Question: Garryowen: concern about the 4.00+ rate of exchange in USA (assuming you are citizen in USA and plan to exchange there, since you did not say) Very skeptical of this high of a rate and said it is all just speculation.
Answer: Really? You think it is all JUST speculation? Mnt Goat is not assuming anything and this is NOT speculation, as I see it but then again we have to start somewhere. I would not put a second mortgage on my house based on this rate to buy more dinar if that is what you mean and intend to do based on you inquiry.
The IMF has themselves told us very specifically what to expect when the IQD revalues. They begin at a base pre-war rate of $3.22 the add on %’s based on assets of country since Saddam and go from there adding in value since the war.
Answer: Really? You think it is all JUST speculation? Mnt Goat is not assuming anything and this is NOT speculation, as I see it but then again we have to start somewhere. I would not put a second mortgage on my house based on this rate to buy more dinar if that is what you mean and intend to do based on you inquiry.
The IMF has themselves told us very specifically what to expect when the IQD revalues. They begin at a base pre-war rate of $3.22 the add on %’s based on assets of country since Saddam and go from there adding in value since the war.
Just because you are not privy to this information does not make it not FACTUAL. Stop listening to the Iraqi rate as to when they exchange at 90 cents - $1.14. This has nothing to do with your exchange rate. This is not the RV. Did you hear me…NOTHING ! How many times must I say this? They are going from USD to Dinar and they are on a totally different SDR. Think about this – right now it takes 1166 dinars just to get one USD in exchange from the banks in Iraq. So when they launch the lower denoms the plan is to go up to around .90 - $1.14. So who is really benefiting the most? If they then want to exchange back to USD and are in the USA with their new lower denom currency they will also get the same rate you get. Get it?
But they are not in the USA, they are in Iraq. Totally different scenarios for exchange and I warned you in my last news letter date 11/20 (LINK) not to mix apples and oranges. I told you it could get confusing real fast and I can see you are confused. Shame on you for not reading my news letter again as I asked you to do. Go back re-read what I said in my news letter dated 11/20.
Question: yrmall: concern about the public now having the 50k notes since they exchange the 10k and 25k for a 50k note. We were told that these notes are not made for the public, only government and banks use, for large transactions...? So why does the public have them?
Answer: Remember yrmall that I said the 50k notes are a TOOL. First they will be used them to draw in the 10k and 25k notes thus reducing the money supply. When you reduce the money supply↓?, the rate goes up↑. Simple micro-economics nothing really brain storming about this.
By doing this it will allow them to drive up the rate to .90 - $1.14 as I said it will come out for IN COUNTRY OF IRAQ ONLY. But hang on there is part B to this process and you are missing this part. Next they got to recall all these 50k notes later.
How and when will they do this?
When they come out with the .90 - $1.14 rate the citizens will gladly exchange the 50k (a three zero note) for the lower denominations if they are worth more. Get it? Then going forward these 50k notes will be stored by the banks and use solely for interbanking and international trading transactions – now out of the hands of the citizens. Seems you only remembered part B and not part A. Hope I helped to clarify it for you.
Question: bubbajar: Concerns Mnt Goat is mixing terminology. Coins = Paper Currency, Fills = Metal Currency? Please explain.
Answer: All I can say is go to the CBI website yourself and see them for yourself. NO Hype, NO Rumors, Just the FACTS. The information is all there. Perhaps Mnt Goat is not the one mixed up?
Question: rob: Wants to know how to grow his blessings. Any recommendations? He is assuming the money he will have after exchange?
Answer: I am not a financial advisor and this is not the purpose of my news letters. So please consult with a financial advisor. They are the BEST resource to help you. Growing money is different for everyone since we all have different goals. Without knowing who you are, your status, how much money you will have post exchange or your financial needs I can not even begin to tell you. This alone scares me in that you ask me this question thinking it is so simple and I can actually throw something out to you without knowing all your parameters. I am not trying to be arrogant but come’on give me a break I am not a mind reader….lol….XOXOX
Next I will address questions were raised in reply to my Thursday 11/19 news letter (LINK). All are very good questions. Thanks to GeorgeH for also forwarding these to me. Hope you all are reading today’s news
Question: mary johnson: What are the 7 currencies in the first basket?
Answer:
Who cares what is in the basket of currencies? I am all about the Iraq dinar and I hope you have some. This is then ONLY sure revaluation we can expect. ALL THE REST ARE PURELY SPECULATION. Get it – SPECULATION and a lot of people are going to be burned. I can see you have not been reading my news letter. If you did you would not be asking a question about this GCR. I am so sick and tired of all this. GO BUY SOME DINAR AND FORGET ABOUT ALL THE GCR. Forget about who is filling your head with this nonsense.
Question: The Bee: In this scenario the money supply on CBI balance sheet stays the same......how does that help the situation?
Answer:
The money supply will go DOWN ↓if they pull the currency back (10k and 25k notes) and if they can pull back enough in the time period they need to do it you will see they will JUSTIFY the rate they want to push out and that is a 1:1 rate 1 dinar : 1 USD or .90 - $1.14.
Simple micro –economics of supply and demand. Supply goes down ↓ demand then goes up ↑, but only if the rate goes up ↑ to create the demand since if you make it more cost effective you create an incentive and consumers will willingly want the higher value. So what will be higher? – the dinar or the US dollar? Why keep the dollar or the 3 zero notes when you can get the lower denominations and they are worth more.
Please, please go back are re-read my 11/19 news letter. Did you do that? No? Shame on you!
I guarantee you that if this does not work they have another plan up their sleeve and will keep trying until it works. But they are working now closely with the IMF and some of the TOP brains in this field. They have done this many other times in the past with other countries only you never hear about them. Just relax and watch how it all plays out.
Yes, - Robert you are correct, since for Basil III requirements Iraq can not go to a fiat currency. They must value their currency based on the value of realistic asset rules. This alone can justify the RV value but you have to get there first and they need to get these darn 3 zero notes out of circulation. This should have all been done years ago and so they are very late due Maliki and now ISIS.
Questions and Answers Ends Here
So please feel free to ask questions from my news letters. GeorgeH was so kind as to volunteer to forward them to me to help you in my future news letters. But this will not last forever only for the next couple weeks. I will try to keep this section open in the news letter for you.
So ask away!
Update: Currency Reform
So today out pops the second article on this topic of the lower denominations. Remember what I said? If there is two or more article close together on the same topic PAY ATTENTION something is about to happen. Pressure is being exerted but they must first let the 50k notes take their course to retrieve the 10 and 25k notes. Only we are outsiders and we don’t know how long they intend to let it run. Maybe they do not know either and are just basing a timeline on how long it takes to draw in a certain amount?
This is where we must rely on the articles to give us an update. Just like I am sitting here writing this news letter I am positive we will be hearing shortly on the progress of this process.
So here is the second article on this topic in three days.
Article Begins
PARLIAMENTARY ECONOMY: THE CATEGORY {50} THOUSAND DINARS DO NOT CAUSE ANY INFLATION, AND THERE IS AN INTENTION TO ISSUE LESS THAN A {250} DINAR CURRENCY
History of edits:: 2015/11/20 16:0
{Baghdad: Euphrates News} saw a member of the Parliamentary Commission of Economy Najiba Najib that the category {50} thousand dinars to cause any inflation, and there is an intention to issue less than a {250} dinar currency.
She said Najib told {Euphrates News} on Friday that "the issuance of a class of {50} thousand is a good step but not cause Tkhaddm in the market because the issue of inflation dominated by the central bank," indicating that "the Iraqi currency lacked the large and small currencies".
She added, "If we compare ourselves neighboring countries, the Iraqi currency need to improve and develop and strengthen where there is an intention to print currency the {100} Elf but has been postponed until further notice, as has been done the {500} new dinars design and there is an intention to issue coins less like fifty dinars for the benefit of the citizen.
"The bank CBI had announced earlier in the issuance of new banknote category fifty thousand dinars in order to complete the Iraqi banknotes structure, and the development of high-class value in circulation.
It is noteworthy that the parliamentary Finance Committee announced earlier that the Central Bank of Iraq in connection with the introduction of new process 100 class dinars Elf after the issuance of 50 thousand dinars category
Article Ends
Article Begins
KEYWORDS, THE "OTHER" OF NON-PROFESSIONALS, HAS LAUNCHED REMARKS ON MONETARY POLICY AND THE WORK OF THE CENTRAL BANK OF IRAQ
Here is the link to the article. It is very long and so I did not include the entire article.
http://ift.tt/1Nhf9IK
Article Ends
But they are not in the USA, they are in Iraq. Totally different scenarios for exchange and I warned you in my last news letter date 11/20 (LINK) not to mix apples and oranges. I told you it could get confusing real fast and I can see you are confused. Shame on you for not reading my news letter again as I asked you to do. Go back re-read what I said in my news letter dated 11/20.
Question: yrmall: concern about the public now having the 50k notes since they exchange the 10k and 25k for a 50k note. We were told that these notes are not made for the public, only government and banks use, for large transactions...? So why does the public have them?
Answer: Remember yrmall that I said the 50k notes are a TOOL. First they will be used them to draw in the 10k and 25k notes thus reducing the money supply. When you reduce the money supply↓?, the rate goes up↑. Simple micro-economics nothing really brain storming about this.
By doing this it will allow them to drive up the rate to .90 - $1.14 as I said it will come out for IN COUNTRY OF IRAQ ONLY. But hang on there is part B to this process and you are missing this part. Next they got to recall all these 50k notes later.
How and when will they do this?
When they come out with the .90 - $1.14 rate the citizens will gladly exchange the 50k (a three zero note) for the lower denominations if they are worth more. Get it? Then going forward these 50k notes will be stored by the banks and use solely for interbanking and international trading transactions – now out of the hands of the citizens. Seems you only remembered part B and not part A. Hope I helped to clarify it for you.
Question: bubbajar: Concerns Mnt Goat is mixing terminology. Coins = Paper Currency, Fills = Metal Currency? Please explain.
Answer: All I can say is go to the CBI website yourself and see them for yourself. NO Hype, NO Rumors, Just the FACTS. The information is all there. Perhaps Mnt Goat is not the one mixed up?
Question: rob: Wants to know how to grow his blessings. Any recommendations? He is assuming the money he will have after exchange?
Answer: I am not a financial advisor and this is not the purpose of my news letters. So please consult with a financial advisor. They are the BEST resource to help you. Growing money is different for everyone since we all have different goals. Without knowing who you are, your status, how much money you will have post exchange or your financial needs I can not even begin to tell you. This alone scares me in that you ask me this question thinking it is so simple and I can actually throw something out to you without knowing all your parameters. I am not trying to be arrogant but come’on give me a break I am not a mind reader….lol….XOXOX
Next I will address questions were raised in reply to my Thursday 11/19 news letter (LINK). All are very good questions. Thanks to GeorgeH for also forwarding these to me. Hope you all are reading today’s news
Question: mary johnson: What are the 7 currencies in the first basket?
Answer:
Who cares what is in the basket of currencies? I am all about the Iraq dinar and I hope you have some. This is then ONLY sure revaluation we can expect. ALL THE REST ARE PURELY SPECULATION. Get it – SPECULATION and a lot of people are going to be burned. I can see you have not been reading my news letter. If you did you would not be asking a question about this GCR. I am so sick and tired of all this. GO BUY SOME DINAR AND FORGET ABOUT ALL THE GCR. Forget about who is filling your head with this nonsense.
Question: The Bee: In this scenario the money supply on CBI balance sheet stays the same......how does that help the situation?
Answer:
The money supply will go DOWN ↓if they pull the currency back (10k and 25k notes) and if they can pull back enough in the time period they need to do it you will see they will JUSTIFY the rate they want to push out and that is a 1:1 rate 1 dinar : 1 USD or .90 - $1.14.
Simple micro –economics of supply and demand. Supply goes down ↓ demand then goes up ↑, but only if the rate goes up ↑ to create the demand since if you make it more cost effective you create an incentive and consumers will willingly want the higher value. So what will be higher? – the dinar or the US dollar? Why keep the dollar or the 3 zero notes when you can get the lower denominations and they are worth more.
Please, please go back are re-read my 11/19 news letter. Did you do that? No? Shame on you!
I guarantee you that if this does not work they have another plan up their sleeve and will keep trying until it works. But they are working now closely with the IMF and some of the TOP brains in this field. They have done this many other times in the past with other countries only you never hear about them. Just relax and watch how it all plays out.
Yes, - Robert you are correct, since for Basil III requirements Iraq can not go to a fiat currency. They must value their currency based on the value of realistic asset rules. This alone can justify the RV value but you have to get there first and they need to get these darn 3 zero notes out of circulation. This should have all been done years ago and so they are very late due Maliki and now ISIS.
Questions and Answers Ends Here
So please feel free to ask questions from my news letters. GeorgeH was so kind as to volunteer to forward them to me to help you in my future news letters. But this will not last forever only for the next couple weeks. I will try to keep this section open in the news letter for you.
So ask away!
Update: Currency Reform
So today out pops the second article on this topic of the lower denominations. Remember what I said? If there is two or more article close together on the same topic PAY ATTENTION something is about to happen. Pressure is being exerted but they must first let the 50k notes take their course to retrieve the 10 and 25k notes. Only we are outsiders and we don’t know how long they intend to let it run. Maybe they do not know either and are just basing a timeline on how long it takes to draw in a certain amount?
This is where we must rely on the articles to give us an update. Just like I am sitting here writing this news letter I am positive we will be hearing shortly on the progress of this process.
So here is the second article on this topic in three days.
Article Begins
PARLIAMENTARY ECONOMY: THE CATEGORY {50} THOUSAND DINARS DO NOT CAUSE ANY INFLATION, AND THERE IS AN INTENTION TO ISSUE LESS THAN A {250} DINAR CURRENCY
History of edits:: 2015/11/20 16:0
{Baghdad: Euphrates News} saw a member of the Parliamentary Commission of Economy Najiba Najib that the category {50} thousand dinars to cause any inflation, and there is an intention to issue less than a {250} dinar currency.
She said Najib told {Euphrates News} on Friday that "the issuance of a class of {50} thousand is a good step but not cause Tkhaddm in the market because the issue of inflation dominated by the central bank," indicating that "the Iraqi currency lacked the large and small currencies".
She added, "If we compare ourselves neighboring countries, the Iraqi currency need to improve and develop and strengthen where there is an intention to print currency the {100} Elf but has been postponed until further notice, as has been done the {500} new dinars design and there is an intention to issue coins less like fifty dinars for the benefit of the citizen.
"The bank CBI had announced earlier in the issuance of new banknote category fifty thousand dinars in order to complete the Iraqi banknotes structure, and the development of high-class value in circulation.
It is noteworthy that the parliamentary Finance Committee announced earlier that the Central Bank of Iraq in connection with the introduction of new process 100 class dinars Elf after the issuance of 50 thousand dinars category
Article Ends
Article Begins
KEYWORDS, THE "OTHER" OF NON-PROFESSIONALS, HAS LAUNCHED REMARKS ON MONETARY POLICY AND THE WORK OF THE CENTRAL BANK OF IRAQ
Here is the link to the article. It is very long and so I did not include the entire article.
http://ift.tt/1Nhf9IK
Article Ends
I will however give you some interesting notes, quotes and my commentary from the article.
First let me say that is it my opinion the main purposed of this article is to advise those skeptics and pessimists that the CBI has control of the economy and there is a plan in motion to create the needed stability. They are telling that in 2016 Iraq will begin a 5 year global economic and financial strategy. This does not mean we wait 5 years for an RV of currency since they already told us that by mid 2016, of this 5 year plan, they plan to be fully international.
Remember the millennium goals for the new century? I sent you links to the UN site in previous news letter so you can see for yourself the goals for Iraq. Now do you see why the UN is stepping up its game with Iraq and helping them? No more stalling!
I quote from the article – “noting that the majority of these statements marked "fallacies and pessimism and confusion, either because of the absence of an accurate understanding or intent It is the objective that stems from different motives linked to the political reality, and harassment and interests. "
I think many of you dinar investors outside of Iraq also share many of these same qualities. But this harsh feelings are a result of much stress and weekly anxiety over these any day / every week dinar RV windows that never happen. You listen to these so called “gurus” then you wonder why you feel this pessimism and confusion. It is all you fault. Stop listening to them!
I quote from the article –“the central bank to launch soon its strategy for the years 2016 - 2020, stressing that it "is built on the latest global developments in the banking and financial sector, the latest trends and tasks arising from developments in financial and monetary crisis”. I will be very surprised if we do not see the full blown RV by the end of 2015. I can not see them opening the budget for 2016 and continuing without a currency worthy of the value of the countries true assets.
Update: Much Needed Laws
There is much progress on the Amnesty and National Guard laws. I suspect we will see these laws this week. There was much news over the weekend on these topics. It is all a matter of satisfying all the parties as getting these laws correct is a critical part of the National Reconciliation process.
They do still intend on holding the Reconciliation Conference in mid December.
2016 Budget – I totally expect Iraq to pass the final version of this law by the end of November. They are on rack and the news is all very promising this will occur.
In past news letters I stated why these laws are all important and why we had to see them prior to any RV.
One more item today:
Let’s not forget to keep praying for the success of THESE IRAQI AND COALITION SOLDIERS. I believe their success is in part some of the acceleration of the process we are now witnessing.
“May there be a hedge of protection surrounding them and let the Victory be theirs against these evil doers who have no regard for humanity! We will pray until we see Victory! Amen “
All these prayers seem to be working.
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,
Mnt Goat
First let me say that is it my opinion the main purposed of this article is to advise those skeptics and pessimists that the CBI has control of the economy and there is a plan in motion to create the needed stability. They are telling that in 2016 Iraq will begin a 5 year global economic and financial strategy. This does not mean we wait 5 years for an RV of currency since they already told us that by mid 2016, of this 5 year plan, they plan to be fully international.
Remember the millennium goals for the new century? I sent you links to the UN site in previous news letter so you can see for yourself the goals for Iraq. Now do you see why the UN is stepping up its game with Iraq and helping them? No more stalling!
I quote from the article – “noting that the majority of these statements marked "fallacies and pessimism and confusion, either because of the absence of an accurate understanding or intent It is the objective that stems from different motives linked to the political reality, and harassment and interests. "
I think many of you dinar investors outside of Iraq also share many of these same qualities. But this harsh feelings are a result of much stress and weekly anxiety over these any day / every week dinar RV windows that never happen. You listen to these so called “gurus” then you wonder why you feel this pessimism and confusion. It is all you fault. Stop listening to them!
I quote from the article –“the central bank to launch soon its strategy for the years 2016 - 2020, stressing that it "is built on the latest global developments in the banking and financial sector, the latest trends and tasks arising from developments in financial and monetary crisis”. I will be very surprised if we do not see the full blown RV by the end of 2015. I can not see them opening the budget for 2016 and continuing without a currency worthy of the value of the countries true assets.
Update: Much Needed Laws
There is much progress on the Amnesty and National Guard laws. I suspect we will see these laws this week. There was much news over the weekend on these topics. It is all a matter of satisfying all the parties as getting these laws correct is a critical part of the National Reconciliation process.
They do still intend on holding the Reconciliation Conference in mid December.
2016 Budget – I totally expect Iraq to pass the final version of this law by the end of November. They are on rack and the news is all very promising this will occur.
In past news letters I stated why these laws are all important and why we had to see them prior to any RV.
One more item today:
Let’s not forget to keep praying for the success of THESE IRAQI AND COALITION SOLDIERS. I believe their success is in part some of the acceleration of the process we are now witnessing.
“May there be a hedge of protection surrounding them and let the Victory be theirs against these evil doers who have no regard for humanity! We will pray until we see Victory! Amen “
All these prayers seem to be working.
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,
Mnt Goat
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