5-28-2013 Newshound/Intel Guru Eagle1 Once again, for the sake of clarification, the VND and the IQD are in this first basket together. The expected rate of $3.42 (or thereabouts) for the IQD internationally will affect the cost of goods imported into country dramatically. Iraqis will go to the markets and their currency will buy a whole lot more of those imported goods than they do today, but their Dinar will still be 1:1 in country. The same is true of the VND...when the VND is revalued at an expected $.47 against the USD, it will still spend in country like the Dong does today. We are still on a moment-by-moment, hour-by-hour basis for everything to pop. [post 3 of 3]
5-28-2013 Newshound/Intel Guru Eagle1 (If you all remember the 4 Pip movement in February of last year, that took place after the CBI had held their auctions, and it took place later in the day.) If I were a betting man, however, I'd bet you a hamburger that it's more likely to be Wednesday or even Thursday. The original intel was accurate and everyone genuinely expected to see things fly today. Truth is, things really ARE moving along! The President of Commerz Bank International was reported by Bloomberg Television this morning to say that the implementation of Basel III was imminent. I didn't see the report personally, but it was reported to me that he made the statement that, "If folks have been alert enough to see this coming, and have invested in some of the currencies, they stand to make a lot of money." [post 2 of 3....stay tuned]
5-28-2013 Newshound/Intel Guru Eagle1 In case you don't recognize my face this morning, that's only because I've got egg all over it! Not to worry, though. It's about to get wiped off! We have some angry folks within the banking system this morning. Call centers were put on alert, people were being called into the banks in preparation for handling the rush of folks coming in to do their exchanges -- and all of a sudden, everything was off! From what I've learned thus far, there was some disagreement over the timing of this release. It appears that they may have resolved those issues, and there is a remote possibility of seeing some activity today. [post 1 of 3....stay tuned]
5-28-2013 Newshound Guru Stryker Another article making reference to a number of experts, specialist and committee members believing that the quality of goods would improve once Iraq has full membership into the World Trade Origination. Including more meetings for Iraq's full accession into the WTO. Put these two together with the fact that both Foreign Ministers of Iraq and Kuwait met on Sunday announcing that Iraq has met their International obligations and are ready to exit out of Chapter VII and into Chapter VI makes me believe Iraq is also getting very close to seeing Currency Reform. [post 2 of 2]
5-28-2013 Newshound Guru Stryker ...the news out of Iraq concerning the Tariffs, WTO and Chapter VII sure look like they are moving along nicely. Article stating that the Parliamentary Economic Committee announced today that they have made amendments to the Tariff Law to make it easier to implement them and these amendments are ready for Parliaments return next month. [post 1 of 2....stay tuned]
5-28-2013 Newshound Guru Doc The second reason for the misinterpretation is they fail to put the article into context with all the other articles. When you understand the street value of the dinar is well over 1300 (we have heard as high as 1500 although not substantiated) you can imagine the frustration on the streets by the common citizens. It is if they took a 20% reduction in pay (everything costs 20% more versus exchange rate of 1166). With this it is easy to understand the articles about protests and demonstrations in the streets. The article in question about the CBI taking steps to raise the value is simply addressing the situation previously described. The CBI is under tremendous pressure to get the exchange rate back to the program rate of 1166. The steps to do this are what is being referred to in the article. We report, you decide. [post 2 of 2]
5-28-2013 Newshound Guru Doc We have received numerous questions concerning the article that talks about the CBI taking steps to raise the value of the dinar in June. Many of the internet sites are screaming that this is the announcement of the RV. Unfortunately this interpretation is totally incorrect for several reasons. The most obvious reason is there is no way the CBI will ever pre announce any RV. It would be cheaper for them to simply start giving away millions of dollars. Think about this seriously. If an RV was announced ahead of time the run on dinar would be staggering and the liability to Iraq economically unsustainable. [post 1 of 2....stay tuned]
5-28-2013 Intel Guru Delta EVERY DAY AT 12 NOON IRAQI TIME THEY HAVE A LIVE NEWS THEN AFTER THE NEWS THE ECONOMIC NEWS COMES AFTER . YES THEY SAID THAT THE CBI WILL IMPLEMENT A PLAN EARLY JUNE AND THIS PLAN WILL INCREASE THE VALUE OF THE IQD. IT COULD HAPPEN AT ANY DAY NOW . I WILL BE SURPRISE IF IT PASS JUNE 4TH WITH NO RV. [post 2 of 2]
5-28-2013 Intel Guru Delta ["This morning [Sunday] tv broadcast ran special news reports telling the Iraq people that the first part of June they will see the revalue of the Iraq dinar. It is also scrolling across the bottom of the screens continuously."] YES THAT IS TRUE AND THE SCROLLING ACROSS THE BOTTOM OF THE SCREEN I GOT A COPY OF THAT ON MY PHONE. [post 1 of 2....stay tuned]
5-28-2013 Intel Guru SteveI I do think June will be a very telling month in which you will see some major changes coming in the way of monetary policies which will effect the value in a huge way. I really do feel that June is our month. Time will tell, but we all need to let Iraq accomplish the final tasks. The news so far coming out of Iraq is very positive and for sure is pointing in the right direction... By the way, as of the other day, all of the ISX businesses are still devalued by 80 to 90 percent. This folks is huge. [post 2 of 2]
5-28-2013 Intel Guru SteveI There are so many great articles that are addressing the fact that the value of their currency is declining and they need to take immediate actions to resolve those issues. I believe that when the parliament resumes their duties in June, shortly thereafter you will see this accomplished. Could it happen and revalue prior to that, sure and anything can happen. Why? Because it is Iraq. Have you seen anything normal come out of there yet? I think the budget not being opened is also very positive.
