8-13-2018 Newshound/Intel Guru Mnt Goat

Relax when it comes close to the reinstatement we will hear from the CBI. They have told me over and over again that when the time gets close, simply read the news media from Iraq. They fully intend to explain the process of the final stages of the “project to delete the zeros’ to the citizens. So far, they have kept their promises each time they geared up for the past target dates. I have no reason why they would not continue to do the same. ...So what did the CBI last tell us? They told us they needed a more “suitable timeframe”. This to us meant that the elections process first needed clean out the corrupt officials, which in turn would assist in stopping much of the money laundering, fraud and manipulation of the currency auctions. This is now all being taken care of as the election results become public. The judiciary just told us they ratified the results. So this is moving forward. [post 1 of 3....stay tuned]


8-13-2018 Newshound/Intel Guru Mnt Goat What to expect next from the CBI? So Eid al-Adha holiday in Iraq 2018 will begin in the evening of Tuesday August 21 and will end in the evening of Saturday August 25. I can assure everyone that the holiday has absolutely no significance in the timing of the reinstatement. FACT: The CBI is going to soon begin it’s long overdue educational program to the citizens on the reinstatement process and the launching of the newer category notes. This could come at the same time as the dinar is reinstated back on the currency exchanges or it might come days before. [post 2 of 3....stay tuned]


8-13-2018 Newshound/Intel Guru Mnt Goat Anyway that this happens, we are told they must watch for inflation in this process, as a sudden adjustment in the value of the dinar could cause prices to sore [soar ?] or even not adjust past the larger 3 zero notes. The prices must come down and adjust. This will not be deflation but an adjustment to equal value within Iraq. For instance, a 25,000 note will be worth $25 at a 1:1. Then as the rate adjust on the FOREX float and rises for example to $3.00 USD, this same note can be worth $75 in Iraq. So you can see the increase in purchasing power at the marketplace. It is all relative and not a “lop” being performed but an “redenomination”. [post 3 of 3]