Iraq dinar RV (Revalue) News Rumors Updates
11-2-2014 Newshound/Intel Guru BGG Article: "Parliament warns of bankruptcy within two months if the government did not pass a budget" Quote: "...the government threatened with bankruptcy and depletion of reserves financial within 3 months if they do not pass the budget." the financial walls are closing in.
11-2-2014 Intel Guru TNT Tony [via Already Blessed] TONY SAYS TO TELL YOU HE HAD A BUNCH OF GOOD THINGS...MEETINGS ARE CONCLUDING AND WHEN WE KNOW IT IS A FACT THEN WE WILL COME BACK AND TELL YOU...IT COULD BE A SUPERFANTASTIC DAY...JUST STAND BY.
11-2-2014 Newshound Guru Tlar At this point in the game you can't believe the timing of any release because they have already proven that they will say anything to protect the project. The CBI has to be leary even telling the EC and FC [Economic Committee and Finance Committee]. You will wake up one day and it will have happened...the leak proved we can't count on getting any notice in a change in the currency or float or deleting the zeros. The leak caused many problems for the CBI, not the least of which was a run on the banks. So I am confident that the CBI won't make that mistake again.
11-2-2014 Intel Guru EXOGEN PER CONVERSATION WITH MULTIPLE SOURCES, CITIZENS OF IRAQ IN DIFFERENT REGIONS CAN NOT GET DINAR OUT OF BANKS OR ATM MACHINES.
11-2-2014 Intel Guru Jester INTERESTING NEWS FROM PEOPLE THAT DO NOT USUALLY HAVE ANYTHING MUCH TO SAY... LETS HOPE IT ALL PANS OUT... IT IS GOOD NEWS IF TRUE... BUT NOT CONFIRMED AT THIS POINT... I NEED A LITTLE MORE TIME TO TRY AND CONFIRM THINGS...
11-2-2014 Newshound Guru Kaperoni The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar." before June folks! the key is that they have implemented Open Market operations and all banks in Iraq are now on this. it just went into effect this past week. even this excites me! [post 3 of 3]
11-2-2014 Newshound Guru Kaperoni these banks now have 250m in capital so they dont need the CBI. so, the basic auctions now have changed and are now called Open Market. Last Sept when this policy was created an article came out. "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar." This new rule that they implemented is the mechanism! it is in effect now...banks are now acting under this new policy. It started last week. IMO this new Open Market operation is going to fix the spread issue which will allow them to raise the value. [post 2 of 3....stay tuned]
11-2-2014 Newshound Guru Kaperoni Article quote: "Central Bank announces directly funded Iraqi banks open accounts in the bank 10/2/2014 Announced the central bank directly for a large number of Iraqi banks, public and private funding of open accounts in the bank. According to a statement by the Central Bank that a large number of Iraqi banks started financing open accounts in the bank for the purposes of the foreign currency auction returned directly funded banks accounts quick response to new instructions approved by the Bank CBI recently." this is exciting stuff...the CBI wrote some new rules last year for the daily currency auctions. the actual new rules were posted back in Sept on CBI. they tell the banks they are changing the currency auction format and going to a new Open Market operations where the CBI is no longer the provider of foreign currency unless absolutely neccessary. [post 1 of 3....stay tuned]
10-2-2014 Intel Guru DC [via Adept1] [you said it was being released one country at a time?] [Text - "Live in Germany after banks close..."] No, it’s not one country at a time. If you are referring to Germany, a lot the bank systems are set up like wedding cakes: their particular central bank gets it, and they push it down to their banks. The US has eleven different layers, so it’s much more complicated. Most countries have two layers, and so they can move quickly to the bank level. If we can confirm the deal in Germany, then it tells us it is moving worldwide. If that is true, they are getting the entire world rolled out, and that will include the US. I fully expect this process is going down.
10-2-2014 Newshound Guru Millionday so maliki stated that the amendments are done -- they are to present tuesday talk etc and wed they plan to vote...that is the issue with the budget...the kurds are very happy and part of it.
10-2-2014 Intel Guru TNT Tony IMF has signed off, and the rate is international so far as they are concerned. BIS and CBI have both signed off, and they have signatures from Maliki, Shabibi and others. Everyone is done, rate is locked in. We have three rates for the IQN and two rates for the VNN. It should have gone last night until one group said, “Let me try one more trick”, which upset everyone. They calmed down, and we hoped you would be going to the bank this morning. We thought the 800 numbers would be out by now, but this situation came out. Hopefully the numbers will come out today, and some will get in today, but the majority will go in on Wednesday. I am looking for something this afternoon. [post 2 of 2]
10-2-2014 Intel Guru TNT Tony [via Adept1] As everyone expressed to me yesterday, they spent 13 years putting this together, and it’s at a very delicate position in the last ten hours. It’s at a place where it could go either way...It’s a global situation, and we absolutely ARE involved. We do have new rates that they have negotiated. I’m not going to put those out, but I will say that there’s a real possibility that we will get a double-digit rate. There are still 800 numbers, and we could be seeing those. [post 1 of 2....stay tuned]
10-2-2014 Intel Guru Bulldog75 WE ARE CLOSE. OUT OF COUNTRY "MAY POST" PRIOR TO USA POSTINGS. WE SIMPLY WAIT FOR FURTHER INFO AND 'PROBABLE TOLL FREE #S AND EMAILS. THERE ARE SITUATIONS WITH 3 LETTER ORGS AND A CONTINUING POWER STRUGGLE WITHIN CERTAIN GOVERNMENTS. WE ARE POSITIVE AND OPTIMISTIC. WE ARE CLOSE. I TRULY BELIEVE THIS WILL MANIFEST QUICKLY.
10-2-2014 Intel Guru Bluwolf Devaluations of Argentina, Columbia, Venezuela, Brazil happened on Saturday. This movement is the first phase of these countries as they form part of the only basket of 20 that will be RI (Re-Instated) and RV (Re-Valued). Many others are in transition but please be advised that this is a very high scale maneuver of global proportion.
10-2-2014 Newshound Guru Kaperoni ...i am certain we will not see the CBI make a move until the economic/banking reform laws are passed through parliament but once they pass them, the CBI would have to act shortly thereafter. so IMO, once we see the laws pass, Iraq is saying..we are ready for investment which will force the CBI to act. the point is...the CBI cannot do nothing much longer. [post 2 of 2] [See possible "to do list" in the Dinar Guru Resource Bar on the left #7]
10-2-2014 Newshound Guru Kaperoni In the case of Iraq, the Capital Account [a Capital Account is cash flowing into Iraq for investment] will be made up of State banks, private banks, and international banks and maybe some brokers... This is important because over the last several months we are watching Iraq prepare for that investment to come in and fund the market economy... we also have said that these investors will not come into Iraq until they go to Article VIII or make the dinar convertible so these investors can get their profits out. [post 1 of 2....stay tuned]
10-2-2014 Newshound Guru Millionday [history has never seen Iraq out of chapter 7... this year is different!] and the fact that they have stated directly from cbi that they will be raising the three zeros within weeks -- two to three makes me very positive.
10-2-2014 Intel/Newshound Guru Poppy3 I EXPECT TO SEE OUR REWARDS VERY SOON. ...BETWEEN NOW AND APRIL ELECTIONS ARE SOME 70 DAYS LEFT AND I BELIEVE MALIKI NEEDS OVER HALF THIS TO GAIN BENEFIT FROM IT. IF HE DOESN'T ALLOW IT AND WAITS AND LOOSES THEN THE NEW PM WILL ACT VERY QUICKLY TO START HIS REIGN OFF WELL AND SHOW HE IS GOING TO MOVE IRAQ INTO THE WORLD AS A FINANCIAL LEADER. WE ARE IN GREAT SHAPE AND ARE VERY SHORT ON OUR WAIT NOW. [post 2of 2]
10-2-2014 Intel/Newshound Guru Poppy3 WE CAN SEE THAT VIRTUALLY EVERY MOVE THAT HAS BEEN MADE IN THE LAST MONTH HAS BEEN POSITIVE AND ALL RELATED TO THEIR FINANCE AND WE HAVE EVEN SEEN SIGNS THAT MALIKI AND ALL INVOLVED ARE POSITIONING TO MAKE THE RV HAPPEN. THE BIG QUESTION IS THE TIMING. MALIKI FOR SURE WILL NEED THE RV...HE WILL NEED IT IN TIME TO MAKE SOME DIFFERENCE FOR THE PEOPLE BEFORE HE CAN GAIN SOME FAVOR WITH THE PEOPLE OF IRAQ. [post 1 of 2....stay tuned]
10-2-2014 Intel Guru EXOGEN PER CONVERSATION, THERE WILL BE NO MORE SKR'S, NO MORE PRE "RV" PRIVATE PLACEMENT TRANSACTIONS, NO MORE PRE "RV" EXCHANGES, NO MORE LINES OF CREDIT AND LETTERS OF CREDIT ISSUED AGAINST SKR'S UNTIL THE INTERNATIONAL RATE IS RELEASED
10-2-2014 Intel Guru Okie_Oil_Man THERE ARE A GREAT DEAL OF SPECULATION ABOUT ACTIONS AND INFORMATION THAT TOMORROW [MONDAY] IS SUPPOSED TO BRING TO LIGHT---WE SHALL SEE.
9-2-2014 Newshound Guru Kaperoni Article: "Inch: banking systems in Iraq Systems backward" Through the reconstruction of the banking system, Iraq is preparing the Capital Account. This is the key for us to see the CBI transition out of the pegged regime and into Article VIII and a float. So...before all these banks that are lining up to bring money into Iraq for investment can go forward, the CBI is going to have to get off the peg and into the float prior. What we are seeing in Iraq now is them lining up all the capital (by increasing the banking capital minimum, foreign banks opening, improving the technology and conditions, etc.) This is not going to sit idle very long. [post 1 of 2....stay tuned] [See possible "things to do" list in the Dinar Guru Resource bar on the left]
9-2-2014 Intel Guru Frank26 If they can AFFORD to lose 18 trillion by the end of this month then I can only imagine the value of this budget. For them to take such a monthly loss to me says that the 2014 budget has a new rate worth fighting for.
9-2-2014 Intel Guru Dinar Wishes Sources are very positive still about movement being a possibility… My thoughts are they need to get this done as we have passed the debt ceiling and need to make good on our commitments. Too much at stake to keep posturing for political gain… Lots of things in motion as we speak and we need to keep in mind how big this really is. I don’t want to talk in too many specifics, but I’m really optimistic.
9-2-2014 Newshound Guru Millionday Article Quotes: "announced the Finance Committee in the House of Representatives on Saturday, said the government had formed a committee of three ministries to resolve the "crisis" was delayed adoption of the budget" "The agenda for the meeting next Tuesday will be free of the budget law, due to the continuing differences between the national and Kurdish coalitions that have not yet been resolved" this is fab news...the committee is going to resolve and tuesday is for other issues and vote on budget is wed now...all economic resolves are being dated as we have seen to the first of jan 2014 -- very exciting.
9-2-2014 Intel Guru Dinar Wishes I have heard some great news that things have been progressing in a forward motion.. Its possible we could have some better news next week... Not saying its a sure thing just nice to get good news.
9-2-2014 Newshound Guru Doc [Is the FOREX showing the RV rate?] NO! Also, there are no back screens or executive screens showing it either. [Overall what is your opinion as to adding to this investment?] Our opinion is to hold with what you currently have. We would not buy any additional. There is real risk this may not happen or take many more years. The rebels taking over cities is a prime example. If civil war breaks out the dinar will nose dive again. We must continue to weigh the risk in our decisions to invest. We continue to believe the risk is worth the potential reward at this point but encourage all to view this a a longer term investment. We report, you decide
9-2-2014 Newshound Guru Kaperoni Article: "Lacey criticized the Central Bank's decision to exclude banks from the auction currency only on condition that put their money in the Bank" I'm just speculating a bit but what I see here is the CBI is allowing banks on their own to buy up currency (dinars?) but as a condition they must keep it in the banks and not let it back out into circulation. This would seem to imply the CBI may be collecting dinar or trying to minimize the amount on the street. This guy appears to be saying, the banks just can’t pile it up and send it back to the CBI, we need it in the economy. It may be a sign of something to come.
8-2-2014 Intel Guru SteveI I wanted to confirm some REAL activity that is taking place on the ISX that is new. Starting on February 2nd, we started seeing some International Cross Transactions taking place. These were foreign investors buying shares on the ISX through local Iraqi brokers. All of these trades were done after hours instead of during normal trading times. My personal opinion about all of this is that big players are jumping in now by buying shares on the ISX as a way to take advantage of the very cheap stock price and the currency change that is coming. [post 2 of 3....stay tuned]
8-2-2014 Intel Guru SteveI The only thing Ray and I can say is that there is a lot of confusing and conflicting information regarding this investment. We do both have many sources that are saying the same thing regarding the progress. There was a recent video regarding a new gold discovery south of Baghdad and it was one of the largest in the world. In a very short summary, yes they can revalue their currency and support it. [post 1 of 3....stay tuned]
8-2-2014 Newshound Guru Millionday The CBI identified earlier in the beginning of this year will see the implementation of the project to delete the three zeroes from the national currency, but the Iraqi government has demanded the bank to wait to apply the project, fearing the emergence of counterfeit currency during the switching process. [Seems like we read these articles before?] dated today...know that we will see these reports as they are announcements this time to the citizens and are talking in timeline of the next few weeks - have never seen that before. [post 2 of 2]
8-2-2014 Newshound Guru Millionday Article: "The Finance Committee has confirmed that 2014 will see the deletion of zeros from the Iraqi currency, are described: The delete will be in coordination with the Central Bank. This project will lead to reducing the proportion of the national currency in circulation from four billion to one billion." know that the release of the three zero currency is in country and of course what is held in anyone else's hands. The value will be reduced to the size of the quarter and this will enhance the value and easy to transport, pointing out that fraud or manipulation of currency cash, it will be very difficult. [post 1 of 2....stay tuned]
8-2-2014 Intel Guru DC The Sunday [TV] shows are all the political shows, like Meet the Press and such. All five have this story and now everybody is getting on board. Some are trying to get people from the opposing side, but everyone is being briefed for the Sunday shows, getting ready to spin it up. Pay attention to what they say and how they say it, if this is not released by Sunday. [post 3 of 3]
8-2-2014 Intel Guru DC All the banks are cued up. There are three rates...3.43, 3.71/3.77 and 4.02...and we don’t know which are going forward. Those are the international rates we planned for a long time ago. [Will those who cashed at $32, are they going to have to pay it back?] Yes, they will have to pay it back or they will be smacked six ways to Sundays by some very powerful people. [post 2 of 3....stay tuned]
8-2-2014 Intel Guru DC [via Adpet1 2-7-14] The UN and the IMF is supporting the Iraq plan. Different groups were trying to push out the contract rate but they were unsuccessful. Now the delaying people are ever so surprised that Iraq is pushing this out and now they are trying to see how they can get higher rates for US citizens with less restrictive NDAs or no NDAs to appease all of us common folks who did not cash out at the entitled rates. [post 1 of 3....stay tuned]
8-2-2014 Intel Guru TNT Tony It was out of Iraq’s hands until yesterday, when everyone gave up on the US Treasury. The IMF finally said “enough’s enough; we’re pushing this out”. The rate is at the banks, on the screens...but they are not the rates we wanted. There are no contract rates because the IMF had to do this. [Can we expect the dinar, dong, rupiah and zim to all go at the same time?] We’re not sure about the zim, because some are saying they are not Basel III compliant. But the others will all be released, and the dong will be .71 to $1. [post 2 of 2]
8-2-2014 Intel Guru TNT Tony [via Adept1 2-7-14] The rest of the world has given up on the UST pushing this out and are now helping Iraq push this out at the international rates. Three different screens are showing 3.43, 3.71/3.77 and 4.02. Those are the international rates we planned for a long time ago. Timeline? People are working on that right now, and the window is any time between now and Sunday. We have been told this by extremely high folks... [post 1 of 2....stay tuned]
8-2-2014 Newshound Guru Doc [What about all the talk of thousands of people cashing out?] It is simply that - talk...as a group we hold hundreds of millions of dinar and are in touch with every major bank and brokerage firm. If these cash outs were happening we would have been contacted. Also inside sources in these institutions say the same thing that the published reports of cash outs are simply sales gimmicks. [Any truth to the tiered cash out?] (see response to last question).
8-2-2014 Intel/Newshound Guru Poppy3 THEN, I HAD A CALL VERIFING THIS SAME INFORMATION. I PERSONALLY HAVE NO SOURCE OF THE ORIGINATION OF THIS INFORMATION BUT IT SOUNDS VERY PROMISSING IF TRUE AND IS IN LINE WITH ALL THE OTHER FINANCIAL PREPARATIONS THAT IS BEING MADE. BE YOUR OWN JUDGE OF THE INFO. [post 2 of 2]
8-2-2014 Intel/Newshound Guru Poppy3 WANTED TO...SHARE SOME NEWS I RECEIVED ...AND WAS CORROBORATED AGAIN...FROM ANOTHER SOURCE. NO GUARANTEE'S OF HOW MEANINGFUL IT IS ON TIMING BUT TO ME IT SOUNDS VERY PROMISING AND HAVEN'T HEARD THIS TYPE INFORMATION FOR SOME TIME NOW. ...HE TOLD ME HE HAD FIRST HAND INFORMATION THAT SMALL DENOMS WERE AGAIN BEING RE-DISTRIBUTED TO THE BANKS IN IRAQ. HE SAID THIS, ACCORDING TO HIS SOURCES, IS THE THIRD TIME THEY HAVE BEEN DISTRIBUTED AND EACH TIME BEFORE HAD BEEN RECALLED TWICE. HE STATED THEY WENT OUT ALL THIS WEEK AND AS FAR AS HE KNOWS HAVE NOW ALL BEEN DELIVERED. [post 1 of 2....stay tuned]
8-2-2014 Intel Guru Okie_Oil_Man OUR INFORMATION FOR SO LONG NOW ADDRESSING THE DATE, ALWAYS BEING WRONG, HOPEFULLY WILL BE RIGHT THIS TIME. THERE SEEMS TO BE A CONFLUENCE OF OPINION AS TO THE RATES BUT LOGICALLY IT WOULD NATURALLY FOLLOW TO BE COMPETITIVE WITH SURROUNDING COUNTRIES THAT AN INTERNATIONAL RATE AROUND THE 4 DOLLAR AREA WOULD BE A LOGICAL ASSUMPTION. [post 2 of 2]
8-2-2014 Intel Guru Okie_Oil_Man WITH THE GRAVY TRAIN APPARENTLY BEING "CUMIN ROUND THE BEND" I DIDN'T WANT TO MISS A CHANCE TO CATCH A RIDE. FROM LeGARDE TO THE IMF, UST, BANKS AND SOME PRESSURED POLITICIANS MAYBE JUST MAYBE THIS UNPREDICTABLE, INTOLERABLE WAITING MAY BE OVER. THE CHINESE WANTS THIS DONE BEFORE THE 8TH, FOREIGN COUNTRIES PUSHING THE IMF FOR ACTIVATION REGARDLESS OF THE USA'S POSITION, POLITICIANS RESIGNING, BANKERS BEING ARRESTED AND WORSE, IT SEEMS THERE'S A REAL HEAD OF STEAM ON THIS "OLE TRAIN". [post 1 of 2....stay tuned]
8-2-2014 Intel Guru Jester LOTS OF RUMORS OUT THERE... MAY THINK WE ARE GETTING CLOSE... I STILL HAVE CONFLICTING STORIES I AM TRYING TO RESOLVE... I HEARD DEADLINES OF LAST SUNDAY...THEN TUESDAY... THEN THURSDAY... NONE OF WHICH HAPPENED OBVIOUSLY... AND WE ARE HEARING THAT THIS WEEKEND IS A HIGH ALERT... BUT ON THE OTHER HAND IN JUNE... IT IS ALL OVER THE PLACE...IF YOU HAVE BEEN FOLLOWING ME AT ALL FOR THE PAST FEW MONTHS YOU WILL KNOW THAT I PREDICTED THE GROUP CASH OUTS IN ADVANCE OF THE RESET...
7-2-2014 Newshound/Intel Guru Eagle1 [via Bailey2] The IMF will try EVERY NIGHT going forward to make this come out. E1 just said tonight via text that the Chinese are saying Feb.8th.
7-2-2014 Newshound Guru Doc [Has does the GCR impact the dinar?] First, the GCR is high speculative at this point and we believe if and when that ever happens it is years away. We have seen public reports in the US arguing it needs to happen but until all countries involved agreed to a asset backed system we simply don't see it happening any time soon. Iraq, we believe, is independent of this event. Iraq has immediate needs it needs to address and when everything is addressed the CBI will pull the trigger and not before than. We report, you decide
7-2-2014 Newshound/Intel Guru Dinar Daddy No rate… No date… Only confidence the country of Iraq will one day officially rise from the ashes and become one of the wealthiest countries in the world, leading us into a new millennium. I expect the exact way it will all be done will not be as many have explained it. We will, in my opinion, be lead through various hoops and challenges to get to that point (i.e. re-denomination, currency exchanges, timelines, etc.), but I believe it will make it there eventually. This is speculative, yet logical, and hopefully true! Fast, instantaneous, massive revalue… or a slow grow… either way Iraq won’t be ignored, and is coming on to the world stage. [post 3 of 3]
7-2-2014 Newshound/Intel Guru Dinar Daddy If you think the official currency of Iraq is a scam, think again. The only ones scamming anyone are those who lie to get gain from others during the WAIT for something better than what the Dinar values offers at present, which happens to be 1,162 IQD for every $1 US Dollar. The reality is that the Dinar (IQD) isn’t going anywhere because it’s the official currency of a real country! Whether those in control of currency values in the world and over Iraq choose to increase the value of the I QD immediately (revaluation) or slowly (still a revaluation) isn’t the point...What IS important is there is a way to make it all happen, even in the ways speculators have aggressively stated. [post 2 of 3....stay tuned]
7-2-2014 Newshound/Intel Guru Dinar Daddy I’ve been following the growth and rebuilding of Iraq for many years now. So many have bashed the Iraqi Dinar, not knowing WHY so many believe it will increase in value one day. Some have said it will provide an increase in the realm of 1000%+ return, others have said it will increase gradually, maybe by 20-40%, and continue to grow over time as Iraq’s economy develops a base through oil exports and other industries that will ultimately justify the currency’s value. [post 1 of 3....stay tuned]
6-2-2014 Newshound Guru Doc [What is going on with reports of some supposedly in-the-know persons getting out of the investment all together due to them saying basically its a bad investment?] First, we do not agree with it being a scam or bad investment. We report our opinions based only when private and public sources agree...we do not agree with the its going to happen at any second rumors. We also do not agree with its time to fold the tents rumors. As we've reported repeatedly there is still much work Iraq needs to do to get in place the infrastructure laws to support currency reform long term. We simply do not see it happening until those laws are in place and functioning. We report, you decide [See the "possible things to do" list in the Dinar Guru Resource Bar on the left]
6-2-2014 Newshound Guru Adam Montana [A recent article by CBI states bank restructuring is to be completed by end of 2014. Is this an indication that we are in for another long wait?] There are a million indications that we will wait and a million others that say it will happen soon. I try not to read into every tiny detail, but instead stay focused on the big picture.
6-2-2014 Newshound Guru Doc [How close are we to getting passage of the laws needed to support currency reform like HCl?] Unfortunately the short answer is no one knows for sure. However, there is much in the news about movement toward that end which is extremely encouraging. We are hopeful that the upcoming elections will put a fire under the politicians to get this done. With the elections sceduled in April we can only keep our fingers crossed. We report, you decide
6-2-2014 Intel Guru TNT Tony Call centers are staffed; cash-out centers are on high alert across the country. Security is on high alert. The UST says that they are waiting on the IMF; the IMF says that they did tell them to do it, and the UST is refusing. There is disinformation about all the different rates. But if it comes out at 3.71 and the dong at .71, and we know that others exchanged at $32, then we will not let it rest there. Hopefully Maliki does make the announcement today, and hopefully it will be what we want to hear and we can start exchanging. I’m looking forward to this being done today. [post 2 of 2]
6-2-2014 Intel Guru TNT Tony [via Adpet1] Maliki called different countries yesterday and said he is going to call the revaluation today or tomorrow. He is scheduled to make these announcements today and tomorrow on Iraqi television. We don’t know for sure that he will do that. Today, though, he is supposedly calling all the prime ministers and presidents, and many countries are telling the US that they’ve had enough and they are willing to do this now. [post 1 of 2....stay tuned]
6-2-2014 Newshound Guru Adam Montana Welcome to another edition of "This Week In Dinar", which will hopefully be one of the last of it's kind. Why do I say that today? Well, take a minute to look at the most recent news. Progress in the HCL. A push to resolve the Budget. Iraq is fortifying their oil reserves, plan to increase the dinar, and the ISX is moving towards an international platform! Anyone that doesn't see value here is either a huge pessimist or just extremely sour about something in their life...that's not me, though, and I am excited!
6-2-2014 Newshound Guru Doc [Is there any hint of the RV in the 2014 budget?] The short answer is no despite those that keep claiming so. We have reviewed the budget in its entirety (the one currently in the news) and it states revenue in the trillions of dinar just like last year. Also if you take the assumed oil production and $/barrel you have to use the current program rate of 1166 to get their calculated revenue. So again, the budget does not reflect a $3.44 RV rate or any other rate other than the current program rate of 1166. We report, you decide
6-2-2014 Intel Guru Freeway Bill The thought that thousands of people are now holding REAL MONEY from this RV is just not true. You honestly believe that Senators and Congressmen and the VIPs have cashed out their dinar, been paid and are double dipping by buying more dinar? Seriously? We have to deal with misinformation every single day. They had to do that when Kuwait and China revalued. They were told that corruption would keep their money from them too.
6-2-2014 Newshound Guru Millionday this morning they announced that the London stock market and the isx are hooked now... i see this as a pre-curser --- they have to have the market out there in other words to create value and show dominance or at least confidence in Iraq...so this is of course one of the great steps --- actually huge step.
6-2-2014 Newshound Guru Tlar For instance, a budgeted program or project that is earmarked to get 1 million dinars at 1.16, value is earmarked to receive 860,000 USD equivalence in dinars. If the currency is still at 1166 per dollar, that project will still get the same1 million dinars, but the USD equivalency would be 860 dollars instead of the budgeted 860,000 USD. They can't open the budget written at 1.16, if the currency is at 1166. The currency must match the budget. This why I've been saying for 2 months watch the budget. I think it is the key to our investment. If the budget is written at 1.16 as told to us by the guys who wrote the budget, I believe we will see an .86 dinar, or the budget cannot be opened when it is passed. (post 2 of 2)
6-2-2014 Newshound Guru Tlar The CBI announced that the new dinar and the old dinar will both be circulating in Iraq for two years after the change. The CBI told us numerous times what will change is the nominal value which is defined as the exchange rate. The FC [Finance Committee] told us that they will delete the LEADING zeros. LEADING zeros are not found on the currency, they are only found on the exchange rate. The FC in three articles told us they wrote the 2014, and estimated the 2015 and 2016 budgets based on 1.16 dinars equal one US Dollar. Doing the math that's 86 cents per each dinar or deleting the zeros. If this is truth then they can't open the 2014 budget without changing the value of a dinar to 86 cents. (post 1 of 2....stay tuned)
5-2-2014 Intel/Newshound Guru Poppy3 MY RESPONSE TO OLD TD'S RETIREMENT AND SELLING HIS DINAR---- ...AS FAR AS I AM CONCERNED NOT ONE THING HAS CHANGED EXCEPT WE ARE CLOSER TO WHAT I ORIGINALLY THOUGHT WOULD HAPPEN THAN WE WERE WHEN I BOUGHT MY FIRST MILLION. ME AND ALL MY RICH FRIENDS WILL BE CELEBRATING AND EATING BBQ IN SHORT TIME... [See Guru TD's post on 4-2-2014]
5-2-2014 Intel Guru Stage2Omega IF ALL GOES AS PLANNED THE GENERAL PUBLIC SHOULD EXCHANGE WITHIN THE NEXT 24-48 HOURS AND THIS IS TIED DIRECTLY TO IRAQ GOING INTERNATIONAL & IT IS NOT TIED TO THE PRIVATE PLACEMENT CONTRACT & AGREEMENT OF THE UNITED STATES WITH THE IRAQI DINAR CURRENCY.
5-2-2014 Intel Guru TNT Tony Rates of 3.77 are showing on the executive forex boards. We have four confirmations that they are live and just a matter of time before they come out. Why are they showing up there and why lower than what we heard they were going to be? The answer is because the administration isn't doing it. That is something Iraq is doing on their own. If Iraq pushes out their rate internationally, we will be able to exchange at that rate but we will not get the contract rates. So, we would prefer for this to be released in the US now. [Have you gotten any rates on the dong?] Yes, as of the a.m. $.71. I am looking for this to happen this week, the question is, is our country gonna do the right thing with the contract rate to us.
5-2-2014 Intel Guru Frank26 [I noticed that the CBI auctions have gone down in the last week and the amount of participating banks have dropped. I don't know if this is of any great significance?] It's hard to tell because they are constantly working on the CBI website especially the official side...Arabic. So is there any significance? IMO.....yes. But, I will be esctatic when they drop the auctions. [post 2 of 2]
5-2-2014 Intel Guru Frank26 [Do you think the holiday this Sunday in Kurdistan, could this be the 3 day weekend S has been looking for?] Yes, But IMO they would not talk with this FREEDOM If all systems were NOT ready. Let just say it is a fantastic opportunity to take advantage of. [Do you know if Delta has heard any more from his contacts at the CBI and the Ministry of Finance? I know his guy had mentioned September last year...] Yes he does. Indeed they were anticipating last year but their excitement about NOW is more evident. [post 1 of 2....stay tuned]
5-2-2014 Newshound Guru Millionday [So even if they go with the London exchange, dont they still have to have a reality rate?] yes, they need reality rate. [so what I am seeing is they are moving the date of the ISX interchange up?] yes it appears that they are moving the date up for us as if we had a date but some think we did -- however -- this makes us very close -- the stock market includes reality rate of the dinar. [post 2 of 2]
5-2-2014 Newshound Guru Millionday Article quote: "The office was opened about a month ago in the Land of central Baghdad, and began working formally Currently, a first of its kind in Iraq..." they are opening the trade of all stocks and currency as with all stock exchange and with this office it is for the exchange to promote the economy and move forward with the reform...they are preparing to go global through this opening of the baghdad building for exchange - so there is a new announcement...on cbi. Islamic banking which is what cbi is under as we know has received their credit rating -- it is AAA. I hope everyone realizes how great that was -- it is the opening of the door for us and is huge... [post 1 of 2....stay tuned]
5-2-2014 Newshound/Intel Guru BGG Quote: "The dinar is not traded on any legitimate foreign exchange and is worth a fraction of a dollar." Of course not - if it were, it would be known as an "internationally recognized" currency. Quote: "A federal grand jury last money indicted three men from the Toledo, Ohio, area for their roles in the operation of a $23 million fraud scheme involving the sale of Iraqi dinar currency and two nonexistent hedge funds." The 23 million fraud scheme had little to do with the validity of the Iraqi Dinar (as a currency) and more to do with a "ponzi scheme" parading around like a "hedge fund". Quote: "Investors lost about $23.8 million from dinar sales, according to the indictment." ...if they bought currency (??) and still have the currency, they haven't (technically) lost - yet. It is a currency. IT'S M-O-N-E-Y... [post 2 of 2]
5-2-2014 Newshound/Intel Guru BGG Article: "Congressman Bennie Thompson: Don't buy Iraqi currency" Quote: "U.S. Rep. Bennie Thompson is warning Mississippians against the purchase or exchange of Iraqi dinars:" Why would he warn anyone against "exchanging Iraqi Dinars"? The truth is, he has received numerous complaints in his office, but they are all "claiming" he and the bankers have "cashed out"...and "claiming" - THIS IS UNFAIR!! IMHO - There are NO complaints to his office "claiming" inability to "exchange" - there are numerous places to exchange DINARS. They are complaining about their investment having not "paid off" soon enough. [post 1 of 2....stay tuned]
5-2-2014 Newshound Guru Millionday Article quote: "Hussein al-Tamimi Tgb - Farah...called for increased claims develop modern mechanisms for the development of the banking system in Iraq to become an active role in supporting the Iraqi economy...most prominent of these recommendations and the establishment of a bank for economic development and give a greater role to the private sector and facilitate the issue of guarantees and reviewing map the spread of the banks in the provinces." this is the bank we were to look for when the economic development was ready -- it is the economic development bank...the time is now to move forward with the development of the modern banking and economic reality...we see they are finally putting the economic development bank in use and this is huge in progress.
5-2-2014 Newshound/Intel Guru BGG I personally think Maliki has international support for a change in the value of the IQD - which I doubt he (personally) has had up until recently. Shabibi had it...now that we are at this stage I believe he has it (for a smaller number)...I don't think he has had such "universal" - (Iran, US, EU, etc,etc...) support in the past.
5-2-2014 Intel Guru BWM * NO expectations for this week…* there are things (still) that need to be accomplished before this will come to fruition… and no, it’s not some bank meeting or some meeting at the UST.
4-2-2014 Newshound Guru tlm724 Article: "Economic Parliament: Read the budget within five days 4/2/2014" they are working out the details...the most prominent problems that hampered represented by the export of oil and the benefits of oil companies operating in the region. the next session for parliament is Tuesday the 11th, we will see if they can work out some of the details but remember these things take time.
4-2-2014 Intel Guru Bluwolf Be advised that all are scrambling to get this pushed forward as soon as possible...the global reset is about to be officially expose through all the media. ...the good word is that they are scrambling for it to be out asap Like tonight.
4-2-2014 Intel Guru TD Well friends yesterday I cashed out 95% of my dinar holdings. Over a week ago I received some troubling rumors from the sandbox that there were serious discussions coming to a unanimous consensus of Iraq's intentions to only do a C/E IN HOUSE (i.e. inside Iraq only) . Of course I'm sure you'll cry fowl but among points of discussion was the simple fact of 30-40 Trillion dinars outside of Iraq and the impossibility of simple arithmetic. In addition, I was told that the dinar we hold was never LEGALLY SANCTIONED (BY IRAQ) to be sold outside of Iraq. We all know it is not traded internationally. I'd also urge you to read ...statements from the IMF, etc.
4-2-2014 Newshound/Intel Guru BGG Article quotes: "Baghdad - Announced in the capital, Baghdad, on Tuesday, announced the opening of its first office of the Stock Exchange world in Baghdad, the first of its kind in the history of Iraq." “international exchange licensed by the Iraqi government and linked to the Stock Exchange of London Global." “The opening of such a financial institution is a step to improve the value of the Iraqi dinar and the national economy through the size of the exchange and the entry and exit of foreign currency,” This – along with the political “disinterest” by Maliki’s own party – is MASSIVE.
4-2-2014 Intel Guru TNT Tony The currency is going to go international. To NOT do the GCR is going to destroy multiple countries. They are not going to be allowed to destroy those other countries because the US banks and administration are greedy. They need to give us options. They will have to give us 3.44 at least. Iraq has to go international. China is pressing the US to release it tonight because of the bond issues. I hope that we...can have our exchange and get on with our lives. [post 3 of 3]
4-2-2014 Intel Guru TNT Tony They have been processing church groups. One church group was sent all the way to Florida, they had them sign NDAs and then paid them 32 cents per dinar...church organizations who are being taken advantage of... All I keep hearing is that they don’t want us to have the $32 rate they gave to their friends and family and we will just get the crumbs. This kept growing and growing, and now they are trying to find a way to shut us out, or at least so that we cannot get more than the international rate. [post 2 of 3....stay tuned]
4-2-2014 Intel Guru TNT Tony [via Adept1] call centers are in, exchange centers are expected to be in this evening. There is a time this afternoon when the system is making an adjustment. If it happens, it will be superfantastic. We are all hoping that it happens. We’re ready, the banks are ready, the Tier 2 banks are ready. There is no reason for this NOT to happen unless somebody is preventing it from happening. In Iraq they are announcing they will be international this week...by Friday. [post 1 of 3....stay tuned]
4-2-2014 Intel Guru Mnt Goat They have released the rates to the banks and they are active rates. They are not going to release the rest of the process to roll this out to the general public until ...the high contract rates are all expended...or such political pressure is put on this corruption that they are forced to finally release some of the contract rates to the general public (and not just a selected few groups)... [post 2 of 2]
4-2-2014 Intel Guru Mnt Goat Many have asked so many times what is holding up this RV process up? I am reading some...posts showing that some intel providers are still chasing the same old budget and GOI issues as the hold up. I tell you Iraq is ready and have been for over 6 months now. They await this announcement like all of us. By now most of us know what is holding it up. It is the UST...the UST totally controls the process. They own the software and control it. It can only proceed if they complete running the software process downstream that rolls out all the needed files and rates to the global exchanges, as needed for this to go fully public. There is no other way. [post 1 of 2....stay tuned]
4-2-2014 Newshound/Intel Guru Bluedog It seems that we are sitting in the last moments watching...IMO we should not care when the Parliament comes back and that its real strange that they passed the Pension Law today without reading the Budget...for the first reading...but who cares... that's not our goal... our goal is the international rate...we know that has to come first. the Budget will come out soon enough to get these things done. sure is a lot of side table meetings going on...this is a complex move for this Rich Nation....I think, IMO, we are Golden.
4-2-2014 Intel Guru Okie_Oil_Man TODAY WILL BE A DAY OF REVELATION TO MOST DINARIANS. TODAY YOU WILL HEAR AND KNOW THE TRUTH OF THE CORRUPTION, MANIPULATION AND DOWN RIGHT ILLEGALITY TRANSPIRING. TODAY SHOULD GIVE US NEW PERSPECTIVES AND A NEW DIRECTION TO FOLLOW. UNTIL NOW WE(ALL OF US) HAVE BEEN PURPOSEFULLY FURNISHED INFORMATION THAT WAS FOR THE EXCLUSIVE BENEFIT OF FINANCIAL INSTITUTIONS AND BANKS. TODAY THE TRUTH WILL BE EVIDENT. KEEP YOUR EARS AND EYES OPEN TO WHAT HAS BEEN HAPPENING THAT WAS EXPOSED TO ME THIS MORNING. I WILL BE AT LIBERTY SOON I HOPE FOR THE EXPOSE' OF THE ACTIONS OF A FEW THAT WILL AFFECT US ALL.
4-2-2014 Newshound Guru Tlar Article: "Washington warns Barzani of the Kurdistan Declaration of Independence" Personal speculation - Never happen. Barzani is using this for muscle in his negotiations with Bagdad over the budget. He is a realist and knows that war would surely pursue immediately...Barzani would never take that chance. Kurdistan and Bagdad are attached at the hip both now and in the future. Kurdistan and Bagdad will work this out soon and I think the budget is the key. As long as Kurdistan gets what they think is their fair share they will be satisfied until the next problem. I see this as a card being played to force the hand Maliki's government to come to terms on the budget and they are, IMO.
4-2-2014 Newshound Guru Millionday We see that the retirement law is done...Published in the official gazette and implemented this law from the date of 01.01.2014. They published it to begin the beginning of the fiscal year as they are claiming that all is to be with the calendar year as well. They will get back pay and begin with the calendar year -- wow hope that is the budget as well -- they said they have plenty of time with it being five days -- makes you wonder what is at the end of that time -- very interesting timeline they are stating. Najafi had a closed door meeting and they postponed the budget yesterday to give five days for all to work out disagreements etc -- so in five days it will be back on table.
4-2-2014 Intel Guru Jester A LOT GOING ON...MOST OF IT REALLY GOOD...THERE IS A LOT OF INFORMATION TRACKING ALL OVER... AND SOME OF THE PEOPLE THAT ARE USUALLY NOT THAT EXCITED ARE SORT OF WAVERING ON THEIR STANDARD ANSWERS... SOMETHING IS GOING ON... NOT SURE HOW CLOSE IT IS YET... BUT SOME OF THE RUMBLINGS ARE THAT WE ARE JUST AROUND THE CORNER.
3-2-2014 Newshound Guru Millionday as we know they are preparing to bring the iraqi banking to the world - one step at a time so what we will see is them getting their country international first but know they will have banking around the world too. the private banks that want to be included on the market have issued their paperwork. [See the "possible things to do list" in the Dinar Guru Resource Bar on the left #10]
3-2-2014 Intel Guru TNT Tony The rates haven't changed. Iraq was supposed to make an announcement that they are international today but have not verified this. We were expecting it like Tier 2 & 3 banks, but the rates were not released to them even though since Thursday night they were told it would happen. Someone here is still holding it up. I know a minimum 25k people were exchanged yesterday in private placements. The time frame is good, rates are good, all we can do is wait. Could this happen today? Today is not over...we are hearing this could be a good day. [post 2 of 2]
3-2-2014 Intel Guru TNT Tony Over the weekend we heard good things were happening, promises were made. Many politicians were upset this morning because they were promised that this problem would go away over the weekend. They get lied to just like we do, and they are absolutely upset about it. Tier 2 and 3 banks were told the rates would go live, so they have been lied to as well. [post 1 of 2....stay tuned]
4-2-2014 Newshound/Intel Guru BGG I almost hate to say this...for all the reasons - Pro and Con...but I was thinking and talking to some folks. it would not surprise me for Maliki to hold this thing until late in this current election cycle and "pull the trigger" very close to the elections to try and stir up some controversy and take credit right before the elections - not allowing his opposition any time to counter.
4-2-2014 Newshound Guru Millionday [That article...about the WTO training they are doing in March. Is that training because they will have been accepted into the WTO or preparing them to enter?] they said they are planning on being active members this month -- they said next last month so we shall see if they get it all done for that to happen but they are rolling so it looks good with the market and the need of the globe as well.
3-2-2014 Newshound Guru Tlar Article: "Plan to Convert Iraqi Districts into Provinces Widely Opposed" Maliki is doing everything possible to screw up the coming elections. It will be to no avail because he still does not having the backing to get a third term. This is a blatant move to attempt to stack the odds in his favor. It won't work.
3-2-2014 Intel Guru BWM I said last week it didn’t look good for it happening...and no, I don’t believe it will happen tomorrow either until I hear that things that I was told that need to be completed are done.
3-2-2014 Intel Guru TerryK IT WAS ALL TO GO DOWN SUNDAY NIGHT...BUT AGAIN NOTHING. [do you expect it today or tomorrow?] RUMOR TUESDAY NIGHT.
3-2-2014 Newshound/Intel Guru BGG Article: "35 trillion dinars in circulation" HUGE ARTICLE!! Looks like to me, they are looking to reduce the amount of currency in circulation. This says good things for us in the future. Once you get past the “timing issue” – there is no way they are lining up for a LOP.
2-2-2014 Intel Guru Delta URGENT FROM IRAQIA TV: FINANCE COMMITTEE CALLS THE GOV TO FORCE INVESTMENT COMPANIES TO TRADE IN IQD. (What does that mean?) THE ONLY WAY FOR THOSE COMPANIES TO USE DINAR IT HAS TO BE TRADABLE. MORE VALUE RV...YOU CAN SAY ARTICLE 8.
2-2-2014 Intel Guru SteveI [do your sources think Maliki is holding things up?] It is not any one person but rather many groups that can not agree on anything. I am still looking a maybe the first quarter of this year or perhaps mid summer at the latest.
2-2-2014 Newshound Guru Kaperoni ...We know based on the auction results that in fact, just the opposite is occurring...that the CBI cannot maintain the desired 2% spread and in fact the dinar is getting weaker. And the suggestion of selling gold or bonds for monetary policy supports that information. Back in 2012, an article or two came out that Shabibi removed 12 trillion dinar through the auctions over a 3 month period...much of which I am sure went back...for salaries, etc. [post 2 of 2]
2-2-2014 Newshound Guru Kaperoni Article: "35 trillion dinars, the volume of cash in circulation" ...the very principles of the currency auction tell us that dinar has to remain in circulation until they begin the transition. Remember that the Auctions primary purpose (and the CBI's) is monetary stability. That is achieved by a balance of currency dinar to dollar. If one or the other depletes, it creates demand for that currency. Therefore, if the dinar was being significantly removed, a substantial amount of pressure would be on the dinar value to rise in the market. [post 1 of 2....stay tuned]
2-2-2014 Newshound Guru Tlar If we are to believe that today there is 35 trillion in circulation, we would have to believe the money supply in dinars has grown from 4 trillion in 2012 to 35 trillion by the end of 2013. The only thing that can be proved is Saleh's statements from early 2012. That would be the beginning numbers that the press has repeated over and over since then. Since 2012 the CBI has not produced any numbers on dinars out and dinars circulating in Iraq. [post 2 of 2]
2-2-2014 Newshound Guru Tlar Article: "35 trillion dinars, the volume of cash in circulation" 35 trillion is a press stock number from early 2012 told to the press by Saleh. The CBI has not revealed how many dinars are in circulation since this was disclosed by Saleh in early 2012. Saleh also disclosed that there was only 4 trillion out of the 35 trillion circulating in Iraq at that time. Iraq has been dollarizing for 16-17 months. I doubt that there is even 4 trillion dinars left circulating in Iraq. [post 1 of 2....stay tuned]
2-2-2014 Newshound/Intel Guru Eagle1 We really had expected the GCR to be released...so that the numbers would be available globally in readiness for the Chinese New Year...this may have actually happened behind the scenes, but we won’t get to see the numbers on exchange screens at the banks before Monday/Tuesday, depending on whether the GCR is released to FOREX at 5:50 PM Eastern on Sunday night, or whether they wait until after Midnight Eastern. If the GCR is delayed until after Midnight Sunday...we will not get to do any exchanging until Tuesday morning when the banks open. [post 3 of 3]
2-2-2014 Newshound/Intel Guru Eagle1 This is a revalued figure we have been seeing since shortly after I had a sneak peak at the Iraqi Budget in the Spring of 2013. You may remember that I calculated the RV of the IQD on the basis of taking the projected income for the year against their projected expenditures. The number at that time was a fraction of a penny under $3.42. It appears they have pretty much maintained that number. This is not an RV of the IQD: this is an RI (or an approximate reinstatement of original value). Although there have been suggestions that the number may actually come out closer to $3.50 with the objective of achieving parity with the Kuwaiti Dinar, it appears to me at this moment that we may have to wait to see a higher value for the IQD. [post 2 of 3....stay tuned]
2-2-2014 Newshound/Intel Guru Eagle1 The last few days have been filled with some interesting events behind the scenes. We’ve seen the Bank of Baghdad begin selling its stock shares on the ISX at something like $7.19/share. The hilarious thing is that on the Iraqi Stock Exchange, the shares list at 2.09 IQD. When you do the math, it works out to $3.44 per Dinar. That is consistent with a report that came from a Senior VP at Chase who reported to us yesterday that he was seeing the new rates for the GCR on his administrative screens. The Dinar was listed at $3.44. [post 1 of 3....stay tuned]
1-2-2014 Newshound/Intel Guru BGG "Redenomination" and "establishment" of an exchange rate (of 1.17 dinars to the dollar) are two terms that don't exactly belong together. Redenomination isn't the way to "ratchet up" the exchange rate to where it was before...We artificially suppressed their currency in the beginning - it stands to reason the process will be reversed (at some point).
1-2-2014 Newshound Guru Millionday [If the Budget gets passed what will that do for us?] it will begin the movement of all international contracts and also province contracts and money -- the movement of money and distribution will demand the economic and monetary reform. so we are on the right track and by no means have made a bad choice so hold on because it is rolling and this is great.
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