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Found 372 results

  1. 7-15-2019 Newshound Guru Kaperoni [via Baxter] ...the Article 4 consultation report... is to be released yet this Month...and that should tell us more about where Iraq is at this point. 7-15-2019 Intel/Newshound Guru sandyf ...If we are to gain from this venture then it is not going to come from anything Iraq does. How can people talk about Dinar and Dong in the same breath and then think the answer lies with 3 zeros. Hopefully by the time Iraq ever gets around to deleting the zeros, all thoughts of Iraq will be well and truly in the rear view mirror.
  2. 7-14-2019 Newshound Guru Don961 Article: "Paying with plastic? Iraqis weigh pros and cons" Quote: "In Iraq's cash-driven economy, the Communications Ministry and head of the Central of Bank are getting input on a mechanism that would allow banks and shops to further facilitate the use of debit and credit cards." ...this is where the rubber (er...currency) hits the road...in the marketplace... cool article...dump the rippy old notes with all those zeroes... replace them with new polymer ones that don't deteriorate as quickly...and give them a value so small change can be made without an issue... give 'em sum coins for the Fil jar to save for a rainy day ... 7-14-2019 Intel/Newshound Guru sandyf ...Govt does not Drop the zeros...CBI does...Central banks have a limited role in the management of a currency. Changes to the monetary unit or major changes to the currency require government approval. Deletion of the 3 zeros in Iraq will affect the monetary unit and as such will require a Bill to pass through parliament, it's not going to happen any time soon..!
  3. 7-13-2019 Intel Guru Delta [Q? : I believe you have recently stated that they have ALREADY lifted the 3 zeros in country...Can you please clarify this for me?] IT'S ALL DONE... MAYBE IT'S SOMETHING OR NOTHING BUT...NO RATE UPDATE SINCE WED ON CBI... 7-13-2019 Newshound Guru Kaperoni [Q? : 77% of the world's transaction revenue touches an SAP system! They are HUGE! They...wouldn't set up shop in Iraq for fun..! ...They have seen the potential & want to get in on the ground floo..r!] Yes..! It's a big deal they are now in Iraq... 7-13-2019 Intel Guru Delta [Q? : What if the central bank stopped selling the dollar?] Article quote: "It may be necessary to resort to other mechanisms that are quite different from what is currently being used." WHAT'S NEXT? ...DETERMINE THE PRICE GLOBALLY...! That's all folks....Be Blessed..! RON
  4. 7-12-2019 Newshound/Intel Guru Mnt Goat "MONETARY RESERVES WITH THE CENTRAL BANK OF IRAQ: CRISIS AFTER CRISIS" This article is nothing more than the CBI tooting its own whistle again. al-Allaq knows his days are over in the CBI and he is going to be replaced. He is the third generation proxy governor appointed by the Nori al-Maliki days of takeover in 2012. He does not have the expertise to handle the complexities and corruption of the CBI. He is going to be replaced shortly. A new candidate has been already chosen. 7-12-2019 Intel Guru Delta MONDAY IS A HOLIDAY IN IRAQ SO CBI HAD 2 AUCTIONS BUT IT WAS STRANGE THAT FOR SUNDAY THE VOLUME WAS 0 AND THIS WAS THE FIRST TIME I SEE THIS PATTERN...BUT FOR MONDAY THE VOLUME IS REGULAR NUMBERS...BANKS SUBMIT THEIR REQUEST FOR AUCTIONS IN ADVANCED SO WHAT DID THEY KNOW...CBI WILL SEND MEMO 24 HURS IN ADVANCED TO BANKS BEFORE RATE CHANGE... 7-12-2019 Intel Guru DELTA Article quote: "The file of the "auction of hard currency" in Iraq to the forefront after the comments of deputies in parliament, demanding the Prime Minister and the Supreme Judicial Council and the public prosecution in the country, put an end to the massive corruption carried out through the auction of hard currency organized by the Central Bank of Iraq every day." MASSACRE OF THE DOLLAR IN IRAQ...OFFICIAL MOVEMENT AGAINST FRAUD AT THE CBI AUCTION. Have a great weekend everyone...RON
  5. 7-11-2019 Newshound Guru chattels Article: "Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi" Quote: "The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad" IMO, the federal legislation contemplated by the foregoing article is "THE HCL". If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet. 7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for...(post 1 of 2)... 7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me...(post 2 of 2)... NOTE: Adam's entire chat can be found in Chat Logs here on DV under Thread: Adam Montana Weekly 11 July 2019 7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.
  6. 7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros... 7-10-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS PAID 48.3 BILLION DOLLARS COMPENSATION TO KUWAIT SO FAR" ...so the big question on everyone’s minds is will this effect the RV? Do we have to wait until 2021 for these sanctions to be off Iraq when all this money is paid to Kuwait? The answer is NO if the deal with Kuwait to give them gas in exchange for the remaining balance of $4.1 ($52.4 minus $48.3). We have been told this is the case...(post 1 of 2)... 7-10-2019 Newshound/Intel Guru Mnt Goat The other hitch is will the IMF allow this as acceptable and relieve then of the sanctions now or make them wait until the gas is delivered and pays out the $4.1 billion remaining? So far we have not heard from the IMF on this point. So we wait and listen. But YES this could be part of the IMF not wanting to sign off on the RV. Remember too the UN was just in Iraq in a BIG meeting. What were they discussing? Of course they discussed relieving the sanctions, the last part of Chapter VII. What we know as FACT is that Iraq can not Reinstate the currency as long as they are still in Chapter VII...(post 2 of 2)...
  7. 7-9-2019 Newshound/Intel Guru Mnt Goat ...why would parliament form a separate finance committee...just to look into the matter of corruption in the CBI and currency auctions and as to why the Financial Management law is not being administered and implemented. It has been passed for weeks now. Why would they do this if the RV was already scheduled to go? Another reason why no RV was going to happen - The Department of Economic Studies... held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs"...held on 7/4/2019... Why would they do this if the RV was already scheduled to go? 7-9-2019 Newshound Guru Mnt Goat Many of you still ask me about 800#...You ask if all of this is really going to happen. I have said it before and I am saying it again. There are already 800# published. The banks already have currency exchange centers within the banks and you can call their numbers anytime you want. There are "no other special numbers" planned. Get it? How many times must I talk about this? But why would you call anyhow now not since the rate is still too low.
  8. 7-7-2019 Newshound Guru MilitiaMan Article quotes: "...the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy..."; "...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..." there is far more that I am excited about and for very good reason...imo. Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. They would implode from inflation. They are quitting the auctions thus, they have to raise the rate and pronto. Very clear and concise..imo...! ...(post 1 of 2)... 7-7-2019 Newshound Guru MilitiaMan As at this stage...I don't think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying...imo...(post 2 of 2)... 7-7-2019 Intel/Newshound Guru sandyf People should note that Iraq was effectively removed from UN Chapter 7 in 2013 when the Kuwait missing persons issue was transferred to Chapter 6. Quote: "the United Nations Security Council decided on 29 June to address the remaining question of missing Kuwaiti persons and property under Chapter VI, i.e. by peaceful means. Iraq’s only remaining Chapter VII obligation is the payment to Kuwait of 8.5 billion euros, which is to be completed in 2015 if Iraq maintains the current pace of reimbursements. The UNSC decision therefore closes, both literally and figuratively, a painful chapter in Iraq’s history" There are still Chapter 7 sanctions in place against Iraqi individuals and entities but that has no bearing on Iraq as a country. *****
  9. 7-8-2019 Newshound Guru chattels Article: "Distribution of the instruments of Article 140 on Kurdish families" The allocation /distribution of funds to Kurds under article 140 is part of the first phase in the process. There remains at least the requirements of a census and referendum. Article 140 involves three stages. The first, normalization, has a compensatory payment factor to it. The next two are a census and a referendum to determine inclusion in the KRG. There are reports of a census in 2020, but there is an argument over whether it is/ can be used as the article 140 census. It is possible that the recent news was about funding for the census. 7-8-2019 Newshound Guru Whitelions Article: "Distribution of the instruments of Article 140 on Kurdish families" wooo hoooo...good news.
  10. 7-6-2019 Newshound Guru chattels "The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest ", Lutes said..." “We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment. We think it is an opportune time for American companies to be looking to come in to invest and do business...” I used to say that as Kurdistan goes, so goes our investment. What I meant and mean is that Baghdad - Erbil relations are key to socio-economic stability and a functional government, IMO. Does the foregoing article mean that we have arrived at such a point? No. but hope springs eternal. 7-6-2019 Newshound/Intel Guru Mnt Goat Article: "AMENDMENT OF THE BUDGET INCLUDES TAKING A PLEDGE FROM PRIME MINISTER ADEL ABDUL MAHDI TO RESOLVE THE POSITIONS OF PROXY BY OCT 1st." ...look at his deadline date – Oct 1st.
  11. 7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing...? 7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
  12. 7-4-2019 Newshound/Intel Guru Mnt Goat Article quote: "...the delegation of the Security Council, which visited Baghdad yesterday DID NOT DISCUSS THE ISSUE OF LIFTING IRAQ FROM CHAPTER VII." ...this is BIG...We just learned that Iraq is not “fully” out of Chapter VII. It is the provisions to repay Kuwait. But didn’t Kuwait accept a deal to repay with gas sent from Iraq? Isn’t Iraq even building a pipeline to do so? So we see all of this must be recognized still by the UN security council and they voted on to lift “all” of Chapter VII sanctions. So yes, this could be part of the holdup in letting the reinstatement go. But why are they bringing this up now? They are bringing this up now because the Sadr movement want to move ahead and do the reinstatement and get the CBI to complete the project to delete the zeros. Not wait any longer… But there are pieces to this that still must be cleaned up. 7-4-2019 Intel/Newshound sandyf The IQD is an Article 14 currency, so where does out of Article 8 come into it. Iraq needs to move to Article 8 for the IQD to gain guaranteed redemption and become internationally recognized. This move would make the currency Partially Convertible, a currency has to be heavily involved in international trade for many years to be recognized as Fully Convertible. Article 14 currencies change value all the time but they are not traded on the lower forex markets only the higher corporate levels. Companies that do handle Article 14 currencies do so at their own risk. (REPOSTED)
  13. 7-3-2019 Newshound Guru Adam Montana Interesting times right now. GOI members are playing very nicely... The G20 didn't produce any immediately exciting news that I've ran across, but it didn't bring us anything bad either. Back in the news, and worth a review, is the current OPEC agreement. Article: "OPEC deal important for oil market stability: Iraqi PM" Important notes in that article: 1. Iraq is the 2nd largest oil producer in OPEC. (Does it make sense that it's currency is valued so low?) 2. The production limitation agreement has been extended for 9 months - to boost the price of oil, rather than overproduce and drive the prices down. The amount of time the agreement has been extended isn't as important as the mere fact that it IS extended. Oil is hovering just under that $60 mark, and the stability is a great thing. Stable oil prices = comfortable accountants = solid footing to RV. (Yes, the accountants have a say!) ...(Post 1 of 3)... 7-3-2019 Newshound Guru Adam Montana Iraq is noted as the second largest producer... wait, what? We're talking about BLACK GOLD here, one of the most valuable commodities on the planet. And Iraq is #2... yet the currency they use is currently over 1000X weaker than the US dollar. Collectively, OPEC nations have over 80% of the world's known oil reserves... yet Iraq, the 2nd largest producer in that group, has a currency that would require 2000 pieces of it to buy a loaf of bread at your corner store. OPEC as a group agreed to keep oil production low, to stimulate oil prices. The majority of the members placed their name on the list of participants in this endeavor when it was originally voted on. The majority of the members did that... Iraq specifically did NOT. ..(post 2 of 3)... 7-3-2019 Newshound Guru Adam Montana I hope you understand how huge this is for Iraq. They are one of the founding members of OPEC. The 2nd largest producer in the group. Iraq is agreeing to support these cuts. But they did not agree to join the group in their cuts. This gives Iraq carte blanche - complete freedom - to increase their production on a moment's notice, revalue their currency, and corner the market while they rake in cash to cover their "expenses". They may be operating on an increased production as we speak, stocking up hidden stores of oil in preparation for a huge push to bring in a massive amount of capital to cover the RV. There is more than one way to skin a cat, as they say, and that's just one aspect. The above is certainly an oversimplification of the big picture, but the fact remains - Iraq is nodding in agreement with the cuts, but they have never committed to it. NOT. ONE. TIME...(post 3 of 3)... See complete Chat in the Chat Logs Forum - Adam Montana Weekly 3 July 2019 7-3-2019 Intel/Newshound sandyf The IQD is an Article 14 currency, so where does out of Article 8 come into it. Iraq needs to move to Article 8 for the IQD to gain guaranteed redemption and become internationally recognized. This move would make the currency Partially Convertible, a currency has to be heavily involved in international trade for many years to be recognized as Fully Convertible. Article 14 currencies change value all the time but they are not traded on the lower forex markets only the higher corporate levels. Companies that do handle Article 14 currencies do so at their own risk.
  14. 7-2-2019 Intel Guru footforward Everything is lining up for exactly what I expected when it's RV time. I've said for years it would be absolute chaos. Wars. Looking like the end of time. This is going to happen... 7-2-2019 Newshound Guru Whitelions ...they DO NOT NEED TO BE OUT OF IT [Article 8] TO GAIN VALUE IN THE DINAR did I say that loud enough...if they did they would not have done all the stuff they have done so far they would have taken care of that already... 7-2-2019 Intel Guru Frank26 Article: "The new salary scale will be within the 2020 budget" Quote: "The salary scale will come into effect through the 2020 budget, which can not be implemented at the present time because of the lack of financial allocations within this year's budget," IMO...MAYBE ON THE 4TH...T [TRUMP ?] MAY IGNITE OUR CURRENCY AS WELL.
  15. 7-2-2019 Newshound/Intel Guru Mnt Goat The PM still needs to get the education minister ratified by the parliament and this is still scheduled for this week to be completed, maybe a vote today. ************ Monday Night ********** 7-1-2019 Newshound/Intel Guru Mnt Goat Article: "LAUNCH OF THE MASTER CARD AFTER PROVIDING ELECTRONIC SHOPPING TO LOCAL AND INTERNATIONAL MARKETS" So any new international credit/debit card will need FOREX to find the rate first when converting to the country’s currency you are in when outside the country thus international. This is how it works. ...So the questions is this - will they have the new reinstated rate on FOREX shortly for these cards to work internationally?
  16. 6-30-2019 Newshound Guru MilitiaMan Article: "Al-Shamma: Administrative stability raises the financial sector" Quote: "...in order to stabilize the monetary policy we need stability of the administration, and here we can indicate the stability of exchange rates in Iraq during the past years..." Fairly sure this one has the making of the blessing from or of the UST to go ahead and tell the world via media your coming out from under the final sanctions and you have our blessing to raise the rate.. 6-30-2019 Intel Guru Delta ...LET ME TELL YOU A STORY...ONCE UPON A TIME A LITTLE BIRDY TOLD ME CHRISTMAS WILL BE IN JULY...THAT WAS THE END OF THE STORY...
  17. 6-29-2019 Intel/Newshound Guru tman23 ...I posted month or so ago about replacing the CBI governor...that doesn't come until September 28th so ignore all the other chatter... I told you this was happening month ago and now you are seeing it in print... 6-29-2019 Newshound Guru MilitiaMan ...The amount of data that supports this going sooner than later is imo as blatant as it gets. Take the UN for instance. They came to Iraq for a meeting that is the first of it's kind and affirms support for her sovereignty...With that sovereignty comes her currency. I have a hard time believing they showed up for a historic event to tell the world Iraq is international now at a program rate still...I am sure they are not celebrating today and tomorrow about lifting the last barrier to be a piece of concrete. Symbolic as it may be, but, lifting the barriers on the sovereignty of Iraq and her currency is far more likely and far more symbolic globally... 6-29-2019 Newshound Guru larrykn ...Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...I don't care where they start at or how, just do it...seem to me they have got a lot done that I thought they need to get done but I still feel some Laws need passing, which hasn't happen yet... 6-29-2019 Intel/Newshound Guru tman23 ...couple days to July 1 G20 in Japan where the issd board meets and sets precedence ...Sept 28 2011 is when Abadi as the chairman of finance committee made an announcement that the 3 zeros were set to be lifted at the start of the new year. he made another around October 8 which spoke on providing the new lower notes were available..... Soon after CBI governor Shabbibi was in Japan at the issd meeting (this was noted a attending a convention)..... IMO from research and info this is where the MAGIC happens... Maliki placed the warrant for Shabibi while he was in Japan never to return to Iraq again... So what is happening now is very interesting..!!! 6-29-2019 Newshound Guru G-Lin ...The IMF Art. IV report is due out in July. It should give some good info. 6-29-2019 Intel Guru Footforward People keep asking when the dinar will revalue. I keep hearing over and over it's time. Be hopeful. Now is not a time to be cynical. 6-29-2019 Newshound/Intel Guru Mnt Goat So parliament is now into their 2nd legislative term. Didn’t they tell us they wanted to complete the project to delete the zeros during the current or 1st legislative term? Here we sit with still no reinstatement. But remember this is not a simple process of flipping a switch and so it may still very well be in the making soon. Just relax and let’s see what happens in the coming week.
  18. 6-28-2019 Newshound Guru Breitling ...When I first got into this investment from the reports I got...I thought it was going to revalue at 12 cents. That was the highest it was going to go. This was in the very very early stages. So that's how I bought my dinar based on that. Then later on down the road they started saying hey, "we want it to come in at $1.18. Eventually we want it at $3.25." Understanding in my mind that it's going to be a process that it's not gonna be boom its gonna revalue. They specifically said it's going to be a process. I believed in it and I still do believe in it... 6-27-2019 Intel Guru Frank26 Article: "Vietnam : Positive economic climate attracts businesses" ...WHAT TRUMP DID WITH CHINA AND IRAQ (MONSTER OIL DEAL)...OPENED...THE DOOR TO VIETNAM'S DONG BIG TIME... BRILLIANT!
  19. 6-27-2019 *** Dinar News Flash *** PM Mahdi sent a new name for the Minister of Education to be voted on by parliament . Unfortunately, this person was denied. This means the government is still not officially formed. What's not completely clear at this point is whether Mahdi included a name to parliament for a permanent Central Bank of Iraq governor. The name being reported is Ali Abdul Allawi. There was intel about a possible change at the CBI several months back...now it appears a change may be near. 6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT. 6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source. 6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal... 6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education" *****
  20. 6-27-2019 *** Dinar News Flash *** PM Mahdi sent a new name for the Minister of Education to be voted on by parliament . Unfortunately, this person was denied. This means the government is still not officially formed. What's not completely clear at this point is whether Mahdi included a name to parliament for a permanent Central Bank of Iraq governor. The name being reported is Ali Abdul Allawi. There was intel about a possible change at the CBI several months back...now it appears a change may be near. 6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT. 6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source. 6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal... 6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education"
  21. 6-26-2019 Newshound Guru Adam Montana ...This time of year has historically been big for Iraq. Monumental items like Chapter 7 unfolded in late June, and there's another important event right around the corner: The G20 Summit. Quote: "The Group of Twenty (G20) is a global forum comprised of twenty of the world’s largest economies, focused on addressing global economic challenges. Its membership includes nineteen countries—Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States—and the European Union." You probably noticed that Iraq is not on the list. In that case, it might not be immediately obvious why this even matters to us, so I'll explain a small part of it...(post 1 of 2)... 6-26-2019 Newshound Guru Adam Montana Even though Iraq isn't technically "present", it's not difficult to understand that anytime oil, money, gold or gifts leave Iraq - they are touched by one or more of those major players listed above. For Iraq to be successful in raising the value of their currency, they need to be able to operate their business, and the G20 Summit will have an effect on how the global money game is played for the next year. Once the Summit has concluded, Iraq may change their tactics slightly, but most importantly they will be free to make a decision and act accordingly. It's a big deal, and it's good. So although I don't expect an RV announcement to be made at the Summit, or directly because of the Summit, I do think it's reasonable to expect some actions after the summit...(Post 2 of 2)... You can read Adams whole Chat in Chat Logs: Adam Montana Weekly 26 June 2019 6-26-2019 Intel Guru Eagleone2025 [via PDK] ...CALLED MY HSBC CONTACT...HE SAID THEY WANTED TO GET THIS DONE IN THE NEXT FEW DAYS...G-20 SHOULD UNFOLD A LOT... ALL THINGS ARE MOVING ALONG GOOD… MEETINGS THIS WEEK HAS GONE WELL… ALOT OF GOOD INTEL OUT THERE… ALL WE CAN HOPE FOR THAT THE TOP FOLLOWS THROUGH SO WE CAN GET THIS RV DONE…MILITARY CONTACTS AND WH HAVE SAID THAT MOVEMENT ON THIS WHOLE THING IS REALLY GOING TO MOVE VERY FAST VERY SOON…REMEMBER THIS IS A DAY BY DAY PROCESS…. MY CONTACTS OUR [ARE ?] SAYING THIS IS MOVING ALONG VERY GOOD. (This is made up BS imo..!) 6-26-2019 Newshound Guru Breitling ...Iran and currency and Iraq being a backdoor advantage...is specifically because of the U.S. dollar. So if Iran is cut off from the US dollar market wise they could probably funnel some US dollars or use U.S. dollars through Iraq. But that is being shut off. Iraq can see the light and they're pivoting. This is crystal clear what is happening. They might even support Iran and have empathy toward Iran but they know who's going to win at this. They know the result and they don't want any part of the losing team at all. So it's kind of a hard pivot...It's kind of amazing. You can see it in the news. You can see what they are doing through the GCC. Through all the stuff that's coming down the road...
  22. 6-25-2019 **** Dinar News Update **** Iraq's parliament approved the Defense, Interior and Justice ministers earlier today. This is a major milestone but the government remains incomplete as they rejected the nomination of the Education Minister left vacant by a resignation. Its reported the remaining minister will be voted on in the "coming days". The gurus will be commenting as the day progresses...!!!
  23. 6-24-2019 **** Dinar News Update **** Iraq's parliament approved the Defense, Interior and Justice ministers earlier today. This is a major milestone but the government remains incomplete as they rejected the nomination of the Education Minister left vacant by a resignation. Its reported the remaining minister will be voted on in the "coming days". Stay tuned as the guru's chime in on what impact seating these major positions could have on the dinar and the implications of the one remaining seat... 6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths. 6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
  24. 6-25-2019 **** Dinar News Update **** Iraq's parliament approved the Defense, Interior and Justice ministers earlier today. This is a major milestone but the government remains incomplete as they rejected the nomination of the Education Minister left vacant by a resignation. Its reported the remaining minister will be voted on in the "coming days". REPOSTED 6-25-2019 Newshound Guru larrykn ...the cbi and the government are to different entity but they do work with each other, my thinking of them moving forward was that until today they had not seated their government and unless they did so I can't see them moving to doing anything with their currency, now that they have I like to see the laws needed getting done, like the Investment laws and others. I hope to see that done soon. It finally looks like they are going in the right direction. 6-25-2019 Newshound Guru MilitiaMan ...the G-20 on the 28th - 29th...Many of the largest holders of Dinar will be at that meeting. USA, Britain, Canada, Australia, etc.. Be kinda silly for them to show up with no rate in hand to discuss the future of the world. When after they leave the world changes from a reinstatement of their holdings? It would be a waste of time, as the world will change once this goes live... Is suspect a load of high fives will be more likely the case... This thinking of ours has been brought to me by some very special people! It is very good thinking that supports and RI, sooner than later. So, the word I got since was that Tues - Weds may be still a plan of intention, as they only delayed the timing from last window. I am going to ask to get more clarification if possible... I am stoked be sure... 6-25-2019 Intel/Newshound Guru sandyf ...the CBI and the Government are completely different entities from one another. The CBI is the one who is responsible for the currency and can change the rate not the Iraqi Government. A central bank is only responsible for the currency, a government is responsible for the monetary unit, of course you would need to understand the difference.
  25. 6-23-2019 Newshound Guru MilitiaMan Article: "Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)" Quote: "A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq." They signed the Deal with the Indian Firm now the CBI says this... Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out...(post 1 of 2)... 6-23-2019 Newshound Guru MilitiaMan Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade...Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit. The GOI institutes the CBI, yet the CBI is independent. So once Ministers are seated then Alak can talk!!..imo. Sure looks exciting imo...(post 2 of 2] )... 6-23-2019 Newshound Guru Adam Montana [Q? : I came to the conclusion that the tax code is just not clear about this RV situation. ...That's why some CPAs believe it will be Cap Gains, and others are just as sure it's Ordinary Income.] I do still agree with that, and there's only one way that's going to change - if/when the IRS gets around to clarifying it, as it relates specifically to the Dinar/this situation. Unfortunately, they can clarify it pretty quickly... certainly in the same tax year as the RV is announced, and I'm betting it won't be in our favor. If at all possible, I would love to claim Cap gains. The unfortunate reality is that we may not have that option, especially after the rules are changed retroactively on us. I am hoping for the best but prepared and protected against the worst in regards to taxation. [check with your tax professional at the appropriate time] 6-23-2019 Intel Guru RayRen98 The Ministers of Defense Interior have been announced this morning. PM Mahdi is stating on Iraqi TV that "Parliament will confirm the remaining cabinet positions." This will complete his administration selections. [Maybe now the CBI can take care of business since the government was finalized?] 6-23-2019 Intel Guru Delta Article quote: "...Prime Minister Adel Abdul Mahdi confirmed to him will send the names of candidates to parliament this week." ...THE DELAY WAS FROM THE GOV NOT PARLIAMENT… MAHDI IS DOING LAST AUDIT ON CANDIDATES ...IT WILL GET DONE THIS WEEK...BUT AFTER CBI MOVE LAST WEEK...WE DON'T HAVE TO WORRY ANYMORE...CBI IS MOVING FORWARD...NO MATTER WHAT HAPPEN...ONE WAY STREET...NO WAY BACK... 6-23-2019 Newshound Guru MilitiaMan Article: "Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support" Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance...the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!
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