3-10-2021 Newshound/Intel Guru Mnt Goat Article: “REPRESENTATIVE ECONOMIC: THE CONDITIONS ARE READY TO ADJUST THE EXCHANGE RATE AND THE OIL BARREL IN THE BUDGET” Quote: “…Al-Faily said, “THE CONDITIONS ARE IN PLACE TO RESTORE OR REDUCE THE EXCHANGE RATE OF THE DOLLAR AGAINST THE IRAQI DINAR IN THE DRAFT BUDGET” this article…is powerful. They are telling us that now that the “economic conditions are ready” they are ready to adjust the exchange rate. No more excuses. But they need the new rate in the budget. I know for a fact they will never put the rate in the budget until it is all completed. So Al-Faily knows what he knows but not what the CBI will ever do for security reasons.
3-10-2021 Newshound Guru MilitiaMan A process had to be brought fourth…a currency reform is complex…It’s not an easy task to do what they’re doing. They have to set up things. They’ve got decisions that need to be made. They have to set the stage for the economy to be able to do this. And they have to have components of psychology involved because the people can’t adjust… ultimately they had to get everything in order…kicking the can? …or were they really just stalling for the system to be in place? …eventually they’ve got to finish it…I think the 2021 budget, the Kurds, Hydro Carbon Law – they’re all waiting for the same thing – the time to get that phone call saying show up. It’s show time!
3-10-2021 Intel Guru Footforward [I believe you said in the past it has to come out min at 3.50$ right?] that is my opinion yes.
3-10-2021 Newshound/Intel Guru Petra It’s just mind boggling to think of every step, every person, every integration, electronic integration, everything that had to be done to bring us to this point has just been absolutely amazing…the infrastructure they’ve built is absolutely phenomenal…the great thing is this is going to take them to a whole new level which they can build their country to be a recognized entity in the international markets…
3-9-2021 Newshound Guru Pimpy Article: “Al-Halbousi directs to include the budget bill next Monday” I think we are at a place right now where this negotiation is going to get finalized between Erbil and Baghdad and you’re going to see shortly after that the budget go ahead and passed. Something about the presence of the pope changed people’s views on things and they decided to start cooperating which is very good…
3-9-2021 Newshound/Intel Guru Mnt Goat …March is going to be a very significant month for everyone everywhere. This week I took the time to call my contact person in the CBI. I am told the IMF just completed a week-long high-level meeting with to finalize the project to delete the zeros and just how they plan to roll it out…Why would they do this now? Also, in this meeting they talked rates for the in-country revaluation and then the later reinstatement. The rates are rising as oil is rising to over $70+ a barrel. I was reminded by my contact that they will soon be no longer dependent on the currency auctions. This was fantastic news as I know what this means. They have not yet used the Buna system but are fully functional and tied into it…
3-9-2021 Intel Guru MarkZ [via PDK] We are in a good spot right now…sit tight…we are awfully close to the end of this…the folks on the ground in Iraq are also expecting it [a major announcement about their currency] within the next few weeks. In Iraq they very much expect a new value before April 1st. Even Mr. C [Guru Mike Cottrell] thinks we could go at any moment…i would not be surprised to get a call at any moment.
3-9-2021 Newshound/Intel Guru Petra Because there is a huge amount of infrastructure that was necessary to bring this whole thing together and now looking in hindsight…we see the requirements what were necessary for the premise ‘It can not fail with the citizens.’…there was no true “kicking the can”. It was the development of the infrastructure that was necessary so it would be successful…a lot of work had to be done…to make it work. And to make it clear no more shenanigans can go on inside Iraq banks and markets. It’s going to be a clear transparent system by which currencies and businesses can transact in the world we call Iraq.
3-9-2021 Newshound/Intel Guru Walkingstick [via Frank26] One of the many meetings going on is with the IMF at an executive level with the banks of Iraq on the subject of the new exchange rate and the new small category notes…they were presented multiple exchange rates…when they tell the citizens the new rate and they show them the new notes – it’s the onset. 1. At the onset they will release their currency at the 1 to 1 rate (In the very near proximal future). 2. The CBI has been given a benchmark to collect a certain amount of the 3 zero notes…the time frame is not carved in stone… 3. These meetings are to conclude the re-denomination of the new small category notes.
3-9-2021 Newshound/Intel Guru Walkingstick [via Frank26] Number one…They have a time frame that is solid…the onset of 1 to 1 is for the citizens domestically because a dinar is a dinar but it’s also for the International world… Number two represents an adjustment in the exchange rate of 1 to 1 when the CBI reaches a certain assigned benchmark of collecting the 3-zero notes. They need to collect a particular number…of notes and a particular value…before the second increase in the exchange rate… Number three is the conclusion of #1 and #2…the time frame is unknown. We don’t know how long it will take them to collect the 3-zero notes…Number 4 Internationally IMO I see this thing capping at $4.25…IMO about 8 months for it to reach that cap. You gotta know when to hold’em and when to fold’em…
3-9-2021 Newshound/Intel Guru Mnt Goat Article: “AL-KAABI CALLS FOR A SERIOUS AND URGENT STOP TO RETURN TO THE PREVIOUS DOLLAR EXCHANGE RATE” Just so much news about the exchange rate. Yes, lots of pressure from all directions to finally go back to a normalized rate and off the sole de facto peg of the US dollar. It is time. It will happen. I can not give you a time as I do not know, but I do know they are discussing it and making plans for it in 2021 not 2022.
3-9-2021 Intel Guru Frank26 …The international world has been set up to enter Iraq. We can see the articles. The international world would not dare enter Iraq if they have not been in Article 8, if all the UN sanctions had not been removed, if they didn’t have protection for their currency…they are article 8 and that’s why counties are coming into Iraq. Because they lifted the value of their currency, whether it be on the secondary books electronically or whatever. It’s been done…the international world is ready to come into Iraq. That screams a new rate…IMO 1-2-3 this is it!
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