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Thursday, April 5, 2018

DINAR GURUS UPDATE, 5 APRIL

4-4-2018   Newshound Guru Kaperoni   There continues to be people challenging the IMF rule about waiting 90 days to meet compliance. This 90 days is critical as described as a "financial soundness indicator." In other words, the IMF wants the CBI to prove themselves they are ready for Article VIII. Quote:   “The exchange rate may fluctuate within narrow margins of less than ±1 percent around a central rate, or the maximum and minimum values of the exchange rate may remain within a narrow margin of 2 percent for at least three months.”

4-4-2018   Newshound Guru Mnt Goat    Iraqi TV is broadcasting news in the coming days the “launching of the new monetary system” throughout Iraq. Then just suddenly they now are telling us they plan to hold it off until after the elections? Honestly I don’t get the sudden negative turnaround!   Sometimes it is not so much the content of a published article coming out of from Iraq but the fact that they published the article in the first place and the timing involved when they published it. This is the case this week.   ...you will see the congruity of the news to today and how it all blends together nicely to give a full picture of the developments moving yet closer to the reinstatement day...NEVER before in all the years I have been tracking this RV sage have I seen such congruity and inter-connectiveness of the news...  [post 2 of 2]

4-4-2018   Newshound/Intel Guru Mnt Goat   The BIG question...today is – will we get out of April without an RV Elections are coming up soon and we all know the chaos and instability they can cause.  ...I personally doubt that April will come with an RV and I base this not on my opinion but on everything we are now seeing, but there are some reservations too and anything can happen n Iraq.  ...we know the new smaller category notes have been delivered to the banks since Nov 2017...we know that ongoing training is taking place with bank employees on the new currency features...we know the ATMs are now online throughout Iraq and ready to disperse the new small category notes (4) recent articles about the project to delete the zeros in just a week and we have not heard anything prior for almost 6 months.  CBI just announced in an article that they have accomplished their (3) major necessary goals including closing the exchange rate gap, carrying out financial inclusion (of all the provinces i.e. Kurdistan ) and settling salaries and completed the process of technical development within the banking systemThere is nothing else to do in these areas.  [post 1 of 2....stay tuned]

4-4-2018   Intel Guru Bruce   ...Intel wise let’s just say that it appears that everything we ever wanted to know about Iraq and failed to ask is done. We did get confirmation this morning that Iraq’s budget was finally put in their printed version of their Gazette...We already had the rate in the Gazette I understand Sunday or Monday...I think we can call Iraq done. I do believe this is it, and that needed to happen...I think we are positioned very well for this to come through. I am hearing things for later on tonight and tomorrow [Wednesday]. I am not calling it. We get in trouble if we try to call it. We are not doing that, but I am hearing very good things... I believe we will receive this thing hopefully soon. I am encouraged by what I am hearing.

4-4-2018   Newshound/Intel Guru BGG   I don’t see how anyone can read this and not be VERY excited?? Seriously?!? Because it alludes to some point in the near future instead of tomorrow or the next day? Sheesh!!  ...Only one economist is offering his opinion that the time may not be right. Everyone else (that actually matters) are ready to go.   [post 2 of 2]

4-4-2018   Newshound/Intel Guru BGG   Article:  "Is it time to delete three zeros from the currency?!"  Quotes:  "...the current environment suitable for this project because there is financial and political stability witnessed by the country,"    "...the project would be implemented after the legislative elections scheduled for next May" ...This is current news!!   It appears both Saleh and Alak believe the current climate is right, however, one economist mentioned does not. We’ll soon see (as in – between now and a month or two after the elections – according to them).  [post 1 of 2....stay tuned]

4-4-2018   Newshound Guru Kaperoni   I have been in this investment now close to 10 years spent hours and hours and hours reading factual documents from all over the world from different agencies including the IMF, World Bank, United Nations etc. I do so to publish the truth.  I can assure you there is no RV, RI. This is a process of monetary reform that will allow the CBI to transition from a peg two a float allowing the dinar to rise based on supply and demand and investment in Iraq.   There is an opportunity to substantially profit from that appreciation but it'll be gradually over time once they begin the process. We hope that will occur or start this year.  Those looking for an overnight wind fall as such in a lottery ticket it simply will not and cannot happen.

4-4-2018   Newshound/Intel Guru Mnt Goat   Article:   "CENTRAL BANK: WE HAVE SUCCEEDED IN ENDING THE EXCHANGE RATE GAP ...So now we know the IMF was satisfied with the last round of monitoring the MCP. It is here is black and white..."The reform carried out by the Central Bank, based on three axes,  1)  the first close the exchange rate gap,   2)  carrying out financial inclusion (of all the provinces i.e. Kurdistan )and settling salaries and  3)  the third related to the process of technical development within the banking system...So they are telling us all three (3) of these items are completed.   ...They are saying the banking and financial reforms are completed. ...This is part of the creation of the environment conducive to completing the project to delete the zeros...But where is the reinstatement of the currency then?...I believe after reading this article that the reinstatement of the IQD is now nearer that [than ?] we thought. Remember the RV is a by-product of completing the banking and financial reforms not a reform in itself...So now the reforms are all complete...I am excited and so should you...

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