10-15-2020 Intel Guru Frank26 ...the atmosphere in Iraq is thick with the monetary reform success...With the white papers that contain the new exchange rate, the date when they want to announce it. That's why parliament is going to see it...
10-15-2020 Intel Guru Bruce [via WiserNow] We know that from Iraq’s point of view they had some White Papers that were to be delivered...to the parliament with the rate of the Iraqi dinar in that paper work... So when we look at what is occurring – and where we are – we believe we are getting down to it...we understand is the President wanted this to go 6 weeks before the election...There’s definitely a “Hush” out there...more and more people are under NDA’s and are also under GAG Order...everything is good – everything is ready...everybody is in a situation right now of expectation for this to come through – don’t know what day – of course we’re hearing “this is our week”...don’t worry about the rates – they will be great...
10-15-2020 Intel Guru Footforward Article: "Iraq proposes New Jointly Managed Oil Company for Kurdistan" The joint oil company is a VERY big deal...Baghdad and the Kurds have to work together. The Kurds have the majority of the wealth. So without them working together there is no rv.
10-14-2020 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENTARY FINANCE EXCLUDES RAISING THE EXCHANGE RATE OF THE DOLLAR IN ORDER TO COMPENSATE FOR OIL LOSSES" ...so this article is telling us the CBI is NOT going to devalue the dinar as raising the value of the dollar against the dinar would do this. This is good news. But now do the revalue the dinar then against the dollar? ...I have told you this many times already that there will NOT be a revaluation of the dinar of any sort in Iraq . Instead they will only transition the dinar to the lower denominations initially keeping the exact same value only having dropped the zeros from the currency. So, a 25,000 dinar note will become the new 25 dinar note. A 25,000 dinar note today is worth about 25 USD on the de facto peg. Thus, the new 25 dinar note would be worth 25 USD but this is no longer on the de facto peg and that is where people get confused. But this is in Iraq only.
10-14-2020 Newshound/Intel Guru Mnt Goat Since in the process the IMF plans to re-peg the dinar to a basket of currencies. In doing this they will reinstate the dinar and put it on a float within the basket. They have to do this. They have no choice if they are to carry out the process to completion once they begin it. At this time a new rate will be assigned according to the basket of currencies. If anyone travels outside of Iraq and needs US, they will exchange 1 dinar using the new rate of the basket for USD. Iraq plans to continue to use dinar inside Iraq not US dollar. So, inside Iraq if the value of the dinar is higher and buys more than why would you want to use the dollar? But the dollar is universal and demand is higher outside of Iraq . So, they must watch for inflation upon this transition period first.
10-14-2020 Intel Guru Frank26 [Iraqi citizens] They already told you the rate was going to be 1 to 1 on par with the American dollar. You already know your rate. When is this rate going to be given to these new small category notes...? When you go into the banks and they show you the new small category notes they will also show you the new exchange rate with them...both of them will be showed to you at the same time...it's exciting Iraqi citizens IMO of what's going on in your country. I'm excited for you...this is the next step.
10-14-2020 Intel Guru MarkZ [via PDK] So much is happening…I am hearing the vote on the HCL or article 140 is expected on Saturday in Iraq. Voting on a Saturday for them is unusual. It rarely happens…They are actually going to be in session this weekend as they move forward with their economic reforms. There is a lot to watch... [white papers didn't mention date and a rate.] I am told out of the sandbox that they specifically did not mention it because they are trying to buy a few days for disclosure and plan on voting on that this Saturday. My Iraqi contacts very much believe that we will see the new rate by the end of the weekend...i am still of the mindset that they will get it out in October.
10-14-2020 Intel Guru Footforward [...about Article 140...are they having meetings about gitting it done or did they get it done?] It's my opinion article 140 was passed years ago and implemented about a week ago by the PM. I'd dare to say that article 140 is more important then the white papers. Without article 140 we won't even have need for white papers because the Kurds would leave Iraq. Then there would be no RV.
10-14-2020 Newshound Guru Pimpy ...the reform papers have been submitted for review. Not implementation. They're telling you they need to review it and then prepare a presentation to give to parliament...so now they have the paperwork. They need to review it before they present it to parliament. I have a strange feeling that this presentation might not happen until after the elections. That has nothing to do with whether or not they're going to do anything about the exchange rate...if they wanted to for whatever reason they can change the exchange rate without the white papers or reform papers being implemented ...their number 1 goal right now is to focus on early elections...
10-14-2020 Newshound Guru Jeff ...Article: "In details ... Al-Kazemi's white paper reaches the Iraqi Parliament" Quote: "a parliamentary source said that the government reform paper had reached the Iraqi parliament for a vote." ...the odds are parliament will not be allowed to start the approval process of the reforms until Sunday the 18th at the earliest. Watch their patterns...the reforms you know for a fact are married to the rate change.
10-14-2020 Intel Guru Frank26 [Iraqi citizens]...please go to the banks. I actually thought they were going to tell you this last Thursday. Yeah, to go to the banks. Maybe this week? Maybe next week. But the thing though, Iraqi citizens, you know they are about to call you into the banks. And you know IMO what they are going to show you. You're all excited about it. The monetary reform is at a stage right now where it must succeed with the Iraqi citizens. This is the final step of the monetary reform...citizens they are about to to come into the banks of Iraq. What they are going to do is show you these big blown up picture of the new currency...
dinarguru.com
