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5-6-2015 Newshound Guru Aggiedad77 Article: "Balaguetsadah parliamentary: Member of Iraq on the verge of an economic breakthrough and no fear on the employees' salaries" A member of the Economic and Investment Committee states that she believes Iraq is on the verge of an economic breakthrough...that is being brought forth partially by high oil prices....and that such an event will definitely lead to security with regard to payment of employee salaries...they again state the reserves exceed $60 billion dollars and they have in excess of 80 tonnes of gold.
5-6-2015 Intel/Newshound Guru tman23 Just expect to see a picture of the new 50,000 note in the coming days...If there are 3 zeros on that note...This venture is over...If there is the number 50 with a solid block after the 50# to the corner of the note...were still in the game!! You bet we all are hopeful...and after the 15th...it is everyday eyes wide open!!
5-6-2015 Newshound Guru Adam Montana ...Iraq announced they would be applying for a credit rating from multiple major sources...that's some of the best news I've heard in a LONG time, and there won't be many more that big until the HCL is permanent. On that note, let's talk about HCL for a second. As of last week, we had extremely solid news that the KRG and Baghdad are skipping along, arm in arm, like never before. The news was a little misleading, as it sounded like they were already exchanging at above the expected rate in BPD. ...while the Kurds are on their way to exceeding the expected amount, they are actually working their way up to that number: Quote: "... parliamentary member Awad al-Awadi said the oil agreement between the federal government and the Kurdistan Iraq was applied gradually, but until now did not reach the level of the export of 550 barrels per day..." Of course, none of it matters until we can go exchange for a lot more $'s than we currently have. As of right now, the ship is still heading in the right direction, so... we wait.
5-6-2015 Intel Guru Jester IT SEEMS TO ME THAT THE END COULD BE... AND PROBABLY IS... NEARLY READY TO GO... I AM HEARING THAT IT COULD BE READY TO GO AS EARLY AS MID TO END OF JUNE... ABADI IS...TALKING ABOUT GETTING THINGS DONE. THE FACT OF THE MATTER IS THE END IS NEAR... ONE WAY OR THE OTHER THIS THING IS GOING TO MOVE FORWARD.
5-6-2015 Newshound/Intel Guru BGG they are going to print a 50 DINAR NOTE - with the value of a 50K dinar note...so a 50 Dinar note worth (43$) US...their own words. Why new currency and what happens if they leave us out? (The old currency)... my answer...is simple - they cannot. The GOI and you and I are in the very same boat. It would be highly, highly, highly improbable the WB, IMF, etc, etc, would allow the GOI to help themselves to a massive bump in spending power (helping to bridge their budget issues for 2015) and leave us (and the rest of the world) out of the mix. I just don't see that happening.
5-6-22015 Intel/Newshound Guru Poppy3 ...I WAS LISTENING WHEN ABADI ASKED THE PEOPLE TO BE PATIENT AND ALL WOULD BE DONE BY JUNE. I THINK HE MEANS REFORM WILL BE COMPLETE THIS MONTH. FINE BY ME.
5-6-2015 Newshound/Intel Guru BGG [The question is...How close are we to that tipping point?] as far as Iraq is concerned - very. [very...is that closer than soon?] VERY.
5-6-2015 Newshound Guru Kaperoni Article quote: "the issuance of more than the limit established Iraqi groups will lead to the low level of the Iraqi dinar against the dollar and other currencies as well as increased financial and economic inflation in Iraq, which is already suffering a financial and economic crisis stifling." Of course, the Iraqis are as confused as we are...and this guy is right...if they were to print (they are not) a 50,000 dinar note and release it, it would increase the money supply, cause the dinar to depreciate in value and the result would be higher inflation. Not to mention, it would not solve any issues they have pertaining to advancing the economy and banking system. As we said many times, this would be outright stupid. Since there are so many articles on this topic, we can only assume this is some creative way to notify citizens of some pending change...but we will all have to wait and watch.
5-5-2015 Newshound Guru Millionday CBI HAS STATED THAT IRAQ IS READY TO MOVE FORWARD -- THE GREEN LIGHT -- LOVE THE GREEN LIGHT. PARLIAMENT IS MOVED TO THURSDAY AND NO MENTION OF THE HUGE LAWS THEY ARE HUSTLING TO GET DONE ALL AT ONCE -- SO THIS IS SOMETHING WE SHOULD WATCH FOR AND EXPECT -- NEWS SHOULD BE COMING OUT ABOUT WORLD BANK AND THE DELEGATION OF COURSE -- AND MOST IMPORTANTLY -- WE ARE SICK TO NO END OF WAITING -- SMILE.
5-5-2015 Newshound Guru wmawhite [what would that take to do so?] It would take the CBI to announce to the world that its currency will be treated as any other and that the CBI will start paying foreign remittences/bills with the IQD. In order to do so the CBI would announce that the true value of the IQD compared to other currencies is such and such. [...a call earlier...stated iraq requested to go international on Thursday. Any truth/thoughts on this?] IMO...the CBI doesn't have to request jack from anybody...when it decides it is best to do so it will tell the world what the rules are for the IQD. [post 2 of 2]
5-5-2015 Newshound Guru wmawhite ...the loans that the IMF is making to the GOI has nothing to do with the CBI introducing the IQD to the world currency markets. These are two totally different events. Question: who owns the Iraqi Dinar? look on the notes you have...answer: CBI. Iraq needs the ability to have a citizen travel to any country in the world a walk into a bank with a certified check drawn on an Iraqi bank and open an account in that country. Just as an American, British, French or whoever can do today. [post 1 of 2....stay tuned]
5-5-2015 Newshound Guru Kaperoni Article quote: "the Ministry of Finance and the General Customs Authority refused to reverse the decision to apply tariffs despite the protest traders and demonstrations that have occurred in some southern ports..." Sounded like they were going to hold off on tariffs (at least in some areas), but now this article is matter of fact...tariffs in effect in all areas.
5-5-2015 Intel/Newshound Guru Poppy3 ABADI HAS STATED REGARDLESS OF HOLIDAYS OF ANY KIND THEY WILL NOT STOP OR POSTPONE ANYTHING TO DO WITH COMPLETING FINANCE REFORM.
5-5-2015 Newshound Guru wmawhite Remember...the CBI can tell everybody inside Iraq something is now worth whatever but it will not matter IF...IF...the prices on the shelves do not change. The only way the prices of goods change is if the international exchange rate of the IQD increases DRAMATICALLY...the key is the value of the dinar OUTSIDE of Iraq...because the dinar is worth a dinar inside...Iraq imports 90% of all goods. The 1166 has to change ALOT! [can they drop the 3 zeroes in-country only? change the prices (use the new bar code) to reflect this change in value and not be in effect outside of Iraq?] the term "three zeros" ... "delete three zeros" have different meanings depending on the context it is used in...but none of these lower notes will work without a change in the value outside of Iraq.
5-5-2015 Intel/Newshound Guru tman23 I was told Saturday that Abadi met with "committees" and "described" the removing of the zeros from the currency process. THIS WOULD NOT BE DONE IF THE PROJECT TO REMOVE 3 ZEROS WERE DELAYED OR CANCELED.
5-5-2015 Newshound Guru Aggiedad77 Article: "Iraq is seeking to apply for a loan from the International Monetary after the deficit estimate by about $ 25 billion" Family I want to point to something that looks crazy with today's news...all this talk today about money from the IMF...it all sounds like it just happened today...this discussion about loans...this has been an ongoing thing for weeks, maybe a month or better now...why present this in such a light today as though it was a newly discovered idea...this is old news...really old news...muddy waters tell of a storm to come...they tell of a flood that is on its way...the mud pushes ahead of the bigger event giving warning to all in its path...this could be like a warning of the good that is headed our way.
5-5-2015 Intel Guru TerryK WELL GOT THIS CALL LATE LATE LAST NIGHT TELLING ME THAT WE ARE TO SEE THE RV TODAY OR TONIGHT. WITH ALL THESE LOANS THAT IRAQ IS GETTING AT THE RATE THEY ARE PAYING BACK I WOULD SAY THAT WE GOTTA BE RIGHT THERE.
5-5-2015 Newshound Guru Millionday [2 years to complete...are we looking at a float then or just that it will take that long to get all the notes off the street?] JUST THAT IT WILL TAKE THAT LONG TO GET THEM ALL BACK OUT OF CIRCULATION WHICH IS NOT UNCOMMON WITH A SERIES CHANGE -- IT NORMALLY TAKES SOME TIME TO GET THEM ALL BACK IN. THE RATE WILL BE SET AND THE EXCHANGE OF THE BILLS REPRESENTING THE AMOUNT OF TENDER HAS NOTHING TO DO WITH THE GAIN IN VALUE -- LOTS OF THINGS MAKE ME FEEL AS THOUGH WE ARE CLOSE... [post 2 of 2]
5-5-2015 Newshound Guru Millionday Article quote: "Governor of the Central Bank announced on the Keywords, on Monday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation..." THE PROCESS OF THE DELETION OF THE THREE ZEROS HAS BEEN GIVEN THE GREEN LIGHT AND HAS BEEN ANNOUNCED IN A PRESS CONFERENCE -- THIS PROCESS WILL TAKE A COUPLE YEARS BEFORE ALL THE BILLS WILL BE TAKEN IN AS EXPECTED -- ACCORDING TO THE GOVERNOR OF CBI (WHO HAS THE INDEPENDENT POWER TO DO SO) THAT THE PROJECT HAS BEEN GIVEN THE GO AHEAD TO BEGIN...OBVIOUSLY CBI AND OTHERS...BELIEVE THAT IT IS A GREAT TIME -- THIS IS THE ANNOUNCEMENT THAT IT IS TIME (GREEN LIGHT) -- WHOOOOPOW. [post 1 of 2....stay tuned]
5-5-2015 Intel Guru Jester THERE IS NOTHING LEFT TO DO... EVERY MAJOR THING IS DONE... EVERYONE IS WAITING... THEY HAVE HAD THE FINGER ON THE TRIGGER SEVERAL TIMES...WE CAN TELL WHEN IT LOOKS GOOD BECAUSE IRAQ STARTS TO PLAY IT ON TV... NOW THEY ARE NOT...NOW IT IS A TIMING ISSUE IN MY OPINION... HOW LONG CAN THEY HOLD ON IS THE QUESTION...
5-5-2015 Intel Guru Frank26 Bonds are in IQD...that should hit you right in the heart! The WB loaned them money...not in USD...but in IQD! This is good! The bonds will explode Iraq! Oil per barrel is what they’ll use to value them. Other countries want to come in...but they can’t because they are still on the 1166 program rate. Countries are excited about the news of the expired 50’s... Do you see the 50’s issued? No! ...Delta said the rate will change this week or next week...before they issue the notes. Everything is waiting for the program rate to go bye-bye. So DELTA posted on Sunday...“IMO...it looks like the rate may be between 1.16 to 1.19 per dollar...that’s between .85 to .86 cents.” Keep in mind if the lower denoms come out (tomorrow or soon) ...that means there is a new rate out. If the new 50’s come out , they can leave them at the program rate (1166) and...they continue this monetary reform. Everything that has been going on has been great for the MR. Countries are salivating to come into Iraq. [post 2 of 2]
5-5-2015 Intel Guru Frank26 [via FrostyTheSnowman] When Abadi went to DC...he went to see various departments. Now the articles come out supporting what Abadi asked for. Now M [Maliki] seems to be in a coma? Wasn’t that one of the things Dr. S [Shabibi] asked for...[security]? M needed to be contained to secure Dr. S security. Now articles appear to support that. Dr. S goes to see a lot of Central Bank governors...bouncing from country to country...central bank to central bank because he was given the “green-light” and the security to do what he needed to do. Dr. S had an incredible meeting with a dear friend who he associated with at the IMF & WB...(Jens). Dr. S needed “bonds” asap so Jens opened the door for him. The problem is the bonds are still showing at 1166 but they are now in “position.” When Abadi went to DC he got a lot of things and a new credit rating was one of them. As you know you need a good credit rating before you can sell bonds. The rating...it’s a sovereign rating. Jens moved a lot forward... QUICKLY for Dr. S. Iraq went up to a AAA rating! That’s what needed to happen for Article 8. They can now sell the bonds because they got their credit rating jacked-up! [post 1 of 2....stay tuned]
5-5-2015 Newshound/Intel Guru Bluedog I HAVE A VERY BRIGHT OUTLOOK ON VIETNAM...VIETNAM IS SMART AND AS I SAID ...IRAQ AND VIETNAM ARE HOT SPOTS RIGHT NOW.
5-5-2015 Intel/Newshound Guru Poppy3 HAD THREE PEOPLE WRITE... ASKING THAT SAME OLD QUESTION...WHAT IS THE HOLD UP NOW. ...LET ME SAY THIS AGAIN...THIS IS A WORLD CHANGING EVENT AND ABOUT 20 COUNTRIES THAT REGULARLY TRADE WITH IRAQ...WILL BE STRONGLY EFFECTED ALONG WITH THE USA. THIS IS NOT JUST A BANKING TRANSACTION WHERE YOU SIGN 30, 40 PAGES OF DOCUMENTS AND ITS ALL OVER. THERE ARE AND Have been tons of details that must be performed CONCERNING AND INCLUDING MANY WORLD TRANSACTIONS ...WE KNOW BEYOND A SHADOW OF DOUBT THE LEADERS KNOW WHAT IS NEXT ...WHETHER WE HAVE A CLUE DOESNT MATTER AS LONG AS THEY KNOW. NOTHING IS HOLDING THIS UP...WHEN THEY FINISH WE GET A RATE PERIOD NOT A MINUTE BEFORE. THEY WON'T WAIT FOR RELIGIOUS, OR BANKING TIMES OR ANY THREAT, THEY WILL RELEASE PERIOD. RELAX YA'LL...WE ARE GOOD ANYTIME.
5-5-2015 Intel Guru Mnt Goat We simply have to wait for Iraq to accomplish the tasks they need to complete the process...such as the much needed laws and get their security situation under control. For security - Did I say all crime and corruption must end prior to an RV? No...What I did say is it must get UNDER CONTROL. Did I say all the laws must be in place? No – What I did...say is the USA is standing firm at least on those laws associated and needed for the RECONCILIATION and SECURITY effort. These laws must be passed and implemented. These are the National Guard law, Amnesty laws and full HCL implementation. [See the Dinar Guru Resource Bar on the left for the possible "to do" list...]
5-4-2015 Newshound Guru wmawhite I do not know how much...other than believing it will not be 1166... Remember, the exchange rate is ONLY relative to currencies outside of Iraq...it doesn't apply to inside. In other words...when we see something written about the costs of the dollar or dinar those are stories about the street exchange/buy/sell...not what we are waiting on.
5-4-2015 Intel/Newshound Guru Backdoc [IMO Vietnam is totally ready for this - All the pieces are in place for Vietnam to RV.] I AGREE...!
5-4-2015 Newshound Guru Millionday [What is your thoughts on a 1 to 1 rate to move people away from the dollar and gain confidence in the Dinar?] I THINK THAT THE CULTURE OF IRAQ WILL MOVE THE DINAR TO A CONFIDENT TENDER. THEY HAVE PRIDE IN THEIR CURRENCY THROUGH BUSINESS IN THE REGION AND THE GLOBE -- SO THE STEP TO THE MONETARY POLICY AND THE CONFIDENCE THAT IRAQ WILL GAIN FROM MAJOR ECONOMIC GIANTS. THE RATE HAS NOT BEEN RELEASED BUT THEY HAVE STATED THAT IT WILL BE THE GREATEST IN THE REGION -- ITS ALL IN HOW YOU TRANSLATE THE STATEMENT -- BUT I DO NOT KNOW THE RATE OR DATE.
5-4-2015 Intel/Newshound Guru tman23 ...Iraq for the past few weeks has had Card centers opened 7 days a week...18 hrs a day. There is no doubt Iraq has a plan with regards to roll out the "new currency" and handle the old...With a shortage of currency/lack of liquidity/ and switching everyone over to direct deposit on Qi Cards...Can you think of a better time for monetary reform and introduction of new currency?
5-4-2015 Newshound Guru Millionday [will all this progress have any baring with rv time frame?] THERE IS A REPORT OUT THAT STATES THAT THE ECONOMIC REFORMS AND THE MONETARY POLICY HAD TO BE MOVED UP TIMEWISE BUT WE DONT KNOW THE DATE IT WAS SET AT...HOWEVER -- ACTIONS ARE MAKING THIS COME FASTER...
5-4-2015 Intel/Newshound Guru Backdoc BY NOW I THINK IT IS CRYSTAL CLEAR THAT VIETNAM IS FOLLOWING THE SAME PATHWAYS TO A MARKET ECONOMY AS IRAQ! IN FACT IT IS SO BLATANT THAT THEY CLEARLY ARE RESTRUCTURING THEIR BANKING FACILITIES AND GOING PUBLIC WITH STATE OWNED INSTITUTIONS....EVEN BUILDING A NEW AIRPORT AND SEA PORT! LAWS ARE BEING CHANGED TO ENCOURAGE FOREIGN INVESTORS AND FOR FOREIGNERS TO BE ABLE TO OWN PROPERTY! SOME FORMS OF DEMOCRACY ARE CLEARLY ON ITS WAY! AFTER PERSONAL EXPERIENCE WHICH I'VE HAD, AND NOW AFTER READING THE ARTICLE LAST NIGHT, I'M TOTALLY CONVINCED VIETNAM IS ADMITTING A LIQUIDITY CRISIS! I'M NOT SURPRISED BASED ON PERSONAL EXPERIENCE! WE KNOW THE SOLUTION TO THIS PROBLEM DON'T WE? WILL...THE DONG...ALSO BECOME A DONOR CURRENCY AS WELL? I HIGHLY BELIEVE THIS IS POSSIBLE!!
5-4-2015 Intel Guru TNT Tony Our window was five days last week, that ends today. Iraq is great...we got calls saying they were lined up outside the banks in Iraq, waiting for the banks to open up at 10am. They are exchanging three-zero notes, exchanging for lower denominations and fils, activating their Qi cards, etc. Some government people got raises on Friday, and then quit their jobs on Sunday, so you know something did happen and no one can hide it. They tried to go international on Friday, on Saturday, and it was stopped each time. It is scheduled for this week, again, and we’ll see. On the US side...Nobody got called into the banks, and the screens are blank. I don’t know how much longer they will be that way, but everyone is still on high alert. The revaluation has already taken place in the back room, and they are just deciding when to announce it... We wait, again, but we are still within our window. We might go to Thursday but hope it happens before then.
5-4-2015 Newshound Guru Kaperoni Article quote: "Governor of the Central Bank announced the completion of the final touches to issue a new currency of 50 000 dinars category which would reduce the volume of cash in circulation." We are about to see something happen one way or another with these new notes.
5-4-2015 Newshound/Intel Guru Bluedog IMO A GREAT DEAL OF PROJECTS HAVE ALREADY BEEN STARTED...AND INVESTORS WILL WAIT FOR PAYMENTS CAUSE THEY KNOW THE POTENTIAL ENDING...OF COURSE MORE AND NEW PROJECTS ON THERE WAY.
5-4-20215 Newshound Guru Millionday CBI ANNOUNCEMENT TO ACTIVATE THE REMITTANCE SYSTEM OF SALE AND PURCHASE OF ALL FOREIGN CURRENCY: "To/banks approved to exercise all banking -approved all remittance companies - companies to broker the sale and purchase of foreign currency all ( questionnaire about the window buying and selling currency ) 03/05/2015" VERY GOOD NEWS AS IT IS A STEP OF EXCHANGE IN IRAQ OF FOREIGN CURRENCY WHICH IS NEEDED FOR INVESTORS AND THE ACTIVATION OF AGREEMENTS AND CONTRACTS WRITTEN ETC. [...at what rate?] THEY WOULD NEED TO DO THE ORDERED INTERNATIONAL EQUATION IMO -- FOR THE REMITTANCE SYSTEM -- SMILE.
5-4-2015 Intel Guru TerryK I'M HEARING AND ONLY HAVE ONE CALL TODAY SO FAR THAT THIS HAS TO BE THE WEEK. I DON'T KNOW WHY IT HAS TO BE BUT TOLD IT WILL BE.
5-4-2015 Newshound Guru wmawhite ...I always look at 1166...at 1166 Iraq can not achieve what they have told the world they want to achieve. They have been using the USD for over 10 years and look at what they have...NOTHING.
5-4-2015 Newshound/Intel Guru Bluedog Article: "Dinar exchange rate against the dollar on Monday 04-05-2015" Quote: "Iraqi dinar exchange rate against the US dollar on Monday in Iraqi banks and markets: US $ 1 = 1,164.7000 Iraqi dinars 1 Iraqi dinars = US $ 0.0009" PUTTING A DAILY EXCHANGE RATE IN NEWS LATELY...I HAVE SEEN THIS MORE AND MORE...WHY? IRAQIS KNOW THE RATE...ARE THEY HINTING THAT CITIZENS SHOULD CHECK THE CBI AND LOOK FOR CHANGE? ...OH ITS BEEN LISTED BUT NOT QUITE THIS WAY.
5-4-2015 Newshound Guru Kaperoni Article quote: "...the Central Bank to apply starting from 2015 and up to 2020". I found this...apparently from around Oct 2014 that confirms this going to be a slow go...float...not a RV as some...keep saying. Abadi made a statement yesterday when referencing the economic plan that the strategy would be long term which is what Dr. Bakri also said. It appears clear to me that that the plan did change back in 2012 from an event to a gradual transition...which is reflected in the Article IV consultation as well. When looking back a few months, it is clear all these articles are also saying this. This process is going to be implemented slowly over several years. We also know it started..because Allaq came out March 3rd and confirmed. So it is in progress..and will take up to 4 or 5 years to complete.
5-4-2015 Newshound Guru Millionday "The economic and investment commission hosted on Sunday, 05/03/2015, headed by MP Jawad al- Chairman of the Committee and the presence of Messrs members, Mr. Ali Keywords Governor of the Central Bank to discuss the monetary policy of the Bank and ways to encourage the private sector." CBI WAS HOSTED TODAY TO DISCUSS THE MONETARY POLICY AND WAYS TO PROMOTE FOR THE COUNTRY`S PRIVATE SECTOR...THIS IS PARLIAMENT AND CBI -- THIS MEETING IS SO VERY IMPORTANT BECAUSE THIS STAGE IS THE STAGE OF PROMOTION --- AND THIS IS FOR THE ECONOMIC REALITY OF IRAQ -- ALL ABOUT INVESTMENT AND THE PRIVATE SECTOR OF IRAQ -- ALLEVIATING SUFFERING IS THE ENTIRE GOAL. THE PLAN IS ALREADY DESIGNED AND IS THE HOPE FOR IRAQ -- IT IS VIEWED AS THE NEW IRAQI HOPE. THIS IS THE STAGE OF THE ACTIVATION OF THE MONETARY POLICY. HUGE NEWS AND ALSO SHOWS HUGE CONFIDENCE.
5-3-2015 Intel Guru Frank26 Listen closely...There are no 50k and 100k notes and the CBI certainly is not going to print any. The article that was released about 2-3 weeks ago was a misprint! Dr. Saleh said very clearly that they will have a 50 and 100 dinar note. Dr. Shabibi has a masterful plan with a mechanism that will allow a 50 IQD note and a 100 IQD note to come out. As you’ll remember...the Kurds wanted their language on the new currency and so...Dr. Shabibi had the currency reprinted with the Iraqi, Kurdish and English written on the new notes. Now with the plan laid out for a 4-year plan...when they release this new currency (the new 50 IQD and the 100 IQD)...with an increase in VALUE it will give the citizens exactly what they need...PURCHASING POWER! ...outside of the country... you will see a capital gain in the dinar that you hold! The CBI books cannot give you a date but the info leaking out is a rate. It appears to start out at .85 cents to about a dollar. That is a rate family. The dinar is going to go International pretty soon family...at a new exchange rate!
5-3-2015 Newshound Guru Stryker A few good things have taken place today. Parliamentary's Legal Committee announced the agreement in the House of Representatives to vote on the final accounts for the financial budgets of past years in the form of parliamentary resolutions. These final accounts of past years are needed to show full transparency and complete audited financials to obtain a true credit rating which will lead to the launch of all Iraq's bond offerings. These accounts are also needed for the Federal Courts to make a final ruling on the 19 paragraphs in the 2015 Budget that are being appealed by the Council of Ministers. These paragraphs are holding up the full implementation of the 2015 Budget which has not been official published in the Iraq Gazette, it has only been published in the Law Newspaper. And I think we all know what the implementation of the bonds offerings and the full implementation of the 2015 Budget will lead too...
5-3-2015 Intel Guru Delta URGENT FROM IRAQIA TV: GOV OF CBI ANNOUNCED THE COMPLETION OF THE FINAL TOUCHES TO ISSUE A NEW 50 NOTE AND THEY SAID THAT WILL REDUCE THE VOLUME OF CASH IN CIRCULATION. IMO THE RATE WILL CHANGE THIS WEEK OR NEXT WEEK THE MOST BEFORE THEY ISSUE THE NEW NOTE AND IT LOOKS THE RATE WILL BE AROUND 1.16 - 1.19 DINAR PER DOLLAR ( .85 - .86).
5-3-2015 Intel/Newshound Guru Poppy3 ...THERE IS SOMETHING UP IN IRAQ WITH SENIOR LEADERSHIP OF WORLD BANK IN TOWN... THEY DON'T VISIT JUST TO GET SOME APPLE PIE...THEY ARE THERE TO BRING ACTIONS AND DIRECT THAT ACTION TO MEET WORLD BANKS NEEDS. BE READY TO SEE SOME MOVEMENT TO GLOBAL ACTIONS DURING THEIR VISIT.
5-3-2015 Newshound Guru wmawhite As we know, Iraq is pursuing a sovereign (country) credit rating. However...from Standard and Poors (S&P), one of the factors taken into account by Standard and Poors is the country’s currency; Three factors also drive a sovereign's external score, namely our view of the status of a sovereign's currency in international transactions, the sovereign's external liquidity, and its external indebtedness, which shows residents' assets and liabilities relative to the rest of the world. With this mind, why would Iraq move forward with obtaining a sovereign credit rating knowing that its currency will be a factors...UNLESS...it may not be a factor soon?
5-3-2015 Newshound/Intel Guru BGG [do you know if Iraq needs to have a recognized currency prior to the release of the credit ratings for a soverign country?] I doubt it - but more than likely need a currency and a credit rating to get their bonds sold at a premium and I doubt they want to sell their bonds cheap. [When will they start to sell their bonds?] the obvious answer is - likely right after their credit rating (hopefully a good one) is issued...again - IMHO they need a currency and a rating BEFORE they will be able to get investors to pony up to the bond table. I mean - they need something other than 1166 to show their advancing financial condition. It has to reflect the true state of Iraq. 1166 does not. [how long will something like a credit rating take?] I doubt they would have announced it if things weren't well on the way.
5-3-2015 Newshound Guru Kaperoni Article quote: "BAGHDAD Mustafa al-Hashemistrengthens the presence of the credit rating of any country in the world to get the funding they want through local or foreign markets..." It's pretty obvious that getting this rating will help them lure investment capital for the market economy. Which indirectly will effect the exchange rate...as more investment comes in, it creates inflationary pressure to raise the dinar exchange rate. So another piece of the puzzle and a good thing that will help them grow the economy.
5-3-2015 Newshound Guru Aggiedad77 I am seeing, reading, and comprehending the same thing...this appears to have started 4 months ago, maybe late January, probably near the first time we heard mention of Iraq talking to Citibank and Deutsche Bank...IMO this is where they will get the rating they want...something definitely higher than a "-B" rating. ...they surely won't divulge the full picture to us at this stage... something needs to give way in the near term, within weeks. It sounds like they are confident that other countries see Iraq as a worthy risk due to prior history of debt repayment... plus they have an exceptionally large reserve of oil that will certainly aid in backing a better credit rating. Definitely no sign of panic that a lower rate is being expected...their demeanor...seems to signal that things are on course... remember Citibank and Deutsche Bank were part of the meeting agenda when PM Abadi and I believe Finance Minister were in Washington a few weeks ago...history in the making is my twist on this...the BEST is yet to come...sooon.
5-3-2015 Intel Guru Delta THE PROCESS TO GET A CREDIT IT TAKE ONLY 4-6 WKS...SO WHY IN CASE OF IRAQ IT'S 4 MONTHS? THEY ARE WAITING FOR THE TRUE RATE AND ARTICLE 8, AND SINCE THE OLD 50 NOTE IS NO LONGER VALID. CHANGE IN THE EXCHANGE RATE REGIME IS COMING. [Iraq has to be internationally recognized with a international rate before they can get a credit rating.] BINGO...
5-3-2015 Intel/Newshound Guru tman23 The citizens are not happy over borrowing money...they feel like Iraq is now sold to the bankers...And the GOI is not telling them anything but to be patient...No announcement in Mosques about "Your Abundance is coming" and no announcements on TV.
5-3-2015 Newshound Guru Kaperoni Article quote: "Iraq is undergoing numerous challenges, including the economic and financial situation and we want to take advantage of the financial crisis to build a healthy economy depends on long-term strategy and vision as far away as possible from the prosthetic solutions." IMO, the above statement is confirmation that there is no overnight RV (prosthetic solutions). That the plan is as Dr. Bakri stated, and the CBI has stated recently (up to 4 years) and based on sound economic principles which will allow the dinar to appreciate based on the success of the economy. Which also is what the IMF stated in the Article IV Consultation. Time will tell..but this article to me is more confirmation we need to be patient and let this come to us.
5-2-2015 Newshound Guru Millionday I HAVE HEARD IT WAS OVER THIS WEEKEND...THE THING IS -- I DONT SEE ANYTHING IN ITS WAY...WITH THE EU AT THIS POINT IS VERY IMPORTANT -- THEY ARE IN SUCH A DIFFERENT PLACE THAN THEY HAVE EVER BEEN IN...AND THE KURDS ARE IN COMPLETE AGREEMENT WITH IRAQ AT THIS POINT TOO -- THE ERBIL AND OIL AGREEMENT -- SO THEY HAVE SAVED IRAQ FACE IMO.
5-2-2015 Newshound Guru Shredd Article quote: "Iraq is seeking to get the sovereign rating and continue with credit rating agencies, "explaining that "seeks to connect with two or three credit rating agencies." We've known they have been working on this for quite some time. It's good to see this back in the news. Having a sovereign credit rating will open many investment opportunities for investors and investment vehicles who've been waiting for this. No direct correlation to the exchange rate but will be very very good for investment once acquired.
5-2-2015 Newshound Guru tlm724 Article quote: "Iraq is seeking to get the sovereign rating and continue with credit rating agencies, "explaining that "seeks to connect with two or three credit rating agencies." Zebari added that "Iraq is preparing to issue huge bonds worth five billion dollars needed to cover the budget caused by lower oil prices deficit," when they have to open their books to get this rating it will interesting! Full transparency is required and their true wealth will be revealed and with that perhaps we will see a change in the rate? I don't know but it is possible.
5-2-2015 Newshound/Intel Guru BGG I must say - I was a little disappointed to "not be rich" yet this AM...it's early yet. [You really think we're THAT close BGG?] probably... the news looks very promising. Aside from the normal "two steps forward - one step back" flavor - it's pretty good financial news.
5-2-2015 Intel Guru Hub a lady that runs my operation for me, i got her in this three years ago, had her wf branch mgr call her two times this week to tell her its ready, she needed to get ready, no time, just its here. this lady runs the company for me and i trust her completly.
5-2-2015 Intel/Newshound Guru Poppy3 ...I AM IN GREAT ANTICIPATION OF HEARING NEWS IN THE NEXT COUPLE DAYS THE IRAQ DINAR HAS A NEW INTERNATIONAL RATE .
5-2-2015 Newshound/Intel Guru Bluedog THEY CANNOT MOVE FORWARD... AND REMEMBER THE GREEN LITE THAT THEY WERE GIVEN ...THAT'S THEIR SALVATION. DO YOU THINK THE WB AND THE IMF WILL CONTINUE WITHOUT A MOVE OF THE CBI..... NAW. IMO THE CURRENCY REFORM HAS BEEN SEEN IN THE LAST FEW WEEKS AT A LIGHTNING SPEED...SECURITY IS AT A HIGH LEVEL...THEY WILL DEAL WITH ANBAR IN THEIR OWN WAY. IRAQ HAS A HUGE DREAM AND IT'S NOT AT A ONE TO ONE RATE...IT MUST BE A GREATER RATE... A COUNTRY WITH THESE DREAMS HAVE TO MOVE VERY FAST...JIMO [post 3 of 3]
5-2-2015 Newshound/Intel Guru Bluedog YOU SEE IRAQI HIGH GOVERNMENT FOLKS OUT SELLING BONDS RIGHT NOW AND IT HAS BEEN IN PROGRESS NOT JUST YESTERDAY BUT BEEN HAPPENING...THEY ARE BUILDING ROADS AND NEW SEWAGE SYSTEMS AND PLANTS. IT'S A COUNTRY THAT NEEDS GROUND FLOOR REBUILDING. SO THE 2015 BUDGET AND THESE LOANS ARE JUST NOTHING. THEY PROVIDE CHEESE FOR THE MONTH IMO...THE IRAQI GOVERNMENT HAVE LESS THAN NOTHING HERE WITH THESE LOANS TO WORK WITH OTHER THAN PAYING OVER DUE PAYMENT. [post 2 of 3....stay tuned]
5-2-2015 Newshound/Intel Guru Bluedog THE IMF AND WORLD BANK LOAN IS JUST A MOSQUITO ON AN ELEPHANT COMPARED TO WHAT IRAQ NEEDS...AND HOW WILL IRAQ PAY ALL BACK SALARIES AND GO FORTH WITH REBUILDING THEIR COUNTRY. THE NEW RAIL SYSTEM IN BAGHDAD AND THE NEW TRAINS THAT HAVE ARRIVED...THE NEW AIR STRIPS AND AIRPORTS TO HOUSE F-16'S ...ALL THE MILITARY EQUIP THAT THEY HAVE RECEIVED... KURDS ARE BUILDING FASTER THAN ANYONE COULD BELIEVE...THEY NEED HUGE MONEY. WE KNOW THE WEALTH OF THIS COUNTRY ABOVE AND BELOW THE GROUND...INVESTORS AND THE WORLD KNOW TOO...SO THEY NEED TO SPIFF UP AND THEY NEED FUNDS. [post 1 of 3....stay tuned]
5-2-2015 Newshound/Intel Guru BGG [I thought they still had to pass a bunch of laws before they could RV.] How do we know they aren't all passed already? (hypothetical). they did the second reading of the investment law - then went into secret session. One of the things addressed in secret was "unnamed"...
5-2-2015 Intel Guru Delta I GOT YOU SOME INFORMATION ON HOW STANDARD AND POORS RATE SOVEREIGNS. STANDARD AND POOR'S: "Three factors also drive a sovereign's external score, namely our view of the status of a sovereign's currency in international transactions, the sovereign's external liquidity, and its external indebtedness, which shows residents' assets and liabilities relative to the rest of the world. The initial rating process typically takes four to six weeks to complete, but can run longer or shorter. This initial process begins when the contract is signed and generally ends with the publication of the rating." IT'S VERY CLEAR THAT IRAQ NEEDS AN INTERNATIONAL RATE BEFORE THEY GET THE CREDIT RATING, ALSO THE WHOLE PROCESS COULD TAKE 4-6 WEEKS.
5-2-2015 Newshound Guru wmawhite I am still of the opinion that the CBI is driving this ship and everybody else is trying to jump onboard.
5-2-2015 Intel/Newshound Guru tman23 POTUS will host the leaders of the Gulf (GCC) on the 13th and 14th in Washington...IMO...Up to the 15th of May I do not see any rate changes...more so towards the end of May or after at least after the 15th for any new currency intro or rate change. They are in a rush to complete laws and "escalate security" before the start of July... Certainly it can happen at anytime as ANYTHING can happen at anytime... I expect to see an announcement of new notes close to the end of May and then their release around June 15th (right before ramadan)... IMO... And as told we should see what occurs on 5/2 regarding financials as Parliament is in session and suspect it isn't just for US military arms.
5-1-2015 Newshound Guru wmawhite ...a new 50 note, as they said were coming, are still only valued at $0.045 at the current rate. This is why IMO the IQD will change well in advance of of the flood gates opening with investors and the new currency...the lower notes will be of no use on the streets without a DRAMATIC increase in purchasing power and that will come from a DRAMATIC increase in the value of the IQD...OUTSIDE OF IRAQ... IMO, the CBI doesn't need anything...it is the GOI that needs laws, HCL, money, etc...investors...the CBI just needs the international pieces in place in order to support the true value of the IQD.
5-1-2015 Newshound Guru Millionday THE FINANCIAL POLICIES AND ECONOMIC REFORMS HAVE TO BE DONE IN A HURRY BECAUSE THE KURDS HAVE RECEIVED THEIR FUNDING FOR BENEFITS AND PAY -- THIS IS HUGE AND WAS TO BE LOADED ON THE SMART CARDS. [if Kurds got paid on smart cards. should that be valid internationally?] THE CARDS ARE REPORTED TO BE GLOBAL CARDS...AND WILL BE ABLE TO BE USED ANYWHERE.
5-1-2015 Intel Guru DC [via Adept1] If you’re not happy, you should be. In the mosques today, they said “Please keep calm; this is coming and we want it to go through quickly. We are waiting for our abundance and the world is awaiting the financial strength of our country.” ...they told them to get ready, keep calm, and be ready for this to go through at any time. Newspapers and television in Iraq are running that economic reform is closing ‘soonest’ with economic abundance coming soon. The banks are prepped, the Interior and Finance Ministries, CBI, etc., have all been briefed and they are all happy with what’s going on. IN the USA, they are still waiting on the agreed timelines. Everyone is on call, in place, locked down, very ready for this thing to go. The current rates are: Dinar = $4.67 Dong = $2.27 Zim = .17 minus six zeroes Rupiah = $1.08. Things still look phenomenally good, and if it continues on this path, we’ll be done.
5-1-2015 Newshound Guru Aggiedad77 ...this "credit rating" issue...Iraq is seeking to tender some international bonds in USD denominations to the tune of $5 billion dollars.....they want this "credit rating" for these bonds...The higher the "credit rating" they can establish specifically for these bonds, the more solid the bonds appear to investors...I'm thinking anything at an "A" rating or higher is what their target is going to be...this is high dollar corporate/international type of wheeling and dealing we are talking about here... As for May...I don't see Dr. S [Shabibi] sticking his neck out just yet...M [Maliki] may be in a coma or maybe not...but he hasn't been "contained" as yet...that still needs to happen...we know Dr. S and his history he's going to be overly cautious about any move he makes...he's got some time and I am sure he is watching many monitors all at once... PM Abadi is doing his best to gather his ducklings and keep them grouped....the Kurds, the Sunnis, his Shiite brothers...he's at a point where he needs and wants everyone happy..."Don't Worry Be Happy"...the BEST is yet to come.
5-1-2015 Intel Guru TNT Tony [via Adept1] It’s a great day and I still feel superfantastic. In the mosques, they are still saying “it’s done” or nearly here. “The whole world is watching us and abundance is in your future.” The fils (coins) are coming out in more regions. Some banks set up appointments for this week, and their people are sitting there waiting for this to come live on their screens. Last night the rates appeared for a while, then went back on hold, but at great rates. The WM [Wealth Managers] are beginning to call people saying that this is about to happen... They are excited in Iraq... they are saying it’s here and Iraq is being told that this is here, now.
5-1-2015 Newshound Guru Adam Montana Did you catch that news yesterday? Iraq is applying for a credit RATING. Why would they do that if they didn't think they would get a good result? The answer is obvious - they would not! In fact, this could be the reason they have stalled on finalizing the HCL... because with an official credit rating and a solid Law on their oil and gas, an RV is a no brainer. Did I mention how excited I am...
5-1-2015 Intel Guru Jester ALL MY CONTACTS ARE SAYING WHAT WE WERE LOOKING FOR DID NOT HAPPEN AND HAS BEEN DELAYED UNTIL MONDAY ... EVERYTHING IS LOOKING GOOD FOR MONDAY...THIS IS A PROCESS... THEY WILL GET THIS DONE... AND IT IS LIKE ANYTHING ELSE... TAKES TIME TO GET IT RIGHT...IF I AM READING THIS RIGHT THE CONTINUING DELAYS ARE IN OUR FAVOR...
5-1-2015 Newshound/Intel Guru Bluedog Article: "Iraq is seeking to get sovereign credit rating" Quote: "The process of obtaining the credit rating may be sensitive for Iraq, as it will be forced to open its books to these institutions, and Aoamit revealed new information on the public finances. Zebari did not disclose the date on which it is expected to complete the process." PROCESS IMO IS IN HIGH SPEED.
5-1-2015 Newshound Guru Poppy3 I EXPECT TO HEAR A RATE AT ANYTIME IN THE NEXT FEW DAYS.
5-1-2015 Newshound Guru tlm724 Article quotes: "...Iraq seeks credit rating before jumbo bond issue" "Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue needed to cover a budget deficit caused by low oil prices" "We started the process," Hoshiyar Zebari" Action! Quote: "The process of obtaining a credit rating could be a delicate one for Iraq, requiring it to open its books to the agencies and disclose new information on its finances. Zebari did not say when he expected the process to be completed" If Iraq whats to play with the big boys then they will have to open their books! Full transparency is required. ...they are going to have to get a good credit rating and also avoid the anti-money laundering black list. These two issues are critical to Iraq's economic reform plan! It is imperative to address these and do it quickly in order to build international confidence! This is telling for sure issuing bonds in dinar, the question remains what will they do to the dinar to make it attractive? Still to be determined...Wink.
5-1-2015 Newshound Guru Enorrste Article quote: “The Central Bank of Iraq, said he plans to issue a new currency from the category of 50 dinars after deletion of zeros which is equivalent to $50 thousand dinars at the moment.” I am somewhat surprised that some seem to have passed over the clear statements from the CBI that the notes will be 50 and 100 dinar notes with the "current" value of 50000 and 100000 dinars. I am absolutely jubilant instead of "cautious" or "apprehensive." Clearly we are within days or at most weeks of a change in the exchange rate regime...this is a "prerequisite" toward making the change. Some bills need to be passed but don't necessarily have to be passed prior to the change in the regime. In any case, Parliament has said that it will take up the currency in the coming week, so I am again confident and jubilant. One final comment...: the Parliament does not have to "pass" a change or addition in currency. That right resides with the CBI alone. It is stated in the 2004 CBI institution law and also in the Constitution that the issuance of currency is within the pervue of the CBI only. Get excited, folks! This is as close as we've ever come. I just love the fact that KAP [GURU KAPERONI] pointed out the word "prerequisite." That means that something else will follow this move. Yippee!
5-1-2015 Newshound Guru Kaperoni Article quote: "Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue" needed to cover a budget deficit caused by low oil prices, its finance minister said on Thursday." ...it seems that if they did pursue this credit rating it would have an effect on the exchange rate. More pressure which is what we want.
5-1-2015 Newshound Guru Millionday Quote: "Iraq has announced that it will issue bonds worth five billion dollars in the first issued in the international bond market in nine years and is in dire need of liquidity as the government predicted that this year's deficit up to about 25 percent of the size of the budget of 100 billion dollars." IRAQ HAS ALSO ANNOUNCED THAT THEY ARE GOIING TO ISSUE BONDS IN THE INTERNATIONAL BOND MARKET -- IRAQ THINKS THAT THE ISSUE OF THE LAST CREDIT RATINGS WILL ATTRACT THE INTERNATIONAL COMMUNITY TO THE BONDS THEY HAVE ISSUED TO HELP WITH THE DEFICIT. THE PROBLEM WITH OBTAINING THEIR CREDIT RATING IS THAT IT REQUIRES TRANSPARENCY TO THE AGENCY THEY ARE WORKING WITH --- THIS FORCES THE INFORMATION THAT HAS BEEN KEPT QUIET TO BE REVEALED. NOTE -- THE BONDS ARE ALL IN DINAR AND THE FACT THAT THIS IS A HUGE PRESS STATEMENT...IT IS OBVIOUSLY VERY IMPORTANT. THE CREDIT RATING IS VERY IMPORTANT...IN THE REVALUE OF THE DINAR AND ALSO THE INTERNATIONAL RECOGNITION IN THE DINAR YOU HOLD. [post 2 of 2]
5-1-2015 Newshound Guru Millionday Press Statement: "Finance Minister Hoshyar Zebari said Thursday that Iraq was seeking sovereign rating continues with credit rating agencies as it prepares to issue bonds worth a huge five billion dollars needed to cover the financial deficit caused by low oil prices." THIS IS FROM A PRESS STATEMENT AND IS VERY IMPORTANT IN THE FORMATION OF THE INTEREST RATES -- WHICH PER OUR RESEARCH ON WHAT GOES INTO THE INTERNATIONAL EQUATION. THEY ARE WORKING ON THE CREDIT RATING FOR IRAQ... Quote: "Zebari said in a press statement, "We started the process and that the banks are also seeking to help us in this direction," without having to disclose the date on which it is expected to complete the process." IRAQ IS NOT RELEASING THE DATE OF WHEN THE CREDIT RATINGS ARE TO BE RELEASED -- AND FOR A GOOD REASON... [post 1 of 2....stay tuned]
4-30-2015 Intel Guru TerryK TALKED TO 7 SOURCES TODAY...THEY ARE ALL EXCITED. IRAQ HAS BEEN FUNDED...THEY HAVE THE MONEY THEY NEED TO SERVICE BY LOANS. I AM TO UNDERSTAND THAT WE ARE TO SEE THIS BEFORE THEIR HOLIDAY. THIS IS A VERY VERY VERY EXCITING TIMES. I THINK ONCE IRAQ PASSES THESE 6 LAWS WE ARE GOING TO BE IN MAJOR HAPPY TIMES. WHAT I AM BEING TOLD IS TO EXPECT THIS TOMORROW NIGHT OR BY THE WEEKEND...IT DEPENDS HOW THEY GET THESE 6 LAWS PASSED OR WHEN...THESE ARE 5 BANKING LAWS AND ONE FOR THE NATIONAL GUARD...THE NATIONAL GUARD IS VERY IMPORTANT.
4-30-2015 Intel/Newshound Guru Poppy3 ...THESE ARE FACTS STATED BY IRAQ LEADERSHIP...THEY HAVE PASSED MANY NEW LAWS IN THE LAST TWO DAYS AND THEY STATED THE 4 MAIN LAWS LEFT WILL BE FINALIZED AS OF TODAY IN A PRIVATE CLOSED DOOR MEETING. ABADI HAS ANNOUNCED TWICE IN THE LAST WEEK HE WILL NOT ALLOW TIME OFF EVEN FOR RAMADAN TO DETER OR DELAY FROM FINISHING FINANCIAL REFORM. I AM GETTING CONSTANT CALLS FROM EVERY SOURCE I HAVE EVER HAD... TELLING ME...THE FINISH LINE IS ABSOLUTELY IN SIGHT. IRAQ IS MOVING THINGS FORWARD FINANCIALLY AND AS I HAVE TOLD YOU IN THE LAST MONTH FROM THE BEST CONTACT IN THE COUNTRY...HE SAID THEY WILL NOT STOP PROGRESS TILL REFORM IS COMPLETE AND ALL REQUIREMENTS ARE MET AND THEY HAVE FOLLOWED THAT INFORMATION TO THE LETTER.
4-30-2015 Intel/Newshound Guru Backdoc ...WE HAVE SOME THOUGHTS ON THE EXPIRED FIFTIES. REMEMBER THE CBI CONTROLS THE NOTE COUNT. WITH ALL THE OLD FIFTIES BEING PULLED OUT OF CIRCULATION THE POTENTIAL FOR MORE VALUE TO THE DINAR IS NOW INCREASED...THEY SAID THEY ONLY HAD 1 3/4 % IN THE PUBLIC FLOAT. THAT NUMBER MUST NOW BE CONSIDERED LOWER. WILL IRAQ USE SOME OF THIS MASSIVE CURRENCY REDUCTION IN SOME WAY TO BENEFIT THEM WITH PAYMENTS ECT. TO ACCOMPLISH A BETTER CREDIT RATING? Mmmmm. TIME WILL SHOW THE ANSWER FOR SURE BUT IT SEEMS INEVITABLE THAT WE WILL SEE THAT UPGRADE SOON. THIS WILL BE HUGE FOR THEIR INTERNATIONAL STATUS.
4-30-2015 Newshound Guru Millionday [Do you have any ideas of why [Guru TNT] Tony and [Guru] DC are so excited saying that Iraq and everyone is saying that this is happening now?] NO I HAVE NO IDEA BUT HOPE THEY ARE RIGHT --- IMO IT COULD HAPPEN AT ANYTIME -- SOME STEP IN THE ACTIVATION OF THE REFORMS WOULD REQUIRE FOR FAIR TRADE ETC THE CALCULATION TO BE DONE AND SET IMO.
4-30-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: Iraq borrowed more than three billion dollars and projects stalled St_khas_khas" The numbers are flying all over the place...$800 million...$5 billion...now $3 billion...$3.4 billion...$2 billion...what is behind door #1...this member of the Finance Committee claims Iraq will be borrowing from both the IMF and the World Bank...trust me this isn't the only article we will see today regarding these loans...most of any loans Iraq is getting from these two organizations comes with little to no interest attached and payouts of around 5-10 years...there will be good to come of all of this...do not let the sight of these loans get you down thinking things are being delayed...the pot on the stove continues to simmer...and it is cooking some good things.
4-30-2015 Newshound Guru Adam Montana Article quote: "Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue needed to cover a budget deficit caused by low oil prices, its finance minister said on Thursday." This is BIG. Iraq is applying for a credit rating. A credit RATING. They aren't haphazardly applying for a loan "just in case" the auditor messes up and gives them a small line... they are on the way to an established, world recognized, bonafide, CREDIT RATING... and I think it's going to be GOOD. THIS IS HUGE!!! When you have a credit "rating" like the US, China, or any other major player in the world has, you are opening your books to the world and everyone knows you're worth "X". Right now, Iraq is worth "?". But with a credit "rating", THAT ALL CHANGES. HOLY SMOKES THIS MAKES ME SMILE! WOOOT.
4-30-2015 Intel/Newshound Guru Poppy3 and Newshound Guru Millionday NOTE -- ...WE SAW A REPORT THAT THE WORLD BANK HAS SIGNED FOR THE LOAN TO IRAQ -- SO OFFICIAL AGREEMENT MADE. Quote: "MP for the Parliamentary Finance Committee Masood Haider, on Tuesday, the International Monetary Fund agreed to Iraq's request Baagheradh amount worth five billion dollars as part of the response to the financial crisis experienced by the country." NOTE -- THE IMF HAS ALSO SECURED THEIR AGREEMENT WITH IRAQ. ...THIS WAS THE SAME PROCESS KUWAIT WENT THROUGH JUST BEFORE THEIR ANNOUNCEMENT OF THEIR NEW RESTORED RATE. ALSO REMEMBER AFTER THEY RELEASED IT THEN WAS 10 DAYS BEFORE IT WAS LEGAL TO EXCHANGE. WE ARE LOOKING GREAT AND THE MONEY WILL BE AWESOME.
4-30-2015 Newshound Guru Kaperoni More than likely the new series of notes (once they all have been issued) will all be same size like the USA. In doing so, they work well in ATM's, counters, etc. and will not jam. The 50 was so small it was not appropriate, didnt have security and would not fit with the new notes. It had to go. People spend way to much time trying to figure out why that 50 was demonetized. The answer was right in front of us. Now moving forward the CBI can begin with the 100, and 50 and begin to raise the value...this process will continues for a few years until the eventual introduction of the 20, 10, 5 and 1 dinar...and some fils to support the economy and new rate. [post 2 of 2]
4-30-3015 Newshound Guru Kaperoni With the 50 dinar note being officially demonetized on Thursday, April 30th, we can begin to wonder if currency reform is coming soon. Several articles surfaced during the month of April indicating there is a determination to issue a 50 (50,000) and 100 (100,000) dinar notes as stated as..”a prerequisite to the deletion of zeros.” If this scenario is correct, this means the CBI is preparing for the transition. That issuing of the 100 and 50 would be the first step towards beginning to raise the exchange rate, and moving towards a currency without 3 zeros (and as stated in the articles as a “prerequisite.”...Inevitably gaining enough value to introduce even more smaller notes such as a 20, 10, 5 and 1 dinar over a period of time as the dinar rises. This scenario is what we want to happen. This would be the beginning of the restructuring of monetary policy and the dinar. This would allow us as dinar investors the greatest potential gain as Iraq’s economy prospers. [post 1 of 2....stay tuned]
4-30-2015 Intel Guru Frank26 [via FrostyTheSnowman] Maliki is superhot right now...because he can be dangerous towards the closeness of this MR [Monetary Reform]. The MR is so close...it’s so fragile to these bullies. It’s important that they must deal with him. Abadi and Shabibi asked for $$$ and weapons to help with Maliki. We’ve got it covered...I can’t tell you how...but the media will in the next 30 days or so. As you see one disappear...you will see the one that fears him...appear. We’ll see Dr. Shabibi soon!
4-30-2015 Newshound Guru wmawhite [Do you agree that a gradual float in value makes more sense now?] Why would Iraq ever want the rest of the world to determine the value of its currency by floating it? Answer...NEVER!
4-30-2015 Newshound Guru Millionday DEFINITION of Floating Exchange Rate: A country's exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex market. This is in contrast to a "fixed exchange rate" regime. In some instances, if a currency value moves in any one direction at a rapid and sustained rate, central banks intervene by buying and selling its own currency reserves (i.e. Federal Reserve in the U.S.) in the foreign-exchange market in order to stabilize the local currency. However, central banks are reluctant to intervene, unless absolutely necessary, in a floating regime. [post 2 of 2]
4-30-2015 Newshound Guru Millionday [Do you agree that a gradual float in value makes more sense now?] I DON'T KNOW HOW THEY WILL ENTER THE MARKET WITH THE DINAR BUT AS WE HAVE BEEN TOLD FROM THE IRAQI GOV -- AND ALSO HAVE SEEN WITH THE ORDERS GIVEN WITH THE DIRECTIVES -- THEY WILL DO THE INTERNATIONAL EQUATION FIRST TO ENTER THE MARKET. THEY WILL HAVE TO CALCULATE THE DINAR VALUE FIRST AND THEN HOW IT IS IN THE MARKET WILL BE SEEN. THERE ARE MORE WAYS TO PUT THE CURRENCY AS IT GAINS --- NOT JUST FLOAT OR FIXED -- THE MARKET HAS MORE OPTIONS -- THE THING IS THIS -- EITHER WAY (UNKNOWN TO MANY) -- CBI HAS THE POWER TO ADJUST THE RATE TO AVOID INFLATION. THE CENTRAL BANK HAS THE RIGHT TO ADJUST THE RATE AND USE OTHER TOOLS TO MINIMIZE INFLATION -- IN FACT THAT IS THEIR JOB -- I HAVE THAT IN INK. [post 1 of 2....stay tuned]
4-29-2015 Newshound Guru Kaperoni Article quote: "A source in the Council of Ministers Vice President Nuri al-Maliki Army is behind the massacre of misleading campaign blather. The source added that everyone knew the truth of this rumor, which aims to destabilize the security situation is directed against the security forces... ...he needs to go. He continues to interfere with the new government. The false stories and misinformation is sole to create protests...which are in essence, against the new Abadi government.
4-29-2015 Intel/Newshound Guru tman23 [Do you think its probable that we wake up one morning and see the exchange rate $3 or over?] To commit to the word "probable" would be through the IQD RV Goggles...Replace probable.....with "possible"...IMO it is very possible.
4-29-2015 Intel Guru DC [via Adept1] I am VERY excited. We are in a very good place, and I’m pleased and happy with the situation. Iraq is prepared, with actions in the banks, CBI, all the ministries, Abadi’s office, the Council of Ministers, Federation Council, etc., and we are just pumped about their actions. I will not give details because it’s not the right thing to do. I’m excited! In the USA, they have been preparing for the last 3-4 days, with bankers on call and in place... Everybody is prepared for this throughout the world, bankers, security staff and all the rest. ...it could take another five days, so we’ll wait and see how it turns out. The actions taken are hard to refute, and we have had some stellar sources who have helped us get here.
4-29-2015 Newshound Guru Adam Montana There's been a wild flurry of rumors that the HCL was printed. Unfortunately, I cannot verify it so I have to say they are wrong. I'm confident that we have an HCA [Hydro Carbon Agreement], but the L [Law] is not yet with us. I'm also confident that things are still moving in the right direction for us, more so than at any time in this entire ride! Articles: "Baghdad sends Kurdistan's entire check for the month of April" "Kurdistan says all issues are resolved on oil trade with Baghdad, and is freely sending the oil that Baghdad is entitled to." we haven't seen cooperation like this not just in years...but ever! Those two [articles], all by themselves, is reason to be positive! But wait, it gets better! Baghdad says they will be sending more money to Kurdistan... Kurdistan freely producing higher amounts of oil and shipping to Baghdad. Baghdad and Kurdistan have fought for YEARS, neither one giving an inch...and now they are performing better than they have to? This isn't rocket science - this is history and a plain-as-day painting on the wall...That they are acting upon the Agreement with no problems is all the proof I need that we will be seeing an actual LAW finalized, officially, soon.
4-29-2015 Intel Guru TNT Tony [via Adept1] I am super-fantastic today – good, good news! On Friday morning, because of everything we thought was about to happen, they told the people “what you are waiting for is here”. So what does ‘here’ mean? I’m feeling that here means OUR interpretation of here, say, within five days. I want you to be excited because we are excited. Finally here means HERE. We have received nothing but good information in the last 24 hours. Iraq has told their people that it’s here, and we’ve been told that it’s here, using our definition of ‘here’. Everyone is cautious, excited and touchy, so we didn’t go into details but they are great. Some people are saying we need to wait for certain things, and they are being done, and some things are still being worked on to make this even better. You’re not at the bank yet, but there is reason to be happy. ...they didn’t make the announcement today – but that is not because they couldn’t have. They chose not to, although another few days won’t hurt us.
4-29-2015 Newshound Guru wmawhite The current 50 IQD notes are forever gone by at mid night tomorrow. At mid night tomorrow they do not exist...and this is where it gets good for us...three weeks ago the cbi told everbody to expect a 50 and 100 IQD note with the like value of 50,000 IQD and 100,000 IQD. How can a 50 IQD note that today is valued at $0.045 become worth $43.00...or a 100 IQD note that today would be valued at $0.09 become worth $86.00? this is what the CBI is telling the citizens of Iraq. They remove a 50 IQD note because it is not used/no security and it is not used because its value is only $0.045 but then say look for these new notes worth 1,000s of times more value.
4-29-2015 Intel/Newshound Guru tman23 The investment law is KEY. Recall back in early November right after Jabouri hosted Moshen (CBI Gov) the investment law was set to be read and voted on...at the 11th hour Abadi asked Jabouri to table it until further notice. When the investment law goes IT ALL GOES... And it has to be done before the 2nd semester of financials (July). The question is will they begin the second half of the year with 3 zeros? Logic says you open up the economy with new accounting in place AND not months after investors flush a ton of money in banks. The investors will bring liquidity...The investors that have been sidelined for the past year have been unable to withdraw total funds because of "lack of liquidity". They are waiting on this investment law...AND remember Barzani said that Kurdistan will not open it's economy dealing in 3 zeros...And it has been said continuously that sidelined investors won't wait another 6 months on the sidelines.
4-29-2015 Newshound Guru Aggiedad77 Article: "Najiba Najib: World Bank loan is not enough to fill the budget deficit" The intent of the IMF loan(s) was always meant to simply tide the Iraqi government "over" for a short period of time, giving PM Abadi time to take action...has he done that...is he in the process of doing that...he's certainly made some bold announcements this week, or his staff of ministers have made bold statements...The opening of the remainder of the budget (the "other" 70%)...the "full" payment to the Kurds for the month of April...economic promises to Basra...how can that be that he expects each of these to happen...Where will the money come from...he does not have an IMF tree, or a World Bank tree from which to harvest as he chooses...he must be looking at what he promised in America would happen...release the RI and shake loose the shackles that bind Iraq today.
4-29-2015 Newshound Guru Millionday Article quote: "Economic Commission representative confirmed that the Kurdistan Regional Government's commitment to the agreement the oil agreement between them and the federal government, as pointed out that Baghdad would send the Kurdistan region's share of the full budget this month." FINALLY THE OIL AGREEMENT AND ERBIL AGREEMENT IS DONE AND IRAQI FEDERAL WILL BE SENDING ALL OF KURDISTAN FUNDS THIS MONTH... SOUNDS LIKE COMPLETE CONFIDENCE IN THE HCL BEING DONE.
4-29-2015 Newshound Guru Kaperoni Article quote: "Finance Committee demanded in the House of Representatives issued a fifty and a hundred thousand dinars categories, as well as reducing the customs tariff imposed on traders, to maintain the stability of the market and re-dollar natural position..." Sure sounds like something is going to start. Especially since the 50 is retired April 30th. May could be very interesting month!
4-29-2015 Newshound Guru Millionday [I see the liquidity still an issue in Iraq? If So ...what are the steps being taken?] THE LIQUIDITY IS REPORTED TO BE A TOPIC FOR DISCUSSION BECAUSE THEY ARE TRYING TO PROTECT THE INTERBANK MARKET -- THEY ARE MEETING ON THIS AND DECIDING ON WHAT TOOLS TO USE -- WE CAN GATHER THAT FROM THE REPORT WE HAD FROM SALEH -- HE IS GIVING HIS OPINION ON WHAT TO DO. THEY HAVE ALOT ON THE TABLE TO PASS ALL THE LAWS THEY HAVE IN PLACE -- HOLIDAYS ARE CANCELLED AND THE EXECUTIVE BODY IS MEETING AS WELL TO PREPARE ALL LAWS THAT IS NEEDED NOW -- NOTE -- THERE ARE MANY THINGS THAT THEY HAVE REPORTED THEY ARE WORKING ON -- OBVIOUSLY WE ARE GOING TO SEE MANY STEPS IN THIS PROCESS -- THEY HAVE ANNOUNCED THAT THEY ARE ACTIVATING THE REFORM PACKAGE --
4-29-2015 Newshound/Intel Guru Bluedog MALIKI ...SOON YOU WILL BE TOAST...JUST IMO.
4-28-2015 Newshound Guru Millionday "The head of the Supreme Islamic Iraqi Council Ammar al-Hakim on Monday the importance of the adoption of the principle of compromise and to reassure all of the components and not without each other, stressing the principle of a single basket in the adoption of important laws" HAKIM IS SAYING THAT THEY NEED TO HAVE ALL THE IMPORTANT LAWS IN A ONE BASKET VOTE BECAUSE THEY ARE RELIANT ON EACH OTHER -- THEY NEED TO HAVE THESE LAWS ALL IN PLACE AT THE SAME TIME. SO THIS IS HUGE -- ALL LAWS COULD BE VOTED IN A ONE BASKET VOTE. THIS WOULD ALLOW THE RELIANCE ON EACH OTHER CONSTITUTIONALLY AND LEGALLY TO NOT BE BROKEN. THEY ARE WORKING EXTENDED HOURS AND SESSIONS AND HAVE MULTIPLE COMMITTEES WORKING AS WELL. WHOOOPOW.
4-28-2015 Newshound Guru wmawhite If the staus of the IQD does not change...then Iraq will not be able to accomplish all of what they have told the world they want to accomplish. It is not us putting words into their mouths. It is them telling the world.
4-28-2015 Intel Guru Bulldog75 Please watch closely as this all comes together for there's a reason for everything and why the GCR has taken so long. The pieces of the puzzle are slowly coming into play, or should I say slipping into place...Gold is a currency and that price will reset first. Watch the EAST because they have the gold.
4-28-2015 Newshound Guru Aggiedad77 Abadi continues to vocalize support for Basra and their economic plight as well as for Anbar and the tribal leadership there who continue to fight DAASH cells...the Iraqi Security Forces are showing they are to be reckoned with in the province...unity abounds...cooperation is swelling all over Iraq for Abadi and his government efforts...The minuscule noise that you hear against him is coming from Maliki supporters...those that are left and their noise is but a tweak at this point...there is a growing national partnership that is more and more evident each day not only in the government but from all Iraqis. I'm excited about what has been happening...what we saw from today and I look forward to what the remainder of this month can show us and the world and what May holds in store for all involved...remember...the BEST is yet to come. [post 2 of 2]
4-28-2015 Newshound Guru Aggiedad77 ...this has been a really stellar day for Iraq I believe...we've seen confirmation of at least 2 loans from the IMF, mention of a possible third loan...talk of possible money from the World Bank...the discussions that PM Abadi had with the Parliament today...basically threw the gauntlet down in front of the Maliki supports...and we believe the ones who may have gotten a pink slip today may have been Maliki supporters as well. Abadi is showing he can play hardball and he is not intimidated by threats or accusations from those who blindly stand with M. We saw a commitment by the Baghdad government that leads us to believe a "full" payment is to be made to the Kurds for April...whoooorahhhh on the Kurd efforts for the month of April to get their exports up to par. [post 1 of 2....stay tuned]
4-28-2015 Newshound Guru Millionday [Do you...think the ultimate people at the top in charge of this process have a deadline date they are following? Or do you think this whole thing is event driven? i.e. when everything needed is done, it will happen then and only then?] I WILL GIVE MY OPINION ON THIS...I THINK THAT A PLANNED EVENT OF THIS SIZE HAS TO HAVE A DATE -- ANYTHING ELSE DOES NOT MAKE SENSE TO ME.
4-28-2015 Newshound Guru wmawhite PM Abadi did not go the Davos and then to Berlin and then to D.C. to tell the world WAIT...we don't want you or need you now. His message has always been now not later. They are wanting to do this as soon as they can pull it off successfully. [OK WE WAIT FOR THEM TO PULL THE FLOOD GATE.] Actually, IMO, no. IMO the status of the IQD will change PRIOR to the flood gates opening, the laws passed, etc., etc.
4-28-2015 Newshound/Intel Guru Bluedog THEY FLOODED THE MARKET WITH DOLLARS AND MADE IT SO IRAQIS WOULD TRADE DINARS IN FOR DOLLARS...TURN IN THOSE [DINARS] IN...AND SWEEP THEM OFF THE MARKET...AND READY YOURSELVES FOR THE LD's...IMO.
4-28-2015 Newshound Guru Aggiedad77 Article: "...Abadi has promised to introduce the allocation of funds to Basra, the Council of Ministers" PM Abadi has promised the Basra council that he will go before the COM and ask for funds in which Basra will be able to stimulate stalled projects...he made this promise but does not indicate as to when it might come to fruition... where will the money come from unless you RI...get on with the show then.
4-28-2015 Newshound Guru wmawhite ...keep in mind with all of the anticipation of the many laws, i.e. HCL, Investment Law, that these laws will open up the flood gates to the world of investors...except for one very important issue; the status of the IQD. First item, the IQD needs to be accepted/traded between countries. Second item, Iraq doesnt want to open up their country to the world with their currency valued at $0.00086 per 1 IQD. Therefore, by the time all of these laws are passed, IMO, we will have what we have always needed and all of those laws will been behind us.
4-28-2015 Newshound Guru Millionday [when does Ramadan begin and do U see this coming to fruition by then?] [Ramadan June 16 to July 18] I HAVE NOT SEEN A DATE IN INK YET BUT IF I DO -- I WILL BRING IT! HOLIDAYS ARE CANCELLED IN MAY...I FOUND IT VERY INTERESTING THAT JUST MAY WAS CANCELLED AND TO GET ALL IMPORTANT LAWS DONE. I KNOW THEY ARE WORKING ON THE DIRECTIVE LIST AND THE PAPERS HAVE BEEN SIGNED FOR THE FUNDING WITH THE WORLD BANK AS WELL. ALSO THEY HAVE BEEN TOLD TO ACTIVATE THE REFORMS AND THE STRATEGIC FRAMEWORK AGREEMENTS AND THE SOVEREIGN WEALTH FUND IS BEING ESTABLISHED AND THEY ARE PROTECTING THE INTERBANK MARKET. ALL ARE VERY IMPORTANT STEPS AND WITH THE LAWS THEY ARE WORKING ON THROUGH THE HOLIDAYS -- IT SEEMS TO ME THIS IS A VERY IMPORTANT STAGE. I AM EXCITED WITH ALL THE ACTION WE ARE SEEING.
4-28-2015 Newshound/Intel Guru Bluedog THE NATIONAL GUARD LAW IS JUST IN A PING PONG GAME..IMO...THIS HAS ALL BEEN AGREED UPON...BUT I THOUGHT LAST YEAR THIS COULD NEVER COME TO BE WITHOUT FUNDING AND IRAQ NEEDS TO UNLEASH THE 2015 BUDGET IN FULL IMO WITH THE RI RATE... THEN THIS BASKET LAW WILL BE UNLEASHED. THEY NEED THIS TO PROTECT INVESTORS WITHIN THE COUNTRY...THIS IS A >>> MAJOR LAW <<<. IT WILL BE ADDRESSED IN THE NEXT FEW DAYS. LETS SAY WHATS IN THE BASKET.
4-28-2015 Intel Guru Frank 26 Abadi arrived in DC...it was a very quick visit with O [Obama]. In that process Abadi goes and talks to different departments and asks for certain things. Abadi asked for some money because originally the IMF turned him down. And we were all excited thinking that the IMF wouldn’t give Iraq any more money. Then 48 hours later they gave them some money. Abadi went back to Iraq and told Dr. Shabibi that they have a little extra time. Abadi gets chewed out...told that he is doing a good job BUT they told him to get something’s done...to convince Dr. Shabibi that he was given the green-light and unless Dr. S is colorblind what is wrong with him? The US wants this done before Ramadan! So Abadi goes back to Iraq...meets with Governor of CBI telling him to get this thing done that they gave them just enough to get thru April. There is a push from Abadi onto Shabibi and the CBI to get the MR [Monetary Reform] done. The CBI books cannot give you a date but the info leaking out is a rate. It appears to start out at .85 cents to about a dollar. That is a rate... The dinar is going to go International pretty soon ...at a new exchange rate!
4-28-20215 Newshound Guru Millionday ...THEY HAVE BEEN GIVEN THE LIST OF DIRECTIVES AND ARE SETTING UP THE SWF ---SOVEREIGN WEALTH FUND. THE EXECUTIVE BODIES ARE WORKING ON THE LAWS THAT WILL BE PUT IN PLACE FOR THE NEW ECONOMIC DEVELOPMENT. Article quote: "The House of Representatives ended at its first session, which was held on Monday under the chairmanship of Vice-President of the Council Hamoudi and the presence of 229 deputies the second reading of the investment law." THEY HAVE MET AND COMPLETED THE SECOND READING TODAY -- THIS IS GREAT -- IT IS READY FOR A VOTE.
4-28-2015 Newshound Guru Kaperoni Article quote: "the Governor of the Central Bank, on the Keywords, Sunday, the government to carry out economic reform processes to maximize other resources is Alinvt.oukal Keywords: "It is necessary to activate a lot of procedures that restore financial and economic system in the country," and urged "reform process large enhance efficiency, financial, economic, achieving addressing the economic situation in the future." Currency reform is clearly identified as a necessary step for the market economy/investment to succeed. One way or another they will get there. 35 million Iraqis, jobs and prosperity are our motivation to see it happen. We just need to be patient for however how long that takes. Ali al Allaq is pushing all the right buttons asking the GOI and parliament to do there part so he can do his.
4-28-2015 Intel/Newshound Guru Backdoc AGAIN WE ALL KNOW THE DIFFERENCE OF A: IR - INDEPENDENT RATE .86 TO 1.30; RI - RE-INSTATEMENT FIRST WINDOW 3.93; RV - REVALUATION 3.93...INCREASE IN OIL PRODUCTION AND MINING...HIGHER? THE RI IN THE STORY HAPPENS IN THE FIRST WINDOW NOT OCTOBER! IT IS MY OPINION THAT AN RV OR AN ADJUSTMENT HIGHER AFTER OIL PRODUCTION AND MINING HAS A CHANCE TO INCREASE BETWEEN THE RI AND OCTOBER OR EARLY FALL. I ALSO BELIEVE ITS POSSIBLE THAT KUWAIT WILL ALSO ADJUST THEN WHEN THEY RELEASE THEIR NEW CURRENCY!! [The way I read it was that "restored to former glory" happens in the 1st window. That would be $3.21 PLUS >20% (@$3.86-3.93), then a projected "bonus increase" (or RV) in October for the IQD that will take it from the already established by then (@$3.93) to whatever the IMF rewards Iraq when Kuwait introduces their new currency. So I read it as 3.93 within the FIRST WINDOW.] YOU ARE DEAD ON BROTHER!
4-27-2015 Intel Guru TNT Tony We heard they are excited and anticipating something. Everything is so good there is nothing to discuss unless it DOESN’T happen. All Friday, they were hearing “it’s here, it’s here, it’s here”, although I don’t know what ‘here’ means over there. Our information says that they are happy. Banks and personnel are still on alert. They were looking for something this morning and that part didn’t happen. But that is how close we are to it happening at any point in time.
4-27-2015 Intel Guru Mnt Goat June is coming and is just weeks away. I want to make it very...clear to everyone right now. I am not predicting a June RV. This June timeframe is NOT a Mnt Goat timeframe! It is from al-Abadi himself and I have not seen any articles or heard of any speeches from him recently telling us otherwise. Could June come and go without an RV? It might if Iraq does not meet their plan to rid of ISIS prior to that timeframe. Once again I will say that Nori al-Maliki must be out of any Iraqi government position and out of the political scene prior to any RV. I have heard this multiple times from the USA sources this is a mandate from them. Also in a meeting Dr Shabibi (CBI governor) has expressed his desire for this to happen as a matter of security and financial requirements. The news we are now hearing is all good and shows us they still continue to make ongoing preparations for the RV.
4-27-2015 Intel Guru DC ...little has changed apart from a few positive, supportive moves in the direction of preparation...they have been preparing for this in Iraq at the banks and with notifications going out. The mosques are telling everyone to stay calm, that this is upon us, and everything is going to be great. That has been the deal all this weekend, with some actions that have taken place that look phenomenal. Frankly, there is not much to say in Iraq; it’s just great! In the US, everyone is where they need to be, preparing all weekend...everyone is lined up in the belief that this is going down. Everything looks really, really good and I’m very excited for all of us.
4-27-2015 Newshound Guru Millionday THE REFORMS ARE ALREADY PRINTED -- THEY ARE NOT A LAW BUT ARE AN AGREEMENT WITHIN IRAQ WITH ALL GLOBAL ORGANIZATIONS AND EXPERTS THAT HAVE HELPED IN THE DESIGN OF THE "NEW IRAQ" -- THESE ARE WRITTEN PLANS THAT HAVE BEEN DESIGNED BY THE BEST EXPERTS...AVAILABLE AND WOULD NOT GO ON TO BE PRINTED IN THE GAZETTE (LAW BOOK) HOWEVER MAY [MANY?] LAWS ARE REFLECTIVE OF THIS NEW PROCESS AND REFORM PACKAGE FOR THE COUNTRY. [Do Not Make Trouble...does that mean...give us a good rate? or what?] IMO -- IT MEANS THAT THE INTERNATIONAL CALCULATION DOES NOT CAUSE PROBLEMS/TROUBLE -- AS IT IS THE AGREED UPON GLOBAL PRICING INDEX -- OR CALCULATION. MATCHES EVERYONE ELSE -- FAIR PRICE -- NO TROUBLE. [post 2 of 2]
4-27-2015 Newshound Guru Millionday HERE IS THE QUOTE BY THE IMF REPRESENTATIVE >>> "the IMF International issued the list of directives, internationally agreed upon to determine the state basket and what are the international currencies, gold and bond rate, "noting that" the Iraqi Central Bank owns 80 tonnes of gold, including re-10 from the bank reserves, a good rate and within internationally accepted equations do not make trouble." THE REFORMS ARE INCLUSIVE OF ALL TYPES OF REFORMS THAT ARE ALL WEAVED TOGETHER AND DEPENDENT OF EACH OTHER BY WHAT I SEE...AS IN >> THE ECONOMIC REFORMS NEED THE NEW ADMINISTRATIVE REFORMS AND THE POLITICAL REFORMS ARE IN NEED OF THE NEW PROCESS AS WELL SO ALL WORKS AS ONE. THE ECONOMIC REFORMS WILL NOT BE SUCCESSFUL WITHOUT THE ADMINISTRATIVE REFORMS AND THE AGREEMENTS AND VICE VERSA -- SO ALL...WORK TOGETHER. [Post 1 of 2....stay tuned]
4-27-2015 Newshound Guru Breitling …Chase Bank has dinar. Bank of America has dinar…I know Bank of America has dinar in their reserve in St. Louis. I know this for a fact. You CAN'T go to a window at a bank to someone who is making a little bit more than minimum wage…people are asking the WRONG people questions and you need to STOP doing this. Whoever you talk to at Chase Bank do not know what they are talking about as far what's going to happen with the currency…they are not qualified to talk about it. As far as exchanging your currency with Chase, they chose not to…I guarantee if it starts gaining value they are going to want it… [Post 2 of 2]
4-27-2015 Newshound Guru wmawhite the other reason for a dramatic increase in value is because 90% of all goods are imported...meaning bought outside of Iraq at $0.00086 which increases the costs 1,000s of times. That is why it takes a 25,000 note to buy a bag of sugar. Increasing the value off the bat at least a 1,000 times will reduce the costs on the shelves 1,000 times putting tremendous buying power into the economy. What Iraq is dealing with today is what is left over from the war when billion of USD was flooded into the country in order to keep its economy going. This is coming to an end very soon and as they tell us the IQD return to greatness. [post 3 of 3]
4-27-2015 Newshound Guru wmawhite You can buy bank shares today on the ISX at 1.6 dinar per share. That is still less than $0.01 per share. If the ISX was opened to the world today every major company in Iraq would be owned by the rest of the world within hours. This is why the IQD will reprice prior to/before the world of investors flood into Iraq. Again, we know as fact, that PM Abadi stated that he was removing all obstacles to the investors. He is doing this now and IMO, we will see the repricing prior to this. [So does that say Iraq wants to keep ownership in country?] What it tells me is Iraq believes it is well worth more than $0.00086. In orther words If someone from the USA was going to invest $1,000,000 today they would only need the same as $860.00. Remember, these investors coming into Iraq long term are going to change their currency into IQD and set up shop and do business there. Today, at the current rate all they need is $860 to do $1,000,000 worth of business. IMO Iraq is going to say NO WAY world...we are worth more. [post 2 of 3....stay tuned]
4-27-2015 Newshound Guru wmawhite the CBI will introduce the IQD to the world prior to the massive wave of investors flooding into Iraq, which will be prior to all of these so called needed laws. [Do we really think that Shabbi was ready for a RV in 2013...?] We truly do not know...what we do know for sure is what is taking place today. We know for sure that PM Abadi stated that he will remove ALL obstacles to investment in Iraq...and as soon as the CBI instructs its banks to start accepting foreign remittances...the true value will be established and the world currency markets will be informed. Iraq has inked trade agreements with over 18 countries. Iraq doesn't want to open up their country at essentially $0.00086 per share. [post 1 of 3....stay tuned]
4-27-2015 Newshound Guru Breitling [I've been invested in the Iraqi Dinar since 2009…Since Iraq is retiring the 50 dinar notes at the end of April, I called Chase Bank to see if they would exchange them…they told me Chase Bank does not handle Iraqi Dinar. Can you explain why Chase Bank does not handle dinar?] I did get my dinar from Chase Bank and the reason why it was told to me that why they stopped it is because the dinar community was disrupting business. Their margins on selling dinar was so small…that's not what they are set up to do…yet you had "old ladies" [watch it Breitling! ;) ] and people going through divorces and going broke and calling the bank everyday asking, "hey did the dinar revalue?"…it literally jammed up their phone systems. It's that simple. It has nothing to do the it's value. It has nothing to do with what's coming down the road... [Post 1 of 2 Stay tuned for the rest of the story...]
4-27-2015 Newshound Guru My Ladies WHILE I AGREE THIS CAN HAPPEN AT ANY MIN [MINUTE] I, THAT’S ME PERSONALLY, HAVE NO EXPECTATIONS UNTIL SOMEWHERE AFTER JULY. NOW CAN THAT CHANGE? YES OF COURSE IT CAN...I THINK WE ARE RIGHT ON TRACK, I THINK IRAQ IS HANDLING THEIR BUSINESS IN A TIMELY WAY AND I THINK THE REST OF THE PROCESS HAS TO UNFOLD. THERE ARE MANY MOVING PIECES TO BRING FORTH WHAT WE WANT TO SEE ...REMEMBER IN IRAQ A DINAR IS A DINAR AND AFTER THIS CHANGES THINGS IN IRAQ WILL NOT BE MUCH DIFFERENT. WE ARE LOOKING FOR AN INTERNATIONAL EXCHANGE RATE OF THE DINAR TO WHICH EVER CURRENCY WE USE. IRAQ WILL NOT BENEFIT FROM THIS IN ANY WAY OTHER THAN PURCHASING POWER. FOLLOW THE CBI AND THE MONEY, FORGET ABOUT THE GOI THEY WILL BE WRITING AND FIXING LAWS FOREVER. FOLLOW THE MONEY. [post 2 of 2]
4-27-2015 Newshound Guru My Ladies I WAS VERY PLEASED TO SEE SO MANY ARTICLES CALLING FOR THE SEPARATION OF THE CENTRAL BANK FROM GOVERNMENT...DO NOT BE CONFUSED WITH THINKING THE CBI AND THE GOI ARE ONE. THEY ARE NOT. TOMORROW A DELEGATION FROM THE FINANCE DEPARTMENT WILL TRAVEL TO KURDISTAN FOR IMPLEMENTING THE TARIFFS. I ASSURE YOU THIS EVENT WILL NOT BRING FORTH THE RE PRICE. FOR SOME UNKNOWN REASON MANY...ARE HOLDING ON TO THE ACTUAL APPLICATION OF TARIFFS AS A SIGN OF AN “RV” PLEASE STOP DOING THAT. WHAT WE WANT TO SEE IS AN ELECTRONIC MECHANISM THAT CAN CONVERT ANY CURRENCY INTO THE DINAR VALUE. THAT IS THE SIGN OF INTERNATIONAL CURRENCY. [post 1 of 2....stay tuned]
4-27-2015 Newshound Guru wmawhite ...if they are to eventually delete the large notes they will not issue larger note such as 50,000 and 100,000 notes. The translation of these reports tell us that the notes will have like value as if they were holding 50,000 IQD and 100,000 IQD respectively.
4-27-2015 Newshound Guru Millionday Article quote: "the IMF International issued the list of directives, internationally agreed upon to determine the state basket and what are the international currencies, gold and bond rate..." THIS LOOKS LIKE THEY ARE CALLING FOR RATES TO BE CALCULATED. DIRECTIVES? ISSUED THE LIST OF -- DIRECTIVES--(ORDERS) TO DETERMINE -- THOSE RATES -- IT APPEARS...AND CBI GOV HAS CALLED FOR IN INK -- THE ECONOMIC REFORM TO BE ACTIVATED...WHOOOPOW.
4-27-2015 Newshound Guru Kaperoni Article: "Economy calls for parliamentary approval of the Central Bank Law and the "removal" of the government" It seems pretty clear that the powers to be, the IMF, WB and UST are not going to let Iraq move forward with reforms until they pass a law to make sure the CBI is independent. Another law we are waiting on. A law in parliament that assures the complete independence of the CBI from the GOI. We have seen references to a law of independent bodies. I would assume that is what we want to see passed.
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