Iraqi Dinar Guru opinions 6-16-17
Iraqi Dinar Guru opinions 6-16-17
6-16-2017 Intel Guru Bruce We are basically towards the end of this ride. My sources are my own…We get info direct from Iraq and other parts of the world. Years ago, you remember that the Dinar was set up to become an oil for credits trade situation…For the purchase of oil. US Treasury invested heavily in Iraq, in terms of war effort and regaining sovereignty. It has always about the oil as backing the value of the currency. Since then, we know that gold and other precious minerals have been abundant in middle east. Dinar was $3.22 when the value of oil was $18/bbl. Value of dinar has gone up with value of oil. We know that the Qi cards indicate that the value of the Dinar is 4-5 times the value of the USD. That price has gone up over months and days.
6-16-2017 Intel Guru Bruce Iraq has been doing some things like shipping oil, thru an arrangement with OPEC, to ship an unlimited amount of oil for 90 days, and that started a week ago. They have been shipping massive amounts of oil now, getting more income. All of these nations are taking order now of Iraqi oil. We took some in last night, 3 out of 8 tankers. How do we do that without knowing the price of the oil? That is the result of that agreement from years ago, coming thru. We understand that over the next 36-48 hours, we should receive 200 Million bbl of oil. That sets it up to establish a rate for the dinar…and a higher official rate should be posted on the CBI. When we combine that with what else we are hearing, it makes us appear to be in a very good place. A very good place for currency holders to begin to do their exchanges. We are almost at the end of the ride.
6-15-2017 Newshound Guru Peggy68 …I was looking and reviewing all of the spread sheets together and I noticed different patterns…I found that matching up Iraq’s working days on a calendar with the daily rates going backwards…the pattern had shown that on Mondays the rate was always at its highest and Wednesdays at its lowest most…The Auction spreadsheets had specific days that represented when things were done on a consistent basis inside the bank, such as their Maturity Dates were always on Wednesdays and their Settlement dates were always on Thursdays. There are 30 days between each month’s maturity and settlement dates all on the last Wednesday & Thursday of each month. On June 14th & 21st on one specific spreadsheet all transactions were marked CANCELLED for these day.
6-15-2017 Newshound Guru chattels June 5th is still the last entry date on the C.B.I. FOREIGN EXCHANGE AUCTIONS PDF.
6-15-2017 Newshound Guru Phillyman Article: “Officer says army took over Mosul’s Old City entrance, IS trapped” Quotes: “Harz added that the coming 48 hours will see forces invading the district.” “Iraqi commanders have recently said that a few hundred IS fighters remained in the Old City, the group’s last refuge in western Mosul…” Very little news seen today and then we have this. Can’t imagine the invasion into Old City coming without a great price to pay. Stay tuned.
6-15-2017 Newshound Guru Enorrste Article: “The central bank prepares banks and transfer 25 million per month” Here is my take on this important development. It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem. However, they are still putting some limits on the exchange (dinars for foreign currency). Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency. This means that they will be forced to give the foreign currency at the official rate rather than the market rate. As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate.
6-15-2017 Newshound Guru Enorrste This will have two effects: first, it will put pressure on the market rate to come in line with the official rate. Why would I buy something with 1300 dinar if I could get it for 1160 dinar by simply converting to dollars first (or Euros, etc.). This will stabilize the market rate immediately and begin to bring it in line with the official rate. Second, the exchange of foreign currency for dinars will allow the CBI to destroy the dinars turned in (admittedly for a similar draw down on their reserves, however). The result will put similar pressure on the market rate to begin to bring it in line with the official rate. Of course the exchange will be monitored and limited so that reserves don’t disappear. The CBI has ample reserves in comparison to the current money supply of dinars. They could afford to give up even 1/3 of their reserves and still have over 100% coverage of their money supply. …this is a prudent and simple way to draw down the money supply without affecting day to day commerce…because they will be exchanging with “travelers,” people who are doing so not for daily commerce but to go to a foreign country and spend the foreign currency. This will therefore have no affect on liquidity within the country.
6-15-2017 Newshound Guru Enorrste Next, even though they will be giving up reserves, they will also be reducing the money supply of dinars. Thus, ideally, they should still retain the strongest currency in the world in terms of reserves compared to money supply. So, for example, if the current money supply is 40 billion dinars and the reserves is $60 billion, then if they reduce the money supply to 30 billion dinars the reserves could fall to $45 billion and they would still have 150% coverage of their money supply. Finally, by putting it out front that the banks will be fined if they break the rules, the CBI is essentially forcing them to become “world bankers” who follow the big boy rules. This will set them up for the move to a floating dinar.