DINARESGURUS.BLOGSPOT.COM_________

Friday, November 20, 2015

DINAR GURUS UPDATE, 20 NOV

11-20-2015   Newshound Guru rcookie  THE LIQUIDITY OF DINAR CURRENCY IN CIRCULATION FOR TRANSACTIONS IS INADEQUATE...AND ULTIMATE STATED GOAL IS TO REDUCE DEMAND FOR THE DOLLAR WHILE CURBING INFLATION...AND PART OF DELETION ZEROES PROJECT...AND BASICALLY LIQUIDITY MANAGEMENT TOOL.

11-20-2015   Intel Guru SteveI
   Article quote:  "It confirmed the three presidencies, to speed up the passage of the draft budget for fiscal 2016 Act."  Very good news. I ...love the progress! December is looking better and better, but first quarter 2016 is looking awesome as well.

11-20-2015   Newshound Guru Kaperoni   Article:  "To issue less than 250 dinars coin a new edition for 500 dinars economic plans"  Well it fits with the CBI statement earlier this year of 50, 100, 200 by 2017.  Any new denomination will have Kurdish language now.   ...the reality is only one restriction stands in the way between remaining in Article XIV and achieving Article VIII.    The importance of  "freedom of movement of capital" cannot be stated enough if Iraq wants outside investment.  Abadi is full aware that currency reform is a major hold up to his countries ability to create diverse income.  So in reality, all these recent moves are well in line and very promising that they will do what they say this time.  The alternatives are not good.

11-20-2015   Intel/Newshound Guru Mnt Goat  Eventually the CBI will have to tell the banks to begin launching the lower denominations into circulation.   Article quote:  "A commission of economy and investment plans for new parliamentary Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars. "  When these lower denominations are launched you can buy your bottle of champagne and put it on ice since it is not long before we, as outside investors, are at the bank.  [post 3 of 3]

11-20-2015   Intel/Newshound Guru Mnt Goat   Article quote:  “CBI had announced earlier issued a new banknote fifty thousand Dinars category in order to complete the Iraqi Securities monetary structure, and the DEVELOPMENT OF HIGH VALUE IN THE TRADING CATEGORY.”  So we see this was the purpose of launching these new 50k notes. The CBI told us themselves.  So at some point in time soon I expect they will hit a point they need and then pop out the new rate...this will be sudden and excepted. This process is NOT a currency FLOAT as many have alluded to will happen. They will simply go from the 1166 rate to a 1:1 rate with the USD. The IMF is now working very closely and monitoring it very closely.   [post 2 of 3....stay tuned]

11-20-2015   Intel/Newshound Guru Mnt Goat    As I have said many times...watch for the project to “delete the zeros” and other signs and our RV is close at hand. Now we are witnessing these signs and so the probability of the RV increases as each day passes.  So today’s news is all TERRIFIC and EXCITING!  IRAQ HAS LAUNCHED THE 50K NOTES! HURRAY!  ...this is an excellent sign too that they have in fact launched the project to “delete the zeros” already and the process is now underway once again. We simply have to wait and watch for news of the amounts of the 10k and 25k notes collected. This could take a week maybe a month. But I am hearing it will sooner than later...Because they already collected nearly 80-90% of the 10k and 25 notes. 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.