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Friday, January 27, 2017

DINAR GURUS UPDATE, 27 JAN

-27-2017   Newshound Guru mike   Article:  "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)"  I like the tone of this article, but when I look at where Iraq is holistically, it's just more of the same rhetoric we've heard before. The first sentence says it all:  "the initiative to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs."  Iraq is borrowing money, in order for lenders to feel confident, they have to know, or at least believe, that Iraq has a plan to enable their ability to repay it.  They're hoping the chatter will remove doubts and fears about repayment.  It's not enough, they need to actually pass the laws and implement the changes that they "talk" about in committee.  My sincerest hopes are that this isn't like the hundreds of other articles that the GOI put out that talk about change and progress, the time for actual implementation has been passed a long time ago.  Your move Abadi...   

1-27-2017   Intel Guru RayRen98
  37 banking institutions have now been reported to us from the field that are now actively buying and selling Iraqi dinar.  I think that number will change dramatically in the coming days – plus three credit unions and 5-6 exchange companies.  We had a member who shared that $100 was wired to a person in Iraq a few days ago...that person received 129 IQD...it was to Rafi Bank in Baghdad.  I know some things that I am hearing...I do believe them because of the sources I hear them from...they have been pretty much on the money. Dates may be off because they don’t control it, they just report...I can tell you that if everything stays on track, this is my last Friday – if everything goes according to design.  I feel like this is upon us.  The rate is going to be very decent/attractive... 

1-27-2017  Newshound Guru Kaperoni   Article:  "Secretary General of the Council of Ministers attending the first meeting of the initiative (Take a Baghdad)"    This looks like a pretty big deal...The CBI is meeting..."to discuss the projects and the stages of work, and move on to the preparation of drawings and bills of quantities and implementation programs."

1-27-2017   Intel/Newshound Guru BGG    CBI still hasn't updated the indicative rates (since 1/4/17) on the CBI - something is going on. What that change means?  Hard to say...but the flip side is - to say it means nothing is a little arrogant.  [its never been this long before...]  Shoot - never been more than several days.

1-27-2017   Intel/Newshound Guru Mnt Goa
t   Article:  "Rafidain Bank opens new branch in southern Iraq"   Why is this article so important?  It shows us the banks are expanding and not contracting. As money is beginning to flow this is exactly what we would expect. This is a good sign the Iraqi economy is beginning to move in the right direction.

1-27-2017   Intel Guru Bruce
   I really don’t know anything specifically different about rates. I just know the rates are all great. We know...about the Qi cards being international with a rate of $4.84 spendable on those cards all over the world.   I am looking for Abadi talking about the take back of Mosul and talk about the Sovereignty of Iraq in the fact they have a tradable currency with world markets and ready for business. He may not talk about the currency per say.  I am excited where we are. We are getting very close the end of the ride.   I am hearing by way of text very positive things that are pointing to tomorrow [Friday] and into the weekend. 

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