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Thursday, December 15, 2016

DINAR GURUS UPDATE, 14 DEC

12-15-2016   Newshound Guru wmawhite   ...this is the ever evolving discussion about how best to control the value of the IQD "on the street".  Currently, the auctions are used for that purpose. it has been a failure. Now, everybody has an opinion about how best to do it.  However, the Governor of the CBI just last week told the world how it will be accomplished; "He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar."   Reducing the demand is giving value to the IQD so that all of those goods being bought with the USD is now bought with the IQD. Giving value comes from the CBI in advance, prior, before, all of these foreign investors. Not after!  [post 1 of 2....stay tuned]

12-15-2016   Newshound Guru Kaperoni
  ...there is an article ...that does not sit well. CBI News. The article to me seems to be implying the CBI should just introduce a whole new currency at a 1 to $1 exchange rate.  Which would not benefit current dinar holders. Not what the IMF nor the CBI have stated was in the plan.  Not to mention a new currency with a random exchange rate would fail.  I see this article as just another attempt to avoid what they should be doing. Like so often, Iraq tries shortcuts. There are no shortcuts.  The IMF has clearly stated the plan for the dinar, it does not include a new currency.  New lower denominations yes, but not a new currency.  The issuance of a new currency would be counter productive for Iraq, especially with a few trillion dinar already circulated around world. 

12-15-2016   Intel Guru Frank26   IMO...The Potential for them to complete the MR in 2016 is Conceivable to ...Plausible.   [...if I hold the 500 note...no Kurdish language on them...will they still be good? I know [Guru] Delta said the 500 note would be the largest note after the three zeros are gone.]   Yes ...They said co-exist up to 10 years.

12-15-2016   Intel Guru ADMINBILL  TODAY STARTS THE WINDOW OF "NECESSITY" THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS.

LET'S SEE IF IT IS FACTUAL OR ANOTHER "LINE IN THE SAND" THAT IS ONCE AGAIN IGNORED OR IS MORE NONSENSE.  I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END.  Based upon the information and activities that has been coming in the past few weeks, that have elevated in recent days, I think that we may actually see action sooner rather than later.

12-15-2016   Newshound Guru firefly
   Quote:   "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains two exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3..."   Straight from the IMF.  ...talking past tense!  no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2...   Wow, wow, wow!!!  [awesome news.]  Yes it is. I see no hold ups whatsoever to date.

12-15-2016   Newshound Guru firefly
   [...i still do see how we all think that jan 2017 may be a change in the value...]   If the project to remove the zeros begins as planned in early January 2017 wouldn't it logically need a change in rate 1st?

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