Tuesday, April 24, 2018


4-24-2018   Newshound Guru Frank26   ...The CBI, for the first time ever, came out yelling and screaming, declaring their official position on their currency.  Isn’t that powerful?  They are so close.  They are ready.  They are not about to do this unless it’s exactly as the three headed monster, the  CBI, IMF, WB and for that matter, President Donald Trump wants it done. The CBI has fired a warning shot.  Please we need a level playing field with our currencies.   They have always been a dual currency country.  They did not give a darn. They do now.  The CBI is warning banks and vendors that an avalanche of three zero notes are about to pour into you when we RI and they must, they MUST accept those.  [post 2 of 3....stay tuned]

4-24-2018   Newshound Guru Frank26   IMO, they printed just the small notes and the others (three zero notes) are being collected, and they will not be replaced.   The three zero notes and the small denom’s are going to co-exist together.  They don’t care about the three zero notes.  And even though the CBI gave the banks and exchangers the plan several weeks ago, the banks and money exchangers are refusing the TZN’s.   Therefore, The citizens are now applying pressure.  Complaining to the government, the CBI. ...CBI issued a statement and said, “STOP refusing the three zero notes.”  The CBI is listening to the citizens and addressing this issue.  Telling the “banks, money changers, don’t mess this up!  We told you the plan through the memo we sent you weeks ago.”   [post 1 of 3....stay tuned]

4-24-2018   Newshound/Intel Guru Mnt Goat   RUMOR: In Kurdistan banks exchanging damaged bills and three zero notes and giving out lower denom's of five's, two's and ones.  The citizens in Iraq are NOT exchanging anything. I would not use the term “exchanges” but rather “turning in”.   ...Also if any banks are issuing the 5,10 and 1 dinars it is not with the permission of the CBI.  It is a mistake and the CBI will correct this mistake.  So recently the CBI simply asked the citizens in Iraq to look under their mattresses and backyards for their hoards of the 3 zero notes. Then bring them in and deposit them in their bank account. They need to collect these notes prior to the RV to reduce the money supply first prior to issuing a new set of currency.  Yes, some “smaller” notes are being given for some of the money turned in but certainly not fully replacing 3 zero note amounts for exact same amounts in the newer lower denominations. Why would they do this?

4-24-2018   Newshound Guru Kaperoni  I can assure you nothing is going to happen with the dinar or the monetary policy at the CBI for at least two more months maybe longer because they have compliance commitments to meet with the IMF first.   And then and only then when they're in compliance and the elections are completed and the new government is formed will they consider moving forward by moving to a float and leaving the peg.

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