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Found 241 results

  1. 3-21-2019 Newshound Guru Breitling Question: What do the Iraqi’s need to finish for it to revalue? As far as legislation and policy absolutely nothing… I still don’t understand why they haven’t revalued or simply haven’t started adding value to it. I don’t understand that…the real price of the Iraqi dinar comes from the CBI. That’s all you need to know. 3-21-2019 Newshound Guru MilitiaMan Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quote: "the change will raise the exchange rate of the Iraqi dinar against foreign currencies" The wording "the change will" means it is going to happen! They are moving on it now, imo, effectively. ... EXCITING TIMES FOLKS... 3-21-2019 Intel Guru Frank26 & Walkingstick [via Sunkissed] Remember the contracts that were presented to us on December 28, 2018... Those were 30, 45, 60, and 90 day contracts. They paid for the 30-day contracts. The more recent contracts on the 30 and 60 days have just been cancelled. They were just cancelled this week to be rewritten. They complied with some of the contracts. But they cancelled the big ones, the latest ones, but they were rewritten in the same manner. Will be paid at 1:1. When they cancelled and rewrote them, they kicked the can down the road. They rewrote them better. ...They were written in the same manner as the ones on December 28, to be paid in USDs, or the equivalent IQDs with the exchange rate...(post 1 of 3)... 3-21-2019 Intel Guru Frank26 & Walkingstick ...Now, when they changed them, last week, WS [Guru Walkingstick] firms lawyers got involved, in the rewriting of the contracts. And what it boils down to is they use the wording in the contracts they have received to guarantee 1:1. The contract says very plain and simple: for example a $300,000 USD contract, when they pay us (WS firm) it is to be paid equivalent value of IQDs. They have two choices they can either pay us 300,000 American Dollars or they pay us 300,000 IQDs equivalent to American Dollars. And the only way they can do that is if they paid us at 1:1. These new rewritten contracts that still contain a 1:1 rate, are due to be paid to us in the next 5 days. If they do pay us to the equivalent of the American dollar, 300,000 IQD, then that’s the 1:1 that has been factored in to the redomination, into the revaluation, into their revaluation numbers...And time will tell us whether or not we painted them into a corner. ...But if they pay us 300,000,000,000 (billion) dinars, we know that they have not changed the numbers...We shall know by Friday...(post 2 of 3)... 3-21-2019 Intel Guru Frank26 & Walkingstick With the cancellation of these contracts, and the rewriting of them, well there’s no doubt, yeah, we trapped them. We SEALED IT! For the rate itself to us. ...if they do come out and pay us 300,000,000 dinars or 300,000 USD, well then they tipped their hat to us, that the rate is 1:1 that they are calculating with. Or they simply don’t care about the public knowledge of the reinstatement of their currency. Everybody knows what they’re doing. This financial action, is in the contract, is in the pay of the citizens that work for Walkingstick’s firm. For all his companies. For all the citizens getting paid. And it’s not a mathematical mistake. It is the reinstatement of the IQD, in the change of their exchange rate. And they will tell you when it’s official and when it’s done. As much as you can see and transparently right through it, as if it was casper the ghost. You know very well what’s going on. You just don’t know when they’re going to announce it. THAT’S IT!!! This reinstatement feels so close, you know why...? Because it’s not a secret...(post 3 of 3)... **********
  2. 3-20-2019 Newshound/Intel Guru Mnt Goat I need everyone to take a deep breath and hold on to your seats. We...have one article in particular that is simply amazing and warrants getting the champagne back in the frig. It is one of these “WOW!” articles. We have not had this kind of news in a very long time... Article: "PARLIAMENTARY FINANCE COMMITTEE IS DEVELOPING MECHANISMS TO CHANGE THE COUNTRY'S FISCAL AND MONETARY POLICIES IN COORDINATION WITH THE CENTRAL BANK OF IRAQ" So here is it in black and white, the news of the RV we have been waiting for in anticipation...Just like I told you... It will all surface when they are ready to do it. Now they are ready...(post 1 of 2)... 3-20-2019 Newshound/Intel Guru Mnt Goat Also I want to remind you that...parliament passed the law to allow more independency in the CBI, not that legally they don’t already have it. But when the GOI keeps holding them back, they needed this law to get over all this corruption. After reading this article I really think that parliament is going to go over the PM and get it done with the CBI. So I would consider this one of those WOW! articles...(post 2 of 2)... ......
  3. 3-20-2019 Intel Guru Frank26 SOMETHING HAPPENED TODAY AND OUR NEWSHOUNDS ARE BRINGING IT TO YOU...IT IS VERY SIGNIFICANT. Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quotes: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country". (I was unable to actually find this article, but it was mentioned in several places - I'll continue to look and will post it when I find it. The above was mentioned in a live chat from last night.) The following "BS" is from Bruce - I wasn't going to post it, but I thought I'd include it here for a LAUGH, since it has been posted out there in FantasyLand...! 3-20-2019 Intel Guru Bruce A lot of things have come in here the last few days. ...We know Iraq is basically complete with everything they were supposed to do. We know on the screens today that the Dinar was fluctuating... ...Rates have been adjusting upward...they are still adjusting...We are expecting the Dong to be pretty close to $7 or more on the front screen...The Dinar will be good. It will be higher obviously. Maybe not a whole lot higher though not initially. I think it will climb after it is brought out and after it has been traded more than it has so far. ...We are about to embark on I think some major things happening...we are looking at the possibility of things happening by Thursday for us...We got a lot to look forward to the next couple of days. I really believe we are on our way.HE'S BEEN SAYING THE SAME THING FOR QUITE A WHILE...NOTHING HAS HAPPENED...! Which only indicates more BS.....
  4. 3-20-2019 Newshound/Intel Guru Mnt Goat Article: "THE PAPER AND METAL CURRENCY AFTER 2003, WHICH DID NOT SUCCEED IN TRADING AND WAS CANCELED" I would consider this an early phase of educating the citizens about the currency. Remember that in 2015 coming close to January 2016, the CBI told us they wanted launch the 100 coins but later decided not to. ...I believe they are getting ready to launch these 25, 50 and 100 very soon and are telling the citizens to watch out for the “cancelled” 50 dinar notes from 2003 no longer valid and that here are the pictures of the coins that are valid and coming soon. This is PERFECT too since we know that are going to slowly launch these smaller categories as the market dictates... 3-19-2019 Intel Guru MarkZ [Q? : Have you heard that IRANIAN Influence is still a factor of holding up the reinstatement and monetary reform?] Yes I have heard that in the past….the concern in Iran was if they were going to continue to sponser terror…I think that has been handled now. 3-19-2019 Newshound/Intel Guru Mnt Goat “WHENEVER A RESERVE OF HARD CURRENCY IS INCREASED IN THE STATE TREASURY, THE VALUE OF THE LOCAL CURRENCY RISES.” WOW! Could this also be yet another reason why the CBI is waiting to RI? They need for the reserves to increase? Remember that when Dr Shabibi was about the RI way back in Jan 2013, the CBI reserves where at a all time high of 90+ billion. We know the war with ISIS has brought the CBI reserves down to a dangerous level of about 45 billion. Last we hear the reserves recovered and were about 60+ billion and climbing...(post 1 of 2)... 3-19-2019 Newshound/Intel Guru Mnt Goat ...when they think that the CBI has the adequate reserves (and other things) this will give the CBI sound reasoning to go for the reinstatement. In one of the articles today once again they told us they would the “3.3” ($3.30) rate back to the dinar. ...they will probably go beyond that. I quote from the article... “Iraqi state budget was 11 billion dollars and the exchange rate of the dollar 3.3 and today the state budget 450 billion and the exchange rate of the dollar is 1189 dinars.” I think we could possibly be in a window...(post 2 of 2)...
  5. 3-19-2019 Newshound Guru Don961 Article: "Al-Araji: Sadr may launch a project against the government of Abdul Mahdi and Abadi will return" Quote: "The political ground is ready for Sadr's reform project," he said, adding that "there is political and popular discontent towards the government of Abdul Mahdi." He added that "Abdul-Mahdi does not have the tools to implement his government program" "He said. 3-19-2019 Newshound/Intel Guru David M. Witty In Iraq, source close to Muqtada Sadr says Sadr considers PM Abdel-Mahdi a failure & that his government will likely fall soon. Sadr is signalling this to political blocs. PM has done nothing. 3-19-2019 Newshound/Intel Guru Mnt Goat The news pouring out of Iraq now is all about Iranian influence and how it is negatively effecting Iraq and the currency reform process. When we see such a number of articles concentrating all on the same topic, we can see clearly that this is what they are working on now and need to resolve. ...This area I totally see how it is impacting on holding back the currency reform, the project to delete the zeros and the reinstatement and so it got my attention. We may be coming to an end to this fiasco of holding back the reinstatement after all if this newest effort will work. So, we sit tight and wait for anticipation. .....
  6. 3-17-2019 Intel Guru MarkZ [your opinion on dela rue machine, or let them send it away, to be verified.] After talking to a treasury contact ...and a number of banking contacts…they told me to NOT LET OUR CURRENCY OUT OF OUR SIGHT…so that’s what I am going to do. 3-17-2019 Newshound/Intel Guru Mnt Goat Article: "COOPERATION OF AMERICAN COMPANIES TO ENTER IRAQ, ESPECIALLY IN FOUR PROVINCES" Quote: "This year will see a great opening and a clear renaissance in the country." This is all fine but how will the companies transfer funds in and out of Iraq? Will they want to convert dinars to US dollars in the currency auctions? I don’t think so…They will want to do through the banking process and they use FOREX. Oh – but the rate is not yet on FOREX.
  7. 3-17-2019 *** Dinar News Update *** It appears the Iraqi Dinar has been maintained the IMF 2% rule for the Baghdad Market rate vs Official rate for 1 year. (The CBI has reported compliance in the full Iraqi Market for 5 months). This is a very long period of stability for the dinar! You can always see the Market and Official rates posted in the Iraq & Dinar Related News forum where the Dinar Sales are shown daily by Yota or myself. 3-17-2019 Intel Guru MarkZ Historically RVs have happened on a Tuesday or a Thursday... We were told ...way back when that we would go to bed on a Sat. night and rates would change and we wake up Monday to all new rates. 3-17-2019 Newshound Guru larrykn the pressure on the CBI is a good thing...they talk about opening the ATM machines to pay salaries and such. If we look at the destruction that happen over there I believe they need more banks with ATM so the customers can get to their money, this will take time and this might be the reason they are taking their time. but then again the seating of the rest of the cabinet might be part of that too. I'm just not sure that is a requirement for Iraq to move forward. We will see, soon. I hear parliament will meet again on the 23rd, we can only hope they can get them seated. 3-17-2019 Newshound Guru Kaperoni Folks need to understand, Iraq is not going to raise the value of their currency arbitrarily. If it goes up in value it will be because the world helped Iraq rebuild and prosper. New central bank article today calling on the politicians to stimulate the real sectors of the country putting pressure on the CBI. This is what I have been saying all along..! Have a great Saint Patrick's Day Everyone...!
  8. 3-16-2019 Intel Guru MarkZ ...Remember Trump had said he wanted the reset (When did he say anything regarding any reset...?) in the first quarter of 2019…which is almost over. [Q? : does Potus press the button for the rv to start] No he does not- Is he in charge of making sure the US is prepared? Yes. [So Trump and Warren Buffet have dinar?] Yes…and if anyone thinks you are crazy – point this out that 2 of the most knowledgeable investors around think this was a solid investment. [Q? : You still think we wont pay taxes on our exchanges?] I defiantly still think there will be no taxes on the exchange. (this guy is predicting the nonsense 800 #'s will be out this weekend - I wouldn't post any of his nonsense about them). 3-16-2019 Newshound Guru Kaperoni Iraq needs to complete the government and parliament needs to pass the laws before it can open up to investors/investment. Nobody coming otherwise. [Can all of that be done in a short time?] Sure if they decide to do it. But they have shown they are lazy and don't want to accomplish much. Time will tell...and pressure is on them to open the economy...(post 1 of 2)... 3-16-2019 Newshound Guru Kaperoni ...substantial investment will cause pressure on the CBI. This is why the CBI needs a tool to counter such. That tool is the a liberal exchange rate regime (float) to allow the gradual appreciation of the currency to offset such pressure. ...look at the bigger picture...Iraq needs investors/investment ...billions of dollars to rebuild, create a market economy. That will create economic pressure and the solution to that is to raise the value...(post 2 of 2)...
  9. 3-15-2019 Newshound/Intel Guru Mnt Goat ...On Wednesday I called my source in the CBI and had a chat. I am not hearing of any target date for this week or over the weekend to reinstate the dinar on FOREX...Again, I am telling everyone we are just now waiting for the last 4 ministers to be seated (especially the interior minister) as the Iraqis have been told many times they need a “fully” formed and functional government or they will not be allowed to reinstate the currency...Meanwhile I am told the CBI is ready and has been ready. They have had a lot of cleanup on the banking and currency fraud with the currency auctions. But at the point it will NOT stop the reinstatement once approved. They need desperately to move forward...(post 1 of 2)... 3-15-2019 Newshound/Intel Guru Mnt Goat ...the CBI...must wait for the GOI and IMF to give the green light. I was told that no smaller category notes have yet been launched only more of the existing 250, 500 and 1000 notes in the ATMS...but what about the much lower 100, 50, 5, 10 and fils? Yes, this is an important question to ask for as far as Iraqis are concerned the lower denominations are out already but not the ones we are looking for...(post 2 of 2)... 3-15-2019 Newshound Guru Adam Montana Oil saw a nice upward spike yesterday. We're not quite to $60, but the trend is still positive. I expect it to pull back a tiny smidge, then continue the steady pace in this direction...I'm not saying "the day OIL hits $60, we will have an RV"! $60 was the direction I wanted to see, and we're basically there. As long as the current trend continues, we are in the (green) zone. Steady and controlled oil prices, + steady and stable GOI, + some HCL goodies...that's what we're looking for, and it keeps coming!...(post 1 of 3)... 3-15-2019 Newshound Guru Adam Montana One item that is of note, and may push us out just a little bit, is the budget/fiscal year. There is a LOT of accounting to be done with any kind of monetary change, and it would certainly make things cleaner to change the rate on a specific date that coincided with something logical like the start of a fiscal year or quarter, or perhaps the beginning of a new budget, or something like that. We are a couple weeks away from the end of Iraq's first fiscal quarter. Their fiscal (XYZ) can be a bit confusing because they don't get the new budget out until after the new fiscal year has already begun, and in the past they have stated that surplus in the budget applies to the following year. Oh, there's nothing like proper planning, where the first three months of the year you have no idea what's in your checking account or what bills are in the mailbox...(post 2 of 3)... 3-15-2019 Newshound Guru Adam Montana That's nothing to concern us, of course. In fact, with the steady progress we're seeing in all other areas, the prospect of a currency value change at the start of Iraq's Q2 is a pretty reasonable thought. In other news... not much I can say right now! Parliament is in session and WORKING. We don't have an announcement, but all of the clues are saying *soon*. I'll be monitoring...(post 3 of 3)... 3-15-2019 Newshound/Intel Guru Mnt Goat So far, no voting in parliament on the last 4 ministers. Saturdays promised voting was not completed and postponed yet again. However no new date was confirmed or announce right away. Article quote: "The candidate of the Minister of the Interior has not been agreed upon so far, but Fayadh officially withdrew his candidacy." So another article says that the PM is now able to put his own selection of candidates forward and vote on them. We are told they plan to try again in Thursday 3/21. Have a great St. Patrick's Day Weekend everyone....Blessings...RON
  10. 3-14-2019 Intel Guru Frank26 IMO ON THE 28TH OF DEC 2018 THEY LIFTED THE 3 ZERO'S ELECTRONICALLY ALLOWING WS'S [Guru Walkingstick's] FIRM MANY CONTRACTS AT 1 TO 1. ...SO IF I WAS IRAN...I TOO WOULD ACCEPT A PAYMENT FROM IRAQ...NOW. 3-14-2019 Intel Guru ADMINBILL I HAVE BEEN MONITORING [Guru] MARKZ'S INFORMATION. HE IS CREDITABLE...We are moving in the right direction. Stay the course. Be prepared to grab hold of the merry-go-round ring and claim your prize. (this is really beyond understanding that AdminBill believes MarkZ is credible - oh well, there's no accounting for taste - or fact from fiction) 3-14-2019 Newshound Guru Kaperoni article that said they would not float the dinar...could be interpreted in two ways. 1. being they won't float (which makes no sense because they then would not have the tool they need to counter inflation as investment/investors come to Iraq, or 2. they are not going to float at this time (which may be what they really meant at the time of the article). And may be true...but that was months ago before the dinar was stable and in compliance... 3-14-2019 Intel Guru MarkZ [Q? : Who are your contacts in dinar land?] I’ve been in this since the very beginning. I have contacts that are Contractors in Iraq, military people, retired military people... So many banking contacts, regional VP’s in banking, and contacts who actually help set up some of the redemption centers for a major bank for the dinar and dong…(Sounds like MarkZ knows everybody...a little more B.S.) This next post is plain nonsense, and I'd categorize it as a major outrageous Rumor & includes Bruce - but here it is: 3-14-2019 Intel Guru MarkZ ...I'm looking at the next 24 hrs to see where we are..BY Friday morning I should know...[ [Guru] Bruce sayin we paid by end of week.] He may be right. [Are you still 98% sure for the month?] I’d say I’m 99% sure. [what made you jump higher?] Can’t really share but someone got paid. 3-14-2019 Newshound/Intel Guru Mnt Goat I can say that I have heard many rumors about the readiness for the launching of the new smaller category notes, however you would think that, if these rumors where true, we would see multiple articles on this topic in the general Iraqi news media prior to the event. We have NOT yet seen this. But also remember this does not mean this even may not be on the radar for the very near future either as we also know these smaller category notes may come in close proximity to the announcement of a reinstatement.
  11. 3-13-2019 Intel Guru MarkZ [Q? : With Iraq Parliament saying the Prime Minister can choose the remaining cabinet members within 3 weeks, does this mean the RV can’t go until then?] they can absolutely move forward with the RV before they finish their government. ...It is not an “if” but a “when” for this to happen. This is such a complex thing they are doing but I believe we are in the “end days” of seeing this reset happen. 3-13-2019 Newshound Guru EHankins Education for and to the citizens on the Nasdaq billboard... this must not fail. This is a perfect opportunity for them to learn...they are imo. WE KNOW THIS... have known this for a long long time. Thanks Frank [Guru Frank26] for the heads up and the proof of what's coming... in my opinion. CBI bring it... we are way past the RI... you can pull the trigger any time now. 3-13-2019 Newshound Guru larrykn [ you guys know when they will finish the remaining 4 cabinets?] ...parliament meets tomorrow , we shall see what happens then. 3-13-2019 Intel Guru ADMINBILL ...Although I can't pin down an exact day and time with rates... I do believe that our wait is nearing an end... 3-13-2019 Intel Guru Bruce [via PinkRoses] What we are hearing is regarding Iraq, you know they passed the HCL law, Oil and Gas Law. ...What that did was not only a certain amount of the profits or proceeds from oil and gas exploration in Iraq to go to Kurdistan and also to Bagdad, and so on to pay for the government, but the citizenry of Iraq and Kurdistan are also to be paid a percentage of the Oil and Gas revenue. That is part of the deal. The good news is as you know they have which they are paid on...the Qi card that I am referring to will hold revenue from oil and gas from Iraq, and that will be available to use at the new rate for the Iraqi Dinar Thursday morning...(post 1 of 3)... 3-13-2019 Intel Guru Bruce ...We think we are done with Iraq. We know that the Iraqi dinar was supposed to be pre-trading...Sunday...We think it is continually trading, but possibly not officially on the screens. We know they had a pre-traded start rate in the $6.73 range (absolutely B.S.). It was to go up from there as it was traded...The Dong was going to start pre-trading at one hour before the markets opened on Monday morning...What is interesting to me is the Vietnamese Dong is supposed to be as a result of China wanting it to be comparable to the Iraqi Dinar...How do we define comparable? We believe it means within 5% of the Dinar. That is a tremendous value not only for the Dinar as it continues to climb in value, but the Dong to be comparable to the Dinar is way more than we all thought it could be years ago...(post 2 of 3)... 3-13-2019 Intel Guru Bruce ...Everything is looking like we are set on Go from this point on. Could this be our week? A lot of people think so...I believe we should have the result we are all looking for before the end of the week...I am much as I have ever been because I see movement. I see progress. I see things happening. ...I really think we are going to have a really good week and weekend...(post 3 of 3)... 3-13-2019 Newshound Guru larrykn Article quote: "Breaking The IMIS candidate for the interior ministry in Adil Abdel al-Mahdi’s cabinet, Falih al-Fayyadh has officially withdrawn his candidacy bid..." this might open the door to complete the cabinet.
  12. 3-12-2019 Intel Guru Bluwolf ...On the concept of where we are in this current time frame. I can say that we are about to receive a GO message in a short while ( minutes, hours,days ) for there is nothing out there obstructing or delaying this or anything. The rates will be satisfying to all involved and things pertaining to the exchange will be as it was accorded with both banks elected or chosen for this important RV event. All things expected of Iraq has been 100% covered, written off in there Gazette and accepted by all governments involved...(post 1 of 2)... 3-12-2019 Intel Guru Bluwolf The voice in charge of awarding the banks the GO permission to open up there envelopes which contains the 800# they are all in agreement that we are finally heading to the desire end to this wonderful and blessed ride, so please be tolerant and let this flow for it all shall be over very soon. The PLAN has had a lot of obstacles by the money rich and the corrupted government individuals but according to those in charge that has been delt with. The system for this exchange has been tested and APPROVED 100% secure and safe with no flaws whatsoever...(post 2 of 2)... 3-12-2019 Intel Guru RayRen98 Parliament met on Monday and instead of concluding the 4 cabinet positions as allegedly planned, PM Madhi was supposedly given the authority to fulfill the remaining cabinet members within 3 weeks...Iraqi TV is broadcasting CBI's Alaq informing the joining of the IFC's (International Finance Corporation) international sustainability network. ...America's (used to be) second largest fast food chain, Hardee's Restaurant (a.k.a. Carl Jr's on the West Coast) has established a presence in a mall in Baghdad.
  13. 3-12-2019 Intel Guru Delta Article: "Iran's economy receives the first installment of debt on Iraq" ...VERY HUGE...I WAS WAITING FOR THIS ONE... THEY GOT PAID...ALSO TRANSLATION IS MISSING A PART IT SHOULD SAY THE FOLLOWING..."This came during a meeting with HIS Iraqi counterpart Ali Al-Alaq" IRAN CENTRAL BANK GOV ALSO WAS IN IRAQ AGAIN AND DID MEET ALAQQ... 3-12-2019 Intel Guru MarkZ [Q? : do we need to bring currency receipts to our exchange apts? Receipt invoice to prove date of purchase.] I am taking every receipt I have. Its better to take it and not need it, then to get to the exchange and need it and don’t have it. That is, once there is a change in value to the IQD, and it is internationally traded..not before...! 3-12-2019 Newshound Guru Kaperoni Many think the dinar could never free float and must be some sort of manage float. They may be right! I not really care what type of float it is other than that is how monetary policy works, floats are a tool that the CBI uses to counter pressure. Random acts like RV's RI's etc are not tools the CBI uses so we can rule such an event out. As well there are other reasons like money supply, economic shock that prevent such an event from ever happening. If they do float (which they will) the float will begin at whatever the current rate is at..such as 1190. The reason is simple...any other value would be a RV of sorts and not be within the tools the CBI uses. Not to mention, it would circumvent the CBI's ability to profit from the buy/sell of currency commissions. Which after all, is what the CBI is in the business of...making money. Central banks every single day control the sale of their currency to make money...(post 1 of 3)... 3-12-2019 Newshound Guru Kaperoni As for how fast the dinar could rise...just look back at 2004-2005 when the CBI under Dr. Shabibi unpegged for about 6 months and reduced inflation from about 33% to 5% or less raising the dinar exchange rate from near 3000 / $1 to 1170 /$1. This demonstrates the pace the dinar once again could have during the investment/market economy phase. But again, this process is up to how fast investors/investment comes to Iraq. It is not a random act. Again, many articles on this process to read from the IMF and other organization. ...Remember this is not some idea I came up with. The professionals at the IMF that work directly with Iraq have documented that is their intention for the CBI and the dinar...(post 2 of 3).... 3-12-2019 Newshound Guru Kaperoni There are two ways to interpret what the CBI is talking about when they mention "deletion of zeros. It may be honest and part of the plan (when they interpretation of what they really mean applies) or it may simply be the CBI trying to diffuse speculation and speculators from buying the dinar. There is no way to know for sure until they open the economy and we find out. I have read articles that imply deleting 3 zeros is a LOP and others that imply that they will raise the value gradually down to the day the dinar is worth the same as the dollar...which implies a float and exchange rate improvement. Personally, I believe from my research the dinar will improve in value via float and that seems to coincide with Dr. Bakri in Iraq who has written me several times to discuss monetary policy...(post 3 of 3)...
  14. Our own Adam Montana posted on another board today: 3-8-2019 Newshound Guru Adam Montana This has been an interesting week in the markets, but not so much for Dinar when it comes to actual news. There's a good reason for this. Oil has been pretty flat, just like the news on HCL. Step back and take a "big picture" view of the situation, and it's easy to understand that this is to be expected. I find it amusing to read the headlines that state "Oil production falls to (X time frame) lows..." Hang on a second, oil "falls"?! That's the headline? I don't think that's accurate. It's not "falling" - it's being controlled, exactly as they planned...(post 1 of 2).... 3-8-2019 Newshound Guru Adam Montana This is a topic we've been on top of since 2017, before the talk of OPEC agreeing to slowing oil production. The headlines would be more accurate if they said "Planned reduction in oil production to stabilize prices" But that doesn't get as many clicks, it's just not as sensational...even though it's the truth. And we've been expecting it, because we have been watching this sector through a fairly specialized set of glasses. Interpretation: All is going according to plan. And if all is going according to plan, then it's just a matter of time. ... we're not going to have an RV in the next couple days. Unless I'm wrong. I'm always open to that possibility! ...(post 2 of 2)...
  15. 3-11-2019 Intel Guru Footforward I believe...once attacks in Iran the country of Iran...when that happens I believe we will be within days of the RV happening...the revaluation of the Iraqi dinar. I expect the dinar to revalue and the dong to potentially revalue...I think the dinar is by far going to be the big winner. 3-11-2019 Newshound Guru larrykn Article: "The Cabinet issued a directive for international institutions and funding on borrowing" this sounds like they are trying to get a handle of corruption, no loans without their approval...if they don't...we don't see what we want. ...corruption, stability and banking are three things they need to get done...they are working on all three but it does take time, plus laws they need to pass...not until lately have they real done any of these things...for years its been all talk no actions. 3-11-2019 Intel Guru RayRen98 Late today [Sunday], a Parliament spokesperson informed that an agreement was reached between the blocks to meet on Monday and vote for the last 4 cabinet positions to be confirmed without dispute.
  16. 3-10-2019 Newshound/Intel Guru Mnt Goat I...heard some ridiculous chatter about a LOP...If there was going to be LOP they would have already done it and not be sending out countless articles on the project to delete the zeros and valuation strategies. ...a LOP is not possible. Not in my terms but from FACTS from the CBI itself. 3-10-2019 Newshound Guru MilitiaMan Articles: "NASDAQ in New York City to raise the name and logo of the Iraqi market for securities"; "Communications: Launch of electronic signature next week" The above data is effectively telling us a few things. Firstly they appear that they are to begin trading with in the parameters of the NASDAQ, and is noted to be an historic event told to the world at the closing bell of the markets in the USA. ...They speak of electronic systems, networks and the speed of capital movement. Well to get those things, economic activities have to have modernized systems in place. They clearly have them and the ability to interconnect with them globally...(post 1 of 2)... 3-10-2019 Newshound Guru MilitiaMan ...Then...the Launch of the electronic signature next week. Well that is for speed and security in the movement of capital. Safe, secure and fast. So what we are seeing is the advance stage of implementation of the MR (monetary reform) and ER (economic reforms) for iraq. Linking with NASDAQ, takes an internationally accepted currency. They won't go live on an international level playing field with a non compliant program rate. They'll need to expose the 2019 budget and apply the adjustment to redeem the new calculations for to be traded on Forex and for the ISX to Trade on the NASDAQ platform along side regional players, like in Dubai, etc..imo...(post 2 of 2)...
  17. 3-7-2019 Intel Guru RayRen98 Parliamentary commission and investment confirmed on tv interview today that to revalue and delete the zeros is ready for implementation by the cbi after a five year delay due to security and corruption issues! Show me the money!!! 3-7-2019 Newshound Guru larrykn they seem to be going in the right direction, I can't wait to see what happens when Parliament meets. 3-7-2019 Intel Guru MarkZ ...I am beyond hopeful for this month and still hopeful we will see something overnight tonight or in the next couple days. I guess he's trying to cover all the bases. Yet, over the past week he's been giving rIdiculous rates and indicating it's done and on screens, but hasn't been released yet - all BS and rumors of his making, or taken from other sources. There are 3 of them saying almost the same thing...LOL..! [Q? : Do we really think the RV is gonna REALLY happen very very soon?] Yes I think its very very close…I wish I could share everything I know which is really nothing at all when it comes to the IQD. If he really knew anything, he'd be buying all the IQD he can get his hands on - even if he has to take out a quick loan on his home. Really in never-never land. …this thing is so fluid. RON
  18. 3-6-2019 Intel Guru RayRen98 [via sunny] Yesterday they broadcast on TV stating cabinet selections will be completed by the end of the month. This morning they are broadcasting they will be completed in two weeks. All of us don't subscribe, to the cabinet has to be completed before the RV. 3-6-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi confirms the need for continued US-Iraqi cooperation to defeat... US President: we will spend $3 billion to develop Ein al-Asad base in Anbar Province, Iraq, to ensure final defeat of terrorism. We have no intentions of leaving Iraq. There were several other Gurus (2 Bruce & 2 MarkZ) who posted, but they were ridiculous rumors with outrageous rates and statements as to the RV started and dates. I haven't heard much from several of the other more prominent Gurus. Have a great evening everyone. May God bless each of you. RON
  19. 3-5-2019 Newshound Guru larrykn Looks like they are working on the corruption over in Iraq, this is good news...What I've been reading is showing they are working on corruption and security these are two of the main things they need to get a handle on. Article quote: "Iraq has been intensifying the security measures in the western regions to prevent the infiltration ISIS militants fleeing Syria." ...this article shows they are working on Security which we need to see if they are going to do something with their currency...this is all good news. ...when Parliament comes back if they get the laws passed for investors. and banking we will be looking good...IMO. 3-5-2019 Newshound Guru Kaperoni A couple of good reads the last few days...WTO News as Iraq inches closer to full accession. A critical part to this puzzle. ****************** From Last Night ****************** 3-4-2019 Newshound Guru larrykn Article: "Iraq deploys 20,000 personnel in Anbar to watch borders with Syria:" IMO this is the reason why the US should not leave Iraq, Isis has lost in Syria and is heading back into Iraq, they don't want to see what happened before happen again. I think this month will tell us a lot about where we are at and going to be at.
  20. 3-4-2019 Newshound Guru Kaperoni So as we enter March there still is no RV or RI ...Why? Because there will never be a an overnight event. Monetary policy does not work that way. This is a process and as investment comes into Iraq the dinar will rise gradually via a float. It could take 6 months to a year or more to rise to a level we all are looking for. 3-4-2019 Newshound Guru MilitiaMan Internationalism...Can't hide it now... The Cat is out of the bag... Even the Governors of the Provinces and the Religious Authority is calling for distribution of the Iraqi wealth and now we see Citi Bank able to do similar distribution of timely payments through a chunky credit facility. These latest actions from the Governors meeting this last week on 2019 Budget allocations to be disbursed for re construction projects and Qasim al-Tai religious authority telling PM Mahdi to distribute the wealth to the citizens in a fair and equitable manner all around the same time frame of the passing of key laws this week. My bet on this is the Citizens are squawking even louder now that the Tariffs are being enforced. They signed this credit facility on Thursday of last week!!! Same day the Governors were meeting on disbursements to the provinces. See the the progress in play now? I sure do.. Man it looks good too! imo. 3-4-2019 Intel/Newshound Gurus Delta & MilitiaMan LIKE WE SAID...SMALL EXAMPLE PRICE JUST JUMB [JUMP?] 400%...Red meat, tomato prices rise as import tariffs bite...One kilo of red meat has risen on average by 500 IQD ($0.42) in Erbil and Duhok. But in Sulaimani, it has skyrocketed by as much 2,000 IQD ($1.68)... INFLATION IS MY BEST FRIEND...Now the Inflation begins... Massive pressure is coming now... That should bode very well for us now. ~ imo.
  21. 3-3-2019 Newshound Guru larrykn [new Guru] I think the dinar will happen but we need to look at what Iraq is doing to get there...I've been in this 8 yrs now and I still feel its coming... If its not on the CBI site or Forex its not there period. [Q? : What do you think about [Guru] Kaperoni's thoughts?...a Float...] I'm not sure about it starting at where we are now but I do think it will's the thing I'm seeing, I hate to say it but I'm not sure your going to see a high rate to start it might take some time but once it happens it won't take that long to get investors come in the currency will rise...I like seeing other countries are talking about trade talks with Iraq, we need to see that happen , that will put pressure on them to do something with their currency... stability is one of the big things we need to see happen, I see they are working on that now. 3-3-2019 Intel Guru Footforward You absolutely can not have an in country RV only. When this goes, it will be live all over the world.
  22. 3-2-2019 Newshound Guru Breitling …this is what Iraq stated they wanted to do. They wanted to get to a dollar. and then they wanted to reengineer their economy and get the dinar to $3.22…they told everybody…the Ministry of Finance, the Ministry of Planning, the CBI, the Parliament of Iraq all agreed and stated this is our goal, this is what we want to do…I don’t see that any more…people always ask me what’s the cash in? What should I do? Should I cash in just a little bit…? I’m not kidding. I do not see a path to $3.22...(Post 1 of 2).... 3-2-2019 Newshound Guru Breitling My definition and idea of what to look for and how much to cash in is completely changed. I never would have imagined with all the regulations and everybody so anti-fossil fuel the world is flooding with fossil fuels…but it’s completely flipped. What I’m saying is whatever the dinar comes in at just pull the trigger. It’s not going to get to $3.22. I know what Iraq said. I know what they said their intent was, but there is no way they could have imagined what the United States is doing today…we’ve become self-sufficient but we’ve started selling fossil fuels [too]...(Post 2 of 2)... 3-2-2019 Guest Guru BobTheTaxMan …If you made over a certain amount of money you did not get to use Schedule A. Period. That got taken out for 2018. There are no limits…Now charitable contributions: have been in the 30% to 50% allowable depending on your income. Now that’s changed. In 2019 it went from 50% to 60%. This means a whole massive amount of tax liability that would have occurred because of having this money you can write off as charitable contributions. Wow! That is freaking awesome! But you also need to remember…(Post 7 of 8)... 3-3-2019 Guest Guru BobTheTaxMan if you show a huge amount of charitable contributions that actually exceed your income it’s going to get audited. You can plan on it…good tax planning always has good records. As long as you are compliant with the rules and regulations imposed by the IRS you do not have to fear it…I think it’s absolutely phenomenally marvelous the changes that have got on for 18 to 19 which makes this investment we are all involved in, wow, it’s just a huge huge blessing. It’s going to be great! But you need to look at the other side of the coin. This is what the IRS is going to be looking for. Be prepared. Play the game. And you will win...(Post 8 of 8)...
  23. 3-1-2019 Newshound/Intel Guru Randy Koonce Ladies and Gentlemen of Dinar-Land. Please put your tray tables in the upright position, and make sure your seat belts are fastened. It truly looks like we are on the final approach and that our very long ride is about to come to an end. I hope you have given much thought to, and made very wise plans as you exit the ride. As you all are aware of, this Iraqi dinar revaluation has taken many unexpected and unplanned twists and turns. Barring another new unforeseen bump, we are looking at March to be our final month of waiting for this to happen...(post 1 of 2)... 3-1-2019 Newshound/Intel Guru Randy Koonce Based on the information I have been able to get, we could see it as soon as this weekend, but hopefully no later than the 3rd week in March. That is our latest, and hopefully the last window. For some of you the tax consequences will be significant. Pay your taxes, but also be wise in the speed and manner in which you exchange...Take your time. Be deliberate and intentional. Be smarter than you’ve ever been in your life. There will never be another opportunity of this magnitude in our lifetimes. ...ALSO this is very political so as I am very confident something can come up and delay. So do not quick breathing...We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe...Check...CBI...every day to see if it has changed...(post 2 of 2)... 3-1-2019 Guest Guru BobTheTaxMan …And is it really worth cashing in all this dinar and ending up with this huge amount of capital and finding yourself under the gun scope of the IRS. If you have an exorbitant amount of income that show up, I mean a great big chunk, you can justify it, that’s not the problem at all, but I promise you if they audit you and you have not paid your taxes on it they are going to hit you with penalties and interests. And it’s going to be huge. Just be aware. If you take a lot out and your tax returns jump way up high you might set yourself up for an audit. Plan on it. It’s going to happen. THREE: One of the amazing blessing that’s come from 2018 to 2019 taxes is the simple fact that in the past Schedule A which is where you put your itemized deductions and report your charitable contributions had limitations on it...(Post 6 of 8)...(See Wednesday 1-4, Thursday 5) 3-1-2019 Intel Guru MarkZ & Intel Guru RayRen98 & Intel Guru Bruce - DELETED as trash rumors too UNREALISTIC to even post here...RON ... maybe someone will have the courage to post in Rumors, but not me... 3-1-2019 Intel Guru Footforward There has been no RV or RI in Iraq yet. When it goes, it will be world wide. Not just in Iraq...!
  24. 2-28-2019 Guest Guru BobTheTaxMan 2. …tax planning is absolutely critical…if you run out and cash in all this dinar three things are going to happen. ONE: You have to make dang sure when you cash in that dinar that you pay your taxes on it. Don’t let it get away from you. Calculate it. Pay it up front. Pay it quarterly. Pay it monthly. When you go get money out of the bank, pay taxes. Just do it. That way you don’t have to worry about it. TWO: Realize if you pull a lot more money and show on your tax return than what you ordinarily would have, you have lined yourself up for an audit. Part of the tax planning is…where do you draw the line? How much do you really need? What tax bracket do you want to live in? ..(Post 5 of 8)...see yesterday's Posts. 2-28-2019 Newshound Guru Adam Montana [...why must they pass the HCL law before there can be a revaluation of the dinar?] HCL is indeed merely a profit sharing agreement, and until there’s a decent agreement in place regarding profit sharing, we have a difficult road to travel for an RV, which is all about profit. The profits little people like us will see from a change in the exchange rate of the Iraqi dinar are small compared to what larger institutions will realize. This is something that happens every day, and that’s not particularly important. What IS important is this; ...(post 1 of 2)... 2-28-2019 Newshound Guru Adam Montana We can certainly have an RV without the HCL, but doesn’t it make sense that a written agreement that guarantees a portion of the spoils to a major part of the Iraqi (bicracky) population would grease the wheels? I think so. ...Over the years, I’ve given more than a few deeper looks into my reasonings for the importance of the HCL but I hope I’ve also expressed that it’s not a “requirement”. The Iraqi dinar will increase in value with or without an official HCL. Personally I think the rate will be stronger with the HCL. Also personally, I’d be happy with a lower rate without an official HCL...(post 2 of 2)... 2-28-2019 Intel Guru RayRen98 ... & ... Intel Guru MarkZ Were intentionally omitted as BS Rumors...!
  25. 2-27-2019 Guest Guru BobTheTaxMan …But my suggestion would be don’t mess with it. take the conservative side. File it as ordinary income. Pay your taxes that’s on it. And keep your ear to the ground. Any kind of new changes that are going to come out in this particular arena the dinar crowd is going to pick it up and run like crazy with it. But most importantly if you have a half decent attorney or CPA who’s familiar with Forex they’re going to say “Guess, what?!” and then you go back and amend the return. So if you amend the return. You’ll get back the amount of money you didn’t have to pay taxes on PLUS you’ll get interest from the federal government and if your state…has an income tax they have to pay you interest as well. Hmmm…sounds like a good plan to me. The thing I like about it is that I don’t want to have to walk around downtown looking over my shoulder worrying about the IRS getting on my case….My invitation is to realize that if you elect to file capital gains you’re walking the line. That line could turn and snap you. If it does snap you it’s going to cost you more money. If you take the line and be more conservative and pay it as ordinary income whatever initial taxes you paid you have three years to recover. And within three years they’ll be some sort of an answer that will be well known…let it go. I assure you you’ll be a lot happier...(Post 4 of Many)... Following are Posts 1, 2 & 3 for continuity, and those who may have missed them earlier. *************************************** 2-26-2019 Guest Guru BobTheTaxMan For those of us who have been riding this cotton picking train of the dinar for so long you couldn’t get a better tax opportunity than we have now. It’s just absolutely freaking amazing what we have. The new rules brought in under the Trump Administration give us so much leeway and so much opportunity to be able to save on taxes, to share this with everyone we love, less consequences. The whole tax planning game has changed immensely because of the changes in 2018 and 2019…As Paul Harvey used to say, “Here’s the rest of the story.” There are some things about the IRS, particularly those who come into a lot of money in a hurry that have certain triggering points. I’ve got three of those I want to talk to you about...(Post 1 of Many)... 2-26-2019 Guest Guru BobTheTaxMan 1. I have had a lot of people send me email saying, “ This person is saying this is going to be capital gains and NOT be ordinary income.” I’ve even been sent long convoluted processes someone has created for being able to move money in different ways so that the categorization was redone. I’ll tell you from my own studies, one of the things when I got into this thing over a decade ago…I spent a lot of time researching it. I contacted Several of my financial advisors who worked with their tax attorneys. I got the leading CPA of the east coast who deals in Foex currency exchanges and his research came up with the exact same thing that the attorneys came up with. And that is there are two ways that people might misconstrue that this is supposed to be taxed as capital gains. I can tell you right now from the research they did and my own research the dinar does NOT qualify...(Post 2 of Many)...  2-27-2019 Guest Guru BobTheTaxMan It does not qualify [reference post 2] …I’m going to make it real simple for you. My research has shown this…It’s going to be treated as ordinary income and that’s that. Now, what would happen if you elected to do it as capital gains and file your return? Here’s what will happen…if you are incorrect and it comes back it will take two years before you hear from them. The amount of penalties and interest that is going to be accumulated over that two year time frame is…going to be big. So you have a choice. On my side I tell people treat it as ordinary income. Yeah you’re going to pay more taxes. That’s true you’re going to pay more taxes on it but I do know this much, within 3 years, because you have three years to amend that return to get money back, within three years somewhere along the line someone is going to get a Letter of Definition from the IRS that definitively says this is how we’re taxing it...and/or there might be rule changes in the IRS that converts this from ordinary income to capital gains. That might happen. I’ve seen it before....(Post 3 of Many)... 2-27-2019 Newshound Guru Currency365 WE ARE OFFICIALLY IN GREEN LIGHT HIGH ALERT.
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