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9-29-2016 Newshound Guru Adam Montana [Do you think oil with stay low & cause the RV to delay or come out lower?] I think oil will start to go back up OR Iraq will adjust, but it will not be a permanent delay. [Do you still think we can / will see an Oct RV or simply things "getting better".] Both.
[ I am under the impression Mosul will be retaken by the joint forces within a few weeks. Does that make any more reason for them to finally roll out there new rate?] It's not "the" reason, but it's definitely forward progress and a positive thing.
9-29-2016 Newshound Guru rcookie Article: "Iraq: 634 receive Advisor Abadi million dollars from the IMF and the budget deficit "shrinking" Quote: "...the size of the budget deficit in 2017 shrank from 34 trillion to 12 trillion dinars, indicating that the next instalment of an IMF loan for Iraq amounted to $ 643 million..." AND THERE IT IS...DEFICIT TRIMMED FROM 34 TRILLION TO 12... [those numbers are amazing.] WITH IMF ASSISTANCE AND GUIDANCE JUST LIKE 2016 BUDGET THEY CO AUTHORED...NEVER... EVER...EVER HAPPENED IN THEIR HISTORY...NEVER...THEY FINALLY RIPPED THE BAND AID OFF...READY TO PLAY IN THE BIG BOY SAND BOX... [post 2 of 2]
9-29-2016 Newshound Guru rcookie Article: "Cabinet approves 2017 budget amendment" SO 2017 BUDGET AMENDMENTS APPROVED BY CABINET...JUST AS LAST YEAR WITH THE IMF CO-AUTHORING BUDGET AND MANDATING THE CRITERIA THAT WOULD QUALIFY THEM FOR THE SMP AND THEN SBA LOANS...THIS YEAR EXACTLY THE SAME...THEY GOT THEIR 2ND INSTALLMENT OF SBA MONEY BECAUSE THEY MADE THE NECESSARY AMENDMENTS TO IMPAct deficit and reforms that were then inspected and approved by imf before relaesing loan money... [Will the OPEC decision today hinder those output numbers?] NO...THE OPEC NEWS IS GREAT BECAUSE IT WILL POSITIVELY IMPACT BUDGET REVENUES...AS OIL WAS ADJUSTED TO $42...DEFICIT ATTACKED ON BOTH ENDS.....IMF SMILES AND CUTS NEW CHECK...SIMPLE. [post 1 of 2....stay tuned]
9-29-2016 Newshound Guru mike Article: "Trade protectionism stimulate national industry" Quote "...resort states to various means in order to encourage and support enterprise productivity to achieve economic growth..." We've known this for years, so do the Iraqi's, what's missing is the political will to implement the much overdo changes to the open market economy. On a positive note, at least they know what they need to do. Now they just need to do it.
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9-28-2016 Newshound Guru Adam Montana ..."on par with the neighbors" --- I've heard this one for years and there is absolutely no reason one country can value its currency at a higher rate just because another country close by is at a higher value relative to the dollar...thats like me saying well bob down the road who is a CEO of his own company just got a new mustang ... I should have one too ,even though I work part time in pizza hut...with todays crazy lending policies I probably could get the loan for it in this scenario but long-term it will destroy me just like if Iraq jumped the gun and set a rate too high based on a false belief in their ability to maintain that rate or deserve it. As mentioned above the factors that affect the value of a currency cannot be overlooked or dismissed just because one might want to keep up with the jones's (or Muhammad's in this case) its just an ego thing. I do think some day it will be on par, now whether thats because the IQD increases in value or all out chaos engulfs the middle east and everyone else drops to Iraq's current value I don't know but time will tell. [post 2 of 2]
9-28-2016 Newshound Guru Adam Montana [via The Machine] [Oil prices are relatively stable, the price of gold is staying above $1300/oz and most likely going up. Iraq has plenty of both. With all that has gone on with Iraq this year: CBI talk, banking, more oil, more gold, security, government, IMF and UN aid, etc...things are actually looking promising. I know about your 10 cent stance, and...I was just curious if you've heard anything about a possible rate of 13-26 cents, like a few other middle east countries are currently valued at as well. Just so Iraq can be 'on par' with some of their neighbors, and take advantage of the resources they possess or have yet to tap into.] oil prices stable ish --- yes...gold price staying above $1,300/Oz and heading higher --- I sure hope so...Iraq has plenty of both --- well we know for sure they have a lot of oil, how much gold they actually have at the moment is anyones guess. as for the rate --- 1c , 10c , 50c, $50 per dinar or even the current rate, it really doesnt matter to Iraq what the rate is life continues as normal, there are 120 factors that determine the value of a currency, everything from political stability to standard of healthcare, structure of the economy and population educational levels then the usual things like reserves, natural resources, workforce participation, interest rates, banking structure and policies, inflation rates and the volume of cash in the economy etc. [post 1 of 2....stay tuned]
9-28-2016 Newshound Guru Aggiedad77 Article quote: "The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER)." Notice how the UN and it's various departments seem to all of a sudden be falling all over Iraq in attempts to help them....what pray tell might be coming from all this new found assistance.
9-28-2016 Newshound Guru firefly "Law No. (27) for the year 2016 general amnesty Arabic Original Document 26 Sep 2016" From the Iraq Local Law and Governance Library folks! In Print now. It is now Law.
9-28-2016 Intel Guru Dr. Clarke There just isn't a 100% complete indication, from any direction, on this Oct. 3date right now, but it is a very high probability, much more, than implementing the December 1 scenario. The reason, is that they realize, the more time taken, the more problems that will inevitably surface. They, (meaning primarily the U.S. & Iraq), want to move on this NOW, but the UN & the IMF are leaning toward a little more time, to suffice the global picture...there are a couple countries right now, seriously threatening, as we speak...These are purely our Beliefs & Opinions, as to the status of things, at this point. As of Right Now, OCT. 3rd is it. ..."Time Will Tell" ...the VN Dong - we have no status change, at all - still...at any moment. [post 3 of 3]
9-28-2016 Intel Guru Dr. Clarke The consideration, is that this would give them some extra time, to fully integrate the affairs within the country, managing the changeover sufficiently within all aspects of their banking and regulation systems - lower denoms, auctions, pricing, etc., finalize some political shuffling of key positions, finish a handful more laws, and secure a little more ISIS details - all before becoming a Full International partner, and the onslaught of changes that come with that - ALL while these other things play out, after the Oct. 1 date... [post 2 of 3....stay tuned]
9-28-2016 Intel Guru Dr. Clarke As it stands RIGHT NOW, it looks like we'll have an Official International Rate increase and exchangeable Iraq Dinar currency, on Monday, October 3, 2016. The next few days will fully determine this outcome, based primarily on events OUTSIDE Iraq, believe it or not, for this date...it has to do with the full integration of several other key political powers, and their current positioning politically. There are moves being made, as we speak, that are of serious concern. That's all we can say about that, at this time. Because of this, at this point, there is strong consideration, to FIRST substantially increase the IN-COUNTRY rate by Oct. 3, countrywide only, without granting an International status, until the Approximate time period of December 1, 2016, at which time, Iraq would Officially become an Internationally Tradable and exchanged currency, outside the country. [post 1 of 3....stay tuned]
9-28-2016 Newshound Guru Kaperoni Article: "Float the Iraqi dinar economic phenomenon that will support the national currency" hopefully the plan will be put in place soon so Iraq can start to create a private sector. The dinar is key to that success.
9-28-2016 Newshound Guru Adam Montana If you're watching the news stories, you'll already know that my prediction to start seeing things moving around now is taking shape... we've actually got news! Which is a GREAT thing, considering the lull that we were in for the last few months! I think it's clear that things are picking up pace. And that is exactly what's happening now... I am liking the current situation.
9-28-2016 Intel Guru Bluwolf The 170 hours ends sometime tomorrow. What it transpire is not known by me. For see this is on a timer (It has a day and specific time agreed on by all countries). The rates are admirable and high and the banks are all ready. Know that the US is in the original basket and it also is revaluation. Vietnam, Russia, China, Iraq, Iran, Brazil, Mejico (Mexico for you), South Korea, to name a few are in that original basket of twenty. ... the timer is about to expire and all GCR related happenings will become the world's new reality.
9-28-2016 Intel Guru Bruce Where are with Iraq? They have revalued in country, they are using Qi cards, back pay all the way back to January. Decent rates on cards. Iraq did all they were asked to do. The G20 meeting was positive, the treaties, Paris Treaty, all agreed upon. It was just announced, the Paris agreement yesterday in the UN general assembly. It was a very big deal when that went down. We are in excellent position to receive this blessing in very short order. Don’t know next day or so, but believe this is our week. That is the sort of the timing we are looking at right now. We are pretty close...get ready and prepare for your new lives that should start here pretty soon.
9-28-2016 Newshound Guru Kaperoni Article: "Central bank: Iraq will emerge from the gray list to the white early next year" Quote: "...the highest international group to monitor the money moving internationally to remove Iraq from the gray list to the white early next year, 2017..." This is one of those articles that is so matter of fact. There can be no confusion what the CBI is saying here. No misunderstanding. Here is what the IMF said in the SBA..."The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate." We can clearly see that early 2017 the CBI plans to enter Article VIII. This will facilitate international investment, confidence and international transactions using the dinar. This also, IMO will be when the dinar begins to float. As already stated, the CBI plans to introduce a new 50, 100, and 200 at the same time so we can expect the dinar to improve significantly in 2017.
9-28-2016 Intel Guru Frank26 Abadi is trying to take his country into the future...into the international world and to do business with it...not with the program rate...the UN applauded and said bravo to Abadi...and he met with many nations...and those nations promised many things to him...why would they do that at a program rate... Article quotes: "We Will Raise the Value of the Iraqi Dinar and it will be to Reduce Corruption by Hitting One of the Main Sources of Currency Auctions” "To Restore Confidence in Iraq Currency Retreating..." IMO I think...that Mosul is so very close to us...because of that I believe now they want to talk to you about the Monetary Reform of the Iraqi dinar...and that is good. There was another article...dealing with the Monetary Reforms and they said...we the Finance Committee, suggested that the best thing for us to do is to create a float...our exchange rate...once again another example within 48 hours of Abadi coming back from NYC and DC you see a lot of talk about the Monetary Reform. [post 2 of 2]
9-28-2016 Intel Guru Frank26 ...we were...looking at the fact that Abadi was in Washington, DC...he left early...he actually left Thursday...and he was in Iraq Friday morning and...that to us was very significant...I think the most important reason is why did he come back...because the cockroaches were once again trying to mess with the GOI...the biggest issue IMO was to deal with Maliki...and Maliki’s son...But he has been caught with all the millions that he stole…this evidence is being piled up against Maliki and his son that is dealing with corruption...United Nations also says to Abadi...we are going to come with you too...why did they come to Iraq with Abadi...I guess it is because they are dealing with corruption not terrorism. That is huge...all of the bad people we see over there are being dealt with right now...it is the root of corruption that the UN is now over there dealing with...and Abadi is right there dealing with them...Abadi is not targeting Maliki…that would be politically dangerous...but Abadi is allowing the UN to come and do the corruption clean up...in fact the US Treasury is there too...why...because the UST and the UN are both there now monitoring the CBI auctions... [post 1 of 2....stay tuned]
9-27-2016 Newshound Guru Kaperoni Article: "Float the Iraqi dinar economic phenomenon that will support the national currency" Quote: "Economist banks Rahim al-Adli suggested to the Central Bank of Iraq and the government "unrestricted flotation" Adoption in the auction currency instead of "limiting factor" that determines a fixed exchange rate to the dollar price..." This is the plan, but they must create the conditions first by passing laws, etc. so investment comes in and the dinar appreciates. If they do it now, the dinar may devalue..which we do not want.
9-27-2016 Newshound Guru rcookie Article: "Jubouri ahead of us a historical responsibility to prosecute the corrupt and detection" HISTORICAL RESPONSIBILITY TO DETECT AND PROSECUTE THE CORRUPT...AND "THE NEED TO SHIFT FROM A CRISIS SITUATION TO A STATE OF POLITICAL AND EXECUTIVE STABILITY"... WOW!!! NUFF SAID...
9-27-2016 Intel Guru ADMINBILL NO NEWS OTHER THAN WE ARE EXPECTING COMPLETION ON OR BEFORE THE 30TH OF SEPTEMBER. WILL WE SEE IT? MAYBE. COULD IT BE AFTER OCTOBER 1ST. SOME SAY IT COULD. ANYTHING IS POSSIBLE.
9-27-2016 Newshound Guru rcookie Article: "Parliamentary Finance: Financial Management Law will reveal flaws in the state's economy..." THAT IS PROBABLY THE BIGGEST AND MOST IMPACTFUL LAW WE HAVE BEEN WAITING FOR... SO...WILL BE DISCUSSED IN THE NEXT HoR SESSION... [which is next week right?] YES...TUESDAY...THE FLAWS THAT IT WILL REVEAL IN THE IRAQI ECONOMY...IS THE VERY REASON THE IMF HAS PUT SUCH WEIGHT ON ITS ADDRESSMENT...
9-27-2016 Newshound/Intel Guru BGG Article: "Urgent parliament obliging the government 10 days the progress of modifying the 2016 budget law" [why do the need to modify the 2016 budget?] I suspect they have some "house keeping" to get in order at the "behest" of the IMF... I know they have some missing line item things in the 2017 budget they have to get fixed as well... (about 12 billion worth of oil expense - from the sounds of it - IMF "no likey"... ).
9-27-2016 Newshound Guru mike By all appearances, Maliki and the Reform Front can get just about any legislation pushed through now in Parliament, just look at the messed up Amnesty Law that was just passed. If Maliki can get his version of the HCL pushed through, he can criminalize the actions of the Kurd's when they sell oil outside of the SOMO network. Barzani won't wait for that to happen. Again, this is just an opinion. [post 2 of 2]
9-27-2016 Newshound Guru mike Article: "Parliamentary Power: 4 points of contention hinder voting on oil and gas law " In my opinion, the HCL will be the law that pushes the Kurd's to hold a referendum and try to separate from Iraq. There have always been two HCL's, one was a centralized, socialist type law that empowered Baghdad to make all the decisions regarding oil, they would sign deals with the oil companies, determine where drilling would take place and collect 100% of the money's involved. The Kurd's and a couple of other provinces, aren't for that. They want more control and input over the process and want to limit the centralized approach that got Iraq into the oil mess they're in now. Iraq has delayed the provinces desire for their own laws and authorities, this will only further subjugate the provinces to the out of touch MP's in Baghdad. [post 1 of 2....stay tuned]
9-26-2016 Newshound/Intel Guru BGG [The Investment Law...is a pretty direct law, any idea what "tweaks" need to be done?] I am not exactly positive about what they are doing with it - but it appears they will make adjustments to an existing law to satisfy international pressures... and by all indications - it will happen soon. Probably one of the final pieces to the puzzle.
9-26-2016 Intel Guru ADMINBILL ACCORDING TO ALL SOURCES THIS SHOULD BE A GREAT WEEK. ..."TIME WILL TELL".
9-26-2016 Intel Guru Frank26 [...is the big event that is supposed to happen by November 1 something that we will be a part of...or will it only be for Iraq, as when they went international in July, but was only for them?] Have said many time IMO RI is now with RV in 2017. How can one complain on that opinion? Have also given..two reasons why these seem to have been put ahead of it's schedule.
9-26-2016 Newshound Guru Enorrste Article: "Iraq to the whitelist financially" it is clear to me that this is all do to the workings of the IMF in the background. I am actually beginning to think that the IMF may accomplish its goal which is to bring Iraq into the world market by early next year. This is something that Iraq alone could not do but we are seeing small pieces of the puzzle coming together on a more and more regular basis ever since the IMF made its promise.
9-26-2016 Newshound Guru Stryker Article of the Day!!! "Iraq expects to move to the white list financially early 2017"
9-26-2016 Newshound/Intel Guru BGG Article quote: "...he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar..." they are in the middle of making some final "re-workings" on the 2017 budget... one of them sounds like some different exchange rate...which is weird... how can they "decide" what the price of oil will be - or their exchange rate... unless they already know.
9-26-2016 Newshound Guru rcookie Article: "Rise in the market value of companies in the stock market" Quote: "Mustafa al - Hashimi headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017." THE ONLINE TRADING PLATFORM...THE SERVICE WILL BE LAUNCHED IN 1ST QUARTER 2017...AND THE ISX IS ALREADY REACTING IN ANTICIPATION...
9-26-2016 Intel Guru SteveI ...sit back, relax and let this darn frustrating investment come to you. Follow the money and you will see that Iraq is going to be one heck of a powerhouse in the global market.
9-26-2016 Newshound/Intel Guru BGG Article: "Rise in the market value of companies in the stock market" they are working towards opening an "online" version of the ISX... does any of this look like they are delaying ANYTHING? ...and just a quick note...several years ago - a BILLIONAIRE friend of mine told me directly - the ISX will produce more new millionaires than the currency does...when they open that up - it's ON!! Sisi let the "cat out of the bag" the other day...Egypt is going through much of the same stuff with the IMF...he plainly said "they would revalue their currency before the end of 2016"...Iraq is way ahead of them. [reference Guru mike post 9-25-2016]
9-25-2016 Intel Guru ADMINBILL YOU MIGHT BE ASKING YOURSELF TODAY..."WILL IT EVER END?". THE ANSWER IS YES. WE ARE SEEING A SLOW ROLL OUT THAT ACCOMMODATES THE NEEDS OF THE BANKERS AT THIS POINT IN TIME. IN MY OPINION, WHICH IS SHARED BY OTHERS, THE MECHANICS OF THE RV PROCESS WERE COMPLETED A WEEK OR MORE AGO. ...LET'S GET THIS DONE BEFORE MONTHS END.
9-25-2016 Intel Dr. Clarke Zebari removed...and IEX 1st Qtr. info released...ALL while Abadi out of the country...World Bank today also...Right on Schedule, Right on Time, Right Now, moving according to "Plan". Very Positive Momentum right now...Friends, it's only going to get MUCH BETTER, from here on out...There'll probably be a "small" downer thrown in over the next few days - but IGNORE IT...will pass right by & thru...As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. It's time to Start Smiling, and KEEP Smiling....this time.
9-25-2016 Newshound Guru mike ...in my opinion, it's not the value of the dinar that's keeping investors out of Iraq. It's the lack of banking and investment laws coupled with the crippling corruption that is Iraq. Look at it this way, the total market capitalization for the ISX is roughly $9 billion dollars. There are a bunch of folks that could literally buy every stock available on the ISX, in the big picture, $9 billion isn't a prohibitive number. So, why hasn't anyone done that, heck, they could own every business on the ISX for that amount. The answer is security, stability, laws, infrastructure and politics. When Iraq can make the environment more conducive to fair and open market policies, the investors will come, even if the dinar is still at 1182. ...historically the CBI has only talked about raising the value. However, I can remember when the dinar was 1166 to the dollar and now it's 1182, they've already reversed course on what they've previously stated. Moving from 1182 to 1400/1500-$1 isn't so farfetched to me, especially with the price of oil at $40 something a barrel.
9-25-2016 Newshound Guru mike Article: "Iraq Stock Exchange launches instructions online trading system for investors" Quote: "...he emphasized that the service will be launched in the first quarter of 2017..." [Is anyone else able to hear the can being kicked down the street another time?] I hear it loud and clear. Here's the thing, for years now anyone, who wanted, could buy Iraqi stock. The thing is, who wants to? Until the investment and banking laws are in the books and the banks are functioning like they're supposed to, no one is going in and buying up shares of Baghdad Bottling, it's just not worth the risk. There are tons of other penny stocks to buy in countries that are much more stable than Iraq, the reward just isn't enough.
9-24-2016 Intel Guru ADMINBILL THE NEWS CONTINUES TO BE POSITIVE BUT NO ACTION AS YET. FRUSTRATION IS GROWING WITH BANKERS AND OTHERS. THE NEED FOR THIS EVENT GROWS. WE WAIT FOR THE RELEASE. IT IS MY OPINION, BASED UPON THE NUMEROUS PIECES OF INFORMATION COMING IN, THAT THE RV WAS COMPLETED, THE FUNDING IS IN THE BANKS AND WE ARE SIMPLY WAITING FOR THE GREEN LIGHT FOR OUR TURN. ALL POINTS TO BEFORE THE 1ST BUT THAT IS STILL A BIG QUESTION MARK.
9-24-2016 Newshound Guru mike Article: "Nassif Abadi demanding reforms in the Central Bank" ...the IMF and WB are NOT in control in Iraq. For some reason folks thought their involvement would be the panacea for Iraq's financial woe's and this reminds us they alone aren't the solution, they need the political will of Iraq to accomplish the overall goals. Whacking Zebari demonstrated who's in control of Iraq and it isn't the US Treasury, IMF or WB. It's the Iraqi's themselves.
9-24-2016 Newshound/Intel Guru BGG ...VND, ZIM, Rial and all the other HOAXES out there...what makes Iraq (and their situation) different from all these others? how many of these countries have met with ALL THE OTHER WORLD LEADERS in the last 48 hours...how many of them had some kind of "top billing" at the recent IMF summit? how many of them met with the President of the United States? how many of them have this kind of economic future? how many of these other countries are like Iraq? NONE. Not one...VASTLY different scenarios. BTW - all of the stuff I mention about Iraq VS any other country "devaluing" has happened in the last 48 hrs!! Meetings, that's just the last couple of days - so what makes Iraq different?? EVERYTHING!!!
9-24-2016 Newshound Guru rcookie Article: "UNDP announces send anti - corruption investigators to Iraq next week" THE UN INVESTIGATORS TO FIGHT CORRUPTION ARRIVE IN IRAQ NEXT WEEK...JUST AS THE IMF ORDERED...CAN YOU SAY STABILITY.
9-24-2016 Intel Guru TD Comments from my Kurdish friend ( treat all as rumor and please do your own sound diligence ). I posted months ago to watch out for the battle of Mosul...Get ready to rumble! It's about to happen in any coming week. The Iraqi army is trained just enough and there are strategic elements of American forces quietly re entering the theatre. The Kurds are also armed and poised for the fight while Turkey will also be providing cooperation and help. As far as any news on currency reform - nothing has changed . Nothing will happen till consolidation of the country is achieved. Look maybe for news next spring for continued news of the "deletion of the zeros " program and then the LOP program will be initiated.
9-24-2016 Newshound/Intel Guru BGG it appears attacking the corrupt was one of the VITAL items on a short list that the IMF has been insisting on...It appears to me...the GOI is responding to the IMF, WB and UN - though they aren't entirely happy about it...however, if they want "international acceptance", they have little choice. They must respond...Iraq has been under some version of an "IMPOSED RATE" since when? [2003.] it's not even an accurate value - "Grossly undervalued" is the term used by learned economists...SO - it stands to reason they are going to have to appease those who "IMPOSED" this rate to start with... and THAT, my friends, is what we are seeing play out before our very eyes...those same actors that "imposed" can "unimpose" - it appears they have made this point very clear. Iraq is about IRAQ. Nothing else - AND it is the hottest topic in world finance right now. Period. With VERY GOOD REASON. Abadi's PM "brand" is HUGE right now...he's moving Iraq forward mightily...they are moving with great speed. I think the future looks very bright for Iraq.
9-23-2016 Newshound Guru rcookie Article: "Parliament determines the sixth of October as the date for the interrogation of al - Jaafari" Quote: "MP Haitham al-Jubouri, Thursday, all documents and evidence to prove "the involvement of" a large part of the "leaders" of the Ministry of Finance Bmufat marred by corruption..." MARK YOUR CALENDARS...INSERT "ANOTHER ONE BITES THE DUST" SONG HERE..
9-23-2016 Intel Guru Frank26 "Echoes of New York: World leaders praise the achievements of the Government of Abadi" A [Abadi] is Reporting and asking for Economic Reform help ... As the calendar of Iraq was Moved Up to accommodate an Article 8 position with the IMF.
9-23-2016 Newshound Guru mike Article: "Legal: withdraw confidence from Zebari does not cancel the charges against him" Zebari better get whatever documents he has to the IMF and WB, it looks like they're going to move quickly against Zebari with corruption charges.
9-23-2016 Newshound Guru Aggiedad77 Article: "Echoes of New York: World leaders praise the achievements of the Government of Abadi" ...things are being stepped up with Iraq now...what I want to see is the action that transpires upon Abadi's return from the US...hopefully before the weekend ...he has the fortitude and the necessary ability to put the best spin on things for Iraq and the world...watch for Abadi...IMO.
9-23-2016 Newshound Guru rcookie Article: "Abadi adviser: IMF expressed its readiness to open up in front of his locker Iraq" Quote: "The recent meetings in Washington DC between a number of countries and the Iraqi delegation headed by Prime Minister Haider al-Abadi, there was a very positive and promises from a number of countries and agencies for the reconstruction of Iraq..." ...FURTHER SUPPORT COMMITMENTS FROM IMF OVER AND ABOVE RECENT WB STATEMENT OF THE SAME...AND ADDITIONAL PLEDGES FROM OTHER COUNTRIES AWAY FROM UN GENERAL ASSEMBLY...THE WORLD IS IN THEIR CORNER...
9-23-2016 Intel Guru Frank26 Article: "Abadi discussed with the International Monetary director of the implementation of economic reforms and diversification of resources" This is the next meeting with Iraq and IMF...In the first week of October. BTW this 22nd until the 30th of October... They will have two more meetings... This is the first... IOO when A returns...Much will be said of much that has been done.
9-23-2016 Newshound Guru Aggiedad77 Article: "Echoes of New York: World leaders praise the achievements of the Government of Abadi" ...I believe...Abadi would be reaching out to the IMF...the US...and the World Bank for support of their Economic Reforms...they would be sitting down with the international world asking for their support as well...Indeed this is what we see rolling out of this trek to the US...these exact things...Let's be extra watchful for what happens upon Abadi's return to his homeland of Iraq...IMO...it could be very exciting and good...maybe even gooder for all who have a stake in this blessing...no date...no rate here of course.
9-23-2016 Newshound Guru My Ladies ...I WANT TO ADDRESS SOME MORE CONFUSION THAT IS OUT THERE...PLEASE EVERYONE STOP TALKING ABOUT THIS STOCK EXCHANGE IN THE WRONG CONTEXT. THIS IEX IS NOTHING MORE THAN ANOTHER SEC APPROVED STOCK EXCHANGE. THEY ARE ONLY LICENSED TO TRADE UNITED STATES SECURITIES NOT CURRENCIES... ASK THEM IF THEY TRADE CURRENCIES OR WILL EVER LIST CURRENCIES OR FOREIGN SECURITIES. THEY WILL TELL YOU NO NO NO...THEY ARE NOT LICENSED FOR SUCH A THING AND THE FOREX TRADES 4-5 TRILLION DOLLARS IN CURRENCIES A DAY SO WHY ON EARTH WOULD A RETAIL DEALER WANT TO TRADE CURRENCIES ON ANOTHER PLATFORM? THEY WOULD NOT WANT TO.
9-23-2016 Intel Guru ADMINBILL The news from yesterday was positive to be sure. The majority of us expect to see an end on or before September 30th.
9-23-2016 Intel Guru Bruce ...remember the G20 meeting couple of weeks ago? Many signed on, 30 different treaties. The Paris agreement. The climate change, RV and GCR were in that agreement and all signed off on it. ...Iraq...They were told to go ahead and revalue their dinar immediately. They were given full sovereignty; all sanctions lifted, and told to revalue their dinar... bring their dinar as an International currency rate up. We also heard after Abadi went home, they did a small press conference yesterday. Iraq is ready to go from all the information we have from their perspective. In the large scheme of things this is a worldwide event. All these countries will be changed with the first basket. Rates are ready, redemption centers are ready to go, and banks are ready. We are ready to go. Rates are quite good. I think things are still moving along at a good pace. I can see this coming to an end.
9-22-2016 Intel Guru SteveI You get Mosul completely done, move the army to the border, and then finally great times ahead for all.
9-22-2016 Newshound Guru rcookie ...SAW PARLIAMENTS AGENDA FOR TOMORROW [THURSDAY]...1ST ITEM ON AGENDA...1ST READING FINANCIAL MANAGEMENT LAW...RIGHT FROM THE IMF LETTER OF INTENT/MEFP/TMU. BOULYAAAAAAAAAAAAAAAH!!!
9-22-2016 Newshound Guru firefly Nobody seems to be talking about the UN meeting...With Abadi and Iraq. Big is putting it mildly. All I will say is it coincides with the previous G20 meeting in China. Also .... Zebari is going NOWHERE!
9-22-2016 Intel Guru Dr. Clarke lots & lots happening, friends...and quickly...and it's closed today (ISX Thursday). Our eyes are particularly focused on this Sunday - Monday and through to next Saturday. Crunch time...ALL meetings have gone well...so far.
9-22-2016 Newshound Guru mike Article: "House of Representatives withdraw confidence from the Minister of Finance and vote on bills" I'm a little surprised this passed through Parliament, the Kurd's are not going to be happy having Zebari removed. In the middle of an offensive against Mosul, they let go of the Defense Minister, now while they're preparing the budget for 2017, they let go of the Finance Minister. To round it up, Iraq doesn't have an Interior, Defense or Finance Minister in the GOI, who's next, Abadi?
9-21-2016 Newshound Guru rcookie Article quote: "Hussain urged the government to sign more agreements air with other countries, especially that Iraq is on the verge of commercial traffic and open its market to foreign capital..." IRAQ ON VERGE OF COMMERCIAL TRAFFIC AND OPEN ITS MARKET TO FOREIGN CAPITAL... BOULYAAAAAAAAAAAH!!!
9-22-2016 Newshound Guru Shredd So, in summary, the "paying" for your exchange is passed on and the only entity that would ultimately lose money out of pocket per se would be the investor who was holding the dinar at the time if it would crash in value. This general rule applies in all levels of investment -- buying low and selling high. We just get the benefit of the biggest jump in the difference of the two! To that point, I personally plan on initially exchanging a certain percentage of my dinar and holding on to the remaining with the hopes of an even greater gain further down the road. [post 3 of 3]
9-22-2016 Newshound Guru Shredd As far as who "pays" for the increase, we can't look at currency exchange as a finite transaction, a "one-and-done" if you will. Rather, it's an ongoing transaction...
1. You bought the dinar at a low rate (this is the part of investment where the investor makes their money....on the low buy)
2. The value grows (this is driven by the market and no transaction happens in this step)
3. You sell your dinar (you get the gain and the exchanging bank deposits the USD in your account after verifying)
4. The exchanging bank exchanges the dinar with the dealer (thus balancing their "paying" for the initial exchange)
5. The dealer resells the dinar at the current rate (thus balancing their "paying" for the exchange bank's exchange)
6. The new buyer of the dinar ultimately "paid" for your initial exchange but they also hold the dinar at the new value and can exchange it again as the rate increases. Once they do, they balance what they "paid" for their purchase plus gained a bit since they chose to trade...and on and on it goes from here. [post 2 of 3....stay tuned]
9-22-2016 Newshound Guru Shredd [Who pays for the delta/increase between the current rate and the increased rate we hope to receive?] When you exchange your dinar for USD, the bank will verify the authenticity of the currency (either internally or with a vendor) and once the transaction is complete, the bank DOES NOT hold onto it but rather will exchange it again to USD with a foreign exchange dealer in what is referred to as the interbank market. The bank will set the rate based on the market and demand and will of course take their cut (spread). The foreign exchange market works through financial institutions, and it operates on several levels with few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions. If you sell your dinar back to the broker you purchased it from, they will exchange with a large bank and the above process takes place the same. [post 1 of 3....stay tuned]
9-22-2016 Newshound Guru My Ladies UNDERSTAND THAT IRAQ IS DOING NOTHING SPECIAL, IT IS NOT A WHITE ELEPHANT OR YELLOW UNICORN IT IS SIMPLY JUST ANOTHER EMERGING MARKET AND AS SUCH IT WILL NEED TO REACT AS ALL OTHER MARKETS DO AND THAT WILL BE TO TRADE INTERNATIONALLY. I CAN NOT SPEAK TO RATE AND NO ONE CAN…AND JUST BY READING HOW ALL THE OTHER COUNTRIES DROPPED THEIR ZEROS AND DEALT WITH REVALUATIONS I’M SURE IRAQ WILL FOLLOW SUIT. ...SIT TIGHT... THE LONG WAIT IS ALMOST OVER AND FOR ALL INTENTS AND PURPOSES THE CLOCK TO THE NEW SYSTEM STARTED IN DECEMBER OF 2015 WHEN THE CODE OF REFORMS WAS FINALLY ACTIVATED AND ALL EMERGING MARKETS HAVE BEEN FAST TRACKING SINCE THEN. I HAVE MUCH MORE TO SHARE WITH YOU...FOR NOW DIGEST ALL THAT I GAVE YOU... SMILE AND CALM DOWN. IT IS ALL GOOD. [post 4 of 4]
9-22-2016 Newshound Guru My Ladies ...PLEASE STOP WRITING AND SAYING...IRAQ HAS A WORTHLESS CURRENCY. THE CURRENCY IS ONLY WORTHLESS WHEN COMPARED TO THE DOLLAR. BUT SINCE THE DINAR DOES NOT CROSS BORDERS WHEN YOU SEE IRAQ BUYING THIS OR PAYING THAT THEY ARE DOING IT WITH USD. THE QI CARDS THAT YOU ALL TALK ABOUT PLEASE STOP SAYING THE CARDS ARE LOADED WITH 3$ OR 5$ BECAUSE THAT IS NOT POSSIBLE BECAUSE THE QI CARDS ARE DOMESTIC TO IRAQ! WHY ON EARTH WOULD THEY HAVE A FOREIGN EXCHANGE RATE INSIDE THEIR BORDERS? FOREIGN EXCHANGE RATES ONLY APPLY WHEN YOU CROSS BORDERS. [post 3 of 4....stay tuned]
9-22-2016 Newshound Guru My Ladies POLICY AND LAWS ARE IMPORTANT FOR THE SUSTAINABLE IRAQ, THAT’S A FACT...WHAT IS MORE IMPORTANT IS THE CONNECTION IRAQ CAN MAKE TO THE EXTERNAL FINANCIAL HUB. NOW DOES IT MATTER IF THE DINAR IS ELECTRONIC OR IN PAPER FORM? NO NOT AT ALL, BECAUSE ALL TRANSACTIONS ARE SETTLED DIGITALLY. NO ONE IS CHARGED WITH THE JOB OF MOVING CURRENCY FROM COUNTRY TO COUNTRY IN A WHEEL BARROW IT IS ALL DONE ELECTRONICALLY. WHEN IRAQ TALKS ABOUT THE E-DINAR THEY ARE TALKING ABOUT MAKING A CONNECTION TO THE EXTERNAL HUB. ...THE DINAR WILL TRADE...IT IS A FACT AND IS NECESSARY ACCORDING TO THE 2010 REFORMS, AS AN EMERGING MARKET THERE IS A PLACE FOR IRAQ ALONG WITH EVERYONE ELSE. THE WORLD DOES NOT NEED THE DINAR FOR ANYTHING BECAUSE THAT IS JUST HOW THE WORLD WORKS. THE DINAR WILL NOT BE THE SAVING GRACE FOR THE PLANET... [post 2 of 4....stay tuned]
9-22-2016 Newshound Guru My Ladies ...IF YOU GET RID OF THE NOISE AND READ THE FACTS YOU WILL SEE THAT WHAT IRAQ IS DOING IS NO DIFFERENT THAN WHAT ALL OTHER EMERGING MARKETS ARE DOING. MANY FOLKS IN THE COMMUNITY ARE JUST HYPER FOCUSED ON IRAQ AND THE STUDY OF THAT COUNTRY WHICH HAS LED TO ALL SORTS OF STORIES ABOUT WHAT NEEDS TO HAPPEN FIRST LIKE IS IT THIS LAW OR THAT LAW? IS IT THE RETAKING OF MOSUL? IS IT THE LYNCHING OF MALIKI? IS IT THE RETURNING OF SHABBIBI? WELL GOOD NEWS FOR ALL OF US NONE OF THIS MATTERS IN THE BIG PICTURE. [post 1 of 4....stay tuned]
9-21-2016 Intel Guru Dr. Clarke This is EXACTLY what we were hoping to see today, the 21st, as we've been talking about Sept. 21 now for past 3 weeks, as a Key important date...and SEE immediately on the other side...Zebari removed...and IEX 1st Qtr. info released...ALL while Abadi out of the country...hmmmmm....World Bank today also, huh?...same day? Right on Schedule, Right on Time, Right Now, moving according to "Plan". Very Positive Momentum right now. Friends, it's only going to get MUCH BETTER, from here on out...There'll probably be a "small" downer thrown in over the next few days - but IGNORE IT...will pass right by & thru...As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. Please find that SMILE that's been hiding in Doubt, for Oh, such a very long time...at least find a small one, even to yourself, that nobody else sees...It's time to Start Smiling, and KEEP Smiling...this time.
9-21-2016 Newshound Guru mike Article: "Parliamentary Finance demanding the central bank to intervene "urgently" to reduce the dollar exchange rate" Here's hoping there's enough reserves to get the MCP below 2% for 90 days. The only way to get the street rate down is to satisfy the demand for dollars or unpeg and let the dinar drop to 1400-1 again. ...Iraq has to demonstrate they have control over their currency and provide monetary stability to potential investors and right now, they don't have control over the dinar.
9-21-2016 Newshound Guru Shredd Article: "Iraq Stock Exchange launches instructions online trading system for investors" Quote: "...the market identified instructed disclosures required of brokerage firms, which contain procedures to disclose the risks associated with an investment models dealing with investors (Know Your Customer KYC), and commissions that Satkadaha mediator, as well as the requirements are carried out by investors to agree to their trading via the Internet..." this is a very good article and yet another reminder of the progress Iraq has and is making. Investors vetted via KYC and having access to easily trade electronically are huge foundational necessities for both public and private investment.
9-21-2016 Intel Guru Frank26 Here’s another little thing for you...even when the value goes from an RI into an RV...yes the dinar will be a dinar inside the country...but it is going to explode in our hands...supply and demand... internationally…
9-21-2016 Newshound Guru Adam Montana No alert flags. I see good things happening for the IQD right now, I'm actually on a "medium" alert at this time...
9-21-2016 Intel Guru Delta URGENT FROM IRAQI TV: ISX WILL LAUNCH ON LINE TRADING SYSTEM FOR INVESTORS IN THE FIRST QUARTER OF 2017.
9-21-2016 Newshound/Intel Guru BGG Articles: "Parliament dismisses Hoshyar Zebari" "Jubouri: We will respect the Federal Court 's decision on answers Zebari" Quote: "House of Representatives voted to dismiss Finance Minister Hoshyar Zebari on the background of corruption charges" Parliament dismisses Hoshyar Zebari...Which is - (all of their pursuit of corruption) - one of the key points the IMF has made to them... they HAVE TO DEAL with it...they are doing exactly what the IMF has advised them they must do... Quote: "...the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform..." ...they are responding to their IMF supervision.
9-21-2016 Intel Guru Frank26 I believe IMO Abadi is giving Obama a full report right now...not on Mosul... because that is over with...not on terrorism because that is pretty controlled...but on corruption that was destroying and delaying the Monetary and Economic Reforms that the IMF demanded be done before November. This past week the market got out of hand...those that know how to steal and make money are making their last gasp...it is 1166 that is the exchange rate...but the street rate got all the way up to 1300...the CBI was getting hammered by the market...and the next thing you know..."The IMF is Telling You to Reduce the Dollar Exchange Rate”...intervene urgently...adjust the exchange rate...this is continual pressure... I got a feeling that Iraq is going to raise the value of their currency IMO...and I have a feeling the CBI is ready and poised...because they have been escorted by not only the IMF, UST, WB, BIS...but by us...the USA...to be in position to raise the value of their currency...they are right now to be in a perfect situation...
9-21-2016 Newshound Guru mike Article: "IraqÂ?s Shrinking Revenues, the I.M.F. and the Oil Dilemma " Quote: "The suggested reform program is very ambitious. It aims, according to the I.M.F., to bring spending in line with lower global oil prices..." ...when I read articles like this the IMF is doing exactly what they should be doing. They're insuring that the only real business model in Iraq stays afloat and the IOC's get paid, otherwise, these folks will pull up stakes and then Iraq really will be in a jam because without oil, there's very little else generating revenue. The numbers are staggering, Maliki and company brokered these deals when the price was $100 a barrel, now that it's dropped to below $50, To keep payments at that rate when the oil price hit $30/barrel (or bbl), Iraq had to allocate more than three times that volume. This is more than 50 percent of its total oil exports that represent close to 90 percent of its budgeted revenues. Iraq had less oil to export and at a lower price, generating less and less revenues. The model is unsustainable, something has to change quickly.
9-21-2016 Intel Guru Bruce I believe everything is in the Gazette couple of days ago and visible. Bank reforms, new laws are all in the Gazette, published and online both. Iraq is done. Everything is a go from Iraq’s perspective. Everything is very positive. That part is good. They got their sovereignty, part of the World Counsel and were told to revalue their currency to make the rate availability immediately... We understand the CBI is connected to the IEX and the minute they put a new rate on it, it will be seen immediately on the system. My understanding was the IEX was to replace Forex. The final access codes are to be entered. The rates are very good to our knowledge. They may have gone slightly up. What we know, it is going to be fantastic guys. Pretty much we are looking for a sort of any time now scenario. [post 2 of 2] [Review Guru My Ladies post from 9-19-2016 below to see a different perspective on IEX]
9-21-2016 Intel Guru Bruce When the G20 meeting took place and Paris agreement was ratified by all parties...it included the RV and GCR. It was a done deal at that time, it was agreed upon. What has happened at the UN was very positive in terms of Iraq. Abadi did meet with Obama yesterday...The result will be positive for us. Iraq has received complete sovereignty finally. All their sanctions were removed. They are the 209th nation admitted into the World Counsel of the UN. The second thing they were instructed at the UN was to go ahead to revalue the Iraqi dinar immediately. What does immediately mean? Whatever immediately means, we are going to take as very good news. The understanding is they think Abadi has to return to Iraq. That meeting was going to finish around 9est time tonight [Tuesday]. Then the possibility he has to head back and make announcement in country. [post 1 of 2....stay tuned]
9-20-2016 Intel Guru Frank26 ...there are about 21 provinces in Iraq...and they are preparing themselves to take care of the citizens of Iraq...I like this a lot...this is a very...very big step...because the citizens IMO were left for the very last part of their reforms...Monetary and Economic Reforms... IMO...you saw a lot of evidence this week that went by...the displaced citizens are being brought back...
9-20-2016 Newshound Guru rcookie Article: "Iraqi judiciary: general amnesty law implemented from the date of approval" Quote: "A spokesman for the federal judiciary Judge Abdul Sattar Bayrakdar said the amnesty law provided for the implementation of pre-publication in the Official Gazette."
9-20-2016 Intel Guru Dr. Clarke IGNORE all the information on “Note Counts”, with ANY Country. It’s SIMPLE. Everyone wants the same thing: FIRST, Iraq to make their Dinar currency, Officially, Publicly International in status, so that it can be traded, used & exchanged around the world, at your local bank. SECOND, for Iraq to increase the value, higher than the program rate range of 1166-1300, where it’s been for years. For Vietnam Dong, it’s even simpler, because they already have an Internationally traded currency, that can ALREADY be traded & exchanged at just about any bank, around the world...THEY just have to increase their rate, from the range of 22,200-22,500, where it’s also been for years.
9-20-2016 Intel Guru ADMINBILL I HAVE BEEN TOLD TO BE PATIENT. IT IS COMING SOON. SO I AM BEING PATIENT.
9-20-2016 Newshound Guru mike Article: "The World Bank does not want to dismiss Zebari and considers it contrary to "loan agreement" Quote: "The World Bank sent a signal to the government and parliament has custody of the dismissal of the Minister of Finance," pointing out that "the sacking Zebari, contrary to what was agreed upon with Iraq in obtaining international loans." [The world bank knows that Zebari is being persecuted for being a whistle blower against Maliki and his cronies.] Ditto... This is another witch hunt by the Reform Front, they're doing everything they can to destablilize Abadi's government from the inside out.
9-20-2016 Newshound Guru rcookie Article: "Parliament will reconvene tomorrow to vote on the withdrawal of confidence from Zebari or not" ...TOMORROWS AGENDA...APPROVE AND DISCUSS A NUMBER OF THE DRAFT LAWS...AS WELL AS VOTE ON THE WITHDRAWL OF CONFIDENCE FROM ZEBARI.
9-20-2016 Intel/Newshound Guru Backdoc Article quote: "...the Ministry of Planning in cooperation with the ministries of commerce and communication to the application of the electronic card system, as an alternative to paper in the delivery of the ration card items to citizens." EXCELLENT ARTICLE...! AGAIN WE HAVE MORE CONFIRMATION OF THE DIGITAL E-DINAR. AS THEY STATE HERE...THEY WANT TO USE THE PAYMENT CARD WHICH WILL DECREASE THE NEED FOR CASH! THIS WILL ALLOW IRAQ TO KEEP THE NEED FOR CASH TO A MINIMUM AND THEY SHOULD BE ABLE TO KEEP PULLING IN PAPER TO REDUCE THEIR NOTE COUNT EVEN FURTHER!
9-20-2016 Newshound Guru My Ladies I FEEL THAT YOU ALL DESERVE THE ABSOLUTE FACTS, WHAT YOU CHOOSE TO DO WITH THEM IS YOUR OWN BUSINESS I JUST WANT YOU TO HAVE THEM. I HAVE BEEN READING MORE AND MORE TALK OF WELLS FARGO AND ABBOTT DOWNING AND I AM JUST GOING TO SAY THIS I SPOKE WITH WELLS FARGO MAIN LEGAL COUNCIL AND...THEY WERE ALSO SURPRISED TO HEAR THAT THEY WERE THE TOPIC OF CONVERSATIONS IN DINAR ROOMS AND THEY WERE VERY SURE TO TELL ME THAT WELLS FARGO HAS NOTHING TO DO WITH ANYTHING AND IS NOT THE LEAD BANK FOR ANYTHING. SO THE NEXT THING I DID WAS CALL THEIR EAST COAST LAW FIRM AND THAT ATTORNEY TOLD ME THE SAME THING... [post 3 of 3]
9-20-2016 Newshound Guru My Ladies THE NEXT FACT I WANT TO TALK TO YOU ABOUT IS CIPS AND AGAIN THIS IS NOT MY OPINION THIS IS A FACT. CIPS WILL NOT FACILITATE FUNDS TRANSFER RATHER IT SENDS PAYMENT ORDERS WHICH NEED TO BE SETTLED BY CORRESPONDENT ACCOUNTS. AND CIPS WENT LIVE IN OCTOBER OF 2015 AND ON MARCH 25 OF 2016 CHINA SIGNED A MEMORANDUM OF UNDERSTANDING WITH SWIFT AND WAS ALLOWED TO CONNECT. ...WHY ARE YOU WAITING ON CIPS WHEN THEY ARE ALREADY OPERATIONAL AND WHY OR BETTER YET HOW ON EARTH WOULD CIPS OVERTHROW THE SWIFT SYSTEM WHEN THEY ARE ABOUT THE SAME TO EACH OTHER AS APPLES AND ORANGES? ...NEITHER SWIFT NOR CIPS HAS ANYTHING TO DO WITH THE IRAQI DINAR. [post 2 of 3....stay tuned]
9-20-2016 Newshound Guru My Ladies ...I WANT TO BRING YOU NOT OPINION BUT FACT...I WANT YOU TO LOOK AT SWIFT AND KNOW WHAT IT IS. I HAVE BEEN SEEING THIS COMPANY MISUSED...AND I WANT YOU TO HAVE ALL THE FACTS PLEASE. SWIFT IS A MESSAGING PROVIDER THEY DO NOT AND HAVE NOT AND WILL NOT EVER EVER EVER CLEAR OR SETTLE ANY FUNDS. SO WHAT DOES THAT MEAN? IT MEANS THEY HAVE NOTHING TO DO WITH ACTUAL MONEY MOVING OR SETTLING OTHER THAN TO SEND THE MESSAGE OF YES THE FUNDS ARE HERE OR THE FUNDS ARE THERE OR THE FUNDS ARE READY AND SO FORTH. BUT THEY NEVER RECEIVE THE FUNDS. THEY ARE A PRIVATE MESSAGING COMPANY AND THERE IS A HEFTY FEE TO BECOME A MEMBER... [post 1 of 3....stay tuned]
9-19-2016 Newshound Guru Islandg1211 Last month's agreement on Kirkuk was a requirement for the Article 140, and the HCL. But, Mosul's oil, and an agreement and/or census of the population in the regions have to be determined before the implementation of the HCL. So we watch as two significant events unfold: the liberation of Mosul resulting in security for Iraq, and China joining the IMF's SDR basket. Remember, Shabibi's and Allak's statements that they will RV when the conditions are right, when there is "stability and security." Security is in sight within the next few months. Stability is a never ending resistance within the GOI... I've always thought that the RV would happen end of April, June or September, based on quarterly accounting and historical RVs. [post 2 of 2]
9-19-2016 Newshound Guru Islandg1211 Today's HCL article is of interest IMO because Abadi is pointing out that there does not need to be a new HCL law, but just AMENDING the old law. Good point Abadi, it will take less time to get it done and implemented. The TIMING of Abadi's statement today, (as he kicks off his meetings with Obama and the UN), to me, is also of importance when looked in conjunction with today's article referencing the U.S./Iraq/Kurd meeting finalizing the agreement with Barzani on Mosul. IMO, that meeting didn't just cover the military plan for invasion of Mosul, but included post-Mosul plan - meaning the plan for Mosul's oil share for the Kurds. That's just my opinion, time will tell what the agreement is. There can be no HCL, IMO, without an oil agreement with the Kurds over Mosul. [post 1of 2....stay tuned]
9-19-2016 Newshound Guru My Ladies THE GCR IS NOT THE TOSS OF A SWITCH BUT A LONG PROCESS AND WE HAVE STUDIED AND CAN NAME TO DATE 53 COUNTRIES THAT HAVE RESET THEIR CURRENCY TO REALITY SO FAR. IRAQ WILL FOLLOW EVERYONE ELSE...WHAT WILL IT RESET TO? I DO NOT KNOW AND NO ONE DOES. IS THERE AN IN COUNTRY AND OUT OF COUNTRY RATE? NO NOT AT ALL THAT IS NOT POSSIBLE EVER EVER EVER, WHERE THE CONFUSION COMES IN IS THAT IRAQ AND MANY COUNTRIES HAVE 2 RATES THERE IS THE OFFICIAL RATE THAT WE SEE ON THE CBI WEBSITE AND THERE IS A RATE ON THE PARALLEL MARKET... I WANT YOU ALL TO KEEP THE FAITH BUT LET GO OF THE...THINGS THAT DO NOT MAKE SENSE. I ASSURE YOU THERE ARE NO SECRET SOURCES ANYWHERE THAT ARE VALID. IRAQ WILL FOLLOW THE REST OF THE GLOBE IT HAS LITTLE CHOICE. HOW MUCH LONGER I’M NOT SURE BUT I AM SURE IT WILL FOLLOW EVERY OTHER COUNTRY. HANG IN THERE A BIT LONGER. [post 3 of 3] [more to come...]
9-19-2016 Newshound Guru My Ladies I BELIEVE AND ALWAYS HAVE IN LOGICAL MATH AND BANKING AND THE WAYS OF THE GLOBAL FINANCIAL SYSTEM. NOW LOOK IRAQ IS NOT IN A VACUUM OK? THEY NEED TO FOLLOW THE SAME LAWS AND PROCEDURES AS THE REST OF THE GLOBE. IF THEY EVER HOPE TO DO BILATERAL TRADES IN THEIR OWN CURRENCY THEY WILL NEED TO CREATE A DEMAND AND A TRUST FOR THEIR OWN CURRENCY. RIGHT NOW IRAQ IS WORKING VERY HARD AND QUICK TO PLUG INTO THE REST OF THE GLOBE. THEY ARE WORKING TO GET THEIR SYSTEMS CONNECTED AND THE CONFIDENCE THAT IS NEEDED TO CREATE A DEMAND FOR THE DINAR. [post 2 of 3....stay tuned]
9-19-2016 Newshound Guru My Ladies WE NEED TO WAIT ON IRAQ TO BE FREELY TRADING AND ON FOREX IN A BID/ASK CAPACITY, NOT A BUY/SELL WHICH IS WHAT IT IS ON THE CBI SITE NOW. IN MY OPINION THAT MIGHT NOT BE TOO MUCH LONGER OF A WAIT. I WANT TO TALK ABOUT THE IEX... I SPOKE WITH Sxxx OVER THERE TODAY...THE IEX HAS BEEN TRADING SINCE OCTOBER 25TH OF 2013. HE TOLD ME THAT THE IEX HAS NOTHING WHAT SO EVER TO DO WITH CURRENCY, DOES NOT TRADE CURRENCY AND ONLY TRADES U.S. SECURITIES. HE WAS ALSO SORT OF SURPRISED TO HEAR THAT THE COMPANY WAS BEING WRITTEN ABOUT IN SUCH A MISDIRECTED WAY. THIS IS NOT MY OPINION THIS IS A FACT THAT IEX HAS NOTHING AT ALL TO DO WITH THE IRAQI DINAR NOW AND NEVER WILL. THEIR LICENSE WITH THE SEC RECOGNIZES THEM AS OF A JULY 17 2016 AS AN OFFICIAL STOCK EXCHANGE AND THAT IS HOW THEY CONDUCT THEMSELVES. ANYTHING ELSE OR CURRENCY SPECULATING WOULD BE A DIRECT VIOLATION OF THEIR LICENSE. FOLLOW THE FACTS AND CONTINUE TO LOOK TO FOREX WHICH IS A 5 TRILLION DOLLAR A DAY PLATFORM. WHEN THE DINAR PLUGS IN AND TRADES INTERNATIONALLY YOU WILL SEE IT THERE. [post 1 of 3....stay tuned]
9-19-2016 Intel Guru Dr. Clarke [...you talked about and were positive the RV would happen the last week in September with the pay-out first week in Oct. I sense you are backing tracking in this recent post and your mention of looking at Summer of 2017. What gives?] We’ve never said it would occur in 2017. THEY DID...it could go into October, November, December and even 2017……maybe 2018, 2019. But, we JUST DON’T THINK SO, AT ALL…..we’ve been saying the last week of SEPTEMBER - 1ST week of OCTOBER exchange, since January of this year, FOR A REASON. ...we think there will be much more clarity soon, in the popular & familiar words of Iraq: “In the Coming Days”. These things are NEVER broadcasted ahead of time, friends...You have a BIG advantage, and are ahead of the game, just by being here on this site, and soaking up all the information...ALL OF IT. You have a Front Row Seat.
9-19-2016 Intel Guru ADMINBILL ONCE AGAIN MONDAY MORNING FINDS THE SS DINAR BECALMED AT SEA. BUT, NOT TO WORRY, THERE ARE HIGH WINDS AND FOLLOWING SEAS IN THE FORECAST AS YOU SAIL TO YOUR DESTINATION. YOUR AROUND THE WORLD CRUISE HAS TAKEN FAR LONGER THAN IMAGINED DUE TO UNSCHEDULED PORT VISITS AND BREAKDOWNS AT SEA BUT IT APPEARS YOUR BOAT IS FULLY SEAWORTHY AND SET TO END YOUR LONG CRUISE AT LAST... PROVIDED THE WEATHER CONTINUES TO HOLD.
9-19-2016 Newshound Guru rcookie Article: "Abadi will meet on the sidelines of the General Assembly meetings of Obama and a number of prominent leaders and the heads of the world" Quote: "...the prime minister left for New York City to attend the annual meetings of the General Assembly of the United Nations, pointing out that Iraq Abadi, will deliver a speech during the meetings of the General Assembly..."
9-19-2016 Newshound/Intel Guru BGG [I believe they need to tweak the Investment Law still...any thoughts on that and any other pertinent things they need to get done?] I think they are close on that... I doubt the HCL is all that important... the reason Maliki keeps bringing it up - he feels like, if he can make it a leading issue, it is divissive enough to keep everyone arguing for years. He would be "safe in the chaos" for a long time. Not gonna' happen.
9-19-2016 Intel/Newshound Guru Backdoc REMEMBER, IRAN SAID, THEIR FOREX VALUE WOULD MEET ITS REALITY VALUE IN OCTOBER SO WE ARE EXTREMELY, EXTREMELY CLOSE. ITS SHIA BROTHER [IRAQ] WILL LEAD THE WAY. THE REALITY VALUE WILL BE DIGITAL ON THE IEX. I'M SURE DR. S [SHABIBI] HAS HIS TRIGGER MAN PRACTICING FOR THE GLOBAL RELEASE BUTTON! THIS IS REALLY GETTING TO THE EXCITING PART OF THIS REALITY. [post 2 of 2]
9-19-2016 Intel/Newshound Guru Backdoc IT APPEARS THAT THE BUDGET WAS LAUNCHED ON THE 8TH AS ALL IMPORTANT THINGS ARE. ALTHOUGH ACTION NEEDS TO BE TAKEN IN 10 DAYS, IRAQ HAS DONE ALL THEY CAN DO UNTIL PERMISSION IS GRANTED BY THE U.S.T.! ABADI WILL GET THAT MONDAY. I'M VERY OPTIMISTIC THAT BY FRIDAY WE WILL SEE SOMETHING SPECIAL ON THE IEX, IF IT IS ALLOWED TO TRADE. DON'T LOOK FOR THIS ON THE FOREX, IT WILL BE ON THE IEX. SO UNTIL THE IEX TRADES, I BELIEVE WE ALL WAIT. [post 1 of 2....stay tuned]
9-19-2016 Intel Guru Bluwolf Ok folks, nothing has changed, all seems to be intact and that is good....both the GCR and RV'S are on a specific timer (it has a day and a time). So we still need to wait till this timer runs out...
9-19-2016 Newshound/Intel Guru BGG [ i been seeing the word exchange rate in alot of articles recently, if that has anything to do with anything gearing up for something?] Long story short...it is OBVIOUSLY on their minds. TOTALLY AGREED!! SOMETHING IS UP!!
9-19-2016 Intel Guru Dr. Clarke It is our belief and opinion, that the Iraq Dinar and the Vietnam Dong, will both, significantly increase their “in-country” rate and their “out-country” exchange rates, relatively close in time, to one another, with a very high probability of happening at the exact, same time. ...VN’s been ready for quite some time & wanted to move, but advised to “sit a little longer”...Iraq has (behind the scenes & quietly) moved quickly on a few things, and ISIS (Security) is where they want it (and a few other things), Iraq can move - and with VN, as well. This next 8 DAYS is what we’ve been looking at ALL YEAR, according to “Plan”, SINCE JANUARY...If something snags this week, we’ll know it by OCT. 1...but until then, everything is set to move. Our eyes are fixed squarely on the last week of SEPTEMBER...