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Tuesday, November 17, 2015

DINAR GURUS UPDATE, 17 NOV

11-17-2015   Intel/Newshound Guru Mnt Goat   There is a mandate from the CBI to banks that they will use these new 50k and 100k notes for very large inter-banking and commercial transactions since once they collect all the large old 3 zero notes they will no longer have the very large 3 zero notes for this purpose( 5k, 10k 25k). The 50k notes will coincide indefinitely with the new lower denominations ($5, $10, $20, $200, etc) in circulation as the new Iraq currency going forward.

11-17-2015   Intel Guru Mark
   Liquidity is gone, the can, can not be kicked down the road any further.

11-17-2015   Newshound Guru wmawhite
   Article quote:  "Warns a member of the Parliamentary Finance Committee, of the consequences of "the continuation of the central bank dollar auction to sell the currency," it is that it "threatens to fall in foreign exchange, which sees the International Monetary Fund's reserves to be dangerous."  the message continues..."it is time to stop the auctions"...IMO.  If the auctions stop the amount of USD on the streets dry up and they are left with primarily IQD..."single payor window". 

11-17-2015   Intel/Newshound Guru tman23  Article quote:  "because all the accounts of the budget will be recorded in accordance with the new currency. "   IN WHICH CASE IS A STRONG POINT AND VERIFICATION OF WHAT WE HAVE BEEN SAYING...THE APPROPRIATE TIME TO LIFT THE ZEROS IS AT THE START OF THE YEAR...NOT THE MIDDLE OF A QUARTER OR MIDDLE OF THE YEAR...THOSE WERE SHABIBI'S WORDS...EXACTLY!

11-17-2015   Newshound Guru Millionday   THE PRICES OF PRODUCTS IS WHAT RAISES THE DEMAND FOR WHAT DENOM --- IT IS NOT A PROBLEM THAT THEY ARE RELEASING THE 50,000 -- IT IS PART OF THE ENTIRE PLAN --- MEANING THIS IS GOOD NEWS.  THE BUYING POWER AND HEIGHTENED VALUE OF THE DINAR WILL BE A RESULT OF TRADE ETC BUT ALSO FROM THE GLOBAL PRICING INDEX BEING CALCULATED ---  THE DEMAND FOR THE DENOMINATION COMES FROM THE PRICES AND A MARKET ECONOMY --- GLOBALLY --- REQUIRES FAIR TRADE ACCORDING TO THE INTERNATIONAL EQUATION THAT DETERMINES THE FLUXUATION ON THE FOREX MARKET FOR ALL CURRENCIES.  THE DINAR WOULD NEED TO BE CALCULATED TO ITS TRUE VALUE FOR THEM TO GO TO A MARKET ECONOMY.  WE WILL HAVE TO WAIT AND SEE WHAT THE PLANNED RATE IS OF CBI.  [post 2 of 2]

11-17-2015   Newshound Guru Millionday   THIS IS WHAT CBI SAYS ABOUT THE 50,000 DINAR:  Quote:  "The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version."  IT IS PAVING THE WAY TO PULL THE THREE ZERO CURRENCY AND IS PART OF THE NEW VERSION.  THIS WAS PART OF THE PLAN FOR YEARS THE NEW DINAR SERIES WILL REDUCE THE DEMAND FOR THE US DOLLAR.  IT COULD TAKE A YEAR FOR IRAQ TO HAVE ALL THE THREE ZERO CURRENCY RETURNED TO THEM.  THIS IS PART OF THE MONETARY STRUCTURE AND DEVELOPMENT.  THEY ARE INCLUSIVE OF THE SMALL DENOMS AND COINS ACCORDING TO WHAT I HAVE READ...

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