Iraqi Dinar Guru opinions 11-15-16
Iraqi Dinar Guru opinions 11-15-16
11-15-2016 Newshound/Intel Guru BGG […if three zeros are removed, a hypothetical is, eight $25,000 note would become a $25 note is that correct?] First off – it’s a 25k DINAR note… worth $25 USD (currently)…and when they get done revaluing – no matter what the USD value is – or should be OUT OF IRAQ…inside Iraq – 1 Dinar will still be worth 1 Dinar…a Dinar is a Dinar… so ask yourself – again, when they are writing these articles about their currency – who are they talking to? Iraqi’s – where a Dinar is still going to be worth a Dinar…so what are they removing? …it’s NOT A LOP – that is what taking a 25k (IQD) note to a 25 IQD note would be – and there’s NO WAY…So…if it’s NOT NOMINAL VALUE… AKA – .0086 >> .86 and it’s NOT A LOP… AKA 25,000 = a 25 IQD note…then what is it? a removal of the bigger – 3 zero notes over a period of time…
11-15-2016 Newshound Guru mike Article: “CBI decision to remove three zeros from the currency of Iraq beginning in 2017″ …even if they “start” the process in 2017, there’s still a ton of work to be done. We know they need to fix the MCP and liberate the exchange, but they also need legislation to encourage the foreign capital needed to rebuild. Some kind of economy is also going to be required to create demand for Iraqi products as well. Here’s hoping they get on the ball and demonstrate a movement towards the open market economy instead of talking about beginning the process, the sooner they do, the sooner they’ll get to a dime.
11-15-2016 Newshound Guru Kaperoni For those who don’t know, deleting or dropping the zeros in the case of Iraq won’t happen overnight. It’s going to take time. The zeros will go away one by one as the dinar rises in value. What causes the value to rise is what is known as “supply and demand” Or what some call “market forces”. Meaning as investors and investment comes into Iraq, it will drive the value of the dinar up…Which will cause the zeros to go away naturally over time. There is no RV or single event. This is well documented in the IMF…Stand by Agreement.
11-15-2016 Intel Guru Frank26 2017 is the time when they will introduce the LOWER DENOMS…but it NEEDS A NEW RATE. [Guru] Delta told me…this was being introduced with great confidence to the citizens…RED ALERT! Dec 7th, 2016 the IMF board will do a review of lifting the 3 zeros. Saleh says we will delete the 3 zeros…from the exchange rate. “We will DELETE the 3 zeros from the payment of the dinar in Iraq.” THAT IS HUGE! But…they have to RAISE THE VALUE OF THEIR CURRENCY FIRST! They even said that the LOWER DENOMS will exist parallel with them for the next 10 years! Yes…they must change the VALUE BEFORE the new notes…as to not confuse the citizens..
11-15-2016 Intel Guru Frank26 IMO – this month…November 2016…up until December 2016…I believe they need to change the value of their currency for 2017. From November 7th to December 7th – these are the golden periods that the IMF works with the CBI…and we will see if there is a change before 2017. IMO – does this not show they are in Article 8 compliance? The rate may be…10 to 20 cents…but their goal is to get to 1 to 1…THIS YEAR…2016…that way it can be introduced to the INTERNATIONAL community at 1 to 1 by the 1st of the year. THE RATE HAS TO CHANGE BEFORE JANUARY for any of this to have LIFE.
11-14-2016 Intel/Newshound Guru Mnt Goat …recently we heard all the very good news about the Reconciliation Law effort being drawn up and now presented to all of the secs for acceptance… They are very serious this time. The law also conditions what will happen to Mosul provinces post ISIS and all the non-Iraq fighting forces in Iraq. It is very significant and CAN NOT fail if we expect to get an RV. Then they popped out news about the HCL. They told us it too is all completed but still needed the law presented to parliament and passed to make it all legal and long lasting. It now sits in parliament waiting for the final readings. We also know it is in the 2017 budget which will be voted on Nov 26th…so we are told.
11-14-2016 Intel/Newshound Guru Mnt Goat Article: “…the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January 2017..” WOW! Now they even gave us a closer timeframe. They actually said January of 2017 not just early in 2017…WOW! So we are getting very close to this target. I am very excited and so should you.
11-14-2016 Newshound Guru wmawhite […[Guru BGG] bgg mentioned it might come out as excotic currency what does that really mean?] If it has value and there is someone on this planet that will exchange it for me, it doesn’t matter.
11-14-2016 Intel Guru SteveI [Dropping the three zeros is merely a description of the coming new lower denomination currency. On the magic day whatever day that is…The lower denominations will be announced and issued …including a 25 dinar note, a 10 dinar note, the 5 dinar note, and so on…Concurrent with that event the exchange rate will be updated to whatever value they have determined…Be it $.85 to the dinar, or $1.16 to the dinar, or $3.45 to the Dinar…] This is how we believe it to happen…
11-14-2016 Newshound/Intel Guru BGG …there have been several BARN BURNER ARTICLES lately…Here’s a couple of…headlines from the last few days… “Reasons to delete three zeros from the Iraqi dinar and what it means to delete the zeros from currency”; “The central bank begins its first steps to delete the three zeroes from the currency”; “The CBI decision to remove three zeros from the currency of Iraq beginning in 2017″. They are pretty much telling us what’s happening…it’s VERY EXCITING!