EAGLE1 is saying that Iraq is going to do an RI - NOT an RV

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.

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 [b]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.

[/b]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.

 Hog wash , I will say I'm sorry if I'm wrong . Better yet this is totally BS.

Someone please show me somewhere, anywhere, that the stock of Bank of Baghdad is selling/sold for $7.19.

I'm not sure if what Eagle1 says is true or not, but it sounds more plausible than a float or a Revaluation. A Reinstatement would keep with the world market and follow the same guide lines that a friend told me was done to the Kuwait currency. I will wait and see! I don't know who to believe at the moment!

My friend was in Iraq during the first invasion. We worked in the same capacity for DOD at the time. I do know within a few months after his return from Iraq, he retired from DOD. He had less time there ( DOD ) than I did. I was no where near retirement at that time. He told me he had made an investment, I can say nothing more!

catman wrote:Someone please show me somewhere, anywhere, that the stock of Bank of Baghdad is selling/sold for $7.19.

(Price in IQD)


Nuff said  :head bang:

Originally listed 7/2/12 at 1.69 IQD. Highest price 2.30 on 12/17/12. Closing price 1/16/14, 2.07. Once again we see Eagle 1 is FOS.

What Eagle1 says about the stock price sounds very high. So, yes I agree with you Kevind53!

My statement had more to do with the float, RV and/or RI.

Thanks for the info!

Here is a comment made by a member of our Dinar Daily FACEBOOK PAGE in regards to this same post.  What do you all think of his view?  

Lisandro wrote: If you see the original plan of the CBI is being followed to the letter if we do the math and see that Eagle 1 says is true and if we see the Forex bas this day this is matching the values of the internal market of Iraq , porlo both makes me think that what he says is true Eagle or at least appears so ...


https://www.facebook.com/dinardailydiscussions/posts/254348784741777?comment_id=728563&offset=0&total_comments=6¬if_t=feed_comment#!/dinardailydiscussions/posts/254348784741777?comment_id=728596&offset=0&total_comments=6¬if_t=feed_comment

Uglyhorse, I just went to the ISX and pulled the chart it took me about three minutes... I am amazed at how simply these gurus get away with spewing "fact" that are easily proven to be lies. Scary really ...

EAGLE OLD BUDDY : More & more it sounds like YOU TOO are itching to get indicted on fraud charges for pumping crap the way you do.