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Saturday, November 21, 2015

DINAR GURUS UPDATE, 21 NOV

11-21-2015   Newshound Guru Millionday    Article quote:  "...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."   CBI IS RELEASING DENOMINATIONS THAT ARE LESS THAN 250 DINAR NOTE -- ADD IN A 500 DINAR NOTE.  THIS IS ALL PART OF THEIR NEW PLANS AND TO FILL THE MARKET NEEDS.  THE COMPLETE MONETARY STRUCTURE INCLUDES THE DEVELOPMENT OF A HIGH VALUE FOR THE DINAR AND ALSO SMALL DENOMS AND INCLUSION OF A 50,000 DINAR AS DESIGNED.   WHEN THE IRAQI SMALL DENOMINATIONS ARE RELEASED DUE TO A CHANGE IN PRICES AND THE RAISE TO A HIGH VALUE FOR THE DINAR -- A RESULT OF THAT WILL BE THE RELEASE OF INTERNATIONAL VALUES/PRICES FOR THE DINAR...THEY DID NOT GIVE A DATE --- HOWEVER ACCORDING TO WORLD BANK IT IS URGENT.

11-21-2015   Newshound Guru Kaperoni   Article:  "Parliament Decides to extend its sessions to the 23 of this month"  There is no details to this article but I get the impression we may be in for a holiday month long break at parliament.  Hope not.

11-21-2015   Intel/Newshound Guru Mnt Goat    ...about the second week in November they began ramping up the news with a series of articles on the process to delete the zeros and have not stopped since.  - they told us of intentions to gradually wean off the currency auctions and FLOAT the dinar  - they introduced the project to delete the zeros to us again and explained it in detail  - they then told us they were ready to begin the process thus launch the 50k notes.  So we are now witnessing the end to this project. The final steps.  They are even telling us they are going to launch the $500 dinar.  A 500 dinars note was issued in October 2004 so I think they are just issuing a new edition with more security features and maybe Kurdistan symbols on it.  The Next Step after launching these lower denoms is the raising the value and putting the dinar on the FLOAT currency regimeThis they tell us will complete the process, it is the completion of their currency reform.

11-21-2015   Newshound Guru mike   ...as far back as 2012, the plan didn't include the 50k, that's a new change that came up in the recent past.  I've got reports from the Ministry of Planning, a report to the Special Inspector General for Iraq Reconstruction, a report that's submitted to Congress saying the note was going to be worth 50k, not a 50k itself.  I realize that's not the plan, now.  ISIL and the price of oil have gummed up the works and apparently, the only way they can get something done is to have the IMF come in and set things right, move to Article VIII and get some value added to the dinar.  ...I just don't believe it's always been the plan. 

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