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Tuesday, July 26, 2016

DINAR GURUS UPDATE, 26 JULY

7-26-2016   Newshound Guru wmawhite  [Speaking of supply and demand what is happening to the dinar notes once exchanged for $ ?]   first...remember, are you planning on exchanging in Iraq?  Of course not...because you will not get the USD...so you will exchange outside of Iraq?  Correct?  so those IQD notes will be outside of Iraq the CBI will not see them...  They become assets of...the US...Canada...UK...France, etc.  Remember... banks... central banks...hold foreign currency reserves...they are assets.

7-26-2016   Newshound Guru rcookie
   "Iraqi parliament session:  Parliament will vote on three bills discusses another six today"   ...BUSY...BUSY DAY!!

7-26-2016   Newshound Guru Enorrste   Article:  "What does it mean to float the currency?"  Quote:  "Floating exchange rates fluctuate constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day."   Although Al Jazeera is not an official government source one must ask what would lead them to publish this on their own.  They have no motive on their own.  Therefore I would conclude that they were asked to do so.  The only people I can imagine that would ask Al Jazeera to do this would be either the CBI or the GOI (most likely the former).  That being said...this appears very positive.

7-26-2016  Newshound Guru Breitling  ...First…There is no reason at all to reduce the note count at all if they are going to pretend they are taking the 3 zeros off any of the notes. Second…There is no such thing as an “in country” revaluation.  It’s never happened in the history of all man kind.  I haven’t found one example.  I can go back 100 years and give you a history of currency competition…and there’s no such thing…it simply doesn’t exist.  It’s the most ridiculous thing.  A lot of articles are coming out about the polymer currency that they want to do.  and this also eliminates the idea that they are going to LOP the currency.  There is no reason to come out with a new currency if they are not going to add value to it and if they are going to lop the currency there’s no reason to have a new currency is there?  It’s doesn’t make sense.  The articles coming out about a new currency are very very good… [Post 1 of 3]

7-26-2016   Newshound Guru wmawhite  Article:  "Reform plans awaiting allocations and mechanisms of action " Article quotes: "...said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq..."   "He added that the provision of the central bank's six trillion five hundred billion dinars amount of investment is designed to achieve the government's plan to restructure Iraq's economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this."  this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.

7-26-2016   Intel Guru ADMINBILL
   LOOKS GOOD FOR THE NEXT 12 TO 24 HOURS ACCORDING TO LATEST INFO. RUMOR OF ABADI APPOINTING SHABIBI AS HEAD IF CBI TOMORROW.  RUMOR ONLY.  LET'S SEE WHAT THE DAY BRINGS.

7-26-2016   Newshound Guru wmawhite   [With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float?]  IMO...Iraq/CBI will not float/free float the IQD.  The CBI could/can depegged if they want to in the next minute, if that is what is best.

7-26-2016   Newshound Guru tlm724
   Article quote:  "...the lack of accountability of the misuse of public money, that will sound when the Council is asked to put his bill by the presidency of the Republic, which is empowered to rigging the Constitution was the text of the Constitution... yep...the Constitution needs some tweaking, it allows them to run roughshod and manipulate the system to their advantage ie: stealing money. Right now their Constitution reads like a third world comic book...It should have been amended years ago!

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