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  1. #1
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    The Best of GURU Kaperoni 04-11-2015

    4-11-2015 Newshound Guru Kaperoni ...earlier this week...an article...mentioned the CBI met with the Parliamentary Finance Committee. Quote: "In turn, justified the Governor of the Central Bank, according to the statement in response to queries from members of the committee not to implement the project to delete the zeros because it Aigll of paper the size of likely benefit to export more to reduce the number of categories in advance..." it is huge news...it is a quote direct from Ali al-Allaq's mouth...Ali al-Allaq is the CBI gov...it does not get any better. here is the correct translation..."From his side the governor of the central bank explained to the members of the monetary committee why the central bank is not implementing the deletion of zeros right now because it does not lessen the quantity of banknotes preferring the larger banknotes to reduce the number!" ...it is just great news! ...we know they want to reduce the physical note count from 4 billion to 1 billion and Allaq says he is not doing the deletion of zeros because that does not reduce the count. Only a lop reduces the value, but not the count...so he is saying clearly...we are not going to LOP...because that does not reduce the note count. that is rock solid proof that the dinar will not LOP because it is direct from Allaq's lips.

    now part 2 of that sentence...they want to use large banknotes to reduce the number...that is also confusing...they are not going to use large banknotes and there is a new campaign starting talking about 50,000 dinar or 100,000 dinar...not happening! How do I know this? because introducing larger notes does not reduce the note count either...in fact it creates more! so what does Allaq mean? he means they will use notes with higher value to reduce the note count...in other words...lower denominations with a higher exchange rate...that is the only way to reduce the note count. in fact I can also prove this...back in 2012 the CBI told the Currency book that they were going to release a 50,000 dinar note (but marked at a 50)... So the CBI is going to raise the value, introduce new lower denominations with "higher value" and that will allow them to reduce the paper notes from 4 billion to 1 billion. ...I have direct information from an economist in Iraq supporting this.

    the appreciation will be gradual...that is the only way they collect those notes and retire them [But still a float?] absolutely...that is what will happen...as the value raises, the notes are retired and new smaller notes with that additional purchasing power come out...in the end, Iraq has a 1, 5, 10, 20, 50, 100 equal to the dollar. [is 1166 the start rate or do you think it will go international at different rate?] it will start there but it wont stay long. they could never afford a RV not even at a .10. it has to be gradual or the money supply in the trillions would bankrupt them. if iraq creates the right environment, laws, stability, etc. the dinar is undervalued and should rise fast! forget about $3 never happening...the goal is 1 to $1. I believe it will happen over a 1-2 years...we may see .10 by end of year...if were lucky and .50 by end of 2016

    From Batman:
    MY GOAL IS 1 DINAR = 1 USD


  2. #2
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    Newshound Guru Kaperoni

    Article quote: “Iraq agreed at the closing of his talks with the International Monetary Fund, the Fund to provide emergency financial assistance within the government's plans to reduce public expenditure.” Iraq does seem to be creating the perfect storm for currency reform...higher prices in the markets, loans, investment agreements, low oil prices, delayed wages and salaries,etc. It would seems something has to give soon.


  3. #3
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    5-3-2015 Newshound Guru Kaperoni Article quote: "BAGHDAD Mustafa al-Hashemistrengthens the presence of the credit rating of any country in the world to get the funding they want through local or foreign markets..." It's pretty obvious that getting this rating will help them lure investment capital for the market economy. Which indirectly will effect the exchange rate...as more investment comes in, it creates inflationary pressure to raise the dinar exchange rate. So another piece of the puzzle and a good thing that will help them grow the economy.


  4. #4
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    Article quote: "Iraq is undergoing numerous challenges, including the economic and financial situation and we want to take advantage of the financial crisis to build a healthy economy depends on long-term strategy and vision as far away as possible from the prosthetic solutions." IMO, the above statement is confirmation that there is no overnight RV (prosthetic solutions). That the plan is as Dr. Bakri stated, and the CBI has stated recently (up to 4 years) and based on sound economic principles which will allow the dinar to appreciate based on the success of the economy. Which also is what the IMF stated in the Article IV Consultation. Time will tell..but this article to me is more confirmation we need to be patient and let this come to us.


  5. #5
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    5-15-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: Print new monetary categories in preparation for the deletion of zeros from currency" Quote: "the new denominations to be printed will be of category 50 100 thousand Iraqi dinars." Until it happens and its discussed on TV for the citizens I question it. Even though it might reduce the physical paper, it makes little sense. If citizens don't use banks and keep dinar in their mattresses, all that will happen is they will trade a few 25k notes for these new 50k and back to the mattress they go. The end result will be even bigger problems once they start to raise the value. IMO, the best solution is to reduce the paper and the money supply through the liberalization of the foreign exchange...Once they have the majority of the 3 zero notes off the street, they can switch exchange regimes and start to raise the dinar. Simple and effective.


  6. #6
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    ohh lord!!

    When this guy will shut his mouth !!

    And who the hell is Guru Pepperoni ???
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

  7. #7
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    Don't stop now

    Quote Originally Posted by millionairetobe71 View Post
    ohh lord!!

    When this guy will shut his mouth !!

    And who the hell is Guru Pepperoni ???
    LMAO. You are on a roll. Keep going. LOL.
    -- Guru HumbleGenius
    ---------------------------------------------------------------
    "Sumerian News", that "the real value of the coin is the value of goods received by the individual and on the strength of the national economy"

  8. #8
    Supporter and Investor! millionairetobe71's Avatar
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    Quote Originally Posted by HumbleGenius View Post
    LMAO. You are on a roll. Keep going. LOL.
    -- Guru HumbleGenius

    Man, this dude.....he is like a fly on dog turd...it just doesn't go away... I mean...he doesn't get the point that absolutely no one cares about what he "copy and paste"...

    Maybe his mom didn't gave him enough juice from her micro-mamalias and now he is mad......

    C'mmon....he just need to stop
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

  9. #9
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    5-19-2015 Newshound Guru Kaperoni Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The reality is that the banking sector came to Iraq in hopes of participating in the investment and reconstruction of Iraq. And the GOI, parliament and ISIL have stalled progress to the point that now the banking system is failing. We all knew this...we all saw it. You can only sell dollars at auction for commission for so long...and selling cars out back is not really banking business either. So the CBI is in a predicament...they are going to bail banks out using reserves to save the weak financial system. Certainly not a way to show the world you are ready for investors. Not a good solution any way you look at it.


  10. #10
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    6-1-2015 Newshound Guru Kaperoni Article quote: "Said Governor of the Central Bank of Iraq...that early 2016 will see the issuance of new categories of paper currency is the dinar and 50 000 100 000 dinars, the Iraqi currency notes series." To me this means - that this step will be the beginning of the currency reform process that will occur in 2016. Well, if you believe what he is saying it looks like we wont see these larger notes till beginning 2016. That also means any further reform (deletion of zeros) apparently won't start until at least mid next year. They have waited years to return to prosperity and they are kicking the can down the road. I guess parliament has time now to pass those stalled laws. ...unfortuately this appears to be the decision. That being said...that decision has merit...as they will insert this step prior to the beginning of the delete zeros process to reduce the "flabby" money. As [Guru] Enorrste has stated, reducing the physical note count is real and as well, hopefully gets citizens off the dollar. If it works, it will certainly help them as they prepare to delete the zeros shortly thereafter.


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