IRAQI DINAR GURU’S

Iraqi Dinar Guru opinions 3-10-15

Iraqi Dinar Guru opinions 3-10-15

3-10-2015 Newshound Guru Millionday MARCH 8TH IS THE DATE OF THE BEGINNING OF THE REMITTANCE SYSTEM — A REMITTANCE SYSTEM IS THE SYSTEM THAT ALLOWS A COUNTRY TO SEND AND RECEIVE FUNDS FROM ALL OTHER COUNTRIES — THAT WOULD BE THROUGH INTERNATIONAL BANKS AND ALSO MONEY TRANSFER COMPANIES IN AND OUT OF THE COUNTRY — ALL THROUGH WIRE. [how can they do that without a real rate?] THAT WOULD BE WHY EVERYONE IS VERY EXCITED — THIS WOULD REQUIRE INTERNATIONAL COMPLIANCE — AND THIS LEADS US ALL TO BELIEVE IT ALSO SHOULD LOGICALLY REQUIRE INTERNATIONALLY RECOGNIZED CURRENCY — SO WE ARE HOPEFUL THAT IT DOES. [did they begin the remittance…?] THEY HAVE REPORTED THAT THEY HAVE BEGUN THE SYSTEM. [I guess the rate has not changed?] IT DOES NOT APPEAR THAT ANY RATES HAVE BEEN CHANGED AT THIS TIME. Read more…

Iraqi Dinar Guru opinions 3-9-15

Iraqi Dinar Guru opinions 3-9-15

3-9-2015 Newshound Guru Millionday Article quote: “…A unified account of all state institutions in order to accrue interest over the central bank, stressing the need to expand the adoption of electronic payment for its importance in controlling liquidity movement.” SO AS WE SEE HERE — ELECTRONIC BANKING WILL BE USED/NEEDED…THIS MY FRIENDS IS THE BEGINNING OF THE ECONOMIC PLAN THAT WE HAVE BEEN WAITING FOR — HUGE CLUE TO SAY THE LEAST. THE HUGE REFORMS WE HAVE BEEN WAITING ON ARE NOW EASY TO SEE AND READY TO GO — I AM VERY EXCITED — WHOOOPOW. Read more…

Iraqi Dinar Guru opinions 3-8-15

Iraqi Dinar Guru opinions 3-8-15

3-8-2015 Newshound Guru wmawhite IMO…within one act, the CBI tells the banks of Iraq that they have permission to make foreign payments…remittances. The process of sending IQD out of country in order to remit…paying a debt is what changes tomorrow [Sunday]. Let that sink in…up until tomorrow [Sunday] the banks within Iraq that the CBI controls were not permitted to do so. [They said they gave the green light.] Yes they did…The CBI has told the banks to start paying the foreign remittances/debts/bills…show me the money! …they certainly do not what to start sending 1166 IQD out of the country for every 1 USD of debt. If the CBI wanted 1166 to be an international rate it could do that…however, paying 1166 IQD for every 1 USD of debt…Iraq would be broke in hours because there is not enough IQD to paying at that rate. Read more…

Iraqi Dinar Guru opinions 3-7-15

Iraqi Dinar Guru opinions 3-7-15

3-7-2015 Intel/Newshound Guru Tlar IMO the program that started out in 2007 known as “delete the zeros” was terminated on or around Sept/Oct of 2012 by Shabibi. He changed it to “just bring the currency out at 1166” (FLOAT), and then program was changed back again under Turki to the originaql plan of “deleting the zeros” which is where I believe we are today. Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros. Read more…

Iraqi Dinar Guru opinions 3-6-15

Iraqi Dinar Guru opinions 3-6-15

3-6-2015 Newshound Guru Tlar …delete the zeros is the name of this project…it is an event and is an overnight RV at some level…it is a process. The only way the lower denoms could be released is with an immediate increase in value high enough to warrant their release. How many times has the CBI told us that both currencies will circulate for two years since 2010…15, 20? Very, very few articles coming out support a float. More and more continue to support an immediate rate change in value which at almost any rate kills [the] float theory starting at 1166… A good question…Why would they want to bring out a currency at less than its true value. Quite simply they would not. So now with the government firmly behind this project and Maliki not being able to stop or threaten the project or the people at the CBI as he did when he was PM, and with the fundamentals being at least 3x’s better than they were in 2008 when the strategic study said that they could support an immediate increase of 1.13 to 1, I ask again, why in the world would they want to start the currency at 1166? I can give you 20 good reasons why they would not, starting with it could potentially damage an already fragile economy struggling to recover. Read more…

Iraqi Dinar Guru opinions 3-5-15

Iraqi Dinar Guru opinions 3-5-15

3-5-2015 Newshound Guru Millionday Article quote: “Said the Iraqi Central Bank, on Wednesday, he has a tendency to increase gold reserves basket, stressing that he shall move the basket almost daily.” CBI WILL BE ADDING TO GOLD RESERVES VERY OFTEN TO SUPPORT THE VALUE OF THE DINAR. THEY HAVE HUGE RESERVES TO HOLD THE VALUE OF THE DINAR — THAT IS WHAT RESERVES ARE FOR — HARD BACKED VALUE AND CONFIDENCE IN THE CURRENCY. Quote: “…the CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies…” THEY ARE REMINDING ONE MORE TIME THAT THEY ARE INDEPENDENT AND ALSO HAVE THE ABILITY TO SET THE EXCHANGE RATE. Read more…

Iraqi Dinar Guru opinions 3-4-15

Iraqi Dinar Guru opinions 3-4-15

3-4-2015 Intel Guru Delta we have several sources confirmed…this CBI article is for real…100% original fact! This is what we’ve been waiting for! This is amazing! Wonderful confirmation…right from the horses-mouth…this was the announcement from the CBI. The first thing they are going to do is increase the value of the IQD…and gradually introduce the lower denoms. We believe that everything is done. We should/must see the new rate from the CBI in the next 24/48 hours…because of the distributions of the budget. Based on what we see…the budget…and what the Kurds got…the starting rate…could come up at 10 cents…I don’t see the rate coming out higher than 30 cents. Between 10 and 30 cents. We may not have to wait for 2 years to see the rate go higher. Free float may drive it up. We believe they are about ready to pull the trigger. Read more…

Iraqi Dinar Guru opinions 3-3-15

Iraqi Dinar Guru opinions 3-3-15

3-3-2015 Newshound Guru Enorrste Article quote: “Governor of the Central Bank announced…on Tuesday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation…” I am literally “tickled pink” at this announcement. We get a green light on starting the process and, in the same article, a statement that it will take up to two years to implement. That means that a LOP is out of the question and that the float will begin shortly, in my view. I can’t wait to see the first tick up on the official rate! Read more…

Iraqi Dinar Guru opinions 3-2-15

Iraqi Dinar Guru opinions 3-2-15

3-2-2015 Newshound Guru Millionday Article quote: “Office of the Prime Minister Saad al- Sabri, that the application of Article 140 of the Constitution after the procedure will eliminate Daash terrorist gangs in the disputed areas.” THEY ARE NOT ACTIVATING ARTICLE 140 UNTIL DAASH IS ELIMINATED PER THIS REPORT. IT IS NOT THAT THE BORDERS ARE NOT BEING DEFINED — IT IS THAT IT IS NOT AN EASY TASK WITH DAASH ON THEM OR IMPACTING THE PROCESS. [What is article 140…?] ARTICLE 140 IS PART OF THE CONSTITUTION THAT DEFINES THE AREAS THAT ARE PART OF KURDISTAN… IMPORTANT FOR COSTS AND BUDGET ETC. Read more…

Iraqi Dinar Guru opinions 3-1-15

Iraqi Dinar Guru opinions 3-1-15

3-1-2015 Newshound Guru Breitling The intent of the CBI is EXACTLY the same…what do they want to do? They want to get it to a US dollar and after that they want to change the economic policies a little bit and get it to $3.00…and that’s that. This [50 dinar note retirement] revealed to us the time frame…they are not going to come out at a buck…this tells us they are going to come out as a float. There is always a couple scenarios so we’ll see how it goes…the wealth of the 50 dinar notes is going into your dinar coming up pretty quick so Happy Birthday! Read more…

Iraqi Dinar Guru opinions 2-28-15

Iraqi Dinar Guru opinions 2-28-15

2-28-2015 Newshound Guru Kaperoni Article quote: “…the 50 dinars born “dead” because they are too small and can not be accepted compared to other groups.” [I take this as just more confirmation of good things to come and it has started.] I do agree..and the time limit of only 60 days seems to tell me that they wanted to get this over with quickly so they can pursue that new policy. Quote: “A source in the CBI told the “term” that “the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last.” I think the very fact that they mention deletion of zeros as a possible reason in this article implies that process is coming sooner than later. Especially when they are only providing 60 days to redeem. […if an initial revaluation was coming first, the 50 note would definitely have value. to see it being removed leads me to believe the plan is already in place to come out with a float which means at least for a stretch of time the 50 note will have no significance and should be removed.] …it will come out at 1166 and rise. Not including any correction that may occur. Read more…

Iraqi Dinar Guru opinions 2-27-15

Iraqi Dinar Guru opinions 2-27-15

2-27-2015 Newshound Guru Millionday CBI IS PULLING THE 50 DINAR FROM THE STREETS OF IRAQ RIGHT NOW AND WILL BEGIN ON MARCH 1ST AND END APRIL 30TH. THESE NOTES WERE ISSUED AFTER THE 2003 ECONOMIC CHANGES THAT OCCURRED — HOWEVER AT THAT TIME IN THIS SERIES THEY WERE NOT VERY USABLE DUE TO THE REFLECTED PRICING THAT OCCURRED WITH THE IMPOSED RATE — SO THE NEW SERIES WILL BE PUT ON THE STREET IN THIS CATEGORY. [is this in country and outside too? All?] THIS IS RELEASED TO THE CITIZENS SO THAT THE 50 DENOMINATION CAN BE EXCHANGED TO BE THE NEW SERIES AT THIS TIME — NO REGULATIONS HAVE BEEN RELEASED YET IN INK TO TELL CITIZENS OR INVESTORS OUTSIDE THE COUNTRY OF ANY NEW REGULATIONS FOR THE BILL OR WHAT TO DO WITH THEM ETC. THERE ARE IRAQIS OUTSIDE THE COUNTRY AND PEOPLE THAT HAVE 50`S OUTSIDE OF IRAQ…WE WOULD EXPECT SOME REGULATION RELEASED FOR THAT — WE HAVE TO WAIT AND SEE. Read more…

Iraqi Dinar Guru opinions 2-26-15

Iraqi Dinar Guru opinions 2-26-15

2-26-2015 Newshound Guru Millionday IT LOOKS LIKE THEY ARE ASKING FOR EXECUTIVE ORDERS WITH HCL — FROM BASRA…THEY ARE ASKING THE PRESIDENT TO MOVE FORWARD WITH THE HCL PER AGREEMENTS MADE. [Does the HCL have to be done before they can do anything with the Dinar?] THAT WOULD BE UP TO THE PLAN THEY HAVE FOR THE COUNTRY… THE TIMELINE THEY ARE WORKING WITH HAS NOT BEEN RELEASED TO US — WE DONT KNOW THE DATE…THEY…ARE WORKING VERY HARD TO MOVE FORWARD — ABADI PROMISED TODAY TO THE CITIZENS THAT THE ECONOMIC CRISIS WOULD END — THAT IS A HUGE STATEMENT. Read more…

Iraqi Dinar Guru opinions 2-25-15

Iraqi Dinar Guru opinions 2-25-15

2-25-2015 Newshound Guru Enorrste Article: “Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers” Can you imagine the reaction of a local Iraqi businessman when he goes to the bank to buy some dollars and is told that they don’t have any? What else could he do except use dinars, right? Talk about turning the tables quickly! Sure, some will find ways to get dollars from other sources, but not nearly enough. Eventually, and probably sooner rather than later, people will realize that they have to use their own currency. This will stabilize the market, at which point the CBI will be in position to allow the float. As some have suggested, they may not even make a big thing about it. The value of the dinar will just begin to rise, and the official rate will rise with it. Of course at some point they will have to drop the fixed official rate. Read more…

Iraqi Dinar Guru opinions 2-24-15

Iraqi Dinar Guru opinions 2-24-15

2-24-2015 Newshound Guru Millionday [Did we get confirmation that the rest of the budget got into the Gazette?] YES THEY ANNOUNCED THAT THE ENTIRE BUDGET HAS BEEN PRINTED — ACCORDING TO A COUPLE REPORTS…SO ACCORDING TO THEM IT HAS AND IS TO BE ACTIVATED NOW AND DISTRIBUTIONS WILL BEGIN THE BEGINNING OF THIS WEEK. [ if the whole budget has been placed in the Gazette, doesn’t that mean that the CBI has to fund it in the next 24 hours?] NO IT MEANS THAT THEY WILL BEGIN AND THEY HAVE STATED THAT THEY ARE AT THE BEGINNING OF THIS WEEK. Read more…

Iraqi Dinar Guru opinions 2-23-15

Iraqi Dinar Guru opinions 2-23-15

2-23-2015 Newshound Guru Millionday CBI HAS STATED THAT THEY ARE GOING TO STOP THE AUCTIONS FOR FOREIGN REMITTANCE AND THAT WOULD REQUIRE INTERNATIONAL ACCEPTANCE AND ALSO IS PART OF THE MONETARY POLICY PER THE REPORT — THE BUDGET HAS BEEN PRINTED BUT THE REVENUES AND THEY HAVE DIVIDED THE BUDGET INTO TWO CHAPTERS — WE DONT KNOW IF THIS IS BECAUSE OF THE DISTRIBUTION OR FOR ANOTHER REASON UNLESS WE GUESS AND WE ARE NOT GOING TO DO THAT …THEY ARE NOT AND I REPEAT — ARE NOT GOING TO RELEASE EVERYTHING BEFORE IT IS DONE. …WHAT WE KNOW AND CAN SEE…THE BUDGET IS DIVIDED INTO TWO CHAPTERS — AND DISTRIBUTION IS EXPECTED THE BEGINNING OF THIS WEEK — WE HAVE TOMORROW A MEETING WITH PARLIAMENT AND ABADI…WE HAVE AMENDMENTS BEING DONE TO THE INVESTMENT LAWS PER REQUESTS BEING GIVEN TO THE GOV. I HAVE TO SAY — THIS ALL LOOKS VERY POSITIVE…THEY ARE SHOWING HUGE PROGRESS THAT WE HAVE NOT SEEN BEFORE. Read more…

Iraqi Dinar Guru opinions 2-22-15

Iraqi Dinar Guru opinions 2-22-15

2-22-2015 Newshound Guru Enorrste Article quote: “Governor of the Central Bank, explained that “It is not true that the central stays busy selling the currency like ATM daily”, stressing that “the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it.” …the definition of foreign remittances: Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies’. The CBI is stopping the auctions, effective tomorrow morning. This is a fact. We know that the auctions were the primary monetary tool that the CBI used to hold the exchange rate on the street within 2% of the official CBI rate for the dinar. To summarize: the auctions are ending, being replaced with foreign remittances. Foreign remittances are only possible with a freely convertible currency. A freely convertible currency is one that is internationally recognized. In order for this to work, the CBI will have to move from a fixed rate regime to a floating currency or suffer from inflation. Therefore, I predict that they will do so sooner rather than later. I predict within the next 15 to 45 days… Read more…

Iraqi Dinar Guru opinions 2-21-15

Iraqi Dinar Guru opinions 2-21-15

2-21-2015 Newshound Guru Millionday Quote: “All banks reported this mechanism”, and as pointed out that “the Central no longer a party to the process of buying and selling the currency,” revealed that “on Sunday will be the application of this mechanism.” THIS IS…A STATEMENT FROM THE GOV OF CBI…ALL BANKS ARE READY AND HE IS PREPARED TO MONITOR THE ENTIRE POLICY- THE NEW ONE…NO LONGER WILL THE AUCTIONS BE PART OF THIS. THIS IS THE MARKET MECHANISM WE HAVE BEEN TOLD HAS BEEN PLANNED. HE WILL AND THE EXPERTS WILL BE CHECKING THE REMOVAL OF THREE ZEROS TRANSITION AND THE STEPS TO COMPLETE IT…AS IT WILL TAKE TIME…FOR THE PROCESS TO BE COMPLETE…FROM BEGINNING TO END. [So according to this…tomorrow (Saturday) should be the last auction correct?] YES…THAT IS THE FIRST SIGN WE SHOULD SEE — NO MORE AUCTIONS. IN THE MORNING THE ACTIVATION OF THE MONEY LAWS WILL BE DONE AND ALSO ALL THE STEPS DESIGNED TO MOVE FORWARD WITH THE EXCHANGE RATES AND ITS STABILITY ALONG WITH FOREIGN EXCHANGE RESOURCES DESIGNED TO MEET THE NEEDS OF THE BANKING REFORM…THIS MEANS THE 22ND OF FEB — SUNDAY. Read more…

Iraqi Dinar Guru opinions 2-20-15

Iraqi Dinar Guru opinions 2-20-15

2-20-2015 Newshound Guru Millionday “the Iraqi government requires them to sell $119 million worth of crude oil per day to clog the employees’ salaries,” expected “overcome this crisis with cash that the Iraqi government is facing in the coming months. Mutlaq said that “the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.” THEY ARE REFERRING TO A COST ANALYSIS — THEY MUST SELL 119 MILLION US DOLLAR TO COVER WHAT THEY HAVE BUDGETED FOR THE MINISTRIES…THOSE OF US THAT HAVE BEEN HERE A LONGTIME KNOW THAT WE HAVE NOT READ THESE WORDS BEFORE FROM IRAQ — FUNDING THE MINISTRIES — WHOOPOW …I FIND IT INTERESTING THAT THEY DO NOT STATE THE DINAR AMOUNT — THEY WILL ONLY BE USING THE DINAR FOR THEIR NATIONAL CURRENCY PER REGULATIONS BY THE CBI — THE OIL IS PAID FOR IN US DOLLAR AND SENT TO THE CBI AND EXCHANGED THEN FOR DINAR. Read more…

Iraqi Dinar Guru opinions 2-19-15

Iraqi Dinar Guru opinions 2-19-15

2-19-2015 Newshound Guru Millionday …PARLIAMENT FINANCE IS INVESTIGATING WHY THE BUDGET HAS NOT BEEN PRINTED IN THE GAZETTE. I HAVE TO SAY — I JUST DON’T THINK IT IS PRINTED YET — I WOULD SAY ALL MEDIA WOULD HAVE IN IT THAT IT WAS PRINTED SO I STILL DO NOT THINK IT IS PRINTED IN THE GAZETTE.

2-19-2015 Newshound Guru Millionday UPDATE ON THE PRESIDENTIAL MEETING THEY ARE HAVING… THEY ARE MAKING AN AGREEMENT TO FOLLOW THE CONSTITUTION AND ALSO THE AGREEMENT ON OIL-THE BUDGET — AND THE ERBIL AGREEMENT WITH THE GOV PROGRAMS — THEY HAVE MADE HUGE AGREEMENTS WITHIN THE COUNTRY AND THEY ARE STATING THEY HAVE TO MOVE FORWARD WITH ALL THAT HAS BEEN DONE — THE MEETING WITH THE PRESIDENTS IS POSITIVE AND ALSO VERY PRODUCTIVE IF THEY FOLLOW THROUGH — WHICH IT APPEARS THEY WILL BE HAVING SOME HUGE ANNOUNCEMENTS…IT APPEARS AS IF THEY WILL BE RESOLVING ALL OUTSTANDING ISSUES. Read more…