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7-26-2014 Newshound Guru Tlar [Are you expecting this to go to the federal court?] Not sure yet if that will be necessary but it could come done to a legal definition. It is not over until it is over meaning a new PM nominee that is acceptable to all. This issue "largest block" is a contentious issue and I don't see it resolved yet until either the courts make a ruling or the SOL has enough defections come over to the coalition as to effectively change the dynamic within the NA to allow for the coalition to present its nominee. That is why this may end up in the courts whether they like it or not. I hope I am wrong but if the SOL has the legal right to call the nominee, this won't be over for months if this year at all. [post 2 of 2]
7-26-2014 Newshound Guru Tlar Article quote: "...the swearing began talks on forming the next government amid controversy over naming the largest parliamentary bloc." it comes down to this. Who's interpretation will the courts go with and what determines the biggest block. Maliki's interpretation or the coalition (Jubuori). Jubouri says it is whoever has the most MP'S on the day they vote and Maliki continues to insist he won the election and they are the owners. Let me simplify. Jubouri will win this argument in the court if they will hear the case and make a ruling and when they come to that conclusion through the courts, the coalition will by pass the SOL altogether. The SOL as a political party will have committed suicide and will become irrelevant altogether maybe even no longer existing as a major party. Constitutional interpretation will determine how this ends. Very nice job Jubouri. [post 1 of 2....stay tuned]
7-26-2014 Intel Guru EXOGEN The prime minister is already in place. Just like the Kurdistan BUDGET is COMPLETED! See the new President in IRAQ will make the announcement of the NEW Prime Minister. That is why it was so important to get the President seated for the process to WORK. Most Iraq news articles are DAYS old. Our contacts in Iraq get us information before it becomes an ARTICLE. And if you do not have global FINANCIAL contacts you will not get what is going on with the BANKING side. Just like the 15 countries who just TRADED and used IQD 48 hours ago to save their ECONOMY or SEE rates on BANK Screens in REAL Time. WHERE ARE WE? DAYS LEFT!!
7-26-2014 Newshound/Intel Guru Arthur The constitution stipulates they now have 15 days from Thursday to name their PM. This morning Grand Ayatollah Sistani said in no uncertain terms that Maliki must go one way or another for Iraq to remain within the specific time constraints of the constitution. Their recent TV newscast have consistently reported to their citizens that the security threat is diminishing and the newly formed special committees will immediately ratify a budget in conjunction with the necessary laws to allow the CBI to initiate the necessary economic reforms up to and including the deletion of the zeros otherwise known as the revaluation of the Iraqi dinar. Based on newly acquired top level intel the new confirmed window for the CE/IR/RI/RV is Monday July 28th thru Friday Aug. 8th. [post 2of 2]
7-26-2014 Newshound/Intel Guru Arthur There is absolutely no delay or holdup whatsoever. Things are going exactly according to the specific time constraints as outlined by the PTB via Kerry and Biden weeks ago. We are still well within the parameters set by the AOP. We are actually 6 days ahead of schedule. All of the major players in Iraq, the United States and Britain are ecstatic about the speed and efficiency of the political and economic progress of the newly formed government. The Maliki problem was dealt with by Jabouri and McGurk in a meeting with Hakim and Sadr the results of which will be announced shortly. They are also dealing with a major ISIS offensive which is being squashed in real by the PTB special ops. [post 1 of 2....stay tuned]
7-26-2014 Intel Guru TNT Tony [via Adept1] Speaker has been announced publicly, and the President as well. All the positions have been selected, and it just hasn’t been made public for the PM. That means we only need one more person before we get the RV. I don’t think it will take months for that to happen. We feel good with everything we’re hearing over there and over here. We’ve heard several people say they want this to go to the 1st of January. As far as I know, almost everyone wants to get this done right now. [As far as dinar and dong go, you don’t think it will go past October?] I don’t think it’s going to go past this month! Are there people still trying to drag it out? Yes, but right now we are looking good. We hope this is the great weekend you’ve been looking for the last ten years.
7-26-2014 Intel Guru DC [via Adept1] In Iraq...everybody is happy there is a President and Speaker of the Parliament. The PM is selected but not public. The ISIS continues to be routed, and normal political stability is actually working. Everyone is ready, announcements have been made about announcements, and recordings have been done. They are just waiting for those to go out for the RV notices. Many organizations are physically represented in Iraq now, helping out with various issues including the RV. It’s really hot in Baghdad right now! In DC the IMF is ready and coordinating timing on this event. Once the PM is announced, it will be really hard to stop this thing from happening. [Is dong going to have a contract rate?] They are definitely giving a a contract rate for the dong; There are two contract rates for the dong...we just don’t know how prolific it will be. [ Do you think they will announce the PM in the next couple of days?] They have planned the celebration to do that now, but it does have to be coordinated through the IMF and others because the announcement and RV are supposed to occur at the same time.
Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
7-25-2014 Intel/Newshound Guru Tlar I am convinced with the people I know who are participating that this is a real thing happening behind the scene, all across the country either being organized by the bank itself or the Treasury. It can no longer be kept quiet because it has taken so long people like me with loose lips are beginning to get the word out. This is a behind the scene deal done at a whole different level that the branches who most likely have no knowledge of it being done. So don't walk in to a bank with this story or you will get a blank stare. If it was someone else telling me this story, I don't think I would believe it either. So I understand everyone's skepticism. No problem…My expectations are that the actual buyout is not this Friday, but we are close. [Post 4 of 4 ]
7-25-2014 Intel/Newshound Guru Tlar …With a push of a button and a quick phone call, the buy is accomplished without a visit to the bank. Plus there is no negotiation for the bank because everybody who has already pre-agreed to sell their dinar somewhere between 3 and 4 dollars and the bank can charge them full fees… fees of 5% or more is a boat load of money the bank will make on this. I see them trying to lock in the business. [Post 3 of 4 Stay tuned for the rest of the story]
7-25-2014 Intel/newshound Guru Frank26: … We feel the IR ( International Rate) is ready ...Been ready ...But there is No One to delivery it to. LOOK ..... STUDY Turki's FIRST sentence in this article. Grasp the understandings under which conditions/parameters Turki WILL lift the 000's. The Steps we are seeing right NOW are the vital signs to an IR. 02/05/2014 12:04 BAGHDAD: The governor of the central bank and agency Abdel Basset Turki, saidFriday that the project raise zeros from the Iraqi currency will not be applied, except in the case of the stability of political and economic situation of the country, denying the issuance of a new decision of the Bank in this regard. said Turkish for "tomorrow Press "...
7-25-2014 Intel/Newshound Guru Tlar …I personally talked to the guy and he was no starry eyed dummy. So I called my contact who would not give me the rate but said he knew the rate. I told him it was $3.71 and he asked me who it was I heard that from…He was absolutely astonished that I knew the rate but he confirmed it, $3.71. ...So putting everything together I have come to two conclusions. These banks stories we have been hearing…probably have some substance to them. But the fact that most are reporting that the bank is offering between 3 and 4 bucks with no guarantees as to fees or costs, and people can't wait to jump in. It makes sense to me because it removes those people from showing up at the bank with thousands of other people on d-day waiting to be cashed out…[Post 2 of 4 stay tuned for the rest of the story]
7-25-2014 Intel/Newshound Guru Tlar I have always thought it [rate] would be 1.16 or .86 cents. I am as baffled…because it is much higher than I have ever thought. I even went through the thinking process of how they could justify the 86 cents. But I have now heard from too many people with dinars at banks waiting on being funded between $3.00 to $4.00 and one person …knows the guy who will sign off on the buy from B of A once they get the ok from the Treasury. ...another person, a twenty year friend…was having a lunch with a business associate and they started talking dinars for the very first time. My friend is a retired CFO of a company here in Dallas. His friend, another accountant type, told him he was in a group that had deposited their dinars (over a billion) with another major bank and was expecting to be cashed out today at $3.71. I personally talked to the guy... [Post 1 of ??? stay tuned for the rest of the story]
7-25-2014 Newshound Guru Millionday [they seem to be getting on with so much, ports, banking etc but when do you think they will get to the point where they can't do anymore without rving?] they claim to be activating the economic reform and that includes the monetary reform...the timeline is up to them but they certainly are preparing with the passage of many laws and the market as we have seen. this is not a bad time to be following the news to say the least.
7-25-2014 Intel Guru Mnt Goat I checked in with my CBI contact too today and all is ready to rollout the final parts of the international rates to the world. They are just waiting for the “go ahead” from the USA UST and the UN. The current outgoing GOI no longer has any influence. However they would like the NEW PM to sign off on it when seated. So I think these are all good signs that we are very close. I do not believe we will see any RV this weekend. [post 2 of 2]
7-25-2014 Intel Guru Mnt Goat The next session date announced by Al- Jabouri yesterday simply stated the adjournment of parliament is until August 5th. He did not mention that they would be voting on the prime minister at that time. This leads me to believe strongly that he intends to call in another session prior to August 5th if and when they get all to agree on the candidates for prime minister. I think the Aug 5th date is just the farthest out target date being that it is just 3 days from the 15 day constitutional limitation. This also leads me to believe that in fact, as of today, this is not a done deal...The RV is not going to happen this weekend! [post 1 of 2....stay tuned]
7-25-2014 Intel Guru Delta THE STATE DEPARTMENT AND WASHINGTON TIMES ARE WRONG!!! MALIKI WILL WIN IT AGAIN... I WILL BET STATE DEPARTMENT ALL MY DINARS. WE SHOULD KNOW ABOUT PM NO LATER THAN 08/09.
7-25-2014 Newshound Guru Millionday Article: "news agency "Reuters" Thursday 24 \ 7 \ 2014 data from the satellites tracking the movements of ships, showed that a tanker carrying crude oil from the Kurdistan region after only two days of access to the port in the United States." Quote: " Carlos Pascual, head of the Office of Energy of the U.S. Department of State, told Reuters, that "there is no change in Washington's policy toward the Kurdish independent oil sales..." IF THE US IS AGAINST THE KURDS GOING AGAINST THE RULES OF THE CONSTITUTION AND THE FED GOV ON OIL -- THE HCL MUST BE ON THE WAY, IMO.
7-25-2014 Newshound Guru Tlar The PM position is a tricky one to resolve. Nobody envisioned that the SOL leadership would still be backing M [Maliki] by this point. Everybody has tried to get him to quit yet he hangs on. He just tried to get the courts to declare the SOL as the largest block. It is not. Also they are still meeting. The news coverage makes it sound like they have adjourned because that's the way Jubouri wants it. You can forget the August 5th date. That also is there as a backstop date and as soon as this issue is resolved, they will call for the nominee and vote. This should be over before August 5th. I have some pretty strong evidence IMO to support my view that the rate will be on the upper side of $3.50. We need a budget and a PM and an RV, period. All three are within sight and are being done while we watch. We are so very close. IMO it would take some extraordinary unforeseen event to stop this at this point. This has been well planned out. We are seeing the finish of this investment everyday now.
7-25-2014 Newshound Guru Administrator Bob Over the last several days dinar or banking articles have begun to surface indicating that once again economic experts are pushing for reform. As well, parliament elected the President of Iraq which sets a timetable of 30 days or less to chose the next Prime Minister.
7-24-2014 Intel Guru Blaino We still hear the supporting events that will usher in the gcr, re-val, etc., could develop within the coming week! Apparently, the currency speculators among us may have reason to be truly excited from what we are hearing. Some are saying that the completion of the seating of the new government and officials are the final pieces to the puzzle that will usher in the new Iraq, including its position as the country with the highest asset backed currency value on the planet. Some of our intel purports a sooner rather than later stance...
7-24-2014 Intel Guru EXOGEN Based on Iraq Constitution they have 15 days, but we seriously doubt it will go that far because everything is completed already behind the scenes. NONE OF OUR INTEL CONTACTS HAVE SAID IT WILL GO ANOTHER 15 DAYS.
7-24-2014 Intel Guru Okie_Oil_Man review my post as of yesterday. I am going through my pre-landing check list as i speak.--will post more later...
7-24-2014 Newshound Guru tlm724 Article: "Formation of a committee to resolve the budget in 2014" noting that the committee is required to submit its report on the budget within two weeks from the date of its formation ...*hallelujah* I like seeing Jubouri putting time limits on things! He is cracking the whip!
7-24-2014 Newshound/Intel Guru BGG Article: "Alsumaria News / Baghdad Voice of Iraqi Council of Representatives, on Thursday, on the choice of MP Fuad Masum, president of the Republic of Iraq by a majority vote of those present..." this is REALLY looking good. Jubouri has this thing in high gear...the Aug 5th date is for vice-Presidents (to Masum) then PM is sometime after that.
7-24-2014 Newshound Guru Adam Montana [Iraq waited too long to RV didn't they?] I don't believe so at all. In fact, the opposite - if they had RV'd too soon they could have severely sabotaged their ability to maintain the new rate, and that wouldn't have been good for anyone.
7-24-2014 Newshound Guru Stryker After a long day in Parliament Iraq has a new President and his name is Fuad Masum, a well respected Kurd with the vision of a National Non Sectarian Unity for Iraq. Article Quote: "the constitutional period to choose a prime minister is 15 days after the selection of the president." 15 Days Now To See A New Prime Minister...Now the Speaker of the House of Representatives calls on the new elected President to announce the largest bloc and for them to assign their nominee for Prime Minister. Parliament will reconvene on the 5th of August to vote in a new Prime Minister. We are now down to days and not months, when we see a new government formed completely that will implement many changes in Iraq. With the right GOI I believe Turki will finally be able to launch the project that will change the lives of many in the world.
7-24-2014 Intel Guru Mnt Goat I also believe, and so I am also hearing from my sources, that the budget passing and opening must coincide with the prime minister being seated and with all his cabinet. Remember the RV does not depend on the budget but the budget needs the RV when opened...technically the budget must coincide or come later than the RV. However I do not think they want to delay the budget anymore than they have to and so they are also trying desperately to coincide the two events. This is why we are hearing now the great rush to get the budget passed... I want to emphasize once again this final announcement of the IQD going international will not happen until the USA feels the Iraq government is stable, non-sectarian and is a functional government. This is has been the plan all along. [post 2 of 2]
7-24-2014 Intel Guru Mnt Goat Voting for the new Iraq president is now done and that makes two out of the three presidents now seated. Fuad Masum wins the post of President of the Republic of Iraq. We now await for the speaker to announce the next session when they will vote for the new PM. When this occurs, and if successful, we will be in an excellent window to finally see the international rollout of the IQD. The question I have now is – What is the new target date for voting on the new prime minister? [post 1 of 2....stay tuned]
7-24-2014 Newshound Guru Tlar a vote was taken in parliament and the Kurdish nominee, Faud Masum was elected to be President of Iraq. They are in the process now of electing his VP's, a Shia and a Sunni, and then by law he has 15 days to nominate the Prime Minister position. In reality that should not take 15 days as the deal for Prime Minister is kind of like the deal was for the Presidency in the coalition. It is more likely he will nominate the PM position late today or tomorrow. Jubouri is pushing this along very quickly. No word yet as I write this whether Maliki has officially resigned. Also no word on the budget as of yet... Its all good and just as we had hoped for...this will be over soon. I personally think parliament will reconvene before August 5th but that is just a guess and I know it goes against logic seeing as how the parliament has officially adjourned until then. There is still work to be done.
7-24-2014 Intel Guru Mnt Goat From my perspective everything now in the election process has settled down and we are seeing real progress and its all on track. Remember that technically the IQD has already revaluated in- country and we are just waiting for the final rollout to the international financial sector. The CBI has stated many times that they fully intend to complete the rollout process in the coming weeks and so I believe this is their intent and I see no reason now (with more and more stability in Iraq everyday) that this would not happen according to their new plan. Iraq can not move forward in all the required financial sectors of the international community with the lowest artificial currency rate they have had in 50 years. Things can now move forward quickly and will. [post 2 of 2]
7-24-2014 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 tomorrow 7/24, as advertised. They will then tell us the date for the next session to vote on the prime minister. 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 around the first week in August. I strongly believe they will have a vote in the next session which will be a week from today 7/23 and not have to wait till August. The PM will be seated at that time. [post 1 of 2....stay tuned]
7-24-2014 Newshound Guru Tlar Parliament did not waste the time though because Jubouri went right to work on the budget setting up committees to make sure it is ready quickly. He became my hero today...he has only been in office since last Sunday and he is pushing everything along as fast as humanly possible given all the roadblocks Maliki and the SOL keep throwing at him. Of other note it appears Maliki has finally resigned per an article that came out late today... We are attempting to get verification from other sources but it looks to me as he finally is out of the picture. Things are going very well and it is even expected that the nominees for PM will be introduced tomorrow [Thursday] by the new President. Things are moving very quickly. I am keeping my fingers crossed that this is almost over. [post 2 of 2]
7-24-2014 Newshound Guru Tlar Jubouri postponed the introduction of President Nominees and the vote on the vote 24 hours. He did this because the Kurds had 2 nominees and Jubouri did not want to see the potential for a screw up in votes. Jubouri not wanting to take that chance, postponed the vote 24 hours with instructions to the Kurds to come back with a single nominee. So this afternoon the Kurdish block voted by themselves in secret ballot to choose a nominee that represents all Kurds as the nominee for president. Smart move by Jubouri. The Kurds are now prepared and they can have the vote in parliament tomorrow assuring that the SOL's nominees will loose and the Kurdish nominee will get the PM job. [post 1 of 2....stay tuned]
7-23-2014 Intel Guru Okie_Oil_Man HOPE THE INFORMATION FURNISHED ME JUST LATELY IS ACCURATE. I AM ONLY A MESSENGER.--INFORMATION STATED TOMORROW OUR BLESSING SHOULD APPEAR...I HAVE RECEIVED SO MANY FALSE SCARES PREVIOUSLY THAT IT IS HARD FOR ME TO ACCEPT REALITY WHEN IT IS PRESENTED TO ME. AS OF RIGHT NOW I AM VERY THANKFUL AND ANTICIPATE TOMORROW AND WILL RECEIVE GRATEFULLY OUR BLESSING. AS ALWAYS----TIME WILL PROVE INTEL---
7-23-2014 Newshound Guru Stryker The Speaker of the House gives the Kurds 24 hours to pick one candidate for President. Parliament's 5 session will be held tomorrow to vote in A new Iraqi President. The Speaker of the House votes on a temporary committee to pass the 2014 Budget.
7-23-2014 Newshound Guru Chattels Article: "Parliament forms committee to speed up endorsing Budget Law Wednesday, 23 July 2014 20:59 Baghdad (AIN) -Parliament approved forming a committee to speed up the ratification of the budget law draft. Parliamentary source said to AIN "The parliament has voted on a proposal to form a committee to follow up the endorsement of the budget." it is the first article that i have seen confirming that a committee has been formed. [When is the deadline to chose a POR and/or PM?] there is some talk of a deadline for the Presidency on tomorrow and the PM 15 days thereafter.
7-23-2014 Intel Guru Tony [via Adept1] They said they would announce the President this morning and now they are saying they will do it on Thursday or Friday. They are announcing that on the news. Yesterday they said there was a new PM, but didn’t say who it is. This morning they went in to take the Parliament vote; it was delayed two hours. We are waiting for the results now. Obviously things are great and we’re excited where they are. We are hearing nothing but good information at this time. There is a plan and everyone is happy with the plan. They are determining the timeframe with a few tweaks to make this happen.
7-23-2014 Intel/Newshound Guru Poppy3 MEETING TODAY IN GREEN ZONE OF BAGDAD DID NOT CLOSE TILL AFTER 9PM THIS EVENING. THEY CONTINUED AFTER THE OFFICIAL MEETING WAS OFFICIALLY CLOSED AT 4:30 PM. THEY ARE THERE TO MAKE AGREEMENTS AND MOVE FORWARD IN AGREEMENT WITH WHAT WILL BE DONE TOMORROW...THIS IS AWESOME AND IS ALL POSITIVE. ... I USUALLY DON'T GET THE INFORMATION TILL LATER IN THE AFTERNOON BUT THE SOURCE THOUGHT THIS WAS VERY TELLING THAT THEY WERE ALL STILL BEHIND CLOSED DOORS. THE COMPLETION OF THE GOI MAY BE OVER AS SOON AS TOMORROW. THEY ARE MAKING PROGRESS AND PUSHING FORWARD, WOW... BE READY FOR THE END OF THE MONTH.
7-23-2014 Intel Guru DC [via Adept1] There was a bad bombing in Baghdad and that delayed Parliament, but we should still get some announcements today. Parliament, CBI, border security are all ready. Maliki is physically in Iraq, and would like the honor of doing the RV announcement, but will probably not get PM or anything else, so he is pushing on issues relating to the announcement. The CBI is connected to all the banking systems, and everything is ready in Iraq. They are just waiting on announcement times. The UN Security Council is happy with all the people selected, like they were last week as well. In DC, everyone is ready at the IMF and the UST... Everything is nicely tuned up and waiting on the announcement of the RV and the Presidency and PM. They should occur at the same time or close to it. There are official plans ready to be implemented, and we just have to see how those turn out.
7-23-2014 Newshound Guru Adam Montana To further address the issue of moving forward in picking a PM, forming government, and just general progress - Ban Ki-moon (United Nations Secretary General) will be in Baghdad tomorrow. While we obviously don't have an RV yet, the big picture remains one of progress and resilience. As we approach the end of Ramadan and we continue to see positive action in Parliament/GOI/etc, I continue to stay hopeful that we're on the edge of something big, and soon. [post 2 of 2]
7-23-2014 Newshound Guru Adam Montana Forward motion on the budget, which says to me that in spite of the issues with ISIS and lack of a chosen PM, Iraq is still moving in the right direction. One of the questions I'm getting a LOT is "Do they even have to ever pick a new PM?!" I guess they don't have to make any kind of decision, but they are moving forward with the process and it's on pace to be done around the end of the month, which is also right in line with end of Ramadan. [post 1 of 2....stay tuned]
7-23-2014 Newshound/Intel Guru BGG To review: Parliament has been sworn in. There is a new Parliament, there is a new functioning government. They have taken some positive steps & they may move farther than anyone believes tomorrow [Wednesday] or shortly after. I believe Maliki had the 100 people nominate themselves for the President of the Republic to somehow game the system and if you have to resort to "game the system" tactics then you are not in very good shape. They are doing a secret balloting and it is critical to the process. I think this is how they will get rid of Maliki. They don't want anyone being intimidated. I am very encouraged. We are in the waiting mode right now. We are waiting for the President of the Republic & soon after the PM nominations. Once the POR and the PM are seated we should see economic reform and currency reform shortly after.
7-23-2014 Newshound Guru wmawhite ...it is not that the rate is in the budget...instead, the status of the IQD has to change in order for the budget to be effective.
7-23-2014 Newshound Guru Kaperoni Article: "Parliament will vote on the four candidates for prime minister" This is the time when Maliki is at his best. Some of these new MPs will get a cash gift tonight. Or, some of the MPs will be told their wifes and children could be missing tomorrow. Having a vote in parliament that includes Maliki's name is not a good thing. Where something can go wrong it usually does.
7-23-2014 Intel/Newshound Guru Poppy3 THERE MAY BE TIME ISSUES BUT WE ARE IN THE FINAL STRETCH OF OUR WAIT...THE NEWS TONIGHT SAID...THINGS HAVE BEEN AGREED ON FOR TOMORROW [WEDNESDAY]. IT WILL BE A VERY ACCOMPLISHED NEWS. GET READY FOR TOMORROWS GREAT NEWS...HUGE STEPS WILL HAPPEN TOMORROW.
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.
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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