Iraqi Dinar Guru opinions 7-15-17
Iraqi Dinar Guru opinions 7-15-17
7-15-2017 Newshound/Intel Guru Mnt Goat I had many questions on the topic of what the new denominations would be when the CBI does finally launch them. Newer notes as follows: Bills: 1 dinar, 5 dinar, 10 dinar, 25 dinar, 50 dinar, 100 dinar…Coins: 10 fils, 25 fils, 50 fils and a 1 dinar with lower coins of 1 fils, 2 fils and 5 fils added later as the economy improves and the value continues to rise. I believe (it is my opinion) they will launch more of the 50 dinar notes and the 100 dinar notes JUST BEFORE or AROUND the time the rate changes to 1:1 with the US dollar around a value of 1.00+ per IQD to the USD. Remember also the CBI told us the IQD 3 zero notes will coincide with the newer notes for up to 10 years. So we all heard by now ISIS liberation is fully completed in Iraq and it is now “official”. Now Iraq moves on to the next phase. This I believe, will be with extraordinary economic growth, investment and prosperity for Iraq (and us investors).
7-15-2017 Newshound Guru Breitling Just so you know…very very positive stuff for us. It’s all positive 100%. But I want you to be sober. Don’t get into the hype. Don’t get into the emotional and buying into the hype…Don’t do anything until it actually gets to the rate you want to exchange with. (not cash in…exchange. It’s an exchange). We’ll go from there.
7-15-2017 Newshound Guru Islandg1211 Eight months ago, I posted that we would need to see in this order before the RV…the following:
1) Mosul Liberated, Announcement by Abadi, and a Celebration. Done.
2) Agreement with Kurds, including oil and territory settlement, then finally the HCL will be in position to be passed by the GOI. (Kurds, including Barzani and the oil minister from Baghdad meet today…) Getting Done.
3) CBI re-educating citizens on the deletion if the three zeroes (we are seeing the payments in country with e-dinars, CBI website upgraded to BIS), and finally
4) Iraq being compliant with Article VIII with the IMF and 5 – UN lifting sanctions and the RV.
The IMF is meeting with Iraq in DC this week. The UN came out a couple of days ago and told Iraq they need to be Article VIII compliant/RV. The lynchpin to the RV, now that Mosul has been declared liberated by Abadi, the Kurds and Baghdad finalizing the HCL agreement. Barzani wants independence, and this agreement is going to have to allow for that contingency in order to get him to sign off on it.
7-14-2017 Newshound Guru G-Lin Articles: “US pledged an additional $ 119 million to help Iraq” “EU: Additional €30m in Humanitarian Aid for Iraq” “China offers Iraq $11.7m for Reconstruction” You think there might be something special about Iraq? I can’t keep up with the total number of countries contributing financial aid to Iraq. Very telling to me.
7-14-2017 Newshound Guru MilitiaMan Article: “The Supreme Islamic Iraqi Council (ISCI) spokesman Sheikh Hamid Maaleh al-Saadi said on Wednesday that it was time to launch a national reconciliation project.” The national reconciliation has been in the works for years. Mosul is free and the CBI is celebrating, as have the citizens been now for days while enjoying purchasing power. They have been put first, investors are next! They are saying they are now open for business internationally… A celebration at the newest Central Bank of present today…National Reconciliation is obviously done now. The largest commodity a country has imo, is their currency.. A strong one indeed is in order for Iraq. She is set to be on stage now to show the world her FORMER GLORY!
7-14-2017 Intel Guru RayRen98 …today’s news, “economic reforms are presented to the World Bank”, presumably today. There are rumors that a full seated government needs to be in place, and that there are still a few neighborhoods in Mosul that need to be cleared. Some think those are significant, and others say those are minor points. I don’t know. What could be so important that MSNBC is reporting live from Iraq at 10pm EST tonight? We’ll find out at 10pm, or maybe even sooner. There should be some interesting bits of information over the course fo the weekend, although there are no promises. There is expectation of information to come out, and we’ve heard that before, but think about the intel this week – that makes a difference. What are you now learning that is factual? “Economic reforms have been submitted to the World Bank.” That’s significant, and combined with other tidbits, it could be exciting this weekend. We’re almost there.
7-14-2017 Newshound/Intel Guru Randy Koonce I have waited until Mosul was liberated, and announced, to make the next note… Here are my thoughts of where we are: 1. NO it will not RV only ‘in-country’. If it is just ‘in-country’ – There is no RV! It is still paper with numbers… however, 2. The RV will occur! The purpose of the RV (at last one of the purposes) is to give the Dinar enough value so that it can be useful in the “Rebuilding” of Iraq…And we all know the damage that has been done, and the need that is there, especially for the people of Iraq. 3. Will I be able to exchange in the US? YES! There will be only one rate… Stick to large banks like Bank of America, Wells Fargo, Citi Bank, HSBC, Chase. These Banks will have no problem with exchanging it… Some smaller Banks will exchange as well, but they have to rely on upstream Banks in their system, and the fees will probably be higher in the smaller banks..
7-14-2017 Newshound/Intel Guru Randy Koonce 4. Is There any thing else to ‘have to do’ for the RV to happen? NO NO NO NO. 5. If you are told to check out a bank site someone says is the new CBI site, just be sure you follow “cbi.iq”. That is the safest and most secure information to be had – from the horses mouth…Just saying. …since the last update, the announcement of the liberation of Mosul is the first significant change that has happened and therefore warranted an update… We were in a holding pattern until Mosul was done. Well, NOW it’s done. The Window opened when Fox, and all the news media outlets, said Mosul was liberated which was Tuesday this week. On Tuesday, it was absolute, and there was no more hedging or iffy announcements. The window is VERY GOOD until Monday the 24th of July…So, the next 10 days, give or take, a lot can happen.
7-14-2017 Newshound/Intel Guru Randy Koonce 6. Will the Dinar Float? The answer is NO. For the most part they will have to RV the currency somewhere above $1.20… Why above $1.20? Because they want to get all US dollars off the street! If the USD is stronger than the Dinar, then it will stay on street… Just look at it now. The Iraqis use US dollars now because it is the strongest on their street and will buy more. When the RV occurs then the dinar will be the main dog… Every one has been asking about the dong. It should RV as well – once China agrees to move their currency. So it might be awhile on that one… Again, it’s the same story – no one knows when… We are Close!! The Window is good through the 26th of July or so. Remember – this is Iraq!! BREATHE BREATHE.
7-14-2017 Newshound Guru mike Article: “Iraq has a microcosm meeting of the International Alliance of the need to benefit from the experience of Mosul” Quote: “we have an economic reform plan presented by the Iraqi government, the World Bank a few days ago.” In order for Iraq to make a move to an open market economy they need to accomplish lowering the spread, allowing for the freedom of movement of capital and investment laws that protect those willing to invest in Iraq. Announcements like the above are awesome but without the groundwork, it’s just an announcement. I’m really hoping this isn’t going to be another centralized, socialist solution that Iraq has continually put forward but without the open market economic model, what else can it be? …we’ll have to wait and see what kind of plan they submitted…it’s not going to be an overnight type move regarding the dinar. Here’s hoping they’ve seen the light.
7-14-2017 Newshound Guru G-Lin Article: “Kurdistan: Erbil and Baghdad are preparing to open a new page and continue the dialogue to address the problems” I’m keeping an eye on these meetings. First it is unusual to have a 4 day gathering. I think they are trying to appease the Kurds to perhaps stop the vote in Sept. on breaking away and forming an independent state. I know The U.N. just recently called for the activation of Art. 140. That would clarify boundaries which Kurdistan would probably cooperate if they get Kirkuk. Also there are discussions regarding oil and gas. I would love to see them agree on HCL or a form of it. There is a great deal of pressure coming from the international community to have Iraq activate some form of HCL. Investors are tapping their foot.
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