHING WILL CONTINUE POST RI…CAUSE THEY ARE SPEEDING THINGS UP…FASTER. YES. I WISH TO SHARE MUCH…MORE. BECAUSE IMO …………IT’S ALL DELICIOUS...
12-30-2017 Newshound Guru Mnt Goat FACT…We know that on Dec 27th we have four (4) articles about the launching of the ATM services in Iraq. One more just came in today and so that makes five (5)…Is this a BIG deal? These machines are NOT yet in service dispensing currency but they are telling us they are ready now…That is all they are telling us. So relax. Many of the other banks have already signaled to the CBI that they are also ready. So what are they waiting for to load them? Will they fill then with cash and begin dispensing soon? [Part I: Post 2 of 2 Stay tuned for the rest of the story in Part II]
12-30-2017 Newshound Guru Mnt Goat FACT…We know the plan was NOT to use the ATM machines until the new lower category notes are to be launched. We have read multiple articles about the banks complaining to the CBI about their investment in these machines, yet they can’t use them. What is taking so long? FACT…The CBI has told us as far back as 2011 the plan to “delete the zeros” and these ATM machines were connected and would be part of this process as they would be used to launch the new notes (lower denomination categories) FACT…We know these new category notes can't be launched without a new rate since - why would they put a note out that is worthless under the program rate? For example: a 1 dinar note is worth only .001 of a cent USD. Totally meaningless and worthless to the Iraqi people... [Part I: Post 1 of 2]
12-30-2017 Newshound Guru BGG There is a ton of news…the news for the last 3 or 4 weeks has been absolutely spectacular…It is just huge. There’s 3 main veins of news lately. 1. It’s about the Kurdish situation. The whole thing seems to be coming to a head both politically, international pressure wise on the ground…i doubt this goes on much longer…and that’s going to be good for everybody. 2. Investment and economic climate in Iraq. this is the Key and is really really good stuff. We are getting this in waves lately and we’re getting avalanched with this stuff. I’ve never seen this before. It’s very exciting for the future of Iraq. 3. Fight against corruption. There seems to be a very direct, immediate and through push to deal with their corruption issues. Huge amounts of progress lately. There is lots yet to be done but this is good news...
12-29-2017 Intel Guru Randy Koonce …I say that because being in this so long I know what you are going to do - Everyone is going to stop breathing and move to panic mode. Don't do that. Breathe. When it happens - everyone should know about it shortly. Because everyone is looking for it…2018 should be a pretty amazing year for all of us. It will be life changing for many. Because of that fact, I would encourage everyone to take the upcoming week end and make some really serious New Year Resolutions…Number One on everyone's list should be: Don't Be Stupid and react without Thinking…Plan out what you want to do. Carefully. Breathe. Pray. Breathe some more. Pray again. And again. I wish you all the very best in your new endeavors. Make this ride worthwhile. It's been a long one. We are close.. Every large bank will exchange.. RELAX the RV is coming...Breathe,,,Do not let your emotions get to you. [Post 2 of 2]
12-29-2017 Intel Guru Randy Koonce One more update to all citizens of Dinar Land. And it is my deepest hope - this will be the last one. It really should be The Last One. If you have been keeping up with posts from other renowned Dinar Land Gurus (which everyone does!!) you should know that the news from Iraq right now is Phenomenal. Stupendous. Amazing…For what it may be worth to you, I wanted to let you know that my sources are echoing very positive news along with everyone else. It looks like the window for a rate change should be wide open during the 1st two weeks of January. And, that might even include this weekend. Maybe…However - everyone who has been in this for a while knows the Dinar Land mantra: It's Iraq!!! [Post 1 of 2]
12-29-2017 Newshound Guru Mr. White ...The auctions have been like the IV stuck inside the arm of the patient lying in bed since 2003. Now they’re going to pull that IV out. How in the world can they do that? Unless that patient of Iraq can bring this stuff in…Do international commerce with something other than the auctions. And the auctions only do one thing…puts dollars back into the street. Back into the merchant. Back into the banks. Now they’re going to stop it. I am excited about this. I’ve been sitting on this stuff for the past 2, 3 or four months satisfied because I know what’s happening and now this… [Post 3 of 3 All of this pertains to Guru BGG's "cataclysmic" post below...]
12-29-2017 Newshound Guru tman23 Article: Abadi to disrupt the official working day next Sunday...let's just pray this favors us and our long time speculation!!
12-29-2017 Newshound Guru Mr. White …He then in turn gave the equivalent amount of IQD to the bank. The bank went to the auction window with CBI. The CBI sold dollars and the dollars were returned to the merchant. The CBI turned around and sold IQD to the Government of Iraq, they had US dollars because they sold oil and it was this circle…the corruption just kept getting bigger and bigger. But now for the first time in 14 years…Never never have they talked about ending the auctions... [Post 2 of 3 All of this pertains to Guru BGG's "cataclysmic" post below...]
12-29-2017 Newshound Guru Mr. White ...I think there is something within the last couple days that speaks volumes as to what’s coming down the road…there is something that came out in the news…that has not been spoken about at all since 2003. In 2003 the provisional government set up the auction as we know it today for the purpose of giving the government of Iraq as well as it’s economy [the ability] to import goods from the outside. And the way they did that was they had to pay for goods with U.S. Dollars to bring this stuff in. When a merchant paid in US dollars, say $500,000 to import rice or sugar, that guy went to the bank immediately and said I just used $500,000 of my US dollars I want it returned to me… [Post 1 of 3 All of this pertains to Guru BGG's "cataclysmic" post below...]
12-29-2017 Newshound Guru MilitiaMan The CBI openly showing the ATMs in training, tells the world that the new currency is coming and we all know that the CBI is fully ready to activate all MRs.(Moetary Reforms) By having all banks now Globally ready for the IQD per yesterdays articles referencing EO13303 and EO13668 by our or POTUS and the OFAC list by the UST. All timed for the end game, imo
12-29-2017 Newshound Guru BGG This is the #1 piece of information being overlooked right now. When they stop those auctions and they don’t say particularly when they’re going to do it next year. I’d assume it happens fairly early in the new year…right after the first of the year. Something cataclysmic is going to happen. I’d assume they have some sort of a plan for that… [Stay tuned for Guru Mr. White's explanation of what the auctions are, why they're so significant and what had Guru Mr. White so excited...]
12-29-2017 Newshound Guru Kaperoni Article: [Central Bank: float the dinar is difficult to apply in Iraq] We just need to wait and see. I would not be so quick to assume they won't float..because that is the option. They want to end the auctions, the CBI needs revenue, and needs to provide a currency for international transactions. Floating and Article VIII are those solutions. Allaq himself stated he wanted the dinar included in the global basket of currencies in the vital world stock markets.
12-29-2017 Newshound Guru G-Lin Article quote: "Al-Rafidain Bank announced on Wednesday the launch of the ATM service in Iraq through the adoption of the electronic payment card (master card and other payment card) held by the citizen to withdraw his money anywhere." [The only part that concerns me about the new ATMs is that they obviously rolled them out with the large denoms. It doesn't seem like they would do that and then have to switch them over to lower denom models in Q1, but maybe the conversion isn't that difficult...] I don't think they would put L.D.s in the ATMs until after a currency change. It wouldn't do them much good. They also want the peeps to come into the banks to exchange currency I'm sure. I know I'm ready to exchange mine.
12-29-2017 Intel Guru Randy Koonce One more update to all citizens of Dinar Land. And it is my deepest hope - this will be the last one. It really should be The Last One. If you have been keeping up with posts from other renowned Dinar Land Gurus (which everyone does!!) you should know that the news from Iraq right now is Phenomenal. Stupendous. Amazing…For what it may be worth to you, I wanted to let you know that my sources are echoing very positive news along with everyone else. It looks like the window for a rate change should be wide open during the 1st two weeks of January. And, that might even include this weekend. Maybe…However - everyone who has been in this for a while knows the Dinar Land mantra: It's Iraq!!! [Post 1 of 2]
12-29-2017 Newshound Guru Mr. White ...The auctions have been like the IV stuck inside the arm of the patient lying in bed since 2003. Now they’re going to pull that IV out. How in the world can they do that? Unless that patient of Iraq can bring this stuff in…Do international commerce with something other than the auctions. And the auctions only do one thing…puts dollars back into the street. Back into the merchant. Back into the banks. Now they’re going to stop it. I am excited about this. I’ve been sitting on this stuff for the past 2, 3 or four months satisfied because I know what’s happening and now this… [Post 3 of 3 All of this pertains to Guru BGG's "cataclysmic" post below...]
12-29-2017 Newshound Guru tman23 Article: Abadi to disrupt the official working day next Sunday...let's just pray this favors us and our long time speculation!!
12-29-2017 Newshound Guru Mr. White …He then in turn gave the equivalent amount of IQD to the bank. The bank went to the auction window with CBI. The CBI sold dollars and the dollars were returned to the merchant. The CBI turned around and sold IQD to the Government of Iraq, they had US dollars because they sold oil and it was this circle…the corruption just kept getting bigger and bigger. But now for the first time in 14 years…Never never have they talked about ending the auctions... [Post 2 of 3 All of this pertains to Guru BGG's "cataclysmic" post below...]
12-29-2017 Newshound Guru Mr. White ...I think there is something within the last couple days that speaks volumes as to what’s coming down the road…there is something that came out in the news…that has not been spoken about at all since 2003. In 2003 the provisional government set up the auction as we know it today for the purpose of giving the government of Iraq as well as it’s economy [the ability] to import goods from the outside. And the way they did that was they had to pay for goods with U.S. Dollars to bring this stuff in. When a merchant paid in US dollars, say $500,000 to import rice or sugar, that guy went to the bank immediately and said I just used $500,000 of my US dollars I want it returned to me… [Post 1 of 3 All of this pertains to Guru BGG's "cataclysmic" post below...]
12-29-2017 Newshound Guru MilitiaMan The CBI openly showing the ATMs in training, tells the world that the new currency is coming and we all know that the CBI is fully ready to activate all MRs.(Moetary Reforms) By having all banks now Globally ready for the IQD per yesterdays articles referencing EO13303 and EO13668 by our or POTUS and the OFAC list by the UST. All timed for the end game, imo
12-29-2017 Newshound Guru BGG This is the #1 piece of information being overlooked right now. When they stop those auctions and they don’t say particularly when they’re going to do it next year. I’d assume it happens fairly early in the new year…right after the first of the year. Something cataclysmic is going to happen. I’d assume they have some sort of a plan for that… [Stay tuned for Guru Mr. White's explanation of what the auctions are, why they're so significant and what had Guru Mr. White so excited...]
12-29-2017 Newshound Guru Kaperoni Article: [Central Bank: float the dinar is difficult to apply in Iraq] We just need to wait and see. I would not be so quick to assume they won't float..because that is the option. They want to end the auctions, the CBI needs revenue, and needs to provide a currency for international transactions. Floating and Article VIII are those solutions. Allaq himself stated he wanted the dinar included in the global basket of currencies in the vital world stock markets.
12-29-2017 Newshound Guru G-Lin Article quote: "Al-Rafidain Bank announced on Wednesday the launch of the ATM service in Iraq through the adoption of the electronic payment card (master card and other payment card) held by the citizen to withdraw his money anywhere." [The only part that concerns me about the new ATMs is that they obviously rolled them out with the large denoms. It doesn't seem like they would do that and then have to switch them over to lower denom models in Q1, but maybe the conversion isn't that difficult...] I don't think they would put L.D.s in the ATMs until after a currency change. It wouldn't do them much good. They also want the peeps to come into the banks to exchange currency I'm sure. I know I'm ready to exchange mine.
12-28-2017 Intel/Newshound Guru Mnt Goat the new rate is NOW at the banks but the banks are now reorganizing and strategizing how to roll out the exchange process but only after the Feds release it to the global currency exchanges and then have to put it on a float (off the de facto peg with the US dollar). We have been told it is then planned to be pegged with an SDR basket of five other currencies each with different weights. This will all come shortly so relax and let’s watch it play out. I have a feeling this is going to be the longest 12 days of Christmas we ever experienced …. lol ….lol ……
12-28-2017 Intel Guru AdminBill IT IS GOING TO HAPPEN SOON…MY EMPHASIS IS ON SOON. KNOCK ON WOOD…I REALLY HAVEN'T GIVEN NEWS BECAUSE WHAT I HAVE CAN'T BE CONFIRMED AS YET. I WOULD ADVISE YOU ALL TO KEEP AN EYE ON THE NEWS AND SIMPLY BE ON A HIGHER ALERT THAN WE NORMALLY ARE…AGAIN, I AM LOOKING AT A WINDOW THAT GOES THROUGH JANUARY BUT MAY BE IN OUR FACE WITH THE BLINK OF AN EYE. BE OPTIMISTIC AND ENCOURAGED BUT GUARDED…
12-28-2017 Newshound Guru Adam Montana ...Today [yesterday], 3 OFAC is making amendments to the Regulations to implement E.O. 13668 (79 FR 31019, May 29, 2014) (E.O. 13668)…support of the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in Iraq, and the development of political, administrative, and economic institutions in Iraq, E.O. 13303, as amended by E.O. 13364...In Abadi's address following today's Parliament session in Iraq, he used these words at one part: Quote " ...(Abadi) added that "the Council also agreed to assign the ministries and provinces concerned to take the necessary executive procedures and according to the framework document of the National Plan for Reconstruction and Development of the provinces affected by terrorist operations and the war.”…Anyone else find it intriguing that these statements come on the same day from major leaders on opposite sides of the planet? Stay tuned! I could continue, but I prefer to let Iraq do that for now. [Post 2 of 2]
12-28-2017 Newshound Guru Mnt Goat ...According to my source in the CBI, the CBI released the new polymer notes these past few days and along with it re-instated the currency. They are doing this via the ATM machines. As I said to everyone this would probably happen first in Iraq and we would not yet see it on FOREX. However, they can’t wait to long for FOREX since exchanging thru the ATM in a foreign country relies on FOREX thru the banks to get the new rate to convert the dinar to whatever currency of that international country. So I still do not believe anyone is using these cards outside of Iraq right now... [Post 2 of 2]
12-28-2017 Newshound Guru Mnt Goat Are the ATMs in Iraq really turned on? Yes…How many times must we hear this stupid rumor but now it is TRUE….Iraq really made their next move and so we wait. We know the ATM machines have been set up to go for a very long time and when they are turned they are designed to launch the new lower denomination notes. Also, they couldn’t turn them on until they launch a new rate to coincide with the newer notes. Also the citizens needed to have money in their bank accounts to use the ATM. This could not be done until the government paid them electronically and forced them to use and trust the banks. So, you can conclude for yourself what must have just happened. It now official and no more stupid rumors... [Post 1 of 2]
12-28-2017 Intel Guru Jester …WE BELIEVE THINGS ARE UNDERWAY AND HAVE A SCHEDULE... WE JUST DO NOT KNOW WHAT THAT SCHEDULE IS...NOW I HEAR THAT [Guru] FRANK HAS CALLED IT... NOW I THINK A LOT OF FRANK... NO ONE BETTER ON IRAQ THAN FRANK... SO THERE MAY BE SOMETHING BREWING THERE…BUT REMEMBER... THERE IS WAY MORE TO IT THAN IRAQ... SO THAT IS NOT THE COMPLETE TALE...BUT IT IS A GOOD INDICATOR... TAKE IT FOR WHAT IT IS WORTH...
12-28-2017 Newshound Guru Adam Montana HOLY MOLY could we actually be making some progress again? I THINK WE MIGHT BE!!! Most of us "old timers" in the investment are well aware of "EO 13303". It's a number that's burned into our brains, and most of us can tell you without looking it up exactly which order and which US President signed it into being that got us involved in anything "Iraq" in the first place... and it looks like we're finally coming "full circle"...This is slated to be posted TOMORROW, 28 DECEMBER… [Post 1 of 2]
12-28-2017 Intel Guru AdminBill IT IS GOING TO HAPPEN SOON…MY EMPHASIS IS ON SOON. KNOCK ON WOOD…I REALLY HAVEN'T GIVEN NEWS BECAUSE WHAT I HAVE CAN'T BE CONFIRMED AS YET. I WOULD ADVISE YOU ALL TO KEEP AN EYE ON THE NEWS AND SIMPLY BE ON A HIGHER ALERT THAN WE NORMALLY ARE…AGAIN, I AM LOOKING AT A WINDOW THAT GOES THROUGH JANUARY BUT MAY BE IN OUR FACE WITH THE BLINK OF AN EYE. BE OPTIMISTIC AND ENCOURAGED BUT GUARDED…
12-28-2017 Newshound Guru Adam Montana ...Today [yesterday], 3 OFAC is making amendments to the Regulations to implement E.O. 13668 (79 FR 31019, May 29, 2014) (E.O. 13668)…support of the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in Iraq, and the development of political, administrative, and economic institutions in Iraq, E.O. 13303, as amended by E.O. 13364...In Abadi's address following today's Parliament session in Iraq, he used these words at one part: Quote " ...(Abadi) added that "the Council also agreed to assign the ministries and provinces concerned to take the necessary executive procedures and according to the framework document of the National Plan for Reconstruction and Development of the provinces affected by terrorist operations and the war.”…Anyone else find it intriguing that these statements come on the same day from major leaders on opposite sides of the planet? Stay tuned! I could continue, but I prefer to let Iraq do that for now. [Post 2 of 2]
12-28-2017 Newshound Guru Mnt Goat ...According to my source in the CBI, the CBI released the new polymer notes these past few days and along with it re-instated the currency. They are doing this via the ATM machines. As I said to everyone this would probably happen first in Iraq and we would not yet see it on FOREX. However, they can’t wait to long for FOREX since exchanging thru the ATM in a foreign country relies on FOREX thru the banks to get the new rate to convert the dinar to whatever currency of that international country. So I still do not believe anyone is using these cards outside of Iraq right now... [Post 2 of 2]
12-28-2017 Newshound Guru Mnt Goat Are the ATMs in Iraq really turned on? Yes…How many times must we hear this stupid rumor but now it is TRUE….Iraq really made their next move and so we wait. We know the ATM machines have been set up to go for a very long time and when they are turned they are designed to launch the new lower denomination notes. Also, they couldn’t turn them on until they launch a new rate to coincide with the newer notes. Also the citizens needed to have money in their bank accounts to use the ATM. This could not be done until the government paid them electronically and forced them to use and trust the banks. So, you can conclude for yourself what must have just happened. It now official and no more stupid rumors... [Post 1 of 2]
12-28-2017 Intel Guru Jester …WE BELIEVE THINGS ARE UNDERWAY AND HAVE A SCHEDULE... WE JUST DO NOT KNOW WHAT THAT SCHEDULE IS...NOW I HEAR THAT [Guru] FRANK HAS CALLED IT... NOW I THINK A LOT OF FRANK... NO ONE BETTER ON IRAQ THAN FRANK... SO THERE MAY BE SOMETHING BREWING THERE…BUT REMEMBER... THERE IS WAY MORE TO IT THAN IRAQ... SO THAT IS NOT THE COMPLETE TALE...BUT IT IS A GOOD INDICATOR... TAKE IT FOR WHAT IT IS WORTH...
12-28-2017 Newshound Guru Adam Montana HOLY MOLY could we actually be making some progress again? I THINK WE MIGHT BE!!! Most of us "old timers" in the investment are well aware of "EO 13303". It's a number that's burned into our brains, and most of us can tell you without looking it up exactly which order and which US President signed it into being that got us involved in anything "Iraq" in the first place... and it looks like we're finally coming "full circle"...This is slated to be posted TOMORROW, 28 DECEMBER… [Post 1 of 2]
12-27-2017 Newshound/Intel Guru Mnt Goat The Financial Ministry wants the RV prior to the beginning of the new financial fiscal year for Iraq. In fact, I am still celebrating and jumping up and down over the news from the last couple weeks, as I believed it will lead to the RV very, very soon…There were multiple articles about this past week on Floating the dinar with the program rate. The CBI told us this simply would not work and explained why. So this was great news to us and showed us something was up. The CBI and the Finance committee knew they had to do something and do it soon. So they made their move and now it’s up to the Feds in the USA to complete the process. But how long will it take, you might ask? Yes – the timing is the big question. Who knows for sure?
12-27-2017 Newshound Guru Chattels Article “foreign currency markets in Baghdad, on Tuesday morning, a decline in the dollar exchange rate against the Iraqi dinar. The price of the market on the Stock Exchange in Baghdad 1248.0 dinars per dollar, or 124 thousand and 800 dinars for one hundred dollars, and the exchange rate yesterday at 1252 dinars to the dollar” 1248 is as strong a dinar vs. the dollar as we have seen in recent memory.
12-27-2017 Newshound Guru tman23 Abadi appears to be doing more of what Tehran would want then what the coalition wants…That being said there are articles showing the US and other coalition members may step in and support Kurdistan even more…The USA has plans to build a large embassy in Erbil…Abadi would tell them no no if he takes more power in the region…Barzani held a referendum and Abadi is punishing them…Kurds may just end up with their own state after all…
12-27-2017 Intel Guru Bruce ...I am excited because I think we are finally where Iraq has finished and completed and nothing else to do. Their lower denominations are already coming out of the ATM machines over there. I know people that are Iraqi citizens have money on their cards that they have actually used already… We are really are just about there. I don’t know the timing, but I do know they want to bring the value of the dinar up a little higher to get to a certain point…Yes, we didn’t get this for Christmas as we all thought...It didn’t happen. I don’t know that if there was anything nefarious about it…If we made it this far, we can make it all the way to the end of the year. I don’t think we will have to wait that long...It looks like we should go by the end of the year…really it is about the timing. They will release this when they feel they have the currencies at the highest level to support whatever they need when we come in for public exchange.
12-27-2017 Intel Guru RayRen98 We understand from Iraqi television that the Kurdistan crisis is about to come to an end… which means it’s probably already resolved. They will continue to talk to each other; I don’t personally feel it’s affecting what we are waiting for. Our people in Iraq are saying the cards are activating, it’s a done deal, and there is no turning back. I think we are sitting well between now and next Monday. The banks say they have the authorizations and assurances – what else do they need? I don’t know, but I’ll just give them room, sit back and wait. I’ll also make sure some other things are in place for this celebrated day that is upon us.
12-27-2017 Newshound Guru G-Lin This says it all to me…”The floating currency is to make the exchange rate of this currency fully liberalized so that the government or central bank does not intervene in determining it directly, but it is automatically released in the currency market through the mechanism of supply and demand, which allows to determine the exchange rate of the national currency against foreign currencies.”…The question we all want to know is WHEN? LOL.. Now that they will not tell us IMO. It will just happen and they will tell the world after the fact. [Post 3 of 3]
12-27-2017 Newshound Guru G-Lin ...They also need to de-dollarize and they are going to deposit employees checks directly into the banks to try and bring in some of their currency. When they say they have a monopoly in dollars and other currency, this says to me that they need an equal or slightly higher rate to pull all of that currency into the banks. This art. also tells me that they will not let the Gov. interfere with their plans. Whenever they decide to do this it will just hit the market. Article quote: ”…unless the reserves are controlled to a level below the adequacy, which did not happen either in Iraq or other oil countries." They are almost bragging about their reserves it sounds like. It is not below adequacy. [Post 2 of 3]
12-27-2017 Newshound Guru G-Lin Article: “The Central Bank of Iraq reserves of foreign currency amounting to 48 billion dollars: Iraq's central bank governor Ali al-Alaq said on Tuesday that the bank's reserves of foreign currency amounted to 48 billion dollars, pointing out that Iraq will not resort to floating the currency.”…No smoke coming from the CBI. And I think that applies to this art. They do not intend to float their currency. They will come out with a fixed rate. At least that is how I interpret this art…They have been cancelling many imports for the last 6 months or so because they have become self sufficient. Products like wheat and corn and many more. Iraq should be able to increase their exports and with a true value currency IMO... [Post 1 of 3]
12-27-2017 Intel Guru Bruce …on Thursday this past week, Iraq started and made a new active rate on their dinar. It was put out so we have an active rate, so call international rate...I don’t know where it needs to go before this is released. I heard a couple of numbers where it needs to go, but based on the current progress we should be ready for the release in a matter of a day or so…I don’t know if we are going immediately in the next day. We got some information that is indicating it should start in a few days and we should have all this complete around January 2nd. By that I mean the Redemption Centers. The Redemption Centers are on high alert. They have been told to be ready at a moment’s notice…The so called Redemption Centers or exchange locations will be operating 24/7 for a period of about a week, maybe a little bit longer depending on when they decide to shut it all down…
12-27-2017 Newshound Guru G-Lin Having Iraq released from the restrictions of Chap. 7 was just HUGE!! And Parl. should be back on the 3rd of Jan. and we might see the added amendments to the budget that the Council of Ministers have been busy with. [See Ch7 Article below: 12-26-2017 Guru American Contractor]
12-27-2017 Newshound Guru Chattels Article “foreign currency markets in Baghdad, on Tuesday morning, a decline in the dollar exchange rate against the Iraqi dinar. The price of the market on the Stock Exchange in Baghdad 1248.0 dinars per dollar, or 124 thousand and 800 dinars for one hundred dollars, and the exchange rate yesterday at 1252 dinars to the dollar” 1248 is as strong a dinar vs. the dollar as we have seen in recent memory.
12-27-2017 Newshound Guru tman23 Abadi appears to be doing more of what Tehran would want then what the coalition wants…That being said there are articles showing the US and other coalition members may step in and support Kurdistan even more…The USA has plans to build a large embassy in Erbil…Abadi would tell them no no if he takes more power in the region…Barzani held a referendum and Abadi is punishing them…Kurds may just end up with their own state after all…
12-27-2017 Intel Guru Bruce ...I am excited because I think we are finally where Iraq has finished and completed and nothing else to do. Their lower denominations are already coming out of the ATM machines over there. I know people that are Iraqi citizens have money on their cards that they have actually used already… We are really are just about there. I don’t know the timing, but I do know they want to bring the value of the dinar up a little higher to get to a certain point…Yes, we didn’t get this for Christmas as we all thought...It didn’t happen. I don’t know that if there was anything nefarious about it…If we made it this far, we can make it all the way to the end of the year. I don’t think we will have to wait that long...It looks like we should go by the end of the year…really it is about the timing. They will release this when they feel they have the currencies at the highest level to support whatever they need when we come in for public exchange.
12-27-2017 Intel Guru RayRen98 We understand from Iraqi television that the Kurdistan crisis is about to come to an end… which means it’s probably already resolved. They will continue to talk to each other; I don’t personally feel it’s affecting what we are waiting for. Our people in Iraq are saying the cards are activating, it’s a done deal, and there is no turning back. I think we are sitting well between now and next Monday. The banks say they have the authorizations and assurances – what else do they need? I don’t know, but I’ll just give them room, sit back and wait. I’ll also make sure some other things are in place for this celebrated day that is upon us.
12-27-2017 Newshound Guru G-Lin This says it all to me…”The floating currency is to make the exchange rate of this currency fully liberalized so that the government or central bank does not intervene in determining it directly, but it is automatically released in the currency market through the mechanism of supply and demand, which allows to determine the exchange rate of the national currency against foreign currencies.”…The question we all want to know is WHEN? LOL.. Now that they will not tell us IMO. It will just happen and they will tell the world after the fact. [Post 3 of 3]
12-27-2017 Newshound Guru G-Lin ...They also need to de-dollarize and they are going to deposit employees checks directly into the banks to try and bring in some of their currency. When they say they have a monopoly in dollars and other currency, this says to me that they need an equal or slightly higher rate to pull all of that currency into the banks. This art. also tells me that they will not let the Gov. interfere with their plans. Whenever they decide to do this it will just hit the market. Article quote: ”…unless the reserves are controlled to a level below the adequacy, which did not happen either in Iraq or other oil countries." They are almost bragging about their reserves it sounds like. It is not below adequacy. [Post 2 of 3]
12-27-2017 Newshound Guru G-Lin Article: “The Central Bank of Iraq reserves of foreign currency amounting to 48 billion dollars: Iraq's central bank governor Ali al-Alaq said on Tuesday that the bank's reserves of foreign currency amounted to 48 billion dollars, pointing out that Iraq will not resort to floating the currency.”…No smoke coming from the CBI. And I think that applies to this art. They do not intend to float their currency. They will come out with a fixed rate. At least that is how I interpret this art…They have been cancelling many imports for the last 6 months or so because they have become self sufficient. Products like wheat and corn and many more. Iraq should be able to increase their exports and with a true value currency IMO... [Post 1 of 3]
12-27-2017 Intel Guru Bruce …on Thursday this past week, Iraq started and made a new active rate on their dinar. It was put out so we have an active rate, so call international rate...I don’t know where it needs to go before this is released. I heard a couple of numbers where it needs to go, but based on the current progress we should be ready for the release in a matter of a day or so…I don’t know if we are going immediately in the next day. We got some information that is indicating it should start in a few days and we should have all this complete around January 2nd. By that I mean the Redemption Centers. The Redemption Centers are on high alert. They have been told to be ready at a moment’s notice…The so called Redemption Centers or exchange locations will be operating 24/7 for a period of about a week, maybe a little bit longer depending on when they decide to shut it all down…
12-27-2017 Newshound Guru G-Lin Having Iraq released from the restrictions of Chap. 7 was just HUGE!! And Parl. should be back on the 3rd of Jan. and we might see the added amendments to the budget that the Council of Ministers have been busy with. [See Ch7 Article below: 12-26-2017 Guru American Contractor]
12-26-2017 Newshound Guru tman23 …Iraqi forces and the Kurdish Peshmerga are in a standoff near the town of Kalar in northern Diyala Province…If we take the news…and… believe a RV is imminent start of 2018…then we have to believe that all this is just media optics and there is no problems between Kurdistan and Baghdad…although President Massum says Abadi is refusing dialogue right now…which I wonder how do you make a monetary change and who internationally supports it when the optics are the place is ready to blow…yet articles of Japan loaning billions for reconstruction… Not making much sense…eg ? Hopefully Jan 2 we see a rate change and much of this is equal to US intelligence reports of a Russian dossier…
12-26-2017 Newshound Guru American Contractor “…From now on, Iraq can manage the legal and technical aspects of its financial resources itself - along with everything relating to deposits and foreign real estate holding…All efforts to freeze Iraqi funds in International banks has ended, which will enhance Iraq’s financial standing and it’s creditworthiness…The decision to lift sanctions coincided with Abadi’s announcement Dec 9 that the fight against the Islamic State was over and security and stability had returned to Iraq.” This is great news. It’s a good article. Now Iraq can reach out to foreign banks and maybe get some foreign banking expertise…Chase Bank or Citi Bank and have them opening up in Iraq…It’s going to cost them 200 Billion dollars to rebuild all of northern Iraq…this is a great thing and hopefully a betterment of Iraq and they’ll get out of this cloud they’re under. They are now the number 1 seller of oil to India. [Post 2 of 2] [See the Dinar video here]
12-26-2017 Newshound Guru American Contractor Article “Iraq once again controls own economy, free of UN sanctions.” According to this article Iraq has free from all UN sanctions. Previously until this article was written Iraq has always been under Ch. 7 sanctions. Quote: “The United Nations Security Council (UNSC) has agreed to lift sanctions imposed on Iraq when the country invited Kuwait 26 years ago. The Iraqi Foreign Minsister said Dec 9 the country had completed it’s obligations under the sanctions…Kuwaiti Oil Minister Essan Al-Marzouq said Dec. 10 that the 10 year deal with Iraq provides for imports of 50 million cubic feet of natural gas a day…later rising to 200 million. The deal appears to have been the key factor that persuaded Kuwait to call for the UN to life the sanctions…Iraqi Parliament member Jassem Mohammad…’Before sanctions were lifted, Iraq was not even able to open foreign bank account in the name of the government…that cost the Iraqi Treasury enormously…” [Post 1 of 2]
12-26-2017 Intel/Newshound Guru Frank26 SO DO I…WITH A PASSION OF CHERISHED INSTINCTS DEEP IN MY DNA. A… TIMING… IS UPON US. THE ARTICLES ARE SCREAMING AT US RIGHT NOW …
12-26-2017 Currency365 [Article] Big news, new ATMs designed with visa logos. The new ATMs are out…these international standard ATMs will be deployed in the safe zones to get started….these are supposed to hold lower notes…[See Video Here]
12-26-2017 Intel Guru TNT Tony Today [Yesterday] Allak introduced the ATMs and the rate is in the ATMs as of today…Whether it’s this week, by January 2, or the 12th, the CBI will be posting their new rate…the rate is $3.37…and I was told today that the bank screen rate was $3.68…There is a plan and we will make the best of it…The rates will not be public until the CBI reopens on January 2 but I just wanted to tell you Merry Christmas with this extra news…
12-26-2017 Newshound Guru American Contractor “…From now on, Iraq can manage the legal and technical aspects of its financial resources itself - along with everything relating to deposits and foreign real estate holding…All efforts to freeze Iraqi funds in International banks has ended, which will enhance Iraq’s financial standing and it’s creditworthiness…The decision to lift sanctions coincided with Abadi’s announcement Dec 9 that the fight against the Islamic State was over and security and stability had returned to Iraq.” This is great news. It’s a good article. Now Iraq can reach out to foreign banks and maybe get some foreign banking expertise…Chase Bank or Citi Bank and have them opening up in Iraq…It’s going to cost them 200 Billion dollars to rebuild all of northern Iraq…this is a great thing and hopefully a betterment of Iraq and they’ll get out of this cloud they’re under. They are now the number 1 seller of oil to India. [Post 2 of 2] [See the Dinar video here]
12-26-2017 Newshound Guru American Contractor Article “Iraq once again controls own economy, free of UN sanctions.” According to this article Iraq has free from all UN sanctions. Previously until this article was written Iraq has always been under Ch. 7 sanctions. Quote: “The United Nations Security Council (UNSC) has agreed to lift sanctions imposed on Iraq when the country invited Kuwait 26 years ago. The Iraqi Foreign Minsister said Dec 9 the country had completed it’s obligations under the sanctions…Kuwaiti Oil Minister Essan Al-Marzouq said Dec. 10 that the 10 year deal with Iraq provides for imports of 50 million cubic feet of natural gas a day…later rising to 200 million. The deal appears to have been the key factor that persuaded Kuwait to call for the UN to life the sanctions…Iraqi Parliament member Jassem Mohammad…’Before sanctions were lifted, Iraq was not even able to open foreign bank account in the name of the government…that cost the Iraqi Treasury enormously…” [Post 1 of 2]
12-26-2017 Intel/Newshound Guru Frank26 SO DO I…WITH A PASSION OF CHERISHED INSTINCTS DEEP IN MY DNA. A… TIMING… IS UPON US. THE ARTICLES ARE SCREAMING AT US RIGHT NOW …
12-26-2017 Currency365 [Article] Big news, new ATMs designed with visa logos. The new ATMs are out…these international standard ATMs will be deployed in the safe zones to get started….these are supposed to hold lower notes…[See Video Here]
12-26-2017 Intel Guru TNT Tony Today [Yesterday] Allak introduced the ATMs and the rate is in the ATMs as of today…Whether it’s this week, by January 2, or the 12th, the CBI will be posting their new rate…the rate is $3.37…and I was told today that the bank screen rate was $3.68…There is a plan and we will make the best of it…The rates will not be public until the CBI reopens on January 2 but I just wanted to tell you Merry Christmas with this extra news…
12-25-2017 *** Dinar Guru News UPDATE *** All month there has been rumblings that the UNSC had removed Iraq from Ch 7...and that Iraq was downgraded to CH 6. The gurus feel this is a big improvement for international relations, trade and investment and a huge step toward dinar acceptance in international banks...This appears to be more an more official as GOI officials and representatives mention the importance of the step to Ch 6 and it's impact. The Dinar Gurus' Master List of Possible To-Dos in the left column of this page has been officially updated to reflect this exciting news! {The Latest Guru Posts will continue below...}
12-25-2017 Intel Guru RayRen98 Al Rasheed Bank announces it will be closed from December 25, 2017, until January 2, 2018, to be able to prepare "and implement" annual budgets. [Hmmmmm, could the banks' annual budget coincide with the countrys' annual budget which could possibly include a new rate????] CBI governor Alaq was interviewed stating that the Dinar would not float and must be a fixed rate.
12-25-2017 Newshound Guru Enorrste The reason for the delay, in my view, is this last item. Unless and until the CBI can get the dinars out from the mattresses they are cautious to begin the float. In short, there are just too many dinars in circulation. However, as they get people to move to banking they can remove the large notes from circulation and begin the float. Therefore, I see this article as positive. It is a report card only but points to a goal (the float) that is imminent. I get to this conclusion because...it specifically is mentioned that Egypt moved to a float, but "too late." This would imply to me that the CBI is not going to be "too late" in moving forward, unlike Egypt. [post 2 of 2]
12-25-2017 Newshound Guru Enorrste Article: "Central Bank: float the dinar is difficult to apply in Iraq" Alaq is giving a progress report on the plans to open the currency to a float. They have taken "a package of measures" to bring them to the point where a float will work. ...Then he goes on to state that they are making efforts to achieve "financial inclusion" which I take to mean international acceptance of the dinar, now that the security and financial stability have been dealt with. Finally, he concludes by stating that paying federal employees through bank deposits is working to get people to use the banks. [post 1 of 2....stay tuned]
12-25-2017 Newshound Guru Enorrste The reason for the delay, in my view, is this last item. Unless and until the CBI can get the dinars out from the mattresses they are cautious to begin the float. In short, there are just too many dinars in circulation. However, as they get people to move to banking they can remove the large notes from circulation and begin the float. Therefore, I see this article as positive. It is a report card only but points to a goal (the float) that is imminent. I get to this conclusion because...it specifically is mentioned that Egypt moved to a float, but "too late." This would imply to me that the CBI is not going to be "too late" in moving forward, unlike Egypt. [post 2 of 2]
12-25-2017 Newshound Guru Enorrste Article: "Central Bank: float the dinar is difficult to apply in Iraq" Alaq is giving a progress report on the plans to open the currency to a float. They have taken "a package of measures" to bring them to the point where a float will work. ...Then he goes on to state that they are making efforts to achieve "financial inclusion" which I take to mean international acceptance of the dinar, now that the security and financial stability have been dealt with. Finally, he concludes by stating that paying federal employees through bank deposits is working to get people to use the banks. [post 1 of 2....stay tuned]
12-24-2017 Newshound Guru Kaperoni Article: "Central Bank: float the dinar is difficult to apply in Iraq" ...it seems like at this time they are more focused on opening accounts and withdrawing the dinar from the market then floating. Which may mean currency reform comes before any attempt to float. I also want to point out he is stating it is "difficult," nothing more.
12-24-2017 Intel Guru RayRen98 It has been reported to me that... 1. PM Abadi gave a speech in the Mosque informing the citizens that he has relinquished control of the economic reforms regarding the currency to the CBI. 2. Citizens cards are starting to show a new rate...slowly, but surely. Since the markets are closed until December 26, all focus and attention rests on that date for the earliest indication of the RV, but it could be a few days past that. Either way, your 2018 should begin with a big bang and lots of memories to share with future generations. Time Will Still Tell All!
12-24-2017 Newshound/Intel Guru Mnt Goat Article quote: "The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Wednesday, that the exit of Iraq from the seventh item (UN Chapter VII) will provide an environment conducive to foreign investment." ...this statement concludes any questions of whether or not Iraq is “fully’ out of Chapter VII. Iraq is now under Chapter 6 of the UN Charter. Being down graded to Chapter 6 is very good news...So Iraq now operating under Chapter 6 just rejoined the club or normalcy. Quote: "Saleh said in a statement to “Economy News” that “THE CLIMATE OF INVESTMENT AND CREDIT RATING FOR IRAQ WILL RISE because many of the funds frozen by the United Nations of the oil-for-food programs and inspection teams and others will return their money to the state treasury.” [Ch.7 updated in the "Official Master List Of Possible To-Dos" in the Dinar Guru Resource Bar in the left column of this page.]
12-24-2017 Intel Guru RayRen98 It has been reported to me that... 1. PM Abadi gave a speech in the Mosque informing the citizens that he has relinquished control of the economic reforms regarding the currency to the CBI. 2. Citizens cards are starting to show a new rate...slowly, but surely. Since the markets are closed until December 26, all focus and attention rests on that date for the earliest indication of the RV, but it could be a few days past that. Either way, your 2018 should begin with a big bang and lots of memories to share with future generations. Time Will Still Tell All!
12-24-2017 Newshound/Intel Guru Mnt Goat Article quote: "The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Wednesday, that the exit of Iraq from the seventh item (UN Chapter VII) will provide an environment conducive to foreign investment." ...this statement concludes any questions of whether or not Iraq is “fully’ out of Chapter VII. Iraq is now under Chapter 6 of the UN Charter. Being down graded to Chapter 6 is very good news...So Iraq now operating under Chapter 6 just rejoined the club or normalcy. Quote: "Saleh said in a statement to “Economy News” that “THE CLIMATE OF INVESTMENT AND CREDIT RATING FOR IRAQ WILL RISE because many of the funds frozen by the United Nations of the oil-for-food programs and inspection teams and others will return their money to the state treasury.” [Ch.7 updated in the "Official Master List Of Possible To-Dos" in the Dinar Guru Resource Bar in the left column of this page.]
12-23-2017 Newshound Guru MilitiaMan Article quote: "The General Secretariat of the Council of Ministers announced the disruption of the official time in the departments, ministries and government institutions for Sunday and Monday on the occasion of the birth of Christ." This is now putting us on a level playing field (think banking) and sets the stage for the Final 2 Articles. The timing of it allows them to Align tonight into Sunday..
12-23-2017 Intel Guru Frank26 RIGHT NOW ABADI IS A...METRONOME. HE KNOWS HOW MANY BEAT ARE NEEDED FOR A PERFECT RATE ... IMO. HE HAS BECOME A MASTER OF...TIME. Impeccable timing. Article: "Trump signs a tax reduction law" Article: "Including the Arab .. Know the highest value currencies in the world for 2018" THE TIMING OF TWO...ONLY TWO THINGS WE WAIT FOR. THIS IS NOT EITHER OF THEM BUT I ASK TWO QUESTIONS: 1.) WHY SHOW THIS DATA NOW? 2.) WHY IS ONLY IRAQ MISSING FROM THESE RANKS? BECAUSE IT'S ABOUT TIME? NO...BECAUSE IT'S ABOUT...TIMING. Article: "Oil climbs before the Christmas holiday" ...OIL PRICES AT 60+ IN JANUARY OF 2018...TIMING.
12-23-2017 Intel Guru RayRen98 [...are there any nuances or clues you can share about timing...like why you have been thinking this will go before 2017 ends...and what might be factors in delays?] I think that because that’s what people are telling me from Iraq, in the US, information in the news… Everything points that way, with Iraq wanting to get things wrapped up before the end of the year. The CBI Governor has given instructions to get debts settled before the end of the month, and banks are talking about rate changes in the next day or so.
12-23-2017 Intel Guru ADMINBILL ...HANG ONTO YOUR HATS...THE NEXT 30 DAYS IS GOING TO BE A WILD RIDE.
12-23-2017 Newshound/Intel Guru Mnt Goat No one and I mean no one, has the business of saying that this Sept 25th referendum was “just a hick-up” or does not matter. Doesn’t everyone see the significance that this event - the beginning of the end of the Kurdistan “Regional” Government? We will never really know for sure if Barzani was in on the plot to “blend” and “homogenize” the KRG into the rest of the Republic of Iraq. This is the plan. The Iraqi constitution calls for it. The entire Iraqi constitution is soley based on one (1) central government (not “centralized” but central govt). Folks – you have to keep asking why these events happen. Does this hold up the RV? Maybe and maybe this is the event they are waiting for? Folks – I have been in the intelligence arena for many years of my life career and I gotta tell you this is like a well-rehearsed play that is playing out. It may seem coincidental to you unknowing of the plot of the events now unfolding as a result, but they are all planned out only they gotta play out. The ball is now rolling…
12-23-2017 Intel Guru Frank26 RIGHT NOW ABADI IS A...METRONOME. HE KNOWS HOW MANY BEAT ARE NEEDED FOR A PERFECT RATE ... IMO. HE HAS BECOME A MASTER OF...TIME. Impeccable timing. Article: "Trump signs a tax reduction law" Article: "Including the Arab .. Know the highest value currencies in the world for 2018" THE TIMING OF TWO...ONLY TWO THINGS WE WAIT FOR. THIS IS NOT EITHER OF THEM BUT I ASK TWO QUESTIONS: 1.) WHY SHOW THIS DATA NOW? 2.) WHY IS ONLY IRAQ MISSING FROM THESE RANKS? BECAUSE IT'S ABOUT TIME? NO...BECAUSE IT'S ABOUT...TIMING. Article: "Oil climbs before the Christmas holiday" ...OIL PRICES AT 60+ IN JANUARY OF 2018...TIMING.
12-23-2017 Intel Guru RayRen98 [...are there any nuances or clues you can share about timing...like why you have been thinking this will go before 2017 ends...and what might be factors in delays?] I think that because that’s what people are telling me from Iraq, in the US, information in the news… Everything points that way, with Iraq wanting to get things wrapped up before the end of the year. The CBI Governor has given instructions to get debts settled before the end of the month, and banks are talking about rate changes in the next day or so.
12-23-2017 Intel Guru ADMINBILL ...HANG ONTO YOUR HATS...THE NEXT 30 DAYS IS GOING TO BE A WILD RIDE.
12-23-2017 Newshound/Intel Guru Mnt Goat No one and I mean no one, has the business of saying that this Sept 25th referendum was “just a hick-up” or does not matter. Doesn’t everyone see the significance that this event - the beginning of the end of the Kurdistan “Regional” Government? We will never really know for sure if Barzani was in on the plot to “blend” and “homogenize” the KRG into the rest of the Republic of Iraq. This is the plan. The Iraqi constitution calls for it. The entire Iraqi constitution is soley based on one (1) central government (not “centralized” but central govt). Folks – you have to keep asking why these events happen. Does this hold up the RV? Maybe and maybe this is the event they are waiting for? Folks – I have been in the intelligence arena for many years of my life career and I gotta tell you this is like a well-rehearsed play that is playing out. It may seem coincidental to you unknowing of the plot of the events now unfolding as a result, but they are all planned out only they gotta play out. The ball is now rolling…
12-22-2017 Intel Guru RayRen98 Some predicted that when the tax bill was signed, the RV would happen and we would see it on Friday. The tax bill was supposed to be signed in January, but lo and behold it was signed today – so that might come true. We have half of Friday still to come. Others predicted that the rates would go live on Friday because they are seen on the screens, so we’ll see. What rates reported on the screen? Dinar = $3.40-50, dong = 47 cents... Everything looks great and I’m super-excited. If you don’t go before Christmas, you should be going after Christmas – either way, this should be your last broke Christmas. That’s as much as I can tell you without telling you…
12-22-2017 Newshound Guru Kaperoni [So, the spread is about 7% and the reserves are down about 50% since Alaq took over.] I don't buy into it that Alaq is corrupt. With the IMF and UST having people there working with the CBI to reduce the spread, it would be stupid for him to participate in some sort of illegal activities. Has he not done the things he said he would? Did he not follow the IMF SBA? Has he not launched the e-banking in Iraq? He has signed agreements with IFC and several other countries to perpetuate investor activities. He has held several events over the last few years regarding the banking sector and reforms apparently to unite the government, economists and the CBI's policies. The only thing that we can question is the daily auctions and a spread remaining around 1252 to $1 (6 to 7 %). But with the IMF and UST there, if it was a matter of expertise to reduce it, you would think they would have done so.
12-22-2017 Newshound Guru Enorrste In particular, and probably when he realized that this was way bigger than he could handle himself, he signed an agreement with the IMF to allow them to help him through this mess. For that I believe he (or Abadi and he) deserve great credit. Had the IMF not stepped in I would suspect that the corruption would have exacerbated, the drain on the budget would have deteriorated, and the reserves would have fallen even faster than they have. In any case, I personally see light at the end of the tunnel. Keywords met with a delegation of the World Bank and outlined a roadmap to economic growth. That's a first, I believe, and he should be credited for seeking out support wherever he can to keep the ball in the air. [post 2 of 2]
12-22-2017 Newshound Guru Enorrste There are very good reasons why the reserves have fallen since Keywords took his position, primary among them the low cost of oil and the rise of ISIS. These put an enormous squeeze on the budget of Iraq with $15 billion deficits per year, or more (I don't recall the specifics). The cost of fighting ISIS has never been produced from the Iraqi point of view but if it is anything like our efforts in Iraq or Afganistan one can only imagine the drain on resources. Neither of these factors were within Keyword's control. He inherited a hemorraging situation and has done the best possible to keep it from total collapse. [post 1 of 2....stay tuned]
12-22-2017 Intel Guru Bruce We thought we would have had this by today...but I am encouraged with the information I got today [Thursday]... Iraq is basically compete...They have done everything they need to get done. We have heard they would have a live rate they could trade with last night by people who do that for a living. It was not there last night [Wednesday]. This is interesting. We do have the impression tonight however; it could be a very different scenario where not only the Dinar but also the Dong would be available to be traded as actual currencies not futures. We will see if that is the case. I have every reason to believe we still can exchange thru the holidays. Maybe not on Christmas Day, which is Monday, but I think a real possibility we could have this before Christmas. I got Intel that sort of is leaning that way. It is not definite. I am not calling it, but I would stay positive the possibility of this going any day now... I do believe the information we are getting is pointing to the immediacy of this going thru.
12-22-2017 Intel Guru RayRen98 Various good sources have shared the following with me...
1. Iraq's Finance Minister wants all departments and banks to have all of their financial transactions completed no later than Saturday, December 23. [Could it be so that all debts are cleared so a new rate can emerge? Hmmmm]
2. Some US banks have received memos indicating a rate change ... supposedly on Friday with exchange activity for sometime next week ... Time Will Tell !!
3. Some US banks are expecting to be in "Standby Mode" starting sometime next week. [Maybe they are anticipating something?]
4. The CBI has officially become a separate entity from the Government of Iraq. It was voted earlier last week and signed into law today.
12-22-2017 Newshound Guru Kaperoni [So, the spread is about 7% and the reserves are down about 50% since Alaq took over.] I don't buy into it that Alaq is corrupt. With the IMF and UST having people there working with the CBI to reduce the spread, it would be stupid for him to participate in some sort of illegal activities. Has he not done the things he said he would? Did he not follow the IMF SBA? Has he not launched the e-banking in Iraq? He has signed agreements with IFC and several other countries to perpetuate investor activities. He has held several events over the last few years regarding the banking sector and reforms apparently to unite the government, economists and the CBI's policies. The only thing that we can question is the daily auctions and a spread remaining around 1252 to $1 (6 to 7 %). But with the IMF and UST there, if it was a matter of expertise to reduce it, you would think they would have done so.
12-22-2017 Newshound Guru Enorrste In particular, and probably when he realized that this was way bigger than he could handle himself, he signed an agreement with the IMF to allow them to help him through this mess. For that I believe he (or Abadi and he) deserve great credit. Had the IMF not stepped in I would suspect that the corruption would have exacerbated, the drain on the budget would have deteriorated, and the reserves would have fallen even faster than they have. In any case, I personally see light at the end of the tunnel. Keywords met with a delegation of the World Bank and outlined a roadmap to economic growth. That's a first, I believe, and he should be credited for seeking out support wherever he can to keep the ball in the air. [post 2 of 2]
12-22-2017 Newshound Guru Enorrste There are very good reasons why the reserves have fallen since Keywords took his position, primary among them the low cost of oil and the rise of ISIS. These put an enormous squeeze on the budget of Iraq with $15 billion deficits per year, or more (I don't recall the specifics). The cost of fighting ISIS has never been produced from the Iraqi point of view but if it is anything like our efforts in Iraq or Afganistan one can only imagine the drain on resources. Neither of these factors were within Keyword's control. He inherited a hemorraging situation and has done the best possible to keep it from total collapse. [post 1 of 2....stay tuned]
12-22-2017 Intel Guru Bruce We thought we would have had this by today...but I am encouraged with the information I got today [Thursday]... Iraq is basically compete...They have done everything they need to get done. We have heard they would have a live rate they could trade with last night by people who do that for a living. It was not there last night [Wednesday]. This is interesting. We do have the impression tonight however; it could be a very different scenario where not only the Dinar but also the Dong would be available to be traded as actual currencies not futures. We will see if that is the case. I have every reason to believe we still can exchange thru the holidays. Maybe not on Christmas Day, which is Monday, but I think a real possibility we could have this before Christmas. I got Intel that sort of is leaning that way. It is not definite. I am not calling it, but I would stay positive the possibility of this going any day now... I do believe the information we are getting is pointing to the immediacy of this going thru.
12-22-2017 Intel Guru RayRen98 Various good sources have shared the following with me...
1. Iraq's Finance Minister wants all departments and banks to have all of their financial transactions completed no later than Saturday, December 23. [Could it be so that all debts are cleared so a new rate can emerge? Hmmmm]
2. Some US banks have received memos indicating a rate change ... supposedly on Friday with exchange activity for sometime next week ... Time Will Tell !!
3. Some US banks are expecting to be in "Standby Mode" starting sometime next week. [Maybe they are anticipating something?]
4. The CBI has officially become a separate entity from the Government of Iraq. It was voted earlier last week and signed into law today.
12-21-2017 Newshound Guru Kaperoni Article: "Keywords looking with the World Bank operational procedures to facilitate the investment process" Quote: "Iraq is moving in the direction of opening the door to foreign investors, and give them high degrees of credibility. For his part, the World Bank team stressed the need to develop new instruments for the investor, and show flexibility by the Iraqi government, and facilitate the process of preparing investment papers for those wishing." Time to get the show on the road...currency reform should be right on top of the list...we all know its has to be done.
12-21-2017 Intel Guru RayRen98 [It seems like everyday, or at least several times a week, we see reports of countries or international agencies giving significant monies or loans to Iraq...do we need the various entities to stop with the giving and lending...it seems as long as Iraq continues receiving the monies, they have no desire or need to revalue their currency.] I do believe they desire and need to revalue their currency. In certain situations, I believe that they have revalued their currency. We’re just waiting for something we can participate in. It’s a waiting game.
12-21-2017 Newshound/Intel Guru Mnt Goat So where do we now stand? Many say that we will get the RV prior to Christmas. Really? I have to tell you I do not see a bit of real SOLID proof or evidence of this becoming a reality until sometime in 2018. I used to feel that very EARLY 2018 could be a good timeframe however, I have to decline any further analysis at this time since I am not seeing certain indicators we have been looking for such as kicking off the program to re-educate the citizens and Article 140 (HCL). Also I am being told that their must be a legal law passed in parliament to meet the referendum requirement of Article 140, as stated in the constitution, to “fully” fulfill this mandated requirement. So I doubt it may even be EARLY 2018 since in 2011, 2013 and 2015 the CBI took at least a few months to educate the citizens on the process of deleting the 3 zeros.
12-21-2017 Newshound/Intel Guru BGG Article: "Anti-Government protest continue for third day in some Kurdish cities" These unfolding events are BIG NEWS... Barzani’s “Old Guard” regime is on the verge of collapse. Abadi has been plain in his efforts to protect and help ALL the people of Iraq.
12-21-2017 Newshound Guru Kaperoni Article: "A new term Atdoual Iraqi banks and earns "millions" during hours without paying one penny" Quote: "the daily speculation carried out by traders across the volatile instruments affect the stability of the currency rate and the size of the cash reserves of foreign currency because the bank will cover the needs of Iraq Foreign trade, but these speculators use these reserves for the purpose of profit." So they either reduce the spread to 2% or less as required by the IMF or start the currency reform and float the currency so they can eliminate the dollar auctions.
12-21-2017 Intel Guru Dr. Clarke LISTEN CLOSELY! There’s MUCH MORE WINNING TO COME! “RATE gods PARTY” We Approached the throne of the “RATE gods” and besieged them One Last Time, to divulge exactly what rates are going to do. They rolled their eyes at us, pointed up to the Sun, and said, “Look to the Heavens, and you’ll know what to do”. We said, “That doesn’t help us much right now, because we still don’t know anything”. They said, “Exactly. But you Will. This is just a START.”
12-21-2017 Newshound Guru mike Iraq still hasn't grasped the basic concepts of an open market economy, at every turn they try to control and manipulate the investment environment and fail at every attempt. We need the GOI to empower the open market economy through legislation and quit trying to control every aspect because they think they know better. They don't. ...How many times is the GOI going to try and "fix" the Iraqi economy before they figure out they can't? Enforce the tariff's and empower the local manufacturers and farmers and the markets will settle themselves out based on supply and demand. Anything less is futile. Only then will demand for Iraqi products and services allow the dinar to float via the Balasaa-Samuelson effect. IMO.
12-21-2017 Intel Guru RayRen98 [It seems like everyday, or at least several times a week, we see reports of countries or international agencies giving significant monies or loans to Iraq...do we need the various entities to stop with the giving and lending...it seems as long as Iraq continues receiving the monies, they have no desire or need to revalue their currency.] I do believe they desire and need to revalue their currency. In certain situations, I believe that they have revalued their currency. We’re just waiting for something we can participate in. It’s a waiting game.
12-21-2017 Newshound/Intel Guru Mnt Goat So where do we now stand? Many say that we will get the RV prior to Christmas. Really? I have to tell you I do not see a bit of real SOLID proof or evidence of this becoming a reality until sometime in 2018. I used to feel that very EARLY 2018 could be a good timeframe however, I have to decline any further analysis at this time since I am not seeing certain indicators we have been looking for such as kicking off the program to re-educate the citizens and Article 140 (HCL). Also I am being told that their must be a legal law passed in parliament to meet the referendum requirement of Article 140, as stated in the constitution, to “fully” fulfill this mandated requirement. So I doubt it may even be EARLY 2018 since in 2011, 2013 and 2015 the CBI took at least a few months to educate the citizens on the process of deleting the 3 zeros.
12-21-2017 Newshound/Intel Guru BGG Article: "Anti-Government protest continue for third day in some Kurdish cities" These unfolding events are BIG NEWS... Barzani’s “Old Guard” regime is on the verge of collapse. Abadi has been plain in his efforts to protect and help ALL the people of Iraq.
12-21-2017 Newshound Guru Kaperoni Article: "A new term Atdoual Iraqi banks and earns "millions" during hours without paying one penny" Quote: "the daily speculation carried out by traders across the volatile instruments affect the stability of the currency rate and the size of the cash reserves of foreign currency because the bank will cover the needs of Iraq Foreign trade, but these speculators use these reserves for the purpose of profit." So they either reduce the spread to 2% or less as required by the IMF or start the currency reform and float the currency so they can eliminate the dollar auctions.
12-21-2017 Intel Guru Dr. Clarke LISTEN CLOSELY! There’s MUCH MORE WINNING TO COME! “RATE gods PARTY” We Approached the throne of the “RATE gods” and besieged them One Last Time, to divulge exactly what rates are going to do. They rolled their eyes at us, pointed up to the Sun, and said, “Look to the Heavens, and you’ll know what to do”. We said, “That doesn’t help us much right now, because we still don’t know anything”. They said, “Exactly. But you Will. This is just a START.”
12-21-2017 Newshound Guru mike Iraq still hasn't grasped the basic concepts of an open market economy, at every turn they try to control and manipulate the investment environment and fail at every attempt. We need the GOI to empower the open market economy through legislation and quit trying to control every aspect because they think they know better. They don't. ...How many times is the GOI going to try and "fix" the Iraqi economy before they figure out they can't? Enforce the tariff's and empower the local manufacturers and farmers and the markets will settle themselves out based on supply and demand. Anything less is futile. Only then will demand for Iraqi products and services allow the dinar to float via the Balasaa-Samuelson effect. IMO.
12-20-2017 Intel Guru RayRen98 We know about issues with the Kurds, the infighting and corruption there; how much is that affecting the RV? I don’t know. I’m sure it’s probably having some effect, but it hasn’t stopped it. This game is definitely ON and real, although maybe not where we can take advantage of it yet. ...I continue to receive information that a rate change is evident. It IS coming; I just can’t tell you when.
12-20-2017 Intel Guru Frank26 ON THE 7TH OF SEPTEMBER I SHOUTED ...IT'S MY BIRTHDAY...(wink)...NICE PRESENT TODAY. "A WEALTH TRANSFER OVER 2000 YEARS AGO WAS BROUGHT VIA THREE WISE MEN...SOON WE WILL HAVE ONE VIA THREE ZEROS." IMO...YOU DO NOT KNOW IT YET BUT BESIDES THE TAX CODE PASSING...TODAY...IS AN EXTRAORDINARY DAY...(wink) ...HAPPY BIRTHDAY...SWEET ALOHA.
12-20-2017 Intel Guru Dr. Clarke OPINION: “Houston...we have LIFT OFF!” ...WHAT YOU’VE BEEN WAITING FOR, Soooooooo Loooooooong – is about to become “PUBLIC & OFFICIAL”. You’ll soon “SEE”, what we “SEE”, and know “The Rest of the Story”. SANTA IS & HAS been, making his List for a Long Time, and Checking it Twice...to “SEE” who’s been Naughty & Nice. He KNOWS Who’s Who (in Dinarland). SANTA “SEES” ALL. (Sometimes he likes a little “Naughty”...“Nice Naughty, that is”.) Make NO MISTAKE! This will happen “VERY SUDDENLY”...BY NOW, you should have “ALL YOUR AFFAIRS IN ORDER”. ...AND Yes, all you Vietnam Ding Donger’s... “Get All Your Affairs in Order!” What were those DATES again, that we Love so much?: DECEMBER 23, 2017 – JANUARY 1, 2018.
12-20-2017 Intel Guru Bruce Let’s talk about Iraq. What they had to do was they had to get everything set with World Bank because there is a loan coming to Iraq from World Bank. They were granted the loan from the World Bank and they sufficiently met the requirements the World Bank had for Iraq. We know this will allow the lower denominations finally be put out. That is their new currency these lower denominations. They line up with the ones we have. The other thing Iraq is doing is they are currently for at least a day, because they stopped trading over the weekend, and they resumed trading the dinar as a future meaning as a future currency that is really there now. They started trading those again last night [Monday] and continued to 3am to 4am in the morning then it was shut off. I believe it was resumed again for tonight [Tuesday]. During that time we know the value of those futures have gone up more than double almost 3 times since they were cut off this morning at 3:00 to 3:30am. There is a lot of movement of these futures moving the value of the dinar to its true rate which could come out any day now.
12-20-2017 Newshound Guru mike Article: "Identify obstacles to sustainable development and demand overcome them" Quote: "This conference aims to intensify and coordinate efforts between the Iraqi private sector on the one hand, and between the decision - makers in the House of Representatives and the executive representative of the government of the other side and the support and sponsorship of the International Project Center" I like this guy and he seems to be headed in the right direction, let's hope the GOI is listening and picks one task and fully accomplishes it and moves on to the next one. ...Revamp the investment law. Provide guarantee's on bank deposits. Move the dinar into Article VIII. Empower the open market economy. Before you know it, the west is investing in Iraq instead of handouts.
12-20-2017 Intel Guru Frank26 ON THE 7TH OF SEPTEMBER I SHOUTED ...IT'S MY BIRTHDAY...(wink)...NICE PRESENT TODAY. "A WEALTH TRANSFER OVER 2000 YEARS AGO WAS BROUGHT VIA THREE WISE MEN...SOON WE WILL HAVE ONE VIA THREE ZEROS." IMO...YOU DO NOT KNOW IT YET BUT BESIDES THE TAX CODE PASSING...TODAY...IS AN EXTRAORDINARY DAY...(wink) ...HAPPY BIRTHDAY...SWEET ALOHA.
12-20-2017 Intel Guru Dr. Clarke OPINION: “Houston...we have LIFT OFF!” ...WHAT YOU’VE BEEN WAITING FOR, Soooooooo Loooooooong – is about to become “PUBLIC & OFFICIAL”. You’ll soon “SEE”, what we “SEE”, and know “The Rest of the Story”. SANTA IS & HAS been, making his List for a Long Time, and Checking it Twice...to “SEE” who’s been Naughty & Nice. He KNOWS Who’s Who (in Dinarland). SANTA “SEES” ALL. (Sometimes he likes a little “Naughty”...“Nice Naughty, that is”.) Make NO MISTAKE! This will happen “VERY SUDDENLY”...BY NOW, you should have “ALL YOUR AFFAIRS IN ORDER”. ...AND Yes, all you Vietnam Ding Donger’s... “Get All Your Affairs in Order!” What were those DATES again, that we Love so much?: DECEMBER 23, 2017 – JANUARY 1, 2018.
12-20-2017 Intel Guru Bruce Let’s talk about Iraq. What they had to do was they had to get everything set with World Bank because there is a loan coming to Iraq from World Bank. They were granted the loan from the World Bank and they sufficiently met the requirements the World Bank had for Iraq. We know this will allow the lower denominations finally be put out. That is their new currency these lower denominations. They line up with the ones we have. The other thing Iraq is doing is they are currently for at least a day, because they stopped trading over the weekend, and they resumed trading the dinar as a future meaning as a future currency that is really there now. They started trading those again last night [Monday] and continued to 3am to 4am in the morning then it was shut off. I believe it was resumed again for tonight [Tuesday]. During that time we know the value of those futures have gone up more than double almost 3 times since they were cut off this morning at 3:00 to 3:30am. There is a lot of movement of these futures moving the value of the dinar to its true rate which could come out any day now.
12-20-2017 Newshound Guru mike Article: "Identify obstacles to sustainable development and demand overcome them" Quote: "This conference aims to intensify and coordinate efforts between the Iraqi private sector on the one hand, and between the decision - makers in the House of Representatives and the executive representative of the government of the other side and the support and sponsorship of the International Project Center" I like this guy and he seems to be headed in the right direction, let's hope the GOI is listening and picks one task and fully accomplishes it and moves on to the next one. ...Revamp the investment law. Provide guarantee's on bank deposits. Move the dinar into Article VIII. Empower the open market economy. Before you know it, the west is investing in Iraq instead of handouts.
12-19-2017 Intel Guru Footforward Exciting time that we are looking at. Like many I'm expecting the RV to happen shortly. We're not waiting on tax reform in the United States, but that is what i'm looking at in a sense of a trigger...a sign. When that happens I'll be expecting something any day...IMO.
12-19-2017 Newshound/Intel Guru Mnt Goat ...the CBI’s next move is to set the program rate to 1000 : 1 (dinars to US dollars) in early January. But this is not the kind of huge change we are waiting for. We need the 1:1. But this change in January will be a sign for us that the 1:1 is coming soon.
12-19-2017 Newshound Guru Stryker Breaking News: Parliamentary finance raises the draft budget to the Presidency and we are waiting to set a date for approval...Ever Closer To The Finishline.
12-19-2017 Newshound Guru Kaperoni Article: "External: one file and out of Iraq from the provisions of Chapter VII" Whether its UN Chapter VI or VII, it's pretty clear that the UN has some control over Iraq until the final balance to Kuwait is paid in full. The good news is that they agreed to start paying again in 2018.
12-19-2017 Intel Guru RayRen98 As far as over in Iraq, it's been very quiet other than the little bit of information that has come out. . . Clearly other information is still being suppressed for whatever reason. It’s a timing thing. I don’t have any information that says to me, not until 2018. ...we have a few days into this week to see if it may materialize before this week is over.
12-19-2017 Newshound/Intel Guru Mnt Goat ...the CBI’s next move is to set the program rate to 1000 : 1 (dinars to US dollars) in early January. But this is not the kind of huge change we are waiting for. We need the 1:1. But this change in January will be a sign for us that the 1:1 is coming soon.
12-19-2017 Newshound Guru Stryker Breaking News: Parliamentary finance raises the draft budget to the Presidency and we are waiting to set a date for approval...Ever Closer To The Finishline.
12-19-2017 Newshound Guru Kaperoni Article: "External: one file and out of Iraq from the provisions of Chapter VII" Whether its UN Chapter VI or VII, it's pretty clear that the UN has some control over Iraq until the final balance to Kuwait is paid in full. The good news is that they agreed to start paying again in 2018.
12-19-2017 Intel Guru RayRen98 As far as over in Iraq, it's been very quiet other than the little bit of information that has come out. . . Clearly other information is still being suppressed for whatever reason. It’s a timing thing. I don’t have any information that says to me, not until 2018. ...we have a few days into this week to see if it may materialize before this week is over.
12-18-2017 Newshound Guru mike Article: "External: one file and out of Iraq from the provisions of Chapter VII" I remember in 2013 Iraq was "removed from Chapter VII" The articles we've been reading related to Chapter VII was focused on the remaining funds in the oil for food program, they're still on the hook for the $4.7 billion they owe the Kuwati's. ...they're not going to just forgo the money they're rightfully owed with promises of economic opportunities. The Iraqi's need the Kuwaiti's, it's not the other way around. The last paragraph was the best part of the article: "complete liberation of isolation means opens the door of development and investment without the need for an international mediator on all levels, and the decomposition of the restrictions on goods entering international supervision to Iraq." Come on Abadi, you can do this.
12-18-2017 Intel Guru RayRen98 We've had a ball of confusion this weekend. ...where are we exactly in the grand scheme of things? The wheels are so ever slowly turning. But, it's almost impossible to pinpoint an exact time frame. So we have to play it out as we wait it out. ...there also was the announcements of salaries being paid today...And some were of the expectation that these could of or should have been at the new rate. That remains to be seen. ...there was an article that came out about ...the deficit being cut over there from 27 Trillion down to 13 trillion. And that made some eyebrows come up of the thought process...could this be the elusive RV raising it's head? That remains to be seen as well. We did have some banking folks highly expectant of things happening over the weekend and of course they have moved that excitement into the first part of the week, still excited that something is about to happen. And that is where we are right now... Waiting for more information that pinpoints where we are in the grand scheme of things...or even a full scale release. That remains to be seen.
12-18-2017 Newshound/Intel Guru Mnt Goat ...no one and I mean no one, has enough information or evidence to justify proof of saying that the RV will happen prior to Christmas. I want everyone to...remember that the reason we have had so many past Christmases come and go with news of the process to delete the zeros (thus RV) is that it was in fact planned RVs for the following timeframes in January 2011, 2013, 2016 and told about an EARLY 2017. ...at these times we had evidence from the CBI...This all is factual information told to us in retrospect by Dr Shabibi himself in the years following these timeframes. ...no one had any idea we would be disappointed again as they told us later it was postponed. If we get some good news of going forward once again now that we are nearing the end of 2017 with the “project to delete the zeros” and the re-education articles in the next 15 days there may still be hope for EARLY January 2018. Then and only then we should get excited.
12-18-2017 Newshound Guru mike Article: "World Bank: ready for the advancement of the Iraqi economy" Great article, but we have over 60 pages of articles where the World Bank has showed support for the advancement of the Iraqi economy and the dinar. These guys helped orchestrate the new dinar and move it from 3000-$1 to where it is today and a score of other things to move this country forward economically for the past 12 years. What's missing is political will. As an investor, I want more than speeches from the WB/IMF, Abadi and Iraq's leadership. I want a passed 2018 budget before 2018. I want a capped, 100% deposit insurance. I want the dinar in Article VIII. I want foreign investment to have the ability to own property in Iraq without having to have an Iraqi partner. I want government protections on the money I invest in Iraq. So far, we don't have this stuff...Pass the laws and show the world Iraq is ready for investment rather than telling me.
12-18-2017 Intel Guru RayRen98 We've had a ball of confusion this weekend. ...where are we exactly in the grand scheme of things? The wheels are so ever slowly turning. But, it's almost impossible to pinpoint an exact time frame. So we have to play it out as we wait it out. ...there also was the announcements of salaries being paid today...And some were of the expectation that these could of or should have been at the new rate. That remains to be seen. ...there was an article that came out about ...the deficit being cut over there from 27 Trillion down to 13 trillion. And that made some eyebrows come up of the thought process...could this be the elusive RV raising it's head? That remains to be seen as well. We did have some banking folks highly expectant of things happening over the weekend and of course they have moved that excitement into the first part of the week, still excited that something is about to happen. And that is where we are right now... Waiting for more information that pinpoints where we are in the grand scheme of things...or even a full scale release. That remains to be seen.
12-18-2017 Newshound/Intel Guru Mnt Goat ...no one and I mean no one, has enough information or evidence to justify proof of saying that the RV will happen prior to Christmas. I want everyone to...remember that the reason we have had so many past Christmases come and go with news of the process to delete the zeros (thus RV) is that it was in fact planned RVs for the following timeframes in January 2011, 2013, 2016 and told about an EARLY 2017. ...at these times we had evidence from the CBI...This all is factual information told to us in retrospect by Dr Shabibi himself in the years following these timeframes. ...no one had any idea we would be disappointed again as they told us later it was postponed. If we get some good news of going forward once again now that we are nearing the end of 2017 with the “project to delete the zeros” and the re-education articles in the next 15 days there may still be hope for EARLY January 2018. Then and only then we should get excited.
12-18-2017 Newshound Guru mike Article: "World Bank: ready for the advancement of the Iraqi economy" Great article, but we have over 60 pages of articles where the World Bank has showed support for the advancement of the Iraqi economy and the dinar. These guys helped orchestrate the new dinar and move it from 3000-$1 to where it is today and a score of other things to move this country forward economically for the past 12 years. What's missing is political will. As an investor, I want more than speeches from the WB/IMF, Abadi and Iraq's leadership. I want a passed 2018 budget before 2018. I want a capped, 100% deposit insurance. I want the dinar in Article VIII. I want foreign investment to have the ability to own property in Iraq without having to have an Iraqi partner. I want government protections on the money I invest in Iraq. So far, we don't have this stuff...Pass the laws and show the world Iraq is ready for investment rather than telling me.
12-17-2017 Intel Guru Jester WE GET GOOD INFO THAT THINGS ARE HAPPENING... PROCESS MOVING FORWARD... JUST NO DATE IS FORTHCOMING... AND NO IDEA WHAT STAGE THEY ARE IN...THE IRRITATING THING IS THE BEST I CAN GET IS BACKROOM BANK MEETINGS ...WHICH IS OBVIOUS... CENTRAL BANKS ARE THE KEY...
12-17-2017 Newshound Guru mike [...what laws are we still looking to get passed to get to get this economy going...] ...here's what I'm looking for. The first big deal is the acceptance of Article VIII. The political will to end the auctions and allow the dinar to float requires a ton of legislation, or the removal of restrictive legislation. ...The government controls almost everything. 95% of the countries revenue is derived from oil, controlled by the government. Iraq's leadership won't pass the laws necessary to empower the people to create an open market economy. Passing the HCL will help eliminate the massive corruption surrounding the oil money. ...the key is to empower the banks, protect Iraqi deposits, have the currency internationally recognized and remove the red tape and investment obstacles so that western money does come into Iraq. Capitalism is a powerful tool, if there's money to be made and it's safe to do it, Iraq will have all the investment they can handle...
12-17-2017 Newshound Guru mike [...what laws are we still looking to get passed to get to get this economy going...] ...here's what I'm looking for. The first big deal is the acceptance of Article VIII. The political will to end the auctions and allow the dinar to float requires a ton of legislation, or the removal of restrictive legislation. ...The government controls almost everything. 95% of the countries revenue is derived from oil, controlled by the government. Iraq's leadership won't pass the laws necessary to empower the people to create an open market economy. Passing the HCL will help eliminate the massive corruption surrounding the oil money. ...the key is to empower the banks, protect Iraqi deposits, have the currency internationally recognized and remove the red tape and investment obstacles so that western money does come into Iraq. Capitalism is a powerful tool, if there's money to be made and it's safe to do it, Iraq will have all the investment they can handle...
12-16-2017 Newshound Guru Kaperoni Article: "The document: a political entity address the Prime Minister officially .. and demanding the dismissal of the Governor of the Central Bank" The one key thing with Alaq as he seems to have united his plans with the GOI. Something that never would have occurred with Shabibi. And I would think if those plans were not in the best interest of Iraq the IMF would have said something as they are present at the meeting, conferences and consultations.
12-16-2017 Intel Guru RayRen98 [It has been reported by the Government of Iraq that a new minimum wage of 350K dinar per month will go into effect 1/1/2018. What are your thoughts on this as it pertains to the RV?] Don’t be surprised if another report comes out before then that they adjusted the minimum wage because the currency has a new value.
12-16-2017 Newshound Guru Enorrste Article: "Iraq replaces the confidence of the world economically" It appears that Abadi is more positive about the banking situation in Iraq than he should be. We have seen over the years that the banking system in Iraq was woefully deficient. There have certainly been improvements made, but one factor that has not yet occurred is the movement of dinars from mattresses to banks. Unless and until that occurs I fear that the economy will not take off and, more importantly, the CBI won't be able to reduce the money supply allowing the value to rise. Foreign investment will help but I doublt that it will be as aggressive initially as Abadi would like to believe. This is like trying to move an ocean liner. It starts out slowly and, as KAP [Guru Kaperoni] has noted, gains momentum. But this is not a 100 yard dash. It will take time, months at least, to see any significant change in the investment climate. That's my 2 cents worth. I wish I were wrong, but I've been in this over 11 years and I can't help but believe that Abadi's hype is overstated.
12-16-2017 Intel Guru RayRen98 ...looking for possibly some...TELLING information over the weekend. Now, as far as everything being down for the weekend: markets closing in a few hours [Friday]; Forex shutting down - this weekend could be an interesting turn of events that happen over the weekend taking us into open of business on Monday. Could be rather exciting! Right now I just have to patiently wait for the information to trickle in and lets see where we wind up between now and sunrise on Monday morning. Time will tell and all we can do is patiently wait on it...
12-16-2017 Newshound Guru Adam Montana [...do you have some good news about thé HCL? RV?] I wish I did right now! We're in a little bit of a lull with the HCL, and I'm not sure when that lull will be over, but I AM certain that it will end soon. All we can do right now is wait to hear some news. My guess is we should get HCL news within the next 6 weeks. It's a topic that cannot be ignored forever, it's something they NEED regardless of their currency value, and it is only going to benefit them. I get torn on this next statement... I want to say "the sooner, the better!" But then I also like the sound of "The HIGHER, the better!" With those words in mind, I usually decide it's best if I exercise some of that virtue called "patience", and I'm ok with letting it take a little longer if it's going to be done right.
12-16-2017 Intel Guru RayRen98 [It has been reported by the Government of Iraq that a new minimum wage of 350K dinar per month will go into effect 1/1/2018. What are your thoughts on this as it pertains to the RV?] Don’t be surprised if another report comes out before then that they adjusted the minimum wage because the currency has a new value.
12-16-2017 Newshound Guru Enorrste Article: "Iraq replaces the confidence of the world economically" It appears that Abadi is more positive about the banking situation in Iraq than he should be. We have seen over the years that the banking system in Iraq was woefully deficient. There have certainly been improvements made, but one factor that has not yet occurred is the movement of dinars from mattresses to banks. Unless and until that occurs I fear that the economy will not take off and, more importantly, the CBI won't be able to reduce the money supply allowing the value to rise. Foreign investment will help but I doublt that it will be as aggressive initially as Abadi would like to believe. This is like trying to move an ocean liner. It starts out slowly and, as KAP [Guru Kaperoni] has noted, gains momentum. But this is not a 100 yard dash. It will take time, months at least, to see any significant change in the investment climate. That's my 2 cents worth. I wish I were wrong, but I've been in this over 11 years and I can't help but believe that Abadi's hype is overstated.
12-16-2017 Intel Guru RayRen98 ...looking for possibly some...TELLING information over the weekend. Now, as far as everything being down for the weekend: markets closing in a few hours [Friday]; Forex shutting down - this weekend could be an interesting turn of events that happen over the weekend taking us into open of business on Monday. Could be rather exciting! Right now I just have to patiently wait for the information to trickle in and lets see where we wind up between now and sunrise on Monday morning. Time will tell and all we can do is patiently wait on it...
12-16-2017 Newshound Guru Adam Montana [...do you have some good news about thé HCL? RV?] I wish I did right now! We're in a little bit of a lull with the HCL, and I'm not sure when that lull will be over, but I AM certain that it will end soon. All we can do right now is wait to hear some news. My guess is we should get HCL news within the next 6 weeks. It's a topic that cannot be ignored forever, it's something they NEED regardless of their currency value, and it is only going to benefit them. I get torn on this next statement... I want to say "the sooner, the better!" But then I also like the sound of "The HIGHER, the better!" With those words in mind, I usually decide it's best if I exercise some of that virtue called "patience", and I'm ok with letting it take a little longer if it's going to be done right.
12-15-2017 Intel Guru RayRen98 The information that I have received suggests that this will still be released by Christmas, and that’s where I’m staying, pending new information. That is it: we’re just basically waiting. There are things going on that cannot be shared; they will come to light in due time. They do sound good and we are moving forward, we’re just not quite ready to go to the bank and do our exchange.
12-15-2017 Newshound Guru MilitiaMan Article: "Iraqi bank receives international award" Another indicator of significant progress or coming about international if you will. Setting up for to the final outcome imo.
12-15-2017 Newshound/Intel Guru Mnt Goat We know ...currency auctions are killing the CBI reserves and must be halted due to corruption. These auctions limit the ability to trade and pay in Iraqi dinars... We know last month that Iraq made trade agreements with boarding countries (Iran, Jordan, Saudi Arabia, Turkey and Iran) and to pay debts in their own currencies. Meaning Iraq is to pay in Dinars, Iran in Riyal, etc. Oh – but how can Iraq when they are restricted in these currency auctions to convert Iraqi IQD to USD and pay in US dollars? We now know (from a previous article this week) that the financial fiscal year for Iraq ends today Dec 15th. I am not going to give you any promises of an RV. I am only trying to bring out the possibilities with EVIDENCE, PROOF and FACTS that this RV ride may soon be over. ...There is just so much evidence pointing in the direction of the end of the year. [post 2 of 2]
12-15-2017 Newshound/Intel Guru Mnt Goat If you are paying attention to all the news...You should, and now be aware Iraq is on a very strong position to the final phases of the “project to delete the zeros”. The news could not get any better. Last week Iraq delivered to us some amazing news. It was all news that we have been waiting for many years to receive. It is here now and we are moving forward at a faster pace. We heard from the IMF, after the release from Chapter VII, that Iraq is now truly a “fully” sovereign nation...and can now freely deal with the international community... ...Iraq can now handle all its oil sales revenues directly. [post 1 of 2....stay tuned]
12-15-2017 Newshound Guru MilitiaMan Quote: "We would like to inform you that RTL transfers has been activated MSG via electronic services via the Internet" This is telling us Iraq just went Digital... imo... if this is true, then our time is near! imo
12-15-2017 Intel Guru Bruce We told you Iraq...completed everything they needed to do concerning the speech PM Abadi made last Saturday. He actually did mention the rate of the dinar at the time and it was covered by CNN Internationally. What is amazing is the only thing we are looking for from Iraq is the rate of the dinar, the new rate, the value posted on the CBI website, and the CBI rate to find its way to the Forex. The same thing is true for the UN Operational rates...they occur on the 1st and the 15th of every month. I feel we are right there. It could happen at any moment, over night tonight, or tomorrow [Friday]. We will see what happens. All I can tell you is tomorrow [Friday] could be an important day as far as UN Operational rates, as far as Forex goes. It should be before Christmas. This should be our Christmas gift to the world, and be able to enjoy it as never before.
12-15-2017 Newshound Guru Enorrste Article: "World Bank: ready for the advancement of the Iraqi economy" I agree with KAP that the fact that this is being driven by the World Bank is very significant. [Reference Guru Kaperoni post 12-14-2017] In the past we have heard many times that "in the coming period" something may happen, but these were all from within the GOI or CBI. The politics intervened and delays occurred. However, with the World Bank behind this move it seems that we may finally begin to see some real economic growth in the country. Obviously with that growth there will be a strengthening of the currency which should allow for the float to begin. It could take several months, but at least we have one of the "big boys" behind this, finally.
12-15-2017 Newshound Guru MilitiaMan Article: "Iraqi bank receives international award" Another indicator of significant progress or coming about international if you will. Setting up for to the final outcome imo.
12-15-2017 Newshound/Intel Guru Mnt Goat We know ...currency auctions are killing the CBI reserves and must be halted due to corruption. These auctions limit the ability to trade and pay in Iraqi dinars... We know last month that Iraq made trade agreements with boarding countries (Iran, Jordan, Saudi Arabia, Turkey and Iran) and to pay debts in their own currencies. Meaning Iraq is to pay in Dinars, Iran in Riyal, etc. Oh – but how can Iraq when they are restricted in these currency auctions to convert Iraqi IQD to USD and pay in US dollars? We now know (from a previous article this week) that the financial fiscal year for Iraq ends today Dec 15th. I am not going to give you any promises of an RV. I am only trying to bring out the possibilities with EVIDENCE, PROOF and FACTS that this RV ride may soon be over. ...There is just so much evidence pointing in the direction of the end of the year. [post 2 of 2]
12-15-2017 Newshound/Intel Guru Mnt Goat If you are paying attention to all the news...You should, and now be aware Iraq is on a very strong position to the final phases of the “project to delete the zeros”. The news could not get any better. Last week Iraq delivered to us some amazing news. It was all news that we have been waiting for many years to receive. It is here now and we are moving forward at a faster pace. We heard from the IMF, after the release from Chapter VII, that Iraq is now truly a “fully” sovereign nation...and can now freely deal with the international community... ...Iraq can now handle all its oil sales revenues directly. [post 1 of 2....stay tuned]
12-15-2017 Newshound Guru MilitiaMan Quote: "We would like to inform you that RTL transfers has been activated MSG via electronic services via the Internet" This is telling us Iraq just went Digital... imo... if this is true, then our time is near! imo
12-15-2017 Intel Guru Bruce We told you Iraq...completed everything they needed to do concerning the speech PM Abadi made last Saturday. He actually did mention the rate of the dinar at the time and it was covered by CNN Internationally. What is amazing is the only thing we are looking for from Iraq is the rate of the dinar, the new rate, the value posted on the CBI website, and the CBI rate to find its way to the Forex. The same thing is true for the UN Operational rates...they occur on the 1st and the 15th of every month. I feel we are right there. It could happen at any moment, over night tonight, or tomorrow [Friday]. We will see what happens. All I can tell you is tomorrow [Friday] could be an important day as far as UN Operational rates, as far as Forex goes. It should be before Christmas. This should be our Christmas gift to the world, and be able to enjoy it as never before.
12-15-2017 Newshound Guru Enorrste Article: "World Bank: ready for the advancement of the Iraqi economy" I agree with KAP that the fact that this is being driven by the World Bank is very significant. [Reference Guru Kaperoni post 12-14-2017] In the past we have heard many times that "in the coming period" something may happen, but these were all from within the GOI or CBI. The politics intervened and delays occurred. However, with the World Bank behind this move it seems that we may finally begin to see some real economic growth in the country. Obviously with that growth there will be a strengthening of the currency which should allow for the float to begin. It could take several months, but at least we have one of the "big boys" behind this, finally.
12-14-2017 Newshound/Intel Guru Mnt Goat Article quote: "TO FINANCE IMPORTS MUST BE A CONVERSION IN FOREIGN CURRENCY," noting that "THERE IS A QUESTION MARK ON THE CURRENCY SIGN CAUSED BY CONFUSION BETWEEN THE IMPLEMENTATION OF MONETARY POLICY OF THE CENTRAL BANK to control the levels of liquidity and at the same time trade finance, to create this ambiguity." ...sounds like Saleh is saying that Iraq needs to stop these currency auctions and use dinar in foreign trade and not go through this conversion process. The only way they can this is to use the dinar and to use the dinar they have to revalue the currency or they will have hyper-inflation. He is also criticizing the CBI for its currency practices in this regard.
12-14-2017 Newshound Guru Kaperoni Article: "World Bank: ready for the advancement of the Iraqi economy" This is another very important article. Since the World Bank is who was helping the CBI with currency reform, it appears they are on board now to get it done. If you read previous delete zeros articles the World Bank was clear on the benefits and reason to restructor the currency. Seeing this article gives me hope that with the help of the WB, the project may start within a month or two. Keep in mind, those same articles stated that it takes a long time ( I am speculating at a few years) to delete the zeros.
12-14-2017 Newshound/Intel Guru Mnt Goat A lot of readers asked me if Iraq was “fully” out of Chapter VII sanctions of the UN Charter for member nations. Here is my answer: Iraq is “fully” out of the part of sanctions that took them into the oil for food program, thus for the period mid April 1995 – Dec 2017 all oil revenues (petro dollars) had to be deposited first into the DFI fund (Development Fund for Iraq). This protected the funds from predator debt collectors and also corrupted officials. BUT NOW THIS IS NO LONGER MANDATED! Iraq can now receive oil revenues directly and the DFI fund is closed. This is just like before the first gulf war. This is what we want. This is said to mean “full” sovereignty... This is what Iraq wanted and needed prior to the RV. However technically there are still minor Chapter VII issues but they will have little to no impact on the re-instatement of the currency.
12-13-2017 Intel Guru RayRen98 [From your sources, are we still looking at hopefully exchanging this week?] Yes.
12-14-2017 Newshound Guru Walkingstick When, the program rate is lifted... one, will not... have, to seek out the Forex. It will be no less, Headline/ Worldwide news then Abadi declaring complete liberation.
12-14-2017 Newshound Guru Adam Montana [What impact does everything that happened over the weekend have on the RV? How close are they to passing the HCL? Do you think they will ever flip the switch and RV?] I do believe they will RV. I don't know if it's tomorrow or next month, but the value IS going back up.
12-14-2017 Intel Guru RayRen98 Our banking community is alert, ready and waiting to move at the appropriate time. Nothing has changed since Monday, but this thing IS moving. Someone is squeezing the hose, and I can’t tell you how long it will take. I’m still optimistic that this thing will come to an end before Christmas or immediately thereafter. The status quo is the same. There is a lot of excitement. Our limited information is good...We expect to hear some things today and tomorrow. The best is yet to come... We should have an exciting Christmas, either with spending money or with the prospect of money we will be able to spend, even if we carry over into 2018.
12-14-2017 Newshound Guru Kaperoni Article: "World Bank: ready for the advancement of the Iraqi economy" This is another very important article. Since the World Bank is who was helping the CBI with currency reform, it appears they are on board now to get it done. If you read previous delete zeros articles the World Bank was clear on the benefits and reason to restructor the currency. Seeing this article gives me hope that with the help of the WB, the project may start within a month or two. Keep in mind, those same articles stated that it takes a long time ( I am speculating at a few years) to delete the zeros.
12-14-2017 Newshound/Intel Guru Mnt Goat A lot of readers asked me if Iraq was “fully” out of Chapter VII sanctions of the UN Charter for member nations. Here is my answer: Iraq is “fully” out of the part of sanctions that took them into the oil for food program, thus for the period mid April 1995 – Dec 2017 all oil revenues (petro dollars) had to be deposited first into the DFI fund (Development Fund for Iraq). This protected the funds from predator debt collectors and also corrupted officials. BUT NOW THIS IS NO LONGER MANDATED! Iraq can now receive oil revenues directly and the DFI fund is closed. This is just like before the first gulf war. This is what we want. This is said to mean “full” sovereignty... This is what Iraq wanted and needed prior to the RV. However technically there are still minor Chapter VII issues but they will have little to no impact on the re-instatement of the currency.
12-13-2017 Intel Guru RayRen98 [From your sources, are we still looking at hopefully exchanging this week?] Yes.
12-14-2017 Newshound Guru Walkingstick When, the program rate is lifted... one, will not... have, to seek out the Forex. It will be no less, Headline/ Worldwide news then Abadi declaring complete liberation.
12-14-2017 Newshound Guru Adam Montana [What impact does everything that happened over the weekend have on the RV? How close are they to passing the HCL? Do you think they will ever flip the switch and RV?] I do believe they will RV. I don't know if it's tomorrow or next month, but the value IS going back up.
12-14-2017 Intel Guru RayRen98 Our banking community is alert, ready and waiting to move at the appropriate time. Nothing has changed since Monday, but this thing IS moving. Someone is squeezing the hose, and I can’t tell you how long it will take. I’m still optimistic that this thing will come to an end before Christmas or immediately thereafter. The status quo is the same. There is a lot of excitement. Our limited information is good...We expect to hear some things today and tomorrow. The best is yet to come... We should have an exciting Christmas, either with spending money or with the prospect of money we will be able to spend, even if we carry over into 2018.
12-13-2017 Newshound Guru Adam Montana I know many of you have been in this for a long time, but some of you are actually new to it, so I’m going to give a bit of a “newbie” explanation as to why we’re here right now. First, Iraq has a VERY large part of something that the entire world NEEDS - OIL. Iraq’s currency was at one time one of the highest in the world. Then war broke the country and the value of the Iraqi dinar plummeted to far less than it is now, but even farther from where it was in the past. Since that plummet, some things have changed. Iraq has cleaned up it’s government, is VERY stable to this day, and they have eliminated at least 98% of anything standing in the way of raising the value on their currency again. And most importantly...they still have their OIL. Let’s not ever forget about that! OIL is currently at the highest it’s been for the entire year, and that is going to play a huge positive role in how Iraq moves forward.
12-13-2017 Newshound Guru Kaperoni Article: "Iraq replaces the confidence of the world economically" Quote: "Iraq has become has international confidence and freedom in financial transactions after the force of the provisions of Chapter VII completely, with the lifting of all restrictions that were imposed" [That is some great juice... Now we need the currency articles to start going with all this great release from Chapter Seven news.] I still think we are a few months out at best. The CBI still needs to get in compliance with the IMF before we see them move to a float. But this momentum is good and will begin to bring capital into Iraq.
12-13-2017 Newshound/Intel Guru BGG I have said repeatedly – I’m not sure they will release Iraq from their UNSC Ch 7 oversight anytime in the near future. This would greatly limit the UN’s ability to come and go (within Iraq’s borders) as they see fit. Though the UN appears to be pushing Iraq forward rapidly, I am dubious they give up a big tool in their fight against terrorism in the region. Does Iraq have to be fully released from the UN Ch 7 charter (the protection portion) to progress to where we would like them to? I believe not. JMHO. I am going to be somewhat reserved until a official U.N. announcement of a full release from CH 7. It’s also curious how they managed to hold an international bond offering without this previously and were successful? Relax – wait for the facts. [post 2 of 2]
12-13-2017 Newshound/Intel Guru BGG Article: "Iraq emerges from Chapter VII and the “oil for food” Obviously, this is very big news, however...Is Iraq being FULLY removed from the UN Ch 7 Charter (as in – all UNSC oversight)? (BTW – the sanctions and “the UNSC Charter” may well be two related but different functions.) The wording is still a bit murky for me...There are some “tensing”, translation and direct reference issues I would like to see cleared up. It’s not entirely clear they are officially clear of Ch 7 entirely. In many of the articles and interviews, it appears (to me) as though this is referring to the Oil-for-Food program as an individual issue...apart from the UNSC overall function. [post 1 of 2....stay tuned]
12-13-2017 Intel Guru Bruce Also, we have heard since then the Iraqi dinar has been and as well as the other main currencies, were pulled off the Forex on Friday... Our understanding was they were to go back on Forex. I do not know for sure if they went back on for trading yet. I believe that everything that we are hearing right now is pointing toward this happening here in very short order. I am very excited for the information I have received. [post 2 of 2]
12-13-2017 Intel Guru Bruce We are right in the moment, an any moment now state. I have every reason to believe that is the case from who I am hearing it from. Five days ago what happened over the weekend in Iraq was a major deal with the major corporations represented by113 companies showing up to sign contracts with Iraq to do business in Iraq, and some wanted to become investors in the Iraqi stock exchange. Prime Minister Abadi did make his final necessary speech about the liberation of Iraq, the elimination of ISIS from Iraq, their sovereignty, and about their new gold back currency. New is referring to the new Iraqi dinar. That...captured on CNN International, and they had a rate that was very substantial that was also mentioned on that broadcast. [post 1 of 2....stay tuned]
12-13-2017 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ PRESENTED ITS FINANCIAL AND ECONOMIC VISIONS AND ACHIEVEMENTS LEFT WITH JOYFUL IMPRESSION" ...they are “buttering” everyone up to accepting the future policies of the CBI...One of which we know is monetary reform (includes getting back their real currency true value. Remember the article I presented a month ago? It talked about how neighboring countries namely Iran, Kuwait and Saudi Arabia want to conduct trade in their own currencies. How can Iraq do this when they have these currency auctions which mandate the conversion of dinar IQD to USD for payment. Oh -wait one second...we now know technically this is no longer mandated since Iraq is now “fully” out of Un Chapter VII sanctions. It is just a matter of a short while before Iraq makes this long awaited change over.
12-13-2017 Newshound Guru Kaperoni Article: "Iraq replaces the confidence of the world economically" Quote: "Iraq has become has international confidence and freedom in financial transactions after the force of the provisions of Chapter VII completely, with the lifting of all restrictions that were imposed" [That is some great juice... Now we need the currency articles to start going with all this great release from Chapter Seven news.] I still think we are a few months out at best. The CBI still needs to get in compliance with the IMF before we see them move to a float. But this momentum is good and will begin to bring capital into Iraq.
12-13-2017 Newshound/Intel Guru BGG I have said repeatedly – I’m not sure they will release Iraq from their UNSC Ch 7 oversight anytime in the near future. This would greatly limit the UN’s ability to come and go (within Iraq’s borders) as they see fit. Though the UN appears to be pushing Iraq forward rapidly, I am dubious they give up a big tool in their fight against terrorism in the region. Does Iraq have to be fully released from the UN Ch 7 charter (the protection portion) to progress to where we would like them to? I believe not. JMHO. I am going to be somewhat reserved until a official U.N. announcement of a full release from CH 7. It’s also curious how they managed to hold an international bond offering without this previously and were successful? Relax – wait for the facts. [post 2 of 2]
12-13-2017 Newshound/Intel Guru BGG Article: "Iraq emerges from Chapter VII and the “oil for food” Obviously, this is very big news, however...Is Iraq being FULLY removed from the UN Ch 7 Charter (as in – all UNSC oversight)? (BTW – the sanctions and “the UNSC Charter” may well be two related but different functions.) The wording is still a bit murky for me...There are some “tensing”, translation and direct reference issues I would like to see cleared up. It’s not entirely clear they are officially clear of Ch 7 entirely. In many of the articles and interviews, it appears (to me) as though this is referring to the Oil-for-Food program as an individual issue...apart from the UNSC overall function. [post 1 of 2....stay tuned]
12-13-2017 Intel Guru Bruce Also, we have heard since then the Iraqi dinar has been and as well as the other main currencies, were pulled off the Forex on Friday... Our understanding was they were to go back on Forex. I do not know for sure if they went back on for trading yet. I believe that everything that we are hearing right now is pointing toward this happening here in very short order. I am very excited for the information I have received. [post 2 of 2]
12-13-2017 Intel Guru Bruce We are right in the moment, an any moment now state. I have every reason to believe that is the case from who I am hearing it from. Five days ago what happened over the weekend in Iraq was a major deal with the major corporations represented by113 companies showing up to sign contracts with Iraq to do business in Iraq, and some wanted to become investors in the Iraqi stock exchange. Prime Minister Abadi did make his final necessary speech about the liberation of Iraq, the elimination of ISIS from Iraq, their sovereignty, and about their new gold back currency. New is referring to the new Iraqi dinar. That...captured on CNN International, and they had a rate that was very substantial that was also mentioned on that broadcast. [post 1 of 2....stay tuned]
12-13-2017 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ PRESENTED ITS FINANCIAL AND ECONOMIC VISIONS AND ACHIEVEMENTS LEFT WITH JOYFUL IMPRESSION" ...they are “buttering” everyone up to accepting the future policies of the CBI...One of which we know is monetary reform (includes getting back their real currency true value. Remember the article I presented a month ago? It talked about how neighboring countries namely Iran, Kuwait and Saudi Arabia want to conduct trade in their own currencies. How can Iraq do this when they have these currency auctions which mandate the conversion of dinar IQD to USD for payment. Oh -wait one second...we now know technically this is no longer mandated since Iraq is now “fully” out of Un Chapter VII sanctions. It is just a matter of a short while before Iraq makes this long awaited change over.
12-12-2017 Newshound Guru Don961 Article: "Rafidain decides to activate the transfer of financial services to citizens electronically between all branches " There will no longer be the need to carry huge stacks of currency for such transactions...transfers will happen without delay...or risk of thievery...imo.
12-12-2017 Newshound Guru Kaperoni Article: "morning: we were able to stop the waste and recover large sums of money" Sounds like some progress is being made weeding out overspending, wasted funds, etc. It's a start and hopefully enough to keep reforms moving forward.
12-12-2017 Newshound/Intel Guru Mnt Goat Article quote: “We can say that IRAQ’S SOVEREIGNTY HAS BEEN FULLY REALIZED and that IRAQ HAS A REAL OPPORTUNITY TO ADVANCE AND REGAIN ITS STATUS AFTER IT HAS RETURNED ITS CONFIDENCE TO THE INTERNATIONAL COMMUNITY,” Okay folks if this...statement ...does not rock you, I don’t know what will. These are almost the exact words used in a past statement made by the PM Abadi and Saleh when they said they wanted Iraq to return to the international stage and regain their former glory of their currency. ...Folks this is WOW! news.
12-12-2017 Intel Guru Frank26 Fasten your seatbelts. I feel these studies are coming to an end. We don't offer date or rate, the evidence is there...We Told you on Wednesday 2 article's will come out after speech...and 1 CBI article...Nano seconds after that speech was done Chapter V11 was released...Like a wormhole at the speed of light! What was in that speech...IMO WE WON! Iraq can now bring in investors...the Long line...CBI says "we have confidence of a Financial Victory". IOO...Will be an RI at 1-1...as it goes to the RV stage...will climb, then a free float...WE HAVE WON!
12-12-2017 Intel Guru RayRen98 [Didn’t Abadi say that ‘economic reforms will be complete within 24 hours’?] No, he did not say that. But just because we don’t know what’s going on, it doesn’t mean the Iraqis don’t know what’s going on. Apparently it doesn’t have to be on the CBI site for them to be enjoying a new rate, according to intel I’m receiving. They’ve made all the international references they can make, and now Abadi is moving on to the next piece of business. To me, it all says “no more excuses”. There is intel that I cannot share, but it indicates a few more hours or days, maybe by Wednesday.
12-12-2017 Newshound Guru Kaperoni Article: "morning: we were able to stop the waste and recover large sums of money" Sounds like some progress is being made weeding out overspending, wasted funds, etc. It's a start and hopefully enough to keep reforms moving forward.
12-12-2017 Newshound/Intel Guru Mnt Goat Article quote: “We can say that IRAQ’S SOVEREIGNTY HAS BEEN FULLY REALIZED and that IRAQ HAS A REAL OPPORTUNITY TO ADVANCE AND REGAIN ITS STATUS AFTER IT HAS RETURNED ITS CONFIDENCE TO THE INTERNATIONAL COMMUNITY,” Okay folks if this...statement ...does not rock you, I don’t know what will. These are almost the exact words used in a past statement made by the PM Abadi and Saleh when they said they wanted Iraq to return to the international stage and regain their former glory of their currency. ...Folks this is WOW! news.
12-12-2017 Intel Guru Frank26 Fasten your seatbelts. I feel these studies are coming to an end. We don't offer date or rate, the evidence is there...We Told you on Wednesday 2 article's will come out after speech...and 1 CBI article...Nano seconds after that speech was done Chapter V11 was released...Like a wormhole at the speed of light! What was in that speech...IMO WE WON! Iraq can now bring in investors...the Long line...CBI says "we have confidence of a Financial Victory". IOO...Will be an RI at 1-1...as it goes to the RV stage...will climb, then a free float...WE HAVE WON!
12-12-2017 Intel Guru RayRen98 [Didn’t Abadi say that ‘economic reforms will be complete within 24 hours’?] No, he did not say that. But just because we don’t know what’s going on, it doesn’t mean the Iraqis don’t know what’s going on. Apparently it doesn’t have to be on the CBI site for them to be enjoying a new rate, according to intel I’m receiving. They’ve made all the international references they can make, and now Abadi is moving on to the next piece of business. To me, it all says “no more excuses”. There is intel that I cannot share, but it indicates a few more hours or days, maybe by Wednesday.
12-11-2017 *** Dinar Guru NewsFLASH *** Intel AND Newshound Gurus expected a liberation celebration and/or announcement today in Iraq...and it finally happened Saturday and Sunday! PM Abadi announced it...Iraq is now liberated from ISIS. It appears he delayed this official announcement until desert regions and all borders were secure (and perhaps some other loose ends). This is a HUGE step and victory for Iraq in more ways than one...stay tuned as the gurus uncover what impact this will have on the exchange rate of the dinar.... [The latest guru updates will continue below...]
12-11-2017 Newshound Guru mike Article: "The document: a political entity address the Prime Minister officially .. and demanding the dismissal of the Governor of the Central Bank" My mind drifts back to Dr. Shabibi, now there was a guy who didn't take orders from the GOI and did what was best for Iraq's monetary policy. He was independent and educated in oil based economies. Keywords is none of those things and so far, we're stuck in a rut. I have no confidence in this guy anymore and if he can't get it done, I'd rather start with a new Governor than sit, wait and hope that Keywords will finally move the ball past the goal line. I just don't think he'll do it.
12-11-2017 Intel Guru RayRen98 We had an exciting weekend of celebrations and other activities. Victory Week ends today, although Abadi has already left town, as it were. If I knew things were taken care of, I’d just leave town. Liberation was announced, and Chapter 7, and the Budget, even though Parliament hasn’t voted on it. The only thing still to be announced is the official new rate of the Iraqi dinar. All the currencies we’re interested in have been greyed out on the bank screens, expecting rate changes. Some expected those changes to kick on Sunday evening…that’s in US banks. Over there, the CBI is now in charge, so we anticipate a rate change after the speeches both there and here. This should be it! We don’t have public information of a rate change over there, yet; however… Still the wheel turning forward as far as I'm concerned. Did not wake up this morning to a whole new rate on the IWD at the banks or the rates not being grayed out but that does not mean its not right around the corner. Let's see what happens between now and Wednesday.
12-11-2017 Newshound/Intel Guru Mnt Goat ...the security part is taken care of...the CBI and GOI will not no longer hold back the RV due to SECURITY reasons. So now Iraq is moving in the right direction again and after the announcements this past weekend I believe that Iraq is actually in a much better situation than even in 2012. [post 3 of 3]
12-11-2017 Newshound/Intel Guru Mnt Goat On Saturday we have some incredible news. Is all this recent news really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No! We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform. ...I am optimistic as I am told we will get it and to be patient. ...on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions. ...the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement. Can this happen anytime? Yes – but there is still work to be done by Iraq. [post 2 of 3....stay tuned]
12-11-2017 Newshound/Intel Guru Mnt Goat I want to say the news could not possibly get any better than today’s news. Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. ...let me set everyone straight and set an honest expectation here on how all this is going to work... Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We are just 23 days until 2018 and there is no targeted RV prior to this time. [post 1 of 3....stay tuned]
12-11-2017 Intel Guru ADMINBILL CLOSER THAN EVER BEFORE. THE RECENT PUBLIC ANNOUNCEMENTS OF STEPS ALREADY COMPLETED IS MOMENTOUS AS WE TRACK THE PROGRESS OF THE PROGRESS TO COMPLETION.
12-11-2017 Newshound Guru MilitiaMan "The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place. You must be aware that banks examine the documents only with respect to the documentary credit and do not look at contracts, agreements or the condition of the goods." [post 2 of 2]
12-11-2017 Newshound Guru MilitiaMan Article: "Saleh: There are question marks on mechanisms to convert foreign currency to Iraq" When Saleh talks about the safest way to secure payment methods at this juncture in time, is serious information. The documentary credit [reference post 2] is looking to be the way he is going to protect that long line. It is an assurance that the importer has complied with standards that are acceptable for international trade. This is setting the stage for what is expected and that is a level playing field in an international setting that requires transparency and a stable currency at a stable price. Bye bye program rate! imo~ Chapter 7 was lifted on the 8th of December from the article I read.. Imo That was a go time! wink wink wink The twins were born.. lol ~ [post 1 of 2....stay tuned]
12-11-2017 Intel Guru RayRen98 We had an exciting weekend of celebrations and other activities. Victory Week ends today, although Abadi has already left town, as it were. If I knew things were taken care of, I’d just leave town. Liberation was announced, and Chapter 7, and the Budget, even though Parliament hasn’t voted on it. The only thing still to be announced is the official new rate of the Iraqi dinar. All the currencies we’re interested in have been greyed out on the bank screens, expecting rate changes. Some expected those changes to kick on Sunday evening…that’s in US banks. Over there, the CBI is now in charge, so we anticipate a rate change after the speeches both there and here. This should be it! We don’t have public information of a rate change over there, yet; however… Still the wheel turning forward as far as I'm concerned. Did not wake up this morning to a whole new rate on the IWD at the banks or the rates not being grayed out but that does not mean its not right around the corner. Let's see what happens between now and Wednesday.
12-11-2017 Newshound/Intel Guru Mnt Goat ...the security part is taken care of...the CBI and GOI will not no longer hold back the RV due to SECURITY reasons. So now Iraq is moving in the right direction again and after the announcements this past weekend I believe that Iraq is actually in a much better situation than even in 2012. [post 3 of 3]
12-11-2017 Newshound/Intel Guru Mnt Goat On Saturday we have some incredible news. Is all this recent news really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No! We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform. ...I am optimistic as I am told we will get it and to be patient. ...on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions. ...the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement. Can this happen anytime? Yes – but there is still work to be done by Iraq. [post 2 of 3....stay tuned]
12-11-2017 Newshound/Intel Guru Mnt Goat I want to say the news could not possibly get any better than today’s news. Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. ...let me set everyone straight and set an honest expectation here on how all this is going to work... Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We are just 23 days until 2018 and there is no targeted RV prior to this time. [post 1 of 3....stay tuned]
12-11-2017 Intel Guru ADMINBILL CLOSER THAN EVER BEFORE. THE RECENT PUBLIC ANNOUNCEMENTS OF STEPS ALREADY COMPLETED IS MOMENTOUS AS WE TRACK THE PROGRESS OF THE PROGRESS TO COMPLETION.
12-11-2017 Newshound Guru MilitiaMan "The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place. You must be aware that banks examine the documents only with respect to the documentary credit and do not look at contracts, agreements or the condition of the goods." [post 2 of 2]
12-11-2017 Newshound Guru MilitiaMan Article: "Saleh: There are question marks on mechanisms to convert foreign currency to Iraq" When Saleh talks about the safest way to secure payment methods at this juncture in time, is serious information. The documentary credit [reference post 2] is looking to be the way he is going to protect that long line. It is an assurance that the importer has complied with standards that are acceptable for international trade. This is setting the stage for what is expected and that is a level playing field in an international setting that requires transparency and a stable currency at a stable price. Bye bye program rate! imo~ Chapter 7 was lifted on the 8th of December from the article I read.. Imo That was a go time! wink wink wink The twins were born.. lol ~ [post 1 of 2....stay tuned]
12-10-2017 Newshound Guru Kaperoni Article: "Security Council eases oil-for-food sanctions against Iraq" So they appear to still have sanctions on Iraq only now under UN Chapter 6. So they still have obligations to the UNSC.
12-10-2017 Intel Guru RayRen98 [With your understanding and what you know right now, does this look like the week to you?] ...All the things we thought had to happen have happened. The significant ones. There are some irons in the fire right now. We are just waiting for them to open the door to the stove so we can see the flames. We know there is a fire in there. Does that have a distinct meaning. Yes, it does! We have reasons to feel good right now. It could come out at a different rate than in the budget. (indication was it could come out higher). If everything unfolds, the way I was told, I’m anticipating seeing a rate change on Monday [12-11-17].
12-10-2017 Intel Guru Dr. Clarke Wait For It. You have the Timeline, from our 12-4-17 Post. [reference Dr. Clarke post 12-4-2017] Santa Says Hello and He's Coming to Town Soon! Ignore all the Factual, Fluffy, Flurry, Fanatical, Froggy, Fictitious, Fog.
12-10-2017 Newshound/Intel Guru Mnt Goat IRAQI FOREIGN MINISTRY ANNOUNCED ON SATURDAY MORNING THE ISSUANCE OF THE SECURITY COUNCIL DECISION TO EXIT IRAQ FROM CHAPTER VII. WOW!
12-10-2017 Newshound Guru Kaperoni [What other laws are we waiting on? I believe I read something a while back from Kap [Guru Kaperoni] saying the cbi law was what was needed and there was no specific law needed for the deposit insurance.] Both are done... CBI law passed last month and deposit insurance was passed months ago, never implemented...yet the CBI stated just a day or so ago insurance was imminent.
12-10-2017 Newshound Guru Don961 Some are confused and have asked: Chapter VII, Chapter VI are UN sanctions...having to do with Kuwait war reparations from Sadaam's attack on them... Article VIII compliance has to do with the IMF...Dotting all the i's , crossing all the t's to comply with IMF rules and regulations.
12-10-2017 Intel Guru RayRen98 [...I'm so nervous.] IT'S OKAY TO BE NERVOUS GETTING ON A RIDE...BUT WE'RE ABOUT TO EXIT THIS ONE!
12-10-2017 Newshound Guru Kaperoni Article: "Specialist: Iraq's exit from Chapter VII paving the way for a safe area for business and investment" [I don't see them getting out of Chapter VII until they satisfy their debts to the Kuwaiti's...] ...a deal is done to pay the balance with Kuiwait. Today's press release concludes Oil for Food program under Chapter VII moving Iraq to Chapter VI. I think the references to the assets and banking accounts is significant. This could effect the dinar.
12-10-2017 Intel Guru RayRen98 [With your understanding and what you know right now, does this look like the week to you?] ...All the things we thought had to happen have happened. The significant ones. There are some irons in the fire right now. We are just waiting for them to open the door to the stove so we can see the flames. We know there is a fire in there. Does that have a distinct meaning. Yes, it does! We have reasons to feel good right now. It could come out at a different rate than in the budget. (indication was it could come out higher). If everything unfolds, the way I was told, I’m anticipating seeing a rate change on Monday [12-11-17].
12-10-2017 Intel Guru Dr. Clarke Wait For It. You have the Timeline, from our 12-4-17 Post. [reference Dr. Clarke post 12-4-2017] Santa Says Hello and He's Coming to Town Soon! Ignore all the Factual, Fluffy, Flurry, Fanatical, Froggy, Fictitious, Fog.
12-10-2017 Newshound/Intel Guru Mnt Goat IRAQI FOREIGN MINISTRY ANNOUNCED ON SATURDAY MORNING THE ISSUANCE OF THE SECURITY COUNCIL DECISION TO EXIT IRAQ FROM CHAPTER VII. WOW!
12-10-2017 Newshound Guru Kaperoni [What other laws are we waiting on? I believe I read something a while back from Kap [Guru Kaperoni] saying the cbi law was what was needed and there was no specific law needed for the deposit insurance.] Both are done... CBI law passed last month and deposit insurance was passed months ago, never implemented...yet the CBI stated just a day or so ago insurance was imminent.
12-10-2017 Newshound Guru Don961 Some are confused and have asked: Chapter VII, Chapter VI are UN sanctions...having to do with Kuwait war reparations from Sadaam's attack on them... Article VIII compliance has to do with the IMF...Dotting all the i's , crossing all the t's to comply with IMF rules and regulations.
12-10-2017 Intel Guru RayRen98 [...I'm so nervous.] IT'S OKAY TO BE NERVOUS GETTING ON A RIDE...BUT WE'RE ABOUT TO EXIT THIS ONE!
12-10-2017 Newshound Guru Kaperoni Article: "Specialist: Iraq's exit from Chapter VII paving the way for a safe area for business and investment" [I don't see them getting out of Chapter VII until they satisfy their debts to the Kuwaiti's...] ...a deal is done to pay the balance with Kuiwait. Today's press release concludes Oil for Food program under Chapter VII moving Iraq to Chapter VI. I think the references to the assets and banking accounts is significant. This could effect the dinar.
12-9-2017 Newshound Guru G-Lin Article: "The UN Security Council issued a decision to exit Iraq from Chapter VII" Quote: "After the series of diplomatic successes achieved by the Iraqi Foreign Ministry, its efforts culminated in the issuance of a Security Council resolution to remove Iraq from Chapter VII in the oil-for-food program," Foreign Ministry spokesman Ahmed Mahjoub said in a press release. After completing all the commitments of the program ". I find it very interesting that this is occurring out of nowhere here at the end of the year. This is pretty huge.
12-9-2017 Intel Guru Rayren98 PM ABADI ANNOUNCES COMPLETE LIBERATION OF IRAQ. The coming hours should bring promising information.
12-9-2017 Newshound Guru Walkingstick Like, I said...a sequence of events...Liberation, CH VII, Kuwait...Art VIII compliance...we await...1. [reference Apmcrx and Delta posts below...12-9-2017]
12-9-2017 Newshound Guru Apmcrx Article: "The Central Bank holds its third annual conference with an Arab and international presence" Quote: "the conference will witness a large Arab and international presence, including Kuwait, Lebanon, Egypt, Jordan and Tunisia as well as representatives of the Bank and the International Monetary Fund." This article smells like our next announcement from IMF article 8 to Iraq is coming too...!!! IMO.
12-9-2017 Intel Guru Delta Article: “France is looking to expand investment cooperation with Iraq” Quote: "I can assure investors that the Central Bank has been able to remove the last restrictions related to the external transfer of the amounts that represent the proceeds of the investment.” VERY HUGE AND GOOD JOB...ARTICLE 8 RIGHT THERE... FREEDOM OF MOVEMENT OF CAPITOL.
12-9-2017 Newshound Guru Apmcrx Article: "Security Council issues a decision to exit Iraq from Chapter VII" Quote: "...remove Iraq from Chapter VII of the oil-for-food program and restore it to its natural status and international status..." Official announcement!!! Natural and International rate is coming!!! Imo.
12-9-2017 Intel/Newshound Guru tman23 [now we see is ISIS is/was the hold up, or if it was just more hopeful spec!] ...the CBI did say no monetary reform until the GOI has control over all provinces...which is why I believe the move by Iraq troops on Kurd borders was done...quite aggressive but no resistance from Erbil...and the CBI never dropped the opening of the branches in Kurdistan...so now we shall find out what lifting 3 zeros does... [post 2 of 2]
12-9-2017 Intel/Newshound Guru tman23 "Iraqi Prime Minister Haider al-Abadi on Saturday announced that the army forces had liberated the entire country from the Islamic State (IS)" ...SHOW US THE MONEY!!! "The Iraqi Prime Minister is expected to declare victory in an exclusive statement to the public later." [post 1 of 2....stay tuned]
12-9-2017 Newshound/Intel Guru Mnt Goat The banks also invested large amounts of capital in the new ATM machines and they too sit there out of use. We know the banks have been complaining to the CBI for taking so long with this redenomination process for these very reasons. But on the flip side the CBI, thru the mandated electronic banking practices, have done the banks a huge favor too since they are infusing large amounts of capital directly into the banks for meeting mandatory liquidity guidelines. The banks are going to make ton of money off this money on housing and auto loans. The banks are also assured they will manage a part of the reconstruction money once it becomes available... The bottom line is we hear all these complaints from the banking industry but the Iraqi banks are about to become FILTHY RICH! [post 2 of 2]
12-9-2017 Newshound/Intel Guru Mnt Goat Article: "UPGRADING OF IRAQI CURRENCY TO POLYMER" We...know that in 2013 the CBI conducted a study to determine the best and most secure banknotes. So we know by this article they had to trash all the newer banknotes already printed by the DR Shabibi era and print newer ones. Could this be one of the holdups to the RV? We also know by an article in 2015, that they decided on a German company to print the newer polymer banknotes. ...these banknotes were ready and delivered to the CBI in 2016 and in November of 2016 the CBI began selling them to the banks throughout Iraq and stockpiling them. Of course they did not just give the banks FREE money and the banks had to pay for the newer notes, thus the banks have all this capital tied up in these newer banknotes and can’t do a thing with them until allowed to. [post 1 of 2....stay tuned]
12-9-2017 Intel Guru Rayren98 PM ABADI ANNOUNCES COMPLETE LIBERATION OF IRAQ. The coming hours should bring promising information.
12-9-2017 Newshound Guru Walkingstick Like, I said...a sequence of events...Liberation, CH VII, Kuwait...Art VIII compliance...we await...1. [reference Apmcrx and Delta posts below...12-9-2017]
12-9-2017 Newshound Guru Apmcrx Article: "The Central Bank holds its third annual conference with an Arab and international presence" Quote: "the conference will witness a large Arab and international presence, including Kuwait, Lebanon, Egypt, Jordan and Tunisia as well as representatives of the Bank and the International Monetary Fund." This article smells like our next announcement from IMF article 8 to Iraq is coming too...!!! IMO.
12-9-2017 Intel Guru Delta Article: “France is looking to expand investment cooperation with Iraq” Quote: "I can assure investors that the Central Bank has been able to remove the last restrictions related to the external transfer of the amounts that represent the proceeds of the investment.” VERY HUGE AND GOOD JOB...ARTICLE 8 RIGHT THERE... FREEDOM OF MOVEMENT OF CAPITOL.
12-9-2017 Newshound Guru Apmcrx Article: "Security Council issues a decision to exit Iraq from Chapter VII" Quote: "...remove Iraq from Chapter VII of the oil-for-food program and restore it to its natural status and international status..." Official announcement!!! Natural and International rate is coming!!! Imo.
12-9-2017 Intel/Newshound Guru tman23 [now we see is ISIS is/was the hold up, or if it was just more hopeful spec!] ...the CBI did say no monetary reform until the GOI has control over all provinces...which is why I believe the move by Iraq troops on Kurd borders was done...quite aggressive but no resistance from Erbil...and the CBI never dropped the opening of the branches in Kurdistan...so now we shall find out what lifting 3 zeros does... [post 2 of 2]
12-9-2017 Intel/Newshound Guru tman23 "Iraqi Prime Minister Haider al-Abadi on Saturday announced that the army forces had liberated the entire country from the Islamic State (IS)" ...SHOW US THE MONEY!!! "The Iraqi Prime Minister is expected to declare victory in an exclusive statement to the public later." [post 1 of 2....stay tuned]
12-9-2017 Newshound/Intel Guru Mnt Goat The banks also invested large amounts of capital in the new ATM machines and they too sit there out of use. We know the banks have been complaining to the CBI for taking so long with this redenomination process for these very reasons. But on the flip side the CBI, thru the mandated electronic banking practices, have done the banks a huge favor too since they are infusing large amounts of capital directly into the banks for meeting mandatory liquidity guidelines. The banks are going to make ton of money off this money on housing and auto loans. The banks are also assured they will manage a part of the reconstruction money once it becomes available... The bottom line is we hear all these complaints from the banking industry but the Iraqi banks are about to become FILTHY RICH! [post 2 of 2]
12-9-2017 Newshound/Intel Guru Mnt Goat Article: "UPGRADING OF IRAQI CURRENCY TO POLYMER" We...know that in 2013 the CBI conducted a study to determine the best and most secure banknotes. So we know by this article they had to trash all the newer banknotes already printed by the DR Shabibi era and print newer ones. Could this be one of the holdups to the RV? We also know by an article in 2015, that they decided on a German company to print the newer polymer banknotes. ...these banknotes were ready and delivered to the CBI in 2016 and in November of 2016 the CBI began selling them to the banks throughout Iraq and stockpiling them. Of course they did not just give the banks FREE money and the banks had to pay for the newer notes, thus the banks have all this capital tied up in these newer banknotes and can’t do a thing with them until allowed to. [post 1 of 2....stay tuned]
12-8-2017 Intel Guru RayRen98 This should be an exciting weekend. The CBI is talking about the ‘international alliance’ and that all bank trainings are complete. Iraqi television says that the celebrations are starting up, with the first speeches to be at 2am EST for us. Also, the Iraqi television says “economic reforms coming within 24 hours.” The US banks are at an all-time high in terms of excitement; more than one source says that currency rates are blacked out because they expect a change. Tomorrow should be the day for us to determine what is going on, when, and who is going to go it. Our focus is on December 9 for the big speeches/ announcements, with celebrations for the next few days.
12-8-2017 Newshound Guru MilitiaMan Article Quotes: "The official ceremony will be held on Saturday at 11:00 am at the Al Rasheed Hotel" "The meetings of the symposiums and intellectual and research sessions will begin to discuss the future of security in the world and the role of the media in adhering to extremist ideology on Sunday" So it looks as though Saturday and or Sunday, may be good either way and it is Saturday now in Iraq.. imo
12-8-2017 Newshound/Intel Guru Mnt Goat So what do the people then use for currency? First – they lessening the need for any currency by the implementation of the new electronic banking practices we have been reading about; Second – they are launching other notes to use as they told us in this article namely the 1,000, 500 and 250 dinar categories. Third – We know from past articles new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins. The designs have been already chosen...and they are printed and minted...All of these categories, mentioned...are denominations that are in the final set of currencies that will REMAIN as permanent currency post RV. ...the CBI also told us that the older 3 zero notes will coincide and be in circulation with the newer 2017 notes for up to 10 years, but these notes will be mainly for inter-banking transactions and not intended for the general public use. ...if you read the history of the dinar since the invasion of 2003, you can see that the plan was never to go very long without replacing the currency and value. This is evident and proof by the 50 and 1000 banknotes and 250 and 500 fils already in circulation. [post 2 of 2]
12-8-2017 Newshound/Intel Guru Mnt Goat Article: "THE CENTRAL BANK HAS ANNOUNCED A TENDER FOR THE PRINTING OF NEW BANKNOTES (SMALL CATEGORIES) AT THE INTERNATIONAL PRINTING COMPANIES." ...those that do not know that to “tender an offer” means an offer to purchase. But we know they made this offer in 2015 and so the newly printed notes were delivered and they are now telling they distributed them to the banks (in exchange for banks assets) from Nov 2016 thru Nov 2017 and this effort has now concluded. I quote from article: “HAVE BEEN DISTRIBUTED AMOUNTS given to banks during the month of November last year." This is a WOW article. Amazing...! They are telling us they are launching these new notes to the banks now and have been loading the banks with them since last November. They even gave us the amounts they sold to the banks. Note they did not distribute any 10,000 (10K) or 25,000 (25k) three zero notes (the ones they want to delete) and this is very significant...they are slowly phasing them out. [post 1 of 2....stay tuned]
12-8-2017 Intel Guru Bruce What it amounts to is certain 3 letter agencies are giving Iraq the opportunity to go ahead to get that new rate out. We understand our exchanges are contingent on that happening. Once that occurs we should be able to go ahead and do the exchange for our currencies. That is very important to the timing for us. The stage is being set for Abadi’s finale announcement to be made again. We will have a final announcement coming over the weekend. AT that point we believe the new rate for the Iraqi dinar would be visible to the world internationally. Rates are good and continue to trade up. You are going to be happy. [post 2 of 2]
12-8-2017 Intel Guru Bruce Why would 92 countries represented with 113 companies have delegations from all those countries and companies represented to do business in Iraq and all arrived this afternoon in Iraq? Because...They wanted to do business in Iraq and they want to be invested in Iraq’s stock exchange for some of them. Maybe some of them want to be on the Iraqi stock exchange. Why are these representatives in Iraq for the next 3 days? They are there to sign contracts and engage in business with Iraq. Why would all of these countries and companies be represented in Iraq at this time? They might be there to witness to see what is happening for National Wedding Day on Saturday in Iraq and there to see if Iraq puts out a new rate for the Iraqi dinar over the weekend. [post 1 of 2....stay tuned]
12-8-2017 Newshound Guru MilitiaMan Article Quotes: "The official ceremony will be held on Saturday at 11:00 am at the Al Rasheed Hotel" "The meetings of the symposiums and intellectual and research sessions will begin to discuss the future of security in the world and the role of the media in adhering to extremist ideology on Sunday" So it looks as though Saturday and or Sunday, may be good either way and it is Saturday now in Iraq.. imo
12-8-2017 Newshound/Intel Guru Mnt Goat So what do the people then use for currency? First – they lessening the need for any currency by the implementation of the new electronic banking practices we have been reading about; Second – they are launching other notes to use as they told us in this article namely the 1,000, 500 and 250 dinar categories. Third – We know from past articles new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins. The designs have been already chosen...and they are printed and minted...All of these categories, mentioned...are denominations that are in the final set of currencies that will REMAIN as permanent currency post RV. ...the CBI also told us that the older 3 zero notes will coincide and be in circulation with the newer 2017 notes for up to 10 years, but these notes will be mainly for inter-banking transactions and not intended for the general public use. ...if you read the history of the dinar since the invasion of 2003, you can see that the plan was never to go very long without replacing the currency and value. This is evident and proof by the 50 and 1000 banknotes and 250 and 500 fils already in circulation. [post 2 of 2]
12-8-2017 Newshound/Intel Guru Mnt Goat Article: "THE CENTRAL BANK HAS ANNOUNCED A TENDER FOR THE PRINTING OF NEW BANKNOTES (SMALL CATEGORIES) AT THE INTERNATIONAL PRINTING COMPANIES." ...those that do not know that to “tender an offer” means an offer to purchase. But we know they made this offer in 2015 and so the newly printed notes were delivered and they are now telling they distributed them to the banks (in exchange for banks assets) from Nov 2016 thru Nov 2017 and this effort has now concluded. I quote from article: “HAVE BEEN DISTRIBUTED AMOUNTS given to banks during the month of November last year." This is a WOW article. Amazing...! They are telling us they are launching these new notes to the banks now and have been loading the banks with them since last November. They even gave us the amounts they sold to the banks. Note they did not distribute any 10,000 (10K) or 25,000 (25k) three zero notes (the ones they want to delete) and this is very significant...they are slowly phasing them out. [post 1 of 2....stay tuned]
12-8-2017 Intel Guru Bruce What it amounts to is certain 3 letter agencies are giving Iraq the opportunity to go ahead to get that new rate out. We understand our exchanges are contingent on that happening. Once that occurs we should be able to go ahead and do the exchange for our currencies. That is very important to the timing for us. The stage is being set for Abadi’s finale announcement to be made again. We will have a final announcement coming over the weekend. AT that point we believe the new rate for the Iraqi dinar would be visible to the world internationally. Rates are good and continue to trade up. You are going to be happy. [post 2 of 2]
12-8-2017 Intel Guru Bruce Why would 92 countries represented with 113 companies have delegations from all those countries and companies represented to do business in Iraq and all arrived this afternoon in Iraq? Because...They wanted to do business in Iraq and they want to be invested in Iraq’s stock exchange for some of them. Maybe some of them want to be on the Iraqi stock exchange. Why are these representatives in Iraq for the next 3 days? They are there to sign contracts and engage in business with Iraq. Why would all of these countries and companies be represented in Iraq at this time? They might be there to witness to see what is happening for National Wedding Day on Saturday in Iraq and there to see if Iraq puts out a new rate for the Iraqi dinar over the weekend. [post 1 of 2....stay tuned]
12-7-2017 Newshound Guru Kaperoni "Novosti: Iraq will announce the final victory on Saturday Daesh" Saturday is the day of celebration. The Syria Iraqi border is now secure.
12-7-2017 Newshound Guru Don961 Article: "Conditions of international criticism embarrass Abadi and expectations of passing the budget within a month" Quote: "The justification for the delayed arrival of the budget to the House of Representatives is due to the conditions of the International Monetary Fund, which may put the Prime Minister in a critical predicament if revealed," imo...is this not another incentive to get their economy in order...give international value to their currency...to follow the rules to facilitate International trade...for Iraq to get to their goal of International and regional prestige...and pride in their own independent, sovereign country...without the need for conditions being put on them by international agencies...and avoid these "embarrassing" situations...
12-7-2017 Newshound Guru Kaperoni Articles: "Infallible calls to unify the Iraqi banking system to promote the economic reality" "The central bank expands its activities in the Kurdistan Region" "Keywords shall notify the infallible of "special attention" to the work of the Central Bank of Kurdistan" What I like about these articles is that the GOI (infallible) is pushing for currency reform. This is a good sign.
12-7-2017 Intel Guru Delta Right now you think about it everybody is expecting that the valuation that the monetary reform is going to take place after the celebration but it could happen before too! Again, they are running out of time...
12-7-2017 Intel Guru Frank26 The economic reforms and the monetary reforms are about to explode. And I believe that Article VIII would be well accepted because that’s the only way these companies can do business with Iraq. And remember…what’s going to happen after this speech? What did he tell us? That as soon as he’s done with the speech, all heck will break loose. It seems like it’s already breaking loose.
12-7-2017 Intel Guru RayRen98 Iraqi TV was broadcasting...
1. "Welcome to all American companies coming to Iraq"
2. The IMF was reportedly stating that the Kurds will receive more than the 12% previously discussed in the upcoming budget. [As if we didn't already know that...LOL]
3. The Kurds have reportedly relinquished possession of all of the border areas that were in dispute.
Dinar rates are being reported from various bank sources ranging from $3.50 - $3.80 plus/minus awaiting final release authorization. Time Will Tell MORE and eventually tell it ALL.
12-7-2017 Newshound Guru Kaperoni I still believe the float,
and beginning of the removal of the larger notes will start soon (it has to if they are planning 2 years for this entire process). As the last economist wrote in his delete zeros article..."Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar," I do not think we can put a prediction on how fast it will rise. But it does appear they want to equal $1. [post 2 of 2]
12-7-2017 Newshound Guru Kaperoni Article: "Association of private banks: 3 million Iraqis will create a bank account during the next two Amyin" So they expect it to take up to 2 years to withdrawl 34 trillion dinars from the market. This to me would also include the delete zeros project. To clarify, I believe the process which is activation of the electronic banking, the float or deletion of zeros and the removal of chunky money 34 trillion will take 2 years. Previous articles on deleting zeros also mentioned a timeframe of 2 years (this to me is what Dr. Bakri was talking about in my interview when he referred to "treatment" on the dinar... So to me this is not a delay, but a schedule of sorts to complete the whole process. [post 1` of 2....stay tuned]
12-7-2017 Intel Guru Delta ...it looks like for some reason they moved that celebration date we were all interested in last week at that time...It looks like they had stuff to finish and make sure everything was good...And moved it to this coming week...all these different countries are going to come down and...the big celebration is on Saturday...about 100 countries, other nations coming down so this is not only the liberation I do believe it’s all about timing...he makes that announcement that they are fully liberated then he is going to go into the economic and monetary reforms. Abadi...wants to show to the world...we’re done. And the nations are waiting for that...because remember the Prime Minister...the leader of a nation comes out internationally and gives basically that speech that will give more confidence for investors. ...we don’t see any negative things...from the CBI...he said all the preparations are underway so when they make the decision it’s going to be easy to flip the switch and the numbers are right there internationally. So it’s all great and good information.
12-7-2017 Intel Guru Frank26 All the things we are seeing right now, they are long done! The only thing is the one on Saturday on the 9th when he is going to make the full announcement. But...they’re all done—all these steps everything that he’s [Guru Walkingstick] told us all of these last 4. 5 or 6 months.
12-7-2017 Newshound Guru Don961 Article: "Conditions of international criticism embarrass Abadi and expectations of passing the budget within a month" Quote: "The justification for the delayed arrival of the budget to the House of Representatives is due to the conditions of the International Monetary Fund, which may put the Prime Minister in a critical predicament if revealed," imo...is this not another incentive to get their economy in order...give international value to their currency...to follow the rules to facilitate International trade...for Iraq to get to their goal of International and regional prestige...and pride in their own independent, sovereign country...without the need for conditions being put on them by international agencies...and avoid these "embarrassing" situations...
12-7-2017 Newshound Guru Kaperoni Articles: "Infallible calls to unify the Iraqi banking system to promote the economic reality" "The central bank expands its activities in the Kurdistan Region" "Keywords shall notify the infallible of "special attention" to the work of the Central Bank of Kurdistan" What I like about these articles is that the GOI (infallible) is pushing for currency reform. This is a good sign.
12-7-2017 Intel Guru Delta Right now you think about it everybody is expecting that the valuation that the monetary reform is going to take place after the celebration but it could happen before too! Again, they are running out of time...
12-7-2017 Intel Guru Frank26 The economic reforms and the monetary reforms are about to explode. And I believe that Article VIII would be well accepted because that’s the only way these companies can do business with Iraq. And remember…what’s going to happen after this speech? What did he tell us? That as soon as he’s done with the speech, all heck will break loose. It seems like it’s already breaking loose.
12-7-2017 Intel Guru RayRen98 Iraqi TV was broadcasting...
1. "Welcome to all American companies coming to Iraq"
2. The IMF was reportedly stating that the Kurds will receive more than the 12% previously discussed in the upcoming budget. [As if we didn't already know that...LOL]
3. The Kurds have reportedly relinquished possession of all of the border areas that were in dispute.
Dinar rates are being reported from various bank sources ranging from $3.50 - $3.80 plus/minus awaiting final release authorization. Time Will Tell MORE and eventually tell it ALL.
12-7-2017 Newshound Guru Kaperoni I still believe the float,
and beginning of the removal of the larger notes will start soon (it has to if they are planning 2 years for this entire process). As the last economist wrote in his delete zeros article..."Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar," I do not think we can put a prediction on how fast it will rise. But it does appear they want to equal $1. [post 2 of 2]
12-7-2017 Newshound Guru Kaperoni Article: "Association of private banks: 3 million Iraqis will create a bank account during the next two Amyin" So they expect it to take up to 2 years to withdrawl 34 trillion dinars from the market. This to me would also include the delete zeros project. To clarify, I believe the process which is activation of the electronic banking, the float or deletion of zeros and the removal of chunky money 34 trillion will take 2 years. Previous articles on deleting zeros also mentioned a timeframe of 2 years (this to me is what Dr. Bakri was talking about in my interview when he referred to "treatment" on the dinar... So to me this is not a delay, but a schedule of sorts to complete the whole process. [post 1` of 2....stay tuned]
12-7-2017 Intel Guru Delta ...it looks like for some reason they moved that celebration date we were all interested in last week at that time...It looks like they had stuff to finish and make sure everything was good...And moved it to this coming week...all these different countries are going to come down and...the big celebration is on Saturday...about 100 countries, other nations coming down so this is not only the liberation I do believe it’s all about timing...he makes that announcement that they are fully liberated then he is going to go into the economic and monetary reforms. Abadi...wants to show to the world...we’re done. And the nations are waiting for that...because remember the Prime Minister...the leader of a nation comes out internationally and gives basically that speech that will give more confidence for investors. ...we don’t see any negative things...from the CBI...he said all the preparations are underway so when they make the decision it’s going to be easy to flip the switch and the numbers are right there internationally. So it’s all great and good information.
12-7-2017 Intel Guru Frank26 All the things we are seeing right now, they are long done! The only thing is the one on Saturday on the 9th when he is going to make the full announcement. But...they’re all done—all these steps everything that he’s [Guru Walkingstick] told us all of these last 4. 5 or 6 months.
12-6-2017 Intel Guru RayRen98 Citizens are getting additional information letting them know when to expect a rate change on the consumer level. So we are looking forward to the big event this weekend about the liberation of Iraq and a bit more than that, with hundreds of visitors, etc. It was suppose to be last weekend, but it now happening this week, with Saturday as the big event with announcements and so on. There might be a rate change even before this event kicks off, and also speculation about a rate change in the midst of this celebration, and also anticipation of the rate change immediately after Victory Week. The information I’ve received privately and what’s been put out publicly all seems to indicate that this should be an exciting weekend. We don’t know if we will be in the bank just yet, but there will be no doubt where we’re headed by Monday… [post 3 of 3]
12-6-2017 Intel Guru RayRen98 There are rates fluctuating in the system as we speak, plus another television report: the CBI Governor was talking about economic activity, and announcements on the 9th and 11th. This is Victory Week, with the big celebration on Saturday the 9th, starting at 11am Iraqi time. Abadi has referred to these celebrations, and said, “It is time to launch economic reforms” and said that Iraq is going to have an impact on the world. He said Iraq is also invoking Section 140 as part of the economic reforms. [post 2 of 3....stay tuned]
12-6-2017 Intel Guru RayRen98 It’s one thing to have one canary singing, or two, but when there are more canaries singing, then we really feel blessed. We did an update early this morning: PM Abadi on Iraqi TV stating the time has come to activate Article 140 and referenced things that need to take place for economic reforms to complete. The Central Bank has announced a tender for the printing of new banknotes...particularly SMALL NOTES [Either this is a new batch of lower denoms or maybe they are making it seem as if this is the first time printing such notes? When will they be released?] Basically this about the lower denominations, getting them into circulation and/or accounting for those that have already been printed. [post 1 of 3....stay tuned]
12-6-2017 Newshound Guru Adam Montana ...over in Iraq, we have a little more news than usual this week! It’s being rumored (some confirmed sources, some… not so confirmed) that there is a legitimate push to introduce new currency notes, presumably in smaller denominations. That’s not something you do unless you can establish a need for those smaller notes, which of course requires a stronger exchange rate. The Budget is likely to be finalized in February. I know that’s an eternity for some of us, but that’s the buzz. Unfortunately, I have nothing to report on the HCL. I’m hearing rumors, but nothing confirmed...
12-6-2017 Intel/Newshound Guru tman23 THE NEW CURRENCY MUST COME FIRST AND HAVE A RATE BETTER THEN 1184 OR A 25 NOTE IS WORTHLESS...i CAN SAY THE BANKS IN KURDISTAN ARE ALL COMMUNICATING WITH THE CBI AND FOLLOWING REGULATIONS...THE ATMS ARE PROGRAMMED TO GIVE OUT USD BUT NOT LOADED YET WITH USD...OPTION NOT YET ACTIVATED...WHICH TELLS ME IT WILL BE CLOSE TO 1-1 THE NEW LD TO THE USD.
12-6-2017 Intel Guru Bruce Saturday, December 9th is for Iraq National Wedding day. It is a day of unity in the Middle East...my understanding is 100 or more delegates from the Middle Eastern countries have been invited to come to Iraq in Baghdad for some form of get-to-gather. PM Abadi invited these people to be part of the Iraqi stock exchange ISX. The Iraqi dinar should be part of the parcel of the ISX tradability. They should be at a point now or any day now, maybe Thursday, when that rate is internationally known. ...They are done. They have completed everything they needed to be complete. When they got admitted into the World Trade Organization, when the United Nations released them from Chapter 7 and put them into Chapter 8 all these things. When the ISX opened last week sometime, all these things are signs Iraq’s sovereignty is there. Iraq is going to do something major on Saturday if they don’t do it sooner. [post 2 of 2]
12-6-2017 Intel Guru Bruce ...I was disappointed today because I was under the understanding we would start today with our exchanges. All the Intel was pointing to it today [Tuesday]. ...we started to get the reasons why it didn’t go as we thought. I am back in a positive mood and looking forward to everything coming thru for us. Iraq last week has made announcements. Prime Minister Abadi made announcements about their sovereignty, liberation, removal of ISIS, etc...We are not waiting on those announcements. They have some dates. They had the date December 2nd or 3rd for Iraq...the 5th was another point of intention. Then the 7th and then Saturday is another point of intention. [post 1 of 2....stay tuned]
12-6-2017 Newshound Guru Kaperoni [do you believe this is gonna happen?] well, it may not...in 4 months Iraq is hold elections...have you all read about Iran's influence in Iraq? They want to use the elections to get more control...the PM position and we all know Maliki is tight with Iran...so no, i am not sure we will see this happen. Iran needs to be booted. Ababi has a small window of opportunity to get this going. I have seen Maliki stop progress before. We would be fools to think we will see Abadi succeed without some resistance. The good news is the IMF is still pushing reforms forward.
12-6-2017 Intel Guru RayRen98 There are rates fluctuating in the system as we speak, plus another television report: the CBI Governor was talking about economic activity, and announcements on the 9th and 11th. This is Victory Week, with the big celebration on Saturday the 9th, starting at 11am Iraqi time. Abadi has referred to these celebrations, and said, “It is time to launch economic reforms” and said that Iraq is going to have an impact on the world. He said Iraq is also invoking Section 140 as part of the economic reforms. [post 2 of 3....stay tuned]
12-6-2017 Intel Guru RayRen98 It’s one thing to have one canary singing, or two, but when there are more canaries singing, then we really feel blessed. We did an update early this morning: PM Abadi on Iraqi TV stating the time has come to activate Article 140 and referenced things that need to take place for economic reforms to complete. The Central Bank has announced a tender for the printing of new banknotes...particularly SMALL NOTES [Either this is a new batch of lower denoms or maybe they are making it seem as if this is the first time printing such notes? When will they be released?] Basically this about the lower denominations, getting them into circulation and/or accounting for those that have already been printed. [post 1 of 3....stay tuned]
12-6-2017 Newshound Guru Adam Montana ...over in Iraq, we have a little more news than usual this week! It’s being rumored (some confirmed sources, some… not so confirmed) that there is a legitimate push to introduce new currency notes, presumably in smaller denominations. That’s not something you do unless you can establish a need for those smaller notes, which of course requires a stronger exchange rate. The Budget is likely to be finalized in February. I know that’s an eternity for some of us, but that’s the buzz. Unfortunately, I have nothing to report on the HCL. I’m hearing rumors, but nothing confirmed...
12-6-2017 Intel/Newshound Guru tman23 THE NEW CURRENCY MUST COME FIRST AND HAVE A RATE BETTER THEN 1184 OR A 25 NOTE IS WORTHLESS...i CAN SAY THE BANKS IN KURDISTAN ARE ALL COMMUNICATING WITH THE CBI AND FOLLOWING REGULATIONS...THE ATMS ARE PROGRAMMED TO GIVE OUT USD BUT NOT LOADED YET WITH USD...OPTION NOT YET ACTIVATED...WHICH TELLS ME IT WILL BE CLOSE TO 1-1 THE NEW LD TO THE USD.
12-6-2017 Intel Guru Bruce Saturday, December 9th is for Iraq National Wedding day. It is a day of unity in the Middle East...my understanding is 100 or more delegates from the Middle Eastern countries have been invited to come to Iraq in Baghdad for some form of get-to-gather. PM Abadi invited these people to be part of the Iraqi stock exchange ISX. The Iraqi dinar should be part of the parcel of the ISX tradability. They should be at a point now or any day now, maybe Thursday, when that rate is internationally known. ...They are done. They have completed everything they needed to be complete. When they got admitted into the World Trade Organization, when the United Nations released them from Chapter 7 and put them into Chapter 8 all these things. When the ISX opened last week sometime, all these things are signs Iraq’s sovereignty is there. Iraq is going to do something major on Saturday if they don’t do it sooner. [post 2 of 2]
12-6-2017 Intel Guru Bruce ...I was disappointed today because I was under the understanding we would start today with our exchanges. All the Intel was pointing to it today [Tuesday]. ...we started to get the reasons why it didn’t go as we thought. I am back in a positive mood and looking forward to everything coming thru for us. Iraq last week has made announcements. Prime Minister Abadi made announcements about their sovereignty, liberation, removal of ISIS, etc...We are not waiting on those announcements. They have some dates. They had the date December 2nd or 3rd for Iraq...the 5th was another point of intention. Then the 7th and then Saturday is another point of intention. [post 1 of 2....stay tuned]
12-6-2017 Newshound Guru Kaperoni [do you believe this is gonna happen?] well, it may not...in 4 months Iraq is hold elections...have you all read about Iran's influence in Iraq? They want to use the elections to get more control...the PM position and we all know Maliki is tight with Iran...so no, i am not sure we will see this happen. Iran needs to be booted. Ababi has a small window of opportunity to get this going. I have seen Maliki stop progress before. We would be fools to think we will see Abadi succeed without some resistance. The good news is the IMF is still pushing reforms forward.
12-5-2017 Intel Guru Delta Urgent from Iraqi TV: The Cenral bank has announced a tender for the printing of new banknotes (small categories) at the international companies. These were already printed but now they are informing the citizens of the lower denominations they will see shortly. THEY ARE PRINTING NEW NOTE...500, 1000 IS NOT NEW NOTE...Shhhhhhh
12-5-2017 Newshound Guru Kaperoni Article: "The central bank boosts banks local currencies from small groups" Quotes: "the printing of the Iraqi currency and replace it with cost amounts", calling on citizens to keen and maintain banknotes in circulation." "the central bank has to declare a tender for the printing of new cash papers (small groups) with the global printing companies." Small groups are fine to begin to float, get the big one's off the street. Replacement is common. Currency gets worn out and it is the job of the CBI to replace to maintain integrity. Especially when you are trying to build confidence. 250, 500 etc are low enough the CBI probably thinks it also supports the transition as well.
12-5-2017 Intel/Newshound Guru tman23 ...don't know why anyone would be down...they always said 3 zero must be lifted start of new year this is when all banks begin new books...
12-5-2017 Intel Guru RayRen98 [...Have they had the grand finale celebration for Victory Week?] That is this week: December 7-11, with the grand celebration falling on Saturday, I assume.
12-5-2017 Newshound Guru Kaperoni ...it is published both on the CBI and in IMF docs that 44 trillon is in circulation. There is only one solution...Reduce the physical paper and gradually raise the value via float...the dinar will float with a plan to equal $1. Its in print. You remove the larger 3 zero notes and introduce new smaller notes over time. This process deletes the zeros and raises the value. Latest economist article: "Today, we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar..." Iraq is not a candidate to LOP the Dinar... they have less than 2% inflation... maintained the peg. LOPs happen when monetary policy fails.
12-5-2017 Intel/Newshound Guru sandyf RV is taken to mean revaluation, there is no revaluation of a floating currency, it is appreciation. Revaluation is applied to a fixed exchange rate currency. [The value has been removed, it needs to be reinstated] The IQD has always been the national currency of Iraq, you cannot reinstate something that has not been removed. The value was not removed, it was altered and you cannot reinstate value, that would be a revaluation. ...the IQD is a fixed exchange rate currency regime so the options are revaluation and devaluation. People should bear in mind that devaluations are very much easier to apply than revaluation. This is why there has been some very large devaluations but only minor revaluations.
12-5-2017 Newshound Guru G-Lin Article: "The Central Bank strengthens banks in local currencies of small groups" Quotes: "...the printing of the Iraqi currency and replace them cost amounts," calling on citizens to maintain and maintain Bank notes when trading." "the Central Bank has announced a tender for the printing of new banknotes (small categories) in the printing companies of the world." Is this the beginning of distribution of L.D.'s? If so, they did it last month. It just doesn't make sense to me for CBI to go to the expense of printing 1000's and 500's based on today's value unless they intend to give them a higher value. It cost more to print them than they are worth. Of course they wouldn't tell us if they distributed anything smaller. That would tell us too much.
12-5-2017 Intel Guru Frank26 IMO this next speech coming up will fill in the gaps...IMO This speech will say, or had better say that they are completely liberated from ISIS. WS said to me “I told you that Abadi has to say it this Saturday ...Dec.9th”. IOO the USD and the IQD will depeg and enter a basket, then they will release the convertible currency which is a polymer note with the tower of Babylon on it. I think this Sat you will see the photo finish. IMO The lifting of the 3 zero's is all around us. Alak said they confirmed the FDIC Insurance is coming in... Remember that I told you after Mosul we will see the MR at the speed of light. IOO Pay attention to Alak. We are now seeing leaks, and these leaks have a purpose. IMO we are as close as water to water! [post 2 of 2]
12-5-2017 Intel Guru Frank26 Remember that speech from the University on Nov. 25th? ...[Guru] Walking Stick called me on the 26th and he gave me a report... We told you about that speech that is going to be called the National Wedding at Rasheed Hotel... It will be a five day event. There will be a military parade... and IOO ( in our opinion) we will see the second part of the speech on Dec 9th...They are expecting over 100 countries to this celebration ...It is called the Final victory speech...and as soon as Abadi makes that speech [Guru] Walkingstick will disappear because in his words… “all hell will break loose”. IOO - right after the speech they will announce the Economic Reform and Monetary Reform of their country...and they will tell the 100 countries attending to invest in the ISX. [post 1 of 2....stay tuned]
12-5-2017 Newshound Guru Kaperoni [where do you think the float will start at?] I expect it to start right where it is at 1184...may go up fast who knows. The CBI would be foolish to RV, to much money to be made off commission. The IMF wants currencies to float. [...could you please explain how this will work.] ...hard to know for sure but we will learn when it happens. I have my own guess...That the CBI will get in compliance with the IMF and accept Article VIII. Move to a float...and gradually remove the 3 zeros notes and the dinar rises in value. People dont realize the CBI needs a new exchange regime... choosing to float is a good thing...the CBI makes money...remember, if the CBI stops the auctions, they need to have an alternative. A float allows for the CBI to buy/sell and make commissions and its all about the money. Lets put it another way, you cannnot revalue 44 trillion dinar...thats 4 times the worlds money supply...no such event will ever occur.
12-5-2017 Intel Guru RayRen98 [Do YOU think it’s going to go this month? Or next month?] These people are manipulating this whole process to unfold the way THEY want it to unfold. The celebrations should have happened last week; now it’s this week. So I don’t have a gut feeling on any of this. I do believe it’s real, and it is happening, but as for when? That’s anyone’s guess.
12-5-2017 Newshound Guru Enorrste Article: "2018 will see a renaissance by making {in Iraq}" ["The Donald" doesn't strike me as a patient man and getting Iraq fully back in the game of money seems to be on the priority list.] I personally doubt that Trump has anything to do with this. The key player appears to be the IMF. Ever since they took over trusteeship of the CBI things have moved more quickly. At the same time, this article is referring to a process rather than an event, so I tend to agree with KAP [Guru Kaperoni] that it could take several months before we see much change in the structure of the economy in Iraq. Even the author of this piece refers only to a "hope" that the ball will get moving in the coming year. [reference Guru Kaperoni 12-3-2017 post...Article: "Expert for {morning}: 2018 will see a renaissance by making {in Iraq}"]
12-5-2017 Newshound Guru Kaperoni Article: "The central bank boosts banks local currencies from small groups" Quotes: "the printing of the Iraqi currency and replace it with cost amounts", calling on citizens to keen and maintain banknotes in circulation." "the central bank has to declare a tender for the printing of new cash papers (small groups) with the global printing companies." Small groups are fine to begin to float, get the big one's off the street. Replacement is common. Currency gets worn out and it is the job of the CBI to replace to maintain integrity. Especially when you are trying to build confidence. 250, 500 etc are low enough the CBI probably thinks it also supports the transition as well.
12-5-2017 Intel/Newshound Guru tman23 ...don't know why anyone would be down...they always said 3 zero must be lifted start of new year this is when all banks begin new books...
12-5-2017 Intel Guru RayRen98 [...Have they had the grand finale celebration for Victory Week?] That is this week: December 7-11, with the grand celebration falling on Saturday, I assume.
12-5-2017 Newshound Guru Kaperoni ...it is published both on the CBI and in IMF docs that 44 trillon is in circulation. There is only one solution...Reduce the physical paper and gradually raise the value via float...the dinar will float with a plan to equal $1. Its in print. You remove the larger 3 zero notes and introduce new smaller notes over time. This process deletes the zeros and raises the value. Latest economist article: "Today, we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar..." Iraq is not a candidate to LOP the Dinar... they have less than 2% inflation... maintained the peg. LOPs happen when monetary policy fails.
12-5-2017 Intel/Newshound Guru sandyf RV is taken to mean revaluation, there is no revaluation of a floating currency, it is appreciation. Revaluation is applied to a fixed exchange rate currency. [The value has been removed, it needs to be reinstated] The IQD has always been the national currency of Iraq, you cannot reinstate something that has not been removed. The value was not removed, it was altered and you cannot reinstate value, that would be a revaluation. ...the IQD is a fixed exchange rate currency regime so the options are revaluation and devaluation. People should bear in mind that devaluations are very much easier to apply than revaluation. This is why there has been some very large devaluations but only minor revaluations.
12-5-2017 Newshound Guru G-Lin Article: "The Central Bank strengthens banks in local currencies of small groups" Quotes: "...the printing of the Iraqi currency and replace them cost amounts," calling on citizens to maintain and maintain Bank notes when trading." "the Central Bank has announced a tender for the printing of new banknotes (small categories) in the printing companies of the world." Is this the beginning of distribution of L.D.'s? If so, they did it last month. It just doesn't make sense to me for CBI to go to the expense of printing 1000's and 500's based on today's value unless they intend to give them a higher value. It cost more to print them than they are worth. Of course they wouldn't tell us if they distributed anything smaller. That would tell us too much.
12-5-2017 Intel Guru Frank26 IMO this next speech coming up will fill in the gaps...IMO This speech will say, or had better say that they are completely liberated from ISIS. WS said to me “I told you that Abadi has to say it this Saturday ...Dec.9th”. IOO the USD and the IQD will depeg and enter a basket, then they will release the convertible currency which is a polymer note with the tower of Babylon on it. I think this Sat you will see the photo finish. IMO The lifting of the 3 zero's is all around us. Alak said they confirmed the FDIC Insurance is coming in... Remember that I told you after Mosul we will see the MR at the speed of light. IOO Pay attention to Alak. We are now seeing leaks, and these leaks have a purpose. IMO we are as close as water to water! [post 2 of 2]
12-5-2017 Intel Guru Frank26 Remember that speech from the University on Nov. 25th? ...[Guru] Walking Stick called me on the 26th and he gave me a report... We told you about that speech that is going to be called the National Wedding at Rasheed Hotel... It will be a five day event. There will be a military parade... and IOO ( in our opinion) we will see the second part of the speech on Dec 9th...They are expecting over 100 countries to this celebration ...It is called the Final victory speech...and as soon as Abadi makes that speech [Guru] Walkingstick will disappear because in his words… “all hell will break loose”. IOO - right after the speech they will announce the Economic Reform and Monetary Reform of their country...and they will tell the 100 countries attending to invest in the ISX. [post 1 of 2....stay tuned]
12-5-2017 Newshound Guru Kaperoni [where do you think the float will start at?] I expect it to start right where it is at 1184...may go up fast who knows. The CBI would be foolish to RV, to much money to be made off commission. The IMF wants currencies to float. [...could you please explain how this will work.] ...hard to know for sure but we will learn when it happens. I have my own guess...That the CBI will get in compliance with the IMF and accept Article VIII. Move to a float...and gradually remove the 3 zeros notes and the dinar rises in value. People dont realize the CBI needs a new exchange regime... choosing to float is a good thing...the CBI makes money...remember, if the CBI stops the auctions, they need to have an alternative. A float allows for the CBI to buy/sell and make commissions and its all about the money. Lets put it another way, you cannnot revalue 44 trillion dinar...thats 4 times the worlds money supply...no such event will ever occur.
12-5-2017 Intel Guru RayRen98 [Do YOU think it’s going to go this month? Or next month?] These people are manipulating this whole process to unfold the way THEY want it to unfold. The celebrations should have happened last week; now it’s this week. So I don’t have a gut feeling on any of this. I do believe it’s real, and it is happening, but as for when? That’s anyone’s guess.
12-5-2017 Newshound Guru Enorrste Article: "2018 will see a renaissance by making {in Iraq}" ["The Donald" doesn't strike me as a patient man and getting Iraq fully back in the game of money seems to be on the priority list.] I personally doubt that Trump has anything to do with this. The key player appears to be the IMF. Ever since they took over trusteeship of the CBI things have moved more quickly. At the same time, this article is referring to a process rather than an event, so I tend to agree with KAP [Guru Kaperoni] that it could take several months before we see much change in the structure of the economy in Iraq. Even the author of this piece refers only to a "hope" that the ball will get moving in the coming year. [reference Guru Kaperoni 12-3-2017 post...Article: "Expert for {morning}: 2018 will see a renaissance by making {in Iraq}"]
12-4-2017 Newshound/Intel Guru Mnt Goat 3. Two more ministries “bite the dust” and are now electronically paid thus not by cash (3 zero notes). ...they are telling us there is more confidence in the banks and at the same article they are talking about the citizens TRUSTING the banks. ...This is wonderful news, as we know they need to get all the ministries on the electronic banking in order to collect the amount of dinars needed out of circulation and keep them out of circulation forever. This reduces the money supply and we are told they need to reduce it by 2/3 prior to any RV (part of the “project of delete the zeros”... [post 2 of 2]
12-4-2017 Newshound/Intel Guru Mnt Goat Article: "THE RESETTLEMENT OF SALARIES OF STATE MINISTRIES EMPLOYEES" Quote: "...THE IMPLEMENTATION OF THE PROJECT TO SETTLE SALARIES FOR THE FIRST TWO MINISTRIES IN IRAQ, NAMELY ELECTRICITY AND OIL with the participation of a number of government and private banks." so only the electric and oil ministries were paid (or added to the ministry list of ministries now being paid). Why else is this article important? 1. It shows confidence in the banks. As Salem said. They need this for Economic STABILITY; 2. It is telling us Iraq can pay its bills on time as mandated by the IMF in their last SBA; [post 1 of 2....stay tuned]
12-4-2017 Newshound Guru Kaperoni I do like yesterdays signing with the IFC corp...that should help get investment going. ...a true private sector requires a banking system, dinar convertibility, article VIII etc. so you can get your profits out of Iraq if your an investor...freedom of movement of capital is a term that means money can flow in and out of Iraq and the worlds banking system...that is what IFC is for. [...the IMF, UN and World bank are in charge and nothing will happen until they say so.] i agree.
12-4-2017 Intel Guru RayRen98 Would they really have all these foreign visitors and hoopla to let people know that the country has been liberated? We already know that. The big celebration won’t just be about the liberation of Iraq; we already knew that. So they want to get that done and focus on corruption.The banks are saying that the salaries are being paid this week (in Iraq) with the amounts being changed from 30 million dinar to five million dinar. Did that many take a pay cut? Or has the value changed? Even though we don’t have hot smoking intel, we definitely have questions about things that don’t quite add up. I don’t know the rate and date. Sure, they say this date or that, and then that date comes along and it still hasn’t popped. However, I do know that it’s going to happen, although what day/week remains to be seen. [post 2 of 2]
12-4-2017 Intel Guru RayRen98 Some information came in over the weekend but we are waiting for confirmation. It was exciting, but not the RV announcement. The Iraqi Budget still has not been approved because there hasn’t been a quorum; there must be some aspect they want to have cleared up. Victory Week has now been announced at December 7—11, with special announcements on the 9th. Those should be about the liberation of the country and defeat of Da’esh, with nothing about the RV. From the information out there, they would have us believe that the RV will not happen until the first of the year. In spite of that, we still have banking folks telling us they are looking for something to happen possibly this week. So it’s a mixture of positions; we are definitely in wait-and-see mode, with the public sources saying one thing and the private ones something quite different. [post 1 of 2....stay tuned]
12-4-2017 Newshound Guru Enorrste Article: "Central Bank announces the launch of a deposit guarantee company soon" This is a key development in moving toward a float. Of course we are back to the word "soon" which is very similar to "in the coming days" which we have read over and over for years now. Let's just hope that "soon" means what WE understand by that word and that it isn't just more "Iraqi Speak".
12-4-2017 Newshound Guru Kaperoni Article: "Financial Advisor of the Association of Private Banks: capital of banks grew by 98% during the current year" One of the concerns of the IMF in the Article IV was that Iraq banks were undercapitalized. Another good sign they are preparing for international banking.
12-4-2017 Intel Guru Dr. Clarke ...maybe because it’s a SATURDAY, 2 days before the Big Day, and SANTA will be flying high, at RECORD SPEED, dropping Lower Denoms, turning off currency auctions and currency dealers, magically in RECORD TIME?...IL-Logically Speaking. [YOU DO NOT KNOW HOW HAPPY I WOULD BE WITH $.50 RV Figure.] you like .50 cents? Great...Santa likes FAR NORTH of that, due to OIL & GOLD Futures Skyrocketing up now, and into 2018 & beyond...thus, $1.00, $2.00, $3.00, $4.00+...what was that silly rate way back in 2002, 15 years ago? - $3.00+. P.S. SANTA says, “Hello”...he’s coming to Town...SOON! [post 2 of 2]
12-4-2017 Intel Guru Dr. Clarke We like DECEMBER 23, 2017 @ a probability rate of 99.999999% (because Everything in Life is a Probability. EVERYTHING)...and thus mainly why we wrote...in our JULY 7-27-17 Post: DECEMBER: “You’re Santa Clause" (or something similar). HOWEVER, it wouldn’t surprise us at all now, if they waited until 11:59 pm, on DECEMBER 31, 2017 (Iraq Time)...thus, WHY we wrote about January 1st, a few days ago, in our...Post...that’s “WHY”. [reference Dr. Clarke post 11-27-2017] IN ANY EVENT, that VERY LAST WEEK of DECEMBER 2017, is what we’re talking about, but we Really Really Really...like the 23rd for some reason. DECEMBER 23rd. [post 1 of 2....stay tuned]
12-4-2017 Newshound/Intel Guru Mnt Goat ...the CBI and the prime minister have BOTH told us that Iraq needs BOTH SECURITY and STABILITY to get these currency reform done. The hard part is we don’t have their definitive checklist on what THEY are calling secure and stable. ...the CBI has told us the SECURITY means fighting ISIS, getting rid of the unlawful militias and securing the Iraqi borders. So we can sense what they mean by this one. For STABILITY we were also told they need to fully implement their new constitution, get a functional government in place and most importantly CLEAN UP THE CORRUPTION. Don’t we now see all of these issues being taken care of even now with the start of the campaign against corruption? Yes – the news now is all about the new war in Iraq – the war on corruption. We have waited so long to see this.
12-4-2017 Newshound/Intel Guru Mnt Goat Article: "THE RESETTLEMENT OF SALARIES OF STATE MINISTRIES EMPLOYEES" Quote: "...THE IMPLEMENTATION OF THE PROJECT TO SETTLE SALARIES FOR THE FIRST TWO MINISTRIES IN IRAQ, NAMELY ELECTRICITY AND OIL with the participation of a number of government and private banks." so only the electric and oil ministries were paid (or added to the ministry list of ministries now being paid). Why else is this article important? 1. It shows confidence in the banks. As Salem said. They need this for Economic STABILITY; 2. It is telling us Iraq can pay its bills on time as mandated by the IMF in their last SBA; [post 1 of 2....stay tuned]
12-4-2017 Newshound Guru Kaperoni I do like yesterdays signing with the IFC corp...that should help get investment going. ...a true private sector requires a banking system, dinar convertibility, article VIII etc. so you can get your profits out of Iraq if your an investor...freedom of movement of capital is a term that means money can flow in and out of Iraq and the worlds banking system...that is what IFC is for. [...the IMF, UN and World bank are in charge and nothing will happen until they say so.] i agree.
12-4-2017 Intel Guru RayRen98 Would they really have all these foreign visitors and hoopla to let people know that the country has been liberated? We already know that. The big celebration won’t just be about the liberation of Iraq; we already knew that. So they want to get that done and focus on corruption.The banks are saying that the salaries are being paid this week (in Iraq) with the amounts being changed from 30 million dinar to five million dinar. Did that many take a pay cut? Or has the value changed? Even though we don’t have hot smoking intel, we definitely have questions about things that don’t quite add up. I don’t know the rate and date. Sure, they say this date or that, and then that date comes along and it still hasn’t popped. However, I do know that it’s going to happen, although what day/week remains to be seen. [post 2 of 2]
12-4-2017 Intel Guru RayRen98 Some information came in over the weekend but we are waiting for confirmation. It was exciting, but not the RV announcement. The Iraqi Budget still has not been approved because there hasn’t been a quorum; there must be some aspect they want to have cleared up. Victory Week has now been announced at December 7—11, with special announcements on the 9th. Those should be about the liberation of the country and defeat of Da’esh, with nothing about the RV. From the information out there, they would have us believe that the RV will not happen until the first of the year. In spite of that, we still have banking folks telling us they are looking for something to happen possibly this week. So it’s a mixture of positions; we are definitely in wait-and-see mode, with the public sources saying one thing and the private ones something quite different. [post 1 of 2....stay tuned]
12-4-2017 Newshound Guru Enorrste Article: "Central Bank announces the launch of a deposit guarantee company soon" This is a key development in moving toward a float. Of course we are back to the word "soon" which is very similar to "in the coming days" which we have read over and over for years now. Let's just hope that "soon" means what WE understand by that word and that it isn't just more "Iraqi Speak".
12-4-2017 Newshound Guru Kaperoni Article: "Financial Advisor of the Association of Private Banks: capital of banks grew by 98% during the current year" One of the concerns of the IMF in the Article IV was that Iraq banks were undercapitalized. Another good sign they are preparing for international banking.
12-4-2017 Intel Guru Dr. Clarke ...maybe because it’s a SATURDAY, 2 days before the Big Day, and SANTA will be flying high, at RECORD SPEED, dropping Lower Denoms, turning off currency auctions and currency dealers, magically in RECORD TIME?...IL-Logically Speaking. [YOU DO NOT KNOW HOW HAPPY I WOULD BE WITH $.50 RV Figure.] you like .50 cents? Great...Santa likes FAR NORTH of that, due to OIL & GOLD Futures Skyrocketing up now, and into 2018 & beyond...thus, $1.00, $2.00, $3.00, $4.00+...what was that silly rate way back in 2002, 15 years ago? - $3.00+. P.S. SANTA says, “Hello”...he’s coming to Town...SOON! [post 2 of 2]
12-4-2017 Intel Guru Dr. Clarke We like DECEMBER 23, 2017 @ a probability rate of 99.999999% (because Everything in Life is a Probability. EVERYTHING)...and thus mainly why we wrote...in our JULY 7-27-17 Post: DECEMBER: “You’re Santa Clause" (or something similar). HOWEVER, it wouldn’t surprise us at all now, if they waited until 11:59 pm, on DECEMBER 31, 2017 (Iraq Time)...thus, WHY we wrote about January 1st, a few days ago, in our...Post...that’s “WHY”. [reference Dr. Clarke post 11-27-2017] IN ANY EVENT, that VERY LAST WEEK of DECEMBER 2017, is what we’re talking about, but we Really Really Really...like the 23rd for some reason. DECEMBER 23rd. [post 1 of 2....stay tuned]
12-4-2017 Newshound/Intel Guru Mnt Goat ...the CBI and the prime minister have BOTH told us that Iraq needs BOTH SECURITY and STABILITY to get these currency reform done. The hard part is we don’t have their definitive checklist on what THEY are calling secure and stable. ...the CBI has told us the SECURITY means fighting ISIS, getting rid of the unlawful militias and securing the Iraqi borders. So we can sense what they mean by this one. For STABILITY we were also told they need to fully implement their new constitution, get a functional government in place and most importantly CLEAN UP THE CORRUPTION. Don’t we now see all of these issues being taken care of even now with the start of the campaign against corruption? Yes – the news now is all about the new war in Iraq – the war on corruption. We have waited so long to see this.
12-3-2017 Newshound Guru Kaperoni Article: "The Central Bank signs a governance services agreement with the International Finance Corporation (IFC)" Quote: "IFC provides investment, advice, and asset management. Our investment and advice can be tailored to a client’s specific needs, and in ways that add value. Our ability to attract other investors brings additional benefits, introducing our clients to new sources of capital and better ways of doing business." This is huge. Partnering with IFC will help them launch the banking system, and encourage investment.
12-3-2017 Newshound/Intel Guru Mnt Goat So, some asked questions on the repayment end date of the $4.6 billion in war reparations to Kuwait. Many asked if we have to wait then to 2021 to see the RV. Folks $4.6 billion is a drop in a bucket for Iraq to repay. They already paid nearly 2/3 of the amount owed. I sincerely believe we will not have to wait that long for them to complete these payments. Does the CBI want go until 2021 without an international currency and get those ...3 zero notes off the streets? Absolutely not! This is not part of their plan. ...let’s wait and see if the CBI does, in fact, begin the campaign to re-educate the citizens on their next move in the “project to delete the zeros”.
12-3-2017 Newshound Guru Kaperoni Activities are beginning to pick up at the central bank as banking and investment events happen. CBI announces the imminent launch of deposit insurance. One thing the CBI has stated is they want to use this deposit insurance as a means to reduce the money supply. If true, I cannot see the CBI activating deposit insurance and letting the currency collected recirculate. So we may see the float begin soon. The next few weeks will be telling as to the plans CBI and currency reform.
12-3-2017 Newshound Guru G-Lin A well-informed political source reveals the "identity" of the two companies that the Abadi government contracted with to help fill corruption files... Article quote: "A source familiar with the political, on Sunday, that two companies are conducting the verification of files of corruption in Iraq since 2003. The source said in a press statement that 'two companies, one American and one British are conducting the audit files corruption in Iraq since 2003 so far, and its task to detect corruption and identify the identities of those involved." The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations. International investigators will assist the Iraqi government in uncovering the fate of Iraq's $ 361 billion budget deficit between 2004 and 2014.
12-3-2017 Newshound Guru Kaperoni Article: "Expert for {morning}: 2018 will see a renaissance by making {in Iraq}" Quote: "the government has worked during the last term on the advancement of the industry through a partnership with the private sector, but the move has seen a delay because of the war on terror, but we hope to be activated during the next year" [2018 it is.] I dont like to get overly excited. This could take another 3-6 months before they get into Article VIII and begin to float. Nothing moves fast in Iraq. But we can hope.
12-3-2017 Intel Guru Dr. Clarke YOUR WISH WILL COME TRUE, IN DECEMBER 2017. MAKE NO MISTAKE.
12-3-2017 Newshound/Intel Guru Mnt Goat So, some asked questions on the repayment end date of the $4.6 billion in war reparations to Kuwait. Many asked if we have to wait then to 2021 to see the RV. Folks $4.6 billion is a drop in a bucket for Iraq to repay. They already paid nearly 2/3 of the amount owed. I sincerely believe we will not have to wait that long for them to complete these payments. Does the CBI want go until 2021 without an international currency and get those ...3 zero notes off the streets? Absolutely not! This is not part of their plan. ...let’s wait and see if the CBI does, in fact, begin the campaign to re-educate the citizens on their next move in the “project to delete the zeros”.
12-3-2017 Newshound Guru Kaperoni Activities are beginning to pick up at the central bank as banking and investment events happen. CBI announces the imminent launch of deposit insurance. One thing the CBI has stated is they want to use this deposit insurance as a means to reduce the money supply. If true, I cannot see the CBI activating deposit insurance and letting the currency collected recirculate. So we may see the float begin soon. The next few weeks will be telling as to the plans CBI and currency reform.
12-3-2017 Newshound Guru G-Lin A well-informed political source reveals the "identity" of the two companies that the Abadi government contracted with to help fill corruption files... Article quote: "A source familiar with the political, on Sunday, that two companies are conducting the verification of files of corruption in Iraq since 2003. The source said in a press statement that 'two companies, one American and one British are conducting the audit files corruption in Iraq since 2003 so far, and its task to detect corruption and identify the identities of those involved." The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations. International investigators will assist the Iraqi government in uncovering the fate of Iraq's $ 361 billion budget deficit between 2004 and 2014.
12-3-2017 Newshound Guru Kaperoni Article: "Expert for {morning}: 2018 will see a renaissance by making {in Iraq}" Quote: "the government has worked during the last term on the advancement of the industry through a partnership with the private sector, but the move has seen a delay because of the war on terror, but we hope to be activated during the next year" [2018 it is.] I dont like to get overly excited. This could take another 3-6 months before they get into Article VIII and begin to float. Nothing moves fast in Iraq. But we can hope.
12-3-2017 Intel Guru Dr. Clarke YOUR WISH WILL COME TRUE, IN DECEMBER 2017. MAKE NO MISTAKE.
12-2-2017 Newshound Guru Kaperoni Article: "Central Bank announces the launch of a deposit guarantee company soon" Quote: "The Central Bank of Iraq announced the imminent launch of a deposit insurance company after its establishment." imminent launch! This is significant, I cannot see the CBI drawing in all these physical notes and letting them just go back into circulation. We may see the float begin soon. "has been completed to establish a deposit insurance company, which will be launched very soon , " I like this! Meaning it is done!
12-2-2017 Intel Guru RayRen98 [After they vote on the Budget, do they have to publish it in the Gazette before it’s official?] That’s a confirmation, but they don’t have to publish something to initiate it. The Gazette is just proof that it exists, but Parliament can start a process at any time after they vote. All the Budget is doing is to confirm the rate we heard. It doesn’t prevent the revaluation from happening. We’re looking extremely good.
12-2-2017 Newshound Guru My Ladies Currently the dinar is trading on Forex with no price change, and has been for a long time. The situation remains that it is not accepted by most central banks as currency due to the volatility in the area. I am simply waiting for the ECB or the Fed to accept it and then there will be opportunities for dinar holders that are not still under the fairy dust spell and expecting to become millionaires overnight. I do not see any price increase in the dinar until their gdp begins to grow at which point the price of their currency will gradually increase fractionally slow by slow.
12-2-2017 Intel/Newshound Guru tman23 [Seems to me the big(gest) question may be from what point of value does the float start? The fractional "negative" value of 1,250 or a " positive " value of say, .10 cents...?] ...no float with 3 zero notes in circulation...unless they lift the 3 zeros from the notes at exchange...with lower denoms out they are worthless at 1,250...and a 10 cent starting point is pointless...so $1 makes sense and the lifting of 3 zeros... [What if the lower denoms are not circulated. What makes .10 a pointless beginning?] Giving change in the market place... they are ready to riot over 10 cents price change in market goods...the cbi has had a making change issue for last couple years
12-2-2017 Newshound Guru Kaperoni Article: "A global institution classified as the governor of the Iraqi Central Bank Governor of the worst in the Middle East" I saw a post today...that that the CBI reserves were up to 49 billion. If so, he has improved them 6 billion in the last month or so. At this point, we have to hope that the IMF, WB are in to this Stand by Agreement enough to know if Allaq is going to follow the guidence or not. It's been 2 years under their toolage so we should wait and see if currency reform is going to happen. One thing is for sure, if they don't open the banking system and have currency reform, there is no investment for the private sector. If Abadi wants to get re-elected, he better show progress to the people.
12-2-2017 Newshound/Intel Guru Mnt Goat Today I...took the time to call Iraq and talk to my CBI contact. They assured me they do not plan to revalue this year 2017 anytime. They also said they DO HAVE A TARGET DATE in mind and are working towards it. So this in itself was VERY GOOD NEWS to my ears. In fact, I am very excited now! What is the target date? All I can get from them was they said “wait for the re-education of the general public to take place and you may get an idea of when”. They do not want any speculation on their currency and are being very, very cautious at this time.
12-2-2017 Intel Guru RayRen98 We are getting reports of a rate of 2:1, eventually shifting to 3:1; we don’t know the timing on that, but I’m okay with the source even though we cannot confirm that publicly, yet. Other information says that emails have gone out to the banking community with instructions to commence exchanging IQD. It doesn’t say exactly when, and I assume it meant ‘upon receipt’, but banks have not started exchanging yet, apparently. I think they are waiting for the December 2 announcement to fall in line, so we might be seeing that tomorrow [Saturday], with everything clicking out on December 2. [post 2 of 2]
12-2-2017 Intel Guru RayRen98 The canary is still singing, and other canaries have joined the group. We’re still waiting for the Fat Lady, but so long as the canaries are singing, I’m happy. There are a few things that should have been made public by now, but we’ll go with what we have, information-wise. The 2018 Budget I talked about on Wednesday was submitted to Parliament for a vote, but they didn’t have the quorum necessary to have a productive session. That may have possibly changed today [Friday]. As far as the speeches from last Saturday and Sunday by Abadi, one was given and it seemed like an RI was generated from that, and then another one was given to clarify that this is an RV. However, they don’t seem to be out there publicly for people to read and review. My sources have told me that, and these announcements are supposedly saying that everything is targeted to happen on or before December 2... [post 1 of 2....stay tuned]
12-2-2017 Newshound Guru G-Lin Abadi has a ridiculously tough job and I don't think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran's influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful
12-2-2017 Intel Guru RayRen98 [After they vote on the Budget, do they have to publish it in the Gazette before it’s official?] That’s a confirmation, but they don’t have to publish something to initiate it. The Gazette is just proof that it exists, but Parliament can start a process at any time after they vote. All the Budget is doing is to confirm the rate we heard. It doesn’t prevent the revaluation from happening. We’re looking extremely good.
12-2-2017 Newshound Guru My Ladies Currently the dinar is trading on Forex with no price change, and has been for a long time. The situation remains that it is not accepted by most central banks as currency due to the volatility in the area. I am simply waiting for the ECB or the Fed to accept it and then there will be opportunities for dinar holders that are not still under the fairy dust spell and expecting to become millionaires overnight. I do not see any price increase in the dinar until their gdp begins to grow at which point the price of their currency will gradually increase fractionally slow by slow.
12-2-2017 Intel/Newshound Guru tman23 [Seems to me the big(gest) question may be from what point of value does the float start? The fractional "negative" value of 1,250 or a " positive " value of say, .10 cents...?] ...no float with 3 zero notes in circulation...unless they lift the 3 zeros from the notes at exchange...with lower denoms out they are worthless at 1,250...and a 10 cent starting point is pointless...so $1 makes sense and the lifting of 3 zeros... [What if the lower denoms are not circulated. What makes .10 a pointless beginning?] Giving change in the market place... they are ready to riot over 10 cents price change in market goods...the cbi has had a making change issue for last couple years
12-2-2017 Newshound Guru Kaperoni Article: "A global institution classified as the governor of the Iraqi Central Bank Governor of the worst in the Middle East" I saw a post today...that that the CBI reserves were up to 49 billion. If so, he has improved them 6 billion in the last month or so. At this point, we have to hope that the IMF, WB are in to this Stand by Agreement enough to know if Allaq is going to follow the guidence or not. It's been 2 years under their toolage so we should wait and see if currency reform is going to happen. One thing is for sure, if they don't open the banking system and have currency reform, there is no investment for the private sector. If Abadi wants to get re-elected, he better show progress to the people.
12-2-2017 Newshound/Intel Guru Mnt Goat Today I...took the time to call Iraq and talk to my CBI contact. They assured me they do not plan to revalue this year 2017 anytime. They also said they DO HAVE A TARGET DATE in mind and are working towards it. So this in itself was VERY GOOD NEWS to my ears. In fact, I am very excited now! What is the target date? All I can get from them was they said “wait for the re-education of the general public to take place and you may get an idea of when”. They do not want any speculation on their currency and are being very, very cautious at this time.
12-2-2017 Intel Guru RayRen98 We are getting reports of a rate of 2:1, eventually shifting to 3:1; we don’t know the timing on that, but I’m okay with the source even though we cannot confirm that publicly, yet. Other information says that emails have gone out to the banking community with instructions to commence exchanging IQD. It doesn’t say exactly when, and I assume it meant ‘upon receipt’, but banks have not started exchanging yet, apparently. I think they are waiting for the December 2 announcement to fall in line, so we might be seeing that tomorrow [Saturday], with everything clicking out on December 2. [post 2 of 2]
12-2-2017 Intel Guru RayRen98 The canary is still singing, and other canaries have joined the group. We’re still waiting for the Fat Lady, but so long as the canaries are singing, I’m happy. There are a few things that should have been made public by now, but we’ll go with what we have, information-wise. The 2018 Budget I talked about on Wednesday was submitted to Parliament for a vote, but they didn’t have the quorum necessary to have a productive session. That may have possibly changed today [Friday]. As far as the speeches from last Saturday and Sunday by Abadi, one was given and it seemed like an RI was generated from that, and then another one was given to clarify that this is an RV. However, they don’t seem to be out there publicly for people to read and review. My sources have told me that, and these announcements are supposedly saying that everything is targeted to happen on or before December 2... [post 1 of 2....stay tuned]
12-2-2017 Newshound Guru G-Lin Abadi has a ridiculously tough job and I don't think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran's influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful
12-1-2017 Intel Guru Dr. Clarke DECEMBER 2017...Remember what we wrote, way back this Summer, in our 7-27-17 Post...about DECEMBER. "DECEMBER - You’re “Santa Claus” (or something similar)" We have Not, and will Not Change.
12-1-2017 Newshound Guru mike Article: "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction" You can't turn off the auction's...the dollar is the gas in the engine. If they stopped the auction's now without the benefit of Article VIII, how would they pay for their imports? Iraq produces almost nothing right now outside of oil, there's no demand for the dinar and Egypt, Turkey, Jordan and Iran won't take it, they want greenbacks for the goods they import into Iraq. There's no easy solution, it's going to cause some pain. Stop the corruption, legislate deposit security with the private banks, empower the open market economy and then, before we know it, they'll create an economy where the world wants something other than oil from the Iraqi people. Or not. And they'll burn through their reserves and the economy will collapse. As always, it's just an opinion. Who knows, with political will, they could turn this around pretty quickly.
12-1-2017 Newshound/Intel Guru Mnt Goat This is all an Article 140 issue and as I said many times will all come out and a law has to be passed in parliament to end this dispute. But my point is you have to see the connection as to why the budget is delayed when you read these articles. You must remember the news from the past. I also want to remind everyone that this is the reason for the delay in the budget... [post 2 of 2]
12-1-2017 Newshound/Intel Guru Mnt Goat "THE REASONS FOR DELAYING THE ADOPTION OF THE BUDGET AND ITS RETURN TO THE NEW GOVERNMENT RELATED TO THE EXISTENCE OF ERRORS AND VOLATILITY OF OIL PRICES BETWEEN THE RISE AND DECLINE DURING THE PAST PERIOD, AS WELL AS ERRORS IN THE COLLECTION PROCESS." I hope everyone makes the connection to the delay in getting the budget out and the Sept 25th referendum of Kurdistan? We also know that 36 oil wells were under the direct control of Barzani and he and Maliki (at one point) were stealing oil wealth from Iraq out of these wells. These wells had to be taken back. This oil is now under the control of the GOI as this area is now secured by the GOI. [post 1 of 2....stay tuned]
12-1-2017 Intel Guru RayRen98 THINGS ARE LOOKING "VERY" GOOD FOR NEXT WEEK!!!!$$$$$$$$$
12-1-2017 Newshound Guru Kaperoni We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning. From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking. But this takes time to implement and activate. Not to mention the CBI still has work to do to be in compliance with the IMF. The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year. With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment
12-1-2017 Intel Guru Frank26 When [Guru] Walkingstick told me what they were thinking about I was shocked. Walkingstick told me how bad it has been negotiating with the Iraqi officials (it is just their style). Now, everybody needs to thank Walkingstick for this next part...All accounting has been figured at $2.00 to 1 dinar and next week they are to do the accounting at 3:1 (as in $3.00 to 1 dinar). The only reason I could give out this rate information is because this is now public information in Iraq.
12-1-2017 Intel Guru Bruce I was advised Intel wise to lay low... Don’t say a whole lot because where we are and we are so close. A lot is going on behind the scenes. I will just say this, when it comes to Iraq, Iraq is the lead dog on this. Let’s release this. Iraqi stock exchange, ISX, closed for about 6 days. They are opening up their ISX tomorrow [Friday] approximately 9am Iraqi time. Do you realize they suppose to have their new rate showing? That program rate we have seen for so long is gone and the new rate is in. That allows a lot more people to see it and trade on it and bring the value of the dinar up even higher. I am just going to say there are a number of things happening today [Thursday] are moving this thing to fruition...we should have a good holiday season this year. I am not saying we will have to wait till then, but we are on an hour to hour time frame right now.
12-1-2017 Newshound Guru Walkingstick I told Frank [Guru Frank26] over a month ago that part of the delay is that they have been arguing over the rate that they are wanting to come out. IMO They are planning or wanting to come out above $1.
12-1-2017 Newshound Guru Kaperoni So what is the Balassa-Samuelson effect hypothesis? We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement...(gradual appreciation) [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.
12-1-2017 Newshound Guru mike Article: "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction" You can't turn off the auction's...the dollar is the gas in the engine. If they stopped the auction's now without the benefit of Article VIII, how would they pay for their imports? Iraq produces almost nothing right now outside of oil, there's no demand for the dinar and Egypt, Turkey, Jordan and Iran won't take it, they want greenbacks for the goods they import into Iraq. There's no easy solution, it's going to cause some pain. Stop the corruption, legislate deposit security with the private banks, empower the open market economy and then, before we know it, they'll create an economy where the world wants something other than oil from the Iraqi people. Or not. And they'll burn through their reserves and the economy will collapse. As always, it's just an opinion. Who knows, with political will, they could turn this around pretty quickly.
12-1-2017 Newshound/Intel Guru Mnt Goat This is all an Article 140 issue and as I said many times will all come out and a law has to be passed in parliament to end this dispute. But my point is you have to see the connection as to why the budget is delayed when you read these articles. You must remember the news from the past. I also want to remind everyone that this is the reason for the delay in the budget... [post 2 of 2]
12-1-2017 Newshound/Intel Guru Mnt Goat "THE REASONS FOR DELAYING THE ADOPTION OF THE BUDGET AND ITS RETURN TO THE NEW GOVERNMENT RELATED TO THE EXISTENCE OF ERRORS AND VOLATILITY OF OIL PRICES BETWEEN THE RISE AND DECLINE DURING THE PAST PERIOD, AS WELL AS ERRORS IN THE COLLECTION PROCESS." I hope everyone makes the connection to the delay in getting the budget out and the Sept 25th referendum of Kurdistan? We also know that 36 oil wells were under the direct control of Barzani and he and Maliki (at one point) were stealing oil wealth from Iraq out of these wells. These wells had to be taken back. This oil is now under the control of the GOI as this area is now secured by the GOI. [post 1 of 2....stay tuned]
12-1-2017 Intel Guru RayRen98 THINGS ARE LOOKING "VERY" GOOD FOR NEXT WEEK!!!!$$$$$$$$$
12-1-2017 Newshound Guru Kaperoni We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning. From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking. But this takes time to implement and activate. Not to mention the CBI still has work to do to be in compliance with the IMF. The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year. With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment
12-1-2017 Intel Guru Frank26 When [Guru] Walkingstick told me what they were thinking about I was shocked. Walkingstick told me how bad it has been negotiating with the Iraqi officials (it is just their style). Now, everybody needs to thank Walkingstick for this next part...All accounting has been figured at $2.00 to 1 dinar and next week they are to do the accounting at 3:1 (as in $3.00 to 1 dinar). The only reason I could give out this rate information is because this is now public information in Iraq.
12-1-2017 Intel Guru Bruce I was advised Intel wise to lay low... Don’t say a whole lot because where we are and we are so close. A lot is going on behind the scenes. I will just say this, when it comes to Iraq, Iraq is the lead dog on this. Let’s release this. Iraqi stock exchange, ISX, closed for about 6 days. They are opening up their ISX tomorrow [Friday] approximately 9am Iraqi time. Do you realize they suppose to have their new rate showing? That program rate we have seen for so long is gone and the new rate is in. That allows a lot more people to see it and trade on it and bring the value of the dinar up even higher. I am just going to say there are a number of things happening today [Thursday] are moving this thing to fruition...we should have a good holiday season this year. I am not saying we will have to wait till then, but we are on an hour to hour time frame right now.
12-1-2017 Newshound Guru Walkingstick I told Frank [Guru Frank26] over a month ago that part of the delay is that they have been arguing over the rate that they are wanting to come out. IMO They are planning or wanting to come out above $1.
12-1-2017 Newshound Guru Kaperoni So what is the Balassa-Samuelson effect hypothesis? We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement...(gradual appreciation) [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.
11-30-2017 Intel/Newshound Guru sandyf Guru Kaperoni quote: "Once they float, it may take 6 months to a year to get to $1" With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month. In reality a float would be more like 6 years to a lifetime.
11-30-2017 Intel Guru Delta I have no idea what they are still waiting for because even Allak has shown the IMF they have completed everything. They are running out of reserves and Abadi is not going to let this fall apart, no way no how. Abadi is an economist so he knows what is going on...he was at one time the Minister of Finance.
11-30-2017 Newshound Guru Kaperoni Here is a quote from a 2007 article... "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." And this from a recent delete zeros article: "Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar...". There is no mention of anything overnight. [...assuming these articles are correct and not trying to mislead, you feel it will reach 1-1 in a years time?] yes. [post 3 of 3]
11-30-2017 Newshound Guru Breitling ...2018 is going to be a good year so stick around…If this goes “sideways”, I have no problem telling you this is going sideways. I don’t have an ego to where I don’t want to be wrong. It has nothing to do with that. If it doesn’t come up I’m going to take my dinar and convert it into something else. If I need to get out I’ll get out and I’ll tell everyone I’m getting out of it when I do…I’m all about reality. So have confidence, what’s coming down the road is phenomenal… [Post 3 of 3]
11-30-2017 Newshound Guru Kaperoni The CBI could never RV the dinar. If the CBI wants international commerce, they need to float the dinar and let the world set the rate. You need to understand that Iraq is in a closed monetary system at the time being. Until they meet the conditions set forth by the IMF for Article VIII compliance they will not move from that. And currently they have at least 2 condition keeping them in Article XIV. They owe money to Jordan and they are well over 8% out of compliance on managing the spread which is the difference between the official rate and market rate. Going back several years the plan has always been to gradual raise the value to equal $1. [post 2 of 3....stay tuned]
11-30-2017 Newshound Guru Kaperoni ...there is no RV its a hoax...currencies do not work that way. [SO NO RV? WE HAVE BEEN SCAMMED?] if you been told the dinar will RV, then yes you been scammed. I've been in this way too long. There is no such thing as a "program rate"... Yes, the IMF has ask the CBI to lower the rate in 2015, but there was a specific reason for that documented in the Article IV consultation. More importantly, if you read the most recent delete zeros article, they confirm the dinar will rise "gradually". If you read the IMF docs, and other news reports you would know the dinar is going to leave the Peg at some point and float. In doing so, the value will rise based on supply and demand. The value will rise, just not overnight...there will be no running to banks to cash out...thats all bs. Once they float, it may take 6 months to a year to get to $1...they never said that would happen overnight! [post 1 of 3....stay tuned]
11-30-2017 Newshound Guru Breiting ...They told everybody what they want to do. So the next question for you is, “alright how do you believe them?” It’s because they’ve hit every benchmark that they need to hit. The markets haven’t cooperated with them very much but they’ve done everything they need to do. It’s remarkable what they’ve done. That’s what gives me so much confidence…So I understand what they want to do. I understand the policy that gets them there. And I understand the principles and why they want to do it and the timeframe in which they want to do it and what they CAN do… [Post 2 of 3 Stay tuned for the rest of the story]
11-30-2017 Intel Guru RayRen98 [You said $3.63 is the rate in the Budget; is that also the rate that the dinar will revalue? Or will it float? Also, what is the difference between an RI and an RV?] Yes, that is the rate Iraq is calculating to operate their country at, so that is the rate. Yes, it can still go higher, as the markets kick in. An RI is a re-instatement; the RV is a re-value. The RI takes it back to where it was, and the RV could take it to a totally different rate. [reference RayRen98 post 11-30-2017]
11-30-2017 Intel Guru Frank26 The IMF and the World Bank are warning Iraq that they need to stop the currency auctions and raise the rate. The IMF know the greatest point of corruption is occurring in the auctions. Based on their reserves, [Guru] Delta calculates they need to do this ASAP. They have about $43 billion in reserves, but if it drops to $36 billion the IMF says they are in trouble because $7 billion is not enough of a pad, especially since their burn rate is several billion USD/month. IMO They were worried about leakage of bank secrets from the third meeting and they are seeing that now. IOO The bank openings in neighboring countries indicates they are done. Everything is all set to go but they just now need to show it to us.
11-30-2017 Newshound/Intel Guru Mnt Goat So what happened to this “speech” Abadi was supposed to give, that would kick off a series of events to begin the RV? Since Saturday Abadi has actually given four speeches to the news media. I keep telling you there is no single event that is going to trigger the RV. The RV is not managed by the Government of Iraq (GOI) meaning the prime minister Abadi has little control over it other than for the Finance Ministry to give it final approval, when ready. The GOI also has the responsibility to initiate the reforms, fund them and implement them. That is it. The GOI does not set monetary policy for Iraq. ...it is the Central Bank of Iraq (an independent organization) that manages the monetary policy of Iraq.
11-30-2017 Newshound Guru Breiting [What are you looking at that makes you KNOW they want to revalue?] The parliament, The Ministry of Finance, The Ministry of Planning, The Central Bank of Iraq and they’ve been yelling at the top of their lungs. They even told the IMF what they wanted to do within a certain timeframe and the IMF said fine…as long as you pay the bills you guys are going to be fine…none of this is opinion…As far as the investment in the Iraqi Dinar on a timeframe I’m speculating 100% for sure. But that’s a timeframe. As far as it gaining value to what I think? No, it’s not speculation. [Post 1 of 3 Stay tuned for the rest of the story]
11-30-2017 Intel Guru RayRen98 In addition to that, the elusive speeches from last weekend are now public. The first one was given, and there was some confusion about whether the RI was actually being put out there for public consumption, so there was a subsequent announcement. Probably the transcripts will be available after we no longer need to see them! But that is darned good information especially with the other parts we cannot bring out at this moment. I have two dates that I’m very interested in: November 30 and December 2. I am waiting for further confirmations and details on those dates. Do whatever you need to do to be ready because this is not a dress rehearsal, this is the real deal. [post 2 of 2]
11-30-2017 Intel Guru RayRen98 "The canary is starting to sing… next should be the Fat Lady?” You all know the phrase, “It ain’t over til the Fat Lady sings”, and then it’s all over bar the shouting. There is some intel I cannot share with you at this time, but in due time all will come to light. The 2018 Budget has been sent to Parliament, and probably been approved with the rate of $3.63 cents in it. Numbers have been modified from billions down to millions because of the rate adjustment. We are waiting for it to be represented in the CBI now. I believe there are some public articles referring to that rate of $3.63 re: the Budget in Parliament. We’ve been talking about a rate of $3.71, but they are working with $3.63, and it could bounce up. We know the market will probably push it up... [post 1 of 2....stay tuned]
11-30-2017 Newshound Guru G-Lin One thing seems obvious to me and that is an involvement with W.B. and IMF like I've never seen before. And it is also obvious that Iraq is trying to move to an open economy. They must stop that insane auction in order to do that and have a currency change. That should be done for the investors. They are just chomping at the bit to enter Iraq with a vengeance. They want protection for their money from the corrupt. Iraq is moving at a pretty good pace here at the end of the year. All we can do is watch and see what Parl. and CBI will be able to accomplish. I think the corruption is the biggest enemy of Iraq, but IMF and W.B. are on it. That's encouraging. [post 3 of 3]
11-30-2017 Newshound Guru G-Lin There are many parts to this budget and they are trying to tie it all together which is not easy. The Kurdistan share is difficult to agree on. Abadi seems to be more interested in getting Barzani instead of the Maliki. Actually they both need to be brought to justice. I think the month of Dec. may be interesting. The budget may not make it parl. before Feb. I'm not sure yet. Remember the budget is retroactive so it really doesn't matter when they bring it out. Of course, we would like to see it open up on the first of the year, and it might. [post 2 of 3....stay tuned]
11-30-2017 Intel Guru Delta I have no idea what they are still waiting for because even Allak has shown the IMF they have completed everything. They are running out of reserves and Abadi is not going to let this fall apart, no way no how. Abadi is an economist so he knows what is going on...he was at one time the Minister of Finance.
11-30-2017 Newshound Guru Kaperoni Here is a quote from a 2007 article... "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one." And this from a recent delete zeros article: "Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar...". There is no mention of anything overnight. [...assuming these articles are correct and not trying to mislead, you feel it will reach 1-1 in a years time?] yes. [post 3 of 3]
11-30-2017 Newshound Guru Breitling ...2018 is going to be a good year so stick around…If this goes “sideways”, I have no problem telling you this is going sideways. I don’t have an ego to where I don’t want to be wrong. It has nothing to do with that. If it doesn’t come up I’m going to take my dinar and convert it into something else. If I need to get out I’ll get out and I’ll tell everyone I’m getting out of it when I do…I’m all about reality. So have confidence, what’s coming down the road is phenomenal… [Post 3 of 3]
11-30-2017 Newshound Guru Kaperoni The CBI could never RV the dinar. If the CBI wants international commerce, they need to float the dinar and let the world set the rate. You need to understand that Iraq is in a closed monetary system at the time being. Until they meet the conditions set forth by the IMF for Article VIII compliance they will not move from that. And currently they have at least 2 condition keeping them in Article XIV. They owe money to Jordan and they are well over 8% out of compliance on managing the spread which is the difference between the official rate and market rate. Going back several years the plan has always been to gradual raise the value to equal $1. [post 2 of 3....stay tuned]
11-30-2017 Newshound Guru Kaperoni ...there is no RV its a hoax...currencies do not work that way. [SO NO RV? WE HAVE BEEN SCAMMED?] if you been told the dinar will RV, then yes you been scammed. I've been in this way too long. There is no such thing as a "program rate"... Yes, the IMF has ask the CBI to lower the rate in 2015, but there was a specific reason for that documented in the Article IV consultation. More importantly, if you read the most recent delete zeros article, they confirm the dinar will rise "gradually". If you read the IMF docs, and other news reports you would know the dinar is going to leave the Peg at some point and float. In doing so, the value will rise based on supply and demand. The value will rise, just not overnight...there will be no running to banks to cash out...thats all bs. Once they float, it may take 6 months to a year to get to $1...they never said that would happen overnight! [post 1 of 3....stay tuned]
11-30-2017 Newshound Guru Breiting ...They told everybody what they want to do. So the next question for you is, “alright how do you believe them?” It’s because they’ve hit every benchmark that they need to hit. The markets haven’t cooperated with them very much but they’ve done everything they need to do. It’s remarkable what they’ve done. That’s what gives me so much confidence…So I understand what they want to do. I understand the policy that gets them there. And I understand the principles and why they want to do it and the timeframe in which they want to do it and what they CAN do… [Post 2 of 3 Stay tuned for the rest of the story]
11-30-2017 Intel Guru RayRen98 [You said $3.63 is the rate in the Budget; is that also the rate that the dinar will revalue? Or will it float? Also, what is the difference between an RI and an RV?] Yes, that is the rate Iraq is calculating to operate their country at, so that is the rate. Yes, it can still go higher, as the markets kick in. An RI is a re-instatement; the RV is a re-value. The RI takes it back to where it was, and the RV could take it to a totally different rate. [reference RayRen98 post 11-30-2017]
11-30-2017 Intel Guru Frank26 The IMF and the World Bank are warning Iraq that they need to stop the currency auctions and raise the rate. The IMF know the greatest point of corruption is occurring in the auctions. Based on their reserves, [Guru] Delta calculates they need to do this ASAP. They have about $43 billion in reserves, but if it drops to $36 billion the IMF says they are in trouble because $7 billion is not enough of a pad, especially since their burn rate is several billion USD/month. IMO They were worried about leakage of bank secrets from the third meeting and they are seeing that now. IOO The bank openings in neighboring countries indicates they are done. Everything is all set to go but they just now need to show it to us.
11-30-2017 Newshound/Intel Guru Mnt Goat So what happened to this “speech” Abadi was supposed to give, that would kick off a series of events to begin the RV? Since Saturday Abadi has actually given four speeches to the news media. I keep telling you there is no single event that is going to trigger the RV. The RV is not managed by the Government of Iraq (GOI) meaning the prime minister Abadi has little control over it other than for the Finance Ministry to give it final approval, when ready. The GOI also has the responsibility to initiate the reforms, fund them and implement them. That is it. The GOI does not set monetary policy for Iraq. ...it is the Central Bank of Iraq (an independent organization) that manages the monetary policy of Iraq.
11-30-2017 Newshound Guru Breiting [What are you looking at that makes you KNOW they want to revalue?] The parliament, The Ministry of Finance, The Ministry of Planning, The Central Bank of Iraq and they’ve been yelling at the top of their lungs. They even told the IMF what they wanted to do within a certain timeframe and the IMF said fine…as long as you pay the bills you guys are going to be fine…none of this is opinion…As far as the investment in the Iraqi Dinar on a timeframe I’m speculating 100% for sure. But that’s a timeframe. As far as it gaining value to what I think? No, it’s not speculation. [Post 1 of 3 Stay tuned for the rest of the story]
11-30-2017 Intel Guru RayRen98 In addition to that, the elusive speeches from last weekend are now public. The first one was given, and there was some confusion about whether the RI was actually being put out there for public consumption, so there was a subsequent announcement. Probably the transcripts will be available after we no longer need to see them! But that is darned good information especially with the other parts we cannot bring out at this moment. I have two dates that I’m very interested in: November 30 and December 2. I am waiting for further confirmations and details on those dates. Do whatever you need to do to be ready because this is not a dress rehearsal, this is the real deal. [post 2 of 2]
11-30-2017 Intel Guru RayRen98 "The canary is starting to sing… next should be the Fat Lady?” You all know the phrase, “It ain’t over til the Fat Lady sings”, and then it’s all over bar the shouting. There is some intel I cannot share with you at this time, but in due time all will come to light. The 2018 Budget has been sent to Parliament, and probably been approved with the rate of $3.63 cents in it. Numbers have been modified from billions down to millions because of the rate adjustment. We are waiting for it to be represented in the CBI now. I believe there are some public articles referring to that rate of $3.63 re: the Budget in Parliament. We’ve been talking about a rate of $3.71, but they are working with $3.63, and it could bounce up. We know the market will probably push it up... [post 1 of 2....stay tuned]
11-30-2017 Newshound Guru G-Lin One thing seems obvious to me and that is an involvement with W.B. and IMF like I've never seen before. And it is also obvious that Iraq is trying to move to an open economy. They must stop that insane auction in order to do that and have a currency change. That should be done for the investors. They are just chomping at the bit to enter Iraq with a vengeance. They want protection for their money from the corrupt. Iraq is moving at a pretty good pace here at the end of the year. All we can do is watch and see what Parl. and CBI will be able to accomplish. I think the corruption is the biggest enemy of Iraq, but IMF and W.B. are on it. That's encouraging. [post 3 of 3]
11-30-2017 Newshound Guru G-Lin There are many parts to this budget and they are trying to tie it all together which is not easy. The Kurdistan share is difficult to agree on. Abadi seems to be more interested in getting Barzani instead of the Maliki. Actually they both need to be brought to justice. I think the month of Dec. may be interesting. The budget may not make it parl. before Feb. I'm not sure yet. Remember the budget is retroactive so it really doesn't matter when they bring it out. Of course, we would like to see it open up on the first of the year, and it might. [post 2 of 3....stay tuned]
11-29-2017 Newshound Guru G-Lin Article: "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction" IMO the World Bank and IMF are very much involved with the preparation of this [2018] budget. It seems they are telling the Central Bank and the Gov. to stop the auctions. This contributes to the majority of the corruption in Iraq. It always has been an avenue for the whales {Maliki and Co.} among others, to control the black market through imports. I think the corruption is a target for W.B. and IMF. They are pushing Abadi to open up "Made in Iraq" legislature to move to an open market which will increase exports and contribute additional income for non-oil profits. This is mandatory for an increase in value of their currency imo. [post 1 of 3....stay tuned]
11-29-2017 Newshound Guru Adam Montana There is some positive news to be discussed regarding the Dinar...I'm confident that I've done all I can do to prepare for a huge increase in the dinar, I'm very excited for it to happen...There is still a great opportunity for massive gains on the IQD...I know, it's crazy to think that the Dinar could ever go from it's current level to .10, $1, or higher... but...We need HCL news. Period.
11-29-2017 Intel Guru Frank26 Abadi said he is ready to stop the auctions.
11-29-2017 Intel Guru Bruce What else has happened with Iraqi’s CBI? They have put in their new Swift Codes. The Swift System was sort of integrated into the Cips System. The bankers call it the new Swift System...that makes all these transfers of funds, wire transfers happen so quickly now. ...they have been testing it for months now and have been sending tranches of funds daily. We heard 2 to 3 more tranches of funds have been sent to the banks to be there for our exchanges. ...Iraq’s new Swift Codes are in place and they are ready to do wires in CBI starting tonight [Tuesday]. That is super positive. If you can do a wire transfer from CBI, that is about as international as you can get. You have a new rate, CBI rate, and the ability to send and receive bank wires transfers through the CBI new as of midnight Iraqi time today. There you have it. I would say Iraq is ready to go. I know it didn’t happen before Thanksgiving and cyber Monday. All I can say we are at a defining moment... and we are understanding it is a go very shortly. [post 2 of 2]
11-29-2017 Intel Guru Bruce This is why I am very excited. We are looking very, very good... You guys remember we talked about 4 days of celebration that suppose to go from Saturday to Tuesday? They actually started Friday evening with fireworks. As far as I know they are complete now. They may extend those beyond the 4 days and have every reason to do that. They call it Iraq’s victory week. Why they call it a victory? It is because they are done. Prime Minister Abadi made his speech last Wednesday before Thanksgiving about the liberation of Iraq, etc. He made another live speech yesterday [Monday]. I understand the speech will be posted in Iraq’s official publication, the Gazette, tomorrow. The new rate for the Iraqi dinar, which I understand what it is now, maybe they will put that in tomorrow. I don’t know that. [post 1 of 2....stay tuned]
11-29-2017 Intel/Newshound Guru sandyf There is no Global Currency reset as currencies reset daily thru currency trading. - That is not strictly true. 50 years ago this month the UK government devalued the GBP by 14% and initiated a partial global reset. At that point in time the GBP was still the primary reserve currency and all countries with GBP reserves had to reset their exchange rates. If the US today devalued the $ by 14% there would be virtually a full global reset. Any significant change in a reserve currency has a widespread knock on effect.
11-29-2017 Newshound/Intel Guru Mnt Goat 7) I quote – “The bottom line is that it is necessary to adopt the Central Bank of Iraq for the project to delete the zeros and work on its implementation from now in order to achieve the objectives of reducing the size of the monetary mass” So we know they MUST do this project to delete the zeros now and continue on it until it is completed. 8) I quote... – “AND REQUIRED A MEDIA PROGRAM TO DEVOTE CONVICTIONS TO THE IMPORTANCE OF THIS PROJECT”. NO re-education yet thus NO RV! ...the CBI MUST RE-EDUCATE THE GENERAL POPULOUS PRIOR TO ANY RV HAPPENING? ...I told you this was not from my OPINION but it came directly from my CBI contact. I am excited as to what may come this December. Are they going to move forward with a possible January 2018 RV target? If so they will have to do the re-education process very soon. I do still think this may be a target but let’s not rush to hype. If they do not re-educate in December then we can forget an EARLY 2018 RV. [post 3 of 3]
11-29-2017 Newshound/Intel Guru Mnt Goat 4) I quote: “lead to the adoption of consideration of this project and STUDY THE POSSIBILITY OF ITS APPLICATION DURING THE YEAR 2018 as one of the basics of monetary and banking reform” So we know this is part of the monetary and banking reforms still to be completed. Here we go again. Will they do it in 2018? So we now know 2017 is out. The RV is NOT going to happen in 2017... 5) I quote: “reducing the exchange rate of the dollar gradually after the challenge of security will devote convictions and accept the deletion of zeros” So they are saying to reduce the program rate gradually. Probably come out around 1:1 - IQD:USD. 6) I quote: “to reduce from 200 thousand to 100 dollars to 120 thousand dinars and the goal to reach 100 thousand Dinars but circumstances prevented timely completion of the gradual reduction.” I have been telling everyone all along the CBI has told us they first need to reduce the money supply of the older 3 zero notes in circulation by 2/3. So this article now confirms that statement. They are not quite there yet but close. [post 2 of 3....stay tuned]
11-29-2017 Newshound Guru Breitling There’s never been an “In country revaluation”. That’s the most retarded thing I’ve ever heard in my life. You can’t have a currency where it’s one price in one country and another price in another country. And all the rest of the world is a different price. How does that work? If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency. If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it? So that’s stupid and doesn’t make any sense.
11-29-2017 Newshound/Intel Guru Mnt Goat Article: "RETURN OF THE SUBJECT DELETE THE ZEROS TO THE FOREFRONT" ...this article is not the CBI talking but one of the leading Iraqi economic analysts talking to us. 1) It is saying we are now about to begin to enter 2018 so where is the project to delete the zeros? ...They know it was held up due to “security reasons” so now that those security reasons no longer exist or are winding down, how about resurrecting this effort? 2) It says Iraq is now at a crossroads and about to begin a new era of economic growth. Can it be done without also bringing back the dinar to its past glory? 3) It says it is difficult to keep using the US dollar for outside trading (as we know is only mandated due to Chapter VII financial sanctions put on Iraq). Is it time now to get our real dinar back? [post 1 of 3....stay tuned]
11-29-2017 Newshound Guru Kaperoni Article: "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction" My take on this...the IMF is warning Iraq that if you continue to let the reserves erode you will risk the collapse of the economy. More importantly it once again confirms the plan to float the dinar. ...we don’t want a managed float or a peg...we want the global financial system to set the rate. And that only happens with a free float. Iraq needs to create momentum, then they can let it go and watch it rise.
11-29-2017 Newshound Guru Adam Montana There is some positive news to be discussed regarding the Dinar...I'm confident that I've done all I can do to prepare for a huge increase in the dinar, I'm very excited for it to happen...There is still a great opportunity for massive gains on the IQD...I know, it's crazy to think that the Dinar could ever go from it's current level to .10, $1, or higher... but...We need HCL news. Period.
11-29-2017 Intel Guru Frank26 Abadi said he is ready to stop the auctions.
11-29-2017 Intel Guru Bruce What else has happened with Iraqi’s CBI? They have put in their new Swift Codes. The Swift System was sort of integrated into the Cips System. The bankers call it the new Swift System...that makes all these transfers of funds, wire transfers happen so quickly now. ...they have been testing it for months now and have been sending tranches of funds daily. We heard 2 to 3 more tranches of funds have been sent to the banks to be there for our exchanges. ...Iraq’s new Swift Codes are in place and they are ready to do wires in CBI starting tonight [Tuesday]. That is super positive. If you can do a wire transfer from CBI, that is about as international as you can get. You have a new rate, CBI rate, and the ability to send and receive bank wires transfers through the CBI new as of midnight Iraqi time today. There you have it. I would say Iraq is ready to go. I know it didn’t happen before Thanksgiving and cyber Monday. All I can say we are at a defining moment... and we are understanding it is a go very shortly. [post 2 of 2]
11-29-2017 Intel Guru Bruce This is why I am very excited. We are looking very, very good... You guys remember we talked about 4 days of celebration that suppose to go from Saturday to Tuesday? They actually started Friday evening with fireworks. As far as I know they are complete now. They may extend those beyond the 4 days and have every reason to do that. They call it Iraq’s victory week. Why they call it a victory? It is because they are done. Prime Minister Abadi made his speech last Wednesday before Thanksgiving about the liberation of Iraq, etc. He made another live speech yesterday [Monday]. I understand the speech will be posted in Iraq’s official publication, the Gazette, tomorrow. The new rate for the Iraqi dinar, which I understand what it is now, maybe they will put that in tomorrow. I don’t know that. [post 1 of 2....stay tuned]
11-29-2017 Intel/Newshound Guru sandyf There is no Global Currency reset as currencies reset daily thru currency trading. - That is not strictly true. 50 years ago this month the UK government devalued the GBP by 14% and initiated a partial global reset. At that point in time the GBP was still the primary reserve currency and all countries with GBP reserves had to reset their exchange rates. If the US today devalued the $ by 14% there would be virtually a full global reset. Any significant change in a reserve currency has a widespread knock on effect.
11-29-2017 Newshound/Intel Guru Mnt Goat 7) I quote – “The bottom line is that it is necessary to adopt the Central Bank of Iraq for the project to delete the zeros and work on its implementation from now in order to achieve the objectives of reducing the size of the monetary mass” So we know they MUST do this project to delete the zeros now and continue on it until it is completed. 8) I quote... – “AND REQUIRED A MEDIA PROGRAM TO DEVOTE CONVICTIONS TO THE IMPORTANCE OF THIS PROJECT”. NO re-education yet thus NO RV! ...the CBI MUST RE-EDUCATE THE GENERAL POPULOUS PRIOR TO ANY RV HAPPENING? ...I told you this was not from my OPINION but it came directly from my CBI contact. I am excited as to what may come this December. Are they going to move forward with a possible January 2018 RV target? If so they will have to do the re-education process very soon. I do still think this may be a target but let’s not rush to hype. If they do not re-educate in December then we can forget an EARLY 2018 RV. [post 3 of 3]
11-29-2017 Newshound/Intel Guru Mnt Goat 4) I quote: “lead to the adoption of consideration of this project and STUDY THE POSSIBILITY OF ITS APPLICATION DURING THE YEAR 2018 as one of the basics of monetary and banking reform” So we know this is part of the monetary and banking reforms still to be completed. Here we go again. Will they do it in 2018? So we now know 2017 is out. The RV is NOT going to happen in 2017... 5) I quote: “reducing the exchange rate of the dollar gradually after the challenge of security will devote convictions and accept the deletion of zeros” So they are saying to reduce the program rate gradually. Probably come out around 1:1 - IQD:USD. 6) I quote: “to reduce from 200 thousand to 100 dollars to 120 thousand dinars and the goal to reach 100 thousand Dinars but circumstances prevented timely completion of the gradual reduction.” I have been telling everyone all along the CBI has told us they first need to reduce the money supply of the older 3 zero notes in circulation by 2/3. So this article now confirms that statement. They are not quite there yet but close. [post 2 of 3....stay tuned]
11-29-2017 Newshound Guru Breitling There’s never been an “In country revaluation”. That’s the most retarded thing I’ve ever heard in my life. You can’t have a currency where it’s one price in one country and another price in another country. And all the rest of the world is a different price. How does that work? If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency. If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it? So that’s stupid and doesn’t make any sense.
11-29-2017 Newshound/Intel Guru Mnt Goat Article: "RETURN OF THE SUBJECT DELETE THE ZEROS TO THE FOREFRONT" ...this article is not the CBI talking but one of the leading Iraqi economic analysts talking to us. 1) It is saying we are now about to begin to enter 2018 so where is the project to delete the zeros? ...They know it was held up due to “security reasons” so now that those security reasons no longer exist or are winding down, how about resurrecting this effort? 2) It says Iraq is now at a crossroads and about to begin a new era of economic growth. Can it be done without also bringing back the dinar to its past glory? 3) It says it is difficult to keep using the US dollar for outside trading (as we know is only mandated due to Chapter VII financial sanctions put on Iraq). Is it time now to get our real dinar back? [post 1 of 3....stay tuned]
11-29-2017 Newshound Guru Kaperoni Article: "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction" My take on this...the IMF is warning Iraq that if you continue to let the reserves erode you will risk the collapse of the economy. More importantly it once again confirms the plan to float the dinar. ...we don’t want a managed float or a peg...we want the global financial system to set the rate. And that only happens with a free float. Iraq needs to create momentum, then they can let it go and watch it rise.
11-28-2017 Intel Guru Frank26 IMO Abadi said two months ago that he would declare independence at the end of November and he counted it down to days, and then to hours, then to Saturday.
11-28-2017 Newshound/Intel Guru Mnt Goat Finally, they are now considering once again moving ahead with the project. We know that when they do this they will quickly move to the last phase and this includes a significant rate increase over the program rate. We also know this will be preceded, if not coincided with the launching of the rest of the set of the lower denominations. So these are events to watch for. Remember, they already launched some of these notes in earlier years in anticipation of the RV back then and had real targets that could not come to fortition. [post 3 of 3]
11-28-2017 Newshound/Intel Guru Mnt Goat The reason why I feeling excited now is NOT that I expect an RV any day /every day as imminent (simply not true) but is because they had projected in the past when they would conclude the project many times already and in April they finally had to come out give us a realistic timeframe – which was “THEY DON’T KNOW”. Can’t be any more honest than that? However, they also said (and this is the important part), that they postponed it due to SECURITY reasons as to why they did not do it in EARLY 2017 as they announced they would. The security issue revolved around fighting of the ISIS and Daesh terrorist organizations in Iraq. [post 2 of 3....stay tuned]
11-28-2017 Newshound/Intel Guru Mnt Goat ...today I have some very exciting news to share with everyone. It is about the “PROJECT TO DELETE THE ZEROS”. We know that the RV will come as a result of this project to delete the zeros. This last phase of the project is the conclusion of the long-awaited revaluation of the Iraqi dinar. Yes – this is the part we have been waiting for and will get us the RV thus go to the bank. But still not yet. Why? ...the last time we heard from the CBI on this project to delete the zeros, was last April 2017, when they finally came out and told us they were “postponing” the continuation of the project “indefinitely” meaning until further notice. We all know they MUST do this project sometime to completion. Remember we all thought that it would come in EARLY 2017 as they told us it would? I too was supporting this idea since the CBI TOLD US. [post 1 of 3....stay tuned]
11-28-2017 Intel Guru Frank26 IMO The fact that two CBI banks have opened in the last two days and apparently another one in Jordan is impossible without a released currency. IMO These other countries wouldn't want this, or even let them do it, if their currency was restricted.
11-28-2017 Intel Guru ADMINBILL BE POSITIVE, HOPEFUL AND READY. AND, IN MY OPINION, BE ALL THREE BEFORE CHRISTMAS. ALTHOUGH NO DATES OR RATES WILL BE KNOWN BEFORE THE RELEASE YOU ARE IN A GOOD PLACE.
11-28-2017 Intel Guru RayRen98 [On a scale of 1 to 10, how much "more" confidence does the "unrevealed" Intel give you that the RI/RV will happen by this coming weekend?] Confidence is at an all-time high, and 95% of what my sources have said has come to pass, over time. As for whether the RV happens by this weekend, everyone has that impression right now. I might get more intel today to confirm that or to clarify the timing. It’s never been an exact science… We seem to be on schedule with the plan outlined by Iraq; that indicated late November, early December and here we are.
11-28-2017 Newshound Guru Breitling The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it. That’s why I support this investment so much. There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency. Their back is against the wall. I don’t want to say it’s a desperate thing, they want to revalue their currency.
11-28-2017 Newshound Guru MilitiaMan Article: "Rafidain calls on ministries and departments of the state to settle their salaries electronically" The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia. Not to mention the laundry list of completed items set out in the Iraq Marshal Plan. No need to go over all that now... But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq...This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner... imo.
11-28-2017 Newshound/Intel Guru Mnt Goat Finally, they are now considering once again moving ahead with the project. We know that when they do this they will quickly move to the last phase and this includes a significant rate increase over the program rate. We also know this will be preceded, if not coincided with the launching of the rest of the set of the lower denominations. So these are events to watch for. Remember, they already launched some of these notes in earlier years in anticipation of the RV back then and had real targets that could not come to fortition. [post 3 of 3]
11-28-2017 Newshound/Intel Guru Mnt Goat The reason why I feeling excited now is NOT that I expect an RV any day /every day as imminent (simply not true) but is because they had projected in the past when they would conclude the project many times already and in April they finally had to come out give us a realistic timeframe – which was “THEY DON’T KNOW”. Can’t be any more honest than that? However, they also said (and this is the important part), that they postponed it due to SECURITY reasons as to why they did not do it in EARLY 2017 as they announced they would. The security issue revolved around fighting of the ISIS and Daesh terrorist organizations in Iraq. [post 2 of 3....stay tuned]
11-28-2017 Newshound/Intel Guru Mnt Goat ...today I have some very exciting news to share with everyone. It is about the “PROJECT TO DELETE THE ZEROS”. We know that the RV will come as a result of this project to delete the zeros. This last phase of the project is the conclusion of the long-awaited revaluation of the Iraqi dinar. Yes – this is the part we have been waiting for and will get us the RV thus go to the bank. But still not yet. Why? ...the last time we heard from the CBI on this project to delete the zeros, was last April 2017, when they finally came out and told us they were “postponing” the continuation of the project “indefinitely” meaning until further notice. We all know they MUST do this project sometime to completion. Remember we all thought that it would come in EARLY 2017 as they told us it would? I too was supporting this idea since the CBI TOLD US. [post 1 of 3....stay tuned]
11-28-2017 Intel Guru Frank26 IMO The fact that two CBI banks have opened in the last two days and apparently another one in Jordan is impossible without a released currency. IMO These other countries wouldn't want this, or even let them do it, if their currency was restricted.
11-28-2017 Intel Guru ADMINBILL BE POSITIVE, HOPEFUL AND READY. AND, IN MY OPINION, BE ALL THREE BEFORE CHRISTMAS. ALTHOUGH NO DATES OR RATES WILL BE KNOWN BEFORE THE RELEASE YOU ARE IN A GOOD PLACE.
11-28-2017 Intel Guru RayRen98 [On a scale of 1 to 10, how much "more" confidence does the "unrevealed" Intel give you that the RI/RV will happen by this coming weekend?] Confidence is at an all-time high, and 95% of what my sources have said has come to pass, over time. As for whether the RV happens by this weekend, everyone has that impression right now. I might get more intel today to confirm that or to clarify the timing. It’s never been an exact science… We seem to be on schedule with the plan outlined by Iraq; that indicated late November, early December and here we are.
11-28-2017 Newshound Guru Breitling The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it. That’s why I support this investment so much. There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency. Their back is against the wall. I don’t want to say it’s a desperate thing, they want to revalue their currency.
11-28-2017 Newshound Guru MilitiaMan Article: "Rafidain calls on ministries and departments of the state to settle their salaries electronically" The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia. Not to mention the laundry list of completed items set out in the Iraq Marshal Plan. No need to go over all that now... But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq...This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner... imo.
11-27-2017 Intel Guru Frank26 [IYO, do you think the foreign attendees of the Foreign Bank and Investment conf., held on Dec 2-3, will be told the date of the RI, to close deals/contracts?] IMO...YES.
11-27-2017 Newshound Guru Kaperoni Article: "Conscious / Nassif emphasizes the central bank to stop the auction sale of foreign currencies" Quote: "There are measures to be implemented quickly, including stopping the foreign currency auction, which has become mine influential and the closure of all corruption monitor border crossings ports" ...you cannot just stop the auctions. It must be replaced with the float.
11-27-2017 Intel Guru RayRen98 It was an exciting weekend; everyone was on pins and needles. The banking community...here was excited: they went in and out of being on standby. We heard of another bank openly dealing with dinar, and memos are circulating in banks that are onboard with dinar. I’m sure this is not the only bank that is coming aboard. Some bank employees are now being told that their banks would be handling dinar... We are still at ‘any moment’ [post 2 of 2]
11-27-2017 Intel Guru RayRen98 We closed out the weekend looking for some things to happen over the weekend, such as celebrations and announcements, and some of you were led to believe you’d be in the banks this morning. What really did take place? The PM made two speeches on Saturday, one in the morning, and the other in the evening, but neither one was made public, so we don’t know what was said or resolved. We could not find any records or articles, although those will probably surface later (when it’s no longer important). We may see something on that later today. It has been reported that celebrations did occur, but not the major ones we were waiting for. [post 1 of 2....stay tuned]
11-27-2017 Intel Guru Frank26 [You and teams are expecting an RI prior to the ME Summit on 2nd—but have to ask being this is Iraq—what would be “the consequences” if Iraq doesn’t RI before the opening of this conference…] WE HOPE YES...ANGER OF LL (long line)...DIS-TRUST IN THE FUTURE IN ALL THINGS...LEAVE...INVEST ELSEWHERE. DO U THINK THESE R THE GOALS OF A [ABADI] AND T? NO. A HAS MADE IT VERY CLEAR THAT IRAQ IS ABOUT TO INVITE THE INTERNATIONAL WORLD INTO IRAQ. IMO A WILL NOT EMBARRASS HIMSELF...HE WILL NOT DEGRADE HIS TRUST THAT TOOK SO MUCH TO ESTABLISH...
11-27-2017 Intel Guru Jester ...I CAN TELL YOU NOTHING NEW IS HAPPENING...THERE IS NOTHING NEW TO BE HAPPENING... IT IS ALL SCOPED OUT AND SCHEDULED...SO IT IS NOT POSSIBLE FOR SOMETHING NEW TO HAPPEN... WE ARE JUST WAITING FOR THE PROCESS TO COMPLETE...IT IS ALL PLANNED AND THEY HAVE A SCHEDULE...
11-27-2017 Newshound Guru Enorrste Article: "Delete the zeros priority" This article confirms what we have seen...primarily from KAP [Guru Kaperoni], over the years: gradual rise in the value of the dinar as the money supply is reduced, with a goal of reaching parity with the dollar (1 dinar = $1). Furthermore, this economist says that the timing is finally right, with the security issue now having been essentially resolved. Finally, he states clearly at the beginning of the article that the time for discussion has gone on long enough (years) and that it is now time for the CBI to act. All in all this is a great article. We now just have to learn whether the author has the ear of the CBI, is parroting the CBI's stated goals, or is just expressing his own opinion, as has been the case for so many years now.
11-27-2017 Intel Guru Frank26 [will we have a speech within these four days IYO...] THE CELEBRATION IS AN ANNUAL EVENT...IT JUST HAPPENS TO BE THAT A [ABADI] WANTS TO USE THIS NATIONAL CELEBRATION WEEK TO DELIVER A SPEECH OF LIBERATION...OF MANY THINGS.
11-27-2017 Intel Guru Dr. Clarke HOWEVER, we want to stick around, just for the satisfaction of telling you, “We Told You So!”, soon after January 1st, 2018. THINK ABOUT IT...Iraq’s 1st Fiscal Day, of a Brand New Fiscal Year, as a Brand New Fully Liberated Country... Completely FREE to do BIG Business with the WORLD. THINK ABOUT IT. MAKE NO MISTAKE. We have brought you ALL this way...HAPPY HAPPY HOLIDAYS! ...Like Never Before, over the Next/Last 30+ Days. MAKE NO MISTAKE! ...No Matter what it may now look like right now... “SEE”...that MOMENT, and like a bull dog, NEVER Let Go. That’s our Opinion. That’s our Belief. That’s our Knowing... [post 2 of 2]
11-27-2017 Intel Guru Dr. Clarke To all those who are Weary, Frustrated, Tired, Angry, DOUBTFUL & Critical - HAPPY HOLIDAYS & HAPPY NEW YEAR! January 1, 2018 marks the Very Beginning, of a Brand New Year, like NO OTHER, in the past history of Iraq, that you know of...as well as, some other countries. NEVER BEFORE. The Very End of December 2017 will END, like NO OTHER, in the Past History of Iraq, that you’ve EVER seen previously. MAKE NO MISTAKE. We could just as well have faded away a long time ago, and never posted another word for Anyone. Poof! Gone, no problem, for there’s really no Logical Reason, we’re even here...and we still could. No Problem. [post 1 of 2....stay tuned]
11-27-2017 Newshound Guru Kaperoni Article: "Conscious / Nassif emphasizes the central bank to stop the auction sale of foreign currencies" Quote: "There are measures to be implemented quickly, including stopping the foreign currency auction, which has become mine influential and the closure of all corruption monitor border crossings ports" ...you cannot just stop the auctions. It must be replaced with the float.
11-27-2017 Intel Guru RayRen98 It was an exciting weekend; everyone was on pins and needles. The banking community...here was excited: they went in and out of being on standby. We heard of another bank openly dealing with dinar, and memos are circulating in banks that are onboard with dinar. I’m sure this is not the only bank that is coming aboard. Some bank employees are now being told that their banks would be handling dinar... We are still at ‘any moment’ [post 2 of 2]
11-27-2017 Intel Guru RayRen98 We closed out the weekend looking for some things to happen over the weekend, such as celebrations and announcements, and some of you were led to believe you’d be in the banks this morning. What really did take place? The PM made two speeches on Saturday, one in the morning, and the other in the evening, but neither one was made public, so we don’t know what was said or resolved. We could not find any records or articles, although those will probably surface later (when it’s no longer important). We may see something on that later today. It has been reported that celebrations did occur, but not the major ones we were waiting for. [post 1 of 2....stay tuned]
11-27-2017 Intel Guru Frank26 [You and teams are expecting an RI prior to the ME Summit on 2nd—but have to ask being this is Iraq—what would be “the consequences” if Iraq doesn’t RI before the opening of this conference…] WE HOPE YES...ANGER OF LL (long line)...DIS-TRUST IN THE FUTURE IN ALL THINGS...LEAVE...INVEST ELSEWHERE. DO U THINK THESE R THE GOALS OF A [ABADI] AND T? NO. A HAS MADE IT VERY CLEAR THAT IRAQ IS ABOUT TO INVITE THE INTERNATIONAL WORLD INTO IRAQ. IMO A WILL NOT EMBARRASS HIMSELF...HE WILL NOT DEGRADE HIS TRUST THAT TOOK SO MUCH TO ESTABLISH...
11-27-2017 Intel Guru Jester ...I CAN TELL YOU NOTHING NEW IS HAPPENING...THERE IS NOTHING NEW TO BE HAPPENING... IT IS ALL SCOPED OUT AND SCHEDULED...SO IT IS NOT POSSIBLE FOR SOMETHING NEW TO HAPPEN... WE ARE JUST WAITING FOR THE PROCESS TO COMPLETE...IT IS ALL PLANNED AND THEY HAVE A SCHEDULE...
11-27-2017 Newshound Guru Enorrste Article: "Delete the zeros priority" This article confirms what we have seen...primarily from KAP [Guru Kaperoni], over the years: gradual rise in the value of the dinar as the money supply is reduced, with a goal of reaching parity with the dollar (1 dinar = $1). Furthermore, this economist says that the timing is finally right, with the security issue now having been essentially resolved. Finally, he states clearly at the beginning of the article that the time for discussion has gone on long enough (years) and that it is now time for the CBI to act. All in all this is a great article. We now just have to learn whether the author has the ear of the CBI, is parroting the CBI's stated goals, or is just expressing his own opinion, as has been the case for so many years now.
11-27-2017 Intel Guru Frank26 [will we have a speech within these four days IYO...] THE CELEBRATION IS AN ANNUAL EVENT...IT JUST HAPPENS TO BE THAT A [ABADI] WANTS TO USE THIS NATIONAL CELEBRATION WEEK TO DELIVER A SPEECH OF LIBERATION...OF MANY THINGS.
11-27-2017 Intel Guru Dr. Clarke HOWEVER, we want to stick around, just for the satisfaction of telling you, “We Told You So!”, soon after January 1st, 2018. THINK ABOUT IT...Iraq’s 1st Fiscal Day, of a Brand New Fiscal Year, as a Brand New Fully Liberated Country... Completely FREE to do BIG Business with the WORLD. THINK ABOUT IT. MAKE NO MISTAKE. We have brought you ALL this way...HAPPY HAPPY HOLIDAYS! ...Like Never Before, over the Next/Last 30+ Days. MAKE NO MISTAKE! ...No Matter what it may now look like right now... “SEE”...that MOMENT, and like a bull dog, NEVER Let Go. That’s our Opinion. That’s our Belief. That’s our Knowing... [post 2 of 2]
11-27-2017 Intel Guru Dr. Clarke To all those who are Weary, Frustrated, Tired, Angry, DOUBTFUL & Critical - HAPPY HOLIDAYS & HAPPY NEW YEAR! January 1, 2018 marks the Very Beginning, of a Brand New Year, like NO OTHER, in the past history of Iraq, that you know of...as well as, some other countries. NEVER BEFORE. The Very End of December 2017 will END, like NO OTHER, in the Past History of Iraq, that you’ve EVER seen previously. MAKE NO MISTAKE. We could just as well have faded away a long time ago, and never posted another word for Anyone. Poof! Gone, no problem, for there’s really no Logical Reason, we’re even here...and we still could. No Problem. [post 1 of 2....stay tuned]
11-26-2017 Intel Guru Frank26 [An article was posted...about the dropping of the 000’s. Haven’t seen them talk about this in a long while. Any reason why this article was released at this time?] FRUSTRATION. U R NOT THE ONLY ONE THAT DOES NOT KNOW THE DAY OF THE MR [Monetary Reform]...THE TIMING OF A [ABADI] IS CONFUSING TO THE INNOCENT...IT IS NOT FROM THE CBI...IT IS TO THE CBI...FROM WITHIN IRAQ! WHY...CAUSE THEY KNOW AS MUCH AS U DO...THAT AN RI IS COMING...JUST DONT KNOW WHEN...EQUALS FRUSTRATION.
11-26-2017 Intel/Newshound Guru sandyf I have always seen this as a new year event and for the last 10 years been cautiously optimistic at that time of year. With only a few weeks to go, optimism is starting to rise once again. I say the new year but in reality I would see the optimum window being the ISX annual closure, normally about 10 days from around Christmas into the new year.
11-26-2017 Intel Guru Frank26 [is it true there is an Iraqi bank opening in Abu Dhabi tomorrow and if so what are the ramifications can they open at a program rate?] THIS OPENING IS JUST TOO OBVIOUS THAT A MR [MONETARY REFORM] IS OCCURRING AT THE CBI IMO. IT IS A DEFINITION OF ART 8. CAN THEY DO IT AT A PR [PROGRAM RATE]? IMO NO...BUT, THEY CAN AT A LOW RATE.
11-26-2017 Newshound Guru Kaperoni Article: "Delete the zeros priority" Author: Yasser mutawalli. [So who is Yasser Mutawalli and is he credible?] Appears to be an economist that is on top of the gov's reforms. Love this..."principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar," ...it is an absolute necessity that they have currency reform and activate the banking sector if they want private investment. No alternative. So yes, it is urgent..
11-26-2017 Newshound Guru MilitiaMan Article: "Delete zeros priority" Quote: "...a real vision to restore the real value of the Iraqi dinar to remain master of currencies at the level of local trading without rushing on the acquisition of the dollar to invest outside the country, and perhaps the advantages of the dinar equivalent with The dollar in terms of value..." A Priority is a priority and this is one that I approve of.. Hope the ITB has that in mind at the Ceremony tomorrow!!
11-26-2017 Intel/Newshound Guru sandyf I have always seen this as a new year event and for the last 10 years been cautiously optimistic at that time of year. With only a few weeks to go, optimism is starting to rise once again. I say the new year but in reality I would see the optimum window being the ISX annual closure, normally about 10 days from around Christmas into the new year.
11-26-2017 Intel Guru Frank26 [is it true there is an Iraqi bank opening in Abu Dhabi tomorrow and if so what are the ramifications can they open at a program rate?] THIS OPENING IS JUST TOO OBVIOUS THAT A MR [MONETARY REFORM] IS OCCURRING AT THE CBI IMO. IT IS A DEFINITION OF ART 8. CAN THEY DO IT AT A PR [PROGRAM RATE]? IMO NO...BUT, THEY CAN AT A LOW RATE.
11-26-2017 Newshound Guru Kaperoni Article: "Delete the zeros priority" Author: Yasser mutawalli. [So who is Yasser Mutawalli and is he credible?] Appears to be an economist that is on top of the gov's reforms. Love this..."principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar," ...it is an absolute necessity that they have currency reform and activate the banking sector if they want private investment. No alternative. So yes, it is urgent..
11-26-2017 Newshound Guru MilitiaMan Article: "Delete zeros priority" Quote: "...a real vision to restore the real value of the Iraqi dinar to remain master of currencies at the level of local trading without rushing on the acquisition of the dollar to invest outside the country, and perhaps the advantages of the dinar equivalent with The dollar in terms of value..." A Priority is a priority and this is one that I approve of.. Hope the ITB has that in mind at the Ceremony tomorrow!!
11-25-2017 Newshound Guru MilitiaMan Article quote: "Trade Bank Of Iraq: The Iraqi Trade Bank will receive the license to open the representative office in the Abu Dhabi International Financial Market. The opening ceremony will take place on Sunday 26/11/2017 at 11:00 am in the presence of the Governor of the Central Bank of Iraq Dr. Ali Alalak and the Head of the Abu Dhabi International Financial Market Mr. Ahmed Sayegh..." This is telling me they are on schedule and the opening ceremony is telling the world we are now officially Global. Thus, fully Article 8 compliant, last remaining issue in regard to Chapter 7 "sanction free" (currency) and fully liberated with security and stability. The Iraq Trade Bank is an extension of the CBI.. Keep in mind today was the start of the celebrations in Iraq and apparently they got started 10:00 am Iraq time. We see this afternoon articles out showing all borders are secure through the western region of the country.. banks re align tonight.. powerful timing folks!!!
11-25-2017 Intel Guru Frank26 Articles...told You on Thursday and Friday that today Iraq would Celebrate their LIBERATION from Terrorism. Then there was the shift in almost ALL the...GURUS ALSO saying..."MY SOURCES SAY THIS SATURDAY A [Abadi] WILL MAKE A SPEECH... So [Gurus] FRANK26 ...DELTA...WS [Walkingstick] WHAT WENT WRONG? Nothing. Because YOU...did NOT Know that the celebration would last...FOUR DAYS... BTW...Has the Celebrations started...IMO...YES. Has the SPEECH been made...IMO...NO. Why? Because it is A's [Abadi's] TIMING. Because WHEN it is done... [Guru] WALKINGSTICK will bring it to us...Stay deep in Your FOXHOLE as we await A's TIMING on many things. Stay as Smart as...A Fox. Stay STRONG!!!
11-25-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq, on Tuesday, that 89% of adults do not have bank accounts, noting that the reluctance of many individuals to deal with banks because of religious rulings, one of these reasons." First this means the project to delete the zeros is not working out in a timely manner as planned...they need people to have bank accounts. Second, it is more than just lack of liquidity in the banks. Third, the CBI is still paying way too many salaries in cash. They need to collect these dinars and permanently get them out of circulation. They can not do this when they keep circulating them back into the economy each payday. Fourth, the CBI already has locked down some of the govt payouts and told the recipients that if they don’t have a bank account they can get paid. So this is how it works. You need a bank account to get electronic deposits…right...get it? Do you now see the reasoning for this article from the CBI?
11-25-2017 Intel Guru RayRen98 Most are focusing on 10am Saturday morning Iraqi time, which is 2am EST – that’s when celebrations are supposed to start. Many have reason to believe this will serve another purpose, as well as the full liberation of Iraq: economic reforms underway, and corruption being deal with. It should be an exciting weekend for information. Banks are ready, on alert, and we will see if this is finally IT – opening the curtains, revealing everything, and getting the celebrations started. This is not a guarantee, but it is very much expected that this will be part of the Baghdad Day celebrations.
11-25-2017 Intel Guru Delta [Is there going to be a speech now?] IMO... THEY MIGHT NOT SHOW IT LIVE FOR SECURITY ISSUE, ALSO KEEP IN MIND IT SHOULD BE FOR 4 DAYS, SO IF WE DON'T SEE ANY SPEECH TODAY IT COULD HAPPEN WITH IN THOSE 4 DAYS...
11-25-2017 Intel Guru Dr. Clarke ADJUSTMENT to our 11-10-17 Post: DECEMBER 15 - JANUARY 1, 2018...Anytime During this span, to PUBLICLY & OFFICIALLY Start the 2018 Fiscal Year. WHY? MIDDLE EAST REGION (ME) & FAR EAST REGION (FE) Simultaneous Final Cleanup Time, AFTER Public Declaration of Iraq’s Full Liberation, over the next few days. No Worries. “Enjoy the Shooooow”...per Ed Sullivan (RIP) P.S. This is Very Very Good & to your Advantage. OIL rising. More $$$$$$$$. Everything else in our 11-10-17 post, still goes. SANTA says, “Think BIGGER, Go SLOWLY, and Choose WISELY”.
11-25-2017 Intel Guru Frank26 Articles...told You on Thursday and Friday that today Iraq would Celebrate their LIBERATION from Terrorism. Then there was the shift in almost ALL the...GURUS ALSO saying..."MY SOURCES SAY THIS SATURDAY A [Abadi] WILL MAKE A SPEECH... So [Gurus] FRANK26 ...DELTA...WS [Walkingstick] WHAT WENT WRONG? Nothing. Because YOU...did NOT Know that the celebration would last...FOUR DAYS... BTW...Has the Celebrations started...IMO...YES. Has the SPEECH been made...IMO...NO. Why? Because it is A's [Abadi's] TIMING. Because WHEN it is done... [Guru] WALKINGSTICK will bring it to us...Stay deep in Your FOXHOLE as we await A's TIMING on many things. Stay as Smart as...A Fox. Stay STRONG!!!
11-25-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq, on Tuesday, that 89% of adults do not have bank accounts, noting that the reluctance of many individuals to deal with banks because of religious rulings, one of these reasons." First this means the project to delete the zeros is not working out in a timely manner as planned...they need people to have bank accounts. Second, it is more than just lack of liquidity in the banks. Third, the CBI is still paying way too many salaries in cash. They need to collect these dinars and permanently get them out of circulation. They can not do this when they keep circulating them back into the economy each payday. Fourth, the CBI already has locked down some of the govt payouts and told the recipients that if they don’t have a bank account they can get paid. So this is how it works. You need a bank account to get electronic deposits…right...get it? Do you now see the reasoning for this article from the CBI?
11-25-2017 Intel Guru RayRen98 Most are focusing on 10am Saturday morning Iraqi time, which is 2am EST – that’s when celebrations are supposed to start. Many have reason to believe this will serve another purpose, as well as the full liberation of Iraq: economic reforms underway, and corruption being deal with. It should be an exciting weekend for information. Banks are ready, on alert, and we will see if this is finally IT – opening the curtains, revealing everything, and getting the celebrations started. This is not a guarantee, but it is very much expected that this will be part of the Baghdad Day celebrations.
11-25-2017 Intel Guru Delta [Is there going to be a speech now?] IMO... THEY MIGHT NOT SHOW IT LIVE FOR SECURITY ISSUE, ALSO KEEP IN MIND IT SHOULD BE FOR 4 DAYS, SO IF WE DON'T SEE ANY SPEECH TODAY IT COULD HAPPEN WITH IN THOSE 4 DAYS...
11-25-2017 Intel Guru Dr. Clarke ADJUSTMENT to our 11-10-17 Post: DECEMBER 15 - JANUARY 1, 2018...Anytime During this span, to PUBLICLY & OFFICIALLY Start the 2018 Fiscal Year. WHY? MIDDLE EAST REGION (ME) & FAR EAST REGION (FE) Simultaneous Final Cleanup Time, AFTER Public Declaration of Iraq’s Full Liberation, over the next few days. No Worries. “Enjoy the Shooooow”...per Ed Sullivan (RIP) P.S. This is Very Very Good & to your Advantage. OIL rising. More $$$$$$$$. Everything else in our 11-10-17 post, still goes. SANTA says, “Think BIGGER, Go SLOWLY, and Choose WISELY”.
11-24-2017 Intel Guru Frank26 Article: "Abadi: The more we eliminate corrupt, the stronger we will be" The issue is NO longer on S and S (security and stability) but...CORRUPTION!!! SHARED A [Abadi ?] would go Strong with it...POST RI. IMO...Such a Time Frame...is...Approaching.
11-24-2017 Intel Guru Delta URGENT FROM IRAQI TV FEW HOURS LEFT ONLY FOR COMPLETE LIBERATION.
11-24-2017 Intel Guru RayRen98 Iraqi television is scrolling “we are within two days of total liberation of Iraq”; that was yesterday, so… This celebration is supposed to go on for a week, and next week is being called Victory Week. Remember some while back I said that plan was for full liberation in the last week of November, with exchange activity from 1. December, so this could be the plan unfolding according to design. They are saying that the finals stages in the desert are happening, and several people have been arrested. There may be an announcement at 10am (Iraqi time) on the 25th (tomorrow). Some believe things will change before the announcement is made, and some think afterwards, but either way it’s fair to anticipate something major happening during Victory Week, this last week in November.
11-24-2017 Intel Guru Frank26 Article: "Al-Sari: Two days separate us from the announcement of the liberation of Iraq from a full-fledged" We...know this and...Are prepared.
11-24-2017 Intel Guru Bruce I can tell you the rates are being traded high. We are in really good shape on the currencies as far as that goes. It is a very positive thing happening. I think this release is what we are looking for and I don’t think we have to wait forever to happen. It is happening. We just have to wait for our portion to come thru. That is really the jest of it right there.
11-24-2017 Newshound Guru mike Article: "Expectations of obtaining Iraq's rating Advanced credit " Quote: "specialists confirmed the possibility of economic affairs raise the rating to A or -A through the activation of the private sector and provide employment opportunities that will pay gross domestic product to rise." A lot of really good things will happen for Iraq and its people if the GOI can create the environment necessary for an open market economy.
11-24-2017 Intel Guru Delta URGENT FROM IRAQI TV FEW HOURS LEFT ONLY FOR COMPLETE LIBERATION.
11-24-2017 Intel Guru RayRen98 Iraqi television is scrolling “we are within two days of total liberation of Iraq”; that was yesterday, so… This celebration is supposed to go on for a week, and next week is being called Victory Week. Remember some while back I said that plan was for full liberation in the last week of November, with exchange activity from 1. December, so this could be the plan unfolding according to design. They are saying that the finals stages in the desert are happening, and several people have been arrested. There may be an announcement at 10am (Iraqi time) on the 25th (tomorrow). Some believe things will change before the announcement is made, and some think afterwards, but either way it’s fair to anticipate something major happening during Victory Week, this last week in November.
11-24-2017 Intel Guru Frank26 Article: "Al-Sari: Two days separate us from the announcement of the liberation of Iraq from a full-fledged" We...know this and...Are prepared.
11-24-2017 Intel Guru Bruce I can tell you the rates are being traded high. We are in really good shape on the currencies as far as that goes. It is a very positive thing happening. I think this release is what we are looking for and I don’t think we have to wait forever to happen. It is happening. We just have to wait for our portion to come thru. That is really the jest of it right there.
11-24-2017 Newshound Guru mike Article: "Expectations of obtaining Iraq's rating Advanced credit " Quote: "specialists confirmed the possibility of economic affairs raise the rating to A or -A through the activation of the private sector and provide employment opportunities that will pay gross domestic product to rise." A lot of really good things will happen for Iraq and its people if the GOI can create the environment necessary for an open market economy.
11-23-2017 Newshound/Intel Guru Mnt Goat Yes – better days are ahead but you must put it all in perspective too. All you need to do it go back to the last 8 years of Nori al-Maliki administration and compare to all the progress Iraq has made since. They may not yet be ready for the re-instatement of the currency (when we want it), but they are making great strides with their new capitalistic democracy and I totally believe “blue skies are ahead and there will a nice big rainbow soon”.
11-23-2017 Newshound Guru Aggiedad77 Article: "Central banks contribute to economic balance" Quotes: "government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve." "an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating..." WOW...the "attempt to link" is alluring...but what really caught my eye is the last part of that statement..."in light of the free exchange arrangements or floating"...that to me speaks VOLUMES...all IMO...oh is it Saturday yet...the BEST is coming.
11-23-2017 Intel Guru Frank26 On the 17th the WTO got together with Iraq...an informal meeting...to submit to the WTO the final pkgs...they are a commitment to the WTO...They have more than 2/3 of the two majority votes to get seats into the WTO...All the dominoes are lined up... Abadi said Iraq is going to have a National Liberation Day...The big day in Baghdad is Saturday - "BAGHDAD DAY"... IMO On the 25th Abadi will give a speech that will be shown all around the world...hes going to tell that Iraq is liberated from terrorism...he will talk to the international world that we are open for international business to come in...he’s going to talk about chapter 7...he’s going to talk about security and stability...Abadi has worked with the US hand in hand...he has a reason for all the things he is doing...reason why we have not heard the speech yet...wait for a speech that will change world history... He could change that rate right after that speech...Prepare yourself for Saturday...
11-23-2017 Newshound Guru MilitiaMan Article: "Central banks contribute to economic balance" Quotes: "government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve." "an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating..." This is some serious data on exchange rate change and float. The Banks and GOI working as a team is oh so huge! ~ Imo.
11-23-2017 Newshound Guru Adam Montana The dinar is moving forward. We're waiting for a few key things, which you ALL should know about, and they aren't far off. We're looking at an RV at some point! It's not coming today [Wednesday]. It might come tomorrow, or later this week, but I'm not going to speculate on that right now.
11-23-2017 Newshound Guru Aggiedad77 Article: "Central banks contribute to economic balance" Quotes: "government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve." "an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating..." WOW...the "attempt to link" is alluring...but what really caught my eye is the last part of that statement..."in light of the free exchange arrangements or floating"...that to me speaks VOLUMES...all IMO...oh is it Saturday yet...the BEST is coming.
11-23-2017 Intel Guru Frank26 On the 17th the WTO got together with Iraq...an informal meeting...to submit to the WTO the final pkgs...they are a commitment to the WTO...They have more than 2/3 of the two majority votes to get seats into the WTO...All the dominoes are lined up... Abadi said Iraq is going to have a National Liberation Day...The big day in Baghdad is Saturday - "BAGHDAD DAY"... IMO On the 25th Abadi will give a speech that will be shown all around the world...hes going to tell that Iraq is liberated from terrorism...he will talk to the international world that we are open for international business to come in...he’s going to talk about chapter 7...he’s going to talk about security and stability...Abadi has worked with the US hand in hand...he has a reason for all the things he is doing...reason why we have not heard the speech yet...wait for a speech that will change world history... He could change that rate right after that speech...Prepare yourself for Saturday...
11-23-2017 Newshound Guru MilitiaMan Article: "Central banks contribute to economic balance" Quotes: "government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve." "an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating..." This is some serious data on exchange rate change and float. The Banks and GOI working as a team is oh so huge! ~ Imo.
11-23-2017 Newshound Guru Adam Montana The dinar is moving forward. We're waiting for a few key things, which you ALL should know about, and they aren't far off. We're looking at an RV at some point! It's not coming today [Wednesday]. It might come tomorrow, or later this week, but I'm not going to speculate on that right now.
11-22-2017 Intel Guru RayRen98 All my sources say that [it] is mysteriously quiet; could that be part of the plan? There were some expectations of this going last Thursday, and then I was told “between Thursday and next Wednesday”, meaning today. There has been no RV yet, but I’m hearing of efforts to push this out by the end of today. The big celebration in Iraq starts on Saturday with fireworks, etc. We still expect the final announcement of the liberation of Iraq... We are hoping it will be a celebration of something that has taken place, rather than something that will take place. We are all on the edge of our seats, hoping this announcement will come forth prior to the initiation of this celebration.That being said, various people are making reference to rates possibly being low and floating up, rather than coming out at the full rate. It’s going to be one or the other; those of us who have been listening and preparing will be ready to move in either direction, on a moment’s notice.
11-22-2017 Intel Guru Delta IMO I think the CBI may make a move before Abadi does speech and they will celebrate everything this week.
11-22-2017 Intel Guru Bruce When it comes to Iraq, we have heard Iraq’s announcement about their sovereignty and the liberation of Iraq has taken place at least twice and maybe more to the point where we are not looking for another announcement out of Iraq. Iraq is now in position for their preparations of their celebrations to get started on Saturday and go Saturday, Sunday, Monday, and Tuesday. I do know this...that Iraq has had a rate that we don’t see quite now, but they do have a rate that is usable for trading since last Thursday. It is out and they are using it. Iraq is trading their currency... We are at a point of a 2nd release or final push in process. It is hard to say what to call it exactly, but that is happening I believe...The intention is for us to have a very happy Thanksgiving. Let see if that happens. [post 2 of 2]
11-22-2017 Intel Guru Bruce I just want you to know we have had Intel that has come in this afternoon and even this evening to tell us kind of what is going on and where we are. Even this morning we used the term “release”, “getting it started”, and “it's going”, that terminology. We believe we are essentially underway in the point of view of the release getting this thing to go thru the system which takes a while for it to happen. It does take a while. It is not just a push of a button. There is a lot to it. It is much more complicated than we thought. [post 1 of 2....stay tuned]
11-22-2017 Newshound Guru Walkingstick IMO Everything hinges on this speech that is coming from Abadi.
11-22-2017 Newshound Guru Aggiedad77 ...from all the news today I am sensing an excitement in the air...something about Abadi and all the news surrounding him...you think he wants to talk...wants to convey his true and honest feelings to his people and the world...the BEST is coming...any day now.
11-22-2017 Newshound Guru Kaperoni Article: "Organization of an international financial conference next month in Baghdad" Quote: "The conference will discuss a range of important themes organized in the agenda and the most important plans and strategies of the Central Bank of the next stage, and the mechanisms of the development of relations between foreign banks and Iraqi banks, as well as financial reforms that the government is trying to implement to attract and attract foreign investment." Sounds like this conference will spell out the plan. I can't see them having an international investment conference if you don't have plans to reform the currency and open the banking system to attract foreign capital.
11-22-2017 Intel Guru Delta IMO: They have to have an International Currency BEFORE this international fair on Dec. 2nd, 2017.
11-22-2017 Intel Guru Delta IMO I think the CBI may make a move before Abadi does speech and they will celebrate everything this week.
11-22-2017 Intel Guru Bruce When it comes to Iraq, we have heard Iraq’s announcement about their sovereignty and the liberation of Iraq has taken place at least twice and maybe more to the point where we are not looking for another announcement out of Iraq. Iraq is now in position for their preparations of their celebrations to get started on Saturday and go Saturday, Sunday, Monday, and Tuesday. I do know this...that Iraq has had a rate that we don’t see quite now, but they do have a rate that is usable for trading since last Thursday. It is out and they are using it. Iraq is trading their currency... We are at a point of a 2nd release or final push in process. It is hard to say what to call it exactly, but that is happening I believe...The intention is for us to have a very happy Thanksgiving. Let see if that happens. [post 2 of 2]
11-22-2017 Intel Guru Bruce I just want you to know we have had Intel that has come in this afternoon and even this evening to tell us kind of what is going on and where we are. Even this morning we used the term “release”, “getting it started”, and “it's going”, that terminology. We believe we are essentially underway in the point of view of the release getting this thing to go thru the system which takes a while for it to happen. It does take a while. It is not just a push of a button. There is a lot to it. It is much more complicated than we thought. [post 1 of 2....stay tuned]
11-22-2017 Newshound Guru Walkingstick IMO Everything hinges on this speech that is coming from Abadi.
11-22-2017 Newshound Guru Aggiedad77 ...from all the news today I am sensing an excitement in the air...something about Abadi and all the news surrounding him...you think he wants to talk...wants to convey his true and honest feelings to his people and the world...the BEST is coming...any day now.
11-22-2017 Newshound Guru Kaperoni Article: "Organization of an international financial conference next month in Baghdad" Quote: "The conference will discuss a range of important themes organized in the agenda and the most important plans and strategies of the Central Bank of the next stage, and the mechanisms of the development of relations between foreign banks and Iraqi banks, as well as financial reforms that the government is trying to implement to attract and attract foreign investment." Sounds like this conference will spell out the plan. I can't see them having an international investment conference if you don't have plans to reform the currency and open the banking system to attract foreign capital.
11-22-2017 Intel Guru Delta IMO: They have to have an International Currency BEFORE this international fair on Dec. 2nd, 2017.
11-21-2017 Newshound Guru Apmcrx Chapter VII Done!!!...IMO.
11-21-2017 Intel Guru Frank26 IMO The final deal with Kuwait is in play right now with the gas deal, which is the final part of Chapter 7. IMO The WTO deal on Friday caused the budget to have a revision made from trillions to billions. IMO: The display of the budget is timed with the speech from Abadi. IMO: There will be an aggressive push for removal of corruption AFTER the RI. IMO The International Fair on Dec 2 will show them with a new rate. IMO We will see the speech from Abadi this week. IMO: EVERY possible thing that could be in their way has been removed and even Hezbollah is leaving because they know IS is over with. IMO The Banking classes are over. There is a very large celebration planned for "Baghdad Day" this Saturday, and IMO I expect that celebration to include everything we have been waiting on. Some of my high level sources are saying something is going down now.
11-21-2017 Intel Guru RayRen98 [Do you feel this will happen before the end of this year?] Based on the information I have, yes. [In your update on 14. November, you said something about knowing a date that the RV might be released…] ...that date was extended, and we have not yet reached the extended date. We are still in that window, and I do believe we will see this before Thanksgiving.
11-21-2017 Intel Guru RayRen98 [I notice that when Iraq does any rate changes, it’s always been either in April or September. Do you think they will get off that schedule?] Most definitely. They promised their citizens that they would revalue their currency for great purchasing power ‘in the coming days’, not April or September.
11-21-2017 Newshound Guru Apmcrx "Summary of the Annual Meetings Report of the International Monetary Fund and the Talks of the Credit Union (Third Round) and the visit of the Governor of the Central Bank to the UN Security Council" Quote: "De La Rue’s two main rivals, Munich-based Giesecke & Devrient (G&D), and Oberthur Fiduciaire, a French firm, date back to the mid-19th century." IMO is really interesting that CBI mentions the banknote printers De La Rue and Oberthure...
11-21-2017 Intel Guru Frank26 IMO The final deal with Kuwait is in play right now with the gas deal, which is the final part of Chapter 7. IMO The WTO deal on Friday caused the budget to have a revision made from trillions to billions. IMO: The display of the budget is timed with the speech from Abadi. IMO: There will be an aggressive push for removal of corruption AFTER the RI. IMO The International Fair on Dec 2 will show them with a new rate. IMO We will see the speech from Abadi this week. IMO: EVERY possible thing that could be in their way has been removed and even Hezbollah is leaving because they know IS is over with. IMO The Banking classes are over. There is a very large celebration planned for "Baghdad Day" this Saturday, and IMO I expect that celebration to include everything we have been waiting on. Some of my high level sources are saying something is going down now.
11-21-2017 Intel Guru RayRen98 [Do you feel this will happen before the end of this year?] Based on the information I have, yes. [In your update on 14. November, you said something about knowing a date that the RV might be released…] ...that date was extended, and we have not yet reached the extended date. We are still in that window, and I do believe we will see this before Thanksgiving.
11-21-2017 Intel Guru RayRen98 [I notice that when Iraq does any rate changes, it’s always been either in April or September. Do you think they will get off that schedule?] Most definitely. They promised their citizens that they would revalue their currency for great purchasing power ‘in the coming days’, not April or September.
11-21-2017 Newshound Guru Apmcrx "Summary of the Annual Meetings Report of the International Monetary Fund and the Talks of the Credit Union (Third Round) and the visit of the Governor of the Central Bank to the UN Security Council" Quote: "De La Rue’s two main rivals, Munich-based Giesecke & Devrient (G&D), and Oberthur Fiduciaire, a French firm, date back to the mid-19th century." IMO is really interesting that CBI mentions the banknote printers De La Rue and Oberthure...
11-20-2017 Intel Guru RayRen98 There may be lingering issues around Kirkuk and Rawa for which they may require resolution; I don’t know of any other problems that would hold up this release. I don’t think the 2018 Budget will hold this up any further. I think everything has been done that needs to be done, at least from Iraq: announcement of the liberation and revaluation of the currency. People being owed money will be paid in monthly chunks, and celebrations are still planned. Everything is set up for the biggest celebration ever to take place in Iraq. There were alerts coming into the weekend, and now we are having those again in some of our US banks. They are ready for anything to happen between now and Thanksgiving. However, when this pops, we may have to wait for better rates, and/or until January. [post 2 of 2]
11-20-2017 Intel Guru RayRen98 The most current information...there was some stuff over the weekend that was not verifiable. The proof is in the pudding and there is no pudding yet! We did send out this update on Sunday: [reference RayRen98 post 11-19-2017] This is a big thing, because the PM was waiting for full unity in Iraq before economic reforms would be complete. The referendum was cancelled, which indeed the Kurds was not viable according to the constitution. There is possibly an issue at Kirkuk and who has what now compared to what was arranged beforehand. We do know that the territorial boundaries have been secured to/by the government of Iraq. [post 1 of 2....stay tuned]
11-20-2017 Newshound Guru Kaperoni There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession. So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO. That being said, we know the requirements so it motivates the CBI to get currency reform done.
11-20-2017 Newshound Guru Apmcrx Last week abadi announced the war against corruption will start January 1st 2018 and same 2018 will be the year of Iraq economic recovery. Now Abadi announced the fight against corruption started Yesterday... Abadi is in a hurry!!! Maybe he wants to start 2018 with no corruption IMO.
11-20-2017 Newshound Guru chattels [do you really feel this is going to happen...?] I believe that there will be an increase in value which will inure to our benefit, but when or how long is the problem. I try not to anticipate a date so much and view it as a long shot in my lifetime. Treat it as "found" or "futuremoney" if you will. I would be very upset if I got out now and it happened, so...I watch, wait and hope.
11-20-2017 Intel Guru RayRen98 The most current information...there was some stuff over the weekend that was not verifiable. The proof is in the pudding and there is no pudding yet! We did send out this update on Sunday: [reference RayRen98 post 11-19-2017] This is a big thing, because the PM was waiting for full unity in Iraq before economic reforms would be complete. The referendum was cancelled, which indeed the Kurds was not viable according to the constitution. There is possibly an issue at Kirkuk and who has what now compared to what was arranged beforehand. We do know that the territorial boundaries have been secured to/by the government of Iraq. [post 1 of 2....stay tuned]
11-20-2017 Newshound Guru Kaperoni There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession. So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO. That being said, we know the requirements so it motivates the CBI to get currency reform done.
11-20-2017 Newshound Guru Apmcrx Last week abadi announced the war against corruption will start January 1st 2018 and same 2018 will be the year of Iraq economic recovery. Now Abadi announced the fight against corruption started Yesterday... Abadi is in a hurry!!! Maybe he wants to start 2018 with no corruption IMO.
11-20-2017 Newshound Guru chattels [do you really feel this is going to happen...?] I believe that there will be an increase in value which will inure to our benefit, but when or how long is the problem. I try not to anticipate a date so much and view it as a long shot in my lifetime. Treat it as "found" or "futuremoney" if you will. I would be very upset if I got out now and it happened, so...I watch, wait and hope.
11-19-2017 Intel Guru RayRen98 It has been reported that earlier today Iraqi TV interviewed President Masum announcing that the referendum has been officially canceled. Now the celebrations can take place, I believe this is what PM Abadi has been awaiting! Contractors are expecting back pay distributed over a few 30-day segments. It is being cautiously expected for these back pays to be at the new rate! Time Will Tell! IRAQ'S BIGGEST CELEBRATION ON RECORD MAY COMMENCE THIS VERY WEEK - TIME WILL TELL!!
11-19-2017 Newshound/Intel Guru Mnt Goat Article: "ELECTRONIC BANKING DEPOSITS WILL REDUCE COST OF PRINTING CURRENCY" ...the electronic banking is also allowing the CBI not to recycle the 3 zero notes back into circulation each pay day. They are getting very close to the needed 2/3 of the needed collection of currency out of circulation in Iraq.
11-19-2017 Newshound Guru Kaperoni WTO may be several years away because they have little to export, but that has little to do with when the CBI acts on monetary reform. In fact, it is critical to the success of investment in Iraq. I am hopeful we will read something soon about early 2018. (fingers crossed) [reference Kaperoni post 11-18-2017]
11-19-2017 Newshound Guru Don961 Article quote: "An Iraqi parliamentarian said on Saturday that the 2018 budget assumes the export of about 3.8 million barrels per day of oil, based on an average price of about $ 43 a barrel, well below the global price of more than $ 50." This is what Iraq's oil in the budget of 2018.
11-19-2017 Newshound Guru chattels There are several countries in the world that use the U.S. dollar as it's " default " currency. Iraq will use the dinar as it best serves them. We may get lucky at some point.
11-19-2017 Newshound/Intel Guru Mnt Goat Article: "AMENDMENTS TO THE LAW OF THE CENTRAL BANK OF IRAQ ISSUED ORDER NO. (56) POSTED IN GAZETTE" ...now that Iraq is moving to another chapter in is monetary policy the old policies of the CBI needed to be updated to fit (coincide with) the new monetary direction. This is all this amendment is doing and was a necessity. Is is very significant as we can see them lining up once again for the new monetary reforms, which will eventually lead to the reinstatement of the currency.
11-19-2017 Newshound/Intel Guru Mnt Goat Article: "ELECTRONIC BANKING DEPOSITS WILL REDUCE COST OF PRINTING CURRENCY" ...the electronic banking is also allowing the CBI not to recycle the 3 zero notes back into circulation each pay day. They are getting very close to the needed 2/3 of the needed collection of currency out of circulation in Iraq.
11-19-2017 Newshound Guru Kaperoni WTO may be several years away because they have little to export, but that has little to do with when the CBI acts on monetary reform. In fact, it is critical to the success of investment in Iraq. I am hopeful we will read something soon about early 2018. (fingers crossed) [reference Kaperoni post 11-18-2017]
11-19-2017 Newshound Guru Don961 Article quote: "An Iraqi parliamentarian said on Saturday that the 2018 budget assumes the export of about 3.8 million barrels per day of oil, based on an average price of about $ 43 a barrel, well below the global price of more than $ 50." This is what Iraq's oil in the budget of 2018.
11-19-2017 Newshound Guru chattels There are several countries in the world that use the U.S. dollar as it's " default " currency. Iraq will use the dinar as it best serves them. We may get lucky at some point.
11-19-2017 Newshound/Intel Guru Mnt Goat Article: "AMENDMENTS TO THE LAW OF THE CENTRAL BANK OF IRAQ ISSUED ORDER NO. (56) POSTED IN GAZETTE" ...now that Iraq is moving to another chapter in is monetary policy the old policies of the CBI needed to be updated to fit (coincide with) the new monetary direction. This is all this amendment is doing and was a necessity. Is is very significant as we can see them lining up once again for the new monetary reforms, which will eventually lead to the reinstatement of the currency.
11-18-2017 Newshound Guru Kaperoni Article: "The National Committee for Iraq's accession to the WTO organization conducts consultative meetings in Geneva on accession" The good news is it pushes currency reform forward. [...does the WTO allow members who have dual currency practice...?] I think your referring to multiple currency practice which is not what you think it is (that refers to the spread of more than 2%.... Iraq is working on reducing the MCP, and Iraq will always have both dinar and dollars. Two different things. They would have to move to Article VIII and reduce the difference between the dinar and dollar for accession into the WTO...but they are years away from that since they have nothing to export.
11-18-2017 Newshound/Intel Guru Mnt Goat Article: "(IBAN) IN BANKING TRANSACTIONS" Quote: "IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations" A few weeks ago they implemented SWIFT and it is mandated by the end of 2017 for all banks in Iraq. So now we see IBAN also in use as it is also a worldwide banking standard. Both of these banking requirements are mandatory if you are going to do international banking. Does anyone remember way back to 2012? The minister of Finance then told us then that IBAN was coming that year, but due to corruption they delayed the banking reforms until later. Now we see it.
11-18-2017 Newshound Guru Kaperoni Article: "Amendments to the Central Bank gives him the freedom to work on a wider area of law" I believe the added ability to develop the financial market (securities) is important to the plan to float the dinar. [Is there more Banking laws needed...?] Not waiting on any banking laws, just IMF compliance.
11-18-2017 Newshound/Intel Guru Mnt Goat Article: "(IBAN) IN BANKING TRANSACTIONS" Quote: "IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations" A few weeks ago they implemented SWIFT and it is mandated by the end of 2017 for all banks in Iraq. So now we see IBAN also in use as it is also a worldwide banking standard. Both of these banking requirements are mandatory if you are going to do international banking. Does anyone remember way back to 2012? The minister of Finance then told us then that IBAN was coming that year, but due to corruption they delayed the banking reforms until later. Now we see it.
11-18-2017 Newshound Guru Kaperoni Article: "Amendments to the Central Bank gives him the freedom to work on a wider area of law" I believe the added ability to develop the financial market (securities) is important to the plan to float the dinar. [Is there more Banking laws needed...?] Not waiting on any banking laws, just IMF compliance.
11-17-2017 Newshound/Intel Guru Mnt Goat ...we have seen some amazing events happen just in these last couple weeks towards monetary reforms: 1. SWIFT implementation mandated for all banks (private and state run) by end of year, which allows inter-banking transfers of money internationally. 2. IBAN implementation announcement this week which specifies standardized banking account # formats. So now SWIFT can work account to account 3. Much needed amendments to law #(56) which implements provisions of item (I) of Article (61) and Article (III) of Article (73) of the Constitution. This broadens the powers of the CBI and coincides with a more broader/wider outreach (global) to the monetary policy of Iraq. [post 1 of 2....stay tuned]
11-17-2017 Newshound/Intel Guru Mnt Goat 4. More departments of ministries come online with electronic payments as Rafidain Bank announced Friday the payment of salaries of employees of some universities and departments of the Ministry of Higher Education and Scientific Research and the departments of the Ministry of Industry and Minerals and Ministry of Water Resources departments are now getting paid electronically. 5. The CBI recently announced to its citizens that they need to circulate their cash dinars (3 zero notes) into the economy and not hoard them. Why did they do this announcement? We know the CBI needs to reduce the money supply by 2/3 prior to the RV. They have told us this many times already. So we know prior to launching a new rate they need to flush out the last of the hoarded dinars. [post 2 of 2]
11-17-2017 Newshound Guru Aggiedad77 Article quotes: "The Speaker of the House of Representatives Dr. Salim Al-Jubouri met with Mr. Mirza Hassan, Executive Director of Iraq at the World Bank." "The Speaker of the House of Representatives, Dr. Salim Al-Jubouri, Executive Director of the International Monetary Fund (IMF)..."...here is Jubouri meeting with high level entities of both the World Bank and the IMF while he is here in the US.....If you stop and consider...the orchestration that Iraq is going through right now as they prepare to tell the world they are free from terrorists and ready to get on with their lives...and remember the LL...the Long Line that wants in...they IMO are salivating wanting to step up to the plate with Iraq and move their lives back into or towards a productive mode once again...We just await Abadi to light the fuse...a short fuse IMO that will create a world-wide wildfire that will create kingdom building as maybe it has never been known before...
11-17-2017 Intel Guru RayRen98 Iraq's prime minister is congratulating his forces on retaking the last Iraqi town that was held by the Islamic State group. Article "Haider al-Abadi says in a statement released on Friday afternoon that Iraqi forces liberated Rawah in record time and are continuing operations to retake control of Iraq's western desert and the border area with Syria. The announcement came just moments after Iraq's Defense Ministry announced that Rawah — located 175 miles (275 kilometers) northwest of Baghdad — had been retaken from ISIS. The ministry said the assault on the town began at dawn and was complete within hours." Here we go!!!!!!!
11-17-2017 Newshound Guru Mnt Goat Well...it took a few more days (more like years) to get these reforms accomplished than we and the CBI anticipated. The problem in delay was of course the Nori al-Maliki years where nothing got done... Also we witnessed the raid on the CBI in late 2012 by Maliki and his goons, so this was also a major setback. Iraq is now moving ahead very quickly under the leadership of Abadi and Jubouri and just this week we witnessed an amazing feat of legislation get pushed through parliament for the amendments to the CBI law (56). [post 2 of 2]
11-17-2017 Newshound Guru Mnt Goat ...what is still to be done in order reinstate the Iraqi currency and move out of the program rate. This is a very good question and I don’t have all the answers for you…sorry! But I do remember the articles from the Finance Ministry in 2011 and 2012 and everything we are now witnessing for banking and financial reforms efforts were right in their plan as they then told us would be instituted in the “coming days”. [post 1 of 2...stay tuned]
11-17-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Iraqi parliament voted in today's session on the draft amendment of the second law of the Central Bank of Iraq for the purpose of increasing the capital and grant powers" This law is what the CBI needed and wanted for a very long time, especially since the raid on the CBI in late 2012. Remember that? It will ensure the independence of the organization and the banking industry from the government. Once ratified by the president it will then be law.
11-17-2017 Intel Guru Bruce I can tell you the rates are continuing to be traded and go up slightly. All good for our benefit. There are things happening behind the scenes that need to complete, that need to take place. Possibly take place before we go. It is all happening. I am looking forward for this to happen and looking forward for this to go down hopefully by the weekend. From what I can see out there, we are right there at the precipice, and we should be able to get exchanged here hopefully before Thanksgiving which is only a week away. Let’s see where that goes. [post 2 of 2]
11-17-2017 Intel Guru Bruce We know the intention was for Iraq to start a new series of celebrations today. I understand today they are still in prep mode for those celebrations. I do not think they started today [Thursday]. We know that it makes sense they start tomorrow instead of today because you know Iraq has been waiting for entry into or induction into the World Trade Organization, WTO...to show they are really ready to become a true international trading partner again. To do that of course they have to have a recognizable currency which is the Dinar, the Iraqi Dinar, and they have to have a rate people can see to know which the value of that Dinar is is in doing business with Iraq. My understanding is the induction into the WTO is supposed to come tomorrow [Friday]. It could be the celebration could start in conjunction with that. It could be that we start with what we are waiting for that is to be notified in conjunction with that. [post 1 of 2....stay tuned]
11-17-2017 Intel Guru Dr. Clarke ...we believe that Iraq and Vietnam, are further along, and closer to, substantially increasing the value of their currency, than ever before. So close, in fact, that we Believe and Expect Iraq, to Substantially increase the value of their Dinar, Publicly & Officially, sometime between November 17th and December 1, 2017. We particularly like the dates of Nov. 18, 19, 20, 21, 25th, 29th. We also believe and expect, that the most beneficial dates of Exchange, will be within the First 21 days of December. [reference Guru Dr. Clarke post 11-10-2017]
11-17-2017 Newshound/Intel Guru Mnt Goat 4. More departments of ministries come online with electronic payments as Rafidain Bank announced Friday the payment of salaries of employees of some universities and departments of the Ministry of Higher Education and Scientific Research and the departments of the Ministry of Industry and Minerals and Ministry of Water Resources departments are now getting paid electronically. 5. The CBI recently announced to its citizens that they need to circulate their cash dinars (3 zero notes) into the economy and not hoard them. Why did they do this announcement? We know the CBI needs to reduce the money supply by 2/3 prior to the RV. They have told us this many times already. So we know prior to launching a new rate they need to flush out the last of the hoarded dinars. [post 2 of 2]
11-17-2017 Newshound Guru Aggiedad77 Article quotes: "The Speaker of the House of Representatives Dr. Salim Al-Jubouri met with Mr. Mirza Hassan, Executive Director of Iraq at the World Bank." "The Speaker of the House of Representatives, Dr. Salim Al-Jubouri, Executive Director of the International Monetary Fund (IMF)..."...here is Jubouri meeting with high level entities of both the World Bank and the IMF while he is here in the US.....If you stop and consider...the orchestration that Iraq is going through right now as they prepare to tell the world they are free from terrorists and ready to get on with their lives...and remember the LL...the Long Line that wants in...they IMO are salivating wanting to step up to the plate with Iraq and move their lives back into or towards a productive mode once again...We just await Abadi to light the fuse...a short fuse IMO that will create a world-wide wildfire that will create kingdom building as maybe it has never been known before...
11-17-2017 Intel Guru RayRen98 Iraq's prime minister is congratulating his forces on retaking the last Iraqi town that was held by the Islamic State group. Article "Haider al-Abadi says in a statement released on Friday afternoon that Iraqi forces liberated Rawah in record time and are continuing operations to retake control of Iraq's western desert and the border area with Syria. The announcement came just moments after Iraq's Defense Ministry announced that Rawah — located 175 miles (275 kilometers) northwest of Baghdad — had been retaken from ISIS. The ministry said the assault on the town began at dawn and was complete within hours." Here we go!!!!!!!
11-17-2017 Newshound Guru Mnt Goat Well...it took a few more days (more like years) to get these reforms accomplished than we and the CBI anticipated. The problem in delay was of course the Nori al-Maliki years where nothing got done... Also we witnessed the raid on the CBI in late 2012 by Maliki and his goons, so this was also a major setback. Iraq is now moving ahead very quickly under the leadership of Abadi and Jubouri and just this week we witnessed an amazing feat of legislation get pushed through parliament for the amendments to the CBI law (56). [post 2 of 2]
11-17-2017 Newshound Guru Mnt Goat ...what is still to be done in order reinstate the Iraqi currency and move out of the program rate. This is a very good question and I don’t have all the answers for you…sorry! But I do remember the articles from the Finance Ministry in 2011 and 2012 and everything we are now witnessing for banking and financial reforms efforts were right in their plan as they then told us would be instituted in the “coming days”. [post 1 of 2...stay tuned]
11-17-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Iraqi parliament voted in today's session on the draft amendment of the second law of the Central Bank of Iraq for the purpose of increasing the capital and grant powers" This law is what the CBI needed and wanted for a very long time, especially since the raid on the CBI in late 2012. Remember that? It will ensure the independence of the organization and the banking industry from the government. Once ratified by the president it will then be law.
11-17-2017 Intel Guru Bruce I can tell you the rates are continuing to be traded and go up slightly. All good for our benefit. There are things happening behind the scenes that need to complete, that need to take place. Possibly take place before we go. It is all happening. I am looking forward for this to happen and looking forward for this to go down hopefully by the weekend. From what I can see out there, we are right there at the precipice, and we should be able to get exchanged here hopefully before Thanksgiving which is only a week away. Let’s see where that goes. [post 2 of 2]
11-17-2017 Intel Guru Bruce We know the intention was for Iraq to start a new series of celebrations today. I understand today they are still in prep mode for those celebrations. I do not think they started today [Thursday]. We know that it makes sense they start tomorrow instead of today because you know Iraq has been waiting for entry into or induction into the World Trade Organization, WTO...to show they are really ready to become a true international trading partner again. To do that of course they have to have a recognizable currency which is the Dinar, the Iraqi Dinar, and they have to have a rate people can see to know which the value of that Dinar is is in doing business with Iraq. My understanding is the induction into the WTO is supposed to come tomorrow [Friday]. It could be the celebration could start in conjunction with that. It could be that we start with what we are waiting for that is to be notified in conjunction with that. [post 1 of 2....stay tuned]
11-17-2017 Intel Guru Dr. Clarke ...we believe that Iraq and Vietnam, are further along, and closer to, substantially increasing the value of their currency, than ever before. So close, in fact, that we Believe and Expect Iraq, to Substantially increase the value of their Dinar, Publicly & Officially, sometime between November 17th and December 1, 2017. We particularly like the dates of Nov. 18, 19, 20, 21, 25th, 29th. We also believe and expect, that the most beneficial dates of Exchange, will be within the First 21 days of December. [reference Guru Dr. Clarke post 11-10-2017]
11-16-2017 Intel Guru Frank26 and Delta Banks that have been buying and selling dinar are only selling and the rate for the buyback is listed at 0.0. This is a big deal.
11-16-2017 Newshound/Intel Guru Mnt Goat we have been told that the CBI will re-educate their citizens prior to the re-instatement and issuance of the new bills and coins. No – this is not the education of just the banks but it also includes the education of the general populous of Iraq. I have been explicitly told to watch for this as a sign of the coming RV... I have not heard a peep from the CBI on this matter in a very long time.
11-16-2017 Intel Guru Frank26 IMO The speech from Abadi is coming NEXT week and not this week as I had originally thought... IMO this is required BEFORE anything really starts. IMO The third phase (the CBI and private banks) will be over in a couple of days. IMO This period will be shortened because they don't want the private banks leaking out the info. IMO They will open the rate at 1:1 but will float during a short period, however IMO it will float up faster then I originally thought...instead of months...IMO I believes the international companies are sitting there watching and waiting for it to RI and then they are going to jump on it and drive it up quickly. I am bound by what I can say without violating orders from [Guru] Walkingstick ...I cannot say a fraction of what I know right now but it’s all good.
11-16-2017 Intel Guru ADMINBILL THE NEWS EACH WEEK REMAINS THE SAME. EVERYTHING APPEARS TO BE A GO BUT THE GENTLEMAN SET TO FIRE THE STARTING GUN IS AWOL.
11-16-2017 Newshound/Intel Guru Mnt Goat Article: "OIL PRICES TOUCH $ 64 A BARREL" ...this is wonderful news since we know that oil prices must be high to RV. Why is this important? 1) It will boost the USD reserves in the CBI. Being that the program rate of the dinar is pegged to the USD; 2) It will allow the west (and China) to use their oil credits once the exchanges take place and dinar is turned in to the US Treasury. This is also why they need these other 36 oil wells in Kurkirk region to meet the needed pumping capacity to satisfy both the 2018 budget economy of Iraq and the use of the oil credits over the next 20 years; 3) It will present yet more economic stability for Iraq, something we have been told they need to continue with the next phase of the project to delete the zeros.
11-16-2017 Newshound Guru MilitiaMan Article from 04/11/2016: “Keywords: The adoption of electronic payment tools creates competition between banks” Quote: "The central bank governor Ali al-Alaq said on Wednesday that the localization of salaries is a government project aimed at transforming from a purely monetary society to the adoption of electronic payment tools." It is my opinion that what they are doing, is exactly what they told they were doing, and now it is about timing the implementation of the PROJECT!
11-16-2017 Intel Guru RayRen98 No hot new intel to share, although there are things going on – news rather than intel. There was one article that seemed of interest. It referred to ‘the battle of liberation’ at Rawa in the next two days. The article said that on Friday Rawa will be liberated, ‘resolved within the next 48 hours’, through military action. That came out today, and on Monday Iraqi television spoke of full liberation of Rawas ‘in the coming hours’. There have been articles about the WTO possibly accepting Iraq as a full member on Friday; if so, that would indicate a release for the RV, but we don’t have any hard data on that, and we have had notifications like that before leading to a false conclusion. But everything still looks good for this week, leading into Thanksgiving. I feel very good about where we are and what’s about to take place.
11-16-2017 Newshound/Intel Guru Mnt Goat we have been told that the CBI will re-educate their citizens prior to the re-instatement and issuance of the new bills and coins. No – this is not the education of just the banks but it also includes the education of the general populous of Iraq. I have been explicitly told to watch for this as a sign of the coming RV... I have not heard a peep from the CBI on this matter in a very long time.
11-16-2017 Intel Guru Frank26 IMO The speech from Abadi is coming NEXT week and not this week as I had originally thought... IMO this is required BEFORE anything really starts. IMO The third phase (the CBI and private banks) will be over in a couple of days. IMO This period will be shortened because they don't want the private banks leaking out the info. IMO They will open the rate at 1:1 but will float during a short period, however IMO it will float up faster then I originally thought...instead of months...IMO I believes the international companies are sitting there watching and waiting for it to RI and then they are going to jump on it and drive it up quickly. I am bound by what I can say without violating orders from [Guru] Walkingstick ...I cannot say a fraction of what I know right now but it’s all good.
11-16-2017 Intel Guru ADMINBILL THE NEWS EACH WEEK REMAINS THE SAME. EVERYTHING APPEARS TO BE A GO BUT THE GENTLEMAN SET TO FIRE THE STARTING GUN IS AWOL.
11-16-2017 Newshound/Intel Guru Mnt Goat Article: "OIL PRICES TOUCH $ 64 A BARREL" ...this is wonderful news since we know that oil prices must be high to RV. Why is this important? 1) It will boost the USD reserves in the CBI. Being that the program rate of the dinar is pegged to the USD; 2) It will allow the west (and China) to use their oil credits once the exchanges take place and dinar is turned in to the US Treasury. This is also why they need these other 36 oil wells in Kurkirk region to meet the needed pumping capacity to satisfy both the 2018 budget economy of Iraq and the use of the oil credits over the next 20 years; 3) It will present yet more economic stability for Iraq, something we have been told they need to continue with the next phase of the project to delete the zeros.
11-16-2017 Newshound Guru MilitiaMan Article from 04/11/2016: “Keywords: The adoption of electronic payment tools creates competition between banks” Quote: "The central bank governor Ali al-Alaq said on Wednesday that the localization of salaries is a government project aimed at transforming from a purely monetary society to the adoption of electronic payment tools." It is my opinion that what they are doing, is exactly what they told they were doing, and now it is about timing the implementation of the PROJECT!
11-16-2017 Intel Guru RayRen98 No hot new intel to share, although there are things going on – news rather than intel. There was one article that seemed of interest. It referred to ‘the battle of liberation’ at Rawa in the next two days. The article said that on Friday Rawa will be liberated, ‘resolved within the next 48 hours’, through military action. That came out today, and on Monday Iraqi television spoke of full liberation of Rawas ‘in the coming hours’. There have been articles about the WTO possibly accepting Iraq as a full member on Friday; if so, that would indicate a release for the RV, but we don’t have any hard data on that, and we have had notifications like that before leading to a false conclusion. But everything still looks good for this week, leading into Thanksgiving. I feel very good about where we are and what’s about to take place.
11-15-2017 Newshound Guru Adam Montana The dinar is looking good. I’m VERY excited about the current prospects! We might be on the verge of RV right now, which many of you are keenly aware of. Today is a great day to hold Dinar, and that’s awesome for all of us (except you lopsters, you can all go find a pot to boil in.)
11-15-2017 Intel Gurus Frank26 and Delta ...the big party is going to be on Thursday and that Iraq will announce it is liberated and...this will allow the CBI to raise the rate.
[NOTE: The below should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
11-15-2017 Guest Guru BobTheTaxMan …The key thing you have to take a look at is “what am I going to do if it comes out at this value or that value.” So when you put your strategies together realize how much dinar you have, how much you intend to have, how much you want to put into a Roth-which means you can’t have access to it for five years, but that when it comes to fruition is tax free. Here’s what I share with you just as a thought to play with…if you have 2 million dinar sitting in a Roth and it does come out at $1.17 that’s 2 million plus dollars tax free. If you can’t live on that something’s wrong. At the same time I tell you not to put all of the 2 million dinar you may have into the Roth because you can’t touch it for 5 years. And you may want to do something else. So never put all of them into one basket. But be aware you have to do several things you have to take a look at when you’re looking at the fluidity of your plan…your age, what you have already for retirement plan, what’s your diagnosis for if it comes out at 10 cents or it comes out at 50 cents or if it comes out at $1 how’s it going to work...
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
11-15-2017 Newshound/Intel Guru Mnt Goat Article XII of the WTO Agreement process states that accession to the WTO will be “on terms to be agreed” between the acceding government and the WTO. Accession to the WTO is essentially a process of negotiation — quite different from the process of accession to other international entities, like the IMF, which is largely an automatic process. ...there is no formal requirement that any nation need an international currency to be a member of the WTO. Would having an international tradable currency help? Yes- and having one would only bring great wealth to the nation. So we now know that Iraq can RV without being ascending to a full member of the WTO. This does not mean they can’t still trade with neighboring middle eastern countries, they will have to do it with the USD since the currency is still sanctioned under Chapter VII from the war. ...There is absolutely NO REQUIREMENT to have a tradable currency (or currency that can be used in trade).
11-15-2017 Intel Guru Bruce The quote unquote the announcement from Iraq that has been made. The celebration is going to follow to celebrate they are sovereign, fully liberated from ISIS and back on the world stage as an international trading partner. That celebration...my understanding is that was to begin tomorrow [Wednesday]. I haven’t been able to confirm that tonight to know that for sure but that was my understanding yesterday. I am excited where we are to the process because every day I hear more and more what is coming together for us, and roughly how close we are and the fact we are right there. [post 2 of 2]
11-15-2017 Intel Guru Bruce Right now we are in a situation where Iraq is looking to put out their actual rate for their dinar here if they haven’t done it already... I think we are looking to that possibly any moment. My understanding is their induction to the WTO, World Trade Organization, they need to have that international rate up and actively live beforehand. I don’t know how much before hand, I thought 3 days... ...the control situation for Iraq has migrated over to the Central bank of Iraq, CBI, where they have the control on releasing that rate and showing that rate. That is a real positive step Iraq has done to do what they needed to do to be inducted into the WTO on Friday. [post 1 of 2....stay tuned]
11-15-2017 Intel Guru Frank26 I believe the final segment of training with the private banks are done. I believe they are signaling that this Friday will be the finality of all this. I think there will be a statement from Abadi coming along with a national celebration by, if not on, Friday. Iraq is meeting with the WTO on Friday and I think they will be declaring that they are international before then. IMO Iraq could join the WTO with a low rate, just not a program rate because of the restrictions. However, I think the probability of this is about zero. I believe IMO that they are at least 1:1 or near it now.
11-15-2017 Intel Guru Delta Article 8 requires Iraq to have a rate that is fair for their neighbors and what will be called the "true" value.
11-15-2017 Intel Gurus Frank26 and Delta ...the big party is going to be on Thursday and that Iraq will announce it is liberated and...this will allow the CBI to raise the rate.
[NOTE: The below should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
11-15-2017 Guest Guru BobTheTaxMan …The key thing you have to take a look at is “what am I going to do if it comes out at this value or that value.” So when you put your strategies together realize how much dinar you have, how much you intend to have, how much you want to put into a Roth-which means you can’t have access to it for five years, but that when it comes to fruition is tax free. Here’s what I share with you just as a thought to play with…if you have 2 million dinar sitting in a Roth and it does come out at $1.17 that’s 2 million plus dollars tax free. If you can’t live on that something’s wrong. At the same time I tell you not to put all of the 2 million dinar you may have into the Roth because you can’t touch it for 5 years. And you may want to do something else. So never put all of them into one basket. But be aware you have to do several things you have to take a look at when you’re looking at the fluidity of your plan…your age, what you have already for retirement plan, what’s your diagnosis for if it comes out at 10 cents or it comes out at 50 cents or if it comes out at $1 how’s it going to work...
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
11-15-2017 Newshound/Intel Guru Mnt Goat Article XII of the WTO Agreement process states that accession to the WTO will be “on terms to be agreed” between the acceding government and the WTO. Accession to the WTO is essentially a process of negotiation — quite different from the process of accession to other international entities, like the IMF, which is largely an automatic process. ...there is no formal requirement that any nation need an international currency to be a member of the WTO. Would having an international tradable currency help? Yes- and having one would only bring great wealth to the nation. So we now know that Iraq can RV without being ascending to a full member of the WTO. This does not mean they can’t still trade with neighboring middle eastern countries, they will have to do it with the USD since the currency is still sanctioned under Chapter VII from the war. ...There is absolutely NO REQUIREMENT to have a tradable currency (or currency that can be used in trade).
11-15-2017 Intel Guru Bruce The quote unquote the announcement from Iraq that has been made. The celebration is going to follow to celebrate they are sovereign, fully liberated from ISIS and back on the world stage as an international trading partner. That celebration...my understanding is that was to begin tomorrow [Wednesday]. I haven’t been able to confirm that tonight to know that for sure but that was my understanding yesterday. I am excited where we are to the process because every day I hear more and more what is coming together for us, and roughly how close we are and the fact we are right there. [post 2 of 2]
11-15-2017 Intel Guru Bruce Right now we are in a situation where Iraq is looking to put out their actual rate for their dinar here if they haven’t done it already... I think we are looking to that possibly any moment. My understanding is their induction to the WTO, World Trade Organization, they need to have that international rate up and actively live beforehand. I don’t know how much before hand, I thought 3 days... ...the control situation for Iraq has migrated over to the Central bank of Iraq, CBI, where they have the control on releasing that rate and showing that rate. That is a real positive step Iraq has done to do what they needed to do to be inducted into the WTO on Friday. [post 1 of 2....stay tuned]
11-15-2017 Intel Guru Frank26 I believe the final segment of training with the private banks are done. I believe they are signaling that this Friday will be the finality of all this. I think there will be a statement from Abadi coming along with a national celebration by, if not on, Friday. Iraq is meeting with the WTO on Friday and I think they will be declaring that they are international before then. IMO Iraq could join the WTO with a low rate, just not a program rate because of the restrictions. However, I think the probability of this is about zero. I believe IMO that they are at least 1:1 or near it now.
11-15-2017 Intel Guru Delta Article 8 requires Iraq to have a rate that is fair for their neighbors and what will be called the "true" value.
11-14-2017 Newshound Guru Stryker Second Amendments to the 2004 CBI Law is Done...Iraqi Parliament voted on the second amendment to the 2004 CBI Law this morning...
11-17-2017 Newshound Guru Don961 With Speaker Jubouri in America ... it seems Parliament got some work done ...finally voting on that CBI law to "keep pace with global economic development " ... reading laws related to transparency in investing arbitration ,.... promoting tourism and Iraq's rich history and antiquities as additional income streams...imo.
11-14-2017 Newshound Guru sandyf Of course Iraq can revalue at any time, done it several times over the years. A significant change can only be done at certain points in time. There is no precedent for anything other than percentage points on an overnight basis. [What are those "points in time?"...for any "significant" change...] It would need to be coincidental with an accounting period. Normally the smallest period would be a month... It should be fairly obvious that you cannot change wages an invoicing arrangements during a financial period. Also the structure of public companies would have to be altered. To understand the implications of a 'significant' change, people should look to what actually takes place during a redenomination. Zambia published online a set of technical guidelines for theirs which is well worth reading. A significant revaluation would be the equivalent of a redenomination without a change in currency code.
11-14-2017 Newshound Guru Kaperoni Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq..." Parliament voted on CBI law.
11-14-2017 Intel Guru RayRen98 On Monday, Parliament passed 4 laws, and voted to give the CBI the ability to increase its capital and granting powers. Abadi's speech did not pinpoint the exact date of the "largest celebration ever in Iraq" however...I have just learned of that designated day but am awaiting further detail before disclosing it. Well, it's Terrific Tuesday and we're not even halfway yet! Time Will Tell!!
11-14-2017 Newshound Guru G-Lin Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) and submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq and keep abreast of global economic development..."] [...great to see a vote finally on the cbi law ,this is one of the laws the IMF has asked for ,does it have to go into the gazette or is it now law...] I believe it needs to be entered into the Gazette or signed by the Pres. It usually happens rather quickly.
11-14-2017 Newshound/Intel Guru Mnt Goat Article quote: "A member of the Committee on oil and energy parliamentary Razak Muhaibis, on Sunday, the government to send a draft law of oil and gas to the House of Representatives in order to vote on him, saying that the draft law "has been" since two parliamentary sessions because of "objection" the outgoing Kurdistan Region President Massoud Barzani and his party." ...now we know the truth 1) the oil and gas law is not yet completed; 2) it has been blocked by Kurdistan; 3) it is ABSOLUTELY needed prior to any RV.
11-14-2017 Intel Guru RayRen98 [...what are your most recent thoughts on the dong?] Nothing’s changed with the dong; rates have been 47 cents for a long time, with some chance of being $2+. We’ll have to wait on that, but I expect it to revalue with the dinar or shortly thereafter.
11-14-2017 Guest Newshound Guru Apmcrx Finalising Basel III reforms: Press release: "The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, welcomes the progress made towards completing the Basel Committee’s post-crisis regulatory reforms." “The Committee will keep working to finalise its reforms aimed at fixing shortcomings highlighted by the financial crisis to make banks safer and more resilient,” Upcoming meetings: 12-13 December 2017 (Basel, Switzerland)
11-17-2017 Newshound Guru Don961 With Speaker Jubouri in America ... it seems Parliament got some work done ...finally voting on that CBI law to "keep pace with global economic development " ... reading laws related to transparency in investing arbitration ,.... promoting tourism and Iraq's rich history and antiquities as additional income streams...imo.
11-14-2017 Newshound Guru sandyf Of course Iraq can revalue at any time, done it several times over the years. A significant change can only be done at certain points in time. There is no precedent for anything other than percentage points on an overnight basis. [What are those "points in time?"...for any "significant" change...] It would need to be coincidental with an accounting period. Normally the smallest period would be a month... It should be fairly obvious that you cannot change wages an invoicing arrangements during a financial period. Also the structure of public companies would have to be altered. To understand the implications of a 'significant' change, people should look to what actually takes place during a redenomination. Zambia published online a set of technical guidelines for theirs which is well worth reading. A significant revaluation would be the equivalent of a redenomination without a change in currency code.
11-14-2017 Newshound Guru Kaperoni Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq..." Parliament voted on CBI law.
11-14-2017 Intel Guru RayRen98 On Monday, Parliament passed 4 laws, and voted to give the CBI the ability to increase its capital and granting powers. Abadi's speech did not pinpoint the exact date of the "largest celebration ever in Iraq" however...I have just learned of that designated day but am awaiting further detail before disclosing it. Well, it's Terrific Tuesday and we're not even halfway yet! Time Will Tell!!
11-14-2017 Newshound Guru G-Lin Article: "The House of Representatives votes on two laws and ends reading five laws" Quote: "The Council completed the vote on the second draft law of the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) and submitted by the financial committees and the economy and investment for the purpose of increasing the capital of the Central Bank of Iraq and keep abreast of global economic development..."] [...great to see a vote finally on the cbi law ,this is one of the laws the IMF has asked for ,does it have to go into the gazette or is it now law...] I believe it needs to be entered into the Gazette or signed by the Pres. It usually happens rather quickly.
11-14-2017 Newshound/Intel Guru Mnt Goat Article quote: "A member of the Committee on oil and energy parliamentary Razak Muhaibis, on Sunday, the government to send a draft law of oil and gas to the House of Representatives in order to vote on him, saying that the draft law "has been" since two parliamentary sessions because of "objection" the outgoing Kurdistan Region President Massoud Barzani and his party." ...now we know the truth 1) the oil and gas law is not yet completed; 2) it has been blocked by Kurdistan; 3) it is ABSOLUTELY needed prior to any RV.
11-14-2017 Intel Guru RayRen98 [...what are your most recent thoughts on the dong?] Nothing’s changed with the dong; rates have been 47 cents for a long time, with some chance of being $2+. We’ll have to wait on that, but I expect it to revalue with the dinar or shortly thereafter.
11-14-2017 Guest Newshound Guru Apmcrx Finalising Basel III reforms: Press release: "The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, welcomes the progress made towards completing the Basel Committee’s post-crisis regulatory reforms." “The Committee will keep working to finalise its reforms aimed at fixing shortcomings highlighted by the financial crisis to make banks safer and more resilient,” Upcoming meetings: 12-13 December 2017 (Basel, Switzerland)
11-13-2017 Newshound Guru Kaperoni [what are we all waiting on now and what is the holdup/status?] Same as before...laws, stability, corruption, investment. This is a process that takes time. They are inching closer each day.
11-13-2017 Intel Guru RayRen98 Some currency people are planning to go into the bank on Tuesday/Wednesday to exchange their currencies and especially the dinar. Anything could possibly roll out. As for today, Rawa was supposed to be liberated over the weekend, or so it was said on the television in Iraq...with preparations complete for the celebration, although that might be affected by the earthquake yesterday. Parliament is meeting tomorrow “for an historic day”. We don’t know if that the cause or the result. US banks are on alert for between now and Friday. Expectations are good for this week, with sources saying everything from half-done to completely done. These are expectations, not guarantees, but they are all good. [post 2 of 2]
11-13-2017 Intel Guru RayRen98 The HCL payments were supposed to start over the weekend at the new rates...and we are still waiting for that information, if it has started or not. There was also the anticipation of PM Abadi making an announcement over the weekend that would leave no doubt as to where we would be standing. We have been told that they are setting up for the biggest celebration ever in Iraq, with bleachers and platforms being set up. Some military people have announced that it’s all over...bar the shouting, and the shouting is that big celebration. The bank folks were/are all on high expectation for something happening this week. [post 1 of 2....stay tuned]
11-13-2017 Newshound Guru Breitling …In other words we’re safe all the way up to $1.17…But if a war actually breaks out…So what’s Iraq’s plan? Iraq wants to get to $1.17 and then they actually put on the table a different economic plan which get’s them to $3.25. So that plan is going to be completely put to the wayside until the civil war is over with…IF it comes. So that’s the threat if they have an Islamic civil war in the Middle East…the $3.25 rate which Iraq wants to get to. But up to $1.17 you’re fine…I’m not saying they’re going to come out there. They’ll probably come out way lower and build their way up. So the turmoil in the middle east is only a threat from $1.17 on up. Up to $1.17 it is not. Nothing may come of it but that’s the way you have to plan for it…Here are a couple scenarios that can happen. And I have a game plan for each and everyone of them. Some people can stay in and risk because they have a lot more dinar. Some people, when it revalues at whatever rate, they need to get out. However it works out but that’s the way it is. So remember it’s [Islamic Civil War] a threat to the higher rate not the lower rate… [Post 2 of 2]
11-13-2017 Newshound/Intel Guru Mnt Goat Article quote: "The economic adviser to the Prime Minister, the appearance of Mohammed Saleh, Thursday, November 9, 2017 that the territory of northern Iraq will receive his share of the draft federal budget of the country for the year 2018..." We see Baghdad being tough on the KRG. Saleh is trying to account for all the oil revenues from that region. Too much past corruption in the KRG. Why does Iraq have to borrow money to meet its deficit each year? They are a very rich country. I will tell you why – RAMPID CORRUPTION from the top political elite. The GOI has to clean this up. They are trying to balance the 2018 budget. These are all reasons why they are holding back on the final vote of the budget... I can assure you they are not holding back the budget due to the RV…
11-13-2017 Guest Newshound Guru Apmcrx Article from April 26 2017: "Iraqi banks .... and the road map to Basel 3" Quotes: "Based on the results of this experiment, the final modifications and treatments will be made on the components of this ratio in the first half of 2017, and will be applied definitively and effectively from the beginning of 2018." "Due to the limited time available to the Iraqi banks or the Central Bank of Iraq, we suggest that the time is invested properly and the 2017 allocation for intensive training with the pilot application of all the axes and requirements of Basel 3, with practical application starting from the beginning of 2018" By the way In CBI you can find plenty articles talking about basel 3 in 2017. If Basel 3 is international banking compliance then....(fireworks).
11-13-2017 Newshound Guru Breitling …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down. The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process. That would mean they know everything, that they would know exactly what’s coming down the road. And that’s not the case. That’s never the case. You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right? Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17... [Post 1 of 2 Stay tuned for the rest of the story]
11-13-2017 Newshound Guru Don961 Article: "6 tons of gold intervened monthly through the airports of Baghdad and Najaf" trusted by many in Iraq, gold imports beginning to pick up steam ... whenever Iraq begins mining their own gold resources, ... they will not just be bringing in gold from other countries, collecting tariffs and fees ... but they could possibly become the gold hub of the ME ... imo.
11-13-2017 Intel Guru RayRen98 Some currency people are planning to go into the bank on Tuesday/Wednesday to exchange their currencies and especially the dinar. Anything could possibly roll out. As for today, Rawa was supposed to be liberated over the weekend, or so it was said on the television in Iraq...with preparations complete for the celebration, although that might be affected by the earthquake yesterday. Parliament is meeting tomorrow “for an historic day”. We don’t know if that the cause or the result. US banks are on alert for between now and Friday. Expectations are good for this week, with sources saying everything from half-done to completely done. These are expectations, not guarantees, but they are all good. [post 2 of 2]
11-13-2017 Intel Guru RayRen98 The HCL payments were supposed to start over the weekend at the new rates...and we are still waiting for that information, if it has started or not. There was also the anticipation of PM Abadi making an announcement over the weekend that would leave no doubt as to where we would be standing. We have been told that they are setting up for the biggest celebration ever in Iraq, with bleachers and platforms being set up. Some military people have announced that it’s all over...bar the shouting, and the shouting is that big celebration. The bank folks were/are all on high expectation for something happening this week. [post 1 of 2....stay tuned]
11-13-2017 Newshound Guru Breitling …In other words we’re safe all the way up to $1.17…But if a war actually breaks out…So what’s Iraq’s plan? Iraq wants to get to $1.17 and then they actually put on the table a different economic plan which get’s them to $3.25. So that plan is going to be completely put to the wayside until the civil war is over with…IF it comes. So that’s the threat if they have an Islamic civil war in the Middle East…the $3.25 rate which Iraq wants to get to. But up to $1.17 you’re fine…I’m not saying they’re going to come out there. They’ll probably come out way lower and build their way up. So the turmoil in the middle east is only a threat from $1.17 on up. Up to $1.17 it is not. Nothing may come of it but that’s the way you have to plan for it…Here are a couple scenarios that can happen. And I have a game plan for each and everyone of them. Some people can stay in and risk because they have a lot more dinar. Some people, when it revalues at whatever rate, they need to get out. However it works out but that’s the way it is. So remember it’s [Islamic Civil War] a threat to the higher rate not the lower rate… [Post 2 of 2]
11-13-2017 Newshound/Intel Guru Mnt Goat Article quote: "The economic adviser to the Prime Minister, the appearance of Mohammed Saleh, Thursday, November 9, 2017 that the territory of northern Iraq will receive his share of the draft federal budget of the country for the year 2018..." We see Baghdad being tough on the KRG. Saleh is trying to account for all the oil revenues from that region. Too much past corruption in the KRG. Why does Iraq have to borrow money to meet its deficit each year? They are a very rich country. I will tell you why – RAMPID CORRUPTION from the top political elite. The GOI has to clean this up. They are trying to balance the 2018 budget. These are all reasons why they are holding back on the final vote of the budget... I can assure you they are not holding back the budget due to the RV…
11-13-2017 Guest Newshound Guru Apmcrx Article from April 26 2017: "Iraqi banks .... and the road map to Basel 3" Quotes: "Based on the results of this experiment, the final modifications and treatments will be made on the components of this ratio in the first half of 2017, and will be applied definitively and effectively from the beginning of 2018." "Due to the limited time available to the Iraqi banks or the Central Bank of Iraq, we suggest that the time is invested properly and the 2017 allocation for intensive training with the pilot application of all the axes and requirements of Basel 3, with practical application starting from the beginning of 2018" By the way In CBI you can find plenty articles talking about basel 3 in 2017. If Basel 3 is international banking compliance then....(fireworks).
11-13-2017 Newshound Guru Breitling …The best strategy you can have is to be able to put different situations in front of you and have a game plan for each and every one of them that comes down. The top leaders in our country actually put together a strategy, they don’t just pick an A to Z strategy process. That would mean they know everything, that they would know exactly what’s coming down the road. And that’s not the case. That’s never the case. You have to know the different variables coming down the road and the different possibilities…I want to talk about the rate, there are articles coming out that we have Saudi Arabia pointing their fingers at Iran saying…these missiles coming from Yemen that’s a declaration of war…If there’s going to be an Islamic civil war that’s going to affect Iraq right? Absolutely it is…remember the Iraqi dinar is completely manipulated..If…IF…there is an Islamic civil war…It’s not a threat to $1.17... [Post 1 of 2 Stay tuned for the rest of the story]
11-13-2017 Newshound Guru Don961 Article: "6 tons of gold intervened monthly through the airports of Baghdad and Najaf" trusted by many in Iraq, gold imports beginning to pick up steam ... whenever Iraq begins mining their own gold resources, ... they will not just be bringing in gold from other countries, collecting tariffs and fees ... but they could possibly become the gold hub of the ME ... imo.
11-12-2017 Intel Guru RayRen98 Iraqi TV is reportedly informing its viewers that within hours the town of Rawa will be liberated. Baghdad is preparing itself for the largest celebration of TOTAL liberation of ISIS from the country of Iraq. Platforms are again being created with music and fireworks in the plans making this the most significant event on record. Time Will Tell!!!
11-12-2017 Newshound Guru Don961 Article: "Float Egyptian Pound led to control the black market" Quote: "...floating the pound...has achieved many positive and desired goals, the most important of which is the decline of the role and control of the black market and the stability of currency rates..." Floating that pound hurt for sure ... but...they got the black market corruption under control and stabilized the currency ... it also appears that Egypt had a problem with China sending them sub-par quality goods for precious USDs ... just like Iraq has reported receiving poor quality goods from their "brotherly" neighbor Iran for the CBI's precious USDs ... imo...we'll have to see how Iraq's proposed float will turn out ...
11-12-2017 Intel/Newshound Guru sandyf "The Tariff Law - "The new tariff, which went into effect on January 19, imposes a 30 percent customs duty on imported goods coming through Iraq's crossing points, exempting the autonomous region of Kurdistan." When the Tariff Law was introduced Iraq needed Kurdistan to help clear ISIS so they exempted them from the law, but in doing so stopped any further dealings with the WTO. Things have changed, Iraq can now take control and recommence the process, starting this Friday.
11-12-2017 Newshound Guru Don961 Article: "Float Egyptian Pound led to control the black market" Quote: "...floating the pound...has achieved many positive and desired goals, the most important of which is the decline of the role and control of the black market and the stability of currency rates..." Floating that pound hurt for sure ... but...they got the black market corruption under control and stabilized the currency ... it also appears that Egypt had a problem with China sending them sub-par quality goods for precious USDs ... just like Iraq has reported receiving poor quality goods from their "brotherly" neighbor Iran for the CBI's precious USDs ... imo...we'll have to see how Iraq's proposed float will turn out ...
11-12-2017 Intel/Newshound Guru sandyf "The Tariff Law - "The new tariff, which went into effect on January 19, imposes a 30 percent customs duty on imported goods coming through Iraq's crossing points, exempting the autonomous region of Kurdistan." When the Tariff Law was introduced Iraq needed Kurdistan to help clear ISIS so they exempted them from the law, but in doing so stopped any further dealings with the WTO. Things have changed, Iraq can now take control and recommence the process, starting this Friday.
11-11-2017 Intel Guru Okie_Oil_Man GOOD MORNING SHIPS AT SEA & ALL OUR WORLDWIDE FRIENDS. I'M FEELING BETTER TODAY BUT STILL HUNTING THOSE ELUSIVE 800 NUMBERS. WILL REPORT BACK LATER. HAPPY VETERANS DAY.
11-11-2017 Intel Guru Dr. Clarke DONG RATES. We believe & expect the Vietnamese Dong rates to substantially move within 24 hours of the Dinar rate offering. We have reason to believe that the optimum exchange rate window of the Dong, could see the same 10 day opportunity. HOWEVER, there is a real strong chance, that the DONG rates will not move much, if at all, until more than 30 days after the Dinar, simply because they are on a different schedule in Vietnam, concerning their REGIONAL CONCERNS, and the fact that it is a completely separate economy, with separate dynamics. While the door is open to raise the rate at or close to when the Dinar moves, there is also strong indications, that they may choose to wait a few weeks, to move it up, and WE ALSO BELIEVE they will progressively, and slowly move it up, over a period of MONTHS, to slowly integrate and control inflation in Vietnam. We believe Vietnam will come out with an initial, substantial rate increase in the $1.00 range, similar to Iraq, making the $1.00 - 1 Dong, a common sense move. [post 3 of 3]
11-11-2017 Intel Guru Dr. Clarke In the U.S., we expect an exchange rate of close to $4.00, within the first 10 days of Iraq’s new offering. We do however, believe & expect that Iraq will move their Dinar rate up a little more, sometime after the first 90 days of the new introduction, depending on how things look from an inflationary standpoint, as well as, lower denominations integration, bank flow of new customers and level of security reached and managed. In any event, we believe the optimum time of exchange of the Dinar, will be within the 1st 10 days, after the initial, substantial increase, Publicly & Officially. WHEN THE RATE MOVES UP SUBSTANTIALLY, THEN EVERYTHING & EVERYONE, WILL THEN GET THE OPPORTUNITY TO EXCHANGE. [post 2 of 3....stay tuned]
11-11-2017 Intel Guru Dr. Clarke We believe the 1st substantial, public Rate increase that Iraq will come out with, will be in the $1.40 range, within Iraq. Common sense would seem to indicate a $1.00 - 1 dinar equivalent... our hunch is around $1.40, give or take a few cents. WHY? Because the Price of OIL, is the baseline foundation to the wealth of Iraq, and now, according to PLAN, the OIL prices are going UP...this will continue... According to history, and the way things work, that $1.40 range rate, will be picked up by world markets instantly, and traded on exchanges. The exchange rates within every country will be different. [post 1 of 3....stay tuned]
11-11-2017 Newshound/Intel Guru Mnt Goat Article: "LEAKS OF SECRET MEETING OF SECURITY LEADERS .. PESHMERGA EITHER POLICE FORCES OR PART OF THE IRAQI ARMY" ...this article is yet more evidence...that the GOI is breaking up the “Kurdistan Region” autonomy and moving them to a provincial kind of separate states, much like the rest of Iraq. They have to do this because they no longer want to continue with this threat of them becoming a separated state from Iraq, as the vote for independence (referendum) showed could happen.
11-11-2017 Newshound Guru MilitiaMan [According to an email...showing the World Trade Organization (WTO) schedule for the upcoming week:] "Informal Working Party on the ACCESSION OF IRAQ to the WTO is scheduled for 10 a.m., Friday, Nov. 17, 2017" Now how cool it that. WTO accession on 11/17/2017... Who said next year into 2018 today? lol WE all know the indicators Iraq has given us, have this on target for completion and this is a reality...
11-11-2017 Intel Guru Dr. Clarke DONG RATES. We believe & expect the Vietnamese Dong rates to substantially move within 24 hours of the Dinar rate offering. We have reason to believe that the optimum exchange rate window of the Dong, could see the same 10 day opportunity. HOWEVER, there is a real strong chance, that the DONG rates will not move much, if at all, until more than 30 days after the Dinar, simply because they are on a different schedule in Vietnam, concerning their REGIONAL CONCERNS, and the fact that it is a completely separate economy, with separate dynamics. While the door is open to raise the rate at or close to when the Dinar moves, there is also strong indications, that they may choose to wait a few weeks, to move it up, and WE ALSO BELIEVE they will progressively, and slowly move it up, over a period of MONTHS, to slowly integrate and control inflation in Vietnam. We believe Vietnam will come out with an initial, substantial rate increase in the $1.00 range, similar to Iraq, making the $1.00 - 1 Dong, a common sense move. [post 3 of 3]
11-11-2017 Intel Guru Dr. Clarke In the U.S., we expect an exchange rate of close to $4.00, within the first 10 days of Iraq’s new offering. We do however, believe & expect that Iraq will move their Dinar rate up a little more, sometime after the first 90 days of the new introduction, depending on how things look from an inflationary standpoint, as well as, lower denominations integration, bank flow of new customers and level of security reached and managed. In any event, we believe the optimum time of exchange of the Dinar, will be within the 1st 10 days, after the initial, substantial increase, Publicly & Officially. WHEN THE RATE MOVES UP SUBSTANTIALLY, THEN EVERYTHING & EVERYONE, WILL THEN GET THE OPPORTUNITY TO EXCHANGE. [post 2 of 3....stay tuned]
11-11-2017 Intel Guru Dr. Clarke We believe the 1st substantial, public Rate increase that Iraq will come out with, will be in the $1.40 range, within Iraq. Common sense would seem to indicate a $1.00 - 1 dinar equivalent... our hunch is around $1.40, give or take a few cents. WHY? Because the Price of OIL, is the baseline foundation to the wealth of Iraq, and now, according to PLAN, the OIL prices are going UP...this will continue... According to history, and the way things work, that $1.40 range rate, will be picked up by world markets instantly, and traded on exchanges. The exchange rates within every country will be different. [post 1 of 3....stay tuned]
11-11-2017 Newshound/Intel Guru Mnt Goat Article: "LEAKS OF SECRET MEETING OF SECURITY LEADERS .. PESHMERGA EITHER POLICE FORCES OR PART OF THE IRAQI ARMY" ...this article is yet more evidence...that the GOI is breaking up the “Kurdistan Region” autonomy and moving them to a provincial kind of separate states, much like the rest of Iraq. They have to do this because they no longer want to continue with this threat of them becoming a separated state from Iraq, as the vote for independence (referendum) showed could happen.
11-11-2017 Newshound Guru MilitiaMan [According to an email...showing the World Trade Organization (WTO) schedule for the upcoming week:] "Informal Working Party on the ACCESSION OF IRAQ to the WTO is scheduled for 10 a.m., Friday, Nov. 17, 2017" Now how cool it that. WTO accession on 11/17/2017... Who said next year into 2018 today? lol WE all know the indicators Iraq has given us, have this on target for completion and this is a reality...
11-10-2017 Intel Guru Dr. Clarke ...we knew that the hammer was coming down on Kurdistan & Barzani...and this was BIG BIG BIG! ...WHY? It was EVERYTHING! Because...YOUR INVESTMENT IN IRAQ, IS AN INVESTMENT IN O - I - L. Without OIL, you have NO INVESTMENT, folks! NO MONEY! This is where your MONEY is coming from. ALL OF IT! PERIOD! Folks, KURDISTAN = OIL = BIG MONEY...It’s Iraq’s BIG JACKPOT...IRAQ is now Complete...so to Speak...we believe that Iraq and Vietnam, are further along, and closer to, substantially increasing the value of their currency, than ever before. So close, in fact, that we Believe and Expect Iraq, to Substantially increase the value of their Dinar, Publicly & Officially, sometime between November 17th and December 1, 2017. We particularly like the dates of Nov. 18, 19, 20, 21, 25th, 29th. We also believe and expect, that the most beneficial dates of Exchange, will be within the First 21 days of December. [post 3 of 3]
11-10-2017 Intel Guru Dr. Clarke ...but we will say, that over the past 22 months and 10 days that we’ve been here, that exact “Time”, has changed at the last minute...just 3 different times...and you see, the Dong is just riding along on the coat-tails of the Iraqi Dinar, meaning that at some point AFTER the Dinar moves, the Dong will move. What’s kept these 2 currencies from substantially increasing over the past, nearly 2 years? REGIONAL SAFETY & STABILITY…But ONE significant fact that you should know, is that OIL prices were dropped in 2014-15 so low, to intentionally bankrupt ISIS, for it was their #1 source of Income...and all MAJOR NATIONS agreed to it - to take the hit for as long as it took, to choke them off financially, thus allowing a collapse. Now, that’s why you see OIL coming back, and it will continue to raise...this is a BIG FACTOR...NOW, they see the opportunity to finally begin making that money back, which they lost over the past 3 years...in Many different ways. [post 2 of 3....stay tuned]
11-10-2017 Intel Guru Dr. Clarke Over the years, there has been more than 1 Plan, to substantially increase the value of Iraq’s currency, as well as Vietnam’s currency. We only talk about the Dinar & the Dong, because these are the only 2 currencies, we have interest in. We believe that all other currencies for now, are simply “Not a good investment”, too speculative, not timed right, and fraught with too many disqualifying factors, for substantial increase, anytime soon, if EVER. We have NO strong evidence to the contrary. However, the Iraq Dinar and the Vietnam Dong is different. We believe that BOTH of these, are a VERY GOOD Gamble, and we don’t see that changing. All of you that say, “Nobody knows the timing”, would be Wrong. There ARE those that know EXACTLY when these 2 currencies will increase substantially. They know the Day and the Rates. Make No Mistake... [post 1 of 3....stay tuned]
11-10-2017 Newshound/Intel Guru Mnt Goat We have heard many times from the IMF their recommendation that Iraq peg their new currency to a basket of 5 currencies, when they reinstate it to the global markets. They also told us they recommend at this time that the IQD can withstand an initial reinstatement rate of around 1 IQD to $1.15 USD. If I were you I would not expect much more that in the range of around $1.00+ for an initial rate.
11-10-2017 Newshound Guru mike Article: "Despite the crisis .. Kurdistan paid about $ 100 million for oil producers" The Kurd's are on the ropes, Baghdad has stopped the dollar auctions and will freeze banking activity within the week, essentially cutting off Kurdish revenue and economic activity. With Iraq's PMU and other militia's controlling the borders it's going to be tougher for the Kurd's to get oil out of the region, I'm betting the pipeline to Ceyhan has been compromised and now the fleets of oil trucks will also be stopped. The last thing the Kurd's need is for the oil companies to abandon them. By now, we all know that Baghdad's GOI is riddled with corruption and directly influenced by Iran, this wasn't the horse to pick in the race. The Iraqi constitution has become a tool for those in power to gain advantages and stall progress. Article 140 and other portions are completely ignored at the expense of the minority Kurd's, Turkmen, Christians and Yazidi's. Barzani overstepped, Hero Talabani sold out to Soleimani and the Kurd's will pay the price for the failure of their leadership. IMO.
11-10-2017 Intel Guru Frank26 IMO...There are NO...Issues with the HCL and the KURDS and The GOI and the Budget and A!!! Finally...A Retro Active Action by the GOI will allow any day of 2017 to be...THE MOOKLA. [In The Still Of The Night...] Indeed ...It will arrive in this manner.
11-10-2017 Newshound/Intel Guru Mnt Goat Article: "The Central Bank of Iraq, all banks not to sell the dollar to its branches in the Kurdistan region." I can tell you without a shadow of a doubt this action has nothing to do with the RV. This action is all about Kurdistan and their corruption. They were pumping billions of dollars out of Iraq into private accounts by their political leaders. They were also selling dollars thru private venders, charging enormous spreads. This was causing the rate of the USD vs IQD to be high. This lowers the rate of the IQD. These auctions are the only way you can get US dollars in Iraq, legally and so an opportunity to re-sell them in the black market. This was one of the reasons for the downturn in the CBI reserves too and MCP problems. Once this was discovered they stopped them from participating in the currency auctions windows until this is resolved.
11-10-2017 Newshound/Intel Guru BGG Article: "A simulation of the dinar exchange rate linked to a basket of currencies" It does not mean that a basket of currencies are going to be revalued at the same time...that's not what they are talking about. It's referring to International reintegration...bringing Iraq back into the fold.
11-10-2017 Intel Guru Bruce The exchange locations and Redemption Centers are.. including the banks are connected to all the banks around the world and the central banks around the world. Everyone is interconnected as of 1:15 pm this afternoon EST [Thursday]. All these banking institutions and banking centers are hooked up to the new Swift System... all set up through satellite, all hooked up and all ready to go. They have been staffed, on high alert, and ready to go. The Central Banks around the world are all interconnected also on a separate system called the RTGS or Real Time Global System, keeping them in communication with each other. That has been done the last couple of days... I have heard we are in a kind of another window now to be notified. There has been more things that have been accomplished the last couple of days even today that we didn’t know was needed. I think we are looking for everything to proceed here in the next few days. That is what I am hearing. ...we hear rates have been traded up and continue to be traded up. We will be pleased with them.
11-10-2017 Intel Guru RayRen98 [A few months back, my bank gave me rates for selling and buying, and now they say they will never deal with dinar.] Maybe YOUR bank is doing that, but there is no doubt in my mind that we are moving forward, whether your bank is participating or not. ...we still have 60+ banks that do exchange dinar already – we’re just waiting for the rate to change. ...We are looking for the US rate to be $3.71 or higher. If there is an RV, and the rate is $2, then you already know the rate’s being suppressed. So how long will they hold the rate at $2, knowing that eventually it will be $3.71? You know it’s going to get there in the end, because it’s the country’s currency.
11-10-2017 Intel Guru Dr. Clarke ...but we will say, that over the past 22 months and 10 days that we’ve been here, that exact “Time”, has changed at the last minute...just 3 different times...and you see, the Dong is just riding along on the coat-tails of the Iraqi Dinar, meaning that at some point AFTER the Dinar moves, the Dong will move. What’s kept these 2 currencies from substantially increasing over the past, nearly 2 years? REGIONAL SAFETY & STABILITY…But ONE significant fact that you should know, is that OIL prices were dropped in 2014-15 so low, to intentionally bankrupt ISIS, for it was their #1 source of Income...and all MAJOR NATIONS agreed to it - to take the hit for as long as it took, to choke them off financially, thus allowing a collapse. Now, that’s why you see OIL coming back, and it will continue to raise...this is a BIG FACTOR...NOW, they see the opportunity to finally begin making that money back, which they lost over the past 3 years...in Many different ways. [post 2 of 3....stay tuned]
11-10-2017 Intel Guru Dr. Clarke Over the years, there has been more than 1 Plan, to substantially increase the value of Iraq’s currency, as well as Vietnam’s currency. We only talk about the Dinar & the Dong, because these are the only 2 currencies, we have interest in. We believe that all other currencies for now, are simply “Not a good investment”, too speculative, not timed right, and fraught with too many disqualifying factors, for substantial increase, anytime soon, if EVER. We have NO strong evidence to the contrary. However, the Iraq Dinar and the Vietnam Dong is different. We believe that BOTH of these, are a VERY GOOD Gamble, and we don’t see that changing. All of you that say, “Nobody knows the timing”, would be Wrong. There ARE those that know EXACTLY when these 2 currencies will increase substantially. They know the Day and the Rates. Make No Mistake... [post 1 of 3....stay tuned]
11-10-2017 Newshound/Intel Guru Mnt Goat We have heard many times from the IMF their recommendation that Iraq peg their new currency to a basket of 5 currencies, when they reinstate it to the global markets. They also told us they recommend at this time that the IQD can withstand an initial reinstatement rate of around 1 IQD to $1.15 USD. If I were you I would not expect much more that in the range of around $1.00+ for an initial rate.
11-10-2017 Newshound Guru mike Article: "Despite the crisis .. Kurdistan paid about $ 100 million for oil producers" The Kurd's are on the ropes, Baghdad has stopped the dollar auctions and will freeze banking activity within the week, essentially cutting off Kurdish revenue and economic activity. With Iraq's PMU and other militia's controlling the borders it's going to be tougher for the Kurd's to get oil out of the region, I'm betting the pipeline to Ceyhan has been compromised and now the fleets of oil trucks will also be stopped. The last thing the Kurd's need is for the oil companies to abandon them. By now, we all know that Baghdad's GOI is riddled with corruption and directly influenced by Iran, this wasn't the horse to pick in the race. The Iraqi constitution has become a tool for those in power to gain advantages and stall progress. Article 140 and other portions are completely ignored at the expense of the minority Kurd's, Turkmen, Christians and Yazidi's. Barzani overstepped, Hero Talabani sold out to Soleimani and the Kurd's will pay the price for the failure of their leadership. IMO.
11-10-2017 Intel Guru Frank26 IMO...There are NO...Issues with the HCL and the KURDS and The GOI and the Budget and A!!! Finally...A Retro Active Action by the GOI will allow any day of 2017 to be...THE MOOKLA. [In The Still Of The Night...] Indeed ...It will arrive in this manner.
11-10-2017 Newshound/Intel Guru Mnt Goat Article: "The Central Bank of Iraq, all banks not to sell the dollar to its branches in the Kurdistan region." I can tell you without a shadow of a doubt this action has nothing to do with the RV. This action is all about Kurdistan and their corruption. They were pumping billions of dollars out of Iraq into private accounts by their political leaders. They were also selling dollars thru private venders, charging enormous spreads. This was causing the rate of the USD vs IQD to be high. This lowers the rate of the IQD. These auctions are the only way you can get US dollars in Iraq, legally and so an opportunity to re-sell them in the black market. This was one of the reasons for the downturn in the CBI reserves too and MCP problems. Once this was discovered they stopped them from participating in the currency auctions windows until this is resolved.
11-10-2017 Newshound/Intel Guru BGG Article: "A simulation of the dinar exchange rate linked to a basket of currencies" It does not mean that a basket of currencies are going to be revalued at the same time...that's not what they are talking about. It's referring to International reintegration...bringing Iraq back into the fold.
11-10-2017 Intel Guru Bruce The exchange locations and Redemption Centers are.. including the banks are connected to all the banks around the world and the central banks around the world. Everyone is interconnected as of 1:15 pm this afternoon EST [Thursday]. All these banking institutions and banking centers are hooked up to the new Swift System... all set up through satellite, all hooked up and all ready to go. They have been staffed, on high alert, and ready to go. The Central Banks around the world are all interconnected also on a separate system called the RTGS or Real Time Global System, keeping them in communication with each other. That has been done the last couple of days... I have heard we are in a kind of another window now to be notified. There has been more things that have been accomplished the last couple of days even today that we didn’t know was needed. I think we are looking for everything to proceed here in the next few days. That is what I am hearing. ...we hear rates have been traded up and continue to be traded up. We will be pleased with them.
11-10-2017 Intel Guru RayRen98 [A few months back, my bank gave me rates for selling and buying, and now they say they will never deal with dinar.] Maybe YOUR bank is doing that, but there is no doubt in my mind that we are moving forward, whether your bank is participating or not. ...we still have 60+ banks that do exchange dinar already – we’re just waiting for the rate to change. ...We are looking for the US rate to be $3.71 or higher. If there is an RV, and the rate is $2, then you already know the rate’s being suppressed. So how long will they hold the rate at $2, knowing that eventually it will be $3.71? You know it’s going to get there in the end, because it’s the country’s currency.
11-9-2017 Newshound Guru Don961 Article: "Baghdad cut the hard currency from Kurdistan" Quote: "The Central Bank of Iraq decided on Wednesday, to stop the sale of foreign currency to banks operating in the northern region of all the country." no more sneaking usd CBI reserves out of the country thru a bogus bank account for a bogus company importing bogus goods and services thru use of the currency auction ... enough ... imo.
11-9-2017 Intel Guru RayRen98 UPDATE...THURSDAY, NOVEMBER 9, 2017... An Iraqi military commander is interviewed on Iraqi TV stating that Iraq is "clear" of ISIS and that the last stronghold was eliminated. However, PM Abadi has YET to make any declarations or announcements. Time Will Tell!
11-9-2017 Newshound Guru Enorrste Article: "A simulation of the dinar exchange rate linked to a basket of currencies" We do not want the dinar tied to a basket of currencies. We want a freely floating currency. Let's hope no one pays any attention to this guy.
11-9-2017 Newshound Guru Don961 Article: "This is the number of remaining elements in the judiciary" Quote: "The head of the district of Rao, west of Anbar Hussein al-Aqidi, on Thursday, that the preparation of elements of the organization calling the remaining in the judiciary does not exceed 20 people." not much left to do ... wonder if Abadi already has that liberation speech prepared and copyrighted ... ready to be published ... YUUUUUUPP! ...imo.
11-9-2017 Intel Guru RayRen98 [One person is saying that three zero notes have to be recalled, and the earliest this could happen would be January, 2018. That might be better for tax purposes. Does Iraq have an income tax system like ours?] There’s never been any mention of income tax from Iraqi sources, so I don’t think that is an issue. It might serve us best to wait until January anyway, because we are keeping an eye on the rates, and if they don’t come out at the ‘true’ value, then many of us will sit and let them appreciate. If the other rates are suppressed, the way gold and silver have been in the past in the US and in China, then the same thing could happen with the public release of the RV. It might be that several currencies we’re interested in could be suppressed for 90 days. So we might be waiting until January or February anyway. Also, I don’t think we’ll only have two to three weeks to exchange; it’s the country’s currency, so how can they limit the use of it once it’s gone international.
11-9-2017 Newshound Guru chattels Article: "Abadi: The military will soon end soon and the security challenge remains" ".....the security challenge remains" A question is and remains what level of security is "necessary" to facilitate our event, IMO. Obviously, I think, there has been a deterioration of political stability at least in the short term. [they will never be totally secure...no country is...I think once the borders are sealed /protected then we might see something.] Agreed.
11-9-2017 Newshound/Intel Guru Mnt Goat Article: "IRAQI MILITIA CROSSED THE SYRIAN BORDER TO JOIN THE BATTLE FOR THE LAST ISIS STRONGHOLD OF ABU KAMAL" ...I would not anticipate this is the LAST of the LAST areas to clear ISIS, as we were told 3 times already this was the LAST and them yet more. So, we don’t know what is the last as they are not telling us. ...The translation is telling us the LAST but only the last of that area they just moved into or out of. Then they move on to yet another area to liberate. To me it sounds like the Iraqi army is chasing ISIS into Syria.
11-9-2017 Newshound Guru Walkingstick [Saturday is the 11th; Frank [Guru Frank26] likes Saturday, going into Sunday; Sunday, the 12th, is 3 days before the U.N. Operational rates are posted ...] A country... may change, their operational rate/s of exchange at any time...The UN publication of dates is not a reflection of when a country may or may not adjust their operational exchange rate/s, accordingly...
11-9-2017 Intel Guru RayRen98 [In one of your updates, you wrote that "Currency exchangers are being required to report their Dinar inventory effective for Tuesday". Who do the US currency dealers get their currency from – the CBI / UST?] They have their own suppliers. [If the dealers in Iraq can no longer sell dinar does that mean that US dealers can only sell what they have left in inventory?] That is my belief, that they continue to sell the inventory they have on hand, or that their suppliers have, but cannot get any more.
11-9-2017 Intel Guru RayRen98 UPDATE...THURSDAY, NOVEMBER 9, 2017... An Iraqi military commander is interviewed on Iraqi TV stating that Iraq is "clear" of ISIS and that the last stronghold was eliminated. However, PM Abadi has YET to make any declarations or announcements. Time Will Tell!
11-9-2017 Newshound Guru Enorrste Article: "A simulation of the dinar exchange rate linked to a basket of currencies" We do not want the dinar tied to a basket of currencies. We want a freely floating currency. Let's hope no one pays any attention to this guy.
11-9-2017 Newshound Guru Don961 Article: "This is the number of remaining elements in the judiciary" Quote: "The head of the district of Rao, west of Anbar Hussein al-Aqidi, on Thursday, that the preparation of elements of the organization calling the remaining in the judiciary does not exceed 20 people." not much left to do ... wonder if Abadi already has that liberation speech prepared and copyrighted ... ready to be published ... YUUUUUUPP! ...imo.
11-9-2017 Intel Guru RayRen98 [One person is saying that three zero notes have to be recalled, and the earliest this could happen would be January, 2018. That might be better for tax purposes. Does Iraq have an income tax system like ours?] There’s never been any mention of income tax from Iraqi sources, so I don’t think that is an issue. It might serve us best to wait until January anyway, because we are keeping an eye on the rates, and if they don’t come out at the ‘true’ value, then many of us will sit and let them appreciate. If the other rates are suppressed, the way gold and silver have been in the past in the US and in China, then the same thing could happen with the public release of the RV. It might be that several currencies we’re interested in could be suppressed for 90 days. So we might be waiting until January or February anyway. Also, I don’t think we’ll only have two to three weeks to exchange; it’s the country’s currency, so how can they limit the use of it once it’s gone international.
11-9-2017 Newshound Guru chattels Article: "Abadi: The military will soon end soon and the security challenge remains" ".....the security challenge remains" A question is and remains what level of security is "necessary" to facilitate our event, IMO. Obviously, I think, there has been a deterioration of political stability at least in the short term. [they will never be totally secure...no country is...I think once the borders are sealed /protected then we might see something.] Agreed.
11-9-2017 Newshound/Intel Guru Mnt Goat Article: "IRAQI MILITIA CROSSED THE SYRIAN BORDER TO JOIN THE BATTLE FOR THE LAST ISIS STRONGHOLD OF ABU KAMAL" ...I would not anticipate this is the LAST of the LAST areas to clear ISIS, as we were told 3 times already this was the LAST and them yet more. So, we don’t know what is the last as they are not telling us. ...The translation is telling us the LAST but only the last of that area they just moved into or out of. Then they move on to yet another area to liberate. To me it sounds like the Iraqi army is chasing ISIS into Syria.
11-9-2017 Newshound Guru Walkingstick [Saturday is the 11th; Frank [Guru Frank26] likes Saturday, going into Sunday; Sunday, the 12th, is 3 days before the U.N. Operational rates are posted ...] A country... may change, their operational rate/s of exchange at any time...The UN publication of dates is not a reflection of when a country may or may not adjust their operational exchange rate/s, accordingly...
11-9-2017 Intel Guru RayRen98 [In one of your updates, you wrote that "Currency exchangers are being required to report their Dinar inventory effective for Tuesday". Who do the US currency dealers get their currency from – the CBI / UST?] They have their own suppliers. [If the dealers in Iraq can no longer sell dinar does that mean that US dealers can only sell what they have left in inventory?] That is my belief, that they continue to sell the inventory they have on hand, or that their suppliers have, but cannot get any more.
11-8-2017 Newshound Guru mike Article: "Baghdad clamping down on the banks of Iraqi Kurdistan" [What does it mean the the cbi has stopped the dollar sales to Kurdistan?] It's another exchange restriction prohibiting the Kurd's from having access to the dollar. Now they'll go through the money exchangers instead of the banks. We'll watch and see how this effects the spread...
11-8-2017 Intel Guru RayRen98 Kurdistan has been blocked from the banking system, with bans on international flights. These are sanctions on Kurdistan, and we can possibly tie this in with dealers being told not to sell any more dinar. The banks are being told NOT to send dollars to Kurdistan. If dealers are being told not to sell dinar, there are no US dollars coming in to them, to be floating around. If no more US dollars go to Kurdistan, whether through the banks or dealers… hmm. Could it be that Baghdad is about to stop the flow of US dollars as well? If so, that implies no more US dollars in Iraq, only using the dinar, and that meets the IMF requirements, and a revalue could be immediate. These are just my thoughts… We are looking for this thing to be wrapped up before the end of the month, preferably before Thanksgiving. That gives us a little wiggle room. [post 2 of 2]
11-8-2017 Intel Guru RayRen98 ...today we heard from Abadi that the 12% for the Kurds ‘is not final’, that they CAN get back to the 17% that they were seeking and agreed to earlier in the year, providing they relinquish the territory they had taken from Iraq. Barzani’s nephew (who is now the leader of Kurdistan) is saying that they will comply. Rawa is more an afterthought, but 2,500 people are being held hostage there, and being used as targets. This makes it difficult for the military to go in and clean up the area. Will this make a difference for what we are looking for? That’s a good question. [post 1 of 2....stay tuned]
11-8-2017 Newshound/Intel Guru Mnt Goat Article: "WELCOME TO THE IRAQ BANKING & INVESTMENT SUMMIT" Quote: "THE COUNTRY IS READY TO DEVELOP ITS ECONOMY AND ONCE AGAIN SHOWCASE ALL IT HAS TO OFFER." Moving to a sustainable economy is not really the choice of Iraq. Oh – okay so they do have choices – either be ready for the future or crumble as a society. These are their choices.
11-8-2017 Newshound Guru sandyf The term "International currency" does not mean anything. There are 3 types of currency - Fully convertible, Partially convertible and Non convertible. Article 14 currencies by virtue of their status with the IMF are Non convertible. Article 8 currencies are normally able to be exchanged worldwide but at the discretion of the exchanger. When a currency becomes volatile an exchanger may well refuse to exchange as happened with the Russian Rouble not that long ago.
11-8-2017 Newshound/Intel Guru Mnt Goat I have been told from the CBI that the project to delete the zeros is at its very last stages of the process and now awaits that final movement of the currency. ...I believe the CBI is targeting more like EARLY 2018 and more specifically early January.
11-8-2017 Newshound Guru Walkingstick [...what else is there to study/say? were done imo.] Not much, we await... articles, to catch up... Well ahead, of what you read...For, the most part... nothing, but fillers... It's all, in... the timing, of release..
11-8-2017 Intel Guru Bruce Some of the people that we hear from in the way of Intel are having to be very quiet. Iraq is basically, I think, complete. My thinking is that liberation announcement was repeated and emphasized again by Prime Minister Abadi. I believe that basically took care of what Iraq needed to do. I also heard the rate of the dinar came out, but I haven’t seen that. It is not ready to be revealed to us here. The rates for couple of the currencies have been traded up higher in the last couple of days quite a bit. I think we are looking good as far as that goes. We understand at 2 am this morning [Tuesday] Iraq was put on the real time global system, the new banking system...that would allow them to be truly international. We can’t predict this thing exactly when, but we are in the final few days...We feel this is our week. We just have to see what transpires...
11-8-2017 Intel Guru RayRen98 Kurdistan has been blocked from the banking system, with bans on international flights. These are sanctions on Kurdistan, and we can possibly tie this in with dealers being told not to sell any more dinar. The banks are being told NOT to send dollars to Kurdistan. If dealers are being told not to sell dinar, there are no US dollars coming in to them, to be floating around. If no more US dollars go to Kurdistan, whether through the banks or dealers… hmm. Could it be that Baghdad is about to stop the flow of US dollars as well? If so, that implies no more US dollars in Iraq, only using the dinar, and that meets the IMF requirements, and a revalue could be immediate. These are just my thoughts… We are looking for this thing to be wrapped up before the end of the month, preferably before Thanksgiving. That gives us a little wiggle room. [post 2 of 2]
11-8-2017 Intel Guru RayRen98 ...today we heard from Abadi that the 12% for the Kurds ‘is not final’, that they CAN get back to the 17% that they were seeking and agreed to earlier in the year, providing they relinquish the territory they had taken from Iraq. Barzani’s nephew (who is now the leader of Kurdistan) is saying that they will comply. Rawa is more an afterthought, but 2,500 people are being held hostage there, and being used as targets. This makes it difficult for the military to go in and clean up the area. Will this make a difference for what we are looking for? That’s a good question. [post 1 of 2....stay tuned]
11-8-2017 Newshound/Intel Guru Mnt Goat Article: "WELCOME TO THE IRAQ BANKING & INVESTMENT SUMMIT" Quote: "THE COUNTRY IS READY TO DEVELOP ITS ECONOMY AND ONCE AGAIN SHOWCASE ALL IT HAS TO OFFER." Moving to a sustainable economy is not really the choice of Iraq. Oh – okay so they do have choices – either be ready for the future or crumble as a society. These are their choices.
11-8-2017 Newshound Guru sandyf The term "International currency" does not mean anything. There are 3 types of currency - Fully convertible, Partially convertible and Non convertible. Article 14 currencies by virtue of their status with the IMF are Non convertible. Article 8 currencies are normally able to be exchanged worldwide but at the discretion of the exchanger. When a currency becomes volatile an exchanger may well refuse to exchange as happened with the Russian Rouble not that long ago.
11-8-2017 Newshound/Intel Guru Mnt Goat I have been told from the CBI that the project to delete the zeros is at its very last stages of the process and now awaits that final movement of the currency. ...I believe the CBI is targeting more like EARLY 2018 and more specifically early January.
11-8-2017 Newshound Guru Walkingstick [...what else is there to study/say? were done imo.] Not much, we await... articles, to catch up... Well ahead, of what you read...For, the most part... nothing, but fillers... It's all, in... the timing, of release..
11-8-2017 Intel Guru Bruce Some of the people that we hear from in the way of Intel are having to be very quiet. Iraq is basically, I think, complete. My thinking is that liberation announcement was repeated and emphasized again by Prime Minister Abadi. I believe that basically took care of what Iraq needed to do. I also heard the rate of the dinar came out, but I haven’t seen that. It is not ready to be revealed to us here. The rates for couple of the currencies have been traded up higher in the last couple of days quite a bit. I think we are looking good as far as that goes. We understand at 2 am this morning [Tuesday] Iraq was put on the real time global system, the new banking system...that would allow them to be truly international. We can’t predict this thing exactly when, but we are in the final few days...We feel this is our week. We just have to see what transpires...
11-7-2017 Newshound Guru sandyf ...from a well known guru... "The CBI has said something about a rate of $1.15 in-country to go into effect in 72 hours;" " Yes, but they will probably have a different rate in-country, just like the Iraqi dinar has a different rate structure in Iraq as opposed to overseas. " If the person concerned had done their homework they would be aware of a factual situation of different exchange rates in and out of the country. Introducing new currency codes is not an overnight event as accounting software companies must amend the software to accept the new code. In the case of redenominations it has normally been done about four months before introduction. If Iraq, or any other country, is to have a different rate inside to outside the country then it is not going to happen any time soon.
11-7-2017 Newshound Guru Aggiedad77 Article: "Baghdad looks to take control of KRG oil" Quote: “The government’s control of oil wealth does not mean a certain national party will monopolize the sector. All oil resources will be fairly distributed among the people.” They speak of controlling the KRG oil, all of it from the sound of it...and quite honestly this could very well be the most intelligent move that Baghdad/Abadi has made to date...this will IMO insure the HCL is given equally to all the people of Iraq if it is given to one...The oil within the nation of Iraq belongs to all citizens and they should all share accordingly...IMO....the BEST is coming..
11-7-2017 Intel Guru RayRen98 The following has been reported from our best Iraqi sources: Rawa is awaiting liberation, efforts are underway. PM Abadi on Iraqi TV stating the 2018 budget will reflect 12% allocation to the Kurds without negotiation. The referendum was the major culprit/cause for this action. PM Abadi pledges to use force if Peshmerga does not concede. The CBI has informed Iraqi money exchangers to discontinue sales of Dinar. No sales of Dinar in the country leaves the citizens excited and anticipating an upcoming rate change. Currency exchangers are being required to report their Dinar inventory effective for Tuesday. Unification efforts are underway for "one country, one Iraq." Dinar is becoming the only currency being used for commerce in Iraq. "The train is slowly approaching the station" ...be ye ready!! Time Will Tell...
11-7-2017 Newshound Guru Don961 ...Stable currency reflects the stability of the economic system ... and on safety and the stability of the country itself .. and its future prospects .... There is so much potential wealth and so much money to be made!! ..... since most of it is physically in the ground .... what's needed is a safe and stable environment , in all aspects , to harvest that wealth ... get that momentum going ... then the prosperity will follow ... imo.
11-7-2017 Newshound/Intel Guru Mnt Goat Article: "The Central Bank of Iraq, the currency outside the banks amounted to more than 40 trillion dinars." This is our good news for today...this article is telling us...that the CBI reduced the amount of dinars in circulation from 40.18 trillion (March 2016) to 37.5 trillion (March 2017). This is part of the project to delete the zeros. This reduction was due to the electronic banking applied to that point in March of this year when the reports are made each year. I suspect the dinar count will be almost cut in half by next March 2018 due to Kurdistan coming on board with electronic banking as well as Mosul post ISIS. This may get the CBI to their goals of cutting the money supply in circulation by 2/3 as part of the project to delete the zeros?
11-7-2017 Intel Guru RayRen98 [...is there any reasonable expectation for a time frame...?] I’m good for this week, right now. Let’s see what this 72-hour deal with the hidden rate on the CBI comes to. [Reference: Guru RayRen98 11-6-2017 below]
11-7-2017 Newshound Guru Aggiedad77 Article: "Baghdad looks to take control of KRG oil" Quote: “The government’s control of oil wealth does not mean a certain national party will monopolize the sector. All oil resources will be fairly distributed among the people.” They speak of controlling the KRG oil, all of it from the sound of it...and quite honestly this could very well be the most intelligent move that Baghdad/Abadi has made to date...this will IMO insure the HCL is given equally to all the people of Iraq if it is given to one...The oil within the nation of Iraq belongs to all citizens and they should all share accordingly...IMO....the BEST is coming..
11-7-2017 Intel Guru RayRen98 The following has been reported from our best Iraqi sources: Rawa is awaiting liberation, efforts are underway. PM Abadi on Iraqi TV stating the 2018 budget will reflect 12% allocation to the Kurds without negotiation. The referendum was the major culprit/cause for this action. PM Abadi pledges to use force if Peshmerga does not concede. The CBI has informed Iraqi money exchangers to discontinue sales of Dinar. No sales of Dinar in the country leaves the citizens excited and anticipating an upcoming rate change. Currency exchangers are being required to report their Dinar inventory effective for Tuesday. Unification efforts are underway for "one country, one Iraq." Dinar is becoming the only currency being used for commerce in Iraq. "The train is slowly approaching the station" ...be ye ready!! Time Will Tell...
11-7-2017 Newshound Guru Don961 ...Stable currency reflects the stability of the economic system ... and on safety and the stability of the country itself .. and its future prospects .... There is so much potential wealth and so much money to be made!! ..... since most of it is physically in the ground .... what's needed is a safe and stable environment , in all aspects , to harvest that wealth ... get that momentum going ... then the prosperity will follow ... imo.
11-7-2017 Newshound/Intel Guru Mnt Goat Article: "The Central Bank of Iraq, the currency outside the banks amounted to more than 40 trillion dinars." This is our good news for today...this article is telling us...that the CBI reduced the amount of dinars in circulation from 40.18 trillion (March 2016) to 37.5 trillion (March 2017). This is part of the project to delete the zeros. This reduction was due to the electronic banking applied to that point in March of this year when the reports are made each year. I suspect the dinar count will be almost cut in half by next March 2018 due to Kurdistan coming on board with electronic banking as well as Mosul post ISIS. This may get the CBI to their goals of cutting the money supply in circulation by 2/3 as part of the project to delete the zeros?
11-7-2017 Intel Guru RayRen98 [...is there any reasonable expectation for a time frame...?] I’m good for this week, right now. Let’s see what this 72-hour deal with the hidden rate on the CBI comes to. [Reference: Guru RayRen98 11-6-2017 below]
11-6-2017 Newshound/Intel Guru Mnt Goat Quote: "...there are other factors that play a role: 1. in the rise and fall of political and security stability, and 2. the rule of law, 3. the strength or weakness of the relevant State institutions." So once again this interview confirms that the project to delete the zeros is to lift the value of the dinar. The CBI told us they “need to ensure the success of the process before starting out”. To me it means they do not want to start and stop again. Next time they begin it will be for real, because they have ALL their ducks in a line. Get it now why it is taking so long? We are now certain as to what is holding up the continuance and the final steps of this “project to delete the zeros”. It can not get any clearer. It will not be much longer. [post 2 of 2]
11-6-2017 Newshound/Intel Guru Mnt Goat "PART OF AN INTERVIEW WITH THE CBI GOVERNOR JUNE 2016" Quote: "MAKING THE DOLLAR EQUAL TO THE DINAR in current situation means encouraging more imports and miss opportunities to promote local production." Did they just give us a hint as to the initial rate? I quote...“making the dollar equal to the dinar” which means a 1:1 par with the dollar. Oh! – but how do they plan to do this? They are also telling us this too. I quote from the article again – “in current situation means encouraging more imports and miss opportunities to promote local production”. It means they MUST first grow the economy and to do this means moving it over to the private sector. [post 1 of 2....stay tuned]
11-6-2017 Intel Guru RayRen98 Parliament did not vote on the budget as was expected this weekend. Abadi has yet to make an official announcement about the liberation, although apparently he was on Iraqi television today saying that the Kurds will receive 12% rather than 17% of the oil revenues. The Kurds are not happy about that, of course. The budget has been postponed until next week, and troops are on the way to Rawa. The CBI has said something about a rate of $1.15 in-country to go into effect in 72 hours; this was first seen on Saturday, on the CBI site, so we don’t know when the 72 hours started, but it should come to fruition today, tomorrow or Wednesday. If I get any more information, I'll send it out. [post 2 of 2]
11-6-2017 Intel Guru RayRen98 From Friday’s information we anticipated an announcement. The CBI was urging people to bring in their cash and use electronic systems. Also we heard that there might be a cap of 75,000 dinar for Iraqis to exchange as individuals. That is...more for Iraqis living overseas and sending money home to their families. The announcement did happen, saying that town/district al-Qain has been liberated. Rawa was also being contested, but that is a relatively deserted area. So we are hearing that the liberation is done, with even US radio stations announcing the full liberation of Iraq over the weekend. We do hear they will liberate Rawa today. [post 1 of 2....stay tuned]
11-6-2017 Newshound Guru mike Article: "Central Bank: currency outside banks amounted to more than 40 trillion dinars" Iraq has roughly 56 trillion in M0 money supply with 40 trillion outside the banks. It's time for a change, pass the deposit law and the folks might begin coming back. For now, they trust and prefer their own security over the banks.
11-6-2017 Guest Newshound Guru Apmcrx Article: "A simulation of the dinar exchange rate linked to the basket of currencies" ...article directly from the CBI webpage...THIS IS STRAIGHT FROM CBI AND THEY ARE TELLING YOU THE EXCHANGE RATE!!! ...PDF document...is telling you the dinar exchange rate compared to the currency basket...from .90 to $1.15 IQD/USD... Now, why the CBI is "simulating?" Because they want to go international and know the real IQD/USD exchange rate IMO. Who suggested or proposed the peg to a basket of currencies? IMF, World Bank, USA as we have seen the articles demanding this agencies to Iraq implementation of reforms IMO by the end of this year.
11-6-2017 Newshound/Intel Guru Mnt Goat "PART OF AN INTERVIEW WITH THE CBI GOVERNOR JUNE 2016" Quote: "MAKING THE DOLLAR EQUAL TO THE DINAR in current situation means encouraging more imports and miss opportunities to promote local production." Did they just give us a hint as to the initial rate? I quote...“making the dollar equal to the dinar” which means a 1:1 par with the dollar. Oh! – but how do they plan to do this? They are also telling us this too. I quote from the article again – “in current situation means encouraging more imports and miss opportunities to promote local production”. It means they MUST first grow the economy and to do this means moving it over to the private sector. [post 1 of 2....stay tuned]
11-6-2017 Intel Guru RayRen98 Parliament did not vote on the budget as was expected this weekend. Abadi has yet to make an official announcement about the liberation, although apparently he was on Iraqi television today saying that the Kurds will receive 12% rather than 17% of the oil revenues. The Kurds are not happy about that, of course. The budget has been postponed until next week, and troops are on the way to Rawa. The CBI has said something about a rate of $1.15 in-country to go into effect in 72 hours; this was first seen on Saturday, on the CBI site, so we don’t know when the 72 hours started, but it should come to fruition today, tomorrow or Wednesday. If I get any more information, I'll send it out. [post 2 of 2]
11-6-2017 Intel Guru RayRen98 From Friday’s information we anticipated an announcement. The CBI was urging people to bring in their cash and use electronic systems. Also we heard that there might be a cap of 75,000 dinar for Iraqis to exchange as individuals. That is...more for Iraqis living overseas and sending money home to their families. The announcement did happen, saying that town/district al-Qain has been liberated. Rawa was also being contested, but that is a relatively deserted area. So we are hearing that the liberation is done, with even US radio stations announcing the full liberation of Iraq over the weekend. We do hear they will liberate Rawa today. [post 1 of 2....stay tuned]
11-6-2017 Newshound Guru mike Article: "Central Bank: currency outside banks amounted to more than 40 trillion dinars" Iraq has roughly 56 trillion in M0 money supply with 40 trillion outside the banks. It's time for a change, pass the deposit law and the folks might begin coming back. For now, they trust and prefer their own security over the banks.
11-6-2017 Guest Newshound Guru Apmcrx Article: "A simulation of the dinar exchange rate linked to the basket of currencies" ...article directly from the CBI webpage...THIS IS STRAIGHT FROM CBI AND THEY ARE TELLING YOU THE EXCHANGE RATE!!! ...PDF document...is telling you the dinar exchange rate compared to the currency basket...from .90 to $1.15 IQD/USD... Now, why the CBI is "simulating?" Because they want to go international and know the real IQD/USD exchange rate IMO. Who suggested or proposed the peg to a basket of currencies? IMF, World Bank, USA as we have seen the articles demanding this agencies to Iraq implementation of reforms IMO by the end of this year.
11-5-2017 Newshound Guru Don961 Article: "A simulation of the dinar exchange rate linked to a basket of currencies" Just a simulation study...should the dinar get pegged to a basket of world reserve currencies ... as opposed to staying 'binary" (linked/pegged only to the USD)...shows how the exchange rate of the iqd would be affected should it be put into this world currency basket... Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies ... sounds good to me ... % allocated to iqd in this basket would depend on how strong the currency will be compared to the others ... at a given point in time...will it bypass the pound or the euro? ... sure ... why not ...that would be cool wouldn't it...imo.
11-5-2017 Newshound Guru mike Article: "Iraq still under the category of bankrupt countries?" Gee whiz, this guy sounds so negative: "He added that "the budget reveals beyond doubt the inability of any realistic treatments to find development, even if it is a formality to open future prospects to reduce dependence on oil revenues and stop domestic and external borrowing, which has no horizon to stop it and the payment of accumulated it puts the Iraqi economy in the near future on the verge of bankruptcy." We have waited, literally, for years in hopes that Iraq would change and embrace the open market economy and allow the dinar to grow in value. And all we're getting is the same old budget where expenditures exceed revenue. The existing political class is failing the Iraqi people. Like Mark Twain said, "Politicians and diapers must be changed often, and for the same reason.”
11-5-2017 Newshound Guru G-Lin ...7 years ago I never imagined this would be a long term investment. I think most of us thought it was going to be a get rich quick thrill. After I toughened up a bit I realized the reward will be worth the wait. I still see this investment with a glass half full attitude. And that will not change unless something drastic were to happen to Iraq, and the economic powers of the world will not let that occur imo. Iraq is too valuable. It is the diamond in the rough for U.S., Russia, Europe, China, and all of Asia and the M.E. Follow the money. Maybe just a wee bit longer.
11-5-2017 Newshound Guru mike Article: "Iraq still under the category of bankrupt countries?" Gee whiz, this guy sounds so negative: "He added that "the budget reveals beyond doubt the inability of any realistic treatments to find development, even if it is a formality to open future prospects to reduce dependence on oil revenues and stop domestic and external borrowing, which has no horizon to stop it and the payment of accumulated it puts the Iraqi economy in the near future on the verge of bankruptcy." We have waited, literally, for years in hopes that Iraq would change and embrace the open market economy and allow the dinar to grow in value. And all we're getting is the same old budget where expenditures exceed revenue. The existing political class is failing the Iraqi people. Like Mark Twain said, "Politicians and diapers must be changed often, and for the same reason.”
11-5-2017 Newshound Guru G-Lin ...7 years ago I never imagined this would be a long term investment. I think most of us thought it was going to be a get rich quick thrill. After I toughened up a bit I realized the reward will be worth the wait. I still see this investment with a glass half full attitude. And that will not change unless something drastic were to happen to Iraq, and the economic powers of the world will not let that occur imo. Iraq is too valuable. It is the diamond in the rough for U.S., Russia, Europe, China, and all of Asia and the M.E. Follow the money. Maybe just a wee bit longer.
11-4-2017 Intel Gurus Frank26 and Delta Article: "A simulation of the dinar exchange rate linked to a basket of currencies" "Dr. Ahmed Abrehi Ali...:" Quote: "It is proposed that the dinar be pegged to a basket of major currencies, international reserve currencies, dominant in foreign trade and capital markets, United States Dollars." Dr. Ahmed Ibraihi Ali...Member of the Board!!! Family you do not realize a few days ago the CBI gave you what you wanted...some of you saw it..most of you missed it..you have no idea the ground that you are standing on right now...
11-4-2017 Newshound/Intel Guru Mnt Goat Article quotes: "As prime minister, Nechirvan Barzani has been central to brokering the semi-autonomous region’s oil dealings, now in jeopardy following Iraq’s recapture of disputed territories on Oct. 16, including the oil-rich city of Kirkuk." "KURDISTAN CONSIDERED AS THE MOST CORRUPTED PART OF IRAQ. ACCORDING TO KURDISH LAWMAKERS BILLIONS OF DOLLARS ARE MISSING FROM IRAQI KURDISTAN’S OIL REVENUES" Mandatory meters on the oil pipelines make it hard to steal oil with it someday being accounted for. We now see the loss of these revenues. ...folks this is the money that belongs to all the citizens of Iraq. This is why they need the HCL and Article 140 law.
11-4-2017 Newshound Guru Aggiedad77 ...So how close are we...as close as your breath is to your lungs...IMO.
11-4-2017 Intel Guru RayRen98 As far as Abadi is concerned, the Kurdish issue has been handled. They have surrendered the territories, and they now fall under a unified Iraq. I don’t think that will prevent [or delay] anything, especially with an announcement expected today. We are all waiting patiently for whatever scenario comes to light.
11-4-2017 Newshound/Intel Guru Mnt Goat Article quotes: "As prime minister, Nechirvan Barzani has been central to brokering the semi-autonomous region’s oil dealings, now in jeopardy following Iraq’s recapture of disputed territories on Oct. 16, including the oil-rich city of Kirkuk." "KURDISTAN CONSIDERED AS THE MOST CORRUPTED PART OF IRAQ. ACCORDING TO KURDISH LAWMAKERS BILLIONS OF DOLLARS ARE MISSING FROM IRAQI KURDISTAN’S OIL REVENUES" Mandatory meters on the oil pipelines make it hard to steal oil with it someday being accounted for. We now see the loss of these revenues. ...folks this is the money that belongs to all the citizens of Iraq. This is why they need the HCL and Article 140 law.
11-4-2017 Newshound Guru Aggiedad77 ...So how close are we...as close as your breath is to your lungs...IMO.
11-4-2017 Intel Guru RayRen98 As far as Abadi is concerned, the Kurdish issue has been handled. They have surrendered the territories, and they now fall under a unified Iraq. I don’t think that will prevent [or delay] anything, especially with an announcement expected today. We are all waiting patiently for whatever scenario comes to light.
11-3-2017 Intel Guru RayRen98 ON Thursday, Abadi said that he would soon declare liberation. I did send out on update on Thursday about a possible rate adjustment for Iraqis. Then there was information about people having money loaded on their Qi cards because people have been hoarding their cash, waiting for the increase of purchasing power. So when they put out messages about a different exchange rate, I ask myself “who would put that information out 30 days in advance?” It gives the impression that the rate would change any second, and therefore people are holding onto their cash… and now there is a problem in Iraqi cashflow. Then today, on Iraqi television, they said that the announcement of the full liberation is in ‘a few hours’, meaning TODAY. Some of us have been looking forward to full liberation = economic reforms = HCL = ReValuation, which is what we have been waiting for. Sounds exciting, doesn’t it? We’re almost there, folks.
11-3-2017 Newshound Guru G-Lin Article: "CBI A simulation of the dinar exchange rate linked to a basket of currencies " ...couple this simulation report with the WTO art... "{WTO} Trade looks at ways to cooperate with ITC" Quote: "ITC is one of the most important international organizations supporting and supporting trade facilitation and development of small and medium enterprises and export development." Interesting timing and at least they are headed in the right direction. Some smart people throughout the years have stated they felt like Iraq should have a currency change before full membership accession into WTO. We shall see.
11-3-2017 Newshound Guru sandyf I...try and keep an eye on the more plausible indicators. For the last 4 years at this time of year there has always been a fairly significant appreciation of the dinar on forex. This was particularly noticeable in 2015 when the rate went to 1085, then suddenly after new year back down to 1175. In 2016 the appreciation was a bit later and short lived, came to an abrupt end late November, wonder why? This year there has been next to no movement which for some reason, inverted logic?, I find a bit encouraging. I accept that the markets are based on speculation...
11-3-2017 Newshond/Intel Guru Mnt Goat But these are the SECURITY issues and can be resolved in short time. The real problems they are having is a cultural one. Remember they are going to have to move from a state run economy to the private sector economy. They do not know how to do this. They must seek help from the experts and economists of the western world and then (drum roll please...) most importantly...LISTEN TO THE ADVICE! ...they must...drive up the DEMAND for the dinar, which in turn drives up the value. Then apply a new rate. It is hard to say when they will hit this triggering point, but at some point they will have to change the rate to coincide with the new value. [post 2 of 2]
11-3-2017 Newshound/Intel Guru Mnt Goat ...we can expect an announcement next week from pm Abadi that Iraq is “fully” liberated from ISIS. I can assure everyone that this announcement WILL NOT trigger some RV. Nor will it trigger a series of events that will lead to the RV...The earliest we can expect any real movement in the direction of the rate of the currency is when Iraq gets out of Chapter VII sanctions. Then the CBI will begin its re-education process to the banks and citizens as they ready for the reinstatement move. This may take longer than expected...they are having some major issues attracting investors. One of which is the war with ISIS still lingers, the lack of proper security due to Iranian militias still around and the sectarianism too. [post 1 of 2....stay tuned]
11-3-2017 Intel Guru ADMINBILL I HAVE BEEN QUIET TO ALLOW "THE REST OF THE STORY" TO RUN TO IT'S CONCLUSION. WE MAY BE CLOSER THAN A FROG'S HAIR TO SEEING AN END TO THE JOURNEY. ALL I CAN SAY IS CONTINUE BEING PATIENT. THE SKY IS NOT FALLING BUT THE END CERTAINLY APPEARS TO BE NEAR. TO THE NOT SO CASUAL OBSERVER THERE ARE MANY KEY INDICATORS THAT POINT IN ONLY ONE DIRECTION.
11-3-2017 Intel Guru Bruce [via Judy Byington] Announcements are coming from both Iraq and the US. The process was well underway. We were in the midst of it right now. Over the last three days in Iraq hundreds of delivery trucks have been sent to disperse the lower denominations to their banks and ATM machines. Those would be available by tomorrow evening Nov. 3. Rates on the Qi cards were fluctuating, telling us that the Dinar rate would change soon.
11-3-2017 Newshound Guru G-Lin Quote: "A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi)..." What this looks like to me is simulations or experiments in comparisons of the dinar as a floating rate {basketball} I think that is what that means, versus fixed rate in a currency basket. These simulations were done beginning Jan. 1st 2017 to present. They paired the dinar against all of the currencies that are used in Iraq. They experimented with the figures as floating and fixed. And all of the data has been presented to the decision makers in CBI. That's my take. I'm excited that this was posted on the CBI site and they seem to be giving those two choices. I personally would take either one.
11-3-2017 Newshound Guru sandyf Nobody...Repeat Nobody knows whether the Dinar will float or not...Nobody....[Guru] Kaperoni could turn out to be right.... - Not impossible, but nearly. Probably more chance of winning the lottery than a non convertible currency moving to fully convertible on a floating exchange regime in one sudden move.
11-3-2017 Newshound Guru G-Lin Article: "CBI A simulation of the dinar exchange rate linked to a basket of currencies " ...couple this simulation report with the WTO art... "{WTO} Trade looks at ways to cooperate with ITC" Quote: "ITC is one of the most important international organizations supporting and supporting trade facilitation and development of small and medium enterprises and export development." Interesting timing and at least they are headed in the right direction. Some smart people throughout the years have stated they felt like Iraq should have a currency change before full membership accession into WTO. We shall see.
11-3-2017 Newshound Guru sandyf I...try and keep an eye on the more plausible indicators. For the last 4 years at this time of year there has always been a fairly significant appreciation of the dinar on forex. This was particularly noticeable in 2015 when the rate went to 1085, then suddenly after new year back down to 1175. In 2016 the appreciation was a bit later and short lived, came to an abrupt end late November, wonder why? This year there has been next to no movement which for some reason, inverted logic?, I find a bit encouraging. I accept that the markets are based on speculation...
11-3-2017 Newshond/Intel Guru Mnt Goat But these are the SECURITY issues and can be resolved in short time. The real problems they are having is a cultural one. Remember they are going to have to move from a state run economy to the private sector economy. They do not know how to do this. They must seek help from the experts and economists of the western world and then (drum roll please...) most importantly...LISTEN TO THE ADVICE! ...they must...drive up the DEMAND for the dinar, which in turn drives up the value. Then apply a new rate. It is hard to say when they will hit this triggering point, but at some point they will have to change the rate to coincide with the new value. [post 2 of 2]
11-3-2017 Newshound/Intel Guru Mnt Goat ...we can expect an announcement next week from pm Abadi that Iraq is “fully” liberated from ISIS. I can assure everyone that this announcement WILL NOT trigger some RV. Nor will it trigger a series of events that will lead to the RV...The earliest we can expect any real movement in the direction of the rate of the currency is when Iraq gets out of Chapter VII sanctions. Then the CBI will begin its re-education process to the banks and citizens as they ready for the reinstatement move. This may take longer than expected...they are having some major issues attracting investors. One of which is the war with ISIS still lingers, the lack of proper security due to Iranian militias still around and the sectarianism too. [post 1 of 2....stay tuned]
11-3-2017 Intel Guru ADMINBILL I HAVE BEEN QUIET TO ALLOW "THE REST OF THE STORY" TO RUN TO IT'S CONCLUSION. WE MAY BE CLOSER THAN A FROG'S HAIR TO SEEING AN END TO THE JOURNEY. ALL I CAN SAY IS CONTINUE BEING PATIENT. THE SKY IS NOT FALLING BUT THE END CERTAINLY APPEARS TO BE NEAR. TO THE NOT SO CASUAL OBSERVER THERE ARE MANY KEY INDICATORS THAT POINT IN ONLY ONE DIRECTION.
11-3-2017 Intel Guru Bruce [via Judy Byington] Announcements are coming from both Iraq and the US. The process was well underway. We were in the midst of it right now. Over the last three days in Iraq hundreds of delivery trucks have been sent to disperse the lower denominations to their banks and ATM machines. Those would be available by tomorrow evening Nov. 3. Rates on the Qi cards were fluctuating, telling us that the Dinar rate would change soon.
11-3-2017 Newshound Guru G-Lin Quote: "A short search to experience the simulator about linking the Iraqi dinar to a basket of currencies with weights varying between 50% and 65% of the dollar and other currencies remaining price (Dr. Ahmed Ali Abrihi)..." What this looks like to me is simulations or experiments in comparisons of the dinar as a floating rate {basketball} I think that is what that means, versus fixed rate in a currency basket. These simulations were done beginning Jan. 1st 2017 to present. They paired the dinar against all of the currencies that are used in Iraq. They experimented with the figures as floating and fixed. And all of the data has been presented to the decision makers in CBI. That's my take. I'm excited that this was posted on the CBI site and they seem to be giving those two choices. I personally would take either one.
11-3-2017 Newshound Guru sandyf Nobody...Repeat Nobody knows whether the Dinar will float or not...Nobody....[Guru] Kaperoni could turn out to be right.... - Not impossible, but nearly. Probably more chance of winning the lottery than a non convertible currency moving to fully convertible on a floating exchange regime in one sudden move.
11-2-2017 Newshound/Intel Guru Mnt Goat Article: "SETTING A HIGHER CEILING FOR REMITTANCES OUT OF IRAQ" ...you have no idea of how good this news really is. When they refer to exchanges and remittances they mean converting of dinars to US dollars for payment for goods and services outside of Iraq. So now they limited the exchange of dinar to 10k of debt in the currency auctions. They are doing this because they have an issue that will NEVER go away. This issue is money laundering the US dollar. So how can they stop this? They can’t for now since this will only stop when the demand for the dollar stops and this will occur only when sanctions are lifted and merchants no longer have to go to the currency auctions and are forced to convert dinars to dollars.
11-2-2017 Newshound Guru G-Lin Article: "UN calls on Iraq to join ICC " Quote: "The United Nations today called on Iraq to join the International Criminal Court or search for other ways to punish calling for atrocities during the battle of Mosul." I hope and pray Abadi has the guts to do this. This would mean goodbye Maliki and Co.
11-2-2017 Intel Guru RayRen98 Reports say that on yesterday Iraqi TV indicated Abadi informing the Kurds that their "cut" would now be 12% instead of the 17% already addressed and acknowledged. (Oh boy, more political drama). On today, unconfirmed reports are coming in of a limit of 75,000 dinar exchanges in-country due to a "possible" rate change? Still seeking more information on this one, don't get too excited too soon, TIME WILL TELL!!.
11-2-2017 Newshound/Intel Guru Mnt Goat Article quote: "THE LAW OF OIL AND GAS HAS BEEN DISABLED SINCE THE PREVIOUS TWO SESSIONS," EXPLAINING THAT THE ADOPTION OF SUFFICIENT TO END THE CRISIS IN NORTHERN IRAQ." I hope every can see the light and finally know that this HCL issue was the very reason for the entire Kurdistan referendum. Will they now get it done or just talk about it again?
11-2-2017 Newshound Guru Adam Montana [I read...that Barzani is retiring, how will this effect our investment?] He said he would be stepping down as of...(1 November 2017), and the reason was basically disappointment in the failed referendum. This may end up weakening the Kurdish resistance to full cooperation with Baghdad, which might just be the leverage needed to pry open the HCL floodgates. Let's hope for some good news in the coming days!
11-2-2017 Newshound Guru MilitiaMan Article: "IBBC completes successful Trade Mission to Baghdad" Quote: "The delegation met with a number of ministers and high ranking officials to discuss future policies and opportunities for growth as well as focusing on business opportunities for IBBC member companies." I don't know about everyone else...but, if this article...doesn't give you the feel goods, not much will. lol Just think about some of the names in the list of attendees... Kuwait Energy, Rolls Royce, Restrata, etc.. That is all about big money and security... The reconstruction of Iraq is going have then both!
11-2-2017 Newshound/Intel Guru BGG Who's going to pay the tab for the RV...not Iraq. It's going to be the world. Who's going to buy their currency at a much higher rate...not Iraq...everybody else. You can RV your currency at whatever number you want, but if there is no one to buy it, you don't have an RV. Responding to the IMF, WB, and UN...they have to get their expenditures under control and...they are working on that now.
11-2-2017 Newshound/Intel Guru Mnt Goat We know that the CBI must remove from the general public at least two thirds of the large 3 zero notes and get them out of circulation prior to launching the newer notes. We also know there are other reasons too as they do not want to see a massive amount of millionaires in Iraq as this could cause hyper-inflation too. We know also of a precaution that as the value increases, these older 3 zero notes could be exported to terrorist groups to fund their operations. So it is important to get as much of these large 3 zero notes out of circulation. Every note collected by the CBI is scanned and accounted for. They know exactly how much money is still in circulation. [post 3 of 3]
11-2-2017 Newshound Guru G-Lin Article: "UN calls on Iraq to join ICC " Quote: "The United Nations today called on Iraq to join the International Criminal Court or search for other ways to punish calling for atrocities during the battle of Mosul." I hope and pray Abadi has the guts to do this. This would mean goodbye Maliki and Co.
11-2-2017 Intel Guru RayRen98 Reports say that on yesterday Iraqi TV indicated Abadi informing the Kurds that their "cut" would now be 12% instead of the 17% already addressed and acknowledged. (Oh boy, more political drama). On today, unconfirmed reports are coming in of a limit of 75,000 dinar exchanges in-country due to a "possible" rate change? Still seeking more information on this one, don't get too excited too soon, TIME WILL TELL!!.
11-2-2017 Newshound/Intel Guru Mnt Goat Article quote: "THE LAW OF OIL AND GAS HAS BEEN DISABLED SINCE THE PREVIOUS TWO SESSIONS," EXPLAINING THAT THE ADOPTION OF SUFFICIENT TO END THE CRISIS IN NORTHERN IRAQ." I hope every can see the light and finally know that this HCL issue was the very reason for the entire Kurdistan referendum. Will they now get it done or just talk about it again?
11-2-2017 Newshound Guru Adam Montana [I read...that Barzani is retiring, how will this effect our investment?] He said he would be stepping down as of...(1 November 2017), and the reason was basically disappointment in the failed referendum. This may end up weakening the Kurdish resistance to full cooperation with Baghdad, which might just be the leverage needed to pry open the HCL floodgates. Let's hope for some good news in the coming days!
11-2-2017 Newshound Guru MilitiaMan Article: "IBBC completes successful Trade Mission to Baghdad" Quote: "The delegation met with a number of ministers and high ranking officials to discuss future policies and opportunities for growth as well as focusing on business opportunities for IBBC member companies." I don't know about everyone else...but, if this article...doesn't give you the feel goods, not much will. lol Just think about some of the names in the list of attendees... Kuwait Energy, Rolls Royce, Restrata, etc.. That is all about big money and security... The reconstruction of Iraq is going have then both!
11-2-2017 Newshound/Intel Guru BGG Who's going to pay the tab for the RV...not Iraq. It's going to be the world. Who's going to buy their currency at a much higher rate...not Iraq...everybody else. You can RV your currency at whatever number you want, but if there is no one to buy it, you don't have an RV. Responding to the IMF, WB, and UN...they have to get their expenditures under control and...they are working on that now.
11-2-2017 Newshound/Intel Guru Mnt Goat We know that the CBI must remove from the general public at least two thirds of the large 3 zero notes and get them out of circulation prior to launching the newer notes. We also know there are other reasons too as they do not want to see a massive amount of millionaires in Iraq as this could cause hyper-inflation too. We know also of a precaution that as the value increases, these older 3 zero notes could be exported to terrorist groups to fund their operations. So it is important to get as much of these large 3 zero notes out of circulation. Every note collected by the CBI is scanned and accounted for. They know exactly how much money is still in circulation. [post 3 of 3]
11-1-2017 Newshound/Intel Guru Mnt Goat Some banks are still not compliant with the implementation of the ability to receive electronic payrolls from the federal government. They still have to load and test out software tools to get this up and running. Then there are the connections between the global banks that also are still not secure and in some case not yet hooked up. Many global banks still have a reluctant attitude to even do business with Iraqi banks. So this too is still an obstacle. We know the CBI came out last week and told all the banks they wanted the SWIFT safe money transfer system implemented by the end of the year. Kurdistan region was also one of the culprits and resisted much of the effort to get electronic systems and delayed many of these banking reforms. As part of the leverage over this referendum stuff, the federal government now has over Kurdistan, they are moving forward now with this effort and will comply. [post 2 of 3....stay tuned]
11-1-2017 Newshound/Intel Guru Mnt Goat Still no reinstatement or revaluation in-country or out of county. Still no global exchanges taking place. Sorry! I do not see any progress in this direction to at least EARLY 2018. We cannot predict when the RV will happen by we can sense very close and accurately as to when it cannot happen. We are in the funky window right now where we see some promising signs but we know there is still much work to be done by the CBI. ...we know the target is the end of this month but we all know realistically it will probably be more like end of the year. So an announcement that this SECURITY problem is taken care of would be our first concrete sign and the RV clock RV will begin to tick at that time. But we are not yet there. [post 1 of 3....stay tuned]
11-1-2017 Intel Guru RayRen98 The purpose...today...was to inform you about Abadi’s announcement that they may be speeding up the timetable, plus we are looking for the end of this week to send us to the bank, or tell us when we might be going. Just because the RV is released, that doesn’t mean we have to run down to the banks that minute. We can wait to decide when to go to the banks. They may be giving us permission to go, but we make the decision when to go. If anything comes in, we will update you. ...We are seeking confirmation on some intel right now...
11-1-2017 Newshound Guru chattels [I wonder if Article 140 will not be needed because it looks like Adadi is saying that whole area is under government control an the kurds will get 12 plus % of oil revenues, if that the case why have an article 140?] I would think because the land is still disputed by the Kurds and the Constitution mandates a process for resolution of the disputes. Unless Abadi is going to abandon the Constitution, but he avers/swears NOT! The Kurds say that all they have ever gotten from the budget was about 11-12%, despite argument to the contrary.
11-1-2017 Intel Guru Jester [...what are your thoughts on this happening before the new year...?] THEY SAY IT WILL BUT I HAVE HEARD IT BEFORE...AND SO HAVE YOU...
11-1-2017 Newshound Guru MilitiaMan Article: "Rashid calls on military retirees to receive their salaries Wednesday" Quote: "The salaries of military retirees will be launched for November this year through manual exchange and smart card on Wednesday," the bank's press office said in a press release. "Civil retirees can receive their salaries through bank branches or smart card outlets." They got paid... Nice...Now lets see if they tell us at what international rate if any, yet? I suspect if the 2017 budget gets released we'll know...imo.
11-1-2017 Newshound Guru Adam Montana We still have a November 7 OPEC meeting coming up. There are pretty telling indicators floating around right now regarding the current OIL situation. What I see as important right now is oil at $60ppb, the recognition that Iraq ignored the Kurdish referendum, and the references to HCL related items... What I really want to see in the next week is simple: 1. Nothing significant at the OPEC meeting. Just a smile and nod type of event where they agree to extend the current plan and keep oil around $60. 2. The meeting will mostly ignore Iraq. I don’t care if they talk about Iraq, include Iraq, reference Iraq in any minor way…as long as they primarily ignore Iraq, and don’t make any specific requests for commitments from Iraq, I’ll be happy. 3. Anything HCL related.
11-1-2017 Intel Guru Frank26 [Seems like A is giving a variety of speeches and interviews.. with an ALL important 1 hidden amongst the rest he's giving at this time?] IMO...These Speeches today from the Father of Iraq Abadi are the per-curses of a Mother of all Speeches to soon come to the Citizens of Iraq and the International World.
11-1-2017 Intel Guru RayRen98 [Any Parliament laws this week?] Yes, the HCL, and possibly that independence law for the CBI – we’ll have to wait and see.
11-1-2017 Newshound/Intel Guru Mnt Goat ...November already and Iraq is still fighting ISIS and still struggling with some important issues involved in the process to delete the zeros. But they will overcome all these issues and will move forward. I am told the CBI is ready now to move to the next phase of the project to delete the zeros and needs the “green light” from the GOI. So let’s look for this sign. I am also hearing this re-education process of the new currency must take place first in the privately owned banks and then to the civilian population.
11-1-2017 Intel Guru RayRen98 [Is the Kurdistan region experiencing a new rate there with salaries being paid through/from Baghdad recently?] Yes, they are being paid but my impression it was at the old rate. There are hints of a new rate yesterday evening, but that is not confirmed.
11-1-2017 Intel Guru Frank26 There is an A [Abadi?] Speech coming...That contains much and art8 with ch7 in it's core...Where IMO an RI will be concurrent with or the Fact after if. These IMO are the Steps that will trigger off a Chain Reaction of Explosive Info/Advancement of the IQD's MR...Very Quickly.
11-1-2017 Newshound/Intel Guru Mnt Goat Still no reinstatement or revaluation in-country or out of county. Still no global exchanges taking place. Sorry! I do not see any progress in this direction to at least EARLY 2018. We cannot predict when the RV will happen by we can sense very close and accurately as to when it cannot happen. We are in the funky window right now where we see some promising signs but we know there is still much work to be done by the CBI. ...we know the target is the end of this month but we all know realistically it will probably be more like end of the year. So an announcement that this SECURITY problem is taken care of would be our first concrete sign and the RV clock RV will begin to tick at that time. But we are not yet there. [post 1 of 3....stay tuned]
11-1-2017 Intel Guru RayRen98 The purpose...today...was to inform you about Abadi’s announcement that they may be speeding up the timetable, plus we are looking for the end of this week to send us to the bank, or tell us when we might be going. Just because the RV is released, that doesn’t mean we have to run down to the banks that minute. We can wait to decide when to go to the banks. They may be giving us permission to go, but we make the decision when to go. If anything comes in, we will update you. ...We are seeking confirmation on some intel right now...
11-1-2017 Newshound Guru chattels [I wonder if Article 140 will not be needed because it looks like Adadi is saying that whole area is under government control an the kurds will get 12 plus % of oil revenues, if that the case why have an article 140?] I would think because the land is still disputed by the Kurds and the Constitution mandates a process for resolution of the disputes. Unless Abadi is going to abandon the Constitution, but he avers/swears NOT! The Kurds say that all they have ever gotten from the budget was about 11-12%, despite argument to the contrary.
11-1-2017 Intel Guru Jester [...what are your thoughts on this happening before the new year...?] THEY SAY IT WILL BUT I HAVE HEARD IT BEFORE...AND SO HAVE YOU...
11-1-2017 Newshound Guru MilitiaMan Article: "Rashid calls on military retirees to receive their salaries Wednesday" Quote: "The salaries of military retirees will be launched for November this year through manual exchange and smart card on Wednesday," the bank's press office said in a press release. "Civil retirees can receive their salaries through bank branches or smart card outlets." They got paid... Nice...Now lets see if they tell us at what international rate if any, yet? I suspect if the 2017 budget gets released we'll know...imo.
11-1-2017 Newshound Guru Adam Montana We still have a November 7 OPEC meeting coming up. There are pretty telling indicators floating around right now regarding the current OIL situation. What I see as important right now is oil at $60ppb, the recognition that Iraq ignored the Kurdish referendum, and the references to HCL related items... What I really want to see in the next week is simple: 1. Nothing significant at the OPEC meeting. Just a smile and nod type of event where they agree to extend the current plan and keep oil around $60. 2. The meeting will mostly ignore Iraq. I don’t care if they talk about Iraq, include Iraq, reference Iraq in any minor way…as long as they primarily ignore Iraq, and don’t make any specific requests for commitments from Iraq, I’ll be happy. 3. Anything HCL related.
11-1-2017 Intel Guru Frank26 [Seems like A is giving a variety of speeches and interviews.. with an ALL important 1 hidden amongst the rest he's giving at this time?] IMO...These Speeches today from the Father of Iraq Abadi are the per-curses of a Mother of all Speeches to soon come to the Citizens of Iraq and the International World.
11-1-2017 Intel Guru RayRen98 [Any Parliament laws this week?] Yes, the HCL, and possibly that independence law for the CBI – we’ll have to wait and see.
11-1-2017 Newshound/Intel Guru Mnt Goat ...November already and Iraq is still fighting ISIS and still struggling with some important issues involved in the process to delete the zeros. But they will overcome all these issues and will move forward. I am told the CBI is ready now to move to the next phase of the project to delete the zeros and needs the “green light” from the GOI. So let’s look for this sign. I am also hearing this re-education process of the new currency must take place first in the privately owned banks and then to the civilian population.
11-1-2017 Intel Guru RayRen98 [Is the Kurdistan region experiencing a new rate there with salaries being paid through/from Baghdad recently?] Yes, they are being paid but my impression it was at the old rate. There are hints of a new rate yesterday evening, but that is not confirmed.
11-1-2017 Intel Guru Frank26 There is an A [Abadi?] Speech coming...That contains much and art8 with ch7 in it's core...Where IMO an RI will be concurrent with or the Fact after if. These IMO are the Steps that will trigger off a Chain Reaction of Explosive Info/Advancement of the IQD's MR...Very Quickly.
10-31-2017 Newshound/Intel Guru Mnt Goat Article: "IRAQS ECONOMIC RECOVERY" Quote: "...WILL BRING IRAQ BACK TO THE RANKS OF THE DEVELOPED COUNTRIES, WHICH BRINGS US BACK TO THE GLOBAL EXPECTATIONS THAT IRAQ WILL BE THE EIGHTH TIGER AMONG THE SEVEN TIGERS after his salvation from the challenges he faced." What do they mean that Iraq will become the “eighth tiger”? ...the term “TIGER” economy is actually a known term used by economists. A “tiger economy” is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living. Collectively this term refers to the economies of Indonesia, Malaysia, the Philippines, and Thailand, the four dominant countries in Southeast Asia. ...Iraq will outpace #8 place from 2017 rankings and move into this ranking in 2018. I am not sure where the other tigers will end up ranked but we do know Iraq will take its place in the rankings as a TIGER. Folks do you know just how amazing this news is? No middle eastern country has EVER ranked in this category of TIGER economies, NEVER, EVER! Can they do this without a currency being internationally traded? I don’t think so…
10-31-2017 Intel/Newshound Guru sandyf One thing you can take to the bank is that if the Iraqi currency is ever redeemed following a significant rise in value, the exchange will not be 'normal'.
10-31-2017 Intel Guru Bluwolf Main Source informed all personnel to be ready to start the exchange process. Let us pray that this be it finally.
10-31-2017 Intel Guru RayRen98 [What makes this week substantially different than any other week?] The news – just go back and compare last week’s news with the week before, and all those items of what was protected [projected ?] to happen and what actually has happened: provinces being liberated “in the coming days” – that is a stumbling block that is being removed, plus the HCL agreement that is now being settled.
10-31-2017 Intel Guru Dr. Clarke OCTOBER. VICTORY! For Sure. For Sure. For Sure. ROCKtober! The “Necessary” game changer. MISSION ACCOMPLISHED! Allaq. CBI. IMF. UN. Kurdistan. Barzani. Iraq. OIL. Money. OIL. President Trump. Saudi Arabia. Iran. Turkey. Syria. N. Korea. Russia-Uranium. Budgets. Taxes. OIL. Far East Region 10 Day Trip. OIL. Vietnam. Abadi’s ANNOUNCED Promises. China. Currency. Liberation. OIL. Freedom.
10-31-2017 Newshound/Intel Guru Mnt Goat Here is an interview with prime minister Abadi of Iraq. Abadi covers some very interesting topics, all of which we are concerned about the re-building their economy, POLITICAL STABILITY and SECURITY. He comes right out and tells us what are the issues still pending. He talks about the impact of ISIS and Daesh and the Kurdish referendum. He talks about the current problems and direction of Iraq. Remember I said that when we are trying to figure out a timeframe for the RV, it is not the rate of the dinar that we should be so concerned about...But rather the VALUE of the currency based on the economics and status of the region. The new rate (whatever it will be) will be a direct result of this increase in VALUE. So just remember there is still work to be done... [reference Mnt Goat post 10-30-2017]
10-31-2017 Intel/Newshound Guru sandyf One thing you can take to the bank is that if the Iraqi currency is ever redeemed following a significant rise in value, the exchange will not be 'normal'.
10-31-2017 Intel Guru Bluwolf Main Source informed all personnel to be ready to start the exchange process. Let us pray that this be it finally.
10-31-2017 Intel Guru RayRen98 [What makes this week substantially different than any other week?] The news – just go back and compare last week’s news with the week before, and all those items of what was protected [projected ?] to happen and what actually has happened: provinces being liberated “in the coming days” – that is a stumbling block that is being removed, plus the HCL agreement that is now being settled.
10-31-2017 Intel Guru Dr. Clarke OCTOBER. VICTORY! For Sure. For Sure. For Sure. ROCKtober! The “Necessary” game changer. MISSION ACCOMPLISHED! Allaq. CBI. IMF. UN. Kurdistan. Barzani. Iraq. OIL. Money. OIL. President Trump. Saudi Arabia. Iran. Turkey. Syria. N. Korea. Russia-Uranium. Budgets. Taxes. OIL. Far East Region 10 Day Trip. OIL. Vietnam. Abadi’s ANNOUNCED Promises. China. Currency. Liberation. OIL. Freedom.
10-31-2017 Newshound/Intel Guru Mnt Goat Here is an interview with prime minister Abadi of Iraq. Abadi covers some very interesting topics, all of which we are concerned about the re-building their economy, POLITICAL STABILITY and SECURITY. He comes right out and tells us what are the issues still pending. He talks about the impact of ISIS and Daesh and the Kurdish referendum. He talks about the current problems and direction of Iraq. Remember I said that when we are trying to figure out a timeframe for the RV, it is not the rate of the dinar that we should be so concerned about...But rather the VALUE of the currency based on the economics and status of the region. The new rate (whatever it will be) will be a direct result of this increase in VALUE. So just remember there is still work to be done... [reference Mnt Goat post 10-30-2017]
10-31-2017 Intel Guru RayRen98 [Dinar rate...was the $3.71 in your update. It’s been hovering around that number in your previous updates – do you think that’s what it will be, or close?] Yes, although recent hints speak of it being a little higher, possibly.
10-30-2017 Newshound/Intel Guru Mnt Goat Article: "The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017." This article is great but does everyone truly understand the impact of this news. To understand you must know what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. ...Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as "SWIFT codes". The majority of international interbank messages use the SWIFT network. The key to SWIFT is and I quote – “The majority of international interbank messages use the SWIFT network”.
10-30-2017 Intel Guru RayRen98 There was so much information coming out over the weekend! On late Sunday night, there were reports on the Erbil crisis, and that supposedly ended yesterday (29. October) due to civil agreements. That is from military sources, and it’s not official yet. The Law of Oil and Gas will end the Kurdish crisis when they finally come to agreement with it – and supposedly they have agreed. Those are the updates, and the progress they may have with what we are looking for. As I understand it, the HCL stuff and full liberation are the only things remaining, so we’ll see how they go.
10-30-2017 Intel Guru Delta Article: "Rafidain calls its branches to encourage citizens to deposit their money with the bank" CITIZENS URGES RAFIDIAN BANK TO INCREASE THE VALUE OF IRAQI DINAR FIRST!!! lol
10-30-2017 Newshound Guru MilitiaMan Article: "During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017" Quote: "The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017..." This is valuation, assessment, it is in ones best interest to be paying attention to it..
10-30-2017 Newshound/Intel Guru Mnt Goat There is no GCR! ...There is only ONE (1) one...currency we know for certainty that will increase substantially in value shortly. This is the Iraqi dinar. I base this on the FACTS and I believe they are building up yet more evidence today that they are heading for a window timeframe of EARLY January 2018. I can assure you there are still items to correct and fix (work to be done) prior an RV. So relax. It is coming shortly, but just not today or this week. [post 2 of 2]
10-30-2017 Newshound/Intel Guru Mnt Goat ...they can’t significantly increase the value of the dinar until there is a positive demand for it, thus the “value” of it must increase. The rate will just change accordingly. Remember the dinar RATE and VALUE and two different entities. ...many will tell you the VALUE is the assets in the ground and they would be partially correct. Yes – these assets do matter but they are not the sole determining factor to the VALUE of a currency. Much of the VALUE comes from a level of speculation, perception and tradability. Remember what currency really is. It is a piece of paper that is a placeholder for the goods and services rendered. Instead of paying the like valued goods and services or gold, you pay in currency, which must be as VALUED as the goods and services rendered. So does the Iraqi dinar now fit this definition of currency? No- and that is why they must change the perception first. [post 1 of 2....stay tuned]
10-30-2017 Newshound Guru EHankins ...IT SEEMS VERY QUIET HERE... ALMOST INTENTIONAL AS IF SOMETHING IS ABOUT TO EXPLODE AND TO CONCURRENTLY BRING MANY MANY THINGS TO LIGHT...I COULD BE WRONG...GUESS WE'LL WAIT AND SEE.
10-30-2017 Newshound Guru MilitiaMan Article: "A member of the German ruling party Mustafa al-Ammar nominated Iraqi Prime Minister Haider al-Abadi for the Nobel Peace Prize" After watching Abadi yesterday in the WSJ, New York and LA Times interview one can not argue this man deserves it and rightfully so too!! The man is all about unity, integrity and above all the Iraqi citizens!
10-30-2017 Intel Guru RayRen98 There was so much information coming out over the weekend! On late Sunday night, there were reports on the Erbil crisis, and that supposedly ended yesterday (29. October) due to civil agreements. That is from military sources, and it’s not official yet. The Law of Oil and Gas will end the Kurdish crisis when they finally come to agreement with it – and supposedly they have agreed. Those are the updates, and the progress they may have with what we are looking for. As I understand it, the HCL stuff and full liberation are the only things remaining, so we’ll see how they go.
10-30-2017 Intel Guru Delta Article: "Rafidain calls its branches to encourage citizens to deposit their money with the bank" CITIZENS URGES RAFIDIAN BANK TO INCREASE THE VALUE OF IRAQI DINAR FIRST!!! lol
10-30-2017 Newshound Guru MilitiaMan Article: "During his chairing a meeting of the Committee of Diwani Order No. (54) for the year 2017" Quote: "The Administrative Agent stresses the importance of completing the work of the Reform Committee and addressing the indicators of the assessment of Iraq in the annual report 2017..." This is valuation, assessment, it is in ones best interest to be paying attention to it..
10-30-2017 Newshound/Intel Guru Mnt Goat There is no GCR! ...There is only ONE (1) one...currency we know for certainty that will increase substantially in value shortly. This is the Iraqi dinar. I base this on the FACTS and I believe they are building up yet more evidence today that they are heading for a window timeframe of EARLY January 2018. I can assure you there are still items to correct and fix (work to be done) prior an RV. So relax. It is coming shortly, but just not today or this week. [post 2 of 2]
10-30-2017 Newshound/Intel Guru Mnt Goat ...they can’t significantly increase the value of the dinar until there is a positive demand for it, thus the “value” of it must increase. The rate will just change accordingly. Remember the dinar RATE and VALUE and two different entities. ...many will tell you the VALUE is the assets in the ground and they would be partially correct. Yes – these assets do matter but they are not the sole determining factor to the VALUE of a currency. Much of the VALUE comes from a level of speculation, perception and tradability. Remember what currency really is. It is a piece of paper that is a placeholder for the goods and services rendered. Instead of paying the like valued goods and services or gold, you pay in currency, which must be as VALUED as the goods and services rendered. So does the Iraqi dinar now fit this definition of currency? No- and that is why they must change the perception first. [post 1 of 2....stay tuned]
10-30-2017 Newshound Guru EHankins ...IT SEEMS VERY QUIET HERE... ALMOST INTENTIONAL AS IF SOMETHING IS ABOUT TO EXPLODE AND TO CONCURRENTLY BRING MANY MANY THINGS TO LIGHT...I COULD BE WRONG...GUESS WE'LL WAIT AND SEE.
10-30-2017 Newshound Guru MilitiaMan Article: "A member of the German ruling party Mustafa al-Ammar nominated Iraqi Prime Minister Haider al-Abadi for the Nobel Peace Prize" After watching Abadi yesterday in the WSJ, New York and LA Times interview one can not argue this man deserves it and rightfully so too!! The man is all about unity, integrity and above all the Iraqi citizens!
10-29-2017 Newshound Guru MilitiaMan Article: "Parliament is voting on a number of bills today" This is going to be a good week!! Imo!
10-29-2017 Newshound Guru Walkingstick [Do you think it is at all feasible that we would see sometime, in the future, after the RI/RV occurred, any Iraqi banks opening branches anywhere in the US?] Yes..
29-2017 Intel Guru RayRen98 Saturday reportings: Iraqi TV reported that the Kurds were given 4 hours to concede and stand down or fighting would resume...US officials are not happy about that decision...With liberation efforts starting on Thursday, a military spokesman has stated that in the coming hours the total liberation of Rawa and Al-Qaim. (That was fast! ...or was it?) Hours later - The Kurds have agreed to concede and stand down without further incident within the 4-hour ultimatum. (End of any civil war) Barzani is "supposed" to be stepping down by November 1, 2017. [post 2 of 2]
10-29-2017 Intel Guru RayRen98 From Friday's reporting: PM Abadi sends in troops to take territory held by Kurds after refusing to accept any offers other than the cancellation of Kurd action and full respect of the Iraqi constitution. This civil war resulted in some bloodshed and loss of life. An Iraqi bank source shared that once Iraq is fully liberated, the new rate of $3.71 (or possibly higher) will be self-evident everywhere and that it is already "in place" waiting for public release. Abadi is steadfastly targeting mid-November or later for full liberation announcement however the military is accomplishing objectives ahead of projected schedules. [post 1 of 2....stay tuned]
10-29-2017 Newshound Guru Walkingstick [Do you think it is at all feasible that we would see sometime, in the future, after the RI/RV occurred, any Iraqi banks opening branches anywhere in the US?] Yes..
29-2017 Intel Guru RayRen98 Saturday reportings: Iraqi TV reported that the Kurds were given 4 hours to concede and stand down or fighting would resume...US officials are not happy about that decision...With liberation efforts starting on Thursday, a military spokesman has stated that in the coming hours the total liberation of Rawa and Al-Qaim. (That was fast! ...or was it?) Hours later - The Kurds have agreed to concede and stand down without further incident within the 4-hour ultimatum. (End of any civil war) Barzani is "supposed" to be stepping down by November 1, 2017. [post 2 of 2]
10-29-2017 Intel Guru RayRen98 From Friday's reporting: PM Abadi sends in troops to take territory held by Kurds after refusing to accept any offers other than the cancellation of Kurd action and full respect of the Iraqi constitution. This civil war resulted in some bloodshed and loss of life. An Iraqi bank source shared that once Iraq is fully liberated, the new rate of $3.71 (or possibly higher) will be self-evident everywhere and that it is already "in place" waiting for public release. Abadi is steadfastly targeting mid-November or later for full liberation announcement however the military is accomplishing objectives ahead of projected schedules. [post 1 of 2....stay tuned]
10-28-2017 Intel Guru RayRen98 This is a good situation to be in, even if we have a little bit more of a wait. It could be to our advantage to wait until the first of the year to do our major exchanges, based on the tax implications It might be a silver lining, a blessing in disguise. We don’t know that yet.
10-28-2017 Newshound/Intel Guru Mnt Goat Barzani has not yet resigned as of ...Oct 27th.
10-28-2017 Intel/Newshound Guru sandyf I have no doubt that most will have heard at some point the gurus refer to the MCP or Multi Currency Practice. ...It has absolutely nothing to do with currency auctions or using USD in Iraq. The MCP that the IMF have listed as as an exchange restriction on Iraq is to do with the settlement of international invoices. Suppliers are submitting invoices to Iraq in their own currency and the Iraqi importers are paying the invoices at an exchange rate that deviates by more than 2% from the governments fixed exchange rate. The IMF have requested that Iraq put some mechanism in place to prevent this happening. Companies that are having to pay over the odds to obtain foreign currency are trying to pass the loss on to the suppliers. Although allowed under Art 14 this would be in breach of the requirements of IMF Article 8.
10-28-2017 Newshound Guru G-Lin Article: "Banking relations between Iraq and Saudi Arabia strengthen the role of the private sector in the economic decision" ...what is interesting is that this goes against Maliki and Iran. Maybe the U.S. has told Abadi that M's days are numbered. ...it seems Abadi has stepped up to plate on economic activities that would open Iraq up to the world and let the people reap the wealth of their country. Something M and Iran have never allowed.
10-28-2017 Intel Guru Delta Article: "CBI directs Banks to implement SWIFT Standards" Quote: "The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017." THE TRICKY KEY WORD...(wink) BEFORE THE END OF 2017...NOT AT THE END OF 2017!!!
10-28-2017 Newshound/Intel Guru Mnt Goat Article: "ABADI - THE GOVERNMENT IS DETERMINED TO IMPLEMENT THE LAW AND THE CONSTITUTION IN ALL REGIONS" ...they must complete the constitution and it must be implemented in all regions. No constitution, No RV. If implementing the constitution was not important then why all this fuss? I stand my ground and are telling you the PTB want that constitution “fully” implemented. This article just more proof. What is the basis of the new democracy set up in Iraq? It’s their constitution.
10-28-2017 Intel/Newshound Guru sandyf They are working towards Article 8 and each year they get a bit closer. Recent comments regarding exchange restrictions are quite encouraging. It is entirely up to Iraq, they must implement what is required and notify the IMF that they are prepared to accept the obligations of Article 8. Many seem to think it is the other way round.
10-28-2017 Newshound/Intel Guru Mnt Goat Barzani has not yet resigned as of ...Oct 27th.
10-28-2017 Intel/Newshound Guru sandyf I have no doubt that most will have heard at some point the gurus refer to the MCP or Multi Currency Practice. ...It has absolutely nothing to do with currency auctions or using USD in Iraq. The MCP that the IMF have listed as as an exchange restriction on Iraq is to do with the settlement of international invoices. Suppliers are submitting invoices to Iraq in their own currency and the Iraqi importers are paying the invoices at an exchange rate that deviates by more than 2% from the governments fixed exchange rate. The IMF have requested that Iraq put some mechanism in place to prevent this happening. Companies that are having to pay over the odds to obtain foreign currency are trying to pass the loss on to the suppliers. Although allowed under Art 14 this would be in breach of the requirements of IMF Article 8.
10-28-2017 Newshound Guru G-Lin Article: "Banking relations between Iraq and Saudi Arabia strengthen the role of the private sector in the economic decision" ...what is interesting is that this goes against Maliki and Iran. Maybe the U.S. has told Abadi that M's days are numbered. ...it seems Abadi has stepped up to plate on economic activities that would open Iraq up to the world and let the people reap the wealth of their country. Something M and Iran have never allowed.
10-28-2017 Intel Guru Delta Article: "CBI directs Banks to implement SWIFT Standards" Quote: "The Central Bank of Iraq (CBI) has directed all Iraqi banks to adopt user protection standards approved by SWIFT before the end of 2017." THE TRICKY KEY WORD...(wink) BEFORE THE END OF 2017...NOT AT THE END OF 2017!!!
10-28-2017 Newshound/Intel Guru Mnt Goat Article: "ABADI - THE GOVERNMENT IS DETERMINED TO IMPLEMENT THE LAW AND THE CONSTITUTION IN ALL REGIONS" ...they must complete the constitution and it must be implemented in all regions. No constitution, No RV. If implementing the constitution was not important then why all this fuss? I stand my ground and are telling you the PTB want that constitution “fully” implemented. This article just more proof. What is the basis of the new democracy set up in Iraq? It’s their constitution.
10-28-2017 Intel/Newshound Guru sandyf They are working towards Article 8 and each year they get a bit closer. Recent comments regarding exchange restrictions are quite encouraging. It is entirely up to Iraq, they must implement what is required and notify the IMF that they are prepared to accept the obligations of Article 8. Many seem to think it is the other way round.
10-27-2017 Newshound Guru G-Lin Article quote: "...the Investment Law No. 13 of 2006 and its amendments have been legislated, but this law needs to stand at some of its joints to establish a successful investment process in the country." It looks as though the Investment Law 13 of 2006 along with the added amendments, {amendments being key} may be sufficient to open up the investment process. They have been legislated. Just need to apply.
10-27-2017 Intel Guru RayRen98 Look at where we are this year compared to earlier years at this time: we have more info in print, from the banks in the US and Iraq, people being paid in Iraq, the cards being used here and in other countries. Heck, Iraq is telling their citizens openly that they are changing the value of the currency and they will have more purchasing power. It’s possible this will linger into the end of the year – anything’s possible – although it doesn’t look like it from the information I’m seeing. We just have to hold on.
10-27-2017 Newshound/Intel Guru Mnt Goat So are there yet more areas to be cleared in Iraq? Surely it will not take 2 months to clear Takfiri alone. Just so there is not misunderstanding, from the Mnt Goat, there will be NO reinstatement of the Iraqi dinar until ISIS and any terrorists group is gone from Iraq. This is not my “opinion” as the FACTS are adding up that we are getting more and more confirmation they may be planning to move forward with the reinstatement sometime in EARLY January of 2018. All we can do is keep watching it unfold and gather our FACTS build up a case that is leading us down the path of making this analysis and conclusion. [post 2 of 2]
10-27-2017 Newshound/Intel Guru Mnt Goat UPDATE FIGHTING ISIS: The Iraqi army has launched a three-pronged offensive aimed at liberating the final Daesh-held areas in the country’s western Anbar province. The army announced early on Thursday morning that the offensive to liberate the towns of Rawa and Qa'im, located close to the Syrian border, WILL BE THE FINAL OPERATION IN THE COUNTRY AGAINST THE TAKFIRI TERRORIST GROUP. On Wednesday, the Iraqi air force dropped leaflets on the two towns warning civilians about the upcoming operation. Earlier this month, Iraqi Prime Minister Haider al-Abadi said Daesh will be totally defeated in the country by the end of the year. [post 1 of 2....stay tuned]
10-27-2017 Intel Guru Bruce When it comes to Iraq...we can’t really start until Iraq is ready to go. Everything is very positive in Iraq. The in-country rate is way above what you have heard. Remember I talked about Dr. Shabbi in the past and what he said at a conference in 2012 that the dinar could support a certain rate back then. That is where we are right now in-country. That is not here, but in Iraq. Very good news. Everything has been done in Iraq. The only thing they haven’t done is put the rate out. We should see some really interesting things come through for us the next 2 to 3 days. “What makes today any different?” It is different because more things have happened, have preceded, stuff behind the scenes. You are at the end of the ride. I heard from sources we won’t go all the way into the weekend before this happens.
10-27-2017 Newshound Guru Enorrste To sum up: I find this to be a very positive event overall, even though it consists merely of statements of intent rather than lists of actual accomplishments. It clearly shows that a lot of progress has been made over the last 3 or 4 years. Therefore, it is my view that once this last hurdle is overcome (getting people to actually use the banks), that foreign investors, who are begging to get into Iraq due to the huge potential, will jump on board as soon as it is economically feasible to do so. [post 3 of 3]
10-27-2017 Guest Guru BobTheTaxMan …my invitation to you is to look for easy. What is the reputation of the person you’re dealing with? Have you had references from other people so they’re good people to work with? Lastly, how to you feel when you talk to them? Do they listen to you? Do they spend more time listening than talking? Are they trying to sell you something? Or are they honestly interested in what you wish to accomplish? Use these common sense things when you have a conversation with these professionals. It’s important that you do. Trust yourself…and then follow their advice…and stick to the plans. That’s what’s going to keep you safe. [Post 2 of 2]
10-27-2017 Newshound Guru Enorrste It is a positive sign to me that all of the representatives on this panel recognize the liquidity problem and understand that getting the money out of the mattresses is the solution. I would venture to guess that the CBI has a plan to push this process along, even to the point of forcing people to use their mattress money if necessary. As with my other comments above I believe that this snowball affect will be the most important, once it begins. The statement by one of the Iraqi bankers...was quite revealing, namely that he appealed to the CBI to just given the banks a checklist of things that need to be done to bring them into full compliance. I would wager that this proposal will be acted upon quickly by the CBI, once it is presented to them, and that full compliance across the board will occur shortly thereafter. One thing is clear: all of the Iraqi bank representatives expressed a deep desire to be fully compliant. The statement was simple: "Just tell us what to do and we will do it!" [post 2 of 3....stay tuned]
10-27-2017 Newshound Guru Enorrste "Achieving Growth in Contexts of Great Challenge: The Iraqi Private Banking Sector" The very fact that this conference exists is a good sign. It shows that all parties are aware of the problem and are attempting to work out a solution. The issue of whether any bank coming into a correspondent relationship will find it likely that they will make money is a serious concern. ...At the same time there was a clear understanding by one of the members of the "wild west" theory that KAP [Guru Kaperoni] and I have talked about for years. She said almost the same thing we have been saying all along, namely that once the movement begins it will snowball and lead to very rapid economic growth in Iraq. It is the beginning of the snowball that is the current problem. Several members indicated that the laws and regulations are now in place, but that implementation is what is lacking. This, to me, is a positive step. I think that this is a lot like the snowball affect that I just mentioned: it just needs to get started. Once it does the confidence level will rise in bank usage. Once that happens foreign banks will want to get involved as well. [post 1 of 3....stay tuned]
10-27-2017 Intel Guru RayRen98 Look at where we are this year compared to earlier years at this time: we have more info in print, from the banks in the US and Iraq, people being paid in Iraq, the cards being used here and in other countries. Heck, Iraq is telling their citizens openly that they are changing the value of the currency and they will have more purchasing power. It’s possible this will linger into the end of the year – anything’s possible – although it doesn’t look like it from the information I’m seeing. We just have to hold on.
10-27-2017 Newshound/Intel Guru Mnt Goat So are there yet more areas to be cleared in Iraq? Surely it will not take 2 months to clear Takfiri alone. Just so there is not misunderstanding, from the Mnt Goat, there will be NO reinstatement of the Iraqi dinar until ISIS and any terrorists group is gone from Iraq. This is not my “opinion” as the FACTS are adding up that we are getting more and more confirmation they may be planning to move forward with the reinstatement sometime in EARLY January of 2018. All we can do is keep watching it unfold and gather our FACTS build up a case that is leading us down the path of making this analysis and conclusion. [post 2 of 2]
10-27-2017 Newshound/Intel Guru Mnt Goat UPDATE FIGHTING ISIS: The Iraqi army has launched a three-pronged offensive aimed at liberating the final Daesh-held areas in the country’s western Anbar province. The army announced early on Thursday morning that the offensive to liberate the towns of Rawa and Qa'im, located close to the Syrian border, WILL BE THE FINAL OPERATION IN THE COUNTRY AGAINST THE TAKFIRI TERRORIST GROUP. On Wednesday, the Iraqi air force dropped leaflets on the two towns warning civilians about the upcoming operation. Earlier this month, Iraqi Prime Minister Haider al-Abadi said Daesh will be totally defeated in the country by the end of the year. [post 1 of 2....stay tuned]
10-27-2017 Intel Guru Bruce When it comes to Iraq...we can’t really start until Iraq is ready to go. Everything is very positive in Iraq. The in-country rate is way above what you have heard. Remember I talked about Dr. Shabbi in the past and what he said at a conference in 2012 that the dinar could support a certain rate back then. That is where we are right now in-country. That is not here, but in Iraq. Very good news. Everything has been done in Iraq. The only thing they haven’t done is put the rate out. We should see some really interesting things come through for us the next 2 to 3 days. “What makes today any different?” It is different because more things have happened, have preceded, stuff behind the scenes. You are at the end of the ride. I heard from sources we won’t go all the way into the weekend before this happens.
10-27-2017 Newshound Guru Enorrste To sum up: I find this to be a very positive event overall, even though it consists merely of statements of intent rather than lists of actual accomplishments. It clearly shows that a lot of progress has been made over the last 3 or 4 years. Therefore, it is my view that once this last hurdle is overcome (getting people to actually use the banks), that foreign investors, who are begging to get into Iraq due to the huge potential, will jump on board as soon as it is economically feasible to do so. [post 3 of 3]
10-27-2017 Guest Guru BobTheTaxMan …my invitation to you is to look for easy. What is the reputation of the person you’re dealing with? Have you had references from other people so they’re good people to work with? Lastly, how to you feel when you talk to them? Do they listen to you? Do they spend more time listening than talking? Are they trying to sell you something? Or are they honestly interested in what you wish to accomplish? Use these common sense things when you have a conversation with these professionals. It’s important that you do. Trust yourself…and then follow their advice…and stick to the plans. That’s what’s going to keep you safe. [Post 2 of 2]
10-27-2017 Newshound Guru Enorrste It is a positive sign to me that all of the representatives on this panel recognize the liquidity problem and understand that getting the money out of the mattresses is the solution. I would venture to guess that the CBI has a plan to push this process along, even to the point of forcing people to use their mattress money if necessary. As with my other comments above I believe that this snowball affect will be the most important, once it begins. The statement by one of the Iraqi bankers...was quite revealing, namely that he appealed to the CBI to just given the banks a checklist of things that need to be done to bring them into full compliance. I would wager that this proposal will be acted upon quickly by the CBI, once it is presented to them, and that full compliance across the board will occur shortly thereafter. One thing is clear: all of the Iraqi bank representatives expressed a deep desire to be fully compliant. The statement was simple: "Just tell us what to do and we will do it!" [post 2 of 3....stay tuned]
10-27-2017 Newshound Guru Enorrste "Achieving Growth in Contexts of Great Challenge: The Iraqi Private Banking Sector" The very fact that this conference exists is a good sign. It shows that all parties are aware of the problem and are attempting to work out a solution. The issue of whether any bank coming into a correspondent relationship will find it likely that they will make money is a serious concern. ...At the same time there was a clear understanding by one of the members of the "wild west" theory that KAP [Guru Kaperoni] and I have talked about for years. She said almost the same thing we have been saying all along, namely that once the movement begins it will snowball and lead to very rapid economic growth in Iraq. It is the beginning of the snowball that is the current problem. Several members indicated that the laws and regulations are now in place, but that implementation is what is lacking. This, to me, is a positive step. I think that this is a lot like the snowball affect that I just mentioned: it just needs to get started. Once it does the confidence level will rise in bank usage. Once that happens foreign banks will want to get involved as well. [post 1 of 3....stay tuned]
10-26-2017 Intel Guru Rayren98 [Looking like we are there...this week to the best of your knowledge?] Yes, to the best of my knowledge. [Has the HCL taken place yet and do you think it is necessary to progress to the RV?] A lot of you think X or Y is necessary to have the RV, and if we are moving ahead of schedule, or moving too fast, they will find things to compensate for the time lag. Something like 3% of Iraq needs to be liberated, and the troops are being told to stand down, when they could have dealt with those areas two weeks ago. Maybe that is just a distraction while they follow their time frame instead of an expedited time frame.
10-26-2017 Intel Guru Frank26 THERE IS NOTHING ELSE TO SHARE ...IMO. JUST TO BE PATIENT AND...WATCH.
10-26-2017 Intel/Newshound Guru sandyf "If Kuiwat can revalue when they did so can Iraq now" Another fundamental misconception. When Iraq invaded Kuwait they made the IQD the national currency of Kuwait. The KWD lost value because it was no longer a national currency and could not be exchanged. It was never devalued. When the occupation came to an end the KWD was reinstated as the national currency of Kuwait at the same value as it was prior to the occupation, no revaluation.
10-26-2017 Guest Guru BobTheTaxMan Get other professionals advice. You’re going to have conversations with SIX tax attorneys. SIX CPAs or accounting firms. SIX financial planners. You might be saying, “Yeah, but Bob that’s so much time.” Yeah it is, but what you’re going to find is that everyone is going to have a different idea…I’d go to them and say, “This is what I have. This is what I want. This is what I ultimately want to accomplish. Show me your ideas.” So the things you’re going to listen for is…Do they make sense?…[Post 1 of 2]
10-26-2017 Newshound/Intel Guru Mnt Goat We are still looking at a very good window between now and early January 2018. Currently there is no indication this is imminent... Yes, there has been some very good news that the process to delete the zeros is moving forward and the financial ministry is working with the CBI to prepare to go international. ...we are still waiting for the re-educational process to begin. By this process I mean to roll out the education of the newer notes and the transition process and how it will all play out.
10-26-2017 Intel Guru RayRen98 [...although Abadi’s speech was not what we were loking for... What are you specifically looking for Abadi to say?...] I’m looking for him to say that the liberation has been achieved, and that economic reforms are completed, with national reconciliation and removal of restrictions of the currencies and the multi-currency process. It’s a daisy chain: the country being unified and liberated, economic reform, people being paid, etc.
10-26-2017 Intel/Newshound Guru sandyf [new Guru] "Iraq cannot become a member of the WTO without an international currency" This is another huge misconception. Myanmar, Cambodia and Laos are all members of the WTO with an Article 14 currency the same as Iraq. Myanmar has had more years of UN sanctions than I care to remember. Iraq has not had a meeting with the WTO since 2008, Laos became a member of the WTO in 2013 and had 6 meetings with the WTO between 2008 and 2012. To become a WTO member each country must have a credible trade profile. This has been a major stumbling block for Iraq with Iraq and Kurdistan unable to come to some agreement. They each have their own view on the implementation of tariffs and until that is resolved the WTO is dead in the water. Absolutely nothing to do with the currency.
10-26-2017 Newshound/Intel Guru Mnt Goat ...Iran, Jordan, Kuwait and the Saudi’s want to trade using their own currencies and not have to convert to the US dollar each time they want to do business with Iraq. ...these other countries are already trading in this manner and hoped that Iraq would soon join them as trading partners “in this manner”. This is all very good news and puts lots of pressure for Iraq to use this own dinar. But how does Iraq do this? It is much more than just “pushing a button” or as some say “triggering the RV”. It is a very complicated process to change over a hyper-inflationary purposed currency without either stagnating the economy or causing hyper- inflationary situation. Remember they are not lopping the 3 zeros and so it makes it even more tender of a situation to manage. So they move cautiously and slowly. Even Dr. Shabibi told us this process “would take years to implement” and it has taken years. We are about to see the end result. [post 2 of 2]
10-26-2017 Newshound/Intel Guru Mnt Goat Abadi made a speech on Tuesday oct 24th saying that Iraq is ready to take its leading role in the region and the world. ...this does not mean they are about to RV. This is not some speech we have been waiting for to trigger the RV. You must not take an event and just look at the event. Instead you must consider everything going on around the event and what leads up to it. This will give you the entire picture. ...When the RV does happens it will be a re-instatement of the currency to the international community and it will coincide nicely with all the international efforts the CBI and Finance ministry has been doing over these last years. Abadi said...the goal was to bring the war torn nation “back to its former glory”. They need their currency back online with the rest of the world...this re-instatement is the end result not the goal. It is a necessity not a goal. [post 1 of 2....stay tuned]
10-26-2017 Intel Guru RayRen98 What substance does my information have behind it? Bankers are saying quite possibly this week, added together with the information coming out of Iraq, plus people with cards with dinar loaded on them (in the US and other countries), with a rate of $3+. It’s a waiting process, and we still don’t know for how long.
10-26-2017 Newshound Guru MilitiaMan Article: "Official reception of the Prime Minister Dr. Haider Abadi at the Turkish Government Palace in Ankara" ...it's timing, it's placement. ...One more stop for Abadi with Tehran with an olive branch in offering from Iraq, Saudi Arabia, the region in reconciliation to move forward in harmony, in friendship and not to mention, profits for all...
10-26-2017 Intel Guru Frank26 THERE IS NOTHING ELSE TO SHARE ...IMO. JUST TO BE PATIENT AND...WATCH.
10-26-2017 Intel/Newshound Guru sandyf "If Kuiwat can revalue when they did so can Iraq now" Another fundamental misconception. When Iraq invaded Kuwait they made the IQD the national currency of Kuwait. The KWD lost value because it was no longer a national currency and could not be exchanged. It was never devalued. When the occupation came to an end the KWD was reinstated as the national currency of Kuwait at the same value as it was prior to the occupation, no revaluation.
10-26-2017 Guest Guru BobTheTaxMan Get other professionals advice. You’re going to have conversations with SIX tax attorneys. SIX CPAs or accounting firms. SIX financial planners. You might be saying, “Yeah, but Bob that’s so much time.” Yeah it is, but what you’re going to find is that everyone is going to have a different idea…I’d go to them and say, “This is what I have. This is what I want. This is what I ultimately want to accomplish. Show me your ideas.” So the things you’re going to listen for is…Do they make sense?…[Post 1 of 2]
10-26-2017 Newshound/Intel Guru Mnt Goat We are still looking at a very good window between now and early January 2018. Currently there is no indication this is imminent... Yes, there has been some very good news that the process to delete the zeros is moving forward and the financial ministry is working with the CBI to prepare to go international. ...we are still waiting for the re-educational process to begin. By this process I mean to roll out the education of the newer notes and the transition process and how it will all play out.
10-26-2017 Intel Guru RayRen98 [...although Abadi’s speech was not what we were loking for... What are you specifically looking for Abadi to say?...] I’m looking for him to say that the liberation has been achieved, and that economic reforms are completed, with national reconciliation and removal of restrictions of the currencies and the multi-currency process. It’s a daisy chain: the country being unified and liberated, economic reform, people being paid, etc.
10-26-2017 Intel/Newshound Guru sandyf [new Guru] "Iraq cannot become a member of the WTO without an international currency" This is another huge misconception. Myanmar, Cambodia and Laos are all members of the WTO with an Article 14 currency the same as Iraq. Myanmar has had more years of UN sanctions than I care to remember. Iraq has not had a meeting with the WTO since 2008, Laos became a member of the WTO in 2013 and had 6 meetings with the WTO between 2008 and 2012. To become a WTO member each country must have a credible trade profile. This has been a major stumbling block for Iraq with Iraq and Kurdistan unable to come to some agreement. They each have their own view on the implementation of tariffs and until that is resolved the WTO is dead in the water. Absolutely nothing to do with the currency.
10-26-2017 Newshound/Intel Guru Mnt Goat ...Iran, Jordan, Kuwait and the Saudi’s want to trade using their own currencies and not have to convert to the US dollar each time they want to do business with Iraq. ...these other countries are already trading in this manner and hoped that Iraq would soon join them as trading partners “in this manner”. This is all very good news and puts lots of pressure for Iraq to use this own dinar. But how does Iraq do this? It is much more than just “pushing a button” or as some say “triggering the RV”. It is a very complicated process to change over a hyper-inflationary purposed currency without either stagnating the economy or causing hyper- inflationary situation. Remember they are not lopping the 3 zeros and so it makes it even more tender of a situation to manage. So they move cautiously and slowly. Even Dr. Shabibi told us this process “would take years to implement” and it has taken years. We are about to see the end result. [post 2 of 2]
10-26-2017 Newshound/Intel Guru Mnt Goat Abadi made a speech on Tuesday oct 24th saying that Iraq is ready to take its leading role in the region and the world. ...this does not mean they are about to RV. This is not some speech we have been waiting for to trigger the RV. You must not take an event and just look at the event. Instead you must consider everything going on around the event and what leads up to it. This will give you the entire picture. ...When the RV does happens it will be a re-instatement of the currency to the international community and it will coincide nicely with all the international efforts the CBI and Finance ministry has been doing over these last years. Abadi said...the goal was to bring the war torn nation “back to its former glory”. They need their currency back online with the rest of the world...this re-instatement is the end result not the goal. It is a necessity not a goal. [post 1 of 2....stay tuned]
10-26-2017 Intel Guru RayRen98 What substance does my information have behind it? Bankers are saying quite possibly this week, added together with the information coming out of Iraq, plus people with cards with dinar loaded on them (in the US and other countries), with a rate of $3+. It’s a waiting process, and we still don’t know for how long.
10-26-2017 Newshound Guru MilitiaMan Article: "Official reception of the Prime Minister Dr. Haider Abadi at the Turkish Government Palace in Ankara" ...it's timing, it's placement. ...One more stop for Abadi with Tehran with an olive branch in offering from Iraq, Saudi Arabia, the region in reconciliation to move forward in harmony, in friendship and not to mention, profits for all...
10-25-2017 Newshound Guru Adam Montana Regarding Iraq's influx of eager business countries/people/companies... of COURSE there are suitors lining up! Iraq is on the way up. It may take a little longer, or it may happen today or tomorrow, but it doesn't take a genius to see that they ARE on the way up.
10-25-2017 Intel Guru Frank26 IMO...OUR DAYS TOGETHER IN THE MR [Monetary Reform] STUDY ARE BUT FEW. HOW DOES ONE INTRODUCE A CESSATION? [...in Hawaii... to introduce a Cessation...would one not say..."Aloha"?] In this Cessation...We say all three of Aloha's meanings...I Love You and...Greetings as we say...Goodbye.
10-25-2017 Intel Guru RayRen98 Who would have thought we would still be on this side of the public release of the RV? We are in it to win it, however long it takes. In terms of expectations, there seem to be a few issues with the banks that are being resolved, and they now expect some things to pop out later this week. In Iraq, the Kurds are standing down on the referendum issue, conceding and looking back at Article 140. More than likely that will be acceptable to them. As for Abadi, he made a statement that Iraq is ready to take a leading role in the region and in the world. For most, that implies a change in the currency. Economists are also talking about an upcoming change in the value. In the US, the banks are now saying, “Dinar? We’ll deal with it”, rather than the previous position of not touching it with a ten-foot pole. We’re halfway through the week, and we still patiently await what happens.
10-25-2017 Newshound Guru Adam Montana Important note regarding OPEC: This organization doesn't have any direct say in where the CBI sets their auction/trading prices, nor do they have any direct impact on the HCL. HOWEVER... there are already OPEC members looking to wrap up the oil production limits, while others are posturing as if they want to extend it to the end of 2018 or longer. As you might suspect, the wealthier and more financially stable countries are in favor of extending and the little guys are hoping for a quick end to it. Iraq is basically the silent little person in the corner, watching and biding their comments. If they do something before November 7, it will change the "World Oil Outlook". If they don't, then I think the outcome of the upcoming OPEC meeting will give us some serious clues as to what will happen next. Hopefully the OPEC thoughts are some good food for thought, and with any other (better) luck, hopefully we won't even have time to ponder it too long before an HCL sneaks up on us. [post 2 of 2]
10-25-2017 Newshound Guru Adam Montana There is a current agreement amongst a majority of OPEC participating countries designed to control the oil market in the supposed interest of keeping the global economy. I'm not presenting a specific conspiracy theory on that thought, I'm just saying "supposed" because there's always some kind of backdoor deal or subterfuge going on with anything related to politicians! That's also not to say that the current OPEC agreement is a bad thing. I feel like it was a good move on many levels, but let's move on. The current OPEC agreement - and keep in mind, this is a sort of informal, kind of semi-official, non-binding-to-Iraq, completely-beneficial-to-Iraq - yes, that OPEC agreement continues to run a course very attractive to Iraq's interests. Bottom line - Iraq's still sitting pretty in it's ability to potentially skirt the current production limitations and they wouldn't even feel the need to apologize for getting a nice break. Important date regarding the OPEC agreement: November 7, Vienna Austria. [post 1 of 2....stay tuned]
10-25-2017 Intel Guru Frank26 Article: "A new project to provide electronic payment services to local banks" Quote: "...while confirming the company portal of Iraq Electronic Financial Services, it is certified according to international standards and instructions of the Central Bank of Iraq, and sets the best global financial practices" ...logic says that the banks of Iraq are not just connected to the American banks but they are now connected to every bank on this planet earth!!! AMAZING!!!...LOL...guess what's next!!!
10-25-2017 Intel Guru Bruce In Iraq Prime Minister Abadi had made an announcement on Sunday or Saturday...The language in it was very positive about economic reforms moving forward....The idea of the restoration of Iraq. The belief was that it was what was needed to be said by Prime Minister Abadi to move Iraq forward and release everything in terms of the blessing. Everything we have heard is very positive where we are right now with all the currencies coming together, and with all countries coming to together in agreement. With the timing of this coming very close... I can just tell you we really thought we were there even last night. Things happened that didn’t allow it. Those things have been handled and it is moving forward. We are in a great place...
10-25-2017 Guest Guru BobTheTaxMan Cash in up front only what you need. Remember, when you cash in your dinar you’ve created a taxable event. So only cash in what you need. So what do you need? Well you have debts you’re going to want to pay off…you’re going to have certain expenses…Legal and accounting expenses that are going to be coming up in the future. Some plans that are going to require some money…so all of those things need to be taken care of. Only cash in enough to take care of that to meet your immediate needs. Next, get your house taken care of. Pay off your mortgage…your cars. All the debts you have hanging on your shoulders, pay them off. Is there going to be a taxable event? Of course there is obviously and you’re going to calculate whatever your taxes are…this is where you also have a conversation with your tax professional. Because when it comes to fruition they ARE going to listen to you. Because money always talks…so take care of those things first.
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-25-2017 Intel/Newshound Guru payray Article Quote: "Iraq and Saudi Arabia are two major economic powers in the world to acquire the wealth of the two sides, which require a large volume of work that requires the efforts of the private sector in both countries and the region, as well as the evolving global effort to invest in wealth in a way that changes the shape of the economies of the region for the better." In other words they are saying, "There is money to be made guys... Lets get to it."...
10-25-2017 Newshound Guru mike Article: "Abadi defends role of Iranian-backed paramiltaries at meeting with Tillerson" Quote: "In his opening remarks at the meeting with Tillerson, Abadi said Popular Mobilisation "is part of the Iraqi institutions," rejecting accusations that it is acting as an Iranian proxy." These articles are the reality of Iraq right now, it ain't pretty but it's the facts. Abadi's reluctance to remove the Iranians from Iraq is a huge indicator for who's really in control of Iraq. Tillerson told them to go and Abadi told him to go pound sand. This article is an illustration for why we're still sitting here waiting for Iraq to move towards an open market economy, it's because they do what Iran tells them to do, not the US or EU. Hopefully Iran will allow the Iraqi people to move towards an open market economy and things will change for the dinar, but in the meantime, articles like this help answer the question; "What the hell are these guys waiting for?"
10-25-2017 Intel Guru Frank26 IMO...OUR DAYS TOGETHER IN THE MR [Monetary Reform] STUDY ARE BUT FEW. HOW DOES ONE INTRODUCE A CESSATION? [...in Hawaii... to introduce a Cessation...would one not say..."Aloha"?] In this Cessation...We say all three of Aloha's meanings...I Love You and...Greetings as we say...Goodbye.
10-25-2017 Intel Guru RayRen98 Who would have thought we would still be on this side of the public release of the RV? We are in it to win it, however long it takes. In terms of expectations, there seem to be a few issues with the banks that are being resolved, and they now expect some things to pop out later this week. In Iraq, the Kurds are standing down on the referendum issue, conceding and looking back at Article 140. More than likely that will be acceptable to them. As for Abadi, he made a statement that Iraq is ready to take a leading role in the region and in the world. For most, that implies a change in the currency. Economists are also talking about an upcoming change in the value. In the US, the banks are now saying, “Dinar? We’ll deal with it”, rather than the previous position of not touching it with a ten-foot pole. We’re halfway through the week, and we still patiently await what happens.
10-25-2017 Newshound Guru Adam Montana Important note regarding OPEC: This organization doesn't have any direct say in where the CBI sets their auction/trading prices, nor do they have any direct impact on the HCL. HOWEVER... there are already OPEC members looking to wrap up the oil production limits, while others are posturing as if they want to extend it to the end of 2018 or longer. As you might suspect, the wealthier and more financially stable countries are in favor of extending and the little guys are hoping for a quick end to it. Iraq is basically the silent little person in the corner, watching and biding their comments. If they do something before November 7, it will change the "World Oil Outlook". If they don't, then I think the outcome of the upcoming OPEC meeting will give us some serious clues as to what will happen next. Hopefully the OPEC thoughts are some good food for thought, and with any other (better) luck, hopefully we won't even have time to ponder it too long before an HCL sneaks up on us. [post 2 of 2]
10-25-2017 Newshound Guru Adam Montana There is a current agreement amongst a majority of OPEC participating countries designed to control the oil market in the supposed interest of keeping the global economy. I'm not presenting a specific conspiracy theory on that thought, I'm just saying "supposed" because there's always some kind of backdoor deal or subterfuge going on with anything related to politicians! That's also not to say that the current OPEC agreement is a bad thing. I feel like it was a good move on many levels, but let's move on. The current OPEC agreement - and keep in mind, this is a sort of informal, kind of semi-official, non-binding-to-Iraq, completely-beneficial-to-Iraq - yes, that OPEC agreement continues to run a course very attractive to Iraq's interests. Bottom line - Iraq's still sitting pretty in it's ability to potentially skirt the current production limitations and they wouldn't even feel the need to apologize for getting a nice break. Important date regarding the OPEC agreement: November 7, Vienna Austria. [post 1 of 2....stay tuned]
10-25-2017 Intel Guru Frank26 Article: "A new project to provide electronic payment services to local banks" Quote: "...while confirming the company portal of Iraq Electronic Financial Services, it is certified according to international standards and instructions of the Central Bank of Iraq, and sets the best global financial practices" ...logic says that the banks of Iraq are not just connected to the American banks but they are now connected to every bank on this planet earth!!! AMAZING!!!...LOL...guess what's next!!!
10-25-2017 Intel Guru Bruce In Iraq Prime Minister Abadi had made an announcement on Sunday or Saturday...The language in it was very positive about economic reforms moving forward....The idea of the restoration of Iraq. The belief was that it was what was needed to be said by Prime Minister Abadi to move Iraq forward and release everything in terms of the blessing. Everything we have heard is very positive where we are right now with all the currencies coming together, and with all countries coming to together in agreement. With the timing of this coming very close... I can just tell you we really thought we were there even last night. Things happened that didn’t allow it. Those things have been handled and it is moving forward. We are in a great place...
10-25-2017 Guest Guru BobTheTaxMan Cash in up front only what you need. Remember, when you cash in your dinar you’ve created a taxable event. So only cash in what you need. So what do you need? Well you have debts you’re going to want to pay off…you’re going to have certain expenses…Legal and accounting expenses that are going to be coming up in the future. Some plans that are going to require some money…so all of those things need to be taken care of. Only cash in enough to take care of that to meet your immediate needs. Next, get your house taken care of. Pay off your mortgage…your cars. All the debts you have hanging on your shoulders, pay them off. Is there going to be a taxable event? Of course there is obviously and you’re going to calculate whatever your taxes are…this is where you also have a conversation with your tax professional. Because when it comes to fruition they ARE going to listen to you. Because money always talks…so take care of those things first.
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-25-2017 Intel/Newshound Guru payray Article Quote: "Iraq and Saudi Arabia are two major economic powers in the world to acquire the wealth of the two sides, which require a large volume of work that requires the efforts of the private sector in both countries and the region, as well as the evolving global effort to invest in wealth in a way that changes the shape of the economies of the region for the better." In other words they are saying, "There is money to be made guys... Lets get to it."...
10-25-2017 Newshound Guru mike Article: "Abadi defends role of Iranian-backed paramiltaries at meeting with Tillerson" Quote: "In his opening remarks at the meeting with Tillerson, Abadi said Popular Mobilisation "is part of the Iraqi institutions," rejecting accusations that it is acting as an Iranian proxy." These articles are the reality of Iraq right now, it ain't pretty but it's the facts. Abadi's reluctance to remove the Iranians from Iraq is a huge indicator for who's really in control of Iraq. Tillerson told them to go and Abadi told him to go pound sand. This article is an illustration for why we're still sitting here waiting for Iraq to move towards an open market economy, it's because they do what Iran tells them to do, not the US or EU. Hopefully Iran will allow the Iraqi people to move towards an open market economy and things will change for the dinar, but in the meantime, articles like this help answer the question; "What the hell are these guys waiting for?"
10-24-2017 Newshound Guru G-Lin Article: "A new project to provide electronic payment services to local banks" "Coordinating Council" Quotes: "while confirming the company portal of Iraq Electronic Financial Services, it is certified according to international standards and instructions of the Central Bank of Iraq, and sets the best global financial practices between De Iraqi citizen to facilitate his life and work for the benefit of financial institutions and bodies of the national economy." "Iraq and Saudi Arabia are two major economic powers in the world to acquire the wealth of the two sides..." These are exciting arts. This is occuring now not in the future.
10-24-2017 Intel Guru RayRen98 [Do you think Abadi is waiting a bit to help his chances with the election in April? I wonder if the RV will come in then just before the election to help him?] ...if Abadi wants to influence the voters, he should be doing the RV right now so that the citizens can be enjoying the benefits.
10-24-2017 Intel/Newshound Guru payray Article: "The largest US banks .. Praises the performance of Iraqi banks" [Corresponding banks are the key to this moving forward. The USA banks have linked themselves with Iraqi banks so when the time comes for a reality rate EVERYONE is on the same page.] BINGO!...And this process continues to move forward, and closer to that time...
10-24-2017 Newshound/Intel Guru Mnt Goat Article: "MP NIAZI MIRAMAR OGLU CALLED ON FRIDAY TO PASS THE LEGISLATION OF THE OIL AND GAS LAW" ...we get yet more confirmation that HCL and Article 140 is not completed and was actually the reason for the Kurdistan referendum in the first place. Iraq will not have peace and not have justice in distribution of their wealth until this issue is resolved and the proper legislation is passed in parliament. As Mnt Goat told everyone the referendum will soon cause the final draft of HCL to be brought before parliament for passage. Is this technically needed prior to the RV? NO - of course not, but we are not talking technically. Instead we are talking about political stability and this last round of nonsense over Kirkuk oil should convince everyone of this. Do we need this for the RV for STABILITY reasons? I am told a BIG Fat YES!
10-24-2017 Intel Guru RayRen98 No matter what the dinar rate comes out at, there is more to come, whether for a few hours, days or weeks. Whatever it comes out at, it may go up but certainly won’t go down. This is a country’s currency, and the rate will stay at that level at least for a while.
10-24-2017 Guest Guru BobTheTaxMan …Don’t tell anybody you have it [the dinar]. I don’t know about you but I’ve read all these horror stories of these people who have won these lotteries and what happens? They have family and dear friends come out of the woodwork with all these wonderful ideas or pleading for help or whatever and they ended up losing this money. The other thing is most of those who receive it have no idea what to do with it. Which is why I’ve been encouraging you to once it does come to fruition to go get help. Go to attorneys. Go to CPAs. These are the people who can give you professional guidance in what to do. They’ll keep you out of trouble. But you don’t have to tell everyone that you’ve got it. Don’t tell your neighbors. Don’t brag…cause wow, you’re just opening the door for termites to come in and destroy your home. Don’t do it. Just hang onto it and do what you are going to do with it.
10-24-2017 Intel/Newshound Guru payray Article: "Saudi airlines to resume flights to Iraq on Monday" This is exciting stuff... And again, Saudi Arabia have better things to do than to waste time investing in an unstable nation... Which is why they are all in with Iraq as far as economic cooperation between the two nations... Iraq is stable, and they are willing to fly their jets into this country to prove it...
10-24-2017 Newshound/Intel Guru Mnt Goat I will tell you again the Iraqi dinar is the ONLY sure currency to have any real potential for a very soon SIGNIFICANT revaluation of any kind. The kind of value change that could make you a millionaire.
10-24-2017 Intel Guru RayRen98 [Do you think Abadi is waiting a bit to help his chances with the election in April? I wonder if the RV will come in then just before the election to help him?] ...if Abadi wants to influence the voters, he should be doing the RV right now so that the citizens can be enjoying the benefits.
10-24-2017 Intel/Newshound Guru payray Article: "The largest US banks .. Praises the performance of Iraqi banks" [Corresponding banks are the key to this moving forward. The USA banks have linked themselves with Iraqi banks so when the time comes for a reality rate EVERYONE is on the same page.] BINGO!...And this process continues to move forward, and closer to that time...
10-24-2017 Newshound/Intel Guru Mnt Goat Article: "MP NIAZI MIRAMAR OGLU CALLED ON FRIDAY TO PASS THE LEGISLATION OF THE OIL AND GAS LAW" ...we get yet more confirmation that HCL and Article 140 is not completed and was actually the reason for the Kurdistan referendum in the first place. Iraq will not have peace and not have justice in distribution of their wealth until this issue is resolved and the proper legislation is passed in parliament. As Mnt Goat told everyone the referendum will soon cause the final draft of HCL to be brought before parliament for passage. Is this technically needed prior to the RV? NO - of course not, but we are not talking technically. Instead we are talking about political stability and this last round of nonsense over Kirkuk oil should convince everyone of this. Do we need this for the RV for STABILITY reasons? I am told a BIG Fat YES!
10-24-2017 Intel Guru RayRen98 No matter what the dinar rate comes out at, there is more to come, whether for a few hours, days or weeks. Whatever it comes out at, it may go up but certainly won’t go down. This is a country’s currency, and the rate will stay at that level at least for a while.
10-24-2017 Guest Guru BobTheTaxMan …Don’t tell anybody you have it [the dinar]. I don’t know about you but I’ve read all these horror stories of these people who have won these lotteries and what happens? They have family and dear friends come out of the woodwork with all these wonderful ideas or pleading for help or whatever and they ended up losing this money. The other thing is most of those who receive it have no idea what to do with it. Which is why I’ve been encouraging you to once it does come to fruition to go get help. Go to attorneys. Go to CPAs. These are the people who can give you professional guidance in what to do. They’ll keep you out of trouble. But you don’t have to tell everyone that you’ve got it. Don’t tell your neighbors. Don’t brag…cause wow, you’re just opening the door for termites to come in and destroy your home. Don’t do it. Just hang onto it and do what you are going to do with it.
10-24-2017 Intel/Newshound Guru payray Article: "Saudi airlines to resume flights to Iraq on Monday" This is exciting stuff... And again, Saudi Arabia have better things to do than to waste time investing in an unstable nation... Which is why they are all in with Iraq as far as economic cooperation between the two nations... Iraq is stable, and they are willing to fly their jets into this country to prove it...
10-24-2017 Newshound/Intel Guru Mnt Goat I will tell you again the Iraqi dinar is the ONLY sure currency to have any real potential for a very soon SIGNIFICANT revaluation of any kind. The kind of value change that could make you a millionaire.
10-23-2017 Intel Guru Frank26 Article: "US Secretary of State arrives in Baghdad to meet infallible and devout" Quote: "US Secretary of State Rex Tillerson arrived in Baghdad and will meet in Baghdad with Iraqi President Fuad Masum and Prime Minister Haider Abadi..." SOMETHINGS UP!!!...OF COURSE...IMO...
10-23-2017 Intel Guru RayRen98 Iraqi citizens were asked to come in to the banks to confirm their data, but we don’t really know if that has any bearing… but I would think it does, as it has to do with being paid. Abadi was also on television talking about the 140, which is a political priority. We don’t really know what will have an effect on the public release. Now they are saying the processes are complete to advance the system, but no one has made an announcement yet. Secretary of State Tillerson has just touched down in Iraq for an unscheduled visit… wonder what that is for. Based on where we should be with the information – it could happen this evening, this week, this month, or even a couple of months. It seems very likely to happen this week, if not this evening. [post 2 of 2]
10-23-2017 Intel Guru RayRen98 They did do the celebration in Iraq on Saturday, and PM Abadi did make a speech before he left town, but it was not the speech we anticipated. We are still wondering what comes next. Let’s look at information for this week. CBI Governor al-Allak was on Iraqi television on Sunday asking other countries to link their banks with the CBI. I think I reported some-thing like that in the past, and maybe they are now playing catch-up. Also, it is reported that troops are on standby, ready to knock out those last two provinces. They did say that they are looking for full liberation in the coming days. There could be some strategy involved if they don’t want to wrap this up too soon. I can see that if they are using this as a tool to line these events up with other changes I anticipate. [post 1 of 2....stay tuned]
10-23-2017 Newshound/Intel Guru Mnt Goat ...we will probably not even see the rate on the global exchanges at this time. This DOES NOT mean an in-country only RV has happened. What it does mean is the rate is not yet showing up on the exchanges. Some side trading will be occurring. We will not yet be able to exchange our currency and the rates will not yet be live. Now having said all this let me tell you why they are rolling it out this way. Once this initial 2-3 week period is over, they will roll the rate out to the global exchanges world-wide and away it goes...and the market now drives the rate. Now they can’t stop the process. The important part now is to remember since they did a reinstatement they can also now do a re-valuation. This re-valuation is based only on what they feel the market can absorb which is determined by what happens during this initial couple weeks. So they can now set the rate to $3.41 or $3.71 or $4.00+ or whatever. [post 3 of 3]
10-23-2017 Newshound/Intel Guru Mnt Goat What will be this initial rate? I have given you many reports on this throughout the years...and solid evidence of why I believe the rate will come out at just under or around 1:1 with the US dollar. ...I believe with almost certainty now this will be very close to the initial rate. ...years ago, I reviewed the entire process...how this is set to be rolled out. I want to review this again since we are getting very close to the event. The CBI with the IMF permission will roll out the initial rate. Then they must wait and adjust for inflation. Basically, these first few weeks they are going to strictly monitor the economic and financial impacts. They are looking for certain trends during this time period. They could literally stop the process at any time during this period. [post 2 of 3....stay tuned]
10-23-2017 Newshound/Intel Guru Mnt Goat I have to tell everyone that twice a month the treasury department runs some software that regenerates rates across the board for all global currencies. They do this to monitor the rates and to ensure there is equity and proper valuations. The IMF is mostly responsible for monitoring the results and their analyst get the reports. So how reliable are these rates on the bank screens? For our sake and this RV the rates have steadied over the last couple years since the inception of the new valuation system in 2013. Yes – the Iraqi dinar rate has been seen as high as $4.25 over this period but that only tells us a projected rate base on certain factors, then in motion. So what we can expect will be driven by the market place once the initial launch of a re-instatement rate is applied. [post 1 of 3....stay tuned]
10-23-2017 Newshound Guru Don961 Article: "Parliamentary Finance intends to activate the amendment of the scale of salaries of employees and equal in all ministries" Quote: "the salary after the adjustment will be calculated wages of housing allowances and wages of electricity and water and inflation in the markets and the exchange rate of dinar and purchasing power to ensure a salary is sufficient to ensure all the requirements of middle life." Calculating the new wage scale...taking into consideration...the exchange rate of the dinar...and its purchasing power...calculating...what could that elusive rate be?
10-23-2017 Newshound Guru MilitiaMan Article quote: "Awaji Press learned from her sources that Prime Minister Dr. Haider Abadi is leaving Amman to Baghdad now" Nothing like putting the final touches on to an Iraq Marshal Plan..
10-23-2017 Intel Guru Dr. Clarke OCTOBER. P.S. OCTOBER.
10-23-2017 Intel Guru RayRen98 Iraqi citizens were asked to come in to the banks to confirm their data, but we don’t really know if that has any bearing… but I would think it does, as it has to do with being paid. Abadi was also on television talking about the 140, which is a political priority. We don’t really know what will have an effect on the public release. Now they are saying the processes are complete to advance the system, but no one has made an announcement yet. Secretary of State Tillerson has just touched down in Iraq for an unscheduled visit… wonder what that is for. Based on where we should be with the information – it could happen this evening, this week, this month, or even a couple of months. It seems very likely to happen this week, if not this evening. [post 2 of 2]
10-23-2017 Intel Guru RayRen98 They did do the celebration in Iraq on Saturday, and PM Abadi did make a speech before he left town, but it was not the speech we anticipated. We are still wondering what comes next. Let’s look at information for this week. CBI Governor al-Allak was on Iraqi television on Sunday asking other countries to link their banks with the CBI. I think I reported some-thing like that in the past, and maybe they are now playing catch-up. Also, it is reported that troops are on standby, ready to knock out those last two provinces. They did say that they are looking for full liberation in the coming days. There could be some strategy involved if they don’t want to wrap this up too soon. I can see that if they are using this as a tool to line these events up with other changes I anticipate. [post 1 of 2....stay tuned]
10-23-2017 Newshound/Intel Guru Mnt Goat ...we will probably not even see the rate on the global exchanges at this time. This DOES NOT mean an in-country only RV has happened. What it does mean is the rate is not yet showing up on the exchanges. Some side trading will be occurring. We will not yet be able to exchange our currency and the rates will not yet be live. Now having said all this let me tell you why they are rolling it out this way. Once this initial 2-3 week period is over, they will roll the rate out to the global exchanges world-wide and away it goes...and the market now drives the rate. Now they can’t stop the process. The important part now is to remember since they did a reinstatement they can also now do a re-valuation. This re-valuation is based only on what they feel the market can absorb which is determined by what happens during this initial couple weeks. So they can now set the rate to $3.41 or $3.71 or $4.00+ or whatever. [post 3 of 3]
10-23-2017 Newshound/Intel Guru Mnt Goat What will be this initial rate? I have given you many reports on this throughout the years...and solid evidence of why I believe the rate will come out at just under or around 1:1 with the US dollar. ...I believe with almost certainty now this will be very close to the initial rate. ...years ago, I reviewed the entire process...how this is set to be rolled out. I want to review this again since we are getting very close to the event. The CBI with the IMF permission will roll out the initial rate. Then they must wait and adjust for inflation. Basically, these first few weeks they are going to strictly monitor the economic and financial impacts. They are looking for certain trends during this time period. They could literally stop the process at any time during this period. [post 2 of 3....stay tuned]
10-23-2017 Newshound/Intel Guru Mnt Goat I have to tell everyone that twice a month the treasury department runs some software that regenerates rates across the board for all global currencies. They do this to monitor the rates and to ensure there is equity and proper valuations. The IMF is mostly responsible for monitoring the results and their analyst get the reports. So how reliable are these rates on the bank screens? For our sake and this RV the rates have steadied over the last couple years since the inception of the new valuation system in 2013. Yes – the Iraqi dinar rate has been seen as high as $4.25 over this period but that only tells us a projected rate base on certain factors, then in motion. So what we can expect will be driven by the market place once the initial launch of a re-instatement rate is applied. [post 1 of 3....stay tuned]
10-23-2017 Newshound Guru Don961 Article: "Parliamentary Finance intends to activate the amendment of the scale of salaries of employees and equal in all ministries" Quote: "the salary after the adjustment will be calculated wages of housing allowances and wages of electricity and water and inflation in the markets and the exchange rate of dinar and purchasing power to ensure a salary is sufficient to ensure all the requirements of middle life." Calculating the new wage scale...taking into consideration...the exchange rate of the dinar...and its purchasing power...calculating...what could that elusive rate be?
10-23-2017 Newshound Guru MilitiaMan Article quote: "Awaji Press learned from her sources that Prime Minister Dr. Haider Abadi is leaving Amman to Baghdad now" Nothing like putting the final touches on to an Iraq Marshal Plan..
10-23-2017 Intel Guru Dr. Clarke OCTOBER. P.S. OCTOBER.
10-22-2017 Intel/Newshound Guru payray [...when is the next national election due? Surely Abadi will want to RV well before then because it will swing in his favour for re-election if the country has had its economic power cranked up? It just makes sense to me that he wants to do it during his tenure.] Next April I believe... You bet he does...
10-22-2017 Intel/Newshound Guru payray ...Some forget that Abadi was a part of Maliki's government.. I believe he was the finance minister... Think he may have had his hand in the cookie jar a few times, and knew about others who did as well?... More than likely one of the main reasons why Maliki has not been arrested is due to the fact that he has the good's on many who are within the government now.... The Iraqi's are being watched like hawks this time... There will be no more do overs... This is it, and the time is now...
10-22-2017 Newshound/Intel Guru Mnt Goat ...Iraq is very quickly heading to financial freedom and the launching of the lower denominations. Some heard from Allag, that the currencies restrictions have been taken off the dinar. This is not true as Allaq did say in the coming period this would be done. So we wait in anticipation for more progress in this direction. We know we must see a new rate close to 1:1 with the US dollar and together or very close the launching of these new notes. We have witnessed just alone in the past year extensive efforts to the remaining 3 zero notes off out of circulation. It was not until they implemented the electronic banking practices and the POS hardware in the marketplace, that this is now possible. Will they RV tomorrow? Who knows! - However, I fully believe we are in a very good window of time between the coming days and the beginning of January 2018.
10-22-2017 Newshound Guru Don961 [New Guru] Article: "Names of government delegation accompanying Abadi to Saudi Arabia" Quote: "Prime Minister Haider al-Abbadi visited the head of a large government delegation to the Kingdom of Saudi Arabia and during the meeting it was agreed to form a joint council between the two countries concerned with security and economic affairs." ...seems like Abadi took his whole Cabinet with him! ... and some high-level advisers ... people who actually get things done in the GOI ... as compared to Parliament ... US-SOS Tillerson as well ...thinking there is far more involved here than just a feel-good visit to the neighbor ... imo.
10-22-2017 Newshound/Intel Guru Mnt Goat ...there is no reason to compare the Iraqi dinar to the Kuwait dinar experience. The is no reason why the Iraqi dinar may not rise very quickly once they unplug it from the financial sanctions and restrictions and place it back on the open market. If it gets out of hand, the IMF will simply step in and regulate it. But when they do, this it will be with the old 3 zero notes combined with the newer lower denominations. Both will coincide for up to 10 years, as the CBI has told us. The dinar is planned to be pegged at his time to an SDR basket (five leading global currencies). ...the value is not now artificially low, as it...went into hyper-inflation due to the sanctions and embargo of 1991. The dinar has been valued at exactly the rate it deserves. But having said all this - there are the recent Abadi reforms, the growing of the economy and the political stability and the security that has changed Iraq for the good and so it is time to change the value and progress to a new rate. [post 3 of 3]
10-22-2017 Newshound/Intel Guru Mnt Goat Next, once the newer 3 zero notes replaced the old Saddam notes, they had to slow down and stabilize the economy somehow. How did they do this? They did this by issuing the news notes along with instituting the a “de facto” peg of these notes to the US dollar. This was pegged to the US dollar only and not the British pound. The CBI and IMF have told us this countless times already in articles and news. Next, this “de facto” peg is not a float and is not even close to a float the IMF has talked about putting the Iraqi dinar on, once they move the currency out of sanction restrictions (which I believe they are now doing) and back to “full” international status. I don’t care to get fussy in what specifically they will call the float they will use but it will be a “fixed float” in that the market will determine the value based on supply and demand for the currency. In other words, they will fix an initial value and let the market drive it. [post 2 of 3....stay tuned]
10-22-2017 Intel/Newshound Guru payray ...Some forget that Abadi was a part of Maliki's government.. I believe he was the finance minister... Think he may have had his hand in the cookie jar a few times, and knew about others who did as well?... More than likely one of the main reasons why Maliki has not been arrested is due to the fact that he has the good's on many who are within the government now.... The Iraqi's are being watched like hawks this time... There will be no more do overs... This is it, and the time is now...
10-22-2017 Newshound/Intel Guru Mnt Goat ...Iraq is very quickly heading to financial freedom and the launching of the lower denominations. Some heard from Allag, that the currencies restrictions have been taken off the dinar. This is not true as Allaq did say in the coming period this would be done. So we wait in anticipation for more progress in this direction. We know we must see a new rate close to 1:1 with the US dollar and together or very close the launching of these new notes. We have witnessed just alone in the past year extensive efforts to the remaining 3 zero notes off out of circulation. It was not until they implemented the electronic banking practices and the POS hardware in the marketplace, that this is now possible. Will they RV tomorrow? Who knows! - However, I fully believe we are in a very good window of time between the coming days and the beginning of January 2018.
10-22-2017 Newshound Guru Don961 [New Guru] Article: "Names of government delegation accompanying Abadi to Saudi Arabia" Quote: "Prime Minister Haider al-Abbadi visited the head of a large government delegation to the Kingdom of Saudi Arabia and during the meeting it was agreed to form a joint council between the two countries concerned with security and economic affairs." ...seems like Abadi took his whole Cabinet with him! ... and some high-level advisers ... people who actually get things done in the GOI ... as compared to Parliament ... US-SOS Tillerson as well ...thinking there is far more involved here than just a feel-good visit to the neighbor ... imo.
10-22-2017 Newshound/Intel Guru Mnt Goat ...there is no reason to compare the Iraqi dinar to the Kuwait dinar experience. The is no reason why the Iraqi dinar may not rise very quickly once they unplug it from the financial sanctions and restrictions and place it back on the open market. If it gets out of hand, the IMF will simply step in and regulate it. But when they do, this it will be with the old 3 zero notes combined with the newer lower denominations. Both will coincide for up to 10 years, as the CBI has told us. The dinar is planned to be pegged at his time to an SDR basket (five leading global currencies). ...the value is not now artificially low, as it...went into hyper-inflation due to the sanctions and embargo of 1991. The dinar has been valued at exactly the rate it deserves. But having said all this - there are the recent Abadi reforms, the growing of the economy and the political stability and the security that has changed Iraq for the good and so it is time to change the value and progress to a new rate. [post 3 of 3]
10-22-2017 Newshound/Intel Guru Mnt Goat Next, once the newer 3 zero notes replaced the old Saddam notes, they had to slow down and stabilize the economy somehow. How did they do this? They did this by issuing the news notes along with instituting the a “de facto” peg of these notes to the US dollar. This was pegged to the US dollar only and not the British pound. The CBI and IMF have told us this countless times already in articles and news. Next, this “de facto” peg is not a float and is not even close to a float the IMF has talked about putting the Iraqi dinar on, once they move the currency out of sanction restrictions (which I believe they are now doing) and back to “full” international status. I don’t care to get fussy in what specifically they will call the float they will use but it will be a “fixed float” in that the market will determine the value based on supply and demand for the currency. In other words, they will fix an initial value and let the market drive it. [post 2 of 3....stay tuned]
10-21-2017 Newshound/Intel Guru Mnt Goat ...let me clarify yet more misunderstandings being passed around. Within the 10 years of the Iraqi embargo prior to the 2003 war with Iraq, the Saddam Hussein currency went into hyper- inflation. This was an intentional stifling of the economy, while pressure was exerted while complying with UN resolutions for the inspection program for weapons of mass destruction. Essentially the economy of Iraq fell apart. Remember the oil for food program. Why in hell do you think they had that program? Contrary to many of the beliefs by the dinar investment community, the rate as this time was not even close to the infamous $3.22 rate, everyone talks about and uses to justify this investment. So let me dispel this rumor. [post 1 of 3....stay tuned]
10-21-2017 Intel Guru Frank26 Tell me ...What is Faster than The Speed of Light? IMO, The Iraqi RI ...(smile) [...I'm smiling... and I'm patient... it's coming soon to a bank near U.S.] IMO... In my Soul...Yes...For they have no choice. This MR path is not of their making...It was Instructed to them to Follow and Accomplish. Their once Baby Steps are now well Balanced in the Direction they are...Running to.
10-21-2017 Intel/Newshound Guru payray Article: "KOGAZ invests $ 372 million in Iraqi oil fields" All of the turmoil, and upheaval going on in Iraq is certainly affecting investors decisions to do business with them... NOT...
10-21-2017 Newshound Guru MilitiaMan Article: "US Treasury: We pay attention to the development of the private banking sector in Iraq" Quote: "The US Treasury announced on Friday that it is paying great attention to the development of the private banking sector in Iraq, indicating that it is optimistic about the opening of relations between Iraqi banks and US banks." ...this is a grand slam! Connectivity to the UST.. "on set 1" Already started...
10-21-2017 Intel Guru RayRen98 Celebrations are anticipated for Iraq on Saturday, platforms and bleachers have been constructed and strategically placed and an extremely large Iraqi flag has been mounted. The Prime Minister's speech is accordingly scheduled as preparations are being completed. Iraqi TV is showing military mobilization to retake the last two provinces held by Daesh along with officials speaking of being congratulated for their efforts of economic reforms. They talked of many countries and /or businesses getting involved to help them rebuild the country. Some US banks are anticipating exchanging everyone starting next week...they are seeing a higher Dinar rate on the screen. Time Will Tell!
10-21-2017 Guest Guru BobTheTaxMan There are all kinds of places to go to see if there has been a change in the value of the dinar. Don’t listen to people who are saying, “It’s happened! It’s happened! And they’re exchanging it overseas. And we’re only allowed so many people to do it!” No. That’s all a lie…The CBI is not going to give preferential treatment to anybody. They can’t. They simply can’t…Check the CBI. Check x currency. That’s how you’re going to know that it’s come to fruition. Don’t listen to the rumor, check it out for yourself. [See the official CBI dinar rate in the Dinar Guru Resource Bar on the left of this page...]
10-21-2017 Newshound Guru G-Lin Article: "Saudi diplomat: The next stage will witness huge work with Iraq" Quote: "The Saudi Royal Airplane arrived yesterday evening in Baghdad with a large Saudi delegation, the largest after a 27-year break between the two countries, to participate more actively in the Baghdad International Fair in its 44th session, which begins on Saturday." This is really a big deal. It shows how much more progressive Abadi is versus Maliki. Saudi is about 85-95% Sunni. Maliki hates Saudi. It wouldn't surprise me to see an invitation to the GCC extended to Iraq in the near future.
10-21-2017 Newshound Guru Adam Montana [According to news outlets, Kurdish forces didn't put up a fight for Kirkuk. It's reasonable to assume that the Kurds didn't put up a fight because Kirkuk is not within Kurdish Region of Iraq and also because, in the past, Abadi said that the Iraqi government would eventually come back for Kirkuk.] I believe the issue of "Kurdish Independence" has been successfully put to rest for the time being. The Kurds are certainly not in a position to successfully separate from Iraq, so they may as well open the doors to resolving Article 140 and the HCL, which is exactly what we are seeing.
10-21-2017 Intel Guru Frank26 Tell me ...What is Faster than The Speed of Light? IMO, The Iraqi RI ...(smile) [...I'm smiling... and I'm patient... it's coming soon to a bank near U.S.] IMO... In my Soul...Yes...For they have no choice. This MR path is not of their making...It was Instructed to them to Follow and Accomplish. Their once Baby Steps are now well Balanced in the Direction they are...Running to.
10-21-2017 Intel/Newshound Guru payray Article: "KOGAZ invests $ 372 million in Iraqi oil fields" All of the turmoil, and upheaval going on in Iraq is certainly affecting investors decisions to do business with them... NOT...
10-21-2017 Newshound Guru MilitiaMan Article: "US Treasury: We pay attention to the development of the private banking sector in Iraq" Quote: "The US Treasury announced on Friday that it is paying great attention to the development of the private banking sector in Iraq, indicating that it is optimistic about the opening of relations between Iraqi banks and US banks." ...this is a grand slam! Connectivity to the UST.. "on set 1" Already started...
10-21-2017 Intel Guru RayRen98 Celebrations are anticipated for Iraq on Saturday, platforms and bleachers have been constructed and strategically placed and an extremely large Iraqi flag has been mounted. The Prime Minister's speech is accordingly scheduled as preparations are being completed. Iraqi TV is showing military mobilization to retake the last two provinces held by Daesh along with officials speaking of being congratulated for their efforts of economic reforms. They talked of many countries and /or businesses getting involved to help them rebuild the country. Some US banks are anticipating exchanging everyone starting next week...they are seeing a higher Dinar rate on the screen. Time Will Tell!
10-21-2017 Guest Guru BobTheTaxMan There are all kinds of places to go to see if there has been a change in the value of the dinar. Don’t listen to people who are saying, “It’s happened! It’s happened! And they’re exchanging it overseas. And we’re only allowed so many people to do it!” No. That’s all a lie…The CBI is not going to give preferential treatment to anybody. They can’t. They simply can’t…Check the CBI. Check x currency. That’s how you’re going to know that it’s come to fruition. Don’t listen to the rumor, check it out for yourself. [See the official CBI dinar rate in the Dinar Guru Resource Bar on the left of this page...]
10-21-2017 Newshound Guru G-Lin Article: "Saudi diplomat: The next stage will witness huge work with Iraq" Quote: "The Saudi Royal Airplane arrived yesterday evening in Baghdad with a large Saudi delegation, the largest after a 27-year break between the two countries, to participate more actively in the Baghdad International Fair in its 44th session, which begins on Saturday." This is really a big deal. It shows how much more progressive Abadi is versus Maliki. Saudi is about 85-95% Sunni. Maliki hates Saudi. It wouldn't surprise me to see an invitation to the GCC extended to Iraq in the near future.
10-21-2017 Newshound Guru Adam Montana [According to news outlets, Kurdish forces didn't put up a fight for Kirkuk. It's reasonable to assume that the Kurds didn't put up a fight because Kirkuk is not within Kurdish Region of Iraq and also because, in the past, Abadi said that the Iraqi government would eventually come back for Kirkuk.] I believe the issue of "Kurdish Independence" has been successfully put to rest for the time being. The Kurds are certainly not in a position to successfully separate from Iraq, so they may as well open the doors to resolving Article 140 and the HCL, which is exactly what we are seeing.
10-20-2017 Intel Guru Frank26 Article: "Tillerson to Attend First Meeting Between Saudi Arabia, Iraq" About a week ago...We said TILLERSON would arrive in Iraq. His role is crucial right now IMO.
10-20-2017 Newshound Guru MilitiaMan Article: "Trump's envoy welcomes the constitutional dialogue between Baghdad and Erbil" This is as good as it gets and the timing is huge. Dotting the I's and crossing the T's, imo.. All the while they activate MRs internationally. On going meetings with Global think tanks, an massive delegation arriving in Iraq from Saudi, the King of Saudi calling Abadi, etc.. Gloves are off it is time for the next round and it won't be 1184, imo..
10-20-2017 Newshound Guru G-Lin Article quote: "The hosting of the UN Security Council by the Governor of the Central Bank of Iraq, Professor Ali Mohsen Al-Alak, can be described in a special session as an important and unprecedented step in the history of the international organization" "The governor's explanation played a major role in drawing a clear picture of the role of the central bank in maintaining the value of the Iraqi dinar against foreign currencies and maintaining a reserve of hard currency, estimated at 48 billion dollars..." That is a very important art. IMO. First it tells us a true reserve amount. And it is going to preserve the value of the national currency. ...this is the first meeting of this kind in it's history. You think something is up?
10-20-2017 Newshound/Intel Guru Mnt Goat Article: "GOVERNOR OF THE CENTRAL BANK OF IRAQ, ALI AL-ALAQ, MET WITH MEMBERS OF THE UN SECURITY COUNCIL" ...they invited him for a talk while he was in the USA. Seems he is tying up a lot of loose ends while in the USA. Why all these meetings? Why is he so active all of a sudden? Is he trying to get the UN convinced that “SECURITY” is not longer an issue for Iraq? Can he be hoping they go along with a plan to reinstate the currency soon now that the security issue is resolved?
10-20-2017 Intel/Newshound Guru payray Article: "Baghdad International Fair: Iraq Further Integrates Into the Global Economy" Enthusiasm abounds about the potential that lies with investing in Iraq... Now all we need is to integrate their currency into the world's system with a true value, and we will have a recipe for success...
10-20-2017 Intel Guru Bruce The CBI was congratulated by the IMF and by our US Treasury about implementing their new economic reforms which would include their new rate. When would that happen and activate that? I am hearing tomorrow [Friday] night in Iraqi time or...sometime Saturday morning in Iraq. We need for that announcement in Iraq to take place and the new rate for the Iraqi dinar to be out, essentially announced and implemented. Also we need that economic reform package to be activated. I wish I could give you a date and time. I am not able to do that. I would just tell you that we are coming down to it...it is positively rolling in the right direction. I hope we have a great weekend. [post 2 of 2]
10-20-2017 Intel Guru Bruce We had meetings that ended...both in Washington and New York. The results of the meetings were that...the IMF and the US Treasury both congratulated Iraq on the fact that they are getting ready to implement their new economic reforms. Implement and activate are two different things. Implement means we congratulate them in putting themselves in the position to activate. We had the new Governor of the Central Bank of Iraq...that was here in New York yesterday, and had some meetings at the United Nations. We were waiting for an announcement to be made from Prime Minister Abadi in Iraq...if it hasn’t already been made and would be made in the next day or so. [post 1 of 2....stay tuned]
10-20-2017 Newshound Guru G-Lin Article: "An Iraqi banking delegation discusses in the United States opportunities for cooperation between the two parties" ...it has been a good news week. The meetings in N.Y and Ali sitting down with the U.N. was historic. A first. Iraq is a very important country to the entire world. That tells us a lot.
10-20-2017 Newshound Guru Kaperoni Article: "Iraq announces the electronic gate near the completion of the infrastructure and the launch of commercial services building" Quote: "The scope of its work, issuing prepaid cards through the global payment companies, owning and deployment of payment points and ATM network as well as providing various services to banks and facilitate the payment of bills and collection process." I hate to say it but this seems like a work a round (using prepaid cards) from the goal of opening the banking system to the worlds financial system. Time will tell.
10-20-2017 Newshound Guru Adam Montana Article: "Oil stabilizes with support from supply contraction and expectations of an OPEC extension" Quote: "Oil prices held steady on Thursday, supported by continued OPEC-led output cuts and tensions in the Middle East, as well as a drop in US production due to hurricane closures." Semantics are everything sometimes... such as here. "supported" - not demanded or mandated. "OPEC-led" - This is HUGE. OPEC is leading this initiative, this agreement, this voluntary agreement. Iraq is still free to break the mold, RV and sell a gazillion barrels tomorrow to fill their coffers and support the increase in exchange. It's going to cause a little disturbance in the world, but 2 days later Iraq (or the PTB in Iraq) simply pretends to apologize (that's how it works!) and 5 days later the world adjusts and we move on.
10-20-2017 Newshound Guru MilitiaMan Article: "Trump's envoy welcomes the constitutional dialogue between Baghdad and Erbil" This is as good as it gets and the timing is huge. Dotting the I's and crossing the T's, imo.. All the while they activate MRs internationally. On going meetings with Global think tanks, an massive delegation arriving in Iraq from Saudi, the King of Saudi calling Abadi, etc.. Gloves are off it is time for the next round and it won't be 1184, imo..
10-20-2017 Newshound Guru G-Lin Article quote: "The hosting of the UN Security Council by the Governor of the Central Bank of Iraq, Professor Ali Mohsen Al-Alak, can be described in a special session as an important and unprecedented step in the history of the international organization" "The governor's explanation played a major role in drawing a clear picture of the role of the central bank in maintaining the value of the Iraqi dinar against foreign currencies and maintaining a reserve of hard currency, estimated at 48 billion dollars..." That is a very important art. IMO. First it tells us a true reserve amount. And it is going to preserve the value of the national currency. ...this is the first meeting of this kind in it's history. You think something is up?
10-20-2017 Newshound/Intel Guru Mnt Goat Article: "GOVERNOR OF THE CENTRAL BANK OF IRAQ, ALI AL-ALAQ, MET WITH MEMBERS OF THE UN SECURITY COUNCIL" ...they invited him for a talk while he was in the USA. Seems he is tying up a lot of loose ends while in the USA. Why all these meetings? Why is he so active all of a sudden? Is he trying to get the UN convinced that “SECURITY” is not longer an issue for Iraq? Can he be hoping they go along with a plan to reinstate the currency soon now that the security issue is resolved?
10-20-2017 Intel/Newshound Guru payray Article: "Baghdad International Fair: Iraq Further Integrates Into the Global Economy" Enthusiasm abounds about the potential that lies with investing in Iraq... Now all we need is to integrate their currency into the world's system with a true value, and we will have a recipe for success...
10-20-2017 Intel Guru Bruce The CBI was congratulated by the IMF and by our US Treasury about implementing their new economic reforms which would include their new rate. When would that happen and activate that? I am hearing tomorrow [Friday] night in Iraqi time or...sometime Saturday morning in Iraq. We need for that announcement in Iraq to take place and the new rate for the Iraqi dinar to be out, essentially announced and implemented. Also we need that economic reform package to be activated. I wish I could give you a date and time. I am not able to do that. I would just tell you that we are coming down to it...it is positively rolling in the right direction. I hope we have a great weekend. [post 2 of 2]
10-20-2017 Intel Guru Bruce We had meetings that ended...both in Washington and New York. The results of the meetings were that...the IMF and the US Treasury both congratulated Iraq on the fact that they are getting ready to implement their new economic reforms. Implement and activate are two different things. Implement means we congratulate them in putting themselves in the position to activate. We had the new Governor of the Central Bank of Iraq...that was here in New York yesterday, and had some meetings at the United Nations. We were waiting for an announcement to be made from Prime Minister Abadi in Iraq...if it hasn’t already been made and would be made in the next day or so. [post 1 of 2....stay tuned]
10-20-2017 Newshound Guru G-Lin Article: "An Iraqi banking delegation discusses in the United States opportunities for cooperation between the two parties" ...it has been a good news week. The meetings in N.Y and Ali sitting down with the U.N. was historic. A first. Iraq is a very important country to the entire world. That tells us a lot.
10-20-2017 Newshound Guru Kaperoni Article: "Iraq announces the electronic gate near the completion of the infrastructure and the launch of commercial services building" Quote: "The scope of its work, issuing prepaid cards through the global payment companies, owning and deployment of payment points and ATM network as well as providing various services to banks and facilitate the payment of bills and collection process." I hate to say it but this seems like a work a round (using prepaid cards) from the goal of opening the banking system to the worlds financial system. Time will tell.
10-20-2017 Newshound Guru Adam Montana Article: "Oil stabilizes with support from supply contraction and expectations of an OPEC extension" Quote: "Oil prices held steady on Thursday, supported by continued OPEC-led output cuts and tensions in the Middle East, as well as a drop in US production due to hurricane closures." Semantics are everything sometimes... such as here. "supported" - not demanded or mandated. "OPEC-led" - This is HUGE. OPEC is leading this initiative, this agreement, this voluntary agreement. Iraq is still free to break the mold, RV and sell a gazillion barrels tomorrow to fill their coffers and support the increase in exchange. It's going to cause a little disturbance in the world, but 2 days later Iraq (or the PTB in Iraq) simply pretends to apologize (that's how it works!) and 5 days later the world adjusts and we move on.
10-19-2017 Intel/Newshound Guru payray Article: "Nusseiri: The UN Security Council praises the actions of the Central Bank in supporting and implementing the program of economic and financial reform" BOOM... BOOM...BOOM... BOOM...BOOM...The drumbeat is getting louder, and louder... We are almost there folks...
10-19-2017 Newshound/Intel Guru Mnt Goat 2. Once we are seeing the prime minister telling us that ISIS fighting will be done and out of Iraq by the end of the year. I believe they are syncing up a timeframe once again for the end of the year; 3. We wait for the re-education articles from the CBI and the Financial Ministry to come to us. I believe these may begin very soon, if in fact I am correct in my new timeframe. This will be our confirmation of this theory. Again nobody knows for sure and nobody will know. [post 2 of 2]
10-19-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Iraqi government’s expectation is that by the end of this year the Islamic State will be defeated and all Iraqi territory will be back under government control." So once again we are beginning to see a target arise that is showing us maybe EARLY 2018 for a reinstatement of the IQD. I have showed you other evidence too...so I am not just giving you my arbitrary “opinion” but showing you proof along the way as to why I am saying this. 1. In the other 4 targeted attempts to RV they targeted EARLY in the year to do it. In fact afterwards they told us it was for January of that year. [post 1 of 2....stay tuned]
10-19-2017 Intel Guru Frank26 [Trump said he thinks they have the votes for the tax reform now. Isn't that ironic with the timing of everything that has happened with Iraq in the last 5 days?] ...IMO the Stock Surge witnessed yesterday can only continue IF T's TAX CODE is passed...Cause politicians have dinars IMO...!!!
10-19-2017 Newshound Guru Kaperoni Articles: "US banks, is considering working with Iraqi banks mechanism" "Iraqi bank delegation discusses cooperation opportunities in America" I can’t state this enough, there is no overnight RV or any kind of cash out through banks. If these articles show us anything, it shows us that banks by nature take a conservative approach to dealing with Iraq. If and when Iraq is in compliance with the IMF and meets Article VIII, then I would expect a few US banks to begin to participate with Iraq for investment purposes. As that grows and the CBI demonstrates it can meet the needs and requirements, investment will increase opening the flood gates to investors. But this does not happen fast. As for us as investors, I have stated before, I believe we are just "watchers". We will see the dinar begin to rise via float when appropriate. As for of cash out or exchanges would probably be through some type of currency broker/ ECN, market maker or investment firm. The problem is this all falls on Iraq to get moving. Without the new CBI law, deposit insurance law, Article VIII, etc. nothing happens.
10-19-2017 Newshound/Intel Guru Mnt Goat The good...news in Allaq’s speech was totally overlooked and that is news of a plan for resolving all differences with Kuwait and we know he meant the final resolution of the $4 billion owed in war reparations. This will get them totally out of Chapter VII and this is needed prior to any RV.
10-19-2017 Newshound/Intel Guru BGG Article: "Iraq Will Remain United By HAIDER al-ABADI OCT. 18, 2017" Quote: "In June 2014, the cover of Time magazine echoed a sentiment common among pundits and outsiders: “The End of Iraq,” it read. I am proud to say that three years later, thanks to the Iraqi armed forces and the Iraqi people, these predictions were wrong…" What is Abadi up to?? Why submit this to the NYT today?? Of all the times to be concerned with what the world thinks. It appears there may be much more riding on this than we can imagine.
10-19-2017 Guest Guru BobTheTaxMan My invitation to you is relax, ok…you bought your ticket, relax. It’s going to come to fruition at some time. You have your investment, so relax…When this thing comes to fruition you will know cause the whole world is going to know. It had huge amount of exposure several years ago. I mean even on national news everyone was buying their dinar, ok. You’ll hear it. It will go through the communities like crazy. Another part of it is, when you tie yourself in to these groups that are saying, “With our 800 number you’ll be able to…”, You don’t need those. those are not necessary. They are not important. I wouldn’t even bother with them. So don’t worry about attaching yourself to anything like that. So just relax. You have an investment. It has a great potential and it’s a minimal amount of investment. Relax.
10-19-2017 Intel Guru RayRen98 [...we are hearing it has happened, or is about to happen… not that we can believe anything from Maliki’s news sources.] Yes, they have been claiming that ‘fake news’ is being put out in Iraq. But Abadi did speak... They said, “In the coming days it will be done”, and here is Abadi saying the same thing. And I don’t know exactly when the RV will pop, but it’s clearly getting done based on what’s being done. Of course it’s frustrating to wait, but if this had come out a year or two ago, we all might have made some major mistakes.
10-19-2017 Newshound/Intel Guru Mnt Goat Allaq was in the USA at a World Banking Conference in Washington DC last week... If you truly listen to the speech ...you would see that he was introduced as the governor of the CBI, as has been done many times already in many other past meetings with the IMF, UN, World Bank, etc... So why was he not then the “official“ governor since his introduction was exactly the same? Saturday’s introduction does not mean he is now “officially” appointed the governor the CBI. We have absolutely no other confirmation that this has officially been done, and when he is appointed, if he gets appointed, you will not have to guess at it, since it will be international news and widely known. I rechecked with my CBI contact in Iraq and Allaq is still a proxy governor.
10-19-2017 Newshound Guru Adam Montana Article: "Haider al-Abadi Is Succeeding At The World’s Hardest Job!" I said it in 2013, and I will continue to say it: Abadi is the best man we could possibly hope for to lead Iraq forward. Elections will be coming up in 1Q 2018, which is not too far away... but if the election process will have any impact on an RV-push, we have to be prepared to ride this out a little longer. If Abadi does have a secret weapon in his stash to tip the Iraqi Dinar into a revalue situation, he could certainly use it at any time between now and April. I don't see a significant benefit to waiting TOO long, in fact it would be better to use that tool sooner rather than later. There will be some major changes across the board after the currency jumps, and it might be in Abadi's favor to have a month or two to settle everything down before he begins campaigning for re-election based on an incredibly successful 4 years.
10-19-2017 Intel/Newshound Guru payray Article: "The participation of a huge Saudi Arabia in Baghdad International Fair" Quote: "...during the period from 21 to 30 current month of October by 60 companies from various industrial and service sectors." The Saudi's are certainly chomping at the bit to benefit from Iraq's potential... The need for the Iraqi economy to have a currency that is international in order to ensure that the Saudi's exports will be afforded, and bought within Iraq is essential... Certainly would be nice if that added value would occur before the beginning of this 9 day fair...
10-19-2017 Newshound/Intel Guru Mnt Goat 2. Once we are seeing the prime minister telling us that ISIS fighting will be done and out of Iraq by the end of the year. I believe they are syncing up a timeframe once again for the end of the year; 3. We wait for the re-education articles from the CBI and the Financial Ministry to come to us. I believe these may begin very soon, if in fact I am correct in my new timeframe. This will be our confirmation of this theory. Again nobody knows for sure and nobody will know. [post 2 of 2]
10-19-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Iraqi government’s expectation is that by the end of this year the Islamic State will be defeated and all Iraqi territory will be back under government control." So once again we are beginning to see a target arise that is showing us maybe EARLY 2018 for a reinstatement of the IQD. I have showed you other evidence too...so I am not just giving you my arbitrary “opinion” but showing you proof along the way as to why I am saying this. 1. In the other 4 targeted attempts to RV they targeted EARLY in the year to do it. In fact afterwards they told us it was for January of that year. [post 1 of 2....stay tuned]
10-19-2017 Intel Guru Frank26 [Trump said he thinks they have the votes for the tax reform now. Isn't that ironic with the timing of everything that has happened with Iraq in the last 5 days?] ...IMO the Stock Surge witnessed yesterday can only continue IF T's TAX CODE is passed...Cause politicians have dinars IMO...!!!
10-19-2017 Newshound Guru Kaperoni Articles: "US banks, is considering working with Iraqi banks mechanism" "Iraqi bank delegation discusses cooperation opportunities in America" I can’t state this enough, there is no overnight RV or any kind of cash out through banks. If these articles show us anything, it shows us that banks by nature take a conservative approach to dealing with Iraq. If and when Iraq is in compliance with the IMF and meets Article VIII, then I would expect a few US banks to begin to participate with Iraq for investment purposes. As that grows and the CBI demonstrates it can meet the needs and requirements, investment will increase opening the flood gates to investors. But this does not happen fast. As for us as investors, I have stated before, I believe we are just "watchers". We will see the dinar begin to rise via float when appropriate. As for of cash out or exchanges would probably be through some type of currency broker/ ECN, market maker or investment firm. The problem is this all falls on Iraq to get moving. Without the new CBI law, deposit insurance law, Article VIII, etc. nothing happens.
10-19-2017 Newshound/Intel Guru Mnt Goat The good...news in Allaq’s speech was totally overlooked and that is news of a plan for resolving all differences with Kuwait and we know he meant the final resolution of the $4 billion owed in war reparations. This will get them totally out of Chapter VII and this is needed prior to any RV.
10-19-2017 Newshound/Intel Guru BGG Article: "Iraq Will Remain United By HAIDER al-ABADI OCT. 18, 2017" Quote: "In June 2014, the cover of Time magazine echoed a sentiment common among pundits and outsiders: “The End of Iraq,” it read. I am proud to say that three years later, thanks to the Iraqi armed forces and the Iraqi people, these predictions were wrong…" What is Abadi up to?? Why submit this to the NYT today?? Of all the times to be concerned with what the world thinks. It appears there may be much more riding on this than we can imagine.
10-19-2017 Guest Guru BobTheTaxMan My invitation to you is relax, ok…you bought your ticket, relax. It’s going to come to fruition at some time. You have your investment, so relax…When this thing comes to fruition you will know cause the whole world is going to know. It had huge amount of exposure several years ago. I mean even on national news everyone was buying their dinar, ok. You’ll hear it. It will go through the communities like crazy. Another part of it is, when you tie yourself in to these groups that are saying, “With our 800 number you’ll be able to…”, You don’t need those. those are not necessary. They are not important. I wouldn’t even bother with them. So don’t worry about attaching yourself to anything like that. So just relax. You have an investment. It has a great potential and it’s a minimal amount of investment. Relax.
10-19-2017 Intel Guru RayRen98 [...we are hearing it has happened, or is about to happen… not that we can believe anything from Maliki’s news sources.] Yes, they have been claiming that ‘fake news’ is being put out in Iraq. But Abadi did speak... They said, “In the coming days it will be done”, and here is Abadi saying the same thing. And I don’t know exactly when the RV will pop, but it’s clearly getting done based on what’s being done. Of course it’s frustrating to wait, but if this had come out a year or two ago, we all might have made some major mistakes.
10-19-2017 Newshound/Intel Guru Mnt Goat Allaq was in the USA at a World Banking Conference in Washington DC last week... If you truly listen to the speech ...you would see that he was introduced as the governor of the CBI, as has been done many times already in many other past meetings with the IMF, UN, World Bank, etc... So why was he not then the “official“ governor since his introduction was exactly the same? Saturday’s introduction does not mean he is now “officially” appointed the governor the CBI. We have absolutely no other confirmation that this has officially been done, and when he is appointed, if he gets appointed, you will not have to guess at it, since it will be international news and widely known. I rechecked with my CBI contact in Iraq and Allaq is still a proxy governor.
10-19-2017 Newshound Guru Adam Montana Article: "Haider al-Abadi Is Succeeding At The World’s Hardest Job!" I said it in 2013, and I will continue to say it: Abadi is the best man we could possibly hope for to lead Iraq forward. Elections will be coming up in 1Q 2018, which is not too far away... but if the election process will have any impact on an RV-push, we have to be prepared to ride this out a little longer. If Abadi does have a secret weapon in his stash to tip the Iraqi Dinar into a revalue situation, he could certainly use it at any time between now and April. I don't see a significant benefit to waiting TOO long, in fact it would be better to use that tool sooner rather than later. There will be some major changes across the board after the currency jumps, and it might be in Abadi's favor to have a month or two to settle everything down before he begins campaigning for re-election based on an incredibly successful 4 years.
10-19-2017 Intel/Newshound Guru payray Article: "The participation of a huge Saudi Arabia in Baghdad International Fair" Quote: "...during the period from 21 to 30 current month of October by 60 companies from various industrial and service sectors." The Saudi's are certainly chomping at the bit to benefit from Iraq's potential... The need for the Iraqi economy to have a currency that is international in order to ensure that the Saudi's exports will be afforded, and bought within Iraq is essential... Certainly would be nice if that added value would occur before the beginning of this 9 day fair...
10-18-2017 Intel Guru RayRen98 Now we are anticipating a speech and possibly a big announcement from Abadi this Saturday. They are talking about the full liberation of Iraq, and the Kurdish Parliament is calling on Barzani to resign! In the US banking community they seem to be anticipating weekend activity, with something substantial taking place for the bulk of us. Not looking for any explosive activity or information until maybe the wee hours of Friday night. We may hear something that can let us know how to be excited about the weekend or the early part of next week. Anything comes out or happens before then it will be a nice surprise. [post 2 of 2]
10-18-2017 Intel Guru RayRen98 Things are looking good even in the midst of controversy. On Saturday or Sunday, a video from the CBI Governor al-Allak saying they have eliminated the restrictions, and the next message said they are going to do so, so people were wondering “what’s the deal?” Did you or ARE you? I’m still investigating that. Based in information from the auctions, it indicates they have not done that yet, but then on Iraqi television, there was Abadi saying ‘death to Kurdish referendum’, which we already knew. He also spoke about Kirkuk and Article 40, plus reference to the back pay which has already taken place. Then Abadi said that all restrictions on currency are being removed. [post 1 of 2....stay tuned]
10-18-2017 Intel Guru Bruce Where is the dinar now? It is on preloaded debit card. One is a global debit card for duo citizens, and the other one is issued inside Iraq. Both cards are through Chase bank. We know people who have these cards. We had a solid rate that they have seen on their cards. Then today the cards went blank. There was no rate showing that lasted one hour and 13 minutes. Then a new rate popped up. The new rate was a solid rate, no flashing, no dashes and that rate was almost $4.00 higher than the previous rate that was there the last 6 days.
10-18-2017 Newshound Guru G-Lin Article: "Deputy publishes the text of the agreement of Hadi al-Amiri and Pavel Talabani on the disputed areas" Quote: "...the text of the agreement between the leader of the Popular Rally Hadi al-Amiri and leader of the Patriotic Union of Kurdistan Pavel Talabani on the disputed areas and the elimination of the idea of independence..." I really don't know what all was promised by Iraq to Kurdistan but what a drastic change in the last 72 hours or so. It seems Kirkuk issues are worked out and Iraq is flying their flag and Kurds are o.k. with it. Heck last week the Kurds had about 10,000 troops in Kirkuk ready to fight to the death. Today they are all holding hands singing Kumbaya in a flower filled valley. Sure makes me think 140 and HCL may have been settled. I have never seen so many arts. talking about unity for Iraq. That equates to security and stability IMO. Now they need to...open their country up to the wealth and prestige the people so desperately deserve. Oh and us too.
10-18-2017 Newshound Guru Adam Montana Article: "ISIS SURRENDERS IN IRAQ" ...you'll get the impression that Syria is kicking some ISIS butt. And that impression is correct! I still feel like ISIS is no longer a critical matter for the progression of Iraq's economy and global standing...
10-18-2017 Newshound Guru Enorrste ...KAP [Guru Kaperoni] has found the actual reference that clears up this matter. ...in some odd way, Allak was telling the truth. ...however...this appears to be duplicitous and gives a false impression. KAP is right: Iraq is not yet ready. Much needs to be done. I would be surprised under the current circumstances if they began the float on January 1, 2018. However, strange things come from this country, so I will hold a glimmer of hope. Saleh has said numerous times that the change to a float should take place at the beginning of a new year. [reference Guru Kaperoni post, part 1 and 2, 10-18-2017]
10-18-2017 Intel Guru Jester I WILL TELL YOU THIS... IT IS GOING TO GET WORSE BEFORE IT GETS BETTER... WE ARE WARNED THAT THERE WILL BE DELIBERATE MISINFORMATION FROM MANY PLACES INCLUDING THE MEDIA... SO KEEP YOUR STUFF TOGETHER AND STAY CALM... I HAVEN'T MESSED YOU UP YET... SO AT LEAST YOU KNOW IT IS COMING...
10-18-2017 Newshound Guru Adam Montana Parliament is active right now. They are addressing a myriad of topics, passing and approving items, getting stuff done... but we are all wondering "What about HCL and Article 140?", right? This is to be expected, in my opinion. Those two subjects are "catalyst items", and once they go through, there's no putting that toothpaste back in the tube! In fact, once they are even brought up in a serious manner, that is the start of an avalanche that won't be stopped. As we all know, avalanches start with something as small as a single pebble... so don't let the waiting get you down. Once this baby starts sliding, it's going to happen fast.
10-18-2017 Intel Guru Frank26 Article: "Media leaks: Barzani will resign in a speech today" Quote: "According to media leaks, Barzani will resign from office and will transfer all his powers to the Prime Minister." B will resign ...(Wednesday)...He pushed it too hard...
10-18-2017 Intel Guru Bruce On Saturday Alak became officially the new Governor of the Central Bank of Iraq, the CBI. It was at that time Saturday that he did do an announcement to talk about the Iraqi dinar being an international currency again and the fact his words were there are no longer any restrictions to the Iraqi dinar for exchange internationally. That is so huge. There is one more announcement we expect...made by Abadi in Iraq, and it suppose to happen after morning prayer. That is usually around 7am local time in Baghdad...That is close to when Abadi final announcement which I am understanding will be the final nail in the coffin supposed to be made. We are right where we need to be. ...we are pretty much at the end of the ride.
10-18-2017 Newshound Guru Kaperoni 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 one exchange restriction and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3." They need to payoff Jordan and get the spread within 2%. The problem is the spread is going in the wrong direction. Today, it is about 9%. The gurus are jumping all over this as if to say Iraq is in compliance and currency reform could begin anytime. Wrong! They may not disclose the time they begin currency reform, but if they want international banking (freedom of movement of capital) to perpetuate the influx of investment capital they have lots of work to do. And we can chart that progress. [post 2 of 2]
10-18-2017 Newshound Guru Kaperoni Article: "Governor of the Central Bank heads to America to attend meetings of the International Monetary Fund and the World Bank" This visit with Allaq is nothing more than a "duckies and bunnies" show. Those listening to him at the event might believe what he is saying, but those of us who follow and read all the news, reports, etc know the CBI has a lot of work to do if they want international banking (CBI law, deposit insurance, IMF Article VIII compliance, etc.) Technically, Allaq is correct that he has no restrictions...but that is under Article XIV... [post 1 of 2....stay tuned]
10-18-2017 Intel/Newshound Guru payray [...it looks like we are in another prime window for RV time, shall we say until the end of the month at least?] If not this week, or within the week... There is a reason why all of this has come together as it has in such a short period of time... It was a part of the plan... As dramatic as it has been...
10-18-2017 Newshound Guru Walkingstick [I am also happy with the announcement that recently came directly from Alak about restrictions being removed...] I can, say this...it was not a message to all, as...a whole...But, a message to particular entities...Delivered, in a calculated time frame...months, after the fact...For, very good reason/s...If, events continue as they have...we will, hear...much more from the CBI Gov...shortly.
10-18-2017 Intel Guru RayRen98 Things are looking good even in the midst of controversy. On Saturday or Sunday, a video from the CBI Governor al-Allak saying they have eliminated the restrictions, and the next message said they are going to do so, so people were wondering “what’s the deal?” Did you or ARE you? I’m still investigating that. Based in information from the auctions, it indicates they have not done that yet, but then on Iraqi television, there was Abadi saying ‘death to Kurdish referendum’, which we already knew. He also spoke about Kirkuk and Article 40, plus reference to the back pay which has already taken place. Then Abadi said that all restrictions on currency are being removed. [post 1 of 2....stay tuned]
10-18-2017 Intel Guru Bruce Where is the dinar now? It is on preloaded debit card. One is a global debit card for duo citizens, and the other one is issued inside Iraq. Both cards are through Chase bank. We know people who have these cards. We had a solid rate that they have seen on their cards. Then today the cards went blank. There was no rate showing that lasted one hour and 13 minutes. Then a new rate popped up. The new rate was a solid rate, no flashing, no dashes and that rate was almost $4.00 higher than the previous rate that was there the last 6 days.
10-18-2017 Newshound Guru G-Lin Article: "Deputy publishes the text of the agreement of Hadi al-Amiri and Pavel Talabani on the disputed areas" Quote: "...the text of the agreement between the leader of the Popular Rally Hadi al-Amiri and leader of the Patriotic Union of Kurdistan Pavel Talabani on the disputed areas and the elimination of the idea of independence..." I really don't know what all was promised by Iraq to Kurdistan but what a drastic change in the last 72 hours or so. It seems Kirkuk issues are worked out and Iraq is flying their flag and Kurds are o.k. with it. Heck last week the Kurds had about 10,000 troops in Kirkuk ready to fight to the death. Today they are all holding hands singing Kumbaya in a flower filled valley. Sure makes me think 140 and HCL may have been settled. I have never seen so many arts. talking about unity for Iraq. That equates to security and stability IMO. Now they need to...open their country up to the wealth and prestige the people so desperately deserve. Oh and us too.
10-18-2017 Newshound Guru Adam Montana Article: "ISIS SURRENDERS IN IRAQ" ...you'll get the impression that Syria is kicking some ISIS butt. And that impression is correct! I still feel like ISIS is no longer a critical matter for the progression of Iraq's economy and global standing...
10-18-2017 Newshound Guru Enorrste ...KAP [Guru Kaperoni] has found the actual reference that clears up this matter. ...in some odd way, Allak was telling the truth. ...however...this appears to be duplicitous and gives a false impression. KAP is right: Iraq is not yet ready. Much needs to be done. I would be surprised under the current circumstances if they began the float on January 1, 2018. However, strange things come from this country, so I will hold a glimmer of hope. Saleh has said numerous times that the change to a float should take place at the beginning of a new year. [reference Guru Kaperoni post, part 1 and 2, 10-18-2017]
10-18-2017 Intel Guru Jester I WILL TELL YOU THIS... IT IS GOING TO GET WORSE BEFORE IT GETS BETTER... WE ARE WARNED THAT THERE WILL BE DELIBERATE MISINFORMATION FROM MANY PLACES INCLUDING THE MEDIA... SO KEEP YOUR STUFF TOGETHER AND STAY CALM... I HAVEN'T MESSED YOU UP YET... SO AT LEAST YOU KNOW IT IS COMING...
10-18-2017 Newshound Guru Adam Montana Parliament is active right now. They are addressing a myriad of topics, passing and approving items, getting stuff done... but we are all wondering "What about HCL and Article 140?", right? This is to be expected, in my opinion. Those two subjects are "catalyst items", and once they go through, there's no putting that toothpaste back in the tube! In fact, once they are even brought up in a serious manner, that is the start of an avalanche that won't be stopped. As we all know, avalanches start with something as small as a single pebble... so don't let the waiting get you down. Once this baby starts sliding, it's going to happen fast.
10-18-2017 Intel Guru Frank26 Article: "Media leaks: Barzani will resign in a speech today" Quote: "According to media leaks, Barzani will resign from office and will transfer all his powers to the Prime Minister." B will resign ...(Wednesday)...He pushed it too hard...
10-18-2017 Intel Guru Bruce On Saturday Alak became officially the new Governor of the Central Bank of Iraq, the CBI. It was at that time Saturday that he did do an announcement to talk about the Iraqi dinar being an international currency again and the fact his words were there are no longer any restrictions to the Iraqi dinar for exchange internationally. That is so huge. There is one more announcement we expect...made by Abadi in Iraq, and it suppose to happen after morning prayer. That is usually around 7am local time in Baghdad...That is close to when Abadi final announcement which I am understanding will be the final nail in the coffin supposed to be made. We are right where we need to be. ...we are pretty much at the end of the ride.
10-18-2017 Newshound Guru Kaperoni 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 one exchange restriction and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3." They need to payoff Jordan and get the spread within 2%. The problem is the spread is going in the wrong direction. Today, it is about 9%. The gurus are jumping all over this as if to say Iraq is in compliance and currency reform could begin anytime. Wrong! They may not disclose the time they begin currency reform, but if they want international banking (freedom of movement of capital) to perpetuate the influx of investment capital they have lots of work to do. And we can chart that progress. [post 2 of 2]
10-18-2017 Newshound Guru Kaperoni Article: "Governor of the Central Bank heads to America to attend meetings of the International Monetary Fund and the World Bank" This visit with Allaq is nothing more than a "duckies and bunnies" show. Those listening to him at the event might believe what he is saying, but those of us who follow and read all the news, reports, etc know the CBI has a lot of work to do if they want international banking (CBI law, deposit insurance, IMF Article VIII compliance, etc.) Technically, Allaq is correct that he has no restrictions...but that is under Article XIV... [post 1 of 2....stay tuned]
10-18-2017 Intel/Newshound Guru payray [...it looks like we are in another prime window for RV time, shall we say until the end of the month at least?] If not this week, or within the week... There is a reason why all of this has come together as it has in such a short period of time... It was a part of the plan... As dramatic as it has been...
10-18-2017 Newshound Guru Walkingstick [I am also happy with the announcement that recently came directly from Alak about restrictions being removed...] I can, say this...it was not a message to all, as...a whole...But, a message to particular entities...Delivered, in a calculated time frame...months, after the fact...For, very good reason/s...If, events continue as they have...we will, hear...much more from the CBI Gov...shortly.
10-17-2017 Intel Guru Frank26 [If you can explain the difference between a program rate? As like Iraq in comparison to the the VND?] VND IS NOT A PR...VND IS GROWING...THEY HAVE MORE THAN ONE RESOURCE...THEY HAVE INVESTORS THEY HAVE A SOLID GOV AND CENTRAL BANK...IRAQ DOES NOT...ALTHOUGH GETTING THERE FAST!... HENCE A PR. [Why does the Dinar have to revalue? The dong hasn't revalued and the economy in Vietnam is much better than Iraq's...] BECAUSE THE DONG IS NOT AT A PR ( program rate)...LET IRAQ GO FROM A PR VIA ART 8 AND WATCH THE IQD RUN PAST THE DONG LIKE THE WIND.
10-17-2017 Intel Guru RayRen98 Iraqi news is reporting an interview with...the CBI Governer, Alaq referencing the meetings he attended indicating the intention to eliminate the restrictions on the exchange rate and the use of multi currencies resulting in Dinar use only. Woo Hoo!!!! This is said to be happening in the coming days. Mr. Alaq was publicly announced as the Governor of the CBI this past weekend, in print and on CNN. Peshmerga forces are retreating when Iraqi forces arrive, I see no signs of an actual civil war taking place. It is reported that all pays are now electronic and completed, the system is now ready to GO!!
10-17-2017 Intel Guru Frank26 [If the multiple currency practices and exchange restrictions have been removed, then why haven't we seen a rate change?? I thought that's what we were waiting for. What am I missing here?] Patience...To allow the lite fuse to hit the powder... [One question...do we still look for the speech from A?] YES.
10-17-2017 Intel/Newshound Guru payray Article quote: "the CBI has removed all exchange restrictions and multiple currency practices" [THIS IS MY NEW FAVORITE ARTICLE FOR THIS YEAR!] It is definitely up there in importance to what we desire to occur in the very near future... It has been a long journey for many of us... But a rewarding one in so many ways...
10-17-2017 Intel Guru RayRen98 [Do you think this will go into 2018?] I don’t think they can stretch it out that long. Now some people are saying Abadi will announce the full liberation of Iraq at the end of November, but there is no civil war or resistance, and on the other hand people in Iraq are being told to expect changes in their accounts pretty much now. I cannot see January unless something else crops up, so I am looking at this week or next. I think we’re pretty much there.
10-17-2017 Intel Guru Delta GOV OF THE CBI ...IS SAYING THAT CBI HAS REMOVED ALL EXCHANGE RESTRICTION AND MCP...WOW THAT'S IS HUGE!!! FROM IMF: FINAL ARTICLES "The Iraqi government will also remove restrictions on currency exchange. This will be an important part of encouraging investment in the country as it will signal that currency can be freely exchanged without government restrictions"
10-17-2017 Intel/Newshound Guru payray "H.E. Prime Minister Dr. Haider Al-Abadi statement to the Iraqi People" [I like the fact that he makes reference to the "National Wealth "...and it "belonging to the citizens", could he be referring to the Dinar they're hiding under their mattresses?] What else could it be... This increase in the dinar's value is going to set off an economic shock heard around the world, and all the way into our pocketbooks...
10-17-2017 Intel Guru Frank26 IMO...THE RI IS COMING...AND INTROS A FREE FLOAT...THEN FOR ABOUT 70 TO 80 DAYS LATER THEY WILL CAP WITH A CONTROLLED FLOAT OF THE RV... [RI to a free float, then to a cap where it will be managed. Once they reach the cap rate, do you think it will stay in that range or drop back down?] FIRST OF ALL...RI IS THE FREE FLOAT... NOT TO IT...TIME IS NOT REQUIRED FOR THAT PHASE...SECOND ...ONCE CAPPED AT PEAK OF RV IS BECAUSE THE IQD WILL...NEVER NEVER NEVER EVER GO DOWN ONCE AT RI / RV. [Is the RV the same as an international rate?] WELL...I SUPPOSE...FOR AN RV INTRODUCES THE IQD TO THE INTERN MARKETS THAT WANT TO GET THEIR HANDS ON IT TO USE IT IN TRADE ...BUYING AND SELLING WHICH WILL ROCKET THE VALUE OF THE IQD INTERNATIONALLY. [This is not meant to be a rate...What opinion do you...have that will be the high vs low for Iraq’s currency at his peak rate post RV?] IMO...RI 1 RV 4...
10-17-2017 Intel Guru RayRen98 Iraqi news is reporting an interview with...the CBI Governer, Alaq referencing the meetings he attended indicating the intention to eliminate the restrictions on the exchange rate and the use of multi currencies resulting in Dinar use only. Woo Hoo!!!! This is said to be happening in the coming days. Mr. Alaq was publicly announced as the Governor of the CBI this past weekend, in print and on CNN. Peshmerga forces are retreating when Iraqi forces arrive, I see no signs of an actual civil war taking place. It is reported that all pays are now electronic and completed, the system is now ready to GO!!
10-17-2017 Intel Guru Frank26 [If the multiple currency practices and exchange restrictions have been removed, then why haven't we seen a rate change?? I thought that's what we were waiting for. What am I missing here?] Patience...To allow the lite fuse to hit the powder... [One question...do we still look for the speech from A?] YES.
10-17-2017 Intel/Newshound Guru payray Article quote: "the CBI has removed all exchange restrictions and multiple currency practices" [THIS IS MY NEW FAVORITE ARTICLE FOR THIS YEAR!] It is definitely up there in importance to what we desire to occur in the very near future... It has been a long journey for many of us... But a rewarding one in so many ways...
10-17-2017 Intel Guru RayRen98 [Do you think this will go into 2018?] I don’t think they can stretch it out that long. Now some people are saying Abadi will announce the full liberation of Iraq at the end of November, but there is no civil war or resistance, and on the other hand people in Iraq are being told to expect changes in their accounts pretty much now. I cannot see January unless something else crops up, so I am looking at this week or next. I think we’re pretty much there.
10-17-2017 Intel Guru Delta GOV OF THE CBI ...IS SAYING THAT CBI HAS REMOVED ALL EXCHANGE RESTRICTION AND MCP...WOW THAT'S IS HUGE!!! FROM IMF: FINAL ARTICLES "The Iraqi government will also remove restrictions on currency exchange. This will be an important part of encouraging investment in the country as it will signal that currency can be freely exchanged without government restrictions"
10-17-2017 Intel/Newshound Guru payray "H.E. Prime Minister Dr. Haider Al-Abadi statement to the Iraqi People" [I like the fact that he makes reference to the "National Wealth "...and it "belonging to the citizens", could he be referring to the Dinar they're hiding under their mattresses?] What else could it be... This increase in the dinar's value is going to set off an economic shock heard around the world, and all the way into our pocketbooks...
10-17-2017 Intel Guru Frank26 IMO...THE RI IS COMING...AND INTROS A FREE FLOAT...THEN FOR ABOUT 70 TO 80 DAYS LATER THEY WILL CAP WITH A CONTROLLED FLOAT OF THE RV... [RI to a free float, then to a cap where it will be managed. Once they reach the cap rate, do you think it will stay in that range or drop back down?] FIRST OF ALL...RI IS THE FREE FLOAT... NOT TO IT...TIME IS NOT REQUIRED FOR THAT PHASE...SECOND ...ONCE CAPPED AT PEAK OF RV IS BECAUSE THE IQD WILL...NEVER NEVER NEVER EVER GO DOWN ONCE AT RI / RV. [Is the RV the same as an international rate?] WELL...I SUPPOSE...FOR AN RV INTRODUCES THE IQD TO THE INTERN MARKETS THAT WANT TO GET THEIR HANDS ON IT TO USE IT IN TRADE ...BUYING AND SELLING WHICH WILL ROCKET THE VALUE OF THE IQD INTERNATIONALLY. [This is not meant to be a rate...What opinion do you...have that will be the high vs low for Iraq’s currency at his peak rate post RV?] IMO...RI 1 RV 4...
10-16-2017 Newshound/Intel Guru Randy Koonce So learning from the mistake that Kuwait made, the CBI said the 'Float' will be 'Managed'... What does Managed mean?... if you look at the currency now and realize it has been this price for at least 10 years - that's a Managed Float! ... They control the rate.... they peg it off of the Dollar and the British Pound so that it will not move unless they want it to. Which is the reason they will need to RV the currency to get the rate they need...Are there any Laws that need to be passed before they let this go? NO! Everything is just waiting on Iraq to do this 'Thing'! Do not get discouraged! Just put on your big girl panties (or big boy, as the case may be) and let this happen. Be happy about the timing... We are close. Every large bank will exchange.. RELAX the RV is coming... Breathe,,, Check www.cbi.iq every day to see if it has changed. [You can also see the official CBI dinar rate to the left in the Dinar Guru resource bar.] [post 3 of 3]
10-16-2017 Newshound/Intel Guru Randy Koonce If someone tells you that it is a pipe dream, just remember: Iraq's Currency was 2.75 even with Sadam Hussien in charge. Also, it is a fact that the US promised to let them restore their currency, once the fighting was finished. And now, You say: "Ok! They quit fighting and US pulled out... leaving a void...and everything went to hell in a hand basket." Yes, you are correct. Obama did not want this to take place until Hillary lost the election... The only reason he did not pull the trigger on it sooner, was because Iraq wanted and needed a higher rate, and he didn't want to give it. Bottom line - It's all been politics!... Speaking of Rate: We understand that Iraq has been given option to choose their Rate with Trump. So, the Range is 2.00 to 3.71. The only way to know what it will be, is wait until it comes out... Some say .10 cents and float it up.... Well, Kuwait did that and for that very reason, this will not happen. Kuwait had a government that operated better than Iraq does even today... And when Kuwait floated their currency, it hurt the progress economically of Kuwait. It went too high too quickly, and then on the way down, it nearly crippled the country until it finally stabilized around 3.60. [post 2 of 3....stay tuned]
10-16-2017 Newshound/Intel Guru Randy Koonce ...Iraq needs a currency. That is a fact. But, before they could address the needed currency, they first needed to get their country to a position of feeling safe. Stability and Security. So, the US agreed, and has assisted Iraq on clearing ISIS out of Iraq... Did that mean they had to do that in order to RV? NO! This was the preference of what IRAQ wanted to do, prior to establishing an international, valuable currency. So, the US also wanted the defeat of ISIS to be complete. For that reason, the next 'Window' for watching for a change in their rate will start on Tuesday, October 17, of this week and go to the end of the month.. The greatest pressure for this to happen will be this week... Please understand: There is NO back door on the time frame for the RV to occur. The pressure is coming from the Void of any money in Iraq. They need to get commerce moving, and increasing the value of their money will make that happen. ...The RV will assist in furthering the whole Security and Stability issue. So the pressure is on. Why do I give a 'window' verses an exact time? Because i do not control this thing. If I did, it would have happened a LONG time ago!... [post 1 of 3....stay tuned]
10-16-2017 Intel Guru Jester [Do you think there will be any good windows/time frames for the reset to occur in 2017?] I AM STILL HOPEFUL FOR THIS YEAR... I AM TOLD THAT THERE ARE THINGS HAPPENING AND MOVING FORWARD IT IS JUST A LONG DRAWN OUT PROCESS AND IT IS TAKING TIME JUST LIKE WE ALWAYS PREDICTED...I WOULDN'T WORRY TOO MUCH OVER THE GLOOM AND DOOM IRAQ GUYS.... OR THOSE CALLING IT FOR WEDNESDAY.... BUT REST ASSURED THEY ARE WORKING ON IT AND THINGS ARE HAPPENING...
10-16-2017 Guest Guru BobTheTaxMan Let’s say it comes out at 10 cents. I’m not saying it’s going to…I’m not predicting this. If it came out at 10 cents what would you do? Give yourself the gift of writing that out…'My dinar would be worth this number amount of money if it came out at 10 cents'. What if it came out at 20 cents? What if it came out at 50 cents? What if it came out at $1.12? 'What would I do?' Always the unknown factor is, because it is the middle east and you never know what’s going to go on over there, how long do I hang on to it trusting that it’s going to increase in value? My invitation to you is to take a common sense approach to this… [Post 2 of 2]
10-16-2017 Intel Guru RayRen98 We sent out a weekend update about Allak and other dignitaries including the PM talking about full liberation of Iraq, with Da’esh surrendering in the two remaining provinces. Also Rafi Bank is focused on their international credit cards. Also, the Kurds seem to be making a new agreement that should be made clear on Wednesday. That was the weekend’s information, and today...“we are going at a steady pace, but getting there”. For all intents and purposes, Iraq is once more in control in the disagreement with Kurds. There was no fighting at Kirkuk, and the Iraqi government is back in charge of the country, borders, transport, etc. So nothing there will delay the release of the RV. Those in Kirkuk are celebrating the presence of Iraqi forces. The IMF meeting should conclude today, although members tell me yesterday was the last day of actual meetings on the schedule. There may be meetings that were not scheduled, and the outcome of those meetings will tell us whether to be very, very excited this week or next week.
10-16-2017 Guest Guru BobTheTaxMan Questions: “When do I know when to exchange? Where’s the rate going to be when I feel ok to do it?” Now we do know from all of our previous investigations that the CBI plans on/love to get back up to the $3 plus range somewhere in the near future. We don’t know when that is going to be or how that’s going to look. We don’t even know when it’s going to start. My invitation to you is, take a step back. Be realistic. You need to consider your age. You need to consider how much you have. You need to consider your planning for taxes. You need to consider your legacy. What is it you want to accomplish with this windfall when it comes your direction. You need to consider how’s that going to affect your family…[Post 1 of 2 Stay tuned]
10-16-2017 Newshound Guru chattels "Iraqi PM appoints an ARab governor for Kirkuk Haider al-Abadi, prime minister of Iraq has appointed an Arab politician named Rakan Saeed to replace Najmaldin Karim as the governor of Kirkuk." Abadi is doing what he has to do politically to survive by acting upon the pressure upon him from hardline Shia political actors in Baghdad... ...and we have a conflict and controversy over the right of a state to secede from a union. There has been controversy over the Kurdistani flag being flown in Kirkuk for some time. Flying the Iraqi flag by Abadi is symbolic of the will of Baghdad being enforced. Abadi flying the Iraqi flag has nothing to do with a truce. It is his way of declaring dominion and control. Mission accomplished according to him.
10-16-2017 Intel/Newshound Guru payray Article: "Iraqi Airways signs MoU with Saudi counterpart" Quote: "The Iraqi Civil Aviation Authority announced on Monday the signing of a memorandum of understanding with the Saudi side in the framework of joint cooperation between Iraq and the General Authority for Civil Aviation in the Kingdom of Saudi Arabia." And why bother doing this is Iraq is a wreck, and not worth investing time, and money in?...
10-16-2017 Newshound Guru chattels Article: "Iraqi Vice President Ayad Allawi warned on Monday there could be a “civil war” over the Kurdish-administered city of Kirkuk if talks over Kurdish independence are left unresolved." The US has no control and minimal influence upon the Shia Parliament in Baghdad. Which is why Barzani wanted ironclad commitments from Baghdad with international support and not more promises only from the US diplomatic corp. Barzani may be wrong, but he is not insane. He is not going to do the same thing and expect a different result. [I cannot help but feel the whole thing is orchestrated!] There is some belief that it is orchestrated, but...I do not believe that Iraq is risking civil war to orchestrate a liquidity event for us or disguise a revalue of their currency.
10-16-2017 Intel/Newshound Guru payray There is so much going on behind the scenes... The puppeteers are pulling the right strings in order to bring out a desired outcome... Watch, and see... Most who are involved in the orchestration do not know they are being used... Only the major players, and of course those behind the scenes... Everything is fine folks... Are they still having meetings, and Alak is going to Washington as THE Governor of the CBI... That is substantial IMHO... NO longer the "fill in", or intermediate... [post 2 of 2]
10-16-2017 Newshound/Intel Guru Randy Koonce If someone tells you that it is a pipe dream, just remember: Iraq's Currency was 2.75 even with Sadam Hussien in charge. Also, it is a fact that the US promised to let them restore their currency, once the fighting was finished. And now, You say: "Ok! They quit fighting and US pulled out... leaving a void...and everything went to hell in a hand basket." Yes, you are correct. Obama did not want this to take place until Hillary lost the election... The only reason he did not pull the trigger on it sooner, was because Iraq wanted and needed a higher rate, and he didn't want to give it. Bottom line - It's all been politics!... Speaking of Rate: We understand that Iraq has been given option to choose their Rate with Trump. So, the Range is 2.00 to 3.71. The only way to know what it will be, is wait until it comes out... Some say .10 cents and float it up.... Well, Kuwait did that and for that very reason, this will not happen. Kuwait had a government that operated better than Iraq does even today... And when Kuwait floated their currency, it hurt the progress economically of Kuwait. It went too high too quickly, and then on the way down, it nearly crippled the country until it finally stabilized around 3.60. [post 2 of 3....stay tuned]
10-16-2017 Newshound/Intel Guru Randy Koonce ...Iraq needs a currency. That is a fact. But, before they could address the needed currency, they first needed to get their country to a position of feeling safe. Stability and Security. So, the US agreed, and has assisted Iraq on clearing ISIS out of Iraq... Did that mean they had to do that in order to RV? NO! This was the preference of what IRAQ wanted to do, prior to establishing an international, valuable currency. So, the US also wanted the defeat of ISIS to be complete. For that reason, the next 'Window' for watching for a change in their rate will start on Tuesday, October 17, of this week and go to the end of the month.. The greatest pressure for this to happen will be this week... Please understand: There is NO back door on the time frame for the RV to occur. The pressure is coming from the Void of any money in Iraq. They need to get commerce moving, and increasing the value of their money will make that happen. ...The RV will assist in furthering the whole Security and Stability issue. So the pressure is on. Why do I give a 'window' verses an exact time? Because i do not control this thing. If I did, it would have happened a LONG time ago!... [post 1 of 3....stay tuned]
10-16-2017 Intel Guru Jester [Do you think there will be any good windows/time frames for the reset to occur in 2017?] I AM STILL HOPEFUL FOR THIS YEAR... I AM TOLD THAT THERE ARE THINGS HAPPENING AND MOVING FORWARD IT IS JUST A LONG DRAWN OUT PROCESS AND IT IS TAKING TIME JUST LIKE WE ALWAYS PREDICTED...I WOULDN'T WORRY TOO MUCH OVER THE GLOOM AND DOOM IRAQ GUYS.... OR THOSE CALLING IT FOR WEDNESDAY.... BUT REST ASSURED THEY ARE WORKING ON IT AND THINGS ARE HAPPENING...
10-16-2017 Guest Guru BobTheTaxMan Let’s say it comes out at 10 cents. I’m not saying it’s going to…I’m not predicting this. If it came out at 10 cents what would you do? Give yourself the gift of writing that out…'My dinar would be worth this number amount of money if it came out at 10 cents'. What if it came out at 20 cents? What if it came out at 50 cents? What if it came out at $1.12? 'What would I do?' Always the unknown factor is, because it is the middle east and you never know what’s going to go on over there, how long do I hang on to it trusting that it’s going to increase in value? My invitation to you is to take a common sense approach to this… [Post 2 of 2]
10-16-2017 Intel Guru RayRen98 We sent out a weekend update about Allak and other dignitaries including the PM talking about full liberation of Iraq, with Da’esh surrendering in the two remaining provinces. Also Rafi Bank is focused on their international credit cards. Also, the Kurds seem to be making a new agreement that should be made clear on Wednesday. That was the weekend’s information, and today...“we are going at a steady pace, but getting there”. For all intents and purposes, Iraq is once more in control in the disagreement with Kurds. There was no fighting at Kirkuk, and the Iraqi government is back in charge of the country, borders, transport, etc. So nothing there will delay the release of the RV. Those in Kirkuk are celebrating the presence of Iraqi forces. The IMF meeting should conclude today, although members tell me yesterday was the last day of actual meetings on the schedule. There may be meetings that were not scheduled, and the outcome of those meetings will tell us whether to be very, very excited this week or next week.
10-16-2017 Guest Guru BobTheTaxMan Questions: “When do I know when to exchange? Where’s the rate going to be when I feel ok to do it?” Now we do know from all of our previous investigations that the CBI plans on/love to get back up to the $3 plus range somewhere in the near future. We don’t know when that is going to be or how that’s going to look. We don’t even know when it’s going to start. My invitation to you is, take a step back. Be realistic. You need to consider your age. You need to consider how much you have. You need to consider your planning for taxes. You need to consider your legacy. What is it you want to accomplish with this windfall when it comes your direction. You need to consider how’s that going to affect your family…[Post 1 of 2 Stay tuned]
10-16-2017 Newshound Guru chattels "Iraqi PM appoints an ARab governor for Kirkuk Haider al-Abadi, prime minister of Iraq has appointed an Arab politician named Rakan Saeed to replace Najmaldin Karim as the governor of Kirkuk." Abadi is doing what he has to do politically to survive by acting upon the pressure upon him from hardline Shia political actors in Baghdad... ...and we have a conflict and controversy over the right of a state to secede from a union. There has been controversy over the Kurdistani flag being flown in Kirkuk for some time. Flying the Iraqi flag by Abadi is symbolic of the will of Baghdad being enforced. Abadi flying the Iraqi flag has nothing to do with a truce. It is his way of declaring dominion and control. Mission accomplished according to him.
10-16-2017 Intel/Newshound Guru payray Article: "Iraqi Airways signs MoU with Saudi counterpart" Quote: "The Iraqi Civil Aviation Authority announced on Monday the signing of a memorandum of understanding with the Saudi side in the framework of joint cooperation between Iraq and the General Authority for Civil Aviation in the Kingdom of Saudi Arabia." And why bother doing this is Iraq is a wreck, and not worth investing time, and money in?...
10-16-2017 Newshound Guru chattels Article: "Iraqi Vice President Ayad Allawi warned on Monday there could be a “civil war” over the Kurdish-administered city of Kirkuk if talks over Kurdish independence are left unresolved." The US has no control and minimal influence upon the Shia Parliament in Baghdad. Which is why Barzani wanted ironclad commitments from Baghdad with international support and not more promises only from the US diplomatic corp. Barzani may be wrong, but he is not insane. He is not going to do the same thing and expect a different result. [I cannot help but feel the whole thing is orchestrated!] There is some belief that it is orchestrated, but...I do not believe that Iraq is risking civil war to orchestrate a liquidity event for us or disguise a revalue of their currency.
10-16-2017 Intel/Newshound Guru payray There is so much going on behind the scenes... The puppeteers are pulling the right strings in order to bring out a desired outcome... Watch, and see... Most who are involved in the orchestration do not know they are being used... Only the major players, and of course those behind the scenes... Everything is fine folks... Are they still having meetings, and Alak is going to Washington as THE Governor of the CBI... That is substantial IMHO... NO longer the "fill in", or intermediate... [post 2 of 2]
10-15-2017 Intel/Newshound Guru payray Article: "URGENT: Tomorrow is a prospective meeting of infallible leaders of political blocs to resolve the crisis in Baghdad and Erbil" This is orchestrated drama... For effect, and the unity of Iraq... This investment with the currency reform is going to payoff as it has always meant to be... ...as we come to a conclusion to this, through all of this adversity, it a strange sort of way, it will bring the 3 factions within Iraq a little closer together... Add value to their currency, and thus enhancing their buying power, and it will most certainly help as it concerns the unification of Iraq... [post 1 of 2....stay tuned]
10-15-2017 Guest Guru BobTheTaxMan …When You Cash In Your Dinar It Is A Taxable Event. Whether you choose to hold and spread out or chasing out over time, which isn’t a bad philosophy at all particularly when looking at people who have social security and are dependent upon that. If you don’t have a lot of dinar, let’s say you have less than a million, take your time, spread it out. That way you won’t interfere with your social security. You don’t have it taxed again and you can still have enough money to be ok. So that’s a possibility. That’s an easy one, particularly for those who have a minimal amount of dinar. Choose easy. Just take time. Spread it out... [More to come stay tuned]
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-15-2017 Intel Guru RayRen98 This weekend on Iraqi TV, CBI's Alaq and others, along with PM Abadi, are referencing a full Iraq liberation coming soon. Daesh is surrendering at record volumes in the two remaining provinces. Al-Rafidain (Rafi) bank continues to promote the use of their international MasterCard. The Kurds supposedly have a new arrangement that should be presented on Wednesday. At the conclusion of Monday's meeting, things should become more transparent.
10-15-2017 Intel Guru Frank26 Article: "The Governor of the CBI participates in the meetings of the Higher Committee for Reconstruction and Investment" Quote: "The meeting dealt with the issues related to the advancement of reconstruction and investment projects in Iraq." Article: "Governor of the Central Bank heads to the United States to attend meetings of the IMF and the World Bank" Quote: "The central bank announced on Sunday that the central bank governor has gone to the United States to participate in meetings of the International Monetary Fund and the World Bank." Excellent ...Many Meetings right now.
10-15-2017 Intel Guru Delta BLAST FROM THE PAST!!! Article: Wed, 10 Dec 2014 "Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends on delete zeros of the currency." "The introduction of ATM in the markets and banks is dependent on the implementation of the decision to delete zeros from the Iraqi currency, pointing out that the Iraqi currency suffers from large inflation in time Present."
10-15-2017 Guest Guru BobTheTaxMan …When You Cash In Your Dinar It Is A Taxable Event. Whether you choose to hold and spread out or chasing out over time, which isn’t a bad philosophy at all particularly when looking at people who have social security and are dependent upon that. If you don’t have a lot of dinar, let’s say you have less than a million, take your time, spread it out. That way you won’t interfere with your social security. You don’t have it taxed again and you can still have enough money to be ok. So that’s a possibility. That’s an easy one, particularly for those who have a minimal amount of dinar. Choose easy. Just take time. Spread it out... [More to come stay tuned]
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-15-2017 Intel Guru RayRen98 This weekend on Iraqi TV, CBI's Alaq and others, along with PM Abadi, are referencing a full Iraq liberation coming soon. Daesh is surrendering at record volumes in the two remaining provinces. Al-Rafidain (Rafi) bank continues to promote the use of their international MasterCard. The Kurds supposedly have a new arrangement that should be presented on Wednesday. At the conclusion of Monday's meeting, things should become more transparent.
10-15-2017 Intel Guru Frank26 Article: "The Governor of the CBI participates in the meetings of the Higher Committee for Reconstruction and Investment" Quote: "The meeting dealt with the issues related to the advancement of reconstruction and investment projects in Iraq." Article: "Governor of the Central Bank heads to the United States to attend meetings of the IMF and the World Bank" Quote: "The central bank announced on Sunday that the central bank governor has gone to the United States to participate in meetings of the International Monetary Fund and the World Bank." Excellent ...Many Meetings right now.
10-15-2017 Intel Guru Delta BLAST FROM THE PAST!!! Article: Wed, 10 Dec 2014 "Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends on delete zeros of the currency." "The introduction of ATM in the markets and banks is dependent on the implementation of the decision to delete zeros from the Iraqi currency, pointing out that the Iraqi currency suffers from large inflation in time Present."
10-14-2017 Newshound Guru chattels [appear barzani maybe changing mind imho] I opined a few days ago that he may need to alter his position. Abadi is between a rock and a hard place. Barzani is just in a hard place.
10-14-2017 Newshound/Intel Guru BGG Article: "Reveal the contents of Tilerson’s message to Barzani ahead of the referendum" When you really dig into what Tillerson and the US offered Barzani to step off this “vote” and quit stirring everyone up...it becomes quite clear NONE OF THIS was about what is best for the Kurdish people, but what is best for BARZANI. OMG!! They gave him the keys to the KINGDOM!! They pretty much offered him the WHOLE PACKAGE. UN, IMF, World support, independence (of sorts), revenue – JUST UNREAL!!
10-14-2017 Guest Guru BobTheTaxMan …#2 they are going to see this as an opportunity to make money off of you. #3 there is no reason to create that [trusts and other structures] and have the continued ongoing cost when we don’t have actual proof and evidence or the actual event come to fruition yet. Don’t do it. You’re going to be throwing good money after bad. don’t do it…Some people want to hate me for this but that’s ok. I’m not here to garner your love… I’m here to tell you practical steps. Things you need to be aware of when it comes to dealing with the dinar because it is such an oddity. Is it a true event that will come to fruition? Yeah, I think it will come to fruition!…you just can’t beat this opportunity. It’s wonderful. It’s such a low investment for the potential for a high reward…no body knows when it’s going to come to fruition…Right now don’t put the money and expense and effort into trying to create some colluded deluded idea in order to negate or avoid those taxations. [Post 2 of 2]
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-14-2017 Guest Guru BobTheTaxMan A warning: If you attempt to avoid Federal or State income taxes, you’re setting yourself up. Don’t do it. I know a three way win…a win for you. A win for your tax professional and a win for the IRS is how you live life without having to look over your shoulder. So don’t do it…Finding an attorney/CPA who’s willing to listen to you…good luck because people in the professional world have already been told many times it’s a scam and also have been bombarded with people seeking free advice…Am I saying don’t trust attorneys with ideas later on after the dinar comes to fruition? No I’m not saying that at all. What I’m saying is right now don’t even go to an attorney…right now because for the most part they don’t believe you. [Post 1 of 2 Stay tuned for the rest of the story...]
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-14-2017 Newshound Guru MilitiaMan Article: "Al-Rafidain: MasterCard International allows granting advances and loans of all types" Loans equate to interest rates. That is huge.. imo
10-14-2017 Intel Guru RayRen98 ...we are...still awaiting the official announcement of Ali al-Allaq as the Governor of the CBI. Iraqi and US banks met in DC about international interests in the financial sector, so those things are in the works. Supposedly the plan is for Abadi to announce the full liberation of Iraq in late November, with the international rate surfacing in January. But you know that a plan is just some desired results according to a certain time line. However, one of the military leaders is saying on television that 97% of Iraq has already been liberated – that could b 100% within a week! We remain optimistic this ride is coming to an end ‘in the coming days’. We’ll see what happens over the weekend or setting us up for next week, with the liberation of Iraq or whatever the plan turns out to be. I definitely believe we are seeing this ride come to an end. It’s on the way!
10-14-2017 Newshound/Intel Guru BGG Article: "Reveal the contents of Tilerson’s message to Barzani ahead of the referendum" When you really dig into what Tillerson and the US offered Barzani to step off this “vote” and quit stirring everyone up...it becomes quite clear NONE OF THIS was about what is best for the Kurdish people, but what is best for BARZANI. OMG!! They gave him the keys to the KINGDOM!! They pretty much offered him the WHOLE PACKAGE. UN, IMF, World support, independence (of sorts), revenue – JUST UNREAL!!
10-14-2017 Guest Guru BobTheTaxMan …#2 they are going to see this as an opportunity to make money off of you. #3 there is no reason to create that [trusts and other structures] and have the continued ongoing cost when we don’t have actual proof and evidence or the actual event come to fruition yet. Don’t do it. You’re going to be throwing good money after bad. don’t do it…Some people want to hate me for this but that’s ok. I’m not here to garner your love… I’m here to tell you practical steps. Things you need to be aware of when it comes to dealing with the dinar because it is such an oddity. Is it a true event that will come to fruition? Yeah, I think it will come to fruition!…you just can’t beat this opportunity. It’s wonderful. It’s such a low investment for the potential for a high reward…no body knows when it’s going to come to fruition…Right now don’t put the money and expense and effort into trying to create some colluded deluded idea in order to negate or avoid those taxations. [Post 2 of 2]
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-14-2017 Guest Guru BobTheTaxMan A warning: If you attempt to avoid Federal or State income taxes, you’re setting yourself up. Don’t do it. I know a three way win…a win for you. A win for your tax professional and a win for the IRS is how you live life without having to look over your shoulder. So don’t do it…Finding an attorney/CPA who’s willing to listen to you…good luck because people in the professional world have already been told many times it’s a scam and also have been bombarded with people seeking free advice…Am I saying don’t trust attorneys with ideas later on after the dinar comes to fruition? No I’m not saying that at all. What I’m saying is right now don’t even go to an attorney…right now because for the most part they don’t believe you. [Post 1 of 2 Stay tuned for the rest of the story...]
[NOTE: The above should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-14-2017 Newshound Guru MilitiaMan Article: "Al-Rafidain: MasterCard International allows granting advances and loans of all types" Loans equate to interest rates. That is huge.. imo
10-14-2017 Intel Guru RayRen98 ...we are...still awaiting the official announcement of Ali al-Allaq as the Governor of the CBI. Iraqi and US banks met in DC about international interests in the financial sector, so those things are in the works. Supposedly the plan is for Abadi to announce the full liberation of Iraq in late November, with the international rate surfacing in January. But you know that a plan is just some desired results according to a certain time line. However, one of the military leaders is saying on television that 97% of Iraq has already been liberated – that could b 100% within a week! We remain optimistic this ride is coming to an end ‘in the coming days’. We’ll see what happens over the weekend or setting us up for next week, with the liberation of Iraq or whatever the plan turns out to be. I definitely believe we are seeing this ride come to an end. It’s on the way!
10-13-2017 Intel/Newshound Guru payray Article: "Kurdish Referendum may see Iraqi Elections Postponed" An opinion piece... I still believe that the referendum was purposely carried out as a diversion tactic... It has certainly been the focal point these last few weeks as the writer points out... As far as their local, and national elections?... Does it really matter that much?... The continued drive towards economic prosperity continues in Iraq despite all of this... Which leads me to believe that Iraq is being lead by those not necessarily within Iraq... But if it is getting the job done, in the end, those who hold high office within this country will get the credit...
10-13-2017 Intel Guru Rayren98 [...there have been numerous reports of a potential military conflict between the Kurds and the Iraqi forces. There reportedly have been a build up of military forces from the Kurds and the Iraqi Army in Kirkuk. I have to imagine that if a conflict does break out that will put an indefinite delay in the RV. What have you been hearing?] “Any day now, the RV is happening”, so whatever conflict is being reported, that is not an issue according to my sources.
10-13-2017 Newshound/Intel Guru Mnt Goat Article: "IRAQIS DEMAND TRIAL, EXECUTION OF MALIKI OVER MOSUL FALL TO ISIS" Many keep asking me why this guy Maliki is still around. ...Listen up! - NORI Al-MALIKI HAS IMMUNITY UNDER THE PROVISIONS OF HIS VP POSITION AND CURRENCY CAN NOT BE TOUCHED. This trial, of course, can not take place until after the 2018 elections when Maliki loses his immunity under his VP position. However the most important point to remember in this saga is this: 1) if this is the case he will do anything to either try to stay in some govt position that allows for immunity again or 2) he will create a crisis…again. This is the scary part and the part that could hold up the RV, if they don’t get it done prior to the election timeframe in 2018. This is why he is still a liability and will continue to be a liability until they final get him….
10-13-2017 Intel Guru Dr. Clarke Are your “Affairs in Order”? You have a few “DAYS” left, in ROCKtober. It’s written in the “SKY”.
10-13-2017 Intel/Newshound Guru payray Article: "The Central Bank calls on ministries to lift the seizure of the funds of the Bank of Economics" Great news... Can you hear it folks... The economic engine is revving up in Iraq... In preparation to take off at full speed... Hitting the ground running so to speak... And to think we have been brought to this point in order to partake of this part in history...
10-13-2017 Guest Guru BobTheTaxMan …Because what it’s based on is whatever the taxable income is in that particular calendar year…let’s say for example you decided to just cash in part of it the first year. Part of it the next year and part of it the next year. Great strategy if you could do that, that’s wonderful. But remember you’re still gambling on solidity of the government and the currency and the solidity of the region. So keep that in mind as you prepare and think about your strategies for cashing in your dinar. But if you do take the time to spread those out over time…you’re still going to be caught up in whatever tax brackets applicable to you. So don’t think that just because one year you got slammed the next year it’s going to go back to where the old one was…no that’s not how it works. [Post 2 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-13-2017 Intel/Newshound Guru payray Article: "Interest in tourism and the promotion of production The most prominent means of financial reform" Diversifying their economy, and making sure they get more bang for their buck, or dinar in Iraq's case... In a nut shell... They do not want to be so dependent on oil, and the fluctuation of it pricing within the open market... But in order to get to that point, this is going to require more liquidity... Which means they are going to have to "you know what!".... Value, Value, Value, and a little over a half to their currency... They are certainly prepping Iraq to become a MAJOR economic hub of the Middle East...
10-13-2013 Newshound Guru Mnt Goat Article: "A HOSTLE SITUATION IS DEVELOPING WITH THE KURDS" ...this could be the beginning of a civil war, if not handled correctly! Do you think they are going to RV if this happens? They will use the excuse that they do not want to allow the dinar to rise in value so the Kurds can not have funds to support and resupply their forces against the federal forces. Do you see the picture here? YES – this could hold up the RV and I don’t care what any rating agency like FITCH or others have to say. FITCH is not the IMF and certainly not the CBI. This could have significance reprocussions... [post 2 of 2]
Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
10-13-2017 Guest Guru BobTheTaxMan There are 4 taxes we need to be aware of when dealing with the dinar. And planning for those 4 taxes are going to pretty much take care of everything for the future. #1. Federal Taxes…you can find the tax brackets out on the internet anywhere and with the current idea’s being presented by Trump you’re going to see some changes on what those brackets are from 7 down to 3 once/if that passes everything. I’m hoping it does cause it’s going to make it a lot easier for everybody. When you take a look at the tax brackets [federal] I have people asking me “Well if it’s only 15% that I’m paying right now is that going to change when I cash in the dinar?” Well obviously it’s going to change!… [Post 1 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-13-2017 Newshound Guru Mnt Goat Article quote: "Iraqi Vice President Ayad Allawi says there could be a "civil war" over the Kurdish-administered city of Kirkuk if talks over Kurdish independence are left unresolved." ...I am telling everyone that this referendum vote was leverage to get Article 140 law passed in parliament and settle the disputes over the oil rich providence of Kirkuk once and for all...this referendum was important and will have some impact somehow. The recent Kurdish referendum was not so much about Kurdistan succeeded as it was more to get leverage to get the constitution “fully” implemented. It was all about “stirring the pot” or “shaking the hive”. It has been about 12 years already since the constitution of Iraq was ratified, and still it is not “fully” implemented. This is the Kurds beef with the GOI and parliament. [post 1 of 2....stay tuned]
10-13-2017 Intel Guru Delta GOOD NEWS...IRAQIS WILL HEAR IN THE NEXT FEW DAYS... MAJOR GENERAL AMMAR AL- KUBAISI COMMANDER OF THE SECOND BORDER ANNOUNCED THAT THE NEXT FEW DAYS WILL SEE THE LIBERATION OF THE BORDER COMPLETELY...ALL WILL BE DONE.
10-13-2017 Intel Guru Bruce I have been told not to go into certain areas tonight. This is what we can talk about. What has gone on in Iraq is the IMF has asked Iraq to do (2) things. Remember the law that was against about anti money laundering law in conjunction with counterfeiting? That law was passed long time ago. They want to see this enacted. The other thing the IMF wants is to see Iraq’s rate enacted. Iraq has about 9 Dignitaries that have been invited to come to the United States for the final day of the IMF meeting in Washington DC. Sunday would be the last day of the meeting. It makes sense they would comply the final things the IMF has requested before coming over to that meeting which they will be there with other people on Sunday. That is a positive thing for us. We should have the best weekend of our lives.
10-13-2017 Intel Guru Rayren98 [...there have been numerous reports of a potential military conflict between the Kurds and the Iraqi forces. There reportedly have been a build up of military forces from the Kurds and the Iraqi Army in Kirkuk. I have to imagine that if a conflict does break out that will put an indefinite delay in the RV. What have you been hearing?] “Any day now, the RV is happening”, so whatever conflict is being reported, that is not an issue according to my sources.
10-13-2017 Newshound/Intel Guru Mnt Goat Article: "IRAQIS DEMAND TRIAL, EXECUTION OF MALIKI OVER MOSUL FALL TO ISIS" Many keep asking me why this guy Maliki is still around. ...Listen up! - NORI Al-MALIKI HAS IMMUNITY UNDER THE PROVISIONS OF HIS VP POSITION AND CURRENCY CAN NOT BE TOUCHED. This trial, of course, can not take place until after the 2018 elections when Maliki loses his immunity under his VP position. However the most important point to remember in this saga is this: 1) if this is the case he will do anything to either try to stay in some govt position that allows for immunity again or 2) he will create a crisis…again. This is the scary part and the part that could hold up the RV, if they don’t get it done prior to the election timeframe in 2018. This is why he is still a liability and will continue to be a liability until they final get him….
10-13-2017 Intel Guru Dr. Clarke Are your “Affairs in Order”? You have a few “DAYS” left, in ROCKtober. It’s written in the “SKY”.
10-13-2017 Intel/Newshound Guru payray Article: "The Central Bank calls on ministries to lift the seizure of the funds of the Bank of Economics" Great news... Can you hear it folks... The economic engine is revving up in Iraq... In preparation to take off at full speed... Hitting the ground running so to speak... And to think we have been brought to this point in order to partake of this part in history...
10-13-2017 Guest Guru BobTheTaxMan …Because what it’s based on is whatever the taxable income is in that particular calendar year…let’s say for example you decided to just cash in part of it the first year. Part of it the next year and part of it the next year. Great strategy if you could do that, that’s wonderful. But remember you’re still gambling on solidity of the government and the currency and the solidity of the region. So keep that in mind as you prepare and think about your strategies for cashing in your dinar. But if you do take the time to spread those out over time…you’re still going to be caught up in whatever tax brackets applicable to you. So don’t think that just because one year you got slammed the next year it’s going to go back to where the old one was…no that’s not how it works. [Post 2 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-13-2017 Intel/Newshound Guru payray Article: "Interest in tourism and the promotion of production The most prominent means of financial reform" Diversifying their economy, and making sure they get more bang for their buck, or dinar in Iraq's case... In a nut shell... They do not want to be so dependent on oil, and the fluctuation of it pricing within the open market... But in order to get to that point, this is going to require more liquidity... Which means they are going to have to "you know what!".... Value, Value, Value, and a little over a half to their currency... They are certainly prepping Iraq to become a MAJOR economic hub of the Middle East...
10-13-2013 Newshound Guru Mnt Goat Article: "A HOSTLE SITUATION IS DEVELOPING WITH THE KURDS" ...this could be the beginning of a civil war, if not handled correctly! Do you think they are going to RV if this happens? They will use the excuse that they do not want to allow the dinar to rise in value so the Kurds can not have funds to support and resupply their forces against the federal forces. Do you see the picture here? YES – this could hold up the RV and I don’t care what any rating agency like FITCH or others have to say. FITCH is not the IMF and certainly not the CBI. This could have significance reprocussions... [post 2 of 2]
Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
10-13-2017 Guest Guru BobTheTaxMan There are 4 taxes we need to be aware of when dealing with the dinar. And planning for those 4 taxes are going to pretty much take care of everything for the future. #1. Federal Taxes…you can find the tax brackets out on the internet anywhere and with the current idea’s being presented by Trump you’re going to see some changes on what those brackets are from 7 down to 3 once/if that passes everything. I’m hoping it does cause it’s going to make it a lot easier for everybody. When you take a look at the tax brackets [federal] I have people asking me “Well if it’s only 15% that I’m paying right now is that going to change when I cash in the dinar?” Well obviously it’s going to change!… [Post 1 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-13-2017 Newshound Guru Mnt Goat Article quote: "Iraqi Vice President Ayad Allawi says there could be a "civil war" over the Kurdish-administered city of Kirkuk if talks over Kurdish independence are left unresolved." ...I am telling everyone that this referendum vote was leverage to get Article 140 law passed in parliament and settle the disputes over the oil rich providence of Kirkuk once and for all...this referendum was important and will have some impact somehow. The recent Kurdish referendum was not so much about Kurdistan succeeded as it was more to get leverage to get the constitution “fully” implemented. It was all about “stirring the pot” or “shaking the hive”. It has been about 12 years already since the constitution of Iraq was ratified, and still it is not “fully” implemented. This is the Kurds beef with the GOI and parliament. [post 1 of 2....stay tuned]
10-13-2017 Intel Guru Delta GOOD NEWS...IRAQIS WILL HEAR IN THE NEXT FEW DAYS... MAJOR GENERAL AMMAR AL- KUBAISI COMMANDER OF THE SECOND BORDER ANNOUNCED THAT THE NEXT FEW DAYS WILL SEE THE LIBERATION OF THE BORDER COMPLETELY...ALL WILL BE DONE.
10-13-2017 Intel Guru Bruce I have been told not to go into certain areas tonight. This is what we can talk about. What has gone on in Iraq is the IMF has asked Iraq to do (2) things. Remember the law that was against about anti money laundering law in conjunction with counterfeiting? That law was passed long time ago. They want to see this enacted. The other thing the IMF wants is to see Iraq’s rate enacted. Iraq has about 9 Dignitaries that have been invited to come to the United States for the final day of the IMF meeting in Washington DC. Sunday would be the last day of the meeting. It makes sense they would comply the final things the IMF has requested before coming over to that meeting which they will be there with other people on Sunday. That is a positive thing for us. We should have the best weekend of our lives.
10-12-2017 Newshound Guru MilitiaMan Quote: "The general orientation of the central bank is working to restore the Iraqi dinar exchange rate against the dollar to its former glory in collaboration with government banks, indicating that the bank seeks to make way for government banks to carry out sale the dollar put pressure on speculators in the markets." Well this is obviously a word to get attention.. Glory be it! What other glory is there than bring back your currency to it's real value and away from a program rate? We all know the banks are meeting with the UST and have been for some time now. Are the final touches in place? I'll bet so. Even Abadi today is just about ready to tell the world the final inches of Iraq are liberated from ISIS. Security and stability, is at hand. Therefore, imo the remaining touches if you will are being done and in a very timely manner. 9-15/2017 IMF, 10/16/2017 Private Banks and the UST and then 10/18/2017 Iraq and US represented by the Institute of Strategic Studies. Go figure.. A global think TANK! wink then ka boom lol that fast..
10-12-2017 Intel Guru RayRen98 [Before Iraq revalues the dinar, do you know what new Iraqi denomination note(s) we are looking for release and use, in the ATMs, retail business, etc.] The lower denominations are ones, fives, tens, twenties, maybe a new 50 dinar now, I’m not sure.
10-12-2017 Newshound Guru Aggiedad77 Article: “Economic partnerships between Iraq and Egypt” ...this is IMO the kind of working relationships that Iraq needs...one where they can each provide the other with needed commodities and help...IMO a part of the LL (long line) that we see growing that will benefit Iraq and eventually be a HUGE benefit for the world over as they help to rebuild this nation...so many opportunities here for the ones who can afford the process...IMO.
10-12-2017 Intel/Newshound Guru payray Article: "The challenges of Iraq's budget .. The search for 20 billion dollars for the reconstruction of liberated cities" Quote: "Saleh explained that electricity alone consumes 14 trillion Iraqi dinars (JD = 1180 dinars) from the general budget..." [is this mean the rate for 2018 budget at 1180...?] They will make the adjustment when the new rate occurs... Their speaking in terms of what the rate is now of course... Not really knowing when the new rate will come... But here is the thing!... When it does occur, the income flow from taxes due to consumerism within the private sector will help them to repay loans, increase the funding for reconstruction, and allow for any budget shortfalls to be bridged... The ability to bring about an increase in spending for the population of the nation of Iraq is the goal now... The only way for all of these financial obligations to be met within Iraq is the value of their currency to increase substantially... That is the endgame as we near the completion of monetary reform within Iraq...
10-12-2017 Newshound Guru G-Lin Article: "Iraqi and US banks meet in Washington" Quote: "He pointed out that" The Iraqi delegation will be formed by Iraqi banks to meet with the US Treasury and major banks and the Foreign Ministry there and representatives of the World Bank and the International Monetary Fund. Bridges of cooperation" This is a great art. And an Iraqi-US meeting on October 18.
10-12-2017 Intel Guru RayRen98 I think the rates are going to be between $3.50 and $3.80 for the dinar... The wonderfully quiet dong is being reported at 47 cents, or $0.47. That’s the most consistent rate we’ve seen, but if it went as high as two dollars, I would not be surprised.
Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
10-12-2017 Guest Guru BobTheTaxMan It’s not going to be taxed as capital gains despite what anyone else may have told you…it’s not. This is going to be an ordinary tax event. The reason why is because you did not buy this under contract with a specific date for return therefore you don’t qualify for the blessings of being a true forex trader and the IRS already said…no. So don’t even consider someone else’s idea on this cause quite frankly guys you’re only setting yourself up for problems. And if you were to file a tax return showing it as capital gains but identifying what it is, I can assure you you’re going to get snagged. So don’t do it.
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-12-2017 Intel/Newshound Guru payray Articles: "Experts: We demand a greater role for industrial and banking sectors in Iraq" "Iraqi banks are looking with the US Treasury to open relations with foreign banks" Quote: “the Arab-American banking conference will be held in New York on the sixteenth of October next and Iraq will participate with a large banking delegation,” noting that “there is great confidence between the Association of Iraqi private banks and the US Treasury.” Good stuff...These are the articles that should have us kicking our heels together... These are the articles that supersede all of the negative ones in value as it concerns our investment... The potential for the RV is anytime, and has been for a while... There just seems to be a particular date, and time frame for all of this... This weekend could prove to be very interesting... Many things are lining up...
10-12-2017 Intel Guru RayRen98 [Before Iraq revalues the dinar, do you know what new Iraqi denomination note(s) we are looking for release and use, in the ATMs, retail business, etc.] The lower denominations are ones, fives, tens, twenties, maybe a new 50 dinar now, I’m not sure.
10-12-2017 Newshound Guru Aggiedad77 Article: “Economic partnerships between Iraq and Egypt” ...this is IMO the kind of working relationships that Iraq needs...one where they can each provide the other with needed commodities and help...IMO a part of the LL (long line) that we see growing that will benefit Iraq and eventually be a HUGE benefit for the world over as they help to rebuild this nation...so many opportunities here for the ones who can afford the process...IMO.
10-12-2017 Intel/Newshound Guru payray Article: "The challenges of Iraq's budget .. The search for 20 billion dollars for the reconstruction of liberated cities" Quote: "Saleh explained that electricity alone consumes 14 trillion Iraqi dinars (JD = 1180 dinars) from the general budget..." [is this mean the rate for 2018 budget at 1180...?] They will make the adjustment when the new rate occurs... Their speaking in terms of what the rate is now of course... Not really knowing when the new rate will come... But here is the thing!... When it does occur, the income flow from taxes due to consumerism within the private sector will help them to repay loans, increase the funding for reconstruction, and allow for any budget shortfalls to be bridged... The ability to bring about an increase in spending for the population of the nation of Iraq is the goal now... The only way for all of these financial obligations to be met within Iraq is the value of their currency to increase substantially... That is the endgame as we near the completion of monetary reform within Iraq...
10-12-2017 Newshound Guru G-Lin Article: "Iraqi and US banks meet in Washington" Quote: "He pointed out that" The Iraqi delegation will be formed by Iraqi banks to meet with the US Treasury and major banks and the Foreign Ministry there and representatives of the World Bank and the International Monetary Fund. Bridges of cooperation" This is a great art. And an Iraqi-US meeting on October 18.
10-12-2017 Intel Guru RayRen98 I think the rates are going to be between $3.50 and $3.80 for the dinar... The wonderfully quiet dong is being reported at 47 cents, or $0.47. That’s the most consistent rate we’ve seen, but if it went as high as two dollars, I would not be surprised.
Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
10-12-2017 Guest Guru BobTheTaxMan It’s not going to be taxed as capital gains despite what anyone else may have told you…it’s not. This is going to be an ordinary tax event. The reason why is because you did not buy this under contract with a specific date for return therefore you don’t qualify for the blessings of being a true forex trader and the IRS already said…no. So don’t even consider someone else’s idea on this cause quite frankly guys you’re only setting yourself up for problems. And if you were to file a tax return showing it as capital gains but identifying what it is, I can assure you you’re going to get snagged. So don’t do it.
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
10-12-2017 Intel/Newshound Guru payray Articles: "Experts: We demand a greater role for industrial and banking sectors in Iraq" "Iraqi banks are looking with the US Treasury to open relations with foreign banks" Quote: “the Arab-American banking conference will be held in New York on the sixteenth of October next and Iraq will participate with a large banking delegation,” noting that “there is great confidence between the Association of Iraqi private banks and the US Treasury.” Good stuff...These are the articles that should have us kicking our heels together... These are the articles that supersede all of the negative ones in value as it concerns our investment... The potential for the RV is anytime, and has been for a while... There just seems to be a particular date, and time frame for all of this... This weekend could prove to be very interesting... Many things are lining up...
10-11-2017 Intel Guru RayRen98 Rafi Bank has announced international payment systems with the MasterCard; I have heard that everyone has been paid as of today. Now would be a great time to do a rate change, because everyone who expects to get paid has been paid at the rate they were anticipating. Turn on the green light; afterwards we can easily adjust the purchasing power. It makes sense to get everyone caught up and then switch the track. WE have announcements coming from the CBI, and the main one is that the current proxy Governor is now the official Governor of the CBI. Things look good in terms of information, so put the pieces together with the political issues that has subsided. There are some very good signs for this weekend.
10-11-2017 Intel/Newshound Guru payray Article: "The financial crisis is gripping Iraq's economic capital" Quote: "Journal News Basra province suffers from a major financial crisis...despite the fact that the province is considered the economic capital of Iraq because of its wealth of large resources supporting the state budget, most notably oil." Basra has Iraq's greatest port I believe.. This area will most certainly be a major cog within Iraq's economy.. The need to end the artificial rate is coming, as the natural rate of Iraq is reintroduced to the world... This is all coming to a head, and will in the end benefit all of Iraq, and those who have invested in their currency..
10-11-2017 Newshound Guru Adam Montana When Abadi vs Maliki was happening, that was another major step for Iraq. Again, it wasn’t a promise of immediate RV, but let’s face it - a major change in value of the Dinar was never going to happen with Maliki at the helm. Maliki simply had no reason to act in Iraq’s best interest when he had such a huge ability to pilfer the system under his power. I firmly believe that Abadi is not like Maliki, and when he won that battle, our landscape changed for the better...but even that was not enough. There was still the issue of the HCL, which MUST be resolved before (or simultaneously with) an RV. Now let’s look at today...this immediate point in time, where once again the rumor mills are churning and people are getting excited. I’m going to make two specific statements right now, and I hope they stick: 1. None of the gurus can call the Date. 2. Despite #1 above, the current level of activity is not to be ignored. Things ARE happening. [post 2 of 2]
10-11-2017 Newshound Guru Adam Montana Lots going on right now. I’ll say one thing for all the rumors… they may not seem to get the “dates” right, but when there’s buzz on all the rumor sites...it is usually right in front of a big event. ...Before Chapter 7, there was a crazy amount of hype. You all know I temper my posts, in an effort to keep people grounded, but even I got pretty excited about that event. It was a major milestone, and a significant key to Iraq’s progress. The rumor sites all promised an RV at that time, and it was certainly a possibility, but we all know it wasn’t a certainty. [post 1 of 2....stay tuned]
10-11-2017 Newshound/Intel Guru BGG Article: "Issuing arrest warrants against the president and members of the commission supervising the referendum" Quote: "Al-Rusafa Investigation Court on Wednesday issued arrest warrants for the president and members of the Kurdistan Regional Commission (KRG), which oversees the referendum, in violation of the decision of the Federal Supreme Court." ...note how it refers to the KRC as the (KRG)… implying this is Barzani they have issued an arrest warrant against. (and probably Karim – not good for him to have been snuggling up to the current KRG)
10-11-2017 Intel/Newshound Guru payray Article: "Cabinet allocates three billion dinars for electricity projects" And the building, and upgrading continues... Loans being used to ensure their success... LOANS... These countries expect their investment to have a return... They know it will be... And so should we... There is only one way this will occur... And we know, and they know what this will be as well...
10-11-2017 Newshound Guru Breitling …People are investing in the dinar just like me but they are pretending and going about their business as if it’s going to happen tomorrow. So what if it happens tomorrow? I’m not saying it’s not. But they’re betting on it. In fact it’s part of their budget. You guys…No. No. That’s the worst thing you could do…until you have that money it is not real…So just have your game plan in front of you and your head in the game correctly. What an opportunity. I love the dinar. It’s a great opportunity. I love being in it…I made a killing off the ISX and I think I’m going to make a killing of the dinar also…
10-11-2017 Intel Guru Bruce We know the dinar was at $3.22 for quite awhile as a lead up to the Gulf war. We know that the reinstated rate that we heard about was at $3.71. Iraq has been operating in country on their Qi cards, pre-paid debit cards, at that rate or higher for many months now. This rate from my understanding I think will be additional amount for the CBI rate. I don’t think it will stay at that rate. I think it will be higher. I don’t know when that rate will be known to us exactly. We do not know that, but we don’t think it will be very much longer before that will show. From a prospective of Iraq, they have been approved by the IMF for this new rate. This afternoon [Tuesday] I got confirmation of that. In terms from where we are, we are almost there. I think we are in a great place. [post 1 of 2]
10-11-2017 Intel Guru Bruce We were rolling right along, going along fine expecting this to go, and we had an interruption...in effect it was a slight delay. There were (3) distinct meetings yesterday [Monday] in this country, but in Iraq there was another meeting going on with the Iraqi Parliament and the IMF was in attendance, and Alak, the new CBI director of the Central Bank of Iraq. It was good. They may have passed legislatively what the Parliament needed to do. They met with some agreements that needed to be sign at the closest IMF office which was at Jordan. The IMF and Alak came to Jordon to handle those documents to get those done. My understanding was the net result of that meeting yesterday, those two meetings, today is...the IMF has approved Iraq’s reinstated rate for the dinar. [post 1 of 2....stay tuned]
10-11-2017 Newshound Guru Kaperoni Article Quote: "The government is currently preparing to launch its plan for sustainable development for the years (2018-2030), a vision refers to giving a clear and essential role of the private sector in all fields, and certainly the funding area is the foundation." I've said it before, until they open up the banking system to the world, there is no private sector. Looks like they might be moving towards that soon...
10-11-2017 Newshound Guru Aggiedad77 Article: “Improving the business environment in Iraq” Coming to an Iraq we all know and love...IMO the BEST is coming get ready for it...oh BUDDY get ready for a change in our lives like none we have ever imagined......excited doesn't even begin to touch.
10-11-2017 Intel/Newshound Guru payray Article: "The financial crisis is gripping Iraq's economic capital" Quote: "Journal News Basra province suffers from a major financial crisis...despite the fact that the province is considered the economic capital of Iraq because of its wealth of large resources supporting the state budget, most notably oil." Basra has Iraq's greatest port I believe.. This area will most certainly be a major cog within Iraq's economy.. The need to end the artificial rate is coming, as the natural rate of Iraq is reintroduced to the world... This is all coming to a head, and will in the end benefit all of Iraq, and those who have invested in their currency..
10-11-2017 Newshound Guru Adam Montana When Abadi vs Maliki was happening, that was another major step for Iraq. Again, it wasn’t a promise of immediate RV, but let’s face it - a major change in value of the Dinar was never going to happen with Maliki at the helm. Maliki simply had no reason to act in Iraq’s best interest when he had such a huge ability to pilfer the system under his power. I firmly believe that Abadi is not like Maliki, and when he won that battle, our landscape changed for the better...but even that was not enough. There was still the issue of the HCL, which MUST be resolved before (or simultaneously with) an RV. Now let’s look at today...this immediate point in time, where once again the rumor mills are churning and people are getting excited. I’m going to make two specific statements right now, and I hope they stick: 1. None of the gurus can call the Date. 2. Despite #1 above, the current level of activity is not to be ignored. Things ARE happening. [post 2 of 2]
10-11-2017 Newshound Guru Adam Montana Lots going on right now. I’ll say one thing for all the rumors… they may not seem to get the “dates” right, but when there’s buzz on all the rumor sites...it is usually right in front of a big event. ...Before Chapter 7, there was a crazy amount of hype. You all know I temper my posts, in an effort to keep people grounded, but even I got pretty excited about that event. It was a major milestone, and a significant key to Iraq’s progress. The rumor sites all promised an RV at that time, and it was certainly a possibility, but we all know it wasn’t a certainty. [post 1 of 2....stay tuned]
10-11-2017 Newshound/Intel Guru BGG Article: "Issuing arrest warrants against the president and members of the commission supervising the referendum" Quote: "Al-Rusafa Investigation Court on Wednesday issued arrest warrants for the president and members of the Kurdistan Regional Commission (KRG), which oversees the referendum, in violation of the decision of the Federal Supreme Court." ...note how it refers to the KRC as the (KRG)… implying this is Barzani they have issued an arrest warrant against. (and probably Karim – not good for him to have been snuggling up to the current KRG)
10-11-2017 Intel/Newshound Guru payray Article: "Cabinet allocates three billion dinars for electricity projects" And the building, and upgrading continues... Loans being used to ensure their success... LOANS... These countries expect their investment to have a return... They know it will be... And so should we... There is only one way this will occur... And we know, and they know what this will be as well...
10-11-2017 Newshound Guru Breitling …People are investing in the dinar just like me but they are pretending and going about their business as if it’s going to happen tomorrow. So what if it happens tomorrow? I’m not saying it’s not. But they’re betting on it. In fact it’s part of their budget. You guys…No. No. That’s the worst thing you could do…until you have that money it is not real…So just have your game plan in front of you and your head in the game correctly. What an opportunity. I love the dinar. It’s a great opportunity. I love being in it…I made a killing off the ISX and I think I’m going to make a killing of the dinar also…
10-11-2017 Intel Guru Bruce We know the dinar was at $3.22 for quite awhile as a lead up to the Gulf war. We know that the reinstated rate that we heard about was at $3.71. Iraq has been operating in country on their Qi cards, pre-paid debit cards, at that rate or higher for many months now. This rate from my understanding I think will be additional amount for the CBI rate. I don’t think it will stay at that rate. I think it will be higher. I don’t know when that rate will be known to us exactly. We do not know that, but we don’t think it will be very much longer before that will show. From a prospective of Iraq, they have been approved by the IMF for this new rate. This afternoon [Tuesday] I got confirmation of that. In terms from where we are, we are almost there. I think we are in a great place. [post 1 of 2]
10-11-2017 Intel Guru Bruce We were rolling right along, going along fine expecting this to go, and we had an interruption...in effect it was a slight delay. There were (3) distinct meetings yesterday [Monday] in this country, but in Iraq there was another meeting going on with the Iraqi Parliament and the IMF was in attendance, and Alak, the new CBI director of the Central Bank of Iraq. It was good. They may have passed legislatively what the Parliament needed to do. They met with some agreements that needed to be sign at the closest IMF office which was at Jordan. The IMF and Alak came to Jordon to handle those documents to get those done. My understanding was the net result of that meeting yesterday, those two meetings, today is...the IMF has approved Iraq’s reinstated rate for the dinar. [post 1 of 2....stay tuned]
10-11-2017 Newshound Guru Kaperoni Article Quote: "The government is currently preparing to launch its plan for sustainable development for the years (2018-2030), a vision refers to giving a clear and essential role of the private sector in all fields, and certainly the funding area is the foundation." I've said it before, until they open up the banking system to the world, there is no private sector. Looks like they might be moving towards that soon...
10-11-2017 Newshound Guru Aggiedad77 Article: “Improving the business environment in Iraq” Coming to an Iraq we all know and love...IMO the BEST is coming get ready for it...oh BUDDY get ready for a change in our lives like none we have ever imagined......excited doesn't even begin to touch.
10-10-2017 Intel/Newshound Guru payray Article: "Soon .. Rafidain Bank starts launch of a predecessor to pensioners" Quote: "Rafidain Bank announced on Monday the imminent launch of advances for retirees, indicating that the amount of the advance swallow three million and interest 7%..." Why would they even think about loaning these people advances if they do not know they means with which to repay it would be available... Again one of those little nuggets of proof that something is going down... Or up as it concerns the dinar's values..
10-10-2017 Newshound Guru Kaperoni Article: "Economic partnerships between Iraq and Egypt" Quote: "In light of the growing relations between Iraq and Egypt, the government is moving to open the doors of cooperation in the commercial, industrial and investment fields between the two countries, which could pave to reach common agreements contribute to the formation of an effective economic force in the region." I find this interesting since Egypt is now floating the pound.
10-10-2017 Intel/Newshound Guru payray Article: "Central Bank: foreign currency reserves rose 3 billion dollars this year" ...They are very confident that the launching of foreign bonds will more than likely occur in 2018... Does that not require a internationally excepted currency?... Foreign reserves have risen 3 billion?... That is important to the stability of their economy... 48 billion in reserves is still a very respectable number in any country... I believe it was mentioned in the past that they did not want it to go below 43 billion... So we wait for the MOVE that will open up the floodgates of economic prosperity... All their ducks are lined up folks despite all of the disputes...
10-10-2017 Intel Guru RayRen98 CURRENT WINDOW: I don't expect it today [Monday]. At the earliest Tuesday, Wednesday, Thursday of this week. ...sources saying it could happen any time now...you can forget about that November stuff...It looks really good for us.
10-10-2017 Newshound Guru mike ...these guys haven't received any support from Baghdad; government salaries, infrastructure, displaced persons and military hardware for the fight with ISIL since March 2014. They had to do something profound to get everyone's attention, why hasn't anyone jumped in during that time to support and demand Baghdad's negotiations with Erbil? Well, they got the worlds attention now, hopefully they'll use this to win concessions and support that's designed to unite the country, no divide. Baghdad's response to the referendum is nothing but punitive, maybe they should try more carrot and less stick. [post 2 of 2]
10-10-2017 Newshound Guru mike Article: "Saudi newspaper: Washington threatens Iraqi forces to bomb if Baghdad resorted to the military option against Kurdistan" [Really, this is good news for us. The day the US abandons a united Iraq is the day our investment is worthless. This tells me the plan is still in place...] I will say that the Kurd's only produce roughly 500,000 bpd while Basra and the rest pump roughly 3.5-40 million bpd, the Kurd's financial contribution to the overall state is probably closer to a push than a win. I'd definitely agree that Barzani and the Kurd's are using this for global leverage for recognition and support from Baghdad. [post 1 of 2....stay tuned]
10-10-2017 Newshound Guru chattels The next phase of operations against Da'ash is western Anbar and securing the Syrian border with Iraq. I have opined that the completion of such may be a red letter date for many things in Iraq.
10-10-2017 Intel/Newshound Guru payray Article: "Kubic denies Maliki the issuance of the United Nations initiative to resolve the crisis in Kurdistan" ...While all of this deliberation is going on, do not be surprised if we see the increase... Diversion... This subject of referendum's, and independence will continue on... In the mean time, it will not serve as a deterrent to the continual process of ensuring Iraq's economy is given a huge boost via the increase of their currencies value...
10-10-2017 Newshound Guru Kaperoni Article: "Economic partnerships between Iraq and Egypt" Quote: "In light of the growing relations between Iraq and Egypt, the government is moving to open the doors of cooperation in the commercial, industrial and investment fields between the two countries, which could pave to reach common agreements contribute to the formation of an effective economic force in the region." I find this interesting since Egypt is now floating the pound.
10-10-2017 Intel/Newshound Guru payray Article: "Central Bank: foreign currency reserves rose 3 billion dollars this year" ...They are very confident that the launching of foreign bonds will more than likely occur in 2018... Does that not require a internationally excepted currency?... Foreign reserves have risen 3 billion?... That is important to the stability of their economy... 48 billion in reserves is still a very respectable number in any country... I believe it was mentioned in the past that they did not want it to go below 43 billion... So we wait for the MOVE that will open up the floodgates of economic prosperity... All their ducks are lined up folks despite all of the disputes...
10-10-2017 Intel Guru RayRen98 CURRENT WINDOW: I don't expect it today [Monday]. At the earliest Tuesday, Wednesday, Thursday of this week. ...sources saying it could happen any time now...you can forget about that November stuff...It looks really good for us.
10-10-2017 Newshound Guru mike ...these guys haven't received any support from Baghdad; government salaries, infrastructure, displaced persons and military hardware for the fight with ISIL since March 2014. They had to do something profound to get everyone's attention, why hasn't anyone jumped in during that time to support and demand Baghdad's negotiations with Erbil? Well, they got the worlds attention now, hopefully they'll use this to win concessions and support that's designed to unite the country, no divide. Baghdad's response to the referendum is nothing but punitive, maybe they should try more carrot and less stick. [post 2 of 2]
10-10-2017 Newshound Guru mike Article: "Saudi newspaper: Washington threatens Iraqi forces to bomb if Baghdad resorted to the military option against Kurdistan" [Really, this is good news for us. The day the US abandons a united Iraq is the day our investment is worthless. This tells me the plan is still in place...] I will say that the Kurd's only produce roughly 500,000 bpd while Basra and the rest pump roughly 3.5-40 million bpd, the Kurd's financial contribution to the overall state is probably closer to a push than a win. I'd definitely agree that Barzani and the Kurd's are using this for global leverage for recognition and support from Baghdad. [post 1 of 2....stay tuned]
10-10-2017 Newshound Guru chattels The next phase of operations against Da'ash is western Anbar and securing the Syrian border with Iraq. I have opined that the completion of such may be a red letter date for many things in Iraq.
10-10-2017 Intel/Newshound Guru payray Article: "Kubic denies Maliki the issuance of the United Nations initiative to resolve the crisis in Kurdistan" ...While all of this deliberation is going on, do not be surprised if we see the increase... Diversion... This subject of referendum's, and independence will continue on... In the mean time, it will not serve as a deterrent to the continual process of ensuring Iraq's economy is given a huge boost via the increase of their currencies value...
10-9-2017 Intel Guru RayRen98 In the midst of Sadr, protests, and all of those things going on over there, Parliament is in a closed session today, which I'm...assuming to address a lot of the things they are concerned with corruption, etc. which will help accelerate the National Reconciliation. That's what everyone is looking forward to. Full liberation, National Reconciliation, things of that nature. So...we wait. [post 2 of 2]
10-9-2017 Intel Guru RayRen98 ...last week I referenced Abadi had put out something to the citizens indicating November. Now this turn of events...would probably change that. ...The last two provinces, that needed to be liberated are reporting record number of surrenders...Of DASH and ISIS surrendering. Which means those two provinces could pretty much be liberated within a matter of hours or days. Definitely not weeks, so you can forget about that November stuff. ...Alak was on TV about the trip coming up over here in the US and IMF. More particularly about needing to develop the currency to it's true face value and to have it's International acceptance they deserve. So that lets you know that the wheels are still turning and everyone's pretty much in that direction of getting this thing born. [post 1 of 2....stay tuned]
10-9-2017 Newshound Guru MilitiaMan Article: “The Association of Private Banks holds a risk management training course“ [Yes...fits perfectly with the CBI stating that it can't start in the middle of a year, has to be at beginning...IMO] I doubt this is the beginning as we have already had first classes publicly months ago. There is data that suggests classes were complete imo back in late September... So, imo if that data is representing the classes we have learned about here, the likely hood that the classes are over already just not full publicly announced yet, is highly probable imo. Thus, it would not support the beginning of the year just because that was a time frame mentioned in past. The notion that may be out there they will broadcast specific Monetary reform projects that are currency speculation sensitive are not going to be taken lightly, thus, the data would not be deseminsted in real time publicly. We have all witnessed imo a lag time in news and if that news is even further behind than thought in some forms... Imo, this is as good a time as any to just go boom...imo
10-9-2017 Newshound Guru Breitling …What if the value of the markets, the price per barrel goes down? What would Iraq have to do to counter that? They’d have to add value to their currency. You guys getting the trend here? That’s what’s going on. That’s what’s happening. That’s what’s part of the process here…There is nothing outside of that with the Kurds. So it’s not a threat. Does Iraq want that to happen? No. Is it optimal for the middle east? Could it put the middle east in a civil war? Sure. The middle east will be busy for a while. [Post 3 of 3]
10-9-2017 Newshound/Intel Guru Mnt Goat Article: "KUWAIT: TALKS WITH IRAQ TO IMPORT GAS INSTEAD OF THE REMAINING COMPENSATION" So they are saying in this article and I quote – “WE WILL SOON SIGN THE AGREEMENT”. As investors we have been waiting for some kind of agreement for months now to eliminate this debt as far as relieving Chapter VII sanctions go. Any agreement must also meet the criteria of the IMF and be acceptable by all parties. Let’s see how this plays out. This may be the end to Chapter VII sanctions very soon. WOW ! We all know what this means…
10-9-2017 Newshound Guru G-Lin Source: Parliament lifted its meeting to Tuesday of next week...they will meet next week hopefully. The Parl. seems to be in disarray. No doubt. You can trust what is posted on the Parl. website but on another reliable website they said they did not hold their meeting today due to lack of quorum. News seems to be more confusing than ever.
10-9-2017 Newshound Guru Breitling …What would allow Iraq to do that? They can’t do it at a tenth of a penny. They can’t give up all their dollars…then they take away the backing of the dinar in the first place. This is what’s so phenomenal about this investment. It’s such a great opportunity. Huge opportunity. That’s the worst case scenario I can see with going on with the Kurds and if they pull out. How would Iraq be able to counter that? Add value to their currency… [Post 2 of 3 Stay tuned for the rest of the story...]
10-9-2017 Intel/Newshound Guru payray Article quote: "The Iraqi Stock Exchange declined during last week by 78.89 % because it did not hold one session after the announcement of a public holiday from the government." [Could it...be they have made room for us to buy e-dinar and that's why everyone stopped trading in preparation for an RV?] Very good possibility... With all of this "on the edge" news, I truly believe our ship is about to dock... And it is about time...
10-9-2017 Newshound Guru Breitling You have the kurds, what they are going through…but it’s not going to render what Iraq does with its currency…Let’s say they do separate and they do take some of that oil profits away from the rest of Iraq. What would Iraq do? You guys know the answer. They would add value to their currency. They’d have to make up for that. How would that make up for the oil loss…? Because they can take that money and invest it in the interior of other countries…The overall key is their economy is being attacked…what to they [countries] do? They invest in foreign entities, foreign bonds, foreign currencies…and what do they [countries] need to do to do that? They need to raise the value of their currencies a little bit…So what can Iraq do? [Post 1 of 3 Stay tuned for the rest of the story...]
10-9-2017 Newshound Guru chattels [reference Guru chattels post 10-8-2017] The value is 1258 per the news. I was simply giving a perspective as to the " lowest " in recent months. [SO DOES THAT MEAN THE VALUE OF THE DINAR HAS CHANGED, I WAS ALWAYS TOLD,(IF) THE VALUE CHANGED, YOU WOULD SEE IT ON THE (CBI) SITE. SO FAR IT HAS NOT CHANGED ON THE (CBI) SITE.] The market rate changes, not the official or program rate. There is a spread or variance between the official / supported rate. Street value if you like. It is what the dollar exchanges for real value / dinar in the marketplace of Iraq. [ I GUESS FOR TRADING PURPOSES.] Yes, generally speaking. The CBI quit posting the market rate some months ago. The market rate is now reported by the Stock exchange(s). Even that varies in areas of Iraq. It is the rate that Kap [Guru Kaperoni] says must be within 2% of the official rate. Or approximately 1203...
10-9-2017 Intel Guru RayRen98 ...last week I referenced Abadi had put out something to the citizens indicating November. Now this turn of events...would probably change that. ...The last two provinces, that needed to be liberated are reporting record number of surrenders...Of DASH and ISIS surrendering. Which means those two provinces could pretty much be liberated within a matter of hours or days. Definitely not weeks, so you can forget about that November stuff. ...Alak was on TV about the trip coming up over here in the US and IMF. More particularly about needing to develop the currency to it's true face value and to have it's International acceptance they deserve. So that lets you know that the wheels are still turning and everyone's pretty much in that direction of getting this thing born. [post 1 of 2....stay tuned]
10-9-2017 Newshound Guru MilitiaMan Article: “The Association of Private Banks holds a risk management training course“ [Yes...fits perfectly with the CBI stating that it can't start in the middle of a year, has to be at beginning...IMO] I doubt this is the beginning as we have already had first classes publicly months ago. There is data that suggests classes were complete imo back in late September... So, imo if that data is representing the classes we have learned about here, the likely hood that the classes are over already just not full publicly announced yet, is highly probable imo. Thus, it would not support the beginning of the year just because that was a time frame mentioned in past. The notion that may be out there they will broadcast specific Monetary reform projects that are currency speculation sensitive are not going to be taken lightly, thus, the data would not be deseminsted in real time publicly. We have all witnessed imo a lag time in news and if that news is even further behind than thought in some forms... Imo, this is as good a time as any to just go boom...imo
10-9-2017 Newshound Guru Breitling …What if the value of the markets, the price per barrel goes down? What would Iraq have to do to counter that? They’d have to add value to their currency. You guys getting the trend here? That’s what’s going on. That’s what’s happening. That’s what’s part of the process here…There is nothing outside of that with the Kurds. So it’s not a threat. Does Iraq want that to happen? No. Is it optimal for the middle east? Could it put the middle east in a civil war? Sure. The middle east will be busy for a while. [Post 3 of 3]
10-9-2017 Newshound/Intel Guru Mnt Goat Article: "KUWAIT: TALKS WITH IRAQ TO IMPORT GAS INSTEAD OF THE REMAINING COMPENSATION" So they are saying in this article and I quote – “WE WILL SOON SIGN THE AGREEMENT”. As investors we have been waiting for some kind of agreement for months now to eliminate this debt as far as relieving Chapter VII sanctions go. Any agreement must also meet the criteria of the IMF and be acceptable by all parties. Let’s see how this plays out. This may be the end to Chapter VII sanctions very soon. WOW ! We all know what this means…
10-9-2017 Newshound Guru G-Lin Source: Parliament lifted its meeting to Tuesday of next week...they will meet next week hopefully. The Parl. seems to be in disarray. No doubt. You can trust what is posted on the Parl. website but on another reliable website they said they did not hold their meeting today due to lack of quorum. News seems to be more confusing than ever.
10-9-2017 Newshound Guru Breitling …What would allow Iraq to do that? They can’t do it at a tenth of a penny. They can’t give up all their dollars…then they take away the backing of the dinar in the first place. This is what’s so phenomenal about this investment. It’s such a great opportunity. Huge opportunity. That’s the worst case scenario I can see with going on with the Kurds and if they pull out. How would Iraq be able to counter that? Add value to their currency… [Post 2 of 3 Stay tuned for the rest of the story...]
10-9-2017 Intel/Newshound Guru payray Article quote: "The Iraqi Stock Exchange declined during last week by 78.89 % because it did not hold one session after the announcement of a public holiday from the government." [Could it...be they have made room for us to buy e-dinar and that's why everyone stopped trading in preparation for an RV?] Very good possibility... With all of this "on the edge" news, I truly believe our ship is about to dock... And it is about time...
10-9-2017 Newshound Guru Breitling You have the kurds, what they are going through…but it’s not going to render what Iraq does with its currency…Let’s say they do separate and they do take some of that oil profits away from the rest of Iraq. What would Iraq do? You guys know the answer. They would add value to their currency. They’d have to make up for that. How would that make up for the oil loss…? Because they can take that money and invest it in the interior of other countries…The overall key is their economy is being attacked…what to they [countries] do? They invest in foreign entities, foreign bonds, foreign currencies…and what do they [countries] need to do to do that? They need to raise the value of their currencies a little bit…So what can Iraq do? [Post 1 of 3 Stay tuned for the rest of the story...]
10-9-2017 Newshound Guru chattels [reference Guru chattels post 10-8-2017] The value is 1258 per the news. I was simply giving a perspective as to the " lowest " in recent months. [SO DOES THAT MEAN THE VALUE OF THE DINAR HAS CHANGED, I WAS ALWAYS TOLD,(IF) THE VALUE CHANGED, YOU WOULD SEE IT ON THE (CBI) SITE. SO FAR IT HAS NOT CHANGED ON THE (CBI) SITE.] The market rate changes, not the official or program rate. There is a spread or variance between the official / supported rate. Street value if you like. It is what the dollar exchanges for real value / dinar in the marketplace of Iraq. [ I GUESS FOR TRADING PURPOSES.] Yes, generally speaking. The CBI quit posting the market rate some months ago. The market rate is now reported by the Stock exchange(s). Even that varies in areas of Iraq. It is the rate that Kap [Guru Kaperoni] says must be within 2% of the official rate. Or approximately 1203...
10-8-2017 Newshound Guru mike Article: "Parliamentary Finance discussed with the Central Bank to suspend financial transactions with the decisions of Kurdistan" The CBI is between a rock and a hard place right now. The IMF/WB have insisted on the removal of exchange restrictions and cutting off the Kurd's goes against the stipulations for future loans. This is a definitive moment to demonstrate independence of the CBI. If they resume exchange restrictions it will only reinforce the perception of corruption and GOI interference. IMO.
10-8-2017 Newshound Guru Aggiedad77 Article: "Involve the private sector to prepare development plans...And the transition to an open market economy" STRONGLY IMO...they are laying out a plan of action here not just for now, but the next 10 years...doing it in TWO stages and going to get the private sector to be a big part of the plan... Why...because this is exactly how a country who is an international leader would do things...they know it is a TEAM effort and everyone needs to be involved... An open market economy...screams of internationalism...a free economy...does the same thing...the game plan lays here in front of you... Abadi needs to light the fireworks with his speech IMO...and we will see a display of colors like no other as things progress at a rate that will blur the mind...all IMO.
10-8-2017 Newshound Guru Stryker Only Two Main Benchmarks Remain...Will they get there and will it help hold Iraq together?
10-8-2017 Newshound Guru chattels Article: "A slight rise in the dollar against the dinar on the Iraqi stock exchanges 07/10/2017" Quote: "The Iraqi National News Agency (NINA) / The dollar exchange rate today rose slightly against the dinar exchange rate in foreign currency markets in Iraq." 1248 is the lowest exchange rate of the dollar against the dinar in some time now.
10-8-2017 Intel/Newshound Guru payray Article: “US Policy Toward Iraq” Quote: “... as a result of corrupt currency exchange policies, Iraq is suffering from a crisis of liquidity.” This article seems to contradict what we have been hearing from entities outside of Iraq that are pleased with the progress being made within this country as it concerns their economic policy... The CBI was taken over in order to ensure that success was achieved several years ago... Are they planning to replace Alak with another governor?... I have always been of the opinion that Iraq does not control its destiny as it concerns when the icing is placed on the cake... There is significance to the timing of this it seems.. Otherwise, it would have been accomplished already... They know what needs to be done, and have even indicated not too long ago it is a go... They will continue to hint at what needs to be done, until it is complete, and a new rate appears... The fact that they talk about monetary reform, or allude to it is a positive... It is only a matter of when, not if... The very reason why we have nations eager to invest, loan, and open up their borders to Iraq is they know what is coming...
10-8-2017 Newshound Guru Aggiedad77 Article: "Involve the private sector to prepare development plans...And the transition to an open market economy" STRONGLY IMO...they are laying out a plan of action here not just for now, but the next 10 years...doing it in TWO stages and going to get the private sector to be a big part of the plan... Why...because this is exactly how a country who is an international leader would do things...they know it is a TEAM effort and everyone needs to be involved... An open market economy...screams of internationalism...a free economy...does the same thing...the game plan lays here in front of you... Abadi needs to light the fireworks with his speech IMO...and we will see a display of colors like no other as things progress at a rate that will blur the mind...all IMO.
10-8-2017 Newshound Guru Stryker Only Two Main Benchmarks Remain...Will they get there and will it help hold Iraq together?
10-8-2017 Newshound Guru chattels Article: "A slight rise in the dollar against the dinar on the Iraqi stock exchanges 07/10/2017" Quote: "The Iraqi National News Agency (NINA) / The dollar exchange rate today rose slightly against the dinar exchange rate in foreign currency markets in Iraq." 1248 is the lowest exchange rate of the dollar against the dinar in some time now.
10-8-2017 Intel/Newshound Guru payray Article: “US Policy Toward Iraq” Quote: “... as a result of corrupt currency exchange policies, Iraq is suffering from a crisis of liquidity.” This article seems to contradict what we have been hearing from entities outside of Iraq that are pleased with the progress being made within this country as it concerns their economic policy... The CBI was taken over in order to ensure that success was achieved several years ago... Are they planning to replace Alak with another governor?... I have always been of the opinion that Iraq does not control its destiny as it concerns when the icing is placed on the cake... There is significance to the timing of this it seems.. Otherwise, it would have been accomplished already... They know what needs to be done, and have even indicated not too long ago it is a go... They will continue to hint at what needs to be done, until it is complete, and a new rate appears... The fact that they talk about monetary reform, or allude to it is a positive... It is only a matter of when, not if... The very reason why we have nations eager to invest, loan, and open up their borders to Iraq is they know what is coming...
10-7-2017 Newshound/Intel Guru BGG Article: "Economic consultant: More than 172 factories have been suspended since 2003 – until now" Quote: “The trend towards a market economy to be a strategic partner with the private sector is taking place for the first time in Iraq, which is a correct step to restore the movement of Iraqi industry again,” This is a “catch phrase” some have interpreted as some kind of precursor “dog whistle” to a soon coming RV... I’m not so sure about all that – but it is really nice to see this lingo starting to surface again. Also, this is the primary economic adviser to the Prime Minister speaking… BTW.
10-7-2017 Newshound/Intel Guru Mnt Goat Article: "ECONOMIC RECOMMENDATIONS FOR THE INTEGRATION OF IRAQ TO THE UNION OF THE GULF COOPERATION COUNCIL" Quote: "The forum, ...sought to boost the Jordanian-Gulf economic development by opening new partnerships between business owners, reflecting the economies of both sides and activating the trade exchange movement." Can you see how Iraq joining the GCC all ties together with wanting to trade using the dinar...(currencies of their own countries).
10-7-2017 Newshound mike It's pretty clear that Kuwait isn't going to forgive the $4.5 billion Iraq owes them in lieu of investment opportunity. If Baghdad continues to drag it's heals I'd re-implement Chapter 7, it's not the "best" thing for us but it would remove the Kuwaiti compensation from the list of impediments to montetary reform and economic growth in Iraq. Iraq still pumps roughly $60 billion in oil annually, skim Kuwait's compensation off the top like they did with the oil for food program and get these guys paid.
10-7-2017 Newshound/Intel Guru Mnt Goat Article: "ECONOMIST: IRAQ CANNOT TRADE IN LOCAL CURRENCY" Quote: "IRAQ'S AGREEMENT WITH OTHER COUNTRIES TO TRADE THROUGH THE LOCAL CURRENCY AND ABANDON THE DOLLAR WOULD BE POSITIVE PAYOFFS ON THE ECONOMIC SITUATION, explained that Iraq could not take such steps at the moment because of the weak economy and the lack of a national industry." What they are saying is they would luv to trade in dinars but can’t due to the economic sanctions still imposed upon their country of Iraq. These sanctions remain until they get the economy stable. But this is amazing news since it tells us future plans and desire to use the dinar.
10-7-2017 Newshound/Intel Guru BGG Even though they are saying they can’t do it right now...doesn’t mean they won’t – or this person has the final say in such matters. If they want to re-engage with other world economies, this will happen. All of these items appear on a collision course. However, they won’t be able to lay off the dollar or fully engage internationally at the current value...it is too much of imbalance. It is going to be interesting to see the outcome of these next meetings with the IMF starting on the 13th here in Washington D.C. [post 2 of 2]
10-7-2017 Newshound/Intel Guru BGG Article: "Economic expert: Iraq cannot trade in its local currency" Quote: “Iraq’s agreement with other countries for commercial exchange through the local currency and abandonment of the dollar will have a positive return on the economy,”...“noting that” trade in local currency will reduce the inflation rate significantly because of the lack of the need to buy Dollar or reduce the proportion of purchase.“ You do realize what they are talking about here – right? This is a fairly direct reference to the “deleting of the zeros” project in a veiled sort of way. Fact. [post 1 of 2....stay tuned]
10-7-2017 Newshound/Intel Guru Mnt Goat ...how much longer can Iraq stay isolated? Did you read about Abadi’s recent trip to France? Why would France come into Iraq and want to deal with this under-valued currency?
10-7-2017 Intel/Newshound Guru payray Article: "Lagarde calls on states to "seize the opportunity" of global recovery" Quote: "The global economic recovery is taking hold, calling on nations to adopt reforms aimed at lasting prosperity on a larger scale, IMF director Christine Lagarde said on Thursday." ...I would like to point out how she is forecasting 7 years of economic prosperity after being in the deep freeze... She declares that the horizon looks promising... The 7 year period of prosperity has not occurred for the world economy as of yet... Which is why I cannot help to believe that the monetary reform in Iraq has something to do with the beginning of this 7 year period of economic abundance...
10-7-2017 Newshound/Intel Guru Mnt Goat Article: "ECONOMIC RECOMMENDATIONS FOR THE INTEGRATION OF IRAQ TO THE UNION OF THE GULF COOPERATION COUNCIL" Quote: "The forum, ...sought to boost the Jordanian-Gulf economic development by opening new partnerships between business owners, reflecting the economies of both sides and activating the trade exchange movement." Can you see how Iraq joining the GCC all ties together with wanting to trade using the dinar...(currencies of their own countries).
10-7-2017 Newshound mike It's pretty clear that Kuwait isn't going to forgive the $4.5 billion Iraq owes them in lieu of investment opportunity. If Baghdad continues to drag it's heals I'd re-implement Chapter 7, it's not the "best" thing for us but it would remove the Kuwaiti compensation from the list of impediments to montetary reform and economic growth in Iraq. Iraq still pumps roughly $60 billion in oil annually, skim Kuwait's compensation off the top like they did with the oil for food program and get these guys paid.
10-7-2017 Newshound/Intel Guru Mnt Goat Article: "ECONOMIST: IRAQ CANNOT TRADE IN LOCAL CURRENCY" Quote: "IRAQ'S AGREEMENT WITH OTHER COUNTRIES TO TRADE THROUGH THE LOCAL CURRENCY AND ABANDON THE DOLLAR WOULD BE POSITIVE PAYOFFS ON THE ECONOMIC SITUATION, explained that Iraq could not take such steps at the moment because of the weak economy and the lack of a national industry." What they are saying is they would luv to trade in dinars but can’t due to the economic sanctions still imposed upon their country of Iraq. These sanctions remain until they get the economy stable. But this is amazing news since it tells us future plans and desire to use the dinar.
10-7-2017 Newshound/Intel Guru BGG Even though they are saying they can’t do it right now...doesn’t mean they won’t – or this person has the final say in such matters. If they want to re-engage with other world economies, this will happen. All of these items appear on a collision course. However, they won’t be able to lay off the dollar or fully engage internationally at the current value...it is too much of imbalance. It is going to be interesting to see the outcome of these next meetings with the IMF starting on the 13th here in Washington D.C. [post 2 of 2]
10-7-2017 Newshound/Intel Guru BGG Article: "Economic expert: Iraq cannot trade in its local currency" Quote: “Iraq’s agreement with other countries for commercial exchange through the local currency and abandonment of the dollar will have a positive return on the economy,”...“noting that” trade in local currency will reduce the inflation rate significantly because of the lack of the need to buy Dollar or reduce the proportion of purchase.“ You do realize what they are talking about here – right? This is a fairly direct reference to the “deleting of the zeros” project in a veiled sort of way. Fact. [post 1 of 2....stay tuned]
10-7-2017 Newshound/Intel Guru Mnt Goat ...how much longer can Iraq stay isolated? Did you read about Abadi’s recent trip to France? Why would France come into Iraq and want to deal with this under-valued currency?
10-7-2017 Intel/Newshound Guru payray Article: "Lagarde calls on states to "seize the opportunity" of global recovery" Quote: "The global economic recovery is taking hold, calling on nations to adopt reforms aimed at lasting prosperity on a larger scale, IMF director Christine Lagarde said on Thursday." ...I would like to point out how she is forecasting 7 years of economic prosperity after being in the deep freeze... She declares that the horizon looks promising... The 7 year period of prosperity has not occurred for the world economy as of yet... Which is why I cannot help to believe that the monetary reform in Iraq has something to do with the beginning of this 7 year period of economic abundance...
10-6-2017 Intel/Newshound Guru payray Article: "House of Representatives, stressing the need to cancel the deduction of salaries of employees and stop borrowing" These loans received by Iraq is a means of control by those outside of their governance, as well as preparation for something very significant occurring... There will be an adjustment period once the increase takes place.... Prices within Iraq will no go down over night... So the need to ensure that they will be prepared from a liquidity standpoint is key into making sure this transition goes smoothly, as the people of Iraq will begin to enjoy their increase in buying power...
10-6-2017 Newshound/Intel Guru Mnt Goat Article: "ECONOMIST: IRAQ CANNOT TRADE IN LOCAL CURRENCY" Quote: "IRAQ'S AGREEMENT WITH OTHER COUNTRIES TO TRADE THROUGH THE LOCAL CURRENCY AND ABANDON THE DOLLAR WOULD BE POSITIVE ECONOMIC PAYOFFS..." WOW! ... “positive economic payoffs” if they abandon the dollar. We know that currently they are forced to use the US dollar due to sanctions which peg the dinar to dollar to stabilize it. We all know inflation in Iraq is caused now mainly because of the dual currency exchange rates from the buy vs sell rate of the dinar (CBI vs Banks vs street venders) when they are forced to convert to US dollars to pay importers. So in this article they are saying there are advantages to abandoning these sanctions and to stop this practice of converting dinars to dollars for trade and just use dinars. When they do this we go to the bank…This is when we go to the bank and ONLY when we go to the bank!
10-6-2017 Newshound Guru MilitiaMan Article: "Economic expert: Iraq can not trade in its local currency" ...they speak of ditching the dollar to reduce inflation to bring a positive outlook on the economics of Iraq through commercial exchange to trade through local currency. That is getting rid of MCPs. A requirement of the IMF. Think about timing, think about large business "Total" for oil, reconstruction, medical facilities, schools, roads, bridges, etc.. All will trade with a local convertible currency with an international rate not a program rate. We know there is a meeting with the IMF (An extension if you will from the SBA meetings in Amman, as of recent.) coming within the next week real close. That meeting based on the news that I see is expected to be on time and about completion of what has been done. The timing of Liberation and the mention among many other things, even about de dollarizing to use local currencies speaks of the end game for the MR to change from in process to being done with the old (000s) and in with the new. imo
10-6-2017 Newshound Guru mike Article "Float the dinar .. or VAT Kodaf oaths" Quote: "Alternative or solution essential is to float the dinar without hesitation to get rid of the waste of millions of dollars a day, where the Central Bank of Iraq helps wasting hard currency at a rate ranging between 10 to 15 million dollars a day from a corrupt process politically likes to talk about, where everyone seems to be a partner or is unaware the risks." ...this puts the kibosh on the whole $1-$3 dollar RV. Floating the dinar outside of Article VIII seems nuts, even under Article VIII Egypt and Yemen lost purchasing power in their respective currencies, what will it do to the dinar?
10-6-2017 Newshound/Intel Guru Mnt Goat Article: "CBI EASED FINANCIAL RESTRICTIONS IMPOSED ON THE KURDISTAN REGION OVER ITS INDEPENDENCE VOTE" Quote: "Iraq’s central bank on Wednesday eased financial restrictions imposed on the Kurdistan region over its independence vote AFTER RECEIVING A PLEDGE OF COOPERATION FROM KURDISH BANKS..." I believe the CBI is exploiting the kickback from the referendum fiasco to get the banking industry in Kurdistan under the reforms (i.e. electronic banking) and to finds way of getting those 3 zero notes (under peoples mattresses) back to the CBI. This is actually turning out all good for us and the RV.
10-6-2017 Newshound Guru MilitiaMan So if we look at the timing of events and the knowledge we have from the plethora of information we have been freely given by many people to use for to find a foundation in our investment that imo is not speculative at all. It is in fact, based on hard data that supports the Iraqi Dinar is by far under valued. We can look at not only natural resources, taxes and tariffs, agriculture, claw back of stolen goods and monies, and to soon be a booming in tourism industry, etc., that supports the value of an international convertible currency at a market rate. The above should give security to those investors even more now. Their money and persons will be safe to move freely! The expectation of Abadi to speak now about full liberation of Iraq is greater than ever before, imo.
10-6-2017 Intel Guru Bruce I am thrilled to say you are in a very good place for this even though we thought we were going to receive this last night [Wednesday]. It didn’t happen. What I understand is late last night countries all around the world all synched in, banks, countries, currencies, all that synched with the computer system...It was something that needed to be done. Now I heard we are in position to go forward. We got a time window, couple of them and highly expected for things to go forward for us. ...Abadi...made a speech...in France where he said that they had reclaim two coastal or border cities on the border with Syria. In terms of what is going on with rates...They keep trading higher. Are they at a point right now that everybody is happy with them? Is the IMF happy with everything? I don’t know. They are quite good. I would say probably they are where they needed to be. We are looking very good to get started. I do believe we are in the right place to get going now.
10-6-2017 Newshound Guru Kaperoni Article: "Float the dinar .. or VAT Kodaf oaths" The IMF can only lead them to water. The Iraqi's have to follow the plan and do it right or they will lose it all. So far, it's not been working out, the next few months will be interesting.
10-6-2017 Newshound/Intel Guru Mnt Goat Article: "ECONOMIST: IRAQ CANNOT TRADE IN LOCAL CURRENCY" Quote: "IRAQ'S AGREEMENT WITH OTHER COUNTRIES TO TRADE THROUGH THE LOCAL CURRENCY AND ABANDON THE DOLLAR WOULD BE POSITIVE ECONOMIC PAYOFFS..." WOW! ... “positive economic payoffs” if they abandon the dollar. We know that currently they are forced to use the US dollar due to sanctions which peg the dinar to dollar to stabilize it. We all know inflation in Iraq is caused now mainly because of the dual currency exchange rates from the buy vs sell rate of the dinar (CBI vs Banks vs street venders) when they are forced to convert to US dollars to pay importers. So in this article they are saying there are advantages to abandoning these sanctions and to stop this practice of converting dinars to dollars for trade and just use dinars. When they do this we go to the bank…This is when we go to the bank and ONLY when we go to the bank!
10-6-2017 Newshound Guru MilitiaMan Article: "Economic expert: Iraq can not trade in its local currency" ...they speak of ditching the dollar to reduce inflation to bring a positive outlook on the economics of Iraq through commercial exchange to trade through local currency. That is getting rid of MCPs. A requirement of the IMF. Think about timing, think about large business "Total" for oil, reconstruction, medical facilities, schools, roads, bridges, etc.. All will trade with a local convertible currency with an international rate not a program rate. We know there is a meeting with the IMF (An extension if you will from the SBA meetings in Amman, as of recent.) coming within the next week real close. That meeting based on the news that I see is expected to be on time and about completion of what has been done. The timing of Liberation and the mention among many other things, even about de dollarizing to use local currencies speaks of the end game for the MR to change from in process to being done with the old (000s) and in with the new. imo
10-6-2017 Newshound Guru mike Article "Float the dinar .. or VAT Kodaf oaths" Quote: "Alternative or solution essential is to float the dinar without hesitation to get rid of the waste of millions of dollars a day, where the Central Bank of Iraq helps wasting hard currency at a rate ranging between 10 to 15 million dollars a day from a corrupt process politically likes to talk about, where everyone seems to be a partner or is unaware the risks." ...this puts the kibosh on the whole $1-$3 dollar RV. Floating the dinar outside of Article VIII seems nuts, even under Article VIII Egypt and Yemen lost purchasing power in their respective currencies, what will it do to the dinar?
10-6-2017 Newshound/Intel Guru Mnt Goat Article: "CBI EASED FINANCIAL RESTRICTIONS IMPOSED ON THE KURDISTAN REGION OVER ITS INDEPENDENCE VOTE" Quote: "Iraq’s central bank on Wednesday eased financial restrictions imposed on the Kurdistan region over its independence vote AFTER RECEIVING A PLEDGE OF COOPERATION FROM KURDISH BANKS..." I believe the CBI is exploiting the kickback from the referendum fiasco to get the banking industry in Kurdistan under the reforms (i.e. electronic banking) and to finds way of getting those 3 zero notes (under peoples mattresses) back to the CBI. This is actually turning out all good for us and the RV.
10-6-2017 Newshound Guru MilitiaMan So if we look at the timing of events and the knowledge we have from the plethora of information we have been freely given by many people to use for to find a foundation in our investment that imo is not speculative at all. It is in fact, based on hard data that supports the Iraqi Dinar is by far under valued. We can look at not only natural resources, taxes and tariffs, agriculture, claw back of stolen goods and monies, and to soon be a booming in tourism industry, etc., that supports the value of an international convertible currency at a market rate. The above should give security to those investors even more now. Their money and persons will be safe to move freely! The expectation of Abadi to speak now about full liberation of Iraq is greater than ever before, imo.
10-6-2017 Intel Guru Bruce I am thrilled to say you are in a very good place for this even though we thought we were going to receive this last night [Wednesday]. It didn’t happen. What I understand is late last night countries all around the world all synched in, banks, countries, currencies, all that synched with the computer system...It was something that needed to be done. Now I heard we are in position to go forward. We got a time window, couple of them and highly expected for things to go forward for us. ...Abadi...made a speech...in France where he said that they had reclaim two coastal or border cities on the border with Syria. In terms of what is going on with rates...They keep trading higher. Are they at a point right now that everybody is happy with them? Is the IMF happy with everything? I don’t know. They are quite good. I would say probably they are where they needed to be. We are looking very good to get started. I do believe we are in the right place to get going now.
10-6-2017 Newshound Guru Kaperoni Article: "Float the dinar .. or VAT Kodaf oaths" The IMF can only lead them to water. The Iraqi's have to follow the plan and do it right or they will lose it all. So far, it's not been working out, the next few months will be interesting.
10-5-2017 Newshound Guru Adam Montana [In the past you have mentioned you thought Iraq would stand united. I realize the recent referendum on the Kurd's independence was just that...and nothing can happen with that right away...Long term however, do you see Iraq becoming 3 States?] Long term.... I don't know. I see the RV happening before any split, though...For now, I'm not concerned about them splitting or not... I just want to see this HCL get done.
10-5-2017 Newshound/Intel Guru Mnt Goat Fifth – So did they start the project to delete the zeros in EARLY 2017, as they said they would? OF course they did. Just look at all the work they have done. Why in hell do you think the CBI has published so much news about collecting these older notes and getting them back in circulation. The CBI needs these notes and will quickly take them from the merchants when they come to the currency auctions to by US dollars (so they can pay their foreign remittances to importers). Because of “electronic banking and the ATM cards (SMART cards), these notes “WILL NEVER” go back into circulation. So this 5th point I make is part of the 4th point as they are all interconnected. I quote from the article again - ” this period (meaning the 10 years they referred to) 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.” Is this not exactly what they are now doing? [post 3 of 3]
10-5-2017 Newshound Guru Adam Montana [Wondering if there is any chance that we could get burned and our current dinars be worthless?] There is always a "chance", but it's a very slim one at this point. I can't say "absolutely not", but it's the furthest possibility we have, in my opinion.
10-5-2017 Newshound Guru Adam Montana [If the Dinar is on par to King Dollar why do we look at Brent crude prices instead of WTI? While King Dollar was @ 1.03 - 1.05 for a few months can that be considered the 2% spread for 90 days.] I think it's simplest to summarize that WTI is a localized (to the US) designation, and Brent is more of a global term. Although the Dinar is currently "pegged" to the dollar, it is a separate currency that is not tied to US oil production. They could easily leave the USD peg and fix their currency to anything they want, but there will always be a calculation to determine how many dollars an IQD is, regardless of if we're looking at Brent, WTI, or the price of tea in china.
10-5-2017 Newshound/Intel Guru Mnt Goat Third – Just recently I heard a very discouraged person...asked what made us so sure they would not play a game with us investors and do a lop...This is of course...wrong. This article is proof of this FACT. I quote from the article –“ THE NEW CURRENCY ENTRY DOES NOT MEAN THE DESTRUCTION OF ANCIENT COINS, BUT WILL CONTINUE TO TRADE FOR ABOUT TEN YEARS”. Remember these article are not so much for us investors outside of Iraq, as they are for citizens in country. Fourth – My 4th point is backed up by my 3rd point in that they need to launch a “new currency” and it is what will coincide with the older 3 zero notes and I quote again “FOR ABOUT TEN YEARS”. So the newer notes are real and will be launched prior to the rate change. Remember too in 2015 we have proof they were going to RV since they began launching the $50 dinar notes. Why would they launch something that is worth less than a nickle (5 cents). ...I assure you they have a plan and are executing it. [post 2 of 3....stay tuned]
10-5-2017 Newshound/Intel Guru Mnt Goat A blast from the past: Article: November 7, 2016..."CENTRAL BANK: DELETE 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." First...they did not tell us they were going to Revalue or Reinstate their currency in EARLY 2017...So everyone is anticipating something that never really was even supposed to occur. Second-They are telling us the purpose of the project to delete the zeros. I quote – “THE PURPOSE OF DELETING THREE ZEROS FROM THE IRAQI CURRENCY IS TO SUPPORT THE IRAQI DINAR AND MAKE IT A COMPETITOR OF FOREIGN CURRENCY”. So when they get to a certain point in this project they will be international. How can they go international with the rate they now have? How would this 1182 rate be “competitive? [post 1 of 3....stay tuned]
10-5-2017 Newshound Guru Adam Montana ...guess which country is popping up in the headlines more and more over the last 7 days? If you said Kuwait, *ding ding!* I've got a cookie for you! ...although Kuwait isn't directly saying "let's get ready for the New Iraq", they are certainly on board. Kuwait is a major influence in the Middle East, and a higher IQD won't hurt them one bit. In fact, their support through that transition will only serve to make Iraq a strong ally, so it's in their interest to support Iraq through an RV. I like what I'm seeing from Kuwait right now.
10-5-2017 Intel Guru Delta URGENT FROM IRAQI TV: PM ABADI ANNOUNCED FROM FRANCE THE LIBERATION OF CITY OF HAWIJA FROM DAASH.
10-5-2017 Newshound Guru Adam Montana Former Iraqi President Talabani has passed away, and a week of mourning has been called. I don't see anything major on the HCL for this next week, BUT... the so called "Referendum for Independence" seems to have come and gone, and is no longer an issue, which is exactly how I figured it would go. In fact, it seems things are moving even more smoothly than I anticipated! Abadi and Crew are making very positive moves towards resolving Article 140 in an amicable way, while at the same time giving the Kurds very strong reason to believe they are going to be treated fairly. This is great incentive to move on the HCL, and of course, RV! I am VERY encouraged! With that all said, I really think we're at a point where things are moving solidly in the right direction. The question of "when?" is still on the table, as always... but it's pretty undeniable that we're moving!
10-5-2017 Newshound/Intel Guru Mnt Goat Article: "Project to reform the payroll payment mechanism employees of institutions and State departments" Quote: "The project aims to pay salaries to state employees through cards issued by banks operating in Iraq and aims to reduce the total cost of the process of paying salaries AND KEEPING CASH IN THE BANKING SYSTEM." Folks this is not new news... But it is still wonderful and WOW news. This is the project to delete the zeros in the making and ya gotta luv it. It is exactly what we want to hear.
10-5-2017 Newshound/Intel Guru Mnt Goat Fifth – So did they start the project to delete the zeros in EARLY 2017, as they said they would? OF course they did. Just look at all the work they have done. Why in hell do you think the CBI has published so much news about collecting these older notes and getting them back in circulation. The CBI needs these notes and will quickly take them from the merchants when they come to the currency auctions to by US dollars (so they can pay their foreign remittances to importers). Because of “electronic banking and the ATM cards (SMART cards), these notes “WILL NEVER” go back into circulation. So this 5th point I make is part of the 4th point as they are all interconnected. I quote from the article again - ” this period (meaning the 10 years they referred to) 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.” Is this not exactly what they are now doing? [post 3 of 3]
10-5-2017 Newshound Guru Adam Montana [Wondering if there is any chance that we could get burned and our current dinars be worthless?] There is always a "chance", but it's a very slim one at this point. I can't say "absolutely not", but it's the furthest possibility we have, in my opinion.
10-5-2017 Newshound Guru Adam Montana [If the Dinar is on par to King Dollar why do we look at Brent crude prices instead of WTI? While King Dollar was @ 1.03 - 1.05 for a few months can that be considered the 2% spread for 90 days.] I think it's simplest to summarize that WTI is a localized (to the US) designation, and Brent is more of a global term. Although the Dinar is currently "pegged" to the dollar, it is a separate currency that is not tied to US oil production. They could easily leave the USD peg and fix their currency to anything they want, but there will always be a calculation to determine how many dollars an IQD is, regardless of if we're looking at Brent, WTI, or the price of tea in china.
10-5-2017 Newshound/Intel Guru Mnt Goat Third – Just recently I heard a very discouraged person...asked what made us so sure they would not play a game with us investors and do a lop...This is of course...wrong. This article is proof of this FACT. I quote from the article –“ THE NEW CURRENCY ENTRY DOES NOT MEAN THE DESTRUCTION OF ANCIENT COINS, BUT WILL CONTINUE TO TRADE FOR ABOUT TEN YEARS”. Remember these article are not so much for us investors outside of Iraq, as they are for citizens in country. Fourth – My 4th point is backed up by my 3rd point in that they need to launch a “new currency” and it is what will coincide with the older 3 zero notes and I quote again “FOR ABOUT TEN YEARS”. So the newer notes are real and will be launched prior to the rate change. Remember too in 2015 we have proof they were going to RV since they began launching the $50 dinar notes. Why would they launch something that is worth less than a nickle (5 cents). ...I assure you they have a plan and are executing it. [post 2 of 3....stay tuned]
10-5-2017 Newshound/Intel Guru Mnt Goat A blast from the past: Article: November 7, 2016..."CENTRAL BANK: DELETE 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." First...they did not tell us they were going to Revalue or Reinstate their currency in EARLY 2017...So everyone is anticipating something that never really was even supposed to occur. Second-They are telling us the purpose of the project to delete the zeros. I quote – “THE PURPOSE OF DELETING THREE ZEROS FROM THE IRAQI CURRENCY IS TO SUPPORT THE IRAQI DINAR AND MAKE IT A COMPETITOR OF FOREIGN CURRENCY”. So when they get to a certain point in this project they will be international. How can they go international with the rate they now have? How would this 1182 rate be “competitive? [post 1 of 3....stay tuned]
10-5-2017 Newshound Guru Adam Montana ...guess which country is popping up in the headlines more and more over the last 7 days? If you said Kuwait, *ding ding!* I've got a cookie for you! ...although Kuwait isn't directly saying "let's get ready for the New Iraq", they are certainly on board. Kuwait is a major influence in the Middle East, and a higher IQD won't hurt them one bit. In fact, their support through that transition will only serve to make Iraq a strong ally, so it's in their interest to support Iraq through an RV. I like what I'm seeing from Kuwait right now.
10-5-2017 Intel Guru Delta URGENT FROM IRAQI TV: PM ABADI ANNOUNCED FROM FRANCE THE LIBERATION OF CITY OF HAWIJA FROM DAASH.
10-5-2017 Newshound Guru Adam Montana Former Iraqi President Talabani has passed away, and a week of mourning has been called. I don't see anything major on the HCL for this next week, BUT... the so called "Referendum for Independence" seems to have come and gone, and is no longer an issue, which is exactly how I figured it would go. In fact, it seems things are moving even more smoothly than I anticipated! Abadi and Crew are making very positive moves towards resolving Article 140 in an amicable way, while at the same time giving the Kurds very strong reason to believe they are going to be treated fairly. This is great incentive to move on the HCL, and of course, RV! I am VERY encouraged! With that all said, I really think we're at a point where things are moving solidly in the right direction. The question of "when?" is still on the table, as always... but it's pretty undeniable that we're moving!
10-5-2017 Newshound/Intel Guru Mnt Goat Article: "Project to reform the payroll payment mechanism employees of institutions and State departments" Quote: "The project aims to pay salaries to state employees through cards issued by banks operating in Iraq and aims to reduce the total cost of the process of paying salaries AND KEEPING CASH IN THE BANKING SYSTEM." Folks this is not new news... But it is still wonderful and WOW news. This is the project to delete the zeros in the making and ya gotta luv it. It is exactly what we want to hear.
10-4-2017 Intel Guru Dr. Clarke We have only ONE thing left to say: OCTOBER, OCTOBER, OCTOBER, OCTOBER, OCTOBER. That's It.
10-4-17 Intel Guru RayRen98 If you are following the politics of Iraq, you’re probably saying, “This isn’t going to happen, it’s going to take forever…” Even PM Abadi said yesterday that the full economic reform will be completed at the end of November along with national reconciliation. Don’t believe everything you hear! All that glitters is not gold; the flip side is that not all news is bad news. Rate changes are in effect and moving ever upwards...rates being seen on the screen – live although we cannot do transactions yet, at $3.40 to $3.70, as expected... In at least two states there are visible rates on the screen, or so it has been reported to me. The banking industry...are on standby – on call – to be available at a moment’s notice. All we are waiting for the green light, for the banks to say “come on down”.
10-4-2017 Intel Guru Bruce WE ARE POSITIVE OUR RELEASE IS THIS WEEK...WE ARE IN A REALLY GOOD PLACE TO MOVE FORWARD IN RV RELEASE. IRAQ: THE PARLIAMENT OF IRAQ DID VOTE ON THINGS THAT ARE VERY VERY IMPORTANT FOR THE RELEASE OF THE DINAR RV INTERNATIONAL RATE. SOMEONE TEXTED...THAT THE RAFADAIN BANK IN IRAQ WHO HAS A 10:30 AM IRAQ TIME WED 10/4 TO EXCHANGE IN A RAFADAIN/CHASE BANK...IRAQ TIME. FOREX HAD BEEN SHUT DOWN FOR 24 HOURS--HAD BEEN STATIC FOR ABOUT A DAY--COULD MEAN THEY ARE READY TO DROP IN THE NEW RV RATES. NON-NDA INTERNATIONAL SCREEN RATES ON BACK SCREENS ARE EXTREMELY GOOD, VERY HIGH. THE PROXIMITY IS VERY CLOSE FOR THIS RV RELEASE TO US FOR OUR INTERNET GROUP EXCHANGES TO START---WE ARE POSITIVE THE RELEASE IS THIS WEEK...
10-4-2017 Newshound/Intel Guru BGG President Talabani has passed away...it's official this time. For all of those upset about the Kurdish referendum... Fitch came out and said it's not going to impact their credit or their economy or their functionality...the referendum doesn't matter that much. Fitch's exact words: "Iraq's economy or classification will not be affected by the referendum." I'm still very bullish on the currency as an investment...don't see anything that points in any other direction other than that.
10-4-2017 Intel Guru ADMINBILL I AM HEARING THAT THE ACTIVITIES WE ARE LOOKING FOR MAY BEGIN UNEXPECTEDLY THIS QUARTER. I AM EXPANDING THE WINDOW TO THIS QUARTER WITH THE HOPE IT IS MUCH SOONER.
10-4-2017 Newshound Guru chattels INcreasingly my sense is that Kurdistan must make some face saving retreat from the Referendum. It may give Abadi a "victory" that he needs to prevail in the elections in 2018 and put off Maliki's influence. We shall see. Tune in later for another episode of "Days of Our Lives in Iraq"...
10-4-2017 Intel/Newshound Guru payray As was mentioned in an earlier article, some very important people are confident that this referendum situation will not hinder the progress being made...Business as usual is the call... In fact...this situation with the Kurds is an opportunity for Abadi to show that he can be trusted... In that despite the Kurd's voting for independence, Baghdad wants unity, and in fact is going to pay the Kurd's their fair share.... Their salaries are still going to be paid in a few days as was declared in an article yesterday... No reason to be discouraged folks... But encouraged by what is going on... [post 2 of 2]
10-4-2017 Intel/Newshound Guru payray Article: "What’s stopping development?" Quote: "The country has large potential for further oil field development and as such more proven reserves may not have yet been discovered, but Iraq is hampered by high levels of corruption keeping it from moving forward with robust economic aganda." ...There has been much progress made in that area, and the IMF does seem to be pleased with what has been accomplished so far as well... Other countries are pleased with their progress as well, and have invested quite a bit of money into this country... They are not doing it out of the goodness of their own hearts either... There is certainly something they are expecting in return for their loans, grants, and overall investments in Iraq... [post 1 of 2....stay tuned]
10-4-2017 Newshound Guru G-Lin Article: "Iraqi parliament reveals new sanctions for the Kurdistan region" Quote: "...in addition to a package of resolutions, notably the suspension of the sale of the dollar to the region, government and private banks, as well as a lawsuit against four companies." [...why suspend the sale of dollars to Kurdistan?] I'm not real sure about their thinking on this...In an art. posted a few days ago it stated that Kurdistan has 30% of the hard currency in their banks. Also the CBI said they will not stop selling the dollar in Kurdistan. So who has the final word? Independent CBI or Minister of Finance in Parl.? It seems that this move would cut Iraq's nose off to spite it's face. It will affect them too. Economist say this is a bad idea. As usual, we shall see how this plays out.
10-4-17 Intel Guru RayRen98 If you are following the politics of Iraq, you’re probably saying, “This isn’t going to happen, it’s going to take forever…” Even PM Abadi said yesterday that the full economic reform will be completed at the end of November along with national reconciliation. Don’t believe everything you hear! All that glitters is not gold; the flip side is that not all news is bad news. Rate changes are in effect and moving ever upwards...rates being seen on the screen – live although we cannot do transactions yet, at $3.40 to $3.70, as expected... In at least two states there are visible rates on the screen, or so it has been reported to me. The banking industry...are on standby – on call – to be available at a moment’s notice. All we are waiting for the green light, for the banks to say “come on down”.
10-4-2017 Intel Guru Bruce WE ARE POSITIVE OUR RELEASE IS THIS WEEK...WE ARE IN A REALLY GOOD PLACE TO MOVE FORWARD IN RV RELEASE. IRAQ: THE PARLIAMENT OF IRAQ DID VOTE ON THINGS THAT ARE VERY VERY IMPORTANT FOR THE RELEASE OF THE DINAR RV INTERNATIONAL RATE. SOMEONE TEXTED...THAT THE RAFADAIN BANK IN IRAQ WHO HAS A 10:30 AM IRAQ TIME WED 10/4 TO EXCHANGE IN A RAFADAIN/CHASE BANK...IRAQ TIME. FOREX HAD BEEN SHUT DOWN FOR 24 HOURS--HAD BEEN STATIC FOR ABOUT A DAY--COULD MEAN THEY ARE READY TO DROP IN THE NEW RV RATES. NON-NDA INTERNATIONAL SCREEN RATES ON BACK SCREENS ARE EXTREMELY GOOD, VERY HIGH. THE PROXIMITY IS VERY CLOSE FOR THIS RV RELEASE TO US FOR OUR INTERNET GROUP EXCHANGES TO START---WE ARE POSITIVE THE RELEASE IS THIS WEEK...
10-4-2017 Newshound/Intel Guru BGG President Talabani has passed away...it's official this time. For all of those upset about the Kurdish referendum... Fitch came out and said it's not going to impact their credit or their economy or their functionality...the referendum doesn't matter that much. Fitch's exact words: "Iraq's economy or classification will not be affected by the referendum." I'm still very bullish on the currency as an investment...don't see anything that points in any other direction other than that.
10-4-2017 Intel Guru ADMINBILL I AM HEARING THAT THE ACTIVITIES WE ARE LOOKING FOR MAY BEGIN UNEXPECTEDLY THIS QUARTER. I AM EXPANDING THE WINDOW TO THIS QUARTER WITH THE HOPE IT IS MUCH SOONER.
10-4-2017 Newshound Guru chattels INcreasingly my sense is that Kurdistan must make some face saving retreat from the Referendum. It may give Abadi a "victory" that he needs to prevail in the elections in 2018 and put off Maliki's influence. We shall see. Tune in later for another episode of "Days of Our Lives in Iraq"...
10-4-2017 Intel/Newshound Guru payray As was mentioned in an earlier article, some very important people are confident that this referendum situation will not hinder the progress being made...Business as usual is the call... In fact...this situation with the Kurds is an opportunity for Abadi to show that he can be trusted... In that despite the Kurd's voting for independence, Baghdad wants unity, and in fact is going to pay the Kurd's their fair share.... Their salaries are still going to be paid in a few days as was declared in an article yesterday... No reason to be discouraged folks... But encouraged by what is going on... [post 2 of 2]
10-4-2017 Intel/Newshound Guru payray Article: "What’s stopping development?" Quote: "The country has large potential for further oil field development and as such more proven reserves may not have yet been discovered, but Iraq is hampered by high levels of corruption keeping it from moving forward with robust economic aganda." ...There has been much progress made in that area, and the IMF does seem to be pleased with what has been accomplished so far as well... Other countries are pleased with their progress as well, and have invested quite a bit of money into this country... They are not doing it out of the goodness of their own hearts either... There is certainly something they are expecting in return for their loans, grants, and overall investments in Iraq... [post 1 of 2....stay tuned]
10-4-2017 Newshound Guru G-Lin Article: "Iraqi parliament reveals new sanctions for the Kurdistan region" Quote: "...in addition to a package of resolutions, notably the suspension of the sale of the dollar to the region, government and private banks, as well as a lawsuit against four companies." [...why suspend the sale of dollars to Kurdistan?] I'm not real sure about their thinking on this...In an art. posted a few days ago it stated that Kurdistan has 30% of the hard currency in their banks. Also the CBI said they will not stop selling the dollar in Kurdistan. So who has the final word? Independent CBI or Minister of Finance in Parl.? It seems that this move would cut Iraq's nose off to spite it's face. It will affect them too. Economist say this is a bad idea. As usual, we shall see how this plays out.
10-3-2017 Intel/Newshound Guru payray Article: "Three transactions in the stock market achieved ten billion dinars" I am not into the stock market, but this is certainly a positive article.. Despite the referendum, and Isis crisis, investors outside of Iraq are showing confidence in Iraq... Good stuff...
10-3-2017 Newshound Guru chattels [...i have been hearing these rumors for awhile, about how basically the RV button is ready and waiting for specifically US to push the button, and that it doesnt matter if GOI is ready or not. Is it true that other nations or governments are the ones behind when there will be a RV on the dinar?] No one knows for certain. My belief is that any rate must be accepted / valued by the world economic community. So, the valuation of the IQD is not a unilateral act by Iraq. What will any country exchange their currency for " equivalent " dinar ? The US being the world's reserve country, it may be very important what value the US places upon the dinar, but as to any "button"?
10-3-2017 Newshound/Intel Guru Mnt Goat Then we know the last SBA review by the IMF is in December, then we know they need to get the remaining of the 2/3 of the older 3 zero notes out of circulation and we watch for how they are going to do this. Then we know the “full” electronic banking goes into force on January 1st. So no more large sums of notes getting recycled back into the economy once taken in by the CBI (via currency auctions). So there will be NO every day / any day RV scenario now. We will know when they are ready because they will tell us. We have also not seen the level of re-education the CBI promised had to happen prior. No guessing.) The CBI still needs to switch Kurdistan salaries over to electronic banking. This will probably be a part of the Article 140 negotiations too (or slipped in there somehow). So what does this all tell you for a possible next attempt at an RV? [post 2 of 2]
10-3-2017 Newshound/Intel Guru Mnt Goat Article: "RAFIDAIN ANNOUNCES THE PAYMENT OF SALARIES OF EMPLOYEES OF TWO UNIVERSITIES AND SEVERAL DEPARTMENTS ELECTRONIC PAYMENT" Everyone needs to look at this article as if the Iraqi finance committee and the CBI are beating their breast and boasting about the progress they have made in the direction of getting 100% complete electronic payments to “all” government payouts by December 2017 – pensions, salaries, retirements, etc. To me this is yet another sign that I would not even expect anything for an RV until at least very EARLY 2018 and probably in January timeframe. Am I telling you a date – NO! but based on what they are doing and time lines for other events along with the past times when we know they did tell us they tried to RV and it was postponed, we know January was their timeframe for each of these 4 past attempts. They...told us they do not expect ISIS to be completed until November (I believe ISIS will be done in a week or two at most). [post 1 of 2....stay tuned]
10-3-2017 Intel Guru Frank26 [via JesusLovesBaseball & Gigi813] 4 THINGS ARE COMING TO A GALVANIZING COLLISION IN THIS MONTH BECAUSE IMO... ALL 4 HAVE A GREEN LIGHT! THE 4 THINGS OUTSIDE THE ROADS HAVE ALREADY BEEN ACCOMPLISHED IMO: LIFTING OF THE 3 ZEROS; E-SALARIES; ATM'S; ANNOUNCEMENT OF THE LIBERATION OF MOSUL. ...those events that are still in motion are traveling along their designated paths ... due to collide at any moment!
10-3-2017 Intel/Newshound Guru payray They continue with business as usual despite the crisis, as well as it concerns the completion of the enormous economic project in Iraq.... And I agree with the fact that this is not just going to come out at 1 to 1... But seems to be being set up to come out at a rate that will put a big smile on everyone's face... They can afford to do it as they have touted the wealth that their country has during this past year... Show us through the increase in the currency that will come to be international in the near future... [post 2 of 2]
10-3-2017 Intel/Newshound Guru payray I have had no doubts about this occurring... In fact the events of last week only heightened my excitement of it occurring in the near future.. Orchestrated for what could be a number of reasons... To bring down Barzani possibly... Could he have been a hindrance to the monetary reform transpiring, and thought that this would play into his hands as the world would come to the Kurds aid with a sympathetic tone... While the Kurds want independence at some point, I believe many also want to make sure it will be done in a peaceful fashion without having to go to war... They have seen the progress being made within Iraq, and how Abadi could very well be the one who actually fulfills the agreements made between all 3 factions within Iraq... This being the Kurdish people, the Sunni's, and Shia's... [post 1 of 2....stay tuned]
10-3-2017 Intel Guru RayRen98 [What confidence, if any, do you have that we will be exchanging in October...? With Kurdistan populace so overwhelmingly in favor of becoming independent from GOI, is there any chance for a united Iraq?] Sure, there is a chance for a united Iraq, and more than likely that is what will happen once they settle their little issues. If the rest of the world tells them to settle those issues, they’ll have no choice. As for the rest of the October, if the banks do what they are saying, then there is a very good chance of this going in October. According to what agencies are saying, the Iraqi-Kurdish issues don’t necessary affect the revaluation of their currencies. [Do you believe This could finally be our Week...?] The information indicates this could be our week. [Any key October back wall dates?] No. It can go any day.
10-3-2017 Newshound/Intel Guru Mnt Goat ...it appears Vice president Nori al-Maliki is going to make every attempt to exploit the Kurdish referendum to use it to his advantage to get back into a more powerful position in the GOI. We have already witnessed false news media reports exaggerating the impacts of the referendum. He loves chaos and thrives on it to create disorder. ...We know from history this guy is ruthless and will do anything for power. We also heard last week he instigated movement to replace president Masum (a Kurdish position) with himself as president of Iraq.
10-3-2017 Newshound Guru chattels [...i have been hearing these rumors for awhile, about how basically the RV button is ready and waiting for specifically US to push the button, and that it doesnt matter if GOI is ready or not. Is it true that other nations or governments are the ones behind when there will be a RV on the dinar?] No one knows for certain. My belief is that any rate must be accepted / valued by the world economic community. So, the valuation of the IQD is not a unilateral act by Iraq. What will any country exchange their currency for " equivalent " dinar ? The US being the world's reserve country, it may be very important what value the US places upon the dinar, but as to any "button"?
10-3-2017 Newshound/Intel Guru Mnt Goat Then we know the last SBA review by the IMF is in December, then we know they need to get the remaining of the 2/3 of the older 3 zero notes out of circulation and we watch for how they are going to do this. Then we know the “full” electronic banking goes into force on January 1st. So no more large sums of notes getting recycled back into the economy once taken in by the CBI (via currency auctions). So there will be NO every day / any day RV scenario now. We will know when they are ready because they will tell us. We have also not seen the level of re-education the CBI promised had to happen prior. No guessing.) The CBI still needs to switch Kurdistan salaries over to electronic banking. This will probably be a part of the Article 140 negotiations too (or slipped in there somehow). So what does this all tell you for a possible next attempt at an RV? [post 2 of 2]
10-3-2017 Newshound/Intel Guru Mnt Goat Article: "RAFIDAIN ANNOUNCES THE PAYMENT OF SALARIES OF EMPLOYEES OF TWO UNIVERSITIES AND SEVERAL DEPARTMENTS ELECTRONIC PAYMENT" Everyone needs to look at this article as if the Iraqi finance committee and the CBI are beating their breast and boasting about the progress they have made in the direction of getting 100% complete electronic payments to “all” government payouts by December 2017 – pensions, salaries, retirements, etc. To me this is yet another sign that I would not even expect anything for an RV until at least very EARLY 2018 and probably in January timeframe. Am I telling you a date – NO! but based on what they are doing and time lines for other events along with the past times when we know they did tell us they tried to RV and it was postponed, we know January was their timeframe for each of these 4 past attempts. They...told us they do not expect ISIS to be completed until November (I believe ISIS will be done in a week or two at most). [post 1 of 2....stay tuned]
10-3-2017 Intel Guru Frank26 [via JesusLovesBaseball & Gigi813] 4 THINGS ARE COMING TO A GALVANIZING COLLISION IN THIS MONTH BECAUSE IMO... ALL 4 HAVE A GREEN LIGHT! THE 4 THINGS OUTSIDE THE ROADS HAVE ALREADY BEEN ACCOMPLISHED IMO: LIFTING OF THE 3 ZEROS; E-SALARIES; ATM'S; ANNOUNCEMENT OF THE LIBERATION OF MOSUL. ...those events that are still in motion are traveling along their designated paths ... due to collide at any moment!
10-3-2017 Intel/Newshound Guru payray They continue with business as usual despite the crisis, as well as it concerns the completion of the enormous economic project in Iraq.... And I agree with the fact that this is not just going to come out at 1 to 1... But seems to be being set up to come out at a rate that will put a big smile on everyone's face... They can afford to do it as they have touted the wealth that their country has during this past year... Show us through the increase in the currency that will come to be international in the near future... [post 2 of 2]
10-3-2017 Intel/Newshound Guru payray I have had no doubts about this occurring... In fact the events of last week only heightened my excitement of it occurring in the near future.. Orchestrated for what could be a number of reasons... To bring down Barzani possibly... Could he have been a hindrance to the monetary reform transpiring, and thought that this would play into his hands as the world would come to the Kurds aid with a sympathetic tone... While the Kurds want independence at some point, I believe many also want to make sure it will be done in a peaceful fashion without having to go to war... They have seen the progress being made within Iraq, and how Abadi could very well be the one who actually fulfills the agreements made between all 3 factions within Iraq... This being the Kurdish people, the Sunni's, and Shia's... [post 1 of 2....stay tuned]
10-3-2017 Intel Guru RayRen98 [What confidence, if any, do you have that we will be exchanging in October...? With Kurdistan populace so overwhelmingly in favor of becoming independent from GOI, is there any chance for a united Iraq?] Sure, there is a chance for a united Iraq, and more than likely that is what will happen once they settle their little issues. If the rest of the world tells them to settle those issues, they’ll have no choice. As for the rest of the October, if the banks do what they are saying, then there is a very good chance of this going in October. According to what agencies are saying, the Iraqi-Kurdish issues don’t necessary affect the revaluation of their currencies. [Do you believe This could finally be our Week...?] The information indicates this could be our week. [Any key October back wall dates?] No. It can go any day.
10-3-2017 Newshound/Intel Guru Mnt Goat ...it appears Vice president Nori al-Maliki is going to make every attempt to exploit the Kurdish referendum to use it to his advantage to get back into a more powerful position in the GOI. We have already witnessed false news media reports exaggerating the impacts of the referendum. He loves chaos and thrives on it to create disorder. ...We know from history this guy is ruthless and will do anything for power. We also heard last week he instigated movement to replace president Masum (a Kurdish position) with himself as president of Iraq.
10-2-2017 Newshound/Intel Guru BGG This is a key phrase: “…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." This was published in early Nov, 2016. Obviously, it is easy to see why there was so much excitement over the “first part” of 2017. BECAUSE THEY SAID SO…However, there now seems to be have been more to the story... Another reason to repost and reflect on this, they have said nothing contradictory since. They are obviously not “on schedule” but they are not denying it either. [post 2 of 2]
10-2-2017 Newshound/Intel Guru BGG Article: "CENTRAL BANK: DELETE ZEROS IN EARLY 2017" "November 7, 2016" 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." This says they have already began to develop the first steps – indicating they are into the process (in late 2016). This would imply they are further along today… and likely many of the AML, electronic banking and international banking interactions are leading up to the implementation of this project. [post 1 of 2....stay tuned]
10-2-2017 Newshound/Intel Guru Mnt Goat UPDATE ON THE FIGHT AGAINST ISIS IN HAWIJA: I am being told that the territory of Hawija is 50% cleared of ISIS and Friday morning Iraqi security forces launched the second stage of operations to liberate Hawija and surrounding areas. If they continue this progress even since last Sunday, it is my “opinion” it may not take more than a week or two longer to clean it all up. Again this is just my observation. Let’s see how it all plays out. We must wait for this removal of ISIS prior to any progress or advancement in the “project to delete the zeros”. This will be our earliest chance of any RV. We all should know by now this project is what is going to get us the RV. So hang in there...its coming...
10-2-2017 Newshound Guru MilitiaMan Article: "Re-opening of Rafidain Bank in Fallujah for the first time in three years" Looks like things are falling in place in a timely manner.
10-2-2017 Intel Guru RayRen98 ...If you’ve been keeping up with the news, you probably know about the political unrest between Baghdad and Kurdistan. ON the plus side, the Rafi Bank says that thousands have been paid on the Smart Cards, and more will be paid today. That was not at the new rates, but using the news system. Maybe when they have paid everyone, then they will change the rates. An awareness campaign has been taken place over there letting them know about the rate change, so maybe it’s appropriate time to do this rate change, i.e., after the pay session. Then they will know well in advance that their next pay will be considerably lower (but higher value).
10-2-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Iraqi authorities and IMF staff started discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 13–15, 2017 in Washington, DC." We are seeing that as far as the IMF is concerned Al-Allaq is still an “acting” or proxy governor of the CBI. So Iraq has not yet have a permanent governor in that position. We also know there is only one review remaining from the IMF on the current SBA. They are telling us they will take their findings from this 3rd review back to Washington DC and continue discussions on the progress of the country. I am being told these discussions will include dialogue on currency reform. So this is all excellent news. Are they getting ready to “pull the trigger” or at least seriously going to reconsider a target date once again?
10-2-2017 Intel/Newshound Guru payray Article: "State of Kurdistan" will be the seventh richest oil and gas country in the world" Sometimes it is best not to disclose your assets to the outside world... Especially when you are surrounded by enemies... Even more importantly, since you have a crisis... I believe this whole situation was handled irresponsibly by Barzani simply because of the progress that was being made within Iraq as it concerned reconciliation with their fellow Iraqi's... This does not make any sense in so many ways... Which again leads me to believe something else is going on... Barzani is smarter than this... Why now, and why would he do this at the very time when when economic conditions were about to vastly improve for all of Iraq with the completion of monetary reform... Unless?......
10-2-2017 Intel/Newshound Guru tman23 ...Iraq is at a crossroad and they must choose one... International reconstruction set to begin start of 2018... nobody is coming with these problems and Iraq needs an economy boost or they are doomed... Either way, your emotional ride will be over soon... we will know by Oct 8th when money moves...
10-2-2017 Intel Guru Dr. Clarke [What is the reality of a real public exchange? Might they actually only do this in a private setting, such as a by appointment, exchange center, or private group?] NO! Totally Public, Big Time. [...you mentioned the "beginning" will we be able to see any change? Or will it be behind the scenes. Do you think it will be at the end of October , you mention the first three weeks?] Hang On...you won't miss this one! ...we do LOVE October. You will too.
10-2-2017 Newshound/Intel Guru BGG Article: "CENTRAL BANK: DELETE ZEROS IN EARLY 2017" "November 7, 2016" 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." This says they have already began to develop the first steps – indicating they are into the process (in late 2016). This would imply they are further along today… and likely many of the AML, electronic banking and international banking interactions are leading up to the implementation of this project. [post 1 of 2....stay tuned]
10-2-2017 Newshound/Intel Guru Mnt Goat UPDATE ON THE FIGHT AGAINST ISIS IN HAWIJA: I am being told that the territory of Hawija is 50% cleared of ISIS and Friday morning Iraqi security forces launched the second stage of operations to liberate Hawija and surrounding areas. If they continue this progress even since last Sunday, it is my “opinion” it may not take more than a week or two longer to clean it all up. Again this is just my observation. Let’s see how it all plays out. We must wait for this removal of ISIS prior to any progress or advancement in the “project to delete the zeros”. This will be our earliest chance of any RV. We all should know by now this project is what is going to get us the RV. So hang in there...its coming...
10-2-2017 Newshound Guru MilitiaMan Article: "Re-opening of Rafidain Bank in Fallujah for the first time in three years" Looks like things are falling in place in a timely manner.
10-2-2017 Intel Guru RayRen98 ...If you’ve been keeping up with the news, you probably know about the political unrest between Baghdad and Kurdistan. ON the plus side, the Rafi Bank says that thousands have been paid on the Smart Cards, and more will be paid today. That was not at the new rates, but using the news system. Maybe when they have paid everyone, then they will change the rates. An awareness campaign has been taken place over there letting them know about the rate change, so maybe it’s appropriate time to do this rate change, i.e., after the pay session. Then they will know well in advance that their next pay will be considerably lower (but higher value).
10-2-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Iraqi authorities and IMF staff started discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 13–15, 2017 in Washington, DC." We are seeing that as far as the IMF is concerned Al-Allaq is still an “acting” or proxy governor of the CBI. So Iraq has not yet have a permanent governor in that position. We also know there is only one review remaining from the IMF on the current SBA. They are telling us they will take their findings from this 3rd review back to Washington DC and continue discussions on the progress of the country. I am being told these discussions will include dialogue on currency reform. So this is all excellent news. Are they getting ready to “pull the trigger” or at least seriously going to reconsider a target date once again?
10-2-2017 Intel/Newshound Guru payray Article: "State of Kurdistan" will be the seventh richest oil and gas country in the world" Sometimes it is best not to disclose your assets to the outside world... Especially when you are surrounded by enemies... Even more importantly, since you have a crisis... I believe this whole situation was handled irresponsibly by Barzani simply because of the progress that was being made within Iraq as it concerned reconciliation with their fellow Iraqi's... This does not make any sense in so many ways... Which again leads me to believe something else is going on... Barzani is smarter than this... Why now, and why would he do this at the very time when when economic conditions were about to vastly improve for all of Iraq with the completion of monetary reform... Unless?......
10-2-2017 Intel/Newshound Guru tman23 ...Iraq is at a crossroad and they must choose one... International reconstruction set to begin start of 2018... nobody is coming with these problems and Iraq needs an economy boost or they are doomed... Either way, your emotional ride will be over soon... we will know by Oct 8th when money moves...
10-2-2017 Intel Guru Dr. Clarke [What is the reality of a real public exchange? Might they actually only do this in a private setting, such as a by appointment, exchange center, or private group?] NO! Totally Public, Big Time. [...you mentioned the "beginning" will we be able to see any change? Or will it be behind the scenes. Do you think it will be at the end of October , you mention the first three weeks?] Hang On...you won't miss this one! ...we do LOVE October. You will too.
10-1-2017 Newshound Guru Stryker It is worth noting that the CBI has not posted a daily auction for tomorrow (Monday October 2, 2017) and was performed today, as they have been doing but it's also worth noting that today was a holiday in Iraq (Ashoura Day). In the past few months the CBI has held earlier auctions to cover any future holiday but not this time. Just in case I will be up late tonight to see if there is any changes in the IQD from an exotic currency to a hard currency status. [post 2 of 2]
10-1-2017 Newshound Guru Stryker There has been a lack of news this weekend pointing to any possible revaluation of the Iraq dinar for today (October 1, 2017). So for those that are looking for a new rate to be announced today or tomorrow I'm afraid it's just not going to take place until we see that the CBI Law amendments are passed. Our newshounds are watching for Tuesday's parliament agenda publication to confirm that the vote is going to take place then. [post 1 of 2....stay tuned]
10-1-2017 Intel/Newshound Guru payray Article: "Deficit is estimated at 37 trillion dinars ..moisnh 2018 is moving to maximize revenue expectations by delaying approval" [...Why aren't they revalueing their currency so they can get out of this financial madness?...] ...looking at this situation leads me to believe that we are in for a rather large increase in the dinar's value.. IMHO... The timing of this is apparently very significant to those who are controlling this seemingly out of control process... Remember that Franklin D. Roosevelt was quoted as saying: "In politics, nothing happens by accident. If it happens, you can bet it was planned that way." The timing of all of this has been by design... That is why there have been what seems to be delays, and very unwise decisions that have been conveniently made at key times throughout all of this... 14 years in the making...I personally believe we are very close...
10-1-2017 Intel/Newshound Guru payray But whatever is transpiring behind the scenes is not going to stop the monetary reform from its completion... Whether events have been orchestrated or not, we see that preparations have been made for this to happen at any point in time... Inflation is still in check despite the deficit that has been run up by the Iraqi government... Considering what need to be done construction wise within Iraq, and the loans that have to repaid, I am personally looking at a very good rate increase for the dinar... Time will tell... [post 2 of 2]
10-1-2017 Intel/Newshound Guru payray Article: "Baghdad economy continues to escalate: we want oil revenues of Kurdistan" I think it would be pretty safe to say that the Barzani families strangle hold on the government of Kurdistan is coming to a conclusion... At least for the time being... I believe that Abadi wants a unified Iraq... President Barzani has been in office longer than he should have, and I would not be surprised if he was in league with Maliki behind the scenes as they both pilfered the budgets of their respective economies... I do not know this for sure, but it is certainly a possibility considering the timing of this referendum... Which was at a time when all has been going well, and frankly the relationship between the Kurds, and the Baghdad looking pretty good.. Well, at least on the surface... [post 1 of 2....stay tuned]
10-1-2017 Guest Guru BobTheTaxMan …When you get impulsive about doing these things and you end up buying these entities being offered out of Las Vegas or buying into some sort of strategy that actually looks convoluted and has supposed great tax benefits to it you’re stepping into an arena…and you’re setting yourself up and it’s just not worth it. It’s not worth the money. It’s not worth the effort…There are different schemes out there to take your dinar away from you. I’m telling you there are schemes out there set up to take your money now. So don’t buy into any of those. It’s just not worth it… [Post 2 of 2]
10-1-2017 Guest Guru BobTheTaxMan …People in the dinar world have a tendency to wrap themselves up in two energies of emotion that has to do with investments. That’s fear and greed…when the moment comes go ahead and cash in the amount you’re going to need to take care of your immediate needs…give yourself time. A lot of times when that fear and greed come into play you got to hurry hurry hurry hurry don’t do that. Give yourself time. Because as things move forward we’re going to get more information coming from the IRS and other government institutions about this particular event that’s coming our way. So step back and take a breath. Relax ok. Don’t jump. And you’ll be able to put these things [tax strategies] into play and they’ll function the very best for you... [Post 1 of 2]
{The above post should not be considered professional advice and is for informational and entertainment purposes only. Speak with a reputable tax specialist at the appropriate time.}
10-1-2017 Newshound Guru Breitling ...What's the number 1 thing that could delay it [The RV]? It's oil prices going up...If the price per barrel goes up then Iraq can delay the RV coming down the road...what are the windows? It changes. ...I have absolute confidence in the value of the Iraqi dinar. Let's say oil prices go up and it delays it...You have confidence? Yeah, absolutely! 100%. Nothing is going to change that. It's the timing that might deflect it here or there but that's not going to change it. It's simply not going to change it....
10-1-2017 Intel/Newshound Guru tman23 Don't know if October is our month but do know that foreigners are out of Kurdistan in masses...and observers to be placed at the airports...and the travel ban is on until Dec 29th (before the new year)... So the ban is 90 days (I don't know why 90 days and not until further notice unless 90 days is max regarding some law such as Trumps ban goes 90 days and 120 days...) Back in 2004 they released the new currency mid October (15th)...One of the biggest statements put out IMO... "The new currency must come first as a prelude to lifting the 3 zeros from the currency"... For this to take place, Kurdistan was always the biggest question of HOW when the federal government needs to be in control... The CBI has control of the banks now, AND Kurdistan is going on lock down ... SO IMO...you couldn't have a better time if you needed the 3 zeros lifted before the first of the year when RECONSTRUCTION is set to begin... They said...The only time to lift the 3 zeros is at the start of the new year, this is when all the banks fiscal year accounting begins...it cannot be done in the middle of a quarter or the middle of a year...NOT MY WORDS....THEIR WORDS...AND ALSO THE EXACT WORDS OF DR. SHABIBI...
10-1-2017 Newshound Guru Stryker There has been a lack of news this weekend pointing to any possible revaluation of the Iraq dinar for today (October 1, 2017). So for those that are looking for a new rate to be announced today or tomorrow I'm afraid it's just not going to take place until we see that the CBI Law amendments are passed. Our newshounds are watching for Tuesday's parliament agenda publication to confirm that the vote is going to take place then. [post 1 of 2....stay tuned]
10-1-2017 Intel/Newshound Guru payray Article: "Deficit is estimated at 37 trillion dinars ..moisnh 2018 is moving to maximize revenue expectations by delaying approval" [...Why aren't they revalueing their currency so they can get out of this financial madness?...] ...looking at this situation leads me to believe that we are in for a rather large increase in the dinar's value.. IMHO... The timing of this is apparently very significant to those who are controlling this seemingly out of control process... Remember that Franklin D. Roosevelt was quoted as saying: "In politics, nothing happens by accident. If it happens, you can bet it was planned that way." The timing of all of this has been by design... That is why there have been what seems to be delays, and very unwise decisions that have been conveniently made at key times throughout all of this... 14 years in the making...I personally believe we are very close...
10-1-2017 Intel/Newshound Guru payray But whatever is transpiring behind the scenes is not going to stop the monetary reform from its completion... Whether events have been orchestrated or not, we see that preparations have been made for this to happen at any point in time... Inflation is still in check despite the deficit that has been run up by the Iraqi government... Considering what need to be done construction wise within Iraq, and the loans that have to repaid, I am personally looking at a very good rate increase for the dinar... Time will tell... [post 2 of 2]
10-1-2017 Intel/Newshound Guru payray Article: "Baghdad economy continues to escalate: we want oil revenues of Kurdistan" I think it would be pretty safe to say that the Barzani families strangle hold on the government of Kurdistan is coming to a conclusion... At least for the time being... I believe that Abadi wants a unified Iraq... President Barzani has been in office longer than he should have, and I would not be surprised if he was in league with Maliki behind the scenes as they both pilfered the budgets of their respective economies... I do not know this for sure, but it is certainly a possibility considering the timing of this referendum... Which was at a time when all has been going well, and frankly the relationship between the Kurds, and the Baghdad looking pretty good.. Well, at least on the surface... [post 1 of 2....stay tuned]
10-1-2017 Guest Guru BobTheTaxMan …When you get impulsive about doing these things and you end up buying these entities being offered out of Las Vegas or buying into some sort of strategy that actually looks convoluted and has supposed great tax benefits to it you’re stepping into an arena…and you’re setting yourself up and it’s just not worth it. It’s not worth the money. It’s not worth the effort…There are different schemes out there to take your dinar away from you. I’m telling you there are schemes out there set up to take your money now. So don’t buy into any of those. It’s just not worth it… [Post 2 of 2]
10-1-2017 Guest Guru BobTheTaxMan …People in the dinar world have a tendency to wrap themselves up in two energies of emotion that has to do with investments. That’s fear and greed…when the moment comes go ahead and cash in the amount you’re going to need to take care of your immediate needs…give yourself time. A lot of times when that fear and greed come into play you got to hurry hurry hurry hurry don’t do that. Give yourself time. Because as things move forward we’re going to get more information coming from the IRS and other government institutions about this particular event that’s coming our way. So step back and take a breath. Relax ok. Don’t jump. And you’ll be able to put these things [tax strategies] into play and they’ll function the very best for you... [Post 1 of 2]
{The above post should not be considered professional advice and is for informational and entertainment purposes only. Speak with a reputable tax specialist at the appropriate time.}
10-1-2017 Newshound Guru Breitling ...What's the number 1 thing that could delay it [The RV]? It's oil prices going up...If the price per barrel goes up then Iraq can delay the RV coming down the road...what are the windows? It changes. ...I have absolute confidence in the value of the Iraqi dinar. Let's say oil prices go up and it delays it...You have confidence? Yeah, absolutely! 100%. Nothing is going to change that. It's the timing that might deflect it here or there but that's not going to change it. It's simply not going to change it....
10-1-2017 Intel/Newshound Guru tman23 Don't know if October is our month but do know that foreigners are out of Kurdistan in masses...and observers to be placed at the airports...and the travel ban is on until Dec 29th (before the new year)... So the ban is 90 days (I don't know why 90 days and not until further notice unless 90 days is max regarding some law such as Trumps ban goes 90 days and 120 days...) Back in 2004 they released the new currency mid October (15th)...One of the biggest statements put out IMO... "The new currency must come first as a prelude to lifting the 3 zeros from the currency"... For this to take place, Kurdistan was always the biggest question of HOW when the federal government needs to be in control... The CBI has control of the banks now, AND Kurdistan is going on lock down ... SO IMO...you couldn't have a better time if you needed the 3 zeros lifted before the first of the year when RECONSTRUCTION is set to begin... They said...The only time to lift the 3 zeros is at the start of the new year, this is when all the banks fiscal year accounting begins...it cannot be done in the middle of a quarter or the middle of a year...NOT MY WORDS....THEIR WORDS...AND ALSO THE EXACT WORDS OF DR. SHABIBI...
9-30-2017 Newshound Guru Adam Montana [...can GOI pass laws without the Kurds? Say like the HCL?] That's a complex question, but the summary is this: Yes.
9-30-2017 Newshound/Intel Guru Mnt Goat So the vote by the Kurds to break of from Baghdad was overwhelming in favor of this action. But remember this was just a vote to poll the citizens. There is not yet any break off and we have been told this could take as much as year or more to complete. I believe this is now a huge bargaining chip the Kurds can use with Baghdad. What do they want? They want a law to implement Article 140 and HCL (finalized) for their constitution as well as other laws that need to be passed that effect their region.
9-30-2017 Newshound/Intel Guru BGG Article: "Barzani is isolated and lives in a psychological crisis after the referendum" Quote: "A Kurdish source said that the head of the Kurdistan region (outgoing) Massoud Barzani is currently living in a Kurdish internal crisis and international condemnation of the referendum, despite warnings and international rejection." Though this is a pretty serious indictment on his situation, I am skeptical his “ship is sunk”. I agree in this regard though, I don’t think this was exactly the response he had hoped for “post-referendum”…
9-30-2017 Intel/Newshound Guru tman23 [Is there something "magical" contemplated by your date of October 8th or thereabouts?] Yes...very much so...but as to if it involves us being involved is unknown and only I hope...so I remain optimistic with what was heard regarding certain things...but of course I am applying those things into my novel of possibilities...which I try and not embellish upon and keep nuetral ...but certain pieces fit exactly...
9-30-2017 Intel Guru Frank26 [It appears to me that the Kurd Issue is ending up being a Major Issue...Stoping the RI in its tracks.] Nope.
9-30-2017 Newshound/Intel Guru BGG I...remain bullish, in spite of what seems to be a never-ending Gerbil wheel we are on. I feel this way because of several reasons but I have one “bottom line” reason which concerns both the CBI and Iraq.
1) The Central Bank continues to keep this financial boat trim with auctions and such but it comes at a cost. This cost is reducing their reserves.
A) Each day as Iraq spends to rebuild and spends to cover debt it gets worse.
B) I feel there is drop dead “time-frame” for this country. It might be weeks or months. There is no way to know. Further, there is a point at which they will face daily – the choice of bankruptcy or getting off the program rate.
C) Trying to make their play dough work is sapping reserves.
As such, I remain bullish...
9-30-2017 Intel/Newshound Guru payray This Kurdish referendum situation is just too convenient for a variety of reasons... And at this juncture, when so much has been achieved, makes no sense at all to have been done... Barzani is smarter than that... But regardless Abadi knows the referendum does not change a single thing... Poll voting at best... Why bother doing it when the outcome was quite obvious?... Of course the majority of the Kurdish people want independence...Did we need a referendum to determine that?... REALLY?!... It was meaningless in the overall scheme of things...Reading abut Abadi's response, one would think that the Kurd's are in full revolt mode... And nothing could be further from the truth... ...The news is just too darn good from an economic standpoint... No one is pulling out of agreements...Jordan, and Iraq have agreed to share a wide open border which will save time when products are being shipped...We are in standby mode.. Waiting for liftoff...
9-30-2017 Newshound/Intel Guru Mnt Goat ...this Kurdish issue on wanting to succeed is all about Article 140 and them wanting legal legislation to govern this territory over to them, as stated in the new Iraqi constitution. Don’t you find it funny how the GOI still refers to Kirkuk as “disputed” area. The Iraqi constitution clearly states these regions belong o Kurdistan. Its all about oil and the oil in Kirkuk region. Kurdistan wants Article 140 in law and passed in parliament. Will this pressure from the referendum help get this done? [post 2 of 2]
9-30-2017 Newshound/Intel Guru Mnt Goat Seems Iraq goes through one crisis after the other. So now we have to deal with this ongoing saga of the Kurdish referendum...this referendum for Kurdistan to break off from the Republic of Iraq IS A VERY SERIOUS MATTER....I can assure everyone that this is not a “smoke screen” for the RV...Folks it is not about Kurdistan separating that you should be worried about...It is the ramifications and consequences for Kurdistan in trying to separate. All you can do is listen to the FACTS and we all watch just how this plays out in the coming weeks. [post 1 of 2....stay tuned]
9-30-2017 Newshound/Intel Guru Mnt Goat So the vote by the Kurds to break of from Baghdad was overwhelming in favor of this action. But remember this was just a vote to poll the citizens. There is not yet any break off and we have been told this could take as much as year or more to complete. I believe this is now a huge bargaining chip the Kurds can use with Baghdad. What do they want? They want a law to implement Article 140 and HCL (finalized) for their constitution as well as other laws that need to be passed that effect their region.
9-30-2017 Newshound/Intel Guru BGG Article: "Barzani is isolated and lives in a psychological crisis after the referendum" Quote: "A Kurdish source said that the head of the Kurdistan region (outgoing) Massoud Barzani is currently living in a Kurdish internal crisis and international condemnation of the referendum, despite warnings and international rejection." Though this is a pretty serious indictment on his situation, I am skeptical his “ship is sunk”. I agree in this regard though, I don’t think this was exactly the response he had hoped for “post-referendum”…
9-30-2017 Intel/Newshound Guru tman23 [Is there something "magical" contemplated by your date of October 8th or thereabouts?] Yes...very much so...but as to if it involves us being involved is unknown and only I hope...so I remain optimistic with what was heard regarding certain things...but of course I am applying those things into my novel of possibilities...which I try and not embellish upon and keep nuetral ...but certain pieces fit exactly...
9-30-2017 Intel Guru Frank26 [It appears to me that the Kurd Issue is ending up being a Major Issue...Stoping the RI in its tracks.] Nope.
9-30-2017 Newshound/Intel Guru BGG I...remain bullish, in spite of what seems to be a never-ending Gerbil wheel we are on. I feel this way because of several reasons but I have one “bottom line” reason which concerns both the CBI and Iraq.
1) The Central Bank continues to keep this financial boat trim with auctions and such but it comes at a cost. This cost is reducing their reserves.
A) Each day as Iraq spends to rebuild and spends to cover debt it gets worse.
B) I feel there is drop dead “time-frame” for this country. It might be weeks or months. There is no way to know. Further, there is a point at which they will face daily – the choice of bankruptcy or getting off the program rate.
C) Trying to make their play dough work is sapping reserves.
As such, I remain bullish...
9-30-2017 Intel/Newshound Guru payray This Kurdish referendum situation is just too convenient for a variety of reasons... And at this juncture, when so much has been achieved, makes no sense at all to have been done... Barzani is smarter than that... But regardless Abadi knows the referendum does not change a single thing... Poll voting at best... Why bother doing it when the outcome was quite obvious?... Of course the majority of the Kurdish people want independence...Did we need a referendum to determine that?... REALLY?!... It was meaningless in the overall scheme of things...Reading abut Abadi's response, one would think that the Kurd's are in full revolt mode... And nothing could be further from the truth... ...The news is just too darn good from an economic standpoint... No one is pulling out of agreements...Jordan, and Iraq have agreed to share a wide open border which will save time when products are being shipped...We are in standby mode.. Waiting for liftoff...
9-30-2017 Newshound/Intel Guru Mnt Goat ...this Kurdish issue on wanting to succeed is all about Article 140 and them wanting legal legislation to govern this territory over to them, as stated in the new Iraqi constitution. Don’t you find it funny how the GOI still refers to Kirkuk as “disputed” area. The Iraqi constitution clearly states these regions belong o Kurdistan. Its all about oil and the oil in Kirkuk region. Kurdistan wants Article 140 in law and passed in parliament. Will this pressure from the referendum help get this done? [post 2 of 2]
9-30-2017 Newshound/Intel Guru Mnt Goat Seems Iraq goes through one crisis after the other. So now we have to deal with this ongoing saga of the Kurdish referendum...this referendum for Kurdistan to break off from the Republic of Iraq IS A VERY SERIOUS MATTER....I can assure everyone that this is not a “smoke screen” for the RV...Folks it is not about Kurdistan separating that you should be worried about...It is the ramifications and consequences for Kurdistan in trying to separate. All you can do is listen to the FACTS and we all watch just how this plays out in the coming weeks. [post 1 of 2....stay tuned]
9-29-2017 Newshound Guru mike Article "Parliamentary Finance Committee stopped banking and financial dealings with the Kurdistan Region" Well, on the good side the rate was already 1257-1, it's only raised 18 pips. The infighting is similar to what Yemen is going through and the government decided to float the riyal... No one wants the dinar to float without Article VIII but this rift may be the catalyst to a tough decision due to shrinking reserves. It's the little people who take it on the chin with this move. But, there's only so much time left on the clock for these guys and they have get the ball moving now, not later. Hopefully the IMF/WB can negotiate some middle ground on exchange restrictions and if they float like Yemen, they'll have addressed many of the terms related to Article VIII acceptance...As always, it's just an opinion.
9-29-2017 Newshound Guru chattels I have opined for some time now that my sense about the Kurdish Referendum drama is that it is / will prove to be largely rhetorical and of little import other than to add uncertainty to uncertainty in Iraq.
9-29-2017 Newshound/Intel Guru Mnt Goat The CBI will be responsible for trigging this reinstatement so we pay attention to what they are doing. ...However the IMF and other agencies are to first approve the CBI actions in this regard, so we also listen to them.
9-29-2017 Intel Guru Bruce Has Iraq put out their new rate so the world can see it yet? No. Question, when will they do it? My understanding is it will happen sometime Sunday. ...When I was told this, I was also told Sunday is the first day of their business week. Also, that it will be talked about with another announcement and put on their Jumbotron TV monitors in at least 9 provinces. That is going to be big time. We have the UN Operational rates in place, new Forex for the rates, and new rates for the public. Intel wise rates are high. I think we are in great shape. I am excited for you and for us and our community.
9-29-2017 Intel Guru Dr. Clarke THIS TIME...OCTOBER is your month...to "Party on the Patio"... FOR SURE. FOR SURE. FOR SURE. You'll "SEE" during the first 3 weeks, what We ALREADY "SEE" Right Now...as the "MOVE" begins Saturday. (keyword "begins") WE DON'T GIVE A RIP, WHAT THE NEWS MEDIA PRINTS & REPORTS "OUT THERE"...OR what anyone else says! It's what goes on "Under the Covers", that gets you pregnant. IF it weren't for Pure, Blatant, Plain & Easy to See "LOGIC"...we'd ALL be Geniuses! # Our HAPPY HALLOWEEN Costume: Brother-Sister Family Combo called... “Lower Dong” & “Lower Denom”... This "Process" will BE OVER... OCTOBER: “PARTY ON THE PATIO”. AMEN!...without a Doubt...All in our Opinion...
9-29-2017 Newshound Guru G-Lin Article quote: "A coalition of state law to collect signatures to dismiss President Fuad Masum for the leadership of the leader of the coalition for the presidency of the Republic. Maliki is currently the first deputy of Masoom." This is exactly what Maliki has been trying to accomplish for 2 years. ...since Maliki controls the Supreme court through Mahmoud, it will be interesting to see how this is dealt with. It also states in the constitution that occurrence of death or impeachment, the Pres. position goes to the first deputy which is Malik.
9-29-2017 Newshound Guru MilitiaMan Article: "Foreign Minister receives the representative of the Secretary-General of the United Nations in Iraq" Quote: "...the Representative of the Secretary-General of the United Nations in Iraq, Mr. Jan Kubic...said that...Iraq has returned to the international scene, and there is more cooperation and work required for the reconstruction of Iraq." Well well! ...This is a doozy...this is on Thursday the 28th of September 2017. Today is payday. Tomorrow is closed through Sunday. Oh wait is that a holiday again that was recently imposed? If not, it is the new beginning of the fiscal year and the beginning of reconstruction post expulsion.. A fancy way of not saying LIBERATION is in effect! Imo if the stage for Abadi to address it openly on his turf is not set, shut the frkn door! Imo wow.
9-29-2017 Newshound Guru Adam Montana [...For something that was in the strike zone nearly 7 months ago, what zone is the HCL in now?] Actually, I think this is a good thing! The referendum is meaningless - sure, they voted...All this does is put pressure on everyone to come together. As far as a "strike zone", there have been plenty and there will continue to be more. When they decide to act on it, we win a bowl of RV soup.
9-29-2017 Newshound Guru Kaperoni If Iraq is going to bring investment into Iraq, they need to meet compliance, and move to Article VIII so the dinar is more recognized globally. Freedom of movement of capital in and out of Iraq is a requirement for investors to participate in the rebuilding of Iraq. The economy will stall if the CBI cannot find a way to meet compliance and take the next step for the banking system. It clearly will have an effect on not only the economy, the banking system, monetary policy, employment and the citizens. There is nothing we can do except watch how this plays out with the hope a resolution comes sooner than later so the CBI can get back to what it needs to do. I am not abandoning the dinar, this is not a "sky is falling" prediction, this is a factual explanation to the events of the Kurdish referendum that will need to be addressed by the IMF and the CBI. It will cause delays..which may be a few weeks or several months or longer. Time will tell. [post 2 of 2]
9-29-2017 Newshound Guru Kaperoni ...As a result of the Kurdistan referendum, the Parliamentary Finance Committee has asked the CBI to suspend Kurdish banks from the daily currency auctions. It appears the CBI has confirmed they are in fact doing so with the documentation about. What does this mean to us? It means that the decision to do this is counter productive to the goals set forth by the recent IMF Stand by Agreement and efforts from the UST and IMF to help Iraq meet the conditions to move to Article VIII. ...the sole remaining obstacle was to demonstrate the CBI could manage the dinar within Iraq and maintain a spread between the Official Rate and the Market Rate (street rate) of 2% or less...the IMF requires this to he held for 90 days before compliance would be met. The goal is 1200 to $1 or about. The decision now to prevent the Kurdistan region has had an effect on this spread as reported today it is now 1275 to $1 in the region. [post 1 of 2....stay tuned]
9-29-2017 Newshound Guru chattels I have opined for some time now that my sense about the Kurdish Referendum drama is that it is / will prove to be largely rhetorical and of little import other than to add uncertainty to uncertainty in Iraq.
9-29-2017 Newshound/Intel Guru Mnt Goat The CBI will be responsible for trigging this reinstatement so we pay attention to what they are doing. ...However the IMF and other agencies are to first approve the CBI actions in this regard, so we also listen to them.
9-29-2017 Intel Guru Bruce Has Iraq put out their new rate so the world can see it yet? No. Question, when will they do it? My understanding is it will happen sometime Sunday. ...When I was told this, I was also told Sunday is the first day of their business week. Also, that it will be talked about with another announcement and put on their Jumbotron TV monitors in at least 9 provinces. That is going to be big time. We have the UN Operational rates in place, new Forex for the rates, and new rates for the public. Intel wise rates are high. I think we are in great shape. I am excited for you and for us and our community.
9-29-2017 Intel Guru Dr. Clarke THIS TIME...OCTOBER is your month...to "Party on the Patio"... FOR SURE. FOR SURE. FOR SURE. You'll "SEE" during the first 3 weeks, what We ALREADY "SEE" Right Now...as the "MOVE" begins Saturday. (keyword "begins") WE DON'T GIVE A RIP, WHAT THE NEWS MEDIA PRINTS & REPORTS "OUT THERE"...OR what anyone else says! It's what goes on "Under the Covers", that gets you pregnant. IF it weren't for Pure, Blatant, Plain & Easy to See "LOGIC"...we'd ALL be Geniuses! # Our HAPPY HALLOWEEN Costume: Brother-Sister Family Combo called... “Lower Dong” & “Lower Denom”... This "Process" will BE OVER... OCTOBER: “PARTY ON THE PATIO”. AMEN!...without a Doubt...All in our Opinion...
9-29-2017 Newshound Guru G-Lin Article quote: "A coalition of state law to collect signatures to dismiss President Fuad Masum for the leadership of the leader of the coalition for the presidency of the Republic. Maliki is currently the first deputy of Masoom." This is exactly what Maliki has been trying to accomplish for 2 years. ...since Maliki controls the Supreme court through Mahmoud, it will be interesting to see how this is dealt with. It also states in the constitution that occurrence of death or impeachment, the Pres. position goes to the first deputy which is Malik.
9-29-2017 Newshound Guru MilitiaMan Article: "Foreign Minister receives the representative of the Secretary-General of the United Nations in Iraq" Quote: "...the Representative of the Secretary-General of the United Nations in Iraq, Mr. Jan Kubic...said that...Iraq has returned to the international scene, and there is more cooperation and work required for the reconstruction of Iraq." Well well! ...This is a doozy...this is on Thursday the 28th of September 2017. Today is payday. Tomorrow is closed through Sunday. Oh wait is that a holiday again that was recently imposed? If not, it is the new beginning of the fiscal year and the beginning of reconstruction post expulsion.. A fancy way of not saying LIBERATION is in effect! Imo if the stage for Abadi to address it openly on his turf is not set, shut the frkn door! Imo wow.
9-29-2017 Newshound Guru Adam Montana [...For something that was in the strike zone nearly 7 months ago, what zone is the HCL in now?] Actually, I think this is a good thing! The referendum is meaningless - sure, they voted...All this does is put pressure on everyone to come together. As far as a "strike zone", there have been plenty and there will continue to be more. When they decide to act on it, we win a bowl of RV soup.
9-29-2017 Newshound Guru Kaperoni If Iraq is going to bring investment into Iraq, they need to meet compliance, and move to Article VIII so the dinar is more recognized globally. Freedom of movement of capital in and out of Iraq is a requirement for investors to participate in the rebuilding of Iraq. The economy will stall if the CBI cannot find a way to meet compliance and take the next step for the banking system. It clearly will have an effect on not only the economy, the banking system, monetary policy, employment and the citizens. There is nothing we can do except watch how this plays out with the hope a resolution comes sooner than later so the CBI can get back to what it needs to do. I am not abandoning the dinar, this is not a "sky is falling" prediction, this is a factual explanation to the events of the Kurdish referendum that will need to be addressed by the IMF and the CBI. It will cause delays..which may be a few weeks or several months or longer. Time will tell. [post 2 of 2]
9-29-2017 Newshound Guru Kaperoni ...As a result of the Kurdistan referendum, the Parliamentary Finance Committee has asked the CBI to suspend Kurdish banks from the daily currency auctions. It appears the CBI has confirmed they are in fact doing so with the documentation about. What does this mean to us? It means that the decision to do this is counter productive to the goals set forth by the recent IMF Stand by Agreement and efforts from the UST and IMF to help Iraq meet the conditions to move to Article VIII. ...the sole remaining obstacle was to demonstrate the CBI could manage the dinar within Iraq and maintain a spread between the Official Rate and the Market Rate (street rate) of 2% or less...the IMF requires this to he held for 90 days before compliance would be met. The goal is 1200 to $1 or about. The decision now to prevent the Kurdistan region has had an effect on this spread as reported today it is now 1275 to $1 in the region. [post 1 of 2....stay tuned]
9-28-2017 Newshound/Intel Guru Mnt Goat ...Iraq is already half way into Article 8. They have been working hard for almost a decade to get there. Yes – they need to immerse fully in Article 8 to be an international player and this is coming shortly.
9-28-2017 Intel/Newshound Guru tman23 ..."Global Currency Reset" ... There is NO GLOBAL CURRENCY RESET... I won't go into all the reasons why such is an impossible endeavor... We can't get 2 countries to agree on the simplest of things.
9-28-2017 Intel/Newshound Guru payray Which begs the question... With all of this deficit, and need to rebuild, how much of an increase will their have to be in order to fulfill all of these glaring obligations?... Has it been the plan to place so much of a burdensome debt upon Iraq so as to justify the need to have a higher rate? With all of the talk of the wealth within Iraq as well... Are they preparing for a high rate vs. the dollar?... Just an observation, and I do not know the outcome of all of this obviously... But when you begin to see what is transpiring, you cannot help but wonder... [post 2 of 2]
9-28-2017 Intel/Newshound Guru payray Article: "The dangers of the depletion of the Iraqi Central Bank its reserves in financing the budget deficit" The continued use of the US dollar to carry out the financial affairs of Iraq is depleting their reserves due to increased spending within government, and the conversion of the dinar to the dollar as well... The CBI is declaring that they need to remain independent of the Iraqi government, but had to intervene when the financial situation had worsened... This screams of the need to raise the rate of the Iraqi dinar folks... They know it, and yet only harp on the same subject over, and over again... When they do finally go international with the dinar, and raise the rate, it will alleviate so many problems as it concerns deficits... Which is why it is odd as to why they have done this sooner?... [post 1 of 2....stay tuned]
9-28-2017 Intel Guru Frank26 Jabouri had over 30 secret meetings while in NYC with other nations...All under the direction of Abadi. Nothing has been released about these meetings. They wouldn't meet with Iraq if there is still a program rate. Abadi ready to give his speech.
9-28-2017 Newshound/Intel Guru Mnt Goat Politically Iraq could in-fact fall apart and end up with an internal civil war with Kurdistan. Remember the Kurds hold 1/3 of all political positions within the GOI. I am hopeful that the new democracy is strong enough and they will not resort to forceful civil unrest or war. But there is still way too much POLITICAL and SECURITY instability to even think they would push out a reinstatement of their currency at this time. Do they need a higher rate to their currency? This is a loaded question and is hard to define. Yes – many economists believe the currency SHOULD be valued much higher than it is (and I agree)... Are they ready to RV as far as the reforms and what the CBI has done to set them up? Yes – they are fully ready, but it is these factors now that plan a major role in triggering the final part of the process of the “project to delete the zeros”. This final process is what we watch and wait for. [post 2 of 2]
9-28-2017 Newshound/Intel Guru Mnt Goat Trust me this is not my “opinion” either...The Kurds are not just being rebellious and this is not just some “smoke” screen for the RV. Barzani fully intends to separate Kurdistan from the Iraqi Republic but remember this is not an overnight deal. It will take years to accomplish. Meanwhile what will be the GOI response? How about the response of its neighbors? There will be many impacts all around. We are told it will not be pleasant...the Kurds will not be allowed to leave peacefully. The Kurds overwhelmingly voted for the referendum and got over 60% turnout for the vote and the voting process was a huge success. Iraq is now experiencing major crises and this is disappointing as we really don’t know how this is all going to turn out. [post 1 of 2....stay tuned]
9-28-2017 Newshound Guru Adam Montana [Not real sure about the numbers, but I think I've seen that the Kurd province produces 12 percent of all Iraqi oil and represent 17 percent of the Iraqi population. Wouldn't be better for Iraq (and us) if the Kurds cecede?] If the Kurdish region went Independent, Baghdad (Iraq) would lose their northern border with friendly Turkey and gain a new border with less agreeable tenants (the KRG)... so no, I don't think that is something they want. They also have to address Article140, which neither side wants to cave on. And even if it is "just 12%" of their production/revenue... That is a pretty significant number. So overall, I don't think Baghdad will want to let this happen. Would it be better for us? I don't think it would further the HCL agenda, it might even hurt it. The Kurds would create their own new currency, and we'd still have IQD with less chance of an RV. So in my opinion, nope. Not good for us if they secede.
9-28-2017 Intel/Newshound Guru payray Article: "Association of Private Banks organizes a workshop on safety requirements for financial transfer systems" Quote: "...the presence of the Central Bank for most workshops held by the Association of Private Banks A significant indication of its importance because it is part of its strategy to be implemented during the next five years" [What does this mean?] It means we are preparing for Iraq to go international... [Implemented during the next five years" Gooodness, I could be here awhile.] Nah... Once they go international, it will be a process... But once they do go international, a new rate will be imposed... They will be forever learning, and changing international standards...
9-28-2017 Intel/Newshound Guru tman23 [So if the kurds go independent then we have wallpaper and not currency anymore...] You will find out in a few more days...Abadi ordered Kurds to turn over all land...Airports will shut down Friday at 1800 hrs...Borders will be secured...And Iraq military will take over... Barzani was very respectful of Abadi...and they want to support him as PM in the upcoming elections... I know of this from inside...SO... My excitement which makes no sense to many...makes sense to me...Abadi may be playing actor among a bunch of snakes surrounding him and high pressure...But what I know or thought to be true...this is not making sense ...ZERO! We will see in 3 days...AND we have up to 10/8...Sticking by it...
9-28-2017 Intel/Newshound Guru tman23 ..."Global Currency Reset" ... There is NO GLOBAL CURRENCY RESET... I won't go into all the reasons why such is an impossible endeavor... We can't get 2 countries to agree on the simplest of things.
9-28-2017 Intel/Newshound Guru payray Which begs the question... With all of this deficit, and need to rebuild, how much of an increase will their have to be in order to fulfill all of these glaring obligations?... Has it been the plan to place so much of a burdensome debt upon Iraq so as to justify the need to have a higher rate? With all of the talk of the wealth within Iraq as well... Are they preparing for a high rate vs. the dollar?... Just an observation, and I do not know the outcome of all of this obviously... But when you begin to see what is transpiring, you cannot help but wonder... [post 2 of 2]
9-28-2017 Intel/Newshound Guru payray Article: "The dangers of the depletion of the Iraqi Central Bank its reserves in financing the budget deficit" The continued use of the US dollar to carry out the financial affairs of Iraq is depleting their reserves due to increased spending within government, and the conversion of the dinar to the dollar as well... The CBI is declaring that they need to remain independent of the Iraqi government, but had to intervene when the financial situation had worsened... This screams of the need to raise the rate of the Iraqi dinar folks... They know it, and yet only harp on the same subject over, and over again... When they do finally go international with the dinar, and raise the rate, it will alleviate so many problems as it concerns deficits... Which is why it is odd as to why they have done this sooner?... [post 1 of 2....stay tuned]
9-28-2017 Intel Guru Frank26 Jabouri had over 30 secret meetings while in NYC with other nations...All under the direction of Abadi. Nothing has been released about these meetings. They wouldn't meet with Iraq if there is still a program rate. Abadi ready to give his speech.
9-28-2017 Newshound/Intel Guru Mnt Goat Politically Iraq could in-fact fall apart and end up with an internal civil war with Kurdistan. Remember the Kurds hold 1/3 of all political positions within the GOI. I am hopeful that the new democracy is strong enough and they will not resort to forceful civil unrest or war. But there is still way too much POLITICAL and SECURITY instability to even think they would push out a reinstatement of their currency at this time. Do they need a higher rate to their currency? This is a loaded question and is hard to define. Yes – many economists believe the currency SHOULD be valued much higher than it is (and I agree)... Are they ready to RV as far as the reforms and what the CBI has done to set them up? Yes – they are fully ready, but it is these factors now that plan a major role in triggering the final part of the process of the “project to delete the zeros”. This final process is what we watch and wait for. [post 2 of 2]
9-28-2017 Newshound/Intel Guru Mnt Goat Trust me this is not my “opinion” either...The Kurds are not just being rebellious and this is not just some “smoke” screen for the RV. Barzani fully intends to separate Kurdistan from the Iraqi Republic but remember this is not an overnight deal. It will take years to accomplish. Meanwhile what will be the GOI response? How about the response of its neighbors? There will be many impacts all around. We are told it will not be pleasant...the Kurds will not be allowed to leave peacefully. The Kurds overwhelmingly voted for the referendum and got over 60% turnout for the vote and the voting process was a huge success. Iraq is now experiencing major crises and this is disappointing as we really don’t know how this is all going to turn out. [post 1 of 2....stay tuned]
9-28-2017 Newshound Guru Adam Montana [Not real sure about the numbers, but I think I've seen that the Kurd province produces 12 percent of all Iraqi oil and represent 17 percent of the Iraqi population. Wouldn't be better for Iraq (and us) if the Kurds cecede?] If the Kurdish region went Independent, Baghdad (Iraq) would lose their northern border with friendly Turkey and gain a new border with less agreeable tenants (the KRG)... so no, I don't think that is something they want. They also have to address Article140, which neither side wants to cave on. And even if it is "just 12%" of their production/revenue... That is a pretty significant number. So overall, I don't think Baghdad will want to let this happen. Would it be better for us? I don't think it would further the HCL agenda, it might even hurt it. The Kurds would create their own new currency, and we'd still have IQD with less chance of an RV. So in my opinion, nope. Not good for us if they secede.
9-28-2017 Intel/Newshound Guru payray Article: "Association of Private Banks organizes a workshop on safety requirements for financial transfer systems" Quote: "...the presence of the Central Bank for most workshops held by the Association of Private Banks A significant indication of its importance because it is part of its strategy to be implemented during the next five years" [What does this mean?] It means we are preparing for Iraq to go international... [Implemented during the next five years" Gooodness, I could be here awhile.] Nah... Once they go international, it will be a process... But once they do go international, a new rate will be imposed... They will be forever learning, and changing international standards...
9-28-2017 Intel/Newshound Guru tman23 [So if the kurds go independent then we have wallpaper and not currency anymore...] You will find out in a few more days...Abadi ordered Kurds to turn over all land...Airports will shut down Friday at 1800 hrs...Borders will be secured...And Iraq military will take over... Barzani was very respectful of Abadi...and they want to support him as PM in the upcoming elections... I know of this from inside...SO... My excitement which makes no sense to many...makes sense to me...Abadi may be playing actor among a bunch of snakes surrounding him and high pressure...But what I know or thought to be true...this is not making sense ...ZERO! We will see in 3 days...AND we have up to 10/8...Sticking by it...
9-27-2017 Intel Guru RayRen98 Abadi said to Parliament today that he’s targeting the end of November for these issues to be resolved, and some automatically assume that he means the final economic reforms. Either way, we cannot influence the process. Most are still focusing on the end of this month into the beginning of October. When you look at the mechanics of things including fiscal reconciliation, it does seem like the 1. October is appropriate. We’ll see. Banks over here have initiated training on how to handle us on the appropriate procedures – does that sound like there is ‘no RV ever, ever, ever’? Yes, it’s happening later than we would have liked to see it. Right now, October is the most obvious time frame. End of November – I think that is just talk. It won’t take that long to liberate those last two provinces. Take in the news you see, discard what you can’t use, and stay calm while we wait for this to pop. [post 2 of 2]
9-27-2017 Intel Guru RayRen98 Man, oh, man...what an interesting week and turn of events. Just when you thought nothing else could possibly slow down the wheels of progress, who would have thought an internal issue would be the issue. They are still reporting on the television that the internal bankers have completed training. If there is never, ever going to be a revaluation, why would they be training private bankers in Iraq? So you have heard about the internal turmoil in Iraq, with tension between Kurdistan and Baghdad, and reports are flying out here with 72 hours to released the borders, now pinned as 6pm on Friday (local time), with force if necessary...we get to sit back and see what happens until it’s time to make our move. [post 1 of 2....stay tuned]
9-27-2017 Newshound Guru G-Lin Article: "The House of Representatives votes on a parliamentary resolution on the referendum of the Kurdistan region and hosts the Prime Minister" [It does not appear that any laws that was proposed for today was voted on...] ...they will be back in Parl. next Tues. This referendum situation took priority. And with good reason. This easily could turn into another Israel Palestinian conflict. Kirkuk is Kurdistan's Palestine. It is all about the oil and disputed territories. It always has been. Thus no 140. Maybe this will force them into an agreement but when you throw Maliki and Iran in the mix, it's scary. Syria and Israel seem to be ok with the Kurds forming an independent state, but the rest of the M.E. and the U.S. and Europe are not happy with the Kurds. Now will this mess effect the economics? Who knows?
9-27-2017 Newshound/Intel Guru BGG This daily flow of news speaks directly to the economic and market progress Iraq is making… by LEAPS AND BOUNDS. This re-engagement, with the support of the IMF, UN and WB is critical. Iraq can price their currency and whatever they want. If no one will buy it, what does it matter? Who cares if there were a $14 RV – if no one will buy your currency? This re-engagement and international acceptance is a HUGE step towards economic, investment and currency reform in Iraq. I have plainly said they are CLOSE. Period. End of story. [post 2 of 2]
9-27-2017 Newshound/Intel Guru BGG Let me be perfectly clear…I am not saying, nor have I said, they will enact some version of currency reform this year – as in: 2017. They may – they may not… it would be very difficult to know this. Nor am I saying this HAS TO go into 2018. Nowhere has any official source said this. Nor have there been ANY DIRECT indications of this. NONE. In fact, there have been NUMEROUS indications DAILY they are moving closer and closer to a full re-engagement with the world markets and economies. Just today there is news of direct negotiations between Iraq and the Saudis to share an export pipeline again. Article quote: "Iraq asks Saudi Arabia to reinstate the oil export agreement through the joint pipeline”… [Post 1 of 2]
9-27-2017 Newshound Guru Adam Montana But are they really going to be able to achieve that, with Article 140 still unresolved? The only way to move forward with an actual secession would be to relinquish any claims they have on the disputed territories, and there’s no way that will happen. This is not rocket surgery, my friends! I’ll tell you why I like how this is playing out. They know they are stuck between a rock and a hard place right now with Turkey. Add to that the proposed extension by OPEC, Iraq’s general exemption from said OPEC agreement, the price of oil rising, and everything else on the table… you know, I look outside right now and I see leaves falling alongside the temperature. It makes me think of warm foods like soup and chili… and looking at the situation in Iraq, it looks to me like a recipe for “HCL soup”! Serve it up, I say! The table is set, and we’re hungry. [post 2 of 2]
9-27-2017 Newshound Guru Adam Montana ...the Kurdish referendum...They did hold their “vote” on Monday, but the result of the actual vote isn’t what I’m focusing on right now. What I AM looking at is the aftermath. Turkey is leaning HARD on the KRG after the referendum. 85% of Kurdish oil exports leave via Turkey, and Turkish President Recep Tayyip Erdrogan stated point blank that they will close that border if that’s what it takes to get the KRG back in line. This is some serious strong arming! OIL is at a high right now. We’ve all been waiting for the price to go up, and the $60 mark is in sight! Kurdish Regional President Barzani issued a statement regarding the vote, which apparently revealed exactly what we thought would happen - the people voted for Independence. [post 1 of 2....stay tuned]
9-27-2017 Newshound Guru tman23 IMO...we have 3 to 3 1/2 days and we will know exactly where this is headed and the direction of the currency...
9-27-2017 Intel Guru Dr. Clarke ...the "MOVE" begins Saturday. In our Opinion.
9-27-2017 Newshound Guru chattels The Iraqi government has some hard decisions to make. Perhaps out of this turmoil they will do the things that need to be done for real stability.
9-27-2017 Intel/Newshound Guru payray Article: "What will happen in the session of the House of Representatives tomorrow?" "The Office of Prime Minister Haider Abadi, on Tuesday, the federal government imposed "administrative" sanctions against Kurdish officials against the backdrop of the referendum, noting that Baghdad will deal with the Kurdistan region as part of Iraq regardless of the referendum." Important meeting tomorrow... Abadi is supposed to be attending this meeting... Again, with the situation that has been ongoing, this is his time to show his ability to lead the country, while being able to establish trust with the whole of Iraq... Good stuff.
9-27-2017 Newshound Guru Kaperoni [Currently dinar is a dead currency it's not expected anywhere, maybe in Iraq but that doesn't help the investors.] That is not true. It is the currency of Iraq and is used throughout Iraq everyday. It's value will not RV...but rise via...a float to combat inflationary pressure created by investment through the CBI 's Capital Account. That is how it works...The dinar will appreciate in value, just not yet.
9-27-2017 Intel Guru RayRen98 Man, oh, man...what an interesting week and turn of events. Just when you thought nothing else could possibly slow down the wheels of progress, who would have thought an internal issue would be the issue. They are still reporting on the television that the internal bankers have completed training. If there is never, ever going to be a revaluation, why would they be training private bankers in Iraq? So you have heard about the internal turmoil in Iraq, with tension between Kurdistan and Baghdad, and reports are flying out here with 72 hours to released the borders, now pinned as 6pm on Friday (local time), with force if necessary...we get to sit back and see what happens until it’s time to make our move. [post 1 of 2....stay tuned]
9-27-2017 Newshound Guru G-Lin Article: "The House of Representatives votes on a parliamentary resolution on the referendum of the Kurdistan region and hosts the Prime Minister" [It does not appear that any laws that was proposed for today was voted on...] ...they will be back in Parl. next Tues. This referendum situation took priority. And with good reason. This easily could turn into another Israel Palestinian conflict. Kirkuk is Kurdistan's Palestine. It is all about the oil and disputed territories. It always has been. Thus no 140. Maybe this will force them into an agreement but when you throw Maliki and Iran in the mix, it's scary. Syria and Israel seem to be ok with the Kurds forming an independent state, but the rest of the M.E. and the U.S. and Europe are not happy with the Kurds. Now will this mess effect the economics? Who knows?
9-27-2017 Newshound/Intel Guru BGG This daily flow of news speaks directly to the economic and market progress Iraq is making… by LEAPS AND BOUNDS. This re-engagement, with the support of the IMF, UN and WB is critical. Iraq can price their currency and whatever they want. If no one will buy it, what does it matter? Who cares if there were a $14 RV – if no one will buy your currency? This re-engagement and international acceptance is a HUGE step towards economic, investment and currency reform in Iraq. I have plainly said they are CLOSE. Period. End of story. [post 2 of 2]
9-27-2017 Newshound/Intel Guru BGG Let me be perfectly clear…I am not saying, nor have I said, they will enact some version of currency reform this year – as in: 2017. They may – they may not… it would be very difficult to know this. Nor am I saying this HAS TO go into 2018. Nowhere has any official source said this. Nor have there been ANY DIRECT indications of this. NONE. In fact, there have been NUMEROUS indications DAILY they are moving closer and closer to a full re-engagement with the world markets and economies. Just today there is news of direct negotiations between Iraq and the Saudis to share an export pipeline again. Article quote: "Iraq asks Saudi Arabia to reinstate the oil export agreement through the joint pipeline”… [Post 1 of 2]
9-27-2017 Newshound Guru Adam Montana But are they really going to be able to achieve that, with Article 140 still unresolved? The only way to move forward with an actual secession would be to relinquish any claims they have on the disputed territories, and there’s no way that will happen. This is not rocket surgery, my friends! I’ll tell you why I like how this is playing out. They know they are stuck between a rock and a hard place right now with Turkey. Add to that the proposed extension by OPEC, Iraq’s general exemption from said OPEC agreement, the price of oil rising, and everything else on the table… you know, I look outside right now and I see leaves falling alongside the temperature. It makes me think of warm foods like soup and chili… and looking at the situation in Iraq, it looks to me like a recipe for “HCL soup”! Serve it up, I say! The table is set, and we’re hungry. [post 2 of 2]
9-27-2017 Newshound Guru Adam Montana ...the Kurdish referendum...They did hold their “vote” on Monday, but the result of the actual vote isn’t what I’m focusing on right now. What I AM looking at is the aftermath. Turkey is leaning HARD on the KRG after the referendum. 85% of Kurdish oil exports leave via Turkey, and Turkish President Recep Tayyip Erdrogan stated point blank that they will close that border if that’s what it takes to get the KRG back in line. This is some serious strong arming! OIL is at a high right now. We’ve all been waiting for the price to go up, and the $60 mark is in sight! Kurdish Regional President Barzani issued a statement regarding the vote, which apparently revealed exactly what we thought would happen - the people voted for Independence. [post 1 of 2....stay tuned]
9-27-2017 Newshound Guru tman23 IMO...we have 3 to 3 1/2 days and we will know exactly where this is headed and the direction of the currency...
9-27-2017 Intel Guru Dr. Clarke ...the "MOVE" begins Saturday. In our Opinion.
9-27-2017 Newshound Guru chattels The Iraqi government has some hard decisions to make. Perhaps out of this turmoil they will do the things that need to be done for real stability.
9-27-2017 Intel/Newshound Guru payray Article: "What will happen in the session of the House of Representatives tomorrow?" "The Office of Prime Minister Haider Abadi, on Tuesday, the federal government imposed "administrative" sanctions against Kurdish officials against the backdrop of the referendum, noting that Baghdad will deal with the Kurdistan region as part of Iraq regardless of the referendum." Important meeting tomorrow... Abadi is supposed to be attending this meeting... Again, with the situation that has been ongoing, this is his time to show his ability to lead the country, while being able to establish trust with the whole of Iraq... Good stuff.
9-27-2017 Newshound Guru Kaperoni [Currently dinar is a dead currency it's not expected anywhere, maybe in Iraq but that doesn't help the investors.] That is not true. It is the currency of Iraq and is used throughout Iraq everyday. It's value will not RV...but rise via...a float to combat inflationary pressure created by investment through the CBI 's Capital Account. That is how it works...The dinar will appreciate in value, just not yet.
9-26-2017 Guest Guru BobTheTaxMan …What are they going to charge? Now that’s an interesting question because I don’t know and quite frankly they probably don’t know either…The amount that they are going to pad onto their exchange rate is going to have some considerations involved into it. How much other stuff are you doing with that bank. Are you going to let their wealth department handle and manage your money? Those are some of the considerations to take a look at…Do like I tell everybody to do when it comes to finding a good tax account or tax attorney, talk to six of them. Go see what they have to offer…There are also going to be some private exchanges [online/offline brokers] available that can exchange that for you as well…they may offer a better deal for doing your exchange than you can ever get out of the banks. [Post 2 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-26-2017 Intel/Newshound Guru tman23 The results of the vote will be released 72 hours after polls closed (Wednesday).... so far the count shows 93% approval (Yes vote)...In the meantime , Turkey, Iran and Baghdad are freaking out and threatening Kurdistan with cutting of food, clothing, and banking system and even military action... Kurds have remained silent and peaceful...
9-26-2017 Intel Guru Frank26 Abadi has been hard at work while the UN waited, all planned. Re: Referendum vote: What the Kurds are doing is just a rebellion - the UN said no, and no means no. The Kurds were caught stuffing their ballot boxes and the referendum failed, that is why months ago we said pay no attention to the Kurds - this was all planned. The 48 hrs are up - and Abadi is just about ready to make his speech/ or made it! Abadi knew about the 25th months ago - he now needs to make a public speech that the whole of Iraq is now FREE, Welcome International world. Then they go directly into article 8. The big screens are up and right where they need to be. We are watching the next 5 days for Abadi's big speech. Abadi has a date and month, but he can't say it... Next 5 days Abadi can now do what he wants as they are a completely liberated nation. He will make his speech in country.
9-26-2017 Intel/Newshound Guru tman23 The Kurds are a major factor in the monetary reform scheme of things...Baghdad must have their cooperation and commitment otherwise the CBI will never move with such a risk factor at large... Baghdad ...only good at threats and promises not delivered... They are at a real crossroads now... And either your Dinar is going to have value or nobody will want it... Stayed tuned for the end... What a long movie this has been...Don't care to watch the sequel...
9-26-2017 Newshound Guru MilitiaMan The accolades come from with not only red carpet but from the likes of Kings, Princes, Presidents, Emirs, the highest in the Regions! Saudi Arabia and others have the keys for the future and that is support, that is given to Iraq through Abadi's leadership and ability to unit where sectarianism is now lost. They have successfully negotiated investment, industry, agriculture and importantly political and security files. They have retired the sectarianism! They have found deep corruption in so deep and over $300 billion. Yes, this is going to stun the world, and I'll bet in short order in more ways than most will ever imagine! Abadi has said he will keep digging.. I suspect the power house he is, it will to stun the world even more! [post 2 of 2]
9-26-2017 Newshound Guru MilitiaMan Article: "Abadi .. From the fronts of fighting to the diplomacy of the victor" Quotes: "Saudi Arabia expressed its desire for a strategic partnership with the victorious Iraq, promising to enter the Iraqi market..." "...the Amir of Kuwait all members After a successful round of negotiations, investment, industry and agriculture files were discussed..." "...The game was not easy...especially the next on the same plane from an important and successful visit to Saudi Arabia's arch-enemy of Iran...but Abadi could convince the makers of Persian carpets quickly..." "...Al-Abbadi returned to Baghdad and in his bag promises of good Iranian and Gulf restoration of Iraq for its regional role and cultural and cultural status." ..."Iraq has also announced its retirement from the game of sectarianism and concentration in any of its trenches..." This is the most powerful post I have ever seen to date...what a piece it is! If this is not National Reconciliation, I am not sure there is any to be found. Abadi has been to see all three in one flight. [post 1 of 2....stay tuned]
Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-26-2017 Guest Guru BobTheTaxMan Question: “Which bank should I go to to do the exchange?” First of all why aren’t the banks doing it now? Well there are some that are but the majority are washing their hands of it at the moment. Why? Even though the dinar is already internationally accepted as a currency, it’s still begin treated as an oddity. Mostly because of the fervor and the fever pitch of all the scams and sales that have gone along with it. The banks don’t want to deal with it yet. There’s not enough money in it for them to mess with it. But when that time comes when we do have a change value the banks are obviously going to want want to get their piece of it as well. So you can expect all of the major banks…are going to have their doors open to do an exchange…What are they going to charge? [Post 1 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-26-2017 Newshound Guru tman23 [So, you thinking that there is value in the dinar in all of this in the near term?] I believe they have to begin reconstruction ASAP...YESTERDAY!!! ... And cannot afford not to have a quick reconciliation of sorts with Erbil... I think we are in the best position ever to get an answer...on where the currency is going.
9-26-2017 Newshound Guru chattels [Are there any results from the referendum?] Nothing official until later in the week I expect. Rudaw reporting high turnouts. One report says 93% + " Yes ". History in the making.
9-26-2017 Newshound Guru payray From a stability standpoint it would not bode well for the Kurds to force the issue of independence... It would definitely have a negative reaction, if not the possibility of war upon this nation if this were to occur at this time... This referendum is nothing more than an opinion vote... It would be best if it remained that way for the time being... Especially as it concerns our investment... I believe most Kurd's would be willing to wait, and see if the current leadership in Baghdad will actually pay their bills, and want harmony with them... In the mean time, there are many nations in the Middle East who have invested a lot of money into Iraq, and right now they see dollar signs...9-25-2017 Guest Guru BobTheTaxMan …What are they going to charge? Now that’s an interesting question because I don’t know and quite frankly they probably don’t know either…The amount that they are going to pad onto their exchange rate is going to have some considerations involved into it. How much other stuff are you doing with that bank. Are you going to let their wealth department handle and manage your money? Those are some of the considerations to take a look at…Do like I tell everybody to do when it comes to finding a good tax account or tax attorney, talk to six of them. Go see what they have to offer…There are also going to be some private exchanges [online/offline brokers] available that can exchange that for you as well…they may offer a better deal for doing your exchange than you can ever get out of the banks. [Post 2 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-26-2017 Intel/Newshound Guru tman23 The results of the vote will be released 72 hours after polls closed (Wednesday).... so far the count shows 93% approval (Yes vote)...In the meantime , Turkey, Iran and Baghdad are freaking out and threatening Kurdistan with cutting of food, clothing, and banking system and even military action... Kurds have remained silent and peaceful...
9-26-2017 Intel Guru Frank26 Abadi has been hard at work while the UN waited, all planned. Re: Referendum vote: What the Kurds are doing is just a rebellion - the UN said no, and no means no. The Kurds were caught stuffing their ballot boxes and the referendum failed, that is why months ago we said pay no attention to the Kurds - this was all planned. The 48 hrs are up - and Abadi is just about ready to make his speech/ or made it! Abadi knew about the 25th months ago - he now needs to make a public speech that the whole of Iraq is now FREE, Welcome International world. Then they go directly into article 8. The big screens are up and right where they need to be. We are watching the next 5 days for Abadi's big speech. Abadi has a date and month, but he can't say it... Next 5 days Abadi can now do what he wants as they are a completely liberated nation. He will make his speech in country.
9-26-2017 Intel/Newshound Guru tman23 The Kurds are a major factor in the monetary reform scheme of things...Baghdad must have their cooperation and commitment otherwise the CBI will never move with such a risk factor at large... Baghdad ...only good at threats and promises not delivered... They are at a real crossroads now... And either your Dinar is going to have value or nobody will want it... Stayed tuned for the end... What a long movie this has been...Don't care to watch the sequel...
9-26-2017 Newshound Guru MilitiaMan The accolades come from with not only red carpet but from the likes of Kings, Princes, Presidents, Emirs, the highest in the Regions! Saudi Arabia and others have the keys for the future and that is support, that is given to Iraq through Abadi's leadership and ability to unit where sectarianism is now lost. They have successfully negotiated investment, industry, agriculture and importantly political and security files. They have retired the sectarianism! They have found deep corruption in so deep and over $300 billion. Yes, this is going to stun the world, and I'll bet in short order in more ways than most will ever imagine! Abadi has said he will keep digging.. I suspect the power house he is, it will to stun the world even more! [post 2 of 2]
9-26-2017 Newshound Guru MilitiaMan Article: "Abadi .. From the fronts of fighting to the diplomacy of the victor" Quotes: "Saudi Arabia expressed its desire for a strategic partnership with the victorious Iraq, promising to enter the Iraqi market..." "...the Amir of Kuwait all members After a successful round of negotiations, investment, industry and agriculture files were discussed..." "...The game was not easy...especially the next on the same plane from an important and successful visit to Saudi Arabia's arch-enemy of Iran...but Abadi could convince the makers of Persian carpets quickly..." "...Al-Abbadi returned to Baghdad and in his bag promises of good Iranian and Gulf restoration of Iraq for its regional role and cultural and cultural status." ..."Iraq has also announced its retirement from the game of sectarianism and concentration in any of its trenches..." This is the most powerful post I have ever seen to date...what a piece it is! If this is not National Reconciliation, I am not sure there is any to be found. Abadi has been to see all three in one flight. [post 1 of 2....stay tuned]
Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-26-2017 Guest Guru BobTheTaxMan Question: “Which bank should I go to to do the exchange?” First of all why aren’t the banks doing it now? Well there are some that are but the majority are washing their hands of it at the moment. Why? Even though the dinar is already internationally accepted as a currency, it’s still begin treated as an oddity. Mostly because of the fervor and the fever pitch of all the scams and sales that have gone along with it. The banks don’t want to deal with it yet. There’s not enough money in it for them to mess with it. But when that time comes when we do have a change value the banks are obviously going to want want to get their piece of it as well. So you can expect all of the major banks…are going to have their doors open to do an exchange…What are they going to charge? [Post 1 of 2]
[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-26-2017 Newshound Guru tman23 [So, you thinking that there is value in the dinar in all of this in the near term?] I believe they have to begin reconstruction ASAP...YESTERDAY!!! ... And cannot afford not to have a quick reconciliation of sorts with Erbil... I think we are in the best position ever to get an answer...on where the currency is going.
9-26-2017 Newshound Guru chattels [Are there any results from the referendum?] Nothing official until later in the week I expect. Rudaw reporting high turnouts. One report says 93% + " Yes ". History in the making.
9-26-2017 Newshound Guru payray From a stability standpoint it would not bode well for the Kurds to force the issue of independence... It would definitely have a negative reaction, if not the possibility of war upon this nation if this were to occur at this time... This referendum is nothing more than an opinion vote... It would be best if it remained that way for the time being... Especially as it concerns our investment... I believe most Kurd's would be willing to wait, and see if the current leadership in Baghdad will actually pay their bills, and want harmony with them... In the mean time, there are many nations in the Middle East who have invested a lot of money into Iraq, and right now they see dollar signs...9-25-2017 Guest Guru BobTheTaxMan …What are they going to charge? Now that’s an interesting question because I don’t know and quite frankly they probably don’t know either…The amount that they are going to pad onto their exchange rate is going to have some considerations involved into it. How much other stuff are you doing with that bank. Are you going to let their wealth department handle and manage your money? Those are some of the considerations to take a look at…Do like I tell everybody to do when it comes to finding a good tax account or tax attorney, talk to six of them. Go see what they have to offer…There are also going to be some private exchanges [online/offline brokers] available that can exchange that for you as well…they may offer a better deal for doing your exchange than you can ever get out of the banks. [Post 2 of 2]
9-25-2017 *** Dinar Guru News Flash *** News outlets from around the globe are reporting that the Kurdish independence vote was NOT postponed...happened earlier today. It's reported as many as 78% of registered voters in the region voted. They'll release the official results later this week. Stay tuned as the gurus chime in with their different perspectives on how this could impact the future of Iraq and the dinar itself. The latest guru posts will continue below...
9-25-2017 Intel/Newshound Guru payray The people of Kurdistan want peace, and prosperity... The situation is set up for this to occur... Regardless of the referendum's outcome, there will be a united Iraq... Barzani understands this... The relationship with Abadi is good, and with all of the entities holding Baghdad accountable, IMHO, this is all smoke, and mirrors... Investment has continued within this country, and confidence is high... Except how it is portrayed within the media... I believe that at some point in the future the Kurds will be independent... But at this point in time, it will not be... There are valid reasons for this... The plan is for economic prosperity not only for Iraq, but for the world at large as well...
9-25-2017 Intel Guru RayRen98 [If they want to have their own country, how does that affect Iraq?] I don’t think that is something we have to worry about. Our banking contacts are still on high expectancy, looking extremely good for this week, from that angle. Sure we could go into October – we just don’t have enough data to determine that, one way or another. We just have to wait and see how it plays out; as for dates, we are in limbo, but we still feel good about the revaluation itself. [post 2 of 2]
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-25-2017 Guest Guru BobTheTaxMan …This [dinar exchange] is NOT going to be treated as capital gains despite what other people may say. It’s not. It’s going to be treated as ordinary income. We don’t qualify for it to be treated as Forex…we’re not actively trading it, we’re holding it as an investment…One one who tells you it’s going to fall in the capital gains arena is incorrect. It’s not going to be that. It’s going to be ordinary income. So we have the two income taxes to deal with…We have the Federal…and the State income tax…[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-25-2017 Intel Guru RayRen98 Citizens were upset because they were hearing that their pay would not be at the new rate as they had expected. Sure enough, someone called me and said they had been paid in Iraq, but not at the new rate. You already know about the politics of Iraq. They are voting on the Kurdish independence referendum, and it will be hours before we have information on that. We did see an IMF report saying that whatever the Kurds do, it won’t affect the finances of the country. I believe that the Kurds are serious about wanting their independence; this is just bad timing. But they are not after what we are after...They want freedom from oppression and a voice in their own future. That’s different from what we are looking for. [post 1 of 2....stay tuned]
9-25-2017 Intel/Newshound Guru tman23 My belief lies in the lifting of the 3 zeros for international trade...from the point of lifting the 3 zeros the question is how will the 3 zero notes be treated at exchange... Not to debate lops, revaulations, redenominations, lifting 3 zeros, reinstatements... NOBODY KNOWS... Statements by the CBI are in line with redenomination ...and since they are not going to say...WE are increasing the rate...we wait!
9-25-2017 Intel/Newshound Guru payray Dr. Haider al - Abadi Speech.....Great speech...there is every reason to be positive... The negative news is to be expected... In the end, the success of what has been a lengthy wait for a great many will be rewarded... Remember the news of the past month, and how they have spoken of accomplishing this goal of adding value to the dinar... The Kurds know the deal, and this will look as though that it was their pressure of utilizing the threat of the referendum that will have gotten them what they wanted... PM Abadi's speech is one of unity, and justice for all Iraqi's... It would NOT bode well for the Kurd's if they went ahead with this referendum... Both economically, and as it concerns peace... I believe that Barzani's countrymen want peace, and for this union to succeed... Amidst all of this chaos, and confusion, the plan that has been worked on for so many years, and just waiting for the time to implement, will come to pass...
9-25-2017 Intel Guru Frank26 Article: "The economic situation is bad, and the repetition of the past is not going to work" Quote: "...changes towards the liberalization of the economy from the concept of foreign exchange and provide a currency for the budget, to launch the real sectors that make their currency..." And provide a currency for the budget...now what could that be?
9-25-2017 Newshound Guru Aggiedad77 No we didn't exactly hear what we thought we wanted from Abadi today...or did we...that question remains to be clarified IMO... A wise student though should be keeping a sharp eye on where Abadi is...who he is talking to...and what he is saying...IMO all three are vitally important...both today and even out to the next 24 to 48 hours again IMO... Am I excited...yes I am...I'm looking forward to Iraq making a big move...when...soon... what kind of move... well just watch closely for Abadi...he's the key to their success at the moment I believe... And I want to believe that FM Jaafari has garnered some good support from the UN and a whole pocket full of member countries as well... IMO...the BEST is coming... we are so close... [post 2 of 2]
9-25-2017 Intel Guru RayRen98 [If they want to have their own country, how does that affect Iraq?] I don’t think that is something we have to worry about. Our banking contacts are still on high expectancy, looking extremely good for this week, from that angle. Sure we could go into October – we just don’t have enough data to determine that, one way or another. We just have to wait and see how it plays out; as for dates, we are in limbo, but we still feel good about the revaluation itself. [post 2 of 2]
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-25-2017 Guest Guru BobTheTaxMan …This [dinar exchange] is NOT going to be treated as capital gains despite what other people may say. It’s not. It’s going to be treated as ordinary income. We don’t qualify for it to be treated as Forex…we’re not actively trading it, we’re holding it as an investment…One one who tells you it’s going to fall in the capital gains arena is incorrect. It’s not going to be that. It’s going to be ordinary income. So we have the two income taxes to deal with…We have the Federal…and the State income tax…[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-25-2017 Intel Guru RayRen98 Citizens were upset because they were hearing that their pay would not be at the new rate as they had expected. Sure enough, someone called me and said they had been paid in Iraq, but not at the new rate. You already know about the politics of Iraq. They are voting on the Kurdish independence referendum, and it will be hours before we have information on that. We did see an IMF report saying that whatever the Kurds do, it won’t affect the finances of the country. I believe that the Kurds are serious about wanting their independence; this is just bad timing. But they are not after what we are after...They want freedom from oppression and a voice in their own future. That’s different from what we are looking for. [post 1 of 2....stay tuned]
9-25-2017 Intel/Newshound Guru tman23 My belief lies in the lifting of the 3 zeros for international trade...from the point of lifting the 3 zeros the question is how will the 3 zero notes be treated at exchange... Not to debate lops, revaulations, redenominations, lifting 3 zeros, reinstatements... NOBODY KNOWS... Statements by the CBI are in line with redenomination ...and since they are not going to say...WE are increasing the rate...we wait!
9-25-2017 Intel/Newshound Guru payray Dr. Haider al - Abadi Speech.....Great speech...there is every reason to be positive... The negative news is to be expected... In the end, the success of what has been a lengthy wait for a great many will be rewarded... Remember the news of the past month, and how they have spoken of accomplishing this goal of adding value to the dinar... The Kurds know the deal, and this will look as though that it was their pressure of utilizing the threat of the referendum that will have gotten them what they wanted... PM Abadi's speech is one of unity, and justice for all Iraqi's... It would NOT bode well for the Kurd's if they went ahead with this referendum... Both economically, and as it concerns peace... I believe that Barzani's countrymen want peace, and for this union to succeed... Amidst all of this chaos, and confusion, the plan that has been worked on for so many years, and just waiting for the time to implement, will come to pass...
9-25-2017 Intel Guru Frank26 Article: "The economic situation is bad, and the repetition of the past is not going to work" Quote: "...changes towards the liberalization of the economy from the concept of foreign exchange and provide a currency for the budget, to launch the real sectors that make their currency..." And provide a currency for the budget...now what could that be?
9-25-2017 Newshound Guru Aggiedad77 No we didn't exactly hear what we thought we wanted from Abadi today...or did we...that question remains to be clarified IMO... A wise student though should be keeping a sharp eye on where Abadi is...who he is talking to...and what he is saying...IMO all three are vitally important...both today and even out to the next 24 to 48 hours again IMO... Am I excited...yes I am...I'm looking forward to Iraq making a big move...when...soon... what kind of move... well just watch closely for Abadi...he's the key to their success at the moment I believe... And I want to believe that FM Jaafari has garnered some good support from the UN and a whole pocket full of member countries as well... IMO...the BEST is coming... we are so close... [post 2 of 2]
9-19-2017 *** Dinar Guru News Update *** Early this morning we received the sad news that longtime Guru SteveI lost his battle with cancer and passed away. He was steadfast in his convictions but long time dinar followers will remember SteveI as instrumental in expanding the reach of dinar information. He will be greatly missed by the community. Our thoughts and prayers go out to his friends, family and loved ones.
(The latest guru updates will continue below...)
(The latest guru updates will continue below...)
9-24-2017 Newshound Guru Aggiedad77 ...may I point to a few things... good things IMO...in fact very good...has anyone been keeping a scorecard on FM Jaafari and who he had "side" meetings with in NYC...those are of the utmost importance IMO...IMO it is those types of meetings where so much can be and often is accomplished...Jaafari as a former Prime Minister of Iraq knows how to be a mover and shaker... IMO Abadi chose this man very wisely to take his place in NYC at the UNGA (United Nations General Assembly) meetings ...he knew Jaafari's experience would be helpful...no he's not Abadi but he still can speak with authority...he had serious meetings with many serious players... And what always seems to happen after a significant entourage comes to the US and then returns to Iraq...MAJOR things seem to magically happen, almost as if a favored hand helps them to move mountains... [post 1 of 2....stay tuned]
9-24-2017 Newshound/Intel Guru BGG [reference tman23 post 9-24-2017] This is – best case, a leverage play by Barzani. There is significant unrest in most of the surrounding regions over this situation. Turkey doesn’t like it. Iran doesn’t like it. Iraq doesn’t like it. The IMF doesn’t like it. The UN doesn’t like it. The US doesn’t like it. Explain to me again the “excitement”? It’s not good. However, it may not be anything more than a short-term distraction to currency reform in Iraq.
9-24-2017 Newshound Guru mike Article: "The unemployment rate exceeds the red lines .. graduates and largest victims" Quote: "Unemployment turn out to be endemic and chronic disease in Iraq, including the consequent implications and consequences of social serious in the forefront of poverty , which exceeds the proportion of the "30% of the Iraqi people, with the extreme poverty rate of 10% according to an economist..." Iraq has reached the tipping point, which way will they go?
9-24-2017 Newshound/Intel Guru BGG Article: "Barzani: The time has come to demand the postponement of the referendum will not take my people" Quote: "The president of the Kurdistan region, Massoud Barzani, said the claims and calls to postpone the referendum on independence “is over." The title is a little deceiving. However, it also points out Barzani clearly intends to “negotiate” with Baghdad afterwards. The whole thing has the feel of a “squeeze play”. Barzani may well know he has no chance of a true independence play. On the other hand, while this is an “extra-Constitutional” vote, Abadi and the GOI ignore their Constitution when it suits them as well.
9-24-2017 Intel/Newshound Guru payray Article: "Foreign Minister: Qatar is ready to support Iraq to regain its regional and international role" [With so many countries cheering for them and supporting them we know that our investment will eventually pay some dividends...so many countries have not given up hope on Iraq. IT WILL HAPPEN!] Thats right!... It has been set up to succeed... By those who truly control what goes on within governments... The nations are just mere pawns... Whether all of this bombing is going on on the Kurdish border is actually occurring remains to be seen... Frankly, I am skeptical... All of this confusing news is normally used as a diversionary tactic before something good occurs...
9-24-2017 Intel/Newshound Guru tman23 [You do know that if the ref, gos through we can kiss the rv good by for at the very least another 3 years because all the laws that have been past since Abadi has been in and I'm talking about the good laws that we are all waiting to be implimped include the kurds with out them all the laws have to be rewritten and voted on and implimped, all their judicial laws include the Kurds.] ...I disagree...This is planned...This is something I have been calling for 2 years...Quite frankly I feel very good about the current situation...Allow me to retract very good...and replace it with...GREAT and EXCITED...We shall see...oh shall we see! Southern Iraq is about to crack... Baghdad cannot manage it all... They need the Kurds to handle the North... Abadi knows this... Kurdistan will be the beacon of light for all Iraq... And others in the region will want what Kurdistan has..
9-24-2017 Newshound Guru Kaperoni Article: "The unemployment rate exceeds the red lines .. graduates and largest victimsz" Quote: "...unemployment has become a chronic disease in Iraq , what engenders other consequences in the forefront of poverty , which exceeds the proportion of the" "30% of the Iraqi people who are below the poverty line..." They better activate the market economy (tourism, manufacturing, agriculture, etc.)...or else all hell is going to brake lose.
9-24-2017 Newshound Guru Aggiedad77 Article: "Oil calls for the removal of the oil sector from political conflicts" Quote: "The Oil Ministry confirmed on Saturday that oil is a sovereign wealth and a property of the Iraqi people in all its sectors, including the Kurdistan region..." This appears to spell HCL IMO...oh BUDDY...OH BUDDY...
9-24-2017 Newshound/Intel Guru BGG [reference tman23 post 9-24-2017] This is – best case, a leverage play by Barzani. There is significant unrest in most of the surrounding regions over this situation. Turkey doesn’t like it. Iran doesn’t like it. Iraq doesn’t like it. The IMF doesn’t like it. The UN doesn’t like it. The US doesn’t like it. Explain to me again the “excitement”? It’s not good. However, it may not be anything more than a short-term distraction to currency reform in Iraq.
9-24-2017 Newshound Guru mike Article: "The unemployment rate exceeds the red lines .. graduates and largest victims" Quote: "Unemployment turn out to be endemic and chronic disease in Iraq, including the consequent implications and consequences of social serious in the forefront of poverty , which exceeds the proportion of the "30% of the Iraqi people, with the extreme poverty rate of 10% according to an economist..." Iraq has reached the tipping point, which way will they go?
9-24-2017 Newshound/Intel Guru BGG Article: "Barzani: The time has come to demand the postponement of the referendum will not take my people" Quote: "The president of the Kurdistan region, Massoud Barzani, said the claims and calls to postpone the referendum on independence “is over." The title is a little deceiving. However, it also points out Barzani clearly intends to “negotiate” with Baghdad afterwards. The whole thing has the feel of a “squeeze play”. Barzani may well know he has no chance of a true independence play. On the other hand, while this is an “extra-Constitutional” vote, Abadi and the GOI ignore their Constitution when it suits them as well.
9-24-2017 Intel/Newshound Guru payray Article: "Foreign Minister: Qatar is ready to support Iraq to regain its regional and international role" [With so many countries cheering for them and supporting them we know that our investment will eventually pay some dividends...so many countries have not given up hope on Iraq. IT WILL HAPPEN!] Thats right!... It has been set up to succeed... By those who truly control what goes on within governments... The nations are just mere pawns... Whether all of this bombing is going on on the Kurdish border is actually occurring remains to be seen... Frankly, I am skeptical... All of this confusing news is normally used as a diversionary tactic before something good occurs...
9-24-2017 Intel/Newshound Guru tman23 [You do know that if the ref, gos through we can kiss the rv good by for at the very least another 3 years because all the laws that have been past since Abadi has been in and I'm talking about the good laws that we are all waiting to be implimped include the kurds with out them all the laws have to be rewritten and voted on and implimped, all their judicial laws include the Kurds.] ...I disagree...This is planned...This is something I have been calling for 2 years...Quite frankly I feel very good about the current situation...Allow me to retract very good...and replace it with...GREAT and EXCITED...We shall see...oh shall we see! Southern Iraq is about to crack... Baghdad cannot manage it all... They need the Kurds to handle the North... Abadi knows this... Kurdistan will be the beacon of light for all Iraq... And others in the region will want what Kurdistan has..
9-24-2017 Newshound Guru Kaperoni Article: "The unemployment rate exceeds the red lines .. graduates and largest victimsz" Quote: "...unemployment has become a chronic disease in Iraq , what engenders other consequences in the forefront of poverty , which exceeds the proportion of the" "30% of the Iraqi people who are below the poverty line..." They better activate the market economy (tourism, manufacturing, agriculture, etc.)...or else all hell is going to brake lose.
9-24-2017 Newshound Guru Aggiedad77 Article: "Oil calls for the removal of the oil sector from political conflicts" Quote: "The Oil Ministry confirmed on Saturday that oil is a sovereign wealth and a property of the Iraqi people in all its sectors, including the Kurdistan region..." This appears to spell HCL IMO...oh BUDDY...OH BUDDY...
9-23-2017 Newshound Guru Kaperoni Article: "Talabani's son announced acceptance of the US proposal to postpone the referendum" Quote: "The leader of the Patriotic Union of Kurdistan Jalal Talabani, Pavel Talabani, announced on Saturday that the Patriotic Union and the Kurdistan Democratic Party decided to accept the American and international proposal to postpone the referendum." ...just because the PUK and Talabani agrees, does not mean Barzani will. In fact, outstate voting has already begun. We will see on Monday what happens inside Iraq.
9-23-2017 Newshound Guru G-Lin Article: "The World Bank is asking the Iraqi government to provide jobs to restore confidence with citizens" ...art. last week from IMF was very emphatic with their instructions. Increase your value and eliminate MCP. I think they are waiting for the security issue they have talked about for 2 years now. And they are very close to accomplishing their fight against ISIS. That may be it. If the Parl. manages to vote that 2nd amendment for CBI through, it could be a timing issue after that. They don't tell us everything. If the debt to Jordan and to Kuwait has been addressed, that would lift them entire from Chap. 7 I believe. The banks have been and continue to be brought up to International standards. Money laundering and corruption are being addressed. Some new currency would go a long way in that corruption fight. Let Abadi take the credit for winning the war and if he gives the peeps some purchasing power, his spot for P.M. next year would seem solid IMO. We are getting there...One thing is for sure, with all of Iraq's wealth, this increase in value will happen...JMO.
9-23-2017 Newshound/Intel Guru Mnt Goat "RESTRUCTURING THE IRAQI CURRENCY – PROJECT DELETE THREE ZEROS AND THOUSANDS OF CASH TRANSACTIONS" Quote: "ONE OF THESE SOLUTIONS IS THE REFORM OF THE MONETARY MANAGEMENT SYSTEM THROUGH ITS STRUCTURE AND DELETION THE ZEROS of them to control flow and manage the cost of the cash mass optimally." All I can say is WOW, WOW and WOW again. Folks we are witnessing the first steps towards the restarting the “project to delete the zeros”, at least the piece that will lead to what we want...that will bring us to the revaluation.
9-23-2017 Intel Guru RayRen98 "SUPPOSEDLY" ABADI ANNOUNCED NO RELEASE OF ECONOMIC REFORMS DUE TO POLITICAL UNREST IN THE COUNTRY. CITIZENS ARE UPSET...SUNDAY PAYS AT NEW RATE ARE REPORTED AS CANCELED. TIME WILL TELL ALL!
9-23-2017 Newshound Guru tlm724 Article: "Iran: Kurdistan referendum rejected" Quote: "The Supreme Leader of the Islamic Revolution, Ali Akbar Velayati, said on Saturday that the Islamic Republic of Iran rejects a referendum on Iraq's Kurdistan region and supports what the Iraqi government wants." Iran has made it's objections loud and clear, it's powerful stuff. We will see what happens as Sept 25th nears ... as investers we don't want this referendum to go forward. It will set things back in Iraq! We need them to concentrate on economic reform and policy not all this BS...
9-23-2017 Newshound Guru Adam Montana [Is this as good as it sounds?] I see a LOT of things that are pointing to major change! Abadi is a positive force in this matter...
9-23-2017 Newshound Guru G-Lin Article: "The World Bank is asking the Iraqi government to provide jobs to restore confidence with citizens" ...art. last week from IMF was very emphatic with their instructions. Increase your value and eliminate MCP. I think they are waiting for the security issue they have talked about for 2 years now. And they are very close to accomplishing their fight against ISIS. That may be it. If the Parl. manages to vote that 2nd amendment for CBI through, it could be a timing issue after that. They don't tell us everything. If the debt to Jordan and to Kuwait has been addressed, that would lift them entire from Chap. 7 I believe. The banks have been and continue to be brought up to International standards. Money laundering and corruption are being addressed. Some new currency would go a long way in that corruption fight. Let Abadi take the credit for winning the war and if he gives the peeps some purchasing power, his spot for P.M. next year would seem solid IMO. We are getting there...One thing is for sure, with all of Iraq's wealth, this increase in value will happen...JMO.
9-23-2017 Newshound/Intel Guru Mnt Goat "RESTRUCTURING THE IRAQI CURRENCY – PROJECT DELETE THREE ZEROS AND THOUSANDS OF CASH TRANSACTIONS" Quote: "ONE OF THESE SOLUTIONS IS THE REFORM OF THE MONETARY MANAGEMENT SYSTEM THROUGH ITS STRUCTURE AND DELETION THE ZEROS of them to control flow and manage the cost of the cash mass optimally." All I can say is WOW, WOW and WOW again. Folks we are witnessing the first steps towards the restarting the “project to delete the zeros”, at least the piece that will lead to what we want...that will bring us to the revaluation.
9-23-2017 Intel Guru RayRen98 "SUPPOSEDLY" ABADI ANNOUNCED NO RELEASE OF ECONOMIC REFORMS DUE TO POLITICAL UNREST IN THE COUNTRY. CITIZENS ARE UPSET...SUNDAY PAYS AT NEW RATE ARE REPORTED AS CANCELED. TIME WILL TELL ALL!
9-23-2017 Newshound Guru tlm724 Article: "Iran: Kurdistan referendum rejected" Quote: "The Supreme Leader of the Islamic Revolution, Ali Akbar Velayati, said on Saturday that the Islamic Republic of Iran rejects a referendum on Iraq's Kurdistan region and supports what the Iraqi government wants." Iran has made it's objections loud and clear, it's powerful stuff. We will see what happens as Sept 25th nears ... as investers we don't want this referendum to go forward. It will set things back in Iraq! We need them to concentrate on economic reform and policy not all this BS...
9-23-2017 Newshound Guru Adam Montana [Is this as good as it sounds?] I see a LOT of things that are pointing to major change! Abadi is a positive force in this matter...
9-22-2017 Intel Guru RayRen98 Yesterday we expected PM Abadi to address the UN, and that didn’t happen but he is on the schedule for tomorrow, September 23rd. It’s just a temporary delay and we don’t know exactly what he’s going to say. He did speak to the Iraqi people yesterday, but didn’t make a statement about the revaluation, just that the country is rich and oil, and the citizens will be rich as well. Then he spoke about the armed forces needed to liberate the provinces. So it didn’t have any impact on me, so to speak, because it didn’t talk about the change in pay rates the citizens are expecting on Sunday. However he may have said things that will release that on Sunday; we shall see. Banks are still on high alert, waiting for everything to come down the pike. ...we hope to be looking at this next week if the rates change on Sunday as the citizens expect them to, then the green light will be on at our banks...
9-22-2017 Newshound/Intel Guru Mnt Goat The CBI has spoken again on the project to delete the zeros. Quote: “presence of a large mass of zeros that were of little value and disproportionate to developments coming in the present and future of the Iraqi economy” This is exactly what we wanted to hear. It does not get any better than this...other than the RV itself... Folks this means they know they must change the currency and delete these zeros in for the future of the Iraqi economy. Everything I am seeing is pointing towards a January 2018 reinstatement of the currency. There is not one single event as a stitch of evidence but rather a weaved yarn of evidence pointing in this direction. Each time they had to postpone the event due to either Political Instability or Security reasons. I have been told this will not happen again and they are lining this up so they will go this time. But remember they told us the CBI or GOI will not “officially” announce a new timeframe again until the CBI is darn sure they can meet it. [post 2 of 2]
9-22-2017 Newshound/Intel Guru Mnt Goat I can...assure you without a shadow of doubt that there will NOT be an RV this weekend... In fact I do not even see a window for next week either... This of course could change but there is nothing to indicate it so far. ...rumors began to fly around ...and ...said Abadi was going to the UN in NYC on Thursday to give his speech to the UN. When he did not show up in NYC on Thursday...everyone is perplexed and don’t know where Abadi is. Folks who care where Abadi is? He is not going to announce the RV or make any speech relating to it or to trigger it. He has told everyone the economic reforms are completed but this does not mean much other than these reforms are in place but now need to be implemented fully. The currency revaluation is a result of these reforms and not the reforms themselves. [post 1 of 2....stay tuned]
9-22-2017 Intel Guru Jester FROM THE BEGINNING... WHICH I AM AWARE WE DIDN'T KNOW A DANG THING ABOUT WHAT WAS GOING ON BACK THEN... TO NOW... WHICH WE STILL DON'T KNOW EVERYTHING... BUT WE KNOW A GREAT DEAL MORE THAN WE DID... SO MUCH HAD OCCURRED AND BEEN ACCOMPLISHED THAT IT IS REALLY EASY TO SEE HOW FAR AWAY WE REALLY WERE... IT IS MUCH MUCH CLOSER THAN EVER...
9-22-2017 Newshound Guru Adam Montana [Do you smell that good ol' HCL coming around the corner...?] I sure do!
9-22-2017 Intel/Newshound Guru payray Article: "Iraqi oil: the completion of important steps to implement the agreement to export gas to Kuwait" Quote: "Al-Luaibi described the Kuwaiti side's endorsement of "the great achievement achieved after decades, which puts things in perspective and contributes to the settlement of all outstanding issues between the two countries and works to strengthen bilateral relations and expand investment opportunities and prospects for joint cooperation." This is exactly why I believe that Iraq's currency will be on par with Kuwait's... If not more rated higher per dollar... Don't think that the currency value of Iraq is not important to this nation's people when compared to their Kuwaiti neighbors... With far more resources, and the wealth they have been touting about, look for a dramatic increase in the Iraqi dinar...In my humble opinion of course...
9-22-2017 Newshound Guru G-Lin Article quote: "Iraq is close to exporting crude gas to Kuwait as part of an agreement between the two sides, Oil Minister Jabbar al-Luaibi said on Thursday." He said this is a great achievement achieved after decades, which puts things in perspective and contributes to the settlement of all outstanding issues between the two brotherly countries. Maybe the remaining debt to Kuwait is part of this deal.
9-22-2017 Intel Guru Bruce ...also...the ATMS were not live everywhere throughout Iraq. My understanding was 6 hours after that speech tonight [Thursday] ...which we do not know what happened to it, the ATMS would be put into play all over the country... In terms of where we are, I believe we are at the point things got very quiet starting at about 7:15pm tonight EST [Thursday] because we really don’t know where the announcement went from Abadi and whether it has been rescheduled yet. We are waiting again what shouldn’t be too much longer... It is still in a great place. [post 2 of 2]
9-22-2017 Intel Guru Bruce Many of us were looking for a speech by Abadi tonight [Thursday]. He did make a speech...in Iraq on these Jumbotron TV screens...in 9 providences. ...I do not have the content on it, but my understanding is it was a message for the Iraqi people about the RV of the Dinar. It wasn’t broadcasted so we could see it. What we were looking for was an announcement made to the world from the UN that Abadi was suppose to do. My understanding so far at this time he did not make that announcement tonight [Thursday]. We don’t know exactly why it didn’t go or if it was rescheduled to go for another time... It could be that speech was actually given and not aired and would be aired at a later or at an appropriate time. [post 1 of 2....stay tuned]
9-22-2017 Newshound Guru Militiaman Article: "Kuwait 's economy allocates most of its word in New York about Iraq..." Quote: "The Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah said his country plans to host an international conference next year for donors to support Iraq, in cooperation and coordination with Baghdad and the international community" "This would contribute to strengthening the efforts of national reconciliation among the various components of the Iraqi people and would restore security and stability and preserve the unity, independence and sovereignty of Iraq and create conditions for the start of reconstruction and reconstruction efforts. To their areas." The National Reconciliation may be at their finger tips, within hours and not months or weeks now. A full liberation may just do the trick! It has been said yesterday if I read that right, as in 48 hours.. Time has flown by since..
9-22-2017 Newshound Guru Walkingstick Article: "Confusion over the Iraq speech at the UN that never was" Quotes: "Iraq's prime minister Haider Al-Abadi pulled out of trip to New York amid political crisis at home" "Confusion reigned Thursday afternoon as Iraq’s allotted time to deliver its address to the UN General Assembly came and went – without a word from the Iraqi delegation." Regardless, keep in mind...Whether Abadi or an alternate address the UN, or not... If, they keep up the accelerated pace, as they did in liberating west of Anbar... Claiming, a nearing complete liberation of Iraq (possibly within 48 hours), per articles ... I believe, his addressing the Iraqis and the world.. From, within Iraq... Announcing a complete liberation, secure borders...will have a much greater impact on the Iraqis themselves, and world bodies...then, a speech at the podium of the UN.. It appears, in reading .. he intends to do just that.... We wait, to see...
9-22-2017 Intel/Newshound Guru payray And we have the fact that Iraq has been boasting this past year about the wealth they have within their country...They are going to need some buying power ASAP... So that this reconstruction, and rebuilding of their economy process can hit the ground running...Lots of orchestration leading up to a moment that will be soon upon us... It has be a dramatic change in value... I am more of the opinion of them coming out at the least the high 2's, and close to 4 dollar range... This country is loaded... One that will instill confidence not only within the ordinary Iraqi citizen... But the world at large as well that Iraq is back in a huge way... [post 2 of 2]
9-22-2017 Newshound/Intel Guru Mnt Goat The CBI has spoken again on the project to delete the zeros. Quote: “presence of a large mass of zeros that were of little value and disproportionate to developments coming in the present and future of the Iraqi economy” This is exactly what we wanted to hear. It does not get any better than this...other than the RV itself... Folks this means they know they must change the currency and delete these zeros in for the future of the Iraqi economy. Everything I am seeing is pointing towards a January 2018 reinstatement of the currency. There is not one single event as a stitch of evidence but rather a weaved yarn of evidence pointing in this direction. Each time they had to postpone the event due to either Political Instability or Security reasons. I have been told this will not happen again and they are lining this up so they will go this time. But remember they told us the CBI or GOI will not “officially” announce a new timeframe again until the CBI is darn sure they can meet it. [post 2 of 2]
9-22-2017 Newshound/Intel Guru Mnt Goat I can...assure you without a shadow of doubt that there will NOT be an RV this weekend... In fact I do not even see a window for next week either... This of course could change but there is nothing to indicate it so far. ...rumors began to fly around ...and ...said Abadi was going to the UN in NYC on Thursday to give his speech to the UN. When he did not show up in NYC on Thursday...everyone is perplexed and don’t know where Abadi is. Folks who care where Abadi is? He is not going to announce the RV or make any speech relating to it or to trigger it. He has told everyone the economic reforms are completed but this does not mean much other than these reforms are in place but now need to be implemented fully. The currency revaluation is a result of these reforms and not the reforms themselves. [post 1 of 2....stay tuned]
9-22-2017 Intel Guru Jester FROM THE BEGINNING... WHICH I AM AWARE WE DIDN'T KNOW A DANG THING ABOUT WHAT WAS GOING ON BACK THEN... TO NOW... WHICH WE STILL DON'T KNOW EVERYTHING... BUT WE KNOW A GREAT DEAL MORE THAN WE DID... SO MUCH HAD OCCURRED AND BEEN ACCOMPLISHED THAT IT IS REALLY EASY TO SEE HOW FAR AWAY WE REALLY WERE... IT IS MUCH MUCH CLOSER THAN EVER...
9-22-2017 Newshound Guru Adam Montana [Do you smell that good ol' HCL coming around the corner...?] I sure do!
9-22-2017 Intel/Newshound Guru payray Article: "Iraqi oil: the completion of important steps to implement the agreement to export gas to Kuwait" Quote: "Al-Luaibi described the Kuwaiti side's endorsement of "the great achievement achieved after decades, which puts things in perspective and contributes to the settlement of all outstanding issues between the two countries and works to strengthen bilateral relations and expand investment opportunities and prospects for joint cooperation." This is exactly why I believe that Iraq's currency will be on par with Kuwait's... If not more rated higher per dollar... Don't think that the currency value of Iraq is not important to this nation's people when compared to their Kuwaiti neighbors... With far more resources, and the wealth they have been touting about, look for a dramatic increase in the Iraqi dinar...In my humble opinion of course...
9-22-2017 Newshound Guru G-Lin Article quote: "Iraq is close to exporting crude gas to Kuwait as part of an agreement between the two sides, Oil Minister Jabbar al-Luaibi said on Thursday." He said this is a great achievement achieved after decades, which puts things in perspective and contributes to the settlement of all outstanding issues between the two brotherly countries. Maybe the remaining debt to Kuwait is part of this deal.
9-22-2017 Intel Guru Bruce ...also...the ATMS were not live everywhere throughout Iraq. My understanding was 6 hours after that speech tonight [Thursday] ...which we do not know what happened to it, the ATMS would be put into play all over the country... In terms of where we are, I believe we are at the point things got very quiet starting at about 7:15pm tonight EST [Thursday] because we really don’t know where the announcement went from Abadi and whether it has been rescheduled yet. We are waiting again what shouldn’t be too much longer... It is still in a great place. [post 2 of 2]
9-22-2017 Intel Guru Bruce Many of us were looking for a speech by Abadi tonight [Thursday]. He did make a speech...in Iraq on these Jumbotron TV screens...in 9 providences. ...I do not have the content on it, but my understanding is it was a message for the Iraqi people about the RV of the Dinar. It wasn’t broadcasted so we could see it. What we were looking for was an announcement made to the world from the UN that Abadi was suppose to do. My understanding so far at this time he did not make that announcement tonight [Thursday]. We don’t know exactly why it didn’t go or if it was rescheduled to go for another time... It could be that speech was actually given and not aired and would be aired at a later or at an appropriate time. [post 1 of 2....stay tuned]
9-22-2017 Newshound Guru Militiaman Article: "Kuwait 's economy allocates most of its word in New York about Iraq..." Quote: "The Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah said his country plans to host an international conference next year for donors to support Iraq, in cooperation and coordination with Baghdad and the international community" "This would contribute to strengthening the efforts of national reconciliation among the various components of the Iraqi people and would restore security and stability and preserve the unity, independence and sovereignty of Iraq and create conditions for the start of reconstruction and reconstruction efforts. To their areas." The National Reconciliation may be at their finger tips, within hours and not months or weeks now. A full liberation may just do the trick! It has been said yesterday if I read that right, as in 48 hours.. Time has flown by since..
9-22-2017 Newshound Guru Walkingstick Article: "Confusion over the Iraq speech at the UN that never was" Quotes: "Iraq's prime minister Haider Al-Abadi pulled out of trip to New York amid political crisis at home" "Confusion reigned Thursday afternoon as Iraq’s allotted time to deliver its address to the UN General Assembly came and went – without a word from the Iraqi delegation." Regardless, keep in mind...Whether Abadi or an alternate address the UN, or not... If, they keep up the accelerated pace, as they did in liberating west of Anbar... Claiming, a nearing complete liberation of Iraq (possibly within 48 hours), per articles ... I believe, his addressing the Iraqis and the world.. From, within Iraq... Announcing a complete liberation, secure borders...will have a much greater impact on the Iraqis themselves, and world bodies...then, a speech at the podium of the UN.. It appears, in reading .. he intends to do just that.... We wait, to see...
9-22-2017 Intel/Newshound Guru payray And we have the fact that Iraq has been boasting this past year about the wealth they have within their country...They are going to need some buying power ASAP... So that this reconstruction, and rebuilding of their economy process can hit the ground running...Lots of orchestration leading up to a moment that will be soon upon us... It has be a dramatic change in value... I am more of the opinion of them coming out at the least the high 2's, and close to 4 dollar range... This country is loaded... One that will instill confidence not only within the ordinary Iraqi citizen... But the world at large as well that Iraq is back in a huge way... [post 2 of 2]
9-21-2017 Intel/Newshound Guru payray I believe it will come out at a higher rate simply because of the bills that have to be paid... Iraqi's will not be happy with a lower rate... When I say higher rate I am talking about a rate that will be more that just 1 to 1.... 1.30 dollars to 1 dinar ect for example... This is how they are going to get the higher notes off of the streets... Something they have been writing about as of late quite frequently... The Iraqi people will not be very happy with a .05 cent to 1 dinar rate in any way shape, or form... They have been waiting patiently for far too long... Especially when you have Jordan at 1.40 dollars to 1, and of course Kuwait at 3 plus dollars to 1 dinar... [post 1 of 2....stay tuned]
9-21-2017 Newshound Guru Enorrste Article: "Private Banks Association organizes a workshop on safety requirements for financial systems conversion" Quote: "This workshop comes at a very important time is determinedly Iraqi banks open up to the regional and international banks and boost confidence between them to reflect positively on the banking sector." It seems to me that this movement that we are seeing on several different fronts at this time is being driven quietly from the IMF in the background. They stated last year that it was their intention to bring Iraq into the world market in the first half of 2017. They did not make that goal, obviously, but we continue to see progress (at the Iraqi rate, unfortunately) toward that goal. This symposium/training is clearly geared, as KAP [Guru Kaperoni] has rightly stated, to something that is "on the horizon" rather than down the road a way. I would not be surprised to see Iraq move into Article 8 late this year and start the float either at that time or at the beginning of next year. Saleh seemed to indicate some time ago that changes like these must take place at the beginning of a year. [reference Guru Kaperoni post 9-21-2017]
9-21-2017 Newshound Guru Kaperoni Article: "Private Banks Association organizes a workshop on safety requirements for financial systems conversion" Quote: "This workshop comes at a very important time is determinedly Iraqi banks open up to the regional and international banks and boost confidence between them to reflect positively on the banking sector." I have said this before, you don't train people for a task they will be doing a year from now. This to me clearly implies they expect to engage with the worlds banking system within a few months or less. We can hope.
9-21-2017 Newshound Guru G-Lin It's a little slow on news. Today is a holiday in Iraq. Islamic New Year...A lot of good stuff going on currently. Maybe the calm before the storm.
9-21-2017 Intel Guru Frank26 Article: "Kuwait to help Iraq fulfill UNSC commitments" Quote: "Kuwait said Wednesday it would cooperate with Iraq to fulfill commitments towards Kuwait as listed in UN Security Council resolutions..." Today we have KW [Kuwait] backing A [Abadi ?] and Iraq ...Nice (big smile).
9-21-2017 Newshound Guru MilitiaMan I am glad to see that Iraq is openly speaking about full liberation of their country if I read that right today. They have made immense progress under the leadership of Abadi. They deserve a leader like him to bring peace, unity and reconciliation. They now deserve to have what that brings too. A fully convertible currency that is not restricted and is back to her former glory! Let's see if that holds true, they are the ones who said that it will be... Today is the 21st of the month. We have read where that is the day business owners submit if you will the data for the remittance's to be paid on the 28th of the month. I wonder if that holds true today?
9-21-2017 Intel Guru RayRen98 [Did they say $3.71 at the national rate for Iraq?] You will see 3.71 is the international rate, so far as I am being told. However, that is the sell rate, not the buy rate. That is the rate the bank will SELL the dinar to you, and the BUY rate is what the bank will offer to you in exchange for your dinar. The $3.71 will be the rate you see on the screen, and the bank will tell you what rate they will buy your dinar at – they will be upfront with that. There are always two rates for any currency. Those are the rates we were told two years ago...
9-21-2017 Newshound Guru Adam Montana ...after the initial 3-6 months, resume normal auctions and let the market determine the future rate. This is the "Float" period, where the market can easily drive up the value to $1 and beyond. That initial 3-6 months allows the CBI to directly manipulate the currency supply, possibly introduce an entirely new printed currency, and control their expenditures while simultaneously profiting from the exchanges. [post 2 of 2]
9-21-2017 Newshound Guru Adam Montana [...assuming the CBI elects to "Float" the Dinar from it's current value and removing zero's maybe one at a time...do you see this process taking up to a year...to have a value close to 1 to 1 with the us dollar? ...how long from the time they start the "Float" until (you believe) they start removing the large denomination bills (those bills larger than 100 IQD).] yes, the float process could certainly take up to a year, maybe more or less. I believe we'll be looking at a hybrid situation between peg/float - a likely scenario is this: First, revalue to around 10 cents per USD. (It is almost certain to remain pegged to the USD at this time, regardless of how they revalue.) That rate could be "fixed" for a period of 3 months, up to 6 months, while the larger denominations are collected and removed. This is the "Pegged" period. Next... [post 1 of 2....stay tuned]
9-21-2017 Intel/Newshound Guru payray [Big Screen TV erected , “The screen will be for the purpose of announcing the results of the upcoming elections and placed at the entrance of the House of Representatives..." Other articles had said that Abadi will be in NEW YORK to give a speech to the UN on Thursday the 21. ] The local elections were cancelled...unto further notice... They were supposed to be on the 16th of Sept... They informed the public via the media on the 17th... I wonder who showed up only to find out no voting... It would not surprise me if there is a smoke screen of sorts going on here... Abadi is playing the rope a dope as to whether or not he is going to New York, or sticking around in his native country... Interesting time, and this has the potential of being a very eventful week for the Iraqi people, as well as us dinar investors... I am a bit stoked about it frankly...
9-21-2017 Newshound Guru chattels Kurdistan and the world need to be prepared for any eventuality. The only thing I am reasonably sure of is that there will be a referendum and the Kurds will vote for independence. What follows is unknown. Iraq is unpredictable. Period.
9-21-2017 Newshound Guru Enorrste Article: "Private Banks Association organizes a workshop on safety requirements for financial systems conversion" Quote: "This workshop comes at a very important time is determinedly Iraqi banks open up to the regional and international banks and boost confidence between them to reflect positively on the banking sector." It seems to me that this movement that we are seeing on several different fronts at this time is being driven quietly from the IMF in the background. They stated last year that it was their intention to bring Iraq into the world market in the first half of 2017. They did not make that goal, obviously, but we continue to see progress (at the Iraqi rate, unfortunately) toward that goal. This symposium/training is clearly geared, as KAP [Guru Kaperoni] has rightly stated, to something that is "on the horizon" rather than down the road a way. I would not be surprised to see Iraq move into Article 8 late this year and start the float either at that time or at the beginning of next year. Saleh seemed to indicate some time ago that changes like these must take place at the beginning of a year. [reference Guru Kaperoni post 9-21-2017]
9-21-2017 Newshound Guru Kaperoni Article: "Private Banks Association organizes a workshop on safety requirements for financial systems conversion" Quote: "This workshop comes at a very important time is determinedly Iraqi banks open up to the regional and international banks and boost confidence between them to reflect positively on the banking sector." I have said this before, you don't train people for a task they will be doing a year from now. This to me clearly implies they expect to engage with the worlds banking system within a few months or less. We can hope.
9-21-2017 Newshound Guru G-Lin It's a little slow on news. Today is a holiday in Iraq. Islamic New Year...A lot of good stuff going on currently. Maybe the calm before the storm.
9-21-2017 Intel Guru Frank26 Article: "Kuwait to help Iraq fulfill UNSC commitments" Quote: "Kuwait said Wednesday it would cooperate with Iraq to fulfill commitments towards Kuwait as listed in UN Security Council resolutions..." Today we have KW [Kuwait] backing A [Abadi ?] and Iraq ...Nice (big smile).
9-21-2017 Newshound Guru MilitiaMan I am glad to see that Iraq is openly speaking about full liberation of their country if I read that right today. They have made immense progress under the leadership of Abadi. They deserve a leader like him to bring peace, unity and reconciliation. They now deserve to have what that brings too. A fully convertible currency that is not restricted and is back to her former glory! Let's see if that holds true, they are the ones who said that it will be... Today is the 21st of the month. We have read where that is the day business owners submit if you will the data for the remittance's to be paid on the 28th of the month. I wonder if that holds true today?
9-21-2017 Intel Guru RayRen98 [Did they say $3.71 at the national rate for Iraq?] You will see 3.71 is the international rate, so far as I am being told. However, that is the sell rate, not the buy rate. That is the rate the bank will SELL the dinar to you, and the BUY rate is what the bank will offer to you in exchange for your dinar. The $3.71 will be the rate you see on the screen, and the bank will tell you what rate they will buy your dinar at – they will be upfront with that. There are always two rates for any currency. Those are the rates we were told two years ago...
9-21-2017 Newshound Guru Adam Montana ...after the initial 3-6 months, resume normal auctions and let the market determine the future rate. This is the "Float" period, where the market can easily drive up the value to $1 and beyond. That initial 3-6 months allows the CBI to directly manipulate the currency supply, possibly introduce an entirely new printed currency, and control their expenditures while simultaneously profiting from the exchanges. [post 2 of 2]
9-21-2017 Newshound Guru Adam Montana [...assuming the CBI elects to "Float" the Dinar from it's current value and removing zero's maybe one at a time...do you see this process taking up to a year...to have a value close to 1 to 1 with the us dollar? ...how long from the time they start the "Float" until (you believe) they start removing the large denomination bills (those bills larger than 100 IQD).] yes, the float process could certainly take up to a year, maybe more or less. I believe we'll be looking at a hybrid situation between peg/float - a likely scenario is this: First, revalue to around 10 cents per USD. (It is almost certain to remain pegged to the USD at this time, regardless of how they revalue.) That rate could be "fixed" for a period of 3 months, up to 6 months, while the larger denominations are collected and removed. This is the "Pegged" period. Next... [post 1 of 2....stay tuned]
9-21-2017 Intel/Newshound Guru payray [Big Screen TV erected , “The screen will be for the purpose of announcing the results of the upcoming elections and placed at the entrance of the House of Representatives..." Other articles had said that Abadi will be in NEW YORK to give a speech to the UN on Thursday the 21. ] The local elections were cancelled...unto further notice... They were supposed to be on the 16th of Sept... They informed the public via the media on the 17th... I wonder who showed up only to find out no voting... It would not surprise me if there is a smoke screen of sorts going on here... Abadi is playing the rope a dope as to whether or not he is going to New York, or sticking around in his native country... Interesting time, and this has the potential of being a very eventful week for the Iraqi people, as well as us dinar investors... I am a bit stoked about it frankly...
9-21-2017 Newshound Guru chattels Kurdistan and the world need to be prepared for any eventuality. The only thing I am reasonably sure of is that there will be a referendum and the Kurds will vote for independence. What follows is unknown. Iraq is unpredictable. Period.
9-20-2017 Intel Guru RayRen98 Thursday is a holiday, and banks are closed on Friday anyway, but Sunday the banks are open in Iraq, and that is the day they expect to receive their pay, and they expect it at the new rate – and that is probably what Abadi will announce on Thursday, with the rate being released on Sunday the 24th. The Kurds have already put out the message that their citizens will be paid on Thursday under the new rate... There’s also a possibility that from late tonight the ATMs will start dispensing the new lower denominations. We shall see. We also have screen rates being reported to us from various sources: dinar @ $3.71, and dong @ 47 cents. That’s nothing new, but it is coming from more sources, and that says something. We are expecting a lot in the next few days. I think it is time for the chips to start falling. [post 2 of 2]
9-20-2017 Intel Guru RayRen98 ...the information coming from the CBI and the Iraqi television continues to tell the citizens over there that their currency will gain in value in the month of September. In addition to that, the television is urging people to do their banking, and what to do when the lower denominations come into play. The campaign is letting them know something is happening... All eyes are now on Thursday, when Abadi is making a speech to the UN. Info has already come out that he will be making a presentation on ‘internationalism’...it will be broadcast in all the provinces at 6.30 Iraqi time. [post 1 of 2....stay tuned]
9-20-2017 Newshound Guru Adam Montana Other tidbits - the current OPEC agreement contains a limit on production, which Iraq is essentially exempt from. Yet Iraq and the rest of the members of OPEC seem to be glossing over that small fact...in fact, the Iraqi Oil Minister just this week said they are in agreement to extend that contract, speaking as if Iraq was actually taking part in it. I laughed out loud when I read that! They are playing their cards well. There are representatives from Baghdad visiting Erbil, I believe tomorrow (Thursday). I’m very interested to see what this brings, and I’m crossing my fingers that we see some HCL news. That is what this all comes down to, after all. HCL = RV = $$$ for Iraqis (Kurds are included in that group!) and this whole referendum gets set aside for a couple years. Maybe they will pick it back up in the future, and maybe they will actually secede and become their own country...but at that point, I’m not sure if I’ll even care, because the RV will be done and we will all have moved on.
9-20-2017 Newshound Guru Adam Montana The HCL has been dragging on for too long at this point. ISIS was a factor. That’s done. After Saddam was removed, they had a lot of cleaning up to do. Iraq is looking pretty darn tidy! Yes, they have issues...so does Turkey, Kuwait, the United States and every other country with a higher valued currency. The Turkish Lira is 30 cents to the dollar. One USD will only get you a third of a Kuwaiti Dinar. It has not been so long since the Iraqi Dinar was also within that range, or higher, and you can bet that they remember and know that fact much more than any of us. [post 1 of 2....stay tuned]
9-20-2017 Intel Guru Bruce When it comes to the rates, I just going to say the rates have been traded. We know there is some movement up again. I think we all are going to be very pleased. I am hearing some really very positive things about things that should be going down...tomorrow thru Friday. I am not trying to call it. This is not calling it. I am just telling you the timing is right. Everything is ready. Speeches are meaningful. They mean something especially Abadi speech. Then following Abadi on Thursday morning EST, I believe the new head of CBI is going to give speech also from the CBI in Iraq. I believe that speech will be carried on throughout Iraq as well. I think that is when they will get information about their currency rate so on. That is only my opinion what might happen. [post 2 of 2]
9-20-2017 Intel Guru Bruce Iraq has erected 7 huge screen monitors, something you see at a huge football arena to give you replays... sent by China to Iraq in 7 different provinces in Iraq. For what purpose? Why would they be there in 7 provinces in Iraq? They are there so the Iraqis can see firsthand Abadi making the speech in the UN on Thursday morning, New York time. That is big, and so big that Iraq is calling Thursday, September 22, sort of a holiday. What else? What would be announced? You can only guess how deep will it go? They were supposed to be paid at the new rates all over the country. I am talking about salary pensions, profit sharing, everything you can think of at the new rate on Thursday, but because of this holiday they pushed all of that to Sunday... All of those new payments will go out at the new rate on Sunday. [post 1 of 2....stay tuned]
9-20-2017 Newshound Guru Adam Montana The distinction between the Kurdish Regional Government and actual Iraqi government is a big deal. The Kurds actually signed and helped write at least the portion of the Iraqi constitution that makes such a referendum illegal. This simply clarifies that the Kurds are not an autonomous people - they are technically (politically speaking) Iraqis. That means Baghdad trumps Erbil. The United States, Turkey, and other countries have voiced disapproval of the separation, but here is the end-of-the-road... ...I don’t think a separation will happen.... Let’s look back at the last 2, 3, 5, heck...TEN years...how long have we been hearing about the Kurds threatening to secede? It’s always been a topic, but only recently it is in the news daily. Why would that be, one might ask...the answer is simple. We are on the cusp of some major happenings. [post 2 of 2]
9-20-2017 Newshound Guru Adam Montana It’s been a while getting here, and nobody knows where exactly “here” is quite yet, but what I DO know is we have a LOT going on right now! There is an upcoming referendum in just a few days where the KRG (Kurdistan Regional Government) is attempting to “vote” on “Independence”. While the “vote” isn’t something I’m personally putting a lot of weight on, the statements and actions surrounding and connected to it are certainly worth paying attention to. Abadi had previously spoken out against the referendum (scheduled for Sept 25th), but now the Supreme Court (Iraq) has actually issued a ruling ordering them to completely suspend any preparations for such a vote, based on it being “unconstitutional”. [post 1 of 2....stay tuned]
9-20-2017 Intel/Newshound Guru payray The Media Office the PM- Twitter... "Dr. Haider Abadi: Oil for all Iraqis, land for all Iraqis, and wealth for all Iraqis." If that does not get the Iraqi citizens just a little excited!... All I can say is that I hope they deliver simply because there seems to be a buildup of sorts... A huge party on Thursday evening, putting up giant screens at the parliament building, the CBI governor sponsoring this huge event along with bank representatives, and last but not least, all of this talk of increasing the dinar's value during this last year... The CBI governor is even going to be at this gathering during this World Peace gathering... Why I ask?... Not trying to give anyone false hope, but if we are not just a little excited about this coming week... Being a little enlivened is not such a bad thing is it?...
9-20-2017 Newshound Guru chattels Article: "Abadi renews his rejection of the referendum and calls for adherence to the unity of iraq" My sense is that this crisis over the referendum will prove to be largely rhetorical. I believe that Abadi would have preferred to not have commented so strongly against the KUrds, but there are pressures on him from the National Alliance in Baghdad to do something.
9-20-2017 Newshound/Intel Guru Mnt Goat Article: "The CBI confirmed the possibility of expanding electronic payment activities" Quote: "The Central Bank called on mobile phone companies to adopt the new regulations issued by them to work in accordance with the developments of the work of the retail payment system" More expansion of electronic payment systems. This time payment through cell phones. ...this is all good. No need to issue paper notes anymore back into circulation. This is all good as part of the project to delete the zeros.
9-20-2017 Intel Guru RayRen98 ...the information coming from the CBI and the Iraqi television continues to tell the citizens over there that their currency will gain in value in the month of September. In addition to that, the television is urging people to do their banking, and what to do when the lower denominations come into play. The campaign is letting them know something is happening... All eyes are now on Thursday, when Abadi is making a speech to the UN. Info has already come out that he will be making a presentation on ‘internationalism’...it will be broadcast in all the provinces at 6.30 Iraqi time. [post 1 of 2....stay tuned]
9-20-2017 Newshound Guru Adam Montana Other tidbits - the current OPEC agreement contains a limit on production, which Iraq is essentially exempt from. Yet Iraq and the rest of the members of OPEC seem to be glossing over that small fact...in fact, the Iraqi Oil Minister just this week said they are in agreement to extend that contract, speaking as if Iraq was actually taking part in it. I laughed out loud when I read that! They are playing their cards well. There are representatives from Baghdad visiting Erbil, I believe tomorrow (Thursday). I’m very interested to see what this brings, and I’m crossing my fingers that we see some HCL news. That is what this all comes down to, after all. HCL = RV = $$$ for Iraqis (Kurds are included in that group!) and this whole referendum gets set aside for a couple years. Maybe they will pick it back up in the future, and maybe they will actually secede and become their own country...but at that point, I’m not sure if I’ll even care, because the RV will be done and we will all have moved on.
9-20-2017 Newshound Guru Adam Montana The HCL has been dragging on for too long at this point. ISIS was a factor. That’s done. After Saddam was removed, they had a lot of cleaning up to do. Iraq is looking pretty darn tidy! Yes, they have issues...so does Turkey, Kuwait, the United States and every other country with a higher valued currency. The Turkish Lira is 30 cents to the dollar. One USD will only get you a third of a Kuwaiti Dinar. It has not been so long since the Iraqi Dinar was also within that range, or higher, and you can bet that they remember and know that fact much more than any of us. [post 1 of 2....stay tuned]
9-20-2017 Intel Guru Bruce When it comes to the rates, I just going to say the rates have been traded. We know there is some movement up again. I think we all are going to be very pleased. I am hearing some really very positive things about things that should be going down...tomorrow thru Friday. I am not trying to call it. This is not calling it. I am just telling you the timing is right. Everything is ready. Speeches are meaningful. They mean something especially Abadi speech. Then following Abadi on Thursday morning EST, I believe the new head of CBI is going to give speech also from the CBI in Iraq. I believe that speech will be carried on throughout Iraq as well. I think that is when they will get information about their currency rate so on. That is only my opinion what might happen. [post 2 of 2]
9-20-2017 Intel Guru Bruce Iraq has erected 7 huge screen monitors, something you see at a huge football arena to give you replays... sent by China to Iraq in 7 different provinces in Iraq. For what purpose? Why would they be there in 7 provinces in Iraq? They are there so the Iraqis can see firsthand Abadi making the speech in the UN on Thursday morning, New York time. That is big, and so big that Iraq is calling Thursday, September 22, sort of a holiday. What else? What would be announced? You can only guess how deep will it go? They were supposed to be paid at the new rates all over the country. I am talking about salary pensions, profit sharing, everything you can think of at the new rate on Thursday, but because of this holiday they pushed all of that to Sunday... All of those new payments will go out at the new rate on Sunday. [post 1 of 2....stay tuned]
9-20-2017 Newshound Guru Adam Montana The distinction between the Kurdish Regional Government and actual Iraqi government is a big deal. The Kurds actually signed and helped write at least the portion of the Iraqi constitution that makes such a referendum illegal. This simply clarifies that the Kurds are not an autonomous people - they are technically (politically speaking) Iraqis. That means Baghdad trumps Erbil. The United States, Turkey, and other countries have voiced disapproval of the separation, but here is the end-of-the-road... ...I don’t think a separation will happen.... Let’s look back at the last 2, 3, 5, heck...TEN years...how long have we been hearing about the Kurds threatening to secede? It’s always been a topic, but only recently it is in the news daily. Why would that be, one might ask...the answer is simple. We are on the cusp of some major happenings. [post 2 of 2]
9-20-2017 Newshound Guru Adam Montana It’s been a while getting here, and nobody knows where exactly “here” is quite yet, but what I DO know is we have a LOT going on right now! There is an upcoming referendum in just a few days where the KRG (Kurdistan Regional Government) is attempting to “vote” on “Independence”. While the “vote” isn’t something I’m personally putting a lot of weight on, the statements and actions surrounding and connected to it are certainly worth paying attention to. Abadi had previously spoken out against the referendum (scheduled for Sept 25th), but now the Supreme Court (Iraq) has actually issued a ruling ordering them to completely suspend any preparations for such a vote, based on it being “unconstitutional”. [post 1 of 2....stay tuned]
9-20-2017 Intel/Newshound Guru payray The Media Office the PM- Twitter... "Dr. Haider Abadi: Oil for all Iraqis, land for all Iraqis, and wealth for all Iraqis." If that does not get the Iraqi citizens just a little excited!... All I can say is that I hope they deliver simply because there seems to be a buildup of sorts... A huge party on Thursday evening, putting up giant screens at the parliament building, the CBI governor sponsoring this huge event along with bank representatives, and last but not least, all of this talk of increasing the dinar's value during this last year... The CBI governor is even going to be at this gathering during this World Peace gathering... Why I ask?... Not trying to give anyone false hope, but if we are not just a little excited about this coming week... Being a little enlivened is not such a bad thing is it?...
9-20-2017 Newshound Guru chattels Article: "Abadi renews his rejection of the referendum and calls for adherence to the unity of iraq" My sense is that this crisis over the referendum will prove to be largely rhetorical. I believe that Abadi would have preferred to not have commented so strongly against the KUrds, but there are pressures on him from the National Alliance in Baghdad to do something.
9-20-2017 Newshound/Intel Guru Mnt Goat Article: "The CBI confirmed the possibility of expanding electronic payment activities" Quote: "The Central Bank called on mobile phone companies to adopt the new regulations issued by them to work in accordance with the developments of the work of the retail payment system" More expansion of electronic payment systems. This time payment through cell phones. ...this is all good. No need to issue paper notes anymore back into circulation. This is all good as part of the project to delete the zeros.
9-19-2017 Intel Guru Dr. Clarke THE NEXT 5 DAYS are...BIG...but it’s NOT the End. YET. the Foggy Path really clears up this week, finally after over 12 years. We’re NOT calling an RV DATE or an RV RATE...There’s a Proverbial Record Setting HURRICANE COMING!...and the Winds are picking up Speed Rapidly...Find the “EYE”...wait for it. MOVE on the 4th DAY. “GET YOUR AFFAIRS IN ORDER” NOW.
9-19-2017 Newshound Guru Shredd Article: "IMF calls for the restructuring of the rational and Rafidain Bank" Quote: "The International Monetary Fund (IMF) on Monday called on the Iraqi authorities to restructure the Rasheed and Rafidain banks and strengthen the legal framework of the central bank, calling for the cancellation of the remaining entry on the dinar exchange rate." Yes! Eliminate the remaining restriction on the exchange rate! Outstanding!
9-19-2017 Newshound Guru G-Lin ...Iraq has proven me wrong on many opinions to date. But things are starting to feel a little different. Different good.
9-19-2017 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK TO TACKLE HOARDING OF IRAQI DINARS" Quote: "The Central Bank of Iraq (CBI) has held symposium entitled “Analysis of the phenomenon of Hoarding in Iraq“, addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system." ...this is directly related to the “project to delete the zeros” ...this is one of the issues with holding back the RV. The CBI must get to a certain % (according to IMF) to get the older 3 zero notes out of circulation. They need to reduce the circulated 3 zero notes to 2/3 of what is was in 2005-2016 issues. This is directly related RV news. We are...following the CBI process leading to the RV.
9-19-2017 Newshound Guru Shredd If that's not what we're looking for, I don't know what is! The part we should be excited about is a market economy has a floating rate currency. This confirms the Central Bank's aim to transition to a market economy. A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. There is little government intervention or central planning. Awesome article! [post 2 of 2]
9-19-2017 Newshound Guru Shredd Article: "The central calls for new controls for the retail payment system" Quote: "...the central bank was keen to implement plans aimed at facilitating the transition to a market economy and liberating itself from the totalitarian regime, which has become totally incompatible with the requirements of the current stage." I also like the point that the existing system is incompatible with the stage they are CURRENTLY at! Not the stage they want to get to, the stage they are CURRENTLY at! So, they are ready NOW to transition to a market economy. [post 1 of 2....stay tuned]
9-19-2017 Intel Guru RayRen98 [Why would they get to this point and just hold everything? Or is just US that’s on hold?] It’s not just us on hold, it’s a process that is unfolding in its own time and space. Yes, we expected good news over the weekend. That doesn’t mean it’s being held up; we won’t know until it happens or doesn’t happen on the office release date.
9-19-2017 Newshound Guru G-Lin I'm...excited about the...art. stating the IMF gave them instructions to cancel the remaining restriction on the exchange rate and practice multiple exchange rates, And the implementation of measures to combat money laundering and the financing of terrorism and fight corruption. To me this is saying remove that last restriction and give the dinar a true rate and that would eliminate MCP and by doing so it will fight terrorism and corruption. It also says to me that they are Art. 8 compliant and they need to de-dollarize...this has been requested by the IMF in every Art. !V consultation I have read and now it sounds like a direct order. We don't have any idea when this will happen but Iraq started listening to the IMF this year and in order to get the loans from them and the World Bank, they must perform to their instructions. Add to all of the above the fact that the second amendment to the CBI Law was discussed in Parl. last week it makes for some pretty exciting speculation. If they aren't ready to change the value, they are making preparations to do so. As usual this is just my opinion.
9-19-2017 Newshound/Intel Guru Mnt Goat So first of all, I want to tell everyone right up front there is NOT going to be a reinstatement or revaluation of the Iraqi dinar this week. There is no indication of this happening. Today’s news is mostly about the Kuristan referendum with only a week remaining until September 25th deadline, the day of the proposed vote. Meanwhile the Kurdish media reports revealed that the KRG is planning (if necessary) the issuing its own national currency pending its release, once the region's declaration of independence, dubbed "DRO", which means "dinar" in Kurdish, is announced. WOW! WOW! and WOW! What impact could this have on the newer currency we know will be shortly issued? Will this hold up the reinstatement?
9-19-2017 Newshound Guru Shredd Article: "IMF calls for the restructuring of the rational and Rafidain Bank" Quote: "The International Monetary Fund (IMF) on Monday called on the Iraqi authorities to restructure the Rasheed and Rafidain banks and strengthen the legal framework of the central bank, calling for the cancellation of the remaining entry on the dinar exchange rate." Yes! Eliminate the remaining restriction on the exchange rate! Outstanding!
9-19-2017 Newshound Guru G-Lin ...Iraq has proven me wrong on many opinions to date. But things are starting to feel a little different. Different good.
9-19-2017 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK TO TACKLE HOARDING OF IRAQI DINARS" Quote: "The Central Bank of Iraq (CBI) has held symposium entitled “Analysis of the phenomenon of Hoarding in Iraq“, addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system." ...this is directly related to the “project to delete the zeros” ...this is one of the issues with holding back the RV. The CBI must get to a certain % (according to IMF) to get the older 3 zero notes out of circulation. They need to reduce the circulated 3 zero notes to 2/3 of what is was in 2005-2016 issues. This is directly related RV news. We are...following the CBI process leading to the RV.
9-19-2017 Newshound Guru Shredd If that's not what we're looking for, I don't know what is! The part we should be excited about is a market economy has a floating rate currency. This confirms the Central Bank's aim to transition to a market economy. A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. There is little government intervention or central planning. Awesome article! [post 2 of 2]
9-19-2017 Newshound Guru Shredd Article: "The central calls for new controls for the retail payment system" Quote: "...the central bank was keen to implement plans aimed at facilitating the transition to a market economy and liberating itself from the totalitarian regime, which has become totally incompatible with the requirements of the current stage." I also like the point that the existing system is incompatible with the stage they are CURRENTLY at! Not the stage they want to get to, the stage they are CURRENTLY at! So, they are ready NOW to transition to a market economy. [post 1 of 2....stay tuned]
9-19-2017 Intel Guru RayRen98 [Why would they get to this point and just hold everything? Or is just US that’s on hold?] It’s not just us on hold, it’s a process that is unfolding in its own time and space. Yes, we expected good news over the weekend. That doesn’t mean it’s being held up; we won’t know until it happens or doesn’t happen on the office release date.
9-19-2017 Newshound Guru G-Lin I'm...excited about the...art. stating the IMF gave them instructions to cancel the remaining restriction on the exchange rate and practice multiple exchange rates, And the implementation of measures to combat money laundering and the financing of terrorism and fight corruption. To me this is saying remove that last restriction and give the dinar a true rate and that would eliminate MCP and by doing so it will fight terrorism and corruption. It also says to me that they are Art. 8 compliant and they need to de-dollarize...this has been requested by the IMF in every Art. !V consultation I have read and now it sounds like a direct order. We don't have any idea when this will happen but Iraq started listening to the IMF this year and in order to get the loans from them and the World Bank, they must perform to their instructions. Add to all of the above the fact that the second amendment to the CBI Law was discussed in Parl. last week it makes for some pretty exciting speculation. If they aren't ready to change the value, they are making preparations to do so. As usual this is just my opinion.
9-19-2017 Newshound/Intel Guru Mnt Goat So first of all, I want to tell everyone right up front there is NOT going to be a reinstatement or revaluation of the Iraqi dinar this week. There is no indication of this happening. Today’s news is mostly about the Kuristan referendum with only a week remaining until September 25th deadline, the day of the proposed vote. Meanwhile the Kurdish media reports revealed that the KRG is planning (if necessary) the issuing its own national currency pending its release, once the region's declaration of independence, dubbed "DRO", which means "dinar" in Kurdish, is announced. WOW! WOW! and WOW! What impact could this have on the newer currency we know will be shortly issued? Will this hold up the reinstatement?
9-18-2017 Intel/Newshound Guru payray Article: "Referendum and reconstruction in the bag Abadi to Washington" This is certainly a great sign as Abadi is basically affirming to the world that he has got this through his visit to the UN... If the PM of Iraq were not confident of this, would he actually be there declaring such things?... Iraq is unified, rebuilding, and will accomplish these goals with the help of the US, and other nations...
9-18-2017 Intel Guru RayRen98 On Friday we talked about the screens showing live rates, with the possibility of visiting banks on Monday or Tuesday. Some were on the alert on Sunday for possible activity but apparently it didn’t materialize. Once the switch has been flipped, this could come down in a waterfall, or in a small trickle, we wont’ know until it happens. [How confident do you feel about Abadi’s statement that in September the economic reforms will be complete and the world will feel Iraq’s value?] Apparently he already did: Abadi said economic reforms are complete. It’s now in the past rather than the future, and that’s why we are all excited on this side. So we are patiently waiting to see any signs or proof of that.
9-18-2017 Intel/Newshound Guru payray Article: "Sulaiti: more than 90 billion dinars debt Basra companies and contractors" So with all of this debt owed, the companies are just going to keep on building without knowing whether they will be paid?... These companies are not into philanthropy folks... They are they to make money... Theses companies know that the bill will be paid in full, or all construction would cease immediately...
9-18-2017 Newshound/Intel Guru Mnt Goat Article: "PROPOSALS TO BENEFIT FROM OIL REVENUES" Quote: "...it is necessary to work according to a clearly defined long-term strategic vision that includes optimizing the oil revenues... And the importance of the availability of laws and legislation governing foreign investments such as the oil and gas law and the environment law..." After reading this article...I dare anyone to tell me that Iraq already has a clearly defined oil and gas policy such as needed in HCL. They may have a plan but we keep seeing that it is not sufficient for what they need and is not clear. There are still amendments to HCL that need to be passed and are sitting in parliament.
9-18-2017 Newshound Guru G-Lin Article: "IMF calls for the restructuring of the rational and Rafidain Bank" Quote: "The International Monetary Fund (IMF) on Monday called on the Iraqi authorities to restructure the Rasheed and Rafidain banks and strengthen the legal framework of the central bank, calling for the cancellation of the remaining entry on the dinar exchange rate." This is Big..."and cancel the remaining restriction on the exchange rate and practice multiple exchange rates"
9-18-2017 Newshound Guru Kaperoni "Federal Supreme Court Press Release Regarding Kurdistan Referendum" Quote: "The Federal Supreme Court held its on 18/9/2017 in the presence of members of all considered the requests to stop the referendum procedures in the Kurdistan Region and in the areas covered by the referendum." Iraqi Supreme Court stops referendum...
9-18-2017 Intel/Newshound Guru tman23 Internet Education...Floating rates are determined by the market forces of supply and demand. How much demand there is in relation to supply of a currency will determine that currency's value in relation to another currency. ... Governments of emerging market countries often do this to create stability in the value of their currencies...
9-18-2017 Intel/Newshound Guru payray The IMF has been giving Iraq glowing reviews for the last few months... I believe the next review will come after the increase of the dinar takes place...
9-18-2017 Intel/Newshound Guru tman23 ...[Guru] Kaperoni may be right in they will float the IQD...BUT it will not float with the notes carrying 3 zeros... NEVER EVER NEVER! What we are looking for is money moving on market openings 10/8 after 5 pm and transfers etc... Not to get into all the specifics...We just hope 3 zero notes are in play and the government needs us a mules to house accounts with cash at banks...
9-18-2017 Newshound Guru Enorrste Article: "Economic reforms and upgrading banking institutions" I agree with KAP [reference Guru Kaperoni, 9-18-2017] on this one. We wait. But at least they are now seriously discussing moving forward as opposed to two years ago when half of the economists were calling on Iraq to wait, wait, wait.
9-18-2017 Newshound Guru Kaperoni Article: "Economic reforms and upgrading banking institutions" I think the goal is to raise the value to 1 to $1 or about. It just won't happen overnight as some want to think. It's a process that will take a period of time (I believe 6 months to a year) via a float. In doing so, the zeros disappear and Iraq moves to denominations like a 1, 5, 10, 20, 100 dinar and some fils (coins). Keep in mind, if we are correct, and that is the plan, then they simply just cannot decide arbitrarily to raise the value, they need momentum. And that is created by investment. They need the laws passed, banking insurance to invite investors to bring capital into Iraq. The result creates inflationary pressure on the CBI to float the dinar. And the result should allow the dinar to appreciate in value. So we wait.
9-18-2017 Intel Guru RayRen98 On Friday we talked about the screens showing live rates, with the possibility of visiting banks on Monday or Tuesday. Some were on the alert on Sunday for possible activity but apparently it didn’t materialize. Once the switch has been flipped, this could come down in a waterfall, or in a small trickle, we wont’ know until it happens. [How confident do you feel about Abadi’s statement that in September the economic reforms will be complete and the world will feel Iraq’s value?] Apparently he already did: Abadi said economic reforms are complete. It’s now in the past rather than the future, and that’s why we are all excited on this side. So we are patiently waiting to see any signs or proof of that.
9-18-2017 Intel/Newshound Guru payray Article: "Sulaiti: more than 90 billion dinars debt Basra companies and contractors" So with all of this debt owed, the companies are just going to keep on building without knowing whether they will be paid?... These companies are not into philanthropy folks... They are they to make money... Theses companies know that the bill will be paid in full, or all construction would cease immediately...
9-18-2017 Newshound/Intel Guru Mnt Goat Article: "PROPOSALS TO BENEFIT FROM OIL REVENUES" Quote: "...it is necessary to work according to a clearly defined long-term strategic vision that includes optimizing the oil revenues... And the importance of the availability of laws and legislation governing foreign investments such as the oil and gas law and the environment law..." After reading this article...I dare anyone to tell me that Iraq already has a clearly defined oil and gas policy such as needed in HCL. They may have a plan but we keep seeing that it is not sufficient for what they need and is not clear. There are still amendments to HCL that need to be passed and are sitting in parliament.
9-18-2017 Newshound Guru G-Lin Article: "IMF calls for the restructuring of the rational and Rafidain Bank" Quote: "The International Monetary Fund (IMF) on Monday called on the Iraqi authorities to restructure the Rasheed and Rafidain banks and strengthen the legal framework of the central bank, calling for the cancellation of the remaining entry on the dinar exchange rate." This is Big..."and cancel the remaining restriction on the exchange rate and practice multiple exchange rates"
9-18-2017 Newshound Guru Kaperoni "Federal Supreme Court Press Release Regarding Kurdistan Referendum" Quote: "The Federal Supreme Court held its on 18/9/2017 in the presence of members of all considered the requests to stop the referendum procedures in the Kurdistan Region and in the areas covered by the referendum." Iraqi Supreme Court stops referendum...
9-18-2017 Intel/Newshound Guru tman23 Internet Education...Floating rates are determined by the market forces of supply and demand. How much demand there is in relation to supply of a currency will determine that currency's value in relation to another currency. ... Governments of emerging market countries often do this to create stability in the value of their currencies...
9-18-2017 Intel/Newshound Guru payray The IMF has been giving Iraq glowing reviews for the last few months... I believe the next review will come after the increase of the dinar takes place...
9-18-2017 Intel/Newshound Guru tman23 ...[Guru] Kaperoni may be right in they will float the IQD...BUT it will not float with the notes carrying 3 zeros... NEVER EVER NEVER! What we are looking for is money moving on market openings 10/8 after 5 pm and transfers etc... Not to get into all the specifics...We just hope 3 zero notes are in play and the government needs us a mules to house accounts with cash at banks...
9-18-2017 Newshound Guru Enorrste Article: "Economic reforms and upgrading banking institutions" I agree with KAP [reference Guru Kaperoni, 9-18-2017] on this one. We wait. But at least they are now seriously discussing moving forward as opposed to two years ago when half of the economists were calling on Iraq to wait, wait, wait.
9-18-2017 Newshound Guru Kaperoni Article: "Economic reforms and upgrading banking institutions" I think the goal is to raise the value to 1 to $1 or about. It just won't happen overnight as some want to think. It's a process that will take a period of time (I believe 6 months to a year) via a float. In doing so, the zeros disappear and Iraq moves to denominations like a 1, 5, 10, 20, 100 dinar and some fils (coins). Keep in mind, if we are correct, and that is the plan, then they simply just cannot decide arbitrarily to raise the value, they need momentum. And that is created by investment. They need the laws passed, banking insurance to invite investors to bring capital into Iraq. The result creates inflationary pressure on the CBI to float the dinar. And the result should allow the dinar to appreciate in value. So we wait.
9-17-2017 Intel/Newshound Guru payray [I could be wrong, but I suspect this "economic policy" theyre referring to is Post RV. Or this is old news and theyve already got it in the making. I believe were just hours , maybe a few days from the RV happening , with their Liquidity Crisis and all. They cant function much longer without doing something to the value of their currency! Not hyped , just being realistic! JMHO] I believe you are correct sir... It certainly seems that this cannot wait too much longer... On many fronts the sense of urgency has been made to be quite urgent...
9-17-2017 Newshound Guru Enorrste Article: "The government issued new measures to support and stimulate investment" The following statement struck me especially well: "will follow up on strategic projects and infrastructure projects and extraction of natural resources and ports, airports and roads projects and railway projects and metallurgical industries and petrochemical, and projects of dams, reservoirs and irrigation." This committee is setting up a scenario which will make it attractive for foreign investors to engage in the Iraqi market. This is the carrot that has been needed. In order to make this work, however, the CBI will have to open the currency to international trading. I suspect that the IMF is even now preparing to have the CBI make that transition to a floating currency. Otherwise, this committee is just blowing hot air. No serious investment will occur unless and until the currency is internationally tradable, in my view.
9-17-2017 Newshound Guru MilitiaMan Article: "Abadi threatens: ready to intervene "militarily" if the referendum of Kurdistan to chaos" I have to agree with you on the events are unfolding for Barzani, and it sure appears he is pushing the tide. [reference Walkingstick post 7-17-2017] In the end the tide still rises to the level it will and that will be marked in the sand. The PTBs spoke in support of Abadi and not the Kurds. They will need to take the HCL and 140 as is now, imo.. Abadi has the arrow that will sign and seal this by going live imo.. Something the world is waiting on! The cat is out of the bag!
9-17-2017 Newshound/Intel Guru Mnt Goat Things are getting back to normal in districts since the war in 2003. This is all good and any news of getting back to normal is good news for us. This is what we want to hear.
9-17-2017 Newshound Guru Walkingstick All countries, providing financial aid... would, cease immediately... Economic sanctions could be imposed against Barzani and his government, funds frozen... Possible, sea embargo... U.S and EU have clearly stated they will cease any and all funding... Possible, sanctions against the government from the UN... The list, goes on...These, but a few of the possible options stated in a number of articles, over the past few months ... All this, leads to nothing more than another failed state. With that, I believe it was his last- ditch effort to draw in the international bodies to enforce the enactment of agreements made... ie: HCL, Article 140 .. etc etc ... just, an opinion... [post 2 of 2]
9-17-2017 Newshound Guru Walkingstick Article: "Abadi threatens: ready to intervene "militarily" if the referendum of Kurdistan to chaos" Myself, I do not believe it will resort to that... Barzanis insistence of conducting the referendum, rhetoric of war (likely, to save face before the vote) is drawing these responses from Abadi... But, if by some remote chance... the referendum were to be approved by parliament...Obviously, not recognized by any world body... Barzani, and the Kurdistan region would likely suffer the same fate as S and Iraq had in the past...isolated from the outside world, at an accelerated pace. A number of articles have stated...Iran could close their borders, possibly cut their water supply.. Turkey, shut down the pipeline, their only real means of oil export, and a variety of other options... [post 1 of 2....stay tuned]
9-17-2017 Intel/Newshound Guru payray Article: "Urgent policy .. Parliament of Kurdistan endorses the referendum independence and ends its national anthem" Not going to happen, and they know it... News is so inconsistent on this matter... For a reason though... We have to have drama right?... This would not be Iraq without the arguments, and infighting... The joining hands of both factions will come quickly as they tip toe through the tulips with a predetermined solution in place... All of this is being done for a reason folks... Shabibi declared it would occur as we drew near to the completion of monetary reform... Hang in there...
9-17-2017 Newshound Guru Kaperoni Article: "Association of private banks and the International Monetary Fund discuss the challenges facing Iraq's economy" I like this. To have the head of the private banking association going to the World Bank to say...hey, we need to step up the reforms is a good thing. After all, the WB, IMF are pushing this forward.
9-17-2017 Newshound Guru mike Article: "The government issued new measures to support and stimulate investment" We still need legislation passed in Parliament: "The Commission will continue to analyze and examine the obstacles facing the investment process in order to remove them, and have the power to instruct the National Investment Authority to grant investment license if meet the requirements and legal requirements for the projects before the Committee" I hope I'm wrong, but I don't believe Abadi can make decisions outside the law and constitution, otherwise the opposition will accuse him of overstepping. Besides, how legally binding is an executive order that contradicts the law of the land? It's still too risky for potential investors. Pass the laws.
9-17-2017 Newshound Guru Enorrste Article: "The government issued new measures to support and stimulate investment" The following statement struck me especially well: "will follow up on strategic projects and infrastructure projects and extraction of natural resources and ports, airports and roads projects and railway projects and metallurgical industries and petrochemical, and projects of dams, reservoirs and irrigation." This committee is setting up a scenario which will make it attractive for foreign investors to engage in the Iraqi market. This is the carrot that has been needed. In order to make this work, however, the CBI will have to open the currency to international trading. I suspect that the IMF is even now preparing to have the CBI make that transition to a floating currency. Otherwise, this committee is just blowing hot air. No serious investment will occur unless and until the currency is internationally tradable, in my view.
9-17-2017 Newshound Guru MilitiaMan Article: "Abadi threatens: ready to intervene "militarily" if the referendum of Kurdistan to chaos" I have to agree with you on the events are unfolding for Barzani, and it sure appears he is pushing the tide. [reference Walkingstick post 7-17-2017] In the end the tide still rises to the level it will and that will be marked in the sand. The PTBs spoke in support of Abadi and not the Kurds. They will need to take the HCL and 140 as is now, imo.. Abadi has the arrow that will sign and seal this by going live imo.. Something the world is waiting on! The cat is out of the bag!
9-17-2017 Newshound/Intel Guru Mnt Goat Things are getting back to normal in districts since the war in 2003. This is all good and any news of getting back to normal is good news for us. This is what we want to hear.
9-17-2017 Newshound Guru Walkingstick All countries, providing financial aid... would, cease immediately... Economic sanctions could be imposed against Barzani and his government, funds frozen... Possible, sea embargo... U.S and EU have clearly stated they will cease any and all funding... Possible, sanctions against the government from the UN... The list, goes on...These, but a few of the possible options stated in a number of articles, over the past few months ... All this, leads to nothing more than another failed state. With that, I believe it was his last- ditch effort to draw in the international bodies to enforce the enactment of agreements made... ie: HCL, Article 140 .. etc etc ... just, an opinion... [post 2 of 2]
9-17-2017 Newshound Guru Walkingstick Article: "Abadi threatens: ready to intervene "militarily" if the referendum of Kurdistan to chaos" Myself, I do not believe it will resort to that... Barzanis insistence of conducting the referendum, rhetoric of war (likely, to save face before the vote) is drawing these responses from Abadi... But, if by some remote chance... the referendum were to be approved by parliament...Obviously, not recognized by any world body... Barzani, and the Kurdistan region would likely suffer the same fate as S and Iraq had in the past...isolated from the outside world, at an accelerated pace. A number of articles have stated...Iran could close their borders, possibly cut their water supply.. Turkey, shut down the pipeline, their only real means of oil export, and a variety of other options... [post 1 of 2....stay tuned]
9-17-2017 Intel/Newshound Guru payray Article: "Urgent policy .. Parliament of Kurdistan endorses the referendum independence and ends its national anthem" Not going to happen, and they know it... News is so inconsistent on this matter... For a reason though... We have to have drama right?... This would not be Iraq without the arguments, and infighting... The joining hands of both factions will come quickly as they tip toe through the tulips with a predetermined solution in place... All of this is being done for a reason folks... Shabibi declared it would occur as we drew near to the completion of monetary reform... Hang in there...
9-17-2017 Newshound Guru Kaperoni Article: "Association of private banks and the International Monetary Fund discuss the challenges facing Iraq's economy" I like this. To have the head of the private banking association going to the World Bank to say...hey, we need to step up the reforms is a good thing. After all, the WB, IMF are pushing this forward.
9-17-2017 Newshound Guru mike Article: "The government issued new measures to support and stimulate investment" We still need legislation passed in Parliament: "The Commission will continue to analyze and examine the obstacles facing the investment process in order to remove them, and have the power to instruct the National Investment Authority to grant investment license if meet the requirements and legal requirements for the projects before the Committee" I hope I'm wrong, but I don't believe Abadi can make decisions outside the law and constitution, otherwise the opposition will accuse him of overstepping. Besides, how legally binding is an executive order that contradicts the law of the land? It's still too risky for potential investors. Pass the laws.
9-16-2017 Intel/Newshound Guru payray Article: "The port of Umm Qasr receives 7 ships with various loads" Lots of containers, and cargo being shipped into Iraq of late... But what if they prepared for a buying spree, and no one had the dinar to buy it due to cost, and the value of their currency?... Companies would not bother to export to Iraq, and set up shop within this nation if they knew they were not going to profit from it...
9-16-2017 Newshound/Intel Guru Mnt Goat He said it is noteworthy that Iraq is experiencing an economic crisis due to the decline in oil prices, and spending in the war against the organization, "Daash," while Prime Minister Haider Abadi, on more than one occasion, that Iraq will emerge from the financial crisis is experiencing stronger. Abadi stressed that "we are in the last stage of liberating our territory and we will continue to train and train our forces because terrorism is trying and will continue to try and we must beware of it." This sounds to me like Abadi is waiting for the terrorist crisis to be over, then to make his next move with the economy. I believe we know, in part, what this next move will be. [post 2 of 2]
9-16-2017 Newshound/Intel Guru Mnt Goat The re-education must come first not the RV. I can assure you without a shadow of doubt that the RV has not yet happened in Iraq, the lower denominations are NOT yet launched and they have not yet began the re-education process we have been promised will happen. So where are we now at mid-September. Right now we wait to see the next move (tactic) by the CBI to complete the needed collection of the 3 zero notes. The CBI has spoken to us this week that this is an issue and they plan to address it soon. Prime Minister Haider al-Abadi said on Wednesday that the world has become confident in the Iraqi economy, pointing out that the financial crisis was the cause of the affected the situation. [post 1 of 2.....stay tuned]
9-16-2017 Intel Guru RayRen98 A major bank indicates that Dinar is now being tied to SDR's. It appears there's no turning back now. I believe a rate change could be imminent. [NOTE: From azletwinmom - The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. As of March 2016, 204.1 billion SDRs (equivalent to about $285 billion) had been created and allocated to members. SDRs can be exchanged for freely usable currencies. The key to this statement is SDRs can be exchanged for freely usable currencies!]
9-16-2017 Intel Guru Frank26 As much as i may want to SHARE more...IMO...This ''LL'' (long line) is about to play another part in the MR that is soon to affect us dinar holders... But I can not. A Vanturi Effect is forming in our SHARING...making it difficult to impossible to say too much nowadays. But IMO... The best thing to SHARE with You...is A Question. What are You Worried about?...(wink)
9-16-2017 Newshound Guru Aggiedad77 Article: "The Association of Private Banks and the International Monetary Fund are discussing the challenges facing Iraq's economy" ...continued discussions regarding Iraq's economy...the IMF is so very interested in Iraq...but even more than that...IMO they are very interested in seeing Iraq succeed...The IMF IMO knows that bigger things are in store for Iraq and how they will be impacting the world in which we live...they are encouraged by Iraq's drive to put emphasis on more than just oil...they need other avenues and they are doing their best to lift up these other industries for the world to utilize...And these bankers are not sitting idly in their offices and letting time go by, they are making the necessary efforts to get their people trained...trained to work more effectively in an international market place...watch for it...the BEST is coming...IMO...soon.
9-16-2017 Newshound/Intel Guru Mnt Goat The CBI and the IMF are working very hard to roll out this revaluation. There is absolutely NO REQUIREMENT to post the new rate in the gazette to make it effective. In fact the rate will be published on the CBI site and listed on the global currency exchanges, and that’s about it... there is absolutely no requirement to post a new currency rate in the budget or in the gazette.
9-16-2017 Newshound Guru Walkingstick yes...nearing, quickly. [reference Guru MilitiaMan post below]
9-16-2017 Newshound Guru MilitiaMan Article: “For economic reforms and upgrading of banking institutions” Very good article and one point of many it is they used a gold component to the dinar valuation...in the past and it shows on the CBI website they will again too, imo. They had a value of $3.20 then and talk now of $1.20. Either way it is a good thing.. imo.
9-16-2017 Intel Guru Frank26 [If cbi changes their rate and notifying those non banking institutions around the world, they should be able to quickly synced up with the cbi, of course imo.] Indeed...IMO...Iraq is multi tasking...The SPEED of the MR [Monetary Reform ?] LAVA FLOW is impressive. IMO...Never seen this Speed of Light within Iraq. Fast...Faster... FASTEST!
9-16-2017 Intel/Newshound Guru payray Article: "Central Bank to Tackle Hoarding of Iraqi Dinars" Well, just like in football.. If you want to stop the offense, the defense has to play smart, and aggressive... Well, placing a larger value on the dinar compared to the dollar would certainly be deemed a great strategy as far as pulling in those large notes... I believe this is the reason that the governor of the CBI has been harping on this subject this past week... They already know what has to be done, and will enact this defense...
9-16-2017 Newshound/Intel Guru Mnt Goat He said it is noteworthy that Iraq is experiencing an economic crisis due to the decline in oil prices, and spending in the war against the organization, "Daash," while Prime Minister Haider Abadi, on more than one occasion, that Iraq will emerge from the financial crisis is experiencing stronger. Abadi stressed that "we are in the last stage of liberating our territory and we will continue to train and train our forces because terrorism is trying and will continue to try and we must beware of it." This sounds to me like Abadi is waiting for the terrorist crisis to be over, then to make his next move with the economy. I believe we know, in part, what this next move will be. [post 2 of 2]
9-16-2017 Newshound/Intel Guru Mnt Goat The re-education must come first not the RV. I can assure you without a shadow of doubt that the RV has not yet happened in Iraq, the lower denominations are NOT yet launched and they have not yet began the re-education process we have been promised will happen. So where are we now at mid-September. Right now we wait to see the next move (tactic) by the CBI to complete the needed collection of the 3 zero notes. The CBI has spoken to us this week that this is an issue and they plan to address it soon. Prime Minister Haider al-Abadi said on Wednesday that the world has become confident in the Iraqi economy, pointing out that the financial crisis was the cause of the affected the situation. [post 1 of 2.....stay tuned]
9-16-2017 Intel Guru RayRen98 A major bank indicates that Dinar is now being tied to SDR's. It appears there's no turning back now. I believe a rate change could be imminent. [NOTE: From azletwinmom - The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. As of March 2016, 204.1 billion SDRs (equivalent to about $285 billion) had been created and allocated to members. SDRs can be exchanged for freely usable currencies. The key to this statement is SDRs can be exchanged for freely usable currencies!]
9-16-2017 Intel Guru Frank26 As much as i may want to SHARE more...IMO...This ''LL'' (long line) is about to play another part in the MR that is soon to affect us dinar holders... But I can not. A Vanturi Effect is forming in our SHARING...making it difficult to impossible to say too much nowadays. But IMO... The best thing to SHARE with You...is A Question. What are You Worried about?...(wink)
9-16-2017 Newshound Guru Aggiedad77 Article: "The Association of Private Banks and the International Monetary Fund are discussing the challenges facing Iraq's economy" ...continued discussions regarding Iraq's economy...the IMF is so very interested in Iraq...but even more than that...IMO they are very interested in seeing Iraq succeed...The IMF IMO knows that bigger things are in store for Iraq and how they will be impacting the world in which we live...they are encouraged by Iraq's drive to put emphasis on more than just oil...they need other avenues and they are doing their best to lift up these other industries for the world to utilize...And these bankers are not sitting idly in their offices and letting time go by, they are making the necessary efforts to get their people trained...trained to work more effectively in an international market place...watch for it...the BEST is coming...IMO...soon.
9-16-2017 Newshound/Intel Guru Mnt Goat The CBI and the IMF are working very hard to roll out this revaluation. There is absolutely NO REQUIREMENT to post the new rate in the gazette to make it effective. In fact the rate will be published on the CBI site and listed on the global currency exchanges, and that’s about it... there is absolutely no requirement to post a new currency rate in the budget or in the gazette.
9-16-2017 Newshound Guru Walkingstick yes...nearing, quickly. [reference Guru MilitiaMan post below]
9-16-2017 Newshound Guru MilitiaMan Article: “For economic reforms and upgrading of banking institutions” Very good article and one point of many it is they used a gold component to the dinar valuation...in the past and it shows on the CBI website they will again too, imo. They had a value of $3.20 then and talk now of $1.20. Either way it is a good thing.. imo.
9-16-2017 Intel Guru Frank26 [If cbi changes their rate and notifying those non banking institutions around the world, they should be able to quickly synced up with the cbi, of course imo.] Indeed...IMO...Iraq is multi tasking...The SPEED of the MR [Monetary Reform ?] LAVA FLOW is impressive. IMO...Never seen this Speed of Light within Iraq. Fast...Faster... FASTEST!
9-16-2017 Intel/Newshound Guru payray Article: "Central Bank to Tackle Hoarding of Iraqi Dinars" Well, just like in football.. If you want to stop the offense, the defense has to play smart, and aggressive... Well, placing a larger value on the dinar compared to the dollar would certainly be deemed a great strategy as far as pulling in those large notes... I believe this is the reason that the governor of the CBI has been harping on this subject this past week... They already know what has to be done, and will enact this defense...
9-15-2015 Intel Guru RayRen98 It’s my understanding banks are on high alert for next week’s activity, gearing up and getting ready. Iraqi television is still looping their information about lower denominations and electronic banking, so that gives us a lot to look forward to next week. I am looking for things to pop out information-wise through the course of this weekend. All roads are pointing towards a good probability for next week – it’s not guaranteed, but the information suggests a good probability. [post 2 of 2]
9-15-2017 Intel Guru RayRen98 Iraq told the people that it would revalue the currency in September, and Abadi announced that ‘economic reforms are complete’. We don’t know exactly what the means, so we’ll just have to wait and see how that applies to us. ...it’s status quo apart from waiting for the bank screens to be reset. That happened, and new screens populated but no one would say what the rates were. Then the rates surfaced...Now, the rates are on the screens for (select) people to see, and now it’s being reported that the rates are LIVE rates, and it is anticipated that we should be able to do something with these live rates. [post 1 of 2....stay tuned]
9-15-2017 Intel/Newshound Guru payray Article: "Three quarters of the money out of the banks. Central and calls for investing." So many articles coming out about the need to somehow get the hoarders to let go of their dinar's, and invest this week... This is a great sign simply because it indicates they do intend do to something about it... Here is the thing... Once they do raise the value of their currency, and give the people purchasing power, it will encourage spending... And of course these business's taking what has been spent in their establishment's, and placing them in them in the new Iraqi banking system... One that will be more efficient, and convenient for them...
9-15-2017 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank participates in the ninth conference of the International Alliance for Financial Inclusion" Well well. This sure looks like they are about to roll out the red carpet for a new power house in finance for the region. Going on now through tomorrow. I noticed parliament is in session for tomorrow on the Kurds.. hmm.. man is this getting good!!
9-15-2017 Intel Guru Bruce Many of you know that Prime Minister Abadi and a couple of other Dignitaries were here and they went up to New York to speak to the UN. I did hear that Iraq did initiate their monetary reforms 4 days ago in Iraq. We were looking for an announcement to reflect the new rate. We believe the Gazette did come out yesterday with the rate, I don’t have it exactly yet. I am not for sure it got released or it will be release Saturday as far as the new rate. Iraq is done. They are moving along well and that will bode well for us in the very near future. We are very close to this going. I hear some things about any day now, and I feel good about that.
9-15-2017 Newshound Guru G-Lin Therefore, it is not possible to cancel the "dollarization" of the Iraqi economy by administrative decision or by administrative orders from the monetary authority, but the phenomenon will gradually disappear because of the reasons that led to it, ie after the monetary reform referred to above, because the dinar will then become an easy mode of trading and a store of value that avoids using the dollar. Raise the value through monetary reform to 1.2 and the hoarding will disappear. [post 2 of 2]
9-15-2017 Newshound Guru G-Lin Article: "For economic reforms and upgrading of banking institutions" IN A NUTSHELL, WHAT THEY ARE SAYING IS: For more than four years, officials in Iraq talk about a project for monetary reform through which the exchange rate of the Iraqi currency against the dollar so that the new dinar is equal to 1.2 dinars to the dollar instead of 1,200. But the move was postponed until a later time because of the exit of some areas of Iraq from the control of the government after the occupation «urged» them. Military operations began to recover these areas, which still exist. The Government is expected to return to the same project after the end of military operations. [post 1 of 2....stay tuned]
9-15-2017 Intel/Newshound Guru payray Article: "For economic reforms and upgrading of banking institutions" Quote: "For the success of this linkage, administrative restrictions have been applied to the external transfer of goods, services and capital movement. Thus, it followed conservative monetary and financial policies that kept the stability of the Iraqi dinar stabilized by the Central Bank at $ 3.2 per dinar." ...this is great news.. If they want to get those 3 zero notes off the streets, 3.22 would certainly do the job...the dollar would be non-existent in no time.
9-15-2017 Newshound Guru Kaperoni Article: "Three-quarters of the money supply outside banks and the central circle .. calls for investing" I hate to say it, but this is another article that speaks as if they do not know what they should do. As we have said over and over, they need to get parliament to do its part...passed the laws, strengthen the CBI and get deposit insurance in place. Doing so will invite foreign investment, create a revenue stream outside of oil and help them turn the economy around. Iraq tends to do nothing, then complain about it. It's got to be frustrating for Ali al-Allaq, he has been waiting for his revised CBI Law and parliament keeps kicking it down the road.
9-15-2017 Intel Guru RayRen98 Iraq told the people that it would revalue the currency in September, and Abadi announced that ‘economic reforms are complete’. We don’t know exactly what the means, so we’ll just have to wait and see how that applies to us. ...it’s status quo apart from waiting for the bank screens to be reset. That happened, and new screens populated but no one would say what the rates were. Then the rates surfaced...Now, the rates are on the screens for (select) people to see, and now it’s being reported that the rates are LIVE rates, and it is anticipated that we should be able to do something with these live rates. [post 1 of 2....stay tuned]
9-15-2017 Intel/Newshound Guru payray Article: "Three quarters of the money out of the banks. Central and calls for investing." So many articles coming out about the need to somehow get the hoarders to let go of their dinar's, and invest this week... This is a great sign simply because it indicates they do intend do to something about it... Here is the thing... Once they do raise the value of their currency, and give the people purchasing power, it will encourage spending... And of course these business's taking what has been spent in their establishment's, and placing them in them in the new Iraqi banking system... One that will be more efficient, and convenient for them...
9-15-2017 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank participates in the ninth conference of the International Alliance for Financial Inclusion" Well well. This sure looks like they are about to roll out the red carpet for a new power house in finance for the region. Going on now through tomorrow. I noticed parliament is in session for tomorrow on the Kurds.. hmm.. man is this getting good!!
9-15-2017 Intel Guru Bruce Many of you know that Prime Minister Abadi and a couple of other Dignitaries were here and they went up to New York to speak to the UN. I did hear that Iraq did initiate their monetary reforms 4 days ago in Iraq. We were looking for an announcement to reflect the new rate. We believe the Gazette did come out yesterday with the rate, I don’t have it exactly yet. I am not for sure it got released or it will be release Saturday as far as the new rate. Iraq is done. They are moving along well and that will bode well for us in the very near future. We are very close to this going. I hear some things about any day now, and I feel good about that.
9-15-2017 Newshound Guru G-Lin Therefore, it is not possible to cancel the "dollarization" of the Iraqi economy by administrative decision or by administrative orders from the monetary authority, but the phenomenon will gradually disappear because of the reasons that led to it, ie after the monetary reform referred to above, because the dinar will then become an easy mode of trading and a store of value that avoids using the dollar. Raise the value through monetary reform to 1.2 and the hoarding will disappear. [post 2 of 2]
9-15-2017 Newshound Guru G-Lin Article: "For economic reforms and upgrading of banking institutions" IN A NUTSHELL, WHAT THEY ARE SAYING IS: For more than four years, officials in Iraq talk about a project for monetary reform through which the exchange rate of the Iraqi currency against the dollar so that the new dinar is equal to 1.2 dinars to the dollar instead of 1,200. But the move was postponed until a later time because of the exit of some areas of Iraq from the control of the government after the occupation «urged» them. Military operations began to recover these areas, which still exist. The Government is expected to return to the same project after the end of military operations. [post 1 of 2....stay tuned]
9-15-2017 Intel/Newshound Guru payray Article: "For economic reforms and upgrading of banking institutions" Quote: "For the success of this linkage, administrative restrictions have been applied to the external transfer of goods, services and capital movement. Thus, it followed conservative monetary and financial policies that kept the stability of the Iraqi dinar stabilized by the Central Bank at $ 3.2 per dinar." ...this is great news.. If they want to get those 3 zero notes off the streets, 3.22 would certainly do the job...the dollar would be non-existent in no time.
9-15-2017 Newshound Guru Kaperoni Article: "Three-quarters of the money supply outside banks and the central circle .. calls for investing" I hate to say it, but this is another article that speaks as if they do not know what they should do. As we have said over and over, they need to get parliament to do its part...passed the laws, strengthen the CBI and get deposit insurance in place. Doing so will invite foreign investment, create a revenue stream outside of oil and help them turn the economy around. Iraq tends to do nothing, then complain about it. It's got to be frustrating for Ali al-Allaq, he has been waiting for his revised CBI Law and parliament keeps kicking it down the road.
9-14-2017 Newshound Guru MilitiaMan Article: "$200 million to support stability in liberated areas" Quotes: "The World Bank has allocated $ 200 million to implement the emergency project to support the stability of the liberated areas..." "...the project will be launched at the end of September..." End of September, interesting timing. I'll bet there are strings attached, as in raise the rate on the IQD first. Imo.
9-14-2017 Intel/Newshound Guru payray Article: "The Federal Government has issued new measures to support and revitalize the investment and reconstruction sector in the country." Sounds as though they intend to industrialize Iraq, and utilize their youth which make up about 50 percent of their population... It is going to be interesting to see how this transition takes place... Will the Iraqi workforce be up to the task?... The diversification of Iraq's economy will take some time to take place... But considering the amount of time, and resources that have been poured into Iraq, those who have so certainly want to ensure that their investment pays off...
9-14-2017 Newshound Guru MilitiaMan Article: "Controller and Auditor" Quote: "External auditors have contracted with internationally recognized and reputable companies such as Ernst & Young, KPMG and PLC, internationally recognized and recognized international audit and account management companies, financial statements and budgets." This to me is telling us they are fully ready to do what is expected of the CBI with international standards. They have contracted with some very big names that are respected globally and that tells me they are not going to be at a program rate in the proximal future...imo.
9-14-2017 Newshound Guru Aggiedad77 Articles: "Abadi close: Barzani will announce the postponement of the referendum after American threats" "Parliament of the region will postpone the referendum with an American advice" Whatever it takes IMO...don't mess with the plans at this stage of the game...wait until you see what will be coming to you...then if you want to upset the apple cart...more power to ya'...IMO...Abadi...say the right words, use the right speech...show the Kurds what is behind Door #2 for them...or would they simply rather have the parting gifts.
9-14-2017 Intel Guru RayRen98 It is being reported PM Abadi publicly announced that economic reforms are completed. The international rate for Dinar is reported s $3.70. Barzani postponed the September 25 vote for independence for Kurdistan due to lack of international support and overall resistance.
9-14-2017 Newshound Guru Adam Montana [What would a independent Kurdistan mean to our hopes and dreams to retire via nice RV? Do you still believe they will never separate?] I still don't think they will split... [reference Adam Montana post 9-13-2017] But I LOVE how this current situation and the events unfolding right now are pushing things in a very positive direction. Things are looking very good for us right now!
9-14-2017 Intel/Newshound Guru payray Article: "The Federal Government has issued new measures to support and revitalize the investment and reconstruction sector in the country." Sounds as though they intend to industrialize Iraq, and utilize their youth which make up about 50 percent of their population... It is going to be interesting to see how this transition takes place... Will the Iraqi workforce be up to the task?... The diversification of Iraq's economy will take some time to take place... But considering the amount of time, and resources that have been poured into Iraq, those who have so certainly want to ensure that their investment pays off...
9-14-2017 Newshound Guru MilitiaMan Article: "Controller and Auditor" Quote: "External auditors have contracted with internationally recognized and reputable companies such as Ernst & Young, KPMG and PLC, internationally recognized and recognized international audit and account management companies, financial statements and budgets." This to me is telling us they are fully ready to do what is expected of the CBI with international standards. They have contracted with some very big names that are respected globally and that tells me they are not going to be at a program rate in the proximal future...imo.
9-14-2017 Newshound Guru Aggiedad77 Articles: "Abadi close: Barzani will announce the postponement of the referendum after American threats" "Parliament of the region will postpone the referendum with an American advice" Whatever it takes IMO...don't mess with the plans at this stage of the game...wait until you see what will be coming to you...then if you want to upset the apple cart...more power to ya'...IMO...Abadi...say the right words, use the right speech...show the Kurds what is behind Door #2 for them...or would they simply rather have the parting gifts.
9-14-2017 Intel Guru RayRen98 It is being reported PM Abadi publicly announced that economic reforms are completed. The international rate for Dinar is reported s $3.70. Barzani postponed the September 25 vote for independence for Kurdistan due to lack of international support and overall resistance.
9-14-2017 Newshound Guru Adam Montana [What would a independent Kurdistan mean to our hopes and dreams to retire via nice RV? Do you still believe they will never separate?] I still don't think they will split... [reference Adam Montana post 9-13-2017] But I LOVE how this current situation and the events unfolding right now are pushing things in a very positive direction. Things are looking very good for us right now!
9-13-2017 Intel Guru RayRen98 On the Iraqi side, there have been some PR announcements. The most important information for me was Alak’s speech that is being replayed Monday, Tuesday and Wednesday. That speech was from the head of the CBI, their plans for the increase of the rates, the lower denominations and how to use them, what they represent, etc. It’s all good preparatory information that should be coming so citizens can know what to expect...they are preparing their people for the lower denominations and change in value for the currency. They are giving those messages every day, with is significant. We are in exciting times so far as I’m concerned. I would not be prepping people for something six months down the road. I think they are saying ‘this hammer is about to fall’. [post 2 of 2]
9-13-2017 Intel Guru RayRen98 They are also talking to the Kurdish parliament, trying to talk them out of going independent; I don’t think that is really an issue so far as we are concerned. We got information that new rates were being seen but not shared. And the system has been reset, but the rates are the same as we have been seeing in the past. There were reasons for the reset apart from new rates. Having said that, the rates I hear [on the screens] are what we’ve been hearing for a while: 3.71 = dinar, 47 cents = dong. [post 1 of 2....stay tuned]
9-13-2017 Newshound Guru Adam Montana Speaking of being completely unified, here's something that is certainly going to influence Iraq to put the brakes on a Kurdish separation... they would lose the entire border of Turkey, a country that has been a great ally to Iraq recently, and they would have an entirely new "neighbor to the north" (the Kurds)... Does anyone really think that sounds appealing to Abadi or anyone else? I don't think so! So it is in their best interest, at this time, right now, to get moving on the HCL, increase the value, and everyone will completely forget about the splitting of Kurdistan and Iraq for a while! With THAT said, we still have the upcoming referendum, and it's certainly a good reason for Parliament to kick their HCL in the butt! If it's going to happen, I will not be surprised to see this thing launch right before the upcoming event, so perhaps the 21st is our day. [post 2 of 2]
9-13-2017 Newshound Guru Adam Montana we still have a date for a Kurdish referendum later this month, so the question of the day is… what, if anything, do we know is being done by those in Baghdad who may not want to see a Kurdish secession? Iraq in general is not in favor of it, lawsuits have been filed (presumably on the grounds that the upcoming referendum is unconstitutional or a variety of other reasons), and there are signs of certain Kurdish leaders willing to negotiate with Baghdad…in my opinion, that simple fact right there is reason to think they aren’t really serious about the split. Sure, they may SAY they are, and posture accordingly, but the leaders of the secession movement and the PTB are simply not in sync. Nothing as major as a complete separation can possibly happen unless the Kurdish are representatives completely unified. [post 1 of 2....stay tuned]
9-13-2017 Intel/Newshound Guru payray "Proposals to benefit from oil revenues" "...we find two problems with two main directions: the first concerns the sovereign ownership of the oil wealth and the second relates to the management of that wealth. This is the basic aspect that must be decided by the legislation of the oil and gas law." [Hydrocarbon Law ..HCL] Them continuing to talk about this is a good sign... I do believe that they will increase the dinar's value before enacted this law...
9-13-2017 Newshound Guru chattels Article: "Peshmerga ready for Hawija, unsure of coordination with Hashd" Quote: "The province is a diverse home to Kurds, Arabs, Turkmen, and Christians. As one of the Kurdistani or disputed areas, it is claimed by both Baghdad and Erbil." Less than two weeks until the Kurdish referendum and the daily rhetoric for and against it is increasingly bitter. Abadi('s)...position is that the Kurds cannot secede without the consent of the rest of Iraq.
9-13-2017 Newshound Guru payray Article: "Iraqi parliament votes against Kurdish independence referendum " We are going to see a lot of drama this week as it concerns this referendum issue... But before PM Abadi, and President Masoum address the UN general assembly next week, this situation must be resolved IMHO... Hold on to your hats folks... This will be an 11th hour resolution, and everyone will come out with smiles... Money talks in this world we live in, and there is plenty to be made in Iraq... The Kurdish government understands this... This week has the makings of being a daisy folks... This Friday, 9/15/2017, could prove to be quite interesting... The UN currency rates come out on that day...
9-13-2017 Intel Guru Bruce ...I don’t know what will come out of the meeting or what to expect. I think it is a good sign. The delegation from Iraq is expected to speak at the UN on Thursday when our President will be down in Florida. There is something defiantly going on with that. Based on what I heard earlier Iraq is really ready to put their rate international and have it in the Gazette. If that happens, we are just about where we need to be. We heard that, UN Operational. Rates suppose to show on the 13th...and taken effect date on the 15th which is Friday. ...we understand the Operational rates are due for a change. This is our currency rates... I am not going to call it, but based on what is happening in Iraq...we could be in the sweet spot in the next 24 to 36 hours. I am excited...be expectant of a really great week. [post 2 of 2]
9-13-2017 Intel Guru Bruce Iraq is basically done. With that I mean they published everything in the Gazette except the new rate. They were settling on a new rate yesterday [Monday]. We had a CBI rate being worked between so many dollars above it for a CBI rate...it could be published in tomorrow’s [Wednesday] Gazette. That is what I am hearing from my sources in Iraq. They already started the digital version of the Gazette, and bring it out 7:30 am Iraqi time or 12:30am EST tonight. That is an interesting time to me. Based on what is happening in Iraq and based on who is coming from Iraq to meet with our President. We have representatives from Iraq, Kuwait, Saudi Arabia, Jordan, Great Britain, and China tomorrow. Some are there now and some are on the way to meet with the President tomorrow. [post 1 of 2....stay tuned]
9-13-2017 Intel Guru RayRen98 They are also talking to the Kurdish parliament, trying to talk them out of going independent; I don’t think that is really an issue so far as we are concerned. We got information that new rates were being seen but not shared. And the system has been reset, but the rates are the same as we have been seeing in the past. There were reasons for the reset apart from new rates. Having said that, the rates I hear [on the screens] are what we’ve been hearing for a while: 3.71 = dinar, 47 cents = dong. [post 1 of 2....stay tuned]
9-13-2017 Newshound Guru Adam Montana Speaking of being completely unified, here's something that is certainly going to influence Iraq to put the brakes on a Kurdish separation... they would lose the entire border of Turkey, a country that has been a great ally to Iraq recently, and they would have an entirely new "neighbor to the north" (the Kurds)... Does anyone really think that sounds appealing to Abadi or anyone else? I don't think so! So it is in their best interest, at this time, right now, to get moving on the HCL, increase the value, and everyone will completely forget about the splitting of Kurdistan and Iraq for a while! With THAT said, we still have the upcoming referendum, and it's certainly a good reason for Parliament to kick their HCL in the butt! If it's going to happen, I will not be surprised to see this thing launch right before the upcoming event, so perhaps the 21st is our day. [post 2 of 2]
9-13-2017 Newshound Guru Adam Montana we still have a date for a Kurdish referendum later this month, so the question of the day is… what, if anything, do we know is being done by those in Baghdad who may not want to see a Kurdish secession? Iraq in general is not in favor of it, lawsuits have been filed (presumably on the grounds that the upcoming referendum is unconstitutional or a variety of other reasons), and there are signs of certain Kurdish leaders willing to negotiate with Baghdad…in my opinion, that simple fact right there is reason to think they aren’t really serious about the split. Sure, they may SAY they are, and posture accordingly, but the leaders of the secession movement and the PTB are simply not in sync. Nothing as major as a complete separation can possibly happen unless the Kurdish are representatives completely unified. [post 1 of 2....stay tuned]
9-13-2017 Intel/Newshound Guru payray "Proposals to benefit from oil revenues" "...we find two problems with two main directions: the first concerns the sovereign ownership of the oil wealth and the second relates to the management of that wealth. This is the basic aspect that must be decided by the legislation of the oil and gas law." [Hydrocarbon Law ..HCL] Them continuing to talk about this is a good sign... I do believe that they will increase the dinar's value before enacted this law...
9-13-2017 Newshound Guru chattels Article: "Peshmerga ready for Hawija, unsure of coordination with Hashd" Quote: "The province is a diverse home to Kurds, Arabs, Turkmen, and Christians. As one of the Kurdistani or disputed areas, it is claimed by both Baghdad and Erbil." Less than two weeks until the Kurdish referendum and the daily rhetoric for and against it is increasingly bitter. Abadi('s)...position is that the Kurds cannot secede without the consent of the rest of Iraq.
9-13-2017 Newshound Guru payray Article: "Iraqi parliament votes against Kurdish independence referendum " We are going to see a lot of drama this week as it concerns this referendum issue... But before PM Abadi, and President Masoum address the UN general assembly next week, this situation must be resolved IMHO... Hold on to your hats folks... This will be an 11th hour resolution, and everyone will come out with smiles... Money talks in this world we live in, and there is plenty to be made in Iraq... The Kurdish government understands this... This week has the makings of being a daisy folks... This Friday, 9/15/2017, could prove to be quite interesting... The UN currency rates come out on that day...
9-13-2017 Intel Guru Bruce ...I don’t know what will come out of the meeting or what to expect. I think it is a good sign. The delegation from Iraq is expected to speak at the UN on Thursday when our President will be down in Florida. There is something defiantly going on with that. Based on what I heard earlier Iraq is really ready to put their rate international and have it in the Gazette. If that happens, we are just about where we need to be. We heard that, UN Operational. Rates suppose to show on the 13th...and taken effect date on the 15th which is Friday. ...we understand the Operational rates are due for a change. This is our currency rates... I am not going to call it, but based on what is happening in Iraq...we could be in the sweet spot in the next 24 to 36 hours. I am excited...be expectant of a really great week. [post 2 of 2]
9-13-2017 Intel Guru Bruce Iraq is basically done. With that I mean they published everything in the Gazette except the new rate. They were settling on a new rate yesterday [Monday]. We had a CBI rate being worked between so many dollars above it for a CBI rate...it could be published in tomorrow’s [Wednesday] Gazette. That is what I am hearing from my sources in Iraq. They already started the digital version of the Gazette, and bring it out 7:30 am Iraqi time or 12:30am EST tonight. That is an interesting time to me. Based on what is happening in Iraq and based on who is coming from Iraq to meet with our President. We have representatives from Iraq, Kuwait, Saudi Arabia, Jordan, Great Britain, and China tomorrow. Some are there now and some are on the way to meet with the President tomorrow. [post 1 of 2....stay tuned]
9-12-2017 Newshound Guru Aggiedad77 Article: "Abadi: Our achievements are great in the field of security and economy" IMO we can all understand the leaps and bounds that Iraq has made since 2014 with their security...look what they just whipped and kicked out of their country... Do you also fully realize the full circle they have come with economic issues...they are poised for the world in so many ways...this MR has flowed so wonderfully...it is getting closer to us, can you feel the heat of the lava flow...feel the presence in this month like never before... IMO the meetings and the speeches of this month are paramount in importance...so is the time upon us...you think...it sure seems like it doesn't it...it does IMO...the BEST is coming.
9-12-2017 Intel Guru Frank26 [LAST NIGHT IT WAS STATED THAT IRAQ'S FISCAL YEAR STARTED 01 OCT SAME AS THE USA! WAS THAT A MISSTATEMENT OR WAS THIS CHANGED IN THE RESENT PAST? IT REALLY DOES MAKE A DIFFERENCE TO THE STUDY... ] ...the true governmental time frame of their Fiscal year for both Iraq and USA is...October 1st to Sept 30th.
9-12-2017 Intel/Newshound Guru payray Article: "A new model of the currency of Kurdistan after the referendum of separation" Not going to happen anytime soon... The plan is already afoot, and we are in the final stage of it... Those who are in the know keep mentioning the need for it without actually declaring it by name...
9-12-2017 Newshound Guru MilitiaMan Article: "Masoum and Abadi to New York soon to attend the UN General Assembly" Truly a sign of the times... Both are going to New York, and we see Abadi has already met with Kubic of the UN. He was in full support of Abadi and what he has accomplished. Keep in mind they have parliament in session if I read that right going over the electronic ration cards as we speak and the national oil company. Do we all see the picture being painted...
9-12-2017 Newshound Guru Aggiedad77 Article: "Completion of 4,000 km of optical network" Quotes: "International Information Network, has completed more than 95 percent of the optical network project " "The Ministry of Communications has announced that the activation of optical network services will begin before the end of this year." ...IMO...the strengthening of their communications systems throughout much of Iraq...and with a "special network of services"...that is big news...also IMO this is telling us the war on terrorism is coming to a close, maybe more swift than we realize...to dig the trenches they are using to install the fiber optics they have to know the areas are safe and free of unexploded bombs...for this kind of distance of optic cable to be buried the Iraqis have to be winning in a big way...again all IMO...and top notch services provided to the homes of Iraqis...they are taking the banks to the citizens in all of this I am predicting...IMO...the BEST news.
9-12-2017 Newshound Guru chattels [Iraq with the kurds pump 4 million barrels a day times 7 days a week for 12 months a year times 4 years at $40 a barrel. somebody is stealing a lot of Money.] Really, it is not that much money. The numbers vary every year as to production and price of oil. Bottom line, IMO, gross revenues barely pay salaries. But hopefully the outcome of our investment depends upon other factors. I am in for the long haul. It is I have said a once in a millennium opportunity. I still believe it.
9-12-2017 Intel/Newshound Guru payray ...we do not know the exact day... But we certainly seem to be getting awfully close...
9-12-2017 Intel Guru Frank26 [LAST NIGHT IT WAS STATED THAT IRAQ'S FISCAL YEAR STARTED 01 OCT SAME AS THE USA! WAS THAT A MISSTATEMENT OR WAS THIS CHANGED IN THE RESENT PAST? IT REALLY DOES MAKE A DIFFERENCE TO THE STUDY... ] ...the true governmental time frame of their Fiscal year for both Iraq and USA is...October 1st to Sept 30th.
9-12-2017 Intel/Newshound Guru payray Article: "A new model of the currency of Kurdistan after the referendum of separation" Not going to happen anytime soon... The plan is already afoot, and we are in the final stage of it... Those who are in the know keep mentioning the need for it without actually declaring it by name...
9-12-2017 Newshound Guru MilitiaMan Article: "Masoum and Abadi to New York soon to attend the UN General Assembly" Truly a sign of the times... Both are going to New York, and we see Abadi has already met with Kubic of the UN. He was in full support of Abadi and what he has accomplished. Keep in mind they have parliament in session if I read that right going over the electronic ration cards as we speak and the national oil company. Do we all see the picture being painted...
9-12-2017 Newshound Guru Aggiedad77 Article: "Completion of 4,000 km of optical network" Quotes: "International Information Network, has completed more than 95 percent of the optical network project " "The Ministry of Communications has announced that the activation of optical network services will begin before the end of this year." ...IMO...the strengthening of their communications systems throughout much of Iraq...and with a "special network of services"...that is big news...also IMO this is telling us the war on terrorism is coming to a close, maybe more swift than we realize...to dig the trenches they are using to install the fiber optics they have to know the areas are safe and free of unexploded bombs...for this kind of distance of optic cable to be buried the Iraqis have to be winning in a big way...again all IMO...and top notch services provided to the homes of Iraqis...they are taking the banks to the citizens in all of this I am predicting...IMO...the BEST news.
9-12-2017 Newshound Guru chattels [Iraq with the kurds pump 4 million barrels a day times 7 days a week for 12 months a year times 4 years at $40 a barrel. somebody is stealing a lot of Money.] Really, it is not that much money. The numbers vary every year as to production and price of oil. Bottom line, IMO, gross revenues barely pay salaries. But hopefully the outcome of our investment depends upon other factors. I am in for the long haul. It is I have said a once in a millennium opportunity. I still believe it.
9-12-2017 Intel/Newshound Guru payray ...we do not know the exact day... But we certainly seem to be getting awfully close...
9-11-2017 Intel Guru RayRen98 [If the dinar goes tomorrow, will the dong go simultaneously?] That is what is expected. The information is still indicating that they will all go together, all the currencies we are interested in.
9-11-2017 Newshound Guru Aggiedad77 Article: "The Government approves the tasks and mechanism of the Higher Committee for Investment and Reconstruction" On the surface this little article seems to be nothing big...but look who approved the tasks...the CABINET...Abadi's Cabinet...on a Monday...out of the ordinary they would meet today...they normally meet on Tuesdays... Then look at who all was there, most of the Cabinet and ALLAK...why would this kind of high powered Iraqi group need to meet for what a committee was doing...hmmmmmm...is your interest perked up yet...they are considering the LL (long line) IMO...and IMO...they seem to be getting obstacles out of the way...What for...getting ready for implementation of things...investments ...companies and countries coming in...this is HUGE IMO...simply HUGE...it's pointing us towards good things to come...IMO.
9-11-2017 Intel/Newshound Guru payray You will not be sorry for hanging on... Remember folks that Shabibi spoke of the news getting crazy, and inconsistent as we approached D-Day... Be of good cheer... Lets not lose faith as we draw near to this coming to pass...
9-11-2017 Intel Guru Frank26 Article: "The Central Bank is announcing plans to attract the money raised and blown up by the banking system " Quote: "...the Central Bank has a scheme to resolve this issue through the development of plans and studies to attract funds and their attractions within the banking system..." ABSOLUTELY WONDERFUL!
9-11-2017 Intel Guru RayRen98 We went into the weekend with expectations of announcements that did not take place, but it appears some other things did take place, and that means I am looking forward to some changes taking place tomorrow in some of the systems. As we wait for those to go through the normal order of things, when we can bring information to you, we will. The wheels of progress are turning, and there is some slight evidence of that. We feel good about where we are...
9-11-2017 Intel/Newshound Guru payray Investors Union: Quote: "...a group of Iraqi businessmen, known for their accumulated experience and financial capabilities, are moving to establish an 'investors' union' in a timely manner, a step that has implications and importance at this critical stage." The talk of investors within Iraq coming together as one is certainly a great sign... Remember that Isis has just about been eliminated from Iraq, and now we have confidence being touted by those who desire to rebuild this country of Iraq... But they know, as we do, that in order for it to be profitable, and well worth their while, the Iraqi dinar has to have value... And it will...
9-11-2017 Newshound Guru Kaperoni From CBI - The phenomenon of compactness in Iraq analysis. Quotes: "Iraqi Central Bank held a seminar on Sunday 10/9/2017 specialist to analyze the phenomenon of compactness in Iraq..." "...the available cash is currently not available as planned and also pointed out that the central bank has a plan to resolve this issue through the development of plans and studies to attract money and Arvadha within the banking system." So they held a seminar to discuss getting the dinar out from under mattresses. They need to get the deposit insurance law in place and move citizens to smart cards and then the dinar will start to come into the banks.
9-11-2017 Newshound Guru Aggiedad77 Article: "The Government approves the tasks and mechanism of the Higher Committee for Investment and Reconstruction" On the surface this little article seems to be nothing big...but look who approved the tasks...the CABINET...Abadi's Cabinet...on a Monday...out of the ordinary they would meet today...they normally meet on Tuesdays... Then look at who all was there, most of the Cabinet and ALLAK...why would this kind of high powered Iraqi group need to meet for what a committee was doing...hmmmmmm...is your interest perked up yet...they are considering the LL (long line) IMO...and IMO...they seem to be getting obstacles out of the way...What for...getting ready for implementation of things...investments ...companies and countries coming in...this is HUGE IMO...simply HUGE...it's pointing us towards good things to come...IMO.
9-11-2017 Intel/Newshound Guru payray You will not be sorry for hanging on... Remember folks that Shabibi spoke of the news getting crazy, and inconsistent as we approached D-Day... Be of good cheer... Lets not lose faith as we draw near to this coming to pass...
9-11-2017 Intel Guru Frank26 Article: "The Central Bank is announcing plans to attract the money raised and blown up by the banking system " Quote: "...the Central Bank has a scheme to resolve this issue through the development of plans and studies to attract funds and their attractions within the banking system..." ABSOLUTELY WONDERFUL!
9-11-2017 Intel Guru RayRen98 We went into the weekend with expectations of announcements that did not take place, but it appears some other things did take place, and that means I am looking forward to some changes taking place tomorrow in some of the systems. As we wait for those to go through the normal order of things, when we can bring information to you, we will. The wheels of progress are turning, and there is some slight evidence of that. We feel good about where we are...
9-11-2017 Intel/Newshound Guru payray Investors Union: Quote: "...a group of Iraqi businessmen, known for their accumulated experience and financial capabilities, are moving to establish an 'investors' union' in a timely manner, a step that has implications and importance at this critical stage." The talk of investors within Iraq coming together as one is certainly a great sign... Remember that Isis has just about been eliminated from Iraq, and now we have confidence being touted by those who desire to rebuild this country of Iraq... But they know, as we do, that in order for it to be profitable, and well worth their while, the Iraqi dinar has to have value... And it will...
9-11-2017 Newshound Guru Kaperoni From CBI - The phenomenon of compactness in Iraq analysis. Quotes: "Iraqi Central Bank held a seminar on Sunday 10/9/2017 specialist to analyze the phenomenon of compactness in Iraq..." "...the available cash is currently not available as planned and also pointed out that the central bank has a plan to resolve this issue through the development of plans and studies to attract money and Arvadha within the banking system." So they held a seminar to discuss getting the dinar out from under mattresses. They need to get the deposit insurance law in place and move citizens to smart cards and then the dinar will start to come into the banks.
9-10-2017 Intel Guru RayRen98 [It was my understanding that the pre-Saddam rate for the dinar was around $3.22. How is it that the RI rate, a Re-in statement rate, could be in the $2.00 range? We had heard early on that an RI rate would be the $3.22 plus inflation.] Well, Iraq can do whatever they want to do. It’s going to be whatever it’s going to be, and we can work with that.
9-10-2017 Intel/Newshound Guru payray Article: "The budget for 2018 is in the semi-final preparation, and will be presented to the Council of Ministers next month" ...I am curious about this supplemental budget that was signed by President Masum, and placed into the Gazette a few days ago... Speaking of President Masum, he is slated to visit the US, and speak to the UN general assembly on the 17th of this month... Wouldn't it be nice if before he left to address the UN, the dinar officially goes international with a fair, and just rate... Only adding to the importance of his speech to the UN... Sending the message, "Iraq is back baby.."...And of course the UN comes out with their semi-monthly rates for worldwide currencies on the 15th of Sept... Lets see how this plays out...
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-10-2017 Guest Guru BobTheTaxMan If you are going to give away dinar as dinar, keep it as dinar. Remember I told you earlier [See additional Guru BobTheTaxMan Posts 9-9-2017 below], the moment you take it to the bank to cash it in, it is a taxable transaction. When you gift dinar, I doubt for the most part you’re going to give away $14,000 dollars that you paid for the dinar to somebody. Let’s say for example you’re going to give them a million dinar and you paid $1,000 dollars for that million dinar that’s only $1,000 on the gift tax that’s it…Not reportable. You don’t have to worry about it. You’re allowed to give away $14,000 (If you’re married you’re allow to give away $28,000) without having to report it. It doesn’t reflect back into your estate tax at all. Make sure you gift it in a statement and you do it in dinar. Do not make the mistake of cashing it in and then giving it. When the recipient gets that money along with the agreement/arrangement you’ve made…when they cash it in, it becomes taxable to them not to you... [NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-10-2017 Newshound Guru MilitiaMan It is clearly apparent that when the CBI" "Central Bank of Iraq issued long-awaited instruction for e-wallets and mobile payments apps like Venmo and Pay Pal", and now we see that they have sent out MCs [MasterCards ?], thus, one can safely presume this ride is in full motion and won't be stopped. Imo, the longer it takes the closer we are each and everyday going forward. ...the CBI imo is telling everyone in the world they are fully International.. There are ATMs that don't take or work with triple zeros noted imo in place. My thinking is that the CBI using a very powerful social media outlet to tell us that instructions were Issued for Pay Pal and VERNOM is very very huge...IMO.
9-10-2017 Intel/Newshound Guru payray Article: "The budget for 2018 is in the semi-final preparation, and will be presented to the Council of Ministers next month" ...I am curious about this supplemental budget that was signed by President Masum, and placed into the Gazette a few days ago... Speaking of President Masum, he is slated to visit the US, and speak to the UN general assembly on the 17th of this month... Wouldn't it be nice if before he left to address the UN, the dinar officially goes international with a fair, and just rate... Only adding to the importance of his speech to the UN... Sending the message, "Iraq is back baby.."...And of course the UN comes out with their semi-monthly rates for worldwide currencies on the 15th of Sept... Lets see how this plays out...
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-10-2017 Guest Guru BobTheTaxMan If you are going to give away dinar as dinar, keep it as dinar. Remember I told you earlier [See additional Guru BobTheTaxMan Posts 9-9-2017 below], the moment you take it to the bank to cash it in, it is a taxable transaction. When you gift dinar, I doubt for the most part you’re going to give away $14,000 dollars that you paid for the dinar to somebody. Let’s say for example you’re going to give them a million dinar and you paid $1,000 dollars for that million dinar that’s only $1,000 on the gift tax that’s it…Not reportable. You don’t have to worry about it. You’re allowed to give away $14,000 (If you’re married you’re allow to give away $28,000) without having to report it. It doesn’t reflect back into your estate tax at all. Make sure you gift it in a statement and you do it in dinar. Do not make the mistake of cashing it in and then giving it. When the recipient gets that money along with the agreement/arrangement you’ve made…when they cash it in, it becomes taxable to them not to you... [NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-10-2017 Newshound Guru MilitiaMan It is clearly apparent that when the CBI" "Central Bank of Iraq issued long-awaited instruction for e-wallets and mobile payments apps like Venmo and Pay Pal", and now we see that they have sent out MCs [MasterCards ?], thus, one can safely presume this ride is in full motion and won't be stopped. Imo, the longer it takes the closer we are each and everyday going forward. ...the CBI imo is telling everyone in the world they are fully International.. There are ATMs that don't take or work with triple zeros noted imo in place. My thinking is that the CBI using a very powerful social media outlet to tell us that instructions were Issued for Pay Pal and VERNOM is very very huge...IMO.
9-9-2017 Intel/Newshound Guru payray Article: "Jordan issues first fruit shipment to Iraq today" Getting those trade passages open again between Jordan, and Iraq is good news... Jordan feeling good about exporting to Iraq means that they are comfortable with their security situation... Now if they want to really profit, the need to increase the value of the Iraqi dinar is essential...
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-9-2017 Guest Guru BobTheTaxMan …As soon as you determine that and you have this idea--you’ve decided you’re going to cash in X amount or whatever percentage you have at whatever rate appears to be at this time, plan on the taxes. My invitation to you is to pay it the day you cash it. Don’t wait. Pay it. Get it out of your life…then after that everything you have left over is all yours you can do what you want with it…Income taxes are going to be applicable. A lot of people are going to come back and say “What about capital gains tax.” This particular investment is not going to be treated as capital gains…It’s going to be treated as ordinary income. Which makes it subject to tax brackets…federal and state…Plan on these taxes and act accordingly. [Post 2 of 2 NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time]
9-9-2017 Newshound Guru Kaperoni Article: "Saleh: The 2018 budget will be presented to parliament next month, and will include maximizing the non-oil resources" Quote: "the 2018 budget year is moving to expand non-oil resources whenever possible, as the State orientation is to encourage employment through the private sector" . They got work to do if they expect this to occur
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-9-2017 Guest Guru BobTheTaxMan ...I understand that Donald Trump is bringing to the table a whole series of tax changes that are coming up and I’m excited for those…but for now we’re going to deal with the tax codes that are in place…the determination of the value of the dinar and when you cash it in, is going to determine which [tax] bracket you fall in to…when you take your dinar to a bank or to any kind of exchange institution at all…understand that becomes a taxable event. That’s the place where the taxes are then applied…So when you create your strategy for when it goes to cashing in your dinar you want to take a look at what bracket you’re going to fall into… [Post 1 of 2 NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time]
9-9-2017 Intel/Newshound Guru jayray All of these ports, and borders suddenly opening up is a great sign... The dinar receiving a boost in value means that these imports will have an opportunity to be bought.. Because we all know that Iraq does not have much of an export base... Oil, and some natural gas... That is about it...
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-9-2017 Guest Guru BobTheTaxMan …As soon as you determine that and you have this idea--you’ve decided you’re going to cash in X amount or whatever percentage you have at whatever rate appears to be at this time, plan on the taxes. My invitation to you is to pay it the day you cash it. Don’t wait. Pay it. Get it out of your life…then after that everything you have left over is all yours you can do what you want with it…Income taxes are going to be applicable. A lot of people are going to come back and say “What about capital gains tax.” This particular investment is not going to be treated as capital gains…It’s going to be treated as ordinary income. Which makes it subject to tax brackets…federal and state…Plan on these taxes and act accordingly. [Post 2 of 2 NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time]
9-9-2017 Newshound Guru Kaperoni Article: "Saleh: The 2018 budget will be presented to parliament next month, and will include maximizing the non-oil resources" Quote: "the 2018 budget year is moving to expand non-oil resources whenever possible, as the State orientation is to encourage employment through the private sector" . They got work to do if they expect this to occur
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time ***
9-9-2017 Guest Guru BobTheTaxMan ...I understand that Donald Trump is bringing to the table a whole series of tax changes that are coming up and I’m excited for those…but for now we’re going to deal with the tax codes that are in place…the determination of the value of the dinar and when you cash it in, is going to determine which [tax] bracket you fall in to…when you take your dinar to a bank or to any kind of exchange institution at all…understand that becomes a taxable event. That’s the place where the taxes are then applied…So when you create your strategy for when it goes to cashing in your dinar you want to take a look at what bracket you’re going to fall into… [Post 1 of 2 NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time]
9-9-2017 Intel/Newshound Guru jayray All of these ports, and borders suddenly opening up is a great sign... The dinar receiving a boost in value means that these imports will have an opportunity to be bought.. Because we all know that Iraq does not have much of an export base... Oil, and some natural gas... That is about it...
9-8-2017 Intel Guru RayRen98 There should be an announcement from Iraq about revaluing its currency. That is the expectation, at any rate. Also, some people have been called in to work, with the anticipation that some things should pop out over the weekend. The information should come out over the weekend with action early next week, IF the information I have heard holds true. Iraqi television has told their citizens the value of their currency will increase during September. We are hearing rumors about 10. September, and also between 10-15 September. I do believe the process has begun; there are different phases, but right now the focus is on the announcement coming out on the 10th. That will determine what kind of week we have next week. That information should come out this weekend, and that doesn’t mean everyone will be running to the bank, but you might next week. That is just the release that might or might not happen.
9-8-2017 Newshound Guru Kaperoni And finally...some claim that Iraq needs to get rid of the dollar in Iraq. That will never happen. Countries like Iraq sell oil for dollar and store dollars as reserves. They will always have dollars. What they need to do is reduce the spread before the Official Rate of the dinar and the Market Rate of the dinar within 2% (about 1200 to $1) to meet compliance. In doing so, this will allow them to accept Article VIII of the IMF, and reduce what is termed.."multiple currency practice" which is a reference to pricing of goods at two different rates within the same country as the result of the countries currency exceeding the allowed spread. It has nothing to do with the dollar. The dollar will always be in Iraq. They hope is that once the dinar is worth more, or has a value that exceeds the dollar, citizens would desire it over the dollar. In doing so, the dollar would of course be less prevalent. But that is not a requirement or condition set forth by the IMF. [post 2 of 2]
9-8-2017 Newshound Guru Kaperoni 1. The CBI can never revalue for the simple reason there is over 40 trillion dinar in circulation (over 3 times the worlds money supply) which would instantly bankrupt the country, 2. floating the dinar is the replacement for the daily currency auctions in which the CBI profits. If they were to revalue, they would be short changing themselves on the commissions they can make as the dinar appreciates, and 3. nobody would "buy" it up. You cannot buy what does not exist. A float is just like any other country who floats and you can see in those models, nobody is buying up those currencies beyond the international financial environment. The CBI does expect and want it's currency to traded through the global financial system as well as the markets. Though there has been comments published in the past about a 1 to $1 rate, it was never stated it would occur overnight. In fact, it simply cant. [post 1 of 2....stay tuned]
9-8-2017 Intel/Newshound Guru jayray [Let's see what happens on Sept 15th or shortly thereafter.] I agree with this POTENTIAL date of Sept. 15th...I believe the UN puts up the new currency rates on this date for one... Is it not the 1st, and 15th of the month for international currency rate changes being posted via the UN? Also getting close to the Sept. 18th parliamentary elections for Iraq as well... This would serve in Abadi's, and those who allied with him within parliament, best interests to have this done before the elections...
9-8-2017 Intel Guru Bruce EVERYTHING IS READY FOR RV RELEASE... EXCHANGES COULD START BEFORE IRMA HITS FL. IRAQ DID EVERYTHING THEY WERE SUPPOSED TO DO PUBLISHING THEIR GOI GAZETTE ...WED 9/6 -- BUT THEY DID NOT REVEAL THE RV RATE OF THE DINAR. THE DINAR RATE IS TRADING UP HIGHER, AND WE ARE HEARING THAT IS REASON THE RV RATE WAS NOT PUT IN THE GAZETTE ON WED 9/6. HEARING THAT ABADI AND/OR SHABIBI IS GOING TO MAKE AN ANNOUNCEMENT ON THE DINAR RV RATE ON SAT 9/9. IRAQ IS ALREADY GOING WITH THE LOWER DENOM'S IN THE IRAQI BANK ATM'S AND THE SMART CARDS THAT HAVE THE DINAR RV RATE ON THEM WITH THE RATE MOVING HIGHER AND HIGHER--THE DINAR RATE WAS TRADED HIGHER TILL...THU 9/7, THEN IT STABILIZED. HEARING THEY WILL STAY AT THAT RATE TILL EXCHANGES START UNTIL THEY ARE TRADED ON FOREX LATER. WE COULD START EXCHANGES ANY MOMENT, OR EARLY NEXT WEEK.
9-8-2017 Newshound Guru Kaperoni Quote: "Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," Now keep in mind this was all moving forward under Shabibi...when he had the dinar stable and in compliance...and the Market Rate/Street Rate spread under 2%. Since then, monetary policy has been in disorder and such statements have not been made. But I expect when and if the CBI can get in compliance we will see them start the process. [post 2 of 2]
9-8-2017 Newshound Guru Kaperoni And finally...some claim that Iraq needs to get rid of the dollar in Iraq. That will never happen. Countries like Iraq sell oil for dollar and store dollars as reserves. They will always have dollars. What they need to do is reduce the spread before the Official Rate of the dinar and the Market Rate of the dinar within 2% (about 1200 to $1) to meet compliance. In doing so, this will allow them to accept Article VIII of the IMF, and reduce what is termed.."multiple currency practice" which is a reference to pricing of goods at two different rates within the same country as the result of the countries currency exceeding the allowed spread. It has nothing to do with the dollar. The dollar will always be in Iraq. They hope is that once the dinar is worth more, or has a value that exceeds the dollar, citizens would desire it over the dollar. In doing so, the dollar would of course be less prevalent. But that is not a requirement or condition set forth by the IMF. [post 2 of 2]
9-8-2017 Newshound Guru Kaperoni 1. The CBI can never revalue for the simple reason there is over 40 trillion dinar in circulation (over 3 times the worlds money supply) which would instantly bankrupt the country, 2. floating the dinar is the replacement for the daily currency auctions in which the CBI profits. If they were to revalue, they would be short changing themselves on the commissions they can make as the dinar appreciates, and 3. nobody would "buy" it up. You cannot buy what does not exist. A float is just like any other country who floats and you can see in those models, nobody is buying up those currencies beyond the international financial environment. The CBI does expect and want it's currency to traded through the global financial system as well as the markets. Though there has been comments published in the past about a 1 to $1 rate, it was never stated it would occur overnight. In fact, it simply cant. [post 1 of 2....stay tuned]
9-8-2017 Intel/Newshound Guru jayray [Let's see what happens on Sept 15th or shortly thereafter.] I agree with this POTENTIAL date of Sept. 15th...I believe the UN puts up the new currency rates on this date for one... Is it not the 1st, and 15th of the month for international currency rate changes being posted via the UN? Also getting close to the Sept. 18th parliamentary elections for Iraq as well... This would serve in Abadi's, and those who allied with him within parliament, best interests to have this done before the elections...
9-8-2017 Intel Guru Bruce EVERYTHING IS READY FOR RV RELEASE... EXCHANGES COULD START BEFORE IRMA HITS FL. IRAQ DID EVERYTHING THEY WERE SUPPOSED TO DO PUBLISHING THEIR GOI GAZETTE ...WED 9/6 -- BUT THEY DID NOT REVEAL THE RV RATE OF THE DINAR. THE DINAR RATE IS TRADING UP HIGHER, AND WE ARE HEARING THAT IS REASON THE RV RATE WAS NOT PUT IN THE GAZETTE ON WED 9/6. HEARING THAT ABADI AND/OR SHABIBI IS GOING TO MAKE AN ANNOUNCEMENT ON THE DINAR RV RATE ON SAT 9/9. IRAQ IS ALREADY GOING WITH THE LOWER DENOM'S IN THE IRAQI BANK ATM'S AND THE SMART CARDS THAT HAVE THE DINAR RV RATE ON THEM WITH THE RATE MOVING HIGHER AND HIGHER--THE DINAR RATE WAS TRADED HIGHER TILL...THU 9/7, THEN IT STABILIZED. HEARING THEY WILL STAY AT THAT RATE TILL EXCHANGES START UNTIL THEY ARE TRADED ON FOREX LATER. WE COULD START EXCHANGES ANY MOMENT, OR EARLY NEXT WEEK.
9-8-2017 Newshound Guru Kaperoni Quote: "Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," Now keep in mind this was all moving forward under Shabibi...when he had the dinar stable and in compliance...and the Market Rate/Street Rate spread under 2%. Since then, monetary policy has been in disorder and such statements have not been made. But I expect when and if the CBI can get in compliance we will see them start the process. [post 2 of 2]
9-7-2017 Newshound Guru Kaperoni Article quote: "staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. " Thats a float people! ...both the IMF and CBI have stated in so many words that it will rise gradually. That is most logical and fits in with the concept of countering inflationary pressure created by an influx of investment. I think once the CBI starts to float the dinar, they could raise the value to 1 to $1 or about within 6 months to a year. [post 1 of 2....stay tuned]
9-7-2017 Intel Guru Frank26 CBI WEBSITE IS NOW MERGED ... IMO...VIA [GURU] DELTA...
9-7-2017 Newshound Guru Kaperoni "The CBI has also requested the technical assistance of the IMF Legal and Monetary and Capital Markets Department to analyze the reasons behind the rise of the exchange rate spread" ...in the last Article IV dated last month, the CBI had requested the UST and the IMF to help them get in compliance...that gives me hope they can get in compliance... and once they do, they will accept Article VIII, which will open the banking system to the world, allowing international investment, etc. So if that occurs, we may see such an effect by end of year. I do believe it is well documented that the world wants to come to Iraq and invest. If, Iraq could ever set the stage, by that meaning pass the laws, get the banking system in order, they have the potential for billions of dollars in private investment. So hang in there.
9-7-2017 Intel/Newshound Guru payray ... I am curious about the supplemental budget for 2017 that was passed about a month, and just placed in the Gazette... Before Iraq could receive monies from the IMF, and move on...as it concerned their economic progress, this supplemental budget to the 2017 budget had to be signed into law... So much going on behind the scenes that is not being disclosed.. With the vain drumbeat of the referendum being beaten by the Kurdish leadership, the finishing off of Isis within Iraq, and the desire to get the reconstruction process going full steam ahead... (Especially now that the weather is beginning to cool off in Iraq)... With this supplemental budget being placed in the Gazette just days ago, we shall see what occurs this month... Between now, and the 15th of this month of Sept, we shall see what occurs.. This process reminds me of a huge slingshot...And Iraq is pulling back as far as it can go so the boulder will fly as far as it will go...
9-7-2017 Newshound Guru MilitiaMan Article: "Trade announces near electronic clearing for registration of companies" The new theme in the news, INTERNATIONALISM... "confirming that next month will be approved electronic clearing in the payment of fees."...International Companies... News that is three weeks behind? Kinda like the 16 Banks that [Guru] Frank26 told us about around three weeks in advance. Came true! Abadi is feeding the world ever so slowly which is to curb speculation. Let's watch now for Abadi to talk Article 8, budget, etc... imo.
9-7-2017 Intel/Newshound Guru payray [new Guru] Article: "Japan grants Iraq $ 270 million loan" I know some get upset with all of the grants, and loans Iraq is getting to help them along with their economy... The one thing we have to bear in mind is that even when the dinar receives value, it will take some time for the Iraqi economy to actually benefit from it... For them it will not be an instant increase in wealth as it will be for us who are not in country... But once it does gather full steam, Iraq will certainly be one of the more powerful economies in the world... These loans, and grants are meant to ensure that the transition will be smooth, and everything is covered until that time comes when it will be self sustaining...
9-7-2017 Newshound Guru Adam Montana Final talking points… anyone heard from ISIS lately? No? Looks like that is going exactly as planned. And how about this latest from the IMF? We would never expect any major agency to come out and say “The dinar is going to go up!”, but I know how to read between the lines. All signals are pointing to “GO”. [post 2 of 2]
9-7-2017 Intel Guru Frank26 CBI WEBSITE IS NOW MERGED ... IMO...VIA [GURU] DELTA...
9-7-2017 Newshound Guru Kaperoni "The CBI has also requested the technical assistance of the IMF Legal and Monetary and Capital Markets Department to analyze the reasons behind the rise of the exchange rate spread" ...in the last Article IV dated last month, the CBI had requested the UST and the IMF to help them get in compliance...that gives me hope they can get in compliance... and once they do, they will accept Article VIII, which will open the banking system to the world, allowing international investment, etc. So if that occurs, we may see such an effect by end of year. I do believe it is well documented that the world wants to come to Iraq and invest. If, Iraq could ever set the stage, by that meaning pass the laws, get the banking system in order, they have the potential for billions of dollars in private investment. So hang in there.
9-7-2017 Intel/Newshound Guru payray ... I am curious about the supplemental budget for 2017 that was passed about a month, and just placed in the Gazette... Before Iraq could receive monies from the IMF, and move on...as it concerned their economic progress, this supplemental budget to the 2017 budget had to be signed into law... So much going on behind the scenes that is not being disclosed.. With the vain drumbeat of the referendum being beaten by the Kurdish leadership, the finishing off of Isis within Iraq, and the desire to get the reconstruction process going full steam ahead... (Especially now that the weather is beginning to cool off in Iraq)... With this supplemental budget being placed in the Gazette just days ago, we shall see what occurs this month... Between now, and the 15th of this month of Sept, we shall see what occurs.. This process reminds me of a huge slingshot...And Iraq is pulling back as far as it can go so the boulder will fly as far as it will go...
9-7-2017 Newshound Guru MilitiaMan Article: "Trade announces near electronic clearing for registration of companies" The new theme in the news, INTERNATIONALISM... "confirming that next month will be approved electronic clearing in the payment of fees."...International Companies... News that is three weeks behind? Kinda like the 16 Banks that [Guru] Frank26 told us about around three weeks in advance. Came true! Abadi is feeding the world ever so slowly which is to curb speculation. Let's watch now for Abadi to talk Article 8, budget, etc... imo.
9-7-2017 Intel/Newshound Guru payray [new Guru] Article: "Japan grants Iraq $ 270 million loan" I know some get upset with all of the grants, and loans Iraq is getting to help them along with their economy... The one thing we have to bear in mind is that even when the dinar receives value, it will take some time for the Iraqi economy to actually benefit from it... For them it will not be an instant increase in wealth as it will be for us who are not in country... But once it does gather full steam, Iraq will certainly be one of the more powerful economies in the world... These loans, and grants are meant to ensure that the transition will be smooth, and everything is covered until that time comes when it will be self sustaining...
9-7-2017 Newshound Guru Adam Montana Final talking points… anyone heard from ISIS lately? No? Looks like that is going exactly as planned. And how about this latest from the IMF? We would never expect any major agency to come out and say “The dinar is going to go up!”, but I know how to read between the lines. All signals are pointing to “GO”. [post 2 of 2]
9-6-2017 Newshound Guru Adam Montana ...we do have some encouraging tidbits. OPEC - there are already talks of extending the current agreement, which Iraq is in a great spot to take advantage of. Most of the news you will see and hear is glossing over the very important fact that Iraq has an exemption in this deal. This is a big deal for them, and the more the media ignores it, the more I like it! Kurdish Independence - the date for the Referendum, however meaningless it may turn out to be, is still September 24. This gives us a mere 18 days between now and then to potentially see some big news on several fronts. We are standing by for news to pop, probably out of nowhere, unexpectedly, and possibly groundbreaking. I’m sure you’ve heard the phrase “the calm before the storm”...and I’m not talking about Irma! [post 1 of 2....stay tuned]
9-6-2017 Intel Guru Delta "Subscription controls for retail payment infrastructure" Quote: "Distribution controls in the retail payment infrastructure for the purpose of organizing and managing the work of e-payment providers through mobile phone International best practice The corporate controls on retail payment infrastructure have been updated..." THE DATE OF THIS MEMO...07/20/17...BUT THEY ARE SHOWING IT TO US TODAY!!! (wink)
9-6-2017 Intel Guru RayRen98 The Budget is out; it did not reveal what we are looking for, yet. It is believed an announcement will be made somewhere between now and Sunday. I’ve heard the 10th, the 9th, so I’m saying between now and Sunday. Abadi should be announcing the RI of their currency, in the $2 range, and the word is that he will be making that announcement on the 9th or 10th. We’re in a really good place. Some sources are saying attempts have been made to get this thing out. We are in the process of letting things happen. ...let’s see what the week brings up.
9-5-2017 Newshound Guru Breitling ...It’s very simple for them to start adding value to it [dinar] especially with what they’ve already done. Again and again and again I get emails from people asking, “What do they need to do?” Iraq doesn’t need to do anything. They’ve gotten their currency down to where you and I can exchange for up to .54 or 55 cents. Where are they going to come out? I don’t know. Can they pull more dinar off the market? Sure they can. I haven’t seen any reports on what they’re doing. There really hasn’t been anything out there…there hasn’t been for a while. I know what they’ve already done. And I know what you and I can exchange at. And I know they’re primed to do it. And I know what the market is and it’s a long trend. That’s what they have been waiting for.
9-6-2017 Newshound Guru mike Article: "Central Bank reserves below $ 36 billion in debt and up scary numbers!" We've watched the reserves drop from $80 billion to $36 billion over the past three years, heck, we extrapolated the loss after the first year and this is roughly where we thought they would be in 2017, give or take a few billion. Iraq is spending more than it makes, they're not adding to the reserves, they're cannabalizing it. Iraq's budget has had a $25 billion dollar deficit for the past three years, there's no ability to add to the reserves. This isn't unique to Iraq, Venezuela is going through the exact same scenario, they're down to $10.5 billion in reserves. Their currency has cratered, inflation is rampant and they're soon going to default on their sovereign debt. This is Iraq if they don't put a tourniquet on their problems and make immediate change. Emotions aside, Iraq needs to do something now if they want to have any choices for the future.
9-6-2017 Intel Guru Bruce We do know by our contacts in Iraq the complete new budge is in the Gazette and it is being put in there and printed now. Also with that new budget, we should have new rates seen. Hopefully they are visible in the Gazette as well. Things are moving very nicely. We can get notified anytime from now on. I just can tell you we are very close to the end. You should be in a place of expectation. [post 2 of 2]
9-6-2017 Intel Guru Bruce Iraq is moving through this very well. They...have new rates, ATMS spitting out lower denoms for two weeks now for a while, they have paid everybody at new rates, and they have their new Qi cards out that have biometric features to them for security. A lot to the new system and there are new rates showing up on the cards. In some cases the rates disappeared and they could only see the account balances. The accounts are hydrated and the people are able to spend the money. They went up on their daily amounts 100 fold. A very positive thing for Iraq. [post 1 of 2....stay tuned]
9-6-2017 Newshound Guru Kaperoni Article: "Iraq is the second largest importer of Iranian goods during the first four months of this year" If anyone didn't know, Iran is slowly taking over more and more of Iraq. Not good
9-6-2017 Intel Guru Delta "Subscription controls for retail payment infrastructure" Quote: "Distribution controls in the retail payment infrastructure for the purpose of organizing and managing the work of e-payment providers through mobile phone International best practice The corporate controls on retail payment infrastructure have been updated..." THE DATE OF THIS MEMO...07/20/17...BUT THEY ARE SHOWING IT TO US TODAY!!! (wink)
9-6-2017 Intel Guru RayRen98 The Budget is out; it did not reveal what we are looking for, yet. It is believed an announcement will be made somewhere between now and Sunday. I’ve heard the 10th, the 9th, so I’m saying between now and Sunday. Abadi should be announcing the RI of their currency, in the $2 range, and the word is that he will be making that announcement on the 9th or 10th. We’re in a really good place. Some sources are saying attempts have been made to get this thing out. We are in the process of letting things happen. ...let’s see what the week brings up.
9-5-2017 Newshound Guru Breitling ...It’s very simple for them to start adding value to it [dinar] especially with what they’ve already done. Again and again and again I get emails from people asking, “What do they need to do?” Iraq doesn’t need to do anything. They’ve gotten their currency down to where you and I can exchange for up to .54 or 55 cents. Where are they going to come out? I don’t know. Can they pull more dinar off the market? Sure they can. I haven’t seen any reports on what they’re doing. There really hasn’t been anything out there…there hasn’t been for a while. I know what they’ve already done. And I know what you and I can exchange at. And I know they’re primed to do it. And I know what the market is and it’s a long trend. That’s what they have been waiting for.
9-6-2017 Newshound Guru mike Article: "Central Bank reserves below $ 36 billion in debt and up scary numbers!" We've watched the reserves drop from $80 billion to $36 billion over the past three years, heck, we extrapolated the loss after the first year and this is roughly where we thought they would be in 2017, give or take a few billion. Iraq is spending more than it makes, they're not adding to the reserves, they're cannabalizing it. Iraq's budget has had a $25 billion dollar deficit for the past three years, there's no ability to add to the reserves. This isn't unique to Iraq, Venezuela is going through the exact same scenario, they're down to $10.5 billion in reserves. Their currency has cratered, inflation is rampant and they're soon going to default on their sovereign debt. This is Iraq if they don't put a tourniquet on their problems and make immediate change. Emotions aside, Iraq needs to do something now if they want to have any choices for the future.
9-6-2017 Intel Guru Bruce We do know by our contacts in Iraq the complete new budge is in the Gazette and it is being put in there and printed now. Also with that new budget, we should have new rates seen. Hopefully they are visible in the Gazette as well. Things are moving very nicely. We can get notified anytime from now on. I just can tell you we are very close to the end. You should be in a place of expectation. [post 2 of 2]
9-6-2017 Intel Guru Bruce Iraq is moving through this very well. They...have new rates, ATMS spitting out lower denoms for two weeks now for a while, they have paid everybody at new rates, and they have their new Qi cards out that have biometric features to them for security. A lot to the new system and there are new rates showing up on the cards. In some cases the rates disappeared and they could only see the account balances. The accounts are hydrated and the people are able to spend the money. They went up on their daily amounts 100 fold. A very positive thing for Iraq. [post 1 of 2....stay tuned]
9-6-2017 Newshound Guru Kaperoni Article: "Iraq is the second largest importer of Iranian goods during the first four months of this year" If anyone didn't know, Iran is slowly taking over more and more of Iraq. Not good
9-5-2017 Intel Guru RayRen98 Reports are stating that Iraqi TV is showing the following...The Kurds starting their campaign of information for their "vote of independence" for September 25. The UK has expressed support of the agreement between Baghdad and Erbil until September 25. PM Abadi is shown inspecting and praising the military but no mention of other concerns. Another report from Iraqi TV indicates Salar and Abadi stating that the budget is finalized and clear of all court appeals and ready to be published in the Gazette. Time Will Tell ALL.
9-5-2017 Intel/Newshound Guru tman23 "...The Dana official highlighted the Region’s ambition to put its finances in order ahead of the historic independence referendum..." "The KRG has a publicly stated goal of clearing debts with upstream investors,” Jafar said. “The contracts are solid and are respected, both of which are important for investors." ...GET THE FEELING KURDISTAN IS READY TO OPEN THE DOORS TO THEIR ECONOMY FOR INVESTORS...IN AUGUST OF 2014 BARZANI SAID THEY CAN'T DO IT WITH 3 ZEROS...WHAT'S A CENTRAL BANK TO DO?
9-5-2017 Intel Guru Frank26 Article: "Law Federal Budget of the Republic of Iraq for the fiscal year - 2017" [Does this post mean the the 'final revised' 2017 budget has been posted in the Gazette?] ...we said ...when they were ready the budget would become retro active...
9-5-2017 Newshound Guru Aggiedad77 Article: "Law Federal Budget of the Republic of Iraq for the fiscal year - 2017" ...the long awaited printing of the budget within the Gazette is upon us I believe...this would be incredible news for all Iraqis...
9-5-2017 Newshound Guru Breitling …This is actually very very good news as far as our investment goes. We all know the price of oil is going down and it’s going to keep going down. So if the price of oil is going down and Iraq is getting loans from the IMF how are they going to pay it back? What are they going to be able to do to pay that back? What are their options? They’re not manufacturing anything… remember Iraq is not going to be a “sweat shop” so they don’t need to keep the value of their currency down like China does…in order to compete. They are way beyond that…The CBI keeps talking about how they are going to increase the rate by bringing it up little bit by little bit for the sake of the economy. Let the economy grow into itself. Get to a buck..a buck thirteen and from that point on they are in a completely different economic plan where they are getting to $3.25. That is what they are looking at. It’s amazing…they are very happy about it.
9-5-2017 Intel Guru RayRen98 The weekend reports are as follows...and everything still holds. Leaflets were distributed informing the liberation of Hawija. The Finance Minister was on Iraq TV saying the currency will rise in value during the month of September, citizens will see greater purchasing power and Iraqs' true economic value to the world will be revealed soon. Citizens are reporting that bank security is reported as extremely unusual being guarded with tanks… they are being encouraged to keep quiet. September 10 - September 15 are dates of considerable interest but details are being kept very quiet. Tensions are at an "all time high" but the reason for those tensions is still unknown. Looking for good things to happen this week. I believe our day is coming.
9-5-2017 Newshound Guru Kaperoni Article: "Iraq adopts a new mechanism for the distribution of the salaries of 4.5 million employees" Quote: "The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card." This is a big step. We have heard about them doing this for some time now.
9-5-2017 Newshound Guru MilitiaMan Article: "Iraq 's economy depends on a new mechanism to distribute the salaries of 4.5 million employees" Quote: "The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card." If the above article is not confirmation of what we have learned to date...I don't know what is! This should have everyone speechless...The pieces of the puzzle are unfolding under cover of a Holiday, imo.. Tell me things are not solid as a "Glory Day Dinar"! They make deposits and will need access to Dinars when they need them even when branches are closed. imo...
9-5-2017 Intel/Newshound Guru tman23 "...The Dana official highlighted the Region’s ambition to put its finances in order ahead of the historic independence referendum..." "The KRG has a publicly stated goal of clearing debts with upstream investors,” Jafar said. “The contracts are solid and are respected, both of which are important for investors." ...GET THE FEELING KURDISTAN IS READY TO OPEN THE DOORS TO THEIR ECONOMY FOR INVESTORS...IN AUGUST OF 2014 BARZANI SAID THEY CAN'T DO IT WITH 3 ZEROS...WHAT'S A CENTRAL BANK TO DO?
9-5-2017 Intel Guru Frank26 Article: "Law Federal Budget of the Republic of Iraq for the fiscal year - 2017" [Does this post mean the the 'final revised' 2017 budget has been posted in the Gazette?] ...we said ...when they were ready the budget would become retro active...
9-5-2017 Newshound Guru Aggiedad77 Article: "Law Federal Budget of the Republic of Iraq for the fiscal year - 2017" ...the long awaited printing of the budget within the Gazette is upon us I believe...this would be incredible news for all Iraqis...
9-5-2017 Newshound Guru Breitling …This is actually very very good news as far as our investment goes. We all know the price of oil is going down and it’s going to keep going down. So if the price of oil is going down and Iraq is getting loans from the IMF how are they going to pay it back? What are they going to be able to do to pay that back? What are their options? They’re not manufacturing anything… remember Iraq is not going to be a “sweat shop” so they don’t need to keep the value of their currency down like China does…in order to compete. They are way beyond that…The CBI keeps talking about how they are going to increase the rate by bringing it up little bit by little bit for the sake of the economy. Let the economy grow into itself. Get to a buck..a buck thirteen and from that point on they are in a completely different economic plan where they are getting to $3.25. That is what they are looking at. It’s amazing…they are very happy about it.
9-5-2017 Intel Guru RayRen98 The weekend reports are as follows...and everything still holds. Leaflets were distributed informing the liberation of Hawija. The Finance Minister was on Iraq TV saying the currency will rise in value during the month of September, citizens will see greater purchasing power and Iraqs' true economic value to the world will be revealed soon. Citizens are reporting that bank security is reported as extremely unusual being guarded with tanks… they are being encouraged to keep quiet. September 10 - September 15 are dates of considerable interest but details are being kept very quiet. Tensions are at an "all time high" but the reason for those tensions is still unknown. Looking for good things to happen this week. I believe our day is coming.
9-5-2017 Newshound Guru Kaperoni Article: "Iraq adopts a new mechanism for the distribution of the salaries of 4.5 million employees" Quote: "The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card." This is a big step. We have heard about them doing this for some time now.
9-5-2017 Newshound Guru MilitiaMan Article: "Iraq 's economy depends on a new mechanism to distribute the salaries of 4.5 million employees" Quote: "The Council of Ministers also granted the employee the freedom to choose a bank approved by the Central Bank in the process of settling salaries to open a bank account in preparation for receipt of his salary through the account electronically under a bank card." If the above article is not confirmation of what we have learned to date...I don't know what is! This should have everyone speechless...The pieces of the puzzle are unfolding under cover of a Holiday, imo.. Tell me things are not solid as a "Glory Day Dinar"! They make deposits and will need access to Dinars when they need them even when branches are closed. imo...
9-4-2017 Intel Guru Frank26 IMO, the RI...at an RI rate 1-to-1...the RI is cheap money...this is cheap money that will be pouring into Iraq. This is cheap money, along with the billions that are being poured in right now too. Then, the revaluation kicks in...maybe 3-4 months down the road, and then they’ll cap it. They are basically shutting down the exchange window in the Auction, are they not? But it’s reopening in the sense that these international nations that Abadi has been inviting to come into Iraq, they will get a version of the Auction windows because, when they RI, this long line of nations will get the Dinar at a low cost. Like they used to through the CBI Auctions. Oh, by the way, you...are in the same boat as these international nations that have been cooperating with Iraq, and President Donald Trump and his Middle East deals. A paradigm shift has occurred... It is from the Monetary Reform, to an internal reinstatement, to an external reinstatement, to a revaluation, to a cap...Iraq is no longer kicking the ball, they are reinstating their currency.
9-4-2017 Newshound Guru Breitling …You have to do two things. You have to take the actual currency count…lower that and then the value of your treasure is actually converted into the dinar that’s left over. Let’s say you have 10 million dollars and you have a million dinar that represents that 10 billion dollars. Then you reduce that million dinar to 500 thousand dinar. But you still have that 10 million dollars that converts evenly into the dinar that’s left over. That’s what’s going on. What competes against the dinar? It’s the US dollar. So you have to have these two things going at the same time…They actually pumped more dollars into the market to keep the value of the dinar down and they also printed more currency…a double whammy. That’s what they are up to that’s what they’re looking at. So there’s still big moves into setting up what you and I are waiting for…that is their only strategy out. [Post 3 of 3]
9-4-2017 Newshound Guru Breitling …They were actually trying to put US dollars out there in Iraq’s market. In other words you can actually buy US dollars from the Central Bank using the Iraqi currency. So there was a couple things they were doing. A. They wanted to keep the value of the dinar down. #2 (B) They were using that as a way to suck in more dinar cause they were lowing the dinar count in the country. It sounds kind of counter because what do you have to do? You have to do two things... [Post 2 of 3: Stay tuned for the rest of the story]
9-4-2017 Newshound Guru chattels [do you think the referendum will happen or get delayed? Do you think the kurds will really cecede? Will it make any difference to us as investors?] I have very mixed beliefs about the reality of eventual Kurdish independence. Kurdish independence does not necessarily ruin the prospects of a return on investment for us.
9-4-2017 Newshound Guru Breitling I’ve gotten a lot of emails about one of my favorite articles that came out last month. “Currency war talks restarts after Jackson Hole Wyoming and the language and the posture of the leading central bankers over the weekend shows that tensions over exchange rates are starting to heat up again.” …Currency wars are the tip of the spear when it comes to economic warfare. That’s the number one weapon we have…there’s an investment opportunity during the currency wars…how does this currency war effect Iraq? …This actually helps us…Iraq has a huge huge card in this game and that’s their currency. It’s always been like that from day 1. That’s their way out. That’s their way to regenerate their economy. They are very happy about it. They know what’s coming down the road…So what’s Iraq going to do? They’ve kept their currency at a 10th of a penny for a reason... [Post 1 of 3: Stay tuned for the rest of the story]
9-4-2017 Intel Guru Frank26 ...the evidence of what we are seeing right now of international status, internationalism...wouldn’t you agree with me that it’s pretty obvious too...same way that they didn’t tell us Mosul right away, when it was obvious, is the same way that I feel, and I sense, that Article VIII is waiting to be announced. ...in my opinion, and my team’s opinion...We cannot prove this; and yet...I smell Article VIII gone, because the way that he’s talking, it can only be… Abadi is telling people that: ....“I again call on Iraqi and international business leaders to invest in Iraq.” If you owned a business and Abadi was inviting you to come in with your business, and your money, do you think you’d want to do that? Abadi...sure is acting and talking in the same manner that he did with Mosul… with Article VIII right now.
9-4-2017 Newshound Guru Breitling …You have to do two things. You have to take the actual currency count…lower that and then the value of your treasure is actually converted into the dinar that’s left over. Let’s say you have 10 million dollars and you have a million dinar that represents that 10 billion dollars. Then you reduce that million dinar to 500 thousand dinar. But you still have that 10 million dollars that converts evenly into the dinar that’s left over. That’s what’s going on. What competes against the dinar? It’s the US dollar. So you have to have these two things going at the same time…They actually pumped more dollars into the market to keep the value of the dinar down and they also printed more currency…a double whammy. That’s what they are up to that’s what they’re looking at. So there’s still big moves into setting up what you and I are waiting for…that is their only strategy out. [Post 3 of 3]
9-4-2017 Newshound Guru Breitling …They were actually trying to put US dollars out there in Iraq’s market. In other words you can actually buy US dollars from the Central Bank using the Iraqi currency. So there was a couple things they were doing. A. They wanted to keep the value of the dinar down. #2 (B) They were using that as a way to suck in more dinar cause they were lowing the dinar count in the country. It sounds kind of counter because what do you have to do? You have to do two things... [Post 2 of 3: Stay tuned for the rest of the story]
9-4-2017 Newshound Guru chattels [do you think the referendum will happen or get delayed? Do you think the kurds will really cecede? Will it make any difference to us as investors?] I have very mixed beliefs about the reality of eventual Kurdish independence. Kurdish independence does not necessarily ruin the prospects of a return on investment for us.
9-4-2017 Newshound Guru Breitling I’ve gotten a lot of emails about one of my favorite articles that came out last month. “Currency war talks restarts after Jackson Hole Wyoming and the language and the posture of the leading central bankers over the weekend shows that tensions over exchange rates are starting to heat up again.” …Currency wars are the tip of the spear when it comes to economic warfare. That’s the number one weapon we have…there’s an investment opportunity during the currency wars…how does this currency war effect Iraq? …This actually helps us…Iraq has a huge huge card in this game and that’s their currency. It’s always been like that from day 1. That’s their way out. That’s their way to regenerate their economy. They are very happy about it. They know what’s coming down the road…So what’s Iraq going to do? They’ve kept their currency at a 10th of a penny for a reason... [Post 1 of 3: Stay tuned for the rest of the story]
9-4-2017 Intel Guru Frank26 ...the evidence of what we are seeing right now of international status, internationalism...wouldn’t you agree with me that it’s pretty obvious too...same way that they didn’t tell us Mosul right away, when it was obvious, is the same way that I feel, and I sense, that Article VIII is waiting to be announced. ...in my opinion, and my team’s opinion...We cannot prove this; and yet...I smell Article VIII gone, because the way that he’s talking, it can only be… Abadi is telling people that: ....“I again call on Iraqi and international business leaders to invest in Iraq.” If you owned a business and Abadi was inviting you to come in with your business, and your money, do you think you’d want to do that? Abadi...sure is acting and talking in the same manner that he did with Mosul… with Article VIII right now.
9-3-2017 Intel Guru RayRen98 Leaflets were distributed informing the liberation of Hawija. The Finance Minister was on Iraq TV saying the currency will rise in value during the month of September, citizens will see greater purchasing power and Iraqs' true economic value to the world will be revealed soon. Citizens are reporting that bank security is reported as extremely unusual being guarded with tanks...they are being encouraged to keep quiet. September 10 - September 15 are dates of considerable interest but details are being kept very quiet. Tensions are at an "all time high" but the reason for those tensions is still unknown. TIME WILL TELL ALL!
9-3-2017 Intel Guru Frank26 In my opinion...much is transpiring at a faster speed than we have ever, ever, thought...at a much faster speed than we truly calculated... Abadi tells the world in an article, basically that Article VIII is coming…because he’s mentioned the word...we are resuming. ...that is a parallel word to the fact that they are reinstating their currency; and, what did he say? We are resuming to go international. Well, they are reinstating their currency to go international. Resuming is to go forward. I love that. Abadi wants this…this RI. Trust me. In my opinion, my strong opinion, Donald Trump definitely wants this. [post 2 of 2]
9-3-2017 Intel Guru Frank26 Donald Trump, after he came back from Saudi Arabia, suggested to certain countries that the American dollar is too high in value. Next thing you know, he lowered the value of the American dollar; which, in our opinion, brought it closer to being one-on-one, on par, with the Iraqi Dinar. It was brilliant. ...he also talked with China at the same time. China, you should do the same thing. Why? It might do you good with the Dong. [post 1 of 2....stay tuned]
9-3-2017 Newshound Guru MilitiaMan They have started the process and it appears from all we know...that the process is just about over now and completed. The evidence is everywhere. From the lifting of Chapter 7 noted by the escrow monies getting returned, Bonds being internationally and locally excepted and sought after, credit ratings increasing to the good, business after business and country after country coming in and or expanded to meet the needs of investors for infrastructure build out, etc. They have been apparently educating the citizens on monetary reforms, telling them the value of their international convertible currency will rise in September, per sources on their tv we hear coming out now. Articles talk of ATMs in the process we await are installed and may have had special security put in place to protect them while they are populated for the citizens to retrieve, and even possibly during their holiday underway, as we know is being as being of a time of giving.
9-3-2017 Intel Guru Frank26 [Guru] Delta's wife received a phone call from her aunt that lives in Canada...she was watching Iraqi television and they made a statement in theirs news that Iraq was going international in the month of September of this year and their currency was going to go up in value, higher, so that the citizens could have purchasing power...now everyone in Iraq is expecting this. They said that there was a lot of increased security and it has nothing to do with their holiday which is September 1, 2, 3 and 4th but they didn't explain what the security was for. Is it possible that this security is because they are in the process of distributing the convertible currency to the citizens of Iraq? IMO.
9-3-2017 Intel Guru Frank26 In my opinion...much is transpiring at a faster speed than we have ever, ever, thought...at a much faster speed than we truly calculated... Abadi tells the world in an article, basically that Article VIII is coming…because he’s mentioned the word...we are resuming. ...that is a parallel word to the fact that they are reinstating their currency; and, what did he say? We are resuming to go international. Well, they are reinstating their currency to go international. Resuming is to go forward. I love that. Abadi wants this…this RI. Trust me. In my opinion, my strong opinion, Donald Trump definitely wants this. [post 2 of 2]
9-3-2017 Intel Guru Frank26 Donald Trump, after he came back from Saudi Arabia, suggested to certain countries that the American dollar is too high in value. Next thing you know, he lowered the value of the American dollar; which, in our opinion, brought it closer to being one-on-one, on par, with the Iraqi Dinar. It was brilliant. ...he also talked with China at the same time. China, you should do the same thing. Why? It might do you good with the Dong. [post 1 of 2....stay tuned]
9-3-2017 Newshound Guru MilitiaMan They have started the process and it appears from all we know...that the process is just about over now and completed. The evidence is everywhere. From the lifting of Chapter 7 noted by the escrow monies getting returned, Bonds being internationally and locally excepted and sought after, credit ratings increasing to the good, business after business and country after country coming in and or expanded to meet the needs of investors for infrastructure build out, etc. They have been apparently educating the citizens on monetary reforms, telling them the value of their international convertible currency will rise in September, per sources on their tv we hear coming out now. Articles talk of ATMs in the process we await are installed and may have had special security put in place to protect them while they are populated for the citizens to retrieve, and even possibly during their holiday underway, as we know is being as being of a time of giving.
9-3-2017 Intel Guru Frank26 [Guru] Delta's wife received a phone call from her aunt that lives in Canada...she was watching Iraqi television and they made a statement in theirs news that Iraq was going international in the month of September of this year and their currency was going to go up in value, higher, so that the citizens could have purchasing power...now everyone in Iraq is expecting this. They said that there was a lot of increased security and it has nothing to do with their holiday which is September 1, 2, 3 and 4th but they didn't explain what the security was for. Is it possible that this security is because they are in the process of distributing the convertible currency to the citizens of Iraq? IMO.
9-2-2017 Intel Guru Frank26 ...the RI is the reinstatement from the basement back up to the top shelf. The RI is the reinstatement of the Iraqi currency into the international community. That RI, In My Opinion, based on all of these things that they’re saying from the CBI articles, is well within sight; and, I know their history. I know their pattern. So, the RI externally, when it leaves the borders, you know 1-to-1 with the American dollar, well then, that’s when…that’s when the market is going to take our currency and the RV, the revaluation of our currency, is going to start…with the buying and the selling and the trading of our currency by many countries.
9-2-2017 Intel Guru RayRen98 Iraqi TV reports approval of international audits...what next?
9-2-2017 Newshound/Intel Guru Mnt Goat "After a 13-year hiatus, the Iraqi air carrier Iraqi Airways plans to open regular flights from Baghdad to Moscow from September 2017," said a press release after the meeting of Rosaviation head Aleksandr Neradko with the Iraqi ambassador to Russia Haidar Mansour Hadi." Flights between Russia and Iraq ceased at the start of the United States military operation against the Saddam Hussein regime. Why is this news so significant? We are seeing one by one Eurpean and now other countries going back to pre-war era flights into Iraq. This is “normalcy’ returning back to Iraq. This is what we want.
9-2-2017 Newshound Guru Enorrste Article: "Central Bank of Iraq: reap the success of monetary policies .. " This article ...clearly refers to moving to a floating dinar rather than to an RV. Oh, it also makes it clear that the IMF is behind all of this maneuvering. I agree with KAP [Guru Kaperoni...reference post 8-28-2017]: can't expect much in terms of incoming investment until the IMF has completed its work to get Iraq positioned to move from Article XIV to VIII.
9-2-2017 Newshound/Intel Guru Mnt Goat [Thursday] 08/31 Iraq's prime minister says Nineveh province has been "fully liberated" from so-called Islamic State, after the district of Tal Afar was recaptured. Haider al-Abadi's announcement followed the defeat of the jihadist group in the town of Ayadiya, where the militants had fled to from Tal Afar. It leaves IS in control of just a few urban areas and some barren desert in central and western Iraq. So it looks like they still have to go after the militants in the town of Ayadiya. Still not entirely done...Now the BIG question – will the CBI pull the trigger on the RV now that more SECURITY has been reached?
9-2-2017 Intel Guru Bruce You are going to see Iraq turn into a global financial power because they have the resources the gold, diamonds, gems, oil, a lot of resources.
9-2-2017 Intel Guru RayRen98 Iraqi TV reports approval of international audits...what next?
9-2-2017 Newshound/Intel Guru Mnt Goat "After a 13-year hiatus, the Iraqi air carrier Iraqi Airways plans to open regular flights from Baghdad to Moscow from September 2017," said a press release after the meeting of Rosaviation head Aleksandr Neradko with the Iraqi ambassador to Russia Haidar Mansour Hadi." Flights between Russia and Iraq ceased at the start of the United States military operation against the Saddam Hussein regime. Why is this news so significant? We are seeing one by one Eurpean and now other countries going back to pre-war era flights into Iraq. This is “normalcy’ returning back to Iraq. This is what we want.
9-2-2017 Newshound Guru Enorrste Article: "Central Bank of Iraq: reap the success of monetary policies .. " This article ...clearly refers to moving to a floating dinar rather than to an RV. Oh, it also makes it clear that the IMF is behind all of this maneuvering. I agree with KAP [Guru Kaperoni...reference post 8-28-2017]: can't expect much in terms of incoming investment until the IMF has completed its work to get Iraq positioned to move from Article XIV to VIII.
9-2-2017 Newshound/Intel Guru Mnt Goat [Thursday] 08/31 Iraq's prime minister says Nineveh province has been "fully liberated" from so-called Islamic State, after the district of Tal Afar was recaptured. Haider al-Abadi's announcement followed the defeat of the jihadist group in the town of Ayadiya, where the militants had fled to from Tal Afar. It leaves IS in control of just a few urban areas and some barren desert in central and western Iraq. So it looks like they still have to go after the militants in the town of Ayadiya. Still not entirely done...Now the BIG question – will the CBI pull the trigger on the RV now that more SECURITY has been reached?
9-2-2017 Intel Guru Bruce You are going to see Iraq turn into a global financial power because they have the resources the gold, diamonds, gems, oil, a lot of resources.
9-1-2017 Intel Guru Frank26 Abadi says that Iraq is resuming its leadership, international role, and they’re open for business. Not at a stinkin’ program rate, and not at Article VIII... Abadi is screaming this inside of Iraq and the international world is hearing it; and, I’ll tell you another thing. A lot of dignitaries are flying into Iraq right now. They are going in daily... There are now...having direct flights from Kuwait into Iraq. Direct flights. Now, if you don’t understand the value of that, let me just say the word internationalism.
9-1-2017 Newshound Guru Kaperoni Article: "Economic attacks the central bank warns of the imminent collapse of the currency" Quote: "The Iraqi Central Bank to conduct the recent lifting of Iraq 's reserves data from the dollar on the website of the bank, evidence of the lack of transparency among its employees with public opinion." I think he is saying since the CBI has not updated the statistics on the CBI website, they are hiding something. He references the reserves not being at the level presented and at least equal to the dinar in circulation. To be honest, it is hard to find anything on the new website.
9-1-2017 Newshound/Intel Guru Mnt Goat Baghdad paid the Kurds approximately 80% of their debt on Monday. So what pops out in the news on Wednesday? - Barzani said a postponement to the referendum could be considered if the Iraqi government and the international community guaranteed the results of the referendum would be admitted. Can you see what Barzani was after all along? He was after the 17% of oil revenues owed to the KRG.
9-1-2017 Intel/Newshound Guru tman23 When dealing with 3 zeros it makes accounting a nightmare...Then when you take 12 trillion dinar and show it equals 9,723,998,125.68.00...One can see how easy a miscalculation can be made to skim some money... So if clamping down on corruption is a plan, then getting rid of the 3 zeros in accounting has to be at the front...
9-1-2017 Intel Guru Bruce Iraq is ready to rock and roll because they are doing it. The ATMs are all up and functioning and kicking out lower denominations which never been seen before like 10s and 20s that we get out of our ATMs. That is a great indicator. Also what has been happening last Tuesday night, they celebrated again with fireworks, music, dancing, actors, and this has been going on. Why would they be celebrating like that? Basically Iraq is back. Even the new rates basically are out and being used. They don’t have to be in the Gazette for it to occur meaning the rates being used internationally. How do you have air travel under the released travel ban and you are flying in and able to purchase tickets in newly revalued dinar? You can t have air travel costs and hotels costs at old rates. I don’t think it will be much longer that we can’t see everything going on. [post 3 of 3]
9-1-2017 Intel Guru Bruce We have heard some information to tell us the new CBI website should be available to see the new rate shortly. We heard about a rate that is showing up on the Qi cards for dual citizens since about last Friday. It has been solid until just about midnight last night [Wednesday]...that rate is no longer visible on the cards, but the amount of value in dollars. ...So they could see the amount in their account but no longer a rate showing. What is interesting about that was the spending limit went up last night just after midnight at one hundred fold, one hundred times the daily spending on that card went up a hundred fold. That is quite an increase. That goes along side with the spending increase and with the rate increase has gone up. [post 2 of 3....stay tuned]
9-1-2017 Intel Guru Bruce The most interesting piece of information that came today [Thursday] is Iraq has had a travel ban in place for 13 ½ years. Last Friday, August 25, 2017...the travel ban was released. It came off. What was interesting today there was a delegation of business people along with the Finance Minister of Russia that arrived this morning at 9:22am Baghdad time. Since then two other countries arrived for the first time since the travel ban was lifted. What that points to Iraq is pretty international again. They are getting business delegations from different countries to negotiate trade deals, oil deals from 85 different countries so far in 6 days, in less than a week. That is a good indicator. Has Iraq yet released a visible international Dinar that we can see? No, not yet. [post 1 of 3....stay tuned]
9-1-2017 Newshound Guru Kaperoni Article: "Keywords for {morning}: the country is not threatened by bankruptcy, according to international standards" Quote: "...the Iraqi Central Bank takes into mind that any reduction of the value of the dinar to the importing country and is not a source will pay the price exorbitant citizen..." ...Many have called to reduce the value even further to reduce the budget expenses, but the CBI is stating that will not happen. The IMF also stated that will not happen as it hurts the citizens. The reality is the CBI is trying to meet Article VIII compliance now, not take shortcuts. The end result will be much greater for Iraq rather than temporary fixes. We just need to wait this out until the IMF agrees that Iraq has met the criteria to move to Article VIII. Then we will see Iraq take off economically and financially.
9-1-2017 Intel Guru Frank26 They’re not trying to come up with a rate, family. They’re trying their best to allow the Iraqi Dinar to go into a reinstatement… uh…internationally for their currency; because, the Iraqi Dinar is about to be very powerful…In My Opinion, let alone pegged to the American dollar which is already very powerful and stable. ...out of about 70 private banks, there’s about 15 or 20 private banks that are left that are going through the final certifications to go international…uh…qualified, certified...to meet the international standards…the certifications to go international. They’re doing that to quickly...qualify them also to go international. ...wouldn’t it be common sense that we should see another article that says all the banks in Iraq have now qualified...that’s what you’re looking for. [post 2 of 2]
9-1-2017 Intel Guru Frank26 The private banks in Iraq are going through... classes of certification...To become internationally qualified. Oh, my goodness! Well, that’s an RI. Yes, it is. Internally? But of course, so they can come out externally. Yeah. The whole world’s waiting for it. My friend laid the groundwork. We call it the Yellow Brick Road. The Yellow Brick Road that they laid out in June, July and August was extremely successful in order for the Iraqi Dinar to leave its borders. Everything is primed: from the ATM machines, to the banks…private banks that are now qualifying by going to these classes. So, my friend and a select few banks already qualified... The rest of the banks are also now qualifying. [post 1 of 2....stay tuned]
9-1-2017 Newshound Guru Kaperoni Article: "Economic attacks the central bank warns of the imminent collapse of the currency" Quote: "The Iraqi Central Bank to conduct the recent lifting of Iraq 's reserves data from the dollar on the website of the bank, evidence of the lack of transparency among its employees with public opinion." I think he is saying since the CBI has not updated the statistics on the CBI website, they are hiding something. He references the reserves not being at the level presented and at least equal to the dinar in circulation. To be honest, it is hard to find anything on the new website.
9-1-2017 Newshound/Intel Guru Mnt Goat Baghdad paid the Kurds approximately 80% of their debt on Monday. So what pops out in the news on Wednesday? - Barzani said a postponement to the referendum could be considered if the Iraqi government and the international community guaranteed the results of the referendum would be admitted. Can you see what Barzani was after all along? He was after the 17% of oil revenues owed to the KRG.
9-1-2017 Intel/Newshound Guru tman23 When dealing with 3 zeros it makes accounting a nightmare...Then when you take 12 trillion dinar and show it equals 9,723,998,125.68.00...One can see how easy a miscalculation can be made to skim some money... So if clamping down on corruption is a plan, then getting rid of the 3 zeros in accounting has to be at the front...
9-1-2017 Intel Guru Bruce Iraq is ready to rock and roll because they are doing it. The ATMs are all up and functioning and kicking out lower denominations which never been seen before like 10s and 20s that we get out of our ATMs. That is a great indicator. Also what has been happening last Tuesday night, they celebrated again with fireworks, music, dancing, actors, and this has been going on. Why would they be celebrating like that? Basically Iraq is back. Even the new rates basically are out and being used. They don’t have to be in the Gazette for it to occur meaning the rates being used internationally. How do you have air travel under the released travel ban and you are flying in and able to purchase tickets in newly revalued dinar? You can t have air travel costs and hotels costs at old rates. I don’t think it will be much longer that we can’t see everything going on. [post 3 of 3]
9-1-2017 Intel Guru Bruce We have heard some information to tell us the new CBI website should be available to see the new rate shortly. We heard about a rate that is showing up on the Qi cards for dual citizens since about last Friday. It has been solid until just about midnight last night [Wednesday]...that rate is no longer visible on the cards, but the amount of value in dollars. ...So they could see the amount in their account but no longer a rate showing. What is interesting about that was the spending limit went up last night just after midnight at one hundred fold, one hundred times the daily spending on that card went up a hundred fold. That is quite an increase. That goes along side with the spending increase and with the rate increase has gone up. [post 2 of 3....stay tuned]
9-1-2017 Intel Guru Bruce The most interesting piece of information that came today [Thursday] is Iraq has had a travel ban in place for 13 ½ years. Last Friday, August 25, 2017...the travel ban was released. It came off. What was interesting today there was a delegation of business people along with the Finance Minister of Russia that arrived this morning at 9:22am Baghdad time. Since then two other countries arrived for the first time since the travel ban was lifted. What that points to Iraq is pretty international again. They are getting business delegations from different countries to negotiate trade deals, oil deals from 85 different countries so far in 6 days, in less than a week. That is a good indicator. Has Iraq yet released a visible international Dinar that we can see? No, not yet. [post 1 of 3....stay tuned]
9-1-2017 Newshound Guru Kaperoni Article: "Keywords for {morning}: the country is not threatened by bankruptcy, according to international standards" Quote: "...the Iraqi Central Bank takes into mind that any reduction of the value of the dinar to the importing country and is not a source will pay the price exorbitant citizen..." ...Many have called to reduce the value even further to reduce the budget expenses, but the CBI is stating that will not happen. The IMF also stated that will not happen as it hurts the citizens. The reality is the CBI is trying to meet Article VIII compliance now, not take shortcuts. The end result will be much greater for Iraq rather than temporary fixes. We just need to wait this out until the IMF agrees that Iraq has met the criteria to move to Article VIII. Then we will see Iraq take off economically and financially.
9-1-2017 Intel Guru Frank26 They’re not trying to come up with a rate, family. They’re trying their best to allow the Iraqi Dinar to go into a reinstatement… uh…internationally for their currency; because, the Iraqi Dinar is about to be very powerful…In My Opinion, let alone pegged to the American dollar which is already very powerful and stable. ...out of about 70 private banks, there’s about 15 or 20 private banks that are left that are going through the final certifications to go international…uh…qualified, certified...to meet the international standards…the certifications to go international. They’re doing that to quickly...qualify them also to go international. ...wouldn’t it be common sense that we should see another article that says all the banks in Iraq have now qualified...that’s what you’re looking for. [post 2 of 2]
9-1-2017 Intel Guru Frank26 The private banks in Iraq are going through... classes of certification...To become internationally qualified. Oh, my goodness! Well, that’s an RI. Yes, it is. Internally? But of course, so they can come out externally. Yeah. The whole world’s waiting for it. My friend laid the groundwork. We call it the Yellow Brick Road. The Yellow Brick Road that they laid out in June, July and August was extremely successful in order for the Iraqi Dinar to leave its borders. Everything is primed: from the ATM machines, to the banks…private banks that are now qualifying by going to these classes. So, my friend and a select few banks already qualified... The rest of the banks are also now qualifying. [post 1 of 2....stay tuned]
8-31-2017 *** Dinar Guru Breaking News *** ABC, CNN, BBC and other news organizations are reporting PM Abadi has declared victory over and liberation of Tal Afar and the Nineveh province. This is a HUGE victory for Iraq and follows the liberation of Mosul earlier this summer. Also, article, "Jordan, Iraq reopen border crossing, vital to trade." This is their sole crossing and has been closed since 2015. Stay tuned as the gurus chime in to report on the significance of both of these major events and their possible impact on the Iraqi dinar. The latest guru updates will continue below...
8-31-2017 Newshound Guru MilitiaMan Article: "Methodology of financial reform" Quote: "...parliamentarian, turned the equation to distribute the oil resources to the people under Article 111 of the Constitution by adopting a tax system for the state to carry out its duties." Distribute the oil resources to the people so they can store there wealth in gold at the banks... what a novel idea!! Since they have little liquidity or a compactness of the local currency now, the theme sure appears they are in a transitional place that needs to be put in place asap and all the while stamping out corruption...Nothing but good...IMO.
8-31-2017 Intel/Newshound Guru tman23 The U.S.-led coalition released a statement on Thursday congratulating the Iraqi Security Forces on their "stunning victory" in Tal Afar...STUNNING VICTORY...
8-31-2017 Intel Guru Frank26 The point of the RI that we’re in right now...is so crucial; because if we don’t have the RI, you’re never gonna have anything else that you want. And, In My Opinion, the fact that they have already accomplished it within their country, is tremendous for it now to be launched outside their country. And, in these last four months, they have laid the groundwork...I mean everything that you can imagine, in order for the RI to leave the borders of Iraq; and, once it does…They’re gonna do a managed float of their currency, and they told you at 1-to-1...With the American dollar... This currency of Iraq is on the verge, in my opinion, of becoming a convertible currency internationally. Isn’t that the goal that we’ve all been seeking for? ...aren’t you excited? And, you know what? They can choose whatever rate they want. They were advised, and I believe that they’ve done a wonderful job with it as well too. [post 3 of 3]
8-31-2017 Intel Guru Frank26 It’s a new ballgame...The speed of professionalism is amazing, and that’s what we’re seeing now. The auctions are being well controlled. The borders are well-protected, if not by soldiers then by laws and taxes. The ports are being filled with things that really shouldn’t be there because they’re not Article VIII compliant, I don’t think. This is the talk within the GOI and the CBI. I’m excited...because what is occurring right now, right before your eyes, is what’s called the reinstatement of the Iraqi Dinar currency. [post 2 of 3....stay tuned]
8-31-2017 Intel Guru Frank26 ...we don’t offer you a date. What we do is we offer you time frames. We don’t offer you a rate, because they already told you that they are going to be on par with the American dollar; and, that definition is what? 1-to-1. I told you that, once you have Mosul...the Monetary Reform...would travel at the speed of light...at a speed that you’ve never seen before; and...that is exactly what’s going on right now...They are building and building and building...Their economic and their monetary reforms. They talk as if they already have Article VIII removed, as if they’re international...and they now boast about what they’re doing with their private banks...It is amazing what they’ve done; and...We don’t believe that it’s going to fall apart any more. [post 1 of 3....stay tuned]
8-31-2017 Newshound Guru MilitiaMan Article: "Stability and confidence in the banking system" It sure looks to me like they have been working on getting the citizens prepared and educated on we are again going to be a safe place to store wealth in our banks and using gold and vaults for both protection and utility of their wealth. With reasonable fees of course. This doesn't say dispensing gold coins, but, we hear that is coming if not established already. The part about compactness of the currency looks to be the lion share of it is now outside the country, thus, liquidity must be tight while they transition which suggests the plan has gotten to the point of final execution that is to come. This is part of the light speed, imo.
8-31-2017 Intel/Newshound Guru tman23 Each man makes his own choices and should hold himself accountable first...The IQD is still in play and nothing has changed other than personal life situations...
8-31-2017 Newshound Guru chattels Article: "Barzani accepts conditional postponement of the referendum and supports the establishment of a territory for the year" Another case of the title not matching content and the content was poorly translated. Referendum still a go for September 25 at this time. [why does not Baghdad simply give the Kurds what was agreed to over a decade ago...?] Can't say that I really know, but here we are. Their constitution is so nebulous that anyone can be correct with any number of argumentative interpretations.
8-31-2017 Intel Guru RayRen98 An article surfaced indicating that PM Abadi was called on to "curb the depletion of hard currency" due to passport carriers of VISA's exchanging 1,200 dinar for $3,000 USD noting these are currency dealers, not basic travelers indicating in the loss of state funds. (Unless I'm misreading this article) Let's see what tomorrow brings!
8-31-2017 Intel/Newshound Guru tman23 The U.S.-led coalition released a statement on Thursday congratulating the Iraqi Security Forces on their "stunning victory" in Tal Afar...STUNNING VICTORY...
8-31-2017 Intel Guru Frank26 The point of the RI that we’re in right now...is so crucial; because if we don’t have the RI, you’re never gonna have anything else that you want. And, In My Opinion, the fact that they have already accomplished it within their country, is tremendous for it now to be launched outside their country. And, in these last four months, they have laid the groundwork...I mean everything that you can imagine, in order for the RI to leave the borders of Iraq; and, once it does…They’re gonna do a managed float of their currency, and they told you at 1-to-1...With the American dollar... This currency of Iraq is on the verge, in my opinion, of becoming a convertible currency internationally. Isn’t that the goal that we’ve all been seeking for? ...aren’t you excited? And, you know what? They can choose whatever rate they want. They were advised, and I believe that they’ve done a wonderful job with it as well too. [post 3 of 3]
8-31-2017 Intel Guru Frank26 It’s a new ballgame...The speed of professionalism is amazing, and that’s what we’re seeing now. The auctions are being well controlled. The borders are well-protected, if not by soldiers then by laws and taxes. The ports are being filled with things that really shouldn’t be there because they’re not Article VIII compliant, I don’t think. This is the talk within the GOI and the CBI. I’m excited...because what is occurring right now, right before your eyes, is what’s called the reinstatement of the Iraqi Dinar currency. [post 2 of 3....stay tuned]
8-31-2017 Intel Guru Frank26 ...we don’t offer you a date. What we do is we offer you time frames. We don’t offer you a rate, because they already told you that they are going to be on par with the American dollar; and, that definition is what? 1-to-1. I told you that, once you have Mosul...the Monetary Reform...would travel at the speed of light...at a speed that you’ve never seen before; and...that is exactly what’s going on right now...They are building and building and building...Their economic and their monetary reforms. They talk as if they already have Article VIII removed, as if they’re international...and they now boast about what they’re doing with their private banks...It is amazing what they’ve done; and...We don’t believe that it’s going to fall apart any more. [post 1 of 3....stay tuned]
8-31-2017 Newshound Guru MilitiaMan Article: "Stability and confidence in the banking system" It sure looks to me like they have been working on getting the citizens prepared and educated on we are again going to be a safe place to store wealth in our banks and using gold and vaults for both protection and utility of their wealth. With reasonable fees of course. This doesn't say dispensing gold coins, but, we hear that is coming if not established already. The part about compactness of the currency looks to be the lion share of it is now outside the country, thus, liquidity must be tight while they transition which suggests the plan has gotten to the point of final execution that is to come. This is part of the light speed, imo.
8-31-2017 Intel/Newshound Guru tman23 Each man makes his own choices and should hold himself accountable first...The IQD is still in play and nothing has changed other than personal life situations...
8-31-2017 Newshound Guru chattels Article: "Barzani accepts conditional postponement of the referendum and supports the establishment of a territory for the year" Another case of the title not matching content and the content was poorly translated. Referendum still a go for September 25 at this time. [why does not Baghdad simply give the Kurds what was agreed to over a decade ago...?] Can't say that I really know, but here we are. Their constitution is so nebulous that anyone can be correct with any number of argumentative interpretations.
8-31-2017 Intel Guru RayRen98 An article surfaced indicating that PM Abadi was called on to "curb the depletion of hard currency" due to passport carriers of VISA's exchanging 1,200 dinar for $3,000 USD noting these are currency dealers, not basic travelers indicating in the loss of state funds. (Unless I'm misreading this article) Let's see what tomorrow brings!
8-30-2017 Intel/Newshound Guru tman23 IMO...we need to start seeing a flood of articles and education material in the banks educating the citizens on the monetary change...if we don't see the articles begin to flow Mid Sept up into the first week of October...There is a HUGE problem with thinking January 1...Like they did in mid October 2004 they released the new Iraq dinar...Oct 15 2004 - January 15 2005...IMO this timeline may apply again except up to the first of the year...and is a window we just might have an opportunity with our 3 zero notes...
8-30-2017 Intel Guru RayRen98 We sent out the update on the customs law for people going in and out of the country with more than 200,000 dinar. That’s under $200 USD at the old rate, and now you need a permit! Baghdad has paid the Kurds 80% of their debt on Monday. A few weeks ago, the Kurds came to Baghdad for a meeting, and we never saw an update on the results of that meeting...now we are. That payment was based on agreement of a rate established for the Iraqi dinar. We know what that rate is, don’t know when it’s supposed to kick in, but it should be public pretty soon now that we know the results of that meeting. That’s the significance of that payment to the Kurds. Some things are still expected to happen this week, and we’ll see if they unfold.
8-30-2017 Newshound Guru Adam Montana The HCL really boils down to oil and revenue sharing. An independent Kurdistan could very well pave the way for an easier HCL resolution, and the good thing for us is that the Kurds would create their own currency and the IQD we hold will not change. I still maintain that the majority of Iraq would be opposed to splitting the country in any way, and we still have the issue of Article 140. Overall... I just don't think the Kurdish region will ultimately split from Iraq. They will continue to fight over the contested regions related to article 140, it's possible that we will see some major movement on the HCL prior to September 25, but even if it doesn't happen in the next 25 days... we're still on track to see an increase in the Dinar value. [post 2 of 2]
8-30-2017 Newshound Guru Adam Montana Article: "Europe Will Recognize De Facto Standing of Kurdistan after Referendum: KRG Diplomat" Quotes: "ERBIL— Though the European countries have not openly supported Kurdistan Region for running the independence referendum, they will deal with the de facto after holding the vote, said a Kurdish diplomat on Sunday." "On September 25 this year the referendum will take place." [Can you give a comment about this article? ] Well, "Europe" does not have any power over the borders of Iraq or any other Middle East country. So, it may not mean a hill of beans to Baghdad. The positive side is that this may add fuel and encourage Baghdad to take the September 25th date more serious, just to head off any potential conflicts when they decide to raise the value. [post 1 of 2....stay tuned]
8-30-2017 Newshound Guru chattels I do not think it realistic to "expect" an outcome until 2018 at the earliest. And of course no one really knows what the outcome looks like.
8-30-2017 Newshound Guru Adam Montana ISIS has been “not much” for quite some time, but it looks like this is really the final days of it’s influence on anything in Iraq. ISIS is perhaps days away from being nothing more than history, which is good on many levels - not just for a Dinar RV, but in many other ways as well. I mentioned last week that September 25th is a fairly notable date - it could be the “date to beat” for major HCL progress, which IMO would spur us onto an increase in the Iraqi Dinar. This is still on my radar. ...some weeks we have a flurry of news, and others... not so much. But no bad news is sometimes good news as well, and that's what we'll have to settle for at this time. Fingers crossed for some action in the coming days!
8-30-2017 Intel Guru Bruce What we are hearing now in Iraq...last night Iraq time...They were celebrating throughout Baghdad with major fireworks, singers, etc. their new rates, lower denoms, etc... All the ATMS are all hooked up and running with new rates and lower denominations. They might print their new rate in the Gazette tomorrow [Wednesday]. They print their Gazette on Wednesdays and Saturdays. Maybe that is when it will come out. This internationally known rate for Iraq does not need to be put in the Gazette first for it to come out. Iraq did receive yesterday 80% of the debt that was owed to Kurdistan that the central government of Iraq which was being held by the Bank of International Settlements for about a year. It was released to Kurdistan at the new rate yesterday. That is a reason to celebrate. Iraq is basically there. The timing is close. We had heard this was supposed to go before the end of the month. I am not calling it, but everything is pointing to that with what I am hearing I am basing it on that.
8-30-2017 Guest Guru DataSteward Yesterday I noticed I could no longer get to the "test" website where the exchange rate for USD was 1.2 from clicking Statistics then clicking the "Click here" link from the official website. I've been a programmer most of my career and cleaning up that type of test code usually means the application is nearing completion.
1 https://cbi.iq/
2 scroll down to the bottom section where the exchange rate shows 1184
3 on the right side of the same section clicked Statistics
4 then there was a link to click labeled "Click here" which...used to take you to the secondary website where you could navigate to the $1.2 exchange rate.
My guess is you can still get to the secondary website, but my point is they've cleaned up the official site, which tells me it's completed or close to being completed.
8-30-2017 Guest Guru RickJames2 There is a big change. The are now no links to the cbi.3eyon-host.net website from cbi.iq. I checked everywhere...those links were there this weekend...now they are not. The page showing the 1.2 dinars per dollar is missing. Interesting!!!
8-30-2017 Intel Guru Frank26 Article: "Kuwait Airways launches its first flights at Najaf airport" [Not in 27 years since Iraq under Saddam Hussein invaded Kuwait has there been international flights between the two countries...and also, let's hope some of those folks from Kuwait go and start using that international convertible dinar currency...] REMEMBER M CC SAID: My Friend and his...Were able to fly from KW into Iraq...Ta Da.
8-30-2017 Intel Guru RayRen98 We sent out the update on the customs law for people going in and out of the country with more than 200,000 dinar. That’s under $200 USD at the old rate, and now you need a permit! Baghdad has paid the Kurds 80% of their debt on Monday. A few weeks ago, the Kurds came to Baghdad for a meeting, and we never saw an update on the results of that meeting...now we are. That payment was based on agreement of a rate established for the Iraqi dinar. We know what that rate is, don’t know when it’s supposed to kick in, but it should be public pretty soon now that we know the results of that meeting. That’s the significance of that payment to the Kurds. Some things are still expected to happen this week, and we’ll see if they unfold.
8-30-2017 Newshound Guru Adam Montana The HCL really boils down to oil and revenue sharing. An independent Kurdistan could very well pave the way for an easier HCL resolution, and the good thing for us is that the Kurds would create their own currency and the IQD we hold will not change. I still maintain that the majority of Iraq would be opposed to splitting the country in any way, and we still have the issue of Article 140. Overall... I just don't think the Kurdish region will ultimately split from Iraq. They will continue to fight over the contested regions related to article 140, it's possible that we will see some major movement on the HCL prior to September 25, but even if it doesn't happen in the next 25 days... we're still on track to see an increase in the Dinar value. [post 2 of 2]
8-30-2017 Newshound Guru Adam Montana Article: "Europe Will Recognize De Facto Standing of Kurdistan after Referendum: KRG Diplomat" Quotes: "ERBIL— Though the European countries have not openly supported Kurdistan Region for running the independence referendum, they will deal with the de facto after holding the vote, said a Kurdish diplomat on Sunday." "On September 25 this year the referendum will take place." [Can you give a comment about this article? ] Well, "Europe" does not have any power over the borders of Iraq or any other Middle East country. So, it may not mean a hill of beans to Baghdad. The positive side is that this may add fuel and encourage Baghdad to take the September 25th date more serious, just to head off any potential conflicts when they decide to raise the value. [post 1 of 2....stay tuned]
8-30-2017 Newshound Guru chattels I do not think it realistic to "expect" an outcome until 2018 at the earliest. And of course no one really knows what the outcome looks like.
8-30-2017 Newshound Guru Adam Montana ISIS has been “not much” for quite some time, but it looks like this is really the final days of it’s influence on anything in Iraq. ISIS is perhaps days away from being nothing more than history, which is good on many levels - not just for a Dinar RV, but in many other ways as well. I mentioned last week that September 25th is a fairly notable date - it could be the “date to beat” for major HCL progress, which IMO would spur us onto an increase in the Iraqi Dinar. This is still on my radar. ...some weeks we have a flurry of news, and others... not so much. But no bad news is sometimes good news as well, and that's what we'll have to settle for at this time. Fingers crossed for some action in the coming days!
8-30-2017 Intel Guru Bruce What we are hearing now in Iraq...last night Iraq time...They were celebrating throughout Baghdad with major fireworks, singers, etc. their new rates, lower denoms, etc... All the ATMS are all hooked up and running with new rates and lower denominations. They might print their new rate in the Gazette tomorrow [Wednesday]. They print their Gazette on Wednesdays and Saturdays. Maybe that is when it will come out. This internationally known rate for Iraq does not need to be put in the Gazette first for it to come out. Iraq did receive yesterday 80% of the debt that was owed to Kurdistan that the central government of Iraq which was being held by the Bank of International Settlements for about a year. It was released to Kurdistan at the new rate yesterday. That is a reason to celebrate. Iraq is basically there. The timing is close. We had heard this was supposed to go before the end of the month. I am not calling it, but everything is pointing to that with what I am hearing I am basing it on that.
8-30-2017 Guest Guru DataSteward Yesterday I noticed I could no longer get to the "test" website where the exchange rate for USD was 1.2 from clicking Statistics then clicking the "Click here" link from the official website. I've been a programmer most of my career and cleaning up that type of test code usually means the application is nearing completion.
1 https://cbi.iq/
2 scroll down to the bottom section where the exchange rate shows 1184
3 on the right side of the same section clicked Statistics
4 then there was a link to click labeled "Click here" which...used to take you to the secondary website where you could navigate to the $1.2 exchange rate.
My guess is you can still get to the secondary website, but my point is they've cleaned up the official site, which tells me it's completed or close to being completed.
8-30-2017 Guest Guru RickJames2 There is a big change. The are now no links to the cbi.3eyon-host.net website from cbi.iq. I checked everywhere...those links were there this weekend...now they are not. The page showing the 1.2 dinars per dollar is missing. Interesting!!!
8-30-2017 Intel Guru Frank26 Article: "Kuwait Airways launches its first flights at Najaf airport" [Not in 27 years since Iraq under Saddam Hussein invaded Kuwait has there been international flights between the two countries...and also, let's hope some of those folks from Kuwait go and start using that international convertible dinar currency...] REMEMBER M CC SAID: My Friend and his...Were able to fly from KW into Iraq...Ta Da.
8-29-2017 Intel Guru Frank26 You are looking for articles that will tell You that ALL PRIVATE BANKS have NOW ALSO... COMPLETED the CERTIFICATION CLASSES on the CONVERTIBLE CURRENCY to allow it INTERNATIONAL QUALIFICATIONS. At the Speed we are seeing...There is a possibility that this ARTICLE we seek may not even come out due to the speed of the media with current events in Iraq. Instead...The RI may just trump the article. AND THAT WOULD BE JUST FINE WITH ME!
8-29-2017 Intel Guru ADMINBILL AS I HAVE MENTIONED BEFORE THE RV IS NOT DIRECTLY CONNECTED TO IRAQ. THE RV IS NOT AN EVENT. THE RV IS A PROCESS THAT, FOR THE SAKE OF OUR SANITY, IS HOPEFULLY NEARING AN END.
8-29-2017 Intel Guru RayRen98 A news flash has been reported to me that Baghdad has paid the Kurds approximately 80% of their debt today. The significance of this action is being researched for later details.
8-29-2017 Intel/Newshound Guru tman23 One way or another this...is about to come to a head...The speculation itself is simple...Iraq will lift the 3 zeros and we will find out how they treat the 3 zero notes at exchange...
8-29-2017 Newshound Guru mike Article: "Iraq is an international indicator of the failure of most countries to attract investments" Quote: "Specialists in economic affairs confirmed that the invitation of the Prime Minister and the previous calls can not be anything move unless action to improve the business environment in Iraq." And then " he can not move anything with all these calls if no action is taken to improve the business environment in Iraq." Three years ago Iraq came upon a fork in the road when oil prices dropped and they should have addressed the above concerns instead of taking the beggars road. ...Iraq has to pass the legislation to enable the open market economy. The time for committee's and forum's have passed, open up the country for investors to bring the capital needed to rebuild the country and advance Iraq as a whole instead of the elite in government. The red tape and corruption are choking growth. Necessity is the mother of all invention, hopefully Iraq has a plan to do something now. Emotions aside, this is the economic reality of Iraq.
8-29-2017 Intel/Newshound Guru tman23 I suspect this will all come to a conclusion on or before the start of 2018... IMO... I expect the CBI to make a currency call and a change...upon conclusion of ISIS (war) , which is basically over...At such time we will find out the worth of the 3 zero notes at exchange.
8-29-2017 Intel Guru ADMINBILL AS I HAVE MENTIONED BEFORE THE RV IS NOT DIRECTLY CONNECTED TO IRAQ. THE RV IS NOT AN EVENT. THE RV IS A PROCESS THAT, FOR THE SAKE OF OUR SANITY, IS HOPEFULLY NEARING AN END.
8-29-2017 Intel Guru RayRen98 A news flash has been reported to me that Baghdad has paid the Kurds approximately 80% of their debt today. The significance of this action is being researched for later details.
8-29-2017 Intel/Newshound Guru tman23 One way or another this...is about to come to a head...The speculation itself is simple...Iraq will lift the 3 zeros and we will find out how they treat the 3 zero notes at exchange...
8-29-2017 Newshound Guru mike Article: "Iraq is an international indicator of the failure of most countries to attract investments" Quote: "Specialists in economic affairs confirmed that the invitation of the Prime Minister and the previous calls can not be anything move unless action to improve the business environment in Iraq." And then " he can not move anything with all these calls if no action is taken to improve the business environment in Iraq." Three years ago Iraq came upon a fork in the road when oil prices dropped and they should have addressed the above concerns instead of taking the beggars road. ...Iraq has to pass the legislation to enable the open market economy. The time for committee's and forum's have passed, open up the country for investors to bring the capital needed to rebuild the country and advance Iraq as a whole instead of the elite in government. The red tape and corruption are choking growth. Necessity is the mother of all invention, hopefully Iraq has a plan to do something now. Emotions aside, this is the economic reality of Iraq.
8-29-2017 Intel/Newshound Guru tman23 I suspect this will all come to a conclusion on or before the start of 2018... IMO... I expect the CBI to make a currency call and a change...upon conclusion of ISIS (war) , which is basically over...At such time we will find out the worth of the 3 zero notes at exchange.
8-28-2017 Intel Guru RayRen98 [Are you as excited about the dong as you are about the dinar?] Sort of. I’m satisfied with what I have heard solid intel from others on the IQD. I haven’t heard as much on the dong. Iraq is telling its citizens that they are going to change the value of the currency really soon, and we are starting to see little indicators of them doing just that.
8-28-2017 Intel/Newshound Guru American Contractor Parliamentary Economic Committee member, Najiba Najib, is sounding the alarm about Iraq's current economic conditions. This coming year, in 2018, the Iraqi government will have a laborious time in servicing debt, and repaying loans owed to other countries. It is likely that the hard currency, the U.S. dollar, will maintain its presence in Iraq for time to come. The Iraqi government (CBI) continues to print dinars to maintain the inflation in the single digits. The increasing deficit of $21bln will continue to be an ongoing issue well into 2018. One is to wonder and question how Iraq is going to receive a loan to help offset this enormous deficit? Let’s hope that the year 2018 sees the price of oil rise to $100. That would be a tremendous help to the Iraqi government in regards to the deficit.
8-28-2017 Newshound Guru Kaperoni As I have stated on numerous occasions, any bank that wants to do business with Iraq can. And any bank that wants to do financial transactions can. The lifting of sanctions on Iraq several years ago achieved this. That being said, doing business with a central bank in Article XIV is risky and very few if any will do business with Iraq while they are still under IMF Article XIV. Until they achieve the requirements of Article VIII and accept it, most foreign banks will shy away from Iraq. Think of IMF Article VIII as an international standard.
8-28-2017 Intel Guru RayRen98 ...there is no new hot intel, but we do have some announcements from Iraq saying legislation waiting for eight years is now being passed. They didn’t say what legislation. There are new money auctions coming up later in September, and that may relate to the cessation of US dollar auctions. [How excited are you?] Very excited – this thing is definitely in motion...we just don’t know when. And now ordinary Iraqi citizens have cards and are using them here in the US. That speaks volumes to me. We just don’t know if that is based on the new rate. Also, 59 banks are taking dinar now. All I’m waiting for is the rate to change.
8-28-2017 Intel/Newshound Guru American Contractor The Iraqi dinar has been fluctuating between 1189 and 1260 to the dollar. The Central Bank of Iraq (CBI) continues to support the Iraqi dinar's peg to the dollar. The current peg is not expected to change for several years. The CBI is obtaining badly needed loans from the International Monetary Fund (IMF) World Bank, and several private organizations to assist in the rebuilding efforts. Some organizations are reluctant to grant Iraq loans due to the simple fact that AML laws (anti-money laundering) are not withstanding and the additional lack of law enforcement is null.
8-28-2017 Newshound Guru chattels Article: "Sunday, August 27, 2017 Tal Afar Battle Day 7" Quotes: "By the seventh day of the Tal Afar campaign the fighting was nearly over." "Outside of Tal Afar, several villages remained under IS control. The Iraqi forces were mopping those up those as well." [How long do you think it will take to clear out the rest of the country?] I would think probably until the end of the year...Maybe April, 2018. My sense is that there is political timing at work. Abadi will want the maximum boost from the war to coincide with the elections in April and he will want to keep the Hash'd forces " busy " i think.
8-28-2017 Intel/Newshound Guru American Contractor Parliamentary Economic Committee member, Najiba Najib, is sounding the alarm about Iraq's current economic conditions. This coming year, in 2018, the Iraqi government will have a laborious time in servicing debt, and repaying loans owed to other countries. It is likely that the hard currency, the U.S. dollar, will maintain its presence in Iraq for time to come. The Iraqi government (CBI) continues to print dinars to maintain the inflation in the single digits. The increasing deficit of $21bln will continue to be an ongoing issue well into 2018. One is to wonder and question how Iraq is going to receive a loan to help offset this enormous deficit? Let’s hope that the year 2018 sees the price of oil rise to $100. That would be a tremendous help to the Iraqi government in regards to the deficit.
8-28-2017 Newshound Guru Kaperoni As I have stated on numerous occasions, any bank that wants to do business with Iraq can. And any bank that wants to do financial transactions can. The lifting of sanctions on Iraq several years ago achieved this. That being said, doing business with a central bank in Article XIV is risky and very few if any will do business with Iraq while they are still under IMF Article XIV. Until they achieve the requirements of Article VIII and accept it, most foreign banks will shy away from Iraq. Think of IMF Article VIII as an international standard.
8-28-2017 Intel Guru RayRen98 ...there is no new hot intel, but we do have some announcements from Iraq saying legislation waiting for eight years is now being passed. They didn’t say what legislation. There are new money auctions coming up later in September, and that may relate to the cessation of US dollar auctions. [How excited are you?] Very excited – this thing is definitely in motion...we just don’t know when. And now ordinary Iraqi citizens have cards and are using them here in the US. That speaks volumes to me. We just don’t know if that is based on the new rate. Also, 59 banks are taking dinar now. All I’m waiting for is the rate to change.
8-28-2017 Intel/Newshound Guru American Contractor The Iraqi dinar has been fluctuating between 1189 and 1260 to the dollar. The Central Bank of Iraq (CBI) continues to support the Iraqi dinar's peg to the dollar. The current peg is not expected to change for several years. The CBI is obtaining badly needed loans from the International Monetary Fund (IMF) World Bank, and several private organizations to assist in the rebuilding efforts. Some organizations are reluctant to grant Iraq loans due to the simple fact that AML laws (anti-money laundering) are not withstanding and the additional lack of law enforcement is null.
8-28-2017 Newshound Guru chattels Article: "Sunday, August 27, 2017 Tal Afar Battle Day 7" Quotes: "By the seventh day of the Tal Afar campaign the fighting was nearly over." "Outside of Tal Afar, several villages remained under IS control. The Iraqi forces were mopping those up those as well." [How long do you think it will take to clear out the rest of the country?] I would think probably until the end of the year...Maybe April, 2018. My sense is that there is political timing at work. Abadi will want the maximum boost from the war to coincide with the elections in April and he will want to keep the Hash'd forces " busy " i think.
8-27-2017 Newshound Guru Kaperoni Article: "A deputy calls for the expulsion of Barzani supporters from parliament and the federal government and deprive them of 17% of the budget" I am pretty sure the Kurds are getting 17%. The IMF is pretty adamant over these types of things. She has a real argument, as almost everyone (including the US and UN) and have stated this referendum is illegal. Article 140 is not a significant reason to declare an independent state.
8-27-2017 Intel Guru Jester SEEMS INTERESTING TO ME THAT KUWAIT PRODUCES ABOUT 150 MILLION A DAY AND HAS A STRONG CURRENCY WITH THAT... AND IRAQ IS TAKING MONEY FROM THE IMF... SO THE MATH IS FUNKY AND WE'D LIKE TO KNOW WHERE ALL THE MONEY IS GOING... NO ONE SEEMS TO KNOW THE ANSWER...IF YOU ARE MAKING 6 BILLION OR SO A MONTH WHY DO YOU NEED A 5 BILLION DOLLAR LOAN FROM THE IMF TO SUPPORT ECONOMIC STABILITY...WHERE IS ALL THAT OIL GOING? [post 2 of 2]
8-27-2017 Intel Guru Jester [ I read that there was a big banker CEO mtg in Jackson Hole this weekend... significant?] I THINK THEY HAVE THAT MEETING EVERY YEAR... I DON'T THINK IT IS THAT BIG A DEAL SLATED TO THE RESET...WHAT WE ARE LOOKING AT IS ON A MUCH HIGHER LEVEL...CENTRAL BANKS AND IMF ETC...WE ARE MORE BUSY RIGHT NOW TRYING TO FIGURE OUT WHERE 200 MILLION DOLLARS A DAY WORTH OF IRAQ OIL PRODUCTION IS GOING...WE ONLY KNOW ITS THERE... NOTHING MORE... [post 1 of 2....stay tuned]
8-27-2017 Intel Guru Okie_Oil_Man I have some information that I was asked not to relay and I hate that I've got a secret game but I just wish each of you knew just where we actually were...you would be jumping out of your socks...we are that close. We are clearly to the point of counting your money and I'll let it go right there.
8-27-2017 Newshound Guru Kaperoni Article: "Economic crisis: Iraq is on the verge of financial crisis" Quote: "A member of the parliamentary economic committee, Najeeb Najib, said on Saturday that the continuation of Iraq's reduction in oil production in OPEC and fatigue of the state budget with wars and other types of spending spikes foreshadow a future austerity crisis of the country..." Well if they don't pass the laws and get the banking sector open they are going to be in a world of hurt in a few more months. ...Najib is correct when she says they need to activate the income generating sectors.
8-27-2017 Intel Guru Jester SEEMS INTERESTING TO ME THAT KUWAIT PRODUCES ABOUT 150 MILLION A DAY AND HAS A STRONG CURRENCY WITH THAT... AND IRAQ IS TAKING MONEY FROM THE IMF... SO THE MATH IS FUNKY AND WE'D LIKE TO KNOW WHERE ALL THE MONEY IS GOING... NO ONE SEEMS TO KNOW THE ANSWER...IF YOU ARE MAKING 6 BILLION OR SO A MONTH WHY DO YOU NEED A 5 BILLION DOLLAR LOAN FROM THE IMF TO SUPPORT ECONOMIC STABILITY...WHERE IS ALL THAT OIL GOING? [post 2 of 2]
8-27-2017 Intel Guru Jester [ I read that there was a big banker CEO mtg in Jackson Hole this weekend... significant?] I THINK THEY HAVE THAT MEETING EVERY YEAR... I DON'T THINK IT IS THAT BIG A DEAL SLATED TO THE RESET...WHAT WE ARE LOOKING AT IS ON A MUCH HIGHER LEVEL...CENTRAL BANKS AND IMF ETC...WE ARE MORE BUSY RIGHT NOW TRYING TO FIGURE OUT WHERE 200 MILLION DOLLARS A DAY WORTH OF IRAQ OIL PRODUCTION IS GOING...WE ONLY KNOW ITS THERE... NOTHING MORE... [post 1 of 2....stay tuned]
8-27-2017 Intel Guru Okie_Oil_Man I have some information that I was asked not to relay and I hate that I've got a secret game but I just wish each of you knew just where we actually were...you would be jumping out of your socks...we are that close. We are clearly to the point of counting your money and I'll let it go right there.
8-27-2017 Newshound Guru Kaperoni Article: "Economic crisis: Iraq is on the verge of financial crisis" Quote: "A member of the parliamentary economic committee, Najeeb Najib, said on Saturday that the continuation of Iraq's reduction in oil production in OPEC and fatigue of the state budget with wars and other types of spending spikes foreshadow a future austerity crisis of the country..." Well if they don't pass the laws and get the banking sector open they are going to be in a world of hurt in a few more months. ...Najib is correct when she says they need to activate the income generating sectors.
8-26-2017 Newshound Guru Stryker "Economic crisis: Iraq is on the verge of financial crisis" Just know this, Iraq has only one option left and that's to activate it's income-generating sectors.
8-26-2017 Newshound Guru wmawhite We were talking about the ongoing effort by Iraq...namely the Central Bank to establish ongoing banking relationships. The Saudi's said they are going to support, help and assist the Iraq banking system in any way they can. If there is any one entity in the Middle East that is engaged in the global banking activities it's the Saudis. So why does Iraq need to have banking relationships...it's because they are going to use the IQD...and the reason they are not using it today is because it's so undervalued. But, for the Saudis to come on board...that's huge
8-26-2017 Intel Guru Delta The system is linked; and...Q cards, the QiCards Master Cards that they are about distributing outside to those retirees ...all that needs a new rate. But, for them to do this, this should definitely give you the indication that they know that there is a rate and the rate is coming from the CBI. So, the only thing they need is really to show us the rate and this looks ready for right now. And...it could really happen...at any day based on the CBI, the Government of Iraq, and what Abadi is telling the citizens... ...I do believe they have to make their move before the elections...that is gonna come up on September, I believe some times around the 18th or 19th, I’m not sure of the exact date... I think we’re really on the verge of something huge coming out because there’s definitely all the indications showing that. [post 2 of 2]
8-26-2017 Intel Guru Delta I...believe they do have a big conference that is gonna take place...I think in D. C., in Washington...it has to deal with the banking and the economy; and...I believe it’s gonna be on the 16th...of October... But, I do believe for them to go there...that they definitely need the rate before they go...and they know the CBI is ready... ...it looks like they’re...getting ready...to link all the banks... The only things they need to do is: ...activate...the new rate, and... activate...the Master Cards, and activate the lower denominations. [post 1 of 2....stay tuned]
8-26-2017 Newshound Guru wmawhite We were talking about the ongoing effort by Iraq...namely the Central Bank to establish ongoing banking relationships. The Saudi's said they are going to support, help and assist the Iraq banking system in any way they can. If there is any one entity in the Middle East that is engaged in the global banking activities it's the Saudis. So why does Iraq need to have banking relationships...it's because they are going to use the IQD...and the reason they are not using it today is because it's so undervalued. But, for the Saudis to come on board...that's huge
8-26-2017 Intel Guru Delta The system is linked; and...Q cards, the QiCards Master Cards that they are about distributing outside to those retirees ...all that needs a new rate. But, for them to do this, this should definitely give you the indication that they know that there is a rate and the rate is coming from the CBI. So, the only thing they need is really to show us the rate and this looks ready for right now. And...it could really happen...at any day based on the CBI, the Government of Iraq, and what Abadi is telling the citizens... ...I do believe they have to make their move before the elections...that is gonna come up on September, I believe some times around the 18th or 19th, I’m not sure of the exact date... I think we’re really on the verge of something huge coming out because there’s definitely all the indications showing that. [post 2 of 2]
8-26-2017 Intel Guru Delta I...believe they do have a big conference that is gonna take place...I think in D. C., in Washington...it has to deal with the banking and the economy; and...I believe it’s gonna be on the 16th...of October... But, I do believe for them to go there...that they definitely need the rate before they go...and they know the CBI is ready... ...it looks like they’re...getting ready...to link all the banks... The only things they need to do is: ...activate...the new rate, and... activate...the Master Cards, and activate the lower denominations. [post 1 of 2....stay tuned]
8-25-2017 Intel Guru Frank26 In January, they said we had to postpone it, and now we feel that 90 days, well actually over three months ago, that postponement was null and void, and they started the lifting of the three zeros. And they told you that Mosul was liberated. And they got you the information that Chapter 7 is lifted. So now, what is next? Internationalism. Do you see it pouring into Iraq? We sure do...Article after article after article is telling us these things. We are in the last two weeks of this month... So, we’ve come all the way from December, January, May...June, July, August...Here we are. I want to say this much...there are going to be regional elections that are going to be rather important for Abadi; and, what he wants to do with the GOI and Parliament. And...I believe that it would be wise for Abadi to consider announcing the, uh, the revaluation of their currency before those elections start. [post 3 of 3]
8-25-2017 Intel Guru Frank26 Well, the next thing you know, Mosul evolved... February, March, April...Then came along May. ...we believe that on May 28th, the IMF gave the CBI (Alak), the rate that they should use. When June came around, they still weren’t ready. They still hadn’t even announced that we had Mosul liberated. So, on the 7th of June, we suggested to you that they had lifted the three zeros... August comes around...sure enough...On the 2nd, they get their money, which is the evidence that Chapter 7 was lifted. [post 2 of 3... stay tuned]
8-25-2017 Intel Guru Frank26 ...in December of last year, the IMF was able to put...meetings together... They were all well-orchestrated by the IMF and the United States Treasury; and...they got a plan, and they said...This is what you’re gonna have to do...you’re going to have to float your currency slowly, gradually. That way, you’ll be able to control your inflation. Now, starting in January...as much as we thought we were ready when we got together in December ...it turns out that...No... ...we have terrorists here...So, on the 16th of January, they put out an article...Alak, the Governor of the Central Bank of Iraq says: hey, you know the lifting of the three zeros? You know, to add purchasing power? ...We’re going to have to postpone it. Now...the fact that they even mentioned this plan...It’s powerful. IMO [post 1 of 3....stay tuned]
8-25-2017 Newshound Guru Kaperoni The IMF next loan to Iraq of about $5 billion about to be released.
8-25-2017 Intel Guru Delta reinstating. 1. to put back or establish again, as in a former position! IT CAN'T BE AT PROGRAM RATE!!! [reference Guru Walkingstick post 8-24-2017]
8-25-2017 Intel Guru Bruce I checked in with several sources and...I didn’t get any new Intel on Iraq...from what I understand Iraq is done. All the ATMs in the entire country are on, the lower denoms have been coming out for days, and basically they have their RV in country at good rates. We know people who have the Qi cards, they are charged up and available and they know the rate on the card which is very high and they have access to their funds. So in a very real way Iraq is international. When we are going to get it? It is hard to say. It is so close we should be able to reach out and grab it. We are right there. I just don’t know when it will occur. The rates are high. The Forex guys are trading on the dinar around 1140. That is an indicator that they are trading in the lower numbers and they are getting ready to drop in the new rate. I am hearing the timing is very positive to take place not too far away.
8-25-2017 Intel/Newshound Guru tman23 [Dr Charountaki: I am wondering though what a right time means in politics, especially in the Middle East...] GREAT STATEMENT eh? THIS IS GOLDEN...BECAUSE THERE NEVER IS AN EXACT RIGHT TIME...! We do know the CBI said the elimination of the 3 zeros must be at the start of the NEW YEAR and NOT in the middle of a year or quarter... They also said: ALL the banks in Iraq fiscal year starts at the first of the New Year and therefore is when the NEW accounting must start... That being said: I am of the opinion that the start of 2018 is when... And they have to educate the people on new currency by media, and advertising in banks....WHICH THEY HAVE NOT...AND is why there are no LD's in any ATM's... But, IMO, if start of 2018 is the intended date ...we should begin to see a flood of articles begin mid September...
8-25-2017 Newshound Guru Kaperoni Central Banks meeting in Jackson Hole, WY begins today [Thursday, 8-24-17].
8-25-2017 Intel Guru Frank26 Well, the next thing you know, Mosul evolved... February, March, April...Then came along May. ...we believe that on May 28th, the IMF gave the CBI (Alak), the rate that they should use. When June came around, they still weren’t ready. They still hadn’t even announced that we had Mosul liberated. So, on the 7th of June, we suggested to you that they had lifted the three zeros... August comes around...sure enough...On the 2nd, they get their money, which is the evidence that Chapter 7 was lifted. [post 2 of 3... stay tuned]
8-25-2017 Intel Guru Frank26 ...in December of last year, the IMF was able to put...meetings together... They were all well-orchestrated by the IMF and the United States Treasury; and...they got a plan, and they said...This is what you’re gonna have to do...you’re going to have to float your currency slowly, gradually. That way, you’ll be able to control your inflation. Now, starting in January...as much as we thought we were ready when we got together in December ...it turns out that...No... ...we have terrorists here...So, on the 16th of January, they put out an article...Alak, the Governor of the Central Bank of Iraq says: hey, you know the lifting of the three zeros? You know, to add purchasing power? ...We’re going to have to postpone it. Now...the fact that they even mentioned this plan...It’s powerful. IMO [post 1 of 3....stay tuned]
8-25-2017 Newshound Guru Kaperoni The IMF next loan to Iraq of about $5 billion about to be released.
8-25-2017 Intel Guru Delta reinstating. 1. to put back or establish again, as in a former position! IT CAN'T BE AT PROGRAM RATE!!! [reference Guru Walkingstick post 8-24-2017]
8-25-2017 Intel Guru Bruce I checked in with several sources and...I didn’t get any new Intel on Iraq...from what I understand Iraq is done. All the ATMs in the entire country are on, the lower denoms have been coming out for days, and basically they have their RV in country at good rates. We know people who have the Qi cards, they are charged up and available and they know the rate on the card which is very high and they have access to their funds. So in a very real way Iraq is international. When we are going to get it? It is hard to say. It is so close we should be able to reach out and grab it. We are right there. I just don’t know when it will occur. The rates are high. The Forex guys are trading on the dinar around 1140. That is an indicator that they are trading in the lower numbers and they are getting ready to drop in the new rate. I am hearing the timing is very positive to take place not too far away.
8-25-2017 Intel/Newshound Guru tman23 [Dr Charountaki: I am wondering though what a right time means in politics, especially in the Middle East...] GREAT STATEMENT eh? THIS IS GOLDEN...BECAUSE THERE NEVER IS AN EXACT RIGHT TIME...! We do know the CBI said the elimination of the 3 zeros must be at the start of the NEW YEAR and NOT in the middle of a year or quarter... They also said: ALL the banks in Iraq fiscal year starts at the first of the New Year and therefore is when the NEW accounting must start... That being said: I am of the opinion that the start of 2018 is when... And they have to educate the people on new currency by media, and advertising in banks....WHICH THEY HAVE NOT...AND is why there are no LD's in any ATM's... But, IMO, if start of 2018 is the intended date ...we should begin to see a flood of articles begin mid September...
8-25-2017 Newshound Guru Kaperoni Central Banks meeting in Jackson Hole, WY begins today [Thursday, 8-24-17].
8-24-2017 Newshound Guru Walkingstick In short: rate, matters not... reinstated, is KEY.
8-24-2017 Intel/Newshound Guru tman23 [...if the kurds split will they print new money and then would the iqd fail?] The CBI will lift the 3 zeros when they feel stability and regional control is sufficient... As of now with the Baghdad, Kurd issue there is no agreement... Baghdad is between a rock and a hard place financially and politically. The CBI...also needs to move or their reserves will plummet to a point of having to devalue the IQD (should they hit 36 billion)...which is only 4 billion away from projected reports.
8-24-2017 Intel Guru ADMINBILL WILL THERE BE ENOUGH $$$ FOR INDIVIDUAL EXCHANGES? ...AS FAR AS REGULAR EXCHANGES FOR INTERNATIONAL CURRENCIES THAT ARE ACCEPTED NOW, THE INTERNATIONAL RATE WILL BE AVAILABLE TO EVERYONE JUST AS IT IS AN ANY BANK OR CURRENCY EXCHANGE CENTER EVERY DAY OF THE WEEK RIGHT NOW.
8-24-2017 Intel/Newshound Guru American Contractor According to a recent United Nations report, Iraq has made no attempts to pay an ongoing debt. Apparently, the Chapter VII Iraq compensation file owes the Kuwaiti government $5bln for the last two years for oil and food. PM al-Abadi suggested that Kuwait forgive the loan entirely and reportedly the Kuwaiti Emir declined. You can expect Iraq to remain under UN Chapter VII for at least a few more years. At the present time, there is no chance that the Iraqi government would be able to pay the money owed to Kuwait. The Iraqi government has a $25bln dollar deficit and they currently need all the money that they can get their hands on.
8-24-2017 Newshound Guru chattels Article: "KRG doubles down on independence vote after Baghdad meeting" Quotes: "The Kurdish delegation's visit to the Iraqi capital Aug. 14 failed to change the declared stances on the Kurdistan region independence referendum scheduled for Sept. 25..." "We know that independence needs many years, so we need to find a solution to the disputed areas, amend the constitution and divide the oil wealth by peaceful means." I have stated for years that Kurdistan is not going anywhere without KIrkuk. Once we are past the next elections I expect that the US position may change publically. If we are getting out of the " nation building" business then there is no nation better inclined to establish democracy than Kurdistan. We are not going to oppose the ultimate reality of it. The only question is what impact such may have upon our liquidity event.
8-24-2017 Newshound Guru Adam Montana [As long as there are no setbacks and we keep movin' forward that means we are that much closer to the end of this ride! Come On RV Baby!] It's coming, I can feel it! More importantly... other people feel it as well. This is coming to a close, and it's not going to be long. Just waiting on the final hammers.
8-24-2017 Intel/Newshound Guru tman23 [...if the kurds split will they print new money and then would the iqd fail?] The CBI will lift the 3 zeros when they feel stability and regional control is sufficient... As of now with the Baghdad, Kurd issue there is no agreement... Baghdad is between a rock and a hard place financially and politically. The CBI...also needs to move or their reserves will plummet to a point of having to devalue the IQD (should they hit 36 billion)...which is only 4 billion away from projected reports.
8-24-2017 Intel Guru ADMINBILL WILL THERE BE ENOUGH $$$ FOR INDIVIDUAL EXCHANGES? ...AS FAR AS REGULAR EXCHANGES FOR INTERNATIONAL CURRENCIES THAT ARE ACCEPTED NOW, THE INTERNATIONAL RATE WILL BE AVAILABLE TO EVERYONE JUST AS IT IS AN ANY BANK OR CURRENCY EXCHANGE CENTER EVERY DAY OF THE WEEK RIGHT NOW.
8-24-2017 Intel/Newshound Guru American Contractor According to a recent United Nations report, Iraq has made no attempts to pay an ongoing debt. Apparently, the Chapter VII Iraq compensation file owes the Kuwaiti government $5bln for the last two years for oil and food. PM al-Abadi suggested that Kuwait forgive the loan entirely and reportedly the Kuwaiti Emir declined. You can expect Iraq to remain under UN Chapter VII for at least a few more years. At the present time, there is no chance that the Iraqi government would be able to pay the money owed to Kuwait. The Iraqi government has a $25bln dollar deficit and they currently need all the money that they can get their hands on.
8-24-2017 Newshound Guru chattels Article: "KRG doubles down on independence vote after Baghdad meeting" Quotes: "The Kurdish delegation's visit to the Iraqi capital Aug. 14 failed to change the declared stances on the Kurdistan region independence referendum scheduled for Sept. 25..." "We know that independence needs many years, so we need to find a solution to the disputed areas, amend the constitution and divide the oil wealth by peaceful means." I have stated for years that Kurdistan is not going anywhere without KIrkuk. Once we are past the next elections I expect that the US position may change publically. If we are getting out of the " nation building" business then there is no nation better inclined to establish democracy than Kurdistan. We are not going to oppose the ultimate reality of it. The only question is what impact such may have upon our liquidity event.
8-24-2017 Newshound Guru Adam Montana [As long as there are no setbacks and we keep movin' forward that means we are that much closer to the end of this ride! Come On RV Baby!] It's coming, I can feel it! More importantly... other people feel it as well. This is coming to a close, and it's not going to be long. Just waiting on the final hammers.
8-23-2017 Newshound Guru MilitiaMan The awesome thing is the process of new life and wonder is before us. The ledger has a clock and it has been set for an alarm if you will. The IMF will need data ahead of schedule for the 10/16/17 meeting...
8-23-2017 Intel Guru RayRen98 [What are your top three reasons you believe the Iraq RV is inevitable?] 1) Iraq is telling its citizens that it’s happening, 2) the history of Iraq indicates it, and 3) the citizens are already seeing it – we just haven’t seen it YET.
8-23-2017 Intel Guru RayRen98 The intel is… we don’t have anything new, nothing to grab our attention. Something is definitely going on with the cards, maybe more outside the country. We did hear of some in-country cards being activated at the program rate (1166), and outside the country at a new rate that has let to be disclosed. Obviously we want to pinpoint that accurately. Everything else has been mysteriously quiet...[So it’s still quiet, and Sadr asked for three days of silence; where do we fall in that three days?] I missed the official announcement on that, but it started on Saturday and it should have concluded by now, but everything still seems to be silent...We are still waiting to find out how this unfolds.
8-23-2017 Intel Guru Jester [...are all the Iraqi bank connections important? are they important in our ultimate goal?] THEY ARE THE CENTRAL BANK OF THE COUNTRY... WHY WOULDN'T THEY BE CONNECTED TO A LOT OF OTHER CENTRAL BANKS... EVEN SOME OF THE FOREIGN LARGER BANKS... POSSIBLY SOME WOULD LIKE TO COME TO IRAQ WHEN THE TIME IS RIGHT... I DON'T SEE WHY THAT IS DIFFERENT THAN ANY OTHER CENTRAL BANK...
8-23-2017 Newshound Guru G-Lin Article: "In detail .. An important bill concerning agricultural land" Quote: "...there is a new law introduced and read a second reading, In the ownership of real estate in agricultural land, and this law is important and preserves the rights of the state and the citizen alike." ...this is a very important law. This would curtail the corruption in imports and develope that export business. That is the secret in added value to the currency. Nice to see it has been read twice. Supply and demand.
8-23-2017 Newshound Guru Adam Montana Last week I mentioned the possibility of Iraq being motivated to push the HCL button, and therefore the RV button, in advance of this silly referendum in order to maintain control of Iraq as a whole and of course move forward with the natural process of raising the value of their currency and overall status in the world. So, could September 25 be a key date? I think it has potential. Not as "the RV date", but rather a deadline that they want to get in front of. [post 2 of 2]
8-23-2017 Newshound Guru Adam Montana Something I talked a little bit about last week - Article 140 - is worth revisiting. Iran and Turkey (border countries to Iraq on the Kurdish border, and vital allies in the fight against ISIS or any other embedded terrorist operation/group) seem to be buddying up with Baghdad (Abadi et al) in support of putting a kibosh on the September 25 Kurdish referendum, which is a feeble attempt to move some pieces around their dusty desert chess board. I have absolutely 0 reasons to think the Kurds will actually get what they say they want out of this “referendum”, but it does give us a date that may be of importance...September 25th. [post 1 of 2....stay tuned]
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time ***
8-23-2017 Newshound Guru Breitling & Guest Guru Bob …Ordinary income is going to be taxed at whatever rate you currently exist on or experience in that one year timeframe. If you’re in a lower tax bracket obviously your taxes are less. If you’re in the highest income bracket you’re hitting the maximum they have right now. When the dinar comes to fruition this is where YOU are in the driver’s seat. You get to decide for yourself what you’re going to do. Are you going to put that out there and cash it all in right now and expose yourself to the highest tax risk that there is? Are you going to do it very slowly and keep yourself down on that level of paid taxes? You get to decide all that…The moment you walk out that bank after receiving that money in your hand you have created a taxable event. That’s it. You’re going to be exposed to the highest tax rate that is in your bracket of income. Period. There is no capital gains on this puppy. [Post 3 of 3 See the other 2 posts below. NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time]
8-23-2017 Intel Guru Frank26 Article: "The Iraqi Trade Bank is among the largest of the world's top 1,000 banks" Quotes: "...the Iraqi Trade Bank has entered the list of the largest thousand banks in the world, where he ranked 33 Arabs and 318 globally." "...the Iraqi Trade Bank "is the first Iraqi bank to be listed on the list with the capital of about $ 3.1 billion and assets of about 19.7 billion dollars." And when one considers that this is for a PROGRAM RATE...It's just simply ridiculous.
8-23-2017 Intel Guru RayRen98 [What are your top three reasons you believe the Iraq RV is inevitable?] 1) Iraq is telling its citizens that it’s happening, 2) the history of Iraq indicates it, and 3) the citizens are already seeing it – we just haven’t seen it YET.
8-23-2017 Intel Guru RayRen98 The intel is… we don’t have anything new, nothing to grab our attention. Something is definitely going on with the cards, maybe more outside the country. We did hear of some in-country cards being activated at the program rate (1166), and outside the country at a new rate that has let to be disclosed. Obviously we want to pinpoint that accurately. Everything else has been mysteriously quiet...[So it’s still quiet, and Sadr asked for three days of silence; where do we fall in that three days?] I missed the official announcement on that, but it started on Saturday and it should have concluded by now, but everything still seems to be silent...We are still waiting to find out how this unfolds.
8-23-2017 Intel Guru Jester [...are all the Iraqi bank connections important? are they important in our ultimate goal?] THEY ARE THE CENTRAL BANK OF THE COUNTRY... WHY WOULDN'T THEY BE CONNECTED TO A LOT OF OTHER CENTRAL BANKS... EVEN SOME OF THE FOREIGN LARGER BANKS... POSSIBLY SOME WOULD LIKE TO COME TO IRAQ WHEN THE TIME IS RIGHT... I DON'T SEE WHY THAT IS DIFFERENT THAN ANY OTHER CENTRAL BANK...
8-23-2017 Newshound Guru G-Lin Article: "In detail .. An important bill concerning agricultural land" Quote: "...there is a new law introduced and read a second reading, In the ownership of real estate in agricultural land, and this law is important and preserves the rights of the state and the citizen alike." ...this is a very important law. This would curtail the corruption in imports and develope that export business. That is the secret in added value to the currency. Nice to see it has been read twice. Supply and demand.
8-23-2017 Newshound Guru Adam Montana Last week I mentioned the possibility of Iraq being motivated to push the HCL button, and therefore the RV button, in advance of this silly referendum in order to maintain control of Iraq as a whole and of course move forward with the natural process of raising the value of their currency and overall status in the world. So, could September 25 be a key date? I think it has potential. Not as "the RV date", but rather a deadline that they want to get in front of. [post 2 of 2]
8-23-2017 Newshound Guru Adam Montana Something I talked a little bit about last week - Article 140 - is worth revisiting. Iran and Turkey (border countries to Iraq on the Kurdish border, and vital allies in the fight against ISIS or any other embedded terrorist operation/group) seem to be buddying up with Baghdad (Abadi et al) in support of putting a kibosh on the September 25 Kurdish referendum, which is a feeble attempt to move some pieces around their dusty desert chess board. I have absolutely 0 reasons to think the Kurds will actually get what they say they want out of this “referendum”, but it does give us a date that may be of importance...September 25th. [post 1 of 2....stay tuned]
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time ***
8-23-2017 Newshound Guru Breitling & Guest Guru Bob …Ordinary income is going to be taxed at whatever rate you currently exist on or experience in that one year timeframe. If you’re in a lower tax bracket obviously your taxes are less. If you’re in the highest income bracket you’re hitting the maximum they have right now. When the dinar comes to fruition this is where YOU are in the driver’s seat. You get to decide for yourself what you’re going to do. Are you going to put that out there and cash it all in right now and expose yourself to the highest tax risk that there is? Are you going to do it very slowly and keep yourself down on that level of paid taxes? You get to decide all that…The moment you walk out that bank after receiving that money in your hand you have created a taxable event. That’s it. You’re going to be exposed to the highest tax rate that is in your bracket of income. Period. There is no capital gains on this puppy. [Post 3 of 3 See the other 2 posts below. NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time]
8-23-2017 Intel Guru Frank26 Article: "The Iraqi Trade Bank is among the largest of the world's top 1,000 banks" Quotes: "...the Iraqi Trade Bank has entered the list of the largest thousand banks in the world, where he ranked 33 Arabs and 318 globally." "...the Iraqi Trade Bank "is the first Iraqi bank to be listed on the list with the capital of about $ 3.1 billion and assets of about 19.7 billion dollars." And when one considers that this is for a PROGRAM RATE...It's just simply ridiculous.
8-22-2017 Intel Guru RayRen98 In spite of the 3-day "silence" requests, reports have been coming in throughout the night of cards being activated...some are reporting at the program rate and yet others are reporting at a new rate that I shall not disclose at this time --- pending confirmations. Things are looking "GOOD-er" all over! smile...TIME WILL TELL IT ALL!
8-22-2017 Intel Guru Delta URGENT FROM IRAQI TV: Association of IRAQI Banks seeking to link local banks universal.
8-22-2017 Newshound Guru Kaperoni Article: Association of Banks seeking to link local banks universal " Freedom of movement of capital (Article VIII) is a requirement for the worlds banks to engage with Iraq. This article does tell us though that is the intent. We just have to wait it out. ...Iraq appears to be using the remainder of this year to get there ducks lined up. We can hope.
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time ***
8-22-2017 Newshound Guru Breitling & Guest Guru Bob …You need to be acutely aware that the currency we are currently holding wasn’t used for travel. It was bought distinctly and absolutely for one purpose and that was for an investment. And because it was treated that way and the way it is written in regards to currencies, it is not going to be treated as capital gains. I’ll say it one more time. It will NOT be treated as capital gains…It is going to be treated as ordinary income. Now what does that mean to you? ... [Post 2 of 3 Stay tuned for the rest of the story... NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time]
8-22-2017 Newshound Guru G-Lin Article: "The Association of Banks seeks to link local banks to the universal" [...does this mean they have to be in article 8 before consolidation with US banks?] I have never felt like Iraq needed to take a full position in Art. 8 in order to rv. The only thing addressed in the Art. IV consultations is that Iraq accept Art. 8 obligations. They would be crazy to take a position because it would put many restrictions on them and they could never go back once they do. Just be compliant without the restrictions. And they may be very close to that currently. As far as linking to International Banks, the only thing they need a little more work on is technology. They have to be compatible with advanced banking technology and they have been training them for months in that area. We have read art. after art. on how the banks are now compliant with international standards. I believe they are good to go. JMO
8-22-2017 Newshound Guru MilitiaMan They are pegged to the USD and if they are to get equal cash balance for for Gas and Oil payments which apparently was part of the 18 items that have been cleared for to pave the way for this implementation by the Courts today in reference to the 2017 and or 2018 budget respectfully, is a good thing! Equal cash sounds like 1:1 to me, it is based on oil and gas, is it not? From what I believe I have read thus far today, they want the proper allocations made for spending done in accordance with a market economy for the benefits of the Citizens, imo.. ...I suspect it is to be done or is now done! Did I see the Citizens getting new Qi Cards from MC and being used to get payday funds today? I think I did. I think I her a purring / buzzing sounds coming from ATMs too. lol
8-22-2017 Intel Guru Delta Banking system is internationally linked already. Regional elections coming on September 18. There is a rate coming from CBI any day.
*** WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time ***
8-22-2017 Newshound Guru Breitling & Guest Guru Bob Everyone is asking me how the dinar is going to be taxed and there is a huge debate out there. We’re not giving you tax strategy. We’ll talk about that later on down the road…[Guest Guru Bob] When I first got into this thing a decade ago there was a lot of people pulling off of a pamphlet the IRS had put out in regards to those who were traveling across the world. Let’s say for example you bought a currency the British pound. You traveled over there and came back and went to cash it in. For some reason there was an escalation in value. Well if that escalation was only up to $200 in gain you didn’t report anything but if it did gain over that timeframe it would go through capital gains. So a lot of people grabbed hold of that and said “ok this is how congress and the IRS has decided they are going to deal with the dinar.” And that is NOT true… [Post 1 of 3. Stay tuned for the rest of the story... NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time]
8-22-2017 Intel Guru Frank26 We believe that there was an activation of ATM’s with lower denominations today [Monday]. Yesterday (August 20), Our friend ( [Guru] Walkingstick) said that we are LIVE... We believe that Information is going to start seeping out after August 21. Iraq regional elections are on Sept 18. It would be wise for Abadi to announce the Monetary Reform before the elections. Sept 1- 4 are Islamic holy day /holidays. Arab nations are all rallying around Iraq. We believe Iraq is going international. In my opinion, Iraq is past Article 8 and they will announce it when they choose to.
8-22-2017 Intel Guru Delta URGENT FROM IRAQI TV: Association of IRAQI Banks seeking to link local banks universal.
8-22-2017 Newshound Guru Kaperoni Article: Association of Banks seeking to link local banks universal " Freedom of movement of capital (Article VIII) is a requirement for the worlds banks to engage with Iraq. This article does tell us though that is the intent. We just have to wait it out. ...Iraq appears to be using the remainder of this year to get there ducks lined up. We can hope.
*** Dinar Guru WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time ***
8-22-2017 Newshound Guru Breitling & Guest Guru Bob …You need to be acutely aware that the currency we are currently holding wasn’t used for travel. It was bought distinctly and absolutely for one purpose and that was for an investment. And because it was treated that way and the way it is written in regards to currencies, it is not going to be treated as capital gains. I’ll say it one more time. It will NOT be treated as capital gains…It is going to be treated as ordinary income. Now what does that mean to you? ... [Post 2 of 3 Stay tuned for the rest of the story... NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time]
8-22-2017 Newshound Guru G-Lin Article: "The Association of Banks seeks to link local banks to the universal" [...does this mean they have to be in article 8 before consolidation with US banks?] I have never felt like Iraq needed to take a full position in Art. 8 in order to rv. The only thing addressed in the Art. IV consultations is that Iraq accept Art. 8 obligations. They would be crazy to take a position because it would put many restrictions on them and they could never go back once they do. Just be compliant without the restrictions. And they may be very close to that currently. As far as linking to International Banks, the only thing they need a little more work on is technology. They have to be compatible with advanced banking technology and they have been training them for months in that area. We have read art. after art. on how the banks are now compliant with international standards. I believe they are good to go. JMO
8-22-2017 Newshound Guru MilitiaMan They are pegged to the USD and if they are to get equal cash balance for for Gas and Oil payments which apparently was part of the 18 items that have been cleared for to pave the way for this implementation by the Courts today in reference to the 2017 and or 2018 budget respectfully, is a good thing! Equal cash sounds like 1:1 to me, it is based on oil and gas, is it not? From what I believe I have read thus far today, they want the proper allocations made for spending done in accordance with a market economy for the benefits of the Citizens, imo.. ...I suspect it is to be done or is now done! Did I see the Citizens getting new Qi Cards from MC and being used to get payday funds today? I think I did. I think I her a purring / buzzing sounds coming from ATMs too. lol
8-22-2017 Intel Guru Delta Banking system is internationally linked already. Regional elections coming on September 18. There is a rate coming from CBI any day.
*** WARNING: The below post should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time ***
8-22-2017 Newshound Guru Breitling & Guest Guru Bob Everyone is asking me how the dinar is going to be taxed and there is a huge debate out there. We’re not giving you tax strategy. We’ll talk about that later on down the road…[Guest Guru Bob] When I first got into this thing a decade ago there was a lot of people pulling off of a pamphlet the IRS had put out in regards to those who were traveling across the world. Let’s say for example you bought a currency the British pound. You traveled over there and came back and went to cash it in. For some reason there was an escalation in value. Well if that escalation was only up to $200 in gain you didn’t report anything but if it did gain over that timeframe it would go through capital gains. So a lot of people grabbed hold of that and said “ok this is how congress and the IRS has decided they are going to deal with the dinar.” And that is NOT true… [Post 1 of 3. Stay tuned for the rest of the story... NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of these gurus. Speak to your own tax and investment professional at the appropriate time]
8-22-2017 Intel Guru Frank26 We believe that there was an activation of ATM’s with lower denominations today [Monday]. Yesterday (August 20), Our friend ( [Guru] Walkingstick) said that we are LIVE... We believe that Information is going to start seeping out after August 21. Iraq regional elections are on Sept 18. It would be wise for Abadi to announce the Monetary Reform before the elections. Sept 1- 4 are Islamic holy day /holidays. Arab nations are all rallying around Iraq. We believe Iraq is going international. In my opinion, Iraq is past Article 8 and they will announce it when they choose to.
8-21-2017 Newshound Guru MilitiaMan URGENT FROM IRAQI TV: Association of IRAQI Banks seeking to link local banks universal. July 13, 2017 Article: "America Invites the Association of Private Banks to Participate in the Arab American Banking Conference in New York" So from the past July 13th article...they tell us they are having a Pow Wow in the USA to show case the Iraqi Banks and one has just hit the top 1000 banks in the world, we read today...Article: "The Association of Banks seeks to link local banks to the universal" This has been in the works for a little while now, imo. Iraq's Security and Stability has increased there by raising Iraq's credit rating. They are also telling us today the MC cards for all can be used freely for just about every Global transaction appropriate. For that the Banks need to be Universal in that regard.
8-21-2017 Intel Guru RayRen98 Best sources are saying, "It's coming, it's coming." That's all I can get them to say right now. Cards outside of Iraq are active but appears they are still on the program rate. We had the understanding it would be at the new rate. Contractors the same. ...going on the assumption lower denom's are not out yet. He said a lot of people are being quiet. [Historically the IMF has always released international public rates in April and Sept. So, with what we are seeing now, we are close folks. . . You agree?] I'm with you...Your information is on the right track. We just don't know the exact minute, exact hour, exact date, exact week or exact month for that matter. You can rest assured the exact minute, exact hour, exact day, exact week, exact month, if it's not already here, it is going to come. That I do believe!
8-21-2017 Newshound Guru Breitling They have said it again and again and again…”We don’t want to be a 'one crop economy'.” If you take all of the manufacturing and what they produce in the Middle East, outside of the oil industry, they produce less than Finland. That’s Iraq and Saudi Arabia, that’s ALL of the Middle East. You think they are not aware of that? They are going to do this in tandem. They are going to stage this so that they build their economy up with the ISX and with the new value of their currency. [Post 2 of 2]
8-21-2017 Intel Guru Frank26 [...when it comes to the exchange time, and the rate is 1 to 1 for example, how the iraqi people exchange, i mean many people must have lots of large notes in store, at one to one ,a lot people going to be super wealthy, is it possible This scenario? or i heard before that they delete three zeros from the note, then 25000 becomes 25, and people will receive 25 Lds?im confused.] A dinar in country is a dinar...at the face value...at 1 to 1. BUT outside the country when YOU cash it in for YOUR COUNTRY'S VALUE...Well that is a completely different rate. Citizens in country can NOT make a capital gain...As YOU will in Your country.
8-21-2017 Newshound Guru Breitling ...the U.S. dollar was put in to compete against the dinar and then they started printing more dinar so they could artificially keep the price down. So they’re reversing that [now]. They’re taking dollar off the market. That’s exciting! …The most important piece is that Iraq is a "one crop economy"…they’re trying to get out of this and that’s where the ISX comes in especially if they get on NASDAC. They’re trying to get out of this "one crop economy" that’s why it means something to me. [Post 1 of 2. Stay tuned for the rest of the story...]
8-21-2017 Intel Guru RayRen98 Best sources are saying, "It's coming, it's coming." That's all I can get them to say right now. Cards outside of Iraq are active but appears they are still on the program rate. We had the understanding it would be at the new rate. Contractors the same. ...going on the assumption lower denom's are not out yet. He said a lot of people are being quiet. [Historically the IMF has always released international public rates in April and Sept. So, with what we are seeing now, we are close folks. . . You agree?] I'm with you...Your information is on the right track. We just don't know the exact minute, exact hour, exact date, exact week or exact month for that matter. You can rest assured the exact minute, exact hour, exact day, exact week, exact month, if it's not already here, it is going to come. That I do believe!
8-21-2017 Newshound Guru Breitling They have said it again and again and again…”We don’t want to be a 'one crop economy'.” If you take all of the manufacturing and what they produce in the Middle East, outside of the oil industry, they produce less than Finland. That’s Iraq and Saudi Arabia, that’s ALL of the Middle East. You think they are not aware of that? They are going to do this in tandem. They are going to stage this so that they build their economy up with the ISX and with the new value of their currency. [Post 2 of 2]
8-21-2017 Intel Guru Frank26 [...when it comes to the exchange time, and the rate is 1 to 1 for example, how the iraqi people exchange, i mean many people must have lots of large notes in store, at one to one ,a lot people going to be super wealthy, is it possible This scenario? or i heard before that they delete three zeros from the note, then 25000 becomes 25, and people will receive 25 Lds?im confused.] A dinar in country is a dinar...at the face value...at 1 to 1. BUT outside the country when YOU cash it in for YOUR COUNTRY'S VALUE...Well that is a completely different rate. Citizens in country can NOT make a capital gain...As YOU will in Your country.
8-21-2017 Newshound Guru Breitling ...the U.S. dollar was put in to compete against the dinar and then they started printing more dinar so they could artificially keep the price down. So they’re reversing that [now]. They’re taking dollar off the market. That’s exciting! …The most important piece is that Iraq is a "one crop economy"…they’re trying to get out of this and that’s where the ISX comes in especially if they get on NASDAC. They’re trying to get out of this "one crop economy" that’s why it means something to me. [Post 1 of 2. Stay tuned for the rest of the story...]
8-20-2017 Newshound Guru G-Lin Article: "The recovery of the Iraqi economy depends on the adoption of 4 vital laws" "The four laws (customs tariff law, domestic product protection law, consumer protection law, antitrust law)
8-20-2017 Newshound Guru EHankins Article: "Saudi-Iraqi negotiations to form a new alliance and return Baghdad to the Arab embrace" "Serious negotiations are under way between Iraq and Saudi Arabia to form a new alliance that would give Riyadh a leading role in rebuilding Iraq's war-torn cities." IMO...THIS IS A SHOW OF TREMENDOUS STABILITY AND, YES, EVEN SECURITY TO JOIN WITH SURROUNDING COUNTRIES TO CREATE AND GIVE BREATH TO UNITY AND STRENGTH. POWER IN NUMBERS MINUS THE ONE AND THAT IS A SIGN OF THE WILLINGNESS AND...THE DESIRE TO UNITE. IRAQ AND SAUDI ARABIA...HISTORY RENEWED...
8-20-2017 Newshound Guru Kaperoni Article: "Iraqi Forces Begin Offensive to Liberate Tal Afar" Quote: "Iraqi security forces have begun their offensive to liberate the city of Tal Afar from the Islamic State of Iraq and Syria, Combined Joint Task Force Operation Inherent Resolve officials said today." PM Abadi announced the start of liberation Tal Afar.
8-20-2017 Newshound Guru MilitiaMan We see the ports have international support in expansion. Port expansion and maintenance is on going and has been for quite some time in preparation for the new Iraq and her freshly implemented Market economy!! All the evidence points to they are timing things on an ever so timely basis that is guided by those that have designed this to happen for a re boot if you will. Re boot it will and in a very big way. Chapter 7 is lifted and fresh contracts being signed after tells me they are just about to let the lion out of the cage. [post 2 of 2]
8-20-2017 Newshound Guru MilitiaMan Article: “Kuwaiti newspaper reveals a non-cash payment mechanism for Kuwait's compensation to Iraq” This is imo answering questions out there on how Iraq is doing business on a program rate. They aren't. They are doing it in like kind value products. Imo. The Dinar is pegged to the Dollar. Thus, when shipping oil or gas it is based on world trade that is done in the USD. kW is owed $ 4+ Billion, therefore, they will get it in like kind value irrespective of the current exchange rate unless the contracts have a future maturity date that is in or at a different rate of exchange that has been set already, just not for our eyes just yet. There is all sorts of trade that can be done now that Chapter 7 is lifted. [post 1 of 2....stay tuned]
8-20-2017 Newshound Guru G-Lin Article: "Iraq is the new member of the Gulf Cooperation Council" Quote: "...the Saudi position towards Iraq and the invitation of Mr. Sadr and the visit of the Bahraini minister Iraq has opened the port of Arar permanently between Saudi Arabia and Iraq and many things between Iraq and the Gulf countries, which was hidden and did not appear to the public and the media are steps that could open the door to Iraq to get the membership of the Gulf Cooperation Council while retaining the Iraqi privacy..." This looks like something being kept very private. But I've been looking for this for a while. When Sadr visited Saudi that completely shunned Iran and was a huge slap in their face. If Iraq hasn't joined the GCC yet, I think they will very soon. JMO.
8-20-2017 Newshound Guru MilitiaMan The ports of Iraq are filling up. ...two ships docked today and or within hours real close. That would mean to me they may have contracts for an amount post chapter 7, imo..
8-20-2017 Intel Guru Delta THE FINANCIAL SITUATION TABLE FOR CBI!!! Table of July /2017 5 MILLION PER MONTH FOR NEW CURRENCY FOR LAST 3 MONTH, AND BECAUSE OF THE REVALUATION THEY ARE GETTING SURPLUS ...GOOOOOOOO...CBI...
8-20-2017 Newshound Guru EHankins Article: "Saudi-Iraqi negotiations to form a new alliance and return Baghdad to the Arab embrace" "Serious negotiations are under way between Iraq and Saudi Arabia to form a new alliance that would give Riyadh a leading role in rebuilding Iraq's war-torn cities." IMO...THIS IS A SHOW OF TREMENDOUS STABILITY AND, YES, EVEN SECURITY TO JOIN WITH SURROUNDING COUNTRIES TO CREATE AND GIVE BREATH TO UNITY AND STRENGTH. POWER IN NUMBERS MINUS THE ONE AND THAT IS A SIGN OF THE WILLINGNESS AND...THE DESIRE TO UNITE. IRAQ AND SAUDI ARABIA...HISTORY RENEWED...
8-20-2017 Newshound Guru Kaperoni Article: "Iraqi Forces Begin Offensive to Liberate Tal Afar" Quote: "Iraqi security forces have begun their offensive to liberate the city of Tal Afar from the Islamic State of Iraq and Syria, Combined Joint Task Force Operation Inherent Resolve officials said today." PM Abadi announced the start of liberation Tal Afar.
8-20-2017 Newshound Guru MilitiaMan We see the ports have international support in expansion. Port expansion and maintenance is on going and has been for quite some time in preparation for the new Iraq and her freshly implemented Market economy!! All the evidence points to they are timing things on an ever so timely basis that is guided by those that have designed this to happen for a re boot if you will. Re boot it will and in a very big way. Chapter 7 is lifted and fresh contracts being signed after tells me they are just about to let the lion out of the cage. [post 2 of 2]
8-20-2017 Newshound Guru MilitiaMan Article: “Kuwaiti newspaper reveals a non-cash payment mechanism for Kuwait's compensation to Iraq” This is imo answering questions out there on how Iraq is doing business on a program rate. They aren't. They are doing it in like kind value products. Imo. The Dinar is pegged to the Dollar. Thus, when shipping oil or gas it is based on world trade that is done in the USD. kW is owed $ 4+ Billion, therefore, they will get it in like kind value irrespective of the current exchange rate unless the contracts have a future maturity date that is in or at a different rate of exchange that has been set already, just not for our eyes just yet. There is all sorts of trade that can be done now that Chapter 7 is lifted. [post 1 of 2....stay tuned]
8-20-2017 Newshound Guru G-Lin Article: "Iraq is the new member of the Gulf Cooperation Council" Quote: "...the Saudi position towards Iraq and the invitation of Mr. Sadr and the visit of the Bahraini minister Iraq has opened the port of Arar permanently between Saudi Arabia and Iraq and many things between Iraq and the Gulf countries, which was hidden and did not appear to the public and the media are steps that could open the door to Iraq to get the membership of the Gulf Cooperation Council while retaining the Iraqi privacy..." This looks like something being kept very private. But I've been looking for this for a while. When Sadr visited Saudi that completely shunned Iran and was a huge slap in their face. If Iraq hasn't joined the GCC yet, I think they will very soon. JMO.
8-20-2017 Newshound Guru MilitiaMan The ports of Iraq are filling up. ...two ships docked today and or within hours real close. That would mean to me they may have contracts for an amount post chapter 7, imo..
8-20-2017 Intel Guru Delta THE FINANCIAL SITUATION TABLE FOR CBI!!! Table of July /2017 5 MILLION PER MONTH FOR NEW CURRENCY FOR LAST 3 MONTH, AND BECAUSE OF THE REVALUATION THEY ARE GETTING SURPLUS ...GOOOOOOOO...CBI...
8-19-2017 Newshound Guru MilitiaMan Article: "Compensation Iraq for "Kuwait": investments and oil" Quote: “that Iraq has resolved with the United Nations the oil-for-food, leaving nothing to hinder the release of under Chapter VII of the Kuwaiti compensation” If they are there in negotiations now, then they probably have finalized it and are timing the release of the finality for future release accordingly.
8-19-2017 Intel Guru Frank26 [reference Guru Walkingstick post 8-18-2017 below] I will help you a little bit more ...This is what he said. For those of you who are interested he referred to a redenomination (...that’s what they are going through right now). And it follows by a reinstatement of their currency. You see a long time ago when the Iraqi dinar was taken off the board the rate of $3.00 what ever it was, was frozen. This was different from Kuwait. They are going to RI (reinstatement) after they finish with the RD (redenomination) . And this is all a part of their MR (monetary reform). They are going to reinstate which is a part of the redenomination and this is all a part of the revalu-ization of their currency. I want to tell you that a redenomination is employed. Do you understand that word “employed” for various reasons...WS is trying to tell you why they are going through this redenomination of their currency right now.
8-19-2017 Newshound Guru Walkingstick ...a redenomination is employed by various reasons...a redenom is employed in a number of manners...strain on fin market. That is why they are doing an RV. They are laying down the foundation for their local currency. These monetary steps have been employed the psychological effect on the gen’l population to permit the intro of lower denom notes. Which Frank [Guru Frank26] thinks may happen on the 21st thru the ATM’s...
8-19-2017 Newshound Guru Kaperoni Article: "Kuwaiti newspaper reveals a non-cash payment mechanism for Kuwait's compensation to Iraq" Quote: "there is no Kuwaiti intention to waive part of those receivables of 4.6 billion dollars." This is why the idea of getting out of UN Chapter VII is laughable. Until they either pay up or come to an agreement in investments, this will linger.
8-19-2017 Newshound Guru G-Lin Article4: "After requesting ISIS trial, Iran, Maliki shall not go unpunished" Quote: "...They particularly demanded the trial of Mullah regime and former prime minister Nouri al-Maliki for the support they provided and still provide to ISIS in Iraq." Iraq has been stalling on the doc. for over 3 years. Phew... Iraq will never do anything about the corrupt Shia officials. Iran protects them. This doc takes it out of their hands. This is the only way Maliki and Co. will be held accountable. ...they have accumulated a great deal of evidence pertaining to the fall of Mosul and Maliki's responsibility. The U.N. is going after the ones that have helped ISIS and Maliki falls within that group. I also think they will get him on his illegal funds that have been transferred out of Iraq into foreign banks. ...it could be something as simple as income tax evasion. But I frankly think it will be much more than that... jmo.
8-19-2017 Intel Guru RayRen98 PM Abadi conducts an hour-long + speech attacking corruption from the governors downward, addressed the liberation efforts of Tal Ahar on Monday and again indicated that August 21 is targeted for the full ATM loading of the lower denoms and for all of the cards to be mailed out by August 20. Reports have come in regarding contractors receiving their pay at the new rate, however, that rate has not been disclosed. Time Will Tell !
8-19-2017 Newshound Guru G-Lin Article: "A Kuwaiti newspaper revealed a non-cash payment mechanism for IraqÂ?s compensation to Kuwait" Quote: “the joint committees between the two countries tend to fold the file of compensation final agreement to invest in vital projects in Iraq, with the import of Kuwait oil and gas, which contributes to strengthen relations of neighbors.”The newspaper pointed out that “there is no Kuwaiti intention to waive part of those receivables of 4.6 billion dollars.” Sounds like they are going to play let's make a deal on that remaining 4.6 billion. If so that is huge. I have a feeling they may do the same with Jordan. Jordan's debt is addressed in Chap. 7.
8-19-2017 Intel Guru Dr. Clarke VIETNAM suddenly dropped 2 zero’s with the click of a computer button ON PURPOSE. The rate jumped from .000044 to .0044, which means for 1 Million Dong, you’d exchange for $44 if at .000044, and the spike indicated at .0044 exchanged is $4,400. Nice little gain there on a $44 investment. The spike up, lasted less than an hour. “Rates” though, are against our Religion. The Rate gods get cranky, when we talk about rates. Why would VN’s rates jump like this? We’ll tell you WHY. It’s “Just a little nod from the gods”, as to what’s REALLY goin down “In the Coming Days”. ONLY This time, the RATES will be Officially Set...NO MORE GAMES...and then begin trading up & down on world currency markets, for Foreign Exchange...INCLUDING the Dinar. [post 3 of 3]
8-19-2017 Intel Guru Dr. Clarke Maybe because NOW, NOW, NOW, the Region is Secure Enough to move forward with adding LOTS of value to the currency? It was NOT secured enough almost 2 months ago, when Mosul was officially announced Liberated. Remember when we wrote, that after Mosul would be liberated, the “Dust needed to Settle” for awhile, before they possibly move the currency value significantly upward?...It’s been almost 2 months now. ...SWEETHEARTS, you’re ALL going to wake up from this Long Long Lull soon - the one that’s been leading everyone along, so nicely into a Trance & Coma for so long, through “Confusion - Inconsistency - Circles”, and WAKE UP to instantly SEE a New, substantially increased value of the Iraqi Dinar, just like you Suddenly saw a significantly increased rate of the Vietnam Dong, this past week...albeit temporary. [post 2 of 3....stay tuned]
8-19-2017 Intel Guru Dr. Clarke ...it’s been almost 2 MONTHS since Mosul was OFFICIALLY announced Liberated. Nothing QUICK about this, for sure. The Majority in Dinarland, including all the “Groups”, and geniuses, were so hyped and pinning their Hopes on an instant RV when Mosul was Liberated - EXCEPT US. We knew MONTHS ago, this was NOT totally about Mosul... Yes, it was important, but as we wrote months ago: “It was TOTALLY about Securing the “REGION”. Yes, the REGION. It’s STILL about securing the REGION. This includes: Syria, Turkey, Afghanistan, Saudi Arabia, Kuwait, Qatar & Iran. Have you heard anything Significant or even as much as a Peep about SYRIA, over the past 3 weeks? Virtually nothing. Why? [post 1 of 3....stay tuned]
8-19-2017 Intel Guru Frank26 [reference Guru Walkingstick post 8-18-2017 below] I will help you a little bit more ...This is what he said. For those of you who are interested he referred to a redenomination (...that’s what they are going through right now). And it follows by a reinstatement of their currency. You see a long time ago when the Iraqi dinar was taken off the board the rate of $3.00 what ever it was, was frozen. This was different from Kuwait. They are going to RI (reinstatement) after they finish with the RD (redenomination) . And this is all a part of their MR (monetary reform). They are going to reinstate which is a part of the redenomination and this is all a part of the revalu-ization of their currency. I want to tell you that a redenomination is employed. Do you understand that word “employed” for various reasons...WS is trying to tell you why they are going through this redenomination of their currency right now.
8-19-2017 Newshound Guru Walkingstick ...a redenomination is employed by various reasons...a redenom is employed in a number of manners...strain on fin market. That is why they are doing an RV. They are laying down the foundation for their local currency. These monetary steps have been employed the psychological effect on the gen’l population to permit the intro of lower denom notes. Which Frank [Guru Frank26] thinks may happen on the 21st thru the ATM’s...
8-19-2017 Newshound Guru Kaperoni Article: "Kuwaiti newspaper reveals a non-cash payment mechanism for Kuwait's compensation to Iraq" Quote: "there is no Kuwaiti intention to waive part of those receivables of 4.6 billion dollars." This is why the idea of getting out of UN Chapter VII is laughable. Until they either pay up or come to an agreement in investments, this will linger.
8-19-2017 Newshound Guru G-Lin Article4: "After requesting ISIS trial, Iran, Maliki shall not go unpunished" Quote: "...They particularly demanded the trial of Mullah regime and former prime minister Nouri al-Maliki for the support they provided and still provide to ISIS in Iraq." Iraq has been stalling on the doc. for over 3 years. Phew... Iraq will never do anything about the corrupt Shia officials. Iran protects them. This doc takes it out of their hands. This is the only way Maliki and Co. will be held accountable. ...they have accumulated a great deal of evidence pertaining to the fall of Mosul and Maliki's responsibility. The U.N. is going after the ones that have helped ISIS and Maliki falls within that group. I also think they will get him on his illegal funds that have been transferred out of Iraq into foreign banks. ...it could be something as simple as income tax evasion. But I frankly think it will be much more than that... jmo.
8-19-2017 Intel Guru RayRen98 PM Abadi conducts an hour-long + speech attacking corruption from the governors downward, addressed the liberation efforts of Tal Ahar on Monday and again indicated that August 21 is targeted for the full ATM loading of the lower denoms and for all of the cards to be mailed out by August 20. Reports have come in regarding contractors receiving their pay at the new rate, however, that rate has not been disclosed. Time Will Tell !
8-19-2017 Newshound Guru G-Lin Article: "A Kuwaiti newspaper revealed a non-cash payment mechanism for IraqÂ?s compensation to Kuwait" Quote: “the joint committees between the two countries tend to fold the file of compensation final agreement to invest in vital projects in Iraq, with the import of Kuwait oil and gas, which contributes to strengthen relations of neighbors.”The newspaper pointed out that “there is no Kuwaiti intention to waive part of those receivables of 4.6 billion dollars.” Sounds like they are going to play let's make a deal on that remaining 4.6 billion. If so that is huge. I have a feeling they may do the same with Jordan. Jordan's debt is addressed in Chap. 7.
8-19-2017 Intel Guru Dr. Clarke VIETNAM suddenly dropped 2 zero’s with the click of a computer button ON PURPOSE. The rate jumped from .000044 to .0044, which means for 1 Million Dong, you’d exchange for $44 if at .000044, and the spike indicated at .0044 exchanged is $4,400. Nice little gain there on a $44 investment. The spike up, lasted less than an hour. “Rates” though, are against our Religion. The Rate gods get cranky, when we talk about rates. Why would VN’s rates jump like this? We’ll tell you WHY. It’s “Just a little nod from the gods”, as to what’s REALLY goin down “In the Coming Days”. ONLY This time, the RATES will be Officially Set...NO MORE GAMES...and then begin trading up & down on world currency markets, for Foreign Exchange...INCLUDING the Dinar. [post 3 of 3]
8-19-2017 Intel Guru Dr. Clarke Maybe because NOW, NOW, NOW, the Region is Secure Enough to move forward with adding LOTS of value to the currency? It was NOT secured enough almost 2 months ago, when Mosul was officially announced Liberated. Remember when we wrote, that after Mosul would be liberated, the “Dust needed to Settle” for awhile, before they possibly move the currency value significantly upward?...It’s been almost 2 months now. ...SWEETHEARTS, you’re ALL going to wake up from this Long Long Lull soon - the one that’s been leading everyone along, so nicely into a Trance & Coma for so long, through “Confusion - Inconsistency - Circles”, and WAKE UP to instantly SEE a New, substantially increased value of the Iraqi Dinar, just like you Suddenly saw a significantly increased rate of the Vietnam Dong, this past week...albeit temporary. [post 2 of 3....stay tuned]
8-19-2017 Intel Guru Dr. Clarke ...it’s been almost 2 MONTHS since Mosul was OFFICIALLY announced Liberated. Nothing QUICK about this, for sure. The Majority in Dinarland, including all the “Groups”, and geniuses, were so hyped and pinning their Hopes on an instant RV when Mosul was Liberated - EXCEPT US. We knew MONTHS ago, this was NOT totally about Mosul... Yes, it was important, but as we wrote months ago: “It was TOTALLY about Securing the “REGION”. Yes, the REGION. It’s STILL about securing the REGION. This includes: Syria, Turkey, Afghanistan, Saudi Arabia, Kuwait, Qatar & Iran. Have you heard anything Significant or even as much as a Peep about SYRIA, over the past 3 weeks? Virtually nothing. Why? [post 1 of 3....stay tuned]
8-18-2017 Intel Guru Frank26 Regarding coming CBI requested 4 day holiday. 17th -20th of August and then 1st, 2nd 3rd and 4th of September are also a holiday. 21st is the next pay scale for all businesses in Iraq. ...This seems to be a perfect time to make some moves. What else are they gong to do on the 21st? Those ATM machines are going to be well dressed. Lot of things happening on the 21st. After 21st they will make them a cashless society and force citizens to use lower denoms.
8-18-2017 Intel/Newshound Guru American Contractor Iraq Foreign Currency Reserves and money... In my last newsletter I mentioned that the currency reserves that are based in US dollars will continue to deplete from its current balance of $45 bln and will rise to $40 bln next year. Reason being is that there are criminal groups in Iraq that are laundering money via use of false documents for the importing of goods. The criminal groups have raised the prices of goods and materials as a means to steal money from the public. I'm very perplexed as to what the Iraq Prime Minister, Haider al-Abadi is going to do in regards to this profuse money laundering done by these criminal groups. The recent signing of the memorandum of understanding by the CBI will not travel far, I'll put a bet in that we’ll be revisiting this topic in another 12 months.
8-18-2017 Intel Guru Frank26 Something is telling [Guru] Delta that the Iraqi dinar is about to explode. They set up so many things to be out of article 8. They walked hand in hand with Trump. Maliki knows his time is up. Do we need Art 140 before the reinstatement. No! ...there is nothing left but to show the rate. The 21st seems to be set up just for that.
8-18-2017 Newshound Guru Islandg1211 Barzani and Abadi are both rational and they will come to an agreement that both knew had to get done right after the defeat of ISIS. Why? Because the reconstruction isn't going to be successful without that security. Barzani's referendum may play well with his constituents, but it doesn't work for the international investors and oil companies. Investors would rather invest with Baghdad right now then Erbil. IMO Barzani was using the referendum as a negotiating tactic. He floated the idea, and the other countries shot it down. In two weeks, ISIS will be declared defeated. I believe BARZANI WILL REACH AN AGREEMENT ON ARTICLE 140, THE GOI WILL HAVE AN HCL BILL THAT KURDS WILL VOTE FOR, AND THE RV WILL HAPPEN as the referendum gets "postponed" until Turkey and Iran agree to it, which isn't going to happen. [post 3 of 3]
8-18-2017 Newshound Guru Islandg1211 Abadi has made agreements with Iran and Saudi Arabia to pump out Iraq's oil east and west so it doesn't have to go north through Kurdistan. He's buying oil tankers and the Port of Faw is operational. Basra is booming. Abadi positioned Iraq to not having to "bend the knee"... to Erbil because he is developing alternative oil export routes. The Kurds are completely responsible to come to Baghdad, sign agreements, and get the HCL law passed and settle the contested Article 140 areas. Abadi isn't going to give Erbil their budget until that is settled. ...the reality is that an independent country isn't happening without the support of Turkey, Iran, Iraq, Syria and the US. [post 2 of 3....stay tuned]
8-18-2017 Newshound Guru Islandg1211 BARZANI'S REFERENDUM & THE RV...This referendum on its face is a non-starter: Turkey has directly stated that they will not support an independent Kurdistan. All Turkey has to do is shut down the pipeline. That's it, game over for Kurdistan. Iran has directly said that they do not support an independent Kurdistan. Iran and Iraq could capture and hold Kirkuk oil fields and pump out the oil East into Iran. Kurdistan would run out of money within a very short time with Kirkuk's oil. Sadre has said he is not for an independent Kurdistan along with Iran's Shiite leader. Kurdistan would loose support from within their borders from their Shiite population. Even in Kurdistan the religious leaders still hold power. [post 1 of 3....stay tuned]
8-18-2017 Intel Guru Bruce Today [Thursday]...all of the contractors in Iraq were paid and compensated of their current pay and also their back pay at the new rate. ...remember...what Dr Shabbi said at the Chamber Commerce Meeting in Washington DC in 2012? He talked about the dinar being able to support $16. The rate I am hearing is about slightly higher than that. That is the rate that is solid on the cards right now. Is that the actual starting rate that would be here when this comes thru for us? I don’t know. I just know the contractors were paid today at the new rate, and ATMS with the lower denoms came out today. That is 28,000 activated. Also trading with Saudi Arabia, and I think just not just with them but other border countries. ...one more thing. The official record the newspaper that Iraq published is published on Wednesdays and Saturdays. We believe the new rate...will make it into Saturday’s copy. It comes out at 7:30 am Iraqi time, 12:30 am EST on Saturday. Iraq is ready to rock- n-roll. ...from what I am understanding now, should be in good shape between tonight and Sunday night. That is the window I am hearing. [post 3 of 3]
8-18-2017 Intel Guru Bruce We believe the rates that are there...I am finding out through various friends that are there in the country of Iraq, these rates have been populating for days on the back screens of Forex. They have been traded up. All the rates including the ZIM were halted couple of days ago because they went as high as they wanted them to be. I don’t know what the dinar rate is right now. People who have the Qi cards, their rate is solid. What is not solid is the word activation. It is flashing. When that solidifies, boom we have an active rate people can use those Qi cards. The new ones are global master cards with two chips in them which are used as both as a credit and debit cards. All the old Qi cards that were debit cards only are being done away with. [post 2 of 3....stay tuned]
8-18-2017 Intel Guru Bruce Let’s start with Iraq. Starting Tuesday they had open borders with Saudi Arabia. For that to occur guess what has to happen. You have to have an international recognized rate on your currency. They do and they did. Is it something we can see at this minute? I would say no, but they have it behind the scenes. They do know about it and can do it. Let’s cut to today [Thursday] ...Iraq has a 3 day holiday that started today. It is an unscheduled holiday that goes from today, Thursday, Friday, and Saturday. What are they celebrating? I wonder. Let me say this. In Iraq today over 28,000 ATMs came on board and were turned on... The balance of the ATMS in the country, the remaining number are going to be up and working by noon on Sunday, Iraq time. [post 1 of 3....stay tuned]
8-18-2017 Intel Gurus Delta & Frank26 VERY INTERESTING TODAY VIETNAM DONG DID OPEN TODAY [WEDNESDAY] AT $0.0044 AND THATS ABOUT $4400 FOR A MILLION DONG. They need more flexibility for the exchange rate. 22,000 to the dollar does not make any sense. They are under exceptional status with the IMF. They dropped 2 zeros from their exchange rate at the beginning of yesterday [Tuesday]. The msn live feed gave that rate. It was not a glitch. They might (eventually) come up to 4 or 5 cents. I-Teams were encouraged about the dong.
8-18-2017 Newshound Guru Aggiedad77 Article: "ABADI TO OUST CORRUPTION PARTIES AFTER LIBERATING IRAQ FROM ISIS" Abadi is on a roll...his long push for elimination of corruption within Iraq was a bit sidetracked by ISIS but is steamrolling now...get ready for some very GREAT and POSITIVE changes to happen within Iraq...he's putting his country on the map as a new financial mecca...he will right the wrongs of the past within Iraq... watch for it...wait for it...it's coming.
8-18-2017 Intel/Newshound Guru American Contractor Iraq Foreign Currency Reserves and money... In my last newsletter I mentioned that the currency reserves that are based in US dollars will continue to deplete from its current balance of $45 bln and will rise to $40 bln next year. Reason being is that there are criminal groups in Iraq that are laundering money via use of false documents for the importing of goods. The criminal groups have raised the prices of goods and materials as a means to steal money from the public. I'm very perplexed as to what the Iraq Prime Minister, Haider al-Abadi is going to do in regards to this profuse money laundering done by these criminal groups. The recent signing of the memorandum of understanding by the CBI will not travel far, I'll put a bet in that we’ll be revisiting this topic in another 12 months.
8-18-2017 Intel Guru Frank26 Something is telling [Guru] Delta that the Iraqi dinar is about to explode. They set up so many things to be out of article 8. They walked hand in hand with Trump. Maliki knows his time is up. Do we need Art 140 before the reinstatement. No! ...there is nothing left but to show the rate. The 21st seems to be set up just for that.
8-18-2017 Newshound Guru Islandg1211 Barzani and Abadi are both rational and they will come to an agreement that both knew had to get done right after the defeat of ISIS. Why? Because the reconstruction isn't going to be successful without that security. Barzani's referendum may play well with his constituents, but it doesn't work for the international investors and oil companies. Investors would rather invest with Baghdad right now then Erbil. IMO Barzani was using the referendum as a negotiating tactic. He floated the idea, and the other countries shot it down. In two weeks, ISIS will be declared defeated. I believe BARZANI WILL REACH AN AGREEMENT ON ARTICLE 140, THE GOI WILL HAVE AN HCL BILL THAT KURDS WILL VOTE FOR, AND THE RV WILL HAPPEN as the referendum gets "postponed" until Turkey and Iran agree to it, which isn't going to happen. [post 3 of 3]
8-18-2017 Newshound Guru Islandg1211 Abadi has made agreements with Iran and Saudi Arabia to pump out Iraq's oil east and west so it doesn't have to go north through Kurdistan. He's buying oil tankers and the Port of Faw is operational. Basra is booming. Abadi positioned Iraq to not having to "bend the knee"... to Erbil because he is developing alternative oil export routes. The Kurds are completely responsible to come to Baghdad, sign agreements, and get the HCL law passed and settle the contested Article 140 areas. Abadi isn't going to give Erbil their budget until that is settled. ...the reality is that an independent country isn't happening without the support of Turkey, Iran, Iraq, Syria and the US. [post 2 of 3....stay tuned]
8-18-2017 Newshound Guru Islandg1211 BARZANI'S REFERENDUM & THE RV...This referendum on its face is a non-starter: Turkey has directly stated that they will not support an independent Kurdistan. All Turkey has to do is shut down the pipeline. That's it, game over for Kurdistan. Iran has directly said that they do not support an independent Kurdistan. Iran and Iraq could capture and hold Kirkuk oil fields and pump out the oil East into Iran. Kurdistan would run out of money within a very short time with Kirkuk's oil. Sadre has said he is not for an independent Kurdistan along with Iran's Shiite leader. Kurdistan would loose support from within their borders from their Shiite population. Even in Kurdistan the religious leaders still hold power. [post 1 of 3....stay tuned]
8-18-2017 Intel Guru Bruce Today [Thursday]...all of the contractors in Iraq were paid and compensated of their current pay and also their back pay at the new rate. ...remember...what Dr Shabbi said at the Chamber Commerce Meeting in Washington DC in 2012? He talked about the dinar being able to support $16. The rate I am hearing is about slightly higher than that. That is the rate that is solid on the cards right now. Is that the actual starting rate that would be here when this comes thru for us? I don’t know. I just know the contractors were paid today at the new rate, and ATMS with the lower denoms came out today. That is 28,000 activated. Also trading with Saudi Arabia, and I think just not just with them but other border countries. ...one more thing. The official record the newspaper that Iraq published is published on Wednesdays and Saturdays. We believe the new rate...will make it into Saturday’s copy. It comes out at 7:30 am Iraqi time, 12:30 am EST on Saturday. Iraq is ready to rock- n-roll. ...from what I am understanding now, should be in good shape between tonight and Sunday night. That is the window I am hearing. [post 3 of 3]
8-18-2017 Intel Guru Bruce We believe the rates that are there...I am finding out through various friends that are there in the country of Iraq, these rates have been populating for days on the back screens of Forex. They have been traded up. All the rates including the ZIM were halted couple of days ago because they went as high as they wanted them to be. I don’t know what the dinar rate is right now. People who have the Qi cards, their rate is solid. What is not solid is the word activation. It is flashing. When that solidifies, boom we have an active rate people can use those Qi cards. The new ones are global master cards with two chips in them which are used as both as a credit and debit cards. All the old Qi cards that were debit cards only are being done away with. [post 2 of 3....stay tuned]
8-18-2017 Intel Guru Bruce Let’s start with Iraq. Starting Tuesday they had open borders with Saudi Arabia. For that to occur guess what has to happen. You have to have an international recognized rate on your currency. They do and they did. Is it something we can see at this minute? I would say no, but they have it behind the scenes. They do know about it and can do it. Let’s cut to today [Thursday] ...Iraq has a 3 day holiday that started today. It is an unscheduled holiday that goes from today, Thursday, Friday, and Saturday. What are they celebrating? I wonder. Let me say this. In Iraq today over 28,000 ATMs came on board and were turned on... The balance of the ATMS in the country, the remaining number are going to be up and working by noon on Sunday, Iraq time. [post 1 of 3....stay tuned]
8-18-2017 Intel Gurus Delta & Frank26 VERY INTERESTING TODAY VIETNAM DONG DID OPEN TODAY [WEDNESDAY] AT $0.0044 AND THATS ABOUT $4400 FOR A MILLION DONG. They need more flexibility for the exchange rate. 22,000 to the dollar does not make any sense. They are under exceptional status with the IMF. They dropped 2 zeros from their exchange rate at the beginning of yesterday [Tuesday]. The msn live feed gave that rate. It was not a glitch. They might (eventually) come up to 4 or 5 cents. I-Teams were encouraged about the dong.
8-18-2017 Newshound Guru Aggiedad77 Article: "ABADI TO OUST CORRUPTION PARTIES AFTER LIBERATING IRAQ FROM ISIS" Abadi is on a roll...his long push for elimination of corruption within Iraq was a bit sidetracked by ISIS but is steamrolling now...get ready for some very GREAT and POSITIVE changes to happen within Iraq...he's putting his country on the map as a new financial mecca...he will right the wrongs of the past within Iraq... watch for it...wait for it...it's coming.
8-17-2017 Intel/Newshound Guru tman23 Article quote: "Erbil is ready to postpone the referendum on the independence of Iraq’s Kurdish Autonomous Region if Iraq's central government fulfills a number of conditions, Iraqi media outlets write Aug. 17." IF IT IS CANCELLED...THERE IS ONE ******* OF A DEAL MADE...AND IT WILL HAVE TO SHOW BEFORE THE 25TH...I just cant' figure Barzani's date of 9/25 for the vote...and then Nov 1 Kurd will hold another election for President etc...Why not place it all on the ballot at the same time Nov 1...This 9/25 date is weird and I suspect Barzani is holding not just Baghdad but other entities feet to the fire.
8-17-2017 Newshound Guru chattels Kurdistan runs their own provincial elections. Baghdad sets elections for the Iraqi Parliament and provincial councils. Federal offices. Kurdistan has it's own Parliament, President and Prime Minister. Somewhat analogous to Federal and State government in the USA. Arguments between the Federal Government in Baghdad and the Regional government in Kurdistan center upon constitutional conflicts and interpretation not unlike here.
8-17-2017 Intel/Newshound Guru tman23 It has been reported that the coalition will begin construction at the start of 2018...It is also when I suspect they will lift the 3 zeros at the start of they year, and by their words, this is when the fiscal year begins with banks and is the appropriate time for accounting purposes... Add those 2 scenarios together...Then possibly as they did back on October 15 2003 they released the new Iraqi dinar...logical to think this could be repeated with the "new lower denoms"...Then take it to the first of the year where they lift the 3 zeros...But the lower denoms would need a rate or be worthless...so it's a brain teaser!
8-17-2017 Intel Guru ADMINBILL NEWS IS MAKING ME BELIEVE SOMETHING IS GOING ON FOR SURE BEHIND THE SCENE AS I HAVE BEEN SAYING FOR THE PAST TWO WEEKS BUT THE END GAME IS STILL SNOWING CERTAIN.
8-17-2017 Newshound Guru Adam Montana [Has the CBI issued any holidays before or is this upcoming weekend the first time they have done so? A few of us were wondering if there wasn't something going on behind the scenes when it comes to it.] The CBI issuing a holiday announcement is certainly intriguing. I can't tell you for certain if it's the first time, but... certainly intriguing, indeed.
8-17-2017 Intel/Newshound Guru American Contractor In the country of Yemen, the Central Bank of Aden has made a poor decision to float their exchange rate. We have dinar experts (I use that term used loosely) in the dinar community that think that the float in Yemen is a great idea. I can tell you that it is not. There are numerous groups and organizations that are against floating the currency and are asking others to follow suit and not follow the floating free market exchange rate. As it stands, there will be banks and ATM machines closing in Yemen, thanks to the corrupt practice of the Saudi supported Central Bank of Aden.
8-16-2017 Intel Guru Frank26 [...is the main event going to be down to any one event or a collection of the events at the same time?] NOT ''ONE'' THING IS THE MR [MONETARY REFORM]...THERE ARE A CONVERSION OF EVENTS THAT R HAPPENING NOW...AND RATHER QUICKLY...WHICH IS VERY IMPRESSIVE FOR THE ME. THE KEY...NOW IS...ART 140. WHY...BECAUSE IT WILL GIVE US THE BUDGET AND HCL...ALSO...THE INTERNATIONAL ACTIVITY RT NOW IS BRING US ART 8...BECAUSE THE INVESTORS ARE PUSHING IT ALONG WITH...THE WTO ...WHICH IS ALSO THE SAME AS SAYING THE USA...
8-17-2017 Intel Guru Okie_Oil_Man [Long time no see...glad you are feeling better!] Hello America, ships at sea and all our world wide friends…I’m very pleased to be here…It’s been quite a ride for all of us…If we were cowboys we would all have saddle sores. Prayerfully, things have finally come to where we can have something to look forward to…I have some information tonight I wish to furnish from second from the top individual…and I am only furnishing the information I receive… I do not guarantee it’s contents but I’ll share with you what I’ve been told. I have been told that our rv will occur from 6 pm tonight [Wednesday] til 9 am in the morning. That will be the official time it will start. ...it comes from a very good source. I can’t guarantee anything but it sounds wonderful to me...
8-17-2017 Newshound Guru mike Article: "The government and the central bank repacking world confidence of the Iraqi economy" IF Iraq does what the IMF has advised them, the reserves will go up. Things like enforcing tariff's, reducing government payroll/expenses and diversifying the economy, all of which will reduce the need for the CBI to prop up the Iraqi economy and cause a loss of the reserves.
8-17-2017 Newshound Guru Kaperoni ...the recent IMF Article IV is very important...Not only does it lay out the steps for the CBI, we are seeing the CBI take action in recent days as a result. In the last few days, we have seen in Iraq, the private banks continue training and the CBI announce a conference for AML...all recommendations from the IMF.
8-17-2017 Intel Guru Frank26 [...you have indicated no RV in Aug but are you still very positive about this year?] ...MY OPINION...OH %$#@! YES.
8-17-2017 Newshound Guru Walkingstick [new guru] ...I believe there is confusion... regarding the "Independence Referendum" and "Article 140 Kirkuk Referendum"...They are 2 totally separate issues...The "Independence Referendum"...seeking independence, becoming an independent state... We have read many articles,...Including a release by the UN stating... It is illegal, not per their Constitution. Article 140 also known as the (Kirkuk Referendum ).. In an nut shell: Reverse the Arabization carried out under Saddam's rule, re-demarcation of the regional borders under the Baath in 1968 and further by Saddam...In turn deciding whether Kirkuk, Diyala, Ninawa and others fall within the Kurdistan regional borders, become part of the Kurdistan region...They must accomplish complete normalization of those regions and conduct a census of Kirkuk...Moving forward: conclude with a referendum in Kirkuk and the other disputed territories to determine the will of their citizens...Mind you.. This is, a very brief explanation...
8-17-2017 Newshound Guru chattels Kurdistan runs their own provincial elections. Baghdad sets elections for the Iraqi Parliament and provincial councils. Federal offices. Kurdistan has it's own Parliament, President and Prime Minister. Somewhat analogous to Federal and State government in the USA. Arguments between the Federal Government in Baghdad and the Regional government in Kurdistan center upon constitutional conflicts and interpretation not unlike here.
8-17-2017 Intel/Newshound Guru tman23 It has been reported that the coalition will begin construction at the start of 2018...It is also when I suspect they will lift the 3 zeros at the start of they year, and by their words, this is when the fiscal year begins with banks and is the appropriate time for accounting purposes... Add those 2 scenarios together...Then possibly as they did back on October 15 2003 they released the new Iraqi dinar...logical to think this could be repeated with the "new lower denoms"...Then take it to the first of the year where they lift the 3 zeros...But the lower denoms would need a rate or be worthless...so it's a brain teaser!
8-17-2017 Intel Guru ADMINBILL NEWS IS MAKING ME BELIEVE SOMETHING IS GOING ON FOR SURE BEHIND THE SCENE AS I HAVE BEEN SAYING FOR THE PAST TWO WEEKS BUT THE END GAME IS STILL SNOWING CERTAIN.
8-17-2017 Newshound Guru Adam Montana [Has the CBI issued any holidays before or is this upcoming weekend the first time they have done so? A few of us were wondering if there wasn't something going on behind the scenes when it comes to it.] The CBI issuing a holiday announcement is certainly intriguing. I can't tell you for certain if it's the first time, but... certainly intriguing, indeed.
8-17-2017 Intel/Newshound Guru American Contractor In the country of Yemen, the Central Bank of Aden has made a poor decision to float their exchange rate. We have dinar experts (I use that term used loosely) in the dinar community that think that the float in Yemen is a great idea. I can tell you that it is not. There are numerous groups and organizations that are against floating the currency and are asking others to follow suit and not follow the floating free market exchange rate. As it stands, there will be banks and ATM machines closing in Yemen, thanks to the corrupt practice of the Saudi supported Central Bank of Aden.
8-16-2017 Intel Guru Frank26 [...is the main event going to be down to any one event or a collection of the events at the same time?] NOT ''ONE'' THING IS THE MR [MONETARY REFORM]...THERE ARE A CONVERSION OF EVENTS THAT R HAPPENING NOW...AND RATHER QUICKLY...WHICH IS VERY IMPRESSIVE FOR THE ME. THE KEY...NOW IS...ART 140. WHY...BECAUSE IT WILL GIVE US THE BUDGET AND HCL...ALSO...THE INTERNATIONAL ACTIVITY RT NOW IS BRING US ART 8...BECAUSE THE INVESTORS ARE PUSHING IT ALONG WITH...THE WTO ...WHICH IS ALSO THE SAME AS SAYING THE USA...
8-17-2017 Intel Guru Okie_Oil_Man [Long time no see...glad you are feeling better!] Hello America, ships at sea and all our world wide friends…I’m very pleased to be here…It’s been quite a ride for all of us…If we were cowboys we would all have saddle sores. Prayerfully, things have finally come to where we can have something to look forward to…I have some information tonight I wish to furnish from second from the top individual…and I am only furnishing the information I receive… I do not guarantee it’s contents but I’ll share with you what I’ve been told. I have been told that our rv will occur from 6 pm tonight [Wednesday] til 9 am in the morning. That will be the official time it will start. ...it comes from a very good source. I can’t guarantee anything but it sounds wonderful to me...
8-17-2017 Newshound Guru mike Article: "The government and the central bank repacking world confidence of the Iraqi economy" IF Iraq does what the IMF has advised them, the reserves will go up. Things like enforcing tariff's, reducing government payroll/expenses and diversifying the economy, all of which will reduce the need for the CBI to prop up the Iraqi economy and cause a loss of the reserves.
8-17-2017 Newshound Guru Kaperoni ...the recent IMF Article IV is very important...Not only does it lay out the steps for the CBI, we are seeing the CBI take action in recent days as a result. In the last few days, we have seen in Iraq, the private banks continue training and the CBI announce a conference for AML...all recommendations from the IMF.
8-17-2017 Intel Guru Frank26 [...you have indicated no RV in Aug but are you still very positive about this year?] ...MY OPINION...OH %$#@! YES.
8-17-2017 Newshound Guru Walkingstick [new guru] ...I believe there is confusion... regarding the "Independence Referendum" and "Article 140 Kirkuk Referendum"...They are 2 totally separate issues...The "Independence Referendum"...seeking independence, becoming an independent state... We have read many articles,...Including a release by the UN stating... It is illegal, not per their Constitution. Article 140 also known as the (Kirkuk Referendum ).. In an nut shell: Reverse the Arabization carried out under Saddam's rule, re-demarcation of the regional borders under the Baath in 1968 and further by Saddam...In turn deciding whether Kirkuk, Diyala, Ninawa and others fall within the Kurdistan regional borders, become part of the Kurdistan region...They must accomplish complete normalization of those regions and conduct a census of Kirkuk...Moving forward: conclude with a referendum in Kirkuk and the other disputed territories to determine the will of their citizens...Mind you.. This is, a very brief explanation...
8-16-2017 Intel Guru Frank26 [When was the 4 day CBI holiday scheduled? ] THIS WEEKEND I BELIEVE... FASCINATING ISNT IT?
8-16-2017 Intel/Newshound Guru tman23 A FLOAT with 3 zero notes in circulation MAKES ZERO SENSE! ...Now remove the 3 zeros from the 3 zero notes at exchange...AND then they will possibly float it... The CBI said the 3 zero notes would circulate in the market place along side the new notes and take approx 2 years to before they are out of the market...but the CBI would honor them for 10 years...
8-16-2017 Newshound Guru Adam Montana [...more and more I am thinking that before the HCL is even voted on, the Parliament is waiting for the CBI to make sure all the little things they need to do are done before they will even consider the HCL. When Parliament sees the CBI is ready, they will pass the HCL.] I think CBI and parliament are equally important. They both have to be ready... but in that regard, I believe the CBI is ready already.
8-16-2017 Intel Guru RayRen98 ...meetings continued with the Kurds about the referendum. Abadi was on the television today to say he met with the Kurds yesterday, with a positive meeting for three hours, without other details. The Kurds have also put out that 1. November is the date they will vote on independence, with the referendum in September. No one knows if that will affect the RV. ...waiting for more solid information about what to expect next as we wait for 21. August to see how this unfolds. Iraq citizens have been told that is the day. This doesn’t mean WE will be in the bank on the 21st, but we should get some good solid information on when we can exchange.
8-16-2017 Intel/Newshound Guru American Contractor There is lots of chatter referencing Article 140, however, many of you do not realize that it is no longer a viable point in politics. Last week, the Kurdistan Regional Government (KRG) published a statement in regards to becoming an independent state by a vote. There are certain countries in the world that are opposed to this, the Iraqi government being one, and so it is unlikely that it will happen. It appears that the idea of an independent KRG is simply wishful thinking.
8-16-2017 Newshound Guru G-Lin Article: "Abadi confirms the launch of candidacy to apply for senior positions and independent bodies" Quote: "Prime Minister Haider al-Abadi on Wednesday announced the nomination of candidates for senior positions and independent bodies within his reform program." Hopefully this is the beginning of the end of proxy positions.
8-16-2017 Newshound Guru Adam Montana Baghdad does not want the Kurds to separate for the same reason, and also because that would mean they instantly lose a good portion of their oil reserves and would lessen their ability to create a stronger dinar for the entire country. Some are saying that the HCL cannot go through without article 140 resolved, but it is also possible that by pushing the HCL through, and creating a stronger dinar for everyone including those in the contested regions, and those peoples would no longer have as strong of a desire for independence, and therefore end the entire dispute. Obviously that does not give you a date or a rate but I hope the food for thought is encouraging... [post 3 of 3]
8-16-2017 Newshound Guru Adam Montana As stated by that author, the questions asked and games that are being played with the regions people's are pretty much just trick questions. They are being asked if they want independence, and not given a full understanding of what the question actually means, so there is a lot of ambiguity in the surveys and what is being reported to them and to the outside world. But let's forget about that, and think about it in another way. With the IQD being so undervalued, it actually would benefit the Kurds to separate and establish their own currency, which would probably be drastically higher than what the Iraqi dinar is right now. This would be next to impossible, for many reasons, but let's skip that for now. [post 2 of 3....stay tuned]
8-16-2017 Newshound Guru Adam Montana First I'll state the obvious - no HCL and no RV at this time. Now, an item that has been popping up in the news and in dinar discussions a lot is article 140. Most of the time when these articles or topics come up, unless it has something to do directly with the HCl, I tend to be a naysayer about their relevance… This one is slightly different. ...it might be a good idea to have a background on what article 140 actually is. In a nutshell, there are several areas that Erbil / the Kurdish government is attempting to claim as theirs, but are currently arguably under the Iraqi government rule, regardless of where they rightfully belong. ...there is a power struggle going on and neither side would willingly walk away or give in without a good reason... At this time the Kurds would not want to give them up because obviously they want the land and also the resources under the land, in addition to the historical and religious reasons. Baghdad currently has a stronger political argument for ownership, plus they do not want to see the Kurdish region secede. [post 1 of 3....stay tuned]
8-16-2017 Intel Guru Bruce ...on Thursday we talked about the ATMs in Iraq being active and alive. They were testing the ATM machines. We understand the tests were successful. Now the ATMs are operable. If so then the lower denoms are out and have a new rate. Did that occur yet? I can’t tell you 100 percent it has. I can’t verify that right now. It is positive that the ATMS are ready to put out the lower denoms. The lower denoms, that is the new dinar currency that will replace the currency we have with numbers of bills such as we have 5 dollar bill, 10, 20 50 100, so on. ...we are expecting or waiting on is a rate to show. [post 2 of 2]
8-16-2017 Intel Guru Bruce In Iraq it looks like from the Iraqi perspective talking to some of our Forex sources, it appears that the Forex was trading the dinar from its position of 1160 or 1168 down to 1140 so forth. The thinking was by sometime tonight [Tuesday] it could be traded all the way down to where it would zero out and come back to $1. to $1.25 or something like that up to its true value. The thinking is that the rate which we have seen some decent rates that were in the vicinity that Dr Shabbi talked about the dinar being able to support. We have seen couple of these rates be on some of the new Qi cards in and outside of Iraq on Iraqi citizens and dual Iraqi citizens. High rates that are stable. Are they place holder rates? Would it be giving us indication what the rate would be? We don’t know that yet. [post 1 of 2....stay tuned]
8-16-2017 Newshound Guru Kaperoni [Free float or managed float Kap?] ...if the intent is to be in the world markets it has to free float. Yemen is free floating as of today... Egypt is free floating...Morocco is free floating...I would guess that Iraq will follow suit at least for a period of time to raise the value of the dinar. Once market forces take over it will go up. No doubt. The CBI is in the business to make money and to float the currency allows for the CBI to end the daily auctions and profit off commissions from floating. I just want people to understand this is not going to go down like they think...It will not RV overnight. [post 2 of 2]
8-16-2017 Newshound Guru Kaperoni Those that didn't know, earlier this year, Egypt and Morocco announced they would float their currencies. Well today, Yemen announced a free float! I think that Yemen decided to float today is huge! This should help Iraq make the decision once ready. I read the other day since March (which is when Egypt floated), Egypt has raised there reserves $15 billion dollars. Still doubt the dinar will float? We know for a fact the plan is to float the Iraqi dinar because the CBI gov..Ali al-Allaq said so... The only way the dinar can be in the world markets is if it floats. [post 1 of 2....stay tuned]
8-16-2017 Intel Guru Delta VERY INTERESTING TODAY VIETNAM DONG DID OPEN TODAY AT $0.0044 AND THATS ABOUT $4400 FOR A MILLION DONG. https://www.msn.com/en-us/money/tools/currencyconverter [ ..I went to that currency converter that you put up and I see no change in value.] IT WENT BACK! [...why would it reverse?] MAYBE TESTING!!!
8-16-2017 Intel/Newshound Guru tman23 A FLOAT with 3 zero notes in circulation MAKES ZERO SENSE! ...Now remove the 3 zeros from the 3 zero notes at exchange...AND then they will possibly float it... The CBI said the 3 zero notes would circulate in the market place along side the new notes and take approx 2 years to before they are out of the market...but the CBI would honor them for 10 years...
8-16-2017 Newshound Guru Adam Montana [...more and more I am thinking that before the HCL is even voted on, the Parliament is waiting for the CBI to make sure all the little things they need to do are done before they will even consider the HCL. When Parliament sees the CBI is ready, they will pass the HCL.] I think CBI and parliament are equally important. They both have to be ready... but in that regard, I believe the CBI is ready already.
8-16-2017 Intel Guru RayRen98 ...meetings continued with the Kurds about the referendum. Abadi was on the television today to say he met with the Kurds yesterday, with a positive meeting for three hours, without other details. The Kurds have also put out that 1. November is the date they will vote on independence, with the referendum in September. No one knows if that will affect the RV. ...waiting for more solid information about what to expect next as we wait for 21. August to see how this unfolds. Iraq citizens have been told that is the day. This doesn’t mean WE will be in the bank on the 21st, but we should get some good solid information on when we can exchange.
8-16-2017 Intel/Newshound Guru American Contractor There is lots of chatter referencing Article 140, however, many of you do not realize that it is no longer a viable point in politics. Last week, the Kurdistan Regional Government (KRG) published a statement in regards to becoming an independent state by a vote. There are certain countries in the world that are opposed to this, the Iraqi government being one, and so it is unlikely that it will happen. It appears that the idea of an independent KRG is simply wishful thinking.
8-16-2017 Newshound Guru G-Lin Article: "Abadi confirms the launch of candidacy to apply for senior positions and independent bodies" Quote: "Prime Minister Haider al-Abadi on Wednesday announced the nomination of candidates for senior positions and independent bodies within his reform program." Hopefully this is the beginning of the end of proxy positions.
8-16-2017 Newshound Guru Adam Montana Baghdad does not want the Kurds to separate for the same reason, and also because that would mean they instantly lose a good portion of their oil reserves and would lessen their ability to create a stronger dinar for the entire country. Some are saying that the HCL cannot go through without article 140 resolved, but it is also possible that by pushing the HCL through, and creating a stronger dinar for everyone including those in the contested regions, and those peoples would no longer have as strong of a desire for independence, and therefore end the entire dispute. Obviously that does not give you a date or a rate but I hope the food for thought is encouraging... [post 3 of 3]
8-16-2017 Newshound Guru Adam Montana As stated by that author, the questions asked and games that are being played with the regions people's are pretty much just trick questions. They are being asked if they want independence, and not given a full understanding of what the question actually means, so there is a lot of ambiguity in the surveys and what is being reported to them and to the outside world. But let's forget about that, and think about it in another way. With the IQD being so undervalued, it actually would benefit the Kurds to separate and establish their own currency, which would probably be drastically higher than what the Iraqi dinar is right now. This would be next to impossible, for many reasons, but let's skip that for now. [post 2 of 3....stay tuned]
8-16-2017 Newshound Guru Adam Montana First I'll state the obvious - no HCL and no RV at this time. Now, an item that has been popping up in the news and in dinar discussions a lot is article 140. Most of the time when these articles or topics come up, unless it has something to do directly with the HCl, I tend to be a naysayer about their relevance… This one is slightly different. ...it might be a good idea to have a background on what article 140 actually is. In a nutshell, there are several areas that Erbil / the Kurdish government is attempting to claim as theirs, but are currently arguably under the Iraqi government rule, regardless of where they rightfully belong. ...there is a power struggle going on and neither side would willingly walk away or give in without a good reason... At this time the Kurds would not want to give them up because obviously they want the land and also the resources under the land, in addition to the historical and religious reasons. Baghdad currently has a stronger political argument for ownership, plus they do not want to see the Kurdish region secede. [post 1 of 3....stay tuned]
8-16-2017 Intel Guru Bruce ...on Thursday we talked about the ATMs in Iraq being active and alive. They were testing the ATM machines. We understand the tests were successful. Now the ATMs are operable. If so then the lower denoms are out and have a new rate. Did that occur yet? I can’t tell you 100 percent it has. I can’t verify that right now. It is positive that the ATMS are ready to put out the lower denoms. The lower denoms, that is the new dinar currency that will replace the currency we have with numbers of bills such as we have 5 dollar bill, 10, 20 50 100, so on. ...we are expecting or waiting on is a rate to show. [post 2 of 2]
8-16-2017 Intel Guru Bruce In Iraq it looks like from the Iraqi perspective talking to some of our Forex sources, it appears that the Forex was trading the dinar from its position of 1160 or 1168 down to 1140 so forth. The thinking was by sometime tonight [Tuesday] it could be traded all the way down to where it would zero out and come back to $1. to $1.25 or something like that up to its true value. The thinking is that the rate which we have seen some decent rates that were in the vicinity that Dr Shabbi talked about the dinar being able to support. We have seen couple of these rates be on some of the new Qi cards in and outside of Iraq on Iraqi citizens and dual Iraqi citizens. High rates that are stable. Are they place holder rates? Would it be giving us indication what the rate would be? We don’t know that yet. [post 1 of 2....stay tuned]
8-16-2017 Newshound Guru Kaperoni [Free float or managed float Kap?] ...if the intent is to be in the world markets it has to free float. Yemen is free floating as of today... Egypt is free floating...Morocco is free floating...I would guess that Iraq will follow suit at least for a period of time to raise the value of the dinar. Once market forces take over it will go up. No doubt. The CBI is in the business to make money and to float the currency allows for the CBI to end the daily auctions and profit off commissions from floating. I just want people to understand this is not going to go down like they think...It will not RV overnight. [post 2 of 2]
8-16-2017 Newshound Guru Kaperoni Those that didn't know, earlier this year, Egypt and Morocco announced they would float their currencies. Well today, Yemen announced a free float! I think that Yemen decided to float today is huge! This should help Iraq make the decision once ready. I read the other day since March (which is when Egypt floated), Egypt has raised there reserves $15 billion dollars. Still doubt the dinar will float? We know for a fact the plan is to float the Iraqi dinar because the CBI gov..Ali al-Allaq said so... The only way the dinar can be in the world markets is if it floats. [post 1 of 2....stay tuned]
8-16-2017 Intel Guru Delta VERY INTERESTING TODAY VIETNAM DONG DID OPEN TODAY AT $0.0044 AND THATS ABOUT $4400 FOR A MILLION DONG. https://www.msn.com/en-us/money/tools/currencyconverter [ ..I went to that currency converter that you put up and I see no change in value.] IT WENT BACK! [...why would it reverse?] MAYBE TESTING!!!
8-15-2017 Intel Guru RayRen98 It is reported that the IMF has warned Iraq of inflation on the public debt promoting acceleration of the "process". The Kurds started meetings on Monday in Baghdad regarding Article 140 and the September referendum issues. Those meetings supposedly continue through Tuesday. Iraqi TV is stating that Maliki is impeding the progress of Article 140. November 1 has been chosen for the date for the Kurds to vote on Independence while continuing with September 25 for the Referendum. Time Will Tell!!
8-15-2017 Intel Guru RayRen98 [If this doesn’t happen in August, will it go to 2018.] If it doesn’t happen in August, I will jump to September. I don’t see why people are anticipating next year when there four more months in 2017!
8-15-2017 Newshound Guru Kaperoni Article: "Anti-money laundering, terrorist financing, compliance and risk management training program" [More of the IMF compliance...its good to see the...(sense of urgency)]. Exactly... the CBI is doing what the IMF is telling them to do.
8-15-2017 Intel/Newshound Guru American Contractor ...the Central Bank of Iraq (CBI) has set a grade and rated some (not all) of their private government banks, to include currency exchange business centers. Iraq banks with less than 17% of the points have to address their shortcoming within three (3) months or they are suspended from participating in the foreign currency auctions. The highest rated banks receive a higher share of participation in the foreign currency auctions. ...the Iraq banking industry is lacking in several categories. Hopefully, they will improve over time. On the streets of Iraq, rumor has it that a U.S. Bank is looking to enter the Iraqi market and open a branch in Baghdad. And no, it is not Bank of America (BoA). They left a long time ago (2004) and haven't returned. Currently, there are 140 banking and financial institutions, including 6 government, 24 private and Islamic and 63 financial companies. The CBI is promoting a campaign to increase the number of foreign and international banks in Iraq, with a window that will close in 2020. One might be curious about the year 2020...wonder what is going to happen in that year? [post 4 of 4]
8-15-2017 Intel/Newshound Guru American Contractor The IMF (International Monetary Fund) recently published “Article IV Consultation, Second Review, Aug 2017.” After reading the IMF report there is nothing new or earth shattering. In the history of the IMF reporting, they have never been right. The Iraqi government does not trust the IMF. However, it does not stop the government from accepting the IMFs money in difficult times. If you reflect back at the history of the IMF you will notice that they have been putting out inaccurate information for quite some time. [post 3 of 4....stay tuned]
8-15-2017 Intel Guru RayRen98 [If this doesn’t happen in August, will it go to 2018.] If it doesn’t happen in August, I will jump to September. I don’t see why people are anticipating next year when there four more months in 2017!
8-15-2017 Newshound Guru Kaperoni Article: "Anti-money laundering, terrorist financing, compliance and risk management training program" [More of the IMF compliance...its good to see the...(sense of urgency)]. Exactly... the CBI is doing what the IMF is telling them to do.
8-15-2017 Intel/Newshound Guru American Contractor ...the Central Bank of Iraq (CBI) has set a grade and rated some (not all) of their private government banks, to include currency exchange business centers. Iraq banks with less than 17% of the points have to address their shortcoming within three (3) months or they are suspended from participating in the foreign currency auctions. The highest rated banks receive a higher share of participation in the foreign currency auctions. ...the Iraq banking industry is lacking in several categories. Hopefully, they will improve over time. On the streets of Iraq, rumor has it that a U.S. Bank is looking to enter the Iraqi market and open a branch in Baghdad. And no, it is not Bank of America (BoA). They left a long time ago (2004) and haven't returned. Currently, there are 140 banking and financial institutions, including 6 government, 24 private and Islamic and 63 financial companies. The CBI is promoting a campaign to increase the number of foreign and international banks in Iraq, with a window that will close in 2020. One might be curious about the year 2020...wonder what is going to happen in that year? [post 4 of 4]
8-15-2017 Intel/Newshound Guru American Contractor The IMF (International Monetary Fund) recently published “Article IV Consultation, Second Review, Aug 2017.” After reading the IMF report there is nothing new or earth shattering. In the history of the IMF reporting, they have never been right. The Iraqi government does not trust the IMF. However, it does not stop the government from accepting the IMFs money in difficult times. If you reflect back at the history of the IMF you will notice that they have been putting out inaccurate information for quite some time. [post 3 of 4....stay tuned]
8-14-2017 Intel/Newshound Guru American Contractor The Iraqi foreign reserves have been decreasing for the last three fiscal years. In Iraq, the fiscal years start on Jan 1 to Dec 31. The foreign currency reserve is at $45 bln, next year it is expected to be $40 bln. In other news, the 2017 Iraqi federal budget (that the parliament always seems to have trouble passing), is currently at 100 trillion dinars. The Parliament Finance Committee has used the power of a supplementary budget and raised the federal budget to 107 trillion dinars (an increase of 7 trillion.) Three trillion will be used to assist with the construction projects in the areas (northern Iraq) associated with the war. The Iraq finance committee seized an opportunity when the federal government changed the budget oil price from $42 to $44.40 in the 2017 federal budget. [post 2 of 4....stay tuned]
8-14-2017 Intel/Newshound Guru American Contractor The Iraq economy is improving at a snails pace but nevertheless, it is improving. This past month the Iraqi government informed everyone about their 10 year $100 bln reconstruction plan for the country. The fund is to be funded by the same groups that normally fund countries that are involved in conflicts, such as the International Monetary Fund (IMF), World Bank, domestic revenues, international borrowing. The bond money (if the government is able to raise $100 bln) is going to be used for the rebuilding of Mosul....By the way, it is going to take more than $100 bln dollars to fund the reconstruction of the war torn areas in northern Iraq. So, where is all that money going to and coming from? [post 1 of 4....stay tuned]
8-14-2017 Intel Guru RayRen98 ...we continue to wait. Right now I’m fixated at the 20-21. August, understanding that something could pop out prior to that date. Anything’s possible, some things are probable, and we patiently wait to see what’s next.
8-14-2017 Newshound/Intel Guru Bluedog Article: "Abadi agreed with Jubouri to pass the Social Security Law" OUTSTANDING… BECAUSE WE HAVE NEVER SEEN THIS AND NOW ALL THINGS FALL IN PLACE... MAYBE IT JUST NEEDS TO SURFACE IN THE GAZETTE WITH A BUNCH OF DUSTY LAWS PASSED BEHIND LOCKED DOORS...NO PRESS ALLOWED… IMO JUST LIKE THE PIPELINE TO SAUDI ARABIA …NOW THEY TELL THE PEOPLE...WELL IMO THAT HAS BEEN DONE AND OIL HAS BEEN FLOWING THRU IT AND THE SAUDIS COVER UP THE GUSHER... YOU MAY SEE THE ARTICLES OR YOU MAY NOT BUT THEY ARE ALL FRONT AND CENTER IN THE ARABIC NEWS... BARGAINS FOR INVESTMENT SORTA LIKE A DEAL. IRAQ IS GOING TO HAVE POWER MAYBE THE MOST IN THE MIDDLE EAST AND NOW WE DANCE AND MAKE DEALS... THESE COUNTRIES AS WE HAVE WATCHED HAVE WAITED TILL NOW...AMAZING AND ALL THESE COUNTRIES HAVE RUSHED IN WITH DIPLOMATS TO SIGN DEALS.
8-14-2017 Newshound Guru Enorrste We do have some good news...we are much, much closer. I wouldn't say the fat lady started singing yet, but I do think I hear her in the background practicing. The IMF became a trustee of the CBI back in 2015...they said we need you to become a member of the world community. Then as I recall in the middle of last year they announced that they were going to bring them into the real world by the middle of this year which has just passed. I believe that because of Mosul they were thrown back a bit and once they took control of Mosul, the GOI fell right in line with the IMF goals and said now we are ready to move. So I think we are on the right path and I still think the IMF is in control. The IMF is pretty good at setting benchmarks, so we have a pretty clear picture of where we are at this point. So even thought it is not happening at the pace we would have liked, it is happening... The IMF is keeping this on track.
8-14-2017 Newshound Guru Adam Montana Here's the positive side of my post...Even though the things I wanted to see happen did not happen, there has been a lot of significant news. That speaks to me in a way... I hate to use these words, but my gut tells me that the HCL related items are on the verge of coming through, but since they can't yet (for one reason or another) they are settling for passing other things. It's not what we want, at least as an end result, but it is still positive and I'll take it. [post 2 of 2]
8-14-2017 Newshound Guru Adam Montana It's not often I think I have a date nailed down, for ANYTHING related to Iraq, but right now I'm chomping at the bit for a tiny hint of confirmation on a couple things. One is heavily HCL related. That's as far into the "intel" that I'm going to go. Those of you that know me well, know that I keep a very steady and even keel regarding this investment. Am I optimistic? You bet! Do I let my emotions overtake my logic? NEVER. (At least not regarding the Dinar! ) So this is really one of the very few times I have ever felt this way... the feeling is a slight bit of annoyance that something didn't happen in the timeframe I expected it to. [post 1 of 2....stay tuned]
8-14-2017 Intel/Newshound Guru American Contractor The Iraq economy is improving at a snails pace but nevertheless, it is improving. This past month the Iraqi government informed everyone about their 10 year $100 bln reconstruction plan for the country. The fund is to be funded by the same groups that normally fund countries that are involved in conflicts, such as the International Monetary Fund (IMF), World Bank, domestic revenues, international borrowing. The bond money (if the government is able to raise $100 bln) is going to be used for the rebuilding of Mosul....By the way, it is going to take more than $100 bln dollars to fund the reconstruction of the war torn areas in northern Iraq. So, where is all that money going to and coming from? [post 1 of 4....stay tuned]
8-14-2017 Intel Guru RayRen98 ...we continue to wait. Right now I’m fixated at the 20-21. August, understanding that something could pop out prior to that date. Anything’s possible, some things are probable, and we patiently wait to see what’s next.
8-14-2017 Newshound/Intel Guru Bluedog Article: "Abadi agreed with Jubouri to pass the Social Security Law" OUTSTANDING… BECAUSE WE HAVE NEVER SEEN THIS AND NOW ALL THINGS FALL IN PLACE... MAYBE IT JUST NEEDS TO SURFACE IN THE GAZETTE WITH A BUNCH OF DUSTY LAWS PASSED BEHIND LOCKED DOORS...NO PRESS ALLOWED… IMO JUST LIKE THE PIPELINE TO SAUDI ARABIA …NOW THEY TELL THE PEOPLE...WELL IMO THAT HAS BEEN DONE AND OIL HAS BEEN FLOWING THRU IT AND THE SAUDIS COVER UP THE GUSHER... YOU MAY SEE THE ARTICLES OR YOU MAY NOT BUT THEY ARE ALL FRONT AND CENTER IN THE ARABIC NEWS... BARGAINS FOR INVESTMENT SORTA LIKE A DEAL. IRAQ IS GOING TO HAVE POWER MAYBE THE MOST IN THE MIDDLE EAST AND NOW WE DANCE AND MAKE DEALS... THESE COUNTRIES AS WE HAVE WATCHED HAVE WAITED TILL NOW...AMAZING AND ALL THESE COUNTRIES HAVE RUSHED IN WITH DIPLOMATS TO SIGN DEALS.
8-14-2017 Newshound Guru Enorrste We do have some good news...we are much, much closer. I wouldn't say the fat lady started singing yet, but I do think I hear her in the background practicing. The IMF became a trustee of the CBI back in 2015...they said we need you to become a member of the world community. Then as I recall in the middle of last year they announced that they were going to bring them into the real world by the middle of this year which has just passed. I believe that because of Mosul they were thrown back a bit and once they took control of Mosul, the GOI fell right in line with the IMF goals and said now we are ready to move. So I think we are on the right path and I still think the IMF is in control. The IMF is pretty good at setting benchmarks, so we have a pretty clear picture of where we are at this point. So even thought it is not happening at the pace we would have liked, it is happening... The IMF is keeping this on track.
8-14-2017 Newshound Guru Adam Montana Here's the positive side of my post...Even though the things I wanted to see happen did not happen, there has been a lot of significant news. That speaks to me in a way... I hate to use these words, but my gut tells me that the HCL related items are on the verge of coming through, but since they can't yet (for one reason or another) they are settling for passing other things. It's not what we want, at least as an end result, but it is still positive and I'll take it. [post 2 of 2]
8-14-2017 Newshound Guru Adam Montana It's not often I think I have a date nailed down, for ANYTHING related to Iraq, but right now I'm chomping at the bit for a tiny hint of confirmation on a couple things. One is heavily HCL related. That's as far into the "intel" that I'm going to go. Those of you that know me well, know that I keep a very steady and even keel regarding this investment. Am I optimistic? You bet! Do I let my emotions overtake my logic? NEVER. (At least not regarding the Dinar! ) So this is really one of the very few times I have ever felt this way... the feeling is a slight bit of annoyance that something didn't happen in the timeframe I expected it to. [post 1 of 2....stay tuned]
8-13-2017 Newshound Guru Shredd Article: "Iraq is entering the global financial markets with great success" I wish I could impress upon everyone how big this news of the sovereign bonds is. ...with a rate of nearly double of what it is today, the interest was weak but the appetite for investment now is strong. For investors to buy these bonds, their due diligence was done. Their risk concerns are not stronger than their confidence in the returns. Furthermore, bond investors know that the better chances for a return beyond the principal they invested is in the early years of the issuance. Finally, the big name administrators of this debt issuance is just a cherry on top. This further ensures us that Iraq has continued to economically mature. Be encouraged y'all. I am!
8-13-2017 Newshound/Intel Guru BGG "Iraq sets a milestone by entering the international market with its first sale of independent bonds" While staying away from gross generalizations, it would appear they are deep within the “process” of being re-engaged with world economies… even if they aren’t being “officially recognized” just yet. ...they reportedly had much more interest than they had actual bonds to sell during this last offering. Obviously – we’ll see a follow-up bond offering. However, I would suspect there could be some restraint to this particular action by the IMF, etc, until they are content with Iraq’s compliance. None of the above is saying the IMF isn’t perfectly satisfied with their progress to date, nor am I saying any of this is directly tied to potential value change. It is merely my view of things.
8-13-2017 Newshound Guru MilitiaMan Article: "Cleary Advises Iraq On First Standalone Bond Since 2006" Looks like big brother the IMF is firmly at the wheel of MR and in total control. The confidence from the bond sales is a record for Iraq! That will not go unnoticed much longer. ...The process is on a solid foundation now and considered to be B Rated / Stable. Powerful evidence the future is very bright... Interesting they have publicly now stated there is a tier in the game. Those with wealth and privilege just became more wealthy and privileged. That suggests now and along with the release of the imf 800+ million USDs to support the budget and the bonds supporting infrastructure and rebuild of Iraq, they have to have an international rate and it is on its way. We are next in that along Line, imo!!
8-13-2017 Intel Guru Frank26 Article: "Political expert talks about hiding the next stage Washington seeks change in Iraq .. Tehran opposes" Quote: "The United States supports the change in the upcoming elections with the renewal of the mandate of the current Prime Minister Haider Abadi for a second term," Hashemi said, noting that "America believes that Abadi has achieved great successes..." This article is...trying to say...IMO...NO ONE in the WORLD has to fear M [Maliki ?] ...Anymore.
8-13-2017 Newshound Guru G-Lin Articles: "Al Araji: Investments in Iraq exceeded $ 93 billion since 2010" "Egypt is considering establishing factories in Iraq and establishing a free zone" "The National Investment Authority signs a contract with a Chinese company to set up 4,000 housing units in Maysan" Don't let anyone tell you that investors are hesitant about coming into Iraq. They are flooding in currently.
8-13-2017 Newshound Guru MilitiaMan "Iraq is entering the global financial markets with great success" Quotes: "this move gives a strong signal to investors to deal with Iraq with high confidence..." "The plans implemented by Dr. Abadi three years ago were well studied, especially with regard to capital. We succeeded in maintaining the dinar exchange rate while continuing to pay salaries and dues, maintaining the war against the enemy and achieving economic victories parallel to security." The confidence the investors have in Iraq has arrived. An additional point to think about is the three years it has been in the making. If we recall the MOP shows that time line for the IQD as well... with two sets of books per se, one may deduce they have been doing them for a heck of a lot longer than ever thought. If true, how sweet it is!!
8-13-2017 Newshound/Intel Guru BGG "Iraq sets a milestone by entering the international market with its first sale of independent bonds" While staying away from gross generalizations, it would appear they are deep within the “process” of being re-engaged with world economies… even if they aren’t being “officially recognized” just yet. ...they reportedly had much more interest than they had actual bonds to sell during this last offering. Obviously – we’ll see a follow-up bond offering. However, I would suspect there could be some restraint to this particular action by the IMF, etc, until they are content with Iraq’s compliance. None of the above is saying the IMF isn’t perfectly satisfied with their progress to date, nor am I saying any of this is directly tied to potential value change. It is merely my view of things.
8-13-2017 Newshound Guru MilitiaMan Article: "Cleary Advises Iraq On First Standalone Bond Since 2006" Looks like big brother the IMF is firmly at the wheel of MR and in total control. The confidence from the bond sales is a record for Iraq! That will not go unnoticed much longer. ...The process is on a solid foundation now and considered to be B Rated / Stable. Powerful evidence the future is very bright... Interesting they have publicly now stated there is a tier in the game. Those with wealth and privilege just became more wealthy and privileged. That suggests now and along with the release of the imf 800+ million USDs to support the budget and the bonds supporting infrastructure and rebuild of Iraq, they have to have an international rate and it is on its way. We are next in that along Line, imo!!
8-13-2017 Intel Guru Frank26 Article: "Political expert talks about hiding the next stage Washington seeks change in Iraq .. Tehran opposes" Quote: "The United States supports the change in the upcoming elections with the renewal of the mandate of the current Prime Minister Haider Abadi for a second term," Hashemi said, noting that "America believes that Abadi has achieved great successes..." This article is...trying to say...IMO...NO ONE in the WORLD has to fear M [Maliki ?] ...Anymore.
8-13-2017 Newshound Guru G-Lin Articles: "Al Araji: Investments in Iraq exceeded $ 93 billion since 2010" "Egypt is considering establishing factories in Iraq and establishing a free zone" "The National Investment Authority signs a contract with a Chinese company to set up 4,000 housing units in Maysan" Don't let anyone tell you that investors are hesitant about coming into Iraq. They are flooding in currently.
8-13-2017 Newshound Guru MilitiaMan "Iraq is entering the global financial markets with great success" Quotes: "this move gives a strong signal to investors to deal with Iraq with high confidence..." "The plans implemented by Dr. Abadi three years ago were well studied, especially with regard to capital. We succeeded in maintaining the dinar exchange rate while continuing to pay salaries and dues, maintaining the war against the enemy and achieving economic victories parallel to security." The confidence the investors have in Iraq has arrived. An additional point to think about is the three years it has been in the making. If we recall the MOP shows that time line for the IQD as well... with two sets of books per se, one may deduce they have been doing them for a heck of a lot longer than ever thought. If true, how sweet it is!!
8-12-2017 Intel Guru RayRen98 [How confident are you this will happen by the end of the month?] Based on what they have told their citizens, I feel extremely good it will happen by the end of the month...because that is what the information dictates. Have told their citizens information in the past that did come to pass but later (time frame).
8-12-2017 Intel Guru Frank26 Allow me to say this: As i opinionated...No RV in August. Said i STUDY 21st of August and then...September 1st to the 10th. [WHY WILL YOU OR [Guru] DELTA NOT SHARE WITH US...WHAT WAS IN THE SPEECH?] Because i can Not...Yet. The net does not even know nor talks of it...In fact tomorrow there is a big meeting few know about.
8-12-2017 Newshound Guru Kaperoni Article: "Iraq steps accelerate the transition to e-payment of salaries of employees" It is my opinion they are facilitating ebanking now in iraq in preparation for international banking which will begin at or about the end of year.
8-12-2017 Newshound Guru Shredd Article: "International Monetary Fund: Iraq faces double economic crisis and risks remain high" When an economy struggles, one tool to combat financial distress is to adjust the country's currency...just like the US recently lowering the value of the dollar. Iraq has the same opportunity. What complicates this is the use of the dollar...but this is all good and works for our benefit imo.
8-12-2017 Intel Guru Frank26 IOO as a TEAM of STUDY...A [Abadi] made his speech on Iraqia TV in front of the citizens of Iraq...We considered it a "STATE OF THE UNION ADDRESS". Because he covered many issues along with announcing they are out of CH7. ONE specific issue we can not SHARE yet...Nor were You able to hear it...It was not a part of the video. IMO...We are Blessed to be in the position that we are in with this investment.
8-12-2017 Newshound Guru Kaperoni ...the CBI intentionally sold dinar outside of Iraq to eventually find it way into the global financial system. Once the dinar is trading, I expect the dinar to rise (Balassa-Samuelson effect) as the IMF stated back in 2012. Many believe it is grossly undervalued, and if so when supply and demand takes over, it should get a substantial correction.
8-12-2017 Intel Guru RayRen98 Also, information out that Kuwait received their last payment. BIG - to satisfy the IMF requirements along with removing multiple currencies in the country. Also, no auction reports for today. If everything goes according to what I expect don't be surprised if no auction reports on Monday. That to could be a signal of Article 8 compliance. CURRENT WINDOW: The targeted execution date is August 21 based on what they put out there. We had some sources looking for something to happen this week. At least a phase of it to happen this week. Contractors and others told to have all their bookkeeping in the by the 21st. But anything could possibly happen before then. ...heard the lower denom's are NOT being used yet. [post 2 of 2]
8-12-2017 Intel Guru RayRen98 The update information I sent out is still the prevailing information. [reference Guru RayRen98 post 8-10-2017] The video clip brought a lot of discussion of PM Abadi having a press conference and a cavalier type statement, to my way of thinking, that Iraq had exited Chapter 7. Some will debate that's not new news and some say they are still in Chapter 7. That puts the debate to an end. He's made the proclamation. Also, info still inconclusive on the IMF. Cannot give it 100% yet...That is IMF making reference to Iraq being Article 8 compliant. That's not the same as proclaiming them Article 8, making it in effect. Could make for discussion, "are they or are they not." [post 1 of 2....stay tuned]
8-12-2017 Intel Guru Frank26 Allow me to say this: As i opinionated...No RV in August. Said i STUDY 21st of August and then...September 1st to the 10th. [WHY WILL YOU OR [Guru] DELTA NOT SHARE WITH US...WHAT WAS IN THE SPEECH?] Because i can Not...Yet. The net does not even know nor talks of it...In fact tomorrow there is a big meeting few know about.
8-12-2017 Newshound Guru Kaperoni Article: "Iraq steps accelerate the transition to e-payment of salaries of employees" It is my opinion they are facilitating ebanking now in iraq in preparation for international banking which will begin at or about the end of year.
8-12-2017 Newshound Guru Shredd Article: "International Monetary Fund: Iraq faces double economic crisis and risks remain high" When an economy struggles, one tool to combat financial distress is to adjust the country's currency...just like the US recently lowering the value of the dollar. Iraq has the same opportunity. What complicates this is the use of the dollar...but this is all good and works for our benefit imo.
8-12-2017 Intel Guru Frank26 IOO as a TEAM of STUDY...A [Abadi] made his speech on Iraqia TV in front of the citizens of Iraq...We considered it a "STATE OF THE UNION ADDRESS". Because he covered many issues along with announcing they are out of CH7. ONE specific issue we can not SHARE yet...Nor were You able to hear it...It was not a part of the video. IMO...We are Blessed to be in the position that we are in with this investment.
8-12-2017 Newshound Guru Kaperoni ...the CBI intentionally sold dinar outside of Iraq to eventually find it way into the global financial system. Once the dinar is trading, I expect the dinar to rise (Balassa-Samuelson effect) as the IMF stated back in 2012. Many believe it is grossly undervalued, and if so when supply and demand takes over, it should get a substantial correction.
8-12-2017 Intel Guru RayRen98 Also, information out that Kuwait received their last payment. BIG - to satisfy the IMF requirements along with removing multiple currencies in the country. Also, no auction reports for today. If everything goes according to what I expect don't be surprised if no auction reports on Monday. That to could be a signal of Article 8 compliance. CURRENT WINDOW: The targeted execution date is August 21 based on what they put out there. We had some sources looking for something to happen this week. At least a phase of it to happen this week. Contractors and others told to have all their bookkeeping in the by the 21st. But anything could possibly happen before then. ...heard the lower denom's are NOT being used yet. [post 2 of 2]
8-12-2017 Intel Guru RayRen98 The update information I sent out is still the prevailing information. [reference Guru RayRen98 post 8-10-2017] The video clip brought a lot of discussion of PM Abadi having a press conference and a cavalier type statement, to my way of thinking, that Iraq had exited Chapter 7. Some will debate that's not new news and some say they are still in Chapter 7. That puts the debate to an end. He's made the proclamation. Also, info still inconclusive on the IMF. Cannot give it 100% yet...That is IMF making reference to Iraq being Article 8 compliant. That's not the same as proclaiming them Article 8, making it in effect. Could make for discussion, "are they or are they not." [post 1 of 2....stay tuned]
8-11-2017 Newshound Guru tlm724 Article: "The Iraqi Trade Bank: The global market has begun to trust the future of Iraq's economy" Quote: "Banks Economy News Baghdad: The Iraqi Bank of Commerce announced on Wednesday that the global market began to trust the future of Iraq's economy after the issuance of the country's bonds worth one billion dollars." I am very excited about this bond issue and maybe they will offer a tranche to satisfy the demand!!! Iraq has been making ALL the right moves since the liberation of Mosul and that is not a coincidence either. Exciting times no doubt!!!
8-11-2017 Newshound Guru Shredd This should move the needle on the stability front and as security improves, the next move should be to reengage the project to remove the zeros and reflect a more realistic value to the dinar. Investor protections are in place (kyc, balance protection, generous trade windows, etc) and this powerful confidence from investors, combined with asset management from huge international finance banks sets the stage as perfectly as we could have hoped for. Be very encouraged. This is good to see! [post 2 of 2]
8-11-2017 Newshound Guru Shredd Article: "The Iraqi Trade Bank: The global market has begun to trust the future of Iraq's economy" Take a look at this part: "...a number of comprehensive offers in London, Boston and New York and received a positive attention by investors from global investment funds, and proceeds of the IPO value of what was on the market more than seven times the amount required." This is a big deal folks. Investor confidence and then some! This strong investor response will result in more investment, that is guaranteed! The rating holding is good too. As Iraq prepares to respond economically to the lower oil prices, selling their debt like this makes sense and again, the investor appetite is awesome to see! [post 1 of 2....stay tuned]
8-11-2017 Intel Guru Bruce Not only they have been released from Chapter 7, but also the fact their ATMs are now operational with lower denoms. Those ATMs in Iraq are finally operational in Iraq and also in Saudi Arabia and in Jordan. When the lower denoms come out we always said this when they do come out that is when we have proof the RV is taking place. In cases where we know people have the new QI cards which are set up for oil and gas proceeds, profits that are shared among the citizens of Iraq, there is now a settled in rate, two digit rate, now on those cards both in and outside of Iraq. We know people with those cards are able to see that rate and we been looking for that rate to drop in and be solid and not flickering. It is a solid two digit rate and some digits behind that which are still flickering, but enough of a rate showing that is a great indicator of things moving forward. Possibly the rate is getting ready to drop in any moment. The timing is really close. ...understand you are in a very good place because we are in an excellent situation to be notified very shortly. [post 2 of 2]
8-11-2017 Intel Guru Bruce We know that Iraq was released from Chapter 7. They had an announcement yesterday from the UN releasing them from Chapter 7. The IMF also made an announcement last night essentially saying the same thing that they are released. To be released they would have to have a rate on their new Iraqi Dinar. We do not necessary have it on the CBI site or totally global out there yet. The last thing that needed to happen for Iraq to be released from Chapter 7 was the new rate, and then have a new international tradable currency. Will they transition directly into Chapter 8? We don’t know that for sure. I thought they automatically did that. There is a holiday today or was a holiday today [Thursday] in Iraq. We believe the reason for the holiday was because they were in fact revaluing their currency. [post 1 of 2....stay tuned]
8-11-2017 Newshound Guru Aggiedad77 Frank [Guru Frank26] ...offered up a few thoughts...let me share...what he said... great news today from our friend (Walkingstick) ...a plethora of information...information that he believes IHO that we will see the results of in 2-3 days...Time for the media to catch up...Frank says that so much is happening...no we don't know the date or rate...but there is sure a lot of activity happening right in front of us...right before our eyes...So that is it in a nutshell for now...the BEST is coming.
8-11-2017 Newshound Guru G-Lin "Report: Electronic payment removes the "dinar" from the pockets of employees" Quote: "The salary of the employee will be 2000 Iraqi dinars (less than two dollars), regardless of its value." Well to me it is saying that there may be plans for a different value for the dinar. At todays rate of 1260 they are getting $1.59 for 2000 dinars. If that changes to a 1 to 1 they would receive 2000 dinars worth a lot more in purchasing power than that $1.59. In Iraq 2000 dinars will always be 2000 dinars. A change in value is what we are looking for of course. That 1 to 1 means something totally different to in-country versus what it means to us. We be dancing in the street. I just liked that they said " regardless of value." I can't imagine the value going anywhere but up. All JMO.
8-11-2017 Newshound Guru Kaperoni Article: "Trade Bank of Iraq: the global market began to trust the future of Iraq's economy" [Ok then lets show the world that your currency isn't toilet paper any more then...Let have some value added to it...] ...they cannot just add value to the dinar arbitrarily. And the CBI would be foolish to do so..since they are [in] the business of making money. The dinar will rise in value as this investment flows into Iraq and the world gains more confidence in Iraq. Iraq needs to get in compliance with the IMF so they can move to Article VIII and let the process begin. What happens from there will be fun to watch. One thing is for sure, Abadi is hyping this little bit of success. Hope it works out.
8-11-2017 Newshound Guru Shredd This should move the needle on the stability front and as security improves, the next move should be to reengage the project to remove the zeros and reflect a more realistic value to the dinar. Investor protections are in place (kyc, balance protection, generous trade windows, etc) and this powerful confidence from investors, combined with asset management from huge international finance banks sets the stage as perfectly as we could have hoped for. Be very encouraged. This is good to see! [post 2 of 2]
8-11-2017 Newshound Guru Shredd Article: "The Iraqi Trade Bank: The global market has begun to trust the future of Iraq's economy" Take a look at this part: "...a number of comprehensive offers in London, Boston and New York and received a positive attention by investors from global investment funds, and proceeds of the IPO value of what was on the market more than seven times the amount required." This is a big deal folks. Investor confidence and then some! This strong investor response will result in more investment, that is guaranteed! The rating holding is good too. As Iraq prepares to respond economically to the lower oil prices, selling their debt like this makes sense and again, the investor appetite is awesome to see! [post 1 of 2....stay tuned]
8-11-2017 Intel Guru Bruce Not only they have been released from Chapter 7, but also the fact their ATMs are now operational with lower denoms. Those ATMs in Iraq are finally operational in Iraq and also in Saudi Arabia and in Jordan. When the lower denoms come out we always said this when they do come out that is when we have proof the RV is taking place. In cases where we know people have the new QI cards which are set up for oil and gas proceeds, profits that are shared among the citizens of Iraq, there is now a settled in rate, two digit rate, now on those cards both in and outside of Iraq. We know people with those cards are able to see that rate and we been looking for that rate to drop in and be solid and not flickering. It is a solid two digit rate and some digits behind that which are still flickering, but enough of a rate showing that is a great indicator of things moving forward. Possibly the rate is getting ready to drop in any moment. The timing is really close. ...understand you are in a very good place because we are in an excellent situation to be notified very shortly. [post 2 of 2]
8-11-2017 Intel Guru Bruce We know that Iraq was released from Chapter 7. They had an announcement yesterday from the UN releasing them from Chapter 7. The IMF also made an announcement last night essentially saying the same thing that they are released. To be released they would have to have a rate on their new Iraqi Dinar. We do not necessary have it on the CBI site or totally global out there yet. The last thing that needed to happen for Iraq to be released from Chapter 7 was the new rate, and then have a new international tradable currency. Will they transition directly into Chapter 8? We don’t know that for sure. I thought they automatically did that. There is a holiday today or was a holiday today [Thursday] in Iraq. We believe the reason for the holiday was because they were in fact revaluing their currency. [post 1 of 2....stay tuned]
8-11-2017 Newshound Guru Aggiedad77 Frank [Guru Frank26] ...offered up a few thoughts...let me share...what he said... great news today from our friend (Walkingstick) ...a plethora of information...information that he believes IHO that we will see the results of in 2-3 days...Time for the media to catch up...Frank says that so much is happening...no we don't know the date or rate...but there is sure a lot of activity happening right in front of us...right before our eyes...So that is it in a nutshell for now...the BEST is coming.
8-11-2017 Newshound Guru G-Lin "Report: Electronic payment removes the "dinar" from the pockets of employees" Quote: "The salary of the employee will be 2000 Iraqi dinars (less than two dollars), regardless of its value." Well to me it is saying that there may be plans for a different value for the dinar. At todays rate of 1260 they are getting $1.59 for 2000 dinars. If that changes to a 1 to 1 they would receive 2000 dinars worth a lot more in purchasing power than that $1.59. In Iraq 2000 dinars will always be 2000 dinars. A change in value is what we are looking for of course. That 1 to 1 means something totally different to in-country versus what it means to us. We be dancing in the street. I just liked that they said " regardless of value." I can't imagine the value going anywhere but up. All JMO.
8-11-2017 Newshound Guru Kaperoni Article: "Trade Bank of Iraq: the global market began to trust the future of Iraq's economy" [Ok then lets show the world that your currency isn't toilet paper any more then...Let have some value added to it...] ...they cannot just add value to the dinar arbitrarily. And the CBI would be foolish to do so..since they are [in] the business of making money. The dinar will rise in value as this investment flows into Iraq and the world gains more confidence in Iraq. Iraq needs to get in compliance with the IMF so they can move to Article VIII and let the process begin. What happens from there will be fun to watch. One thing is for sure, Abadi is hyping this little bit of success. Hope it works out.
8-10-2017 Intel Guru Bluwolf UPDATE: UN ANNOUNCEMENT: " IRAQ IS OFFICIALLY A SOVEREIGN COUNTRY", 10 AUGUST 8.10.17 ...a UN announcement is expected informing the world that now Iraq is officially a sovereign country with no ties to sanctions whatsoever.
8-10-2017 Intel Guru RayRen98 A video surfaced where PM Abadi held a press conference on Wednesday and supposedly makes an "oh, by the way" type of comment publicly stating the exit of UN's Chapter 7. There is concern on the validity of this video and it's english written subtitles. Inconclusive reports indicate that the IMF has announced that Iraq is Article 8 compliant. Kuwait has supposedly received its last payment...awaiting more solid information. If all 3 of these statements prove to be true and accurate...August 21 may be a moot point. Time Will Tell...ALL! UPDATE!! AFTER RECEIVING THE VIDEO FROM ABADI'S PERSONAL TWITTER ACCOUNT, I WILL ACCEPT IT AS VALIDATION.
8-10-2017 Newshound Guru chattels Details are lacking for me to be ebullient about Iraq's Chapter Seven status. In my opinion is not at all clear from the English translation what he is saying or means. Abadi specifically said that the food-for-oil is " entirely " resolved, but he did not say such about Chapter Seven. [We're still in the right direction.] There is progress.
8-10-2017 Newshound/Intel Guru BGG [Iraqi Prime Minister Abadi announced the below on the Iraqi Govt Twitter: THE OIL-FOR-FOOD FILE HAS BEEN RESOLVED COMPLETELY] Apples and watermelons. Ch 7 designation and the Oil-for-Food are different files entirely. The last remaining Oil-for-Food money was reportedly turned over to Iraqi control. However, to imply this means the lifting of all Ch 7 "sanctions" is not an accurate analysis. There really aren't much in the way of Ch 7 sanctions left in force anyway. Further, I highly doubt the UN completely removes the Ch 7 designation anytime soon. I suspect they want the latitude to go in and help settle things down again - if needed. As they did with ISIS. None of this is directly detrimental to a value change in the currency...If it were - How would it have been possible for the CoM and CBI to have been planning a value change back in 2012?
8-10-2017 Newshound Guru Adam Montana [Any news on the HCL?] I'm waiting on some news as of now, actually as of a couple days now... it's coming.
8-10-2017 Intel Guru Delta Abadi: "Iraq also exited from the UN's Chapter Seven" PM praises the development of Iraq's economy and encourages investment and diversification in his weekly press conference:
8-10-2017 Guest Newshound Guru rickjames2 they [The CBI] are still actively using the cbi.3eyon-host.net site and seem to be running tests to make sure vulnerability to viruses and hacking is not an issue...(1) go to Cbi.iq website and go to English (Home) (2) click on statistics and then Extended statistics...the cbi.3eyon-host.net site comes up. (3) click on home at top right. (4) click on read more under Dddtd posting. (5) Highlight Dddtd and Ddhfh...then right click. Note...when I did this yesterday a page came up that said a Vulnerability scan and report was done on August 8, 2017 to the cbi.3eyon-host.net. I saw the page...it looks like they want to make sure it is virus and hack protected.
8-10-2017 Newshound Guru Kaperoni "The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate..." Article VIII is not that far away. If the CBI can get past these two restrictions they can move to Article VIII. Doing so is exactly what we want to see. The one thing I keep reading throughout the Article IV Consultation is how Iraq has missed numerous target dates. On a positive, as of late, they seem to be catching up or meeting some of the conditions. Looks like by June 2018 they want the CBI to be fully compliant with international standards and reporting accordingly. That is less than a year for the banking system to be fully compliant and hopefully integrated with the worlds banking system. [post 3 of 3]
8-10-2017 Newshound Guru Kaperoni "Steps to strengthen the legal framework of the CBI, remove one remaining exchange restriction and implement AML/CFT measures need to be accelerated. Iraq currently maintains one exchange restriction and one multiple currency practice (see Informational Annex) for which staff is not recommending approval. Removal of these, and implementation of AML/CFT measures, will help to improve the integration of the domestic financial system into the global economy." This paragraph is telling. It says very clearly... "staff is not recommending approval." In other words, they have to meet compliance on these. The good news is these are achievable. And meeting them they would then be in Article VIII compliance. Just get it done Iraq! ...the IMF has been frustrated with Iraq keeping on target and doing what was agreed. But the good news is that they have reviewed that with them and come to terms to continue such efforts which include..."implementing structural reforms to promote private sector activity." [post 2 of 3....stay tuned]
8-10-2017 Newshound Guru Kaperoni "Iraq : 2017 Article IV Consultation and Second Review under the Three-Year Stand-by Arrangement..." Quote: "The simplification of documentation requirements implemented by the Central Bank of Iraq led to a decline in the parallel market spread to 6 percent in June 2017." So we have confirmation from the IMF that the CBI spread (official rate to market rate is at 6%)...well out of compliance of the required 2% in order to move to Article VIII. The CBI has to find a way to get the market rate down to 1207 or so. Currently it is 1260. ...the IMF states that Ali al-Allaq and his team have lowered the spread from 11% in December to about 6% currently. Still out of compliance for acceptance into Article VIII, but progress. ...the CBI believes that three of the SB's (i believe that means Structural Benchmarks) can be met very soon. The key one's seems to be the law in parliament to modify the CBI law and freeing up one of the CBI's current financial restrictions which they believe is the reason for the current 6% spread. If so, this is more good news. Clearly they are working to reduce the spread and get in compliance as soon as possible. [post 1 of 3....stay tuned]
8-10-2017 Newshound Guru Adam Montana [ I am curious about all of the billions of dinar that has been stolen from Iraq by ISIS and of course the big Maliki? Will this have an effect on the possible RV in the future or do you feel that the money has already been spent and back in the hands of the CBI?] From what I'm told, and making a fairly educated guess, at least half of that "cash" is not a consideration - lost, burned, or buried. The other half is mostly accounted for and is going to be factored into the RV amount.
8-10-2017 Intel Guru RayRen98 A video surfaced where PM Abadi held a press conference on Wednesday and supposedly makes an "oh, by the way" type of comment publicly stating the exit of UN's Chapter 7. There is concern on the validity of this video and it's english written subtitles. Inconclusive reports indicate that the IMF has announced that Iraq is Article 8 compliant. Kuwait has supposedly received its last payment...awaiting more solid information. If all 3 of these statements prove to be true and accurate...August 21 may be a moot point. Time Will Tell...ALL! UPDATE!! AFTER RECEIVING THE VIDEO FROM ABADI'S PERSONAL TWITTER ACCOUNT, I WILL ACCEPT IT AS VALIDATION.
8-10-2017 Newshound Guru chattels Details are lacking for me to be ebullient about Iraq's Chapter Seven status. In my opinion is not at all clear from the English translation what he is saying or means. Abadi specifically said that the food-for-oil is " entirely " resolved, but he did not say such about Chapter Seven. [We're still in the right direction.] There is progress.
8-10-2017 Newshound/Intel Guru BGG [Iraqi Prime Minister Abadi announced the below on the Iraqi Govt Twitter: THE OIL-FOR-FOOD FILE HAS BEEN RESOLVED COMPLETELY] Apples and watermelons. Ch 7 designation and the Oil-for-Food are different files entirely. The last remaining Oil-for-Food money was reportedly turned over to Iraqi control. However, to imply this means the lifting of all Ch 7 "sanctions" is not an accurate analysis. There really aren't much in the way of Ch 7 sanctions left in force anyway. Further, I highly doubt the UN completely removes the Ch 7 designation anytime soon. I suspect they want the latitude to go in and help settle things down again - if needed. As they did with ISIS. None of this is directly detrimental to a value change in the currency...If it were - How would it have been possible for the CoM and CBI to have been planning a value change back in 2012?
8-10-2017 Newshound Guru Adam Montana [Any news on the HCL?] I'm waiting on some news as of now, actually as of a couple days now... it's coming.
8-10-2017 Intel Guru Delta Abadi: "Iraq also exited from the UN's Chapter Seven" PM praises the development of Iraq's economy and encourages investment and diversification in his weekly press conference:
8-10-2017 Guest Newshound Guru rickjames2 they [The CBI] are still actively using the cbi.3eyon-host.net site and seem to be running tests to make sure vulnerability to viruses and hacking is not an issue...(1) go to Cbi.iq website and go to English (Home) (2) click on statistics and then Extended statistics...the cbi.3eyon-host.net site comes up. (3) click on home at top right. (4) click on read more under Dddtd posting. (5) Highlight Dddtd and Ddhfh...then right click. Note...when I did this yesterday a page came up that said a Vulnerability scan and report was done on August 8, 2017 to the cbi.3eyon-host.net. I saw the page...it looks like they want to make sure it is virus and hack protected.
8-10-2017 Newshound Guru Kaperoni "The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate..." Article VIII is not that far away. If the CBI can get past these two restrictions they can move to Article VIII. Doing so is exactly what we want to see. The one thing I keep reading throughout the Article IV Consultation is how Iraq has missed numerous target dates. On a positive, as of late, they seem to be catching up or meeting some of the conditions. Looks like by June 2018 they want the CBI to be fully compliant with international standards and reporting accordingly. That is less than a year for the banking system to be fully compliant and hopefully integrated with the worlds banking system. [post 3 of 3]
8-10-2017 Newshound Guru Kaperoni "Steps to strengthen the legal framework of the CBI, remove one remaining exchange restriction and implement AML/CFT measures need to be accelerated. Iraq currently maintains one exchange restriction and one multiple currency practice (see Informational Annex) for which staff is not recommending approval. Removal of these, and implementation of AML/CFT measures, will help to improve the integration of the domestic financial system into the global economy." This paragraph is telling. It says very clearly... "staff is not recommending approval." In other words, they have to meet compliance on these. The good news is these are achievable. And meeting them they would then be in Article VIII compliance. Just get it done Iraq! ...the IMF has been frustrated with Iraq keeping on target and doing what was agreed. But the good news is that they have reviewed that with them and come to terms to continue such efforts which include..."implementing structural reforms to promote private sector activity." [post 2 of 3....stay tuned]
8-10-2017 Newshound Guru Kaperoni "Iraq : 2017 Article IV Consultation and Second Review under the Three-Year Stand-by Arrangement..." Quote: "The simplification of documentation requirements implemented by the Central Bank of Iraq led to a decline in the parallel market spread to 6 percent in June 2017." So we have confirmation from the IMF that the CBI spread (official rate to market rate is at 6%)...well out of compliance of the required 2% in order to move to Article VIII. The CBI has to find a way to get the market rate down to 1207 or so. Currently it is 1260. ...the IMF states that Ali al-Allaq and his team have lowered the spread from 11% in December to about 6% currently. Still out of compliance for acceptance into Article VIII, but progress. ...the CBI believes that three of the SB's (i believe that means Structural Benchmarks) can be met very soon. The key one's seems to be the law in parliament to modify the CBI law and freeing up one of the CBI's current financial restrictions which they believe is the reason for the current 6% spread. If so, this is more good news. Clearly they are working to reduce the spread and get in compliance as soon as possible. [post 1 of 3....stay tuned]
8-10-2017 Newshound Guru Adam Montana [ I am curious about all of the billions of dinar that has been stolen from Iraq by ISIS and of course the big Maliki? Will this have an effect on the possible RV in the future or do you feel that the money has already been spent and back in the hands of the CBI?] From what I'm told, and making a fairly educated guess, at least half of that "cash" is not a consideration - lost, burned, or buried. The other half is mostly accounted for and is going to be factored into the RV amount.
8-9-2017 Intel Guru Delta Abadi: "Iraq also exited from the UN's Chapter Seven" PM praises the development of Iraq's economy and encourages investment and diversification in his weekly press conference.
8-9-2017 Newshound Guru BGG …The correct terminology you’d look to hear from them [Iraq] would be monetary reform [Instead of RV] or you’d look to hear something along the line of deleting the zeros project or something along those lines might be what’s you’d be looking at…it’s going to have a bunch of good news particularly financial good news. However, if you’re looking for some actionable information forecasting this event, I guarantee you will be disappointed. It will just happen. They are not going to telegraph it…I think the cat was out of the bag a long time ago…By the way, it’s kind of interesting that we are seeing this slew of articles lately that are talking about, in big terms, all the success that is coming to Iraq soon.
8-9-2017 Intel Guru RayRen98 …Article 140: we/they are rapidly approaching the two days looking for that to become a reality; that is why the repeal in the budget was there in the first place, to push Article 140 out. They have reportedly met, and we are now awaiting reports from that meeting. So from scuttlebutt, television, mosques, people on the street, we are hearing things are taking place that we were expecting…Contractors are being told the new rate are effective 21. August…It’s real, when we can see this in public. Everything is still looking on or before the 21st…This is what we expect by/before 21. August: Contractors to pay their staff at the new rate. The cards out to the citizens by the 21st so they can be loaded, with a ratio of 1:1. The release of the public international rate to come several days after that (general understanding from what is being communicated)
8-9-2017 Intel Guru Bruce In the United States we have confirmed rates for the Vietnamese Dong on screens front and back at decent screen rates at over 2 dollars. I heard rates today and seen them climb today at several different banks. That is happening. Some people tried to exchange then were told they couldn’t even though the rates were on the screens at the bank. That is how close we are.
8-9-2017 Newshound/Intel Guru BGG Things are moving in a good positive direction for Iraq right now. Very good news for Iraq in the bonds offering. Before Iraq, IMF, UN, WB are going to get around the table and decide what the final number is, there has to be some acceptance, somebody is going to have to buy this currency, make a demand for this currency. Two years ago there was zero demand for this currency. Today there is a demand for this currency. Iraq puts out a bond offering and it gets gobbled up by international investors.
8-9-2017 Newshound Guru G-Lin Article: "Optical cable brings great economic returns to Iraq" Quote: "Director General of International Network Services (SCIS) Ali Mohammed Al-Qasab The project was completed by the state-of-the-art national digital platform" It sounds as though all systems are ready to go to me. Completed.
8-9-2017 Intel Guru Bruce In Iraq things are happening to move this along. There are rates that have been temporary put on cards. When they look up their cards to see the rate showing it is there...then it leaves, then it flashes, then it is solid. Until that rate drops in I don’t think we can go and the rate is on the CBI and on their Qi cards. Iraq sort is in a holding pattern that has been relaxed from chapter 7. They are moving into chapter 8 with the UN. We are just waiting for their rate to drop in. Yes we heard their budget will be reviewed on the 21st. Does it mean we have to wait until the 21st? No, do not believe that. I believe this is very close. [post 2 of 2]
8-9-2017 Intel Guru Bruce I am going to bring everyone up to speed from several sources...Some of my sources are people that no one else gets information from. I do know that. Iraq has been sending emails to people in their own country with these Qi cards that the rates are changing. Some people have talked about the lower denominations being in the ATM machines. Yes they are. Are they ready to go yet? I can’t get confirmations of that. I thought they would be ready yesterday or today. They are poised to start. Fils coins are not in the ATM machines. They are in the banks and the stores. They don’t put coins in the ATM machines. [post 1 of 2....stay tuned]
8-9-2017 Newshound Guru chattels [...just wondering how Iraq sold bonds internationally in 2006 if they aren't international.] Iraq's currency and bonds are " international ", they just aren't worth what we are waiting for it to be...
8-9-2017 Newshound/Intel Guru Mnt Goat Article: "Iraq in Final Talks to settle debt entire Gulf Debt Economy News Baghdad" Saleh is not talking JUST about the Kuwaiti debt. He is talking about ALL Gulf debts for Iraq from the Paris Agreement. So Iraq plans to settle all these debts amounting to 45.6 billion. This is wonderful news and surely hike up their credit rating. But how will they do it? This is a huge sum of money. This will also lead to getting “fully” out of Chapter VII sanctions. I luv this news…
8-9-2017 Newshound Guru BGG …The correct terminology you’d look to hear from them [Iraq] would be monetary reform [Instead of RV] or you’d look to hear something along the line of deleting the zeros project or something along those lines might be what’s you’d be looking at…it’s going to have a bunch of good news particularly financial good news. However, if you’re looking for some actionable information forecasting this event, I guarantee you will be disappointed. It will just happen. They are not going to telegraph it…I think the cat was out of the bag a long time ago…By the way, it’s kind of interesting that we are seeing this slew of articles lately that are talking about, in big terms, all the success that is coming to Iraq soon.
8-9-2017 Intel Guru RayRen98 …Article 140: we/they are rapidly approaching the two days looking for that to become a reality; that is why the repeal in the budget was there in the first place, to push Article 140 out. They have reportedly met, and we are now awaiting reports from that meeting. So from scuttlebutt, television, mosques, people on the street, we are hearing things are taking place that we were expecting…Contractors are being told the new rate are effective 21. August…It’s real, when we can see this in public. Everything is still looking on or before the 21st…This is what we expect by/before 21. August: Contractors to pay their staff at the new rate. The cards out to the citizens by the 21st so they can be loaded, with a ratio of 1:1. The release of the public international rate to come several days after that (general understanding from what is being communicated)
8-9-2017 Intel Guru Bruce In the United States we have confirmed rates for the Vietnamese Dong on screens front and back at decent screen rates at over 2 dollars. I heard rates today and seen them climb today at several different banks. That is happening. Some people tried to exchange then were told they couldn’t even though the rates were on the screens at the bank. That is how close we are.
8-9-2017 Newshound/Intel Guru BGG Things are moving in a good positive direction for Iraq right now. Very good news for Iraq in the bonds offering. Before Iraq, IMF, UN, WB are going to get around the table and decide what the final number is, there has to be some acceptance, somebody is going to have to buy this currency, make a demand for this currency. Two years ago there was zero demand for this currency. Today there is a demand for this currency. Iraq puts out a bond offering and it gets gobbled up by international investors.
8-9-2017 Newshound Guru G-Lin Article: "Optical cable brings great economic returns to Iraq" Quote: "Director General of International Network Services (SCIS) Ali Mohammed Al-Qasab The project was completed by the state-of-the-art national digital platform" It sounds as though all systems are ready to go to me. Completed.
8-9-2017 Intel Guru Bruce In Iraq things are happening to move this along. There are rates that have been temporary put on cards. When they look up their cards to see the rate showing it is there...then it leaves, then it flashes, then it is solid. Until that rate drops in I don’t think we can go and the rate is on the CBI and on their Qi cards. Iraq sort is in a holding pattern that has been relaxed from chapter 7. They are moving into chapter 8 with the UN. We are just waiting for their rate to drop in. Yes we heard their budget will be reviewed on the 21st. Does it mean we have to wait until the 21st? No, do not believe that. I believe this is very close. [post 2 of 2]
8-9-2017 Intel Guru Bruce I am going to bring everyone up to speed from several sources...Some of my sources are people that no one else gets information from. I do know that. Iraq has been sending emails to people in their own country with these Qi cards that the rates are changing. Some people have talked about the lower denominations being in the ATM machines. Yes they are. Are they ready to go yet? I can’t get confirmations of that. I thought they would be ready yesterday or today. They are poised to start. Fils coins are not in the ATM machines. They are in the banks and the stores. They don’t put coins in the ATM machines. [post 1 of 2....stay tuned]
8-9-2017 Newshound Guru chattels [...just wondering how Iraq sold bonds internationally in 2006 if they aren't international.] Iraq's currency and bonds are " international ", they just aren't worth what we are waiting for it to be...
8-9-2017 Newshound/Intel Guru Mnt Goat Article: "Iraq in Final Talks to settle debt entire Gulf Debt Economy News Baghdad" Saleh is not talking JUST about the Kuwaiti debt. He is talking about ALL Gulf debts for Iraq from the Paris Agreement. So Iraq plans to settle all these debts amounting to 45.6 billion. This is wonderful news and surely hike up their credit rating. But how will they do it? This is a huge sum of money. This will also lead to getting “fully” out of Chapter VII sanctions. I luv this news…
8-8-2017 Newshound Guru G-Lin Article: "Abadi: negotiations with the State of Kuwait to resolve the file of compensation" Quote: "...expressing his hope to resolve the file and complete it completely to emerge Iraq from Chapter VII absolutely." It wouldn't surprise me if this has already been resolved.
8-8-2017 Intel Guru RayRen98 Reports coming to me from Iraqi TV, scuttlebutt from the mosque and conversations being shared among the citizens in Iraq:
2 days to see the article 140 agreement in full activation;
ATM's are to be fully loaded (fils and lower denoms) on or by August 20;
Lower denoms are to be available on or by August 21 with the 1:1 ratio in effect; Citizens are to be paid at the 1:1 ratio on August 21;
4 million cards are being mailed to citizens with a target date of August 21;
The public international revealing is supposedly several days after August 21.
Time will tell! Let's see how all of this unfolds and keep a watchful eye on other currencies...JUST IN CASE!
8-8-2017 Intel Guru Delta Article: "Tigris and Euphrates» and revive the economy" Quote: "...these companies collectively financially set the world up to 12 Trilion dollars, while the volume of purchase orders reached about 6 trillion dollars to support (Euphrates) Iraq secured by the Iraqi government and not by any other international body as the first in Sindh (Tigris) , which safeguarded the United States government." wowww 6 TRILLION TO BUY IRAQ BONDS... Quote: "Especially after the Major economic success achieved on the second August month of Iraq's entry into the global financial markets." BINGO!
8-8-2017 Newshound/Intel Guru Mnt Goat Article: "Handing over the salaries of its employees through electronic payment cards" ...this is the upcoming cashless society in Iraq. It’s all part of the project to delete the zeros. We have seen them rollout millions of these cards already as they move to each province. Are these cards important? ...this is how they are shrinking the money supply. Remember they told us many times they need to get 2/3 of the 3 zero notes out of circulation as part of this project.
8-8-2017 Newshound Guru Enorrste Article: "Keywords confirms the existence of a large and promising role for the private sector in the next phase" Quote: "Secretary General of the Council of Ministers d. Mahdi Keywords presence of government plans to give a major role and promising the private sector in Iraq by activating the investment side in the next stage within the sectors of the economy and reconstruction." I'm with KAP [Guru Kaperoni] on this one. This sort of language doesn't leave much wiggle room. It seems to me that forces are in play to open the currency to the world before the end of the year. [reference Guru Kaperoni post 7-7-2017]
8-8-2017 Newshound/Intel Guru Mnt Goat Use of cards abroad is also rumored to contain a new rate. Again, the rate is NOT ON THE CARD as the rate would have to come from one of the global currency exchanges, and these exchanges currently do not yet have have the new rate. The CBI and GOI have taken on this huge effort to get nearly 35 million people on the debit cards because they need to go a cashless society. The IMF to is mandating this changeover and so if they want their currency to go back to the prior pre-war levels they need to follow instructions.The use of these cards will revolutionize the Iraqi society and the entire banking industry, not to mention get us the RV. [post 2 of 2]
8-8-2017 Newshound/Intel Guru Mnt Goat I want to clarify and dismiss these rumors going around that once they pay on these SMART cards the rate of the dinar has to RV or had RV’d. This is not true...these are only debit cards issued thru Mastercard and Visa...the cards are tied to a bank account. The money is NOT on the cards! There is NOT any new IQD rate on these cards. The in-country market rate is used for the dinar. This rate is decided by the CBI and IMF. The dinar in the country is not changing EVER until they launch the newer notes that eventually and gradually will replace the 3 zero notes...once the dinar goes up in value there will be more purchasing power in Iraq...the rate will be whatever the CBI and IMF decide. There is now only one rate and it is the provisional rate while still under sanctions. [post 1 of 2....stay tuned]
8-8-2017 Newshound Guru Islandg1211 Moody's came out over the weekend with a C+ credit rating for Iraq based on a number of factors. The report published by Moody's makes no reference to Iraq's currency nor Article VIII nor the UN Chapter VII sanctions. Mosul is liberated. Tal Afir, Iraq and Raqqa, Syria are not. Tal Afir is surrounded and the invasion plans completed and will only take a few weeks. Raqqa is about half done, but not ready for the full scale door-to-door invasion. That will happen this Fall. I DON'T BELIEVE THAT THE RV IS GOING TO BE DELAYED until after Tel Afar and Raqqa is completely done. I believe that they see the end of ISIS holding towns is in sight. Trump accelerated the removal of ISIS, but Baghdad is going to have to negotiate an Oil and Gas law without giving in to Barzani. What he is doing is not Constitutional. [post 2 of 2]
8-8-2017 Intel Guru RayRen98 Reports coming to me from Iraqi TV, scuttlebutt from the mosque and conversations being shared among the citizens in Iraq:
2 days to see the article 140 agreement in full activation;
ATM's are to be fully loaded (fils and lower denoms) on or by August 20;
Lower denoms are to be available on or by August 21 with the 1:1 ratio in effect; Citizens are to be paid at the 1:1 ratio on August 21;
4 million cards are being mailed to citizens with a target date of August 21;
The public international revealing is supposedly several days after August 21.
Time will tell! Let's see how all of this unfolds and keep a watchful eye on other currencies...JUST IN CASE!
8-8-2017 Intel Guru Delta Article: "Tigris and Euphrates» and revive the economy" Quote: "...these companies collectively financially set the world up to 12 Trilion dollars, while the volume of purchase orders reached about 6 trillion dollars to support (Euphrates) Iraq secured by the Iraqi government and not by any other international body as the first in Sindh (Tigris) , which safeguarded the United States government." wowww 6 TRILLION TO BUY IRAQ BONDS... Quote: "Especially after the Major economic success achieved on the second August month of Iraq's entry into the global financial markets." BINGO!
8-8-2017 Newshound/Intel Guru Mnt Goat Article: "Handing over the salaries of its employees through electronic payment cards" ...this is the upcoming cashless society in Iraq. It’s all part of the project to delete the zeros. We have seen them rollout millions of these cards already as they move to each province. Are these cards important? ...this is how they are shrinking the money supply. Remember they told us many times they need to get 2/3 of the 3 zero notes out of circulation as part of this project.
8-8-2017 Newshound Guru Enorrste Article: "Keywords confirms the existence of a large and promising role for the private sector in the next phase" Quote: "Secretary General of the Council of Ministers d. Mahdi Keywords presence of government plans to give a major role and promising the private sector in Iraq by activating the investment side in the next stage within the sectors of the economy and reconstruction." I'm with KAP [Guru Kaperoni] on this one. This sort of language doesn't leave much wiggle room. It seems to me that forces are in play to open the currency to the world before the end of the year. [reference Guru Kaperoni post 7-7-2017]
8-8-2017 Newshound/Intel Guru Mnt Goat Use of cards abroad is also rumored to contain a new rate. Again, the rate is NOT ON THE CARD as the rate would have to come from one of the global currency exchanges, and these exchanges currently do not yet have have the new rate. The CBI and GOI have taken on this huge effort to get nearly 35 million people on the debit cards because they need to go a cashless society. The IMF to is mandating this changeover and so if they want their currency to go back to the prior pre-war levels they need to follow instructions.The use of these cards will revolutionize the Iraqi society and the entire banking industry, not to mention get us the RV. [post 2 of 2]
8-8-2017 Newshound/Intel Guru Mnt Goat I want to clarify and dismiss these rumors going around that once they pay on these SMART cards the rate of the dinar has to RV or had RV’d. This is not true...these are only debit cards issued thru Mastercard and Visa...the cards are tied to a bank account. The money is NOT on the cards! There is NOT any new IQD rate on these cards. The in-country market rate is used for the dinar. This rate is decided by the CBI and IMF. The dinar in the country is not changing EVER until they launch the newer notes that eventually and gradually will replace the 3 zero notes...once the dinar goes up in value there will be more purchasing power in Iraq...the rate will be whatever the CBI and IMF decide. There is now only one rate and it is the provisional rate while still under sanctions. [post 1 of 2....stay tuned]
8-8-2017 Newshound Guru Islandg1211 Moody's came out over the weekend with a C+ credit rating for Iraq based on a number of factors. The report published by Moody's makes no reference to Iraq's currency nor Article VIII nor the UN Chapter VII sanctions. Mosul is liberated. Tal Afir, Iraq and Raqqa, Syria are not. Tal Afir is surrounded and the invasion plans completed and will only take a few weeks. Raqqa is about half done, but not ready for the full scale door-to-door invasion. That will happen this Fall. I DON'T BELIEVE THAT THE RV IS GOING TO BE DELAYED until after Tel Afar and Raqqa is completely done. I believe that they see the end of ISIS holding towns is in sight. Trump accelerated the removal of ISIS, but Baghdad is going to have to negotiate an Oil and Gas law without giving in to Barzani. What he is doing is not Constitutional. [post 2 of 2]
8-7-2017 Newshound Guru Islandg1211 Today the GOI passed laws related to decentralize government and elections in the provinces. These are important to support the local governments which us apart of the original UN plan to rebuild the country of Iraq as a democracy. So they are complying with the UN sanctions to de-centralize the government. The GOI has actually done something last week and today when they approved the budget amendment. That was a requirement of the IMF, and by passing it, they got the loan installment approval from the IMF's review. Today's regional laws help them comply with the UN. So the GOI actual made progress. But, the real need here is a deal with the Kurds. They are coming to Baghdad next week but it's all about Barzani getting his own country. Also they announced that the budget has been amended and is projected to go from 95% revenue derived from oil down to 85%. That's an important step to economic diversification that the IMF wanted. [post 1 of 2....stay tuned]
8-7-2017 Intel Guru RayRen98 [Any speculation as to WHAT or WHY this is still being held up? It seems like everything has been done, and we are "CLOSER" than we have ever been, but why not full release?] Sure, someone is still fighting to get what they want out of this deal. Yes, we are closer than ever, but closer is not ‘the end’, which is what we need for the release. [is it possible have this RV could sneak up on us all without any preliminary warning and surprise even you?] No way it could sneak up and surprise me, and I think there are too many people watching this 24/7, looking for these changes. [You don’t think this will go into 2018?] Anything is possible, but if everything goes according to the information I have been listening to, then it should be done before the end of this month, so September and 2018 are irrelevant.
8-7-2017 Newshound Guru Kaperoni Article: "Keywords confirms the existence of a large and promising role for the private sector in the next phase" It seems very matter of fact that between now and end of the year they will open the banking system to facilitate investors/investment. I cannot see how they could achieve a private sector without doing so. This article states two things very clearly, "next stage" and "activating the investment side." One has to come to a reasonable conclusion that "next stage" means within 6 months. And "activating the investment side" means the banking sector simply because investment is not possible without it. I think we should look for significant changes from the CBI by end of year if not sooner.
8-7-2017 Intel Guru RayRen98 Kurds are on their way to Baghdad to discuss their issues and Article 140 to be activated. It’s believed that will take place within two days. The appeal to the Budget has supposedly been rescinded; that was to be addressed on 21 August...and it might have held things up, but if it has been rescinded that’s no longer an issue. If Article 140 is activated, that might be the signal for the ATMs to function and dispense the lower denominations. That will be a great sign of progress. Good things could pop out this week, in Iraq. From the information I’ve received, it looks like Iraq should be moving in the next couple of days...
8-7-2017 Intel/Newshound Guru tman23 A few questions... Why the "sup" budget for 2017? Why does it appear to be initiated in Sept/Oct... Why Meet on it again in September along with the Budget for 2018 that is already figured and "must be approved by IMF board"...when the IMF board appears to be the drafters of the 2018 budget... Iraq Banking Laws... Domestic Banks in Iraq year starts Jan 1 and ends Dec 3...Thus we can see reasoning why they would start the NEW accounting at the start of the New Year... The sup budget appears to be the "start of a new era"...A primer per se'...And from 2018 on...New accounting methods will be used in Iraq...In other words NO MORE 3 ZEROS...
8-7-2017 Newshound Guru Enorrste Article: "Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction" What is amazing about this article is that Iraq is broke! How could they be announcing large investment projects unless they expect the money to come from foreigners? And, if the money has to come from foreigners, how would those investors take the risk unless the dinar is internationally recognized and tradable? Conclusion: open the dinar to the world!
8-7-2017 Intel Guru Bluwolf Main Source still holding on to the point of the high alert. As they also are holding on and awaiting the signal.
8-7-2017 Newshound Guru Breitling A lot of people are talking about the IMF. Don’t read into this hype. What the IMF is doing is they gave loans to Iraq. The reality is the IMF is making sure that the money is fine and if they get to a situation where they are mismanaging and they can’t pay the IMF back for the loans…the IMF gets management rights. That’s it. And guess what? Iraq has not even been close to being at that stage. They pay their bills. They have plenty of money to pay their bills. It has nothing to do with if it’s going to revalue tomorrow or an indicator. Everyone get’s loans. I know millionaires who get loans.
8-7-2017 Intel/Newshound Guru tman23 They at some point need to lift the 3 zeros and the CBI gave the green light March 2015 to begin...Then Alak said although ready, not until they had control of Provinces...WHICH THEY DO NOW!!
8-7-2017 Intel Guru Frank26 As we SHARED ...IOO ...The 1 to 1 is next as it transitions from GOI books to Employers' books.
8-7-2017 Intel Guru RayRen98 [Any speculation as to WHAT or WHY this is still being held up? It seems like everything has been done, and we are "CLOSER" than we have ever been, but why not full release?] Sure, someone is still fighting to get what they want out of this deal. Yes, we are closer than ever, but closer is not ‘the end’, which is what we need for the release. [is it possible have this RV could sneak up on us all without any preliminary warning and surprise even you?] No way it could sneak up and surprise me, and I think there are too many people watching this 24/7, looking for these changes. [You don’t think this will go into 2018?] Anything is possible, but if everything goes according to the information I have been listening to, then it should be done before the end of this month, so September and 2018 are irrelevant.
8-7-2017 Newshound Guru Kaperoni Article: "Keywords confirms the existence of a large and promising role for the private sector in the next phase" It seems very matter of fact that between now and end of the year they will open the banking system to facilitate investors/investment. I cannot see how they could achieve a private sector without doing so. This article states two things very clearly, "next stage" and "activating the investment side." One has to come to a reasonable conclusion that "next stage" means within 6 months. And "activating the investment side" means the banking sector simply because investment is not possible without it. I think we should look for significant changes from the CBI by end of year if not sooner.
8-7-2017 Intel Guru RayRen98 Kurds are on their way to Baghdad to discuss their issues and Article 140 to be activated. It’s believed that will take place within two days. The appeal to the Budget has supposedly been rescinded; that was to be addressed on 21 August...and it might have held things up, but if it has been rescinded that’s no longer an issue. If Article 140 is activated, that might be the signal for the ATMs to function and dispense the lower denominations. That will be a great sign of progress. Good things could pop out this week, in Iraq. From the information I’ve received, it looks like Iraq should be moving in the next couple of days...
8-7-2017 Intel/Newshound Guru tman23 A few questions... Why the "sup" budget for 2017? Why does it appear to be initiated in Sept/Oct... Why Meet on it again in September along with the Budget for 2018 that is already figured and "must be approved by IMF board"...when the IMF board appears to be the drafters of the 2018 budget... Iraq Banking Laws... Domestic Banks in Iraq year starts Jan 1 and ends Dec 3...Thus we can see reasoning why they would start the NEW accounting at the start of the New Year... The sup budget appears to be the "start of a new era"...A primer per se'...And from 2018 on...New accounting methods will be used in Iraq...In other words NO MORE 3 ZEROS...
8-7-2017 Newshound Guru Enorrste Article: "Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction" What is amazing about this article is that Iraq is broke! How could they be announcing large investment projects unless they expect the money to come from foreigners? And, if the money has to come from foreigners, how would those investors take the risk unless the dinar is internationally recognized and tradable? Conclusion: open the dinar to the world!
8-7-2017 Intel Guru Bluwolf Main Source still holding on to the point of the high alert. As they also are holding on and awaiting the signal.
8-7-2017 Newshound Guru Breitling A lot of people are talking about the IMF. Don’t read into this hype. What the IMF is doing is they gave loans to Iraq. The reality is the IMF is making sure that the money is fine and if they get to a situation where they are mismanaging and they can’t pay the IMF back for the loans…the IMF gets management rights. That’s it. And guess what? Iraq has not even been close to being at that stage. They pay their bills. They have plenty of money to pay their bills. It has nothing to do with if it’s going to revalue tomorrow or an indicator. Everyone get’s loans. I know millionaires who get loans.
8-7-2017 Intel/Newshound Guru tman23 They at some point need to lift the 3 zeros and the CBI gave the green light March 2015 to begin...Then Alak said although ready, not until they had control of Provinces...WHICH THEY DO NOW!!
8-7-2017 Intel Guru Frank26 As we SHARED ...IOO ...The 1 to 1 is next as it transitions from GOI books to Employers' books.
8-6-2017 Newshound Guru Kaperoni Article: "Saleh: Iraq's sovereign bond issue {Euphrates}" Quote: "He pointed out that the important thing in this issue is the confidence of investors in the Iraqi economy..." I do not know a lot about bonds, but this seems to me to be great for Iraq. It will kick start many stalled projects, as well as send a signal that foreign investment investors are ready to participate in Iraq. No time to waste.
8-6-2017 Newshound Guru Kaperoni Article: "A slight rise in the exchange rate of the dollar on the stock exchange and its stability in local markets" Quote: "The price of the dollar against the Iraqi dinar rose slightly on the Kifah Stock Exchange in Baghdad, while prices stabilized in local markets on Sunday (6 August 2017). Kifah stock exchange - Baghdad 125.800, while prices for Friday was 125.700." Just a reminder on the math..1207 or less is within 2%. 1255 is about 6%.
8-6-2017 Newshound Guru Aggiedad77 Article: "Localization of salaries of employees .. The last days of dinar paper in Iraq" Quote: "The Iraqi government has already begun to implement the project to settle salaries by handing over the salaries of its employees through electronic payment cards issued by banks operating in the country through deductions up to two thousand dinars." ...can you see what is coming...CAN YOU SAY WE TOLD YOU SO...so fits into all that Frank [Guru Frank26] has been sharing for days...weeks...months...it's coming...the BEST will soon be upon us...IMO.
8-6-2017 Newshound Guru Breitling …it’s in their parliament. The justification report to get to that stage was it needs to get to $1.13 before that so they can stage the economy correctly so they can get to the $3 rate again. This report was put out by parliament…the whole idea behind it was the justification for an exchange rate adjustment. So it’s staged and the four stages are 1. Putting U.S. dollars into the Iraqi economy so the people have a solid currency. 2. Reestablish their currency [The dinar]. 3. Through that currency and through the exchange rate reestablish their economy…get their economy to a $1.13 or around a dollar. 4. And then from $1.13 they can get to to the $3 range. [Post 2 of 2. See part I below...]
8-6-2017 Newshound Guru Kaperoni Article: "A slight rise in the exchange rate of the dollar on the stock exchange and its stability in local markets" Quote: "The price of the dollar against the Iraqi dinar rose slightly on the Kifah Stock Exchange in Baghdad, while prices stabilized in local markets on Sunday (6 August 2017). Kifah stock exchange - Baghdad 125.800, while prices for Friday was 125.700." Just a reminder on the math..1207 or less is within 2%. 1255 is about 6%.
8-6-2017 Newshound Guru Aggiedad77 Article: "Localization of salaries of employees .. The last days of dinar paper in Iraq" Quote: "The Iraqi government has already begun to implement the project to settle salaries by handing over the salaries of its employees through electronic payment cards issued by banks operating in the country through deductions up to two thousand dinars." ...can you see what is coming...CAN YOU SAY WE TOLD YOU SO...so fits into all that Frank [Guru Frank26] has been sharing for days...weeks...months...it's coming...the BEST will soon be upon us...IMO.
8-6-2017 Newshound Guru Breitling …it’s in their parliament. The justification report to get to that stage was it needs to get to $1.13 before that so they can stage the economy correctly so they can get to the $3 rate again. This report was put out by parliament…the whole idea behind it was the justification for an exchange rate adjustment. So it’s staged and the four stages are 1. Putting U.S. dollars into the Iraqi economy so the people have a solid currency. 2. Reestablish their currency [The dinar]. 3. Through that currency and through the exchange rate reestablish their economy…get their economy to a $1.13 or around a dollar. 4. And then from $1.13 they can get to to the $3 range. [Post 2 of 2. See part I below...]
8-5-2017 Intel Guru Frank26 [I am curious to know if the five tankers of oil...discussed a couple of weeks ago have ever arrived in the U.S.?] They have...And they continue to arrive.
8-5-2017 Intel Guru Frank26 Sanctions are a separate part from the IQD's MR...But would be greatly influenced in a positive direction if the 3 000's were lifted...IMO. ...we feel they are lifted and the evidence of their INTERNATIONALISM INSIDE of Iraq at the moment proclaims it. ...concerning the MR...IMO...AUGUST is a month of...Acclimation...(wink) Finally...IMO!... One can not follow a consistency with the MR because the Rule Makers are bending them for IRAQ's MR at this moment. You see...When LIGHT travels faster that it's own Speed...LIGHT tend to bend as well.
8-5-2017 Newshound Guru Kaperoni Article: "Iraqi bonds are offered in the Irish market at a rate of 6.752% per annum" [Can they do this if the currency isn't internationally recognized?] Sure they can...they sell them in dollars. ...keep in mind the dinar is internationally recognized as it is the currency of Iraq. There are no restrictions preventing a banking institution from converting it if they so choose to do so, they just don't because because the CBI is in Article XIV. Until they meet the requirement of Article VIII and accept those conditions, the worlds financial system will mostly stay clear of it. Think of Article VIII as a standard to participate, not a requirement.
8-5-2017 Newshound Guru Breitling You guys have to understand the way they set this up for it to move forward…[when] they put the currency [dinar] out, the first thing they did was to dampen it down. It’s not a market rate ladies and gentlemen…They artificially kept it down…the pressure they are fighting against is going to cause it to go back up. it’s that simple….What did Iraq use to push the value of their currency down? They used the U.S. dollar…That’s what artificially helped keep the dinar down. The justification Report…went to…the Ministry of Finance, the Ministry of Planning and the CBI and specifically said that we want to get it back to $3. This is well recorded… [Post 1 of 2. Stay tuned for the rest of the story]
8-5-2017 Newshound/Intel Guru Mnt Goat Article: "Reuters: Iraqi general sees easy victory over exhausted IS fighters in Tal Afar" Just so you know, I am not presenting this article because I believe that once ISIS is gone from Tal Afar or from Iraq in general, that the CBI will automatically trigger some RV. I did not believe that once Mosul was liberated it would RV. ...there is much more to do prior to getting to the level of SECURITY needed. Let’s also think about the needed STABILITY which is getting the new Iraqi constitution “fully” implemented. We just have to wait and watch the saga play out and hope that nothing HUGE happens along the way to disturb the process. We also see the 2018 elections coming up in the horizon and once again we have to be cautious that they RV prior to this timeframe...
8-5-2017 Newshound Guru 1bobby Article: "Abbadi consultant: external funding sources for the 2017 budget deficits amounting to three billion dollars." Quote: "Central Bank and Finance Ministry and other agencies Goals and plans contained in the agreement will give an important signal ahead of major international institutions and States to provide funding and facilities to support the financial situation in Iraq by supporting funding for the State budget and multiple projects as paving the IMF's statement to the third review which will start in the month of September next to continue with the programme and the consequent to an external support Iraq." [It sounds like they want this new economic engine switched on between now and their September review meeting.] I don't think anyone would argue your point. The IMF issues these monies expecting certain benchmarks to either be adhered to and or addressed. With Mosul out of the way, there are no more excuses for the GOI, Parliament and the CBI to progress at a faster pace. Not taking away from Tel Afar or Hawija as hot spots as far as ISIS.
8-5-2017 Intel Guru Frank26 Sanctions are a separate part from the IQD's MR...But would be greatly influenced in a positive direction if the 3 000's were lifted...IMO. ...we feel they are lifted and the evidence of their INTERNATIONALISM INSIDE of Iraq at the moment proclaims it. ...concerning the MR...IMO...AUGUST is a month of...Acclimation...(wink) Finally...IMO!... One can not follow a consistency with the MR because the Rule Makers are bending them for IRAQ's MR at this moment. You see...When LIGHT travels faster that it's own Speed...LIGHT tend to bend as well.
8-5-2017 Newshound Guru Kaperoni Article: "Iraqi bonds are offered in the Irish market at a rate of 6.752% per annum" [Can they do this if the currency isn't internationally recognized?] Sure they can...they sell them in dollars. ...keep in mind the dinar is internationally recognized as it is the currency of Iraq. There are no restrictions preventing a banking institution from converting it if they so choose to do so, they just don't because because the CBI is in Article XIV. Until they meet the requirement of Article VIII and accept those conditions, the worlds financial system will mostly stay clear of it. Think of Article VIII as a standard to participate, not a requirement.
8-5-2017 Newshound Guru Breitling You guys have to understand the way they set this up for it to move forward…[when] they put the currency [dinar] out, the first thing they did was to dampen it down. It’s not a market rate ladies and gentlemen…They artificially kept it down…the pressure they are fighting against is going to cause it to go back up. it’s that simple….What did Iraq use to push the value of their currency down? They used the U.S. dollar…That’s what artificially helped keep the dinar down. The justification Report…went to…the Ministry of Finance, the Ministry of Planning and the CBI and specifically said that we want to get it back to $3. This is well recorded… [Post 1 of 2. Stay tuned for the rest of the story]
8-5-2017 Newshound/Intel Guru Mnt Goat Article: "Reuters: Iraqi general sees easy victory over exhausted IS fighters in Tal Afar" Just so you know, I am not presenting this article because I believe that once ISIS is gone from Tal Afar or from Iraq in general, that the CBI will automatically trigger some RV. I did not believe that once Mosul was liberated it would RV. ...there is much more to do prior to getting to the level of SECURITY needed. Let’s also think about the needed STABILITY which is getting the new Iraqi constitution “fully” implemented. We just have to wait and watch the saga play out and hope that nothing HUGE happens along the way to disturb the process. We also see the 2018 elections coming up in the horizon and once again we have to be cautious that they RV prior to this timeframe...
8-5-2017 Newshound Guru 1bobby Article: "Abbadi consultant: external funding sources for the 2017 budget deficits amounting to three billion dollars." Quote: "Central Bank and Finance Ministry and other agencies Goals and plans contained in the agreement will give an important signal ahead of major international institutions and States to provide funding and facilities to support the financial situation in Iraq by supporting funding for the State budget and multiple projects as paving the IMF's statement to the third review which will start in the month of September next to continue with the programme and the consequent to an external support Iraq." [It sounds like they want this new economic engine switched on between now and their September review meeting.] I don't think anyone would argue your point. The IMF issues these monies expecting certain benchmarks to either be adhered to and or addressed. With Mosul out of the way, there are no more excuses for the GOI, Parliament and the CBI to progress at a faster pace. Not taking away from Tel Afar or Hawija as hot spots as far as ISIS.
8-4-2017 Newshound Guru Kaperoni Article: "Announced the restoration of all his money and heading to leave Chapter VII sanctions" Quote: "The spokesman predicted that the end of this year to end all the burdens of Chapter VII resolutions carried by Iraq "because of what committed by the dictatorial regime of policies and follies tied Iraq 's money and led to her detention by international organizations." [Is this needed before the currency can go international?] This is an interesting question...Iraq is a proud country. I would think they would want to say to the world we have our own currency and it is internationally convertible worldwide. Is it a requirement? Probably not, but I bet they try hard to accomplish currency reform and status in Article VIII very soon. After all, they have little time to waste if they want foreign investors or investment.
8-4-2017 Newshound Guru G-Lin Next month's Art. IV consultation in it's entire by IMF should be an interesting read. And if Iraq is released completely from Chap. 7 restrictions by the end of the year, 2018 might be our year. Could it happen sooner? Sure. I would think Abadi might love to take all the credit before the elections but they need to get their ducks in order. They have been moving at a break neck speed since Mosul was liberated. Shocking really the amount of investors kicking down the doors. And Iraq using their own currency in the latest bond offered is interesting. Lots going on. Also this Commercial Agency Law that was read yesterday for the second time, may have the investment laws we have been looking for. It may pass tomorrow in Parl. and when it is published we could see a lot of what we need. Buckle up. It is moving fast now. As usual all is JMO. [post 2 of 2]
8-4-2017 Newshound Guru G-Lin Article: "Kurdish delegation to visit Baghdad next week on the referendum " Quote: "delegation from the Supreme Council for the referendum in the province of Kordesta to the capital Baghdad, next week, to hold official talks with federal government officials on the independence of the Kurdistan region." I personally do not see this being a quick occurrence. It may succeed in the vote in Kurdistan but that is just the beginning. This would be a monumental change. However, with all of the above going on, the monetary reforms are moving forward. I don't think there is anything politically that can stop the forward progress being accomplished. [post 1 of 2....stay tuned]
8-4-2017 Intel/Newshound Guru tman23 [So what are your thoughts on the 1 to 1...?] The 1-1 is something Shabibi said that we know was a fact... 1-1 makes sense as he said...easy for people to understand... So I believe the 1-1 would have more odds of what we see occur...but as of right now Nothing has changed.
8-4-2017 Intel Guru Bruce How do we know that? We know certain people with the Qi cards even in Iraq...had access to new funds from oil and gas exploration, the shared profits from oil was actually on their cards. ...Iraqi citizens outside of Iraq also have those cards and they were noticing certain fluctuating in the rates on those cards as they started to increase. Those rates started to increase to the point all of sudden they hit that rate we talked about in the past. When I hear the stuff of 1:1, I just laugh. They have had a rate on their cards, debit cards for maybe a year now in the $4 to $5 dollar range. Forget the 1:1. What about what Dr Shabbi said in 2012 about the rate? Remember he said the rate that Iraq could sustain? I wouldn’t be surprised by it at all. Iraq is basically done. They just need to reveal that rate....and they have a limited amount of time according to the IMF to do that. I think we are getting close to the end of that window...we are right there at the end of the ride. [post 2 of 2]
8-4-2017 Intel Guru Bruce ...the IMF meeting which was on Tuesday morning...was a success, and it was such a success that the IMF congratulated CBI of Iraq for providing what it was they needed to provide...doing that actually earlier or more quickly than anticipated by the IMF. They did come with a rate, whatever it was IMF was looking for and they checked all the boxes. That was very positive. They congratulated the CBI for having done that. As far as what has occurred since that meeting we...understand that Iraq has 72 hours to release the rate, or have the rate out and visible for all the world to see. I think we are coming up to fairly closely sometime late tonight or tomorrow [Friday] hitting that 72 hour period. What is interesting is Iraq did what they needed to do and also had an anti money laundering law that was voted on and needed to be enacted, put into law. I believe that has occurred. I believe the only thing that I can see that Iraq needs to do is make that rate for the Dinar, the new Iraqi Dinar known, put that rate out. [post 1 of 2....stay tuned]
8-4-2017 Intel Guru RayRen98 Iraqi TV is reporting the CBI governor, Allaq, indicating that finalization of the economic reforms should be obtained in 3 weeks with a review of the budget set for August 21, 2017. It is anticipated that the reforms should maximize and conclude at that time. The budget review by the federal court has been postponed until August 21, 2017 also. Written articles are somewhat contrary to the TV reporting...hmmm?
8-4-2017 Intel/Newshound Guru tman23 "Iraq studies oil swap for reconstruction 1st August, 2017 Iraq's oil and energy committee unveiled a proposal to swap oil for the reconstruction of terrorism-hit areas with major powers, notably the United States..." THIS FITS THE NARRATIVE FOR THE IQD SPECULATORS WHO WERE OF THE MINDSET THAT THE IQD WOULD BE HELD FOR OIL CREDITS BY FOREIGN GOVERNMENTS...
8-4-2017 Newshound/Intel Guru Mnt Goat Article: "The Ministry of Justice is implementing the electronic payment project for the salaries of its employees" Implementing yet another ministry, as the CBI moves to get each ministry electronic. The electronic banking is all part of the process to delete the zeros. So they are moving forward with the process slowly.
8-4-2017 Newshound Guru G-Lin Next month's Art. IV consultation in it's entire by IMF should be an interesting read. And if Iraq is released completely from Chap. 7 restrictions by the end of the year, 2018 might be our year. Could it happen sooner? Sure. I would think Abadi might love to take all the credit before the elections but they need to get their ducks in order. They have been moving at a break neck speed since Mosul was liberated. Shocking really the amount of investors kicking down the doors. And Iraq using their own currency in the latest bond offered is interesting. Lots going on. Also this Commercial Agency Law that was read yesterday for the second time, may have the investment laws we have been looking for. It may pass tomorrow in Parl. and when it is published we could see a lot of what we need. Buckle up. It is moving fast now. As usual all is JMO. [post 2 of 2]
8-4-2017 Newshound Guru G-Lin Article: "Kurdish delegation to visit Baghdad next week on the referendum " Quote: "delegation from the Supreme Council for the referendum in the province of Kordesta to the capital Baghdad, next week, to hold official talks with federal government officials on the independence of the Kurdistan region." I personally do not see this being a quick occurrence. It may succeed in the vote in Kurdistan but that is just the beginning. This would be a monumental change. However, with all of the above going on, the monetary reforms are moving forward. I don't think there is anything politically that can stop the forward progress being accomplished. [post 1 of 2....stay tuned]
8-4-2017 Intel/Newshound Guru tman23 [So what are your thoughts on the 1 to 1...?] The 1-1 is something Shabibi said that we know was a fact... 1-1 makes sense as he said...easy for people to understand... So I believe the 1-1 would have more odds of what we see occur...but as of right now Nothing has changed.
8-4-2017 Intel Guru Bruce How do we know that? We know certain people with the Qi cards even in Iraq...had access to new funds from oil and gas exploration, the shared profits from oil was actually on their cards. ...Iraqi citizens outside of Iraq also have those cards and they were noticing certain fluctuating in the rates on those cards as they started to increase. Those rates started to increase to the point all of sudden they hit that rate we talked about in the past. When I hear the stuff of 1:1, I just laugh. They have had a rate on their cards, debit cards for maybe a year now in the $4 to $5 dollar range. Forget the 1:1. What about what Dr Shabbi said in 2012 about the rate? Remember he said the rate that Iraq could sustain? I wouldn’t be surprised by it at all. Iraq is basically done. They just need to reveal that rate....and they have a limited amount of time according to the IMF to do that. I think we are getting close to the end of that window...we are right there at the end of the ride. [post 2 of 2]
8-4-2017 Intel Guru Bruce ...the IMF meeting which was on Tuesday morning...was a success, and it was such a success that the IMF congratulated CBI of Iraq for providing what it was they needed to provide...doing that actually earlier or more quickly than anticipated by the IMF. They did come with a rate, whatever it was IMF was looking for and they checked all the boxes. That was very positive. They congratulated the CBI for having done that. As far as what has occurred since that meeting we...understand that Iraq has 72 hours to release the rate, or have the rate out and visible for all the world to see. I think we are coming up to fairly closely sometime late tonight or tomorrow [Friday] hitting that 72 hour period. What is interesting is Iraq did what they needed to do and also had an anti money laundering law that was voted on and needed to be enacted, put into law. I believe that has occurred. I believe the only thing that I can see that Iraq needs to do is make that rate for the Dinar, the new Iraqi Dinar known, put that rate out. [post 1 of 2....stay tuned]
8-4-2017 Intel Guru RayRen98 Iraqi TV is reporting the CBI governor, Allaq, indicating that finalization of the economic reforms should be obtained in 3 weeks with a review of the budget set for August 21, 2017. It is anticipated that the reforms should maximize and conclude at that time. The budget review by the federal court has been postponed until August 21, 2017 also. Written articles are somewhat contrary to the TV reporting...hmmm?
8-4-2017 Intel/Newshound Guru tman23 "Iraq studies oil swap for reconstruction 1st August, 2017 Iraq's oil and energy committee unveiled a proposal to swap oil for the reconstruction of terrorism-hit areas with major powers, notably the United States..." THIS FITS THE NARRATIVE FOR THE IQD SPECULATORS WHO WERE OF THE MINDSET THAT THE IQD WOULD BE HELD FOR OIL CREDITS BY FOREIGN GOVERNMENTS...
8-4-2017 Newshound/Intel Guru Mnt Goat Article: "The Ministry of Justice is implementing the electronic payment project for the salaries of its employees" Implementing yet another ministry, as the CBI moves to get each ministry electronic. The electronic banking is all part of the process to delete the zeros. So they are moving forward with the process slowly.
8-3-2017 Newshound Guru Adam Montana [what is your take on their statement of establishing the National Oil Company and then doing the HCL?] I don't think the National Oil Company is a prerequisite to move forward on the HCL. [If the Kurdish separate from Iraq, will they still use the Iraq Dinar? Whats your opinion how this would effect our investment?] It's my opinion that will never happen.
8-3-2017 Newshound/Intel Guru Mnt Goat Article: "Parliament: The law "National Oil" will be ready to vote soon" Remember parliament was holding back on the final vote of the updated HCL sitting there now for over a year. So this National Oil law is NOT the HCL but it may be in part holding back the final vote of the HCL changes, now sitting in parliament. Quote: "We will meet with the Kurdistan government during the next week; to reach a formula for agreement on the draft law, and we expect to pass it after." ...let’s hope it’s just weeks not months.
8-3-2017 Newshound Guru Aggiedad77 [Guru] Delta...great confirmation of an article...that confirmed the disbursement of the Escrow account to Iraq from the UN. Articles: "Iraq announces the restoration of 131 million dollars of its assets held by the United Nations" "Iraq recovers its assets under the United Nations under the oil-forfood program" [reference Guru Delta post 8-3-2017]
8-3-2017 Intel Guru Delta URGENT FROM IRAQI TV: IRAQ RECOVERED ITS ASSETS HELD BY UN REGARDING THE COMPLETION OF IRAQIS OBLIGATION RELATING TO HIS RELEASE FROM CHAPTER VII.
8-3-2017 Newshound Guru Kaperoni Article: "IMF Executive Board Completes Second Review of IraqÂ?s Stand-By Arrangement and the 2017 Article IV Consultation" The good news is when push comes to shove, parliament will pass legislation as seen with the recent supplemental budget. Iraq needs money now, and IMO there is no time to waste to create the conditions for investment and a private sector. We wait and see...
8-3-2017 Newshound Guru Adam Montana Then, after many ups and downs... there it is. "The one". You see it coming, a smile crosses your face, and you start paddling. The force of the wave picks you up, starts pushing you forward, and you're about to stand up... and the momentum fades. You shrug and turn around, and paddle back out. Repeat. A beginner surfer might get discouraged at this. "Dang! I guess I'll never catch a wave!" Does that sound like our current situation? It does to me. But that's the wrong way to look at it, it's the wrong way to wait for "the one". Thinking like that will distract you, and you'll be whining about how that last wave set you up for disappointment... and you won't be ready to paddle like mad when the REAL wave comes. That's where we are, and yes this entire post was a metaphor. Just like the ocean is surely going to create a wave worthy of surfing on, we are certainly in the right spot to ride that wave, if we are only ready to paddle like mad when it comes. [post 2 of 2]
8-3-2017 Newshound Guru Adam Montana It's Wednesday, and I hate to be the bearer of "no news", but I prefer that to "bad news"! We seem to have hit another lull in the dinar, and as I was laying in bed this morning rubbing the cobwebs out of my eyes, I thought back to my days as a teenager when I used to hitchhike to the beach with my surfboard. Anyone who has surfed will know this feeling well...you paddle out, find your spot, and hang out for a bit. Sometimes the wave you will ride comes right away, but most of the time it does not. So you sit there, treading water, rising with the surge, and then going down the back of what could have been a wave but it just wasn't the one. That is how I feel we are right now. It's not a bad place to be, not by any means! We get a swell, and wonder if "this is the one", but it passes without breaking in our favor. [post 1 of 2...stay tuned]
8-3-2017 Newshound/Intel Guru Mnt Goat The Central Bank of Iraq in a statement received, Alsumaria News, "The International Monetary Fund congratulated the Central Bank and the Ministry of Finance and the Prime Minister on the success of the second audit consultations and the Convention on credit readiness after the implementation of programs and financial and monetary targets and placed in a framework that provides financial stability for Iraq and face Financial and security challenges ". This review will pave the third revision , which will begin in the month of September next action. Remember the IMF is not obligated to pay Iraq another installment on the SBA loan if they do not implement the needed reforms and make progress as agreed in their MOU dated all the way back to 2015. [post 2 of 2]
8-3-2017 Newshound/Intel Guru Mnt Goat So we heard about the second audit review Iraq had with the IMF...8/1. ...this meeting was not all about the RV and approving the new rate...I am sure they talked about this event but trust me it was not about "pulling the trigger" this week. Many say that even if the meeting was all about the RV they wouldn't tell us anyway and make it so open and public. I believe just the opposite. The CBI is not hiding this event folks. They have no reason to hide it. They are very proud to bring back their currency to its former glory. The CBI also told the public in Iraq many times they will educate them along the way. We expect it to happen again, when the time is ready. The reason we have not yet seen this is that they are NOT YET READY. [post 1 of 2....stay tuned]
8-3-2017 Newshound/Intel Guru Mnt Goat Article: "Parliament: The law "National Oil" will be ready to vote soon" Remember parliament was holding back on the final vote of the updated HCL sitting there now for over a year. So this National Oil law is NOT the HCL but it may be in part holding back the final vote of the HCL changes, now sitting in parliament. Quote: "We will meet with the Kurdistan government during the next week; to reach a formula for agreement on the draft law, and we expect to pass it after." ...let’s hope it’s just weeks not months.
8-3-2017 Newshound Guru Aggiedad77 [Guru] Delta...great confirmation of an article...that confirmed the disbursement of the Escrow account to Iraq from the UN. Articles: "Iraq announces the restoration of 131 million dollars of its assets held by the United Nations" "Iraq recovers its assets under the United Nations under the oil-forfood program" [reference Guru Delta post 8-3-2017]
8-3-2017 Intel Guru Delta URGENT FROM IRAQI TV: IRAQ RECOVERED ITS ASSETS HELD BY UN REGARDING THE COMPLETION OF IRAQIS OBLIGATION RELATING TO HIS RELEASE FROM CHAPTER VII.
8-3-2017 Newshound Guru Kaperoni Article: "IMF Executive Board Completes Second Review of IraqÂ?s Stand-By Arrangement and the 2017 Article IV Consultation" The good news is when push comes to shove, parliament will pass legislation as seen with the recent supplemental budget. Iraq needs money now, and IMO there is no time to waste to create the conditions for investment and a private sector. We wait and see...
8-3-2017 Newshound Guru Adam Montana Then, after many ups and downs... there it is. "The one". You see it coming, a smile crosses your face, and you start paddling. The force of the wave picks you up, starts pushing you forward, and you're about to stand up... and the momentum fades. You shrug and turn around, and paddle back out. Repeat. A beginner surfer might get discouraged at this. "Dang! I guess I'll never catch a wave!" Does that sound like our current situation? It does to me. But that's the wrong way to look at it, it's the wrong way to wait for "the one". Thinking like that will distract you, and you'll be whining about how that last wave set you up for disappointment... and you won't be ready to paddle like mad when the REAL wave comes. That's where we are, and yes this entire post was a metaphor. Just like the ocean is surely going to create a wave worthy of surfing on, we are certainly in the right spot to ride that wave, if we are only ready to paddle like mad when it comes. [post 2 of 2]
8-3-2017 Newshound Guru Adam Montana It's Wednesday, and I hate to be the bearer of "no news", but I prefer that to "bad news"! We seem to have hit another lull in the dinar, and as I was laying in bed this morning rubbing the cobwebs out of my eyes, I thought back to my days as a teenager when I used to hitchhike to the beach with my surfboard. Anyone who has surfed will know this feeling well...you paddle out, find your spot, and hang out for a bit. Sometimes the wave you will ride comes right away, but most of the time it does not. So you sit there, treading water, rising with the surge, and then going down the back of what could have been a wave but it just wasn't the one. That is how I feel we are right now. It's not a bad place to be, not by any means! We get a swell, and wonder if "this is the one", but it passes without breaking in our favor. [post 1 of 2...stay tuned]
8-3-2017 Newshound/Intel Guru Mnt Goat The Central Bank of Iraq in a statement received, Alsumaria News, "The International Monetary Fund congratulated the Central Bank and the Ministry of Finance and the Prime Minister on the success of the second audit consultations and the Convention on credit readiness after the implementation of programs and financial and monetary targets and placed in a framework that provides financial stability for Iraq and face Financial and security challenges ". This review will pave the third revision , which will begin in the month of September next action. Remember the IMF is not obligated to pay Iraq another installment on the SBA loan if they do not implement the needed reforms and make progress as agreed in their MOU dated all the way back to 2015. [post 2 of 2]
8-3-2017 Newshound/Intel Guru Mnt Goat So we heard about the second audit review Iraq had with the IMF...8/1. ...this meeting was not all about the RV and approving the new rate...I am sure they talked about this event but trust me it was not about "pulling the trigger" this week. Many say that even if the meeting was all about the RV they wouldn't tell us anyway and make it so open and public. I believe just the opposite. The CBI is not hiding this event folks. They have no reason to hide it. They are very proud to bring back their currency to its former glory. The CBI also told the public in Iraq many times they will educate them along the way. We expect it to happen again, when the time is ready. The reason we have not yet seen this is that they are NOT YET READY. [post 1 of 2....stay tuned]
8-2-2017 Intel Guru RayRen98 [What are your sources saying (if anything) as to whether or not there is something else that needs to be completed before the raising of the value of their currency?] The statements in country seem to be saying that nothing else needs to be done. If the reports of 1:1 are correct, we are just waiting for the last pieces to fall into place. [Do you think we are realistically still a GO for This Week?] Yes.
8-2-2017 Newshound/Intel Guru Mnt Goat I want everyone not to assume that I am still not optimistic about a significant revaluation of the Iraqi dinar coming soon. I can see all the signs that they will bring back the IQD to its “former glory” soon. It will not take years and I am still looking for it sometime this year. But you have to remember that their economy can only take so much growth and then something must happen or simply put - who would want to come into Iraq to invest if they can’t grow their money?
8-2-2017 Newshound Guru G-Lin "In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges." However, this says they will have a third review in Sept. on Iraq's monetary policy. That's unusal and I like it.
8-2-2017 Intel Guru RayRen98 We are getting some cross-reporting, with articles, and then Iraqi citizens telling us what’s on the television. The articles are saying that the IMF meeting was positive and favorable; one article said, “No trophy yet”, and Iraqi television said that Iraq didn’t meet the requirements of revaluing the rate and eliminating dual currencies. On the IMF site itself, it said that a disbursement was approved (800+ trillion) that Iraq was waiting to receive. There will possibly be a press conference today. Reports came out that the salaries were moved from this week to next week – August 6-7 for military pay and August 8-9 for retirees, at a 1:1 in-country rate. Then a couple of sources claimed yesterday that the rate in-country 1:1. We are looking for the CBI posting 1:1 and an international rate. Time will tell, but we do feel we are in the window, based on the information given.
8-2-2017 Intel Guru Frank26 In conclusion...we all know that without the currency reform they can’t move forward. I do believe the 1-to-1 100%. They have to IMPLEMENT the reforms to the IMF. The IMF should approve it tomorrow [Tuesday]. If so...they’re got the GREEN-LIGHT and they are ready to go and pull the trigger. Everything spells INTERNATIONALISM! They just need to announce it! [post 2 of 2]
8-2-2017 Intel Guru Bruce What we are hearing from Iraq’s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]... I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards. ...Today this morning for the citizens in Iraq, those cards were live and accessible. They were able to access those funds at the new rates... That has to tell us that we are very close. ...I think the IMF meeting was an overall success. I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully. I believe they had that rate approved today.
8-2-20217 Intel Guru Delta ...we could see “out the door” more than one dollar...maybe 1.15 or 1.20...even up to 1.42 is possible...because of them adding inflation...so 1 to 1 would be the bare minimum we could see...and the other reason I think we will see it come out higher than 1 to 1 is that at that rate it is what the Iraqi citizens are used to seeing...a dollar...but anything higher will be very good for them...IMO I think we will see 1.13-1.20 after inflation is added to it.
8-2-2017 Newshound Guru Stryker IMF Executive Board Completes Second Review of Iraq’s Stand-By Arrangement and the 2017 Article IV Consultation.
8-2-2017 Newshound/Intel Guru Mnt Goat I want everyone not to assume that I am still not optimistic about a significant revaluation of the Iraqi dinar coming soon. I can see all the signs that they will bring back the IQD to its “former glory” soon. It will not take years and I am still looking for it sometime this year. But you have to remember that their economy can only take so much growth and then something must happen or simply put - who would want to come into Iraq to invest if they can’t grow their money?
8-2-2017 Newshound Guru G-Lin "In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges." However, this says they will have a third review in Sept. on Iraq's monetary policy. That's unusal and I like it.
8-2-2017 Intel Guru RayRen98 We are getting some cross-reporting, with articles, and then Iraqi citizens telling us what’s on the television. The articles are saying that the IMF meeting was positive and favorable; one article said, “No trophy yet”, and Iraqi television said that Iraq didn’t meet the requirements of revaluing the rate and eliminating dual currencies. On the IMF site itself, it said that a disbursement was approved (800+ trillion) that Iraq was waiting to receive. There will possibly be a press conference today. Reports came out that the salaries were moved from this week to next week – August 6-7 for military pay and August 8-9 for retirees, at a 1:1 in-country rate. Then a couple of sources claimed yesterday that the rate in-country 1:1. We are looking for the CBI posting 1:1 and an international rate. Time will tell, but we do feel we are in the window, based on the information given.
8-2-2017 Intel Guru Frank26 In conclusion...we all know that without the currency reform they can’t move forward. I do believe the 1-to-1 100%. They have to IMPLEMENT the reforms to the IMF. The IMF should approve it tomorrow [Tuesday]. If so...they’re got the GREEN-LIGHT and they are ready to go and pull the trigger. Everything spells INTERNATIONALISM! They just need to announce it! [post 2 of 2]
8-2-2017 Intel Guru Bruce What we are hearing from Iraq’s point of view is they were going to have the IMF meeting in Iraq today [Tuesday]... I do know that things have occurred over there with the Iraqi citizenry where they do have a new rates and do have their new Qi cards which I refer to they have a share of the oil and gas exploration revenue on those cards. ...Today this morning for the citizens in Iraq, those cards were live and accessible. They were able to access those funds at the new rates... That has to tell us that we are very close. ...I think the IMF meeting was an overall success. I believe what Iraq needed to do is present their rate to the IMF today and I believe they did that successfully. I believe they had that rate approved today.
8-2-20217 Intel Guru Delta ...we could see “out the door” more than one dollar...maybe 1.15 or 1.20...even up to 1.42 is possible...because of them adding inflation...so 1 to 1 would be the bare minimum we could see...and the other reason I think we will see it come out higher than 1 to 1 is that at that rate it is what the Iraqi citizens are used to seeing...a dollar...but anything higher will be very good for them...IMO I think we will see 1.13-1.20 after inflation is added to it.
8-2-2017 Newshound Guru Stryker IMF Executive Board Completes Second Review of Iraq’s Stand-By Arrangement and the 2017 Article IV Consultation.
8-1-2017 Intel Guru Frank26 ...too much ARTICLE VIII talk...(on paper)...and IMO...they will hand that in to the IMF tomorrow [Tuesday]. It’s becomes more and more obvious that IMO … the lifting of the 3 zeros happened in those 90 days. The government workers get paid on the last Thursday of every month. On the 21st they got paid … and on paper … IMO .. they got paid 1 to 1. The next time … I believe they will transition from 1 to 1 to finally giving them the new rate. BTW – we found something else...Iraq’s equivalent of the USA’s eBay. It’s interesting how things match up with a 1 to 1 rate. Our friend has not called us yet...but the last time we talked to him...he told us that the LD’s and the COINS are on the table. I believe that they are ready to go. It’s all great news! [post 1 of 2....stay tuned]
8-1-2017 Intel Guru Delta Iraq wants to attract investors. As you know...words like “in the coming days” and “soon” don’t mean much. LOL. They said that in order to attract investors, they must change the exchange rate. They told them...the board of directors...they will consider...basically Iraq is all ready to go. As soon as they go to the IMF and come back – we are expecting to see great things. The IMF already told Iraq what they need to do. There is no point in showing up unless they have those things done. Iraq must meet the demands of the IMF. They need to show the TRUE rate. [post 2 of 2]
8-1-2017 Intel Guru Delta More confirmation that the LD’s are printed. May & June documents...looks like they have profit/loss...and in the expenses...a “new currency.” In May I believe they issued those notes. About 4 Million + 5 Million dollars was spent on printing...then in June, more printing. Whatever they printed wasn’t that much – so could the rate be higher than what we expected...or are they planning on more eDinars? It’s possible that we may see the rate higher than 1-to-1. Up until now, we haven’t had any proof – but now it looks like we have confirmation that they have been printed. We will have 1 and 2 dinar coins. I found this to be very, very exciting. They are about to do it. We are really very close. This information is NOT on the English site... I believe that we are really, really close based on this information. They might really pull the trigger after they return from the IMF meeting. [post 1 of 2....stay tuned]
8-1-2017 Newshound Guru chattels Restoration of law and order/removal of DAESH,Reconstruction/ Reconciliation. Sovereign integrity, security and stability. Reconstruction is an opportunity for reconciliation. Without Reconciliation Iraq will fail as a state. From everything I read and consider important to our liquidity event it will be 2018 at the earliest, but there may be some macroeconomic deus ex machina unintelligible to me.
8-1-2017 Intel Guru Delta [On July 26th you said...that... "...When you know the LD's are about to come out...we'll see the rate first."and again... "The IMF told the GOI to lift the restrictions. All they need is the rate. They need the rate BEFORE the LD's." Question: Were you talking IYO about any rate (which could be used within Iraq ONLY) or the "TRUE RATE" (an international rate, Forex, etc. type)?] TRUE RATE...INTERNATIONAL!
8-1-2017 Newshound/Intel Guru Mnt Goat Article quote: "It cannot accomplish its task unless accompanied by additional laws and procedures in support for the decentralized system of government." Everyone needs to remember its 2017 and so much progress has already been made for the needed laws to implement these articles of the constitution. But this “decentralization” effort is huge and... encompasses many laws. So maybe we should also look for more news coming out on this “de-centralization” effort too to give us a sign as to how close the RV really is? [post 2 of 2]
8-1-2017 Newshound/Intel Guru Mnt Goat "No exit for Iraq without decentralization" ...they are taking about existing [exiting ?] from Chapter VII sanctions. Iraq is still under financial sanctions resulting from Chapter VII sanctions under the UN charter for member nations, who disobey the articles of membership. Iraq attacked Kuwait also a member nation. Once under sanctions it is very hard to get out of them especially once they go to war and are occupied. This puts the country under an entire umbrella of scrutiny. Its like the have to start all over. Kuwait reinstated their currency but Kuwait was not under sanctions. They just had their currency shut off due to the war so Saddam Hussein could not use it for his aims. Remember how quickly is was reinstated? This has not and is not going to be the case with Iraq. They must first “start over” with an entirely new government... They must institute and implement their constitution “fully”. [post 1 of 2....stay tuned]
8-1-2017 Intel Guru Delta Iraq wants to attract investors. As you know...words like “in the coming days” and “soon” don’t mean much. LOL. They said that in order to attract investors, they must change the exchange rate. They told them...the board of directors...they will consider...basically Iraq is all ready to go. As soon as they go to the IMF and come back – we are expecting to see great things. The IMF already told Iraq what they need to do. There is no point in showing up unless they have those things done. Iraq must meet the demands of the IMF. They need to show the TRUE rate. [post 2 of 2]
8-1-2017 Intel Guru Delta More confirmation that the LD’s are printed. May & June documents...looks like they have profit/loss...and in the expenses...a “new currency.” In May I believe they issued those notes. About 4 Million + 5 Million dollars was spent on printing...then in June, more printing. Whatever they printed wasn’t that much – so could the rate be higher than what we expected...or are they planning on more eDinars? It’s possible that we may see the rate higher than 1-to-1. Up until now, we haven’t had any proof – but now it looks like we have confirmation that they have been printed. We will have 1 and 2 dinar coins. I found this to be very, very exciting. They are about to do it. We are really very close. This information is NOT on the English site... I believe that we are really, really close based on this information. They might really pull the trigger after they return from the IMF meeting. [post 1 of 2....stay tuned]
8-1-2017 Newshound Guru chattels Restoration of law and order/removal of DAESH,Reconstruction/ Reconciliation. Sovereign integrity, security and stability. Reconstruction is an opportunity for reconciliation. Without Reconciliation Iraq will fail as a state. From everything I read and consider important to our liquidity event it will be 2018 at the earliest, but there may be some macroeconomic deus ex machina unintelligible to me.
8-1-2017 Intel Guru Delta [On July 26th you said...that... "...When you know the LD's are about to come out...we'll see the rate first."and again... "The IMF told the GOI to lift the restrictions. All they need is the rate. They need the rate BEFORE the LD's." Question: Were you talking IYO about any rate (which could be used within Iraq ONLY) or the "TRUE RATE" (an international rate, Forex, etc. type)?] TRUE RATE...INTERNATIONAL!
8-1-2017 Newshound/Intel Guru Mnt Goat Article quote: "It cannot accomplish its task unless accompanied by additional laws and procedures in support for the decentralized system of government." Everyone needs to remember its 2017 and so much progress has already been made for the needed laws to implement these articles of the constitution. But this “decentralization” effort is huge and... encompasses many laws. So maybe we should also look for more news coming out on this “de-centralization” effort too to give us a sign as to how close the RV really is? [post 2 of 2]
8-1-2017 Newshound/Intel Guru Mnt Goat "No exit for Iraq without decentralization" ...they are taking about existing [exiting ?] from Chapter VII sanctions. Iraq is still under financial sanctions resulting from Chapter VII sanctions under the UN charter for member nations, who disobey the articles of membership. Iraq attacked Kuwait also a member nation. Once under sanctions it is very hard to get out of them especially once they go to war and are occupied. This puts the country under an entire umbrella of scrutiny. Its like the have to start all over. Kuwait reinstated their currency but Kuwait was not under sanctions. They just had their currency shut off due to the war so Saddam Hussein could not use it for his aims. Remember how quickly is was reinstated? This has not and is not going to be the case with Iraq. They must first “start over” with an entirely new government... They must institute and implement their constitution “fully”. [post 1 of 2....stay tuned]
7-31-2017 Intel Guru RayRen98 Today we had some interesting develoments. A chart went out regarding buy and sell rates, so some felt that this indicated a public RV, with $100 = IQD 125. That created some discussions and interpretations, but it remains to be seen what that actually means – in-country? All areas? I don’t know. Everything seems to be hinged on tomorrow’s meeting, whether it is public release time, or WHEN that might be so. [Hopefully this meeting with the IMF will release the RV; if not, then what?] WE wait until the next day. This has always been about a plan...if we look at how this plan is unfolding, the only thing we cannot put our finger on is when it will work for US. It’s coming!
7-31-2017 Newshound Guru Kaperoni Article quote: "The next stage is required to have banks active role in providing the investment process and move the labor market and activate the capital cycle to help move all sectors..." [Geeeezzzz we've has some great articles the last few days...] Great is not strong enough... Excellent/spectacular! i think is better. We already know from another article that Iraq does not have the funding to rebuild on there own. This article then confirms that the solution is opening the banking system to the world which will facilitate investment.
7-31-2017 Newshound/Intel Guru Mnt Goat Now we see the shift in the news to cover the “de-centralization” and local taxation efforts. So now it’s all about the economy and implementing the reforms. Article quote: "The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq." This is all in the Standby Agreement of 2015 (SBA) and Iraq has been working hard to implement everything the IMF asks for in this agreement. So don’t think there is still tons of work to be done.
7-31-2017 Intel/Newshound Guru tman23 The fact is Iraq is going to lift the 3 zeros at some point in time, and the speculation is on how the 3 zero notes will be treated at exchange...The IMF has gone to great lengths to protect the CBI reserves...it is for that reason I have confidence that the currency will be honored...at what cost to us is another question...should we be required to use a dealer to exchange it back to the CBI...
7-31-2017 Newshound Guru Enorrste Article: "Hakim meets with Governor of the Central Bank of the economic reality and the reconstruction of the liberated areas" What is clear to us all is that nothing of any consequence is going to happen without large foreign investment. The damage is too great. Furthermore, foreign investment won't occur unless the dinar is internationally accepted. Therefore it appears clear to me that they are preparing to open the dinar to the world.
7-31-2017 Newshound Guru Kaperoni Article quote: "The next stage is required to have banks active role in providing the investment process and move the labor market and activate the capital cycle to help move all sectors..." [Geeeezzzz we've has some great articles the last few days...] Great is not strong enough... Excellent/spectacular! i think is better. We already know from another article that Iraq does not have the funding to rebuild on there own. This article then confirms that the solution is opening the banking system to the world which will facilitate investment.
7-31-2017 Newshound/Intel Guru Mnt Goat Now we see the shift in the news to cover the “de-centralization” and local taxation efforts. So now it’s all about the economy and implementing the reforms. Article quote: "The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq." This is all in the Standby Agreement of 2015 (SBA) and Iraq has been working hard to implement everything the IMF asks for in this agreement. So don’t think there is still tons of work to be done.
7-31-2017 Intel/Newshound Guru tman23 The fact is Iraq is going to lift the 3 zeros at some point in time, and the speculation is on how the 3 zero notes will be treated at exchange...The IMF has gone to great lengths to protect the CBI reserves...it is for that reason I have confidence that the currency will be honored...at what cost to us is another question...should we be required to use a dealer to exchange it back to the CBI...
7-31-2017 Newshound Guru Enorrste Article: "Hakim meets with Governor of the Central Bank of the economic reality and the reconstruction of the liberated areas" What is clear to us all is that nothing of any consequence is going to happen without large foreign investment. The damage is too great. Furthermore, foreign investment won't occur unless the dinar is internationally accepted. Therefore it appears clear to me that they are preparing to open the dinar to the world.
7-30-2017 Newshound Guru Enorrste Article: "Governor of the Central Bank of Iraq: expect economic movement in the next stage" ...this is opening the door to foreign investment. Quote: "noting that "Iraq will be able to attract foreign investment because of the stability of the security situation and increase the number of investment opportunities." Therefore...we should expect the dinar to be opened to the world market very soon. There will be no foreign investment without an internationally tradable currency.
7-30-2017 Intel/Newshound Guru tman23 The Kurds are applying a force...For years foreign interest has been wanting to do business in Kurdistan, even Kuwait said they prefer to do business their first...Kurdistan has over 50 foreign consulates who are NOW set up in the region...The point to be made here is...Kurdistan will explode with growth, revenue, and investments...foreign dollars will pour into the region...Baghdad plays games with the oil BUT the oil will become second in no time and they won't have control...as the dollars pour in the IQD will be booted to the curb UNLESS the zeros are removed and it has value... The CBI certainly does not want that to happen...THE KURDS ARE OUR FRIENDS!
7-30-2017 Intel Guru Delta The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq.
7-30-2017 Intel Gur Daz [new gazette but no budget...] there are two "gazettes" in iraq i think...one is a newspaper...and the other is called "iraqi facts"...the latter is similar to our congressional record and is a reporting of the ministry of planning, a gov entity. amy changes in currency would likely be part of the latter as well as a primary report.
7-30-2017 Intel Guru Delta [Mastercard is universally accepted and can be used in more than 33 million locations around the world. Stay tuned for the third generation card of to global in partnership with Mastercard... Got this from there FB page.] IT'S A WOW INFO ...THE THIRD GENERATION IS THE QI MASTER CARD ...SOME PEOPLE HAVE BEEN WAITING FOR MORE THAN SIX MONTH SINCE THE ANNOUNCEMENT... FROM QI CARD "WE ARE CURRENTLY ISSUING TO EMPLOYEES AND RETIREES OUTSIDE IRAQ IN AMMAN AND ABU DHABI" SO NOT ACTIVATED YET! THIS IS VERY BIG...WE ALL NOW [KNOW ?] THAT DOES NOT WORK WITHOUT ARTICLE 8 AND INTERNATIONAL IQD.
7-30-2017 Newshound Guru G-Lin Article Quote: "The Central will adopt in 2017 new visions of the applications of monetary policy for the purpose of achieving the objectives set out in Law 56 of 2004 and most important to maintain the exchange rate of the dinar and its value covered in foreign currency, through the construction of foreign currency reserves and In accordance with international standards in calculating the external cash reserve to cover the dinar and cover the imports entering Iraq " This is a very important art. IMO. Sounds as though they are ready to start using the dinar in trading. Maybe their meeting with the IMF next month will set them free.
7-30-2017 Intel Guru 12thman Received a call this morning...saying this will go into mid August maybe September if certain things keep dragging. Wealth manager said sorry for getting hopes up. He too was on stand by... Will post if anything comes my way. Please don't get down because we are closer than ever and with each day more is given to us.
7-30-2017 Newshound Guru MilitiaMan Article: "The law of the National Oil Company will be ready to vote in the coming weeks" The head line is not the main point imo. It is the last two paragraphs that suggest they are having a meeting next week. That could be Sunday [7-30-17]. They say they have large acceptability in the house. I bet the pressure has come to a boiling point and there is no way in world they'll kick this can into months or even weeks. Large acceptability is a majority. imo We read they came to a calculation for oil. They used (44,4) and another (8,000 dinars per barrel) in the article. So if oil is average $44.4 a barrel and it costs $8 to extract then they can budget for it. Like they just passed the 2017 and Supplemental for 2018 if I read that correctly...
7-30-2017 Intel/Newshound Guru tman23 The Kurds are applying a force...For years foreign interest has been wanting to do business in Kurdistan, even Kuwait said they prefer to do business their first...Kurdistan has over 50 foreign consulates who are NOW set up in the region...The point to be made here is...Kurdistan will explode with growth, revenue, and investments...foreign dollars will pour into the region...Baghdad plays games with the oil BUT the oil will become second in no time and they won't have control...as the dollars pour in the IQD will be booted to the curb UNLESS the zeros are removed and it has value... The CBI certainly does not want that to happen...THE KURDS ARE OUR FRIENDS!
7-30-2017 Intel Guru Delta The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq.
7-30-2017 Intel Gur Daz [new gazette but no budget...] there are two "gazettes" in iraq i think...one is a newspaper...and the other is called "iraqi facts"...the latter is similar to our congressional record and is a reporting of the ministry of planning, a gov entity. amy changes in currency would likely be part of the latter as well as a primary report.
7-30-2017 Intel Guru Delta [Mastercard is universally accepted and can be used in more than 33 million locations around the world. Stay tuned for the third generation card of to global in partnership with Mastercard... Got this from there FB page.] IT'S A WOW INFO ...THE THIRD GENERATION IS THE QI MASTER CARD ...SOME PEOPLE HAVE BEEN WAITING FOR MORE THAN SIX MONTH SINCE THE ANNOUNCEMENT... FROM QI CARD "WE ARE CURRENTLY ISSUING TO EMPLOYEES AND RETIREES OUTSIDE IRAQ IN AMMAN AND ABU DHABI" SO NOT ACTIVATED YET! THIS IS VERY BIG...WE ALL NOW [KNOW ?] THAT DOES NOT WORK WITHOUT ARTICLE 8 AND INTERNATIONAL IQD.
7-30-2017 Newshound Guru G-Lin Article Quote: "The Central will adopt in 2017 new visions of the applications of monetary policy for the purpose of achieving the objectives set out in Law 56 of 2004 and most important to maintain the exchange rate of the dinar and its value covered in foreign currency, through the construction of foreign currency reserves and In accordance with international standards in calculating the external cash reserve to cover the dinar and cover the imports entering Iraq " This is a very important art. IMO. Sounds as though they are ready to start using the dinar in trading. Maybe their meeting with the IMF next month will set them free.
7-30-2017 Intel Guru 12thman Received a call this morning...saying this will go into mid August maybe September if certain things keep dragging. Wealth manager said sorry for getting hopes up. He too was on stand by... Will post if anything comes my way. Please don't get down because we are closer than ever and with each day more is given to us.
7-30-2017 Newshound Guru MilitiaMan Article: "The law of the National Oil Company will be ready to vote in the coming weeks" The head line is not the main point imo. It is the last two paragraphs that suggest they are having a meeting next week. That could be Sunday [7-30-17]. They say they have large acceptability in the house. I bet the pressure has come to a boiling point and there is no way in world they'll kick this can into months or even weeks. Large acceptability is a majority. imo We read they came to a calculation for oil. They used (44,4) and another (8,000 dinars per barrel) in the article. So if oil is average $44.4 a barrel and it costs $8 to extract then they can budget for it. Like they just passed the 2017 and Supplemental for 2018 if I read that correctly...
7-29-2017 Newshound Guru Aggiedad77 Article: "The law of the National Oil Company will be ready to vote in the coming weeks" Can you smell that money...I mean oil...it's coming...the HCL...for the citizens...for the world...for us...IMO...the BEST is coming.
7-29-2017 Intel Guru Bluwolf Main Source is informing me to tell all that we are in the highest of alerts ever. And that the number we are waiting for is to be imminently released.
7-29-2017 Newshound/Intel Guru Mnt Goat So what’s the big deal about Article 140 and Article 120 anyhow? Why is it so important for the KRG to implement it? The constitution must be “fully” implemented to get out of sanctions. The answer to the problems lie in all the oil revenue generated from Kurkuk. There is plenty of nice rich oil in the region. The KRG wants it included under the KRG region. Then they want a percentage of the revenue generated from this oil to care for the people in it. So far, do to lack of a census, the GOI can not determine how much $$$ to include in the payout. This delay is due to the refugees pouring into this region. So the KRG is now saying they will come up with some kind of formula, but the constitution Article 140 and 120 will be implemented one way or the another. [post 2 of 2]
7-29-2017 Newshound/Intel Guru Mnt Goat Article: "Iraqi government says it cannot implement Article 140 of Constitution" HCL and Article 140 implementation...what is the real status on these? This article is proof...that...all ...who say that Article 140 has been all done for quite some time...are wrong... As I showed you in past articles HCL was passed thru the cabinet but not parliament. Parliament kicked it back to the cabinet for changes, it then when back to the house after the changes and there is sits for a final vote. They keep telling us about the urgency and even have given past target dates for the vote, but it never goes anywhere. ...the required census needed to implement Article 140 is late. It was supposed to be done already in 2007. [post 1 of 2....stay tuned]
7-29-2017 Intel Guru RayRen98 [Is it possible we are still many months from RV?] No one can guarantee when this will happen, because we don’t know. We know what the information indicates, but no one can say with out a doubt “it will happen on X day”, until X day arrives. [What do you think they mean by ‘the coming days’?] Nobody knows for sure, but it would seem that ‘the coming days’ means between now and 1. August, because it appears there is a deadline with the IMF. In the past, some things have been apparently set in stone, but then they change the stone! Nobody knows for sure! [Do you still think we will be making appointments by 1. August?] I think it is possible to be finalized by then, according to the information we’re hearing.
7-29-2017 Newshound Guru chattels The continuing conflict with DAESH could again postpone the April 2018 election. Not to mention the continuing postponements of amendments to the election law by Parliament. On the other hand I have been thinking that the proximity of success against DAESH with the next elections in Iraq may be very helpful to Abadi.
7-29-2017 Intel/Newshound Guru tman23 Article quote: "In his visit to Moscow this week, Iraqi Vice President Nuri Al-Maliki peddled what he presented as his big idea: inviting Russia to build “a significant presence’ in Iraq to counter-balance that of the United States." ...as Rudaw news stated ...Maliki holds an immense amount of power in Iraq AND he controls Parliament... So his running to Russia ahead of upcoming elections is no surprise... AND the Kurds seeking independence vote before Iraq elections is crucial AND is not hard to speculate why! As Barzani stated, if Maliki becomes Prime Minister again or is the proxy to such...Then ADIOS! Maliki doesn't need to be a candidate...he only needs someone he owns to become the PM. ...I posted a few months ago on Maliki and becoming PM again...a few days later Oliver North was on Fox and discussed the issue and said it was a GREAT CONCERN...
7-29-2017 Newshound Guru Aggiedad77 ...they so appear ready...poised...and even anxious to do what is expected of them...to do what their people need...what the world is looking for...prayerfully they use all this momentum to jump with warp speed into a new arena of world economics for the betterment of all mankind from their actions.
7-29-2017 Newshound Guru MilitiaMan They have all the mechanisms in place to facilitate trade to serve their national economy from the looks of things. They have mediation in order to be prepared for typical disputes in trade at borders. Basically, they are fully ready, if not already INTERNATIONAL and by all means! They are telling us they are going to contribute to GDP by having implemented monetary policy for sustainable development. They are telling us the Central Bank has facilitated procedures and controls, became transparent in disclosures in regard to maintaining their exchange rate. Ya buddy... This meeting with the IMF is not about what needs to be done, it is done! It must be about dotting I's and Crossing T's, and atta boyz and girlz, for a job well done! imo. [post 2 of 2]
7-29-2017 Newshound Guru MilitiaMan Article quote: "to achieve the goal of maintaining the exchange rate and ensure the use of foreign currency out of order to meet the needs of the economy and market and development and non-directed to non-purposes; " There is a meeting with the IMF on 08/01/2017 if I am not mistaken. A one in regard to Article IV with Iraq. The article above speaks volumes of what has been done over the preceding two years. Not just one year. I believe this has to do with Article VIII... They have been working to maintain the exchange rate of the Dinar against Foreign Currency to cover imports entering Iraq while maintaining their independence under law. They go on to say that they are (imo) effectively ceasing MCPs (Multi Currency Practices) not supported or at least if are supported by the IMF, they are under the guidance of the IMF when doing so and would be short lived if even relevant. [post 1 of 2....stay tuned]
7-29-2017 Intel Guru Bluwolf Main Source is informing me to tell all that we are in the highest of alerts ever. And that the number we are waiting for is to be imminently released.
7-29-2017 Newshound/Intel Guru Mnt Goat So what’s the big deal about Article 140 and Article 120 anyhow? Why is it so important for the KRG to implement it? The constitution must be “fully” implemented to get out of sanctions. The answer to the problems lie in all the oil revenue generated from Kurkuk. There is plenty of nice rich oil in the region. The KRG wants it included under the KRG region. Then they want a percentage of the revenue generated from this oil to care for the people in it. So far, do to lack of a census, the GOI can not determine how much $$$ to include in the payout. This delay is due to the refugees pouring into this region. So the KRG is now saying they will come up with some kind of formula, but the constitution Article 140 and 120 will be implemented one way or the another. [post 2 of 2]
7-29-2017 Newshound/Intel Guru Mnt Goat Article: "Iraqi government says it cannot implement Article 140 of Constitution" HCL and Article 140 implementation...what is the real status on these? This article is proof...that...all ...who say that Article 140 has been all done for quite some time...are wrong... As I showed you in past articles HCL was passed thru the cabinet but not parliament. Parliament kicked it back to the cabinet for changes, it then when back to the house after the changes and there is sits for a final vote. They keep telling us about the urgency and even have given past target dates for the vote, but it never goes anywhere. ...the required census needed to implement Article 140 is late. It was supposed to be done already in 2007. [post 1 of 2....stay tuned]
7-29-2017 Intel Guru RayRen98 [Is it possible we are still many months from RV?] No one can guarantee when this will happen, because we don’t know. We know what the information indicates, but no one can say with out a doubt “it will happen on X day”, until X day arrives. [What do you think they mean by ‘the coming days’?] Nobody knows for sure, but it would seem that ‘the coming days’ means between now and 1. August, because it appears there is a deadline with the IMF. In the past, some things have been apparently set in stone, but then they change the stone! Nobody knows for sure! [Do you still think we will be making appointments by 1. August?] I think it is possible to be finalized by then, according to the information we’re hearing.
7-29-2017 Newshound Guru chattels The continuing conflict with DAESH could again postpone the April 2018 election. Not to mention the continuing postponements of amendments to the election law by Parliament. On the other hand I have been thinking that the proximity of success against DAESH with the next elections in Iraq may be very helpful to Abadi.
7-29-2017 Intel/Newshound Guru tman23 Article quote: "In his visit to Moscow this week, Iraqi Vice President Nuri Al-Maliki peddled what he presented as his big idea: inviting Russia to build “a significant presence’ in Iraq to counter-balance that of the United States." ...as Rudaw news stated ...Maliki holds an immense amount of power in Iraq AND he controls Parliament... So his running to Russia ahead of upcoming elections is no surprise... AND the Kurds seeking independence vote before Iraq elections is crucial AND is not hard to speculate why! As Barzani stated, if Maliki becomes Prime Minister again or is the proxy to such...Then ADIOS! Maliki doesn't need to be a candidate...he only needs someone he owns to become the PM. ...I posted a few months ago on Maliki and becoming PM again...a few days later Oliver North was on Fox and discussed the issue and said it was a GREAT CONCERN...
7-29-2017 Newshound Guru Aggiedad77 ...they so appear ready...poised...and even anxious to do what is expected of them...to do what their people need...what the world is looking for...prayerfully they use all this momentum to jump with warp speed into a new arena of world economics for the betterment of all mankind from their actions.
7-29-2017 Newshound Guru MilitiaMan They have all the mechanisms in place to facilitate trade to serve their national economy from the looks of things. They have mediation in order to be prepared for typical disputes in trade at borders. Basically, they are fully ready, if not already INTERNATIONAL and by all means! They are telling us they are going to contribute to GDP by having implemented monetary policy for sustainable development. They are telling us the Central Bank has facilitated procedures and controls, became transparent in disclosures in regard to maintaining their exchange rate. Ya buddy... This meeting with the IMF is not about what needs to be done, it is done! It must be about dotting I's and Crossing T's, and atta boyz and girlz, for a job well done! imo. [post 2 of 2]
7-29-2017 Newshound Guru MilitiaMan Article quote: "to achieve the goal of maintaining the exchange rate and ensure the use of foreign currency out of order to meet the needs of the economy and market and development and non-directed to non-purposes; " There is a meeting with the IMF on 08/01/2017 if I am not mistaken. A one in regard to Article IV with Iraq. The article above speaks volumes of what has been done over the preceding two years. Not just one year. I believe this has to do with Article VIII... They have been working to maintain the exchange rate of the Dinar against Foreign Currency to cover imports entering Iraq while maintaining their independence under law. They go on to say that they are (imo) effectively ceasing MCPs (Multi Currency Practices) not supported or at least if are supported by the IMF, they are under the guidance of the IMF when doing so and would be short lived if even relevant. [post 1 of 2....stay tuned]
7-28-2017 Intel Guru RayRen98 Price changes are anticipated...and there was an effort to increase growth in the economy by imposing no taxes on companies coming in to do business in Iraq. Today, ATMs are still not activated so far. Fils (coins) and lower denominations are also anticipated and ready, but not yet in public. Citizens are told the bulk of their salaries are in their bank accounts, and they can pull cash from the ATMs. The supplement to the Budget has been seen by some, but it’s still not officially published in the Gazette. There are rumors of an in-country rate of just over a dollar, but again, no confirmation as yet. The Budget itself was appealed to the Supreme Court, but the judge is waiting until after the meeting with the World Bank on 1. August. We are excited, waiting for intel to come out. Everyone is poised and alert; we don’t know the exact minute, hour or day, but we have a lot of reasons to expect this thing to wrap up by the first.
7-28-2017 Newshound/Intel Guru Mnt Goat Article Quote: "And we should be aware of the banks to the seriousness of dependence on the only product is the currency window, which may end its mission in the next stage." So what they are saying in this sentence is in the past banks are making their money on the spread in the dinar when they sell the US dollar thru the currency windows (currency auctions). This is a WOW statement! Why? It says the currency windows will end in this next stage. This is exactly what we want to hear. This stage of massive growth will lead to the dinar going international. This is the only way they can stop of limit these currency auctions, thus the huge bank profits from them. So we know when they no longer need to buy US dollars using Dinar at the currency window, they will have an international currency by then and will use dinar directly to buy and sell goods and services to foreign countries. Folks did you realize how powerful this statement is? [post 2 of 2]
7-28-2017 Newshound/Intel Guru Mnt Goat I do not see the signs needed to tell me this RV is imminent right now. Iraq has much work to do in the reconstruction phase. There is also still much work to do with the banks so they don’t fail. Currently the banks survive in Iraq thru the currency auctions. They make billions of dinars off the legally allowed spread in the dinar exchange rate to US dollars for the auctions. The sanctions force the merchants to continue with the process of exchanging dinars for US Dollars. They have a captivated audience. But they are now telling us...they expect to end the auctions and the need to move/convert the banker’s profits from these auctions to the private sector. Remember also the CBI is slowly rolling out the electronic banking and electronically depositing salaries, pensions, etc directly to the bank now. This too raises capital for the banks for lending. But even this will not raise this massive money they need for reconstruction. [post 1 of 2....stay tuned]
7-28-2017 Newshound Guru Aggiedad77 Article: "signing a memorandum of understanding between Baghdad and Erbil" Quote: "A joint memorandum of understanding (MoU) was signed by Baghdad and Arbil on Thursday to consolidate tax and joint work regulations." They sure do appear to be kissing and making up with the right people at the right time...oh indeed...first comes love, then comes marriage...then comes Abadi and Allak pushing a cart full of LD's for the citizens.
7-28-2017 Intel Guru Bruce Fiat dollars are no longer recognized in Iraq. So that's a pretty good indicator how close we are to this happening for us. About Smart cards...Qi cards have been in Iraq for years now with varying rates, depending on region of country, type of payment and such... The newest latest cards are out to Iraqi citizens, even those citizens out of the country. They had to activate them by last Saturday night and they did. We are hearing that money will be on those cards around noon tomorrow [Friday] eastern time. Those cards will receive the proceeds from the oil that they are to share with the Iraqi citizens (HCL 140) just like they do in Alaska for Alaska citizens. Access to the oil proceeds start tomorrow at the new rate. We really believe we are supposed to have our start by the end of the week. [post 2 of 2]
7-28-2017 Intel Guru Bruce Lets look at Iraq...they are under a timeline to perform with putting out their new rate. They've passed their addendum budget. The addendum budget was not yet put into the physical Gazette, but it was placed on line where some people were able to see it. Several people I have talked to, they've seen the Iraq Dinar on the bank screens at much, much higher rates then we have seen before. Back in 2012 when Shabibi came to the US and someone from the community asked him questions about the Dinar, Dr. Shabibi said that the Dinar had the ability to be value up to $16. We are not there yet, but we are well on the way. Seeing rates of over $11 now on bank screens...This is from several sources. ...Again that's the screen rate. Some Iraq airports have Rasheed banks in them. Tomorrow [Friday], start of business, those banks will be able to exchange dollar between dinar. [post 1 of 2....stay tuned]
7-28-2017 Newshound/Intel Guru Mnt Goat Article Quote: "And we should be aware of the banks to the seriousness of dependence on the only product is the currency window, which may end its mission in the next stage." So what they are saying in this sentence is in the past banks are making their money on the spread in the dinar when they sell the US dollar thru the currency windows (currency auctions). This is a WOW statement! Why? It says the currency windows will end in this next stage. This is exactly what we want to hear. This stage of massive growth will lead to the dinar going international. This is the only way they can stop of limit these currency auctions, thus the huge bank profits from them. So we know when they no longer need to buy US dollars using Dinar at the currency window, they will have an international currency by then and will use dinar directly to buy and sell goods and services to foreign countries. Folks did you realize how powerful this statement is? [post 2 of 2]
7-28-2017 Newshound/Intel Guru Mnt Goat I do not see the signs needed to tell me this RV is imminent right now. Iraq has much work to do in the reconstruction phase. There is also still much work to do with the banks so they don’t fail. Currently the banks survive in Iraq thru the currency auctions. They make billions of dinars off the legally allowed spread in the dinar exchange rate to US dollars for the auctions. The sanctions force the merchants to continue with the process of exchanging dinars for US Dollars. They have a captivated audience. But they are now telling us...they expect to end the auctions and the need to move/convert the banker’s profits from these auctions to the private sector. Remember also the CBI is slowly rolling out the electronic banking and electronically depositing salaries, pensions, etc directly to the bank now. This too raises capital for the banks for lending. But even this will not raise this massive money they need for reconstruction. [post 1 of 2....stay tuned]
7-28-2017 Newshound Guru Aggiedad77 Article: "signing a memorandum of understanding between Baghdad and Erbil" Quote: "A joint memorandum of understanding (MoU) was signed by Baghdad and Arbil on Thursday to consolidate tax and joint work regulations." They sure do appear to be kissing and making up with the right people at the right time...oh indeed...first comes love, then comes marriage...then comes Abadi and Allak pushing a cart full of LD's for the citizens.
7-28-2017 Intel Guru Bruce Fiat dollars are no longer recognized in Iraq. So that's a pretty good indicator how close we are to this happening for us. About Smart cards...Qi cards have been in Iraq for years now with varying rates, depending on region of country, type of payment and such... The newest latest cards are out to Iraqi citizens, even those citizens out of the country. They had to activate them by last Saturday night and they did. We are hearing that money will be on those cards around noon tomorrow [Friday] eastern time. Those cards will receive the proceeds from the oil that they are to share with the Iraqi citizens (HCL 140) just like they do in Alaska for Alaska citizens. Access to the oil proceeds start tomorrow at the new rate. We really believe we are supposed to have our start by the end of the week. [post 2 of 2]
7-28-2017 Intel Guru Bruce Lets look at Iraq...they are under a timeline to perform with putting out their new rate. They've passed their addendum budget. The addendum budget was not yet put into the physical Gazette, but it was placed on line where some people were able to see it. Several people I have talked to, they've seen the Iraq Dinar on the bank screens at much, much higher rates then we have seen before. Back in 2012 when Shabibi came to the US and someone from the community asked him questions about the Dinar, Dr. Shabibi said that the Dinar had the ability to be value up to $16. We are not there yet, but we are well on the way. Seeing rates of over $11 now on bank screens...This is from several sources. ...Again that's the screen rate. Some Iraq airports have Rasheed banks in them. Tomorrow [Friday], start of business, those banks will be able to exchange dollar between dinar. [post 1 of 2....stay tuned]
7-27-2017 Intel Guru Dr. Clarke Here are our Probability Factors of occurrences...ON A SCALE OF 1 - 10….(10 being the band Nirvana):
JULY 28-31st: On a scale of 1-10 for Iraq to RV their currency this weekend - We give it a “1.8”
AUGUST 1-7th: -9.9 (s@$%! hits the fan)
AUGUST 8-15th: 0.5 (Recovery & New Openings emerge. New Stuff. NEW.)
AUGUST 16-23rd: 8.8 (New FACTUAL Light is shed from the shadows & smiles are everywhere. But there’s still a Fly in the ointment)
AUGUST 24-31st: 9.9 (Get this Party STARTED! There’s somebody NEW in town)
SEPTEMBER 1-7th: 9.99 (who’s payin what? WHAT? You’re Kiddin me?)
SEPTEMBER 8-15th: 9.999 (Wait for it)
SEPTEMBER 16-23rd: BOOM!
OCTOBER - PARTY on the Patio!
NOVEMBER - Who cares?
DECEMBER - You’re “Santa Claus” (or something similar) [post 2 of 2]
7-27-2017 Intel Guru Dr. Clarke Since the 17th...Have you SEEN things Really “Take Off” Boom Boom Boom, one thing right after the other...? Watch VIETNAM closely, the first HALF of AUGUST. (HOTLY HISTORICAL. * You’ll Remember this AUGUST 2017 the rest of your Life!) REMEMBER. When Iraq says, “In the Coming Days”, it ALWAYS historically means - FROM 30-60 DAYS FROM WHEN THEY SAID IT. Remember this. It’s consistent…There’s a big difference between “In a FEW days”, and “In the COMING days”…A FEW days, means next week”. “In the COMING days, means a few Weeks”: 30-60 days. Iraq will OFFICIALLY & Substantially raise the value of their currency, make it Public, and make it Internationally tradable, so that you can go down to your local whatever, and exchange it into other foreign currencies, such as the U.S. Dollar, some day. WHEN? [post 1 of 2....stay tuned]
7-27-2017 Newshound Guru Aggiedad77 Article: “The Kuwaiti dinar tops the list of the 10 most powerful currencies in the world ahead of the dollar and the euro” Well Kuwait...don't get too comfy in that designation at the top of the pile...you won't be there too long I predict...Iraq is getting poised to knock you down a level or two...IMO.
7-27-2017 Intel Gurus Frank26 & Delta Everything is on track – we just don’t know when – because they are using 2 sets of books. And when they are ready, these ATM machines will kick in. They have a lot of reason to lift the value of their currency. Preparation is underway – just waiting for when the timing is right – which could be any day now. ...look at the CBI.iq website. When you know the LD’s are about to come out...we’ll see the rate first. Things are moving fast! The IMF told the GOI to lift the restrictions. All they need is the rate. They need the rate BEFORE the LD’s. Allak is about to do this. The ATM (MasterCard) lights are about to be turned on! The monetary reform is about to be turned on! IMO. [post 2 of 2]
7-27-2017 Intel Gurus Frank26 & Delta On top of the new CBI website you will see some pictures (illustrations). ...when I looked at those pictures, I thought those could be pictures of the lower denominations. I went back and found the descriptions. One of the new notes will have a picture of the new CBI building – possibly the 100 dinar bill. Teams are 99.9% sure these illustrations will be represented on the LD’s. It is very possible that the LD’s are about ready to come out. The ATM’s will not only dispense LD’s – but GOLD! ATM machines are STATE-OF-THE-ART – far more advanced than what American’s have seen. Education for the citizens is happening. The software in the ATM machines – that was put into the machines a long time ago … and it does NOT recognize the 3 zero notes! THAT WAS AN IMF REQUIREMENT! They have LD’s inside of them. They are LOADING THEM!!! ...these NEW machines...will they also dispense coins/fils? YES! [post 1 of 2....stay tuned]
7-27-2017 Intel Guru Rayren98 It has been reported that the activation of Mastercards and the ATM's will be in the coming days! They are expecting a major price change for the Iraqi citizen's goods and services due to more purchasing power. In an effort to increase the growing economy, no taxes were announced for all foreign companies engaging in commerce.
7-27-2017 Intel Guru Frank26 13 years ago, in 2004, one week after DeLeRue commissioned to print the IQD, I purchased mine. I understood what was to happen due to another experience with another country. One day I believe that Iraq will raise the value of their currency – or I certainly wouldn’t be wasting my time. It’s part of the Marshall plan... Our friend in Iraq says that the speed of things happening in Iraq are moving SO FAST! Do you realize that by turning on the ELECTRICITY they TURNED-ON the MONETARY REFORM? ...the electricity has been turned on...and IMO...the MR has been turned on. The dinar seems to be “international” – although we don’t see Article VIII. Many Iraqi’s (that fled Iraq) are now going to be able to receive funds via international banks...which is a international transaction.
7-27-2017 Newshound Guru Adam Montana NOBODY is going to be able to call a "date" on this. We are close. I love... no, I LOVE... where we are right now. But that doesn't mean I can tell you it will be tomorrow, next week, next month, "soon", or never. [ In everything that I have read I have not seen any mention being made about the Iraqi assembly voting on the latest version of the HCL...are there other factors which still stand in the way of this critical piece being enacted?] There really is not any ONE thing that is holding this up... it's just a waiting game. It's confusing and maddening and that's exactly the way it should be, according to Iraq. They don't want anyone to know when they will RV. Nobody will know. Period. [post 2 of 2]
7-27-2017 Newshound Guru Adam Montana My optimism in this venture is not waning, nor is it diminished even slightly. We have nothing but positives to consider at the moment. The cold hard truth is this: Iraq had a long road to travel. They have stood the test of time, they have marched forward through amazing troubles, and they are still heading in the "right" direction. But at no time in history, and at no time in the future, will they EVER tell us the "date" that they will do what they are bound to do at some point. At some point, they will raise the value. This is undeniable. But if they will do it tomorrow, or next Tuesday, or in a month or a year? We will never know that. I am going to say something with absolute conviction right now. This is absolute, no possible way to refute it, it is ABSOLUTE just like gravity pulls you towards the earth. With all my connections, with my decades of international communication and (I don't even know how many airmiles) of travel, my past and present work and friendships with bankers, CEOs, politicians and more... I will tell you this... [post 1 of 2....stay tuned]
JULY 28-31st: On a scale of 1-10 for Iraq to RV their currency this weekend - We give it a “1.8”
AUGUST 1-7th: -9.9 (s@$%! hits the fan)
AUGUST 8-15th: 0.5 (Recovery & New Openings emerge. New Stuff. NEW.)
AUGUST 16-23rd: 8.8 (New FACTUAL Light is shed from the shadows & smiles are everywhere. But there’s still a Fly in the ointment)
AUGUST 24-31st: 9.9 (Get this Party STARTED! There’s somebody NEW in town)
SEPTEMBER 1-7th: 9.99 (who’s payin what? WHAT? You’re Kiddin me?)
SEPTEMBER 8-15th: 9.999 (Wait for it)
SEPTEMBER 16-23rd: BOOM!
OCTOBER - PARTY on the Patio!
NOVEMBER - Who cares?
DECEMBER - You’re “Santa Claus” (or something similar) [post 2 of 2]
7-27-2017 Intel Guru Dr. Clarke Since the 17th...Have you SEEN things Really “Take Off” Boom Boom Boom, one thing right after the other...? Watch VIETNAM closely, the first HALF of AUGUST. (HOTLY HISTORICAL. * You’ll Remember this AUGUST 2017 the rest of your Life!) REMEMBER. When Iraq says, “In the Coming Days”, it ALWAYS historically means - FROM 30-60 DAYS FROM WHEN THEY SAID IT. Remember this. It’s consistent…There’s a big difference between “In a FEW days”, and “In the COMING days”…A FEW days, means next week”. “In the COMING days, means a few Weeks”: 30-60 days. Iraq will OFFICIALLY & Substantially raise the value of their currency, make it Public, and make it Internationally tradable, so that you can go down to your local whatever, and exchange it into other foreign currencies, such as the U.S. Dollar, some day. WHEN? [post 1 of 2....stay tuned]
7-27-2017 Newshound Guru Aggiedad77 Article: “The Kuwaiti dinar tops the list of the 10 most powerful currencies in the world ahead of the dollar and the euro” Well Kuwait...don't get too comfy in that designation at the top of the pile...you won't be there too long I predict...Iraq is getting poised to knock you down a level or two...IMO.
7-27-2017 Intel Gurus Frank26 & Delta Everything is on track – we just don’t know when – because they are using 2 sets of books. And when they are ready, these ATM machines will kick in. They have a lot of reason to lift the value of their currency. Preparation is underway – just waiting for when the timing is right – which could be any day now. ...look at the CBI.iq website. When you know the LD’s are about to come out...we’ll see the rate first. Things are moving fast! The IMF told the GOI to lift the restrictions. All they need is the rate. They need the rate BEFORE the LD’s. Allak is about to do this. The ATM (MasterCard) lights are about to be turned on! The monetary reform is about to be turned on! IMO. [post 2 of 2]
7-27-2017 Intel Gurus Frank26 & Delta On top of the new CBI website you will see some pictures (illustrations). ...when I looked at those pictures, I thought those could be pictures of the lower denominations. I went back and found the descriptions. One of the new notes will have a picture of the new CBI building – possibly the 100 dinar bill. Teams are 99.9% sure these illustrations will be represented on the LD’s. It is very possible that the LD’s are about ready to come out. The ATM’s will not only dispense LD’s – but GOLD! ATM machines are STATE-OF-THE-ART – far more advanced than what American’s have seen. Education for the citizens is happening. The software in the ATM machines – that was put into the machines a long time ago … and it does NOT recognize the 3 zero notes! THAT WAS AN IMF REQUIREMENT! They have LD’s inside of them. They are LOADING THEM!!! ...these NEW machines...will they also dispense coins/fils? YES! [post 1 of 2....stay tuned]
7-27-2017 Intel Guru Rayren98 It has been reported that the activation of Mastercards and the ATM's will be in the coming days! They are expecting a major price change for the Iraqi citizen's goods and services due to more purchasing power. In an effort to increase the growing economy, no taxes were announced for all foreign companies engaging in commerce.
7-27-2017 Intel Guru Frank26 13 years ago, in 2004, one week after DeLeRue commissioned to print the IQD, I purchased mine. I understood what was to happen due to another experience with another country. One day I believe that Iraq will raise the value of their currency – or I certainly wouldn’t be wasting my time. It’s part of the Marshall plan... Our friend in Iraq says that the speed of things happening in Iraq are moving SO FAST! Do you realize that by turning on the ELECTRICITY they TURNED-ON the MONETARY REFORM? ...the electricity has been turned on...and IMO...the MR has been turned on. The dinar seems to be “international” – although we don’t see Article VIII. Many Iraqi’s (that fled Iraq) are now going to be able to receive funds via international banks...which is a international transaction.
7-27-2017 Newshound Guru Adam Montana NOBODY is going to be able to call a "date" on this. We are close. I love... no, I LOVE... where we are right now. But that doesn't mean I can tell you it will be tomorrow, next week, next month, "soon", or never. [ In everything that I have read I have not seen any mention being made about the Iraqi assembly voting on the latest version of the HCL...are there other factors which still stand in the way of this critical piece being enacted?] There really is not any ONE thing that is holding this up... it's just a waiting game. It's confusing and maddening and that's exactly the way it should be, according to Iraq. They don't want anyone to know when they will RV. Nobody will know. Period. [post 2 of 2]
7-27-2017 Newshound Guru Adam Montana My optimism in this venture is not waning, nor is it diminished even slightly. We have nothing but positives to consider at the moment. The cold hard truth is this: Iraq had a long road to travel. They have stood the test of time, they have marched forward through amazing troubles, and they are still heading in the "right" direction. But at no time in history, and at no time in the future, will they EVER tell us the "date" that they will do what they are bound to do at some point. At some point, they will raise the value. This is undeniable. But if they will do it tomorrow, or next Tuesday, or in a month or a year? We will never know that. I am going to say something with absolute conviction right now. This is absolute, no possible way to refute it, it is ABSOLUTE just like gravity pulls you towards the earth. With all my connections, with my decades of international communication and (I don't even know how many airmiles) of travel, my past and present work and friendships with bankers, CEOs, politicians and more... I will tell you this... [post 1 of 2....stay tuned]
7-26-2017 Newshound Guru Aggiedad7 Article: "Rafidain paid the salaries of directorates Baghdad" Quote: "the exchange was done through one of the electronic and manual payment tools." As our friend [Walkingstick] with business interests in Iraq has indicated...this article appears to support the payment of both electronic and manual forms...e-payment (95%) and cash (5%)...IMO.
7-26-2017 Intel Guru RayRen98 The budget is not yet in the Gazette...we wait.
7-26-2017 Newshound Guru EHankins Article: May 6, 2017 "Calls for the launch of "mobile" banking and leaving paper transactions" WELL, THERE IT IS: Obviously electricity was needed for this to happen first. So, now the infrastructure of the CBI is ready to launch this project...awesome news Walkingstick [friend in Iraq] thanks. Mobil Banking imo is any banking outside a bank or on the move via. phones i-pads home computers and without paper because the electronic devices are the paper. The sands of time are unfolding into the world BIG BIG TIME...All of this takes time to establish...no magic can do these monumental steps. IMO, the magic will follow.
7-26-2017 Newshound Guru Aggiedad77 Article: May 6, 2017 "Calls for the launch of "mobile" banking and leaving paper transactions" Yes it is dated slightly...but look what is upon us...activation of e-banking...e-commerce...e-dinars...they were ready in May...well...guess what the activation is upon is [us?]...indeed...IMO.
7-25-2017 Intel Guru Bruce My understanding is the printed version of the Gazette which is Iraq official newspaper, that newspaper is printed and available Wednesday and Saturday. My understanding is tomorrow’s version of the Gazette is printed and ready to go. Now I am not saying that is when it is going to go or could go, but it could be a good indicator that it should happen hopefully before the end of the week. We heard that we should be there by Friday, or maybe beforehand. ...if everything else goes according to plan, we should be there very shortly...We are at a very exciting time. [post 2 of 2]
7-25-2017 Intel Guru Bruce Overall we are pretty much seeing everything coming to completion. Iraq has done all it has to do except we are looking for the addendum for the budget which was passed. We believe it has the information about the new addendum to the budget and the new rate for the Iraqi dinar in that budget. We are looking for it to show up in the Gazette. With it showing up in the Gazette the rate for the Iraqi dinar should show in the Gazette as well. Rates are super high we hear. We know that Iraq for example is looking to receive a mutli-billion dinar loan from IMF. We believe everything is still planned for that to go through, but Iraq has to put out their rate. That is the last thing they need to do is put it out internationally and that should be in the Gazette tomorrow [Wednesday]. That is what we are expecting. [post 1 of 2....stay tuned]
7-25-2017 Newshound/Intel Guru Mnt Goat Iraq and the IMF (along with the World Bank and the World Trade Organization and many other three letter agencies) are working very closely with Iraq to position it for the next economic phase. This phase is not something of the distant future. It is now and it is progressing forward. Could it eventually include a significant increase in the value of the dinar? Yes, and will most probably (almost certainly) culminate in some significant increase in the value of the dinar. But let’s not put the cart before the horse. First things first. There is work to be done and we are seeing it play out.
7-26-2017 Newshound Guru Aggiedad77 "The Council of Ministers authorizes Araji to sign the investment project between Iraq and America Protection Convention" ...that be UUUUUUGGGGGGEEEEEE news ...protection of investments between Iraq and the US...can you spell Trump DEALS on this...IMO...this is yet another step they are showing us in just how ready they are for things to move in a positive and extremely proactive direction IMO...
7-26-2017 Intel Guru RayRen98 The budget is not yet in the Gazette...we wait.
7-26-2017 Newshound Guru EHankins Article: May 6, 2017 "Calls for the launch of "mobile" banking and leaving paper transactions" WELL, THERE IT IS: Obviously electricity was needed for this to happen first. So, now the infrastructure of the CBI is ready to launch this project...awesome news Walkingstick [friend in Iraq] thanks. Mobil Banking imo is any banking outside a bank or on the move via. phones i-pads home computers and without paper because the electronic devices are the paper. The sands of time are unfolding into the world BIG BIG TIME...All of this takes time to establish...no magic can do these monumental steps. IMO, the magic will follow.
7-26-2017 Newshound Guru Aggiedad77 Article: May 6, 2017 "Calls for the launch of "mobile" banking and leaving paper transactions" Yes it is dated slightly...but look what is upon us...activation of e-banking...e-commerce...e-dinars...they were ready in May...well...guess what the activation is upon is [us?]...indeed...IMO.
7-25-2017 Intel Guru Bruce My understanding is the printed version of the Gazette which is Iraq official newspaper, that newspaper is printed and available Wednesday and Saturday. My understanding is tomorrow’s version of the Gazette is printed and ready to go. Now I am not saying that is when it is going to go or could go, but it could be a good indicator that it should happen hopefully before the end of the week. We heard that we should be there by Friday, or maybe beforehand. ...if everything else goes according to plan, we should be there very shortly...We are at a very exciting time. [post 2 of 2]
7-25-2017 Intel Guru Bruce Overall we are pretty much seeing everything coming to completion. Iraq has done all it has to do except we are looking for the addendum for the budget which was passed. We believe it has the information about the new addendum to the budget and the new rate for the Iraqi dinar in that budget. We are looking for it to show up in the Gazette. With it showing up in the Gazette the rate for the Iraqi dinar should show in the Gazette as well. Rates are super high we hear. We know that Iraq for example is looking to receive a mutli-billion dinar loan from IMF. We believe everything is still planned for that to go through, but Iraq has to put out their rate. That is the last thing they need to do is put it out internationally and that should be in the Gazette tomorrow [Wednesday]. That is what we are expecting. [post 1 of 2....stay tuned]
7-25-2017 Newshound/Intel Guru Mnt Goat Iraq and the IMF (along with the World Bank and the World Trade Organization and many other three letter agencies) are working very closely with Iraq to position it for the next economic phase. This phase is not something of the distant future. It is now and it is progressing forward. Could it eventually include a significant increase in the value of the dinar? Yes, and will most probably (almost certainly) culminate in some significant increase in the value of the dinar. But let’s not put the cart before the horse. First things first. There is work to be done and we are seeing it play out.
7-26-2017 Newshound Guru Aggiedad77 "The Council of Ministers authorizes Araji to sign the investment project between Iraq and America Protection Convention" ...that be UUUUUUGGGGGGEEEEEE news ...protection of investments between Iraq and the US...can you spell Trump DEALS on this...IMO...this is yet another step they are showing us in just how ready they are for things to move in a positive and extremely proactive direction IMO...
7-25-2017 Newshound/Intel Guru Mnt Goat So as Iraq now moves on to the next phase in its history...its now all about the economy. The CBI is not holding back on making the needed changes and adjustments. It is simply amazing how much information the CBI is now publishing and informing the public. It is all very optimistic for us. But when will they tell the citizens they are going to move to the next phase of the “project to delete the zeros”. It has been over a year and a half already since they last educated them on the process. Remember in the fall of 2015? Remember all the news about this project. This is what we can expect to happen again. So when will they do this? They will do this when they are getting ready to execute the next phase. So they are not yet ready to move on it. This is why we have not yet read these articles. It is that simple...we know when they are they must inform the people. In fact the CBI even told us they will, many times. So we sit and wait for this sign. This is now our expectation and major focus.
7-25-2017 Newshound Guru Aggiedad77 Article: "Iraq exempts foreign companies from taxes and will increase them to Iraqis" IMO it is signs like this that are making those companies and countries in the LL (long line) very restless...like a race horse being put into the gate, very cantankerous and feisty until the bell sounds and the gate flies open...then they are off and running...That is where these countries and companies stand...they are anxious to get in....they want their share of the pie...their share of the gold mine that is Iraq...they are business people who see a profit for their company...for their shareholders...let it come soon...for we are with them as well...IMO.
7-25-2017 Intel Guru Delta Everything is good. We are on verge of something BIG happening. Behind closed doors, the CBI is working very hard...along with the UST. Allak is proving to all of us that he is doing an excellent job. [What did you think about the budget?] A lot of people get confused about it. As I look at parliament – this was one of the IMF’s requirements. They need to pay everybody, farmers...so the IMF did a supplementary budget. They did pass it today [Monday]. Remember...when the CBI pulls the trigger – everything will be adjusted. Without the IMF – nothing works. The 1st week of August is a very important meeting with the IMF. We might see something BEFORE that...or maybe AFTER. Let’s see what the report says. IMO...the CBI is all done. Remember the IMF said about 2 months...they would consider meeting once Iraq complied with everything – including the MR.
7-25-2017 Newshound Guru chattels [...does the power lay with the CBI or Abadi?] My belief is that it is rather unimportant who has the power between the CBI and the office of the PM. What is important is whether any "public rate" is acceptable / sustainable in the world marketplace. [so a float would answer that?] The bottom line to me is what "amount" a sovereign nation is willing to exchange their "dollar" for in dinars? A float rather presumes that there is a value to the dinar initially and whether that value will be stable or increase, eh?
7-25-2017 Intel Guru Daz WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY... "TURN THE MONEY BACK ON".
7-25-2017 Intel Guru Frank26 If they announce in the coming days...something very big...like the ATM’s...would that not only force them to use their own currency? This could explode their economic reforms. An article came out a few days ago that told everyone in Iraq...that they have ELECTRICITY RESERVES...and power 24/7...you cannot do banking with sporadic electricity. We have been waiting for the electricity to come on to ACTIVATE things for the monetary reform. Electricity was needed...do you understand the POWER of this? Do you understand...“THEY TURNED IT ON?! The ATM machines will be lit-up like a Christmas tree! ELECTRICITY --- is ready to take Iraq into an INTERNATIONAL world. [post 2 of 2]
7-25-2017 Intel Guru Frank26 IMO – the 3 zeros are lifted and the citizens are not using USD’s anymore – and Abadi is in harmony with Allak. The 95/5 was masterful! The IQD is going through a REDOMINATION ...leading to a REVALUATION of their currency because they are going to lift 3 zeros – which will bring in a REDONIMATION as they introduce their LD’s. Meanwhile...the Rafadian Bank now says that they seek working with retirees outside of Iraq with an electronic card on an international level. Allak told the citizens to expect a “break thru” – do you think the ATM’s would qualify for that? Especially if they can’t dispense 3 zero notes? Soon...the CBI will be coming out to all citizens, all banks to make an announcement... [post 1 of 2....stay tuned]
7-25-2017 Intel Guru RayRen98 [We would rather expect Abadi to make an announcement – what if someone from the CBI were to make an announcement (if in fact there is an announcement)?] My sources are not saying anything about announcements just now; they did expect an announcement about the liberation of Mosul, and Abadi did make that. I think it’s less about announcements and more about action now. [I have heard that the passing of the supplemental budget forced by the IMF signals the CBI to implement the RV. Any truth to this rumor?] That is the expectation. [Do you think this week might finally be RV week?] This week looks pretty good; I think this is our last full week looking for this, if it all goes according to the way I’ve been told. It might spill over into next week to wrap this up.
7-25-2017 Newshound Guru mike Article: "Electronic trading and safe way to get the economy moving" Iraq is a cash society, as soon as that money hits their accounts they'll go to the ATM and pull every dinar out. No one trusts the banks, they still need deposit insurance and banks that operate eight hours a day. This is a utopian view of the future, I wish they'd focus on the current realities and get their banks safe for deposits and move towards an open market economy.
7-25-2017 Newshound Guru Aggiedad77 Article: "Iraq exempts foreign companies from taxes and will increase them to Iraqis" IMO it is signs like this that are making those companies and countries in the LL (long line) very restless...like a race horse being put into the gate, very cantankerous and feisty until the bell sounds and the gate flies open...then they are off and running...That is where these countries and companies stand...they are anxious to get in....they want their share of the pie...their share of the gold mine that is Iraq...they are business people who see a profit for their company...for their shareholders...let it come soon...for we are with them as well...IMO.
7-25-2017 Intel Guru Delta Everything is good. We are on verge of something BIG happening. Behind closed doors, the CBI is working very hard...along with the UST. Allak is proving to all of us that he is doing an excellent job. [What did you think about the budget?] A lot of people get confused about it. As I look at parliament – this was one of the IMF’s requirements. They need to pay everybody, farmers...so the IMF did a supplementary budget. They did pass it today [Monday]. Remember...when the CBI pulls the trigger – everything will be adjusted. Without the IMF – nothing works. The 1st week of August is a very important meeting with the IMF. We might see something BEFORE that...or maybe AFTER. Let’s see what the report says. IMO...the CBI is all done. Remember the IMF said about 2 months...they would consider meeting once Iraq complied with everything – including the MR.
7-25-2017 Newshound Guru chattels [...does the power lay with the CBI or Abadi?] My belief is that it is rather unimportant who has the power between the CBI and the office of the PM. What is important is whether any "public rate" is acceptable / sustainable in the world marketplace. [so a float would answer that?] The bottom line to me is what "amount" a sovereign nation is willing to exchange their "dollar" for in dinars? A float rather presumes that there is a value to the dinar initially and whether that value will be stable or increase, eh?
7-25-2017 Intel Guru Daz WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY... "TURN THE MONEY BACK ON".
7-25-2017 Intel Guru Frank26 If they announce in the coming days...something very big...like the ATM’s...would that not only force them to use their own currency? This could explode their economic reforms. An article came out a few days ago that told everyone in Iraq...that they have ELECTRICITY RESERVES...and power 24/7...you cannot do banking with sporadic electricity. We have been waiting for the electricity to come on to ACTIVATE things for the monetary reform. Electricity was needed...do you understand the POWER of this? Do you understand...“THEY TURNED IT ON?! The ATM machines will be lit-up like a Christmas tree! ELECTRICITY --- is ready to take Iraq into an INTERNATIONAL world. [post 2 of 2]
7-25-2017 Intel Guru Frank26 IMO – the 3 zeros are lifted and the citizens are not using USD’s anymore – and Abadi is in harmony with Allak. The 95/5 was masterful! The IQD is going through a REDOMINATION ...leading to a REVALUATION of their currency because they are going to lift 3 zeros – which will bring in a REDONIMATION as they introduce their LD’s. Meanwhile...the Rafadian Bank now says that they seek working with retirees outside of Iraq with an electronic card on an international level. Allak told the citizens to expect a “break thru” – do you think the ATM’s would qualify for that? Especially if they can’t dispense 3 zero notes? Soon...the CBI will be coming out to all citizens, all banks to make an announcement... [post 1 of 2....stay tuned]
7-25-2017 Intel Guru RayRen98 [We would rather expect Abadi to make an announcement – what if someone from the CBI were to make an announcement (if in fact there is an announcement)?] My sources are not saying anything about announcements just now; they did expect an announcement about the liberation of Mosul, and Abadi did make that. I think it’s less about announcements and more about action now. [I have heard that the passing of the supplemental budget forced by the IMF signals the CBI to implement the RV. Any truth to this rumor?] That is the expectation. [Do you think this week might finally be RV week?] This week looks pretty good; I think this is our last full week looking for this, if it all goes according to the way I’ve been told. It might spill over into next week to wrap this up.
7-25-2017 Newshound Guru mike Article: "Electronic trading and safe way to get the economy moving" Iraq is a cash society, as soon as that money hits their accounts they'll go to the ATM and pull every dinar out. No one trusts the banks, they still need deposit insurance and banks that operate eight hours a day. This is a utopian view of the future, I wish they'd focus on the current realities and get their banks safe for deposits and move towards an open market economy.
7-24-2017 Newshound Guru Kaperoni Article: "Governor of the Central Bank of Iraq inspected the headquarters of the International Development Bank" They clearly seem to be getting ready for international banking!
7-24-2017 Intel Guru RayRen98 The CBI talked about economic reforms in the next few days, and said that they would lose IMF support if they didn’t get it done! We haven’t had confirmation of lower denominations. IT was said that the supplementary budget had to be passed first, and we understand that when it is passed, the rest will appear in the next few days. Over the weekend, we were told that the budget was approved and it should show up in the Gazette on Wednesday. Iraq has a meeting ...1. August with the World Bank about their 580 billion dollar loan, and reforms must be in place before that time. The CBI has submitted their paperwork to the World Bank, and I guess we are waiting for the IMF and World Bank to sign off on it. So we are looking for this to unfold prior to August 1, or on August 1. We’re feeling pretty good about the 1. August, or before, unless something unforeseen happens. It looks like we are at the end of this ride, based on the information.
7-24-2017 Newshound Guru mike Demand for the dollar is high and will only get higher now that ISIL is out of Mosul, construction and other imports are going to be needed and that's all bought with dollars. The IMF has placed a minimum amount of time to hold that 2% spread and that's 90 days, so, the minimum amount of time necessary to get the 2% straight is 90 days, in addition to how long it takes to actually get the spread to that minimum, say a month or twenty, it all depends on what the CBI can do. [post 2 of 2]
7-24-2017 Newshound Guru mike [Getting the dinar into Article VIII would be the first step into stopping the auctions? That would mean the spread would have to be 2%; how close are they to that at this time?] Great question, here's the thing, if Iraq un-pegged today there would be no disparity between the market and street rates, although, the IMF has advised them not too. Why? Because if they do, the dinar will more than likely drop to somewhere around 1500-$1 which would increase inflation and the pain the citizens are already feeling. Without an economy and exports other than oil, there's next to zero demand for the dinar and that won't change overnight, we're still waiting for the needed legislation to encourage internal business creation and foreign investment. [post 1 of 2....stay tuned]
7-24-2017 Newshound Guru Peggy68 In my honest opinion I'm expecting to see the monetary reform implemented between tonight (Sunday) going into July 24th, 2017 through August 10th, 2017. There are several dates in between we could focus on included in the analysis. Take a look at what is happening in different Federal Agencies and what is already in place, its clearly the time and Iraq is ready to ROCK & ROLL!
7-24-2017 Newshound Guru chattels Economy News "...publishes the amendment of the Financial Budget Act of 2017 Published "Economy News" Law amending the Federal Budget Law No. (44) for the year 2017, which was approved by the House of Representatives on Monday. And the details of the law:.." [Courtesy of Whitelions] "Article 1 - A- Revenues of the Federal General Budget for the fiscal year 2017 are estimated to be (82,069,669,668) thousand dinars (eighty two trillion nine hundred and sixty six billion six hundred and sixty six hundred and sixty-eight thousand dinars)" " ...on the basis of the exchange rate (1182) dinars per dollar ..." "Calculation of the revenues from the export of crude oil based on the average price of (44.4) (forty four dollars and forty cents) per barrel...on the basis of the exchange rate (1182) dinars per dollar..." Since oil is valued in dollars there is a stated rate of exchange to convert to dinar since the budget is stated in dinar. There is a rate of exchange, but no new rate.
7-24-2017 Newshound Guru G-Lin Article: "Increase the capital of the Central Bank to one trillion dinars" Quote: "...the new law aims to "increase the capital of the Central Bank of Iraq and to keep pace with global economic development..." New amendments to the CBI Bank Law. We have been waiting a while for this. IMF is not playing anymore.
7-24-2017 Intel Guru RayRen98 The CBI talked about economic reforms in the next few days, and said that they would lose IMF support if they didn’t get it done! We haven’t had confirmation of lower denominations. IT was said that the supplementary budget had to be passed first, and we understand that when it is passed, the rest will appear in the next few days. Over the weekend, we were told that the budget was approved and it should show up in the Gazette on Wednesday. Iraq has a meeting ...1. August with the World Bank about their 580 billion dollar loan, and reforms must be in place before that time. The CBI has submitted their paperwork to the World Bank, and I guess we are waiting for the IMF and World Bank to sign off on it. So we are looking for this to unfold prior to August 1, or on August 1. We’re feeling pretty good about the 1. August, or before, unless something unforeseen happens. It looks like we are at the end of this ride, based on the information.
7-24-2017 Newshound Guru mike Demand for the dollar is high and will only get higher now that ISIL is out of Mosul, construction and other imports are going to be needed and that's all bought with dollars. The IMF has placed a minimum amount of time to hold that 2% spread and that's 90 days, so, the minimum amount of time necessary to get the 2% straight is 90 days, in addition to how long it takes to actually get the spread to that minimum, say a month or twenty, it all depends on what the CBI can do. [post 2 of 2]
7-24-2017 Newshound Guru mike [Getting the dinar into Article VIII would be the first step into stopping the auctions? That would mean the spread would have to be 2%; how close are they to that at this time?] Great question, here's the thing, if Iraq un-pegged today there would be no disparity between the market and street rates, although, the IMF has advised them not too. Why? Because if they do, the dinar will more than likely drop to somewhere around 1500-$1 which would increase inflation and the pain the citizens are already feeling. Without an economy and exports other than oil, there's next to zero demand for the dinar and that won't change overnight, we're still waiting for the needed legislation to encourage internal business creation and foreign investment. [post 1 of 2....stay tuned]
7-24-2017 Newshound Guru Peggy68 In my honest opinion I'm expecting to see the monetary reform implemented between tonight (Sunday) going into July 24th, 2017 through August 10th, 2017. There are several dates in between we could focus on included in the analysis. Take a look at what is happening in different Federal Agencies and what is already in place, its clearly the time and Iraq is ready to ROCK & ROLL!
7-24-2017 Newshound Guru chattels Economy News "...publishes the amendment of the Financial Budget Act of 2017 Published "Economy News" Law amending the Federal Budget Law No. (44) for the year 2017, which was approved by the House of Representatives on Monday. And the details of the law:.." [Courtesy of Whitelions] "Article 1 - A- Revenues of the Federal General Budget for the fiscal year 2017 are estimated to be (82,069,669,668) thousand dinars (eighty two trillion nine hundred and sixty six billion six hundred and sixty six hundred and sixty-eight thousand dinars)" " ...on the basis of the exchange rate (1182) dinars per dollar ..." "Calculation of the revenues from the export of crude oil based on the average price of (44.4) (forty four dollars and forty cents) per barrel...on the basis of the exchange rate (1182) dinars per dollar..." Since oil is valued in dollars there is a stated rate of exchange to convert to dinar since the budget is stated in dinar. There is a rate of exchange, but no new rate.
7-24-2017 Newshound Guru G-Lin Article: "Increase the capital of the Central Bank to one trillion dinars" Quote: "...the new law aims to "increase the capital of the Central Bank of Iraq and to keep pace with global economic development..." New amendments to the CBI Bank Law. We have been waiting a while for this. IMF is not playing anymore.
7-23-22017 Newshound Guru mike Article quote: "And should be aware of the banks to the seriousness of dependence on the only product is the currency window, which may end its mission in the next stage," [stopping the auctions...?] Sure, once the dinar is in Article VIII and the world accepts it as reliable currecy, the dollar auctions will stop.
7-23-2017 Newshound Guru MilitiaMan Article quote: "Economists, businessmen and businessmen consider that the next phase of the richest investment opportunities that the international companies are looking for in relation to the construction and reconstruction of Iraq is the same, but it is natural that the requirements of achieving this goal requires large sums of money to absorb its implementation." Lets all have some International Rate Cake when Forex opens... (smile)
7-23-2017 Newshound Guru Peggy68 IMO, WE ARE ALL DIGITAL GLOBALLY AND READY TO GO SOME FINE TUNING AND ADJUSTMENTS IS ALL WE ARE LOOKING AT. WHEN YOU LOOK THROUGH HISTORY AT MANY RELEVANT DATES YOU REALIZE THIS WAS ALL PLANNED OUT LONG AGO.
7-23-2017 Intel Guru RayRen98 It has been reported to me that Parliament did in fact meet today and approved the Supplementary Budget. (The contractors and peasants are happy campers!) This weekend isn't over yet...stand by.
7-23-2017 Intel Guru Bluwolf I can say that we are actually there and that this number is about to be had.
7-23-2017 Newshound/Intel Guru Mnt Goat in the past all the news was about fighting ISIS. Now we see a complete turnaround. This is itself tells us that the remaining terrorists are not of our concern. All the news is about the economy and most of it is from the Central Bank of Iraq (CBI). The CBI is priming the pump for something in the near future. Who are all these articles intended for?
In the order of priority:
· GOI (to keep the Govt of Iraq informed of its actions)
· Future Investors (to communicate to the world that Iraq has changed)
· Citizens (popular crowd) (to inform then of the country’s monetary policies and progress)
· Foreign speculators (yes – this is us...)
7-23-2017 Newshound Guru MilitiaMan Article quote: "Economists, businessmen and businessmen consider that the next phase of the richest investment opportunities that the international companies are looking for in relation to the construction and reconstruction of Iraq is the same, but it is natural that the requirements of achieving this goal requires large sums of money to absorb its implementation." Lets all have some International Rate Cake when Forex opens... (smile)
7-23-2017 Newshound Guru Peggy68 IMO, WE ARE ALL DIGITAL GLOBALLY AND READY TO GO SOME FINE TUNING AND ADJUSTMENTS IS ALL WE ARE LOOKING AT. WHEN YOU LOOK THROUGH HISTORY AT MANY RELEVANT DATES YOU REALIZE THIS WAS ALL PLANNED OUT LONG AGO.
7-23-2017 Intel Guru RayRen98 It has been reported to me that Parliament did in fact meet today and approved the Supplementary Budget. (The contractors and peasants are happy campers!) This weekend isn't over yet...stand by.
7-23-2017 Intel Guru Bluwolf I can say that we are actually there and that this number is about to be had.
7-23-2017 Newshound/Intel Guru Mnt Goat in the past all the news was about fighting ISIS. Now we see a complete turnaround. This is itself tells us that the remaining terrorists are not of our concern. All the news is about the economy and most of it is from the Central Bank of Iraq (CBI). The CBI is priming the pump for something in the near future. Who are all these articles intended for?
In the order of priority:
· GOI (to keep the Govt of Iraq informed of its actions)
· Future Investors (to communicate to the world that Iraq has changed)
· Citizens (popular crowd) (to inform then of the country’s monetary policies and progress)
· Foreign speculators (yes – this is us...)
7-22-2017 Newshound Guru MilitiaMan ...in recent past...our friend indicated that the 21st was to be the beginning if you will of what is in my opinion a new rate to be reflected in the citizens pay seen by the last Friday of the month. Things will have to have been in place prior to the purchasing power they'll receive, cha Ching cha Ching!
7-22-2017 Intel Guru RayRen98 Had reports that airports are no longer exchanging at the airport kiosks and referring people to banks. Why did they stop? Told they received instructions. Where did the instructions come from? Told they got it from the International Currency Exchange, ICE. Guess they have something to do with the currency exchange kiosks. Appears they have some kind of controlling authority. And why did they do that? We learned it was due to a large volume of exchange activity they are doing...expecting, so they are referring people to banks. CURRENT WINDOW: I'm still okay with tomorrow, Monday.
7-22-2017 Newshound Guru mike [ I can't believe some didn't see that Mosul was a big obstacle that had to be overcome...and that it was a "key" point.] I'm one of those guys who don't think it was an obstacle. Obviously, having your second largest city occupied by terrorists isn't ideal, but the terrorists are still in Iraq. Nothing will happen with the economy until they get off the socialist agenda and open up the economy, there are no shortcuts. The GOI, Keywords and anyone else can say whatever platitudes sound nice, they still need the freedom of movement of capital, get control of the growing spread between the market and street rates, deposit insurance, economic laws and the list goes on. None of these issues have been addressed and corrected yet. Mosul doesn't address any of that. Pass the laws that enable foreign investment and things will change.
7-22-2017 Newshound/Intel Guru Mnt Goat Article: "Central bank sales rise in foreign currency auction" I am never concerned about looking at the sales from the currency auctions as any indicator of an RV. ...The currency auctions are all about the Chapter VII sanctions. The merchants need US dollars to pay for imports of goods, services and labor. ...Iraq is still operating under a closed economy they can not yet use their dinar outside of the country. When this last part of the sanctions are lifted they will be able to use dinar all over the world, trade dinar, pay in dinar and it will be listed on the global currency exchanges. This is what we wait for.
7-22-2017 Intel Guru RayRen98 Had reports that airports are no longer exchanging at the airport kiosks and referring people to banks. Why did they stop? Told they received instructions. Where did the instructions come from? Told they got it from the International Currency Exchange, ICE. Guess they have something to do with the currency exchange kiosks. Appears they have some kind of controlling authority. And why did they do that? We learned it was due to a large volume of exchange activity they are doing...expecting, so they are referring people to banks. CURRENT WINDOW: I'm still okay with tomorrow, Monday.
7-22-2017 Newshound Guru mike [ I can't believe some didn't see that Mosul was a big obstacle that had to be overcome...and that it was a "key" point.] I'm one of those guys who don't think it was an obstacle. Obviously, having your second largest city occupied by terrorists isn't ideal, but the terrorists are still in Iraq. Nothing will happen with the economy until they get off the socialist agenda and open up the economy, there are no shortcuts. The GOI, Keywords and anyone else can say whatever platitudes sound nice, they still need the freedom of movement of capital, get control of the growing spread between the market and street rates, deposit insurance, economic laws and the list goes on. None of these issues have been addressed and corrected yet. Mosul doesn't address any of that. Pass the laws that enable foreign investment and things will change.
7-22-2017 Newshound/Intel Guru Mnt Goat Article: "Central bank sales rise in foreign currency auction" I am never concerned about looking at the sales from the currency auctions as any indicator of an RV. ...The currency auctions are all about the Chapter VII sanctions. The merchants need US dollars to pay for imports of goods, services and labor. ...Iraq is still operating under a closed economy they can not yet use their dinar outside of the country. When this last part of the sanctions are lifted they will be able to use dinar all over the world, trade dinar, pay in dinar and it will be listed on the global currency exchanges. This is what we wait for.
7-21-2017 Intel Guru RayRen98 Iraqi TV is broadcasting the governor of the CBI stating that victory regarding the economic reforms throughout all of Iraq will be in the next few days. (Woo Hoo!) He also reportedly stated that the IMF support would cease if this completion did not actually happen. (Woo Hoo again!) Citizens in specific areas can not confirm release of lower denoms, they are saying the supplementary budget must be passed. PM Abadi is projecting passing of the budget by the end of the month, however, Parliament is supposed to have it on the agenda tomorrow for consideration and disposition. It is anticipated that once the vote is passed, the lower denoms and a revalued rate should appear. (Woo Hoo a 3rd time!)
7-21-2017 Intel/Newshound Guru tman23 [Didn't I read where the 000 notes would be accepted for 10 years?] IMO...to keep this idea that it will be in market for 10 years is irresponsible.. ...if the 3 zero notes have a large value it will be for a very short time period...Anyone who wants to wait for 85 cents to a dinar grow to $3 and a 3 zero note become worth say 75k...Best of luck to you... [Also, haven't they been removing 000 notes for a long time...a "Project" ...thereby reducing the money supply gradually.] IMO...the money count in circulation is around 18 trillion...Thus why they are saying they can cover it 3 times with the 50 billion in reserves. [what are you saying no RV?] No, I am not saying no RV...MY stance and point remains the same...A some point they are going to introduce the new currency and lift the 3 zeros...the speculation remains on how the 3 zero notes will be treated at the exchange window... [post 2 of 2]
7-21-2017 Intel/Newshound Guru tman23 ...the new currency will be an introduction to something more important...LIFTING THE 3 ZEROS...And I was oh so hoping to see a campaign on the intro to the new currency going into the 15th...They just can't put it out on the street without education on security features and value...THE FLOAT THEORY WORKS ON THE NEW CURRENCY BUT ON 3 ZERO NOTES EVERY PENNY WIPES HUGE RESERVES FROM THE CBI...we need signs and an intro of the new currency first. [post 1 of 2....stay tuned]
7-21-2017 Newshound Guru MilitiaMan Article: "Iraqi Parliament: Law "National Oil" below the level of ambition" Looks like one helluva Trigger Article? Hydro Carbon and the Citizens get paid? Third reading is to Pass Go into the Gazzette and collect your 95% E-Dinar / 5% cash Dinar to the citizens or lower Denoms if you will, ATMs to start flashing green early or at least on time of the approximate two week time line suggested...If my thinking is on, they will activate the pay scale accordingly...on the 21st of July for disbursement on the 28th of July, that would have had to be calculated on the 21st, am I wrong? I don't think so.
7-21-2017 Intel Guru Bruce ...we do know Iraqi citizens’ have been issued new Qi cards and these cards are cards to be used to pay the profits in a profit sharing point of view from oil and natural gas from Iraq. Those cards have been issued and supposed to be activated by midnight tonight [Thursday]. My understanding is they should have available funds on them tomorrow [Friday]... We also believe they will be able to determine the actual rate of the dinar is compared to the dollar, and they should know that tomorrow [Friday] sometime. For that to occur, Iraq would need to have a new rate to use these cards internationally as Master Cards to be used all over the world. They are trading the rates up so when this is revealed to us, it is a very high rate for the currencies we are interested in. What we don’t know is the when. Let us hold fast to the promise it is coming to us and knowing behind the scenes things are happening. I am positive as I ever have been. The timing is right here. [post 2 of 2]
7-21-2017 Intel Guru Bruce Iraq...As far as we know they have done everything they needed to do. They had an addendum to the budget for 2017, 2018, 2019, and 2020 as far as oil prices per barrel. They are planning to make that addendum to the budget available, but it is not yet out. Maybe it will come out tomorrow [Friday]. It has been discussed. Based on the prices of oil per barrel, and other factors in that budget, the addendum will determine the rate of the Iraqi Dinar is. They are getting ready to make that available. They have a new CBI site that will show that rate, and a new IMF office in Bagdad. They are getting ready. There is a whole new banking system in Iraq essentially ready to go. Right now as it is we really don’t have a true international rate out yet. However... [post 1 of 2....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc YES, SOMETHING BIG HAS TO HAPPEN SOON BEFORE WE CAN ENTER THE GLOBAL NEW REALITY. TIME IS RUNNING OUT SINCE WE APPROACH A NEW FISCAL YEAR ON OCTOBER 1ST. ALL NEEDS TO BE IN PLACE LONG BEFORE THAT. ALTHOUGH COUNTRIES HAVE BEEN USING DIGITAL CURRENCIES AT THE COUNTRY TO COUNTRY LEVEL FOR ABOUT 3 YEARS, IT IS HAS ONLY BEEN RECENTLY THAT WE SEE ALL COUNTRIES PREPARED TO COMPLETELY SHIFT TO THE GLOBAL NEW REALITY. AS WE LEAVE THIS U.S. FISCAL YEAR, THE CONCEPT OF VALUE IS ABOUT TO CHANGE. REMEMBER WHAT DOLLAR CONNECTED TO THE DIGITAL DINAR IN FEBRUARY. I WILL LEAVE YOU NOW TO THINK ABOUT WHAT THAT MEANS. WHEN THIS EVENT OCCURS, WHAT WE HAVE ALL BEEN WAITING FOR WILL HAPPEN VERY, VERY, VERY QUICKLY. ALSO ASK YOURSELF WHY BLACK GOLD IS BEING USED AS A CURRENCY AS WELL AS YELLOW GOLD NOW? [IMO] [post 4 of 4]
7-21-2017 Intel/Newshound Guru Backdoc SELLING BONDS IN DOLLARS IS HUGE BECAUSE IT IS THE DIGITAL DOLLAR BONDS THEY WILL SELL. THESE WILL BE THE ASSET-BACKED DOLLAR BONDS. REMEMBER WHAT HAPPENED ON FEBRUARY 8, 2017? RIGHT! THE ASSET-BACKED DINAR FULLY CONNECTED TO THE ASSET-BACKED DIGITAL DOLLAR. ACCORDING TO THE IMF WHITE PAPERS CONCERNING DIGITAL CURRENCIES, THEY CLEARLY INDICATE THAT ASSET BACKED DIGITAL CURRENCIES CAN ONLY FREELY EXCHANGE WITH ANOTHER ASSET BACKED DIGITAL CURRENCY. NON-ASSET BACKED CURRENCIES MUST BE CONVERTED TO BE EXCHANGED. THIS IS A VERY SIGNIFICANT ISSUE! I WILL LEAVE THAT SENSITIVE ISSUE ALONE. [post 3 of 4....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc SOMETIME BETWEEN THE 28TH AND MAY 15TH IRAQ DROPPED THEIR FIRST ZERO AND WENT INTERNATIONAL COUNTRY TO COUNTRY. I BELIEVE IT WAS THE 11TH. THEN ON SUNDAY JUNE 11TH, IRAQ DROPPED THEIR SECOND ZERO. WE SAW THE ARTICLE THAT VALIDATES THIS. IT WAS IMPLEMENTED ON THE 12TH... OF COURSE, THE THIRD ZERO WAS DROPPED AROUND JULY 11TH, IMO. THEY USED CONTRACTS COUNTRY TO COUNTRY TO RAISE THE VALUE OF THEIR CURRENCY. THOSE CONTRACTS WENT FROM THE 10TH TO THE 15TH OF EACH MONTH. ON MAY 15TH THEY WENT INTERNATIONAL AT THE COUNTRY TO COUNTRY LEVEL. THESE ZEROS TO HEROS HAVE ALL HAPPENED SINCE APRIL 21ST. TOMORROW [Friday] WILL CONCLUDE AN AMAZING QUARTER OF IMF REQUIREMENTS. [post 2 of 4....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc SOMETHING HUGE HAS TO HAPPEN PRIOR TO THE PUBLIC VIEWING. THE VERY CONCEPT OF VALUE IS SOON TO BE RE-DETERMINED. THE UNIVERSAL CURRENCY, BLACK GOLD, IS BEING USED FOR SETTLING DEBT WITH THE UNITED STATES, NOT PETRO DOLLARS. MMMMM. RUSSIA IS SETTLING DEBTS IN THE YELLOW METAL. YES, TOMORROW BRINGS US TO A 90 DAY WINDOW FROM THE DAY WE ALL REMEMBER ON APRIL 21ST WHEN THE TWO SHIA BROTHERS [Iraq and Iran] MET IN D.C. WITH THE IMF AND WB. WE KNEW THEN, THAT THE SHIA BROTHERS WERE GIVEN A RATE TO START WITH BY THE IMF. A COUPLE DAYS LATER, IRAQ RECEIVED A DEMAND LETTER TO RV THEIR CURRENCY, WHICH THEY DID ON THE 28TH. [post 1 of 4....stay tuned]
7-21-2017 Intel/Newshound Guru tman23 [Didn't I read where the 000 notes would be accepted for 10 years?] IMO...to keep this idea that it will be in market for 10 years is irresponsible.. ...if the 3 zero notes have a large value it will be for a very short time period...Anyone who wants to wait for 85 cents to a dinar grow to $3 and a 3 zero note become worth say 75k...Best of luck to you... [Also, haven't they been removing 000 notes for a long time...a "Project" ...thereby reducing the money supply gradually.] IMO...the money count in circulation is around 18 trillion...Thus why they are saying they can cover it 3 times with the 50 billion in reserves. [what are you saying no RV?] No, I am not saying no RV...MY stance and point remains the same...A some point they are going to introduce the new currency and lift the 3 zeros...the speculation remains on how the 3 zero notes will be treated at the exchange window... [post 2 of 2]
7-21-2017 Intel/Newshound Guru tman23 ...the new currency will be an introduction to something more important...LIFTING THE 3 ZEROS...And I was oh so hoping to see a campaign on the intro to the new currency going into the 15th...They just can't put it out on the street without education on security features and value...THE FLOAT THEORY WORKS ON THE NEW CURRENCY BUT ON 3 ZERO NOTES EVERY PENNY WIPES HUGE RESERVES FROM THE CBI...we need signs and an intro of the new currency first. [post 1 of 2....stay tuned]
7-21-2017 Newshound Guru MilitiaMan Article: "Iraqi Parliament: Law "National Oil" below the level of ambition" Looks like one helluva Trigger Article? Hydro Carbon and the Citizens get paid? Third reading is to Pass Go into the Gazzette and collect your 95% E-Dinar / 5% cash Dinar to the citizens or lower Denoms if you will, ATMs to start flashing green early or at least on time of the approximate two week time line suggested...If my thinking is on, they will activate the pay scale accordingly...on the 21st of July for disbursement on the 28th of July, that would have had to be calculated on the 21st, am I wrong? I don't think so.
7-21-2017 Intel Guru Bruce ...we do know Iraqi citizens’ have been issued new Qi cards and these cards are cards to be used to pay the profits in a profit sharing point of view from oil and natural gas from Iraq. Those cards have been issued and supposed to be activated by midnight tonight [Thursday]. My understanding is they should have available funds on them tomorrow [Friday]... We also believe they will be able to determine the actual rate of the dinar is compared to the dollar, and they should know that tomorrow [Friday] sometime. For that to occur, Iraq would need to have a new rate to use these cards internationally as Master Cards to be used all over the world. They are trading the rates up so when this is revealed to us, it is a very high rate for the currencies we are interested in. What we don’t know is the when. Let us hold fast to the promise it is coming to us and knowing behind the scenes things are happening. I am positive as I ever have been. The timing is right here. [post 2 of 2]
7-21-2017 Intel Guru Bruce Iraq...As far as we know they have done everything they needed to do. They had an addendum to the budget for 2017, 2018, 2019, and 2020 as far as oil prices per barrel. They are planning to make that addendum to the budget available, but it is not yet out. Maybe it will come out tomorrow [Friday]. It has been discussed. Based on the prices of oil per barrel, and other factors in that budget, the addendum will determine the rate of the Iraqi Dinar is. They are getting ready to make that available. They have a new CBI site that will show that rate, and a new IMF office in Bagdad. They are getting ready. There is a whole new banking system in Iraq essentially ready to go. Right now as it is we really don’t have a true international rate out yet. However... [post 1 of 2....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc YES, SOMETHING BIG HAS TO HAPPEN SOON BEFORE WE CAN ENTER THE GLOBAL NEW REALITY. TIME IS RUNNING OUT SINCE WE APPROACH A NEW FISCAL YEAR ON OCTOBER 1ST. ALL NEEDS TO BE IN PLACE LONG BEFORE THAT. ALTHOUGH COUNTRIES HAVE BEEN USING DIGITAL CURRENCIES AT THE COUNTRY TO COUNTRY LEVEL FOR ABOUT 3 YEARS, IT IS HAS ONLY BEEN RECENTLY THAT WE SEE ALL COUNTRIES PREPARED TO COMPLETELY SHIFT TO THE GLOBAL NEW REALITY. AS WE LEAVE THIS U.S. FISCAL YEAR, THE CONCEPT OF VALUE IS ABOUT TO CHANGE. REMEMBER WHAT DOLLAR CONNECTED TO THE DIGITAL DINAR IN FEBRUARY. I WILL LEAVE YOU NOW TO THINK ABOUT WHAT THAT MEANS. WHEN THIS EVENT OCCURS, WHAT WE HAVE ALL BEEN WAITING FOR WILL HAPPEN VERY, VERY, VERY QUICKLY. ALSO ASK YOURSELF WHY BLACK GOLD IS BEING USED AS A CURRENCY AS WELL AS YELLOW GOLD NOW? [IMO] [post 4 of 4]
7-21-2017 Intel/Newshound Guru Backdoc SELLING BONDS IN DOLLARS IS HUGE BECAUSE IT IS THE DIGITAL DOLLAR BONDS THEY WILL SELL. THESE WILL BE THE ASSET-BACKED DOLLAR BONDS. REMEMBER WHAT HAPPENED ON FEBRUARY 8, 2017? RIGHT! THE ASSET-BACKED DINAR FULLY CONNECTED TO THE ASSET-BACKED DIGITAL DOLLAR. ACCORDING TO THE IMF WHITE PAPERS CONCERNING DIGITAL CURRENCIES, THEY CLEARLY INDICATE THAT ASSET BACKED DIGITAL CURRENCIES CAN ONLY FREELY EXCHANGE WITH ANOTHER ASSET BACKED DIGITAL CURRENCY. NON-ASSET BACKED CURRENCIES MUST BE CONVERTED TO BE EXCHANGED. THIS IS A VERY SIGNIFICANT ISSUE! I WILL LEAVE THAT SENSITIVE ISSUE ALONE. [post 3 of 4....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc SOMETIME BETWEEN THE 28TH AND MAY 15TH IRAQ DROPPED THEIR FIRST ZERO AND WENT INTERNATIONAL COUNTRY TO COUNTRY. I BELIEVE IT WAS THE 11TH. THEN ON SUNDAY JUNE 11TH, IRAQ DROPPED THEIR SECOND ZERO. WE SAW THE ARTICLE THAT VALIDATES THIS. IT WAS IMPLEMENTED ON THE 12TH... OF COURSE, THE THIRD ZERO WAS DROPPED AROUND JULY 11TH, IMO. THEY USED CONTRACTS COUNTRY TO COUNTRY TO RAISE THE VALUE OF THEIR CURRENCY. THOSE CONTRACTS WENT FROM THE 10TH TO THE 15TH OF EACH MONTH. ON MAY 15TH THEY WENT INTERNATIONAL AT THE COUNTRY TO COUNTRY LEVEL. THESE ZEROS TO HEROS HAVE ALL HAPPENED SINCE APRIL 21ST. TOMORROW [Friday] WILL CONCLUDE AN AMAZING QUARTER OF IMF REQUIREMENTS. [post 2 of 4....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc SOMETHING HUGE HAS TO HAPPEN PRIOR TO THE PUBLIC VIEWING. THE VERY CONCEPT OF VALUE IS SOON TO BE RE-DETERMINED. THE UNIVERSAL CURRENCY, BLACK GOLD, IS BEING USED FOR SETTLING DEBT WITH THE UNITED STATES, NOT PETRO DOLLARS. MMMMM. RUSSIA IS SETTLING DEBTS IN THE YELLOW METAL. YES, TOMORROW BRINGS US TO A 90 DAY WINDOW FROM THE DAY WE ALL REMEMBER ON APRIL 21ST WHEN THE TWO SHIA BROTHERS [Iraq and Iran] MET IN D.C. WITH THE IMF AND WB. WE KNEW THEN, THAT THE SHIA BROTHERS WERE GIVEN A RATE TO START WITH BY THE IMF. A COUPLE DAYS LATER, IRAQ RECEIVED A DEMAND LETTER TO RV THEIR CURRENCY, WHICH THEY DID ON THE 28TH. [post 1 of 4....stay tuned]
7-20-2017 Newshound/Intel Guru Mnt Goat I quote from another article by the CBI: "The Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," noting that "the central bank has began the first steps of the project through the selection of designs, companies and the country in which it will be printed currencies". It says nothing about an RV in the beginning of 2017. ...It says the CBI is expected to start the implementation of the project in the beginning of 2017. That is all it says. So there must be plan and they told us there is a plan. The CBI is moving forward and I believe (until I am told otherwise by the CBI) that the fully intend to recover the dinar to its glory days and thus be worth something substantial and do it by the end of 2017.
7-20-2017 Newshound Guru Kaperoni Article: "Hakim meets with Governor of the Central Bank of the economic reality and the reconstruction of the liberated areas" Like I said years ago, If you research the steps to the transition to a market economy, you will see that activation of the banking sector is a step in the process if not the #1 step. We are seeing that today in these articles as they call for the CBI to take that step. There is no way around it. We should be excited that they are at this point...hopefully the CBI will begin this process very soon.
7-20-2017 Intel Guru Frank26 So...what is SIGNIFICANT about these BONDS? It involves JP Morgan/Chase, CITI, Deutsche Bank. These banks are going to help Iraq hit the INTERNATIONAL market. BUT THEY’RE NOT INTERNATIONAL YET! This is a progress of the MR. They are sending an INTERNATIONAL MESSAGE. Are we selling the BONDS at 1184...they are being sold at the DOLLAR RATE! WOW! These are NOT in IQD’s. If they were...that would “TIP-THE-HAND” to speculators (2nd set of books) as they lift the 3 zeros. That could cause problems. They have the support of the IMF to do that. The countries are going to see the CREDIT RATING OF IRAQ RISE. These BONDS / CREDIT RATING will help in the regulation of the currency inside of Iraq. These bonds will FUEL their budget. The IMF DEMANDS for them to FINISH their budget! The IMF will stop ALL funding...NO MORE EXCUSES! Take this money... use it...bring you budget out...that requires a new rate...just like the tankers are being used to deal with the exchange that is soon to come. The INTERNATIONAL WORLD is very excited...Iraq is ready to FLY!
7-20-2017 Intel Guru Frank26 “Our Friend” in Iraq (Walkingstick) called me yesterday...Our Friend got information of what Iraq and the USA is about to do. ...Iraq plans to sell American style BONDS this JULY. Now that we have MOSUL...things are traveling at the speed of light! ...they are going to sell BONDS … American Dollar Bonds...BUT...they will NOT be backed by the US Government. That is an INTERNATIONAL ACT/MOVEMENT...that would be Article VIII...right? They are going to sell these bonds this month in JULY...(1 BILLION AMERICAN DOLLARS WORTH) --- wow! Impressive...but the citizens are not going to buy these. (Pretty smart huh?!) The citizens bought the bonds offered in January. Is this a joke? At 1184. No...it’s a PLAN! (Rather brilliant) – lots of DEALS made with AMERICA. [post 1 of 2....stay tuned]
7-20-2017 Newshound Guru Aggiedad77 Article: "Jordan's private sector is considering the establishment of a permanent trade center in Iraq" Private sector from Jordan coming into Iraq...this is good news...did they muscle their way to the front of the LL [Long Line]...and a very proactive and forward step IMO...good to see them working together across borders and cultures to some degree...maybe their "private sector" can show the Iraqi "private sector" how to get it done...you scrub my back and I'll scrub yours sort of thing.
7-20-2017 Newshound Guru Enorrste Article: "Central Bank: Iraq reserves reassured and more than three times the monetary mass inside " Talk about a confusing article! We have an actual CBI spokesman claiming that their reserves are "three times" the amount of cash in circulation. But from their own site...their cash in circulation is 57 trillion dinars, or about $50 billion. Thus, unless their reserves are $150 billion this article makes no sense at all. Sounds to me like they "may" have about 100% coverage of their currency, which is good by any standard, but I don't understand how he comes up with "three times."
7-20-2017 Newshound Guru Kaperoni ...Iraq does not know what there currency is worth technically because it is pegged and market forces have not taken over. That being said...they will open to the market at the current rate and let it rise based on pressure created through the CBI capital account as market forces take over. Do not expect it to RV or go up overnight...this will take time. As well, the CBI can profit in commissions along the way.
7-20-2017 Newshound Guru Kaperoni Article: "Hakim meets with Governor of the Central Bank of the economic reality and the reconstruction of the liberated areas" Like I said years ago, If you research the steps to the transition to a market economy, you will see that activation of the banking sector is a step in the process if not the #1 step. We are seeing that today in these articles as they call for the CBI to take that step. There is no way around it. We should be excited that they are at this point...hopefully the CBI will begin this process very soon.
7-20-2017 Intel Guru Frank26 So...what is SIGNIFICANT about these BONDS? It involves JP Morgan/Chase, CITI, Deutsche Bank. These banks are going to help Iraq hit the INTERNATIONAL market. BUT THEY’RE NOT INTERNATIONAL YET! This is a progress of the MR. They are sending an INTERNATIONAL MESSAGE. Are we selling the BONDS at 1184...they are being sold at the DOLLAR RATE! WOW! These are NOT in IQD’s. If they were...that would “TIP-THE-HAND” to speculators (2nd set of books) as they lift the 3 zeros. That could cause problems. They have the support of the IMF to do that. The countries are going to see the CREDIT RATING OF IRAQ RISE. These BONDS / CREDIT RATING will help in the regulation of the currency inside of Iraq. These bonds will FUEL their budget. The IMF DEMANDS for them to FINISH their budget! The IMF will stop ALL funding...NO MORE EXCUSES! Take this money... use it...bring you budget out...that requires a new rate...just like the tankers are being used to deal with the exchange that is soon to come. The INTERNATIONAL WORLD is very excited...Iraq is ready to FLY!
7-20-2017 Intel Guru Frank26 “Our Friend” in Iraq (Walkingstick) called me yesterday...Our Friend got information of what Iraq and the USA is about to do. ...Iraq plans to sell American style BONDS this JULY. Now that we have MOSUL...things are traveling at the speed of light! ...they are going to sell BONDS … American Dollar Bonds...BUT...they will NOT be backed by the US Government. That is an INTERNATIONAL ACT/MOVEMENT...that would be Article VIII...right? They are going to sell these bonds this month in JULY...(1 BILLION AMERICAN DOLLARS WORTH) --- wow! Impressive...but the citizens are not going to buy these. (Pretty smart huh?!) The citizens bought the bonds offered in January. Is this a joke? At 1184. No...it’s a PLAN! (Rather brilliant) – lots of DEALS made with AMERICA. [post 1 of 2....stay tuned]
7-20-2017 Newshound Guru Aggiedad77 Article: "Jordan's private sector is considering the establishment of a permanent trade center in Iraq" Private sector from Jordan coming into Iraq...this is good news...did they muscle their way to the front of the LL [Long Line]...and a very proactive and forward step IMO...good to see them working together across borders and cultures to some degree...maybe their "private sector" can show the Iraqi "private sector" how to get it done...you scrub my back and I'll scrub yours sort of thing.
7-20-2017 Newshound Guru Enorrste Article: "Central Bank: Iraq reserves reassured and more than three times the monetary mass inside " Talk about a confusing article! We have an actual CBI spokesman claiming that their reserves are "three times" the amount of cash in circulation. But from their own site...their cash in circulation is 57 trillion dinars, or about $50 billion. Thus, unless their reserves are $150 billion this article makes no sense at all. Sounds to me like they "may" have about 100% coverage of their currency, which is good by any standard, but I don't understand how he comes up with "three times."
7-20-2017 Newshound Guru Kaperoni ...Iraq does not know what there currency is worth technically because it is pegged and market forces have not taken over. That being said...they will open to the market at the current rate and let it rise based on pressure created through the CBI capital account as market forces take over. Do not expect it to RV or go up overnight...this will take time. As well, the CBI can profit in commissions along the way.
7-19-2017 Newshound Guru G-Lin I wouldn't consider Iraq very stable currently but as far as investors are concerned they are flooding into Iraq. I think the victory in Mosul opened the gate. This is the beginning of the explosion of the economic world for Iraq. They are being welcomed internationally with open arms. Exciting times for a change. And all of this excitement from countries all over the world and yet Iraq has a very low valued artificially imposed currency rate. That will not last. JMO.
7-19-2017 Intel/Newshound Guru tman23 [do you still feel we're now in a position where the RV won't happen until next year?] We are alive IMO until the end of July...once numbers post for the first month of the second semester for their financial year with no change...then it is 2018 for sure...
7-19-2017 Newshound Guru Enorrste Article: "The Central Bank is a committee to open relations with foreign banks and participate in an international conference soon" Quote: "...the formation of the Iraqi Central Bank Committee to open relations with the Arab and foreign banks, while confirming that Iraq will attend a large Arab conference in New York City during the month of October next." Wow! Why in the world would Iraq leap into the world banking market with a conference in New York unless it fully intends to join the world economic community (as stated by the IMF last year)? This is a huge commitment on the part of Iraq. Think about it: would they dare to enter into a world conference on banking without an open currency? I seriously doubt it. This may well be a hint to us that they are preparing to open up the currency to the world market PRIOR to October. Time will tell...
7-19-2017 Intel Guru RayRen98 [Based on Monday's expectations for this week, and since there is no new intel, Are we still on track for this week?] Yes, because there’s nothing to indicate otherwise. [Do you believe that the Iraqi fils (coins) will be released to the public this month?] Yes, I have the expectation, mainly because I don’t have any contrary information that it will not. [...article...: "We are Stabilizing IQD Exchange Rate without a space for Speculation: CBI Governor." ...what are your thoughts about it?] ...Anything they put out now should not be a surprise. We are just waiting for the green light, and if they want to tell us anything else, that’s the political or bureaucratic process. They’re not telling us something we didn’t already know.
7-19-2017 Newshound Guru MilitiaMan Well, lets think about those five ships. And we shall not wonder why they were arriving under the "cloak of darkness." If you will! More ships on the way and publicly we here in opinions offered! The Bonds being sold in the past had a ...poor track record in Dinars. No wonder why at a 1184ID/1USD? Lol These new international bonds are not IMO at a program rate, as they say they are international above, worth up to $1 billion USD. Lets say those five ships were the big boys seeding at 500,000,000 tons each @ about 7.5 brls per tonnne. That is about 3,750,000 brls per ship or about 18,750,000 brls total... Lets say they got the best deal recently they could and sold for $49.00 a brl. That is about $918,750,000... There is your backing for the Bonds that the USAID need not back, as the Iraq pipeline fed the SA refineries to load SA ships to cloak into the USA to be tested for purity and good faith if you will, possibly! Iraq payments in swing for war re payments? Food for thought.. imo. [post 2 of 2]
7-19-2017 Newshound Guru MilitiaMan Article “Iraq plans to sell us dollar bond deal in coming weeks – sources” The interesting thing about this one is they are expected to be International. But, one might ask are they yet? They say they are above based on selling the bonds to come shortly, as in next week...real close. The council of ministers permitted the issuance of the bonds in the amount of US $1 billion. Really? No guarantee by the USAID. But by JP Morgan, Citi Bank, Deutsche Bank, Etc.. (...there is not a need for the USA to do so, the Banks are.) Where did the seed money come from for the Banks to pony up? Well school is now in session... So did we not here about 5 tankers landing...? We did... [post 1 of 2....stay tuned]
7-19-2017 Newshound Guru mike ...the dinar and Iraq's monetary/economic policies are definitely under fire. I think that's why we've seen the recent spate of articles trying to reassure everyone that things are ok and Iraq is moving forward. I also think that's why they're bluffing in regards to the amount in reserves, they think it will give the dinar more confidence. The writings on the wall, without change all the BS in the world won't change the reality, Iraq will have burned through the reserves and become another failed state.
7-19-2017 Newshound Guru Peggy68 IMO, Iraq, IMF, SBA , with many other Global Agencies, as well as Iraq's Leaders have accomplished so much over the years. This would lead us to believe they have prepared and met what has been required to be completed prior to going INTERNATIONAL.
7-19-2017 Newshound Guru Enorrste Article: "Masood Haider warns IMF stopped supporting Iraq because of the supplementary budget" Quote: "adding that " the supplementary budget came at the request of the Fund international Monetary and , if not completed and voted on before the end of this month, the IMF will stop supporting Iraq ." For years the IMF has "spoken softly" to Iraq and has watched with a limited amount of patience as Iraq has diddled away, failing to fulfill its commitments. We now see that the IMF (trustee of the CBI, as we recall) also "carries a big stick." This is no idle threat either. I'm actually somewhat surprised that they have put this so plainly, threatening to pull out all support for Iraq if they do not comply. I suspect, however, that their patience, like our own, has come to an end. They made a commitment to bring Iraq into the world market "early this year" some time last year and we are not [now?] in the second half of the year. So they have egg on their own faces at this point. No wonder they are pissed!
7-19-2017 Intel Guru Bruce Iraq issued Qi cards to their citizens, and dual citizens. Those have had another increase in pay and back pay on Sunday. That is very positive. I don’t know what the actual rate of the dinar is. I heard roughly where we might be. Iraq is paying their citizens more on those cards now than they ever have. When are we going to see the new Iraqi dinar rate posted on CBI or on a Forex site? I can’t tell you. Basically in a nut shell, everything is done and ready. Everything is complete. For what we understand nothing else we are waiting for except the notification. You couldn’t be in a better position than you are right now. I am excited as I have ever been. I think we are very close to the end.
7-19-2017 Intel/Newshound Guru tman23 [do you still feel we're now in a position where the RV won't happen until next year?] We are alive IMO until the end of July...once numbers post for the first month of the second semester for their financial year with no change...then it is 2018 for sure...
7-19-2017 Newshound Guru Enorrste Article: "The Central Bank is a committee to open relations with foreign banks and participate in an international conference soon" Quote: "...the formation of the Iraqi Central Bank Committee to open relations with the Arab and foreign banks, while confirming that Iraq will attend a large Arab conference in New York City during the month of October next." Wow! Why in the world would Iraq leap into the world banking market with a conference in New York unless it fully intends to join the world economic community (as stated by the IMF last year)? This is a huge commitment on the part of Iraq. Think about it: would they dare to enter into a world conference on banking without an open currency? I seriously doubt it. This may well be a hint to us that they are preparing to open up the currency to the world market PRIOR to October. Time will tell...
7-19-2017 Intel Guru RayRen98 [Based on Monday's expectations for this week, and since there is no new intel, Are we still on track for this week?] Yes, because there’s nothing to indicate otherwise. [Do you believe that the Iraqi fils (coins) will be released to the public this month?] Yes, I have the expectation, mainly because I don’t have any contrary information that it will not. [...article...: "We are Stabilizing IQD Exchange Rate without a space for Speculation: CBI Governor." ...what are your thoughts about it?] ...Anything they put out now should not be a surprise. We are just waiting for the green light, and if they want to tell us anything else, that’s the political or bureaucratic process. They’re not telling us something we didn’t already know.
7-19-2017 Newshound Guru MilitiaMan Well, lets think about those five ships. And we shall not wonder why they were arriving under the "cloak of darkness." If you will! More ships on the way and publicly we here in opinions offered! The Bonds being sold in the past had a ...poor track record in Dinars. No wonder why at a 1184ID/1USD? Lol These new international bonds are not IMO at a program rate, as they say they are international above, worth up to $1 billion USD. Lets say those five ships were the big boys seeding at 500,000,000 tons each @ about 7.5 brls per tonnne. That is about 3,750,000 brls per ship or about 18,750,000 brls total... Lets say they got the best deal recently they could and sold for $49.00 a brl. That is about $918,750,000... There is your backing for the Bonds that the USAID need not back, as the Iraq pipeline fed the SA refineries to load SA ships to cloak into the USA to be tested for purity and good faith if you will, possibly! Iraq payments in swing for war re payments? Food for thought.. imo. [post 2 of 2]
7-19-2017 Newshound Guru MilitiaMan Article “Iraq plans to sell us dollar bond deal in coming weeks – sources” The interesting thing about this one is they are expected to be International. But, one might ask are they yet? They say they are above based on selling the bonds to come shortly, as in next week...real close. The council of ministers permitted the issuance of the bonds in the amount of US $1 billion. Really? No guarantee by the USAID. But by JP Morgan, Citi Bank, Deutsche Bank, Etc.. (...there is not a need for the USA to do so, the Banks are.) Where did the seed money come from for the Banks to pony up? Well school is now in session... So did we not here about 5 tankers landing...? We did... [post 1 of 2....stay tuned]
7-19-2017 Newshound Guru mike ...the dinar and Iraq's monetary/economic policies are definitely under fire. I think that's why we've seen the recent spate of articles trying to reassure everyone that things are ok and Iraq is moving forward. I also think that's why they're bluffing in regards to the amount in reserves, they think it will give the dinar more confidence. The writings on the wall, without change all the BS in the world won't change the reality, Iraq will have burned through the reserves and become another failed state.
7-19-2017 Newshound Guru Peggy68 IMO, Iraq, IMF, SBA , with many other Global Agencies, as well as Iraq's Leaders have accomplished so much over the years. This would lead us to believe they have prepared and met what has been required to be completed prior to going INTERNATIONAL.
7-19-2017 Newshound Guru Enorrste Article: "Masood Haider warns IMF stopped supporting Iraq because of the supplementary budget" Quote: "adding that " the supplementary budget came at the request of the Fund international Monetary and , if not completed and voted on before the end of this month, the IMF will stop supporting Iraq ." For years the IMF has "spoken softly" to Iraq and has watched with a limited amount of patience as Iraq has diddled away, failing to fulfill its commitments. We now see that the IMF (trustee of the CBI, as we recall) also "carries a big stick." This is no idle threat either. I'm actually somewhat surprised that they have put this so plainly, threatening to pull out all support for Iraq if they do not comply. I suspect, however, that their patience, like our own, has come to an end. They made a commitment to bring Iraq into the world market "early this year" some time last year and we are not [now?] in the second half of the year. So they have egg on their own faces at this point. No wonder they are pissed!
7-19-2017 Intel Guru Bruce Iraq issued Qi cards to their citizens, and dual citizens. Those have had another increase in pay and back pay on Sunday. That is very positive. I don’t know what the actual rate of the dinar is. I heard roughly where we might be. Iraq is paying their citizens more on those cards now than they ever have. When are we going to see the new Iraqi dinar rate posted on CBI or on a Forex site? I can’t tell you. Basically in a nut shell, everything is done and ready. Everything is complete. For what we understand nothing else we are waiting for except the notification. You couldn’t be in a better position than you are right now. I am excited as I have ever been. I think we are very close to the end.
7-18-2017 Intel Guru Frank26 The MasterCard...can they go international at 1184? Yes – but the key is...that this MasterCard is a vehicle to carry the program rate into trade and commerce. Do you think that Iraq wants to stay at a program rate? They would be chump-change...an embarrassment. It has to be a NEW rate. Iraq is no longer in the stone age. They are poised. The speed-of-light of the MR increases. ...they are adding 90 tons of gold to what they already have...for their RESERVES! What the heck are you going to do with your reserves? LOL Countries are salivating to be in Iraq’s position – even at a program rate. Alak said that the CBI is seeking a balance with the currency and the price of oil. That is so beautiful to our ears. The EXCHANGE RATE in Iraq VS. the EXCHANGE RATE outside of Iraq – that is what we are waiting for... the timing is going so fast...
7-18-2017 Newshound Guru Kaperoni Article: "Central announces solutions to avoid a shortage of dollar "deviation" in the price of holidays" They should have been doing this all along. Taking days off allows for the spread to increase due to a shortage. I would guess the IMF had a hand in this to get them to start attempting to get in compliance...and the CBI trying to minimize losses by only holding auctions on a schedule. But the reality is the fix is not to conserve dollars, it is to weed out the corruption.
7-18-2017 Newshound/Intel Guru Mnt Goat ...the bank seeks to balance the sale of the dollar and maintain it," noting that "the balance in foreign currency is sufficient as it was in previous years there is no margin and area of speculation and achieve large profits, corruption is controlled. So this his second quarter 2017 state of the CBI address. It is all very good and moving in the direction of post ISIS and better than pre-war and pre-embargo. It is exactly what the IMF, World Bank, WTO and any other three letter organization needs to see happen. Folks it is all coming together almost like a miracle right in front of our eyes. Be patient, as “good things come to those who wait”. [post 2 of 2]
7-18-2017 Newshound/Intel Guru Mnt Goat So what did the CBI have to say? Articles: "Central Bank confirms the "robustness" of the Iraqi reserves according to international indicators "reassuring" "Central Bank: Our control of the dollar price confirms our foreign independence" "Central Bank seeks to balance between two goals" If you can summarize the tone of the articles and draw conclusions...we can see that the CBI (Ali Al-Alak) is trying to paint a rosy, optimistic picture in the areas of the economy that they have been responsible for. The reserves are up, the revenue is flowing on the positive side, they are keeping inflation under control, maintaining Iraqi’s foreign independence by controlling the dollar and stabilizing the currency... [post 1 of 2....stay tuned]
7-18-2017 Intel Guru Frank26 Eventually...ForEx should be next...Sunday into Monday...1st week in August...I DON’T CARE! The UST has to have funds for this...that’s what I care about! The CBI is asking for them to ACTIVATE the links between the websites NOW! Saturday or Sunday... [Guru] Delta came in and posts that the Bank is asking for the ACTIVATION of MasterCard for INSIDE and OUTSIDE of Iraq...Look at the timing. That’s an IMF REQUIREMENT, isn’t it. Why are you saying that Iraq can come out at 1184 with their MasterCard? They can...BUT no one is going to use it. If the MasterCard is used internationally ...they would need to raise the value of their currency. The CBI was not ready to lift the 3 zeros back in January...BUT THEY ARE NOW...and they talk like they are! The IMF, WB, IMF are poised and eager to see the monetary reform advance. There are NO MORE REASONS why not to raise the value of the dinar now. [post 3 of 3]
7-18-2017 Intel Guru Frank26 ...do you remember about 3 weeks ago when President Trump toured the Middle East? Did he visit Iraq? No – because he didn’t have too. He went to SA – the birthplace of the Petro-Dollar. What did he do there? He made DEALS right? BIG OIL DEALS. I believe there was a TRI-Agreement control between the UK, Iraq and SA. The USA took control of 5 oil tankers from SA. America has dinars in the US Treasury...but these 5 Oil Tankers … sells for Petro Dollars...funds into the US Treasury. Brilliant deal! -- nothing to do with OPEC. THE USA has enough set aside to cover the RV...there is your exchange... IMO ... the banks have been seeded. The citizens of Iraq will NOT see this – they only see their currency in Iraq. These 5 ships are PARTIAL PAYMENTS...IMO. All of the agreed terms have not been done yet. More ships will come. This is the start of it. SA and Trump agreement is NOW ON. We took 5 tankers to sour the milk of oil and seed the banks for the RV. This is ALL GOOD … and now we simply wait. The RV is coming. [post 2 of 3....stay tuned]
7-18-2017 Intel Guru Frank26 There are NEW RULES and REGULATIONS by the CBI – telling all of their banks/branches...what they are about to do. ...they are sending memos to the money changers (who are in trouble) because they are...using unfair practices...IMO – this is the delay of the RV because they counter the effects of the CBI. They need to control these things --- AND THEY ARE! The RTGS is an electronic system...sends money to another country … banks process without physical cash. This electronic system works from bank to bank – not in days – but in the blink of an eye! The eDinar will be secure... receive/send...Iraq will control their dinars which is an IMF requirement. This screams INTERNATIONAL... [post 1 of 3....stay tuned]
7-18-2017 Newshound Guru mike Article: "United Nations envoy to Iraq: We call on Baghdad and Erbil to enter a dialogue on the fate of the region" Now we're talking: "we demand that Baghdad and the Kurdistan Regional Government on the application of Article 140 of the disputed areas." This is what $5 billion in loans buys you, the ability to demand that these guys quit fighting and apply the laws in the constitution. Good stuff.
7-18-2017 Newshound Guru Kaperoni Article: "Central announces solutions to avoid a shortage of dollar "deviation" in the price of holidays" They should have been doing this all along. Taking days off allows for the spread to increase due to a shortage. I would guess the IMF had a hand in this to get them to start attempting to get in compliance...and the CBI trying to minimize losses by only holding auctions on a schedule. But the reality is the fix is not to conserve dollars, it is to weed out the corruption.
7-18-2017 Newshound/Intel Guru Mnt Goat ...the bank seeks to balance the sale of the dollar and maintain it," noting that "the balance in foreign currency is sufficient as it was in previous years there is no margin and area of speculation and achieve large profits, corruption is controlled. So this his second quarter 2017 state of the CBI address. It is all very good and moving in the direction of post ISIS and better than pre-war and pre-embargo. It is exactly what the IMF, World Bank, WTO and any other three letter organization needs to see happen. Folks it is all coming together almost like a miracle right in front of our eyes. Be patient, as “good things come to those who wait”. [post 2 of 2]
7-18-2017 Newshound/Intel Guru Mnt Goat So what did the CBI have to say? Articles: "Central Bank confirms the "robustness" of the Iraqi reserves according to international indicators "reassuring" "Central Bank: Our control of the dollar price confirms our foreign independence" "Central Bank seeks to balance between two goals" If you can summarize the tone of the articles and draw conclusions...we can see that the CBI (Ali Al-Alak) is trying to paint a rosy, optimistic picture in the areas of the economy that they have been responsible for. The reserves are up, the revenue is flowing on the positive side, they are keeping inflation under control, maintaining Iraqi’s foreign independence by controlling the dollar and stabilizing the currency... [post 1 of 2....stay tuned]
7-18-2017 Intel Guru Frank26 Eventually...ForEx should be next...Sunday into Monday...1st week in August...I DON’T CARE! The UST has to have funds for this...that’s what I care about! The CBI is asking for them to ACTIVATE the links between the websites NOW! Saturday or Sunday... [Guru] Delta came in and posts that the Bank is asking for the ACTIVATION of MasterCard for INSIDE and OUTSIDE of Iraq...Look at the timing. That’s an IMF REQUIREMENT, isn’t it. Why are you saying that Iraq can come out at 1184 with their MasterCard? They can...BUT no one is going to use it. If the MasterCard is used internationally ...they would need to raise the value of their currency. The CBI was not ready to lift the 3 zeros back in January...BUT THEY ARE NOW...and they talk like they are! The IMF, WB, IMF are poised and eager to see the monetary reform advance. There are NO MORE REASONS why not to raise the value of the dinar now. [post 3 of 3]
7-18-2017 Intel Guru Frank26 ...do you remember about 3 weeks ago when President Trump toured the Middle East? Did he visit Iraq? No – because he didn’t have too. He went to SA – the birthplace of the Petro-Dollar. What did he do there? He made DEALS right? BIG OIL DEALS. I believe there was a TRI-Agreement control between the UK, Iraq and SA. The USA took control of 5 oil tankers from SA. America has dinars in the US Treasury...but these 5 Oil Tankers … sells for Petro Dollars...funds into the US Treasury. Brilliant deal! -- nothing to do with OPEC. THE USA has enough set aside to cover the RV...there is your exchange... IMO ... the banks have been seeded. The citizens of Iraq will NOT see this – they only see their currency in Iraq. These 5 ships are PARTIAL PAYMENTS...IMO. All of the agreed terms have not been done yet. More ships will come. This is the start of it. SA and Trump agreement is NOW ON. We took 5 tankers to sour the milk of oil and seed the banks for the RV. This is ALL GOOD … and now we simply wait. The RV is coming. [post 2 of 3....stay tuned]
7-18-2017 Intel Guru Frank26 There are NEW RULES and REGULATIONS by the CBI – telling all of their banks/branches...what they are about to do. ...they are sending memos to the money changers (who are in trouble) because they are...using unfair practices...IMO – this is the delay of the RV because they counter the effects of the CBI. They need to control these things --- AND THEY ARE! The RTGS is an electronic system...sends money to another country … banks process without physical cash. This electronic system works from bank to bank – not in days – but in the blink of an eye! The eDinar will be secure... receive/send...Iraq will control their dinars which is an IMF requirement. This screams INTERNATIONAL... [post 1 of 3....stay tuned]
7-18-2017 Newshound Guru mike Article: "United Nations envoy to Iraq: We call on Baghdad and Erbil to enter a dialogue on the fate of the region" Now we're talking: "we demand that Baghdad and the Kurdistan Regional Government on the application of Article 140 of the disputed areas." This is what $5 billion in loans buys you, the ability to demand that these guys quit fighting and apply the laws in the constitution. Good stuff.
7-17-2017 Newshound Guru Kaperoni No chance [Guru] MIke of any replacement now. The IMF and WB know what happens when a replacement takes over (at least a 2 year delay) slowing progress. Ali al-Allaq is our man for the time being through this reform process. [reference Guru mike 7-17-2017]
7-17-2017 Newshound Guru mike Article: "Advisor to the Prime Minister: No fears of the collapse of the value of the dinar against foreign currencies" Quote: "...the stable dinar exchange rate against foreign currencies and there are no fears of deterioration of its value..." There's obvious pressure and skepticism regarding the dinar, these types of articles are meant to restore confidence in not only the currency, but the GOI as a whole. One giant way to move forward is replace the proxy CBI Governor with an actual economist on par with Shabibi with no ties to the executive branch...
7-17-2017 Intel Guru Frank26 [Do you know when the MasterCard message was added to the Rafidain bank website?] YESTERDAY. [Did they initiate the RV process on Friday or Saturday?] NANO SECONDS AFTER MOSUL. [how will the [RV] launch be revealed?] ONLY BY THE CBI POSTING THE NEW RATE NOTHING ELSE COUNTS. [IYO, Does Iraq have the capacity and capability to withhold from posting a new trade-able rate on the CBI W/S (if they choose to), for an agreed or negotiated period of time?] YES! [When do you expect the rate to change?] IMO THIS YEAR. IMO EVERY SECOND HAS POTENTIAL NOW.
7-17-2017 Intel Guru RayRen98 The facts as they stand right now is that we are not headed to the bank – yet. But still, we know it is coming, and should be soon. We have rock solid information that this will happen, and we don’t know when, but we do have indicators that it is happening soon. ...we are getting more to show this reality is complete though not finite. It makes me think it will go this week, but I don’t know the process. The things we see in the news, etc., would lead us to that conclusion. Contractors are talking about changes to their ‘pay processes’ this week; even though that is in-country, it is still a change. Those involved with the card system are receiving notifications that a change is coming, although it didn’t say a specific date and time... the whole financial world knows this is coming. The CBI site has been down, then came up with no dollar rate; now it’s back up with the US dollar rate. ...Something is afoot... We’re in a good place...
7-17-2017 Newshound Guru chattels If there is any point to the master card hype it is the notion that if the IQD is " convertible " / usable through an international bank card that the currency is / will be international and at a higher value. [Far fetched? Or small possibility in your opinion?] Far fetched to me. There is no public event or series of events that will reliably or predictably alert us to an increase in the value of the IQD, IMO.
7-17-2017 Newshound Guru Enorrste Article: "Iraq has a microcosm meeting of the International Alliance of the need to benefit from the experience of Mosul" Quote: "...the victory achieved by Iraqi forces in a political city, not only militarily, as he pointed to the existence of economic reform plan presented to the World Bank a few days ago." The liberation of Mosul will remove a major impediment that the GOI has said was in the way of reform. I am cautiously optimistic.
7-17-2017 Intel Guru Frank26 The MasterCard services are now going to allow the Master Card transactions not only inside of Iraq but outside of Iraq. This is a first...we have been waiting for this to happen. IMO, we don't believe that this can happen at a program rate of 1184. We are strongly opinionated that this requires a new exchange rate for the Iraqi dinar. If they are activating their MasterCard right now outside of their country, then they have to have a rate. The activation of many things are occurring right now. Our friend who has businesses there said it all had to be done before the 21st...it is. The speed of Monetary Reform is at a completely different light. The CBI said in January that they were not ready to go International...but Alaq [?] has made it very clear that he is now ready to do this.
7-17-2017 Intel Guru ADMINBILL LET'S MAKE AN ASSUMPTION THAT THE END GAME IS IN PLAY FINALLY. THERE IS STILL A CLOSELY HELD PROCESS THAT IS BEING CARRIED OUT TO THE LETTER. THERE ARE CERTAIN STEPS THAT HAVE BEEN AND MUST BE COMPLETED. EACH STEP HAS MANY CHECKS AND BALANCES. THEY HAVE DONE AN EXCELLENT JOB AT BRINGING US TO THIS POINT SO LET IT PLAY OUT THIS WEEK OR WHENEVER.
7-17-2017 Newshound Guru G-Lin Article: "Central Bank Governor: We seek to achieve a balance between the sale of the dollar and keep it" I like this art. mainly because it is coming from the CBI Governor. Not an economist or someone from the Finance ministry giving an opinion. And it looks as though he can make one of two choices. Either give the dinar a fixed rate or let it float. At least that is the way I'm reading this art.
7-17-2017 Intel Guru Jester I DID GET SOME FEEDBACK FROM ONE OF [GURU] HOCUS POCUS'S CONTACTS EARLIER THIS WEEK THAT THE LEVEL OF COMMUNICATION IN REAL TIME IN THE SANDBOX IS ONCE AGAIN ANNOUNCING GOOD THINGS ON THE HORIZON AND 'SOON' TO HAPPEN...THE WHOLE "OUR MONEY WILL BE MORE EFFECTIVE" AND THAT...CAN'T DEFINE SOON OF COURSE AND THAT HAS HAPPENED BEFORE...BUT I HEARD IT STRAIGHT OUT OF THERE SO I AM SURE IT IS ACCURATE...JUST NOT SURE HOW SOON IS SOON...I WOULD ONLY BELIEVE HP'S CONTACT...BASED ON I KNOW EXACTLY WHERE THAT IS COMING FROM...
7-17-2017 Newshound Guru mike Article: "Advisor to the Prime Minister: No fears of the collapse of the value of the dinar against foreign currencies" Quote: "...the stable dinar exchange rate against foreign currencies and there are no fears of deterioration of its value..." There's obvious pressure and skepticism regarding the dinar, these types of articles are meant to restore confidence in not only the currency, but the GOI as a whole. One giant way to move forward is replace the proxy CBI Governor with an actual economist on par with Shabibi with no ties to the executive branch...
7-17-2017 Intel Guru Frank26 [Do you know when the MasterCard message was added to the Rafidain bank website?] YESTERDAY. [Did they initiate the RV process on Friday or Saturday?] NANO SECONDS AFTER MOSUL. [how will the [RV] launch be revealed?] ONLY BY THE CBI POSTING THE NEW RATE NOTHING ELSE COUNTS. [IYO, Does Iraq have the capacity and capability to withhold from posting a new trade-able rate on the CBI W/S (if they choose to), for an agreed or negotiated period of time?] YES! [When do you expect the rate to change?] IMO THIS YEAR. IMO EVERY SECOND HAS POTENTIAL NOW.
7-17-2017 Intel Guru RayRen98 The facts as they stand right now is that we are not headed to the bank – yet. But still, we know it is coming, and should be soon. We have rock solid information that this will happen, and we don’t know when, but we do have indicators that it is happening soon. ...we are getting more to show this reality is complete though not finite. It makes me think it will go this week, but I don’t know the process. The things we see in the news, etc., would lead us to that conclusion. Contractors are talking about changes to their ‘pay processes’ this week; even though that is in-country, it is still a change. Those involved with the card system are receiving notifications that a change is coming, although it didn’t say a specific date and time... the whole financial world knows this is coming. The CBI site has been down, then came up with no dollar rate; now it’s back up with the US dollar rate. ...Something is afoot... We’re in a good place...
7-17-2017 Newshound Guru chattels If there is any point to the master card hype it is the notion that if the IQD is " convertible " / usable through an international bank card that the currency is / will be international and at a higher value. [Far fetched? Or small possibility in your opinion?] Far fetched to me. There is no public event or series of events that will reliably or predictably alert us to an increase in the value of the IQD, IMO.
7-17-2017 Newshound Guru Enorrste Article: "Iraq has a microcosm meeting of the International Alliance of the need to benefit from the experience of Mosul" Quote: "...the victory achieved by Iraqi forces in a political city, not only militarily, as he pointed to the existence of economic reform plan presented to the World Bank a few days ago." The liberation of Mosul will remove a major impediment that the GOI has said was in the way of reform. I am cautiously optimistic.
7-17-2017 Intel Guru Frank26 The MasterCard services are now going to allow the Master Card transactions not only inside of Iraq but outside of Iraq. This is a first...we have been waiting for this to happen. IMO, we don't believe that this can happen at a program rate of 1184. We are strongly opinionated that this requires a new exchange rate for the Iraqi dinar. If they are activating their MasterCard right now outside of their country, then they have to have a rate. The activation of many things are occurring right now. Our friend who has businesses there said it all had to be done before the 21st...it is. The speed of Monetary Reform is at a completely different light. The CBI said in January that they were not ready to go International...but Alaq [?] has made it very clear that he is now ready to do this.
7-17-2017 Intel Guru ADMINBILL LET'S MAKE AN ASSUMPTION THAT THE END GAME IS IN PLAY FINALLY. THERE IS STILL A CLOSELY HELD PROCESS THAT IS BEING CARRIED OUT TO THE LETTER. THERE ARE CERTAIN STEPS THAT HAVE BEEN AND MUST BE COMPLETED. EACH STEP HAS MANY CHECKS AND BALANCES. THEY HAVE DONE AN EXCELLENT JOB AT BRINGING US TO THIS POINT SO LET IT PLAY OUT THIS WEEK OR WHENEVER.
7-17-2017 Newshound Guru G-Lin Article: "Central Bank Governor: We seek to achieve a balance between the sale of the dollar and keep it" I like this art. mainly because it is coming from the CBI Governor. Not an economist or someone from the Finance ministry giving an opinion. And it looks as though he can make one of two choices. Either give the dinar a fixed rate or let it float. At least that is the way I'm reading this art.
7-17-2017 Intel Guru Jester I DID GET SOME FEEDBACK FROM ONE OF [GURU] HOCUS POCUS'S CONTACTS EARLIER THIS WEEK THAT THE LEVEL OF COMMUNICATION IN REAL TIME IN THE SANDBOX IS ONCE AGAIN ANNOUNCING GOOD THINGS ON THE HORIZON AND 'SOON' TO HAPPEN...THE WHOLE "OUR MONEY WILL BE MORE EFFECTIVE" AND THAT...CAN'T DEFINE SOON OF COURSE AND THAT HAS HAPPENED BEFORE...BUT I HEARD IT STRAIGHT OUT OF THERE SO I AM SURE IT IS ACCURATE...JUST NOT SURE HOW SOON IS SOON...I WOULD ONLY BELIEVE HP'S CONTACT...BASED ON I KNOW EXACTLY WHERE THAT IS COMING FROM...
7-16-2017 Newshound Guru G-Lin Article: "Master card International" Quote: "card from any ATM of any foreign bank" I don't know how they could go international with an artificially programed rate.
7-16-2017 Newshound Guru G-Lin Article: "Central Bank Governor: We seek to achieve a balance between the sale of the dollar and keep it" Quote: " making the central bank 's policy in front of two choices : either to respond to the dollar in order to cancel the margins and this would be at the expense of the reduction of foreign currency reserves or Nguenn sale process and accept a margin of appreciation of the exchange rate" If I'm reading this correctly, it sounds as though Ali is going to appreciate the exchange rate in order to control the huge profits being made on the spread. The auctions are being controlled by the corrupt and I don't see an option other than raising the value of the dinar.
7-16-2017 Newshound Guru Kaperoni Article: "Iraq looks to open the IMF headquarters in Baghdad" Quote: "Iraq is looking forward to Britain's support in opening the headquarters of the International Monetary Fund, the IMF in Baghdad, and a meeting of the Iraqi Business Council British during the coming period to increase cooperation trade and investment between Baghdad and London. " Iraq needs ongoing oversight to make sure they continue to fulfill these agreements. What better way to keep an eye on them than to have an office in Iraq? As well, I am sure it offers some confidence to foreign institutions doing business in Iraq. More good news.
7-16-2017 Newshound Guru Breitling ...If they invest in their infrastructure they better have money or have value behind their currency. Since I’ve got into this investment and the opportunity the dynamics have changed for sure. But they’ve changed for the better. It is a remarkable opportunity and don’t think for a minute that it’s not a huge opportunity for us and you should thank your lucky stars you are in it. All I can say is hang in there. Don’t believe in the hype…follow the data…follow the trends. It is real and it is coming. It’s not a date and rate thing. It’s a lot more complex than that. Then you’ll realize why many of the heavy hitters on this planet have Iraqi dinar. I know this personally because I’ve talked to a lot of them. A lot of people you’ll be surprised have the Iraqi dinar. [Post 2 of 2]
7-16-2017 Newshound Guru Breitling ...You have Volvo saying they are going to use hybrid engines. That just gutted the petro industry. Then France comes out and says they are going to dedicate their whole country to that. And they’re not screwing around that’s exactly what they’re doing because they don’t want to depend on oil either…Iraq is being pushed into a corner because of geo political competition. The oil markets are going to be gone. Not only that but the United States took away, Opec in general, the ability to manipulate the price. That’s gone…when I take my Range Rover down to fuel it up the gas is 30 cents cheaper than it was just a few months ago. That’s remarkable. What that means for Iraq is that they are not going to have the money coming in like they used to from their oil. So they are going to have to invest in their infrastructure... [Post 1 of 2]
7-16-2017 Newshound Guru G-Lin Article: "Central Bank Governor: We seek to achieve a balance between the sale of the dollar and keep it" Quote: " making the central bank 's policy in front of two choices : either to respond to the dollar in order to cancel the margins and this would be at the expense of the reduction of foreign currency reserves or Nguenn sale process and accept a margin of appreciation of the exchange rate" If I'm reading this correctly, it sounds as though Ali is going to appreciate the exchange rate in order to control the huge profits being made on the spread. The auctions are being controlled by the corrupt and I don't see an option other than raising the value of the dinar.
7-16-2017 Newshound Guru Kaperoni Article: "Iraq looks to open the IMF headquarters in Baghdad" Quote: "Iraq is looking forward to Britain's support in opening the headquarters of the International Monetary Fund, the IMF in Baghdad, and a meeting of the Iraqi Business Council British during the coming period to increase cooperation trade and investment between Baghdad and London. " Iraq needs ongoing oversight to make sure they continue to fulfill these agreements. What better way to keep an eye on them than to have an office in Iraq? As well, I am sure it offers some confidence to foreign institutions doing business in Iraq. More good news.
7-16-2017 Newshound Guru Breitling ...If they invest in their infrastructure they better have money or have value behind their currency. Since I’ve got into this investment and the opportunity the dynamics have changed for sure. But they’ve changed for the better. It is a remarkable opportunity and don’t think for a minute that it’s not a huge opportunity for us and you should thank your lucky stars you are in it. All I can say is hang in there. Don’t believe in the hype…follow the data…follow the trends. It is real and it is coming. It’s not a date and rate thing. It’s a lot more complex than that. Then you’ll realize why many of the heavy hitters on this planet have Iraqi dinar. I know this personally because I’ve talked to a lot of them. A lot of people you’ll be surprised have the Iraqi dinar. [Post 2 of 2]
7-16-2017 Newshound Guru Breitling ...You have Volvo saying they are going to use hybrid engines. That just gutted the petro industry. Then France comes out and says they are going to dedicate their whole country to that. And they’re not screwing around that’s exactly what they’re doing because they don’t want to depend on oil either…Iraq is being pushed into a corner because of geo political competition. The oil markets are going to be gone. Not only that but the United States took away, Opec in general, the ability to manipulate the price. That’s gone…when I take my Range Rover down to fuel it up the gas is 30 cents cheaper than it was just a few months ago. That’s remarkable. What that means for Iraq is that they are not going to have the money coming in like they used to from their oil. So they are going to have to invest in their infrastructure... [Post 1 of 2]
7-15-2017 Newshound Guru Islandg1211 This was a VERY IMPORTANT meeting today, which I was expecting. I'm expecting to see the CBI starting to re-educate the public on the RV. These CBI articles should be coming out within the next couple of weeks. I'm still looking towards end of summer for the RV. Again, the agreement with the Kurds over oil is the lynchpin now, and this article should make everyone very happy along with the UN publicly saying that Iraq needs to RV (via IMF Article VIII compliance). If an agreement is reached with the Kurds, it's time to really start with your post-RV plans. [post 2 of 2]
7-15-2017 Newshound Guru Islandg1211 Eight months ago, I posted that we would need to see in this order before the RV...the following:
1) Mosul Liberated, Announcement by Abadi, and a Celebration. Done.
2) Agreement with Kurds, including oil and territory settlement, then finally the HCL will be in position to be passed by the GOI. (Kurds, including Barzani and the oil minister from Baghdad meet today...) Getting Done.
3) CBI re-educating citizens on the deletion if the three zeroes (we are seeing the payments in country with e-dinars, CBI website upgraded to BIS), and finally
4) Iraq being compliant with Article VIII with the IMF and 5 - UN lifting sanctions and the RV.
The IMF is meeting with Iraq in DC this week. The UN came out a couple of days ago and told Iraq they need to be Article VIII compliant/RV. The lynchpin to the RV, now that Mosul has been declared liberated by Abadi, the Kurds and Baghdad finalizing the HCL agreement. Barzani wants independence, and this agreement is going to have to allow for that contingency in order to get him to sign off on it. [post 1 of 2....stay tuned]
7-15-2017 Newshound Guru Breitling Just so you know…very very positive stuff for us. It’s all positive 100%. But I want you to be sober. Don’t get into the hype. Don’t get into the emotional and buying into the hype…Don’t do anything until it actually gets to the rate you want to exchange with. (not cash in…exchange. It’s an exchange). We’ll go from there.
7-15-2017 Newshound/Intel Guru Mnt Goat I had many questions on the topic of what the new denominations would be when the CBI does finally launch them. Newer notes as follows: Bills: 1 dinar, 5 dinar, 10 dinar, 25 dinar, 50 dinar, 100 dinar...Coins: 10 fils, 25 fils, 50 fils and a 1 dinar with lower coins of 1 fils, 2 fils and 5 fils added later as the economy improves and the value continues to rise. I believe (it is my opinion) they will launch more of the 50 dinar notes and the 100 dinar notes JUST BEFORE or AROUND the time the rate changes to 1:1 with the US dollar around a value of 1.00+ per IQD to the USD. Remember also the CBI told us the IQD 3 zero notes will coincide with the newer notes for up to 10 years. So we all heard by now ISIS liberation is fully completed in Iraq and it is now “official”. Now Iraq moves on to the next phase. This I believe, will be with extraordinary economic growth, investment and prosperity for Iraq (and us investors).
7-15-2017 Newshound Guru Islandg1211 Eight months ago, I posted that we would need to see in this order before the RV...the following:
1) Mosul Liberated, Announcement by Abadi, and a Celebration. Done.
2) Agreement with Kurds, including oil and territory settlement, then finally the HCL will be in position to be passed by the GOI. (Kurds, including Barzani and the oil minister from Baghdad meet today...) Getting Done.
3) CBI re-educating citizens on the deletion if the three zeroes (we are seeing the payments in country with e-dinars, CBI website upgraded to BIS), and finally
4) Iraq being compliant with Article VIII with the IMF and 5 - UN lifting sanctions and the RV.
The IMF is meeting with Iraq in DC this week. The UN came out a couple of days ago and told Iraq they need to be Article VIII compliant/RV. The lynchpin to the RV, now that Mosul has been declared liberated by Abadi, the Kurds and Baghdad finalizing the HCL agreement. Barzani wants independence, and this agreement is going to have to allow for that contingency in order to get him to sign off on it. [post 1 of 2....stay tuned]
7-15-2017 Newshound Guru Breitling Just so you know…very very positive stuff for us. It’s all positive 100%. But I want you to be sober. Don’t get into the hype. Don’t get into the emotional and buying into the hype…Don’t do anything until it actually gets to the rate you want to exchange with. (not cash in…exchange. It’s an exchange). We’ll go from there.
7-15-2017 Newshound/Intel Guru Mnt Goat I had many questions on the topic of what the new denominations would be when the CBI does finally launch them. Newer notes as follows: Bills: 1 dinar, 5 dinar, 10 dinar, 25 dinar, 50 dinar, 100 dinar...Coins: 10 fils, 25 fils, 50 fils and a 1 dinar with lower coins of 1 fils, 2 fils and 5 fils added later as the economy improves and the value continues to rise. I believe (it is my opinion) they will launch more of the 50 dinar notes and the 100 dinar notes JUST BEFORE or AROUND the time the rate changes to 1:1 with the US dollar around a value of 1.00+ per IQD to the USD. Remember also the CBI told us the IQD 3 zero notes will coincide with the newer notes for up to 10 years. So we all heard by now ISIS liberation is fully completed in Iraq and it is now “official”. Now Iraq moves on to the next phase. This I believe, will be with extraordinary economic growth, investment and prosperity for Iraq (and us investors).
7-14-2017 Newshound Guru G-Lin Articles: "US pledged an additional $ 119 million to help Iraq" "EU: Additional €30m in Humanitarian Aid for Iraq" "China offers Iraq $11.7m for Reconstruction" You think there might be something special about Iraq? I can't keep up with the total number of countries contributing financial aid to Iraq. Very telling to me.
7-14-2017 Newshound Guru MilitiaMan Article: “The Supreme Islamic Iraqi Council (ISCI) spokesman Sheikh Hamid Maaleh al-Saadi said on Wednesday that it was time to launch a national reconciliation project." The national reconciliation has been in the works for years. Mosul is free and the CBI is celebrating, as have the citizens been now for days while enjoying purchasing power. They have been put first, investors are next! They are saying they are now open for business internationally... A celebration at the newest Central Bank of present today...National Reconciliation is obviously done now. The largest commodity a country has imo, is their currency.. A strong one indeed is in order for Iraq. She is set to be on stage now to show the world her FORMER GLORY!
7-14-2017 Intel Guru RayRen98 ...today’s news, “economic reforms are presented to the World Bank”, presumably today. There are rumors that a full seated government needs to be in place, and that there are still a few neighborhoods in Mosul that need to be cleared. Some think those are significant, and others say those are minor points. I don’t know. What could be so important that MSNBC is reporting live from Iraq at 10pm EST tonight? We’ll find out at 10pm, or maybe even sooner. There should be some interesting bits of information over the course fo the weekend, although there are no promises. There is expectation of information to come out, and we’ve heard that before, but think about the intel this week – that makes a difference. What are you now learning that is factual? “Economic reforms have been submitted to the World Bank.” That’s significant, and combined with other tidbits, it could be exciting this weekend. We’re almost there.
7-14-2017 Newshound/Intel Guru Randy Koonce 6. Will the Dinar Float? The answer is NO. For the most part they will have to RV the currency somewhere above $1.20... Why above $1.20? Because they want to get all US dollars off the street! If the USD is stronger than the Dinar, then it will stay on street... Just look at it now. The Iraqis use US dollars now because it is the strongest on their street and will buy more. When the RV occurs then the dinar will be the main dog... Every one has been asking about the dong. It should RV as well - once China agrees to move their currency. So it might be awhile on that one... Again, it’s the same story - no one knows when... We are Close!! The Window is good through the 26th of July or so. Remember - this is Iraq!! BREATHE BREATHE... [post 3 of 3]
7-14-2017 Newshound/Intel Guru Randy Koonce 4. Is There any thing else to 'have to do' for the RV to happen? NO NO NO NO. 5. If you are told to check out a bank site someone says is the new CBI site, just be sure you follow "cbi.iq". That is the safest and most secure information to be had - from the horses mouth...Just saying. ...since the last update, the announcement of the liberation of Mosul is the first significant change that has happened and therefore warranted an update... We were in a holding pattern until Mosul was done. Well, NOW it's done. The Window opened when Fox, and all the news media outlets, said Mosul was liberated which was Tuesday this week. On Tuesday, it was absolute, and there was no more hedging or iffy announcements. The window is VERY GOOD until Monday the 24th of July...So, the next 10 days, give or take, a lot can happen. [post 2 of 3....stay tuned]
7-14-2017 Newshound/Intel Guru Randy Koonce I have waited until Mosul was liberated, and announced, to make the next note... Here are my thoughts of where we are: 1. NO it will not RV only ‘in-country'. If it is just ‘in-country' - There is no RV! It is still paper with numbers... however, 2. The RV will occur! The purpose of the RV (at last one of the purposes) is to give the Dinar enough value so that it can be useful in the "Rebuilding" of Iraq...And we all know the damage that has been done, and the need that is there, especially for the people of Iraq. 3. Will I be able to exchange in the US? YES! There will be only one rate... Stick to large banks like Bank of America, Wells Fargo, Citi Bank, HSBC, Chase. These Banks will have no problem with exchanging it... Some smaller Banks will exchange as well, but they have to rely on upstream Banks in their system, and the fees will probably be higher in the smaller banks... [post 1 of 3....stay tuned]
7-14-2017 Newshound Guru mike Article: "Iraq has a microcosm meeting of the International Alliance of the need to benefit from the experience of Mosul" Quote: "we have an economic reform plan presented by the Iraqi government, the World Bank a few days ago." In order for Iraq to make a move to an open market economy they need to accomplish lowering the spread, allowing for the freedom of movement of capital and investment laws that protect those willing to invest in Iraq. Announcements like the above are awesome but without the groundwork, it's just an announcement. I'm really hoping this isn't going to be another centralized, socialist solution that Iraq has continually put forward but without the open market economic model, what else can it be? ...we'll have to wait and see what kind of plan they submitted...it's not going to be an overnight type move regarding the dinar. Here's hoping they've seen the light.
7-14-2017 Newshound Guru G-Lin Article: "Kurdistan: Erbil and Baghdad are preparing to open a new page and continue the dialogue to address the problems" I'm keeping an eye on these meetings. First it is unusual to have a 4 day gathering. I think they are trying to appease the Kurds to perhaps stop the vote in Sept. on breaking away and forming an independent state. I know The U.N. just recently called for the activation of Art. 140. That would clarify boundaries which Kurdistan would probably cooperate if they get Kirkuk. Also there are discussions regarding oil and gas. I would love to see them agree on HCL or a form of it. There is a great deal of pressure coming from the international community to have Iraq activate some form of HCL. Investors are tapping their foot.
7-14-2017 Intel Guru Bruce We have thought that we have been there for weeks; even several months. Looking back we can see things come through in the last week or two that needed to happen...Those things all needed to be in position. We hear that they are now. Is there anything else we are waiting for? I can't say there is anything else. We really are at the point we can believe this is the time for all of us. It's real and It's coming. I get a lot of information from several different sources. What we are hearing about Mosul is that it is safer than some of the places in the U.S. They've been celebrating in Iraq and they are ready to go. The ISX is open. There's a good possibility that early Sunday morning the Forex will recognize the Dinar. I can tell you that I believe that they've tried to do trades between banks around the world to bring the currencies up to a rate at a fairly high value. We are in the place of expectation. We think the weekend will be highly significant for us.
7-14-2017 Intel Guru Delta ...the CBI has to move forward. The media … just like we predicted … as soon as they get Mosul … speed of light. Right away the media has been jumping the gun on talking about the economy, etc. ..the CBI...we’ve known since January they been wanting to pull the trigger. The next 24-48 hours is going to be very interesting.
7-14-2017 Intel Guru Frank26 We found something – a press release from the West – congratulations from President Trump to Abadi – all he says is congratulations about Mosul. Then we have the same article from an Arabic site which shows additional information – they also talked about congratulations on the reforms. Donald Trump called Abadi...IMO...they were talking about the monetary reform. ...They’ve got security and stability man!
7-14-2017 Newshound Guru MilitiaMan Article: “The Supreme Islamic Iraqi Council (ISCI) spokesman Sheikh Hamid Maaleh al-Saadi said on Wednesday that it was time to launch a national reconciliation project." The national reconciliation has been in the works for years. Mosul is free and the CBI is celebrating, as have the citizens been now for days while enjoying purchasing power. They have been put first, investors are next! They are saying they are now open for business internationally... A celebration at the newest Central Bank of present today...National Reconciliation is obviously done now. The largest commodity a country has imo, is their currency.. A strong one indeed is in order for Iraq. She is set to be on stage now to show the world her FORMER GLORY!
7-14-2017 Intel Guru RayRen98 ...today’s news, “economic reforms are presented to the World Bank”, presumably today. There are rumors that a full seated government needs to be in place, and that there are still a few neighborhoods in Mosul that need to be cleared. Some think those are significant, and others say those are minor points. I don’t know. What could be so important that MSNBC is reporting live from Iraq at 10pm EST tonight? We’ll find out at 10pm, or maybe even sooner. There should be some interesting bits of information over the course fo the weekend, although there are no promises. There is expectation of information to come out, and we’ve heard that before, but think about the intel this week – that makes a difference. What are you now learning that is factual? “Economic reforms have been submitted to the World Bank.” That’s significant, and combined with other tidbits, it could be exciting this weekend. We’re almost there.
7-14-2017 Newshound/Intel Guru Randy Koonce 6. Will the Dinar Float? The answer is NO. For the most part they will have to RV the currency somewhere above $1.20... Why above $1.20? Because they want to get all US dollars off the street! If the USD is stronger than the Dinar, then it will stay on street... Just look at it now. The Iraqis use US dollars now because it is the strongest on their street and will buy more. When the RV occurs then the dinar will be the main dog... Every one has been asking about the dong. It should RV as well - once China agrees to move their currency. So it might be awhile on that one... Again, it’s the same story - no one knows when... We are Close!! The Window is good through the 26th of July or so. Remember - this is Iraq!! BREATHE BREATHE... [post 3 of 3]
7-14-2017 Newshound/Intel Guru Randy Koonce 4. Is There any thing else to 'have to do' for the RV to happen? NO NO NO NO. 5. If you are told to check out a bank site someone says is the new CBI site, just be sure you follow "cbi.iq". That is the safest and most secure information to be had - from the horses mouth...Just saying. ...since the last update, the announcement of the liberation of Mosul is the first significant change that has happened and therefore warranted an update... We were in a holding pattern until Mosul was done. Well, NOW it's done. The Window opened when Fox, and all the news media outlets, said Mosul was liberated which was Tuesday this week. On Tuesday, it was absolute, and there was no more hedging or iffy announcements. The window is VERY GOOD until Monday the 24th of July...So, the next 10 days, give or take, a lot can happen. [post 2 of 3....stay tuned]
7-14-2017 Newshound/Intel Guru Randy Koonce I have waited until Mosul was liberated, and announced, to make the next note... Here are my thoughts of where we are: 1. NO it will not RV only ‘in-country'. If it is just ‘in-country' - There is no RV! It is still paper with numbers... however, 2. The RV will occur! The purpose of the RV (at last one of the purposes) is to give the Dinar enough value so that it can be useful in the "Rebuilding" of Iraq...And we all know the damage that has been done, and the need that is there, especially for the people of Iraq. 3. Will I be able to exchange in the US? YES! There will be only one rate... Stick to large banks like Bank of America, Wells Fargo, Citi Bank, HSBC, Chase. These Banks will have no problem with exchanging it... Some smaller Banks will exchange as well, but they have to rely on upstream Banks in their system, and the fees will probably be higher in the smaller banks... [post 1 of 3....stay tuned]
7-14-2017 Newshound Guru mike Article: "Iraq has a microcosm meeting of the International Alliance of the need to benefit from the experience of Mosul" Quote: "we have an economic reform plan presented by the Iraqi government, the World Bank a few days ago." In order for Iraq to make a move to an open market economy they need to accomplish lowering the spread, allowing for the freedom of movement of capital and investment laws that protect those willing to invest in Iraq. Announcements like the above are awesome but without the groundwork, it's just an announcement. I'm really hoping this isn't going to be another centralized, socialist solution that Iraq has continually put forward but without the open market economic model, what else can it be? ...we'll have to wait and see what kind of plan they submitted...it's not going to be an overnight type move regarding the dinar. Here's hoping they've seen the light.
7-14-2017 Newshound Guru G-Lin Article: "Kurdistan: Erbil and Baghdad are preparing to open a new page and continue the dialogue to address the problems" I'm keeping an eye on these meetings. First it is unusual to have a 4 day gathering. I think they are trying to appease the Kurds to perhaps stop the vote in Sept. on breaking away and forming an independent state. I know The U.N. just recently called for the activation of Art. 140. That would clarify boundaries which Kurdistan would probably cooperate if they get Kirkuk. Also there are discussions regarding oil and gas. I would love to see them agree on HCL or a form of it. There is a great deal of pressure coming from the international community to have Iraq activate some form of HCL. Investors are tapping their foot.
7-14-2017 Intel Guru Bruce We have thought that we have been there for weeks; even several months. Looking back we can see things come through in the last week or two that needed to happen...Those things all needed to be in position. We hear that they are now. Is there anything else we are waiting for? I can't say there is anything else. We really are at the point we can believe this is the time for all of us. It's real and It's coming. I get a lot of information from several different sources. What we are hearing about Mosul is that it is safer than some of the places in the U.S. They've been celebrating in Iraq and they are ready to go. The ISX is open. There's a good possibility that early Sunday morning the Forex will recognize the Dinar. I can tell you that I believe that they've tried to do trades between banks around the world to bring the currencies up to a rate at a fairly high value. We are in the place of expectation. We think the weekend will be highly significant for us.
7-14-2017 Intel Guru Delta ...the CBI has to move forward. The media … just like we predicted … as soon as they get Mosul … speed of light. Right away the media has been jumping the gun on talking about the economy, etc. ..the CBI...we’ve known since January they been wanting to pull the trigger. The next 24-48 hours is going to be very interesting.
7-14-2017 Intel Guru Frank26 We found something – a press release from the West – congratulations from President Trump to Abadi – all he says is congratulations about Mosul. Then we have the same article from an Arabic site which shows additional information – they also talked about congratulations on the reforms. Donald Trump called Abadi...IMO...they were talking about the monetary reform. ...They’ve got security and stability man!
7-13-2017 Intel Guru RayRen98 Reports are coming from Iraq TV covering the following issues and concerns:
1. It is time to complete the economic reforms.
2. The time has come for the private sector to be launched.
3. An expressed need for the Iraqi currency to represent its "true" value.
4. Their purchasing power will increase.
5. The citizens will receive their long awaited backpay and subsidies.
There was basically a lot of talk about the economic reforms being escalated. Time Will Tell! (The END is near.)
7-13-2017 Newshound Guru Adam Montana ...we are looking good! It's always been my opinion that an RV would happen on a Sunday, since that's the start of their week. I'm not saying it is THIS Sunday...but it could be!
7-13-2017 Newshound Guru mike Article: "Financial Fraudsters Hit ‘Dollar Market’ In Iraqi Kurdistan" Iraq told us that once the 50K note came out that the suitcases of money would disappear, clearly, it didn't: Locals often use US dollars to make big ticket purchases because, due to exchange rates, one would need to carry suitcases stuffed with dinars to buy anything like a car. A handful of dollars can be substituted instead. Larger denom's won't work, they need to move to smaller notes with more purchasing power.
7-13-2017 Newshound Guru Adam Montana [As the UN is suggesting that Iraq quickly activate the HCL, and the UN also has some clout over the distribution of funds to go to Iraq, do you believe the HCL will be activated much sooner than later?] I'm leaning towards *SOON*. This is turning into a perfect situation for Iraq.
7-13-2017 Newshound Gurus mike & chattels The dollar is the fastest decline against the dinar in months. Article: "Dollar falls against the dinar in the Iraqi Stock Exchange" Quote: "The record sale of the dollar in exchange fight in Baghdad today 's price of 125 thousand and 650 dinars, the purchase price of 125 thousand and 600 dinars for $ percent, while the sale price of the dollar record yesterday 126 thousand and 150 dinars, the purchase price 126 thousand and 100 dinars per dollar cent." 1261-$1 to purchase the dollar.
7-13-2017 Intel Guru RayRen98 It has been an interesting week. Coming out of Monday, Abadi speech, proclamation...escalation of reform process has commenced. Citizens were told this week and we are halfway there. ...noticed the BIS has now linked CBI Iraq to it’s site. Either they are fully international and there is no announcement or they are on their way...public release surfaces between now and Friday...That is the expectation.
7-13-2017 Newshound/Intel Guru Mnt Goat Article quote: "He also urged the government in Baghdad and the Kurdistan Regional Government to benefit from the ideal military cooperation in the fight against Daeash, and to start work now to resolve outstanding issues, especially the issue of the referendum on the independence of the Kurdistan Region of Iraq and the implementation of Article 140 of the Constitution with regard to borders and disputed areas , Especially the status of Kirkuk, through dialogue and genuine partnership." Here it is in black and white from the UN. Iraq needs to settle this article 140 and with it get HCL passed. Its all interconnected. Why are they telling them this now. Why just after the liberation of Mosul? The UN is reminding them to be united as one country and what divides them is this oil dispute. They need a law and to enforce it.
7-13-2017 Intel Guru Frank26 Dr. Shabibi...said that he would add value to their currency for their citizens – meaning he wants to take care of the Iraqi’s inside of the borders. If the citizens get paid on the 21st...will we get paid too? WS [Walking Stick...reference Frank26 post 7-11-2017]...by the 21st of this month has to pay his employees, not only a rate of 1 to 1...but it has to be 100% dinars. WS company as of RIGHT NOW...has to pay at 5% in CASH...and the other 95% has to be paid in eDinars...and if the citizens want their money...they MUST go get a card! Everything will be electronic in the future! This is brilliant! This is the MCP on steroids. This will control the auction! This is what the IMF wanted! This is the definition of the lava flow! This TEACHES the CITIZENS... This is what Dr. Shabibi wanted! This will affect the auctions for cash values. Since Monday...the speed of light for the MR has really increased! The BIS article that said they had merged with the CBI website happened over a year ago. What is interesting though is they are GOING TO ACTIVATE THAT LINK! Bank of INTERNATIONAL Settlements (BIS) – what does Iraq need to do now to lift the value? INTERNATIONALISM! There is some crazy stuff going on and I’M EXCITED! [post 2 of 2]
7-13-2017 Intel Guru Frank26 We are in a time period right now – that started Monday. I believe the things we are seeing right now are VERY EXCITING! There is an enthusiasm in regards to the lava flow of the monetary reform. As you know, on Monday, Abadi declared victory. Now...the following day (Tuesday)...“Ring-A-Ding-Ding”...President Trump called Abadi. He congratulate him (wink, wink)...and Trump apparently told the Kurds to “lay-off”...IMO...they continued their conversations about the monetary reform. IMO...the time frame that we told you (that started on Monday)..we believe that date on the 10th (when Abadi made the announcement on the 10th)...we believe that was a roll-out...Within nanoseconds...the roll-out of the monetary reform occurred...It needed the announcement of Mosul... So...Trump (talking to Abadi) continues to move Iraq forward with their monetary reform. The MOMENTUM of the RV can now move at a faster pace. President Trump is very happy about Mosul...because he knows what is coming next. Now is the PERFECT TIME to RAISE the economic structure in Iraq...including their currency! [post 1 of 2....stay tuned]
1. It is time to complete the economic reforms.
2. The time has come for the private sector to be launched.
3. An expressed need for the Iraqi currency to represent its "true" value.
4. Their purchasing power will increase.
5. The citizens will receive their long awaited backpay and subsidies.
There was basically a lot of talk about the economic reforms being escalated. Time Will Tell! (The END is near.)
7-13-2017 Newshound Guru Adam Montana ...we are looking good! It's always been my opinion that an RV would happen on a Sunday, since that's the start of their week. I'm not saying it is THIS Sunday...but it could be!
7-13-2017 Newshound Guru mike Article: "Financial Fraudsters Hit ‘Dollar Market’ In Iraqi Kurdistan" Iraq told us that once the 50K note came out that the suitcases of money would disappear, clearly, it didn't: Locals often use US dollars to make big ticket purchases because, due to exchange rates, one would need to carry suitcases stuffed with dinars to buy anything like a car. A handful of dollars can be substituted instead. Larger denom's won't work, they need to move to smaller notes with more purchasing power.
7-13-2017 Newshound Guru Adam Montana [As the UN is suggesting that Iraq quickly activate the HCL, and the UN also has some clout over the distribution of funds to go to Iraq, do you believe the HCL will be activated much sooner than later?] I'm leaning towards *SOON*. This is turning into a perfect situation for Iraq.
7-13-2017 Newshound Gurus mike & chattels The dollar is the fastest decline against the dinar in months. Article: "Dollar falls against the dinar in the Iraqi Stock Exchange" Quote: "The record sale of the dollar in exchange fight in Baghdad today 's price of 125 thousand and 650 dinars, the purchase price of 125 thousand and 600 dinars for $ percent, while the sale price of the dollar record yesterday 126 thousand and 150 dinars, the purchase price 126 thousand and 100 dinars per dollar cent." 1261-$1 to purchase the dollar.
7-13-2017 Intel Guru RayRen98 It has been an interesting week. Coming out of Monday, Abadi speech, proclamation...escalation of reform process has commenced. Citizens were told this week and we are halfway there. ...noticed the BIS has now linked CBI Iraq to it’s site. Either they are fully international and there is no announcement or they are on their way...public release surfaces between now and Friday...That is the expectation.
7-13-2017 Newshound/Intel Guru Mnt Goat Article quote: "He also urged the government in Baghdad and the Kurdistan Regional Government to benefit from the ideal military cooperation in the fight against Daeash, and to start work now to resolve outstanding issues, especially the issue of the referendum on the independence of the Kurdistan Region of Iraq and the implementation of Article 140 of the Constitution with regard to borders and disputed areas , Especially the status of Kirkuk, through dialogue and genuine partnership." Here it is in black and white from the UN. Iraq needs to settle this article 140 and with it get HCL passed. Its all interconnected. Why are they telling them this now. Why just after the liberation of Mosul? The UN is reminding them to be united as one country and what divides them is this oil dispute. They need a law and to enforce it.
7-13-2017 Intel Guru Frank26 Dr. Shabibi...said that he would add value to their currency for their citizens – meaning he wants to take care of the Iraqi’s inside of the borders. If the citizens get paid on the 21st...will we get paid too? WS [Walking Stick...reference Frank26 post 7-11-2017]...by the 21st of this month has to pay his employees, not only a rate of 1 to 1...but it has to be 100% dinars. WS company as of RIGHT NOW...has to pay at 5% in CASH...and the other 95% has to be paid in eDinars...and if the citizens want their money...they MUST go get a card! Everything will be electronic in the future! This is brilliant! This is the MCP on steroids. This will control the auction! This is what the IMF wanted! This is the definition of the lava flow! This TEACHES the CITIZENS... This is what Dr. Shabibi wanted! This will affect the auctions for cash values. Since Monday...the speed of light for the MR has really increased! The BIS article that said they had merged with the CBI website happened over a year ago. What is interesting though is they are GOING TO ACTIVATE THAT LINK! Bank of INTERNATIONAL Settlements (BIS) – what does Iraq need to do now to lift the value? INTERNATIONALISM! There is some crazy stuff going on and I’M EXCITED! [post 2 of 2]
7-13-2017 Intel Guru Frank26 We are in a time period right now – that started Monday. I believe the things we are seeing right now are VERY EXCITING! There is an enthusiasm in regards to the lava flow of the monetary reform. As you know, on Monday, Abadi declared victory. Now...the following day (Tuesday)...“Ring-A-Ding-Ding”...President Trump called Abadi. He congratulate him (wink, wink)...and Trump apparently told the Kurds to “lay-off”...IMO...they continued their conversations about the monetary reform. IMO...the time frame that we told you (that started on Monday)..we believe that date on the 10th (when Abadi made the announcement on the 10th)...we believe that was a roll-out...Within nanoseconds...the roll-out of the monetary reform occurred...It needed the announcement of Mosul... So...Trump (talking to Abadi) continues to move Iraq forward with their monetary reform. The MOMENTUM of the RV can now move at a faster pace. President Trump is very happy about Mosul...because he knows what is coming next. Now is the PERFECT TIME to RAISE the economic structure in Iraq...including their currency! [post 1 of 2....stay tuned]
7-12-2017 Newshound Guru Adam Montana The most important thing to understand, regarding Iraq, is that they absolutely must play word and mind games regarding the timing and final value of any currency change. If they don't keep their cards hidden, a speculative run on dinar...would crush their ability to raise the value significantly. I think we can all agree that they want a higher valued dinar, and they can have a higher valued dinar, so the question is simple "when and how much".
7-12-2017 Newshound Guru Peggy68 IMO, we could see Iraq and other countries on Forex anytime between July 12th and July 17th, 2017.
7-12-2017 Newshound/Intel Guru Mnt Goat I fully believe all the conditions are ripe for the RV right now! The only one the scares me is the HCL. Will they let the RV go without Article 140 and HCL being finally resolved? This a long standing issue and part of why Kurdistan is going to hold a referendum in September to vote on succession. Remember oil is now about 95% of revenues. We also know the 2018 elections are just around the corner. Could this cause more chaos if they don't get the election law in place by then? Remember Maliki and his goons are still free to roam and make indirect havoc. Both of these events can impact the RV timing if they don’t get it done very soon. If I know this, don’t you think the CBI and GOI also do? Remember I told you that once the conditions are ripe the CBI is going to jump on the next opportunity to get their currency back. I believe this time has arrived. [post 2 of 2]
7-12-2017 Newshound/Intel Guru Mnt Goat ...don’t think just because Mosul is liberated the party is over. There is still much work to be done. How will this affect the RV timing? My personal opinion is the CBI will move quickly with the project to delete the zeros now that Mosul is liberated. The SECURITY conditions in Iraq are very good right now, getting better and better everyday and they will take advantage of the situation. As long as there is US and UK military presence the concerned is lessened. Here is the key: Remember the CBI told us they planned to RV back in 2012 but when 2013 came they had to postpone it due to political INSECURITY. We know what the conditions were like back then...right? Well they are better than that now. Iraq is slowly getting back to the times of 2012 but even better. There is PM Abadi, all the reforms, the ability to work with the IMF thru these Stand-by-Agreements and we can see Abadi is a good guy unlike the PM Maliki back then. So the political STABILITY is much, much better than even in 2012. [post 1 of 2....stay tuned]
7-12-2017 Newshound Guru Adam Montana Things are looking up! Mosul has now been officially declared a victory. HCL should be addressed, officially, in a timely manner...SOON. We can be confident that the IMF and CBI are on good terms. CBI is acting like a real player, and the IMF is giving them an approving nod simply by not saying anything contradictory about them. Regarding oil PPB, and the recent agreement amongst the major OPEC members, Iraq is essentially exempt from the exportation restrictions. This gives Iraq a HUGE advantage when they are ready to "flip the switch"! Abadi is back in high-gear and on a mission...All in all... GREAT progress right now, and Iraq is in perfect position. Negotiations are beginning between Baghdad and Kurdistan, which is going to lead to a very fast resolution on the HCL, paving the way for a smooth and *SUDDEN* RV... if we've ever been closer to the end of this ride, I can not remember when! This still isn't a guaranteed event, but MAN oh MAN is it looking good!
7-12-2017 Newshound Guru hutch The BIS site is now linked to the CBI site...Now Central banks world wide can communicate with CBI.
7-12-2017 Intel Guru Bruce It has been reported today on the news ...Iraq took an extra day to celebrate their freedom, their sovereignty after 4 to 5 days in a row of celebration which included fireworks, and flags. They did this morning [Tuesday] in which they did not open the Iraqi stock exchange today. Why is this significant? We believe had the ISX been opened, their new rate would have been visible. ...We do believe they will make the ISX open and available tomorrow [Wednesday] from what we understand. Quite possible the new value of the Iraqi dinar show on the site if they do bring it up tomorrow [Wednesday]. I am excited that Iraq is basically done. Is this the week? We believe it is. We got enough evidence it is coming to us and should be by the end of the week. I am not going to call it, but that is what I am hearing from a number different sources that point to a very good direction for us. [post 2 of 2]
7-12-2017 Intel Guru Bruce We are right at the door...what we heard...is very positive for us. We know we all seemingly had to wait for Iraq to reach certain thresholds, accomplish certain things before this could be released everywhere. That is still the case. However, I would say we now have eclipsed to the point having to wait for Iraq. A lot of interesting things have happened in the last couple of days...we find Iraq fully liberated Mosul from ISIS and ISIS has been eradicated from there and from Iraq in general. That is a very good sign. [post 1 of 2....stay tuned]
7-12-2017 Newshound Guru Kaperoni Several economic articles...clearly stating the urgency to activate the market economy in Iraq.
7-12-2017 Newshound Guru mike ...anything is possible and I'm just speculating...But, the IMF has told them at every Article IV consultation to stay pegged, close the spread and remove exchange restrictions. That seems like a tall order to accomplish before the end of the year. So far, they've haven't gotten it done. All we need is the political will to make the change to an open market economy and then things could really pick up.
7-12-2017 Newshound Guru Peggy68 IMO, we could see Iraq and other countries on Forex anytime between July 12th and July 17th, 2017.
7-12-2017 Newshound/Intel Guru Mnt Goat I fully believe all the conditions are ripe for the RV right now! The only one the scares me is the HCL. Will they let the RV go without Article 140 and HCL being finally resolved? This a long standing issue and part of why Kurdistan is going to hold a referendum in September to vote on succession. Remember oil is now about 95% of revenues. We also know the 2018 elections are just around the corner. Could this cause more chaos if they don't get the election law in place by then? Remember Maliki and his goons are still free to roam and make indirect havoc. Both of these events can impact the RV timing if they don’t get it done very soon. If I know this, don’t you think the CBI and GOI also do? Remember I told you that once the conditions are ripe the CBI is going to jump on the next opportunity to get their currency back. I believe this time has arrived. [post 2 of 2]
7-12-2017 Newshound/Intel Guru Mnt Goat ...don’t think just because Mosul is liberated the party is over. There is still much work to be done. How will this affect the RV timing? My personal opinion is the CBI will move quickly with the project to delete the zeros now that Mosul is liberated. The SECURITY conditions in Iraq are very good right now, getting better and better everyday and they will take advantage of the situation. As long as there is US and UK military presence the concerned is lessened. Here is the key: Remember the CBI told us they planned to RV back in 2012 but when 2013 came they had to postpone it due to political INSECURITY. We know what the conditions were like back then...right? Well they are better than that now. Iraq is slowly getting back to the times of 2012 but even better. There is PM Abadi, all the reforms, the ability to work with the IMF thru these Stand-by-Agreements and we can see Abadi is a good guy unlike the PM Maliki back then. So the political STABILITY is much, much better than even in 2012. [post 1 of 2....stay tuned]
7-12-2017 Newshound Guru Adam Montana Things are looking up! Mosul has now been officially declared a victory. HCL should be addressed, officially, in a timely manner...SOON. We can be confident that the IMF and CBI are on good terms. CBI is acting like a real player, and the IMF is giving them an approving nod simply by not saying anything contradictory about them. Regarding oil PPB, and the recent agreement amongst the major OPEC members, Iraq is essentially exempt from the exportation restrictions. This gives Iraq a HUGE advantage when they are ready to "flip the switch"! Abadi is back in high-gear and on a mission...All in all... GREAT progress right now, and Iraq is in perfect position. Negotiations are beginning between Baghdad and Kurdistan, which is going to lead to a very fast resolution on the HCL, paving the way for a smooth and *SUDDEN* RV... if we've ever been closer to the end of this ride, I can not remember when! This still isn't a guaranteed event, but MAN oh MAN is it looking good!
7-12-2017 Newshound Guru hutch The BIS site is now linked to the CBI site...Now Central banks world wide can communicate with CBI.
7-12-2017 Intel Guru Bruce It has been reported today on the news ...Iraq took an extra day to celebrate their freedom, their sovereignty after 4 to 5 days in a row of celebration which included fireworks, and flags. They did this morning [Tuesday] in which they did not open the Iraqi stock exchange today. Why is this significant? We believe had the ISX been opened, their new rate would have been visible. ...We do believe they will make the ISX open and available tomorrow [Wednesday] from what we understand. Quite possible the new value of the Iraqi dinar show on the site if they do bring it up tomorrow [Wednesday]. I am excited that Iraq is basically done. Is this the week? We believe it is. We got enough evidence it is coming to us and should be by the end of the week. I am not going to call it, but that is what I am hearing from a number different sources that point to a very good direction for us. [post 2 of 2]
7-12-2017 Intel Guru Bruce We are right at the door...what we heard...is very positive for us. We know we all seemingly had to wait for Iraq to reach certain thresholds, accomplish certain things before this could be released everywhere. That is still the case. However, I would say we now have eclipsed to the point having to wait for Iraq. A lot of interesting things have happened in the last couple of days...we find Iraq fully liberated Mosul from ISIS and ISIS has been eradicated from there and from Iraq in general. That is a very good sign. [post 1 of 2....stay tuned]
7-12-2017 Newshound Guru Kaperoni Several economic articles...clearly stating the urgency to activate the market economy in Iraq.
7-12-2017 Newshound Guru mike ...anything is possible and I'm just speculating...But, the IMF has told them at every Article IV consultation to stay pegged, close the spread and remove exchange restrictions. That seems like a tall order to accomplish before the end of the year. So far, they've haven't gotten it done. All we need is the political will to make the change to an open market economy and then things could really pick up.
7-11-2017 **** Dinar Guru News Flash UPDATE 2 **** Yesterday 7-10-2017 Prime Minister Abadi officially announced Mosul liberated. Below is the latest and final Mosul Map...Black, White and Red of the Iraqi flag are the liberated areas! Now that Mosul has been officially liberated, the long road of rebuilding will begin. Monteary reform, economic reform and national reconciliation news from the gurus has already begun to flow in. This is a critical crossroads for Iraq and a very exciting time. Will Iraq ride this wave of success and momentum to prosperity for all its people to prevent something like this from happening again? These next few days will be very revealing. The latest guru updates will continue below...
7-11-2017 Newshound Guru tlm724 What an amazing, well earned and courageous victory for Iraq and it's people! I know [Guru] BondLady would be jumping for joy over the moon and back! Prime Minister Abadi achieved greatness as far as I am concerned. Somehow he managed to get the Security Forces, Iraqi Army, the Peshmerga and the popular crowd along with forces from multiple different countries to actually work together towards a common goal and for the good of the people! This victory is huge for Iraq and for us as investors in Iraq! We have been in a holding pattern for 3 plus years with this terrorism crap but it is time to land now! This stability will be a boon for investors both foreign and domestic and countries all over the world! They have been waiting in the wings to spend their money and now they will! Open wallets insert economic growth! We are on our way babies!
7-11-2017 Newshound Guru chattels Article: "Parliament celebrates the victories of Mosul and to raise its next week" I read where Abadi has made his formal victory announcement / speech. Apparently victory in Mosul is bad for legislative business as the parliament is adjourned to celebrate until Tuesday, July 18.
7-11-2017 Newshound Guru Kaperoni ...I think there are two possible scenarios...1. is they float it internally like they did back in 2004 and raise the value deleting the zeros. Or 2. wait and move to Article VIII and let investment and market forces take over. I am not so quick to say; "This event isn't going to happen any time soon" when the CBI stated just last year they plan to begin the process early 2017. Even with delays, that is a pretty absolute statement.
7-11-2017 Intel Guru Frank26 Turns out that last week...Abadi gets a hold of this company...that deals with TAXES and TARIFFS. The company brings in COMMERCIAL GUIDELINES – which must be associated with the new exchange rate and auctions. This company...DeLoitte Middle East...They are established in the Middle East … help companies come into Iraq. These companies are being ushered into Iraq by DeLoitte. By the way DeLoitte is an American company. This was plastered all over Iraqi TV last week. The Iraqi’s know that they are going to be powerful. So … WHY would you waste time/money to help foreign companies come into Iraq at a program rate? IMO … all of this is being done because they are doing something with their exchange rate.
7-11-2017 Newshound Guru mike This event isn't going to happen any time soon, it's still in it's infancy because the GOI lacks the political will to execute the long overdue legislation. When we start to see the laws passed, the freedom of movement of capital is achieved and a currency in Article VIII, we'll know Iraq is close to moving towards an open market economy. In the meantime, we'll keep seeing these types of articles imploring the GOI to act. It's clear that they aren't going to let Iraq borrow the $100 billion needed to rebuild, they're going to have to help themselves at some point. [post 2 of 2]
7-11-2017 Newshound Guru mike Article: "Fight Daesh economic trouble ." Quote: "a result of corrupt policies in the currency exchange, Iraq is suffering from a liquidity crisis. There is not enough money in circulation and that the Central Bank of Iraq is part of the problem." When they talk about money in circulation, they're talking about internal investment dinars that should reside in the banks and not under a mattress because no one trusts the banks. Instead, they bank in Jordan or Kuwait because the returns are higher and access to cash is simple and easy. This stood out to me: "Yet all of these plans are still in their infancy, but they all will live up the weak Iraqi bureaucracy." Due to the record Baghdad over the past four years, ten years, no one is betting that none of them will bear fruit without significant assistance from the international community. [post 1 of 2....stay tuned]
7-11-2017 Intel Guru Frank26 So...I believe in my heart that the new CBI website is being groomed for new variables for the IQD. We do NOT believe that the website is a fake... the OLD website and the NEW website...have their own links... [Guru] DELTA has been watching these links...once we see the MERGE of the OLD and the NEW links....(when only 1 CBI website is left)...that is when we can probably get more excited...and we believe that will happen VERY SOON! These 2 websites...we believe they are TRANSFERRING FILES. We believe that the new designers are “waiting” for the information to be given to them. [Guru] Delta is keeping a very close eye – zeroed in on watching the CBI’s website. The auctions continue. We do ask if these auctions are part of the monetary reform... and we’ve been told that they are. To us...the auctions are in indication that the value of the IQD is about to go up. I believe they have a date in mind...they just haven’t announced it. They want to be in a position to GO IMMEDIATELY! [post 2 of 2]
7-11-2017 Intel Guru Frank26 We feel that the CBI website that is being groomed to come out into the INTERNATIONAL world is not as confusing as you think it is. My friend that owns a business in Iraq...this is my dear friend WalkingStick...He is a Marine, has a heart of a Marine. He’s a no nonsense man. Last week he called me on the phone and he said that by the 21st they would be paying 1 to 1...well I said...that’s an RV...that’s the lifting of the 3 zeros. He happens to have a company with over 500 employees with 2 other gentlemen, and those 2 other gentlemen own banks in Iraq...and they are at the meetings that you and I would love to be at. When they have these meetings...they go on for hours and even days. WS has been involved in a meeting for over 4 days.. [post 1 of 2....stay tuned]
7-11-2017 Newshound Guru chattels Article: "Parliament celebrates the victories of Mosul and to raise its next week" I read where Abadi has made his formal victory announcement / speech. Apparently victory in Mosul is bad for legislative business as the parliament is adjourned to celebrate until Tuesday, July 18.
7-11-2017 Newshound Guru Kaperoni ...I think there are two possible scenarios...1. is they float it internally like they did back in 2004 and raise the value deleting the zeros. Or 2. wait and move to Article VIII and let investment and market forces take over. I am not so quick to say; "This event isn't going to happen any time soon" when the CBI stated just last year they plan to begin the process early 2017. Even with delays, that is a pretty absolute statement.
7-11-2017 Intel Guru Frank26 Turns out that last week...Abadi gets a hold of this company...that deals with TAXES and TARIFFS. The company brings in COMMERCIAL GUIDELINES – which must be associated with the new exchange rate and auctions. This company...DeLoitte Middle East...They are established in the Middle East … help companies come into Iraq. These companies are being ushered into Iraq by DeLoitte. By the way DeLoitte is an American company. This was plastered all over Iraqi TV last week. The Iraqi’s know that they are going to be powerful. So … WHY would you waste time/money to help foreign companies come into Iraq at a program rate? IMO … all of this is being done because they are doing something with their exchange rate.
7-11-2017 Newshound Guru mike This event isn't going to happen any time soon, it's still in it's infancy because the GOI lacks the political will to execute the long overdue legislation. When we start to see the laws passed, the freedom of movement of capital is achieved and a currency in Article VIII, we'll know Iraq is close to moving towards an open market economy. In the meantime, we'll keep seeing these types of articles imploring the GOI to act. It's clear that they aren't going to let Iraq borrow the $100 billion needed to rebuild, they're going to have to help themselves at some point. [post 2 of 2]
7-11-2017 Newshound Guru mike Article: "Fight Daesh economic trouble ." Quote: "a result of corrupt policies in the currency exchange, Iraq is suffering from a liquidity crisis. There is not enough money in circulation and that the Central Bank of Iraq is part of the problem." When they talk about money in circulation, they're talking about internal investment dinars that should reside in the banks and not under a mattress because no one trusts the banks. Instead, they bank in Jordan or Kuwait because the returns are higher and access to cash is simple and easy. This stood out to me: "Yet all of these plans are still in their infancy, but they all will live up the weak Iraqi bureaucracy." Due to the record Baghdad over the past four years, ten years, no one is betting that none of them will bear fruit without significant assistance from the international community. [post 1 of 2....stay tuned]
7-11-2017 Intel Guru Frank26 So...I believe in my heart that the new CBI website is being groomed for new variables for the IQD. We do NOT believe that the website is a fake... the OLD website and the NEW website...have their own links... [Guru] DELTA has been watching these links...once we see the MERGE of the OLD and the NEW links....(when only 1 CBI website is left)...that is when we can probably get more excited...and we believe that will happen VERY SOON! These 2 websites...we believe they are TRANSFERRING FILES. We believe that the new designers are “waiting” for the information to be given to them. [Guru] Delta is keeping a very close eye – zeroed in on watching the CBI’s website. The auctions continue. We do ask if these auctions are part of the monetary reform... and we’ve been told that they are. To us...the auctions are in indication that the value of the IQD is about to go up. I believe they have a date in mind...they just haven’t announced it. They want to be in a position to GO IMMEDIATELY! [post 2 of 2]
7-11-2017 Intel Guru Frank26 We feel that the CBI website that is being groomed to come out into the INTERNATIONAL world is not as confusing as you think it is. My friend that owns a business in Iraq...this is my dear friend WalkingStick...He is a Marine, has a heart of a Marine. He’s a no nonsense man. Last week he called me on the phone and he said that by the 21st they would be paying 1 to 1...well I said...that’s an RV...that’s the lifting of the 3 zeros. He happens to have a company with over 500 employees with 2 other gentlemen, and those 2 other gentlemen own banks in Iraq...and they are at the meetings that you and I would love to be at. When they have these meetings...they go on for hours and even days. WS has been involved in a meeting for over 4 days.. [post 1 of 2....stay tuned]
7-10-2017 Newshound Guru Kaperoni Congrats to Iraq for the full liberation of Mosul. The next stage must open the banking system for private investment to succeed.
7-10-2017 Intel Guru RayRen98 He went on to even make reference to escalating the reforms now that security and stability of Iraq is in place they will get the reforms underway...escalating to me, means making it happen even quicker than they were originally planning too. We sum all that up to say the main word that the citizens are hearing over there is reconciliation, economic reforms, revalue of their currency all of this is going to take place by the end of this week. The message they are telling the people right now is, "this week they will see everything". Good reason to be excited. The end is near if not here. [post 2 of 2]
7-10-2017 Intel Guru RayRen98 Articles just keep coming out of the woodwork ...It's all coming out publicly. The news articles are saying the Iraqi Prime Minister has declared the city of Mosul fully liberated from the Islamic state, IS, as we refer to it as ISIS. That was in print as we awaited the last speech to come out and many of you...listened to it. I can't tell you what was actually said, It's being communicated to me from the speech that what we wanted to hear was said...what he said, it matches up with the article. [post 1 of 2....stay tuned]
7-10-2017 Newshound Guru mike Article: "Iraqi prime minister declares victory over ISIS in Mosul" Good stuff, July 10, 2017 we see ISIL removed from Mosul.
7-10-2017 Guest Newshound Guru IraqiDay BREAKING Iraq PM Haider Al Abadi OFFICIALLY announces Mosul completely liberated....congratulations. Mosul is 100% liberated...Broke down into tears of joy as I watched Iraq PM Haider Al Abadi declare Mosul liberated. ALL the Iraqi forces made this moment possible.
7-10-2017 Newshound Guru Phillyman Article: "IRAQI TROOPS PUSH TO CLEAR LAST MOSUL GROUND OF IS MILITANTS" Quote: "Iraqi forces slowly advanced on Monday to retake the last patch of ground in Mosul where Islamic State militants are holding on to a tiny sliver of the Old City, west of the Tigris River, a day after the prime minister visited the soldiers to congratulate troops on the hard-fought battle." After numerous time lines have come and gone on the expected liberation of Mosul we are finally to the point of the last "patch" being cleared out. They were close enough yesterday to bring out Abadis victory announcement ...I am surprised to read that they still talk about 100's of IS fighters remaining. The statement looks like an exact quote of what we have been hearing for days now. Lots of guessing going on but clearly the operation is coming to a close from the military side.
7-10-2017 Intel Guru Frank26 [Was today [Sunday] the official Abadi announcement. Iraqi news said he did not give his speech.] OH NO...HE GAVE IT TO CITZ WEEKS AGO. BUT, THE ONE U SEEK SHOULD BE THIS WEEK. [ IYO does the Abadi speech we seek coincide with the RV? Both announced together or one triggers other.] NOT TOGETHER...BUT PROXIMAL...CO TANGENT. [how much do the DC meetings play a factor in Abadis timing with Mosul announced if any?] BINGO. [Is the 10-15th even hotter now with today's piece falling into place?] OH %$#@... YUP LOL.
7-10-2017 Intel/Newshound Guru tman23 Article quote: "Iraqi Prime Minister Haider al-Abadi on Sunday said the victory in the battles against the Islamic State (IS) militants in Mosul is guaranteed and it is a matter of time to defeat the extremist militants and "declare great victory" in the city." Think about it for a moment...They had these militants trapped in last 100 meters for a week or better...But right after the conclusion of the G20 Abadi goes to Mosul to declare victory...AND says...even though the fighting remains in pockets...the victory is guaranteed! Well they could have said that last week...RIGHT? Somebody gave him the OKAY...IMO! So it is not illogical to assume that there was some relevance between what was happening at the G20 and the timing of the announcement in Mosul...
7-10-2017 Intel Guru RayRen98 He went on to even make reference to escalating the reforms now that security and stability of Iraq is in place they will get the reforms underway...escalating to me, means making it happen even quicker than they were originally planning too. We sum all that up to say the main word that the citizens are hearing over there is reconciliation, economic reforms, revalue of their currency all of this is going to take place by the end of this week. The message they are telling the people right now is, "this week they will see everything". Good reason to be excited. The end is near if not here. [post 2 of 2]
7-10-2017 Intel Guru RayRen98 Articles just keep coming out of the woodwork ...It's all coming out publicly. The news articles are saying the Iraqi Prime Minister has declared the city of Mosul fully liberated from the Islamic state, IS, as we refer to it as ISIS. That was in print as we awaited the last speech to come out and many of you...listened to it. I can't tell you what was actually said, It's being communicated to me from the speech that what we wanted to hear was said...what he said, it matches up with the article. [post 1 of 2....stay tuned]
7-10-2017 Newshound Guru mike Article: "Iraqi prime minister declares victory over ISIS in Mosul" Good stuff, July 10, 2017 we see ISIL removed from Mosul.
7-10-2017 Guest Newshound Guru IraqiDay BREAKING Iraq PM Haider Al Abadi OFFICIALLY announces Mosul completely liberated....congratulations. Mosul is 100% liberated...Broke down into tears of joy as I watched Iraq PM Haider Al Abadi declare Mosul liberated. ALL the Iraqi forces made this moment possible.
7-10-2017 Newshound Guru Phillyman Article: "IRAQI TROOPS PUSH TO CLEAR LAST MOSUL GROUND OF IS MILITANTS" Quote: "Iraqi forces slowly advanced on Monday to retake the last patch of ground in Mosul where Islamic State militants are holding on to a tiny sliver of the Old City, west of the Tigris River, a day after the prime minister visited the soldiers to congratulate troops on the hard-fought battle." After numerous time lines have come and gone on the expected liberation of Mosul we are finally to the point of the last "patch" being cleared out. They were close enough yesterday to bring out Abadis victory announcement ...I am surprised to read that they still talk about 100's of IS fighters remaining. The statement looks like an exact quote of what we have been hearing for days now. Lots of guessing going on but clearly the operation is coming to a close from the military side.
7-10-2017 Intel Guru Frank26 [Was today [Sunday] the official Abadi announcement. Iraqi news said he did not give his speech.] OH NO...HE GAVE IT TO CITZ WEEKS AGO. BUT, THE ONE U SEEK SHOULD BE THIS WEEK. [ IYO does the Abadi speech we seek coincide with the RV? Both announced together or one triggers other.] NOT TOGETHER...BUT PROXIMAL...CO TANGENT. [how much do the DC meetings play a factor in Abadis timing with Mosul announced if any?] BINGO. [Is the 10-15th even hotter now with today's piece falling into place?] OH %$#@... YUP LOL.
7-10-2017 Intel/Newshound Guru tman23 Article quote: "Iraqi Prime Minister Haider al-Abadi on Sunday said the victory in the battles against the Islamic State (IS) militants in Mosul is guaranteed and it is a matter of time to defeat the extremist militants and "declare great victory" in the city." Think about it for a moment...They had these militants trapped in last 100 meters for a week or better...But right after the conclusion of the G20 Abadi goes to Mosul to declare victory...AND says...even though the fighting remains in pockets...the victory is guaranteed! Well they could have said that last week...RIGHT? Somebody gave him the OKAY...IMO! So it is not illogical to assume that there was some relevance between what was happening at the G20 and the timing of the announcement in Mosul...
7-9-2017 ***** Dinar Guru News Flash ***** Guru reports are beginning to come in...Prime Minister Abadi is IN MOSUL and has all but announced Mosul is liberated. U.S. media stations are reporting the same. Stay tuned as confirmation of the official announcement is made public and the guru chime in to interpret how this historic event will impact Iraq and the dinar moving forward. This is a very important and exciting moment. The latest guru updates will continue below...
7-9-2017 Intel Guru Dr. Clarke [Oil it seems is their saving grace and or ace in the hole so to speak. All wars are ultimately for the most part fought over resources.] OIL...whether you like it or not, IS where ALL your funding is coming from. You have an investment in OIL...Iraq, is just brokering the transaction, so to speak.
7-9-2017 Newshound/Intel Guru Mnt Goat Article: "Security forces fight last hours in battle in Mosul." I can’t help but feel that Mosul must be now “fully” liberated. We still wait for PM Abadi to make this speech and declare it to the world. Not just the Iraqi people, but it is necessary to declare it to the entire world. This is not just a statement but a needed declaration. It serves many purposes.
7-9-2017 Intel Guru Jester [Do you think the G 20 meeting will be important in moving things forward?] IF I TOLD YOU EVERYTHING WAS ALREADY DONE AND WE WERE NOT WAITING ON ANYTHING ELSE EXCEPT THE FINAL ADJUSTMENT WOULD YOU THINK THAT IS IMPORTANT? IF I TOLD YOU THAT NO ONE WAS HOLDING ANYTHING UP WOULD YOU BELIEVE ME? BECAUSE I HAVE SAID ALL THOSE THINGS...IT'S DONE...THEY JUST HAVE TO...FINISH.
7-9-2017 Intel Guru Daz NOW ON CNN...ABADI IN MOSUL...IN THE CROWD WITH THE IRAQ FLAG AROUND IS [HIS ?] SHOULDERS WITH THE CAPTION...MOSUL LIBERATED FROM ISIS.
7-9-2017 Newshound Guru Kaperoni Mosul officially liberated as Prime Minister Abadi visits the war torn area.
7-9-2017 Intel Guru RayRen98 PM Abadi is sending out the following text message: PM Al-Abadi arrives in Mosul to announce its liberation and congratulate the armed forces and Iraqi people on this victory...Articles are reporting "The Iraqi prime minister has declared the city of Mosul fully liberated from Islamic State..."
7-9-2017 Intel/Newshound Guru tman23 Looking for the lifting of the 3 zeros...and then how they treat the 3 zero notes at the exchange window...That is our investment in a nutshell...
7-9-2017 Newshound/Intel Guru Mnt Goat Article: "Security forces fight last hours in battle in Mosul." I can’t help but feel that Mosul must be now “fully” liberated. We still wait for PM Abadi to make this speech and declare it to the world. Not just the Iraqi people, but it is necessary to declare it to the entire world. This is not just a statement but a needed declaration. It serves many purposes.
7-9-2017 Intel Guru Jester [Do you think the G 20 meeting will be important in moving things forward?] IF I TOLD YOU EVERYTHING WAS ALREADY DONE AND WE WERE NOT WAITING ON ANYTHING ELSE EXCEPT THE FINAL ADJUSTMENT WOULD YOU THINK THAT IS IMPORTANT? IF I TOLD YOU THAT NO ONE WAS HOLDING ANYTHING UP WOULD YOU BELIEVE ME? BECAUSE I HAVE SAID ALL THOSE THINGS...IT'S DONE...THEY JUST HAVE TO...FINISH.
7-9-2017 Intel Guru Daz NOW ON CNN...ABADI IN MOSUL...IN THE CROWD WITH THE IRAQ FLAG AROUND IS [HIS ?] SHOULDERS WITH THE CAPTION...MOSUL LIBERATED FROM ISIS.
7-9-2017 Newshound Guru Kaperoni Mosul officially liberated as Prime Minister Abadi visits the war torn area.
7-9-2017 Intel Guru RayRen98 PM Abadi is sending out the following text message: PM Al-Abadi arrives in Mosul to announce its liberation and congratulate the armed forces and Iraqi people on this victory...Articles are reporting "The Iraqi prime minister has declared the city of Mosul fully liberated from Islamic State..."
7-9-2017 Intel/Newshound Guru tman23 Looking for the lifting of the 3 zeros...and then how they treat the 3 zero notes at the exchange window...That is our investment in a nutshell...
7-8-2017 Newshound Guru Kaperoni Article: "Victory in Mosul 'about to be announced', Iraq state TV claims" Quote: "It's a matter of hours," she said, citing the channel's correspondents embedded with security forces in the Old City of Mosul, by the Tigris river" This time it appears to be legit, several sources are reporting that today will be the announcement on Iraqi television. Let's hope so.
7-8-2017 Newshound Guru MilitiaMan They, I will bet...have the RESULTS from yesterdays meetings with Egypt and Iraq on the table about Foreign Exchange, which begets the report card meeting in DC with Iraq on what is done and not left to be done, at this point anyway. It is CRUNCH time IRAQ!
7-8-2017 Newshound Guru MyLadies [...did the IMF not give Iraq the go ahead to drop the 3 zeros in March 15?] ...if they did they neglected to put it on their site...instead what is on their site is that the central bank of each country is in charge of monetary policy and as such the IMF does not get involved in such matters...
7-8-2017 Newshound/Intel Guru BGG I just ran through these instructions [From Newshound Guest Guru RickJames2, reference post 7-3-2017] to get to this server site we were skeptical of. THERE IS A DIRECT LINK BETWEEN cbi.iq and cbi.3eyon-host…go to cbi.iq website and Click on Statistics [You can click “English” at the top of the page first]..then click on “for extended statistics”. cbi.3eyon-host.net comes up as a URL address. They are linked!! – It is a real site… if cbi.iq is legit… cbi.3eyon-host is legit host and the numbers 1.2USD/dinar and 1.08Eur/dinar… by extension…may therefore be legit also!
7-8-2017 Intel Guru RayRen98 [Do you believe the RV is to follow right away after the announcement of the liberation of Mosul?] Yes, I am of that belief because that’s what the citizens were told. “When Mosul liberated, IMMEDIATELY comes increased purchasing power, etc.” Within hours, not days. That is the belief and the expectation. The word “immediately” was used.
7-8-2017 Newshound Guru Phillyman Article: " 'Victory' over IS in Mosul imminent as insurgents lines collapse" Quote: "We are seeing now the last metres (yards) and then final victory will be announced," a television presenter said, citing the channel's correspondents embedded with security forces battling in Islamic State's redoubt in the Old City of Mosul, by the Tigris river. "It's a matter of hours," she said..." The information is coming from embedded reporters of final victory in hours. May it be so.
7-8-2017 Newshound Guru MyLadies [Do you still believe the Dinar will increase in value?] ...I do think it will increase just not overnight and not tonight. [... (Guru) Kaperoni...says the Dinar will float...Float on the open market....value based on demand, etc...and no overnight RV.] ...where is the math to support that? ...the stabilized agreement with a USD peg is what the dinar is now...there is no math to support a free float at this time with 47?? billion in reserves...seriously how does that work... [...is the dinar international? already?] Iraq banking system and Government are clearly international but the currency does not trade freely across borders yet. ...the dinar is a currency...as the currency trades and the GDP increases and Iraq moves from a frontier market to an emerging market the currency will slowly increase in value...
7-8-2017 Newshound Guru MilitiaMan Article "Iraq’s Economy is Rising" This bodes oh so well to the timing we are witnessing... I'll bet the DC meeting with Iraq Economists and PTBs will have results of those meetings on the table and signed off on. Mean while Mosul, still hasn't been 100% announced by Abadi, or has it? The citizens get purchase power through E-dinar or Ki-cards if you will, imo... Good ole slight of hand going on. Don't forget this is about them and not us...But, everything points to us though in do time.
7-8-2017 Intel/Newshound Guru tman23 So the fact is that at some point of time, the CBI is going to lift the 3 zeros. It is not going to be a slow process such as lifting 1 zero in September, 2nd zero in October and the last zero in the future...It is going to be all 3 zeros at the same time! And when they lift the 3 zeros it will happen OVER NIGHT per se'...And how they treat the 3 zero notes at the exchange window will determine if there was an over night RV per se'...
7-8-2017 Newshound Guru Aggiedad77 IMO today we have seen good things pointing to the LL [Long Line?] waiting on Iraq and getting restless for some action...they know the investment they stand before is ripe ...we of the LL are standing directly in the middle of Iraq's door awaiting it to open...disorderly like a Wal-Mart Black Friday sale...oh heavens no...We are professionals who have stood in this LL against the hands of time and know the bell will soon be tolling in our favor... IMO.
7-8-2017 Newshound Guru MilitiaMan They, I will bet...have the RESULTS from yesterdays meetings with Egypt and Iraq on the table about Foreign Exchange, which begets the report card meeting in DC with Iraq on what is done and not left to be done, at this point anyway. It is CRUNCH time IRAQ!
7-8-2017 Newshound Guru MyLadies [...did the IMF not give Iraq the go ahead to drop the 3 zeros in March 15?] ...if they did they neglected to put it on their site...instead what is on their site is that the central bank of each country is in charge of monetary policy and as such the IMF does not get involved in such matters...
7-8-2017 Newshound/Intel Guru BGG I just ran through these instructions [From Newshound Guest Guru RickJames2, reference post 7-3-2017] to get to this server site we were skeptical of. THERE IS A DIRECT LINK BETWEEN cbi.iq and cbi.3eyon-host…go to cbi.iq website and Click on Statistics [You can click “English” at the top of the page first]..then click on “for extended statistics”. cbi.3eyon-host.net comes up as a URL address. They are linked!! – It is a real site… if cbi.iq is legit… cbi.3eyon-host is legit host and the numbers 1.2USD/dinar and 1.08Eur/dinar… by extension…may therefore be legit also!
7-8-2017 Intel Guru RayRen98 [Do you believe the RV is to follow right away after the announcement of the liberation of Mosul?] Yes, I am of that belief because that’s what the citizens were told. “When Mosul liberated, IMMEDIATELY comes increased purchasing power, etc.” Within hours, not days. That is the belief and the expectation. The word “immediately” was used.
7-8-2017 Newshound Guru Phillyman Article: " 'Victory' over IS in Mosul imminent as insurgents lines collapse" Quote: "We are seeing now the last metres (yards) and then final victory will be announced," a television presenter said, citing the channel's correspondents embedded with security forces battling in Islamic State's redoubt in the Old City of Mosul, by the Tigris river. "It's a matter of hours," she said..." The information is coming from embedded reporters of final victory in hours. May it be so.
7-8-2017 Newshound Guru MyLadies [Do you still believe the Dinar will increase in value?] ...I do think it will increase just not overnight and not tonight. [... (Guru) Kaperoni...says the Dinar will float...Float on the open market....value based on demand, etc...and no overnight RV.] ...where is the math to support that? ...the stabilized agreement with a USD peg is what the dinar is now...there is no math to support a free float at this time with 47?? billion in reserves...seriously how does that work... [...is the dinar international? already?] Iraq banking system and Government are clearly international but the currency does not trade freely across borders yet. ...the dinar is a currency...as the currency trades and the GDP increases and Iraq moves from a frontier market to an emerging market the currency will slowly increase in value...
7-8-2017 Newshound Guru MilitiaMan Article "Iraq’s Economy is Rising" This bodes oh so well to the timing we are witnessing... I'll bet the DC meeting with Iraq Economists and PTBs will have results of those meetings on the table and signed off on. Mean while Mosul, still hasn't been 100% announced by Abadi, or has it? The citizens get purchase power through E-dinar or Ki-cards if you will, imo... Good ole slight of hand going on. Don't forget this is about them and not us...But, everything points to us though in do time.
7-8-2017 Intel/Newshound Guru tman23 So the fact is that at some point of time, the CBI is going to lift the 3 zeros. It is not going to be a slow process such as lifting 1 zero in September, 2nd zero in October and the last zero in the future...It is going to be all 3 zeros at the same time! And when they lift the 3 zeros it will happen OVER NIGHT per se'...And how they treat the 3 zero notes at the exchange window will determine if there was an over night RV per se'...
7-8-2017 Newshound Guru Aggiedad77 IMO today we have seen good things pointing to the LL [Long Line?] waiting on Iraq and getting restless for some action...they know the investment they stand before is ripe ...we of the LL are standing directly in the middle of Iraq's door awaiting it to open...disorderly like a Wal-Mart Black Friday sale...oh heavens no...We are professionals who have stood in this LL against the hands of time and know the bell will soon be tolling in our favor... IMO.
7-7-2017 Intel Guru RayRen98 There are news articles today that suggest Mosul is now liberated and the PM may make an...announcement or proclamation about Mosul maybe made today. Friday afternoon there is another news broadcast for Iraq...Looking to hear more information...making it an exciting weekend and throw us into an exciting reality for next week. We know where we are basically and awaiting final announcements...and await to see what happens next. We are on the way. Headed there and we are close. We are waiting for the green light of the public release of the RV. [post 2 of 2]
7-7-2017 Intel Guru Dr. Clarke “LOGIC”: Oh, Iraq could absolutely DO NOTHING with their Dinar Currency...for the rest of 2017. They could just SIT on things, just because. No problem. They could just sit, start rebuilding their trashed country, and all at the while ousting more crooks, politicians and terrorists, until next year, when everything settles down a little more, and they have things more under control, more stable, more organized. ...it’s somewhat of a “Safe Bet”, looking at the Past History of things. HOWEVER, We Don’t Think So! This is a BIG Weekend!...(Sat. night into Sunday) Watch the CBI Website Change in the next few days...oh, dis about to get...Woo Woo. “FOR PLEASURABLE ENTERTAINMENT PURPOSES ONLY”...you aint seen Nothin Yet!
7-7-2017 Intel Guru Frank26 [Please tell me about status of HCL and Kurds voting to leave iraq.] ...HCL IS FINE...WAITING FOR A RATE...IT IS BURIED WITH A RIDER IN BUDGET...KURDS ARE GOING...NOWHERE! ...IMO.
7-7-2017 Newshound Guru Adam Montana [I personally find it more than frustrating that HCL was supposed to be on the agenda at the beginning of each of the last few sessions, but ultimately wasn't.] I feel your frustration with the HCL, particularly since it's truly the key piece to this puzzle. But I also feel like we are on the right track finally, and now it's just a matter of a short time.
7-7-2017 Intel Guru RayRen98 ...“things are shaping up and I can’t wait to hear more.” That’s from the intel sources across the pond. Things are mysteriously quiet for the “good stuff.” Still waiting on information about the data cards. Not a surprise we have found some citizens who know nothing about the data card and that it exists. And other citizens who are very aware of it...Hard to find solid information on it. For instance, on the CBI site...the $1.20 information – sometimes it’s there and sometimes it isn’t. The ration card going out is going to have 1,000 dinar on it. If you look at the 1.2 rate that puts it in the .80 cent bracket...only have $800 some on it. To me comes out $830 and make the rate of 1.2 effective for calculation purposes. We await updates on that information. [post 1 of 2....stay tuned]
7-7-2017 Intel/Newshound Guru tman23 G20 is today, Friday and Saturday... Finance Ministers, Bankers, and World Leaders...along with IMF and World Bank... Then Sunday Iraq representatives along with the International Coalition will be traveling to Washington DC to meet for Post Mosul and reconstruction of Iraq agenda... The itinerary will be laid out...the planning stage was being done long ago...And for those who wonder about Mosul and small area to be taken...this should give you an idea of what they are dealing with...Iraqi soldiers increasingly accuse civilians still inside the Old City of being relatives of IS fighters.
7-7-2017 Newshound Guru Aggiedad77 Article: "Iraq’s Economy is Rising" Quote: "The main driving force behind Iraq’s economic growth is the wealth of natural resources reflected in a large number of oil and gas fields which are now open to international trade. Companies from around the world are investing into the development of these resources" ...it appears to me they are in the process of stirring up some good PR for themselves...watch for the results as next week unfolds before our eyes...keep in mind the 10th-15th...and what falls right in the middle of it all...the 12th...it can't get any better IMO...watch for the BEST to come...another hot week IMO.
7-7-2017 Newshound Guru Phillyman Article: "IRAQ SLOWS ADVANCE ON LAST ISIS POCKET IN MOSUL PACKED WITH CIVILIANS" As close as they are to wrapping this up the concentration of civilians and trying to preserve their lives has had its impact on operations.
7-7-2017 Intel Guru Frank26 [...what's the date of the DC meeting or did it happen already?] WE FEEL THAT NEXT M [MONDAY?] THEY WILL START TO ARRIVE IN TEAMS OVER A FEW DAYS. [...do you expect to see the rate before they go to DC?] ...NO. DC IS A REPORT CARD...NOT THE EVENT OF THE RV IMO...IT IS TOO EARLY FOR PEOPLE OUTSIDE OF IRAQ TO SEE THE PRICE CHANGES AT THIS MOMENT...MUCH MORE NEXT WEEK AND LOTS MORE AFTER THE 21ST PAYDAY. [...who from our side will be at DC mtg with Iraq?] EVERYONE! UST, FEDS, WB, IMF, ME...I MEAN MIDDLE EAST...LOL. [When do you suspect the DC meetings will conclude and Iraq delegation returns to Iraq.] END OF NEXT WEEK... UNLESS THINGS ARE CHANGED ON THE MEETINGS. [IYO, could it make sense for Abadi to time the announce to the world, that Mosul is fully liberated, soon after CBI delegation return from receiving a good grade on their report card in DC?] YES. [...is the 10th-15th still critical watch dates?] OH YES!
7-7-2017 Newshound Guru Adam Montana [Mosul is liberated...the elections have been postponed until 2018...Banks are being held accountable...Things are looking good!] YEP!
7-7-2017 Intel Guru Bruce It's an orchestrated start for all to take part in this blessing together at the same time...The release is right here. It could happen right before the G20 gets under way. I can't call it, but we are looking very, very good for this to take place. All the intel is looking great. Everything looks really good…like it could happen at any moment.
7-7-2017 Intel/Newshound Guru tman23 ...it's all about the 3 zeros...and nothing but the 3 zeros! AND the speculation is how will the 3 zero notes we hold be treated at the exchange window. ...The only thing the have said is they are going to lift 3 zeros from the currency AND the existing currency will be along side of the new currency in the marketplace for an estimated 2 years (which they expect the timeline for it to be out of circulation) BUT it will be exchangeable for a period of 10 years...(which indicates you may have to go directly to the CBI)...This is the jest of what has been in print...over and over again...
7-7-2017 Intel Guru Dr. Clarke “LOGIC”: Oh, Iraq could absolutely DO NOTHING with their Dinar Currency...for the rest of 2017. They could just SIT on things, just because. No problem. They could just sit, start rebuilding their trashed country, and all at the while ousting more crooks, politicians and terrorists, until next year, when everything settles down a little more, and they have things more under control, more stable, more organized. ...it’s somewhat of a “Safe Bet”, looking at the Past History of things. HOWEVER, We Don’t Think So! This is a BIG Weekend!...(Sat. night into Sunday) Watch the CBI Website Change in the next few days...oh, dis about to get...Woo Woo. “FOR PLEASURABLE ENTERTAINMENT PURPOSES ONLY”...you aint seen Nothin Yet!
7-7-2017 Intel Guru Frank26 [Please tell me about status of HCL and Kurds voting to leave iraq.] ...HCL IS FINE...WAITING FOR A RATE...IT IS BURIED WITH A RIDER IN BUDGET...KURDS ARE GOING...NOWHERE! ...IMO.
7-7-2017 Newshound Guru Adam Montana [I personally find it more than frustrating that HCL was supposed to be on the agenda at the beginning of each of the last few sessions, but ultimately wasn't.] I feel your frustration with the HCL, particularly since it's truly the key piece to this puzzle. But I also feel like we are on the right track finally, and now it's just a matter of a short time.
7-7-2017 Intel Guru RayRen98 ...“things are shaping up and I can’t wait to hear more.” That’s from the intel sources across the pond. Things are mysteriously quiet for the “good stuff.” Still waiting on information about the data cards. Not a surprise we have found some citizens who know nothing about the data card and that it exists. And other citizens who are very aware of it...Hard to find solid information on it. For instance, on the CBI site...the $1.20 information – sometimes it’s there and sometimes it isn’t. The ration card going out is going to have 1,000 dinar on it. If you look at the 1.2 rate that puts it in the .80 cent bracket...only have $800 some on it. To me comes out $830 and make the rate of 1.2 effective for calculation purposes. We await updates on that information. [post 1 of 2....stay tuned]
7-7-2017 Intel/Newshound Guru tman23 G20 is today, Friday and Saturday... Finance Ministers, Bankers, and World Leaders...along with IMF and World Bank... Then Sunday Iraq representatives along with the International Coalition will be traveling to Washington DC to meet for Post Mosul and reconstruction of Iraq agenda... The itinerary will be laid out...the planning stage was being done long ago...And for those who wonder about Mosul and small area to be taken...this should give you an idea of what they are dealing with...Iraqi soldiers increasingly accuse civilians still inside the Old City of being relatives of IS fighters.
7-7-2017 Newshound Guru Aggiedad77 Article: "Iraq’s Economy is Rising" Quote: "The main driving force behind Iraq’s economic growth is the wealth of natural resources reflected in a large number of oil and gas fields which are now open to international trade. Companies from around the world are investing into the development of these resources" ...it appears to me they are in the process of stirring up some good PR for themselves...watch for the results as next week unfolds before our eyes...keep in mind the 10th-15th...and what falls right in the middle of it all...the 12th...it can't get any better IMO...watch for the BEST to come...another hot week IMO.
7-7-2017 Newshound Guru Phillyman Article: "IRAQ SLOWS ADVANCE ON LAST ISIS POCKET IN MOSUL PACKED WITH CIVILIANS" As close as they are to wrapping this up the concentration of civilians and trying to preserve their lives has had its impact on operations.
7-7-2017 Intel Guru Frank26 [...what's the date of the DC meeting or did it happen already?] WE FEEL THAT NEXT M [MONDAY?] THEY WILL START TO ARRIVE IN TEAMS OVER A FEW DAYS. [...do you expect to see the rate before they go to DC?] ...NO. DC IS A REPORT CARD...NOT THE EVENT OF THE RV IMO...IT IS TOO EARLY FOR PEOPLE OUTSIDE OF IRAQ TO SEE THE PRICE CHANGES AT THIS MOMENT...MUCH MORE NEXT WEEK AND LOTS MORE AFTER THE 21ST PAYDAY. [...who from our side will be at DC mtg with Iraq?] EVERYONE! UST, FEDS, WB, IMF, ME...I MEAN MIDDLE EAST...LOL. [When do you suspect the DC meetings will conclude and Iraq delegation returns to Iraq.] END OF NEXT WEEK... UNLESS THINGS ARE CHANGED ON THE MEETINGS. [IYO, could it make sense for Abadi to time the announce to the world, that Mosul is fully liberated, soon after CBI delegation return from receiving a good grade on their report card in DC?] YES. [...is the 10th-15th still critical watch dates?] OH YES!
7-7-2017 Newshound Guru Adam Montana [Mosul is liberated...the elections have been postponed until 2018...Banks are being held accountable...Things are looking good!] YEP!
7-7-2017 Intel Guru Bruce It's an orchestrated start for all to take part in this blessing together at the same time...The release is right here. It could happen right before the G20 gets under way. I can't call it, but we are looking very, very good for this to take place. All the intel is looking great. Everything looks really good…like it could happen at any moment.
7-7-2017 Intel/Newshound Guru tman23 ...it's all about the 3 zeros...and nothing but the 3 zeros! AND the speculation is how will the 3 zero notes we hold be treated at the exchange window. ...The only thing the have said is they are going to lift 3 zeros from the currency AND the existing currency will be along side of the new currency in the marketplace for an estimated 2 years (which they expect the timeline for it to be out of circulation) BUT it will be exchangeable for a period of 10 years...(which indicates you may have to go directly to the CBI)...This is the jest of what has been in print...over and over again...
7-6-2017 ***** Dinar Guru News Update ***** Below is the latest Mosul Map - The Old City District. These are the final areas of Mosul needed to be liberated. The GREEN areas are the liberated areas. The RED areas are the remaining clash zones. Prime Minsiter Abadi is expected to officially announce the liberation of Mosul once these areas have been secured. Stay tuned as this historic news story unfolds. The latest guru updates will continue below...
7-6-2017 Intel/Newshound Guru tman23 ...The G20 is meeting Friday and Saturday...After this meeting we can go up to the 15th...if nothing transpires by the 15th or shows a move to educate citizens etc...or remotely in that direction...Forget July...Hello 2018...NOT GOOD!
7-6-2017 Newshound Guru Phillyman Articles: "Getting in Early is Key to Success in Iraq, Conference told" "Iraq Britain Business Council welcomes 7 New Members" ... I'm loving the potential of Iraq...If you have a pulse you have got to be excited about the future Iraq.
7-6-2017 Newshound Guru Adam Montana Positive things going forward:
- Mosul, as I mentioned last week and the week prior, is basically reclaimed from ISIS.
- ISIS is no longer a key element. They are barely functioning, crippled, and whittled down to almost nothing.
- HCL should be addressed, officially, in a timely manner.
- We can be confident that the IMF and CBI are on good terms. CBI is acting like a real player, and the IMF is giving them an approving nod simply by not saying anything contradictory about them.
- Regarding oil PPB, and the recent agreement amongst the major OPEC members, Iraq is essentially exempt from the exportation restrictions. This gives Iraq a HUGE advantage when they are ready to "flip the switch"!
- Abadi is back in high-gear and on a mission - I love this stuff!
My list of Positives keeps going, but that's enough to make my point. We're heading in a good direction! [post 3 of 3]
7-6-2017 Newshound Guru Adam Montana Ramadamading-dong and Eid al Fitr have passed. The gears have begun turning again, and the RV-Train is chugging along again! Parliament is back in session, and although they haven't addressed the HCL yet (like they were supposedly going to do... :grrr:) - there is not one negative piece of information I can find about the potential for it to hit the table, possibly as soon as Sunday. I don't know that it will be Sunday, but it is possible. [post 2 of 3....stay tuned]
7-6-2017 Newshound Guru Adam Montana ...there is a website online that has been causing some rumors. It is published and hosted under an Iraqi domain that people have been wondering about. I've received confirmation that this is not a "pointer" to anything RV related. It may have been commissioned by the CBI as a future official CBI website, but the rates that are being displayed are not an actual indicator of a future rate. The only thing that is important to know about the website is that they have included the ability to quickly change the conversion ratio. This does not mean that the rate they put on the site right now is the rate they are going to implement... it's just an arbitrary number. So if you go to that site and you see "$1", don't get fired up about that. It's only a couple mouse-clicks to change it to $3, $0.10, or any other number. Now, the good news. [post 1 of 3....stay tuned]
7-6-2017 Newshound Guru Peggy68 This is all in my opinion, the provided information provided is my interpretation from current events, articles, and global websites: July 6: IRAQ will Announce Liberation & the International Rate in country. The Federal Reserve will initiate the Iraq International Rate along with Egypt as listed on the Federal Reserve Calendar. July 9: CBI will show the Iraq International Rate. July 10: FOREX will list the IQD International Rate.
7-6-2017 Newshound Guru Aggiedad77 Article: "Economists: Iraq gives him reserves the right to increase its share of oil in world markets" Quote: "the Iraqi oil reserves estimated at more than 500 billion barrels," calling the organization to OPEC countries or non-organization has to "consider positively to this right" Now we are finally talking some oil reserves that carry a punch...I have long suspected that the oil reserves that Iraq claimed were far under reported...their sands are full of it...They have areas that have yet to be seismically tested for oil...500 BILLION Barrels of reserves is more realistic I believe...move over Saudi there is a new king of the oil heap in town...oh buddy talk about taking care of the future for many years to come...along with all the other riches they sit upon as well...Fat rich and soon to be happy IMO.
7-6-2017 Intel Guru Delta The announcement from Alak...has a requirement that has to happen before August. Seminars / conferences they have had...and none have been successful until they lift the value of their currency (internationally). IMO...I think JULY should be the month. August will be a problem with the IMF. Based on the IMF website...the IMF will not meet with them unless they obey the currency reform parameters. They must raise the value. In my opinion – in July.
7-6-2017 Intel Guru Frank26 1 to 1 IN COUNTRY...IMO what is happening in Iraq RIGHT NOW with their currency. [“so if they are 1 to 1 – why can’t we see it internationally yet?”] Because it’s a monetary reform process. The MR requires some steps and I believe these steps have been accomplished! On Monday...my friend (with 500 employees in Iraq) was going to start to pay his employees at a rate of 1 to 1. Understand, he had 3 weeks to do that. Today is the 5th. The last week of the 3 weeks doesn’t mean anything to me because everything should have been done by then. So...where will IRAQ’S financial people be next week? Where will the IMF and the CBI be? They will meet in Washington, DC. The 1st week of the 3 weeks...to take it to 1 to 1...that week is gone. Week #2...THAT IS WHAT WE ARE LOOKING FOR...time frame 10th to the 15th of July. On Monday...if you want to see the PROOF...costs of goods and services will change. The citizens are excited – they’re not concerned about the monetary reform. They have been educated. IMO...WE REALLY ARE AT THE END OF THIS LONG PROCESS!
7-6-2017 Newshound Guru Phillyman [Once they finally clear ISIS wonder what the next obstacle is gonna be before we see a change in the rate...] ...Even though they clear IS out of Mosul they are still in many other areas of Iraq. Will it stop the changes we are looking for from moving forward? Violence has permeated the region for centuries. [Guru] Breitling says the Sunnis will always hate the Shia but that it will not impact this reform. There seem to be too many countries/businesses pouring assets into Iraq to think it won't turn around soon but of course time lines have brought so much frustration to this investment.
7-6-2017 Intel Guru Bluwolf I don't absorb anything that is not confirmed with my sources. Nor do I share false hope...Simply because we are way past the hoping situación and into the receiving scenario...There are no holdup nor will they ever be anymore...we simply are waiting for our turn to go in...
7-6-2017 Newshound Guru Phillyman Articles: "Getting in Early is Key to Success in Iraq, Conference told" "Iraq Britain Business Council welcomes 7 New Members" ... I'm loving the potential of Iraq...If you have a pulse you have got to be excited about the future Iraq.
7-6-2017 Newshound Guru Adam Montana Positive things going forward:
- Mosul, as I mentioned last week and the week prior, is basically reclaimed from ISIS.
- ISIS is no longer a key element. They are barely functioning, crippled, and whittled down to almost nothing.
- HCL should be addressed, officially, in a timely manner.
- We can be confident that the IMF and CBI are on good terms. CBI is acting like a real player, and the IMF is giving them an approving nod simply by not saying anything contradictory about them.
- Regarding oil PPB, and the recent agreement amongst the major OPEC members, Iraq is essentially exempt from the exportation restrictions. This gives Iraq a HUGE advantage when they are ready to "flip the switch"!
- Abadi is back in high-gear and on a mission - I love this stuff!
My list of Positives keeps going, but that's enough to make my point. We're heading in a good direction! [post 3 of 3]
7-6-2017 Newshound Guru Adam Montana Ramadamading-dong and Eid al Fitr have passed. The gears have begun turning again, and the RV-Train is chugging along again! Parliament is back in session, and although they haven't addressed the HCL yet (like they were supposedly going to do... :grrr:) - there is not one negative piece of information I can find about the potential for it to hit the table, possibly as soon as Sunday. I don't know that it will be Sunday, but it is possible. [post 2 of 3....stay tuned]
7-6-2017 Newshound Guru Adam Montana ...there is a website online that has been causing some rumors. It is published and hosted under an Iraqi domain that people have been wondering about. I've received confirmation that this is not a "pointer" to anything RV related. It may have been commissioned by the CBI as a future official CBI website, but the rates that are being displayed are not an actual indicator of a future rate. The only thing that is important to know about the website is that they have included the ability to quickly change the conversion ratio. This does not mean that the rate they put on the site right now is the rate they are going to implement... it's just an arbitrary number. So if you go to that site and you see "$1", don't get fired up about that. It's only a couple mouse-clicks to change it to $3, $0.10, or any other number. Now, the good news. [post 1 of 3....stay tuned]
7-6-2017 Newshound Guru Peggy68 This is all in my opinion, the provided information provided is my interpretation from current events, articles, and global websites: July 6: IRAQ will Announce Liberation & the International Rate in country. The Federal Reserve will initiate the Iraq International Rate along with Egypt as listed on the Federal Reserve Calendar. July 9: CBI will show the Iraq International Rate. July 10: FOREX will list the IQD International Rate.
7-6-2017 Newshound Guru Aggiedad77 Article: "Economists: Iraq gives him reserves the right to increase its share of oil in world markets" Quote: "the Iraqi oil reserves estimated at more than 500 billion barrels," calling the organization to OPEC countries or non-organization has to "consider positively to this right" Now we are finally talking some oil reserves that carry a punch...I have long suspected that the oil reserves that Iraq claimed were far under reported...their sands are full of it...They have areas that have yet to be seismically tested for oil...500 BILLION Barrels of reserves is more realistic I believe...move over Saudi there is a new king of the oil heap in town...oh buddy talk about taking care of the future for many years to come...along with all the other riches they sit upon as well...Fat rich and soon to be happy IMO.
7-6-2017 Intel Guru Delta The announcement from Alak...has a requirement that has to happen before August. Seminars / conferences they have had...and none have been successful until they lift the value of their currency (internationally). IMO...I think JULY should be the month. August will be a problem with the IMF. Based on the IMF website...the IMF will not meet with them unless they obey the currency reform parameters. They must raise the value. In my opinion – in July.
7-6-2017 Intel Guru Frank26 1 to 1 IN COUNTRY...IMO what is happening in Iraq RIGHT NOW with their currency. [“so if they are 1 to 1 – why can’t we see it internationally yet?”] Because it’s a monetary reform process. The MR requires some steps and I believe these steps have been accomplished! On Monday...my friend (with 500 employees in Iraq) was going to start to pay his employees at a rate of 1 to 1. Understand, he had 3 weeks to do that. Today is the 5th. The last week of the 3 weeks doesn’t mean anything to me because everything should have been done by then. So...where will IRAQ’S financial people be next week? Where will the IMF and the CBI be? They will meet in Washington, DC. The 1st week of the 3 weeks...to take it to 1 to 1...that week is gone. Week #2...THAT IS WHAT WE ARE LOOKING FOR...time frame 10th to the 15th of July. On Monday...if you want to see the PROOF...costs of goods and services will change. The citizens are excited – they’re not concerned about the monetary reform. They have been educated. IMO...WE REALLY ARE AT THE END OF THIS LONG PROCESS!
7-6-2017 Newshound Guru Phillyman [Once they finally clear ISIS wonder what the next obstacle is gonna be before we see a change in the rate...] ...Even though they clear IS out of Mosul they are still in many other areas of Iraq. Will it stop the changes we are looking for from moving forward? Violence has permeated the region for centuries. [Guru] Breitling says the Sunnis will always hate the Shia but that it will not impact this reform. There seem to be too many countries/businesses pouring assets into Iraq to think it won't turn around soon but of course time lines have brought so much frustration to this investment.
7-6-2017 Intel Guru Bluwolf I don't absorb anything that is not confirmed with my sources. Nor do I share false hope...Simply because we are way past the hoping situación and into the receiving scenario...There are no holdup nor will they ever be anymore...we simply are waiting for our turn to go in...
7-5-2017 Intel Guru RayRen98 Monday we were addressing the National Celebration that was to take place...to our understanding it did in fact take place. There was no official announcement of the liberation of Mosul. ISX reported at 1
to 1. Since that report the approval of the ration cards at 1,000 dinar came out...The approval supposedly took place this weekend. One thousand dinar at the program rate (UN recognized rate at this time) amounts to .80 something cents, give or take. Waiting to hear from recipients of the ration card and put two and two together and see what kind of mathematics is the result. PM Abadi has not made the official announcement...proclamation of the liberation of Mosul and until he says it, according to him, it is not done yet. Received several reports over the July 4th that (bank) memo's did come out indicating sometime this week...I have nothing saying Friday...just 10 for 10 for this week. I can't find anything other than expectations for this week on both sides of this equation.
7-5-2017 Intel Guru 12thMan Within a few days a part, another main contact of our team, reached out to us with a few bits of information. I can't share all that was said until we see validation in the news or through our boots on the ground in Iraq. But, what I can say is, our contact was called in off his family vacation yesterday due to the blessing and it's timing. This contact plays a certain role at a US financial firm. Please note, there is only one maybe two people who can call him and say get back now. Our group leader also stated that we need to be ready at a seconds notice... This is two of our 6 in the loop contacts that have reached out to us within the same week. They called us...which brings a great amount of excitement to my heart! I predict we will hear from our boots on the ground soon seeing my groups lead reached out to him looking for validation on a few things that people keep reporting.
7-5-2017 Newshound Guest Guru Cliff So, in my view, the 1.2 displayed is just a rounded-off number that shows the present value of the dinar in US dollars...with the 3 zeroes removed. Of course, I understand that this is not the actual and final international rate that we will receive...but I believe it is a rounded-off depiction of the present value of the dinar...without the 3 zeroes. Also then, on the test site, the calculator is showing how many dinar it will take to buy another currency. Remember, this website is about them…not us. It is about the dinar, not about the US dollar. So, when you type the number 1 into the calculator for US dollar, the result comes up as 1.2, but again, this does not mean that a dinar is worth 1.2 US dollars but rather that a US dollar is worth 1.2 dinar. Again, it is a tool designed FOR THEM to use as a calculator, not for us. [post 2 of 2]
7-5-2017 Newshound Guest Guru Cliff It appears that the CBI "test site" that many are discussing is legitimate, as the URL on which it appears (http://cbi.3eyon-host.net) can be accessed from the real active CBI site under the STATISTICS tab. This would give credence to the theory that this is an actual test site that was and is being utilized by the bank's web developers. But what intrigues me is how so many have seen the 1.2 figure next to the US Dollar slot and have announced that it means that the dinar will be revalued at $1.20, when that does not appear to me to be what it is indicating at all. On the actual active site (www.cbi.iq), it presently shows 1184 on the US dollar slot...which I understand to mean that it takes 1184 dinar to equal 1 US dollar. This would make the value of the dinar to be .000845 (1 divided by 1184), thus the 3 zeroes. So, by the same token, the 1.2 figure on the test site SHOULD NOT mean that a dinar is valued at $1.20, but that it takes 1.2 dinars to equal 1 US dollar. This would be .833 US dollars (1 divided by 1.2 equals 83.3 cents), and not the $1.20 that everyone is talking about. [post 1 of 2....stay tuned] [See Guest Guru RickJames post below for more insight about the 3 CBI sites]
7-5-2017 Newshound Guest Guru RickJames2 ...I found another access point to cbi.3eyon-host.net from cbi.iq. Go to cbi.iq..click on Statistics [Tab on the bottom right in the same area as Exchange Rates tab] and scroll down to read more. Again cbi.3eyon-host website comes up. This occurs on both sides of the cbi.iq website...English and Arabic. Also, previously...I remember being allowed access to cbi.3eyon-host from "for extended statistics" on Arabic side...this is no longer possible...it comes up as cbi.iq URL now. [See Also 7-4-2017 Posts from Guest Guru RickJames2 and Guru Tman23 below for more on the discovery of the link between the CBI's "hidden test site" and "official" public site.]
7-5-2017 Intel Guru RayRen98 [Do you expect VND to remain at the rate it comes out, or might it float?] I haven’t seen/heard any indicators that the dong will float once it has revalued.
to 1. Since that report the approval of the ration cards at 1,000 dinar came out...The approval supposedly took place this weekend. One thousand dinar at the program rate (UN recognized rate at this time) amounts to .80 something cents, give or take. Waiting to hear from recipients of the ration card and put two and two together and see what kind of mathematics is the result. PM Abadi has not made the official announcement...proclamation of the liberation of Mosul and until he says it, according to him, it is not done yet. Received several reports over the July 4th that (bank) memo's did come out indicating sometime this week...I have nothing saying Friday...just 10 for 10 for this week. I can't find anything other than expectations for this week on both sides of this equation.
7-5-2017 Intel Guru 12thMan Within a few days a part, another main contact of our team, reached out to us with a few bits of information. I can't share all that was said until we see validation in the news or through our boots on the ground in Iraq. But, what I can say is, our contact was called in off his family vacation yesterday due to the blessing and it's timing. This contact plays a certain role at a US financial firm. Please note, there is only one maybe two people who can call him and say get back now. Our group leader also stated that we need to be ready at a seconds notice... This is two of our 6 in the loop contacts that have reached out to us within the same week. They called us...which brings a great amount of excitement to my heart! I predict we will hear from our boots on the ground soon seeing my groups lead reached out to him looking for validation on a few things that people keep reporting.
7-5-2017 Newshound Guest Guru Cliff So, in my view, the 1.2 displayed is just a rounded-off number that shows the present value of the dinar in US dollars...with the 3 zeroes removed. Of course, I understand that this is not the actual and final international rate that we will receive...but I believe it is a rounded-off depiction of the present value of the dinar...without the 3 zeroes. Also then, on the test site, the calculator is showing how many dinar it will take to buy another currency. Remember, this website is about them…not us. It is about the dinar, not about the US dollar. So, when you type the number 1 into the calculator for US dollar, the result comes up as 1.2, but again, this does not mean that a dinar is worth 1.2 US dollars but rather that a US dollar is worth 1.2 dinar. Again, it is a tool designed FOR THEM to use as a calculator, not for us. [post 2 of 2]
7-5-2017 Newshound Guest Guru Cliff It appears that the CBI "test site" that many are discussing is legitimate, as the URL on which it appears (http://cbi.3eyon-host.net) can be accessed from the real active CBI site under the STATISTICS tab. This would give credence to the theory that this is an actual test site that was and is being utilized by the bank's web developers. But what intrigues me is how so many have seen the 1.2 figure next to the US Dollar slot and have announced that it means that the dinar will be revalued at $1.20, when that does not appear to me to be what it is indicating at all. On the actual active site (www.cbi.iq), it presently shows 1184 on the US dollar slot...which I understand to mean that it takes 1184 dinar to equal 1 US dollar. This would make the value of the dinar to be .000845 (1 divided by 1184), thus the 3 zeroes. So, by the same token, the 1.2 figure on the test site SHOULD NOT mean that a dinar is valued at $1.20, but that it takes 1.2 dinars to equal 1 US dollar. This would be .833 US dollars (1 divided by 1.2 equals 83.3 cents), and not the $1.20 that everyone is talking about. [post 1 of 2....stay tuned] [See Guest Guru RickJames post below for more insight about the 3 CBI sites]
7-5-2017 Newshound Guest Guru RickJames2 ...I found another access point to cbi.3eyon-host.net from cbi.iq. Go to cbi.iq..click on Statistics [Tab on the bottom right in the same area as Exchange Rates tab] and scroll down to read more. Again cbi.3eyon-host website comes up. This occurs on both sides of the cbi.iq website...English and Arabic. Also, previously...I remember being allowed access to cbi.3eyon-host from "for extended statistics" on Arabic side...this is no longer possible...it comes up as cbi.iq URL now. [See Also 7-4-2017 Posts from Guest Guru RickJames2 and Guru Tman23 below for more on the discovery of the link between the CBI's "hidden test site" and "official" public site.]
7-5-2017 Intel Guru RayRen98 [Do you expect VND to remain at the rate it comes out, or might it float?] I haven’t seen/heard any indicators that the dong will float once it has revalued.
7-4-2017 Newshound Guru Phillyman Article: "IRAQI PM CONGRATULATES TROOPS ON 'BIG VICTORY' IN MOSUL" Looks like Abadi went ahead with an announcement even though they are not done the liberation probably for the symbolism of it being the 3rd anniversary of al- Baghdadis sermon at the Mosul mosque.
7-4-2017 Intel Guru RayRen98 [Do you think that this is the week of the RV?] Yes. I don’t have anything to indicate it is not the week of the RV. [On a scale of 1-10, what is your confidence level for this week?] Based on the information that I have, and not hearing anything to the contrary, I’m at a 10.
7-4-2017 Intel Guru Frank26 [It appears that the CBI "test site" that many are discussing is legitimate...] [Guru] DELTA is STUDYING the new website...As we Learn more...So will You. Right now we can only guess at what they are truly doing with the WSite...BUT!...It sure is exciting and encouraging. [See Guru Posts 7-4-2017 Newshound Guest Guru RickJames2 and Intel/Newshound Guru tman23 below.]
7-4-2017 Newshound Guest Guru RickJames2 I just found evidence that the cbi.iq and cbi.3eyon-host.net link also is linked to cbiraq.org. Click on “Statistical site” in the column on the left (when on cbi.3eyon-host.net) and the cbirag.org website,,with its URL pops up. In other words I have shown that site number 1 (cbi.iq) directly links to site number 2 (cbi.3eyon-host.net) to site number 3 (cbiraq.org). I still believe that cbi.3eyon-host.net is their site where they are working things out..numbers/stats..etc Perhaps they have been caught with their pants down. The 1.2 number is still up by the way on cbi.3eyon-host.net [ Reference Posts: 7-4-2017 Guru tman23 below and 7-3-2017 Guest Guru RickJames below]
7-4-2017 Inel/Newshound Guru tman23 This is from Guru [Guest Guru RickJames2: Dinarguru.com] ...not me.....but yea !!! I found that there is a direct link between cbi.iq and cbi.3eyon-host...go to cbi.iq website and Click on Statistics [You can click "English" at the top of the page first]..then click on "for extended statistics". cbi.3eyon-host.net comes up as a URL address. They are linked it is a real site evidently…When Basnews had the 1 dinar - 3.64 dolar..... that was not a widget......that was direct to a server in redwood California...... days after it switched to Virginia...... But the exchange link address was to major us bank.....AND REMEMBER......THE BASNEWS SITE HAD THE DOLLAR AND EURO......NOTHING ELSE....... THIS IS THE SAME THING WE ARE SEEING WITH THE CBI TEST SITE........ ONLY EURO AND USD ARE CHANGED........Like we keep saying......What a bunch of coincidences !!! [Reference Guest Guru RickJames2 7-3-2017 below]
7-4-2017 Intel Guru Frank26 The IMF, WB, UST...they told them what to do last year...agreed to in December 2016. Alak held a conference call (yesterday)...and Alak spoke with the MEDIA...to educate the citizens. The evidence of purchasing power is surfacing. This info is all over the TV in Iraq. ...envision the quarterback is now being UNPAUSED...they are ready. They are already celebrating in Mosul. Alak is educating their citizens. IMO he is saying this because yesterday … they finished lifting the last of the zeros. The monetary reform has been UNFROZEN!!! We now have 3 zeros lifted ...as of today (Monday) IMO...they are now preparing to pay them in the month of July at 1 to 1 at 100% IQD. That is a competition with the IMF requirement to become international! The market can now take this currency and drive it up. [post 2 of 2]
7-4-2017 Intel Guru Frank26 It’s been an amazing month of June. We’re now in a really good position in July! What has happened with the 3 zeros in the MR process of the IQD? ...I feel something VERY special happened. First of all we want to take you back...back in January 2017...Alak (Governor of the CBI) – he disappointed all of us ...and broke the heart of the LL (Long-Line)...as he declared that he needed to postpone the lifting of the 3 zeros due to corruption/Mosul. A lot needed to be cleaned up. Alak didn’t say that he was stopping the process. Today (we see the evidence) … Alak who can really tell us what is going on (the man who replaced Dr. Shabibi) – he is talking SO LOUD that it is creating a SONIC BOOM. He said that the CBI has overcome the dangers and moved away from the gray to the follow-up areas...they have OVERCOME the issues they had in January. [post 1 of 2....stay tuned]
7-4-2017 Newshound Guru Kaperoni Article: "Keywords «morning»: our economy overcome the difficult phase " Quote: "Keywords also pointed out that the central bank has made significant progress over the past two years regarding the fight against money laundering and the financing of terrorism and the smuggling of foreign currency procedures" This article IMO is pretty important to give the CBI even more confidence when they make compliance and decide to move to Article VIII. They know that doing so will open the door to extensive transactions all over the world so have this foundation is important.
7-4-2017 Intel Guru RayRen98 [Do you think that this is the week of the RV?] Yes. I don’t have anything to indicate it is not the week of the RV. [On a scale of 1-10, what is your confidence level for this week?] Based on the information that I have, and not hearing anything to the contrary, I’m at a 10.
7-4-2017 Intel Guru Frank26 [It appears that the CBI "test site" that many are discussing is legitimate...] [Guru] DELTA is STUDYING the new website...As we Learn more...So will You. Right now we can only guess at what they are truly doing with the WSite...BUT!...It sure is exciting and encouraging. [See Guru Posts 7-4-2017 Newshound Guest Guru RickJames2 and Intel/Newshound Guru tman23 below.]
7-4-2017 Newshound Guest Guru RickJames2 I just found evidence that the cbi.iq and cbi.3eyon-host.net link also is linked to cbiraq.org. Click on “Statistical site” in the column on the left (when on cbi.3eyon-host.net) and the cbirag.org website,,with its URL pops up. In other words I have shown that site number 1 (cbi.iq) directly links to site number 2 (cbi.3eyon-host.net) to site number 3 (cbiraq.org). I still believe that cbi.3eyon-host.net is their site where they are working things out..numbers/stats..etc Perhaps they have been caught with their pants down. The 1.2 number is still up by the way on cbi.3eyon-host.net [ Reference Posts: 7-4-2017 Guru tman23 below and 7-3-2017 Guest Guru RickJames below]
7-4-2017 Inel/Newshound Guru tman23 This is from Guru [Guest Guru RickJames2: Dinarguru.com] ...not me.....but yea !!! I found that there is a direct link between cbi.iq and cbi.3eyon-host...go to cbi.iq website and Click on Statistics [You can click "English" at the top of the page first]..then click on "for extended statistics". cbi.3eyon-host.net comes up as a URL address. They are linked it is a real site evidently…When Basnews had the 1 dinar - 3.64 dolar..... that was not a widget......that was direct to a server in redwood California...... days after it switched to Virginia...... But the exchange link address was to major us bank.....AND REMEMBER......THE BASNEWS SITE HAD THE DOLLAR AND EURO......NOTHING ELSE....... THIS IS THE SAME THING WE ARE SEEING WITH THE CBI TEST SITE........ ONLY EURO AND USD ARE CHANGED........Like we keep saying......What a bunch of coincidences !!! [Reference Guest Guru RickJames2 7-3-2017 below]
7-4-2017 Intel Guru Frank26 The IMF, WB, UST...they told them what to do last year...agreed to in December 2016. Alak held a conference call (yesterday)...and Alak spoke with the MEDIA...to educate the citizens. The evidence of purchasing power is surfacing. This info is all over the TV in Iraq. ...envision the quarterback is now being UNPAUSED...they are ready. They are already celebrating in Mosul. Alak is educating their citizens. IMO he is saying this because yesterday … they finished lifting the last of the zeros. The monetary reform has been UNFROZEN!!! We now have 3 zeros lifted ...as of today (Monday) IMO...they are now preparing to pay them in the month of July at 1 to 1 at 100% IQD. That is a competition with the IMF requirement to become international! The market can now take this currency and drive it up. [post 2 of 2]
7-4-2017 Intel Guru Frank26 It’s been an amazing month of June. We’re now in a really good position in July! What has happened with the 3 zeros in the MR process of the IQD? ...I feel something VERY special happened. First of all we want to take you back...back in January 2017...Alak (Governor of the CBI) – he disappointed all of us ...and broke the heart of the LL (Long-Line)...as he declared that he needed to postpone the lifting of the 3 zeros due to corruption/Mosul. A lot needed to be cleaned up. Alak didn’t say that he was stopping the process. Today (we see the evidence) … Alak who can really tell us what is going on (the man who replaced Dr. Shabibi) – he is talking SO LOUD that it is creating a SONIC BOOM. He said that the CBI has overcome the dangers and moved away from the gray to the follow-up areas...they have OVERCOME the issues they had in January. [post 1 of 2....stay tuned]
7-4-2017 Newshound Guru Kaperoni Article: "Keywords «morning»: our economy overcome the difficult phase " Quote: "Keywords also pointed out that the central bank has made significant progress over the past two years regarding the fight against money laundering and the financing of terrorism and the smuggling of foreign currency procedures" This article IMO is pretty important to give the CBI even more confidence when they make compliance and decide to move to Article VIII. They know that doing so will open the door to extensive transactions all over the world so have this foundation is important.
7-3-2017 Newshound Guru Breitling …You’d think that if oil prices go down, my God, that it would shoot the value of the dinar down. It’s not. It’s actually going to shoot the value up because they have to make up for what they are not making. It’s manipulated. Like I told you it’s not market driven. And there’s no way out of it. Very very good news….Now with what Donald J Trump did they are going to do it…they are forced to do it. I don’t know the exact day…but it’s better than I thought it was going to be. Its wasn’t supposed to be this way when I originally invested in the dinar…the different policy has changed everything. [Post 4 of 4]
7-3-2017 Newshound/Intel Guru Mnt Goat It is the end of June already. Where is the dinar revaluation we all hoped for by now? It is still coming soon I can assure you. So we know according to the Iraq targets, from their original plan, that their Iraqi security forces are 6 months late in liberating Mosul. Remember their goal was by the end of 2016 to fully liberate Iraq. So their targets had to shift and have kept shifting over and over again. The constant concern for the protection of civilians too has caused warranted delays. ...Iraq is moving into a new phase of their economy. One that will be sanction free, embargo free, terrorists and a democratic capitalistic society. This is the situation we need to see to see for the RV to happen. I believe we are damn close.
7-3-2017 Newshound Guru Kaperoni Parliament returns tomorrow from Ramadan break...will they begin to pass laws?
7-3-2017 Newshound Guru Aggiedad77 Article: "British Ambassador to Baghdad reveals two events to support Iraq's economic" It all points to the LL [Long Line?] and yes British companies are in that line as well...they know the impact that Iraq will have on the world and its economy once they make the quantum leap that is necessary to fuel so much and so many.
7-3-2017 Newshound Guru MilitiaMan "The culmination of the Iraqi Trade and Investment Conference in the United Kingdom" Today and tomorrow talking Internationalism in the U.K.. it sure is wonderful timing. Major international companies are involved! Can't get much clearer than the times we are in. The monetary reform soup is well cooked now.. just about time for dinner!
7-3-2017 Newshound Guest Guru Rickjames2 I found that there is a direct link between cbi.iq and cbi.3eyon-host...go to cbi.iq website and Click on Statistics [You can click "English" at the top of the page first]..then click on "for extended statistics". cbi.3eyon-host.net comes up as a URL address. They are linked it is a real site evidently...I think they have been running statistics and crunching the numbers on the cbi.3eyon site ...therefore by logic..if cbi.iq is legit... cbi.3eyon-host is legit host and the numbers 1.2USD/dinar and 1.08Eur/dinar... by extention...must therefore be legit also!
7-3-2017 Intel Guru RayRen98 We have not had any confirmation of the escrow accounts being released on 30. June. Some went to ISX, and some say they see a change to 1:1; we still need confirmation on that. There have been articles and television broadcasts about Abadi traveling to Mosul to announce the liberation; several countries have congratulated Iraq on the liberation of Mosul, although the PM still hasn’t announced it officially. Military leaders in the field have proclaimed liberation, but we are still waiting for the official announcement, and then things should start happening. We’re in a good place, which is exciting because we’re hanging on unconfirmed information. The best thing is to sit back and enjoy the ride.
7-3-2017 Newshound Guru Breitling …What’s the first thing Donald J Trump did that was the same as Ronald Reagan? He went to Saudi Arabia. He invited Saudi Arabia into American infrastructure as far as investing goes and on the other side we invested in Saudi Arabia in our arms and military equipment. Why did we do this? Cause we are going continue to drop the oil prices. The middle east understands their future. And guess what Iraq’s going to have to do? They are going to have to add value to their currency…they have no way out of it. They are going to have to add value to their currency. All the oil countries are. Every single one of them. It’s not just Iraq…the entire middle east needs to add value to their currency…Everything Trump did is written in stone. [Post 3 of 4]
7-3-2017 Intel Guru 12thMan [Long time no see!] Received a call from my groups wealth manager to be ready to go to the exchange site. He told us last year that we would not be contacted unless they had valid info. While we don't know the date or exact time, the wealth manager wouldn't have called us if they had not received some type of info from their head operations manager.
7-3-2017 Intel Guru ADMINBILL EXPECTANT OF INTERNATIONAL RATE RELEASE FOR PUBLIC EXCHANGES SOMEWHERE ON OR BEFORE THE THIRD WEEK OF JULY.
7-3-2017 Newshound Guru Kaperoni ...we have to hope they are preparing to open the banking system to the world. That is important for investors and investment... If you cannot get your profits out of Iraq, nobody is coming to invest... The rate will be as a result of investment and investors, it is not a RV. Exchange rates are not fictitious or magical... They are based on sound policies... So we all should hope that Iraq conditions to create the conditions, and prepare for opening the banking system. When that happens, I do not know..but if they do it right, we should all make money. [post 2 of 2]
7-3-2017 Newshound Guru Kaperoni The CBI will never revalue the dinar...they will allow the dinar to appreciate to counter inflationary pressure created by investment in the private sector. [I...read that no Country has ever Floated their Currency after they were devalue like Iraq was - But would Revalue to what it was before -Then Float?] ...that is nonsense, the CBI already floated the dinar of sorts, from 2003-2005 to reduce the inflation from 45% to less than 6% under Shabibi. ...the rate is 1184, they will float it directly from there. There is no RV...I believe the dinar can rise rapidly...and be at 1 to $1 within 6 months or a year. The bottom line is Iraq needs to create the right environment for investors. Then and only then will the CBI act...which will allow the dinar to rise. [See the RV meters on the left columns of this page to see the % of gurus who feel the dinar will slowly raise vs RV] [post 1 of 2....stay tuned]
7-3-2017 Newshound/Intel Guru Mnt Goat It is the end of June already. Where is the dinar revaluation we all hoped for by now? It is still coming soon I can assure you. So we know according to the Iraq targets, from their original plan, that their Iraqi security forces are 6 months late in liberating Mosul. Remember their goal was by the end of 2016 to fully liberate Iraq. So their targets had to shift and have kept shifting over and over again. The constant concern for the protection of civilians too has caused warranted delays. ...Iraq is moving into a new phase of their economy. One that will be sanction free, embargo free, terrorists and a democratic capitalistic society. This is the situation we need to see to see for the RV to happen. I believe we are damn close.
7-3-2017 Newshound Guru Kaperoni Parliament returns tomorrow from Ramadan break...will they begin to pass laws?
7-3-2017 Newshound Guru Aggiedad77 Article: "British Ambassador to Baghdad reveals two events to support Iraq's economic" It all points to the LL [Long Line?] and yes British companies are in that line as well...they know the impact that Iraq will have on the world and its economy once they make the quantum leap that is necessary to fuel so much and so many.
7-3-2017 Newshound Guru MilitiaMan "The culmination of the Iraqi Trade and Investment Conference in the United Kingdom" Today and tomorrow talking Internationalism in the U.K.. it sure is wonderful timing. Major international companies are involved! Can't get much clearer than the times we are in. The monetary reform soup is well cooked now.. just about time for dinner!
7-3-2017 Newshound Guest Guru Rickjames2 I found that there is a direct link between cbi.iq and cbi.3eyon-host...go to cbi.iq website and Click on Statistics [You can click "English" at the top of the page first]..then click on "for extended statistics". cbi.3eyon-host.net comes up as a URL address. They are linked it is a real site evidently...I think they have been running statistics and crunching the numbers on the cbi.3eyon site ...therefore by logic..if cbi.iq is legit... cbi.3eyon-host is legit host and the numbers 1.2USD/dinar and 1.08Eur/dinar... by extention...must therefore be legit also!
7-3-2017 Intel Guru RayRen98 We have not had any confirmation of the escrow accounts being released on 30. June. Some went to ISX, and some say they see a change to 1:1; we still need confirmation on that. There have been articles and television broadcasts about Abadi traveling to Mosul to announce the liberation; several countries have congratulated Iraq on the liberation of Mosul, although the PM still hasn’t announced it officially. Military leaders in the field have proclaimed liberation, but we are still waiting for the official announcement, and then things should start happening. We’re in a good place, which is exciting because we’re hanging on unconfirmed information. The best thing is to sit back and enjoy the ride.
7-3-2017 Newshound Guru Breitling …What’s the first thing Donald J Trump did that was the same as Ronald Reagan? He went to Saudi Arabia. He invited Saudi Arabia into American infrastructure as far as investing goes and on the other side we invested in Saudi Arabia in our arms and military equipment. Why did we do this? Cause we are going continue to drop the oil prices. The middle east understands their future. And guess what Iraq’s going to have to do? They are going to have to add value to their currency…they have no way out of it. They are going to have to add value to their currency. All the oil countries are. Every single one of them. It’s not just Iraq…the entire middle east needs to add value to their currency…Everything Trump did is written in stone. [Post 3 of 4]
7-3-2017 Intel Guru 12thMan [Long time no see!] Received a call from my groups wealth manager to be ready to go to the exchange site. He told us last year that we would not be contacted unless they had valid info. While we don't know the date or exact time, the wealth manager wouldn't have called us if they had not received some type of info from their head operations manager.
7-3-2017 Intel Guru ADMINBILL EXPECTANT OF INTERNATIONAL RATE RELEASE FOR PUBLIC EXCHANGES SOMEWHERE ON OR BEFORE THE THIRD WEEK OF JULY.
7-3-2017 Newshound Guru Kaperoni ...we have to hope they are preparing to open the banking system to the world. That is important for investors and investment... If you cannot get your profits out of Iraq, nobody is coming to invest... The rate will be as a result of investment and investors, it is not a RV. Exchange rates are not fictitious or magical... They are based on sound policies... So we all should hope that Iraq conditions to create the conditions, and prepare for opening the banking system. When that happens, I do not know..but if they do it right, we should all make money. [post 2 of 2]
7-3-2017 Newshound Guru Kaperoni The CBI will never revalue the dinar...they will allow the dinar to appreciate to counter inflationary pressure created by investment in the private sector. [I...read that no Country has ever Floated their Currency after they were devalue like Iraq was - But would Revalue to what it was before -Then Float?] ...that is nonsense, the CBI already floated the dinar of sorts, from 2003-2005 to reduce the inflation from 45% to less than 6% under Shabibi. ...the rate is 1184, they will float it directly from there. There is no RV...I believe the dinar can rise rapidly...and be at 1 to $1 within 6 months or a year. The bottom line is Iraq needs to create the right environment for investors. Then and only then will the CBI act...which will allow the dinar to rise. [See the RV meters on the left columns of this page to see the % of gurus who feel the dinar will slowly raise vs RV] [post 1 of 2....stay tuned]
7-2-2017 Newshound Guru Phillyman Article: "Abadi will announce the victory of the liberation of Mosul .. And a central celebration by the occasion" There have been enough time lines thrown out to make ones head spin but finally we see Mosuls liberation coming to a close. Looking forward to the grand announcement by Abadi!
7-2-2017 Intel Guru Frank26 IMO...the LD’s...the banks that need LD’s have them. Those that have them...have enough to launch the new rate of the IQD. The reason why...what they already have in the banks ...is enough because the rest will be done with eDinars. I believe that Iraq will be celebrating with FIREWORKS very soon!
7-2-2017 Newshound Guru Breitling …With Donald J Trump it doesn’t matter if you like him or hate him, the policies in the Middle East have changed. It’s a completely different ball game…What did Donald J Trump do when he got into office? Not only did he follow the same exact campaign that Ronald Reagan did but he’s also following the the same policy and what Ronald Reagan did with the USSR. How did Ronald Reagan crush the USSR? He went to Saudi Arabia and he said you need to start spooling up the production of oil. We’re going to lower the price of oil. It’s going to jump start the American economy and that’s the number one export out of Russia. That’s going to hurt the Russians…To make up for the oil prices they are going to have to add value to their currency. And it’s always been that way. The United States would do that if we were in the same situation. It’s not market driven. It’s policy driven… [Part 2 of 4]
7-2-2017 Intel/Newshound Guru tman23 My thoughts are...The lifting of the 3 zeros means...Lifting the zeros from the exchange and the notes...There will be a redenomination...IMO...our chance comes where as the 3 zero notes may hold that new value including the zeros for a very short period of time... A VERY SHORT TIME! All we know for a fact is the CBI gave the green light to begin the process to lift the 3 zeros March 2015...Shabibi said it was a 3 step process with each phase taking about 6 months...IMO they are close...and proof of that is Kurd banks have been following CBI protocol...and the Erbil bank was to go FULL CBI BANK BRANCH July 1...so we are in the time line...and if not by the 15th...then we are going to 2018...IMO! And I don't believe 2018 is favorable for what we want...or are looking for...IMO.
7-2-2017 Newshound Guru Breitling There’s lots of great news on what’s been happening. Some very very good news coming out…you’ll love it. The key is…to put everything on table so you can talk about this subject correctly. And that’s all it is. That’s my secret…People don’t get that a part of a country’s currency is part of it’s policy and strategy. And what comes after that? You have operations and tactics…none of this is a mystery. How do you define a country’s currency a scam? The idea is, is it going to gain value? Is that a scam? The Iraqi dinar is not a scam. When I got in on this investment I got a report from the IMF… Some of the information we had to pay for, some of it we found but it was undervalued. They said the real value was between 4 and 12 cents. That’s how I got into the Iraqi dinar…Before the Iraqi dinar came out…they had these conspiracy theories out on how it’s the dumbest thing in the world because they’re in the middle of a war. We know they’re in the middle of a war…that’s why we’re investing. What do you want to wait for it to be expensive and then invest? [Part 1 of 4]
7-2-2017 Newshound Guru Kaperoni [... have you read anywhere that they will begin the auctions this month?] The auctions have to continue as long as the CBI is in a closed pegged monetary policy. No choice. It is the only method to keep the Dinar stable and the CBI profitable. That will change once they change the monetary policy.
7-2-2017 Intel Guru Frank26 IMO...the LD’s...the banks that need LD’s have them. Those that have them...have enough to launch the new rate of the IQD. The reason why...what they already have in the banks ...is enough because the rest will be done with eDinars. I believe that Iraq will be celebrating with FIREWORKS very soon!
7-2-2017 Newshound Guru Breitling …With Donald J Trump it doesn’t matter if you like him or hate him, the policies in the Middle East have changed. It’s a completely different ball game…What did Donald J Trump do when he got into office? Not only did he follow the same exact campaign that Ronald Reagan did but he’s also following the the same policy and what Ronald Reagan did with the USSR. How did Ronald Reagan crush the USSR? He went to Saudi Arabia and he said you need to start spooling up the production of oil. We’re going to lower the price of oil. It’s going to jump start the American economy and that’s the number one export out of Russia. That’s going to hurt the Russians…To make up for the oil prices they are going to have to add value to their currency. And it’s always been that way. The United States would do that if we were in the same situation. It’s not market driven. It’s policy driven… [Part 2 of 4]
7-2-2017 Intel/Newshound Guru tman23 My thoughts are...The lifting of the 3 zeros means...Lifting the zeros from the exchange and the notes...There will be a redenomination...IMO...our chance comes where as the 3 zero notes may hold that new value including the zeros for a very short period of time... A VERY SHORT TIME! All we know for a fact is the CBI gave the green light to begin the process to lift the 3 zeros March 2015...Shabibi said it was a 3 step process with each phase taking about 6 months...IMO they are close...and proof of that is Kurd banks have been following CBI protocol...and the Erbil bank was to go FULL CBI BANK BRANCH July 1...so we are in the time line...and if not by the 15th...then we are going to 2018...IMO! And I don't believe 2018 is favorable for what we want...or are looking for...IMO.
7-2-2017 Newshound Guru Breitling There’s lots of great news on what’s been happening. Some very very good news coming out…you’ll love it. The key is…to put everything on table so you can talk about this subject correctly. And that’s all it is. That’s my secret…People don’t get that a part of a country’s currency is part of it’s policy and strategy. And what comes after that? You have operations and tactics…none of this is a mystery. How do you define a country’s currency a scam? The idea is, is it going to gain value? Is that a scam? The Iraqi dinar is not a scam. When I got in on this investment I got a report from the IMF… Some of the information we had to pay for, some of it we found but it was undervalued. They said the real value was between 4 and 12 cents. That’s how I got into the Iraqi dinar…Before the Iraqi dinar came out…they had these conspiracy theories out on how it’s the dumbest thing in the world because they’re in the middle of a war. We know they’re in the middle of a war…that’s why we’re investing. What do you want to wait for it to be expensive and then invest? [Part 1 of 4]
7-2-2017 Newshound Guru Kaperoni [... have you read anywhere that they will begin the auctions this month?] The auctions have to continue as long as the CBI is in a closed pegged monetary policy. No choice. It is the only method to keep the Dinar stable and the CBI profitable. That will change once they change the monetary policy.
7-1-2017 ***** Dinar Guru News Update ***** Here's the latest Mosul Map. The map is the zoomed in on the Old Mosul district...it's the LAST area of Mosul needed to be liberated. Green is liberated and Red is the final clash area. You can see the Mosul map from 6-26-2017 under the guru posts below to compare the progress made. The latest guru posts will continue below...
7-1-2017 Newshound Guru Kaperoni ...the rate is 1184...1184 is their true value...they will float it directly from there. There is no RV. ...that is the rate, when they float the dinar, the CBI will allow for the dinar to rise based on investment, economic pressure. The IMF has clearly explained the process for Iraq. Huge sums of capital (money) could come into Iraq for investment, creating a rapid rise in the Dinar exchange rate...the dinar could rise rapidly and be at 1 to $1 within 6 months or a year. Keep in mind, the CBI is out to make money...there is no money in a RV...A float allows the CBI to profit in commissions as the world buys and sells the dinar. [post 2 of 2]
7-1-2017 Newshound Guru Kaperoni The IMF has guidelines that all members must meet...The main restriction in the IMF guidelines requires at least a 1-year notification of a currency change. I do believe that Iraq is at a crossroads of sort though, they need money bad. And even though there are those trying to stop progress, I do believe they will succeed in creating an environment that will attract foreign investors and investment. We see Iraq getting to a point where ISIS is almost gone, and the country needs money to rebuild, create jobs etc. And we have a parliament that has not passed enough laws for foreign investors to engage...And a CBI that is trying to create a stable banking system. It seems to me, that at some point, something has to give. [post 1 of 2....stay tuned]
7-1-2017 Intel Guru Frank26 [Guru] Delta sent me some info about an article a few weeks ago – this article dates back to 2013. What [Guru] Delta and I thought was interesting was that the article basically says that the IMF told them NO not in June 2012 – but wait until July 2013 to lift the 3 zeros. On the internet, somebody posted an article from 2015...an article said that they would wait until 2017. The article from 2015 talks about EARLY 2017...but the article we had on Monday night – that was a completely separate article -- that article has disappeared...and we verified it...it was for REAL! We traced the article further. It came from a source known as Alpha Press (we had never heard of them before) – this is NOT a rehash article! Our Teams and the Internet saw the article...but it has since disappeared completely. Alaq was interview (with pictures)...basically Alak said he would implement the deletion of the zeros in July 2017. They are planning to RV their currency...and July seems to be a key month.
7-1-2017 Intel Guru RayRen98 Various governments are stating that Iraq is liberated from ISIS in Mosul. (Hmmmmm, why is Abadi NOT stating that in his speeches...YET?) A looped message of the CBI governor, Alaq, claiming to “delete the 3 zeros in July of 2017” is being played on Iaqi TV. (Well, it is now July!) Contrary to 1.20, sources say the in-country rate is .94 still. (Time Will Tell All – True or False)
7-1-2017 Newshound Guru MilitiaMan There is the completed 2016-2020 plan and the new one coming on line called the 2018 - 2022 plan of management of the Iraqi market economy! That is because they completed the first one. There is a laundry list of checked items in that IMF document. All done now. The new CBI Web Site appears to be the venue we will witness a rate change in short order. Let's not forget the abundance of countries congratulating Iraq on recent liberalization of Mosul and Daesh from the country while being international as Iraq can be just before a rate change to be shown to the world. All that should give most everyone peace of mind and support that we are in this to win! [post 2 of 2]
7-1-2017 Newshound Guru MilitiaMan ...there is enough data out that should give everyone a very profound feeling of closure is at our foot steps now. We can look at the data we know of and openly see massive progress. The ME tour to (imo) seal the most important deals to get National Reconciliation for the region... photographs with Abadi and Trump many months ago, Al Sistani and Abadi a mere month or two now ago, then the King of Saudi Arabia and Abadi, Tehran and finally the Emir of Kuwait all having one thing in common. Huge ear to ear smiles, prayers and hand shakes! Then we see that the UNSC openly tells us they are releasing Iraq effectively from Chapter VIi on or before the 30th of June. Done...all of that is done. [post 1 of 2....stay tuned]
7-1-2017 Newshound Guru Aggiedad77 ...it is my strong opinion that Iraq will not LOP...their inflation is no where near what it would be for them to consider such a move... They have no value in taking such an action...they are looking to be a power and strength for the world once they revalue their currency...not to weaken themselves...This is a time frame to be extremely happy and excited to see so many things unfolding over the past month...the past couple of weeks...this week...and going forward...excitement is in the air...the excitement is all around...all IMO...The BEST is coming...wait for it...the lava flow cannot be stopped...has never been stopped.
7-1-2017 Newshound Guru Kaperoni The IMF has guidelines that all members must meet...The main restriction in the IMF guidelines requires at least a 1-year notification of a currency change. I do believe that Iraq is at a crossroads of sort though, they need money bad. And even though there are those trying to stop progress, I do believe they will succeed in creating an environment that will attract foreign investors and investment. We see Iraq getting to a point where ISIS is almost gone, and the country needs money to rebuild, create jobs etc. And we have a parliament that has not passed enough laws for foreign investors to engage...And a CBI that is trying to create a stable banking system. It seems to me, that at some point, something has to give. [post 1 of 2....stay tuned]
7-1-2017 Intel Guru Frank26 [Guru] Delta sent me some info about an article a few weeks ago – this article dates back to 2013. What [Guru] Delta and I thought was interesting was that the article basically says that the IMF told them NO not in June 2012 – but wait until July 2013 to lift the 3 zeros. On the internet, somebody posted an article from 2015...an article said that they would wait until 2017. The article from 2015 talks about EARLY 2017...but the article we had on Monday night – that was a completely separate article -- that article has disappeared...and we verified it...it was for REAL! We traced the article further. It came from a source known as Alpha Press (we had never heard of them before) – this is NOT a rehash article! Our Teams and the Internet saw the article...but it has since disappeared completely. Alaq was interview (with pictures)...basically Alak said he would implement the deletion of the zeros in July 2017. They are planning to RV their currency...and July seems to be a key month.
7-1-2017 Intel Guru RayRen98 Various governments are stating that Iraq is liberated from ISIS in Mosul. (Hmmmmm, why is Abadi NOT stating that in his speeches...YET?) A looped message of the CBI governor, Alaq, claiming to “delete the 3 zeros in July of 2017” is being played on Iaqi TV. (Well, it is now July!) Contrary to 1.20, sources say the in-country rate is .94 still. (Time Will Tell All – True or False)
7-1-2017 Newshound Guru MilitiaMan There is the completed 2016-2020 plan and the new one coming on line called the 2018 - 2022 plan of management of the Iraqi market economy! That is because they completed the first one. There is a laundry list of checked items in that IMF document. All done now. The new CBI Web Site appears to be the venue we will witness a rate change in short order. Let's not forget the abundance of countries congratulating Iraq on recent liberalization of Mosul and Daesh from the country while being international as Iraq can be just before a rate change to be shown to the world. All that should give most everyone peace of mind and support that we are in this to win! [post 2 of 2]
7-1-2017 Newshound Guru MilitiaMan ...there is enough data out that should give everyone a very profound feeling of closure is at our foot steps now. We can look at the data we know of and openly see massive progress. The ME tour to (imo) seal the most important deals to get National Reconciliation for the region... photographs with Abadi and Trump many months ago, Al Sistani and Abadi a mere month or two now ago, then the King of Saudi Arabia and Abadi, Tehran and finally the Emir of Kuwait all having one thing in common. Huge ear to ear smiles, prayers and hand shakes! Then we see that the UNSC openly tells us they are releasing Iraq effectively from Chapter VIi on or before the 30th of June. Done...all of that is done. [post 1 of 2....stay tuned]
7-1-2017 Newshound Guru Aggiedad77 ...it is my strong opinion that Iraq will not LOP...their inflation is no where near what it would be for them to consider such a move... They have no value in taking such an action...they are looking to be a power and strength for the world once they revalue their currency...not to weaken themselves...This is a time frame to be extremely happy and excited to see so many things unfolding over the past month...the past couple of weeks...this week...and going forward...excitement is in the air...the excitement is all around...all IMO...The BEST is coming...wait for it...the lava flow cannot be stopped...has never been stopped.
6-29-2017 ***** Dinar Guru News Update ***** Multiple guru reporting Mosul nearly officially liberated! This is confirmed by the latest Mosul Map below. The map is the zoomed in on the Old Mosul district...it's the LAST area of Mosul needed to be liberated. Green is liberated and Red is the final clash area. Stay tuned as the gurus discuss what the impact of this very historc liberation will be on Iraq and the dinar. The latest guru posts will continue below...
6-30-2017 Intel Guru Dr. Clarke We believe, that there will be some kind of significant announcement and/or action, regarding Currency, Finances, Money, happening this SUNDAY, July 2nd. We're NOT calling an RV on this date...but something important, will come to light. (It would really be nice if they suddenly, officially raised the Rate in Iraq, to way over $1.20........but we don't think they'll do it, just YET).....in our strong, but sometimes wrong, Opinion. We have REASON to Believe, that the dust needs to settle, attention needs to shift, celebrations need to subside some, and international connections need to solidify BEHIND THE PUBLIC SCENES, before any official, MASSIVE Money is moved into USE. (note the word USE) ...and we think the 2nd half of JULY, particularly the last week of JULY, will be MASSIVE!
6-30-2017 Intel Guru Frank26 Alak also did something very, very interesting. Alak is talking with the citizens (not what you see in the MSM media). ...Alak said that the monetary reform would during the time he said there would be a delay in lifting the 3 zeros. This is a process/progress. Alaq was interviewed on the 26th...he said they are lifting the 3 zeros in July of 2017. There are 2 days left in June to lift the final zero. The reason why they did this over a 90 day period (3 tranches / 30 days)...if they had lifted all 3 zeros at the same time...the shock that would have occurred in the global markets – they would have gone crazy. This was what was learned in Kuwait in 1999...and was NOT to occur again in 2017. That is why they did it over 90 days...and we found the pattern that showed they did it on the 12th of about every month. So the article says that Alak plans to lift the value in July of 2017. This 90 day plan did NOT shock the markets or the CBI’s mathematics. This is not Kuwait all over again. This is a new and improved model. The gradual lifting of the zeros...this was requested by the IMF to prevent market shock.
6-30-2017 Newshound Guru Adam Montana [Could Iraq state that only currency handed in to Iraq with-in its borders be given the preferential rate to start with? Please don't think this is somehow an in country RV question I am asking as we know that rumor is totally bunk. Just thinking they may want to control the influx of currency to begin with is what I am getting at in a nutshell I guess.] I think that what you are describing is still an in-country RV, with a twist that the in-country part is temporary. If that's what you are asking, then yes - it is possible. I don't think it's likely, but it is possible.
6-30-2017 Newshound Guru mike "CBI website has been updated" ... I didn't think there was much to the missing information on the old spread sheet. I think it's cool that the CBI updated their website, but in my opinion, that's all this means, an updated website. Companies and governments do it all the time, it doesn't indicate much of anything except a more contemporary web site.
6-30-2017 Intel Guru Bruce I am very positive right now where we are. I have heard some really good things the last couple of days... I want to say that finally we do believe Iraq has completed everything they needed to do. They did complete a series of announcements yesterday. We heard about that first hand...and we know they were the announcements we were looking to have happen. The flag raising in Mosul, the fireworks celebrations ended last night in Iraq. They completed EID after the holiday of Ramadan. They have taken their country back. They are sovereign, and they do have a reinstated rate...their currency...is actually going up and is being traded up in value over the last several days. One thing that was said today was only 3 words “It is finished”. That is what came from Iraq and I believe that is absolutely the case. ...things are looking very good for us here in the next few days because even though I have a thought when this would go, I wouldn’t be responsible to put out a time frame... I don’t want to start now to trying to call it. I just know we are at the end of this ride. I am excited about where we are.
6-30-2017 Newshound Guru Peggy68 (WOO HOO OUT OF 7 INTO 8 ) And you thought you Iraq would wait until June 30th, 2017 Article: Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016) The Security Council today authorized the Secretary-General to continue to maintain the escrow account authorized by resolution 1958 (2010), and to retain the funds contained therein until 30 June 2017, at which time all remaining funds would be transferred to the Government of Iraq.
6-30-2017 Intel Guru Frank26 Our time frame ...the TIME-FRAME we are in started Monday and ends Friday? (26th – 30th of June). What is inside of those 5 days? The UN (during this time frame) – we said there would be a COLLISION of many events...picture a meteor shower of events … all coming together to benefit Iraq. One of those is the monetary reform. The UNSC told Iraq that on the 30th (the last day of our time frame) that they would give them their escrow – which is a large amount of money. When you think about it ...Chapter VII plays a large part of this...We all know that there is a remnant of Chapter VII still left on them... Part of that is the situation between Kuwait and Iraq... Do you think that CHAPTER VII equals the ESCROW that will be given on the 30th? ...actually it’s the lifting of the value of their currency that will bring the lifting of Chapter VII. To lift Chapter VII, they have to lift the value of their currency. But the escrow, that’s a completely different animal...The escrow was agreed to a long time ago – and has nothing to do with the monetary reform. It is a part of the meteor shower that is coming to a collision during this time frame.
6-30-2017 Intel Guru Frank26 Alak also did something very, very interesting. Alak is talking with the citizens (not what you see in the MSM media). ...Alak said that the monetary reform would during the time he said there would be a delay in lifting the 3 zeros. This is a process/progress. Alaq was interviewed on the 26th...he said they are lifting the 3 zeros in July of 2017. There are 2 days left in June to lift the final zero. The reason why they did this over a 90 day period (3 tranches / 30 days)...if they had lifted all 3 zeros at the same time...the shock that would have occurred in the global markets – they would have gone crazy. This was what was learned in Kuwait in 1999...and was NOT to occur again in 2017. That is why they did it over 90 days...and we found the pattern that showed they did it on the 12th of about every month. So the article says that Alak plans to lift the value in July of 2017. This 90 day plan did NOT shock the markets or the CBI’s mathematics. This is not Kuwait all over again. This is a new and improved model. The gradual lifting of the zeros...this was requested by the IMF to prevent market shock.
6-30-2017 Newshound Guru Adam Montana [Could Iraq state that only currency handed in to Iraq with-in its borders be given the preferential rate to start with? Please don't think this is somehow an in country RV question I am asking as we know that rumor is totally bunk. Just thinking they may want to control the influx of currency to begin with is what I am getting at in a nutshell I guess.] I think that what you are describing is still an in-country RV, with a twist that the in-country part is temporary. If that's what you are asking, then yes - it is possible. I don't think it's likely, but it is possible.
6-30-2017 Newshound Guru mike "CBI website has been updated" ... I didn't think there was much to the missing information on the old spread sheet. I think it's cool that the CBI updated their website, but in my opinion, that's all this means, an updated website. Companies and governments do it all the time, it doesn't indicate much of anything except a more contemporary web site.
6-30-2017 Intel Guru Bruce I am very positive right now where we are. I have heard some really good things the last couple of days... I want to say that finally we do believe Iraq has completed everything they needed to do. They did complete a series of announcements yesterday. We heard about that first hand...and we know they were the announcements we were looking to have happen. The flag raising in Mosul, the fireworks celebrations ended last night in Iraq. They completed EID after the holiday of Ramadan. They have taken their country back. They are sovereign, and they do have a reinstated rate...their currency...is actually going up and is being traded up in value over the last several days. One thing that was said today was only 3 words “It is finished”. That is what came from Iraq and I believe that is absolutely the case. ...things are looking very good for us here in the next few days because even though I have a thought when this would go, I wouldn’t be responsible to put out a time frame... I don’t want to start now to trying to call it. I just know we are at the end of this ride. I am excited about where we are.
6-30-2017 Newshound Guru Peggy68 (WOO HOO OUT OF 7 INTO 8 ) And you thought you Iraq would wait until June 30th, 2017 Article: Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016) The Security Council today authorized the Secretary-General to continue to maintain the escrow account authorized by resolution 1958 (2010), and to retain the funds contained therein until 30 June 2017, at which time all remaining funds would be transferred to the Government of Iraq.
6-30-2017 Intel Guru Frank26 Our time frame ...the TIME-FRAME we are in started Monday and ends Friday? (26th – 30th of June). What is inside of those 5 days? The UN (during this time frame) – we said there would be a COLLISION of many events...picture a meteor shower of events … all coming together to benefit Iraq. One of those is the monetary reform. The UNSC told Iraq that on the 30th (the last day of our time frame) that they would give them their escrow – which is a large amount of money. When you think about it ...Chapter VII plays a large part of this...We all know that there is a remnant of Chapter VII still left on them... Part of that is the situation between Kuwait and Iraq... Do you think that CHAPTER VII equals the ESCROW that will be given on the 30th? ...actually it’s the lifting of the value of their currency that will bring the lifting of Chapter VII. To lift Chapter VII, they have to lift the value of their currency. But the escrow, that’s a completely different animal...The escrow was agreed to a long time ago – and has nothing to do with the monetary reform. It is a part of the meteor shower that is coming to a collision during this time frame.
6-29-2017 Newshound Guru Phillyman Abadi has certainly declared victory but I get the impression that what we are looking for will take place in Mosul in a very open and public setting. Tomorrow is their day of worship and I read that Sadr's protestors are standing down and not protesting. I'm sure we would all love to see a major public declaration covered widely by news media tomorrow. Whatever the case I'm sure today will be looked back on as a historical turn in the future of Iraq, certainly another day to be added to their list of holidays that are celebrated.
6-29-2017 Newshound Guru Kaperoni ...guru BBG has stated the market rate is 1200 and in compliance with the IMF 2% requirement for transition to Article VIII. That is false. The CBI has asked state banks and some private banks to sell dinar at 1200 in an attempt to reduce the spread. Technically, this idea should help reduce the market rate within compliance, but currently the market rate is still out of compliance at or about 1247 or so. I believe 1247 is around 9-12% which is still not in compliance with the guidelines of Article VIII.
6-29-2017 Newshound/Intel Guru Adam Montana [...I know that an RV, from all signs, is fairly imminent...Do you have a set of criteria or parameters that would convince you that the RV was legit and actually happening that you could share with us?] Legitimate confirmation from my sources, which include people of the highest level. Will I share them? Nope.
6-29-2017 Newshound Guru Aggiedad77 Article: "Iraq's Abadi says committed to pay Kuwait compensations" Quote: "Iraqi Prime Minister, Haider Abadi confirmed Wednesday his country's commitment to pay the rest of Kuwait compensation estimated at $ 4.6 billion." I hope what Abadi is saying is that Iraq is at the end of the story book here with Kuwait and will be completing the final chapter in the next few hours (24-48)...time will tell...I have confidence that good is coming from his meeting there last week...IMO.
6-29-2017 Newshound Guru MilitiaMan Article quote: "Requests the Secretary-General to report on implementation of this resolution no later than 30 March 2017 and with a final report three months after the transfer of any remaining funds pursuant to paragraph 2 to the Government of Iraq, unless otherwise authorized by the Security Council;" This is saying it loud and clear in my view...Once the steps are fully implemented Chapter VII is over... Gone bye bye... That is end game and we are oh so happy!
6-29-2017 Intel/Newshound Guru tman23 Iraqi Official Channel Announces End of IS in Mosul...the Iraqi official TV channel, al-Iraqiyah, announced the end of the organization in the city...TODAY JUNE 29th... AND WHAT A COINCIDENCE IN THE TIMING TO ANNOUNCE THE END OF ISIS IN MOSUL...ALTHOUGH WE EXPECTED THIS COINCIDENCE... THE COINCIDENCE IS JUST BEFORE THE START OF THE SECOND SEMESTER OF THE FISCAL YEAR FOR IRAQ , JULY 1st...Now we shall see if 3 zeros are lifted to start the 2nd semester calendar OR we are held in suspense waiting on 2018...
6-29-2017 Intel Guru RayRen98 It is being reported from Iraqi citizens abroad that the Abadi speech referenced the following: 1. The ending dash reign in Mosul. 2. Stating that the country is free and moving forward to a stable and secure life for all citizens. 3. Declares the end of ISIS rule in Mosul.
6-29-2017 Newshound Guru BGG ...I half way didn’t expect them to do this..but folks this is real. They are going to turn over the last bit of whatever is remaining in those funds…the food for oil program to Iraq and they are recognizing them as a country. They are not talking about letting them out of Chapter VII and it’s not even under chapter VII. This is Chapter VII charter. It’s a protection program. Looks like to me they had the meeting in 3 minutes and they put their rubber stamp on it and it’s over. It’s not the end of the security file…it’s the end of that particular program. There’s one more log on the fire. [post 2 of 2]
6-29-2017 Newshound Guru BGG …This notice was from a June 26th [United Nations] meeting and only lasted 3 minutes and they adopted the resolution…the gist of it was they were gonna retain the funds contained therein until June 30th. At which time all remaining funds will be transferred to the government of Iraq. This unanimously adopted resolution under chapter VII of the United Nations Charter was adopted fully completely and without reservation…they had extended this deadline. This was supposed to have happened a while back. Something that was supposed to have happened didn’t happen and they pushed it back a little bit. They said (and I paraphrase) you should not take this as a bad thing this is a good thing…that we [the UN] supports Iraq in internationalization in every which way or form… [Part 1 of 2]
6-29-2017 Newshound Guru Adam Montana [Ok so what's the deal with this new CBI site? ...is [it] a real test site for the new cbi.iq webpage and if it is what do you think about the 1.2 exchange rate for IQD/USD listed on the screen? Is it someone having a laugh at our expense or is it foretelling of things to come?] Short answer: It's possible that it's a real test site, but I doubt it. If it's still there in a couple days, then it's just someone screwing around. If it's gone... then we may have had a glimpse of something we weren't supposed to. We will see.
6-29-2017 Newshound Guru chattels [.... what is you take on where we are?] Still waiting for political stability and security to facilitate financial progress and reform, IMO.
6-29-2017 Newshound Guru Kaperoni ...guru BBG has stated the market rate is 1200 and in compliance with the IMF 2% requirement for transition to Article VIII. That is false. The CBI has asked state banks and some private banks to sell dinar at 1200 in an attempt to reduce the spread. Technically, this idea should help reduce the market rate within compliance, but currently the market rate is still out of compliance at or about 1247 or so. I believe 1247 is around 9-12% which is still not in compliance with the guidelines of Article VIII.
6-29-2017 Newshound/Intel Guru Adam Montana [...I know that an RV, from all signs, is fairly imminent...Do you have a set of criteria or parameters that would convince you that the RV was legit and actually happening that you could share with us?] Legitimate confirmation from my sources, which include people of the highest level. Will I share them? Nope.
6-29-2017 Newshound Guru Aggiedad77 Article: "Iraq's Abadi says committed to pay Kuwait compensations" Quote: "Iraqi Prime Minister, Haider Abadi confirmed Wednesday his country's commitment to pay the rest of Kuwait compensation estimated at $ 4.6 billion." I hope what Abadi is saying is that Iraq is at the end of the story book here with Kuwait and will be completing the final chapter in the next few hours (24-48)...time will tell...I have confidence that good is coming from his meeting there last week...IMO.
6-29-2017 Newshound Guru MilitiaMan Article quote: "Requests the Secretary-General to report on implementation of this resolution no later than 30 March 2017 and with a final report three months after the transfer of any remaining funds pursuant to paragraph 2 to the Government of Iraq, unless otherwise authorized by the Security Council;" This is saying it loud and clear in my view...Once the steps are fully implemented Chapter VII is over... Gone bye bye... That is end game and we are oh so happy!
6-29-2017 Intel/Newshound Guru tman23 Iraqi Official Channel Announces End of IS in Mosul...the Iraqi official TV channel, al-Iraqiyah, announced the end of the organization in the city...TODAY JUNE 29th... AND WHAT A COINCIDENCE IN THE TIMING TO ANNOUNCE THE END OF ISIS IN MOSUL...ALTHOUGH WE EXPECTED THIS COINCIDENCE... THE COINCIDENCE IS JUST BEFORE THE START OF THE SECOND SEMESTER OF THE FISCAL YEAR FOR IRAQ , JULY 1st...Now we shall see if 3 zeros are lifted to start the 2nd semester calendar OR we are held in suspense waiting on 2018...
6-29-2017 Intel Guru RayRen98 It is being reported from Iraqi citizens abroad that the Abadi speech referenced the following: 1. The ending dash reign in Mosul. 2. Stating that the country is free and moving forward to a stable and secure life for all citizens. 3. Declares the end of ISIS rule in Mosul.
6-29-2017 Newshound Guru BGG ...I half way didn’t expect them to do this..but folks this is real. They are going to turn over the last bit of whatever is remaining in those funds…the food for oil program to Iraq and they are recognizing them as a country. They are not talking about letting them out of Chapter VII and it’s not even under chapter VII. This is Chapter VII charter. It’s a protection program. Looks like to me they had the meeting in 3 minutes and they put their rubber stamp on it and it’s over. It’s not the end of the security file…it’s the end of that particular program. There’s one more log on the fire. [post 2 of 2]
6-29-2017 Newshound Guru BGG …This notice was from a June 26th [United Nations] meeting and only lasted 3 minutes and they adopted the resolution…the gist of it was they were gonna retain the funds contained therein until June 30th. At which time all remaining funds will be transferred to the government of Iraq. This unanimously adopted resolution under chapter VII of the United Nations Charter was adopted fully completely and without reservation…they had extended this deadline. This was supposed to have happened a while back. Something that was supposed to have happened didn’t happen and they pushed it back a little bit. They said (and I paraphrase) you should not take this as a bad thing this is a good thing…that we [the UN] supports Iraq in internationalization in every which way or form… [Part 1 of 2]
6-29-2017 Newshound Guru Adam Montana [Ok so what's the deal with this new CBI site? ...is [it] a real test site for the new cbi.iq webpage and if it is what do you think about the 1.2 exchange rate for IQD/USD listed on the screen? Is it someone having a laugh at our expense or is it foretelling of things to come?] Short answer: It's possible that it's a real test site, but I doubt it. If it's still there in a couple days, then it's just someone screwing around. If it's gone... then we may have had a glimpse of something we weren't supposed to. We will see.
6-29-2017 Newshound Guru chattels [.... what is you take on where we are?] Still waiting for political stability and security to facilitate financial progress and reform, IMO.
6-28-2017 ***** Dinar Guru News Update ***** Below is the latest Mosul Map. This is the zoomed in on the Old Mosul district...it's the LAST area of Mosul needed to be liberated. Stay tuned as the gurus discuss what impact this very historc liberation will have on Iraq and the dinar. The latest guru posts will continue below...
6-28-2017 Newshound Guru Mnt Goat In my 6/26 newsletter I presented a very resent article about the project to delete the zeros. Folks they are telling us they are going ahead with it again. So the next step we all should be waiting on (if we want another timeframe) is to look for articles on the educational process to the citizens. I am quite sure (1,000 time sure) they would NOT just pop out a new rate or change their denominations without first informing the general public. Would you if you were head of the CBI? So here is when we piggyback of this news and can get ready for a new timeframe and get the champagne in the frig…lol…lol…. Do you see my logic? Get ready its coming!!!!
6-28-2017 Newshound Guru wmawhite Mr. Flannery with Citibank in Iraq spoke about them a year ago…the removal of obstacle of the free movement of the Iraqi dinar around the globe…how else is the Iraqi currency going to move freely around the globe? A guy that knows this…he said it. His employer…Citibank one of the largest financial institutions on the globe is working in conjunction with the Trade Bank of Iraq for the removal of the obstacles to the free movement of the Iraqi currency around the globe. I’ve said this so many many times I have it memorized. [The Iraqi dinar is not going to move freely around the globe at 1184.] No. Here’s why. If you were the owner of that currency as the Central Bank of Iraq is… would you want to give away 1,200 of your currency for every equivalent of 1 dollar…of course you wouldn’t want to cause you’re giving away 1,200 too much that you believe you can support the value at something much more valuable…the less and less and less that you have to use of your money to transact something means that yours is that much more valuable. 1200 to 1 is not very valuable. 1000 to 1 is more valuable. 500 to 1 is more valuable. 1 to 1 is 1200 times more valuable. This smells of exactly what we want. This is the final pieces being put in place.
6-28-2017 Intel Guru Delta URGENT FROM IRAQI TV: COMPLETE COLLAPSE OF ISIS INSIDE MOSUL OLD CITY.
6-28-2017 Newshound Guru MaDScout ...disregard that 1.2 thing. that [the other CBI site] is not even attached to the CBI. It doesn’t take anything to duplicate a website. I know this other site is only confusion to people. The actual [CBI] website is a lot of good news.
6-28-2017 Newshound Guru BGG Huge news in the dinar world…beyond huge news…the CBI changed their website. In fact all of it’s changed. Every scrap. Every piece about it has changed. They changed where it’s hosted…who runs it. How they run it. It’s all different…a couple key things here that people are missing is…there are a couple different charts on there…you’ve got an official rate of 1184. You have the market rate of 1200 or street rate, whatever you want to call it. And there was talk for a long time that those two numbers had to get a lot closer together. Well listen, right now that number is only 16 dinars apart and that is well within the magic number folks. So if that’s what that means and it’s a little bit too early to tell then that probably means way more than all this hokus pokus junk that’s being passed around. That is a crucial piece of information. A long time ago we thought the magic number was about 20 dinars…it’s currently at 16 dinar spread. And that’s coming from the official CBI website by the way…
6-28-2017 Newshound Guru Adam Montana Ramadan is over, and so is Eid-al-Fitr. If you've been keeping up with the news...you'll agree that ISIS is just about over, too. Some are saying they have been crippled to the point that ISIS is barely recognizable as a "force" or "organization" any more. Either way, I think we're at a point where we don't even have to take "ISIS" into serious consideration when speculating on a potential increase in IQD value. We have some big items on the table right now - a vote at the UN, an IMF matter, some Iraqi Parliament meetings that are significant... I think I'd just be clouding the waters if I tried to explain ALL that is on my radar right now, so I'll suffice it to say this: We are at a potential crossroads right now, and it's looking GOOD.
6-28-2017 Intel Guru Bruce We have a lot happening from an international perspective. We are close. I think we should be there in a matter of hours, a day or so. Iraq had until the end of June to do what they had to do to put that into effect, and I believe they made that timeline. I am excited and I think you should be excited too. I can’t tell you the date or hour but I can tell you we are definitely in the season. [post 3 of 3]
6-28-2017 Intel Guru Bruce They are in the mode of the new Iraq. We know for example that the Iraq dinar’s change in value has been increasing. There was a value of $1.20 to the USD...I think we are still waiting for the value to be 4 to 5 times higher. We heard the CBI has shown this, but I am telling you on the Forex at 1:30am EDT this morning we had evidenced of the $1.20 rate on the Forex. I can’t tell anyone when we are going to see the higher rate. I can just tell you that Iraq done with what they said they would do. They should be completely out of Chapter 7 into Chapter 8 with the UN. Things are really moving in Iraq. Iraq is shipping oil. They have the ability to do business. The dinar is internationally known now. All of this is very positive for them and as well as for us. [post 2 of 3....stay tuned]
6-28-2017 Intel Guru Bruce Iraq has been celebrating like it is going out of style. These celebrations are for a reason. There were announcements at 4:30am EDT this morning from Iraq. We had a couple of announcements and we had a brand new Iraqi flag installed. They are calling it the new Iraq. This is something that is taking Iraq into their new position of sovereignty and making it known. Then eight hours later at 12:30pm EDT today [Tuesday] more announcements were to be made. The announcements of their sovereignty, the take back of Mosul, etc were supposed to take place today. I didn’t get confirmations that they all were taken place. [post 1 of 3....stay tuned]
6-28-2017 Newshound Guru wmawhite Mr. Flannery with Citibank in Iraq spoke about them a year ago…the removal of obstacle of the free movement of the Iraqi dinar around the globe…how else is the Iraqi currency going to move freely around the globe? A guy that knows this…he said it. His employer…Citibank one of the largest financial institutions on the globe is working in conjunction with the Trade Bank of Iraq for the removal of the obstacles to the free movement of the Iraqi currency around the globe. I’ve said this so many many times I have it memorized. [The Iraqi dinar is not going to move freely around the globe at 1184.] No. Here’s why. If you were the owner of that currency as the Central Bank of Iraq is… would you want to give away 1,200 of your currency for every equivalent of 1 dollar…of course you wouldn’t want to cause you’re giving away 1,200 too much that you believe you can support the value at something much more valuable…the less and less and less that you have to use of your money to transact something means that yours is that much more valuable. 1200 to 1 is not very valuable. 1000 to 1 is more valuable. 500 to 1 is more valuable. 1 to 1 is 1200 times more valuable. This smells of exactly what we want. This is the final pieces being put in place.
6-28-2017 Intel Guru Delta URGENT FROM IRAQI TV: COMPLETE COLLAPSE OF ISIS INSIDE MOSUL OLD CITY.
6-28-2017 Newshound Guru MaDScout ...disregard that 1.2 thing. that [the other CBI site] is not even attached to the CBI. It doesn’t take anything to duplicate a website. I know this other site is only confusion to people. The actual [CBI] website is a lot of good news.
6-28-2017 Newshound Guru BGG Huge news in the dinar world…beyond huge news…the CBI changed their website. In fact all of it’s changed. Every scrap. Every piece about it has changed. They changed where it’s hosted…who runs it. How they run it. It’s all different…a couple key things here that people are missing is…there are a couple different charts on there…you’ve got an official rate of 1184. You have the market rate of 1200 or street rate, whatever you want to call it. And there was talk for a long time that those two numbers had to get a lot closer together. Well listen, right now that number is only 16 dinars apart and that is well within the magic number folks. So if that’s what that means and it’s a little bit too early to tell then that probably means way more than all this hokus pokus junk that’s being passed around. That is a crucial piece of information. A long time ago we thought the magic number was about 20 dinars…it’s currently at 16 dinar spread. And that’s coming from the official CBI website by the way…
6-28-2017 Newshound Guru Adam Montana Ramadan is over, and so is Eid-al-Fitr. If you've been keeping up with the news...you'll agree that ISIS is just about over, too. Some are saying they have been crippled to the point that ISIS is barely recognizable as a "force" or "organization" any more. Either way, I think we're at a point where we don't even have to take "ISIS" into serious consideration when speculating on a potential increase in IQD value. We have some big items on the table right now - a vote at the UN, an IMF matter, some Iraqi Parliament meetings that are significant... I think I'd just be clouding the waters if I tried to explain ALL that is on my radar right now, so I'll suffice it to say this: We are at a potential crossroads right now, and it's looking GOOD.
6-28-2017 Intel Guru Bruce We have a lot happening from an international perspective. We are close. I think we should be there in a matter of hours, a day or so. Iraq had until the end of June to do what they had to do to put that into effect, and I believe they made that timeline. I am excited and I think you should be excited too. I can’t tell you the date or hour but I can tell you we are definitely in the season. [post 3 of 3]
6-28-2017 Intel Guru Bruce They are in the mode of the new Iraq. We know for example that the Iraq dinar’s change in value has been increasing. There was a value of $1.20 to the USD...I think we are still waiting for the value to be 4 to 5 times higher. We heard the CBI has shown this, but I am telling you on the Forex at 1:30am EDT this morning we had evidenced of the $1.20 rate on the Forex. I can’t tell anyone when we are going to see the higher rate. I can just tell you that Iraq done with what they said they would do. They should be completely out of Chapter 7 into Chapter 8 with the UN. Things are really moving in Iraq. Iraq is shipping oil. They have the ability to do business. The dinar is internationally known now. All of this is very positive for them and as well as for us. [post 2 of 3....stay tuned]
6-28-2017 Intel Guru Bruce Iraq has been celebrating like it is going out of style. These celebrations are for a reason. There were announcements at 4:30am EDT this morning from Iraq. We had a couple of announcements and we had a brand new Iraqi flag installed. They are calling it the new Iraq. This is something that is taking Iraq into their new position of sovereignty and making it known. Then eight hours later at 12:30pm EDT today [Tuesday] more announcements were to be made. The announcements of their sovereignty, the take back of Mosul, etc were supposed to take place today. I didn’t get confirmations that they all were taken place. [post 1 of 3....stay tuned]
6-27-2017 Intel/Newshound Guru Mnt Goat …There is no such thing as a “New Republic”…There is no such thing as a “GCR”…Nothing for us really matters for this RV saga other than what is related to the RV inside of Iraq (I am talking about SECURITY and STABILITY, needed laws to bring about both)…The RV cannot be processed out by anyone or any other entity other than the Central Bank of Iraq (CBI) with permission (as a courtesy) and coordination with the parliamentary finance committee (also as a courtesy). I have been told this many, many times by my CBI contact…No US president, US treasury or anyone in China (madam Woo?..lol..) or any other country has the power to trigger this RV or to hold it up!
6-27-2017 Newshound Guru Currency365 Iraq is international they just need to remove the restrictions…we can see they are doing deals internationally. Oil deal. All sorts of produce deals. the borders are open and they’re making money off the tariffs. They’re international…They just need to remove the program rate and allow free flowing capital to come in and out of the country. Right now that can’t happen. There’s no investment law that’s active. There’s no private sector that’s active. They have to get these things activated … It is what it is. We are already watching this week because if the UN release the escrow and it does hold billions upon billions of dollars in it and Iraq gives us nothing in return…Abadi doesn’t plant the flag or announces the liberation or we don’t see an RV…if we get nothing and everything is the same as it it right now and they’re still give that money…[Post 1 of 2]
6-27-2017 Intel Guru Frank26 …About a year ago, [Guru] Delta and I told you that when we would see a CHANGE in their exchange rate … we would see the CBI website change…The website needs NEW CONTENT … and this is why [Guru] Delta watches the CBI website 24/7. This “new” CBI website would NOT be hosted in Houston either. TA-DA! This website … by the way … is “international” style class … modern … updated. Before they change the rate … they had to change the website…We’re just waiting for them to lift the value of their currency – and I pray that is what they are doing. There is nothing left to do! They just need to show us the new rate so they can stop pretending that they have an international rate/status. We are still on course! CBI server … is no longer in Houston … it’s in Iraq. They are TOTALLY international. No more CBI trustees to answer too. [Post 2 of 2]
6-27-2017 Newshound Guru Currency365 Iraq is international they just need to remove the restrictions…we can see they are doing deals internationally. Oil deal. All sorts of produce deals. the borders are open and they’re making money off the tariffs. They’re international…They just need to remove the program rate and allow free flowing capital to come in and out of the country. Right now that can’t happen. There’s no investment law that’s active. There’s no private sector that’s active. They have to get these things activated … It is what it is. We are already watching this week because if the UN release the escrow and it does hold billions upon billions of dollars in it and Iraq gives us nothing in return…Abadi doesn’t plant the flag or announces the liberation or we don’t see an RV…if we get nothing and everything is the same as it it right now and they’re still give that money…[Post 1 of 2]
6-27-2017 Intel Guru Frank26 …About a year ago, [Guru] Delta and I told you that when we would see a CHANGE in their exchange rate … we would see the CBI website change…The website needs NEW CONTENT … and this is why [Guru] Delta watches the CBI website 24/7. This “new” CBI website would NOT be hosted in Houston either. TA-DA! This website … by the way … is “international” style class … modern … updated. Before they change the rate … they had to change the website…We’re just waiting for them to lift the value of their currency – and I pray that is what they are doing. There is nothing left to do! They just need to show us the new rate so they can stop pretending that they have an international rate/status. We are still on course! CBI server … is no longer in Houston … it’s in Iraq. They are TOTALLY international. No more CBI trustees to answer too. [Post 2 of 2]
6-27-2017 Newshound Guru tman23 Really quite simple.......they either do it staring the second part of the financial semester which is only a few days away........ OR.....they wait until the start of the new year 2018......They have said numerous times that the time to lift the 3 zeros is at the first of the new year and not the middle of a quarter or middle of the year.........THAT BEING SAID:.....they once did agree to begin in June.....2013..... when Turki was CBI governor taking Shabibis vacated seat.....
6-27-2017 Newshound Guru Kaperoni Its not "my" float scenario, its the truth as documented by the IMF and other experts...Those who are technical and want to learn, see this information and realize how monetary policy works... It's not some magical event... lol... And those who study, see the case studies etc and read the words direct from IMF docs know the dinar will float when the time and conditions are right...Most hold on to some magical dream they will wake up to riches overnight and therefore refuse to accept reality...Maybe by fall Iraq will pass some laws and have banking insurance in place so they can begin to activate the banking system in Iraq (which ultimately will allow for foreign investment and the float to begin)...
6-27-2017 Newshound/Intel Guru Frank26 ...This new website is the plan they agreed on…No glitches on this CBI website … did you notice that?…The 1.10 … 1.20 that we’ve found in prices … this is NOT a mistake…IMO – we are very close.… you can find this info about the announcement where Alak made the “postpone” announcement due to Mosul. He said that when Mosul was done … they would go back to the topic of lifting the 3 zeros. They did NOT postpone the monetary reform steps in the meantime. WOW!..Abadi said they would be out of Chapter VII by the end of this month…God only knows when this will happen and so Teams continue to study July 12-15th but we don’t think they will run this out until the last nanosecond… Announcing Mosul … IMO … will be like announcing the RV because they are connected. [Post 2 of 2]
6-27-2017 Newhound/intel Guru Frank26 [Guru] Delta saw the new CBI website … he saw the 1.20... Interesting that it showed up in the middle of the night when no one was paying attention. You don’t make mistakes on a official central bank website. Only the US Dollar and the Euro showed up. Alak and Abadi … have done a job well done!!! A rate change is all that is needed … CBI hired a professional company to create this 2nd website … including currency conversions … a copy/duplicate off of the existing CBI website MINUS THE NEW MATH…This is the host of the new CBI website. This is a copy for the international world…In my strong opinion … they weren’t supposed to show us this website … they were only supposed to show 1184 program rate … but IMO … we are so close … they might not care anymore… [Post 1 of 2]
6-27-2017 Newshound Guru Currency365 Iraqi Prime Minister Abadi is expected to announce victory in Mosul today. This doesn’t mean he’s going to. But they are expecting him to through his office. Through sources. Everybody on twitter talking about this. He’s expected to do it today but it doesn’t mean he’s going to. Maybe tonight he’ll do it. Or maybe he’ll wait till Wednesday. He likes to do things on Wednesdays…Tuesday nights and Wednesdays. We’ll have to see what happens. Now we just have to watch and see when he makes this announcement.
6-27-2017 Newshound Guru Currency365 …1. It’s already been done privately and so they’re giving them the money. And we’re going to have to wait to see it publicly over the next several days or weeks. or 2. The United Nations, IMF and the World Bank are in cahoots with Iraq to screw everybody over…it doesn’t make any sense to give a county that refuses, I mean refused to return to the international stage. We’ve had to push, kick, meet…how many meeting has the IMF, World Bank and United Nations had with Iraq? You never see the IMF, World Bank and United Nations have this many meetings with one country. That’s because this country refuses to return to the international stage so they have to take them step by step like babies because they are so corrupt. With that begin said you don’t give money to them until they do their deal… [Post 2 of 2]
6-27-2017 Newshound Guru Phillyman Alot of news agencies reporting on what we already heard yesterday from Lieutenant General Abdul Gani al-Assad who stated “Mosul [will fall] in very few days, God willing,”. Today marks the end of the Eid al-Fitr festival, the 3 day celebration which began Sunday marking the end of Ramadan. It would have been nice to add liberation to those celebrations and hopefully those very few days don't multiply.
6-27-2017 Newshound Guru Kaperoni Its not "my" float scenario, its the truth as documented by the IMF and other experts...Those who are technical and want to learn, see this information and realize how monetary policy works... It's not some magical event... lol... And those who study, see the case studies etc and read the words direct from IMF docs know the dinar will float when the time and conditions are right...Most hold on to some magical dream they will wake up to riches overnight and therefore refuse to accept reality...Maybe by fall Iraq will pass some laws and have banking insurance in place so they can begin to activate the banking system in Iraq (which ultimately will allow for foreign investment and the float to begin)...
6-27-2017 Newshound/Intel Guru Frank26 ...This new website is the plan they agreed on…No glitches on this CBI website … did you notice that?…The 1.10 … 1.20 that we’ve found in prices … this is NOT a mistake…IMO – we are very close.… you can find this info about the announcement where Alak made the “postpone” announcement due to Mosul. He said that when Mosul was done … they would go back to the topic of lifting the 3 zeros. They did NOT postpone the monetary reform steps in the meantime. WOW!..Abadi said they would be out of Chapter VII by the end of this month…God only knows when this will happen and so Teams continue to study July 12-15th but we don’t think they will run this out until the last nanosecond… Announcing Mosul … IMO … will be like announcing the RV because they are connected. [Post 2 of 2]
6-27-2017 Newhound/intel Guru Frank26 [Guru] Delta saw the new CBI website … he saw the 1.20... Interesting that it showed up in the middle of the night when no one was paying attention. You don’t make mistakes on a official central bank website. Only the US Dollar and the Euro showed up. Alak and Abadi … have done a job well done!!! A rate change is all that is needed … CBI hired a professional company to create this 2nd website … including currency conversions … a copy/duplicate off of the existing CBI website MINUS THE NEW MATH…This is the host of the new CBI website. This is a copy for the international world…In my strong opinion … they weren’t supposed to show us this website … they were only supposed to show 1184 program rate … but IMO … we are so close … they might not care anymore… [Post 1 of 2]
6-27-2017 Newshound Guru Currency365 Iraqi Prime Minister Abadi is expected to announce victory in Mosul today. This doesn’t mean he’s going to. But they are expecting him to through his office. Through sources. Everybody on twitter talking about this. He’s expected to do it today but it doesn’t mean he’s going to. Maybe tonight he’ll do it. Or maybe he’ll wait till Wednesday. He likes to do things on Wednesdays…Tuesday nights and Wednesdays. We’ll have to see what happens. Now we just have to watch and see when he makes this announcement.
6-27-2017 Newshound Guru Currency365 …1. It’s already been done privately and so they’re giving them the money. And we’re going to have to wait to see it publicly over the next several days or weeks. or 2. The United Nations, IMF and the World Bank are in cahoots with Iraq to screw everybody over…it doesn’t make any sense to give a county that refuses, I mean refused to return to the international stage. We’ve had to push, kick, meet…how many meeting has the IMF, World Bank and United Nations had with Iraq? You never see the IMF, World Bank and United Nations have this many meetings with one country. That’s because this country refuses to return to the international stage so they have to take them step by step like babies because they are so corrupt. With that begin said you don’t give money to them until they do their deal… [Post 2 of 2]
6-27-2017 Newshound Guru Phillyman Alot of news agencies reporting on what we already heard yesterday from Lieutenant General Abdul Gani al-Assad who stated “Mosul [will fall] in very few days, God willing,”. Today marks the end of the Eid al-Fitr festival, the 3 day celebration which began Sunday marking the end of Ramadan. It would have been nice to add liberation to those celebrations and hopefully those very few days don't multiply.
6-26-2017 Intel Guru Frank26 The UN – they might give Iraq CHAPTER VII. The UN told Iraq to pay attention to the IMF. The escrow money will gladly be released once they comply. The Iraq Stock Exchange is closed for an entire week … in the middle of the year. Strange. CBI changed their website…The CBI website has new data. No more “buy and sell” – just one rate. There is also a CURRENCY CONVERTER on the website…This is the monetary reform in action. It is still at a program rate … as they are not completely done with the website. Things are happening at a faster pace now…As of now … IMO … you are going to see a LOT of international talk…IMO … they are NOT changing the website for the program rate!!! [Post 1 of 2]
6-26-2017 Newshound Guru Mnt Goat Okay so today there was some WOW news for us to note this week… articles related to postponing the project to delete the zeros. The amazing part is that one of them is very recent. I mean VERY recent! In fact it is from today June 26th, 2016. Yes – you read me correctly. I said today!…The BIG question now is – Will they actually do it this time or postpone it again? Time will tell but I don’t think we will have to wait much longer to find out. I am very excited! How about you? Article [Deletion of zeros project will be implemented in early 2017] Note the date. This is taken from Iraqi news channels today June 26th 2017. Get what they are doing? They are moving ahead now with the project since ISIS defeat is just about completed. So now we wait for the re-education process the CBI told us would happen again. This will be our sign we are VERY close to the event.
6-26-2017 Newshound Guru Kaperoni Article: "Only 800 meters left to announce victory on ISIS in Mosul – Army" Down to 1/2 Mile now.
6-26-2017 Newshound Guru tman23 [what are your thoughts on Iraq changing currency, a redomionation so to speak?]........ The way they have described the process is "redenomination"...... They just have played a cat and mouse game in not being perfectly clear on the subject...... So we are left with exactly how will they trear the notes with 3 zeros and for how long........I believe Iraq won't do anything until 2018 - They can't even Liberate Mosul in 6 months & Then they Have a Lot of Mopping Up To Do !… To think that a 25,000 currency note that was worth $21.50 at one time will overnight turn into a worth of $25,000 usd or $75,000 usd is ludicrous.......BUT after much research and following.....there is the possibility that it could do just that.... So at the risk of losing 30-40 percent of what we invested ..... WHY NOT !!! Think of it this way......what is a safer play today....... Buy Iraq Dinar or take an annuity from Illinois State Lottery. [ so do you believe the Dinar has the potential to be on par with the USD?] absolutely.....100% !!
6-26-2017 Intel Guru RayRen98 …CBI site going through changes. Up and down, up and down reflecting different rates. One of the best things coming across that TV screen was the broadcast, “significant impact to the purchasing power for all citizens of Iraq.” I only know of two ways to have significant impact – do a major drop on all goods and services or whatever you are using to make those purchases is revalued at a higher rate. . . .There has been plenty of talk of the currency increasing. Mosul is a done deal, still have to wait for announcement. Citizens are being told on TV, “in the coming days.” It’s coming out. EID officially ends tomorrow. Some areas have extended it into Wednesday We might see some things pop between now and the 30th...those escrow accounts are to be terminated and Iraq receiving that money with the understanding they are Inter [International?] and the currency revalues.
6-26-2017 Newshound Guru Currency365 …Hopefully by Wednesday Abadi goes to Mosul and plants the flag giving the United Nations a two day head start to release those funds. Hopefully Wednesday or Thursday Abadi planting the flag in Mosul or make the announcement….should be a historic week…tomorrow will begin to heat up tremendously I believe and into Wednesday and Thursday and the escrow accounts on Friday and into the weekend it could be another historic week. [Post 2 of 2]
6-26-2017 Newshound Guru Currency365 ...Let’s see how the week plays out. We’re going to watch it all together and it should be fun. It’s either gong to be very exciting or very disappointing this week….Friday the 30th is the escrow [U.N.deadline] and I hope Abadi has planted the flag or announced to the world that Iraq is fully liberated and they’ve also removed the MCP [Multiple Currency Practices] and lifted their value. I’m hoping this is the stuff we hear this week but it doesn’t mean we’re going to hear it. And if I’m the United Nations and I don’t hear this stuff this week I write up something and extend the escrow money for another 30 days. Until they do what they’re actually supposed to do... [Post 1f 2]
6-26-2017 Intel Guru Frank26 [How excited are you today from yesterday?] MORE. [Why more sir?] BECAUSE THEY ARE RVING IMO. [When they change their rate, do you think there will be a delay with u.s. banks finding out about the rate change?] OH NO!!! THEY R READY. [IYO, Do you...believe that the new CBI website will realistically be fully ready by June 30, for the new International financial world?] WE DO NOT KNOW...JUST EXCITED THAT THEY R CHANGING IT. [IYO is the CBI web site now being hosted within Iraq?] ...YES. [so much has taken place since the 12th of June, so many articles talking about internationlism with the IQD, IYO, is the 26th-30th still promising?] ...WE STUDY 26/30 RT NOW BECAUSE IT IS LOGICAL...SUFFICE IT TO SAY...THINGS ARE UNUSUAL AND EXCITING ON THE MR [Monetary Reform].
6-26-2017 Newshound Guru Phillyman I am so encouraged by all that is taking place... Of interest today. I see that Warka paid out interest early, usually do it the last day of the month. Have no idea why that would change.
6-26-2017 Newshound Guru Mnt Goat Okay so today there was some WOW news for us to note this week… articles related to postponing the project to delete the zeros. The amazing part is that one of them is very recent. I mean VERY recent! In fact it is from today June 26th, 2016. Yes – you read me correctly. I said today!…The BIG question now is – Will they actually do it this time or postpone it again? Time will tell but I don’t think we will have to wait much longer to find out. I am very excited! How about you? Article [Deletion of zeros project will be implemented in early 2017] Note the date. This is taken from Iraqi news channels today June 26th 2017. Get what they are doing? They are moving ahead now with the project since ISIS defeat is just about completed. So now we wait for the re-education process the CBI told us would happen again. This will be our sign we are VERY close to the event.
6-26-2017 Newshound Guru Kaperoni Article: "Only 800 meters left to announce victory on ISIS in Mosul – Army" Down to 1/2 Mile now.
6-26-2017 Newshound Guru tman23 [what are your thoughts on Iraq changing currency, a redomionation so to speak?]........ The way they have described the process is "redenomination"...... They just have played a cat and mouse game in not being perfectly clear on the subject...... So we are left with exactly how will they trear the notes with 3 zeros and for how long........I believe Iraq won't do anything until 2018 - They can't even Liberate Mosul in 6 months & Then they Have a Lot of Mopping Up To Do !… To think that a 25,000 currency note that was worth $21.50 at one time will overnight turn into a worth of $25,000 usd or $75,000 usd is ludicrous.......BUT after much research and following.....there is the possibility that it could do just that.... So at the risk of losing 30-40 percent of what we invested ..... WHY NOT !!! Think of it this way......what is a safer play today....... Buy Iraq Dinar or take an annuity from Illinois State Lottery. [ so do you believe the Dinar has the potential to be on par with the USD?] absolutely.....100% !!
6-26-2017 Intel Guru RayRen98 …CBI site going through changes. Up and down, up and down reflecting different rates. One of the best things coming across that TV screen was the broadcast, “significant impact to the purchasing power for all citizens of Iraq.” I only know of two ways to have significant impact – do a major drop on all goods and services or whatever you are using to make those purchases is revalued at a higher rate. . . .There has been plenty of talk of the currency increasing. Mosul is a done deal, still have to wait for announcement. Citizens are being told on TV, “in the coming days.” It’s coming out. EID officially ends tomorrow. Some areas have extended it into Wednesday We might see some things pop between now and the 30th...those escrow accounts are to be terminated and Iraq receiving that money with the understanding they are Inter [International?] and the currency revalues.
6-26-2017 Newshound Guru Currency365 …Hopefully by Wednesday Abadi goes to Mosul and plants the flag giving the United Nations a two day head start to release those funds. Hopefully Wednesday or Thursday Abadi planting the flag in Mosul or make the announcement….should be a historic week…tomorrow will begin to heat up tremendously I believe and into Wednesday and Thursday and the escrow accounts on Friday and into the weekend it could be another historic week. [Post 2 of 2]
6-26-2017 Newshound Guru Currency365 ...Let’s see how the week plays out. We’re going to watch it all together and it should be fun. It’s either gong to be very exciting or very disappointing this week….Friday the 30th is the escrow [U.N.deadline] and I hope Abadi has planted the flag or announced to the world that Iraq is fully liberated and they’ve also removed the MCP [Multiple Currency Practices] and lifted their value. I’m hoping this is the stuff we hear this week but it doesn’t mean we’re going to hear it. And if I’m the United Nations and I don’t hear this stuff this week I write up something and extend the escrow money for another 30 days. Until they do what they’re actually supposed to do... [Post 1f 2]
6-26-2017 Intel Guru Frank26 [How excited are you today from yesterday?] MORE. [Why more sir?] BECAUSE THEY ARE RVING IMO. [When they change their rate, do you think there will be a delay with u.s. banks finding out about the rate change?] OH NO!!! THEY R READY. [IYO, Do you...believe that the new CBI website will realistically be fully ready by June 30, for the new International financial world?] WE DO NOT KNOW...JUST EXCITED THAT THEY R CHANGING IT. [IYO is the CBI web site now being hosted within Iraq?] ...YES. [so much has taken place since the 12th of June, so many articles talking about internationlism with the IQD, IYO, is the 26th-30th still promising?] ...WE STUDY 26/30 RT NOW BECAUSE IT IS LOGICAL...SUFFICE IT TO SAY...THINGS ARE UNUSUAL AND EXCITING ON THE MR [Monetary Reform].
6-26-2017 Newshound Guru Phillyman I am so encouraged by all that is taking place... Of interest today. I see that Warka paid out interest early, usually do it the last day of the month. Have no idea why that would change.
6-25-2017 Intel/Newshound Guru tman23 The test website is interesting indeed...1 dinar equals 1.2 dollars...Be it a test or reality rate to come...We still dont know how they are going to deal with the 3 zero note currency...and there are no lower denoms that have been announced...without lower denoms...and going to 1 - to 1.2 usd...would not be good for us... The IQD 3 zero notes will remain in the market place for an estimate 2 years and trade along side the new currency... Words from the CBI! ...and be accepted for a period of ten years...which means you can exchange the 3 zero notes at the CBI ...The fact remains...we dont know how the 3 zero notes we hold will be treated at exchange...
6-25-2017 Intel Guru Daz [Hope we don't get more excuses to delay it...] IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.
6-25-2017 Newshound/Intel Guru Bluedog IRAQ BOUGHT EXPENSIVE ARMORED VEHICLES WITH GUNS ON TOP THAT HAVE BEEN READY FOR A TIME AS THIS TO MOVE EXPENSIVE CURRENCY AROUND TO BANKS AND ATM'S...MONIES BEING HELD IN ESCROW AROUND THE WORLD TO BE RELEASED JUNE 30TH, LOANS FROM THE W.B., IMF, NEED TO SEE A RATE FIRST BEFORE ALLOCATING...ABADI TO ANNOUNCE THE DELETION OF DAASH DURING THE END OF EID...AIR TRAVEL THRU THE COUNTRY OF IRAQ IS BEING NEGOTIATED WITH ARAB COUNTRIES AND GETTING THE OK...AND THE PORT OF TREBIL SHOULD BE FLOWING SMOOTHLY SOON WITH COMMODITIES...ALL THE ABOVE IS JUST IN MY OPINION. [post 3 of 3]
6-25-2017 Newshound/Intel Guru Bluedog SAUDIS HAVE SHINED UP THE OLD OIL PIPELINE FROM IRAQ WHICH IS NEVER BEEN A FAVORITE OF SAUDIS...AND OIL IS FLOWING STRONG AND BEING SOLD TO THE WEST. DEALS MADE BY ABADI ON HIS ARAB TOUR WERE PUT FORTH WITH TRUMPS SAUDI VISIT AND BACKROOM DEALS NOT EVER EXPOSED TO THE NEWS AGENCIES IMO. IRAN STARTING TO PLAY IN THIS WHOLE PLAN... NOW SWAP CURRENCIES...AND ABADI BEING HAPPY WITH THE VISIT... I THINK THE MIDDLE EAST IS FOR THE FIRST TIME COMING TOGETHER ...SPECIALLY THE RELEASE OF PRISONERS. AND THE IRAQ STOCK EXCHANGE WILL NOT BE UP TILL AFTER EID... [post 2 of 3....stay tuned]
6-25-2017 Newshound/Intel Guru Bluedog SECURITY IS TIGHT IN ALL AREAS OF IRAQ RIGHT NOW AND THE U.S. TROOPS 40 THOUSAND AND COALITION TROOPS TO GUARD WHAT? CURRENCY REFORM MOVEMENT? MAYBE...IMO. BORDERS SEALED OFF...COUNTRIES BORDERING IRAQ HAVE MOVED TROOPS TO BORDERS TO HELP ALSO...A TRUMP PLAN. JORDAN, KUWAIT, SAUDIS, TURKEY AND IRAN ARE PLAYING THE GAME AFTER THE TOUR OF ABADI IN THE ARAB COUNTRIES. ANYTHING IMPORTED FROM SHIPS IN PORTS OR BORDER PORTS ARE BEING CHARGED TAX AND THAT IS FILLING THE BUDGET ALSO. [post 1 of 3....stay tuned]
6-25-2017 Intel/Newshound Guru Poppy3 [Long time no see!] I HAVE NEVER LET UP INVESTIGATING AND HAVE STAYED IN TOUCH WITH ALL OF MY WONDERFUL SOURCES. NOT GOING TO ELABORATE BUT I'LL SAY I AM VERY EXCITED FOR WHAT IS PENDING FOR THE NEXT VERY FEW DAYS. I TODAY HAVE BEEN EXAMINING LOCAL BANKS AND FEDERAL CREDIT UNIONS IN THE...AREA FINDING THAT MANY THAT HAD NEVER HAD THE CAPABILITY TO EXCHANGE FOREIGN CURRENCIES HAVE LATELY BEEN PREPARING TO DO SO. VERY INTERESTING.
6-25-2017 Newshound Guru Aggiedad77 ...look at the recent trips or tours of the ME...all spokes point to a unity...a new breath of life...Abadi is working with the US IMO to make this happen...this little man is about to become the big man on the block...watch and see...all IMO...excited...you betcha...the wheel turns and those spokes are all moving in the right direction...This prisoner release is another example...dance to the music for what is coming...and they all said...the BEST is coming...wait for it...IMO. [post 2 of 2]
6-25-2017 Newshound Guru Aggiedad77 Articles: "Syria give up for hundreds of detainees to coincide with the Eid al-Fitr" "The release of the oldest in Egyptian prisons" ...can you see it...can you feel it...there is a unity in the ME that I believe IMO we are seeing today as never before...at least not in our lifetimes ...why would all these prisoners be released from so many different places...almost simultaneously ...think about it...there has to be a huge collaborative effort to make this happen...you scratch my back...I'll scratch yours...DEALS...DEALS... DEALS...who do we know has been making deals since January 20th... [post 1 of 2....stay tuned]
6-25-2017 Intel Guru Daz [Hope we don't get more excuses to delay it...] IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.
6-25-2017 Newshound/Intel Guru Bluedog IRAQ BOUGHT EXPENSIVE ARMORED VEHICLES WITH GUNS ON TOP THAT HAVE BEEN READY FOR A TIME AS THIS TO MOVE EXPENSIVE CURRENCY AROUND TO BANKS AND ATM'S...MONIES BEING HELD IN ESCROW AROUND THE WORLD TO BE RELEASED JUNE 30TH, LOANS FROM THE W.B., IMF, NEED TO SEE A RATE FIRST BEFORE ALLOCATING...ABADI TO ANNOUNCE THE DELETION OF DAASH DURING THE END OF EID...AIR TRAVEL THRU THE COUNTRY OF IRAQ IS BEING NEGOTIATED WITH ARAB COUNTRIES AND GETTING THE OK...AND THE PORT OF TREBIL SHOULD BE FLOWING SMOOTHLY SOON WITH COMMODITIES...ALL THE ABOVE IS JUST IN MY OPINION. [post 3 of 3]
6-25-2017 Newshound/Intel Guru Bluedog SAUDIS HAVE SHINED UP THE OLD OIL PIPELINE FROM IRAQ WHICH IS NEVER BEEN A FAVORITE OF SAUDIS...AND OIL IS FLOWING STRONG AND BEING SOLD TO THE WEST. DEALS MADE BY ABADI ON HIS ARAB TOUR WERE PUT FORTH WITH TRUMPS SAUDI VISIT AND BACKROOM DEALS NOT EVER EXPOSED TO THE NEWS AGENCIES IMO. IRAN STARTING TO PLAY IN THIS WHOLE PLAN... NOW SWAP CURRENCIES...AND ABADI BEING HAPPY WITH THE VISIT... I THINK THE MIDDLE EAST IS FOR THE FIRST TIME COMING TOGETHER ...SPECIALLY THE RELEASE OF PRISONERS. AND THE IRAQ STOCK EXCHANGE WILL NOT BE UP TILL AFTER EID... [post 2 of 3....stay tuned]
6-25-2017 Newshound/Intel Guru Bluedog SECURITY IS TIGHT IN ALL AREAS OF IRAQ RIGHT NOW AND THE U.S. TROOPS 40 THOUSAND AND COALITION TROOPS TO GUARD WHAT? CURRENCY REFORM MOVEMENT? MAYBE...IMO. BORDERS SEALED OFF...COUNTRIES BORDERING IRAQ HAVE MOVED TROOPS TO BORDERS TO HELP ALSO...A TRUMP PLAN. JORDAN, KUWAIT, SAUDIS, TURKEY AND IRAN ARE PLAYING THE GAME AFTER THE TOUR OF ABADI IN THE ARAB COUNTRIES. ANYTHING IMPORTED FROM SHIPS IN PORTS OR BORDER PORTS ARE BEING CHARGED TAX AND THAT IS FILLING THE BUDGET ALSO. [post 1 of 3....stay tuned]
6-25-2017 Intel/Newshound Guru Poppy3 [Long time no see!] I HAVE NEVER LET UP INVESTIGATING AND HAVE STAYED IN TOUCH WITH ALL OF MY WONDERFUL SOURCES. NOT GOING TO ELABORATE BUT I'LL SAY I AM VERY EXCITED FOR WHAT IS PENDING FOR THE NEXT VERY FEW DAYS. I TODAY HAVE BEEN EXAMINING LOCAL BANKS AND FEDERAL CREDIT UNIONS IN THE...AREA FINDING THAT MANY THAT HAD NEVER HAD THE CAPABILITY TO EXCHANGE FOREIGN CURRENCIES HAVE LATELY BEEN PREPARING TO DO SO. VERY INTERESTING.
6-25-2017 Newshound Guru Aggiedad77 ...look at the recent trips or tours of the ME...all spokes point to a unity...a new breath of life...Abadi is working with the US IMO to make this happen...this little man is about to become the big man on the block...watch and see...all IMO...excited...you betcha...the wheel turns and those spokes are all moving in the right direction...This prisoner release is another example...dance to the music for what is coming...and they all said...the BEST is coming...wait for it...IMO. [post 2 of 2]
6-25-2017 Newshound Guru Aggiedad77 Articles: "Syria give up for hundreds of detainees to coincide with the Eid al-Fitr" "The release of the oldest in Egyptian prisons" ...can you see it...can you feel it...there is a unity in the ME that I believe IMO we are seeing today as never before...at least not in our lifetimes ...why would all these prisoners be released from so many different places...almost simultaneously ...think about it...there has to be a huge collaborative effort to make this happen...you scratch my back...I'll scratch yours...DEALS...DEALS... DEALS...who do we know has been making deals since January 20th... [post 1 of 2....stay tuned]
6-24-2017 Newshound Guru Mailman17 IRAQ IS NOT SHORT ON COMMODITIES, BUT WERE SHORT ON MANAGING THOSE COMMODITIES. THE GRAFT AND CORRUPTION WAS RAMPANT. THAT IS UNDER CONTROL, NOT GONE, BUT CONTROLLED. WE ALSO KNOW THAT A 3D GEOLOGICAL SURVEY WAS DONE YEARS AGO, AND THAT SURVEY STATED IRAQS OIL RESERVES WERE 10 TIMES WHAT SAUDIS IS, JUST NOT TAPPED AND THAT DOESNT EVEN COUNT THEIR NATURAL GAS. THE NEWS IS GREAT TODAY AND SHOWS WE ARE CLOSE, BUT REMEMBER THE PAST WHEN DELIBERATING WHETHER IRAQ CAN SUSTAIN THEIR DINAR INTERNATIONALLY AT 1-1. THERE IS NO DOUBT THEY CAN, JUST WHEN. AS ALWAYS...JMO. [post 2 of 2]
6-24-2017 Newshound Guru Mailman17 I SEE A FEW OF THE GURUS OUT THERE ARE WORRIED ABOUT IRAQ BEING ABLE TO BACK THE DINAR AT A 1-1. I REALLY HATE TO GO BACK YEARS, BUT ANYONE IN THIS AS LONG AS SOME OF US DO NOT FORGET OLD NEWS THAT CERTAINLY PERTAINS TO THE CURRENT SITUATION. WHEN SADAAM WAS TAKEN OUT, EVERY SINGLE ACCOUNT WITH HIS NAME ON IT WORLDWIDE WAS FROZEN. NOT BILLIONS, BUT HUNDREDS OF BILLIONS. NOT SURE IF THOSE FUNDS ACROSS THE GLOBE WERE GAINING INTEREST OR NOT, BUT THEY WILL COME BACK TO THE CBI AS RESERVE MONEY. THAT ALSO INCLUDES ANYTHING THAT HAD HIS SONS NAME ON IT AS WELL. WE ALSO KNOW THEY HAVE THE LARGEST PHOSPHORUS RESERVE IN THE WORLD AS WELL AS OTHER MINERALS. THESE WILL BE MINED AND PUT OUT IMO AS SOON AS CHAPT 8 IS GIVEN. [post 1 of 2....stay tuned]
6-24-2017 Newshound Guru Currency365 ...I just spoke with a Currency Exchange and they said they do not show the rate changed yet, but they did see the site showing the $1.20 after I pointed the way. They said that once it officially changes, it's as easy as them selling their dinars, and then people coming in to do an Exchange. So all those 800#'s, and private meetings...blah, blah! It's an EXCHANGE. Simple as that.
6-24-2017 Intel Guru RayRen98 There are reports of a big street parade today throughout the weekend extending into Monday celebrating the victory of the military, the end of Ramadan and the EID holiday. EID starts immediately following Ramadan on June 25, 2017. The supplement to the 2017 Budget will be activated soon following Parliament approval. The Iraqis citizens will be celebrating with a massive fireworks display sometime tonight in Baghdad. Iraqi TV is broadcasting the coming days will mark a significant impact to purchasing power for all citizens of Iraq! The CBI site has taken on a new appearance and is in the "updating" process showing rate changes as conditions change....hmmmm?
6-24-2017 Intel Guru Delta ...the Iraqi Stock Exchange closing for the whole week...never saw them close like this for the whole week...maybe for the new year for accounting purposes...usually these places don’t announce closings until they get word from the government that we are going to close things from this date to this date...so it could be something or not with them announcing early...and then the CBI we all know they need time after they close or before they open to make their move...and then what they are doing over the last few weeks with the auctions is another thing...remember as soon as they go Article VIII and they go international and lift the rate they will let this auction go...
6-24-2017 Newshound/Intel Guru Mnt Goat You can go out to the CBI website and witness they are making some changes to the site. I can confirm to you this are educational changes needed for the roll out of the new currency and will be proceeded by news media announcements soon on the changes to their currency. This is what we have been waiting for and will be another sign we are getting VERY close. It will soon be over...Yes – we will see the RV very soon. [post 2 of 2]
6-24-2017 Newshound/Intel Guru Mnt Goat Abadi returns from his short middle east tour of three countries. He concluded it with a major news conference this week. So now we wait for his next news media announcement, which I believe will be the announcement we have all been waiting for these last many years. Iraq is moving on to the next phase of their history and I believe it will one of much less violence, a major rebuilding effort coupled with huge economic growth. [post 1 of 2....stay tuned]
6-24-2017 Newshound Guru Mailman17 I SEE A FEW OF THE GURUS OUT THERE ARE WORRIED ABOUT IRAQ BEING ABLE TO BACK THE DINAR AT A 1-1. I REALLY HATE TO GO BACK YEARS, BUT ANYONE IN THIS AS LONG AS SOME OF US DO NOT FORGET OLD NEWS THAT CERTAINLY PERTAINS TO THE CURRENT SITUATION. WHEN SADAAM WAS TAKEN OUT, EVERY SINGLE ACCOUNT WITH HIS NAME ON IT WORLDWIDE WAS FROZEN. NOT BILLIONS, BUT HUNDREDS OF BILLIONS. NOT SURE IF THOSE FUNDS ACROSS THE GLOBE WERE GAINING INTEREST OR NOT, BUT THEY WILL COME BACK TO THE CBI AS RESERVE MONEY. THAT ALSO INCLUDES ANYTHING THAT HAD HIS SONS NAME ON IT AS WELL. WE ALSO KNOW THEY HAVE THE LARGEST PHOSPHORUS RESERVE IN THE WORLD AS WELL AS OTHER MINERALS. THESE WILL BE MINED AND PUT OUT IMO AS SOON AS CHAPT 8 IS GIVEN. [post 1 of 2....stay tuned]
6-24-2017 Newshound Guru Currency365 ...I just spoke with a Currency Exchange and they said they do not show the rate changed yet, but they did see the site showing the $1.20 after I pointed the way. They said that once it officially changes, it's as easy as them selling their dinars, and then people coming in to do an Exchange. So all those 800#'s, and private meetings...blah, blah! It's an EXCHANGE. Simple as that.
6-24-2017 Intel Guru RayRen98 There are reports of a big street parade today throughout the weekend extending into Monday celebrating the victory of the military, the end of Ramadan and the EID holiday. EID starts immediately following Ramadan on June 25, 2017. The supplement to the 2017 Budget will be activated soon following Parliament approval. The Iraqis citizens will be celebrating with a massive fireworks display sometime tonight in Baghdad. Iraqi TV is broadcasting the coming days will mark a significant impact to purchasing power for all citizens of Iraq! The CBI site has taken on a new appearance and is in the "updating" process showing rate changes as conditions change....hmmmm?
6-24-2017 Intel Guru Delta ...the Iraqi Stock Exchange closing for the whole week...never saw them close like this for the whole week...maybe for the new year for accounting purposes...usually these places don’t announce closings until they get word from the government that we are going to close things from this date to this date...so it could be something or not with them announcing early...and then the CBI we all know they need time after they close or before they open to make their move...and then what they are doing over the last few weeks with the auctions is another thing...remember as soon as they go Article VIII and they go international and lift the rate they will let this auction go...
6-24-2017 Newshound/Intel Guru Mnt Goat You can go out to the CBI website and witness they are making some changes to the site. I can confirm to you this are educational changes needed for the roll out of the new currency and will be proceeded by news media announcements soon on the changes to their currency. This is what we have been waiting for and will be another sign we are getting VERY close. It will soon be over...Yes – we will see the RV very soon. [post 2 of 2]
6-24-2017 Newshound/Intel Guru Mnt Goat Abadi returns from his short middle east tour of three countries. He concluded it with a major news conference this week. So now we wait for his next news media announcement, which I believe will be the announcement we have all been waiting for these last many years. Iraq is moving on to the next phase of their history and I believe it will one of much less violence, a major rebuilding effort coupled with huge economic growth. [post 1 of 2....stay tuned]
6-23-2017 Newshound Guru Phillyman ...we await the announcements of Mosuls liberation "in the coming days". I know we are all looking forward to those headlines although I am not one to make the leap forward in my thinking that certainly an RV will follow quickly.
6-23-2017 Newshound Guru mike Iraq's oil revenue for 2017 so far is projecting roughly $50 billion dollars with an annual payroll for government employees at roughly $48 billion. Iraq's trying to draw down the workforce and lower pay but so far, it's a plan and not a reality. Iraq's current economic model is unsustainable, they need change now.
6-23-2017 Intel Guru Frank26 Abadi is not going to Iran to listen or to learn...he is going to Iran as a teacher...to give a lecture...because Iraq has changed...at the speed of light...they will become leaders in the ME...their currency will become stronger...for their country and their citizens...their currency will soon become solidly backed...and they will become a donor nation...Iran...Saudi Arabia...the ME knows this...and they know the importance of Iraq becoming international. The international structure of Iraq IMO is organizing itself and taking shape...it is taking on an international form...
6-23-2017 Intel Guru Delta FAMILY I GOT THE RATE: US Dollar USD 1.2 EURO EUR 1.08565. ITS IN THE WEB SITE ARABIC SITE...WE WILL WAIT AND SEE...THEY ARE PLAYING WITH NUMBERS. FUNNY PART ONLY US, EUR FOR NOW. [LATER POSTED] CBI BACK TO NORMAL RATE NOW ...SOMEONE IN CBI IS PLAYING WITH NUMBERS!
6-23-2017 Newshound Guru Currency365 …currently it’s [the IQD rate] 1184 but…this is the the new CBI site. They’re programing it. They’re coding it. It’s going up and down. If you go to the site you’ll know exactly what I’m talking about. It goes up and down, sometimes service not available. But guess what he found when it was available early this morning? 1.2. 1.2 to 1 USD. That’s the price they’ve been telling us in the articles that they want to start out at right. So 1.2 IQD to 1 USD. There’s nothing surprising about that...You can’t say the CBI doesn’t have 1.20 in their mind because on their own news layout site there’s 1.20 right there. Now of course it’s back to 1184. This is their brand new site…I think they were testing… We did see it and we got a photo of it.
6-23-2017 Intel Guru Bruce The 3 day holiday after Ramadan (June 26th) is a great time as it is the beginning of Eid al-Fitr...a 3 day holiday where everyone gifts one another for 3 days. Great celebrations are planned for those 3 days. Saturday would be a great time for an announcement. Lots of things are going on this week...Liberation of Mosul, chapter 7, escrow funds being recovered, ISX closed, etc. I am expecting it from the close of markets tomorrow [Friday] through the end of weekend. It could have happened today, but looks like it may be a weekend event. I still do not know exact timing. No one does...Thinking that something may come 11:30 am Bagdad time on Saturday.
6-23-2017 Newshound Guru chattels "CBI website has a new look!" "H.E Mr. Ali Muhsin Ismail / Acting Governor and Head of the Executive Board" I believe that the reference to Ismail as the "acting governor" is a change.
6-23-2017 Newshound Guru Kaperoni "CBI website has a new look!" This is a good sign. I know it's easy to just assume they are remodeling there website..but I think its much more. With all the speculation that the banking system must open up to perpetuate international activities to support global investment, this new website to me is much more polished, professional and institutional. We could be getting closer.
6-23-2017 Newshound Guru mike Iraq's oil revenue for 2017 so far is projecting roughly $50 billion dollars with an annual payroll for government employees at roughly $48 billion. Iraq's trying to draw down the workforce and lower pay but so far, it's a plan and not a reality. Iraq's current economic model is unsustainable, they need change now.
6-23-2017 Intel Guru Frank26 Abadi is not going to Iran to listen or to learn...he is going to Iran as a teacher...to give a lecture...because Iraq has changed...at the speed of light...they will become leaders in the ME...their currency will become stronger...for their country and their citizens...their currency will soon become solidly backed...and they will become a donor nation...Iran...Saudi Arabia...the ME knows this...and they know the importance of Iraq becoming international. The international structure of Iraq IMO is organizing itself and taking shape...it is taking on an international form...
6-23-2017 Intel Guru Delta FAMILY I GOT THE RATE: US Dollar USD 1.2 EURO EUR 1.08565. ITS IN THE WEB SITE ARABIC SITE...WE WILL WAIT AND SEE...THEY ARE PLAYING WITH NUMBERS. FUNNY PART ONLY US, EUR FOR NOW. [LATER POSTED] CBI BACK TO NORMAL RATE NOW ...SOMEONE IN CBI IS PLAYING WITH NUMBERS!
6-23-2017 Newshound Guru Currency365 …currently it’s [the IQD rate] 1184 but…this is the the new CBI site. They’re programing it. They’re coding it. It’s going up and down. If you go to the site you’ll know exactly what I’m talking about. It goes up and down, sometimes service not available. But guess what he found when it was available early this morning? 1.2. 1.2 to 1 USD. That’s the price they’ve been telling us in the articles that they want to start out at right. So 1.2 IQD to 1 USD. There’s nothing surprising about that...You can’t say the CBI doesn’t have 1.20 in their mind because on their own news layout site there’s 1.20 right there. Now of course it’s back to 1184. This is their brand new site…I think they were testing… We did see it and we got a photo of it.
6-23-2017 Intel Guru Bruce The 3 day holiday after Ramadan (June 26th) is a great time as it is the beginning of Eid al-Fitr...a 3 day holiday where everyone gifts one another for 3 days. Great celebrations are planned for those 3 days. Saturday would be a great time for an announcement. Lots of things are going on this week...Liberation of Mosul, chapter 7, escrow funds being recovered, ISX closed, etc. I am expecting it from the close of markets tomorrow [Friday] through the end of weekend. It could have happened today, but looks like it may be a weekend event. I still do not know exact timing. No one does...Thinking that something may come 11:30 am Bagdad time on Saturday.
6-23-2017 Newshound Guru chattels "CBI website has a new look!" "H.E Mr. Ali Muhsin Ismail / Acting Governor and Head of the Executive Board" I believe that the reference to Ismail as the "acting governor" is a change.
6-23-2017 Newshound Guru Kaperoni "CBI website has a new look!" This is a good sign. I know it's easy to just assume they are remodeling there website..but I think its much more. With all the speculation that the banking system must open up to perpetuate international activities to support global investment, this new website to me is much more polished, professional and institutional. We could be getting closer.
6-22-2017 ***** Dinar Guru News Update ***** Below is the latest Mosul maps. The left map is West Mosul and the right map is zoomed in to the Old Mosul center. They are down to the last district, Old Mosul. There are reports celebration preparations for the liberation of Mosul are officially underway! Stay tuned as this story unfolds... The latest guru posts will continue below.
6-22-2017 Intel Guru Frank26 Iraq has been going crazy for many years...for over a decade...with uncontrolled movement...with disorganized leadership that destroys and creates chaos instead of the vision they have now for order, unity, Security and Stability...They now have a vision to move into a Revaluation future with the actions that are being presented within their auctions...this country is changing...this country is being run differently...and the IMF requirements are being fulfilled...
6-22-2017 Newshound Guru Phillyman [...it escapes me to see all the information about this broken country when everyone that has any true intel that state side and abroad are the saying the same things and that is, "That it will never come to pass." the words of some bankers not my own so why continue this witch hunt for something that will never be?] I take it the "it" you are referring to is the RV...I have no idea when the change will take place. Speculation on that point has brought insanity to the community but I do believe it is coming...if people cannot see the massive change coming to Iraq and that region I just don't get it.
6-22-2017 Newshound Guru Adam Montana [do you think Raqqa has to be secured for it to be determined that the Iraq borders are secure?] Nope. To my knowledge, Raqqa is not a major problem for the real holdup... the HCL.
6-22-2017 Newshound Guru Currency365 [New Guru] Article “Abadi Office: It will be closed the rest of the files that resulted from Saddam’s Invasion of Kuwait.” Now that is breaking news! They are going to close the rest of the files relating to Saddam Hussein’s invasion. This is part of chapter 7 compliance. Basically removing the sanctions off of chapter 7 is closing these files…now we really know the files are going to be closed. awesome breaking news here!
6-22-2017 Newshound Guru Phillyman Article: "Islamic State blows up historic Mosul mosque where it declared 'caliphate': Iraqi military" Who knows what IS leadership had in mind when they blew up the historic mosque with the leaning minaret...but that symbol of the caliphate was huge and is now gone. I cannot imagine we are far from hearing Abadi declare victory over Mosul.
6-22-2017 Newshound Guru Aggiedad77 Article: "Islamic State blows up landmark Great Mosque of al-Nuri and famous leaning minaret in Mosul" IMO...we pray for any lives lost in the Grand Old Mosque...and mourn the physical loss of such an artifact and part of Iraqi history...but at the same time it would appear to me that Abadi has proof positive of a cause for celebration and "official" international announcement that the terrorists are no more... It is planned...it is called for...and we shall be a part of it...the BEST is coming...
6-22-2017 Intel Guru Frank26 ...the CBI also told the banks they would provide them with 25 million per bank as cash per 3,000 for each citizen if they want to travel...something is happening with their auctions and their currency and with their procedures...and their window of buy and sell...this is indeed a strange request...this makes no sense but it is not a coincidence is it...they are preparing for an RV...I think they are pushing the month into a time frame of the 26th to the 30th...for many things...including a possible RV...IMO Family we are very close...From months to weeks to day...to now hours...soon to become seconds… [post 2 of 2]
6-22-2017 Intel Guru Frank26 [Guru] DELTA called me last week...said the CBI made an announcement on the Arabic side to all of the banks...they told them that the auction of the 26th...two Sundays from now...they sent a memo to all of their banks in Iraq asking all of the money changers that they are being required to tell the CBI what it is that they need for currency...and we want to know it now...on the 18th...and it will be done on the 25th...they are piggybacking one week in advance...that is weird...he said...all banks have to submit on the 18th for the auction on the 25th...we’ve never seen anything like this before in the auctions... [post 1 of 2....stay tuned]
6-22-2017 Newshound Guru Phillyman [...it escapes me to see all the information about this broken country when everyone that has any true intel that state side and abroad are the saying the same things and that is, "That it will never come to pass." the words of some bankers not my own so why continue this witch hunt for something that will never be?] I take it the "it" you are referring to is the RV...I have no idea when the change will take place. Speculation on that point has brought insanity to the community but I do believe it is coming...if people cannot see the massive change coming to Iraq and that region I just don't get it.
6-22-2017 Newshound Guru Adam Montana [do you think Raqqa has to be secured for it to be determined that the Iraq borders are secure?] Nope. To my knowledge, Raqqa is not a major problem for the real holdup... the HCL.
6-22-2017 Newshound Guru Currency365 [New Guru] Article “Abadi Office: It will be closed the rest of the files that resulted from Saddam’s Invasion of Kuwait.” Now that is breaking news! They are going to close the rest of the files relating to Saddam Hussein’s invasion. This is part of chapter 7 compliance. Basically removing the sanctions off of chapter 7 is closing these files…now we really know the files are going to be closed. awesome breaking news here!
6-22-2017 Newshound Guru Phillyman Article: "Islamic State blows up historic Mosul mosque where it declared 'caliphate': Iraqi military" Who knows what IS leadership had in mind when they blew up the historic mosque with the leaning minaret...but that symbol of the caliphate was huge and is now gone. I cannot imagine we are far from hearing Abadi declare victory over Mosul.
6-22-2017 Newshound Guru Aggiedad77 Article: "Islamic State blows up landmark Great Mosque of al-Nuri and famous leaning minaret in Mosul" IMO...we pray for any lives lost in the Grand Old Mosque...and mourn the physical loss of such an artifact and part of Iraqi history...but at the same time it would appear to me that Abadi has proof positive of a cause for celebration and "official" international announcement that the terrorists are no more... It is planned...it is called for...and we shall be a part of it...the BEST is coming...
6-22-2017 Intel Guru Frank26 ...the CBI also told the banks they would provide them with 25 million per bank as cash per 3,000 for each citizen if they want to travel...something is happening with their auctions and their currency and with their procedures...and their window of buy and sell...this is indeed a strange request...this makes no sense but it is not a coincidence is it...they are preparing for an RV...I think they are pushing the month into a time frame of the 26th to the 30th...for many things...including a possible RV...IMO Family we are very close...From months to weeks to day...to now hours...soon to become seconds… [post 2 of 2]
6-22-2017 Intel Guru Frank26 [Guru] DELTA called me last week...said the CBI made an announcement on the Arabic side to all of the banks...they told them that the auction of the 26th...two Sundays from now...they sent a memo to all of their banks in Iraq asking all of the money changers that they are being required to tell the CBI what it is that they need for currency...and we want to know it now...on the 18th...and it will be done on the 25th...they are piggybacking one week in advance...that is weird...he said...all banks have to submit on the 18th for the auction on the 25th...we’ve never seen anything like this before in the auctions... [post 1 of 2....stay tuned]
6-21-2017 Newshound Guru Adam Montana [I am starting to wonder if the Iraqi's are feeding the world false information.] Actually, I believe the opposite is happening. Iraq is trying to keep things quiet, but the newshounds we have here pick up on damn near every little hint they let slip. You'll notice that a lot of the things you'll see...that seem important are not major items in the MSM... there's good reason for that. 99% of the world simply doesn't understand that some of these seemingly insignificant things are setting up something much bigger.
6-21-2017 Intel Guru RayRen98 What else to do we have? The PM, his 3 country travel- Iran, Kuwait, Saudi Arabia. It is believed that he is back already. There's already been articles that have come out about the agreement between Iran and Iraq on an International level or National level, if you want to call it that, using their currencies. Hmm, what could that be about? Could it be that all three are to eventually come out and say the same thing? Then, match up rate wise. Could that be the first sign of a mini GCR and the rest to unfold accordingly? Time will tell. Some are expectant of it...today, later this evening. Some... tomorrow ...a lot of scuttlebutt out there...bottom line is everybody is pushing somewhere in the vicinity of this week...we are looking pretty good folks. We're almost there. [Should we put the champagne on ice?] I would! [post 2
of 2]
6-21-2017 Intel Guru RayRen98 We have all bases covered. What do we have so far to have all bases loaded? We have Iraq talking about this is the final victory week, with the final victory celebration upcoming. Public celebrations already underway for the troops. All the articles are referencing things in the past tense when it comes to liberation of Mosul, fighting, ISIS. Ramadan is supposed to end on the 25th of June followed by EID (holiday). It is believed Iraq will be celebrating before the end of Ramadan due to the liberation of Mosul. [post 1 of 2....stay tuned]
6-21-2017 Newshound Guru Adam Montana ...it's just about time to start watching things pick back up... Ramadan is over in just a few days, and we'll see pretty shortly how this rodeo is going to proceed! [Ramadan ends on Saturday and then there's Eid Al-Fitr for what? 3 days?] Eid al-Fitr is not as much of a hindrance to an RV, but that's debatable I guess.
6-21-2017 Newshound Guru MilitiaMan ...Taxes & Tariffs at the borders are bringing in revenues like never before.. They kicked out 2 million barrels of oil... Oh - Buddy! They also have LNG being shipped too. Just like they told us. That all goes toward the IQD value, imo. Even if Oil is down, those two (not to mention the other resources Iraq has.) items can produce similar incomes, imo. So not to worry on if the former glory is supportable. ...international and acceptable currency for the IQD is in the final stage as I see it. The final stage to have an international rate that meets a managed float requirement is at hand. The UN is all about the people, too. They must feel good enough now to release the Escrow Account and give them International Status! [post 3 of 3]
6-21-2017 Newshound Guru MilitiaMan The latest UNSC doc out today, suggests that Iraq has obtained an international rating for the first time. One might ask as to when if ever have they before? They suggest it is the first time and because of their brilliant achievements and at the national, regional and global levels...The are getting recognition for things that were completed at a level of BRILLIANCE... ...Iraq has the ability now even more so, than ever to buy arms... The UN doesn't allow Arms to be bought by Terrorist organizations. They didn't get the Kudos for nothing is my point. They are now at the highest level of being international. They are able to get arms to protect themselves. in my opinion.. They have been brilliant... [post 2 of 3....stay tuned]
6-21-2017 Newshound Guru MilitiaMan The UNSC Doc published just under three weeks ago this Friday told us all, that there was going to be an action within June 2016 [2017 ?]. That action has a time line by and or before the end of the month. That action is a reaction to things accomplished or that action wouldn't have even been mentioned. The UNSC escrow account is being funded or well closed out if you will. End game, symbolically. That has meaning that is profound! The Oil for Food program is to be done and gone for ever... I may be wrong, but, that imo is Chapter 7 done in regards to MR and acceptance of Article 8 is in effect or will be, once in synchronization. [post 1 of 3....stay tuned]
6-21-2017 Newshound Guru mike [The debate continues!] [...does it really matter to you that the dinar is a "hard currency" or when it becomes one? It does not have to be for the value to go up on the IQD now does it...?] No sir, it doesn't matter to me if the dinar is a hard currency or not, but if someone says it is, that's when I pipe in. Saleh and others have said the dinar is the strongest currency in the world and that's when I call BS. Candidly, I don't believe the dinar will ever be a hard currency, you need a sophisticated, advanced country and people with a large, diversified GDP for the world to feel comfortable using your currency as method of storing capital. I don't think any ME country will have a hard currency...these country's will never, in my mind, have stability... [reference Kaperoni and mike's posts 6-20-2017 below]
6-21-2017 Intel Guru Bruce Those 4 to 5 concepts of announcements we are looking for to be made tomorrow [Wednesday]...late tonight...early am. PM Abadi was in Saudi Arabia and he made an announcement there in Saudi Arabia and he is supposed to make one more announcement when he gets back to Iraq. We do believe that Iraq is pumping oil and which Russia has it, China has it. This is one reason the value of the Iraqi dinar should be higher than we thought. We think everything is lined up for us, ready to go. It is all planned and I think we are on a timer still and the timer is ready to go off I think. It is looking very strong for us. You made it all the way. [post 2 of 2]
6-21-2017 Intel Guru Bruce ...there were a series, 3 sets of announcements that were made yesterday morning and late the night before. Our Sunday night into Monday morning, and a couple more announcements that will be made tomorrow morning... Those announcements will be the final announcements that need to be heard about Iraq sovereignty, about the new rates that are going to be seen on their valued dinar, liberation of Mosul, and I think maybe the lower denominations that should be available in the ATM machines in Iraq. [post 1 of 2....stay tuned]
6-21-2017 Intel Guru RayRen98 What else to do we have? The PM, his 3 country travel- Iran, Kuwait, Saudi Arabia. It is believed that he is back already. There's already been articles that have come out about the agreement between Iran and Iraq on an International level or National level, if you want to call it that, using their currencies. Hmm, what could that be about? Could it be that all three are to eventually come out and say the same thing? Then, match up rate wise. Could that be the first sign of a mini GCR and the rest to unfold accordingly? Time will tell. Some are expectant of it...today, later this evening. Some... tomorrow ...a lot of scuttlebutt out there...bottom line is everybody is pushing somewhere in the vicinity of this week...we are looking pretty good folks. We're almost there. [Should we put the champagne on ice?] I would! [post 2
of 2]
6-21-2017 Intel Guru RayRen98 We have all bases covered. What do we have so far to have all bases loaded? We have Iraq talking about this is the final victory week, with the final victory celebration upcoming. Public celebrations already underway for the troops. All the articles are referencing things in the past tense when it comes to liberation of Mosul, fighting, ISIS. Ramadan is supposed to end on the 25th of June followed by EID (holiday). It is believed Iraq will be celebrating before the end of Ramadan due to the liberation of Mosul. [post 1 of 2....stay tuned]
6-21-2017 Newshound Guru Adam Montana ...it's just about time to start watching things pick back up... Ramadan is over in just a few days, and we'll see pretty shortly how this rodeo is going to proceed! [Ramadan ends on Saturday and then there's Eid Al-Fitr for what? 3 days?] Eid al-Fitr is not as much of a hindrance to an RV, but that's debatable I guess.
6-21-2017 Newshound Guru MilitiaMan ...Taxes & Tariffs at the borders are bringing in revenues like never before.. They kicked out 2 million barrels of oil... Oh - Buddy! They also have LNG being shipped too. Just like they told us. That all goes toward the IQD value, imo. Even if Oil is down, those two (not to mention the other resources Iraq has.) items can produce similar incomes, imo. So not to worry on if the former glory is supportable. ...international and acceptable currency for the IQD is in the final stage as I see it. The final stage to have an international rate that meets a managed float requirement is at hand. The UN is all about the people, too. They must feel good enough now to release the Escrow Account and give them International Status! [post 3 of 3]
6-21-2017 Newshound Guru MilitiaMan The latest UNSC doc out today, suggests that Iraq has obtained an international rating for the first time. One might ask as to when if ever have they before? They suggest it is the first time and because of their brilliant achievements and at the national, regional and global levels...The are getting recognition for things that were completed at a level of BRILLIANCE... ...Iraq has the ability now even more so, than ever to buy arms... The UN doesn't allow Arms to be bought by Terrorist organizations. They didn't get the Kudos for nothing is my point. They are now at the highest level of being international. They are able to get arms to protect themselves. in my opinion.. They have been brilliant... [post 2 of 3....stay tuned]
6-21-2017 Newshound Guru MilitiaMan The UNSC Doc published just under three weeks ago this Friday told us all, that there was going to be an action within June 2016 [2017 ?]. That action has a time line by and or before the end of the month. That action is a reaction to things accomplished or that action wouldn't have even been mentioned. The UNSC escrow account is being funded or well closed out if you will. End game, symbolically. That has meaning that is profound! The Oil for Food program is to be done and gone for ever... I may be wrong, but, that imo is Chapter 7 done in regards to MR and acceptance of Article 8 is in effect or will be, once in synchronization. [post 1 of 3....stay tuned]
6-21-2017 Newshound Guru mike [The debate continues!] [...does it really matter to you that the dinar is a "hard currency" or when it becomes one? It does not have to be for the value to go up on the IQD now does it...?] No sir, it doesn't matter to me if the dinar is a hard currency or not, but if someone says it is, that's when I pipe in. Saleh and others have said the dinar is the strongest currency in the world and that's when I call BS. Candidly, I don't believe the dinar will ever be a hard currency, you need a sophisticated, advanced country and people with a large, diversified GDP for the world to feel comfortable using your currency as method of storing capital. I don't think any ME country will have a hard currency...these country's will never, in my mind, have stability... [reference Kaperoni and mike's posts 6-20-2017 below]
6-21-2017 Intel Guru Bruce Those 4 to 5 concepts of announcements we are looking for to be made tomorrow [Wednesday]...late tonight...early am. PM Abadi was in Saudi Arabia and he made an announcement there in Saudi Arabia and he is supposed to make one more announcement when he gets back to Iraq. We do believe that Iraq is pumping oil and which Russia has it, China has it. This is one reason the value of the Iraqi dinar should be higher than we thought. We think everything is lined up for us, ready to go. It is all planned and I think we are on a timer still and the timer is ready to go off I think. It is looking very strong for us. You made it all the way. [post 2 of 2]
6-21-2017 Intel Guru Bruce ...there were a series, 3 sets of announcements that were made yesterday morning and late the night before. Our Sunday night into Monday morning, and a couple more announcements that will be made tomorrow morning... Those announcements will be the final announcements that need to be heard about Iraq sovereignty, about the new rates that are going to be seen on their valued dinar, liberation of Mosul, and I think maybe the lower denominations that should be available in the ATM machines in Iraq. [post 1 of 2....stay tuned]
6-20-2017 Newshound Guru Kaperoni [Guru Kaperoni adds his insight to the ongoing Guru Mike and Guru Enorrste debate about the dinar] [...does it really matter to you that the dinar is a "hard currency" or when it becomes one? It does not have to be for the value to go up on the IQD now does it...?] Technically no...it does not need to be a hard currency..but it goes to the premise and the concept of why we are all holding dinar. [stay tuned for more of this very interesting debate]
6-20-2017 Newshound Guru Phillyman Article: "Deposit Insurance" Quotes: "Deposit Insurance Act represents a solution to the problem of the most successful liquidity shortage experienced by the national economy, restore confidence between the banks and the public beneficiaries, and pays owners of capital to deposit their money in banks because of legal guarantees for this." "Deposit Insurance Act must see the light because it is the most important one of the real keys to sustainable development." ...seems like a broken record doesn't it. Everyone knows what should be done but it doesn't happen. Hope change is coming.
6-20-2017 Intel Guru Frank26 Article: "Iraq raises the first tender for the sale of Basra crude in the Dubai Mercantile Exchange" Quote: "Trade sources confirmed on Tuesday that Iraq plans to sell four million barrels of crude Basra loaded in the tender in August DME next Wednesday, including the first sale of heavy crude Basra through the stock exchange." [Just waiting on more confirmations/opinions as to whether that Oil/DME article is actual "PROOF" of INTERNATIONAL.] i bet You 1...Dozen COOOOOOOOOOKIES...It is...(wink).
6-20-2017 Newshound Guru mike For me, the NFA is a measuring stick for assets abroad, the reserves are used to back liabilities on the issued currency. I too agree the dinar will be a world recognized currency, but not a hard currency. That's my problem with folks like Saleh, they stretch the truth and stray from the facts. Does he do it all the time? No. But he does it often enough to damage credibility and require fact checking his statements. ...I'm ready for these guys to get to work. No matter how we slice it, the reserves are dwindling and if they don't address the economy soon, there's going to be even bigger problems. [reference Enorrste post 6-20-2017....what will be the response? Stay tuned...]
6-20-2017 Newshound Guru Phillyman Article: "Kirkuk’s Oil to play big role in Kurdish Independence" There are alot of articles coming out regularly about this. Saying the region is complicated is an understatement. Abadi is even now on his tour having just left Saudi Arabia and now landing in Iran, 2 countries that despise each other. Does it impact what we are looking for? There will always be conflict over there so my humble opinion is that monetary reform moves forward despite the conflicts regionally.
6-20-2017 Newshound Guru Enorrste [The debate continues....] Each of us is looking at a different set of numbers. In any case, I would personally take Keywords at his word, regardless of the numbers. Saleh's statement is sort of like Trump's "I hope" statement. "Like a hard curency" is not the same as "world reserve currency" in my view. I believe that, unless Planet X wipes us out in the next year or so, the dinar will become a world recognized currency. When is another question entirely. I started this over 10 years ago and am still waiting for it to just start, let alone finish. [reference Guru mike's post 6-20-2017 below....]
6-20-2017 Intel Guru Frank26 Document: "Interior announces to obtain international rating for the first time" Quote: "The Interior Ministry announced on Tuesday, gaining international classification of international standards for the control of the Organization of the United Nations Security Council arms, pointing out that it gets a brilliant achievement for the first time at the national, regional and global level." OOOOOOOOOOOOOOOH Buddy!
6-20-2017 Newshound/Intel Guru tman23 ...The IQD reality could be between 285 fils to 299 fils to the USD...which would be 2.85 - 2.99...with a margin of +/- 3.5%...
6-20-2017 Newshound Guru mike So...roughly 60 trillion dinars in M0...also ...officials in the GOI that illustrate the CBI reserves are between $40-$49 billion dollars. The results show that Iraq does not have 100% coverage of their outstanding M0 money supply. Why does Keywords state it's covered? Who knows, it's clear though that it's not. He's under a tremendous amount of pressure from the GOI for the dwindling reserves, people under pressure do weird things. ...what are your thoughts, is the dinar, or will it be in the next 20 years, considered a "hard currency?" I think we all agree that the dinar will rise in value. Becoming a hard currency is a whole different ball game. [post 2 of 2....stay tuned for more of this spirited debate]
6-20-2017 Newshound Guru mike Here you go [Guru] Enorrste: "A member of Iraqi Parliamentary Economic and Investment Commission Mamouri issued a statement regarding a significant decline in the reserves of Iraqi Central Bank up to 40 billion U.S dollars." I didn't pull that number out of a hat, it's part of the equation. I'm betting we'll know more in the next couple of months where the reserves are. For the record, I'm not putting words in Saleh's mouth for a straw man's argument, he said it: "The dinar today has become a strong and like a hard currency through the Bank’s policy Central control of the cash raised in the local market." [Reference Guru Enorrste 6-19-2017 below for this ongoing debate] [post 1 of 2....stay tuned]
6-20-2017 Intel Guru Dr. Clarke We're Watching "WITH YOU"..."LESS THAN 30 DAYS" In our Opinionated, Formulated, Substantiated, Guesstimated, Rejuvenated, Illogic-ated...Viewpoint. MASSIVE.
6-20-2017 Newshound Guru Phillyman Article: "Deposit Insurance" Quotes: "Deposit Insurance Act represents a solution to the problem of the most successful liquidity shortage experienced by the national economy, restore confidence between the banks and the public beneficiaries, and pays owners of capital to deposit their money in banks because of legal guarantees for this." "Deposit Insurance Act must see the light because it is the most important one of the real keys to sustainable development." ...seems like a broken record doesn't it. Everyone knows what should be done but it doesn't happen. Hope change is coming.
6-20-2017 Intel Guru Frank26 Article: "Iraq raises the first tender for the sale of Basra crude in the Dubai Mercantile Exchange" Quote: "Trade sources confirmed on Tuesday that Iraq plans to sell four million barrels of crude Basra loaded in the tender in August DME next Wednesday, including the first sale of heavy crude Basra through the stock exchange." [Just waiting on more confirmations/opinions as to whether that Oil/DME article is actual "PROOF" of INTERNATIONAL.] i bet You 1...Dozen COOOOOOOOOOKIES...It is...(wink).
6-20-2017 Newshound Guru mike For me, the NFA is a measuring stick for assets abroad, the reserves are used to back liabilities on the issued currency. I too agree the dinar will be a world recognized currency, but not a hard currency. That's my problem with folks like Saleh, they stretch the truth and stray from the facts. Does he do it all the time? No. But he does it often enough to damage credibility and require fact checking his statements. ...I'm ready for these guys to get to work. No matter how we slice it, the reserves are dwindling and if they don't address the economy soon, there's going to be even bigger problems. [reference Enorrste post 6-20-2017....what will be the response? Stay tuned...]
6-20-2017 Newshound Guru Phillyman Article: "Kirkuk’s Oil to play big role in Kurdish Independence" There are alot of articles coming out regularly about this. Saying the region is complicated is an understatement. Abadi is even now on his tour having just left Saudi Arabia and now landing in Iran, 2 countries that despise each other. Does it impact what we are looking for? There will always be conflict over there so my humble opinion is that monetary reform moves forward despite the conflicts regionally.
6-20-2017 Newshound Guru Enorrste [The debate continues....] Each of us is looking at a different set of numbers. In any case, I would personally take Keywords at his word, regardless of the numbers. Saleh's statement is sort of like Trump's "I hope" statement. "Like a hard curency" is not the same as "world reserve currency" in my view. I believe that, unless Planet X wipes us out in the next year or so, the dinar will become a world recognized currency. When is another question entirely. I started this over 10 years ago and am still waiting for it to just start, let alone finish. [reference Guru mike's post 6-20-2017 below....]
6-20-2017 Intel Guru Frank26 Document: "Interior announces to obtain international rating for the first time" Quote: "The Interior Ministry announced on Tuesday, gaining international classification of international standards for the control of the Organization of the United Nations Security Council arms, pointing out that it gets a brilliant achievement for the first time at the national, regional and global level." OOOOOOOOOOOOOOOH Buddy!
6-20-2017 Newshound/Intel Guru tman23 ...The IQD reality could be between 285 fils to 299 fils to the USD...which would be 2.85 - 2.99...with a margin of +/- 3.5%...
6-20-2017 Newshound Guru mike So...roughly 60 trillion dinars in M0...also ...officials in the GOI that illustrate the CBI reserves are between $40-$49 billion dollars. The results show that Iraq does not have 100% coverage of their outstanding M0 money supply. Why does Keywords state it's covered? Who knows, it's clear though that it's not. He's under a tremendous amount of pressure from the GOI for the dwindling reserves, people under pressure do weird things. ...what are your thoughts, is the dinar, or will it be in the next 20 years, considered a "hard currency?" I think we all agree that the dinar will rise in value. Becoming a hard currency is a whole different ball game. [post 2 of 2....stay tuned for more of this spirited debate]
6-20-2017 Newshound Guru mike Here you go [Guru] Enorrste: "A member of Iraqi Parliamentary Economic and Investment Commission Mamouri issued a statement regarding a significant decline in the reserves of Iraqi Central Bank up to 40 billion U.S dollars." I didn't pull that number out of a hat, it's part of the equation. I'm betting we'll know more in the next couple of months where the reserves are. For the record, I'm not putting words in Saleh's mouth for a straw man's argument, he said it: "The dinar today has become a strong and like a hard currency through the Bank’s policy Central control of the cash raised in the local market." [Reference Guru Enorrste 6-19-2017 below for this ongoing debate] [post 1 of 2....stay tuned]
6-20-2017 Intel Guru Dr. Clarke We're Watching "WITH YOU"..."LESS THAN 30 DAYS" In our Opinionated, Formulated, Substantiated, Guesstimated, Rejuvenated, Illogic-ated...Viewpoint. MASSIVE.
6-18-2017 *** Dinar Guru Newsflash *** The final assault on Old Mosul district has officially begun. This is the last district needed to liberate the city of Mosul. Fighting is expected to be fierce. Stay tuned as this story unfolds... Latest guru updates will continue below...
6-19-2017 Intel Guru RayRen98 STILL EXCITED ABOUT THIS WEEK YIELDING + RESULTS.
6-19-2017 Newshound/Intel Guru Mnt Goat So what have we heard lately? Mosul is not an issue. Really? Mosul fighting is an issue for any RV as long as ISIS resistance is still on Iraqi ground. The International Cards are more wide spread and functioning at different rates some as high as $3.71. Really? NO, NO, NO. Why would anyone in Iraq be paid at any “new rate”. A dinar is a dinar. ...the lower denominations...have not yet been launched. They want to get the RV done prior to the end of Ramadan. No – this is only a rumor and I know this not FACT! Ramadan has absolutely no impact on the RV...it doesn't matter when Ramadan starts or finishes. It's proven already to have nothing to do with the RV. It is my opinion we are still in a very good window for early summer for a rate change. Folks- we are very, very close.
6-19-2017 Newshound Guru Aggiedad77 IMO...we all have a good idea what is coming...we just don't know when...or for how much...Why...because we don't give dates or rates...pray that a new journey is on the horizon for you and will be all over you before you know it.....the BEST is coming.....it can be felt in so many ways...be ready...
6-19-2017 Newshound Guru Enorrste [Guru] Mike ...according to Keywords the "reserves" are $47 to $49 billion while you say they are $40 billion. That's a big difference. Also, Keywords says this...: "the amount of foreign currency reserves in the bank exceeds the amount of local currency in Iraqi dinars." Therefore, the money supply must be less than $47 to $49 billion, if Keywords is correct. He is quite specific in the quote above. The Gross Foreign Assets number I quoted is directly on the CBI website under Statistics then under Key Financial Indicators. This is an Excel spreadsheet... The numbers are on line 48 and 49 under Net Foreign Assets and Gross Foreign Assets. Belittling Saleh is a straw man argument. Neither he nor anyone on this forum claims that the dinar NOW is a world reserve currency. Therefore, putting that statement in his mouth and then knocking it down is moot, since he has never stated it. [Reference Guru mike post 6-19-2017...will this spirited debate continue?]
6-19-2017 Newshound Guru Peggy68 I feel CBI removed their first 0 on March 29th and they removed the other 2 (00’s) June 11th. In my opinion, all three 000’s have been removed and with all my heart and soul...that we are waiting for the next great event to come very soon. By the way Wednesday June 14th had a rate in the $2 range. IMO we could see a rate between now and the latest on Forex June 26th.
6-19-2017 Newshound Guru mike Saleh has said a lot of inaccurate things over years, we had a lengthy debate about this in 2015, he has problems with the facts. The facts are that Iraq has roughly 60 trillion dinars, or say $52 billion dollars and the reserves are, according to Keywords, between $47-$49 billion. Additionally, the IQD, no matter what Saleh states, doesn't even sniff the criteria for a hard currency like the dollar, yen, euro and pound. Here's a snip, Iraq has none of the requirements, zero. Iraq's reserves do not cover outstanding M0 cash. Candidly, I've read where the reserves are at $42 billion... I would also add that Gross Foreign Assets, or Net Foreign Assets are not the same as hard currency reserves, they encompass two different accounting procedures. Let me now if you can find one economist or currency expert outside of the GOI that will support the idea that the dinar is or will be in the near future considered a hard currency. I've looked and can't find one. [reference Guru Enorrste's post 6-18-2017....stay tuned for more of this spirited debate]
6-19-2017 Newshound/Intel Guru Mnt Goat Article: "Iran should stop interfering in Iraq, Iraqi VP Allawi says" Quote: "Iraqi leaders hope to restore control over all Iraqi territory, defeating Islamic State, before an election due by the middle of next year." A very significant statement here by Allawi...if we don’t get the RV before these elections there could be yet another hold up.
6-19-2017 Newshound/Intel Guru Mnt Goat So what have we heard lately? Mosul is not an issue. Really? Mosul fighting is an issue for any RV as long as ISIS resistance is still on Iraqi ground. The International Cards are more wide spread and functioning at different rates some as high as $3.71. Really? NO, NO, NO. Why would anyone in Iraq be paid at any “new rate”. A dinar is a dinar. ...the lower denominations...have not yet been launched. They want to get the RV done prior to the end of Ramadan. No – this is only a rumor and I know this not FACT! Ramadan has absolutely no impact on the RV...it doesn't matter when Ramadan starts or finishes. It's proven already to have nothing to do with the RV. It is my opinion we are still in a very good window for early summer for a rate change. Folks- we are very, very close.
6-19-2017 Newshound Guru Aggiedad77 IMO...we all have a good idea what is coming...we just don't know when...or for how much...Why...because we don't give dates or rates...pray that a new journey is on the horizon for you and will be all over you before you know it.....the BEST is coming.....it can be felt in so many ways...be ready...
6-19-2017 Newshound Guru Enorrste [Guru] Mike ...according to Keywords the "reserves" are $47 to $49 billion while you say they are $40 billion. That's a big difference. Also, Keywords says this...: "the amount of foreign currency reserves in the bank exceeds the amount of local currency in Iraqi dinars." Therefore, the money supply must be less than $47 to $49 billion, if Keywords is correct. He is quite specific in the quote above. The Gross Foreign Assets number I quoted is directly on the CBI website under Statistics then under Key Financial Indicators. This is an Excel spreadsheet... The numbers are on line 48 and 49 under Net Foreign Assets and Gross Foreign Assets. Belittling Saleh is a straw man argument. Neither he nor anyone on this forum claims that the dinar NOW is a world reserve currency. Therefore, putting that statement in his mouth and then knocking it down is moot, since he has never stated it. [Reference Guru mike post 6-19-2017...will this spirited debate continue?]
6-19-2017 Newshound Guru Peggy68 I feel CBI removed their first 0 on March 29th and they removed the other 2 (00’s) June 11th. In my opinion, all three 000’s have been removed and with all my heart and soul...that we are waiting for the next great event to come very soon. By the way Wednesday June 14th had a rate in the $2 range. IMO we could see a rate between now and the latest on Forex June 26th.
6-19-2017 Newshound Guru mike Saleh has said a lot of inaccurate things over years, we had a lengthy debate about this in 2015, he has problems with the facts. The facts are that Iraq has roughly 60 trillion dinars, or say $52 billion dollars and the reserves are, according to Keywords, between $47-$49 billion. Additionally, the IQD, no matter what Saleh states, doesn't even sniff the criteria for a hard currency like the dollar, yen, euro and pound. Here's a snip, Iraq has none of the requirements, zero. Iraq's reserves do not cover outstanding M0 cash. Candidly, I've read where the reserves are at $42 billion... I would also add that Gross Foreign Assets, or Net Foreign Assets are not the same as hard currency reserves, they encompass two different accounting procedures. Let me now if you can find one economist or currency expert outside of the GOI that will support the idea that the dinar is or will be in the near future considered a hard currency. I've looked and can't find one. [reference Guru Enorrste's post 6-18-2017....stay tuned for more of this spirited debate]
6-19-2017 Newshound/Intel Guru Mnt Goat Article: "Iran should stop interfering in Iraq, Iraqi VP Allawi says" Quote: "Iraqi leaders hope to restore control over all Iraqi territory, defeating Islamic State, before an election due by the middle of next year." A very significant statement here by Allawi...if we don’t get the RV before these elections there could be yet another hold up.
6-18-2017 Newshound Guru MilitiaMan Article: "Urgent ..anaba besieged Al-Nouri mosque four views and expectations of the announcement of the restoration of Mosul during the hours of" Quote: "After fierce battles waged against al - Daesh in the right side of the city of Mosul , security forces were able to besiege Al - Nouri mosque from four sides. Military sources said it expects the declaration of the restoration of Mosul over the next few hours ... follow" Right on time imo. The fall of Daesh coinciding with MR being completed and activated is purely evident in the plan of Marshal Iraq.
6-18-2017 Newshound Guru Enorrste ...In February of 2014 he [CBI's Saleh] said this: He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar.” Admittedly he is looking to the future when he makes these statements. However, he is a member of the planet and an economist. Thus... "There isn't an economist or currency evaluator on the planet that states Iraq is or will be the strongest currency in the world" is a bit of hyperbole. The dinars used to purchase foreign currency go directly to the CBI from the banks, since the banks have to get the foreign currency from the CBI in exchange for the dinars. Therefore, no one is saying that it "go[es] back to the banks to begin the cycle all over again." [reference Guru mike's post 6-17-2017....stay tuned for more of this spirited debate] [post 2 of 2]
6-18-2017 Newshound Guru Enorrste According to the CBI website the Gross Foreign Assets at the CBI as of May 25, 2017 totaled $53.4 billion. Saleh has stated more than once that the dinar is or will be one of the strongest currencies in the world and a reserve currency: "Saleh said the Agency (news) said on Saturday: The dinar today has become a strong and like a hard currency through the Bank’s policy Central control of the cash raised in the local market. He explained: that the dinar covered in hard currency at a rate of more than (100%), and this rare condition, and has a cash reserve large hard currency than for (60) billion dollars retained by the face of difficult circumstances that may occur in the country, giving the power of the dinar against foreign currency. This statement was made in 2012 but he has reiterated it several times. [post 1 of 2....stay tuned]
6-18-2017 Newshound Guru MilitiaMan There is data out there that looks to suggest that financial institutions and money exchangers were told there will be an announcement, submission and deposits to that effect at the central bank if Iraq on specific dates this next week. If that data is true and is lining up to be on time it fully supports and is in line with the UNSC documents that the escrow funds will be completed before the end of the month. Thus the portion of Chapter 7 regarding Monterey policy will be over and the new 2018 - 2022 plan is to be then implemented. In other words have your act in order. May I suggest a nice cool glass of water and an aspirin before bed? Lol we don't need any UN wanted heart attacks or strokes when this goes live... Cuz...it is about to breathe! IMHO. [post 2 of 2]
6-18-2017 Newshound Guru MilitiaMan Article: "Look at the general framework of the National Development Plan 2018 - 2022" I presume everyone realizes what this means. We know specifically that the 2016 - 2020 plan was about preparing to be a market economy. This is about the plan to manage, by implementing and activating the market economy with impartiality, transparency, lack of nepotism and monopolies. They want it done smartly with the people and government being on a level playing field. The key take away imo is they finished the MRs and now are prepared to activate and manage them. The UNSC document put out two weeks ago explicitly tells us they are going to close the escrow on the oil for food program. Effectively once that is done they will be out from under Chapter 7 which includes having ended the MCPs and lifting of the three zeros while going into the international stage with the new value of the IQD. [post 1 of 2....stay tuned]
6-18-2017 Newshound Guru Enorrste ...In February of 2014 he [CBI's Saleh] said this: He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar.” Admittedly he is looking to the future when he makes these statements. However, he is a member of the planet and an economist. Thus... "There isn't an economist or currency evaluator on the planet that states Iraq is or will be the strongest currency in the world" is a bit of hyperbole. The dinars used to purchase foreign currency go directly to the CBI from the banks, since the banks have to get the foreign currency from the CBI in exchange for the dinars. Therefore, no one is saying that it "go[es] back to the banks to begin the cycle all over again." [reference Guru mike's post 6-17-2017....stay tuned for more of this spirited debate] [post 2 of 2]
6-18-2017 Newshound Guru Enorrste According to the CBI website the Gross Foreign Assets at the CBI as of May 25, 2017 totaled $53.4 billion. Saleh has stated more than once that the dinar is or will be one of the strongest currencies in the world and a reserve currency: "Saleh said the Agency (news) said on Saturday: The dinar today has become a strong and like a hard currency through the Bank’s policy Central control of the cash raised in the local market. He explained: that the dinar covered in hard currency at a rate of more than (100%), and this rare condition, and has a cash reserve large hard currency than for (60) billion dollars retained by the face of difficult circumstances that may occur in the country, giving the power of the dinar against foreign currency. This statement was made in 2012 but he has reiterated it several times. [post 1 of 2....stay tuned]
6-18-2017 Newshound Guru MilitiaMan There is data out there that looks to suggest that financial institutions and money exchangers were told there will be an announcement, submission and deposits to that effect at the central bank if Iraq on specific dates this next week. If that data is true and is lining up to be on time it fully supports and is in line with the UNSC documents that the escrow funds will be completed before the end of the month. Thus the portion of Chapter 7 regarding Monterey policy will be over and the new 2018 - 2022 plan is to be then implemented. In other words have your act in order. May I suggest a nice cool glass of water and an aspirin before bed? Lol we don't need any UN wanted heart attacks or strokes when this goes live... Cuz...it is about to breathe! IMHO. [post 2 of 2]
6-18-2017 Newshound Guru MilitiaMan Article: "Look at the general framework of the National Development Plan 2018 - 2022" I presume everyone realizes what this means. We know specifically that the 2016 - 2020 plan was about preparing to be a market economy. This is about the plan to manage, by implementing and activating the market economy with impartiality, transparency, lack of nepotism and monopolies. They want it done smartly with the people and government being on a level playing field. The key take away imo is they finished the MRs and now are prepared to activate and manage them. The UNSC document put out two weeks ago explicitly tells us they are going to close the escrow on the oil for food program. Effectively once that is done they will be out from under Chapter 7 which includes having ended the MCPs and lifting of the three zeros while going into the international stage with the new value of the IQD. [post 1 of 2....stay tuned]
6-17-2017 Intel Guru Delta [Why is the CBI training new personnel in July (July 2 to 20th)?] They will need more employees. IMO -- They are ramping up. Business inside of Iraq will increase. Article 8 will help with everything increasing. They are expecting more and more business coming to Iraq.
6-17-2017 Newshound Guru mike What Iraq needs to do is abandon the centralized, socialist economic model and embrace the 21st century. Get the banks up to snuff so they're used for more than a currency trader, pass the economic laws and champion the open market economy. The Balassa-Samuelson effect is what raises the value of the currency, not the tweaking of the sale of foreign currency purchases. IMO.
6-17-2017 Newshound/Intel Guru Mnt Goat Articles: From 2013 - "3 zeros canceled by the Central Bank of Iraq" Fast Forward 2017 - "CBI Governor Supports Deleting the Zeroes" let’s...look at what the CBI told us last about the project to delete the zeroes. ...one article is from the GOI (finance commission) and the other from the Central Bank of Iraq (CBI). ...they are both support this move in currency reform. The second article from 2017 does not say anything about an RV in the beginning of 2017, but rather says it is “expected to start with the beginning of 2017”. But what does this statement mean? It means they expected to start the process, but later in April we read another article from the finance committee telling us they “postponed” the start timeframe until further notice... “postponed until further notice” sometime in the future. That’s is where we stand. The CBI has not told us anything else since. So have we now heard from the CBI they are continuing? NO! A BIG fat NO! No one will know the date or rate!
6-17-2017 Intel Guru Bluwolf The go for this has been given!! The number is now to fluidly be released. The new bills are to be devailed. [revealed?] The 7 trillion dinars are to be exchanged at the highest rate permitted by Potus. The go for this has been given. The Zim, dinar and dong are holding high values in both screens (front and back).
6-17-2017 Newshound Guru mike ...in 2015 Iraq had roughly $59 billion in reserves, but two and half years later it's roughly $40 billion, Iraq has been cannibalizing the reserves to prop up the deficit in the budget. There are numerous articles...that speak to the reduced reserves. I would strongly disagree that the dinar is, or will be in 20 years, the strongest currency in the world. Things like security, political stability, growing economy and interest rates are just some of the factors, Iraq has none of that. Their currency is artificially supported by a peg and even with that, the market rate exceeds the required 2% band the IMF requires for Iraq to take the next step to Article VIII. There isn't an economist or currency evaluator on the planet that states Iraq is or will be the strongest currency in the world, it's going to be years before they're even considered. But, that's not bad news, that's great news for us, it's why I got into the dinar in the first place. It's at the bottom. There's nowhere to go but up.
6-17-2017 Intel Guru Frank26 What is the new purpose of auctions...(piggyback). IMO – it’s because they are about to go international.
6-17-2017 Intel Guru Delta ...there are about 5 benchmarks they must comply with (with the IMF) to go International. This should make you more and more happy! The World Bank, IMF, US Treasury...they are very strict! Iraq is just waiting to go international.
6-17-2017 Newshound Guru mike What Iraq needs to do is abandon the centralized, socialist economic model and embrace the 21st century. Get the banks up to snuff so they're used for more than a currency trader, pass the economic laws and champion the open market economy. The Balassa-Samuelson effect is what raises the value of the currency, not the tweaking of the sale of foreign currency purchases. IMO.
6-17-2017 Newshound/Intel Guru Mnt Goat Articles: From 2013 - "3 zeros canceled by the Central Bank of Iraq" Fast Forward 2017 - "CBI Governor Supports Deleting the Zeroes" let’s...look at what the CBI told us last about the project to delete the zeroes. ...one article is from the GOI (finance commission) and the other from the Central Bank of Iraq (CBI). ...they are both support this move in currency reform. The second article from 2017 does not say anything about an RV in the beginning of 2017, but rather says it is “expected to start with the beginning of 2017”. But what does this statement mean? It means they expected to start the process, but later in April we read another article from the finance committee telling us they “postponed” the start timeframe until further notice... “postponed until further notice” sometime in the future. That’s is where we stand. The CBI has not told us anything else since. So have we now heard from the CBI they are continuing? NO! A BIG fat NO! No one will know the date or rate!
6-17-2017 Intel Guru Bluwolf The go for this has been given!! The number is now to fluidly be released. The new bills are to be devailed. [revealed?] The 7 trillion dinars are to be exchanged at the highest rate permitted by Potus. The go for this has been given. The Zim, dinar and dong are holding high values in both screens (front and back).
6-17-2017 Newshound Guru mike ...in 2015 Iraq had roughly $59 billion in reserves, but two and half years later it's roughly $40 billion, Iraq has been cannibalizing the reserves to prop up the deficit in the budget. There are numerous articles...that speak to the reduced reserves. I would strongly disagree that the dinar is, or will be in 20 years, the strongest currency in the world. Things like security, political stability, growing economy and interest rates are just some of the factors, Iraq has none of that. Their currency is artificially supported by a peg and even with that, the market rate exceeds the required 2% band the IMF requires for Iraq to take the next step to Article VIII. There isn't an economist or currency evaluator on the planet that states Iraq is or will be the strongest currency in the world, it's going to be years before they're even considered. But, that's not bad news, that's great news for us, it's why I got into the dinar in the first place. It's at the bottom. There's nowhere to go but up.
6-17-2017 Intel Guru Frank26 What is the new purpose of auctions...(piggyback). IMO – it’s because they are about to go international.
6-17-2017 Intel Guru Delta ...there are about 5 benchmarks they must comply with (with the IMF) to go International. This should make you more and more happy! The World Bank, IMF, US Treasury...they are very strict! Iraq is just waiting to go international.
6-16-2017 Intel Guru RayRen98 Based on all the information I have received from multiple sources, private and public, I will share with what I believe. Starting with the US, I am led to believe that the authorization is in place for this RV to start as of Wednesday. Iraqi television has said that Iranians in Iraq are blocking the reforms. The banks there have been closed from yesterday to tomorrow, and international cards are functioning, some at rates as high as $3.71. AT the mosques, Iraqis are being told their back and future payments will commence on Sunday, based on the new rates. I do believe all that, based on what I am hearing. Information in Mosul? That’s all just window-dressing. We’re just waiting, hour by hour.
6-16-2017 Newshound Guru Stryker Why would they stop posting the market rates in the C.B.I. Foreign Exchange Auction chart and then over 90 days later make a new sell and buy chart called the Dollars Exchange Rate / in Baghdad Markets ( ID / USD$), after they stopped showing the remittance amounts and they stopped posting the details of the auctions themselves, even though the auctions are still going on? ...clue is in the title itself: The title to the new chart itself (Dollars Exchange Rate / in Baghdad Markets ( ID / USD$)) meaning that this new chart is just for the Baghdad Markets and will be used to compare it to other markets, hence the words: in Baghdad Markets. A big change is coming and we have stayed around long enough to take advantage of it!
6-16-2017 Newshound Guru Enorrste "The central bank prepares banks and transfer 25 million per month" ...the article makes it clear that "overarching corruption" is not an issue, at least with this part of their plan. This is a simple money supply reduction plan, in my view. It only takes the participation of foreign travelers and could have a significant affect overall. Furthermore, the number of foreign travelers can't be huge in relationship to the entire population, but it could be large in terms of the wealth of people in Iraq. In essence it is an appeal to the top, say, 20% of the people. I can't see how this won't have a positive affect on the dinar value and begin to draw the market rate in line with the official rate. [reference Guru Enorrste post 6-15-2017...posts 1 - 3]
6-16-2017 Newshound/Intel Guru Mnt Goat WOW! Mid June and still fighting ISIS. Who would have thought it would have taken three years already to dislodge ISIS? Article: "Iraq PM Abadi hails anti-ISIS quick victory" Quote: "Iraqi PM Haider Abadi said Sunday that none of the world leaders had dreamed such a quick victory against ISIS terror group, asserting that the banner of victory will soon be lifted." not yet but soon!
6-16-2017 Intel Guru Bruce Iraq has been doing some things like shipping oil, thru an arrangement with OPEC, to ship an unlimited amount of oil for 90 days, and that started a week ago. They have been shipping massive amounts of oil now, getting more income. All of these nations are taking order now of Iraqi oil. We took some in last night, 3 out of 8 tankers. How do we do that without knowing the price of the oil? That is the result of that agreement from years ago, coming thru. We understand that over the next 36-48 hours, we should receive 200 Million bbl of oil. That sets it up to establish a rate for the dinar...and a higher official rate should be posted on the CBI. When we combine that with what else we are hearing, it makes us appear to be in a very good place. A very good place for currency holders to begin to do their exchanges. We are almost at the end of the ride. [post 2 of 2]
6-16-2017 Intel Guru Bruce We are basically towards the end of this ride. My sources are my own...We get info direct from Iraq and other parts of the world. Years ago, you remember that the Dinar was set up to become an oil for credits trade situation...For the purchase of oil. US Treasury invested heavily in Iraq, in terms of war effort and regaining sovereignty. It has always about the oil as backing the value of the currency. Since then, we know that gold and other precious minerals have been abundant in middle east. Dinar was $3.22 when the value of oil was $18/bbl. Value of dinar has gone up with value of oil. We know that the Qi cards indicate that the value of the Dinar is 4-5 times the value of the USD. That price has gone up over months and days. [post 1 of 2....stay tuned]
6-16-2017 Newshound Guru Stryker Why would they stop posting the market rates in the C.B.I. Foreign Exchange Auction chart and then over 90 days later make a new sell and buy chart called the Dollars Exchange Rate / in Baghdad Markets ( ID / USD$), after they stopped showing the remittance amounts and they stopped posting the details of the auctions themselves, even though the auctions are still going on? ...clue is in the title itself: The title to the new chart itself (Dollars Exchange Rate / in Baghdad Markets ( ID / USD$)) meaning that this new chart is just for the Baghdad Markets and will be used to compare it to other markets, hence the words: in Baghdad Markets. A big change is coming and we have stayed around long enough to take advantage of it!
6-16-2017 Newshound Guru Enorrste "The central bank prepares banks and transfer 25 million per month" ...the article makes it clear that "overarching corruption" is not an issue, at least with this part of their plan. This is a simple money supply reduction plan, in my view. It only takes the participation of foreign travelers and could have a significant affect overall. Furthermore, the number of foreign travelers can't be huge in relationship to the entire population, but it could be large in terms of the wealth of people in Iraq. In essence it is an appeal to the top, say, 20% of the people. I can't see how this won't have a positive affect on the dinar value and begin to draw the market rate in line with the official rate. [reference Guru Enorrste post 6-15-2017...posts 1 - 3]
6-16-2017 Newshound/Intel Guru Mnt Goat WOW! Mid June and still fighting ISIS. Who would have thought it would have taken three years already to dislodge ISIS? Article: "Iraq PM Abadi hails anti-ISIS quick victory" Quote: "Iraqi PM Haider Abadi said Sunday that none of the world leaders had dreamed such a quick victory against ISIS terror group, asserting that the banner of victory will soon be lifted." not yet but soon!
6-16-2017 Intel Guru Bruce Iraq has been doing some things like shipping oil, thru an arrangement with OPEC, to ship an unlimited amount of oil for 90 days, and that started a week ago. They have been shipping massive amounts of oil now, getting more income. All of these nations are taking order now of Iraqi oil. We took some in last night, 3 out of 8 tankers. How do we do that without knowing the price of the oil? That is the result of that agreement from years ago, coming thru. We understand that over the next 36-48 hours, we should receive 200 Million bbl of oil. That sets it up to establish a rate for the dinar...and a higher official rate should be posted on the CBI. When we combine that with what else we are hearing, it makes us appear to be in a very good place. A very good place for currency holders to begin to do their exchanges. We are almost at the end of the ride. [post 2 of 2]
6-16-2017 Intel Guru Bruce We are basically towards the end of this ride. My sources are my own...We get info direct from Iraq and other parts of the world. Years ago, you remember that the Dinar was set up to become an oil for credits trade situation...For the purchase of oil. US Treasury invested heavily in Iraq, in terms of war effort and regaining sovereignty. It has always about the oil as backing the value of the currency. Since then, we know that gold and other precious minerals have been abundant in middle east. Dinar was $3.22 when the value of oil was $18/bbl. Value of dinar has gone up with value of oil. We know that the Qi cards indicate that the value of the Dinar is 4-5 times the value of the USD. That price has gone up over months and days. [post 1 of 2....stay tuned]
6-15-2017 Newshound Guru Peggy68 ...I was looking and reviewing all of the spread sheets together and I noticed different patterns...I found that matching up Iraq's working days on a calendar with the daily rates going backwards...the pattern had shown that on Mondays the rate was always at its highest and Wednesdays at its lowest most...The Auction spreadsheets had specific days that represented when things were done on a consistent basis inside the bank, such as their Maturity Dates were always on Wednesdays and their Settlement dates were always on Thursdays. There are 30 days between each month’s maturity and settlement dates all on the last Wednesday & Thursday of each month. On June 14th & 21st on one specific spreadsheet all transactions were marked CANCELLED for these day.
6-15-2017 Newshound Guru chattels June 5th is still the last entry date on the C.B.I. FOREIGN EXCHANGE AUCTIONS PDF.
6-15-2017 Newshound Guru Phillyman Article: "Officer says army took over Mosul’s Old City entrance, IS trapped" Quotes: "Harz added that the coming 48 hours will see forces invading the district." "Iraqi commanders have recently said that a few hundred IS fighters remained in the Old City, the group’s last refuge in western Mosul..." Very little news seen today and then we have this. Can't imagine the invasion into Old City coming without a great price to pay. Stay tuned.
6-15-2017 Newshound Guru Enorrste Next, even though they will be giving up reserves, they will also be reducing the money supply of dinars. Thus, ideally, they should still retain the strongest currency in the world in terms of reserves compared to money supply. So, for example, if the current money supply is 40 billion dinars and the reserves is $60 billion, then if they reduce the money supply to 30 billion dinars the reserves could fall to $45 billion and they would still have 150% coverage of their money supply. Finally, by putting it out front that the banks will be fined if they break the rules, the CBI is essentially forcing them to become "world bankers" who follow the big boy rules. This will set them up for the move to a floating dinar. [post 3 of 3]
6-15-2017 Newshound Guru Enorrste This will have two effects: first, it will put pressure on the market rate to come in line with the official rate. Why would I buy something with 1300 dinar if I could get it for 1160 dinar by simply converting to dollars first (or Euros, etc.). This will stabilize the market rate immediately and begin to bring it in line with the official rate. Second, the exchange of foreign currency for dinars will allow the CBI to destroy the dinars turned in (admittedly for a similar draw down on their reserves, however). The result will put similar pressure on the market rate to begin to bring it in line with the official rate. Of course the exchange will be monitored and limited so that reserves don't disappear. The CBI has ample reserves in comparison to the current money supply of dinars. They could afford to give up even 1/3 of their reserves and still have over 100% coverage of their money supply. ...this is a prudent and simple way to draw down the money supply without affecting day to day commerce...because they will be exchanging with "travelers," people who are doing so not for daily commerce but to go to a foreign country and spend the foreign currency. This will therefore have no affect on liquidity within the country. [post 2 of 3....stay tuned]
6-15-2017 Newshound Guru Enorrste Article: "The central bank prepares banks and transfer 25 million per month" Here is my take on this important development. It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem. However, they are still putting some limits on the exchange (dinars for foreign currency). Furthermore...the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency. This means that they will be forced to give the foreign currency at the official rate rather than the market rate. As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate. [post 1 of 3....stay tuned]
6-15-2017 Intel Guru RayRen98 [Do you think it will get out of this month?] Sure, I think it will happen this month... As far as Iraq is concerned we can only depend on what they tell their people, and what they do. ...They keep saying they will have reconciliation at the end of Ramadan, and they have been conditioning their citizens for the cashless society, so that they can revalue with a keystroke... Iraq told their people ‘liberation of Mosul’, and now we’re waiting for the formal announcement although we all know Mosul is liberated. They may hold that announcement until the end of Ramadan. They are saying at that point everything will be hunky-dory, and citizens will love their neighbors, their money, and their country!
6-15-2017 Intel Gurus Frank26 & Delta [What are they doing with the auctions?] We believe they are piggy-backing them for the end of the month – when we expect them to stop. Extra auctions...just in case! It looks like now that these systems in automated...buying and selling is easier/faster. The results of the auctions are coming way-before they used too. The CBI has done a tremendous job on their system and they are ready at a moments notice. The CBI and Allaq...he stated that the auctions are transitional. That’s like a caterpillar turning into a butterfly. We believe that the MR will travel at the speed of light – and now that their equipment can travel at the speed of light...this is obvious what they are preparing to do. IMO – their system is the latest available...perhaps faster than what we have in the USA. This “program rate” is limping on this “high-tech” system. They are preparing for a revaluation – again in my opinion.
6-15-2017 Intel Guru ADMINBILL IRAQ APPEARS TO BE CLEANING UP POCKETS OF RESISTANCE. STABILITY IN IRAQ APPEARS TO BE CLOSE AT HAND. [See latest Mosul Map below- 6-14-2017]
6-15-2017 Newshound Guru chattels June 5th is still the last entry date on the C.B.I. FOREIGN EXCHANGE AUCTIONS PDF.
6-15-2017 Newshound Guru Phillyman Article: "Officer says army took over Mosul’s Old City entrance, IS trapped" Quotes: "Harz added that the coming 48 hours will see forces invading the district." "Iraqi commanders have recently said that a few hundred IS fighters remained in the Old City, the group’s last refuge in western Mosul..." Very little news seen today and then we have this. Can't imagine the invasion into Old City coming without a great price to pay. Stay tuned.
6-15-2017 Newshound Guru Enorrste Next, even though they will be giving up reserves, they will also be reducing the money supply of dinars. Thus, ideally, they should still retain the strongest currency in the world in terms of reserves compared to money supply. So, for example, if the current money supply is 40 billion dinars and the reserves is $60 billion, then if they reduce the money supply to 30 billion dinars the reserves could fall to $45 billion and they would still have 150% coverage of their money supply. Finally, by putting it out front that the banks will be fined if they break the rules, the CBI is essentially forcing them to become "world bankers" who follow the big boy rules. This will set them up for the move to a floating dinar. [post 3 of 3]
6-15-2017 Newshound Guru Enorrste This will have two effects: first, it will put pressure on the market rate to come in line with the official rate. Why would I buy something with 1300 dinar if I could get it for 1160 dinar by simply converting to dollars first (or Euros, etc.). This will stabilize the market rate immediately and begin to bring it in line with the official rate. Second, the exchange of foreign currency for dinars will allow the CBI to destroy the dinars turned in (admittedly for a similar draw down on their reserves, however). The result will put similar pressure on the market rate to begin to bring it in line with the official rate. Of course the exchange will be monitored and limited so that reserves don't disappear. The CBI has ample reserves in comparison to the current money supply of dinars. They could afford to give up even 1/3 of their reserves and still have over 100% coverage of their money supply. ...this is a prudent and simple way to draw down the money supply without affecting day to day commerce...because they will be exchanging with "travelers," people who are doing so not for daily commerce but to go to a foreign country and spend the foreign currency. This will therefore have no affect on liquidity within the country. [post 2 of 3....stay tuned]
6-15-2017 Newshound Guru Enorrste Article: "The central bank prepares banks and transfer 25 million per month" Here is my take on this important development. It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem. However, they are still putting some limits on the exchange (dinars for foreign currency). Furthermore...the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency. This means that they will be forced to give the foreign currency at the official rate rather than the market rate. As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate. [post 1 of 3....stay tuned]
6-15-2017 Intel Guru RayRen98 [Do you think it will get out of this month?] Sure, I think it will happen this month... As far as Iraq is concerned we can only depend on what they tell their people, and what they do. ...They keep saying they will have reconciliation at the end of Ramadan, and they have been conditioning their citizens for the cashless society, so that they can revalue with a keystroke... Iraq told their people ‘liberation of Mosul’, and now we’re waiting for the formal announcement although we all know Mosul is liberated. They may hold that announcement until the end of Ramadan. They are saying at that point everything will be hunky-dory, and citizens will love their neighbors, their money, and their country!
6-15-2017 Intel Gurus Frank26 & Delta [What are they doing with the auctions?] We believe they are piggy-backing them for the end of the month – when we expect them to stop. Extra auctions...just in case! It looks like now that these systems in automated...buying and selling is easier/faster. The results of the auctions are coming way-before they used too. The CBI has done a tremendous job on their system and they are ready at a moments notice. The CBI and Allaq...he stated that the auctions are transitional. That’s like a caterpillar turning into a butterfly. We believe that the MR will travel at the speed of light – and now that their equipment can travel at the speed of light...this is obvious what they are preparing to do. IMO – their system is the latest available...perhaps faster than what we have in the USA. This “program rate” is limping on this “high-tech” system. They are preparing for a revaluation – again in my opinion.
6-15-2017 Intel Guru ADMINBILL IRAQ APPEARS TO BE CLEANING UP POCKETS OF RESISTANCE. STABILITY IN IRAQ APPEARS TO BE CLOSE AT HAND. [See latest Mosul Map below- 6-14-2017]
6-14-2017 Newshound Guru Kaperoni Article: "The central bank prepares banks and transfer 25 million per month" Sounds to me like they are at a point where the banking system is doing a good job monitoring transactions so they are preparing to liberalize access to foreign currency more...great news if true.
6-14-2017 Intel Guru RayRen98 Everything is all quiet. Citizens are still being told ‘reconciliation that the end of Ramadan’, and then there is a three-day holiday, which takes us to the end of the month. Everything is still saying the end of the month... People were looking for something to happen yesterday in Iraq, but I didn’t get too excited about it, because we keep reading material about ‘after Ramadan’. But if it happens today, that would not surprise me. For me, the next window is after Ramadan, because that’s what Iraq is saying to their people. It’s inevitable; we just don’t know the exact minute, hour, day, or week. However, we do believe it’s coming.
6-14-20 17 Intel Guru Bruce When it comes to Iraq in the in-country rate of the dinar we have seen there a major increase in the value and rate of the dinar. Everything seems to be to the point where they have done what they said they needed to do. There were a number of arrests in large number of banks over there where they actually made arrests in many of the banks over 800 and had people all ready to come in to take their place... This is something we heard...occurred and believe it did happen. There were number of other arrests made from Iraq’s Parliament that took place as well. A lot of cleanup continues. Well over 1100 indictments for Maliki came down. Just a lot in terms of what is moving Iraq forward. We do believe everything is as it should be over there. We believe here there have been some proceedings that have taken place would allow us to move forward in this whole blessing. We think it is still coming fairly shortly here. We can’t really call it for a particular date. I have heard some really good news about the next couple of days. I feel very good where we are. [post 2 of 2]
6-14-2017 Newshound Guru mike Article: "More than 100 IS fighters attack Iraqi forces in Mosul" ISIL is still attacking and on the offensive, they aren't going to give up, Iraqi forces are going to have to kill every one of them before the old city is freed and Mosul has taken care of it's infestation problem. There are no timelines for this kind of warfare, it's going to be even more difficult from here on out. [See the latest Mosul Map below]
6-14-2017 **** Dinar Guru News Update **** Below is the latest Mosul map. The GREEN areas are Iraqi forces controlled. The light and dark GREY areas are ISIS controlled. The RED areas are the front-lines and ongoing battles. Stay tuned as this developing story unfolds...
6-14-2017 Intel Guru RayRen98 Everything is all quiet. Citizens are still being told ‘reconciliation that the end of Ramadan’, and then there is a three-day holiday, which takes us to the end of the month. Everything is still saying the end of the month... People were looking for something to happen yesterday in Iraq, but I didn’t get too excited about it, because we keep reading material about ‘after Ramadan’. But if it happens today, that would not surprise me. For me, the next window is after Ramadan, because that’s what Iraq is saying to their people. It’s inevitable; we just don’t know the exact minute, hour, day, or week. However, we do believe it’s coming.
6-14-20 17 Intel Guru Bruce When it comes to Iraq in the in-country rate of the dinar we have seen there a major increase in the value and rate of the dinar. Everything seems to be to the point where they have done what they said they needed to do. There were a number of arrests in large number of banks over there where they actually made arrests in many of the banks over 800 and had people all ready to come in to take their place... This is something we heard...occurred and believe it did happen. There were number of other arrests made from Iraq’s Parliament that took place as well. A lot of cleanup continues. Well over 1100 indictments for Maliki came down. Just a lot in terms of what is moving Iraq forward. We do believe everything is as it should be over there. We believe here there have been some proceedings that have taken place would allow us to move forward in this whole blessing. We think it is still coming fairly shortly here. We can’t really call it for a particular date. I have heard some really good news about the next couple of days. I feel very good where we are. [post 2 of 2]
6-14-2017 Newshound Guru mike Article: "More than 100 IS fighters attack Iraqi forces in Mosul" ISIL is still attacking and on the offensive, they aren't going to give up, Iraqi forces are going to have to kill every one of them before the old city is freed and Mosul has taken care of it's infestation problem. There are no timelines for this kind of warfare, it's going to be even more difficult from here on out. [See the latest Mosul Map below]
6-14-2017 **** Dinar Guru News Update **** Below is the latest Mosul map. The GREEN areas are Iraqi forces controlled. The light and dark GREY areas are ISIS controlled. The RED areas are the front-lines and ongoing battles. Stay tuned as this developing story unfolds...
6-14-2017 Intel Guru Bruce In Iraq what we are hearing from people who are in country that they have begun their celebrations during Ramadan, for the release of Chapter 7 which has already been released. That was on Friday that they were released by the United Nations and given over to Chapter 8. They started their celebration on Saturday being with Liberation Day, and Monday Celebration Day. Liberation day was a day that indicated a new start of sovereignty, a return to the Iraq of old in terms of being a sovereign nation again that resulted from the release of Chapter 7. It also had to do with the liberation of Mosul which was liberated weeks ago. They already had done the house to house cleansing to rid Mosul of ISIS. People have seen some things in the news talking about the liberation of Mosul not being complete. It has been complete. [post 1 of 2....stay tuned]
6-14-2017 Newshound Guru MilitiaMan Everything points to end game and we have known this now since the UNSC Doc hit a week ago this last Friday. Nothing has changed that position...sooner than later.
6-14-2017 Newshound Guru Peggy68 [New Guru] My thoughts, IRAQ has escrow accounts from every country in the world that they can get from now til June 30th, but they need that rate 1st! Lots of High End officials will be Iraq tomorrow, IMF is giving them another 38 Million or Billion I believe tomorrow or after they post a rate, too much reading brain overload...International contracts were put out for bids and the application deadlines for most were June 11th...they are ready to get to work! 5 events dominate the global markets next week...Investors around the world await a number of important events over the next week, amid special attention to policy decisions of cash in several countries. If it doesn't happen this week it's the end of the month! But I still feel we will see the International Rate announced this week and on Forex 13th-16th June! I know it could go anywhere between now & 30th but I think the above is possible. International Rate here we come.
6-14-2017 Newshound Guru MilitiaMan Everything points to end game and we have known this now since the UNSC Doc hit a week ago this last Friday. Nothing has changed that position...sooner than later.
6-14-2017 Newshound Guru Peggy68 [New Guru] My thoughts, IRAQ has escrow accounts from every country in the world that they can get from now til June 30th, but they need that rate 1st! Lots of High End officials will be Iraq tomorrow, IMF is giving them another 38 Million or Billion I believe tomorrow or after they post a rate, too much reading brain overload...International contracts were put out for bids and the application deadlines for most were June 11th...they are ready to get to work! 5 events dominate the global markets next week...Investors around the world await a number of important events over the next week, amid special attention to policy decisions of cash in several countries. If it doesn't happen this week it's the end of the month! But I still feel we will see the International Rate announced this week and on Forex 13th-16th June! I know it could go anywhere between now & 30th but I think the above is possible. International Rate here we come.
6-13-2017 Newshound Guru Phillyman Article: "ISIS Leader Abu Bakr al-Baghdadi killed in Syria: State TV" Still no confirmed reports of his death apart from Syria state television but I find it interesting that the above article throws out the crazy rumor about him. Maybe IS is having a hard time confirming his whereabouts and had to put something out to cover themselves.
6-13-2017 Intel Guru Delta [...why would other counties want to do business with Iraq and only be paid in IQD...] When Iraq goes international ...we all know they have potential. Iraq knows they have potential and they are getting there. Companies are not looking to participate from a currency revalue standpoint...they are looking at the revenue for 20-30 years. They are looking at capital. They want to help with the rebuilding of Iraq.
6-13-2017 Newshound Guru Kaperoni Article: "Investment Authority: The current year will see the implementation of a thousand projects in 10 productive sectors " ...pretty grand expectations...they better get to work.
6-13-2017 Newshound Guru MadDScout Article: "The Association of Private Banks appoints a temporary chairman" Quote: "the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits..." I like this one because it speaks to internal house cleaning...House cleaning within the banking association. It says that eventually being corrupt will be of no gain.
6-13-2017 Intel Guru Frank26 I am VERY pleased with the LAVA-FLOW of the IQD. No one is talking about 2018. Allaq is not talking about 2018. It’s obvious to see what they are doing. Allaq wants to keep everyone informed, but he is NOT talking about 2018. That is VERY encouraging.
6-13-2017 Intel Guru Delta I believe that the corruption issues are more important than the Mosul issues at the current time. All of this leads to the dropping of the 3 zeros. Waiting for Mosul to be announced – that should happen very soon. Only certain areas in Iraq are not yet done. Very small areas. Not much left to do. The end of Ramadan and the liberation of Mosul could happen at the same time. We should be getting more information from the CBI. We have a target from now until July. July at the latest – but I am expecting it sooner. The IMF – they want to see compliance. Abadi wants to go international – so maybe...12-14 days (2 weeks). There is a group of people that don’t want this to happen – but this time...IT’S NOT GOING TO WORK! The CBI is doing a tremendous job. ...(USA) is done giving them money and any more leeway. The time has come – this is the end.
6-13-2017 Intel Guru Delta [...why would other counties want to do business with Iraq and only be paid in IQD...] When Iraq goes international ...we all know they have potential. Iraq knows they have potential and they are getting there. Companies are not looking to participate from a currency revalue standpoint...they are looking at the revenue for 20-30 years. They are looking at capital. They want to help with the rebuilding of Iraq.
6-13-2017 Newshound Guru Kaperoni Article: "Investment Authority: The current year will see the implementation of a thousand projects in 10 productive sectors " ...pretty grand expectations...they better get to work.
6-13-2017 Newshound Guru MadDScout Article: "The Association of Private Banks appoints a temporary chairman" Quote: "the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits..." I like this one because it speaks to internal house cleaning...House cleaning within the banking association. It says that eventually being corrupt will be of no gain.
6-13-2017 Intel Guru Frank26 I am VERY pleased with the LAVA-FLOW of the IQD. No one is talking about 2018. Allaq is not talking about 2018. It’s obvious to see what they are doing. Allaq wants to keep everyone informed, but he is NOT talking about 2018. That is VERY encouraging.
6-13-2017 Intel Guru Delta I believe that the corruption issues are more important than the Mosul issues at the current time. All of this leads to the dropping of the 3 zeros. Waiting for Mosul to be announced – that should happen very soon. Only certain areas in Iraq are not yet done. Very small areas. Not much left to do. The end of Ramadan and the liberation of Mosul could happen at the same time. We should be getting more information from the CBI. We have a target from now until July. July at the latest – but I am expecting it sooner. The IMF – they want to see compliance. Abadi wants to go international – so maybe...12-14 days (2 weeks). There is a group of people that don’t want this to happen – but this time...IT’S NOT GOING TO WORK! The CBI is doing a tremendous job. ...(USA) is done giving them money and any more leeway. The time has come – this is the end.
6-12-2017 Intel Guru RayRen98 We await more information about the celebrations – if it’s just the end of war, or if there are other things. They seem to have stretched out the celebrations. There are rumors of lower denominations. However, Iraq is telling the citizens that everything is being resolved at the end of Ramadan, which should be the 24th, although I’ve heard up to the 27th. That is the expected time for the full public release and everything. I believe some things may trickle out between now and then. [post 2 of 2]
6-12-2017 Intel Guru RayRen98 From the weekend update...Iraqi television showed troops celebrating privately, and there should be public celebrations today. Military leaders are claiming there are only two miles left for Mosul to be fully liberated. Today there are 1.5 districts left, supposedly, with a total of 1,000 terrorists in the old city. These were supposedly ‘end of war’ celebrations. The military is preparing for the last stand fight at the mosque, with 750 ISIL and 250 foreign fighters bunkered down. It’s the final stage, and Iraq is still calling for ‘national reconciliation’ after Ramadan. [post 1 of 2....stay tuned]
6-12-2017 Newshound Guru mike Article: "Classification of banks for the purpose of entering the sale of foreign currency window" Banking reforms come first, they need to insure Iraqi banks conform to international standards to prevent money laundering and support for terrorist organizations. Instead of prosecuting the corrupt, their trying to staunch the flow of dollars in the auctions by limiting them to reputable banks who "know their customers." Then currency reform will be implemented to support the open market economy.
6-12-2017 Newshound Guru Revbo [Today marks the 89th calendar day counting back to March 16 the CBI has not posted a market rate. Heres hoping it means something for all of us!] It also marks the fifth business day they have posted no auction at all on their spreadsheet.
6-12-2017 Newshound/Intel Guru BGG Article quote: "Mosul (IraqiNews.com) Iraqi troops took over a half of the last district held by the Islamic State near the Old City in western Mosul, an Iraqi officer was quoted saying on Sunday." I can't tell you how many calls I field in the last couple of weeks - people asking "but what about Ramadan"? Everyone was worried this would be delayed over the holiday. ...it would appear this answers the concern they wouldn't do any fighting during Ramadan. ...I don't think Ramadan is an issue at all - except that IMHO he wants it done then. I have a sneaky suspicion Abadi wants a Ramadan announcement of complete victory...IMHO.
6-12-2017 Newshound/Intel Guru Mnt Goat ...But there is a caveat to this request from the UN. This caveat is that terrorism must be cleaned out of Iraq. So what does this mean? This means Abadi is targeting way before the end of June to complete ISIS mission and so by this timeframe they can go ahead with lifting these sanctions. I really hate to use any date to pin point an RV timeframe but we are moving in the right direction. Until ISIS is defeated, Iraq controls it’s boarders and Iraq has a very good handle on SECURITY, thus making the country more STABLE, we will not see the project to delete the zeros resume which then leads us to our long anticipated RV. There are only two sources that I am concerned about and what they say and most importantly do. These sources are the Finance Committee of the government of Iraq (GOI) and the Central Bank of Iraq (CBI). The CBI has told us they will keep the citizens fully informed of the process and so far they have kept their word. So let’s hang on and see how this ball gets rolling once ISIS is “fully” defeated AND they tell us this is fact not rumored but FACT. [Post 2 of 2]
6-12-2017 Newshound/Intel Guru Mnt Goat ...my CBI contact told me unless we see the re-education of the process to delete the zeros begin again and the announcement from the CBI that they are going ahead with the project again there will be no lower denominations launched and thus NO significant increase in the value of the dinar. We know that UN Chapter VII financial sanctions from the 2003 war must be lifted “fully” prior to any major move in currency reform. Why would they lift them when the reason for them being placed on Iraq in the first place still exists? Let me tell you with all the corruption with the currency auctions, money laundering and counterfeit currency they are not about to do anything in this regards until Iraqi is rid of terrorism. The prime minister himself made an announcement in late April that the country is working with the IMF to have ALL Chapter VII sanctions lifted in 2 months. Yes - that is now the end of June or just prior. We await this news from the UN. Could it get any better? [post 1 of 2....stay tuned]
6-12-2017 Newshound/Intel Guru BGG [IMHO I THINK WE ARE BEING STRUNG ALONG, A TWEET CAME OUT SAID THAT HUNDREDS OF THOUSANDS OF IRAQI CITIZENS ARE RETURNING HOME. THE GOI AND CBI FOR WHATEVER REASON IS CONTINUING TO DELAY, FIRST ABADI SAID GIVE ME MOSUL AND YOU'LL HAVE ALL THE REFORMS! NOW MOSUL IS NOT ENOUGH HE WANTS ALL OF IRAQ! I JUST PRAY WE HAVE THE REFORMS BY THE END OF JUNE.] Abadi never said such a thing - in fact, he's not in charge of international support and acceptance. The IMF, WB and UN is [are?]. If anyone has anything to say along these lines - it's not Abadi. Nowhere has Abadi said he wants all of Iraq before he institutes monetary and currency reforms. In fact, just last week one article inferred they are already well into the process of monetary reform. These are documented facts.
6-12-2017 Newshound Guru MadDScout Article quote: "The Central Bank of Iraq has started since the beginning of this year to adopt specific benchmarks regarding the participation of banks in the window selling foreign currency (the dollar)," noting that "this comes after what nearly a year of preparation and consultation for the development of such standards as currently drafted..." They have not been "waiting" on Mosul...Back when they told us that the zero's were on hold "But" they were making forward movement on criteria... [...the comment NOT waiting on Mosul...what is that saying?] Although it is important, they are not sitting on their hind end waiting on anything...progress is daily. [See below for the latest Mosul Map]
6-12-2017 Intel Guru RayRen98 From the weekend update...Iraqi television showed troops celebrating privately, and there should be public celebrations today. Military leaders are claiming there are only two miles left for Mosul to be fully liberated. Today there are 1.5 districts left, supposedly, with a total of 1,000 terrorists in the old city. These were supposedly ‘end of war’ celebrations. The military is preparing for the last stand fight at the mosque, with 750 ISIL and 250 foreign fighters bunkered down. It’s the final stage, and Iraq is still calling for ‘national reconciliation’ after Ramadan. [post 1 of 2....stay tuned]
6-12-2017 Newshound Guru mike Article: "Classification of banks for the purpose of entering the sale of foreign currency window" Banking reforms come first, they need to insure Iraqi banks conform to international standards to prevent money laundering and support for terrorist organizations. Instead of prosecuting the corrupt, their trying to staunch the flow of dollars in the auctions by limiting them to reputable banks who "know their customers." Then currency reform will be implemented to support the open market economy.
6-12-2017 Newshound Guru Revbo [Today marks the 89th calendar day counting back to March 16 the CBI has not posted a market rate. Heres hoping it means something for all of us!] It also marks the fifth business day they have posted no auction at all on their spreadsheet.
6-12-2017 Newshound/Intel Guru BGG Article quote: "Mosul (IraqiNews.com) Iraqi troops took over a half of the last district held by the Islamic State near the Old City in western Mosul, an Iraqi officer was quoted saying on Sunday." I can't tell you how many calls I field in the last couple of weeks - people asking "but what about Ramadan"? Everyone was worried this would be delayed over the holiday. ...it would appear this answers the concern they wouldn't do any fighting during Ramadan. ...I don't think Ramadan is an issue at all - except that IMHO he wants it done then. I have a sneaky suspicion Abadi wants a Ramadan announcement of complete victory...IMHO.
6-12-2017 Newshound/Intel Guru Mnt Goat ...But there is a caveat to this request from the UN. This caveat is that terrorism must be cleaned out of Iraq. So what does this mean? This means Abadi is targeting way before the end of June to complete ISIS mission and so by this timeframe they can go ahead with lifting these sanctions. I really hate to use any date to pin point an RV timeframe but we are moving in the right direction. Until ISIS is defeated, Iraq controls it’s boarders and Iraq has a very good handle on SECURITY, thus making the country more STABLE, we will not see the project to delete the zeros resume which then leads us to our long anticipated RV. There are only two sources that I am concerned about and what they say and most importantly do. These sources are the Finance Committee of the government of Iraq (GOI) and the Central Bank of Iraq (CBI). The CBI has told us they will keep the citizens fully informed of the process and so far they have kept their word. So let’s hang on and see how this ball gets rolling once ISIS is “fully” defeated AND they tell us this is fact not rumored but FACT. [Post 2 of 2]
6-12-2017 Newshound/Intel Guru Mnt Goat ...my CBI contact told me unless we see the re-education of the process to delete the zeros begin again and the announcement from the CBI that they are going ahead with the project again there will be no lower denominations launched and thus NO significant increase in the value of the dinar. We know that UN Chapter VII financial sanctions from the 2003 war must be lifted “fully” prior to any major move in currency reform. Why would they lift them when the reason for them being placed on Iraq in the first place still exists? Let me tell you with all the corruption with the currency auctions, money laundering and counterfeit currency they are not about to do anything in this regards until Iraqi is rid of terrorism. The prime minister himself made an announcement in late April that the country is working with the IMF to have ALL Chapter VII sanctions lifted in 2 months. Yes - that is now the end of June or just prior. We await this news from the UN. Could it get any better? [post 1 of 2....stay tuned]
6-12-2017 Newshound/Intel Guru BGG [IMHO I THINK WE ARE BEING STRUNG ALONG, A TWEET CAME OUT SAID THAT HUNDREDS OF THOUSANDS OF IRAQI CITIZENS ARE RETURNING HOME. THE GOI AND CBI FOR WHATEVER REASON IS CONTINUING TO DELAY, FIRST ABADI SAID GIVE ME MOSUL AND YOU'LL HAVE ALL THE REFORMS! NOW MOSUL IS NOT ENOUGH HE WANTS ALL OF IRAQ! I JUST PRAY WE HAVE THE REFORMS BY THE END OF JUNE.] Abadi never said such a thing - in fact, he's not in charge of international support and acceptance. The IMF, WB and UN is [are?]. If anyone has anything to say along these lines - it's not Abadi. Nowhere has Abadi said he wants all of Iraq before he institutes monetary and currency reforms. In fact, just last week one article inferred they are already well into the process of monetary reform. These are documented facts.
6-12-2017 Newshound Guru MadDScout Article quote: "The Central Bank of Iraq has started since the beginning of this year to adopt specific benchmarks regarding the participation of banks in the window selling foreign currency (the dollar)," noting that "this comes after what nearly a year of preparation and consultation for the development of such standards as currently drafted..." They have not been "waiting" on Mosul...Back when they told us that the zero's were on hold "But" they were making forward movement on criteria... [...the comment NOT waiting on Mosul...what is that saying?] Although it is important, they are not sitting on their hind end waiting on anything...progress is daily. [See below for the latest Mosul Map]
6-11-2017 Newshound/Intel Guru Mnt Goat Article quote: "...it is contemplated to resort to an emergency government in Iraq, in the case could not be made scheduled for April 2018 general elections, or in the event of Prime Minister Haider al-Abadi failed to win qualifies him to stay another term in office." I fear that if this RV overflows into election timeframe coming up next year we could be in serious trouble if we have to go through this election saga again between Maliki and Abadi. Do I believe this RV saga will go into 2018? Absolutely NO! I am just saying “if” and what we might expect if it does.
6-11-2017 Intel Guru Dr. Clarke Are you PAST Ready? Here it is, June 11, 2017. Due to what WE see happening from JUNE 23rd onward, our guess is that, MASSIVE amounts of Money, will change hands in JULY...AFTER the 4th, to be sure. MASSIVE. There is a big SHOCKER, that nobody sees coming...give it about 2 weeks. It will Change the direction of EVERYTHING!...and it won’t be FAKE. You won’t Miss it. It will not be a “maybe”, for it will be unmistakable. The MASSIVE amounts of Money, that move in JULY, will be TINY, compared to the MASSIVE amounts that move in OCTOBER. Oh, we almost forgot... “ANYTHING can Happen, at ANY TIME”.
6-11-2017 Intel Guru Jester ALL THE THINGS WERE DECIDED AND ARE MOVING FORWARD...WE KNOW THEY ARE WORKING ON ONE MORE THING... WE ARE GUESSING AT WHAT IT IS SINCE WE ARE NOT IN CONTACT WITH ANYONE AT THAT HIGH OF A LEVEL THAT WAS IN THE ROOM AT THAT TIME... AND THEY ARE BEING VERY HUSH HUSH ABOUT WHAT THAT IS...I KNOW YOU ALL LIKE THIS TO BE OVER... IT IS NOT AS SIMPLE AS YOU THINK TO FIND THAT INFORMATION...WE HAVE GOOD CONTACTS TELLING US IF WHAT WE THINK IS IN THE RIGHT DIRECTION... THAT IS ALL... IT WOULD BE HANDY IF THEY WOULD GIVE US THE ANSWERS... LOL.
6-11-2017 Newshound/Intel Guru Mnt Goat To RV Iraq will need to step up their private sector and begin producing goods and services. They will have to work on raising their GDP (gross national product). These kinds of moves will drive the value of the currency up and stabilize the economy. I also want to remind everyone too that in late April Abadi said that he is working closely with the IMF and World Bank to get “fully” out of sanctions related to Chapter VII. Why would he say this if they were not still in Chapter VII sanctions? Why can’t they now just use their dinar to pay for imports of goods and services? BECAUSE THEY ARE STILL UNDER SANCTIONS. These sanctions will not be “fully’ lifted until the threat of ISIS and other terrorist no longer exists. This is why they put the sanctions in place to begin with. No peace, No lifting, No RV. So this too is very good news. But I would not hold my breath to look for an RV until these sanctions are “fully” lifted. [post 2 of 2]
6-11-2017 Newshound/Intel Guru Mnt Goat Article: "Ready to operate the “Iron and Steel” factory in Basra" Quote: "...The director of the iron and steel factory in the province of Basra, Abbas, said on Tuesday that his city will witness the end of next year, the creation of all the equipment for the operation of the iron and steel mill and melting of the scorpions, which was one of the largest factories in the Middle East." I can express how good this news is. It is WOW news! These are exactly the kinds of articles we hope to be reading at this point in time. Yes- the govt in very serious now in getting the economy rolling again. How does effect our long awaited RV? Remember to tie these kinds of articles to what we already know for FACT... [post 1 of 2....stay tuned]
6-11-2017 Intel Guru Dr. Clarke Are you PAST Ready? Here it is, June 11, 2017. Due to what WE see happening from JUNE 23rd onward, our guess is that, MASSIVE amounts of Money, will change hands in JULY...AFTER the 4th, to be sure. MASSIVE. There is a big SHOCKER, that nobody sees coming...give it about 2 weeks. It will Change the direction of EVERYTHING!...and it won’t be FAKE. You won’t Miss it. It will not be a “maybe”, for it will be unmistakable. The MASSIVE amounts of Money, that move in JULY, will be TINY, compared to the MASSIVE amounts that move in OCTOBER. Oh, we almost forgot... “ANYTHING can Happen, at ANY TIME”.
6-11-2017 Intel Guru Jester ALL THE THINGS WERE DECIDED AND ARE MOVING FORWARD...WE KNOW THEY ARE WORKING ON ONE MORE THING... WE ARE GUESSING AT WHAT IT IS SINCE WE ARE NOT IN CONTACT WITH ANYONE AT THAT HIGH OF A LEVEL THAT WAS IN THE ROOM AT THAT TIME... AND THEY ARE BEING VERY HUSH HUSH ABOUT WHAT THAT IS...I KNOW YOU ALL LIKE THIS TO BE OVER... IT IS NOT AS SIMPLE AS YOU THINK TO FIND THAT INFORMATION...WE HAVE GOOD CONTACTS TELLING US IF WHAT WE THINK IS IN THE RIGHT DIRECTION... THAT IS ALL... IT WOULD BE HANDY IF THEY WOULD GIVE US THE ANSWERS... LOL.
6-11-2017 Newshound/Intel Guru Mnt Goat To RV Iraq will need to step up their private sector and begin producing goods and services. They will have to work on raising their GDP (gross national product). These kinds of moves will drive the value of the currency up and stabilize the economy. I also want to remind everyone too that in late April Abadi said that he is working closely with the IMF and World Bank to get “fully” out of sanctions related to Chapter VII. Why would he say this if they were not still in Chapter VII sanctions? Why can’t they now just use their dinar to pay for imports of goods and services? BECAUSE THEY ARE STILL UNDER SANCTIONS. These sanctions will not be “fully’ lifted until the threat of ISIS and other terrorist no longer exists. This is why they put the sanctions in place to begin with. No peace, No lifting, No RV. So this too is very good news. But I would not hold my breath to look for an RV until these sanctions are “fully” lifted. [post 2 of 2]
6-11-2017 Newshound/Intel Guru Mnt Goat Article: "Ready to operate the “Iron and Steel” factory in Basra" Quote: "...The director of the iron and steel factory in the province of Basra, Abbas, said on Tuesday that his city will witness the end of next year, the creation of all the equipment for the operation of the iron and steel mill and melting of the scorpions, which was one of the largest factories in the Middle East." I can express how good this news is. It is WOW news! These are exactly the kinds of articles we hope to be reading at this point in time. Yes- the govt in very serious now in getting the economy rolling again. How does effect our long awaited RV? Remember to tie these kinds of articles to what we already know for FACT... [post 1 of 2....stay tuned]
6-10-2017 Newshound/Intel Guru Mnt Goat ...the upcoming scheduled celebrations we are now hearing about will not have anything to do or impact with the RV. We know that Eid-al-Fitr (End of Ramadan) date is Monday, June 26th. We know that their mind set is to have the next two weeks as liberation weeks with many events and activities throughout Iraq. I have to tell you they did NOT meet their June 10th goal of “full” liberation... No – we are not just waiting for a “public” announcement but for the liberation to be completed so they can legitimately and honestly make this “public” announcement. However for Ramadan, this year is different than most because they are celebrating both a liberation and Ramadan at the same time. I assure you both of these events will end at Eid-al-Fitr. It is at this point of Eid-al-Fitr we can expect to see a re-focus back to the currency reform. It is at this point I strongly believe the CBI is planning to reinstitute the re-education process of their plan to roll out the new currency, as needed. [post 2 of 2]
6-10-2017 Newshound/Intel Guru Mnt Goat The process of deleting the zeros must resume once again and we know for a fact the plan is for this to lead to an initial rate of around $1.00. How do we know this? We are only speculating of course on the rate, but it is a rate the CBI and the reports on the future state of the currency has stated many times and is most probable based on the FACTS we now know. We were told this will only occur when ISIS liberation is completed, the Iranian influence is gone to the extend they are no longer interfering in Iraqi politics, and they must move forward with the economy. In other words they need the Stability and Security to launch this new economy. [post 1 of 2....stay tuned]
6-10-2017 *** Dinar Guru News Update *** Below is the latest Mosul map. The GREEN areas are Iraqi GOI controlled. Less than 1% of Mosul is controlled by ISIS. The light and dark Grey area are ISIS controlled. Stay tuned as this developing story unfolds...
6-10-2017 Newshound/Intel Guru Mnt Goat The process of deleting the zeros must resume once again and we know for a fact the plan is for this to lead to an initial rate of around $1.00. How do we know this? We are only speculating of course on the rate, but it is a rate the CBI and the reports on the future state of the currency has stated many times and is most probable based on the FACTS we now know. We were told this will only occur when ISIS liberation is completed, the Iranian influence is gone to the extend they are no longer interfering in Iraqi politics, and they must move forward with the economy. In other words they need the Stability and Security to launch this new economy. [post 1 of 2....stay tuned]
6-10-2017 *** Dinar Guru News Update *** Below is the latest Mosul map. The GREEN areas are Iraqi GOI controlled. Less than 1% of Mosul is controlled by ISIS. The light and dark Grey area are ISIS controlled. Stay tuned as this developing story unfolds...
6-10-2017 Newshound Guru Phillyman Articles: "Maliki: the majority project will restore the political system vitality" ... "Maliki's coalition calls for "Gasta" Iraqi against the Gulf states" Sorry we have to keep seeing his name but he and his party are on a roll keeping themselves in the news...Hopefully he is contained as some believe and will go away eventually.
6-10-2017 Newshound Guru Kaperoni Article: "Vice: Central procedures put assessments of the banks will achieve the benefits of" Quote: "...the central bank measures in the development of assessments for banks represent a positive step and give multiple benefits, noting that the ratings currently approved came according to an agreement with international experts from the International Monetary Fund and the US Treasury." This is all in line with the recent articles from the CBI talking about the conditions set forth from the WB and IMF to clamp down on money laundering (I think they called it the grey area). This is great news as the CBI prepares for international acceptance.
6-10-2017 Newshound Guru Kaperoni Article: "Vice: Central procedures put assessments of the banks will achieve the benefits of" Quote: "...the central bank measures in the development of assessments for banks represent a positive step and give multiple benefits, noting that the ratings currently approved came according to an agreement with international experts from the International Monetary Fund and the US Treasury." This is all in line with the recent articles from the CBI talking about the conditions set forth from the WB and IMF to clamp down on money laundering (I think they called it the grey area). This is great news as the CBI prepares for international acceptance.
6-9-2017 Intel Guru RayRen98 We’ve been tracking everything. Let’s see what happens when the market closes. The 10th, tomorrow, is the anniversary of ISIL coming in (and going out). Some believe announcements will commence on the 10th for the full release. We have celebrations for the troops scheduled on June 12/13. Someone said that the UN rates are posted on the 15th, so some are looking at that date. Then there are no expected dates until the 30th. There is a rumor that dong will be revalued before the dinar, which will give us a great leveraging opportunity (if it happens). This ride is coming to an end, we just don’t know the exact date.
6-9-2017 Newshound Guru FrostyTheSnowman So let's just say that they want the new rate before budget is signed into law, would YOU want that done after the announcement if you are Abadi? Or would you want it done and visible to the populace before the Celebration on the 12th...So you can say "Hey Iraq, we are a sovereign people again. Here's what I have done for you, you now have food to buy, your streets are safe, the Daesh are gone, and are never coming back! Your borders are secure, you have internet, you have mobile banking, you have money, your money, and it's worth something! This is your Iraq! We are sovereign! It just seems to me that he announces everything at the same time...And everything is there and ready to go. [post 2 of 2]
6-9-2017 Newshound Guru FrostyTheSnowman IF things are on a roll, and IF "A" [Abadi ?] is where he wants to be. This is where my mind goes... So we see that things start to escalate quickly this week. It is interesting to me all of those documents by the CBI stating for contractors to start work regardless of what the Ministry of Finance is doing, hmmmmm. Then...on the 8th, CBI is telling MOF to get ready to start PAYING them. It's like they know something is coming...The budget perhaps? So I think...it was about a week ago that the budget was talked about, and the can was kicked down the road. A week. [post 1 of 2....stay tuned]
6-9-2017 Intel Guru Frank26 The FOREIGN EXCHANGE … do you know what that is? It’s the IQD exchange rate vs. the foreign exchange policy. They can’t say RV … they must use other words …
6-9-2017 Newshound MadDScout Article: "The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency" Najib is saying the "economy is heating up", and that the Parliament Economic Committee is in support of the strides the CBI has taken to organize and educate those banks taking part in the foreign currency sale, and this conducted in cooperation with the IMF... Najib confirmed that there were banks who had to rectify their situations, in order to stay a part of the currency sale. She is part of Economic Committee. In this way the Central Bank is moving forward on reform starting with the currency sale window. They are moving forward! I like that reform starts at "the currency window". These banks who are "rectifying" their situation are the exact type of institutions that were mentioned and bring the overall score down on that thing that is monetary reform. Rectification will help to move the wheel forward.
6-9-2017 Newshound Guru Adam Montana [...This does concern me as to how we could be safe in turning over our dinar to banks for proof of it being real.] Verifying the currency is as simple as using a De La Rue machine...
6-9-2017 Newshound Guru FrostyTheSnowman So let's just say that they want the new rate before budget is signed into law, would YOU want that done after the announcement if you are Abadi? Or would you want it done and visible to the populace before the Celebration on the 12th...So you can say "Hey Iraq, we are a sovereign people again. Here's what I have done for you, you now have food to buy, your streets are safe, the Daesh are gone, and are never coming back! Your borders are secure, you have internet, you have mobile banking, you have money, your money, and it's worth something! This is your Iraq! We are sovereign! It just seems to me that he announces everything at the same time...And everything is there and ready to go. [post 2 of 2]
6-9-2017 Newshound Guru FrostyTheSnowman IF things are on a roll, and IF "A" [Abadi ?] is where he wants to be. This is where my mind goes... So we see that things start to escalate quickly this week. It is interesting to me all of those documents by the CBI stating for contractors to start work regardless of what the Ministry of Finance is doing, hmmmmm. Then...on the 8th, CBI is telling MOF to get ready to start PAYING them. It's like they know something is coming...The budget perhaps? So I think...it was about a week ago that the budget was talked about, and the can was kicked down the road. A week. [post 1 of 2....stay tuned]
6-9-2017 Intel Guru Frank26 The FOREIGN EXCHANGE … do you know what that is? It’s the IQD exchange rate vs. the foreign exchange policy. They can’t say RV … they must use other words …
6-9-2017 Newshound MadDScout Article: "The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency" Najib is saying the "economy is heating up", and that the Parliament Economic Committee is in support of the strides the CBI has taken to organize and educate those banks taking part in the foreign currency sale, and this conducted in cooperation with the IMF... Najib confirmed that there were banks who had to rectify their situations, in order to stay a part of the currency sale. She is part of Economic Committee. In this way the Central Bank is moving forward on reform starting with the currency sale window. They are moving forward! I like that reform starts at "the currency window". These banks who are "rectifying" their situation are the exact type of institutions that were mentioned and bring the overall score down on that thing that is monetary reform. Rectification will help to move the wheel forward.
6-9-2017 Newshound Guru Adam Montana [...This does concern me as to how we could be safe in turning over our dinar to banks for proof of it being real.] Verifying the currency is as simple as using a De La Rue machine...
6-8-2017 Newshound/Intel Guru BGG Article: "The parliamentary economy supports the recent central bank measures to regulate the sale window of the currency" This piece is RICH with detail... Quote: "...classification of Bank central banks involved in the window selling currency step very good and its monetary reform", stating that "the Central Bank has taken these actions in coordination with foreign experts and particularly from the United States of America..." And it's monetary reform as the phrasing seems to indicate they are in the middle of the process. Now.
6-8-2017 Intel Guru Frank26 IOO – what we are seeing with the auctions is impressive with the IMF because it was agreed upon. The CBI...IOO... is trying to get all of the auctions in by June 30th to END ALL AUCTIONS! The one thing we are waiting for is for them to LIFT the 3 ZEROS – which lifts the exchange rate qualifications (Chapter 8). The agreement, phase, step...has been done. [Guru] Delta says that on Iraqi TV…it’s all over the screen…the CBI and IMF meeting and what’s in it for the citizens. The meeting also said that the RESERVES were much higher than the IMF predicted. I’ll admit the monetary reform is taking a long-time, but it is coming! The IMF doesn’t want Iraq to make any mistakes BEFORE or AFTER. THIS COULD HAPPEN AT ANY MOMENT! Don’t see any more talk of postponement...do you?
6-8-2017 Intel/Newshound Guru tman23 [Some one feels the RV won't happen & the dollar will end up being Iraqs currency...] Iraq is not going to ever go to the USD...You can bank on that! A certain amount of pressure is now coming from Kurdistan and the referendum... Barzani wanted the 3 zero removed August 2014 and had some serious statements about it...Kurds want to get the show on the road (economy)...They are in dire straights! And by a recent article...The CBI branch in Erbil goes FULL CBI July 1st...and Sulaimayia to follow shortly after...
6-8-2017 Intel Guru Frank26 I told you...once you have Mosul...(we’ve already got Mosul)...you would start to see things happen at the speed of light...and now you are! From the 2nd to the 9th – we said that some BIG information would be coming out. THIS IS IT...and it’s only the 7th! Yes! They are talking about their EXCHANGE RATE! On Wednesday...they didn’t talk about their RATE...they talked about their EXCHANGE RATE...the EXCHANGE RATE POLICY! There is quite a difference. Free float? No they are not! They will have a Managed Float. High rate? No they are not! This was the talk of the town last year. Now they are talking like $1.20. The IMF is telling the world...once the reforms are implemented...they have some money (prior to the agreement)...that Iraq will get...WHEN they raise the value of their currency. That will trigger everything. [post 2 of 2]
6-8-2017 Intel Guru Frank26 They finally said something about the IMF meeting. ...the IMF and the CBI once agreed upon something. A 2nd review of the SBA in August... This meeting was ...IMO...not about the rate of the IQD. It was a report of the monetary reform to the IMF. The IMF is very proud of what Iraq has accomplished. The IMF tells every country what to do with their currency. They’ve now reached an agreement -- MOU (Memorandum of Understanding). The IMF appears to be happy...because this memorandum that was signed...the IMF no longer needs to tell Iraq what to do. Two of the three agreed to items were taken care of in December of last year. These 3 levels...Economic Reforms... Financial Reforms...Multi-Currency Policy. The last item (#3) was the POLICY of currency (international level). ...things are done for the economic and financial reforms. Iraq is ready to join the INTERNATIONAL theatre. [post 1 of 2....stay tuned]
6-8-2017 Newshound Guru mike Article: "Iraqi Central Bank sales of foreign currencies fell $7 million" Quote: "...the exchange rate was 1182 dinars per dollar at the auction held with the participation of 35 banks and 10 financial companies for the conversion." I still think the spread is too high... The stock markets and other institutions are showing 1240+ to $1, they haven't gotten the market rate low enough yet. We know from other articles that the spread is still 1240-$1 or more so I'm not thinking that the market rate has been lowered. ...I recognize the anomaly and wonder what it's implications are, but...I think it's just poor bookkeeping on the CBI's part. If the street rate had improved to around 1200-$1 the stock markets and other large financial institutions would report the same figures, but they're not. I know this isn't going to be a popular statement but Iraq still has a lot of work to do after Mosul and all of Anbar Province is liberated. The Kurdish deal and legislation for the open market economy are all objectives that have yet to be solved.
6-8-2017 Newshound Guru Adam Montana [...2 questions: First, is our current president's actions and intentions going to help the dinar RV....part B: did he buy any dinar that anyone knows of? SECOND: Help me understand why the Iraqi would RV when they know so many of us possess their money?] 1. Yes, I believe so. Part B - that's going to be speculation regardless, unless he personally announces it. 2. What we hold is insignificant to them. Yes, we will benefit... but they will benefit much, much more.
6-8-2017 Intel Guru Frank26 IOO – what we are seeing with the auctions is impressive with the IMF because it was agreed upon. The CBI...IOO... is trying to get all of the auctions in by June 30th to END ALL AUCTIONS! The one thing we are waiting for is for them to LIFT the 3 ZEROS – which lifts the exchange rate qualifications (Chapter 8). The agreement, phase, step...has been done. [Guru] Delta says that on Iraqi TV…it’s all over the screen…the CBI and IMF meeting and what’s in it for the citizens. The meeting also said that the RESERVES were much higher than the IMF predicted. I’ll admit the monetary reform is taking a long-time, but it is coming! The IMF doesn’t want Iraq to make any mistakes BEFORE or AFTER. THIS COULD HAPPEN AT ANY MOMENT! Don’t see any more talk of postponement...do you?
6-8-2017 Intel/Newshound Guru tman23 [Some one feels the RV won't happen & the dollar will end up being Iraqs currency...] Iraq is not going to ever go to the USD...You can bank on that! A certain amount of pressure is now coming from Kurdistan and the referendum... Barzani wanted the 3 zero removed August 2014 and had some serious statements about it...Kurds want to get the show on the road (economy)...They are in dire straights! And by a recent article...The CBI branch in Erbil goes FULL CBI July 1st...and Sulaimayia to follow shortly after...
6-8-2017 Intel Guru Frank26 I told you...once you have Mosul...(we’ve already got Mosul)...you would start to see things happen at the speed of light...and now you are! From the 2nd to the 9th – we said that some BIG information would be coming out. THIS IS IT...and it’s only the 7th! Yes! They are talking about their EXCHANGE RATE! On Wednesday...they didn’t talk about their RATE...they talked about their EXCHANGE RATE...the EXCHANGE RATE POLICY! There is quite a difference. Free float? No they are not! They will have a Managed Float. High rate? No they are not! This was the talk of the town last year. Now they are talking like $1.20. The IMF is telling the world...once the reforms are implemented...they have some money (prior to the agreement)...that Iraq will get...WHEN they raise the value of their currency. That will trigger everything. [post 2 of 2]
6-8-2017 Intel Guru Frank26 They finally said something about the IMF meeting. ...the IMF and the CBI once agreed upon something. A 2nd review of the SBA in August... This meeting was ...IMO...not about the rate of the IQD. It was a report of the monetary reform to the IMF. The IMF is very proud of what Iraq has accomplished. The IMF tells every country what to do with their currency. They’ve now reached an agreement -- MOU (Memorandum of Understanding). The IMF appears to be happy...because this memorandum that was signed...the IMF no longer needs to tell Iraq what to do. Two of the three agreed to items were taken care of in December of last year. These 3 levels...Economic Reforms... Financial Reforms...Multi-Currency Policy. The last item (#3) was the POLICY of currency (international level). ...things are done for the economic and financial reforms. Iraq is ready to join the INTERNATIONAL theatre. [post 1 of 2....stay tuned]
6-8-2017 Newshound Guru mike Article: "Iraqi Central Bank sales of foreign currencies fell $7 million" Quote: "...the exchange rate was 1182 dinars per dollar at the auction held with the participation of 35 banks and 10 financial companies for the conversion." I still think the spread is too high... The stock markets and other institutions are showing 1240+ to $1, they haven't gotten the market rate low enough yet. We know from other articles that the spread is still 1240-$1 or more so I'm not thinking that the market rate has been lowered. ...I recognize the anomaly and wonder what it's implications are, but...I think it's just poor bookkeeping on the CBI's part. If the street rate had improved to around 1200-$1 the stock markets and other large financial institutions would report the same figures, but they're not. I know this isn't going to be a popular statement but Iraq still has a lot of work to do after Mosul and all of Anbar Province is liberated. The Kurdish deal and legislation for the open market economy are all objectives that have yet to be solved.
6-8-2017 Newshound Guru Adam Montana [...2 questions: First, is our current president's actions and intentions going to help the dinar RV....part B: did he buy any dinar that anyone knows of? SECOND: Help me understand why the Iraqi would RV when they know so many of us possess their money?] 1. Yes, I believe so. Part B - that's going to be speculation regardless, unless he personally announces it. 2. What we hold is insignificant to them. Yes, we will benefit... but they will benefit much, much more.
6-7-2017 Intel Gurus Frank26 & Delta All of the sudden they started doing 2 auctions on the same day – accumulating 1, 2 and sometimes 3 within a week. Piggybacking these auctions was unusual. Why the urgency with the auctions? They cannot change the rate in the middle of a business day. So if you take a look at the auction they did on Monday (that means they have nothing to do on Tuesday). Tuesday, they have no auction. Interesting...that means they could pull the trigger on a Tuesday. This is really significant to us – something is going on...and there is a reason why they are doing it. Based on the demands of the World Bank, the comments from the economists to ACTIVATE – it doesn’t become any more clear than that.
6-7-2017 Newshound/Intel Guru BGG Article: "IMF REACHES AGREEMENT ON STAND-BY ARRANGEMENT WITH IRAQ" Neither this nor the UN potentially releasing funds to Iraq at the end of June are any kind of "date" indicator. However, they are both very interesting pieces of news. International support for Iraq grows daily. They need this support to reengage with the world.
6-7-2017 Newshound Guru Adam Montana ...know that the GOI is working harder this Ramadan than ever before... Article: "Headed by Abadi .. Council of Ministers will hold its regular" I see that as a very positive thing! Need I say more? (nope!)
6-7-2017 Intel Guru Bruce Iraq has already announced that this Saturday, the 10th is the Liberation Day. What are they talking about liberating from? I think that is a direct liberation and take back of Mosul and a number of different announcements around that day next Saturday, June 10th. What about the 12th? Monday is called Celebration Day in Iraq. What would they be celebrating? The liberation of Mosul, the return of a Sovereign Republic, a return of a currency that is revalued and internationally traded again, and celebrate the new rate that would be in their budget that would be put in their Gazette, etc. That is what the schedule is going to show Saturday and celebration on Monday. Does that mean we have to wait until Monday? Right now I going to say I don’t believe so based on the other Intel I am getting. Even if it was the case that would be the longest we would need to wait. I think the plan is to release this soon...be excited for the possibility of this happening hopefully between now and the weekend. [post 2 of 2]
6-7-2017 Intel Guru Bruce Remember we talked about the lower denoms of the dinar that were being placed in the ATM machines and ready to go? Our understanding is they are still in there ready to go, but have not been put out yet. They have not yet utilized those lower value notes of the dinar. They were supposed to be put out today [Tuesday]. They were supposed to be, but weren’t. Their intention was to make their rate change known today and the lower denoms would be needed because the rates would have gone dramatically higher... We have heard the rates in Iraq are in a very strong situation and will be stronger. People who are getting paid on their cards or retirement pay it is going up substantially like 134%. I think due to the in-country change of the dinar rate. Without able to prove that exactly, I just can tell you that everything is complete regarding what is happening in Iraq. [post 1 of 2....stay tuned]
6-7-2017 Intel Guru Jester WE ARE STILL LOOKING FOR THE REMAINING PUZZLE PIECE... WE HAVE A FEW THINGS WE ARE CHECKING ON... THEY ARE BEING VERY QUIET ABOUT WHAT IS GOING ON RIGHT NOW... IF WE GET SOMETHING WE CAN SINK OUR TEETH INTO WE'LL TRY TO LET YOU KNOW WHEN THAT HAPPENS... EVERYTHING IS DONE... BUT ONE LITTLE PIECE IS MISSING... IT SEEMS TO BE READY EXCEPT FOR THAT FINAL PIECE...
6-7-2017 Newshound/Intel Guru BGG [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.] With all the support and conversation with the IMF - WB - UN... that is not the posture they are preparing...everything they are (the above mentioned groups) projecting lately is the image of progress.
6-7-2017 Intel Guru RayRen98 [You mentioned that date we were expecting did not occur, and now we are looking at June 30?] Some are saying the 10th, some are seeing celebrations on the 12th, and other are saying by June 30, so we’ll just have to wait and see.
6-7-2017 Newshound/Intel Guru BGG Article: "IMF REACHES AGREEMENT ON STAND-BY ARRANGEMENT WITH IRAQ" Neither this nor the UN potentially releasing funds to Iraq at the end of June are any kind of "date" indicator. However, they are both very interesting pieces of news. International support for Iraq grows daily. They need this support to reengage with the world.
6-7-2017 Newshound Guru Adam Montana ...know that the GOI is working harder this Ramadan than ever before... Article: "Headed by Abadi .. Council of Ministers will hold its regular" I see that as a very positive thing! Need I say more? (nope!)
6-7-2017 Intel Guru Bruce Iraq has already announced that this Saturday, the 10th is the Liberation Day. What are they talking about liberating from? I think that is a direct liberation and take back of Mosul and a number of different announcements around that day next Saturday, June 10th. What about the 12th? Monday is called Celebration Day in Iraq. What would they be celebrating? The liberation of Mosul, the return of a Sovereign Republic, a return of a currency that is revalued and internationally traded again, and celebrate the new rate that would be in their budget that would be put in their Gazette, etc. That is what the schedule is going to show Saturday and celebration on Monday. Does that mean we have to wait until Monday? Right now I going to say I don’t believe so based on the other Intel I am getting. Even if it was the case that would be the longest we would need to wait. I think the plan is to release this soon...be excited for the possibility of this happening hopefully between now and the weekend. [post 2 of 2]
6-7-2017 Intel Guru Bruce Remember we talked about the lower denoms of the dinar that were being placed in the ATM machines and ready to go? Our understanding is they are still in there ready to go, but have not been put out yet. They have not yet utilized those lower value notes of the dinar. They were supposed to be put out today [Tuesday]. They were supposed to be, but weren’t. Their intention was to make their rate change known today and the lower denoms would be needed because the rates would have gone dramatically higher... We have heard the rates in Iraq are in a very strong situation and will be stronger. People who are getting paid on their cards or retirement pay it is going up substantially like 134%. I think due to the in-country change of the dinar rate. Without able to prove that exactly, I just can tell you that everything is complete regarding what is happening in Iraq. [post 1 of 2....stay tuned]
6-7-2017 Intel Guru Jester WE ARE STILL LOOKING FOR THE REMAINING PUZZLE PIECE... WE HAVE A FEW THINGS WE ARE CHECKING ON... THEY ARE BEING VERY QUIET ABOUT WHAT IS GOING ON RIGHT NOW... IF WE GET SOMETHING WE CAN SINK OUR TEETH INTO WE'LL TRY TO LET YOU KNOW WHEN THAT HAPPENS... EVERYTHING IS DONE... BUT ONE LITTLE PIECE IS MISSING... IT SEEMS TO BE READY EXCEPT FOR THAT FINAL PIECE...
6-7-2017 Newshound/Intel Guru BGG [kinda get the feeling that this is never gona happen and eventually they will go to the dollar.] With all the support and conversation with the IMF - WB - UN... that is not the posture they are preparing...everything they are (the above mentioned groups) projecting lately is the image of progress.
6-7-2017 Intel Guru RayRen98 [You mentioned that date we were expecting did not occur, and now we are looking at June 30?] Some are saying the 10th, some are seeing celebrations on the 12th, and other are saying by June 30, so we’ll just have to wait and see.
6-6-2017 Newshound Guru Enorrste Article: "The Amman meeting with the IMF result in a supplementary budget for the current year" This refers only to a small supplementary budget and the strings that the IMF is placing on Iraq to accept the money. Nothing new here at all. ...it was never the case that the IMF was taking over control of the government or the entirety of the finances of Iraq. The agreement made was that the IMF would become "trustee" over the CBI in order to help the country "enter the world market."
6-6-2017 Intel Guru Frank26 It seems to me that Abadi wants to declare a date. The last remaining Daesh fighters are very hard-core – they don’t want to give up. But, this “cancer” is being removed! The 10th … I’m not saying that is an RV date … but that could be a date of their DIGNITY! Their rebirth! This could be when they are going to plant their flag as a sovereign country – no longer under control of Iran and ISIS.
6-6-2017 **** Dinar Guru News Update **** Below is the latest Mosul map. The GREEN areas are Iraqi controlled and the dark and light GREY area is ISIS controlled. The red areas are the front lines and where battles are taking place. Stay tuned as this story continues to unfold...
6-6-2017 Intel Guru Frank26 It seems to me that Abadi wants to declare a date. The last remaining Daesh fighters are very hard-core – they don’t want to give up. But, this “cancer” is being removed! The 10th … I’m not saying that is an RV date … but that could be a date of their DIGNITY! Their rebirth! This could be when they are going to plant their flag as a sovereign country – no longer under control of Iran and ISIS.
6-6-2017 **** Dinar Guru News Update **** Below is the latest Mosul map. The GREEN areas are Iraqi controlled and the dark and light GREY area is ISIS controlled. The red areas are the front lines and where battles are taking place. Stay tuned as this story continues to unfold...
6-6-2017 Intel Guru Delta [...you said that 2 commanding generals said that they were basically done, and they would be celebrating a victory pretty soon --- and perhaps the 10th – which is the anniversary of the caliphate declaration. Would this be a time that would be celebrated as an Iraqi victory and the defeat of Daesh?] Exactly...it looks like this might be what they will do – turn it into a holiday. Old Mosul’s streets are very, very tight – you must go on foot, door-to-door. Let’s watch from the 2nd to the 9th (or 10th) and see what they are going to do.
6-6-2017 Newshound Guru mike Article: "The Amman meeting with the IMF result in a supplementary budget for the current year" There are many who believe that the IMF/WB are in control but I gotta tell you, $5.3 billion don't buy a country. I can't find an example in the history of the IMF/WB that they've taken over the sovereign financial obligations of a country, let alone for such a small amount. Article quotes: "Iraq has signed with the International Monetary Fund memorandum of understanding conducive to monitor the financial and economic policy" and this: "The program aims to assist Iraq in reforms in the foreign exchange policy" The SBA and SMP are monitoring programs, they advise, assist and monitor Iraq's financial progress with the banks, budgets and currency programs. [post 1 of 2....stay tuned]
6-6-2017 Newshound/Intel Guru BGG [...is it just down to the old section of Mosul now?] It is down to a very small area... what I heard a couple of days ago - tough going. It is the end - of course it will be tough. In the mean time - hang in there. This struggle will come to an end. At some point they will do something with this currency. When that happens - you are positioned to enjoy the benefit...and that is probably the most encouraging you have heard me in a while.
6-6-2017 Intel Gurus Frank26 and Delta “What if the exchange rate were to drop to 1250?” What if it dropped down to 1200? This is about 2%. If they dropped down to 1190 or 1180 – the CBI wouldn’t be able to make money anymore. ...they have done a great job in getting within the 2% compliance. The CBI has done some impressive things. The IMF can’t stop being so proud of them. It looks like the CBI is adjusting accordingly to the 2% -- to the rate of the IQD internally – which is an IMF requirement. The IMF stated that their sole objective were a few things, and that is it. The IMF looks very, very happy. Everything is looking very good for investors. The biggest obstacle was corruption. We’ve been waiting so many years...but it was good that they waited until they got it right. ...that’s why they brought in Jack Lew – they learned from what happened in Kuwait. They needed border control, needed to manage the float. They are going to control this very well.
6-6-2017 Newshound/Intel Guru BGG [Mosul?] I have no prediction...I think they are close. As I have said all along - this is war. This is the end - it may not go easy. I am very interested to see what the News Cycles look like right after Mosul - for that first week or two... this will tell us what's what...
6-6-2017 Newshound Guru mike Article: "The Amman meeting with the IMF result in a supplementary budget for the current year" There are many who believe that the IMF/WB are in control but I gotta tell you, $5.3 billion don't buy a country. I can't find an example in the history of the IMF/WB that they've taken over the sovereign financial obligations of a country, let alone for such a small amount. Article quotes: "Iraq has signed with the International Monetary Fund memorandum of understanding conducive to monitor the financial and economic policy" and this: "The program aims to assist Iraq in reforms in the foreign exchange policy" The SBA and SMP are monitoring programs, they advise, assist and monitor Iraq's financial progress with the banks, budgets and currency programs. [post 1 of 2....stay tuned]
6-6-2017 Newshound/Intel Guru BGG [...is it just down to the old section of Mosul now?] It is down to a very small area... what I heard a couple of days ago - tough going. It is the end - of course it will be tough. In the mean time - hang in there. This struggle will come to an end. At some point they will do something with this currency. When that happens - you are positioned to enjoy the benefit...and that is probably the most encouraging you have heard me in a while.
6-6-2017 Intel Gurus Frank26 and Delta “What if the exchange rate were to drop to 1250?” What if it dropped down to 1200? This is about 2%. If they dropped down to 1190 or 1180 – the CBI wouldn’t be able to make money anymore. ...they have done a great job in getting within the 2% compliance. The CBI has done some impressive things. The IMF can’t stop being so proud of them. It looks like the CBI is adjusting accordingly to the 2% -- to the rate of the IQD internally – which is an IMF requirement. The IMF stated that their sole objective were a few things, and that is it. The IMF looks very, very happy. Everything is looking very good for investors. The biggest obstacle was corruption. We’ve been waiting so many years...but it was good that they waited until they got it right. ...that’s why they brought in Jack Lew – they learned from what happened in Kuwait. They needed border control, needed to manage the float. They are going to control this very well.
6-6-2017 Newshound/Intel Guru BGG [Mosul?] I have no prediction...I think they are close. As I have said all along - this is war. This is the end - it may not go easy. I am very interested to see what the News Cycles look like right after Mosul - for that first week or two... this will tell us what's what...
6-5-2017 Newshound Guru MilitiaMan Article: "Barzani, the party declares the application of Article "140" on the areas liberated by the Peshmerga" Wow. One more piece of the puzzle placed, timed and framed. Starting to see the pattern friends...? Articles out about the liberation of Mosul, is imminent. Think about what this means to the progress of the MR [Monetary Reform]...imo.
6-5-2017 Intel Guru RayRen98 Still no public release of the RV, which should have happened some time ago. Things happen according to plan, and sometimes plans change… so this RV is coming out at a later date than we expected. Over the weekend, Iraqi television showed their leaders claiming victory this week. ...they are talking about celebrations for the soldiers on June 12, which should mean that the fighting is over – cleaned up, past tense. June 10 is the anniversary of ISIL taking over Mosul, so there is a symbolic significance for that being the official date they are finished with the liberation of Mosul. We don’t really know how much is left in Mosul – half a district? Clearly it’s no longer an issue there. Abadi is filling the Finance Minister’s seat until a new one is selected, so that won’t interrupt the process. We will just wait for the rest to unfold. ...we expect this to happen any time. We are waiting for that green light.
6-5-2017 Newshound/Intel Guru Mnt Goat The Central Bank of Iraq came out in 2013 and said that more SECURITY and STABILITY are needed to continue with the project to delete the zeros. WE know that this project will ultimately lead to a significant increase in the value of the dinar. Okay, so what did I tell you Iraq is targeting for goals to get the level of needed SECURITY? 1)Defeat existing ISIS terrorist, 2)Get rid of Iranian influence and militias, 3)secure the boarders of Iraq. Now we see yet more articles proving this is true and actions being taken to fix these issues. Why are these issues so important for the RV? Iraq is not about to RV until they are very certain of their countries STABILITY and SECURITY. We have been told this many times. ...they are at the mainstay of the targets that Iraq desperately needs to accomplish prior to the RV. ...we see yet more of these pieces being put in place to ensure these capabilities. This is all very good for our RV saga.
6-5-2017 Intel Guru ADMINBILL THERE IS WORD COMING IN FROM RELIABLE CONTACTS THAT THE ACTIONS REQUIRED TO MOVE THIS ALONG HAVE BEEN COMPLETED. LOOK FOR THE MOMENTUM TO BUILD FIRST OF THE WEEK WITH THE PROCESS MOVING FORWARD THROUGH THE COMING 10-14 DAYS FOR ALL CURRENCIES.
6-5-2017 Newshound Guru mike Article: "Expert: Iraq needs to develop the economy management system" Quote: "I have not found in the past four years a single document that shows a true and realistic economic vision by the government, the legislator and the investor taking into account the real size of Iraq's competitive potential at the regional and global levels..." This was a a heck of a statement... This article breaks down why we haven't seen economic growth and why the dinar hasn't gained value. Iraq has to remove the shackles of socialism and allow the free and open market economy to grow.
6-5-2017 Newshound Guru MilitiaMan Article: "Planning for "Economy News": the private sector will have an active role in the next five-year plan" This new plan will replace the 2016-2020 plan on the CBI site that has been executed with precision, as they will have increased the value of their currency and activated their market economy. By the way...once we see that ESCROW account closed, you can bet your sweet boopy privatization will be on full throttle! ...big firms have been courted already...Some serious big names!!
6-5-2017 Intel Guru RayRen98 Still no public release of the RV, which should have happened some time ago. Things happen according to plan, and sometimes plans change… so this RV is coming out at a later date than we expected. Over the weekend, Iraqi television showed their leaders claiming victory this week. ...they are talking about celebrations for the soldiers on June 12, which should mean that the fighting is over – cleaned up, past tense. June 10 is the anniversary of ISIL taking over Mosul, so there is a symbolic significance for that being the official date they are finished with the liberation of Mosul. We don’t really know how much is left in Mosul – half a district? Clearly it’s no longer an issue there. Abadi is filling the Finance Minister’s seat until a new one is selected, so that won’t interrupt the process. We will just wait for the rest to unfold. ...we expect this to happen any time. We are waiting for that green light.
6-5-2017 Newshound/Intel Guru Mnt Goat The Central Bank of Iraq came out in 2013 and said that more SECURITY and STABILITY are needed to continue with the project to delete the zeros. WE know that this project will ultimately lead to a significant increase in the value of the dinar. Okay, so what did I tell you Iraq is targeting for goals to get the level of needed SECURITY? 1)Defeat existing ISIS terrorist, 2)Get rid of Iranian influence and militias, 3)secure the boarders of Iraq. Now we see yet more articles proving this is true and actions being taken to fix these issues. Why are these issues so important for the RV? Iraq is not about to RV until they are very certain of their countries STABILITY and SECURITY. We have been told this many times. ...they are at the mainstay of the targets that Iraq desperately needs to accomplish prior to the RV. ...we see yet more of these pieces being put in place to ensure these capabilities. This is all very good for our RV saga.
6-5-2017 Intel Guru ADMINBILL THERE IS WORD COMING IN FROM RELIABLE CONTACTS THAT THE ACTIONS REQUIRED TO MOVE THIS ALONG HAVE BEEN COMPLETED. LOOK FOR THE MOMENTUM TO BUILD FIRST OF THE WEEK WITH THE PROCESS MOVING FORWARD THROUGH THE COMING 10-14 DAYS FOR ALL CURRENCIES.
6-5-2017 Newshound Guru mike Article: "Expert: Iraq needs to develop the economy management system" Quote: "I have not found in the past four years a single document that shows a true and realistic economic vision by the government, the legislator and the investor taking into account the real size of Iraq's competitive potential at the regional and global levels..." This was a a heck of a statement... This article breaks down why we haven't seen economic growth and why the dinar hasn't gained value. Iraq has to remove the shackles of socialism and allow the free and open market economy to grow.
6-5-2017 Newshound Guru MilitiaMan Article: "Planning for "Economy News": the private sector will have an active role in the next five-year plan" This new plan will replace the 2016-2020 plan on the CBI site that has been executed with precision, as they will have increased the value of their currency and activated their market economy. By the way...once we see that ESCROW account closed, you can bet your sweet boopy privatization will be on full throttle! ...big firms have been courted already...Some serious big names!!
6-4-2017 Intel Guru DELTA URGENT FROM IRAQI TV: Two military commanders confirm the imminent declaration of the liberation of Mosul!
6-4-2017 Newshound Guru MilitiaMan Article Quote: "...national reconciliation describes the features of Iraq after Daesh and we desperately need to look to the future and be our profound vision, clear and comprehensive what should be the Iraq is not on the political side only but politically, socially, culturally, economically..." This sure looks like they are finalizing NR [National Reconciliation]. Right on schedule. Very powerful...! I'll bet they time the actual finalization around the same time we get Mosul publicly 100%, Chapter VII escrow closed and a rate change.
6-4-2017 Intel Guru Frank26 Let’s even go further...let’s say overnight the official exchange rate of the Iraqi dinar drops to say 1190...what would that do to the CBI...once again it would force their hand to get the official rate within the 2% compliance of the Market Rate wouldn’t it...therefore, hence this is why the spreadsheet numbers are gone...that is why the indicative rate is gone...that is why there is an empty space at the CBI website waiting for these new numbers...IN THE STILL OF THE NIGHT. [post 2 of 2]
6-4-2017 Intel Guru Frank26 Quote: "The tight measures on the currency sale window imposed by the central bank have been very many and have contributed to reducing the money laundering, which led to control of the price of the currency in the Iraqi market, where the price of the US dollar fell from 1300 to 1200 dinars" Their need for a policy to RV is not a theory...it is a plan...they are doing it right in front of your eyes...and these numbers that I just gave you are not my opinion these are straight from the CBI...what would happen...if all of a sudden the Market Rate went even further...it was at 1250 and it went down to 1224...and that is 2% compliance...What happens if it was to drop I don’t know let’s say to 1200 overnight...it would force the CBI to once again be within 2% compliance...or to RV their currency...because the Market Rate would be lower than 1200...which would be the official CBI rate that I am giving you as an example... [post 1 of 2....stay tuned]
6-4-2017 Newshound Guru Kaperoni Article: "Planning for "Economy News": the private sector will have an active role in the next five-year plan" Quote: "Announced that the Ministry of Planning, Sunday, that the sector private will have the role of an actor in the plan 's five - year 2018 - 2022, built that the proportion of the contribution of the sector 's output domestic product is still low ." There is no privatization without currency reform. Come on CBI...
6-4-2017 Intel Guru RayRen98 Iraqi TV is depicting leaders declaring this as victory week in Mosul. Kurdistan TV is banned from filming their news from Old Mosul city. Abadi is taking over the vacant finance minister job until he finds a replacement. June 30 is the intended date that Iraqis will receive their money monthly instead versus an escrow account.
6-4-2017 Newshound Guru Aggiedad77 Article: "Twilight News President Fuad Masum, and House Speaker Salim al-Jubouri / stressed on Saturday the need to intensify meetings between the three presidencies." Strengthen and intensify the meetings between the three Presidencies...that would be Masum, Abadi, and Jubouri...wonder what they could be wanting to talk to about...the election stuff is old news IMO...as is anything about laws and regional strengthening...get to the nitty gritty...cut to the chase...stop beating around the bush...let's talk good stuff...like a celebration for Mosul...then an even greater celebration for a new international rate for your country's currency...just do it...IMO.
6-4-2017 Intel Guru Delta URGENT FROM IRAQI TV: PREPARATIONS FOR DECLARATION OF VICTORY THIS WEEK.
6-4-2017 Newshound Guru MilitiaMan Article: "Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016)" This is some huge information that is in my view very important to all...it (the article) is telling the world what is actually going to happen. It has been in process for years. The UN published the data on a Friday, after markets closed. Not many would see it, and to be honest, there would have to be an interest for such a thing, and or to have a reason to think it is important. Well, people like us or some as astute as some here, will know what it means. The thing is, the amount of people that get it, are not a concern for the CBI to a potential front running of the IQD. There is just not that many people that get it. (Effectively that is what the article suggests is a viable option, by telling us 06/30/2017 or before Iraq will receive ESCROW funds back.) The Un is telling the world that the IQD is or Iraq if you will, is going to be Sanction free by and or before the end of June 2017. That simple. International! So if they are that confident and Ban Ki Moon tells the world on a late Friday after markets close, I would say that the not only is game on, the game is about to end. A good thing..
6-4-2017 Newshound Guru MilitiaMan Article Quote: "...national reconciliation describes the features of Iraq after Daesh and we desperately need to look to the future and be our profound vision, clear and comprehensive what should be the Iraq is not on the political side only but politically, socially, culturally, economically..." This sure looks like they are finalizing NR [National Reconciliation]. Right on schedule. Very powerful...! I'll bet they time the actual finalization around the same time we get Mosul publicly 100%, Chapter VII escrow closed and a rate change.
6-4-2017 Intel Guru Frank26 Let’s even go further...let’s say overnight the official exchange rate of the Iraqi dinar drops to say 1190...what would that do to the CBI...once again it would force their hand to get the official rate within the 2% compliance of the Market Rate wouldn’t it...therefore, hence this is why the spreadsheet numbers are gone...that is why the indicative rate is gone...that is why there is an empty space at the CBI website waiting for these new numbers...IN THE STILL OF THE NIGHT. [post 2 of 2]
6-4-2017 Intel Guru Frank26 Quote: "The tight measures on the currency sale window imposed by the central bank have been very many and have contributed to reducing the money laundering, which led to control of the price of the currency in the Iraqi market, where the price of the US dollar fell from 1300 to 1200 dinars" Their need for a policy to RV is not a theory...it is a plan...they are doing it right in front of your eyes...and these numbers that I just gave you are not my opinion these are straight from the CBI...what would happen...if all of a sudden the Market Rate went even further...it was at 1250 and it went down to 1224...and that is 2% compliance...What happens if it was to drop I don’t know let’s say to 1200 overnight...it would force the CBI to once again be within 2% compliance...or to RV their currency...because the Market Rate would be lower than 1200...which would be the official CBI rate that I am giving you as an example... [post 1 of 2....stay tuned]
6-4-2017 Newshound Guru Kaperoni Article: "Planning for "Economy News": the private sector will have an active role in the next five-year plan" Quote: "Announced that the Ministry of Planning, Sunday, that the sector private will have the role of an actor in the plan 's five - year 2018 - 2022, built that the proportion of the contribution of the sector 's output domestic product is still low ." There is no privatization without currency reform. Come on CBI...
6-4-2017 Intel Guru RayRen98 Iraqi TV is depicting leaders declaring this as victory week in Mosul. Kurdistan TV is banned from filming their news from Old Mosul city. Abadi is taking over the vacant finance minister job until he finds a replacement. June 30 is the intended date that Iraqis will receive their money monthly instead versus an escrow account.
6-4-2017 Newshound Guru Aggiedad77 Article: "Twilight News President Fuad Masum, and House Speaker Salim al-Jubouri / stressed on Saturday the need to intensify meetings between the three presidencies." Strengthen and intensify the meetings between the three Presidencies...that would be Masum, Abadi, and Jubouri...wonder what they could be wanting to talk to about...the election stuff is old news IMO...as is anything about laws and regional strengthening...get to the nitty gritty...cut to the chase...stop beating around the bush...let's talk good stuff...like a celebration for Mosul...then an even greater celebration for a new international rate for your country's currency...just do it...IMO.
6-4-2017 Intel Guru Delta URGENT FROM IRAQI TV: PREPARATIONS FOR DECLARATION OF VICTORY THIS WEEK.
6-4-2017 Newshound Guru MilitiaMan Article: "Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016)" This is some huge information that is in my view very important to all...it (the article) is telling the world what is actually going to happen. It has been in process for years. The UN published the data on a Friday, after markets closed. Not many would see it, and to be honest, there would have to be an interest for such a thing, and or to have a reason to think it is important. Well, people like us or some as astute as some here, will know what it means. The thing is, the amount of people that get it, are not a concern for the CBI to a potential front running of the IQD. There is just not that many people that get it. (Effectively that is what the article suggests is a viable option, by telling us 06/30/2017 or before Iraq will receive ESCROW funds back.) The Un is telling the world that the IQD is or Iraq if you will, is going to be Sanction free by and or before the end of June 2017. That simple. International! So if they are that confident and Ban Ki Moon tells the world on a late Friday after markets close, I would say that the not only is game on, the game is about to end. A good thing..
6-3-2017 Newshound Guru Kaperoni Article: "Experts affirm: central bank measures behind the decline in money laundering" [Isn't this an important article? Does it say that the rate could be as low as 1200 IQD to $1.00?] Interesting statement for sure in the article... I believe the CBI did in effect sell dinar to citizens through the Rafidain at 1200 to $1. But as we all have seen that was not enough to lower the spread below 1247 as reported. Now the question is...is that good enough for Article VIII compliance? We will probably find out when the IMF publishes its next report with Iraq.
6-3-2017 Newshound/Intel Guru BGG Notice the tone of their comments to the GOI. (from the UN) "....the Government of Iraq should see today’s extension as the Council’s unwavering support for closing the file once and for all..." They are just telling Iraq they are with them - but things will go the way THEY SAY. Kinda' like - You're doing good kids - keep at it... just a little bit longer!! ... the UN does have a hand / say in things... 1) they are the CH 7 gatekeepers 2) they do have various financial interests in Iraq. This one looks to be a "file" - as in, a programme they want to close out... likely the Oil for Food Program and / or this resolution 1958 going back to 2010. But the big take-away for me - there is some very real affirming language in this UN statement. I would suspect the IMF and WB will have some similar view in the near future. So relax - Have a Coke and a SMILE... [post 2 of 2]
6-3-2017 Newshound/Intel Guru BGG Article: "Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016)" Quote: "...the Government of Iraq should see today’s extension as the Council’s unwavering support for closing the file once and for all..." SUPER KEY TONE AND TENOR from the UN... (IMHO) First off - I am not entirely convinced this is about the whole of the UN Ch 7 charter (it's not a financial designation), which is about the ability of the UN to "assist" with or without the GOI's permission to be there. 2) IMHO - they could easily be talking about the Oil For Food Program - only - or this resolution 1958 from back in 2010 - expiring in 2016 and then extended to June 30th. Or both. I may well be mistaken - I don't see this as a lifting of Ch 7 - again... the UN Ch 7 "charter" and the IMF Art 8 & 14 designations are like apples and watermelons... soooooooo different. Is this good news - yes. NO, in fact, GREAT NEWS... here's why... [post 1 of 2....stay tuned]
6-3-2017 Newshound Guru Phillyman Article: "Security expert predicts the collapse of "dashing" .. He praises the "military tactic" Quotes: "The terrorist organization is now confined to only one kilometer..." "the military tactic of the security forces, able to decipher the blades (urging), is expected to collapse at any moment." Not sure what to think about this optimistic report, seems to have things further along then what I found yesterday.
6-3-2017 Intel Guru Delta Article: "Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016)" Quote: "The Security Council today authorized the Secretary-General to continue to maintain the escrow account authorized by resolution 1958 (2010), and to retain the funds contained therein until 30 June 2017, at which time all remaining funds would be transferred to the Government of Iraq." ...THERE IT IS!! THERE IS ONLY ONE THING LIFT [LEFT ?] AND AS YOU SEE BY END OF JUNE (FIRST HALF OF 2017) IRAQ WILL HAVE A CONTROL MEANING ALSO OUT OF CH7...EVERYTHING WAS TAKING CARE OF ON MARCH 30TH. IMO WE SHOULD SEE A RATE CHANGE BEFORE JUNE 30.
6-3-2017 **** Dinar Guru News Update **** Below is the latest Mosul map. The BROWN area is the Iraqi controlled and liberated area...The Dark GREY in center is ISIS controlled. It appears they are down to the final 1% of the city...stay tuned as this story unfolds...
6-3-2017 Newshound/Intel Guru BGG Notice the tone of their comments to the GOI. (from the UN) "....the Government of Iraq should see today’s extension as the Council’s unwavering support for closing the file once and for all..." They are just telling Iraq they are with them - but things will go the way THEY SAY. Kinda' like - You're doing good kids - keep at it... just a little bit longer!! ... the UN does have a hand / say in things... 1) they are the CH 7 gatekeepers 2) they do have various financial interests in Iraq. This one looks to be a "file" - as in, a programme they want to close out... likely the Oil for Food Program and / or this resolution 1958 going back to 2010. But the big take-away for me - there is some very real affirming language in this UN statement. I would suspect the IMF and WB will have some similar view in the near future. So relax - Have a Coke and a SMILE... [post 2 of 2]
6-3-2017 Newshound/Intel Guru BGG Article: "Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016)" Quote: "...the Government of Iraq should see today’s extension as the Council’s unwavering support for closing the file once and for all..." SUPER KEY TONE AND TENOR from the UN... (IMHO) First off - I am not entirely convinced this is about the whole of the UN Ch 7 charter (it's not a financial designation), which is about the ability of the UN to "assist" with or without the GOI's permission to be there. 2) IMHO - they could easily be talking about the Oil For Food Program - only - or this resolution 1958 from back in 2010 - expiring in 2016 and then extended to June 30th. Or both. I may well be mistaken - I don't see this as a lifting of Ch 7 - again... the UN Ch 7 "charter" and the IMF Art 8 & 14 designations are like apples and watermelons... soooooooo different. Is this good news - yes. NO, in fact, GREAT NEWS... here's why... [post 1 of 2....stay tuned]
6-3-2017 Newshound Guru Phillyman Article: "Security expert predicts the collapse of "dashing" .. He praises the "military tactic" Quotes: "The terrorist organization is now confined to only one kilometer..." "the military tactic of the security forces, able to decipher the blades (urging), is expected to collapse at any moment." Not sure what to think about this optimistic report, seems to have things further along then what I found yesterday.
6-3-2017 Intel Guru Delta Article: "Security Council Authorizes Continued Maintenance of Iraq Escrow Account, Unanimously Adopting Resolution 2335 (2016)" Quote: "The Security Council today authorized the Secretary-General to continue to maintain the escrow account authorized by resolution 1958 (2010), and to retain the funds contained therein until 30 June 2017, at which time all remaining funds would be transferred to the Government of Iraq." ...THERE IT IS!! THERE IS ONLY ONE THING LIFT [LEFT ?] AND AS YOU SEE BY END OF JUNE (FIRST HALF OF 2017) IRAQ WILL HAVE A CONTROL MEANING ALSO OUT OF CH7...EVERYTHING WAS TAKING CARE OF ON MARCH 30TH. IMO WE SHOULD SEE A RATE CHANGE BEFORE JUNE 30.
6-3-2017 **** Dinar Guru News Update **** Below is the latest Mosul map. The BROWN area is the Iraqi controlled and liberated area...The Dark GREY in center is ISIS controlled. It appears they are down to the final 1% of the city...stay tuned as this story unfolds...
6-3-2017 Newshound Guru MilitiaMan (New Guru) Article quote: "Crossed several points in international institutions and economists Iraqis expressed their interest and support as approved by the Central Bank of Iraq from the controls for the sale and purchase of foreign currency mechanisms." ...they are telling us the CBI has controls in place for the sale and purchase of Foreign Currency. Controls are safety mechanisms. Why are they used and when? Because imo they are going to at some point and imo very soon raise the value of the IQD and will do so with a Precise Managed Float.
6-3-2017 Newshound/Intel Guru BGG Mosul is it... I have said all along...I would like to see what the news cycle looks like right after Mosul is done. I had some guy message me "why is Mosul taking so long"? They are dug in - they know they will die and have NOTHING TO LOSE...this may take just a bit..let's all just take a breath and let this whole thing play out...and then... I also said - I want to get a feel for what the News Cycles look like after - for a week or two...this will be the tale of the tape. ...sit back...and let them do their thing...and BTW - it's not like they haven't told us in so many ways - what they intend to do. They have - over and over and over and over.
6-3-2017 Newshound/Intel Guru BGG Mosul is it... I have said all along...I would like to see what the news cycle looks like right after Mosul is done. I had some guy message me "why is Mosul taking so long"? They are dug in - they know they will die and have NOTHING TO LOSE...this may take just a bit..let's all just take a breath and let this whole thing play out...and then... I also said - I want to get a feel for what the News Cycles look like after - for a week or two...this will be the tale of the tape. ...sit back...and let them do their thing...and BTW - it's not like they haven't told us in so many ways - what they intend to do. They have - over and over and over and over.
6-2-2017 Newshound Guru Aggiedad77 Article: "Direct payment of the salaries of retired civilians for the month of June" Here's one of those odd things you read and say there is something different about this...when was the last time you actually saw an article where the Iraqi's were talking of paying anyone into the future...usually it is all about payments made in arrears...two and three months or more ago...playing catch up...but here we have a different story... hmmmm ...patterns broken...June an explosive month...
6-2-2017 Newshound/Intel Guru BGG I had a VIP contact me...all these nutty projections about where oil will get to... not gonna' happen. For a lot of reasons. This info comes direct from a M.E. oil producer. They don't think oil will get above 50 - maybe ever again. I think the upside for us is - if Iraq has any inkling about this - they need to diversify and get their private market reformed and on a roll now. Which, obviously...starts with currency reform.
6-2-2017 Newshound Guru MadDScout [So we can say that we are not in... Kick the Can down the road yet...waiting longer for the RV.] I don't think anyone wants to kick the can down the road...I usually take it to mean procrastination...which I don't think is happening... [I guess the question is, are we still fairly expectant?] Yes and it only takes watching the news to see it...One day they have to get their head around a concept then few days later we see adjustment...can't ask for more...
6-2-2017 Intel Guru RayRen98 PM Abadi accepts the resignation of the Finance Minister. (Some might see this as a delay, but it was "supposedly" agreed that he would not resign before all of the calculations and numbers for revaluation were agreed and established.) - Iraqi TV is showing that the Command Center map is not showing any gains but reportedly only 2% is remaining. The news focus has changed to the resigning Finance Minister. - Iraqi TV reports ISIS preparing for its' last battle at the mosque. And indicating that the reconciliation announcement will happen after the conclusion of Ramadan. (Remember, you can't believe 100% of the news, its flawed to a certain degree.)
...let's see what happens next!
6-2-2017 Newshound/Intel Guru BGG I had a VIP contact me...all these nutty projections about where oil will get to... not gonna' happen. For a lot of reasons. This info comes direct from a M.E. oil producer. They don't think oil will get above 50 - maybe ever again. I think the upside for us is - if Iraq has any inkling about this - they need to diversify and get their private market reformed and on a roll now. Which, obviously...starts with currency reform.
6-2-2017 Newshound Guru MadDScout [So we can say that we are not in... Kick the Can down the road yet...waiting longer for the RV.] I don't think anyone wants to kick the can down the road...I usually take it to mean procrastination...which I don't think is happening... [I guess the question is, are we still fairly expectant?] Yes and it only takes watching the news to see it...One day they have to get their head around a concept then few days later we see adjustment...can't ask for more...
6-2-2017 Intel Guru RayRen98 PM Abadi accepts the resignation of the Finance Minister. (Some might see this as a delay, but it was "supposedly" agreed that he would not resign before all of the calculations and numbers for revaluation were agreed and established.) - Iraqi TV is showing that the Command Center map is not showing any gains but reportedly only 2% is remaining. The news focus has changed to the resigning Finance Minister. - Iraqi TV reports ISIS preparing for its' last battle at the mosque. And indicating that the reconciliation announcement will happen after the conclusion of Ramadan. (Remember, you can't believe 100% of the news, its flawed to a certain degree.)
...let's see what happens next!
6-1-2017 Intel Guru ADMINBILL ...TO THOSE THAT ARE PATIENTLY (SOME IMPATIENTLY) WAITING FOR THE CONTINUOUSLY ELUSIVE RV/GCR? ANOTHER MONTH OF PROMISES HAS PASSED US BY YET WE REMAIN STEADFAST IN OUR BELIEF WE WILL FINALLY SEE THIS END. PERHAPS THE NEXT FEW DAYS WILL PROVIDE THE RESULT WE HAVE BEEN HOPING TO SEE FOR YEARS. THE INFO IS GOOD BUT WE HAVE BEEN THERE BEFORE.
6-1-2017 Newshound Guru Phillyman Alot of articles hit starting yesterday about IS getting ready for the final stand in the Old City the place of that leaning minaret, the Great Mosque of al-Nuri. They are coming up on the 3 yr anniversary of Abu Bakr al-Baghdadi declaring the caliphate there. We are witnessing what will go down as a celebrated and historic event in Iraqs history. We know they are short on holidays and could certainly use another one. Does it mean the end of IS in Iraq? Clearly it does not but it seems that the Iraqis are seeing it as a turning point. Praying its over soon.
6-1-2017 Newshound Guru Kaperoni [...is it better for Iraq to rebuild itself at the present rate or at a re- established rate?] ...at this point and time, it does not matter what the exchange rate is regarding rebuilding...since the primary source of revenue is oil sales (95%) which is paid in dollars. And since the dinar is not globally convertible, Iraq pays for goods in dollars. So in that sense they are on the same playing field we are on in the US when we pay for goods. The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting IMF Article VIII compliance. The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars.
6-1-2017 Intel/Newshound Guru Backdoc [...how does june the 8th look for things to kick off?] NO SIR. NOW THAT COUNTRIES ARE USING THEIR RATES COUNTRY TO COUNTRY SINCE MAY 15TH THEY NEED TO WORK THEIR VALUES HIGHER AND HIGHER WITH CONTRACTS UNTIL THEY REACH THE DESIRED LAUNCH VALUES. SOMETIME AFTER JULY 8TH, A SUNDAY GOING INTO A MONDAY ARE MY THOUGHTS. I LOOK FOR MOSUL ANNOUNCEMENT BETWEEN JUNE 10TH TO 15TH. THESE ARE JUST SOME THOUGHTS.
6-1-2017 Newshound Guru mike Article: "The Iraqi delegation begins its negotiations today with the International Monetary Fund" The IMF has always been focused on maintaining the peg while Iraq navigates the way towards an open market economy with legislative support to bolster it. ...the last paragraph tells us that Iraq is receiving $3 billion dollars from Cash Box International and the only ones giving Iraq $3 billion is the IMF, so that's who Cash Box Int'l is. And, the IMF has told Iraq repeatedly at the IMF Article IV consultations that Iraq will maintain the peg and not float. There is no real economy outside of oil and the IMF have told Iraq that if they moved to a float the value would drop and negatively effect the common citizens of Iraq with a currency that has less purchasing power than it does on the peg. I don't see Iraq moving off the peg, this is a great article.
6-1-2017 Newshound Guru Adam Montana [Can there be an RV without an HCL passing? and conversely, can there be a passing of the HCL without an RV?] In my very FIRM opinion - NO.
6-1-2017 Newshound/Intel Guru Mnt Goat Whoever would have thought we would still be here without an RV at the end of May in the year 2017? So now we are hearing that the “official” announcement is being PLANNED for about mid June or around June 10th. Let’s wait and see how this all plays out. Please do not expect this date to be some trigger for an RV...let’s see what goodies the CBI brings us around this time. I fully expect them to begin their re-education campaign for currency reform/delete the zeros project and what they will do in the next phase of it.
6-1-2017 Newshound Guru Phillyman Alot of articles hit starting yesterday about IS getting ready for the final stand in the Old City the place of that leaning minaret, the Great Mosque of al-Nuri. They are coming up on the 3 yr anniversary of Abu Bakr al-Baghdadi declaring the caliphate there. We are witnessing what will go down as a celebrated and historic event in Iraqs history. We know they are short on holidays and could certainly use another one. Does it mean the end of IS in Iraq? Clearly it does not but it seems that the Iraqis are seeing it as a turning point. Praying its over soon.
6-1-2017 Newshound Guru Kaperoni [...is it better for Iraq to rebuild itself at the present rate or at a re- established rate?] ...at this point and time, it does not matter what the exchange rate is regarding rebuilding...since the primary source of revenue is oil sales (95%) which is paid in dollars. And since the dinar is not globally convertible, Iraq pays for goods in dollars. So in that sense they are on the same playing field we are on in the US when we pay for goods. The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting IMF Article VIII compliance. The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars.
6-1-2017 Intel/Newshound Guru Backdoc [...how does june the 8th look for things to kick off?] NO SIR. NOW THAT COUNTRIES ARE USING THEIR RATES COUNTRY TO COUNTRY SINCE MAY 15TH THEY NEED TO WORK THEIR VALUES HIGHER AND HIGHER WITH CONTRACTS UNTIL THEY REACH THE DESIRED LAUNCH VALUES. SOMETIME AFTER JULY 8TH, A SUNDAY GOING INTO A MONDAY ARE MY THOUGHTS. I LOOK FOR MOSUL ANNOUNCEMENT BETWEEN JUNE 10TH TO 15TH. THESE ARE JUST SOME THOUGHTS.
6-1-2017 Newshound Guru mike Article: "The Iraqi delegation begins its negotiations today with the International Monetary Fund" The IMF has always been focused on maintaining the peg while Iraq navigates the way towards an open market economy with legislative support to bolster it. ...the last paragraph tells us that Iraq is receiving $3 billion dollars from Cash Box International and the only ones giving Iraq $3 billion is the IMF, so that's who Cash Box Int'l is. And, the IMF has told Iraq repeatedly at the IMF Article IV consultations that Iraq will maintain the peg and not float. There is no real economy outside of oil and the IMF have told Iraq that if they moved to a float the value would drop and negatively effect the common citizens of Iraq with a currency that has less purchasing power than it does on the peg. I don't see Iraq moving off the peg, this is a great article.
6-1-2017 Newshound Guru Adam Montana [Can there be an RV without an HCL passing? and conversely, can there be a passing of the HCL without an RV?] In my very FIRM opinion - NO.
6-1-2017 Newshound/Intel Guru Mnt Goat Whoever would have thought we would still be here without an RV at the end of May in the year 2017? So now we are hearing that the “official” announcement is being PLANNED for about mid June or around June 10th. Let’s wait and see how this all plays out. Please do not expect this date to be some trigger for an RV...let’s see what goodies the CBI brings us around this time. I fully expect them to begin their re-education campaign for currency reform/delete the zeros project and what they will do in the next phase of it.
5-31-2017 Intel Guru RayRen98 The CBI Governor was on television saying the deposit protection law would be implemented soon. The IMF is supposed to meet with the CBI today. Citizens were urged to evacuate areas of Mosul, with full liberation expected in one week. ...this morning...Iraqi television is reporting ‘complete liberation of Mosul is coming soon’. I can’t see it dragging many more days now. When it’s finally concluded, with reconciliation and economic reforms completed, then we should see the currency change.
5-31-2017 Newshound Guru Kaperoni ...relax...they are not ready yet. When you see the laws passed and the banking insurance in place, investors will begin to come into Iraq...then we will see the float.
5-31-2017 Newshound Guru Adam Montana Back to the OPEC meeting - this went about as good as we could have hoped for! Kurdistan is officially exempt from the oil producing limitations agreement, which opens the door for Iraq as a whole. With that "freedom" in their back pocket, Iraq is able to put solid plans into play, particularly - you guessed it - HCL! I still maintain, as I always have, that the HCL is KEY to the success of an RV. We do NOT want to see Iraq RV, only to have the price of the currency plummet immediately due to a lack of faith in Iraq from outside countries, currency exchanges, the IMF, and all the other important pieces of this puzzle! So just because they didn't RV on the 26th does not mean we should despair or even worry - there is a specific path to success, and Iraq is in a position to take that path...Iraq is actually working on the important stuff (finally), and there is optimism about the coming days. [post 2 of 2]
5-31-2017 Newshound Guru Adam Montana ...this Ramadan is certainly like no other since what feels like 100 years ago when I first got involved in the Dinar! ...I have always maintained that nothing serious will get done during Ramadan...this is the FIRST time I've ever felt differently! THIS Ramadan, in my opinion, has potential. Potential for the HCL, potential for major announcements, potential for major progress. I have not decided if I believe this includes or excludes an actual RV, but my gut is leaning towards "Yes on HCL progress, No on a RV announcement". If there was going to be an immediate RV, it should have been done after the OPEC meeting, but before the start of the Holiday, so I'm leaning towards late June. [post 1 of 2....stay tuned]
5-31-2017 Intel Guru Bruce They are in Ramadan now and will set off the fireworks when the timing is right. Some of the parades did take place a few days ago. They are in the midst of the celebration, but not full bloom as much as they will be as soon as the announcement is let out and the budget is put in the Gazette finally with the visible. My understating is our Secretary of the Treasury was supposed to make a phone call to PM Abadi this morning [Tuesday]. I don’t have confirmation that occurred, and I think it was going to be a congratulation call for the RV of the currency and the sovereignty and return of Mosul. We don’t know the exact rate on the screens. They were trading those currencies up to new levels. Everything is moving forward and you are moving forward with it. I know we are very close. Let’s pray we are at the end of this ride and we get to see this thing very shortly. [post 2 of 2]
5-31-2017 Intel Guru Bruce I think the fact it is pretty quiet overall is a good thing. Some sources we had in the past have gone dark. A lot of things have happened very positively to move this thing along. We do know what has happened in Iraq they have had some rate changes in country. Still looking for an international announcement about the RV of the currency, and the fact they are truly sovereign as a nation and have their complete sovereignty back. The take back of Mosul has been accomplished for some time, but it is just coming out the last couple of days in main stream news. Infrastructure projects in Iraq to keep going and moving. They laid brand new electrical cable in Mosul, new fiber optics, new links in all the banks, all connected and working, ATM machines are up and running. Throughout the country all are ready. [post 1 of 2....stay tuned]
5-31-2017 Newshound/Intel Guru BGG "Our economy is space. Monetary policy is an example" The...article is a VERY HARD translation - BUT IMHO FILLED with DEAD GIVE-AWAYS! ...for those pouting about not being rich yet - this is one more log on the FIRE! What it means is - they are doing things (up until now) this economist doesn't understand and can't explain. Quotes: "...we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar..." "The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy..." BOOOOM...That's all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
5-31-2017 Newshound Guru Kaperoni ...relax...they are not ready yet. When you see the laws passed and the banking insurance in place, investors will begin to come into Iraq...then we will see the float.
5-31-2017 Newshound Guru Adam Montana Back to the OPEC meeting - this went about as good as we could have hoped for! Kurdistan is officially exempt from the oil producing limitations agreement, which opens the door for Iraq as a whole. With that "freedom" in their back pocket, Iraq is able to put solid plans into play, particularly - you guessed it - HCL! I still maintain, as I always have, that the HCL is KEY to the success of an RV. We do NOT want to see Iraq RV, only to have the price of the currency plummet immediately due to a lack of faith in Iraq from outside countries, currency exchanges, the IMF, and all the other important pieces of this puzzle! So just because they didn't RV on the 26th does not mean we should despair or even worry - there is a specific path to success, and Iraq is in a position to take that path...Iraq is actually working on the important stuff (finally), and there is optimism about the coming days. [post 2 of 2]
5-31-2017 Newshound Guru Adam Montana ...this Ramadan is certainly like no other since what feels like 100 years ago when I first got involved in the Dinar! ...I have always maintained that nothing serious will get done during Ramadan...this is the FIRST time I've ever felt differently! THIS Ramadan, in my opinion, has potential. Potential for the HCL, potential for major announcements, potential for major progress. I have not decided if I believe this includes or excludes an actual RV, but my gut is leaning towards "Yes on HCL progress, No on a RV announcement". If there was going to be an immediate RV, it should have been done after the OPEC meeting, but before the start of the Holiday, so I'm leaning towards late June. [post 1 of 2....stay tuned]
5-31-2017 Intel Guru Bruce They are in Ramadan now and will set off the fireworks when the timing is right. Some of the parades did take place a few days ago. They are in the midst of the celebration, but not full bloom as much as they will be as soon as the announcement is let out and the budget is put in the Gazette finally with the visible. My understating is our Secretary of the Treasury was supposed to make a phone call to PM Abadi this morning [Tuesday]. I don’t have confirmation that occurred, and I think it was going to be a congratulation call for the RV of the currency and the sovereignty and return of Mosul. We don’t know the exact rate on the screens. They were trading those currencies up to new levels. Everything is moving forward and you are moving forward with it. I know we are very close. Let’s pray we are at the end of this ride and we get to see this thing very shortly. [post 2 of 2]
5-31-2017 Intel Guru Bruce I think the fact it is pretty quiet overall is a good thing. Some sources we had in the past have gone dark. A lot of things have happened very positively to move this thing along. We do know what has happened in Iraq they have had some rate changes in country. Still looking for an international announcement about the RV of the currency, and the fact they are truly sovereign as a nation and have their complete sovereignty back. The take back of Mosul has been accomplished for some time, but it is just coming out the last couple of days in main stream news. Infrastructure projects in Iraq to keep going and moving. They laid brand new electrical cable in Mosul, new fiber optics, new links in all the banks, all connected and working, ATM machines are up and running. Throughout the country all are ready. [post 1 of 2....stay tuned]
5-31-2017 Newshound/Intel Guru BGG "Our economy is space. Monetary policy is an example" The...article is a VERY HARD translation - BUT IMHO FILLED with DEAD GIVE-AWAYS! ...for those pouting about not being rich yet - this is one more log on the FIRE! What it means is - they are doing things (up until now) this economist doesn't understand and can't explain. Quotes: "...we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar..." "The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy..." BOOOOM...That's all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
5-30-2017 Newshound/Intel Guru Mnt Goat The CBI will allow the 25,000, 10,000 and 5,000 to coincide in the economy for up to 10 years but in VERY limited quantities. These will used more for inter-banking transactions at this point. Some also consider the 1000 dinar note to be a candidate for this category and will remain as part of the new currency category going forward after RV. As the economy grows and the value of the dinar rises the necessity rises for the CBI to then launch the 10, 5, and 1 Dinar notes and maybe some other Fils over time, as needed. Just remember this is a SLOW process and they must build their economy to meet this trend. The economy is growing and as the government moves more and more of the funding to reconstruction away from fighting ISIS we can expect it to grow exponentially over the next couple years. So as the economy grows so will the value of their currency. Some say the currency value will rise very suddenly, as investors flock into Iraq. Well we have to wait and see what happens. [post 2 of 2]
5-30-2017 Newshound/Intel Guru Mnt Goat "Iraq’s Central Bank to delete zeros from Iraqi currency." Iraq’s Central Bank announced on Thursday that it is planning to delete the zeros from the Iraqi currency. Also remember that some the lower denoms are in FACT already launched. ...the new rate can not come out too high since they are including the 500 and 250 notes as part of the lower denoms. The 25 and 100 are also included but not yet launched. They told us these notes will come when they get closer to any significant value change. So the target for the project to delete the zeros is so misunderstood. It only includes eliminating the very large 3 zero notes including the 25,000, 10,000, 5,000 notes. But they can not do this overnight. It is a gradual phasing out over 10 years. In fact they are moving ahead with the project right now... The electronic banking, use of the key cards, etc...are all efforts to limit and shrink the money supply. With electronic banking the CBI is no longer reissuing and recirculating billions of these 3 zero notes, since it is now all digital. This is all indications and tell us of the project to delete the zeros is fully underway. [post 1 of 2....stay tuned]
5-30-2017 Intel Guru RayRen98 PM Abadi is in Mosul for an in-person view of the liberated locations. Iraqi TV (stateside) talks of preparations for celebrations projecting final completion for June 10, 2017. The IMF is expected to meet with the CBI on Wednesday. Leaflets are reportedly being being dropped in ISIS inhabited areas encouraging the citizens to evacuate. Full liberation is expected in one week. Bankers in Dubai are also hooked on seven days. Time Will Tell All.
5-30-2017 Intel Gurus Delta and Frank26 CBI...UNUSUAL...ACT...TUES. MAYBE...RED [RED ALERT?]. [CBA (CBI?) is trying to finish all auctions very quickly before the end of the week.] That would be great...Then they can use them only as and when needed. This mechanism is also being well Controlled. Lets see if they reach this goal by Sunday.
5-30-2017 Newshound Guru Kaperoni The important thing to realize...is that currency (in this case the dinar) is directly related to the success or growth of the economy. There are no overnight events... The IMF has made it very clear that the path for the dinar will be a float or gradual appreciation of the dinar based on the growth of the market economy. This is known as the Balassa-Samuelson effect... In order for the dinar to appreciate in value, Iraq needs to create the conditions that allow investors to come in and invest, participate in the economic resurgence of Iraq. When that happens, we will see the dinar appreciate. There are no shortcuts.
5-30-2017 Newshound Guru tman23 Liberation is a matter of an announcement and appears Abadi wants to make a national announcement in regards to "the event" !!! As posted last week......Friday was new moon.......in the complete darkness the assault begins putting the enemy at a huge disadvantage........we expected it to be done at the latest -Tuesday...Military commanders under Maliki's hand like to upstage Abadi........... The announcement from Abadi will show power and authority........and hopefully he can offer Iraq a vision with something tangible......... So without a single doubt there is a timing strategy to the final announcement to Mosul......
5-30-2017 Newshound/Intel Guru Mnt Goat Lots of VERY GOOD news from the CBI today about the banking practices and the new laws about to be implemented. It is all in our favor and shows us that Iraq is now serious about fixing their economy and moving to full international status. Remember I keep telling you my contact in the CBI tells me they “fully intend to keep the citizens informed of this process” to delete the zeros. They are doing just this now and fully intend to continue.
5-30-2017 Newshound Guru mike Moving to the float helped Egypt reduce corruption and provided transparency, it hurt though. The value of the the Pound dropped by half overnight but has strengthened slightly. But what's the difference between Iraq and Egypt? An open market economy and something other than oil as an export, Iraq has literally bet it's entire financial future on a commodity. I'm all for moving to a float but Iraq should remove the financial corruption, get rid of the proxy governor and move this currency to Article VIII compliance. Get these laws passed to encourage foreign investment and partner with the Iraqi's to create products and services the world wants which would create demand for the dinar. I'm really hoping Iraq can make the changes before they consider unpegging. Your move, Abadi. [post 2 of 2]
5-30-2017 Newshound/Intel Guru Mnt Goat "Iraq’s Central Bank to delete zeros from Iraqi currency." Iraq’s Central Bank announced on Thursday that it is planning to delete the zeros from the Iraqi currency. Also remember that some the lower denoms are in FACT already launched. ...the new rate can not come out too high since they are including the 500 and 250 notes as part of the lower denoms. The 25 and 100 are also included but not yet launched. They told us these notes will come when they get closer to any significant value change. So the target for the project to delete the zeros is so misunderstood. It only includes eliminating the very large 3 zero notes including the 25,000, 10,000, 5,000 notes. But they can not do this overnight. It is a gradual phasing out over 10 years. In fact they are moving ahead with the project right now... The electronic banking, use of the key cards, etc...are all efforts to limit and shrink the money supply. With electronic banking the CBI is no longer reissuing and recirculating billions of these 3 zero notes, since it is now all digital. This is all indications and tell us of the project to delete the zeros is fully underway. [post 1 of 2....stay tuned]
5-30-2017 Intel Guru RayRen98 PM Abadi is in Mosul for an in-person view of the liberated locations. Iraqi TV (stateside) talks of preparations for celebrations projecting final completion for June 10, 2017. The IMF is expected to meet with the CBI on Wednesday. Leaflets are reportedly being being dropped in ISIS inhabited areas encouraging the citizens to evacuate. Full liberation is expected in one week. Bankers in Dubai are also hooked on seven days. Time Will Tell All.
5-30-2017 Intel Gurus Delta and Frank26 CBI...UNUSUAL...ACT...TUES. MAYBE...RED [RED ALERT?]. [CBA (CBI?) is trying to finish all auctions very quickly before the end of the week.] That would be great...Then they can use them only as and when needed. This mechanism is also being well Controlled. Lets see if they reach this goal by Sunday.
5-30-2017 Newshound Guru Kaperoni The important thing to realize...is that currency (in this case the dinar) is directly related to the success or growth of the economy. There are no overnight events... The IMF has made it very clear that the path for the dinar will be a float or gradual appreciation of the dinar based on the growth of the market economy. This is known as the Balassa-Samuelson effect... In order for the dinar to appreciate in value, Iraq needs to create the conditions that allow investors to come in and invest, participate in the economic resurgence of Iraq. When that happens, we will see the dinar appreciate. There are no shortcuts.
5-30-2017 Newshound Guru tman23 Liberation is a matter of an announcement and appears Abadi wants to make a national announcement in regards to "the event" !!! As posted last week......Friday was new moon.......in the complete darkness the assault begins putting the enemy at a huge disadvantage........we expected it to be done at the latest -Tuesday...Military commanders under Maliki's hand like to upstage Abadi........... The announcement from Abadi will show power and authority........and hopefully he can offer Iraq a vision with something tangible......... So without a single doubt there is a timing strategy to the final announcement to Mosul......
5-30-2017 Newshound/Intel Guru Mnt Goat Lots of VERY GOOD news from the CBI today about the banking practices and the new laws about to be implemented. It is all in our favor and shows us that Iraq is now serious about fixing their economy and moving to full international status. Remember I keep telling you my contact in the CBI tells me they “fully intend to keep the citizens informed of this process” to delete the zeros. They are doing just this now and fully intend to continue.
5-30-2017 Newshound Guru mike Moving to the float helped Egypt reduce corruption and provided transparency, it hurt though. The value of the the Pound dropped by half overnight but has strengthened slightly. But what's the difference between Iraq and Egypt? An open market economy and something other than oil as an export, Iraq has literally bet it's entire financial future on a commodity. I'm all for moving to a float but Iraq should remove the financial corruption, get rid of the proxy governor and move this currency to Article VIII compliance. Get these laws passed to encourage foreign investment and partner with the Iraqi's to create products and services the world wants which would create demand for the dinar. I'm really hoping Iraq can make the changes before they consider unpegging. Your move, Abadi. [post 2 of 2]
5-29-2017 Newshound Guru mike Article: "Our economy space .. monetary policy is an example" Quote: "The edit currency or floating is not something strange or innovative in the money market, it is a tool of monetary policy for the countries of tools and not something terrifying or misadventure as portrayed by users of the thieves of currency teams in the bank auction" Iraq's corruption is holding up progress. They've essentially dismantled the Finance Ministry and have hamstrung the CBI by keeping a Maliki proxy in as its leader. Things like this, and more, have prevented Iraq from moving to a free float because their actions are what's creating the spread and preventing a move to Article VIII. This serves the corrupt because they can continue to make $10-$15 million per day and the machine grinds along until there's no more reserves left to pillage. [post 1 of 2....stay tuned]
5-29-2017 Newshound Guru G-Lin Article: "Central Bank Governor: Deposit Protection Law will be published very soon" I read yesterday that the peeps still have their money under their mattresses. They tried to entice them with bonds and flood the market with USD and they still will not turn loose of their dinars. I seriously think the only way they can pull dinars in is with an increase in value and this deposit protection in place. JMO. Since Alak is doing the talking, I think it will happen soon. Actually "very soon" as the art. states. The law that is. Then maybe good things will follow.
5-29-2017 Intel Guru RayRen98 The CBI governor was on TV saying the Protection Deposit Law will be implemented soon. The final battle for Old City should be on Wednesday. Early Sunday update still showing one area needed. Another bridge was captured today along with a hospital, the fighting continues.
5-29-2017 Newshound Guru G-Lin Article: "Central Bank Governor: Deposit Protection Law will be published very soon" I read yesterday that the peeps still have their money under their mattresses. They tried to entice them with bonds and flood the market with USD and they still will not turn loose of their dinars. I seriously think the only way they can pull dinars in is with an increase in value and this deposit protection in place. JMO. Since Alak is doing the talking, I think it will happen soon. Actually "very soon" as the art. states. The law that is. Then maybe good things will follow.
5-29-2017 Intel Guru RayRen98 The CBI governor was on TV saying the Protection Deposit Law will be implemented soon. The final battle for Old City should be on Wednesday. Early Sunday update still showing one area needed. Another bridge was captured today along with a hospital, the fighting continues.
5-28-2017 Newshound Guru Kaperoni Article: "Central Bank Governor for "Tomorrow Press": Deposit Protection Act will see the light very soon" ...I believe it is as simple as implementation. The CoM and parliament have already approved the law.
5-28-2017 Intel Guru Delta Article: "Central Bank Governor for "Tomorrow Press": Deposit Protection Act will see the light very soon" THIS LAW WAS PASS LONG TIME AGO. THEY JUST NEED TO IMPLEMENT ..THE TIMING IS VERY INTERESTING!
5-28-2017 Newshound Guru Kaperoni Article: "Is it time to reduce the value of the Iraqi currency? / Ibrahim al-Mashhadani " The way I get this is he is saying it is time to reduce the reasons for keeping the dinar weak..and open the market economy so the dinar can rise in value.
5-28-2017 Intel Guru Daz IRAQI FORCES STORM REMAINING ISIS HELD NEIGHBORHOODS IN WESTERN MOSUL IN BID TO SURROUND THE TERROR GROUP, IRAQ OFFICIALS SAY. ONCE FORCES RECAPTURE LAST REMAINING NEIGHBORHOOD IRAQ GOVERNMENT WILL ANNOUNCE THE LIBERATION OF MOSUL FROM FROM ISIS, SAYS COUNTRY'S JOINT OPERATIONAL COMMAND ...'ON THE CNN CRAWL' [See the latest Mosul map below]
5-28-2017 Newshound Guru Aggiedad77 Article: "Article: Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" ...even if they RV'ed right now this second...they as a country...Iraq...will not immediately begin to reap any benefits from the action...it will take time...just as it has taken them time to go from what they agreed upon with the IMF/WB way back when until now... Sure we may see the RV...and sure that can definitely benefit us in a hurry...but for Iraq as a country...they don't care about us as investors...they care about their people...about the long term safety and security and stability of their nation and people...that is what this article IMO is talking about. It is evolving...it's the very LAVA FLOW that Frank [Guru Frank26] has spoken of for years...nothing will stop it...don't get in its way...it flows mightily...and I am excited by all we see of it...today, yesterday, last week, last month, even last year...oh buddy what is coming is pure excitement in my book...all IMO.
5-28-2017 **** Dinar Guru News Update **** Below are the latest Mosul maps. On the left is a zoomed in view of the "old city" part of town. On the right is zoomed out view of West Mosul. Guru reports are coming in that a full assault has begun to liberate the city. On the left you can see the progress that was made in less than 24 hours. Stay tuned as this story unfolds.
5-28-2017 Intel Guru Delta Article: "Central Bank Governor for "Tomorrow Press": Deposit Protection Act will see the light very soon" THIS LAW WAS PASS LONG TIME AGO. THEY JUST NEED TO IMPLEMENT ..THE TIMING IS VERY INTERESTING!
5-28-2017 Newshound Guru Kaperoni Article: "Is it time to reduce the value of the Iraqi currency? / Ibrahim al-Mashhadani " The way I get this is he is saying it is time to reduce the reasons for keeping the dinar weak..and open the market economy so the dinar can rise in value.
5-28-2017 Intel Guru Daz IRAQI FORCES STORM REMAINING ISIS HELD NEIGHBORHOODS IN WESTERN MOSUL IN BID TO SURROUND THE TERROR GROUP, IRAQ OFFICIALS SAY. ONCE FORCES RECAPTURE LAST REMAINING NEIGHBORHOOD IRAQ GOVERNMENT WILL ANNOUNCE THE LIBERATION OF MOSUL FROM FROM ISIS, SAYS COUNTRY'S JOINT OPERATIONAL COMMAND ...'ON THE CNN CRAWL' [See the latest Mosul map below]
5-28-2017 Newshound Guru Aggiedad77 Article: "Article: Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" ...even if they RV'ed right now this second...they as a country...Iraq...will not immediately begin to reap any benefits from the action...it will take time...just as it has taken them time to go from what they agreed upon with the IMF/WB way back when until now... Sure we may see the RV...and sure that can definitely benefit us in a hurry...but for Iraq as a country...they don't care about us as investors...they care about their people...about the long term safety and security and stability of their nation and people...that is what this article IMO is talking about. It is evolving...it's the very LAVA FLOW that Frank [Guru Frank26] has spoken of for years...nothing will stop it...don't get in its way...it flows mightily...and I am excited by all we see of it...today, yesterday, last week, last month, even last year...oh buddy what is coming is pure excitement in my book...all IMO.
5-28-2017 **** Dinar Guru News Update **** Below are the latest Mosul maps. On the left is a zoomed in view of the "old city" part of town. On the right is zoomed out view of West Mosul. Guru reports are coming in that a full assault has begun to liberate the city. On the left you can see the progress that was made in less than 24 hours. Stay tuned as this story unfolds.
5-28-2017 Intel/Newshound Guru tman23 [...what is Your thoughts on where this is heading.] ...the final assault on toughest part of Mosul started...and we knew it would be a go this weekend...we suspect it will over by Tuesday at the very latest...Either this thing shows this coming week...from Monday to the 1st...or IMO...we are going to 2018...
5-27-2017 Guest Guru Regal ...there seems to be some misconceptions in the guru community about Ramadan...I lived overseas (Kuwait, Afghanistan) for many years...Ramadan is a period of fasting and prayer that begins each morning at a predetermined hour and ends each evening at a predetermined hour. Businesses support this practice by remaining closed during these hours which; customarily, is from just before sunrise to sunset. However, the entire business markets (to include banks) will typically reopen each evening and is common for them to remain open for business as late as 11pm. Yes; it is business as usual during these irregular hours throughout the business markets. And yes...when I lived in Kuwait I've gone into the bank as late as 10pm at night and performed banking transactions. Governments are working...Bank officials are working...Grocery stores are open...Everybody is working during Ramadan, only in the evenings.
5-27-2017 Intel Guru Frank26 MOSUL IS LIBERATED...THERE ARE STILL FIGHTING POCKETS...BUT MOSQUE IS DONE...ARTICLES SHOULD COME OUT TOMORROW SO FOR NOW THIS IS...IMO....
5-27-2017 Intel Guru RayRen98 Iraq: Full scale assault on Old City and remaining districts, neighborhoods and villages. The “public-based” full liberation of Mosul is expected later this evening.
5-27-2017 Newshound Guru Kaperoni Article: "The role of banks in the development" Quote: "...banking performance "financial sector" is one of the most important turning points for economic development in Iraq, and its association with investment capital to be attracted to the local labor field." I love these kinds of articles...it confirms the urgency of activation of the banking sector sooner than later...especially under the conditions that exist post ISIL in Iraq. They need private investors more than ever to put people to work and rebuild.
5-27-2017 Intel Guru Delta Article: "Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" Quote: "...the recovery of the Iraqi economy and Iraq a positive sign will come out of its crisis at the end of the year after the completion of the war against Daesh, and the government 's attention and orientation towards what has been planned during the first half of the current year." BASE ON THIS ARTICLE IT SHOULD BE DONE BY THE FIRST HALF OF 2017...KEEP IN MIND THAT WILL NOT HELP IRAQ RIGHT AWAY ( IT WILL HELP US RIGHT AWAY...) IT WILL TAKE THEM UNTIL END OF THE YEAR TO SEE A GOOD OUT COME.
5-27-2017 Newshound Guru Aggiedad77 And here they stand with the approval of the IMF for their efforts...with the approval and help of the WB for their efforts...this has been no easy task by any stretch of anyone's imagination ...but get ready world...because this economic scholar and others like him including the HUGE CHEERLEADER Dr. Saleh, Abadi's right hand man are trying to let the world know..."YOU AIN'T SEEN NOTHING YET"...How many more ways can they tell us...it's coming...get your boots on for the ride you've been looking for...not next year...but now...as in the NOW...it's coming...the BEST is coming. [post 2 of 2]
5-27-2017 Newshound Guru Aggiedad77 Article: "Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" Since 2014 Iraq has fallen into an abyss with the falling oil prices and how it's come to light that Maliki and other corrupt politicians and goons have robbed this country literally of almost all their money...they have yet not taken a down and out attitude...I continue to applaud PM Abadi who has had to stand in the face of a hailstorm of opposition, not only from within his own country, but also from certain world leaders on the outside as well...no easy task for him to stand up in a den of thieves and say we will have integrity and honesty and we will deal with corruption and terrorism at every level, doesn't matter if it is political, religious, or sectarian, we will oust the ones who have perpetrated these injustices against the Iraqi people... [post 1 of 2....stay tuned]
5-27-2017 Intel Guru Frank26 MOSUL IS LIBERATED...THERE ARE STILL FIGHTING POCKETS...BUT MOSQUE IS DONE...ARTICLES SHOULD COME OUT TOMORROW SO FOR NOW THIS IS...IMO....
5-27-2017 Intel Guru RayRen98 Iraq: Full scale assault on Old City and remaining districts, neighborhoods and villages. The “public-based” full liberation of Mosul is expected later this evening.
5-27-2017 Newshound Guru Kaperoni Article: "The role of banks in the development" Quote: "...banking performance "financial sector" is one of the most important turning points for economic development in Iraq, and its association with investment capital to be attracted to the local labor field." I love these kinds of articles...it confirms the urgency of activation of the banking sector sooner than later...especially under the conditions that exist post ISIL in Iraq. They need private investors more than ever to put people to work and rebuild.
5-27-2017 Intel Guru Delta Article: "Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" Quote: "...the recovery of the Iraqi economy and Iraq a positive sign will come out of its crisis at the end of the year after the completion of the war against Daesh, and the government 's attention and orientation towards what has been planned during the first half of the current year." BASE ON THIS ARTICLE IT SHOULD BE DONE BY THE FIRST HALF OF 2017...KEEP IN MIND THAT WILL NOT HELP IRAQ RIGHT AWAY ( IT WILL HELP US RIGHT AWAY...) IT WILL TAKE THEM UNTIL END OF THE YEAR TO SEE A GOOD OUT COME.
5-27-2017 Newshound Guru Aggiedad77 And here they stand with the approval of the IMF for their efforts...with the approval and help of the WB for their efforts...this has been no easy task by any stretch of anyone's imagination ...but get ready world...because this economic scholar and others like him including the HUGE CHEERLEADER Dr. Saleh, Abadi's right hand man are trying to let the world know..."YOU AIN'T SEEN NOTHING YET"...How many more ways can they tell us...it's coming...get your boots on for the ride you've been looking for...not next year...but now...as in the NOW...it's coming...the BEST is coming. [post 2 of 2]
5-27-2017 Newshound Guru Aggiedad77 Article: "Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" Since 2014 Iraq has fallen into an abyss with the falling oil prices and how it's come to light that Maliki and other corrupt politicians and goons have robbed this country literally of almost all their money...they have yet not taken a down and out attitude...I continue to applaud PM Abadi who has had to stand in the face of a hailstorm of opposition, not only from within his own country, but also from certain world leaders on the outside as well...no easy task for him to stand up in a den of thieves and say we will have integrity and honesty and we will deal with corruption and terrorism at every level, doesn't matter if it is political, religious, or sectarian, we will oust the ones who have perpetrated these injustices against the Iraqi people... [post 1 of 2....stay tuned]
5-26-2017 Newshound/Intel Guru Mnt Goat We know that some of the automated Teller Machines (ATM) already have been loaded with the lower denominations. They are supposed to be switched off and in some cases the citizens were able to receive funds from them. These notes are virtually worthless without a significant increase in their value. So this too adds to the confusion and misperception that the RV happened, since some have the new notes. My understanding is that all the CBI is now waiting for is to get the approval or the “green light” from the GOI. So now we just sit and wait to see what happens. [post 2 of 2]
5-26-2017 Newshound/Intel Guru Mnt Goat ...we did hear of news of only one more village that needed liberation the fight to regain Mosul, Iraq. Some military leaders tell us it is all completed, some other say not yet, then give a timeframe. My conclusion is they are having a very difficult time dislodging the final groups of ISIS. There is much they don’t want us to know and are hiding from us. The govt needs to keep pretending as though they are in control but this is not true. They must show the world their strength to defend themselves. How long will this attitude continue? It will continue as long as necessary to hide and cover up the delay to move forward with the economic reforms, as they know they must go full speed ahead with the “project to delete the zeros”, revalue the currency and begin the launching of the new notes. Are they ready? [post 1 of 2....stay tuned]
5-26-2017 Intel Guru RayRen98 The last information we had said that Mosul was down to two districts, and that is on the television as well... Iraqi television is also saying economic reforms where being discussed yesterday and today. The lower denomination notes are supposed to be distributed this week as well; I haven’t heard any confirmation on that release as yet. We are also awaiting OFFICIAL information on the full liberation of Mosul; there have been internet rumors, but nothing official. The leaders in Iraq say that Mosul will be liberated before Ramadan, and that starts national reconciliation and economic reform. That may still develop; we’ll see.
5-26-2017 Newshound/Intel Guru Bluedog SO...RAMADAN...THE GOI (IMO) WILL WORK THRU IT...AND THE IRAQI PEOPLE WILL JUST DO THEIR RITUAL AND NOT EAT B4 DUSK BUT DOES THAT REALLY MEAN THE COUNTRY WILL FOLD UP...I DO NOT THINK SO...WE SEE THAT FOLKS ARE RETURNING TO AREAS THAT ISIS HELD...GATHERING THEIR LIVES BACK...THE CBI DOES NOT WAIT FOR A SPECIAL DAY...THEY JUST MOVE WHEN PRUDENT...NO ONE KNOWS THE DATE OR RATE...DO NOT WATCH FOR A HOLIDAY FOR THEM OR FOR YOU. KUWAIT DID NOT WAIT FOR OUR MEMORIAL DAY OR FOURTH OF JULY THEY JUST PULLED IT... THEIR BANKS HAD VERY LITTLE ELECTRIC...SMOKE WAS BURNING THEIR EYES FROM OIL WELL FIRES...IT IS PROGRAMMED TO HAPPEN...(IMO) AND SOON.
5-26-2017 Intel Guru Frank26 ...deals that occurred in Saudi Arabia for Gas and Oil with many major oil companies...was over $200 billion dollars worth...huge deals…that were done with General Dynamics, Lockheed Martin, Exxon-Mobil, Raytheon, Dow Chemical, Honeywell...these are big mega-deals for oil…And part of that deal...we believe is for Saudi Arabia to pull back on production so that the price of oil can skyrocket…that will IMO stimulate the budget and stimulate their new rate…if it can get up to $65 which I think it is going to very quickly….$60-$65….the Iraqi dinar could come out at 3+...if the barrel of oil would go up to $95-$100...you could be looking at 4 or 5 or 6+…for the revaluation of their currency…what if it were over $100/barrel...well why don’t you wait and watch and see if it happens.
5-26-2017 Newshound Guru Aggiedad77 Article: "Reduction of official working hours of one hour during the month of Ramadan" Straight from the horse's mouth...REDUCTION of work hours by one hour during Ramadan...nothing completely stops...Ok sure Parliament took a break for the month...but IMO we don't need them to do what we feel is necessary...IMO...and...when he said that we need for the GOI to talk to the CBI...he's meaning Abadi and his COM...his cabinet if you will...not the full membership of Parliament...This group is the one who meets every Tuesday with Abadi...they are the true political movers and shakers IMO who will be giving instructions to the CBI and Allak...it is coming...the BEST is coming..
5-26-2017 Newshound/Intel Guru Mnt Goat ...we did hear of news of only one more village that needed liberation the fight to regain Mosul, Iraq. Some military leaders tell us it is all completed, some other say not yet, then give a timeframe. My conclusion is they are having a very difficult time dislodging the final groups of ISIS. There is much they don’t want us to know and are hiding from us. The govt needs to keep pretending as though they are in control but this is not true. They must show the world their strength to defend themselves. How long will this attitude continue? It will continue as long as necessary to hide and cover up the delay to move forward with the economic reforms, as they know they must go full speed ahead with the “project to delete the zeros”, revalue the currency and begin the launching of the new notes. Are they ready? [post 1 of 2....stay tuned]
5-26-2017 Intel Guru RayRen98 The last information we had said that Mosul was down to two districts, and that is on the television as well... Iraqi television is also saying economic reforms where being discussed yesterday and today. The lower denomination notes are supposed to be distributed this week as well; I haven’t heard any confirmation on that release as yet. We are also awaiting OFFICIAL information on the full liberation of Mosul; there have been internet rumors, but nothing official. The leaders in Iraq say that Mosul will be liberated before Ramadan, and that starts national reconciliation and economic reform. That may still develop; we’ll see.
5-26-2017 Newshound/Intel Guru Bluedog SO...RAMADAN...THE GOI (IMO) WILL WORK THRU IT...AND THE IRAQI PEOPLE WILL JUST DO THEIR RITUAL AND NOT EAT B4 DUSK BUT DOES THAT REALLY MEAN THE COUNTRY WILL FOLD UP...I DO NOT THINK SO...WE SEE THAT FOLKS ARE RETURNING TO AREAS THAT ISIS HELD...GATHERING THEIR LIVES BACK...THE CBI DOES NOT WAIT FOR A SPECIAL DAY...THEY JUST MOVE WHEN PRUDENT...NO ONE KNOWS THE DATE OR RATE...DO NOT WATCH FOR A HOLIDAY FOR THEM OR FOR YOU. KUWAIT DID NOT WAIT FOR OUR MEMORIAL DAY OR FOURTH OF JULY THEY JUST PULLED IT... THEIR BANKS HAD VERY LITTLE ELECTRIC...SMOKE WAS BURNING THEIR EYES FROM OIL WELL FIRES...IT IS PROGRAMMED TO HAPPEN...(IMO) AND SOON.
5-26-2017 Intel Guru Frank26 ...deals that occurred in Saudi Arabia for Gas and Oil with many major oil companies...was over $200 billion dollars worth...huge deals…that were done with General Dynamics, Lockheed Martin, Exxon-Mobil, Raytheon, Dow Chemical, Honeywell...these are big mega-deals for oil…And part of that deal...we believe is for Saudi Arabia to pull back on production so that the price of oil can skyrocket…that will IMO stimulate the budget and stimulate their new rate…if it can get up to $65 which I think it is going to very quickly….$60-$65….the Iraqi dinar could come out at 3+...if the barrel of oil would go up to $95-$100...you could be looking at 4 or 5 or 6+…for the revaluation of their currency…what if it were over $100/barrel...well why don’t you wait and watch and see if it happens.
5-26-2017 Newshound Guru Aggiedad77 Article: "Reduction of official working hours of one hour during the month of Ramadan" Straight from the horse's mouth...REDUCTION of work hours by one hour during Ramadan...nothing completely stops...Ok sure Parliament took a break for the month...but IMO we don't need them to do what we feel is necessary...IMO...and...when he said that we need for the GOI to talk to the CBI...he's meaning Abadi and his COM...his cabinet if you will...not the full membership of Parliament...This group is the one who meets every Tuesday with Abadi...they are the true political movers and shakers IMO who will be giving instructions to the CBI and Allak...it is coming...the BEST is coming..
5-25-2017 Intel Guru Frank26 We are simply waiting for the government of Iraq...to tell the Central Bank of Iraq to activate the lifting of the 000’s from their exchange rate to add value to their currency...that is it. Now granted we have added that we would like for Mosul to be announced…and we told you there were a lot of deals...a tremendous amount of deals that occurred when the ME Summit occurred...whether it was with Abadi, Donald Trump...whoever it may be...these were some amazing deals...we suggested they lead up to the price of oil going up...is that directed at the Monetary Reform of the Iraqi dinar...I think you can answer that question yourself can’t you...
5-25-2017 Newshound Guru Aggiedad77 Frank [Guru Frank26] is expecting the price of oil to jump from the low $50/barrel range upwards to at least $60-$65/barrel ...the curtailment of oil production by the OPEC nations and other non-OPEC entities will drive this and make it happen...called supply and demand...But ...at the same time...the Iraqi dinar could come out at 3+...follow the oil prices....and he's not saying it has to be at $60 to come out IMO...but at $60-65...we could see 3+...and yes you are right on the 4...5...6+...if oil continues to climb to the $95-100 range...IOO.
5-25-2017 Newshound Guru Aggiedad77 [So with Ramadan starting tomorrow and nothing gets done during this period then we look to the next window which is after Ramadan?] Sorry but I respectfully disagree...yes Ramadan starts tomorrow ...but you should not think that country or that all countries who recognize Ramadan shut down completely...remember Frank [Guru Frank26] has said numerous times it is not a holiday...People still go to work, work continues...just for not as many hours per day...that's my take on it...the RV can happen at whatever point they deem they are ready...
5-25-2017 Newshound Guru mike Article: "Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund in 2017" Quote: "Nasiri pointed out that the recovery of the Iraqi economy indicators began to appear after the relative rise in global oil prices during the period from the beginning of the current year to the day" It sounds to me like they're still counting on oil to save the day.... The hold up is simple, it's the lack of political will to implement reforms and change. I firmly believe Iraq can and will do great things in the future, but they have a lot of work in front of them. Reform the banks and the courts, get rid of the corrupt and find a way for Parliament to work together instead of fighting each other at every turn. Abadi needs to step up and be the leader everyone thought he would be when he was elected as the Prime Minister, otherwise it going to be more of the same. As always, this is...my opinion.
5-25-2017 Newshound Guru Aggiedad77 Frank [Guru Frank26] is expecting the price of oil to jump from the low $50/barrel range upwards to at least $60-$65/barrel ...the curtailment of oil production by the OPEC nations and other non-OPEC entities will drive this and make it happen...called supply and demand...But ...at the same time...the Iraqi dinar could come out at 3+...follow the oil prices....and he's not saying it has to be at $60 to come out IMO...but at $60-65...we could see 3+...and yes you are right on the 4...5...6+...if oil continues to climb to the $95-100 range...IOO.
5-25-2017 Newshound Guru Aggiedad77 [So with Ramadan starting tomorrow and nothing gets done during this period then we look to the next window which is after Ramadan?] Sorry but I respectfully disagree...yes Ramadan starts tomorrow ...but you should not think that country or that all countries who recognize Ramadan shut down completely...remember Frank [Guru Frank26] has said numerous times it is not a holiday...People still go to work, work continues...just for not as many hours per day...that's my take on it...the RV can happen at whatever point they deem they are ready...
5-25-2017 Newshound Guru mike Article: "Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund in 2017" Quote: "Nasiri pointed out that the recovery of the Iraqi economy indicators began to appear after the relative rise in global oil prices during the period from the beginning of the current year to the day" It sounds to me like they're still counting on oil to save the day.... The hold up is simple, it's the lack of political will to implement reforms and change. I firmly believe Iraq can and will do great things in the future, but they have a lot of work in front of them. Reform the banks and the courts, get rid of the corrupt and find a way for Parliament to work together instead of fighting each other at every turn. Abadi needs to step up and be the leader everyone thought he would be when he was elected as the Prime Minister, otherwise it going to be more of the same. As always, this is...my opinion.
5-24-2017 Intel Guru Frank26 [Wouldn't it be a good ideal to announce Mosul this Friday so they can take advantage of this 3 day holiday weekend to load the rates?] IOO...We no longer see a need for 3 days...Due to some much already in line for the RV. 24 (hours?) is suffice.
5-24-2017 Newshound Guru Phillyman Article: "Invitations to activate the tourism sector" Speaking of tourism...I just saw this. Article: "International Football Returning to Iraq" Quote: "After a years-long absence predominantly due to security concerns, international football will return to Iraq when the country hosts a second-round match of the Asian Football Confederation (AFC) Cup."
5-24-2017 Intel Guru RayRen98 We can hear the clock ticking pretty loudly. We are halfway through the week. We had an unusually quiet day yesterday for intel; most who have information agree there is a stalling...maybe pacing is a better word. Iraq is reporting 7% still left in Mosul, and it’s taking weeks to knock that out? We heard about successes on Monday, then nothing. We do think they want to have this wrapped up by Ramadan, which is Friday evening. We have been told about an in-country rate of 90 cents. I firmly believe that the lower denoms are in the ATMs and are disbursed in some areas; my sources have told me that, and I believe those sources. However, I have not personally ‘confirmed’ that. I expect to receive more information this week, to give us an indication of when we can make appointments in the US banks at the early part of next week, which would still be in May, before the end of the month. This ride is almost over.
5-24-2017 Newshound Guru Adam Montana Either way, we're hoping for an exemption on Iraq. The exemption should be good for the duration of the deal all of the OPEC participating countries have already informally agreed to (6, possibly 9) months, which is an ideal time frame for Iraq to pass the HCL and change the rate on the dinar. This is a PERFECT situation for us! if Iraq is granted ANY kind of exempt status from the limiting of oil production (that Russia and Saudi Arabia and others already agreed to take part in), this is red carpet and golden ropes time! [post 2 of 2]
5-24-2017 Newshound Guru Adam Montana ...the latest Dinar news, here's the deal: OPEC is set to meet tomorrow (Thursday 25th of May). Today's preliminary meetings went extremely well, and all my sources are telling me that the process should be a very amicable one tomorrow, when they make it official. This is NOT like an Iraqi Parliament meeting... we're not expecting this to drag out till the "next session". This should be solid TOMORROW. And what we are hoping for, fingers crossed, is that Iraq is quietly granted an exemption to the oil output deal for a limited time. This is going to be an incredibly opportune time for them to pop their HCL into place either immediately, possibly the same day or the 26th, or it will prompt them into taking the actions that will show us the HCL immediately following Ramadan. [post 1 of 2....stay tuned]
5-24-2017 Intel Guru Bruce The lower denoms are out now through the ATM machines. It was in 13 of the 16 Providences up until yesterday at 10am our time. Then we found out the remaining 3 Providences caught up and became also 100% available for these lower denoms. These lower denoms wouldn’t have any value if the dinar hadn’t change its value already. You wouldn’t need lower notes if the dinar didn’t have a true value. ...in addition to that is you remember the term “fils”? In Iraq these fils are 1/1000th of a dinar...Those are out. Are these coming out of the ATMS? NO. They will be available in the banks. The lower denoms will be available in the banks and the ATMS. I remember years ago we knew that when we would see the lower notes, we are there. We are there. Iraq is basically in my opinion is ready...It is about to go, about to happen. We have heard it is the goal of those we talked to in Iraq to have this revalue of the dinar out in public and for us before Ramadan starts. [post 2 of 2]
5-24-2017 Intel Guru Bruce I didn’t expect to be here...because of the information we were getting that was so positive. What we were looking for last time on Thursday for this basically to come to an end. Iraq was looking good. We had confirmation and a news report on FOX yesterday that the war over in Mosul was over. That was telling us the liberation of Mosul was at hand. ...sources we have are much closer to the action ...tell us in fact it has been 3 weeks that Mosul had been liberated, but did not make the news until yesterday. [post 1 of 2....stay tuned]
5-24-2017 Newshound Guru Phillyman Article: "U.S. plan to sell oil reserves undermines OPEC supply management efforts" Quote: "U.S. President Donald Trump's proposal to sell half of the United States' strategic oil reserve surprised energy markets on Tuesday since it counters OPEC's efforts to control supply in order to boost prices." If this goes through it will clearly keep the pressure on for Iraq to diversify their economy.
5-24-2017 Newshound Guru Phillyman Article: "Invitations to activate the tourism sector" Speaking of tourism...I just saw this. Article: "International Football Returning to Iraq" Quote: "After a years-long absence predominantly due to security concerns, international football will return to Iraq when the country hosts a second-round match of the Asian Football Confederation (AFC) Cup."
5-24-2017 Intel Guru RayRen98 We can hear the clock ticking pretty loudly. We are halfway through the week. We had an unusually quiet day yesterday for intel; most who have information agree there is a stalling...maybe pacing is a better word. Iraq is reporting 7% still left in Mosul, and it’s taking weeks to knock that out? We heard about successes on Monday, then nothing. We do think they want to have this wrapped up by Ramadan, which is Friday evening. We have been told about an in-country rate of 90 cents. I firmly believe that the lower denoms are in the ATMs and are disbursed in some areas; my sources have told me that, and I believe those sources. However, I have not personally ‘confirmed’ that. I expect to receive more information this week, to give us an indication of when we can make appointments in the US banks at the early part of next week, which would still be in May, before the end of the month. This ride is almost over.
5-24-2017 Newshound Guru Adam Montana Either way, we're hoping for an exemption on Iraq. The exemption should be good for the duration of the deal all of the OPEC participating countries have already informally agreed to (6, possibly 9) months, which is an ideal time frame for Iraq to pass the HCL and change the rate on the dinar. This is a PERFECT situation for us! if Iraq is granted ANY kind of exempt status from the limiting of oil production (that Russia and Saudi Arabia and others already agreed to take part in), this is red carpet and golden ropes time! [post 2 of 2]
5-24-2017 Newshound Guru Adam Montana ...the latest Dinar news, here's the deal: OPEC is set to meet tomorrow (Thursday 25th of May). Today's preliminary meetings went extremely well, and all my sources are telling me that the process should be a very amicable one tomorrow, when they make it official. This is NOT like an Iraqi Parliament meeting... we're not expecting this to drag out till the "next session". This should be solid TOMORROW. And what we are hoping for, fingers crossed, is that Iraq is quietly granted an exemption to the oil output deal for a limited time. This is going to be an incredibly opportune time for them to pop their HCL into place either immediately, possibly the same day or the 26th, or it will prompt them into taking the actions that will show us the HCL immediately following Ramadan. [post 1 of 2....stay tuned]
5-24-2017 Intel Guru Bruce The lower denoms are out now through the ATM machines. It was in 13 of the 16 Providences up until yesterday at 10am our time. Then we found out the remaining 3 Providences caught up and became also 100% available for these lower denoms. These lower denoms wouldn’t have any value if the dinar hadn’t change its value already. You wouldn’t need lower notes if the dinar didn’t have a true value. ...in addition to that is you remember the term “fils”? In Iraq these fils are 1/1000th of a dinar...Those are out. Are these coming out of the ATMS? NO. They will be available in the banks. The lower denoms will be available in the banks and the ATMS. I remember years ago we knew that when we would see the lower notes, we are there. We are there. Iraq is basically in my opinion is ready...It is about to go, about to happen. We have heard it is the goal of those we talked to in Iraq to have this revalue of the dinar out in public and for us before Ramadan starts. [post 2 of 2]
5-24-2017 Intel Guru Bruce I didn’t expect to be here...because of the information we were getting that was so positive. What we were looking for last time on Thursday for this basically to come to an end. Iraq was looking good. We had confirmation and a news report on FOX yesterday that the war over in Mosul was over. That was telling us the liberation of Mosul was at hand. ...sources we have are much closer to the action ...tell us in fact it has been 3 weeks that Mosul had been liberated, but did not make the news until yesterday. [post 1 of 2....stay tuned]
5-24-2017 Newshound Guru Phillyman Article: "U.S. plan to sell oil reserves undermines OPEC supply management efforts" Quote: "U.S. President Donald Trump's proposal to sell half of the United States' strategic oil reserve surprised energy markets on Tuesday since it counters OPEC's efforts to control supply in order to boost prices." If this goes through it will clearly keep the pressure on for Iraq to diversify their economy.
5-23-2017 Newshound/Intel Guru Mnt Goat Article: "Experts: float the currency needs to be a productive economy and not Rieia" This article is a series of economic experts talking about options to change the value of the dinar. They are saying that the float may work if they transform the Iraqi economy to a very productive economy. WOW! WE know they fully intend to bring the dinar up to 1:1 with the dollar and float it. The article is so amazing...it shows us that right now they are debating in the GOI over what to do with the value of the dinar. ...they are debating whether to give the CBI the “green light” again to continue with the project to delete the zeros, which ultimately is a revaluation. I told you this would be the next step post ISIS liberation and so we see it taking place right now in front of our noses. If they decide to go ahead (which I believe they will), we should then see any day now articles from an announcement from the CBI telling us they are continuing this effort once again that they postponed since 2015. This is why I luv this article so much...It is right on track and what we were expecting…
5-23-2017 Newshound Guru Kaperoni ...we all know the dinar is pegged to the dollar... [...wouldn't Iraq have to/want to be in Article VIII compliance before they unpegged?] I can only speculate based on the IMF docs that I have read. But I would assume so...because the raising of the value of the dinar is directly related to investment in the market economy. And without Article VIII, there is no foreign investment. Remember, the key to this is the activation of the CBI's Capital Account which is the pipeline of sorts for money flowing in and out of Iraq. Once in Article VIII, foreign investors/ investment will begin to participate in rebuilding and privatizing Iraq. Money will be deposited into bank accounts, flow through the CBI's Capital Account and if the dinar is not pegged, will begin to move upwards to offset inflationary pressure created by the influx of economic activity (thus the Balassa-Samuelson effect)... There are no shortcuts. The CBI needs to get in compliance with the IMF so they can transition out of Article XIV. They need deposit insurance. Once that happens, we should see things begin to move fast.
5-23-2017 Newshound Guru mike Article: "Iraq calls the world to draw an economic strategy with Baghdad" Quote "...Said Hamoudi...Iraq is the heart of the economic world..." No it isn't, London, New York, Hong Kong, those are the hearts of the economic world, not a country with less than a $100 billion in GDP. The world has already given you an economic strategy via the UN and WB, all Iraq has to do is follow it. They still haven't reduced the government payroll, fully implemented tariff's, or passed the economic and banking laws. Get to work, Hamoudi and quit yammering about how awesome you are or could be.
5-23-2017 Intel Guru Frank26 ...last Wednesday, we said that 40k troops were sent to the borders or Iraq? Iraq has an amazing accountability of their currency. Iraq does NOT have corruption at the border anymore. Their borders are secure! There is NO MORE smuggling over the borders! THIS IS HUGE for the MONETARY REFORM. Article 8...that’s exactly what this is! When these dealers came out and said in their email... “we can’t get the dinars anymore...except for “circulated” dinars."...Where do dealers get “circulated” dinars from? From the CBI only! This is NOT a disturbance...this is part of the MR...and the price of oil went up. WHY is it that President Trump and PM Abadi NOT talk about Mosul? They already GOT THEIR DEAL...let it play out! [post 3 of 3]
5-23-2017 Intel Guru Frank26 Over the weekend...IRAQ bragged about something...and the Finance Minister bragged about something. They bragged that they can pay their own debt. Interesting...how? You’re still asking for loans. ...at the beginning of the year...we said you’d see the price of oil go up? We said it would go from $60 to $120, then back to $60. Oil is about to go up more...much, much more. Do you think this Arab Summit that occurred this past weekend...do you think that President Trump had all of these countries AGREE on the price of oil? Why did OPEC announce that they were cutting production. So the price of oil can go up. Oil companies will get back on track. Iraq has all of the oil in the world … but they don’t have the equipment or know-how to get it out of the ground. BIG DEALS were made over the weekend...that will fuel 72-78 + the BUDGET... So...this past weekend was NOT the venue for Abadi to talk about Mosul...the Mosul topic came up...but many other things were discussed. [post 2 of 3....stay tuned]
5-23-2017 Intel Guru Frank26 ...we didn’t see PM Abadi declare Mosul as liberated? This weekend...banks, government, nations, IMF, WB...they all wanted to see something over this weekend...with all of the international leaders meeting. Even currency traders were watching this weekend. Indeed, many watched... including you and I. We did NOT see what we wanted to see. I’d admit...I was not pleased that we didn’t see what we were looking for this past weekend. Many think “oh no...it’s a disaster!” NO! That is not the case! The LAVA-FLOW continues to flow RED-HOT! IMO...on the 17th of May...the citizens recognized that Mosul was pretty well liberated...just not officially recognized by Abadi to the International world. We don’t believe that we need the announcement of the liberation of Mosul for the RV. [post 1 of 3....stay tuned]
5-23-2017 Newshound Guru Breitling Is it [liberating Mosul] going to move anything forward for the Iraqi Dinar? NO. The Iraq Dinar is on a schedule the way it is. The Iraqi Dinar is based on oil prices…So what is it they’re looking at? How long does oil prices have to be in a certain range or it going up or is it going down? I don’t have those answers. Nobody does. I don’t even know anyone who’s able to give an educated guess at it. What they are looking at is the trend. They are not afraid if the price of oil goes down. What they are afraid of and all countries are afraid of is that it goes up and down and it’s very volatile…you guys don’t need to worry about Mosul and if they are going to take it over and if that’s the key for it going to change the value of the Iraqi Dinar. They are not looking at that…they could sell oil in the middle of a war. It’s obvious they can do that. So it’s not going to change oil sales.
5-23-2017 Newshound Guru Kaperoni ...we all know the dinar is pegged to the dollar... [...wouldn't Iraq have to/want to be in Article VIII compliance before they unpegged?] I can only speculate based on the IMF docs that I have read. But I would assume so...because the raising of the value of the dinar is directly related to investment in the market economy. And without Article VIII, there is no foreign investment. Remember, the key to this is the activation of the CBI's Capital Account which is the pipeline of sorts for money flowing in and out of Iraq. Once in Article VIII, foreign investors/ investment will begin to participate in rebuilding and privatizing Iraq. Money will be deposited into bank accounts, flow through the CBI's Capital Account and if the dinar is not pegged, will begin to move upwards to offset inflationary pressure created by the influx of economic activity (thus the Balassa-Samuelson effect)... There are no shortcuts. The CBI needs to get in compliance with the IMF so they can transition out of Article XIV. They need deposit insurance. Once that happens, we should see things begin to move fast.
5-23-2017 Newshound Guru mike Article: "Iraq calls the world to draw an economic strategy with Baghdad" Quote "...Said Hamoudi...Iraq is the heart of the economic world..." No it isn't, London, New York, Hong Kong, those are the hearts of the economic world, not a country with less than a $100 billion in GDP. The world has already given you an economic strategy via the UN and WB, all Iraq has to do is follow it. They still haven't reduced the government payroll, fully implemented tariff's, or passed the economic and banking laws. Get to work, Hamoudi and quit yammering about how awesome you are or could be.
5-23-2017 Intel Guru Frank26 ...last Wednesday, we said that 40k troops were sent to the borders or Iraq? Iraq has an amazing accountability of their currency. Iraq does NOT have corruption at the border anymore. Their borders are secure! There is NO MORE smuggling over the borders! THIS IS HUGE for the MONETARY REFORM. Article 8...that’s exactly what this is! When these dealers came out and said in their email... “we can’t get the dinars anymore...except for “circulated” dinars."...Where do dealers get “circulated” dinars from? From the CBI only! This is NOT a disturbance...this is part of the MR...and the price of oil went up. WHY is it that President Trump and PM Abadi NOT talk about Mosul? They already GOT THEIR DEAL...let it play out! [post 3 of 3]
5-23-2017 Intel Guru Frank26 Over the weekend...IRAQ bragged about something...and the Finance Minister bragged about something. They bragged that they can pay their own debt. Interesting...how? You’re still asking for loans. ...at the beginning of the year...we said you’d see the price of oil go up? We said it would go from $60 to $120, then back to $60. Oil is about to go up more...much, much more. Do you think this Arab Summit that occurred this past weekend...do you think that President Trump had all of these countries AGREE on the price of oil? Why did OPEC announce that they were cutting production. So the price of oil can go up. Oil companies will get back on track. Iraq has all of the oil in the world … but they don’t have the equipment or know-how to get it out of the ground. BIG DEALS were made over the weekend...that will fuel 72-78 + the BUDGET... So...this past weekend was NOT the venue for Abadi to talk about Mosul...the Mosul topic came up...but many other things were discussed. [post 2 of 3....stay tuned]
5-23-2017 Intel Guru Frank26 ...we didn’t see PM Abadi declare Mosul as liberated? This weekend...banks, government, nations, IMF, WB...they all wanted to see something over this weekend...with all of the international leaders meeting. Even currency traders were watching this weekend. Indeed, many watched... including you and I. We did NOT see what we wanted to see. I’d admit...I was not pleased that we didn’t see what we were looking for this past weekend. Many think “oh no...it’s a disaster!” NO! That is not the case! The LAVA-FLOW continues to flow RED-HOT! IMO...on the 17th of May...the citizens recognized that Mosul was pretty well liberated...just not officially recognized by Abadi to the International world. We don’t believe that we need the announcement of the liberation of Mosul for the RV. [post 1 of 3....stay tuned]
5-23-2017 Newshound Guru Breitling Is it [liberating Mosul] going to move anything forward for the Iraqi Dinar? NO. The Iraq Dinar is on a schedule the way it is. The Iraqi Dinar is based on oil prices…So what is it they’re looking at? How long does oil prices have to be in a certain range or it going up or is it going down? I don’t have those answers. Nobody does. I don’t even know anyone who’s able to give an educated guess at it. What they are looking at is the trend. They are not afraid if the price of oil goes down. What they are afraid of and all countries are afraid of is that it goes up and down and it’s very volatile…you guys don’t need to worry about Mosul and if they are going to take it over and if that’s the key for it going to change the value of the Iraqi Dinar. They are not looking at that…they could sell oil in the middle of a war. It’s obvious they can do that. So it’s not going to change oil sales.
5-22-2017 Intel Guru RayRen98 The CBI and dealers started putting up notices that no dinar is leaving the country, mainly aimed at three zero notes. Fils and lower denominations were supposed to flow on Sunday. Did the lower denominations comes out? My best info tells me that lower denoms did come out in some provinces yesterday, but the plan is for them to gradually disperse throughout the week, wrapping up this coming weekend, at the edge of Ramadan. We have every expectation of this wrapping up by Ramadan, although I don’t have anything about being in the bank before Ramadan. Meanwhile we wait for the light to go green... I have the feeling we are super-super-close. [post 2 of 2]
5-22-2017 Intel Guru RayRen98 From across the pond, since last Friday...we got everything leading up to the public release of the RV. The information let us know something good is about to happen, and part of that should be today and every day the rest of this week, just based on the information. We know preparations were underway for celebrations last Saturday, and PM did send out a tweet about the liberation of Mosul in the past tense, and said that economic reforms were being initiated. We heard that all their goals had been accomplished in the west of Mosul... Right up through today...97% of Mosul is liberated – that’s public information. [post 1 of 2....stay tuned]
5-22-2017 Newshound Guru Breitling …these countries, they’re pulling their businesses together because they want western style bank accounts. It’s that simple. You have Iraq, Saudi Arabia and all these guys where the elite live like kings and everyone else is second rate citizens. And then they look at Dubai and Abu Dhabi and all these guys and they say, “how come we can’t have that? We’re doing the same thing. We’re following the same laws and worship the same God.”…they are going to put together a new economy. Guess what? You and I are right in the middle of it. Not only that but you can’t have access to the middle east unless you go through Iraq.
5-22-2017 Intel Guru Bluwolf ...both the GCR and RV's are imminent, there are no delays tactics, this is what is actual, anything else is just a fantasy.
5-22-2017 Newshound/Intel Guru Bluedog IMO...AS I SEE THINGS...IRAQ ARTICLES AND SEEING IRAQ TV CHANNELS THAT PUT THINGS IN PRINT ON THEIR SITES...FIRST I SEE AGRICULTURE IS NOT MEETING THE BUDGET...AND WE SEE THAT OPEC IS WORKING TO CUT PRODUCTION. AS YOU HAVE SEEN OIL PRICES RISING...SAUDIS TO VISIT IRAQ ENERGY MINISTER SOON...NOW IRAQ CAN PAY ALL THEIR DEBTS...COME ON...WELL GOT THAT FIGURED IN TO THIS HUH. TRUMPS VISIT WILL IMO TAKE CARE OF THIS TO BRING IRAQ BUDGET BACK TO ABUNDANCE...YOU SEE COUNTRY AFTER COUNTRY COMING IN TO SIGN DEALS WITH IRAQ. KUWAIT IS DROOLING OVER THE INVESTMENT PAYBACK.
5-22-2017 Newshound/Intel Guru Mnt Goat So when will all this occur? Of course this is the million dollar question...and no one is supposed to know or will know. This is due to wave off any potential speculators. But I will tell you this much. In the last two attempts (2013 and again in 2015) the CBI both times was given the “green light” by the GOI and this news was publicized in Iraqi news channels, thus we heard about it. This was done months prior to the intended action timeframe. So then when is this publicized news coming? We have not yet gotten this news. We have not yet gotten this news since the GOI has not yet told the CBI to go ahead. [post 3 of 3]
5-22-2017 Newshound/Intel Guru Mnt Goat So what happens next after Mosul liberation is announced? I fully expect the GOI once again then to give the CBI the “green light” to go ahead to continue the “project to delete the zeros”. We all should know the process going forward once this occurs. The slow rolling out of the lower denominations as the initial rate change (or revaluation) occurs. I fully believe this initial rate will be just around 1:1 with the US dollar. This will then be lead to another more significant rate revaluation later. I do not believe it will take very long to get to this stage. I...have heard the ATM machines are loaded now with the new lower denominations. We don’t know which denominations at this time. The machines are not active as of yet. So this is a very good sign. [post 2 of 3....stay tuned]
5-22-2017 Newshound/Intel Guru Mnt Goat ...I was told that the final stages of the liberation of Mosul was very close at hand... So here is the “official” update on the liberation of Mosul effort: Quotes: "...The Iraqi president says he hopes the city of Mosul will be freed from control of the extremist group Islamic State "in the next few days." "...we have one neighborhood left to announce the final victory in Mosul." WOW! Just one more neighborhood! ...the latest news is that as of today 5/22 they have surrounded the last 450+ ISIS members and are about to close in on them... This may very well be all over by the end of today! [post 1 of 3....stay tuned] [See latest Mosul Map below]
5-22-2017 Newshound Guru Kaperoni Artile: "Experts: float the currency needs to be a productive economy and not Rieia (rentier)" Quote: "...to float the currency now in Iraq can not talk about that simple, as needed to advance measures...it could be done if the transformation of the Iraqi economy from a yield to productive..." This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar...and only once the market economy begins can they do so. So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces. I am hopeful that yet this year we can see that happen.
5-22-2017 *** Dinar Guru Update *** Below is the latest Mosul map. The green areas are Liberated and Iraqi controlled areas. The red areas the front lines and war zones. The grey and white areas are ISIS controlled areas. The entire east side of Mosul, which is on the right side of the river, is not shown on this map...this area is completely green and controlled by Iraqi forces too.
5-22-2017 Intel Guru RayRen98 From across the pond, since last Friday...we got everything leading up to the public release of the RV. The information let us know something good is about to happen, and part of that should be today and every day the rest of this week, just based on the information. We know preparations were underway for celebrations last Saturday, and PM did send out a tweet about the liberation of Mosul in the past tense, and said that economic reforms were being initiated. We heard that all their goals had been accomplished in the west of Mosul... Right up through today...97% of Mosul is liberated – that’s public information. [post 1 of 2....stay tuned]
5-22-2017 Newshound Guru Breitling …these countries, they’re pulling their businesses together because they want western style bank accounts. It’s that simple. You have Iraq, Saudi Arabia and all these guys where the elite live like kings and everyone else is second rate citizens. And then they look at Dubai and Abu Dhabi and all these guys and they say, “how come we can’t have that? We’re doing the same thing. We’re following the same laws and worship the same God.”…they are going to put together a new economy. Guess what? You and I are right in the middle of it. Not only that but you can’t have access to the middle east unless you go through Iraq.
5-22-2017 Intel Guru Bluwolf ...both the GCR and RV's are imminent, there are no delays tactics, this is what is actual, anything else is just a fantasy.
5-22-2017 Newshound/Intel Guru Bluedog IMO...AS I SEE THINGS...IRAQ ARTICLES AND SEEING IRAQ TV CHANNELS THAT PUT THINGS IN PRINT ON THEIR SITES...FIRST I SEE AGRICULTURE IS NOT MEETING THE BUDGET...AND WE SEE THAT OPEC IS WORKING TO CUT PRODUCTION. AS YOU HAVE SEEN OIL PRICES RISING...SAUDIS TO VISIT IRAQ ENERGY MINISTER SOON...NOW IRAQ CAN PAY ALL THEIR DEBTS...COME ON...WELL GOT THAT FIGURED IN TO THIS HUH. TRUMPS VISIT WILL IMO TAKE CARE OF THIS TO BRING IRAQ BUDGET BACK TO ABUNDANCE...YOU SEE COUNTRY AFTER COUNTRY COMING IN TO SIGN DEALS WITH IRAQ. KUWAIT IS DROOLING OVER THE INVESTMENT PAYBACK.
5-22-2017 Newshound/Intel Guru Mnt Goat So when will all this occur? Of course this is the million dollar question...and no one is supposed to know or will know. This is due to wave off any potential speculators. But I will tell you this much. In the last two attempts (2013 and again in 2015) the CBI both times was given the “green light” by the GOI and this news was publicized in Iraqi news channels, thus we heard about it. This was done months prior to the intended action timeframe. So then when is this publicized news coming? We have not yet gotten this news. We have not yet gotten this news since the GOI has not yet told the CBI to go ahead. [post 3 of 3]
5-22-2017 Newshound/Intel Guru Mnt Goat So what happens next after Mosul liberation is announced? I fully expect the GOI once again then to give the CBI the “green light” to go ahead to continue the “project to delete the zeros”. We all should know the process going forward once this occurs. The slow rolling out of the lower denominations as the initial rate change (or revaluation) occurs. I fully believe this initial rate will be just around 1:1 with the US dollar. This will then be lead to another more significant rate revaluation later. I do not believe it will take very long to get to this stage. I...have heard the ATM machines are loaded now with the new lower denominations. We don’t know which denominations at this time. The machines are not active as of yet. So this is a very good sign. [post 2 of 3....stay tuned]
5-22-2017 Newshound/Intel Guru Mnt Goat ...I was told that the final stages of the liberation of Mosul was very close at hand... So here is the “official” update on the liberation of Mosul effort: Quotes: "...The Iraqi president says he hopes the city of Mosul will be freed from control of the extremist group Islamic State "in the next few days." "...we have one neighborhood left to announce the final victory in Mosul." WOW! Just one more neighborhood! ...the latest news is that as of today 5/22 they have surrounded the last 450+ ISIS members and are about to close in on them... This may very well be all over by the end of today! [post 1 of 3....stay tuned] [See latest Mosul Map below]
5-22-2017 Newshound Guru Kaperoni Artile: "Experts: float the currency needs to be a productive economy and not Rieia (rentier)" Quote: "...to float the currency now in Iraq can not talk about that simple, as needed to advance measures...it could be done if the transformation of the Iraqi economy from a yield to productive..." This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar...and only once the market economy begins can they do so. So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces. I am hopeful that yet this year we can see that happen.
5-22-2017 *** Dinar Guru Update *** Below is the latest Mosul map. The green areas are Liberated and Iraqi controlled areas. The red areas the front lines and war zones. The grey and white areas are ISIS controlled areas. The entire east side of Mosul, which is on the right side of the river, is not shown on this map...this area is completely green and controlled by Iraqi forces too.
5-22-2017 Newshound Guru Aggiedad77 Article: "Iraq confirms its ability to repay financial debt" IMO big news here...ability to repay debt...because of credit improvement...they are speaking here IMO about something we all are interested in...Because to see that credit rating improve...one ought to have something better than a Program Rate for this all to happen I would think...and there's talk here again about OIL PRICES pushing upward again...just what we want to hear and see...
5-22-2017 Newshound/Intel Guru BGG [Is it looking very possible for the RV before Ramadon IYHO?] ...doesn't really matter that much about Ramadan. Ramadan is not a point of demarcation...
5-22-2017 Newshound/Intel Guru BGG [Is it looking very possible for the RV before Ramadon IYHO?] ...doesn't really matter that much about Ramadan. Ramadan is not a point of demarcation...
5-21-2017 Intel/Newshound Guru tman23 ...The United Nations Security Council is set to hold a session about the situation of Iraq on Monday, May 22, 2017 at 3 p.m. New York time (10 p.m. Baghdad time).
5-21-2017 Intel Guru ADMINBILL AS SHERLOCK HOLMES WOULD SAY..."THE GAME IS AFOOT"...KEEP WATCHING THE NEWS AND LOOK FOR AN EXCITING WEEK. SUFFICE IT TO SAY THAT I BELIEVE THIS WILL BE A GREAT MONTH.
5-21-2017 Newshound Guru Aggiedad77 What has my interest at an all time high at the moment is not what is being seen by the public at these meetings in Saudi Arabia...but what meetings are going on that we hear nothing about...that IMO is where the real "DEALS" are and will be made...where the hand shakes truly mean something more than a photo op...And keep in mind...when Iraq meets in the US and they go back home...historically they have fires lit under them...well they may be in SA now...but still the primary cast for this meeting of heads of countries is Donald Trump...the US President...I'm looking for fires to be turned up even higher than ever with Iraq and their powerhitters when they get back home...time will tell on that...And don't forget McGork's trip...he wasn't there for nothing...he got something...something was delivered...and IMO it is all GOOD...even if we the peons can't see it yet...I just know deep down...the BEST is coming...
5-21-2017 Intel Guru Frank26 (late Saturday Night) IMO...A [Abadi] did not make an announcement on Mosul today...Maybe he waits to see T [Trump] and make the announcement with him in front of an International Stage. Like the one A was on today but skirted all around the announcement that Mosul is Liberated. IMO we do not need Mosul for an RV BUT...We need A to say Mosul is Liberated. There is a Grand Canyon differences between these two statements. A and T should meet tomorrow.(Sunday)...Lets watch to see if they do.
5-21-2017 Intel Guru RayRen98 Weekend update...: ...PM Abadi sent out a twitter message referencing the liberation of western Mosul in the past tense. (Could this have served as the "announcement"?) Iraqi Counter Terrorism have officially announced that ALL their goals have been accomplished and duties are done in west. 4 districts remain with less than 50% ISIS occupation. Liberation of Mosul is deemed complete. The CBI has discontinued the release of un-circulated dinar outside of the country, more particularly the 3 zero notes. The official announcement of liberation (with pomp and circumstance) is expected by PM Abadi on Sunday at the summit in Saudi Arabia. Lower denoms and fils are expected to "flow" on Sunday (Time will tell).
5-21-2017 Intel Guru ADMINBILL AS SHERLOCK HOLMES WOULD SAY..."THE GAME IS AFOOT"...KEEP WATCHING THE NEWS AND LOOK FOR AN EXCITING WEEK. SUFFICE IT TO SAY THAT I BELIEVE THIS WILL BE A GREAT MONTH.
5-21-2017 Newshound Guru Aggiedad77 What has my interest at an all time high at the moment is not what is being seen by the public at these meetings in Saudi Arabia...but what meetings are going on that we hear nothing about...that IMO is where the real "DEALS" are and will be made...where the hand shakes truly mean something more than a photo op...And keep in mind...when Iraq meets in the US and they go back home...historically they have fires lit under them...well they may be in SA now...but still the primary cast for this meeting of heads of countries is Donald Trump...the US President...I'm looking for fires to be turned up even higher than ever with Iraq and their powerhitters when they get back home...time will tell on that...And don't forget McGork's trip...he wasn't there for nothing...he got something...something was delivered...and IMO it is all GOOD...even if we the peons can't see it yet...I just know deep down...the BEST is coming...
5-21-2017 Intel Guru Frank26 (late Saturday Night) IMO...A [Abadi] did not make an announcement on Mosul today...Maybe he waits to see T [Trump] and make the announcement with him in front of an International Stage. Like the one A was on today but skirted all around the announcement that Mosul is Liberated. IMO we do not need Mosul for an RV BUT...We need A to say Mosul is Liberated. There is a Grand Canyon differences between these two statements. A and T should meet tomorrow.(Sunday)...Lets watch to see if they do.
5-21-2017 Intel Guru RayRen98 Weekend update...: ...PM Abadi sent out a twitter message referencing the liberation of western Mosul in the past tense. (Could this have served as the "announcement"?) Iraqi Counter Terrorism have officially announced that ALL their goals have been accomplished and duties are done in west. 4 districts remain with less than 50% ISIS occupation. Liberation of Mosul is deemed complete. The CBI has discontinued the release of un-circulated dinar outside of the country, more particularly the 3 zero notes. The official announcement of liberation (with pomp and circumstance) is expected by PM Abadi on Sunday at the summit in Saudi Arabia. Lower denoms and fils are expected to "flow" on Sunday (Time will tell).
5-20-2017 Newshound Guru Islandg1211 Since my last post, I have amended my expected RV window from mid-summer to the end of August/Labor Day. I'm also think the rate could come out closer to $2.00 than $1.00.
5-20-2017 Newshound Guru Aggiedad77 Article: "Economy and Reform" Quote: "...it is important to adopt a policy of economic reform emanating from the creation of an environment conducive to economic growth and liberalization of economic activity from the intervention of the government." This article is a good one I believe...they are talking about Economic Reform...but in this context it has begun...it's about "investors"...with regard to "projects"..."construction"..."jobs"..."diversification"..."improved wages"...you don't do these things on a Program Rate...
5-20-2017 Newshound Guru Kaperoni Article: "Abadi adviser warns of ignorance programmed to broadcast the process of despair" Quote: "...he said that "there are actors and personalities working unfortunately, to promote the idea of deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living..." Saleh is stating clearly that those that want to reduce (reduce meaning weaken) the exchange rate of the dinar are wrong. This is a very good article for us...
5-20-2017 Newshound Guru Aggiedad77 I have a sense...this weekend will ROCK our world...in what way...well for one the leader of the Western world President Donald Trump is coming to the ME to meet with a number of ME leaders...Deep inside I feel that an announcement could be forthcoming from all of this...perhaps President Trump and Prime Minister Abadi center stage making an announcement that will cause much of the world to reel in their unbelief that these two have managed to make so much happen over the past 4.5 months or so....and President Trump is respectful enough to come to the ME to celebrate all that is about to happen...all IMO.
5-20-2017 Intel Guru RayRen98 At 6am this morning, even the press were at the mosques, which is not the normal situation. Could it be everything was on target to the last minute and then there was a shift or change? I don’t know. The CBI is not replenishing currency to the dealers, although we are still checking on that. It’s all lining up, even though we don’t have the smoking gun to say it’s all actual and factual. Citizens are still reporting lower prices in Iraq... Full liberation and reconciliation are coming, eventually. We didn’t get the announcement this morning we expected; they are getting ready to celebrate tomorrow [Saturday], and we’ll see if it is for what we’re looking for. I’m feeling really good with what’s going on. They can only stretch this thing out so long, not that they are doing it TO us, but for their own reasons. In the meantime, all we can do is hold on, knowing the day you are seeking is coming, and we are really ready. [post 2 of 2] [See the latest Mosul map below on 5-19-2017]
5-20-2017 Intel Guru RayRen98 Earlier, we were hearing an expectation of the full liberation of Mosul being announced officially by the 19th... Up until now, we have heard of districts being liberated in the old city of Mosul. Earlier in the week, we heard about nine districts being left, then five, and right now I don’t know how many are left to be liberated, if any. PM Abadi had put out that there would be a big celebration after the announcement, and of course what that celebration is about is subject to interpretation – liberation, economic reform, reconciliation, revaluation of the currency, the use of lower denominations and fils. That remains to be seen, but there seem to be preparations for that celebration tomorrow [Saturday]. [post 1 of 2....stay tuned] [See the latest Mosul map below on 5-19-2017]
5-20-2017 Newshound Guru Aggiedad77 Article: "Economy and Reform" Quote: "...it is important to adopt a policy of economic reform emanating from the creation of an environment conducive to economic growth and liberalization of economic activity from the intervention of the government." This article is a good one I believe...they are talking about Economic Reform...but in this context it has begun...it's about "investors"...with regard to "projects"..."construction"..."jobs"..."diversification"..."improved wages"...you don't do these things on a Program Rate...
5-20-2017 Newshound Guru Kaperoni Article: "Abadi adviser warns of ignorance programmed to broadcast the process of despair" Quote: "...he said that "there are actors and personalities working unfortunately, to promote the idea of deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living..." Saleh is stating clearly that those that want to reduce (reduce meaning weaken) the exchange rate of the dinar are wrong. This is a very good article for us...
5-20-2017 Newshound Guru Aggiedad77 I have a sense...this weekend will ROCK our world...in what way...well for one the leader of the Western world President Donald Trump is coming to the ME to meet with a number of ME leaders...Deep inside I feel that an announcement could be forthcoming from all of this...perhaps President Trump and Prime Minister Abadi center stage making an announcement that will cause much of the world to reel in their unbelief that these two have managed to make so much happen over the past 4.5 months or so....and President Trump is respectful enough to come to the ME to celebrate all that is about to happen...all IMO.
5-20-2017 Intel Guru RayRen98 At 6am this morning, even the press were at the mosques, which is not the normal situation. Could it be everything was on target to the last minute and then there was a shift or change? I don’t know. The CBI is not replenishing currency to the dealers, although we are still checking on that. It’s all lining up, even though we don’t have the smoking gun to say it’s all actual and factual. Citizens are still reporting lower prices in Iraq... Full liberation and reconciliation are coming, eventually. We didn’t get the announcement this morning we expected; they are getting ready to celebrate tomorrow [Saturday], and we’ll see if it is for what we’re looking for. I’m feeling really good with what’s going on. They can only stretch this thing out so long, not that they are doing it TO us, but for their own reasons. In the meantime, all we can do is hold on, knowing the day you are seeking is coming, and we are really ready. [post 2 of 2] [See the latest Mosul map below on 5-19-2017]
5-20-2017 Intel Guru RayRen98 Earlier, we were hearing an expectation of the full liberation of Mosul being announced officially by the 19th... Up until now, we have heard of districts being liberated in the old city of Mosul. Earlier in the week, we heard about nine districts being left, then five, and right now I don’t know how many are left to be liberated, if any. PM Abadi had put out that there would be a big celebration after the announcement, and of course what that celebration is about is subject to interpretation – liberation, economic reform, reconciliation, revaluation of the currency, the use of lower denominations and fils. That remains to be seen, but there seem to be preparations for that celebration tomorrow [Saturday]. [post 1 of 2....stay tuned] [See the latest Mosul map below on 5-19-2017]
5-19-2017 Newshound Guru Adam Montana I'm watching this OPEC situation like a HAWK... this is getting serious! We all view the word "soon" with a bit of disdain, but it's starting to taste a little better every day. This rolled across my desk bright and early this morning: "Optimism ahead of OPEC meeting drives U.S. crude oil back above $50" But the real reason for this post is to clarify the next OPEC meeting date. I was mistaken earlier this week, the meeting is not on the 27th... it's on the 25th. Ramadan starts on the 26th. Could the 25th or 26th be our day? It's possible, if Iraq is given a clear exemption from the OPEC oil production deal (the same deal that Russia and Saudi Arabia have already agreed to).
5-19-2017 Newshound Guru FrostyTheSnowman "Ready. Fire. Aim." If you're in sales, you've probably heard of the "ready, fire, aim" technique. Advocates of this technique argue that they would rather "DO SOMETHING" (and possibly risk getting it wrong) vs. "DOING NOTHING" (and missing out on golden opportunities). IMO...it's time for "ready, fire, aim." While Iraq may not score a perfect, dead-center, bulls-eye...I don't think the PTB will allow Iraq to miss the target. Keep in mind...we probably won't SEE the arrow in mid-flight...especially if it happens in the "still-of-the-night." Chances are, we'll just HEAR the sound of the arrow piercing the target when the number lands on the CBI's website.
5-19-2017 Newshound/Intel Guru BGG I am very excited about the current state of things. I am very excited about the next short time frame... I think we are in an incredible window of time right now...and I do feel - if things advance as they have been - we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before. (keep in mind - we have been close before - the CBI had planned on 2013? sometime and put it off). According to the SIGR Report. We are close. REAL CLOSE.
5-19-2017 Newshound Guru FrostyTheSnowman "Ready. Fire. Aim." If you're in sales, you've probably heard of the "ready, fire, aim" technique. Advocates of this technique argue that they would rather "DO SOMETHING" (and possibly risk getting it wrong) vs. "DOING NOTHING" (and missing out on golden opportunities). IMO...it's time for "ready, fire, aim." While Iraq may not score a perfect, dead-center, bulls-eye...I don't think the PTB will allow Iraq to miss the target. Keep in mind...we probably won't SEE the arrow in mid-flight...especially if it happens in the "still-of-the-night." Chances are, we'll just HEAR the sound of the arrow piercing the target when the number lands on the CBI's website.
5-19-2017 Newshound/Intel Guru BGG I am very excited about the current state of things. I am very excited about the next short time frame... I think we are in an incredible window of time right now...and I do feel - if things advance as they have been - we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before. (keep in mind - we have been close before - the CBI had planned on 2013? sometime and put it off). According to the SIGR Report. We are close. REAL CLOSE.
5-19-2017 Intel Guru Frank26 In the history of the WB and the IMF Family...they have never asked any country to do their Financial Reform...but they sure did tell Iraq to do theirs didn’t they...because of the pressure from the President of the US IMO. Give me one nation where the WB and the IMF DEMANDS that nation to raise the value of their currency...the tapestry is weaving a beautiful picture isn’t it. Mosul was used as an excuse and it worked...and May 17th sticks in my soul... maybe an announcement of the liberation of Mosul. By the way...SUNDAY....any given SUNDAY is also deep in my soul.
5-19-2017 Newshound Guru Aggiedad77 Article "Infallible calls to give the private sector an opportunity to contribute to the development of the Iraqi economy" Those changes in patterns that make you put your finger to your temple and say...hmmmmm...Masum is not known to have meetings like this...at his residence in Amman, Jordan no less...he knows what is coming... encouraging them that Iraq has opportunities ripe to be developed...so much in the way of reconstruction...he's wooing these investors to Iraq's doors...he's telling them...just as Abadi has stated this..."come on in"...don't be disappointed ...instead look to what will be...keep in mind too that war is never a precise thing to call "over" and if Abadi's prediction slips by a few hours or days...so be it...you know as well as I do...the end is upon us...it is near at hand...the real work is about to commence...the BEST is coming...IMO.
5-19-2017 **** Dinar Guru Update **** Below is the latest Mosul map. The green areas are Iraqi controlled and liberated areas. The white and grey areas are ISIS controlled. The red areas are battle grounds and front lines. Stay tuned as the battle pushes into the final Old City area.
5-19-2017 Newshound Guru Aggiedad77 Article "Infallible calls to give the private sector an opportunity to contribute to the development of the Iraqi economy" Those changes in patterns that make you put your finger to your temple and say...hmmmmm...Masum is not known to have meetings like this...at his residence in Amman, Jordan no less...he knows what is coming... encouraging them that Iraq has opportunities ripe to be developed...so much in the way of reconstruction...he's wooing these investors to Iraq's doors...he's telling them...just as Abadi has stated this..."come on in"...don't be disappointed ...instead look to what will be...keep in mind too that war is never a precise thing to call "over" and if Abadi's prediction slips by a few hours or days...so be it...you know as well as I do...the end is upon us...it is near at hand...the real work is about to commence...the BEST is coming...IMO.
5-19-2017 **** Dinar Guru Update **** Below is the latest Mosul map. The green areas are Iraqi controlled and liberated areas. The white and grey areas are ISIS controlled. The red areas are battle grounds and front lines. Stay tuned as the battle pushes into the final Old City area.
5-18-2017 Newshound Guru MadDScout Article quotes: "...Saleh, financial adviser to the Prime Minister has proposed the establishment of a bank to finance the trade of the private sector contribution of commercial banks..." "Abdul Basset Turki stressed that the continued clinging to resolve the economic crisis through Iraq through borrowing and reducing public spending without changing the exchange rate of the Iraqi dinar in securing revenues to cover the current spending of the state will quickly lead to further economic recession and erosion of foreign assets, especially the reserve of the Central Bank of Iraq." Both Saleh and Turki laid out some very coherent guidelines. It will take wisdom and the "want" to do it. Not all these suggestions are going to be easy but are how market economies work. [Do you think it will happen soon after Mosul?] I like to believe so. They have a very good opportunity right now as stated...the time may not always be such.
5-18-2017 Newshound Guru Kaperoni Article: "The stability of central bank sales at $ 159 million" Quote: "The size of the amount sold today reached 159 million and 547 thousand, and $ 157, priced at 1182 dinars exchange rate against the dollar, with the participation of 37 banks and 11 financial transfer company." The statement said, "The amounts transferred to the accounts of banks, as well as cash sales were priced at 1190 dinars per dollar sale abroad." [I'm a little bit confused, these figures 1182 & 1190 exchange rate, is this normal? We're looking for 1204 right!] Yea, the CBI has two prices for the dinar..cash and via remittance. I think that is pretty standard. What we care about the market rate or street rate of the dinar which is around 1251. They need to reduce that to around 1200 to be in compliance with the IMF.
5-18-2017 Intel Guru Frank26 How will you know if Iraq is INTERNATIONAL? The definition of when Iraq is INTERNATIONAL is WHEN their CURRENCY is accepted WORLD-WIDE...TRADEABLE on FOREX...that is when they are INTERNATIONAL. Family...we are NOT going to see a different rate...IF...they don’t make an INTERNATIONAL announcement. Abadi has come SO CLOSE to telling you that they are INTERNATIONAL ...but they have to show us. So...let’s see what happens on Friday and over the weekend. We need a TRADABLE CURRENCY! IMO.
5-18-2017 Newshound Guru tlm724 Article: "Deposit guarantee law key to activate investments through banks" Quote: "Today we realize that money stashed away in homes exceeding 20 billion dollars and that a large number of course and can contribute to achieving sustainable economic development and change the Iraqi economy while being transported from the houses to the banking system." They MUST get this money in the system! That is a lot of dough. The CBI has launched the Development Fund which will help address liquidity which is part of this issue . The people are hurting and granting loans to the citizens, if simplified, will get the people into the banks and they will need an bank account to get the loans so this is important!
5-18-2017 Intel Guru Frank26 ...one of our newshounds posted the article ...The translation is very important. URGENT...“...on Friday.” It didn’t say “by Friday”...it said “...on Friday.” And that was said by Abadi. This is what we’ve been looking for. Friday is a TARGET DATE. I find it interesting that on the 19th...we pray that we see Abadi announce the liberation of Mosul. The 20th President Trump will be in the Middle East. We need to see that announcement ON FRIDAY by Abadi. IMO...on MONDAY they went INTERNATIONAL...and I look forward to the announcement of such. (doesn’t make sense to do all of this for a program rate).
5-18-2017 Newshound Guru Phillyman Article: "Paramilitary troops free airbase, more villages, west of Mosul" Still hard work ahead for the military but the message of the inevitable victory in Mosul continues.
5-18-2017 Intel Guru Frank26 "Float dinar .. is the solution to save foreign currency reserves" Quotes: "The situation in the Iraqi economy forces the central bank to move and adopt a flexible policy in the exchange rate in preparation for floating the dinar against other currencies in the medium term." "Manages Floating, which allows the central bank to intervene to prevent sharp and sangerous fluctuations in the dinar exchange rate, can be used here." THIS IS HUGE! It talks about the monetary reform, the budget, etc. “Medium term” means right now! They are going to manage the FLOAT of the IQD...(yup, they learned from Kuwait). They told you...their goal is to get to 1 to 1. A managed float? That’s back to the GLORY DAYS family! 72-78 days...it will peak. What were the glory days? $3.40ish. All of this information is coming at the speed of light...just like we said once we have Mosul. The CBI has been ready since JANUARY of this year! They are ready to go!
5-18-2017 Intel Guru RayRen98 As far as the RV/GCR is concerned, some banks are changing policies with respect to dong...before you paid before ordering then picked it up, now you pay when you pick it up because the rates may have changed. I think we’re looking good. We had some bank people really thinking we would do something Monday/Tuesday, but the majority are now thinking Thursday to Saturday...Thursday seems to be the hot day. It looks like full Liberation of Mosul will be announced by the 19th, with celebrations being planned. The G7 meeting is in the next few days, and everything appears to be lining up. We’ll see in the next few days if it is this week or spilling into next week. [post 2 of 2]
5-18-2017 Newshound Guru Kaperoni Article: "The stability of central bank sales at $ 159 million" Quote: "The size of the amount sold today reached 159 million and 547 thousand, and $ 157, priced at 1182 dinars exchange rate against the dollar, with the participation of 37 banks and 11 financial transfer company." The statement said, "The amounts transferred to the accounts of banks, as well as cash sales were priced at 1190 dinars per dollar sale abroad." [I'm a little bit confused, these figures 1182 & 1190 exchange rate, is this normal? We're looking for 1204 right!] Yea, the CBI has two prices for the dinar..cash and via remittance. I think that is pretty standard. What we care about the market rate or street rate of the dinar which is around 1251. They need to reduce that to around 1200 to be in compliance with the IMF.
5-18-2017 Intel Guru Frank26 How will you know if Iraq is INTERNATIONAL? The definition of when Iraq is INTERNATIONAL is WHEN their CURRENCY is accepted WORLD-WIDE...TRADEABLE on FOREX...that is when they are INTERNATIONAL. Family...we are NOT going to see a different rate...IF...they don’t make an INTERNATIONAL announcement. Abadi has come SO CLOSE to telling you that they are INTERNATIONAL ...but they have to show us. So...let’s see what happens on Friday and over the weekend. We need a TRADABLE CURRENCY! IMO.
5-18-2017 Newshound Guru tlm724 Article: "Deposit guarantee law key to activate investments through banks" Quote: "Today we realize that money stashed away in homes exceeding 20 billion dollars and that a large number of course and can contribute to achieving sustainable economic development and change the Iraqi economy while being transported from the houses to the banking system." They MUST get this money in the system! That is a lot of dough. The CBI has launched the Development Fund which will help address liquidity which is part of this issue . The people are hurting and granting loans to the citizens, if simplified, will get the people into the banks and they will need an bank account to get the loans so this is important!
5-18-2017 Intel Guru Frank26 ...one of our newshounds posted the article ...The translation is very important. URGENT...“...on Friday.” It didn’t say “by Friday”...it said “...on Friday.” And that was said by Abadi. This is what we’ve been looking for. Friday is a TARGET DATE. I find it interesting that on the 19th...we pray that we see Abadi announce the liberation of Mosul. The 20th President Trump will be in the Middle East. We need to see that announcement ON FRIDAY by Abadi. IMO...on MONDAY they went INTERNATIONAL...and I look forward to the announcement of such. (doesn’t make sense to do all of this for a program rate).
5-18-2017 Newshound Guru Phillyman Article: "Paramilitary troops free airbase, more villages, west of Mosul" Still hard work ahead for the military but the message of the inevitable victory in Mosul continues.
5-18-2017 Intel Guru Frank26 "Float dinar .. is the solution to save foreign currency reserves" Quotes: "The situation in the Iraqi economy forces the central bank to move and adopt a flexible policy in the exchange rate in preparation for floating the dinar against other currencies in the medium term." "Manages Floating, which allows the central bank to intervene to prevent sharp and sangerous fluctuations in the dinar exchange rate, can be used here." THIS IS HUGE! It talks about the monetary reform, the budget, etc. “Medium term” means right now! They are going to manage the FLOAT of the IQD...(yup, they learned from Kuwait). They told you...their goal is to get to 1 to 1. A managed float? That’s back to the GLORY DAYS family! 72-78 days...it will peak. What were the glory days? $3.40ish. All of this information is coming at the speed of light...just like we said once we have Mosul. The CBI has been ready since JANUARY of this year! They are ready to go!
5-18-2017 Intel Guru RayRen98 As far as the RV/GCR is concerned, some banks are changing policies with respect to dong...before you paid before ordering then picked it up, now you pay when you pick it up because the rates may have changed. I think we’re looking good. We had some bank people really thinking we would do something Monday/Tuesday, but the majority are now thinking Thursday to Saturday...Thursday seems to be the hot day. It looks like full Liberation of Mosul will be announced by the 19th, with celebrations being planned. The G7 meeting is in the next few days, and everything appears to be lining up. We’ll see in the next few days if it is this week or spilling into next week. [post 2 of 2]
5-17-2017 Intel/Newshound Guru tman23 Everyone is hopeful...We can only wait and see what announcement comes out on Friday the 26th... and what shows 3/29...
5-17-2017 Newshound/Intel Guru Mnt Goat ...there are tons of information coming out of Iraq about the potential for investors and global investment strategies within Iraq. We have seen the banking and other economic and financial reforms. We have watched the planning and advancement against ISIS. It is soon time to pull the plug, end this saga and look more towards the future prosperous Iraq. But we all know this is not going to happen without the dinar revaluing. We also know for a FACT the plan never was nor is now to stay on the “program” rate forever. This program rate was never meant to even stay for this long of a period. So they are already behind on removing it. In summary we know the issues, we know the FACTS and we know the next step. So it is all VERY optimistic and never, ever looked better for the RV.
5-17-2017 Newshound/Intel Guru Mnt Goat ...there are tons of information coming out of Iraq about the potential for investors and global investment strategies within Iraq. We have seen the banking and other economic and financial reforms. We have watched the planning and advancement against ISIS. It is soon time to pull the plug, end this saga and look more towards the future prosperous Iraq. But we all know this is not going to happen without the dinar revaluing. We also know for a FACT the plan never was nor is now to stay on the “program” rate forever. This program rate was never meant to even stay for this long of a period. So they are already behind on removing it. In summary we know the issues, we know the FACTS and we know the next step. So it is all VERY optimistic and never, ever looked better for the RV.
5-17-2017 Intel Guru RayRen98 The Map of Mosul is showing all green apart from the very core of the old city, and the mosque where they plan to plant the flag. There’s only 4.6 square miles to liberate. Abadi says a major celebration is coming after they release the details of the liberation of Mosul. [ we are all waiting with baited breath for the “official” announcement that Mosul has been fully liberated...how soon after the announcement has been made do you “believe” or in your best guess (based on what your sources have told you) that we will see the full public release of the RV?] My best guess is ‘immediately...I haven’t heard of any delays after the announcement is made. [post 1 of 2....stay tuned]
5-17-2017 Intel Guru Bruce There was an announcement Sunday morning... Prime Minister Abadi made an announcement welcoming countries around the world to come to Iraq to begin to do business. Iraq is open for business. A simple announcement, but one that carries weight because he couldn’t make that announcement if they were not ready to do business with a rate, with a new currency in the sense of the lower denominations of the dinar, and with a full engaged banking system, financial system that works all over the country even in Mosul. They are ready for business, ready to begin to being international again. We are going to be very pleased even what we will see on the screens of the so called bank rates or screen rates. The timing is everything that is what we are waiting for, the actual release timing
5-17-2017 Newshound Guru Adam Montana Examples: Major news announcements: "FROM IRAQI TV: PM ABADI: INVESTMENT DOORS OPEN TO INTERNATIONAL COMPANIES" "Abadi: Investment doors open to international companies" "Four new camps in Mosul to accommodate the newly displaced" "The Minister of Displacement and Migration Jasim Mohammed Al-Jaf announced on Sunday the return of 122,137 internally..." ...the evolution of tone and events is very encouraging! "Abadi chairs a meeting of the Ministerial Committee on Energy and take a range of measures" Oil and Energy continue to make progress, FINALLY! This is the exact area where we were stagnant last year. This year is different - the consistency of these articles lately is a telling sign. "The Ministry of Commerce promises Iraqis Surprise in the month of Ramadan May 13, 2017" New ration cards to be issued next week. Could these be tied into the upcoming changes in the entire Iraqi banking system, which will ultimately incorporate new currency, ATMs, and a new rate? It's a possible "gateway" move. For once, I actually agree that something might get done during Ramadan. *shock* *GASP!* [post 2 of 2]
5-17-2017 Newshound Guru Adam Montana It should be noted, and kept in mind, that Ramadan this year starts on the evening of Friday May 26 and goes through Sunday June 25. That's 9 days from now. Those of you that have been traveling this road with me for years know that I have always been VERY adamant that "nothing gets done during Ramadan"... but I'm starting to lean a little to the left on that commitment. There is just TOO MUCH happening right now! There are a couple key elements to this...that will make me go "Full Buzzy" in spite of the upcoming holiday that traditionally yields 0 "real" progress for anything in Iraq. For some months now, I've been very optimistic about Iraq's ISIS situation. Over the last few days, this has only increased. [post 1 of 2....stay tuned]
5-17-2017 Intel Guru Delta URGENT FROM IRAQI TV: EXPECTED DECLARATION OF LIBERATION OF MOSUL ON FRIDAY!!!
5-17-2017 *** Dinar Guru Update *** Below is the latest Mosul map. The green area is Iraq controlled territory. White, grey and black is the remaining ISIS controlled area. The area shown is western Mosul only...the east side of the the river (the right side of the river) is all green and in Iraqi hands.
5-17-2017 Intel Guru Bruce There was an announcement Sunday morning... Prime Minister Abadi made an announcement welcoming countries around the world to come to Iraq to begin to do business. Iraq is open for business. A simple announcement, but one that carries weight because he couldn’t make that announcement if they were not ready to do business with a rate, with a new currency in the sense of the lower denominations of the dinar, and with a full engaged banking system, financial system that works all over the country even in Mosul. They are ready for business, ready to begin to being international again. We are going to be very pleased even what we will see on the screens of the so called bank rates or screen rates. The timing is everything that is what we are waiting for, the actual release timing
5-17-2017 Newshound Guru Adam Montana Examples: Major news announcements: "FROM IRAQI TV: PM ABADI: INVESTMENT DOORS OPEN TO INTERNATIONAL COMPANIES" "Abadi: Investment doors open to international companies" "Four new camps in Mosul to accommodate the newly displaced" "The Minister of Displacement and Migration Jasim Mohammed Al-Jaf announced on Sunday the return of 122,137 internally..." ...the evolution of tone and events is very encouraging! "Abadi chairs a meeting of the Ministerial Committee on Energy and take a range of measures" Oil and Energy continue to make progress, FINALLY! This is the exact area where we were stagnant last year. This year is different - the consistency of these articles lately is a telling sign. "The Ministry of Commerce promises Iraqis Surprise in the month of Ramadan May 13, 2017" New ration cards to be issued next week. Could these be tied into the upcoming changes in the entire Iraqi banking system, which will ultimately incorporate new currency, ATMs, and a new rate? It's a possible "gateway" move. For once, I actually agree that something might get done during Ramadan. *shock* *GASP!* [post 2 of 2]
5-17-2017 Newshound Guru Adam Montana It should be noted, and kept in mind, that Ramadan this year starts on the evening of Friday May 26 and goes through Sunday June 25. That's 9 days from now. Those of you that have been traveling this road with me for years know that I have always been VERY adamant that "nothing gets done during Ramadan"... but I'm starting to lean a little to the left on that commitment. There is just TOO MUCH happening right now! There are a couple key elements to this...that will make me go "Full Buzzy" in spite of the upcoming holiday that traditionally yields 0 "real" progress for anything in Iraq. For some months now, I've been very optimistic about Iraq's ISIS situation. Over the last few days, this has only increased. [post 1 of 2....stay tuned]
5-17-2017 Intel Guru Delta URGENT FROM IRAQI TV: EXPECTED DECLARATION OF LIBERATION OF MOSUL ON FRIDAY!!!
5-17-2017 *** Dinar Guru Update *** Below is the latest Mosul map. The green area is Iraq controlled territory. White, grey and black is the remaining ISIS controlled area. The area shown is western Mosul only...the east side of the the river (the right side of the river) is all green and in Iraqi hands.
5-16-2017 Intel Guru RayRen98 Iraqi TV was reporting "final victory in Mosul in a couple of days" on Monday evening. The Najar district is being stormed today. The territory map is currently showing all green with the exception of the old Mosul city district. This is the area of the mosque location that PM Abadi will plant the flag. This mosque is the former Isis stronghold headquarters site. Isis control is contained in a 12 km square area. Total victory is expected soon.... very soon. smile. Consumer goods and service continue to gradually decrease, the citizens are realizing a slight increase in purchasing power with promises of further increases in the coming days. (Now, what does that mean to you/us?)
5-16-2017 Intel Guru Frank26 IMO...in the still of the night...the exchange rate of the IQD will change...IMO...on a Sunday...when all banks align at once. An ideal time to do it. Before Ramadan...during Ramadan? Ramadan is NOT a holiday. It is a 30 day time period where they work less and eat less. About 2-3 years ago … the new 25k was introduced with the new security features? That happened during Ramadan. They are so READY... The CBI has told you...they are ready. [post 3 of 3]
5-16-2017 Intel Guru Frank26 IMO...the MR did not stop or postpone when Allak said in January to delay things. The MR is a lava flow...and CAN NOT stop! We’ve been waiting for Mosul to be liberated. By Tuesday, or Wednesday – we should hear of the liberation of Mosul. LIBERATION will launch this country. We are very close for the IQD to go up in value. We are just waiting for Iraq to ACTIVATE the rate. They’ve already LAUNCHED it. They’ve already IMPLEMENTED IT within the budget. But nothing will be worthwhile until they ACTIVATE it. IMO – we are close … and maybe other currencies are as well. I believe 4 other currencies could go up in value too. ...Moody just increased Vietnam’s credit rating. [post 2 of 3....stay tuned]
5-16-2017 Intel Guru Frank26 I’d like to take you back to Monday the 8th of May. Here’s what has happened since. Iraq agreed to compensate Kuwait for the rest of the debt that they owed them. Kuwait basically told them not to pay them in currency, but in investment opportunities. So much reconciliation has been growing in the Middle East. An investment window was created for Kuwait. Now we are seeing articles about that. When the WB launched...the monetary reforms, that was the 1st stage of a rocket that launched them into orbit. The 2nd stage is the CBI to lift the zeros. More education has continued to the citizens regarding an increase in power of purchase. [post 1 of 3....stay tuned]
5-16-2017 Intel/Newshound Guru tman23 [when is Ramadan again?] May 29th. Quite frankly I look forward to see May 29th - June 1st... Kuwait introduced and released their 6th series new edition [currency] on the first day of Ramadan back in 2014... So the point I made to the past that nothing happens through Ramadan is completely false...And the second point I made for everyone was...on 4/19/2015... Kuwait Central Bank passed a resolution that the 5th series that was in circulation would Now/Then have to be exchanged directly at the Central Bank ...and would be good for exchange for a period of 10 years...
5-16-2017 Intel Guru RayRen98 Citizen protests have been cancelled for this week. Citizens are happy, with a positive outlook and looking for something good to happen. ...we have been told that the lower denominations are loaded in the ATMs, and citizens have cards that are funded... It’s coming together; we’re just waiting for the next set of announcements from the television, etc... I’m excited by what today’s intel might bring... I’m still expecting the RV this week... [post 2 of 2]
5-16-2017 Intel Guru Frank26 IMO...in the still of the night...the exchange rate of the IQD will change...IMO...on a Sunday...when all banks align at once. An ideal time to do it. Before Ramadan...during Ramadan? Ramadan is NOT a holiday. It is a 30 day time period where they work less and eat less. About 2-3 years ago … the new 25k was introduced with the new security features? That happened during Ramadan. They are so READY... The CBI has told you...they are ready. [post 3 of 3]
5-16-2017 Intel Guru Frank26 IMO...the MR did not stop or postpone when Allak said in January to delay things. The MR is a lava flow...and CAN NOT stop! We’ve been waiting for Mosul to be liberated. By Tuesday, or Wednesday – we should hear of the liberation of Mosul. LIBERATION will launch this country. We are very close for the IQD to go up in value. We are just waiting for Iraq to ACTIVATE the rate. They’ve already LAUNCHED it. They’ve already IMPLEMENTED IT within the budget. But nothing will be worthwhile until they ACTIVATE it. IMO – we are close … and maybe other currencies are as well. I believe 4 other currencies could go up in value too. ...Moody just increased Vietnam’s credit rating. [post 2 of 3....stay tuned]
5-16-2017 Intel Guru Frank26 I’d like to take you back to Monday the 8th of May. Here’s what has happened since. Iraq agreed to compensate Kuwait for the rest of the debt that they owed them. Kuwait basically told them not to pay them in currency, but in investment opportunities. So much reconciliation has been growing in the Middle East. An investment window was created for Kuwait. Now we are seeing articles about that. When the WB launched...the monetary reforms, that was the 1st stage of a rocket that launched them into orbit. The 2nd stage is the CBI to lift the zeros. More education has continued to the citizens regarding an increase in power of purchase. [post 1 of 3....stay tuned]
5-16-2017 Intel/Newshound Guru tman23 [when is Ramadan again?] May 29th. Quite frankly I look forward to see May 29th - June 1st... Kuwait introduced and released their 6th series new edition [currency] on the first day of Ramadan back in 2014... So the point I made to the past that nothing happens through Ramadan is completely false...And the second point I made for everyone was...on 4/19/2015... Kuwait Central Bank passed a resolution that the 5th series that was in circulation would Now/Then have to be exchanged directly at the Central Bank ...and would be good for exchange for a period of 10 years...
5-16-2017 Intel Guru RayRen98 Citizen protests have been cancelled for this week. Citizens are happy, with a positive outlook and looking for something good to happen. ...we have been told that the lower denominations are loaded in the ATMs, and citizens have cards that are funded... It’s coming together; we’re just waiting for the next set of announcements from the television, etc... I’m excited by what today’s intel might bring... I’m still expecting the RV this week... [post 2 of 2]
5-15-2017 Intel Guru RayRen98 Abadi announced on television that it’s time to finish up in Mosul. We got another update this morning that one more district had been reclaimed, so it’s now nine partially and one full district with ISIL still there. Abadi said on television that after 13 years, Iraq is now opening their doors to the international world, and Mosul is hours away from complete liberation. Who knows how many hours that will take, but of course there is expectation that those final hours will take place today. There are ATMs in the area, including Mosul. [post 1 of 2....stay tuned]
5-15-2017 Newshound Guru mike Article: "Iraqi Troops Retake Further Ground in Center of Mosul" This was never going to be a quick and easy operation, the Iraqi's might have portrayed it that way but the terrain and close quarters fighting is difficult to overcome, even with aerial bombardment, mortars and artillery. We're down to the final stages now and it's going to be even more difficult, Jadida, Nabijarjis, Zanjili and Kalakji are going to be ISIL's last stand and that's about all that's left. I don't know that they'll have this knocked out by the beginning of Ramadan, there's a chance though.
5-15-2017 Newshound Guru Aggiedad77 Article: "Abadi's adviser urges Kurdistan to provide oil exports records" Quote: "Mazhar Mohammed Saleh, economic adviser to Iraq’s Prime Minister Haider al-Abadi, said that Iraqi Kurdistan Region must provide an account statement issued by one of the global marketing firms that includes the amount of oil products in its oil fields and export records." This is interesting to me...if Baghdad is a dire need for Erbil's oil export numbers...for the budget...that tells me...they must be close to "activating" the budget... to activate...they need something too besides oil numbers.
5-15-2017 Newshound/Intel Guru BGG Iraqi Day...(not a terrible news source)... tweeted this... #ISIS CALIPHATE HAS ENDED. #Iraq forces storm 4 districts in #Mosul today & gains are incredible, only 2 districts left under ISIS control. "gains are INCREDIBLE"... Earlier today [Sunday] the Fox News Ticker said that Iraqi Spec Ops and U.S. backed-Commandos had breached the final line of defense and fortifications held by ISIS in Mosul. They could actually have Mosul completely liberated by tomorrow [Monday] (if they make the same gains as today). Not that I am saying that - or predicting it... I am just putting some context on things. I care greatly about the actual fruition of our investment.
5-15-2017 Intel Guru Delta ....FROM IRAQI TV: PM ABADI: INVESTMENT DOORS OPEN TO INTERNATIONAL COMPANIES...VIII...
5-15-2017 Newshound Guru Aggiedad77 "One neighborhood separates security forces from a complete victory in Mosul" ...awesome news...stacks on top of all else we are seeing and hearing.
5-15-2017 Newshound/Intel Guru Bluedog BRETT MCGURK IS NOT THERE TO DISCUSS WITH BARZANI RELATIONS BETWEEN BAGHDAD AND KURDISTAN HE HAS ALREADY FINISHED THAT LAST SEPTEMBER 2016... ...IMO...WHAT A DOG AND PONY SHOW FOR THE MEDIA...HE IS THERE FOR THE RIBBON CUTTING AND HE WILL NOT LEAVE IRAQ WITHOUT A MEETING OF THE SAME WITH ABADI AT THE USA EMBASSY IN BAGHDAD. ALL THE CARDS HAVE BEEN LAID OUT ON THE TABLE AND THE WB AND THE IMF SHUFFLED THIS LAST DECK OF CARDS...ABADI IS LOOKING NERVOUS TO GET THIS GAME OVER SO EVERYONE ELSE IN THE WORLD CAN FOLD...IRAQ HAS THE HIGHEST HAND ON THE TABLE...IMO .
5-15-2017 Intel Guru Frank26 1. INITIATION 2. IMPLEMENTATION 3. ACTIVATION. YOU NEED TO UNDERSTAND THE POWER BEHIND THESE WORDS...THE FIRST 2 ARE DONE AND WE AWAIT THE THIRD ONE. ALL BECAUSE THE WORLD BANK LAUNCHED THE MONETARY REFORM ON APRIL 28TH WITH THE IRAQI FINANCE MINISTERS, THE GOI, AND ABADI. THE PLAN WAS TO END MOSUL BY APRIL 17...TO ACTIVATE THE MONETARY REFORM ON APRIL 28TH, AND...IMPLEMENT THE MONETARY REFORM IN THE FIRST HALF OF 2017. ABADI TOLD THE IRAQI CITIZENS LAST YEAR THAT DURING RAMADAN HE HAD SOMETHING SPECIAL FOR THEM BUT WAS UNABLE TO ACCOMPLISH THIS...DO YOU REMEMBER THAT ARTICLE? THIS IS ALL IN MY OPINION. [post 2 of 2]
5-15-2017 Intel Guru Frank26 FIRST OF ALL THE ISIS CALIPHATE AS OF TODAY [SUNDAY] HAS ENDED AND ONLY 2 DISTRICTS REMAIN IN THEIR CONTROL AS OF THIS MORNING...IRAQI FORCES STORMED 4 DISTRICTS AND HAVE MADE LARGE GAINS...CITIZENS ARE RETURNING TO MOSUL BY THE 1,000'S FROM THE SOUTH TO THE EAST. WE BELIEVE THAT ABADI IS ABOUT TO ANNOUNCE FULL LIBERATION OF MOSUL...I ALSO NEED TO EXPLAIN TO YOU WHAT ABADI IS DOING FOR THE CITIZENS DURING RAMADAN. DON'T EVER FORGET THAT WE SHARED WITH YOU AND SO DID ABADI...THEY WILL BE INTERNATIONAL BY THE END OF THE FIRST HALF OF 2017...THE DEFINITION OF "FIRST HALF OF 2017" IS BY THE END OF MAY/START OF JUNE. [post 1 of 2....stay tuned]
5-15-2017 Newshound Guru Aggiedad77 Article: "Nasr Mosul in sight" Mosul "in sight"...this is the final push it sure sounds like to me...perhaps under the cover of a sand storm...make it so.
5-15-2017 Newshound Guru mike Article: "Iraqi Troops Retake Further Ground in Center of Mosul" This was never going to be a quick and easy operation, the Iraqi's might have portrayed it that way but the terrain and close quarters fighting is difficult to overcome, even with aerial bombardment, mortars and artillery. We're down to the final stages now and it's going to be even more difficult, Jadida, Nabijarjis, Zanjili and Kalakji are going to be ISIL's last stand and that's about all that's left. I don't know that they'll have this knocked out by the beginning of Ramadan, there's a chance though.
5-15-2017 Newshound Guru Aggiedad77 Article: "Abadi's adviser urges Kurdistan to provide oil exports records" Quote: "Mazhar Mohammed Saleh, economic adviser to Iraq’s Prime Minister Haider al-Abadi, said that Iraqi Kurdistan Region must provide an account statement issued by one of the global marketing firms that includes the amount of oil products in its oil fields and export records." This is interesting to me...if Baghdad is a dire need for Erbil's oil export numbers...for the budget...that tells me...they must be close to "activating" the budget... to activate...they need something too besides oil numbers.
5-15-2017 Newshound/Intel Guru BGG Iraqi Day...(not a terrible news source)... tweeted this... #ISIS CALIPHATE HAS ENDED. #Iraq forces storm 4 districts in #Mosul today & gains are incredible, only 2 districts left under ISIS control. "gains are INCREDIBLE"... Earlier today [Sunday] the Fox News Ticker said that Iraqi Spec Ops and U.S. backed-Commandos had breached the final line of defense and fortifications held by ISIS in Mosul. They could actually have Mosul completely liberated by tomorrow [Monday] (if they make the same gains as today). Not that I am saying that - or predicting it... I am just putting some context on things. I care greatly about the actual fruition of our investment.
5-15-2017 Intel Guru Delta ....FROM IRAQI TV: PM ABADI: INVESTMENT DOORS OPEN TO INTERNATIONAL COMPANIES...VIII...
5-15-2017 Newshound Guru Aggiedad77 "One neighborhood separates security forces from a complete victory in Mosul" ...awesome news...stacks on top of all else we are seeing and hearing.
5-15-2017 Newshound/Intel Guru Bluedog BRETT MCGURK IS NOT THERE TO DISCUSS WITH BARZANI RELATIONS BETWEEN BAGHDAD AND KURDISTAN HE HAS ALREADY FINISHED THAT LAST SEPTEMBER 2016... ...IMO...WHAT A DOG AND PONY SHOW FOR THE MEDIA...HE IS THERE FOR THE RIBBON CUTTING AND HE WILL NOT LEAVE IRAQ WITHOUT A MEETING OF THE SAME WITH ABADI AT THE USA EMBASSY IN BAGHDAD. ALL THE CARDS HAVE BEEN LAID OUT ON THE TABLE AND THE WB AND THE IMF SHUFFLED THIS LAST DECK OF CARDS...ABADI IS LOOKING NERVOUS TO GET THIS GAME OVER SO EVERYONE ELSE IN THE WORLD CAN FOLD...IRAQ HAS THE HIGHEST HAND ON THE TABLE...IMO .
5-15-2017 Intel Guru Frank26 1. INITIATION 2. IMPLEMENTATION 3. ACTIVATION. YOU NEED TO UNDERSTAND THE POWER BEHIND THESE WORDS...THE FIRST 2 ARE DONE AND WE AWAIT THE THIRD ONE. ALL BECAUSE THE WORLD BANK LAUNCHED THE MONETARY REFORM ON APRIL 28TH WITH THE IRAQI FINANCE MINISTERS, THE GOI, AND ABADI. THE PLAN WAS TO END MOSUL BY APRIL 17...TO ACTIVATE THE MONETARY REFORM ON APRIL 28TH, AND...IMPLEMENT THE MONETARY REFORM IN THE FIRST HALF OF 2017. ABADI TOLD THE IRAQI CITIZENS LAST YEAR THAT DURING RAMADAN HE HAD SOMETHING SPECIAL FOR THEM BUT WAS UNABLE TO ACCOMPLISH THIS...DO YOU REMEMBER THAT ARTICLE? THIS IS ALL IN MY OPINION. [post 2 of 2]
5-15-2017 Intel Guru Frank26 FIRST OF ALL THE ISIS CALIPHATE AS OF TODAY [SUNDAY] HAS ENDED AND ONLY 2 DISTRICTS REMAIN IN THEIR CONTROL AS OF THIS MORNING...IRAQI FORCES STORMED 4 DISTRICTS AND HAVE MADE LARGE GAINS...CITIZENS ARE RETURNING TO MOSUL BY THE 1,000'S FROM THE SOUTH TO THE EAST. WE BELIEVE THAT ABADI IS ABOUT TO ANNOUNCE FULL LIBERATION OF MOSUL...I ALSO NEED TO EXPLAIN TO YOU WHAT ABADI IS DOING FOR THE CITIZENS DURING RAMADAN. DON'T EVER FORGET THAT WE SHARED WITH YOU AND SO DID ABADI...THEY WILL BE INTERNATIONAL BY THE END OF THE FIRST HALF OF 2017...THE DEFINITION OF "FIRST HALF OF 2017" IS BY THE END OF MAY/START OF JUNE. [post 1 of 2....stay tuned]
5-15-2017 Newshound Guru Aggiedad77 Article: "Nasr Mosul in sight" Mosul "in sight"...this is the final push it sure sounds like to me...perhaps under the cover of a sand storm...make it so.
5-14-2017 Newshound Guru Phillyman Article: "Abadi, Sadr near alliance as Maliki renounces majority governance" Quote: "Iraqi Prime Minister Haider al-Abadi is nearing an “electoral alliance” with influential Shia religious and political leader Muqtada al-Sadr in a bid to isolate former PM and premiership hopeful Nouri al-Maliki, according to a newspaper." Could this finally be the tipping point to change the course of Iraqi politics away from Maliki?
5-13-2017 Intel Guru RayRen98 Updates from Iraqi TV since...Wednesday... Wednesday Night: Military leaders on TV today still saying that the goal is to have Mosul liberated by Ramadan. The formal announcement for the total liberation of Mosul should be between the 15th and 19th of May. We "should" see the RV either right before 26 May or during Ramadan which starts on the 26 May. That's what is being said in Iraq in the Mosques. Thursday: 10 percent left to liberate and all ATM's are to be activated soon. More territory was liberated today. Parliament was in meetings and passing more laws. Friday: Iraq stating deals done so that ATM's are now being placed in all post offices in Baghdad and surrounding provinces which will allow access to citizen's MasterCards. Saturday: Iraq TV announced another district liberated today with 13 districts remaining and 2 more main bridges before full liberation is achieved.
5-13-2017 Newshound Guru Aggiedad77 The news today is creating a steady "flow" today...a flow like a lava flow...once it is in motion...it is almost impossible to be stopped...a motion that could soon lead to a light speed movement... the BEST is coming.
5-13-2017 Intel/Newshound Guru tman23 Since it appears to be a matter of fact that Kurdistan will hold a referendum come late October early November... Since previous articles from past years pushed/delayed the lifting of 3 zeros from the first of the year to June... IF WE ARE CLOSE TO SEEING A CHANGE IN THE CURRENCY... AND SINCE IT WAS SAID TO HAPPEN THE BEGINNING OF 2017...IT IS LOGICAL TO LOOK FORWARD TO MAY 29TH TO JUNE 1ST...AND IT IS LOGICAL TO ASSUME THAT IF IT DOES NOT HAPPEN JUNE...IT MAY WAIT FOR THE KURD REFERENDUM AND HELLO 2018! BUT...Since Baghdad would like to keep Kurds interested in a united Iraq...I would think an added value to their currency would lean the scales in that direction...UNITED.
5-13-2017 Newshound Guru G-Lin [new Guru] Article: "ATMs for MasterCard card users" Quote: "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally" I'm not too concerned about that 3 year mention. This art. is a very encouraging one. It looks as though Iraq has already accomplished huge things in the banking industry. We are right in the middle of Iraq going digital. E money. And IMO those ATM's will not slow things down one bit. They apparently have already connected to international banks. That is huge. I think the majorities of salaries are being paid on smart cards and that will encourage the peeps to warm up to banks and bring in those 3 0's notes. Once they pull in the liquidity under the mattresses I think they will bring out the LD's. I don't know when that will be of course, but they seem to be on a fast track currently. At least in the banking industry. And that is exactly what IMF has told them repeatedly to do. Finally they are complying.
5-13-2017 Newshound Guru Phillyman Article: "International Development Bank (IDB) is granted a membership license to MasterCard International" Quote: "The International Development Bank (IDB) on Thursday held the signing ceremony for the contract for the granting of a basic membership license to MasterCard International in Baghdad." I wish the time table wasn't as stated "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally" but it certainly is a huge step in the direction of a nation trying to make great strides in their economy. It would also be nice when electricity is running 24/7 to keep those ATMs on.
5-13-2017 Newshound Guru Aggiedad77 The news today is creating a steady "flow" today...a flow like a lava flow...once it is in motion...it is almost impossible to be stopped...a motion that could soon lead to a light speed movement... the BEST is coming.
5-13-2017 Intel/Newshound Guru tman23 Since it appears to be a matter of fact that Kurdistan will hold a referendum come late October early November... Since previous articles from past years pushed/delayed the lifting of 3 zeros from the first of the year to June... IF WE ARE CLOSE TO SEEING A CHANGE IN THE CURRENCY... AND SINCE IT WAS SAID TO HAPPEN THE BEGINNING OF 2017...IT IS LOGICAL TO LOOK FORWARD TO MAY 29TH TO JUNE 1ST...AND IT IS LOGICAL TO ASSUME THAT IF IT DOES NOT HAPPEN JUNE...IT MAY WAIT FOR THE KURD REFERENDUM AND HELLO 2018! BUT...Since Baghdad would like to keep Kurds interested in a united Iraq...I would think an added value to their currency would lean the scales in that direction...UNITED.
5-13-2017 Newshound Guru G-Lin [new Guru] Article: "ATMs for MasterCard card users" Quote: "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally" I'm not too concerned about that 3 year mention. This art. is a very encouraging one. It looks as though Iraq has already accomplished huge things in the banking industry. We are right in the middle of Iraq going digital. E money. And IMO those ATM's will not slow things down one bit. They apparently have already connected to international banks. That is huge. I think the majorities of salaries are being paid on smart cards and that will encourage the peeps to warm up to banks and bring in those 3 0's notes. Once they pull in the liquidity under the mattresses I think they will bring out the LD's. I don't know when that will be of course, but they seem to be on a fast track currently. At least in the banking industry. And that is exactly what IMF has told them repeatedly to do. Finally they are complying.
5-13-2017 Newshound Guru Phillyman Article: "International Development Bank (IDB) is granted a membership license to MasterCard International" Quote: "The International Development Bank (IDB) on Thursday held the signing ceremony for the contract for the granting of a basic membership license to MasterCard International in Baghdad." I wish the time table wasn't as stated "the project will be completed within the next few years after the final approvals of the implementation conditions have been completed legally" but it certainly is a huge step in the direction of a nation trying to make great strides in their economy. It would also be nice when electricity is running 24/7 to keep those ATMs on.
5-12-2017 Newshound/Intel Guru BGG [...your experience and opinion on a scale of 1 to 10 how close are we to International acceptance and support?] That's a tough one - but we are MUCH CLOSER than we have ever been before.
5-12-2017 Newshound Guru Kaperoni Article: "Iraq presents the settlement of compensation and debt-for-Kuwait Investment" Quote: "the ministry has held discussions with the deputy US ambassador to Iraq and his accompanying delegation mechanisms to complete readiness credit program with the International Monetary Fund," stressing "the ministry's readiness to complete the second review of the program to prepare the credit with the Fund meetings international Monetary. " "The meeting also discussed compensation with the State of Kuwait and ways to file settled through investment window inside Iraq." I believe this will need to be completed before we will see any monetary reform begin. The good news is it sounds like they are close or have a deal.
5-12-2017 Newshound/Intel Guru Mnt Goat Some are saying that Mosul has already been "fully" liberated and just not announced. Really? Article quote: "The chief of staff of the Iraqi army, Major General Othman al-Ghanmi, had predicted the end of last month that the liberation of the right side and the liberation of the city of Mosul entirely from the gangs of terrorist preachers before the month of Ramadan next, which ends the month of May." Okay so here it is in black and white. The month of May was and still it their target. It is confirmed by this article. No doubt about it! I believe if they continue {and don’t take another extended strategic break} they will be done next week.. WOW! So what does this mean to us? This means the CBI can no longer use ISIS as an excuse not to continue with the currency reforms and project to delete the zeros. NOOOOOOOOOO excuses! We all should know by now that the end to our RV saga is very close at hand.
5-12-2017 Newshound Guru MadDScout [...Ramadon is coming up...historically everything shuts down. Do you guys personally feel that if we don't revalue within the next week, we're going to be forced to look at a much later window?] I don't hold that Ramadan is a holdup. I think it is conditional...As in when they meet the conditions...
5-12-2017 Newshound Guru Kaperoni Article: "ATMs for MasterCard card users" Quote: "The Ministry of Communications coordinated the establishment of ATM for users of the card (master card) through its outlets in post offices in Baghdad and the provinces." IMO, these types are articles only tell us currency reform is coming sooner than later.
5-12-2017 Newshound/Intel Guru BGG Article: "Iraq offers compensation settlement and Kuwaiti debt against investment" Quote: "...the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.". two separate items talked about - how to pay back Kuwait (not to be confused with) - their eagerness to settle investments inside Iraq? One of the big problems needing dealt with - is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don't - this is referring to OUTSIDE investors. Period. Really good news - entering final talks - it appears.
5-12-2017 Newshound Guru Kaperoni Article: "Iraq presents the settlement of compensation and debt-for-Kuwait Investment" Quote: "the ministry has held discussions with the deputy US ambassador to Iraq and his accompanying delegation mechanisms to complete readiness credit program with the International Monetary Fund," stressing "the ministry's readiness to complete the second review of the program to prepare the credit with the Fund meetings international Monetary. " "The meeting also discussed compensation with the State of Kuwait and ways to file settled through investment window inside Iraq." I believe this will need to be completed before we will see any monetary reform begin. The good news is it sounds like they are close or have a deal.
5-12-2017 Newshound/Intel Guru Mnt Goat Some are saying that Mosul has already been "fully" liberated and just not announced. Really? Article quote: "The chief of staff of the Iraqi army, Major General Othman al-Ghanmi, had predicted the end of last month that the liberation of the right side and the liberation of the city of Mosul entirely from the gangs of terrorist preachers before the month of Ramadan next, which ends the month of May." Okay so here it is in black and white. The month of May was and still it their target. It is confirmed by this article. No doubt about it! I believe if they continue {and don’t take another extended strategic break} they will be done next week.. WOW! So what does this mean to us? This means the CBI can no longer use ISIS as an excuse not to continue with the currency reforms and project to delete the zeros. NOOOOOOOOOO excuses! We all should know by now that the end to our RV saga is very close at hand.
5-12-2017 Newshound Guru MadDScout [...Ramadon is coming up...historically everything shuts down. Do you guys personally feel that if we don't revalue within the next week, we're going to be forced to look at a much later window?] I don't hold that Ramadan is a holdup. I think it is conditional...As in when they meet the conditions...
5-12-2017 Newshound Guru Kaperoni Article: "ATMs for MasterCard card users" Quote: "The Ministry of Communications coordinated the establishment of ATM for users of the card (master card) through its outlets in post offices in Baghdad and the provinces." IMO, these types are articles only tell us currency reform is coming sooner than later.
5-12-2017 Newshound/Intel Guru BGG Article: "Iraq offers compensation settlement and Kuwaiti debt against investment" Quote: "...the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.". two separate items talked about - how to pay back Kuwait (not to be confused with) - their eagerness to settle investments inside Iraq? One of the big problems needing dealt with - is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don't - this is referring to OUTSIDE investors. Period. Really good news - entering final talks - it appears.
5-11-2017 Newshound Guru Kaperoni Article: "ATMs for MasterCard card users" ...it is fun to watch all the pieces be put in place for the economy to take off. Iraq is literally going from the stone age to the 21st century with technology in a few years.
5-11-2017 Newshound Guru Adam Montana [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don't actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal... except the IQD will be dramatically different than it was a month prior.
5-11-2017 Newshound Guru Kaperoni ...Iraq is doing what is asked of them by the IMF and WB (though 3-6 months late) to prepare the banking system for international integration with the financial system. Iraq needed to make these changes, along with several others (including reducing the spread) to set the stage for acceptance into IMF Article VIII. Remember the goal here as stated in the SBA is to accept Article VIII to "create a favorable business climate" for investment. Accepting Article VIII will give freedom of movement of capital in and out of Iraq (so investors can get profits out), make the dinar convertible worldwide through the banking system, and most importantly allow the CBI to stop the daily auctions and let the market and world set the value for the dinar (they will stop the peg). This is all about creating the conditions for a market economy.
5-11-2017 Intel Guru Daz [We thought it was the US or Iraq holding it up, turns out the WB had to approve their readiness.] ...big difference between a "hold up" and a required "alignment of interests" WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY... "TURN THE MONEY BACK ON".
5-11-2017 Newshound Guru Adam Montana [In 17 days we will see the start of Ramadan...May 26th...this will run until June 24th and then generally they have the 3 day feast. In the past you have mentioned that nothing much happens during Ramadan. What are your thoughts on this for 2017?] Same. Let's see how the next week plays out.
5-11-2017 Intel Guru Frank26 Let me now go in the direction of...an article from an economist...this economist...is actually an advisor and goes to many of the seminars and meetings...and he knows the CBI plan...so his opinion about what they are doing with their Exchange Rate...how they need to INSTALL it as the article says...is strong confirmation IMO of what he is saying because it is in accord with the CBI, IMF, WB plans or projects...which is to lift the Exchange Rate...This article itself is also pointing to the investors of Iraq...we are lifting the restrictions on the Exchange Rate...we are liberating the Exchange Rate from a Program Rate...because Mosul is not an issue anymore...and I believe they have gone from the concept of liberating Mosul to the liberation of the Program Rate...so the investors can come in and rebuild through the infrastructure of Iraq...all of a sudden it looks like they put the locomotive engine of the Monetary Reform back on track...
5-11-2017 Intel Guru Delta [ I...have to ask you about a meeting in Lebanon, the Iraqi Stock Exchange is raising its head out of the water...] ...the Iraqi Stock Exchange...they were supposed to go international in the NASDAQ...and in the last quarter of 2016 they were supposed to go international...but that didn’t work out for 2016, so they came out and said we are going to shoot for early 2017...but that didn’t work out because they are waiting on the rate...for Iraqi Stock Exchange to go international their currency has to be recognizable...Article VIII...and they have to come up with a true rate...so they have been in Lebanon for two days in conferences...we know they have the platform, software...again this is another confirmation they are waiting on one thing...which is the Currency Reform... ...from the WB, to the IMF, to LAUNCHING this or that, e-dinar, the CBI and whatever they are doing right now...nothing is going to work without the rate... Iraq is at a program rate...they have to have their purchasing power back...they have to have their wealth back...so all of this needs the rate...needs the Currency Reform...and that is why it is so significant now seeing everyone going towards that.
5-11-2017 Newshound/Intel Guru Mnt Goat "Economists then wonder the government's insistence on the use of "penny" cash as a unit" ...they are not saying the fils or lower denominations are out in circulation. They are talking about the proposed future currency...the new lower denominations. It is obvious they are NOT in favor of the penny since they have not had the penny for over 30 years [since the 1980’s] and the newer generation does not know anything about it or how to use it. So the CBI must be training the citizens on what to expect shortly. Why is this so good for us and the RV? Because they are talking about it, Mosul liberation is very close and so what do you think they are planning to do next?
5-11-2017 Newshound Guru Adam Montana [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don't actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal... except the IQD will be dramatically different than it was a month prior.
5-11-2017 Newshound Guru Kaperoni ...Iraq is doing what is asked of them by the IMF and WB (though 3-6 months late) to prepare the banking system for international integration with the financial system. Iraq needed to make these changes, along with several others (including reducing the spread) to set the stage for acceptance into IMF Article VIII. Remember the goal here as stated in the SBA is to accept Article VIII to "create a favorable business climate" for investment. Accepting Article VIII will give freedom of movement of capital in and out of Iraq (so investors can get profits out), make the dinar convertible worldwide through the banking system, and most importantly allow the CBI to stop the daily auctions and let the market and world set the value for the dinar (they will stop the peg). This is all about creating the conditions for a market economy.
5-11-2017 Intel Guru Daz [We thought it was the US or Iraq holding it up, turns out the WB had to approve their readiness.] ...big difference between a "hold up" and a required "alignment of interests" WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY... "TURN THE MONEY BACK ON".
5-11-2017 Newshound Guru Adam Montana [In 17 days we will see the start of Ramadan...May 26th...this will run until June 24th and then generally they have the 3 day feast. In the past you have mentioned that nothing much happens during Ramadan. What are your thoughts on this for 2017?] Same. Let's see how the next week plays out.
5-11-2017 Intel Guru Frank26 Let me now go in the direction of...an article from an economist...this economist...is actually an advisor and goes to many of the seminars and meetings...and he knows the CBI plan...so his opinion about what they are doing with their Exchange Rate...how they need to INSTALL it as the article says...is strong confirmation IMO of what he is saying because it is in accord with the CBI, IMF, WB plans or projects...which is to lift the Exchange Rate...This article itself is also pointing to the investors of Iraq...we are lifting the restrictions on the Exchange Rate...we are liberating the Exchange Rate from a Program Rate...because Mosul is not an issue anymore...and I believe they have gone from the concept of liberating Mosul to the liberation of the Program Rate...so the investors can come in and rebuild through the infrastructure of Iraq...all of a sudden it looks like they put the locomotive engine of the Monetary Reform back on track...
5-11-2017 Intel Guru Delta [ I...have to ask you about a meeting in Lebanon, the Iraqi Stock Exchange is raising its head out of the water...] ...the Iraqi Stock Exchange...they were supposed to go international in the NASDAQ...and in the last quarter of 2016 they were supposed to go international...but that didn’t work out for 2016, so they came out and said we are going to shoot for early 2017...but that didn’t work out because they are waiting on the rate...for Iraqi Stock Exchange to go international their currency has to be recognizable...Article VIII...and they have to come up with a true rate...so they have been in Lebanon for two days in conferences...we know they have the platform, software...again this is another confirmation they are waiting on one thing...which is the Currency Reform... ...from the WB, to the IMF, to LAUNCHING this or that, e-dinar, the CBI and whatever they are doing right now...nothing is going to work without the rate... Iraq is at a program rate...they have to have their purchasing power back...they have to have their wealth back...so all of this needs the rate...needs the Currency Reform...and that is why it is so significant now seeing everyone going towards that.
5-11-2017 Newshound/Intel Guru Mnt Goat "Economists then wonder the government's insistence on the use of "penny" cash as a unit" ...they are not saying the fils or lower denominations are out in circulation. They are talking about the proposed future currency...the new lower denominations. It is obvious they are NOT in favor of the penny since they have not had the penny for over 30 years [since the 1980’s] and the newer generation does not know anything about it or how to use it. So the CBI must be training the citizens on what to expect shortly. Why is this so good for us and the RV? Because they are talking about it, Mosul liberation is very close and so what do you think they are planning to do next?
5-10-2017 Newshound Guru mike Article: "Rasheed Bank starts tomorrow to sell the dollar to travelers at the official rate" [This should shrink the spread, do you think?] It will help some, but the max you can buy if you're traveling is $3-5 thousand worth. If they opened up the currency exchange to everyone for whatever amount they wanted it would drop within weeks. The downside to that is they haven't tackled the corruption yet so the reserves would drop even more quickly than it already is. This is one of the two things the IMF has advised them during the Article IV consultations to do, remove exchange restrictions and control the MCP.
5-10-2017 Newshound Guru Adam Montana [Is there actual proof that lower denoms and coins have already been printed or are at least scheduled to be printed?] I'm not sure what "actual proof" you might want, but I've seen and heard enough to be confident that the answer is "Yes".
5-10-2017 Newshound GuruAggiedad77 Article: "Finance discussed with the US Embassy in Kuwait and compensation settled by means of investment" Quotes: "...it was the ministry 's readiness to complete the second review of the program to prepare credit meetings with the International Monetary Fund." "...meeting also discussed the compensation file with the State of Kuwait and ways settled through investment window inside Iraq." ...the news is hitting the ball out of the park... There are several things of this article I like... first...Iraq is working towards settling their monetary debt to Kuwait...second this is being talked about going through the IMF...that tells me it is real...and third...the mention of being "settled through an investment window inside of Iraq"...did ya'll hear that...read it again..."INVESTMENT WINDOW INSIDE of IRAQ"...whatever could that be... maybe they think they can take the $4.5 billion USD owed to them and turn it into some kind of small fortune for the loss of their royalty at the hands of Saddam... "INVESTMENT" ..."IRAQ"...the fruit is ripe for the picking me thinks...IMO
5-10-2017 Newshound/Intel Guru Mnt Goat I asked if there were any new laws pending that mattered? I was told as far as the CBI is concerned they plan to get the green light again from the GOI, just as soon as ISIS and Daesh liberation is completed up north. He did not mention any needed laws stopping the CBI. He sounded VERY optimistic that this was going to happen VERY soon. I asked one last question – Will Ramadam holiday have any impact on the currency reform? I was told Ramadan is the ninth month of the Islamic calendar or the month of June this year since the calendar floats. It will end June 26th with Eid-al-Fitr day. It is fast approaching and we are hoping the GOI can stabilize the northern regions prior to this time period. With only about 3 weeks remaining in May could he mean maybe in May if the GOI can produce and do their part? ...I believe we are looking at a fantastic window of opportunity for a possible increase in the value of the dinar VERY soon and I mean VERY soon. [post 2 of 2]
5-10-2017 Newshound/Intel Guru Mnt Goat In a recent conversation with my CBI contact I was informed that the IMF and the World Bank are both putting extreme pressure on Iraq now to finalize the war on terrorism in the northern regions and then to finalize the financial reforms. I know for a fact there have been numerous meetings between Iraq and these two entities as of lately. What else were they talking about then about financial matters...and what does matters the most right now? I asked will they plan to continue with the “project to delete the zeros” anytime soon? I was told the project never really stopped just that they did not complete the step to convert the currency over. This will be launched soon. Of course he could not give me a date. [post 1 of 2....stay tuned]
5-10-2017 Newshound Guru Adam Montana I was out on my morning run early today, contemplating "The Rate". You know, one of the few questions I try really hard not to answer? I always play "devils advocate" with myself, and I mean hard ball style. Worst case scenario, best case, sideways case... what are the other angles, where else could this go? The CBI can announce a new rate tomorrow, and the financial markets are all going to look at each other and wait to see what the other does. As soon as one player accepts it, then another, then another... pretty quickly, the entire world is on board... What I'm trying to convey here is my renewed conviction that an RV rate of .10 STILL makes sense to me...but the people who run the CBI aren't stupid. They surely know that when they change the rate, they are starting a snowball down a mountain. Let's get rolling, baby!
5-10-2017 Intel Guru Bruce This morning [Tuesday] we were suppose to have the new budget for Iraq in their Gazette published. It was not in the Gazette. The budget would contain the rate of the dinar, something everyone could see and therefore could be put out around the world for all to see the new Iraqi dinar rate. It is something they have sort of kept from us. Possibly waiting for the announcement about Mosul... The process is under way. The GCR/RV is under way. We are in the midst of it happening now. It has initiated. Just realize we are right there. The rates continue to be traded up. They are in great shape. We know it is coming. They are finishing up last minute touches. The information I just got is very exciting. The proximity is we are right there. I can’t say we will definitely have it tonight or tomorrow. ...it wouldn’t surprise me if we get it...soon. I am very excited.
5-10-2017 Newshound Guru Kaperoni Article: "Central: The reality of the Iraqi economy makes it imperative to develop financial operations" Quote: "indicating that the deposit guarantee law is the cornerstone of this topic and its application is true to move liquidity in the right direction and transfer to the banking sector , which Ciozvha in the national economy first . The estimated volume of liquidity in Iraq to 47 trillion Iraqi dinars in homes around hoarding 70 percent of this amount , according to indicators of specialized centers and finance experts. " I see Iraq a crossroads, they need to get these things done now so the CBI can get the banking system open to the world for foreign investment. No time to waste and they have been talking about a private sector way to long.
5-10-2017 Intel Guru Delta [...there was another meeting going on...a big meeting that happened about 24 hours ago with Abadi, Joubari, Hakim, Sadr...what do you think about this big meeting with these powerful men...?] I agree this was a huge meeting...it appears to have been a very successful meeting…We believe this meeting was regarding an announcement...and that is about the liberation of Mosul and they await the right timing...and by the way I do not believe Mosul to be an issue anymore...we are just waiting for them to announce it officially...they just wait for the right moment to announce it...and of course after that we wait for the announcement of the currency or Financial Reform... [post 2 of 2]
5-10-2017 Intel Guru Delta [Abadi and Allak are going to look like heroes aren’t they.] Oh yes those two people will look so good, especially once Mosul is liberated...they get the credit...even with no official notification...all indications and what they are doing behind closed doors and with the economic conferences and seminars taking place...they are shifting their focus from terrorists to their economy because we believe Mosul is a done deal...yes these two people I believe will look like heroes...one is the Prime Minister Abadi...like two birds with one stone who liberates every city from DAASH and ISIS and gives Iraq Security...and the other one is the governor of the CBI Allak who will also look like a hero for the plan he has created...this guy is doing what is necessary to help their currency and their country and he deserves a lot of the credit. [post 1 of 2....stay tuned]
5-10-2017 Newshound Guru Adam Montana [Is there actual proof that lower denoms and coins have already been printed or are at least scheduled to be printed?] I'm not sure what "actual proof" you might want, but I've seen and heard enough to be confident that the answer is "Yes".
5-10-2017 Newshound GuruAggiedad77 Article: "Finance discussed with the US Embassy in Kuwait and compensation settled by means of investment" Quotes: "...it was the ministry 's readiness to complete the second review of the program to prepare credit meetings with the International Monetary Fund." "...meeting also discussed the compensation file with the State of Kuwait and ways settled through investment window inside Iraq." ...the news is hitting the ball out of the park... There are several things of this article I like... first...Iraq is working towards settling their monetary debt to Kuwait...second this is being talked about going through the IMF...that tells me it is real...and third...the mention of being "settled through an investment window inside of Iraq"...did ya'll hear that...read it again..."INVESTMENT WINDOW INSIDE of IRAQ"...whatever could that be... maybe they think they can take the $4.5 billion USD owed to them and turn it into some kind of small fortune for the loss of their royalty at the hands of Saddam... "INVESTMENT" ..."IRAQ"...the fruit is ripe for the picking me thinks...IMO
5-10-2017 Newshound/Intel Guru Mnt Goat I asked if there were any new laws pending that mattered? I was told as far as the CBI is concerned they plan to get the green light again from the GOI, just as soon as ISIS and Daesh liberation is completed up north. He did not mention any needed laws stopping the CBI. He sounded VERY optimistic that this was going to happen VERY soon. I asked one last question – Will Ramadam holiday have any impact on the currency reform? I was told Ramadan is the ninth month of the Islamic calendar or the month of June this year since the calendar floats. It will end June 26th with Eid-al-Fitr day. It is fast approaching and we are hoping the GOI can stabilize the northern regions prior to this time period. With only about 3 weeks remaining in May could he mean maybe in May if the GOI can produce and do their part? ...I believe we are looking at a fantastic window of opportunity for a possible increase in the value of the dinar VERY soon and I mean VERY soon. [post 2 of 2]
5-10-2017 Newshound/Intel Guru Mnt Goat In a recent conversation with my CBI contact I was informed that the IMF and the World Bank are both putting extreme pressure on Iraq now to finalize the war on terrorism in the northern regions and then to finalize the financial reforms. I know for a fact there have been numerous meetings between Iraq and these two entities as of lately. What else were they talking about then about financial matters...and what does matters the most right now? I asked will they plan to continue with the “project to delete the zeros” anytime soon? I was told the project never really stopped just that they did not complete the step to convert the currency over. This will be launched soon. Of course he could not give me a date. [post 1 of 2....stay tuned]
5-10-2017 Newshound Guru Adam Montana I was out on my morning run early today, contemplating "The Rate". You know, one of the few questions I try really hard not to answer? I always play "devils advocate" with myself, and I mean hard ball style. Worst case scenario, best case, sideways case... what are the other angles, where else could this go? The CBI can announce a new rate tomorrow, and the financial markets are all going to look at each other and wait to see what the other does. As soon as one player accepts it, then another, then another... pretty quickly, the entire world is on board... What I'm trying to convey here is my renewed conviction that an RV rate of .10 STILL makes sense to me...but the people who run the CBI aren't stupid. They surely know that when they change the rate, they are starting a snowball down a mountain. Let's get rolling, baby!
5-10-2017 Intel Guru Bruce This morning [Tuesday] we were suppose to have the new budget for Iraq in their Gazette published. It was not in the Gazette. The budget would contain the rate of the dinar, something everyone could see and therefore could be put out around the world for all to see the new Iraqi dinar rate. It is something they have sort of kept from us. Possibly waiting for the announcement about Mosul... The process is under way. The GCR/RV is under way. We are in the midst of it happening now. It has initiated. Just realize we are right there. The rates continue to be traded up. They are in great shape. We know it is coming. They are finishing up last minute touches. The information I just got is very exciting. The proximity is we are right there. I can’t say we will definitely have it tonight or tomorrow. ...it wouldn’t surprise me if we get it...soon. I am very excited.
5-10-2017 Newshound Guru Kaperoni Article: "Central: The reality of the Iraqi economy makes it imperative to develop financial operations" Quote: "indicating that the deposit guarantee law is the cornerstone of this topic and its application is true to move liquidity in the right direction and transfer to the banking sector , which Ciozvha in the national economy first . The estimated volume of liquidity in Iraq to 47 trillion Iraqi dinars in homes around hoarding 70 percent of this amount , according to indicators of specialized centers and finance experts. " I see Iraq a crossroads, they need to get these things done now so the CBI can get the banking system open to the world for foreign investment. No time to waste and they have been talking about a private sector way to long.
5-10-2017 Intel Guru Delta [...there was another meeting going on...a big meeting that happened about 24 hours ago with Abadi, Joubari, Hakim, Sadr...what do you think about this big meeting with these powerful men...?] I agree this was a huge meeting...it appears to have been a very successful meeting…We believe this meeting was regarding an announcement...and that is about the liberation of Mosul and they await the right timing...and by the way I do not believe Mosul to be an issue anymore...we are just waiting for them to announce it officially...they just wait for the right moment to announce it...and of course after that we wait for the announcement of the currency or Financial Reform... [post 2 of 2]
5-10-2017 Intel Guru Delta [Abadi and Allak are going to look like heroes aren’t they.] Oh yes those two people will look so good, especially once Mosul is liberated...they get the credit...even with no official notification...all indications and what they are doing behind closed doors and with the economic conferences and seminars taking place...they are shifting their focus from terrorists to their economy because we believe Mosul is a done deal...yes these two people I believe will look like heroes...one is the Prime Minister Abadi...like two birds with one stone who liberates every city from DAASH and ISIS and gives Iraq Security...and the other one is the governor of the CBI Allak who will also look like a hero for the plan he has created...this guy is doing what is necessary to help their currency and their country and he deserves a lot of the credit. [post 1 of 2....stay tuned]
5-9-2017 Intel Guru Delta [...what can you share about the MO figures? What is your opinion?] I think they are very low. The spreadsheet of the CBI will show something like 27 trillion. The exact cash in the hands of the citizens...they say they have around 70%...but never share the exact amount. Remember about 2 years ago they said they reprinted about 4 Trillion Dinars. I believe...maybe like a couple of trillion in the hands of the people because most citizens have USD’s. Exchange with citizens will either be electronic or into lower denoms. The only time you can buy USD’s will be if an Iraqi is traveling to the USA and shows documentation. The CBI is not going to lose any money. A month ago...they stated they had like 11 billion dinars...I think they have less than that. Inside of Iraq...a dinar is a dinar – they can’t exchange for USD’s.
5-9-2017 Intel Guru Frank26 [Guru] Delta has told us that in Arabic...they HAVE LAUNCHED the FINANCIAL REFORMS in Iraq. This is the first time we (Team) recalls seeing an article where the World Bank and the IMF DEMANDING of a country to do their financial reforms. As you know, the IMF and the World Bank only deal with money issues – they are not a political organization. The BUDGET to INVESTORS...they all need a change in the rate of the currency of Iraq. Consider this month of May...the event of Ramadan...it lasts for 30 days...It starts on the 25th...and leads into a 3 day holiday called EID...which helps the poor. In the 8 years I have been with you...they don’t do anything during Ramadan or EID. Maybe this is why the monetary reforms should happen BEFORE Ramadan. Keep in mind...you don’t stop a LAUNCH in mid-flight! [post 2 of 2]
5-9-2017 Intel Guru Frank26 Article: "Baghdad/ Iraq TradeLink: Iraqi Acting Finance Minister Abdul Razzak al-Issa stated that the financial reform in the courntry, in cooperation with the World Bank (WB) has been started." IMO the IMF and the World Bank made a plan. The World Bank and the IMF have agreed as of December 2016 to follow through – known as the “Financial Reform” of the IQD. As you know...there was a delay due to stability / security / Mosul. Three days ago, an article came out and said that they had LAUNCHED their Financial Reforms. They (IMF & World Bank) have been demanding for Iraq to do this. Iraq will not be able to go back on their agreement. They have LAUNCHED the reforms family! [post 1 of 2....stay tuned]
5-9-2017 Newshound Guru mike ...the US is Iraq's "champion" to the world with the SFA and we've done everything we can to have the west help and support Iraq. ...all they have to do is begin to help themselves. At some point they have to create an environment that's palatable to outside investment and support, and they've got a lot of work to do on that front. They've shown us over and over that they're willing to accept the handouts but they don't want to be accountable for those funds. They can blame the slow movement on the USA and the SFA/TIFA but in the end, the ball's in their court, all they have to do is pick it up and run with it. Your move, Abadi... [post 2 of 2]
5-9-2017 Newshound Guru mike Article: "Baghdad and Washington towards activating the strategic framework agreement" From what I understand, the SFA is a bilateral agreement, what we're waiting for is Iraq to implement the changes on their side. The US has led the way but Iraq has a lot of work to do. I think militarily, the US is honoring it's SFA side of the agreement, removing ISIL is a great example. We've trained, given weapons and fought side by side with the Iraqi's. Most of the sections in the SFA are 3-6 line items until you get the the economic stuff, and that's where the delays are. [post 1 of 2....stay tuned]
5-9-2017 Intel Guru Jester ...OIL CREDITS OF $30/BARREL... WORTH WHATEVER THE GOING RATE FOR OIL IS... ABOUT $70 TODAY BUT HISTORICALLY AS MUCH AS $115... SPRING INTO EXISTENCE FOR A VALUE OF X NUMBER OF DINARS... AND A BARREL OF OIL IS SOME $5 TO PRODUCE...SO INSTEAD OF REPATRIATING DINAR AT WHATEVER THE STREET RATE WILL BE THEY TRADE X DINAR FOR AN OIL CREDIT THAT SOMEONE ELSE VALUES MUCH HIGHER TO GET IT... AND GET OUT OF THE WHOLE THING WAY MORE CHEAPLY... THE DINAR IS TRADED IN AND CONVERTED TO AN OIL CREDIT FOR A CHEAP SUPPLY OF OIL... IRAQ GETS OUT AT A FRACTION OF WHAT IT WOULD COST TO TAKE IN THE DINAR ON THE STREET RATE...SO BASICALLY... FROM IRAQ'S STANDPOINT A HUGE AMOUNT OF DINAR IS TAKEN UP FOR A CHEAP SUPPLY OF OIL... THEY SUPPLY THE OIL CHEAPLY TO THE OIL CREDIT HOLDER... THE OIL CREDIT HOLDER IS HAPPY TO BE GETTING THE OIL FOR THE OIL CREDIT PRICE... [Post 2 of 2]
5-9-2017 Intel Guru Jester ...TO THE NAYSAYERS THAT CONTINUE TO POSTULATE THERE IS NOT ENOUGH MONEY IN THE WORLD TO REPATRIATE ALL THE DINAR OUT THERE...THIS SCENARIO WOULD WORK TO REDUCE THE NUMBERS SIGNIFICANTLY...THE MATH IS THERE IN THEORY... MOSTLY BECAUSE THE OIL THAT IS BEING SUPPLIED IS WAY CHEAPER THAN THE OIL CREDIT VALUE AND WHAT HAD TO BE PAID FOR IT TO BEGIN WITH... WHICH IS DINARS... YOU CONVERT A CERTAIN AMOUNT OF DINARS TO A CERTAIN VALUE OF OIL CREDITS... WHICH IS PAYING SOMETHING WORTH SOMETHING FOR SOMETHING THAT IS VALUABLE... WHICH CAN THEN BE SUPPLIED VERY CHEAPLY...TO MAKE THIS MAKE SENSE I WILL POSTULATE AN EXAMPLE... [Post 1 of 2 stay tuned for the rest of the story]
5-9-2017 Newshound/Intel Guru BGG [...looking at the past , we know IQD was at $3+ at one time. the Kuwait dinar is over 3+ now. I would think at sometime in the future they would want to be at least even with Kuwait, an ego thing...] We are welcome to think that - but... when presenting factual news and commentary ... best to stick with facts and print in INK. $3 is NOWHERE in sight. will it happen? Who knows?
5-9-2017 Intel Guru Frank26 [Guru] Delta has told us that in Arabic...they HAVE LAUNCHED the FINANCIAL REFORMS in Iraq. This is the first time we (Team) recalls seeing an article where the World Bank and the IMF DEMANDING of a country to do their financial reforms. As you know, the IMF and the World Bank only deal with money issues – they are not a political organization. The BUDGET to INVESTORS...they all need a change in the rate of the currency of Iraq. Consider this month of May...the event of Ramadan...it lasts for 30 days...It starts on the 25th...and leads into a 3 day holiday called EID...which helps the poor. In the 8 years I have been with you...they don’t do anything during Ramadan or EID. Maybe this is why the monetary reforms should happen BEFORE Ramadan. Keep in mind...you don’t stop a LAUNCH in mid-flight! [post 2 of 2]
5-9-2017 Intel Guru Frank26 Article: "Baghdad/ Iraq TradeLink: Iraqi Acting Finance Minister Abdul Razzak al-Issa stated that the financial reform in the courntry, in cooperation with the World Bank (WB) has been started." IMO the IMF and the World Bank made a plan. The World Bank and the IMF have agreed as of December 2016 to follow through – known as the “Financial Reform” of the IQD. As you know...there was a delay due to stability / security / Mosul. Three days ago, an article came out and said that they had LAUNCHED their Financial Reforms. They (IMF & World Bank) have been demanding for Iraq to do this. Iraq will not be able to go back on their agreement. They have LAUNCHED the reforms family! [post 1 of 2....stay tuned]
5-9-2017 Newshound Guru mike ...the US is Iraq's "champion" to the world with the SFA and we've done everything we can to have the west help and support Iraq. ...all they have to do is begin to help themselves. At some point they have to create an environment that's palatable to outside investment and support, and they've got a lot of work to do on that front. They've shown us over and over that they're willing to accept the handouts but they don't want to be accountable for those funds. They can blame the slow movement on the USA and the SFA/TIFA but in the end, the ball's in their court, all they have to do is pick it up and run with it. Your move, Abadi... [post 2 of 2]
5-9-2017 Newshound Guru mike Article: "Baghdad and Washington towards activating the strategic framework agreement" From what I understand, the SFA is a bilateral agreement, what we're waiting for is Iraq to implement the changes on their side. The US has led the way but Iraq has a lot of work to do. I think militarily, the US is honoring it's SFA side of the agreement, removing ISIL is a great example. We've trained, given weapons and fought side by side with the Iraqi's. Most of the sections in the SFA are 3-6 line items until you get the the economic stuff, and that's where the delays are. [post 1 of 2....stay tuned]
5-9-2017 Intel Guru Jester ...OIL CREDITS OF $30/BARREL... WORTH WHATEVER THE GOING RATE FOR OIL IS... ABOUT $70 TODAY BUT HISTORICALLY AS MUCH AS $115... SPRING INTO EXISTENCE FOR A VALUE OF X NUMBER OF DINARS... AND A BARREL OF OIL IS SOME $5 TO PRODUCE...SO INSTEAD OF REPATRIATING DINAR AT WHATEVER THE STREET RATE WILL BE THEY TRADE X DINAR FOR AN OIL CREDIT THAT SOMEONE ELSE VALUES MUCH HIGHER TO GET IT... AND GET OUT OF THE WHOLE THING WAY MORE CHEAPLY... THE DINAR IS TRADED IN AND CONVERTED TO AN OIL CREDIT FOR A CHEAP SUPPLY OF OIL... IRAQ GETS OUT AT A FRACTION OF WHAT IT WOULD COST TO TAKE IN THE DINAR ON THE STREET RATE...SO BASICALLY... FROM IRAQ'S STANDPOINT A HUGE AMOUNT OF DINAR IS TAKEN UP FOR A CHEAP SUPPLY OF OIL... THEY SUPPLY THE OIL CHEAPLY TO THE OIL CREDIT HOLDER... THE OIL CREDIT HOLDER IS HAPPY TO BE GETTING THE OIL FOR THE OIL CREDIT PRICE... [Post 2 of 2]
5-9-2017 Intel Guru Jester ...TO THE NAYSAYERS THAT CONTINUE TO POSTULATE THERE IS NOT ENOUGH MONEY IN THE WORLD TO REPATRIATE ALL THE DINAR OUT THERE...THIS SCENARIO WOULD WORK TO REDUCE THE NUMBERS SIGNIFICANTLY...THE MATH IS THERE IN THEORY... MOSTLY BECAUSE THE OIL THAT IS BEING SUPPLIED IS WAY CHEAPER THAN THE OIL CREDIT VALUE AND WHAT HAD TO BE PAID FOR IT TO BEGIN WITH... WHICH IS DINARS... YOU CONVERT A CERTAIN AMOUNT OF DINARS TO A CERTAIN VALUE OF OIL CREDITS... WHICH IS PAYING SOMETHING WORTH SOMETHING FOR SOMETHING THAT IS VALUABLE... WHICH CAN THEN BE SUPPLIED VERY CHEAPLY...TO MAKE THIS MAKE SENSE I WILL POSTULATE AN EXAMPLE... [Post 1 of 2 stay tuned for the rest of the story]
5-9-2017 Newshound/Intel Guru BGG [...looking at the past , we know IQD was at $3+ at one time. the Kuwait dinar is over 3+ now. I would think at sometime in the future they would want to be at least even with Kuwait, an ego thing...] We are welcome to think that - but... when presenting factual news and commentary ... best to stick with facts and print in INK. $3 is NOWHERE in sight. will it happen? Who knows?
5-8-2017 Intel/Newshound Guru tman23 The old notes are given certain time period for exchange and then destroyed once they are returned to RBI. Note that, the purchasing power remains the same throughout the transaction except you are getting new notes for old notes. Differences between Re-denomination & Re-valuation: For re-denomination, All the old notes must be replaced with new notes. This is not needed for a re-valuation. Re-denomination does not change the net value (Purchasing Power) while Revaluation does that. Bank should announce in advance for a decision of Re-denomination while banks will never announce in advance for Revaluation. [post 2 of 2]
5-8-2017 Intel/Newshound Guru tman23 ...Revaluation (Definition): A calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. central bank) can alter the official value of the currency. Re-denomination has nothing to do with Re-valuation. When a currency is redenominated the central bank of that country will reissue notes at a decided ratio for both speculators and its citizens. For ex., If you have a 1000 INR note and Reserve Bank of India (RBI) redenominated at a ratio 1:10 then RBI will take your old 1000 INR note and issue you new 100 INR whose value stays the same. The net value of old 1000 INR will be same as new 100 INR. [post 1 of 2....stay tuned]
5-8-2017 Intel Guru RayRen98 [What is your anticipation about WHEN this will pop?] They have been saying that as soon as Mosul is liberated, the rest will happen. The prices have been dropping… it all adds together. Sure, Mosul was a good scapegoat for them, for other things they had to do. That has now gone, and this is what they promised their people, so seeing them on television says that they are going ahead with economic reforms, changing the currency, etc. These are interesting times and I can’t wait to hear what happens next, in the next few minutes, hours, or days. If this isn’t the week, I don’t know what week would be better. [post 2 of 2]
5-8-2017 Intel Guru RayRen98 We did look for activity to come out over the weekend, which didn’t happen, but the timing was just a tad off. Over the weekend, we saw articles from Iraqi military leaders saying Da’esh is finished and Mosul is completely liberated, with no more major elements to deal with. On Iraqi television, and reported to me separately, is that effective from four hours ago LIBERATION IS COMPLETE. That would be cake for us! The icing on that cake, it says that Abadi and Sadr have been meeting privately, plus the CBI governor and finance minister, all meeting together in a celebratory and triumphant mood. If it were just about liberating Mosul, why would the governor and finance minister be there? All four were together, signaling triumph... Very interesting indeed. Also, there is expectation that our president will be visiting Iraq in a week or so – put all that together, and... [post 1 of 2....stay tuned]
5-8-2017 Intel/Newshound Guru tman23 Quote: "On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float, and the difference between the big" INTERESTING STATEMENT! Liberalization (defined): the removal or loosening of restrictions on something... "AND NOT FLOAT...AND THE DIFFERENCE BETWEEN THE BIG!" So what is the BIG? The 3 zero notes being the BIG? I would not float the currency either IF the 3 zero notes were going to be of value that includes the "zeros"...A one cent increase if floated is 25,000 pennies or $250 on a 25k note...Now I read some say...I will hold onto the currency as it increases in value, yet the CBI governor is saying no float...so then how does it increase?
5-8-2017 Newshound/Intel Guru Mnt Goat Article: "Iraqi troops declare full liberation of Mesherfa region, western Mosul." That leaves only 2 regions left. Remember the article last week stating that three regions only remained to be liberated. Let’s see what the coming days will bring. Just in as I write this... "...joint operations officially announce that Counter-Terrorism units have stormed Wadi Akab industrial district in western Mosul." [See the latest Mosul Map below 5-7-2017 Dinar Guru update]
5-8-2017 Newshound Guru Aggiedad77 Article: "Achieving the objectives of monetary policy requirements until the year 2020" Quote: "...and install the Iraqi dinar exchange rate against the dollar are preparing to be necessary and appropriate, as the window of foreign currency held by the central positive role in maintaining an appropriate level of the exchange rate and install it..." Keep this thought in mind...if this is in print...it's already done...already implemented... IMO.
5-8-2017 Newshound/Intel Guru BGG Second half of the answer...Who - in Iraq ever said anything DIRECTLY about $3? ...all of the foundational documents we have uncovered and are using as our basis research seem to indicate something around $1...SIGR report...Iraq MOP studies...recent interviews with CBI Officials...I haven't verified $3 ONE TIME - NOT ONCE...in fact, it seems clear they intend to get to $1 - but how exactly they intend to do that - we are not sure of... NOR CAN WE BE. Relax and enjoy the show - YOU'VE GOT A TICKET TO RIDE! [post 3 of 3]
5-8-2017 Newshound/Intel Guru BGG ...the only reason they have to worry about what is outside of Iraq is they might have to redeem it in some way. Both the CBI has been sensitive to this issue for some time... and the IMF - UN - WB has had an eye on it as well...the Dinar that is INSIDE Iraq is still going to be worth a Dinar. Nothing changes on that front - they just get more for it. It's not costing the CBI a DIME!! ...a Dinar is still worth a Dinar - post RV. Iraqis are not going to be POURING INTO BANKS to exchange their Dinar for some other foreign currency... why would they? [post 2 of 3....stay tuned]
5-8-2017 Newshound/Intel Guru BGG ...a friend calls me this week...has a couple of questions for me to answer. How can Iraq, if they have 25 Trillion Dinar outstanding - ever RV at a $3 dollar rate and pay for it? Isn't that like 75 Trillion Dollars? First, we have NO IDEA what the real outstanding number is - OUTSIDE OF IRAQ. That is the key number...there is NO RELIABLE INFO on this... even the CBI's internal people can only estimate... and they don't think it is that much. Could be as low as 3 Trillion - maybe less now...So - the real lesson is not to base complex analysis on wide gaps in actual information. The 25 Trillion number is likely a flawed assumption... AND if they get "international support and acceptance" - that 3-6 Trillion could even get held in various Treasuries as "Foreign currency reserves" - JUST LIKE IRAQ CURRENCY DOES FOR OTHERS. [post 1 of 3....stay tuned]
5-8-2017 Intel/Newshound Guru tman23 ...Revaluation (Definition): A calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. central bank) can alter the official value of the currency. Re-denomination has nothing to do with Re-valuation. When a currency is redenominated the central bank of that country will reissue notes at a decided ratio for both speculators and its citizens. For ex., If you have a 1000 INR note and Reserve Bank of India (RBI) redenominated at a ratio 1:10 then RBI will take your old 1000 INR note and issue you new 100 INR whose value stays the same. The net value of old 1000 INR will be same as new 100 INR. [post 1 of 2....stay tuned]
5-8-2017 Intel Guru RayRen98 [What is your anticipation about WHEN this will pop?] They have been saying that as soon as Mosul is liberated, the rest will happen. The prices have been dropping… it all adds together. Sure, Mosul was a good scapegoat for them, for other things they had to do. That has now gone, and this is what they promised their people, so seeing them on television says that they are going ahead with economic reforms, changing the currency, etc. These are interesting times and I can’t wait to hear what happens next, in the next few minutes, hours, or days. If this isn’t the week, I don’t know what week would be better. [post 2 of 2]
5-8-2017 Intel Guru RayRen98 We did look for activity to come out over the weekend, which didn’t happen, but the timing was just a tad off. Over the weekend, we saw articles from Iraqi military leaders saying Da’esh is finished and Mosul is completely liberated, with no more major elements to deal with. On Iraqi television, and reported to me separately, is that effective from four hours ago LIBERATION IS COMPLETE. That would be cake for us! The icing on that cake, it says that Abadi and Sadr have been meeting privately, plus the CBI governor and finance minister, all meeting together in a celebratory and triumphant mood. If it were just about liberating Mosul, why would the governor and finance minister be there? All four were together, signaling triumph... Very interesting indeed. Also, there is expectation that our president will be visiting Iraq in a week or so – put all that together, and... [post 1 of 2....stay tuned]
5-8-2017 Intel/Newshound Guru tman23 Quote: "On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float, and the difference between the big" INTERESTING STATEMENT! Liberalization (defined): the removal or loosening of restrictions on something... "AND NOT FLOAT...AND THE DIFFERENCE BETWEEN THE BIG!" So what is the BIG? The 3 zero notes being the BIG? I would not float the currency either IF the 3 zero notes were going to be of value that includes the "zeros"...A one cent increase if floated is 25,000 pennies or $250 on a 25k note...Now I read some say...I will hold onto the currency as it increases in value, yet the CBI governor is saying no float...so then how does it increase?
5-8-2017 Newshound/Intel Guru Mnt Goat Article: "Iraqi troops declare full liberation of Mesherfa region, western Mosul." That leaves only 2 regions left. Remember the article last week stating that three regions only remained to be liberated. Let’s see what the coming days will bring. Just in as I write this... "...joint operations officially announce that Counter-Terrorism units have stormed Wadi Akab industrial district in western Mosul." [See the latest Mosul Map below 5-7-2017 Dinar Guru update]
5-8-2017 Newshound Guru Aggiedad77 Article: "Achieving the objectives of monetary policy requirements until the year 2020" Quote: "...and install the Iraqi dinar exchange rate against the dollar are preparing to be necessary and appropriate, as the window of foreign currency held by the central positive role in maintaining an appropriate level of the exchange rate and install it..." Keep this thought in mind...if this is in print...it's already done...already implemented... IMO.
5-8-2017 Newshound/Intel Guru BGG Second half of the answer...Who - in Iraq ever said anything DIRECTLY about $3? ...all of the foundational documents we have uncovered and are using as our basis research seem to indicate something around $1...SIGR report...Iraq MOP studies...recent interviews with CBI Officials...I haven't verified $3 ONE TIME - NOT ONCE...in fact, it seems clear they intend to get to $1 - but how exactly they intend to do that - we are not sure of... NOR CAN WE BE. Relax and enjoy the show - YOU'VE GOT A TICKET TO RIDE! [post 3 of 3]
5-8-2017 Newshound/Intel Guru BGG ...the only reason they have to worry about what is outside of Iraq is they might have to redeem it in some way. Both the CBI has been sensitive to this issue for some time... and the IMF - UN - WB has had an eye on it as well...the Dinar that is INSIDE Iraq is still going to be worth a Dinar. Nothing changes on that front - they just get more for it. It's not costing the CBI a DIME!! ...a Dinar is still worth a Dinar - post RV. Iraqis are not going to be POURING INTO BANKS to exchange their Dinar for some other foreign currency... why would they? [post 2 of 3....stay tuned]
5-8-2017 Newshound/Intel Guru BGG ...a friend calls me this week...has a couple of questions for me to answer. How can Iraq, if they have 25 Trillion Dinar outstanding - ever RV at a $3 dollar rate and pay for it? Isn't that like 75 Trillion Dollars? First, we have NO IDEA what the real outstanding number is - OUTSIDE OF IRAQ. That is the key number...there is NO RELIABLE INFO on this... even the CBI's internal people can only estimate... and they don't think it is that much. Could be as low as 3 Trillion - maybe less now...So - the real lesson is not to base complex analysis on wide gaps in actual information. The 25 Trillion number is likely a flawed assumption... AND if they get "international support and acceptance" - that 3-6 Trillion could even get held in various Treasuries as "Foreign currency reserves" - JUST LIKE IRAQ CURRENCY DOES FOR OTHERS. [post 1 of 3....stay tuned]
5-7-2017 Newshound Guru Kaperoni Article: "Achieving the objectives of monetary policy requirements until the year 2020" Quote: "It is important to activate the monetary policy to support the private banking system and review the policies of lending and mechanisms of credit risk management in the granting of credit to small and medium investment and loans in productivity and investment sectors that achieve cash flow clear and revive the economic cycle will contribute to the economic development and diversification of the financial resources of the general budget." They are dead in the water without taking the next step with the dinar...so we wait.
5-7-2017 Intel Guru Frank26 [...might you tell us a riddle on intel that we people might have something to think and talk about...] What is WHITE that is soon to be GREEN? [That part of the published map of Mosul that still shows Daesh occupying a large part of the right (west) side.] Yes...Class over... [See latest Mosul Map below]
5-7-2017 *** Dinar Guru Update *** Latest Mosul Map:
5-7-2017 Intel Guru Frank26 [...might you tell us a riddle on intel that we people might have something to think and talk about...] What is WHITE that is soon to be GREEN? [That part of the published map of Mosul that still shows Daesh occupying a large part of the right (west) side.] Yes...Class over... [See latest Mosul Map below]
5-7-2017 *** Dinar Guru Update *** Latest Mosul Map:
5-6-2017 Intel Guru Bluwolf There is enormous work going on in the background to bring the release numbers we expect. They are expected in short order at which point you will become aware of rates.
5-6-2017 Intel Guru ADMINBILL THIS COMING WEEK LOOKS VERY, VERY PROMISING. STAND BY FOR THURSDAY. EXPECT GOOD THINGS. DINAR, DONG, ETC RATES APPEAR GOOD.
5-6-2017 Newshound Guru Phillyman Article: "Mosul to be fully liberated within few days: Military official" Quote: "Chief of Staff of the Iraqi army Gen. Osman al-Ghanemi said on Saturday Mosul will be declared completely ISIS-free within few days." Don't know why these guys keep throwing out predictions but here we go again
5-6-2017 Intel Guru ADMINBILL THIS COMING WEEK LOOKS VERY, VERY PROMISING. STAND BY FOR THURSDAY. EXPECT GOOD THINGS. DINAR, DONG, ETC RATES APPEAR GOOD.
5-6-2017 Newshound Guru Phillyman Article: "Mosul to be fully liberated within few days: Military official" Quote: "Chief of Staff of the Iraqi army Gen. Osman al-Ghanemi said on Saturday Mosul will be declared completely ISIS-free within few days." Don't know why these guys keep throwing out predictions but here we go again
5-5-2017 Newshound Guru Aggiedad77 [...you think Dr. S [Shabibi] would show up when Trump decides to go and congratulate A [Abadi]? It would be a great day to see the 3 of them make the announcement all together. Correct me if I'm wrong but if we don't get an announcement before Ramadan it will be more than likely after and would be a great gift to the country.] It's been said before that Dr. Shabibi is enjoying his retirement in Switzerland...don't look for him to come back...he knows his country is in good hands...with Abadi and Allak. As for Ramadan...who truly knows...I just know...I have a feeling...with money that has been moved...vast amounts of it...with changes in prices that we've witnessed...with the changes in salary payments that we've seen...something IMO needs to happen...and by all rights it should happen well before Ramadan.
5-5-2017 Intel Guru RayRen98 On Thursday, we got the information that the troops were given permission to advance, after two weeks delay. There is only 7% left to do, and whatever the reason for delay, they are going forward now, and I don’t think it will take much time to complete the 7% to complete what is left. The latest I have on that is that they are moving towards the center of Mosul, with praise on Iraqi television for what has been done; they are showing a map of how the areas they are liberating are changing colors. No report that the map is all one solid color, but how much longer can that take? I expect there to be complete liberation by Sunday, if everything goes according to plan. I also expect to hear about more significant price drops by Sunday, and we know what that will lead to. We might hear something before nightfall! I don’t anticipate any RV movement today or before Monday, but information by Sunday to let us know what to look forward next week.
5-5-2017 Newshound Guru MadDScout Article: "Minister-Iraq-Welcomes-Joint-Ventures-with-Iranian-Companies" Whether we like it or not Iran and Iraq have a business relationship...this can only be good for Iraq to be on good relations with it's neighbors and to work on those common ties. [Maybe the saying, Keep your enemies closer than your friends is in play here?] Could very well be part of the logic.
5-5-2017 Newshound Guru Enorrste Article: "Vice: oversees the United Nations five-year plan for economic development in Iraq" i agree with KAP [Guru Kaperoni...reference post 5-2-2017] that the IMF is what she is referring to. This confirms and ties into what we have known for some time, namely that the IMF is controlling the plans for change at this point. Furthermore, they are on record that they intend to "bring Iraq into the world market" sometime in the first half of this year. If they are on schedule then we should expect some significant changes within the next 60 days. Of course this is Iraq, and even with the control in the hands of he IMF, it is anyone's guess how long it will take to get to the float.
5-5-2017 Newshound Guru 1bobby Article: "Iraq Launches project to reform and modernize the State's financial management systems" [Does this, you think, include smart cards for the Iraqi population?] The smart cards are becoming a mainstay/reality in Iraq on a daily basis. I think we saw 10 more Ministries going to the smart card as far as salary/payroll. The more e dinar we see, the better off we are.
5-5-2017 Newshound Guru MadDScout Article: "Baghdad - Journal News The parliamentary finance committee confirmed that the World Bank's step in reforming the financial system in Iraq is an important step in supporting investment in the country." I am thinking this is their confirmation that they are taking the advice of World Bank and moving forward on reforms.
5-5-2017 Intel Guru RayRen98 On Thursday, we got the information that the troops were given permission to advance, after two weeks delay. There is only 7% left to do, and whatever the reason for delay, they are going forward now, and I don’t think it will take much time to complete the 7% to complete what is left. The latest I have on that is that they are moving towards the center of Mosul, with praise on Iraqi television for what has been done; they are showing a map of how the areas they are liberating are changing colors. No report that the map is all one solid color, but how much longer can that take? I expect there to be complete liberation by Sunday, if everything goes according to plan. I also expect to hear about more significant price drops by Sunday, and we know what that will lead to. We might hear something before nightfall! I don’t anticipate any RV movement today or before Monday, but information by Sunday to let us know what to look forward next week.
5-5-2017 Newshound Guru MadDScout Article: "Minister-Iraq-Welcomes-Joint-Ventures-with-Iranian-Companies" Whether we like it or not Iran and Iraq have a business relationship...this can only be good for Iraq to be on good relations with it's neighbors and to work on those common ties. [Maybe the saying, Keep your enemies closer than your friends is in play here?] Could very well be part of the logic.
5-5-2017 Newshound Guru Enorrste Article: "Vice: oversees the United Nations five-year plan for economic development in Iraq" i agree with KAP [Guru Kaperoni...reference post 5-2-2017] that the IMF is what she is referring to. This confirms and ties into what we have known for some time, namely that the IMF is controlling the plans for change at this point. Furthermore, they are on record that they intend to "bring Iraq into the world market" sometime in the first half of this year. If they are on schedule then we should expect some significant changes within the next 60 days. Of course this is Iraq, and even with the control in the hands of he IMF, it is anyone's guess how long it will take to get to the float.
5-5-2017 Newshound Guru 1bobby Article: "Iraq Launches project to reform and modernize the State's financial management systems" [Does this, you think, include smart cards for the Iraqi population?] The smart cards are becoming a mainstay/reality in Iraq on a daily basis. I think we saw 10 more Ministries going to the smart card as far as salary/payroll. The more e dinar we see, the better off we are.
5-5-2017 Newshound Guru MadDScout Article: "Baghdad - Journal News The parliamentary finance committee confirmed that the World Bank's step in reforming the financial system in Iraq is an important step in supporting investment in the country." I am thinking this is their confirmation that they are taking the advice of World Bank and moving forward on reforms.
5-4-2017 Newshound Guru Phillyman Article: "IRAQ, US IN TALKS TO KEEP AMERICAN TROOP PRESENCE AFTER IS" Liking all the news of forward movement after a slight lull. They are getting it done and also working on US military long term presence.
5-4-2017 Newshound Guru Kaperoni Article: "Parliamentary Finance: World Bank pursues tough policies with Iraq" Quote: "The World Bank's move to reform the financial system in Iraq is an important step in supporting the country's investment, the parliamentary finance committee said on Thursday." As I have stated over and over, the banking system is the key. You cannot have private investment if you cannot get your profits out of Iraq. So they are now being held to the fire to get it open to the world (ie electronic banking, reduced corruption, IMF compliance, Article VIII, etc) so investors will come and develop the private sector.
5-4-2017 Intel Guru RayRen98 After being held back for two weeks, Iraqi TV reports that troops are given permission to advance on the northern sector of the western Mosul area and head towards center of the last area to be liberated. This should be a short-lived situation.
5-4-2017 Newshound Guru Kaperoni Article: "Abadi: We need to strengthen the economy and the protection of the national industrial and agricultural product..." Quote: "...we want to increase Iraq 's exports of many materials and we want to give Iraqi concessions for industrialists who can to issue so that there is not only a departure from the currency but the currency intervention and a trade exchange between Iraq and states on one level this is important in activating the work..." ...Abadi is telling the public they are trying to "create the conditions" so investors and investment comes to Iraq. Only then can they move off the peg and let the world decide what the dinar is worth. These kinds of articles to me are very reassuring.
5-4-2017 Intel/Newshound Guru Frank26 ...Not until Abadi announced the FULL LIBERATION of Mosul will you see anything on the RV. We are looking further as Teams as to why Mosul is NOT yet liberated. Security / Stability for the citizens is key now… we logically feel that Mosul is almost liberated)…Give me Mosul … Give me the Grand Old Mosque … Free the citizens and you will see the MR very, very quickly…This final cleaning / mopping is to FREE the citizens – to reinstate the citizens back into their homes. The HCL REQUIRES THIS … along with the BUDGET!…The EAST SIDE of MOSUL is back … banks are open, schools are open, everything that is ready for an RV is ready … but that is not the case on the WEST SIDE…You’ll never know the details of the mopping phase – just know … that is why you need to give them 3 more weeks … that is … unless that has already been done…I believe we are close – this is more like us “picking them off” – and I don’t think it will be much longer at all. [Post 2 of 2]
5-4-2-17 Newshound/Intel Guru Frank 26 ...I said to you on Monday, they missed the April 28th target of when they were going to announce that Mosul was fully liberated…That was a big deal. As you know, April is a big deal for monetary reforms. They and we thought it was highly possible. Even [Guru] Delta believed so…IMO – this war is in it’s “clean-up” phase – it’s almost impossible to determine what is needed. This clean-up is in FULL-SWING mode -- which we believe started on Sunday. They thought they were liberated … they thought they were free. There is a FULL ASSAULT to kill off the remaining Daesh fighters. The news articles are SO FAR BEHIND to what is really happening. Is this about the Grand Old Mosque? IMO … not really … it’s about the hostages … and in areas that they thought were liberated. IMO – we have edited the Grand Old Mosque … and we have about liberated all of Mosul. Right now … they are cleaning-up... [Post 1 of 2 Stay tuned for the rest of the story]
5-4-2017 Newshound Guru Kaperoni Article: "Parliamentary Finance: World Bank pursues tough policies with Iraq" Quote: "The World Bank's move to reform the financial system in Iraq is an important step in supporting the country's investment, the parliamentary finance committee said on Thursday." As I have stated over and over, the banking system is the key. You cannot have private investment if you cannot get your profits out of Iraq. So they are now being held to the fire to get it open to the world (ie electronic banking, reduced corruption, IMF compliance, Article VIII, etc) so investors will come and develop the private sector.
5-4-2017 Intel Guru RayRen98 After being held back for two weeks, Iraqi TV reports that troops are given permission to advance on the northern sector of the western Mosul area and head towards center of the last area to be liberated. This should be a short-lived situation.
5-4-2017 Newshound Guru Kaperoni Article: "Abadi: We need to strengthen the economy and the protection of the national industrial and agricultural product..." Quote: "...we want to increase Iraq 's exports of many materials and we want to give Iraqi concessions for industrialists who can to issue so that there is not only a departure from the currency but the currency intervention and a trade exchange between Iraq and states on one level this is important in activating the work..." ...Abadi is telling the public they are trying to "create the conditions" so investors and investment comes to Iraq. Only then can they move off the peg and let the world decide what the dinar is worth. These kinds of articles to me are very reassuring.
5-4-2017 Intel/Newshound Guru Frank26 ...Not until Abadi announced the FULL LIBERATION of Mosul will you see anything on the RV. We are looking further as Teams as to why Mosul is NOT yet liberated. Security / Stability for the citizens is key now… we logically feel that Mosul is almost liberated)…Give me Mosul … Give me the Grand Old Mosque … Free the citizens and you will see the MR very, very quickly…This final cleaning / mopping is to FREE the citizens – to reinstate the citizens back into their homes. The HCL REQUIRES THIS … along with the BUDGET!…The EAST SIDE of MOSUL is back … banks are open, schools are open, everything that is ready for an RV is ready … but that is not the case on the WEST SIDE…You’ll never know the details of the mopping phase – just know … that is why you need to give them 3 more weeks … that is … unless that has already been done…I believe we are close – this is more like us “picking them off” – and I don’t think it will be much longer at all. [Post 2 of 2]
5-4-2-17 Newshound/Intel Guru Frank 26 ...I said to you on Monday, they missed the April 28th target of when they were going to announce that Mosul was fully liberated…That was a big deal. As you know, April is a big deal for monetary reforms. They and we thought it was highly possible. Even [Guru] Delta believed so…IMO – this war is in it’s “clean-up” phase – it’s almost impossible to determine what is needed. This clean-up is in FULL-SWING mode -- which we believe started on Sunday. They thought they were liberated … they thought they were free. There is a FULL ASSAULT to kill off the remaining Daesh fighters. The news articles are SO FAR BEHIND to what is really happening. Is this about the Grand Old Mosque? IMO … not really … it’s about the hostages … and in areas that they thought were liberated. IMO – we have edited the Grand Old Mosque … and we have about liberated all of Mosul. Right now … they are cleaning-up... [Post 1 of 2 Stay tuned for the rest of the story]
5-3-2017 Newshound Guru Enorrste In other words, he is specifically talking about increasing trade between Iraq and the rest of the world but says that this can't happen unless Iraq gives an incentive to industrialized countries to start the process. However, once that process begins then, he says, he would feel comfortable releasing the dinar to a floating currency. In short, this is a tremendous vote in our favor, since it is the boss himself who is calling for actions leading to a floating dinar. Let's just hope that he gets some "takers" to get the ball rolling... [post 2 of 2]
5-3-2017 Newshound Guru Enorrste Article: "Abadi: We need to strengthen the economy and the protection of the national industrial and agricultural product..." Quote: "we want to increase Iraq 's exports of many materials and we want to give Iraqi concessions for industrialists who can to issue so that there is not only a departure from the currency but the currency intervention and a trade exchange between Iraq and states on one level this is important in activating the work " This is the head of the Iraqi government discussing the means toward opening up the currency to the world. Specifically, he is calling for the increase of Iraqi exports and the granting of concessions to industrialists who want to invest in Iraq. Both of these factors will then allow the CBI to begin the float ("departure from the currency") and will lead to further commerce with the greater world market. [post 1 of 2....stay tuned]
5-3-2017 Intel Guru Frank26 ...as i opinionated...last week...The MR [Monetary Reform] Is Over"...As NOW soon enough Mosul will finally be Over too.
5-3-2017 Intel Guru RayRen98 Information-wise...people in the Iraq and the US are telling us on that on Iraqi television, they are saying that (on the bottom of the screen yesterday) that the full liberation of Mosul will be announced, that it is forthcoming. They did report there is still some fighting in western Mosul. We also have another piece that came in, saying that this is happening in the ‘coming hours’, which is different than in the ‘coming days’. However, we haven’t heard anything today. [What are the current rates that you have heard lately for the dinar, dong...? How excited are your sources for this happening by the end of this week?] Sources are excited as they were last week; we are still at the same high levels of expectancy – it should be here any second, and we are still anticipating. I haven’t heard any new rate changes: dinar = $3.40-3.70, although some banks have seen slightly higher rates, but those are the more consistent rates. The dong = 47 cents...
5-3-2017 Newshound Guru Adam Montana Regarding the dinar, no HCL right now and no bridges to a successful HCL have been burnt, so it's still a waiting game, although it's a lot more exciting to be waiting for something this life changing and this close! It's my opinion that the HCL is finally (FINALLY) just around the corner.
5-3-2017 Intel/Newshound Guru Backdoc I AGREE...THE GRAND OLE MOSQUE. IT WAS DONE LONG AGO! IT APPEARS TO BE TIMING WHICH WE WONT KNOW. I SUSPECT WE SHOULD SEE LOTS OF CONFUSION AND EVEN NEGATIVE INFO IF WE ARE REALLY THAT CLOSE... ONE MORE THING THAT I FELT WAS AN ACTION THAT MEANS THINGS WAS WHEN TRUMP IMMEDIATELY CAME OUT OF THE WOODS ON THE TAX ISSUE RIGHT AFTER THE SHIA BROTHERS MEETING WITH THE IMF AND WB. [post 3 of 3]
5-3-2017 Intel/Newshound Guru Backdoc MOSUL APPEARS TO BE A POLITICAL FOOTBALL OR A TIMING ISSUE. I BELIEVE THE SHIA BROTHERS GOT THEIR RATES AFTER THE D.C. MEETINGS WHICH VALIDATED THEIR RESERVES WHICH EXPLAINS THE MASSIVE MOVEMENT OF FUNDS MOVING INTO IRAQ ON THE 8 th OF APRIL. CONFIRMATION FOR ME THAT THEY BOTH GOT THEIR RATES ON THE 21st WAS A LETTER FROM THE IMF DEMANDING IRAQ COMPLETE THEIR MONETARY REFORM OR RV IN SHORT. [post 2 of 3....stay tuned]
5-3-2017 Intel/Newshound Guru Backdoc JUST AN INTERESTING NOTE TO PONDER. THE ONLY DAY MULTIPLE CURRENCIES CAN REALIGN ALL TOGETHER IS A SUNDAY. AS PAST PATTERNS HAVE SHOWN US MORE TIMES THAN I CAN REMEMBER, IMPORTANT WORK IS COMPLETED ON A 7th AND IMPORTANT BUSINESS IS LAUNCHED ON A 8th. INTERESTING THAT THIS SUNDAY IS THE ONLY SUNDAY THAT LANDS ON A 7 th THE REST OF THIS YEAR ALTHOUGH THERE ARE SOME OTHER 7th's THAT LAND ON A WEEKEND. [post 1 of 3....stay tuned]
5-3-2017 Intel Guru Bruce What is going on in Iraq? My understanding is a number of announcements, 5 or 6, were made in the Mosques a few days ago. We do know the banks are synchronizing the rates of the currencies in the first basket and a 2nd basket have been trading. Currencies we hold already for exchange have been trading upward. The rates have been going up. They continue to go up into an area we didn’t expect. I didn’t expect them to be this high, the range this high... WE are looking for this to come in way of our blessing very shortly... We hope that the release takes place before...Thursday night.
5-3-2017 Newshound Guru Enorrste Article: "Abadi: We need to strengthen the economy and the protection of the national industrial and agricultural product..." Quote: "we want to increase Iraq 's exports of many materials and we want to give Iraqi concessions for industrialists who can to issue so that there is not only a departure from the currency but the currency intervention and a trade exchange between Iraq and states on one level this is important in activating the work " This is the head of the Iraqi government discussing the means toward opening up the currency to the world. Specifically, he is calling for the increase of Iraqi exports and the granting of concessions to industrialists who want to invest in Iraq. Both of these factors will then allow the CBI to begin the float ("departure from the currency") and will lead to further commerce with the greater world market. [post 1 of 2....stay tuned]
5-3-2017 Intel Guru Frank26 ...as i opinionated...last week...The MR [Monetary Reform] Is Over"...As NOW soon enough Mosul will finally be Over too.
5-3-2017 Intel Guru RayRen98 Information-wise...people in the Iraq and the US are telling us on that on Iraqi television, they are saying that (on the bottom of the screen yesterday) that the full liberation of Mosul will be announced, that it is forthcoming. They did report there is still some fighting in western Mosul. We also have another piece that came in, saying that this is happening in the ‘coming hours’, which is different than in the ‘coming days’. However, we haven’t heard anything today. [What are the current rates that you have heard lately for the dinar, dong...? How excited are your sources for this happening by the end of this week?] Sources are excited as they were last week; we are still at the same high levels of expectancy – it should be here any second, and we are still anticipating. I haven’t heard any new rate changes: dinar = $3.40-3.70, although some banks have seen slightly higher rates, but those are the more consistent rates. The dong = 47 cents...
5-3-2017 Newshound Guru Adam Montana Regarding the dinar, no HCL right now and no bridges to a successful HCL have been burnt, so it's still a waiting game, although it's a lot more exciting to be waiting for something this life changing and this close! It's my opinion that the HCL is finally (FINALLY) just around the corner.
5-3-2017 Intel/Newshound Guru Backdoc I AGREE...THE GRAND OLE MOSQUE. IT WAS DONE LONG AGO! IT APPEARS TO BE TIMING WHICH WE WONT KNOW. I SUSPECT WE SHOULD SEE LOTS OF CONFUSION AND EVEN NEGATIVE INFO IF WE ARE REALLY THAT CLOSE... ONE MORE THING THAT I FELT WAS AN ACTION THAT MEANS THINGS WAS WHEN TRUMP IMMEDIATELY CAME OUT OF THE WOODS ON THE TAX ISSUE RIGHT AFTER THE SHIA BROTHERS MEETING WITH THE IMF AND WB. [post 3 of 3]
5-3-2017 Intel/Newshound Guru Backdoc MOSUL APPEARS TO BE A POLITICAL FOOTBALL OR A TIMING ISSUE. I BELIEVE THE SHIA BROTHERS GOT THEIR RATES AFTER THE D.C. MEETINGS WHICH VALIDATED THEIR RESERVES WHICH EXPLAINS THE MASSIVE MOVEMENT OF FUNDS MOVING INTO IRAQ ON THE 8 th OF APRIL. CONFIRMATION FOR ME THAT THEY BOTH GOT THEIR RATES ON THE 21st WAS A LETTER FROM THE IMF DEMANDING IRAQ COMPLETE THEIR MONETARY REFORM OR RV IN SHORT. [post 2 of 3....stay tuned]
5-3-2017 Intel/Newshound Guru Backdoc JUST AN INTERESTING NOTE TO PONDER. THE ONLY DAY MULTIPLE CURRENCIES CAN REALIGN ALL TOGETHER IS A SUNDAY. AS PAST PATTERNS HAVE SHOWN US MORE TIMES THAN I CAN REMEMBER, IMPORTANT WORK IS COMPLETED ON A 7th AND IMPORTANT BUSINESS IS LAUNCHED ON A 8th. INTERESTING THAT THIS SUNDAY IS THE ONLY SUNDAY THAT LANDS ON A 7 th THE REST OF THIS YEAR ALTHOUGH THERE ARE SOME OTHER 7th's THAT LAND ON A WEEKEND. [post 1 of 3....stay tuned]
5-3-2017 Intel Guru Bruce What is going on in Iraq? My understanding is a number of announcements, 5 or 6, were made in the Mosques a few days ago. We do know the banks are synchronizing the rates of the currencies in the first basket and a 2nd basket have been trading. Currencies we hold already for exchange have been trading upward. The rates have been going up. They continue to go up into an area we didn’t expect. I didn’t expect them to be this high, the range this high... WE are looking for this to come in way of our blessing very shortly... We hope that the release takes place before...Thursday night.
5-2-2017 Intel Guru RayRen98 Iraqi TV is showing a news flash ticker at the bottom of the screen strolling on all television programs with the message: "In the coming days, full liberation of Mosul will be announced." Fierce fighting is being reported in western Mosul. Iraqi TV is reportedly saying the end of Daesh is in the coming "hours." Time Will Tell All.
5-2-2017 Newshound Guru mike Parliament is the main hold up for progress in Iraq, they control the legislature and Iran controls them. How many laws are we still waiting for? How did ISIL get into Anbar Province and keep it for two years? I could go on but the lack of political will is the problem in Iraq and we can lay that at the folks who control most of the Iraqi politicians...Iran... I predict that even when ISIL is removed from Iraq the same old problems that have plagued them since Saddam was removed will remain and further stymie progress. I hope I'm wrong. Here's hoping the UN can get it done, it seems like a long shot without the legislation necessary to create the open market economy.
5-2-2017 Newshound Guru Kaperoni Article: "Vice: oversees the United Nations five-year plan for economic development in Iraq" Quote: "this time is different from its predecessors, because the United Nations oversees this plan and has allocated a large sum for her, that's why we think the success of this plan." UN means the IMF and World Bank. We should be excited.
5-2-2017 Newshound/Intel Guru Mnt Goat ...in recent weeks we were told by an Iraqi general that it would take another 3 weeks to “fully” liberated Mosul. I think this was perhaps on his response to Abadi’s request to have it done by April 30th? So today is May 2nd we get an announcement it could be only a few more days. All we can do is wait and listen to the rest of the news that comes out this week. This could be an interesting week.
5-2-2017 Newshound Guru Kaperoni Article: "Abadi: We prepare for the announcement of the great victory" Quote: "According to a statement to the Office of the Prime Media Minister, Abadi said, in his speech , a festival of national unity , which was held under the slogan ( the great victory on our way towards peace): «We are gearing up to announce a great victory, the biggest priority of peace..." Let's hope so.
5-2-2017 Intel Guru Frank26 The RV of the IQD is coming. Iraq also desires to have a currency of pride. You want an RV of the IQD. Abadi wants to free his people in Mosul / Iraq. The MR (Monetary Reform) is coming. So Abadi tells us...maybe 3 more weeks. Give me until the 20th of May. The troops are doing their very best. They've got to get the citizens out of the way. Daesh is running away...but they are still using the citizens. Mosul is a very large city...and they are clearing it. They need to FINISH and bring the people home...and then give them the power of purchase – which has already started. The MR continues to flow... One final word...IMO...in my STRONG opinion...the MR of Iraq will happen this year ...please be ready for it! [post 2 of 2]
5-2-2017 Intel Guru Frank26 On the 28th... basically the GOI was pointing their fingers at the CBI...telling them to open the windows to investors. Turns out...Abadi didn’t do it. GIVE ME MOSUL...GIVE ME THE GRAND OLD MOSQUE inside of MOSUL... and you will see the speed of the MR in a completely new light. Abadi said that he would give us Mosul by the end of April. Abadi failed...? No he didn’t. There is something INSIDE of the Grand Old Mosque that you must consider. Inside of Mosul...there are many civilians that are being held hostage by Daesh. THIS IS WAR ...THIS IS NOT A GAME...nor a place for anyone to rant and demand for an RV. [post 1 of 2....stay tuned]
5-2-2017 Newshound Guru mike Parliament is the main hold up for progress in Iraq, they control the legislature and Iran controls them. How many laws are we still waiting for? How did ISIL get into Anbar Province and keep it for two years? I could go on but the lack of political will is the problem in Iraq and we can lay that at the folks who control most of the Iraqi politicians...Iran... I predict that even when ISIL is removed from Iraq the same old problems that have plagued them since Saddam was removed will remain and further stymie progress. I hope I'm wrong. Here's hoping the UN can get it done, it seems like a long shot without the legislation necessary to create the open market economy.
5-2-2017 Newshound Guru Kaperoni Article: "Vice: oversees the United Nations five-year plan for economic development in Iraq" Quote: "this time is different from its predecessors, because the United Nations oversees this plan and has allocated a large sum for her, that's why we think the success of this plan." UN means the IMF and World Bank. We should be excited.
5-2-2017 Newshound/Intel Guru Mnt Goat ...in recent weeks we were told by an Iraqi general that it would take another 3 weeks to “fully” liberated Mosul. I think this was perhaps on his response to Abadi’s request to have it done by April 30th? So today is May 2nd we get an announcement it could be only a few more days. All we can do is wait and listen to the rest of the news that comes out this week. This could be an interesting week.
5-2-2017 Newshound Guru Kaperoni Article: "Abadi: We prepare for the announcement of the great victory" Quote: "According to a statement to the Office of the Prime Media Minister, Abadi said, in his speech , a festival of national unity , which was held under the slogan ( the great victory on our way towards peace): «We are gearing up to announce a great victory, the biggest priority of peace..." Let's hope so.
5-2-2017 Intel Guru Frank26 The RV of the IQD is coming. Iraq also desires to have a currency of pride. You want an RV of the IQD. Abadi wants to free his people in Mosul / Iraq. The MR (Monetary Reform) is coming. So Abadi tells us...maybe 3 more weeks. Give me until the 20th of May. The troops are doing their very best. They've got to get the citizens out of the way. Daesh is running away...but they are still using the citizens. Mosul is a very large city...and they are clearing it. They need to FINISH and bring the people home...and then give them the power of purchase – which has already started. The MR continues to flow... One final word...IMO...in my STRONG opinion...the MR of Iraq will happen this year ...please be ready for it! [post 2 of 2]
5-2-2017 Intel Guru Frank26 On the 28th... basically the GOI was pointing their fingers at the CBI...telling them to open the windows to investors. Turns out...Abadi didn’t do it. GIVE ME MOSUL...GIVE ME THE GRAND OLD MOSQUE inside of MOSUL... and you will see the speed of the MR in a completely new light. Abadi said that he would give us Mosul by the end of April. Abadi failed...? No he didn’t. There is something INSIDE of the Grand Old Mosque that you must consider. Inside of Mosul...there are many civilians that are being held hostage by Daesh. THIS IS WAR ...THIS IS NOT A GAME...nor a place for anyone to rant and demand for an RV. [post 1 of 2....stay tuned]
5-1-2017 Intel/Newshound Guru tman23 Now looking back in the past...Iraq was calling years ago to lift the 3 zeros at the start of the year... different institutions/people called to hold off until June...The start of 2017 was said by Iraq to lift the 3 zeros...Then DELAYED! So we know first of the year has always been an advertised starting date...and June has been a secondary date...
5-1-2017 Intel Guru Jester IT IS ALL DONE...FROM WHAT I AM TOLD IT IS ADJUSTMENTS TAKING PLACE...EVERYTHING IS SIGNED OFF AND READY TO ROLL...BUT THE BANKING SYSTEM HAS TO ADJUST...AND THAT IS WHAT WE ARE WATCHING ...THEY ARE NOT TELEGRAPHING THOSE MOVES...BUT YOU SEE THE RESULTS OF IT...SO JUST KEEP WATCHING THAT...
5-1-2017 Newshound/Intel Guru BGG I am getting a little weary of the people boo hooing everyday about "the can getting kicked down the road"... "are we there yet"... "I don't think this will ever happen..." "Mosul won't get done until June or July" ...THE CBI JUST TOLD YOU! and they didn't say July... Articles: "Abadi to declare Mosul ‘completely liberated’ next Saturday" "Iraqi commander vows to complete capture of Mosul in May" ...two very different perspectives. IN EITHER CASE - THEY'VE ALREADY TOLD US! ...other notable things missing...not a whisper about article 140...No mention of HCL (one would think - if that were of concern to the CBI they would have mentioned it)...nothing on laws being passed beforehand...nor did they say anything about UN CH 7 sanctions or "Charter"...because they likely know that won't come off for a while...The VERY PLACE WE ARE - IS THE NEWS. ...my take...It's not a bad place. ALL GOOD!
5-1-2017 Newshound Guru Phillyman All those predictions of a quick defeat of ISIS came to my mind as I typed May in the subject line. The latest statement from their military of no more then 3 weeks to clear Mosul seems like a real possibility this month. Praying it is so.
5-1-2017 Intel Guru Frank26 ...MR (Monetary Reform) is and was in the control of the IMF (USA)...And IMO it is complete. But the part to Release it...Is in the hands of A. (Abadi). Those are two completely different levels. So IMO...A [Abadi] could careless about Your need for an RV...BUT CARES for his people and WHAT THEY need. IMO...GIVE me Mosul and the OGM (Old Grand mosque)...When A has CONFIDENCE enough to finish it and THEN...Well You know the rest.
5-1-2017 Newshound/Intel Guru BGG
3) "...where it should be followed by changing the paragraphs contained in the various laws..." MEANING - ONCE THE VALUE CHANGES THEY HAVE TO GET A FEW THINGS CHANGED TO SUIT THE VALUE.
THEY JUST TOLD YOU THE ORDER OF THINGS.
4) "...must also change the financial and statistical records in order to conform with the project process the deletion of zeros..." This bit ALSO INFERS A VALUE CHANGE AS THE PRECURSOR TO REMOVING THE NOTES AND THE REST OF THE PROJECT...here's another ZINGER...
5) "...On the other hand, the technical preparations are (already) underway by us..." - WHAAAAAAATTTT?? THEY ARE ALREADY GETTING THE TECHNICAL STUFF UNDERWAY. THEY MUST THINK WE ARE CLOSE? This is the ACTUAL CBI talking. [post 2 of 2]
5-1-2017 Newshound/Intel Guru BGG "Would BGG please give us the true meaning of the deletion of the zeroes project"?] The "Delete the Zeros" project - (we believe) is part of the currency reform project in Iraq. Most notably the process of raising the value of the Dinar and then removing the larger "3 zero" notes from the market...they don't want people sitting on those big notes - they want them out, where they can easily retract them from the marketplace.
What about the subject of the deletion of zeros and the reason for the delay?
1) Security - control of the state (ie; Mosul)... CERTAINLY PREVENTS THE IMPLEMENTATION OF THE PROJECT.
2) When it is DONE - it must be "...done in coordination with all state departments and the private sector..." Here's the DOOZY folks... [post 1 of 2....stay tuned]
5-1-2017 Intel Guru Frank26 "Exclusive News - News reporter now: # fighters Daesh withdrew from Al-Nouri mosque following the progress of the Iraqi forces" Anyone still thinking there's a delay? No, there isn't, there is a plan. BRAVO!
5-1-2017 Intel/Newshound Guru Backdoc WELL I'VE SAID FOR THE LAST 4 YEARS THAT THE DONG WILL BE THE SURPRISE BUT DUE TO MY PERSONAL SITUATION I CAN'T COMMENT PUBLICLY OTHER THAN TO SAY IT WILL BE VERY VERY GOOD. BE PATIENT WITH ITS APPRECIATION JUST LIKE THE DINAR. OF COURSE JUST MY OPINION.
5-1-2017 Intel Guru Jester IT IS ALL DONE...FROM WHAT I AM TOLD IT IS ADJUSTMENTS TAKING PLACE...EVERYTHING IS SIGNED OFF AND READY TO ROLL...BUT THE BANKING SYSTEM HAS TO ADJUST...AND THAT IS WHAT WE ARE WATCHING ...THEY ARE NOT TELEGRAPHING THOSE MOVES...BUT YOU SEE THE RESULTS OF IT...SO JUST KEEP WATCHING THAT...
5-1-2017 Newshound/Intel Guru BGG I am getting a little weary of the people boo hooing everyday about "the can getting kicked down the road"... "are we there yet"... "I don't think this will ever happen..." "Mosul won't get done until June or July" ...THE CBI JUST TOLD YOU! and they didn't say July... Articles: "Abadi to declare Mosul ‘completely liberated’ next Saturday" "Iraqi commander vows to complete capture of Mosul in May" ...two very different perspectives. IN EITHER CASE - THEY'VE ALREADY TOLD US! ...other notable things missing...not a whisper about article 140...No mention of HCL (one would think - if that were of concern to the CBI they would have mentioned it)...nothing on laws being passed beforehand...nor did they say anything about UN CH 7 sanctions or "Charter"...because they likely know that won't come off for a while...The VERY PLACE WE ARE - IS THE NEWS. ...my take...It's not a bad place. ALL GOOD!
5-1-2017 Newshound Guru Phillyman All those predictions of a quick defeat of ISIS came to my mind as I typed May in the subject line. The latest statement from their military of no more then 3 weeks to clear Mosul seems like a real possibility this month. Praying it is so.
5-1-2017 Intel Guru Frank26 ...MR (Monetary Reform) is and was in the control of the IMF (USA)...And IMO it is complete. But the part to Release it...Is in the hands of A. (Abadi). Those are two completely different levels. So IMO...A [Abadi] could careless about Your need for an RV...BUT CARES for his people and WHAT THEY need. IMO...GIVE me Mosul and the OGM (Old Grand mosque)...When A has CONFIDENCE enough to finish it and THEN...Well You know the rest.
5-1-2017 Newshound/Intel Guru BGG
3) "...where it should be followed by changing the paragraphs contained in the various laws..." MEANING - ONCE THE VALUE CHANGES THEY HAVE TO GET A FEW THINGS CHANGED TO SUIT THE VALUE.
THEY JUST TOLD YOU THE ORDER OF THINGS.
4) "...must also change the financial and statistical records in order to conform with the project process the deletion of zeros..." This bit ALSO INFERS A VALUE CHANGE AS THE PRECURSOR TO REMOVING THE NOTES AND THE REST OF THE PROJECT...here's another ZINGER...
5) "...On the other hand, the technical preparations are (already) underway by us..." - WHAAAAAAATTTT?? THEY ARE ALREADY GETTING THE TECHNICAL STUFF UNDERWAY. THEY MUST THINK WE ARE CLOSE? This is the ACTUAL CBI talking. [post 2 of 2]
5-1-2017 Newshound/Intel Guru BGG "Would BGG please give us the true meaning of the deletion of the zeroes project"?] The "Delete the Zeros" project - (we believe) is part of the currency reform project in Iraq. Most notably the process of raising the value of the Dinar and then removing the larger "3 zero" notes from the market...they don't want people sitting on those big notes - they want them out, where they can easily retract them from the marketplace.
What about the subject of the deletion of zeros and the reason for the delay?
1) Security - control of the state (ie; Mosul)... CERTAINLY PREVENTS THE IMPLEMENTATION OF THE PROJECT.
2) When it is DONE - it must be "...done in coordination with all state departments and the private sector..." Here's the DOOZY folks... [post 1 of 2....stay tuned]
5-1-2017 Intel Guru Frank26 "Exclusive News - News reporter now: # fighters Daesh withdrew from Al-Nouri mosque following the progress of the Iraqi forces" Anyone still thinking there's a delay? No, there isn't, there is a plan. BRAVO!
5-1-2017 Intel/Newshound Guru Backdoc WELL I'VE SAID FOR THE LAST 4 YEARS THAT THE DONG WILL BE THE SURPRISE BUT DUE TO MY PERSONAL SITUATION I CAN'T COMMENT PUBLICLY OTHER THAN TO SAY IT WILL BE VERY VERY GOOD. BE PATIENT WITH ITS APPRECIATION JUST LIKE THE DINAR. OF COURSE JUST MY OPINION.
4-30-2017 Intel Guru Delta [...what is your opinion on E-tender/(Dinar) being launched on May 1... is it a go?] UNDP WANTS IRAQ TO START ON MAY 1ST AS THE ARTICLE SAID LAST TIME. IMO NOT... I BELIEVE MAY 1ST IS A HOLIDAY IN IRAQ, ALSO NOTHING WILL GET DONE UNTIL ABADI OFFICIALLY ANNOUNCE MOSUL.
4-30-2017 Intel/Newshound Guru tman23 My opinion on Mosul...and the delay! Mosul is the lynch pin per se'... Post Mosul the GOI will HAVE TO PERFORM FOR IT'S CITIZENS AND BEGIN PROVIDING MORE THAN PROMISES... Post Mosul is so important! There needs to be massive coordination with fast response to rebuild and provide...otherwise a civil war is said to be very very likely...NOT A POSSIBILITY > BUT LIKELY! ... What we are seeing is "the planning" for Post Mosul... ALL THE MILITARY NEEDS IS THE WORD TO GO! IMO...THE SLOW ROLL IS THE GOI AND NATIONAL COALITION ARE ARRANGING DUCKS...
4-30-2017 Newshound/Intel Guru BGG Article: "Iraqi commander vows to complete capture of Mosul in May." very interesting...Sounds like these guys (the Iraqis) are being held accountable for their progress... about time. [I am wondering if the re-taking of Mosul is not a symbolic benchmark for re-entering the international markets.] Could easily be...
4-30-2017 Newshound Guru mike Article: "Defense Minister: 35% remain in Mosul and full liberation is a matter of time" If they can get ISIL out of Mosul in three weeks it would be awesome, I'm thinking it may take a bit more time but to have them 100% removed by June would still be great.
4-30-2017 Intel/Newshound Guru Backdoc AS I RECALL, ONE ARTICLE MENTIONED THAT MOSUL WOULD BE ANNOUNCED ON OR BEFORE THE 30 th. EVEN THOUGH WE SAW ARTICLES ABOUT THE SAT. POSSIBILITY, I THINK ...THAT TODAY'S ARTICLE IS SIMPLY A POWERFUL TEASE FOR WHAT'S COMING. I WOULDN'T BE SURPRISED TO SEE A RATE CHANGE JUST IN TIME BEFORE FRIDAY THE 5th. OF COURSE THAT GIVES THEM A TUES. WED. THURS. WINDOW. MANY OF US REMEMBER OVER TWO YEARS AGO THE U.S. TREASURY DEPT. CHANGED THEIR INTERNAL RULES SO THAT THEY COULD PAY BILLS WITH FOREIGN CURRENCIES. NOW WOULDN'T THAT BE MORE THAN CONVENIENT FOR A TIME LIKE THIS? IMO.
4-30-2017 Intel/Newshound Guru tman23 My opinion on Mosul...and the delay! Mosul is the lynch pin per se'... Post Mosul the GOI will HAVE TO PERFORM FOR IT'S CITIZENS AND BEGIN PROVIDING MORE THAN PROMISES... Post Mosul is so important! There needs to be massive coordination with fast response to rebuild and provide...otherwise a civil war is said to be very very likely...NOT A POSSIBILITY > BUT LIKELY! ... What we are seeing is "the planning" for Post Mosul... ALL THE MILITARY NEEDS IS THE WORD TO GO! IMO...THE SLOW ROLL IS THE GOI AND NATIONAL COALITION ARE ARRANGING DUCKS...
4-30-2017 Newshound/Intel Guru BGG Article: "Iraqi commander vows to complete capture of Mosul in May." very interesting...Sounds like these guys (the Iraqis) are being held accountable for their progress... about time. [I am wondering if the re-taking of Mosul is not a symbolic benchmark for re-entering the international markets.] Could easily be...
4-30-2017 Newshound Guru mike Article: "Defense Minister: 35% remain in Mosul and full liberation is a matter of time" If they can get ISIL out of Mosul in three weeks it would be awesome, I'm thinking it may take a bit more time but to have them 100% removed by June would still be great.
4-30-2017 Intel/Newshound Guru Backdoc AS I RECALL, ONE ARTICLE MENTIONED THAT MOSUL WOULD BE ANNOUNCED ON OR BEFORE THE 30 th. EVEN THOUGH WE SAW ARTICLES ABOUT THE SAT. POSSIBILITY, I THINK ...THAT TODAY'S ARTICLE IS SIMPLY A POWERFUL TEASE FOR WHAT'S COMING. I WOULDN'T BE SURPRISED TO SEE A RATE CHANGE JUST IN TIME BEFORE FRIDAY THE 5th. OF COURSE THAT GIVES THEM A TUES. WED. THURS. WINDOW. MANY OF US REMEMBER OVER TWO YEARS AGO THE U.S. TREASURY DEPT. CHANGED THEIR INTERNAL RULES SO THAT THEY COULD PAY BILLS WITH FOREIGN CURRENCIES. NOW WOULDN'T THAT BE MORE THAN CONVENIENT FOR A TIME LIKE THIS? IMO.
4-29-2017 Intel Guru Frank26 Article: "Planning Minister emphasizes the need to prepare a new development plan for the post "Daesh" So does the CBI with the Lifting of The Three Zero's ...POST DAESH ...
4-29-2017 Newshound Guru Aggiedad77 Frank [Guru Frank26] said...I believe that we are seeing evidence of the 1000 to 1 already working further meaning seeing 850 to 1 and even 750 to 1...if I'm understanding where this is headed, and it appears to be moving at the speed of light to get "there'...in-country it will soon be to a point of 1 to 1...From there externally we on the outside will be watching with eagerness for demand to cause it to rise...this is all well orchestrated inside the country at this point... It appears to be an effort in motion...fast motion...and a motion, like a lava flow that can now but unstoppable...all IMO.
4-29-2017 Intel Guru Delta Article: "Office of Prevention stresses the need for activating the single window system in announcing public contracts" MOVEMENT OF FREEDOM OF CAPITAL...ALSO AS UNDP ( United Nations Development Programme) SAID LAST WEEK E TENDER WILL BE ACTIVATED ON MAY 1ST.
4-29-2017 Newshound/Intel Guru Mnt Goat Article: "Saturday .. Abadi will announce the liberation of Mosul completely" Okay so finally comes the announcement I asked you all to wait for. This will be the “official” one. But is this article telling us again this is their TARGET or that they fully intend to make this announcement tomorrow [Saturday]? Personally I do not believe Mosul will be completely liberated by tomorrow and so I would not hold my breath. We are looking more at mid May or even end of May.
4-29-2017 Intel Guru Dr. Clarke "LOOK UP. LOOK OUT. LOOK ALL AROUND" ...STAY in your "PRESENT MOMENT" with the Awareness of Assurance, Knowing, Focus and Love, as much as possible, hour by hour. Confusion is at an ALL-TIME HIGH & will continue to escalate...which, is the Best Sign ever...for those who choose to "SEE". "ANYTHING can Happen, At ANY TIME"...Now on Super Steroids.
4-29-2017 Newshound Guru Aggiedad77 Frank [Guru Frank26] said...I believe that we are seeing evidence of the 1000 to 1 already working further meaning seeing 850 to 1 and even 750 to 1...if I'm understanding where this is headed, and it appears to be moving at the speed of light to get "there'...in-country it will soon be to a point of 1 to 1...From there externally we on the outside will be watching with eagerness for demand to cause it to rise...this is all well orchestrated inside the country at this point... It appears to be an effort in motion...fast motion...and a motion, like a lava flow that can now but unstoppable...all IMO.
4-29-2017 Intel Guru Delta Article: "Office of Prevention stresses the need for activating the single window system in announcing public contracts" MOVEMENT OF FREEDOM OF CAPITAL...ALSO AS UNDP ( United Nations Development Programme) SAID LAST WEEK E TENDER WILL BE ACTIVATED ON MAY 1ST.
4-29-2017 Newshound/Intel Guru Mnt Goat Article: "Saturday .. Abadi will announce the liberation of Mosul completely" Okay so finally comes the announcement I asked you all to wait for. This will be the “official” one. But is this article telling us again this is their TARGET or that they fully intend to make this announcement tomorrow [Saturday]? Personally I do not believe Mosul will be completely liberated by tomorrow and so I would not hold my breath. We are looking more at mid May or even end of May.
4-29-2017 Intel Guru Dr. Clarke "LOOK UP. LOOK OUT. LOOK ALL AROUND" ...STAY in your "PRESENT MOMENT" with the Awareness of Assurance, Knowing, Focus and Love, as much as possible, hour by hour. Confusion is at an ALL-TIME HIGH & will continue to escalate...which, is the Best Sign ever...for those who choose to "SEE". "ANYTHING can Happen, At ANY TIME"...Now on Super Steroids.
4-28-2017 Intel/Newshound Guru Backdoc I BELIEVE BOTH SHIA BROTHERS (Iraq and Iran) WERE GIVEN A RATE ON THE 21 st, ONE MONTH AFTER IRAN SAID IT WOULD GO TO A SINGLE PAYMENT SYSTEM. ONCE THE IMF AND WORLD BANK VALIDATED THEIR RESERVES I BELIEVE THEY WERE GIVEN THEIR STARTING RATES. POSSIBLY ONE WEEK LATER ON THE 28 th SOMETHING MAY HAPPEN. WELL MAYBE JUST MAYBE IF IT DOES ROLL TONIGHT WE MIGHT BE SEEING SOMETHING BY MAY 2nd...REGARDLESS WE ARE SO CLOSE WE CAN SMELL IT.
4-28-2017 Intel Guru RayRen98 We’ll see if this is gong to be our last Fantabulous Friday looking for the public release of the RV. Expectations are at an all-time high. In Iraq, you’ve already seen the articles, and also on television it says Abadi should be making an announcement about the full liberation of Mosul, with reconciliation and economic reforms. That adds to expectation that we will be at the banks on Monday, both here and in Iraq. It has been reported to me that the rate in-country is 90 cents, give or take. Expectation says information should flow this weekend. Iraq put it out in articles and on their television, that there will be full announcements and release.
4-28-2017 Newshound Guru Phillyman Article: "Kuwait signs $100m Grant for Iraqi Reconstruction" Quote: "Kuwait has approved a $100 million grant for Iraq to support humanitarian and reconstruction projects in areas retaken from IS, according to a statement from Iraq’s Reconstruction Fund chief Mustafa Al-Hiti." Loving the money pouring into Iraq post liberation.
4-28-2017 Newshound/Intel Guru Mnt Goat Article: "A call for the adoption of a uniform pricing policy" ...something is going on with the pricing of goods and services, ever so quitely. I do not know the extent of it but I can assume it is something to do with the future rate change – price of goods and services go down as the value of the currency goes up. I have NO solid proof that prices are dropping due to this effort. This article is for a reason and I will let this article speak for itself.
4-28-2017 Newshound Guru Mailman17 AS FAR AS PRICE DROPPING AND PRICES BEING ADJUSTED, THATS IMPOSSIBLE WITHOUT THE LOWER DENOMS BEING OUT AND ACTUALLY BEING USED. I DO NOT SEE THAT. ADJUSTMENT ON THE CARDS IS SOMETHING I ALSO DO NOT SEE. THAT BEING SAID, I DO HOWEVER HAVE HOPE THAT THIS IS THE PRECURSOR TO MAY 1 IN THAT THEY WILL BE FULLY INTERNATIONAL, AND THAT THE PRICE DROPS ECT...ARE PEGGED FOR THAT DAY SEEING AS THE COUNTRY SUPPOSEDLY IS GOING ELECTRONIC ACROSS THE BOARD. PRICES IN THE MARKETPLACE CANNOT DROP UNLESS THE RATE DROPS ALONGSIDE THE ISSUE OF THE SMALL DENOMS AND FILS AND THAT HASNT HAPPENED ...YET. LETS LOOK FOR A MOSUL DECREE OF LIBERATION AND THEN WE CAN START THE STOPWATCH...THEY ARE GETTING GEARED UP BUT NOT YET OUT IN THE OPEN...JMO.
4-28-2017 Intel/Newshound Guru tman23 ...Thursday...Confirmed...Cargo planes are now allowed to land in Kurdistan Region’s airports and deliver shipments...Means security is under control... Baghdad and Kurdistan cooperating...We seen Banking follow the CBI exchange...and now cargo direct...
4-28-2017 Intel Guru Bruce They have electricity on all over the country. It means they can have ATMS powered up, and banks online. They have a whole new financial system. It has been completely redone. That financial system probably be announced also. Also new members in the world trade organization. There is quite a bit happening around the sovereignty and redenomination of Iraq and liberation of Mosul. That pre-taped audio and video announcement they made Tuesday will be aired on Saturday in the Mosque in the morning. That is positive for us. We have been looking for something like that for awhile. It will put them back as an international player. We know the rates we talked about before, and their rates continue to go up. This dinar is going to be an amazing currency by about May 5. I am excited. We are right where we need to be. I have every reason to believe it will be between now and the weekend. Intel is telling us we are right here. [post 2 of 2]
4-28-2017 Intel Guru Bruce Tuesday we told you we were in a place for this to go at any moment. I have to tell you that tonight is even more so that way. The information I have gotten today is pointing to the immediateness of it. Iraq had to take back Mosul, but has not really announced it openly. Tuesday Prime Minister Abadi did an audio and video recording of an announcement that should be aired on Saturday. We expect an announcement made about Iraq. This would include the liberation of Mosul, the sovereignty aspect of Iraq, and include the language like redenomination of their currency. We know the terms revaluation, reinstatement, and the terms RV and RI we have used years and years. The term redenomination is going to be utilized because it means there are lower denominations that are in play and are out. Those should be at the bank and the ATMS and ready to go if they are not already out. We thought that would be the final step for Iraq when they had the lower denominations without the 3 zeros on them, we thought it is GO time and expect an announcement with that affect. [post 1 of 2....stay tuned]
4-28-2017 Intel Guru RayRen98 We’ll see if this is gong to be our last Fantabulous Friday looking for the public release of the RV. Expectations are at an all-time high. In Iraq, you’ve already seen the articles, and also on television it says Abadi should be making an announcement about the full liberation of Mosul, with reconciliation and economic reforms. That adds to expectation that we will be at the banks on Monday, both here and in Iraq. It has been reported to me that the rate in-country is 90 cents, give or take. Expectation says information should flow this weekend. Iraq put it out in articles and on their television, that there will be full announcements and release.
4-28-2017 Newshound Guru Phillyman Article: "Kuwait signs $100m Grant for Iraqi Reconstruction" Quote: "Kuwait has approved a $100 million grant for Iraq to support humanitarian and reconstruction projects in areas retaken from IS, according to a statement from Iraq’s Reconstruction Fund chief Mustafa Al-Hiti." Loving the money pouring into Iraq post liberation.
4-28-2017 Newshound/Intel Guru Mnt Goat Article: "A call for the adoption of a uniform pricing policy" ...something is going on with the pricing of goods and services, ever so quitely. I do not know the extent of it but I can assume it is something to do with the future rate change – price of goods and services go down as the value of the currency goes up. I have NO solid proof that prices are dropping due to this effort. This article is for a reason and I will let this article speak for itself.
4-28-2017 Newshound Guru Mailman17 AS FAR AS PRICE DROPPING AND PRICES BEING ADJUSTED, THATS IMPOSSIBLE WITHOUT THE LOWER DENOMS BEING OUT AND ACTUALLY BEING USED. I DO NOT SEE THAT. ADJUSTMENT ON THE CARDS IS SOMETHING I ALSO DO NOT SEE. THAT BEING SAID, I DO HOWEVER HAVE HOPE THAT THIS IS THE PRECURSOR TO MAY 1 IN THAT THEY WILL BE FULLY INTERNATIONAL, AND THAT THE PRICE DROPS ECT...ARE PEGGED FOR THAT DAY SEEING AS THE COUNTRY SUPPOSEDLY IS GOING ELECTRONIC ACROSS THE BOARD. PRICES IN THE MARKETPLACE CANNOT DROP UNLESS THE RATE DROPS ALONGSIDE THE ISSUE OF THE SMALL DENOMS AND FILS AND THAT HASNT HAPPENED ...YET. LETS LOOK FOR A MOSUL DECREE OF LIBERATION AND THEN WE CAN START THE STOPWATCH...THEY ARE GETTING GEARED UP BUT NOT YET OUT IN THE OPEN...JMO.
4-28-2017 Intel/Newshound Guru tman23 ...Thursday...Confirmed...Cargo planes are now allowed to land in Kurdistan Region’s airports and deliver shipments...Means security is under control... Baghdad and Kurdistan cooperating...We seen Banking follow the CBI exchange...and now cargo direct...
4-28-2017 Intel Guru Bruce They have electricity on all over the country. It means they can have ATMS powered up, and banks online. They have a whole new financial system. It has been completely redone. That financial system probably be announced also. Also new members in the world trade organization. There is quite a bit happening around the sovereignty and redenomination of Iraq and liberation of Mosul. That pre-taped audio and video announcement they made Tuesday will be aired on Saturday in the Mosque in the morning. That is positive for us. We have been looking for something like that for awhile. It will put them back as an international player. We know the rates we talked about before, and their rates continue to go up. This dinar is going to be an amazing currency by about May 5. I am excited. We are right where we need to be. I have every reason to believe it will be between now and the weekend. Intel is telling us we are right here. [post 2 of 2]
4-28-2017 Intel Guru Bruce Tuesday we told you we were in a place for this to go at any moment. I have to tell you that tonight is even more so that way. The information I have gotten today is pointing to the immediateness of it. Iraq had to take back Mosul, but has not really announced it openly. Tuesday Prime Minister Abadi did an audio and video recording of an announcement that should be aired on Saturday. We expect an announcement made about Iraq. This would include the liberation of Mosul, the sovereignty aspect of Iraq, and include the language like redenomination of their currency. We know the terms revaluation, reinstatement, and the terms RV and RI we have used years and years. The term redenomination is going to be utilized because it means there are lower denominations that are in play and are out. Those should be at the bank and the ATMS and ready to go if they are not already out. We thought that would be the final step for Iraq when they had the lower denominations without the 3 zeros on them, we thought it is GO time and expect an announcement with that affect. [post 1 of 2....stay tuned]
4-27-2017 Intel Guru Frank26 today the article came out...“the public works of Iraq are now going to provide 24 hour electricity...and offer it at a reasonable price.” ...at a reasonable price? Right now, it’s outrageous. They are now starting to tell the citizens... you will have electricity 24/7. There is one more thing that is VERY powerful about this 24/7 electricity. In order for the RV to occur...you need electricity 24 hours a day to run their banks. 24/7...at reasonable prices? I have a feeling that the ATM machines are about to be lit-up! Don’t you? The progress of the process is in FULL-SWING! These are monstrous INSIDE of Iraq! The rate is dropping in Iraq. Inflation is super low. This is no longer a COMPETITION ...this is the monetary reform in process. This rate is dropping FAST...even WITHOUT Mosul. The IMF DEMANDS that the reforms happen now! They’re DOING IT! [post 2 of 2]
4-27-2017 Intel Guru Frank26 The IMF recently said...they are optimistic to go beyond Iraq’s financial crisis. They are DEMANDING the reforms. Do you remember on Monday, they came out and showed you 1,000 to 1... When that article came out...rapid fire articles came out...airline prices, cell phone rates, bread prices...all dropped....a NEW PAY SCALE came about … 1,000 to 1. Yesterday, my Teams and I celebrated privately...Because we saw another example of the IQD exchange rate going down INSIDE of IRAQ ONLY. Did you see the cell phone prices go down outside of Iraq? How about airline tickets? What about bread? No. INSIDE OF IRAQ...we told you..this was the time period where the citizens would no longer be paid with USD...but only IQD’s. Is the IMF happy with that? Of course. [post 1 of 2....stay tuned]
4-27-2017 Intel Guru RayRen98 Initially, PM Abadi allegedly said he would announce Mosul at Arab summit on March 30, which didn't happen. He then moved it out two weeks, which accordingly didn't happen. Then April 30 was the selected date according to articles and etc. Now, on Iraqi TV May 5-6 is being projected. Time will tell. The price of goods and services are still dropping daily.
4-27-2017 Newshound Guru Aggiedad77 Article: "A Kuwaiti grant to Iraq to support the survey areas affected by terrorism file" ...if Iraq owed Kuwait money in the neighborhood of $5 billion USD still...why on this earth would Kuwait be willing to offer them a grant to the tune of $100 million USD...They must "know" of something big to come...and they speak here to future cooperative efforts as well...the ties that bind are growing tighter it would seem.
4-27-2017 Intel Guru Delta URGENT FROM IRAQI TV: "Haider al-Abadi will announce the liberation of Mosul completely...Saturday"
4-27-2017 Newshound Guru Kaperoni Article: "Baghdad embraces a global financial conference next month" Quote: "Iraq is in dire need to reduce the gap between the Iraqi and international banks, and after the association adopted a training program periodically targeting workers in banks , public and private sectors , and managed to create efficiencies able to advanced systems management, pointing that banking technology conference complements these efforts." That's 3-4 banking conferences from April to May.
4-27-2017 Newshound Guru Adam Montana No HCL. That doesn't change the most important part of this whole thing! The most ridiculous thing about Iraq is that they have the ability to RV, and...and when they do, %$@* is going to hit the fan. You know who will benefit the most, right? I don't need to say it. The smart people are already there.
4-27-2017 Intel Guru Frank26 ...there will be no faking when the announcement is made about Mosul...and this is a very big step right now...they are following all of the steps to the Monetary Reform...and many things are falling into place... The timing to me is impeccable...but be fair...their timing is movable...be patient...you looking for a date...be patient...you don’t go international with a program rate... [post 3 of 3]
4-27-2017 Intel Guru Frank26 The IMF and the World Bank meetings in Washington, DC were for the development of the Foreign Reserves of Iraq...and that is more important than anything you can imagine...because it will complete the budget...it is IMO the very last part of the budget...to build the foundation of the Foreign Reserves of the 2017 budget...and it was a commitment by many contractors....or should I say...many countries that have contracts with Iraq...stability in the market for these Foreign Reserves...these currencies are volatile and they were looking for a place to settle...and hence...IMO...that is why we haven’t seen the budget...but I believe it is ready...it is fueled...it is on the launching pad. The Financial Reform IMO is the most important part of the budget... [post 2 of 3....stay tuned]
4-27-2017 Intel Guru Frank26 The IMF recently said...they are optimistic to go beyond Iraq’s financial crisis. They are DEMANDING the reforms. Do you remember on Monday, they came out and showed you 1,000 to 1... When that article came out...rapid fire articles came out...airline prices, cell phone rates, bread prices...all dropped....a NEW PAY SCALE came about … 1,000 to 1. Yesterday, my Teams and I celebrated privately...Because we saw another example of the IQD exchange rate going down INSIDE of IRAQ ONLY. Did you see the cell phone prices go down outside of Iraq? How about airline tickets? What about bread? No. INSIDE OF IRAQ...we told you..this was the time period where the citizens would no longer be paid with USD...but only IQD’s. Is the IMF happy with that? Of course. [post 1 of 2....stay tuned]
4-27-2017 Intel Guru RayRen98 Initially, PM Abadi allegedly said he would announce Mosul at Arab summit on March 30, which didn't happen. He then moved it out two weeks, which accordingly didn't happen. Then April 30 was the selected date according to articles and etc. Now, on Iraqi TV May 5-6 is being projected. Time will tell. The price of goods and services are still dropping daily.
4-27-2017 Newshound Guru Aggiedad77 Article: "A Kuwaiti grant to Iraq to support the survey areas affected by terrorism file" ...if Iraq owed Kuwait money in the neighborhood of $5 billion USD still...why on this earth would Kuwait be willing to offer them a grant to the tune of $100 million USD...They must "know" of something big to come...and they speak here to future cooperative efforts as well...the ties that bind are growing tighter it would seem.
4-27-2017 Intel Guru Delta URGENT FROM IRAQI TV: "Haider al-Abadi will announce the liberation of Mosul completely...Saturday"
4-27-2017 Newshound Guru Kaperoni Article: "Baghdad embraces a global financial conference next month" Quote: "Iraq is in dire need to reduce the gap between the Iraqi and international banks, and after the association adopted a training program periodically targeting workers in banks , public and private sectors , and managed to create efficiencies able to advanced systems management, pointing that banking technology conference complements these efforts." That's 3-4 banking conferences from April to May.
4-27-2017 Newshound Guru Adam Montana No HCL. That doesn't change the most important part of this whole thing! The most ridiculous thing about Iraq is that they have the ability to RV, and...and when they do, %$@* is going to hit the fan. You know who will benefit the most, right? I don't need to say it. The smart people are already there.
4-27-2017 Intel Guru Frank26 ...there will be no faking when the announcement is made about Mosul...and this is a very big step right now...they are following all of the steps to the Monetary Reform...and many things are falling into place... The timing to me is impeccable...but be fair...their timing is movable...be patient...you looking for a date...be patient...you don’t go international with a program rate... [post 3 of 3]
4-27-2017 Intel Guru Frank26 The IMF and the World Bank meetings in Washington, DC were for the development of the Foreign Reserves of Iraq...and that is more important than anything you can imagine...because it will complete the budget...it is IMO the very last part of the budget...to build the foundation of the Foreign Reserves of the 2017 budget...and it was a commitment by many contractors....or should I say...many countries that have contracts with Iraq...stability in the market for these Foreign Reserves...these currencies are volatile and they were looking for a place to settle...and hence...IMO...that is why we haven’t seen the budget...but I believe it is ready...it is fueled...it is on the launching pad. The Financial Reform IMO is the most important part of the budget... [post 2 of 3....stay tuned]
4-26-2017 Intel Guru Frank26 I believe it was on the 10th or 11th of this month...we said...IMO in this month of April...around the 3rd week of April...they are going to start to pay the citizens of Iraq...at a new rate of 1000 to 1. ...last Monday...what did the articles say...well there is a change...we are trying to see if we can get to a 1000 to 1 rate...to be used within the citizens... ...one...of my FRIENDS...has over 500 employees...was instructed by the government of Iraq to start paying all of his 500 employees at a 1000 to 1 rate...and ...the citizens... realize ...wait a minute we are being given power of purchase...I got a whole lot more dinars here and a whole lot less USD...why...because that is the progress of the Monetary Reform. [post 1 of 3....stay tuned]
4-26-2017 Newshound/Intel Guru Mnt Goat Quote: "...Iraq’s B+ credit rating is still deeply entrenched in speculative, or junk territory...Yet as a marker for big institutional buyers like hedge funds and sovereign wealth arms, Fitch’s vote of confidence could mark the start of a broader shift among investors about Iraq’s long-term potential." ...this news today is WOW! news. This is exactly what we look forward to – “big institutional buyers like hedge funds and sovereign wealth arms” these entities are what will drive the value of the dinar up but only once globally traded. You see these fund managers can’t touch the dinar until it is on the global exchange and freely exchanged at the banks. Yes, yes and yes! ...we all already know Iraq is a “potential diamond in the rough…so what do you do with a rough diamond? Let them cut it, polish it up and market it….lol…I told you there would come a time to get excited. [post 2 of 2]
4-26-2017 Newshound/Intel Guru Mnt Goat Article: "Outlook upgrade could help push Iraq’s economic evolution to its next step" Quote: "War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests." Next step? We know this can not happen without an RV of their currency and getting off the program rate... [post 1 of 2....stay tuned]
4-26-2017 Intel Guru Frank26 What happened last night in our MR (monetary reform) is NOT SEEN yet by many to all...Greatness has already happen...
4-26-2017 Intel/Newshound Guru tman23 A big piece of overlooked news was the Kurdish "financial" delegation that went to Washington with the GOI delegation ...NEVER BEFORE...And this was because Iraq is one country represented by the GOI...For the Kurd financial heads to be there and INVITED into those meetings is NEEDED if you were planning monetary reform...
4-26-2017 Newshound Guru Kaperoni Article: "Central Bank: No distinction between foreign and Iraqi banks and currency auction" Quote: "...the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system." This is an important statement for the CBI to make... this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks. A good step to show the IMF the CBI is trying to comply.
4-26-2017 Intel Guru Bruce Even though it has been relatively quiet today, I can tell you a lot of things are lining up for us for this to go through. Let’s start with Iraq. I can tell you that we know...Prime Minister Abadi was overheard talking with some citizens around Mosul. When he was asked what the rate of the dinar would be in relative to the dollar, he gave a range that was very high for an in country rate for the dinar. It was higher than what the cards have been charged. It would be a remarkable rate to see. I believe that will be the rate of whatever he said it be. The CBI has not shown a rate change. Mosul is the best kept secret. They are doing everything they can except telling us about the liberation of Mosul. When will it be known? I think fairly shortly. If everything goes according to plan of what we have heard from several sources, we heard this is our week.
4-26-2017 Intel Guru ADMINBILL I REMAIN ENCOURAGED AT WHERE WE SIT TODAY AND LOOK FORWARD TO THE BEGINNING OF A NEW PATH. LOOKING BACK IT IS A WONDER SO MANY HAVE REMAINED CONVINCED, AS I AM, THAT THIS WILL SOON BE OVER.
4-26-2017 Newshound/Intel Guru Mnt Goat Quote: "...Iraq’s B+ credit rating is still deeply entrenched in speculative, or junk territory...Yet as a marker for big institutional buyers like hedge funds and sovereign wealth arms, Fitch’s vote of confidence could mark the start of a broader shift among investors about Iraq’s long-term potential." ...this news today is WOW! news. This is exactly what we look forward to – “big institutional buyers like hedge funds and sovereign wealth arms” these entities are what will drive the value of the dinar up but only once globally traded. You see these fund managers can’t touch the dinar until it is on the global exchange and freely exchanged at the banks. Yes, yes and yes! ...we all already know Iraq is a “potential diamond in the rough…so what do you do with a rough diamond? Let them cut it, polish it up and market it….lol…I told you there would come a time to get excited. [post 2 of 2]
4-26-2017 Newshound/Intel Guru Mnt Goat Article: "Outlook upgrade could help push Iraq’s economic evolution to its next step" Quote: "War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests." Next step? We know this can not happen without an RV of their currency and getting off the program rate... [post 1 of 2....stay tuned]
4-26-2017 Intel Guru Frank26 What happened last night in our MR (monetary reform) is NOT SEEN yet by many to all...Greatness has already happen...
4-26-2017 Intel/Newshound Guru tman23 A big piece of overlooked news was the Kurdish "financial" delegation that went to Washington with the GOI delegation ...NEVER BEFORE...And this was because Iraq is one country represented by the GOI...For the Kurd financial heads to be there and INVITED into those meetings is NEEDED if you were planning monetary reform...
4-26-2017 Newshound Guru Kaperoni Article: "Central Bank: No distinction between foreign and Iraqi banks and currency auction" Quote: "...the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system." This is an important statement for the CBI to make... this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks. A good step to show the IMF the CBI is trying to comply.
4-26-2017 Intel Guru Bruce Even though it has been relatively quiet today, I can tell you a lot of things are lining up for us for this to go through. Let’s start with Iraq. I can tell you that we know...Prime Minister Abadi was overheard talking with some citizens around Mosul. When he was asked what the rate of the dinar would be in relative to the dollar, he gave a range that was very high for an in country rate for the dinar. It was higher than what the cards have been charged. It would be a remarkable rate to see. I believe that will be the rate of whatever he said it be. The CBI has not shown a rate change. Mosul is the best kept secret. They are doing everything they can except telling us about the liberation of Mosul. When will it be known? I think fairly shortly. If everything goes according to plan of what we have heard from several sources, we heard this is our week.
4-26-2017 Intel Guru ADMINBILL I REMAIN ENCOURAGED AT WHERE WE SIT TODAY AND LOOK FORWARD TO THE BEGINNING OF A NEW PATH. LOOKING BACK IT IS A WONDER SO MANY HAVE REMAINED CONVINCED, AS I AM, THAT THIS WILL SOON BE OVER.
4-25-2017 Newshound Guru Kaperoni Article: "The Cabinet announces the restructuring of the General Company for Central Markets" I believe the General Company for Central Markets is a state run organization that functions in several different markets to facilitate commerce since there is no private sector currently functional. The fact that the CoM is discussing this is good...hopefully they are talking about dissolving this with the activation of the market economy.
4-25-2017 Newshound Guru Stryker Iraq Prepares For Higher Purchasing Power. Our dinar dominoes are finally ready to topple over in the direction of the perfectly aligned stars that are overlooking the desert soaked deeply in oil.
4-25-2017 Newshound/Intel Guru BGG [...I can't help but feel like we're starting to go backwards...] How is it possible to imagine we are going backwards? Mosul is nearly liberated...all the of the world financial powers are taking note of Iraq...they all want to support the re-engagement of Iraq with the world financial communities...none of that can happen at their current rate...it's an artificially low value. Obviously Abadi and Alak were very positive about the early part of 2017 - but that assumed the speedy removal of ISIS and some political stability...things change - just gives us more of a sense of their direction. ...if we've ever been in a legitimate "window", we seem to be heading into one now.
4-25-2017 Intel Guru RayRen98 [Could you please give us the most current rates you’re aware of for the Dinar, the Dong...] I don’t have any official rates to share with you. There have been some rates floating around, and some have been consistent, but I’ve always been told they were place-holder rates. They may hold out exactly as we’ve been told. From what I remember, those are the ones that have seemed consistent over the last two years: Dinar = $3.41-3.71; contract rates anything from $6 to $30. Dong = 47-51 cents.
4-25-2017 Newshound Guru Kaperoni Article: "World Bank of Iraq: Economic reforms need to get to the head of an integrated financial system" Quote: "...the World Bank representatives have indicated that economic reforms represent the need to get to the head of an integrated system for the management of the financial operation of the state at the federal and local level." I have stated it over and over, you cannot have a market economy without the banking system first opening to the world so investors may get profits out. That requires the CBI to get in compliance, move to Article VIII and get the dinar off the peg. As a result, investors will bring money to Iraq through the CBI's capital account which will allow the CBI to raise the value to offset inflationary pressure created in the economy. First and foremost, the banking system must be activated. Good to see the IMF and WB telling Iraq to get going.
4-25-2017 Newshound Guru Stryker Iraq Prepares For Higher Purchasing Power. Our dinar dominoes are finally ready to topple over in the direction of the perfectly aligned stars that are overlooking the desert soaked deeply in oil.
4-25-2017 Newshound/Intel Guru BGG [...I can't help but feel like we're starting to go backwards...] How is it possible to imagine we are going backwards? Mosul is nearly liberated...all the of the world financial powers are taking note of Iraq...they all want to support the re-engagement of Iraq with the world financial communities...none of that can happen at their current rate...it's an artificially low value. Obviously Abadi and Alak were very positive about the early part of 2017 - but that assumed the speedy removal of ISIS and some political stability...things change - just gives us more of a sense of their direction. ...if we've ever been in a legitimate "window", we seem to be heading into one now.
4-25-2017 Intel Guru RayRen98 [Could you please give us the most current rates you’re aware of for the Dinar, the Dong...] I don’t have any official rates to share with you. There have been some rates floating around, and some have been consistent, but I’ve always been told they were place-holder rates. They may hold out exactly as we’ve been told. From what I remember, those are the ones that have seemed consistent over the last two years: Dinar = $3.41-3.71; contract rates anything from $6 to $30. Dong = 47-51 cents.
4-25-2017 Newshound Guru Kaperoni Article: "World Bank of Iraq: Economic reforms need to get to the head of an integrated financial system" Quote: "...the World Bank representatives have indicated that economic reforms represent the need to get to the head of an integrated system for the management of the financial operation of the state at the federal and local level." I have stated it over and over, you cannot have a market economy without the banking system first opening to the world so investors may get profits out. That requires the CBI to get in compliance, move to Article VIII and get the dinar off the peg. As a result, investors will bring money to Iraq through the CBI's capital account which will allow the CBI to raise the value to offset inflationary pressure created in the economy. First and foremost, the banking system must be activated. Good to see the IMF and WB telling Iraq to get going.
4-24-2017 Intel Guru RayRen98 On Friday, there was a lot going on, a lot of situations; from the prices dropping to the limited communication to the five-day holiday that ends tonight – and it’s already evening in Baghdad. Businesses will start back up, and these price drops will be seen more and more. So where exactly are we? Banks were very much under the impression they would be seeing us today... Some Iraqis have reported celebrations before the holiday and information blackout. The biggest thing is the prices dropping...we are pretty much status quo from Friday. This think could pop out any time between now and the 1st. That’s what all the sources are saying. It’s all looking good...The writing is on the wall, we can see this is happening. With those prices dropping, the currency is revaluing, or they are having a huge fire sale.
4-24-2017 Newshound/Intel Guru Mnt Goat Article quote: "...Jaafari, Foreign Minister Saturday, to activate the strategic framework agreement signatory between Baghdad and Washington, stressing the need for concerted efforts by the international community and contribute to the reconstruction of underground infrastructure and the adoption of a project similar to the Marshall plan." ...in the news last week, the Trump administration talked about oil for USA support in the reconstruction. So I think the US plans a major role in the reconstruction efforts, post ISIS. I believe Trump will set up this situation so American companies will make billions off this effort. But will they even want to come into Iraq with a currency worth an 8th of a cent per dinar?
4-24-2017 Newshound Guru Stryker Article: "IMF and World Bank International call for Iraq to proceed with "reforms "federally and locally..." The dinar is undervalued, which puts it at an unfair exchange rate advantage and now we see the IMF and World Bank demanding that Iraq's government to proceed with financial reform, at the local and international levels.
4-24-2017 Intel/Newshound Guru tman23 They are in the process of monetary reform and getting ready for massive infrastructure rebuilding...I don't believe it is long before we have our answer to our "speculative investment"... AND PLEASE NOTE...I WOULD NOT FOLLOW THIS IF I DID NOT BELIEVE WE THE SPECULATORS HAVE A GOOD CHANCE FOR A POSITIVE OUTCOME...AND I'M NOT TALKING FLOAT AND MAKE A FEW BUCKS! [post 3 of 3]
4-24-2017 Intel/Newshound Guru tman23 [so what are your thought on them saying that the 3 zeros will be good for 10 years...] They say they will be in the marketplace side by side with the new currency and it will take approx 2 years to withdraw the majority from circulation...and they will be accepted for 10 years... The 50 dinar was given 2 months to turn in...BUT you can go directly to the CBI and exchange the notes still today...So I have no doubts that the currency will be honored... [so you think they will have 2 rates?] OH NO! NEVER 2 RATES... This is exactly what the IMF is getting them off of! The unknown is how will 3 zero notes be treated @ the currency exchange window... [post 2 of 3....stay tuned]
4-24-2017 Intel/Newshound Guru tman23 ...Lifting 3 zeros is not speculation and has been progressing...The speculation is the 3 zero notes you hold will make you a 1000% - 3000% profit... AND the fact is...There has been no indication through legitimate news sources that a huge profit is in the "cards" per se'...nobody knows... The same can be said for the 3 zero notes we hold...NOBODY KNOWS! ...And everything that follows the currency as being highly profitable is pure speculation and opinion... [post 1 of 3....stay tuned]
4-24-2017 Newshound Guru mike Article: "Parliament postpones vote on the provincial and district elections law" They have to get this fixed pronto, delaying elections is a bad move. At some point the GOI are going to have to step up and start getting things done, the IMF/WB are already demanding economic reform as a stipulation for continued financial support.
4-24-2017 Intel Guru RayRen98 [via sunny] ...very, very positive the revalue of the Iraq currency will happen before the end of the month because of all the intel ...coming in from within Iraq...multiple contacts inside Iraq sending...information.
4-24-2017 Newshound Guru Aggiedad77 ...what a great time for this investment...IMO Iraq stands poised...for several things this week...the world stands poised this week...which puts us in a position IMO to be poised for this week...not pointing at a date or rate...but at how magnificently things are progressing right before our eyes...IMO.
4-24-2017 Newshound/Intel Guru BGG The UN Chapter 7 Charter is still in place and is not going anywhere...they're going to do what they are going to do with their currency's value...Chapter 7 doesn't matter at all...all of the sanctions have been removed but the Charter is still there so that we...the U.S...can move troops around at will and that includes all other UN partner nations that matter.
4-24-2017 Newshound/Intel Guru Mnt Goat Article quote: "...Jaafari, Foreign Minister Saturday, to activate the strategic framework agreement signatory between Baghdad and Washington, stressing the need for concerted efforts by the international community and contribute to the reconstruction of underground infrastructure and the adoption of a project similar to the Marshall plan." ...in the news last week, the Trump administration talked about oil for USA support in the reconstruction. So I think the US plans a major role in the reconstruction efforts, post ISIS. I believe Trump will set up this situation so American companies will make billions off this effort. But will they even want to come into Iraq with a currency worth an 8th of a cent per dinar?
4-24-2017 Newshound Guru Stryker Article: "IMF and World Bank International call for Iraq to proceed with "reforms "federally and locally..." The dinar is undervalued, which puts it at an unfair exchange rate advantage and now we see the IMF and World Bank demanding that Iraq's government to proceed with financial reform, at the local and international levels.
4-24-2017 Intel/Newshound Guru tman23 They are in the process of monetary reform and getting ready for massive infrastructure rebuilding...I don't believe it is long before we have our answer to our "speculative investment"... AND PLEASE NOTE...I WOULD NOT FOLLOW THIS IF I DID NOT BELIEVE WE THE SPECULATORS HAVE A GOOD CHANCE FOR A POSITIVE OUTCOME...AND I'M NOT TALKING FLOAT AND MAKE A FEW BUCKS! [post 3 of 3]
4-24-2017 Intel/Newshound Guru tman23 [so what are your thought on them saying that the 3 zeros will be good for 10 years...] They say they will be in the marketplace side by side with the new currency and it will take approx 2 years to withdraw the majority from circulation...and they will be accepted for 10 years... The 50 dinar was given 2 months to turn in...BUT you can go directly to the CBI and exchange the notes still today...So I have no doubts that the currency will be honored... [so you think they will have 2 rates?] OH NO! NEVER 2 RATES... This is exactly what the IMF is getting them off of! The unknown is how will 3 zero notes be treated @ the currency exchange window... [post 2 of 3....stay tuned]
4-24-2017 Intel/Newshound Guru tman23 ...Lifting 3 zeros is not speculation and has been progressing...The speculation is the 3 zero notes you hold will make you a 1000% - 3000% profit... AND the fact is...There has been no indication through legitimate news sources that a huge profit is in the "cards" per se'...nobody knows... The same can be said for the 3 zero notes we hold...NOBODY KNOWS! ...And everything that follows the currency as being highly profitable is pure speculation and opinion... [post 1 of 3....stay tuned]
4-24-2017 Newshound Guru mike Article: "Parliament postpones vote on the provincial and district elections law" They have to get this fixed pronto, delaying elections is a bad move. At some point the GOI are going to have to step up and start getting things done, the IMF/WB are already demanding economic reform as a stipulation for continued financial support.
4-24-2017 Intel Guru RayRen98 [via sunny] ...very, very positive the revalue of the Iraq currency will happen before the end of the month because of all the intel ...coming in from within Iraq...multiple contacts inside Iraq sending...information.
4-24-2017 Newshound Guru Aggiedad77 ...what a great time for this investment...IMO Iraq stands poised...for several things this week...the world stands poised this week...which puts us in a position IMO to be poised for this week...not pointing at a date or rate...but at how magnificently things are progressing right before our eyes...IMO.
4-24-2017 Newshound/Intel Guru BGG The UN Chapter 7 Charter is still in place and is not going anywhere...they're going to do what they are going to do with their currency's value...Chapter 7 doesn't matter at all...all of the sanctions have been removed but the Charter is still there so that we...the U.S...can move troops around at will and that includes all other UN partner nations that matter.
4-23-2017 Newshound Guru mike Article: "Jaafari calls to activate the strategic framework between Baghdad and Washington Agreement" I'm hoping the reconstruction funds come with strings like on time elections and economic legislation, otherwise, it's throwing good money into a black hole. The corruption is rampant over there and you can bet there will be greedy hands skimming off the money we give them for reconstruction. I can't wait for the day when Iraq can stand on it's own two feet, with a balanced budget and stop the sectarianism that got them into this mess in the first place.
4-23-2017 Newshound Guru Enorrste "IraqÂ?s huge potential as an investment opportunity" Quote: "Now is a great time because there is a sign of increasing stability, politically, and there is also a sign of growing international commitment to the redevlopment of Iraq, as well." Where there is smoke there will definitely be fire shortly. This new interest can't bear fruit without an open currency. Let the fun begin, I say!
4-23-2017 Intel Guru Frank26 We not not SHARE with You to give You a DATE...We do it to give You Hope that the MR is progressing...And now IMO at a quicker pace.
4-23-2017 Newshound Guru Stryker Iraq is ready to take its place internationally. An update of Iraq's Economic Reforms from the IMF and World Bank review...
4-23-2017 Newshound Guru Enorrste "IraqÂ?s huge potential as an investment opportunity" Quote: "Now is a great time because there is a sign of increasing stability, politically, and there is also a sign of growing international commitment to the redevlopment of Iraq, as well." Where there is smoke there will definitely be fire shortly. This new interest can't bear fruit without an open currency. Let the fun begin, I say!
4-23-2017 Intel Guru Frank26 We not not SHARE with You to give You a DATE...We do it to give You Hope that the MR is progressing...And now IMO at a quicker pace.
4-23-2017 Newshound Guru Stryker Iraq is ready to take its place internationally. An update of Iraq's Economic Reforms from the IMF and World Bank review...
4-22-2017 Intel Guru RayRen98 The awareness campaign has been going on for weeks, with the television saying that their currency would have more purchasing power. Then a week ago we started getting the first rumblings of prices dropping at fuel places, and now the Iraqi in the street is seeing price reductions all over. [When they increase their rates internationally, do you think it will be at the $3 rate, or come in low and then go up? In your opinion?] In my opinion, it will probably be a little bit higher. I think it’s going to be up, and then go up some more. Bank folks are strongly believing Monday. We shall see. [post 2 of 2]
4-22-2017 Intel Guru RayRen98 In Iraq, a five-day holiday was imposed on Wednesday, including a blackout of all info – all businesses are closed... On the television, there is a huge flag being raised in western Mosul. In addition to the holiday, communications blackout and a huge flag, citizens on the street tell us their prices are dropping like you wouldn’t believe in all retail businesses. Iraq is also saying there will be full liberation of Mosul, reconciliation, and HCL all wrapped up in a neat bow by April 30th. Now, it’s hard to announce that with surety unless it’s already done. My sources...were excited about prices dropping. Price drops mean that the value is changing in their currency. [post 1 of 2....stay tuned]
4-22-2017 Intel Guru Bluwolf The banks are on alert status...the Global Currency Reset finally has been honored, the 209 revaluations are set to be on going. The rates are very good and there is no storms in the scenario. This timer has but a few more minutes left...
4-22-2017 Intel Guru Bruce The other thing that is happening is there is a meeting going on ...and will go through Saturday...in Washington DC between the IMF, the World Bank, The Bank of International Settlements, and one more other entity. Christine Legarde is there. I don’t know if any major announcement is going to come out of that meeting. I would say it would be a good place to have an announcement with all those organizations in place in Washington. The rates based on what I have heard the rates are continually going up. Just when you think you know where they are, the next thing you know they are higher than they were. Everything I am seeing...is pointing toward the end of the ride. We think all that needs to be done is done. [post 2 of 2]
4-22-2017 Intel Guru Bruce We know everything is basically been done in Iraq. Mosul has been taken back and liberated...and even Prime Minister Abadi, few days ago walked through the streets of Mosul and talked face to face with the citizens giving them assurance about what is coming and what is there. We know even in the mosque they have already mentioned in country the dinar going to be 6 times the value of the US dollar. The smart cards, Qi cards in Iraq have been activated with a decent high rate for some time and still being used. [post 1 of 2....stay tuned]
4-22-2017 Intel Guru RayRen98 In Iraq, a five-day holiday was imposed on Wednesday, including a blackout of all info – all businesses are closed... On the television, there is a huge flag being raised in western Mosul. In addition to the holiday, communications blackout and a huge flag, citizens on the street tell us their prices are dropping like you wouldn’t believe in all retail businesses. Iraq is also saying there will be full liberation of Mosul, reconciliation, and HCL all wrapped up in a neat bow by April 30th. Now, it’s hard to announce that with surety unless it’s already done. My sources...were excited about prices dropping. Price drops mean that the value is changing in their currency. [post 1 of 2....stay tuned]
4-22-2017 Intel Guru Bluwolf The banks are on alert status...the Global Currency Reset finally has been honored, the 209 revaluations are set to be on going. The rates are very good and there is no storms in the scenario. This timer has but a few more minutes left...
4-22-2017 Intel Guru Bruce The other thing that is happening is there is a meeting going on ...and will go through Saturday...in Washington DC between the IMF, the World Bank, The Bank of International Settlements, and one more other entity. Christine Legarde is there. I don’t know if any major announcement is going to come out of that meeting. I would say it would be a good place to have an announcement with all those organizations in place in Washington. The rates based on what I have heard the rates are continually going up. Just when you think you know where they are, the next thing you know they are higher than they were. Everything I am seeing...is pointing toward the end of the ride. We think all that needs to be done is done. [post 2 of 2]
4-22-2017 Intel Guru Bruce We know everything is basically been done in Iraq. Mosul has been taken back and liberated...and even Prime Minister Abadi, few days ago walked through the streets of Mosul and talked face to face with the citizens giving them assurance about what is coming and what is there. We know even in the mosque they have already mentioned in country the dinar going to be 6 times the value of the US dollar. The smart cards, Qi cards in Iraq have been activated with a decent high rate for some time and still being used. [post 1 of 2....stay tuned]
4-21-2017 Intel Guru Frank26 I have to let you know that as I-TEAM read our notes from last night a mistake was noticed...this centers around I-TEAM seeing the 2017 Iraqi budget, yes they did see the full budget but what we have to report from them is that there no rate whatsover in the 2017 budget. Yes it was formulated and calculated at a specific rate but no rate appears in the budget, just as there is no number showing at the CBI website for the Indicative Rate...both wait on the new rate to be published, a rate that has been calculated for all of the world to accept. 1184 is key to this budget, because at 1184 this 2017 budget will not work, it is an impossible mathematical issue...their budget awaits contract to finish bringing what the Private Sector needs... Again, I sincerely apologize for not stating this properly... [reference Frank26 4-21-2017, post 1 of 2]
4-21-2017 Newshound/Intel Guru Mnt Goat Article quote: "Iraqi analyst, Haider Sumeiri, believes this latest move by the United States shows a “strong indication” that the battle for western Al-Anbar is coming." Iraq is witnessing the last battle to get rid of ISIL. I believe they will make the end of April target this time around... It is NOT done! But the good news is the Abadi govt is targeting the end of April to wrap it up. They need Stability and this RV is not going to happen until ISIL is done and out of Iraq. Article: "Deputy for reform is likely to pass the oil and gas law during the next legislative term" yes- I have said this all along. Now we see it playing out. No RV without these laws. Are we getting close to ISIL victory, so now comes the needed laws. Is this coincidental?
4-21-2017 Newshound Guru Kaperoni Article: "Mosul: the start of the largest transactions of stability since World War II" Quote: "The United Nations announced the start of operations of the implementation of 202 projects to speed up the stability of Mosul in one of the largest initiatives of stability since World War II." ...this is the primer to start the market economy.
4-21-2017 Intel Guru Delta Article: ”5-day vacation by force in Iraq ~ Iraq TradeLink News Agency” ...this announcement today regarding the 5-day holiday...simply amazing... ...the Iraqis are seeing the price of a loaf of bread dropping today from 950 dinars down to 250 dinars...and...that even with the holiday announcement today the CBI and the ISX both will only be closed for Sunday and both will reopen on Monday. ...the announcement was for and... impacts all vendors who are already dropping prices like 1000x...even noticed a change in electricity prices dropping from 180 dinars to 10 dinars...here come the LD’s and coins. Allak, the governor of the CBI is going to be a hero. [what is next from the CBI...] New Rate.
4-21-2017 Intel Guru Frank26 what is next to be watching for...? look for the UN to make an announcement before the budget …we believe this very strongly. [What do you believe happened at the meetings in DC and why is the announcement (5-day holiday) after the meetings?] The Foreign Reserves of the budget were funded, gas prices are to go up, there was a commitment of the private sector investments. [All this means is that Iraq is a point of no return.] Correct...no turning back, no delay, no change of positions...etc...etc... [I’ll say here that the rate you see coming out will go up almost immediately.] Inside of 76 days...yes...then things will be frozen for a bit. [I like the fact too that many big people like this month.] So for the remainder of this month we are on HIGH ALERT. [post 2 of 2]
4-21-2017 Intel Guru Frank26 ...those who had come to DC had gone home or were going home...other meetings would happen in Iraq now. Article: ”5-day vacation by force in Iraq ~ Iraq TradeLink News Agency” ...well this seems to be a big announcement out of the norm...usually they have a 3-day holiday but they are indicating a 5-day event this time...and...this does not appear to be a coincidence. ...our TEAMS fascinated about this abnormality...and yes we are all on the same page about this holiday as well as a rate. According to I-TEAM...they have seen inside the 2017 Iraqi budget and it is full of funds and projects... So if the budget is to be seen...the NEW RATE has to be in the budget, it would be illogical at this point if it would not show up. [post 1 of 2....stay tuned]
4-21-2017 Newshound/Intel Guru Mnt Goat Quote: "He noted that the solution in Iraq is to reduce the demand for the dollar through the structure of the Iraqi economy is correct, and not through the sizes for the sale of the dollar." So here it is in BLACK and WHITE and it could not get any clearer – the strategy of the CBI is FIRST to reduce the demand for the dollar (thus raise the value of the dinar) and do it through a progressive and productive economy. Thus the REFORMS... But what will be the tipping point when they release the dinar to the world? This is the key here. I believe it is once they get their private sector growing and allow investment capital to flow freely in and out of Iraq. [post 2 of 2]
4-21-2017 Newshound/Intel Guru Mnt Goat Article quote: "Iraqi analyst, Haider Sumeiri, believes this latest move by the United States shows a “strong indication” that the battle for western Al-Anbar is coming." Iraq is witnessing the last battle to get rid of ISIL. I believe they will make the end of April target this time around... It is NOT done! But the good news is the Abadi govt is targeting the end of April to wrap it up. They need Stability and this RV is not going to happen until ISIL is done and out of Iraq. Article: "Deputy for reform is likely to pass the oil and gas law during the next legislative term" yes- I have said this all along. Now we see it playing out. No RV without these laws. Are we getting close to ISIL victory, so now comes the needed laws. Is this coincidental?
4-21-2017 Newshound Guru Kaperoni Article: "Mosul: the start of the largest transactions of stability since World War II" Quote: "The United Nations announced the start of operations of the implementation of 202 projects to speed up the stability of Mosul in one of the largest initiatives of stability since World War II." ...this is the primer to start the market economy.
4-21-2017 Intel Guru Delta Article: ”5-day vacation by force in Iraq ~ Iraq TradeLink News Agency” ...this announcement today regarding the 5-day holiday...simply amazing... ...the Iraqis are seeing the price of a loaf of bread dropping today from 950 dinars down to 250 dinars...and...that even with the holiday announcement today the CBI and the ISX both will only be closed for Sunday and both will reopen on Monday. ...the announcement was for and... impacts all vendors who are already dropping prices like 1000x...even noticed a change in electricity prices dropping from 180 dinars to 10 dinars...here come the LD’s and coins. Allak, the governor of the CBI is going to be a hero. [what is next from the CBI...] New Rate.
4-21-2017 Intel Guru Frank26 what is next to be watching for...? look for the UN to make an announcement before the budget …we believe this very strongly. [What do you believe happened at the meetings in DC and why is the announcement (5-day holiday) after the meetings?] The Foreign Reserves of the budget were funded, gas prices are to go up, there was a commitment of the private sector investments. [All this means is that Iraq is a point of no return.] Correct...no turning back, no delay, no change of positions...etc...etc... [I’ll say here that the rate you see coming out will go up almost immediately.] Inside of 76 days...yes...then things will be frozen for a bit. [I like the fact too that many big people like this month.] So for the remainder of this month we are on HIGH ALERT. [post 2 of 2]
4-21-2017 Intel Guru Frank26 ...those who had come to DC had gone home or were going home...other meetings would happen in Iraq now. Article: ”5-day vacation by force in Iraq ~ Iraq TradeLink News Agency” ...well this seems to be a big announcement out of the norm...usually they have a 3-day holiday but they are indicating a 5-day event this time...and...this does not appear to be a coincidence. ...our TEAMS fascinated about this abnormality...and yes we are all on the same page about this holiday as well as a rate. According to I-TEAM...they have seen inside the 2017 Iraqi budget and it is full of funds and projects... So if the budget is to be seen...the NEW RATE has to be in the budget, it would be illogical at this point if it would not show up. [post 1 of 2....stay tuned]
4-21-2017 Newshound/Intel Guru Mnt Goat Quote: "He noted that the solution in Iraq is to reduce the demand for the dollar through the structure of the Iraqi economy is correct, and not through the sizes for the sale of the dollar." So here it is in BLACK and WHITE and it could not get any clearer – the strategy of the CBI is FIRST to reduce the demand for the dollar (thus raise the value of the dinar) and do it through a progressive and productive economy. Thus the REFORMS... But what will be the tipping point when they release the dinar to the world? This is the key here. I believe it is once they get their private sector growing and allow investment capital to flow freely in and out of Iraq. [post 2 of 2]
4-20-2017 Newshound/Intel Guru Mnt Goat Article: "Governor of the Central Bank: To cancel the dollar sale window, if canceled to become exchange rate 3 or 4 thousand and perhaps more??" Quote: "On the prospects of floating, similar to other countries in the region, Keywords said that it is sealed now, and we are working on editing currency and not float, a large difference between the two." It is telling us the CBI is working on the replacement of the currency and bringing it out of the program rate as he says “editing” the currency. The fact that he says this process is much different than what was done in other countries is the key here. To me “editing” means to change. When he mentions “float” he is talking to parliament and telling them the CBI is not going to float the program rate but will wait until the editing process is done...So they can float but only when it goes international. [post 1 of 2....stay tuned]
4-20-2017 Newshound/Intel Guru BGG [is the new rate inside the budget?] There is no "new rate" inside the budget...in fact, one of the recent interviews with a CBI official - all but said it wouldn't happen that way...they did give us an actual list of what was required and in what order it should occur.
4-20-2017 Newshound/Intel Guru BGG [so we are waiting on Mosul's liberation and then it rv's?] That is a pretty "canned" statement... though it may not be far from the truth...as in- pretty absolute. [What about the other currencies?] Dong looks to be a ways out (at best).
4-20-2017 Intel Guru EXOGEN THURSDAY INTEL UPDATE: 1. IN COUNTRY STABILITY IN IRAQ IS FINALLY ALMOST HERE. NOTE: WE TOLD PEOPLE YEARS AGO YOU CAN NOT REVALUE A CURRENCY IN AN UNSTABLE
ENVIRONMENT CONTROLLED BY ISIS/ISIL. 2. PAY CLOSE ATTENTION TO THE KURDS. 3. THERE IS ALSO AN OIL PIPELINE TRANSACTION THAT IS THE MAJOR TRIGGER MECHANISM UNDER THE TABLE...HINT HINT! (PAY CLOSE ATTENTION TO OIL JOINT VENTURES WITH IRAQ) 4. IQD PARITY TO OTHER CURRENCY IS INEVITABLE.
4-20-2017 Newshound Guru Stryker Our dinar dominoes are finally ready to topple over in the direction of the perfectly aligned stars that are overlooking the desert soaked deeply in oil.
4-20-2017 Newshound Guru Adam Montana [...I believe the darn HCL is done but they don't want the public to know about it...yet.] That's what's called as "intuition". For the record, my intuition is speaking the same language.
4-20-2017 Newshound/Intel Guru Mnt Goat From article, CBI dated November 28, 2014 "The governor of the Central Bank of Iraq, Mr.Ali Al-Allaq, has declared on Tuesday that the green light was given to execute the file of zero deletion from the currency, and he confirmed that finishing the managing matters for this file will take two years. He also pointed that the bank has started preparing samples for the new currency." So 2 years from 2014 is late 2016. Just another indication they were targeting EARLY 2017. We also know from this article there is a new currency coming out. They are going to replace the larger 3 zero notes with smaller denominations and coins, but this will be a slow conversion and not what many think as 1 triggered event. ...believe me when the lower denoms begin to come out you will know it. There will be no guessing or assuming. When there is any significant change in the currency value you will know it...
4-20-2017 Intel Guru RayRen98 We are in the midst of things that should be unfolding as we speak...we now have a date it's targeted for...by April 30th, not on April 30th...from today...or anywhere up until the 30th and that's what they have now publicly put out... Information that Iraq would stop using the dollar...April 18, 2017, and the Dinar would be the only official currency and the rate would be significantly higher than the current rate (in-country) of .90. Mosul liberation now is being targeted for April 30. ...we are just waiting information ...to see what develops. I believe we're there...The writing is on the wall...
4-20-2017 Newshound Guru Aggiedad77 ...a float is coming...mucho $$$$'s are moving...a certain Foreign Reserve is swelling...Frank [Guru Frank26] is a happy camper...
4-20-2017 Newshound/Intel Guru BGG [is the new rate inside the budget?] There is no "new rate" inside the budget...in fact, one of the recent interviews with a CBI official - all but said it wouldn't happen that way...they did give us an actual list of what was required and in what order it should occur.
4-20-2017 Newshound/Intel Guru BGG [so we are waiting on Mosul's liberation and then it rv's?] That is a pretty "canned" statement... though it may not be far from the truth...as in- pretty absolute. [What about the other currencies?] Dong looks to be a ways out (at best).
4-20-2017 Intel Guru EXOGEN THURSDAY INTEL UPDATE: 1. IN COUNTRY STABILITY IN IRAQ IS FINALLY ALMOST HERE. NOTE: WE TOLD PEOPLE YEARS AGO YOU CAN NOT REVALUE A CURRENCY IN AN UNSTABLE
ENVIRONMENT CONTROLLED BY ISIS/ISIL. 2. PAY CLOSE ATTENTION TO THE KURDS. 3. THERE IS ALSO AN OIL PIPELINE TRANSACTION THAT IS THE MAJOR TRIGGER MECHANISM UNDER THE TABLE...HINT HINT! (PAY CLOSE ATTENTION TO OIL JOINT VENTURES WITH IRAQ) 4. IQD PARITY TO OTHER CURRENCY IS INEVITABLE.
4-20-2017 Newshound Guru Stryker Our dinar dominoes are finally ready to topple over in the direction of the perfectly aligned stars that are overlooking the desert soaked deeply in oil.
4-20-2017 Newshound Guru Adam Montana [...I believe the darn HCL is done but they don't want the public to know about it...yet.] That's what's called as "intuition". For the record, my intuition is speaking the same language.
4-20-2017 Newshound/Intel Guru Mnt Goat From article, CBI dated November 28, 2014 "The governor of the Central Bank of Iraq, Mr.Ali Al-Allaq, has declared on Tuesday that the green light was given to execute the file of zero deletion from the currency, and he confirmed that finishing the managing matters for this file will take two years. He also pointed that the bank has started preparing samples for the new currency." So 2 years from 2014 is late 2016. Just another indication they were targeting EARLY 2017. We also know from this article there is a new currency coming out. They are going to replace the larger 3 zero notes with smaller denominations and coins, but this will be a slow conversion and not what many think as 1 triggered event. ...believe me when the lower denoms begin to come out you will know it. There will be no guessing or assuming. When there is any significant change in the currency value you will know it...
4-20-2017 Intel Guru RayRen98 We are in the midst of things that should be unfolding as we speak...we now have a date it's targeted for...by April 30th, not on April 30th...from today...or anywhere up until the 30th and that's what they have now publicly put out... Information that Iraq would stop using the dollar...April 18, 2017, and the Dinar would be the only official currency and the rate would be significantly higher than the current rate (in-country) of .90. Mosul liberation now is being targeted for April 30. ...we are just waiting information ...to see what develops. I believe we're there...The writing is on the wall...
4-20-2017 Newshound Guru Aggiedad77 ...a float is coming...mucho $$$$'s are moving...a certain Foreign Reserve is swelling...Frank [Guru Frank26] is a happy camper...
4-19-2017 Newshound Guru Adam Montana [Iraq and Kuwait towards economic integration and the establishment of a free trade zone...Is it correct to assume that both country currency should be close in value?] Assume? Never. Speculate? Sure!
4-19-2017 Newshound/Intel Guru Mnt Goat In reality the CBI already told us their technical preparations are all completed. So we know this as FACT. So they are just giving general statements because they are stalling the process until the GOI gives them the go ahead. Why is the GOI stalling it? They are waiting for more STABILITY and SECURITY, which is imminent since ISIL is almost defeated. Article: "Abadi meets security leaders and sets the date for the announcement of the liberation of Mosul in full" Quote: "A leader in the popular crowd, on Tuesday, that "the security leaders have set the end of April this date to declare victory on a supporter." ...the GOI tells us a new target date when they expect to give a final announcement that ISIL is all done. WOW! A new target...So you can see just how close they are to full liberation. [post 2 of 2]
4-19-2017 Newshound/Intel Guru Mnt Goat I am listening to the Central Bank of Iraq (CBI) and what news they bring us. Also, the GOI parliamentary finance committee news, in regards to the currency, since we know they are working closely with the CBI in this matter...the GOI is monitoring the situation in the country and must give permission to the CBI when the time is right. The CBI is just the instrument for conducting the process they have in place for this purpose. Through many past articles on the topic of the “project to delete the zeros” the CBI has almost always concluded their information sessions with some verbiage like “the central bank will continue technical preparations in order to be practical fit when deciding deletion.“ [post 1 of 2....stay tuned]
4-19-2017 Newshound Guru Adam Montana Article: "Abadi meets the security leadership determines the date of declaration of the entire liberation of Mosul" Quote: "A leading figure in the popular crowd on Tuesday that "the security leaders set the end of this April deadline to declare victory over Daesh." More good news...Abadi still on the move, and Iraq is chugging along! [post 2 of 2]
4-19-2017 Newshound Guru Adam Montana ...there's some talk in the rumor section that we have an April 30 deadline, but nobody seems to know what it's for. The reason for that is pretty simple... there is no deadline. That's good AND bad... Bad, because it gives them complete freedom to operate as they see fit, and gives us no real way to anticipate the "WHEN" factor here. GOOD, because if anyone could actually predict the RV rate and date, the market would be diluted the hour before RV and a $1 Dinar would be watered down to a penny, if we are lucky. I don't want that, and neither do you, so let's all be grateful that we don't know "WHEN" the RV will occur! [post 1 of 2....stay tuned]
4-19-2017 Intel/Newshound Guru Backdoc BOTH SHIA BROTHERS [IRAN & IRAQ] ARE IN D.C. VALIDATING THEIR RESERVES FOR ONLY ONE PURPOSE, TO GO INTERNATIONAL WITH A NEW VALUE, A SINGLE PAYMENT SYSTEM! I LOVE THE QUICK ACTION BY THE IRAQ GOVT. FULLY GOING DIGITAL NOT ONLY WITH ALL DISBURSEMENTS BUT ALSO THEIR E-GOVERNMENT OPERATIONS. GO SHIA BROTHERS! "THE DEAL".
4-19-2017 Intel Guru Bruce The other thing that is important for us is the fact our USD that we now call USN is Gold backed. At noon today [Tuesday] PST the USN was released as the last currency to be considered part of the GCR and RV along with all the other currencies making all the nations of the world sovereign. The bad news is we didn’t go yesterday. The good news is we are set to go from here on. The rates that have been trading in the meantime even over Easter, and yesterday, and today are continuing to go up which is a good thing, because screen rates are very high. Higher than I thought they would be. [post 2 of 2]
4-19-2017 Intel Guru Bruce Everything we heard the last few days including Good Friday, Easter Saturday, Easter Sunday, and Monday were very positive moving in the right direction. Iraq has been on a social media blackout on and off for days now. What is interesting is that at noon PST or 3 pm EST...in Iraq the ban of the media was lifted at 3:15 pm EST. That is very big to have that move. Today, we did get a smudge of good information that put us in a very good place...everything is pointing toward the immediateness of the blessing coming. [post 1 of 2....stay tuned]
4-19-2017 Intel/Newshound Guru tman23 ...it is being said in inner circles that something big regarding IMF...world currency...be that e-currency or whatever the speculation is was beginning 4/21... All I can say...about it is...What I have been reading regarding 4/21 is from a complete different circle from dinarland and nothing to do with IQD... BUT with the latest report of Iraq being there...Sure makes things interesting along with the April 28th budget gap looming... [post 2 of 2]
4-19-2017 Intel/Newshound Guru tman23 Coincidental...? You all should be very interested and excited...chatter regarding 4/21 and launching or beginning of something new with in IMF etc...Then i read this...Newshound Guru Stryker Article: "Iraq resumes next Friday talks with the International Monetary Fund and the World Bank". What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview...will be meeting Mnunchin for the first time...Wanna know the date of the meeting ...GUESS! Friday...4/21. [post 1 of 2....stay tuned]
4-19-2017 Intel Guru Frank26 Article: "National Alliance for Ngeevi: We will announce the settlement after the liberation of Mosul, not after the election" Yesterday they showed you 1000 to 1 today they show you Mosul so if they show you the budget tomorrow it has to be an international rate because they are international already.
4-19-2017 Newshound/Intel Guru Mnt Goat In reality the CBI already told us their technical preparations are all completed. So we know this as FACT. So they are just giving general statements because they are stalling the process until the GOI gives them the go ahead. Why is the GOI stalling it? They are waiting for more STABILITY and SECURITY, which is imminent since ISIL is almost defeated. Article: "Abadi meets security leaders and sets the date for the announcement of the liberation of Mosul in full" Quote: "A leader in the popular crowd, on Tuesday, that "the security leaders have set the end of April this date to declare victory on a supporter." ...the GOI tells us a new target date when they expect to give a final announcement that ISIL is all done. WOW! A new target...So you can see just how close they are to full liberation. [post 2 of 2]
4-19-2017 Newshound/Intel Guru Mnt Goat I am listening to the Central Bank of Iraq (CBI) and what news they bring us. Also, the GOI parliamentary finance committee news, in regards to the currency, since we know they are working closely with the CBI in this matter...the GOI is monitoring the situation in the country and must give permission to the CBI when the time is right. The CBI is just the instrument for conducting the process they have in place for this purpose. Through many past articles on the topic of the “project to delete the zeros” the CBI has almost always concluded their information sessions with some verbiage like “the central bank will continue technical preparations in order to be practical fit when deciding deletion.“ [post 1 of 2....stay tuned]
4-19-2017 Newshound Guru Adam Montana Article: "Abadi meets the security leadership determines the date of declaration of the entire liberation of Mosul" Quote: "A leading figure in the popular crowd on Tuesday that "the security leaders set the end of this April deadline to declare victory over Daesh." More good news...Abadi still on the move, and Iraq is chugging along! [post 2 of 2]
4-19-2017 Newshound Guru Adam Montana ...there's some talk in the rumor section that we have an April 30 deadline, but nobody seems to know what it's for. The reason for that is pretty simple... there is no deadline. That's good AND bad... Bad, because it gives them complete freedom to operate as they see fit, and gives us no real way to anticipate the "WHEN" factor here. GOOD, because if anyone could actually predict the RV rate and date, the market would be diluted the hour before RV and a $1 Dinar would be watered down to a penny, if we are lucky. I don't want that, and neither do you, so let's all be grateful that we don't know "WHEN" the RV will occur! [post 1 of 2....stay tuned]
4-19-2017 Intel/Newshound Guru Backdoc BOTH SHIA BROTHERS [IRAN & IRAQ] ARE IN D.C. VALIDATING THEIR RESERVES FOR ONLY ONE PURPOSE, TO GO INTERNATIONAL WITH A NEW VALUE, A SINGLE PAYMENT SYSTEM! I LOVE THE QUICK ACTION BY THE IRAQ GOVT. FULLY GOING DIGITAL NOT ONLY WITH ALL DISBURSEMENTS BUT ALSO THEIR E-GOVERNMENT OPERATIONS. GO SHIA BROTHERS! "THE DEAL".
4-19-2017 Intel Guru Bruce The other thing that is important for us is the fact our USD that we now call USN is Gold backed. At noon today [Tuesday] PST the USN was released as the last currency to be considered part of the GCR and RV along with all the other currencies making all the nations of the world sovereign. The bad news is we didn’t go yesterday. The good news is we are set to go from here on. The rates that have been trading in the meantime even over Easter, and yesterday, and today are continuing to go up which is a good thing, because screen rates are very high. Higher than I thought they would be. [post 2 of 2]
4-19-2017 Intel Guru Bruce Everything we heard the last few days including Good Friday, Easter Saturday, Easter Sunday, and Monday were very positive moving in the right direction. Iraq has been on a social media blackout on and off for days now. What is interesting is that at noon PST or 3 pm EST...in Iraq the ban of the media was lifted at 3:15 pm EST. That is very big to have that move. Today, we did get a smudge of good information that put us in a very good place...everything is pointing toward the immediateness of the blessing coming. [post 1 of 2....stay tuned]
4-19-2017 Intel/Newshound Guru tman23 ...it is being said in inner circles that something big regarding IMF...world currency...be that e-currency or whatever the speculation is was beginning 4/21... All I can say...about it is...What I have been reading regarding 4/21 is from a complete different circle from dinarland and nothing to do with IQD... BUT with the latest report of Iraq being there...Sure makes things interesting along with the April 28th budget gap looming... [post 2 of 2]
4-19-2017 Intel/Newshound Guru tman23 Coincidental...? You all should be very interested and excited...chatter regarding 4/21 and launching or beginning of something new with in IMF etc...Then i read this...Newshound Guru Stryker Article: "Iraq resumes next Friday talks with the International Monetary Fund and the World Bank". What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month. Then I saw Legarde in an interview...will be meeting Mnunchin for the first time...Wanna know the date of the meeting ...GUESS! Friday...4/21. [post 1 of 2....stay tuned]
4-19-2017 Intel Guru Frank26 Article: "National Alliance for Ngeevi: We will announce the settlement after the liberation of Mosul, not after the election" Yesterday they showed you 1000 to 1 today they show you Mosul so if they show you the budget tomorrow it has to be an international rate because they are international already.
4-18-2017 Newshound Guru Aggiedad77 Article: "National Alliance for Ngeevi: We will announce the settlement after the liberation of Mosul, not after the election" Keep this thought in the area of your mind Family...yes I know this is the ME...and it is Iraq...who has a history of "final hour"..."last minute" ways of getting things done...but... IMO...in fact in my STRONGEST opinion...I would like to suggest this is or could be Abadi's "backwall" of a date...or time frame...and it most CERTAINLY could happen much sooner...perhaps at the conclusion to the big meeting that will start this weekend/Friday...So much has happened...right before our eyes...they keep telling the world...showing the world...why slowdown now...the LAVA flow is hot and molten and on the move...yes indeed it is the ME/Iraq...excitedly grounded at what could possibly come next...Maybe one countdown ends and another countdown commences...oh the possibilities...IMO.
4-18-2017 Intel Guru Frank26 Article: "Abadi meets the security leadership determines the date of declaration of the entire liberation of Mosul" Quote: "A leading figure in the popular crowd on Tuesday that "the security leaders set the end of this April deadline to declare victory over Daesh." [...this article...states that the end of April is the deadline set for the announcement for the liberation of Mosul.] Can i say it? I'm sorry I can't stand it anymore I have to say it...TA DA FREAKEN DA MAN!
4-18-2017 Newshound Guru BGG [IYO what would be better for Iraq to do, come out low an stay that way for years or come out high an just maintain that rate for years, we know the inflation will increase but what is better.] In my personal opinion - they should come out at about a buck - hold for at least a year and stabilize...then decide where to go after that...once they really start ROCKING economically - they may well inspire the IMF to raise them to their historical levels. [When you say at about a buck... do you mean "in country"?] ...there is no "in country - out of country" rate...it is one rate.
4-18-2017 Intel Guru Dr. Clarke They NEVER telegraph ahead of time, exactly WHEN, by giving a date or even an Accurate Range of Dates. They NEVER telegraph ahead of time, the RATES, and in which direction, up or down, because that would defeat their main purpose. ...In fact, they do the opposite. They disguise these things - Times, Dates, Rates, Intentions. They don’t tell you WITH ACCURACY, about what they’re planning on doing. They always “Mis-direct” the Public, on purpose, WHEN IT COMES TO FINANCIAL CURRENCY ADJUSTMENTS ...and the bigger the adjustments up or down, the MORE HIDDEN the information... [post 2 of 2]
4-18-2017 Intel Guru Dr. Clarke We’re NOT giving a DATE - A DAY, MONTH or even YEAR...AND we’re NOT giving any RATES. What we ARE giving you, is TIME to Think. WHY? Because, as of TODAY - “ANYTHING can Happen, at ANY TIME”...Friends, World Conditions have CHANGED CONSIDERABLY, as of Today, and since our last post, so...this is NOW, our current status going forward. ...“ANYTHING can Happen, at ANY TIME”...You want FACTS about this Financial Currency investment? In our World (Dr. Clarke’s World), the only Fact that is truly a “Fact” when it comes to these financial currency investments, is the Fact that the country of Iraq, Vietnam or ANY other country, can decide to move the value of their currency, up or down “PUBLICLY”, ANY TIME THEY WANT or decide, to do so (Technically)... [post 1 of 2....stay tuned]
4-18-2017 Newshound Guru Aggiedad77 Keep in mind the clock of the ME is unlike our western clock...dances to a different drummer...makes for difficult planning or coordination of things. President Trump has done much good with/for Iraq working through Abadi and others IMO...he's done his part...applied his pressure at the right places...but we are watching for the ball to be put in play now...for it can be of great economic benefit when applied to against world pressure points...Excitement is heavy in the air...the BEST is coming...IMO.
4-18-2017 Newshound Guru Phillyman Article: "Wide parts in western Mosul districts freed: Commander" Still waiting on that announcement of liberation but the news is looking positive this morning.
4-18-2017 Newshound Guru MadDScout [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq's currency?] I will offer that it is a very important meeting. With the frozen funds coming back on line in June seems strategic.
4-18-2017 Newshound Guru mike Article: "Abadi's adviser "Economy News": Iraq will discuss with the IMF, the development of foreign reserves" Quote: "the Iraqi government succeeded in achieving economic reform, which is reflected positively on the economy." I don't know how they can say they've already succeeded, there's still a ton of work to do to change Iraq's economy. Iraqi's have a way of saying what other people want to hear, especially when it comes to the guys who are giving them billions of dollars with economic strings attached. The IMF did ask Iraq to reduce the government payroll, implement anti-money laundering plans, repair the banks and begin the tariff program for imports. Maybe that's what he's talking about when he says they've succeeded in achieving economic reform. I hope not.
4-18-2017 Newshound Guru BGG [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq's currency?] ...IMHO it looks as if all these "talks" will happen first - THEN the Executive Board will decide and vote on, what to do. ...the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board. I'm saying - the end of April... up through about the 29th - is a VERY BUSY TIME for Iraq and the world financial overseers.
4-18-2017 Intel Guru Frank26 Article: "Abadi meets the security leadership determines the date of declaration of the entire liberation of Mosul" Quote: "A leading figure in the popular crowd on Tuesday that "the security leaders set the end of this April deadline to declare victory over Daesh." [...this article...states that the end of April is the deadline set for the announcement for the liberation of Mosul.] Can i say it? I'm sorry I can't stand it anymore I have to say it...TA DA FREAKEN DA MAN!
4-18-2017 Newshound Guru BGG [IYO what would be better for Iraq to do, come out low an stay that way for years or come out high an just maintain that rate for years, we know the inflation will increase but what is better.] In my personal opinion - they should come out at about a buck - hold for at least a year and stabilize...then decide where to go after that...once they really start ROCKING economically - they may well inspire the IMF to raise them to their historical levels. [When you say at about a buck... do you mean "in country"?] ...there is no "in country - out of country" rate...it is one rate.
4-18-2017 Intel Guru Dr. Clarke They NEVER telegraph ahead of time, exactly WHEN, by giving a date or even an Accurate Range of Dates. They NEVER telegraph ahead of time, the RATES, and in which direction, up or down, because that would defeat their main purpose. ...In fact, they do the opposite. They disguise these things - Times, Dates, Rates, Intentions. They don’t tell you WITH ACCURACY, about what they’re planning on doing. They always “Mis-direct” the Public, on purpose, WHEN IT COMES TO FINANCIAL CURRENCY ADJUSTMENTS ...and the bigger the adjustments up or down, the MORE HIDDEN the information... [post 2 of 2]
4-18-2017 Intel Guru Dr. Clarke We’re NOT giving a DATE - A DAY, MONTH or even YEAR...AND we’re NOT giving any RATES. What we ARE giving you, is TIME to Think. WHY? Because, as of TODAY - “ANYTHING can Happen, at ANY TIME”...Friends, World Conditions have CHANGED CONSIDERABLY, as of Today, and since our last post, so...this is NOW, our current status going forward. ...“ANYTHING can Happen, at ANY TIME”...You want FACTS about this Financial Currency investment? In our World (Dr. Clarke’s World), the only Fact that is truly a “Fact” when it comes to these financial currency investments, is the Fact that the country of Iraq, Vietnam or ANY other country, can decide to move the value of their currency, up or down “PUBLICLY”, ANY TIME THEY WANT or decide, to do so (Technically)... [post 1 of 2....stay tuned]
4-18-2017 Newshound Guru Aggiedad77 Keep in mind the clock of the ME is unlike our western clock...dances to a different drummer...makes for difficult planning or coordination of things. President Trump has done much good with/for Iraq working through Abadi and others IMO...he's done his part...applied his pressure at the right places...but we are watching for the ball to be put in play now...for it can be of great economic benefit when applied to against world pressure points...Excitement is heavy in the air...the BEST is coming...IMO.
4-18-2017 Newshound Guru Phillyman Article: "Wide parts in western Mosul districts freed: Commander" Still waiting on that announcement of liberation but the news is looking positive this morning.
4-18-2017 Newshound Guru MadDScout [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq's currency?] I will offer that it is a very important meeting. With the frozen funds coming back on line in June seems strategic.
4-18-2017 Newshound Guru mike Article: "Abadi's adviser "Economy News": Iraq will discuss with the IMF, the development of foreign reserves" Quote: "the Iraqi government succeeded in achieving economic reform, which is reflected positively on the economy." I don't know how they can say they've already succeeded, there's still a ton of work to do to change Iraq's economy. Iraqi's have a way of saying what other people want to hear, especially when it comes to the guys who are giving them billions of dollars with economic strings attached. The IMF did ask Iraq to reduce the government payroll, implement anti-money laundering plans, repair the banks and begin the tariff program for imports. Maybe that's what he's talking about when he says they've succeeded in achieving economic reform. I hope not.
4-18-2017 Newshound Guru BGG [Do you think that the IMF meeting with the CBI and GOI this weekend could be the GO/No Go meeting for the Revalue of Iraq's currency?] ...IMHO it looks as if all these "talks" will happen first - THEN the Executive Board will decide and vote on, what to do. ...the next few days are going to be very, very full of activity. Followed up by the IMF Executive Board. I'm saying - the end of April... up through about the 29th - is a VERY BUSY TIME for Iraq and the world financial overseers.
4-17-2017 Intel Guru Frank26 The CBI and GOI is meeting with the IMF and WB. If it was just with the IMF i would say it was a regular continual meeting...But it's not. There is no countdown for a DATE...YOU KNOW THAT. But IOO...There is a Change coming and...YOU KNOW THAT. ...may I point something out ...the indicative rate has not been on the CBI website all year ...they break laws but consider this ...they don't show you 1000 to 1...they will never show you one to one so when they lift the three zeros they won't even show you that...In the still of the night they will simply apply it and go about their business...
4-17-2017 Intel Guru Delta CBI AND GOI WILL MEET WITH IMF AND THE WORLD BANK ON FRIDAY 21ST FOR 3 DAYS.
4-17-2017 Intel Guru Frank26 ...I have gone Silent this week...For the things that are happening inside of Iraq must come out in their voice and it is wiser that I have no Voice...Until next Week. [...it actually seems like its going down this month or the first of next.] Normally...If One can smell something...One is about to taste it.
4-17-2017 Intel Guru RayRen98 From my understanding, there was a concerted effort to get this done this weekend. Everything indicated that, but it didn’t. This is very much real and happening...I have no reservations about Iraq revaluing its currency; I thought it would happen a week ago, then some were being told Easter or immediately thereafter. That’s where we are now, but that is not saying “it is coming today”. Here is where we are, based on Friday coming into Monday – all the information is still holding, expecting this any minute. Exciting times! I do think it will happen this week...definitely think we will be exchanging by the end of the month. Twenty four hours is going to tell us a whole lot...the end is in sight and we are rapidly approaching the phase of this trip that we have been looking for.
4-17-2017 Intel/Newshound Guru tman23 ...They have been preparing and been prepared... The Kurd disagreements are not holding it back simply because all banks are following central bank laws and... Kurd government are enforcing currency laws...money laundering etc...
4-17-2017 Newshound/Intel Guru BGG [...what your thoughts on that no float....I did some research and there are advantages and cons about a pegged rate. I read if theyd come out low it will help with trade but on the other hand it could raise inflation.] Not could - will...it would start an inflationary trend that might not be easy to stop. IMHO - it will be a "managed float" - meaning: it will look so much like a fixed rate - it might as well be fixed.
4-17-2017 Intel Guru Delta CBI AND GOI WILL MEET WITH IMF AND THE WORLD BANK ON FRIDAY 21ST FOR 3 DAYS.
4-17-2017 Intel Guru Frank26 ...I have gone Silent this week...For the things that are happening inside of Iraq must come out in their voice and it is wiser that I have no Voice...Until next Week. [...it actually seems like its going down this month or the first of next.] Normally...If One can smell something...One is about to taste it.
4-17-2017 Intel Guru RayRen98 From my understanding, there was a concerted effort to get this done this weekend. Everything indicated that, but it didn’t. This is very much real and happening...I have no reservations about Iraq revaluing its currency; I thought it would happen a week ago, then some were being told Easter or immediately thereafter. That’s where we are now, but that is not saying “it is coming today”. Here is where we are, based on Friday coming into Monday – all the information is still holding, expecting this any minute. Exciting times! I do think it will happen this week...definitely think we will be exchanging by the end of the month. Twenty four hours is going to tell us a whole lot...the end is in sight and we are rapidly approaching the phase of this trip that we have been looking for.
4-17-2017 Intel/Newshound Guru tman23 ...They have been preparing and been prepared... The Kurd disagreements are not holding it back simply because all banks are following central bank laws and... Kurd government are enforcing currency laws...money laundering etc...
4-17-2017 Newshound/Intel Guru BGG [...what your thoughts on that no float....I did some research and there are advantages and cons about a pegged rate. I read if theyd come out low it will help with trade but on the other hand it could raise inflation.] Not could - will...it would start an inflationary trend that might not be easy to stop. IMHO - it will be a "managed float" - meaning: it will look so much like a fixed rate - it might as well be fixed.
4-16-2017 Newshound Guru Stryker Article: "Iraq resumes next Friday talks with the International Monetary Fund and the World Bank" What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month.
4-16-2017 Newshound Guru Breitling …They are talking about being at about a billion notes. And what does that billion notes represent? 11 Billion 600 million dinars…the General who actually took the old Saddam Hussein notes out of circulation and put the new dinar that you and I have in circulation...He did an interview. He was asked, “What’s Iraq’s goal?” Get back to $3.25…and get the note count down to a billion. And they are on track to be able to do that. (That doesn’t mean they are going to come out at $3 the next day…cause it would be instantly too expensive to do business with Iraq.) But they are there…that’s what the report was about…I’ve been looking at this for about two weeks but I wanted to make doubly sure. What they are saying is the Central Bank actually has more than a billion…but what’s in circulation? About a billion notes which reduces it to about 11 billion dinar. That is remarkable. You should be very very happy and it should play into you having a great Easter weekend! [Post 2 of 2]
4-16-2017 Newshound Guru Breitling …Think about all the numbers we’ve been watching over the years…we knew what we needed to look for…We always talked about the note count. The note count has to be going down. At it’s peak when I got into the dinar…it was 15 trillion dinar…NOT NOTES…dinar. The max Iraq has had is 9 Billion notes which represented about 30 trillion dinar. So what does that mean? If you have 1 note that’s worth 25k and one note that’s worth 10k, you can see how there are more dinar than there are notes and that’s why we need to be able to parse those numbers to understand exactly what’s going on. But the total was 30 trillion dinar out there and they brought that number down by reducing the note count. So what are we at today? [Post 1 of 2 Stay tuned for the rest of the story]
4-16-2017 Newshound Guru chattels Isis ‘minister of war’ is killed by allied airstrike in Mosul. The highest ranking Islamic State commander in Mosul, described as the jihadists’ minister of war, has been killed in an airstrike.
4-16-2017 Newshound/Intel Guru BGG Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more" Article quote: "On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two" that is a BIG ARTICLE...there won't be any FLOAT... (no float). PERIOD.
4-16-2017 Newshound Guru Breitling …They are talking about being at about a billion notes. And what does that billion notes represent? 11 Billion 600 million dinars…the General who actually took the old Saddam Hussein notes out of circulation and put the new dinar that you and I have in circulation...He did an interview. He was asked, “What’s Iraq’s goal?” Get back to $3.25…and get the note count down to a billion. And they are on track to be able to do that. (That doesn’t mean they are going to come out at $3 the next day…cause it would be instantly too expensive to do business with Iraq.) But they are there…that’s what the report was about…I’ve been looking at this for about two weeks but I wanted to make doubly sure. What they are saying is the Central Bank actually has more than a billion…but what’s in circulation? About a billion notes which reduces it to about 11 billion dinar. That is remarkable. You should be very very happy and it should play into you having a great Easter weekend! [Post 2 of 2]
4-16-2017 Newshound Guru Breitling …Think about all the numbers we’ve been watching over the years…we knew what we needed to look for…We always talked about the note count. The note count has to be going down. At it’s peak when I got into the dinar…it was 15 trillion dinar…NOT NOTES…dinar. The max Iraq has had is 9 Billion notes which represented about 30 trillion dinar. So what does that mean? If you have 1 note that’s worth 25k and one note that’s worth 10k, you can see how there are more dinar than there are notes and that’s why we need to be able to parse those numbers to understand exactly what’s going on. But the total was 30 trillion dinar out there and they brought that number down by reducing the note count. So what are we at today? [Post 1 of 2 Stay tuned for the rest of the story]
4-16-2017 Newshound Guru chattels Isis ‘minister of war’ is killed by allied airstrike in Mosul. The highest ranking Islamic State commander in Mosul, described as the jihadists’ minister of war, has been killed in an airstrike.
4-16-2017 Newshound/Intel Guru BGG Article: "Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more" Article quote: "On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two" that is a BIG ARTICLE...there won't be any FLOAT... (no float). PERIOD.
4-15-2017 Newshound/Intel Guru Mnt Goat Article quote: "Finance ministers and central bank governors from the Group of 20 major economies, known as the G20, are also scheduled to meet on the sidelines of the April 21-23 conference." I personally do not see any RV until after this meeting has taken place. I feel we are on a very good course to see a change sometime in late April. I am not predicting a date but I am only connecting everything we are reading. I am reading hundreds of articles this past week and it is amazing the progress and movement of the Iraq economy.
4-15-2017 Intel Guru Frank26 There was an announcement that by May 1 Iraq is going to be using the electronic system to wire/transfer money into the international theater using electronic dinars. For what reason? Who wants them? We as investors want them...nobody else has any use for them...unless you are going to make them internationally worthy. [BEFORE E-DINAR THEY NEED RATE...] IMO...It is only Logical...For IMO it is not erroneous.
4-15-2017 Intel Gurus Delta and Frank26 FROM IRAQI TV: AUTOMATIC RESERVATION OF IRAQI AIRWAY THROUGH VISA CARD INSIDE AND OUTSIDE IRAQ. Hmmm...Both MC and Iraqi Planes...Going International Now VISA want to as well ...NICE.
4-15-2017 Newshound/Intel Guru Mnt Goat Article quote: "GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s(MOE) Baghdad Power Plant in Besmaya." Finally 24 electricity is actually coming to Iraq. ...getting Iraq’s electric grid back up and running with this first power plant is only part of Phase I and much more is to come. Did you ever wonder how all those ATMs...would ever operate without electricity? Did you ever wonder why the CBI would deliver the newer lower denominations to banks across Iraq...what about power needed for bank security systems, computers, or the money changing/exchanging machines...and the BIG move to electronic banking...how would all this work without electricity? Do you get..why this article is so important for the “next Phase” of economic development?
4-15-2017 Intel Guru Frank26 There was an announcement that by May 1 Iraq is going to be using the electronic system to wire/transfer money into the international theater using electronic dinars. For what reason? Who wants them? We as investors want them...nobody else has any use for them...unless you are going to make them internationally worthy. [BEFORE E-DINAR THEY NEED RATE...] IMO...It is only Logical...For IMO it is not erroneous.
4-15-2017 Intel Gurus Delta and Frank26 FROM IRAQI TV: AUTOMATIC RESERVATION OF IRAQI AIRWAY THROUGH VISA CARD INSIDE AND OUTSIDE IRAQ. Hmmm...Both MC and Iraqi Planes...Going International Now VISA want to as well ...NICE.
4-15-2017 Newshound/Intel Guru Mnt Goat Article quote: "GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s(MOE) Baghdad Power Plant in Besmaya." Finally 24 electricity is actually coming to Iraq. ...getting Iraq’s electric grid back up and running with this first power plant is only part of Phase I and much more is to come. Did you ever wonder how all those ATMs...would ever operate without electricity? Did you ever wonder why the CBI would deliver the newer lower denominations to banks across Iraq...what about power needed for bank security systems, computers, or the money changing/exchanging machines...and the BIG move to electronic banking...how would all this work without electricity? Do you get..why this article is so important for the “next Phase” of economic development?
4-14-2017 Newshound/Intel Guru Mnt Goat Quote: “...expected the arrival of Iraq to the level of the global financial market after improving economic conditions during the next phase...” It says Iraq will move to the “global” financial markets after improving their economic conditions in the next phase. So we do have to wait for the economy to at least begin to grow and investors come into Iraq. This is the next phase they are talking about. The last phase was to institute all the financial and banking reforms. Now we move on to the next phase. At what point, In this next phase, will they meet a critical mass, sort of speaking, when they will finally have to move their currency global? No one really knows this tipping point but we do know...from all the good news we are reading...it has not yet happened, but it will happen very soon. [post 2 of 2]
4-14-2017 Newshound/Intel Guru Mnt Goat Article quotes: "...the political body was the National Alliance agreed to declare a national settlement project after the victory of Mosul operations..." "...a meeting with the heads of political blocs and the parliamentary committees the meeting was to discuss all outstanding laws." ...once ISIS is taken care of the next emphasis is going to be placed on the necessary laws. The GOI is not going to ask the CBI to release the RV until these are completed. Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros... ...this is what we are after, therefore the needed laws are so important. They will bring this political and legal environment. This is the connection between the needed laws and the currency reform. [post 1 of 2....stay tuned]
4-14-2017 Intel Guru Delta FROM IRAQI TV: UNDP STARTING MAY 1ST THEY WILL USE E TRADING SYSTEM. ...ELECTRONIC TENDERING SYSTEM in IRAQ. Article: "UNDP to Implement E-Tendering system in Iraq" Quote: "The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform)."
4-14-2017 Intel Guru RayRen98 I don’t have a lot of good intel, just expectations. My best Iraqi sources are saying they were being told “this week, by Friday”, and now it is Friday. There was an announcement about reclaiming the mosque in Mosul. There is not yet an official full liberation, but to all intents and purposes, you could say that. They are told over there that today is IT. Their money is flowing like milk and honey, at least for some. They have what they have been promised, and at least it’s started in Iraq. No, we didn’t go to the bank on Friday morning, but that doesn’t mean people won’t go to the bank Friday night or Saturday morning. Friday IS the day for this to start to be wrapped. We are still highly optimistic about today, this evening, the weekend, or next Monday. That’s all I can share with you today...could go today, this evening, at any moment. Be ready.
4-14-2017 Newshound Guru mike Article: "Iraqi Troops Retake Further Ground in Center of Mosul" [Is full Liberation over Easter Weekend possible...crossing fingers...?] Hang in there...it won't be this weekend but it's coming.
4-14-2017 Newshound Guru 1bobby Article: "Iraq and Kuwait to discuss mechanisms for achieving economic complementarity" When they speak of "mechanisms" that means that the substance(s) of the agreement have been met, now they are looking towards implementation. Kuwait and the other ME Countries are learning that they can not survive by oil alone and they need to open the doors to more of a non oil revenue based economy. Iraq has lifted a ban that basically gives the right to Kuwati citizens the right to own property and invest in Iraq. Now Iraq wants the same from Kuwait. Kuwait calls Iraq "An important and promising market".
4-14-2017 Intel Guru Bruce Tuesday night, I was in pretty good form that this would happen to us this week before Easter. I still believe that is the plan. My opinion of the timing has not changed. What about Iraq? Is it about Mosul? No, not anymore. I am hearing it is not really bout Iraq. Iraq is done. They have done all to be released from sanctions. We already heard about reports in Iraq that the dinar valued 6 times that of the dollar. Usually happens is the UN Operational rates are visible on the 13th and than effective around the 15th. The 15th is Saturday. I would say we should be exchanging before Easter. I don’t like to say it is all done, been done, however we are hearing it is all pretty much complete. Let’s just see what happens.
4-14-2017 Newshound/Intel Guru Mnt Goat Article quotes: "...the political body was the National Alliance agreed to declare a national settlement project after the victory of Mosul operations..." "...a meeting with the heads of political blocs and the parliamentary committees the meeting was to discuss all outstanding laws." ...once ISIS is taken care of the next emphasis is going to be placed on the necessary laws. The GOI is not going to ask the CBI to release the RV until these are completed. Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros... ...this is what we are after, therefore the needed laws are so important. They will bring this political and legal environment. This is the connection between the needed laws and the currency reform. [post 1 of 2....stay tuned]
4-14-2017 Intel Guru Delta FROM IRAQI TV: UNDP STARTING MAY 1ST THEY WILL USE E TRADING SYSTEM. ...ELECTRONIC TENDERING SYSTEM in IRAQ. Article: "UNDP to Implement E-Tendering system in Iraq" Quote: "The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform)."
4-14-2017 Intel Guru RayRen98 I don’t have a lot of good intel, just expectations. My best Iraqi sources are saying they were being told “this week, by Friday”, and now it is Friday. There was an announcement about reclaiming the mosque in Mosul. There is not yet an official full liberation, but to all intents and purposes, you could say that. They are told over there that today is IT. Their money is flowing like milk and honey, at least for some. They have what they have been promised, and at least it’s started in Iraq. No, we didn’t go to the bank on Friday morning, but that doesn’t mean people won’t go to the bank Friday night or Saturday morning. Friday IS the day for this to start to be wrapped. We are still highly optimistic about today, this evening, the weekend, or next Monday. That’s all I can share with you today...could go today, this evening, at any moment. Be ready.
4-14-2017 Newshound Guru mike Article: "Iraqi Troops Retake Further Ground in Center of Mosul" [Is full Liberation over Easter Weekend possible...crossing fingers...?] Hang in there...it won't be this weekend but it's coming.
4-14-2017 Newshound Guru 1bobby Article: "Iraq and Kuwait to discuss mechanisms for achieving economic complementarity" When they speak of "mechanisms" that means that the substance(s) of the agreement have been met, now they are looking towards implementation. Kuwait and the other ME Countries are learning that they can not survive by oil alone and they need to open the doors to more of a non oil revenue based economy. Iraq has lifted a ban that basically gives the right to Kuwati citizens the right to own property and invest in Iraq. Now Iraq wants the same from Kuwait. Kuwait calls Iraq "An important and promising market".
4-14-2017 Intel Guru Bruce Tuesday night, I was in pretty good form that this would happen to us this week before Easter. I still believe that is the plan. My opinion of the timing has not changed. What about Iraq? Is it about Mosul? No, not anymore. I am hearing it is not really bout Iraq. Iraq is done. They have done all to be released from sanctions. We already heard about reports in Iraq that the dinar valued 6 times that of the dollar. Usually happens is the UN Operational rates are visible on the 13th and than effective around the 15th. The 15th is Saturday. I would say we should be exchanging before Easter. I don’t like to say it is all done, been done, however we are hearing it is all pretty much complete. Let’s just see what happens.
4-13-2017 Newshound Guru 1bobby Article: "Parliamentary economy talks about the provisions of the law "Trademarks" As we delved further into what we are seeing is a WTO requirement. The TRIPS Agreement within the WTO guidelines mainly deals with intellectual property protections, it also go into trademark issues. Some ask if this needed for an RV. What it is needed for is promoting trade which is one of the pillars that influences exchange rates.
4-13-2017 Newshound Guru Kaperoni Article: "UNDP to Implement E-Tendering system in Iraq" Quote: "The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform)." Good to see. More electronic, less corruption.
4-13-2017 Intel Guru Frank26 [What about the VND?] ANSWER – Looking strong...the VND...it exploded in power because of our relationship with them.
4-13-2017 Intel Guru Frank26 [Are we still looking good for this month?] ANSWER -- yes...I’m not give you a date...but the MR is looking extremely good in this month of April. OH YES...they could do this... [In country rate?] ANSWER – it’s not on the CBI spreadsheet...IMO...the rate will show when it’s international. It’s possible for them to move from 1,000 to 1 to 1 to 1 <<< in country. I don’t think you’ll see 1 to 1. When it leaves the borders of Iraq...IMO...I believe it will be higher than $1. You will see things on Forex...not the CBI website. [post 2 of 2]
4-13-2017 Intel Guru Frank26 As you know...the phone company...two of them...they reduced the price of their services (Zain and Sims). This is an indicator...and there will be MORE. Here’s two more. AsiaCell is also lowering their charges. 1 minute for 1 dinar. Do you see any 1 dinars? Something is happening. Also...an airline in Iraq is lowering the price of their tickets. Electricity says the same thing...trying to lower prices. When a company slashes prices...doesn’t that tell you something? Charging 1 dinar? HOW? There will be a 1 Dinar when the lower denoms come out and 1 dinar coin (brown in color)...and a Fil...these things are coming. [post 1 of 2....stay tuned]
4-13-2017 Newshound Guru Kaperoni Article: "UNDP to Implement E-Tendering system in Iraq" Quote: "The UN Development Programme (UNDP)’s Iraq Country Office has announced that, starting 1st May 2017, all procurement processes will be conducted using an online E-Tendering system (Electronic Tendering Platform)." Good to see. More electronic, less corruption.
4-13-2017 Intel Guru Frank26 [What about the VND?] ANSWER – Looking strong...the VND...it exploded in power because of our relationship with them.
4-13-2017 Intel Guru Frank26 [Are we still looking good for this month?] ANSWER -- yes...I’m not give you a date...but the MR is looking extremely good in this month of April. OH YES...they could do this... [In country rate?] ANSWER – it’s not on the CBI spreadsheet...IMO...the rate will show when it’s international. It’s possible for them to move from 1,000 to 1 to 1 to 1 <<< in country. I don’t think you’ll see 1 to 1. When it leaves the borders of Iraq...IMO...I believe it will be higher than $1. You will see things on Forex...not the CBI website. [post 2 of 2]
4-13-2017 Intel Guru Frank26 As you know...the phone company...two of them...they reduced the price of their services (Zain and Sims). This is an indicator...and there will be MORE. Here’s two more. AsiaCell is also lowering their charges. 1 minute for 1 dinar. Do you see any 1 dinars? Something is happening. Also...an airline in Iraq is lowering the price of their tickets. Electricity says the same thing...trying to lower prices. When a company slashes prices...doesn’t that tell you something? Charging 1 dinar? HOW? There will be a 1 Dinar when the lower denoms come out and 1 dinar coin (brown in color)...and a Fil...these things are coming. [post 1 of 2....stay tuned]
4-12-2017 Intel Guru Delta ...I monitor the CBI Arabic site. I have more confirmation...when the rate changes...on the Arabic side...they will send a memo to the bank...every bank before the change occurs. According to the IMF...this must happen...banks to make the change either just before they open OR just after they close. We might be able to know 24 hours or 10 hours before they open by monitoring the CBI website. The new rate of the CBI website would probably show up after business hours...so in America it would probably show up at night. The CBI spreadsheet... the rate for February / March shows the exchange rate around 87 cents.
4-12-2017 Intel Guru RayRen98 ...we are in a waiting period to see what happens next. Prices have changed in Iraq, such as the airlines adjusting their rates, cell phone companies, and even some employers changing their salaries. I have heard those things, but I haven’t received that information directly. We’re at a stage in this process where the information seems to indicate progress; the wheels are turning and that’s what we want to see. Even our best intel sources cannot call this at an exact time. Our best sources are saying Good Friday will be the best for years… I’m excited.
4-12-2017 Newshound/Intel Guru Mnt Goat ...we were just told today in the news that Mosul is 90% liberated now and we have watched many of the other provinces return to control of the GOI and their security situations improve. We also have seen an amazing change in the political and legal environment since PM Abadi has taken office in 2014 as he worked with the IMF towards set goals. New banking and financial practices have been put in place and loans to help the struggling economy. So we have seen great changes which make me believe the articles is more of summarizing all the items they have already accomplished than what needs to be done. From everything else I am reading in the news too, I believe these major changes are now triggering a necessity for a very significant change to the Iraqi dinar value. But many will say that all the needed laws are not yet in place and I agree...there are some laws that still need to be put in place. [post 2 of 2]
4-12-2017 Newshound/Intel Guru Mnt Goat ...we do know as FACT is that the USA and the IMF has told us they need a fully implemented Iraqi constitution or they can not get “fully” out of sanctions. We just recently read articles too about Abadi meeting with the IMF to settle why they can’t get out of Chapter VII. Do you think this is all coincidental on the timing of these efforts? We should all know that one of THE MOST IMPORTANT parts is the HCL and Article 140 since these are the most contentious. ...the PTB knows that the biggest asset of Iraq is the oil. So are they going to forget about managing this life-blood of Iraq before releasing Iraq back into the global economy? NO! [post 1 of 2....stay tuned]
4-12-2017 Intel Guru Frank26 ...for that last week of April...[27, 28, 29]...That’s when I believe in my heart that the Iraqi Dinar might actually be sent into the international world with an international rate. The articles...told you that this was their goal....To get to 1000:1 and then to 1:1. ...When it leaves the borders, when it jumps across that fence, that 1:1 in my opinion is going to climb. And there are the articles that have told us that it’s maybe about 1.14 or 1.17. In my opinion: no! No, I told you that everything has been doubled.
4-12-2017 Newshound Guru Aggiedad77 Article: "«Iraq» is moving to cut its flights ticket prices" first phone cards...then SIM cards...then flight tickets...electricity ...what could possibly be next...just do it...
4-12-2017 Intel Guru RayRen98 [Has there been any discussion of the old Saddam currency?] That is not going to be good for anything, RV-wise. It might be good for a collector, but the only currency that is good for revaluation is 2003 currency and later.
4-12-2017 Newshound Guru Kaperoni Article: "Jubouri Kubiche: The victory of the security forces returned to the political stability of the country" ...if Iraq was waiting for this (as they have said over and over) then yes, it should be a sign of good things to come. That being said, I continue to believe the CBI must meet compliance with the IMF before anything currency related can occur... and they are not in compliance.
4-12-2017 Intel Guru RayRen98 ...we are in a waiting period to see what happens next. Prices have changed in Iraq, such as the airlines adjusting their rates, cell phone companies, and even some employers changing their salaries. I have heard those things, but I haven’t received that information directly. We’re at a stage in this process where the information seems to indicate progress; the wheels are turning and that’s what we want to see. Even our best intel sources cannot call this at an exact time. Our best sources are saying Good Friday will be the best for years… I’m excited.
4-12-2017 Newshound/Intel Guru Mnt Goat ...we were just told today in the news that Mosul is 90% liberated now and we have watched many of the other provinces return to control of the GOI and their security situations improve. We also have seen an amazing change in the political and legal environment since PM Abadi has taken office in 2014 as he worked with the IMF towards set goals. New banking and financial practices have been put in place and loans to help the struggling economy. So we have seen great changes which make me believe the articles is more of summarizing all the items they have already accomplished than what needs to be done. From everything else I am reading in the news too, I believe these major changes are now triggering a necessity for a very significant change to the Iraqi dinar value. But many will say that all the needed laws are not yet in place and I agree...there are some laws that still need to be put in place. [post 2 of 2]
4-12-2017 Newshound/Intel Guru Mnt Goat ...we do know as FACT is that the USA and the IMF has told us they need a fully implemented Iraqi constitution or they can not get “fully” out of sanctions. We just recently read articles too about Abadi meeting with the IMF to settle why they can’t get out of Chapter VII. Do you think this is all coincidental on the timing of these efforts? We should all know that one of THE MOST IMPORTANT parts is the HCL and Article 140 since these are the most contentious. ...the PTB knows that the biggest asset of Iraq is the oil. So are they going to forget about managing this life-blood of Iraq before releasing Iraq back into the global economy? NO! [post 1 of 2....stay tuned]
4-12-2017 Intel Guru Frank26 ...for that last week of April...[27, 28, 29]...That’s when I believe in my heart that the Iraqi Dinar might actually be sent into the international world with an international rate. The articles...told you that this was their goal....To get to 1000:1 and then to 1:1. ...When it leaves the borders, when it jumps across that fence, that 1:1 in my opinion is going to climb. And there are the articles that have told us that it’s maybe about 1.14 or 1.17. In my opinion: no! No, I told you that everything has been doubled.
4-12-2017 Newshound Guru Aggiedad77 Article: "«Iraq» is moving to cut its flights ticket prices" first phone cards...then SIM cards...then flight tickets...electricity ...what could possibly be next...just do it...
4-12-2017 Intel Guru RayRen98 [Has there been any discussion of the old Saddam currency?] That is not going to be good for anything, RV-wise. It might be good for a collector, but the only currency that is good for revaluation is 2003 currency and later.
4-12-2017 Newshound Guru Kaperoni Article: "Jubouri Kubiche: The victory of the security forces returned to the political stability of the country" ...if Iraq was waiting for this (as they have said over and over) then yes, it should be a sign of good things to come. That being said, I continue to believe the CBI must meet compliance with the IMF before anything currency related can occur... and they are not in compliance.
4-11-2017 Intel Guru Frank26 [via Mary] They are moving in the right direction of the MR. I think that there are many pieces, there are many parts to it. They’re right in front of our eyes...I mean it’s very obvious what they’re doing. I think that they are adding purchasing power. Inside of the country, they’re adding purchasing power. But when the rate goes up, it leaves the country to add value power. Inside the country a dinar is a dinar is a dinar; you know that story. Once it leaves the country, the value of that currency against other currencies is going to go very high. That’s why they are going to managed float, fixed float – whatever word you want to use - to control that so that they don’t have the same mistake that they went through with Kuwait. Been there, done there – Jack Lew made sure of this in my opinion.
4-11-2017 Intel Guru Dr. Clarke In our View...APRIL IS THE MONTH. ...we...feel that things will escalate, with the "NEWS YOU'VE BEEN WAITING TO HEAR", toward April 30, 2017 (Sunday)...Maybe a PUBLIC Substantial Rate Increase, AND Maybe the Official announcement of Mosul's Liberation, and all of Iraq's Freedom from Daesh...NOT necessarily in that Order. "PUBLIC" being the Necessary Word. "APRIL Showers, bring MAY Flowers"...which we Already Knew...but something is different NOW. Our "take away", was that while April does begin producing some Flowers, the ones in May, are always More Bountiful, Beautiful and Abundant, because they've been watered, nurtured, aged and fully matured...well to remember, as we have 3 more weeks left in the month of April. FRIENDS, the Middle East "REGION", is now in a Very Good Place...better than most think, for what you want. The Asian "REGION" is soon to be, better than most think...also for what you want...Wait for it. But, not Long. Remember MAY, in your calculations.
4-11-2017 Newshound Guru mike Article: "Head of the IMF mission's (term) interest peg to the dollar rather than a large reduction of the Iraqi economy" Throughout the article the speaker repeatedly references the SBA the US and the Iraqi's have. So far, all Iraq's done is take the support the US has offered in the SBA, but they've done very little outside the scope of the Anti Money Laundering (AML). They need to restructure the state banks and create the legislation to facilitate the open market economy. I don't do rates or dates but we're stuck in a hold pattern until Iraq initiates their side of the SBA. The ball is and always has been in the Iraqi's court, we just need the political will for change, so far, we've seen some movement but not near enough for a open market economy. Abadi and the rest of Iraq are still clinging to Saddam's centralized economic model, it's all they know. IMO.
4-11-2017 Newshound/Intel Guru BGG [...I saw the ad for Zain prepaid phone cards in denominations of 250, 500, and 1000 IQD. I would assume they would be similar to 25, 50, and 100 dollar cards. Is this then telling us they are removing 1 zero and not 3? Not sure what to think.] Could just be moving toward increased value. I highly doubt they "take off one zero" since the whole "three zeros project" isn't about nominal value - or moving the decimal point. It's about increasing the value.
4-11-2017 Intel Guru Frank26 On the NEXT PAY TIME FRAME...which I can’t share with you..uh oh...During this time frame, the citizens will explode with excitement now that they will get more purchasing power. This is NOT a mistake. Zain is NOT dropping their rates as a mistake. They are privy to know that Iraq is going to drop their zeros. These companies obviously know something is about to change...Right before your eyes...in this month of April. Yes [Guru] Delta, they are about to “do it”. In Lebanon, they had a financial conference, talked about the exchange rate ...and IMO...they are doing it. [post 3 of 3]
4-11-2017 Intel Guru Frank26 When Sims did a 90% decrease – they are NOT doing this to lose money...they are doing it to ADJUST ACCORDINGLY to the rates inside of Iraq right now. A 90% decrease sends a HUGE message. A change is about to occur. Zain and Sims don’t want to stay at a high rate when the value changes...or the competitors would win. This is an amazing move. To go from 10,000 dinars down to 1,000 dinars. There was an order given to my friends, who own a business in Baghdad...that they had to change their pay scale to 1,000 to 1. Right now, I believe they have moved to the next step. No fractional banking...1,000 to 1. [post 2 of 3....stay tuned]
4-11-2017 Intel Guru Frank26 MASTERCARD is extremely successful. So is VISA. Very powerful companies when it comes to banking. MASTERCARD is a banking service. This banking service is going to bridge the IQD inside of Iraq to the international world outside of its borders. MASTERCARD is the bridge to those trapped inside of Iraq right now. MASTERCARD is not just for internationalism, but I will say that is what Iraq is right now. The IQD can now be wired outside of the country...but who wants it right now? ...or do they? The ATM will use the MASTERCARD service. MASTERCARD will also be used for a government payroll system, and the citizens too...IMO...they are INTERNATIONAL RIGHT NOW...only in country...and once that rate goes...OH BUDDY! [post 1 of 3....stay tuned]
4-11-2017 Intel Guru Delta MASTERCARD...about 2 or 3 days ago...we got the info...started showing the IQD in their system. Still shows their program... .000888 is what it shows right now...and goes up and down. I researched MASTERCARD...it started showing IQD in October 2016. If you go back about a year, if you put in October 13, 2016...you’ll see that MASTERCARD says that the IQD was not available then. We all know why...the CBI had to put things on hold. The CBI is connected internationally to MASTERCARD...we know that MASTERCARD is international. They cannot go Article VIII without changing their rate (international). If you go to the VISA website...you’ll see the IQD too. In my opinion, the CBI is about to do it.
4-11-2017 Newshound Guru Kaperoni Delegation from US Congress visiting Iraq says..."Iraq on the verge of a big boom."
4-11-2017 Newshound Guru loop Article: "Head of the IMF mission's (term) interest peg to the dollar rather than a large reduction of the Iraqi economy" The head of the IMF mission in Iraq is answering questions. THe IMF is saying that to decrease the value of the dinar against the dollar would only lead to inflation and that the CBI has the needed reserves to support the economy. [we certainly dont want it devalued any more.] It won't. THere is no reason for it. Their economy is expanding so why on earth would the throw it into reverse? Just like I do not think a float is going to happen. They also are saying that there is no issue with the debt that they have taken on to support the country as long as the follow the process as outlined in the SBA.
4-11-2017 Intel Guru Dr. Clarke In our View...APRIL IS THE MONTH. ...we...feel that things will escalate, with the "NEWS YOU'VE BEEN WAITING TO HEAR", toward April 30, 2017 (Sunday)...Maybe a PUBLIC Substantial Rate Increase, AND Maybe the Official announcement of Mosul's Liberation, and all of Iraq's Freedom from Daesh...NOT necessarily in that Order. "PUBLIC" being the Necessary Word. "APRIL Showers, bring MAY Flowers"...which we Already Knew...but something is different NOW. Our "take away", was that while April does begin producing some Flowers, the ones in May, are always More Bountiful, Beautiful and Abundant, because they've been watered, nurtured, aged and fully matured...well to remember, as we have 3 more weeks left in the month of April. FRIENDS, the Middle East "REGION", is now in a Very Good Place...better than most think, for what you want. The Asian "REGION" is soon to be, better than most think...also for what you want...Wait for it. But, not Long. Remember MAY, in your calculations.
4-11-2017 Newshound Guru mike Article: "Head of the IMF mission's (term) interest peg to the dollar rather than a large reduction of the Iraqi economy" Throughout the article the speaker repeatedly references the SBA the US and the Iraqi's have. So far, all Iraq's done is take the support the US has offered in the SBA, but they've done very little outside the scope of the Anti Money Laundering (AML). They need to restructure the state banks and create the legislation to facilitate the open market economy. I don't do rates or dates but we're stuck in a hold pattern until Iraq initiates their side of the SBA. The ball is and always has been in the Iraqi's court, we just need the political will for change, so far, we've seen some movement but not near enough for a open market economy. Abadi and the rest of Iraq are still clinging to Saddam's centralized economic model, it's all they know. IMO.
4-11-2017 Newshound/Intel Guru BGG [...I saw the ad for Zain prepaid phone cards in denominations of 250, 500, and 1000 IQD. I would assume they would be similar to 25, 50, and 100 dollar cards. Is this then telling us they are removing 1 zero and not 3? Not sure what to think.] Could just be moving toward increased value. I highly doubt they "take off one zero" since the whole "three zeros project" isn't about nominal value - or moving the decimal point. It's about increasing the value.
4-11-2017 Intel Guru Frank26 On the NEXT PAY TIME FRAME...which I can’t share with you..uh oh...During this time frame, the citizens will explode with excitement now that they will get more purchasing power. This is NOT a mistake. Zain is NOT dropping their rates as a mistake. They are privy to know that Iraq is going to drop their zeros. These companies obviously know something is about to change...Right before your eyes...in this month of April. Yes [Guru] Delta, they are about to “do it”. In Lebanon, they had a financial conference, talked about the exchange rate ...and IMO...they are doing it. [post 3 of 3]
4-11-2017 Intel Guru Frank26 When Sims did a 90% decrease – they are NOT doing this to lose money...they are doing it to ADJUST ACCORDINGLY to the rates inside of Iraq right now. A 90% decrease sends a HUGE message. A change is about to occur. Zain and Sims don’t want to stay at a high rate when the value changes...or the competitors would win. This is an amazing move. To go from 10,000 dinars down to 1,000 dinars. There was an order given to my friends, who own a business in Baghdad...that they had to change their pay scale to 1,000 to 1. Right now, I believe they have moved to the next step. No fractional banking...1,000 to 1. [post 2 of 3....stay tuned]
4-11-2017 Intel Guru Frank26 MASTERCARD is extremely successful. So is VISA. Very powerful companies when it comes to banking. MASTERCARD is a banking service. This banking service is going to bridge the IQD inside of Iraq to the international world outside of its borders. MASTERCARD is the bridge to those trapped inside of Iraq right now. MASTERCARD is not just for internationalism, but I will say that is what Iraq is right now. The IQD can now be wired outside of the country...but who wants it right now? ...or do they? The ATM will use the MASTERCARD service. MASTERCARD will also be used for a government payroll system, and the citizens too...IMO...they are INTERNATIONAL RIGHT NOW...only in country...and once that rate goes...OH BUDDY! [post 1 of 3....stay tuned]
4-11-2017 Intel Guru Delta MASTERCARD...about 2 or 3 days ago...we got the info...started showing the IQD in their system. Still shows their program... .000888 is what it shows right now...and goes up and down. I researched MASTERCARD...it started showing IQD in October 2016. If you go back about a year, if you put in October 13, 2016...you’ll see that MASTERCARD says that the IQD was not available then. We all know why...the CBI had to put things on hold. The CBI is connected internationally to MASTERCARD...we know that MASTERCARD is international. They cannot go Article VIII without changing their rate (international). If you go to the VISA website...you’ll see the IQD too. In my opinion, the CBI is about to do it.
4-11-2017 Newshound Guru Kaperoni Delegation from US Congress visiting Iraq says..."Iraq on the verge of a big boom."
4-11-2017 Newshound Guru loop Article: "Head of the IMF mission's (term) interest peg to the dollar rather than a large reduction of the Iraqi economy" The head of the IMF mission in Iraq is answering questions. THe IMF is saying that to decrease the value of the dinar against the dollar would only lead to inflation and that the CBI has the needed reserves to support the economy. [we certainly dont want it devalued any more.] It won't. THere is no reason for it. Their economy is expanding so why on earth would the throw it into reverse? Just like I do not think a float is going to happen. They also are saying that there is no issue with the debt that they have taken on to support the country as long as the follow the process as outlined in the SBA.
4-10-2017 Intel Guru RayRen98 In addition, there are price drops going on in Iraq. Usually when a company drops the prices, there is a motivation – they are doing a blue light special or going out of business. That is not happening in Iraq; they would only to drop prices if the currency has a stronger value. These are big drops, like from ten thousand down to one thousand dinar. In the US, rate situations in some banks; some are telling customers this morning that rates are not available because the currencies are changing values. That’s what it says on the screens! Is that going to be for the next two weeks or two months? If it’s on hold today due to changing values, I don’t think it will take that long. What do you think? The writing is clearly on the wall. We are just waiting. [post 2 of 2]
4-10-2017 Intel Guru RayRen98 There is the Finance Conference today and tomorrow, removing the restrictions. Iraqi television is making citizens aware that new notes are being printed – up to 11 billion dinars, and the majority in lower denominations. What would they need those lower denoms for if the currency has not changed, or intends to change. All those reporting on Qi card activity say it’s in the $6 range or so. Everyone will agree that Chapter VII has been lifted, and that will be public if it hasn’t been already. [post 1 of 2....stay tuned]
4-10-2017 Newshound Guru Kaperoni Article: "Head of the IMF mission's (term) interest peg to the dollar rather than a large reduction of the Iraqi economy" So the IMF is telling this guy it is not time to float the dinar. They need to continue to develop the business climate to create a market economy.
4-10-2017 Intel Guru Backdoc RECENTLY SOMEONE ASKED A QUESTION ABOUT THE RATE CONVERSIONS AND THAT THEY DIDNT UNDERSTAND IT... THE ANSWER WAS SIMPLE, IT IS SIMPLY A VALUE CHANGE THAT WILL OCCUR ON THE DIGITAL CARDS. REMEMBER THERE ARE NO MORE SALARIES OR PAYMENTS MADE IN PAPER. THE DIGITAL DINAR HAS PLAYED A MAJOR ROLE IN REDUCING THE NOTE COUNT IN THESE LAST FEW DAYS. THIS SHOULD GIVE US GREAT CONFIDENCE OF WHAT [GURU] FRANK AND [GURU] DELTA ARE NOW SHARING AS THE VALUE BEGINS TO ADJUST! WITHIN 90 DAYS WE SHOULD SEE VALUE REACH MATURITY. [post 2 of 2]
4-10-2017 Intel Guru Backdoc THE CASH FOOTPRINT IS EVAPORATING BEFORE YOUR EYES! THE IRAQI GOVERNMENT ALREADY TOLD YOU THAT ALL PAYMENTS FROM THE GOVERNMENT WOULD NOW BE IN DIGITAL FORMAT NOT CASH. THE BANKS ARE DOING THE SAME. I ASSURE YOU ALL LARGER BUSINESSES WILL BE INSTRUCTED TO DO THE SAME. THEREFORE THE FACE PAPER IS BEING SUCKED UP BEFORE THEIR EYES. [post 1 of 2....stay tuned]
4-10-2017 Newshound/Intel Guru Mnt Goat Article: "Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars" This is the news my contact in the CBI told me I would have to wait for when I asked many of these very same questions. So I sort of knew this article was coming out shortly and thus here it is...here it is in black and white from the CBI. What does the CBI say that is so important? They are telling us the CBI has to conduct their educational campaign for the citizens in how to recognized the old notes from the newer notes that will be launched. It can’t be any clearer folks...
4-10-2017 Intel Guru RayRen98 Iraq’s Finance Conference will be today and tomorrow, one of the main discussions will be the removal of restrictions. Iraqi TV reports the printing of new notes, mostly lower denoms, in the amount of 11 billion. (Hmmmm, that’s a whole lot of lower denoms in that batch...I wonder why?) Are you ready?
4-10-2017 Intel Guru Frank26 IMO, they are preparing to show you the true rate of the currency because the program rate is not the true rate. The IMF has told you the CBI is obligated to do their physical and financial reforms and they were told to lift the restrictions of their currency and to give their currency it's true value. I do not believe they are disobeying in the month of April. Consider the financial conference in Lebenon...on the agenda of the CB/IMF meetings is to eliminate their exchange rate restrictions. They just printed 11 billion 600 million dinars. Why such a small amount and why tell us now? IMO, it's not the paper note count that is important, it is the value of the lower denoms and they are part of the sequence that's coming up next. All of this hinting is because they are going to release a new rate for their currency. Based on just this, imagine what the rate will be when it's international outside of Iraq. 1-1? No. Higher? Yes, IMO.
4-10-2017 Newshound Guru Aggiedad77 Articles: "Jumaili Kubis discuss national reconciliation and plans for the reconstruction of the affected areas" "Experts live the Iraqi economy 14 years after the fall of Saddam" "Vice calls for the adoption of the standards of the World Bank to support the economy" ...how many different ways can they tell the world what they are about to do... Notice any pattern changes...so little about Mosul...so little about terrorism...but big time articles on reconstruction, reconciliation...the subtle hints of changes...the not-so subtle hints of their intentions...
4-10-2017 Newshound/Intel Guru BGG ...they have no intent on bringing out any bigger note classes - THEY DON'T NEED IT... value is going the other way...nowhere in there does it mention Article 140 - HCL - or anything else... nor does it bother to mention any laws needing passed... just a few changes. (aka - AMENDMENTS) [Also key phrase is "where it should be FOLLOWED by" Meaning the laws should be changed AFTER.] BINGO! money first - laws AFTER! why? They need to get this done now! This is about as much heads up as they are willing to give anyone...if they change the laws ahead of time - EVERYONE WILL KNOW. BIGGEST PIECE YET...here it comes... "On the other hand, the technical preparations are underway by us." Meaning - on the other side of everything he's said so far... they are and have been already making technical preparations (by the CBI). Pretty plain - if you ask me...pretty huge news... [post 2 of 2]
4-10-2017 Intel Guru RayRen98 There is the Finance Conference today and tomorrow, removing the restrictions. Iraqi television is making citizens aware that new notes are being printed – up to 11 billion dinars, and the majority in lower denominations. What would they need those lower denoms for if the currency has not changed, or intends to change. All those reporting on Qi card activity say it’s in the $6 range or so. Everyone will agree that Chapter VII has been lifted, and that will be public if it hasn’t been already. [post 1 of 2....stay tuned]
4-10-2017 Newshound Guru Kaperoni Article: "Head of the IMF mission's (term) interest peg to the dollar rather than a large reduction of the Iraqi economy" So the IMF is telling this guy it is not time to float the dinar. They need to continue to develop the business climate to create a market economy.
4-10-2017 Intel Guru Backdoc RECENTLY SOMEONE ASKED A QUESTION ABOUT THE RATE CONVERSIONS AND THAT THEY DIDNT UNDERSTAND IT... THE ANSWER WAS SIMPLE, IT IS SIMPLY A VALUE CHANGE THAT WILL OCCUR ON THE DIGITAL CARDS. REMEMBER THERE ARE NO MORE SALARIES OR PAYMENTS MADE IN PAPER. THE DIGITAL DINAR HAS PLAYED A MAJOR ROLE IN REDUCING THE NOTE COUNT IN THESE LAST FEW DAYS. THIS SHOULD GIVE US GREAT CONFIDENCE OF WHAT [GURU] FRANK AND [GURU] DELTA ARE NOW SHARING AS THE VALUE BEGINS TO ADJUST! WITHIN 90 DAYS WE SHOULD SEE VALUE REACH MATURITY. [post 2 of 2]
4-10-2017 Intel Guru Backdoc THE CASH FOOTPRINT IS EVAPORATING BEFORE YOUR EYES! THE IRAQI GOVERNMENT ALREADY TOLD YOU THAT ALL PAYMENTS FROM THE GOVERNMENT WOULD NOW BE IN DIGITAL FORMAT NOT CASH. THE BANKS ARE DOING THE SAME. I ASSURE YOU ALL LARGER BUSINESSES WILL BE INSTRUCTED TO DO THE SAME. THEREFORE THE FACE PAPER IS BEING SUCKED UP BEFORE THEIR EYES. [post 1 of 2....stay tuned]
4-10-2017 Newshound/Intel Guru Mnt Goat Article: "Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars" This is the news my contact in the CBI told me I would have to wait for when I asked many of these very same questions. So I sort of knew this article was coming out shortly and thus here it is...here it is in black and white from the CBI. What does the CBI say that is so important? They are telling us the CBI has to conduct their educational campaign for the citizens in how to recognized the old notes from the newer notes that will be launched. It can’t be any clearer folks...
4-10-2017 Intel Guru RayRen98 Iraq’s Finance Conference will be today and tomorrow, one of the main discussions will be the removal of restrictions. Iraqi TV reports the printing of new notes, mostly lower denoms, in the amount of 11 billion. (Hmmmm, that’s a whole lot of lower denoms in that batch...I wonder why?) Are you ready?
4-10-2017 Intel Guru Frank26 IMO, they are preparing to show you the true rate of the currency because the program rate is not the true rate. The IMF has told you the CBI is obligated to do their physical and financial reforms and they were told to lift the restrictions of their currency and to give their currency it's true value. I do not believe they are disobeying in the month of April. Consider the financial conference in Lebenon...on the agenda of the CB/IMF meetings is to eliminate their exchange rate restrictions. They just printed 11 billion 600 million dinars. Why such a small amount and why tell us now? IMO, it's not the paper note count that is important, it is the value of the lower denoms and they are part of the sequence that's coming up next. All of this hinting is because they are going to release a new rate for their currency. Based on just this, imagine what the rate will be when it's international outside of Iraq. 1-1? No. Higher? Yes, IMO.
4-10-2017 Newshound Guru Aggiedad77 Articles: "Jumaili Kubis discuss national reconciliation and plans for the reconstruction of the affected areas" "Experts live the Iraqi economy 14 years after the fall of Saddam" "Vice calls for the adoption of the standards of the World Bank to support the economy" ...how many different ways can they tell the world what they are about to do... Notice any pattern changes...so little about Mosul...so little about terrorism...but big time articles on reconstruction, reconciliation...the subtle hints of changes...the not-so subtle hints of their intentions...
4-10-2017 Newshound/Intel Guru BGG ...they have no intent on bringing out any bigger note classes - THEY DON'T NEED IT... value is going the other way...nowhere in there does it mention Article 140 - HCL - or anything else... nor does it bother to mention any laws needing passed... just a few changes. (aka - AMENDMENTS) [Also key phrase is "where it should be FOLLOWED by" Meaning the laws should be changed AFTER.] BINGO! money first - laws AFTER! why? They need to get this done now! This is about as much heads up as they are willing to give anyone...if they change the laws ahead of time - EVERYONE WILL KNOW. BIGGEST PIECE YET...here it comes... "On the other hand, the technical preparations are underway by us." Meaning - on the other side of everything he's said so far... they are and have been already making technical preparations (by the CBI). Pretty plain - if you ask me...pretty huge news... [post 2 of 2]
4-9-2017 Newshound/Intel Guru BGG The BIGGEST article of the day... "Director of the Issuance Department of the Central Bank: Printed currency volume exceeds 11 billion and 600 million dinars" (the title is a little weak for the content of the article)...the title should have read RV- RV- RV!! Quote: "Most of the Iraqi Central Bank steps are subject to political and legal environment of the country, especially in regard to the deletion of zeros..." ...this is what you are after - EXACTLY. PERIOD. it's isn't a removing of the 000 from the notes...it isn't a changing of the DECIMAL POINT...it isn't a change in the nominal value...IT'S A CHANGING OF THE REAL VALUE and A BRINGING IN OF THE BIG NOTES... "...deleting the big 000 notes from the market place" = RV. [post 1 of 2....stay tuned]
4-9-2017 Intel Guru Delta FROM IRAQI TV: "Reduce the prices of wireless segments from 10 thousand to 1,000 dinars only." IQD INCREASING IN VALUE...MORE PURCHASING POWER ...THE NEWS IS FRESH WE SHOULD GET MORE INFO. IMO...CBI IS ABOUT TO DO IT!
4-9-2017 Newshound Guru mike Article: "The Social Fund for Development .. Development Experience an investment vision" More loans, it appears the IMF is going to give another $13 billion to these guys. An open market economy that contributes to all of Iraq will take years to develop, now is the time to create the framework and implement the policy. Talking about it isn't good enough anymore.
4-9-2017 Newshound/Intel Guru Mnt Goat Article: "Security Expert: Full Victory in Mosul includes Check on Sleeper Cells" Is Mosul now “fully” liberated? - NO it is not. Large military operations have ended but now they have to clean out these sleeper cells. They told us last week in an article it would take about 2 weeks to do this job.
4-9-2017 Intel Guru ADMINBILL THE EVENT APPEARS TO BE ON OUR FRONT DOOR. THE ACTUAL DAY REMAINS A MYSTERY.
4-9-2017 Newshound Guru mike Article: "Progress Institute assesses the symposium on the business environment and development prospects in Iraq" It's cool that these kinds of symposium's occur, but they seem to be more focused on qualifying for loans than an actual move to an open market economy. We need Iraq's legislative branch, Parliament, to get to work on creating the environment for success and let go of the tired, centralized system that has failed them now that oil prices are where they are. It's not like Iraq is reinventing the wheel, the Eastern Bloc countries in Europe have done it. So has Poland, Russia and the Chinese. What we're missing is political will to make change. Your move, Abadi.
4-9-2017 Newshound/Intel Guru Mnt Goat "Outlook upgrade could help push Iraq's economic evolution to its next step" Quote: "War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests." Ratings agency Fitch upgraded last month Iraq's outlook to stable, based largely on the country's improving public finances. WOW! Are you excited yet?
4-9-2017 Intel Gurus Delta MASTERCARD SHOWING IQD NOW. 1 IQD = 0.000888 USD. ANOTHER ONE IS SHOWING NOW BLOOMBERG...COME ON CBI JUST DO IT.
4-9-2017 Intel Guru Delta FROM IRAQI TV: "Reduce the prices of wireless segments from 10 thousand to 1,000 dinars only." IQD INCREASING IN VALUE...MORE PURCHASING POWER ...THE NEWS IS FRESH WE SHOULD GET MORE INFO. IMO...CBI IS ABOUT TO DO IT!
4-9-2017 Newshound Guru mike Article: "The Social Fund for Development .. Development Experience an investment vision" More loans, it appears the IMF is going to give another $13 billion to these guys. An open market economy that contributes to all of Iraq will take years to develop, now is the time to create the framework and implement the policy. Talking about it isn't good enough anymore.
4-9-2017 Newshound/Intel Guru Mnt Goat Article: "Security Expert: Full Victory in Mosul includes Check on Sleeper Cells" Is Mosul now “fully” liberated? - NO it is not. Large military operations have ended but now they have to clean out these sleeper cells. They told us last week in an article it would take about 2 weeks to do this job.
4-9-2017 Intel Guru ADMINBILL THE EVENT APPEARS TO BE ON OUR FRONT DOOR. THE ACTUAL DAY REMAINS A MYSTERY.
4-9-2017 Newshound Guru mike Article: "Progress Institute assesses the symposium on the business environment and development prospects in Iraq" It's cool that these kinds of symposium's occur, but they seem to be more focused on qualifying for loans than an actual move to an open market economy. We need Iraq's legislative branch, Parliament, to get to work on creating the environment for success and let go of the tired, centralized system that has failed them now that oil prices are where they are. It's not like Iraq is reinventing the wheel, the Eastern Bloc countries in Europe have done it. So has Poland, Russia and the Chinese. What we're missing is political will to make change. Your move, Abadi.
4-9-2017 Newshound/Intel Guru Mnt Goat "Outlook upgrade could help push Iraq's economic evolution to its next step" Quote: "War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests." Ratings agency Fitch upgraded last month Iraq's outlook to stable, based largely on the country's improving public finances. WOW! Are you excited yet?
4-9-2017 Intel Gurus Delta MASTERCARD SHOWING IQD NOW. 1 IQD = 0.000888 USD. ANOTHER ONE IS SHOWING NOW BLOOMBERG...COME ON CBI JUST DO IT.
4-8-2017 Newshound Guru MadDScout Article: "Rasheed Bank directs its branches to open documentary credits to public and private sector companies" Another way of getting business used to the banks. There is gobs of banking reform news out there. ...it has not always been this way. These are the many gears that are turning So to ask about hold ups is to not have a good grasp on what this whole situation encompasses.
4-8-2017 Newshound Guru mike Article: "Kurdistan Regional Government: Time for a "friendly divorce" with Baghdad" I think the Kurd's move is brilliant, they're going to use the leverage they gained by protecting Kirkuk and the northern regions because of Baghdad's inability to engage the enemy and defend them from ISIL. They just handed the territory involved in Article 140 to the Kurd's on a silver platter. All Baghdad has to do is implement the HCL from 2007, decentralize the oil in the country, allow the provinces to have more in determining who drills where and share the oil wealth with the whole country. They also need to recognize Article 140, it's pretty clear the Kurd's aren't going to just hand over the lands they captured from ISIL to Baghdad, at least then they would be part of the process instead of outside looking in at the Kurd's as they move towards independence.
4-8-2017 Newshound Guru MadDScout [As we look for signals of a rate change coming, are there any similarities we can find with other countries who have been through this?] ...I would say this is a very unique situation, as compared with other countries situations, and as [Guru] BGG put's it, "there is no actionable intel".
4-8-2017 Newshound Guru 1bobby Article: "Office: Abadi agreed with the delegation of the Kurdistan Region to remove obstacles that prevented the activation of Article 140" The infamous Art 140 is in the Constitution, just not activated and or implemented. Now 140 does not cover all of Iraq, just Kirkuk and the disputed territories, Kikuk being ground zero. With Abadi agreeing to remove all obstacles to implement 140 is a HUGE step forward and something the Kurds can work with. Now while there are numerous cities/districts covered under 140, Kirkuk is the main concern. Kirkuk sits atop one of the largest oil reserves in Iraq, most reports estimate over 40 billion barrels of oil. ...If Abadi is willing to remove the obstacles, then the Kurds will control Kirkuk. This action does not require a Parliamentary vote since it's already in the Constitution. What Baghdad wants is what the constitution states "All oil within Iraq belongs to all Iraqi's"...So if the Kurds get what they want, Baghdad will want all oil proceeds to flow thru Baghdad and then %'s will be distributed accordingly. We'll just have to let this play out and see what they do, not what they say.
4-8-2017 Newshound Guru MadDScout [What's left before NEEDED to be taken off programmed rate?] Answer: Thats is what we are watching for. But from CBI (Alak's) view, they are looking for stability...social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
4-8-2017 Newshound Guru Kaperoni Article: "The call for legislation of "important" laws before the end of the parliamentary session" Quotes: "The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible," the bloc said in a statement." "noting that "the need to resolve to see the light soon." ...the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
4-8-2017 Newshound Guru mike Article: "Kurdistan Regional Government: Time for a "friendly divorce" with Baghdad" I think the Kurd's move is brilliant, they're going to use the leverage they gained by protecting Kirkuk and the northern regions because of Baghdad's inability to engage the enemy and defend them from ISIL. They just handed the territory involved in Article 140 to the Kurd's on a silver platter. All Baghdad has to do is implement the HCL from 2007, decentralize the oil in the country, allow the provinces to have more in determining who drills where and share the oil wealth with the whole country. They also need to recognize Article 140, it's pretty clear the Kurd's aren't going to just hand over the lands they captured from ISIL to Baghdad, at least then they would be part of the process instead of outside looking in at the Kurd's as they move towards independence.
4-8-2017 Newshound Guru MadDScout [As we look for signals of a rate change coming, are there any similarities we can find with other countries who have been through this?] ...I would say this is a very unique situation, as compared with other countries situations, and as [Guru] BGG put's it, "there is no actionable intel".
4-8-2017 Newshound Guru 1bobby Article: "Office: Abadi agreed with the delegation of the Kurdistan Region to remove obstacles that prevented the activation of Article 140" The infamous Art 140 is in the Constitution, just not activated and or implemented. Now 140 does not cover all of Iraq, just Kirkuk and the disputed territories, Kikuk being ground zero. With Abadi agreeing to remove all obstacles to implement 140 is a HUGE step forward and something the Kurds can work with. Now while there are numerous cities/districts covered under 140, Kirkuk is the main concern. Kirkuk sits atop one of the largest oil reserves in Iraq, most reports estimate over 40 billion barrels of oil. ...If Abadi is willing to remove the obstacles, then the Kurds will control Kirkuk. This action does not require a Parliamentary vote since it's already in the Constitution. What Baghdad wants is what the constitution states "All oil within Iraq belongs to all Iraqi's"...So if the Kurds get what they want, Baghdad will want all oil proceeds to flow thru Baghdad and then %'s will be distributed accordingly. We'll just have to let this play out and see what they do, not what they say.
4-8-2017 Newshound Guru MadDScout [What's left before NEEDED to be taken off programmed rate?] Answer: Thats is what we are watching for. But from CBI (Alak's) view, they are looking for stability...social, political, economic, security, take your pick as to how much of each of those goes into the criterion they are looking toward.
4-8-2017 Newshound Guru Kaperoni Article: "The call for legislation of "important" laws before the end of the parliamentary session" Quotes: "The oil and gas laws, the Reconstruction Council, the Federal Service Council and the Federal Court Act, as well as the amending law of the amnesty law, are among the most outstanding laws that should be resolved as soon as possible," the bloc said in a statement." "noting that "the need to resolve to see the light soon." ...the only wildcard is if the US, UN etc get involved. We have seen in the past when something must be passed, it is done so with a little pressure. If the doors are ready to open, be assured what law or laws need to be passed will get done.
4-7-2017 Intel Guru RayRen98 We have Army leaders making statements in Iraq, saying Mosul is 90% complete. Other Army leaders are saying it’s 100% with a few small pockets still to be cleaned out. ...the UN and Iraq have had talks about reconciliation as soon as Mosul is fully liberated. The television information says the Kurds are focused on Article 140, and others say that has nothing to do with it. Abadi says that Mosul will be complete in two weeks, and that the value of the currency is rising, possibly 6:1. Iraqi television is running an awareness campaign to make the citizens aware of the economic reforms and increase in purchasing power of the dinar. “This is what’s going to happen and this is how you need to handle it.” It’s either about to happen or it’s in process right now. Let’s see what happens this weekend; based on the information, next week may be THE week.
4-7-2017 Intel Guru Frank26 When they do FINALLY make the change on the CBI website to the 1 to 1...then the PHYSICAL part of the currencies monetary reform will happen through the lower denoms and the coins. 1,000 to 1 is simply an EASY CONVERSION state. This is BRILLIANT as far as I’m concerned. They are in the phase of their MR that is so unique...so powerful With their economic BOOM that they are bragging about...with oil...with industry..amazing! That is why their currency is REFLECTING 1,000 to 1 now in pay structure. Their currency was put in a position to be raised to reflect the true value of their oil and its dependability. It is likely to happen when the CBI raises the value of the IQD. [post 2 of 2]
4-7-2017 Intel Guru Frank26 ...they are in the process of REMOVING the 3 zero notes and USD’s. NO MORE USD’s are being given to anyone anywhere. This is part of the MR. When they show 1 to 1 on the CBI website...that is when they will draw in even more of the 3 zeros notes...because that is when the lower denoms and coins will come out...and not a single 3 zero note will work. ...this will not happen overnight. Yes...when it goes to 1 to 1...that will happen like “BOOM” overnight...but these notes they will run congruent for about 2 years until all of the 3 zeros are gone. IMF regulations state that they must lift the value of their currency...and also to educate the Iraqi citizens. [post 1 of 2....stay tuned]
4-7-2017 Newshound Guru MadDScout [Do they have to have the HCL passed before they RV and if so have it been voted on yet?] Answer: It appears no, on that question, HCL prior to currency shift. The HCL is a very complicated piece of legislation and envolves the administration of provinces and their resources. In order to do this there has to be a census, so that these areas are represented properly, and administered accordingly. There are many problems at present with getting this accomplished with the fight on terrorism still ongoing, and the issues of the displaced. Plus there is no set in stone number that will be returning so there is no way to "wing it".
4-7-2017 Intel Guru Bruce They have been paying their people a really good rate for a while now on their cards and those cards are being used internationally by citizens of Iraq. They are making moves to be completely ready for business internationally. Maybe they are waiting for the timing of Friday afternoon because you have several things that are happening. You have the Stock market which would close at 4 and kind of finish those last minute trades around 4:30 EST tomorrow. Based on the Intel I got, we are in a great position for this to come through the next couple of days. I really believe this should be a weekend we will remember. [post 2 of 2]
4-7-2017 Intel Guru Bruce We still are golden, but the timing is...stretching out a little bit longer than what we thought. I am still hearing very good things of tonight and the next few days. It is right there. I think we will have the result we are looking for. Iraq has already announced even on television yesterday morning that they had revalued their currency and it has a value 6 times of the US dollar. That is approximately correct. It is a little bit over that. ...we heard that a week ago, but they just brought that out on TV yesterday. Tomorrow [Friday] I think we will have some major announcement wise in the mosque. Maybe it includes the HCL law, Chapter 140. For the HCL...you have to have a rate. Well they got the rate. Now they have to make sure it is in the law...which it will be. I don’t think at this point we are waiting on Iraq. [post 1 of 2....stay tuned]
4-7-2017 Intel Guru RayRen98 Iraqi TV reports Abadi meeting with UN secretary and requesting removal of Chapter 7, completion for Mosul in 2 weeks, and that the currency should be in line with the wealth of the country.....at least 6 times more than present
4-7-2017 Newshound Guru MadDScout [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a "rate" by then. But IMO one doesn't equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
4-7-2017 Newshound Guru Kaperoni Article: "Abadi: Two months separating Iraq's exit from Chapter VII" [It would seem that Iraq's removal of Chapter 7 would occur before the dinar becomes marketable and begins to float...] ...though it's important for Iraq to have it's own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
4-7-2017 Intel Guru Frank26 When they do FINALLY make the change on the CBI website to the 1 to 1...then the PHYSICAL part of the currencies monetary reform will happen through the lower denoms and the coins. 1,000 to 1 is simply an EASY CONVERSION state. This is BRILLIANT as far as I’m concerned. They are in the phase of their MR that is so unique...so powerful With their economic BOOM that they are bragging about...with oil...with industry..amazing! That is why their currency is REFLECTING 1,000 to 1 now in pay structure. Their currency was put in a position to be raised to reflect the true value of their oil and its dependability. It is likely to happen when the CBI raises the value of the IQD. [post 2 of 2]
4-7-2017 Intel Guru Frank26 ...they are in the process of REMOVING the 3 zero notes and USD’s. NO MORE USD’s are being given to anyone anywhere. This is part of the MR. When they show 1 to 1 on the CBI website...that is when they will draw in even more of the 3 zeros notes...because that is when the lower denoms and coins will come out...and not a single 3 zero note will work. ...this will not happen overnight. Yes...when it goes to 1 to 1...that will happen like “BOOM” overnight...but these notes they will run congruent for about 2 years until all of the 3 zeros are gone. IMF regulations state that they must lift the value of their currency...and also to educate the Iraqi citizens. [post 1 of 2....stay tuned]
4-7-2017 Newshound Guru MadDScout [Do they have to have the HCL passed before they RV and if so have it been voted on yet?] Answer: It appears no, on that question, HCL prior to currency shift. The HCL is a very complicated piece of legislation and envolves the administration of provinces and their resources. In order to do this there has to be a census, so that these areas are represented properly, and administered accordingly. There are many problems at present with getting this accomplished with the fight on terrorism still ongoing, and the issues of the displaced. Plus there is no set in stone number that will be returning so there is no way to "wing it".
4-7-2017 Intel Guru Bruce They have been paying their people a really good rate for a while now on their cards and those cards are being used internationally by citizens of Iraq. They are making moves to be completely ready for business internationally. Maybe they are waiting for the timing of Friday afternoon because you have several things that are happening. You have the Stock market which would close at 4 and kind of finish those last minute trades around 4:30 EST tomorrow. Based on the Intel I got, we are in a great position for this to come through the next couple of days. I really believe this should be a weekend we will remember. [post 2 of 2]
4-7-2017 Intel Guru Bruce We still are golden, but the timing is...stretching out a little bit longer than what we thought. I am still hearing very good things of tonight and the next few days. It is right there. I think we will have the result we are looking for. Iraq has already announced even on television yesterday morning that they had revalued their currency and it has a value 6 times of the US dollar. That is approximately correct. It is a little bit over that. ...we heard that a week ago, but they just brought that out on TV yesterday. Tomorrow [Friday] I think we will have some major announcement wise in the mosque. Maybe it includes the HCL law, Chapter 140. For the HCL...you have to have a rate. Well they got the rate. Now they have to make sure it is in the law...which it will be. I don’t think at this point we are waiting on Iraq. [post 1 of 2....stay tuned]
4-7-2017 Intel Guru RayRen98 Iraqi TV reports Abadi meeting with UN secretary and requesting removal of Chapter 7, completion for Mosul in 2 weeks, and that the currency should be in line with the wealth of the country.....at least 6 times more than present
4-7-2017 Newshound Guru MadDScout [We have always heard when article 140 and HCL are put into place and activated we should see the rate within hours of implementation. We know Mosul is a key part. Can they implement HCL and Article 140 on a program rate?] Answer: That theory is old and unfounded, and tends to put events in the wrong order, according to what we know right now. Being as this is never mentioned in any of Alaks statements when asked about what the CBI needs to make full monetary reforms, I have put it out of my vocabulary. As to the third part of your question, can they implement 140 at program rate, I think it is so far in the future (Art140) they will have a "rate" by then. But IMO one doesn't equal the other. They are stand alone issues, unhinged one from another. Rate is only important to us.
4-7-2017 Newshound Guru Kaperoni Article: "Abadi: Two months separating Iraq's exit from Chapter VII" [It would seem that Iraq's removal of Chapter 7 would occur before the dinar becomes marketable and begins to float...] ...though it's important for Iraq to have it's own currency once sovereign, I do not think they are directly related. When the dinar floats is a more of a decision of the CBI based on monetary policy. IMO, I do not expect it to begin until just before foreign investment begins to pour into Iraq.
4-6-2017 Intel Guru Frank26 The goal is to de-dollarize the markets of Iraq. This will occur by doing 1,000 to 1...which IMO...is going on right now. When they do change the EXCHANGE RATE...to show 1 to 1...YES! ...at that time, they will introduce more dinars...but guess what kind? The LOWER-DENOMS. Not the 50k they are using in their pay. This process will be concurrent – (at the same time). We never said they were putting Iraqi notes back into the market. This process is to take those notes away from the market. You will NOT see this 1,000 to 1 on the CBI website...it is 1 to 1 that you will see someday on the CBI website ...IMO...that is VERY CLOSE ...right around the corner...because they are doing 1,000 to 1 right now. [post 2 of 2]
4-6-2017 Intel Guru Frank26 We are in the next step of the monetary reform... many asked why they were putting more IQD’s ...more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important...IT’S THE NOTE COUNT ...remember ONE 50k note ...would be equivalent to FIVE 10k notes...One 50k note...that they bring into the bank...because they are going to get it as “pay” – they would have to bring back FIVE 10k notes...would they not? [Reducing the note count] So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now. [post 1 of 2....stay tuned]
4-6-2017 Newshound Guru Adam Montana [...are we just pretty much waiting on the total liberation of Mosul or what? I know, I know...the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely "eradicated". The "war on terror" will never be "won", we can only hope to keep it at a "manageable level", and I believe we are pretty close to achieving that already, if not completely done achieving it.
4-6-2017 Intel Guru Frank26 [...just want to make sure I understand correctly...any country in history that went through a currency reval... redenom...etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We'll see the 1:1 at its appropriate time. Correct?] IMO...Yes.
4-6-2017 Intel Guru RayRen98 It is being reported that the Kurds are in Baghdad attending meetings resulting in the immediate implementation of Article 140. ADDITION: Abadi just announced on TV the agreement to remove obstacles that were blocking the passing of Article 140.
4-6-2017 Newshound Guru mike Article: "Urgent: Iraq is improving in its credit rating" Quote: "Prime Minister Haider al-Abbadi said Iraq has improved its credit rating." ...it went from negative to stable. It's still a B- rating which is classified as speculative.
4-6-2017 Newshound/Intel Guru Mnt Goat Article: "Iraq: Confidence is in the Air" Quote: "This confidence boost may be the starting pistol on Iraq’s Road to becoming a market economy." ...remember the CBI is looking for STABILITY and SECURITY, two buzz words that keep appearing in all the articles from the CBI, IMF and the UN in general,...can you say revaluation...
4-6-2017 Newshound Guru Adam Montana [...are you still as positive this week about the HCL being implemented as you were a few weeks ago?... and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. "Any given Sunday", as they say... or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017...] YES, emphatically so!
4-6-2017 Intel Guru Frank26 We are in the next step of the monetary reform... many asked why they were putting more IQD’s ...more 3 zeros back into the market in Iraq? We never said they were putting 3 zeros back into the market, we said they were putting dinars back into the market to accomplish: #1 – MCP – elimination of the USD’s. #2 – to educate the citizens. It’s NOT the value of the notes thats important...IT’S THE NOTE COUNT ...remember ONE 50k note ...would be equivalent to FIVE 10k notes...One 50k note...that they bring into the bank...because they are going to get it as “pay” – they would have to bring back FIVE 10k notes...would they not? [Reducing the note count] So what about your 3 zeros notes? Your 3 zero notes are going to the FEDS. It’s internally. That is where the monetary reform (MR) is now. [post 1 of 2....stay tuned]
4-6-2017 Newshound Guru Adam Montana [...are we just pretty much waiting on the total liberation of Mosul or what? I know, I know...the HCL must be passed and all that, but it seems as if Mosul is a real turning point?] Total liberation of Mosul? No sir, I do not believe Mosul will ever be totally liberated, nor will ISIS/ISIL/(Or Any Other Terror Group) be completely "eradicated". The "war on terror" will never be "won", we can only hope to keep it at a "manageable level", and I believe we are pretty close to achieving that already, if not completely done achieving it.
4-6-2017 Intel Guru Frank26 [...just want to make sure I understand correctly...any country in history that went through a currency reval... redenom...etc. always revealed their 1000:1 exchange rate. However, this time, with Iraq, we will NOT be seeing the 1000:1 exchange rate. We'll see the 1:1 at its appropriate time. Correct?] IMO...Yes.
4-6-2017 Intel Guru RayRen98 It is being reported that the Kurds are in Baghdad attending meetings resulting in the immediate implementation of Article 140. ADDITION: Abadi just announced on TV the agreement to remove obstacles that were blocking the passing of Article 140.
4-6-2017 Newshound Guru mike Article: "Urgent: Iraq is improving in its credit rating" Quote: "Prime Minister Haider al-Abbadi said Iraq has improved its credit rating." ...it went from negative to stable. It's still a B- rating which is classified as speculative.
4-6-2017 Newshound/Intel Guru Mnt Goat Article: "Iraq: Confidence is in the Air" Quote: "This confidence boost may be the starting pistol on Iraq’s Road to becoming a market economy." ...remember the CBI is looking for STABILITY and SECURITY, two buzz words that keep appearing in all the articles from the CBI, IMF and the UN in general,...can you say revaluation...
4-6-2017 Newshound Guru Adam Montana [...are you still as positive this week about the HCL being implemented as you were a few weeks ago?... and can Iraq change the rate anytime they want throughout the year or does it have to be done by the first quarter?] Absolutely yes! And they can do this any time they want, there are absolutely no real restrictions. "Any given Sunday", as they say... or Monday, Tuesday, etc. [Do you think is possible to see an RV in 2017...] YES, emphatically so!
4-5-2017 Newshound Guru Kaperoni "REPORT: Is the Iraqi dinar Recovering?" Quote: "With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar." Nice to hear them talk about the potential and process for the dinar. That being said, Iraq has not passed a significant law in quite a while even though many have called for them to do so. Yes, the banking system has made progress the last year under the guidance of the IMF, but it's time Iraq does it's part and pass the laws, to create the environment for investment. Then we shall see what happens.
4-5-2017 Intel Guru RayRen98 The banking community says that it is happening any time. It could be another minute, hour, day, week, or even month; I don’t have anything definitive one way or the other. My Iraqi sources are saying “it is done; we don’t know why you haven’t seen it over there.” My best sources says we are just waiting, and “we will contact you”.
4-5-2017 Newshound/Intel Guru Mnt Goat I am very optimistic that the UN will allow Iraq an exit from many more Chapter 7 – sanctions or maybe move them to Chapter 6 as related directly to running their “closed” economy. As long as they are doing as the IMF and UN have laid out for them in the Stand-By-Agreements (SBAs)– there is no reason to believe the UN (with the helping hand of the IMF) won’t support a return “international acceptance and integration”…and that is all any of us really care about... This is when we go to the bank… When the IQD does actually have any significant value change it will be all over the news...you will surely know. It will be very public and very apparent. [post 2 of 2]
4-5-2017 Newshound/Intel Guru Mnt Goat ...the news coming out of Iraq has changed its tone. It is no longer all about fighting ISIS or the political rivals and bickering but rather it has moved on to seriousness about the Iraqi economy and financial sectors. It is now all about bringing the needed investments into Iraq and to grow their economy. My personal opinion is we are on the verge, the very edge of a huge major change in their economy...it will not be much longer until they have to (forced to) to switch out of the “artificial” “program” rate and get relief from the UN sanctions that are now holding them back. [post 1 of 2....stay tuned]
4-5-2017 Intel Guru Frank26 Many people are returning back to the liberated cities in Iraq. The UN wanted to make sure that the displaced people were ok...and locating properly for the HCL. If they lifted Chapter VII...that would be a MAJOR step in the MR [Monetary Reform] of the IQD. Abadi said that they are in the last phase of Mosul. I disagree...you are in the last phase of the currency reform...
4-5-2017 Newshound Guru Adam Montana Look, I can only keep doing this for so long... most likely that time is coming to an end. And I am stoked about moving to the next phase of this ride! Have you seen the news about HCL? Have you noticed how laser focused Abadi is, on so many things? That guy is a MACHINE! The party is getting prepped! Heck...some of the stuff I'm seeing from the GURUS is starting to mimic a bit of what I am personally hearing from my contacts in Iraq and in the financial world. THAT kind of situation is amazing! In fact, there's a lot of talk about APRIL being "the month"... I am not going to confirm that I am feeling that same thing, but it's not out of the running. We are seeing INCREDIBLE movement right now, both in the public news sector and also in the private channels I use. The bottom line...is that we are playing in a BIG playground and the IQD is poised to be a BIG deal worldwide! I'm currently about as excited as I have ever been about this situation!
4-5-2017 Newshound Guru loop Article: "Iraq: Confidence is in the Air" Quotes: "...there was a strong sense that Iraq’s fortunes are turning a corner..." “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
4-5-2017 Intel Guru Bruce Nothing is going to happen until Iraq is ready. We had a celebration in Iraq. There was a delegation to witness the announcements of Iraq returning to sovereignty and release of chapter 7 of the UN. Basically the return of sovereignty and revalued rate of their currency. We know the liberation of Mosul also was announced. We know that is something that was celebrated by having the two new flags flying on either side of the Tigris River. We know that in the mosque a few day s ago, Iraq had made an announcement that their currency is 6 times the value of the USD. When it comes to timing with this...I found out there are additional things going on that is keeping this held up slightly. It is a plan that is moving forward. It is in a sense on autopilot. This week looks really good. I am feeling really good the possibility of anytime between now and the weekend. I am excited where we are and where we are going.
4-5-2017 Intel Guru Frank26 They are removing the USD from the streets from the citizens. The citizens must stop using the USD and other foreign currencies. The MCP (multi-currency practice) must end. They are dropping the 3 zeros in 2 different ways. #1 -- Stopping the usage of the USD’s – taking them away from the citizens. #2 -- They must simplify the exchanging the of the currency. The goal is to get to 1,000 to 1...but once they are there (including stability/security) they will move QUICKLY to 1 to 1. The market will carry 1 to 1 inside of Iraq...lead to a higher rate OUTSIDE of Iraq. I think $1.12 - $1.14 once it goes outside of Iraq. IOO...IT’S COMING.
4-5-2017 Newshound/Intel Guru Mnt Goat Article: "IRAQ ON WAY TO RECONSTRUCTION AFTER MOSUL ‘VICTORY’" I do not see many more articles on the fighting in the western side of Mosul region. Can we assume the ISIS is now all done? Let’s watch as it plays out. They can’t use the Security and Stability excuse anymore as to why they cannot continue with the “project to delete the zeros”. Is it all now in the court of the UN to stop the sanctions of Chapter VII and then for the CBI to follow up and pull the trigger...
4-5-2017 Intel Guru RayRen98 The banking community says that it is happening any time. It could be another minute, hour, day, week, or even month; I don’t have anything definitive one way or the other. My Iraqi sources are saying “it is done; we don’t know why you haven’t seen it over there.” My best sources says we are just waiting, and “we will contact you”.
4-5-2017 Newshound/Intel Guru Mnt Goat I am very optimistic that the UN will allow Iraq an exit from many more Chapter 7 – sanctions or maybe move them to Chapter 6 as related directly to running their “closed” economy. As long as they are doing as the IMF and UN have laid out for them in the Stand-By-Agreements (SBAs)– there is no reason to believe the UN (with the helping hand of the IMF) won’t support a return “international acceptance and integration”…and that is all any of us really care about... This is when we go to the bank… When the IQD does actually have any significant value change it will be all over the news...you will surely know. It will be very public and very apparent. [post 2 of 2]
4-5-2017 Newshound/Intel Guru Mnt Goat ...the news coming out of Iraq has changed its tone. It is no longer all about fighting ISIS or the political rivals and bickering but rather it has moved on to seriousness about the Iraqi economy and financial sectors. It is now all about bringing the needed investments into Iraq and to grow their economy. My personal opinion is we are on the verge, the very edge of a huge major change in their economy...it will not be much longer until they have to (forced to) to switch out of the “artificial” “program” rate and get relief from the UN sanctions that are now holding them back. [post 1 of 2....stay tuned]
4-5-2017 Intel Guru Frank26 Many people are returning back to the liberated cities in Iraq. The UN wanted to make sure that the displaced people were ok...and locating properly for the HCL. If they lifted Chapter VII...that would be a MAJOR step in the MR [Monetary Reform] of the IQD. Abadi said that they are in the last phase of Mosul. I disagree...you are in the last phase of the currency reform...
4-5-2017 Newshound Guru Adam Montana Look, I can only keep doing this for so long... most likely that time is coming to an end. And I am stoked about moving to the next phase of this ride! Have you seen the news about HCL? Have you noticed how laser focused Abadi is, on so many things? That guy is a MACHINE! The party is getting prepped! Heck...some of the stuff I'm seeing from the GURUS is starting to mimic a bit of what I am personally hearing from my contacts in Iraq and in the financial world. THAT kind of situation is amazing! In fact, there's a lot of talk about APRIL being "the month"... I am not going to confirm that I am feeling that same thing, but it's not out of the running. We are seeing INCREDIBLE movement right now, both in the public news sector and also in the private channels I use. The bottom line...is that we are playing in a BIG playground and the IQD is poised to be a BIG deal worldwide! I'm currently about as excited as I have ever been about this situation!
4-5-2017 Newshound Guru loop Article: "Iraq: Confidence is in the Air" Quotes: "...there was a strong sense that Iraq’s fortunes are turning a corner..." “Confidence has returned to Baghdad — it is in the air! Baghdad is confident again, and it’s absolutely wonderful.” The IBBC (Iraq Britain Business Council) Spring Conference has started.
4-5-2017 Intel Guru Bruce Nothing is going to happen until Iraq is ready. We had a celebration in Iraq. There was a delegation to witness the announcements of Iraq returning to sovereignty and release of chapter 7 of the UN. Basically the return of sovereignty and revalued rate of their currency. We know the liberation of Mosul also was announced. We know that is something that was celebrated by having the two new flags flying on either side of the Tigris River. We know that in the mosque a few day s ago, Iraq had made an announcement that their currency is 6 times the value of the USD. When it comes to timing with this...I found out there are additional things going on that is keeping this held up slightly. It is a plan that is moving forward. It is in a sense on autopilot. This week looks really good. I am feeling really good the possibility of anytime between now and the weekend. I am excited where we are and where we are going.
4-5-2017 Intel Guru Frank26 They are removing the USD from the streets from the citizens. The citizens must stop using the USD and other foreign currencies. The MCP (multi-currency practice) must end. They are dropping the 3 zeros in 2 different ways. #1 -- Stopping the usage of the USD’s – taking them away from the citizens. #2 -- They must simplify the exchanging the of the currency. The goal is to get to 1,000 to 1...but once they are there (including stability/security) they will move QUICKLY to 1 to 1. The market will carry 1 to 1 inside of Iraq...lead to a higher rate OUTSIDE of Iraq. I think $1.12 - $1.14 once it goes outside of Iraq. IOO...IT’S COMING.
4-5-2017 Newshound/Intel Guru Mnt Goat Article: "IRAQ ON WAY TO RECONSTRUCTION AFTER MOSUL ‘VICTORY’" I do not see many more articles on the fighting in the western side of Mosul region. Can we assume the ISIS is now all done? Let’s watch as it plays out. They can’t use the Security and Stability excuse anymore as to why they cannot continue with the “project to delete the zeros”. Is it all now in the court of the UN to stop the sanctions of Chapter VII and then for the CBI to follow up and pull the trigger...
4-4-2017 Newshound Guru Revbo ...That said, the timing of this, in Abadi's words in another article, "ONE or two months," leads me to believe they are giving themselves a wide berth for when ISIS is finally finished in Iraq, meaning, if they get rid of ISIS next week, well, next week is "within one month," so we could see Ch. 7 release much sooner than June. Abadi said, about a month ago, he had to put his whole agenda on hold to deal with nothing but ISIS. He has a reelection coming up, so he better get on with it once that's over. We know his agenda includes national reconciliation and economic reform, and I don't see any way they can do economic reform without releasing the dinar. [post 2 of 2]
4-4-2017 Newshound Guru Revbo Article: "Abadi: Two months separating Iraq's exit from Chapter VII" Ch. 7 has never been officially tied to anything to do with the dinar, but unofficially, being under Ch. 7 sanctions, no matter how little is left of them, puts Iraq in the same ballpark as North Korea. It's an exclusive club, Ch. 7, one reserved for rogue regimes, but mostly, terrorist organizations, and that's bad for business. It would be terribly unwise of them, in my humble opinion, to turn the dinar loose when they are still, technically, an international pariah. [post 1 of 2 Stay tuned for the rest of the story...]
4-4-2017 Intel Guru Dr. Clarke [Would you tell us if you expect to see it happen if not this Friday, but on a Friday?] We DID NOT say, April 7th is when the rate will significantly increase. But it COULD. We said we Love the "ring of April 7th"...Now, let's talk direct. There is Magic on this Friday, the 7th. We Love "ALL FRIDAY'S", like we said. Magic happens on Fridays, and especially in APRIL. "Friday is FUN DAY".
4-4-2017 Newshound Guru EHankins SOMETHINGS EITHER WRONG OR VERY RIGHT HERE. IS THIS POINTING AT THE CONTINUING "SPECULATIONS" OR IS THIS SIGNIFICANT MEANING IRAQ HAS A "RATE" OF AN INTERNATIONAL VALUE. HAS VALUE BEEN GIVEN...HAS IT BEEN RAISED? BUT THEN AGAIN, THIS COULD BE EVIDENCE OF "THE THINGS MOTION." I'M NOT LOOKING FOR A RATE BUT THIS SEEMS TO BE EVIDENCE OF MORE THAN A PROGRAM RATE STANDING STILL...IMO. [post 2 of 2]
4-4-2017 Newshound Guru EHankins Article "Rashid directs its branches to open letters of credit for companies" Quote: "The face of the Rasheed Bank, on Monday, its branches open letters of credit for companies from the public and private sectors, indicating that the amount of credits are converted at the official rate set by the Central Bank." IF I WERE A BANK AND I OPENED LINES OF CREDIT TO COMPANIES PUBLIC AND PRIVATE I WOULD WANT TO HAVE A RETURN ON MY LOANS WITH A CONSIDERABLE RATE OF INTEREST. ACCORDING TO THIS ARTICLE THIS IS A WAY OR MEANS OF SETTLING "INTERNATIONAL SALES. I KNOW IT'S A BAD WORD BUT THERE HAS TO BE A RATE...EVEN OFFICIALLY SET BY THE CBI AS MENTIONED IN THE ARTICLE. [post 1 of 2....stay tuned]
4-4-2017 Intel Guru Frank26 Iraq has already done everything ...all that is left it appears is a change in the rate. What does [Guru] Delta think? He said that they do have to send a NOTICE to the banks...24 hour notice of a change. Exceptions on the regulations are being allowed by the IMF. 1184 to 1882 change <<< they never announced it. So...whatever the change is...it has to be with their numbers. Abadi is 100% ready to go with the MR [Monetary Reform] and ER [Economic Reform]... Abadi called the UN on the phone... He wants them to lift Chapter VII. BTW – Abadi does NOT need Chapter VII to lift the 3 zeros. Interesting he is asking for it. Everything is moving so fast in Iraq right now. I believe we will see a change on the Arabic side of the CBI website VERY SOON...IMO. [post 2 of 2]
4-4-2017 Intel Guru Frank26 On Thursday, a call came in about our MR [Monetary Reform]...it was VERY, VERY POWERFUL. What was said ...pay attention to the CBI website (Arabic side) – thank heavens we have [Guru] Delta. The caller was more cautious ...measured their words. “Look at the CBI website...it’s making a change.” ...ON THE ARABIC SIDE ONLY. Unfortunately...that is all we got from that phone call. I do know there is going to be a change ...and we thought something would be put up there very soon. Something IS going to happen. Will it be a change in the RATE? [post 1 of 2....stay tuned]
4-4-2017 Intel Guru Dr. Clarke Take a Deep Breath. APRIL is the month...wait for it..."APRIL Showers, bring MAY Flowers"...remember?...For some reason, we really like the ring of April 7...guess because it's a Friday. Fridays are special.
4-4-2017 Newshound/Intel Guru Mnt Goat Okay so 3 articles on HCL in the last couple days. What did I say this usually means? It means the subject matter is important and so we must pay attention. Article: "Parliament warns of a serious economic future" Quote: "...the oil sector cannot be effective and productive unless it has the legal and administrative framework capable of investing wealth properly and in accordance with the Constitution and within the standards of the global oil industry." I know for a fact the Iraqi constitution must be implemented fully or no RV. Yes this includes HCL too. This has always been the case and so now that they are getting Security and Stability returning parliament is getting back down to business on getting this law passed.
4-4-2017 Newshound Guru Revbo Article: "Abadi: Two months separating Iraq's exit from Chapter VII" Ch. 7 has never been officially tied to anything to do with the dinar, but unofficially, being under Ch. 7 sanctions, no matter how little is left of them, puts Iraq in the same ballpark as North Korea. It's an exclusive club, Ch. 7, one reserved for rogue regimes, but mostly, terrorist organizations, and that's bad for business. It would be terribly unwise of them, in my humble opinion, to turn the dinar loose when they are still, technically, an international pariah. [post 1 of 2 Stay tuned for the rest of the story...]
4-4-2017 Intel Guru Dr. Clarke [Would you tell us if you expect to see it happen if not this Friday, but on a Friday?] We DID NOT say, April 7th is when the rate will significantly increase. But it COULD. We said we Love the "ring of April 7th"...Now, let's talk direct. There is Magic on this Friday, the 7th. We Love "ALL FRIDAY'S", like we said. Magic happens on Fridays, and especially in APRIL. "Friday is FUN DAY".
4-4-2017 Newshound Guru EHankins SOMETHINGS EITHER WRONG OR VERY RIGHT HERE. IS THIS POINTING AT THE CONTINUING "SPECULATIONS" OR IS THIS SIGNIFICANT MEANING IRAQ HAS A "RATE" OF AN INTERNATIONAL VALUE. HAS VALUE BEEN GIVEN...HAS IT BEEN RAISED? BUT THEN AGAIN, THIS COULD BE EVIDENCE OF "THE THINGS MOTION." I'M NOT LOOKING FOR A RATE BUT THIS SEEMS TO BE EVIDENCE OF MORE THAN A PROGRAM RATE STANDING STILL...IMO. [post 2 of 2]
4-4-2017 Newshound Guru EHankins Article "Rashid directs its branches to open letters of credit for companies" Quote: "The face of the Rasheed Bank, on Monday, its branches open letters of credit for companies from the public and private sectors, indicating that the amount of credits are converted at the official rate set by the Central Bank." IF I WERE A BANK AND I OPENED LINES OF CREDIT TO COMPANIES PUBLIC AND PRIVATE I WOULD WANT TO HAVE A RETURN ON MY LOANS WITH A CONSIDERABLE RATE OF INTEREST. ACCORDING TO THIS ARTICLE THIS IS A WAY OR MEANS OF SETTLING "INTERNATIONAL SALES. I KNOW IT'S A BAD WORD BUT THERE HAS TO BE A RATE...EVEN OFFICIALLY SET BY THE CBI AS MENTIONED IN THE ARTICLE. [post 1 of 2....stay tuned]
4-4-2017 Intel Guru Frank26 Iraq has already done everything ...all that is left it appears is a change in the rate. What does [Guru] Delta think? He said that they do have to send a NOTICE to the banks...24 hour notice of a change. Exceptions on the regulations are being allowed by the IMF. 1184 to 1882 change <<< they never announced it. So...whatever the change is...it has to be with their numbers. Abadi is 100% ready to go with the MR [Monetary Reform] and ER [Economic Reform]... Abadi called the UN on the phone... He wants them to lift Chapter VII. BTW – Abadi does NOT need Chapter VII to lift the 3 zeros. Interesting he is asking for it. Everything is moving so fast in Iraq right now. I believe we will see a change on the Arabic side of the CBI website VERY SOON...IMO. [post 2 of 2]
4-4-2017 Intel Guru Frank26 On Thursday, a call came in about our MR [Monetary Reform]...it was VERY, VERY POWERFUL. What was said ...pay attention to the CBI website (Arabic side) – thank heavens we have [Guru] Delta. The caller was more cautious ...measured their words. “Look at the CBI website...it’s making a change.” ...ON THE ARABIC SIDE ONLY. Unfortunately...that is all we got from that phone call. I do know there is going to be a change ...and we thought something would be put up there very soon. Something IS going to happen. Will it be a change in the RATE? [post 1 of 2....stay tuned]
4-4-2017 Intel Guru Dr. Clarke Take a Deep Breath. APRIL is the month...wait for it..."APRIL Showers, bring MAY Flowers"...remember?...For some reason, we really like the ring of April 7...guess because it's a Friday. Fridays are special.
4-4-2017 Newshound/Intel Guru Mnt Goat Okay so 3 articles on HCL in the last couple days. What did I say this usually means? It means the subject matter is important and so we must pay attention. Article: "Parliament warns of a serious economic future" Quote: "...the oil sector cannot be effective and productive unless it has the legal and administrative framework capable of investing wealth properly and in accordance with the Constitution and within the standards of the global oil industry." I know for a fact the Iraqi constitution must be implemented fully or no RV. Yes this includes HCL too. This has always been the case and so now that they are getting Security and Stability returning parliament is getting back down to business on getting this law passed.
4-3-2017 Intel Guru RayRen98 ...there have been some announcements and speeches from PM Abadi and from two transcripts of announcements from which we can pull some tidbits of information. For example, “nearly 1.6 million people have returned after the liberation” – that tells us that Mosul has been liberated. Then Abadi made a statement yesterday noting that “confrontation with terrorism and liberation of land didn’t stop us from reforming the economy.” That’s in the past tense, not in the future tense; I believe the public release of information is underway and near completion. Things we thought were done deals are now resurfacing, being made public. All things can line up, such as HCL, Chapter VII, and Chapter VIII. It’s a process, with political theatrics. ...we are in a good place. Everything is saying, “this is coming to an end” and I definitely feel this is the week for this to unfold...
4-3-2017 Newshound/Intel Guru BGG [Kushner is in Iraq at the invitation of Gen. Dunsford...it might not mean anything...but there was a lot of rumor about that a few weeks ago...] ...what it means is... our President wants his most trusted people on the ground in Iraq. He's engaged. Not trying to bail out!!
4-3-2017 Newshound Guru Enorrste Now we need action from the IMF to follow through with the transition to a floating currency and entry into Article 8 of the IMF Charter. This will be the key that unlocks the door for most investors. From that point onward...the Balassa-Samuelson Effect will come into play and there will be significant upward pressure on the value of the dinar. [post 2 of 2]
4-3-2017 Newshound Guru Enorrste Article: "Outlook upgrade could help push Iraq's economic evolution to its next step" This is a very positive sign for us all. When this sort of news finally gets to the mainstream media it means that there is a lot of activity behind the scenes gearing up to enter the Iraqi investment market. I particularly liked this paragraph: "It seems logical to conclude that this implies favorable interest in Iraq and that it would likely be followed by foreign direct investment and eventually by equity inflows," Tabaqchali said." This is the "wild west" affect that KAP [Guru Kaperoni] and I have discussed for some time now. Genuine investors have their eyes and ears open for big opportunities, and this paragraph states clearly that they are ready to jump in as soon as possible. [post 1 of 2....stay tuned]
4-3-2017 Newshound/Intel Guru Mnt Goat So the economic and financial outlook for Iraq is very optimistic. The security situation is rapidly changing for the better. In fact in an interview with pm Abadi, in his recent visit to Washington DC, he has stated “our economy is booming”. I said really? This statement alone reminded me once again that there is something still holding back the launching of the currency reform and that it was not in fact just in the hands of the CBI to implement, they are only the procedural implementers. Then, just literally days later, out pops a couple more articles about the dinar and yet another about removal from Chapter VII sanctions. Something is about to happen and soon. Can you see it? [post 4 of 4]
4-3-2017 Newshound/Intel Guru Mnt Goat So is Mosul liberation all completed... The FACT is there is still no “official” announcement...But all the news now is very promising this may finally be over. I am also told by the CBI they are going to blast out one more educational campaign to the citizens on the process and how the launching of the lower denominations will work. I talk the Central Bank of Iraq quite often and there is absolutely NOT been a new rate in Iraq for in-country or out of country and the lower denominations are NOT yet launched. This is a FACT. What we do know is they told us in a US Congressional Report that a 1:1 with the IQD:USD is most feasible. Also the CBI itself on many occasions has told us the initial rate, when they do get off the “artificial” rate will be either just under or just over $1.00. [post 3 of 4....stay tuned]
4-3-2017 Newshound/Intel Guru Mnt Goat We know that Iraq has confirmed its commitment to “Governmental directives to amend legislation in the transition to a free economy”. We have already seen many new banking regulations and the enforcement of them. We have seen many new laws and changes to existing old Saddam Hussein laws to regulate outside investors and open up the economy to massive investment. We know about the commitment that the USA has recently stated to Iraq and the reaffirmation that the renewed Status of Forces Agreement (SFA) will be implemented fully under the Trump administration. This gives us confidence and hope in the USA support for increased Security and Stability in Iraq and in the region in the future days ahead. [post 2 of 4....stay tuned]
4-3-2017 Newshound/Intel Guru Mnt Goat We know that pm Abadi has met with UN representatives to review the situation in Iraq to work towards removal of all Chapter VII sanctions. Yes – this would also have to include any sanctions against their currency and financial and economy. This would have to mean they will finally get off this “artificial” rate and “closed” economy. WOW! We know just recently the Central Bank of Iraq replaces its emblem with a new one with...strong monetary connotations. In fact the emblem resembles their new coinage, new coinage not even yet launched. So why replace it's emblem (logo) with these symbols if the intent is not to launch the coins soon? They know from experiences in trying to launch these coins, that it simply will not work unless they get off the artificial rate. [post 1 of 4....stay tuned]
4-3-2017 Newshound Guru mike The market rate is the unofficial value of the currency on the streets. Under normal conditions, Iraqi's would buy and sell dollars through the banks but in Iraq, access to dollars is limited. Right now, Iraqi's don't have unlimited access to the dollar so they're willing to pay more, or 1254-$1 just to get to it. Today's market rate is 1254-$1 which exceeds the 2% MCP the IMF requires for a country to accept Article VIII. If Iraq can get the market rate down to roughly 1205-$1, they'll need to hold this for a minimum of 90 days to demonstrate control of the dinar to the IMF.
4-3-2017 Newshound/Intel Guru BGG [have you heard anything on the HCL?] they won't act on the current HCL structure. They don't like it. They won't do it. ...I doubt the HCL is any "precursor" to an RV. I don't think it is required. IMHO.
4-3-2017 Newshound/Intel Guru Mnt Goat Article: "Iraq’s Current Economic Outlook And How it Can Affect Dinar Value" Quote: "The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003." ...just another confirmation that the rate now on the Iraqi dinar is in FACT an artificially placed rate and it must be removed. ...this is much different than what many...believe...that this “artificial” rate must increase. The artificial rate does not matter. ...we are not waiting for the artificial rate to do anything other than to go away and for the real value of the dinar to be “reinstated”.
4-3-2017 Newshound Guru Kaperoni Article: "Outlook upgrade could help push Iraq's economic evolution to its next step" Quote: "War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests." This article tells me very clearly that what the IMF stated about the Balassa-Samuelson Effect is in fact the plan. This article clearly is talking about the upside of the currency as a direct result of investment and growth.
4-3-2017 Newshound/Intel Guru BGG Article: "Abadi: Iraq is moving toward stability and community reconciliation" The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) "...Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment..." Boom - mic drop...
4-3-2017 Newshound/Intel Guru BGG [Kushner is in Iraq at the invitation of Gen. Dunsford...it might not mean anything...but there was a lot of rumor about that a few weeks ago...] ...what it means is... our President wants his most trusted people on the ground in Iraq. He's engaged. Not trying to bail out!!
4-3-2017 Newshound Guru Enorrste Now we need action from the IMF to follow through with the transition to a floating currency and entry into Article 8 of the IMF Charter. This will be the key that unlocks the door for most investors. From that point onward...the Balassa-Samuelson Effect will come into play and there will be significant upward pressure on the value of the dinar. [post 2 of 2]
4-3-2017 Newshound Guru Enorrste Article: "Outlook upgrade could help push Iraq's economic evolution to its next step" This is a very positive sign for us all. When this sort of news finally gets to the mainstream media it means that there is a lot of activity behind the scenes gearing up to enter the Iraqi investment market. I particularly liked this paragraph: "It seems logical to conclude that this implies favorable interest in Iraq and that it would likely be followed by foreign direct investment and eventually by equity inflows," Tabaqchali said." This is the "wild west" affect that KAP [Guru Kaperoni] and I have discussed for some time now. Genuine investors have their eyes and ears open for big opportunities, and this paragraph states clearly that they are ready to jump in as soon as possible. [post 1 of 2....stay tuned]
4-3-2017 Newshound/Intel Guru Mnt Goat So the economic and financial outlook for Iraq is very optimistic. The security situation is rapidly changing for the better. In fact in an interview with pm Abadi, in his recent visit to Washington DC, he has stated “our economy is booming”. I said really? This statement alone reminded me once again that there is something still holding back the launching of the currency reform and that it was not in fact just in the hands of the CBI to implement, they are only the procedural implementers. Then, just literally days later, out pops a couple more articles about the dinar and yet another about removal from Chapter VII sanctions. Something is about to happen and soon. Can you see it? [post 4 of 4]
4-3-2017 Newshound/Intel Guru Mnt Goat So is Mosul liberation all completed... The FACT is there is still no “official” announcement...But all the news now is very promising this may finally be over. I am also told by the CBI they are going to blast out one more educational campaign to the citizens on the process and how the launching of the lower denominations will work. I talk the Central Bank of Iraq quite often and there is absolutely NOT been a new rate in Iraq for in-country or out of country and the lower denominations are NOT yet launched. This is a FACT. What we do know is they told us in a US Congressional Report that a 1:1 with the IQD:USD is most feasible. Also the CBI itself on many occasions has told us the initial rate, when they do get off the “artificial” rate will be either just under or just over $1.00. [post 3 of 4....stay tuned]
4-3-2017 Newshound/Intel Guru Mnt Goat We know that Iraq has confirmed its commitment to “Governmental directives to amend legislation in the transition to a free economy”. We have already seen many new banking regulations and the enforcement of them. We have seen many new laws and changes to existing old Saddam Hussein laws to regulate outside investors and open up the economy to massive investment. We know about the commitment that the USA has recently stated to Iraq and the reaffirmation that the renewed Status of Forces Agreement (SFA) will be implemented fully under the Trump administration. This gives us confidence and hope in the USA support for increased Security and Stability in Iraq and in the region in the future days ahead. [post 2 of 4....stay tuned]
4-3-2017 Newshound/Intel Guru Mnt Goat We know that pm Abadi has met with UN representatives to review the situation in Iraq to work towards removal of all Chapter VII sanctions. Yes – this would also have to include any sanctions against their currency and financial and economy. This would have to mean they will finally get off this “artificial” rate and “closed” economy. WOW! We know just recently the Central Bank of Iraq replaces its emblem with a new one with...strong monetary connotations. In fact the emblem resembles their new coinage, new coinage not even yet launched. So why replace it's emblem (logo) with these symbols if the intent is not to launch the coins soon? They know from experiences in trying to launch these coins, that it simply will not work unless they get off the artificial rate. [post 1 of 4....stay tuned]
4-3-2017 Newshound Guru mike The market rate is the unofficial value of the currency on the streets. Under normal conditions, Iraqi's would buy and sell dollars through the banks but in Iraq, access to dollars is limited. Right now, Iraqi's don't have unlimited access to the dollar so they're willing to pay more, or 1254-$1 just to get to it. Today's market rate is 1254-$1 which exceeds the 2% MCP the IMF requires for a country to accept Article VIII. If Iraq can get the market rate down to roughly 1205-$1, they'll need to hold this for a minimum of 90 days to demonstrate control of the dinar to the IMF.
4-3-2017 Newshound/Intel Guru BGG [have you heard anything on the HCL?] they won't act on the current HCL structure. They don't like it. They won't do it. ...I doubt the HCL is any "precursor" to an RV. I don't think it is required. IMHO.
4-3-2017 Newshound/Intel Guru Mnt Goat Article: "Iraq’s Current Economic Outlook And How it Can Affect Dinar Value" Quote: "The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003." ...just another confirmation that the rate now on the Iraqi dinar is in FACT an artificially placed rate and it must be removed. ...this is much different than what many...believe...that this “artificial” rate must increase. The artificial rate does not matter. ...we are not waiting for the artificial rate to do anything other than to go away and for the real value of the dinar to be “reinstated”.
4-3-2017 Newshound Guru Kaperoni Article: "Outlook upgrade could help push Iraq's economic evolution to its next step" Quote: "War-torn Iraq recently got an unexpected boost on its way to becoming an investment hot spot, which may take its next step sooner than conventional wisdom suggests." This article tells me very clearly that what the IMF stated about the Balassa-Samuelson Effect is in fact the plan. This article clearly is talking about the upside of the currency as a direct result of investment and growth.
4-3-2017 Newshound/Intel Guru BGG Article: "Abadi: Iraq is moving toward stability and community reconciliation" The title and first paragraph uses all the reform buzzwords immediately. Abadi: Iraq is moving toward stability and community reconciliation. 1) Stability 2) Reconciliation (important to the UN) "...Iraq is moving toward stability and community reconciliation and that the country has enormous potential for investment..." Boom - mic drop...
4-2-2017 Intel Guru Frank26 Tell me...What is the feeling after running The Boston Marathon? What is the feeling when they handed You Your diploma? What will i feel like when my Detroit Lions finally win a Super Bowl? IMO...A Feeling unknown to words. It has been our established history with You that when we suggest something in our opinion...THREE DAYS later You see the evidence unseen. So...May i Kindly ask...to stay in Constant Pray not of need but of Thanks to our Heavenly Father. For The Next Three Days. ...i am not giving You a Date...i do not have to.
4-2-2017 Newshound Guru Kaperoni Article: "Zain Iraq participates in the Basra International Shopping Festival, the third edition on the land of Basra International Fair" Article quote: "...the second service is (Zain Cash) a service (transfer payment) invoices and purchases through (Zain Cash), and the service provided by (Iraq portfolio) and is licensed by the Central Bank of Iraq, the company, which is specialized to provide financial services to withdraw and deposit funds , financial services and payment via mobile phone to pay bills and transfer money." They are pushing banking activities. More good news.
4-2-2017 Intel Guru Dr. Clarke You Know...Iraq COULD substantially raise their Rate, Today. Could. It’s April 1st. Regardless, the WHOLE MONTH OF APRIL, will contain a staggering amount of “REVERSALS”, one after the other...One other thing...Did you know that Iraq is ALREADY Article 8 compliant & approved. Shhh!...it’s coming publicly. Shhh.
4-2-2017 Intel Guru Frank26 [If passed on Tuesday...Is the HCL now ready to be activated?] Not sure but IMO...Yes. I’ve told you...the HCL...when it happens... IT’S TIME! ...look for something significant on April 1, 2, 3rd...(April 4th) – I missed it by one day. Now...Mosul is no longer the KEY of the MR...the HCL is. [Guru] Delta says...give us the HCL. Show us the rate! We need the rate before you can pass the HCL...The legislation needs to be ACTIVATED. They are proceeding to ACTIVATE...they just need a RATE.
4-2-2017 Newshound Guru jaxjags A couple of weeks ago I reached out to an investment company with offices in Iraq. I saw one of the partners of this firm on a major news network and decided to reach out. ...about 30 minutes later I received a reply to my e-mail. I will not say exactly what I am asking about. But I can assure you that I did not ask about a rate nor date. I did ask about the subject of a peg. Here s part of their reply: "...that since it was written before the Central Bank started to maintain the de facto dollar peg. However, Iraq does not have an official peg." Notice now...these are people who are managing contracts worth $100s of millions, and yet their statement is: "...However, Iraq does not have an official peg."..."...the Central Bank started to maintain the de facto dollar peg." De Facto...is not official. The current value is not official and it does not reflect the true value of the IQD. The current buy/sell value is based upon an agreement between the CBI and GOI. Enjoy.
4-2-2017 Newshound/Intel Guru BGG Article: "Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII" I don't think the UN will remove Iraq from Ch 7 immediately... nor do I think it matters one way or the other - to us.
4-2-2017 Newshound Guru Kaperoni Article: "Zain Iraq participates in the Basra International Shopping Festival, the third edition on the land of Basra International Fair" Article quote: "...the second service is (Zain Cash) a service (transfer payment) invoices and purchases through (Zain Cash), and the service provided by (Iraq portfolio) and is licensed by the Central Bank of Iraq, the company, which is specialized to provide financial services to withdraw and deposit funds , financial services and payment via mobile phone to pay bills and transfer money." They are pushing banking activities. More good news.
4-2-2017 Intel Guru Dr. Clarke You Know...Iraq COULD substantially raise their Rate, Today. Could. It’s April 1st. Regardless, the WHOLE MONTH OF APRIL, will contain a staggering amount of “REVERSALS”, one after the other...One other thing...Did you know that Iraq is ALREADY Article 8 compliant & approved. Shhh!...it’s coming publicly. Shhh.
4-2-2017 Intel Guru Frank26 [If passed on Tuesday...Is the HCL now ready to be activated?] Not sure but IMO...Yes. I’ve told you...the HCL...when it happens... IT’S TIME! ...look for something significant on April 1, 2, 3rd...(April 4th) – I missed it by one day. Now...Mosul is no longer the KEY of the MR...the HCL is. [Guru] Delta says...give us the HCL. Show us the rate! We need the rate before you can pass the HCL...The legislation needs to be ACTIVATED. They are proceeding to ACTIVATE...they just need a RATE.
4-2-2017 Newshound Guru jaxjags A couple of weeks ago I reached out to an investment company with offices in Iraq. I saw one of the partners of this firm on a major news network and decided to reach out. ...about 30 minutes later I received a reply to my e-mail. I will not say exactly what I am asking about. But I can assure you that I did not ask about a rate nor date. I did ask about the subject of a peg. Here s part of their reply: "...that since it was written before the Central Bank started to maintain the de facto dollar peg. However, Iraq does not have an official peg." Notice now...these are people who are managing contracts worth $100s of millions, and yet their statement is: "...However, Iraq does not have an official peg."..."...the Central Bank started to maintain the de facto dollar peg." De Facto...is not official. The current value is not official and it does not reflect the true value of the IQD. The current buy/sell value is based upon an agreement between the CBI and GOI. Enjoy.
4-2-2017 Newshound/Intel Guru BGG Article: "Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII" I don't think the UN will remove Iraq from Ch 7 immediately... nor do I think it matters one way or the other - to us.
4-1-2017 Newshound Guru 1bobby Article: "The IMF is discussing boosting tax revenues in Iraq" The taxes and Tariff's weren't working to the expectations of the IMF, so they suggested to raise both. Recall the tax structure was part of the Structural Benchmarks NOT met during the SBA Review. What they are implementing is opening the private sector, put your citizens to work, take the taxes from them and products, and BAM you have more non oil revenue. ...the IMF also mentioned bringing in the International Finance Corporation to assist in this lack of revenue endeavor. So everything is coming together. The hardest part is waiting.
4-1-2017 Intel Guru DAZ AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY..."TURN THE MONEY BACK ON". IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE'RE READY WHEN THEY'RE READY. [post 2 of 2]
4-1-2017 Intel Guru DAZ IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2....stay tuned]
4-1-2017 Intel Guru Frank26 FRESH FORM IRAQI TV... "The financial crisis has not led to the collapse of the dinar or to a major inflation in prices," Prime Minister Haider al-Abbadi said." Even A [Abadi] defends his Nation's Currency now...Where there use to be embarrassment ...There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency...For The reconciliation of The ME.( middle east).
4-1-2017 Intel Guru Delta FRESH FORM IRAQI TV... "The financial crisis has not led to the collapse of the dinar or to a major inflation in prices," Prime Minister Haider al-Abbadi said" MORE COMING ...THE INTERNET DID NOT SEE NOTHING YET.
4-1-2017 Newshound Guru Kaperoni I think many in and out of Iraq believe the dinar is under valued. We have even heard "grossly under valued" before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if's, and's about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
4-1-2017 Intel Guru RayRen98 ...this is the last day of the quarter, and some folks are saying it has be done in this quarter to back date pay to the beginning of the year. That expectation came to me as well... Others are looking into April. On Iraqi television, the US treasury gave Iraq an award for getting their banks online... PM Abadi has called for the UN to lift Chapter VII, and some argue that is not even necessary... We are not going to the bank just yet, but there is still some expectation that may change over the weekend; we’ll have to wait and see. However, expectation is high in Iraq, in the banks here, and across the board. We are still seeing an ‘any hour, any day’ situation... All that makes me expect this will go at any time. Something could happen between now and Sunday, for sure.
4-1-2017 Newshound Guru mike If Abadi can find a way to do the right thing for the Kurd's and Sunni's, we have a real chance at watching Iraq grow and flourish economically. Abadi is going to gain a ton of political capital when he captures Mosul, with that he can make real change and begin the process of providing security and stability, two things that are the cornerstone of a healthy country, economy and currency.
4-1-2017 Intel Guru DAZ AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY..."TURN THE MONEY BACK ON". IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION. WE'RE READY WHEN THEY'RE READY. [post 2 of 2]
4-1-2017 Intel Guru DAZ IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY. IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT. THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY. DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004. THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD. [post 1 of 2....stay tuned]
4-1-2017 Intel Guru Frank26 FRESH FORM IRAQI TV... "The financial crisis has not led to the collapse of the dinar or to a major inflation in prices," Prime Minister Haider al-Abbadi said." Even A [Abadi] defends his Nation's Currency now...Where there use to be embarrassment ...There is soon to be a Value of Pride and Unity for Iraq and as a Donor Currency...For The reconciliation of The ME.( middle east).
4-1-2017 Intel Guru Delta FRESH FORM IRAQI TV... "The financial crisis has not led to the collapse of the dinar or to a major inflation in prices," Prime Minister Haider al-Abbadi said" MORE COMING ...THE INTERNET DID NOT SEE NOTHING YET.
4-1-2017 Newshound Guru Kaperoni I think many in and out of Iraq believe the dinar is under valued. We have even heard "grossly under valued" before in statements. The fact is, the CBI is and must follow the directives of the IMF. No if's, and's about it. We cannot pick and choose what we read in IMF documents, if we believe the IMF, we must accept it all. Therefore, we see the CBI following the directives, attempting to remove restrictions (ie. the spread), rebuilding the banking system, removing restrictions on foreign exchange, cracking down on corruption and money laundering all in an attempt to prepare for Article VIII and freedom of movement of capital in and out of Iraq. Let it come to us.
4-1-2017 Intel Guru RayRen98 ...this is the last day of the quarter, and some folks are saying it has be done in this quarter to back date pay to the beginning of the year. That expectation came to me as well... Others are looking into April. On Iraqi television, the US treasury gave Iraq an award for getting their banks online... PM Abadi has called for the UN to lift Chapter VII, and some argue that is not even necessary... We are not going to the bank just yet, but there is still some expectation that may change over the weekend; we’ll have to wait and see. However, expectation is high in Iraq, in the banks here, and across the board. We are still seeing an ‘any hour, any day’ situation... All that makes me expect this will go at any time. Something could happen between now and Sunday, for sure.
4-1-2017 Newshound Guru mike If Abadi can find a way to do the right thing for the Kurd's and Sunni's, we have a real chance at watching Iraq grow and flourish economically. Abadi is going to gain a ton of political capital when he captures Mosul, with that he can make real change and begin the process of providing security and stability, two things that are the cornerstone of a healthy country, economy and currency.
3-31-2017 Newshound Guru Kaperoni Article: "Association of private banks succeed train 521 bank during the first quarter" Quote: "private banks are very keen on training working on the latest technology used by international banks in order to provide better services to citizens and enhance confidence in banks." If the private banks are going to be involved with investment and engaged with the global banking system, they need to be trained. Clearly if they trained over 500 here they are preparing for significant activities sooner than later.
3-31-2017 Intel/Newshound Guru Backdoc IN CLOSING THEY ADD, "IT'S A BEAUTIFUL REALITY"! JUST LIKE I SAID, PAST TENSE OR HISTORY NOW! DONE, DONE, DONE. WHAT IS THIS NEW REALITY? OH, IT'S CALLED DEMOCRACY! YES, DEMOCRACY IS A BEAUTIFUL REALITY! CONGRATULATIONS IRAQ, "MR. LONELY" NOW IT'S TIME TO SHOW THAT "NEW REALITY" FINANCIALLY WITH AN INCREASE IN THE VALUE OF YOUR CURRENCY IN THE COMING HRS. OR DAYS! [post 3 of 3]
3-31-2017 Intel/Newshound Guru Backdoc FOR STARTERS, ON THIS ARTICLE IT IS SPEAKING FROM A PAST TENSE POSITION. IT'S SPOKEN AS ALREADY DONE ON THE DAY PRIOR TO APRIL! SO LET'S SEE HERE WHAT IS DONE. WELL, AFTER 14 YEARS THERE IS NO MORE TERRORISM IN IRAQ! WOW! NEXT, THEY CONFIRM STABILITY AND SECURITY. STABILITY IMO IS ALL ABOUT LEADERSHIP! THIS LEADERSHIP SHOWS UP AS FINANCIAL AND POLITICAL! DONE! NEXT THEY SPEAK OF ALL THE DISPLACED PEOPLE HAVE RETURNED TO THEIR HOMES, ALL! NEXT, WE KNOW THE FINANCIAL CORRUPTION HAS COMPLETELY STOPPED DUE TO THE NEW DIGITAL BLOCKCHAIN SOFTWARE THAT PROTECTS THE NEW E-DINAR AS WELL AS ALL GOVERNMENT AND BANKING SYSTEMS! [post 2 of 3....stay tuned]
3-31-2017 Intel/Newshound Guru Backdoc Article: "April 1...Iraq is the best country in the world" THE GLOBAL DEBT PROBLEM COULD ACTUALLY HAVE A SOLUTION WITH IRAQ'S RE-ENTRY IN TO THE INTERNATIONAL ARENA! WELL, THE TIME HAS COME FOR THAT TO HAPPEN! SOME TIME BACK I WROTE A POST ABOUT IRAQ BEING THE LONELIEST NUMBER 1! WE KNEW BACK THEN OF IRAQ'S MASSIVE MINERAL WEALTH. WE KNEW THAT BLACK GOLD WAS JUST FOR STARTERS SO TO SPEAK. WE KNEW IRAQ SHOULD EVENTUALLY COMMAND THE VALUE FOR ITS' CURRENCY. VERY SOON THE WHOLE WORLD WILL SEE JUST HOW LONELY THEIR CURRENCY WILL BECOME! [post 1 of 3....stay tuned]
3-31-2017 Newshound/Intel Guru Mnt Goat Well we are at the end of March already and we are now moving away from EARLY 2017 timeframe. Still no RV. So what happened? We all should be aware by now what happened and why the CBI will not move forward with the currency reform (the part we want anyhow) until there is STABILITY and SECURITY in Iraq. The aspects must be at levels needed for this to occur. By now all of us also should understand what the CBI means by this statement. Remember Iraq must also get out of sanctions and the UN controls this aspect. But what I do know for certain...is that the CBI will make another attempt very shortly to launch the lower denominations and they will change the rate to a rate conducive to the trading on the global markets. There is now so much evidence pointing in this direction. I am very comfortable where Iraq is right now and know it is just a matter of time.
3-31-2017 Intel Guru RayRen98 On Iraq TV: The US treasury has given Iraq the highest banking award for their new financial system and getting all banks connected online. Abadi is calling for the United Nations to lift chapter 7. (Not sure that's really needed...)
3-31-2017 Newshound/Intel Guru BGG When we talk about the price tag the IMF and the UN have put on Mosul...one has to wonder exactly what leverage the UN has in this game... It is clear what say the IMF has - they are the IMF... but the UN, on the other hand, not so clear...unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 - the sanctions, yes... the protection... I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them - no reason the IMF and the UN won't support a return "international acceptance and integration"...and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question - and the one we all really want to know is... do they even have to be fully out of Chapter 7? My guess. No - they do not...
3-31-2017 Newshound Guru 1bobby ...if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi's looking for.
3-31-2017 Intel Guru Bruce We are not getting any information that we thought we would get today regarding the Arab Summit in Jordan where President Arabi [Abadi?] was the 2nd speaker to speak yesterday morning. We believe he made the announcements he needed to make to inform the people what was going on with Iraq, take back of Mosul, etc. I really think that was all done, but not heard confirmation out of the Middle East. We did hear from the Far East that everything was done and accomplished. Are we going to have an announcement out of there and in our news? It is hard to say. I think they are still holding back the discussion of Iraq dinar being revalued, Iraq returning to sovereignty. Remember they will use the terms like Fair Trade Value instead of the term RV... I believe this is imminent for us. I am excited now as I ever have been in my life. It has been one of anticipation. The revaluation of the blessing has started. We are at the end of our road. We are right there for this to manifest for us.
3-31-2017 Newshound Guru MadDScout Article: "Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII" IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world...I think it says volumes about where they are.
3-31-2017 Newshound Guru Kaperoni Article: "Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII" Quote: "{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam's regime policies." This is important and will motivate them to get the dinar engaged with the global financial system.
3-31-2017 Intel/Newshound Guru Backdoc IN CLOSING THEY ADD, "IT'S A BEAUTIFUL REALITY"! JUST LIKE I SAID, PAST TENSE OR HISTORY NOW! DONE, DONE, DONE. WHAT IS THIS NEW REALITY? OH, IT'S CALLED DEMOCRACY! YES, DEMOCRACY IS A BEAUTIFUL REALITY! CONGRATULATIONS IRAQ, "MR. LONELY" NOW IT'S TIME TO SHOW THAT "NEW REALITY" FINANCIALLY WITH AN INCREASE IN THE VALUE OF YOUR CURRENCY IN THE COMING HRS. OR DAYS! [post 3 of 3]
3-31-2017 Intel/Newshound Guru Backdoc FOR STARTERS, ON THIS ARTICLE IT IS SPEAKING FROM A PAST TENSE POSITION. IT'S SPOKEN AS ALREADY DONE ON THE DAY PRIOR TO APRIL! SO LET'S SEE HERE WHAT IS DONE. WELL, AFTER 14 YEARS THERE IS NO MORE TERRORISM IN IRAQ! WOW! NEXT, THEY CONFIRM STABILITY AND SECURITY. STABILITY IMO IS ALL ABOUT LEADERSHIP! THIS LEADERSHIP SHOWS UP AS FINANCIAL AND POLITICAL! DONE! NEXT THEY SPEAK OF ALL THE DISPLACED PEOPLE HAVE RETURNED TO THEIR HOMES, ALL! NEXT, WE KNOW THE FINANCIAL CORRUPTION HAS COMPLETELY STOPPED DUE TO THE NEW DIGITAL BLOCKCHAIN SOFTWARE THAT PROTECTS THE NEW E-DINAR AS WELL AS ALL GOVERNMENT AND BANKING SYSTEMS! [post 2 of 3....stay tuned]
3-31-2017 Intel/Newshound Guru Backdoc Article: "April 1...Iraq is the best country in the world" THE GLOBAL DEBT PROBLEM COULD ACTUALLY HAVE A SOLUTION WITH IRAQ'S RE-ENTRY IN TO THE INTERNATIONAL ARENA! WELL, THE TIME HAS COME FOR THAT TO HAPPEN! SOME TIME BACK I WROTE A POST ABOUT IRAQ BEING THE LONELIEST NUMBER 1! WE KNEW BACK THEN OF IRAQ'S MASSIVE MINERAL WEALTH. WE KNEW THAT BLACK GOLD WAS JUST FOR STARTERS SO TO SPEAK. WE KNEW IRAQ SHOULD EVENTUALLY COMMAND THE VALUE FOR ITS' CURRENCY. VERY SOON THE WHOLE WORLD WILL SEE JUST HOW LONELY THEIR CURRENCY WILL BECOME! [post 1 of 3....stay tuned]
3-31-2017 Newshound/Intel Guru Mnt Goat Well we are at the end of March already and we are now moving away from EARLY 2017 timeframe. Still no RV. So what happened? We all should be aware by now what happened and why the CBI will not move forward with the currency reform (the part we want anyhow) until there is STABILITY and SECURITY in Iraq. The aspects must be at levels needed for this to occur. By now all of us also should understand what the CBI means by this statement. Remember Iraq must also get out of sanctions and the UN controls this aspect. But what I do know for certain...is that the CBI will make another attempt very shortly to launch the lower denominations and they will change the rate to a rate conducive to the trading on the global markets. There is now so much evidence pointing in this direction. I am very comfortable where Iraq is right now and know it is just a matter of time.
3-31-2017 Intel Guru RayRen98 On Iraq TV: The US treasury has given Iraq the highest banking award for their new financial system and getting all banks connected online. Abadi is calling for the United Nations to lift chapter 7. (Not sure that's really needed...)
3-31-2017 Newshound/Intel Guru BGG When we talk about the price tag the IMF and the UN have put on Mosul...one has to wonder exactly what leverage the UN has in this game... It is clear what say the IMF has - they are the IMF... but the UN, on the other hand, not so clear...unless viewed through this narrow window. I doubt the UN will allow Iraq an immediate exit from Chapter 7 - the sanctions, yes... the protection... I just doubt it. What does this mean for us? As long as they are doing as the IMF and UN have laid out for them - no reason the IMF and the UN won't support a return "international acceptance and integration"...and that is all any of us care about. [what has to happen for them to get out of chapter 7] A better question - and the one we all really want to know is... do they even have to be fully out of Chapter 7? My guess. No - they do not...
3-31-2017 Newshound Guru 1bobby ...if we look at CH 7, the 2 big ones that were given back to Iraq were the right to defend themselves and control of their currency. Having the U.N announce the removal of CH 7 to the world is what Abadi's looking for.
3-31-2017 Intel Guru Bruce We are not getting any information that we thought we would get today regarding the Arab Summit in Jordan where President Arabi [Abadi?] was the 2nd speaker to speak yesterday morning. We believe he made the announcements he needed to make to inform the people what was going on with Iraq, take back of Mosul, etc. I really think that was all done, but not heard confirmation out of the Middle East. We did hear from the Far East that everything was done and accomplished. Are we going to have an announcement out of there and in our news? It is hard to say. I think they are still holding back the discussion of Iraq dinar being revalued, Iraq returning to sovereignty. Remember they will use the terms like Fair Trade Value instead of the term RV... I believe this is imminent for us. I am excited now as I ever have been in my life. It has been one of anticipation. The revaluation of the blessing has started. We are at the end of our road. We are right there for this to manifest for us.
3-31-2017 Newshound Guru MadDScout Article: "Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII" IMO) Abadi can only be asking because, along with other criteria, they are ready, or he would not have asked in front of the world...I think it says volumes about where they are.
3-31-2017 Newshound Guru Kaperoni Article: "Abadi calls during a meeting with Secretary of the United Nations to remove Iraq from Chapter VII" Quote: "{Baghdad} Euphrates News called on Prime Minister Haider al-Abadi to remove Iraq from Chapter VII to end the occupation of Kuwait and file resolutions imposed on the people of Iraq because of Saddam's regime policies." This is important and will motivate them to get the dinar engaged with the global financial system.
3-30-2017 Newshound Guru 1bobby Article: "Abadi calls during his meeting with the Secretary of the United Nations to remove Iraq from Chapter VII" We knew that Iraq was NOT out of Chapter 7, but not in a stranglehold as they had been. They now have the right to defend themselves and control their currency. The issues that are outstanding are the reparations to Kuwait and to the best of my knowledge the Oil for Food/Medicine Program. Now if we look back to late last year Iraq made an announcement that the OFP had ended. If we recall the U.N Rep stated that Iraq has made great progress as far as the OFP and the June date was set as a "let's see what happens between now and then" kind of a date. For Abadi to publicly come out and ask the U.N Secretary General to no longer associate Iraq with Ch 7, is a big move on his part and I doubt he's expecting a no answer. They can still have working files, but to have the U.N come out and publicly rid Iraq of the CH 7 shadow would be a huge move forward. As we have seen Kuwait has been a big supporter of Iraq as of late and has continuously been working with Iraq on outstanding issues.
3-30-2017 Newshound Guru MadDScout Quote: "Little by little, we are seeing roads being repaired and replaced. Electricity is being repaired and upgraded. They have launched satellites that will connect them to the rest of the world. Banks are being updated and brought up to international standards and ready to meet the needs of an international community. The corruption that was once rampant is now being checked at the door." If one has been here long enough, then the news we see now is night and day, as far as progress, and they are getting more and more a better handle on security...
3-30-2017 Intel Guru Frank26 Article: "IRAQ’S CURRENT ECONOMIC OUTLOOK AND HOW IT CAN AFFECT DINAR VALUE" Quote: "With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003." When a Nation Uses and Trades in it's OWN Currency it automatically adds Value and Confidence (Trust) in it. Yes this Baby is Born...But it is in it's infancy...Soon to walk to a run...Quickly. The whole article gives me chilly bumps...!
3-30-2017 Newshound Guru Aggiedad77 Article: "On the sidelines of the Arab summit .. Abadi meets Emir of Kuwait" Sideline meetings at these summit meetings, I have long stressed that more happens on the "sidelines" than really does at the established meetings...and this says they talked of bilateral strengthening...but what they don't tell you is what was discussed before the cameras started to roll...those are the important words...
3-30-2017 Newshound Guru Kaperoni Article: "Iraq’s Current Economic Outlook And How it Can Affect Dinar Value" Quote: "With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003." The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as "artificially low value"...shows a lack of understanding...
3-30-2017 Intel Guru RayRen98 Iraqi TV is reporting ISIS occupying only 7% of Mosul. Abadi speech mostly on people of Iraq and reconstruction. He made reference of peace and wealth transfer. He said Iraq is 93 % liberated of Isis. The following reports have come in...Big explosions and fires in southern Baghdad. Kurdish flag placed in Kirkuk, they are demanding the HCL. Parliament is on break until April 4.
3-30-2017 Newshound Guru Aggiedad77 Article: "Saudi king of Ebadi: Saudi Arabia with the restoration of Iraq's great role in the region" Abadi is making hay left and right at this Summit...he is taking internationalism to a new level for his country and its people.
3-30-2017 Intel Guru Frank26 [Frank...you said there has to be a rate before the HCL can happen. Does that mean before they vote on it or does it take time after the vote to implement it and it needs a rate before its implemented.] IMO...Before implemented.
3-30-2017 Newshound/Intel Guru Mnt Goat Article quote: "The spokesman for the Joint Operations Command Brigadier General Yahya Rasoul. Mosul (IraqiNews.com) The Iraqi security command leading operations against Islamic State in Mosul has said the battle in the west of the city was concluded on the military level." hurray! So we watch and wait to see what the CBI does next. ...I presented some evidence that something (a big currency move) is planned for the very near future.
3-30-2017 Newshound Guru MadDScout Quote: "Little by little, we are seeing roads being repaired and replaced. Electricity is being repaired and upgraded. They have launched satellites that will connect them to the rest of the world. Banks are being updated and brought up to international standards and ready to meet the needs of an international community. The corruption that was once rampant is now being checked at the door." If one has been here long enough, then the news we see now is night and day, as far as progress, and they are getting more and more a better handle on security...
3-30-2017 Intel Guru Frank26 Article: "IRAQ’S CURRENT ECONOMIC OUTLOOK AND HOW IT CAN AFFECT DINAR VALUE" Quote: "With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003." When a Nation Uses and Trades in it's OWN Currency it automatically adds Value and Confidence (Trust) in it. Yes this Baby is Born...But it is in it's infancy...Soon to walk to a run...Quickly. The whole article gives me chilly bumps...!
3-30-2017 Newshound Guru Aggiedad77 Article: "On the sidelines of the Arab summit .. Abadi meets Emir of Kuwait" Sideline meetings at these summit meetings, I have long stressed that more happens on the "sidelines" than really does at the established meetings...and this says they talked of bilateral strengthening...but what they don't tell you is what was discussed before the cameras started to roll...those are the important words...
3-30-2017 Newshound Guru Kaperoni Article: "Iraq’s Current Economic Outlook And How it Can Affect Dinar Value" Quote: "With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003." The problem with that statement is the dinar is not artificially low. It reflects the current exchange rate based on the current conditions. Remember, Shabibi raised the value already from about 3000 / $1 to 1186 /$1 back in 2004-2005 to reduce inflation. Until the market economy takes off, IMO we will not the dinar rise the remainder of the way. To me, making such a statement as "artificially low value"...shows a lack of understanding...
3-30-2017 Intel Guru RayRen98 Iraqi TV is reporting ISIS occupying only 7% of Mosul. Abadi speech mostly on people of Iraq and reconstruction. He made reference of peace and wealth transfer. He said Iraq is 93 % liberated of Isis. The following reports have come in...Big explosions and fires in southern Baghdad. Kurdish flag placed in Kirkuk, they are demanding the HCL. Parliament is on break until April 4.
3-30-2017 Newshound Guru Aggiedad77 Article: "Saudi king of Ebadi: Saudi Arabia with the restoration of Iraq's great role in the region" Abadi is making hay left and right at this Summit...he is taking internationalism to a new level for his country and its people.
3-30-2017 Intel Guru Frank26 [Frank...you said there has to be a rate before the HCL can happen. Does that mean before they vote on it or does it take time after the vote to implement it and it needs a rate before its implemented.] IMO...Before implemented.
3-30-2017 Newshound/Intel Guru Mnt Goat Article quote: "The spokesman for the Joint Operations Command Brigadier General Yahya Rasoul. Mosul (IraqiNews.com) The Iraqi security command leading operations against Islamic State in Mosul has said the battle in the west of the city was concluded on the military level." hurray! So we watch and wait to see what the CBI does next. ...I presented some evidence that something (a big currency move) is planned for the very near future.
3-29-2017 Newshound Guru Aggiedad77 Article: "Iraq Press" published the text of the word Abadi, in the twenty-eighth Arab Summit" Abadi's address at the Arab Summit is a display of a real world statesman, not the rambling of some third world country...unity is paramount here, a gathering of common friends across the region he knows that DAASH is a common foe to them all and is being expelled, never to be accepted again, he speaks from a perspective that reaches far beyond Iraq's borders, internationalism to the max he is preaching, reconciliation not only at the Iraqi level but for all of their neighbors within the Middle East...He is learning from his recent visit I believe to the US and has been bolstered by a strong support from a renewed world power who calls Iraq an ally today...way to go Abadi...IMO.
3-29-2017 Intel Guru Dr. Clarke It's NOT going to happen on April 1, 2017. It IS going to happen in April, though. This Morning, a very high flock of birds flew overhead, and relayed this information, through the partly cloudy forecast...that has now, become a perfectly Sunny Day. It was a little Windy, but we think we heard them say, that in MAY, there'd be WAY MORE MONEY, available, than ever before...think that's what they said...BOOM - CHAKA - CHAKA - BOOM!
3-29-2017 Intel Guru Bluwolf IMPORTANT TO KNOW: ARTICLE 50 WILL BE TRIGGERED TODAY...This will create a DOMINO WORLD EFFECT...The TIME FRAME ELAPSED TODAY. Just be ready to roll...
3-29-2017 Newshound Guru Adam Montana Let me just say, it sure is refreshing to have so much positive activity lately! After a fairly long lull in the news, the dinar is back on the move... [ I was personally pleased to see Abadi planning on running again next year. I know there are a lot of articles out the about corruption. What do you think are the chances that most of the corruption will be cleaned up with or before the next election?] Cleaned up? No chance! But that doesn't cause me any concern... Iraq isn't special or unique in regards to "corruption". Corruption exists everywhere, and it certainly did when their $ was over $3. It will continue to exist in the future, without any regard to their currency value.
3-29-2017 Intel Guru Frank26 [Someone is asking the question...he states that as the IQD is given value that Iraq would make all IQD outside of their borders null and void...] ...no the dinars outside of Iraq will not be null and void...we will exchange them...and here in the US we will go to our banks and our banks will send it to the US Treasury...it is not even going back to the CBI...I told you no one cares about you as an investor...if you add us all up we are not even the size of one country that has a lot of dinars in their reserves as foreign currency reserves...the CBI knows darn well that we are going to exchange our currency in the US...
3-29-2017 Newshound Guru Phillyman Warka Bank News Quote: "Dear Customers...Appendix mainstream CBI to all Government institutions and companies to lift the guardianship and allow the Bank to exercise all his works and activities." This is the first news they have posted since August 25, 2016. This one is dated March 26, 2017. The news was in arabic and this is the translation. Looks like good news to me.
3-29-2017 Intel Guru Bruce I am excited to tell you where we are with our timing. What I am hearing so far is we understand Prime Minister Abadi left yesterday [Monday] for Jordan for the Arab Summit. He is to speak tomorrow morning [Wednesday] as the 2nd speaker at the Arab Summit. Also we think that Iraq take back of Mosul has been complete for some time now. Even the two banks that were not up and running in Western Mosul are back on line 4 to 5 days ago. We need for Iraq sovereignty to be mentioned. We need for their currency which was reinstated and revalued in-country mentioned as a revalued currency internationally. Those are a few things we would look for Prime Minister Abadi to mention. What we are waiting for is not a contingency on that. In terms of everything, I can’t tell you anything else. We are right there. We could get notified tonight. It looks extremely good for tomorrow [Wednesday]. Hopefully this will come to us in the next day or so.
3-29-2017 Intel Guru Dr. Clarke It's NOT going to happen on April 1, 2017. It IS going to happen in April, though. This Morning, a very high flock of birds flew overhead, and relayed this information, through the partly cloudy forecast...that has now, become a perfectly Sunny Day. It was a little Windy, but we think we heard them say, that in MAY, there'd be WAY MORE MONEY, available, than ever before...think that's what they said...BOOM - CHAKA - CHAKA - BOOM!
3-29-2017 Intel Guru Bluwolf IMPORTANT TO KNOW: ARTICLE 50 WILL BE TRIGGERED TODAY...This will create a DOMINO WORLD EFFECT...The TIME FRAME ELAPSED TODAY. Just be ready to roll...
3-29-2017 Newshound Guru Adam Montana Let me just say, it sure is refreshing to have so much positive activity lately! After a fairly long lull in the news, the dinar is back on the move... [ I was personally pleased to see Abadi planning on running again next year. I know there are a lot of articles out the about corruption. What do you think are the chances that most of the corruption will be cleaned up with or before the next election?] Cleaned up? No chance! But that doesn't cause me any concern... Iraq isn't special or unique in regards to "corruption". Corruption exists everywhere, and it certainly did when their $ was over $3. It will continue to exist in the future, without any regard to their currency value.
3-29-2017 Intel Guru Frank26 [Someone is asking the question...he states that as the IQD is given value that Iraq would make all IQD outside of their borders null and void...] ...no the dinars outside of Iraq will not be null and void...we will exchange them...and here in the US we will go to our banks and our banks will send it to the US Treasury...it is not even going back to the CBI...I told you no one cares about you as an investor...if you add us all up we are not even the size of one country that has a lot of dinars in their reserves as foreign currency reserves...the CBI knows darn well that we are going to exchange our currency in the US...
3-29-2017 Newshound Guru Phillyman Warka Bank News Quote: "Dear Customers...Appendix mainstream CBI to all Government institutions and companies to lift the guardianship and allow the Bank to exercise all his works and activities." This is the first news they have posted since August 25, 2016. This one is dated March 26, 2017. The news was in arabic and this is the translation. Looks like good news to me.
3-29-2017 Intel Guru Bruce I am excited to tell you where we are with our timing. What I am hearing so far is we understand Prime Minister Abadi left yesterday [Monday] for Jordan for the Arab Summit. He is to speak tomorrow morning [Wednesday] as the 2nd speaker at the Arab Summit. Also we think that Iraq take back of Mosul has been complete for some time now. Even the two banks that were not up and running in Western Mosul are back on line 4 to 5 days ago. We need for Iraq sovereignty to be mentioned. We need for their currency which was reinstated and revalued in-country mentioned as a revalued currency internationally. Those are a few things we would look for Prime Minister Abadi to mention. What we are waiting for is not a contingency on that. In terms of everything, I can’t tell you anything else. We are right there. We could get notified tonight. It looks extremely good for tomorrow [Wednesday]. Hopefully this will come to us in the next day or so.
3-28-2017 Intel Guru Frank26 The WB, UST, IMF...they have a lot of requirements ...in order to move forward with their market economy...they must lift the value of their currency. The audits are a demand by President Trump. I don’t think they’ll tell us when they’ll do the audits...but as soon as they do...IMO..they could go international in nanoseconds. They’ve (Abadi/Trump) told you...it’s their goal to abolish the exchange rate restrictions.
3-28-2017 Newshound Guru chattels Article: "Iraqi News reporting US troop level increases. "America sends more troops to Iraq" It will be interesting to look for commentary in the news from Sadr and others.
3-28-2017 Newshound/Intel Guru Mnt Goat Article quote: "The cabinet voted during its meeting in this March 14, 2017 on a draft law of the Iraqi National Oil Company and to allocate it to the Council." so now the bill gets sent to parliament for a vote, it is NOT yet done. This is the much needed part of the HCL to finalize it too. It is all coming together.
3-28-2017 Intel/Newshound Guru Backdoc ...I LIKE HOW IRAQ IS DEPLETING THE CASH FOOTPRINT BY GOING DIGITAL WITH PAYMENTS FROM THE GOVERNMENT AND BANKS. WHEN IRAQ OPENS INTERNATIONALLY THEY WILL CHANGE VALUE WON'T THEY? WELL THIS WILL REDUCE THE PAPER FACE VALUE SINCE THE DIGITAL WILL SIMPLY BE ADJUSTED TO VALUE WHILE REDUCING THE PAPER FACE VALUE. THIS REDUCES THE PAPER SIGNIFICANTLY IN THEIR COUNTRY...IMO.
3-28-2017 Intel Guru Frank26 The MR...is in its infancy. When it happens...it will happen very quickly. I believe that is what is happening due to the private meetings with Abadi and Trump, etc. and I believe they are past talking about the exchange rate. Trump has given Abadi some advice/direction on what to do inside of Iraq to help with the economic reform. ...the CBI made an announcement (on the Arabic side) of the CBI website. This announcement came out with great power to the banks ...but, this is OLD news. The fact that they are telling us (at least on the Arabic side) is incredible. We believe that this announcement ...is extremely important...We believe this is a by-product from the Trump/Abadi meetings. IMO...with this announcement...they have sped up the MR. The speed...it will happen very quickly...once we have Mosul. Another thing...IOO ...they are telling the banks to DO THIS NOW...because they are about to be audited so they are ready to go INTERNATIONAL. IMO...the 1st quarter will finish the monetary reform. The banks better be damn ready.
3-28-2017 Newshound Guru loop Article: "Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. "The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
3-28-2017 Newshound Guru Kaperoni Article: "Governmental directives to amend legislation in the transition to a free economy" Quote: "The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments." He added that " the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards." We will have to watch the agenda's the next few weeks and see if parliament acts.
3-28-2017 Newshound Guru chattels Article: "Iraqi News reporting US troop level increases. "America sends more troops to Iraq" It will be interesting to look for commentary in the news from Sadr and others.
3-28-2017 Newshound/Intel Guru Mnt Goat Article quote: "The cabinet voted during its meeting in this March 14, 2017 on a draft law of the Iraqi National Oil Company and to allocate it to the Council." so now the bill gets sent to parliament for a vote, it is NOT yet done. This is the much needed part of the HCL to finalize it too. It is all coming together.
3-28-2017 Intel/Newshound Guru Backdoc ...I LIKE HOW IRAQ IS DEPLETING THE CASH FOOTPRINT BY GOING DIGITAL WITH PAYMENTS FROM THE GOVERNMENT AND BANKS. WHEN IRAQ OPENS INTERNATIONALLY THEY WILL CHANGE VALUE WON'T THEY? WELL THIS WILL REDUCE THE PAPER FACE VALUE SINCE THE DIGITAL WILL SIMPLY BE ADJUSTED TO VALUE WHILE REDUCING THE PAPER FACE VALUE. THIS REDUCES THE PAPER SIGNIFICANTLY IN THEIR COUNTRY...IMO.
3-28-2017 Intel Guru Frank26 The MR...is in its infancy. When it happens...it will happen very quickly. I believe that is what is happening due to the private meetings with Abadi and Trump, etc. and I believe they are past talking about the exchange rate. Trump has given Abadi some advice/direction on what to do inside of Iraq to help with the economic reform. ...the CBI made an announcement (on the Arabic side) of the CBI website. This announcement came out with great power to the banks ...but, this is OLD news. The fact that they are telling us (at least on the Arabic side) is incredible. We believe that this announcement ...is extremely important...We believe this is a by-product from the Trump/Abadi meetings. IMO...with this announcement...they have sped up the MR. The speed...it will happen very quickly...once we have Mosul. Another thing...IOO ...they are telling the banks to DO THIS NOW...because they are about to be audited so they are ready to go INTERNATIONAL. IMO...the 1st quarter will finish the monetary reform. The banks better be damn ready.
3-28-2017 Newshound Guru loop Article: "Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. "The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
3-28-2017 Newshound Guru Kaperoni Article: "Governmental directives to amend legislation in the transition to a free economy" Quote: "The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments." He added that " the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards." We will have to watch the agenda's the next few weeks and see if parliament acts.