July 24, 2014

Euro under extreme pressure; seen at 1.34 against US dollar

Euro under extreme pressure; seen at 1.34 against US dollar

Economic Times – 4 hours ago

STERLING/DOLLAR: "We've seen the pound continue to drift lower as it heads towards trend line support from the $1.4800 lows last year, which currently comes in at $1.6995.

Kiwi sinks as central bank signals rate halt, China PMI lifts Aussie – Reuters
Euro recovers from 8-month low on upbeat euro zone business surveys – Reuters UK

Don't be shellfish...

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Latest Dinar Guru News

1-31-2018   Newshound/Intel Guru Mnt Goat   I am still being told we will see the RV maybe sometime today as the day is not yet over. Personally I don’t see how this may be possible since the CBI just told us the Rafidian bank has a target not even to begin to pay the January pensions and retirements until Feb 1st. So if I were you I would not expect it anything until at least next week. We know these debts must be all caught before the RV can be moved to the next level.

1-31-2018   Newshound Guru Adam Montana   Not sure if anyone noticed, but this has been a great week for Dinar. I know, the price didn't move. We're not at our "Post RV" destination right now, and that's a bummer for some people. But let's get real... back to the basics. Did you see anything BAD about IQD this week? I didn't think so. How many weeks in a row is it possible that I can say that? More importantly... how many weeks in a row can that be said without something breaking?!!   We're close. It's only a matter of time, a practice in patience, and some sweet sweet victory soon...It's going to happen, and no amount of analyzation or hypothesizing on my part will change it.

1-31-2018   Newshound Guru chattels  A red letter day in Iraqi banking reform.   Article: "Central Bank: Signing a contract to establish a deposit guarantee company with 44 banks"   Quotes:   "It is expected that this company will play a major role in protecting the banking sector..."  "the company's capital is 100 billion dinars, of which 55 billion dinars from government and private banks where the proportion of government banks 25% and private banks 30% and the remaining 45 billion dinars will be put for public subscription." [This is good news. Am I reading this right that the Deposit Insurance program's funding is $84 million dollars, or 100 billion dollars?]   My read on the text is that it is 100 billion dinar (or 84 million dollars ?), of which 55 billion or 55 % is from the government (30%) and private banks (25%) and the remaining 45 billion (45%) will be sold to the public.

1-31-2018   Intel Guru Bruce ...I am very pleased the community...and myself finally are seeing the rates coming together at about the same level... rates much higher in most cases...That took awhile for that to happen... ...our contact in Iraq, one of our contacts, is saying that he needs to be completely silent tomorrow [Wednesday]... I wonder if that might be or could be they may use that time of silence to put out the rate and actually make it publicly known. That is what I hope will take place. That is something that we heard about and we know will be the case, and we are excited about seeing that.   [post 2 of 2]

1-31-2018   Intel Guru Bruce   First of all we are very close. We are so close that the Intel that we normally get is very light. There have been some Table Top meetings that have gone on in major cities in Europe and the US... We know there is a lot to give us hope that this is the very end of the ride. We are almost at the end of the month. We could expect some great things here very shortly. I know when it comes to rates...We have bank sources and people that are seeing the screens. I am excited... [post 1 of 2....stay tuned]

1-31-2018   Intel Guru Dr. Clarke   Could the CBI actually print Publicly, on it’s website, a Dinar Rate of at least $1.00 - 1 Dinar, FEBRUARY 1, 2018? Did someone say, “This Will ALL Be Over, by FEBRUARY 28, 2018?” We don’t Know...We were just Asking? Maybe someone else knows?...“IL-LOGICALLY” of course.

1-31-2018   Newshound/Intel Guru Mnt Goat   We have to be mentally prepared for this possibly to extend out a few more days or even a week if Iraq does not rollout everything on time, as the process dictates. You know Iraq they hardly every complete anything on time… We also know the Finance Ministry wants this by the end of January in order to start the new fiscal year with the new rate and then move into the new accounting procedures that allow for periodic market adjustments. Yes- they have a brand new automated electronic computer based system for this purpose. It is all tied into tracking the budget expenditures – budgeted to actuals...I was told they are still on target.

1-31-2018   Newshound Guru Kaperoni   Article: "Financial expert for "Economy News": Rising oil prices helped lower dollar exchange rates " Sounds like the spread is going down. 1237 to $1.

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