8-19/20-2012: Iraqi Dinar Guru guesses!!
8-20-2012 Newshound Guru SWFloridaGuy Article: CBI: The project to delete the zeros will pass after the end of the political crisis. The CBI announced announced that the project to delete the zeros will pass within the House of Representatives and Minister after the end of what he called “political storm.” Saleh said the project to delete the zeros will pass within the House of Representatives and that all the blocks are in agreement on its importance and relevance for the Iraqi economy. A national project such as deleting the zeros of interest to a lot of officials and advisers will not be neglected, noting that the next phase will see the final approval.
8-20-2012 Newshound/Intel Guru BGG Here’s just a few of the things they have planned for right after “the feast” – the Erbil agreement, Article 140, HCL, Security and Defense Ministers announcement, a National Conference (upon Talibani’s return), The Supreme Judiciary Law and the Amnesty Law…(that I can think of…All of which get kicked off after August 23rd).
8-19-2012 Intel Guru Hammerman Ramadan is over, now they celebrate for 3 or 4 days…then we start to find a rv…the end is near I believe…i still see where we could get to late sept but this week late looks good.
8-19-2012 Newshound Guru Doc The question remains as to is this reported information real. As always only time will tell and we should see additional hints over this next week. We would love to see an agreement on Ebril announced next week and Parliament ratify it ASAP. We contend this would start the ball rolling very rapidly. We also love the CBI pushing forward despite the obvious stall tactics by Maliki. We also are encouraged by reports the CBI is once again reducing liquidity. All this is extremely encouraging and points to Shabibi pulling the trigger in the near future. Nothing reported suggests to us a different timing than previously reported as September to EOY. We report, you decide. [Post 2 of 2]
8-19-2012 Intel Guru TerryK i have been saying for months, right after ramadan AUG 23-30, and with the coins 1, 5, 10 dinar coins coming out…That means it is done…logic says if they are coming out with 1, 5,and 10 dinar coins, they have to RV for any of these to have value.
8-19-2012 Newshound Guru Mailman17 LOOK BACK ON JUST WHATS TRANSPIRED THE LAST 2 WEEKS – ERBIL, 140, HCL, MINISTERS. ALL MOST LIKELY TO BE DONE AFTER THE 23RD OF AUG. NOW…ADD THE UNS GROUP HEADED BY THE US, THE NEWS HAS BEEN NOTHING BUT OUTSTANDING…FOLLOW IT AND YOU WONT GO WRONG…LETS SEE IF THIS TRAIN FINALLY HAS COME TO THE STATION WE HAVE ALL BEEN WAITING AT.
8-19-2012 Newshound Guru Kaperoni Draft law to delete zeros will pass shortly after the end of the “whirlwind.” The CBI came out with some interesting articles pertaining to the Dinar today. “CBI – draft to delete the zeros will pass after the political crisis.” and “Central Bank is talking about to delete the zeros and the replacement of currency beginning 2013 ‘a fantasy’ “.
8-19-2012 Newshound/Intel Guru BGG Article: “Central Bank: We seek to adopt an electronic system in financial transactions. Central Bank announced that it seeks to limit the use of banknotes in the country because of security conditions that make the transfer of money difficult and risky.” Here’s an interesting piece when coupled with the other implications and the various technical aspects of a possible currency adjustment in Iraq. This will help out with some of the “mass hysteria” that is sure to accompany this event. They also don’t want common people getting robbed of “hard currency” immediately after coming into some money (post-RV).
8-19-2012 Newshound Guru Doc We sit here with Ramadan just about over…we did not expect the RV during this time. We did expect was many under the table deals to be put into place and several are starting to emerge. Among those appear to be great movement toward structuring an agreement around the Ebril issues. We have also witnessed Maliki trying to stall Shabibi once again but this time Shabibi said “NO MORE!” Also the GOI appears on board now . If the reported issuing of the lower denoms is accurate we should see the RV in the same time period. It would make no sense to issue a 5 dinar note at the current exchange rate which would make that note worth about 1/2 of one cent USD.
8-19-2012 Newshound Guru Mailman17 THERE IS NO WAY IN **** IRAQ WITH A 67 BIL RESERVE, WITH 780 BILL FROZEN AND NOW POSSIBLY 5 TRIL WORLDWIDE, ADDED TO THE FACT THAT THE PARIS CLUB WOULD FORGIVE A MEASLY AMOUNT COMPARED TO THAT, THAT A LOP IS EVEN A POSSIBILITY, IRAQS ASSETS…PERSPECTIVELY USING FRACTIONAL BANKING CAN EASILY…AND I REPEAT…EASILY NOW HANDLE A 1-1 AND THATS WHERE I THINK WE ARE HEADED VERY SOON. TALABANI COMES BACK TO MAKE AN ANNOUNCEMENT SUPPOSEDLY ON THE 26TH. IMO…HE IS ANNOUNCING THE RV, EFFECTIVE…FINGERS CROSSED…SEP 1.
8-19-2012 Newshound/Intel Guru BGG Talabani did actually address the nation of Iraq. He was talking of applying all these principles, Erbil, the Constitution, etc. into this National Conference. The next few days should be critical to see where we stand in this investment. I would look for some significant political developments in the next few days into the end of next week. It is not out of Iraq’s hands, when they get these things solved, we will be nearer to an immediate currency shift. We are on the backside of this. All the news is looking up.
8-18-2012 Newshound Guru Eagle1 In the last couple of days, Dr. Shabibi has announced that the CBI will release 1 Dinar, 5 Dinar and 25 Dinar coins for public use and trade on September 1. It makes no sense whatever to issue a 1 or a 5 Dinar coin if the RV has not taken place. What good is a 5 or even a 25 Dinar coin if a loaf of bread costs 3,000 Dinars (current price of a loaf, pre-RV). If indeed the plan is to release these coins for use on September 1, then August 26 makes sense for the RV announcement. (And that doesn’t mean the announcement will wait that long. It could actually occur even sooner.) [post 3 of 3]
8-18-2012 Newshound Guru Eagle1 Shabibi made it clear some weeks back that he wanted Talabani to make the actual announcement of the RV. Iraq’s President Talabani has just returned (according to unverified info) or will return before the end of this week. Talabani has already indicated in advance that he will be calling a public event on Sunday, August 26th. While there are possibly other reasons for this announced event, there is a general consensus among our analysts that we will have our RV announcement on that date. [post 2 of 3…stay tuned!]
8-18-2012 Newshound Guru Eagle1 12 days ago Dr. Shabibi announced his intention to begin selling some of the gold in their vaults, but it didn’t actually begin until yesterday…what does this have to do with the timing of the announcement and the rate? I can tell you that when bankers are faced with unknown prospects such as those the CBI faces knowing that they could very well have more folks cash in their Dinar than their statistical model indicates, they tend to be almost overly cautious. From a banker’s perspective, it is very prudent for them to increase their U.S. Dollar reserves in preparation for a potential run when the announcement is made. [post 1 of 3…stay tuned!]
8-18-2012 Newshound Guru Randy Koonce [via Patrick] when Talibani returns we will see a conference and then soon after that this whole thing is over. One of the biggest falsies is that the GOI has to be stable before it will RV. Truth is that the GOI will never be stable until they release the money.
8-18-2012 Newshound Guru Mailman17 THE CBI IS READY…AND HAS NO PATIENCE LEFT. IT APPEARS THE GOI IS ALSO. THERE IS ABSOLUTELY NOTHING WE CAN WAIT FOR ANYMORE EVERYTHING IS ON THE BOARD HCL, MINISTERS, ERBIL, 140, KUWAIT, AND ITS ALL PLANNED FOR AFTER THE 23 OF AUG.
8-18-2012 Newshound/Intel Guru BGG If they get much passed this holiday, I think Maliki will be in a world of trouble. People are starting to realize who is causing their day to day drama. There is also a possibility they will remove Maliki, they will take him out, this is still on the table. Talabani was to be back about the 16th and hold the National Meeting. I wouldn’t worry…I think he will be back soon, I think it will be delayed about a week. I think we will see the National Conference in the next 6 – 10 days. The fact that Talabani is coming back and will announce the National Conference is massive, huge. Between now and next Friday, we should know where we are headed. This is not a berrible set back. I think the next few days will be very interesting and we are in a great spot. They are very close to the HCL law, they have never been this close. I do think we are in the end game here. I think we are pretty close.
8-18-2012 Intel/Newshound Guru Poppy3 Talabani was scheduled to come back to Bagdad on Thursday, but that changed. The rumour that the ministers were seated is not true. The people on the streets of Iraq are getting more of the truth of what is going on and are getting more pissed off, they know who is causing it. They are having closed door meetings and making progress. It’s a timing thing, timing of the National Conference. Everything is pointing to the end of this thing.