Iraqi Dinar Guru opinions 1-12-18
Iraqi Dinar Guru opinions 1-12-18
1-12-2018 Newshound/Intel Guru Mnt Goat …let me first make sure everyone is clear on what I said about the re-instatement of the Iraqi dinar. I said that it did happen – meaning that a conference was held between all important decision-making parties. It was then agreed to pursue the final stages of the re-instatement of the currency. Paperwork was signed and hands shaken, etc. So now it is up to the US Treasury Dept to fulfill its role in this effort. They have a contract with the IMF to rollout a new software process that will send “secured” data files downstream to the exchanges and other places they need to go to overlay a set of existing currency rates with new rates.
1-12-2018 Newshound/Intel Guru Mnt Goat This system has been tested and retested. We witnessed all this in mid to late 2012 and many got all excited when rates of $42 were showing up at the banks back then. Later we learned this was just the testing being conducted. Rates have come and gone at the banks as the sending them down to the banks in a timely manner is a major part of the new “secured” process. This is why we keep seeing rates changing over and over again at the banks. These rates mean nothing as to the final rates will come down just prior to the final launch. These rates have been giving us a general idea on the value expected. So, this is where we stand with this re-instatement and I can assure you the CBI will not take any further action over in Iraq until they have an assurance this process in USA is completed or near a certain stage. They have been caught with their “pants down” and embarrassed on many of the other attempts that were abruptly halted and so they are not going down this road again.
1-12-2018 Intel Guru Bruce Iraq is basically under way. They have done everything we know of except having their rate posted for their Iraqi dinar on their CBI website. My understanding…is they intend to show that rate tomorrow [Friday]. Iraq is still under major information black out in or out of Iraq. The only way we know anything is by calling our direct contacts who have family in Iraq and we get a little bit by phone. For example we know some of the contacts that we have are Iraqi citizens that have dual citizenship and live in the United States were told they will be getting a major raise in their accounts through Rafidain Bank between today and January 13th. That is a good indicator when they are told they will have an increase to their pay due to retirement, or increase their profit sharing from their oil revenues. All those raises reflect due to a rate change as well. Things are moving it appears from east to west. We had a black out of information out of Iraq and also true in communication normally made by the large international banks. Their communications had a cease and desist order. That is a good sign that things are really happening.
1-11-2018 Intel Guru RayRen98 GOOD INFO IS FLOWING OUR WAY… KEEP AN EYE OPEN ON THE DEALERS AND ON FOREX…THINGS MIGHT UNFOLD RIGHT BEFORE YOUR VERY EYES. IT APPEARS THAT WE ARE STILL ‘ON SCHEDULE’ AND POSSIBLY, JUST POSSIBLY, A LITTLE AHEAD.
1-11-2018 Intel Guru Frank26 …IT IS FROM E TO W NOW AND IN THE HANDS OF THE USA…T…UST…IMF. …IMO THE POURING IN KNOWS SOMETHING WE DO NOT…LIKE MY FRIEND WS [Guru Walkingstick]. THESE ARE THE …ALOHA DAYS…
1-11-2018 Newshound/Intel Guru BGG Article: “Abadi Gives Corrupt Individuals Two Options: Return Money or Face Prison” A quick look back to November of 2017 for those saying Abadi is as corrupt as all the rest and will do nothing about Maliki. I do not believe this to be the case.
1-11-2018 Newshound/Intel Guru Mnt Goat Article: “PRESENTATION OF THE DRAFT BUDGET BILL FOR 2018 IN PARLIAMENT THIS WEEK” …I do not believe this budget has much impact on the RV since the last couple years the budget was out of the DFI process already and the DFI fund is closed out, as we recently heard. However, this is the VERY FIRST budget for Iraq since being taken “fully” out of Chapter VII sanctions.
1-11-2018 Newshound Guru Don961 Article quote: “Nymex crude futures for February delivery rose 0.7 percent to $ 64.03 a barrel by 10:51 am GMT.” Oil is rebounding and the Nymex is above $ 64 for the first time since 2014
11 January 2018 02:13 PM.
1-11-2018 Newshound Guru G-Lin Article: “Iraq and Saudi Arabia discuss the formation of a joint economic coordination council” Quote: “the ministry’s approach to opening up to the private sector for the purpose of concluding partnership agreements under the Companies Law, which allowed government companies to contract with Arab and foreign companies…” The Companies Law was very important. It helps open Iraq up to foreign investors. And I love this statement: “Iraq’s possession of minerals. The largest in the region”.