Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content


  • Content Count

  • Joined

  • Last visited

  • Days Won


ronscarpa last won the day on November 16 2014

ronscarpa had the most liked content!

Community Reputation

8,031 Excellent

1 Follower

About ronscarpa

  • Rank
    True Believer
  • Birthday 12/19/1942

Profile Information

  • Gender
  • Location
    Las Vegas, NV - (Raised in NY City)
  • Interests
    GOD, Wife, Family, Friends, Church, Traveling, Flying, Boating, Evangelist - Healing Team, DMin - Nouthetic Counseling, MS - Aerospace Operations & Systems Management (USC - '73), BS - Mathematics, Retired Delta Airlines Captain, Retired USAF Pilot (100 Recon Missions - Viet Nam), Entrepreneurial Investor, Good Food & Fine Wine, Peaceful Beaches & Sun, More..!


  • Biography
    Evangelist, Healing Team, Airline Captain, DMin - Biblical Counseling, MS - Areospace Ops Mgmt (USC)
  • Location
    Las Vegas, NV - USA
  • Interests
    Evangelism, Healing, Dinars, Flying, Boating, Investing
  • Occupation
    Evangelist, Chaplain, Retired Delta Captain

Recent Profile Visitors

61,614 profile views
  1. 11-16-2018 Newshound Guru Kaperoni ‏ The latest...annual Article IV Consultation...done last September clearly states..."The authorities have appropriately maintained the exchange rate peg." This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. ...telling people the dinar is already on a managed outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world...(post 1 of 3)... 11-16-2018 Newshound Guru Kaperoni order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector. ...the central bank has to meet the conditions set forth by the IMF. And...they must be in compliance in order to move from Article XIV to Article VIII. This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance's in writing and factual. Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn't mean they will move today or tomorrow because other factors still exist which could still hold this up. ..(post 2 of 3).... 11-16-2018 Newshound Guru Kaperoni In order for Iraq to engage its banking system with the world's financial system It's a combination of government effort and financial stability/compliance. And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process. That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. ...bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account...this has to be accounted for and that's why the CBI must move off of the peg to a float prior to such action...(post 3 of 3)... 11-16-2018 Intel Guru Bruce ...I do not use the S word very often, but I do believe this is very soon. ...We have heard about some time frames like 72 hours from the time that the USTN went asset back which was Tuesday. So 72 hours from Tuesday afternoon at 3:15pm. Could we see something then by that time? Quite possibly. The Redemption Centers ...are essentially are on high alert starting tomorrow [Friday] afternoon. We also know that the Dinar and Dong which are looking blacked out now are supposed to be up by Saturday afternoon/evening...we supposed to have those two currencies rates show. ..(post 1 of 2)... 11-16-2018 Intel Guru Bruce I am not a huge fan of this on the weekend, but banks do like the weekend. They like the idea of Saturday. Are we going to go before Thanksgiving which is Thursday? I believe so. Yes, I do believe that is true. We have heard to be fully funded, to have money to spend for Black Friday/Thanksgiving...we should have this any day now literally. I can’t say it is definite. ..(post 2 of 2)... 11-16-2018 Intel Guru Frank26 [via Clare] They tested, tried, the lifting of the 3 zeros for 4 years @ a dual exchange rate...the program rate we see & the 1- 1 we don't see....(articles prove this)...Based on what we read, that rate has well exceeded 1-1. ...more reasons, for more calculations, that have been tested successfully to calculate fractional banking - the ISX - marketplace will need and use fils...right now these and more calculations are all about accounting & math of the lifting of the 3 zeros... ISX going International... as Articles said! ...LAUNCHING the RI with NO mistakes! ...(post 1 of 2)... 11-16-2018 Intel Guru Frank62 ...It's one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD... ISX was testing an offline platform...with USA stock exchange, (don't think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse... It's happening right before our eyes whether we can see it or not! ...our sharing is weeks ahead! Just because we don't see it doesn't mean it's not happening! ..(post 2 of 2] )...
  2. In Response to "Sam I Am" above: I've been in this since 2009, and still believe in a value adjustment. Amount unknown but upwards. Look at the IQD value against all the other GCC and OPEC oil producers. The IQD is way undervalued. The lowest of all is mid twenty cents to Kuwait at $3.29 ..! Then consider Iraq's wealth in oil, natural gas, gold, and minerals. Far greater than most. Some points to's artificially devalued, and pegged to the USD for a reason. Re-read the "Future of Iraq Project", otherwise called the Bush-Cheny Plan. Then ask Adam to comment on these points, to get his opinion on them. RON
  3. I just waited till the end of the day, and posted for Thursday...! I've been in this since 2009, and still believe in a value adjustment. Amount unknown. Look at the IQD value against all the other GCC and OPEC oil producers. Way undervalued. Then consider Iraq's wealth in oil, natural gas, gold, and minerals. Some points to's artificially devalued, and pegged to the USD. Re-read the "Future of Iraq Project", otherwise called the Bush=Cheny Plan. RON
  4. 11-15-2018 Newshound Guru Kaperoni [It’s getting hard for me even seeing when or if they are ever going to float. The corruption, the stalling, the bickering/infighting, the is getting really difficult to see them ever getting past it.] Yes it can be frustrating. Keep in mind the IMF, World Bank and others are pushing this reform forward. 11-15-2018 Newshound/Intel Guru Mnt Goat Article: "ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS" ...the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar. 11-15-2018 Guest Guru Sam I Am [Do you think we will ever make any money from the Dinar?] Nobody will get rich from owning dinar. It's possible to make a profit if the CBI decides to raise the value like they did from Nov. 2006 to Jan. 2009... about 25%...but it's very unlikely that they will. But even if that happens the profits won't justify the risk IMO. ...the problem is that most dinar investors have no experience with currency speculation (including me when I got in) and they don't understand how what a revaluation is...By the way, I owned over 8 I've been on both sides...the average dinarian only owns a million or my point is that I owned a lot more than the average guy... the IQD is pegged so it only goes up in value if the CBI decides that it will...they can't de-peg until their economy is diversified to the point that most of their revenues are non-petroleum based...((post 1 of 3).... 11-15-2018 Guest Guru Sam I Am so our main point of disagreement seems to be the feasibility of the IQD floating freely. I maintain that de-pegging would destroy iraq. Kap [Guru Kaperoni] has been saying that [the dinar would float?] since 2012 but he doesn't understand that all of those articles are talking about the managed float that Iraq is currently using...they maintain the peg by manipulating the money supply. [correct and the auctions] yes. so it's already floating ... just not "free floating" like the dollar or the euro. The IMF has already stated that the IQD is rightly valued where it is...bottom line is they back their currency with their foreign currency reserves which is about $50 billion. Divide that by their M1 money supply of 70 trillion and you have a currency that is rightly valued at less than 1/10 of a penny. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar...the "program rate" isn't an artificially imposed rate but simply the rate used by the IMF for monitoring purposes...(post 2 of 3).... 11-15-2018 Guest Guru Sam I Am I didn't sell my dinar because it didn't happen on my time line. I sold because my research led me to the conclusions I'm sharing with you. If I believed it would happen I would hang on for another ten years or more. My research involves economics, IMF docs, history, law etc. Yes they're going to float the dinar in the future just like they're floating it now, via a managed float. ...those articles Kap [Guru Kapaeroni] quotes say that a more flexible policy will lead to an increase. But they mean an increase in the exchange rate not an increase in value. The CBI can adjust the rate any time they deem necessary. Trust me, a year or two from now you'll still be wondering what the hold up is. ..(post 3 of 3)... 11-15-2018 Newshound Guru Phillyman Article quote: "...the Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the auction continues to sell ministries between the political blocs in his government." Is the article true, accurate? Madhi certainly has his hands full. Who knows by the time you read this maybe all the positions will be filled with moderate, honest politicians. Of course the biq question everyone wants answered is when will the IQD move from its current level. Can we finally agree that no one knows or will know? Does the state of politics even impact that decision? The only person I listen to that makes sense to me is [Guru] Breitling. You won't find an answer to the date question...but you may feel a little better about your investment in Iraq. As insane as this country looks for investment to many I still believe. 11-15-2018 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT MEETING HELD ON MONDAY, MONETARY POLICY IN THE PRESENCE OF THE GOVERNOR OF THE CENTRAL BANK OF IRAQ ALI ALAK" So we can see the seeds have been sown and many of the newer members of parliament do want the CBI to move ahead with the currency reform. Will the CBI now do it after this meeting with parliament? All the financial news is the best it has been since 2012-2013.
  5. November 15, 2018 Foreign Currency Selling Window for Sunday, 18/11/2018 that was performed on Thursday, 15/11/2018 Announcement No.(3831) Sale Date - 18/11/2018 performed on Thursday, 15/11/2018 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 168,940,984 Total sale cash 26,530,000 Total sale amount 195,470,984 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. * Schedule of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Sunday 2018/11/18 and implemented on Thursday 2018/11/15
  6. 11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions..? "Answer: follows in post 2 below" ...(post 1 of 3....Reposted)... 11-14-2018 Newshound/Intel Guru Mnt Goat For only 2 reasons – a. continuance of corruptive banking practices (greed) and corruption and b. political will to execute the “project to delete the zeros”. Again these same politicians are making a...load of money off these fake banks. This is why Dr Shabibi realized the necessity to end these auctions as soon as possible. But the corruption during the Nori al-Maliki administration put a dead stop to this effort. This was the closest the CBI ever got to completing this project to delete the zeros. It has been an uphill battle ever since to do it...(post 2 of 3).. 11-14-2018 Newshound/Intel Guru Mnt Goat We know that the new asset backed currency rate calculation system introduced in 2012-2013 is generating periodic rates for many of these underdeveloped countries.These rates are pushed down to the banks through this system. Yes, these are real rates but they are not yet implemented. So why does the Iranian Rial all of a sudden show up again with a rate of about $3.90. WOW! This is remember all calculated based on assets and bumped around with neighboring middle eastern countries. This does NOT mean these rate are imminent or will show up LIVE today or tomorrow...(post 3 of 3)... 11-14-2018 Newshound Guru Kaperoni There is no RV or RI...if the dinar appreciates in value it will not happen overnight. That being said, monetary policy will need to change to accommodate investment and that means they will need to float the dinar. Floating the dinar allows the CBI to gradually raise the value to counter inflationary pressure created by an influx of investment. A float can start anytime, but i do not see it rising to equal a dollar for several months if not longer.
  7. 11-14-2018 Newshound/Intel Guru RVAlready The budget has nothing to do with RV timing. I do not think anyone plans a CBI investigation. The fact that the budget is already written in 1:1 numbers, should tell you everyone knows what is happening…. I think this is on a timetable. All the public stuff is just smoke and mirrors, as usual. Remember, this is a new parliament. Allaq reassured them that the MR is going smoothly. He seems to be in control of the MR, and we will see the RV when the date hits. I am hoping the date is this week, or, at the worst, by the end of November. 11-14-2018 Intel Guru Bruce Let’s start with Iraq... we find out tomorrow afternoon [Wednesday] Iraq time...4:30pm to 4:45pm Baghdad time that is 8:30 am to 8:45am Eastern Time things are supposed to be released as far as Iraq is concerned. They may put it out in the Gazette. They may do the Gazette thing which is great, but we are looking for them to release the ATMS with the lower Denoms and also put out a rate on the CBI. There are things that they have held back until we are ready to go...That is something that is supposed to happen on Wednesday...! 11-14-2018 Newshound/Intel Guru Mnt Goat Article: "FORGED DOCUMENTS FROM 3299 CARICATURES ABLE TO WITHDRAW FUNDS FROM CBI" .... yet there is more corruption in the CBI process. These currency auctions must end, as they are the source of most of this bank corruption. 11-14-2018 Intel Guru RayRen98 PM Madhi states that the completion of the delivery of the cabinet is in the coming days. Supposedly, a direct quote from PM Abdul-Madhi, "It was necessary to form the government before the end of the constitutional term and the government is strong and hear all the assessments and observations about any minister and we work on a compromise and an agreement to complete the squad in the coming days." [Hmmmmm, "It was necessary to form" sounds like past tense to me, what do you think? Or maybe it's the difference in the English language?] It appears that the CBI Acting-Governor Alak "might" be under official investigation for the disappearance (and/or damage) of seven billion dinar... 11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions. Answer:...(post 1 of 3....stay tuned...More to come later today)...
  8. November 14, 2018 CBI - Foreign Currency Selling Window for Thursday, 15/11/2018 that was performed on Wednesday, 14/11/2018 Announcement No.(3830) Sale Date - 15/11/2018 performed on 14/11/2018 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 169,403,000 Total sale cash 18,670,000 Total sale amount 188,073,000 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. * Schedule of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Thursday 2018/11/15 and implemented on Wednesday, 2018/11/14
  9. Iraq Business News <> Major Announcement The Fifth International Conference and Exhibition on Finance and Banking in Iraq المؤتمر والمعرض العالمي الخامس حول المالية والبنوك في العراق Royal Tulip al-Rahsheed Hotel, International Zone 10-11 February 2019, Baghdad, Iraq It is with great pleasure that we invite you to the 5th International Conference and Exhibition on Finance and Banking in Iraq. This is a major opening for international business to engage with an economy set for expansion and growth offering multiple strategic investment opportunities. Threats to national security have been eliminated and the foundations of a democratic country are being consolidated. Following the conclusion of national elections in May 2018 and with the formation of a new government in process, Iraq, one of the world's largest oil and gas producers is set to usher in a new era of stability. The country, with fresh leadership, is striving to secure reform and growth, ambitious projects and development in all sectors of the economy. This prestigious event promises to be a significant and pivotal opportunity to mobilise and accelerate project investment in the country. Many key-players are already ambitious and ready to activate long delayed plans - there is no better time for rapid and extensive investment in Iraq. With growing trend toward privatization, Iraq is a choice investment location for the future. Iraq Finance 2019 represents a unique opportunity for international investors, enterprises and institutions to engage with the new leadership on its plan to rebuild the Iraq Financial Market, with a government keen to end delay and move rapidly forward. H.E The Prime Minister of Iraq Adel Abdul-Mehdi will be invited to open the event. Iraq seek to accelerate economic diversification. The country is brimming with unparalleled opportunities in a multitude of sectors and the event invites business leaders, financiers and professional service providers to participate directly and engage with Iraq's decision makers. Attend Iraq Finance 2019 and get a seat at the table. Register now for in-depth information on the conference and on how to be a part of this very significant event. Why Attend Iraq Finance 2019 Gather the latest inside intelligence on opportunities in Iraq's banking, finance, oil, power and infrastructure industries. Interact with top representatives from the banking, finance, investment, insurance, and security sectors. Learn how to become involved in the modernization and growth of one of the most profitable emerging markets today, and secure relationships with the country's key decision makers. Identify innovative business niches. Establish relationships with key decision makers in an economy on the move. Benefits of Sponsoring - Click here Key Topics Reforms for accelerating economic growth and developing the financial system in Iraq. Foreign direct investment in Iraq in light of the new finance and investment laws. Financing opportunities in the country's oil industry development and the Implications of the New National Oil Company Law. A spotlight onsectors with strong FDI potential: power and utilities, transportation, social infrastructure The economy of Iraq is now set to expand dramatically. This is a big moment for the country and we urge you to explore the opportunities that this conference will provide. Iraq Finance 2019 presents a tremendous opportunity for investors and stakeholders from all over the world. Register now for additional information and how to get to the event. Thank you Symexco Team Click here for more information Symexco Ltd, 31-33 College Road, Harrow-on-the-Hill, Harrow, Middlesex, HA1 1EJ, UK Symexco Ltd is a registered company in the UK / Registration No. 07323791 Email: Tel: +44 (0) 208 861 4315 Quick Links Register Now Sponsorship Iraq/Libya Business News, The Pump House, Coton Hill, Shrewsbury, SY1 2DP England
  10. 11-13-2018 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi in news conference: I will finish forming ministerial cabinet shortly... 11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament on Monday to discuss monetary policy. 11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. 11-13-2018 Newshound/Intel Guru Mnt Goat one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming. 11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR (monetary reform), of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button. 11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th? 11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - {See posted Daily Auctions for the daily CBI dinar rates.}..]
  11. November 13, 2018 CBI - Foreign Currency Selling Window for Wednesday, 14/11/2018 that was performed on Tuesday, 13/11/2018 Announcement No.(3829) Sale Date - 14/11/2018 that performed on 13/11/2018 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 168,157,269 Total sale cash 24,770,000 Total sale amount 192,927,269 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. * Schedule of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Wednesday 2018/11/14 and implemented on Tuesday, 2018/11/13 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Exchange Rates US dollar USD 1190.000 Euro EUR 1340.535 Pound sterling GBP 1531.352 Canadian dollar CAD 898.452 Swiss franc S.FR 1178.685 Swedish krona SEK 130.190 Norwegian krone NOK 140.549 Danish krone DKK 179.704 Japanese yen JPY 10.430 Chinese Yuan CNY 170.889 Australian dollar AUD 859.894 Special drawing rights SDR 1641.284 Gold for 24-ounce Gold 1424960.100
  12. 11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. ..(post 1 of 2)... 11-12-2018 Newshound Guru ChrisC ...I believe the vast majority of Iraqi's are good people, and those that are corrupt in power have now been neutered. Corralling all the corruption has certainly taken longer than anyone probably expected, but I do believe we have a pretty firm handle on that now and finally finish the process. I believe they have had a target date in mind for a while now, but we simply have not arrived at that date just yet. Let's see what these next few days/weeks bring us and what they choose to reveal publicly as this year begins to wind down. I think we will all be very happy before too much longer, IMO....(post 2 of 2).... 11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. 11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law. 11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." (post 1 of 2).... 11-12-2018 Newshound Guru MilitiaMan Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism.imo...(post 2 of 2)... 11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS... 11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
  13. November 12, 2018 CBI - Foreign Currency Selling Window for Tuesday, 13/11/2018 that was performed on Monday, 12/11/2018 Announcement No.(3828) Sale Date - 13/11/2018 performed on Monday, 12/11/2018 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 164,746,890 Total sale cash 24,910,000 Total sale amount 189,656,890 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. * Schedule of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Tuesday, 2018/11/13 and implemented on Monday 2018/11/12
  14. These were posted very late last night but not included with the Saturday Opinions...! 11-10-2018 Intel/Newshound Guru Poppy3 IF THE FIGURES ARE CORRECT ON THE KUWAIT DINAR BANK EXCHANGE FOR IRAQ AT $4000.00 DINAR = TO $14,000.00 THAT COMPUTES TO APPROXIMATELY $2.89. I KNOW THAT DOESN'T AT THIS TIME EFFECT US BUT THAT RATE IS CONSISTENT TO MOST PROJECTION OF THE THREE DOLLAR RAGE EXPECTED. I AM ENCOURAGED GREATLY ON WHAT IS HAPPENING. (or, if it was interpreted the reverse, it would be .2857 the value of the Kuaiti Dinar ($3.294) equals US$ .94, which is more realistic ... and not a bad start). Lets hope what he claims to have seen is true ...! 11-10-2018 Intel Guru ADMINBILL I WOULD SAY THAT WE MAY ACTUALLY NEARING AN END TO THE PROCESS...I DON'T HAVE A SPECIFIC TIME FRAME BUT THE FEELING THAT WE ARE MARCHING TO THE DAY WHEN YOUR FINANCIAL SECURITY WILL BE IN THE BANK. SO HANG IN FOR HOWEVER MUCH LONGER THE WAIT IS. *********************************************** 11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done... 11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far above the $56 in the budget for 2019, if I read that correctly. So I see support for them coming back to the glory days.. imo. 11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have reached an agreement on the oil fields in Kirkuk, finalization is expected by the end of November. 11-11-2018 Intel Guru Delta Article: "Qatar offers to use its banks to circumvent sanctions against Iran" HUGE PART!!! Quote: "Even with this exception, Washington has obliged Baghdad to open an account in Iraqi dinars to pay for Iranian imports, a new restriction on remittances between Iraq and Iran". THEY CAN'T DO REMITTANCE BETWEEN IQD AND IRR AND WASHINGTON KNOWS THAT. THEY NEED ARTICLE 8 FOR THIS ACTION AND THEY CAN'T MOVE TO ARTICLE 8 WITHOUT LIFTING ZEROS... 11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
  15. 11-10-2018 Newshound/Intel Guru David M. Witty US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports. 11-10-2018 Newshound/Intel Guru BGG Flashback – The Iraqi Dinar is the official currency of a COUNTRY. For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance. THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them...(post 1 of 3).... 11-10-2018 Newshound/Intel Guru BGG I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers. 2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say...(post 2 of 3)... 11-10-2018 Newshound/Intel Guru BGG 3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward? Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced). There has been a flurry of references to this same aforementioned “project” recently in various news articles. 4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…(post 3 of 3)... 11-10-2018 Newshound/Intel Guru Mnt Goat ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement. So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV...(post 1 of 2).... 11-10-2018 Newshound/Intel Guru Mnt Goat I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end. Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient..!-...(post 2 of 2)...

Important Information

By using this site, you agree to our Terms of Use.