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Monday, January 30, 2017

DINAR GURUS UPDATE, 30 JAN

1-30-2017   Newshound Guru wmawhite  Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh."   It is coming from the CBI.   You have heard before about Iraq saying that their currency would be great and powerful.  ...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days.  The CBI owns the IQD...it determines its value.

1-30-2017   Intel/Newshound Guru tman23
   [Is Basnews a credible and reliable site?]  Basnews has been around for YEARS...It is one of the most reliable reporting in Iraq...The server is located in San Francisco...The news editing had been done over the past 2 months out of England...There had been strange events to this during that time... The new website format came up in the middle of the day...Saturday...an observer of the rate would deem it a mistake...BUT...I will say this...That part of the site is not manually entered, it is a direct link to another site that does currency rates...just like the weather on the site, nobody manually enters 9 celcius today and cloudy...

1-30-2017   Newshound Guru Kaperoni   Article:  "Fatlawi directed questions verbally to the Governor of the Central Bank"   Quote:  "He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar."  Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions...which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.

1-30-2017   Newshound Guru wmawhite   [What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?]  When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing.  Iraq will make the necessary changes when they are ready.   My point is this...all of these concerns have zero effect upon this investment...and why?  Because this investment is not about a country's immigration policy. Instead, it is about the value of a country's currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.

1-30-2017   Intel Guru Delta   BasNews is an independent and multilingual news agency based in Erbil, the capital of the Kurdistan Region of Iraq.  [...do you think this is for real or a misprint...?]   I HAVE A Q FOR YOU:  WHY news agency based in Erbil, the capital of the Kurdistan Region of Iraq  show another currency?

1-30-2017  Newshound Guru Breitling  ...they don’t need to be in the beginning of the year to change the value of their currency.  It would probably be the most efficient if they did something at the beginning of the year but that’s never been an issue.  They can just move the decimal over anytime they want.  They can move the decimal over on their currency or they can move the decimal over on the books.  They are reducing the note count in order to do that. 

1-30-2017   Intel/Newshound Guru tman23
  Lets just say this...WE the USA just put a ban on ME travel Visa's... The POTUS just spoke with 5 world leaders today...AND he had the PM from England Friday... AND WE ARE AT THE END OF JANUARY... SO THINGS ARE MOVING FAST...AND THE GOP NEEDS BIG MONEY TO EXECUTE SOME MAJOR PLANS...SO I WOULD REMAIN GROUNDED BUT A VERY POSITIVE OUTLOOK HEADING OUT OF THIS WEEKEND.

1-30-2017   Intel Guru ADMINBILL   [...are we going to the bank today?]   NOT TODAY...I AM THINKING TOMORROW IT WILL START...AND MOVE THROUGH THE WEEK. [Are your sources credible?]  I BELIEVE THEY ARE. I CERTAINLY HOPE SO.

1-30-2017   Newshound/Intel Guru BGG  [Any idea on Basnews this morning?]  They've (BASNews) already said - it's a mistake... [reference Guru tman23 post 1-29-2017  Did you know Basnews (Kurdistan) updated their website today...]

1-30-22017   Newshound Guru wmawhite    [Letter from BasNews Agency:]  Dear White, I would like to firstly thank you for following BasNews.  As you may have notices, Our new Website was launched on 27th January and the section showing currency exchange rates into IQD may sometimes fail to function accurately. We are working and will fix it very soon. Here I send you the exchange rate in Erbil according to the local stock markets this evening: $1 = 1284 Iraqi Dinar  €1 = 1360 Iraqi Dinar...  Regards, Sardar Sattar...BasNews Agency.   [reference Guru tman23 post 1-29-2017  Did you know Basnews (Kurdistan) updated their website today...]

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