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Thursday, August 4, 2016

DINAR GURUS UPDATE, 4 AUGUST

8-4-2016   Intel Guru Hub  one of my old contacts was a currency broker from NYC, he always liked thursdays for currency value changes. 

8-4-2016   Newshound Guru Kaperoni
   [Does Parliament need/have to pass the much needed legislation prior to any move to e-dinar?]  Monetary policy is managed by the CBI.  They should not need parliament to pass any legislation.

8-4-2016   Newshound Guru firefly   Article quote:  "The Central Bank called for registration of the Iraqi dinar in the currency market..."  Like I said on Monday, I'm expecting some huge news mid-week! And...IMO...this is just the beginning.  The news will never put out a real timeframe BUT ...WATCH THE EVENTS UNFOLD!

8-4-2016   Newshound Guru Adam Montana    [...is there a  part of any  i.m.f. or world bank contract or translations, that  tells central bank of  Iraq, that when they go electronic banking there must be a value  to the dinar...?]  As much as I wish there were some kind of entity that could force the CBI to put a specific value on the dinar, I don't believe anyone can force the CBI to do anything. Yes, there are influences and they will play nice with what other financial entities want, because the end goal is to be an internationally traded currency with a respectable value!  But nobody can "force" the CBI to do anything. That's a good thing, though, because just like they can't be forced to raise the value... they can't be forced NOT to raise the value.

8-4-2016   Newshound Guru Kaperoni   [What, if any, laws are needed before Iraq can move to Article VIII?]  I am not aware of any laws persay that need to be passed, only restrictions that exist in monetary policy that conflict with the guidelines of Article VIII under the IMF Once they are in compliance, I would expect the CBI and IMF will be working to transition.  Under the IMF guidelines, central banks have to strive for Article VIII.  [To do this move, would the CBI have to remove all of the exchange restrictions?]  Yes.  Article VIII is the ideal situation for Iraq which benefits them when it comes to international acceptance and convertibility.  Keep in mind, Article VIII and currency reform are two separate issues.  I believe the CBI will begin to reform the dinar via float and delete the zeros before Article VIII.

8-4-2016   Newshound Guru Millionday   Article quote:  "Iraqi Central Bank revealed on Monday, all give him the government banks until next September, to adapt itself to electronic systems and transactions..."   CBI HAS GIVEN ALL BANKS UNTIL SEPT -- 4 WEEKS AWAY TO CHANGE TO ELECTRONIC BANKING...BANK WIRING ETC... WHOOOPOW.

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