3-6-2014 Newshound Guru Millionday they are making sure they are set to move forward with the banking reform finally and that will include the monetary policy. the fact that they are ready for the banks to hit the stock market and the banking to expand to foreign needs and also the growth for the country -- is the best as far as we are concerned -- huge and the timing is great!! (post 2 of 2)
3-6-2014 Newshound Guru Millionday Article quote: "The banks have a significant role in the next phase of Baghdad - the joy of pumice when expanding the limits of development increases the need for a bank more sophisticated and broader service center..." they are talking about the growth to come in the use of banks and the services -- this is time to activate the banking reform -- which can not be done without --- THE REALITY RATE. (post 1 of 2....stay tuned)
3-6-2014 Intel Guru TerryK [...do you think the delay for the RV is in Iraq or in USA?] USA. [So everything is complete and done in Iraq?] WHAT I HAVE BEEN TOLD YES. WHERE THIS IS STILL AT IS BETWEEN THE UN AND IMF AND THE USA...UST IS THE USA SIDE. THE UN AND IMF ARE SITTING HARD ON NOT GIVING INTO THE USA / UST UNTIL THE USA RELEASES HOLD OF VOTES TO CONTROL WORLD ACTIVITIES. WHAT I GOT THIS AM CALL IS TODAY LOOKS STRONG. 8.16 IS WHAT I HAVE BEEN TOLD. [any word on the rumour mill about the Dong at 6.05 sounds outrageous to me?] MY SOURCE IN COUNTRY IS TELLING ME THEY ARE HOPING TO HIT 2.22 BUT TO BE HONEST CANT SEE IT MORE THAN .25 COMING OUT AND FREE FLOAT.
3-6-2014 Newshound Guru Enorrste Article: "Is the process will delete the zeros of the Iraqi currency to stop rigged?!" this article is a confirmation that we are on the right track. There will be a beginning of a free float THIS YEAR, followed by a GRADUAL RISE IN THE VALUE OF THE DINAR which will lead to a GRADUAL REMOVAL OF THE LARGE NOTES as the value of the dinar rises. Our journey is about to bear its fruit, assuming nothing ELSE comes along to derail it!
3-6-2014 Newshound Guru Stryker Article: "Is the process will delete the zeros of the Iraqi currency to stop rigged?!" Quote: "memory that the currencies of existing and new will work at the same time without reducing the value of any of them until the full absorption currency Current" This IMO, says that all the currencies will have the same value and neither will be reduced according to this quote. Meaning each dinar no matter old or new will have the same value, example: Each dinar in a 25,000 dinar note will have the same value as the new 25 dinar note, IF each dinar is equal to $1 USD then the new 25 dinar note will be worth $25.00 USD and the 25,000 dinar note will be worth $25,000 USD.
3-6-2014 Newshound Guru Kaperoni The important thing to remember is they need to put all the pieces in place for the market economy before they begin to raise the value. Based on many comments, the value will be market driven...so they do not want to screw it up and have the currency fail. We need to be patient.
3-6-2014 Newshound/Intel Guru BGG 2) Key phrase…"while the value of foreign remittances 134 000 722 thousand dollars and the exchange rate was 1187 dinars per dollar…” – clearly makes the point there were “foreign remittances” – meaning NOT DINAR being remitted to the CBI…using the USD value as a baseline… FOR DINAR. [post 2 of 2]
3-6-2014 Newshound/Intel Guru BGG Article: "CBI records 163 million dollars in sales today" This is a couple of days old…I reposted it to make a couple of points…Recently they have been recording record lows…with 97,000,000 being the lowest in years.1) Key phrase…"He added that the bulletin showed that the number of banks participating in the auction today of 17 banks did not make any of them offers to sell the dollar.” <<< This implies the CBI DID NOT SELL any of the 17 banks USD…meaning they were selling them IQD ONLY. [post 1 of 2....stay tuned]
3-6-2014 Newshound Guru Millionday [...what...about no WTO ascension for ten years?] i have to say that the lack of active membership for 10 years is not what i think at all -- i can not imagine with all of the growth they have planned and the 5 year plan in place that they would not be active for ten years. we are in a very good spot and the news gets better everyday -- i am excited about where we are and see us not waiting much longer due to the plans they have set for the country and for the globe as well. [...CBI can revalue the currency at any time to move to a market economy.] i agree -- at anytime and it is one of the CBI steps and they are in the middle of getting them done one at a time -- so one of them is what we are looking for -- the change in the rate.