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4-18-2014 Newshound Guru Millionday Article quote: "MP for the coalition of state law Salman al-Moussawi, on Thursday, for the coalition to reach agreement with the Kurds on the Law of the federal budget, And while noting that the position of the last change at the last minute, said that the law will pass in spite of political differences." [But we don't know when?] ...we do know they said they would have an emergency vote right away...this is one of the reports -- lets make sure before we bring out the party hats.
4-18-2014 Newshound/Intel Guru BGG It is my opinion - most of this back and forth over the budget is really a big "blame game" between the parties ahead of these elections. Maliki got some traction with it early - yet his opponents appear to be using his own weapon against him and it looks like he'll try and ride this "budget train" into Apr 30th.
4-18-2014 Newshound Guru Chattels [new guru] Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise.
4-18-2014 Newshound Guru Kaperoni Article: "Central Bank: 70 trillion dinar bank deposits" This is a huge article...think about it...if the CBI's plan was to reduce the money supply they are announcing today that 70 trillion dinar sits in banks. The choice will be..loan it out or reform the currency and raise the value of the dinar. Now is the time with all this dinar out of circulation.
4-18-2014 Newshound Guru wmawhite I too bought the Dong...however, I do not believe that the VND will RV...because, Viet Nam, just like China must export large quantities to fuel their economies. In order to keep their products cheap their currency must be kept LOOOOOW. Again, Viet Nam is very similar to China. It products and export alot, IMO.
4-18-2014 Intel Guru Winalot this is from a currency dealer in Yemen...they are always accurate: "Exchange Rates Today in Iraq against the Iraqi dinar from the Iraqi Central Bank: U.S. dollars Buy - 6.9806 Sale - 7.0143." funny thing...there are several sites overseas that i check rates at...all have taken down their exchange rates, or removed the IQD. also...seems that there are 2 iraqi parliament sites!
4-18-2014 Intel Guru TerryK Talked to UST contact this afternoon everything is looking great for this week. They did tell me that the holdup is Obama he is not wanting the masses to benefit from this blessing because of what it represents. I did also here that he is purposing that the rate come out below the $3.42 and then let it rise from there. I don't know if that is true or not. So the UST is telling me that it is still in good position for it to come out tomorrow [Friday]. I know that tomorrow is Friday but we will see what happens. That is the best news I have for today.
4-18-2014 Intel/Newshound Guru Poppy3 THIS NOTICE...RECEIVED FROM VERY GOOD FRIEND--directly from Iraqi > Iraq moved to 'caretaker' government from today until after the elections. He feels nothing of importance will happen until GOI returns. However CBI can still do it if they want but he says very unlikely in his opinion. LIKE I HAVE SAID MANY TIMES, EVERYONE HAS AN OPINION AND ONLY TIME WILL TELL THE FACTS. HOWEVER MEMBERS OF FINANCE COMMITTEE AND PARLIAMENT AND GOI LEADERS HAVE SAID THE CBI NEEDS TO RV PRIOR TO THE ELECTIONS.
4-18-2014 Intel Guru Mnt Goat So this news today from Iraq is very special since it coincides with what we are now hearing from the IMF on progress made at the meeting this past week in DC. I am now hearing they have a target end date of April 30 to complete the current phase of the global reset process. They can now move forward. The stalemate between the IMF and the USA is over! We are so close to the final activation of these currency rate changes at the banks I can hardly stand the excitement. I have watched the contact in the IMF now (once again) notify Iraq that these changes were about to be effective and that their currency was about to go international. The RV train is moving once again. [post 3 of 3]
4-18-2014 Intel Guru Mnt Goat Significant Recent Events: First I have found out the USA and the IMF have reached a mutual decision on how to handle these reforms, in particular the voting rights issues...I have been assured the issue is no longer a problem for the process to move forward. Secondly, another reason for the delay has been the release of the new UST notes to the general public in USA. These notes are now sitting in the USA banks ready to be disseminated. The plan is now to carryout the original plan with minor change and will more forward. Thirdly I have been told today also the Iraq GOI has reached an agreement with the Kurds on the budget. [post 2 of 3....stay tuned]
4-18-2014 Intel Guru Mnt Goat I...just got off the phone with my IMF contact. Today is early Friday morning and the news could not get any better. Let me first remind you...that the passing of the Iraq 2014 budget is dependent on the IQD currency revaluation announcement and not the other way around. In other words watch for the GCR and you will then see the announcement of passing or the high likelihood of the Iraq budget passing in the near future. The two would coincide nicely. Watch for one and you would see the other. [post 1 of 3....stay tuned]
4-18-2014 Newshound Guru wmawhite IMO, the statement by the MoF last year that the IQD will experience a dramatic change in value prior to June 2014 and the expiration of EO 13303 on 22 May 2014 has alot to do with the IQD than many realize. ...even with the stalemate in Erbil and the hold up with the budget...the CBI has been lights out...speeding forward. They wait on no one. [post 2 of 2]
4-18-2014 Newshound Guru wmawhite When the time is right the CBI in conjunction with the IMF and WB will change the status of the IQD. They will not wait on anyone or anything IF the time is right. [no way was M [Maliki] going to gain politically from this event.] concur...M [Maliki] is old news. remember, it could take many months before the new government is formed. However, IMO, if the time is right, the CBI will move forward with the IQD. [post 1 of 2....stay tuned]
Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
4-17-2014 Intel Guru Winalot JUST GOT A CALL... INTEL...SUPPOSED TO BE TONIGHT...WE WILL SEE.
4-17-2014 Intel Guru Okie_Oil_Man THE DELAY PARTIALLY HAS BEEN THE RELUCTANCE OF THE USA GIVING UP IT'S VETO POWER REGARDING IMF MANDATES AND RULES. I HAVE FOUND OUT ONLY LAST NIGHT THE USA AND THE IMF HAS REACHED AN AMICABLE DECISION. WE ARE SITTING IN THE ABSOLUTELY BEST PLACE WE COULD EVER IMAGINE HAVING BEEN IN. I HAVE GIVEN YOU ONLY A BRIEF TID-BIT OF WHAT THE DELAY HAS BEEN THAT HAS NOW BEEN SETTLED. WE ARE READY FINALLY... [post 2 of 2]
4-17-2014 Intel Guru Okie_Oil_Man THE DELAY HAS ABSOLUTELY NO RELEVANCE TO IRAQ AND WHAT IS GOING ON IN REGARDS TO THEIR POLITICAL SYSTEM OF THE ELECTIONS OR THEIR PASSING OF NECESSARY LAWS-ETC-ETC-ETC. WHAT HAS BEEN THE RESTRICTING FACTOR IN ESSENCE IS MORE ON A GLOBAL NATURE RATHER THAN THE COUNTRY THE GCR IS SUPPOSED CONNECTED TOO. [post 1 of 2....stay tuned]
4-17-2014 Intel/Newshound Guru Poppy3 THE SURVEY AT THIS POINT IS ABOUT 50/50 THAT THE RV WILL GET DONE PRIOR TO THE ELECTIONS...AND SOME THINK JUST AFTER AND BEFORE JUNE 1 BUT I AM HOLDING STEADY THAT THE POSSIBILITIES OF IT TAKING PLACE BEFORE THE END OF THE MONTH.
4-17-2014 Newshound Guru Shredd Article: "Iraq looking customs tariffs applied to complete its accession to the World Trade Organization" Quote: "The statement added: During the meeting, discuss the issue of customs tariffs in preparation for the third round of negotiations and finalists take Iraq in order to complete its accession to the World Trade Organization." If tariffs are all that remains for membership, we may be closer than I thought.
4-17-2014 Newshound Guru Millionday The trading relationship between two countries plays a major role in determining the exchange rate between their two currencies. These factors include: inflation, interest rates, current account deficits, public debt, terms of trade and political stability. so if we look at these things >>> inflation, interest rates, current account deficits, public debt, terms of trade and political stability...they have low inflation and low debt and they have great terms of trade. [It appears we are almost there...] it seems very close and very encouraging. [post 2 of 2]
4-17-2014 Newshound Guru Millionday cbi has the right to set the reality rate and it will be whatever the calculations say...how it's done: The value of a currency is measured by its value relative to other currencies, which is determined by supply and demand. “Demand” in this sense is actually understood as “velocity”, meaning the amount and number of times a particular country’s currency notes circulate within a set period of time. The faster a currency circulates, the more valuable it is perceived due to verified consumer confidence. [post 1 of 2....stay tuned]
4-17-2014 Newshound Guru Adam Montana [What have your sources stated about the budget and HCL?] I'm looking for HCL movement shortly after Maliki is re-elected, and the budget is irrelevant. The current budget is based on the current situation, and when that changes... so will the budget. [After reading many articles on HCL and Budget it looks like no agreement may not be made until 2015 - My question is if Iraq and Kurds to not come to agreement on HCL and Budget being pass for 2014 do you think it's still possible for RV in 2014? I hope that I am wrong but not seeing any GREAT signs that RV will happen this year.] I don't see an RV without progress on the HCL. Whether that will happen in 2014 or not remains to be seen... I believe it is definitely possible.
4-17-2014 Newshound Guru Stryker Article: "KRG propose a compromise to resolve the dispute <<oil>> with Bagdad" Quote: "Baghdad to form a technical committee of neutral experts assume the verification process of the potential of each province or territory producer of oil on the quantity that can be exported from the production and not only because the production is export" HCL? I think so! Not just an agreement between the Kurds and the Federal Government of Iraq but an agreement to pass an Oil & Gas Law once for all. This is great news and something I've been expecting was going on behind the scenes, time will tell if I'm right.
4-17-2014 Newshound Guru Millionday Article quote: "solution in the treatment of this is apparent that the government and regulatory laws for activating the consumer protection laws and the product and the customs tariff law if done properly will help to reduce this negative phenomenon." what we are seeing with this is the ACTION they need to go to a market economy – HUGE - obviously this goes along with all of what we want to see - let me say the market economy can only happen with a reality rate - and that is what we are waiting for.
4-17-2014 Intel Guru TNT Tony They are not making announcements, opening more banks and investors coming into the country because they're broke. The DFI funds already released and over last week and were sent to Iraq and is in their bank. Why would they do that? They are already accepted into the WTO. They doing everything so when it happens all is already completed. We are better today than Monday. We just don't have the 800#'s but positive things are getting done. We don't know how much longer they can drag it out but do know things are moving. In my heart of hearts, at this minute April is the absolute last month. It can happen in the next day, or hour and I believe it will be done before the end of this month. It is going to happen!!! [post 2 of 2]
4-17-2014 Intel Guru TNT Tony Where are we right now? We are absolutely on the one inch line. They opened 8 new banks in the last 5 days and all are giving out lower denoms. The are still announcing on TV today about 1.6 billion in gold to stabilize their reserves, new companies are coming into Iraq and they are still telling them it is going to happen. They are saying how strong the dinar will be. [Can Maliki run for 3rd term?] They re-wrote the law so he could have 3rd term. The US agreed. So yes he can and yes he is. [Bluwolf stated "I was informed this will happen without or without US".] He's right...they will move forward with or without the US...we just don't know that day or time. [post 1 of 2....stay tuned]
4-17-2014 Intel/Newshound Guru Poppy3 I HAVE BEEN INFORMED TODAY [WEDNESDAY] THAT THE CONTRACTORS HAVE NOT YET BEEN PAID IN ANY CURRENCY SO IT IS STILL POSSIBLE FOR THEM TO BE PAID IN RE-VALUED --DINAR AS THEY WERE PROMISED. ONE NOTE --- ALWAYS BEFORE THEY WERE PAID IN USD ON THE DUE DATE WHICH HAS NOT HAPPENED AS OF TODAY [WEDNESDAY]. BE VIGILANT IT IS STILL POSSIBLE.
4-17-2014 Newshound Guru Adam Montana [Do ya think the dinar will stay pegged to the dollar?] I don't believe it will fall away from the dollar anytime soon, regardless of the RV. As the dollar falls, if Iraq's currency is getting stronger, they just continue to adjust the exchange rate accordingly.
4-17-2014 Intel/Newshound Guru Poppy3 NEXT - I WAS INFORMED THE RATE WILL CHANGE ON THE CBI SITE... THEN THERE WILL BE ANNOUNCEMENTS THAT THEY HAVE THE BUDGET, HCL, AND FULL TARIFF LAW AND HAVE MOVED IN FINANCIAL RESTRUCTURE FROM ARTICLE 6 TO ARTICLE 8...THEN, WITHIN A FEW DAYS, THEY WILL ANNOUNCE FULL MEMBERSHIP TO THE WTO BECAUSE THEY WILL HAVE A RE-VALUED CURRENCY AND IT WILL BE TRADABLE INTERNATIONALLY. ALL THIS COULD HAPPEN WITHIN HOURS, AND IT COULD BE IN DIFFERENT TIMING, BUT ALL WILL HAPPEN VERY QUICKLY AS THEY ARE ALL TIED TO ONE ANOTHER. [post 2 of 2]
4-17-2014 Intel/Newshound Guru Poppy3 DINAR RV CAN STILL HAPPEN AT ANYTIME. ALL THE FOLLOWING WILL HAPPEN AT THE SAME TIME, AT LEAST WITHIN A FEW HOURS OF ONE ANOTHER AS THEY ARE ALL TIED TOGETHER: FIRST - ...THE THREE CONTRACTORS HAVE NOT BEEN PAID YET AND THAT LEAVES THE DOOR OPEN FOR THE RV TO STILL BE PENDING TO HAPPEN THIS WEEK. [post 1 of 2....stay tuned]
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