Iraqi Dinar Guru opinions 11-3-16
Iraqi Dinar Guru opinions 11-3-16
11-3-2016 Newshound Guru wmawhite Article: “Iraqi monetary system enhanced the currency of a new dinars” This is what the Central Bank said two and a half weeks ago…”He noted that” the introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years, “pointing out that” this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity.” …ancient coins…(coins/notes)… i.e. the notes you have today. The notes the citizens currently have will be accepted for 10 years. [WHICH IS THE SAME NOTES THAT WE HAVE.] In order for those smaller notes to be put into circulation/market place, the value must change. If the value changes then something will change with the peg as well as the auctions. In other words…these are all tied together…that is why it is referred to as a “project”.
11-3-2016 Newshound Guru wmawhite …keep in mind, that the large notes will be needed in the market place until the prices of goods decrease…but the prices will not decrease until the value of the currency buying the goods increases in value significantly. So, when you are told the delete the zeros project will result in the need for the 50, 100 and 200 IQD notes, then you can assume that there is a change in the value coming soon. The smaller notes will coincide with the larger notes for up to ten years. The most important part of their statements is that the 50, 100 and 200 is expect either by 2017 or the beginning of 2017…and in order for the 50, 100 and 200 notes to work…and change in the value must occur.
11-3-2016 Intel Guru Frank26 Remember what we said about Fallujah? Give us Fallujah and we’ll give you the Economic Reforms? …And the economic reforms poured out about a week BEFORE they gave you Fallujah. So here we are with Mosul and we’re within a ½ a click from Mosul…maybe closer. We’re almost at the CENTER of Mosul – in my opinion. When it comes to the news…it doesn’t get any better than that. Mosul is very close and…it will bring STABILITY AND SECURITY for IRAQ so they can move forward. We’re looking for a FLAG in Mosul and a FLAG of the Monetary Reform.
11-3-2016 Intel Guru Frank26 Dr. Shabibi said he wanted to bring back the value of the 70’s – 80’s. Shabibi said that it depended on supply and demand. Supply and demand is about to happen by the citizens in Iraq. The IMF is ready…in my opinion…and Iraq is getting ready. IMO…a date and a rate is being explained to the IMF right now…on the 7th [November]…or the 7th [December]. Two days ago the finance committee met with Allak (and others) to see if things were improving. Auctions, rate, etc. We believe that is what those meetings were about. They only have to meet on November the 7th and not necessarily December the 7th. December is optional. If they are ready – it won’t be necessary. The meetings must be successful…and is inches away.
11-3-2016 Newshound Guru Adam Montana […It will soon be time to buy dog tags and that RV would sure help out. And I could sure use some new ham radio equipment…] That sounds like a Christmas wishlist, so hopefully it happens in time. If not, I don’t think we’re too far away so… GO RVVVVV!!!
11-2-2016 Newshound Guru Kaperoni Article: “Decline in central bank reserves to 40 billion dollars” The CBI is now trying to follow the IMF directive and they are losing reserves as a result of the more liberal foreign currency auctions. The problem is they never stopped the corruption first so all they are doing is fueling the fire at this point. Iraq needs to shut down the money laundering and theft through the private banks before they can solve the auction problem. Otherwise…the reserves will be gone soon. The alternatives are not patches or plugs but sound repairs and changes. IMO, the CBI cannot continue down the same path pegged to the dollar much longer unless they can fix this soon. The alternative is a disorderly exit to a float which may not be what we want to see at this time due to the lack of laws and investors.
11-2-2016 Newshound/Intel Guru BGG […I’ve read that Iraq is on the white list and some say they aren’t. What is correct?] That is likely a “process” they are in the middle of…value is likely nearer the end – but they MUST have international support…without international support who is there to “accept” their currency?
11-2-2016 Newshound Guru mike Article: “Decline in central bank reserves to 40 billion dollars” No real surprise here, we’ve known for a couple of years that the reserves will continue to erode unless they make changes. Another six months to a year and the options will disappear like the reserves…
11-2-2016 Newshound Guru Adam Montana MOSUL! Iraq is KICKING BUTT in the “beat ISIS” department… IT’S AWESOME! You’re also going to see a good amount of good news about Oil, Parliament, Budget, and more! This is an exciting time! To summarize where we are, I think it’s as simple as this: Iraq is making short work of ISIS in Mosul. Once they have a clear victory there, which should be very soon, they have no reason to delay on the HCL, which will be another major milestone for them, and it’s a big ‘ol downhill snowball effect from there. Did I mention it’s an exciting time to be part of this?!
11-2-2016 Newshound Guru rcookie Article: “Auction of foreign currency” new look … corruption in Iraq.” Quote: “The “foreign currency auction”, which was created after the US occupation of Iraq in April / May 2003, specifically in the year 2004 by the Central Bank of Iraq, represents a new form of the associated process of money laundering in Iraq, economic corruption…” HERE IS AN ARTICLE THAT OUTLINES THE LINK BETWEEN ECONOMIC AND POLITICAL CORRUPTION AND IN DETAIL…OUTLINES THE BREACHES AND FAILURES OF THE AUCTIONS…INTERESTING EPILOGUE…IRAQ CAN NOT BE RESCUED BY REFORMS ALONE…BECAUSE THE BASIS OF REFORM MUST BEGIN WITH THE TRIAL OF WHALES…AND RECOVER STOLEN IRAQI STATE FUNDS…
11-2-2016 Intel/Newshound Guru Mnt Goat …the IMF promised a huge long term loan worth billions to be paid in installments over the next 5 years…This issue remaining is CURRENCY REFORM implementation. Iraq was also given one (1) year from Jan 1st 2016 to Jan 1st 2017 to stabilize the security and political situation of Iraq. …So we can see the pressure is extreme to complete the last of the promised needed reforms and in particular the currency reform and to begin the process once again to launch the new lower denominations. It is the government of Baghdad target not to turn on the new currency until ISIS is gone. They told us by end of 2016 ISIS would be gone.
11-2-2016 Newshound/Intel Guru BGG [Have they prioritized the key investment laws that will set the stage for an international currency and allow capital to flow into the country…?] They have had the Investment and Banking Laws “on deck” for a while now…there is NO DOUBT the IMF has given them “the word”…investors have to have “an exit” – otherwise they WON’T ENTER…the wall of investment income they are expecting – will NEVER HAPPEN… without the investment law…when it is time – BOOM.