i am very confuse now . I was reading were 11-14-2013 Newshound Guru Kaperoni Article: "Central Bank plans to issue bonds in local currency for the first time since 2003" Yesterday, the CBI announced they were going to sell bonds denominated in dinar for monetary policy! This is huge as they are going to use this tool (bonds) to lower the market rate. Sell bonds for dinar, creates demand for dinar thus increases the market value (lowers the spread between official rate and market rate). Keep in mind this plan has nothing to do with the official rate of the dinar. This is an "in country" issue. The bottom line is, nothing is going to happen with the dinar till Iraq gets this rate in line with the IMF requirements. So were not going to see any movement or new exchange regime/Article VIII for at least 45 days...probably 90 days.
so does mean we have a other 90 day wait if so I am done .poppy /bgg help
11-23-2013 Intel Guru TD Here's a Very Important Update: ...press release from Governor Turki & the CBI. In concert now, all parties have agreed upon the implementation phase of currency reform to take place in 2014 as the new notes & coins will be introduced. The exact dates are being finalized but it appears likely before the elections. This should put to rest any other calls by anyone or discussion that any movement of any kind, be it RV, RD, RI or RX to occur in 2013. PERIOD!! It will simply not happen. For weeks now my source has been indicating AN IMPORTANT ANNOUNCEMENT to come by this month's end AND THIS IS IT. In the CBI press release... [post 1 of 2....stay tuned]
Read more: http://www.dinarguru.com/#ixzz2lUtoBhUF
11-23-2013 Intel Guru TD Iraq is making it known publicly to the world their intentions be absolute and put to rest whether or not there will be a LOP...and he also confirmed (emphatically !!) that the LOP of the existing notes will be done. Also, we discussed time frames allowed to exchange old notes... a window of AT LEAST one year (probably more) will be offered. He indicates that we will all find out in due time...that this C/E will NOT yield wild riches that have clouded the Dinar and Iraq's intentions for far too long and it should come to a rest sooner rather than later... what the CBI article disclosed and he confirmed, that this is not negotiable or points of discussion any longer. [post 2of 2]