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Found 181 results

  1. 12-15-2018 Newshound Guru Phillyman Article: "Hitti: Investors are waiting for the government to stabilize its commitments" has been fascinating for me to follow the news about the fight against ISIS then the start of investment coming into Iraq. Investment conferences have come and gone though without the major reconstruction we would like to see. This article may have the answer why. Quote: "The head of the Iraqi Reconstruction Fund, Mustapha al-Hiti, said Saturday that the countries investing in Iraq are waiting for the stability of the Iraqi government to start implementing its pledges." 12-15-2018 Newshound/Intel Guru Mnt Goat Many are saying the dinar is now international. Is this true? Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED. The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”. 12-15-2018 Newshound Guru Don961 Article: "Kurdistan announces the implementation of Article 140 of the Constitution" Sounds like some people in Kurdistan are spreading news that 140 is implemented... and are trying to erect barriers and borders...but no one told the residents yet...Either shenanigans or it has happened behind the scenes but not announced yet ...either something happened to assure it...or KRG is making assumptions and jumping the gun. 12-15-2018 Newshound Guru Adam Montana [Q? : your opinion...when is the time to give up?] If they were to lop their currency for a net 0 gain, then it's over. The odds of that happening are definitely not high.
  2. 12-14-2018 Newshound/Intel Guru Mnt Goat In Europe we hearing you are already educating the citizens on the new smaller category notes. Is this true? Yes, the CBI has recently launched the issuance of the second edition of banknotes categories (25000, 10000.1000, 500.250) dinars. These versions have high level security features and are more usable. We have not yet issued any other small categories. Is there any plans to take these 25,000 and 10,000 notes out of circulation soon? NO. The current effort now is just to replace the amounts now already in circulation with cleaner, more secure versions. The CBI has already reduced the amount of these denominations as needed for currency reform. (I was also told that these notes would remain in circulation for at least 10 more years in the future and the plan is to use them mostly for inter-banking transactions for trading partners and not common street use.) [stay tuned for more questions and answers ...with my CBI representative] 12-14-2018 Newshound Guru chattels [...its almost a new yr. lets see what that brings us...] Always more optimistic in the first quarter of the new year. 12-14-2018 Intel Guru RayRen98 Iraqi TV was reporting that the 2019 Budget would contain stipends of 100,000 dinar to non-employee citizens.[so, should citizens be excited about a $100 stipend or is a RV in the works? Would $100 a month excite you?] ...Reportedly, a "political" breakthrough has occurred with all cabinet members supposedly being voted and passed at the next Parliament meeting ...Maybe it already did! 12-14-2018 Intel Guru Bruce As far as Iraq is concern, they have completed everything that they needed to do. ...from the banking perspective... things are extremely quiet right now, more so than they have been. ...It doesn’t get that quiet unless there is a reason for it. What we have heard was that banks have been receiving notifications. ...I do not have what was in that of course. I find the timing of it was interesting... ...we found out...the rates on the bank screens were sort of on for 45 minutes than off for 45 minutes, then on for 45 minutes then off... we would say those rates need to stabilize and they need to stay permanent... My understanding is the rates are in Canada will be the same as they will be here. ...We have heard any moment for a few days now...we are so far along in this process...there is a timing to it and we believe that timing is very close for us. 12-14-2018 Newshound Guru Adam Montana I'm not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq... ************************************* 12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO...The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close... (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) [stay tuned for more questions and answers] ... Reposted..! 12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018] ... Reposted..!
  3. Dont know why the lines are thru the text...!! 12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now...(post 1 of 2).... 12-12-2018 Newshound Guru MilitiaMan Trade Exchange can be product to product or on Stock Exchange... We know they didn't start work yesterday, the process has been underway for years... Timing is looking so very good imo...Citi Bank is the facilitator and they are no small entity. Capable of moving large amounts of goods, products and services. ..imo...Also, working with the Arab Union of Banks is regional. They talk about them back then and again now... WE have learned the basket may be in the AMF / AAD... IF that is the way it rolls out... I like it... imo...(post 2 of 2)... 12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern. 12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL! 12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. ..(post 1 of 2)... 12-12-2018 Intel Guru Bruce guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. ..(post 2 of 2).. 12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it. 12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.
  4. 12-11-2018 Intel Guru Delta ...they might give us a sucker bid, like we said a long time ago...come out at $1.20, then of course after 6 months, whatever the date is, then throw the exact number there like $2.85, $3.00, whatever it is. But based on... details right now from the CBI website, I mean the rate really has to be high in order for them to do that. And make it more attractive. Remember, the citizens, they want more attractive, especially investors. They need the real numbers to come out like that. And based on...information from the BIS, a month or two months ago, when I-Team reported that $2.85 was showing, so it could be a higher rate, but according to my calculations...they should really be in the $2.85 to $3.00 range in order for them to cover all this money. 12-11-2018 Guest Guru Doc.K Article "Washington announces buying 17% of Iraqi oil exports" [Is this 17% significant?] Yes I believe so... When I read that...I assumed...that the 17% (that the USA is buying) of Iraq's oil export most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them? 12-11-2018 Newshound/Intel Guru Mnt Goat Rumor...: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already...It is that simple...if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now...The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD. 12-11-2018 Newshound Guru ChrisC I hope all of y'all are nestled all snug in your beds, While visions of sugar-plums dance in your heads, and after we've dreamed I hope we all see what's been taking so long...our precious RV. So, let's trust in Trump and know he's planned right and a Merry Future to all and to all a good night. 12-11-2018 Intel Guru Delta [via Clare] the lifting of the 3 zeros, looks on target for the end of the year! 12-11-2018 Intel Guru Frank26 [via Clare] A Change is Coming!!! There is a legitimate reason to invest in Iraq now...because they meet International standards! 12-11-2018 Newshound Guru Bloodloch ...the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I've yet to see any actual artwork for the same. That doesn't mean they don't have them hidden away somewhere. Just that I haven't seen them.
  5. 12-10-2018 Newshound/Intel Guru Mnt Goat The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them...(post 1 of 2)... 12-10-2018 Newshound/Intel Guru Mnt Goat But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”...(post 2 of 2)... 12-10-2018 Intel Guru RayRen98 [via sunny] I'm feeling really good about the 100% this week but it might move slower than some of you expect. Reports from some members last night of group activity and receiving communications to come in on Friday to make their exchanges. The process may become more evident this week that it's done, it's finished! ...Anything else pops up we'll be too glad to keep you updated. At best this is an exciting week. We are looking for something to happen. Keep believing. We sure do. 12-10-2018 Intel Guru Frank26 Due to the fact that they are showing these “slots,” you know these digital “slots numbers” available, it means that they have calculated international numbers. Now, the rate has to do the same thing by announcing that they did this with the CBI’s REER numbers. The Real numbers. ...I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month? My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43 Trillion. 12-10-2018 Intel Guru Delta looks like the Central Bank of Iraq, they got 100% linked to International Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is set up from the Central Bank of Iraq and the Iraqi Market is effecting that. Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers. So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information. 12-10-2018 Newshound/Intel Guru RVAlready Once the LDs were printed, the last physical impediment to the RV was removed. Assuming that the US treasury, Trump, and the IMF are ready, the CBI can now release at a moment's notice. Thus, there is finally some possibility that this might be done by the end of the week. Before now, every time someone said "by Monday, or by Friday" it was almost impossible, because the LDs had not even been printed. ...they were recently printed. It has been announced...a few weeks back...Allaq was showing them off.
  6. 12-8-2018 Intel Guru ADMINBILL MANY TEXTS RECEIVED YESTERDAY REPORTING HAPPY DAYS ARE CLOSE AT HAND... 12-8-2018 Newshound Guru Breitling Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia. 12-8-2018 Newshound/Intel Guru Mnt Goat Article: "THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS" so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections. 2-8-2018 Newshound Guru Breitling …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar... 12-8-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament expected to vote tomorrow on remaining unfilled cabinet positions. 12-8-2018 Intel Gurus Delta and Frank26 They changed how they are putting their mathematical rate on their site. This is exciting...they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated...It looks like the CBI now is ready to release the new rate and it could happen at any moment now... .......
  7. 12-7-2018 Intel Guru Delta "Iraq new 500-dinar note (B359a) confirmed" "Iraq new 250-dinar note (B358a) confirmed" THE 1000 NOTE WAS OUT LAST MONTH....BUT 250 500 JUST COMING OUT NOW FOR A REASON!!! 12-7-2018 Newshound/Intel Guru Mnt Goat So Thursday came and went and still no vote on the remaining two last ministers...the minister of interior and defense... But negotiations are now underway. ...President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself. 12-7-2018 Intel Guru Bruce ...We know we can celebrate on the one hand because Iraq finally did what it is they were supposed to do putting everything in the Gazette...Wednesday as indicated. We had confirmations that happened. We do have confirmation of a for the Iraqi dinar at $6.78. It does not mean that is the final rate, but it is the rate that was available today. It can be traded up and it can be traded down. It is just an indicator for you. ...I know Iraq is done. Iraq has done what they said they would do. ...I think we are in the position we can say virtually anytime. ...I am not going to call it. I am just going to tell you I think we are really looking good the next couple of days. 12-7-2018 Intel Gurus Frank26 and Delta [Guru] Walkingstick told us the fractional banking - the fractional rate calculations - all the math! It’s long been done. Then all the sudden, you find slots opening up for digits, in the fractional you have a decimal point... this is the first time the Central Bank of Iraq is reporting the 3- digits AFTER the decimal point with the US dollar. ...we know that they are about to go international, so they need those digits...when you go international you have to have that fractional number...Because if you have like one-tenth of a penny internationally, that can make a lot of difference on banking, the fractionals, and how they make their money...(post 1 of 2).... 12-7-2018 Intel Gurus Frank26 and Delta ...another huge thing...I do think, they are de-pegging from the dollar. The Iraqi Dinar was pegged to the US Dollar, ONLY, for the last 13-14 years. ...we talked about this a long time ago, when we see that they have 3 digits next to the decimal point, then we know that they are de-pegging from the US dollar. ...I know they are going to peg to the basket of currency. ...But for them to do that now...would give you an indication that they are really REALLY very close to show us the rate...Reinstate their currency...(post 2 of 2)...
  8. 12-6-2018 Newshound/Intel Guru RVAlready I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken… 12-6-2018 Newshound Guru MilitiaMan Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway... 12-6-2018 Intel Guru RayRen98 Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning.... It’s a good day to review your action plan. 12-6-2018 Newshound Guru Breitling Article: “Iraq denies report on Trump requesting oil for return for Baghdad war” …I’ll tell you what’s going on. This is not something you’ll read in the articles. We are trying to do deals with oil markets with Iraq but it’s completely separate from what this is talking about…we know what Iraq needs to survive and we’re offering them a way out so that they’re in our camp. 12-6-2018 Newshound Guru Adam Montana Holding pattern on HCL. This is going to break soon. I'm watching it like a hawk and can't WAIT for this to turn! It is going to be in our favor. I'm betting big on this.
  9. 12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. ..(post 1 of 2....stay tuned - more coming)... 12-5-2018 Newshound/Intel Guru Mnt Goat I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it. But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe. 12-5-2018 Newshound Guru Kaperoni The launch of "golden opportunity" summit with 50 international companies has begun in Iraq. 12-5-2018 Newshound/Intel Guru Mnt Goat Article: "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION" Quote: "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..." Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments. 12-5-2018 Intel Guru Footforward To be clear, it's my opinion the rate will be well above 86 cents... 12-5-2018 Intel Guru Bruce We are getting down to the very end. ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up. It has been traded up ever since and it continues to go there. Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction. I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar. It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close. You can forget all that .47 cents for the dong...because it is going to be much higher than that...(post 1 of 2)... 12-5-2018 Intel Guru Bruce Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called. It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go. That would put us somewhere between now and tomorrow morning [Wednesday]. I am just going to say this is not definitive exactly what the timing is. However, it is a good indicator things are moving right along. We know Iraq is supposed to put everything tomorrow into the Gazette. I believe it will include a rate. ...Then I think we are very close....(post 2 of 2)...
  10. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament to meet today but not expected to vote on unfilled cabinet positions. ***************************************** 12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory...(post 1 of 2)...REPOSTED)... 12-5-2018 Newshound Guru MilitiaMan ...They go on to say the start of activation and implementation of the 2019 plans are under way. WS [Guru Walkingstick] showed us the 12/02/2018 4:00 Am Baghdad time was a point of interest for the trading of the Iraqi Dinar Globally / Worldwide. The coming out party with possible polymer new notes for small categories may be upon us oh so very soon! We shall see.. imo...! ..(post 2 of 2)... NEW
  11. 12-4-2018 Newshound Guru Kaperoni ...the 2% rule has nothing to do with the choice of float...the 2% rule has to do with stability within Iraq and keeping the dinar exchange rate consistant within the country...the 2% rule is meant to eliminate MCPs within the country...not related at all to the nominal exchange rate of the currency...unfortuately many people do not understand the terminology used by the IMF and others related to monetary example is MCPs or Multiple Currency Practice...MCP does not mean two currencies or dinar and dollar as some like to say. It means the price of an Item in one part of the country vs the price of the same item in another part. 12-4-2018 Guest Guru Doc.K [Guru ChrisC...Why does everyone think decimal places equals fils? Using fils at this rate would be ludicrous. If we don't see that decimal point move to the left, I don't get what we are dancing about.] In order to have parity or an exchange rate with a major currency, they need to change to the same 2 place decimal system to convert. i.e. The USD does not have $1.259 it is only $1.25 or $1.26. This forces them to use a fraction of a dinar ( a fil = the metals) in the market place and INTERNATIONALLY. They are not dealing with WHOLE #s anymore as in $1 usd = 1200 dinars. 12-4-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament delays vote on unfilled cabinet positions. Iraqi Parliament meeting to approve unfilled cabinet positions ends in chaos & shouting among political blocs. 12-4-2018 Newshound Guru Kaperoni [And The reason why the IMF is still preventing Iraq to become ARTICLE VIII?] They are in compliance now but have not had their 2018 Article IV Consultation yet because the government has not been officially formed. Though not a requirement, I do expect this consultation to occur before any move to Article VIII. 12-4-2018 Newshound Guru Kirk H. Sowell So they managed quorum after all, with 168 MPs, parliament is meeting. But quorum is 165 so that's a very narrow margin of error if they try to hold a vote, just four could walk out and break quorum. 12-4-2018 Intel/Newshound Guru sandyf ...Although what Kap [Guru Kaperoni] says is perfectly valid I would not agree. Floating the currency would not be a normal course of action for an emerging economy. Egypt was pushed into a float and look what happened...I doubt if that is what people want to see. It is not only emerging economies at risk, the Russian Rouble became fully convertible in 2006 but avoided the risk of floating until 2014, again a significant drop in currency value. ...I for one would hope that Iraq does not face similar problems. 12-4-2018 Newshound/Intel Guru RVAlready I think it is a good week for Allaq to push the button. They really need the RV to move forward…So much of what they want to do needs money. The RV will supply that. 12-4-2018 Newshound Guru Kirk H. Sowell So today may be a big day in #Iraq politics, with parliament scheduled to meet...with completing the cabinet of PM Adil Abd al-Mahdi on the agenda. Or maybe it will wimper & fail to make quorum, or just skip the cabinet votes & be nothing...
  12. 12-3-2018 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE OF THE IRAQI DINAR" So here we go...This article is more explanation of the process to delete the zeros. This is part of the re-education process that had to take place prior to the EARLY 2019 reinstatement occurring. So here we have yet more evidence the CBI is finally doing this education campaign. 12-3-2018 Newshound Guru ChrisC "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" US Dollar 1 USD = 1,191.0000 Iraqi Dinar 1 Iraqi Dinar = 0.0008 USD I have been watching this and not saying anything for several days, but why is everyone so worked up over decimal points? If we are going to the left, the 190 will occupy the three decimal places for the fils. Not sure what seeing three zeros the other way does for us. Actually makes me a touch nervous. 12-3-2018 Newshound Guru Kaperoni Iraq is not in IMF Article VIII as of yet. Believe me when i say this...when Iraq changes the exchange rate regime and moves to Article VIII you will hear it from me first. 12-3-2018 Newshound Guru MilitiaMan Quote: "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" December 2, 2018 1:21 am" (EST), was the time that this was brought to us. imo. All those countries moved money into the IQD...? They have to have had good reason and will, to take such risk. Or was there risk? Not likely if the amount of money was in trillions. Tying up 100s of billions let alone potentially trillions, is not going to be taking lightly by those doing so. Thus, even if in 100s of billions, that money is not going to be there long without a darn good reason...Large reasons!! lol. There comes a time when a deal(s) has/have to be disclosed. 4:00 am 12/2/2018? Was that the shot heard around the world today? We shall see if the old 72 hr is real effective, exchangeable at an international rate or not. imo.
  13. 12-2-2018 Newshound/Intel Guru Mnt Goat ...Iraq cannot RV the currency. The CBI must first reinstate the currency back on the exchanges. Any significant change in value (RV) will come from a managed float afterwards. So the reinstatement must take place first...this new development of not using the US dollar for trade with Iran may be our saving grace and force the CBI to do something soon... 12-2-2018 Newshound/Intel Guru David M. Witty In Iraq, PM Abdel-Mahdi looking at names of 28 candidates for Defense Minister, among them former Speaker of Parliament Jabouri. 12-2-2018 Newshound Guru Kaperoni Investors will do business with Iraq no matter what the exchange rate is as long as the CBI is an Article VIII. The key is that firms that invest in Iraq are able to get their profits out.
  14. 12-2-2018 Newshound/Intel Guru Mnt Goat Is the dinar really already 120 : 1 in Iraq? ...this may have been just a wild and wide swing in the marketplace in very isolated towns due to the sudden shift from the currency auctions when the decision came out to use dinar in place of the US dollar for trade with Iran. ...So then the dinar rate could rise against the US dollar and swing very suddenly. It may have done this last week...(post 1 of 2).. 12-2-2018 Newshound/Intel Guru Mnt Goat The CBI MUST change its program rate to legitimize this rate change after so many days, according to meeting Article 8 requirements. ...If it does not it will not be within the 2% mandatory compliance as set under Article 8. ...The question is for how long can the CBI hold off until they must change the program rate to stay within compliance to Article 8? So far it has been a week already and they have not done so. ...We have also heard rumors that the 120 :1 is now showing up on the is NOT TRUE! ...We could be in for a nice Christmas if all goes well...I do know there is a target for LATE Dec to EARLY Jan....(post 2 of 2)... 12-2-2018 Intel Guru Frank26 HEADINGS Exchange Iraqi dinar globally 4:00 AM Baghdad time Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time foreign currency / US Dollar 1 USD = 1,191.0000 Iraqi Dinar 1 Iraqi Dinar = 0.0008 USD ...WHAT WAS ONCE BEING TESTED...LAST YEAR WITH WS'S [Gruu Walkingstick] FIRM AND BANKS...IS NO LONGER ...INSTEAD NOW BEING IMPLEMENTED PERMANENTLY..! 12-2-2018 Newshound Guru Kaperoni [Isn’t article 8 the reinstatement of their currency on to international trading platforms?] No. It is a standard of banking practice. The dinar is international now, just most if not all banks choose not to trade or do business with until that standard is met.
  15. 12-1-2018 Newshound/Intel Guru Mnt Goat [Q? : ...Have you had any direct contact with you CBI source to confirm that they are on track for late Dec or early 2019? The news you present is extremely exciting and is falling into place just like you predicted.] yes, and yes... However they must get this govt formed and they must keep Iranian influence out of it. This is now what the CBI is waiting for. So if this all lines up in late Dec, EARLY Jan I am hearing they will do it. 12-1-2018 Intel Guru Footforward [Q? : ...Do think the dinar will revalue or am I living a fantasy? Should I get rid of it?] I can't tell you what to do. But I'm not getting rid of mine and I'm buying more. I believe this will happen. 12-1-2018 Newshound Guru Kaperoni The best we can hope for is the CBI moves to Article VIII under the IMF. Then float the currency as investors begin to rebuild Iraq. Only then as investors/investment comes into Iraq can the dinar begin to appreciate gradually. This is a process not a overnight event...! 12-1-2018 Newshound/Intel Guru Mnt Goat So I already proved to everyone why the end of the year (late Dec or EARLY Jan) is the BEST and MOST OPPORTUNE time period for Iraq to drop the zeros and then reinstate the currency. 1) Jan 1st is the beginning of the financial fiscal year within Iraq... 2) In ALL, and I mean ALL, of the previous, legitimate periods to reinstate the currency, they CBI always planned within LATE December to EARLY January to do it. This is well documented and FACTUAL periods...(post 1 of 2)... 12-1-2018 Newshound/Intel Guru Mnt Goat 3) Just prior to the event they begin the slow education to the citizens and we are now witnessing this event once again. We are getting very close... I do not believe the CBI will just launch all the newer smaller category notes all at once. But rather they will slowly phase in the newer notes (5, 10,25,50,100) and fils (coins) as the economy dictates... Yes, I can now truly say we are now entering this window of opportunity but we must be patient and just wait for FACTUAL news to come out...(post 2 of 2)... 12-1-2018 Intel Guru RayRen98 Rates are "at it" again. [Ray told us that rates were fluctuating yesterday; therefore, they must be fluctuating again today.] ...I still think this guy is nothing but an opportunist who is desperate to draw attention to himself...! Have a good night & weekend.RON
  16. 11-30-2018 Newshound/Intel Guru Mnt Goat I...cringe when I hear someone tell you that these damned VISA and MASTERCARDS So the Iraq citizens need a credit/debit cards to conduct business when shopping...some sort of credit/debit card to coincide with the electronic banking. ...This does not mean they can now take these cards and also use them abroad in their POS systems...these Iraqi cards are ...At least not yet. But they do have this capability for the future. ...any new Iraqi credit or debit cards from VISA or MASTERCRAD is a move in the right direction and is everything we should be looking for now. 11-30-2018 Newshound Guru MilitiaMan Quote: "In Baghdad and in cities across Iraq, blocked off roads are being reopened, checkpoints removed and blast-walls dismantled, as Iraqis begin to build a peaceful, secure and prosperous future." They are showing the world they are on the offensive and the capital will be a place they will be able to freely move about equally.. Security and Stability... A very vital issue and barrier done for the people... All very good and the timing is perfect! IMO. 11-30-2018 Intel Guru Bruce [via PinkRoses]... we told you we were looking for everything to go into the Gazette on Wednesday from Iraq, and it did. Everything was put in there. We got confirmation on that...the G20...starts Saturday in Buenos Aires, Argentina...It is a (2) day meeting. ...the Prime Minister Xi in China, he wants this blessing as we tend to call it, the GCR, let’s call it the RV for our purposes, he wants this done well ahead of the G20 meeting on Saturday... It could be hours, a day. What we are saying is this is so close. ...I really think we are down to the point where we are up against the wall, and there is absolute desire to get this done now...Do not be surprised if something does happen by Saturday, before Saturday, on Saturday...because Saturday is December 1st, and we believe they want this done prior to that. Let’s see what happens. 11-30-2018 Intel Guru RayRen98 Rates were fluctuating today...was informed that they were testing the system. Hmmmmm? Time Will Tell All! A GOOD SOURCE SAYS, "INVITATIONAL EXCHANGES" ARE STARTING TO TAKE PLACE...TIME WILL TELL.
  17. 11-29-2018 Newshound Guru MilitiaMan Article: "260+ attend IBBC Iraq Reconstruction Conference" Quote: "IBBC welcomed 260+ delegates to Dubai to discuss ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ with expert Industry, Government and International Organisations on 25th November" ...This is all about past tense as it is over now, as it is what was talked about, what was accomplished and with HUGE names involved.. This just shows go time is upon us. imo. 11-29-2018 Newshound Guru Mnt Goat Is the Iraqi currency International? ...let me debunk this rumor once again about any VISA or MASTERCARD going international and issued from an Iraqi bank. First, I will once again define what it means for a currency to be international: 1) for the IMF must recognize the currency under Article 8 of the UN member charter; 2) the currency MUST be tradable throughout the world not just in one area of the globe; 3)the currency, because it is recognized and traded around the globe, it is listed on the currency exchanges, where it is freely traded. Does it meet all of these conditions? Of course not...So these Iraqi cards are NOT yet really international yet. At least not yet. But they do have this capability for the future. 11-29-2018 Newshound Guru Kaperoni ‏ [...they have already reduced the money supply.] ...Wrong! This has not happened. If it did the auctions would be out of balance. As said last week from the CBI over 40 trillion is outside of the banks. Only when the dinar begins to rise gradually can the money supply be reduced...
  18. 11-29-2018 Intel Guru Footforward [Q? : ...Is the RV EVER going to happen...?] Yes, the RV is going to happen. When-who knows..! Watch Iran. Iran is tied to a lot more then people think. 11-29-2018 Newshound Guru MilitiaMan Article: "The future of the Iraqi currency!" Quote: "It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 1000." What a GEM this is...All those relationships about the FILS make me smile! Stock Exchange = Fils, Receipt with Fils, CBI = Fils and now this..! No denial..! 11-29-2018 Newshound/Intel Guru Mnt Goat The news media is really playing up the water damage the lot of those dinars from the incident at the Rafidian bank in 2013. Now they want to extend this out to all the dinars stolen by the Nori al-Maliki administration and blame it on a coordinated criminal activity between the CBI governor and Maliki. There is one flaw with these articles. Ali Mohsen Al-Allaq did not take over the CBI until sometime in 2014. ...So why are they blaming Allaq for any corruption in 2013 or before? I happen to personally know a few people who can attest to Ali Mohsen Al-Allaq’s integrity and ...He is one of the most honest men I know and is a perfect fit for the position he is in at the CBI, with some help from Dr Shabibi to mentor him...He is an obstacle to the corruption and like Shababi they want to bring him down. ...(post 1 of 2).... 11-29-2018 Newshound/Intel Guru Mnt Goat So I would not use this “alleged” past corruption at the CBI for any reason to hold up the reinstatement now. This is moving forward. From all my findings the hold up, if any, would be procedure and executing the mechanisms needed to bring this about. If I were you, I would watch for late December or early January for a reinstatement to occur. Again we are fast approaching that window. Remember in ALL the past recorded, legitimate, possible times to complete the project to delete the zeros and then lead to a reinstatement, it was for the late December and early January time-frames... The Iraqi fiscal financial year begins Jan 1st...(post 2 of 2)... If you recall, it was thought by many observers that they would try to confuse what was going on in order to distract everyone from the real possibility of any value increase in the IQD. This could possibly be the case with what Mtn Goat has posted above. Food for thought...RON
  19. 11-28-2018 Newshound Guru Kaperoni [Q? : Do you still think the start of the float of the dinar will happen this year?] Im hoping...but I am waiting for some things to happen first..completion of new GOI, IMF consultation. 11-28-2018 Intel Guru ADMINBill This could be a very interesting week..!!! 11-28-2018 Newshound/Intel Guru Mnt Goat I do know for a FACT that they already recalled and burned over 2/3 of the three zero notes. How do I know this is FACT? BECAUSE THEY TOLD THE PUBLIC OF IRAQ IN THE NEWS MEDIA this is why. The move to electronic banking did allow for the conversion of paper to electronic digital. So they could just then burn the paper. ...So reduce the notes in circulation means to take them out the hands of the general public and the banks. ...The remaining 1/3 will be used for trade and inter-banking transactions. They have told us this many times. Oh- but now they have a dilemma. Seems they told us they decided to trade exclusively with dinar with Iran due to the recent sanctions. So do they have enough dinar in circulation to do this? ...Seems to me they do not want to begin reprinting yet more larger 3 zero notes to fill this monetary gap with Iran. So what do they do? ...(post 1 of 2)... 11-28-2018 Newshound/Intel Guru Mnt Goat Do they then begin to use the newer even lower denominated small category notes and finally trigger this deletion the zeros project? This will mean a 1:1 within Iraq and a reinstatement of the dinar. But do they have the support of the IMF and the USA to reinstate the dinar and do it now? Remember these small category notes are already printed in volume and stored as needed to support the economy of Iraq and for trade. So this piece is already in place and there will be no additional expense to the CBI. ...So here we sit waiting and watching to see what the CBI will do...(post 2 of 2)... 11-28-2018 Newshound Guru Kaperoni Iraq will float the dinar allowing market forces to dictate. As investment comes into Iraq, the exchange rate will rise. Balassa-Samuelson effect! I think most of us would be happy if the dinar ever equaled the dollar. It may, but not overnight. I want to remind people that the new Iraqi government with PM Mahdi is not official yet. Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in. I do not expect any significant reforms to move forward until the government is official. I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is these reviews usually require gov commitments. 11-28-2018 Intel Guru Bruce We just got word today that tomorrow [Wednesday] morning, Iraq is going to put everything in the Gazette which we have been looking for awhile. ...I would also expect tomorrow Iraq to be saying “We are ready to do business with the world”. We are looking tomorrow for some form of rate to come out because they are ready to do business on their ISX and ESX platforms...We believe...the in-country rate on Iraq dinar will be a really good rate and we should feel comfortable going in to the exchanges for dinar... I think that we are at the point now everything is set and ready to go. I am very positive more than I have ever been...that we are right where we need to be for this to release. Let’s hope that is the case. 11-28-2018 Intel Guru Frank26 [Q? : In your opinion, why are they adding these 3 digits to the dinar value?] BECAUSE...THE MATHEMATICAL CALCULATIONS FOR THIS FRACTIONAL BANKING/ FRACTIONAL RATE PART...IS WAY DONE AND AGREED UPON...IMO... 11-28-2018 Newshound Guru MilitiaMan ...The CBI changing their site to the fractional system they are showing us now ( within 2 weeks) suggests they are or just about are ready to go with the conversion. ...Today they talked about Iraq taking her place at that top of the region where she was in the Glory days, imo... Yep, they have massive oil reserves and now they say they may very well be the number 1 in the world. So, while we wait for the cat and camel show seating the legitimate Cabinet we can sleep knowing the process is underway and coming to a rate NEER you..!!. ........
  20. 11-27-2018 Intel Guru Delta ...REPORT FROM CBI ...BUY SELL IQD IN IRAQI MARKET....PATTERN CHANGED... 08-Nov 1204- 1200...LAST WEEK; 27-Nov 1194.446- 1193.953 ...THIS WEEK CBI IS SHOWING 3#S ... IMO...GETTING READY TO GO INTERNATIONAL ... 11-27-2018 Newshound/Intel Guru RVAlready ...allaq says he is ready to go, and the math has been done a million times over...they could do the RV now, and deal with the rest later…they have had years to get ready... i know it is a new parliament, but they should have arrived ready to do the job at hand…there was an article saying that mahdi was rejecting parliament's attempt to delay...he was going there today.
  21. 11-27-2018 *** IRAQI Dinar News Update *** After a fourteen day delay, the CBI reported the market rate for the Iraqi Dinar from November 14th to the 27th...something is different. Starting on the 14th they began reporting the Dollar Exchange Rate / in IRAQ Markets. Previously the market rate was reported in the Baghdad Markets. You'll also notice the Official Market Rate listed in the left column of this page now contains 3 decimal places...the previously reported rate did not contain decimal places. Today's 1194.446 reported market rate is the strongest the market rate has been in nearly 2 years. ...the latest posted guru opinions continue below... 11-27-2018 Newshound Guru MilitiaMan I am of the view...that they are done with the cabinet, Barzani needed to be a part of the Interior and Defense pick... Clearly they had an agenda to hammer things out. Therefore, my view is that they did what they needed during Barzanis' visit to Baghdad (that btw went very well) prior to him going to Saudi Arabia and United Arab Emirates...In my view that the session for today or tomorrow was not an ordinary session. It was more like and extraordinary one, as Mahdi had a 24 hour window that was up Saturday, that got postponed and possibly due to the hammering out of the HCL. We know the oil has been increased and there are clearly agreements that happened to get that increase of recent...we literally watch to see if our view is correct or not. 11-27-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament says there will be no vote today on unfilled cabinet positions due to political differences. Vote delayed until next week. Security agencies resist opening Green Zone due to possibility of terrorist attack. New government seen as weak. 11-27-2018 Newshound/Intel Guru Mnt Goat ...I have said over and over again there are multiple steps to this process. The first step deletes the zeros and the second in the reinstatement which should significantly increase the value, the value we all want. At the current 1120 program rate they are worth about $20.75. At a futuristic reinstatement market rate in the USA @ $3.71, 25,000 x $3.71 = $92,750 USD. But this is the second step. Let’s not get ahead of ourselves. You may never even see the first step. Get it. So who the hell cares what happens inside Iraq? What you should be most concerned about is when do you get to go to the bank and if the bank will exchange the dinar for you. ...these notes will not expire (as in a lop) and will carry the new reinstatement rate of whatever it comes out to be on FOREX. Later guru opinions will either be posted below as a reply, or in a new Midnight Post..! Be Blessed everyone as the saga continues.
  22. 11-26-2018 Newshound Guru MilitiaMan Article: "Halabousi discussed with the delegation of Baghdad Chamber of Commerce activation of the investment law and the establishment of an economic village" ...Well, we know every 3 letter agency of the world body were in Iraq last month, we have regional entities with the likes of the Secretary General of the Unity Council and components of th Arab league in Cairo about mining interests over the last few days. The above is about accelerating help facilitate investors needs... 11-26-2018 Newshound/Intel Guru Mnt Goat The CBI has said many times they “fully” intend to keep the citizens informed of the status of the project to delete the zeros. They are doing just that. They seem to give period updates on the project. Just recently we received their latest update which said they are ready to do it and there is nothing more for the CBI to do. They are waiting on the GOI... 11-26-2018 Intel Guru RayRen98 Sunday Morning...Iraq announced that 360 billion Dinar was stolen from the CBI during Maliki's administration. Easier procedures for an international Visa was shared. Monday's Parliament session should have the votes for the final cabinet members. 11-26-2018 Intel/Newshound Guru sandyf ...Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country. It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination... 11-26-2018 Newshound/Intel Guru David M. Witty Sources say Iraqi Parliament meeting to select names for unfilled minister positions delayed because of lack of agreement on nominees. ANY LATER OPINION POSTS WILL BE ADDED BELOW AS A REPLY...!
  23. 11-25-2018 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks holds the course of Islamic Specialist in Governance and Compliance" There is a Customs and Tariffs Deadline by 11/30/2018 between Baghdad and Erbil to be imposed. Barzani has melted the Ice on the tension now. Oil is flowing through Ceyan at a double clip.. So seeing this compliance and risk certification for to satisfy Islamic Investors is finality for being ready to roll when the shift occurs in the internationally accepted IQD and investment related issues. imo. 11-25-2018 Intel Guru RayRen98 At Saturday's Parliament meeting, all cabinet-select names were submitted for consideration, including defense and interior ministers. The US has allowed Iraq some "energy only" exemptions regarding the sanctions imposed against Iran. Tougher US sanctions against Iran are being discussed. Parliament announced they will complete cabinet selections on Monday, no report was given on what they accomplished today. In order to be in compliance with the US sanctions against Iran, trading will be done with Dinars only. One US bank source is anticipating exchange activity on Monday (as they have before, so remain calm and cautious). Time Will Tell! 11-25-2018 Newshound Guru MilitiaMan "Parliament raises its meeting to next Monday and allocated for the completion of the ministerial cab" I think they may have seated the Cabinet and will finish up other Items Monday....We shall see...imo. 11-25-2018 Newshound Guru Adam Montana [Q? : Has there been any progress or any news at all on the HCL lately that you can confirm?] Yes, there has been steady progress regarding everything related to HCL. We couldn't have a complete HCL before the pieces were in place, the GOI ready, etc. Nobody will deny that Iraq has moved in the right direction.
  24. 11-24-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ- THE VALUE OF THE IRAQI DINAR INCREASED BY 9%" So for Iraq to compete with foreign products it must float the value of the dinar. This article demonstrates why. We know that they will NOT float the program rate as it is fixed and pegged to the US dollar. So something has to change and change VERY soon since Iraq just announced it is going to trade with Iran using solely dinars. Iran of course does not want dinars, as they feel they are not liquid enough and do not have the global purchasing power. 11-24-2018 Newshound/Intel Guru David M. Witty In Iraq, Baghdad's Green Zone to be open to civilian traffic starting tomorrow. First time Green Zone will have been opened since 2003. 11-24-2018 Newshound MilitiaMan [Q? Do you think Iraq has to wait for the other countries that will be in the basket to RI or RV?] No. I do not. 11-24-2018 Newshound Guru Adam Montana Article: "Texas is about to create OPEC's worst nightmare" [Q? How do you think this may affect the RV?] The article seems to indicate that the US is ramping up oil production, which will lower prices globally. Iraq may need to adjust their Budget, and maybe the potential RV amount will be reflected in that. Let's say they were to RV at $1, but oil is 30% lower than the former anticipated price, then the RV could come in at .70 as well. As far as timing of the RV, I see no concerns. 11-24-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next Parliament meeting on Monday will vote on unfilled cabinet positions. 11-24-2018 Newshound Guru chattels The dinar has the potential for a favorable return on investment. The question is when and or how much.
  25. 11-23-2018 Newshound Guru Bloodloch I believe Delta has this exactly right. Quote: "They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply." It takes about two months for Iraq to cycle through the face value of its outstanding currency supply. Akin to inventory turnover, the velocity of money is a nations' gross domestic product divided by its outstanding currency supply. In the case of Iraq, for 2017 that's roughly 234 Trillion divided by about 44 Trillion or 5.3 times per year, or about once every 2 months or so. 11-23-2018 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. So we are moving forward to late 2018 to early 2019 timeframe for a reinstatement. Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good. 11-23-2018 Intel Guru Footforward It will not be a one to one exchange for us in my opinion. I have very good reason for that opinion. It's my opinion that it will be higher then that. 11-23-2018 Intel Guru Delta [via MilitiaMan] Article: "Al-Rafidain releases the salaries of local employees through MasterCard" Basically this project is very, very important because the people’s notes – there’s about 6 billion of them worth about 44 Trillion. So what they’re trying to do here is to basically reconstruct the currency. How is Iraq going to do it without them basically lopping the currency. They need to basically increase the value which is to lift the 000’s #1, and ...when they start doing that they’re going to adjust salaries. Now, here’s the catch here… (post 1 of 2....stay tuned)........ 11-23-2018 Intel Guru Delta ...if you have a million dinar, and you go to the bank they’re not going to give you a 1,000 dinar because that’s a Lop. They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply. The only way you can do that is to raise the value starting with their employees because remember they’ll have to go back to 40-50% of the salaries to the government employees and any other employees and then Remember, you’re going to give them a million dinar and get a 1,000 dinar and that’s going to be worth the OLD million dinar which is worth $840 USD. And this is what they basically are trying to do...(post 2 of 2)...
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