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10-13-2015 Poll will end today...last day to have your voice heard. With tensions rising between the Russia, US, and Britain...will Russia's new influence and military deployment in the region RUIN or AID the chances for an increase in the Iraqi Dinar? Voice your opinion above now...
10-13-2015 Intel/Newshound Guru tman23 They have painted themselves into a corner...The issue now is not the money that has been wasted but rather the TIME...Iraqi's have idea how valuable time is...BUT IN THE NEXT 20 DAYS THEY ARE ABOUT TO GET A CRASH COURSE IF THEY DO NOT GET THE FED COURT ACT AND INVESTMENT LAW TO VOTE.
10-13-2015 Newshound Guru firefly Relax, the Dinar opera is coming to an end! Really. [ok when?] please don't ask me dates or rates...Just know it's coming.
10-13-2015 Intel/Newshound Guru Poppy3 ALWAYS SAID BONDS WHERE NOT GOING TO SELL? NO ONE WILL BUY A INTERNATIONAL BOND THAT CANT BE TRADED EVEN THEY SHOWED THEM WITH A HUGE RATE ON THEM. BOND SALE WERE NEVER A POSITIVE FOR THE NEW RATE OF THE DINAR. THEM NOT SELLING IS IN OUR FAVOR.
10-13-2015 Newshound Guru Aggiedad77 "It ain't over until it's over"....so true for Iraq...they stand hip deep in issues...they gather the wagons surrounded by bad guys...bad guys from the outside (terrorists) and bad guys from within (corrupt officials)... But they have someone who can save the day...one who has the expertise and where with all to change the course of things through his skill set and expertise...make it so...if Dr. S [Shabibi] who has silently stepped onto the playing field, an unexpected substitution of sorts for keywords...if he were to pinch hit in such a capacity that he is so well known for..."taking care of business"... I would suggest you watch for this...NATURAL...to step to the plate in the very near future...for I believe the destiny of Iraq will ride in his hands...His effort will connect Iraq to the rest of the world in a way no one expected...with an outcome for all who had the patience that was unbelievable...Dr. S is in control and the outcome will be monumental.
10-13-2015 Newshound Guru Kaperoni Parliament: "The meeting's agenda number (29) Wednesday 14 October 2015 ...The third parliamentary session..." They continue to get a lot of laws to a second reading. I still believe they will then pass them all at once in a basket.
10-13-2015 Newshound Guru Millionday [Do you think with IMF or WB not giving the loan.. Iraq and US will be forced to pull the trigger...?] THE WORLD BANK AGREED YESTERDAY TO GIVE IRAQ ASSISTANCE FOR DEVELOPMENT ETC. MANY HAVE HAD A HARD TIME WITH A "NO FOR A LOAN" FROM THE WORLD BANK BUT -- THEY AGREED TO ASSIST THEM WITH FUNDING GRANTS -- THIS IS BETTER. KNOW THE MANY THINGS THAT THE WORLD BANK WILL ASSIST WITH AS WELL --- CBI IS OVER BANKS NOW AND THEY ARE ACTIVELY HEAD OF THE BANKING REFORM...SO HELP FROM THE WORLD BANK IS HUGE.
10-13-2015 Newshound Guru wmawhite ...at any one time there are hundreds of bonds being marketed by countries. If Iraq wanted to up the interest there would have been buyer. Good for them choosing to pull the bonds. Remember, a bonds is the same as a loan...the issuer of the bond is borrowing money and if someone doesn't want to loan you money is not an indication they do not want to invest in you. Instead, it is a business decision on their part.
10-13-2015 Newshound Guru Millionday [smart cards being used?] SMART CARDS ARE BEING DELIVERED AND THEY ARE WAITING FOR LOADING. MANY HAVE THEM IN HAND.
10-13-2015 Intel Guru Hub there is not insufficient investment interest, there is no intrest in worthless bonds...they need to come up with a value to their currency for people to want to invest in the richest oil country in the world. why would iraq need to sell bonds or borrow money to support their budget. the imf told them no way, stand on your...feet...
10-13-2015 Newshound Guru firefly Article quote: "Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high..." Who the heck would buy International Bonds at 1085...Not going to happen! The World Bank said in July it would provide Iraq with loans totaling $1.7 billion, while the International Monetary Fund agreed this year on an $833 million loan program. I would rather see the WB, IMF and UN GUIDING the Government than giving them money! IMO the loans are history.
10-13-2015 Newshound Guru mike Article: "Saleh supports the non-issuance of international bonds" Saleh was all for the bonds until he found out what the rate was going to be, since then, not so much. Who can blame them? Here's hoping they're in a corner and realize they need to get their economy opened up and the dinar with some value.
10-13-2015 Newshound/Intel Guru ??? Next guru update coming shortly...in the mean time vote in the new poll above. Today is the last day to have your voice heard. Also get caught up on yesterday's posts below.
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10-12-2015 Newshound Guru Millionday [...is there something else they need to get done?] IN GOVERNMENT TERMS THEY ARE GETTING THINGS DONE IN LIGHTENING SPEED. IMO -- THEY NEED TO ENACT LAWS AND ACTIVATE ALL REFORMS AS ONE. [ Does that affect RV?] IT IMPACTS THE ENTIRE PREPARATION FOR THE NEW IRAQ IMO --- THE FEDERAL COURT BEING SO CLOSE TO DONE IS HUGE IN THE DEMOCRATIC POSITION IRAQ HAS TAKEN AND ALSO THE NATIONAL RECONCILIATION.
10-12-2015 Newshound Guru mike Article: "Central Bank extends the sale of bonds for the benefit of the Ministry of Finance one month" Isn't this the second or third time they've extended this "offer" to the Iraqi people? It don't look to me like there's very much interest in the domestic bonds either.
10-12-2015 Intel/Newshound Guru Mnt Goat I believe when we see the accountability and justice law we will see these corrupt government officials be prosecuted at all levels and at warp speed. These trials should not take long since in most cases the evidence is overwhelming. I also believe this will lead to less disruption in getting the remainder of the needed reforms completed and thus a window for an RV. It is all going to come to a beautiful conclusion all of a sudden and shortly. [post 2 of 2]
10-12-2015 Intel/Newshound Guru Mnt Goat I will say I believe we may be heading for another good opportunity for a window to RV coming up in the later part of October/early November if all goes well accordingly...IF, and only IF Iraq can accomplish their goals they will be inline to RV. We simply had to wait for the events to unfold that are required to bring the political stability, physical security and the economic stability needed for this RV event to occur. The pressure is on the Abadi government to set a timeframe and not let this go on forever, which seems to be the case sometimes. [post 1 of 2....stay tuned]
10-12-2015 Intel Guru Jester I WAS LIKING TO TELL YOU THAT SOMETHING IS HAPPENING ON THE GROUND IN IRAQ... SOME ANNOUNCEMENTS IN THE MOSQUES AND THE TV AND STUFF REGARDING IMPENDING REFORMS... IT IS NOT GOING TO BE WHAT YOU ARE LOOKING...IT IS STILL ALL ABOUT THE BIG PICTURE FOLKS... KEEP WATCHING AND STAY TUNED... IT IS ABOUT TO GET BETTER.
10-12-2015 Newshound Guru firefly NOBODY GOT PAID EARLY! Where do banks get their rate from? Unless their is an EXCHANGE RATE THAT IS LIVE, no banks have rates...period....end of story. The rate will have to travel through several time zones before it goes live.
10-12-2015 Newshound Guru Kaperoni Article quote: "Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high." The real truth is nobody wanted them.
10-12-2015 Newshound Guru mike [new Guru] Article quote: "...Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high." This is no surprise, the 11+% rate for the sovereign bonds is astronomical, it's 3% higher than Greece's. So, the WB told them no to a loan, the domestic bonds were slow and now they're cancelling the sovereign bond project, where is Iraq going to get the needed capital to avoid further erosion of the CBI's reserves? I hope they have a plan, otherwise it's going to be a slow painful decline for the economy, dinar and Iraq.
10-12-2015 Newshound Guru Kaperoni Article: “US Treasury commends the financial administration in Iraq” Why would the treasury be talking to Iraq about Iraq's relations with international institutions and the global financial markets unless they were planning to engage with them? Good to see Iraq meeting transparency standards also. We all know it will happen. Just when is the question.
10-12-2015 Newshound Guru Millionday Article quote “…the implementation of the reform professionalism and rigor and seriousness to achieve real and meaningful results measures reflected immediately on the economy and the citizen and the future of the country…” THE PROCESS OF ECONOMIC REFORM IS VERY IMPORTANT WITH EVERY STEP FOR SUCCESS. THE STEPS OF REFORM WILL IMPACT THE CITIZENS AND COUNTRY RIGHT AWAY -- THERE IS NO ROOM FOR HOLD UPS OF ANY PART OF THE PROCESS. THEY ARE ALL PREPARED AND THE COUNTRY IS IN WAITING MODE FOR THE REFORMS AND ALL THE ECONOMIC REFORMS WILL BRING... THE REFORMS BEING ACTIVATED WILL CHANGE THE ENTIRE HISTORY OF IRAQ -- THEY WANT ALL OF THESE CHANGES IN HISTORY TO BE GOOD ONES.
10-11-2015 Newshound Guru firefly Quote: "Finance Committee hosted a meeting on Sunday 4/10/2015...to discuss and exchange views on the 2016 budget...and the implementation of the 2015 budget, income and expenditure and the commitment of the Ministry of Finance to raise the budget in time timings specified in the Financial Management Act." the implementation of the 2015 budget, HUGE! This is NOT just an internet article...This comes from PARLIAMENT. Remember where all the money is! Remember the financial crisis!
10-11-2015 Intel/Newshound Guru Poppy3 WATCHING THE FINANCIAL MOVEMENTS THEY HAVE ACCOMPLISHED OVER THE LAST FEW WEEKS AND EVEN MONTHS HAS SHOWN THEY ARE USING EVERY STRATEGY TO COMPLETE THEIR PROCESS FOR COMPLETE FINANCIAL REFORM. SEEMS EVERYTHING IS IN PREPARATION FOR THE NEW IRAQ. REMOVING DEBT STEP BY STEP ONLY ENHANCING OUR POSSIBILITIES.
10-11-2015 Intel/Newshound Guru Backdoc THE VALUE OF THE DONG WILL BE BALANCED VERY NICELY WITH TRADE. SINCE 80% OF THE TRADE CONTRACTS ARE AGREED TO BE SETTLED IN DOLLARS, CONTROLLING THEIR NOTE COUNT SHOULD BE EASY! WE DON'T GIVE DATES OF COURSE BUT WE ARE ECSTATIC ABOUT WHAT WILL BE REALITY IN VIETNAM! IMO.
10-11-2015 Newshound Guru tlm724 Article: "World Bank refuses to give Iraq a loan of six billion dollars" no huge bailout for Iraq...it is time Iraq stood on it's own and take responsibility for themselves! Iraq needs a loan of six billion dollars to cover his inability...this crisis and austerity program could have been avoided! if the World Bank keeps bailing them out then they will never impose taxes, privatize etc... I think it's good that they said no to the 6 billion dollars.
10-11-2015 Newshound Guru Millionday Article quote: "Imad emirate called economic academic d. Rahim Hassouni to develop (the Federal Council for Oil and Gas) for his contribution in the development of Iraqi oil policy..." HASSOUNI HAS BEEN ASKED TO FORM FEDERAL COUNCIL FOR THE HCL TO BE MONITORED ETC...THE ADDITION OF THIS FEDERAL COUNCIL IS TO PLACE OIL PRODUCTION OF IRAQ WITHIN ALL GUIDELINES -- INTERNATIONAL AND REGION... THE DUTIES ARE FOR OIL PRODUCTION AND PRODUCTS FOR THE MARKET WITHIN INTERNATIONAL COMPLIANCE. THIS INCLUDES BUDGETED REQUIREMENTS FOR THIS YEAR`S BUDGET. THE BUDGET FOR THIS YEAR (2015) HAS INTERNATIONAL OBLIGATIONS WITHIN.
10-11-2015 Newshound Guru wmawhite IMO, not one individual item/event will give us what we are waiting on...instead, there are a series of laws, financial initiatives that are setting up the foundation that will bring the new IQD to the world stage. Here is another little tidbit...look at the list of notes and coins for the IQD on the CBI website. As you look at those notes and coins you can see into the past and into the future. Those large notes tell the story since 2003 up through today. Those smaller notes and coins are an indication of what the plans are for the IQD in the future. The only way those smaller notes and coins will be useful in the market place is when the cost of goods are low enough for the consumer and merchant is use...and the only way those goods will be reduced in price is when the IQD is significantly more valuable outside the country.
10-11-2015 Intel/Newshound Guru Backdoc IRAQ IS RUNNING A 400 METER RACE, WHICH IS ONCE AROUND THE TRACK! BEFORE THEY CROSS THE FINISH LINE THEY ARE FEELING THE PAIN AND THEY WILL BE FORCED TO LEAN OVER THE LINE! THEIR OXYGEN LEVEL HAS TO BE DROPPING! GETTER DONE BOYS!
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