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7-30-2015 Newshound Guru wmawhite That CBI announcement also stated that they were marketing those bonds to "investors abroard." ...Abroard! and at an exact exchange rate of 1095 IQD. [Is 1095 an entrance rate to the world markets?] Possibly...but all we want is for the IQD to go outside of Iraq...become an exchange rate that other currencies can exchange with. [if they do enter at 1095, a float is inevitable IMO.] Not necessarily so. Remember, the CBI can not delete the three zeros from the current program rate of 1166...it needs an exchange rate. [can they just adjust it?] Yes, the CBI by law owns the cuurency....the GOI just uses it. The CBI can do whatever they feel is best for the currency. [didnt they say they wanted to be comparable to Kuwait's rate?] Yes that is true...they still want to do that. [post 1 of 2....stay tuned]
7-30-2015 Intel/Newshound Guru Poppy3 THE WORLD BANK GIVING THE ULTIMATUM FOR A DEADLINE OF 2 MONTHS OR 60 DAYS --- WHAT THAT ARTICLE SAYS TO ME IS THERE ARE SO MANY THINGS THAT REQUIRE THE FIRST THING TO BE DONE FIRST TO COMPLETE THINGS BEFORE THAT DEADLINE...MEANING THEY HAVE TO ASSIGN A NEW RATE BEFORE ALL THESE OTHER THINGS THAT APPEAR NOW TO BE REQUIRED TO BE COMPLETED...LIKE BOND SALES, BUDGET FUNDED, PAYING THE PEOPLE...THAT BY THE WAY HAVE ALREADY STARTED PROTESTING...AND A LONG LIST OF OTHER REQUIREMENTS THAT CAN'T BE COMPLETED WITHOUT A RATE. TIME WILL TELL BUT THE PRESSURE IS ON HARDER THAN EVER AND IT IS OBVIOUS.
7-30-2015 Newshound Guru Kaperoni Article quotes: "...in the process of printing banknotes category 50 000 dinars to put forward in the Iraqi market early next month..." "2016 will see a new printing papers 100 000 dinars class to put on the market," Looks like the 50k in a week or so, and then early 2016 the 100k. These will set the stage to begin to raise the value by reducing the physical note count from 4 billion notes to 1.8 billion notes or about. As well, it will help citizens by reducing the amount of notes they carry. Since this is the decision, it is good to see it happening...progress.
7-30-2015 Intel Guru Frank26 The dinar's value is supported by the existence of Iraq's Borders because without it...The dinar can remain at 1166... And will. It does not directly change it for it cannot but the T and T's (Taxes and Tarrifs) will protect the dinar and her new value when DRS [Dr. Shabibi] decides to lift the three zeros.
7-30-2015 Intel/Newshound Guru tman23 Both Baghdad and Kurdistan declared a public holiday for the next 4 days because of the heat wave...What makes this interesting is the forecast for the next 14 days is no different... So, I guess we will see HOW they open the month of August.
7-30-2015 Intel/Newshound Guru Poppy3 Press Release: "The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time." ...DR SHABIBI STATED THE TARIFFS WOULDNT EVEN FUND THEMSELVES AND THE THREE THOUSAND WORKERS IT WILL TAKE TO COLLECT IT WITHOUT a rate change? SOUNDS LIKE EITHER SOME DEAL HAS BEEN MADE OR ITS ONLY A PARTIAL TARIFF OR WHO KNOWS WHAT UNLESS WE SEE A RATE CHANGE. TIME WILL TELL AND EITHER WAY WE WILL BENEFIT FROM THE NEW RATE THAT IS COMING.
7-30-2015 Newshound Guru tlm724 Quote: "General Administration of Customs confirmed its readiness to implement the pricing tariff law on imports through border ports of the country, to be implemented from next Saturday..." so there we have it right from the General Administration of Customs that the tariffs will begin on August 1st in full force. the question remains will they tax the people at 1166 dinars per dollar or will they increase the purchasing power of the dinar to offset the burden on the poor? there is much riding on their decisions going forward. ...the US Treasury is there, the IMF is there and the UN and World Bank...big meetings going on as we speak with the US Treasury etc. I am really excited!
7-30-2015 Newshound/Comedian Guru Mountainman Article: "Iraqi Government Declares 4-Day Holiday Over Severe Heatwave" Quote: "Iraq's Council of Ministers has declared a four-day mandatory holiday beginning Thursday as temperatures are set to soar above 50 degrees Celsius (123 degrees Fahrenheit)." You see The MONETARY REFORM is sooo HOT.....They have to move that Rate for Liquidities sake!!! lol
7-30-2015 Newshound Guru Adam Montana [Tell me your opinion on the dynamics of this administrations deal with Iran...Can this dynamics change delay or torpedo the RV along the CBI's previously stated targets for revalued currency?] The deal with Iran is definitely going to have an impact...In my estimation, this should push Baghdad to move quicker, which would also push the need to revise the value of the currency.
7-30-2015 Newshound Guru sczin11 I AM NOT AN ECONOMICS MASTER, BUT I BELIEVE THIS IS MORE A MATHEMATICAL EQUATION, AND GOOD FINANCIAL ADVISING...THE MATHEMATICS IS HOW WOULD THERE BE ENOUGH DINAR IN CIRCULATION, WITHOUT RUNNING THE PRINTING PRESSES 24/7, TO COVER TAXES AT THE CURRENT EXCHANGE RATE? THE FINANCIAL SIDE OF THE EQUATION, IS THAT THE COSTS OF GOODS WILL BE GOING UP, THUS LOWERING THE PER CAPITA LEVEL OF LIVING AND PUSHING THE AVERAGE IRAQI IN A SITUATION LOWER THEN TODAY, IF THAT IS EVEN REMOTELY POSSIBLE. THIS IS A CRITICAL TIME FOLKS... [post 2 of 2]
7-30-2015 Newshound Guru sczin11 ...BASED ON WHAT I HAVE SEEN TODAY, WITH ONE WORK DAY BEFORE THE 1ST, THAT BEING TOMORROW [THURSDAY], I WILL GO OUT ON A LIMB AND PREDICT THE CUSTOMS & TARIFFS ... WILL BE IMPLEMENTED AS PLANNED...SATURDAY AUGUST 1, 2015. [If that is the case, will they HAVE to HAVE an RV by then?] WILL PRIME MINISTER ABADI, ALLOW THE PEOPLE OF IRAQ TO SUFFER FURTHER? CERTAINLY WAS NOT PART OF HIS PLATFORM...ECONOMIC REFORM CAN NOT EXIST WITHOUT MONETARY REFORM... CAN PM ABADI ALLOW THE COSTS OF GOODS TO INCREASE, AS OPPOSED TO DECREASE? [post 1 of 2....stay tuned]
7-30-2015 Intel/Newshound Guru tman23 [If the World Bank has imposed a 60-day deadline on Iraq, do any of you seeing Iraq trying at all to comply with what they want? Have they approached compliance at all? Are they even talking about it?] The FED COURT ACT... Unless they get this done, all other laws are in question...It appears that they are ready to vote by majority even if the Kurds boycott the vote... They are in dire straits and by the words of the World Bank, time is of the essence...a deadline was placed.
7-30-2015 Newshound Guru Kaperoni Article: "Securities available to the public raise the credit rating of Iraq to facilitate external borrowing" To me, it seems clear the purpose of these bonds is to get the dinar out of the mattresses and pillows and to the banks to buy these guaranteed bonds payable in dollars in 12 months. As a result, the banks get the dinar to circulate and relieve the liquidity crisis as stated..."to provide financial liquidity to limit the financial crisis". I don't see the CBI removing dinar or reducing the money supply with these bonds.
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7-29-2015 Intel/Newshound Guru tman23 Anytime they get close like 2012...a group reacts with creating chaos to delay the process...as like the removal of Shabibi after Abadi announced the change... So now we are witnessing some real reactions across the board...since start of July it has gotten crazy insane...and the contradictions are numerous in all articles and actions... So if using confusion as an indicator...We are on the door step...waiting ...to ring the bell...
7-29-2015 Intel/Newshound Guru Poppy3 [there was an article posted...about tariff collection in august being delayed. Does anyone know how/if this affect our investment?] YES THATS TRUE BUT THE REASONS ARE ALWAYS DISTORTED IN TRUTH...MAIN THING IS THEY CAN'T COLLECT TAXES TILL THE RATE CHANGES. THE LOANS WON'T BE FUNDED OR THE BUDGET TILL A NEW RATE. THE BUDGET CAN'T BE FUNDED TILL A NEW RATE...AND IF ALL THIS STUFF IS TO BE IMPLEMENTED, COMPLETED BEGINNING IN AUGUST THEY GOT TO GET THE FIRST THING DONE FIRST AND THAT IS A RATE.
7-29-2015 Newshound Guru Adam Montana [...how's that good ol' HCL looking like from your point of view after these Ramadan days?] It can't be far off now!
7-29-2015 Intel Guru Mnt Goat Third ...just recently the UN has announced that, by implementing the tariffs on August 1st and plugging into the WTO tariff system, they will become a full member in the WTO (World Trade Organization). Fourth- How can a country become a member nation of the WTO and not have an internationally recognized currency when the UN charter specifically addresses this issue in Article 8? We have read articles telling us that the only two pieces left were implementation of the tariffs and currency reform. Fifth we have read just recently an article from parliament finance telling the CBI there COULD NOT BE A MORE PERFECT TIME TO ACTIVATE THE PROJECT TO DELETE THE ZEROS than immediately. Can you see what is about to happen? [post 2 of 2]
7-29-2015 Intel Guru Mnt Goat Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it's now here and everything is looking fantastic. If you are at all familiar with what has been transpiring in the news from Iraq over the last couple weeks you should be aware of just how close Iraq must be to having its provisional currency revived and going international once again. So let me set the stage for what we are being told is about to happen in Iraq. First...they fully intend to implement their tariffs, customs and taxes on every boarder crossing on August 1st 2015. Second they have told us that by the revenues generated from the tariffs, customs and sales taxes could amount to over 2 billion dinars by the end of September, if implemented on time. How can the citizens afford these sales taxes with the current rate of the dinar? [post 1 of 2....stay tuned]
7-29-2015 Newshound Guru Adam Montana Well, here we are... [Ramadan] is over, and things are starting to pick up again. ISIS is becoming less and less of an "item" in the daily news, which I expected. There is news of progress on the HCL, but no official movement as of today. That really sums up the whole situation. We need some strong HCL news to get really excited, and until that happens we are in a holding pattern. I have eyes, ears, and boots on the ground that are keeping me very up-to-date on the important stuff, and as soon as I get word that we're close I will let you know!
7-29-2015 Newshound Guru My Ladies Article quote: "Disable always on Thursday to next Sunday due to high temperatures" [Temps in Bagdad: Wednesday Clear 119°92°; Thursday Sunny 124°91°; Friday Sunny 123°92°; Saturday Sunny 122°91°; Sunday Sunny 121°90°] IRAQ IS ON AN OFFICIAL HEAT HOLIDAY UNTIL NEXT WEEK. IT'S HOT HOT HOT AND THEY DON'T ALL HAVE A/C. YEP THEY NEED A HEAT HOLIDAY.
7-29-20215 Intel/Newshound Guru Poppy3 DO THEY WANT TO GET THE PEOPLE PAID? ANSWER YES AND HAVE STATED SO SEVERAL TIMES. DO THEY NEED THE FUNDING FROM THE LOANS - YES. DO THEY WANT/NEED/EXPECT THE TARIFFS AND TAXES? YES AND HAVE SAID SO SEVERAL TIMES. DO THEY NEED AND HAVE PROMISED THE BUDGET FULLY FUNDED -- YES AND HAVE DEMANDED IT BE DONE AND ALL THESE THINGS TO BE COMPLETED IN THE MONTH OF AUGUST. HMMM NOW I HAVE BUILT MY EXCITEMENT TO A LEVEL THAT I CAN DANCE.
7-29-2015 Intel Guru Frank26 WE ARE FOCUSED ON AUGUST THE FIRST TO SEE IF THE TAX AND TARRIF LAWS COME OUT AND TO SEE IF THE BONDS ACTUALLY START SELLING...BOTH IN AND OUT OF IRAQ. WE BELIEVE THE DOMESTIC BONDS WILL BE SEEN AT THE 1095 LEVEL TO ENTICE THE IRAQI CITIZENS TO COME INTO THE BANKS AND TO INTEREST THEM IN PARTICIPATING IN THE SALE OF THE 2 BILLION IN DOMESTIC BONDS. THIS CHANGE FROM 1166 IS THAT "ATTRACTION" OR ENTICEMENT THAT DR. S [SHABIBI] KNOWS IS NECESSARY AT THIS TIME. ONCE THE DOMESTIC BONDS ARE OUT THEN WE WATCH FOR THE INTERNATIONAL BONDS TO SHOW AND JUST AS THE DOMESTIC BONDS NEEDED TO BE ATTRACTIVE SO DO THE INTERNATIONAL BONDS AND WE LOOK FOR THAT "ATTRACTION" THAT WOULD BE TIED TO THEM.
7-29-2015 Intel/Newshound Guru tman23 There are 2 types of news in Iraq... The news we get from press releases and then the news on the streets which is only for Iraqi's... And inside Iraq they are trying to hold it together with more talk...But the reality is, it is about to explode internally if they do not come up with immediate solutions...and those solutions require money... LOTS OF MONEY!!!
7-29-2015 Intel/Newshound Guru Poppy3 Article: "World Bank gives Iraq two months to approve the anti-money laundering law" SEEING THIS FOR REAL IN INK IS A REAL EXCITING NEWS POST. IT ALSO CONFIRMS WHAT WE HAVE SAID FOR A COUPLE MONTHS THAT THEY HAVE (THE WORLD BANKING LEADERSHIP ) LIKE US...HAVE BELIEVED AND THOUGHT THIS SHOULD HAVE ALREADY BEEN COMPLETE. LETS ALL HOPE THEY ARE CLOSER TO FINALIZING ALL THE NEEDED LAWS, ETC. THAN THEY HAVE MADE PUBLIC...THIS IS HUGE NEWS AND A CONFIDENCE BUILDER.
7-29-2015 Newshound Guru sczin11 [what do you believe is standing in the way of these laws being pased?] IMHO, TIMING...THEY ARE WAITING ON SOMETHING...NOT SURE WHAT...COULD BE MALIKI. I THOUGHT TODAYS AGENDA WOULD BE FULL...IT WAS NOT...I THOUGHT THEY WOULD MEET TOMORROW [WEDNESDAY]...THEY R NOT..THURSDAY IS LAST SESSION OF THE MONTH. TARIFFS WERE TO START SAT, BOND SALES SUN, TRANSFER OF POWERS NEXT WEEK, LESS THAN 2 MONTHS FOR MONEY LAUNDERING LAWS, LESS THAN 2 MONTHS FOR FACTA LEGILSATION. I AM VERY ENCOURAGED ABOUT THE NEED NOW TO ACCOMPLISH WHAT THEY STATE THEY WANT TO DO NOW...BUT, THEY HAVENT PROVEN THEIR HASTE TO ME YET...THEY ARE MOVING FORWARD, DONT GET ME WRONG, BUT IF I WERE IN CHARGE, I WOULD BE EATING MY WHEATIES EVERYDAY... EARLY IN THE MORNING.
7-29-2015 Newshound Guru My Ladies Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly...Neither [Guru] Nova or I said...anything that the Central Bank of Iraq isn't saying. I don't know and Nova doesn't know if 1095 is going to be the exchange rate of the Iraqi dinar. What we said is the Central Bank of Iraq said they are selling bonds -- their verbiage was "abroad" -- at a rate of 1095 to 1 USD. They're selling it in dinar. Again, this isn't Nova and me saying these things. This is the CBI and ISX. This was formal, on their letterhead...Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can't sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No. The reason this is happening is because the GOI has no money. The GOI is broke, and they can't get dinar from the CBI. They have to create an event in order to raise the funds they need. The whole thing is they've turned the engine on, and it's wonderful.
7-28-2015 Newshound/Intel Guru BGG [Is it True Iraq has 60 days to RV?] not exactly - the WB [World Bank] has given Iraq 60 days to deal with their money laundering issue...which should, at some point shortly after they do - open the door for a very different regime... (more PRO-currency reform) - short answer...it is far more possible once they satisfy the WB.
7-28-2015 Newshound Guru My Ladies & Nova ANNOUNCEMENT... "ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE." I HAVE OFFICIAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2...SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX. THIS IS TRULY REMARKABLE ...ITS STARTING! EXCITING TO SAY THE LEAST!
7-28-2015 Intel/Newshound Guru tman23 "the Government's decision to reduce the salaries of officials and senior staff closer to attempt a radical processing prosthesis for the problem..." The salaries of the GOI were ridiculous...One of the IMF concerns/conditions with regard to Iraq GOI was salaries...to be adjusted.
7-28-2015 Newshound/Intel Guru BGG ...they are meeting - over what to do about Maliki...they come back, not much gets done - deal with Maliki - move on... [are you saying Maliki issue is more important right now for them to decide than voting on the laws? because once Maliki is canned, the laws will be a whiz to pass?!] no question - that is what I am saying...he has played the "obstructionist" thus far. He goes - things move!!
7-28-2015 Newshound Guru My Ladies [Yes. And this process requires then the IQD to be international.] ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON! ...I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON. I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING...AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST. [post 2 of 2]
7-28-2015 Newshound Guru My Ladies [They are creating DEMAND for the IQD by selling the bonds…The IQD now has a purpose.] THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS...AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS. IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON. RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT? SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE. THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED. [post 1 of 2....stay tuned]
7-28-2015 Intel Guru Frank26 The Kurds said that the HCL...they got no problems with it and they've been saying that for a long time. The HCL is being used with the Kurds right now to deal with the extra oil that they are shipping out...100% of it. If we see the taxes and tariffs...then we're off to the races man! If we see the bonds are we off to the races? No. Actually the bonds are a mechanism of the monetary reform. That is the TARGET DATE of AUGUST 1st. We think in our hearts that the $3 to $4 range is ridiculous...the 1 - to -1 rate would be ideal. Then Forex can take that 1- to -1 and put it into warp-speed to $3, $4 or whatever they want to do. In my opinion the IQD will have got from a RI rate to an RV rate...something much more valuable. The international bond is the starting point to adding value... Article 8 compliant...from RI...to RV...to Forex. The monetary reform is right in front of your eyes! [post 3 of 3]
7-28-2015 Intel Guru Frank26 Maliki...is the reason why we don't have a monetary reform yet. Maliki sees his loyal followers dwindling in front of him. His time is measured. Maliki even tried to give problems to the Kurds. Normally they would have come out after him – but they did nothing. They don't care about Maliki! The Kurds are the primer of the monetary reform of the IQD currency. They are the ones who will trigger everything for the funding. The GOI said that the investment law is being passed and IMO is being done for Kurdistan. The INVESTMENT LAW was passed a long time ago. It was amended 3 times. Why? To "SUIT" the conditions for the Investment Law...to grow the private sector and their economy. They have to get this done by October. [post 2 of 3....stay tuned]
7-28-2015 Intel Guru Frank26 [via FrostyTheSnowman] ...the main thing that we have been concerned about in the IQD investment is the SECURITY in Iraq. The SECURITY that we want is growing rapidly. The Iraqi Army is kicking butt...removing ISIS...capturing cities, ground, banks, etc. The IMF watches all of this and says on their website that the IQD is 1166...but 2 days AFTER this military action...the IMF removes the rate of the IQD and puts up there..."HOLDING". What are they holding? Not much...you know the IMF already gave Iraq the green-light. We believe that the info coming out right now is so concentrated towards the monetary reform of the IQD that it is very clear. I think the conditions are now good to raise the value of the IQD. The environment of Iraq is good for the IQD to reinstate it's value...just like Dr. Shabibi wants. We are almost there...I don't know WHEN...we offer no date here. You can't raise the value of the IQD if the GOI and the CBI are fighting – and there is none! [post 1 of 3....stay tuned]
7-28-2015 Newshound Guru My Ladies ...NEVER MIND THE INITIAL RATE...THIS WILL CHANGE... WE COULD SEE MORE PROGRESS WITH THE IQD RATE BETWEEN THE 2 BILLION BOND SALE, WHICH STARTS AUGUST 2ND, AND THE 3 BILLION BOND SALE, A MONTH LATER. WE MAY NEED TO SEE A RATE FIRST, THEN DELETE THE ZEROES. THE DELETE THE ZEROES THING, PART OF THE TWO-PART PROCESS, COULD HAPPEN AT ANY TIME. YOU CANNOT COME OUT OF YOUR DRIVEWAY DOING THE SPEED LIMIT. YOU HAVE TO START SLOW, SEE HOW IT GOES, THEN YOU CAN THROTTLE UP. KUWAIT NEVER REVALUED. THIS IS A MYTH. THEIR CURRENCY WAS FROZEN WHEN IRAQ WAS INVADED. WHEN IRAQ LEFT, THEY FLIPPED THE SWITCH BACK ON. THE SAME THING IS LIKELY HERE...WE WILL JUST SEE THE INVESTMENT CRACK WITHOUT WARNING. [post 2 of 2]
7-28-2015 Newshound Guru My Ladies [via MIKE (MVL)] THE SANDBOX IS A LOT FURTHER ALONG THAN WHAT WE KNEW OR SUSPECTED...WE ARE DEALING WITH SOME OF THE LAST PUZZLE PIECES. IRAQ IS READY TO SELL RETAIL BONDS...KEEP WATCHING THIS PROCESS...THIS MAY START AUGUST 2ND. IF THIS HAPPENS IN IRAQ ONLY, THEN NO INTERNATIONAL RATE IS REQUIRED. WE ARE NOT SURE JUST YET WHERE THEIR CURRENCY COMES INTO PLAY DURING THIS PROCESS. WE MAY SEE A 1095 RATE FOR THE IQD ON THE FOREX THIS COMING SUNDAY NIGHT, MONDAY MORNING VIA THE CBI WEBSITE. DON'T DO ANYTHING... DON'T FREAK OUT...JUST WATCH IT TAKE ITS FIRST INTERNATIONAL STEPS. IQD AT THE START 1095, BUT IT WON'T STAY THERE...IT CAN'T. [post 1 of 2....stay tuned]
7-28-2015 Intel Guru Mnt Goat My next guess is that also very soon we will see this infamous "basket" of laws being announced since they are all inter-connected together and must be implemented all at once to make any sense.
7-27-2015 Newshound Guru sczin11 Article quote: "MONEY LAUNDERING LAW BY OCTOBER OR ISOLATION FROM WORLD ORGANIZATION" THIS IS A HUGE STATEMENT. IT IS NOT A THREAT. IT IS REAL. ...A FEW WEEKS BACK WE SAW THE RELEASES REGARDING THE WB AND IMF LOANS, AND THE NEED FOR CERTAIN THINGS TO BE ACCOMPLISHED OR ELSE...THE BLACKLIST...NOW HERE WE SEE, THE DEADLINE...A TIME FRAME... NOT FOR A CHANGE IN VALUE OF THE DINAR NECESSARILY, BUT THE WORDS...ARE CLEAR...APPROVE THE LAWS, AND PLAY HARD BALL WITH THE GLOBAL COMMUNITY...IF NOT, SEVERE IMPACT TO MONETARY REFORM...AND ISOLATION FROM THE INTERNATIONAL COMMUNITY. THE INTERNATIONAL COMMUNITY HAS BEEN SUPPORTING IRAQ, THEIR ATTEMPTS TO CLEAN UP THEIR ACT, AND JOIN TOGETHER WITH THE WORLD...THEIR TIME IS UP...WE ARE AT THE END OF THE ROAD! I DONT SEE EARLY 2016 LIKE MANY HAVE ALREADY STATED...
7-27-2015 Intel Guru Bulldog75 An Iraq RV is imminent. The planet finances are beckoning the obvious. Prepare and buckle up. The financial wind currents are getting stronger by the day.
7-27-2015 Newshound Guru Stryker The news just keeps getting better and better with the dinar this month... The top Iraqi dinar news is, Finance Committee secretary Hadi al-Yasiri two days ago made these comments: QUOTE: "the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law." Remember that the World Bank and other International financial institutions have given Iraq 2 months or until October to enact the Anti-Money Laundering Act. Does this mean that it will not RV until then? Could be but they may be able to work around that if all blocs agree to pass it thru parliament. I'm under the opinion that the country needs this to take place and the right people are finally in charge, so our chances are better then they have ever been for this project to take place.
7-27-2015 Newshound Guru Kaperoni Article quote: "economic and investment commission parliamentary member Ahmed Kanani that the World Bank and other international financial institutions gave Iraq until next October as the date for the adoption of anti-money laundering law." Well we see if they can pass this before Oct. There are also several articles that seem to tie these laws to the currency reform. If so, we may begin to see monetary change right after the laws are passed.
7-27-2015 Newshound/Intel Guru BGG Article: "World Bank gives Iraq two months to approve the anti-money laundering law" I mean HOLY MOLY! Basically the WB is giving them 2 months to get this done - Or else...it also portrays the WB has been assuming this would have been handled by now - pretty much guarantee this is the hold-up behind the various "aid packages" and loans...also - I would imagine they know Maliki is the central figure in this problem (money laundering - via the CBI). All I can say is SHAZAAM!! if there were ever pressure on Iraq and the CBI - it is now.
7-27-2015 Intel Guru Mnt Goat Last week I also presented you with an article statement from the head of the finance ministry and they told us at that time it was "URGENT" and "THE BEST POSSIBLE TIME" now to complete the process to delete the zeros from the currency (or drop the larger 3 zero notes, the provisional currency). The IMF is also strongly suggesting now it the time. I feel that all the provinces may not get paid oil royalties this week (in fact I am sure of it) but the beginning of the process will show to the IMF and the USA they are making good on the HCL law to distribute these funds...I have told you all along this is something that is NECESSARY to see any RV. We will witness this very soon. [post 2 of 2]
7-27-2015 Intel Guru Mnt Goat Earlier in the week I referenced a window approaching for a possible RV opportunity coming close at hand. Well it's now here and everything is looking fantastic. The hope was that this final vote on Amnesty would have been taken on last Thursday 7/23 or Friday 7/24. However parliament decided to take a short recess until meeting again on Monday and the vote had to be delayed. So lots could happen this week. ...I was told over the weekend is that the distribution of the lower denominations depends on the passing of the Amnesty bill. This is why I believe it may in fact get passed this week and we might see our lower denoms distributed OFFICIALLY throughout ALL THE PROVINCES. We all should know what this means…right? The rate has to change in order to do this move. We wait to see what happens this week. [post 1 of 2....stay tuned]
7-27-2015 Newshound Guru OOTW WE SAW A VIDEO PRESS RELEASE A FEW MONTHS AGO, INDICATING THAT THE 50K NOTE WAS GOING TO BE WORTH 100.00. THAT'S EFFECTIVELY DOUBLE THE VALUE OF THE DINAR, CURRENTLY. THEY COULD ACTUALLY DO THAT, TO SHOW THE WTO THEY'RE ADDING PURCHASING POWER, AND THEN AS THEY NEAR THEIR MEETING AND THE PRIVATE SECTOR GETS FURTHER ALONG, WE COULD SEE A NOTICEABLE INCREASE AS THEY NEAR THEIR MEETING WITH THE WTO. FOR ME, THIS IS A WORSE CASE SCENARIO BUT I PREFER TO PREPARE FOR THE WORST AND HOPE FOR THE BEST. IF THEY CAME OUT VERY LOW...DOUBLE THE VALUE OF THE DINAR...I WOULD THINK SPECULATORS WOULD RUN RAMPANT, SCOOPING UP DINAR. THEY COULD COME OUT LOW AND THEN IT COULD BUMP UP NOTICEABLY IN A SHORT AMOUNT OF TIME...THERE ARE MANY OPTIONS. [post 2 of 2]
7-27-2015 Newshound Guru OOTW [in your opinion...what do you see/ believe has to be done for an rv to even have a chance of bcoming reality?] MY PERSONAL FEELING IS, THE CLOSER WE GET TO 2016 AND IRAQ'S WTO CONSULTATION, THE BETTER WE'LL BE LIKELY TO SEE SOME KIND OF MOVEMENT IN THE VALUE. BUT...THEY'RE UNDER A LOT PRESSURE... [in your thoughts...whats lacking?] THEY HAVE A WAYS TO GO, BUT REMEMBER WE'RE ONLY FOUR MONTHS AWAY FROM THE BEGINNING OF THE YEAR. REMEMBER JOBOURI WAS GIVEN THE GREEN LIGHT BY THE PRESIDENT, MASSUM, TO PASS LAWS AS HE NEEDS TO. [you believe by the end of the year?] WE ARE MAKING VERY STRONG PROGRESS. I BELIEVE BETWEEN JANUARY AND APRIL OF 2016 - OF COURSE, THIS DEPENDS ON THE TARIFF'S GOING INTO EFFECT, AND HOW CAN THEY ADD THAT FINANCIAL BURDEN TO PEOPLE WITHOUT GIVING THEM PURCHASING POWER... [post 1 of 2....stay tuned]
7-27-2015 Newshound Guru My Ladies THE MINISTRY POWERS ARE TO BE TRANSFERRED TO THE PROVINCES BY AUGUST 5TH, DESPITE THE STALLING AND THE WHINING. THIS IS NECESSARY STEP TO MOVE TO MARKET ECONOMY, THE TIMING OF ALL OF THIS SURE IS POSITIVE, AND WITH IRAN IN IRAQ RIGHT NOW THINGS COULD BE MOVING ALONG.
7-27-2015 Newshound Guru OOTW Press Release: "FROM KEYWORDS: "Revision of the state budget structure and presentation" KEYWORDS OUTLINES THE BUDGET MONIES AND HOW THEY'LL BE SPENT IN ACCORD WITH THE 2015 BUDGET - I'VE NEVER SEEN A PRESS RELEASE LIKE THIS BEFORE FROM THE CBI - THEY MEAN BUSINESS. [So...would you say that the ball is rolling, so to speak, now that there back from break?] ABSOLUTELY.
7-27-2015 Newshound Guru Millionday Article quote: "The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation..." THE INVESTMENT LAW HAS BEEN ADDRESSED AND AMENDMENTS WILL NEED TO BE MADE INTO LAW AS AMENDED...IT IS LAW WITH NEEDED AMENDMENTS FOR INTERNATIONAL INVESTMENT. [Do Amendments need to go through the same process of 1st, 2nd 3rd readings?] THE REPORT STATES IT GOES FOR VOTE...IT IS ONLY 2 READS AND VOTE NOT 3. I CAN IMAGINE THIS IS NOT GOING TO BE A SLOW PROCESS AT THIS POINT.
7-27-2015 Newshound Guru firefly [do you think that M [Maliki] needs to be delt with before the RV can happen?] No I'm looking for the implementation of the tariffs and the International Bonds...Tariffs and Bonds both scheduled for Early August. [is it Aug. 1st for the tarriffs and Aug. 2nd for the Bonds?] That's what is in ink. Let's hope they stick to the plan this time!
7-26-2015 Newshound Guru My Ladies Article quote: "The central bank announced on Sunday his intention to put up bonds...The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar..." [I remember...you and Nova spoke about the possibility of a two step process. One to introduce their currency to the int'l market, and then shortly thereafter, raising the value to a true level. Perhaps 1095 could be a launching position?] WE NEED TO SEE WHAT 8/2 BRINGS BECAUSE I HAVE A GNAWING FEELING THEY ARE GOING INTERNATIONAL AT THAT PRICE FOR NOW...WE HAVE TO SEE BUT IT SURE SAYS THAT TO US...ALL OF THIS SPEAKS TO TRADING GLOBALLY AND DOING IT NOW!!
7-26-2015 Newshound Guru sczin11 THE WORLD APPEARS TO BE SUPPORTING IRAQ FOR THE MOST PART, IN THEIR QUEST TO CLEANSE THEIR GOVERNMENT, AND BRING ON NATIONAL RECONCILIATION. YES IT IS NICE TO SEE PROGRESS, BUT FINALITY WOULD BE REFRESHING.
7-26-2015 Newshound Guru sczin11 Article: "Parliament amended the important laws for a vote soon" Quote: "The laws that have been modified by agreement of the political blocs, the National Guard is the law and the law of amnesty, as well as other laws," HUGE STATEMENT! LAWS ARE DONE...NATIONAL RECONCILIATION IS NEXT... WOW....WHAT A POWERFUL RELEASE WITH LOTS OF INFORMATION...WILL WE SEE A TUESDAY AGENDA FULL OF THESE REFERENCED LAWS?
7-26-2015 Newshound Guru firefly ...sovereign bonds are for Iraq, International bonds are for...well... INTERNATIONAL...2 bonds, 2 separate entities. Sovereign bonds don't interest me. On the other hand, International Bonds should be very exciting for us. Iraq has put in ink the International bonds will be released in Aug. Let's see if they stick to their deadline. I don't give windows or dates but they have to do something and SOON. I have a hunch we're heading into VERY exciting times with our investment.
7-26-2015 Newshound Guru Millionday Report quote: "it has become an annual plan reflects the plans or the medium and long-term strategies, which are aimed at achieving economic and social goals" THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS -- WHOOPOW. THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN OPENED -- THIS IS ABOUT THE INVESTMENT ETC SIDE. THE GOALS ARE MASSIVE...OBVIOUSLY A VERY HARD POSITION TO BE IN. THEIR BUDGET IS NO LONGER JUST WORDS AND IS HEADED TO WORLD POWER THAT BE FOR ACTIVATION AND PLANNING. [when is this to be implemented?] THIS IS BEING DONE NOW.
7-25-2015 Intel/Newshound Guru tman23 Through media and assembling of facts...The US has made a statement since the nuclear agreement that they are going to limit Irans influence in Iraq...It is certainly a contested battle... But to succeed IMO they have to remove those who keep promoting sectarian disputes and inciting riots and killings... Just about every major issue Iraq faces has a Maliki finger print on it... A few weeks ago England and US special forces have been securing every airport in Iraq... The special forces were given carte blanch' ... No waiting on clearances from top brass...CLEAN HOUSE! IMO...we are receiving limited amounts of information...Such as...Everyone who knows Maliki's past knew he wasn't going to resign...They sure as h*** knew!! And you can bet the moves are already planned... Which is IMO...still everything at one time!!
7-25-2015 Newshound Guru OOTW FIRST READING OF THE FEDERAL REVENUE LAW PASSED. HERE'S A PARAGRAPH FROM THE LAW AS POSTED AT THE PARLIAMENT SITE: "Article-9 Federal realized Alerardat issued from the following: First -mbaat oil and gas and other mineral resources belonging to the state and revenue resulting from oil and gas contracts from national and foreign companies and investment contracts and indirect taxes Alambeshro. Second-grants and international aid. Third-federally aggregated revenues, or for the benefit of the Federal Government from the region and governorates not organized in a region." ANYONE WHO SAID THIS IS SOLELY ABOUT TAXES IS WRONG.
7-25-2015 Newshound Guru Breitling Article [Iraqi Banks refuse to anti up amid liquidity shortages] What's so pleasing to me is that they have to lower the note count to do this…That's what these banks are having a problem with. It's a liquidity shortage…this is a reflection of them pulling dinar off of the market. But what's their number on problem though? It's the US Dollar. Everybody is addicted to the US dollar. But what this tells you and what you should focus on is the note count reduction…because it's big and it's heavy and it means something for us. We are going to gain value. There has never been a country reducing their note count like Iraq is doing and haven't gained value on their currency. It's that black and white…it's that clear. [Post 2 of 2]
7-25-2015 Newshound Guru tlm724 Article: "Urgent ..alebadi Parliament calls for national legislation card law as soon as possible to be checked" Quote: "the government is committed to simplifying the procedures for transactions This card is one of the wheels of the citizen and to avoid administrative and financial corruption." so this card will replace all other cards issued and will also be issued to everyone 12 years old and above throughout Iraq.
7-25-2015 Newshound/Intel Guru BGG Article: "Fakih Dawa Party, Abdel-Halim al-Zuhairi abandon Maliki and goes to advocate Abadi". That is a fantastic article - there is a serious push to replace Maliki from the inside out...which is how it should/would go down...inner circles first, political next and ICC after.
7-24-2015 Newshound Guru Breitling The price of oil will go down…will that have an effect on the dinar? It could. If their revenue drops they will just drop the note count down. They are going to get that value no matter what. They are going to get to a buck seventeen ($1.17) and then they're going to get to $3 plus…that's on their agenda. In fact it's a massive priority. That's why I get so excited when I talk about it. Don't worry about the oil prices going down…they can adjust the note count based on what the markets are. [post 1 of 2]
7-25-2015 Newshound Guru Millionday Article quote: "The parliamentary finance committee expressed, Thursday, for it seeks to discuss and approve the pass a number of bills in the House of Representatives and that serve the monetary policy of the country in general." THE SESSION ON THE 25TH IS TO INCLUDE MONETARY POLICY LAWS AND ONE IS THE TARIFF TAXATION FOR GOVERNMENT REVENUES.
7-24-2015 Newshound Guru Breitling [Is it legal to buy the Iraqi Dinar?] You can buy anything you want! It used to be people saying it was illegal to buy it BUT you had all these banks buying it…Chase Bank. Bank of America had a seat on the auction floor in Iraq itself. There is no law against buying any currency.
7-24-2015 Newshound/Intel Guru BGG of what benefit is it for the Iranian Central Bank to boost their currency now? [Iran will not do that.. and why do we think Iraq will...?] it's the only way the GOI will get any piece of the CBI reserves...the GOI stands to benefit - same way you and I do - it's how they have been thinking about "bridging their deficit" - bank on it...I heard this scenario from a very direct source a while back. I just wish they would come on with the number...whatever it is.
7-24-2015 Newshound Guru Millionday THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN LAUNCHED... THE INVESTMENT SIDE --- NOT YET. THE FUNDS FOR INVESTMENT/PROJECTS ETC ARE NOT READY YET -- BUT OPERATIONAL SIDE OPEN RIGHT NOW.
7-24-2015 Newshound/Intel Gurus BGG & wmawhite Call it tax or tariffs...they need revenue...none of that happens without VALUE! Another indicator of what is coming...True. [IF the Tariffs are enacted on August 1.. do they start then or is there a waiting period?] tariffs are already law (as I recall) - they have just delayed implementation - on the advice from their own experts.
7-24-2015 Newshound Guru sczin11 Article: "SAUDIA ARABIA PRINCE CALLS ICC TO ARREST FOR GENOCIDE-IRAQ RESPONDS" Saudi prince calls for the arrest of "Nuri al-Maliki". THIS IS NOT SOME MP...THIS IS NOT SOME MEDIA LOOKING FOR FILLERS TO SELL PAPERS...THIS IS THE PRINCE IN SAUDIA ARABIA...THE COUNTRY THAT IS JUST COMING BACK AFTER 25 YEARS NO EMBASSY IN IRAQ. YOU THINK THIS IS A POWERFUL STATEMENT? IT APPEARS HIS DAYS MAY TRULY BE NUMBERED...THE WORLD TALKS, IRAQ WILL NOT RUN AWAY.
7-24-2015 Newshound Guru OOTW THERE ARE MANY LAWS WHICH HAVE BEEN PASSED, AND LISTED AS SUCH AT THE PARLIAMENT SITE, THAT HAVE NOT BEEN UPLOADED IN THE IRAQI LAW LIBRARY ONLINE – THIS IS A REFLECTION OF THE OFFICIAL "GAZETTE" WHICH WE SEE PUBLISHED AT THE MINISTRY OF JUSTICE SITE EVERY TWO TO THREE WEEKS OR SO. THERE'S NOT BEEN ANY UPLOADS FOR OVER TWO MONTHS IMHO, THIS IS PART OF THE PROBLEM... RIGHT NOW...WE HAVE A SITUATION WHERE MASSUM HAS SAID THAT HE'S GOING TO ALLOW JOBOURI (HEAD OF THE PARLIAMENT) THE ABILITY TO PASS LAWS AS HE SEES FIT... SO - WE'LL SEE WHAT HAPPENS VERY SOON HERE WHEN THEY RETURN.
7-24-2015 Intel/Newshound Guru Poppy3 I HAVE IT ON GOOD AUTHORITY THAT THE INTERPOL POLICE HAVE HIM [MALIKI] UNDER VERY CLOSE SURVEILLANCE AND WHEN THE INTERNATIONAL CRIMINAL COURTS HAVE THEIR CASE BUILT THEY WILL ISSUE A PICKUP ON HIM AND HE WILL BE GONE. TIME IS ON OUR SIDE DEFINITELY NOT HIS.
7-24-2015 Newshound Guru BGG ...there are distinct advantages to Maliki being gone. He's toxic - the world is not putting up with it. Someone WILL take the fall... and he is, ultimately responsible. Maliki is kidding himself...it's all bad for him right now - there is no safe place. IMHO...once he (and then ALAK) are out of the way - things move very quickly.
7-23-2015 Newshound Guru Millionday IRAQ IS RELEASING KURDISTAN`S ENTIRE YEAR BUDGET -- WHOOPOW. THEY ARE OPTIMISTIC IN THE MOVES OF THE GOVERNMENT STEPS FOR ECONOMIC ADVANCEMENT TOWARD ITS REALITY. THE OPPORTUNITIES AHEAD NEED TO BE RESPECTED AND THE TIMELINES -- THE PLAN AND ALL COMPONENTS MUST ALL FALL INTO TO PLACE TO SUPPORT THE PM AND THE OBLIGATIONS. THE PLAN TO GO TO A MARKET ECONOMY NEEDS THE LAWS ACTIVATED AND THE MOVE TO IT MOVED FORWARD. EVERYTHING THEY HAVE WORKED ON NEEDS TO BE ACTIVATED --- THIS IS A HUGE CROSS ROADS FOR IRAQ AND THEIR POSITION GLOBALLY. [ALL AT ONCE!] EXACTLY.
7-23-2015 Newshound Guru wmawhite [ I dont know how they can enforce these Tariffs and not do something with the currency... the inflation will go thru the roof.] Exactly...those are small indicators of what is coming. The tariffs are an example of what needs a change in the value...because they/CBI will never speak directly about the coming change. I seriously look forward to each day because I believe that Iraq along with the entire region is at the point where Iraq will move forward at any time...Seriously, the dynamics are huge. And I don't care what day of the week nor month. It doesn't have to be the 1st, 15th...it can be any day now.
7-23-2015 Newshound Guru Aggiedad77 Article: "Iraq still needs Massive Int'l Support" The UNSC is saying that Iraq continues to need much support from the International arena....the Iraqis need to implement with vigor their effort to overcome the current economic crisis as well as the war against terrorism...but they desperately need funding and other support to make this happen...they need to continue to push for national reconciliation for all political entities and continue to focus on the growth of their economy.
7-23-2015 Newshound/Intel Guru BGG Article: "The Commission on Economy and Investment parliamentary reading of the Investment Law, noting that it will be presented to parliament for a vote." The main thing Abadi promised investors while in DC... looking more and more like he'll make good. [when is the vote scheduled or is it?] that sounds like it going to be "read" - I suspect Saturday or sometime shortly thereafter...it is a priority.
7-23-2015 Newshound Guru Aggiedad77 Article: "Conscious / Send a card the draft national law to the Ministry of State for Provincial Affairs and Parliament" The COM has sent a new draft law to Parliament...the Standard Card National Law...proposing that this law be accelerated to get it worked through Parliament as swiftly as possible...this is the national card that would be issued to all citizens over the next couple of years...a card that may facilitate the delivery of oil payments to citizens...yes the long awaited fourth part to the HCL...note they may have slipped and referred to this as the "crude national card"...I'm liking that.
7-23-2015 Newshound Guru Chattels [reference Guru Kaperoni post 7-22-2015, posts 1 and 2] the foregoing is likely a good analysis/extention of my simplistic statement that the world of international banking and commerce must accept/assign/embrace a value to the IQD...that banks will not exchange an increased value to the dinar if they cannot reliably profit from the transaction. increasingly I am persuaded that it is essential for Iraq to have a long term hydrocarbon law and be able to abide/perform in accordance with the terms thereof...such will require consensus and legislative action which continues to be a challenge for the Iraqi Parliament.
7-23-2015 Newshound Guru My Ladies Quote from Article from 2013: "Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency "reset" project, which would delete three zeros from the currency. There has been much debate about the project's feasibility and the date of its implementation." THE PEOPLE WHO OPPOSED THE RESET IN 2013 ARE THE PEOPLE THAT ARE SAYING NOW IN 2015 THE TIME IS RIGHT. IT SEEMS MALIKI BACK THEN AS [WAS?] FOR THE DELETION, AND TAMIMI AGAINST IT, SO NOW ALL THE CONCERNS HAVE BEEN ADDRESSED AND TAMIMI IS SAYING THE TIME IS NOW. SALEH WAS CONCERNED BACK THEN TOO AND EVERYONE OBVIOUSLY OUT RULED MALIKI AND NOTHING WAS DONE. SALEH IS ON THE BALL NOW...
7-23-2015 Newshound Guru Millionday CBI Announcement quote: "CENTRAL BANK OF IRAQ DECLARES TO EXTEND THE PERIOD OF CLOSING DATE FOR THE TENDER ABOVE FOR 30 - DAYS FROM 7/22/2015 AND THE TENDER SHOULD BE SUBMITTED AT THE MAXIMUM DATE OF" THERE HAVE BEEN SOME GREAT ANNOUNCEMENTS FROM CBI BUT NOTHING LIKE ONE... ALL OF IRAQ FINANCIAL INFORMATION THAT WAS TO BE VISIBLE AND OBVIOUSLY AS ATTRACTIVE AS POSSIBLE FOR INVESTMENT DECISIONS BY INTERNATIONAL DECISION MAKERS WAS TO BE DONE THE 22ND OF THIS MONTH -- THEY NEED MORE TIME AND THE MOST THEY WILL TAKE IS 30 DAYS...THAT IS THE OUTSIDE DATE THEY HAVE...ACCORDING TO WHAT THEY STATED IT COULD BE BEFORE. THE INFORMATION THEY INTEND TO HAVE IN ITS ENTIRETY IS NOT DONE -- IT COULD MEAN THAT THE RATES GLOBALLY ARE NOT SET IMO -- LOGICALLY MAKES SENSE TO ME. [So are they giving us a clue as to when they expect to raise their rate here? 8/23rd?] I DON'T KNOW...WOULD BE NICE.
7-22-2015 Newshound Guru Millionday "House of Representatives will reconvene on Saturday..." THIS MEANS THIS COMING SATURDAY FOR FORMAL PARLIAMENT BACK AT WORK. HERE WE ARE AFTER EID -- NEWS SHOULD START CHANGING SOME -- ACTION. THE HCL HAS BEEN LISTED AS ONE THAT WILL BE COMPLETE AFTER EID... [There was something mentioned about the budget and this coming Sunday. Do you have any ink if they will be opening the budget then?] THEY ARE MOVING THE YEARLY MONEY THAT IS BUDGETED FOR THE KURDISTAN REGION IN ITS ENTIRETY --- THE INVESTMENT PART OF THE BUDGET HAS NOT BEEN OPENED YET BUT IMPORTANT LAWS THAT WOULD PROTECT THAT PORTION ETC ARE EXPECTED TO BE ADDRESSED IN PARLIAMENT SATURDAY.
7-22-2015 Newshound Guru Kaperoni Article IV Consultations are the name the annual reviews that take place between the IMF and the Central bank. Once the IMF agrees, and the CBI accepts Article VIII, that is like offering a warranty...it makes Iraq much more attractive to global banks and it makes a clear statement that the CBI is in compliance with the IMF. Banks that are conservative in nature (like Wells Fargo) would only do business with other banks that are VIII compliant. I am not saying they would, but Article VIII is a good start for global commerce with the dinar...without it, they continue to struggle for banking partners. So, the article was techically correct.."the Iraqi market is now open to markets Global directly without restrictions". [post 2 of 2]
7-22-2015 Newshound Guru Kaperoni Once sanctions were lifted on Iraq, and the banking system, Iraq is free to engage with the world. [so the sanctions have been lifted? is that right?] Yes...sanctions are lifted some years ago. But currently they are under Article XIV with the IMF which is technically called "Transitional" So Iraq is free to engage with any financial instution that is "willing" to take the risk. And many do...Especially since the CBI now guarentees funds/payments from it's financial institutions. The bottom line, is as long as the CBI is under Article XIV they will have trouble finding instutions to do business with them. Its just the nature of it. Now, once the CBI has met the conditions of the Article IV Consultations...And have demonstrated that they can function by those conditions...They can ask the IMF to give them the blessing of sorts to move from Article XIV to VIII. [post 1of 2....stay tuned...See the Dinar Guru possible "to do list" in the Resource Bar on the left side of this page]
7-22-2015 Newshound Guru Adam Montana [Now that Ramadan is over, to the best of your knowledge, what do you see happening now as far as Iraqi government is concerned? What areas will they tackle or will it take a couple of weeks to really get down to business?] We're going to have to watch the news and see how it goes. We might be on a fast-track, or we might be looking at a couple months before they get cranking. I'm not going to pretend I know the future. I have high hopes for the next few weeks, which is rare for me, but just the same... I know better than to get too excited before I have some solid news.
7-22-2015 Newshound Guru Kaperoni the recent articles about the 50k, 100k notes are not lower denominations, nor are they talking about raising the value of the dinar at this time. The plan, at this time is "status quo" meaning there is no intent to delete the zeros at this time and the issuance of a 50k and possible 100k are to make the dinar more desirable amongst Iraqi's. The hope is not only to get citizens to use the dinar, but to make it easier to carry in public (at the current exchange rate). Adviser Saleh also states the issuance of these notes will help reduce the physical note count. As for when they will begin to delete of zeros, Magda Tamimi said the deletion of zeros and printing new currency is not convenient at the present time and such a project needs more security stability and should wait until the circumstances improve.
7-22-2015 Intel Guru Mnt Goat I have also talked much in the past about the need to have a secure environment in Iraq. Mosul and Anbar, two very critical areas for ISIS occupation. News from the GOI have told us these are the key areas to getting rid of ISIS from Iraq. This is a requirement prior to any RV. This battle began last Monday 7/13 and now it is over a week in progress. We have heard only good news on the successes of this movement. Also we are now hearing they intend to speed up the process of bringing the former prime minister (now deputy VP) Nori al-Maliki to the ICC (international criminal court) for trial based on genocide and other crimes against humanity. We are also now hearing the are literally just days away from striking a deal on the final HCL law.... This new version will also take care of the Article 140...These are all items I suggested we all should watch...and should be HOT items on our radar. We are getting the necessary security and stability in Iraq now and so leaders of Iraq and seeing an opportunity and are suggesting to the CBI that they now jump on this time to finalize the currency reform process. [post 2 of 2]
7-22-2015 Intel Guru Mnt Goat Article: "PARLIAMENTARY FINANCE SUPPORTS THE ISSUANCE OF NEW CATEGORIES OF CASH TO FACILITATE THE PROCESS OF CARRYING CURRENCY" ...very, very good news...an article from parliament finance that tells us they are supporting an IMMEDIATE ISSUANCE OF THE NEW CATEGORIES OF LOWER DENOMINATIONS that would replace the larger three zero notes. We know that the only way they could do this is also to continue the project to delete the zeroes which means collecting them from us. They are not going to get them from us and they can not issue these lower denoms until they significantly RAISE THE VALUE. With everything happening in Iran as they are coming out of sanctions now, Iraq can not remain in isolation and now we see the pressure building here again and the climate is now right for delete the zeros. [post 1 of 2....stay tuned]
7-22-2015 Newshound Guru Adam Montana We're finally through the tedious...slow...agonizing days (which felt like months or years!) of Ramadan. I'm actually eager to see what comes out of the next meetings of Parliament, IMF, GOI, CBI, and a few others. Some of us have been around long enough that we give the current situation a "wise eye" and some of you are hesitant to get excited... I get that. I'm in the same boat. I am a bit hesitant to get excited when it comes to Iraq, just like many of you. BUT... BUT! Something feels different right now. We're only a few days outside of Ramadan, so I'm not surprised to see that there's a lack of major news, much less an RV. That doesn't mean I am not confident that the IQD will gain value. In fact, I am VERY confident that the IQD will gain value! My overall feeling on the Iraqi Dinar right now is positive, so ...we wait for Ramadan to wrap up and let the Iraqi people get back to work.
7-22-2015 Newshound Guru sczin11 WHAT IS ALL THIS TALK ABOUT OCTOBER? WHO STATED THE CONGRESS RATIFICATION PERIOD OF 60 DAYS, FOR THE IRAN NUCLEAR DEAL, HAS ANYTHING TO DO WITH THE RAISING OF THE VALUE OF THE IRAQI DINAR, WITH ANY DEFINITIVE CERTAINTY? WE DON'T know, WHAT WE DON'T KNOW! PERIOD! HOWEVER, WHAT WE DO KNOW, IS ALOT OF INK, AND ALMOST AS MUCH OFFICIAL INK, THAT CHANGE ...REFORM...MONETARY AND ECONOMICALLY, ARE IN THE PROCESS...THE IRAQI GOVERNMENT CONTINUES TO MAKE STRIDES...
7-22-2015 Intel/Newshound Guru Poppy3 GOT A CALL YESTERDAY TELLING ME THAT ABADI REALLY IS TRYING TO MAKE ALL HAPPEN BUT IS BEING HARASSED AND NOT MAKING THE PROGRESS HE WOULD LIKE. OUR QUESTION IS CAN THEY PULL TOGETHER TO GET THE BUDGET, TARIFFS, PAYING THE PEOPLE AND THE KURDS ALL THEY OWE BY AUG 1ST. IT CAN BE DONE...
7-22-2015 Intel/Newshound Guru tman23 What they have said in the papers before pulling the 50 note...The lower denoms are a prelude to lifting the 3 zeros from the currency... This was the exact wording... AND definition of prelude.....1. an action or event serving as an introduction to something more important... So more important then the new currency notes will be a "rate"... and I threw a dart at the board and it landed on 3.44...lol And the dart did not float towards the board.
7-21-2015 Newshound Guru My Ladies LOOK TO IRAN AND IRAQ WILL HAVE TO MOVE. IRAQ CAN NOT REMAIN IN ISOLATION AND...THE CLIMATE IS RIGHT FOR DELETE THE ZEROS FROM THE VALUE...GOOD TO SEE IN PRINT. THERE IS NOTHING ELSE NEEDED FROM IRAQ AT THIS TIME, WE DO NOT CARE ABOUT LOANS OR LAWS OR ANY OF IT...LET'S KEEP EYES ON IRAQ NOW...WE CAN BE EXCITED AND WE CAN GET READY TO EXHALE. THINGS JUST GOT VERY REAL ...SO LET'S JUST BREATHE AND LET IT COME TO US. [post 2 of 2]
7-21-2015 Newshound Guru My Ladies IRAQ HAS CONCERNS ABOUT IRAN ADVANCING AND THE EFFECTS IT WILL HAVE ON THEIR BANKING SYSTEM, AND THEN TODAY THEY POST THE PROPOSITION TO DROP THE ZEROS AGAIN...TIMING PEOPLE...PERFECT TIMING! I DON'T CARE ABOUT LOANS OR TARIFF'S OR ANYTHING LIKE THAT. TARIFFS HAVE BEEN IN PLACE SINCE THE DAWN OF TIME AND WE KNOW IT, WE WATCHED AN INTERVIEW FOR 26 MIN WITH ZEBARI AND HE TOLD US THAT THEY WILL IMPLEMENT ALL THE BORDER CROSSING TARIFFS AS THEY BECOME SAFE AND EXPECTED TO BE DONE WITH ALL. [post 1 of 2....stay tuned]
7-21-2015 Newshound Guru sczin11 [is it your belief of a rate change to benefit the investment portion of the budget?] I CAN NOT FATHOM ANY OTHER EXPLANATION WHY NOTHING HAS BEEN RELEASED BY THE CBI FOR THAT PORTION OF THE BUDGET, YET OPERATIONAL SIDE HAS HAD PARTIAL RELEASES OF FUNDS.
7-21-2015 Newshound Guru My Ladies EVERYTHING IS FALLING IN PLACE...THE NEWS TODAY IS REMARKABLE, WE CAN SEE THE WHOLE NEW BANKING SYSTEM GETTING CLEARER AND CLEARER. ALL THE MIDDLE EAST WILL MOVE IN THE SHORT TERM JUST WATCH THE PROGRESS IT IS AMAZING. NOW WE CAN LOOK TO IRAQ A LITTLE CLOSER BECAUSE THEY WILL BE THE FIRST TO MOVE I THINK RIGHT BEHIND IRAN. THE CONNECTION OF IRAQ AND IRAN IS A POWERFUL ONE IN THE MONETARY SENSE, THEY HAVE SAID THIS THEIR SELVES. THERE ARE MANY PROJECTS ON THEIR BORDERS... THEY ARE TELLING US THEY NEED TO KEEP UP WITH IRAN OR BE LOST.
7-21-2015 Newshound/Intel Guru BGG [IF THE TARIFFS GO AS PLANNED WOULD THEIR BE SOME KIND OF AN ADJUSTMENT TO THE RATE AND GO INTERNATIONAL, AREN'T TARIFFS MEAN INTERNATIONAL?] tariffs don't automatically mean international... they could implement the tariffs - leave their currency and let the people fend for themselves - it would be stupid – but they could try it... in spite of their own advisers...lack of value + tariffs = hard times for the people.
7-21-2015 Newshound/Intel Guru BGG [What chance do we have in seeing tariffs on August 1st?] worst case - the not-so-good side, they tread water for a little while, personally - I don't see how that works, but there may be that slim possibility...they will either add value (buying power) to their currency (which has obviously been the plan - on some level) and fully implement the tariff protocols... or they will delay...their own economists have PLAINLY warned them about tariffs with no value - it would be hard on the average citizen.
7-21-2015 Newshound Guru tlm724 Article quote: "Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015" thats right from the CBI, by October! Article quote: "The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment..." Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors.
7-21-2015 Newshound Guru Kaperoni [but Kap you stated / said within a few years we will see a 1 to $1 rate, so your saying not till 2017?] ...again, if you believe what the CBI publishes as a timeframe, then yes. You all must understand the appreciation of the dinar is part of the process. Therefore, when you see the other pieces fall into place, you will know the dinar will rise. I think many economists in Iraq, including Dr Bakri have also said the experts think about "long term" meaning they want to do this right, and not create a situation where the dinar could or would collapses. The dinar clearly can appreciate fast if investors come in...And if it does, it will be great. But it will be directly tied to the economy so it cannot fail! The CBI will never just arbitrary create an exchange rate (RV) without sound principles to support it. Investment and exchange rate are directly related. [post 2 of 2]
7-21-2015 Newshound Guru Kaperoni If the CBI loan program works, it should help expedite employment and create some stability which hopefully will perpetuate the process which will begin to create inflationary pressure for the CBI... Like a snowball rolling downhill. But really, this all comes back to the same problem... Parliament needs to pass laws to create the environment...the CBI official made a very clear statement...That early 2017 they would release category 50, 100 and 200. The dinar exchange rate has to be appropriate for those valued notes...They did not mention anything lower...So we can make a very educated "guess" as to the rate at that time. I do not think there is anyway to tell when the dinar will start to appreciate unless you can see growth, investment in the market economy. Everything else is speculation as to timing... Which means IMO, that the dinar must appreciate between now and then (2017) to at least a penny or dime...And to be honest, that is pretty substantial. [post 1 of 2....stay tuned]
7-20-2015 Newshound/Intel Guru BGG ...there are NUMEROUS - REGULAR - DETAILED articles, reports and comments by very powerful figures in Iraq about Monetary policy and Monetary Reform - ALMOST EVERY DAY...either something is happening - or the Iraqi people are going to be one very unhappy bunch! What? How much? When? What will it look like? What about the exchange mechanism? Who knows? BUT - something is PLAINLY UP...
7-20-2015 Newshound Guru My Ladies THERE IS NO DOUBT IN MY MIND AT LEAST THAT THE DINAR WILL TRADE GLOBALLY. IN WHAT TIME IS THE ONLY QUESTION.
7-20-2015 Newshound Guru sczin11 Article qutoe: "Financial distress affect the investment budget for the ministries and cut off the livelihood of more than four million Iraqis" CONFIRMATION 2 SIDES OF THE BUDGET... INVESTMENT SIDE NOT FUNDED. WHAT WE SEE HERE, IS SPECIFIC REFERENCE TO THE INVESTMENT SIDE OF THE BUDGET, AND DIRECT REPORTING THAT THE CBI HAS NOT FUNDED IT...CLEARLY SOME IN COUNTRY SALARIES HAVE BEEN PAID, AND THAT WOULD BE IN DINARS... REMEMBER, THE DINAR IS THE DINAR...A CHANGE IN VALUE WOULD HAVE NO BEARING WITHIN THE COUNTRY...SHORT TERM IMMEDIATE LOANS WOULD CERTAINLY HELP WITH CASH FLOW, IN ORDER TO GET SOME OF THE PROJECTS CONTRACTED FOR, GOING....BUT, THEY CERTAINLY WOULD NOT SOLVE THE PROBLEM LONG TERM... IT WOULD SEEM, THEY ARE WAITING FOR A CHANGE IN VALUE OF THE EXCHANGE RATE, IN ORDER TO MAXIMIZE THE RETURN ON THE ALLOCATED FUNDS FOR THE INVESTMENT SIDE OF THE BUDGET... OTHERWISE, WHY NOT TAKE A BEATING, AND USE THE FUNDS SET ASIDE FOR THE BUDGET NOW?
7-20-2015 Newshound Guru Kaperoni [but you said--- I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII (reference Guru Kaperoni's post 7-19-15).] the faster the investment comes into Iraq, and capital flows through the CBI's Capital Account, the more aggressively the CBI would have to manage the rate. [Where is all the influx of foreign currency coming from?] Iraq has signed well over 200 (maybe even higher) investment contracts with other countries for investment in many areas including agriculture, manufacturing, tourism, etc. It will come when the situation is appropriate...And the capital will flow like no other has ever seen before once it starts. And we should all hope for that because that "is" what will raise the value of the dinar. [post 2 of 2]
7-20-2015 Newshound Guru Kaperoni [Are we still floating?] Well, I can assure you the CBI will not randomly assign a new rate...And the rate will be based on the activation of the market economy and growth of that economy. Can it go up fast? Sure it can...And some experts in and out of Iraq expect it to do so because it is..in their words.."grossly undervalued". [when inflation hits how do you see them dealing with that issue at 1166 or pennies on the iqd?] the monetary tool for controlling inflation is raising the value of the currency. That is why the dinar is being held at 1166. I really cannot tell you how fast it would rise. It is really a direct result of the investment in Iraq. [post 1 of 2....stay tuned
7-20-2015 Newshound Guru My Ladies [Is it possible that Iran and Iraq have found a way to conduct trade with one another that circumvents Iraq's imposed program rate?] IRAN AND IRAQ HAVE BEEN TRADING FOR YEARS ALREADY. BUT I THINK IRAQ HAS TO REACT FOR MANY REASONS. SHARING A BORDER AS LONG AS THEY DO WITH IRAQ AND BEING OPEN FOR INVESTORS WITH LITTLE HEADACHES I THINK MANY OIL COMPANIES ESPECIALLY THOSE THAT HAVE NOT RECEIVED PAYMENT SINCE 2012-2013 WILL FIND IT EASIER TO SET UP SHOP IN IRAN. AND THE PORTS THEY ARE GOING TO BE SHARING IS ANOTHER REASON. I THINK WE ARE ABOUT TO SEE STABILITY IN IRAQ PDG AND I THINK IRAN EMERGING WILL BE THE PUSH THE ENTIRE MIDDLE EAST NEEDS TO COME TO THE MARKET.
7-20-2015 Newshound Guru Kaperoni I can get as excited as anyone, but with this event heavily dependent on the passing of laws the create the investment environment (which is directly related to the rate of the dinar), i have less faith that parliament will get the job done. They do very little. It is truly sad...over 150 laws have been read twice. When you read from various clerics, or officials that Iraq should not take a loan, its not because of the debt, its because they don't want the terms (stand by agreements) that come with them. Stand by Agreements are the only real way to make Iraq get the steps done the world is waiting on. So in reality, we want Iraq to take these loans from the IMF and World Bank.
7-20-2015 Newshound Guru Chattels Unless and until there is greater control of the Syrian border, I doubt that the tariffs can / will be implemented. We shall see. Could such control be accomplished by the 1st? Possible, but unlikely, IMO.
7-20-2015 Newshound Guru Millionday THE OIL LAW IS HUGE IN A COUNTRY PRODUCING OIL AT THE LEVEL THEY DO IN IRAQ BUT -- TO SAY THE MONETARY POLICY CANT MOVE FORWARD BEFORE THE HCL IS DONE OR AFTER IS INFORMATION NO ONE HAS -- AT THIS POINT THEY HAVE THE 2011 -- SO IT MAY EVEN BE RELIANT ON ISSUES RESOLVED IN THE OIL AGREEMENT -- TO KNOW WHICH IS TO BE ACTIVATED FIRST CANT BE DONE BUT -- THEY ANNOUNCED THEY WOULD USE THE OIL AGREEMENT WHILE THEY FINISH THE HCL -- THAT WAS INTERESTING TO ME TO STATE. [no hcl no rv correct?] NO NOT CORRECT...THE HCL DOES NOT DEFINE IF THE MONETARY POLICY IS RELEASED OR NOT -- THE PLAN ITSELF WILL DO THAT -- MEANING THE PLAN FOR REFORMS.
7-19-2015 Intel Guru Mnt Goat Iraq still has plans to fully implement their tariff law come August 1st. We can see the billions of annual lost revenue from not having these tariffs in place as they planned to do years ago. They keep postponing this implementation. Why? It's because they need a realistic rate and just a rate of the Iraqi dinar on the global currency exchanges in order for these tariffs to work. We can also see this past week they need more security in this area to protect the trade routes and harbors. Iraq has a liquidity problem? Iraq is in a financial crisis? Iraq has devaluing with regards to the dollar? Could this all be caused by not having a realistic currency rate and being traded globally? So what is the holdup? So when will this all end and they finally get Article 8 of the sanctions lifted thus having back their currency? Can you see it is more than time to do this. This next couple weeks should be very exciting! I believe we might be heading for a window of opportunity for an RV in these coming weeks.
7-19-2015 Newshound/Intel Guru BGG ...they are talking about currency reform...literally EVERY DAY... it is breath taking...this tells you - pretty much what they think.
7-19-2015 Newshound Guru Kaperoni ...they on the right track now. I am hopeful that within a few years we will see a 1 to $1 rate. These articles can be exciting when they talk about change...but Iraq does nothing fast. I would guess at least 2-4 years before the CBI would be in compliance for the blessing from the IMF to move to VIII. Keep in mind, Article VIII really means nothing to us and as Dr. Bakri insinuated...currency reform will come before Article VIII. That is why I have always said, those who tell you your going to walk into a bank and exchange are FOS because if the reform happens before Article VIII, it is unlikely conventional means of exchange will work since most financial institutions don't deal in dinar under Article XIV. we just need to wait and see and find some legit businesses once the dinar begins to rise since I am certain most banks will avoid it especially if they are still in Article XIV. One thing for sure, lots of positive talk about the dinar, the banking system of late. It can only bring attention to it at the CBI.
7-19-2015 Newshound Guru Millionday [WITH THE VALUE OF THE OIL AND THE OTHER COMMODITIES, HOW CAN THEY HAVE A LOW VALUE WHEN THE ENTIRE WORLD KNOWS THE VALUE AT CURRENT IS SIGNIFICANTLY UNDERVALUED, WOULD THE IMF ALLOW THAT TO HAPPEN?] I DONT SEE THE COUNTRY OPENING UP TO THE WORLD MARKET WITHOUT TARIFF AND CUSTOMS ACTIVATED --- I WOULD SAY IT IS HUGE TO CALCULATE THE DINAR FOR IRAQ TO COME OUT IN VALUE AND CONFIDENCE TO THE WORLD -- I WOULD THINK THAT MANY WOULD NOT ALLOW IT NOT TO BE DONE --- WTO--WORLD MARKETS--SHARE HOLDERS-IMF--WORLD BANK--THE ISLAMIC BUSINESS COUNCILS -- ETC ETC.
7-19-2015 Newshound Guru Kaperoni ... there is a reason the dinar is being held low and pegged right now...Iraq has no market economy and to create one, creates alot of pressure on the financial system...especially one that has the potential as Iraq does...once the laws are passed and stability sets in, the pressure caused by the influx of investment and investors will be huge...keeping the dinar weak now, gives the CBI lots of room to grow to counter the pressure. Well, many experts do think the dinar is undervalued, some say "grossly". But like so many economists have said, the exchange rate is directly related to the productivity of a country...So we have to wait for that productivity and the dinar will rise! Lots of upside.
7-18-2015 Newshound Guru wmawhite When Iraq started this journey...the journey of rebuilding their country from the ground up...it has never been about us. Instead, it has always been about Iraq and the people of Iraq. We are fortunate to be invested in a company that we call the country of Iraq. And as the PM Abadi told the world, Iraq will join them upon the world's economic stage very soon.
7-18-2015 Intel/Newshound Guru tman23 ask yourself...At the time the Abadi government took over they were well aware of a lack of funds in the GOI treasury... If we suspected the treasury was broke, you can bet the house they (the new GOI knew it). It is not as if the new GOI was imported from Japan, the whole "reseating" was a game of musical chairs...same players who knew the financial state of Iraq.... So why did Jabouri question Ismail over lifting the 3 zeros in November....And then the 2015 Budget set with oil being $56 per barrel...WE knew the numbers did not add up and posed a 40% deficit. If we knew it, they sure as he** knew it too! That said; the Kurds had to know darn well that 17% of the budget was impossible for Baghdad to meet...WE KNEW IT! So then late January Abadi promises raises to the citizens, back pay with raises retro -active back to January 2014...Abadi asked citizens to be patient until June... Just what was Abadi expecting? Where was this wild $$$ coming from?
7-18-2015 Newshound Guru wmawhite ...just as in any country,..the currency count must be controlled in order to maintain the value and integrity of it. And as they have indicated, the value MUST change. therefore, the control of the currency must be in place. [ just still seems like CBI is worried about closing the gap of the market rate and the actual rate then increasing the value of the Dinar.] those are two different issues - One is a in country issue that is temporary. The other is an international issue which will be the international exchange rate.
7-18-2015 Newshound Guru sczin11 FYI... EID ENDS SUNDAY FOR SOME, MONDAY FOR OTHERS...PARLIAMENT HAS NOT ANNOUNCED WHEN THEY RESUME...COULD B MONDAY WEDNESDAY OR THURSDAY...WE WAIT.
7-18-2015 Newshound wmawhite If you signed a contract with Iraq today do you really care what the exchange rate is? I wouldn't. All I care about is that Iraq pays my contract on the first of the month every month for whatever the contract is worth in USD...I would not care what the value of the IQD is or was. However... however...however... Iraq cares what the value of their currency is IF they start paying foreign remittances in IQD...now they would care.
7-18-2015 Newshound Guru tlm724 Article: "O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate..." Quote: "The exchange rate of the basic economic variables that change per day continuously in response to the forces of currency supply and demand." This is a good article in so far as laying out the current status of the Iraqi economy...It basically states that Iraq has a ways to go according to the author in so far as setting the stage for conditions that will support the dinar and any value that we hope to see. Their currency can and will reflect the true wealth of Iraq. We cannot expect overnight success with so much on their plate at once. They will show us the true value of the dinar WHEN it reflects the supply and demand. In order to have demand their must be an economic plan that will create the demand. Iraq has asked for help and they are receiving it. The World Bank is there, right now! The US Treasury is there, right now! The United Nations is there right now! All with a common goal in mind. To help Iraq SUCCEED! When they succeed we succeed!
7-18-2015 Newshound Guru Millionday [what is eid?] EID IS THE HOLIDAY THAT IS THE END OF RAMADAN -- IT RUNS TO THE 20TH AND IN SOME AREAS TO THE 21ST. IRAQ HAS STATED THAT SO MUCH IS HAPPENING AT THE END IT IS HUGE MOVEMENT IF THEY GO FORWARD WITH THE HUGE LIST THAT WOULD INCLUDE DUE TO THE WAY IT ALL FITS TOGETHER -- IT INCLUDES AMONG OTHER THINGS THE IMPORTANT LAWS -- THE TARIFF AND CUSTOMS - THE REFORMS -- THE INVESTMENT LAWS -- BANKING -- BONDS -- CONTRACTS ETC. ETC.
7-17-2015 Newshound Guru tlm724 Article: "The United Nations stands ready to play a mediating role between Baghdad and Erbil!" having the UN intervene is a good thing! I don't believe this can resolved without this intervention! That said, having the World Bank involved in the economic reform and the UN involved in the oil agreement is a needed *slap* for Iraq because they obviously can't do it on their own!
7-17-2015 Newshound Guru tlm724 Article: "Parliamentary Energy: There forthcoming meeting of the Ministers of oil and finance to the governments in Baghdad and Erbil" Commission on oil and energy parliamentary confirmed that there is forthcoming meeting between the ministers of oil and finance to the governments in Baghdad and Erbil to discuss the repercussions of the oil dispute and to address the obstacles that finally got. *hallelujah* lets do this thing once and for all! [See possible to do list in the Dinar Guru Resource Bar on the left of this page....]
7-17-2015 Newshound/Intel Guru BGG This is / has been / will be... an investment. NOT A GUARANTEED TICKET, not a bail-out, not a "show-me-where-to-push" so I can get rich button. It is, by many economists reporting - a grossly under-valued currency on the verge of "repositioning". A currency - an investment...
7-17-2015 Newshound Guru Stryker Abdalhasin Anbuge...Counselor for Economic Affairs-prime minister QUOTE "there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects". Dr. Abdul Basit Turki...Former Governor Central Bank of Iraq. QUOTE "the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors". Mohammed Saleh...Former Deputy Governor CBI and Adviser to PM Abadi. QUOTE "need to unify the exchange rate between the central bank and the price that deals with people in the market, and make it pricier one actually commensurate with the oil and economic conditions austerity sale and the defense of this price volatility price." three of top economic advisers support moving the exchange rate higher to conform with today's circumstances...all three man believe it is time to increase the exchange rate of the Iraqi dinar.
7-17-2015 Newshound Guru tlm724 Article: "Border crossings director for} {Euphrates News: We seek to trade diversion of Trebil to Arar" Quote: "The Directorate proposed trade diversion from Atrebel border port between Iraq and Jordan to Arar border port and be Hama port for Saudi Arabia through the approval of the General Secretariat of the Council of Ministers." they are finally figuring this out, change the border crossing as we saw them do the other day in order to gain control...then open them back up once they have control of the area, they'll have to do this quickly if they expect tariffs to be implemented in August.
7-17-2015 Newshound Guru wmawhite [I heard that when they close their borders is a positive sign.] I have never understood what the closing of the boarders would have to do with the IQD changing in value "outside" of Iraq...it never made any sense to me. [I heard it was from when they revalued their currency years ago...they prevented people from coming in to country to exchange... their was just a few days to do it in.] This is why I don't get that reasoning...inside Iraq the 1 IQD will equal 1 IQD...regardless what the exchange rate will be out of Iraq. If you took your IQD today and went to Iraq you would receive 1 IQD for every 1 IQD you have...and even after the IQD changes in value...you will receive 1 IQD for every 1 IQD you have...and yes...it will have more value outside of Iraq...and that is important OUTSIDE of Iraq...
7-17-2015 Newshound/Intel Guru BGG The IMF, WB and others are ready willing and able to help... but it is becoming increasingly clear all the "good intentions" they can muster won't be enough. Abadi (and others) must come to the table with real reforms. The good news. It appears - they are working diligently on such reforms. Both internally and with external help (the Iran deal). the next few days and whether or not Maliki actually resigns will be a very exciting time - in relation to this investment (directly)... I have been plain in my opinions - Maliki (former PM) has held some sway over monetary policy (from behind the scenes) - it is an easy case to make. His usefulness to Iran and the world, for that matter wanes. Once his is out of the way, I expect things to fall (or be put) into place quickly. Reportedly - this may be afoot as we speak...
7-17-2015 Newshound Gurus OOTW & sczin11 IF THEY ARE CLOSING THOSE BORDERS, THEN GUESS WHAT? THEY CAN IMPOSE TARIFFS ACROSS ALL BORDERS...THAT ARE OPEN! OBVIOUSLY THE POVERTY STRICKEN COUNTRY, CANT AFFORD THE GOODS NOW, THEY CERTAINLY WONT BE ABLE TO AFFORD THEM WITH HIGHER COSTS...HOWEVER, WITH AN INCREASED PURCHASING POWER, AND THE LAUNCHING OF THE PRIVATE SECTOR...WELL ... [post 2 of 2]
7-17-2015 Newshound Gurus OOTW & sczin11 THE BORDER'S ARE OBVIOUSLY NOT SAFE WITH THE RELEASE OF "BORDER CONTROL" ANNOUNCEMENTS... IN ACTUALLY ALL THE TRADE WAS DIVERTED TO THE KUWAITI PORT IN BASRA WHICH WE NOW SEE IS GOING TO BE OPEN 24 HOURS PER DAY...WITH THE BANKS OPEN AS WELL TO COLLECT - WHAT BANKS DO AT A BORDER...THEY ARE THERE TO COLLECT TAXES...SO LOOK AT THE TIMING HERE... THEY'RE RECONFIRMING THAT THE TARIFFS WILL GO INTO EFFECT AUG 1 2015..."ACROSS ALL BORDERS". [post 1 of 2....stay tuned]
7-17-2015 Newshound Guru Adam Montana [Do you have an opinion you would like to express whether or not the Iran nuke deal is good, bad or indifferent to an RV and why?] I don't know all the specifics on it, so I can't speak with any authority... but if history is any indicator, it's not good and I don't like it. What does it have to do with an RV? I'm sure it will have some kind of impact at some point in the future, but probably not until after an RV is already done, which means it won't be a major factor in the actual event.
7-17-2015 Intel Guru Frank26 [Turki last week...now this economic counselor to Abadi this week. Only thing missing is the date! "there is no benefit of the Iraqi economy to uphold at the official current exchange rate set by the Central Bank (US $ 1 = 1166 Dinar ) We must move to a higher level reduces the negative effects of hyperbole price of the dinar exchange and creates positive effects"] He is a COUNSELOR...Not a puny ADVISOR. OHHHHHHHHH SOOOOOOOOOOOO SCRUMPTIOUS!!!
7-16-2015 Newshound Guru Millionday ACCORDING TO WHAT WE SEE -- MALIKI IS GOING TO -- INTERNATIONAL COURT. [when is he going to the International Court?] IT DOESN'T SAY -- JUST THAT HIS MEN ARE BEING BROUGHT BACK ALSO AND HE WILL STAND COURT. [Take Maliki out of the picture; what is your overall opinion of the political stability & the fight on terrorism in Iraq?] I THINK THAT HUGE PROGRESS HAS BEEN MADE AND OF COURSE IT WILL CONTINUE -- HOWEVER -- THE REPORTS OF PROGRESS SHOW CONFIDENCE IN THE COUNTRY AND ITS SECURITY PROGRESSION --THE GOV SEEMS MORE SECURE ACCORDING TO REPORTS THAN EVER IN HISTORY.
7-16-2015 Newshound/Intel Guru BGG Iran isn't associated as a trade partner with Iraq. They have been using Iraq as a proxy "valve" to mitigate sanctions. FACT. ...now that they don't need to choke Iraq off - they won't. [No longer need Maliki.] he should cut a deal now - they are close. Wait til he gets a load of Iran throwing him to the wolves too.. I think the next few says [days?] are going to be very interesting
7-16-2015 Newshound Guru Kaperoni Article: "O.d.abdalhasin Anbuge *: Iraqi dinar exchange rate ... hole swallows foreign exchange reserves" Anbuge is calling for the CBI to start reforms which he clearly refers to floating the dinar.
7-16-2015 Newshound Guru Aggiedad77 Article: "A proposal for the establishment of micro-finance fund" 100 billion dinars...yep you heard that right...100 billion dinars to fund what they are calling "micro-enterprises"...small business loans...sounds like they are wanting to get serious about jump starting their private business entities...this is good for their economy...good for the Iraqi business owners...good for start up ventures...good for the MR...what else can I say about it...good for us too...oh Happy Days...here we go...
7-16-2015 Newshound Guru Millionday [How do you think Iran's situation figures into Iraq if at all?] IT IMPACTS IRAQ IN HUGE WAYS WITH THE MINING - BANKING - OIL AND THE TRADE AGREEMENTS THAT THEY HAVE - THE FROZEN FUNDS DUE TO SANCTIONS BEING RELEASED IS HUGE FOR IRAN AND IRAQ DUE TO THEIR HISTORY.
7-16-2015 Newshound Guru Adam Montana [Hows the situation with ISIS there right now? Can they still RV despite the many hectic situations over there?] ISIS will be an issue until they are eradicated, which will never happen completely. Regardless... ISIS is not enough of an issue to stop Iraq from manipulating their currency.
7-16-2015 Intel/Newshound Guru Poppy3 [Millionday: NOTE -- HUGE PROGRESS IN THE WAR AGAINST TERRORISM AND THE OPERATIONS THAT HAVE BEEN GOING ON AGAINST THEM FOR THE LAST FOUR DAYS TO FREE CITIES IN IRAQ.] I REPORTED 4 DAYS AGO FROM OUR MILITARY THAT ISIS AND DASSH IN ANBAR AND MOSUL WHERE RETREATING AND HIDING AS IRAQ TROOPS TRAINED AND BEING DIRECTED BY OUR MILITARY LEADERS WHERE DRIVING THE NEW ATTACKS AGAINST THEM. ...WE READ IN MILLIONDAY NEWS THAT IS EXACTLY WHAT HAS BEEN AND IS HAPPENING. GREAT CONFIRMATION.
7-16-2015 Newshound Guru OOTW RIGHT NOW, THEY KURDS (RIGHTFULLY SO) ARE FLEXING THEIR MUSCLE AGAIN TRYING TO GET THE OIL AND GAS DEAL PASSED SO THEY CAN OFFICIALLY DISTRIBUTE WEALTH. THEY'RE GOING TO DO THEIR BEST TO FALL TO EVERY LAW THEY CAN TO SUPPORT THEM. ALSO THEY'RE QUITE UPSET WITH THE FACT THAT THE FEDERAL COURT ACT HASN'T PASSED AND THEY ARE NOT HAPPY THAT MASSUM (PRESIDENT OF IRAQ) HAS TURNED OVER AUTHORITY TO JOBOUR (PRESIDENT OF PARLIAMENT) TO PASS LAWS. AT THIS POINT, I'M HOLDING WITH WHAT MASSUM HAS SAID HE'S GOING TO GIVE JOBOURI THE POWER TO GET THE LAWS PASSED AS HE SEES FIT.
7-15-2015 Newshound Guru Aggiedad77 Article: "Parliamentary oil: the coming weeks will witness a new agreement between the center and the region" The Oil and Gas Committee within Parliament is saying that within weeks we might expect to see a new agreement between Baghdad and Erbil...we've heard hints of a new agreement...rumors of such...probably the biggest bit of news about this would be allowing the Kurds to sell their own oil...what a major shift that would be...a major win for the Kurds but a setback for Baghdad it would seem...OR... could this be hints at some eye-opening resolution to the HCL...would that not put a feather in a few caps.
7-15-2015 Newshound Guru Millionday LETS LOOK AT HOW IRAN DEAL IMPACTS ON IRAQ... IRAN NEEDS TO ACTIVATE BANKS IN IRAQ... AS I HAVE BEEN SAYING -- EVERYTHING WORKS TOGETHER -- THIS APPLIES ALSO TO THE BIG PICTURE FOR GLOBAL TRADE AND THE IMPACTING POLICIES... THIS AGREEMENT IS HUGE. [if Iraqs close ties to Iran was holding the rv back do you feel this may speed it up or no connection?] THEY CERTAINLY HAVE A CONNECTION -- NO DOUBT AT ALL -- HUGE AGREEMENTS -- HISTORY -- OIL -- THE BANKING ROLES WITH IRANIAN BANKS IN THE REGION -- THIS IMPACTS THE BANKING REFORM AND THE MUCH NEEDED INTERNATIONAL BANKING ACTIVATION THEY ARE ANNOUNCING ETC.
7-15-2015 Newshound Guru Adam Montana [Does the country of Iraq have adequate funds to cover an RV of a substantial size?] Sure they do. They don't have to pay in cash immediately, just like our banks don't carry enough cash on hand to cover all of their deposits. The banking world is a magical place where the value of money is exactly what they say it is.
7-15-2015 Newshound Guru sczin11 HERE IS THE ONE AND ONLY FACT ABOUT THE IRAQI DINAR WE HOLD...AT THE PRESENT TIME IT IS THE REAL CURRENCY, CURRENTLY USED, BY A COUNTRY AND NO ONE, NOT EVEN FORMER PM MALIKI, CAN ARGUE THAT FACT. THERE HAS BEEN NO MENTION OF REPLACING THE OLD CURRENCY, AND MAKING IT VOID...LIKE THE OLD FIFTY NOTES.
7-15-2015 Intel Guru Delta [The 2 lower denoms...are you feeling good that we'll see them in the month of July?] We believe sooner than many are thinking. We all know that the CBI is going to be putting up 1 Trillion to the banks in Iraq … loans for the citizens. The CBI will not give 1 Trillion dinar...they will first increase the value. Very high possibility that we'll see something come out about the lower denoms.
7-15-2015 Newshound Guru Adam Montana ...it is ALMOST the end of Ramadan...I'm excited to see this train start chugging along again! Although we've had a bit of a lull, Iraq has proven to me in this year alone that they are "in it to win it", and I have a feeling that the lull was intentional. They most likely knew that any significant progress on the HCL immediately before Ramadan would only put a strain on them that they could not handle during Ramadan. Ramadan is what it is. And what it is, is almost over! Now we find ourselves in a little SNAFU over the timing of it. Ramadan officially ends on the evening (our morning) of Friday July 17. The official workweek for Iraq is Sunday to Thursday... so Ramadan is ending on the start of the weekend. With that in mind, I don't expect anything on Friday or Saturday, but I am very anxious to see what starts rolling out on Sunday. So on that note, I'll simply say...GOOOOO HCL and GO RV!
7-15-2015 Newshound Guru Enorrste ...the removal of the three zeros is separate from the initiation of the float. We all know that the removal of the large notes cannot take place in the near term because the value of the dinar is too low. Only after the initiation of the float and a rise in the value will the removal of the large notes come into play.
7-15-2015 Newshound/Intel Gurus My Ladies & Nova "...the nuclear-related economic and financial restrictions imposed by the United States and the EU targeting the Iranian banking, financial, oil, gas, petrochemical, trade, insurance and transport sectors will be annulled...the UN Security Council...will adopt a resolution in seven to 10 days making the JCPOA an official document." AGAIN AND AGAIN WE MAKE CONNECTIONS WITH IRAQ AND IRAN AND MORE AND MORE I'M THINKING THIS IS THE STABILITY IRAQ HAS BEEN SPEAKING OF, ESPECIALLY AFTER LEARNING THEY HAVE BEEN PUSHING FOR THIS DEAL FOR YEARS. I THINK WE COULD STILL BE IN THE JULY WINDOW! YA THINK? IRAQ IS ALREADY FREE OF THE UN. IRAN IS ABOUT TO BE! WE DONT KNOW WHAT CURRENCY NEEDS TO GO FIRST OR IF THEY NEED TO GO AT THE SAME TIME. SO THINGS CAN START CHANGING AT ANY MOMENT FOR IRAQ.
7-15-2015 Newshound Guru Millionday Article quote: "President of the National Business Council, the Iraqi David Abdul Zayer stressed the need for simplification of procedures Government relating to the reality of investment..." THE PRES OF IRAQ`S BUSINESS COUNCIL IS ASKING THAT THE PROCEDURES BE AS SIMPLE AS POSSIBLE FOR INVESTORS...ALSO ASKING FOR THE DATA ENTRY SYSTEM TO BE LAUNCHED SO THEY CAN INTERACT AS EXPECTED WITH INTERNATIONAL INVESTORS. THIS CHANGE TO A DATA SYSTEM THAT IS AT THE CITIZEN LEVEL CREATES A POSITIVE ATMOSPHERE --AND THE GROWTH OF THE IRAQI ECONOMY. THIS IS WHAT IS NEEDED TO PUSH IRAQ TO REFORMS AND WILL ALLOW TRACKING FOR THE ISSUE OF TAXATION --CUSTOMS--INSURANCE -- THIS WILL ALSO MAKE IRAQ ONE OF THE GLOBALLY TRADING COUNTRIES.
7-15-2015 Intel Guru Delta The credit rating of Iraq has NOT been announced yet. Probably nothing will happen this week...but as soon as everyone comes back from holiday (EID)...that's what we're watching. We're also watching the loans given to Iraq from the World Bank. The bonds are probably going to be issued by the end of this month...we're just waiting for the credit rating. They have to be Article 8 compliant...currency internationally traded...remember the list of nations that are issuing bonds... Iraq is on that list. A lot of good news is coming out of Iraq.
7-15-2015 Newshound Guru My Ladies I THINK THE NEWS TODAY IS UNBELIEVABLE...AND NOW WE CAN SEE IRAQ AND IRAN ALL TIED UP TOGETHER. IRAQ AND IRAN WILL MOVE TOGETHER FROM THIS DAY GOING FORWARD! AND THEY ARE EXCITED TO DO IT! SECURITY AND STABILITY!!! THE SECURITY AND STABILITY THAT THIS DEAL IS GOING TO PROVIDE FOR THE ENTIRE MIDDLE EAST!! I BET YOU THIS RIGHT HERE IS THE SECURITY IRAQ HAS BEEN WAITING ON!!
7-14-2015 Intel Guru Delta As far as security...in the next 24-48 hours...you'll hear some very good news...Iraqi army is defeating ISIS / DAASH...which may happen before EID. We are expecting something big to happen in July based on CBI articles. 50/50 chance...maybe the CBI will pull the trigger. They might do it...they might not. But either way we are very close....they are telling the citizens that they are going to get paid. Everyone knows that they have a target date. They will give them power of purchase. They are doing this for the people inside of Iraq. They are telling them that the IQD is about to be 1 to 1 with the US Dollar. ...the taxes/tariffs must go together. This can't work without it! Mathematically it doesn't work if they don't increase the value.
7-14-2015 Newshound/Intel Guru BGG [News sure looks good.] last couple of days really looks good. I am encouraged by the broad base of foreward movement right now.
7-14-2015 Intel Guru Mnt Goat Are we going to see an RV this week? I can say we are heading for an excellent window for an RV soon...since there is now evidence that is telling us the USA and the UN are happy with the progress in Iraq. Folks there is nothing more for Iraq to do as far as the banking laws or other international issues to setup for this RV trigger. It is now just a matter of dealing with the ISIS and DAASH situation and the roots of anyone who instigated it and can influence the politics of Iraq in the future that may cause a repetition of these security breaches in the future. I can assure you, until there is the needed physical security and political stability in Iraq there will be no currency revaluation.
7-14-2015 Newshound Guru Enorrste There is an external viewpoint and there is an internal viewpoint. Within our own country we do not see any changes in the dollar on the short term, in spite of the fact that its value is moving up and down all the time internationally. The same is true in Iraq. I also agree that the value of the dinar is reflective of the "state of the economy" in Iraq. However, the economy in Iraq includes the reserves held by the CBI which, relative to its money supply, is the largest in the world. Therefore, while the "economy" itself is not flourishing, yet, the "state of the economy" as a whole is on solid ground. It is for this reason primarily that the dinar will rise in value rather than fall if allowed to do so. Turki and others (especially Saleh) have stated this as well. I believe Allaq has also stated this several times.
7-14-2015 Newshound/Intel Guru BGG Article quote: "Abadi's office confirms that Iran's nuclear agreement will reflect positively on the stability of Iraq" Well there you have it...I guess Iran's deal does have something to do with Iraq.
7-14-2015 Newshound Guru sczin11 ECONOMIC NEWS BANKING AND INVESTMENT RELEASE MILITARY NEWS: WORLD BANK, IMF...BORDER WITH KUWAIT AND IRANIAN AIR SPACE OPENED... CAN YOU SAY OPEN MARKET...? INTERNATIONAL TRADE...BANKS AT THE BORDERS FOR WHAT? CUSTOM AND TARIFF COLLECTIONS! [how long til a rate change?] SOON. [ARTICLE] TODAY SAYS MALIKI WILL RESIGN AFTER EID HOLIDAY. BORDERS OPENING UP IN BASRA TWENTY FOUR HRS A DAY. IRANIAN AIR SPACE OPENED FIRST TIME IN 35 YEARS. WORLD BANK LOAN SIGNED. SERIOUSLY, LOTS OF RELEASES...TREMENDOUS ER [ECONOMIC REFORM] AND MR [MONETARY REFORM] PROGRESS.
7-14-2015 Newshound Guru Enorrste Therefore, I conclude that Turki is simply stating what we all know: that the CBI is planning to raise the value of the dinar and that it is taking an act of bravery to do so, given the current financial crisis...Article quote: "we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33 and 2.4 pounds, and became in 1979..." Turki goes further, by referring to the "goal" of $3.33 per dinar that existed in 1979. In other words, he is referencing the "plan" that has existed since 2007 to return the dinar to its original value of $3.33 per dinar. [post 2 of 2]
7-14-2015 Newshound Guru Enorrste Article quote: "The fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar." We have seen ample evidence over the last months that the CBI has been making preparations that will lead to a strengthening of the Iraqi economy and the raising of the value of the dinar. On the other hand, we have NEVER heard from anyone that there might be a plan to lower the official value of the dinar. [post 1 of 2....stay tuned]
7-14-2015 Intel Guru Frank26 ...the HCL is in the 2015 budget – waiting for the completion. ¾ of the HCL has been used since 2007...because it makes Iraq money. This has allowed Iraq to limp along month-after-month...The HOT part of the HCL is the 4th part. Yes...the GOI and OIL Companies know how much they are getting from Iraq from the HCL...and soon the citizens will see their part too.
7-14-2015 Newshound Guru Millionday [what is the period or time frame of EID?] THE END IS THE 20TH. [any word ...Maliki 2 step-down after eid?] IT IS REPORTED TO STILL BE HAPPENING HAVE NOT SEEN A CHANGE. THAT IS THIS WEEKEND. NEXT WEEK AFTER HOLIDAYS HAS BEEN SAID TO BE THE ACTIVATION OF SO MUCH -- I CANT WAIT TO SEE THE NEWS EVERY DAY. THE NATIONAL GUARD IS BEING ADDRESSED RIGHT NOW FOR VOTE AND THE IMPORTANT LAWS ARE BEING ADDRESSED AS WELL FOR VOTE AFTER HOLIDAYS...
7-14-2015 Newshound Guru Kaperoni Article quote: "Mustafa sees that many economists are beginning to call for setting a new rate of the dinar less than the current, Mustafa also demanding to float the exchange rate..." I highly doubt the CBI will reduce the value of the dinar. If we saw a mass dumping of dinar when the market rate dropped last month, how do you think Iraqi's would respond to an "official" devaluation? IMO it would be a nightmare. As for a float, though that is what we expect, the conditions are not right now for that to occur. Again, I think we are in a situation where the CBI is hamstrung and trying to buy time for the laws to be passed, and the security and stability to set in. Once that occurs, investors and capital will begin to come in and the CBI can start to look at monetary changes. Until that happens, we wait.
7-14-2015 Intel/Newshound Guru Poppy3 [its looking very good.] VERY, VERY GOOD FOR THE NEXT MONTH. THEY MAY NOT GET IT DONE BUT EVERYTHING SURE SOUNDS LIKE THEY ARE IN THE PANIC MODE TO MAKE IT HAPPEN.
7-13-2015 Intel Guru Frank26 ...I told you that the Iraqi citizen's are becoming weary – just like you and I. In the last 2 weeks they are now being told more about Maliki...The GOI put out campaign to inform the citizens that Maliki will be dealt with. The treason report that was given to the citizens of Iraq (about 9 months ago) – says that Maliki will go to trial. What does that have to do with the MR? Everything! In our opinion when you see the #1 HCL … #2 Maliki contained … #3 will be the RI / RV. We believe these 3 events will come together at the same time.
7-13-2015 Newshound Guru Kaperoni Article quote: "Maliki submitted his resignation after the holiday .. and the first reshuffle of the government ousted by al-Abadi "Hoshyar Zebar..." I'm not buying it. No other sources printed articles today and this source often in the past has had bogus articles. I wish it was true, but I need more.
7-13-2015 Newshound/Intel Guru BGG clearly THE NEWS of the day: Maliki submitted his resignation after the holiday...and the first reshuffle of the government ousted by al-Abadi "Hoshyar Zebari". ...IMHO - that is the main thing I am looking for...amazing how many other items are about to tumble into place. If he goes things are in OVERDRIVE!!
7-13-2015 Newshound/Intel Guru Arthur Thankfully all those people mentioned that have supposedly understood everything while the country has been going to hell in a hand basket are the very ones in serious negotiations right now to finally get a vitally needed and long awaited Hydrocarbon Law in Iraq. ...the HCL is part and parcel of the budget itself and is connected at the hip with a simultaneous or shortly thereafter IQD reality rate at which time the "liquidity" problem will suddenly and inexplicably disappear... and the good news is the timing for this as of now appears to be sooner rather than later given the latest and soon to be public progress made in both public and secret negotiations going on right now. The proof will be in how fast everything is about to start falling in place as they get closer and closer to and HCL agreement leading up to and culminating in the revaluation of the Iraqi dinar. [post 2 of 2]
7-13-2015 Newshound/Intel Guru Arthur Liquidity could be created overnight by the IMF and WB (PTB) in a heartbeat, but nobody is willing to do that to a country in political turmoil with no law governing how that money will be fairly distributed as to maintain a strong dinar for years to come. If you had 18 kids (provinces) that didn't get along, would you just give the oldest one (Baghdad) all the money and trust that the money would be evenly distributed to the others and his creditors? And not to mention this kid you are throwing all this money at has just recently been let off of a decade long punishment for attacking his neighbors and attempting genocide on his own brothers. [post 1 of 2....stay tuned]
7-13-2015 Newshound Guru BGG Article quote: "al-Hakim discussed during a meeting Ambassador Noureddine net representative of the president of CMI civil society, national reconciliation efforts in Iraq." Hakim talking directly about the National Reconciliation is a good step... it shows his political leanings... He's Shia - but he's Iraqi first...this is a good sign for the long term stability of Iraq... Both Hakim and Sadr being on board with THE IRAQ is good.
7-13-2015 Newshound Guru Aggiedad77 Article: "US Consul for Mrbd: Iraq is an encouraging environment to enter the giants" Drum roll please...cue in the giant companies now...especially into Basra where security seems to be well under control...Iraq is pushing for many large companies and corporations to move in and start work within the country...what is holding them back in some areas is the DAASH threat...security...but it continues to improve...Iraq certainly needs the help and these companies...as with any big business...are always on the prowl for the ways in which profits can be improved.
7-13-2015 Newshound Guru sczin11 I AM AMAZED FROM A PURELY FINANCIAL POINT OF VIEW, HOW IRAQ HAS COME THIS FAR, IN THEIR MR AND ER, AND NOT JUMPED INTO THE INTERNATIONAL MARKET, YET! SOMEHOW, PATIENCE IS A VIRTUE IN THEIR EYES...THEY ARE WORKING THEIR PLAN AND OBVIOUSLY, BY THE RESPONSES FROM WORLD AGENCIES AND COUNTRIES, THEY MUST BE ON THE RIGHT PATH... INTERNATIONAL RECOGNITION AND COMPLIANCE TO THOSE REGULATIONS, MUST BE POINTED THE WAY THE WORLD DEMANDS... WE ARE HOLDING THE CURRENCY OF A SOVEREIGN DEMOCRATIC COUNTRY, WITH PRIDE, WEALTH, AND TREMENDOUS RESOURCES...AND MOST IMPORTANT, INTERNATIONAL SUPPORT! WE DONT KNOW WHAT WE DONT KNOW...BUT WHAT WE DO KNOW, IS INVALUABLE! [post 2 of 2]
7-13-2015 Newshound Guru sczin11 SO MANY POSITIVE PROGRESSIVE NEWS RELEASES...SO MUCH TALK ABOUT THE IMPORTANT LAWS...ACTING CBI GOVERNOR SPEAKING OUT OFTEN...CITIZENS AND POLITICAL FIGURES CALLING FOR MALIKI TRIAL...ICC APPEARS TO BE INVOLVED... CORRUPTION BEING CLAIMED IN MANY SECTORS OF GOVERNMENT...PROXY APPOINTMENTS BEING ATTACKED...E-GOVERNMENT PLAN MAKING PROGRESS...INTERNET SERVICES BEING IMPROVED... NATIONAL CARDS APPEAR TO BEGIN DISTRIBUTION...SALARIES BEGIN TO BE PAID...INTERNATIONAL SUPPORT CONTINUES...USA TAX REPORTING COMPLIANCE BACK ON THE FRONT PAGES...ARTICLE VIII ENTRY SEEMS TO BE THE GOAL...AND ON AND ON. [post 1 of 2....stay tuned]
7-13-2015 Newshound Guru Millionday Article quote: "According to a member of the Commission on oil and energy parliamentary deputy for the National Alliance Ibrahim Bahr al-Ulum, Saturday, that the differences on oil and gas law, "simple", noting that it can be solved easily and included in the work of the House of Representatives agenda." THE HCL ISSUES ARE A SIMPLE RESOLVE. HE IS SAYING THAT THE LAW IS READY OR HAS SMALL DIFFERENCES AND SHOULD GO TO PARLIAMENT...GREAT NEWS...
7-13-2015 Newshound Guru wmawhite The USD was inserted into Iraq immediately during the war so that Iraq could function and do business...how it is time for them to pull the trigger and it is coming now. [Is the IQD destin to be part of the SDR basket?] Yes...they have told the world that several times.
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