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Wednesday, February 22, 2017

DINAR GURUS UPDATE, 22 FEB

2-22-2017   Newshound Guru Aggiedad77   Article:  "German loan gate to move the labor market"   Quote:  "...approaching global economic blocs in Iraq stems from its importance on the world stage and this important global effort perceived by the evolving under international indicators that put Iraq in the lead among the ten richest countries in the world."   ...how can Iraq be placed center stage...on TOP of the world as the richest of the richest 10 countries in the world...how would that be possible...not just in the TOP 10...but at the top of the heap...you know what they have to do...Abadi has been told what he has to do...make it happen #1...the BEST is coming...big time BEST...can 3.22 make that happen?

2-22-2017   Newshound Guru Kaperoni   Article:  "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives"  Quote:  "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus."   Very good article.  It appears the UN is helping Iraq push these needed reforms forward.

2-22-2017  Intel Guru Bruce   I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. 
  ...we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards.  Their cards have been charged with their new rates.   ...we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open...even in Mosul the banks are open since 10am yesterday Iraqi time.   The timing of this is very close in terms of what I am hearing.  What we need is some good news come out of Iraq.

2-22-2017   Intel/Newshound Guru Backdoc   Article:  "... Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde"  Quote: "Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries."   I THINK IT'S VERY INTERESTING TO SEE "MUNCHKIN MAN" (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF.  THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. "ACTIONS MEAN THINGS."

2-22-2017   Newshound Guru Enorrste   Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world.  But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable.  Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years!  In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work.  Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation.  It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient.  Only time will tell.   [post 2 of 2]

2-22-2017   Newshound Guru Enorrste   Article:  "Raise the price of the Iraqi dinar to the fore again"   Quotes:  "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..."   "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..."  "The government is expected to return to the project itself after the end of military operations."    This is one of the most positive articles I have read in a long time.  The author clearly states that it is not possible to "RV" in the traditional sense and explains why. [post 1 of 2....stay tuned]

2-22-2017   Newshound Guru firefly   Article:  "Include the introduction of modern irrigation systems"  Quote:  "The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized. Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil.  Agriculture is as great an ASSET as is oil and gold.  Iraq is following the IMF requirements to the TEE.

2-22-2017   Newshound Guru Kaperoni    ...measures need to be in place for the success of the transition from a fixed rate to a float.  Just exactly to what extent is yet to be seen.  That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar Just the exposure alone to the world financial system should be enough to create some upward movement in the value. 

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