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Friday, May 4, 2018

DINAR GURUS UPDATE, 4 MAY

5-4-2018   Newshound Guru Kaperoni   ...I didn't say years in the sense that it won't happen for years. I said it could take years to increase but I fully believe it'll start this year. [reference Guru Kaperoni post 5-4-2018]  I must have said this at least a thousand times there is no overnight RV or are RI.When the Central Bank of Iraq moves to Article VIII to make the dinar internationally convertible and exchangeable and tradable worldwide they will have to leave the Peg and move to a float.  How fast the dinar rises is directly related to the investment that comes into Iraq and its capital account. There is no way to know how fast it will rise until it actually happens and we see what investors do. So first we're looking for 41 more days for compliance, then we're looking for the CBI to make a decision to move to Article VIII and write the letter to the IMF requesting acceptance, then it's the CBI exiting the peg moving to a float. How fast it rises once it begins to float is directly proportional to investment which could be fast or could be months or even longer. This is not an overnight event.

5-4-2018   Intel Guru Bruce
   Iraq did make a rate change that was for the Platform purposes...a Platform rate for the dinar so it could be initiated.  However, that rate has not fully been put out for people to know about it yet.    ...We also know the troops were pulled out...Iraq is basically in charge of their country and they have their sovereignty...and we don’t have to be there to protect anymore.  ​That is a good sign for us. ...I have been told from two sources this could happen anytime meaning any moment now... we are looking very good regardless if we get started right away or we have to wait a few days.  We will see what will happen the next few days.   [post 2 of 2]

5-4-2018   Intel Guru Bruce   ...what I heard since Tuesday...the intention was for us to go Tuesday night overnight to Wednesday morning. That was the intention. What happened was President Trump wanted it to take place, but he wanted it to be obviously safe for us to go and speaking with Pentagon he found he was asked to give it a few more days...we need a little bit more time for security purposes...  ...I have better information than you realize and a lot of the stuff I can’t bring...  So what I am going to tell you is I believe those concerns are being taken care of and I believe we are in a very slight waiting period, but it shouldn’t be too much from what I am hearing...  [post 1 of 2....stay tuned]

5-4-2018   Newshound Guru Kaperoni   Based on our calculations there are still 42 days that Iraq needs to meet the 2% compliance under the IMF guidelines before they can even consider moving to Article VIII.  ...the CBI may be waiting for many things including not only the 2% compliance, the elections to conclude and a government formed, laws to be passed through Parliament and any other number of contracts for investment.   In other words, this could still be months away before we see the CBI write the letter to the IMF.  And what I am describing is only the transition to IMF Article VIII, Iraq still needs to choose a new exchange rate regime which is a float and it could take months or even years before the dinar appreciates to a value that we all wish for.

5-4-2018   Newshound/Intel Guru Mnt Goat   Article:  "IRAQI SUPREME COURT: ARTICLE 140 IS IN FORCE AND MUST BE IMPLEMENTED"   It is NOT yet all a resolved issue.  ...It was predicted, Article 140 was one of the 3 main issues needing solved before any major market shift could happen.Now we see that the Supreme Court of Iraq has finally made their decision and announced it this again this week. But this is not anything new. This is an old article. The important part is now they recognize the fact that just because the period specified in the constitution has passed it did not expire and the Article must be implemented. ...The constitution...also says that to implement it they need a “referendum” which is a law passed in parliament to support the implementation...this is how they implement something legal – THROUGH A LAW.  ...By the way the other 2 issues were the Banking Reforms and HCL {oil and gas law}. Both of these are completed, as we have read many times already.

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