Wednesday, May 9, 2018


5-9-2018   Intel Guru Bruce   ...We are also hearing Iraq will have a rate out tomorrow morning...that their ATMS will be turned on.  Their lower denominations have been loaded in them for awhile, and they will be accessible, available. Iraq should be rocking and rolling tomorrow morning.  I think the Forex rates that were sent over to us Sunday night or Monday have been finally approved here. These rates came over from London.  We are getting the impression the rates are not only been approved, but are solid, no rates flashing. That is good.  They have decided everything is in Go Mode...the last the latest information I got...came from sophisticated bankers from New York was that this was going down shortly.  We do not know what that means exactly, but I feel very confident where we sit...I am feeling very good with the timing where we are.   [post 2 of 2]

5-9-2018   Intel Guru Bruce 
  ...so much information between Thursday and was pointing to this already happening.  ...Ultimately it seems it comes down to Iraq. Are they ready? ...Here is what Iraq is doing starting tomorrow [Wednesday] morning in Iraq...they have a...brand new Economic Development Program which starts tomorrow. It is a five year program. It involves so far 57 countries, 360 companies.   If you were going to start that program tomorrow and go 5 years with it, wouldn’t it be a good idea to have your currency at an internationally tradable rate? ...It is crucial they have that rate out tomorrow before they start this program which is due to start tomorrowThe other thing is the Qi cards that are new, the Visa cards, that have the oil revenue sharing money on them ...Those funds are accessible and usable tomorrow [Wednesday] morning.   [post 1 of 2....stay tuned]

5-9-2018   Newshound/Intel Guru BGG  Article:  "Abadi: The corrupt have become restless"   Quote:  “the corrupt were pressing for the collapse of the dinar prices and work to raise prices, but failed to do so,” asserting his quest for “a new renaissance of Iraq to restore its past and even better.”    I have to think – with the context of his commentary in this article focused on the value of the Dinar, Abadi has something planned for after the elections. I’m not exactly sure what he’s talking about here… but it sounds good to me!

5-9-2018   Newshound Guru Kaperoni   Dollars are being sucked up right now in Iran. As well, the Rial has dropped to 67,000 to one US dollar.  We're going to have to keep a close watch on the CBI over the next few weeks Iran has a tendency to suck dollars out of Iraq when it needs them and this could affect the spread.  Course if this happens is bad for the CBI cuz it'll affect its reserves as well it'll knock the spread out of whack with the IMF forcing them to start over again on the 3 month compliance.  Hopefully Iran's weak currency and lack of dollars does not affect the CBI. They must be pretty confident since they are liberalizing even more. Remember the IMF and US Treasury helped them figure out how to get the spread within compliance last fall.

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