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Official Central Bank of Iraq (CBI) Dinar Rate:
1166 IQD to 1 USD
Dinar Guru "RV" Meters
Dinar Gurus who feel Dinar will RV within days...
Dinar Gurus who feel the Dinar will NOT "Change" until certain "things" are accomplished...
21 + 79 = 100%
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Dinar Gurus who feel the Dinar will FLOAT "slowly" upward instead of RV...
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7-22-2014 Newshound Guru Tlar That event being the budget itself being made retroactive back to an agreed specific start date. That date could end up as January 1st or April 1st. It makes no difference given the importance of the project. Once the budget is passed I believe we will see the RV but that is based on what the Finance committee told us in November of last year about how they wrote the budget. I believe for the first time the RV and budget are together also acknowledging this is the first time ever we were told in advance that the budget for 2014 was written in a rate different from the 1166 we have come to know and love by the guys who wrote it. [post 3 of 3]
7-22-2014 Newshound Guru Tlar Why would they write a budget that is for a different value than the value of the present dinar? To coordinate the budget with the CBI's change in value of the currency is the short answer. The CBI and the Finance committee have been planning this project since 2010 and it would make sense that they would work together using specific amounts and specific start times based on dates or events. It is my belief this is now based on an event more than a date because the date is a moving target and passing the budget will be a fixed event. [post 2 of 3....stay tuned]
7-22-2014 Newshound Guru Tlar I will tell you what I believe...The Finance committee wrote this budget. They told us in three articles in November of last year that they wrote it at a different rate for 2014 than the 1166 that the dinar was at. They also stated based on the new rate they sketched out the 2015 and 2016 budgets...this is the first time we have ever seen in articles them stating that this budget has a different rate change in it. If it does have a rate change then logically the dinar value has to equal that change because this is Iraq and their budget will be written in dinars. It is vital that the budget and the money reflect the same value. [post 1 of 3....stay tuned]
7-22-2014 Newshound Guru wmawhite [Why would they build this economic infrastructure to operate at 1166 forever?] actually, Iraq can never do those things/investment that Iraq needs at 1166...there has never been enough IQD printed to pay the world at 1166.
7-22-2014 Newshound Guru Tlar ...if they can do two readings of the budget this week as Jubouri wants to do we will be in a good position to RV. Keeping my fingers crossed.
7-22-2014 Intel/Newshound Guru tman23 I believe 110% we are going to see a POR elected tomorrow...No Delays into August...But of course we will know in less than 36 hours! [posted @ 2:39 PM]
7-22-2014 Newshound Guru wmawhite [i think folks are getting upset wondering about this investment...some are thinking its gonna be a long time or not at all...what can you tell us please?] when I invested Dr. Shabibi would never ever tell me the date nor the rate. Of course, I never had the opportunity to ask him. However, starting last June and leading up to the removal of sanctions, Iraq spoke a lot about returning their currency to greatness. Nothing has changed. Each day it becomes more and more important for the CBI to move forward with the IQD. [...they just need to revalue their currency then, huh?] yes they do! It is a timing issue now...not an "if" issue.
7-22-2014 Intel/Newshound Guru tman23 "Legal expert known as Tariq Harb, was ruled not to be a Parliament session to vote on the election of the President on schedule on Wednesday after completing numerous actions, and said that the election of the President of the Republic will not be on 23 July but in August..." Appears that many don't want a vote taking place on Wednesday for the POR...It's going to be a huge Wednesday in Iraq...
7-22-2014 Newshound Guru Aggiedad77 Article: "The province decides to pay the salaries of its employees in U.S. dollars instead of the dinar" this is BIG NEWS IMO...it proves the Kurds have actually taken control of the money...the revenue that has been generated from the sale of their oil earlier in May and June...if they are paying in USD from what was in the Turkish banks...once again they thumb their noses at the Baghdad government... specifically to Maliki's government.
7-22-2014 Newshound Guru Tlar More good news... Jubouri is trying to get 2 readings done this week on the budget. At the speed he is going he might even do them on the same day setting up a vote to follow the readings. By Iraqi law for a bill to become law as in the budget, it must have 2 readings, then a vote, then be published in the Gazette. I will watch closely and report any progress on the budget. It is my belief that if the budget is passed and the President and VP's are seated, Turki will pass monetary change. The PM position is going to go to the coalition but it must be seen as a peaceful transition of power and may take a little longer but because of the overwhelming superiority of the coalition numbers it will come out right. I believe if all goes well tomorrow, Turki and the international folks will probably consider it done. [post 2 of 2]
7-22-2014 Newshound Guru Tlar Tomorrow is shaping up to be very interesting. Jubouri the new POP is making some super moves. He is in the process of changing the rules of procedure to make sure this is not dragged out. He is being quoted that there will be a vote on the Presidency tomorrow. I believe they are being coached in the parliamentary system by the Brits.. They are having meetings with them and the moves they are making are artful while still staying within the boundaries of the constitution. The presidency will go to the Kurds as it is part of the overall deal to diversy and be inclusive. The Kurds may actually end up submitting two names but Salih will be the one that Barzini favors. I expect we will see a new president an 2 vice presidents by tomorrow afternoon. [post 1 of 2....stay tuned]
7-22-2014 Intel Guru tman23 Tomorrow (Wednesday) Parliament is going to vote for the POR by secret ballot. The Kurds have been directed to introduce one nominee, thus a reason for Mustafa and Barzani to visit Talibani today. Barham Saleh was selected and agreed to by Barzani and the USA to be the POR 18 months ago. That said; IMO, if Saleh takes the POR post the "plan" is in motion and on track to what was coordinated 18 -20 months ago...Tomorrow we just may see the SOL nominations for PM...which will be between Tariq Star and Shahristani.
7-22-2014 Newshound Guru Millionday [Is it not correct nothing will happen with the rate until maliki is totally gone?] I HAVE NOT SEEN THAT IN INK FROM CBI – THEY HAVE THE ABILITY TO CHANGE THE VALUE AND SET THE EXCHANGE RATES WHEN THEY WANT TO NOW THAT THEY HAVE APPROVAL OF THE MONETARY POLICY THEY HAVE IN PLACE... [Is it your opinion this will be a float or a fixed rate?] I BELIEVE THAT THE BEST FOR IRAQ WOULD BE A MANAGED FLOAT FOR AT LEAST SIX MONTHS BUT...THEY HAVE NOT RELEASED THAT INFO YET. [where do u think a managed float would start at monetary wise, IYO?] I DONT KNOW THE RATE BUT WOULD THINK THAT A 2% FLOAT ONE WAY OR THE OTHER WOULD BE THE MANAGED AMOUNT IF IT GOES HOW IT LOOKS TO ME TO BE THE BEST RESOLVE BUT DONT HAVE THIS IN INK... [post 2 of 2]
7-22-2014 Newshound Guru Millionday [considering they are transforming to a new market, what is the suspected time line for a reality rate adjustment to meet the transition...?] WHEN THEY MOVE TO A GLOBAL MARKET ECONOMY THEY WILL HAVE TO HAVE A PRICE FOR THE DINAR THAT IS A REALITY AND CALCULATED VALUE FOR THE PRICING INDEX IN THE COUNTRY AND ALSO THE ISX AND ESX AND ALSO THE GLOBAL MARKET FOR EXPORTS AND IMPORTS AS WELL. [Its very little doubt we’ll see a rv in July?] I DONT KNOW THE DATE BUT SEE THAT IT CAN HAPPEN AT ANYTIME – NOTHING IS KEEPING IT FROM MOVING FORWARD WITH THE INDEPENDENCE THAT CBI HOLDS – AT THE SPEED THEY ARE GOING IT HAS TO BE PUT IN PLACE TO MOVE TO THE MARKET ECONOMY THEY ARE TALKING ABOUT AND ANNOUNCING TO THE CITIZENS. [post 1 of 2....stay tuned]
7-22-2014 Intel/Newshound Guru Poppy3 RAMADON ENDS ON THE 28TH AND THEN THEIR BIGGEST HOLIDAY, WHICH IS GIVING DAY, IS THE 29TH AND NO ONE WORKS ON THAT DAY. IT'S LIKE THEIR CHRISTMAS AND THEY GIVE GIFTS ALL THAT DAY TO ONE ANOTHER. PERHAPS THAT GIVING WILL INCLUDE YOU AND I THIS YEAR.
7-22-2014 Newshound Guru Aggiedad77 Article: "Finance Minister calls for passage of the budget as soon as possible" The Iraqi Finance Minister is calling for Parliament to make the budget its highest priority.....the applicable committees need to get into high gear to make this happen.
7-22-2014 Newshound Guru Millionday they are stating that the budget will be addressed wed [Wednesday] along with the presidency...they have said that the two readings are done and they were considering with some very important laws just to vote them through and listed the budget as being one of them -- so if they dont change their mind they may just vote it through -- the constitution gave them 30 days from parliament seated to have PM in place and 15 days from elected in officers of parliament which is the 23rd if i remember right.
7-22-2014 Intel Guru tman23 Article quote: "the Liberal bloc MP revealed Friday the Diwan, on Monday, that his vote on the Kurdish nominee for President of the Republic, with the nomination of Chen represents the State of the law and does not represent the national coalition." AGAIN THE SOL ATTEMPT TO CREATE A SITUATION THAT THEY CAN DELAY THE ELECTION OF THE PRESIDENT BY ADDING A CANDIDATE AND PULLING VOTES SO NO CANDIDATE HAS A MAJORITY TO BE ELECTED.
Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
7-21-2014 Intel Guru DC [via Duke] ...we understand every position is picked out and ready to go. The UN Security Council is okay with everybody they've picked. They are waiting for specific timelines - 2 they are working on. They have been trying to hold off until the 3 main positions are released. CBI, new speaker, PM, etc. are all ready. Iraq is ready to go....they have been ready. It's now just a coordination schedule with everyone else. There are a little bit politics being played about when it gets revealed. Quite simply, that's what we're waiting on. It could be anytime now.
7-21-2014 Newshound Guru Tlar He has attempted to borrow from the reserves on numerous occasions the last time being when the 2014 budget wasn't passed, he wanted to borrow the money to keep the government running. He has a history of attempts to get his hands on the reserves and it is my belief that Turki got therm out of the country to safe guard them from Maliki, not the ISIS. If he had been able to bust the reserves and use them for whatever, we most likely would not be discussing this today as he would have destroyed the plan if he could. [post 2 of 2]
7-21-2014 Newshound Guru Tlar [What measures, if any, have been taken to ensure that M [Maliki] can't just go in and get his grubbby little paws on the CBI reserves as he has done in the past...if he is not 100% removed?] Maliki never stole the reserves. He borrowed 5 billion personally from the CBI when Shabibi was in charge and never made a payment nor has he returned the money. Then for the last 6 years he has tried to get to the reserves saying he needed them for projects and infrastructure all of which were just excuses. He started a campaign in his government for calls to give the reserves to the government as he was accusing first Shabibi and then Turki of ineptness and theft. [post 1 of 2....stay tuned]
7-21-2014 Intel Guru TNT Tony [via Duke] There are still meetings going and all those people are still getting together to make final decisions. There was no hold-up, fuss or fight. Just final decisions, some of what need to be made today. There's really not that much more to say. Banks have been ready for months and months now. Final plans are being laid out. The IMF is ready. BIS is ready. World Bank is ready. Iraq definitely has everything they need, from their banking system to the QI Cards, to the GOI, speakers, PM, president, etc. It's all got to be coordinated to that one hour so speculators don't jump on it. That's really the fine point. Others can say this and that has to happen, but most of those things have already happened. ...I can tell it can be at any time. 99% of the people involved are ready and are trying to decide the best time.
7-21-2014 Intel Guru Bluwolf we are waiting for the new PM to be announced as seated…from that point on then and only then will we expect this rv. the parliament is all done, the budget approved, all we now need is the announcements of the the president and two pm's and we are through. i do not give out rates or dates but its high,very high...its coming. very swiftly and unannounced.
7-21-2014 Intel Guru Mnt Goat They must choose a president within 30 days of electing a speaker. The clock started ticking on 7/16. I believe they will have the president announced on 7/23. As the president of the parliament, Salim al-Jabouri opened the door for nominations to the presidency for a period of three days starting on Wednesday (16/07/2014). So far I have heard all the nominations for president were sent to parliament on time. They must nominate a new prime minister Within 15 days of the president's election, so this will bring them to a constitutional deadline to seat the PM by first week in August. Finally we not only see the light at the end of the tunnel but we are beginning to feel daylight and it feels very good for the people of Iraq and for us as investors in Iraq. There is a new government being formed, free of the Iranian influence and Maliki tyranny.
7-21-2014 Newshound Guru Kaperoni Let's go Article VIII! I really believe Article VIII is coming this year. When you look back at the 2013 Article IV Consultation, the IMF called for the CBI some 5-6 times to move to Article VIII in that report. IMO, the reason they have held off on the 2014 report is to give the CBI time to accomplish this request. This article is very "matter of fact" with this statement..."He pointed out during his speech for the "morning" that this trend will strengthen the position of local trade internationally, after the currency gained international acceptance process,..." Quote: "pointing to the importance of activating the measures adopted in the present time.." They mean now! my optimism is good but I don't forget the government needs to be formed, laws need to be passed, and they need to get control of the terrorism.
7-21-2014 Newshound Guru Tlar Maliki just won't go away. He now is trying to obstruct the voting for president by nominating a bunch of guys from the SOL which he intends to run one after another in an attempt to stall the process. We have already seen an article where the SOL is stating Wednesday they should just introduce the nominees not vote on them. I'm sure they would love to postpone another week the actual vote. He claims is trying to punish the Kurds for their "polices" but the truth is different. He is just trying to stall the process of building the government.
7-21-2014 Intel/Newshound Guru Poppy3 I HAVE SAID JUST LIKE THE IMF WEB SITE STATED IN 2010, THEY APPROVED $3.22 PLUS UP TO 20% MORE FOR INFLATION MEANING UP TO $3.86. EVEN THOUGH THEY HAVE FOUND MUCH MORE RESERVES THAN AT THAT TIME...I STILL SUSPECT WE WILL SEE A RATE WITHIN THAT RANGE. [post 2 of 2]
7-21-2014 Intel/Newshound Guru Poppy3 NO OFFICIAL WITH THE CBI OR IMF HAS EVER STATED ANYTHING ABOUT A FLOAT...THEY WANT A FIXED RATE THEY CAN MAINTAIN FOR 24 TO 36 MONTHS TO ALLOW FURTHER STABILIZATION OF THEIR ECONOMY WITH THE NEW RATE. THE IMF AND CBI HAVE ALWAYS SAID THAT THEIR RATE WOULD BE THE MOST VALUABLE IN THE MIDDLE EAST MAKING IT THE MOST VALUABLE IN THE WORLD BECAUSE AT PRESENT THE KUWAIT DINAR IS THE MOST VALUABLE IN THE WORLD @ $3.58 LAST TIME I CHECKED ABOUT A MONTH AGO. [post 1 of 2....stay tuned]
7-21-2014 Newshound Guru Aggiedad77 Article: "Mehdi al-Hafez: positive movements of the adoption of the budget" Simply put, it is believed the 2014 budget can be approved and that there will be a serious endeavor and attempt by the Parliament to do so...even before the complete formation of the government.
7-21-2014 Intel Guru Mnt Goat Many of us expect this week to be a pivotal week in the revaluation of our dinar investment. I have to tell you I think it will be but not in the context of a revaluation announcement as most think will happen. Also do not expect other major announcements all happening on Wednesday as some believe it will happen. We are going to have to wait yet another week for the PM voting process to play out and then we have a very, very good window following that next session on 7/30 to see our RV. Remember also they have not formally announced the next session after Wednesday’s so it could be bumped up or moved out further. Let’s see what happens. [post 2 of 2]
7-21-2014 Intel Guru Mnt Goat we have waited anxiously for he next session of parliament to decide the next “president” if Iraq...this is now the actual presidential position (outgoing Talibani) they will now be voting on along with his two vice presidents in Wednesday’s session. I strongly believe that these are the only positions they will be voting on in Wednesdays session. They will then take one more week to put the presidents cabinet together and solidify the nominations for the prime minister, the last of the presidential vacancies to fill. This is what I am hearing from my Iraq contact. [post 1 of 2....stay tuned]
7-21-2014 Newshound/Intel Guru BGG [how close r we do u think?] fairly close - however, I don't think I'm ready to quit watching the news daily (just yet).
7-21-2014 Newshound Guru Chattels This parliamentary election process may go on for awhile and there is nothing which says that when there is a next and fully seated GOI that our liquidity event will occur. Manage your expectations. This is a distance run of indeterminate length. Pace yourself. Allow for the unknown unknown
7-21-2014 Intel/Newshound Guru Poppy3 SOMEONE ASK ABOUT THEM PASSING THE HCL BEFORE THE RATE. THEY CAN'T IMPLEMENT THE HCL WITHOUT THE RATE BECAUSE THE HCL WILL BE FUNDED THROUGH THE RV. THE RV HAS TO HAPPEN BEFORE THE HCL CAN BE IMPLEMENTED, ALSO THE TARIFF LAW IS THE SAME WAY. I SUSPECT THE BUDGET WILL BE OPENED THEN THE REST OF THE LAWS WILL FOLLOW. I DON'T THINK THE RATE IS IN THE BUDGET BUT THINK THEY WILL NEED THE RATE ANNOUNCED TO FUND THE BUDGET. TIME WILL SHOW THE FACTS SOON.
7-21-2014 Newshound Guru Millionday this was a press statement to the citizens this morning [Sunday]. Quote: "...financial expert Ali Fukaiki importance of adopting measures trade in local currencies across the border for its role in facilitating the smooth flow of traffic of goods and international cargo across the countries that adopt this process." they are announcing the trade of currencies with other countries which will require a reality rate. they are starting international trade with the dinar...they will become internationally recognized through the process of acceptance because of the reserve they have to back it up. they are calling for it to begin now due to its demand and the supply they have to back it up...the rate is not changed right now but they are asking for it to be activated now according to this.
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