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Dinar Guru - Iraqi Dinar | Latest Iraq dinar recaps & updates Dinar Guru Join over 90,000 of your dinar peers! Enter your email address in the blue box below... dinar guru predicts dinar news: Start Here iraqi dinar updated about dinar guru dinar book club free stuff iraqi dinar RV tool contact us privacy policy Disclaimer Terms and Conditions i And The Dinar Guru Predicts... The World's Largest & Most Trusted Archive of All Your Favorite Guru Predictions From Around the Web Since 2010...Millionday, Doc, Kaperoni, Jester, Breitling, Poppy3, OkieOilMan, Frank26, Med, Enorrste, TerryK, TNT Tony, BGG, Tlar, Mailman17 and all the others...Join over 90,571 of the sharpest, most savvy and informed members and growing! Dinar Guru Resource Bar Live New York Time Live Baghdad Time Official Central Bank of Iraq (CBI) Dinar Rate: >1166 IQD to 1 USD( ) > Dinar Guru "RV" Meters ( Updated: ) Dinar Gurus who feel Dinar will RV within days... 26% Dinar Gurus who feel the Dinar will NOT "Change" until certain "things" are accomplished... 74% Dinar Gurus' Official Master List of Possible Major " To Do's ": Moved to Article VIII HCL passed/imp. [Temp 11/2014] [agreed in spirit 12-2014] Erbil Agreement Impl. Election Law (DONE! 12/2013) Chapter 7 (Done?? summer/2013) Article 140 impl. Economic/Banking laws passed Investment laws Power Sharing (Done!! 10/2014) Internationally accepted Dinar GOI Seated (Done! 10/2014) Tariff Law (partial) CBI & Market rate within 2%-90 days Dinar Gurus who feel the Dinar will FLOAT "slowly" upward instead of RV... 13% *** Are you on the official RV ALERT List?? *** Don't Get Caught On The Outside Looking In.  Enter your name and email above....Its FREE and you get Official RV Alerts, the latest breaking updates, special videos & other fun stuff from me too! "I find your emails to be fascinating they are filled with Life and energy. Just reading them gives me a boost. Peace and Blessings" -E Dinar Guru Member Click here To Get instant access  >>> Click here to get on the Official Dinar RV Alert List... 2-27-2015   Newshound Guru tlm724   Article:  "Kurdistan announce the dinars from Baghdad and is preparing to pay salaries next week"  Quote:  "The amount of 250 billion dinars, arrived this afternoon from the central government to Arbil," noting that "the amount will be transferred to the Central Bank ".   the budget money is flowing like water now...Wink. 2-27-2015   Newshound Guru Breitling   I've always stated that if they ever did close the auction floor that something is coming down the road…this is still true today.  This is good news for us but it doesn't mean it's going to happen next Friday.  Here's the most important thing…the idea going around is that it's getting harder and harder to get dinar out of Iraq.  The reason it's getting harder and harder is cause they reduced the note count.  This is a big deal.  You will always be able to get it but it's getting tougher and tougher. [Post 1 of 2 stay tuned for the rest of the story] 2-27-2015   Newshound Guru Shredd   FATCA...this Act focuses on US-based investors having foreign accounts and accurately paying taxes on them.  Iraq officially looking to join Foreign Account Tax Compliance Act.  what people need to understand is in many ways, investment couldn't have happened prior to this because the compliance and protections were not in place.  It's a big deal and fits perfectly with how Iraq has been paving the way for US investors to be able to invest in iraqi-originated debt. This means when the dinar is stronger and investors want to get into the iraqi market, they'll be able to. This is part of the horse before the cart!2-27-2015   Newshound Guru Millionday  HERE IS A GREAT ANNOUNCEMENT...   Quote:   "Under the auspices of the Iraqi government of national reconciliation .. (Baghdad Declaration) .. Location: Baghdad (House of Representatives - House of the People) When: Month February 2015..."   ACCORDING TO THIS -- THE NATIONAL RECONCILIATION DECLARATION WILL BE WITHIN THIS MONTH -- WOW...THAT IS HUGE AND WITH ALL WE ARE SEEING AS WELL WITH THE MONTH OF MARCH BEGINNING -- HOLD ON TO YOUR HAT.2-27-2015   Intel Guru TD    Discussions with my Kurdish friend (as always treat as rumor and please due your own sound diligence) . The old 50 notes are being exchanged due to wear and tear and to have better security enhancements with the new notes. Citizens inside the country will have 60 days to exchange them. What about the 50 notes outside the country? Well .... Try selling them back or try exchanging those and you'll find out the answer. The deletion of the zeros program has now been given an extra year to start and complete. It was originally to be a 4 year program and due to the need to still achieve security, stability and rollout the banking and capital investment initiatives it will now be delayed an extra year. The program was to initiate later this year but now won't be till 2016. The major goal of crushing ISIS, retaking cities like Mosul, Anbar province, etc. is THE top agenda item this summer and fall with then gluing the national banking system and attracting foreign capital investments in the 4th quarter of this year. ALL is based on progress and conditions on the ground. 2-27-2015   Newshound Guru Chattels   [if kurds got paid does that mean HCL is in effect?]  it means that there has been part performance on the temporary HCL agreement from december which is incorporated into the 2015 budget.2-27-2015   Newshound Guru Millionday   [THEY DIDNT ANNOUNCE THAT I RECALL, PRINTING NEW 50 DINAR NOTES.  DO YOU RECALL THAT THEY ARE?]  THAT IS ALREADY DONE...PER REPORTS WE HAD SOME TIME AGO.   [were you excited and happy to hear about the 50 notes being called in?]   YES I WAS -- IT IS THE BEGINNING OF THE REDENOMINATION AND RELEASE OF THE NEW SERIES TO THE IRAQI CITIZENS AND THE VERY LOW ONE -- SMILE.   [post 2 of 2]2-27-2015   Newshound Guru Millionday   CBI IS PULLING THE 50 DINAR FROM THE STREETS OF IRAQ RIGHT NOW AND WILL BEGIN ON MARCH 1ST AND END APRIL 30TH.   THESE NOTES WERE ISSUED AFTER THE 2003 ECONOMIC CHANGES THAT OCCURRED -- HOWEVER AT THAT TIME IN THIS SERIES THEY WERE NOT VERY USABLE DUE TO THE REFLECTED PRICING THAT OCCURRED WITH THE IMPOSED RATE -- SO THE NEW SERIES WILL BE PUT ON THE STREET IN THIS CATEGORY.  [is this in country and outside too? All?]   THIS IS RELEASED TO THE CITIZENS SO THAT THE 50 DENOMINATION CAN BE EXCHANGED TO BE THE NEW SERIES AT THIS TIME --  NO REGULATIONS HAVE BEEN RELEASED YET IN INK TO TELL CITIZENS OR INVESTORS OUTSIDE THE COUNTRY OF ANY NEW REGULATIONS FOR THE BILL OR WHAT TO DO WITH THEM ETC.  THERE ARE IRAQIS OUTSIDE THE COUNTRY AND PEOPLE THAT HAVE 50`S OUTSIDE OF IRAQ...WE WOULD EXPECT SOME REGULATION RELEASED FOR THAT -- WE HAVE TO WAIT AND SEE.   [post 1 of 2....stay tuned] Miss the latest guru update ?  Scroll down now to get caught up... Also, are you still not a Dinar Guru member?...now's the time...It's free and you join over 85,000 of your peers Plus you're automatically on the Biggest and most reliable Dinar RV Alert list on the internet... click here now... 2-26-2015   Intel/Newshound Guru Poppy3    ...THEY KNOW WHAT THEY MUST FINISH AND ARE WORKING FRANTICALLY TO GET THERE. WHEN ITS DONE IS WHEN WE WILL SEE IT NOT BEFORE.   NO DATE MATTERS, THEY HAVE A LIST THEY ALL AGREED ON 6 PLUS WEEKS AGO AND SET IN MOTION TO FINISH ALL ON THE LIST ASAP.  THE BOTTOM LINE IS THEY ARE DOING THEIR JOB FOR THEIR COUNTRY AND WHEN THEY FINISH WE WIN AND BENEFIT JUST LIKE THEY WILL.  WE SHOULD ALL BE DANCING AND PREPARING FOR CELEBRATION...2-26-2015   Newshound Guru Millionday   IRAQ HAS ANNOUNCED THAT THE FIRST DISTRIBUTION WILL BE TOMORROW TO KURDISTAN...THEY HAVE STATED THEY ARE FLYING THE CURRENCY TO KURDISTAN -- NOW LETS ASK OURSELVES BECAUSE WE DONT HAVE INK -- WHY WOULD IT NOT BE WIRED? WHY IS IT BEING FLOWN IN?...VERY INTERESTING.2-26-2015   Intel Guru Frank26   IF I was The CBI and was about to distribute LD's let alone further sub divisional fils of COINS then this is exactly what I would do. Because they are needed when 000's are lifted. 1166 works well with 000's but NOT with LD's and coins.  You see...There is no other lower denomination.   Hence You start with THIS 50 as EITHER replacing it OR...   MAKE CHANGE. LOL...Actually in more ways than one...LOL.   ...They will destroy the lowest and replace it with even lower categories of currency such as ...I's ... 5's ... 10's and coins of 1/4 ... 1/2 ... 3/4.   Here is another of my cookies...IOO ...The 50 will be made into change for The Citizens inside while outside ...You will get a new rate to return ET Home.2-26-2015   Newshound Guru Shredd   ...what is happening now to the 50 dinar note already happened to the large 000 notes last year and the CBI didn't discontinue the older versions which are the ones we hold. So, unless their plan has drastically changed since then, I think we can safely hope the cbi won't discontinue them before we decide to exchange them. That said, like it's always been, we just need to wait this out.  Additionally, if the cbi's plan had changed, why wouldn't they do it now along with the 50 dinar note (announcing the "old" versions of the newly upgraded dinar shall be discontinued after 60 days)?  I look at this move as something the CBI was going to eventually do anyways but I was thinking they would have done it much further down the road once a strong dinar value demanded usage of the 50 dinar note. Seeing they are making this move now, before any exchange rate change has occurred, makes me think the 50 dinar note will have a purpose much sooner than we thought.2-26-2015   Newshound Guru Tlar   Article quotes:  "Thursday February 26, 2015 14:35  said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months."  "the banks and their branches will start replacing these banknotes presented to it and without fee or commission,"   The only bill they did not reprint of the bills in circulation, is the 50.  I am guessing that the CBI saw this as a vulnerability so they made another strategic decision,  the decision to release the new 50 and quickly swap them out... The 50 is part of the new smalls... Once the current 50 has a reality value, Iran would definitely counterfeit it and we can assume Iran has known what the plan is since its inception .  Iran already has its distribution system in place along with the plates and more than likely the first counterfeits would be delivered in a few days.  There aren't many 50's being used in Iraq because of their low value.  I surmize the 50 will be the very first release of the new small even before they raise the rate.  2-26-2015   Intel Guru TNT Tony   CONFIRMED Kurdistan received their payment today. THE IRAQI PEOPLE SHOULD BE NEXT and then???2-26-2015   Newshound Guru tlm724   Article  "Finance Minister announces staff self-financing companies paying salaries"  Quote:  "Zebari called during a meeting with a number of media self-financing companies to review the banks to take over the salaries of its employees..."  money is starting to flow out of the budget...appears the budget is open for business!  2-26-2015   Newshound Guru Aggiedad77    ...they give no details to HOW they intend to replace the 50 dinar notes...or what they will replace them with...2 20 dinar notes and a 10 dinar note?  OR...maybe this is the METHOD they will use to introduce the LOWER DENOMS!  ...if it is the LD's that are coming...they would not telegraph this intent to us I don't think...because it would have to mean a rate change too...IMO.  [IS IT POSSIBLE THAT THEY WOULD ONLY REPLACE WITH ELECTRONIC VALUE IN THE BANK ACCOUNT?]   yes that is also a possibility...and a means for them to push out more smart cards since so many Iraqis do not trust banks at this time and may not have bank accounts...perhaps movement towards more e-banking...we continue to look for more concrete information as to what is really going on.2-26-2015   Newshound Guru Enorrste   Article quote:  "Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months."  Here is the way I see this:  (1) The 50 dinar note, worth about 4 cents, is not being used in Iraq at this time. (2)  The newer and more secure currency that has been printed did not include the 50 dinar note, as I understand it. (3)  Therefore, since it isn't the more secure note and isn't used anyway, the CBI is removing it from circulation. (4)  They are giving about 60 days to get them all in, after which time the currency will be worthless. (5)  Doing this at this time...is probably in preparation for a rise in the value of the dinar. (6)  I say this because if and when the value rises, the CBI would not want these "old" notes in circulation since they do not have the proper security features.  (7)  Finally, "replacement" does not necessarily mean a new 50 dinar note will be issued.  I suspect that over time a new note will be issued, once the value has risen.  That is implied in the article, in my opinion. Therefore, I see this as part of the "clean up" process to get ready for the float.2-26-2015   Newshound Guru Administrator Bob  Article quote:  "Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months."   It appears that the Central Bank of Iraq has decided to demonetize the 50 dinar note. They are giving Iraqi citizens a period from March 1st -April 30 to deposit or receive equivalent currency as replacement. After that the 50 dinar will have no value in Iraq. Currently, the 50 dinar is worth less than 5 cents US. 2-26-2015   Newshound Guru My Ladies    I THINK STILL WE NEED TO SEE MONEY BEFORE THESE IMPORTANT LAWS ARE EVEN READ IN THE HOUSE.   JUST IN NOW...THE AGENDA FOR THE NEXT PARLIAMENT SESSION, SATURDAY THE 28TH AT 11AM.  GUESS WHAT FOLKS THOSE VERY, VERY, VERY, IMPORTANT LAWS THAT THE CABINET FINISHED AND JABOURI IS CALLING ON TO HURRY UP AND READ, WELL THEY ARE NOT IN THERE AGAIN.   I DON'T THINK WE EVER SEE THEM GET PASSED BECAUSE IF WE ARE CORRECT IN OUR LINE OF THINKING THEY NEED TO FUND FIRST.  [post 2 of 2]2-26-2015   Newshound Guru My Ladies   THE 24 HOURS HAVE PASSED AND THE BUDGET IS AN OFFICIAL LAW...THEY SAY THEY HAVE APPROVED THE ALL THE FINANCIAL ALLOCATIONS OF THE BUDGET AND THEY ARE GOING TO START IMPLEMENTING THEM.  WE SEE THEY HAVE THE ENTIRE PLAN WELL THOUGHT OUT, BUT NOW TO IMPLEMENT IT IS SOMETHING ELSE. WE WILL SEE MUCH ACTION IN THE COMING DAYS BUT HOPEFULLY THEY WILL ADJUST THEIR CURRENCY FIRST...THE CABINET HAS THE IMPORT LAWS TO VOTE ON SENT TO THEM ON TUESDAY, THE NATIONAL GUARD LAW, THE INVESTMENT LAW, THE AMNESTY LAW AND YET IN TODAYS SESSION THEY READ A BILL FOR PAVING THE STREETS? HUMMM SORRY FOLKS BUT THAT STILL DOESN’T PASS THE COMMON SENSE TEST.   [post 1 of 2...stay tuned]2-26-2015  Newshound Guru Arthur   Q. Are we really close or are we waiting on June or further out?  IMO based on everything I see and am hearing from our Arteam we are closer than close.  Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely.  The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime.  This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of  the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget.  All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq. [Post 2 of 2]2-26-2015   Newshound Guru Arthur   People are asking me the same questions over and over so I will address them now. Q.  Is the HCL done?  A. NO.  It is not done and anybody saying it is either misinformed or doesn't understand the process. They have agreed to agree on many parts of it and still working out the bugs on other issues....there can be no fully implemented budget and subsequent revaluation without it.  Q. Is the budget in the Gazette?  A. NO.  The budget has been outlined in the law review of the MOJ site and has been signed, ratified, and agreed upon at every level but not placed in the official Gazette for immediate implementation and disbursement of all provincial funding.  It can't be be for obvious reasons but if it were, and still at the 1166 level we would all know it and it would not be anything to be excited about.    [post 1 of 2....stay tuned]2-26-2015   Intel/Newshound Guru Poppy3   I AM TELLING YOU THE PROCESS IS MOVING AS FAST AS THEY CAN GET IT DONE. THIS WEEK, NEXT WEEK OR 30 DAYS FROM NOW, IT IS WHAT IT IS. THEY KNOW THE DETAILS AND THEIR JOB AND THEY HAVE ALL ASSURED ONE ANOTHER THEY ARE GOING TO FINISH.  NO DATE IS A DEADLINE BUT THE PROCESS AND WHEN IT IS FINISHED WE WILL ALL BE BLESSED. IRAQ WILL BE SAFE FOR MCDONALD’S, CITI BANK, DOMINO’S OR FORD MOTOR CO. OR ANY INDUSTRY TO DO BUSINESS IN. THEIR MONEY WILL BE HIGHLY VALUED AND TRADEABLE AROUND THE GLOBE.   LET ME ASSURE EACH OF YOU THE WAIT IS SHORT AND THE BURDEN HAS BEEN LIGHTENED – WE CAN SEE THE PROGRESS AND HAVE BEEN ASSURED OF THE BLESSING COMING.  [post 2 of 2] 2-26-2015   Intel/Newshound Guru Poppy3    JUST IN....MANY ARE LOOKING AT THIS INVESTMENT AND WHAT IS HAPPENING ALL WRONG…THINKING SOMETHING OR SOMEONE IS HOLDING THIS BACK. THAT IS THE FARTHEST THING FROM THE TRUTH.  I HAVE A KEY PERSON THAT IS BEYOND REPROACH IN HIS STATUS AND INSIDE POSITION. HE HAS EXPLAINED THE PROCESS THEY ARE IN IS A PLANNED AND AGREED UPON PROCESS. ABADI, JUBOURI, BARZANI AND ALL THE LEADERSHIP HAVE AGREED ON IT, APPROVED AND THEY ARE CARRYING OUT STEP BY STEP.  I BEEN INFORMED TODAY THE FINAL PHASE OF THE PROCESS HAS STARTED.   IT WILL PLAY OUT AS IT IS SUPPOSED TO PLAY OUT.  FORGET ALL THE MINOR DETAILS OF THIS LAW OR THAT REASON – IT DOESN’T MATTER TO THE END RESULTS.  [post 1 of 2....stay tuned]2-26-2015   Newshound Guru wmawhite   tic toc, tic toc...that is the clock that is ticking at the CBI, BIS and at all of the central banks around to world as the CBI prepares to make their next and final move...JIMO.2-26-2015   Newshound Guru Millionday   IT LOOKS LIKE THEY ARE ASKING FOR EXECUTIVE ORDERS WITH HCL -- FROM BASRA...THEY ARE ASKING THE PRESIDENT TO MOVE FORWARD WITH THE HCL PER AGREEMENTS MADE.   [Does the HCL have to be done before they can do anything with the Dinar?]  THAT WOULD BE UP TO THE PLAN THEY HAVE FOR THE COUNTRY... THE TIMELINE THEY ARE WORKING WITH HAS NOT BEEN RELEASED TO US -- WE DONT KNOW THE DATE...THEY...ARE WORKING VERY HARD TO MOVE FORWARD -- ABADI PROMISED TODAY TO THE CITIZENS THAT THE ECONOMIC CRISIS WOULD END -- THAT IS A HUGE STATEMENT.2-26-2015   Newshound Guru OOTW  well the budget, in full, is posted at the ministry of justice site - today [Wednesday] - it's an active law. 2-26-2015   Newshound Guru Tlar   The CBI just released the pressure on this side of the equation by announcing they would again sell dollars to these banks, but just to cover remittances.  What they have yet to resolve is the liquidity problem in these same 32 banks.   Until they can resolve the liquidity issue for these banks, Iraq remains in critical mass IMO.  IMO they just don't have enough dinars to open the budget at 1166.  To me that says something has to change before March 1st when they implement the tariffs and taxes, not 45-60 days down the road.  To me they can't stay where they are, they have to move forward with monetary policy change or this problem will exacerbate.  [post 2 of 2]   2-26-2015   Newshound Guru Tlar   The CBI made at the least a temporary strategic decision to start selling the dollar again to the banks to cover the remittance side of what was the auctions.  When they pushed the responsibility for remittances over to the independent banks and cut off the auctions at the same time, they essentially left the bank with few options and almost no way to obtain the hard currency needed to pay these imports with.  On the one hand they said you have to now pay for international orders and imports but we won't sell you the USD to be able to pay for it.  This immediately pressurized the system because potentially it stood to bring purchases to a stand still if not fixed.  [post 1 of 2....stay tuned] *** 2-25-2015  Dinar Guru News Flash *** UPDATE 2 ***  Slowly but surely the guru reports are coming in and the consensus is the budget has in fact been published!  They feel the next phase is implementation--releasing funds and enacting the laws...but the steps are yet unclear.  The gurus are sorting through the intel and information as it comes to light.  After 11 years...the daily CBI currency auctions have remained STOPPED!  Everyone is waiting with bated breath to what Iraq's next move will be...stay tuned as this super exciting and interesting story unfolds!  If you are not on the official Dinar Guru Alert List now is a fantastic time to do so...it's free as always...get on the list by clicking here now... [the latest guru updates will continue below] 2-25-2015   Newshound Guru Millionday   KURDISTAN IS DENYING IN THE PRESS THAT THEY HAVE AN ISSUE WITH THE OIL AGREEMENT AND THAT THE PREVIOUS GOV CAUSED THE ISSUE BUT NOW THEY ARE AGREEING.  THEY ARE ANNOUNCING THAT THEY HAVE COME TO AN AGREEMENT ON THE DISTRIBUTIONS ACCORDING TO REPORTS I HAVE.  [ IS THE VOTE ON SCHEDULE FOR THIRSDAY FOR HCL?]    THE MONEY BEING SENT IS ON THE SCHEDULE...MONEY TO BE SENT TO KURDISTAN WILL BE DONE ON THURSDAY. 2-25-2015   Newshound Guru Kaperoni    I am not expecting much at the start..maybe a few dinar from 1166 to 1160 or so. Parliament has work to do to get the economic train moving down the tracks...IMO, this will start slow and progressively get better as investment and economic progress takes hold. This is not some overnight event. Remember the CBI said just a few months ago that they have slated 4 years for the process.2-25-2015  Newshound Guru LJ  [via KJWayne]   the "stability" we are looking for is to have LAWS, not the "stop blowing things up" kind of stability.  ...some of the laws cannot be done in that basket and will have to be passed separately...they amended changes to the oil and gas law to make the Kurds happy...HCL is NOT done...if we get to June and no changes have taken place regarding the Sunnis and Kurds, things will not look so pretty. 2-25-2015   Newshound Guru STRAIGHT TALKING MIKE   [via KJWayne]  ...the C.B.I. stopping the auctions...what this does is it forces everyone (the citizens) to go to the banks now and start using them...they want the banking system up and going and ready to go and that they are basically there...the auctions stopping is NOT a precursor to an rv...this was a great step for the C.B.I. in moving forward...we need the Investment Law in place to start to help out the bank side of things...stopping the auctions basically puts a stop to the money exchangers on the streets. They are strengthening the banking system now for people to start trusting the banks. This should cut out a lot of the corruption in the banking system...once they get through there crisis with the Kurds...they will start to focus on passing Laws.  [IMO] there will never be another (currency) investment like this ever again!2-25-2015   Newshound Guru My Ladies   BUT IT IS REASONABLE TO ASSUME THAT SINCE THE ENTIRE REVENUE OF THE BUDGET IS BASED ON OIL THIS TIME THAT THERE WILL NEED TO BE A CONVERSION RATE FOR MONEY COMING IN BEFORE THEY CAN BEGIN SENDING MONEY OUT. NOW I DO NOT WANT ANY OF US TO GET STUCK IN A 24 HOUR WHEEL SPOKE BECAUSE THAT IS NOT WRITTEN ANY WHERE. BUT WE DO KNOW THAT THE MONEY IN NEEDS TO HAPPEN REASONABLY SOON. I ASSURE YOU 100% THAT NO ONE IS HIDING ANYTHING...IRAQ IS A COUNTRY...NOT A GAME OF HIDE AND SEEK. THEY ARE SHOWING US EVERYTHING WE NEED JUST TO KNOW WHERE TO LOOK AND PUSH ALL THE HORSE FEATHERS ASIDE TO SEE IT.  THINGS ARE VERY GOOD ...VERY VERY GOOD...WE HAVE WHAT WE NEED THE BUDGET AND THE AUCTIONS AND NOW WE JUST WATCH AND WAIT.   [post 2 of 2]2-25-2015   Newshound Guru My Ladies  THE PROCESS CONTINUES...THERE IS NO WORDING IN THE CONSTITUTION THAT SPEAKS TO FUNDING THE BUDGET PER SAY. HOWEVER IT IS IN THE CONSTITUTION THAT AFTER 24 HOURS OF PUBLICATION IN THE GAZETTE ANY PRINTING BECOMES LAW.  SO FOLLOWING THAT IT IS REASONABLE TO ASSUME THE BUDGET IS LAW IN 24 HOURS FROM LAST NIGHT.   WITH THE BUDGET BEING LAW IT IS REASONABLE TO ASSUME THEY WILL NEED TO GRADUALLY BEGIN FULFILLING OBLIGATIONS IN THE BUDGET.  IT IS UNREASONABLE TO ASSUME THAT THE ENTIRE AMOUNT OF THE BUDGET WILL BE FUNDED IN 24 HOURS AS IT IS A 52 WEEK BUDGET, SO IT HAS MONEY IN AND MONEY OUT CONTINUOUSLY.  [post 1 of 2....stay tuned]2-25-2015  Intel Guru TNT Tony  [via Adept1]   Yesterday you saw the budget was fully publicized. We got the same information:  it is fully publicized, and it was signed off two weeks ago.  We had a guy who actually walked over, took a look at it, and said this:  Just reviewed the Budget that was published today.  We are getting closer.  It is not yet complete. At least the portion put out for the public today was not complete.  The number of subsections that are not publicized is down to 17 – they have been signed off, but not put out for the public yet.  Sections not published include the HCL, tariff law.  Articles say they want it to take effect by 1. March, but it’s not publicized in this Budget, even though the Budget itself has been signed off.  These sections could come out any time between now and Saturday.  On television, they are telling the Iraqi people that this will be completed this week, and that is all we can really go by.  They also told them that when the banks re-open, they can exchange their currency at the new rate.  Our guy on the ground says that no banks are open in Baghdad at all, although a few are open in Kurdistan.  They are scheduled to open tomorrow. Our banks in the US have put their people on notice. This could happen at any moment. 2-25-2015   Newshound Guru Millionday   THEY HAVE A SIGNED PLAN BY THE WORLD BANK AND IT HAS NOT YET BEEN ACTIVATED -- THE ADOPTION OF THE MONETARY POLICY AND THE REFORMS WILL ACTIVATE THAT PLAN FOR IRAQ. THEY NEED TO GO OVER EVERYTHING TO MAKE SURE THE ACTIVATION OF THE MONETARY POLICY AND REFORMS ARE ALL DONE CORRECTLY.   THEY ARE STATING HERE THAT THEY HAVE BEGUN THE FOREIGN REMITTANCE SYSTEM -- THEY ARE MOVING FORWARD WITH THE PURPOSE OF THE BANK FOR THE STABILITY OF THE IRAQI DINAR EXCHANGE RATE AGAINST FOREIGN CURRENCY THROUGH EXCHANGE TO MEET THE NEEDS OF THE FUNCTIONS OF THE BANKING SYSTEM.  THEY ARE WORKING TOWARD THE REFORMS AND MONETARY POLICY BUT HAVE NO DATE AS TO WHEN.  THIS IS BEING STATED TO THE CITIZENS --VERY EXCITING. CBI IS SAYING THEY ARE MOVING FORWARD WITH MONETARY POLICY -- WHEN IS THE ??? THAT WE DO NOT KNOW.2-25-2015  Newshound Guru Adam Montana  [Do you think the Dinar will come out at 1166 in a FLOAT?]  I don't see them doing that...    [Do you think we will have RV by the first quarter (March 2015)?  Also saw articles in regards to the HCL and wondering is this the hold-up of the RV?]  I certainly hope we'll see the RV here in the first quarter, and yes the HCL is the holdup.  [The biggest news this week seems to be CBI stopping their daily currency auctions.] I love it when the CBI starts playing with things. It means they are getting ready to do something!  I have a feeling that I'll be getting some feedback here shortly, and at that time I'll do another "driveby" or formal post...With that said, I'm going to make this update short. Until that next post... hang tight, my friends! I'm just as eager as you are for some great news, and it looks like we're closing in!  [post 2 of 2]2-25-2015  Newshound Guru Adam Montana   This week is an interesting one. The budget is 100% done, which is exactly what we want. The CBI is mucking around with their auctions... and there's a ripple effect happening right now, which will have an impact on the ISX and a lot more... but the fact that the CBI is changing things up has me asking questions, and I'm getting some VERY interesting responses.  [ it appears that the budget has been passed and published in the Gazette. You have always talked about hca, budget, hcl and then rv.  Would the hcl language be covered in the passed budget or should we be looking for an explicit law that will be passed and then also published in the Gazette?]   It does appear that there was HCL-specific text in the budget, but the HCL has to be passed on it's own. In other words, the budget supports the HCL, but the HCL will be a completely separate deal. With any luck, it will be dealt in short order!  [post 1 of 2....stay tuned]2-25-2015   Newshound Guru My Ladies   THE BUDGET IS PUBLISHED.  WE HAVE SOME CLARITY ON THE AUCTIONS, THEY HAVE NOT STOPPED ALL TOGETHER. THEY JUST STARTED USING THE NEW MECHANISM TODAY APPARENTLY, AND WHAT THE NEW MECHANISM IS HAS TO WITH HOW DOLLAR IS PURCHASED. THEY ARE TRYING TO ELIMINATE MONEY LAUNDERING SO YOU CAN NO LONGER JUST SHOW UP AND MAKE EXCHANGES IN CASH OR DINAR.  THEY WILL SELL THE DOLLAR AS FOREIGN CURRENCY FOR THE PURPOSES OF TRAVEL MEANING IN LIMITED SUPPLIES AND WITH A PAPER TRAIL, YOU NEED TO HAVE A WHAT THEY CALL MONEY ORDER IN ORDER TO PURCHASE ANY CURRENCY.  THE CENTRAL WILL LIMIT THE TOTAL SOLD DAILY TO 75 MILLION AND THERE WILL BE A TIGHT PAPER TRAIL. 2-25-2015   Newshound Guru Millionday    [Do we know for sure the whole budget has been printed in the Gazette?]   THEY STATED IT WAS...HERE IT IS  "Number (4352) to ensure the doors of the budget disbursement for fiscal year / 2015 Iraqi Gazette newspaper published the general budget of the Federal Republic of Iraq"  BOTH CHAPTERS... THIS IS THE FORMAL SITE...THERE IT IS.2-25-2015   Intel Guru Frank26   They are working on the math right now and they don’t want you to see anything right now. The budget is set at $60 a barrel. Anything past $60 a barrel is going to be fantastic!   iTeam was called back from SA  for a specific role...to protect Shabbi  (in doing so you protect the budget) ...mathematics orchestrated by Shabbi.  We asked them  “Do you think the RI is in motion?”  Usually they don’t say but this time they said  “yeah...maybe.”  Please pray for them and their safety.  iTeam has told us that we have a “back-wall.”  That back-wall is a week from [Monday]. The budget is at 1166  and that’s ok because that is the only way they could open the budget ...they have to activate the laws.  We are looking for a law...the one on March 1st...tariff and tax laws...perhaps a rider to be “activated” on March 1st.  iTeam says  Shabbi will not talk...he is there to complete the budget...but it’s all contingent on the taxes and tariff laws coming out  [approximately]  1st of March.  Shabbi will have the budget retro back to January 1st once ACTIVATED.  The date and the rate will come at the same time  in the still of the night  most likely on a Tuesday or a Thursday.   Iraqi TV..on the TV...ticker tape shows they are getting ready.  [post 2 of 2]2-25-2015   Intel Guru Frank26   Most alphabet agencies are still in Iraq.  The World Bank did a lot of work last week. The BIS did a lot of work this week. The CIA was in Iraq (as reported in the press) and other related agencies that protect and help out. Everyone knows what is about to happen with Iraq.  There is a UNITY in the middle east...working together. Amazing. THREE FACTORS will affect our investment.  #1 – The American Dollar going up in value.  #2 – The American Economy going up  #3 – Oil prices will go down.  All 3 occurred and helped to accomplish the mission...laws in the budget (over a thousand of them) needed to be in place to ACTIVATE the budget. The HCL is my favorite. The budget approved, passed, signed  and in the hands of the Gazette.  Forget about the dates things should appear in the Gazette.  The budget is published  and will be shown to the world at their [Iraq’s] pace. The laws are in the budget  but the budget is NOT activated. Published but not ACTIVATED.  [post 1 of 2....stay tuned]2-25-2015   Newshound Guru Enorrste   The foreign remittances issue means that dollars can still be had by locals, IF they can find foreigners who will accept the dinars in trade.  This is the crux:  getting the dinar to be accepted as an international currency.  It could be a jerky road, but I think that the CBI is convinced that there is sufficient backing of their currency to see this through.  Hold on to your hats!  The next few turns could be scary.  [post 2 of 2]2-25-2015   Newshound Guru Enorrste   Article:   "Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers"   Can you imagine the reaction of a local Iraqi businessman when he goes to the bank to buy some dollars and is told that they don't have any?  What else could he do except use dinars, right?  Talk about turning the tables quickly!  Sure, some will find ways to get dollars from other sources, but not nearly enough.  Eventually, and probably sooner rather than later, people will realize that they have to use their own currency.  This will stabilize the market, at which point the CBI will be in position to allow the float.  As some have suggested, they may not even make a big thing about it.  The value of the dinar will just begin to rise, and the official rate will rise with it.  Of course at some point they will have to drop the fixed official rate.  [post 1 of 2....stay tuned] 2-24-2015 Dinar Guru News Flash *** UPDATE *** The gurus are reporting a partial 2015 budget was published in the gazette yesterday (part of it was held back in secret) AND the CBI did stop currency auctions.  Both MAJOR moves.  As you see in the Dinar Guru Resource Bar on the left of this page...the official CBI rate has not changed.  The gurus are not clear what the full ramifications of these major changes will be or how they will publish the remainder of the budget...stay tuned as these super exciting stories unfold!  If you are not on the official Dinar Guru Alert List now is a fantastic time to do so...it's free as always...get on the list by clicking here now... [the latest guru updates will continue below] 2-24-2015   Newshound Guru Tlar    Article quote:  "Prime Minister Dr. Haider Al-Abadi recently received in his office the director of the World Bank ...On its part the delegation of the world bank expressed its intention to provide all kinds of support to Iraq and its readiness to establish programs and projects to activate public Banks, cooperate with the Iraqi Central Bank..."   This is the same thing the WB did in 2010 and again in 2012.  They said they would support the CBI and their deletion of the zero program with all tools necessary including loans.  Maliki stopped it then but there is nothing standing in their way now except fear itself.  This time they have committed and must follow through or not doing it could harm both their economy and their banking system.2-24-2015   Intel Guru TNT Tony   The full budget is published.  It could happen at anytime.2-24-2015   Intel Guru TerryK   THIS IS OUR WEEK...SINCE CHINA BACKED IRAQ INTO A CORNER TODAY AND SAID PLAY NICE WITH CBI AND CBI SAID OK ...IRAQ CAN SUPPORT A UPPER RATE SURPASSING THE 8.16 MARK I HAVE BEEN TALKING ABOUT...KEEP IN MIND THAT THEY WILL GO INTO A FREE FLOAT AFTER A PERIOD OF TIME.  VND IS LIVE NOW...THEY WILL DO AN ADJUSTMENT THIS WEEK.  HEARING JUST OVER 1.00 ON VND... THEY ARE TRYING TO GET TO 2.21.2-24-2015   Newshound Guru sczin11    THE TARIFFS MAKE NO SENSE AT THEIR CURRENT LEVEL OF DINAR VALUE...WOULDNT PAY FOR THE PAPER THE BUDGET IS PRINTED ON.  THEY MUST HAVE A TRUE VALUE, AND THEY HAVE COUNTED ON THE REVENUES FROM THESE TAXES TO REDUCE THEIR BUDGET DEFICIT.  THEY HAVE USED FORMULAS TO ESTIMATE THE REVENUE BASED ON THE NUMBER OF DAYS LEFT IN THE YEAR...BASED ON WHATEVER DATE THEY CHOSE TO IMPLEMENT, ACTIVATE, FUND THE BUDGET...THERE IS NO GOING BACKWARDS, AND THEY CANNOT ADD DAYS TO THE YEAR. THE BUDGET ONLY GOOD FOR THE YEAR...POSTPONING WILL BANKRUPT THE COUNTRY...THEY WILL IMPLODE.  ...I FEEL THEIR PLAN IS IN PLAY.  THEY KNOW THE CBI MUST PROVIDE THE KEYS TO THE CAR...THEY HAVE NOT COME THIS FAR TO DERAIL!2-24-2015   Newshound/Intel Guru Randy Koonce   3rd is the banks are not getting the large bills for the last 2 weeks.. So this tells us all is ready to change the rate...and the question is will they do it...4th the salaries for Iraq to be paid.. the finance minister wants to pay salaries they cannot do that without a rate change.  So the next few days are very big and tremendous pressure...So if Obama agrees that Iraq needs this done, we are out.  Can something go wrong, yes but given everything that is going on we know this should be over very soon...the Auctions give us the timeline.  if they get 10 days, each day after that would be tremendous pressure until they do it...And if they start the auctions up again.. we will have to wait longer.   Pray very hard that they do not start the auctions.  We are close.. Every large bank will exchange...Breathe...   [post 2 of 2]2-24-2015   Newshound/Intel Guru Randy Koonce   Again No one has cashed in. There are no #800 numbers no groups that you have to get in...Let me say where we are at this time... The pressure that was suppose to come in the 1st of February is just now getting there.  1st pressure point is the budget passed and being posted in the gazette...(this also enacted the tariff laws article 33 which was in the budget. They need an weighted currency that is international to use the tariffs... every time they were going to start the tariffs they just moved them... well the budget being passed prevents iraq from moving the date... it still has not set the date.  2nd pressure which is very big is the auctions have been stopped. (so the only way for Iraq to generate money is Auctions or Bonds and they cannot do the bonds until they have a currency above 0). From Last sunday Iraq can go about 10 days without having the auctions or Bonds...can they restart the auction,  yes...but why stop them just to restart them...so this is another pressure point...  [post 1 of 2....stay tuned]2-24-2015   Intel/Newshound Guru Backdoc   WITH A BUDGET WAITING TO BE FULLY IMPLEMENTED WE ARE IN A GREAT SPOT!   EVERY DAY THERE IS NO CASH THE ECONOMY GETS TIGHTER AND TIGHTER! THE HUNGER FOR CASH WILL GROW UNTIL BING BAMM BOOM IS RELEASED IN ONE BASKET! WITH A FRENCH AIRCRAFT CARRIER HANGING OUT FOR SUPPORT, THE UST BOYS PUTTING THE HOUSE IN ORDER AND A HEIGHTENED LEVEL OF ATTACKS ON DASH WE ARE SPRINTING TO THE FINISH LINE!    AS I RECALL WE HAD ARTICLES CONFIRMING THE TARIFF AND TAXES LAUNCH ON MARCH 1ST?  AS I SEE IT WE NEED TO SEE A RATE ON OR BEFORE THAT DATE OR IRAQ WILL SIMPLY SIT AND WAIT DEAD IN THE WATER TILL THERE IS ONE!   [post 2 of 2]2-24-2015   Intel/Newshound Guru Backdoc    IMO GREAT INFO THE PAST FEW DAYS AS WE SEE THE MANY THINGS COME TOGETHER LIKE A HAND IN A GLOVE!  I LIKE THE COMMITMENT OF CROSSING THE LINE IN THE PROVERBIAL SAND ON STOPPING OF THE AUCTIONS!  "A NEW MECHANISM" IS NOW THE NEW ORDER!" NOT ONLY DID THEY STOP BUT FOR SOMETIME BEFORE THEY STOPPED WE SAW LOWER NUMBERS!  VERY CLEVER AS THE CBI BEGAN EARLY TO BLEED THE DOLLARS OUT OF THE PUBLIC FLOAT AS WE SAW COMPLAINTS OF LACK OF CASH DINARS AND DOLLARS!  [post 1 of 2....stay tuned]2-24-2015   Intel Guru Frank26   I LOVE WHEN THEY HINT! Of course they do.  It's called  the 4th part of the HCL and is buried in the 2015 budget. LAWS and NEW MATH are turning the budget from 11 years as a caterpillar to a Butterfly.2-24-2015   Newshound Guru Millionday    IRAQ IS OFFICIALLY TRYING TO JOIN THE ORGANIZATION THAT PROTECTS COUNTRIES FROM TAX EVADING THAT HAS JUST RECENTLY BEEN OUT IN PLACE -- MEANING IT WILL NOT BE A TAX HAVEN FOR US CITIZENS OR ANY OTHER COUNTRIES.  THIS MEANS THAT THEY ARE PUTTING INTO PLACE THE LAWS THAT KEEP AMERICANS ETC FROM HAVING ACCOUNTS OF CASH THAT THEY DONT PAY TAXES ON WITHIN THE US ETC.  ...I SAY THIS IS HUGE -- WHY WOULD THEY NEED THIS TO BE APPLIED AND BE A PART OF IT UNLESS THEY WERE GOING TO BE INTERNATIONALLY RECOGNIZED? WHOOOPOW.2-24-2015   Newshound Guru Tlar  Article quote:  "Mostafa Hashemi raised the issue of a study on Iraq's accession to Vta agreement...discussing the Ministry of Finance this issue with the government banks and the taxes and insurance companies."  known "Alvta" which is an acronym for Foreign Account Tax Compliance Act as measures limiting evade US citizens from paying taxes to the government..." I wonder if the fact that Iraq has not signed off yet to FACTA that this might be a reason to hold them up until they do?   Is the US muscling them into signing by not letting them finish their conversion until they do?  To our treasury department, this is a very important issue because of all the tax it stands to collect from this unique, one time event.  There is only one way that the Treasury can be assured of getting a handle on this and that is to get a complete accounting of any US citizen attempting to cash in Iraq by opening an account.   Just a coincident that these two events, Iraq looking as if their stalled in their transition and the FACTA issue being brought up at this time.   Might these things be connected? 2-24-2015   Intel/Newshound Guru tman23   Article quote: "{Baghdad: Euphrates News} central bank, announced Tuesday, to stop work and currency auction system"...AND...begins remittance system...THIS IS THE WHISPER OF INTERNATIONAL!2-24-2015   Intel Guru TerryK   TALKED TO TWO SOURCES THIS AM AND THEY ARE BOTH TELLING ME ANY TIME. 2-24-2015   Newshound Guru Millionday   [Did we get confirmation that the rest of the budget got into the Gazette?]   YES THEY ANNOUNCED THAT THE ENTIRE BUDGET HAS BEEN PRINTED --- ACCORDING TO A COUPLE REPORTS...SO ACCORDING TO THEM IT HAS AND IS TO BE ACTIVATED NOW AND DISTRIBUTIONS WILL BEGIN THE BEGINNING OF THIS WEEK.  [ if the whole budget has been placed in the Gazette, doesn't that mean that the CBI has to fund it in the next 24 hours?]   NO IT MEANS THAT THEY WILL BEGIN AND THEY HAVE STATED THAT THEY ARE AT THE BEGINNING OF THIS WEEK.2-24-2015   Newshound/Intel Guru BGG   to address...ISIS being some "hold-up" - my info and sense might lead me to the exact opposite conclusion - ISIS may well be a "catalyst factor" to a more immediate RV...  further - I am suspicious the budget has been "slow walked" because they just don't have the $$...some time ago I mentioned they had applied for loans everywhere - knowing this was coming. It may be they haven't gotten the support they need to "cover" (which I'm thinking is the case) and had to "slow the process"...2-24-2015  Newshound Guru Millionday   ABADI IS TAKING CARE OF THE HCL -- FINISHING THE AMENDMENTS ACCORDING TO THE MEDIA.   IRAQ AND KURDISTAN HAS ACCEPTED WHAT HE HAS AMENDED.  THE AGREEMENT THEY MADE IS APPLIED IN THE NEW AMENDMENTS.  IT CONTAINS THE DISTRIBUTION OF WEALTH AS AGREED -- GREAT NEWS.   THE LAW WAS SENT TO PARLIAMENT AS IS EXPECTED TO BE VOTED THROUGH.  [do you think oil & gas law will be in parliament tomorrow (Tuesday)?]  THEY STATED THAT WHEN IT WAS READY THAT THEY WOULD BE HAVING AN EMERGENCY MEETING SO EVEN THOUGH IT IS NOT ON THE AGENDA...-- I WOULD NOT BE SURPRISED AT ALL.2-24-2015   Newshound Guru Chattels   yesterday much was made of the HCL being "done".   It is NOT done.  It may get done, but there is work remaining. 2-24-2015   Newshound Guru Tlar   ...if they want the Iraqi's to trust banks again, they better not drag this out.  This cannot continue for days ...I don't know what the holdup is but they better do it in the next couple of days or...reverse everything and re-start the auctions immediately...they can't stay where they are.  They need to pull the trigger now before people loose total trust in the banks again and all the goodwill they have been attempting to install in the population is destroyed.  ...my thoughts on the staging rate has never changed.  I think it will be a managed float from a staged rate.  That is what the 2008 Stategic Study suggested to the CBI as part of their summary.  I believe the Study is what they are following but that the rate suggested in it has been modified to fit the new facts on the economy and changes since 2008.   2-24-2015   Newshound Guru Enorrste   Furthermore...this change by the CBI allows for freely convertible currency between countries.  This gets us very close to an internationally tradable currency.  I am not sure that the dinar is quite to that point yet, but certainly it is heading in that direction.  If we see it begin to be traded electronically instead of only physically as we have gotten our dinars, then the currency will be truly freely convertible.  ...if they do not change to a flexible exchange rate regime once this gets rolling then Iraq will begin to suffer inflationary pressures.  Therefore we may reasonably expect them to change the exchange rate regime in the near future.  [post 2 of 2]2-24-2015   Newshound Guru Enorrste  Article quote:  "the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it."    Iraq is under the protections of Article XIV which prevents other countries from suing it for war reparations or anything else, for that matter.  Under this Article there are also restrictions placed on Iraq with the IMF.  However, all of the "big boys" are under Article VIII, which allows full international commerce, banking, etc., including the right to sue if necessary.  It is necessary for Iraq to move to Article VIII if it wants to open commerce completely.  At this point, some companies and/or countries are leary of investing in Iraq because if something goes wrong they have no recourse.  Opening up to foreign remittances goes a long way toward getting Iraq ready for Article VIII.  ...foreign remittances acceptance means that people can move funds freely back and forth.  This means that if a foreign company wants to invest in Iraq it will have the ability to send home the profits.  This is huge.  [post 1 of 2....stay tuned] 2-23-2015   Intel Guru Delta    CBI will fund Budget by...de-dollarizing with lower denoms...removing remaining USD for lower IQD's...and to do so the rate must change...  Date...in the still of the night; on a Tuesday or a Thursday.    2-23-2015   Intel Guru NOVA   There is only two choices for the CBI, because as of yesterday the value of the IQD IS ZERO!!! No Auction and No Exchange Rate. That Tells Me The Value Of The IQD IS ZERO.  SO THEY EITHER START THE AUCTION AGAIN AND SET A BUY /SELL RATE OR GIVE US THE EXCHANGE RATE.  WHICH ONE DO YOU THINK THEY’RE  ABOUT TO DO?  We Really Are At The End!!2-23-2015   Intel Guru DC   Everyone fully anticipated this going down. . . people in key places showed up thinking this was real.  CURRENT WINDOW:  After 4:00 pm today still is a possibility. Banks were closed this weekend to do last minute accounting.  Doing that because they think it’s now...everything else ready to go.  US waiting on Iraq. International rate and market rate are the same. The Dinar RI rate expected to be around $3.22 - $3.95. Contract rate is backed by China and the rate ranges from $.50 to $38.50.  Dinar contract rate is capped at 20 million dinar. we will have running chance at contract, as long as pool is available ...don't know how much.  All currencies expected to go at the same time.2-23-2015   Newshound Guru My Ladies  THE CBI HAS BEEN CLOSED...NO AUCTIONS, NO MONEY IN AND NO MONEY OUT...THAT SPELLS CLOSED TO ME.  THIS CLOCK IS FOR SURE TICKING DOWN...THEY ARE ALMOST READY TO IMPLODE NOW...I'M NOT SURE HOW MUCH LONGER IT WILL BE.  Article quote:  "The decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government," noting that "the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar." THEY ARE SAYING IN SHORT HAND WE ARE DONE NOW.  [post 2 of 2]2-23-2015   Newshound Guru My Ladies   EVERYONE IS CALLING AND TEXTING AND FIXATING ON THE BUDGET TODAY...AND TAXES...WELL FOLKS WHO THE HECK CARES ABOUT THE BUDGET? WE SHOULD NOT BE HERE TO SEE THE EXPENDITURE SIDE OF IT ANYWAY.  THIS IS MUCH BIGGER, MUCH BIGGER...LOOK AT TIMING...UST IS IN IRAQ! THIS POINTS TO  INTERNATIONAL FOR SURE, IF NOT RATE CHANGE...UST DOES NOT CARE ABOUT SOMETHING THAT IS NOT TRADEABLE...FACTA IS FALLING INTO LINE IN IRAQ.  [post 1 of 2....stay tuned]2-23-2015   Intel Guru TNT Tony  There is superfantastic information!  Something could happen after 4:00 pm today.  They...expected all of us in the bank today.  ...everybody was ready to move.   getting text messages that "Gazette is fully published at this point."  ...they are absolutely ready to go.  If they published entire thing in the Gazette they are absolutely ready to go.  2-23-2015   Newshound Guru Enorrste    ...once the CBI changes its exchange rate regime from a fixed rate to a floating rate then, ipso facto, the official rate becomes the street rate.2-23-2015  Newshound Guru Millionday  THE BUDGET HAS BOTH CHAPTERS POSTED IN IT ACCORDING TO NEWS.  [If the budget is complete ...now it'll go international...within 24/48 hrs?]  THEY HAVE NOT SAID HOW LONG BUT THEY HAVE MANY AGREEMENTS THAT ARE PART OF THE ECONOMY.   THE HCL IS ACCEPTED AND COMPLETE AND ALSO BEST OF ALL CONSTITUTIONAL...THE KURDS WILL BE GETTING THEIR FUNDS FOR OIL AND THE CITIZENS THAT WILL RECEIVE AS WELL...SO NOW IT GOES TO PARLIAMENT -- EXCELLENT NEWS...PARLIAMENT RETURNS TOMORROW.   [do you think it is tomorrow parliament HCL?]   I THINK IT IS IN A HUGE RUSH AND MAY BE HANDLED TOMORROW -- WE HAVE SEEN REPORTS THAT SAYS WHEN IT IS READY THEY WILL DO AN EMERGENCY VOTE ON IT.2-23-2015   Intel Guru TerryK   [the second part// its all in the gazette now//]  TOTAL...ALL OF IT... SO WE ARE PRETTY MUCH DONE.2-23-2015   Intel/Newshound Guru tman23  The strange thing is that the 2015 Budget could have been published in the Gazette all at one time...And a commencement order by Abadi to enact only certain parts and given a date of future for others...This is the NORMAL...BUT...they didn't do it this way which makes it sooooo strange...2 Possibilities exist...One is could there be more issues between Erbil and Baghdad that may exclude some portions of the Budget ...well once again Abadi could just work with commencement orders...The 2nd speculation could be the numbers actually change...The CoM meets tomorrow and then 3/2 being the next...We need to see what comes out tomorrow from the CoM...and will there be any implementation orders issued.2-23-2015   Intel Guru TerryK   IRAQ IS GOOD WITH THE HCL...THE KURDS HAVE NOT SIGNED OFF ON IT YET.   [do you think we are ever going to be through?] THIS WEEK IS WHAT I WAS JUST TOLD BY A SOURCE.   [do you think VND will go up in value before dinar?]  IM HEARING AT THE SAME TIME...SAME BASKET OF CURRENCIES.2-23-2015   Newshound Guru sczin11  I MAINTAIN IF TARIFFS ARE TO BE IMPLEMENTED NEXT MONDAY, WE SHOULD KNOW SOMETHING BY THEN...THEY CAN NOT CONTINUE TO DELAY, OR THE BUDGET DEFICIT WILL INCREASE.  THEY NEED THE REVENUE FROM TARIFFS AS PART OF THEIR ATTEMPT TO BALANCE BUDGET...PART OF THEIR BUDGET DEFICIT REDUCTION PLAN...NEVER HAS IT, THE TARIFFS, BEEN MORE CRITICAL TO THE NEW IRAQ...AND IF THEY DELAY IMPLEMENTATION, THEY CANT MAKE UP FOR LOST DAYS OF REVENUE.   I BELIEVE THE MR [MONETARY REFORM]  PLAN IS IN MOTION, AND WE NEAR ITS END.2-23-2015   Newshound Guru Enorrste    As I see it, the CBI is giving up the fixed exchange rate so that it can seek free capital movement and an independent monetary policy (2 of the three mentioned above).  This seems pretty evident to me based on the Mundell-Fleming Model mentioned above.  They must give up one.  They certainly won't give up their independence on monetary policy, and they are seeking free movement of capital.  Ergo, the fixed rate regime must go.   I am on record that it will begin within the next 15 to 45 days.  Others...think it may take until August.  I am arguing here for a sooner rather than later date for the reasons I have indicated.   [post 2 of 2]2-23-2015   Newshound Guru Enorrste   The following is a quote on floating exchange rate systems:  "The debate of making a choice between fixed and floating exchange rate regimes is set forth by the Mundell–Fleming model, which argues that an economy (or the government) cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy. It must choose any two for control and leave the other to market forces." "The primary argument for a floating exchange rate is that it allows monetary policies to be useful for other purposes. Under fixed rates, monetary policy is committed to the single goal of maintaining exchange rate at its announced level. Yet the exchange rate is only one of the many macroeconomic variables that monetary policy can influence. A system of floating exchange rates leaves monetary policy makers free to pursue other goals such as stabilizing employment or prices."   [post 1 of 2....stay tuned]2-23-2015   Newshound Guru Tlar   They still officially have not put out the whole budget.  To my knowledge they have not put out the spending side of the budget as of late yesterday.   I think this is a very calculated move...  March 1st is the taxes and tariffs. ...the CBI does not have the tools for the budget at 1166 and...an RV is the only option left for them.  They are boxed in so to speak.  Logically speaking from what we think we know at this time, they don't have enough dinars on hand to open their budget without using the LD's.  If they don't RV they will have three choices only IMO with which to fund this budget.  Re-release the counterfeitable notes...  Second, quickly order and print more of the uncounterfeitable notes... Third...They fund their budget with USD which would mean restart the auctions continuing as they have done in the past.  I will not begin to worry or get nervous unless they publish the spending side of the budget and it is at 1166, and then they disburse the funds at 1166.  Until then I am comfortable with what's going on and the feeling THIS IS IT AND MARCH 1ST IS NOW THE LAST BACKSTOP. 2-23-2015   Newshound Guru Millionday   [Is there any ink on a constitutional timeframe requirement to open (fund) the budget once it is published in Gazette?]   I KNOW THAT 24 HOURS PAST SIGNING WHICH THEY DID NOT FOLLOW SO I BELIEVE CORRECT IS WHAT THEY ARE SHOOTING FOR -- THEY MADE IT VERY CLEAR THAT THEY ARE WORKING WITH A TIMELINE IN THE MEETING OF THE THREE PRESIDENTS SO THIS WILL HAVE TO BE APPLIED ACCURATELY MORE THAN BY WHAT IS WRITTEN IMO. THEY NEED TO HAVE EVERYTHING PREPARED FOR SUCCESS. THIS PLAN FOR IRAQ IS HUGE -- IF THEY ARE NOT PREPARED IN ONE AREA OR THE OTHER -- SUCCESS TRUMPS ALL.  THE PRINTING OF IT HAS BEEN ANNOUNCED TO ALL CITIZENS AND THE PRESSURE FROM THOSE SAME CITIZENS WILL BE GREAT -- THEY NEED JOBS AND ALSO TO SEE IRAQ MOVING FORWARD -- THIS GOV SEEMS TO SEE AND KNOW THAT AND ALSO SEEMS TO BE WANTING THE BEST FOR IRAQ...ABADI IS A GREAT PM IMO.2-23-2015   Newshound Gruu Chattels  Indicative rates - 23.02.2015 with no relevant change for us and no auction results since 19-02 -2015.2-23-2015   Newshound Guru Millionday    CBI HAS STATED THAT THEY ARE GOING TO STOP THE AUCTIONS FOR FOREIGN REMITTANCE AND THAT WOULD REQUIRE INTERNATIONAL ACCEPTANCE AND ALSO IS PART OF THE MONETARY POLICY PER THE REPORT -- THE BUDGET HAS BEEN PRINTED BUT THE REVENUES AND THEY HAVE DIVIDED THE BUDGET INTO TWO CHAPTERS -- WE DONT KNOW IF THIS IS BECAUSE OF THE DISTRIBUTION OR FOR ANOTHER REASON UNLESS WE GUESS AND WE ARE NOT GOING TO DO THAT ...THEY ARE NOT AND I REPEAT -- ARE NOT GOING TO RELEASE EVERYTHING BEFORE IT IS DONE.   ...WHAT WE KNOW AND CAN SEE...THE BUDGET IS DIVIDED INTO TWO CHAPTERS -- AND DISTRIBUTION IS EXPECTED THE BEGINNING OF THIS WEEK -- WE HAVE TOMORROW A MEETING WITH PARLIAMENT AND ABADI...WE HAVE AMENDMENTS BEING DONE TO THE INVESTMENT LAWS PER REQUESTS BEING GIVEN TO THE GOV.   I HAVE TO SAY -- THIS ALL LOOKS VERY POSITIVE...THEY ARE SHOWING HUGE PROGRESS THAT WE HAVE NOT SEEN BEFORE. 2-23-2015   ***  Dinar Guru NEWS FLASH ***  Multiple Intel and Newshound Gurus are all pointing to Sunday and Monday as pivotal days for the future of the dinar...they are reporting the budget is to be published, the CBI is making huge procedure changes and other international banking updates...Guru Millionday sum it up...WE STILL DONT HAVE A DATE OR RATE BUT CBI IS MAKING HUGE CHANGES THAT THEY HAVE BEEN WORKING ON FOR THEIR REFORMS AND WE SHALL SEE WHAT COMES OF THIS AND WHAT IMPACT IT HAS TO ALL THE VALUES OF THE IRAQI DINAR DUE TO THIS CHANGE...we don't know if all this happening at one time is coincidence or if there is something to the timing...stay tuned as this super exciting story unfolds over then next 48 hours!  If you are not on the official Dinar Guru Alert List now is a fantastic time to do so...it's free as always...get on the list by clicking here now... [the latest guru updates will continue below] 2-22-2015   Intel Guru TerryK   WELL I DON'T MIND TELLING YOU ALL THAT I'M PRETTY EXCITED...WE HAVE SOME BUDGET PUBLISHED.   HEARING THE OTHER PORTIONS COULD BE AS SOON AS TOMORROW.  THINGS MOVING FAST IN IRAQ.2-22-2015   Intel Guru Frank26    [In order to enact or implement the Tariff Law by march 1, they must have a new rate? Correct?]   Yes but REMEMBER...As they are doing with Budget...So they can do with March 1st. They are NOT breaking any rules.  Just Your heart for taking it slowly.   IMO...This is wise. 2-22-2015   Newshound Guru sczin11   I MAINTAIN NEXT MONDAY IS A BACKWALL FOR VERY TELLING INFO...THE TARIFFS ARE TO BE IMPLEMENTED BY THEN, AND THE NEED TODAY MORE THAN PREVIOUS YEARS, IS THAT THEY HAVE BEEN FIGURED INTO THE BUDGET DEFICIT REDUCTION PLAN, THE TARIFFS THAT IS... TARIFFS AT THE CURRENT RATE TELL ME IRAQ WILL IMPLODE AND RETURN TO TRIBAL LEADERSHIP, JMHO.  SO NOW WE SEE WAIT THE NEXT FEW HRS, DAYS BRING...WILL THEY IMPOSE TARIFFS NEXT MONDAY? WILL THEY PUBLISH EXPENDITURES INTO THE GAZETTE? WILL THE CBI PROVIDE THE GO GO JUICE SO MOP AND MOFS CAN IMPLEMENT THE BUDGET?   [post 2 of 2]2-22-2015  Newshound Guru sczin11  IF IN FACT IT IS TRUE, THAT THEY HAVE WITHHELD THE EXPENDITURES PART OF BUDGET FROM THE GAZETTE...CAN ONLY MEAN ONE THING, IMHO, THEY ARE NOT READY TO FUND THE BUDGET...CBI NOT READY..OR GOVT NOT READY...SOMEONE NOT READY...THE GOOD NEWS, IMHO, THEY BETTER GET READY FAST IF THEY WANT TO IMPLEMENT TARIFFS BY NEXT MONDAY!  [they have delayed the tarrifs before. Why not now?]   THE ONLY EDUCATED ANSWER I CAN GIVE YOU IS THEY APPROVED A BUDGET BASED ON REVENUES FROM TARIFFS...IF THERE ARE NO REVENUES GENERATED BY TARIFFS, YOU CAN KISS THE NEW IRAQ GOOD BYE!  JMHO.  [post 1 of 2....stay tuned]2-22-2015   Newshound/Intel Guru BGG   ...the budget published and the CBI auctions being ended on the same day appears to be very good news. We should wait and see what the next few days brings.  2-22-2015   Newshound Guru Enorrste   Finally, since the vast majority of goods in Iraq are imported, this will affect the entire economy, not just a small sector of it.  Thus, the change in the exchange rate regime is, really, the only way to avoid massive inflation overnight.  If, as I suspect will be the case, the dinar is allowed to float, it will rise in value at least fast enough to offset the inflationary pressure from the tariffs.  My own view is that it will rise faster than the pressure from the tariffs and that there will be mild deflation in Iraq.  This will, then, with the imposition of the new system by the CBI, allow free access to Iraqi markets, which will bring in more investment quickly.  The new influx of money into Iraq from foreigners will offset the deflationary tendency from the imposition of the float.  Thus, all will work together at the same time to bring Iraq into "parity" with the world market.  I just cannot see how they can do one thing without the other (tariffs versus moving to the float).  [post 2 of 2]2-22-2015   Newshound Guru Enorrste   The implementation of tariffs in Iraq almost certainly will require a change in the exchange rate regime at the same time.  If the tariffs are implemented without a change in the currency regime, then prices in Iraq will go up overnight, literally.  I suspect that the tariffs could be imposed gradually, but I see nothing to indicate that this is what is planned.  On the other hand, the ...article that came out yesterday about ending the auctions tends to point to a major shift in strategy rather than a piecemeal movement toward openness.  That being said, I am of the opinion that the institution of the float will commence either with, or shortly after the imposition of tariffs.  Otherwise there will be inflation in Iraq, on the one hand, and an inability of the locals to purchase foreign goods, on the other, due to the rise in the prices of those commodities.  [post 1 of 2....stay tuned]2-22-2015   Intel/Newshound Guru Poppy3    TODAY IS AWESOME IN OUR INVESTMENT...IF YOU AREN'T EXCITED AT THE NEWS YOU SHOULD BE...BUDGET POSTED IN THE GAZETTE....I DIDN'T THINK THE NEW RATE WOULD SHOW TODAY BUT THEY HAVE TRULY SET THE STAGE FOR THEM TO RAISE THE RATE AT ANYTIME.  EXPECT CONTINUED REPORTS TILL LATE TONIGHT AND MANY MORE UPDATES TOMORROW ON ALL THE CHANGES THEY HAVE MADE TODAY.   THESE WERE NOT JUST ANNOUNCED THEY WHERE IMPLEMENTED.  THIS WAS THE ACTIONS WE NEEDED TO TAKE PLACE.  2-22-2015   Intel Guru Frank26   We told You the budget would open at 1166...And on this date ...Now watch the next step of this budget with The Laws in the comings weeks.  [Guru] DELTA told me yesterday that Iraqia TV is plastering the Budget and Economic Reform goals of the Budget to...THE CITIZENS.   Unless later today they shows us...Auctions have ended.2-22-2015   Intel Guru TNT Tony   Budget published for everyone to see...banks closed yesterday and today. History is being made.2-22-2015   Newshound/Intel Guru BGG  Now here's something a little weird - indicative rates listed on the CBI website are for 2.22  [2-22-2015] - however, the last auction shown is for the 19th...usually when they update the rate - they have the most recent auction listed as well...in such circumstances they don't usually post the indicative rates for the day until they do the current auctions...they update the whole site at once. It would also appear they have stopped the currency auctions.2-22-2015   Newshound Guru My Ladies   THE CENTRAL BANK AUCTIONS HAVE STOPPED AS THEY SAID THEY WOULD...THE EXCHANGING OF FOREIGN CURRENCY IS NOW UP TO THE INDIVIDUAL BANKS...BIG STEP BUT NOT QUITE BIG ENOUGH BECAUSE IT DOES NOT SEEM THEY ARE MOVING THIS PROCESS OUTSIDE OF IRAQ YET.  SO WHEN WE SEE THE AUCTIONS WITH ALL THE DIFFERENT CURRENCIES SOLD THAT IS BECAUSE THE CBI HAS BEEN DOING IT, BUT NOW WITH THAT JOB BEING ON THE INDIVIDUAL BANKS IT SEEMS TO ME THEY HAVE TO LEAVE THE BORDERS. SO WE ARE GOING TO SEE WHAT HAPPENS TOMORROW, THE DAY IS ENDED THERE ALREADY. TOMORROW THE WORLD WILL BE AWAKE AND READY TO PLAY.[post 3 of 3]  2-22-2015   Newshound Guru My Ladies   AS I THOUGHT THE FIRST CHAPTER MADE THE ERBIL AGREEMENT LEGAL...THE REVENUE PART OF THE BUDGET MADE THE AGREEMENT LAW BUT NOW THE KURDS WANT THE SECOND CHAPTER. THAT’S THE CHAPTER WHERE THEY GET PAID.  THE KURDS ARE DEMANDING THE SECOND CHAPTER OF THE BUDGET. THEY ARE THREATENING TO WALK AWAY AGAIN.  [post 2 of 3....stay tuned]2-22-2015   Newshound Guru My Ladies   Quote:  "The new issue of the Iraqi Gazette number (4352), and included separating the first estimate of the federal budget for the financial year / 2015 revenue of  $ (940,483,641,39) ninety-four thousand and forty-eight billion three hundred and sixty-four million one hundred and thirty-nine thousand dinars."    THE BUDGET HAS BEEN PUBLISHED BUT IF YOU READ IT CLOSELY IT SEEMS THEY SEPARATED THE CHAPTERS AND ONLY CHAPTER ONE HAS BEEN PUBLISHED WHICH IS THE REVENUE.   I THINK THEY PUBLISHED THE REVENUE CHAPTER AND THIS MADE THE AGREEMENT WITH ERBIL FOR PRODUCTION LEGAL...  THEY STILL NEED THE EXPENDITURE CHAPTER TO BE PUBLISHED. SO WE WAIT AND SEE WHAT THEY DO NEXT.  [post 1 of 3....stay tuned] 2-22-2015   Newshound Guru Chattels  No currency auction report as yet.  Indicative rates posted as of 22.02.2015 and without any relevant change.  The latest ( LAST ? ) daily currency auction was held in the Central Bank of Iraq on the 19-02-2015...if there is to be a currency auction report then it is late.2-22-2015   Newshound Guru Enorrste    Article quote:  “Governor of the Central Bank, explained that "It is not true that the central stays busy selling the currency like ATM daily", stressing that "the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it."   ...the definition of foreign remittances:  Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies'.  The CBI is stopping the auctions, effective tomorrow morning. This is a fact. We know that the auctions were the primary monetary tool that the CBI used to hold the exchange rate on the street within 2% of the official CBI rate for the dinar.  To summarize:  the auctions are ending, being replaced with foreign remittances. Foreign remittances are only possible with a freely convertible currency. A freely convertible currency is one that is internationally recognized.   In order for this to work, the CBI will have to move from a fixed rate regime to a floating currency or suffer from inflation.   Therefore, I predict that they will do so sooner rather than later.  I predict within the next 15 to 45 days...2-22-2015   Intel Guru TerryK    HEARING THAT THERE IS A LETTER OUT THERE THAT THE BANK OF IRAQ IS GOING INTERNATIONAL TOMORROW [SUNDAY] ...SOURCE TELLING ME THAT...   I THINK TOMORROW IS OUR DAY AND TOO MANY THINGS GOING ON FOR IT NOT TO BE. 2-21-2015   Newshound/Intel Gurus NOVA & MY LADIES   YESTERDAY THE CBI TOLD ALL OF IRAQ THAT EFFECTIVE FEB 22ND THEY WILL IMPLEMENT A SYSTEM THAT WILL ALLOW THEM TO HOLD FOREIGN REMITTANCES ON THEIR BALANCE SHEET, AND LIKEWISE FOREIGN ENTITIES WILL BE ABLE TO HOLD DINAR ON THEIR BALANCE SHEETS.  THEY JUST TOLD US THAT THEY ARE GOING TO BE INTERNATIONAL ON THE 22ND.  WE ALL LOOK TO THE CBI NOW TO SEE WHAT THEY HAVE DECIDED ON FOR AN EXCHANGE RATE.2-21-2015   Newshound Guru Bondlady   Article quote:  "Iraqi Central Bank Governor disclosed the relationship to Sunday 22 of this month will see the discontinuation of the auction and the adoption of the banking system as a responsible foreign remittances..."   tomorrow folks they stop the auctions...no more auctions, thats huge... we had to see that before there could be a monetary change...its time to throw out the old and in with the new CBI procedures in order to diversify and move the country forward and grow the economy and banking areas up to pre war status...imo they are doing it and moving on with the CBI monetary reform...after all these years of the same monetary policy to see all that change and to come off the programmed rate will be huge...we don't know what they will do yet and nobody does...we can guess all we want to but we don't know if it'll RV,  do nothing for a minute or a RI or a float...they need to get Iraqi's used to dealing with dinar and not the dollar they have become so accustomed to...the CBI will release the new money...We don't know what rate will be on those notes no one does but I feel like imo the CBI is about to show us soon!2-21-2015   Newshound Guru Tlar   Article quote:   "Tariq Al-araji Iraqi Central Bank Governor disclosed the relationship to Sunday 22 of this month will see the discontinuation of the auction and the adoption of the banking system as a responsible foreign remittances, referring to direct a study shows the feasibility of deletion of the historic heart in this stage."    No more remittances.  No more auctions = RV.  They cannot RV without introducing a new currency.  Like I have been saying, this is the weekend and this is what we have waited for.  In the banks words, "Sunday it all changes".  I feel pretty sure this is what we have been waiting for.  No more auctions is great but no more remittances is even better.  That means the banks will be doing wiring and such using the new swift codes.  Everybody relax.  It isn't over until it is over.  We should know if this is it by Monday. 2-21-2015   Intel Guru Jester    THE INTERNATIONAL BANKING CONTACTS ARE FEELING GOOD ABOUT THINGS...MAIN CONTACT THAT ORIGINALLY TOLD US THIS IS A GOOD TIME…ARE SAYING NO CHANGE...I DON'T HAVE ANYONE RAINING ON THE PARADE RIGHT NOW... FOR THE FIRST TIME I CAN REMEMBER.2-21-2015   Newshound Guru Stryker   [via rsskelton]   Stryker does not do rates or dates, but does refer to windows of opportunity. In fact he specifically stated that...  Does he feel that Sunday is one of those windows? Yes, he does.  He did say he felt we had never been this close.  2-21-2015   Newshound Guru Millionday   [So all this means is that Monday we have a great chance to go to the bank and cash in?]   THIS MEANS WE STILL DONT HAVE A DATE OR RATE BUT CBI IS MAKING HUGE CHANGES THAT THEY HAVE BEEN WORKING ON FOR THEIR REFORMS AND WE SHALL SEE WHAT COMES OF THIS AND WHAT IMPACT IT HAS TO ALL THE VALUES OF THE IRAQI DINAR DUE TO THIS CHANGE.   [Would you agree we will never have a date? Only a rate...?]   I WOULD AGREE THAT IT WOULD JUST SHOW AND NO DATE WILL EVER BE GIVEN AHEAD OF TIME -- YES.  SO ONE LAST THING TO SAY ABOUT THAT REPORT... IT SMELLS OF ECONOMIC PROGRESS AND THE FACT THAT IT IS SUNDAY MORNING IS SO VERY EXCITING -- SO I TOO CANT WAIT TO SEE WHAT COMES OF IT...WHOOPOW!  [post 3 of 3]2-21-2015   Newshound Guru Millionday   [don't they have to have a rate to delete the zeros?]  THE REMOVAL OF THE THREE ZERO CURRENCY WOULD BE A RESULT OF NOT NEEDING THE LARGER DENOMINATIONS.  [does this mean that RV could happen at any time, maybe on publication of budget Sunday, or does the deletion of zeros refer to the RV, and is something that will still take much time in preparation?]  YES THIS MEANS THAT THEY COULD BE SETTING THE INTERNATIONAL RATES AND THE NEW PURCHASING POWER FOR THE DINAR AS WELL PER THE GLOBAL PRICING INDEX AND ALSO ACTIVATE ALL INTERNATIONAL BANKING AND TRADE MECHANISMS AS THEY GO -- WE JUST DONT KNOW AND HAVE TO WAIT AND SEE BUT I HAVE TO SAY -- THIS IS VERY EXCITING.   [post 2 of 3....stay tuned]2-21-2015   Newshound Guru Millionday   Quote:   "All banks reported this mechanism", and as pointed out that "the Central no longer a party to the process of buying and selling the currency," revealed that "on Sunday will be the application of this mechanism."  THIS IS...A STATEMENT FROM THE GOV OF CBI...ALL BANKS ARE READY AND HE IS PREPARED TO MONITOR THE ENTIRE POLICY- THE NEW ONE...NO LONGER WILL THE AUCTIONS BE PART OF THIS.  THIS IS THE MARKET MECHANISM WE HAVE BEEN TOLD HAS BEEN PLANNED.  HE WILL AND THE EXPERTS WILL BE CHECKING THE REMOVAL OF THREE ZEROS TRANSITION AND THE STEPS TO COMPLETE IT...AS IT WILL TAKE TIME...FOR THE PROCESS TO BE COMPLETE...FROM BEGINNING TO END.   [So according to this...tomorrow (Saturday) should be the last auction correct?]  YES...THAT IS THE FIRST SIGN WE SHOULD SEE -- NO MORE AUCTIONS.   IN THE MORNING THE ACTIVATION OF THE MONEY LAWS WILL BE DONE AND ALSO ALL THE STEPS DESIGNED TO MOVE FORWARD WITH THE EXCHANGE RATES AND ITS STABILITY ALONG WITH FOREIGN EXCHANGE RESOURCES DESIGNED TO MEET THE NEEDS OF THE BANKING REFORM...THIS MEANS THE 22ND OF FEB -- SUNDAY.  [post 1 of 3....stay tuned]2-21-2015   Intel Guru TNT Tony   [via Sunny & okrocks]   IN THE MOSQUES THEY SAID WHEN THE BANKS OPEN...TOMORROW [FRIDAY]... AND ON TV...ECONOMIC REFORM WILL TAKE PLACE.   They are saying it will be an RI. An RV could be days to months, but I don't believe the month part.  The RI will reinstate the currency to the $3.22 level and then add for inflation and it's expected to be anywhere from $3.40 - $3.95 range.  Hearing, we will see an RV after that... and...the rate goes up from there.  THEIR 3 ZERO NOTES WILL BE GOOD FOR A SHORT PERIOD OF TIME, DONT THINK THAT EFFECTS US OVER HERE.   IT COULD HAPPEN THERE TOMORROW MORNING [SATURDAY] OR EVEN SUNDAY WHEN THE GAZETTE COMES OUT... BUT WE MAY NOT SEE IT TIL MONDAY...SO WE ARE EXCITED.2-21-2015   Intel Guru DC  [via Sunny & okrocks]   IRAQ TV and Mosques telling people the restructuring is coming; to listen to the media for directions and in the Mosques saying when they go to the bank tomorrow [Saturday] they will see the new rate!  It will be an RI!  Expect between $3.40 - $3.95.   [What is different this time?]  ...budget passed this time was very specific regarding departments, projects, ISIS.  Lower denoms have been issued to the provinces.  Then there are the banking laws in place, and cards tested.  ALL ARE JUST WAITING ON IRAQ...BE CAUTIOUSLY OPTIMISTIC...BUT IT LOOKS REALLY GOOD. Did you miss a few days of Dinar recaps news & updates?  *** Are you on the official  Dinar RV ALERT List?? ***  Click the link below to get Guru Archives Access and get on the Official Dinar RV Alert list...This way you won't miss a thing...What are you waiting for?  It's FREE and you get RV Alerts, dinar recaps, news, updates & other fun stuff from me too!  Click the link Below.... 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The New Iraqi Dinar exchange rate will change soon! The trick is knowing when? Join 85,153 Dinar Guru members & get the latest dinar recaps & updates here.
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