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Monday, May 22, 2017

DINAR GURUS UPDATE, 22 MAY

5-22-2017   Newshound/Intel Guru Mnt Goat   So when will all this occur?  Of course this is the million dollar question...and no one  is supposed to know or will know. This is due to wave off any potential speculators. But I will tell you this much. In the last two attempts (2013 and again in 2015) the CBI both times was given the “green light” by the GOI and this news was publicized in Iraqi news channels, thus we heard about it. This was done months prior to the intended action timeframe.  So then when is this publicized news coming? We have not yet gotten this news. We have not yet gotten this news since the GOI has not yet told the CBI to go ahead.    [post 3 of 3]

5-22-2017   Newshound/Intel Guru Mnt Goat
   So what happens next after Mosul liberation is announced?   I fully expect the GOI once again then to give the CBI the “green light” to go ahead to continue the “project to delete the zeros”. We all should know the process going forward once this occurs. The slow rolling out of the lower denominations as the initial rate change (or revaluation) occurs. I fully believe this initial rate will be just around 1:1 with the US dollar. This will then be lead to another more significant rate revaluation later. I do not believe it will take very long to get to this stage.  I...have heard the ATM machines are loaded now with the new lower denominations. We don’t know which denominations at this time. The machines are not active as of yet. So this is a very good sign.   [post 2 of 3....stay tuned]

5-22-2017   Newshound/Intel Guru Mnt Goat   ...I was told that the final stages of the liberation of Mosul was very close at hand...  So here is the “official” update on the liberation of Mosul effort:  Quotes:  "...The Iraqi president says he hopes the city of Mosul will be freed from control of the extremist group Islamic State "in the next few days."   "...we have one neighborhood left to announce the final victory in Mosul." WOW!  Just one more neighborhood!   ...the latest news is that as of today 5/22 they have surrounded the last 450+ ISIS members and are about to close in on them... This may very well be all over by the end of today   [post 1 of 3....stay tuned]  [See latest Mosul Map below]

5-22-2017   Newshound Guru Kaperoni  Artile:  "Experts: float the currency needs to be a productive economy and not Rieia (rentier)"   Quote:   "...to float the currency now in Iraq can not talk about that simple, as needed to advance measures...it could be done if the transformation of the Iraqi economy from a yield to productive..."  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar...and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

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