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3-30-2015 Intel/Newshound Guru Backdoc THIS PROCESS APPROACHES CONCLUSION BY THEIR WORDS ...WITH 30% OF THE BUDGET OFFERED UP AND THE REMAINING TO BECOME LIQUIFIED IN "DAYS" AS THEY SAY! WITH A LOI APPROACHING MATURITY, THE GREEN LIGHT WILL SOON BE HISTORY!
3-30-2015 Newshound Guru sczin11 NOW WE SEE IN LAST COUPLE OF DAYS, COURT IS RULING OR HAS COMPLETED ITS RULING ON THIS CBI CLAIM...AND WHAT DO WE NOW SEE TODAY RELEASED? THE BUDGET HAS ONLY BEEN FUNDED 30%, AND THE REMAINING 70% WILL BE FUNDED IN THE NEXT FEW DAYS...PUT THOSE PUZZLE PIECES TOGETHER...WE ARE ON OUR WAY...THE NEW IRAQI DINAR, THE FOREIGN INVESTOR, THE CITIZENS OF IRAQ, AND ALL OF US...MUCH TO BE ENCOURAGED ABOUT HERE! [post 4 of 4]
3-30-2015 Newshound Guru sczin11 THEN WE WAIT FOR CBI TO FUND BUDGET...WE FINALLY SEE SOME IN COUNTRY SALARIES PAID, BUT NOTHING ON INVESTMENT OR PROJECT SIDE, WITH CONTRACTS FOR INTERNATIONAL COMPANIES, OTHER THAN ONES ON CREDIT OR WITH TERMS...SO, WE OPINE, THE BUDGET HAS NOT BEEN FULLY ACTIVATED, OR IMPLEMENTED...THEN WE READ THAT THE CBI HAS FILED A COURT ACTION, REGARDING MANY PROBLEMS THEY SEE WITH THE BUDGET...MANY ARE SPECULATING AS TO WHY THE BUDGET IS NOT BEING FUNDED BY THE CBI...HOW CAN THE CBI FUND SOMETHING THAT MAY BE FORCED TO BE CHANGED...RESULTS FROM THE COURT ACTION MUST BE RULED IN ORDER FOR THE CBI TO KNOW WHAT AND HOW MUCH THEY CAN FUND...HOW COULD THE CBI FUND A BUDGET LINE ITEM, AND THEN WATCH IT CHANGE BY A COURT RULING... BASICALLY, AN INJUNCTION AGAINST FUNDING THE BUDGET IS WHAT HAS TRANSPIRED... [post 3 of 4....stay tuned]
3-30-2015 Newshound Guru sczin11 CERTAIN BANKS TESTED IN AND OUT OF COUNTRY...BANKS TRYING TO LURE CUSTOMERS BACK IN... LAWS, BANKING AND INVESTMENT BEING READ, AMENDED, AND VOTED... PRIVATE SECTOR IS IN SPOTLIGHT..THE FOREFRONT OF MOST DISCUSSIONS RELATING TO THE ECONOMIC REFORM...CBI HAS CALLED IN OLD FIFTY DINAR NOTES...NO SECURITY WORTH TALKING ABOUT ON THEM...ONLY GIVING 60 DAYS FOR THAT PROCESS, OR CONSIDER THEM WORTHLESS...NULL AND VOID...IS THEIR OTHER CURRENCY GOING TO BE WORTH THAT MUCH MORE? THE BUDGET GETS PASSED, AND WE WAITED FOR PRESIDENTIAL RATIFICATION...FINALLY, THAT BEING COMPLETED, WE WAITED FOR GAZETTE ENTRY...THEN WE WERE TOLD IT WAS ENTERED INTO LAW...THE GAZETTE...FIRST WE HEAR PART ONE, AND THERE WERE SEVERAL PARTS, THEN WE HEAR WHOLE THING... [post 2 of 4....stay tuned]
3-30-2015 Newshound Guru sczin11 I HAVE STATED MANY TIMES, I DIDN'T BELIEVE THERE WAS ANY DELAY IN THE MONETARY REFORM PROCESS AND THAT THE PLAN WAS ROLLING OUT METICULOUSLY, AS PER THEIR DESIGN...EVEN THOUGH IT APPEARED YEARS AGO, DR. SHABIBI WAS READY TO GO WITH THE REVALUATION OF THEIR CURRENCY, ONE MUST REALIZE, EVERYDAY NEW ISSUES ARISE, AND THE BEST LAID PLAN, OF MICE AND MEN, MUST BE ADJUSTED TO CONFORM TO THE ISSUES OF THE DAY! THAT BEING SAID, WE HAVE BEEN GIVEN MANY INDICATORS ADDRESSING THE NEEDS OF MONEY, LIQUIDITY, AND THAT MANY ADVANCEMENTS HAVE BEEN MADE IN THE BANKING SECTOR... ELECTRONIC PROCESSING, E-GOVERNMENT PLAN, CUSTOMS AND TARIFFS, QI CARDS, SMART CARDS, NATIONAL DATA CARDS, MC AND VISA, RATION, AND MORE... [post 1 of 4....stay tuned]
3-30-20215 Intel Guru TNT Tony This was scheduled for Saturday; there is a schedule for this week, and we’ll see what happens. The people at the banks are ready to go, and they removed some defenses so that it can go through more smoothly. They have been practicing with the dinar and the dong, at different rates, and one person exchanged zim overseas. Cards are loaded, and the process has been explained. They are in the final phase of four...We are all just waiting for that final word.
3-30-2015 Intel Guru DC Everyone is frustrated that it didn’t go down this weekend. They haven’t backed off, they are still at a high level of readiness. Iraq announced all weekend that they are doing this, and announced that they are doing everything in dinar now, no dollars. The CBI and all the ministries are ready in Iraq, and that is being announced on the television. Everything else is just sitting there ready; nothing has changed much from Friday. CBI and Abadi’s office are telling everyone to relax, it is happening. I am watching what they are doing at CBI, the banks and the ministries, and they are all lined up. Everything is good in Iraq. The USA is waiting on Iraq and the IMF lead. There were some exchanges going through over the weekend, but those were test cases. We are glad that the system is going so well, and we are eager to get in that line. They are waiting on Iraq. Banks, security, politicians are still on high alert...
3-30-2015 Newshound Guru tlm724 Article: "Today the launch of social protection salaries" they are finally paying the people for the first 3 months of the year!" Quote: "The preparation of this meal amounted to 439 thousand and 461 beneficiaries in Baghdad and the provinces." meal means the salary. Quote: "adding that the review of the receipt of the subsidy will be through banks and the offices of smart card to card" that tells us the smart card system is running correctly this time!
3-30-2015 Newshound Guru Kaperoni Articel quote: "the rise in the dollar's exchange rate against the dinar "serve" Iraq, through the creation of the phrase "positive" variables such as the provision of new jobs and stimulate different working local production sectors, indicating that the low price is a "support" to the importer foreign national account." Looks to me like they are trying to create inflation through taxation so they can raise the value of the dinar. We can hope.
3-30-2015 Intel Guru Mnt Goat The financial or political sectors are not now the major concern of the CBI and Iraqi government in delaying the international rollout of their currency. It is now the security and the stabilization of the country that is the under laying factor. When will it all end? The government of Iraq itself has stated (I do not quote): that it could be as late as early summer before Iraq gets rid of ISIS and DAASH. Early summer is sometime in mid June...right? The good news is June is not really that far off but it could be 2-3 months before we see any chance of any real substantial movement at all in the value of the IQD currency. This is not just my opinion but now seems to be the direction Iraq is now taking.
3-30-2015 Intel Guru Jester [Have you got any updates from HP? (Guru Hocus Pocus)] I HAVE TALKED TO HER A COUPLE TIMES THIS WEEKEND...WE GOT THE INFORMATION ON SATURDAY EARLY THAT THINGS SEEM TO BE RAMPING UP WITH THE INTERNAL COMMUNICATIONS AT THE STREET LEVEL IN IRAQ...I AM TOLD THAT IF SOMETHING SIGNIFICANT HAPPENS WE WILL KNOW...JUST FOR THE RECORD...THERE ARE NO SMART CARDS BEING USED...THERE HAS BEEN NO PAYOUTS THERE... I AM 99% SURE THE INFORMATION WE ARE GETTING IS ACCURATE BECAUSE I KNOW WHERE IT IS COMING FROM... HOWEVER... THINGS ARE CHANGING SOMEWHAT AND THERE SEEMS TO BE SOME URGENCY WITH THE LOCAL COMMUNICATIONS...SO HOPEFULLY THAT IS A GOOD SIGN... I KNOW THEY ARE LOOKING FORWARD TO THIS MORE THAN WE ARE.
3-30-2015 Intel Guru EXOGEN ...THERE IS NO LIVE ACTIVATED, IMPLEMENTED, AND ACTIVATED HCL IN IRAQ AND THE KURDS ARE NOT HAPPY!
3-30-2015 Newshound Guru Millionday [Are they making HCL a law now and not just an agreement that can be broken?] THE AGREEMENT IS BEING ADDRESSED REPORTEDLY BY THE UN AND MANY OFFICIALS BETWEEN ERBIL AND IRAQI FEDERAL --- SO THE RESOLVE IN THE HCL HAS BEEN DONE IN FINANCIAL DUE TO THE BUDGET AND EXPANSION ETC -- SO THERE ARE JUST PORTIONS THEY WANT CHANGED -- NOT STARTING FROM GROUND ZERO AS WE SAW YEARS AGO. [post 2 of 2]
3-30-2015 Newshound Guru Millionday Article quote: "The Speaker of the Parliament, Salim al-Jobouri, stressed the importance to exert more efforts by the parliamentary committees to accelerate in accomplishing important laws." [What laws do you think they are referring to?] THE FINISHING OF THE HCL -- PARTIES-- FEDERAL COURT ACT --TRANSFER OF POWER TO PROVINCES AND AMENDMENTS TO THE BUDGET -- THAT IS ON AGENDA WITH THE NATIONAL GUARD LAW AND ALSO SOME OF THE INVESTMENT LAWS HAVE NOT BEEN PUT TO LAW -- ALL OF THESE LAWS WITH AGREEMENTS WILL ALL IMPACT EACH OTHER AND IMO HAVE TO BE DONE AND PUT TO LAW TOGETHER...THEY MET ON SECOND READING ON MOST AND THEY ARE WORKING TO MOVE FORWARD... [post 1 of 2....stay tuned]
3-30-2015 Newshound Guru sczin11 I AM VERY ENCOURAGED RIGHT NOW, AND AM CERTAIN THE IRAQI DINAR AT SOME TIME WILL BE ONE OF THE MOST POWERFUL IF NOT THE MOST POWERFUL CURRENCY IN THE WORLD...ANYONE THAT CAN CONTINUOUSLY STATE THERE IS NO CHANGE TODAY, AS COMPARED TO THE PAST, NEEDS TO TAKE A REALITY CHECK...
3-30-2015 Newshound Guru Aggiedad77 Article: "Jubouri meet with the heads of parliamentary committees to discuss ways to approve the pending laws" Speaker Jubouri met with heads of Parliamentary committees today and I am reasonably sure the message was loud and clear...get the lead out...and get your laws out of committee and onto the Parliament floor...enough...delays....lets see some action...he doesn't want to see things return to how they were with the former Parliament and he is trying to light some fires in appropriate places.
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3-29-2015 Intel Guru EXOGEN WHAT IQD LAND DOES NOT REALIZE IS MANY PEOPLE ARE NOT GETTING PAID THEIR MONEY IN IRAQ LIKE YOU THINK! THERE ARE PROTESTS IN IRAQ RIGHT NOW OVER PAST DUE SALARIES, YET BABYLON PUTS OUT OUT MANUFACTURED STORIES THAT LEAD IQD LAND THE BELIEVE KURDISTAN IS HAPPY...THE PROBLEM IS PEOPLE ONLY READ THE MANUFACTURED NEWS FROM BABYLON, AND THEY DO NOT LOOK AT KURDISTAN REGION...KURDISTAN IS STILL NOT HAPPY. PROVINCES IN IRAQ ARE STILL NOT HAPPY. MANY OF THE MANUFACTURED NEWS ARTICLES...ABOUT KURDISTAN RECEIVING BILLIONS IS 100% B.S. AND THAT IS WHY THERE IS NO 100% FULLY ACTIVATED, IMPLEMENTED AND EXECUTED HCL. THE HCL IS AGREED UPON, BUT NOT ACTIVATED, IMPLEMENTED AND EXECUTED AND UNTIL KURDISTAN IS MADE WHOLE...THERE WILL BE NO HCL!
3-29-2015 Newshound Guru Aggiedad77 SECURITY...SECURITY... SECURITY... SECURITY... we are at that crux of things that one thing is going to cause the gelling of so many other aspects of life for the Iraqis...and it is spelled...SECURITY.....no matter how you focus....no matter where you look.....no matter what you read...one thing sums it all up...SECURITY...But we've said that for months...what makes it different today...the difference is in the actions being taken...these are exciting times and they are proving through their actions they are in control...get ready for your world to be changed and rocked in a way that may seem unfathomable...wait for it...the BEST is yet to come.
3-29-2015 Newshound Guru Chattels my sense is that Abadi is in a bit of a trick bag - he has to decide between Iranian ground "support" or American air support since neither will work with the other at the same time and then politically and economically matters are not much better - small wonder there is no " RV ".
3-29-2015 Intel/Newshound Guru Poppy3 [GCR=GLOBAL CURRENCY RESET?] CHRISTINE LAGUARD HERSELF STATED TWICE IN NATIONAL NEWS INTERVIEWS THERE WILL BE NO GCR AND THAT IT IS NOT EVEN A TERM THEY HAVE EVER USED. PURE FICTION...SHE STATED THAT COUNTRIES THAT TRADE WITH A COUNTRY THAT HAS A SIGNIFICANT CHANGE IN CURRENCY MAY BE IMPACTED TO RAISE OR LOWER TO EVEN OUT TRADE IMPACT BUT THAT IS DONE ALL THE TIME.
3-29-2015 Newshound Guru Tlar If this had been done in 2010 as Shabibi wanted to do, it would have come out at .86. 5 years later the conditions have changed. More currency reserves, a sizable amount of gold, more production, more oil reserves, less dinar, and less debt. The makings of a better stew. Had it come out in 2010 as Shabibi wanted, it would have to have increased 3x...in order to reach its potential today, hardly likely with ISIS around. I for one like the odds and am glad we are here instead of there.
3-28-2015 Intel Guru Bulldog75 ITS MY BELIEF, AND IMHO, IN MY HUMBLE OPINION, ONE OF THE MAJOR REASONS WE HAVE NOT SEEN THE REVALUE/EXCHANGE OF NEW CURRENCY RATES IS, THIS IS ABOUT THE GCR OF THE PLANET WHICH INVOLVES THE NEW GOLD AND SILVER PRICES. IMHO, WE SIMPLY HAVE TO TAKE THIS ONE DAY AT A TIME. WE PROBABLY WILL SEE THE GCR WITH THE IQN/DONG ALL AT ONE TIME. THE ODDS ARE GOOD FOR NEXT WEEK...
3-28-2015 Intel Guru Bluwolf Bottom line all data has been fed, all acceptable rates are in, based on the request of each country, this effect has taken a toll of 7 years and now has come to an end. The GCR will transpire in a question of days, the international rates are in and no outside source has the power to impose themselves over the accords of economic values of any given country. What some see are just some specific place holders and its value will change simultaneously reflected both in banks screens and forex...the rates no one has access to for they have been locked down.
3-28-2015 Intel/Newshound Guru Poppy3 WELL ANOTHER RIDICULOUS RUMOR TO HEAD OFF. RECEIVING REPORT MANY ARE BEING TOLD BANKS WILL BE LIMITING CASH IN TO A MAXIMUM EXCHANGE OF 20 MILLION. THIS...HAS NO, ZERO VALIDITY... ONE MORE THING TO DEFUNK --- obama HAS ZERO TO DO WITH SLOWING DOWN OR HOLDING THIS UP.
3-28-2015 Newshound Guru My Ladies SO WHAT DOES ALL THIS MEAN. I THINK IT MEANS THAT IRAQ IS RIGHT AT THE POINT OF ADOPTING A RATE FOR ITS CURRENCY. WE LOOK AROUND AT ALL THE GLOBAL CHANGES TAKING PLACE AND WE SEE THE BIS TELLING ALL THE CENTRAL BANKS THE SAME THING, WE SEE IRAQ BEING INCLUDED IN THE CENTRAL BANK ARENA EVEN THOUGH THEY HAVE BEEN OUT OF THE LOOP FOR 10 YEARS. [GURU] NOVA AND I THOUGHT THE DINAR WOULD CHANGE FIRST AND COME OUT AS THE SUPPORT CURRENCY AND FROM THERE CAUSE MANY CHANGES IN GLOBAL CURRENCY BUT IT DOES LOOK LIKE WE MAY HAVE BEEN WRONG. I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER. SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. [post 3 of 3] I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER. SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. [post 3 of 3]
3-28-2015 Newshound Guru My Ladies LET’S LOOK AT A BIT MORE, SECURITY IS THE MAIN CONCERN OF EVERYONE IN IRAQ, SO WHAT IS ON TODAYS AGENDA REGARDING SECURITY. HOW ABOUT THE UNITED NATIONS AND THE VATICAN? Article: "Conference for dialogue and peace in Baghdad tomorrow with the participation of delegations from the United Nations and the Vatican" AND THE ENVOY FROM THE UNITED NATIONS BEGINS WORK TODAY IN IRAQ AND THEY ARE GOING TO PROMOTE NATIONAL RECONCILIATION. AND NOW TAKE A LOOK AT PARLIAMENT PLEASE TODAY. Article: "House of Representatives vote on the Federal service law and end the reading of four bills". WELL CAN YOU GUESS WHAT ONE OF THE BILLS WAS? THIS IS VERY EXCITING, IRAQI FOREIGN LAW DOCUMENTS WERE READ TO ELIMINATE FOREIGN EXCHANGE CONTROLS AND LIFT ALL RESTRICTIONS BETWEEN THE COUNTRIES OF MEMBERS OF THE FREE TRADE AREA. [post 2 of 3....stay tuned]
3-28-2015 Newshound Guru My Ladies THE BIS IS INTRODUCING A NEW SETTLEMENT SYSTEM. AND THE ARAB MONETARY FUND WILL BE MEETING WITH A REPRESENTATIVE FROM THE WORLD BANK WHO WILL BE EXPLAINING THE APPLICATION OF NEW INTERNATIONAL PRINCIPLES. THIS IS VERY BIG NEWS...AND...THE COUNCIL OF MINISTERS ANNOUNCED THEY APPROVE OF THE SUGGESTION FROM THE CENTRAL BANK TO LET THE PRIVATE BANKS HANDLE THE TAXES. ON THURSDAY THE 26TH CAME THIS REPORT FROM BLOOMBERG. THIS ARTICLE IS SAYING CENTRAL BANKS IN THE HUGEST CURRENCY MARKETS WILL SEE NEW PRINCIPLES PUBLISHED ON MONDAY. WELL WHAT DO WE THINK OF ALL THIS? WE THINK WE MAY BE IN A STATE OF EXPECTATION SOON. [post 1 of 3....stay tuned]
3-28-2015 Newshound Guru Millionday [do you think the economic crisis will end by the end of this quarter?] THEY STATED THAT THE ECONOMIC CRISIS WOULD END WITHIN A FEW DAYS A DAY OR TWO AGO -- VERY INTERESTING -- I AM VERY INTERESTED IN THE CODING SYSTEM INFORMATION AND ECONOMIC CONFERENCE THIS WEEKEND -- WE HAVE NO WAY OF KNOWING A DATE THOUGH --THE CODING SYSTEM IS IRONICALLY THE INTERNATIONAL INFORMATION ON MANY THINGS BUT IT DOES TELL THE COUNTRY`S LIQUIDITY TOO. SO MANY YEARS OF PREPARATION ARE VERY COSTLY AND SHOWS MUCH MUCH MUCH DONE THAT HAD TO BE --- NOW THE INFORMATION SYSTEM SET UP FOR PAYMENT SYSTEM AND REMITTANCE AND ALL DATA CONNECTED INTERNATIONALLY? -- WE LOVE IT.
3-28-2015 Intel/Newshound Guru Backdoc THE REPRICING IS NOW UNDERWAY AND IF I'M SEEING THINGS CORRECTLY WE MAY BE ABOUT TO SEE TWO COUNTRIES COMPLETE THEIR BUDGETS AT THE SAME SYMBIOTIC TIME! WITH ZEROS DROPPED AND ON THEIR WAY TO HEROS THIS LONG TRAIN RUNNING WILL EVENTUALLY COME INTO A STATION!! TAXES, TARIFFS, AUCTIONS ENDED WITH THE NEW REMITTANCE SYSTEM IN PLACE...KURDS PAID AND FIST FIGHTING OVER THEIR FUTURE LEADERSHIP...SECURITY MASSIVELY IMPROVED...REMEMBER, THE CBI TOLD US IN MANY ARTICLES THAT SECURITY WOULD NOT HOLD UP MONETARY REFORM! INFLATION WILL CONTINUE TO EAT THEIR LUNCH UNDER THESE CIRCUMSTANCES IF THEY DON'T MOVE FORWARD! ...I SEE MANY UNUSUAL THINGS BEGINNING TO DOVE TAIL!
3-28-2015 Intel/Newshound Guru Poppy3 [what are the odds in your opinion that the rv would happen before the end of the 1st quarter so all promises Abadi has made can be retroactive to January 1st. I understand that will not be the case if rv after 1st qtr ends?] I KNOW FROM SOURCES HE IS DOING EVERYTHING WITHIN HIS POWER TO MAKE IT HAPPEN. I WILL ALSO REPEAT WHAT THE BEST IN THE KNOW SOURCE IN THE USA STATED --- HE SAID THEY ARE IN THE FINAL STAGE OF FINANCIAL REFORM AND WILL NOT STOP TILL THEY GET THERE REGARDLESS OF ISIS, DAASH...ETC. HE ALSO SAID ENDING A QUARTER OR HOLIDAY OR RELIGIOUS DAY ETC WILL NOT HAVE EFFECT...THAT WHEN THEY COMPLETE THEIR STEPS THEY WILL THAT DAY RELEASE THE RATE. PERIOD. THAT SAYS IT ALL TO ME AND I AM ENCOURAGED AND VERY RELAXED THAT THE END IS NEAR TO US. HEARING THEY WILL NOT STOP TILL WE ARE PAID SOUNDS LIKE THE BEST NEWS WE COULD HEAR. NO NEED TO WASTE TIME TRYING TO FIGURE IF THIS OR THAT IS THE HOLDUP BECAUSE NO ONE THING IS AND ONLY THEY KNOW THE STEPS STILL NEEDED.
3-28-2015 Newshound Guru Millionday Article quote: "Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading..." ACCORDING TO THIS WE ARE GOING TO SEE NEW REGULATIONS FOR FOREIGN EXCHANGE -- I EXPECTED SOME NEW REGULATIONS AND HAVE HEARD OTHERS BRING IT UP AS WELL -- THIS IS VERY INTERESTING TO SAY THE LEAST -- VERY INTERESTING TO SEE THAT THE GOAL IS TO COMPLETE THIS BY THE END OF THIS MONTH. Quote: "The Wall Street Journal earlier reported that central banks had agreed on a set of guidelines for the currency market. It said that the principles would ban traders from sharing client identities and information and disclosing data that could allow someone to deduce that information." SO AS WE READ HERE -- THEY HAVE AGREED ON REGULATIONS TO PROTECT THE INVESTOR...
3-27-2015 Intel Guru DC Iraq is absolutely ready, they have prepped more bankers, and they have announced it in the mosque (again) saying it’s happening this weekend, with details on the radio and internet sites. They increased some of their payments in Baghdad. Prevailing wisdom is that they have pushed that as far as they can and the next round is the whole public release. The interior ministry is good, prepared and ready, and so is the finance ministry, CBI and Abadi’s office. They have been briefed on the global plans. Parliament has met all week, and they are voting on minor laws and tweaking/updating the HCL. Is that what they’re waiting on? According to their treasury and ours, and a few other financial sources, yes – but others say we are not. In the US...Banks and everyone else is ready. On the political front, some folks in the administration are strongly of the opinion that as soon as Forex closes for the weekend, this will happen... We are hearing that from US, European and some Asian banks. They say they are fully prepped for this weekend. They would not be calling people in if they were not planning to start tonight. The rate is still moving up slightly in our favor. Dinar: $3.91- 4.10, zim .13 to .18, decided last weekend. Iraq is ready for any moment from this evening onwards. Some believe it will happen after the HCL tweaks tomorrow evening in Iraq.
3-27-2015 Intel Guru TNT Tony There is so much intel to be excited about! It’s been a good week in Iraq. They have finally lined up all their banks, and in the mosques they said the financial crisis will end for all Iraqi citizens this weekend. The Parliament is supposed to briefed on what will happen before it occurs. They can do the RI before the briefing or the other way round. Everyone is geared up and it’s scrolling on the television. They have changed the rate slightly from $3.91. The dinar has been seen at $4.10 on some screens right now. We have seen dong at $1.57 to $1.77, and zim at .15 to .18 minus six zeroes. In Iraq, they are saying the financial crisis should be over for every Iraqi citizen this weekend. They are supposed to briefing everyone by Saturday morning on the final process of phase four. It could be sooner.
3-27-2015 Newshound Guru Bondlady Article: "Bakhtiar Titanic: Kurdish forces did not agree so far on a candidate for the presidency of Iraqi Kurdistan" this is good because they really really want that HCL law, so much so that they broke into a fight over who will represent the Kurds as pm to get it done. Barzani said let me continue so I can pressure Baghdad to do it, the others want no more terms, basic dictator if more than 2 terms and Barzani or his family have been in office over 50 years.
3-27-2015 Newshound Guru Millionday Article quote: "The national working to convene an international conference on Iraq, with the participation of a large number of countries, in order to promote a new strategy for the region and the development of international cooperation among the participating countries the conference." THIS IS NOT JUST ABOUT THE MILITARY ACTION...THEY ALSO ARE GOING TO BE ADDRESSING THE ECONOMIC HUBS OUT OF THE CRISIS -- [COULD THIS BE PART OF THE NATIONAL RECONCILIATION MEETING?] YES THIS COULD... [what is that National reconciliation meeting?] IT IS THE ADDRESS OF THE NATIONAL RECONCILIATION DOCUMENT AS IT WILL BE PRESENTED TO THE GLOBAL ENTITIES THAT ATTEND -- IT IS A WRITTEN DOCUMENT OF THE NEW IRAQ AND THE SIGNATURES THAT HAVE BEEN GIVEN IN AGREEMENT FOR PEACE AND PLANS ACCORDING TO WHERE IRAQ`S FUTURE LIES.
3-27-2015 Newshound Guru Kaperoni Article quote: "In the past, there was a difference between the two rates: the official price and the market price, but this difference was within the universally accepted standards, the 2% up, whereas the current difference is the 7% up to - 8%..." This is a pretty good confirmation article of what they should be doing vs, what they really are doing and the fallout as a result. No matter what the excuse, 8% or higher market rate spread is unacceptable and needs to be corrected soon. Since they probably won't be going to IMF Article VIII anytime soon (not in compliance) and Dr. Bakri implied in my interview that they will strengthen the dinar before Article VIII, hopefully they will use this time wisely and begin the process to correct the nominal exchange rate more in line with the dollar. It's always good to have confirmation that what we present and study is correct. No matter if good or bad.
3-26-2015 Newshound Guru Millionday THE ENTIRE INTERNATIONAL CODING SYSTEM HAS BEEN REDONE AND IS BEING PRESENTED AND SHOWN TO ARAB REGION ON SATURDAY AND PARLIAMENT HAS THE HUGE LAWS ON THE TABLE THIS WEEKEND FOR SECOND [READING] -- THAT PREPARES THEM FOR ACTIVATION THROUGH VOTE WHEN THEY ARE PREPARED. THE SECOND READING OF MOST SHOULD BE SAT ACCORDING TO AGENDA --- AND THEN WHENEVER THEY ARE PREPARED THEY WOULD VOTE THE NEXT MEETING.
3-26-2015 Newshound Guru Kaperoni Reading these older articles can really get one excited when you see the current progress and how it relates to statements made in these older articles. I do believe we will begin to see change this year, but first we need some laws...I would like to see the new securities law, along with the economic laws and banking laws. And finally, Dr. Bakri seems confident...that the plan discussed in his paper (which raises the value) will be implemented by the CBI when the conditions are right. That seems to be coming soon since the announcement on March 3rd, 2015 giving the green light. [post 2 of 2]
3-26-2015 Newshound Guru Kaperoni Economist Report: "Proposal to raise zeros from the dinar Ala a paper" "A. M. D. Jawad Kazem al-Bakri" This...was published...June, 2011. I have read his report over and over again...and find that this report is confirmation that the dinar will appreciate in value. Though his references imply a near 1 dinar to $1 example when buying goods, it does not say it would be achieved "overnight", in fact he says through...a study and sound policy. Therefore I continue to believe the dinar will float up in value based on economic investment. This theory was further supported a few weeks ago when Dr. Salam Smeisim mentioned floating the dinar. [post 1 of 2....stay tuned]
3-26-2015 Newshound Guru Millionday [Do you believe we are still waiting on any laws before an RV can happen?] I DO BELIEVE THAT SOME OF THE COMMERCE LAWS AND INTERNATIONAL LAWS ARE NEEDED BUT THEY HAVE MADE IT SO CONFUSING WITH WHAT IS DONE AND WHAT IS BEING DONE OR EVEN WHAT IS IN A BASKET -- ON THE SHELF OR UNDER THE BED THAT IT HAS BECOME VERY HARD TO FOLLOW THE ECONOMIC LAWS. [ I thought we might hear the CBI say parliament needs to pass laws if they were needed?] THEY HAVE NOT REPORTED SOME OF THE LAWS THAT ARE OBVIOUSLY DONE -- AND STATE THAT THE ERBIL AGREEMENT IS ACTIVATED BUT SOME OF THE HCL IS STILL BEING AGREED UPON? -- IT IS RIDICULOUS.
3-26-2015 Intel Guru TerryK [could they be rolling out the rv 1 section...at a time?] I DON'T THINK THEY CAN HAVE ONE PART GET INCREASE IN VALUE AND ANOTHER NOT. YOU WOULD HAVE MASS PEEPS GOING INTO THAT SECTION. THAT WOULD BE LIKE KENTUCKY GETTING OUR DOLLAR AT 1.50 AND OHIO AT .50. IT DOES NOT WORK THAT WAY...IT JUST DOES NOT. [Any news today on when we might see this?] I'M THINKING FRIDAY NIGHT. [...they are again talking about investment law and the necessity for it before anything will happen?] THOSE LAWS ARE ON THE BOOKS FOR SATURDAY ...WHAT I WAS TOLD YESTERDAY.
3-26-2015 Intel/Newshound Guru tman23 Article quote: "On Wednesday, UN economic advisor and special representative of the UN Secretary General for Iraq Ashraf Abdua’al visited Erbil, capital of the Kurdistan Region. During his visit he met with KRG Finance and Economy Minister Rebaz Hamlan to get an idea of the size of the problems facing the Kurdistan Region and discussed the impact of the shortfall on the region. According to an announcement by the ministry, Abdul’al told Hamlan that they are attempting to resolve the financial dispute between Erbil and Baghdad. Abdul’al said that in the coming days, they will discuss the situation the officials from the World Bank and International Monetary Fund (IMF), and set out the financial needs of the Kurdistan Region." THIS NEWS IS BIG WITH REGARDS TO MONETARY REFORM...WE HAVE NOT WITNESSED THE IMF OR WORLD BANK DEALING WITHIN THE KURD GOVERNMENT UNTIL NOW... YOU CAN'T HAVE $$ REFORM WITHOUT UPDATING AND EDUCATING THIS REGION WITH THE CHANGES TO BE IMPLEMENTED BY THE CBI AND NOW WE HAVE INK.
3-26-2015 Newshound Guru Shredd Article: "Appearance Saleh warns of deterioration of the dinar and rumors denied" Saleh is basically saying to the people that things are under control, the central bank knows what it is doing, we have a plan and we need to control the exchange mechanism. aka; "It's all good, we got this".
3-26-2015 Intel Guru Hub ...the rv will occur when Iraq moves to a world wide provider of products and services, eco 101, all the laws put the govt in place for security and protection, but until the economy opens to a free international market you wont see an rv. Look at any other import export economy in the world and they have a valued, internationally traded currency. Look at any county with a worthless currency and you will see zip in the trade column...with out world trade no need for valued currency...they can law them selfs to death, but until the markets open, no need for a tradable currency.
3-26-2015 Newshound Guru Millionday Article quote: "...economic Academic Dr. Majid Baidhani to accept a large audience of traders stock in the stock market on the acquisition of government bonds by the Ministry of Finance plans to launch soon." WE HAVE SEEN IN MANY REPORTS --- BONDS BEING LAUNCHED SOON -- THEY ARE REPORTING THEY ONLY NEED ONE MORE CREDIT RATING...THERE ARE THREE... "Fitch, Moody's and Standard & Poor's" IS THE LAST OF THE THREE TO REPORT THE CREDIT RATING FOR IRAQ -- THEY NEED THE THIRD AND ARE STATING HERE THAT THIS WILL ALLOW INVESTMENT COMPANIES AND ALSO ACCESS TO CAPITAL MARKETS -- THAT IS CURRENCY MARKETS... THESE ARE GLOBAL/INTERNATIONAL BONDS -- THEY REQUIRE THE MOVE TO A TRADABLE CURRENCY. WHOOOPOW!
3-26-2015 Newshound Guru sczin11 I HAVE NEVER EVER THOUGHT THERE WAS A HOLD-UP, AND THE MORE WE SEE HAPPENING, THAT WE DIDNT EVEN KNOW ABOUT, THE MORE I AM CONVINCED, THEY KNOW EXACTLY WHAT THEY ARE DOING... REMEMBER, "WE DON'T KNOW, WHAT WE DON'T KNOW!"...WE THINK WE ARE THERE, AND A NEW LAW GETS BROUGHT TO THE TABLE...DOES THAT MEAN WE NEED THAT LAW...I BELIEVE NOTHING IS NEEDED FOR THE RAISING OF THE VALUE OF THE DINAR, AND THE MOVE TO THE INTERNATIONAL OPEN MARKET ECONOMY...IF INVESTMENT LAWS ARE NEEDED TO LURE INVESTORS, DOESN'T MEAN THEY CAN NOT COMPLETE MONITARY REFORM, AND LAWS TO FOLLOW...
3-26-2015 Newshound Guru Tlar Iraqi leadership is not incompetent as they might seem at times. They just have a monumental task in front of them... Iraq will install Monetary change. The delete the zero program will be activated this year and security will come to the country. Those are the knowns. What is left as always, is the when. Iraq is very close as articles have told us. How close? That is the question. The intel says we are very close but as always we wait. We are coming on to the end of the first quarter by Tuesday of next week - March 31st. It is at that time the CBI will make a strategic decision of whether to do it now or continue to wait. If they pass the 31st, they cannot go back. In other words if the 31st comes and goes they have lost their opportunity to retroactively take this back to the first of January 2015 because the second quarter will have begun. If they pass this opportunity it removes the pressure on the CBI in one respect. The CBI under Shabibi always felt it would be best to do this at the beginning of a year. It doesn't change a thing though if they bypass this opportunity at this time. Iraq is working hard and will change its monetary system as well as its economic system this year. You have seen this in article after article. So don't get too discouraged and certainly don't give up. We are close. I stand by the intel - over $3.00 and this year - maybe the end of this quarter.
3-25-2015 Intel/Newshound Guru Poppy3 [any news on WTO?] I VERY MUCH EXPECT THAT WILL HAPPEN ALMOST SIMULTANEOUSLY WITH THE NEW RATE. I DON'T BELIEVE THEY WOULD BE ADMITTED AS A FULL MEMBER WITH 1166. THEY COULD BUT AT THAT RATE WOULD BE OF ZERO BENEFIT TO THEM OR ANYONE.
3-25-2015 Intel Guru Terry GOT WORD YESTERDAY THAT WE ARE TO SEE THIS BEFORE THE 1ST WHICH WOULD GO WITH THE INFO IM SEEING ABOUT THREE LAWS BEING BROUGHT FORTH. MONIES THAT WERE TO BE PAID TO A CERTAIN GROUP DID NOT REACH THEM AND WHAT I WAS TOLD IS BAGDAD HELD THEM TO PAY SALARIES AND NOW THEY ARE IN A BIG PICKLE AND HAVE TO DO THIS LIKE NOW. SO ABADI IS MAKING COMMITMENTS THAT HE CANT DO SO HE IS PULLING FAVORS TO PUSH THIS...WE SHALL SEE.
3-25-2015 Newshound Guru Adam Montana Here we are...another Wednesday...and I know what most of you really want to know. You don’t care about the HCL, the GOI or the CBI...heck, I’m there with you. The question is simple: DO I GET THE CHA-CHING THIS WEEK OR NOT?! Well, my friends...not YET...I can only relay what I'm hearing and feeling based on my contacts, the conversations I have with them, and then also the news that we all have access to. So, here goes. There is not an HCL in place yet. Don't start kicking things! I said “we don't have an HCL” at this moment. It IS coming! This whole thing is coming to a head. It simply can NOT keep being delayed. Wheels are in motion, and the snowball is rolling DOWNhill.
3-25-2015 Intel Guru DC In Iraq, everyone is ready to go, announcing it on their television that the financial crisis will end within the next few days. Everything is ramped up, and in all the ministries, the CBI and Dr Abadi’s office, everyone is ready. The exact time and day are only known by the PM and Dr. Shabibi. He has been reassuring everyone around the world that it will get done, to stay ready. They have nearly completed what they are doing in Tikrit, really breaking the back of ISIL. Even on television, they are saying that the financial reforms will be done in the next day. All the ministries are on high alert, waiting for the word from Abadi and Shabibi. Banks worldwide are coordinating and ready for that as well. Banks in the US and around the world have been on high alert, ramped up and ready to go. Iraq is absolutely ready and everyone is on the highest level of alert because they anticipate it going now.
3-25-2015 Intel Guru TNT Tony I don’t think we’ll get out of this month, because news is saying any minute, hour, or day. Their television is scrolling “economic reforms will be done for all citizens of Iraq” and that is being shown here in the US on Iraqi stations, which are usually two days behind events in Iraq. We have contacts in Iraq saying that has been done in-country, with a rate of $3.91 or slightly higher. It’s happened over there, but it is being revealed in stages. We always thought that it would be revealed everywhere at the same time, but they have decided to reveal it in controlled stages. We are not waiting for the RV and GCR to happen – it’s already happening. Too many people are being exchanged or given appointments right now, here and around the world. This is a good thing! ...in Iraq they expect this any time within the next few days.
3-25-2015 Newshound Guru Aggiedad77 Article: "Appearance Saleh warns of deterioration of the dinar and rumors denied" I think it is important to recall PM Abadi's background...very much heavy on the side of financial wisdom...the former head of the Financial Committee in Parliament I believe...you don't see him dancing with the Finance Committee pointing fingers at the CBI...no he chooses to meet with the governor of the CBI and backs the belief that the CBI needs to be independent of the government...they have their own governance to stand on...proudly...Dr. Saleh has been there and wore that CBI t-shirt, he understands the role the CBI has in Iraq's future...neither of these gentlemen are siding with the Finance Committee at this stage of their game....pay close attention to what both of them say and do...one is the spokes person for the other...the one has the clout in his hand to change things...what for change to evolve soon for Iraq...IMO.
3-25-2015 Intel/Newshound Guru Poppy3 there are laws that need passing but according to CBI the one's pending to be put is action as law don't effect the CBI giving the green light to turn the new RATE LOOSE. ABADI'S GOI NEEDS CASH FLOW DESPERATELY, HE HAS MADE THAT VERY CLEAR AND THE NEW RATE IS THE ONLY WAY LEFT TO PROVIDE THOSE FUNDS. WE ARE LOOKING VERY GOOD AT THIS POINT.
3-25-2015 Intel Guru Frank26 [via FrostyTheSnowman] The governor of the CBI and PM Abadi are still talking...SECURITY is extremely important! The SECURITY within the CBI...meaning the “laws”...there are like 1,500 or more...many will become active once the budget is opened. Why isn’t the budget open? We don’t have a rate yet. In the meantime, all of the math is being done on the CBI spreadsheet. The slate was cleaned...completely wiped clean mathematically. Are we going past March? We don’t know but we don’t think so. We don’t know a date/rate.
3-25-2015 Newshound Guru sczin11 WE KNOW PROGRESS IS CONTINUING...I KNOW MR [MONETARY REFORM] IS IN PROCESS... I JUST AM NOT CERTAIN HOW OR WHERE WE WILL SEE IT FIRST...WHAT I DO KNOW, IT WONT BE IN AN ANNOUNCEMENT BEFORE IT HAPPENS... WE MUST ALL STOP AND REALIZE, ONCE AND FOR ALL...NO-ONE KNOWS DATE...AND IF THEY WANTED US TO KNOW, THEY HAVE HAD NUMEROUS OPPORTUNITIES TO DIVULGE...THEY HAVENT, AND WONT...YOU MUST REALIZE THAT THE CBI WILL SHOW THE RATE, THE FOREX WILL SHOW A BUY AND SELL PRICE, AND THE BANKS WILL ALL SHOW THE EXCHANGE RATES THEY ARE OFFERING, JUST LIKE THEY DO NOW FOR THE DONG, EURO, AND OTHERS...
3-35-2015 Newshound Guru Millionday "...the decline in oil prices to unprecedented levels form a major challenge for the government and ministries of the state in the implementation of its development, noting the current financial crisis will be gone within the next few days..." THE ECONOMIC CRISIS -- WILL BE GONE IN THE NEXT FEW DAYS! NOW THAT WE LIKE. THEY PLAN TO RESCUE THE NATIONAL ECONOMY AND NO OIL PRICE OR TERRORISM WILL STAND IN THE WAY OF THE PROGRAM FOR THE ECONOMIC RESCUE -- WHOOOPOW. [COULD THAT MEAN AN RV?] THAT COULD INCLUDE THE ECONOMIC REALITY FOR THE MARKET ECONOMY THEY HAVE AS A GOAL...
3-24-2015 Intel/Newshound Guru tman23 The Kurd delegation coming to Baghdad to "restructure the agreement"... Lets just say... the Kurds are not coming to renegotiate anything...The Kurds need 1.2 billion per month and this is NOTHING NEW...Kirkut is told they will begin receiving $2 per barrel starting April...and they are set to deliver 400k barrels per day...Kurds consider Kirkut part of their territory...Point here is...lots of confusion and with Mustafa in Baghdad for the Kurd region before the arrival of the delegation...Abadi and team best have the ultimate game plan and offer...Again all eyes should be on the Kurds.
3-24-2015 Newshound Guru Kaperoni Article: "Government agrees to accept the proposal of the central instruments of private banks to taxes and fees" I remember back to early March when Allaq said he was giving the "green light" to delete the zeros...he said..."this process will be preceded by regulatory and administrative operations" Sure looks to me like they are putting those procedures in place now.
3-24-2015 Newshound Guru sczin11 I AM MORE ENCOURAGED ABOUT THE FACT THAT ABADI MET WITH CBI GOVERNOR PRIVATELY, FIRST TIME I EVER SAW SOMETHING LIKE THAT, THEN I AM ABOUT THE "TRANSLATIONS" OF WHAT WAS DISCUSSED...THE TRANSLATIONS CAN BE VERY AMBIGUOUS...BUT WHY PRIVATE MEETING AT ALL, AT THIS TIME? THAT IS EXCITING.
3-24-2015 Newshound Guru Kaperoni Article quotes: "Iraqis Economists Association predicted, Iraq was able to overcome its financial crisis... "...that the government, despite its preoccupation war and military operations against terrorist groups, but it has developed an economic program aimed at development and emerge from the current financial crisis." ...there are several ways to overcome a financial crisis...such as the sale of bonds, increase in oil exports, price changes, etc. ...we know the solution is opening the market economy. Clearly there is a plan and Abadi appears to be determined to make sure it succeeds. Where exactly currency reform fits in that strategy is unknown...but it is required for a market economy to succeed so it is coming. I personally do think that the meeting between Abadi and Allaq was important and what was discussed appears to be very private as in the past when such a meeting would occur, usually some staff accompanies. Personally, I continue to believe laws must be passed before the CBI will make any moves and this ISIL war needs to be more under control.
3-24-2015 Newshound/Intel Guru BGG Article quote: "Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies." That statement is so powerful. Apparently they intend to have dinar exchanged against foreign currencies...not just a foreign currency...foreign currencies...plural...it means international. I think the CBI governor is feeling the heat right now...will he play ball or will he be removed? It was a one on one meeting and the fact that they are meeting and talking in that context is fantastic.
3-24-2015 Intel Guru DC WE DON'T KNOW THE DATE OR TIME...IT VERY WELL COULD BE TODAY OR WHATEVER!
3-24-2015 Newshound Guru Millionday Article quote: "Prime Minister ", received in his office today, Governor of the Central Bank on the Keywords," noting that "During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against currencies foreign." THIS IS A MEETING WITH ABADI AND CBI GOVERNOR. ABADI IS STRESSING THE INDEPENDENCE OF CBI BUT IS STATING THAT THE ECONOMIC AND FINANCIAL REALITY AND ALL POLICIES NEED TO BE MOVED FORWARD TO REACH THEIR GOALS.
3-24-2015 Intel Guru TNT Tony [via Already Blessed] EVERYTHING IS LOOKING GOOD AND MOVING... HANG ON! ...IT IS STILL OUR WEEK!
3-24-2015 Newshound Guru Millionday THIS WILL CHANGE THE WAY THAT ECONOMIC DATA IS DONE WITH FINANCIAL IMPACT A NEW CODING SYSTEM. I THINK THAT THE REFORMS MAY HAVE BEEN RELIANT ON THE NEW SYSTEM AS IT WOULD NOT BE SMART TO ACTIVATE THE OLD SYSTEM WHEN THE NEW SYSTEM WAS ABOUT DONE --- SO LOOKS LIKE THIS WAS IMPORTANT TO BE DONE BEFORE IRAQ ECONOMIC REFORMS OR EVEN COUNTRY REFORMS. [post 2 of 2]
3-24-2015 Newshound Guru Millionday Article quote: "A statement by the Arab Monetary Fund, seen by the "morning" will participate in the meeting of the World Bank representative...it is scheduled to attend the President of the Board of Directors overseeing the coding system Consolidated global legal related Council financial stability, which will give a presentation about the new coding system and its impact on payment and settlement systems." THE MEETING THEY ARE TALKING ABOUT IS HUGE AND IS ABOUT THE IMPLEMENTATION OF A NEW SYSTEM IN THE INFRASTRUCTURE FOR CAPITAL MARKETS AND THIS IS ISSUED BY BIS (BANK OF INTERNATIONAL SETTLEMENTS). THIS INTERNATIONAL CODING SYSTEM WILL BE PRESENTED TO SHOW HOW IT WILL BE IMPLEMENTED AND ALSO ITS IMPACT ON THE ARAB REGION. [post 1 of 2....stay tuned]
3-24-2015 Intel Guru Jester THE FACT OF THE MATTER IS THE INFORMATION I RECEIVE IS THAT EVERYTHING IS DONE THAT NEEDS TO BE DONE...THAT THERE IS NOT ONE OTHER THING THAT NEEDS TO BE DONE...SO THAT LEAVES ONE THING LEFT... WHY IS IT NOT MOVING FORWARD? THE US IS THE HOLD UP. MY SOURCES SAY THERE IS NOTHING LEFT TO DO...EXACT WORD WERE ACTUAL...NOT ONE THING LEFT TO DO...
3-24-2015 Newshound Guru sczin11 WHAT MANY DO NOT UNDERSTAND, IS THAT THE RAISING OF THE VALUE OF THE DINAR, AGAINST INTERNATIONAL CURRENCIES, THE PAIRING IF YOU WILL, HAS LITTLE DIRECT EFFECT ON THE IN COUNTRY CITIZENS...FOR EXCHANGE PURPOSES...THE CITIZENS WILL REAP THE BENEFITS, WHEN THE COSTS OF THEIR GOODS PURCHASED ARE REDUCED, AS A RESULT OF LARGER PURCHASING POWER BY THE IMPORTERS...
3-24-2015 Newshound Guru Kaperoni Article quote: "The head of the House of Representatives has called for a conference with friendly countries to get Iraq out of its economic crisis" ...these economic conferences are a waste of time and money. Until Iraq passes the laws for economic and banking support, the market economy is stalled. Rather than hold these conferences asking everyone to help, turn to parliament and find a way to get the job done.
3-24-2015 Intel Guru Frank26 Today the GOI and CBI work together...the governor of the CBI (whoever that is) and Abadi got together and Abadi tells him maybe I should be in control of the IQD mechanism. I’ve never seen the PM and the governor of the CBI discuss these facts and add value to their currency and talk about the mechanism to do it. ...the governor of CBI in my strong opinion is Dr. Shabbi. The head of the CBI and the GOI met together. They need to be Article 8 compliant. They need to add value to their currency! If you take everything I’m saying right now and literally put it all across a piece of paper you will see an evolution a growth pattern leading to adding value of the IQD and Article 8 compliance! We now have 2 leaders working on the mechanism to lift the zeros! It doesn’t get any better than that! [post 3 of 3]
3-24-2015 Intel Guru Frank26 The Finance Committee said that the IQD is collapsing...if this country [Iraq] does not comply with Article 8 very soon it will collapse! Abadi basically said [in Germany] that “I want the RI/RV but we need to see peace and security in our neighborhoods first.” Abadi wants Article 8 compliance! ...there may be no RI/RV until ISIS is secured and we see security. The international community got the message. Security is taking charge! ISIS is being choked. We are much farther along than most people think! Meanwhile the IMF praises the steps that Iraq is taking. [post 2 of 3....stay tuned]
3-24-2015 Intel Guru Frank26 [via Frosty the Snowman] Everything is going in the direction to add value to the IQD. They cleaned-off the 1166 rate on the spreadsheet and we were excited! [Guru] Delta told us to pay attention to the Bank of Baghdad who was making some amazing announcements. The Bank of Baghdad is literally telling the international world and the citizens of Iraq that we are going to take good care of you...we’ve got some good services for you...some good products for you, etc. All of that ain’t true. There’s no liquidity. Yes they have a new technology system but none of it is realistic until they comply with Article 8 and raise the value of their currency! [post 1 of 3....stay tuned]
3-24-2015 Newshound Guru sczin11 YOU MUST CRAWL BEFORE YOU CAN RUN...(TO THE BANK)...WE ARE SEEING STEPS IN A METICULOUSLY PLANNED OUT PROCESS...FOR 2 MONTHS NOW, MR [MONETARY REFORM] HAS BEEN IN PROCESS... JUST BY THE RELEASES WE HAVE SEEN, THAT IS OBVIOUS...WE DON'T KNOW THE LAST STEP, WE DON'T KNOW WHEN, BUT WE MUST BE ENCOURAGED...Quote: "Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies" WHEN HAVE WE EVER SEEN A MEETING IN THE PM'S OFFICE WITH THE CBI GOVERNOR, DISCUSSING EXCHANGE RATES?
3-24-2015 Newshound Guru Millionday [Do you think they are working behind the scenes and are farther long then we think?] YES -- I THINK THAT BY THE TIME THE NEWS HAS BEEN IN SOME INSTANCES -- APPROVED-- IT IS A COUPLE DAYS LATE AND WE HAVE SEEN THAT AS WELL -- ALSO...FOR SECURITY PURPOSES --- I WOULD SAY THAT MANY ARE LATE IN REPORTING AS FAR AS MILITARY ACTION AND MOVEMENT OF PEOPLE AS WE HAVE SEEN IN THE PAST. ALSO -- WE HAVE SEEN LAWS GO TO PARLIAMENT AND NO COMMENT FOR A WHILE AND THEN THE ACTION OF THAT LAW IN THE NEWS.
3-24-2015 Intel Guru TD After a long drought of no information from my Kurdish friend I reached out to check on the rumors that an "RV rollout had begun ". Of course as usual treat ALL you hear or read as rumor and please due your own diligence. He humored me by calling a few contacts in different provinces of Iraq and no one including bankers know of any such claims. ...he indicated that Abadi's government is complying with terms reached with the Kurdistan region including timely payments. The major push this spring/summer against ISIS remains the main and only focus of action and other social, economic and monetary reform programs are being worked through but simply on a planning and development basis with implementation on most to be further evaluated and implemented later this year as conditions on the ground warrant any rollout. Right now and near term addressing the security and stability situation of the country is priority ONE. Don't expect much else for months to come.
3-23-2015 Newshound Guru Millionday [do you see Iraq waiting on other Global economic moves and strategy before they RV or are they simply on their own timeline acting independently?] I THINK THAT THIS WILL HAVE A GLOBAL IMPACT DUE TO THE MARKET ECONOMY THAT IS THEIR GOAL ALONG WITH THE WTO THAT MANY COUNTRIES ARE A PART OF -- THE EMERGING ECONOMIES MUST HAVE AN IMPACT OR THEY NEED TO GO BACK TO THE DRAWING BOARD BUT -- THIS ONE HAS BEEN ANNOUNCED TO BE AN EVENT THAT WILL IMPACT THE GLOBE AND THERE ARE MANY REFERENCES TO AGREEMENTS IN TRADE AND ALSO THE ISX HAS BEEN HOOKED TO NASDAQ SO THE AVOIDANCE OF AN IMPACT CANT BE DONE -- SO I THINK AN IMPACT NOT A RELIANCE.
3-23-2015 Newshound Guru Kaperoni The bottom line is Allaq has his hands tied right now...until the GOI gets parliament to set the stage (pass the laws of economic and banking) for investment and investors, the CBI cannot float the dinar. They work hand in hand to drive the exchange rate up..and so we wait. This is not new, we have been saying this for a very long time. Article quote: "Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, Governor of the Central Bank, Mr. Ali relationship. During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies." I was thinking about this...usually when there are meetings like this a few more players are involved. One on one with the PM is probably very sensitive in nature...which IMO is a good sign. We may be close.
3-23-2015 Intel Guru TerryK HEARING A LOT OF GOOD STUFF...BRACE YOURSELF...IM GETTING INFO DUE TO PARLIAMENT NOT MEETING TOMORROW AND COMING BACK SATURDAY THIS MAY PUSH OUT...THEY ALWAYS SAY SATURDAY NIGHT FOR THEM TO CLICK AND WITH SUNDAY BANKING DAY IN IRAQ MAKES SENSE. IM THINKING NO LATER THAN THIS WEEKEND BASED ON THE PARTY BOYS NOT COMING BACK UNTIL SATURDAY. 1.09 DONG...WHAT IM HEARING.
3-23-2015 Intel/Newshound Guru tman23 ...I am looking to see what takes place before April 2...because it starts a new quarter...and I do not believe they will RV in the middle of a quarter...They have said as much in past articles (lift the zeros).
3-23-2015 Intel Guru TNT Tony [via Adept1] On Saturday there was an article saying Dr. Abadi will activate the private sector on Tuesday. On Sunday, there were announcements in the mosques explaining how their cards would operate in Iraq and overseas. ON Thursday, there were letters saying their cards would be activated at $3.91 on Monday, and that didn’t happen so far today. People we talked to today in Iraq said they are expecting this any moment, and on television they showed the celebrations all weekend. They also said that tomorrow they will briefed on new rates of Iraq to dollars. We are in a good place so far as Iraq is concerned. So senior people are sequestered, and everyone else is being called in including security. Everyone is excited and on their toes because they are anticipating this happening today, tomorrow… this is right now, and the information can change in an hour. It changed five times yesterday! But we are ready to go right now.
3-23-2015 Intel Guru DC [via Adept1] Bottom line, it’s phenomenally good...it should have happened this weekend. But they didn’t send everyone home, they just pushed it back 24-36 hours. Everyone is still in place.... everyone is on the highest of high alerts because this is getting done. Iraq continues prep work, and it’s been public in the mosques. They have said there will be re-instatement or revaluation of their currency in the next day or two, and some have said Tuesday in the mosques. The rest of the cards were supposed to be activated for the general public at $3.91 by today; that has not happened. The rates are the same as we talked about last week. There have been announcements from the finance ministry and Dr. Abadi’s office that private sector will be activated on Tuesday.
3-23-2015 Newshound Guru Shredd I agree Saleh is on board for what is obvious to be Abadi's plan to economically move Iraq forward...it's crystal clear there must be solid protections for investor money before investment can come into iraq. the concerns around security will continue but that must be mitigated with assurances that investors aren't going to lose their butts. all the news we've seen over the last few months is pointing to that... investment insurance, fx protections, account balance protection and high returns will give comfort to investors risking their principal cash...this all plays into the "internationally accepted/recognized dinar"...
3-23-2015 Newshound Guru sczin11 They have stated they want full accession to the world trade organization...we see progress there, with a recent update on their web site... They have stated they want the dinar to be their sole currency...they are implementing changes to the economy and the private sector...they have upgraded their banking system, checks and balances, anti money laundering controls, counterfeiting preventions, electronic techniques, high security featured notes, etc... Judicial intervention is rampant...seeking to take down all involved in corruption, now and from the past...Many foreign companies are coming into iraq, opening consulates and embassies, bringing business, and offering loans and credit terms... International banks opening in iraq? Why? Do you have any idea of the cost, to set up a bank in a new, foreign location? Here is what we do know...we own the currency of a country... Not just any country, a country that is being sought after, defended, and guided, by most of the international world...To me that is very telling, i hope it is to you as well! [post 2 of 2]
3-23-2015 Newshound Guru sczin11 what to believe...and what not to believe! We read, we talk, we ponder, we dream...we hope to see progress...and every time we think we see motion in a positive direction, either it is debunked by something new, proven false, or seemingly un-confirmed! Case in point most recently... baghdad sends $420 million dollars to kurds...490 billion dinars...4-5 days later, $250 million dollars is stated...and implied, not even there yet... For some strange reason, it appears one hand doesn't know what the other is saying or doing...or on purpose, they choose to placate their people, and attempt to misguide the rest of the world... What we do know is very telling, however... They have a new government, one that believes in the democratic process, one that wants to show the world, the real iraq... The new iraq... The wealthy, powerful, sovereign, caring country in the middle east. [post 1 of 2....stay tuned]
3-23-2015 Intel Guru Bulldog75 GCR [Global Currency Reset] is around the corner. Watch gold and silver go to probable $5000 and $300 respectively along with the currency reset. Buckle up.
3-23-2015 Newshound Guru Millionday PARLIAMENT...MET TODAY [SUNDAY] AND KURDS HAVE ASKED TO HAVE SESSION MOVED TO MARCH 28TH...SHIA NEW YEAR -- SHIA CELEBRATE IT ALL AROUND THE WORLD... BUT THEY WILL CONTINUE WORKING THROUGH THE WEEK AS WELL... [will they be able to vote on anything without the kurds there?] I WOULD SAY THEY WOULD NOT -- BUT IT DEPENDS ON HOW MANY PEOPLE ARE THERE BY WHAT WE HAVE SEEN IN THE PAST. [do they need the kurds in house to pass an RV or can it happen when they are away...can swift action occur while they are celebrating their holiday?] CBI IS AN INDEPENDENT AND IT HAS THE POWER TO SET THE EXCHANGE RATE IN THE COUNTRY BY WHAT WE READ.
3-22-2015 Intel/Newshound Guru Poppy3 ...WHY WOULD A BANK NEED EMPLOYEES TO COME IN EARLY...THERE WILL BE NO RUN ON A BANK THERE ARE LESS THAN ONE PERCENT OF THE PEOPLE IN AMERICA EVEN KNOWS WHAT A DINAR IS MUCH LESS INVESTED. IT WILL NOT EVEN MATCH NUMBERS ON A NORMAL FRIDAY PAY DAY. I ALSO KNOW FROM A FORMER TREASURY CONTACT THERE WILL BE LESS THAN 5 PEOPLE IN AMERICA THAT WILL KNOW AHEAD OF TIME AND THEY WILL NOT KNOW TILL LESS THAN 30 MINS BEFORE IT WILL GO GLOBAL!
3-22-2015 Intel/Newshoud Guru tman23 3 parties in Kurdistan ...PUK..(Talibani)...KDP (Barzani)...Mustafa (Gorran)...Talibani and Barzani are speaking of independence from Baghdad...Mustafa party has a large say after last election in Kurd region...Mustafa is meeting NOW with Baghdad...So we wait and see what pressure he applies...Kurd leaders have had enough of Baghdad...The pressure is being applied by the Kurds!!
3-22-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced on Saturday the launch of the short message service sms to report the date of disbursement of pensions through the smart card..."the last and in coordination with the global smart card agreed with Zain Telecom..." THEY HAVE LAUNCHED THE ELECTRONIC INFORMATION TO INFORM OF BENEFITS OF RETIREMENT FOR SMART CARDS ...THEY ALSO WILL BE ABLE TO USE THIS CARD GLOBAL ACCORDING TO REPORTS.
3-22-2015 Newshound Guru sczin11 ALOT GOING ON, AND YET AT SAME TIME FEELS LIKE NOTHING IS HAPPENING... IT IS TOUGH TO STAY ENCOURAGED... BUT, IF YOU JUST LOOK AT ALL THE VARIOUS THINGS TAKING PLACE, IN ALL ASPECTS OF ECONOMIC AND MONETARY REFORM, IT IS VERY HARD NOT TO BE EXCITED AT THE PROGRESS WE CONTINUE TO SEE...
3-22-2015 Newshound Guru OOTW i'm hoping that they're working quickly on the census...the constitution states that there has to be a census done for art 140 - in re to distribution of oil payments to the kurds/citizens. I don't think it's a condition for monetary reform...it's a condition for the oil distribution payments.
3-22-2015 Intel/Newshound Guru Poppy3 ...I HAVE BEEN TOLD ON TWO OCCASIONS FROM THE BEST POSSIBLE HIGH RANKING SOURCES THAT IRAQ IS IN THE FINAL STAGES OF THE PROCESS OF BEING ON THE ECONOMIC GLOBAL STAGE ...THE LEADERS KNOW WHAT IS NEEDED AND THEY ARE GOING 110% TRYING TO GET TO THAT POINT. I AM RELAXED AND CONFIDENT IN OUR INVESTMENT.
3-22-2015 Newshound Guru Enorrste I don't see anything in this short article that indicates that the plan has been put on hold. Instead, I see that the IMF is pointing out that the street rate and official rate are separating; nothing more than that. This isn't news to the CBI. They are clearly aware of the situation. The solution, as I have stated before, is to move to a new exchange rate regime. Once that is done then the street rate and the offical rate become synonymous. Ninety days later, should they want to, Iraq could move to Article VIII of the IMF Charter. To conclude: this article is simply stating the facts: Iraq is not in compliance. It implies that the Parliamentary restrictions are the source of this lack of compliance and that something should be done to tell Parliament to "bug off." [post 2 of 2]
3-22-2015 Newshound Guru Enorrste Article: "IMF Staff Concludes the 2015 Article IV Mission for Iraq" Quote: "The foreign exchange market has remained stable in 2014 following steps taken by the CBI to liberalize it, and the parallel market spread had declined to 3.5 percent at the end of the year. However, the authorities should reconsider the caps on CBI foreign exchange sales and the collection of custom duties through commercial banks. These measures are effectively restricting the supply of foreign exchange to the Iraqi economy and have boosted the parallel market rates to record levels in the past weeks." I don't think the article is referring to the remittances...but only to the Parliament's illegal action to limit the CBI's ability to do its work. With respect to the overall impact of the Article IV consultation, I believe we should wait for more details and their official statement before we get riled up. [post 1 of 2....stay tuned]
3-22-2015 Newshound Guru Millionday Article quote: "Zubaidi said according to the statement of Ministers to the importance of "investing in Iraq, especially in the land, sea and air transport projects to serve the common interests of our Arab". ...THEY ANNOUNCED THIS WEEK THEY ARE READY TO RECEIVE ALL THE ARAB COMPANIES TO INVEST -- WHOOPOW. [would keeping the rate at 1166 give foreign countries more investing power?] NOT AT THE PRICES THEY HAVE SET -- AND THE LACK OF THE ABILITY TO JOIN THE MARKET ECONOMY... TO OPEN THE DOORS TO INVEST THE COMPANIES THAT ARE INVESTING WOULD ALSO LIKE TOURISM AND ALL SECTORS TO BE OPEN -- WITH NO MARKET ECONOMY THE ABILITY TO MAKE MONEY IS MINIMIZED WITH A GLOBAL ECONOMY AS WE ARE USED TO AND MANY IN THE GLOBE ARE AS WELL.
3-22-2015 Newshound Guru wmawhite What we do not have are the details of each event we are told about. However, most of what they want to do eventually requires the IQD to move back and forth electronically through the central bank system. Prime Minister Abadi has already told the world (when in Davos and Berlin) that Iraq is joining them on the world economic stage. That means that the IQD will have true value. Every week or so they tell us a little more. They are preparing to walk up onto that stage. ...remember that the revaluing/repricing of the IQD is only one of many, many events that need to happen for Iraq. To us, it is the only event. I believe that Abadi is going to do what is best for Iraq at the best time for Iraq. Not necessarily the best time for me. [post 2 of 2]
3-22-2015 Newshound Guru wmawhite [Do you have an opinion on the ISX Glitch.. Feed error? Or maybe not?] It is difficult for me to believe such a large % change is an error in the state of the art trading system they the ISX just put into operation. [what is the hold up with rv any ideas?] I do not believe there is any hold up with the re pricing of the IQD. To say there is a hold up implies that we know their schedule. However, we do not know their schedule so we do not know that there is a hold up. We know what is going on...they continue to tell us every few days. We were told two weeks ago that the green light was given to process with the "project". Prime Minister Abadi told us last week that he is activating the private sector. [post 1 of 2....stay tuned]
3-22-2015 Newshound Guru sczin11 THIS WEEK IN REVIEW...IMF REPORTS 2015 CONSULTATION...WTO REPORTS REVISION 9...ISX SHOWS EITHER A MAJOR GLITCH, STILL NOT CORRECTED, OR A TREMENDOUS INFLUX OF MONEY, A FEW DAYS AFTER REPORTING A COMPLETE WITHDRAWAL OF INVESTMENT MONEY, THE WORST THEY HAVE SEEN IN A LONG WHILE, IF EVER...CBI SAYS DINAR IS FINE, DON'T WORRY ABOUT WHAT YOU SEE...WILL ALL BE CORRECTED IN A FEW DAYS...MONEY, AND A NICE CHUNK, WAS SENT BY BAGHDAD TO THE KURDS...LOTS OF TALK ABOUT TIKRIT BEING TAKEN BACK BY IRAQ....MAJOR BONDS BEING OFFERED TO PAY OFF OIL COMPANY DEBTS... INVESTMENT LAW AMENDMENTS BEING TALKED ABOUT AGAIN...LOTS TO BE ENCOURAGED ABOUT...YET WE STILL WAIT, AND SEE...
3-22-2015 Intel Guru EXOGEN NOBODY IN IQD LAND KNOWS THE DATE OR THE RATE...HOWEVER...THE INTEL TODAY IS ON STEROIDS. I WILL TELL YOU THIS THE NUMBERS GURUS ARE THROWING AROUND HAVE BEEN ACTUALLY SPOTTED AND ARE NOT MAKE BELIEVE.
3-21-2015 Newshound Guru sczin11 IT IS NOT ABOUT HOPE...IT IS ABOUT WHEN? WE ARE DEALING WITH THE CURRENCY OF ONE OF THE WEALTHIEST COUNTRIES IN THE WORLD, IF NOT THE WEALTHIEST...WHARE TRYING DESPERATELY HARD, DILIGENTLY, AND METICULOUSLY, TO REBUILD THEIR INFRASTRUCTURE, REGAIN CONFIDENCE OF THEIR PEOPLE, AND LURE IN THE FOREIGN INVESTOR...ALL AT THE SAME TIME AS KEEPING PEACE, MAKING AMENDS, AND SUPPORTING THEIR BROTHERLY NEIGHBORS!!
3-21-2015 Intel Guru Mnt Goat ...they have begun to rollout the new rate of $3.91 to the provinces but not yet to the international arena. All the mechanisms to do so are implemented, even the banks have the new rates and are live (but you need exchange codes to conduct transactions) but until the new rates flow to the international money markets and exchanges, the money spigot is not yet opened entirely to the rest of the world. This is what we need. [post 3 of 3]
3-21-2015 Intel Guru Mnt Goat ...the IMF said...the IQD would come out at least equal to the value of $1.00 USD. The IMF needed a stable currency. They would not RV until it could be valued at least to $1.00. This is all they were saying. Then in being questioned by the news media in 2010, Dr Shabibi even said the dinar could sustain a value up to $16.00. Why would he say announce this to the world if he intended to come out with initial value of 1166 or 40 cents or even $1.00? The rate upon going international is going to be way over $3.00 ($3.91+). [post 2 of 3....stay tuned]
3-21-2015 Intel Guru Mnt Goat ...the RV rollout has begun...The major obstacle is ISIS as it is slowing down the rollout more than was in the original plan. But be assured it is occurring. Some...are still...talking about the IQD rate coming out at the provisional or program rate (around 1166). This is of course foolish... First we know for a fact that Iraq is already paying out on Qi cards the adjusted rate of $3.91. This is a converted rate from their 1166 program rate to USD. Second if the rate was to come out so low...the hedge funds and money managers would come in and gobble up trillions worth literally within hours...and drive up the value very quickly in doing so. [post 1 of 3....stay tuned]
3-21-2015 Intel Guru Jester [what is going on with the Kurds and Baghdad...have you heard anything new there?] I AM TOLD IT IS ALL WORKED OUT...WE WILL SEE...I AM TOLD THEY ARE PAID AND WAITING SAME AS US...OTHERS SAY THEY ARE TICKED...AND IF THAT IS TRUE THEN WHY NOT? THEY WILL LIKE TO BE PAID TODAY SAME AS YOU.
3-21-2015 Newshound/Intel Guru Bluedog Article quote: "The United Nations expressed, on Saturday, welcomed the announcement by the Iraqi government to send $ 420 million to the Kurdistan region, calling on both parties to proceed with the implementation of the oil agreement." IMO...JUST STALLING WAITING FOR THE COMING RATE...COULD IT BE WAITING FOR THE LAST DAASH (ISIS) OR WHATEVER...ALL TERROR... KILLED...? NO...THERE WILL ALWAYS BE CONFLICT AND TERRORIST IN THE MIDDLE EAST...BUT AS SOON AS THE NEW RATE GOES FORTH...THINGS WILL CALM WAY DOWN AS IN KUWAIT AND DUBIA WHERE FOLKS SHARE IN THE COUNTRIES RICHES AND BETTER BUYING POWER.
3-21-2015 Newshound Guru Millionday [do we know what happened with the ISX yesterday? any solid information on why it jumped so high?] NO IT IS STILL ON THERE. Quote: "Close price index ISX 60 in the Sunday session on 15/3/2015 (879.180 points)...] SO AS WE SEE -- THEY STATE HERE THAT THEY CLOSED THE PRICE INDEX ISX 60 -- ON SUNDAY THE 15TH OF MARCH. Quote: "The market value for the current week 8.906 trillion dinars. Compared with the market value last week's 7.981 trillion dinars, an increase of 11%." I HAVE TO SAY AS WELL...KNOW THAT AN INCREASE OF 11% DOES NOT SEEM TO MANY TO BE BAD NEWS EVEN THOUGH IT IS NOT 1100%+ --- THAT IS HUGE AMOUNT IN MY OPINION ONLY.
3-21-2015 Newshound Guru Breitling There's one guy out there who's pretty smart…he talked about the dinar will never revalue because they have 30 Trillion dinar out there. That's true. But I've always said that. The clues are you HAVE to believe they are going to reduce the note count…so there is not 30 trillion anymore, they lowered it. For some reason they never listened to Dr. Shabibi who was the governor of the CBI talking about 'we're going to reduce the note count by 70% and add value to it.' That's where the rate justification report came in…but it's based on a certain note count. They want to add value to the currency…when is it going to happen? That's the question… [Post 2 of 2...See Breitling's update on 3-20-2015 for more info about note count]
3-21-2015 Newshound Guru sczin11 THE WTO HAS AN...UPDATE ON ACCESSION OF IRAQ TO WORLD TRADE ORGANIZATION. LOOKS LIKE WE ARE ON REVISION 9, AS OPPOSED TO LAST JULY REVISION 8. [wont the rv happen b4 the wto?] WTO NEEDS RV, RV DOESNT NEED WTO//SO YES U R CORRECT. ...THE MERE FACT THERE IS AN UPDATE TODAY...MEANS WHAT? SOMETHING IS HAPPENING.
3-21-2015 Newshound Guru Breitling ...people are saying "you're not posting as much…if you think it's not going to revalue or it's going to be a little bit down the road say something." People are starting to panic a little bit…It has nothing to do with that [Breitling's Dad got very sick in November, spent a lot of time with him and recently passed :( ] …I'm very very motivated and have more confidence in this investment more than ever…There's nothing I'm seeing that there's cracks in this or anything like that it's completely the opposite…it's [the dinar] is recognized by the IMF. Period end of story. Their definition of internationally recognized is it's supply X velocity…how much is it used. It's ALREADY "official" but they have to add purchasing power to it so people will use it. They can't have a currency that's worth a 10th of a penny and they say 'hey you should use our currency.' That's not going to work… [Post 1 of 2 stay tuned for the rest of the story]
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