Monday, May 8, 2017


5-8-2017   Intel/Newshound Guru tman23   Quote:  "On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float, and the difference between the big"   INTERESTING STATEMENT!   Liberalization (defined): the removal or loosening of restrictions on something...  "AND NOT FLOAT...AND THE DIFFERENCE BETWEEN THE BIG!"  So what is the BIG? The 3 zero notes being the BIG?   I would not float the currency either IF the 3 zero notes were going to be of value that includes the "zeros"...A one cent increase if floated is 25,000 pennies or $250 on a 25k note...Now I read some say...I will hold onto the currency as it increases in value, yet the CBI governor is saying no float...so then how does it increase?

5-8-2017   Newshound/Intel Guru Mnt Goat
   Article:  "Iraqi troops declare full liberation of Mesherfa region, western Mosul."   That leaves only 2 regions left. Remember the article last week stating that three regions only remained to be liberated. Let’s see what the coming days will bring.  Just in as I write this...  "...joint operations officially announce that Counter-Terrorism units have stormed Wadi Akab industrial district in western Mosul."

5-8-2017   Newshound Guru Aggiedad77   Article:  "Achieving the objectives of monetary policy requirements until the year 2020"   Quote:  "...and install the Iraqi dinar exchange rate against the dollar are preparing to be necessary and appropriate, as the window of foreign currency held by the central positive role in maintaining an appropriate level of the exchange rate and install it..."    Keep this thought in mind...if this is in print...it's already done...already implemented... IMO.

5-8-2017   Newshound/Intel Guru BGG
    Second half of the answer...Who - in Iraq ever said anything DIRECTLY about $3?   ...all of the foundational documents we have uncovered and are using as our basis research seem to indicate something around $1...SIGR report...Iraq MOP studies...recent interviews with CBI Officials...I haven't verified $3 ONE TIME - NOT ONCE...in fact, it seems clear they intend to get to $1 - but how exactly they intend to do that - we are not sure of... NOR CAN WE BE.   Relax and enjoy the show - YOU'VE GOT A TICKET TO RIDE!  [post 3 of 3]

5-8-2017   Newshound/Intel Guru BGG   ...the only reason they have to worry about what is outside of Iraq is they might have to redeem it in some way. Both the CBI has been sensitive to this issue for some time... and the IMF - UN - WB has had an eye on it as well...the Dinar that is INSIDE Iraq is still going to be worth a Dinar. Nothing changes on that front - they just get more for it.  It's not costing the CBI a DIME!!   ...a Dinar is still worth a Dinar - post RV.  Iraqis are not going to be POURING INTO BANKS to exchange their Dinar for some other foreign currency... why would they?   [post 2 of 3....stay tuned]

5-8-2017   Newshound/Intel Guru BGG   ...a friend calls me this week...has a couple of questions for me to answer.  How can Iraq, if they have 25 Trillion Dinar outstanding - ever RV at a $3 dollar rate and pay for it?  Isn't that like 75 Trillion Dollars?  First, we have NO IDEA what the real outstanding number is - OUTSIDE OF IRAQ. That is the key number...there is NO RELIABLE INFO on this... even the CBI's internal people can only estimate... and they don't think it is that much. Could be as low as 3 Trillion - maybe less now...So - the real lesson is not to base complex analysis on wide gaps in actual information. The 25 Trillion number is likely a flawed assumption... AND if they get "international support and acceptance" - that 3-6 Trillion could even get held in various Treasuries as "Foreign currency reserves" - JUST LIKE IRAQ CURRENCY DOES FOR OTHERS. 

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