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11-1-2018 Newshound Guru MilitiaMan On a slightly different path we see working in conjunction with Iraq, we did see the AMF with Iraq that ended a 10 day meeting...last Thursday. It was between Iraq and the AMF among others like the IMF, WB, BIS, etc.. Why is this all important...Contracts. The AMF (22 countries), Kuwait, USA, Great Britain, Japan, Korea, etc., were working on imo valuation of the REER to use for to adjust contracts. Very important part of the final process.. They need to establish Fair Value for pricing goods and services. 11-1-2018 Newshound Guru Kaperoni [Q? : When are they [IMF] going to review Iraq’s situation again I wonder] Once the government is fully formed. I would expect we will hear within a month. 11-1-2018 Newshound Guru Adam Montana [Q? : How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.] Dramatically indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us. The following are REPOSTED from the earlier 2PM post....they are reposted here for those who may not have read them earlier. 11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do....(REPOSTED) 11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well....(REPOSTED) 11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.....(REPOSTED)- 1 reply
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11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do. 11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well. 11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
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10-31-2018 Newshound Guru Adam Montana At the moment, I am content to wait for things to unfold - we have some important dates upcoming, and I foresee a holding pattern until the GOI is fully formed. On the positive side... I have nothing negative to report...November 6 is a good day to watch for... it should be apparent at that time what the missing component is (which Government position), which will give us a very decent clue about what we can expect in the coming days. Regarding the upcoming sanctions [Iran]...I'm glad they are prior to November 6th - that should streamline any effects that they may have. ...Where the sanctioned parties may experience a weakening, Iraq has a great opportunity to gain strength. For that reason alone, we could have a nice window just ahead..! 10-31-2018 Newshound/Intel Guru Mnt Goat The news is slow from Iraq since Monday and Tuesday were official holidays. Now they go back to work, however parliament is not expected back until Nov 6th. Anyhow I would not stake any RV on any trigger completion of Mahdi’s new government in this next session anyhow since we also heard that it is not a critical matter anymore and the last set of ministers are picked and all agreed on them already...the only target I know of is of EARLY 2019. The CBI did want to move ahead with the reinstatement in the month of October but could not do so due to not resolving many matters as they thought they could. That's All Folks...! Ron
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10-30-2018 Newshound Guru MilitiaMan ...Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Guru Walkingstick's) firm was in the meeting. The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there... WS tells us they tried and tested the rate and they were successful. The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too....(post 1 of 2)...see next... 10-30-2018 Newshound Guru MilitiaMan The amount of logistics to get all that done, all the people, hotels, gifts, training, etc, and with all those big players will go down as darn near nothing but, miraculous, imo. With that said...I, others, believe this is such a very bullish time frame is because the REER ( Real Effective Exchange Rate) is time sensitive, ioo.(in our opinion). The REER was done Thursday last real close and for them to get the rate done, it cant be much longer for us to wait, as the margin of error in the rate becomes ioo an issue, as the rate could change and that would effect a lot of countries... Therefore, the window we are in now this week thru Monday-ish next week is serious to us...nothing shows us that they are going out to next year... Nor much into November for that matter... imo...! ..(post 2 of 2)... 10-30-2018 Intel Guru Frank26 IRAQ: We are a trading HUB... on Nov. 4th, Washington DC told Iraq to Sanction Iran & All Foreign Currency ...CBI Does not want worthless currency with no value...no swaps ...no auctions...US has told Iraq to Sanction Iran...Iraq is sending a message to D.C., Fantasic 4, that they obey! ...Iraq starts sanctions before Nov. 4th as commanded by those in control... ATM's no longer disperse Foreign Currency...New ATM's ONLY disperse IQD & soon a new category note...Iraq says our National Currency will soon have value and we will only use our National Currency, which will soon have value for the world!...As of today 4-6 Timeframe @ 3 week mark...TF is on track...furthermore in Frank's opinion...before years end... what we should see in the remainder of TF should not be shocking because they are getting ready...they already told the citizens. 10-30-2018 Newshound Guru MilitiaMan ...with what we have learned from WS [Guru Walkingstick] the rate is going to be effectively in a range that is based on a mixture of the AMF / AAD and the IMF / SDR 3x. The latest loan issued by the AMF in summer of 2017 was around $4.25 - $4.35 / 1 AAD and the AMF / SDR $1.42 3x = $4.26 on the daily rate they use, if I am accurate. If they use the monthly rate of the SDR of approx. $1.95 3x = $5.85...All those numbers or ranges are easily supported by Iraq's wealth. ioo...WS brought us the formula relatively recent time past. I trust his opinion on the matter somewhat knowing where and what his connection is and to whom. So the AMF / AAD - IMF / SDR 3x relationship meets that criteria and is competitive to surrounding nations in the AMF. ~ imo...! - ...(post 1 of 2....stay tuned, later today/tonight)...
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10-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE ECONOMIC COUNCIL STRESSES THE IMPORTANCE OF IRAQ’S TRANSITION TO THE FREE ECONOMY AND STRESSES: INVESTMENT IS THE SOLUTION" Quote: “THE INVESTMENT LAW IS THEORETICALLY MORE THAN GOOD, BUT OUR PROBLEM IS IN THE IMPLEMENTATION.” The question now is – Will they finally move too a market economy and private sector to attract investors under Mahdi or just talk about it again during this administration? This is also part of the reforms necessary to move forward. The CBI can not move ahead with the project to delete the zeros without these reforms implemented. This is also part of what they told us was a “more suitable environment” for the project to occur. So if you are expecting any RV in November or even in December I would not hold my breath...lol..! (From Tuesday Night) 10-31-2018 Intel Guru Bruce Here is where we are. You guys know that even though it seems that Iraq used to be the linch pin. Now they are sort of the hinge pin. Now China is the linch pin. China wants this thing done, and they have in essence moved this up a day or so for us. That is very positive...really good news. So let me tell you Iraq is in the picture though. ...we are expecting all the rates of the main currencies that we...hold to come up on the screen around by midnight, by or before midnight [Wednesday]...The Dinar will have an in-country rate which is well over $4 now. Ugh..! In Country, a Dinar will always be worth a one dinar (1 IQD). Only out country will the IQD have an exchange rate for the value of the IQD against each nation's currency - and that will be after they de-peg from the USD, and have an international rate (determined by a basket of currencies & the IMF SDR). Whatever it gets to in-country meaning the rate within Iraq, we will have a higher rate on our front screen than what they will have in-country. It could be almost doubled than what they have in-country in that range approximately. What is interesting is they are getting in preparation for everything to go. ...You are in a very close and good place provided everything rolls according to plan, I think we are right there, right where we need to be. Bruce is out to lunch again with his opinions & predictions. I'm not sure he's operating with a full deck - a bit delusional...! ...RON 10-31-2018 Intel Guru RayRen98 Abdul Amir Taiban, deputy of the Fatah alliance, stated that the remaining 8 cabinet selectees will be voted and accepted at the next session of the House of Representatives. We hope...!
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10-29-2018 Intel Guru Frank26 [Q? : Can a national currency exist on program rate?] YES, A NATIONAL CURRENCY CAN EXIST ON A P.R. IN COUNTRY BUT....AN INTERNATIONAL CURRENCY CANNOT EXIST ON A P.R. OUTSIDE OF THE COUNTRY. 10-29-2018 Newshound/Intel Guru Mnt Goat We can see the news from Iraq is slow once again. We are at another lull. As far as the elections go we are waiting for early November to get the rest of the ministers but most importantly to see who is going to be the next three Vice Presidents...Remember the Sadr Movement does not want any old politicians in this new government. So the chances of having the Nori al-Maliki or the other two VPs back in the VP positions is slim to none. However, we must consider Maliki and his goons will continue to try and try right up until the announcement and vote in parliament. ...Iraqi is now putting the emphasis again back on the economy, the 2019 budget and the implementation of the “Investment Law”. 10-29-2018 Newshound Guru MilitiaMan Article: "Iran's economic minister: America implemented its ban before November 4" Looks like they shut down Iran currency swaps / auctions??? USA implements sanctions early, thus, Iraq has obliged by not trading dollars and apparently Dinars, as they would more likely loose as the sanctions take effect, thus, they shut it down.. Wow! imo. 10-29-2018 Newshound Guru Currency365 Breaking President Trump Implements Sanctions on Iran Before November 4th... 10-29-2018 Intel Guru RayRen98 Iraqi TV is reporting that new PM Abdul Madhi is not under any time constraints to complete the remaining 8 cabinet positions but also sharing that names may be presented at the November 6 meeting for consideration. 10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per articles....(post 1 of 2).... 10-29-2018 Newshound Guru MilitiaMan Well by turning off Iran today real close (possibly days ago), they won't let them use the old IQD nor the New IQD, and or the USD per sanctions that apparently are in place early, and they don't have the new IQD yet.. Fascinating, if that holds true. The new currency looks to be the trigger point to seriously put the squeeze on... If the Iranians can't use the old and don't have the new, they'll not benefit from the new Real Effective Exchange Rate for the New IQD. Man, if that holds true, there are going to be some folks feeling a lot of economic pain... Imagine, your seating on 10 million IQD and in Iran? Can't spend them or exchange them for USD nor New IQD...They are effectively worthless to those imposed by sanctions.. imo.!...(post 2 of 2)...
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10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per previous articles. 10-28-2018 Intel Guru Frank26 Article quote: "A report by the Central Bank of Iran, which was published on its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security." IMO ...SINCE THE START OF THE MR OF THE IQD...THE CBI AND GOI HAVE SOUGHT SECURITY AND STABILITY IN THEIR COUNTRY. TO STOP THE TERRORISM THAT IRAN FUNDS INSIDE AND AROUND IRAQ. TO STOP IRAN'S CONTROL OF THE GOVERNMENT OF IRAQ. IMO...THAT MISSION HAS BEEN ACCOMPLISHED TO A TOLERABLE LEVEL OF IRAQ'S CONTROL NOW. ALLOWING ...IMO ...THE IQD'S MR TO COME FORTH...NOW. 10-28-2018 Intel/Newshound Guru RVAlready [New Guru] I wish they would kick the RV across the finish line. I am pretty sure everything is ready now. There are no reasons not to do it, and plenty of reasons to do it now… I am of the mind that they will do it soon, or lose the chance, and never do it. Kind of now or never in my mind… They would not have bothered to show the new bills and coins last week, if they were not going to do it…To me, this feels like the quiet before the storm. 10-28-2018 Intel Guru RayRen98 Mahdi sworn in. Took place on Thursday. Has a constitutional government with 14 ministers. The other ministers are to be sworn in at their next session. Could be tomorrow [Sunday] but said 6th of November. We are waiting! Banks have not come back and given us a window . . . Anticipating "IT" would be in the Gazette which we thought was going to be today. Haven't seen or heard about it. May not be printed until Wednesday but when it does there will be International notification of their cards and rate. So we wait...!
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Not much posted today, but any late postings will be added as a Reply to this Thread...! Blessings everyone...RON 10-27-2018 Newshound/Intel Guru Mnt Goat Article quotes: "The Board of Directors of the Central Bank today issued an important statement in which it noted THE CONTINUATION OF ITS EFFORTS DURING THE PAST YEARS TO ACHIEVE ECONOMIC STEADFASTNESS IN THE CIRCUMSTANCES OF IRAQ AND FACED ECONOMIC AND SECURITY SHOCKS."; "...the central bank WILL WORK WITH CARE AND DEDICATION IN ORDER TO ACHIEVE STABILITY IN THE FINANCIAL SYSTEM AND THE MONETARY SYSTEM IN THE NEXT PHASE..." WHEN THE CBI TALKS I LISTEN...They keep talking about the “Next Phase” . So what is this next phase...?? There has been articles on this phase...and according to them it is a 5 year plan (2018-2022) with continuation of the reforms including the monetary reforms, which we know is the project to delete the zeros. 10-27-20218 Intel Guru Footforward I think RV will be summer of 2019 at this point... 10-27-2018 Newshound/Intel Guru Mnt Goat Article: "MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY" Article quote: "The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives." I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.
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10-26-2018 Newshound/Intel Guru Mnt Goat Abdel-Mahdi is sworn in...as the new prime minister along with 14 of 22 ministers. Remember the CBI NEVER came out and directly told us they would reinstate or RV the currency after the elections process was over. This was assumed from what they said to us back in April. So no one really knows for sure just how long this might take. 10-26-2018 Newshound/Intel Guru David M. Witty Sources near Iraqi Oil Ministry: Iraq will stop exporting Kirkuk's oil to Iran in November to coincide with new U.S. sanctions. 10-26-2018 Newshound/Intel Guru Mnt Goat So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury. What is the latest count based on this procedure? ...the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. ...Even with the gift giving, the UN Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process... 10-26-2018 Intel Guru Frank26 ...the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate. 10-26-2018 Intel Guru Bruce [via PinkRoses] Now you guys knew they were having an election and appointment their Parliament and their Cabinet...What does it have to do with it? Well it has to do with we have been waiting on Iraq to announce their Parliament, Cabinet, new Prime Minister, and to put a rate out. We do know there is an in-country rate in Iraq which we believe is at $3.71. Then we will have our in-country rate which will be much higher well over double that we believe. The most significant piece I heard today was that approximately noon EST all the rates came off the IMF screens except 5 and those 5 were that make up the SDR Basket, the Special Drawing Right Currencies. That would be the USD, the British pound, the Euro, the Chinese Yuan, and the Swiss Franc...(post 1 of 2)....See Following: 10-26-2018 Intel Guru Bruce These rates came completely off the screen at noon, and not come back up until 2:30am. The last time that happened was the day before Kuwait revalued their Dinar. Pretty significant for those who remembered the revalued of the Kuwait Dinar. That is a big deal. The gist of this is we are so close we can just about touch it. We have been patient to wait this long, but if we are to look back at what has happened, we see all these puzzle pieces we have put together in this 1000 piece puzzle creating this picture for us. They have got this far enough where we are sort of at the point of no return...We are in a really good spot to begin...(post 2 of 2).... 10-26-2018 Newshound Guru chattels So, it would appear that Iraq has a new government. The government is " incomplete " ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is " functional ", i.e., there is a majority which enables the Cabinet to meet / act / govern.
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10-25-2018 Intel Guru Frank26 [via Sunkissed] Article: "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability." ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER...!!! REER…is a change…within the country’s currency, with denomination or, with the exchange rate of their currency. A change....Yes...(post 1 of 2).... 10-25-2018 Intel Guru Frank26 The CBI...has given us all the signs without saying the word… REER... This article cuts very short. All it does not say is the acronym REER. But the whole article, is nothing more than a self-confession, a definition of the Tried, Tested, and Success of running their country at 1:1. REER stands for Real Effective Exchange Rate. REER means equalizing, bringing forth, the REAL EFFECTIVE Exchange Rate, of a countries currency; which by the way, is not a Program Rate. [Guru] Walkingstick, his friends, his bank owners, his firm, his employees were selected to do this test and trial run, on a second set of books, that the GOI, using not the Program Rate, but a 1:1 rate, testing in the process of the REER...Because these banks, that ran with the testing, and made it successful, are now reporting to them, to say: All systems are “GO” on our Monetary Reform. The environment: We have maintained the stability in the exchange rate, in foreign currencies....post 2 of 2)... 10-25-2018 Newshound/Intel Guru Guru David M. Witty Iraq's 8 unfilled minister positions to be voted on by Parliament on 6 November. We shall see if Frank is correct....soon enough. Let's hope he is correct - this time..! 🍷🍷🍷
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10-25-2018 ***** ..IQD Guru News Flash ***** It's official! Mahdi has been officially and constitutionally sworn in as the new Prime Minister. The new GOI has been seated a week before the constitutional deadline. The peaceful handoff of government control ceremony happened late yesterday with former PM Abadi. At least 14 ministers were also sworn in, including the important posts of Minister of Oil -Ghadhban and Minister of Finance -Hussein. The gurus point out that the GOI is officially seated and the transfer of power complete BUT there are still 8 or so minister seats to fill...there could be some surprises to come. Stay tuned as the gurus chime in about this HUGE surprise development! 10-25-2018 Intel Guru RayRen98 Wednesday activity in Iraq...Abdul Madhi is sworn in as the country's Prime Minister (finally)...14 ministers are also sworn in before Parliament. News reports indicate that the government of PM Abdul Madhi has become constitutional. US Banks were excited with anticipation of exchange activity possibly this week (?) Time Will Tell. 10-25-2018 Newshound Guru Kaperoni Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy. I've always felt this consultation will occur before any significant monetary change. If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business. Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually. And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest. 10-25-2018 Newshound Guru Adam Montana There have been times in the past where I mentioned that we have a "couple weeks" or some other amount of time where I definitely didn't see anything happening. Now is not that time... Anything can happen right now. The only issue I see right now is the final seating of the new members...It is a REALLY good feeling to be able to say the "only thing" holding us up is a finalization of the new GOI, which is proceeding very smoothly..! BLESSINGS...! RON
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10-24-2018 Newshound Guru Kaperoni So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq. There will be some twists to this but Mahdi is officially the new Prime Minister. 10-24-2018 Newshound Guru MilitiaMan This was all done on Abadi's watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform. They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future. They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it's success. Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call? AMF...here! World Bank...here! Iraqi Private Banks...here! CBI...here! Ok. Everybody is here...let’s begin!!! 10-24-2018 Newshound Guru MilitiaMan Article "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" Here we go! The hand off is about to occur! The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as WS [Guru Walkingstick] has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future. They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions! 10-24-2018 Newshound Guru chattels Article quote: "...the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime." The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime. 10-24-2018 Intel Guru Bruce [via PinkRoses] What we understand is that the date that will go down as the start of this RV or GCR or whatever we are calling it this day, it is going to end up being ...October 22nd...We know that things have happened since last Tuesday and Thursday to move this thing forward. We know that we are right there in the sweet stop for this to go the next few days. I am hearing information that is pretty time sensitive. ...tomorrow [Wednesday], Iraq time, between 6 and 8 pm ...is the meeting that will determine everything...that is Iraq is to do the new rate for the dinar, with their Parliament...Election of their Cabinet, and everything they need to bring out. That is a two hour meeting. I am hearing about an hour afterwards, let’s call it 8:30 or 9 pm Iraq time tomorrow [Wednesday], I think they will bring out their new rate. ...convert it to US time, that means the timing of that meeting is between 10 and noon EST. 1:00pm will be an hour later...(post 1 of 2)....see following: 10-24-2018 Intel Guru Bruce I am not trying to call it. I am saying if this is to go tomorrow [Wednesday], it should go some time after that Iraq meeting concludes and after those rates are put out. Possibly they be put out around 1pm EST. We are very close to this going. Banks...are on lockdown... I am doing my very best not to call it. ...I am just trying to paint the picture I am hearing. I am putting out information that is valid, that I think is meaningful to us, and it just might bring this blessing in for us...(post 2 of 2)... 10-24-2018 Newshound Guru Phillyman Article: "Iraq’s Sadr rejects secret vote for new cabinet" Quote: "Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup." How can you blame him with all the corruption that has taken place? Sadr does not like the "secret vote" but it looks like it is still on for today. 10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing... Any additional guru posts will be posted here, later tonight, as a reply. RON
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10-23-2018 ***Dinar Information Update*** Here are the CBI official rates for the dinar: ( Updated: 10/23/2018 on the CBI Website ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 10-8-2018) 1208 IQD to 1 USD The official exchange rate and the CBI reported market rate. Members have noticed the CBI has NOT updated the market rate since October 8th...that's over two weeks. The CBI generally update this number every business day or every couple of business days. I wanted to let you know, the numbers shown here are the official CBI numbers. This delay is a little out of the normal behavior from the CBI but we'll have to keep an eye on it to see if it means anything...they have delayed updates in the past. Stay tuned to see if any of the Gurus feel this is something interesting and meaningful or not. 10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing... 10-23-2018 Newshound Guru ChrisC ...Do the people know they are going to be revalued? Logic would say yes and the second article is just a final statement from the CBI of timing and instructions. They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn't be confused with the new design. I remember when the new 100 bill came out here. It was a little of a surprise to see it but in a few days it was no big deal. I fully expect this to happen soon. It is absurd to think Iraq will not have a strong international currency... 10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry. 10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful! 10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week. 10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening. 10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little. Blessings to you all...! RON
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10-22-2018 Newshound Guru Currency365 ...he [Abdul-Mahdi] has till NOV 3rd to announce his govt... and if he cant put people in the seats he will give some of his people 2 positions and he will take several positions himself to fill the empty seats. 10-22-2018 Newshound/Intel Guru Mnt Goat Article: "MAHDI WILL PRESENT THE NAMES OF MEMBERS OF HIS CABINET AND THE GOVERNMENT PROGRAM TO THE HOUSE OF REPRESENTATIVES ON MONDAY" ...Mahdi has come way too far already...Closer than any other designate prime minister before in getting this completed head of the deadline. 10-22-2018 Newshound/Intel Guru David M. Witty US says it will support the new Iraqi government of PM Abdel-Mahdi if Iraq fully adheres to US sanctions on Iran. 10-22-2018 Newshound/Intel Guru Mnt Goat ...this past week we heard many stories from the news media in Iraq when the announcement of Mahdi’s new government would take place. We were originally told on Thursday, then postponed until Saturday and then Sunday. Now...they are telling us to wait until Monday. I also want to reemphasize that you should NOT be anticipating an RV once the government is formed. ...This reinstatement will occur ONLY upon indication from the CBI. So far they have not said anything more in this regards. We do know they are targeting by the end of October and then they move on to EARLY 2019, if it can not be accomplished in this timeframe. Let’s sit back and see what happens... 10-22-2018 Newshound/Intel Guru David M. Witty Iraqi political source says incoming PM Abdel-Mahdi will present a partial cabinet of 15 ministers to Parliament on Wednesday for approval. Somewhere between 11 & 13 of the ministers are independents. 10-22-2018 Newshound Guru Bloodloch [Q? : ...how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our 'tasty treat' preferably (but unlikely) before Halloween?] [reference Guru Bloodloch post 10-21-2018] I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I'm not predicting as much. ...As for how they'll turn those trillions into billions, that's the crux of it, the secret sauce so to speak. The fact that the CBI hasn't announced the details yet means it's probably a secret. Whether I'm right or wrong, ...doesn't really matter. I'm waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I'll know for sure. Until then, it's still in play. The release of those very low denominations. That'll be our confirmation one way or the other.
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10-21-2018 Newshound/Intel Guru Mnt Goat I want to remind everyone that there is NO FACTUAL basis for anyone telling you the Reinstatement is imminent. I know of a plan to reinstate the currency by the end of October if and only if the US is willing to sign off on it. This will NOT occur unless the government is “fully” formed and key positions are NOT in jeopardy.Personally, I believe we will move into 2019 without a reinstatement as the CBI is already looking at this timeframe as a possibility. There is just too much evidence building already for the case of 2019. 10-21-2018 Intel Guru RayRen98 Parliament meets today to resolve 70% or more of Madhi's cabinet selections amidst assurances that he would not select previous ministers of PM Abadi cabinet or any deputies from the current session. The intent is to conclude that the votes on the government of Madhi does not exceed this week. A memo, intended for banks to arrive late Friday evening, has not appeared with some banks and did with others. The basic emphasis is on expected changes on Forex. Let's just wait and see what happens later today when it opens. Screens were grayed out over the weekend.
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10-21-2018 Intel Guru Frank26 They talk about maybe ...[Saturday], maybe Sunday, to sit the government. But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform? It would be nice to have it. But look, go back to the days of Maliki. Go back to the days of Abadi? Did you ever see a fully seated government? No. Fascinating isn’t it? Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion. You know why it’s my opinion? Because it’s a rumor in Iraq. 10-21-2018 Newshound Guru Bloodloch There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar." If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency? Within that answer may lie both the trick and the happy treat....And what exactly is that supposed to be..? Adam has been saying for years that it would start at about 10 cents...then let the market take it from there in a controlled (by the CBI) manner. I'm ready for 10 cents as a start...! That would be an increase of 100 fold (100 times what you paid) - Nice..! RON
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10-20-2018 Newshound Guru chattels [will they make the 24th deadline?] The 24th is Mahdi's target date. The constitutional "deadline" is November 2/3. News reports say Monday (22nd) or Wednesday (24th) that a list will be published, so it appears that Mahdi may meet his targeted date with a partial list. Every nominee on the list must be voted upon by Parliament individually. 10-20-2018 Intel Guru ADMINBILL ...things related to the end goal are being accomplished each and every day. Are potential "test runs" being processed through the system? Possibly...We are not there yet. But it's coming as...others are hinting at. Still no date or rates. 10-20-2018 Intel Guru Frank26 ...the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq....at a University where there were hundreds of students...they were talking about the Iraqi Currency. When the Symposium was complete...they opened it up to Questions and Answers. It wasn’t for the Media. ...There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks...all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions...They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about? ...(post 1 of 3)... 10-20-2018 Intel Guru Frank26 ...Mousawi...that has worked with the CBI for many years, he has to be very careful how he answers the questions. Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated. They responded...that the process…”...is “on-going” with the CBI. It is in motion right now. That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency...as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed. ..(post 2 of 3)... 10-20-2018 Intel Guru Frank26 Here’s another question that my bank friends asked: Your intentions to reinstate the currency...is this correct? To which Mousawi said: We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please... Notice the ADMISSION...that it is in progress right now and SOON… to be released...(post 3 of 3)... 10-20-2018 Newshound Guru MilitiaMan Article: "Abadi office: The current government has the constitutional powers to exercise its functions and carry out its duties" Quote: "It continues to practice and assume its constitutional responsibilities and conduct business, Before parliament for the next government." They are telling us that under the present circumstances and timing, the current government can and will execute necessary constitutional obligations, economic projects (contracts), investment projects (contracts), service sector projects, urgent contracts all within the legal confines of the 2018 Budget. The President, present Prime Minister and the Prime Minister Designate are on board... I suspect...todays Oil hand off with 9 companies were part of the Urgent Contracts and not to mention inclusive by including non-fundamentalist's...In other words, they are including Christians which suggests they are gearing for to national reconciliation in which may or does include the HCL.. imo 10-20-2018 Intel Guru RayRen98 . . . Quite a few things have come in just in this hour that we'll get more confirmation on. Bottom line: We've been working at this, this long; waiting this long. What's another few hours, few more days to get the best out of this? What do you think it's going to be like when the light turns green? and all currencies are exchangeable at a new rate. Information is going to flow 10 X's as fast and as quickly. Patience is a virtue.
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10-19-2018 Intel Guru Delta Article: "Indicators of improvement and realistic stability Mohammed Hassan Al Mousawi" Quote: "Financial indicator: The deletion of zeros from the Iraqi currency evidence of the strength of the Iraqi dinar exchange and return to the predecessor of his reign." [This ENTIRE article is telling us ALL the accomplishments that Iraq HAS ACHIEVED!! IMO...all past tense!] I DID READ IT IN ARABIC ...YES THIS MAN SAYING IT'S DONE... 10-19-2018 Newshound/Intel Guru Mnt Goat We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second...the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.
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10-19-2018 Newshound Guru Currency365 Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company...(Preparing for Citizens monthly Oil Revenue) 10-19-2018 Intel Guru Bruce On Tues. Oct. 16 Trump gave Iraq a 48 hour window to get things done. They met that deadline by Thurs. Oct. 18. A super rich person in Jordan was using his office in Iraq to funnel money to terrorists. They handled this by freezing accounts in order to meet the deadline and be RV ready. Today [Thursday] Oct. 18 the new Rates went back up on the bank screens, and then went to flashing as they adjusted to the QFS system. Bruce was told this would be a morning daytime event. They may wait until all banks across the nation were open before releasing. You could negotiate your rates, although the screen rates were so good that you may not want to. 10-19-2018 Newshound/Intel Guru David M. Witty Iraqi political sources say PM Abdel-Mahdi (designate) will present his cabinet to Parliament next week but without names for ministers of Defense, Interior, Foreign, Oil & Finance. Still searching for these & tied to political parties' desires. 10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
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10-18-2018 Newshound/Intel Guru Mnt Goat Right now we are waiting for the new designate PM to form his government, which is his cabinet of ministers that run the government. We know the constitutional deadline is Oct 24th in which to do this. The new speaker just told us...that he fully expects to hold a vote to ratify the new cabinet within this timeframe. We know the USA refuses to sign off and give a full commitment to reinstate the dinar unless they see a stable new government. One of the conditions they have give is to form their new government. Iraqi news reports that Prime Minister-Designate Madhi will present his cabinet choices on Saturday Oct 20th and Parliament will hold a special session on Sunday for voting. 10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government. 10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more. 10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,” 10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! ...(post 1 of 2)...Reposted.. 10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. ...(post 2 of 2)...REPOSTED..
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10-17-2018 Newshound/Intel Guru Mnt Goat THE PROJECT TO DELETE THE ZEROS IS IN MOTION...We are now seeing the very slow transition to the dependence on the smaller denominations as part of the plan. We know this is within the last steps of the plan. Soon they will launch out the next set of even yet smaller, smaller denominations...the initial removal of the 3 zeros will not impact the rate. ...They are not reducing the value or increasing the value of the dinar within the “initial” stages of the plan to delete the zeros. ...initially the rate in country will come out at about 1:1 for about 2-3 weeks prior to us seeing it on the global trading platforms. This gives the CBI time to monitor it and adjust for inflation. Then when it does finally come out on the exchanges, it will be adjusted to the new SDR basket and put on a float (as all currencies on the exchanges are on a float). There will probably be a fixed cap (a predetermined maximum rate). 10-17-2018 Newshound Guru Kaperoni I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI. I have said on numerous occasions IMF Article VIII is critical to opening Iraq's banking to the world's Financial system. I don't see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov. 10-17-2018 Newshound Guru Walkingstick [via Clare] A Sovereign Currency for a Sovereign Country...When a Governor puts a signature on currency it's because preparing to leave and go International / Global markets...Table has turned... CBI saying we are getting it Done! So much in place ...Very impressive...GOI tipped their hat by supporting Alak's signature...GOI is saying currency is going international...IQD is going to change the face of the global market, because of a Basket! 10-17-2018 Newshound/Intel Guru Mnt Goat CURRENT TARGET DATE BY THE CBI: I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done. 10-17-2018 Intel Guru Bruce [via PinkRoses] ...it seems to an extent that we are waiting on Iraq to flip the switch for their own evaluation of their dinar publicly. We know it has been going up in value in country and on their debit card, the so called Qi cards for months now. We know it has not been made public on the CBI or anywhere else. ...Where we are is Iraq’s Prime Minister Mahdi is to select or has already selected the cabinet for the Parliament, his cabinet. That is to be given over to the Parliament to vote in on Sunday. Now that is for I believe is for something of a formality. I think what has happened is President Trump had a conversation very early in the morning...with Abadi to get this thing done in terms what Iraq needs to do with their Parliament, the seating of it, to have that done as well as their rate out published in 48 hours. I believe they are going to do that...(post 1 of 2...).. 10-17-2018 Intel Guru Bruce I have heard they wanted to adjust the rates over the next day or two. Either Wednesday or Thursday they should have those where they want them to be for us to go. The rates are being traded upwards. So I am excited where we are going. We are coming up on it. I would say the intention is for this to go down in the next two to two and half days. Simple as that. I know in Iraq they have plans to celebrate... Wednesday, Thursday, and Saturday. I think they are ready for something to pop over there or they wouldn’t be setting up celebrations. People are excited about it. The ones we are talking to over there are excited about it, and they see this happening...(post 2 of 2)... 10-17-2018 Newshound Guru chattels Article quote: "The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires," The constitutional deadline expires on November 2/3 depending upon the news that one reads. 10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why.
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10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why. 10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "...the Financial Advisor to the Prime Minister confirmed the appearance of Mohammed Salih on Sunday that the sovereign wealth fund (now 20 trillion dollars (not dinars) will be launched next year 2019 after the implementation of the law of the National Oil Company, noting that the fund will be used for development purposes directly." Talk about “financial stability”? WOW! 10-16-2018 Newshound Guru Kaperoni Another article states...Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let's hope. 10-16-2018 Intel Guru RayRen98 Iraqi news reports that PM Madhi will announce his complete cabinet on Thursday or Saturday. Bankers are meeting later today to discuss the release details and expected date of the RV. 10-16-2018 Newshound Guru Breitling If I see there is no path at all. I have no problem of telling you, ‘Hey guys this probably is not going to work out.’ I have absolutely no problem telling you all knock it off and get out. I’m not emotionally, physically, anything,attached to this. I’m speculating and I’m watching the numbers. Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to. And you guys know why… because I’m showing you the numbers. I keep going over it over and over again. Absolute confidence...(Post 1 of 2)...More to follow... 10-16-2018 Newshound Guru Breitling …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed. If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do. That’s what they want. All of a sudden it’s a big deal for Iraq to revalue because they can benefit from it. Why? Because their country is being shut off from the world. That’s a huge plus for us. You should be excited. I’m not kidding, you should be very very excited because it means something. Now what’s the rate and what’s the date it’s going to come out? I haven’t got a clue…(Post 2 of 2).. 10-16-2018 Newshound Guru chattels Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government. 10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.” 2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).
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From late Sunday Night: 10-14-2018 Intel Guru Frank26 ...if we see any more GOI seating, which we feel in our opinion, we’ll see, some AMAZING names, come up very soon. Theres also something else that we should see between now and next Monday. In my opinion, look for Mahdi to meet with the Central Bank of Iraq. 10-14-2018 Newshound Guru Don961 [In this article it states "Abdul Mahdi has 30 days to form his government and is likely to succeed" When did the 30 days start?] Nov. 3 is the end of the mandate to form a cabinet ... it can be satisfied any time before that of course. 10-14-2018 Intel/Newshound Guru sandyf Article quote: "Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime." That was a quote from an article being discussed a few days ago. I said a while back that there were indications from outside dinarland of something positive this year and that is still the case. ...Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public. Early Monday Morning: 10-15-2018 Newshound/Intel Guru Mnt Goat Article: "LATEST CURRENCY CRISIS IS A FABRICATED, A POLITICAL SENSATION AIMED AT HITTING THE NATIONAL CURRENCY AND THE NATIONAL ECONOMY" I would suggest everyone ignore...these articles about the new format of the currency and the signatures issues. The formats are all approved probably months is not years ago. So what is important in this article for us then? They are telling us the timing of the reinstatement is important as it coincides with high oil prices. Did I not tell everyone that this was something we had to look for and dependency on the timing? ...High Oil prices is part of having the “appropriate environment” for the RV. 10-15-2018 Newshound Guru Breitling Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter. That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country. It’s their currency. It’s not a scam. It’s a country’s currency…this is a legitimate opportunity. We are speculating on the time and the rate. It’s nothing but pure speculation… It's the CBI. They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency? That they have no plan at all to add value to their currency? What about the Ministry of Finance? What about the Ministry of Planning? What about Parliament? That kind of narrows it down. You have four solid entities that you can watch…that you can get a bearing. It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal..!
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10-14-2018 Newshound Guru chattels Article quote: "The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24." So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government. 10-14-2018 Newshound Guru Currency365 Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly...#iraq got money like crazy but pretend they poor LOL..! 10-14-2018 Newshound Guru Breitling …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash..! Because it means nothing. Remember, the authority comes from the CBI. If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes? Like a 1000 note or the notes that are already out there that we have? There is nothing wrong with that. They gotta replace the currency sooner or later with new currency. This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq - SUPPOSEDLY..! Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance. So that’s pretty much it. You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it. That’s the CBI. Nothing in these articles say they’re in line with these entities… 10-14-2018 Newshound Guru MilitiaMan Article: "University of Ceyhan to host a symposium on the Iraqi currency next Monday" Quote: "the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers." A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means. An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn't mind the Alak signature on the currency, just get it to, or at least 1:1... LOL..!! Any later reasonable guru posts will be added as a REPLY, so check back after 9 PM EDT. Blessings....RON
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10-13-2018 Intel Guru RayRen98 On the Iraqi TV news, Prime Minister-Designate Madhi was stating that his cabinet will be selected and in place within the next 10 days. Parliament held its meeting today and announced the names of all of the new committees. 10-13-2018 Newshound Guru Phillyman ...I listened to [Guru] Breitlings latest. For what its worth he believes that Iran would support the RV (or whatever you want to label it) due to the major squeeze that the US and sanctions are putting on them. As you know, sanctions really notch up in November. I...found this article which just showed up in Iraq Business News to give me pause. "Iran ready to establish joint bank with Iraq" Quotes: "Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq."; "...the bank would operate under the regulations of central banks of the two countries to facilitate money transfer." [reference Guru Breitling 10-13-2018] 10-13-2018 Newshound Guru Kaperoni Do y'all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki. What I mean by that is all of the complaining that he didn't have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks. I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI's attempt to develop banking and engage it with the world's financial system. Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years. I hope I'm wrong and this is something that blows over in a few days and we can get back to taking steps forward. 10-13-2018 Newshound/Intel Guru Mnt Goat Article: "CBI SAYS... "PROJECT DELETE THE ZEROS OF THE IRAQI CURRENCY STILL STANDS," So the CBI...confirmed...that the plan was derived in 2011 and then postponed the last time in 2014 due to ISIS...The mere fact that: 1. the CBI is now taking action on the issuing of these new formatted smaller category notes; 2. this news in this article; 3. along with the timing of all of these items is telling us that the CBI is going ahead not [now?] with the project to delete the zeros. ...they did in fact shrink the money supply from about 130 trillion dinars to 44 trillion dinars. Now they next move is to convert the 44 trillion to 44 billion by dropping 3 zeros. 44,000,000,000,000 - goes to 44,000,000,000. This is all VERY good news and we should...getting our champaign chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading. 10-13-2018 Newshound Guru Breitling Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago. They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right? That’s what’s happening. This whole thing has to do with what Iran can have access to. They basically look at Iraq as their piggybank. So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’ It’s not just small talk…They are trying to add value to the currency. 10-13-2018 Intel Guru Frank26 He [Guru Walkingstick] said “When the second article comes out, with all the information, it literally tells you, we’re reinstating our currency. Yesss...! They can come out with the rate change at that time.” But he’s telling me “No. This must NOT FAIL with the citizens! This must be perfect with the citizens! They are willing to continue baby-step them, and treat them gently, in introducing what they need to do.” ...We are not waiting for the reinstatement of the Iraqi dinar. We are now WELCOMING IT! 10-13-2018 Newshound Guru G-Lin Maliki has been the biggest resistance to the monetary change since 2010. I think this new parliament may take Iraq in a new direction. JMO. Have a good night everyone...RON
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