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Saturday, March 23, 2013

DINAR GURUS UPDATE, 23 MARCH

3-23-2013  Newshound Guru Med   JUST CUZ THE OVERALL SUCCESS MAY TAKE TIME DOES NOT MEAN THEY CANT REVALUE.  PROGRESS IS ALL THE WORLD IS WAITING FOR.   IRAQ HAS ENDLESS POSSIBILITIES AND TO BE TRUTHFUL IF AMERICAN COMPANIES ARE NOT LICKING THEIR CHOPS AT THE OPPORTUNITY WHEN IT ARRIVES THEN SHAME ON THEM.   

3-23-2013  Newshound Guru Med   CHINA CREATED ONE OF THE TIMES IT WAS PUT ON HOLD WHEN THEY WERE BANNED FROM BIDDING ON THE OIL FIELDS BECAUSE OF OWNING A FORMER SWISS COMPANY WHO WAS IN KURDISTAN ILLEGALLY ACCORDING TO THE GOI AND BECAUSE THEY WERE STILL DOING BUSINESS IN KURDISTAN THEY WERE BANNED FROM ANY BIDDING.   BUT, PROBLEM WAS CHINA HOLDS TRILLIONS AT THAT TIME IN DINAR... BUT IRAQ DIDNT HAVE THE FUNDS.  

3-23-2013  Newshound Guru Med   WHAT THEY ASKED WAS WOULD THE U.S. BACK THE DINAR WITH THE FULL FAITH AND CREDIT OF THE UNITED STATES OF AMERICA.   WE SAID YES  BUT THEY HAD TO IN TURN, TURN OVER ALL THE GOLD THAT IRAQ HELD AS COLLATERAL.  THEY WOULD NOT DO IT  SO IT ENDED UP A WASH.  

3-23-2013  Newshound Guru Med    OVER TWO YEARS AGO IRAQ WANTED TO REVALUE.   THE ACTUAL VALUE OF THE DINAR WAS DELIVERED TO ALMOST EVERY INSTITUTION IN THE U.S.   MALIKI...WANTED THE OLD RATE.  WHAT WAS DELIVERED WAS THE RATE OF EXCHANGE.   IT WAS DELIVERED IN SEALED ENVELOPES AND PUT AWAY.   THEY WERE TO BE OPENED ONLY BY THOSE WHO NEED TO KNOW WITH INSTRUCTIONS.  

3-23-2013  Newshound Gurus Bondlady & Shredd    huge things being set in place by not only the IMF but also the WTO.... such awesome news in this article from the IMF that came out yesterday... yes yes yes and what comes with a "Free Market Economy" by definition? an internationally recognized currency.  remember the source...This is such a wonderful confirmation and report card of where Iraq is, what goals are in front of them and the projections the IMF sees in Iraq!!

3-23-2013  Intel Guru Frank26   We have been looking today for an extension of the Standby Agreement.  There isn't any.  They have entered the one way street to revalue their currency.  They've got the green light.  This is huge.  Now, it's up to Iraq to follow through within 30 days, 30 days or less.  If not in 30 days, it kicks in anyway.  It's a one way street.  Iraq has the green light to allow them to release the rate & we believe that it will be done in the budget sometime next week, possibly even this coming Sunday.  

3-23-2013  Intel Guru Frank26   They got the green light to lift the value of their currency.  It's done.  Article 4 is the permission to raise the value of their currency and they are about to do that next week through their budget and the following week Kuwait is coming to say "congratulations" here is the key to Chapter 7.  

3-23-2013  Intel Guru Frank26    Article:  "IMF mission concludes Article 4 discussion with Iraq"   Article 4 is the key to their shackles, Chapter 7.  In the last 10 days the IMF met with the GOI and the CBI.  They accepted everything presented to them to have approval to raise the value of their currency.  This was the key to their shackles, it's called Article 4.  The IMF needed 85% of it's members to raise their hands and say they allow Iraq to increase their exchange rate and the got it.  They now exit from, from the IMF, Article 14, accepted through Article 4, to enter International status of Article 8.  

3-23-2013  Newshound Guru Bondlady & Shredd   inflation has been kept in check also due to the monetary policy, inflation was contained at 6 percent, and we project it to decline slightly next year. I also wanted to conclude this last part of the paragraph  "CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion". so the CBI has 70 billion in reserves and 18 billion in the dfi fund 88 billion, huge reserves for sure...yes, that's not a LOP country with those kind of reserves.  
3-23-2013  Newshound Guru Bondlady & Shredd   a very encouraging summary by the IMF follows:  "Iraq managed to maintain macroeconomic stability over the past two years and "rising non-oil activity"  We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013." perfect confirmation of Iraq's strength....from the IMF!  
3-23-2013  Newshound Gurus Bondlady & Shredd   Press Release:  "An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion."    this document comes straight from the IMF and its discussing article 4 of the IMF.  it was nice to see from the IMF that "Following the recent expiration of the Stand-By Arrangement ..."  we felt like it had expired but there wasn't anything in print before now.

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