4-30-2015 Intel Guru TerryK TALKED TO 7 SOURCES TODAY...THEY ARE ALL EXCITED. IRAQ HAS BEEN FUNDED...THEY HAVE THE MONEY THEY NEED TO SERVICE BY LOANS. I AM TO UNDERSTAND THAT WE ARE TO SEE THIS BEFORE THEIR HOLIDAY. THIS IS A VERY VERY VERY EXCITING TIMES. I THINK ONCE IRAQ PASSES THESE 6 LAWS WE ARE GOING TO BE IN MAJOR HAPPY TIMES. WHAT I AM BEING TOLD IS TO EXPECT THIS TOMORROW NIGHT OR BY THE WEEKEND...IT DEPENDS HOW THEY GET THESE 6 LAWS PASSED OR WHEN...THESE ARE 5 BANKING LAWS AND ONE FOR THE NATIONAL GUARD...THE NATIONAL GUARD IS VERY IMPORTANT.
4-30-2015 Intel/Newshound Guru Poppy3 ...THESE ARE FACTS STATED BY IRAQ LEADERSHIP...THEY HAVE PASSED MANY NEW LAWS IN THE LAST TWO DAYS AND THEY STATED THE 4 MAIN LAWS LEFT WILL BE FINALIZED AS OF TODAY IN A PRIVATE CLOSED DOOR MEETING. ABADI HAS ANNOUNCED TWICE IN THE LAST WEEK HE WILL NOT ALLOW TIME OFF EVEN FOR RAMADAN TO DETER OR DELAY FROM FINISHING FINANCIAL REFORM. I AM GETTING CONSTANT CALLS FROM EVERY SOURCE I HAVE EVER HAD... TELLING ME...THE FINISH LINE IS ABSOLUTELY IN SIGHT. IRAQ IS MOVING THINGS FORWARD FINANCIALLY AND AS I HAVE TOLD YOU IN THE LAST MONTH FROM THE BEST CONTACT IN THE COUNTRY...HE SAID THEY WILL NOT STOP PROGRESS TILL REFORM IS COMPLETE AND ALL REQUIREMENTS ARE MET AND THEY HAVE FOLLOWED THAT INFORMATION TO THE LETTER.
4-30-2015 Intel/Newshound Guru Backdoc ...WE HAVE SOME THOUGHTS ON THE EXPIRED FIFTIES. REMEMBER THE CBI CONTROLS THE NOTE COUNT. WITH ALL THE OLD FIFTIES BEING PULLED OUT OF CIRCULATION THE POTENTIAL FOR MORE VALUE TO THE DINAR IS NOW INCREASED...THEY SAID THEY ONLY HAD 1 3/4 % IN THE PUBLIC FLOAT. THAT NUMBER MUST NOW BE CONSIDERED LOWER. WILL IRAQ USE SOME OF THIS MASSIVE CURRENCY REDUCTION IN SOME WAY TO BENEFIT THEM WITH PAYMENTS ECT. TO ACCOMPLISH A BETTER CREDIT RATING? Mmmmm. TIME WILL SHOW THE ANSWER FOR SURE BUT IT SEEMS INEVITABLE THAT WE WILL SEE THAT UPGRADE SOON. THIS WILL BE HUGE FOR THEIR INTERNATIONAL STATUS.
4-30-2015 Newshound Guru Millionday [Do you have any ideas of why [Guru TNT] Tony and [Guru] DC are so excited saying that Iraq and everyone is saying that this is happening now?] NO I HAVE NO IDEA BUT HOPE THEY ARE RIGHT --- IMO IT COULD HAPPEN AT ANYTIME -- SOME STEP IN THE ACTIVATION OF THE REFORMS WOULD REQUIRE FOR FAIR TRADE ETC THE CALCULATION TO BE DONE AND SET IMO.
4-30-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: Iraq borrowed more than three billion dollars and projects stalled St_khas_khas" The numbers are flying all over the place...$800 million...$5 billion...now $3 billion...$3.4 billion...$2 billion...what is behind door #1...this member of the Finance Committee claims Iraq will be borrowing from both the IMF and the World Bank...trust me this isn't the only article we will see today regarding these loans...most of any loans Iraq is getting from these two organizations comes with little to no interest attached and payouts of around 5-10 years...there will be good to come of all of this...do not let the sight of these loans get you down thinking things are being delayed...the pot on the stove continues to simmer...and it is cooking some good things.
4-30-2015 Newshound Guru Adam Montana Article quote: "Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue needed to cover a budget deficit caused by low oil prices, its finance minister said on Thursday." This is BIG. Iraq is applying for a credit rating. A credit RATING. They aren't haphazardly applying for a loan "just in case" the auditor messes up and gives them a small line... they are on the way to an established, world recognized, bonafide, CREDIT RATING... and I think it's going to be GOOD. THIS IS HUGE!!! When you have a credit "rating" like the US, China, or any other major player in the world has, you are opening your books to the world and everyone knows you're worth "X". Right now, Iraq is worth "?". But with a credit "rating", THAT ALL CHANGES. HOLY SMOKES THIS MAKES ME SMILE! WOOOT.
4-30-2015 Intel/Newshound Guru Poppy3 and Newshound Guru Millionday NOTE -- ...WE SAW A REPORT THAT THE WORLD BANK HAS SIGNED FOR THE LOAN TO IRAQ -- SO OFFICIAL AGREEMENT MADE. Quote: "MP for the Parliamentary Finance Committee Masood Haider, on Tuesday, the International Monetary Fund agreed to Iraq's request Baagheradh amount worth five billion dollars as part of the response to the financial crisis experienced by the country." NOTE -- THE IMF HAS ALSO SECURED THEIR AGREEMENT WITH IRAQ. ...THIS WAS THE SAME PROCESS KUWAIT WENT THROUGH JUST BEFORE THEIR ANNOUNCEMENT OF THEIR NEW RESTORED RATE. ALSO REMEMBER AFTER THEY RELEASED IT THEN WAS 10 DAYS BEFORE IT WAS LEGAL TO EXCHANGE. WE ARE LOOKING GREAT AND THE MONEY WILL BE AWESOME.
4-30-2015 Newshound Guru Kaperoni More than likely the new series of notes (once they all have been issued) will all be same size like the USA. In doing so, they work well in ATM's, counters, etc. and will not jam. The 50 was so small it was not appropriate, didnt have security and would not fit with the new notes. It had to go. People spend way to much time trying to figure out why that 50 was demonetized. The answer was right in front of us. Now moving forward the CBI can begin with the 100, and 50 and begin to raise the value...this process will continues for a few years until the eventual introduction of the 20, 10, 5 and 1 dinar...and some fils to support the economy and new rate. [post 2 of 2]
4-30-3015 Newshound Guru Kaperoni With the 50 dinar note being officially demonetized on Thursday, April 30th, we can begin to wonder if currency reform is coming soon. Several articles surfaced during the month of April indicating there is a determination to issue a 50 (50,000) and 100 (100,000) dinar notes as stated as..”a prerequisite to the deletion of zeros.” If this scenario is correct, this means the CBI is preparing for the transition. That issuing of the 100 and 50 would be the first step towards beginning to raise the exchange rate, and moving towards a currency without 3 zeros (and as stated in the articles as a “prerequisite.”...Inevitably gaining enough value to introduce even more smaller notes such as a 20, 10, 5 and 1 dinar over a period of time as the dinar rises. This scenario is what we want to happen. This would be the beginning of the restructuring of monetary policy and the dinar. This would allow us as dinar investors the greatest potential gain as Iraq’s economy prospers. [post 1 of 2....stay tuned]
4-30-2015 Intel Guru Frank26 [via FrostyTheSnowman] Maliki is superhot right now...because he can be dangerous towards the closeness of this MR [Monetary Reform]. The MR is so close...it’s so fragile to these bullies. It’s important that they must deal with him. Abadi and Shabibi asked for $$$ and weapons to help with Maliki. We’ve got it covered...I can’t tell you how...but the media will in the next 30 days or so. As you see one disappear...you will see the one that fears him...appear. We’ll see Dr. Shabibi soon!
4-30-2015 Newshound Guru wmawhite [Do you agree that a gradual float in value makes more sense now?] Why would Iraq ever want the rest of the world to determine the value of its currency by floating it? Answer...NEVER!
4-30-2015 Newshound Guru Millionday DEFINITION of Floating Exchange Rate: A country's exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex market. This is in contrast to a "fixed exchange rate" regime. In some instances, if a currency value moves in any one direction at a rapid and sustained rate, central banks intervene by buying and selling its own currency reserves (i.e. Federal Reserve in the U.S.) in the foreign-exchange market in order to stabilize the local currency. However, central banks are reluctant to intervene, unless absolutely necessary, in a floating regime. [post 2 of 2]
4-30-2015 Newshound Guru Millionday [Do you agree that a gradual float in value makes more sense now?] I DON'T KNOW HOW THEY WILL ENTER THE MARKET WITH THE DINAR BUT AS WE HAVE BEEN TOLD FROM THE IRAQI GOV -- AND ALSO HAVE SEEN WITH THE ORDERS GIVEN WITH THE DIRECTIVES -- THEY WILL DO THE INTERNATIONAL EQUATION FIRST TO ENTER THE MARKET. THEY WILL HAVE TO CALCULATE THE DINAR VALUE FIRST AND THEN HOW IT IS IN THE MARKET WILL BE SEEN. THERE ARE MORE WAYS TO PUT THE CURRENCY AS IT GAINS --- NOT JUST FLOAT OR FIXED -- THE MARKET HAS MORE OPTIONS -- THE THING IS THIS -- EITHER WAY (UNKNOWN TO MANY) -- CBI HAS THE POWER TO ADJUST THE RATE TO AVOID INFLATION. THE CENTRAL BANK HAS THE RIGHT TO ADJUST THE RATE AND USE OTHER TOOLS TO MINIMIZE INFLATION -- IN FACT THAT IS THEIR JOB -- I HAVE THAT IN INK. [post 1 of 2....stay tuned]
4-28-2015 Newshound Guru Millionday "The head of the Supreme Islamic Iraqi Council Ammar al-Hakim on Monday the importance of the adoption of the principle of compromise and to reassure all of the components and not without each other, stressing the principle of a single basket in the adoption of important laws" HAKIM IS SAYING THAT THEY NEED TO HAVE ALL THE IMPORTANT LAWS IN A ONE BASKET VOTE BECAUSE THEY ARE RELIANT ON EACH OTHER -- THEY NEED TO HAVE THESE LAWS ALL IN PLACE AT THE SAME TIME. SO THIS IS HUGE -- ALL LAWS COULD BE VOTED IN A ONE BASKET VOTE. THIS WOULD ALLOW THE RELIANCE ON EACH OTHER CONSTITUTIONALLY AND LEGALLY TO NOT BE BROKEN. THEY ARE WORKING EXTENDED HOURS AND SESSIONS AND HAVE MULTIPLE COMMITTEES WORKING AS WELL. WHOOOPOW.
4-28-2015 Newshound Guru wmawhite If the staus of the IQD does not change...then Iraq will not be able to accomplish all of what they have told the world they want to accomplish. It is not us putting words into their mouths. It is them telling the world.
4-28-2015 Intel Guru Bulldog75 Please watch closely as this all comes together for there's a reason for everything and why the GCR has taken so long. The pieces of the puzzle are slowly coming into play, or should I say slipping into place...Gold is a currency and that price will reset first. Watch the EAST because they have the gold.
4-28-2015 Newshound Guru Aggiedad77 Abadi continues to vocalize support for Basra and their economic plight as well as for Anbar and the tribal leadership there who continue to fight DAASH cells...the Iraqi Security Forces are showing they are to be reckoned with in the province...unity abounds...cooperation is swelling all over Iraq for Abadi and his government efforts...The minuscule noise that you hear against him is coming from Maliki supporters...those that are left and their noise is but a tweak at this point...there is a growing national partnership that is more and more evident each day not only in the government but from all Iraqis. I'm excited about what has been happening...what we saw from today and I look forward to what the remainder of this month can show us and the world and what May holds in store for all involved...remember...the BEST is yet to come. [post 2 of 2]
4-28-2015 Newshound Guru Aggiedad77 ...this has been a really stellar day for Iraq I believe...we've seen confirmation of at least 2 loans from the IMF, mention of a possible third loan...talk of possible money from the World Bank...the discussions that PM Abadi had with the Parliament today...basically threw the gauntlet down in front of the Maliki supports...and we believe the ones who may have gotten a pink slip today may have been Maliki supporters as well. Abadi is showing he can play hardball and he is not intimidated by threats or accusations from those who blindly stand with M. We saw a commitment by the Baghdad government that leads us to believe a "full" payment is to be made to the Kurds for April...whoooorahhhh on the Kurd efforts for the month of April to get their exports up to par. [post 1 of 2....stay tuned]
4-28-2015 Newshound Guru Millionday [Do you...think the ultimate people at the top in charge of this process have a deadline date they are following? Or do you think this whole thing is event driven? i.e. when everything needed is done, it will happen then and only then?] I WILL GIVE MY OPINION ON THIS...I THINK THAT A PLANNED EVENT OF THIS SIZE HAS TO HAVE A DATE -- ANYTHING ELSE DOES NOT MAKE SENSE TO ME.
4-28-2015 Newshound Guru wmawhite PM Abadi did not go the Davos and then to Berlin and then to D.C. to tell the world WAIT...we don't want you or need you now. His message has always been now not later. They are wanting to do this as soon as they can pull it off successfully. [OK WE WAIT FOR THEM TO PULL THE FLOOD GATE.] Actually, IMO, no. IMO the status of the IQD will change PRIOR to the flood gates opening, the laws passed, etc., etc.
4-28-2015 Newshound/Intel Guru Bluedog THEY FLOODED THE MARKET WITH DOLLARS AND MADE IT SO IRAQIS WOULD TRADE DINARS IN FOR DOLLARS...TURN IN THOSE [DINARS] IN...AND SWEEP THEM OFF THE MARKET...AND READY YOURSELVES FOR THE LD's...IMO.
4-28-2015 Newshound Guru Aggiedad77 Article: "...Abadi has promised to introduce the allocation of funds to Basra, the Council of Ministers" PM Abadi has promised the Basra council that he will go before the COM and ask for funds in which Basra will be able to stimulate stalled projects...he made this promise but does not indicate as to when it might come to fruition... where will the money come from unless you RI...get on with the show then.
4-28-2015 Newshound Guru wmawhite ...keep in mind with all of the anticipation of the many laws, i.e. HCL, Investment Law, that these laws will open up the flood gates to the world of investors...except for one very important issue; the status of the IQD. First item, the IQD needs to be accepted/traded between countries. Second item, Iraq doesnt want to open up their country to the world with their currency valued at $0.00086 per 1 IQD. Therefore, by the time all of these laws are passed, IMO, we will have what we have always needed and all of those laws will been behind us.
4-28-2015 Newshound Guru Millionday [when does Ramadan begin and do U see this coming to fruition by then?] [Ramadan June 16 to July 18] I HAVE NOT SEEN A DATE IN INK YET BUT IF I DO -- I WILL BRING IT! HOLIDAYS ARE CANCELLED IN MAY...I FOUND IT VERY INTERESTING THAT JUST MAY WAS CANCELLED AND TO GET ALL IMPORTANT LAWS DONE. I KNOW THEY ARE WORKING ON THE DIRECTIVE LIST AND THE PAPERS HAVE BEEN SIGNED FOR THE FUNDING WITH THE WORLD BANK AS WELL. ALSO THEY HAVE BEEN TOLD TO ACTIVATE THE REFORMS AND THE STRATEGIC FRAMEWORK AGREEMENTS AND THE SOVEREIGN WEALTH FUND IS BEING ESTABLISHED AND THEY ARE PROTECTING THE INTERBANK MARKET. ALL ARE VERY IMPORTANT STEPS AND WITH THE LAWS THEY ARE WORKING ON THROUGH THE HOLIDAYS -- IT SEEMS TO ME THIS IS A VERY IMPORTANT STAGE. I AM EXCITED WITH ALL THE ACTION WE ARE SEEING.
4-28-2015 Newshound/Intel Guru Bluedog THE NATIONAL GUARD LAW IS JUST IN A PING PONG GAME..IMO...THIS HAS ALL BEEN AGREED UPON...BUT I THOUGHT LAST YEAR THIS COULD NEVER COME TO BE WITHOUT FUNDING AND IRAQ NEEDS TO UNLEASH THE 2015 BUDGET IN FULL IMO WITH THE RI RATE... THEN THIS BASKET LAW WILL BE UNLEASHED. THEY NEED THIS TO PROTECT INVESTORS WITHIN THE COUNTRY...THIS IS A >>> MAJOR LAW <<<. IT WILL BE ADDRESSED IN THE NEXT FEW DAYS. LETS SAY WHATS IN THE BASKET.
4-28-2015 Intel Guru Frank 26 Abadi arrived in DC...it was a very quick visit with O [Obama]. In that process Abadi goes and talks to different departments and asks for certain things. Abadi asked for some money because originally the IMF turned him down. And we were all excited thinking that the IMF wouldn’t give Iraq any more money. Then 48 hours later they gave them some money. Abadi went back to Iraq and told Dr. Shabibi that they have a little extra time. Abadi gets chewed out...told that he is doing a good job BUT they told him to get something’s done...to convince Dr. Shabibi that he was given the green-light and unless Dr. S is colorblind what is wrong with him? The US wants this done before Ramadan! So Abadi goes back to Iraq...meets with Governor of CBI telling him to get this thing done that they gave them just enough to get thru April. There is a push from Abadi onto Shabibi and the CBI to get the MR [Monetary Reform] done. The CBI books cannot give you a date but the info leaking out is a rate. It appears to start out at .85 cents to about a dollar. That is a rate... The dinar is going to go International pretty soon ...at a new exchange rate!
4-28-20215 Newshound Guru Millionday ...THEY HAVE BEEN GIVEN THE LIST OF DIRECTIVES AND ARE SETTING UP THE SWF ---SOVEREIGN WEALTH FUND. THE EXECUTIVE BODIES ARE WORKING ON THE LAWS THAT WILL BE PUT IN PLACE FOR THE NEW ECONOMIC DEVELOPMENT. Article quote: "The House of Representatives ended at its first session, which was held on Monday under the chairmanship of Vice-President of the Council Hamoudi and the presence of 229 deputies the second reading of the investment law." THEY HAVE MET AND COMPLETED THE SECOND READING TODAY -- THIS IS GREAT -- IT IS READY FOR A VOTE.
4-28-2015 Newshound Guru Kaperoni Article quote: "the Governor of the Central Bank, on the Keywords, Sunday, the government to carry out economic reform processes to maximize other resources is Alinvt.oukal Keywords: "It is necessary to activate a lot of procedures that restore financial and economic system in the country," and urged "reform process large enhance efficiency, financial, economic, achieving addressing the economic situation in the future." Currency reform is clearly identified as a necessary step for the market economy/investment to succeed. One way or another they will get there. 35 million Iraqis, jobs and prosperity are our motivation to see it happen. We just need to be patient for however how long that takes. Ali al Allaq is pushing all the right buttons asking the GOI and parliament to do there part so he can do his.
4-28-2015 Intel/Newshound Guru Backdoc AGAIN WE ALL KNOW THE DIFFERENCE OF A: IR - INDEPENDENT RATE .86 TO 1.30; RI - RE-INSTATEMENT FIRST WINDOW 3.93; RV - REVALUATION 3.93...INCREASE IN OIL PRODUCTION AND MINING...HIGHER? THE RI IN THE STORY HAPPENS IN THE FIRST WINDOW NOT OCTOBER! IT IS MY OPINION THAT AN RV OR AN ADJUSTMENT HIGHER AFTER OIL PRODUCTION AND MINING HAS A CHANCE TO INCREASE BETWEEN THE RI AND OCTOBER OR EARLY FALL. I ALSO BELIEVE ITS POSSIBLE THAT KUWAIT WILL ALSO ADJUST THEN WHEN THEY RELEASE THEIR NEW CURRENCY!! [The way I read it was that "restored to former glory" happens in the 1st window. That would be $3.21 PLUS >20% (@$3.86-3.93), then a projected "bonus increase" (or RV) in October for the IQD that will take it from the already established by then (@$3.93) to whatever the IMF rewards Iraq when Kuwait introduces their new currency. So I read it as 3.93 within the FIRST WINDOW.] YOU ARE DEAD ON BROTHER!
4-27-2015 Intel Guru TNT Tony We heard they are excited and anticipating something. Everything is so good there is nothing to discuss unless it DOESN’T happen. All Friday, they were hearing “it’s here, it’s here, it’s here”, although I don’t know what ‘here’ means over there. Our information says that they are happy. Banks and personnel are still on alert. They were looking for something this morning and that part didn’t happen. But that is how close we are to it happening at any point in time.
4-27-2015 Intel Guru Mnt Goat June is coming and is just weeks away. I want to make it very...clear to everyone right now. I am not predicting a June RV. This June timeframe is NOT a Mnt Goat timeframe! It is from al-Abadi himself and I have not seen any articles or heard of any speeches from him recently telling us otherwise. Could June come and go without an RV? It might if Iraq does not meet their plan to rid of ISIS prior to that timeframe. Once again I will say that Nori al-Maliki must be out of any Iraqi government position and out of the political scene prior to any RV. I have heard this multiple times from the USA sources this is a mandate from them. Also in a meeting Dr Shabibi (CBI governor) has expressed his desire for this to happen as a matter of security and financial requirements. The news we are now hearing is all good and shows us they still continue to make ongoing preparations for the RV.
4-27-2015 Intel Guru DC ...little has changed apart from a few positive, supportive moves in the direction of preparation...they have been preparing for this in Iraq at the banks and with notifications going out. The mosques are telling everyone to stay calm, that this is upon us, and everything is going to be great. That has been the deal all this weekend, with some actions that have taken place that look phenomenal. Frankly, there is not much to say in Iraq; it’s just great! In the US, everyone is where they need to be, preparing all weekend...everyone is lined up in the belief that this is going down. Everything looks really, really good and I’m very excited for all of us.
4-27-2015 Newshound Guru Millionday THE REFORMS ARE ALREADY PRINTED -- THEY ARE NOT A LAW BUT ARE AN AGREEMENT WITHIN IRAQ WITH ALL GLOBAL ORGANIZATIONS AND EXPERTS THAT HAVE HELPED IN THE DESIGN OF THE "NEW IRAQ" -- THESE ARE WRITTEN PLANS THAT HAVE BEEN DESIGNED BY THE BEST EXPERTS...AVAILABLE AND WOULD NOT GO ON TO BE PRINTED IN THE GAZETTE (LAW BOOK) HOWEVER MAY [MANY?] LAWS ARE REFLECTIVE OF THIS NEW PROCESS AND REFORM PACKAGE FOR THE COUNTRY. [Do Not Make Trouble...does that mean...give us a good rate? or what?] IMO -- IT MEANS THAT THE INTERNATIONAL CALCULATION DOES NOT CAUSE PROBLEMS/TROUBLE -- AS IT IS THE AGREED UPON GLOBAL PRICING INDEX -- OR CALCULATION. MATCHES EVERYONE ELSE -- FAIR PRICE -- NO TROUBLE. [post 2 of 2]
4-27-2015 Newshound Guru Millionday HERE IS THE QUOTE BY THE IMF REPRESENTATIVE >>> "the IMF International issued the list of directives, internationally agreed upon to determine the state basket and what are the international currencies, gold and bond rate, "noting that" the Iraqi Central Bank owns 80 tonnes of gold, including re-10 from the bank reserves, a good rate and within internationally accepted equations do not make trouble." THE REFORMS ARE INCLUSIVE OF ALL TYPES OF REFORMS THAT ARE ALL WEAVED TOGETHER AND DEPENDENT OF EACH OTHER BY WHAT I SEE...AS IN >> THE ECONOMIC REFORMS NEED THE NEW ADMINISTRATIVE REFORMS AND THE POLITICAL REFORMS ARE IN NEED OF THE NEW PROCESS AS WELL SO ALL WORKS AS ONE. THE ECONOMIC REFORMS WILL NOT BE SUCCESSFUL WITHOUT THE ADMINISTRATIVE REFORMS AND THE AGREEMENTS AND VICE VERSA -- SO ALL...WORK TOGETHER. [Post 1 of 2....stay tuned]
4-27-2015 Newshound Guru Breitling …Chase Bank has dinar. Bank of America has dinar…I know Bank of America has dinar in their reserve in St. Louis. I know this for a fact. You CAN'T go to a window at a bank to someone who is making a little bit more than minimum wage…people are asking the WRONG people questions and you need to STOP doing this. Whoever you talk to at Chase Bank do not know what they are talking about as far what's going to happen with the currency…they are not qualified to talk about it. As far as exchanging your currency with Chase, they chose not to…I guarantee if it starts gaining value they are going to want it… [Post 2 of 2]
4-27-2015 Newshound Guru wmawhite the other reason for a dramatic increase in value is because 90% of all goods are imported...meaning bought outside of Iraq at $0.00086 which increases the costs 1,000s of times. That is why it takes a 25,000 note to buy a bag of sugar. Increasing the value off the bat at least a 1,000 times will reduce the costs on the shelves 1,000 times putting tremendous buying power into the economy. What Iraq is dealing with today is what is left over from the war when billion of USD was flooded into the country in order to keep its economy going. This is coming to an end very soon and as they tell us the IQD return to greatness. [post 3 of 3]
4-27-2015 Newshound Guru wmawhite You can buy bank shares today on the ISX at 1.6 dinar per share. That is still less than $0.01 per share. If the ISX was opened to the world today every major company in Iraq would be owned by the rest of the world within hours. This is why the IQD will reprice prior to/before the world of investors flood into Iraq. Again, we know as fact, that PM Abadi stated that he was removing all obstacles to the investors. He is doing this now and IMO, we will see the repricing prior to this. [So does that say Iraq wants to keep ownership in country?] What it tells me is Iraq believes it is well worth more than $0.00086. In orther words If someone from the USA was going to invest $1,000,000 today they would only need the same as $860.00. Remember, these investors coming into Iraq long term are going to change their currency into IQD and set up shop and do business there. Today, at the current rate all they need is $860 to do $1,000,000 worth of business. IMO Iraq is going to say NO WAY world...we are worth more. [post 2 of 3....stay tuned]
4-27-2015 Newshound Guru wmawhite the CBI will introduce the IQD to the world prior to the massive wave of investors flooding into Iraq, which will be prior to all of these so called needed laws. [Do we really think that Shabbi was ready for a RV in 2013...?] We truly do not know...what we do know for sure is what is taking place today. We know for sure that PM Abadi stated that he will remove ALL obstacles to investment in Iraq...and as soon as the CBI instructs its banks to start accepting foreign remittances...the true value will be established and the world currency markets will be informed. Iraq has inked trade agreements with over 18 countries. Iraq doesn't want to open up their country at essentially $0.00086 per share. [post 1 of 3....stay tuned]
4-27-2015 Newshound Guru Breitling [I've been invested in the Iraqi Dinar since 2009…Since Iraq is retiring the 50 dinar notes at the end of April, I called Chase Bank to see if they would exchange them…they told me Chase Bank does not handle Iraqi Dinar. Can you explain why Chase Bank does not handle dinar?] I did get my dinar from Chase Bank and the reason why it was told to me that why they stopped it is because the dinar community was disrupting business. Their margins on selling dinar was so small…that's not what they are set up to do…yet you had "old ladies" [watch it Breitling! ;) ] and people going through divorces and going broke and calling the bank everyday asking, "hey did the dinar revalue?"…it literally jammed up their phone systems. It's that simple. It has nothing to do the it's value. It has nothing to do with what's coming down the road... [Post 1 of 2 Stay tuned for the rest of the story...]
4-27-2015 Newshound Guru My Ladies WHILE I AGREE THIS CAN HAPPEN AT ANY MIN [MINUTE] I, THAT’S ME PERSONALLY, HAVE NO EXPECTATIONS UNTIL SOMEWHERE AFTER JULY. NOW CAN THAT CHANGE? YES OF COURSE IT CAN...I THINK WE ARE RIGHT ON TRACK, I THINK IRAQ IS HANDLING THEIR BUSINESS IN A TIMELY WAY AND I THINK THE REST OF THE PROCESS HAS TO UNFOLD. THERE ARE MANY MOVING PIECES TO BRING FORTH WHAT WE WANT TO SEE ...REMEMBER IN IRAQ A DINAR IS A DINAR AND AFTER THIS CHANGES THINGS IN IRAQ WILL NOT BE MUCH DIFFERENT. WE ARE LOOKING FOR AN INTERNATIONAL EXCHANGE RATE OF THE DINAR TO WHICH EVER CURRENCY WE USE. IRAQ WILL NOT BENEFIT FROM THIS IN ANY WAY OTHER THAN PURCHASING POWER. FOLLOW THE CBI AND THE MONEY, FORGET ABOUT THE GOI THEY WILL BE WRITING AND FIXING LAWS FOREVER. FOLLOW THE MONEY. [post 2 of 2]
4-27-2015 Newshound Guru My Ladies I WAS VERY PLEASED TO SEE SO MANY ARTICLES CALLING FOR THE SEPARATION OF THE CENTRAL BANK FROM GOVERNMENT...DO NOT BE CONFUSED WITH THINKING THE CBI AND THE GOI ARE ONE. THEY ARE NOT. TOMORROW A DELEGATION FROM THE FINANCE DEPARTMENT WILL TRAVEL TO KURDISTAN FOR IMPLEMENTING THE TARIFFS. I ASSURE YOU THIS EVENT WILL NOT BRING FORTH THE RE PRICE. FOR SOME UNKNOWN REASON MANY...ARE HOLDING ON TO THE ACTUAL APPLICATION OF TARIFFS AS A SIGN OF AN “RV” PLEASE STOP DOING THAT. WHAT WE WANT TO SEE IS AN ELECTRONIC MECHANISM THAT CAN CONVERT ANY CURRENCY INTO THE DINAR VALUE. THAT IS THE SIGN OF INTERNATIONAL CURRENCY. [post 1 of 2....stay tuned]
4-27-2015 Newshound Guru wmawhite ...if they are to eventually delete the large notes they will not issue larger note such as 50,000 and 100,000 notes. The translation of these reports tell us that the notes will have like value as if they were holding 50,000 IQD and 100,000 IQD respectively.
4-27-2015 Newshound Guru Millionday Article quote: "the IMF International issued the list of directives, internationally agreed upon to determine the state basket and what are the international currencies, gold and bond rate..." THIS LOOKS LIKE THEY ARE CALLING FOR RATES TO BE CALCULATED. DIRECTIVES? ISSUED THE LIST OF -- DIRECTIVES--(ORDERS) TO DETERMINE -- THOSE RATES -- IT APPEARS...AND CBI GOV HAS CALLED FOR IN INK -- THE ECONOMIC REFORM TO BE ACTIVATED...WHOOOPOW.
4-27-2015 Newshound Guru Kaperoni Article: "Economy calls for parliamentary approval of the Central Bank Law and the "removal" of the government" It seems pretty clear that the powers to be, the IMF, WB and UST are not going to let Iraq move forward with reforms until they pass a law to make sure the CBI is independent. Another law we are waiting on. A law in parliament that assures the complete independence of the CBI from the GOI. We have seen references to a law of independent bodies. I would assume that is what we want to see passed.
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