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Official Central Bank of Iraq (CBI) Dinar Rate:
1166 IQD to 1 USD
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Dinar Gurus who feel Dinar will RV within days...
Dinar Gurus who feel the Dinar will NOT "Change" until certain "things" are accomplished...
Dinar Gurus' Official Master List of Possible Major " To Do's ":
Dinar Gurus who feel the Dinar will FLOAT "slowly" upward instead of RV...
10-1-2014 Newshound Guru Adam Montana [ I have 2 questions. 1)if HCL is approved,do you think there are any other obstacles that can interfere for RV? 2)how about the progress of HCL,is it bad or good?] I really don't see anything else - in order for the HCL to go through, the other obstacles need to be handled, and that's what they are doing right now... so I'd say it's going good!
10-1-2014 Newshound Guru Millionday WE ARE IN SUCH A DIFFERENT PLACE IN OUR INVESTMENT…WE HAVE HAD MANY LAWS PASSED IN THE LAST DAYS…AND ALL OF GREAT GREAT IMPORTANCE [Article] Parliament will form a special committee for the application of Article 140...THEY ARE SETTING UP THIS COMMITTEE TO KEEP ALL ISSUES CALM SO THAT THE APPLICATION OF ARTICLE 140 IS PER AGREEMENT… IT IS VERY OBVIOUS HERE THAT THE KURDS HAVE ANNOUNCED THAT THEY ARE VERY HAPPY IN THE PRESS WITH THE FEDERAL GOV…. HUGE CHANGE FROM WHERE WE BEGAN AND WHERE IRAQ HAS BEEN FOR ALL OF HISTORY… I REPORTED THAT THE KURDS HAVE JOINED THE GOVERNMENT AND THEY HAVE A TRUE UNIFIED GOV NOW
10-1-2014 Intel Guru OkieOilMan GOOD WEDNESDAY NIGHT AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. BY THIS TIME TOMMOROW YOU SHOULD BE HEARING THE NEWS THAT WE HAVE ALL BEEN WAITING TO HEAR. ALSO TONIGHT THERE WILL BE SOME HAPPY CAMPERS ON THE "LEFT COAST". REMEMBER WHEN THIS BLESSING OCCURS CONSIDER THIS--"WHAT YOU HAVE OBTAINED CHEAPLY DON'T ESTEEM TO HIGHLY". THERE SHOULD BE MORE DEFINED INTEL SHORTLY.
10-1-2014 Intel Guru Frank26 When they return a week from tomorrow ...IMO THE HCL will be in a perfect environment and ...Position of ...Check Mate.
10-1-2014 Newshound Guru Lojak Article quote: "the Ministry of Finance and Treasury that Iraq suffers from a financial deficit caused by the scary former Prime Minister Nuri al-Maliki could lead to cut the salaries of state employees in the coming months." the fact is that they are broke and have huge needs to move forward with monetary reform. Broke is broke and they need to pay many many bills. When banks over there in the green zone have to close regularly because they cant get cash from the CBI...thats not good. They have been limping along for 8 months, getting just enough denoms to survive 3 days at a time.-- and thats not an example of cashflow poor(aka broke) I dont know what is.
10-1-2014 Newshound Guru Adam Montana [ I am led to believe that there will be a pool of $$$$ for the higher rates but when that pool is used up you will have to accept a lower rate. It is on a first come first served basis so you want to get to the bank ASAP. Any input on that?] I'm going to say that's absolutely false - the rate is the rate, and in fact it may end up going UP as demand for it increases. Some people are under the impression that once the value raises, everyone and their mother is going to race to dump it. I strongly disagree with that idea - some people will race to the bank, but plenty of smart investors will actually be in BUY mode, which will have an effect on the value. Here's what I know for sure - There is no "pool" reserved for the first X dinars...
10-1-2014 Newshound Guru Lojak Article: "Parliament rapporteur: Minister Kurds will perform the constitutional right just after the Eid" they have struck a deal...an emergency session is in the very near future (not in the coming days...) lol.
10-1-2014 Newshound Guru Adam Montana ISIL/ISIS: There is no way the IS problem will ever be truly and completely eradicated, so the best we can realistically hope for is successful containment. With that said, there are continuing reports of IS militants being driven back, out of Iraq. ...the bottom line is that IS is less and less a major concern in Iraq as they are being dealt with, the budget resolution is in motion, and HCL won't be far behind that. [post 2 of 2]
10-1-2014 Newshound Guru Adam Montana Current situation: Budget: We are extremely close to seeing the budget passed, and in such a way that the Kurds will be happy with it. In fact, Salim Al-Jiburi (the Iraqi speaker) did meet with Yusuf Mohammed (speaker of the Kurdistan region’s parliament) just earlier today, and preliminary reports are showing that they are in agreement on how to move forward. In regards to the budget, it's interesting to know that more than 20% of the Kurdish regions people are on Government payroll, and that actually accounts for over 70% of the public spending (the money that Baghdad sends to them)... so not only do they want to resolve this quickly, but these are the same government officials who will be pushing hard for an increase in the value because it literally goes right in their own pockets when it happens! [post 1 of 2....stay tuned]
10-1-2014 Newshound Guru Lojak Article: "Parliament to resume its sessions on October 14, 2014" there will be emergency sessions well prior to that date... [Can Parliament swear in the Kurdish MPs before the 14th? Articles are saying the 2 month salaries can not be paid until they take the oath.] yes they can, just need an emergency session of Parl.
10-1-2014 Newshound Guru tlm724 Article: "Breaking News Parliament to resume its sessions on October 14, 2014" Abadi wants this budget passed asap but they can't do it UNTIL they come to a consensus with the kurds. they have to have inclusion or the country will fail and with their failure comes our failure...trust me when I say it must be done right this time, erasing the mistakes of Maliki is a huge job...
10-1-2014 Newshound Guru Kaperoni Article: "Council of Ministers asked the financial rewrite the budget deficit for the great" Good progress. The CoM will get the revised budget for 2014 to parliament this week. They have to start over reading it 3 times but we could have this approved mid October. [Didn't I see a new mandate where they only needed to read laws twice?] we will have to wait and see. In any case, it hopefully will pass within a week or so.
10-1-2014 Intel Guru Frank26 Headlines sound like a plan to vote on the budget after the GOI returns, however, articles also state that with or without the budget, the MR (Monetary Reform) will move forward. Article that the Kurds will be paid with the advancement of the budget; all of things are good for our investment. Article states that Abadi is waiting for financials to come to him, and also states that salaries will be paid before Eid; according to the COM, the payments to the Kurds is coming out of the 2014 budget, and the 2014 budget can only deal in IQD, they cannot use USD or other currency. Can the 2014 budget still contain a program rate of 1166? If it does, how could they be paying salaries? The MR is white hot, and the holiday break is a way to cool it down to accomplish what needs to be finished. [post 2 of 2]
10-1-2014 Intel Guru Frank26 The GOI is going on vacation on Saturday, Oct 4 and will return on Thursday, Oct 9 now...when the GOI returns, IMO, they will proceed with the MR [Monetary Reform]. Abadi is working on reform of 27 laws, and these must be finished before we can see an IR [International Rate]; he has until the end of 2014 to accomplish this, but we will see when the GOI returns on Oct 9 how long he takes; some of these pertain to the Erbil agreement. The budget is being audited now, and this is why we saw Barzani run to Baghdad; is the HCL being added to the budget? The disputes between the Kurds and Baghdad are settled IMO because he believes the Kurds have seen the budget and know it is very good for them. [post 1 of 2....stay tuned]
10-1-2014 Newshound Guru Kaperoni Iraq is making progress and the last month or so a significant shift towards passing laws and working to help the Iraqi people is happening. No doubt. But we need to be realistic that it may take another month or two for them to accomplish what is needed to create the right climate to open the economy in Iraq. Any change in dinar value will come as a result in Iraq's economic progress. We need to be patient and let it come to us.
10-1-2014 Intel/Newshound Guru tman23 Confirmed everybody is getting paid this week in Iraq...There is to be a planned announcement Wednesday evening.
Get caught up on the latest dinar updates from late last night below...
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9-30-2014 Intel Guru Delta [via BulldogFord65] all good news in Iraq right now, the 2 remaining ministers (interior and defense) need to be named, 50/50 chance that we’ll see it before the holiday; Kurds look happy and building trust and confidence with Baghdad; finance committee, COM all asking why the 000 have not been deleted; IMO, if we don’t see anything before the holiday, the second week of Oct after they come back from holiday will be very interesting.
9-30-2014 Newshound Guru Millionday [ I gather...the budget did not get passed today?] THE BUDGET WENT TO PARLIAMENT BUT WITH NO OIL FIGURES AND THEY HAVE ASKED FOR THOSE FIGURES SO THAT PARLIAMENT WILL TAKE IT. THEY HAVE BEEN WORKING ON IT INTO THE NIGHT AND I THINK THEY WENT HOME TO COME BACK EARLY AND FINISH. [any word on ministers getting seated?] ABADI STATED THAT THE LAST TWO WOULD BE BEFORE HOLIDAY AND IS CALLING AN EMERGENCY MEETING.
9-30-2014 Intel/Newshound Guru tman23 "In a statement, said the Council had received (treasures media) a copy, "the holiday of Eid al-Adha will begin from Saturday until Thursday of next week." it is now official. Baghdad – Prime Minister announced, Tuesday, that the holiday of Eid al-Adha begins Saturday and ends on Thursday next week.
9-30-2014 Intel/Newshound Guru Poppy3 WE ARE WITHIN THE LAST 48 HOURS OF THEIR DEADLINE ON BUDGET, LAWS, MINISTERS BEING COMPLETED. OUR QUESTION IS HOW MANY DEADLINES WILL THEY MAKE AND WILL THEY FINISH BEFORE THEIR HOLIDAY OR WILL THEY WORK INTO THE HOLIDAY TO FINISH? TODAY IS A EXCITING TIME FOR ALL IRAQ AND FOR YOU AND I.
9-30-2014 Newshound Guru OOTW AT THE PARLIAMENT SITE - THE FEDERATION COUNCIL BILL IS LISTED AS "PASSED LEGISLATION" IT ONLY NEEDS TO BE UPLOADED TO THE GAZETTE NOW TO BE ACTIVATED. THE FEDERATION COUNCIL ARE GUIDELINES WHICH UNAMI HELPED IRAQ TO DEVELOP WHICH SETS UP A GOVERNING BODY OVER THE ENTIRE IRAQI GOI AND LAW SYSTEM. IT'S TO BE COMPOSED OF FIVE HEADS AND TWO REPS FROM EACH PROVINCE. THEIR WORK OVERSEES ALL MAIN MINISTRIES AND PROJECTS. BECAUSE I CANNOT GET A FULL COPY OF THE UNAMI MANDATE I CAN'T SEE EVERYTHING, BUT THE WORD IS THAT IF MAHMOUD WANTS TO OVERTURN A LAW PRESENTED BEFORE HIM, WHICH HAS BEEN PASSED BY PARLIAMENT, THE FEDERATION COUNCIL CAN GIVE THE GO AHEAD TO IMPLEMENT THE LAW. IT TAKES MORE CONTROLS AWAY FROM A PM AND THE SJC...DISTRIBUTES POWER MORE EVENLY. [i.e. "inclusive" gov't?] EXACTLY. [So that's part of the power sharing agreement?] YES.
9-30-2014 Intel Guru WILDDUCK THERE IS NO GCR FOR DUMMIES BOOK DOWN AT BARNES AND NOBEL. THEY ONLY HAVE ONE CHANCE TO GET IT RIGHT. [seems like we just might be getting close!] THAT IS CORRECT, I BELIEVE WE ARE VERY CLOSE. [So..." Any Second Now " ?] I CONCUR WITH YOU. ...KNOW THAT THE EARTH ROTATES VERY FAST BUT YOU DO NOT FEEL IT, SO LIKE THE RV /GCR JUST BECAUSE YOU CANNOT SEE IT OR FEEL IT DOES NOT MEAN HUGE STRIDES ARE NOT TAKING PLACE. IMO WE ARE VERY CLOSE AND YOU CAN TELL BY THE LACK OF REAL NEWS. REMEMBER THIS IS A WORLD EVENT NOT JUST IRAQ. ALL THE PIECES HAVE TO BE IN THE RIGHT PLACE. THERE IS ONLY ONE CHANCE TO GET IT RIGHT. THERE IS NO DO OVER .
9-30-2014 Newshound Guru Lojak Article [via snowflakes] : "Cabinet decision paying salaries to staff " Quotes: "Magda al-Tamimi said Chairman of the Finance Committee in the House of Representatives interim cabinet did not reach a final decision on the salaries of the staff of the Kurdistan Region." "She said through a statement to Al-Tamimi Kordsat News: The Council of Ministers will hold a meeting tonight with the Interim Finance Committee in the House of Representatives for a final decision on the salaries of employees of the province of Kurdistan." Its the key to moving forward in a big way on many, many things. Based on information I just received, I have big faith that a positive result will come of this meeting.
9-30-2014 Newshound Guru Millionday AN EMERGENCY MEETING WILL HAPPEN BEFORE HOLIDAY -- THE KURDS HAVE JOINED THE GOV AND HAVE 4 MORE POSITIONS -- THEY WANTED 5 -- THE MEETING IS TO ANNOUNCE THE ENTIRE MINISTRY - THE BUDGET IS GOING TO PARL TOMORROW --- AND THEY FINISHED IT -- THE KURDS AND FEDERAL HAVE AGREED ON GOV AND THEY HAVE JOINED OFFICIALLY AND THE WAGES WILL BE THERE BEFORE HOLIDAYS WITHIN TWO DAYS THEY SAID. THE MEETING IS TO ANNOUNCE...AND WHAT I HAVE IS THEY ARE SWORN IN.
9-30-2014 Intel Guru MarkZ Ok so the weekend wasn't what I had hoped for...
Things were happening though and I am 'ok' with the progress.
9-30-2014 Newshound Guru Lojak Article: "Iraqi President: Baghdad Will Send Kurds’ Salaries Before Eid" Quote: "It is expected that in the Tuesday [today] meeting, the Baghdad government finalise a decision about sending the budget of the Kurdistan Region." I think this is needed still...this hopefully will get the Kurds engaged in the government and help vote the missing ministers in.
9-30-2014 Newshound Guru Millionday THE RATE RIGHT NOW IS 1166 -- THATS ALL. IT DOESNT MATTER IF 18 BACK ROOM MEETINGS GO ON AND THEY INVITE ALL THEIR FRIENDS -- THE ONLY ONE THAT CHANGES THE RATE IS CBI -- PERIOD. UNDERSTAND IF THE RATE IS NOT ON CBI -- IT HAS NOT CHANGED -- NO IF ANDS OR BUTS.
9-30-2014 Intel/Newshound Guru Poppy3 ...THE NEXT 48 HOUR OR LESS SHOULD SHOW UP WHAT THEY HAVE COMPLETED AND IF ALL IS COMPLETE THEN THE RATE CHANGE SHOULD FOLLOW VERY QUICKLY AFTERWORDS.
9-30-2014 Intel Guru DC [via Already Blessed] ...PLEASE KEEP IN MIND THAT THE GAZETTE IS PHYSICALLY LOCATED IN THE LAW LIBRARY IN BAGHDAD AND HAS NOT BEEN ONLINE FOR A FEW YEARS. HE WAS SURPRISED AND CONFUSED AS TO HOW THEY COULD PUBLISH ASPECTS OF THIS WITHOUT THIS BEING AN RV. HE THEN WENT TO THE CBI PEOPLE AND ASKED THEM HOW IT COULD BE PUBLISHED IN THE GAZETTE AND NOT HAVE A RV…"IS THIS ACCURATE!” AND THEY SAID, “YES, IT IS ACCURATE BUT WE JUST HAVEN’T DONE THE RV YET.” IT WAS ALSO RUNNING ON ALL THEIR TV SHOWS. [reference Guru DC post 9-29-2014]
9-30-2014 Newshound Guru Lojak b Once that vote is concluded positively, a whole chain of events will start. The Kurds will then show up in Parliament and support Abadi for his choice of security ministers--because they have 60 votes, which will put Abadi in the drivers seat on any vote he needs. And of course, Iraq doesnt have 4.5 billion laying around, they will need to quickly Rv the currency to pay not only the back salary, but they need to pay their own army, retirement salary, blah blah. Abadi NEEDS the Kurds to get things done. [post 2 of 2]
9-30-2014 Newshound Guru Lojak ...let me explain the goings on, so some on here can be up to speed. There are two Kurds on the Council of Ministers (the cabinet) that were voted on in Parliament --but actually have not been sworn in and havent participated in the cabinet activities as of yet. The kurds want their money, as least a written assurance they will have it soon--then they will participate in the cabinet. The articles yesterday suggesting that they had the support to get a large chunk of money ( some say 4.5 billion) in back salary were the start to what we need. One assumes based on the one MP from Kurdistan that Abadi has the support to get this done in the Cabinet meeting today. [post 1 of 2....stay tuned]
9-30-2014 Intel Guru Frank26 [via BulldogFord65] the budget is in the house and IMO, they still need to read it, and may take a couple of weeks to pass the budget, however we have seen oil tankers leave so perhaps they are already operating under the budget but it is not yet visible; perhaps in the next couple of weeks we will see more of the budget; there may be a domino effect set off by the budget; many items depend on what is it...it’s very possible that the budget does not contain the program rate, which would explain why it’s being guarded so closely. MR [Monetary Reform] is moving forward. IMO, we may see the seated GOI soon. 10/1 is “super hot, brilliant hot” for seeing the GOI emerge and possibly begin to reveal some of the budget through 10/10; if the budget is not revealed by 10/10, we look to 19th – 20th all of 2014; these dates are time frame studies to watch the GOI, budget, laws, MR.
9-30-2014 Intel/Newshound Guru tman23 Forget the budget...First they need to seat the Kurd ministers and as of now, Kurds request that Shaways to be moved from Finance Minister to Deputy PM and Zabari from Deputy PM to FM... such action takes a Parliament hearing...Abadi an Jabouri are discussing a special Parliament session which would seat the security ministers before Eid...And then the discussion if a quorum could be reached...Those expecting a RV this week will be disappointed once again...But 10/7 to 10/9 is a window to keep an eye on.
9-30-2014 Newshound/Intel Eagle1 [via BulldogFord65] IMO, everything is where we want it to be.
9-30-2014 Intel Guru Frank26 There is an internet rumor that the rate is in the Gazette – NO, it is not. [the Gazette is a real law library of the judicial arm of the GOI, the real website did not have a rate published...]
9-30-2014 Intel Guru EXOGEN October 1st we are looking for a number of things. 1. Bills to be paid 2. Approved Budget 3. The process of salaries in motion 4. LIVE RATE. [See the possible "to do list" in the Dinar Guru Resource Bar on the left]
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