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Monday, September 12, 2016

DINAR GURUS UPDATE, 12 SEPT

9-12-2016   Newshound Guru Shredd   Article:  "Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations"   Look at the big picture folks....this would not be the case for a country with a failed or failing economy, heading to a lop (redenomination).  Reserves have been growing for almost the entire time I've been following Iraq which is one of the pillars of why I've stayed! It's just a matter of time until the CBI moves to a market-driven floating rate for their dinar which will be a true representation of their economic landscape.  Not an IF...a WHEN.

9-12-2016   Newshound/Intel Guru BGG
   these flashbacks (HARD NEWS) give some important context as to what we are involved in...WIth these previous statements, articles and comments giving historical context - and the current push by the IMF, WB and UN to integrate Iraq back into the international community - things are VERY exciting (to say the least).  I'm not predicting anything, nor am I commenting on "rate" - per se...I'm just telling you what they (IRAQ) have been saying all along...  [post 3 of 3]

9-12-2016  Newshound Guru Breitling  Article came out about mobile apps being developed in Iraq for processing payments…here’s what I want to throw out there…it [the dinar value increase] IS around the corner, I don’t want to put any date on it BUT to give you an example it’s at a 10th of a penny…these guys wouldn’t be developing apps if they weren’t going to add value to it…third world countries don’t have apps that are being developed when their currency is so low…so it is being developed for that process cause it’s coming down the road.   Is it one month?  two months?  three months down the road indicator? [Post 1 of 2 Stay tuned for the rest of the story]

9-12-2016   Newshound/Intel Guru BGG   "The Exchange Rate of Foreign Currency in Economic Feasibility Studies"    "3.  Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinarThis price should be approved for 3 years until re-appreciation by the competent authorities."   Ministry OF PLANNING...Iraq G-O-I !!!  ...REPORT WAS SENT TO CONGRESS...IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.  these final thoughts from them (the final report sent to our U.S. Congress) if nothing else, adds considerable weight to our thoughts about this investment...in fact, those saying this is a "scam" - look foolish - taking these reports in context.  [post 2 of 3....stay tuned]

9-12-2016   Newshound/Intel Guru BGG   Flashback Article:  "Minister of Finance: raise zeros from the Iraqi currency against the dollar will be supported"  Quote:  "...The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey..."    This article was from Feb. 2nd 2010.  They've been telling us all along...NOT A FLOAT...    Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. = about a dollar (USD) or slightly higher...THIS IS WHAT THEIR MoF said at the time. Not me...they have had some idea as to what this was going to be all along.  [post 1 of 3....stay tuned]

9-12-2016   Newshound Guru rcookie  Article:  "The government sent a draft law of retirement and social security to the parliament for approval after Eid"  THIS IS WHY YOU ARE SEEING GHE PENSION LAW UP FOR READING & VOTE IN PARLIAMENT RIGHT NOW...   TO A COUNTRY LOOKING TO SQUEEZE EVERY DINAR OUT OF ITS ECONOMY GOING THROUGH TOTAL METAMORPHISIS...THIS IS WHY IT IS SO IMPORTANT...31 TRILLION ADDED TO THEIR GDP THROUGH 2028...BY MAKING SIMPLE AMENDMENT TO A LAW WITH THE STROKE OF A PEN..

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