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Sunday, March 19, 2017

DINAR GURUS UPDATE, 19 MARCH

3-19-2017   Newshound Guru mike  Iraq's not getting a pass on any of the IMF Article VIII requirements, why would they? Jumping off the peg doesn't serve the people of Iraq, it serves the GOI by lowering internal, dinar associated expenses. All we have to do now is hope that Parliament rolls up its sleeves and creates the environment necessary for an open market economy to thrive.

3-19-2017   Newshound Guru revbo
   Well, it's Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI's spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.

3-19-2017   Intel/Newshound Guru tman23  ...ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS... OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED...TICK-TOCK...TICK TOCK.

3-19-2017   Newshound Guru mike   [what value does the dinar have to get to to be in the 2% range?]  anything 1205 and under is compliant with the IMF's 2% MCP requirement.   [reference Kaperoni post below, 3-19-2017]

3-19-2017   Newshound Guru Kaperoni    The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements...  That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII.  I don't see anyway around that.  That being said, they could get off the peg without approval from the IMF.

3-19-2017   Newshound Guru firefly
   Anybody that's been in this investment for any period of time should know that a lot of negative news will pop it's ugly head at the end.  Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment.  After thinking about the question for a bit of time he stated "AFTER MUCH MEDIA PROPAGANDA"    This is not about us. Just be thankful we were given the opportunity to be a part of this investment.  Timing is everything right now. One mistake in their calculations would be catastrophic. ...the true rate will show on the CBI 1st. [You can see the official CBI rate and CBI reported market rate on the left side of this page]

3-19-2017   Intel Guru Frank26   Article: "Iraq begins new consultations with the IMF and the World Bank late next April"   ...even AFTER the RV the CBI will continue to meet with the IMF every three months...  IMO...Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy... 

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