4-17-2017 Newshound/Intel Guru BGG […what your thoughts on that no float….I did some research and there are advantages and cons about a pegged rate. I read if theyd come out low it will help with trade but on the other hand it could raise inflation.] Not could – will…it would start an inflationary trend that might not be easy to stop. IMHO – it will be a “managed float” – meaning: it will look so much like a fixed rate – it might as well be fixed.
4-17-2017 Intel/Newshound Guru tman23 …They have been preparing and been prepared… The Kurd disagreements are not holding it back simply because all banks are following central bank laws and… Kurd government are enforcing currency laws…money laundering etc…
4-16-2017 Newshound Guru Stryker Article: “Iraq resumes next Friday talks with the International Monetary Fund and the World Bank” What makes this so interesting is that everyone is meeting in Washington after they already had 12 day meeting in Amman just last month.
4-16-2017 Newshound Guru Breitling …Think about all the numbers we’ve been watching over the years…we knew what we needed to look for…We always talked about the note count. The note count has to be going down. At it’s peak when I got into the dinar…it was 15 trillion dinar…NOT NOTES…dinar. The max Iraq has had is 9 Billion notes which represented about 30 trillion dinar. So what does that mean? If you have 1 note that’s worth 25k and one note that’s worth 10k, you can see how there are more dinar than there are notes and that’s why we need to be able to parse those numbers to understand exactly what’s going on. But the total was 30 trillion dinar out there and they brought that number down by reducing the note count. So what are we at today?
4-16-2017 Newshound Guru Breitling …They are talking about being at about a billion notes. And what does that billion notes represent? 11 Billion 600 million dinars…the General who actually took the old Saddam Hussein notes out of circulation and put the new dinar that you and I have in circulation…He did an interview. He was asked, “What’s Iraq’s goal?” Get back to $3.25…and get the note count down to a billion. And they are on track to be able to do that. (That doesn’t mean they are going to come out at $3 the next day…cause it would be instantly too expensive to do business with Iraq.) But they are there…that’s what the report was about…I’ve been looking at this for about two weeks but I wanted to make doubly sure. What they are saying is the Central Bank actually has more than a billion…but what’s in circulation? About a billion notes which reduces it to about 11 billion dinar. That is remarkable. You should be very very happy and it should play into you having a great Easter weekend!
4-16-2017 Newshound Guru chattels Isis ‘minister of war’ is killed by allied airstrike in Mosul. The highest ranking Islamic State commander in Mosul, described as the jihadists’ minister of war, has been killed in an airstrike.