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4-10-2020 Newshound Guru Jeff ...Iraq held two currency auctions this week... And they backdated them by three weeks...to Wednesday 3-18 and Thursday 3-19. Why did they have those two currency auctions? ...They pulled a fast one right under everyone and no one caught it. The reason why they only had 2 currency auctions IMO...What they did right before you was closed out their year-end fiscal year for the year of 2019. By them getting the books closed out it allows them to change the rate this weekend... 4-10-2020 Intel Guru Frank26 The CBI will replace the currency that they've got right now - Three zeros or the old and worn lower denoms...they have printed new currency. They say they did it already. They say they're going to coexist...I think this week we're going to really get a lot of powerful trickle down information. More and more and more is coming from the CBI...notice where it's all leading to a finale of the monetary reform... "Good Friday" Morning Dinar Vets ... Literally ... RON -
4-9-2020 Newshound Guru Kaperoni The IMF recommends that the CBI start.. “creating the conditions which would make possible a move to a more flexible exchange rate policy" (float). This would prepare them for a more “predictable and gradual appreciation of the nominal exchange rate.” We already know the plan is to float dinar based on the IMF statement above (gradual appreciation). 4-9-2020 Intel Guru Frank26 ...all of these meetings [Fab 4, CBI and MOF etc] in my opinion tie into one thing. The direction of the monetary reform of reinstatement. All these meeting or "this one meeting" is rather consistent now. It's almost turned into a lava flow of information for the citizens...it leads to only one thing - a change in their currency structure. These meetings are not the yellow brick road. It's the golden road for the citizens of Iraq to finally see something that is so unknown to them - purchasing power. The yellow brick road originates with the Central Bank of Iraq...this meeting is the only way to start the end... Good Thursday Morning Dinar Vets - have a Blessed Day..! RON
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4-8-2020 Newshound Guru Pimpy ...we see the auctions have already happened and already you guys are losing your freaking minds over it...but it's clearly an auction. What's gonna happen if the ISX opens and there's no rate change? All doom and gloom and negativity that's gonna be overwhelming everybody. Why?...the currency auctions have started there's no doubt about it...it's doesn't mean it's the end of the world. It doesn't mean that the rate is not going to change. I still think it's going to change... 4-8-2020 Newshound Guru Jeff Article: "The Finance Committee comments on the Central Banks' decision to stop the flow of the dollar" ...the Central Banks goal is really to stop the flow of the U.S. dollar. That's their goal. Remember that's actually an article VIII requirement - they can only use the Iraq dinar.
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4-7-2020 Newshound/Intel Guru Mnt Goat Article: "WASHINGTON INTENDS TO MONITOR THE CENTRAL BANK OF IRAQ UNDER SUPERVISION FOR ITS INVOLVEMENT IN WITHDRAWING THE DOLLAR ILLEGALLY" As we all know the CBI stopped selling the dollar at the currency auctions on around March 17th. So just recently they began the auctions again. They were forced to shut down due the illegal sales of the dollar to Iran that circumvented the US sanctions. A team of US specialists entered Iraq and worked with the CBI to find ways around the corruption. Now that these measures are in place, the auctions were restarted. This monitoring process will continue. The CBI must get within the 2% compliance again. No, they do not necessarily..! 4-7-2020 Newshound Guru Jeff After the rate changes...I've already talked to Wells Fargo private client services privately...Private Client Services is not a bank branch they're a division of Wells Fargo that actually invest money for you. They said depending on the amount of dinar you have they can actually exchange foreign currency at a lower price and lower fees and rates than the actual bank branches can. We're finding out that bank branches are probably gonna do it about 1-ish% based on the amount of dinar you actually have...might be able to get reduced fees around 1/2 a percent on exchange...
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4-7-2020 *** Dinar Rate Update *** The CBI official market rate for the dinar has not been updated since 3-16-2020 - The last reported market rate is 1203.455. There was a Dollar Sale today at the CBI Daily Auction retro-active to Thursday, 3/19/2020. We're waiting to see what the CBI reports when they officially update. 4-7-2020 Intel Guru Footforward ...I'm wanting to encourage people not to give up. It's my opinion the RV is close. It's my opinion the finish line is not far away. Finish well. That's the point I'm trying to make. 4-7-2020 Newshound Guru Jeff ...yesterday Monday they did not have a currency auction. Today looks just like Sunday. Today they're showing us they had a currency auction but again just like Sunday the total cash sale is zero. They haven't sold anything this whole week. BOOM! We're looking good. We're right on to see a blessing this weekend...the ISX stock exchange..say the last update was March 16 so again they have not had any actual stock trading since March 16th and so far they technically have not sold anything at the auctions really since 3-16 either...looking good. I'm excited. Good Tuesday Morning DV...! RON
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4-6-2020 Newshound Guru MilitiaMan Article quote: "In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks...and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public..." This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards... Wow, things are moving along now very nicely! imo. 4-6-2020 Intel Guru Frank26 ...IMO the introduction of the new small category notes will be with a fixed rate - regardless if it's pegged to a basket with another currency or regardless if it's pegged to the American dollar...I see 1 to 1 in the country. But then when the dinar is established enough internally and has permeated the banking structure and the markets of the world...then you're going to see confidence being built in the Iraqi dinar...then you're going to see stability for the Iraqi dinar internationally... 4-6-2020 Intel Guru RayRen98 ...News saying after long delay, China is preparing to close the "deal of the century" on oil with Iraq next week. The auctions started back yesterday...after being down since March 17...selling dollars only. News ticker on Iraqi TV broadcasts Al Zarfi saying that his government is ready and will be presented to Parliament within 48 hours. 4-6-2020 Newshound Guru Jeff ...Iraq can produce oil at about $10.70 per barrel. Back in 2016 it only cost Iraq about $11 a barrel to create it...just yesterday [Friday] Brent oil which is what Iraq works on...was already at $34 a barrel..they only need $44 to really fund the country...they only need oil about $45 to $50 a barrel to really fund their costs and obligation to run the country...
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4-6-2020 *** Dinar Rate Update *** The CBI official market rate for the dinar has not been updated since 3-16-2020 - The last reported market rate is 1203.455. Several gurus have mentioned the market rate has increased (which means the value has gone down) in certain Iraqi markets. We're waiting to see what the CBI reports when they officially update. 4-6-2020 Newshound Guru Chattels The current premier-designate has until April 16 to form the next cabinet and be approved by the majority of the parliament – or face a similar fate as Allawi, who failed to get his cabinet of independent technocrats approved after rebellion from Sunni, Kurdish, and some Shiite parties. We shall see... 4-6-2020 Newshound Guru Pimpy Yes, the currency auctions was open Sunday. Yes there was an auction Sunday. They did not sell any physical cash but they did sell digital cash. No auction today...Monday.. 4-6-2020 Newshound Guru Jeff ...even though they told you in the news that they actually have resumed the currency auctions they didn't sell anything. There were zero sales. That's the same as not having currency auctions... 4-6-2020 Newshound Guru Jeff Article "Al-Zarfi reveals the date of the parliamentary to vote on the new government" ...that will be approximately Wednesday to Thursday of this week we're entering into now. 4-6-2020 Newshound/Intel Guru BGG [Reference Mike Cottrell post 4-3-2020: "As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact"] ...None of this is accurate. The De La Rue machine is not an automated authentication protocol. Anyone saying it is – or speaking as an “authority” on the subject is making it up as they go. It is a high end counter and “screening device” – IT DOES NOT AUTHENTICATE ANYTHING. I have spoken to the engineers who designed it (in London) on a number of occasions. This was their description directly to me. Had it been the device everyone is claiming – I would have bought (or leased) one. It is not. Good Monday Morning DV....Have a Blessed Day....RON
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4-4-2020 Newshound Guru Pimpy Article "...the economic adviser to the Iraq Prime Minister Salih...the process of increasing the foreign exchange rate of the Iraqi dinar always occurs during the official holidays. This is a natural and expected thing due to the current conditions..." What are they talking about? They're talking about changing rate after the curfew. After the crisis...Is the rate change ready to happen? Is there any other articles out there that support this? Yes there is! Article quote "The Finance Committee comments on Friday the central bank's decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value in order to fill parts of the budget deficit and the needs of the government." What does it want to do? It wants to lower the value of the dollar by floating the dinar...(Post 1 of 2)... 4-4-2020 Newshound Guru Pimpy ...what this guy is saying is that the value of the dollar is strong against the dinar. They need to do something about that...We all know if they float the dinar that's based on supply and demand. We all know there's a lot of people that want to buy dinar...So what they need to do is lower the value of the US dollar...How are they gonna do that? By floating the dinar and allowing the rate to increase. Go ahead, do the pee-pee dance! It looks like a lot of this is lining up...quote "floating the dinar to fill part of the state's budget deficit is impossible. But it may be in harmony with the current situation to compensate for the shortfall of the oil revenues." They're saying look we need to do something to fill in the budget gap because of the shortfalls of the oil. And how do you do that? ...They need to increase the rate...we might be at the doorstop. Finally people! Let's not get overly excited. But it's starting to look really really good...(Post 2 of 2)... 4-4-2020 Newshound Guru Chattels Mahdi has "stepped away" but he has not "left his post", It is a curious constitutional posture from what I understand. Zarfi's government, people and policy program, are arguably dead on arrival. Both Ameri and Maliki oppose him. The Kurds have said that they will not support any PM designate without a Shia consensus favoring that candidate. While I put my money on an increase in value of the dinar, I must allow for the probability that Mahdi will stay until elections in 2022 if the/any government survives.
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4-3-2020 Newshound Guru Jeff ...here's another article that came out last night..... "The process of increasing the foreign exchange rate of the Iraq dinar always occurs during official holidays." ...it's not about the coronavirus it's about the facts...the coronavirus was just a coincidence. It was unexpected...Iraq has done too much and they've come too far along to put all their progress on hold...after 15 months of work...we are looking very good right now... 4-3-2020 Newshound Guru Kaperoni The spread or market rate is reported at 1260 to $1 today in Baghdad. That is 6%. Well out of the required 2% by the IMF. Not good. CBI needs to abandon the modified window auction and get back to the regular procedure soon. Like I said a while ago a fully liberalized foreign exchange market provides a balance between dinar and dollar to keep the exchange rate within 2% as required by the IMF. Variations of that do not work. The only alternative is floating the currency. And though it has been discussed, there has been no movement from the CBI to begin to float the dinar at this time. [The CBI official market rate for Iraq has not been updated since 3-16-2020] 4-03-2020 Intel Guru Mike Cottrell When the time comes: As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact 4-3-2020 Intel Guru RayRen98 This information is coming direct from our Iraqi citizen source... "Iranian militias inside Iraq are threatening all politicians that vote for Zarfi death...they have this up on our billboards...they are starting real trouble for Zarfi and the high ranking officials from Iran were in Iraq all day with their threats too. If Zarfi fails to be appointed then all powers go to Saleh again...he can either nominate another candidate or desolve the parliament all together according to article 64 and call for early elections. April 5 th start back up date for all banking activities in Iraq..."
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4-2-2020 Intel Guru Delta ...yesterday there was a very interesting statement from one of the citizens that live in Erbil. He went to this shop to buy stuff and the vendor refused to take dollars. [Guru Frank26 - Isn't that wonderful. When I read that out of your report I just smiled so big...you think the shop owners know something?] ...this is very strange that now gradually, slowly a lot of vendors, they're not accepting the dollar. They're just taking dinars. So for you to do that you know that there's something coming up from the CBI...
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4-4-2020 Intel/Newshound Guru tman23 What a worldwide conundrum! So what has a better chance of happening in the future 1) Iraq opens their market economy 2) there is a global reset of debt and currency values. Personally I tend to believe #2 is in play as a real possibility. And if a reset on world economies came about, it would affect #1 and their currency value ... But waiting for Iraq to reach an open market economy with poor infrastructure and poor skilled labor pools with poor work ethics being the lynch pin to gain value to the currency along with a stable government... if that’s what Kap [Guru Kaperoni] is waiting on and follows 24/7...one word with a proven history proves it will never happen that way ...that word is IRAQ!! Good Saturday Morning DV - Have a Blessed Day & Weekend..! RON If anyone is concerned about this corona virus read Psalm 91 in Off Topic Posts. Link: Psalm 91 - God's Promise of Protection Make it your declaration...! Then spend some time with Him - talking & listening...
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4-1-2020 Intel Guru Frank26 ...the same reserves that they use to support their currency exchange rate is what they are talking about tapping into now. The IMF is not going allow that. Why? Because the IMF wants them to raise the value of their currency and they need those reserves in order to raise the value of their currency...the only move is to exhale and raise the value of the currency...they need to jump into the international market with their own currency, with their own value. Good Morning DV ... Have a Blessed Day and stay safe ... RON
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3-31-2020 Newshound Guru Pimpy ...for 86% of us you could be guaranteed that within 5 months [of rate change] you're gonna be flat broke. That's haunting. A lot of you out there are saying, 'man, that's not gonna happen to me.' But look most professional athletes that make hundreds of millions of dollars are flat broke within two years. That's because nobody teaches them how to manage money. I'm sure all those people said the same thing...just be smart about your money ... get an attorney that can set you up in a way where your assets are always protected...(post 1 of 2)...more to come... 3-31-2020 Newshound Guru Kaperoni I had high hopes that this year significant progress was going to be made in Iraq regarding their economy and investment in the private sector. But in the last several weeks a lot has happened to set back the economy everything from the prime minister to low oil prices...to the Corona virus. Until Iraq can get a new prime minister, a cabinet, parliament gets back to passing laws and the Corona virus is resolved. I don't see the private sector opening up and investors coming to Iraq. And in 2013 the IMF was very clear on the direction for the dinar. They will create a diverse market economy/private sector and simultaneously float the Iraqi dinar to create an opportunity for the dinar to appreciate as a result of the success of the economy. Though this will give an opportunity for the dinar to go up in value, and also allow us as investors to possibly profit from that appreciation, it will never happen overnight... Good Morning DV ... RON
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3-31-2020 Newshound Guru MilitiaMan Article: "Currency Manipulation and Countervailing Duties" Quote: "On April 6, 2020, the rule is to go into effect and U.S. industries can begin submitting petitions for potential relief to the U.S. International Trade Commission and Commerce’s International Trade Administration" I'll bet that the data we are witnessing now out of Irag, USA, GB, CBs, etc., is that they are gearing for Iraq to be playing with the big boyz in and on the INTERNATIONAL STAGE!!! There are no coincidences ...imo... 3-31-2020 Newshound Guru Adam Montana Article: "The central bank clarifies the fact that it is not possible to pay salaries next month" Quote: "...Iraq's cash reserves are currently $ 60 billion," pointing out that "there is no reason to worry about that." Adam: "Raise the value on the Dinar and their reserves are much more!" Taken from a Mary B post here on DV..!
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3-31-2020 Intel Guru Frank26 Question "..what is the most amazing thing that you see?" That they have stopped using the dollar and the mechanism [currency auctions] that uses the dollar. And the fact that that mechanism has has the potential to use the American dollar in a very fair way... 3-31-2020 Newshound Guru Pimpy As soon as someone finds out you're a millionaire man you can expect for people to find ways to try to scam it from you. Sue you for it, purposely accidentally fall down in your home. They're gonna do whatever it take to get the money from you. Let a lawyer set you up so that you're protected. In addition to that let a financial advising team set you up. You should tell yourself you don't want all your money at one time. Let your money be invested in such a way that you live off the interest and you never touch the principle. Be smart about it. [NOTE: Speak with your financial advisor at the appropriate time.] ... (post 2 of 2)...SEE THIS MORNINGS POST FOR PART 1
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3-30-2020 Intel Guru Footforward [Question: "Are you still confident that we are looking for a rate change in the near future...?"] I can't give financial advice or investment advice. I'm not a financial expert. But it's my opinion MANY things are coming together that have been spoken of. And IMO, it's the best window we have seen since 2003. 3-30-2020 Newshound Guru Pimpy If and when there is an increase in value to the IQD: People keep asking me about these 800 numbers...I've spoken to my bank about what we need to do there in exchange and never once did they bring up 800 numbers. As a matter of fact I don't trust anything about these 800 numbers that's being told out there. There's no validity to it whatsoever... 3-30-2020 Intel Guru Frank26 [Question: "...If it's political for not moving things forward, who's responsible?"] ...it was the elite supreme bozos from Iran. They had full control of Iraq. And it's interesting how just in a handful of weeks boom! BOOM! That control that grip has been melted away. And Donald Trump I think had a big part of it. And then this corona virus was just a bonus. And I say it's political because it's extremely political...the communist democrats of United State of America don't want Trump to have this at all...we all know who the bad guys are and we all know who the good guys 3-30-2020 Newshound Guru Pimpy The temporary PM has now gotten a green light...the factions finally got together...Zafari is now a candidate and all the voting blocks had recommended him. Yay! Finally they agreed on something. On March 16 the president Saleh had appointed him as the temporary PM but now he's been approved by all the different parliamentary blocks. Thank goodness...that's a step in the right direction...his name has now been officially recommended. 3-30-2020 Intel Guru Frank26 [Question: "In Your opinion if...Iraq chooses to go bankrupt what will happen to the Iraqi government and the economy? Can Iraq still RI after that?"] I don't think that Donald Trump would allow that. I don't think Trump would allow the cancer that is in Iraq to kill Iraq. No...
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3-29-2020 Intel Guru Frank26 ...as far as when the Iraqi stock exchange will reopen and as far as is it related to the reinstatement of the Iraqi dinar I don't know. You think it would be. If it is - everything [budget, cabinet, rate] before they open is logical isn't it? That's my option... 3-29-2020 Newshound Guru Pimpy ...we need more than a rate change to happen in Iraq in order for us to benefit from a rate change. It must be recognized internationally in most cases for banks to do the exchange. Some Chase locations are already making exceptions regardless of the currency being recognized internationally or not. You can exchange the dinar there...there's gonna be a fee once the exchange happens. I believe it's around 1%. They'll charge you 1% fee to make the exchange...just for the sake of it I'm gonna use round numbers. Let's say I have a thousand dinar and it's now $3 for every one dinar. I would deposit my 1,000 dinar into my account and they would exchange it and in my account would reflect 3,000 US dollars...If I had one million dinars and it was 3 to 1...(Post 1 of 2)... 3-29-2020 Newshound Guru Pimpy I would deposit that one million dinars into my account and in there would reflect 3 million U.S. dollars. That's how it works. And there would be a fee taken out...If you're expecting to come skipping out with millions of dollars in a bag - that's not going to happen. Once the money is put into your account you will have access to some of it right away. I think for some banks there is a process in which they take the currencies and they will send it off and there's a slight hold on it...as far as you wanting the cash money itself, the paper money in exchange, you will have access to X amount of it upfront and then you have to order the rest. If you wanted a million dollars in cash you would have to tell your bank manager to order the money for you because a lot of banks don't hold that much money...(Post 2 of 2)...
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3-29-2020 Newshound Guru Jeff ...Let's say Iraq were to change the rate on Sunday April 12th. Those two email correspondences from those brokerage firms [Reference Guru Jeff's post on 3-27-2020] state they would reopen on Sunday the 12th. Let's say the rate were to change on the 12th. "The trading floor is currency open 6 hours a week Sunday, Tuesday and Thursday from 10am to 12 noon." ...if the rate were to change on Sunday it doesn't matter if the ISX reopens for business because the fact that they don't even start trading until 10am Sunday morning. That would be after the rate change. My point is, if the rate were to change on Sunday the 12th, the rate would change while the ISX is still closed... 3-27-2020 Newshound Guru Jeff ...without a shadow of a doubt the [Iraqi] stock market is closed...In the top right corner of the website it said "latest update 3-16"...the last stock trade occurred on 3-16 and it has been shut down since 3-17...[Guru] Pimpy was 100% incorrect [Reference Guru Pimpy's post on 3-27-2020] . The stock market is not open. It is shut down and it's going to remain shut down until Saturday April Saturday April 11th. Reopening on the 12th...REPOSTED FOR ABOVE.
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3-27-2020 Intel Guru Frank26 ...all the right pieces are in the right places to push the button to raise the value of the currency...these are the things we dream about, that we salivate about, that I sometimes cry about...now you've got Allaq from the CBI boldly coming out and saying this is the only solution - our monetary reforms, to lift the 3 zeros, add value, we've got to move forward... Good Morning DV - we shall see what today brings us - have a blessed day ... RON
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3-28-2020 Intel Guru Frank26 The good thing is that they are actually talking about 'lifting the 3 zeros' being postponed due to the corona virus. Which IMO mean they were "in the process" of lifting it. We were that close for a third time. God willing the CBI will return back to it after this corona has apexed...the beauty of it all is that they admit they were going to do it. They admit they are going to do it. And they admit they are going to go back to it after this corona virus is under control...that is cool. Good Night DV ... sleep well..!
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3-27-2020 Newshound Guru Pimpy ...the ISX is now open...trading has started up again. We do not see so far any change in the currency rate. I can tell you we're seeing some movement in a positive direction as far as those individual stocks are concerned...it's been down since the 16th so it's been down 10 days...we were anticipating it being down in the hopes of the rate change taking place. That's what we were looking for. We don't see the rate change yet. All the ISX could have done is at least set itself up for the rate change to happen...lets hope their purpose for shutting down is the fact that a rate change took place...Pimpy is incorrect, the ISX is not up...the tickers are moving, but rae from the last trading session - there has been no transactions since the 16th. I made this same mistake several days ago but corrected myself about 30 minutes later. We continue to WAIT..! RON 3-27-2020 Newshound Guru Jeff ...without a shadow of a doubt the [Iraqi] stock market is closed...In the top right corner of the website it said "latest update 3-16"...the last stock trade occurred on 3-16 and it has been shut down since 3-17...[Guru] Pimpy was 100% incorrect [Reference Guru Pimpy's post on 3-27-2020] . The stock market is not open. It is shut down and it's going to remain shut down until Saturday April Saturday April 11th. Reopening on the 12th...Confirmation of my remarks above...! Ron
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3-26-2020 Newshound Guru Jeff What did I tell you was needed for a rate change? To shut down the financial markets. And they did and they're still down...the financial markets within Iraq have now been down for a period of two weeks. I told you that in my opinion the financial markets would be down down for a period of 4 weeks.. 3-26-2020 Newshound Guru Pimpy ...people are asking about the rate...to me it just makes sense that they come out with $1.34...I also made an argument why they could start off at the reinstated rate $3.22. They have nothing right now. They need more purchasing power so that they can turn around and buy a ton of things. This is another reason why I think they're going to come out with a managed rate not a free float...I hate to say this but most likely be reinstated at $3.22 rate but not for very long...a rate that high will not allow them to develop economically. They would not be able to compete on the open trade market with such a high rate. They'll most likely get back down to around $1.34...but don't be surprised if they don't come out with the $1.34 first. 3-26-2020 Intel Guru Frank26 The CBI has done the impossible...I said we are never going to have an RI until we control Iran. Sure enough we've got Iran controlled - Security and stability...Number 2: Stop the dog gone using of the American dollar in your country...the only way is to stop the auctions...here comes the coronavirus...that's a good excuse...Now you have a window so big you can throw the Empire State Building through it. They're not using the auctions...oil is dropping so low these guys have been pushed at the edge of the diving board...the only option is to jump in the international pool...raise the value...this is exciting. We got everything we've ever dreamed of... 3-26-2020 Newshound Guru Adam Montana ...The IMF has stated that CoronaVirus is impacting the entire world, and Iraq is included... a reasonable reaction to that would be "Oh, great, another reason for Iraq to ask for more handouts!" Article: "The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo" ...a good article yesterday regarding the World Bank on Iraq...we've been expressing for some time now that it's time to stop enabling Iraq's policy of "pleading poverty". This may be the beginning of the end of that practice - in a good way, for us! They aren't broke, they have the means, and it's time for them to get it together.‼️...This is taken from another site that follows Adam's opinions and posts snippets from them. You can find Adam's full chat in our DV Chat Logs Forum at: Adam Montana Weekly 25 March 2020 3-26-2020 Newshound/Intel Guru Mnt Goat Article: "THREE LARGE SHIITE PARLIAMENTARY BLOCS, GIVE PRIME MINISTER-DESIGNATE ADNAN AL-ZORFI, THE GREEN LIGHT, TO FORM THE NEW IRAQI GOVERNMENT" I hope Zarfi can quickly form his government and get himself appointed as the permanent prime minister in time for the price of oil to go back up, maybe in a few months. If he can, then we might be in a good place to see the currency reform. I am still hearing that the CBI wants to do this project to delete the zeros and just needs the political obstacle gone and stability to return. 3-26-2020 Newshound Guru Kaperoni There is no such thing as a different rate inside Iraq vs outside Iraq. ...And a float in which market forces dictates the rate is the only real option... 3-26-2020 Newshound Guru Jeff ...the currency auction have still been shut down since 3-17 so nothing has happened since 3-18...the ISX is going to continue to be shut down through the end of the 28th and reopen on the 29th...IMO the ISX will stay shut down and not come back online until Monday April 13th. [Reference Guru Jeff Post on 3-25-2020] That's All Folks .... Have a good night's sleep...! RON
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3-25-2020 Newshound/Intel Guru Mnt Goat Article: "THE IRAQI PRESIDENT TRANSMITS THREE AMERICAN DEMANDS TO ADNAN AL-ZARFI" Quote: "...the American demands are summarized in three axes: First: Reducing the role of the popular crowd (Iranian backed) and keeping it away from influencing the Iraqi political decision. Second: to keep the Iranian influence from penetrating into the political and economic life of Iraq through frank and direct negotiations with Iran about that. Third: Opening up to the Arab and regional ocean countries away from Iranian dictates." So we are seeing the effort on the part of the US to get Iran out of Iraq and out of Iraqi politics. We all should know by now this is the impeding element in any progress towards currency reform. Now we know why the Shia blocks (pro Iran) are so much against Zarfi, they fear he's influenced by the USA.
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3-24-2020 Intel Guru Footforward ...people are mad because the RV hasn't happened yet. Don't be shaken! Look at all the signs that are happening..!!! 3-24-2020 Intel Guru Delta Article: "The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo" IT'S ABOUT TIME... THANK U WORLD BANK...MUSIC TO MY EARS... BOOOOOOOOM..! 3-24-2020 Newshound Guru Kaperoni ...Yes, the CBI is talking to the IMF about loans to manage the budget during this difficult time but there was no talk of raising the value of the dinar...Like I have already stated..there only really two options for Iraq...LOP the dinar (neutral event, minimal increase) or pass laws and build a private sector and float the dinar.
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3-18-2020 *** Dinar Update *** Multiple gurus and major news outlets are reporting a new prime minister has been appointed by Iraqi President Saleh. Parliament was not able to agree on a nominee so Saleh used his constitutional powers to select Adnan Al-Zurfi. He has 30 days to seat his ministers. But there's talk parliament may be dissolved as stated in the constitution since they are unable to agree on a Prime Minister. Zurfi has stated there will be early election within one year of his official appointment... Stay tuned as this evolves..... 3-18-2020 Intel Guru Frank26 [Q? : ...apparently according to the media they've got these time frames - and apparently in about 3 weeks they're gonna reopen the restaurants, the gathering places, the schools. How do they know that in 3 weeks everything's gonna be okay?] I think it's because it's tied to the Iraqi dinar timeframe... 3-18-2020 Newshound Guru Adam Montana Article: "The President of the Republic assigns Adnan Al-Zarfi to officially head the government" ...here's a name for you: Adnan Al Zurfi. That's the name of the person just appointed to the Iraqi Prime Minister position. Truthfully, my friends, it's too soon right now to know if he will be the one to ring the bell for us. ...Too early in this to get excited, but I'm happy to see something happening. Let the news roll in! This was taken from another site that follows Adam's Opinions and posts snippets from them. Check our his full chat here on the DV Chat Logs forum at: Adam Montana Weekly 18 March 2020 3-18-2020 Newshound Guru Pimpy .[Q? : .. somebody want to explain to me how it is that you can say the rate is never gonna increase and get up to where it was at one time when in fact it used to be above $2.] There's no reason for it not to be reinstated up there again. Now I've made my pitch for why I think it's gonna be $1.34 and I'll stick to it still. Don't get me wrong I would love to see it go up above $2...I would love to see it be reinstated as $3.20/$3.22 rate. The point I'm trying to make is this, the sanctions happened which caused it to lower the rate. It's the 9th wealthiest nation in the world. It has tons of oil reserves as well as a bunch of other raw materials that are just not being tapped into right now. There's no reason for this rate not get back up to where it was before...once they are back onto Forex and people are investing in their currency on a known foreign exchange platform this is gonna benefit... 3-18-2020 Newshound Guru MilitiaMan "Iraq market: stop the organization of trading sessions and trading activity in securities as of tomorrow" Quote: "...the suspension of stock dealings from Tuesday 2020/3/17 to enable brokerage and investment companies to complete financial adjustments between them - starting again on 2020/3/24." Oh!!! Man!!! They have to have things adjusted within that time frame above! Everything needs to be done and dusted by then!!! IOO, they'll do this with Mahdi ioo...in other words we are getting paid..!!! MilitiaMan originally posted this yesterday morning.
