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9-4-2015 Newshound Guru Millionday THEY ARE WORKING TO ESTABLISH INDEPENDENT BANKING POLICIES...MOVING FORWARD DUE TO THE NEED OF THE PRIVATE SECTOR ACTIVATION AND ALSO THE LAWS ON MONEY LAUNDERING AND FRAUD ETC ARE ALSO BEING PUT IN PLACE -- THIS ALL WORKS TOGETHER... THE INTERNATIONAL COMPLIANCE THAT COMES INTO PLAY ALONG WITH INTERNATIONAL LAWS THAT PROTECT INTERNATIONAL BANKING AND TAXATION ...IT ALL WORKS TOGETHER . THE GUARANTEES ARE IN PLACE AND THEY ARE FREELY DISCUSSING IRAQI BANKS ABROAD... CONFIDENCE IN THE LEGAL SYSTEM AND ALSO THE INTERNATIONAL COMPLIANCE AND GROWTH THAT WILL COME FROM INTERNATIONAL BANKING... ALL GREAT TO SEE FOR THE BANKING REFORM – NICE.
9-3-2015 Newshound Guru Breitling ...right now if you look how much dinar they have taken off the market and the way the economy is growing based on the past and how they have framed up the currency based on market rates, you're looking at between .42 and .52 cents right now. That is where it should be if they pulled the trigger today. Remember, that's manipulated. That's because of the amount of notes they have on the market. I'm not saying they are going to come out at the range…that's what we calculated. that's the value that we are looking at. We are all at the mercy of the CBI. We have to wait to see what's going on. [Post 2 of 2 ]
9-3-2015 Newshound Guru Millionday Article quote: “...Sheikh Hamoudi, the need for the completion of the Investment Law and approval as soon as the activation of its importance in the national economy and promote development wheel...” THERE ARE TEN LAWS IN PARLIAMENT FOR THE ECONOMIC REFORM... SO OBVIOUSLY THIS SEEMS TO BE WORTH THE WAIT --- THIS IS ALL ANNOUNCED TO THE CITIZENS.
9-3-2015 Intel Guru Frank26 Article: "Re-investigation in the case of Dr. Shabibi with the CBI." That’s false…nobody is investigating Dr. S...It’s the judges who are being investigated because they took a payola from Maliki who stole everything. He’s coming back to the Central Bank of Iraq. What is he going to do when he comes back? He’s going to fix the mess in the CBI. Dr. S and A [Abadi] want the MR to flow but it has to be done correctly. Dr. Shabibi said when he left – GIVE ME STABILITY. In order to see that date you want so badly. The MR [Monetary Reform] is no where complete. No dates. We’re not ready though a lot of the things are done. The MR is active, moving, constructive, amazing...but he will come back to clean up the mess.
9-3-2015 Newshound Guru Millionday Article quote: "We are following the reforms of the judiciary and its importance," noting that "the Federal Court Act based system Federal.” THE FEDERAL COURT ACT WE READ WAS IN PARLIAMENT... THEY HAVE REACHED A POINT THAT WILL ALLOW THE VOTE OF THE VERY IMPORTANT FEDERAL COURT ACT SO THE REFORM MAY MOVE FORWARD. SO THE ISSUE THAT WAS IN THE WAY IS NOW REPORTED TO BE RESOLVED -- MORE GOOD NEWS. THEY DID NOT HAVE ENOUGH TO REACH QUORUM UNTIL CHANGES WERE MADE SO NOW THEY FEEL AS THOUGH IT WILL REACH VOTE.
9-3-2015 Newshound/Intel Guru BGG [Do we know when Allaqs term is up at the CBI ? sept 8th or is it in Oct ?] He is a "proxy appointment" so he will be gone when he is replaced. Not until... [I thought alak was appointed official by ink or am i wrong?] he is a "proxy" appointee - (by Maliki) and not an entirely legit appointment at that...they need a legitimate CBI Gov soon.
9-3-2015 Newshound Guru Breitling They are selling the bonds for US dollars and they are going to put them in their foreign currency reserve. They are not using the bonds to take out dinar they are using the bond to take out dollars…those US dollars will not be in the Iraqi economy to compete against the dinar… I don't see anything in Iraq pushing or delaying the value of the dinar going up…they are going to float it up little bit by little bit…it's a 2 year time frame. [Post 1 of 2 stay tuned for the rest of the story]
9-3-2015 Newshound Guru firefly Article quote: "Obeidi said in a special statement to the Agency information that "reducing the central bank sales of the dollar and make it in the field need the truth to the citizens as well as international bonds to be issued by the central bank and the $ ten million dollars will provide Iraq's hard currency and thus will protect the Iraqi dinar from fluctuations in the currency." So now they are talking INTERNATIONAL BONDS? WOULD NOT SURPRISE ME IN THE LEAST IF THEY BYPASSED THE SOVEREIGN ENTIRELY.
9-3-2015 Newshound Guru Millionday Article quote: "reducing the central bank sales of the dollar and make it in the field need the truth to the citizens as well as international bonds to be issued by the central bank and the $ ten million dollars will provide Iraq's hard currency and thus will protect the Iraqi dinar from fluctuations in the currency." THE CONFIDENCE IN THE DINAR IS OBVIOUS AND THEY HAVE CONFIDENCE IN THE RESULTS FROM THE BOND SALES...THEY WILL BE HERE IN THE US MONDAY DISCUSSING/ PROMOTING... CBI GOVERNOR WILL BE HERE MONDAY AS WELL. [The bonds...doesn't the dinar need to be revalued first?] THE BONDS THEY ARE DISCUSSING ARE BACKED BY THE DINAR SO IMO THE BEST IDEA WOULD TO HAVE A CALCULATED REALITY VALUE FOR THE DINAR BUT WE HAVE TO WAIT FOR THE INK.
9-3-2015 Newshound Guru Adam Montana [The in-country bonds have been postponed to the end of September. Can the RV still happen? Also, the bonds will be purchased in Dinars but redeemed in USD. What do you make of this?] 1. YES 2. YES 3. ...in my opinion, it doesn't matter.
9-3-2015 Newshound/Intel Guru BGG [Have you heard any more about M [Maliki] fleeing into Iran a day or so ago?] I did hear about that - but not for sure if it is accurate. Could easily just be "noise" in the media... however, if he thinks this will go badly for him - he will ROLL. ...bank on it - he will never face a trial in Iraq (willingly).
9-3-2015 Intel/Newshound Guru tman23 Emerging market bonds have been taking a beating last few weeks... NOBODY WANTS TO TOUCH THEM NOW! Good luck Iraq! Canada announced it is officially in a recession... China stock market is taking a whooping and chaos is in the streets... Japan market is taking a beating... US market lost close to 470 today... And as I was told... the money will move after the post 2015 summit...Summit starts the 14th... The amount to be invested in world infrastructure is being raised from billions to trillions... None of this is made up ...it is financial world economic facts... live and in print.... That said... hopefully they plan on IQD manipulation in our speculative favor.
9-3-2015 Intel Guru Mnt Goat ...not only is the CBI making an effort to prevent money laundering but now we see the GOI (under Abadi’s direction) finally stepping it up and going after the culprits...beginning the effort to clean up the CBI and its corruption as part of his phase III reforms. I personally do not think that ANY one event is “holding up” the revaluation process but simply Iraq it not yet ready. When will they be ready? WHEN EVERYTHING IS IN PLACE AND THEY (IRAQ, UN and USA) FEEL COMFORTABLE WITH THEIR SITUATION!
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9-2-2015 Newshound Guru Kaperoni It all comes down to parliament and laws. When they get around to passing these important laws for investors they will begin to create a market economy. And hopefully, the dinar will rise as a result.
9-2-2015 Newshound/Intel Guru BGG The rats are lining up on one side - Abadi on the other, I think Mahmoud will be crushed before this is over...Sistani has great influence with the PMU's also. I don’t think Ameri (or Mahmoud) will win this fight. The political corruption MUST END - the WB/IMF is INSISTENT - and these jokers just can't manage to leave the trough. They (Allawi - Maliki - Mutlaq and others) are clearly showing themselves as defending their corrupt way of life. I do think Abadi will work with Parliament to get this solved. He is OBVIOUSLY serious about dealing with their corrupt issues.
9-2-2015 Newshound Guru Adam Montana [What are the second and third most important laws after the HCL? Must these also be passed before an RV? Also...do they have to open the 2015 budget in order to RV?] I'm not going to over-complicate it at this time. "General progress" is the 2nd most important thing after the HCL. Regarding the budget, nope. The budget is a moving target that will change drastically once they RV, so I have never put much emphasis on the budget.
9-2-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Economy: There is no fear on the Iraqi currency and the balance in 2016 is still the financial" According to the Economic Committee the Iraqi currency remains strong at this point and that includes any prep work for the 2016 budget as well...part of the strength associated with the currency at this time is that manipulators will not be tolerated and they are being watched for very closely...good news for the IQD at this point in time.
9-2-2015 Intel/Newshound Guru tman23 ...export countries benefit from a lower valued currency... Iraq imports 95% of it's goods...countries that depend on imports benefit with a higher valued currency for more purchasing power... [Is Iraq not exporting oil?] Oil exports are paid in petro dollars... this has been the global standard for years!
9-2-2015 Newshound Guru Adam Montana I have good news and bad news today. The bad news first - no HCL, no RV. Sorry. The good news is...Look for the headlines on ISIS and turmoil in Iraq. You aren't seeing many, are you? That's right! Because things are actually going VERY well over there right now, and this is exactly the situation we want to be in before the HCL is passed and they can successfully make a big change to the value of their currency. Although I am cautiously optimistic, this looks to me like the "quiet before the storm". Let's go, Iraq! Time to get this show on the road!
9-2-2015 Newshound Guru Memphis 3) ...the purpose, the intent, for this rather long multi leg trip with a considerable entourage in tow is to do WHAT exactly? To issue debt that will be on offering externally "in the global financial market". Taking all if the above, it seems at least remotely possible that Iraq is about to do more than just "talk about the process" and is in reality actually selling these bonds next week (signatures) in the "global financial market" that is located where exactly? NY and London. I see real intent here as a real possibility...that the dinar needs a change in status to allow ALL of the above? [post 2 of 2]
9-2-2015 Newshound Guru Memphis "A delegation [of] senior government officials and experts [is] scheduled to travel to the United States and Britain next week to discuss the issue of Iraq sovereign bonds. The delegation will include [the] Governor of the Central Bank, [various] government officials [most notably the] ministers of the [departments of] oil and finance and consultants and experts in economic and financial affairs. ...discuss the process of issuing sovereign government bonds in the global financial market." A few things we can conclude from this with confidence: 1) They will be traveling to the two key money centers of the world. 2) The names listed for this trip are at the top of the food chain for Iraqi finance. [post 1 of 2....stay tuned]
9-2-2015 Intel/Newshound Guru tman23 Kurdistan declares equipping citizens with electricity around the clock... "The statement added that the meeting decided to increase the electricity rate that prepare citizens in the region to twice during September, adding that as of the first day of September to 15, electricity will be 21 to 22 hours a day, and from 15 of September will be 24 hours" AMAZING, JUST ABSOLUTELY AMAZING! Protests and uprisings against the government and in less than 30 days...24 hr a day electricity will be turned on. So what was the problem before this...Not enough fuel to run generators? Not enough money to buy fuel? Amazing...
9-2-2015 Newshound Guru firefly IMO IT'S TIME! And STOP looking for dates and windows...Like I've been saying, they have ONE shot to get it right, it's all about timing!
9-2-2015 Newshound Guru Chattels Article quote: "change the Chief Justice Medhat al-Mahmoud is through legislation of the Federal Court Act..." It appears from the foregoing that even if the Federal Court Act is passed that Medhat would have six more months to serve UNLESS he resigns of course.
9-2-2015 Newsound/Intel Guru BGG Article quote: "Dozens of people demonstrated on Monday in front of the Supreme Judicial Council building in Baghdad to demand the resignation of President of the Council Medhat al-Mahmoud..." ...once Medhat al-Mahmoud is gone - Maliki has ZERO fall back position. ...these protests asking for Medhat's removal are a big deal...
9-1-2015 Newshound Guru Kaperoni So, IMO this is going to be gradual just as the IMF stated. It also confirms there is no LOP (which would be an entire replacement at the same time over a short period of time). You also would not need to reduce the note count first if your going to LOP, you simply introduce the new denominations. So, if they reduce the physical note count from 4 billion to around a 1.5 billion, they can substantial consolidate the physical Iraqi dinar. Though it does not reduce the money supply, it may make it much easier for them to transition to smaller denominations once the float begins (ie 50, 100, 200 early 2017). I guess we wait and see. [post 2 of 2]
9-1-2015 Newshound Guru Kaperoni Raising the value gradually does chop the zeros off the exchange rate...just not overnight. There is no chance of the dinar ever appreciating to a 1 to $1 rate overnight (RV)...it's not mathematically possible with around 32 trillion dinar or more in circulation. Not to mention, the CBI has never mentioned one time about introducing an entire set of new bills (ie fils, 1, 5, 10, 20, 50, 100) at one time. In fact, all we have ever seen is the mention of a few notes and several years to complete. And most recently, it was stated that the 50, 100, and 200 would come out around the first of 2017. [post 1 of 2....stay tuned]
9-1-2015 Newshound Guru Millionday ...THE CURRENCY NOT BEING WORTH THE PAPER IT IS PRINTED ON...THAT IS NO JOKE -- THEY HAVE TO EXPAND TO THE CONSTITUTIONALLY PROMISED MARKET ECONOMY AND LOGIC AND WORLD ECONOMICS TELLS US THAT REQUIRES A GLOBAL PRICING INDEX CALCULATION -- I SEE NO WAY AROUND IT...
9-1-2015 Intel/Newshound Guru Backdoc WE’VE BEEN WATCHING WITH GREAT EXCITEMENT AS THE SECOND REFORM PACKAGE PASSED. WITH THE KEY REMAINING LAWS SLATED TO BE PICKED OFF LIKE A SNIPER ONE BY ONE, THE MOMENTUM IS BEGINNING TO BUILD. OF COURSE THE KEY LAW TO RECONCILIATION IS THE NATIONAL GUARD LAW... WITH ALL 3 TRIBES ESSENTIALLY BEING ABLE TO PROTECT THEIR OWN TURF, REAL PROGRESS WILL GO UNABATED. THE REAL ISSUE IN IRAQ IS MOSTLY TIMING AS THEY BEGIN TO SPREAD THE REMAINING PROCESS OUT!
9-1-2015 Newshound/Intel Guru BGG "Iraqi Prime Minister Haidar Al-Abbadi, a heavy legacy of corruption and corrupt people piled up during the reign of his predecessor, Nouri al-Maliki, making way for reforms is filled with obstacles and mines." "Al-Ibadi form special committees to open files of the Central Bank, Sinan Al-Shabibi sacked former County, and marred by charges of him by mafia corruption that dominated in that period." WOW - that's some good stuff there!! That seems - while mentioning the CBI - that it is more about a "broad based" corruption probe. Nice that it points out "looking into the Shabibi accusations"... GREAT!! the reason being - it is the very CORE of why we are still here. fix that - this thing is over. [How long after M is gone will it be before an RV will take place?] Iraq needs value BAD!! it can be quick.
9-1-2015 Intel Guru Hub ...they said they wanted to develop the social sections of the economy in the next 4 years this is about right...but for a country like iraq to only see a 50% increase in the next 15 years is a very slow growth with their resources, then they want to have experts come in to help set up the infrastructures for iraq, now how in the world will 1166 to 1 currency entice any growth or any experts to come to iraq to straighten them out. ...with out a tradable, non-exotic recognized currency none of this will be accomplished. as far as if it is a economy growth or isx, i am not sure...but to obtain 50% in 15 years with oil, gold, ag, and all the other stuff seems to be very conservative...they need to get off high center and get after it. ...the simplistic economy lesson is how much does it take to by a coke. in us dollars we take $1.50, canada 1.70, in mexico 15 pesos, in iraq 100 dinar so the answer is ok go to the bank or store or dairy queen and buy a coke with dinar...nope, wont work, so this is the dilemma for iraq...make your money worth something.
9-1-2015 Newshound Guru Millionday [HOW LONG DO YOU THINK IT WILL TAKE TO GET THE KEY LAWS IN PLACE AND ALL PUBLISHED >> PASSED?] ACCORDING TO SOME REPORTS IT IS EXPECTED WITHIN DAYS OR WEEKS BUT NOT LONG -- WITHIN A MONTH BUT WE HAVE NO WAY OF KNOWING EXCEPT TO SEE IT DONE.
9-1-2015 Newshound/Intel Guru Bluedog Article: "Three presidencies confirm the approval of the National Guard and federal with economic reforms" "The meeting saw "the importance of the completion of key legislation, including the National Guard and the Federal Court and national reconciliation laws." NOW WE WATCH WHEN WILL THEY VOTE ON IT AND I AM SURE IT WILL BE UNANIMOUS VOTE THAT WILL ONLY TAKE ONE VOTE ...THEN WE WAIT TO SEE WHEN IT IS ENACTED SHOULD BE VERY QUICK IMO.
9-1-2015 Intel/Newshound Guru Poppy3 LOOKING AS NEXT BEST OPEN WINDOW WILL TAKE ABADI TILL OCT TO GET THE WINDOW OPEN. HE JUST HAS SO MANY MOVES TO MAKE I JUST FEEL HE NEEDS MORE TIME TO REMOVE OBSTRUCTIONS AND GET POSITION PEOPLE TO COMPLETE THE TASK BEFORE HIM. ...HE HAS MADE GREAT PROGRESS BUT STILL HAVE SEVERAL HURDLES TO CLEAR... HE WILL GET THE JOB DONE BUT WE HAVE TO GIVE HIM THE TIME TO DO IT RIGHT.
9-1-2015 Newshound/Intel Guru BGG In summation - "Abadi must also ensure that his predecessor stands trial for his corruption and the failures that helped empower Sunni extremists — and led to the catastrophe that has unfolded in Iraq". That is the way to end it... How does this help us? first - with Maliki, Mahmoud and Alak gone - the true obstruction is gone and the door for Monetary and Economic reform (both critical to Iraq's very survival) is wide open!! [post 3 of 3]
9-1-2015 Newshound/Intel Guru BGG Quote: "...Maliki is poised to lose his ceremonial post as one of Iraq’s three vice presidents under a series of reforms that the current prime minister, Haider al-Abadi, is trying to enact." Or probably already has "lost his position"...there is NO WAY the WB/IMF will let this get overturned - Abadi will get worldwide support for this... it shows the very character of the struggle going on in Iraq RIGHT NOW. I don't think Maliki will survive this onslaught...AND I think if anyone can "dethrone" Maliki from in front of the PMU - IT'S SISTANI!! He's the driving force behind the support Abadi has and is the catalyst for these reforms!! [post 2 of 3....stay tuned]
9-1-2015 Newshound/Intel Guru BGG Reuters Article "...an Iraqi parliamentary report named Iraq’s former prime minister, Nouri al-Maliki, among dozens of officials responsible for the collapse of security forces and the fall of Mosul to Islamic State militants last summer." This is MAINSTREAM - Iraqis now hope that Maliki and other officials will stand trial and be held to account for why militants were able to capture the northern city with so little resistance. (Maliki dismissed the parliamentary investigation as “worthless,” and he blamed Mosul’s fall on a conspiracy by Turkish and Kurdish leaders.) they (many Iraqi's) are hopeful (we should be too...) he will stand trial. [post 1 of 3....stay tuned]
8-31-2015 Intel/Newshound Guru Backdoc I 100% AGREE WITH [GURU] BLUEDOG ON THE KEY REMAINING LAW FOR IRAQ WILL BE THE NATIONAL GUARD LAW! ONCE ITS DONE THE REAL NATIONAL RECONCILIATION WILL BE ON ITS WAY! WHY WAS THIS SO IMPORTANT? GLAD YOU ASKED. BECAUSE SUNNI WILL BE PROTECTING SUNNI, KURDS PROTECTING KURDS, AND SHIA PROTECTING SHIA! THEN WITH THE MONEY LAUNDERING LAW PASSED WE WILL SEE THE EVIL COCKROACHES STEALING FROM THE PEOPLE SCURRY TO DARK CORNERS AS IF A LIGHT WAS SHOWN IN A DARK ROOM! [reference Guru Bluedog posts 8-30-2015 & 8-31-2015]
8-31-2015 Intel Guru Mnt Goat Dr Shabibi is simply now on a consultant basis and most of his advice is being ignored by the currency proxy governor. We are witnessing bad practices and confusion within the CBI. The acting proxy governor, Alaq, is inexperienced and not knowledgeable as to what action to take during this economic crisis. He is not proactive and can not make policies to combat issues prior to them becoming very severe. We will not see any progress in the direction of the currency reform until he is gone and they can get a suitable experienced person replacement to lead the CBI. Will Dr Shabibi be that person. Many believe (including myself) that he will return. Remember Dr Shabibi is still the “official” acting governor of the CBI just not allowed to sit and manage the CBI currently.
8-31-2015 Newsound/Intel Guru BGG Article quote: "Dozens of people demonstrated on Monday in front of the Supreme Judicial Council building in Baghdad to demand the resignation of President of the Council Medhat al-Mahmoud..." ...once Medhat al-Mahmoud is gone - Maliki has ZERO fall back position. It's really, really bad news for the Shia/thug/hardliners...these protests asking for Medhat's removal are a big deal - I guess maybe the biggest deal of the day.
8-31-2015 Intel Guru Mnt Goat This is my personal theory on what the CBI is ultimately is going to do – I believe they know they must float the value of the IQD and gradually let it rise. They will NOT ATTEMPT to push out a very high rate right (i.e. $3.91) initially due to the money laundering (the current CBI governor has not controlled) and the terrorists activities. The CBI does talk about starting the project to delete the zeros sometime in very early 2016. What will they ultimately do? Again my personal belief is strong that Abadi is going to clean up the CBI too and Dr Shabibi will be back as the governor of the CBI to continue his original plan as they are almost now back on track. [post 2 of 2]
8-31-2015 Intel Guru Mnt Goat The CBI knows it must make some kind of move in the near future to go international. The pressure is enormous to do something. So again we are seeing many articles published on debates going on about changing the dinar exchange rate. Last week...they were debating the pros and cons of FLOATING the dinar rate and the disparity of the Iraqi dinar to other neighboring countries. So what will they actually do? Iraq simply can not continue to do business and move forward without a realistic currency value. We know if they finally roll out to the international exchanges and then float the currency at a low beginning rate, it will not be long before we see some significant value increase. We will all then be subject to the international market rate at the banks at this point and so we can then go exchange our dinar anytime we wish and at any rate. [post 1 of 2....stay tuned]
8-31-2015 Newshound Guru Aggiedad77 ...we see that Dr. S [Shabibi] is wanting his name cleared from the false accusations made against him by the previous administration...the Iraqi government continues to lean on and play ball with the US which I am sure does not bode well with the Iranians who were already riled up at being rebuffed last week by PM Abadi and the religious clerics...Seems that the COM is muddying the waters for any attempts by Maliki or the other VP's to re-enter Parliament...and we have the three big boys...President Masum, PM Abadi, and Speaker Jubouri all meeting today to discuss reforms and whatever else they get the urge to bring up...oh and the Investment Law sounds like it might be ready to be teed up today...we shall see...And don't forget about the Anti-Money Laundering Law...where and when will it surface in Parliament...the clock is ticking.
8-31-2015 Newshound Guru Shredd Article quote: "...which will be an important factor in creating excellent investment environment and meet the aspiration of all parties." That is for sure. When the investment laws are passed, that will truly open opportunities for investors who have been waiting for protections. The banking side has come a long way regarding balances and conversion protections, and now with these laws passed, will position Iraq for some much needed stimulus. Investment = lending = borrowing = commerce = jobs = revenue = taxes. That's a win/win!
8-31-2015 Newshound/Intel Guru Bluedog THE NATIONAL GUARD LAW...WELL I SEE MOST BLOCS AGREE WITH IT...I SEE THE VOTE HAS BEEN POSTPONED INTO FIRST WEEK OF SEPTEMBER THINK THE 8TH (DON'T QUOTE ME ON THAT)...THEN WE NEED THEM TO ENACT IT...LETS SEE IT IN EFFECT, THEN AND ONLY THEN, WILL I DO SOMERSAULTS...NOT UNTIL I SEE IT IN MOTION...JIMO. [reference Bluedog post 8-30-15]
8-31-2015 Newshound Guru Millionday Article quote: "Iraq is expanding in private banks the field, and the Movement of the Iraqi economy needs a banking sector that provides advanced services and has the ability to handle all the customers on the differences individuals and companies." ALL BANKING REFORMS AND CHANGES IN SERVICE ETC IS BEING RELEASED TO CONSUMERS AND ALSO TRAINED TO A REPRESENTATIVE FROM EACH BANK SO THEY HAVE A RESOURCE AT THE BANK FOR ANSWERS TO COMMON QUESTIONS AND FURTHER TRAINING OF THE BANKING REFORM CHANGES...THE TRAINING WILL BE CRASH COURSES SO THEY CAN MOVE FORWARD QUICKLY -- HUGE. THIS IS PART OF REFORM ACTIVATION...
8-31-2015 Intel/Newshound Guru Poppy3 heard again last night the hcl has been divided into 3 parts and they are to implement the part or 1/3rd of it that will allow abadi to get the rate released and fulfill a large portion of the rest of the 2015 budget. LETS KEEP OUR EYES ON THEIR MOVEMENT OVER THE NEXT COUPLE DAYS WHAT WATCH THEIR ACTIONS IN THIS DIRECTION.
8-31-2015 Intel Guru DELTA WITH THE CBI GIVING ANOTHER MONTH AT 1095 TO SELL BONDS, SEP IS OUT THE WINDOW, OUR NEXT TARGET WILL BE OCTOBER.
8-31-2015 Newshound Guru Millionday "...the Central Bank of Iraq will extend the sales in nominal bond futures delivery in the currency of the US dollar (bearer) on behalf of the Ministry of Finance to be one of 2015/9/1 and up to 2015/9/30." SO THE BONDS ARE GOING TO SELL WITH THE DOLLAR BACKING ONLY UNTIL SEPTEMBER 30TH...THE BOND EXTENSION IMO WOULD BE TO REACH THE GOAL THEY HAD SET... [Does this mean they will not rv until they are done with the bond sales in the us dollar?] NO THE US DOLLAR WILL BE IN COUNTRY FOR OIL SALES INDEFINITELY...IT REALLY GIVES NO INDICATION OF ANYTHING BUT JUST A TIMELINE OF THE SALE OF THE BONDS AT THIS POINT -- NO ADDITIONAL INFO HAS BEEN RELEASED CONCERNING THEM.
8-31-2015 Intel Guru Delta THE CBI DID EXTEND THE SELL OF BONDS ANOTHER MONTH, UNTIL THE END OF SEPT!!! SO MY Q TO YOU...IS..... WHY DID THE CBI DO THAT ? [Could it be because the bonds are not selling.] BINGO WE HAVE A WINNER!!! MY 2ND Q WILL BE WHY NO ONE IS BUYING IT?
8-30-2015 Intel Guru SteveI I am in this to the end, which should not be too long from now.
8-30-2015 Intel Guru Frank26 [...do you think the article is true that DrS [Dr. Shabibi] will be there back in Iraq in time for the banking forum Sept. 15?] Yes...DRS is talking as his voice soon will become the only voice of his MR [Monetary Reform] of the IQD. Coming back...Nice. Now. What do You think will be the first thing he does?
8-30-2015 Newshound Guru Millionday THE BANKING FORUM IS IN TWO WEEKS AND IS A PRESENTATION OF IRAQ`S ECONOMIC REALITY AND THE BANKING DEVELOPMENTS -- OBVIOUSLY INTERNATIONAL AS IT IS A GLOBAL FORUM. THE OPERATION OF INTERNATIONAL BANKING WILL BE REVEALED. SO THIS IS TO BE RELEASED INFORMATION OF THE NEW BANKING REFORM OBVIOUSLY DUE TO THE CONTENT AND FOR IT TO BE IN JUST TWO WEEKS -- THIS IS EXCITING. THE INTERNATIONAL BANKING SHOULD LOGICALLY COME AFTER INTERNATIONAL ACCEPTANCE. THE DINAR SHOULD BE INTERNATIONALLY ACCEPTED BEFORE GLOBAL BANKING BUT WE WILL HAVE TO WAIT ON INK.
8-30-2015 Intel Guru Mnt Goat I will say that we are heading for a great window of opportunity for an RV come mid September and onward. Abadi’s government had until mid September to implement the needed laws to support the necessary reforms, as these reforms are part of his promises made during the negotiations to allow him to take control of the government and to be seated as the new prime minister. Also, resulting from a second Paris Conference in mid June, they also gave him 90 more days to complete the reforms (on corruption) and get in place other laws to support the economy (i.e Investment law and Banking laws, anti-Laundering laws, etc). I believe that if he can be successful we may also see the currency reform finally implemented. Again I am telling you the RV is a by-product of this reform process and not the means in itself. They desperately need these reforms prior to any RV.
8-30-2015 Newshound/Intel Guru Bluedog NATIONAL GUARD LAW...I SAID LAST JANUARY 2014 THAT THIS WOULD BE THE KEY...CAUSE NO INVESTORS TILL PROTECTED. IRAQ NEEDS TO SHOW INVESTOR THEY CONTROL ALL OF IRAQ AND NEED TO DO THAT FAST...SO NEED THAT LAW FAST. THEN CBI CAN MOVE FORWARD. FORGET ALL OTHER LAWS THEY WILL FOLLOW THIS...EVERYONE SAID OR THOUGHT WHAT DOES THAT LAW HAVE TO DO WITH ANYTHING...WELL YOU WILL FIND OUT YOU CANNOT SUPPORT THIS LAW WITHOUT A CHANGE IN CURRENCY REFORM...I LOOK AT HCL AS BOGAS PROPAGANDA... NATIONAL GUARD LAW IS WHAT WE HAVE WAITED FOR SO HCL COULD FOLLOW...AND CURRENCY REFORM ALSO...JIMO.
8-30-2015 Intel Guru Frank26 September will be not just historical for Iraq but for the World. Many countries are about to step into a time warp. Fast changes.
8-30-2015 Intel/Newshound Guru tman23 Remember...June was the end of the road! The Kurds gave Abadi back in October 2014 three months to get the Fed Court Act passed... Abadi asked for June because of all the difficulties... Now before anything moves IMO we need to see the Fed Court Act passed and Medhat booted... otherwise...Laws mean absolutely nothing when you have a corrupt Judge and court who does not enforce them.
8-30-2015 Newshound Guru Millionday Article quote: "The head of the House of Representatives Dr. Salim al-Jubouri, today canceled his visit to New York, which was scheduled to be conducted early next month in September to attend the heads of the World Conference of Parliaments." THE HEAD OF PARLIAMENT CANCELLING A MEETING IN NEW YORK TO MOVE FORWARD WITH LAWS SHOWS A DEADLINE IN THE MIDST. ...IT IS FOR THE REFORMS AND LAWS TO BE ACTIVATED IN A HURRY -- GREAT NEWS. [post 2 of 2]
8-30-2015 Newshound Guru Millionday THE ECONOMIC REFORM LAWS SENT TO PARLIAMENT...THE LAWS INCLUDE THE MONEY LAUNDERING BUT MOST EXCITING IS THE FEDERAL SERVICE LAW --- HUGE --- AND OF COURSE ALL THE LAWS FOR THE ECONOMIC REFORM CHANGES. THE LAWS ARE THE FRAMEWORK OF THE ECONOMIC REFORM -- ONCE PASSED THEY BECOME LAW AND JUST IN TIME WITH ABADI`S PROMISE OF REFORMS DONE WITHIN ONE MONTH TOO. [post 1 of 2....stay tuned]
8-30-2015 Intel Guru SteveI Article quote: "The President of the House of Representatives Saleem al-Jubouri, Saturday, to cancel his visit to New York was scheduled to be carried out by the beginning of next September, while attributed the reason to follow up the implementation of government and parliamentary reforms." They are on the right track. We are hearing the very same thing. They are pushing very hard to wrap this up.
8-30-2015 Newshound Guru Millionday "...Oil and Energy Committee in the Iraqi Council of Representatives MP Mazen Mezni, Prime Minister Haider al-Abadi send a draft oil and gas law to the parliament for legislation and approval..." THE HCL IS READY FOR VOTE AND SENT TO PARLIAMENT. THE LAW WAS REQUESTED BECAUSE OF THE BENEFIT OF COURSE FROM THE REVENUES AND INTERNATIONAL INVESTMENT BUT ALSO DUE TO THE PROMISE FROM ABADI TO HAVE THE REFORMS IMPLEMENTED WITHIN A MONTH <<< WHOOPOW. SO THEY HAVE BEEN GIVEN THE POWER TO PUT IN PLACE A TEMPORARY OIL LAW IF NEED BE AS WELL -- FANTASTIC NEWS AND GREAT TIMELINE. [...when will they vote on it?] IT WAS TO BE STARTED TODAY [SATURDAY].
8-29-2015 Newshound Guru sczin11 WELL, PRIME MINISTER ABADI, AND HIS LEGAL TEAM, MUST HAVE A PLAN, AND THAT PLAN MUST INCLUDE A BETTER UNDERSTANDING OF THEIR CONSTITUTION, THEN WE HAVE...THE REFORMS MUST TAKE PLACE FOOL PROOF...NO POSSIBLE LEGAL OVERTURNS, OR ANTI CONSTITUTIONAL ACTIONS...IMHO. THEY SET UP A NEW PRIVATE COURTHOUSE FOR A REASON...THEY HAVE GRADUATED MANY NEW JUDGES BEING PLACED ALL OVER COUNTRY...THEY ARE CALLING FOR MAHMOOD TO STEP DOWN...MEDIA, DEMONSTRATIONS... ALL AMOUNT TO PRESSURE...REMEMBER, JUBOURI TODAY, CANCELLED A TRIP FOR NEXT WEEK, WHERE HE WAS TO MEET WITH HIS GLOBAL CONSTITUANTS...THAT IS HUGE...WE ARE SEEING TREMENDOUS CHANGE....WE ARE FORTUNATE TO BE HERE...STAY POSITIVE MY FRIENDS. [post 2 of 2]
8-29-2015 Newshound Guru sczin11 JUBOURI CANCELS TRIP TO THE USA...FOR A PARLIAMENTS OF THE WORLD CONFERENCE? TOO MUCH HAPPENING IN IRAQ FOR HIM TO BE GONE, TOO MANY IMPORTANT LAWS COMING THRU THE HOR, OR THAT MUST BE PUSHED THROUGH...ISSUING LOCAL BONDS BECAUSE THE CBI NEEDS DINAR? WHAT? WHY? THEY USE THE US DOLLAR, RIGHT? GUESS WHAT FOLKS, THEY OBVIOUSLY DONT WANT TO PAY SALARIES IN US DOLLARS...THEY OBVIOUSLY WANT THE DOLLARS OFF THE STREET...THEY NEED THE UNIQUE CURRENCY, THE NEW IRAQI DINAR, FOR COMPLETE ASCENSION TO THE WORLD TRADE ORGANIZATION... THEY NEED AN INTERNATIONALLY RECOGNIZED DINAR. [post 1 of 2...stay tuned]
8-29-2015 Newshound/Intel Guru BGG “...declared a member of the parliamentary finance committee Faleh applicable, for delivery to the committee the public prosecution and the judge corrupted files related to money laundering and money laundering converting currency abroad...” Very encouraging they are moving ahead in running down the "bad actors" as it relates to their currency...
8-29-2015 Newshound Guru Millionday [How close do you believe Iraq is to WTO?] I THINK THEY ARE VERY CLOSE IMO -- I PERSONALLY AM THINKING THAT THEY WILL BE MOVING STATUS WITH REFORMS TO ENSURE PRODUCT CONFIDENCE AND TRADE AGREEMENTS ETC...
8-29-2015 Newshound Guru sczin11 Quote: "This week the CBI is also telling us there is plans for a near future bond drive, that will be issued to raise capital for the economic crisis and try to balance the budget." CLEARLY POINTS OUT THE NEED FOR DINARS IN COUNTRY...THEY ARE USING THE BONDS NOT ONLY TO PROVIDE LIQUIDITY, MORE IMPORTANT TO BUILD THEIR ON HAND, DINAR NOTES... THEY NEED DINAR, AS THAT IS HOW THEY WILL TRADE IN FUTURE. THEY DONT WANT TO PRINT MORE IN ORDER TO AVOID INFLATIONARY POSSIBILITIES...IT IS A GOOD THING.
8-29-2015 Intel/Newshound Guru tman23 I would agree with devalue IF Iraq was an exporter of goods...BUT they import 95% of their products...and devaluing the currency is economic retardation...too many Ivy League schools have released studies on the subject... Devaluing has no benefit to Iraq...especially since they are trying to sell domestic bonds in IQD.
8-29-2015 Newshound/Intel Guru BGG [HAS ABADI PASSED SECOND SET OF REFORMS?] I don't think so - just the initial batch have been given the OK by Parliament... I thought the ML law was read once and some speculation is the Investment Law will kick off Monday or shortly there after (reportedly). I think they will go pretty quick...the WB/IMF only gave them until Oct 1? Right? I doubt they let it boil down to the last minute. [do they still have to be published in the gazette to be law in its final state?] of course - but with the obstructionists gone - the gazette will again be a formality - not a hurdle. Abadi is clearly reacting.
8-29-2015 Intel Guru Frank26 The 2015 Budget contains the HCL and there is a Rider to activate it when SECURITY is SECURED. Today A [Abadi] is again with THE CITIZENS in the streets. AND!!! Those that formulated the Rider are NOW asking for a...DATE...To use it. DRS [Dr. Shabibi] has the GREEN LIGHT and we believe he is coming to proclaim this because the GREEN ZONE is the highest example of SECURITY.
8-28-22015 Newshound Guru firefly “...the Council of Ministers revealed in its first report on the recovery of inspectors offices nearly 18 trillion dinars and more than six billion dollars by the ministries for a number of years." The Iraqi government has reportedly appointed three major international banks to advise on its first international bond issue in almost a decade...Int’l Banks hired for $6 bn Bond Sale. Like I told you guys, the meeting at the Shereton 3 weeks ago went extremely well. What I didn't tell you guys was that these 3 banks were there. But now that’s it's in ink. There were MANY people and companys and certain agencys that attended.
8-28-2015 Newshound/Intel Guru BGG “...the reforms launched by Prime Minister Haider al-Abadi, on Friday, is a big step and real achievement for him...” Reforms launched by al-Abadi today a clear signal of the seriousness of reforms...the reforms are real and MOVING.
8-28-2015 Newshound Guru Aggiedad77 Article: "Parliamentary consensus to pass the investment law in the next session Monday" More insight that shows the Investment Law may indeed be voted upon next Monday in Parliament...if so...a real breakthrough as they say for Iraq as they move away from gross amounts of red tape and corruption with how this new law is written.
8-28-2015 Intel/Newshound Guru tman23 FIRST and FOREMOST...Need the Fed Court Law...We should be seeing soon. Medhat al-Mahmoud the courts Cheif Justice...AND... Ismail Moshen (aka Ali Alak) the CBI Governor being replaced...The Party Law that just passed will put into super sonic gear the rest of the reforms.
8-28-2015 Newshound Guru Kaperoni Article: "Political blocs complete discussion of the law of parties and decide to vote on it today's meeting" its done. passed today [Thursday]. It's basically the political bloc conduct law. It further removes the Baath party from politics. etc.
8-28-2015 Newshound Guru Aggiedad77 Article: "Oil drop may be forced Iraq to reduce its currency" The global issues associated with the falling oil prices are believed to be impacting Iraq as well...so says one expert from Bloomberg today...the oil issues coupled with the continued fighting to free Iraq from the clutches of ISIS/DAASH terrorists are draining the country to the point that its reserves have fallen 20% in recent months to stand at $59 billion dollars...war is never a cheap venture...and it is proving to be an expensive issue for Iraq today...keep in mind too that this is but one opinion of what could transpire for Iraq into the near future...no doubt their dependency on oil for revenues is critical and affecting their financial world in a big way.
8-28-2015 Intel Guru Mnt Goat They are also telling us that money laundering and corruption in regards to the currency float is the major obstacle. They have passed the Parties Law this week and they are pushing aggressively towards the Judicial Reforms next week, the National Guard Law (maybe tomorrow). We know by passing the Parties law anyone alleged of criminal activity (or under investigation) can no longer hold office or receive immunity. This is HUGE for insuring the downturn of Maliki. So why is money laundering so important all of a sudden? Do they want billions of dinar going into the wrong hands when the value increases? Is the RV then dependent on this part of currency reform? NO REFORMS NO RV... [post 2 of 2]
8-28-2015 Intel Guru Mnt Goat We are now seeing these reform laws we have waited for so long...for the first time, I see the progress I have been told SHOULD and MUST happen to get us to the completion of the currency reforms we all wait for and desire. We know this will get us all to the bank. How long will it take to get to the end of these reforms? Who knows for sure but we do know this week they have told us they would like to put the dinar on a currency float and at least are considering it seriously with all the pros and cons of the subject matter. [post 1 of 2....stay tuned]
8-28-2015 Intel/Newshound Guru Poppy3 ANYONE TELLING YOU THERE WILL BE A GLOBAL CURRENCY RESET IS FULL OF BULL. ...CHRISTINE LAGARD ANNOUNCED TWICE IN NATIONAL SPEECHES THAT THERE IS NO SUCH THING. ...THERE WILL NOT BE ANY GLOBAL RESET PERIOD. ...I WAS TOLD YESTERDAY TO JUST PAY CLOSE ATTENTION TO THE NEXT 4 DAYS FOR WHAT CHANGES ARE MADE AND THAT THE CBI SAYS THEY ARE NOW READY AS SOON AS THE PARLIAMENT FINISH THEIR DUTIES...WHAT DUTIES THAT IS, TO US IS NOT KNOWN AT THIS TIME. I DID HEAR THAT THE HCL WAS BROKEN INTO THREE PARTS SO THEY COULD APPROVE ONE PART THAT THEY AGREE 100% ON AND IT WOULD ALLOW ABADI TO GET THE RATE CHANGE HE NEEDS AND WANTS NOW MORE THAN EVER.
8-28-2015 Newshound Guru OOTW HERE ARE THE DATES LISTED AS TO WHEN / EACH TIME PARLIAMENT HAS READ THE POLITICAL PARTIES LAW: "The competent Committee First reading Second reading Date of vote Law No. Publishing the facts | Legal Committee | Committee of civil society institutions 01/08/2015 04/06/2015 08/27/2015 2 - political parties law" ...I'M SO SO SO THRILLED THEY'VE PASSED THIS BECAUSE IT GOVERNS WHAT AN MP CAN OR CANNOT DO, AS A MEMBER OF THE GOVERNMENT. ...I'M HOPING THAT MANY OF THE LONGSTANDING ISSUES, STOPPING SWEEPING REFORMS, ARE NOW GOING TO BE DEALT WITH - IE, HAVE REGULATIONS IN PLACE.
8-28-2015 Newshound Guru Aggiedad77 Article: "Central is preparing to launch bonds in local currency and asserts: We have a surplus of foreign currency" Reforms...reforms...they are every where...the CBI is launching reforms in the format of localized bonds...they see this as a means to strengthen the local currency...the dinar...they have yet announced how these bonds will be sold, only saying they will be available on a local and national level...they also mentioned the sale of foreign currency as a "means to sustain the exchange rate".
8-27-2015 Newshound/Intel Guru BGG it is looking more and more like, (sometime after this first wave of reforms) they will get a legitimate HCL Law in the works...I don't think it has been read - negotiated - gotten past the CoM or anything - but it is coming...and that is FANTASTIC NEWS.
8-27-2015 Newshound Guru Kaperoni ...looks like some laws are getting passed. Today they passed the law of parties...Sat will be the National Guard...hopefully monday is investment law.
8-27-2015 Intel Guru Frank26 [WOW!! Slap me silly!! MR is screaming at us, can you see it...?] Indeed. As we said the RI can start in the country and this would encourage the CITIZENS to buy their DOMESTIC BONDS. THEN...An RV would stimulate us to buy the INTERNATIONAL BONDS.
8-27-2015 Newshound Guru Aggiedad77 It's an interesting day of news that shows the MR in full swing I think...they are definitely moving at a far greater pace than a snail at this point in time...it gets more and more interesting as time goes by...
8-27-2015 Newshound Guru Millionday SO THERE IT IS --- 1. revitalization of the investment side, 2. practical plan for the recovery of the private sector, 3. absorb a lot of aspects of unemployment, 4. correlation application program to import systematic, 5. Add to that the real application of the tariff of customs at all border crossing points, real competition in the market component of Iraq. WHOOOPPOW...REFORM AT ITS FINEST. [WHEN DO THEY INTEND TO REINSTATE THE TARIFFS?] I HAVE READ THIS MONTH MEANING SEPT --- FOR THE TAXATION --- THEY ARE CHECKING AT BORDER PRODUCTS NOW. THE LEGAL --- INSTITUTIONAL AND ECONOMIC REFORM HAVE TO BE DONE ALL AT THE SAME TIME SO THEY AGREE WITH EACH OTHER --- COMPLIANCE. ALL OF THE REFORMS COMPLIMENT EACH OTHER --- THEY ARE RELIANT FOR THE SUCCESS AND LEGALITIES... IT APPEARS THEY ARE REFORMING BY THE NEWS...
8-27-2015 Intel/Newshound Guru American Contractor Washingston Post Article 8/18/15 Quote: "Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department. The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes - a 50,000 dinar note before the end of this year and 100,000 banknote next year - and canceling small ones." Small Iraq Bank notes will be canceled soon says Central Bank...the 250, 500, and 1,000 bank notes will be removed...there are not that many in circulation.
8-27-2015 Newshound/Intel Guru Bluedog NEWS COMING OUT IS FANTASTIC...REFORM IS MOVING IN LIGHTNING SPEED.
8-27-2015 Newshound Gurus sczin11 & OOTW LET US NOT FORGET THE WTO REQUIREMENTS OF A UNIQUE CURRENCY... THE IRAQI DINAR MUST BE INTERNATIONALLY RECOGNIZED AND TRADED ACROSS THE BORDERS. [when are they pushing for the WTO status?] THE LAST OFFICIAL PRESS RELEASE I SAW ON THIS INDICATED THAT THEY'D BE MEETING WITH THE WTO TO REVIEW THEIR STANDING IN SPRING OF 2016. [do they need an internationally recognized currency before or after WTO status?] BEFORE...IS MY UNDERSTANDING.
8-27-2015 Newshound/Intel Guru BGG [Does anyone know what has been said...over the bloomberg report stating that Iraq will have to devalue their currency? How can a currency that is not traded world wide and is already at a false low be devalued?] Bloomberg did not say the Iraqi currency would be devalued...it was interesting Bloomberg was even talking about it - but their tone, tenor and confused looks ought to be enough to convince you that most of what "the experts" say is speculative double talk...and if Iraq gets Maliki tossed out it will likely "depeg" (float) and go UP IMMEDIATELY (if what they were saying is right).
8-27-2015 Newshound Guru tlm724 Article quote: "The parliament ended the first reading of the law against money laundering and the financing of terrorism," which is awesome and today we have this: "Also it hosted the meeting after that gentlemen's central bank governor and directors of money laundering offices in the Central Bank and the Financial Inspection Office and the intelligence service to discuss the money-laundering operations" yesterday the first read today the to follow up for the anti-money laundering law, real quick like a bunny! I love how this is shaping up...throw in the Islamic Banking Act discussed in order to submit it to a vote and the investment law too! I am very pleased with how things are progressing.
8-27-2015 Newshound Guru Kaperoni Article quote: "Iraq in the coming years it is expected to be of the twentieth highest growth countries." Yup, once the wheels are in motion, it will be amazing. Just getting them moving though is a difficult process.
8-27-2015 Newshound Guru Millionday Article quote: "Iraq needs funds in local currency and not in hard currency, so the central bank is preparing to launch bonds in local currency for sale in order to strengthen the local currency." THEY ARE MOVING FORWARD WITH THE DINAR BACKED BONDS --- HUGE HUGE NEWS -- OBVIOUSLY RELIANT ON AN INTERNATIONAL RECOGNIZED CURRENCY OR THEY ARE NOT WORKING TOWARDS THE SUPPORT THIS WOULD LEND TO THE VALUE OF THE LOCAL CURRENCY -- DINAR.
8-26-2015 Newshound Guru sczin11 IT IS BECOMING MORE APPARENT TO ME, THAT THE KEY TO IMPLEMENTING THE REFORMS LIES WITHIN THE RESTRUCTURING OF THE JUDICIAL SYSTEM...ALL THE LAWS ARE IMPORTANT, YES... BUT WITHOUT A BIASED, NON SECTARIAN, COURT SYSTEM, THEY ALL STAND TO BE REJECTED, OVERTURNED, AND CORRUPTION CONTINUED. WILL THE WORLD WATCHDOGS, IMF, WB, AND OTHERS, ADHERE TO THEIR DEADLINES...ARE THEY EVEN CONCERNED WITH ALL THE OTHER WORLD HAPPENINGS.
8-26-2015 Newshound Guru Adam Montana [...why and what, in your opinion is holding up an RV other than HCL.] HCL, and only HCL. [Decent chance for happiness in September or October?] As decent as we can expect right now! I'm not sour on the Dinar at all - I'm just waiting for the HCL, and I can't pretend to know when that will go through. It could be tomorrow, or next year. I'm watching this thing like a hawk, because the minute the HCL goes through I believe we are in for a FUN ride! [post 2 of 2]
8-26-2015 Newshound Guru Adam Montana No HCL yet, so no RV...things are still on track to move forward... the question is "when". Here's an encouraging quote: "The Oil Minister Adel Abdul-Mahdi, said earlier that the approval of oil and gas law, will contribute to the achievement of social justice through the provision of investment opportunities great, and Sacefr differences associated with the adoption of the general budget, adding that the law would give wide latitude for the oil sector, to grow and implement projects planned." [post 1 of 2....stay tuned]
8-26-2015 Newshound Guru firefly Contrary to popular belief ...They will NEVER hold a press conference to announce the RI/RV! They will announce events that should indicate that something is up. So far the 3 laws I'm looking for have NOT been IMPLEMENTED...yet. The most important of the 3 IMO is the anti-money laundering law. Tariff Law IMO will be AFTER the fact. Border Tariffs! Investment Law is crucial as well. Those 3 effect the Global economy. Yes many laws are still needing implementation for the nation of Iraq but not for the monetary reform. HCL is very much needed for IRAQ! Could it be put off? Of course it can...for much longer? IMO...heck no! IMO it will be a "Domino Effect". Yes, we are definitely in the moment of a historic event. STOP looking for dates and windows...Timing my friends...TIMING!
8-26-2015 Newshound Guru Aggiedad77 ...from the news...we can see that PM Abadi's reforms...the reforms that the people demonstrate about and cheer about...the reforms that the highest religious entities in Iraq are completely in favor of...The reforms that both the COM and Parliament have thus far backed without question....these reforms are very much a part of the lava flow for Iraq...These reforms are putting in motion the very core of the magma that pushes forward in a manner that will bring about success for their economic recovery as well as the monetary reform that is imperative for all that they seek and do. Abadi is in control....remember that...yes there are what we see as loose ends but I'm of the opinion those loose ends for right now are necessary to get Abadi to the point where he truly needs to be with the reforms that we have yet to see.
8-26-2015 Newshound Guru My Ladies Bloomberg article: "How a Currency Crisis in Iraq Risks Fight Against Islamic State" [It appears that the two authors...are stating that the CBI will be forced to devalue the IQD. However, the CBI is saying "no way, no devaluation".] IT'S ALL JUST MATH...OTHER EMERGING MARKETS ARE LETTING THEIR PEGS GO DUE TO PRESSURE ON THEM...I DIDN'T THINK IRAQ WAS FEELING THAT PRESSURE YET. I KNEW THE PRESSURE WOULD BE INTENSE ONCE THEY STARTED TRADING THE DINAR GLOBALLY BUT I DID NOT SEE THIS COMING. WE HAVE NO CHOICE BUT TO WATCH SO THAT'S WHAT WE'LL DO, BUT I WAS THINKING IRAQ WOULD REACT ON THE OTHER SIDE. NOT NOW. [How Do You Devalue A Currency That Is Not Tradable?] WELL...THAT'S THE QUESTION...HOW IS THERE PRESSURE IF IT'S NOT TRADING? ...AND WHY DID THE CBI NOT JUST SAY WE DON'T TRADE - WE DON'T WORRY? [Why Out Of All The Countries To Talk About Is Bloomberg Talking About Iraq?]
8-26-2015 Newshound Guru Millionday [Are they going to redraft the HCl again and again? I thought it's done?] THEY ARE GOING TO DIVIDE UP PORTIONS SO THAT THE NATIONAL OIL COMPANY POLICIES DO NOT HOLD UP THE REFORM PROCESS ACCORDING TO WHAT I HAVE READ. KNOW THE HCL IS BEING PUSHED IN A HURRY AND CBI HAS STATED THAT THE TIMING IS RIPE --- THIS IS A VERY EXCITING TIME.
8-26-2015 Newshound Guru Aggiedad77 PM Abadi stood up to an Iranian General today whose sole purpose was to make a deal for Maliki to keep him out of court and prison...Abadi would not budge on the issue... IMO...step one of Maliki's demise...Abadi proved he will not knuckle under extreme stress...but Abadi won this round...is it over...no...but Abadi knows what needs to be done. He has the backing of the Iraqi religious authority, he has the backing of the people, he has the support of COM, and he has the support of President of the Republic Masum...the ball is in his court I believe...I can't say why he won't arrest Maliki...but I believe his time grows short...watch what happens over the next few days... In closing and summing this all up...PM Abadi spoke today with a strength that I don't think had previously been exhibited...he's taking actions through his reforms...and ...there are more reforms coming...pay attention to what he does...he is a very smart man and will not be outplayed...IMO.
8-26-2015 Intel Guru Frank26 ...what is Maliki up to...IOO...he's made a deal...[you mean in Iran?] well yes but that was intended...IMO Maliki has made a deal in Iraq to stay out of the courts, to stay out of prison...Maliki needs to be tried before the citizens of Iraq...he needs to be held accountable for any and all atrocities that he is complicit to...
8-26-2015 Newshound Guru Kaperoni Article quote: “The policy now is to meet the demand for dollars,” Waleed Eedi, a director general at the Central Bank of Iraq, said by telephone on Monday. The reserves won’t be depleted because of oil sales and the dinar won’t devalue, he said." It's a doom and gloom article from Bloomberg and we already have seen the articles asking to devalue the dinar a few weeks back. The CBI was clear that was not an option and reiterated that in this article.
8-25-2015 Newshound Guru OOTW THE GOVT IS STILL MOVING FORWARD WITH NOTICEABLE MOMENTUM TO ADDRESS CORRUPTION, PRIVATE SECTOR DEVELOPMENT , GOVERNMENTAL AND JUDICIAL REFORMATION AS WELL AS THE CUSTOMS/TARIFFS.
8-25-2015 Intel Guru Frank26 The HCL is in the budget...as has been stated in the past...therefore no need to have it read in Parliament... IOO...it is a part of the "long line"...also IOO...the laws that are being worked in Parliament, at least the major laws will be...IOO...the trigger for the "long line".
8-25-2015 Newshound Guru OOTW Press Release: "Director General of the General Administration of Customs receives economic Representative at the US embassy" IT'S GREAT THAT WE ARE SEEING THAT THE US EMBASSY HAS PAID A VISIT TO THE CUSTOMS DIVISION, BECAUSE...WE CAN SEE THAT THE CUSTOMS DEPT IS GETTING PREPARED TO IMPLEMENT THE FEES, TAXES/CUSTOMS/TARIFFS FOR GOODS AND SERVICES...
8-25-2015 Newshound Guru Millionday Article quote: "...the fight against administrative corruption and financial, is the cornerstone of achieving the government program goals in the reform, which received strong support from all popular forces loyal to Iraq, and achieve victory over the forces of darkness and terrorism that have caused destruction to the Iraqi people and the Iraqi economy..." THE HOLD-OFF OF REFORMS DUE TO TERRORISM DOES NOT MAKE SENSE AT THIS TIME -- THE REFORMS ARE EXPECTED TO HELP IN THE ISSUES THEY SUFFER... [So Abadi is not going to hold off on the reforms? I think there was an article earlier that said that he was going to.] NOT ACCORDING TO REPORTS THAT I HAVE CONFIDENCE IN -- REFORMS ARE IN THE PROCESS ALREADY BY WHAT I READ.
8-25-2015 Newshound/Intel Guru BGG Article quote: "Ft MP for the coalition of state law Hassan Sinead, his resignation from the membership of the House of Representatives. It is likely that the resignation of Sinead be a prelude to re-seat parliament to al-Maliki after limbering included government office in addition to the pursuit of obtaining the legal immunity..." just because they say they are giving Maliki a seat - or someone is giving up their seat (more like Maliki bought it) means he will retain immunity - or they won't arrest him anyway... especially with the crimes he is CLEARLY accused of. There is plenty of precedent for him to have his "immunity" lifted and be arrested immediately - this is a weak tactic... but it tells you a lot about the struggle going on right now.
8-25-2015 Newshound Guru Millionday Article quote: "...Governor of the Central Bank of Iraq on the Keywords, Monday, that the current conditions are in place so that there is a reconsideration of the Iraqi financial system." CBI GOVERNOR SAYS THAT THE RIGHT TIME IS NOW. CBI IS HAPPY WITH THE TIMING AND OBVIOUSLY THE GOVERNMENT IS AS WELL. I DONT EXPECT TO HAVE ACCURATE TIMELINES/SCHEDULE FOR THE PROCESS RELEASED... BUT WAS VERY EXCITED OVER THE PROCESSES BEING DISCUSSED ETC. ...ACCORDING TO REPORTS I AM SEEING...THE TIMING IS PERFECT OR AT LEAST RIGHT AND BEING ACTIVATED /APPLIED.
8-25-2015 Intel/Newshound Guru Backdoc AS OIL DROPS THE PRICE OF ALL GOODS AND SERVICES NEEDS TO DROP AS WELL. THE PROBLEM IS WAGES ARE NOT SET UP TO ADJUST ALONG WITH BUSINESS COSTS. THIS CAN OR WILL LIKELY CAUSE A CURRENCY IMPLOSION! WHY AM I SHARING ALL THIS? BECAUSE SOMEWHERE IN THIS PROCESS THE DINAR AND OTHER EMERGING MARKET CURRENCIES WILL BE THERE TO BAIL OUT THE WORLDS FINANCIAL SYSTEM! I THINK WE ARE APPROACHING A NARROW WINDOW NOW IN THIS PROCESS. IT IS COMING TO A CONCLUSION! LOOK FOR THINGS TO GET MUCH WORSE AND VERY QUICKLY WORLDWIDE!
8-25-2015 Newshound Guru My Ladies THE HOLD UP OF IRAQ BEING REACTIONARY HAS ALL TO DO WITH THE BANKING SYSTEM AS A WHOLE... IRAQ IS A KEY STATE IN THE INITIATIVE. EMERGING MARKETS WERE NOT READY UNTIL NOW AND THAT INCLUDES IRAQ. WHEN THE ROUTE GET TO IRAQ AND IT IS TIME FOR IRAQ TO TRADE, THEY WILL TRADE AND WITH OUT SPEAKING TO VALUE THEY WILL TRADE WHETHER REFORMS ARE IN PLACE OR NOT. IRAQ KNOWS THIS TO BE TRUE WHICH IS WHY NOW THERE IS URGENCY FROM THE COUNTRY... THE REAL INTEL IN THIS SCENARIO IS WITH THE BANKING SYSTEM. IT IS ALL JUST MATH AND THERE IS NO ROOM FOR RUMOR OR ERROR IN MATH. [post 2 of 2]
8-25-2015 Newshound Guru My Ladies "WHAT IS THE HOLD UP" IS SIMPLY “WHAT HOLD UP?” ...THERE IS IN FACT NO HOLD UP...3- 4 YEARS AGO MAYBE LONGER...I KNEW IN THE LARGE SCHEME OF THINGS THE NEW BANKING SYSTEM WAS NOT READY YET. THERE BY IRAQ, CHINA, INDONESIA, MOST OF SOUTH AMERICA AND ALL EMERGING HAD NO WHERE TO GO. IT WAS NOT THE TIME FOR THE REFORMS; IT WAS NOT THE TIME FOR ADDITIONAL LAWS AND THESE THINGS IN AND OF THEM IS NOT HOLDING ANYTHING UP. [post 1 of 2....stay tuned]
8-25-2015 Newshound Guru wmawhite [I just got an article...talking about dinar against other currencies and oil price: "Iraqi dinar compete Arab currencies in the exchange rate"] currently the IQD is not competing against anything... therefore, if this person is correct and the IQD is going to compete within the world currency markets, then its status must change first. Meaning, currencies compete based upon exchange rates... therefore, it must have an exchange rate with which other currencies will exchange with. [so does that mean maybe an rv soon?] There is NO maybes with the IQD...there is only WHEN the IQD starts moving within the world currencies markets. Personally, they (the CBI, GOI and ISX) have issued so many indicators that point to a change in the status of the IQD.
8-25-2015 Intel/Newshound Guru Poppy3 don't need $100.00 DOLLAR OIL AND THEY KNOW IT, DON'T NEED EVEN $40.00 OIL TO HAVE A $3.00 PLUS RATE. HISTORY SHOWS THAT WHEN OIL [RATE?] WAS AT $3.22 OIL WAS ONLY $32.00 AND SINCE THAT TIME THEY HAVE DISCOVERED AT LEAST 26% MORE OIL THAN EVER REPORTED IN EVERY FIELD THEY HAVE PLUS WE KNOW THEY HAVE BOUGHT 90 TONS OF OIL SINCE. ...ABADI IS WORKING TO REIGN IN ALL THE CORRUPTION PERSONALLY AND ECONOMICALLY. THEY ARE MORE STABLE THAN EVER BEFORE AND WILL GET THEIR JOB COMPLETED ASAP. WE WILL WIN AND WIN BIG VERY SOON . I TRUELY BELIEVE WE ARE CLOSING IN EVERY DAY.
8-24-2015 Newshound Guru Chattels Article: "Frankincense: Maliki, Allawi and Najafi are still engaged in their work as Vice-President of the Republic" Quote: "the three Vice-President of the Republic according to the law, they still have their jobs for lack of the House vote to repeal a new law office or at the request of the President of the Republic." SO MUCH FOR ANY EFFECTIVE EXECUTIVE ORDER - AT LEAST ACCORDING TO " Frankincense " - WHO I BELIEVE IS A " MALIKI MAN ".
8-24-2015 Intel Guru Delta [is Maliki really in Iraq with Abadi... Why is he there With Abadi?] YES ..IT WILL TAKE THEM SOMETIME TO GET HIM OUT, HE GOT THE BACK UP FROM IRAN, HE WAS GOOD TO THEM THAT'S WHY!
8-24-2015 Intel Guru Mnt Goat Part of this effort will also be cleaning house in the CBI including the changeover from the proxy governor Ali al-Alaq to Dr. Sinan al-Shabibi. I have evidence that speaks strongly that corruption must be cleaned out of the current CBI first before we will see any currency reform.
I assure you the process is already in play. The men on the chess board are about to be moved around. So this week looks very good. I expect announcements of some of the recent reforms and Reconciliation legislation signed into law. Also I suspect this week or in the next couple weeks, we are once again some movement into a fantastic window of opportunity to see a change in the currency value of Iraq...I feel we are at the very near end to this RV saga. [post 2 of 2]
8-24-2015 Intel Guru Mnt Goat I am hearing the Maliki influence has dwindled to the point that he no longer is any threat to the government. This was assured to us once his position as VP was eliminated. We wait for his trial on many charges. This is coming in the weeks ahead. I now have proof that currency reform is in fact one of the reforms Abadi fully intends to implement VERY soon. I also have confirmation from the CBI that the IQD is no longer directly pegged to the USD but has been pegged to the SDR now since 2012 when Dr. Shabibi (then acting governor of the CBI) was in the process of the final steps of rolling out the lower denoms and coins. Well they are now on track to pick up the pieces and move forward with this once again. [post 1 of 2....stay tuned]
8-24-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Economy: customs need to in order to ensure the application of the customs tariff" According to one MP from the Economic and Investment Committee within Parliament the taxes and tariffs need another year to be worked on until they are again brought to light...this also comes from the head of the Customs group responsible for implementation...they still face issues with border crossings and how to equitably implement the new laws.
8-24-2015 Intel Guru Delta [How much longer do you think before a rate change? And will it be for us internationally as well?] IMO AND BASED ON THE BOARD OF DIRCTOR OF THE CBI...BEFORE END OF THIS YEAR...YES THE NEW LDS WITH NEW RATE WILL BE TRADED INTERNATIONALLY FOR EVERY ONE.
8-24-2015 Newshound/Intel Guru BGG Their own economists say... tariffs without value will be bad for their citizens. If they have this problem with demonstrations now - just wait until tariffs are implemented without value. BIG TROUBLE...and for some reason they don't seem to be taking their foot off the tariff "pedal"... FULL BLAST!
8-24-2015 Newshound Guru Aggiedad77 Article: "Supreme religious authority: a battle of destiny and to speed up reforms to hold accountable corrupt" Here comes another not so subliminal message from the Iraqi clerics to PM Abadi...we need to clean up the judiciary to ensure when those accused of corruption are brought to trial there is no question as to the honesty and integrity of the judges hearing the cases...we need to push for more speed with the reforms that are being laid before the Iraqi people...make good decisions, make them quick, and move forward.
8-24-2015 Intel Guru Delta ["THE ECONOMIC REFORMS HAVE BEGUN -- THEY ARE TO SATISFY THE CITIZENS AND ALSO ADDRESS NOT ONLY THE DOMESTIC -- BUT THE GLOBAL SCALE." ...that was supposedly released to the citizens Sunday am with 48 hours to implement. Is this news correct and if so if its to satisfy on a global scale could this be pointing to a rate change?] YES THAT'S CORRECT...BUT KEEP IN MIND 48 HRS FOR IRAQ COULD MEAN A MONTH.
8-24-2015 Newshound Guru Aggiedad77 Article: "Iraq: the night of the arrest of al-Maliki" Now there is a catchy news article title...a real attention getter...Maliki's time is surely short...he is continually being turned down...he is spurned from political leadership...his group of protectors grows smaller and smaller...so when will he be pulled from the street...when will that fateful knock on the door draw him from the safety of his mansion...he has proven to be an embarrassment to many in Iraq because he chose to fill his pockets rather than do good for the Iraqi people...his time is coming...because his options are running out.
8-24-2015 Newshound/Intel Guru BGG ...my comments regarding “Maliki as gone” are clearly “forward looking statements” and ARE IN PROGRESS. Visible progress has been made – for now, Maliki is NOT A VP and is NOT WELCOME in official GOI meetings. WHY did Abadi move now? Was it demonstrators? No – I doubt it very much. Maliki can think he has everyone right where he wants them – but keep in mind this whole campaign of reform was kicked off by the WB/IMF telling Iraq to get their AML (Anti-Money Laundering) and corruption under control (both issues pointed DIRECTLY AT MALIKI). They were given until Oct 1st to get an AML law put in place. It would probably help Abadi to have an Investment Law in place as well. Thus far Abadi has responded. Judiciary is next. He needs to keep up the pressure ...so no matter what "current circumstances" look like - the WB and IMF have an agenda. Maliki isn't part of that equation. [post 2 of 2]
8-24-2015 Newshound/Intel Guru BGG Maliki came back from Iran where he met with most of his most ardent Shia supporters (not all Shias support him - as before)...The Dawa party (and Maliki) “facially supports” these recent reforms called for by the Iraqi Clerics and the demonstrators (the people)...However, it’s a political tactic. He needs to look like “HE’S THE REFORMER”, or at least line himself up with the reforms. On the other hand Maliki is secretly attempting to subvert Abadi everything he does. It is worth noting – there are numerous OP ED’s out recently pointing out that if Maliki really wanted reforms he would have done so long ago. Maliki is in now in FULL DAMAGE control…He did not come back until he had some assurance of some kind – though no guarantee, he must feel he has some potential for survival. [post 1 of 2....stay tuned]
8-24-2015 Intel Guru Delta [what is the citizen's reactions to "what seems like delays" in the monetary reform and are they liking what Abadi is doing?] CITIZEN LOVES ABADI, THEY ARE CLEANING HOUSE BEFORE THEY PULL THE TRIGGER. IMO WE SHOULD SEE WHAT WE ARE WAITING FOR SOMETIMES NEXT MONTH.
8-24-2015 Newshound Guru OOTW A LOT GOING DOWN IN THE NEXT FEW DAYS...PROTESTERS IN KARBALA HAVE TAKEN OVER THE GOVT BUILDING IN KARBALA IN PROTESTS OF THE JUDICIARY. THERE'S A CHANCE THEY MAY DECLARE AN EMERGENCY GOVT IN ORDER TO GET LAWS PASSED AND DISSOLVE THE JUDICIARY WHICH REFUSES TO RESTRUCTURE ITSELF...ALTHOUGH WE'RE SEEING AN ARTICLE FROM THE SJC THAT THEY ARE LOOKING FOR JUDICIAL CANDIDATES. I THINK THIS WILL BE GREAT. WE ARE DEFINITELY GOING TO SEE SOMETHING MAJOR THIS WEEK... MAJOR...RE THE GOVT.
8-24-2015 Intel Guru Delta [...do you see them accomplishing their Goal with int bonds this year. B/c that would require a rate imo. Or do you think they will push the implementation date back due to needing more progress etc?] YES WE SHOULD SEE INT BONDS THIS YEAR IMO NEXT MONTH. THEY NEED THE MONEY SO BAD, WITH OIL PRICES GOING DOWN. ALSO THEY NEED INVESTOR TO GET IN...WITH OUT A NEW RATE NO ONE WILL INVEST IN IRAQ.
8-23-2015 Newshound Guru Aggiedad77 Article: "Iraq: the night of the arrest of al-Maliki" Now there is a catchy news article title...a real attention getter...Maliki's time is surely short...he is continually being turned down...he is spurned from political leadership...his group of protectors grows smaller and smaller...so when will he be pulled from the street...when will that fateful knock on the door draw him from the safety of his mansion...he has proven to be an embarrassment to many in Iraq because he chose to fill his pockets rather than do good for the Iraqi people...his time is coming...because his options are running out.
8-23-2015 Newshound/Intel Guru BGG [I always thought RI meant reinstatement of the price it was on the market before the sanctions began - is that right?] were that to happen - yes, that is what it would be called. I doubt it though - I suspect some other "regime"...
8-23-2015 Newshound Guru firefly [What are your thoughts on Abadi eliminating Parliament and rewriting the constitution?] They are going from a parliamentary constitution to a democratic constitution. HUGE. Exactly what was expected of them. [Didn't the USA have a big hand in writing their new constitution?] They are helping Abadi amend it, yes. Maliki never abided by the old constitution if he did, we wouldn't be here right now! Well something needs to happen prior to Oct 1st. Have to remember...both Abadi AND Saleh told us back in Dec 2013 that the deletion of 3 zeros will occur in 2015. What did they know back then that most here didn't? In Fact Abadi even went as far as to say...AFTER THE NEW PARLIAMENT! [post 2 of 2]
8-23-2015 Newshound Guru firefly [What is keeping Maliki from being gone? His position has been eliminated and yet he still has a forum. He refuses to resign. What in the constitution is allowing him to still have a foot in this game?] Anybody can create their own forum if they scream loud enough. Does it add any validity to it? He could refuse all he wants, he is out! M [Maliki] will be taken care of by the proper authorities...as well as his sidekicks! Abadi KNOWS that! IMO he is irrelevant to the reform...Has no power...lost his job...nobody likes him. lol. Abadi is SAFE! [post 1 of 2....stay tuned]
8-23-2015 Newshound Guru Chattels I QUESTION WHETHER ABADI CAN ACCOMPLISH HIS STATED REFORMS WITHOUT AMENDMENT OF THE CONSTITUTION AND LEGISLATIVE ACTION ON A SWEEPING SCALE UNSEEN BEFORE IN IRAQ.
8-23-2015 Newshound Guru sczin11 IT SHOULD BE OBVIOUS TO ALL...THAT REFORMS ARE IN PROCESS...IT CAN NOT BE DISPUTED THAT "STUFF" IS HAPPENING...THE PROBLEM FOR MANY OF US IS WE JUST CAN NOT GET A GOOD PIECE OF VERIFIABLE CONSENSUS FILLED, INFORMATION TO BITE ON...WE DONT KNOW WHAT WE DONT KNOW...BUT, WHAT WE DO KNOW, IS A LARGE AMOUNT OF STIRRING THE POT, BY THE RELIGIOUS CLERICS...IMHO, THAT HOLDS MUCH WATER IN THE ME [MIDDLE EAST]...AND TODAY WE SEE THE CALL FOR ABADI TO RELINQUISH HIS TIES TO THE DAWA PARTY IN ORDER TO SHOW NO SECTARIAN BIAS IN THE DECISIONS HE HAS TO MAKE GOING FORWARD. IT WOULD APPEAR, THAT MOST FEEL GOING FORWARD WILL NOT BE AN ISSUE...APPEARS THE CALLING FOR JUDICIAL CHANGE MUST OCCUR FIRST, THE REST WILL FOLLOW SUIT.
8-23-2015 Newshound/Intel Guru BGG [BGG would be right on when he said 2 or 3 days or weeks.] I was saying - the next short period of time should be very exciting - what that means is anyone's guess. In no way am I "vaguely pointing out" an RV. Maliki and Alak need dealt with PLAINLY - and with finality. I have been (and am) encouraged by the apparent rapid movement on this front...further - my comments regarding "Maliki as gone" - are clearly "forward looking" and in progress...
8-23-2015 Newshound Guru OOTW I POSTED AN ARTICLE TWO DAYS AGO STATING THAT THE GOVERNMENT HAS STATED THAT THE CUSTOMS/TARIFFS ARE GOING TO GO THROUGH, BECAUSE THEY'RE A NECESSITY TO GENERATE REVENUE VIA THE PRIVATE SECTOR - AND IN TURN PROMOTE PRIVATE SECTOR GROWTH. AND TODAY ANOTHER ARTICLE HAS COME OUT CONFIRMING THIS. Article quote: "Baghdad It refused to economic and investment commission in Parliament, to stop the work of customs tariff, as pointed out that activated Cedar money and stimulating the economy." REGARDLESS OF WHAT THE COST OF GOODS ARE, VS THE PERCENTAGE PAID TOWARDS TARIFFS - THE POINT REMAINS THAT THE PEOPLE NEED INCREASED BUYING POWER. [The Iraqi currency has to be International to make tariff meaningful and applicable.] IN EFFECT, YES...IN SO MUCH THAT, THERE'S NO POINT TO PAYING TARIFF'S IF PEOPLE CAN'T AFFORD THEM.
8-23-2015 Newshound Guru Millionday [...this 48 hour implementation for the economic reforms, would that include an RV?] GOOD QUESTION. [If they're going global, they would have to be internationally recognized? At least you would think so.] YES THEY WOULD AND WITH STOCK MARKET REFORM AND BANKING REFORM IF IT IS ENTIRELY WOULD REQUIRE INTERNATIONALLY RECOGNIZED MARKET ECONOMY IN THE GLOBAL ARENA REQUIRES IT. [They could go global at the rate they are at now though.] NO THEY HAVE TO DO THE ORDERED INTERNATIONAL EQUATION -- GLOBAL PRICING INDEX APPLIES TO EVERYONE DOING TRADE THROUGHOUT THE GLOBE -- IT IS WHAT MAKES TRADE FAIR. [post 2 of 2]
8-23-2015 Newshound Guru Millionday Article quote: "Today launched the (economic morning) new shape with the start of the morning 48 as usual to call since the idea of expansion, three pages devoted to the economy out of its importance at the local and global scales..." THE ECONOMIC REFORMS HAVE BEGUN -- THEY ARE TO SATISFY THE CITIZENS AND ALSO ADDRESS NOT ONLY THE DOMESTIC -- BUT THE GLOBAL SCALE. SO THE PROCESS MAY BE HARD/DIFFICULT BUT THE PAY OFF (NO PUN INTENDED) WILL BE GREATER...THIS WILL BE RELEASED TO THE CITIZENS IN THE MORNING [SUNDAY] (MEANING THE REPORT) [this goes out to citizens in am? and the reference to 48? 48 hr activation?] YES IT DOES. [post 1 of 2....stay tuned]
8-23-2015 Newshound Guru My Ladies THE VERY INSTANT IRAQ COMES OFF THE PROGRAM RATE AND TRADES IT WILL GO THROUGH THE SAME SETTLEMENT SYSTEM AS ALL OTHER CURRENCIES. CENTRAL BANKS ARE NOT SET UP TO KEEP JUST IRAQ ON THEIR OWN SETTLEMENT SYSTEM. THEREFORE THE CENTRAL BANK OF IRAQ CAN NOT REINSTATE THEIR CURRENCY AND KEEP IT ALL TO THEMSELVES. LOOKING GOOD SO FAR, THEY ARE TIGHTENING UP ALL THE SCREWS AND BOLTS…WOW!! WHAT PROGRESS AND ALL GEARED TO THE INTERNATIONAL MARKETS AND BANKING.
8-22-2015 Newshound Guru Chattels "...party meeting on Saturday in the presence of Secretary General of the Party Nuri al-Maliki, Prime Minister Haider al-Abadi and lead the call..." SITTING SIDE BY SIDE THEY ARE...NOT GONE YET! "Secretary General of the Party Nuri al-Maliki" SO IF RECENT ARTICLES ARE CORRECT THEN MALIKI IS STILL PRESIDENT OF THE SLC AND SECRETARY GENERAL OF THE "Shura Islamic Dawa Party Council". I EXPECT THAT WHATEVER LOSS OF BODYGUARDS SUFFERED BY MALIKI WITH THE ABADI "SHAKEUP" THAT HE HAS OFF SET WITH PRIVATE CONTRACTORS. I THINK I WILL SAY "ABADI SHAKEUP" BECAUSE THUS FAR THERE IS LITTLE REAL REFORM IT APPEARS TO ME.
8-22-2015 Newshound Guru Aggiedad77 Article: "Head of the investigative committee Asagot Mosul al-Maliki accused of high treason" The head of the committee investigating the fall of Mosul when the DAASH terrorists took over without so much of a fight from the Iraqi Army in June of 2014...the responsibility for this terrible action falls upon the shoulders of former PM Maliki...he predicts that Maliki will be tried in court for high treason.
8-22-2015 Newshound Guru firefly [you think if we ask nicely they will tell us when give us a date and time?] Forget Dates, they have one opportunity to get this right. When the time is right it WILL happen. [...they will move before end of August or sometime before October, October is the END OF THE ROAD for Iraq according to WB?] I am not expecting anything until Sept at the earliest...Still laws...NEED to be IMPLEMENTED. [you think they might be waiting for implementing that together with banking going forward to be international compliance?] I do. Remember...the WB gave them a...HARD DATE fOR implementation. [sounds like a lot of movement trying to happen!] Oh...it WILL happpen alright. [When?] NOBODY AND I MEAN NOBODY HAS A DATE. Does anybody...think that the ones in charge of the plan will tell anybody? ... Especially Dinarland? lol. [post 2 of 2]
8-22-2015 Newshound Guru firefly Article: "(Reuters) - Iraq has decided to issue $5 billion in international bonds and is negotiating the terms, Iraqi Finance Minister Hoshyar Zebari said on Wednesday, one of several measures as it seeks to relieve the pressure of low oil prices on its finances." [I would think that if the BONDS are being sold internationally their currency would have a rate and also be international at the same time.] Can't have one without the other! No rate change on the CBI website...yet. As with ANY Central Bank, when there is a rate change it WILL show. Would have to in real time! [post 1 of 2....stay tuned]
8-22-2015 Newshound/Intel Guru BGG [How will $40 oil affect an RV...at one time it was said that $100 oil was needed?] IMHO - not at all, I don't agree with $100 oil being required. In fact, if one ascribes to a "short move" or "emergency currency reform" as a short term budget deficit "bridge" - then $40 oil is not a problem - but a catalyst for change.
8-22-2015 Newshound Guru Aggiedad77 Article: "Foreign Policy: Iraq is not a lost cause" The Iraqi Ambassador to the US begs to differ with some within the US regarding the situation in Iraq today...some look inside the country and only see a bleak and black future, one of separation...however the Ambassador says that Iraq is not a lost cause, Iraq's strength he says lies within their unity as a country a unity that is built upon integrity and a bonding between previously warring entities that are currently working together to push DAASH out of the country...that are working together today in support of reforms being proposed and implemented by PM Abadi and his government...he asks that US leadership not promote separation but instead stand with Iraq for unity because Iraq is not a lost cause.
8-22-2015 Newshound Guru Breitling Just going by math and looking at what's going on in Iraq….I haven't seen anything negative. There is nothing out there stopping this. It's simply not going to happen. Iraqi people need purchasing power. But the CBI has to do it correctly. They can't just push a button and all of a sudden there is value behind their currency. They have to make sure it can be stable and it can grow and they can control it…that's the most important thing. Other countries and companies won't invest in Iraq unless it has that type of control. [Post 2 of 2]
8-22-2015 Newshound/Intel Guru BGG [do you really feel Iraq can pull off a increase in value before the end of Sept or do you feel it may take longer?] I think - as soon as Maliki is fully "dealt with" and some resolution comes to the Gov of the CBI - the door is wide open to monetary reform. THAT IS EXACTLY what I think... and all of that can happen very, very quickly.
8-22-2015 Intel/Newshound Guru tman23 I have "heard" that today the 21st "they" were given 3 weeks to complete the laws... (I don't know what laws, and I do not know who is delegating the directives) AND...Moshen Ismail [gov. of CBI] has submitted his resignation...The resignation by law requires a 30 day notice...And expect Sept 8th a new CBI governor to be appointed... There is no "ink" on this and I don't expect to see it in the press until the announcement...
8-22-2015 Newshound Guru Millionday Article quote: "The International Monetary Fund forecast on Wednesday, the Iraqi economy growth of 0.5% by the end of this year, thanks to expansion in the oil sector, and increase the contraction of economic activity in the non-oil." THE INCREASE OF NON-OIL IS ALL OTHER PRODUCTION OTHER THAN OIL CALCULATED WITH GDP. THE IMF FIGURES REPRESENT THE ACTIVATED REFORM RESULTS...THE IMF IS HAPPY WITH THE REFORM PACKAGE AND HAS ADJUSTED ALONG WITH REFORMS PREDICTIONS OF GROWTH FOR THIS YEAR.
8-21-2015 Intel Guru SteveI This is very complex and I had no clue as to all of the things that have to get done and be in place. A huge undertaking. [With all the news that we have read recently, was hoping to get...input on where we are, and where we're headed.] ... Iraq is moving forward not backwards like some are implying. Yes, I would like to see things move a bit faster... I do have some positive news but I have not had a chance to verify it from additional sources. It is very positive.
8-21-2015 Intel Guru Mnt Goat As we know Maliki traveled to Iran with a delegation from his party. I believe his intent was to defect to Iran since he also traveled with his family. Once there he was asked to return to Iraq. He is now back in Iraq... Abadi is moving quickly on the clean up of the Judiciary system to get the Judicial Reforms implemented. This will clear the way for any obstacles for many future reform objectives including bringing Maliki and his goons to their final demise thus stopping the stalling of needed legislation to complete the Reconciliation efforts agreed to be completed by mid September. These reforms are moving lightening fast.
8-21-2015 Intel Guru Frank26 [HOW SOON DO YOU EXPECT THE LAW [HCL] TO BE ENACTED?] IOO...M [Maliki] has never wanted the RI/RV...Then he would have to share what he stole. IOO...The MR [Monetary Reform] and HCL are Siamese Twins...They need each other in order to live and bring life to others. This part of the Reforms has picked up speed with the terroristic M and his minions removed. The Tariffs are for the IMF...The HCL is for the CITIZENS...The RI is for Budget...The RV is for us. My opinion...Would quickly be turned into a DATE. Suffice it to say...We look at Allack leaving around the first week of October. Why? Because the GOI builds it for the arrival of DRS [Dr. Shabibi] and the CBI's MR [Monetary Reform]. REFORMS in many forms. Right now. Not...2016 or 2017.
8-21-2015 Newshound Guru Breitling An article came out and a lot of people are scared about the idea of a LOP…look, this is a repeat [article]. The biggest indicator for a lop is they wouldn't reduce the note count…they wouldn't need to…they'd just take the 3 zeros off and that's it…that's the indicator. If they are physically reducing the note count…They have reduced the note count from 9 billion to 6 billion to 4 Billion to whatever they're at today and that includes taking away the 50 dinar note. They can't reduce the note count like that AND take the zeros at the same time. If you go back to the minister of finance's plan what is it? To get the dinar to the US dollar….that's it. What do they have to do to maneuver to do that? They have to reduce the note count. They have to get US dollars out of the market. [Post 1 of 2…stay tuned for the rest of the story]
8-21-2015 Newshound/Intel Guru Bluedog HCL...HOT IN THE NEWS GOING TO PARLIAMENT AND WE KNOW ALL THE OPPOSERS ARE GONE. THE ONES LEFT WILL BOW TO ABADI BECAUSE THEY WANT TO BE LEFT ALONE AND NOT BROUGHT INTO THIS CORRUPTION FILE...IMO...HCL...HAS BEEN SHELVED AND AGREED UPON FOR SOMETIME.
8-21-2015 Intel Guru Mnt Goat The news has never greater as these reforms progress...So the news of this week is the coming of the second set of reforms as Abadi promised...We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms...watch for the completion of these reforms and you will see the light at the end of this RV tunnel.
8-21-2015 Intel Guru Aggiedad77 ...interesting news overnight...from the appearance of things....it looks as though Maliki...is looking in all directions for his future...he fails to see though the handwriting upon the Green Zone wall...his welcome mat is being pulled out of from beneath him...he is quickly becoming a pauper for they have taken away his toys and pretty things...the plane...the plane...the nice shiny gold bars...all the colorful currency...they are disappearing...his pockets will soon be turned inside out...The strength of Iraq does not come from embezzling politicians any longer, the strength comes from those who are ready for reform, those who stand for a new Iraq that is breaking chains left and right as they prepare to show the people and the world they can survive by focusing on integrity and honesty...kicking the old corrupt ways to the curb...watch for it...the BEST is yet to come.
8-21-2015 Intel/Newshound Guru tman23 ...I am in a positive frame of mind in regards to the reform of the IQD... How they arrive at a rate is unknown...But what is known is that they are on a -fast track- to get reforms in place.
8-21-2015 Intel Guru Frank26 [do you think we have a good chance of seeing 1 to 1 before 2016?] ONLY If we see DRS [Dr. Shabibi] back in this year. As for 1 to 1...Or INDEX to INDEX...The USD will still be involved with the IQD but with a lower ranking postion of Power and decision making. IOO...2016 / 17 is for the RV PHASE REFORM. Because there can be NO RV without the RI and none of them can exsist witout DRS lifting the 000's from a numb Program Rate.
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