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Monday, May 21, 2018

DINAR GURUS UPDATE, 21 MAY

5-21-2018   Newshound/Intel Guru Mnt Goat   The Independent High Electoral Commission announced Saturday the results of the final elections of parliament. We know that Nori al-Malaki is contesting the voting process and demands a recount. The electoral commission has said there is no reason for it and the judiciary has ruled also in favor of the same. So, I do not believe there will be a recount.  Remember:  1.  the judiciary still has to ratify these results from the electoral commission and so this is part of the 90 day timeline too.  2.  The new Parliament members must also be sworn in on the first session of the new Parliament expected to take place on June 1st. So the Sadr Movement had to submit its candidate to lead the country as prime minister shortly afterwards.  3. Parliament must ratify this candidate (give its approval) then the prime minister will have 30 days to put the new government together once this clock starts to tick. Got a total of 90 days to complete this entire process.   [post 1 of 2....stay tuned]

5-21-2018   Newshound Guru Kaperoni   The truth is MCP has nothing to do with dual currencies, or using one currency over another, it has to do with a spread that exists of more than 2% between the Official Rate and Market Rate.  In the case of Iraq, they are currently meeting that requirement hoping to fulfill the 3 month condition.  About 28 days to go. The fact is, Iraq will always have more than one currency in the country.  They will have dinar as the official currency of Iraq and dollars as a currency that comes in from oil sales.

5-21-2018   Newshound Guru MilitiaMan   ...we had articles out on 05/09/2018 saying they were having to put off travelers for the Hajj, as the banks in the Iranian region had no currency infrastructure to accommodate the people, yet, today we learn they will be using IQD by this coming Tuesday in that region...Now, if one thinks about it there has been ample time to gear for this to be initiated. The very last of the process may take hours to a few days, but, it is now presently after elections, thus, the process is said to be un-abating, therefore logic suggests the timing is very powerful going forward now.. imo.   [post 2 of 2]

5-21-2018   Newshound Guru MilitiaMan   Article:  "IRANIAN CONSULATES IN IRAQ REPLACE THE DOLLAR WITH DINAR IN ITS DEALING"  There is effectively one thing we wait for and that is the RI to complete the process that is underway, imoThat process as of today is proceeding just fineas we see the very recent call for ceasing of the Multi Currency Practices (MCPs) which is an IMF mandate, whereby now, Iran has given the order to her embassies to cease using the Dollar and use Dinar only.  It apparently stems from the USA sanctions imposed on 05/08/2018 in this instance anyway. imo  [post 1 of 2....stay tuned]

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