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Wednesday, March 4, 2015

DINAR GURUS UPDATE, 4 MARCH

3-4-2015   Intel Guru Delta   we have several sources confirmed...this CBI article is for real...100% original fact!  This is what we’ve been waiting for! This is amazing! Wonderful confirmation...right from the horses-mouth...this was the announcement from the CBI.  The first thing they are going to do is increase the value of the IQD...and gradually introduce the lower denoms.  We believe that everything is done.  We should/must see the new rate from the CBI in the next 24/48 hours...because of the distributions of the budget.  Based on what we see...the budget...and what the Kurds got...the starting rate...could come up at 10 cents...I don’t see the rate coming out higher than 30 cents. Between 10 and 30 cents.  We may not have to wait for 2 years to see the rate go higher. Free float may drive it up. We believe they are about ready to pull the trigger.

3-4-2015   Intel/Newshound Guru tman23
   Here is some factual news I will share...They are distributing Qi Cards out of country through the Iraq Embassy...And to cut to the chase...1 million IQD had a ATM show the balance available as $678 USD.  The ATM was in AMERICA...There are a selected few that are working being part of a beta phase pre se'...They are working on opening distribution in America ...I don't look at the Qi Card for a rate but more so the banks and the process of clearing payments...International!

3-4-2015   Newshound Guru Millionday   IT APPEARS THERE IS ALOT GOING ON AND I AM EXCITED.  THE BEST PART IS THE COORDINATION OF THE CBI AND PRIVATE BANKS.  THIS MY FRIENDS MEANS THE CURRENCY WILL BE SOLD AT --- SUPPLY AND DEMAND -- A MARKET ECONOMY DEFINITION.  [do I understand they will continue selling their currency in supply and demand?]  THEY WILL BE SELLING IT ONLY UNDER A MARKET ECONOMY STAGE OF SUPPLY AND DEMAND AS WITH MANY OTHER COUNTRIES... WE ARE SEEING NORMALCY.

3-4-2015   Intel/Newshound Guru Poppy3
  NO OFFICIAL FROM ANY AGENCY THAT HAS ANYTHING TO DO WITH ANY RATE HAS EVER SUGGESTED A LOW RATE?  PERIOD.  IMF SAID AND APPROVED AND POSTED ON THEIR WEB SITE IN OCT 2010 THEY APPROVED $3.22 CENTS PLUS UP TO 20% FOR INFLATION AND ALL THAT HAS CHANGE FINANCIALLY SINCE THEN...THEY HAVE ALMOST DOUBLED THEIR FINANCIAL RESERVES. AT LEAST 10 TIMES CBI OFFICIALS HAVE TALKED CLOSE TO KUWAIT RATE BUT ABOVE AND THEY ARE AT $3.50 PLUS.  

3-4-2015  Newshound Guru Breitling
  [Is it safe to assume that if the process to retire the 50 dinar note will take till the end of April that the dinar won't change in value during the process of exchange, therefor our next window won't begin until the process is complete? Nope has nothing to do with it…the float could start today.  It could have started 2 years ago.  It's always been on the table that they were going to revalue at a small rate and then float from that point or float from the rate we are at right now…it will float from 1166 dinar on up.  Can they come up with 5 or 6 cents or 10 cents?  Sure!  Because they reduced the note count so much…the language they are using is they want to float it from the rate that it is and that's basically what they've told us...

3-4-2015   Newshound/Intel Guru BGG
   On Tuesday the CBI gave the green light for the "delete the zeros project".   This is the best news of the dinar decade.  There has not been any news better than that in print.  For the CBI to talk about this publicly, for us investors,  it is huge news because the deletion of the 3 zeros project is in some form or fashion a shift in the value of the currency.  It's going to take something to get those notes out of the marketplace.  There's really no reason to take those notes out of the marketplace. This is a huge step forward for the investment and let's hope they move forward quickly & hope they implement it in short order.  I think they will.  There is conversation in the guru realm about the $.10 mark. I am not as concerned about the number as I am about the "when" and I think it's not impossible to believe it will start a lot lower.  

3-4-2015   Newshound Guru sczin11    [do you know of an article which states a 25k will equal 25 'only' in country?]  HAVE NEVER SEEN AN ARTICLE LIKE THAT IN OR OUT-  ...HAVE SEEN NOTHING ON A LOP...IT IS ALL INTERPRETATION ON "REMOVING THE ZEROES" OR " DELETION OF ZEROES".  WHY WOULD THEY NEED 2 YEARS TO LOP?

3-4-2015   Intel Guru TD   Monday's Central Bank's announcement of the "green light" being given of the deletion of the zeros program is the Abadi's stamp of approval of the steps and mechanics preceding the start of this program. Now Parliament must also vote and approve the contents of this study.  In addition the "regulatory" parts refer to the banking and investment laws still needed to be passed.  Also gluing the country's banking system is needed before implementation can begin. As was stressed in the release the ongoing priority of  "security and stability" as priority steps before the country can initiate the monetary reforms it wants to do. There is growing optimism that the Iraqi army can and will launch successful military offensives to defeat ISIS here this spring and summer and therefore regain lost cities and begin the economic programs countrywide. Can they initiate the deletion of the zeros program still this year (late this year?) . Conditions on the ground will dictate that.  Lastly, they once again spelled out very clearly the true meaning of what "deletion of the zeros" truly means when the article said that the program will bring the country's notes from "trillions to billions".  That confirms that it means LOP. Plain & Simple! 

3-4-2015   Intel Guru TerryK
    DONG WILL COME OUT AT THE SAME TIME AT 1.09 - 1.39.  WILL STAY STRONG ...MAYBE GO TO FREE FLOAT WILL HOLD FOR 6-8 WEEKS THEN MAY CAP AT OVER 2.00.  4.  ZIM IS DROPPING 6 ZEROS IN THE MORNING [WEDNESDAY]  IF THEY HAVE NOT DONE IT ALREADY AND WILL THEN COME OUT AT .15.   THAT’S FOR THE TRILLION NOTES AND BILLIONS.  THE MILLIONS THEY ARE DOING SOMETHING BUT CAN’T FIND OUT WHAT.  SMALLER BILLS WILL BE LEFT ALONE.  SINCE THEY HAVE LIKE 24 DIFFERENT BILLS I HAVE NOT LEDGEND WHAT THEY ARE GOING TO DO  IF ANYTHING.  SO NOW YOU HAVE IT...RATES AND DATES AND A LITTLE WHY BEHIND THE PICTURE WHY IT HAS NOT GONE YET.  [post 2 of 2]

3-4-2015   Intel Guru TerryK   HERE IS WHAT I WAS TOLD TODAY...4 SOURCES.  1. WE ARE TO SEE THE RV THIS WEEK...NO DOUBTS...
MAYBE...(2) AM WED MORNING...I DOUBT THAT ONE...BUT HAS LEGS.  2. MOST LIKE THURSDAY NO LATER.   RATE BEING TOLD IS 3.90.  THE HOLD UP WAS...CBI WANTED SUCKER RATE.  IRAQ GOV SAID NO WE HAVE TO MANY COMMITMENTS WE NEED 3.90.  IT WAS AGREED TODAY.   3.  IRAQ WILL COME OUT AT 3.90 AND HOLD FOR A FEW DAYS TO A WEEK THEN IT WILL CLIMB PAST 8.00 NO MORE THAN 9.79.   IT WILL HOLD FOR MAYBE A WEEK OR TWO THEN DROP TO WHATEVER RATE KUWAIT IS AT PLUS .50.  

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