(Thank you George forr emailing this to Dinar Recaps.)
November 23, 2016 Mnt Goat News Brief
I bring you just amazing news today! Please read the entire news letter and my comments in italic RED.
Again I wish all my readers in USA a very Happy Thanksgiving holiday!
As I sat pondering this last couple weeks of news from Iraq, I began to think that most people really don’t realize what has just happened right in front of our noses.
I listened to many of the dinar investment calls, intel calls and I read many of the forums (I do this mainly to see who is pumping falsified information and who is telling the people the truth). I do it to see if anyone is actually absorbing the FACTS of just what is taking place. My conclusion that most are not now being told the TRUTH so let me clarify today in my news letter for EVERYONE including all you so called “intel gurus”. So if you too are reading this news letter today I would hope you would include this valuable information in your future calls and tell your listeners what is happening, please...
My intent today is not to get into any bashing or ridicule of any gurus. Instead I want to concentrate and bring to everyone’s attention the very essence of the news in the last couple weeks and how it is all adding up to the early 2017 timeframe. This is our window now we should all be waiting for and have been given by the CBI. Note I did not tell you some so called “intel guru” gave you this timeframe but the CBI itself and I have many articles to prove it along with information from my own CBI contact. This is not some “secret source” that told me, or bank manager or looking at the “back” screens, or some rumor channels or bank memos. I said this information comes directly from the CBI itself.
So just what is this wonderful news I have to tell you today?
What did transpire these couple weeks?
First I want to say that I know for a FACT that within Iraq, the news channels talked about the CBI declaring that they have begun the “project to delete the zeros” once again. This ongoing broadcast began last week and continues till even today as I write this news letter.
So yes – I said the CBI told the country the “project to delete the zeros” has been started up once again. Many believe the project was never halted but this is not true. How can you start something up if it was never halted in the first place? This is because they keep confusing the Financial Reform movement with the project to delete the zeros.
These are two separate entities however the project to delete the zeros depends on getting the Financial reforms in place, and in fact it is part of the financial reforms but a separate process by itself too.
So they told us in the fall of 2015 they would “postpone” the project to delete the zeros until early 2017 sometime. Their words not mine…..However many still don’t believe me that the CBI fully did intend to move ahead with the project to delete the zeros (thus ultimately an RV) in the fall of 2015. Why would I lie to you. I sell no products, have no internet site of get $$ for clicks.. I do not even have a conference call. No motivation to lie and all motivation to tell you the truth. Oh -maybe I search for the TRUTH? Is that a new revelation in this dinar community?
So today I also bring you proof that I was correct about this 2015 date. Oh – but I got bashed it did not happen. So even Mnt Goat is wrong too they claim. Really? Nope! Mnt Goat was not wrong nor wrong now, nor will I be wrong unless I say I am. I am not responsible for the CBI decisions to change their minds and postpone, as to when they decide to RV. I never told you these any day/everyday scenarios. I only presented you the FACTS then and now.
So no more discussions or fights about this FACT. It is now solid FACT and I have the proof for you today. But I knew this all along and I even demonstrated it to you with all the juicy articles last fall 2015. So why all the disbelievers anyhow now and back then? Where is your faith in Mnt Goat news anyhow?
So as we get closer and closer to the “early 2017” date we see more and more information coming out of the press on the progress that they are making. The CBI even told us last week that they are now proceeding once again with the “project to delete the zeros”. Do you know just how good this sounded to me when I heard this news? Is was right on schedule and I could not have predicted the timing of all these articles any better…lol…lol….Remember I told you over and over again this is exactly the news we must hear and await to hear. Now we have it….WOW!
As amazing that this news is, we have known all along that we were expecting this news and that it would come in late 2016, as I told you this many, many time already they would begin the re-education to the citizens of this process. I told you before that the CBI would keep everyone well informed of its ongoing progress of the project. I was told this too by my CBI contact over a year ago that this “project to delete the zeros” and its process and progress is what we should be concentrating on mostly. Remember?
Also I told you Iraq aso needs to get the banking and financial reforms in place to support the project. So now we see them doing it and it is right on time…lol…lol…it is now time to move forward with the project once again.
Is it time to get excited?
Yes, Yes and YES! Mnt Goat is now very excited but wait there is more to tell and more excitement coming in this news letter today.
The good news continues….
So this week yet more news on the progress of the “project to delete the zeros”. Hurray they are keeping us informed….!!! (as my CBI contact told me they planned to do)
The CBI announced this week to the Iraqi citizens the introduction of the 500 IQD notes (they already launched the 250 last summer). Do you know just how HUGE this information is? It is HUGE, HUGE, HUGE. Did I say it was HUGE? We know this note is on the list of the notes they must launch prior to any RV.
But even better than this, these notes are not yet in circulation and are not available to the citizens. Why would they since the notes are almost worthless under an 1182 rate. So why did they make this announcement then this past week?
The CBI did this announcement as part of the re-education process. I have been constantly telling you that this would happen when they got closer to the date of the launching of these lower denominations. Get it? This news is not for us it is for the Iraqi citizen.
Are the citizens able to have these in their possession?
NO- they are not now able to physically have these 2 notes yet in their possession. Why would they? They are still virtually worthless. Not until they are physically launched in early 2017 for their use at a higher danar rate will they become practical to use. For now this is just an education process to get ready for that timeframe that is getting very close at hand.
So many of you may not fully see the implication or significance of this news these last 2 weeks. But to fully understand it you must try to see the big picture. Kind of like a jig saw puzzle. You have to see the picture on the cover of the box before you can begin to unravel the pieces. But how do the individual pieces fit and layout in building the puzzle (in solving the puzzle)?
Well for one thing we know the big picture is that they plan to eventually have the following notes in circulation when the puzzle is finally completed. So what are these notes? This is a very good place to start to know where we are heading. They told us these notes would be the total list of the newer notes (the newer denominations). They listed them as follows. See below:
I quote from the past CBI article –
“Other Iraqi media reports state that the new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins. The designs have been already chosen for banknotes and coins.”
Folks don’t you get it? The CBI just this week told us they are getting ready to launch the 500 fils. This is part of the newer notes. Its on the list. This list above will comprise the list of the final notes going forward, once they are out of monetary sanctions, post RV. Remember they launched the 250 last summer and they had to fix the 50 with new security features so we can expect them too to come out soon.
These notes are now basically worthless in value, that's why!
We know that no matter what notes they initially launch it will mean some kind of substantial increase in the value of the dinar. So if you were in the CBI which notes would you launch into circulation first?
Would you not want to launch the higher denominations like the 100, 200 bank notes and the 100, 250 and 500 fils first? Since a slight rate increase in rate (90 cents to $1.17) would best be suited to combat possible inflation. Plus the citizens are already used to using the 3 zero notes over the last 14 years. Simply put....it is a slow change over....
At first glance, it may appear they are not giving us the high rate we all expected but they told us it will be a “slow” rollout and may take some time. Eventually they will get to a higher rate and then they will introduce many of the other lower denominations like the 5, 10, 25, 50 banknotes and then the 25, 50, fils, plus 1 and 2 dinars for coins. These last denominations would only be circulated when the rate is conducive to using them.
So what is the rate and how long must Iraqi's wait for the second set?
Only the CBI knows the plan and at what level of value the rate would have to be to continue with the launching and circulation of the next set of notes. I would guess it too is variable depending on the initial market reactions once they begin this next step in the process in early 2017. For the timing- I assure you it will not be years or even months before we see a significant rate of over $3.00 for the dinar once it hits the international markets and hedge funds. Again this is just my opinion and I am not giving any investment advise.
These higher rates ($3.41, 3.71, 4.25) come from eventual increases as the value rises. In fact, we as investors may not even be given the opportunity to exchange at the 90 cents - $1.17 initial rates at the initial inception since the value may adjust to the market so quickly.
Folks like so many things that have actually occurred in this investment it seems these intel gurus are always wrong and the long standing FACTS always prevail. How many times have they said that this RV would never,, never go to 2017, even in the midst of the CBI actually telling us to wait until 2017. I just don’t get the insanity and what are they trying to prove by not listening. So now listen to me please. This is the process I am describing for you today. I am sending out this news letter today because we are so very close.
Remember this too from the past- I quote from the past CBI article -
“In 2013 the Central Bank of Iraq has upgraded the circulated banknotes the series of 2003 which included graphic design and technical characters apart from the denomination of (50) dinar which has been withdrawn from circulation since 1st May 2015.
(so they need to relaunch the 50 dinar note (worth 5 cents USD) with better security features. They have not done this and need to since it is on the list of lower denominations. Do you see it on the list above? This action I believe will be completed along with the other newer lower denominatons come out in 2017. Why bother unless you have a revaluation…right? )
The two series will remain legal tender alongside in circulation until the old are naturally worn out. In December 2015 Central Bank of Iraq has put into circulation the new issuance of 50,000 dinar to accomplish the series of 2013.” (I quote – “The two series will remain legal tender alongside in circulation until the old are naturally worn out.”
So what two series are they talking about? They mean the 2003 and the 2013 series. Why is it important that they completed the two series and what is the difference in the series?
The 2013 series is just an upgraded, more secure version with Kurdistan pictures, braid for the blind and more security features. That’s all. The 2003 and the 2013 series are both still large 3 zero notes. However, Kurdistan wanted inclusion in the currency format and so we were told way back in 2011 this would happen. Could this also be why they postponed the 2011 project to delete the zeros?
Remember these larger, older 3 zero notes, will coincide with the new notes for up to 10 years, so they needed to complete this conversion of the two series first as part of the process. Get it? In December of 2015 they told us this was completed as yet another step closer in the project to delete the zeros being completed.)
So in 2015 the CBI also told us then that one more note that was pending to complete the 2003 series, that of the 100k note. First they said they would launch it in early 2016, then later changed their mind. I believe they may be cancelling the 100k note indefinitely, as many good arguments were made by financial analysts at the time to defend this viewpoint.
Do you realize that from the fall of 2015 (when they told us they were officially postponing the project to delete the zeros until early 2017) that there were only 2 articles telling us to wait until early 2017. As if to give us a tease of information once again reminding us that it was coming, but not yet. Then in November 2016 alone an explosion of articles as we have seen nine (9) articles so far in this month alone out of over a year of waiting. Something is going on here.
So I recently jumped on the phone and talked to my CBI contact.
What was I told?