GURU NOVA says are sucking the currency off the street and the economy will flatline if the currency will not revalue!

by **Ponee** Thu Feb 13, 2014 12:20 pm

2-13-20-14 Intel Guru Nova the budget is still being held waiting for something. This week we have seen a choke being put on the currency of Iraq, and at the same time telling the citizens that they will see an increase in the purchasing power of their currency.

[how long can Iraq keep this going?] Not long at all. they are sucking the currency off the street and the economy will flatline if the currency will not revalue! With the requirement of banks to deposit their physical currency it is pulling the IQD off the street and sucking the country dry of IQD.

This will also dry up the currency auctions as the banks will not have any IQD to purchase dollars. IMO, when the new rate is announced the CBI will flood the market with LD’s (Lower Denominations). IMO, the CBI can only do 2 things…release a rate, or flush the entire monetary reform...everything in Iraq depends on sucking the country dry of IQD, announcing the rate, and then releasing the LD’s…This will also drive them to electronic currency. Feb. 16th is an very important date because if the CBI does what it says it will…we will learn about the rate.