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7-7-2015 Intel Guru Frank26 [via FrostyTheSnowman] The HCL...that is a HOT thing for us right now...it is the Lava Flow. Now of all of the people...the so-called “advisors of the GOI submitted a proposal to amend the Federal Oil and Gas Law to be completed within two months.” That means they started it 2 months ago … (that’s when we heard the rumors about it). Article 140 which is important for the HCL...there are 30 things that the GOI has to do to lift Article 140. These 30 things were done a long time ago – so Article 140 was put on the shelf. A few days ago Article 140 was brought back off the shelf and REACTIVATED once again. These are things that the GOI has to do for the people of Iraq. And guess what one of those 30 things is? The HCL! Lots of number are now changing...TRANSPARENCY...so now the GOI says it now produces 4.3 Billion barrels a day...transparency is coming...they want the world to know these numbers and what they are doing. The last part (for the citizens) will come at the very end. The HCL is HOT.
7-7-2015 Newshound Guru Kaperoni Article: "Government banking sector seeks to open up to the world" These kinds of articles is exactly what we want to hear. They cannot keep the dinar weak much longer. Remember, many think it is grossly undervalued.
7-7-2015 Newshound Guru firefly IMO the HCL has been passed a long time ago. We are just waiting on Implementation. I am only watching the CBI and Abadi ...period. M [Maliki] IMO is irrelevant. There will always be corruption, not just in Iraq but globally. They need to get this done ASAP...End of story.
7-7-2015 Newshound Guru Millionday Article quote: "The Federal Supreme Court, announced today the unconstitutionality of Article 50 of the Budget Law for 2015, and the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed $ 75 million a day." THE FEDERAL SUPREME COURT SET LIMIT TO 75 MILL. [did they find it unconstitutional? Art 50?] YES. THE FEDERAL COURT ALSO FOUND THAT THEY MAY NOT AMEND THE BUDGET...BUDGET MUST REMAIN.
7-7-2015 Intel Guru Frank26 [via FrostyTheSnowman] There is a change coming in many things as you know. The thing that was required BEFORE that change was a sense of SECURITY within the GOI and the banking and leadership of IRAQ (the PM – Abadi and the Gov of Iraq – Dr. Shabibi). The monetary reform (Lava Flow) is beautiful...masterful. Iraq is passing laws which they’ve been doing for a long time...which was hard for them because they had no security at the time especially when Maliki was around. Iraq wants the world to know that Maliki (who was always a problem when they tried to pass laws in the past) is no longer a threat anymore. The removal of Maliki was important and allowed these laws to come forth and the sequence of these laws...the domino effect...from one law to another finally allowed things to happen. [Do you feel we have the security necessary in IRAQ?] YES I DO.
7-7-2015 Newshound Guru Millionday [Do you know if they ever passed the investment law?] THEY STATE THAT IT IS IN PARLIAMENT AND THEN WE HAVE REPORTS ABOUT HOW EXCITING THE LAW IS AND THE COMMITTEE COMMENTS ON ITS COMPLETION SO IT IS NOT CLEAR TO ME AT THIS POINT. THEY HAVE STATED HOW GREAT IT IS AND HOW THEY NEED TO HAVE IT OFF THE SHELF SO TO SPEAK. MY OPINION IS IT IS DONE AND NOT PRINTED.
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7-6-2015 Newshound Guru sczin11 WHAT A DAY IN IRAQI POLITICS...THAT SNOWBALLS TO THEIR MR [MONETARY REFORM] AND ER [ECONOMIC REFORM], AND MOST OF ALL TO THE CITIZENS OF IRAQ...TEN LINE ITEMS IN THE HISTORIC 2015 BUDGET RULED UNCONSTITUTIONAL...WOW!! WHAT THIS ALL MEANS RIGHT NOW, IS OF COURSE NOT YET KNOWN...IT IS IRAQ!
7-6-2015 Newshound Guru Kaperoni Article: "Government banking sector seeks to open up to the world" These kinds of articles is exactly what we want to hear. They cannot keep the dinar weak much longer. Remember, many think it is grossly undervalued.
7-6-2015 Newshound Guru Millionday Article quote: "the advisers made a series proposals to the Prime Minister with respect to federal oil and gas law, to be completed in less than two months and sent to Parliament." THIS IS STATING THE HCL WILL BE FORMALLY OR IS EXPECTED TO BE DONE WITHIN A COUPLE MONTHS...THIS WILL REQUIRE RE-ACTIVATION OF ARTICLE 140 AS WELL...MANY LAWS ARE BEING ADDRESSED (THE IMPORTANT ONES) ---- AND THEY ARE REPORTEDLY USING THE OIL AGREEMENT NOW AND HAVE BEEN MEETING ON THE AGREEMENT MADE WITH ERBIL -- SO LOOKS AS IF THE LAW IS ALMOST DONE --- FORMALLY.
7-6-2015 Newshound Guru sczin11 Article quotes: "Central Bank praises the decision of the Federal Court declared unconstitutional additives on the Budget Law..." "Praised the Governor of the Central Bank of Iraq on the Keywords, on Monday, the Federal Supreme Court's decision to accept the appeal submitted to the bank on the budget materials..." HUGE SUPREME COURT DECISION IN FAVOR OF CBI...75 MILLION CAP, UNCONSTITUTIONAL ...I AM VERY CURIOUS TO SEE RESPONSES FROM ABADI JUBOURI ETC...TO THIS DECISION.
7-6-2015 Newshound Guru Aggiedad77 ...the Federal Court is announcing their stance on certain articles of the 2015 Budget...as we suspected they are calling them unconstitutional...especially that of Article 50...we also are seeing that the Finance Committee is attempting to regroup...
7-6-2015 Intel/Newshound Guru Poppy3 moment by moment, minute by minute we inch closer and closer. THE NEWS [GURU] MILLIONDAY CONTINUALLY BRINGS HAS AND CONTINUES TO PAINT THE PICTURE OF OUR STATUS FOR ALL OF US WHO READ EVERY WORD.
7-6-2015 Newshound Guru Millionday Article quote: "The al-Maliki trial today has become an urgent necessity..." [My question would be once the trail starts will Maliki be arrested and put behind bars?] I DONT KNOW. I KNOW HIS RESUME` LOOKS BAD. WE WILL ALL HAVE TO WATCH TO SEE WHAT THEY DO WITH HIM. [Do you think the trial will delay the MR?] NO -- THE TRIAL WILL NOT DELAY THE REFORMS -- IT WOULD NOT HAVE AN IMPACT AT THIS POINT AND WITH HIS POSITION IMO.
7-6-2015 Newshound/Intel Guru BGG [things have sure never been this exciting...] I would agree - can't say it means an immediate RV - but it is sure getting exciting...
7-6-2015 Intel/Newshound Guru tman23 As I had been saying... And now in ink, the Kurds are threatening the payments in USD... They would abandon the IQD altogether! A MAJOR THREAT for the CBI... Just another confirmation that we are in an excellent position to see change...
7-6-2015 Newshound Guru OOTW ...PARLIAMENT PUT OUT A PRESS RELEASE...THAT THEY'RE ADDRESSING THE CONTENTIOUS ISSUES ON THE NATIONAL GUARD LAW - THEY GAVE NO TIMELINE IN THE OFFICIAL PRESS RELEASE - THEY'RE WORKING ON IT. THERE'S NOTHING STATING AT THE PARLIAMENT SITE THAT I CAN SEE RIGHT NOW, THAT SAYS THEY'RE WAITING UNTIL AFTER EID TO PASS LAWS. MASSUM CAME OUT YESTERDAY AND SAID HE WAS GOING TO GIVE JOBOURI THE RIGHT TO PASS LAWS NEEDED FOR NATIONAL RECONCILIATION, INCLUDING ECONOMIC REFORM... MASSUM HAS GIVEN JOBOURI THE POWER TO PASS LAWS...
7-6-2015 Newshound Guru sczin11 PARLIAMENT OFF FOR 2 WEEKS. [ I thought parliament just got back...?] THEY DID, 4 days FOR THEM, IS A MONTHS WORK...THEY NEED TO REST NOW. IMHO, LOTS AND LOTS IS HAPPENING...MOST WE ARE NOT PRIVY TO, AND WONT BE, UNTIL IT HAPPENS...
7-6-2015 Newshound Guru wmawhite CNN...did a big piece on Maliki this morning. Tied together Maliki's failures to the rise of ISIS...and now we see more and more press about Maliki and the movement towards criminal charges tells me that europe/USA are telling the Sunni Tribal Leaders that true change is here...and there is so much more afoot...happening that is good for us.
7-6-2015 Newshound Guru Millionday Article: "Announced Rafidain Bank, announced the launch of banking cooperation with the International Foreign banks initiative." RAFIDAIN BANK HAS ANNOUNCED THEY ARE MOVING FORWARD WITH INTERNATIONAL BANKING RELATIONS -- HUGE NEWS. THIS IS AN IMPORTANT STEP PER THE FOREIGN REMITTANCE SYSTEM. [isn't internationally recognized a requirement for this?] IT COMPLETELY DEPENDS ON WHAT AGREEMENT THEY HAVE SET UP TO BEGIN -- THIS IS THE BEGINNING ACCORDING TO REPORT AND A HUGE ANNOUNCEMENT BUT THEY ARE NOT THE ONLY ONE THAT SHOULD BE MAKING THIS ANNOUNCEMENT. [Any idea as to when this is to start or has it started?] TO ENTER GLOBE -- THEY HAVE TO HAVE INTERNATIONAL EQUATION ACCORDING TO WORLD ECONOMIC LOGIC --- SO THIS IS A HUGE BEGINNING OF SOME GREAT NEWS IMO. NO DATE GIVEN.
7-5-2015 Newshound/Intel Guru BGG [Do you believe that Iraq must have a reality rate before they can get a good credit rate?] No - I do not... but I think both will happen.
7-5-2015 Newshound Guru wmawhite It is good to know that Abadi/GOI and Parliament is hearing from the rest of the financial world that these laws WILL be passed and enacted or Iraq will never be a part of the global economic community. And what did Abadi state when he last left Berlin at the World Economic Conference..."Iraq will join the World Economic Community." ...being in this investment means my bet is with Abadi.
7-5-2015 Newshound Guru tlm724 Article: "The advisers submit proposals to amend the federal oil and gas law to be completed within two months" to amend the federal oil and gas law to be completed within two months...to be completed in less than two months and sent to Parliament...well thats encouraging... the Council of Ministers completed more than 80 percent of the document the political terms of the agreement...getting closer...we all know how important this is and it's good news all around.
7-5-2015 Intel/Newshound Guru tman23 The #1 LAW on the Kurd list was the Federal Court Law. Nothing else matters unless this law is passed. What good are 'Laws' if there is not Judicial enforcement...And Maliki is the one who has orchestrated walk outs during the readings.
7-5-2015 Newshound Guru Bondlady Article: "Abdul-Mahdi announce the arrival of Iraq's production of "4.3" million barrels per day" thats awesome! and the most production ever...Very Happy.
7-5-2015 Newshound Guru tlm724 Article: "Urgent start of the parliamentary session in the presence of 235 deputies to read the general amnesty, accountability and justice laws" 4 sessions in the last 5 days! unheard of...Very Happy.
7-5-2015 Newshound Guru Stryker Aritcle Quote: "It should be attached to the mechanism of enactment of the law as a first stage administrative mechanism and executive-money laundering law, being gives confidence to the Iraqi economy and the confidence of the Transparency International organization and international organizations." These were the things that CBI Governor Ali Ismail was talking about March 3, 2015 when he said this: "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it." And when he said that he was talking about this: "the project to delete the zeros is based has been put into practice and gave the green light to start with," noting that "The project needs a period of time may extend to two years or more." My point in bringing you this because these administration and regulations will be what keeps the bad guys from gaining from the new currency reform! So don't think the security and ISIS are the hold up, IMO there not!
7-5-2015 Newshound/Intel Guru BGG quite honestly - as I understand it - they are still missing a whole level of government intended to be something along the lines of our Senate. [I thought that Abadi wanted to give more power to the regions (states)?] so he says...let's see it. well - unfortunately the saying "Iraq is open for business" has come and gone...well - give the proclamation months and months and they are still in the middle of a very serious struggle.
7-5-2015 Intel/Newshound Guru Poppy3 I HAVE BEEN TOLD THEY ARE MOVING WITHOUT DELAY AS FAST AS THEY POSSIBLY CAN. THEY MUST SETTLE SO MANY DISPUTES FROM TRIBE TO TRIBE BUT ABADI IS A MASTER FROM PEOPLE I HAVE TALKED WITH AT BREAKING BARRIER AND GETTING PEOPLE TO WORK TOGETHER. HE JUST CAN ONLY BE AT SO MANY MEETINGS BUT IF YOU HAVE NOTICED AFTER EVERY DELAYED MEETING OR PUBLISHED DISPUTE WHEN HE ATTENDS THEIR NEXT MEETING THINGS GET SETTLED. HE IS PUSHING FOR COMPLETIONS OF ALL AND TO GET THE MONEY FLOWING FOR THE PEOPLE OF IRAQ AND AS POPPY3 HAS ALWAYS SAID WHEN THE PEOPLE OF IRAQ GET BLESSED WITH WHAT THEY WANT THEN WE WILL GET OURS.
7-5-2015 Newshound Guru Aggiedad77 Article: "Today the House of Representatives ratified the international conventions and discusses the insurance car accidents and the law of Islamic banks" Well kind of a ho-hum day in Parliament today [Saturday], yes there was some action but mostly be those pinch hitting it seems...the big guns were kept away from the table yet again...there was a second reading of the Islamic Bank Act...this was actually submitted by the Finance Committee...
7-4-2015 Newshound Guru OOTW ANOTHER ARTICLE CAME OUT ACCUSING MALIKI OF CRIMES OF GENOCIDE...HE'S BEING ATTACKED EVERYWHERE IN THE MEDIA. WHY NOW? BECAUSE THEY'RE ON THE HEELS OF TRYING THESE CASES. THE CORRUPTION SPREADS OUT LIKE A WEB.
7-4-2015 Newshound Guru Chattels so much of what is needed to cure what ails Iraq in the law(s) are interdependent - there is much to be done across the board to ensure the rule of law, justice and accountability.
7-4-2015 Newshound Guru Kaperoni Articles: "Rafidain Bank confirms his quest to support the national economy through cooperation with Arab and foreign banks" & "Rafidain Bank opens prospects for cooperation with Arab and international banks" This continues to be a good step in the right direction.
7-4-2015 Newshound Guru sczin11 [perhaps it is darkest before the dawn and indeed there is desperate progress being made and necessarily outside of the public eye.] THEY ARE SETTING THE STAGE TO TAKE DOWN ANY AND ALL CORRUPT OFFICIALS, PREPARING THE JUDICIAL SYSTEM TO NOT FEAR RETALIATION...IN ORDER TO ACCOMPLISH THIS, PROPER LAWS MUST BE IN PLACE SO THAT GLOBAL BACKING WILL BE PRESENT, AND INTERNAL OBJECTIONS, WILL NOT INTERFERE, WITH THE PLAN... AND THIS IS WHAT IS HAPPENING...EVERY ARTICLE THAT SOUNDS BAD FOR IRAQ, IS REALLY GREAT FOR THE PLAN.
7-4-2015 Newshound Guru OOTW MALIKI ENACTED LAWS LIKE THE ELECTRONIC TRANSFER LAW AND THE BUCHAREST CONFERENCE (LAW) WHICH REGULATES MONEY LAUNDERING (LAST YEAR AROUND JULY) SO HE COULD GET MONIES OUT OF THE COUNTRY...HE DOESN'T DO THINGS FOR THE PEOPLE. WE'RE SEEING HIS "WORK" COMING BACK TO HAUNT HIM. IT'S ONLY A MATTER OF TIME NOW. WE'RE FINALLY GOING TO SEE SOME DESERVING PEOPLE, PROSECUTED. [IYO are these legal issues a prerequisite for our mutual goal concerning the IQD? Is this one of the stability issues that Dr. S. [Shabibi] needs for complete economical reforms?] ALL I CAN SAY...IS THAT IF THE CORRUPT ARE NOT PROSECUTED, THEN HOW CAN INTEGRITY LAWS BE ENFORCED HENCEFORTH? WE HAVE A HUGE MONEY LAUNDERING ISSUE THAT'S RUNNING IRAQ RIGHT NOW. [so it is a stability issue?] IN PART YES.
7-4-2015 Newshound Guru Kaperoni Article quote: "...the Cabinet's decision to vote on the draft anti-money laundering law submitted by the central bank, which was put on according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations..." I don't believe I have seen it in writing in the IMF Article IV Consultations, but I would expect that such law would be a requirement also prior to acceptance to Article VIII. It has already been stated by a few, this is no slam dunk. To many corrupt Iraqis would prefer to keep stealing over the passage of this. It will be interesting to see how it is received in parliament.
7-4-2015 Newshound Guru Millionday [do we know if Baghdad had the Q Cards loaded yet?] THIS WEEK ALL ELECTRONIC EQUIPMENT WAS DELIVERED...NO NEWS ON THE CARDS BEING LOADED YET THAT I HAVE SEEN IN INK.
7-3-2015 Newshound Guru Kaperoni I will just say this when it comes to a LOP. A redenomination is a last resort, it is a sign of failed economic and monetary policy. Iraq though in tough times, has not failed. ...most of the worlds currencies float and Iraq will also when the time is right.
7-3-2015 Newshound Guru wmawhite ...do you remember all of those "trade agreements" that Iraq has been signing over the past couple of years? Those trade agreements are with countries...and those countries are similar to customers to Iraq and Iraq is similar to a customer to those countries. So think...trade...with over twenty (20) different countries that have different currencies. When Iraq introduces the IQD to the world currencies markets, these are some of the first countries that will start conducting international commerce with Iraq and the Iraqi Dinar.
7-3-2015 Newshound Guru Millionday [Have you found anything on the credit rating for Iraq on July 7th AND do you have to have a revalue IYO before the credit rating?] ...ALL I FOUND WAS A MEETING ON THE 7TH. I DONT THINK THEY HAVE TO REVALUE BEFORE THE CREDIT RATING BUT I WOULD THINK THE REFORM PLANS AND REVENUE EXPECTATIONS ETC WOULD BE RELEASED FOR THE RATING THOUGH OR AT LEAST THE SCHEDULE TO PAY ALL DEBTS.
7-3-2015 Intel Guru Frank26 [Is Iraq's credit rating still a go for July 7th?] iMO...They have it...We public Joe does not yet. Based on BONDS INTEL. We see international not domestic bonds. [I think EID would be a great time for the Iraqi citizens to receive their share of the oil revenue!] Was asked Monday if i feel 2015 is our year. Don't know...But do know this is the FIRST time we see the HCL in its full statuesque form on the operating table...THE FIRST YEAR EVER!
7-3-2015 Newshound/Intel Guru BGG it is my strong belief something has to happen soon - there is a lot of stuff going on over the next 10 days or so... the 50 class note, Maliki, trials, $$ shortages - very, very exciting times. ...they may be forced into some kind of currency reform - whereas before it was more a "planned event"... exciting times. ...do I care what the number?? or exactly when?? No - just get things going already!!
7-3-2015 Newshound Guru Chattels Article quote: "Iraq's autonomous Kurdistan Regional Government (KRG) is backing away from its troubled oil export and revenue sharing agreement with Baghdad, by allocating much more of its oil production to autonomous sales and seeking to renegotiate its fiscal relationship with Baghdad." CONTRARY TO CERTAIN COMMENTARIES...THE KURDS HAVE NOT BEEN AND ARE NOT HAPPY...
7-3-2015 Newshound/Intel Guru BGG now for the good news - they have regained their senses and restarted the auctions...which - in the short term - is better for everyone. Using USD to attract IQD on the cheap is a good way to go.
7-3-2015 Newshound Guru Aggiedad77 Article "Parliament's legal (et): next week will hold consultations between the three blocs to pass important laws" This is a sign of some positive action that could be coming up next week within Parliament....plans by the Legal Committee to get a couple of these more important laws pushed to the forefront of the Parliament agenda hopefully....the National Guard Law, the Federal Court Law, and the Law of Parties....apparently these are close to a vote and are believed to be doable in the very near future.
7-3-2015 Newshound Guru Kaperoni One thing is for sure, if oil revenues remain low, they cannot afford to liberalize the foreign exchange selling dollars for a continued period, the auctions are getting too big... The end result will be more patchwork and tricks. I know many ask the question..why don't they simply raise the value or begin currency reform as a solution? The answer is simple...Iraq is not ready yet...they need to pass laws, stabilize the environment, bring investment and investors, to create an environment that allows the dinar to rise as a means to offset inflationary pressure created by the transition to a market economy. This all works together, and for the success of the currency, the stage has to be set. As Dr. Bakri said, Article VIII will come after the reform...which puts even more pressure on Iraq to get this done since Article VIII is also very necessary to allow freedom of movement of capital (convertibility worldwide).
7-2-2015 Newshound Guru Stryker It sure looks like a new 50,000 dinar note will be introduced this month to the existing 3 zero categories. Not what we want to see but it is what it is, and this process is a very time concerning and the timing in launching it is vital to it's success. In other news the Central Bank is calling for parliament to speed up the Anti-Money Laundering Law so they can recover all the looted funds that have been removed and frozen all over the world. Also, the CBI is just waiting on Iraq's credit rating to come out so they can launch the offering of international bonds. In the meantime the domestic bonds will be launched this month if all goes well. Things may not seem to be going well but they are, success takes time...
7-2-2015 Newshound Guru Aggiedad77 Article "Interior announces the arrival of the first shipments of crude national card" Are we being provided with hints of the HCL to come...are these cards the precursor of how the citizens portion will be loaded and provided to them in an automatic and "e" function type of manner...wouldn't that just be the icing on the cake, maybe the cherry atop the ice cream...keep an eye on this process and see what it brings to the Iraqis.
7-2-2015 Intel/Newshound Guru tman23 [I want to know who "Keywords is"! They NEVER give a name...only KEYWORDS?] Governor of the CBI is "Keywords"... Minister of Oil is "Keywords"... Minister of Electricity is "Keywords"... The HIGHEST in office is the "Keyword"...everyone else speaking below them is not considered "Key"... Still confused? The person who has the authority is 'Keyword". Think of "Keywords" being replaced by "official statement".
7-2-2015 Newshound Guru Millionday Article quote: "...the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks..." THE COUNCIL APPROVED...THE LAW OF MONEY LAUNDERING --- THIS ADS CONFIDENCE IN THEIR BANKING INDUSTRY GLOBALLY AND WILL KEEP THEM OFF THE INTERNATIONAL "BLACK LIST". SO THE PASSING OF THIS IN THIS PARLIAMENT SESSION OF COURSE WILL BE GREAT NEWS AND HELP IRAQ IN THE GROWTH OF NOT ONLY THEIR BUSINESS BUT ALSO WILL GIVE WORLD CONFIDENCE.
7-2-2015 Newshound/Intel Guru BGG [now they are talking about the laws that need to get passed and just last week they were talking about the three presidents getting together and passing them by themself, what happened to that idea?] there is plenty of reference to the 3 presidents getting together... this is no secret. They are even talking about cooperation to advance various "laws"... what may be in question is exactly how they intend to do this - AND keep in mind, this is Iraq, it might not be completely out of the question they resort to some "extra-constitutional" method - especially if agreed to by a majority. However, having said as much I have been plain for a long time - we don't need an HCL (they have one) and we don't technically need more laws...IMHO will the 3 presidents concoct some form of a "parliament over-ride" - I highly doubt it... will they come to some mutual agreement - more than likely. The bigger issue - they had better do it quickly. Iraq is plainly headed to a dire state of austerity.
7-2-2015 Newshound Guru Kaperoni IMO, Currency reform needs to happen as soon as possible. Then they can comply with the IMF and get into Article VIII so the dinar is convertible.
7-2-2015 Newshound Guru My Ladies [...if Iraq gets credit rating on July 7th does that not mean simultaneous international rate?] WELL...HERE'S THE THING...IF IRAQ GETS A CREDIT RATING FROM THE MAJOR REPORTING AGENCIES WITH OUT HAVING A CURRENCY THEY WILL BE THE FIRST I HISTORY TO DO SO. NOW THIS WEEK WE ARE WATCHING AN AWFUL LOT OF FIRSTS...I JUST HOPE THAT IS NOT ONE OF THEM.
7-2-2015 Newshound Guru Enorrste Having said that, however, I believe that the CBI may have some other cards up their sleeves, although not many. A lot is riding on the large note introduction. It is essential in the mind of the CBI that the downward pressure caused by dollarization in Iraq be stopped, at least, before a change in the exchange rate regime is initiated. ...Allaq's statements indicates that he may believe that he can still stabilize the dinar's value through the auctions, as was done before. Once the currency value is stabilized then, in theory, they could move to a float. But the real desire, in my view, is to put upward pressure on the dinar, and the "hope" is that the introduction of the large notes will start that process away from the dollar. In the end, as KAP [Guru Kaperoni] has said many times, only investment within Iraq will ultimately provide the upward pressure that will significantly raise the dinar value. But at this point they have to stop the "bleeding" of the downward spiral in the dinar and the "running away" from it in favor of the dollar. It is a tricky time. [post 2 of 2]
7-2-2015 Newshound Guru Enorrste The plan, as I understand it, is to issue the large 50000 and 100000 notes in order to do two things: reduce the demand for the dollar within Iraq and allow for a reduction in the money supply. If the first does not happen, then the second cannot happen. Without a reduction in the money supply the value of the dinar will not rise. Actually, to put it more accurately, unless there is upward pressure on the dinar value the money supply cannot be reduced. Therefore, if the introduction of the large notes does not stem the demand for dollars then there will be no way to wean the country off of dollars and back to the dinar. Without more upward pressure on the dinar, the longer term plan is in jeopardy. [post 1 of 2....stay tuned]
7-2-2015 Newshound Guru Millionday TWENTY LAWS ARE SITTING WAITING FOR PARLIAMENT TO PASS RIGHT NOW -- REPORTEDLY THEY WILL ADDRESS THE MOST IMPORTANT LAWS FIRST... PARLIAMENT HAS STATED THAT THEY ARE PREPARED SERIOUSLY TO PASS THESE LAWS. FINALLY A PREPARED HCL IS IN PARLIAMENT AND THE AMENDMENTS COMPLETE. THEY HAVE STATED IN A FEW REPORTS THAT IF THE LAWS ARE CONSTITUTIONALLY SOUND THEY ARE GOING BE PASSED. MANY LAWS ARE SITTING SO ALL CAN BE PUT IN PLACE AT THE SAME TIME.
7-2-2015 Intel/Newshound Guru Poppy3 STANDING ON NEW RATE THIS MONTH...JUDGING FROM THEIR WORDS AND ACTIONS WE ARE LOOKING VERY GOOD THIS MONTH.
7-2-2015 Intel/Newshound Guru tman23 In 2011, Dr. Essawi (Finance Minister) and Dr. Shabibi drafted a Letter of Intent to the IMF... In this letter they described the policies to be initiated in which the major focal point was meters being installed at all oil production and export stations...This was near completion at the time of the LOI as stated in the letter...The Kurd region agreed to the monitoring meters in February 2014...The meters began "LIVE" reporting January 2015... The IMF regarding currency policy changes and revaluing... The IMF states; Specific laws DO NOT need to be in place... as long as they are in the process... That said; The CoM has drafted the laws...The Minister of Justice has reviewed and published them in 3 languages...The CoM has sent them to Jabouri and he has introduced them in Parliament... By IMF standards...The laws being in Parliament and in progress is good enough for a rate change... The oil meters are in place...electronically read!
7-2-2015 Newshound Guru Millionday TODAY IS FIRST DAY OF PARLIAMENT SESSION. THE IMPORTANT LAWS THAT COULD NOT BE AGREED ON ARE BEING PASSED THROUGH BY EXECUTIVE ORDER (THREE PRESIDENTS) ACCORDING TO REPORTS AND PARLIAMENT IS WORKING ON THE REST THIS WEEK. THE INVESTMENT LAWS WERE AGREED ON SO PARLIAMENT IS EXPECTED ACCORDING TO REPORTS TO FINISH THEM TO LAW. THE AMENDMENTS THAT WERE DONE WERE TO ATTRACT AS MANY INVESTORS AS THEY COULD.
7-1-2015 Newshound Guru tlm724 Article: "Abadi adviser: financial crisis a lesson for Iraq for the advancement of its economy and diversify sources of income" Saleh said Tuesday that the government is seeking to diversify the investment of oil revenues to develop some types of manufacturing, agricultural and service sectors. "Iraq is heading to the manufacturing, agriculture and services produced and not rely on oil." that would be a free market economy.
7-1-2015 Newshound Guru Chattels [so basically the 3 presidents don't need to wait on parliament to vote the laws through?] [THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.] WHAT! EXECUTIVE ORDER? THE THREE PRESIDENTS, INDIVIDUALLY OR IN CONCERT, HAVE NO CONSTITUTIONAL POWER TO ENACT LAWS. CONSTITUTIONALLY, LAWS ARE ENACTED BY PARLIAMENT ALONE. PERIOD. END OF STORY. I FIND NO CONSTITUTIONAL BASIS FOR TRUNCATION OF SUCH PROCEDURES... THERE IS NO " FAST TRACK " FOR LEGISLATION...
7-1-2015 Newshound Guru Enorrste Article: "Parliamentary economy reveal the 50 thousand dinars coin put into the market this month" This is great news. It confirms my analysis, on the one hand, including the fact that they are moving forward more quickly. But it also puts to death the talk of a 50000 note marked 50 dinars, which will not occur until the value increases significantly. If we are lucky the 50000 note will become more attractive to the locals and the demand for the dollar will be assuaged. To the extent that this happens I predict that the 100000 note will be stepped up to no later than the 3rd quarter of this year. If, on the other hand, the 50000 note does not lower demand for the dollar, then all bets are off.
7-1-2015 Newshound Guru sczin11 LIKE MOST EVERYTHING ELSE WE READ, THE NEWS HAS HAPPENED, PAST TENSE...SO THE QUESTION REMAINS, WHY RELEASE THIS NOW? MORE DIVERSION FOR SOMETHING BIGGER TO HAPPEN OR BE RELEASED, THAT SEEMS TO BE LOOMING IN THE LIMELIGHT...SOMETHING IS HAPPENING...OH AND WAIT...DR. SINAN AL SHABIBI, SPEAKS AFTER SIX MONTHS OF SILENCE, SINCE HIS ACQUITTAL! HAVE WE HEARD ANYTHING FROM THE BANKS IN MOSUL SINCE JUNE 10, 2014, OTHER THAN ROBBED, CLOSED DOWN, CONTROLLED BY ISIS, ISIS MONEY BEING USED...AND TODAY WE HEAR FROM THE BANK OF JORDAN, REFERRING TO INTERVIEW OVER A MONTH AGO.... WHY MY FRIENDS???
[post 2 of 2]
7-1-2015 Newshound Guru sczin11 JORDAN BANK IN MOSUL STATES BUSINESS AS USUAL...MULTIPLE RELEASES AND VIDEO INTERVIEWS, THAT BANKS ARE OPERATING IN MOSUL, LIKE NORMAL! ...WHY IS THIS SUCH IMPORTANT INFORMATION? MANY HAVE CLAIMED NO potential change in value UNTIL ISIS OUT OF MOSUL...MANY HAVE STATED EITHER MOSUL BANKS WERE CLOSED OR RUN BY ISIS...MANY HAVE STATED WHY WOULD CBI potential change in value AND GIVE ALL THAT MONEY TO ISIS SINCE MOSUL IS RUN BY THEM...MANY HAVE STATED ISIS IN SUCH CONTROL OF THE COUNTRY THAT MR CAN NOT BE COMPLETED...WE HAVE HEARD REPORTS OVER LAST MONTH THAT MOSUL WOULD BE, IS, OR WILL BE LIBERATED SHORTLY...HEARING AND READING ALL THESE RELEASES, IS CONFIRMATION TO ME, THAT ISIS IS NOT HINDERING THE COMPLETION OF THE MONETARY REFORM, AGAIN, JMHO... [post 1 of 2....stay tuned]
7-1-2015 Intel Guru Mnt. Goat So Ramadan is now in progress... Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. Two other events having little to no impact on the RV are the Iranian nuclear negotiations and the Greece bailout. So it has been many weeks already since the MASTERCARD implementation has taken place for Iraq. Many are using the cards abroad for spending but still NO RV. I have told you there would be NO IMPACT on the RV. If you are now going to ask me for a laundry list of exactly what must be done in order to complete the RV requirements I am sorry to disappoint you. There is no such list. No one is monitoring these events in relation to bringing back their currency online and completing Article 8 of the UN charter. Instead it is all about a satisfactory level of needed security and stability in Iraq. The RV will just happen and be a byproduct.
7-1-2015 Newshound Guru Kaperoni Article: "Parliamentary economy reveal the 50 thousand dinars coin put into the market this month" Looks to me they are speeding up the implementation. I remember [Guru] Enorrste on several occasions also stating he thought they would implement it sooner than later.
7-1-2015 Newshound Guru tlm724 Article quote: "noting that" the World Bank warned of the repercussions of the washing process taking place in Iraq, and the failure of the extremely dangerous." they have been warned and how! it is about to bite them in the butt unless they take quick action! ...it's in everyones best interest, the IMF, World Bank and UN to ensure Iraq follows the rules, that is why this is like a kick in the rear to motivate them to take corrective action NOW! It's truly a do or die situation and it only furthers our cause. they MUST pass the Islamic Banking Law and amend the anti-money laundering law and the banking law period! They are a separate entities from the budget! And remember the Governor of the CBI meet with Jubouri last week and said we must have these laws done! They have a 3 month window for compliance and we do not know when that window began!
7-1-2015 Intel/Newshound Guru tman23 Not only is Iraq in a monetary mess and seeking bailouts... Take note that Greece has an issue that carries over to the Euro and the condition of Europe as a whole...The world economies are defaulting...... The POINT IS...Japan and other such countries can not afford to continue to loan Iraq 1 billion dollars...They can not afford to keep supporting war efforts at a cost of 10 million per day to the US and have no action on Iraq's part... There was more then one reason for June being the "end of the road"... See the news!! If IQD is what we speculate it to be... WE ARE IN A GOOD SPOT!
7-1-2015 Newshound Guru Kaperoni Article quote: "The Iraqi government is planning to issue a total of USD 11 billion in domestic and international bonds in the next two months to cover the state budget deficit, the acting central bank governor said." Looks like all the bonds are issued in dollars. We will have to see if anyone is interested.
7-1-2015 Intel Guru Frank26 Try not to predict ...Anticipate nor guesstimate anything in this MR. Simply carefully analyze and comprehend what Is Given.
7-1-2015 Newshound Guru Millionday Article quote: "According to an Interior Ministry statement he received "eye Iraq News," that the meeting discuss the mechanics and the stages of completion and the progress of work in the card project, which will hopefully soon after its launch created a cadre of national card Affairs final preparations for it." THIS IS ABOUT THE MASTER CARD -- IT IS TALKING ABOUT THE FINAL PREPARATIONS FOR ITS COMPLETION. THEY USED THE CARD IN TESTING AND IT WORKED INTERNATIONALLY. THEY HAVE THE FIRST ARRIVAL OF THE EQUIPMENT TO USE THE NATIONAL CARDS IN IRAQ BUSINESSES AND ALSO TO TRAIN...THIS IS GREAT NEWS.
7-1-2015 Newshound Guru OOTW I WANT TO SEE HOW GLOBAL ECONOMIC ISSUES PLAY OUT - ALTHOUGH I THINK KEYWORDS IS NOT DOING A GOOD JOB, I'VE NO DOUBT THAT THE PEOPLE OVERSEEING THIS IN IRAQ ARE GOING TO BE WATCHING THE STATE OF GLOBAL WEALTH. NO COUNTRY IS AN ISLAND, ESPECIALLY IN TODAY'S ECONOMIC CONDITION/S. ...I WANT TO SEE THE ACTUAL PRIVATE SECTOR LAUNCHED - WHICH WE'RE VERY CLOSE TO SEEING. I DON'T MAKE PREDICTIONS..I JUST WATCH AND REPORT...THERE'S MANY STEPS NEEDED, AND EACH OF THOSE STEPS, CONNECTS TO ANOTHER SET OF STEPS..BUT WE ARE GETTING THERE, SLOWLY BUT SURELY.
7-1-2015 Newshound Guru Chattels [I could sure use some of the dinar at a 1 - 1 right now...NOW I want date and amount.] 1:1 would be a historic revaluation...10 cents would be a great return. Godspeed the completion of the Iraqi banking sector reform project.
7-1-2015 Intel/Newshound Guru Poppy3 I AM EXPECTING THE RATE CHANGE BEFORE THE END OF THIS MONTH...MEANING JULY... JUST JUDGING FROM...ACTIONS WE ARE SEEING ON WHAT THEY HAVE BEEN SAYING. ...IF THEY CONTINUE WITH ACTIONS AS THEY HAVE BEEN THE POSSIBILITIES LOOK PROMISING IN THIS NEXT 30 DAYS.
7-1-2015 Newshound Guru firefly Stop looking for a date. WATCH what they are doing. Things are HOT, HOT, HOT.
7-1-2015 Newshound Guru Millionday Article quote: "The leader of the Iraqi National Alliance that «Abadi has long complained of Maliki interventions and influence in the government and in the security file being Maliki still has influence in the security services..." [... so M is out, if so does this open the doors for the 3 pres. to get things a moving?] ACTUALLY THEY ARE MEETING THIS WEEK TO USE THEIR EXECUTIVE POWERS TO MOVE FORWARD THE IMPORTANT LAWS THAT HAVE BEEN POLITICALLY STALLED
7-1-2015 Newshound Guru tlm724 Article: "Prime Minister Dr. Haidar al-Abbadi heads the regular session of the Council of Ministers" The Council of Ministers approved a draft anti-money laundering law...now we're talking. this along with the second reading of the Islamic Banking Law on the 2nd makes me very happy!
6-30-2015 Newshound Guru Millionday Article quote: "Topped the economic headlines of newspapers on Monday, calls for legislation Islamic banking law and the achievement of the Islamic National Bank..." THE CALL FOR LEGISLATION FOR THE ISLAMIC BANKING WE KNEW WAS DECIDED UPON ACCORDING TO REPORTS RELEASED/PRESS STATEMENTS. THE LEGISLATION WAS CALLED FOR YESTERDAY TO BE OUT IN PLACE SO THEY CAN MOVE FORWARD WITH THE TRANSITION OF A MARKET ECONOMY WHICH IS CALLED FOR IN THEIR CONSTITUTION. THIS SURE LOOKS AS IF EVERYONE IS WORKING EVERYWHERE -- VERY EXCITING. THE NEXT PARLIAMENT SESSION BEGINS WED.
6-30-2015 Newshound Guru OOTW [Is the HCL included on the agenda for July 1st and 2nd?] I'M NOT ONE OF THOSE WHO THINK WE HAVE TO SEE HCL IN ORDER TO "R---V".
6-30-2015 Newshound Guru Aggiedad77 Article "Twenty legally bag in front of the parliament in the second legislative year" New legislative year opening up...but some old laws still are laying on the table....National Guard Law, Amnesty Law, Political Parties Law, Investment Law amendments, and the granddaddy...oil and gas law...where will they all end up in the shuffle of things...the roulette table turns and turns.
6-30-2015 Newshound Guru tlm724 "The agenda of the [Parliament] session number (2) Thursday 2 July 2015: Sixth: The second reading of the draft Islamic Banking Act. ( Finance Committee , the Committee of Religious Endowments and Religious Affairs , the Legal Committee ), (16 articles)." so we have the second reading of the Islamic Banking Act and meetings back to back! one session on the 1st and one on the 2nd. *hallelujah*.
6-30-2015 Newshound Guru Aggiedad77 The news is full of good information IMO...economic recovery action, word of IMF loans, bonds both domestic and international...that has to mean a decent credit rating in the works I would think... strong work by the COM on a draft money-laundering law...turn this loose on Parliament ASAP.
6-30-2015 Newshound Guru OOTW [GURU] SCZIN FOUND AN ARTICLE STATING THAT TOMORROW'S SESSION WAS GOING TO BE TO DISCUSS DRAFT LAWS AND WOULD HOLD NO VOTING. WE'LL HAVE TO WAIT AND SEE IF THAT PROVES TRUE, BUT AT LEAST THEY'RE GOING TO DISCUSS THE LAWS. PERHAPS THE ARTICLE ...STATING THAT THE "TRANSACTIONS FROM HOME" PROJECT HAS BEEN SLIGHTLY DELAYED IS IN PART DUE TO THE FACT THAT ISLAMIC BANKING ACT NEEDS TO BE PASSED SO THEY CAN PERFORM CURRENCY TRANSACTIONS UNDER THIS LAW - I CAN'T SEE HOW THEY CAN WITHOUT THE ISLAMIC BANKING ACT...WE'LL SEE. I THINK THE FACT WE'RE SEEING THIS ON THE AGENDA FOR THIS WEEK IS A VERY GOOD SIGN THAT THEY ARE MOVING AHEAD WITH ECONOMIC REFORM - THEY HAVE TO HAVE BANKING PROTECTIONS IN PLACE... IT'S ALL VERY GOOD...THIS IS THE KIND OF THINGS WE WANT TO SEE NOW.
6-30-2015 Newshound Guru Millionday Article Quote: "House Speaker Salim al-Jubouri detect the resumption of the three presidencies meeting next week...the meeting will engage the head of the Supreme Judicial Council to turn the meeting the name of the three presidencies to the three powers', adding that' meeting will focus on finding consensus on certain paragraphs of broken laws because of political differences." THE THREE PRESIDENTS HAVE THAT RIGHT -- SO THEY WILL BE ADDRESSING THE IMPORTANT LAWS THIS WEEK...THEY CAN PUSH THEM THROUGH...THIS IS GREAT NEWS. [so basically the 3 presidents don't need to wait on parliament to vote the laws through?] THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.
6-30-2015 Intel Guru Frank26 [...info about the BONDS was exciting because I know if they are selling them with a new rate it won't be long before they will have to show the world.] The intel...The logic of The Bonds is re-assuring about DRS [Dr. Shabibi] MR [Monetary Reform] in progress. DRS is showing a commitment for July to show us many congruent steps. The Lava Flow is a long train running. The Bonds are a car of this train. Very close to...The Caboose.
6-30-2015 Newshound Guru Millionday Article quote: "Center Brief published import and export text instructions, approved by the Committee on Economic Affairs in the Council of Ministers." IT IS THE ORDERS AND FORMAL INSTRUCTIONS FOR IMPORT/EXPORT FOR IRAQ -- IN OTHER WORDS --- GLOBAL TRADE. CBI SAYS THEY HAVE ALL MONEY READY AND ABADI HAS CALLED FOR ALL LEGISLATION TO BE PUT IN PLACE TO GO TO A MARKET ECONOMY IN INK. IMHO --- WE ARE CLOSE.
6-29-2015 Newshound Guru OOTW MALIKI'S DOING HIS BEST TO START SECTARIAN INFIGHTING NOT ONLY IN PARLIAMENT BUT IN THE COUNTRY... DISTRACTION FROM TRIAL...I REALLY THINK THEY HAVE TO ALLOW ANY OFFICIAL TRIAL OF MALIKI TO THE OVERSIGHTS OF THE INTERNATIONAL CRIMINAL COURT BECAUSE ANY MALIKI FOLLOWERS IN GOVT MAY TRY TO INCITE SECTARIAN VIOLENCE...THIS IS GETTING HOT HOT HOT.
6-29-2015 Intel/Newshound Poppy3 INFORMATION IS TELLING US ALL THAT LIGHTNING IS ABOUT TO STRIKE. ABADI PROMISED PEOPLE WOULD START GETTING PAID AND TO JUST BEAR WITH HIM AND THE ADMINISTRATION TILL JUNE AND THINGS WOULD GREATLY IMPROVE. MORE BUYING POWER AND THE PEOPLE ESPECIALLY THE WIDOW AND WAR VETERANS THAT HAVE SACRIFICED. IN COMPLETING THESE OBLIGATION HE HAS TO COMPLETE REFORM AND THAT IS WHAT WILL GET US PAID AS WELL. ALL ARE GOING TO BENEFIT FROM THEIR EFFORTS SINCE HE HAS TAKEN OFFICE. BIG CHANGES ARE TAKING PLACE AS THE NEWS TELLS US. IF YOUR NOT EXCITED AND ON FIRE THEN YOUR WOOD MUST BE WET.
6-29-2015 Intel Guru Hub [I will say this, up until 2010 Banks were selling the Dinar. Then out of nowhere they stopped and called it a scam. Interesting change of events...hmmmmmm.] the truth is it can not be a scam, it is Iraqi currency, it could be a fraud, but the whole of Iraq depends on this currency to operate their economy at some point, sooner than later.
6-29-2015 Newshound Guru Millionday Article quote: "Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks...noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq." IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM...THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS...INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY. THIS IS THE MEETING AND THE PLAN -- NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS. ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE. [if international banking is utilized would they have to have an international recognized currency?] THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY. [Sure smells of Basel 3 compliance to me!] I AGREE.
6-29-2015 Intel Guru Hub think of this, when Iraq opens all the construction, military, and other contracts they have in place, can they do it at 1166 figure. NO, their currency is not a tradable internationally accepted money at this time. Can you deal in dinar, no, we bought it through currency brokers, bankers, etc. but try to use it. you cant even take it to the bank and do anything with it. what does it need to go international? a value and to be recognized by the world. so all that to say this...i think all these articles and specially the two or three that say they need to value their money means we are right there.
6-29-2015 Newshound/Intel Guru BGG in fact, you can pretty much figure out how much they are taking off the streets by checking the numbers – and project it out a few days/weeks – they can pull TRILLIONS of Dinar out of circulation. That is a BIG MOVE. I have insisted (for a long time) Iraq had no more than 40 Trillion (EVER) in circulation. They have recently admitted as much… but if they were able to extract 10 Trillion over some short period of time – it could make a big difference – in fact, I doubt they have 25 Trillion surviving and in circulation. [post 2 of 2]
6-29-2015 Newshound/Intel Guru BGG [can you explain why the auctions are so important now? why the high sales numbers have significance?] a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people). [so this is the CBI allowing these high volumes? to try to correct the situation?] recently - we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes)… [post 1 of 2....stay tuned]
6-29-2015 Newshound Guru OOTW [IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?] ALL I CAN SAY IS THAT IN THE "50/100K" ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A "DOUBLE" ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER...AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR "DOUBLE" TO OFF SET THE TARIFFS...WHAT REALLY WILL HAPPEN, I DONT KNOW. WE DON'T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE...
6-28-2015 Intel/Newshound Guru Poppy3 FOR THOSE WHOM DONT UNDERSTAND THE DIFFERENCE BETWEEN BEING BROKE OR BEING OUT OF MONEY. OUT OF OPERATIONAL MONEY IS IRAQ'S DESPERATION THEY ARE OUT OF OPERATIONAL CAPITAL ( CASH FLOW PROBLEM ) DOESNT MEAN THEY ARE BROKE WHEN IN FACT THEY ARE AND MAY BE THE RICHEST COUNTRY IN THE WORLD. ESPECIALLY FOR THEIR SIZE BUT THEY HAVE ASSETS TO BURN AND BELIEVE ME IN THEIR SITUATION TODAY THEY ARE BURNING MILLIONS A DAY WHILE TRYING TO COMPLETE ALL THE REQUIREMENTS THEY MUST MEET BEFORE THEY CAN GO GLOBAL. WHEN THEY COMPLETE THEIR REQUIREMENT LAID OUT BY THE IMF, WORLD BANK, UNITED NATIONS I ASSURE YOU WE WILL IMMEDIATELY WILL SEE A RATE.
6-28-2015 Intel/Newshound Guru Poppy3 GREECE NOT HOLDING ANYTHING IN IRAQ UP PERIOD...
6-28-2015 Newshound Gurus OOTW and sczin11 ANNOUNCEMENT TO THE WORLD... Abadi Office: "Start your transaction from your house," the first step for electronic governance JUNE 28 2015..." THEY GOING TO START ALL BANKING TRANSACTIONS, AS WELL AS GOVT COMMUNICATIONS (FOR THE CITIZENS) DIGITALLY, ELECTRONICALLY... THIS IS FOR ALL TRANSACTIONS INCLUDING PENSIONS, BUYING GOODS, EVERYTHING. THIS TIES IN WITH THE UN VISIT TO SET UP THEIR DIGITAL BANKING SYSTEMS. THEY DONT NEED THE UN TO HELP THEM UNLESS THIS IS GOING TO WORK ACROSS BORDERS. THEY WOULDN'T NEED THIS ONLY IN IRAQ...THEY LAUNCHING THE PRIVATE SECTOR AND THAT SUPPORTS THE CURRENCY WITH SOMETHING OTHER THAN OIL. I KEEP HARPING ON THE PRIVATE SECTOR BECAUSE ITS' KEY. THE PRIVATE SECTOR , THE KEY TO ANY NATIONS ER AND MR [ECONOMIC REFORM AND MONETARY REFORM], HAS BEEN LAUNCHED...PERIOD! [post 2 of 2]
6-28-2015 Newshound Gurus OOTW and sczin11 RIGHT NOW IRAQ HAS ACTIVATED THEIR PRIVATE SECTOR DEVELOPMENT AND AT THE FOREFRONT OF THIS IS IMPORTING AND EXPORTING REGULATIONS. ...THEY NEED TO CREATE JOBS AND HAVE THEIR OWN GOODS TO SELL TO IRAQI'S TO BOOST ECONOMIC DEVELOPMENT WHICH WILL FURTHER SUPPORT THE VALUE OF THEIR CURRENCY, IE STOCK IN IRAQ – REMEMBER CURRENCY = STOCK IN A COUNTRY. NOW LOOK AT THIS... [post 1 of 2....stay tuned]
6-28-2015 Newshound/Intel Guru BGG [If I were an Iraq citizen and my neighbor Kuwait was rich because their currency was at 4 and mine was at 1166, I would be throwing a fit by now. Cant the people and government see the huge disparity between the 2 countries and do they not realize the problem.] ...there was word getting out of Baghdad over the last couple of weeks about demonstrations brewing over the exchange rate of the Dinar...they have been following this as we have. Maybe not as close - expecting something to happen...they are getting restless - in fact, this recent "weakening" of the Dinar nearly got something going Abadi couldn't handle...
6-28-2015 Intel Guru Already Blessed [new guru] [We definitely don't know for sure if the Greece situation affects in anyway the RV...] OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS.
6-28-2015 Newshound Guru Enorrste [You... have spoken before about how large investors will possibly get on board once they see it beginning to trend. So do we picture them as providing the momentum to keep it pushing higher?] I personally believe that once the exchange rate regime is changed to a free float mechanism that there will be significant interest from the financial community in the dinar. At this point it is not tradable on Forex or any other electronic media. But once it becomes internationally tradable then speculators will begin to look at it . When they do so they will see that the reserves of Iraq are huge in relation to the value of the money supply. Then, just as they would buy up an undervalued stock, they will begin to buy up an undervalued currency. One thing will lead to another as the ticker begins to move upward, and interest will grow and grow until it overwhelms the system. That is how I see it.
6-28-2015 Newshound Guru Millionday JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE [Do you still think they have a date they are committed to to get this done?] I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK...WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE?
6-28-2015 Newshound Guru My Ladies I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR. WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR. WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN, WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO. IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
6-28-2015 Newshound Guru Aggiedad77 Article: "Economic adviser to the servants, the central bank must find a realistic price for the price of the dinar exchange Intasp with oil prices" I so enjoy reading things when Dr.S [Dr. Shabibi] and Dr. Saleh appear to be doing things in tandem...a coordinated effort of sorts it would seem...let them crow because they know what is coming...aligning the price of the dinar with oil, maintaining stability to ensure a smooth progression of the MR [Monetary Reform]. They understand what it will take to fully see the original dream for this currency to once again thrive. The politicians have not a clue to its true inner workings and thus need to stand clear and watch and be amazed at the end result for Iraq and the world.
6-27-2015 Intel Guru Mnt Goat ...there is another version of HCL too that Kurdistan needs implemented. It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Badgdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat I want to talk about these...international MasterCard transactions once again that seem to be the basis for the RV from some...don’t expect any RV even if these MC cards go live internationally. The Mastercards are tied to FIXED rates in a database. These rates are for government programs and FIXED rates and not tied to the floating currency exchanges in any way or fashion... these MASTERCARD events are for the SMART cards and not the “National” Cards. The “National” cards are NOT for these government programs such as retirement, salaries, pensions, food program, etc. The “National” cards are mainly for the oil revenues distribution sharing to the citizens. YES - if you are thinking HCL you are correct. Remember these payments were supposed to begin in a June – July timeframe. They fully plan to execute their plan on time to distribute these funds...they have the full month of July yet to make good on their promise to the people. I fully expect this event to happen and hear news of it very soon. [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Enorrste Article: "The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017" This is an important article because it comes directly from the mouth of the head of the CBI. Furthermore, he is stating that he "expects" the beginning of the removal of the large notes to begin in early 2017. By stating this in this way, Allaq has left the door open a little bit. As investors we have come to learn that this is a process that will begin with the change in the exchange rate regime from a fixed rate to a floating rate for the currency. This is essential PRIOR to the beginning on the removal of the large notes. Therefore, we can look with confidence for a change in the exchange rate regime within the next several months, in my opinion. Then, according to the way I understand Allaq, he is allowing about a year or so for the value of the dinar to rise to a point at which the "beginning" of the removal of the large notes will take place. By early 2017 it will not surprise me to see the rate down to 100 or 200 to 1 for the dinar.
6-27-2015 Intel Guru SteveI Topic: "Japan calls for Iraq to pay its dues working in the field of energy" You will start seeing more of these demands in the near future. Iraq is under tremendous pressure to get this done (value that is) and start moving their country forward like planned for years.
6-27-2015 Intel Guru Mnt Goat Just the past week we read articles telling us about sending charges of TERRORISM and GENOCIDE to the international court of the Hague. I have told you many times there will be no RV until Maliki and his goons are gone and out of the any influence in Iraqi politics. So all is good in the news. Iraq is moving forward with the new laws. They are moving ISIS out of Iraq. Deals are being made to move Iranian influence out of Iraq too. I believe Erbil is in fact all completed and we are just now waiting for the final votes on the many laws and the announcement of them to us. I suspect this could happen in the next couple weeks. They know we are watching for these events and so they try to hide them from us since they know this is PART of the key to triggering the RV. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat There is...disinformation being spread concerning that the saving of the Greece economy and Iranian deals are holding up the RV. Really? I can assure you these other events are all mostly unrelated and not the reason for any hold up in revaluing the Iraqi dinar. No – the USA is not now holding it up again! Ramadan is now in progress...Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. We still see parliament meeting and in fact they just announced this past week they intent to schedule a session on this coming Wednesday and vote on a “package” of 150 laws...they must implement them together since one can not work without the others. Another connection is the Justice reforms and how they fully intend to prosecute these corrupt leaders from the past Maliki administration... [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Millionday "Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term." SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS. [Any idea when the next session starts?] IT IS THE 1ST OF JULY. FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME... IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED...
6-27-2015 Newshound Guru Aggiedad77 I believe in more ways than one DrS [Shabibi] is crowing big time, himself and through his protege Dr. Saleh...together they understand the MR...they understand how the CBI truly must be able to function in order to maintain economic stability and the lowest of inflation rates. Their guidance will keep Iraq on the straight and narrow through all the political fog that is blowing their way at this time. The noise from the Finance Committee continues to be just that, noise...put your ear plugs in....they don't seem to want to give up easily...What they have going against them...and what Iraq has going for it...is the knowledge that Dr.S understands what remains to be done to complete the process that he started years ago...it's coming...the BEST is yet to come.
6-27-2015 Newshound Guru sczin11 LARGE DENOMS IN 2017? NO WAY...THERE WAS A RELEASE LATE YESTERDAY, THAT KEYWORDS ANNOUNCED DELETION OF THE ZEROES PROGRAM WOULD BEGIN IN 2017...IN THE LAST 48 HOURS, IT WAS REPORTED THE NEW 100 AND 200K NOTES WOULD BE RELEASED IN 2017...DURING THE SAME TIMEFRAME, IT WAS REPORTED THE 50k NOTES WOULD BE RELEASED END OF THIS YEAR, OR EARLY 2016...THE ARTICLE STILL STATES "EXPECTED" AND NOT ON CBI WEBSITE...NOT EVEN SURE THEY KNOW WHAT IT MEANS..I SURE DONT...WHY DELETE THE ZEROES AT THE SAME TIME AS ISSUING NEW LARGE THREE ZERO NOTES? IN MARCH GREEN LIGHT GIVEN FOR PROJECT TO BEGIN...
6-27-2015 Newshound/Intel Guru BGG [QUESTION IS WHEN ARE THEY ROLLING IN THESE 50'S?] IMHO... the original version explicitly said "category of 50,000" - NOT a 50k note per se...which means (loosely) - a category WORTH what a 50k note would be worth...IMHO...further - it is very interesting the auctions are a high as they are right now...they have stabilized the exchange (to some extent) and are getting big notes off the street using USD (translates to VERY CHEAP)...right now - if this goes on much longer - they will be in an ideal position to execute some kind of move - (all IMHO).
6-27-2015 Newshound Guru Millionday "General Company for Trade Iraqi business services at the Ministry of Commerce for the opening near the first Baghdad Shopping Festival and on the land of the Baghdad International Fair... runs from 12 up to 18 of the next month of July will participate by 1,200 companies from different countries including Turkey, Syria, Egypt, Iran, India, Pakistan, Lebanon, United Arab Emirates, Jordan and Kuwait." WILL CREATE A COMPETITIVE ATMOSPHERE AGAIN --- WHHHOOOPOW. NOW LETS SEE IF WE CAN EVEN BEGIN TO SEE THE PROGRESS THAT IRAQ HAS MADE. I AM VERY EXCITED TO SEE THIS AND ALL THAT IS GOING ON. [how can they have a shopping festival and spend money?] I WOULD LIKE TO KNOW TOO...LOOK AT THE COUNTRIES COMING. [how in the world can Iraq host this event with all the countries listed with out an internationally tradable currency. ...do you think they all will be satisfied to complete with 1166 rate?] WE SHALL SEE.
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