Dinar Guru Posts of the Day...
See the full post in the archive...Click here and look up the date & guru.
See the full post in the archive...Click here and look up the date & guru.
7-5-2012 Newshound Guru Mailman17 WE SEE THEY PLAN ON GETTING THE NEW BILLS OUT BY THE NEW YEAR WE ALSO SEE THEY WANT...THE NEW RATE IN THE NEW BUDGET, THAT BEING THE 2013.
[Lots of other guru posts about articles on 7-5-2012]
7-2-2012 Intel Guru Bulldog75 'MANAGED FLOAT' CAN FLUCTUATE ONLY 2% EVERY 90 DAYS; AND A 'DIRTY FLOAT' IS EVERY HOUR, 24/7/365. WHAT FLAVOR DO U WANT? SHABS IS AT THE BAGHDAD MALT SHOP. THE FLOATS ARE READY AND EITHER FLAVOR WILL WORK.
7-1-2012 Newshound Guru Kaperoni The CBI has been dollarizing Iraq for months. We have proof of that in Auctions, articles, videos and even statements from the CBI. In fact, there was an article just the other day, that Saleh said the money supply (in country) was 3 trillion. A very manageable state. As for out of country, that has also been explained by the CBI once again that they want the dinar to not only be a "reserve foreign currency" but a "hard currency" like the dollar. In fact they said, the dinar will be held for by the world’s central banks for a very long time. Which all means that the majority of the dinar out of country (is part of a plan and a controlled leak), is not going to be returned to the CBI. That is direct from the CBI. Therefore, this information is credible and high up the totem pole
6-22-2012 Newshound Guru Adam Montana the IQD has been removed from most banks because there was so much confusion and uncertainty about it. Once the new notes are introduced and the world sees that the value has indeed gone up, and is continuing to go up and stabilize, I have no doubt that our local banks will resume trading it.
6-22-2012 Newshound Guru Med IF THE FACTS ARE TRUE THEN THE END DATE IS 1/1/2013, END DATE AS IN THE ISSUE OF CURRENCY, WHICH SHOULD NOT MEAN ANYTHING TO US SINCE THE ISSUE OF CURRENCY IS TO PROCEED AFTER THE NEW RATE. A TIMELINE THEN, BASED ON THE DATE OF ISSUE AND IF THE NEW RATE SUPERCEDES THE ISSUE THAN WE HAVE 193 DAYS FOR THEM TO REVALUE THE DINAR ANY TIME DURING THAT 193. IT IS JUST COMMON SENSE NOTHING MORE AND BASED ALL ON FACTS AVAILABLE.
6-20-2012 Newshound Guru Adam Montana The CBI is...reporting that when the new denominations come out, they plan to let them co-exist for a full year, and they are blatantly telling us that they plan to increase the value at the same time.
6-16-2012 Newshound Guru Mike ...this article pretty much point blank tells you that the Central Bank is in charge of the process and that they are the ones that are going to take care of all of the deleting of the zeroes and anything that has to do with the monetary policy...there also still letting the people know they are still moving forward...we've got our plan and we are working our plan...we believe sometime before they delete these zeroes they are going to go ahead and revalue.
6-15-2012 Newshound Guru Med GREAT FIND...FROM THE MAJOR NEWS SOURCE...THE VOICE OF IRAQ. THIS TELLS THAT THE CENTRAL BANK IS FIRST DELETING THE ZERO'S FROM THE NOMINAL VALUE, THEN THE GOVT AND THE PARLIAMENT HAVE DECIDED ON THE THEME FOR THE NEW CURRENCY THAT WILL BE ISSUED AFTER THE NEW EXCHANGE RATE IN EARLY 2013.
6-12-2012 Newshound Guru Med NOW THIS JUNE 15TH MEETING WITH THE UNSC IS ALWAYS MISINTERPRETED AS A CHAPTER VII MEETING, IT IS NOT.
6-12-2012 Newshound Guru Scooter I think that shabs has three [rates] they've somewhat indicated these in the country reports two years ago from the imf there's a low ceiling, mid ceiling, and high ceiling...the low would be under the .86 range the mid tier between 1.00 - 2.05 and the high upper two's...
6-6-2012 Newshound Guru Mike to get an idea and picture of what is going on over there, one guy is afraid of putting his $6000 USD in the bank – afraid it is going to disappear – He has saved it for 14 years of his life – Think about that and put it in perspective – .you’ve never had any stability in anything that has gone on over there...now you are expected to go into the banking system and have stability now...slow but sure..baby steps...its working – they are working the plan and they are moving forward – great stuff.
[Lots of other guru posts about articles on 7-5-2012]
7-2-2012 Intel Guru Bulldog75 'MANAGED FLOAT' CAN FLUCTUATE ONLY 2% EVERY 90 DAYS; AND A 'DIRTY FLOAT' IS EVERY HOUR, 24/7/365. WHAT FLAVOR DO U WANT? SHABS IS AT THE BAGHDAD MALT SHOP. THE FLOATS ARE READY AND EITHER FLAVOR WILL WORK.
7-1-2012 Newshound Guru Kaperoni The CBI has been dollarizing Iraq for months. We have proof of that in Auctions, articles, videos and even statements from the CBI. In fact, there was an article just the other day, that Saleh said the money supply (in country) was 3 trillion. A very manageable state. As for out of country, that has also been explained by the CBI once again that they want the dinar to not only be a "reserve foreign currency" but a "hard currency" like the dollar. In fact they said, the dinar will be held for by the world’s central banks for a very long time. Which all means that the majority of the dinar out of country (is part of a plan and a controlled leak), is not going to be returned to the CBI. That is direct from the CBI. Therefore, this information is credible and high up the totem pole
6-22-2012 Newshound Guru Adam Montana the IQD has been removed from most banks because there was so much confusion and uncertainty about it. Once the new notes are introduced and the world sees that the value has indeed gone up, and is continuing to go up and stabilize, I have no doubt that our local banks will resume trading it.
6-22-2012 Newshound Guru Med IF THE FACTS ARE TRUE THEN THE END DATE IS 1/1/2013, END DATE AS IN THE ISSUE OF CURRENCY, WHICH SHOULD NOT MEAN ANYTHING TO US SINCE THE ISSUE OF CURRENCY IS TO PROCEED AFTER THE NEW RATE. A TIMELINE THEN, BASED ON THE DATE OF ISSUE AND IF THE NEW RATE SUPERCEDES THE ISSUE THAN WE HAVE 193 DAYS FOR THEM TO REVALUE THE DINAR ANY TIME DURING THAT 193. IT IS JUST COMMON SENSE NOTHING MORE AND BASED ALL ON FACTS AVAILABLE.
6-20-2012 Newshound Guru Adam Montana The CBI is...reporting that when the new denominations come out, they plan to let them co-exist for a full year, and they are blatantly telling us that they plan to increase the value at the same time.
6-16-2012 Newshound Guru Mike ...this article pretty much point blank tells you that the Central Bank is in charge of the process and that they are the ones that are going to take care of all of the deleting of the zeroes and anything that has to do with the monetary policy...there also still letting the people know they are still moving forward...we've got our plan and we are working our plan...we believe sometime before they delete these zeroes they are going to go ahead and revalue.
6-15-2012 Newshound Guru Med GREAT FIND...FROM THE MAJOR NEWS SOURCE...THE VOICE OF IRAQ. THIS TELLS THAT THE CENTRAL BANK IS FIRST DELETING THE ZERO'S FROM THE NOMINAL VALUE, THEN THE GOVT AND THE PARLIAMENT HAVE DECIDED ON THE THEME FOR THE NEW CURRENCY THAT WILL BE ISSUED AFTER THE NEW EXCHANGE RATE IN EARLY 2013.
6-12-2012 Newshound Guru Med NOW THIS JUNE 15TH MEETING WITH THE UNSC IS ALWAYS MISINTERPRETED AS A CHAPTER VII MEETING, IT IS NOT.
6-12-2012 Newshound Guru Scooter I think that shabs has three [rates] they've somewhat indicated these in the country reports two years ago from the imf there's a low ceiling, mid ceiling, and high ceiling...the low would be under the .86 range the mid tier between 1.00 - 2.05 and the high upper two's...
6-6-2012 Newshound Guru Mike to get an idea and picture of what is going on over there, one guy is afraid of putting his $6000 USD in the bank – afraid it is going to disappear – He has saved it for 14 years of his life – Think about that and put it in perspective – .you’ve never had any stability in anything that has gone on over there...now you are expected to go into the banking system and have stability now...slow but sure..baby steps...its working – they are working the plan and they are moving forward – great stuff.
6-5-2012 Newshound Guru Breitling The CBI has a plan...a report came out and some people didn't pay attention to it. The General Inspector said that we are going to revalue for just under a buck. They let the cat out of the bag. In September they are going to print the money and in January supposedly put the new currency out & start redenominating at a 1 - 1 exchange, but I'm not betting on a time frame.
6-2-2012 Newshound Guru SWFloridaGuy When the time comes the CBI will send a new adjusted rate to the BIS (in accordance with the IMF and World Bank's approval and instruction) for release either alone or in a small basket back to all the Central Banks. The new rate will go live all around the world instantaneously. At that point people holding large notes will be given 2 choices: Trade in for lower denoms they can hold indefinitely or exchange for another currency, in our case USD.
5-25-2012 Newshound/Intel Guru ArizonaHeat I spoke to some friends in Washington and they totally agree with the gradual climb of the Dinar in the coming months...They are in total agreement with the larger notes working side by side with the smaller denoms for 12 to 18 months... They DO NOT agree with the scenario of a LOP. And as far as the timing of the smaller note with the larger notes, they were looking over Shabibis timeline of this September....
5-24-2012 Newshound Guru Adam Montana ...I know a lot of people get fed up with waiting, and sometimes impatience can lead to negative thinking... I just go back to my core beliefs in Iraq...is the country making progress? YES. Are they fixing problems? YES. Has the value of the Dinar already gone up? YES. Do I think they will keep doing this? YES, YES, YES.
5-21-2012 Newshound Guru Doc With the information we received over the weekend there is no more argument as to the RV rate or LOP. First the SIGIR report clearly states "...the reform would have made the dinar's value slightly less than $1."
5-18-2012 Newshound Guru Adam Montana ...This currency, the Iraqi Dinar, has gone up in value since it dramatically crashed...The Iraqi Dinar may not increase 1000% overnight, but in my opinion...it's going to keep going up. More importantly...I like the potential to not only make good money, but to make a LOT of good money....Summary - the Dinar is not a scam, it is a currency. If you hold authentic notes, you have not been "scammed".
5-16-2012 Intel/Newshound Guru Poppy3 The rv will happen only when Dr Shabibi says he has a full supported GOI and a Erbil agreement with shared power including article 140...that can happen in a matter of hours and I believe the man.
5-16-2012 Newshound Guru Bondlady much depends on these tarriff taxes...big businesses want to know about these things before they will venture in to invest...without these taxes, say bye bye to the WTO... Iraq must have a CONVERTIBLE CURRENCY...
5-16-2012 Newshound Guru Doc ...Shabibi plans on going into 2013 with the dinar as the currency of choice in Iraq. Numerous articles are confirming this. To do so he has stated the new currency needs to be printed starting September. He also has stated to dedollarize the dinar needs to be on par with the USD. What we do not know is exactly how much time he believes it will take to dedollarize. We have guessed at 3-6 months based on sketchy information which is why we continue to maintain a June to September window.
5-10-2012 Newshound Guru Med IRAQ HAS 816 BILLION USD HERE IN THE U.S. FROM THE DFI..IS IT CH VII, REMEMBER ONCE THAT IS RELEASED IT GOES TO CBI, COULD YOU IMAGINE WHAT 816 BILLION WOULD DO FOR THE DINAR. UNDER NORMAL CONDITIONS A COUNTRY IS PROTECTED FROM BEING SUED BY INTERNATIONAL LAW, IRAQ IS NOT, THEY WERE STRIPPED OF IT...THAT IS WHY ALL THAT MONEY IS PROTECTED BY THE U.S. PRESIDENT. IF PRESIDENT OBAMA AND BUSH DID NOT PROTECT IT UNDER PO 13303 THEN EVERY PERSON OR COUNTRY OR COMPANY WHO HAS SUED THEM AND WON COULD TAKE FROM IT IMMEDIATELY.
5-9-2012 Newshound Guru Adam Montana ... I used to have a whole laundry list of things that needed to happen before an RV. That list has whittled down to TWO things: HCL, and Chapter 7. That's IT. The RV will not happen until those two things happen.
5-7-2012 Newshound Guru SWFloridaGuy The current rate of the IQD was never designed to be a permanent fixture. It's simply a place holder, an imposed, artificial rate that has never represented the countries genuine standing in the world. Iraq truly is a gold mine and we expect to see our suspicions confirmed very soon.
5-3-2012 Intel Guru ArizonaHeat A couple of things you will see post RV. Any bank that deals with foreign currency, will cash in the dinar, no bank will stay open 24 hours (they might take appointments at all hours by phone) but no 24 hour one stop shopping...look for something sensible as a cash in rate. Be it 1 to 1 or something super high like 6 to 1. No need to break a hip trying to get to the bank. There will be plenty of time.
5-2-2012 Newshound Guru Adam Montana The whole "rate lock" thing is an absolute JOKE, and I hope you can all relate that to anyone who thinks they might get a "lock". You are going to get whatever the rate is WHEN YOU ARE AT THE WINDOW, not what it was two days ago or what it might be in 2 more days. You are also going to pay the "going rate" for SPREAD.
5-2-2012 Newshound Guru Adam Montana ...Article 8 and Chapter 7 are very important, though. Article 8 is a financial/monetary thing with the IMF. Chapter 7 is a restriction placed on a country by the UN. For Iraq to have the full support of the IMF, they need to be in compliance with Article 8. For Iraq to have full legal rights as a sovereign country they need to be out from under Chapter 7... We need them both. ["continued in post 2...stay tuned"]
5-2-2012 Newshound Guru Doc We ask the question whether you would take a straight RV of 1 cent or a three 0 LOP and RV of $10?... In both cases 1 million dinar are worth $10,000. The only way we see the rumored high rates actually happening is with this LOP/RV scenario. However, all news releases (and our opinion) continue to support a straight RV of up to $1 with a possible scenario of something less than $1 with a stepped progression to $1 in the term.
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-30-2012 Newshound Guru Med FROM WHAT I CAN READ IS THEY ARE NOT ISSUING THE NEW DENOMS IN SEPT THAT TO ME IS STILL FOR JAN 2013 BUT THEY ARE GOING TO START THE REMOVAL OF THE 3 ZERO'S FROM THE NOMINAL VALUE IN SEPTEMBER....
4-27-2012 Newshound Guru Doc ...Reality is we still have no internationally recognized tradable currency. All the news continues to point to the key issues being addressed to get there such as chapter 7, Ebril, etc and we do maintain it is a matter of when not if....
4-24-2012 Newshound Guru Med [Post 3 of 4] IT [THE DINAR] NEEDS TO BE TRADEABLE NO MATTER WHAT THE RATE IS AND THEY NEED TO DECLARE A FREE MARKET ECONOMY. INTERNATIONAL CURRENCY MEANS THAT THOSE THAT TAKE IT MUST HAVE NOW CONFIDENCE IN IT, IT WORKS THE SAME INTERNALLY AND EXTERNALLY IF A COUNTRY WONT ACCEPT IT AS PAYMENT EVEN IF IT IS TRADEABLE THIS WILL CAUSE THE DINAR TO LOSE VALUE ALSO...AND THE REASON WHY A COUNTRY MIGHT NOT IS STABILITY OF THE GOVT AND LET'S FACE IT THEY SURE AS HECK ARE NOT STABLE. ["continued in post 4...stay tuned"]
4-24-2012 Intel Guru Bear5642 [Post 1 of 2] UNTIL IRAQ SETTLES THE POLITICAL UNREST IN THEIR COUNTRY THIS IS NOT GOING TO HAPPEN. WE NEED A GOI AND THEY NEED A STABLE GOVERNMENT.
4-23-2012 Newshound Guru Doc [Post 3 of 3] Our current opinion continues as it was stated several months ago. Iraq is simply not ready for a significant change in its currency. Chapter 7 and/or Ebril need to be resolved and with this the dinar instated as a recognized, internationally traded currency. It is only at this point will Iraq be in a position to RV..
4-22-2012 Newshound Guru SWFloridaGuy [Post 2 of 3] The IMF's report claims that Iraq is a rapidly emerging market with ENORMOUS potential. The total number of investments in Iraq rose 80.4% last year alone. So, clearly we are not alone in seeing Iraq's potential for growth and recognizing this is a once in a life time opportunity. Also documented in this report is the need for Iraq to implement the Erbil and long time HCL strategy in the next 6 months...
4-21-2012 Intel Guru BWM ...looks like we need to go over some definitions again... LIVE-means a cashable, active buy/sell rate that you can go to the bank for...PENDING-means a rate that is showing but waiting to be activated and could be a placeholder for a future rate...
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-20-2012 Newshound Guru Russell from Oz [new guru] [Post 3 of 7] THE FACT IS THIS... Shabibi doesn’t care how many Dinars are held outside Iraq, because he has stated several times that those dinars will be held as “Foreign Currency Reserves” in those outside countries. They are basically an investment in the growth of the country that issued that currency...this has allowed the USA to print massive amounts of dollars that will NEVER be cashed in. These countries holding US$ in foreign reserve accounts CAN’T EVER cash them in for their own currency, because if they do it will collapse the US$ and the worlds currency system TOTALLY. (yup, the worlds monetary system is just a house of cards, whether you like it or not... and it always has been). ["continued in post 4...stay tuned"]
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4-20-2012 Newshound Guru SWFloridaGuy [Post 1 of 2] There is no way in this day in age where information travels so fast, that the IMF and World Bank would allow Iraq to raise their exchange rate in-country only, giving the entire world a heads up. When the CBI releases an adjusted rate per the IMF and World Bank's approval and instruction it will be sent to the BIS. From there the IQD either alone or together with a small basket of currencies will be released and sent to all central banks around the world. It won't go country to country or East to West. Whether a bank is open or closed it will be sitting in their system and adjusted right along with the rest of the world to prevent massive runs on currency and for many other obvious reasons. ["continued in post 2...stay tuned"]
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-18-2012 Newshound Guru Adam Montana [Post 3 of 4] if they were to drastically raise the value of the dinar, it is in their best interest to have as little dinar in circulation as possible if the citizens prefer USD at this time, then the CBI can continue sucking dinar back in, which leaves less on the street. THEN when they raise the value, suddenly the Iraqis will WANT IQD instead of USD. This is a NO-BRAINER! When the Iraqis suddenly want IQD instead of USD, we have DEMAND. Demand drives price, so this sudden demand will help to FURTHER RAISE THE VALUE. ["continued in post 4...stay tuned"]
4-18-2012 Newshound Guru Breitling They are Redenominating...they are by law taking the old notes, you will be forced to cash them in. ...There's a lot missing. You can only go by their agenda & what they announce every once in a while of what they are doing.
4-15-2012 Newshound Guru Ennorste [Post 4 of 5] the money supply will DROP from the current 25 trillion dinars to about 25 billion dinars, as they had predicted clear back in 2007 and re-iterated in 2009 and 2010 and 2011. After September the dinar will continue to rise in value until it reaches equilibrium in the international market...With 25 billion in money supply and $3.50 for the dinar they will have about $77.5 billion in money supply with $60 billion in reserves, by far the strongest currency in the world. ["continued in post 5...stay tuned"] [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-15-2012 Newshound Guru Ennorste [Post 3 of 5] Not only have most of the large notes already been withdrawn (Shabibi stated so) but the few that remain will disappear after the $1 RV, probably in the near future. By September there will be no large notes left. The currency, per their own press conference, will consist of 1 to 100 dinar notes, with values of about $1 per dinar. ["continued in post 4...stay tuned"]
4-13-2012 Newshound Guru Adam Montana regarding it being a scam - it's a currency. I don't think the value will go down... at the end of the day, it's just the currency of a foreign country and that's it. [definition of the terms] RV: Revaluation. The current value of the Dinar according to the CBI is 1166 per 1USD. If they "RV" the currency, that number changes. One theory is that they will "RV" the currency drastically, which would put a lot of cash in our pockets. RD: ReDenomination. This is where they take the current notes (250, 5000, 25000, etc) and add new denominations (like 1,5,10, etc). This is a 0 gain and 0 loss situation without the addition of a change in value. ["continued in post 4...stay tuned"] [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-11-2012 Intel Guru Poppy3 No country or three letter agency can come in and change a countries currency without their complete approval...
4-10-2012 Newshound Guru Bondlady We want to see these things happen: HCL, article 140 implimented in full, (be nice if the set a total goi but it doesnt all entirely depend on that) inflation and monetary change. These 3 things including ch 7 is huge things for us. Ch 7 so we can go international or be traded international. Give me a 7 the rest will work out imo...So banks will deal with it, ch 7 will let that happen. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-9-2012 Newshound Guru Doc [Post 3 of 4] There was a fantastic article which a member of the Finance Committee was quoted in saying the general population has no confidence in the dinar and called for the CBI to take action immediately. We learned from this that the USD continues to be the currency of choice and its value is increasing on the streets. We continue to be of the opinion that it will take an RV in the range of $1 to de-dollarize...
4-9-2012 Intel Guru BGG [Post 1 of 2] until we have resolution on the political front in Iraq with the remaining Ministers seated, agreed to and the Erbil agreement completely implemented (which was just adjudicated "constitutional" by the Supreme Judiciary), it is entirely unlikely that this bank notification, rate changing or Forex info can be valid... [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-4-2012 Newhound Guru Doc ...we believed that chapter 7 release was Maliki's main objective and that the RV was being held hostage in that political fight. We continue with that position. We maintain Maliki continues to use the RV as a bargaining chip for chapter 7 release but is playing a dangerous game...
4-4-2012 Newshound Guru Enorrste the IMF, the World Bank, and the US Administration...none of these institutions are in a position to either improve things, move them along more quickly, or delay them in any sense...I believe that Maliki is holding out for a full release from Chapter VII sanctions from the UN. I believe, but cannot prove, that he will allow the RV immediately on release from Chapter VII. Having said that, however, does not mean that the RV will occur.
4-3-2012 Newshound Guru Mailman17 SHABS IS...OUT FOR THE BEST INTERESTS OF IRAQ AND KNOWS FULL WELL HE CANNOT RV WITHOUT THE LAWS PERTAINING TO BANKING, INVESTMENT AND TAXES DONE. THATS WHAT WE WAIT FOR...WE SHALL SEE....TICK TOCK [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-31-2012 Newshound Guru SWFloridaGuru How can anyone say it's been in the banks since June 2011? Shabibi first has to give the go-ahead to the CBI with the IMF and World Bank's approval, send it to the BIS and from there either the adjusted rate, or basket of rates, will be released at a random time, by design to keep anyone from knowing the exact moment. That is how RV's/RI's/DV's work. New rates don't sit in the banks in the US, giving everyone a heads up for obvious reasons...
3-30-2012 Newshound Guru Kaperoni there are the facts: 32 trillion dinar, you can take 10 trillion off that for foreign reserves that leave 22 trillion, now we need the CBI to collect most of that to get that to about 1-4 trillion then they can RV at 1 to 1 and support it, if that does not happen, there is no solution but a LOP and then a RV and you will get little return...[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-29-2012 Newshound Guru Adam Montana [Post 4 of 7] I don't think a "slow RV" is possible, but IF that happens it would actually be a good thing because it would eliminate the possibility of a "cash in window". ...they will be forced to honor all denominations and at the SAME TIME they would be forced to release the lower denominations. I think it's more likely that they do a small "hard RV" then slowly grow, but either way, it's good for us. One way just takes longer. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-28-2012 Newshound Guru Kaperoni [Post 2 of 5] …[article quote] "gradually raise it’s value against the dollar to equal” or “raise its value gradually against the dollar up to be equal any dinars per dollar.” We can take from this that the dinar will not LOP or redenominate ... a great quote…”intentions of raising the value of all Iraqi dinars to equal one dollar” That is spectacular because LOPsters want you to think your large 3 zeros notes will only be worth $21....All notes will appreciate in value. ["continued in post 3...stay tuned"]
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3-28-2012 Intel Guru Poppy3 the plan for new currencies was passed back last november when they agreed to print new bills that will have 3 languages on them and yes they will co exsist for a time with the new lower denoms they have in hand now. It doesnt effect the bills we are holding...the new bills are to show up in september. But has no relation to the rv happening now. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-27-2012 Newshound Guru Med ...THE FINAL TIMELINE STILL ELUDES US BUT WE ARE WITHIN MONTHS OF IT STARTING OR BEING OVER. IT COULD START IN SEPTEMBER OR IT COULD BE OVER BY THEN OR IT COULD BE OVER BY JAN 2013. THAT WINDOW IS REALLY AROUND 4-6 MONTHS... [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-26-2012 Newshound Guru Doc [Post 2 of 2] The article quoted a CBI source as saying "Central Bank will raise the value of the dinar against the dollar gradually towards the day to begin replacement where the value will be in the absence of a wiggle one equivalent of IQD one US dollar". We learn two things ... One the rate will be in the neighborhood of 1 to 1. . The second thing we learn is the initial rate may be less than 1 to 1 and gradually raised to $1. How much less is still a guess.
3-26-2012 Newshound Guru SWFloridaGuru It's far easier to be happy with this investment when we have a balanced approach and realize currency plays don't happen over night and that's ok. Iraq is clearly on the way to having a tradeable currency once again. All the signs are there...Issues that have been around for years have been resolved and we speculate we're very close to the end.
.[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-25-2012 Newshound Guru Med ...I THINK THEY CHANGED HOW THEY WERE GOING TO DROP 3 ZERO'S. I DONT THINK THE GRADUAL INCREASE IN THE VALUE WAS THE FIRST CHOICE OF HOW TO DO IT. I KNOW THAT MANY JUST WANTED TO WAKE UP AND IT WOULD BE .86. ... IT MEANS YOU WILL BE ABLE TO SEE ACTUAL GROWTH IN THE HARD CURRENCY YOU ARE HOLDING AND ALSO BECAUSE IT WILL KEEP CBI FROM LOPPING THE LARGE DENOMS.
.[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-30-2012 Newshound Guru Med FROM WHAT I CAN READ IS THEY ARE NOT ISSUING THE NEW DENOMS IN SEPT THAT TO ME IS STILL FOR JAN 2013 BUT THEY ARE GOING TO START THE REMOVAL OF THE 3 ZERO'S FROM THE NOMINAL VALUE IN SEPTEMBER....
4-27-2012 Newshound Guru Doc ...Reality is we still have no internationally recognized tradable currency. All the news continues to point to the key issues being addressed to get there such as chapter 7, Ebril, etc and we do maintain it is a matter of when not if....
4-24-2012 Newshound Guru Med [Post 3 of 4] IT [THE DINAR] NEEDS TO BE TRADEABLE NO MATTER WHAT THE RATE IS AND THEY NEED TO DECLARE A FREE MARKET ECONOMY. INTERNATIONAL CURRENCY MEANS THAT THOSE THAT TAKE IT MUST HAVE NOW CONFIDENCE IN IT, IT WORKS THE SAME INTERNALLY AND EXTERNALLY IF A COUNTRY WONT ACCEPT IT AS PAYMENT EVEN IF IT IS TRADEABLE THIS WILL CAUSE THE DINAR TO LOSE VALUE ALSO...AND THE REASON WHY A COUNTRY MIGHT NOT IS STABILITY OF THE GOVT AND LET'S FACE IT THEY SURE AS HECK ARE NOT STABLE. ["continued in post 4...stay tuned"]
4-24-2012 Intel Guru Bear5642 [Post 1 of 2] UNTIL IRAQ SETTLES THE POLITICAL UNREST IN THEIR COUNTRY THIS IS NOT GOING TO HAPPEN. WE NEED A GOI AND THEY NEED A STABLE GOVERNMENT.
4-23-2012 Newshound Guru Doc [Post 3 of 3] Our current opinion continues as it was stated several months ago. Iraq is simply not ready for a significant change in its currency. Chapter 7 and/or Ebril need to be resolved and with this the dinar instated as a recognized, internationally traded currency. It is only at this point will Iraq be in a position to RV..
4-22-2012 Newshound Guru SWFloridaGuy [Post 2 of 3] The IMF's report claims that Iraq is a rapidly emerging market with ENORMOUS potential. The total number of investments in Iraq rose 80.4% last year alone. So, clearly we are not alone in seeing Iraq's potential for growth and recognizing this is a once in a life time opportunity. Also documented in this report is the need for Iraq to implement the Erbil and long time HCL strategy in the next 6 months...
4-21-2012 Intel Guru BWM ...looks like we need to go over some definitions again... LIVE-means a cashable, active buy/sell rate that you can go to the bank for...PENDING-means a rate that is showing but waiting to be activated and could be a placeholder for a future rate...
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-20-2012 Newshound Guru Russell from Oz [new guru] [Post 3 of 7] THE FACT IS THIS... Shabibi doesn’t care how many Dinars are held outside Iraq, because he has stated several times that those dinars will be held as “Foreign Currency Reserves” in those outside countries. They are basically an investment in the growth of the country that issued that currency...this has allowed the USA to print massive amounts of dollars that will NEVER be cashed in. These countries holding US$ in foreign reserve accounts CAN’T EVER cash them in for their own currency, because if they do it will collapse the US$ and the worlds currency system TOTALLY. (yup, the worlds monetary system is just a house of cards, whether you like it or not... and it always has been). ["continued in post 4...stay tuned"]
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4-20-2012 Newshound Guru SWFloridaGuy [Post 1 of 2] There is no way in this day in age where information travels so fast, that the IMF and World Bank would allow Iraq to raise their exchange rate in-country only, giving the entire world a heads up. When the CBI releases an adjusted rate per the IMF and World Bank's approval and instruction it will be sent to the BIS. From there the IQD either alone or together with a small basket of currencies will be released and sent to all central banks around the world. It won't go country to country or East to West. Whether a bank is open or closed it will be sitting in their system and adjusted right along with the rest of the world to prevent massive runs on currency and for many other obvious reasons. ["continued in post 2...stay tuned"]
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4-18-2012 Newshound Guru Adam Montana [Post 3 of 4] if they were to drastically raise the value of the dinar, it is in their best interest to have as little dinar in circulation as possible if the citizens prefer USD at this time, then the CBI can continue sucking dinar back in, which leaves less on the street. THEN when they raise the value, suddenly the Iraqis will WANT IQD instead of USD. This is a NO-BRAINER! When the Iraqis suddenly want IQD instead of USD, we have DEMAND. Demand drives price, so this sudden demand will help to FURTHER RAISE THE VALUE. ["continued in post 4...stay tuned"]
4-18-2012 Newshound Guru Breitling They are Redenominating...they are by law taking the old notes, you will be forced to cash them in. ...There's a lot missing. You can only go by their agenda & what they announce every once in a while of what they are doing.
4-15-2012 Newshound Guru Ennorste [Post 4 of 5] the money supply will DROP from the current 25 trillion dinars to about 25 billion dinars, as they had predicted clear back in 2007 and re-iterated in 2009 and 2010 and 2011. After September the dinar will continue to rise in value until it reaches equilibrium in the international market...With 25 billion in money supply and $3.50 for the dinar they will have about $77.5 billion in money supply with $60 billion in reserves, by far the strongest currency in the world. ["continued in post 5...stay tuned"] [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-15-2012 Newshound Guru Ennorste [Post 3 of 5] Not only have most of the large notes already been withdrawn (Shabibi stated so) but the few that remain will disappear after the $1 RV, probably in the near future. By September there will be no large notes left. The currency, per their own press conference, will consist of 1 to 100 dinar notes, with values of about $1 per dinar. ["continued in post 4...stay tuned"]
4-13-2012 Newshound Guru Adam Montana regarding it being a scam - it's a currency. I don't think the value will go down... at the end of the day, it's just the currency of a foreign country and that's it. [definition of the terms] RV: Revaluation. The current value of the Dinar according to the CBI is 1166 per 1USD. If they "RV" the currency, that number changes. One theory is that they will "RV" the currency drastically, which would put a lot of cash in our pockets. RD: ReDenomination. This is where they take the current notes (250, 5000, 25000, etc) and add new denominations (like 1,5,10, etc). This is a 0 gain and 0 loss situation without the addition of a change in value. ["continued in post 4...stay tuned"] [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-11-2012 Intel Guru Poppy3 No country or three letter agency can come in and change a countries currency without their complete approval...
4-10-2012 Newshound Guru Bondlady We want to see these things happen: HCL, article 140 implimented in full, (be nice if the set a total goi but it doesnt all entirely depend on that) inflation and monetary change. These 3 things including ch 7 is huge things for us. Ch 7 so we can go international or be traded international. Give me a 7 the rest will work out imo...So banks will deal with it, ch 7 will let that happen. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-9-2012 Newshound Guru Doc [Post 3 of 4] There was a fantastic article which a member of the Finance Committee was quoted in saying the general population has no confidence in the dinar and called for the CBI to take action immediately. We learned from this that the USD continues to be the currency of choice and its value is increasing on the streets. We continue to be of the opinion that it will take an RV in the range of $1 to de-dollarize...
4-9-2012 Intel Guru BGG [Post 1 of 2] until we have resolution on the political front in Iraq with the remaining Ministers seated, agreed to and the Erbil agreement completely implemented (which was just adjudicated "constitutional" by the Supreme Judiciary), it is entirely unlikely that this bank notification, rate changing or Forex info can be valid... [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
4-4-2012 Newhound Guru Doc ...we believed that chapter 7 release was Maliki's main objective and that the RV was being held hostage in that political fight. We continue with that position. We maintain Maliki continues to use the RV as a bargaining chip for chapter 7 release but is playing a dangerous game...
4-4-2012 Newshound Guru Enorrste the IMF, the World Bank, and the US Administration...none of these institutions are in a position to either improve things, move them along more quickly, or delay them in any sense...I believe that Maliki is holding out for a full release from Chapter VII sanctions from the UN. I believe, but cannot prove, that he will allow the RV immediately on release from Chapter VII. Having said that, however, does not mean that the RV will occur.
4-3-2012 Newshound Guru Mailman17 SHABS IS...OUT FOR THE BEST INTERESTS OF IRAQ AND KNOWS FULL WELL HE CANNOT RV WITHOUT THE LAWS PERTAINING TO BANKING, INVESTMENT AND TAXES DONE. THATS WHAT WE WAIT FOR...WE SHALL SEE....TICK TOCK [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-31-2012 Newshound Guru SWFloridaGuru How can anyone say it's been in the banks since June 2011? Shabibi first has to give the go-ahead to the CBI with the IMF and World Bank's approval, send it to the BIS and from there either the adjusted rate, or basket of rates, will be released at a random time, by design to keep anyone from knowing the exact moment. That is how RV's/RI's/DV's work. New rates don't sit in the banks in the US, giving everyone a heads up for obvious reasons...
3-30-2012 Newshound Guru Kaperoni there are the facts: 32 trillion dinar, you can take 10 trillion off that for foreign reserves that leave 22 trillion, now we need the CBI to collect most of that to get that to about 1-4 trillion then they can RV at 1 to 1 and support it, if that does not happen, there is no solution but a LOP and then a RV and you will get little return...[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-29-2012 Newshound Guru Adam Montana [Post 4 of 7] I don't think a "slow RV" is possible, but IF that happens it would actually be a good thing because it would eliminate the possibility of a "cash in window". ...they will be forced to honor all denominations and at the SAME TIME they would be forced to release the lower denominations. I think it's more likely that they do a small "hard RV" then slowly grow, but either way, it's good for us. One way just takes longer. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-28-2012 Newshound Guru Kaperoni [Post 2 of 5] …[article quote] "gradually raise it’s value against the dollar to equal” or “raise its value gradually against the dollar up to be equal any dinars per dollar.” We can take from this that the dinar will not LOP or redenominate ... a great quote…”intentions of raising the value of all Iraqi dinars to equal one dollar” That is spectacular because LOPsters want you to think your large 3 zeros notes will only be worth $21....All notes will appreciate in value. ["continued in post 3...stay tuned"]
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3-28-2012 Intel Guru Poppy3 the plan for new currencies was passed back last november when they agreed to print new bills that will have 3 languages on them and yes they will co exsist for a time with the new lower denoms they have in hand now. It doesnt effect the bills we are holding...the new bills are to show up in september. But has no relation to the rv happening now. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-27-2012 Newshound Guru Med ...THE FINAL TIMELINE STILL ELUDES US BUT WE ARE WITHIN MONTHS OF IT STARTING OR BEING OVER. IT COULD START IN SEPTEMBER OR IT COULD BE OVER BY THEN OR IT COULD BE OVER BY JAN 2013. THAT WINDOW IS REALLY AROUND 4-6 MONTHS... [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-26-2012 Newshound Guru Doc [Post 2 of 2] The article quoted a CBI source as saying "Central Bank will raise the value of the dinar against the dollar gradually towards the day to begin replacement where the value will be in the absence of a wiggle one equivalent of IQD one US dollar". We learn two things ... One the rate will be in the neighborhood of 1 to 1. . The second thing we learn is the initial rate may be less than 1 to 1 and gradually raised to $1. How much less is still a guess.
3-26-2012 Newshound Guru SWFloridaGuru It's far easier to be happy with this investment when we have a balanced approach and realize currency plays don't happen over night and that's ok. Iraq is clearly on the way to having a tradeable currency once again. All the signs are there...Issues that have been around for years have been resolved and we speculate we're very close to the end.
.[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-25-2012 Newshound Guru Med ...I THINK THEY CHANGED HOW THEY WERE GOING TO DROP 3 ZERO'S. I DONT THINK THE GRADUAL INCREASE IN THE VALUE WAS THE FIRST CHOICE OF HOW TO DO IT. I KNOW THAT MANY JUST WANTED TO WAKE UP AND IT WOULD BE .86. ... IT MEANS YOU WILL BE ABLE TO SEE ACTUAL GROWTH IN THE HARD CURRENCY YOU ARE HOLDING AND ALSO BECAUSE IT WILL KEEP CBI FROM LOPPING THE LARGE DENOMS.
.[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-23-2012 Newshound Guru SWFloridaGuru [Post 3 of 4] We have witnessed more progress this month than ever before... Together with the IMF's instruction and approval Iraq will implement phase 2 of their currency reform project. A new rate will be sent from the CBI to the BIS and from there released back to all the central banks at a time that is impossible to pinpoint by design.
3-23-2012 Newshound Guru Doc [Post 3 of 3] Iraq definitely wants to go into 2013 with the dinar as the currency of Iraq... the USD is still the currency of choice and will be until the dinar has real valve. Several reports talk about dedollarization occurring at $1.13 or higher and taking up to 6 months. With this we believe the drop dead date is around June with a possibility of September based on issuance of the LDs...[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-23-2012 Newshound Guru Med ARTICLE...IT STATES THAT THEY WILL BE HAVING MANY NEGOTIATIONS AND THAT THE WTO GAVE THEM A LAUNDRY LIST OF TO DO'S BEFORE THEY CAN JOIN. I GUARANTEE THAT THE TARIFFS WILL PLAY NO ROLE IN THIS.
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3-22-2012 Newshound Guru SWFloridaGuru I want to address a growing concern many people have in regards to these "bank packages." Many of these packages require you to provide personal information including full name, amount of dinar you hold, email etc. ...surely just releasing the bank code at the proper time should be enough, without people having to release there personal info. This is completely unnecessary and very dangerous.
3-21-2012 Newshound Guru SWFloridaGuru [Post 5 of 7] ...It's very simple, when the BIS releases an adjusted rate or basket of rates back to all the central banks, then it will be done. It will be very easy to confirm and it won't be a secret. Random, dummy rates and numbers for testing purposes have nothing to do with actual rates...
3-22-2012 Newshound Guru Med HERE IS THE TIMELINE ACCORDING TO THE FACTS, SEPT TO EARLY 2013 FOR ISSUE OF THE NEW LOWER IRAQI DINAR SO FROM NOW TILL SEPT OR SOMETIME DEC JAN 2013 IT WILL MOVE 1166 PIPS.
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3-23-2012 Newshound Guru Doc [Post 3 of 3] Iraq definitely wants to go into 2013 with the dinar as the currency of Iraq... the USD is still the currency of choice and will be until the dinar has real valve. Several reports talk about dedollarization occurring at $1.13 or higher and taking up to 6 months. With this we believe the drop dead date is around June with a possibility of September based on issuance of the LDs...[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-23-2012 Newshound Guru Med ARTICLE...IT STATES THAT THEY WILL BE HAVING MANY NEGOTIATIONS AND THAT THE WTO GAVE THEM A LAUNDRY LIST OF TO DO'S BEFORE THEY CAN JOIN. I GUARANTEE THAT THE TARIFFS WILL PLAY NO ROLE IN THIS.
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-22-2012 Newshound Guru SWFloridaGuru I want to address a growing concern many people have in regards to these "bank packages." Many of these packages require you to provide personal information including full name, amount of dinar you hold, email etc. ...surely just releasing the bank code at the proper time should be enough, without people having to release there personal info. This is completely unnecessary and very dangerous.
3-21-2012 Newshound Guru SWFloridaGuru [Post 5 of 7] ...It's very simple, when the BIS releases an adjusted rate or basket of rates back to all the central banks, then it will be done. It will be very easy to confirm and it won't be a secret. Random, dummy rates and numbers for testing purposes have nothing to do with actual rates...
3-22-2012 Newshound Guru Med HERE IS THE TIMELINE ACCORDING TO THE FACTS, SEPT TO EARLY 2013 FOR ISSUE OF THE NEW LOWER IRAQI DINAR SO FROM NOW TILL SEPT OR SOMETIME DEC JAN 2013 IT WILL MOVE 1166 PIPS.
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-21-2012 Newshound Guru Randy Koonce We need to see these political things done: 1. The Ministers 2. The Stratigic Council. Then right after we should see the RV. That should fulfill everything Sahbibi wanted. It's never looked this good. Shabibi said he will change the exchange rate to make up the budget - $3.41, $.86 doesn't make the budget work. This is a great time, we are seeing this come together.
3-20-2012 Newshound Guru Mike [Post 5 of 5] Finance will adopt the customs tarrif June 1, 2012..."the application of the customs tariff would help facilitate Iraq's accesion to the WTO" ...and they need to have their taxes and tariffs in place and that they have a plan for their taxes and tariffs....and they definetely have to RV before they are in place.
3-20-2012 Newshound Guru Mike [Post 4 of 5] They took 2 billion US dollars - they are de-dollarizing the economy taking that off and forcing the Iraqi people to use the dinar...we know they have to de-dollarize to have them use only one currency and eventually that currency has to be worth more than what that dollar can buy them.
3-18-2012 Newshound Guru SWFloridaGuru [Post 2 of 2] Poor security and political instability has lead to a severe dollarization phenomenon and Iraq has set out on an educational campaign to inform the public of the upcoming changes and give them confidence in the dinar once again. This is a delicate process because they must do this without alerting the world to the upcoming RV/RI.
3-14-2012 Newshound Guru Adam Montana I believe it will come out pegged (fixed) at first, to draw in as much as possible and avoid a sudden DROP. Then after 3-6 months I expect to see it rise slowly. I'm guessing that in the course of 5 years it would go from .10 up to $3. Of course, that's only if it comes out low (which I think it will). If it comes out high, like at a dollar, then I believe it will remain at a buck for much longer before growing. (This is also a possible scenario.)
3-12-2012 Newshound Guru Doc [Post 3 of 4] ... Remember the dinar is still not internationally recognized (article 14 still in force), they are still under chapter 7 and the GOI is still not officially completely seated.
3-12-2012 Newshound Guru SWFloridaGuru [new guru] Iraq is attempting to figure out how to run a country with 3 major factions, 3 different religious backgrounds, 3 major cultural differences, 3 different power bases and then share oil revenues without having a civil war blow it all apart. Under one central government that all 3 agree to follow. Not an easy task, [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-12-2012 Newshound Guru Doc [Post 2 of 4] Several have stated the RV can not happen without issuing the LDs. While we do not agree with this (USD can be used to make change) we do concede that it would help the dedollarization push to have the LDs issued and in use.
3-11-2012 Newshound/Intel Guru Randy Koonce there’s NO RV. it’s not going to RV until it shows on CBI and it will happen instantly so everyone will know. Shabibi doesn’t need to RV on a computer if he doesn’t want to. As soon as it happens it’ll take a minute or so – it doesn’t take that long to populate it. JUST CHECK THE CBI.
3-9-2012 Newshound Guru Breitling They are not going to come out and try & match the Kuwait rate. It would create an imbalance in the region and that's why it will be a managed float. I am willing to bet they will come out at a buck & then grow into the $3 rate....
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3-8-2012 Newshound Guru Med WE HAVE MULTIPLE MAJOR NEWS ARTICLES...THEY HAVE A NEW COMMITTEE THAT IS FORMED BETWEEN PARLIAMENT AND CBI TO WORK TOGETHER TO MAKE SURE THE PEOPLE ARE INFORMED OF WHAT IS HAPPENING ....THIS IS THE START...THE COUNTDOWN HAS STARTED THAT IS THE GREAT NEWS. [get yourself dinar savvy...become a member and see the full in the ARCHIVE]
3-8-2012 Guru Kaperoni ...the “delete 3 zeros” is also confusing to the Iraqi people, so they refer to this event now as “lifting of the zeros”. Huge difference and confirms...this event is merely a transition, a collection of larger notes, rate change, and new lower notes. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-8-2012 Guru Kaperoni [Article] Quote…“The Central Bank earlier announced that the near-level policy work to stabilize the dinar to US dollar while at the intermediate level and leveling will near dinar against the dollar.” …we get a few “keys” here. 1. The rate will be near the dollar. 2. The CBI calls this the “intermediate level,” clearly implying there will be another level.
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3-7-2012 Guru Kaperoni "...the exchange rate between the new banknotes and the old ones would be 1:1,000.”...This is telling us no LOP or re-denomination is going to happen...“The objective behind this move is to appreciate the value of the Iraqi dinar against the U.S. dollar..." Clearly, this statement confirms...that the dinar is appreciating (RV). This is confirmation of the revaluation! [Get Dinar RV Savvy--See the full post in the Dinar Guru Archives]
3-7-2012 Guru Adam Montana ...They [UN] won't release Chapter 7 until they are ready to RV, or immediately after they RV. Basically, we are at the edge of something happening. Could it go sour? Of course. But I see a lot of stuff going on right now that is actually positive.
3-6-2012 Guru Mailman17 WE STILL HAVE A LOT TO LOOK FOR...MINISTERS BEING A KEY, ERBIL FINISHED...AND SHABS BILL VOTED. BANKING LAWS AND TAXES AND TARIFFS ARE ALREADY DONE...OR AT LEAST ALMOST COMPLETED.... DONT BLINK...THATS HOW FAST IT MIGHT COME INTO PLAY...LOL...[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-5-2012 Newshound Guru Mike these are two separate events...The dropping of the zeroes is not the RV...its just the process they are using to bring in the currency and move forward to RV from that point forward, once they have all the lower bills in they can go ahead and RV.
3-5-2012 Guru Med ...WE KNOW THAT THEY ARE CALLING FOR THE LAW TO BE APPROVED TO FIRST DELETE THE ZERO'S THAT WOULD BE THE INCREASE IN THE RATE...THEN TO ISSUE NEW DENOMS TO RUN WITH THE OTHER DENOMS FOR ONE YEAR... THE TIMELINE OF MAY THROUGH SEPTEMBER IS ACCURATE.
3-2-2012 Guru Fresh the higher the rate goes beyond a sustainable level the more volatile it will be....The higher the rate gets (say closer to Kuwait at $3.67 ish / USD) the more perceived risk the international community will take against a developing economy that is hurting for infrastructure. .... this is why they work the logical way - starting low and rising.[see all of this awesome post in the Dinar Guru Archives]
3-1-2012 Guru Adam Montana [Post 3 of 6] I think we all know that Iraq isn't going to "advertise" the RV. So the 0's [3 zeros] talk is usually simply a reference to redenominating or l0pping.... If this thing is going to happen, it will happen suddenly and without much warning
2-28-2012 Guru SteveI ...I want to see the GOI done, announced. I want to see the Erbil and HCL done and put into law. I want to see the budget actually open and activated. I want to see Chapter VII fully lifted and announced...[Get Savvy! Read the full post in the archives]
2-26-2012 Guru Enorrste [Post 2 of 3] There are 3 phases: printing the new currency, issuing the new currency, and removal of the old (i.e. discontinuing it)...Along with that will be the announcement of removal from Chapter 7 of the UN Charter. And finally it will also involve the final move from Ch 14 to Ch 8 of the IMF Charter, a process that has already been announced but may need a letter to IMF for "finality"
2-25-2012 Guru Kaperoni [Post 5 of 5] ...This is a great quote…It simply says…we will not get WTO accession until we do what is needed prior. Pass economic laws, RV, tariffs…Then comes WTO (mid to late 2012?). And the result is a successful free market economy that does business with the world. 3 very good reasons (Tariffs, Arab Summit and WTO Accession) to be very optimistic that the RV is coming soon.
2-24-2012 Guru Enorrste ...CBI has recently stated that it has moved from Ch 14 to Ch 8 of the IMF charter. This means that it is ready to announce an world-recognized currency shortly. [See full post in the Dinar Guru Archive]
2-24-2012 Guru Med [Post 2 of 2] THIS BUDGET HAS THE NEW RATE OF EXCHANGE WRITTEN INTO IT...IT IN FACT IS NOTED: THAT 1.17 DINARS WILL EQUAL TO 1 DOLLAR...THAT IS IN THIS BUDGET...
2-22-2012 Guru Med WHAT DO WE REALLY KNOW AS FACT?...THEY ARE COMING OUT 1 TO 1...THEY ARE RAISING THE ZERO'S FROM THE NOMINAL VALUE... THEY HAVE CALLED IT REVALUATION DELETING THE ZERO'S...NEW CURRENCY IS BEING PRINTED AND COINS ALSO...CBI BOUGHT MILLIONS IN DE LA RUE EQUIPMENT... THEY ARE USING 3 PHASES TO IMPLEMENT...PHASE I IS OVER, SO KNOW WE HAVE TO BE IN PHASE II......SO THAT IS WHAT WE KNOW AS FACT
2-22-2012 Guru Scooter [post 3 of 4]... Agriculture was once a bigger contributor to their GDP than oil...37% of their GDP, well ahead of oil...imagine that country when they diversify and their middle class forms...consumption will sky rocket..
2-20-2012 Newshound Guru Mike [Post 1 of 6] ...We all want to remember when I talk about deleting the 3 zeros thats about replacing the currency - its not about the RV...we learned the old currency and the new currency ARE going to run CONCURRENT FOR 1 YEAR...that means...
2-18-2012 Guru Kaperoni i have always had a problem with the quantity of dinar sold outside Iraq. It is estimated at 3-7 trillion...i had some evidence that it would never go back to Iraq, but the articles the last few weeks have confirmed this...it has been stated directly by the CBI that the dinar will be a world foreign currency reserve and more importantly held by world banks and Saleh himself said...that this can RV as the CBI is not funding this.
2-19-2012 Guru Med WE ARE NOW IN PHASE II WHICH IS SUPPOSE TO SEE A CHANGE IN THE EXCHANGE RATE NOW ACCORDING TO WHAT CBI SAID IN PAST LAST MONTH. THE RATE WILL BE FIRST, THEN THEY WILL START TO ISSUE THE NEW DENOMS TO RUN WITH THE CURRENT DINAR. IF YOU HAVE 25,000 DINAR, YOU GET 25,000 BACK IN THE NEW, IT IS THAT SPECIFIC.
2-15-2012 Guru Ray Mohammed Saleh..in [an] article... He stated also that the CBI is waiting for Maliki's approval to go ahead and finish the process. When they get his approval the CBI is notifying all the radio, tv and print media, to start putting out the word to all the citizens of Iraq and educate them. This mass information blitz will proceed the rv...When we see all of these take place, we know the rv is here.
2-15-2012 Guru Kaperoni ...the second phase when implemented will also last 6 months. Next article… “expected to "be the currency exchange in the new fiscal year for 2013." Now we have a drop dead timeline - for this event is impossible to start the 2013 budget unless they start phase two no later than June 2012...(introducing new currencies makes no sense unless the RV occurs prior) to occur.
2-12-2012 Guru Med THEY SAY THAT WITHIN THE NEXT TWO YEARS THEY WANT THE DINAR TO EQUAL THE USD, 1 TO 1 AND ARE COVERING THE DINAR RIGHT NOW AT MORE THAN 100% IN RESERVES OF FOREIGN CURRENCY WHICH THE ONLY ONE CLOSE TO IT IS THE U.S. AT ABOUT 25%....THEY PLAN ON RELEASING NEW DENOMS AND A NEW EXCHANGE RATE DURING THAT TIME.
2-10-2012 Guru Doc studies indicate dedollarizaion will occur around $1.13... RVing immediately at $3+ will be extremely costly...All in all it makes much more sense from Iraq's perspective to RV around $1.
2-10-2012 Guru Med CBI CAN CHANGE THE RATE ...WITH NO PERMISSION BY THE GOI OR PARLIAMENT BUT TO CHANGE THE CURRENCY THEY HAVE TO...[Where we are as of today?] WAITING FOR THE VOTE, WAITING FOR THE BUDGET TO PASS THEN WAITING FOR CBI TO CHANGE THE RATE, THAT IS IT.
2-9-2012 Guru Adam Montana ...yes, they COULD simply redenominate and nobody makes money...but Iraq doesn't make money that way either... in fact, there's no reason to redenominate unless the rate changes...[continued in the Archive]
2-7-2012 Guru Med WHAT WE NEED DONE OR HAS TO BE DONE: 1. PARLIAMENT HAS TO APPROVE THE BUDGET 2. PARLIAMENT HAS TO APPROVE THE DRAFT TO PRINT 3. SHABIBI HAS TO MOVE ON THE REMOVAL OF THE ZERO'S FROM THE NOMINAL RATE....
2-6-2012 Guru Breitling It's got to be a 1 - 1 exchange, that's the law, that's the way they have to do it. They have to reduce the money supply...They have to give the people a legal notice that it changed & then give them a time frame to cash out. They will get it done & they will get it done by the end of 2012
2-6-2012 Guru Doc The reality of where we are is if the RV trigger were pulled right now it would be a disaster. The simple reason is Iraq is not ready because it does not have the supporting laws in place. The budget, LD laws, laws dealing with debt reconciliation post RV, etc. are not in place.
2-3-2012 Newshound Breitling This is very simple...Iraq has to reduce the money supply before they can increase the rate...How is Iraq going to get reduce the money supply? Retire the bills with the 3 zeros...Have we seen the Laws to retire 3 zero notes? No....Its impossible to have an in country rate.
2-2-2012 Guru Randy Koonce ...Shabibi said that the rate would be managed. If you do not understand Managed just take the rate now and for the last 24 months or better the rate has been 1170 and until just recently 1160, that is what you call managed
2-1-2012 Guru Doc The interesting question is how quick is "coming days" and is "raise the value" the full RV? Honestly, no one knows. Remember the progression - budget approval, supporting RV laws approval, RV. Our opinion is this progression still is valid and could take several weeks....
1-31-2012 Guru Brietling ...the reserve [60 billion in foreign currency] hasn't reflected on the dinar yet...because Iraq has a money supply problem...they want to wait to pull in the money supply by getting rid of the notes with the three zeros on it...then boom voila they shorten the money supply...THEN they are going to add this positive value from the large reserve to the dinar..
1-30-2012 Guru Doc [post 2] ...the lower denoms do not need to be issued before the RV...If they RV to around $1 the financial transactions continue to go smoothly since the USD is already there and can be used to make change. Now the CBI can slowly introduce the lower denoms and begin dedollarization over a couple of years as they have stated was their goal.
1-19-2012 Guru Med...REMEMBER THAT THE DINAR IS STILL UNDER ARTICLE XIV IN THE IMF AND MUST MOVE TO ARTICLE VIII WHICH THE CENTRAL BANK HAS NOT DONE.
1-18-2012 Guru Doc (post 2) ...a published article on Monday which stated that there would be no currency reform until laws dealing with private debt post reform were enacted. We also know the budget and HCl need passing.
3-20-2012 Newshound Guru Mike [Post 5 of 5] Finance will adopt the customs tarrif June 1, 2012..."the application of the customs tariff would help facilitate Iraq's accesion to the WTO" ...and they need to have their taxes and tariffs in place and that they have a plan for their taxes and tariffs....and they definetely have to RV before they are in place.
3-20-2012 Newshound Guru Mike [Post 4 of 5] They took 2 billion US dollars - they are de-dollarizing the economy taking that off and forcing the Iraqi people to use the dinar...we know they have to de-dollarize to have them use only one currency and eventually that currency has to be worth more than what that dollar can buy them.
3-18-2012 Newshound Guru SWFloridaGuru [Post 2 of 2] Poor security and political instability has lead to a severe dollarization phenomenon and Iraq has set out on an educational campaign to inform the public of the upcoming changes and give them confidence in the dinar once again. This is a delicate process because they must do this without alerting the world to the upcoming RV/RI.
3-14-2012 Newshound Guru Adam Montana I believe it will come out pegged (fixed) at first, to draw in as much as possible and avoid a sudden DROP. Then after 3-6 months I expect to see it rise slowly. I'm guessing that in the course of 5 years it would go from .10 up to $3. Of course, that's only if it comes out low (which I think it will). If it comes out high, like at a dollar, then I believe it will remain at a buck for much longer before growing. (This is also a possible scenario.)
3-12-2012 Newshound Guru Doc [Post 3 of 4] ... Remember the dinar is still not internationally recognized (article 14 still in force), they are still under chapter 7 and the GOI is still not officially completely seated.
3-12-2012 Newshound Guru SWFloridaGuru [new guru] Iraq is attempting to figure out how to run a country with 3 major factions, 3 different religious backgrounds, 3 major cultural differences, 3 different power bases and then share oil revenues without having a civil war blow it all apart. Under one central government that all 3 agree to follow. Not an easy task, [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-12-2012 Newshound Guru Doc [Post 2 of 4] Several have stated the RV can not happen without issuing the LDs. While we do not agree with this (USD can be used to make change) we do concede that it would help the dedollarization push to have the LDs issued and in use.
3-11-2012 Newshound/Intel Guru Randy Koonce there’s NO RV. it’s not going to RV until it shows on CBI and it will happen instantly so everyone will know. Shabibi doesn’t need to RV on a computer if he doesn’t want to. As soon as it happens it’ll take a minute or so – it doesn’t take that long to populate it. JUST CHECK THE CBI.
3-9-2012 Newshound Guru Breitling They are not going to come out and try & match the Kuwait rate. It would create an imbalance in the region and that's why it will be a managed float. I am willing to bet they will come out at a buck & then grow into the $3 rate....
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-8-2012 Newshound Guru Med WE HAVE MULTIPLE MAJOR NEWS ARTICLES...THEY HAVE A NEW COMMITTEE THAT IS FORMED BETWEEN PARLIAMENT AND CBI TO WORK TOGETHER TO MAKE SURE THE PEOPLE ARE INFORMED OF WHAT IS HAPPENING ....THIS IS THE START...THE COUNTDOWN HAS STARTED THAT IS THE GREAT NEWS. [get yourself dinar savvy...become a member and see the full in the ARCHIVE]
3-8-2012 Guru Kaperoni ...the “delete 3 zeros” is also confusing to the Iraqi people, so they refer to this event now as “lifting of the zeros”. Huge difference and confirms...this event is merely a transition, a collection of larger notes, rate change, and new lower notes. [Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-8-2012 Guru Kaperoni [Article] Quote…“The Central Bank earlier announced that the near-level policy work to stabilize the dinar to US dollar while at the intermediate level and leveling will near dinar against the dollar.” …we get a few “keys” here. 1. The rate will be near the dollar. 2. The CBI calls this the “intermediate level,” clearly implying there will be another level.
[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-7-2012 Guru Kaperoni "...the exchange rate between the new banknotes and the old ones would be 1:1,000.”...This is telling us no LOP or re-denomination is going to happen...“The objective behind this move is to appreciate the value of the Iraqi dinar against the U.S. dollar..." Clearly, this statement confirms...that the dinar is appreciating (RV). This is confirmation of the revaluation! [Get Dinar RV Savvy--See the full post in the Dinar Guru Archives]
3-7-2012 Guru Adam Montana ...They [UN] won't release Chapter 7 until they are ready to RV, or immediately after they RV. Basically, we are at the edge of something happening. Could it go sour? Of course. But I see a lot of stuff going on right now that is actually positive.
3-6-2012 Guru Mailman17 WE STILL HAVE A LOT TO LOOK FOR...MINISTERS BEING A KEY, ERBIL FINISHED...AND SHABS BILL VOTED. BANKING LAWS AND TAXES AND TARIFFS ARE ALREADY DONE...OR AT LEAST ALMOST COMPLETED.... DONT BLINK...THATS HOW FAST IT MIGHT COME INTO PLAY...LOL...[Get Dinar Savvy...See the full posts in the Dinar Guru Archives]
3-5-2012 Newshound Guru Mike these are two separate events...The dropping of the zeroes is not the RV...its just the process they are using to bring in the currency and move forward to RV from that point forward, once they have all the lower bills in they can go ahead and RV.
3-5-2012 Guru Med ...WE KNOW THAT THEY ARE CALLING FOR THE LAW TO BE APPROVED TO FIRST DELETE THE ZERO'S THAT WOULD BE THE INCREASE IN THE RATE...THEN TO ISSUE NEW DENOMS TO RUN WITH THE OTHER DENOMS FOR ONE YEAR... THE TIMELINE OF MAY THROUGH SEPTEMBER IS ACCURATE.
3-2-2012 Guru Fresh the higher the rate goes beyond a sustainable level the more volatile it will be....The higher the rate gets (say closer to Kuwait at $3.67 ish / USD) the more perceived risk the international community will take against a developing economy that is hurting for infrastructure. .... this is why they work the logical way - starting low and rising.[see all of this awesome post in the Dinar Guru Archives]
3-1-2012 Guru Adam Montana [Post 3 of 6] I think we all know that Iraq isn't going to "advertise" the RV. So the 0's [3 zeros] talk is usually simply a reference to redenominating or l0pping.... If this thing is going to happen, it will happen suddenly and without much warning
2-28-2012 Guru SteveI ...I want to see the GOI done, announced. I want to see the Erbil and HCL done and put into law. I want to see the budget actually open and activated. I want to see Chapter VII fully lifted and announced...[Get Savvy! Read the full post in the archives]
2-26-2012 Guru Enorrste [Post 2 of 3] There are 3 phases: printing the new currency, issuing the new currency, and removal of the old (i.e. discontinuing it)...Along with that will be the announcement of removal from Chapter 7 of the UN Charter. And finally it will also involve the final move from Ch 14 to Ch 8 of the IMF Charter, a process that has already been announced but may need a letter to IMF for "finality"
2-25-2012 Guru Kaperoni [Post 5 of 5] ...This is a great quote…It simply says…we will not get WTO accession until we do what is needed prior. Pass economic laws, RV, tariffs…Then comes WTO (mid to late 2012?). And the result is a successful free market economy that does business with the world. 3 very good reasons (Tariffs, Arab Summit and WTO Accession) to be very optimistic that the RV is coming soon.
2-24-2012 Guru Enorrste ...CBI has recently stated that it has moved from Ch 14 to Ch 8 of the IMF charter. This means that it is ready to announce an world-recognized currency shortly. [See full post in the Dinar Guru Archive]
2-24-2012 Guru Med [Post 2 of 2] THIS BUDGET HAS THE NEW RATE OF EXCHANGE WRITTEN INTO IT...IT IN FACT IS NOTED: THAT 1.17 DINARS WILL EQUAL TO 1 DOLLAR...THAT IS IN THIS BUDGET...
2-22-2012 Guru Med WHAT DO WE REALLY KNOW AS FACT?...THEY ARE COMING OUT 1 TO 1...THEY ARE RAISING THE ZERO'S FROM THE NOMINAL VALUE... THEY HAVE CALLED IT REVALUATION DELETING THE ZERO'S...NEW CURRENCY IS BEING PRINTED AND COINS ALSO...CBI BOUGHT MILLIONS IN DE LA RUE EQUIPMENT... THEY ARE USING 3 PHASES TO IMPLEMENT...PHASE I IS OVER, SO KNOW WE HAVE TO BE IN PHASE II......SO THAT IS WHAT WE KNOW AS FACT
2-22-2012 Guru Scooter [post 3 of 4]... Agriculture was once a bigger contributor to their GDP than oil...37% of their GDP, well ahead of oil...imagine that country when they diversify and their middle class forms...consumption will sky rocket..
2-20-2012 Newshound Guru Mike [Post 1 of 6] ...We all want to remember when I talk about deleting the 3 zeros thats about replacing the currency - its not about the RV...we learned the old currency and the new currency ARE going to run CONCURRENT FOR 1 YEAR...that means...
2-18-2012 Guru Kaperoni i have always had a problem with the quantity of dinar sold outside Iraq. It is estimated at 3-7 trillion...i had some evidence that it would never go back to Iraq, but the articles the last few weeks have confirmed this...it has been stated directly by the CBI that the dinar will be a world foreign currency reserve and more importantly held by world banks and Saleh himself said...that this can RV as the CBI is not funding this.
2-19-2012 Guru Med WE ARE NOW IN PHASE II WHICH IS SUPPOSE TO SEE A CHANGE IN THE EXCHANGE RATE NOW ACCORDING TO WHAT CBI SAID IN PAST LAST MONTH. THE RATE WILL BE FIRST, THEN THEY WILL START TO ISSUE THE NEW DENOMS TO RUN WITH THE CURRENT DINAR. IF YOU HAVE 25,000 DINAR, YOU GET 25,000 BACK IN THE NEW, IT IS THAT SPECIFIC.
2-15-2012 Guru Ray Mohammed Saleh..in [an] article... He stated also that the CBI is waiting for Maliki's approval to go ahead and finish the process. When they get his approval the CBI is notifying all the radio, tv and print media, to start putting out the word to all the citizens of Iraq and educate them. This mass information blitz will proceed the rv...When we see all of these take place, we know the rv is here.
2-15-2012 Guru Kaperoni ...the second phase when implemented will also last 6 months. Next article… “expected to "be the currency exchange in the new fiscal year for 2013." Now we have a drop dead timeline - for this event is impossible to start the 2013 budget unless they start phase two no later than June 2012...(introducing new currencies makes no sense unless the RV occurs prior) to occur.
2-12-2012 Guru Med THEY SAY THAT WITHIN THE NEXT TWO YEARS THEY WANT THE DINAR TO EQUAL THE USD, 1 TO 1 AND ARE COVERING THE DINAR RIGHT NOW AT MORE THAN 100% IN RESERVES OF FOREIGN CURRENCY WHICH THE ONLY ONE CLOSE TO IT IS THE U.S. AT ABOUT 25%....THEY PLAN ON RELEASING NEW DENOMS AND A NEW EXCHANGE RATE DURING THAT TIME.
2-10-2012 Guru Doc studies indicate dedollarizaion will occur around $1.13... RVing immediately at $3+ will be extremely costly...All in all it makes much more sense from Iraq's perspective to RV around $1.
2-10-2012 Guru Med CBI CAN CHANGE THE RATE ...WITH NO PERMISSION BY THE GOI OR PARLIAMENT BUT TO CHANGE THE CURRENCY THEY HAVE TO...[Where we are as of today?] WAITING FOR THE VOTE, WAITING FOR THE BUDGET TO PASS THEN WAITING FOR CBI TO CHANGE THE RATE, THAT IS IT.
2-9-2012 Guru Adam Montana ...yes, they COULD simply redenominate and nobody makes money...but Iraq doesn't make money that way either... in fact, there's no reason to redenominate unless the rate changes...[continued in the Archive]
2-7-2012 Guru Med WHAT WE NEED DONE OR HAS TO BE DONE: 1. PARLIAMENT HAS TO APPROVE THE BUDGET 2. PARLIAMENT HAS TO APPROVE THE DRAFT TO PRINT 3. SHABIBI HAS TO MOVE ON THE REMOVAL OF THE ZERO'S FROM THE NOMINAL RATE....
2-6-2012 Guru Breitling It's got to be a 1 - 1 exchange, that's the law, that's the way they have to do it. They have to reduce the money supply...They have to give the people a legal notice that it changed & then give them a time frame to cash out. They will get it done & they will get it done by the end of 2012
2-6-2012 Guru Doc The reality of where we are is if the RV trigger were pulled right now it would be a disaster. The simple reason is Iraq is not ready because it does not have the supporting laws in place. The budget, LD laws, laws dealing with debt reconciliation post RV, etc. are not in place.
2-3-2012 Newshound Breitling This is very simple...Iraq has to reduce the money supply before they can increase the rate...How is Iraq going to get reduce the money supply? Retire the bills with the 3 zeros...Have we seen the Laws to retire 3 zero notes? No....Its impossible to have an in country rate.
2-2-2012 Guru Randy Koonce ...Shabibi said that the rate would be managed. If you do not understand Managed just take the rate now and for the last 24 months or better the rate has been 1170 and until just recently 1160, that is what you call managed
2-1-2012 Guru Doc The interesting question is how quick is "coming days" and is "raise the value" the full RV? Honestly, no one knows. Remember the progression - budget approval, supporting RV laws approval, RV. Our opinion is this progression still is valid and could take several weeks....
1-31-2012 Guru Brietling ...the reserve [60 billion in foreign currency] hasn't reflected on the dinar yet...because Iraq has a money supply problem...they want to wait to pull in the money supply by getting rid of the notes with the three zeros on it...then boom voila they shorten the money supply...THEN they are going to add this positive value from the large reserve to the dinar..
1-30-2012 Guru Doc [post 2] ...the lower denoms do not need to be issued before the RV...If they RV to around $1 the financial transactions continue to go smoothly since the USD is already there and can be used to make change. Now the CBI can slowly introduce the lower denoms and begin dedollarization over a couple of years as they have stated was their goal.
1-19-2012 Guru Med...REMEMBER THAT THE DINAR IS STILL UNDER ARTICLE XIV IN THE IMF AND MUST MOVE TO ARTICLE VIII WHICH THE CENTRAL BANK HAS NOT DONE.
1-18-2012 Guru Doc (post 2) ...a published article on Monday which stated that there would be no currency reform until laws dealing with private debt post reform were enacted. We also know the budget and HCl need passing.
