9-4/5-2012: Iraqi Dinar Guru guesses!! (Updated 4:11 pm, PST)
9-5-2012 Newshound Guru Med WHAT IS TRANSPIRING RIGHT NOW AGAINST CBI IS PATHETIC. BLAMING HIM [SHABIBI] FOR BILLIONS MISSING CUZ OF AUCTIONS WHEN THE MINISTRIES UNDER MALIKI HAVE SQUANDERED TENS OF BILLIONS AND NOT DINAR BUT USD. I SAID…THE CLOSER…THE WORSE IT WILL GET. SHABIBI STATED BEFORE NO MEDIA LANGUAGE OR PRESSURE WILL CHANGE HIS MIND ON WHAT HE IS DOING. [something makes me think this is popping soon.] I SAT IN MY GARAGE THINKING THE SAME **** THING. I CANT PUT MY FINGER ON WHY…ALL THE RUSHING MEDIA BLASTS…EVERYTHING, YES.
9-5-2012 Intel Guru Ray Shabibi is now having a printing company in Germany and one in London reprint all the currency with the kurdish language on it too. All the banks in Iraq that have the misprinted dinar are in the process of destroying it now. Shabibi is meeting with Maliki, the finance committee of Parliament and Parliament early next week to discuss the RV. He told the media that an announcement will be made on TV September 15, giving the new date of the RV. He will then be leaving for the big financial conference in London on September 18 & 19. Also, after that meeting, Saleh will be meeting with the IMF in London and giving them the new RV rate. [part 2 of 3….stay tuned]
9-5-2012 Newshound Guru Doc There are several points of misinformation that need addressed. First the small notes and coins have NOT been issued. There is absolutely no reason to until currency reform has been enacted. Without currency reform the coins wouldn’t even buy the paper wrapped around a piece of gum. Secondly Shabibi’s statement concerning the dinar having the highest value in the ME was always in context of his ultimate goal out in the future. The context of initial rate has always been in the neighborhood of 1 to 1 which is a monumental feat in and of itself. [Post 1 of 2…stay tuned]
9-5-2012 Newshound Guru Adam Montana we are dealing with Iraq – King of Delays. They announced months ago that the new currency would be coming out in September – they were ADAMANT about it! Then they started retracting, and throwing out future dates… the question is “Why?” Were they not ready? Is the HCL too far off? Is there an unseen hurdle to Chapter 7? I can’t answer any of those questions with an affirmative, because in my opinion they ARE ready, the HCL is NOT too far off…articles have been signaling to us that the HCL is nearing completion and has been nearing completion for some time now…and Chapter 7 should be a “rubber stamp” issue – it’s ready to be done…so the answer, in my opinion, is simply this: ANY TIME NOW!
9-5-2012 Intel Guru Ray I know a lot of you were disappointed when September 1 came and went with no RV. I was too. I was able to get in touch with some of my contacts today and have the following information for you. Shabibi had a press conference and explained to all the people what happened. When the banks went to open the boxes to get the new dinar out and get ready to start exchanging for the old dinar, they discovered a printing error. The printer used the wrong art work and printed the currency without the kurdish language on the currency. The kurdish government came unglued when this was discovered. It only had English and Arabic on it and not the Kurdish language too. Shabibi tried to convince the Kurds to go ahead with this currency anyhow due to the cost of printing it and the cost of all the advertising that had been done already. They refused. [part 1 of 3….stay tuned]
9-5-2012 Newshound/Intel Guru BGG Article: “Maliki and Najafi agree to resolve named defense minister as soon as possible” Najafi and Maliki are drawing close to a solution on the Defense Ministry position – one of the most pivotal issues to this investment. Maliki thinking he has some control over Najafi is foolishness though – if Maliki keeps on with his antics Najafi will be the first one to pull the trigger. Bank on it.
9-5-2012 Newshound Guru Doc We sit here pretty much at the same point we’ve been in for several months. Yes, there does appear to be continued focus of the key issues like Ebril, HCl, etc. Published articles continue to highlight this fact. Simply put what we continue to need is resolution of these issues. Hopefully Parliament will act aggressively toward resolution and Maliki will play ball…until then we contend we will continue to look for our holy grail.
9-5-2012 Boots-on-the-Ground Guru WAR Here is the information that I received from the bank manager Ali, why the banks were closed unexpectedly. It seems there were some sort of bank software upgrade that was completed on their international banking system. The bank managers name is Ali, which is a common name here in Iraq and in no way shape or form is he related to this individual from Dinar trade who just so happens to have the same name. One last topic; two individuals from Obama administration arrived last night, part of the strategic framework team that you have been expecting and have been reading about. Due to security issues I can not divulge their names at this time.
9-5-2012 Newshound Guru Adam Montana Well, we’re here! It’s September 5 and this is the month that they said was going to be the big one! I’ve been looking and searching and hunting and I can’t find ONE reason why they can’t do this now…if they are truly going to POP this RV this month, they aren’t going to announce it – it’s just going to happen…one thing we know FOR SURE is that they need the new currency ready before they can launch an RV. There is NO WAY to make change, perform daily transactions, or maintain normal business if they don’t have those lower denoms…so as soon as we see concrete evidence that the lower denoms are circulating…that’s when it is happening – not a moment sooner.
9-5-2012 Newshound Guru Med I THINK RIGHT NOW, UNLESS I HAVE TOTALLY MISREAD IT ALL, WE ARE GETTING EXTREMELY CLOSE.
9-5-2012 Newshound/Intel Guru BGG my honest opinion – I am very optimistic. We’re getting close.
9-5-2012 Intel Guru Footforward Info is all over the place, misinformation, things are just crazy, even coming out of Iraq. Biden went to Iraq, not even for a full day…he was not wanted there & turned around and came back. There are some people there from the U. S., they have not delayed things. They are expecting something to happen very quickly. Good news on the Iraq front. Audits were done in the banks, they closed the banks at the last minute to make sure coins and lower denoms are not missing, they are keeping tight tabs on exactly what they have. That’s why they had this bank holiday in Iraq. The information coming out of the banks on the American side of the pond is very, very, very optomistic, at a level I have never seen before. They’re definitely looking for something to happen right away. I still expect the rate to be good, I expect it to be in the double digits. As far as a date, I expect something right away, as early as this week. Everything that needs to be in motion is in motion. I can’t find any source that tells me this will be delayed.
9-4-2012 Intel Guru Tony There was a lot of good info over the weekend. There are people over there that are supposed to be over there…our people did arrive. A lot of movement of black vehicles. From 7 different sources, the coins and lower denoms are there and they came with directions. Some Chase & Fifth/Third Banks brought their people in on a holiday to do currency exchange training yesterday. Why would they do that? CBI & other banks were closed yesterday, without any warning they didn’t open up. That is a big hint for somebody! I still think our numbers are going to be good numbers, not outrageous, anything over $3.50 is outrageous. I think now and between the middle of the month, anything can happen. I think it’s a good day!!
9-4-2012 Boots-on-the-Ground Guru War This may or may not be of any significance but for some reason all the banks are closed today. Normally they give us some sort of heads-up, and post a sign on the door in advance, but for some reason this was not talked about or scheduled. I will know more on Wednesday, which is going to be, your Tuesday night because of the time difference. Hopefully this is the prelude to our blessed event.
9-4-2012 Intel Guru Gary Major changes going on over there in country. They are moving forward and a lot of things pointing in the direction of they are ready, they are done. That is exciting!! The banks are looking at it in the same anticipation as we are. I am expecting some more positive things going on this week, hopefully some announcements.
9-4-2012 Intel Guru Checkmate I see nothing negative except that it hasn’t happened. The information that we have received that’s going on in the banking institutions either overseas or here is what I have been looking for. I didn’t say it was going to happen today, but I am hoping, I just don’t see it yet.
9-4-2012 Intel Guru BWM it will happen and I don’t see any reason it can’t occur at this time from what I’m hearing. I definitely think the street rate will be under $7.