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4-19-2014 Newshound Guru wmawhite I am of the opinion that the CBI is moving forward with the eventual change in status of the IQD. In other words, the 2014 budget needs the change in the IQD...but, the CBI does not need the budget.
4-19-2014 Intel Guru TNT Tony Hearing that good things are still in store for the weekend. We wait to see.
4-19-2014 Newshound Guru Kaperoni Article: "Ahrar bloc describes 3rd term for Maliki as 'Dreams' " Maliki may not be able to form a coalition to stay, but he will delay. An article was posted earlier...said it could take a year to form a new government. Let's hope not.
4-19-2014 Newshound Guru Millionday Article: "Baghdad: launched in Baghdad on Thursday, the first Arab conference for accounting and auditing in cooperation with the Arab League" so this is the advancement that will take place with the administration reform and also the economic reform. [So how long...do u think it will take from here to get into wto? Days weeks months?] the wto accession to active membership will be after their reality rate is set so i hope very soon -- with the news about the tarriff and customs meeting concerning the wto accession today it seems to look as though not long for their accession.
4-19-2014 Intel Guru DC I believe Iraq is immensely ready. I believe they are getting ready for celebrations and frankly have been on the edge of ready celebrations for many days now, at least the 15th if not before. A lot of the banks continue to distribute the lower denominations...There are some parts of the country that do not have them so it’s really confusing. All the banks that we know and talk to are very ready and are on call and are ready to go. The delays now are being measured in very short periods of time and they’re also getting harder and harder to justify, to get it done...we’re talking hour to hour, a few hours at a time...when they’re talking about the delays...not days. I am very optimistic about the next few days and I think everybody else is.
4-19-2014 Newshound Guru Kaperoni Article: "Iraq is preparing for negotiations for joining the World Trade Organization in third round" Unlikely they will get accession until the laws are in place and the currency is convertible. These are basic requirements. Wishful thinking on Iraq's part to think they could gain accession without these. Makes no sense...Parliament has to pass them laws and the GOI (Maliki) needs to stay out of the CBI for monetary reform to get done. We shall see.
4-19-2014 Intel Guru TNT Tony [via Adpet1] I do expect us to see his between now and Monday, if not before. It could come in the next hours or days. Iraq is telling their people the time to do currency reform is now... everyone is pushing for it, even the US. They are ready for it to go as soon as the last detail is completed. There have been definite delays, not for personal gain, but because if it had gone through, it would have had a negative effect on us all. I believe that this is over. They are talking about it in the past tense. We are just waiting for the announcement...I do think it could happen this weekend. There are people at the call and exchange centers right now on Good Friday and Easter weekend.
Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
4-18-2014 Newshound Guru Millionday Article quote: "MP for the coalition of state law Salman al-Moussawi, on Thursday, for the coalition to reach agreement with the Kurds on the Law of the federal budget, And while noting that the position of the last change at the last minute, said that the law will pass in spite of political differences." [But we don't know when?] ...we do know they said they would have an emergency vote right away...this is one of the reports -- lets make sure before we bring out the party hats.
4-18-2014 Newshound/Intel Guru BGG It is my opinion - most of this back and forth over the budget is really a big "blame game" between the parties ahead of these elections. Maliki got some traction with it early - yet his opponents appear to be using his own weapon against him and it looks like he'll try and ride this "budget train" into Apr 30th.
4-18-2014 Newshound Guru Chattels [new guru] Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise.
4-18-2014 Newshound Guru Kaperoni Article: "Central Bank: 70 trillion dinar bank deposits" This is a huge article...think about it...if the CBI's plan was to reduce the money supply they are announcing today that 70 trillion dinar sits in banks. The choice will be..loan it out or reform the currency and raise the value of the dinar. Now is the time with all this dinar out of circulation.
4-18-2014 Newshound Guru wmawhite I too bought the Dong...however, I do not believe that the VND will RV...because, Viet Nam, just like China must export large quantities to fuel their economies. In order to keep their products cheap their currency must be kept LOOOOOW. Again, Viet Nam is very similar to China. It products and export alot, IMO.
4-18-2014 Intel Guru Winalot this is from a currency dealer in Yemen...they are always accurate: "Exchange Rates Today in Iraq against the Iraqi dinar from the Iraqi Central Bank: U.S. dollars Buy - 6.9806 Sale - 7.0143." funny thing...there are several sites overseas that i check rates at...all have taken down their exchange rates, or removed the IQD. also...seems that there are 2 iraqi parliament sites!
4-18-2014 Intel Guru TerryK Talked to UST contact this afternoon everything is looking great for this week. They did tell me that the holdup is Obama he is not wanting the masses to benefit from this blessing because of what it represents. I did also here that he is purposing that the rate come out below the $3.42 and then let it rise from there. I don't know if that is true or not. So the UST is telling me that it is still in good position for it to come out tomorrow [Friday]. I know that tomorrow is Friday but we will see what happens. That is the best news I have for today.
4-18-2014 Intel/Newshound Guru Poppy3 THIS NOTICE...RECEIVED FROM VERY GOOD FRIEND--directly from Iraqi > Iraq moved to 'caretaker' government from today until after the elections. He feels nothing of importance will happen until GOI returns. However CBI can still do it if they want but he says very unlikely in his opinion. LIKE I HAVE SAID MANY TIMES, EVERYONE HAS AN OPINION AND ONLY TIME WILL TELL THE FACTS. HOWEVER MEMBERS OF FINANCE COMMITTEE AND PARLIAMENT AND GOI LEADERS HAVE SAID THE CBI NEEDS TO RV PRIOR TO THE ELECTIONS.
4-18-2014 Intel Guru Mnt Goat So this news today from Iraq is very special since it coincides with what we are now hearing from the IMF on progress made at the meeting this past week in DC. I am now hearing they have a target end date of April 30 to complete the current phase of the global reset process. They can now move forward. The stalemate between the IMF and the USA is over! We are so close to the final activation of these currency rate changes at the banks I can hardly stand the excitement. I have watched the contact in the IMF now (once again) notify Iraq that these changes were about to be effective and that their currency was about to go international. The RV train is moving once again. [post 3 of 3]
4-18-2014 Intel Guru Mnt Goat Significant Recent Events: First I have found out the USA and the IMF have reached a mutual decision on how to handle these reforms, in particular the voting rights issues...I have been assured the issue is no longer a problem for the process to move forward. Secondly, another reason for the delay has been the release of the new UST notes to the general public in USA. These notes are now sitting in the USA banks ready to be disseminated. The plan is now to carryout the original plan with minor change and will more forward. Thirdly I have been told today also the Iraq GOI has reached an agreement with the Kurds on the budget. [post 2 of 3....stay tuned]
4-18-2014 Intel Guru Mnt Goat I...just got off the phone with my IMF contact. Today is early Friday morning and the news could not get any better. Let me first remind you...that the passing of the Iraq 2014 budget is dependent on the IQD currency revaluation announcement and not the other way around. In other words watch for the GCR and you will then see the announcement of passing or the high likelihood of the Iraq budget passing in the near future. The two would coincide nicely. Watch for one and you would see the other. [post 1 of 3....stay tuned]
4-18-2014 Newshound Guru wmawhite IMO, the statement by the MoF last year that the IQD will experience a dramatic change in value prior to June 2014 and the expiration of EO 13303 on 22 May 2014 has alot to do with the IQD than many realize. ...even with the stalemate in Erbil and the hold up with the budget...the CBI has been lights out...speeding forward. They wait on no one. [post 2 of 2]
4-18-2014 Newshound Guru wmawhite When the time is right the CBI in conjunction with the IMF and WB will change the status of the IQD. They will not wait on anyone or anything IF the time is right. [no way was M [Maliki] going to gain politically from this event.] concur...M [Maliki] is old news. remember, it could take many months before the new government is formed. However, IMO, if the time is right, the CBI will move forward with the IQD. [post 1 of 2....stay tuned]
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