Hi, ,

 

4-17-2013  Newshound Guru Eagle1   What's happening in country as
far as gathering in the 3-zero notes is a process that will take
some time. That has nothing to do with what takes place outside of
Iraq. What it does do is to signal the imminent release of the rate
internationally -- and that is something we can expect to see
within hours or days at most. [post 1 of 2....stay tuned]
 
4-17-2013  Newshound Guru Eagle1    Let's put it this way: they
will continue to pull in the 25K, the 10K, the 5K and the 1K notes
as rapidly as people bring them to the banks for exchanging to the
LD's, (and that can go on for weeks) but as far as the outside
world is concerned, they could easily announce the rate in the
early AM Thursday.  Because they've declared Thursday a holiday, it
would give them the 72 hours they want for the rest of the world,
and we could actually see the rate appear on FOREX at the beginning
of the business day on Monday.  [post 2 of 2]

4-17-2013  Newshound Guru Adam Montana  UN is pushing for Erbil and
HCL resolution, the Oil Ministry RAISED it's numbers for proven oil
reserves...and they didn't even account for the Kurdish region,
which is thought to have some of the largest reserves! This is only
good for us as it lends credibiliity and support for a higher value
on the dinar.  Lots of talk about revamping the currency this year,
which is GREAT because quite honestly - I'm ready for this ride to
be OVER and hopefully that happens, one way or another, THIS YEAR.
[post 1 of 3....stay tuned]
 
4-17-2013  Newshound Guru Adam Montana  There are a couple of ways
this can happen - a straight RV to a higher value, float the value
on up, or chop the 0's and issue new currency. One of the common
things we have been seeing is a claim that the new currency will
have a highest denomination of a 200 IQD note. Now, if they plan on
pegging it to the USD this might be reason to think we are looking
for a value of 2:1 - aka a 200 IQD note is worth the same as a $100
USD note. That's not a bad goal!  [post 2 of 3....stay tuned]
 
4-17-2013  Newshound Guru Adam Montana   Annnnnd finally, in normal
blustery politics, Najafi (Speaker) calls for Maliki to resign.
Turki (CBI head honcho) met with our very own Ben Bernanke to
discuss protecting the dinar... and I think we all know that
protecting the dinar is in everyone's best interest.  All in all,
it's been a pretty exciting week in my opinion. Things are moving,
in spite of the holiday season (it's always holiday season in
Iraq).  [post 3 of 3]

4-17-2013  Intel Guru TerryK   GOT SOME NEWS...CALL THIS AM EARLY.
CHINA HAS ASKED FOR 1 DAY DELAY AND THEY GOT IT.  FOREX WAS LOADING
LAST NIGHT WHAT I WAS TOLD AND THEN STOPPED AGAIN.  THE DELAY IS TO
ENSURE THERE IS ENOUGH MONEY IN THE WF [WELLS FARGO] SYSTEM TO
HANDLE TIER 3.  CODES WERE BEING LOADED LAST NIGHT IN WF RENO.  I
DONT THINK THIS WILL GO PAST THE 18TH FOR SURE.

4-17-2013  Intel/Newshound Guru Poppy3    The thing that is holding
us up is the same thing that has held us up for 2 years & that is
the government is not seated and the Erbil Agreement is not in
place.  Those 2 things are the primary hold up.  The only reason
they hadn't been done is because of their Prime Minister, Maliki.
Last Friday the clerics called to not only remove him but to
execute him.  The clerics over there have more power than the
politicians do.  If this doesn't have him shaking in his boots,
nothing will.  [post 2 of 2]

4-17-2013  Intel/Newshound Guru Poppy3   Foreign banks want to set
up business in Iraq despite all the hurdles they have to go
through.  The confidence of the National Banks is getting better.
The closer this RV gets the more many of the businesses want to
invest & do business in Iraq.  This sounds really promising to me.
There have been about 5 articles yesterday & today [Tuesday] about
the lifting of the zeroes from the money & that it is a process and
the process has been started, it's been going on.  It's very
interesting to me that the Central Bank & the Minister of Finance
are letting people know they are going to get this done.  [post 1
of 2....stay tuned]

4-17-2013  Newshound Guru Eagle1   One important little tidbit to
add to the news is that the same sources that provided the
information from Iraq concerning the retrieval of the three zeros
and exchange for the LD's called us a couple hours later to let us
know that the soldiers are actually getting paid now. That's HUGE!
When you consider how long we've heard them complain and gripe over
the fact that they weren't getting paid, and now -- all of a sudden
-- they are!   [post 2 of 2]

4-17-2013  Newshound Guru Eagle1    Good Morning! Unless I've
missed it, we're either going to see it tonight or
tomorrow...Wednesday night going into Thursday.  The next basket of
currencies has been released and I'm waiting to see what's in it.
I can't prove it at this point, but my instinct says that -- based
on past history -- we will see the VND as the next major RV
sometime within the next three weeks or so. That might even kick
out to mid-May simply because the IQD has been delayed so much
longer than anticipated.  We should have a short window of
opportunity to purchase the Dong. Because I've heard conflicting
reports about whether we will see an RI or an RV (and the numbers
are really eyebrow raisers).   I'd be absolutely astonished if we
haven't been able to exchange our IQD within the next few days.
[post 1 of 2....stay tuned]

4-17-2013  Intel Guru Frank26   iraqia tv just told the citizens in
the morning news to turn in their 000's for lower bills (ld's).

4-17-2013  Newshound Guru Tlar   Before he could do that Maliki,
through phoney charges, had arrest warrants issued while Shabibi
was out of the country.  Shabibi would not come back to Iraq which
created a vacancy at the CBI, so Maliki appointed Turki to replace
him.  That brings us to today.  Is the new defiant CBI going to
float the currency or go back to the original plan based on the
study from 2008?  Arguments can be made to support both views.  It
is a judgement call made on the facts at the time.  The facts have
changed.  [post 3 of 3]

4-17-2013  Newshound Guru Tlar    Shabibi went through 2 years of
waiting, trying to convince Maliki to go along to no avail.
Finally last year Shabibi made the decision to do this whether the
government wanted it or agreed to it.  Because of government
threats Shabibi then decided to just float the currency because he
felt he had to do something to get this going.  He was in a box.
Iraq needs a currency and he as governor of the CBI was responsible
for getting a currency.  He had determined that the government,
Maliki would never go along but something had to be done.  [post 2
of 3....stay tuned]

4-17-2013  Newshound Guru Tlar    first, this is a fluid
investment.  It has changed many times in the four years I've been
in it.  Shabibi wanted to RV the currency but made a fatal mistake.
 He thought he could convince the government that it was the right
thing to do for Iraq.  His plan was based on the study done for the
CBI in 2008.  He had intended to drop 3 zeros from the nominal rate
then hold it as a controlled rate for a period of 1 to 2 years as
recommended by the study.  What he did not take into consideration
was the secret agenda by Maliki.  Shabibi hit a brick wall.   [post
1 of 3....stay tuned]

talk soon