Iraqi Dinar Guru opinions 2-27-15
Iraqi Dinar Guru opinions 2-27-15
2-27-2015 Newshound Guru Millionday CBI IS PULLING THE 50 DINAR FROM THE STREETS OF IRAQ RIGHT NOW AND WILL BEGIN ON MARCH 1ST AND END APRIL 30TH. THESE NOTES WERE ISSUED AFTER THE 2003 ECONOMIC CHANGES THAT OCCURRED — HOWEVER AT THAT TIME IN THIS SERIES THEY WERE NOT VERY USABLE DUE TO THE REFLECTED PRICING THAT OCCURRED WITH THE IMPOSED RATE — SO THE NEW SERIES WILL BE PUT ON THE STREET IN THIS CATEGORY. [is this in country and outside too? All?] THIS IS RELEASED TO THE CITIZENS SO THAT THE 50 DENOMINATION CAN BE EXCHANGED TO BE THE NEW SERIES AT THIS TIME — NO REGULATIONS HAVE BEEN RELEASED YET IN INK TO TELL CITIZENS OR INVESTORS OUTSIDE THE COUNTRY OF ANY NEW REGULATIONS FOR THE BILL OR WHAT TO DO WITH THEM ETC. THERE ARE IRAQIS OUTSIDE THE COUNTRY AND PEOPLE THAT HAVE 50`S OUTSIDE OF IRAQ…WE WOULD EXPECT SOME REGULATION RELEASED FOR THAT — WE HAVE TO WAIT AND SEE.
2-27-2015 Newshound Guru Millionday [THEY DIDNT ANNOUNCE THAT I RECALL, PRINTING NEW 50 DINAR NOTES. DO YOU RECALL THAT THEY ARE?] THAT IS ALREADY DONE…PER REPORTS WE HAD SOME TIME AGO. [were you excited and happy to hear about the 50 notes being called in?] YES I WAS — IT IS THE BEGINNING OF THE REDENOMINATION AND RELEASE OF THE NEW SERIES TO THE IRAQI CITIZENS AND THE VERY LOW ONE — SMILE.
2-27-2015 Intel Guru TD Discussions with my Kurdish friend (as always treat as rumor and please due your own sound diligence) . The old 50 notes are being exchanged due to wear and tear and to have better security enhancements with the new notes. Citizens inside the country will have 60 days to exchange them. What about the 50 notes outside the country? Well …. Try selling them back or try exchanging those and you’ll find out the answer. The deletion of the zeros program has now been given an extra year to start and complete. It was originally to be a 4 year program and due to the need to still achieve security, stability and rollout the banking and capital investment initiatives it will now be delayed an extra year. The program was to initiate later this year but now won’t be till 2016. The major goal of crushing ISIS, retaking cities like Mosul, Anbar province, etc. is THE top agenda item this summer and fall with then gluing the national banking system and attracting foreign capital investments in the 4th quarter of this year. ALL is based on progress and conditions on the ground.
2-27-2015 Newshound Guru Chattels [if kurds got paid does that mean HCL is in effect?] it means that there has been part performance on the temporary HCL agreement from december which is incorporated into the 2015 budget.
2-27-2015 Newshound Guru Millionday HERE IS A GREAT ANNOUNCEMENT… Quote: “Under the auspices of the Iraqi government of national reconciliation .. (Baghdad Declaration) .. Location: Baghdad (House of Representatives – House of the People) When: Month February 2015…” ACCORDING TO THIS — THE NATIONAL RECONCILIATION DECLARATION WILL BE WITHIN THIS MONTH — WOW…THAT IS HUGE AND WITH ALL WE ARE SEEING AS WELL WITH THE MONTH OF MARCH BEGINNING — HOLD ON TO YOUR HAT.
2-26-2015 Intel/Newshound Guru Poppy3 …THEY KNOW WHAT THEY MUST FINISH AND ARE WORKING FRANTICALLY TO GET THERE. WHEN ITS DONE IS WHEN WE WILL SEE IT NOT BEFORE. NO DATE MATTERS, THEY HAVE A LIST THEY ALL AGREED ON 6 PLUS WEEKS AGO AND SET IN MOTION TO FINISH ALL ON THE LIST ASAP. THE BOTTOM LINE IS THEY ARE DOING THEIR JOB FOR THEIR COUNTRY AND WHEN THEY FINISH WE WIN AND BENEFIT JUST LIKE THEY WILL. WE SHOULD ALL BE DANCING AND PREPARING FOR CELEBRATION…
2-26-2015 Newshound Guru Millionday IRAQ HAS ANNOUNCED THAT THE FIRST DISTRIBUTION WILL BE TOMORROW TO KURDISTAN…THEY HAVE STATED THEY ARE FLYING THE CURRENCY TO KURDISTAN — NOW LETS ASK OURSELVES BECAUSE WE DONT HAVE INK — WHY WOULD IT NOT BE WIRED? WHY IS IT BEING FLOWN IN?…VERY INTERESTING.
2-26-2015 Intel Guru Frank26 IF I was The CBI and was about to distribute LD’s let alone further sub divisional fils of COINS then this is exactly what I would do. Because they are needed when 000’s are lifted. 1166 works well with 000’s but NOT with LD’s and coins. You see…There is no other lower denomination. Hence You start with THIS 50 as EITHER replacing it OR… MAKE CHANGE. LOL…Actually in more ways than one…LOL. …They will destroy the lowest and replace it with even lower categories of currency such as …I’s … 5’s … 10’s and coins of 1/4 … 1/2 … 3/4. Here is another of my cookies…IOO …The 50 will be made into change for The Citizens inside while outside …You will get a new rate to return ET Home.
2-26-2015 Newshound Guru Shredd …what is happening now to the 50 dinar note already happened to the large 000 notes last year and the CBI didn’t discontinue the older versions which are the ones we hold. So, unless their plan has drastically changed since then, I think we can safely hope the cbi won’t discontinue them before we decide to exchange them. That said, like it’s always been, we just need to wait this out. Additionally, if the cbi’s plan had changed, why wouldn’t they do it now along with the 50 dinar note (announcing the “old” versions of the newly upgraded dinar shall be discontinued after 60 days)? I look at this move as something the CBI was going to eventually do anyways but I was thinking they would have done it much further down the road once a strong dinar value demanded usage of the 50 dinar note. Seeing they are making this move now, before any exchange rate change has occurred, makes me think the 50 dinar note will have a purpose much sooner than we thought.
2-26-2015 Newshound Guru Tlar Article quotes: “Thursday February 26, 2015 14:35 said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months.” “the banks and their branches will start replacing these banknotes presented to it and without fee or commission,” The only bill they did not reprint of the bills in circulation, is the 50. I am guessing that the CBI saw this as a vulnerability so they made another strategic decision, the decision to release the new 50 and quickly swap them out… The 50 is part of the new smalls… Once the current 50 has a reality value, Iran would definitely counterfeit it and we can assume Iran has known what the plan is since its inception . Iran already has its distribution system in place along with the plates and more than likely the first counterfeits would be delivered in a few days. There aren’t many 50’s being used in Iraq because of their low value. I surmize the 50 will be the very first release of the new small even before they raise the rate.
2-26-2015 Newshound Guru tlm724 Article “Finance Minister announces staff self-financing companies paying salaries” Quote: “Zebari called during a meeting with a number of media self-financing companies to review the banks to take over the salaries of its employees…” money is starting to flow out of the budget…appears the budget is open for business!
2-26-2015 Newshound Guru Aggiedad77 …they give no details to HOW they intend to replace the 50 dinar notes…or what they will replace them with…2 20 dinar notes and a 10 dinar note? OR…maybe this is the METHOD they will use to introduce the LOWER DENOMS! …if it is the LD’s that are coming…they would not telegraph this intent to us I don’t think…because it would have to mean a rate change too…IMO. [IS IT POSSIBLE THAT THEY WOULD ONLY REPLACE WITH ELECTRONIC VALUE IN THE BANK ACCOUNT?] yes that is also a possibility…and a means for them to push out more smart cards since so many Iraqis do not trust banks at this time and may not have bank accounts…perhaps movement towards more e-banking…we continue to look for more concrete information as to what is really going on.
2-26-2015 Newshound Guru Enorrste Article quote: “Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.” Here is the way I see this: (1) The 50 dinar note, worth about 4 cents, is not being used in Iraq at this time. (2) The newer and more secure currency that has been printed did not include the 50 dinar note, as I understand it. (3) Therefore, since it isn’t the more secure note and isn’t used anyway, the CBI is removing it from circulation. (4) They are giving about 60 days to get them all in, after which time the currency will be worthless. (5) Doing this at this time…is probably in preparation for a rise in the value of the dinar. (6) I say this because if and when the value rises, the CBI would not want these “old” notes in circulation since they do not have the proper security features. (7) Finally, “replacement” does not necessarily mean a new 50 dinar note will be issued. I suspect that over time a new note will be issued, once the value has risen. That is implied in the article, in my opinion. Therefore, I see this as part of the “clean up” process to get ready for the float.
2-26-2015 Newshound Guru Administrator Bob Article quote: “Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.” It appears that the Central Bank of Iraq has decided to demonetize the 50 dinar note. They are giving Iraqi citizens a period from March 1st -April 30 to deposit or receive equivalent currency as replacement. After that the 50 dinar will have no value in Iraq. Currently, the 50 dinar is worth less than 5 cents US.
2-26-2015 Newshound Guru My Ladies THE 24 HOURS HAVE PASSED AND THE BUDGET IS AN OFFICIAL LAW…THEY SAY THEY HAVE APPROVED THE ALL THE FINANCIAL ALLOCATIONS OF THE BUDGET AND THEY ARE GOING TO START IMPLEMENTING THEM. WE SEE THEY HAVE THE ENTIRE PLAN WELL THOUGHT OUT, BUT NOW TO IMPLEMENT IT IS SOMETHING ELSE. WE WILL SEE MUCH ACTION IN THE COMING DAYS BUT HOPEFULLY THEY WILL ADJUST THEIR CURRENCY FIRST…THE CABINET HAS THE IMPORT LAWS TO VOTE ON SENT TO THEM ON TUESDAY, THE NATIONAL GUARD LAW, THE INVESTMENT LAW, THE AMNESTY LAW AND YET IN TODAYS SESSION THEY READ A BILL FOR PAVING THE STREETS? HUMMM SORRY FOLKS BUT THAT STILL DOESN’T PASS THE COMMON SENSE TEST.
2-26-2015 Newshound Guru My Ladies I THINK STILL WE NEED TO SEE MONEY BEFORE THESE IMPORTANT LAWS ARE EVEN READ IN THE HOUSE. JUST IN NOW…THE AGENDA FOR THE NEXT PARLIAMENT SESSION, SATURDAY THE 28TH AT 11AM. GUESS WHAT FOLKS THOSE VERY, VERY, VERY, IMPORTANT LAWS THAT THE CABINET FINISHED AND JABOURI IS CALLING ON TO HURRY UP AND READ, WELL THEY ARE NOT IN THERE AGAIN. I DON’T THINK WE EVER SEE THEM GET PASSED BECAUSE IF WE ARE CORRECT IN OUR LINE OF THINKING THEY NEED TO FUND FIRST.