Iraqi Dinar Guru opinions 1-3-17
Iraqi Dinar Guru opinions 1-3-17
1-3-2017 Intel/Newshound Guru Mnt Goat …one more bit of evidence that the Iraqi dinar is NOT going to lop. Did you know that a lop is used as a tool. Yes – it is a special tool that IMF uses to consult with a country to help fight hyper-inflation. It is especially designed for this purpose. So is the currency of Iraq namely the three zero notes now hyper–inflated? Absolutely NOT! First: The inflation rate in Iraq is amazingly very low compared to other countries, Second: The currency of Iraq did not float to the hyper-inflated three zeros while on the international markets, instead it was suddenly and intentionally brought down to a “program rate” for purposes of fighting a war and taken off the international exchanges. This was to suppress the bad guys from using the Iraqi currency to buy weapons to fight the coalition forces against Saddam Hussein.
1-3-2017 Intel/Newshound Guru Mnt Goat Third: Iraq has not yet gotten out of the program rate and are still officially under sanctions even the war has been over now for 13 years. The plan (and this is in writing to prove it) was to get out of the program rate in 2008 (the first time they tried to revalue). But once the war over the, corruption, politically and security instability has not allowed them to progress. Had post war Iraq looked very different, had there been a more successful democratic government and security force established they probably would not have waited so long to implement this project of currency reform. So has the situation gotten any better?..
1-3-2017 Intel/Newshound Guru Mnt Goat Yes the country is making a great turn-around since post elections 2014. In retrospect over the last 2 years we witnessed all the new banking laws, reforms and other needed laws. But they had a security breach with ISIS and then the drop in oil prices. Combined these two factors decreased the countries revenues while at the same time increased their expenditures. This created a situation when in 2015 (a targeted date for the project to delete the zeros) they had to postpone the project once again. At this time they stated a timeframe when they would target the resumption of the project’s next phase. They told us in EALRY 2017.
1-3-2017 Newshound Guru rcookie Article: “Low monthly inflation rates and the annual report in November” Quote: “Hindawi said that “inflation index for the month of November last dropped by 0.7%, compared to October of last month,..” INFLATION DOWN 0.7% IN NOVEMBER FROM OCTOBER…AND DOWN 1% FROM NOVEMBER 2015… [And what did Shabibi say about inflation and monitiary reform?] IT IS THE DETERMINANT…
1-3-2017 Intel Guru ADMINBILL …I AM HOPING THE INFORMATION I RECEIVED YESTERDAY IS ACCURATE AND WE ARE NEARLY THERE. ONE OF THE REASONS I AM LEANING IN THAT DIRECTION IS THAT I WAS ALSO INFORMED THAT THE MAJOR CONTRACTS THAT ENDED ON THE 31ST WERE TAKEN CARE OF AS REQUIRED.
1-2-2017 Intel Guru RayRen98 On Iraq’s side, no Budget in the Gazette as yet. We’ve been waiting 2-3 weeks for this to show up in the Gazette, based on what I was told. The only part that hasn’t held true is the timing on when it would be in the Gazette. We are also waiting to find out if what I was told would be in the Budget actually is. In some places, people are saying the lower denominations are NOT being widely distributed, but in other places we are told they are in the ATMs.
1-2-2017 Intel Guru RayRen98 I have been told that Abadi has blocked any Mosul news for the next 72 hours; I did see an article mentioned Mosul yesterday, and I don’t know when the 72 hours would be up. I’ve also heard about a press conference saying that 2017 will be a great year. Some of our trusted sources from three-letter agencies have been expanding on the information, and from that there is a good expect-ation for something this week. The sources say look for something to happen Tuesday or Wednesday. I don’t know if that will be the full-blown RV or not. I have learned that there is a ‘rhapsody’ database system that stems from the BIS (Bank of International Settlements) that all that banks use, I think. This database has been down since Friday, and we suspect this is for rate changes. We’ll see!
1-2-2017 Intel/Newshound Guru Mnt Goat When the CBI uses the term “project to delete the zeros” they do not literally mean to delete the zeros off the currency and to continue using the notes in the common circulation. Instead it means to replace (or delete) the 3 zeros notes from the common circulation with a set of notes that will be the notes going forward into the future. This is the replacement currency once out of the “program” rate. This is a well planned currency, a plan designed before they even started the war in 2003.
1-2-2017 Intel/Newshound Guru Mnt Goat …we know there is not going to be a lop for all the right reasons and reasons we can prove. So let’s go over these reasons now. 1) the CBI has directly told us and the fact that they have said that “the three zero notes will coincide with the new lower denominations for up to 10 years”. This in itself means no lop. 2) then they said it “would take 10 years for the transition to the new currency”. Does this sound like a lop? 3) these large three zero notes 1,000, 5,000, 25,000 and 50,000 notes would be “used for inter banking transactions” and the plan is “to retrieve them out of the hands of the average citizen and the market place”. Why would they need to retrieve them if this was going to be a lop? I just gave you three good reasons. There are many more.
1-2-2017 Newshound Guru mike Article: “Central Iraq” supports the currency delete the “zeros” dinar” If the process “starts” today, how long before one dinar is worth a dime? In order for the dinar to rise in value they need to be in Article VIII, that’s getting rid of the MCP and exchange restrictions. After that, Iraq’s economy has to shift to an open market so that exports other than oil are created so that there is demand for the dinar. By now we all know this isn’t a switch that the CBI Governor throws and all of a sudden the dinar has more value, we need Parliament’s involvement to create the atmosphere for the dinar to rise in value, not the other way around.
1-2-2017 Newshound Guru mike If the CBI unpegged today without the legislative foundation, the dinar will crater and the only reason I know that is because the street rate is 10% less than face value of the currency as it exists today. Can you imagine what it will do if they unpeg from the stability of the dollar and the auction process? Unfortunately, after closely following these guys for five years or so, it’s just more of the same that we’ve seen in the past. Empty statements without a process to fulfill them. My guess, if they could get the legislation and IMF stuff done in the first quarter of 2017, we might see a dime before the new year.