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9-16-2014 Newshound Guru Stryker Parliament met today but the Defense
Minister and Interior Ministers did not receive enough votes so al-Abadi will present new candidates in Tuesdays [Thursday's?] Parliament Session.
9-16-2014 Newshound/Intel Guru BGG Article quote: "The Parliament session was postponed to next Thursday, while the National Alliance meetings will be held to reach consensus on the candidate of the Interior Minister to be voted next Thursday after agreeing on a candidate." ...Parliament rejected the two candidates Abadi had put forth...they did vote - the two put forth did not get enough votes (as understand it)...so I guess there won't be "an announcement" late Tues / early Wed. after all. [do they need the 2 ministers positions filled for the RV to happen?] I do not think so - however, as I have been saying...I suspect their focus is elsewhere for the moment.
9-16-2014 Intel Guru EXOGEN [Paris Club has mandated that Iraq war debts are due and must be paid in IQD?] AND THESE BILLS MUST BE PAID PRIOR TO OCTOBER 1ST. THEY ARE NOT DOING THIS FOR FREE!!! THE NEW GLOBAL COALITION HELPING IRAQ IS 100% ABOUT BUSINESS & MAKING MONEY!!! [The Paris Club is an informal group of financial officials from 20 of some of the world's biggest economies, which provides financial services such as debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors.]
9-16-2014 Intel Guru Delta [via BulldogFord65] All but 2 positions have been seated (interior and defense ministers not seated yet); each minister has been vetted and approved by the USA, so if the USA is controlling the selections, we can also believe the USA is in charge of the MR [Monetary Reform]; the 2 ministers are to be seated tomorrow [Tuesday], and the GOI will have full international support. All are just waiting on the USA to go ahead with the release of the rate...we know they are ready...just need to have the stability... a good economy is borne out of stability. Things are happening the way we want to see them going...the rate will come out when it’s sure that it cannot fail.
9-15-2014 Intel Guru TNT Tony [via Adept1] We know that rate has gone as far as the teller level, because they were ready on Friday. [What was the rate on the teller’s screen?] All I can say is that the rate is over $3. Our sources say that Parliament has finalized everything, including economic reform, and the last two ministers. We should see it no later than Wednesday, and be fully recorded in the Gazette, which makes it law. Parliament signed everything, but they are still holding it back. It could be political; we don’t know. Abadi has already broadcast that they are doing this...you can only say that so many times, especially when you are giving detailed instructions to the people on how to exchange and to check the prices...they are playing with fire now. How will this play out? I think it will end up a great thing for all of us. Hopefully Wednesday will be THE call...
9-16-2014 Newshound Guru Blue They have been educating the citizens for quite some time. Deal is most citizens dont have any money with which to make deposits or open accounts. They are ready to roll but in Maliki's Economy they have all been dirt poor. However...once this whole bus starts rolling and the citizens get paid their percentage of the HCL money...at that point...watch how...quickly the citizens learn and embrace banking and smart cards and ATM machines...once they have any money to do it with. ...even the Government employees have not been paid regularly under Maliki's regime and the Kurdish areas have been bare of IQD...The currency has been sucked up, dried up, torn up and gathered in by the CBI... King Dollar is the coin of the realm...and we are all waiting for them to change that. Heavy Dollarization...And it aint far off. I seriously doubt we will be here...next spring.
9-16-2014 Intel Guru Frank26 [via BulldogFord65] IMO, we are seeing the MR (Monetary Reform) right before our eyes...pay close attention to what the CBI is saying. The citizens are being taught about the Visa cards and ATM’s, they are being educated to go electronic. IMO, the GOI is seated based on reports from I Team, Delta’s team, and what they are doing. I Team report is that security is getting much better. ISIS is being managed. As of Saturday, Dr Shabibi was still in Baghdad but he may have moved on by now; many officials from the USA are in Iraq and in control. MOF, gov of CBI, PM of GOI are all put in their positions by USA. I Team believes that we will see the GOI act with incredible speed. IMO, many laws need to be passed before we can see the rate, and the GOI is working with speed...longer dragging their feet. [See the list of possible "to do's" in the Dinar Guru Resource Bar on the left of this screen]
9-16-2014 Intel/Newshound Guru ??? Next guru update coming shortly...until then get caught up on last nights guru post below. Also, If you're not a Dinar Guru member...now's a great time! It's free. You get great information about the dinar and you're on the Dinar RV Alert list...click here now...
Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
9-15-2014 Intel Guru DC ...television was given detailed specific locations on banks that are prepped and ready for this...There have been detailed instructions since Thursday on the TV, radio and internet. Even this morning, they said the economic reform is coming very soon or immediately. The celebrations did not occur. However, Parliament did meet on Sunday, and did the formal seating of the Ministers for the Interior and Defense, plus passing laws to make sure all goes smoothly for the RV. Across the world, bankers, security, etc, go serious, bringing people in and being fully prepared, because the CBI told them to be ready. The CBI still says they are not waiting on anything political. Everyone is at a ready state since yesterday afternoon.
9-15-2014 Intel/Newshound Guru Poppy3 LAST EVENING AND BEFORE I REPORTED THAT SOME INDEPENDENT CONTRACTORS WERE PREPARING TO RETURN TO IRAQ AND CONTINUE CONSTRUCTION ETC...JUST GOT WORD THAT SOME ARE BUT THAT MANY ARE STILL BEING HELD UP FOR SOME REASON. EXXON CREWS AND SHELL CREWS STILL NOT PREPARING TO GO BACK. NO REASONS GIVEN BUT STRANGE THAT SOME ARE AND SOME NOT. WHAT IT MEANS AT THIS TIME IS UNKNOWN. JUST KEEPING YOU ABREAST OF FACTS NOT THE FICTION. [maybe due to ISIS?] I DON'T THINK ISIS IS VIABLE WITHIN IRAQ. THERE ARE SO FEW THERE AND NOW DON'T HAVE CONTROL OF ANY PART OF IRAQ. HOWEVER IT MAY BE JUST A SAFETY MOVE FROM THE COMPANIES...
9-15-2014 Newshound Guru Aggiedad77 The head of the temporary finance committee charged with dealing with the 2014 budget is saying that a budget would be approved for the remaining 3.5 months of 2014 at 44.5 trillion dinar with the exchange rate increase approved earlier by Parliament for the state employees....this should be the retroactive pay increase for state employees that goes back to January 1.....there would be a two part budget....one for the first 8.5 months....and the second for the remaining 3.5 months. [post 2 of 2]
9-15-2014 Newshound Guru Aggiedad77 Article: "Tomorrow candidates security bags in front of Parliament" As promised, PM Abadi will present names for the Ministers of Defense, Interior, and also that of Water Resources...again threats to walk away from the government if some people don't get their way...it is time to test the metal of PM Abadi and see just how firm he can stand and carry forth his new government. As required by Iraqi law...PM Abadi will be handing over his British citizenship to keep his position as PM. A member of the Parliament Finance Committee says there will be no room on the agenda for tomorrow's Parliament session for the 2014 budget...pointing to the first of next week for a proposal to be put forth...they continue to collect data from government institutions this week. [post 1 of 2....stay tuned]
9-15-2014 Intel/Newshound Guru Poppy3 ...THREE SOURCES ALL IN AGREEMENT AND I ASSURE YOU NOT ON KNOWS THE OTHER. THIS TIMING THING RELIES ON ABADI GETTING SOME THINGS DONE SO ALL WE CAN DO IS MAINTAIN FAITH AND PRAY HE KEEPS PUSHING AS HE HAS BEEN TO FULLFILL HIS SEATING OF THE GOV/ AND VOTES THAT MUST BE CARRIED OUT. IF HE DOES ALL THE SOURCES THINK, THE PLANNED RELEASE OF A NEW RATE WILL HAPPEN AS EARLY AS TUESDAY EVENING INTO WEDNESDAY EVENING. EITHER WAY IT SOUND VERY GOOD...
9-15-2014 Newshound Guru tlm724 Article: "Citizen: Badr without points .. and Chalabi and David are two candidates for the National Coalition" ...the next few hours will see a resolution of the National Alliance to nominate candidates for the security ministries and bring them to Parliament to vote on them.
9-15-2014 Newshound Guru Millionday MINISTERS...IT SEEMS THAT THEY WILL BE VOTED ON TUESDAY IN ORDER TO ONCE AGAIN MEET THE DEADLINE GIVEN FOR ABADI -- HE IS GREAT IN MEETING DEADLINES. THEY ARE MAKING IT CLEAR THAT HE IS VERY SERIOUS ABOUT HAVING THEM FILLED BY TUESDAY. HE HAS MADE IT CLEAR THAT THEY WILL NOT REMAIN BY PROXY AS THEY WERE IN THE LAST GOVERNMENT. A HUGE DIFFERENCE IN WHAT WE HAVE SEEN IN THE PAST -- I HAVE NO WORRIES AT ALL IN WHAT TO EXPECT AND AM SO ENCOURAGED THAT THE COUNTRY WILL MOVE FORWARD TO THE GLOBE AND TO A MARKET ECONOMY AS WELL.
9-15-2014 Intel/Newshound Guru Poppy3 NEVER...ONE OFFICIAL THING TO BACK UP A FLOAT AND IT HAS BEEN DOCUMENTED OVER AND OVER AND OVER THEY WANT A FIXED MODERATE RATE FOR 24 TO 36 MONTHS TO FURTHER STABILIZE AND GROW THEIR ECONOMY.
9-15-2014 Newshound Guru Millionday THE BANKING REFORM IS FOR ONE THING AND ONE THING ONLY -- THE ADVANCEMENT OF THE ECONOMIC REFORM AND TO ACHIEVE...AN -- ECONOMIC BOOM AS THE EVENT EXPECTS -- SO HERE WE HAVE A HUGE MOVE FOR THE ADVANCEMENT TO A MARKET ECONOMY WHICH IS WHAT WILL PRODUCE THE REALITY RATE FOR THE DINAR FOR FAIR TRADE --- HUGE. I REALLY DONT HAVE A DATE BUT I ALSO DONT SEE A HOLD UP. I DONT HAVE AN IDEA OF WHEN IT IS -- IT COULD BE AT ANYTIME... [Does the budget have to be opened for RV...?] CBI HAS STATED THAT THE BUDGET WILL NOT HAVE TO BE OPEN FOR THEM TO MOVE FORWARD WITH THE ECONOMIC REFORMS -- THEY WILL USE THE INTERNATIONAL FUNDS IN THE BANKS TO MOVE FORWARD AND WILL NOT WAIT BY WHAT THEY ANNOUNCED. [post 2 of 2]
9-15-2014 Newshound Guru Millionday Article quote: "...the establishment of a banking system based on trust and the provision of safety The stability and departments efficient and benefit from the experiences of international banks and enter into partnerships with them to achieve the process of development and investment..." THIS IS THE ANNOUNCEMENT OF THE BANKING REFORMS AND ALL OF WHAT THEY ARE BRINGING TO IRAQ AND ITS DEVELOPMENT --- THEY ARE MOVING FORWARD WITH INTERNATIONAL INVESTMENT AND BUSINESS --- THE CONTRACTS WITH EACH MINISTRY AND PROVINCE WILL BE ABLE TO BEGIN NOW WITH THE ACTIVATION OF IRAQ`S BANKING REFORM --- HUGE NEWS. [post 1 of 2....stay tuned]
9-14-2014 Intel/Newshound Guru Poppy3 TWO MORE DAYS TILL SCHEDULED ANNOUNCEMENT. HOPE FOR ONCE THEY CAN STICK TO A SCHEDULE. [you're taking this a little more seriously than usual I'm encouraged.] THESE SOURCES ARE A LOT MORE SERIOUS THAN EVER BEFORE SO YES I AM OVER OPTIMISTIC AT THIS TIME IN THE 11 YEAR INVESTMENT, I WISH I COULD SHARE ALL THE PEOPLE I HAVE GOTTEN THIS SAME INFORMATION FROM...YOU GUYS WOULD BE IN THE STREETS DANCING...
9-14-2014 Newshound Guru Enorrste [what your quick take is on the 10k notes? Maybe just a stop gap to keep large denoms on the street until not needed anymore in 4-6 months?] Yes, I believe that they had to issue some to keep the country afloat in currency until the changeover. There is also the security issue with the original notes. We will get a float announced and then see the value rise over time.
9-14-2014 Intel Guru EXOGEN Article: "Experts advise launching awareness programs before the implementation of e-shopping project" ULTRA MEGA GIGANTIC NEWS!!! [story short for those that don't get the hint...Sounds like there about to go international!!!] YEP!!!
9-14-2014 Intel Guru Okie_Oil_Man THERE ARE TOO MANY COUNTRIES IN THE WORLD NOW RECOGNIZING THE NEW VALUATION OF THE DINAR, FOR THE USA TO WAIT MUCH LONGER, AS IT WILL BE CONSIDERED AS A NORMAL FOREIGN CURRENCY THAT CAN BE TRADED INTERNATIONALLY. ASIA IS LIVE, EUROPE IS LIVE AND NOW IS THE TIME FOR THE USA TO BECOME LIVE. [post 2 of 2]
9-14-2014 Intel Guru Okie_Oil_Man I HAD BEEN INFORMED QUITE SOME TIME AGO THAT IT WOULD (R/V) NOT TAKE PLACE PREVIOUS TO THE 15TH OF SEPTEMBER OR POSSIBLY LATER. WITH THAT INFORMATION I CONSIDERED IT ILL PURPOSED TO POST THAT AS MOST WOULD RECEIVE THAT AS A NEGATIVE AND WOULD FEEL DISILLUSIONED. I FEEL NOW THAT THAT DATE IS IMMINENT...WE CAN FEEL THAT FINALLY WE HAVE ACCOMPLISHED OUR HOPE'S AND DREAM'S. THERE ARE ONLY VERY MINOR DETAILS STILL BEING SETTLED IN A EXPEDIENT MANNER AND AM LOOKING FORWARD TO THIS WEEK HAVING A MULTITUDE OF IMPLICATIONS ON OUR INVESTMENT. THE OPPORTUNITY WINDOW SOME HAS REFERRED TO IS CORRECT. I PRAY OUR TIME HAS FINALLY ARRIVED. [post 1 of 2....stay tuned]
9-14-2014 Newshound Guru Kaperoni The good news is we should all know by the end of this year. The recent articles are clear that opening the economy is the #1 priority and that requires opening the banking system and dinar to the world. No other options. I still believe the details provided by the IMF are the most accurate but these articles sometimes throw a curve ball that one cannot help wonder. Remember...hundreds of articles...clearly state they want to raise the value of the dinar. How that is accomplished seems less important. [post 3 of 3]
9-14-2014 Newshound Guru Kaperoni [I have never been able to get my mind wrapped around the whole float theory, and now you come out with this? I have always wondered, in relation to the float from 1166 theory, if the dinar floats from 1166, or 1 cent or 10 cents, what is to stop large wholesale investors, billionaires, and foreign countries from sucking up all the dinar at those low rates and sitting and waiting for it to get up to $3? If that happens, NO one will be selling their dinar, the CBI will not be making money cashing in, the dinar will plummet further, the Iraqi economy will crash, and we will all be screwed. And now you throw this out there - a LOP!] I am hoping they do what we were told they would do...which is a gradual appreciation. It makes more sense and follows economic principles. [post 2 of 3....stay tuned]
9-14-2014 Newshound Guru Kaperoni Article: "Economist: paper ten thousand dinars new regulatory action to prevent fraud" This statement is not good..."the need to head the central bank to restructure the Iraqi currency and delete the zeros commensurate with the value of the dollar and raise the value of the Iraqi currency against the currencies of countries Jawarwalamlat the world." When I read this it implies they want to redenominate (LOP) the notes equal (commensurate) to the dollar, then begin to raise the currency value against other countries. [post 1 of 3....stay tuned]
9-14-2014 Newshound Guru tlm724 Article: "The government program a valuable opportunity" Abadi presented his economic plan, it met the approval of parl, it will launch them into a market economy... a strong economy not only helps the country but helps us as well...wow awesome start!
9-14-2014 Newshound Guru Shredd Article: "The government program a valuable opportunity" We don't have a timetable but having this program that "included all of the relevant requirements of the transition from a totalitarian to a market economy as a solution represent the challenges faced by our national economy" announced just barely into this brand new government is exciting to see. This shows us the importance and the priority of this program. Moving to a market economy includes a currency that is representative of true value and driven by the market. This is great news for us and again, though we don't have a timeline, we see this is obviously a priority and this new government wants to distinguish itself as new and progressive. There is much optimism with this new government and with all the ally support against terrorism, we can see it's a new day in Iraq!
9-14-2014 Newshound Guru tman23 My best guess is there is a more likely chance of seeing monetary change the eve of 10/7 -10/9. The CBI will be closed for four days starting 10/4 (so counting Friday is 5 days). October 8th is the start date of the UST fiscal year (although many will argue it's 10/1)...Because it is my belief the UST (exchange stabilization fund) would be supporting the RV event and the President can release the ESFunds without the Congress's approval, but the administration needs to give a full accounting within 6 months...That 6 month deadline accounting will be right before April 15th tax deadline for US citizens...also take into consideration that Iraq said they will start drafting the 2015 Budget 10/15...All in my opinion of course as being the strongest "window" for the event.
9-14-2014 Intel Guru EXOGEN At this stage of the Game everybody should realize that Iraq will be releasing LOWER denominations of currency and the BIG notes will eventually go away, just like Zimbabwe, Vietnam, and other currencies. Without going into details, there are several contracts coming due that have to be paid in Revalued IQD this WEEK!!! [sooooo is Santa coming?] YEP.
9-14-2014 Newshound Guru Millionday ...THE REDENOMINATION TO TAKE PLACE ALONG WITH THE SETTING OF THE RAISED VALUES FOR THE DINAR TO ALL INTERNATIONAL CURRENCIES. THE CURRENCY IS ALREADY PREPARED BECAUSE IT HAS TURKI`S SIGNATURE ON IT --- SO IT IS READY OBVIOUSLY . I DO THINK THEY HAVE A DATE SET FOR THE DINAR TO MOVE TO THE GLOBE -- A PLAN THIS LARGE WOULD NOT BE CREATED WITHOUT A DATE IMO -- WE JUST DONT KNOW WHAT IT IS YET. LOOKS LIKE IRAQ FINALLY THINKS THEY ARE VERY CLOSE SO HOLD YOUR HATS. [post 2 of 2]
9-14-2014 Newshound Guru Millionday THE BUDGET HAS BEEN REPORTED TO BE EXPECTED TO BE OPENED OCTOBER 1ST OF THIS YEAR. CBI HAS STATED THAT THEY WILL NOT WAIT FOR THE BUDGET TO MOVE FORWARD WITH THE ECONOMIC REFORMS AND MONETARY POLICY AND WILL USE THE INTERNATIONAL INVESTMENT FUNDS IN THE BANKS TO BEGIN WITH OR WITHOUT THE BUDGET IN PLACE. THE ECONOMIC EXPERTS ARE ASKING CBI TO MOVE FORWARD NOW WITH THE RV. THEY ARE ASKING FOR THE VALUE TO BE RAISED FOR THE COUNTRY AND... [post 1 of 2....stay tuned]
9-14-2014 Newshound Guru Kaperoni Article: "Tamimi: the budget will be passed before the 15th of next month" ...the way I read it...2014 before October 15th...and 2015 will be sent directly after October 15th. So 30 days to pass the 2014 budget. I would like to see some timeline for the stalled laws as well.
9-13-2014 Intel/Newshound Guru Poppy3 IN CASE ANYONE WOULD LIKE SOME DINAR NEWS I WAS JUST CONTACTED AND TOLD BY AN INTERNATIONAL PERSONAL BANKER THAT HE WAS TOLD THE RV IS SET TO BE ANNOUNCED TUESDAY AFTERNOON LATE AND WE SHOULD SEE IT INTERNATIONALLY BY WED.
9-13-2014 Newshound Guru Mnt Goat However if this RV does not happen with days if not hours after these final ministers are seated do not get disappointed. It may only be that they are still requiring more security to be put in place to protect Iraqi borders and provinces. There may also be an issue of implementation of many of the delayed economic reforms. It is all looking very good. [post 2 of 2]
9-13-2014 Newshound Guru Mnt Goat Iraq is still very much on track to see the final group of ministers get voted on this coming Tuesday 9/16. The controversial Defense and Interior ministers along with the other couple ministers should all be seated at this time. After this is completed we will see what impact this has on the RV process. We are still being told they do plan to finally roll out the revalued rate to the international community at this time. I have strong evidence that there was a planned timeline this week to RV their currency but there was a hold on it due to the lack of mainly a permanent defense minister being seated. Seems they do need this “fully” formed government in reality and not just an announcement. [post 1 of 2....stay tuned]
9-13-2014 Newshound Guru Breitling …Maliki wanted to RV the currency, but Shabibi wouldn't do it. I believe the IQD is going to go up little by little, but it won't take long. If Shabibi did what Maliki wanted it would have put the breaks on the potential rebuild. It would have made things too expensive for the country and it would have been bad for the people. Like Shabibi and Maliki said they have 200 years of oil but at the same time you have to rebuild the infrastructure and at some point add value to the currency. Maliki replaced Shabibi with Turki but he wouldn't revalue the currency when he saw what Shabibi saw. Shabibi protected the dinar from going up too quick…that's what happened. [post 2 of 2]
9-13-2014 Intel Guru Mnt Goat Abadi’s new government is...working hard to investigate the CBI scandal and get Dr. Shabibi (and his staff) back at the helm of the CBI. Dr. Shabibi will complete the currency reform project. I have gotten this news from many very good sources and I totally believe these sources. This current situation (recent changes in the governor) with the CBI is going to change and has to in order to see the completion of the currency reform project. Let’s see what happens.
9-13-2014 Newshound Guru Breitling There's an article that everyone has been sending about Dr. Shabibi and how he was acquitted of the accusations by Maliki and his team…Here's the conversation that I've been avoiding for 2 years…It's not going to make the dinar revalue any quicker but we must leave no stone unturned to find information about the dinar. We know what the agenda was from the Minister of Finance…we know the rate that they were looking at, it's reported everywhere….Iraq went to the IMF…we want to get it to a buck then we want to get it to 3 bucks can you help us do that? The IMF said sure we can support you if you do things correctly… That was Shabibi's job…the note count, the CBI and to make sure that he was going to manage the agenda of the Ministry of Finance and Ministry of Planning and make sure the currency fit that. Unfortunately, the reality he was in was not the reality Maliki was in…[Post 1 of 2 Stay tuned for the rest of the story]
9-13-2014 Intel/Newshound Guru ???? Next guru update coming shortly....in the mean time get caught up on yesterday's posts below...
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