10-3-2020 Newshound Guru MilitiaMan Article: "Al-Rafidain Appeals To Citizens To Deposit Their Money In The Bank And Not To Hoard It In Homes" [Could this be the last ditch effort before the rate changes to get them 000 notes?] I suspect that is exactly what is going on. They have been told their currency is to strengthen and have been told they’ll need to be apart of that electronic system as, the new system is coming on line. That may very well be very soon from the sounds of it. Tomorrow [Saturday] is a special day [Tomorrow .. the anniversary of the independence of Iraq from the British mandate.] If nothing changes it is to be Iraq’s new international day and by international law standards. That should bring with it full sovereignty...
10-3-2020 Intel Guru Frank when we get down to the very nitty-gritty. When we're down to you know where they're about to release the new exchange rate you're going to see what we call the 'second article' from the CBI. Where it has the breakdown complete of all the reasons why they're doing what they're doing...we were looking for one specific article but it turns out that it's coming out in stages...
10-3-2020 Newshound Guru Pimpy The rate before the drop of the rate was I think $3.22...Back in the day before America invaded Iraq and they reduced their rate it was $3.22 which meant for every Iraqi dinar you exchanged we get back $3.22 American dollars. That's what it was before they lowered the Amount to protect the wealth of Iraq. A lot of us who believe that it could be a reinstatement of the rate and not a revaluation. We will see.
10-2-2020 Newshound Guru Pimpy There's a difference between lowering the exchange rate and devaluing the dinar. Lowering the exchange rate benefits us. Devaluing the currency is bad for us. So if they devalued their currency on the exchange side that means you would get more dinar for your dollar. In other words if they devalued the dinar instead of getting 1190 dinars for every one dollar you might get something like 2000 dinars. That's because it's cheaper to buy. Make sure you don't mix them up...exchange rate lowering - good. Dinar devaluing - bad.
10-2-2020 Intel/Newshound Guru Frank26 ..the reason we don't have the new exchange rate...is because of Iran and anything associated with Iran...
10-2-2020 Intel Guru Bruce [via WiserNow] What we’re hearing is very encouraging and yes today is the first day of the new fiscal year – first day of the 4th quarter of the calendar year and it is the first day where we have the Quantum Financial System completely autonomous apart from the SWIFT System...Now – Iraq...was to put out their new international rate on the Iraqi Dinar – We got that information yesterday that it yes in fact had happened - that was out...Now we also heard there was an international rate established that even in country – in... Iraq – was even a little higher than what Shabibi predicted the Dinar could support in US dollars - so that was encouraging...
10-2-2020 Intel Guru Bruce ...we also heard that the IMF and United Nations both encouraged Iraq to go ahead and celebrate their new revalued Dinar...this coming Saturday...So we understand that rate is known internationally – however – we tend not to bring something from Iraq that’s known in Iraq or Middle East or internationally here to the United States until we are ready to go - and that is probably the situation now...Basically we are in the process – it did start – It’s coming east to west...we are looking at very early next week for our start...
10-2-2020 Newshound Guru Kaperoni [So if it’s a LOP, my 3,500,000 Dinar is worthless.] No, if they were to LOP it would be a neutral event. No loss, no gain. And the dinar can always appreciate thereafter.
10-2-2020 Newshound/Intel Guru Mnt Goat Article: "PLANNING ACKNOWLEDGES THE "FAILURE" OF ITS STRATEGY TO SUPPORT THE PRIVATE SECTOR" can’t support the private sector because in Iraq alone there is no private sector, get it? The private sector comes from outside investors coming into Iraq with there money to invest in shopping malls, restaurants, shops, manufacturing, etc. These investors do want to come in without an easy, non-corrupt way to transfer capital and profits in and out of Iraq. Currently they can not do this for fear of it being stolen and disappearing. Also there are still laws from the Saddam period that prohibit land ownership etc., that must change. Iraq must get with the 21st century...
10-2-2020 Intel Guru Footforward [How fast do you think it will go up from 1:1 ? Meaning how long for $3-$4 per dinar?] My opinion. Not financial or investment advice. It can't come out at one to one. It has to be over 3...At 3 dollars a million dinar is worth 3 million...they will trade dinar for USD in country at a one to one rate to get them off the street. Don't confuse that with the rate we exchange at...between 3 and 4.80 in my opinion...I'm still looking for the Boom with eyes on Iran.
10-2-2020 Newshound Guru Pimpy 6 missiles were launched. This is on the heals of Al-Kazemi trying to talk Mike Pompeo and them out of closing the U.S. embassy and now other embassies internationally are talking about closing. This is all bad. All of this is bad for Iraq. If the embassies start closing that means they don't feel secure there. That means it's unstable and this is a hug major blow to what we're trying to achieve both short term and long term...I'm watching the country unite to stop this.
10-2-2020 Intel/Newshound Guru tman23 ...I take you back to this old article quote. "THE NEW CURRENCY MUST CONE FIRST AS A PRECURSOR TO THE OLD AND REMOVING THE 3 ZEROES" .... In Iraq the central bank will send change to the finance minister he will forward it to the President ... The above quote has always been a wonder to a LOP or if there will be a short period of time for an exchange including the 3 zeros with a new rate .... sept 28 and on Iraq always got hot on the currency issue , they did back in 2012 when they were going to do it but Shabibi had an arrest warrant out on him...GET READY FOR RED OCTOBER...NOT THE MOVIE...MORE TO THIS STORY AS IT BEGINS.
10-2-2020 Intel Guru Frank26 The last five days all they talk about is the exchange rate of the Iraqi dinar... "no Frank, they said they are going to decrease the value of the Iraqi dinar?" The translation isn't proper. The wording is wrong...what they're doing is they're going to decrease the 3 zeros from the exchange rate to add value to the currency of the Iraqi dinar...
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