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Delta - We Could See (The RV) Within The Next 2 Weeks !


DinarThug
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CNN. The Clown News Network - Also Available For Birthday Party's !

2-18-2014 Newshound Guru Millionday Quote: "A source of (time ) yesterday ( that the meeting discussed the instructions for the sale and purchase of foreign currencies that have been working out from last Sunday, he said ( banks expressed their willingness to implement the instructions to enhance the value of the Iraqi dinar against foreign currencies..." this was sent to me and it is also paired with formal orders by the Governor of CBI , Turki. this is the call for the reality rate to be applied by all the banks -- they have to do the steps they have been given and this is the formal order for them to begin that process...

2-18-2014 Newshound Guru Millionday this was to begin yesterday...they have to comply due to the banking laws...no timeline given of how long it will take or how many steps but the beginning would seem to be the raising of the rate against foreign currencies and the call will come that they are to exchange for redenomination as well.

2-18-2014 Intel Guru Frank26 [via anonymous] we are witnessing a lot of activity and the banks are happy…the 3 zero notes have all been pulled in and now the CBI needs to release the new rate or return the dinars to the banks.

2-18-2014 Intel Guru Delta [via anonymous] [(Can) the OMO can work without a rate?] no, the IMF did two Article 4 reveiws of Iraq. The next Article 4 review for the GOI is in March and they have to move to Open Market Operations before the March Article 4 review. The OMO cannot operate without a new rate and something needs to happen quickly. there is terrific pressure on the CBI and this week should see some exciting events over the next 2 weeks, we may see the rate start low...(.30 cents) and rise over the next couple weeks to $1.17 or whatever rate they have in mind.

2-18-2014 Intel Guru Delta The CBI has no choice or time left…almost all the IQD has been pulled off the street...Kurdistan needs to have money to operate...do not be disturbed to see a rate of .10 or .30 and don’t worry because the value will come up...no one knows the date or rate, but the articles from the CBI are showing the rate must come out soon, and the currency announced to the world. we could see the new rate come out any day and any time of day within the next 2 weeks. This is an exciting time for us all!

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It's another far-off goal. 

When a prediction date has been reached and nothing happens, it's always "it should've happened last night, golly gee I don't know what happened..."
OR someone else picks up the ball and posts another date out in the future.

If everything is DONE DONE DONE and there's a glitch, that should be fixed in 48 hours and then we see something, right? RIGHT?!

 

Well that's what "gurus" have been feeding us and it just seems like just a little thing in the way that needs to be cleared up and then all is OK.

This website has been nothing but a venting area for a lot of us, but at the same time I hope some newbies get a whiff of the stench of the pile of miscalls and lies and get grounded.

 

The fact is that IT IS STILL IN IRAQ'S HANDS. If it was not, we would have a major rate change or redenomination by now.

 

DO NOT TAKE STOCK IN ANY GURU SPEW.

EVERYTHING IS A LIE UNTIL WE EXCHANGE.

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DT and Crowd, I hope you are right, I really do. I am so ready as is everyone for an RV.. Below is an article , with a link that points to another giant step in the right direction towards an increase in value of the IQD; unfortunately not until possibly June 2014 or a little later. Maybe it will increase in value once the Iraqi Federal Budget for 2014 is passed, if they actually included a date and rate in this budget. Then there is the CBI concern about the counterfitability of the IQD that apparently needs to be worked out before a increase in value for the IQD.

 

 

Capital Banking Solutions to Supply Sumer Bank

Posted by Iraq News Journal on Feb 14, 2014 | Leave a Comment

Thursday, February 13 2014

Capital Banking Solutions, a provider of end-to-end banking software for retail, corporate, private and Islamic banks, has announced that Sumer Commercial Bank has selected CapitalBanker as its core banking system to be implemented in over 10 branches throughout 2014.

With Sumer Commercial Bank as the 5th Iraqi bank to sign with Capital Banking Solutions, Capital Banking is now a front-runner in the local market.

The agreement was facilitated by Middle East Systems and Software Company (MESSC), Capital Banking Solutions’ Iraqi partner and distributor specializing in the implementation of IT solutions for Banking and Financial Services.

Mr. Ahmad F. J. Al-Mukhtar, CEO of MESSC, said:
“With Sumer Commercial Bank’s growth plans to open up two new branches it was essential they had a solution that would empower them to be more flexible and efficient.
“Having implemented CapitalBanker at several banks, we felt that the robust product in combination with our local expertise, was the ideal solution to enable Sumer Commercial Bank to meet their business goals.”

Mr. Fouad Hamza Al-Saeed, General Manager at Sumer Commercial Bank, said:“Servicing over 10,000 investment banking clients, our goal is to centralize information about the customer and continue to evolve our services in accordance with new banking advancements and standards such as internet banking, mobile banking and government regulations.“With limited resources it was important to replace our internal system with one proven in the Iraqi market. By deploying CapitalBanker in June 2014, we will gain a fully hosted, flexible solution with end-to-end bank automation capabilities, reduce operational costs by eliminating manual processes, and mitigate risk by keeping current with government regulations.”

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Thanks for the post...

 

I'd be ecstatic if this were to play out. However, it doesn't take a single brain cell to know that since this is coming from a guru who has been around for awhile calling all kind of things that have to date NOT taken pace then this probably won't either.

 

 

 

 

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