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Friday, June 15, 2012

DINAR GURUS UPDATE, 15 JUNE

6-15-2012  Intel Guru BWM   news is really good and as much as I hate that "never been closer" the reality is that every day we are.

6-15-2012  Newshound Guru Mike   "Deputy Central Bank Governor:  There are blurred in the understanding of partnership with the Government of the Central Bank"...loved this article...talking about the relationship between the government and the Central Bank of Iraq...its more important now than ever as they move forward in this process and moving the RV forward that they understand the government plays a fudiciary role of oversight - they don't get to determine what the monetary policy is...the Central Bank is in control of the monetary Policy and not the Government and they need to make sure that they start to broadcast that out to everybody.     ["continued in post 2...stay tuned"]

6-15-2012  Newshound Guru Adam Montana  I'm not placing any bets on this particular UN meeting, from what I've been told they aren't prepared to settle the big issues.  I think we are still a few weeks out after this next meeting,  however... I will be happy to be proven wrong! They have been working towards a resolution of HCL and Chapter 7 for years and getting closer all the time.    ["continued in post 7...stay tuned"]

6-15-2012  Intel Guru BellaGrits  THINGS ARE STILL LOOKING VERY POSITIVE FROM EVERY ANGLE...I KNOW YOU ARE LOOKING AT IT AS A FRIDAY ABOUT TO HEAD INTO A WEEKEND-- PLEASE DON'T....PLEASE LOOK AT IT AS THIS CAN "POP" ANYTIME.  I KNOW ALL IS DONE THAT REQUIRES COMPLETING THIS REVAL....LOGISTICS??? 

6-15-2012  Comedian Guru BWM   if I had a quarter for every hour I was supposed to be at the bank I wouldn't need an rv.

6-15-2012  Newshound Guru Enorrste   it is impossible to talk about a “raise” in the “value” of the dinar and talk about a LOP in the same sentence. A LOP is revenue neutral, whereas a revaluation involves a “raise” in the “value” of the currency.   The removal of the large notes (remove the three zeros) does NOT affect the value of the currency. The RV (revaluation) which makes the small denoms have value ("about $1" per CBI statements) DOES INDEED raise the value of the currency. However, after the RV, those who have some of the large notes will benefit, because THOSE NOTES will also RAISE THEIR VALUE, only at the NEW value of $1 per dinar.  The confusion for those who view this event as a LOP is that they have consistently misunderstood the meaning of "remove the three zeros". They think that the zeros are just LOPPED off, when in fact the CBI is quite clear that the "three zeros notes" will remain legal tender at least until mid 2014, AND that they will retain their value as legal tender.  [Get the full LOP report coming soon...make sure you sign up in the Blue Box above, right side.]

6-15-2012  Newshound Guru Adam Montana  tarriffs are extra taxes imposed on goods... they don't signify an RV. One could make the argument that it would be silly to add extra tax on goods that are out of the average Iraqi's reach in the first place, unless there was a plan to increase the wealth of the average Iraqi in the near future... but the tarrifs themselves have nothing to do with thevalue of the currency.    ["continued in post 6...stay tuned"]

6-15-2012  Newshound Guru Med  GREAT FIND...FROM THE MAJOR NEWS SOURCE...THE VOICE OF IRAQ.  THIS TELLS THAT THE CENTRAL BANK IS FIRST DELETING THE ZERO'S FROM THE NOMINAL VALUE, THEN THE GOVT AND THE PARLIAMENT HAVE DECIDED ON THE THEME FOR THE NEW CURRENCY THAT WILL BE ISSUED AFTER THE NEW EXCHANGE RATE IN EARLY 2013.  THEY...HAVE NOT STOPPED WORKING ON THE VALUATION OR THE REPLACEMENT OF THE CURRENCY POST RV.  WE CAN ASSUME THIS IS THE TIME LINE...6 MONTHS OR LESS.  GREAT NEWS.

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