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Found 1 result

  1. CNN. Broadcasting While TerryK Tosses Out A 'Conservative' RV Rate ! 8-26-2014 Intel Guru TerryK I'M GETTING FROM ALL MY SOURCES IS THIS IS WITHOUT ANY DOUBT OUR WEEK...PERIOD. I'M STILL HEARING 8.16 ON THE DINAR AND OVER 2 DOLLARS ON THE DONG...TREAT STRICTLY AS RUMORS. 8-27-2014 Newshound Guru Tlar Guys hopefully we should see the RV this week and then you will get my thoughts and an explanation. I am excited by what’s going on behind the scenes but can’t say anything yet. 8-26-2014 Intel Guru Frank26 A holiday has been announced for Mon. 9/1/14. The rate is at all banks. The GOI is not to be formed, but TO BE ANNOUNCED. 8-27-2014 Intel Guru Frank26 The market price dropped from 1217 to 1203...CBI is now within 2% ready to be article 8 International status. Then we said should hear about GOI on 2nd. But cautioned that the 10th is more a reality. 8-26-2014 Newshound Guru Stryker Exchange Rate Update: The Market Rate of the Iraqi Dinar dropped to 1203 today from 1212 after dropping from 1217 on August 19th. This means that Iraq is heading closer to the 2% target rate the IMF says is needed for currency reform. It looks like that with the daily auctions at and well over $2 million per day it will not take long to get to the target rate that the IMF has stated Iraq needs to be at to implement currency reform. Target rate needs to be within 2% of the de-facto CBI rate of 1166 and the market rate, and as you can see a 14 dinar drop just since August 19th is a great start. 8-26-2014 Newshound Guru Breitling After WWII did Japan and Germany have an advantage by a lower currency? Yes Absolutely. Why would Iraq raise their currency? Wouldn't that take away their advantage? They stated they wanted to make the IQD a world reserve currency and wanted their people to compete on a global scale. Yes they needed to lower the currency…that's why we were able to buy it for a 10th of a penny…during the restructuring phase. Why is Iraq going to raise the value of their currency? Because it's only worth a 10th of a penny…sooner or later they have to increase it or their people will not be able to compete on the world stage. For Iraq to get to the next stage they have to give their people purchasing power…The CBI needs the people of Iraq to have purchasing power to rebuild their infrastructure…so the people can bring home money from other countries in the region and start businesses etc…then we'll watch the country and wealth explode…it's going to be fantastic.
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