6-27-2018 Intel Guru Bruce ...Now, what we...have is we have an agreement...today...between our Treasury and the IMF regarding some of the countries and the Far East and their rates. ...It is good because those who were involved were getting down on the wire on it, and now we can move forward, and get this thing completed for us. ...a lot of funds have moved in the 32 international banking institutions globally...not just coming to us here in the United States. This is for all around the world...it seems at the last minute in a way, but they have this thing timed out...That is a very positive piece of news for us, because things are moving in the direction where we should be able to get started here in short order. ...we anticipate things around July 4th to be very good. We anticipate the public starting in the vicinity of July 3rd. ...We are looking forward to a great week....
6-27-2018 Newshound Guru Kaperoni ...I believe the CBI will leave the peg and float the currency allowing the currency to rise gradually. What that means is the value of the dinar will go up but just not overnight. I believe it could take 6 months to 2 years for it to reach parity with the dollar once it begins. Again keep in mind there's a lot of factors that play on how fast a dinar rises primarily how fast investment comes into the country. That is why it's important that the CBI properly prepare everything. Not only the banking system but the laws to support investment and having a stable investment climate.
6-27-2018 Newshound Guru Kaperoni ...with 60-plus trillion dinar in circulation, if you're expecting any kind of overnight event you're dreaming other than a LOP...a one-to-one rate or higher then it's going to be a LOP. Moving to a float is the right thing to do and it allows the world to set the value as well as counter inflationary pressure created by investment. Such a move will not give any kind of overnight RV or RI but a gradual appreciation overtime. And we may have to wait several months or even a year or more for it to rise to a level that we all are comfortable with. Just remember monetary policy is not a random event that every action the CBI takes has a purpose.
6-27-2018 Newshound Guru Whitelions ...everything and I mean everything points to this just about at it's end. How it happens is where the right fighters get into the gray waters .
6-26-2018 Newshound/Intel Guru Walkingstick [via sunny] PCC [Partial convertible currency], by definition is a currency sold with low volumes on the FOREX. Rate now on Forex is maybe around $1.80. A country that does a PCC is Article 14 before going to Article 8. Testing stress of the Iraqi dinar outside of their borders. Countries you can refer to, to see how a PCC was applied are India Rupee and China’s Yuan. All emerging economies use a PCC to go from Article 14 to Article 8. It means they have to convert. Protects their reserves and contracts. How long can a PCC go on? Started two months ago, with jumps on the FOREX, just before 2% compliance. $1.70- $2.00 PCC testing. Trying to hit 3+? That would be an RV. We don't know exactly where we are.
6-26-2018 Newshound/Intel Guru Walkingstick THE RATE CANNOT BE ANY HIGHER THAN THE AAD (Arab Accounting Dinar) CURRENCY NUMBERS OF THE IMF = 2.5 X SDR NUMBERS (You can find this on the IMF website...) SDR rate as of today is $1.41. If you multiply by 2.5 you get a max of 3.52. (can change daily...) When it’s on the FOREX it will sell at a low volume, not the program rate. Iraq in the ME is a trade hub and needs different value for the world Global Markets. The key is it’s now going to be tested at a different value globally. The RV WILL SHINE LIKE THE SUN!
6-26-2018 Newshound Guru Frank26 [via sunny] [Guru] Walkingstick called yesterday. He has a new word. "Very Shortly." WS said, "They are accelerating the pace to do it NOW." Central Bank of Iraq has taken the Iraq Dinar INSIDE IRAQ to a new level. They are using every IMF tool to educate the citizens: cell, TV, ATM machines. 1-1 inside Iraq has gained more purchasing power. Partial convertible currency ( PCC) outside of Iraq will introduce the Iraqi Dinar to global markets. Inside Iraq they are using E Dinars (electronic dinars). They are testing the global markets: "Bird is leaving the nest...."
6-26-2018 Newshound Guru Frank26 "Believe we are toward the End of the Time Line." ...You know very well where we’re at. The CBI is following the first quarter orders given to them by the IMF, UST, CBI and POTUS. There should be no one doubting their currency is being re-instated. The currency will be used electronically outside Iraq borders. They are lighting the RI fuse for the RV, for Investors/world markets to buy, sell and trade with it. This forces an increase in value of Iraqi Dinars.
6-26-2018 Newshound Guru Frank26 CBI will introduce small notes electronically at the start of the reinstatement. By limiting the supply electronically and then move the decimal point. This will set up for "physical" delivery of small notes. This is brilliant! At any moment we can see a rate change. Iraq is hiding the RI. "We may see actual change around the FIRST WEEK July. We are pressed up to the final stage of the wall. Control will be electronic as that removes fraud and inflation. The small notes are soon to be dispensed! PCC proves what they have done in country. A convertible currency with low volumes. IT’S BRILLIANT! All citizens will be on par in Iraq "very shortly".
6-26-2018 Newshound Guru MilitiaMan Earlier on there was mention of the word by Frank [Guru Frank26] and others...Assimilate: To make similar: was part of the translation. Well imo they are doing just that now. That is the phase imo we are in and we will watch the assimilation very shortly..
...They have already printed the new currency, well imo that currency we await imo will be similar to the ones we and they have now, just less the zeros. Imo to not have confusion, they will be similar to the old in nature, art work, size, color, etc... They will need to be, as they will be along side each other for some years...The CBI warned people to not print fake news as to create confusion for the citizens, just like they warned people not to take advantage in regard to the currency, as they will have similar value in country.. imo. All part of the plan that is imo underway.. imo.6-26-2018 Newshound Guru Kaperoni ...the fact is, they cannot reduce the money supply at least until they end the auctions. And I do a lot of research... there is zero evidence of any indication...the money supply has been reduced. In fact, reports that come out from the CBI indicate that the money supply has gone up over the years.
6-26-2018 Newshound/Intel Guru Mnt Goat Here we sit just less than 1 week prior to the target date of June 30th for the formation of the newly elected Iraqi government. This could prove to be a pivotal week for us in that they must complete the recounting effort prior to July 1st . Based on everything else we are now hearing...I am afraid to say this probably will not happen. Some Iraqi electoral commission representatives tell us it should take 3 days, others say 10 days and then others months. Who knows? All we can go on now is what they (Iraq) are telling us. Many of you are beginning to WORRY and get ANXIOUS to exchange your dinar at the banks. ...this reinstatement of the dinar will occur and very shortly but not this week. We just have to be patient and let it all play out.
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