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Thursday, June 21, 2018

DINAR GURUS UPDATE, 21 JUNE

6-21-2018  ***  Dinar Guru UPDATE ***  The CBI FINALLY UPDATED the market rate today!.  It appears they have successfully maintained compliance with the IMF 2% for 90 days!  This is a huge accomplishment.  Guru Kaperoni and the other gurus who feel this is important for the dinar believe the CBI must maintain the 2% rule and send a letter to the IMF requesting/accepting Article VIII if they want to take the next step with the dinar.   You can see the CBI official rates in the left column of this page.  Stay tuned as the gurus chime in on this very important subject.  The latest guru posts will continue below... 
6-21-2018   Newshound/Intel Guru Mnt Goat   When will they get this election drama over?   ...Going past July 1st will be very dangerous for Iraq especially if the have to go to a “provisional” govt. In the midst of trying to get investors to buy into their 5 year re-development plan, I would place my money on July 1st.It will not look very good if they can’t even get their government formed in a timely manner. Remember they are NOT yet late. They still have until July 1st  when the current govt expires.  ...I would not count on anything substantial to come out of the CBI until at least after July 1st sometime.  If Abadi gets back in for a second term we may see the project to delete the zeros started up again to the final stages sooner than later. If someone else is selected, we just might have to wait it out the full 90 days and it might be later rather than sooner.
6-21-2018   Newshound Guru Kaperoni  There can never be an RV or an RI or any other singular event because there's just too much currency in circulation. That is a fact.  I'm not saying that dinar will never go up, in fact I believe it will, but it's never going to go up overnight it's going to go up over time and it'll be directly related to the investors and investment in the country.

6-21-2018  Newshound Guru Breitling  One of the main things out there is the misconception is that the Iraqi Dinar is not internationally recognized.  That’s absolute garbage.  Of course it is.  I bought my dinar from Chase bank…A lot of us got into the Iraqi Dinar.  And then some of them got out of it…so what did they do?  They took their currency to Chase Bank and got their money back, minus the 2% or whatever it was that the bank charged.  There is no law given by the United States government or the Treasury department or anybody like that that you can’t buy and sell Iraqi dinar.  There is no law against it.  To sell it you just go get a license to sell it.  Well banks were doing that all day long back in the those days.  The only reason they stopped was because it was disrupting business.  You had little old ladies calling the banks every single day, “Hey, didn’t the Iraqi Dinar revalue?” based on the hype…They simply stopped.  Aggressively. That’s how bad it disrupted business.

6-21-2018   Intel Guru Frank26   [via sunny]  The POS with MasterCard and Visa’s is HUGE!  This POS [Point of sale]  is crucial to the bankers and investors.  Because of the POS the banking system of Iraq has changed dramatically.  Their business and personal accounts are open to the world.  ...The door for...contracts is open to the world.  ...The POS is talking clearly about a price change in Iraq...The cost of goods in Iraq is about to change because of the POS...Their purchasing power has increased due to the POS...this is not a revalue.  This is a reinstatement, a roll out within the country of Iraq...It’s reinstatement material.  THIS POS IS TALKING ABOUT A RATE CHANGE IN IRAQ!!!  ...The CBI and her BB’s are now set up for the reinstatement.  (BB’s – Mom and Pop stores, ATM’s are baby banks.) This action ends the auctions, the corruption.  This puts the reinstatement on a real fast track. 

6-21-2018   Newshound Guru Kaperoni   [well the bandwagon came and went. 90 days over. No Article 8?...]  ...I never said they would move. I said it was a requirement TO move to Article VIII. Compliance is important to the IMF. That being said, i do expect the CBI to write the letter accepting Art VIII as soon as possible.  I stated in March that not only would Iraq have to meet IMF compliance but they probably would wait for the formation of the new GOI before accepting Article VIII.  That being said, waiting is risky for the CBI.  Iraq needs to end the auctions to stop the risk of depleting reserves, they need investment, and they need to put people back to work.  If they fall out of compliance they will be required to go another 3 months maintaining the spread at 2% or less.  Risky...  These requirements are not flexible.  The CBI has to prove they can do this in order to move to Article VIII.  These are the big boys, bankers who know what they are doing.
 
6-21-2018   Newshound Guru Adam Montana   [...aside from the HCL happening, what else do you think has to happen for the RV to become a reality?]  The immediate need is the election results... Iraq needs a captain for their ship. This should be done in short order, and then we're back on the hunt for HCL.  

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