RUMORS: Dinar Revaluation & Dinar Rumors
9-8-2012 Newshound/Intel Guru BGG Maliki up to now has not compromised with anyone. Exxon & Shell has threatened to leave because they have not been paid. Talabani has everything he needs to remove Maliki. Talabani wants a National Conference for his country. He has put his retirement off for a year to get to this point and it has affected his health. His health is possibly in worse shape than they have lead on to be. They are talking about him returning about mid September. The number one thing that needs to be done for the currency to be revalued is the naming of the Ministers. They have got to get the power divided. Also needed is the HCL and Article 140. The Federal Courts Law and the Amnesty Law are also important laws that have to be passed. The strongest possibility of what could happen is Talabani comes back, if his health is good, they hold a couple of meetings and this could be over rather quickly. If he is unable to continue, Najafi will take over and this will go very well for us. I am very hopeful with what I’ve heard and seen that something is going to happen very soon.
9-7-2012 Poppy3: PAY CLOSE ATTENTION TO ANOTHER HEADLINE TODAY. “Muttalibi confirms Iraq’s ability to emerge from Chapter VII during the next phase.” IN THE NEXT PHASE MEANING BEFORE 2013 AND THE PHASE OF CORECTION THEY ARE IN RIGHT NOW. ARE YOU LISTENING? THERE ARE GOOD THINGS BEING SAID. THEY CAN’T EMERGE FROM CHAPTER 7 UNLESS WE HAVE A RV UNDERSTAND. THEY MUST HAVE A INTERNATIONAL RECOGNIZED CURRENCY AND BECOME FULL MEMBER OF THE WTO. Read more
9-7-2012 UpAndAdamTV: Not sure if everyone took the time to notice this but last months currency auction had the IQD down to 1189 and this month we see the CBI had the Exchange back at 1166. It is my opinion that tied up USD can’t back up the IQD, which basically puts us in a float currently. Now we know they have billions but how much of that is backing the IQD? I think that is what adjusts the current exchange rate until a commodity is pegged to the IQD. Now we are all thinking about Basil 3 compliance, we shouldn’t do that. Let us think about Basil 4 and Basil 5 as they ween more countries to back there currencies by commodities until we see Countries solely based on Commodity. Iraq is preparing for the future. No one is in a better spot.
9-6-2012 Newshound Guru Adam Montana there always has been and always will be a *chance* that we will break even or maybe even lose money. There is no guarantee here! There’s also a chance that you can get hit by a bus today…you don’t sit in your house because of that chance. You weigh the odds and make a choice – is it worth the risk to go to the store today? Personally, I think the odds are pretty good in our favor and the reward is so potentially great that I am willing to stick a few bucks on the line and wait it out for as long as it takes.
9-6-2012 Newshound Guru Kaperoni There is still a struggle between the Council of Ministers and Maliki. The CBI will take action if the government continues to interfere. This is not going to be a smooth event but clearly the Central Bank is moving like a locomotive trying to get this done. We know from the Minister of Finance that the CBI is in charge of the monetary policy. There will probably be continued debate on the strategy and timing. According to articles and the SGIR report the plan did have a revaluation or an increase of the value of the IQD just below the USD which is $.86 or $.90. We don’t know when, but with the Banking Conference coming we are getting closer.
Blaino: DR SHABIBI TOLD US THAT ALL THE NEW CURRENCY WAS A MISPRINT…. REALLY? SO…. WE ARE TO BELIEVE THAT NO ONE…. NO ONE PROOFED THE FINAL DRAFT OF THE FINAL VERSION OF THE PLATES TO MAKE THE NEW CURRENCY????? REALLY? I THINK IN THE KUWAIT DEAL THE RUMOR THAT CIRCULATED WAS THAT THE KING HAD DIED…. THE NEXT DAY THEY UNCHAINED THEIR CURRENCY…. AND OF COURSE THE KING WAS NOT DEAD! THIS SOUNDS LIKE A SIMILAR RUSE TO ME AND THE FACT THAT SHABIBI WOULD GET ON TV AND SAY THIS MAKES ME …… GIDDY! (A LIL ANYWAY!)
[SWFloridaGuy] Just wanted to give everyone that update I said I would on the group that left from Tampa. Just got a call from her. They arrived in Reno today and were promised that they wouldn’t have to even spend the night, that they would be able to cash out and be flown directly back. The group is now stuck there. They had demanded to deal directly with the bank and not some 3rd party negotiator. That was not the case once they arrived there. For whatever reason they now can’t reach their contact there who set this up and they are all very upset. They are now forced to spend the night and have no idea what’s going on. This is a pretty large group and I’m sure others in the rooms know people who were foolish enough to go along for the ride. I feel bad for the group but many did try to warn them. I’ll keep everyone updated on how long they stay and what transpires.
9-4-2012 Docdinar: I am very encouraged by reports of the US delegation traveling to Iraq and stressing the importance of Talabani being present. I believe they will be making this trip to ensure the reforms get passed and a successful National Meeting is held. Demonstrating stability in Iraq is important during this election season and the more successful Iraq is, the more successful it makes our policies in Iraq and foreign policy in general look. This should be a very exciting month for us. For over a year now September 2012 has been advertised as a key month for the introduction of the new currency. We should know shortly if those reports are true.
9-4-2012 Mountainman: The Kuwait PM is meeting with Maliki work on bi-lateral relations and continue toward Chapter VII removal. The CBI and GOI are working to update the banking sector with the latest electronic technologies and Iraq’s GDP is growing at record levels due to oil production. Supposedly Talabani is returning to meet the US delegation and have a national conference. Read more
9-3-2012 Poppy3: Well, it hasn’t taken long since our deligation arrives in IRAQ FOR THINGS TO CHANGE. WELL THE DELAYS ARE NOW BEING ANNOUNCED. U.S. State Dept: a planned visit to a number of ministry officials to Baghdad; There is progress in Iraq would emerge from Chapter VII Iraqi parliament will reconvene Sept 11; Read more
SWFloridaGuy - Shabibi did have one report years ago when he said the goal was to eventually return their currency to previous levels. He never once mentioned the mechanisms by which they will achieve that RV, RI, RD etc. I do believe a RV is what we will see. I am continually perplexed…seeing people…reference a 100,000% increase as a “Small RV.” …1 to 1 is nothing to scoff at imo. …eventually I think Iraq will be able to…justify a high exchange rate. For Iraq to pull it off it’s my belief they will change the peg. They’ve already made adjustments and none of them came close to 1 to 1 but we hope that will change. The hope is that a big change is on the way.
WAR is a member of BSP and is also boots on ground in Iraq. He keeps BSP updated on goings on. Here is his latest update:
Post by WAR: Baghdad bank update-as promised
It is time to shed some light on all the rumors that are going around on various Dinar guru websites. Remember news is news it is just how you perceive it.
I have just returned from the bank of Baghdad, Governor Sinan Shabibi is in country as of Saturday he was seen on the Iraqi news here in Baghdad…..
9-2-2012 TerryK: HIGH ANTICIPATION THAT THE COINS ARE GOING TO HAVE VALUE WHEN THE BANK OPENS IN IRAQ, WHAT KIND OF VALUE THEY DID NOT SAY. I HOPE THIS COIN THING IS RIGHT, IM EXCITED. THE COINS ARE TO BE RELEASED WHEN THE BANK OPENS, WHICH IS 3 AM OUR TIME EAST COAST BUT TREAT IT AS RUMOR. IF THIS DOES GO DOWN…THEN WE HAVE TO WAIT TILL TUESDAY. ALOT CAN HAPPEN BETWEEN SUNDAY AND TUESDAY.
9-2-2012 Mountainman: It’s hard for me to believe Iraq postponed the tariffs for the reason they are giving. I’m sure they knew what equipment they had and what they didn’t have. The goal for implementing tariffs at the beginning of next year tells me they are planning on having a higher exchange rate before then. First the CBI will proceed with their currency reform project then they will be able to impement the tariffs where it won’t have any negative effects on the country. I think the time for a RV will be perfect right after we have this National Meeting everyone has been talking about. It would make sense to have it before the Financial Summit in London in a couple weeks. It’s possible we’re closer to seeing real progress than we think.