Iraqi Dinar Guru opinions 4-24-18
Iraqi Dinar Guru opinions 4-24-18
4-24-2018 Newshound/Intel Guru Mnt Goat RUMOR: In Kurdistan banks exchanging damaged bills and three zero notes and giving out lower denom’s of five’s, two’s and ones. The citizens in Iraq are NOT exchanging anything. I would not use the term “exchanges” but rather “turning in”. …Also if any banks are issuing the 5,10 and 1 dinars it is not with the permission of the CBI. It is a mistake and the CBI will correct this mistake. So recently the CBI simply asked the citizens in Iraq to look under their mattresses and backyards for their hoards of the 3 zero notes. Then bring them in and deposit them in their bank account. They need to collect these notes prior to the RV to reduce the money supply first prior to issuing a new set of currency. Yes, some “smaller” notes are being given for some of the money turned in but certainly not fully replacing 3 zero note amounts for exact same amounts in the newer lower denominations. Why would they do this?
4-24-2018 Newshound Guru Kaperoni I can assure you nothing is going to happen with the dinar or the monetary policy at the CBI for at least two more months maybe longer because they have compliance commitments to meet with the IMF first. And then and only then when they’re in compliance and the elections are completed and the new government is formed will they consider moving forward by moving to a float and leaving the peg.
4-23-2018 Newshound Guru MilitiaMan …This is a time for to be Focused and not to be disheartened or worried. The writing is on the wall and the word of the day imo is IMPLEMENTATION…Lets not forget the recent WB implementations, the GOI banknote law yesterday, abadi telling the world effectively he started the reconstruction, construction, investments and Paying salaries, borders, etc..
4-23-2018 Intel Guru RayRen98 It’s confusing when we are getting different information from different sources. We heard that North America was ready to go from Friday evening, while Iraq is officially saying something different… and our sources in Iraq are saying something else again. Reportedly from Sunday…Demonstrators took to the streets in Baghdad demanding fair pay. Rafidain Bank is underwriting 5-year loans to the citizens for vehicles. Abadi leads Sadr in the polls. Abadi and Maliki are being discussed on TV strongly contesting each other. Monday Reports from Iraqi TV…UDB Bank has announced acquiring the necessary licensing to issue Vista International Credit Cards to the citizens of Iraq. Abadi is paying the farmers in Erbil back pay to the amount of 41 billion dinar.
4-23-2018 Newshound Guru Frank26 “Central refuses to distinguish between categories of banknotes” Quote: “The Central Bank of Iraq refused on Saturday, 21 April 2018, to distinguish between categories of banknotes, considering discrimination a legal offense.” MY JAW BROKE WHEN IT HIT THE FLOOR AFTER READING THIS TODAY…I LOVE IT WHEN YOU SAY…”NOTE”…AS IN SMALL…LOL
4-23-2018 Newshound Guru Mnt Goat The CBI posted bank instructions and procedures on the CBI site for the banks on how to turn in the 3 zero notes. Logically at some point the citizens will want to take these older notes and turn them in. The banks are going to get flooded with these notes. So why not designate only special centers to turn them in? They have done so…Remember way back in December 2017 when the CBI came out and told us that they just completed a yearlong project to distribute the new smaller notes. In particular they talked about the newer 500 and 1,000 dinar category “smaller” notes. They used the term “smaller” notes not the lower category notes, as they usually did in the past…
4-23-2018 Newshound Guru Mnt Goat …Why was this wording changed? I quote from the article – “He revealed that “THE CENTRAL BANK HAS ANNOUNCED A TENDER FOR THE PRINTING OF NEW BANKNOTES (SMALL CATEGORIES) AT THE INTERNATIONAL PRINTING COMPANIES.” I quote again from the same article – “The source said that “the Central Bank TO SHIP CASH FROM SMALL GROUPS TO GOVERNMENT BANKS AND PRIVATE BANKS HAVE BEEN DISTRIBUTED AMOUNTS given to banks during the month of November last year”. (and ended November this year). These are the newer polymer, high security notes….remember? What does this mean?
4-23-2018 Newshound Guru Mnt Goat …The CBI has told us many times their main concern is to get the large 3 zero notes out of circulation (reduce them by 2/3) prior to the RV, meaning mostly the 25,000 notes but also including 5,000, 10,000, and 50,000 notes but they are much less of these other notes in circulation. So, we can see that with about a month to go before the elections taking place that the CBI is still moving ahead with the process to collect these large three zero notes especially these 25,000 notes. Also, we see the CBI instructions and procedures to handle these bank notes once they are turning in. All this latest action at the banks is being put forward for ONLY this purpose. That is all it is. So please don’t read more into it than it really is.