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12-17-2014 Intel Guru TerryK WELL IM PRETTY EXCITED. WHAT DAY HAVE I TOLD YOU THAT IS MY FAVORITE DAY? THURSDAY IS MY DATE.
12-17-2014 Newshound Guru Enorrste The difference between "may" and "must" have to do with two different things. The CBI "must" get the street rate within 2% of the official rate. Once that is done, however, the street rate "may" fluctuate +/- 1% as long as it stays within 2% of the official rate. Remember, no one wants a "dirty exit" from the current exchange rate regime to a float, nor from Article XIV to Article VIII. These are both "one way streets" and the IMF is insistent that proper preparations be made PRIOR to acting. The simple fact is that the IMF has done this many many times and they know what is necessary for a successful transition. ...KAP [Guru Kaperoni] found a specific statement that says that the CBI MUST do some certain things before they will be ALLOWED to make the transition. This means that, behind the scenes, even though Iraq is sovereign, the IMF is really running the show. They will guarantee success, and for that we should be patient and grateful!
12-17-2014 Newshound Guru Tlar Article quote: "Yasser incumbent few days and folded the public pages of "2014" to remember later that the government program was the most significant economic event in Iraq's modern history" ...this is something to watch. My belief is that they are going to do it closer to the end of the month but who knows. They are ready, able and it just could be that they are willing to do it now... a few days is better than in the next phase, or soon, or some other foolish lead. The next few days to me means they will make an announcement of some kind that they themselves say is historic, sometime this week ending in Sunday the 21st.
12-17-2014 Intel/Newshound Guru tman23 Few INTERESTING FACTS...The top 2 in order for the Kurds to participate in the GOI were #1 The Federal Court Act. #2 The HCL Agreement. The Kurds demands had to be made good on by the end of December. Another interesting fact is Barzani was made a permanent member of DAVOS (economic forum). One of Barzani's open words in media and to Baghdad ..."The Kurdistan region will not deal in the 3 zeros"...AND the ESX will not open and be dealing in the 3 zeros. Yesterday an agreement was signed between Gorran and PUK on governing the city of Sulaimani. The city has not had any operating "ports" for Qi card withdrawals and banks were held back on cash transfers. The agreement opens the door now that the agreement is complete...And note: all before the END of DECEMBER.
12-17-2014 Intel/Newshound Guru Poppy3 GLORY!!! GLORY!!! GLORY!!! RATE IS COMING!!! SANTA - RATE IS COMING TO TOWN...REMEMBER EVERYONE BACK IN 2003 OIL PRICES WERE IN THE $60.00 DOLLAR RANGE SO NO WORRIES ABOUT THE RATE DROP EFFECTING THE INTRO MARKET RATE.
12-17-2014 Newshound Guru Millionday THEY ARE STATING THAT THE YEAR OF 2015 WILL BE REFLECTIVE OF THIS GREAT ECONOMIC EVENT AND THE PROGRAM UNITES ALL THE ECONOMIC VISIONS. THE PRICE OF OIL WILL NOT STOP THE EVENT AND THEY ARE MOVING FORWARD. SO THEY HOPE THE PRIVATE SECTOR WILL SUCCEED AND ARE MOVING TO A MARKET ECONOMY... [Does this mean not till 2015?] NO THIS DID NOT GIVE A DATE BUT SAID WITHIN A FEW DAYS. [Have they ever said "a few days" ever?] ...NO THEY HAVE NEVER SAID THAT. [post 2 of 2]
12-17-2014 Newshound Guru Millionday THIS NEWS IS AMAZING... Article quote: "Yasser incumbent few days and folded the public pages of "2014" to remember later that the government program was the most significant economic event in Iraq's modern history, being the first program after the year "2003" which meant economic affairs in a manner covering all aspects of the weaknesses and the way to address them and select the path of development true in the future." THEY ARE SAYING THAT WHAT IS HAPPENING IN A FEW DAYS WILL GO DOWN IN HISTORY AS THE FIRST ECONOMIC EVENT DESERVING SINCE 2003. THIS WILL ALL BE ON THEIR NEWS AND THEY ARE TALKING ABOUT THE GOV PROGRAMS AND HOW GREAT THEY ARE ECONOMICALLY. [post 1 of 2....stay tuned]
12-17-2014 Newshound Guru Kaperoni Until the CBI can show that they can comply with Article VIII (and hold it for 90 days), how in the heck will they ever be able to avail themselves from Article XIV to Article VIII? This is not an economic opinion or view that falls under some "disclaimer," it's an IMF rule...Simple as that! I am also sure that the IMF's rule/requirement is posted in numerous places throughout the IMF website when referencing Article VIII compliance ...what is imperative is that the CBI must be in 2% compliance. The Article IV Consultation is very specific and explicit when it talks to the CBI about this issue. As a result of the CBI not being able to get in compliance until Nov, they will not be able to request to exit XIV until at least Feb 28 or so. I am not saying they will request then, just that they cannot ask until then. On a side note...was said on TV Monday in regard to the dinar...that nothing will be done until next year. Which supports this information.
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12-16-2014 Intel/Newshound Guru Backdoc Article: "Ebadi calls to speed up passage of the budget next year" WITH AN UNKNOWN BOTTOM IN OIL, THE PARLIAMENT WILL BE MOTIVATED TO PASS THE BUDGET AND OPEN THE MARKET ECONOMY TO DIVERSIFY REVENUES QUICKLY!
12-16-2014 Newshound Guru sczin11 ...no budget today, emergency meeting by COM, on thursday, but, they did approve a few laws to go to GOI. ...pre 2003, oil at below $40, USD EXCHANGE AROUND 87 Cents, MORE OIL NOW, MORE BEING PURCHASED BY WORLD NOW, MORE TOURISM, SO WHATS THE PROBLEM HERE, WE ASK? IS THERE A PROBLEM, INHO, NOT! RIGHT ON SCHEDULE AS PER THEIR PLAN! ...looks like BY JAN 1, is what they are gearing for.
12-16-2014 Intel Guru Bulldog75 Our sleigh ride appears to end shortly after the New Year. The wonderful numbers appear to be a base of 3.33, and rise to 11.11, depending on one's timing, location and group.
12-16-2014 Intel/Newshound Guru Backdoc WE HAVE EVERY REASON TO BELIEVE AN INTERNATIONAL RATE WILL ARRIVE ON TIME TO START THE YEAR OFF RIGHT! AS THEY STATE, THEY ARE READY TO ACTIVATE THE AREAS OF THEIR ECONOMY! THEY ARE MORE THAN READY TO GO!!!
12-16-2014 Newshound Guru Millionday THEY ARE TO MEET ON ALL AMENDMENTS OF THE BUDGET ON TUESDAY OR BEFORE DEPENDENT ON HOW FAST THEY HAVE IT COMPLETE FOR DEFICIT CALCULATED CHANGES --- REMEMBER THE CALL FOR THE ACTIVATION OF LEGISLATION MEANS IT IS DONE AND ABLE TO BE ACTIVATED -- ALL GOOD NEWS. WE KNOW THAT THE GOVERNMENT PROGRAMS AND THE BUDGET ARE EXPECTED TO BEGIN IN THE BEGINNING OF JANUARY AND THEY INVOLVE MANY INTERNATIONAL CONTRACTS.
12-16-2014 Newshound Guru Aggiedad77 Article: "Finance Committee: 2015 budget to parliament table end of this month" A member of the Finance Committee is quoted as saying Parliament will get the budget for 2015, "later this month" ...does that mean on Thursday of this week, or one day next week...who knows...but I don't see the process being drawn out into early 2015 at this point...they just need to get their hands around the price of oil for 2015.
12-16-2014 Newshound Guru Tlar You could make the argument that the 2% rule itself was the reason they did not RV on the dates they wanted to. But those who have watched this soap opera might take this view differently as the facts of the Maliki's involvement with this independent body from trying to muscle it, trying to raid it, from using the Judicial branch against it, to trying to discredit it, all in an attempt to loot it, was the true root cause of no RV until now. Rules are meant to be bent in cases where the benefits of doing so are greater than the deficits of doing so. I also firmly believe that this project is late. When Christine Lagaurd gave her speech in January she suggested 2014 would see monumental improvements to the world economy. So far that prediction has not come to pass. Once again, I feel Iraq may be partly to blame having taken much longer to rid itself of the dictator than the international community thought it would and to unwind the mess he had created. Just my thoughts... [post 2 of 2]
12-16-2014 Newshound Guru Tlar If at 2% rule for 90 days is all important for Iraq to change the value of their currency, what did the IMF mean when they implied that their work with Iraq is done given they supposedly are only one month into a three month requirement? Based on...how difficult under the present monetary system it is to hold at 2% for an entire month let alone 90 days, one could almost assume that the IMF statement could mean they have "given up" on Iraq based on their history. We know this isn't true. Iraq has set a few dates when they thought they might RV only to pull back IMO because of the Maliki governments pressure. At the end of last year we know that the finance committee had let it slip that Turki had intended to delete the zeros in January of this year (2014). I speculated at the time that that leak caused a run on the banks as Iraqi's tried to get their dinars into a cash position. Either way, the CBI was not in compliance with the 2% rule. [post 1 of 2....stay tuned]
12-16-2014 Newshound Guru Millionday WHEN THE BUDGET IS DONE AND SENT TO PARLIAMENT THEY PLAN ON HAVING A ECONOMIC REFORM MEETING WITH MANY EXPERTS AND OFFICIALS -- HUGE NEWS. THE PREVIOUS GOV HAD A JOB TO DO AND THAT WAS TO HAVE THIS BUDGET READY MUCH SOONER -- THIS IS CAUSING PROBLEMS AND THEY HAVE HAD TO ADJUST ANYWAY -- SO THEY WILL BE DISCUSSING THE MANY INVESTORS AND ALSO THE CHANGES PROMISED AS THEY APPLY THEM FOR THE COUNTRY --- THIS HAS BEEN PROMISED BY THE END OF THE YEAR...IRAQ IS ON THE VERGE OF AN IMPORTANT AND STRONG ECONOMIC SITUATION. WE ARE AND THE CITIZENS WILL BE SEEING MANY ANNOUNCEMENTS TO DO WITH THE CHANGE COMING AS IT HAPPENS.
12-16-2014 Intel Guru TNT Tony [via Adept1] Good news. We are still in the window. People who work in banks and other places have been notified. We know there was a significant agreement made in Iraq over the weekend. We are actually good and just waiting...things are in motion. Everything is looking positive. All weekend we heard this was going forward. [what are your true feelings on this going through? How confident do you feel about what is going on right now?] Based on everything we have...I’m feeling 90% that it could happen. There was obviously a big event over the weekend that is pushing this forward, plus Abadi went on television on Saturday saying this is happening now. So I am feeling really good, and feeling it might happen in the next 24 hours.
12-16-2014 Intel Guru DC [via Adept1] Everyone is still exactly where they need to be in-country, with all the teams still there helping. Abadi, CBI and other politicians are saying they are doing the economic reform now, and tweets put that out over the weekend. Abadi gave several speeches over the weekend about the economic reform being in process. The same is being put on out on radio and television... The latest information we have is that three items came up at the last minute that the UST wanted. All very credible sources in and outside Iraq said that three banking laws needed to be finished up before they could announce the budget and the rate. Also, three regulations needed to be announced in a public way. Finally, there were three compliance issues to be announced. Then we heard yesterday that all these should be cleared up today [Monday] and publicly announced.
Nobody is going on vacation until this is done...So we understand everyone in Iraq is...all ready to get these issues resolved right away. ...they are working on all of them, and consensus is that it will go immediately after that. Everyone across the world is now expecting this.
12-16-2014 Intel Guru WILDDUCK NO MAGIC NO ILLUSION. JUST PROGRESS AND TIMING ON THE WORLD'S BIGGEST EVENT. THEY CANNOT GO DOWN TO BARNES AND NOBLE AND PICK UP A COPY OF GLOBAL CURRENCY RESET FOR DUMMIES. SO THIS MUST PROGRESS BASED ON REAL WORLD EVENTS AS THEY UNFOLD. WE ARE IN A GOOD PLACE THIS MORNING. MAYBE NOT THE PLACE BUT WAY BETTER THEN LAST YEAR. PATIENCE IS A GOOD THING. THERE IS ONLY ONE CHANCE TO GET THIS RIGHT THE FIRST TIME.
12-16-2014 Newshound Guru Adam Montana [Do the Iraqi's use the dinar for their daily use or do they use the USD ? And if it IS the dinar, is it the same as the dinar that we are holding? And What is the possibility that they might decide to print another dinar at the time of an RV creating our worst fears...a worthless piece of paper?] They use both USD and IQD. I am not concerned at all about them printing new notes that would render ours "worthless", simply because they need the world's support in order to RV. They can't do it alone... so we will be the lucky ducks riding the coattails of the big dogs.
12-15-2014 Intel/Newshound Guru Poppy3 ...ACCORDING TO MANY NEWS ARTICLES THE BUDGET AND COMPLETED HCL WILL BE IN PLACE NO LATER THAN JAN 1.
12-15-2014 Newshound Guru sczin11 OH, BTW, THE MARKET RATE HAS NOT BEEN AT 1190 OR LESS IN A VERY LONG TIME... IS THE 90 DAY STABILITY, WHEN THE CBI REPORTS SATURDAY AUCTIONS, USUALLY ON SUNDAY, THEY DO NOT REPORT A MARKET RATE FOR THE SATURDAY AUCTION...SO WE HAVE NO IDEA WHAT THE IMF LOOKS AT FOR THAT ONE. AND BTW, FOR ALL OUT THERE WHO DONT FOLLOW CURRENCY/STOCK/COMMODITY TRADING...A L L F L O A T! THEY ALL HAVE A BID AND ASK PRICE.. BUY AND SELL PRICE... ALL OF THEM.. NO EXCEPTIONS.. [post 2 of 2]
12-15-2014 Newshound Guru sczin11 IMF 2% Spread...I do not have the exact wording of this requirement, but, if we are to assume it does exist, simple math should prevail. The problem is, IMHO, we do NOT know which rates are being used to come up with this per cent spread. If we use 1166, the imposed rate, as the operational rate, and the market rate as published almost daily by the CBI ON THEIR WEBSITE, CBI.IQ, and we divide 1197, current published rate, into 1166, we get 2.6%, NOT 2%! This is the same percent spread the IMF mentioned in the last release, a few days ago. ...what rates are being used for this calculation? Why is below 1200 market rate, the BINGO NUMBER? Am I missing something here? [post 1 of 2....stay tuned]
12-15-2014 Newshound Guru Millionday THE CALL HAS BEEN MADE FOR THE LEGISLATION TO GO GLOBAL WITH THE DINAR RATE INTERNATIONALLY AND THE LEGISLATION TO ENTER GLOBAL SYSTEM STRUCTURE. WHOOOPOW! [...if they wouldnt be releasing the rate soon after establishing a rate, why bother calculating it? Right?] RIGHT -- THE REASON LISTED HERE IS TO MOVE FORWARD WITH CONTRACTS WHICH ARE DOMESTIC AND INTERNATIONAL -- THEY ARE TALKING GLOBAL SO WE WILL WAIT TO SEE ACTION. [post 2 of 2]
12-15-2014 Newshound Guru Millionday Report quote: "Hashimi demanded economic academic Dr. Majid Baidhani strengthening the peg to a basket of world currencies to distract the global financial crisis effects and the fluctuation of the dollar exchange rate in the economy of Iraq." THIS IS THE CALL TO CALCULATE THE DINAR EXCHANGE RATE FOR THE INTERNATIONAL CURRENCY RATES AND TRADE OF COURSE. THE CALCULATION WILL BE DONE TO THE BASKET OF CURRENCIES INSTEAD OF JUST THE DOLLAR DUE TO THE CHANGES THAT THE US DOLLAR IS INCURRING...THEY ARE STATING THAT THE CHANGES THAT HAPPEN AND CREATE AN UNSURE BALANCE COME FROM JUST BEING PAIRED TO THE US DOLLAR SO THEY WANT TO USE THE SDR BASKET SO IT IS MORE SECURE IN ITS RATE AND HELD AS WELL. [post 1 of 2....stay tuned]
12-15-2014 Intel/Newshound Guru Poppy3 THE COUNTRY OF IRAQ RESOURCES CAN SUPPORT IN EXCESS OF $11.00 PLUS AND THAT FIGURE WAS FROM 3 YEARS AGO AND THEY HAVE DISCOVERED 2 MAJOR OIL FIELDS SINCE THEN THEY DIDN'T EVEN KNOW THEY HAD.
12-15-2014 Newshound Guru Stryker 2015 Budget Update: Prime Minister al-Abadi's office has confirmed that the committee in charge of the 2015 Budget draft will present it to the Council of Ministers in tomorrows Tuesday meeting. And they have added that it will not take longer than two meetings to get it to parliament.
12-15-2014 Newshound Guru Tlar When the IMF indicated that their job with Iraq was done it got me to thinking. The overall responsibility of the IMF is to referee world currencies and level the playing field, so it makes me wonder what they mean when the say this. Personally I saw it as a small pat on the back that the IMF was giving themselves. I think by now we can all agree Iraq is ready to delete the zeros and that that, is their end goal. We can all agree that something is going to change otherwise why print the fils? That would have been a huge waste of public money. It is only the timing of this event that is disputable in my opinion. My money is on this happening whether all the legislation gets done before or not. My money is on Article VIII happening when the value is introduced and not before. My money is on this happening whether the budget is done or not. I would also like to say this is my opinion, not intel. I think they would be foolish to let the momentum die by waiting another year. [post 2 of 2]
12-15-2014 Newshound Guru Tlar I think the move to article VIII will be in conjunction with the change in monetary policy. I also think that all the laws albeit important, will fall when they fall and have at this time little bearing on monetary policy. The economic draw to investors, IMO will be the currency. The most important legislation, the budget, which sets the stage for economic development in Iraq, the CBI has already said that they will do it when the timing is right whether the budget is done or not. It is worrisome to me that Saleh said the timing would be better in 2016 but Abadi seems desperate to get this economy going. Personally at this point in the game, I think they would be crazy to hold this back another year. They can pass all the laws they want and promise a better future to the people but without an international currency, what has really changed? So my gut is telling me that for the new era to begin, they must now show their cards. [post 1 of 2....stay tuned]
12-15-2014 Intel/Newshound Guru Poppy3 i have never wavered from my research and what the powers that be have stated the rate that was approved and even though they have had many new meetings with the imf not one cbi or imf official has ever stated a different rate. In oct 2010 the IMF web site stated they had approved a new rate on DINAR of $3.22 plus up to 20% more for inflation since the war started. That means up to $3.86 at the highest. Dr Shabibi whom never lied to us about anything stated they wanted to have a median flat rate they can manage for 24 to 36 months while they further grow their economy before going to a float.
12-15-2014 Newshound Guru sczin11 [From what I've read, the 2% relates to the spread in any 90 day period within a managed float. It has nothing to do with what the initial rate is.] B I N G O! AND THE IMF DOCS I HAVE READ, HUNDREDS OF PAGES, CLEARLY STATE IRAQ SHOULD COME BACK WITH THEIR PRE SADAAM RATE OF $3.22, AND POSSIBLE COST OF LIVING ADJUSTMENT OF 20% INCREASE/HIGHER... AND OTHER REPORTS AND ARTICLES CLEARLY STATE THEY SHOULD BE CLOSE TO KUWAIT IF NOT A LITTLE HIGHER, AS THEY SHARE A PIPELINE AND HAVE TO BE BROTHERLY COUNTRIES.
12-15-2014 Newshound Guru OOTW THE INFORMATION KAP [See GURU KAPERONI post 12-13-2014] IS TALKING ABOUT IS FROM A PUBLICATION PUT OUT BY THE IMF IN 2006...AND YES I'VE READ IT FOUR TIMES THIS WEEK, IT DOES STATE THAT THE COUNTRY NEEDS TO STICK TO UNDER 2% PARITY FOR A CONSECUTIVE OF 90 DAYS. THIS DOESN'T MEAN IT DOESN'T STILL HOLD TRUE...WE JUST DON'T KNOW ...EVERY EXCHANGE REGIME AGREED UPON WITH THE IMF IS [DIFFERENT] FOR EVERY COUNTRY. [how many days has it been since under 2%?] SINCE NOVEMBER 30. WE'RE LOOKING AT END OF FEBRUARY IF AND I SAY IF THIS IS TRUE.
12-14-2014 Newshound Guru sczin11 WHAT WE DO KNOW IS THAT THE RAPID MOVEMENT OF NEIGHBORING AND FAR AWAY COUNTRIES TO SET UP SHOP IN IRAQ IS RAMPANT! The participation of the globe in the war against ISIS is real! The technological advancements are clear! the laws being read, and passed are vast! the internal corruption is being cleaned up with full transparency! and most significant to me, IMHO, the world is VERY involved with the BUILDING OF THE NEW IRAQ, FOR A REASON! Folks, we are holding a life changing currency, and let no one tell you otherwise! THE SOVEREIGN, PROUD, RICH AND POWERFUL COUNTRY, WE KNOW AS IRAQ, WILL BE BACK IN THE HEARTS OF THE WORLD, AT SOME POINT IN THE FUTURE! [post 2 of 2]
12-14-2014 Newshound Guru sczin11 WHERE ARE WE NOW! I dislike a phrase I use often, however, it is SO appropriate when it comes to the event we all await; "WE DON'T KNOW, WHAT WE DON'T KNOW!" Each time we think we have a handle on the process, and it looks to be the trigger we await, we are hit with additional unforeseen news, of something new in the horizon that must be completed! Are the banking laws completed? are the investment laws resolved? is the CBI rate of exchange in compliance with IMF requirements? Is the country stable? is the government stable? is the CBI truly ready? are the local banks all hooked up to the electronic systems? are the QI/Smart cards fully distributed? are the ports all set up for the custom tariffs to be executed? etc... etc...The answer to these questions is.... We dont know, what we dont know! [post 1 of 2....stay tuned]
12-15-2014 Newshound Guru Tlar So with that in mind I believe we will see the monetary change between the 25th of Dec to the 31st. A new Iraq will go global on the 1st of January in my opinion and the currency is the icing on the cake. I feel that they will not pass up this opportunity again. I also think we will see a reality rate right out of the shoot. I think the CBI is unwilling to shock their society but one time. Not the two step process that they were asked to do. They are on a mission to save Iraq. They are about to do it if they stay the course. Going global is a big part of their strategy. They know there is no choice but to succeed. Again this is my opinion. According to the intel this should already have been done. Change is about all you can expect in a violent storm. Goals and targets are set. As frustrating as it is, they are the moving target. I think this time they will get it right. At least I hope so. [post 2 of 2]
12-15-2014 Newshound Guru Tlar I...am a firm believer that all the stalling, the stop and go, is over at this point. I think that the basic holdup over the last month has been that they are so close to the new accounting period (Jan 1st) that they had decided to wait. Through the years the CBI has said that the ideal time is to start on a new calender year so it would not surprise me if that is what they are going to do. We know they are ready because they have said they were ready. We know they have minted the fils because they told us they minted the fils. We can assume that the smalls are printed because they just went through a major printing but so far have released only the replacement notes, not the new smalls. We also know based on what the CBI told us that they will delete the zeros even if the budget is not done, but will do it when the time is right. Then we just heard that the ATM'S will only be ready to do business when they delete the zeros, but are ready and in place...they can only go so far without a currency. Can you imagine with all the new laws passed and getting ready to be passed along with a budget, that they would hold for another 12 months? I personally think that it is the currency that will make it all come together. [post 1 of 2....stay tuned]
12-14-2014 Intel/Newshound Guru Backdoc SINCE THE BUDGET AND HCL ARE TIED TOGETHER A RATE MUST BE GIVEN TO COMPLETE THE AGREEMENTS! WHATEVER RATE IS LAUNCHED CAN’T INCREASE THE NOTE COUNT DRAMATICALLY OR THEY WILL DESTROY ALL THE WORK THEY HAVE DONE IN THE PAST 6 YEARS ON REDUCING THE NOTE COUNT! AN INCREASE TO THE NOTE COUNT WOULD DAMAGE THE CURRENCY’S VALUE! THEREFORE A HIGHER RATE IN THE CURRENT CIRCUMSTANCES WOULD DO LESS DAMAGE TO THE CURRENCY! WHAT BETTER TIME TO LAUNCH A CURRENCY WITH SIGNIFICANT VALUE WHEN CASH FLOW IS LOW AND MORE PURCHASING POWER IS NEEDED? I CERTAINLY DON’T EXPECT UNDER A DOLLAR FOR STARTERS SINCE IT WILL DESTROY THE WORK ON THE NOTE COUNT!
12-14-2014 Newshound Guru Aggiedad77 Me personally, I am looking for some surprising actions by PM Abadi, but they may not happen until after the new year...and I'm ok with that for now...Abadi is thinking and working like the engineer he is...very methodical, check the answers and re-check before committing, sticking with the prescribed game plan, and when something like the issues with oil prices jumps up, don't over-react to it. Being of an engineering background myself, I like how this guy is operating and running things...for once I am not overly worried with their next actions.
12-14-2014 Newshound Guru sczin11 [new guru] NOTE TO ALL.. JUST FOR REVIEW, AND FOR THOSE OUT THERE WHO TRULY DONT FOLLOW THE POLITICAL CHAIN OF COMMAND IN IRAQ... ALL LAWS ARE BROUGHT BEFORE THE IRAQ CABINET, ALSO KNOWN AS THE COUNCIL OF MINISTERS, OR COM FOR SHORT FIRST, FOR APPROVAL...ONCE APPROVED, THE LAWS ARE PASSED TO THE GOVERNMENT OF IRAQ, ALSO CALLED GOI, WHICH IS THEIR PARLIAMENT... PARLIAMENT MUST READ EACH LAW 2 TIMES, AND THEN VOTE... ONCE APPROVED SENT BACK TO THE COUNCIL OF MINISTERS FOR ENTRY, WRITING, IN THE GAZETTE... THEIR OFFICIAL BOOK!
12-14-2014 Intel Guru Frank26 [via okrocks] The GOI looked right into the camera and said that they are about to activate economic reforms on the dinar that will be beneficial for their currency. It is of our opinion that Abadi is now going to become a proponent for the dinar to have a rate change.
12-14-2014 Intel/Newshound Guru Poppy3 RUMORS IN THE BANKS ARE RUNNING WILD RIGHT NOW. I DON'T SHARE MUCH OF IT BECAUSE IT IS JUST RUMORS TILL WE GET SOLID CONFIRMATION BUT I WILL JUST SAY SOME PERSONAL BANKERS ARE NOW ACKNOWLEDGING THIS IS GOING TO REALLY HAPPEN WHEN THEY HAVE SAID FOREVER IT WILL NOT. I FIND THAT EXTREMELY ENCOURAGING AT THIS POINT OF THE INVESTMENT.
12-14-2014 Newshound Guru My Ladies IRAQ NEEDS THE BUDGET AND THEY NEED IT NOW SO WE CAN PROBABLY SAFELY SAY WE SHOULD SEE AN INTERNATIONAL RATE REAL SOON. THEY ARE SAYING THEY WILL MEET FOR THE BUDGET FOR TUESDAY, SO LETS SEE WHAT HAPPENS BETWEEN NOW AND THEN. IN ORDER TO SHOW THE BUDGET THEY NEED THE CBI TO SHOW THE RATE OR ANYONE ON THE PLANET THAT READS AND WRITES ARABIC AND OWN A CALCULATOR WOULD BE ABLE TO FIGURE IT OUT. ALSO LAST WEEK WE SAW THE CBI SAY THEY HAVE A SPECIFIC TIME FOR DELETING THE ZEROS AND THEY EVEN LED US TO CONCLUDE WHAT THE RATE MAY POSSIBLY BE... SAYING...RETURN TO THEIR REGIONAL AND GLOBAL STATUS; REDUCE THE DIFFERENCE BETWEEN THE DINAR AND REGIONAL CURRENCIES? THE CBI HAS A SPECIFIC TIME? ...WE BELIEVE THAT TIME IS HERE. EVERYTHING IS IN MOTION IT WILL NOT BE STOPPED AGAIN WE THINK THIS RIDE IS ALMOST OVER. [post 2 of 2]
12-14-2014 Newshound Guru My Ladies ...IT WOULD SEEM WE ARE AT A VERY CRUCIAL PLACE RIGHT NOW IN IRAQ. WE ARE RIGHT UPON THE INTERNATIONAL RELEASE OF THE NEW RATE...WE HAVE BEEN SAYING ...THAT THINGS IN IRAQ ARE DONE. THEY CAN NOT GO ANY FURTHER WITH REFORMS OR LAWS WITH OUT MONEY. THEY HAVE TOLD THE INTERNATIONAL STAGE THEY WILL IMPLEMENT HCL ON JANUARY 1. HOW WILL THEY DO THAT WITH OUT MONEY? THERE ARE MANY MANY OTHER LAWS THAT IRAQ NEEDS LIKE THE INVESTMENT LAW IS A GOOD ONE, BUT HOW WILL THEY TAKE THAT LAW ANY FURTHER WITH OUT AN INTERNATIONAL STAGE? HOW WILL THEY CONVINCE OUTSIDE COMPANIES TO INVEST WHEN THEIR PRIVATE SECTOR IS NOT CAPITALIZED? IRAQ NEEDS AN INTERNATIONAL STAGE TO CONTINUE. [post 1 of 2....stay tuned]
12-14-2014 Newshound Guru OOTW THE GAZETTE'S BEEN DOWN FOR WEEKS SO I CAN'T RESEARCH BUT WE DO KNOW THAT TRADE AGREEMENTS WITH KUWAIT, ARMENIA AND JORDAN HAVE BEEN PASSED INTO LAW...AND COMBINED WITH THE NEWS ABOUT IRAQ DELAYING KUWAIT'S REPAYMENTS...IT'S ALL GOOD, KUWAIT WILL BE HAPPY THEY HAVE THAT AGREEMENT IN LAW NOW.
12-14-2014 Intel/Newshound Guru Poppy3 Article quote: "Saleh added, "We need to reform the currency management and accounting systems in the country in general. This can only be initiated in a new fiscal year." TO ME IT IS SAYING WE WILL BE READY AND HAVE THE RELEASE COMPLETED BEFORE JAN 1.
12-14-2014 Intel Guru TerryK I'M HEARING ALOT OF GOOD THINGS TODAY ON THE PROGRESS OF IRAQ...SO I WOULD NOT BE SURPRISED AT ALL IF SOMETHING DID NOT HAPPEN WITHIN THESE NEXT FEW DAYS.
12-14-2014 Intel/Newshound Guru Backdoc THE TIME APPEARS RIPE FOR IRAQ TO LAUNCH THEIR ECONOMIC SECTOR! THEY NEED TO DIVERSIFY AND DO IT QUICKLY IN A FALLING REVENUE ENVIRONMENT! AGAIN, THE CHANGE IN SECURITY IN BAGDAD IS MORE THAN INTERESTING AS WELL AS THE MILITARY GAINS IRAQ HAS RECENTLY MADE! HOW LONG CAN IRAQ WAIT IN THIS ENVIRONMENT? NOT LONG! SEEING ARTICLES OF POTENTIAL BANKRUPTCY MAY ALSO HELP SCARE SOME TO SELL OUT OF THEIR CURRENCY HELPING TO DROP THE NOTE COUNT EVEN FURTHER! ...WHEN THINGS LOOK THE WORST THEY ARE THE BEST!! IT’S TIME FOR IRAQ TO TAKE ITS' DONOR STATUS TO THE DOLLAR AS THE LONELIEST CURRENCY IN THE WORLD! #1 IS THE LONELIEST NUMBER!
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