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Friday, April 22, 2016

BGG News & Member Q & A 4-22-16 Part 1 of 2

DINAR UPDATES 4-22-16
Post From Dinar Updates

BGG:  Ok – so here it is…
 
I have been working on this info for a couple of days now… I needed to look into it, capture some screen shots on my own and mull it over before I put this out…
 
It appears, last Tuesday, for about 3 hours – the Investing.com trading platform was showing an increased value to around 8 1/2 cents… I’ll add more details as we go… 
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Here is a screenshot taken last Tuesday, showing a clear increase in the value of the Dinar. Obviously, only for about 3 hours, but still… very exciting.
 
To “fact check” this for yourself, go to – http://ift.tt/Uww2yp – move your cursor to “More”… click on “Currencies”… In the Middle East section find USD/IQD – click on it…
 
Just under the USD/IQD overview – there is a line that has the “1H” shown below… click it, you will notice that for approximately 3 hours on the 19th, the value (on this platform) of the IQD was reflected as approximately 8 1/2 cents (more on how I arrived at this later).
 
BTW – It obviously shows a significant increase (like – almost 10,000%). When you place your cursor in the lower right hand circle… it will show a value (at that time) of 11.8 Dinars per USD. WOW!! (Thanks to thh for providing this info)…
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​Note the “day range” of 11.8-1,165.10 Dinar to the USD… NICE. We’ll see how this ends up – but this is notable. Are trading platforms “quirky”? Yes, notoriously…
 
However, this shows up a number of different ways, and not just in one instance… though it doesn’t show up on all of their templates, this goes hand – in – hand with the recent vein of news that Iraq is “readying” themselves for some “major integration” with the world markets.
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11.8 DOES NOT mean they simply “removed the zeros” – it would have had to move one more decimal place if this were the case. This reflects (and that is all I am commenting on – what this platform reflects).
 
It is reflecting 11.8 Dinars per 1 USD. To figure the value – since it is in divisions of 1 USD… take 1 (USD) divided by 11.8 = .08475 (ish)… or about 8 1/2 cents. Is this where I think it will end? NO.
 
Is this where I think it will start? It may already have. I am neither predicting nor proclaiming… I am simply sharing and commenting on what is readily available.
Very exciting times…
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​This is next one is a real stunner… they refer to Shabibi as the “current” Chairman of the CBI (note his name in the red circle below – this I captured myself, as a screen shot).

Could this be he still is, and Alak is still viewed as the “proxy” Gov of the GOI – for sure… but very interesting, to say the least.

http://ift.tt/1gVHrsb
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