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Sunday, May 29, 2016

DINAR GURUS UPDATE, 29 MAY

5-29-2016  Newshound Guru Breitling  I have not seen one negative move from Iraq that has to do with our investment…speculating on this currency…I want to be very clear about when it comes to Maliki…this is going to hurt some people…if you’ve been talking garbage about Maliki…you’re wrong…Every law Maliki passed had to do with western standards and westernization of developing their country…I’ve never seen any country hit every mark that they need to be doing to absorb the west and the capital that’s coming from the west to be able to hit that restart button.  And what’s going to be a part of that?  The value of the currency that you and I are involved with.  That’s what Maliki did.  But he is not part of the process like he used to be.  How many laws were passed under him that were pro business pro west?  It’s simple math. 

5-29-2016   Newshound Guru wmawhite
   IMO...as the IMF, MoF and CBI agreed to..."to move away from the MCPs" [Multi Currency Practice] ...the only way for that to happen is to reduce the auction to an absolute minimum...and...in order to reduce the flow of USD into the local market is to instruct the Iraqi banks to start paying/settling the foreign remittances in IQD.   ...I read on the IMF site and the exchange of foreign currencies are to reside within the local banks...not at the CBI as the auctions are currently...think about it...we know as fact, that back in December 2015...the IMF, CBI and Mof agreed to move away from the MCPs...which are a result of the auctions. We see more effort to clean up the corruption at a lot of these banks.  And why? why now?  Because...IMO...the bulk of the foreign exchange activities will reside in the local banks...not at the CBI...in the near future.   IMO...there will always be a need for some form of the auctions...however, they will be greatly reduced...BUT, can not reduce them until the CBI gives the green light to the banks to start paying those foreign bills (foreign remittances) in IQD.
5-29-2016   Intel/Newshound Guru Poppy3    ABADI ANNOUNCED OVER A YEAR AGO SEVERAL TIMES SECURITY WOULD NOT INTERFERE WITH THE FINANCIAL REFORM AND HE HAS HONORED THOSE WORDS AS REFORM HAS CONTINUED IN SPITE OF SECURITY, POLITICS ETC ETC.

5-29-2016  Newshound Guru rcookie
   Article:  "The central bank stopped 300 companies transform financial and banking deal"   US COMMISSION & PANEL OF FINANCIAL INTELLIGENCE ARRIVE IN BAGHDAD AND SET UP SHOP IN US EMBASSY FOR PURPOSE OF COORDINATION WITH CBI...HAVE STOPPED 3

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