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Tuesday, March 29, 2016

DINAR GURUS UPDATE, 29 MARCH

3-29-2016   Newshound Guru firefly   [any thoughts on what we are waiting on? you think it's the players in the global economy or something more specific in the world?]  IMO .. we are standing on the precipe [precipice?], can't turn back. The process IMO is already in play.

3-29-2016   Newshound Guru Kaperoni   "Iraq paper from a class of 50 thousand dinars to support trade"  It sounds to me that we have a confirmation of a float of the dinar.  The way I read this is that they decided against the "delete zeros" which some have always believed was a LOP, and decided in favor of allowing the dinar to rise against foreign currencies via float (a basket is a variation of a float) to achieve the results.   ...they must exit the peg in order to float.  We long have believed that at some point, the CBI would exit the peg (via orderly or disoderly) and float the dinar...All we can do is let the process play out and watch.

3-29-2016   Intel/Newshound Guru Poppy3  I AM EXCITED THAT THE REPORT FROM THE FINANCIAL MEETING IN ABADI'S SPEECH SAID THEY WILL ENTER GLOBAL ECONOMY THIS WEEK. HE REPORTED THEY HAVE THE HIGHEST GDP IN THE MIDDLE EASTWELL IF HIGHER THAN KUWAIT AND KUWAITS DINAR VALUE IS AT $3.38 then where can iraq VALUE BE.  ...SOUNDS GOOD TO ME.

3-29-2016   Newshound Guru Kaperoni  Article quote:  "...economic growth in modern Iraq can not be released without a growth in the overall and sectoral economic indicators of the economy with an increase in the volume of investment in order to raise and improve the living standards of the citizens..."   This such a great article because it makes it absolutely clear that Iraq cannot achieve the results of a market economy staying "status quo." That they cannot stay dependent on the dollar, and maintain a closed banking system if they expect to bring any kind of market economy, jobs or prosperity to Iraq.  And we all know how the pressure is building for them to make real changes. We have stated here several times the steps to a market economy and have stated how significant the banking system is to that success, it is nice to see confirmation again that we are on the right track.  Yes, there is no answer to "when" but the table is being set.  These kinds of articles are very exciting.

3-29-2016   Newshound Guru Tlar   Article quote:  "...The Financial and Economic Intelligence Department of the Ministry of Interior announced on Monday the seizure of three banking companies that were transferring funds to the ISIS..."    ...It is good to see this government at least trying to stop counterfeiting and smuggling and money laundering.  Shabibi unequivocally told the Maliki government that it is the job of the government to protect the money.  Shabibi identified many leaks while in office including finding people on the CBI payroll that were stealing for Maliki.  Shabibi tried to remove them and Maliki told him he could not...What a pleasure it is to see this government actually going after the corrupt and catching them... 

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