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Monday, January 16, 2017

DINAR GURUS UPDATE, 16 JAN

1-16-2017   Newshound Guru Islandg1211  The good news is that the CBI continues to move forward. Last week, Iraq's banks got their IBAN international bank transfer number codes. That's great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate.  Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable.  Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV.   [post 2 of 2]

1-16-2017   Newshound Guru Islandg1211
  East Mosul is about 80% liberated. The rest of East Mosul shouldn't be a problem. At that point, Mosul would only be 50% liberated, while the other half would not even be staged.  DONT BE CONFUSED BY ARTICLES STATING THAT THE "center of Mosul is secure," because it's only half of circle with the river cutting through it... WEST MOSUL IS A SEPARATE BATTLE.  But, up to now, the Pentagon and the CBI have told us everything that they are doing, and right now they are looking at needing a few more months to get both Mosul and the RV done.  I've always been of the opinion that the RV would happen in the month of April, so hopefully enough progress will be made by then. In any case, both ISIS and the sanctioned Dinar rate will be gone in 2017.  [post 1 of 2....stay tuned]

1-16-2017   Newshound Guru My Ladies   ...WHAT IS IBAN?  IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE.  FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER.  NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY...MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”...

1-16-2017   Newshound Guru Islandg1211
   Article:  "CBI News Press: DELAY OF PROJECT TO DELETE THE THREE ZEROES"   The acting Gov of the CBI announced today that he has to again delay the RV.  Abadi had hoped to liberate Mosul in three months time, from October to Dec 31. Allak had also hoped to RV in the beginning of this year, after delaying it three times in previous years. Allak doesn't specifically state that he is waiting for ISIS to be gone, for he also has to get everything done for the monetary reform.  So, it isn't clear what is delaying the RV. He states today that he isn't even projecting a date. (Also, he can't say.)

1-16-2017   Newshound Guru Kaperoni  That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA.  So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us.  It will happen..because there can be no market economy without it.   [post 2 of 2]

1-16-2017   Newshound Guru Kaperoni    Article:  "Iraqi dinar is not in danger and delete the zeros Postponed"  Quote:  "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He stressed the central bank governor and the agency, the need to "ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion."  I don't see anything bad in this at all.  ...the CBI must create the conditions for the project to succeed. Time is not unlimited here...they need to get started before the market economy can launch.  [post 1 of 2....stay tuned]

1-16-2017   Intel/Newshound Guru Mnt Goat   Article:  "The fight against terrorism: the coming hours we will liberate the financial district in Mosul"  Quote:  "Revealed the commander of the Second Special Operations in the counter - terrorism apparatus Maj . Gen. al - Saadi Maan that the next few hours will see the Emancipation Proclamation financial district..."  What does “Emancipation Proclamation” mean?   It means in ISIS/Daesh context - proclaimed the freedom of Iraqi people enslaved by ISIS and Daesh forces throughout Iraq.  It says in the next few hours, not days or months.  It will be formally announced by the prime minister and broadcast throughout Iraq.  It will be the key announcement we have been waiting for. They have been telling us to look for this now since mid December and now it is coming very soon.

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