1-9-2020 Newshound/Intel Guru Walkingstick the CBI has told us that all banks in Iraq are going to receive the 50,000 and the 100,000 freshly printed bills…The reason for it is because the CBI is now lessening the amount of 10k and 25k notes in the inventory of Iraqi banks. They want to get more of the three zeros…the CBI is sending 50k and 100k notes only to be used from bank to a bank. Each bank is getting a different specific amount. Each bank must send to the CBI in return either 4 – 25K notes or 10 – 10K notes. We [walkingstick’s firm] have not received them yet. Some banks have. We believe we will be next. They are only to be used from bank to bank not for circulation. The 50k and 100K are not to be introduced to the citizens. They are to introduce the small category notes when told on their schedule. This is being used to remove the three zeros notes from the banks not to draw them in – that was already done…
1-9-2020 Newshound Guru Adam Montana What an end to 2019, and what a start to 2020! 2019 ended in Iraq with a flurry of activity. The Prime Minister resigned, the Iraqi President threatened to do the same. There were major protests, huge shifts in the landscape, and a lot of uncertainty. …This is exactly the type of situation where big things happen, but the world is so busy watching the “news” that it just slips under the radar. The uncertainty continues with the current situation regarding Iraq, largely because of the situation with their neighbor Iran. …this is a fluid situation – things change fast…
1-9-2020 Newshound Guru Adam Montana Like it or not, the United States just influenced the timing and chances of a near future revalue on the Iraqi currency…but I don’t believe the current events have altered the destination at all. In fact, the attack on Iranian terrorist Suleimani …is likely in favor of a quicker path to an RV. …it is going to be a bumpy ride, but it won’t last forever. When it’s over, I believe we will be in a far more favorable position to see the Iraqi currency skyrocket. Yes, I said that word: Skyrocket…we are indeed in the middle of a very tense and hectic time…buckle up, hang tight, and be ready.
1-8-2020 Newshound/Intel Guru Francis Albert …I know one thing for sure….The IMF and the Dollar Inc. FED etc. all Central Banks are run by the same crowd. They hang together talk and sit with one another. If these people want Iraq to go forward with monetary reform, as ALL evidence suggest. IMF can do what they want, and in the paperwork that has a check mark on “Is currency in compliance for 18 months? ” They can check Yes, and who is going to say anything to argue the check mark. Remember in finance and Geo Politics…nothing…nothing is as it seems.
1-8-2020 Intel Guru Bruce [via WiserNow] …the soft start; if you will, the RV, GCR started …(Monday) – The President spoke with Steve Mnuchin and said let’s do this – let’s get this thing started – let’s get it going…so this thing is started and there’s no turning back – Now, we…are looking for our notifications to come out…the redemption centers…are also on alert…so, where we are – is very very close…
1-8-2020 Newshound/Intel Guru Mnt Goat WOW! Lots going on this past period in Iraq…millions of casual news consumers began this week believing that over the weekend, Iraq expelled the U.S. military from their country…The U.S. military is not currently under any order to leave Iraq… This is not as bad as it may seem on the surface… Now maybe Iraq can really get down to business of rebuilding their country and economy…We all need to sit and relax and watch this play out.
1-8-2020 Intel Guru MarkZ [via PDK] Redemption Centers are still staffed and ready to go . We are at a heightened state…They are ready and expectant. I still cannot be more positive at where we are at. We are in a beautiful, beautiful spot.
1-8-2020 Newshound/Intel Guru tman23 I’m more enthusiastic now then ever before, IMO Iran was an issue because the question being was…How can you back the IQD when the assets are always under the threat? Iran lost their 3 top military leaders and as I posted as told Hadr Ameri was picked up “arrested” by US military…there has been nothing in print yet to confirm but a very good source…so after last night it shows Iran is in a turmoil mess …SIMPLY PUT, everything is far better in positioning then it was…AND I PUT ZERO STOCK IN MAINTAINING THE 2%…rules change and that one is not engraved in stone.
1-8-2020 Intel Guru MarkZ [Are redemption centers regular banks or places set up for this?] I hear that in larger cities there are place set up specifically for this to handle volume and keep pressure off the banks. But, in smaller, rural areas they will use banks.