Iraqi Dinar Guru opinions 3-28-17
Iraqi Dinar Guru opinions 3-28-17
3-28-2017 Intel Guru Frank26 The MR…is in its infancy. When it happens…it will happen very quickly. I believe that is what is happening due to the private meetings with Abadi and Trump, etc. and I believe they are past talking about the exchange rate. Trump has given Abadi some advice/direction on what to do inside of Iraq to help with the economic reform. …the CBI made an announcement (on the Arabic side) of the CBI website. This announcement came out with great power to the banks …but, this is OLD news. The fact that they are telling us (at least on the Arabic side) is incredible. We believe that this announcement …is extremely important…We believe this is a by-product from the Trump/Abadi meetings. IMO…with this announcement…they have sped up the MR. The speed…it will happen very quickly…once we have Mosul. Another thing…IOO …they are telling the banks to DO THIS NOW…because they are about to be audited so they are ready to go INTERNATIONAL. IMO…the 1st quarter will finish the monetary reform. The banks better be damn ready.
3-28-2017 Newshound Guru loop Article: “Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. “The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
3-28-2017 Newshound Guru Kaperoni Article: “Governmental directives to amend legislation in the transition to a free economy” Quote: “The government proceeding towards a free economy and stimulate the private sector and this trend is accompanied by procedural and legal amendments.” He added that ” the General Secretariat will spare no effort to support the upgrading of Iraq on the highest indicators according to the World Bank standards.” We will have to watch the agenda’s the next few weeks and see if parliament acts.
3-28-2017 Intel/Newshound Guru Backdoc …I LIKE HOW IRAQ IS DEPLETING THE CASH FOOTPRINT BY GOING DIGITAL WITH PAYMENTS FROM THE GOVERNMENT AND BANKS. WHEN IRAQ OPENS INTERNATIONALLY THEY WILL CHANGE VALUE WON’T THEY? WELL THIS WILL REDUCE THE PAPER FACE VALUE SINCE THE DIGITAL WILL SIMPLY BE ADJUSTED TO VALUE WHILE REDUCING THE PAPER FACE VALUE. THIS REDUCES THE PAPER SIGNIFICANTLY IN THEIR COUNTRY…IMO.
3-27-2017 Newshound/Intel Guru Mnt Goat Article: “Parliamentary Finance is denied from Central Bank to introduce 150 thousand denomination dinars category in circulation” …This is one of those “WOW” articles. This is exactly what we have been waiting to hear. Remember I told you to follow the actions of the CBI and that this and only this is the most plausible que to finding out when the RV is about to happen. I had my Arabic friend interpret it for me. This what he said – “this article is all about the GOI Finance Committee wanting to launch the 150,000 notes now. The CBI is telling them they are in charge of the currency and they need to launch the 100,000 notes first as planned and that they have been studying this category already”. Why did they tell the GOI this?
3-27-2017 Newshound/Intel Guru Mnt Goat Remember the CBI postponed the launching of the 100,000 denomination in early 2016 due to financial instability, later they told us they would delay it till later in 2016 and then told us delay indefinitely until further notice…due to the worsened economy and I instability. So now it sounds to me that they plan to introduce it. It is time. Why is this such good news to us and our investment? This is a move as part of the “project to delete the zeros”. It many seem contradictory since they are actually putting more 3 zero notes in circulation, but the 50k and 100k notes must be launched because it is one of the permanent denominations they need in the banking system prior to any significant change in value to the dinar. Since they will need these along with the 50,000 notes (already launched) for inter-banking transactions when dealing with large global transfers (once they can use the dinar globally) They told us a year ago the 150,000 notes will come much later following the 100,000 notes. Back then it sounded like the 150,000 would come out only after the rate change. Get it? Are they getting ready for a rate change? Something BIG is about to happen! WOW!
3-27-2017 Newshound Guru loop Article: “Iraq’s economy is now on the way to recovery” Quotes: “The World Bank’s latest economic forecast expected Iraq to bounce back in 2016, growing at 7.2% in that year and continuing at around 5% in the next few years…With the security situation now improving, and the oil price on the rise – the indicators are moving in the right direction for Iraq’s economy.” UK MP from Scotland telling a group of Scottish companies that now it the time to invest in Iraq to make huge profits in the future. She is saying the the greatest opportunity to profit from the investment is prior to their ascension into the WTO. So once again we see someone from outside of Iraq pointing out what we have known for a long time. IRAQ’S ECONOMIC POTENTIAL IS HUGE AND THEY ARE GETTING THEIR ACT TOGETHER TO REALIZE THAT.
3-27-2017 Newshound/Intel Guru BGG [What are your thoughts on the new cbi logo?] Lots of changes going on at the CBI. Change is GOOD.
3-27-2017 Newshound/Intel Guru Mnt Goat Article: “The Central Bank of Iraq, a new slogan that imitates its history and its financial policy, adopted solid monetary implications.” Quote: “…the bank has used [in the logo] several metaphorical signs embodying Iraqi metal coins by devising the idea of the gears, the Iraqis’ memory and the clear symbol of monetary policy in the country, while the similarity of the gears to development indicates a clear reference to The role of the Central Bank of Iraq expected to revitalize the circle of development projects across the country, as well as reflected by the firm position on the clear fiscal policy in Iraq ‘.” …okay gear symbols on coins? This confirms they are going to issue coins. These coins are part of the lower denominations we wait for. This is part of the project to delete the zeros and thus RV.
3-27-2017 Intel Guru RayRen98 Iraqi TV is reporting that military actions are no longer needed on the right sector of Western Mosul, small areas remain…Command leaders are saying the battle is finished on the military level. Leaflets are being dropped in the city informing Isis/Daesh fighters of their inevitable doom.
3-27-2017 Newshound Guru loop Article: “UK MP: “Huge potential for growth in Iraq” Quote: “Although Iraq is not yet a member of the WTO, which has its own short-term challenges, its eventual accession will enhance structural and Iraq’s reintegration into the multilateral trading system. The organisations who gain most from engaging with this emerging market will be those which have a stronger base to build from when Iraq’s WTO status is confirmed.” Here is a speech from a UK MP from Scotland addressing…advantages of investing in Iraq before they become full members of the WTO.
3-27-2017 Newshound Guru Kaperoni Article: “New Iraqi Finance – Beirut April 10-11.” Quote: “IRAQ FINANCE The Macroeconomic View- addressing challenges and opportunities” CBI to discuss reforms, eliminating exchange restrictions.