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8-24-2016 *** Dinar Guru Update *** The new follow up Dinar/President poll is coming down tonight. So if you have not cast your vote, be sure to do it now...Above Left. Latest Guru updates will continue below...
8-25-2016 Intel/Newshound Guru Backdoc I WANTED TO TAKE JUST A MOMENT TO DISCUSS THE CURRENT TIMELINE THAT IS BECOMING APPARENT. BY NOW WE ARE ALL KEENLY AWARE OF THE DIGITAL IEX PLATFORM THAT STARTED TESTING FROM AUGUST 19TH THROUGH SEPTEMBER 2ND...IF YOU PULL UP YOUR CALENDAR...YOU WILL NOTICE THAT SEPTEMBER 3RD LANDS ON THE WEEKEND THEREFORE THE IEX WON'T BE TRADING. WE THEN ENTER A HOLIDAY WEEKEND WITH LABOR DAY. THE FIRST POSSIBILITY OF A FULL VIEW OF THE IEX IN ACTION WILL BE TUESDAY SEPTEMBER 6TH! SEPT. LEADING INTO THE NEW FISCAL YEAR LOOKS TO BE FULL OF ACTIVITIES! YES, THIS IS GETTING VERY INTERESTING!
8-24-2016 Intel Guru Bluwolf Since January of 1991 (Operation Desert Storm) and its outcome on Kuwait...And then watching how some of my town folks in Puerto Rico who were in fact in that war and its revaluation got very rich with the Kuwait dinar ( something that was bought at .05 to .10 cents, and when things stabilized and the National Bank of Kuwait open its doors again, people just got rich at a reinstall rate of 3.64. And then years later during the 42 President it MANAGED to revalue at a very high price. I remember speaking to a gentleman involved and he said, "You wanted to know what I gain with the Kuwaiti dinar, but if you are smart don't focus on this, focus on what I will gain with the Iraqi part of the war for they are next." Well I focused since that day on keeping an eye open to when this new currency was to arise. And I have been at this since then and guess what the currency did arise, first exotic and now as a tradable currency pending going international...I want all to know that God ...willing we are just but an instance away in receiving this blessing...
8-24-2016 Intel/Newshound Guru Backdoc WHEN I SHARED WITH YOU MONTHS AGO THAT IRAQ WOULD BE DIGITAL WITH THEIR CURRENCY YOU ARE NOW STARTING TO GET WHAT I MEANT. WELL, SEPT. 2ND WILL BE A DEFINING MOMENT IN THE GAME SINCE THE IEX PLATFORM LAUNCHES. IF WE SEE NO EVIDENCE OF A STARTING POINT THEN WE WAIT FOR IT TO SHOW UP SOON AFTER. WITH IRAQ AND THE U.S. NOW ON THE SAME FISCAL YEAR OF OCTOBER 1ST WE HAVE VERY HIGH HOPES...THE EVIDENCE IS MOUNTING AT WARP SPEED AND OUR DESTINATION IS AT HAND.
8-24-2016 Newshound Guru rcookie Article: "Urgent .. Zebari announce attend the questioning of parliament and indicates "personally targeted." ZEBARI QUESTIONING IN PARLIAMENT WAS SCHEDULED FOR 25TH...THATS TOMORROW. [...is amnesty vote Tuesday or tomorrow?] AMNESTY TOMORROW.
8-24-2016 Newshound Guru Adam Montana [...do you think Iraq CBI will pull the trigger in 2016 for RV? ] 2016 - I certainly hope so! I am feeling very positive about the coming months, but of course I don't have a crystal ball.
8-24-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL ISSUE 100,000 DINARS, ALSO CBI PROMISED TO ISSUE SMALL METAL CATEGORIES.
8-24-2016 Newshound Guru Adam Montana Things are starting to warm up (as summer cools down, ironically enough). I'm going to let the news speak for me today. Check these out! 1. BIG movement in the oil sector - this could be the start of what we need to see for the HCL: Article: "Abadi replaces the North Oil director with the start of pumping Kirkuk oil to the Turkish port of Ceyhan" 2. Could they possibly have the budget submitted on time for once? It's possible, thanks to the progress made in the GOI over the last couple years! This is evidence that Iraq has made and is making significant progress. GO RV! Article: "Abadi: submit budget bill to Parliament before September 10" 3. A call for floating interest rates could be a signal that intelligent PTB's want to keep their options open, very likely for a situation that will be highly volatile and open doors for massive profits... but not if they were tied down. I like it. Article: "Bankers Call for Floating Interest Rates" Obviously those are some REALLY nice things to be seeing... so with that said, we wait.
8-24-2016 Newshound Guru Enorrste This is the plan. It has been laid out clearly and logically for well over a year. We should expect that its implementation (the 50k came out 6 month ago) will continue until the CBI is ready to float the currency in early 2017 or slightly before. Once that happens the value of the dinar will rise and eventually the 200, 100 and 50 dinar notes will be circulated. By that time the 50k and 100k notes will have become history. [post 3 of 3]
8-24-2016 Newshound Guru Enorrste Once the ball starts rolling and these 25k notes get pulled out then the value of the dinar can be allowed to rise (float). Until they get those notes out of circulation, however, the value cannot rise and won't. If it did then all of the hoarders would become millionaires, which isn't going to happen. So it is a process, and the introduction of the large notes is a part of the process to entice the people to give up their 25k notes. The reduction in paper by 2 to 4 times (each 50k removes 2 25k notes and each 100k removes 4 25k notes) will enable the CBI to then reduce the money supply by allowing the VALUE of money to rise. As it does rise the 100k note will become too valuable to hold in a mattress and people will put them in banks if for no other reason than for safety and security. Once there they will move to the CBI which will destroy them. [post 2 of 3....stay tuned]
8-24-2016 Newshound Guru Enorrste Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" The reason there is low liquidity in the markets in Iraq is because instead of using their dinars many people are holding them in their mattresses. Thus the CBI has been forced to raise the money supply, not because it wants to but because the economy would collapse otherwise. The introduction of the 50k and 100k notes is directed to solving this liquidity problem, not by just injecting new cash into the market...so that they can draw out the 25k notes from people's mattresses. There is also a stated goal to have bills roughly equivalent to our $50 and $100 notes. If they are successful these new bills will draw out the 25k notes which will be destroyed... The result will be a reduction in the money supply back to 40 trillion dinars as the article states. This plan of introducing the larger notes has a goal of stopping the rise in the money supply...It is necessary because the people are not yet confident in using banks. [post 1 of 3....stay tuned]
8-24-2016 Intel Guru Bruce We certainly are ready for the possibility of this rolling out...We are at the point and I know we have said we are done. A four letter d word sometimes we really not wish to use. I think where we are right now the expression applies. WE know for example in Iraq maybe one other portion of the amnesty law that needs to be passed. I think it be done by Thursday. But it shouldn’t preclude this to go. We know they have operated the last several days under the amnesty law and the other law they just passed not too long ago. We are thinking that is in place and moving quickly, not slow us down. Confirmation Saturday Iraq lower denominations are out and in use in Iraq...the notes printed a long time ago, denominations below the 50 dinar note, 20, 10, 5 even coins. So if those are out, that is a very good sign everything is basically done in respect of Iraq. We are looking at 5 currencies in the first basket. Iraqi dinar, Dong, Zim, Rupiah, Afghani and 3 other baskets coming down the road. We are in good position to do exchange for those.
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8-23-2016 Newshound Guru Aggiedad77 Article: "Abadi: 2017 budget has reached its final stages" ...if they are indeed handing this over to Parliament... this is warp speed on steroids...the people deserve what is in this budget I believe...IMO.
8-23-2016 Intel Guru ADMINBILL (8:46PM MDT Monday Night) THE NEWS TONIGHT IS VERY ENCOURAGING. PREPARE YOURSELF AND YOUR FAMILY FOR A PROFOUND CHANGE.
8-23-2016 Intel/Newshound Guru Backdoc Article: "Iran to do away with two-tier exchange rate" TODAYS' EARLIER ARTICLE IMPLIES THAT SOMETHING MAY HAPPEN AS EARLY AS SUNDAY TO ALLOW THEIR CREDIT CARDS TO WORK....WE WILL SEE. CERTAINLY THIS IS ENCOURAGING FOR SURE AND IT MEANS ITS SHIA BROTHER [IRAQ] WILL NEED TO DO THE SAME SINCE THAT WAS PART OF "THE DEAL"! WHAT HAPPENS IN REALITY APPEARS CLOSE NONETHELESS! THIS IS VERY ENCOURAGING...! MAYBE THE AMNESTY LAW IN IRAQ MAY FINALLY GET DONE SOON!
8-23-2016 Newshound Guru Enorrste Money supply is increased or decreased through monetary actions of the CBI (changing reserve requirements, interest rates, etc.). The bills themselves do not raise the money supply. They are only carriers of the money supply. The quote above clearly states that the introduction of the large notes "is not added cash." What could be more clear than this statement? Simply put, you can't just "add cash" in any case: someone has to buy the large notes with smaller notes. It is at worst an even exchange. At best however, as the quote above clearly states, the smaller notes brought in through the even exchange are "withdrawn" by the CBI, thus either maintaining or LOWERING the money supply rather than increasing it. This is simple economics: the money supply doesn't change by printing notes! It changes by CBI actions in the monetary markets. The money itself is only a "carrier", not a vehicle of change upward in the supply. In fact, as the CBI burns old notes the money itself can ONLY reduce the money supply, and NEVER increase it. No one just prints notes and hands them out for free! [post 2 of 2]
8-23-2016 Newshound Guru Enorrste Article: "Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market" Kap's [Guru Kaperoni] quote of the following makes this perfectly clear: "The new offering is a partial solution to the problem of the Iraqi currency after the CBI dismissed an earlier decision to delete the three zeroes from the local currency and opted to balance the exchange rate of the dinar against foreign currencies in a basket. He states that the new category is not added cash, but rather will facilitate with withdrawal of less value categories and equivalent the size of the presented bank notes. The amount of the currency raised will be nearly 40 trillion dinars which will be at same time put small categories in process and prevent inflation." One doesn't just print 100000 dinar notes and then start passing them out to people. The notes are brought into circulation ONLY in exchange for other notes. There is no other way to introduce them, quite frankly. The increase of money supply has nothing to do with the notes themselves. [post 1 of 2....stay tuned]
8-23-2016 Newshound/Intel Guru BGG Article: "Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting" [So they did not vote on anything?] Relax... not the end of the world - no one ever said "if they vote on Tuesday - we'll have an RV...They are moving toward that at a fairly rapid pace... no need to be discouraged.
8-23-2016 Newshound Guru rcookie Article: "Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting" LOOKS LIKE AMNESTY VOTE PUSHED OFF THURSDAY 25TH...AFTER SHARP ALTERCATION BETWEEN RULE OF LAW AND CITIZEN BLOC OVER WITHDRAWAL OF CONFIDENCE FROM OBEIDI... SO...THE EVENTS IN PARLIAMENT TODAY...THERE WAS A PROPOSAL TO DELAY THE VOTE ON WITHDRAWAL OF CONFIDENCE FOR OBEIDI TODAY...WHICH THE HOUSE VOTED DOWN...AND AS A RESULT THOSE BLOCS WALKED OUT AND CREATED A LACK OF QUORUM NEEDED FOR THE VOTE ON THE OTHER LAWS THAT WERE CUED UP...
8-23-2016 Newshound Guru Kaperoni Article: "National Coalition calls for reforms in the Central Bank " Quote: "He stressed that the so-called auction currency is "non-existent in countries that rely economy" Allawi is right, that these auctions don't exist in countries with a market economy. That is because these other countries are not stuck in Article XIV trying to prove to the IMF they are ready for Article VIII. That is why Article XIV is called "transitional" as they are suppose to be working diligently on any and all restrictions that may exist so they can move to Article VIII. Allawi indirectly is trying to push the banking system forward with his comments asking for the auctions to end. The CBI has no choice, either get in compliance and succeed in opening the banking system or status quo which is depleting the reserves and keeping investors from coming Iraq. Changes must come soon.
8-23-2017 Newshound Guru Breitling I want to throw this out about the note count…these guys who are anti dinar and anti Vietnamese currency…on the Vietnamese currency they CORRECTLY said there’s too much currency in circulation. That’s true…that’s the whole point. That’s why we have to watch for them to reduce the note count. Now with the Iraqi Dinar it’s completely opposite. They are INCORRECT on reading the DM1 and DM2 interim report. They need to get out [of dinar] if they think there is that much currency out there…It just happens to be equivalent to the country’s reserves?…There is simply NO reason to reduce the note count if they’re gonna pretend that they’re going to take the zeros off it. …There’s no reason to reduce the note count if they’re NOT going to add value to it. Why would you do that? So that’s the game. If you see any country at all that mention or give out any information that says they’re reducing the note count…I’ll go buy the currency. doesn’t matter who it is…if they are reducing the note count go buy the currency cause you’re going to make money.
8-23-2016 Newshound Guru rcookie [are they voting on amnesty law tue 23 aug?] YES...AND THE DEBAATHIFICATION LAW AND A PLETHORA OF OTHERS ACCORDING TO THEIR AGENDA...
8-23-2016 Newshound Guru mike Article: "National Coalition calls for reforms in the Central Bank" Quote: "Talib national coalition led by Iyad Allawi, the need to reform the central bank's policy in the auction currency management and the dollar exchange rate in the market, expressing concern about the bank's insistence to continue this policy." Allawi's right, the auction's are riddled with corruption. Wouldn't it be something if the legislators in Iraq (that's you, Allawi) charged, prosecuted and imprisoned those who are stealing from the auctions? The IMF has already advised them to stay on the peg, without the legislation (think Allawi and the rest of the GOI) Iraq can't move to the open market economy and get rid of the auctions.
8-22-2016 Newshound Guru Kaperoni Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" the CBI has stated on at least a few occasions the intent of the 50k and 100k. We may not agree with it, but I don't think we should argue with that explanation...the purpose is to create demand for the dinar and raise nearly 40 trillion dinars. The 50k note which has been out for 6 months or more has not increased the money supply...compared to this time last year. In other words, the CBI is doing what it said they would be doing (2-25k=1-50k). ...I do not think this is bad news at all. In fact, this decision was made over a year ago and stated it was a step towards currency reform. So, in fact, if it is a step, we are progressing towards our goal. Don't lose site that currency reform means raising the value and removing the larger notes. This is a must for what Iraq needs to do moving forward.
8-22-2016 Intel Guru ADMINBILL IS THERE A LIGHT AT THE END OF THE TUNNEL FINALLY BREAKING THROUGH? I AM HOPEFUL WE WILL SEE MOVEMENT TODAY THAT WILL PROVIDE US WITH INFORMATION FROM OUR TRUSTED INFORMATION SOURCES. THE PAST WEEK HAS BEEN VOID OF SOLID INFORMATION. I AM REALISTIC ENOUGH TO KNOW THAT MAY NOT MEAN ANYTHING BUT DINARIAN ENOUGH TO HOPE THAT IT DOES BODE WELL FOR THIS MONTH OR THE FIRST PART OF SEPTEMBER.
8-22-2016 Intel/Newshound Guru Backdoc TOO MANY POSITIVE THINGS OCCURRING. I WISH I COULD SHARE CERTAIN THINGS BUT THEY ARE TOO SENSITIVE! ...WHEN THINGS ARE THE WORST THEY ARE THE BEST! REMEMBER MY STUDY WINDOW, SEPT. 2ND TO MID OCTOBER! VALUE IS LIKE WATER, IT WILL SEEK ITS LEVEL! THE RAIN IS ABOUT TO COME!
8-22-2016 Newshound Guru rcookie THEY TASKED THEMSELVES AT BEGINNING OF 2015 ...TO OVER THE COMING 24 MONTHS TO REDUCE THE AUCTIONS BY 75%...FROM JAN 1ST 2015 TO DEC 2015 THEY REDUCED BY 25%...FROM JAN 2016 TO JULY 2016 THEY REDUCED BY 24.9%...SO THEY HAVE ANOTHER 5 MONTHS AND ARE ON GOAL TO REACH THEIR 75% REDUCTION OVER 24 MONTHS...
8-22-2016 Newshound Guru Breitling …again to do that [add value to the Dong] the same exact scenario that any country would have to do if they want to add value to their currency…they’re going to have to reduce the note count…so there’s no difference between Vietnam, Iraq, United States, Russia…People are predicting that China is going to start sooner or later adding value to their currency…what’s that going to do is open up the door for Vietnam to add value because they can add value and compete against China at the same time….that’s where it’s coming from and again, you know the numbers are coming from the Vietnamese government…that hasn’t changed…what they need to compete on a global scale and to be able to have cheap labor and all that stuff they want to raise the value to about 2 or 3 cents…that’s it…that’s all they need. In fact if they raise it any higher than that it might ruin the formula that they have to compete in the region so they’re not going to go too high. [Post 2 of 2]
8-22-2016 Newshound/Intel Guru BGG [Tuesday looks like parliamentarian issues are over. Where do we turn our eyes to = next?] Not exactly - but moving more and more that direction... [Amnesty and J&A?] I just don't agree fully with the "all good - all done" mentality... getting MUCH closer - to be sure...AND it's not impossible these last few Parliament issues are on a separate track altogether...as in parallel and not interfering with one another... once the IMF and UN has whatever it is they are requiring (and there is something there) they make the next move (we are looking for) toward economic reform...BTW - currency reform is just one more step in the development of Iraq into a global trade partner they are looking for...which they very much appear to be on a fast-track towards.
8-22-2016 Newshound Guru Kaperoni Article: "Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market" Well, a 100,000 dinar note is going in the wrong direction in regards to opening the banking system for international commerce, freedom of movement of capital, achieving IMF Article VIII etc. and perpetuate a market economy. I believe this was discussed at the time of the release of the 50k and the CBI stated their was no need for the 100k. That being said, if the notes are issued and are meant to reduce the physical notes (4-25k for 1-100k), then it may help draw the dinar out from under the mattresses. This all seems a bit late, since time is not on their side for such a plan anymore. They need to open the banking system, reform the currency and value, and invite international investment and investors to Iraq now. Such a move IMO is risky and unnecessary at this time and would cause further delays.
8-22-2017 Newshound Guru Breitling …it’s not a prediction it’s what we are talking about in Vietnam itself…you know I would never just throw a number out there unless it’s something that the government has talked about or they proposed and they’ve always proposed they wanted to get it [dong] up to two cents…remember they are competing against China and geopolitics…that’s what creates the pace. At the time when Vietnam talked about that they actually wanted to add a little value to the currency, well because of other politics that were going on in the region, China decided to start devaluing it’s currency and so it forced Vietnam to shelf adding value to the currency. Well that’s off the table now…it’s not a prediction it’s what Vietnam wants…[Post 1 of 2 Stay tuned for the rest of the Dong story]
8-22-2016 Intel Guru ADMINBILL I'm awaiting some specific confirmations at this time. Until those confirmations arrive, I remain grounded and optimistic for a positive accomplishment report regarding specific events. That is yet to come. We're not quite there yet. I AM HOPING FOR GOOD NEWS BEFORE MONTH'S END.
8-22-2016 Newshound/Intel Guru BGG [In you opinion could this literally happen any at time as in today...or are there more benchmarks to look for such as lower denoms or critical dates?] here's my take...with the recent WB/IMF/UN oversight in Iraq - things are changing rapidly - security, political, economic - these things Maliki should have been working on 8 years ago - they are getting done NOW - at "warp speed"...today - tomorrow? I doubt it...soon? [ill take soon.] Not impossible - but the next however long looks VERY, VERY promising...
8-22-2016 Guest Guru EHankins THIS PAST WEEK AND TODAYS ARTICLES ARE A CLEAR AND PRECISE INDICATION OF ALL THE INFRASTRUCTURE GROWING AND EVEN BOOMING. AND COMMERCE AND TRADING ARTICLES SHOWING PICTURES OF HUGE SEMI-TRUCKS BACKED UP FOR FOR MILES WANTING TO UNLOAD ENDLESS SUPPLIES AND GOODS COMING ACROSS THE BORDER. THE BUILDINGS BEING BUILT LIKE AIRPORTS OPENING IN SEPTEMBER, APARTMENT COMPLEXES, SHOPPING MALLS AND OF COURSE HOMES BY THE THOUSANDS. IRAQ'S NEW GROWTH IN THEIR COMMUNITIES AND CITIES ARE BREATH TAKING AND STUNNING, TO SAY THE LEAST. IMO THIS IS WHAT WE WERE TOLD TWO WEEKS AGO TO PAY ATTENTION TO. IN FACT...THAT WE WOULD SEE IRAQ GROW ON STEROIDS IN THE NEAR FUTURE AND, HERE IT IS RIGHT BEFORE OUR EYES...BOOM!
8-22-2016 Newshound/Intel Guru BGG [It seems like so many things like Mosul , corruption , parliament , etc. are coming together ... many have said things.will happen all at once ... do you see this as a coincidence?] I do not see those items as coincidence... THESE ITEMS ARE THE STORY. IMHO. Not getting into date and rate here - I'm just saying - the progress is stunning AND... it surely leads to the step we are all interested in...the point of currency reform the includes a change in the value of the IQD...However, I make this point again...currency reform - value change...what we are after...is just one of the steps they will likely take in the whole process of economic reform and full reintegration with the world's financial systems...this whole process is playing out PLAINLY - before our VERY EYES...Things are VERY, VERY exciting lately.
8-21-2016 Intel Guru SteveI I think things are extremely positive...Now we watch Mosul return to being free followed by controlling the borders, then watch Iraq explode economically and globally. Sit back and let it come to you, and it surely will when they are ready. I think they are ready or almost ready. Remember, if I thought there was even a slight chance of this not happening I would simply...move on. Good times ahead!
8-21-2016 Newshound Guru mike Article: "Front reform: we will vote unanimously to dismiss Defense Minister Khaled al-Obeidi" Quote: "MP for the Reform Front, Mohammed Chihod, on Friday, that the Front will vote on the dismissal of Defense Minister Khaled al-Obeidi, a unanimous vote after no conviction Bojobth." For sure, there are two groups vying for control of Iraq right now, those who want to maintain the status quo and the other wants change. So far we're at a stalemate, especially now that Tariq Harb is saying Mahmood can't be forced out, but hopefully the good guys come out on top. The judiciary is going to be even more important pretty soon, the investigative teams and UN can find all the evidence against the corrupt but in the end, Iraq needs a functioning judiciary to charge, prosecute and imprison those who are guilty. Right now, with Mahmood in, they don't have that. IMO.
8-21-2016 Newshound Guru tlm724 Article: "we seek to secure financial alternatives for the sustainability of the services" yep...we don't want Iraq to get even a lil bit comfortable with oil prices inching up. They need a permanent contingency plan for now and the future to be able to generate income away from oil!
8-21-2016 Newshound Guru rcookie Article: "Iraq: 21 international investigators to examine the prime ministers of corruption files" Quote: "...the 21 international investigators will arrive in Baghdad at the end of this month to start an investigation into financial corruption files, based on a memorandum of understanding signed by the Iraqi government with the United Nations last week..." SO...ANYONE IN NEED OF ANSWERING THE SOMETIMES RHETORICAL QUESTION AS TO WHY MALIKI AND SOME OF THE WHALES RESPONSIBLE FOR SO MUCH THEFT...CORRUPTION AND DAMAGE TO IRAQ & ITS PEOPLE ARE STILL WALKING AROUND AND NOT YET BROUGHT TO JUSTICE....HERE IS YOUR ANSWER...JUSTICE SOON AWAITS...THE CHARGES AWAITING MALIKI ALONE ARE OVER 4 PAGES LONG... THIS IS HUGE...HUGE...ABADI IS A GENIUS...
8-21-2016 Intel Guru ADMINBILL HOPEFULLY THIS WEEK (STARTING TODAY) WILL BE AN INTERESTING TIME IN HISTORY. WITH THE FINANCIAL WORLD IN TURMOIL SOMETHING HAS TO GIVE SOON IMO. NOT THAT MANY DAYS LEFT IN AUGUST WITH A NEW FISCAL YEAR FAST APPROACHING...
8-21-2016 Newshound Guru rcookie [...I would think to pay foreign contractors their would need to be some sort of rate established.] THERE DOES...AND MORE IMPORTANTLY WHY THE IMF TASKED THEM TO OVERHAUL THEIR CREDIT REGISTRY AND RISK ASSESSMENT PROCESSES...NEED TO BE READY FOR THE INVESTMENT WHALES.
8-21-2016 Newshound Guru Kaperoni Article quote: "...the US panel competent to combat financial intelligence department personnel discovered 300 banking company and money transfer and 6 suspicious Iraqi banks operate offense laundering financial aid, noting that the committee has reached Baghdad..." IMO, time is of the essence to activate the banking system. That being said, this committee is there to clean up the mess so reforms can proceed.
8-21-2016 Newshound Guru Aggiedad77 Article: "Economic parliamentary: the decision to adopt $ 35 for a barrel of oil in the budget of 2016 is a given right" Quote: "...the government consulted with the International Monetary Fund and made a decision to reduce the price of oil per barrel in the 2016 budget from 45 to $ 35 for control of the state requirements, as the 2016 budget of 105 trillion dinars reduced to 90 trillion dinars to control the deficit." What I find encouraging about this article is the fact that they are seeking consultation from the IMF with what to do regarding their budget...lean on the knowledge of others who run far bigger entities in the world.
8-20-2016 Newshound Guru rcookie Article: "Parliament went to resolve points of contention in the Justice and Accountability Law Tuesday" A & J LAW VOTE ON TUESDAY [&] THE GENERAL AMNESTY LAW...LOOKS LIKE BOTH WILL BE VOTED ON TUESDAY THE 23RD..THE 2 BIGGEST LAWS OF NATIONAL UNITY & RECONCILIATION... 2 FOR THE PRICE OF 1 AND THEY ARE HUGE...VERY IMPORTANT.
8-20-2016 Newshound Guru rcookie ...IRAQ IS GOING TO HAVE AN INVESTMENT SERVICES COMPLEX TO ACCESS AND UNDERSTAND THE SERVICES OFFERED TO INVESTORS INCLUDING INTEGRATED SERVICES ACCESS TO GOV'T AGENCIES IN ONE PLACE...1 STOP SHOPPING AND INVESTOR SERVICES ACCESS!...THAT IS AWESOME!!
8-20-2016 Newshound Guru firefly Article quote: "He predicted the financial advisor to the Prime Minister that "the budget deficit in 2017 up to about $ 18 billion," stressing that "the budget was drawn according to what has been agreed upon with the International Monetary Fund." Now this is Saleh talking! Abadi's Financial advisor. This is worth repeating: "the budget was drawn according to what has been agreed upon with the International Monetary Fund." Remember, the IMF's role is preparations for countries through Article IV meetings. ...we are watching the play in the front row seats!
8-20-2016 Intel/Newshound Guru tman23 IMO...Ernest and Young are to be close to finishing setting up the 2 state banks near End of October... October is when the WB and IMF funds are scheduled to be released to Iraq... October is when we will see the liberation of Mosul... Basically...The CBI will have 60 days to the first of the year to introduce and educate citizens on the lower denoms... WE should begin to hear tons of chatter on the subject mid to late September.
8-20-2016 Newshound Guru rcookie ...THE REAL TELLING NUMBER IN THE RELEASED 2017 BUDGET DATA...FOR THE FIRST TIME THEIR GDP IS UNDER 90% OIL RELIANT REVENUES...THAT MEANS THEIR NON OIL REVENUE STREAMS LIKE CUSTOMS TARIFFS...ELECTRICITY & TELECOMMUNICATION TAXES...NATURAL GAS...LNG AND CONDENSATE AND OTHER EXPORT PRODUCTS ARE MAKING IRAQ LESS OIL RELIANT THAN THEY HAVE EVER BEEN...AND THE DIRECTION THE 3 LETTER AGENCIES WANT TO SEE THEM GO...
8-20-2016 Newshound/Intel Guru BGG [lots of news...just cant believe how much has been going on in Iraq!] I can't believe it either. In fact, one has to wonder when that "tipping point" is...when so much is done, so much is accomplished, their economy is in such a state the "grossly undervalued" price of the Dinar is doing them considerable economic harm...there was a time the currency imbalance worked for them - however, I think they are nearing this place where they would like it to be "upped"...The flip side of Iraq wanting their currency "upped" - is they aren't the ones with the ultimate say...which brings us back to the IMF/UN being in such critical advisory roles. Iraq's GOI has BEEN ON FIRE to get their democracy righted since January... what changed? IMF/UN oversight... there has to be some carrot...
8-20-2016 Intel Guru ADMINBILL ANOTHER WEEKEND IS UPON US IN DINARVILLE. SEVERAL SAYING THIS COULD BE THE WEEKEND WHILE OTHERS SAY IT WON'T HAPPEN UNTIL OCTOBER. THE POINT IS WE JUST DO NOT KNOW THE DATE OR RATE AND WON'T UNTIL THE DEED IS DONE. I SAW AN ARTICLE...CLAIMING THERE ARE NO EXCHANGE CENTERS. NOT SURE IF THAT IS TRUE BUT BASED UPON ALL THAT I HAVE HEARD THERE ARE EXCHANGE CENTERS. ARE THERE 7,000? WHO KNOWS. MOST OF THOSE KIND OF QUESTIONS WILL NOT BE ANSWERED UNTIL THE RV HAS FINALLY PUSHED ITSELF TO COMPLETION.
8-19-2016 Newshound Guru Bondlady Article: "Iraqi legislature overlooked the seriousness of Article 140 of the Constitution" barzani is forcing article 140 to be settled...this will eventually (in the near future) divide Iraq. back in the day and now as well, I always believed that for us to see our rv or return of our investment, we needed to see art 140, hcl, power to the provinces, making there own contracts and money without bagdad interfering...ch 7, the terrorist law, (amnesty law) etc..most of these things are now being done laws are being passed to insure these things...getting rid of dash is the beginning of art 140 being resolved cause barzani is forcing the issue with the backing of the pershmerga army...they are leaving kurd army in place to protect it so dash or bagdad wont have to...plus I don't think there gonna give up the land, they believe saddam stole from them. its getting a lot worse before it gets better, and is happening very quickly, were about to see all the things weve waited for all these years to come about...all imo.
8-19-2016 Intel Guru Frank26 the Financial Committee met two days ago with the CBI...It is important...that you understand that this meeting...IOO was...the very first time...the Finance Committee actually met with the CBI...and they talked about the IQD...their currency...their currency’s true rate...and about the exchange rate about their currency... Abadi said the new budget is going to reflect the lifting of the 000’s from our exchange rate. ...so...are you guys done? ...CBI...we’ve been ready for a long time...we’ve been waiting for security...we’ve been waiting for terrorism to go away...we’ve been waiting for corruption to go away within us and the GOI...I think we are ready...Dr. Shabibi said that the next budget will reflect the new numbers of these meetings....I don’t know what the rate will be...I don’t even know when they are going to do this...but I do know that these are the things they are saying to us. [post 3 of 3]
8-19-2016 Intel Guru Frank26 Abadi has removed many corrupt ministers... with the help of these agencies...and in fact just recently he replaced five of them and there are more to come...some of them are called technocrats...wiser... smarter people...more honest people that actually want to do something for...Iraq. Allak has been holding the proxy position as the governor of the Central Bank of Iraq...and...Abadi and Dr. Shabibi IMO...were busy selecting the governor of the CBI...besides the ministers...the proxy governor of the CBI is about to be replaced...IMO Allak’s replacement is already on the plane. [post 2 of 3....stay tuned]
8-19-2016 Intel Guru Frank26 Mosul is what we look at right now...through the eyes of the United Nations, the WTO, and the United States of America...The IMF suggested to the country of Iraq that you should float your currency...and that you should enter the international world in the first half of the year and we will take you there in 2016...and that you should remove corruption from the CBI and the GOI…and the UN and the coalition forces will help you remove the corruption of ISIS and DAASH in your country. As we sit on top of a very big mountain right now and look down upon the scenery below us...we see these things accomplished...and as we get closer and closer we are seeing that many things are accomplished. [post 1 of 3....stay tuned]
8-19-2016 Intel Guru Jester ...THERE IS NO RESET SWITCH... I HAVE ALWAYS SAID...THAT THIS IS A PROCESS... A PLANNED EVENT OVER TIME THAT THEY WILL ATTEMPT TO DO SO NO ONE WILL NOTICE...WE DO NOT HAVE ANY REAL INFORMATION AS TO HOW FAR ANY GIVEN COUNTRY WILL BE ADJUSTED...NO ONE KNOWS THE ANSWER TO THAT BUT THE ONES IN CHARGE OF THE ASSET BACKED FORMULAS...SO ALL WE CAN DO IS SEE THAT IT IS HAPPENING...
8-19-2016 Newshound Guru mike ...they'll get this open market economy up and running and the country will prosper or they won't and in a short time they won't be able to make payroll for the 4 million plus state employees and then all hell is going to break loose. They say necessity is the mother of all inventions and I'm hoping this applies to Iraq as well. Iraq needs to course correct in a big way for it's own political and sovereign survival. The investment is still a good one...even if the currency goes to a quarter it's still a 25,000% increase in your investment... All we're waiting for is the political will for real change...IMO. [post 2 of 2]
8-19-2016 Newshound Guru mike Until Iraq develops the political will for change, things will be the same two years from now as well...here's the thing, they can't afford to continue the way they've always done things. The financial crutch and foundation for this corrupt nation has all but evaporated. Oil will not save the day for Iraq and it's corrupt leadership anymore. The reserves, or the nation's safety net, is eroding at an alarming rate and in a short time there won't be enough money to borrow to keep this country afloat. Two things will happen in Iraq... [post 1 of 2....stay tuned]
8-19-2016 Intel Guru Bruce ...we talked about the Amnesty Law having been passed and gone through and been put into the Gazette? Evidently there’s five parts to that Amnesty Law. Three ...of the parts have been passed and gone through and are in the Gazette. There may be two more aspects to it that might...go through the weekend. We don’t believe that these two aspects of the Amnesty Law...will hold anything up or is something that we’re waiting to have happen. I will say this, looking at this thing from my perspective; it appears we are coming down to the wire. It appears this is to go between now and the weekend. I’m not going to name dates. I’m not going to name days. I’m excited about how close we are.
8-19-2016 Newshound Guru wmawhite Article "Iraq is Back in Business, According to Wyndham Group" Quote: "...the Wyndham Hotel Group will be building two new hotels in Najaf before 2018, a secure southern town that sees huge influxes of religious pilgrims." do you think that they just thought of this today? Really...they have been looking at these projects for YEARS!
8-19-2016 Newshound Guru rcookie Article: "Anbar governor reveals an agreement to build a modern, commercial city in Habbaniyah" ANOTHER CITY...THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA. THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ'S ECONOMIC PRESENT & FUTURE...JUST TRY AND GRASP THE SCOPE AND MAGNITUDE OF THIS PROJECT...THE LARGEST DEVELOPMENT PROJECT IN ALL OF IRAQ. TO BUILD A MODERN COMMERCIAL CITY OVER 10 YEARS STARTING 2017 SPANNING 40 MILLION SQUARE METERS (15.5 SQ MILES)...15.5 SQUARE MILES WORTH OF DEVELOPMENT SPACE...ANYONE HERE UNDER THE IMPRESSION THE INTERNATIONAL INVESTMENT COMMUNITY LACKS CONFIDENCE IN IRAQ AND ITS INSTITUTIONAL STABILITY...NOT! ...AND THE FACILITATORS OF THIS ANBAR PROJECT ARE THE UNITED STATES AND SOUTH KOREA...
8-18-2016 Newshound Guru firefly Article: "Presented Finance Minister Hoshyar Zebari, a draft 2017 budget law to the Council of Ministers." Now this is interesting, wonder when the deadline is to approve it? And why talk about it in August! Why would they want it completed in Sept? The numbers are mind boggling. Follow the money folks!
8-18-2016 Newshound Guru rcookie Article quote: "Amnesty bill does not reveal a clear philosophy in dealing with the crimes covered by the amnesty, and the crimes are excluded from it." THIS PIECE GIVES YOU EVERYTHING ABOUT AMNESTY LAW BACKGROUND HISTORY UP TO TODAY THAT YOU COULD ASK FOR...THIS IS AN EXCEPTIONALLY COMPLEX LAW...WITH FAR REACHING CONSEQUENCES THAT WILL IMPACT THEIR SOCIETY FOR A LONG TIME...FROM TORTURE...TO TERRORISM...TO FAKE DIPLOMAS & COUNTERFEITING...THE APPEAL PROCESS AND IMMUNITY... AND CAN OBVIOUSLY SEE WHY IT HAS TAKEN SO MUCH TIME AND ELICITS SUCH DEBATE FROM SO MANY ANGLES... BIG...BIG...ISSUES ...THEY ONLY HAVE ONE SHOT AT IT...
8-18-2016 Intel Guru Frank26 [Last week you stated the fiscal year for Iraq is October to September, but...you changed that to say Iraq's fiscal year has always been January to December. So has the time frame now changed from September/October to December, 2016 or even possibly the beginning of 2017...Would you mind clarifying this?] Said does NOT have to be that long...Said they are way ahead of schedule...Said all of M. E. is always on a Financial Year...Said all has to happen BEFORE they enter 2017...They will launch their 2017 Budget on 1/1/17 as they and the ME ALWAYS DO...As the 2017 Budget comes to life with a new rate in September of 2016...IMO.
8-18-2016 Newshound Guru rcookie Article: "Ministry of Finance: the adoption and the wills of oil by 90% in 2017 budget" Quote: "The Ministry of Finance next month of September, the date for the completion of the state budget for the year 2017..." ...SO IN ATTACKING THE FORMATION OF THE 2017 BUDGET...ZEBARI ANNOUNCES THAT IRAQ BUDGET 2017 DEPENDS ON OIL SALES BY LESS THAN 90% FOR THE 1ST TIME IN SEVERAL DECADES...AND WILL BE COMPLETED BY END OF SEPTEMBER. THEY HAVE CHANGED THE IMPETUS OF THEIR ECONOMY...AND WILL ONLY CONTINUE TO IMPROVE & PROSPER...AND OBVIOUSLY EARNED THE RESPECT...CONFIDENCE AND STABILIZATION THE 3 LETTER AGENCIES ARE FORECASTING RELEVANT TO THE STRONG GROWTH IN GDP AND FOREIGN DIRECT INVESTMENT NUMBERS...TALK ABOUT PROGRESS IN THE RIGHT DIRECTION...
8-18-2016 Intel Guru ADMINBILL WHAT NEWS I HAVE RECEIVED IS GOOD. EVEN THE POSTS FROM [GURU] FRANK, [GURU] DELTA AND OTHERS POINT TO GOOD THINGS HAPPENING. CONTINUE TO BE DILIGENT AS WE NEAR THE RELEASE...
8-18-2016 Newshound Guru wmawhite Remember, the size of the notes in a marketplace is reflective of the price of goods in the marketplace. In order for the lower denominated notes to be used in the marketplace is for the prices to have decreased enough for them to be used. With Iraq still importing 85% of its goods, those prices in the marketplace will lower once the value of the currency buying them increases in value significantly. Those goods are imported today with the USD. Those prices will not be brought down in price importing them with a currency less valuable than a dollar.
8-18-2016 Newshound Guru Adam Montana [If we would see a RV in October 2016, do you believe it would be at the once mentioned rate of .10 cents.] Depends on oil prices. If it starts spiking, which is very possible, then yes I think 10 pennies or even higher. If oil is hovering around $50, but we see the HCL, then I'd look for 5-10 cents.
8-18-2016 Newshound Guru rcookie Article: "Iraqi delegation in Cairo to take advantage of the experience of the Egyptian Investment Authority" ADDING 488 IRAQIS HAVE BEEN TRAINED IN THE PROGRAM IN THE INVESTMENT... INSURANCE... STOCK EXCHANGE...AND CAPITAL MARKET AREAS AND GREETED BY THE 18 MEMBER IRAQI DELEGATION OF GOV'T AGENCIES & NATIONAL COMMISSION FOR IRAQI INVESTMENT... AND NOTES IRAQ IS RANKED 25TH IN COUNTRIES INVESTED IN EGYPT... COMPRISED OF 3324 COMPANIES WORTH 492 MILLION AND OVER 4000 EMPLOYEES IN ALL SECTORS... WOW!! WHO IS THE MOST INTERESTED IN SETTLING OF DISPUTES BETWEEN BUSINESSES AND COUNTRIES... HANDLING TRADE DISPUTES BETWEEN PARTIES AND NATIONS... IT IS 1 OF THE FINAL STEPS FOR WTO ACCESSION.
8-18-2016 Newshound Guru Adam Montana [do you think that there is any chance that once the RV is started that they will try to "cheat us" out of a fair share of the RV?] Nope. I understand your concern and where you are coming from, but it would be "RV Suicide" to try to steal from those that they need to support them. Basically, you're alluding to an "in country" RV. I don't have any fears of that happening.
8-17-2016 Newshound Guru Breitling ...They’ve kind of accelerated what it is they want to do. That’s why you’re seeing a lot of articles coming out talking about retiring notes and stuff like that. It’s not the CBI itself. Remember how I follow the laws of Iraq. It’s the parliament, the ministry of Planning, the ministry of Finance and then the CBI…if you have those 4 talking about it in THAT order then it means something. What are the numbers. Who’s passing the law…that’s what I want to know. The CBI said they were going to add value to the currency. The ministry of planning said they were going to add value to their currency. The minister of Finance said we are going to add value to the currency. Parliament said we are going to add value to the currency. The IMF is on board so Iraq can add value to their currency…If you don’t understand this part of it, it’s tough to follow. How do you do it? The numbers are there. It’s not an opinion. [Post 2 of 2]
8-17-2016 Newshound Guru rcookie Article: "Parliamentary legal reaffirms resolve disputes about the amnesty law and vote next Tuesday" DEADLINE OF NEXT TUESDAY TO VOTE...AND CONFIRMATION THAT ALL DISPUTES ABOUT THE AMNESTY LAW HAD BEEN SETTLED...
8-17-2016 Intel Guru Delta CBI SITE TENDER 08/17/2016. ASKING COMPANIES TO PROVIDE THEIR TENDER FOR COUNTING AND SORTING MACHINES FOR LOCAL AND FOREIGN CURRENCY. 09/18/2016 IS THE LAST DAY TO SUBMIT THE TENDER.
8-17-2016 Newshound Guru mike I think Iraq's reserves are around $50 billion, M0 money supply is at least 30 trillion dinars and when you add in the ISX and other things, the M0 is roughly 60 trillion dinars, or a ballpark of 30-60 billion dollars worth of dinar at the 1182 rate. But what happens if you raise the rate to say 0.10? Now, that same 30 trillion dinar is worth $3 trillion dollars, that's nowhere close to 150% coverage of the curency in reserves. I'm all for the float but hopefully Iraq will get the currency into Article VIII first. [post 2 of 2]
8-17-2016 Newshound Guru mike Article quote: "The float of the dinar that reduces pressure on the central bank in relation to the size of the foreign currency reserves..." For me, the float is a great idea, after they've moved to Article VIII. There won't be any demand for the dinar until it's internationally recognized and accepted. ...just look at the street rate vs official rate as it stands today, there's a 9% spread. Once Iraqi's can buy Turkish tomatoes with the dinar, demand will increase. There are many in the GOI who are all for the float today because they know it will probably drop to somewhere between 1400 and 1500-$1 and it will result in lower costs for payroll etc. [post 1 of 2....stay tuned]
8-17-2016 Intel Guru ADMINBILL NO RV YET... ONE DAY SOON WE WILL BE REJOICING. WHEN? I AM NOT SURE. IT HAS BEEN SO QUIET YOU CAN HEAR A PIN DROP. MY CONTACTS ARE VERY OPTIMISTIC BUT THEIR SOURCES HAVE GONE SILENT WHICH MEANS THEY BELIEVE WE ARE CLOSER THAN CLOSE.
8-17-2016 Intel Guru Frank26 Quote: ”The GOI Signs on Thursday a Memorandum of Understanding with the United Nations that Requires the Involvement of International Investigators in the Files of the Grounds of Corruption” the UN is there with...handcuffs...to a degree…The UN is going in to...to remove the corruption...We are waiting…and watching for the UN to be successful in what they are doing…me and my TEAMS only care about the UN, the WTO, the IMF and the USA right now...Monetary Reform is out right now in front of our eyes...even before they release Mosul to you as liberated...they have already passed all the laws for the Monetary Reform...once they give you Mosul...what did we tell you...IMO the Monetary Reform will come at you with the speed of light.
8-17-2016 Newshound Guru Breitling …Iraq has been hit because of the oil prices that went down. It messed everybody up…it really did. but in the end what’s the answer? What’s on the table? Banks are having problems getting people cash. And then you have people out there say they have too much dinar out there so it’s not going to revalue. how does that work? doesn’t make any sense does it? Not only that but you have two reports that came out talking about one at 6 billion notes and one at 4 billion notes. [See Bretling Post from 8-16-2016] …Yeah let’s say it’s true…they have 53 trillion dinar…then yeah it’s not going to revalue. but it’s up to you. I’m not going to convince anyone of anything, it’s not my job. I know exactly what’s going on. I know exactly what the numbers are. And they’ve reduced it since the 4 billion note count. How long ago? I don’t know. I know what’s coming down the road….what’s going on in Iraq is pretty shocking. [Post 1 of 2 stay tuned for the rest of the story]
8-17-2016 Newshound Guru rcookie Article quote: "Ahmed Abd Rabou opened the Commerce Department a new center for Supply in the city of Ramadi..." ...HERE COMMERCE MINISTRY IS ANNOUNCING OPENING OF NEW SUPPLY TRADE CENTER IN RAMADI AFTER ACHIEVING REQUIRED STABILITY IN RECORD TIME...TO SAY THAT ABADI AND HIS NEW CABINET MINISTERS SWORN IN YESTERDAY HAD A HUGE DAY TODAY...BIG UNDERSTATEMENT...
8-17-2016 Newshound Guru mike Article quote: "...the lack of confidence of citizens in banks behind it are many reasons, such as lack the Iraqi government keeping its commitments to the private sector..." Literally, for years, we've read about the banks not being up to snuff, corruption and the governments lack of support for the open market economy. Statistically speaking, they can't maintain this kind of failure and ineffectiveness forever, can they?
8-17-2016 Newshound Guru Kaperoni Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" Don't confuse "fiscal policy" with "monetary policy" Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply. [reference Guru mike post 8-16-2016]
8-17-2016 Intel Guru Frank26 Quote: ”The Duties of the WTO Task Force is to Reduce the Difference of the Value of the IQD to the USD and Activating Iraq’s Private Sector” ...the WTO is telling you they have a task force in Iraq and we are doing our best to close the gap between the IQD and the USD...by raising the value...The WTO is now in position to welcome them...how will you know when Iraq is international...the moment the WTO tells you they have accepted them as members...the international status of Iraq is eager to introduce their currency...not at a program rate.
8-16-2016 Newshound Guru Breitling They [People who feel there is trillions of dinar out there] look at the CBI and they’ll look at the reports coming in and it says in their reserve they have 53 Trillion dinar or 61 trillion…at one time it was 81 trillion and then it went down. People don’t understand it’s all the assets combined…it’s gold, it’s oil, it’s the reserve, it’s not the country’s note count. There are 2 reports that come out…one report said they had 6 billion notes and how much dinar that represented…I’ve talked about this for years. Then the next report came out and it said it was down to 4 billion notes but it never came out with how much that 4 billion represented. People would get the countries note count mixed up with the countries overall value. [Part 2 of 2]
8-16-2016 Newshound Guru rcookie Article: "Basra calling for the rehabilitation of border outlets being an important economic resource" ...WHERE AT ONE TIME THE CUSTOMS TARIFFS INCREASES TO BE IMPOSED AT BORDER POINT WERE MAJOR OBSTACLE AND SOURCE OF CONTENTION IN THESE BORDER CROSSING AREAS...THE SUCCESS OF THE REVENUE STREAMS TO THE COUNTRY AND PROVINCIAL SHARE OF THE REVENUES HAVE THESE AREAS TRIPPING OVER THEMSELVES TO GET ENGAGED...WHAT A DIFFERENCE A YEAR MAKES.
8-16-2016 Newshound Guru Breitling Article “Dozens demonstrate in front of the family bank in central Baghdad to demand their money...” People don’t realize this but this has been going on at more than one bank. The thing is the banks are not releasing cash to the citizens. And that’s strange since there are misunderstandings out there of how much dinar is out there. With all that dinar out there [Said sarcastically]. There’s a shortage of getting citizens their money? That worthless dinar? How does that happen? Strange circumstances don’t you think? With trillions and trillions of dinar out there…and that’s the accusation that’s out there…why would they have problems giving cash to people on the streets? [If there was trillions of dinar] It doesn’t exist. …it’s not a nation wide thing but it keeps happening over and over again. So again, my question is…With all these trillions of dinars? …It’s the note count and it’s something that’s not talked about…[Part 1 of 2]
8-16-2016 Intel/Newshound Guru Mnt Goat By the time the new RV happens they want to have as much of the 3 zero notes already exchanged in Iraq as possible. The e-dinar implementation will also help too since I believe this is why they will use the e-dinar for months to pay people instead of hard currency. (from Sept 1st 2016 thru Jan 1st 2017)... This will not put any more new currency back into circulation and thus limit the possibility of 3 zero notes later. So they needed all this time to clean up the financial and banking system. Remember the IMF came into being a major player in the process in Oct 2015... This new 5.4 billion loan is bait...bating Iraq to go alone with the needed reforms. Also they do not want to give them this aid unless they can pay it back and the reforms are their assurance. They are supposed to get another 2 billion of the loan by the end of the year. Do you now see just how close we are to the RV? We are approaching an RV window...The window is Sept 1st 2016 thru Jan 1st 2017...its coming...at least they will attempt it one more time. [post 3 of 3]
8-16-2016 Intel/Newshound Guru Mnt Goat For instance 4 of the $25,000k notes today is worth $100 dollars. Then they launch the lower denoms. The new $100 notes will be worth $100 dollars. Easy one note instead of four notes. No value change yet. But when they go to the bank to dump (exchange) their cumbersome, extra large 3 zero notes it will be a 1:1. They will turn in 4 of the $25,000 notes for one $100 new notes. Value stays exactly the same. So citizens in Iraq will have the exact same purchasing power only they won't have to carry wads of these 3 zero notes of to purchase. Note they did not say 1:1 with the USD they simply said 1:1 with the old currency to the new currency value. When do we make our millions then? This is step #2: The process calls for bringing the dinar back to the true value pre-war years. This is the bonus for us, this is the RV. But this new rate will not have any effect on the Iraqi citizen... ...the exchange rate we keep hearing about of $3.22 - $4.20 is for the USA value in dollars...our $25,000 dinar notes get exchanged to dollars. So at an RV of $3.00 we would get $75,000 for our $25,000 note. [post 2 of 3....stay tuned]
8-16-2016 Intel/Newshound Guru Mnt Goat Remember this RV is going to be a two stage process. First they must launch the lower denominations at a 1:1 and then later comes the RV with an increase in value. The new value will coincide with the post war value plus equity. Article: "Economists divided over deletion of zeros on Iraqi dinar" This is an amazing article... This article confirms that the RV is a two step process. The First step: Quote: "that the step to delete zeros is merely an administrative process, and the currency equation should remain the same. This means that the purchasing power of the new currency should be equal to that of the old currency. He added that the two currencies should both remain in the market for a period not exceeding three years, then the old currency should be gradually withdrawn". So how do they get the old currency to equal the new currency value from an RV we all keep hearing about? [post 1 of 3....stay tuned]
8-16-2016 Newshound/Intel Guru BGG [...2017 BUDGET WILL BE $82 BILLION AND BASED ON $40 PER BARREL...] I haven't looked at any recent budget numbers - but doesn't that leave them pretty short still? On the other hand, if oil spikes - which it always does - they will be in really good shape...in fact, REALLY good shape.
8-16-2016 Newshound Guru mike To me, fisal policy = legislation. I don't think you'll find concrete evidence that he's wrong, just the absence of the legislation that's necessary for economic/monetary reform. I think we're hearing a lot of discussion from the economists, IMF and even the CBI, but precious little from the government itself. I think they're begrudgingly following the guidelines the IMF set up so they can have access to the loans, but I would agree with Keywords, they don't have a long term plan. Hopefully I'm way off base and 2017 is the year... [post 2 of 2]
8-16-2016 Newshound Guru mike Article: "Keywords acknowledges the absence of fiscal policy and accuses the institutions working for political interests Baaaguetha" I'm puzzled as to why Keyword's would put these kinds of statements out today when there's supposed to be a plan to move this country forward economically and monetarily. We keep hearing about a plan and yet Keywords is telling us there isn't one. I guess time will tell, they told us Iraq would be part of the worlds economy by mid 2016 and now they've moved it to 2017, here's hoping that is still the plan. [post 1 of 2....stay tuned]