“Iraq calls for a review of the dinar exchange rate” The CBI has recently made efforts to provide more windows to be opened to deal with currency sales in Iraq, essentially doubling the number of banks and companies involved in the process and has seen some improvement in the exchange rate between the USD and the IQD…Dr. Saleh spoke on behalf of PM Abadi and stated that the price of the IQD against the USD is unrealistic at the current time…he continues to stress the need to remove cap restrictions placed on the CBI by Article 50 of the budget…this gives the CBI no operating room to conduct its business of stabilizing the IQD…The problems created by Article 50 made supply and demand a big issue and pitted the USD against the IQD leading to increases in the USD over the IQD….I think he is very politely trying to say that whoever implemented the cap didn’t fully understand what they were doing or the repercussions of their actions.”
Newshound Guru Aggiedad77
HIGH ALERT…SOMETHING GIGANTIC JUST TOOK PLACE IN IRAQ TIED TO GLOBAL BANKING AND INTERNATIONAL E-COMMERCE (HINT HINT) HIGH ALERT: INTEL: AS OF 10:37 AM EST TODAY THE INVESTMENT IS NOW AT THE HIGHEST LEVEL AND POSSIBILITY FOR DREAMS TO BECOME REALITY IF THE USA COMPLETES EVERYTHING THAT NEEDS TO BE COMPLETED… WE HAVE NEVER POSTED A HIGH ALERT SIGN!!! NEVER EVER!
Intel Guru EXOGEN
Article: “Parliamentary Finance proposes to make large cash categories” quote: “expected to” measure will reduce the demand for the dollar and away by all the dollarization of the Iraqi currency and the sale, purchase, exchange and trade in Iraqi currency instead of dollars.” We believe they are saying it is not larger denominations, but smaller denominations with a larger value – 1, 5, 10, 20, 50 and 100’s…this is Iraq’s way of saying we are about to delete the zeros (through appreciation) and releasing new “higher value” bills. Further – much of the recent rhetoric is starting very much to sound like an educational campaign to their citizens. Seriously (this was part of a Shabibi plan).
The auctions have restarted – but relax…I am encouraged. They are working hard on monetary policy. Dr Shabibi shows up at the IMF meeting in Kuwait City (for whatever reason) – the auctions restart (which were Shabibi’s main instrument). Abadi points out he’ll replace critical Maliki appointees – namely, the CBI Gov…and with the auctions the CBI pretty much has to declare autonomy from the GOI and Parliament – meaning they can’t abide by the 75 mil per day limit Parliament put on them. FYI – Dr Shabibi was also a big “separation” of the CBI and GOI kind of guy – very much into the autonomy of the CBI. This move has his prints all over it. JMHO. It stands to reason they would enlist his help – he is one of the architects of the MR plan…not impossible to think he would be a legit contender for the CBI Gov again if they remove Alak anytime soon.
I have recently heard some people expressing frustration over “being on this roller coaster ride”… Wait a sec. No one promised us anything. We bought Dinar as an investment. The only thing it offers is a chance. I, for one – am most thankful to be in on it. Are we close? IMHO – Most likely – 2 days, 2 weeks – 2 months? Tough to say…but close. There have been way too many goings-on in the Iraqi Finance/currency world lately for there not to be something up. I even heard recently – it is likely Iraq will need to add value (while still in Chapter 8 ) to even be considered for entry into Chapter 14 – which is why I have constantly said “not to worry” – I have thought much the same all along.
Newshound/Intel Guru BGG
THE BIG BOY GLOBAL 4G LTE NO BID CONTRACTS IN IRAQ ARE ALREADY COMPLETED AND IN FULL MOTION AS OF RIGHT NOW TODAY (HINT HINT) AND WORK ORDERS HAVE BEEN EXECUTED!! [Wikipedia – 4G, short for fourth generation, is the fourth generation of mobile telecommunications technology… LTE, an acronym for Long-Term Evolution, commonly marketed as 4G LTE, is a standard for wireless communication of high-speed data for mobile phones and data terminals.]
Intel Guru EXOGEN