12-3-2019 Intel Guru Frank26 …Ten articles from the CBI came out today. I told you they were going to talk. They were like parrots on steroids…the GOI is exploding in a manner that the citizens want and that would bring in the environment suitable for what the CBI is about to do…
12-3-2019 Intel Guru MarkZ A lot of my sources are expecting a daytime event today – they believe it will appear before Wed. morning Iraq time…some other sources had expected it overnight last night. We have lots of different sources, banking side, treasury side, military side, foreign government side…and they all have different approaches when it comes to trying to track this thing. Remember no one knows the exact time until it pops. All we can do is guess based on news we are hearing and seeing.
12-3-2019 Newshound Guru Kaperoni So the protestors wanted PM Mahdi to resign…which he did, but the result will cause delays in reforms. New formation of GOI will take at least a few months, delays in passing laws also. The end result is a 6 month to 1 year delay in my opinion of implimenting economic reforms and creating a private sector. And as usual, parliament loves to have a distraction rather than focus on what they should be doing…which is passing laws…the facts don’t lie. Until the laws are passed and stability exists nobody is coming to invest. And until they have significant investment, the CBI will not begin currency reform.
12-2-2019 Intel Guru MarkZ [My understanding is the UN Security Council rotates the President and USA is up as of Wednesday. UN was the first to put sanctions on Iraq and is the only one left to release sanctions. I expect USA being President now is to release those final sanctions.] Study the history of fiat currencies…This is the longest stretch in recorded history that a fiat currency has gone without imploding. It will implode…we will go back to a gold/asset standard and we will have a revaluation.
12-2-2019 Newshound Guru MilitiaMan Article: “Al-Hadithi: The cabinet will send the budget law to parliament in the coming days” In essence imo this will expose the 2018-2019 (rider) that may have been or was used to keep the 2020 Budget under wraps to date… And this is all to happen within the coming days… So they say they need to do it quickly, as there is an existence of financial commitments that can not be stopped, thus, they merely suspended the financial commitments (loans/contracts) for the month ending 01/02/2020, as noted in the article… [Guru] Delta posted. – ..imo.. ~ If that is the case then, shut the front door Alice! lol ~imo~
12-2-2019 Intel Guru Frank26 Now your banks are telling you [Iraqi citizens] what the CBI has been telling the upper echelon of banks in Iraq what the CBI wants to do. Add value to the currency. Give you purchasing power. Show you all this modern technology. Introduce you to the new ATM machines they have inside the banks. Show you the new small category notes. Start educating you about the fils which are coming.
12-2-2019 Intel/Newshound Guru sandyf CBI and so many others have all but said the Dinar is going up in value, The “Dinar” is the monetary unit of Iraq, as opposed to the currency. A redenomination would increase the value of the “Dinar” and reduce the amount in circulation. I have referred in the past to 2 entities that I had dealings with that were outside the realm of dinarland. In the middle of last year both were shut down by the authorities. One was revealed to be a scam and legal proceedings were initiated. The other however was given a clean bill of health and came back to life. They are now making encouraging noises about something happening later in the month with the outcome being visible in the new year. People really should consider the possibility of 2 separate events rather than getting hung up on Iraq. The deletion of zeros is purely an Iraqi issue and could be a long time away.
12-2-2019 Intel Guru MarkZ [via PDK] I still absolutely believe we will see this well before Christmas. What I am hearing from my bankers is they worked part of the day on Saturday and were on call all weekend. What I have been told from a number of sources is that there is a computer system that controls the release…it knows when they will release it…it will be a random release…no human being knows this time. I believe we could be days or even minutes away from seeing this release. Iraq closed down all loans and currency sales…this should tell you a whole lot. My contacts in Iraq think the release is on Wed. It’s always been a “when” not an “if”. The best thing we can do today is make sure we are ready…have all our ducks in a row.
12-2-2019 Newshound/Intel Guru RVAlready Mahdi is gone now. The CBI should be able to do the RV. Then the new election law can be enacted, and the government replaced… I think this will happen quickly, for the protests demand it.