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Sunday, July 17, 2016

DINAR GURUS UPDATE, 17 JULY

7-17-2016   Intel/Newshound Guru Backdoc   ...CURRENTLY THE IEX WHICH IS WHERE ALL ASSET BACKED DIGITAL CURRENCIES WILL BE TRADED DOES NOT FORMALLY EXIST TO THE PUBLIC UNTIL SEPTEMBER 2ND!  IF IRAQ WERE TO LAUNCH A RATE AT THIS TIME, THE ONLY PLACE IT COULD SHOW IS ON THE CBI WEBSITE, NOT ON THE FOREX, BECAUSE IRAQ IS ASSET BACKED AND THE FOREX ISN’T!  HOW WOULD THE PUBLIC TRADE ITS CURRENCY GLOBALLY WHEN THE SYSTEM TO TRADE IT DOESN’T FORMALLY EVEN EXIST UNTIL SEPTEMBER 2ND?  REALIZE THAT THE IMF TOLD US THAT ALL WOULD BE DONE BY MID YEAR, RIGHT?  RIGHT!  IN MY OPINION, IRAQ DID GET THINGS DONE, OTHERWISE THE IMF WOULD NOT HAVE GIVEN THEM THE LOAN.  [post 1 of 2....stay tuned]

7-17-2016   Newshound Guru Millionday
   Article quote:  "The Iraq Mission Chief for the International Monetary Fund (IMF) has said that he sees no reason to devalue the Iraqi dinar “under current circumstances“, and says the authorities are “committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar“.   DEVALUING OBVIOUSLY WOULD NOT HELP IRAQ AT ALL WHILE THEY ENTER THE MARKET.  SO AS WE SEE AS WE KNEW -- THE DINAR WILL BE ACCORDING TO THIS REPORT PEGGED TO THE USD.

7-17-2016   Newshound Guru Islandg1211
   So, according to the LOI, the RV should be after the Investment Law is passed and before the end of the year.  I think it's important that everyone understand that we should watch for the Investment Law, not worry about the GOI delaying this too much longer, and that YES, this RV is still being planned for before the end of the year.  Mosul as well is a go now that the agreement is made with Barzani. Abadi now is talking about Political reform being put off for now until after Mosul and after the RV.   [post 3 of 3]

7-17-2016   Newshound Guru Islandg1211   The LOI states that's there's a loophole clause within Iraq that if the oil price is different from the budgeted price, then the Budget can be cut without another vote. So, the IMF settled that one too. The Budget was cut...to 85%.  I just gave two examples of the IMF using this LOI to get around the GOI. Well done IMF. What a difference this year is to previous years. The IMF has a plan.  So the RV will come AFTER the Investment Law but BEFORE the crackdown on proving why you need USDs. The LOI states that the CBI will only have weekly auctions and will require proof of why USD is needed "by the end of the year."  [post 2 of 3....stay tuned]

7-17-2016   Newshound Guru Islandg1211   The June 2016 LOI with the IMF states that the CBI should stop the MCP and work towards Article VIII compliance and that they should first pass the Investment Law.  So, when will we see the RV (IMO) WE WILL NOT SEE THE RV BEFORE THE INVESTMENT LAW.  It's plain as day in Article A 14 of the June IMF LOI.  Like me, you, and everybody, the IMF was concerned that the Monetary Reforms could get bottle necked in the GOI should politics decide to either hold it hostage or simple just stall. So, the IMF stated in the LOI that the COM could introduce the Investment Law OR the CBI could make new regulations that cover the same points. Don't you love that word "OR"!!! Clever of the IMF. This will probably lead to the actual passing of the Investment within the GOI since they know they can't delay or stop it.   [post 1 of 3....stay tuned]

7-17-2016   Newshound Guru rcookie   [...does anyone know what we would like to see happen with Turkey... to help with our investment...Who do we want in control of Turkey?]  Personally - one way or the other, I don't think it matters that much...  [you do not think what happen over turkey will cause a problem with our investment...?]   I do not.

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