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Sunday, July 1, 2018

DINAR GURUS UPDATE, 1 JULY

7-1-2018   Newshound Guru Kaperoni  [Who exactly is the FATF?]  Financial Action Task Force.  [Wikipedia:  "...an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries."   [reference Gurus Kaperoni & BGG posts below, 7-1-2018]

7-1-2018   Newshound/Intel Guru BGG
   Article:  "Iraq officially exits the FATF International Financial Control List"   ...ONE STEP CLOSER!!

7-1-2018   Newshound Guru Kaperoni   More great news today from the Iraqi banking sector. CBI News.  "Iraq is no longer subject to monitoring and follow-up by the FATF."  This is a great example of what the IMF said about Iraq sending a positive message to the global banking system. By meeting these requirements they are getting very close.  Got to love it when the CBI keeps fulfilling compliance requirements.  In my opinion the CBI is not only gathering significant confidence but they are gathering momentum signing agreements and meeting compliance. I believe IMF Article VIII is coming very soon.   I am not one to get overly excited but in this case I am one that believes that Iraq will continue pushing the banking system forward. That is exactly what we want.

7-1-2018  Newshound/Intel Guru Mnt Goat  ...Some are saying that the Iraqi dinar is 1 to 1 in Iraq already. One of the reasons to reinstate the dinar is to be able to use it in the world market place. World Market Place means ‘outside of Iraq’, thus you are NOT in Iraq. And until the rate changes on FOREX (with a significant increase) and the banks are willing to exchange it for us – it makes no difference to you or I what is going on inside of Iraq. Besides, I have a very good, reliable source in the CBI that tells me absolutely NOTHING has yet occurred and the dinar inside and outside Iraq is still at the rate of 1190 dinars to 1 US dollar.

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