5-8-2014 Intel Guru Angelquest [any chance we will be done by June 5?] WE can hope but much being processed. [do you see this going to the 15th?] that is a good date but a lot needs to happen by then. [has iraq grown enough to support a rate any where close to an r/i ?] Yes they have and well beyond.
5-8-2014 Intel Guru MarkZ [Where do you feel we stand on the HCL agreement and article 140?] I think it is already done and we will see the 'announcements' shortly. [Do you feel the HCL agreement is more important than article 140 or they hold the same importance?] same in my book. [Forex banker says everything agreed upon today and it should go down today yet...Scale of 1 to 10. Chances?] 5 today but much higher tomorrow IMO. Weekends make the logistics much easier. That is only an educated opinion though.
5-8-2014 Newshound Guru Tlar We should get what ultimately will be definitive results on a preliminary release from the Election Committee on Monday. There was a 70% turnout of eligible voters in Abar and a 77% turned out in Basra. Iran who tried to once again get Iraq to pick Maliki for a third term by pressuring the blocks last week to back him has found that their push has fallen on deaf ears.
5-8-2014 Newshound Guru Adam Montana [...what else Iraq is waiting on to finally declare a new rate for their currency. Iraq was released from Chapter 7 last June. We thought once we got into 2014 something would happen.] Chapter 7 was a major hurdle and that is cleared. We're simply waiting for the elections to be finalized, an HCL resolution, and an RV!
5-8-2014 Intel/Newshound Guru Poppy3 I HAVE BEEN TOLD TODAY SOME FACTIONS ARE TRYING TO HOLD THE CBI AND IMF UP IN THE RELEASE. I DON'T THINK AT THIS POINT THEY WILL BE SUCCESSFUL ACORDING TO THE SOURCES THAT GAVE ME THE INFORMATION THAT IT CAN POP UP AT ANYTIME NOW.
5-8-2014 Newshound Guru Tlar The first article indicated they were waiting on the GOVERNMENT ELECTIONS TO BE SETTLED. It also said WE ARE READY to delete the zeroes. He also said that it is imperative that Iraq be prepared BEFORE HAND (not a float) to change the accounting systems in Iraq. The second article from Turki stated WE ARE READY and WE WILL DO THIS BY THE MIDDLE OF THIS YEAR. Next week should be a good week. If as expected Maliki is out, we should see movement fast...we ARE close. [post 2 of 2]
5-8-2014 Newshound Guru Tlar There is a move a foot to get the budget passed by next week. The stopper we know is the Kurds but once the votes come in next week it is my opinion that the present parliament will negotiate, read and vote on the budget quickly. Since Friday Turki has talked to the press now twice. What he stated is astronomical to me for a guy who has said virtually nothing about this project for so long. [post 1 of 2....stay tuned]
5-8-2014 Intel Guru TD First of all there has been NO RI or any rates appearing at "select countries" or banks. Second, a new government will be formed (without Maliki) shortly after May 26th. 3rd) Turki is staying on no matter what and the CBI has agenda items to rollout in June. One can only hope that currency reform in some form or another is on the list...
5-8-2014 Intel Guru MarkZ [is it time 4 rv now?] I am looking for it soon! [do you feel the rate will come out at 1-1 or will the rate be the prewar rate of 3.22 plus inflation?] I have been cautioned against giving any kind of rate. I expect higher than a dollar though. [are rates still showing on the bank screens?] Three bankers I spoke with today said yes, Two said no. 4 different banks total. [do you think this will occur early mornings or in the day est time?] early morning is easier logistically.
5-8-2014 Newshound Guru Adam Montana [...news article states they are inviting parliament members to work on the budget in the next 2 days. The article was dated 5 May. Other news articles state working on the budget in the next month. ...opinion?] My opinion is that it needs to be done soon, they want it to be done soon, but it's probably going to be a little late. Anytime they say "2 days" I automatically adjust to "1 week". : )
5-8-2014 Newshound Guru Stryker All road maps seem to be leading to economic reform and a major change in the monetary structure of the Iraqi dinar but keep in mind that it is Iraq we are dealing with and anything can happen to change this course. Where I believe there is a well-defined plan in place, some great leaders to see it through and some solid coalitions in agreement to get them there I urge everyone to be casually optimistic but if what I point out here day comes to true we will be having an early July RVQ [RV?].
5-8-2-14 Intel Guru MarkZ [Who is ultimately responsible for the approval and final release of a currency release to the international community? IMF, Iraq, US, someone else?] As I understand it the IMF will release it to regional level and once the controller of the north american banking block pulls the trigger then the world will acknowledge the reset. [today someone indicated WF was showing dinar, Zim, VND, rupiah at the screens on hold..your thoughts?] Highly likely, I spoke with some other bankers that said they had a rate showing. [what is the end date for this to go? Is it this month?] I believe it to be this month. [vnd, zim, rupiah all with dinar?] I am looking for them at the same time.
5-8-2-14 Intel Guru MarkZ Iraq is supposed to release it's budget tomorrow [Thursday] which we expect to hold the new rate. [what proof do we have the there was actually an RI in Iraq? And, if there was an RI how long can it go one until an rv is triggered for us in the US?] Multiple confirmations on RI. The problem is a country can RI or even rv internally and the rest of the world does not have to acknowledge it. Especially when the currency is not internationally recognized. The key here is for the IQD to become an internationally recognized currency and then the RI or rv surfaces everywhere. [post 1 of 2....stay tuned]
5-7-2014 Intel/Newshound Guru Poppy3 I REPORTED LAST EVENING...THAT I AM GETTING DETAILS FROM SOLID SOURCES THAT A MOVE IS IN PROCESS AND THE TARGET IS FOR THIS WEEK TO GET IT DONE. THEY HAVE NOW TOLD ME THIS 4 DIFFERENT TIMES FROM 4 SEPARATE SOURCES.
5-7-2014 Newshound Guru Millionday lately we have seen so many announcements about the activation of the economic reforms...we are wondering when they are going to quit talking and make a move...lets look at what has been said. the IMF has ordered publicly that CBI needs to set the rate for the USD - now we know that the USD is the world currency and the comparable happens internationally...it is seen on the CBI site at the bottom at this time - the Swift codes have been set and include exchange houses...yesterday -- Turki made an announcement that he was going to move forward with all economic reforms – publicly...Turki also stated that he was moving forward with or without the budget set...they have hired someone from the UN that is working to get them to an active status quicker than they normally would be able to do so the economy can recover quicker. Iraq is coming to the globe and making all the moves and announcements we would expect...
5-7-2014 Intel Guru TNT Tony [via Adept1] At this moment, we are at a very sensitive position, so we have to be careful in what we are going to say. I’m telling you that upfront. I’m excited...We are now on the ½” line...the button just needs to be pushed to let it go. It’s just about notification. The RI itself has been declared and accepted; there is no turning back from that. [Do you believe the dong will go at the same time?] There is a strong possibility, and also it may not. Six months ago, even three months ago it was definite; now, we’ll just have to see.
5-7-2014 Newshound Guru Adam Montana [How can they raise the value of the Dinar, when they don't have low enough value coins too make change?] The answer is pretty simple - they use USD as well as IQD. If they decided to increase the value to a point where there isn't IQD available to make change, they would substitute USD instead. I'm confident that when they do raise the value, they will be focused on flooding the market with lower denoms and also pulling the larger ones out. It shouldn't be a difficult transition.
5-7-2014 Intel Guru Okie_Oil_Man MY SOURCE'S FROM LAST NIGHT REPORTING WE ARE ON THE HIGHEST ALERT JUST RE-STATED THE SAME INFORMATION.
5-7-2014 Intel Guru Frank26 AGAIN today within the articles of the SBS they are lacking in subtle attitudes. They are TELLING us and soon will SHOW us ...An International Rate.
5-7-2014 Intel Guru Mnt Goat the reinstatement does not really matter in the eyes of who is really controlling the rollout. It was an attempt by the IMF and Iraq to bypass the USA in this process but without any success...the new rates are at the banks! All we need is one simple word – GO – and it is done. We will see the long awaited revaluation of the IQD (Iraq’s currency). I will tell you now it is the plan of the USA not to rollout a reinstatement rate but to come out with a revaluation rate sometime. I have heard it could even be as long as mid June 2014. But this is only a date thrown out to us as any date since in their real intention they have to end date. They will attempt to keep stalling the reinstatement with more excuses...
5-7-2014 Intel Guru TNT Tony Lots of good info yesterday and today. Things are in our favor right now.
5-7-2014 Newshound Guru Adam Montana ...we are simply in a holding pattern right now. The good news is that Iraq has reported all 165,000 “remote” votes have been accounted for and it is reported that they should be entered within the next couple days. In some MAJOR news, Iraq is finally allowing 3G to enter the arena…hopefully in preparation for a massive need for updated communication systems! And the holding pattern continues… but with any luck, we’re looking for strong news this week or early next.
5-7-2014 Intel/Newshound Guru Poppy3 I got a call and he told me they are trying to move things forward no matter what the political situation. We could see this RV at any time in the next few days, he mentioned hours. This may be a rumor but he is in a position to have some good information. I know they are working to get this done. We are in a great postion.
5-7-2014 Newshound/Intel Guru BGG I think the tides have shifted a little bit. I think it could happen at any time...it has not RI'ed by the way, not going to do that. But, they are going to do something. I don't know what it is and I don't know when it is, but I believe sooner rather than later. The bottom line is we don't even have to worry about the rate...let's just get this party started.
5-7-2014 Intel Guru Hub ...i have a good contact that says he thinks this is a very good couple of days. we shall see.
5-7-2014 Intel/Newshound Guru Poppy3 I CAN'T DIVULGE THE DIRECT INFORMATION OR WHERE IT CAME FROM BUT HEARING THE NEXT 48 HOURS COULD PROVE TO BE AWESOME FOR US. BEING TOLD THIS CAN BE DONE REGARDLESS OF ANY POLITICAL SITUATION. THEY WANT THIS NOW NOT LATER. THE QUESTION IS CAN THEY DO IT BEFORE THE POLITICAL
SITUATION CAN FIND SOME WAY TO STOP THE PROCESS. TIME WILL TELL.
5-7-2014 Intel Guru WILDDUCK PULL YOUR CHIN STRAP TIGHT ON YOUR HELMET. STAY CALM AND OH YEAH YOU MIGHT WANT TO GET YOUR TRACK SHOES AT THE READY. [any thing more on RI in spain, australia etc.?] THE SPAIN INTEL IS MINE... AND PROOF OF ACCEPTANCE, IMO REAL AS THE SUN THIS MORNING AND WAS AND IS A GAME CHANGER THAT YOU ARE SEEING UNFOLD BEFORE YOUR EYES...IT IS PROOF OF AN RI NOT A PAYDAY.
5-6-2014 Newshound Guru Millionday Article quote: "the Central Bank of Iraq is a sponsor and an observer of the banks operating in Iraq. And the project to delete the zeros of the central bank governor said that the new measures will be there by the middle of this year, the bank raised about the new currency and the deletion of zeros, indicating that the bank has a very large mass of cash." so the process of the citizens not having available to them the three zero currency is going to be done by the middle of the year --- so they will have to gain confidence in the banks...
5-6-2014 Intel Guru Okie_Oil_Man I AM NOT PERMITTED TO STATE DETAILS BUT WE ARE ON RED-ALERT--(DEFCON2)--WILL ELABORATE WHEN PERMITTED.
5-6-2014 Newshound Guru Millionday [So possibly we could see this by this weekend?] we could see this at anytime - the announcement was a public one. [we can see it at any time AFTER budget passed correct?] no we could see it at anytime at all. i have read from all the sources i trust that this parliament will be passing the budget within days -- this report states two and they have also stated that it is the only thing they are doing and began yesterday with meetings on it and are now stating they are voting it through. [when was the public IMF announcement?] the announcement meaning both the CBI on the banking and the setting of the rates was done...MONDAY... no rate given...in ink.
5-6-2014 Intel Guru MarkZ [we wont have to wait till july will we?] As I see it, heck no to July. [is the RI really live in spain?] I can't comment on Spain because I do not have contacts there. The rates were showing over the weekend and yesterday at a bank in London where I have a contact and also in Dubai where I have a contact. My Hong Kong contact never responded so I am unsure about there.
5-6-2014 Newshound Guru Millionday so what we have is the order from the IMF to set the rates external -- this means the USD so the rates for foreign exchange can reflect them...this is fantastic news. [If the dinar is against the dollar does that mean a 1-1 rate?] no --- they will set the reality rate as it calculates...they have told them to do this now -- whatever that means as we have learned...however they have stated the steps that they needed to make to get to this point are done. [post 2 of 2]
5-6-2014 Newshound Guru Millionday "where the Bulletin of the IMF delegation during their visit to Iraq recently and within this context has succeeded Central also in the collection of reserves at a high level of foreign exchange, so it is fixing the exchange rate of the Iraqi dinar against the dollar the U.S. ordered appropriate and required at the current stage." they have been ordered to set the exchange rate to the usd... [post 1 of 2....stay tuned]
5-6-2014 Intel Guru Jester [I still have not seen a RI in any news other than Dinarland, yet they are all so sure it happened. What's up with that?] WELL I BELIEVE THAT IS EXACTLY WHERE THAT MYTHICAL CREATURE EXISTS...IF THERE WAS SOME REAL NEWS IT WOULD BE IN THE REAL NEWS... THAT WOULD BE WAY TOO BIG OF AN ANNOUNCEMENT FOR THE BIGGIES TO MISS.
5-6-2014 Intel/Newshound Guru American Contractor The new Iraq banknotes that have been recently announced by the Central Bank of Iraq have yet to hit the streets of Baghdad. Currently, there is no evidence of any new Iraq currency banknotes with the enhanced security features in circulation. [Aren’t they going in the wrong direction by printing larger denominations?] The Central Bank is going to do whatever it takes to protect the value of the Iraq dinar and keep the stability of the purchasing power. The Iraq government is fighting a conflict in the Anbar province and costing millions per day. The inflation is creeping up and the Central Bank is trying to keep a handle on the inflation which it is at the moment.
5-6-2014 Newshound Guru Tlar I haven’t said anything like this ever and yes I believe what I heard today. What I heard today, while being sworn to secrecy compels me to share with you guys. We will all be surprised with what’s coming, especially me. I would never have believed it if it had not come from someone I know personally, has the credentials and is not a rumor monger or bull-shitter. I respect this person. So here it is. Sometime in the next two months this will be over. The dinar will revalue and the truth will be known to all. I can’t say more but I was wrong on the value. It is more than delete the zeros, or 86 cents...I am sure its done. This could happen at anytime from this weekend through the next 60 days… It’s done. I was a fool in trying to figure this out numerically. It is more than I thought.
5-6-2014 Intel Guru DC Frankly, things look immensely close, and we don’t want to risk putting out some information and then people use that as an excuse to delay this even longer. Everyone’s in lockdown, ready to go, and we’re not going to be the guys to mess that up. Things are extremely geared up and looking immensely positive. The IMF and UST are on lockdown. Everything has been done and we are waiting for execution now.
5-5-2014 Intel Guru TNT Tony [via Adept1] We know things are going on behind closed doors from people involved in the process. I feel very good about it, and the RV can happen any moment. We are still in a super-fantastic place. We have an RI...and there has been no attempt to rescind it because it’s already been signed off... we are down to the last minute...it’s just about announcing it...
5-5-2014 Intel/Newshound Guru American Contractor There have been reports that the Prime Minister, Nuri Maliki departed Iraq and went to Iran. This is not true, PM Maliki has remained in Iraq to coordinate and organize the next Iraq government.
5-5-2014 Intel Guru WILDDUCK ...THE RI DID OCCUR...THEY FIXED THE GLITCH PROBLEM...THE RI WAS RECOGNIZED AROUND THE WORLD LAST WEEK AND ONE OF MY VERY GOOD PROVIDERS...TEXTED ME THAT IT RI IN SPAIN TODAY. IT IS NOW A TRADABLE CURRENCY AND 10 DAYS FROM THE EVENT SO GOING TO BE REAL HARD TO NOT SEE IT NOW. IMO TIMING OF THE EVENT SO WE SHALL SEE WHAT THE WIND UP IS AS THE DAY ROLLS. [is the range of ri 3.00?] IMO PLUS APPRECIATION...THE 3.22 IS THE LAST GOOD NUMBER WHEN THEY CRUSHED DURING THE WAR, SO THAT IS THE START RATE.
5-5-2014 Intel Guru Mnt Goat From everything I am hearing I fully expect to see the final completion of the process this week and all of us be at the banks and exchanged.
5-5-2014 Intel Guru Delta FROM IRAQIA TV: CBI WILL TAKE NEW MEASURES BY MIDDLE OF THIS YEAR TO INTRODUCE NEW CURRENCY (LDS) AND DELETE THE ZEROS.
5-5-2014 Intel Guru MarkZ ...I feel more than confident that this is our month no matter what.
5-5-2014 Newshound Guru Shredd for me, the part of the current picture that is unknown for how long it will continue is the usage of the USD but it makes sense we don't know this because knowing the plan around the usage of the USD would tell us the plan of the dinar denominationally speaking, the Iraqi economy needs reliable and practical currency notes and for now, Iraq continues to be a dual currency country something the IMF wants them to get out of. I really look at all of these preparations as fact that a monetary change is coming soon. [part 2 of 2]
5-5-2014 Newshound Guru Shredd [Shredd how does a country grow the gdp last year to around 13% and still have a rate at 1166?] that is the nature of a managed float, it's not reflective of what the rate can and should be...it's all about timing to CBI. [does that mean they can...keep the rate at 1166 for a long time?] they have to mitigate counterfeiting, ensure banking laws are in place, launch the removal of the large notes, release the mid and (eventually) the smalls, they need to be fully compliant with the IMF...technically, sure but it's quite obvious they have been building and planning otherwise...if the plan was to stay at 1166 for a while longer, the CBI would be releasing new 000 notes but tons of articles are saying the middle notes. [post 1 of 2....stay tuned]
5-5-2014 Intel/Newshound Guru American Contractor The official election results will not be published before the 25th of May. Iraq political groups will attempt to publish results however, it is the Iraq Electoral Commission who has the final say.
5-5-2014 Newshound Guru Kaperoni Article: "Commission: We will announce the preliminary results of the elections after the "25" of May" Pretty clearly stated after the 25th. Sit tight and relax.
