10-31-2013 CBI

CBI: CH VII will give Iraq freedom to attract investment. US Development Agency: Iraq qualified to be economically strong state

10-31-2013 Newshound Guru Adam Montana

10-31-2013   Newshound Guru Adam Montana   Now add this article: "... postponement of 5th round of licenses to next year"... I know a lot of you might think I'm crazy for saying that is good, but the kicker is this: WHY are they postponing it?  Because, quote: "...our staff is busy with three important projects."  What three "important projects" can you think of? How about elections, political power, and the HCL? And one more... the fact that Iraq's gold supply is officially announced to be greater than it's foreign currency reserves can't be a bad thing either!  [post 2 of 2]

10-31-2013 Newshound Guru Adam Montana

10-31-2013   Newshound Guru Adam Montana   This week in Dinar, we have a couple of interesting things... as we know, the HCL is a major deal and we need them to have a resolution on that before major progress is made. Since an RV will be such a HUGE event, there is a lot of political gaming going on right now...and it looks like a strong push is being made to get this ball rolling.  [post 1 of 2....stay tuned]

10-31-2013 Intel Guru EXOGEN

10-31-2013  Intel Guru EXOGEN     Every branch in the United States will not be an exchange location and it is based on demographics. The UST in conjunction with FINCEN already has reports of regional IQD holdings based on city, state & zip which ties into 1800 that has been implemented for the exchange.  [post 2 of 2]

10-31-2013 Intel Guru EXOGEN

10-31-2013  Intel Guru EXOGEN   Per conversation with banking contacts the currency catalogs are updated online and are typically in a 3 ringed binder. Some use the physical catalog and others use the online version. Technically they do not have to wait for a physical book. That is solely at the discretion of the banking institution. The material with the lower denominations is now available to all major U.S.A banks as of TODAY.  [post 1 of 2....stay tuned]

10-31-2013 Commission Deputy

Econ Commission Deputy: IQD has promising future, CBI is obliged to set a new rate

10-31-2013 Committee Member

Economic Committee Member calls for CBI to set a new IQD exchange rate; A real market price

10-31-2013

10-31-2013 Guru Lan

They are asking for smaller denoms, well just like BREILING pointed out they are pumping out new 250, 500, 1000 notes, and at a better quality. They are sticking with the currency we have. This is all fantastic News for all of us. 

10-31-2013 Crow

10-31-2013 Iraq is pushing forward with it's economic policy, kinda shocked people still don't see it for what it is, watch Iraq emerge as a economic giant. Very interesting articles about Iraq being number one oil producer
in the coming years bold statement with more and more oil producers on the planet.    

20-31-2013

“Strengthen Iraqi Dinar and make it acceptable internationally, not just local”, says banking expert

10-30-2013 Breitling

Breitling:  Article after article reveals the currency is the key to manipulating the economy and the USD is used in part for the same reason. The last article I read talked about getting USD to key groups in Iraq, meaning the USD is still key and can help give Iraq’s access to the global markets    

10-30-2013 Intel/Newshound Guru Poppy3

 10-30-2013   Intel/Newshound Guru Poppy3    i am...getting very excited about the next few days and hope maliki and staff show up all together as expected.  either way this week will tell us a story and i hope it has the very happy ending that we all are wanting. 

10-30-2013 Newshound/Intel Guru Eagle1

10-30-2013   Newshound/Intel Guru Eagle1   Banks have reported some significant fluctuations in the IQN rates over the past few days on their administrative screens, and those fluctuations make it very difficult to flat out state that we are going to see the long-projected  rate for the Dinar. With statements, however, from IMF sources indicating that there is a real desire to see the IQN closely mirror Kuwait, and the fact that Kuwait’s Dinar is expected to climb by as much as 10% against the USD in the coming days. An RV has become a very real possibility – whether we see that rate immediately or in the near-term days or weeks.  [post 4 of 4]

10-30-2013 Newshound/Intel Guru Eagle1

10-30-2013   Newshound/Intel Guru Eagle1   At this point it is possible that there will be a GCR release to FOREX screens on Thursday night/Friday morning. If there is success in loading the GCR for a Thursday night/Friday morning event, we should be able to go to the banks on Friday. If, as I suspect, it waits until sometime Friday, we are far more likely to be waiting until Tuesday, the 4th, before we will be able to begin our exchanges.  [post 3 of 4....stay tuned]

10-30-2013 Newshound/Intel Guru Eagle1

10-30-2013   Newshound/Intel Guru Eagle1   ...Maliki is due to return to Iraq on Saturday, the 2nd, following the signing of a new SOFA (Status of Forces Agreement) with Obama.  It is possible...that he and Obama may make some kind of statement prior to his boarding a flight back to Baghdad. The statement would be something of an acknowledgement that Iraq’s currency has returned to international tradeability and value lost to the Dinar...restored. 
[post 2 of 4....stay tuned]

10-30-2013 Newshound/Intel Guru Eagle1

10-30-2013   Newshound/Intel Guru Eagle1    Two calls in particular with folks inside the present administration in DC brought a wealth of information ...We had fully expected to see the GCR released for today (Wednesday) and there was a significant amount of information in the days leading up to today that seemed to indicate that. Yesterday...Iraqi Prime Minister Maliki arrived in DC. For a long time it has been my consistent stand that the GCR has ceased to be an Iraqi event and that it was now fully in the hands of the IMF. That position has not changed. However, it appears that because of some politics and diplomacy between DC and Iraq, the IMF has been persuaded to delay the release for a few days in order to allow the Iraqi PM an opportunity to put on a celebratory event coordinated with DC.  Iraq, after all, is the pivot currency for the entire Global Currency Reset...  [post 1 of 4....stay tuned]

10-30-3013 CBI Gov Turkey

CBI Gov Turkey: Central Bank is the sole body responsible for monetary policy in Iraq

10-30-2013 Intel Guru TD

10-30-2013   Intel Guru TD   The rate (whenever introduced) will reflect the support level of the country as a WHOLE (infrastructure, economy, political stability resources, etc. ) and that many components of the equation still need much work to correlate with any kind of high rate. Astronomical high rates being proposed by some ( 10 27, 30 ) are orbital rates that have no credibility here on earth.  [post 2 of 2]

10-30-2013 Intel Guru TD

10-30-2013   Intel Guru TD   As you see by the IMF report, which I reported on a week after the Central Banks meetings, that they have advised a hybrid rate of the current 1166 and to let market forces take the rate to it's sustainable, appropriate level . This is the scenario IF Iraq decides to introduce sooner rather than later. The (IMF) statement also clearly shows that the IMF is in an advisory role and not a 3 letter agency in charge of the event. Iraq is indeed in charge of it's own affairs and those alluding that it is not in their hands are arrogantly false!  [post 1 of 2....stay tuned]

10-30-2013 Intel/Newshound Guru Poppy3

10-30-2013   Intel/Newshound Guru Poppy3   NOW JUST AFTER LIFTING CHAPTER 7 WE WERE INFORMED THAT THE UNSC GAVE IRAQ SEVERAL DEADLINES FOR THINGS THAT MUST BE COMPLETED PRIOR TO JAN 1 2014 AND MOST OF THESE THINGS REQUIRE THE RV TO HAPPEN BEFORE THEY CAN BEIMPLEMENTED OR COMPLETED. JUST LIKE BECOMING A FULL MEMBER OF THE WTO (WITH A TRADABLE CURRENCY ) A FULL TARRIFF LAW IN PLACE AND A FULL HCL LAW. ...THIS RV IS CLOSER THAN EVER BEFORE, SMILE WE ARE IN THE CAT BIRD SEAT.  [post 2 of 2]

10-30-2013 Intel/Newshound Guru Poppy3

10-30-2013   Intel/Newshound Guru Poppy3   MANY PEOPLE STILL TRYING TO TELL YOU THAT THE IMF CAN DO THE RV WITHOUT IRAQ PERMISSION...THAT MALIKI AND THE CBI HAVE ZILCH TO DO WITH THE RV AND ONE MAN CAN'T HOLD THIS UP, WELL NOT you have all witnessed Maliki for years hold this up and especially since the lifting of chapter 7.  HERE IS A FACT...THE CBI CONTROLS THE RV AND ...MALIKI PLACED TURKI IN THE GOVERNORS POSITION OF THE CBI AND...PLACED HIM THERE...TO DO JUST WHAT MALIKI SAYS AND NOTHING ELSE.  [post 1 of 2....stay tuned]

10-30-2013 Newshound Guru Kaperoni

10-30-2013   Newshound Guru Kaperoni      Now here is the same paragraph but i put it in laymans terms..."In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy (this is the IMF asking the CBI to leave the currency board exchange regime and enter the new float exchange regime). Such flexibility (this new float regime) could allow a predictable and gradual appreciation of the nominal exchange rate (the new regime would allow the dinar to rise based on supply and demand), triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation (if you pump more oil and diversify your economy, the dinar will rise fast) while keeping domestic inflation low.”

10-30-2013 Newshound Guru Kaperoni

10-30-2013   Newshound Guru Kaperoni   I am going to further break down that paragraph from the IMF report.  I think this is important to clearly see what the IMF is saying.  This paragraph is amazing in that is echos exactly what we have said for months...  "In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”

10-30-2013: Central Bank of Iraq

10-30-2013 CBI: Iraq’s inflation less than neighboring countries; However its reliance on oil is structurally wrong for the economy

10-30-2013 Intel/Newshound Guru Poppy3

10-30-2013  Intel/Newshound Guru Poppy3   THIS IS SOUNDING VERY PROMISING IF NOT PLANTED NEWS.  I KNOW THE PEOPLE TELLING ME THIS ARE HONEST AND HAVE THE REAL FACTS FROM REAL PEOPLE ON THE GROUND IN THE MIDDLE EAST.   [post 2 of 2]

10-30-2013 Intel/Newshound Guru Poppy3

10-30-2013  Intel/Newshound Guru Poppy3    MALIKI IS NOT IN THE USA ACCORDING TO SOLID SOURCES IN FACT HE WAS IN PARLIAMENT MEETING YESTERDAY.   HE ALSO MADE A SPEECH ON IRAQ LIVE NEWS YESTERDAY.  NEXT HERE IS SOME GREAT SOUNDING NEWS?  REPORTS COMING IN BEGINNING LAST EVENING THAT DEALERS OF DINAR IN BAGDAD AND SOME SURROUNDING M E COUNTRIES ARE BEING TOLD THEY WILL NOT BE ALLOWED TO SELL LARGE DENOMS AFTER NOVEMBER 1 AND MANY OF THEM ARE OUT OF DINAR ALREADY.   USE THIS INFORMATION AS A RUMOR BUT I CAN SAY SO FAR IT HAS PROVEN TO BE VERY FACTUAL.   [post 1 of 2....stay tuned]

10- 30-2013 Intel Guru TNT Tony

10- 30-2013  Intel Guru TNT Tony   Maliki is at the State Department and has been in country for the last 2 days. He is scheduled to meet the President today at 1:00 and to have a picture opp this afternoon. He has spent the morning with others in D.C. finalizing the announcement to be made later today. He is scheduled to remain in country until 1 Nov. Bank personnel have just been notified that they have 30 min to report to work.  It should be a superfantastic day

10-29-2013 Finance Committee

Finance Committee Member: the need to facilitate the procedures for the sale of hard currency to support the stability of the dinar exchange rate

10-29-2013 Newshound Guru Millionday

10-29-2013   Newshound Guru Millionday     [When is Maliki visiting the White House and do you think after the visit is over that the RV might be imminent?]  maliki is formally there on the 1st of November for the meeting and should be televised but i believe he leaves and arrives on wed...the rv is going to happen and it is imminent with all that is agreed on -- the question is how soon -- but we do know we are sitting on top of it by what we have seen and heard in the many press statements.

10-29-2013 Committee member

When Iraq becomes full member of WTO it bring access to world markets, experience, and support the economy, says economic committee member

10-29-2013 Crow

10-29-2013 Crow: Been awhile guys and gals, looks like they are trying to get the banking laws fixed
Like Bretiling talked about this will bottle neck the flow of the free market they are pushing

10-29-2013 CBI

 Strengthening the technological capabilities of Iraq will contribute to WTO accession, free market economy

10-29-2013 Intel Guru Loechin

10-29-2013   Intel Guru Loechin   As I have said in times past a certain someone was getting dealt with. I am amaze10-28-2013   Intel Guru Loechin   As I have said in times past a certain someone was getting dealt with. I am amazed still at the way people want to control things who have no control. If all goes according to plan then we will be in the banks this week sometime. As of right now the ceiling rate if you dare is set again but

10-29-2013 Intel Guru TNT Tony

10-29-2013   Intel Guru TNT Tony     Somebody asked...about the high rate. That high rate is YOUR rate, and is the same rate you're going to get. They can't give it to some and not to everybody. The high rate is your rate - not some formula. Our 30 days is still our 30

10-29-2013 Intel/Newshound Guru Poppy3

10-29-2013   Intel/Newshound Guru Poppy3    Talked to M E and can't confirm the news yet but what I have heard this evening give me even more confidence our wait is very near the end. IF what I heard tonight is true we are within no more than 10 days from exchange time and could be within 3 days.  

10-29-2013 Hawk

10-29-2013 Hawk: If you noticed the Iraqi government is pushing global participation thats why they will be is force, Iraq will participate tomorrow in the World Islamic Economic Forum IX in London moving forward can only be happy with whats going on.  

10-29-2013 CBI

CBI expresses its encouragement for the foreign banks

10-29-2013 News Blurb

U.S. study calls on Iraq to restructure the Special Operations Forces

10-29-2013 Newshound Guru Stryker

10-29-2013   Newshound Guru Stryker    I believe that they are getting ready to implement currency reform the first of January and it will take until the end of 2015 to complete it. There is another article today that says it will not start until the end of 2015 but I think it may be a translation issue but we will see.  [post 2 of 2]

10-29-2013 Newshound Guru Stryker

10-29-2013   Newshound Guru Stryker   Article Quote:   "the approximate dates announced new currency has been designed .. فتسحب currency "zeros" gradually from the market within a year or two smoothly and quietly"  This quote shows that the new currency has been designed with less the 3 zeros and that the exchange will take a year or two, so no 30 or 60 day exchange will be involved like others are stating.  [post 1 of 2....stay tuned]

10-29-2013 Newshound Guru tlm724

10-29-2013   Newshound Guru tlm724   article quote:  [while seeking Ministry Trade for its part, to activate and develop their agreements trade with the countries of the world based on the principle of common interests and including confirms and enhances the durability of the Iraqi economy and its impact and its role in the global market.] *hallelujah*  this is a perfect example of global economic development!  [post 2of 2]

10-29-2013 Newshound Guru tlm724

10-29-2013   Newshound Guru tlm724   lets me just say this real quick about the infrastructure law... there is a clause in the law that states Iraq can use credit to build these massive infrastructure projects and we know for fact the GOI has been trying for years to get their dirty hands on the reserves but the CBI says *dont think* so now the GOI has finally realized they NEED this law and we will see it passed!  imo    [post 1 of 2....stay tuned]

10-29-2013 Newshound Guru Millionday

10-29-2013   Newshound Guru Millionday   even though we have had sales in the states -- that is a very bold and new way to market it - with other currencies - i like the change that is for sure...the banks that have been dealing with or selling it -- have had to order the currency and it has not been dealt with by the banks that have dealt with foreign currency with all other countries and not in the book -- so this is new to have it listed as a service that will be handled at the local banks -- very good news and is a difference that we are glad to see.  [post 2 of 2]

10-29-2013 Newshound Guru Millionday

10-29-2013   Newshound Guru Millionday   [a...Bank In East Asheville...My niece has to go there EVERYDAY for the company she works for. This morning when she went, there was a LARGE sign on the front door saying that they now Exchange Foreign Currency for the following countries. And she said that Iraq was listed.  Do think this has any significant meaning?]  that is great...that signifies internationally acceptable to be included with other foreign currency trading...   [post 1 of 2....stay tuned]

10-28-2012 CBI

Iraqi banks non-modern banking systems delay the completion and increase of opportunities

Smaller IQD notes scarce due to unwillingness of banks to deal with them, says expert

10-28-2013 Newshound Guru tim724

10-28-2013   Newshound Guru tim724   Iraq is just now getting this system in place. They must be linked with their customs and when the tariffs are fully implemented they must be linked to the CBI, again for ACCOUNTABILITY! Remember Dr. Shabibi said he needed stability and security in order to make the change? Well imo security means this: A secure system that enables full accounting of ALL monetary transactions within the country as well as international transactions ! The stability falls within this same premise, a secure system that eliminates fraud, waste and corruption...Governor Turki has said they are making great progress with it.  I just don't see how the CBI can do an increase without this system in place.  [post 2 of 2]

10-28-2013 Newshound Guru tim724

10-28-2013   Newshound Guru tim724   The question has always been, why hasn't Iraq RV'd their currency? After much thought I have formed an opinion...The answer is so simple...In order for Iraq to fully deal in their own currency they have to be electronically linked both in country and throughout the world!  Electronic Banking is absolutely necessary for Iraq to progress forward. How can the CBI raise the value of their currency without accountability?   [post 1 of 2....stay tuned]

10-28-2013 Intel Guru Delta

10-28-2013   Intel Guru Delta   THE TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN US AND IRAQ (TIFA)  WAS APPROVED BY IRAQI PARLIAMENT ON 12/2012. BUT IT WAS NOT PUBLISHED ON THE GAZETTE UNTIL 10/26/2013. SO THEY HAD TO WAIT ABOUT 10 MONTH TO PUBLISH IT. SO NOW AS OF 10/26/2013 THIS LAW IS IN EFFECT.  WE ARE EXPECTING THE GOV OF CBI "TURKI" TO GET BACK TO IRAQ TODAY. IT'S A HIGH POSSIBILITY THAT WE SHOULD SEE SOME KIND OF ANNOUNCEMENT THIS WEEK. 

10-28-2013 Intel Guru Delta

10-28-2013   Intel Guru Delta   THE TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN US AND IRAQ (TIFA)  WAS APPROVED BY IRAQI PARLIAMENT ON 12/2012. BUT IT WAS NOT PUBLISHED ON THE GAZETTE UNTIL 10/26/2013. SO THEY HAD TO WAIT ABOUT 10 MONTH TO PUBLISH IT. SO NOW AS OF 10/26/2013 THIS LAW IS IN EFFECT.  WE ARE EXPECTING THE GOV OF CBI "TURKI" TO GET BACK TO IRAQ TODAY. IT'S A HIGH POSSIBILITY THAT WE SHOULD SEE SOME KIND OF ANNOUNCEMENT THIS WEEK. 

10-28-2013 Currency

Smaller IQD notes scarce due to unwillingness of banks to deal with them, says expert

10-28-2013 CBI

Iraqi banks non-modern banking systems delay the completion and increase of opportunities

10-28-2013 Newshound Guru Doc

10-28-2013   Newshound Guru Doc   This is why it is most probable reform will come in the form of some type of float to allow the currency to appreciate as the economic output of the country increases over time.  We do not rule out  some type of RV first but anticipate it to be in the order of a few cents or 10s of cents and not $3+ or higher.  Overall progress continues.  The rumored high rates and immediate implementation are false.  There is no credible public or private sources to support it.   Supported information indicates late this year into next year at the earliest.  However, things are progressing forward.  We report, you decide.   [post 4 of 4]

10-28-2013 Newshound Guru Doc

10-28-2013   Newshound Guru Doc   When considering the date and rate one must keep the overall goal in mind.  First the goal is for a stable currency over the long term.  Secondly it needs to be fundamentally strong. The first goal is accomplished by having infrastructure laws in place and functioning.  They include those dealing with banking, tariffs, investment, etc.  They include the Economic Reform Act and HCl.  Without these any currency reform would fail.  Secondly, to be strong, it must be implemented within proven macroeconomic principles.  This is why the rumored high rates are preposterous.  They would destroy Iraq economically.  [post 3 of 4....stay tuned]

10-28-2013 Newshound Guru Doc

10-28-2013   Newshound Guru Doc   We are also encouraged by the recent visits of Maliki and such to various governments especially the USA.  Before we go further we must say here that Maliki does not need an RV for this visit.  We have to remember just a few short months ago the US was publicly denouncing support for Maliki.  We believe this to be due to his friendliness with Iran and his dragging his feet around implementation of the Strategic Framework agreement.  We have to also remember he is running for reelection and needs all the friends he can get.  His visit to the US is simply to give a status report around implementation of the framework and to get reassurance of US support going forward.  However, this we believe is very good.  It should help accelerate the timeline toward currency reform.  With the election in April we are hopeful the initial float will have begun before then.  [post 2 of 4....stay tuned]

10-28-2013 Newshound Guru Doc

10-28-2013   Newshound Guru Doc   We are closing out October with much the same status as we started.  The news has focused on some progress specifically passage of the Economic Reform Law by the CoM.  This is indeed great to see.  We still must exercise patience in that it is not law as of now.  It still must go through parliament which we believe will not addressed until December.  The HCL has been in the news but again most likely will not be addressed until December.  With this the key infrastructure will not be in place "at any moment" and therefore our opinion remains that currency reform will not occur in the short term.  These laws are not official until you see them in the Gazette period.   [post 1 of 4....stay tuned]

10-28-2013 Intel Guru TD

10-28-2013   Intel Guru TD   CONCLUSION:  We all hope for tomorrow's trip to the bank to C/E. And as I reported lately there is still a camp of GOI people who want introduction of a new currency rate sooner rather than later BUT it would be certainly be just a hybrid of today's current rate of 1166. The other group, which is now spearheaded by renown & respected economists want rollout of the Economic Reform Law (programs & policies) to take foot hold in the economy in order to introduce a stronger IQD and THIS will take still quite some time.  I'm told that this approach is now the unanimous road they will take.  [post 2 of 2]