_Subject: AJ's Intel 02-01-12 Wednesday at 10:50 am
In Aj's intel dated 01-31-12, I predicted that articles will start coming out that will start to gain local confidence in the Iraq Dinar.
Today we see one of those articles.
In my opinion the above article is the beginning of such articles to gain confidence back of the Iraq Dinar in Iraq's local economy. The lower denominations have not been leased yet and will not until the exchange rate is much higher than it is now.
Read More Link On Right
_The article also states that the US dollar is being released into Iraq's market at the window, this would be the local bank windows and not through the auctions.
In my opinion the auction of the USD done by the CBI is over. This tells me that the CBI feels comfortable with the amount of US dollar transactions in the Iraq market and are high enough to RV in the near future.
The CBI is still showing 1166. and 1164.
Watch for more of these articles in the near future that pump the local confidence in the IQD. When this is done the Iraq People will flock back to their own currency, but not before the RV occurs. At the point of local confidence and high USD transactions, it is my opinion that the CBI will RV and release the lower denominations and not before.
The CBI only sold 3,250,000 to 3 banks. In my opinion this tells me the lower denominations are being sold to local banks. This is good news. see the actions below.
I believe I may have been wrong in the passed in the value of the USD needed to be at .86. The USD is now at 78.78. The lower the USD the higher the IQD will be at RV.
In my opinion that is going to be somewhere between 1.13 and 1.32. After the RV and the USD is being pulled out of the Iraq market place we will start to see the rise in the Dollar again.
Thank you Miske for the article.