ronscarpa Posted September 11, 2019 Report Share Posted September 11, 2019 9-10-2019 Newshound/Intel Guru BGG Article: "Central Bank announces strategic banking projects for the next five years" Quote: "...the success of the Central Bank’s policy in achieving an important transition to the Iraqi economy and achieve stability in the exchange rate and the recovery of the Iraqi dinar and raise its purchasing power, one of the objectives of strengthening the economy..." CBI MAKES BIG BIG ANNOUNCEMENT… GETTING READY FOR THE “RECOVERY” OF THE DINAR TO IT’S FORMER WEALTH!! 9-10-2019 Newshound Guru Breitling Why do you feel so good about what's going on? It's because the people who put this together they're moving this forward - that's why. The language that they used at the beginning, 'We are going to start adding value to our currency and we want to participate in certain markets.' You're watching it literally happen before your very eyes... 9-10-2019 Intel Guru Frank ...the introduction of the description and pictures of the new small category notes and the coins, which in reality are called visual aids (there will be videos too)...IMO...will be be out before the end of this month of September...Part II: ...the satellite private banks information that they would be opening in the next two weeks: We got this information from our teams that were at the meetings with the CBI and approximated two weeks. That would still leave us 1 week left in the month of September...the description [of small notes & coins] is coming out IMO in two weeks. After that if they raise the value they can put the small category notes and coins in the hands of the citizens and they can open the 'satellite' banks...the three things need to come together...1, 2, 3... 9-10-2019 Newshound Guru Kaperoni ...there have been many discussions about a float over the years from the CBI, and economic experts in Iraq...Floating the currency is not some arbitrary or random event it precedes pressure created on their financial system otherwise the repercussions could be bad for the country...if significant investment is going to come into Iraq as expected it's going to create pressure. There has to be a mechanism in place just prior to relieve that pressure. That mechanism is a float...If you do not have a mechanism in place, the monetary stability in the country will be thrown completely out of whack. And the CBI could lose control over the currency as inflation skyrockets as a result...precautions need to be in place and tools are used to maintain the stability 9-10-2019 Newshound Guru Jeff I feel the formation of the government is secretly done. Just waiting to be announced. It has to be announced no matter what...the definite ones that have to be fulfilled right now are the Education Minister and the three remaining Vice Presidents...which they're doing this coming Saturday is what they've told us in the latest news... 9-10-2019 Newshound/Intel Guru Mnt Goat We are now hearing yet more international organizations getting involved with Iraq. Even the oil minister has stated Iraq is ripe for international investors. Really? Now even China...is stepping up and announces its willingness to invest in Iraq. This could lead to an economic revolution within Iraq. How can they survive and transfer funds to and from Iraq with this currency auction still in place? Do they want to mess with these 3 zeros? Don’t they want a normalized and simplified currency denominations to work with? The answers are Yes and Yes and they have already told Iraq this is the case. This is why the finance committee is pushing the CBI to complete the project to delete the zeros. 2 2 5 Quote Link to comment Share on other sites More sharing options...
adhoc10 Posted September 11, 2019 Report Share Posted September 11, 2019 (edited) 10 minutes ago, ronscarpa said: CBI MAKES BIG BIG ANNOUNCEMENT… GETTING READY FOR THE “RECOVERY” OF THE DINAR TO IT’S FORMER WEALTH!! Thanks Ron, I look forward to your guru recaps and you got the day and date right today I give you two thumbs up on todays post. Edited September 11, 2019 by adhoc10 2 1 Quote Link to comment Share on other sites More sharing options...
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