Hi, Folks - Found at www.dinarguru.com : ===== 2-2-2014 Newshound/Intel Guru Eagle1 The last few days have been filled with some interesting events behind the scenes. We’ve seen the Bank of Baghdad begin selling its stock shares on the ISX at something like $7.19/share. The hilarious thing is that on the Iraqi Stock Exchange, the shares list at 2.09 IQD. When you do the math, it works out to $3.44 per Dinar. That is consistent with a report that came from a Senior VP at Chase who reported to us yesterday that he was seeing the new rates for the GCR on his administrative screens. The Dinar was listed at $3.44.[post 1 of 3....stay tuned] 2-2-2014 Newshound/Intel Guru Eagle1 This is a revalued figure we have been seeing since shortly after I had a sneak peak at the Iraqi Budget in the Spring of 2013. You may remember that I calculated the RV of the IQD on the basis of taking the projected income for the year against their projected expenditures. The number at that time was a fraction of a penny under $3.42. It appears they have pretty much maintained that number. This is not an RV of the IQD: this is an RI (or an approximate reinstatement of original value). Although there have been suggestions that the number may actually come out closer to $3.50 with the objective of achieving parity with the Kuwaiti Dinar, it appears to me at this moment that we may have to wait to see a higher value for the IQD. [post 2 of 3....stay tuned] 2-2-2014 Newshound/Intel Guru Eagle1 We really had expected the GCR to be released…so that the numbers would be available globally in readiness for the Chinese New Year…It seems that from a technical standpoint, this may have actually happened behind the scenes, but we won’t get to see the numbers on exchange screens at the banks before Monday/Tuesday, depending on whether the GCR is released to FOREX at 5:50 PM Eastern on Sunday night, or whether they wait until after Midnight Eastern.If the GCR is delayed until after Midnight Sunday, based on my past experience, I’d have to say that we will not get to do any exchanging until Tuesday morning when the banks open. [post 3 of 3]
