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10-4-2015 Newshound Guru Kaperoni Article quote: "Rafidain Bank expressed readiness to cover documentary remittance and emerging companies and traders who import goods from outside Iraq." ...this is really the same thing as what the CBI instituted back in March. Rather than purchasing foreign exchange through the auctions, merchants use these remittances through their bank (in this case the Rafidain) to do the currency conversion and payment for imports. This method provides the most secure method and justifies the exchange of foreign currency (know your customer). The end result is a reduction of criminal activities such as money laundering and hopefully reduces the demand on the CBI's reserves.
10-4-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced its readiness to cover documentary remittance and emerging companies and traders who import goods from outside Iraq." THIS IS HUGE AND IS THE BEGINNING OF A MARKET ECONOMY -- TRADE -- DOCUMENTARY REMITTANCE. THIS IS A HUGE STEP TO ACTIVATE THE ECONOMY WHICH GOES WITH THE PRIVATE SECTOR -- INVESTORS ETC. THIS IS THE ANNOUNCEMENT THEY ARE READY -- NOT PREPARING. VERY GOOD NEWS.
10-3-2015 Newshound Guru Kaperoni Article quote: "the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs." Looks like last Tuesday or Wednesday they met and reviewed or made changed (second amendment) of the Investment Law. And now a meeting is scheduled for tomorrow to see it its ready to go to a vote or not.
10-3-2015 Intel/Newshound Guru Mnt Goat Article quote: "The Central Bank serves development and creates an appropriate environment through monetary and economic stability, the Central Bank's reserves is to support exchange rate stability and to economic stability..." Dr Shabibi has been very quit for a very long time. So why now does he decide to speak out? I believe it is because he feels safe and less threatened by the goons of the past Maliki administration. The atmosphere is the government is slowly changing. He feels the Abadi administration is different and is making real reforms to create the political stability he needs to operate so now they can realistically address the monetary and fiscal policies needed to bring Iraq out of this economic crisis. So I have been saying all along and emphasizing that the CBI needs STABILITY prior to any RV.
10-3-2015 Newshound Guru Aggiedad77 Have been sitting here...contemplating the news...though it may not be telling us much...it still appears to be showing how things are being done in lightening speed within Iraq at the moment... First Dr. S [Shabibi]...found the fortitude to speak out against his nemesis, Maliki. Now we see PM Abadi doing much the same thing but on a more "global" scale asking for help, but at the same time ...telling the world...we aren't going to play political favorites while we fight terrorism. Abadi is saying...we've had enough of the games, it is time to get serious... They need time...time to get the LAWS working for them....time to deal with security and terrorists....time to make things safe to spring forward to their next level...the BEST is yet to come and you don't know how incredibly true that is becoming.
10-3-2015 Newshound Guru Millionday “...text of the draft of the National Guard, which was approved by the President of the Republic Act based on the provisions of subsection (I) of Article (61) and Forever (Third) of Article (73) of the Constitution. This law was initiated due to security circumstances through which Iraq is due to exposure to terrorist attack...” APPROVED BY EXECUTIVE ORDER...IT MEANS EXECUTIVE POWER WAS USED DUE TO DIRE NEED IN COUNTRY. HOWEVER -- THE CONSTITUTIONAL ARTICLES ARE NOT RIGHT BUT -- HE DOES HAVE POWER FOR THE GOOD OF THE COUNTRY --- SO WE WILL SEE WHAT ELSE COMES OUT TO VERIFY THIS REPORT. THINGS ARE MOVING FAST RIGHT NOW -- SO OBVIOUSLY IT IS VERY INTERESTING TO SAY THE LEAST.
10-3-2015 Newshound Guru Chattels The Three Presidency Law has nothing to do with Maliki's position as VP...Maliki has appealed the Abadi "decree" eliminating his position...Allawi also. And both continue to "act" as VP's according to the news reports. Maliki's immunity is not absolute anyway.
10-3-2015 Newshound Guru sczin11 If the Parliament site in Iraq is accurate regarding the reading of laws and their dates respectively, there are 2 TWO readings and a Vote! Not 3 as some try and preach! As far as the AML- it was passed by HOR mid sept - from there stops by COM for final approval on way to POR for ratification, before hitting the press - the official gazette! As of a few days ago, it was stated the need to go back to com for final approval, SO based on current ink, I would say it is NOT in the gazette...
10-3-2015 Intel/Newshound Guru Mnt Goat Progress of Reform Laws: 1) Islamic Banking Act, passed by the House of Representatives at its meeting on Thursday 10/1. 2) second reading of the Law of the Three Presidencies. I believe this law is not needed for RV but surely puts more nails in the political future of Maliki in Iraq. It does add to the political stability of Iraq. We have already seen the Parties Law passed in parliament in mid August and I feel this presidencies law goes hand in hand with it. 3)We are told that the Investment Law also is done but we still await the formal announcement (much needed for the RV). 4)We still wait for the National Guard, Amnesty and Accountability and Justice laws (high priority and critical prior to any RV)
10-3-2015 Newshound Guru Millionday Article quote: "the Second Amendment to the Iraqi investment law has been completed once and for all, after included several paragraphs..." NOTE -- HAS BEEN COMPLETED ONCE AND FOR ALL -- WHOOPOW. THIS IS FOR ALLOCATIONS AND DOMESTIC AND FOREIGN INVESTMENTS. SO NOW THEY WANT TO PASS IT AS FAST AS POSSIBLE...A THUMBS UP FROM UN AND A RUSH ON IMPLEMENTATION...
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10-2-2015 Intel/Newshound Guru tman23 IMO...They are holding back the investment law for timing purposes that are tied to certain focal points... those point can be several items...I believe they are tied to what the conference agrees upon (post 2015 conference) 10/1 - 10/5 ...and an announcement by the IMF on 10/6... Have not heard a word on the bond sale...and it won't until the "investment law" is voted in... Budget goes to Parliament by 10/11...so we have 5 days - 10 days...to see 2 events roll together. Just remember...it has been said by several parties that there is no opposition to the investment law...it has been read twice and is ready for vote...they just keep delaying it after announcing they will be voting on it. IMO...IT IS THAT BIG OF A DEAL!!!
10-2-2015 Intel/Newshound Guru Mnt Goat Earlier this week it was announced that the USA...agreed to lead a coalition against ISIS in Iraq and Syria only if Iraq gave them what they wanted. This came out of the recent UN summit in NYC USA. What does the USA want in return? The USA wants the National Guard, Amnesty and Accountability and Justice laws passed in parliament and implemented. Also the soldiers need immunity (not amnesty as some say.) Abadi agreed to these conditions. So this also tells us how closely tied and interconnected these three laws are. Now the pressure is on for Iraq to make good on these terms and finally get these laws passed and implemented in parliament. So out pops an article in the news yesterday that Jubouri confirms its full support to all initiatives aimed at achieving a COMPREHENSIVE RECONCILIATION meaning passing the last remaining reform laws for this effort.
10-2-2015 Newshound/Intel Guru BGG I think very, very soon after Maliki is dealt with - things will move quickly.
10-2-2015 Intel/Newshound Guru Poppy3 ...THE DEADLINES ARE BEING MET ONE DAY AT A TIME. WHILE WE ARE NOT PRIVY TO THEIR COMPLETE LIST OF STEPS TO BE MET IT IS OBVIOUS THEY ARE NOT STAYING STATUS QUO... THEY (ALAWI) AND CREW ARE DETERMINED TO COMPLETE SATISFACTION TO THE WORLD BANK AND IMF AND HIS POWER OVER THE CBI WILL BE ENHANCED TREMENDOUSLY WITH ONE MORE DAY OF PROGRESS IF THEY GET ALL THE VOTES COMPLETED. RUMOR...IS THERE ARE STILL 9 MORE ARTICLES OF LAW THAT WILL ALL BE IN A GROUP VOTE AT ONE TIME, LETS HOPE THIS RUMOR IS TRUE AND THEY CARRY THIS VOTE OUT THIS WEEK. HOLD ON IT GETTING VERY INTERESTING AND WE ARE GETTING DIRECT POSITIVE ACTIONS.
10-2-2015 Newshound Guru Aggiedad77 Article: "Central Bank allocates billion dollars for the development of the bank sector" The CBI is offering $1 billion dollars to the government banks to work on improving their infrastructure...we have a serious need for you to look like world class banks soon...put it to good use and get your houses in order so that we can show the world we are first class operators when it comes to the banking environment...and again yet another mention of...LAWS...get them done especially those that impact the Banking Law...don't let grass grow under your feet...we have a renewed urgency...from on high this demand comes from...make it happen...NOW.
10-2-2015 Intel/Newshound Guru Mnt Goat It has been a good week but somewhat quite in comparison to the waves of news in recent past weeks. Could this be the calm before the storm? I believe it was the result of the Eid holiday and the fact that there was a delegation from Iraq in USA NYC attending the UN summit meetings all week. They are now back in country and so we should expect to see the spigot of news break soon once again. ... Iraq is not there yet. I am beginning to get excited since I do see the end to this saga coming up soon. ...today Sadar has called for a million citizens to peacefully march in the streets today Friday once again in protest for more SPEEDY reforms and to finally prosecute HIGH LEVEL OFFICIALS who were responsible. So we are seeing much support and pressure from the highest religious authorities in Iraq. When will they finally prosecute Maliki? You can see now the pressure is building from all sides.
10-2-2015 Intel Guru Frank26 [Ive been seeing numerous postings about the rate needing to come first before the laws, so...Could it be that these Laws, "Have Already been funded"?] how can the laws come before the rate. LAWS that we have begged for are ALIVE and well. They too are good soldiers attending to their post and READY for ACTION...AND LAWS do not need funding...They need WORDS. Then these WORDS activate The Funding once DRS lifts 1...2...or 3 ZEROS.
10-2-2015 Newshound Guru Kaperoni Article quote: "the Committee of Economy and Investment Authority hold on Sunday a consultative meeting for the purpose of Search Investment Law and the addition of some paragraphs." "did not specify until now date to vote on the investment law." Apparently they have a date to vote on it..but its not stated in the article.
10-2-2015 Newshound/Intel Guru BGG This is the whole ball game right here...supposedly they did the 2nd reading of the Law of the 3 Presidensies. As I understand it, that will take care of Maliki. So, they are within a 3rd reading and a vote and once they do Maliki has no immunity, if I understand correctly the way that is laid out. By the way, the only October 1st deadline was the Anti Money Laundering Law set forth by the World Bank and the IMF and they met that deadline early. Some say it was published in the gazette...not sure if that is true. There is no other deadline...they did what they were to do. Stop and think, they have never met a deadline before...so for what ever reason that meant something to them. Also, as soon as Abadi got back from New York he issued new orders and directives. He is walking like he is a man on a mission. That in concert with everything else going on this is very good news.
10-2-2015 Newshound Guru Aggiedad77 "The Government of the Republic of Iraq and the Government of the State of Kuwait Article 1 of the Republic of Iraq to ratify an agreement on trade cooperation between the Government of the Republic of Iraq and the Government of the State of Kuwait" Remember TRADE is a vital blood line for any country and for these two, Kuwait and Iraq, to be opening doors with each other in this fashion is speaking so very LOUDLY...more of the good life to come...they are setting up some very good measures to bring about great growth for the proper time.
10-2-2015 Newshound Guru firefly The ONLY law the WB and IMF was insisted on being done prior to Oct 1st was the...Anti Money Laundering Law...which was done AND published in the official gazette on Sept 16th. I believe that is the cornerstone to EVERYTHING else being implemented...the AML was imperative, especially for the border tariffs. Investment law not required but needed.
10-2-2015 Newshound Guru Aggiedad77 Article: "Parliament will vote on the Islamic Banking Act" Parliament voted in agreement on the Islamic Banking Act on Thursday...this has to be their version of "fast track"...this moved through Parliament really fast...IMO...there is something else behind this act...why would they want or feel the need and urgency to pass this act...it has to play well with their economic recovery efforts, with Abadi's reform efforts, and with the MR...all IMO....in that direction this must then be a very positive action on their part.
10-1-2015 Intel/Newshound Guru tman23 We know they will never give a sniff of a hint to the date of creating more value...if indeed that is their intentions, to create more value where public profits can be made... So them saying 2016 is just fine...We know from following this that they need a change in policy asap...not only are the Iraqi people restless...but the worlds emerging markets that are ready to take a big hit does not help "global stability" with more people becoming restless... IMO...The PTB cannot kick the financial can down the road another year... AND that is what 10/1 -10/5 meetings are going to be having to come to terms with...investing several trillions in global infrastructure building.
10-1-2015 Newshound Guru Aggiedad77 Article quote: "The 70th session of the United Nations General Assembly is being held under world challenges on many scales, especially, fighting the terrorism of Da'esh." Great speech by PM Abadi...he speaks of "sustainable development" in a very positive light...He seeks cooperation with all nations of the world in combating terrorism...he spoke of environmental concerns, the protection of generations into the future, elimination of poverty and discrimination. Lofty topics for someone leading a country that some say is on the brink of extinction... ...know that a blessing is coming, not only for us but for all the world who continues to stay tuned in to all that is happening...
10-1-2015 Intel/Newshound Guru tman23 I think to the "education" part to the public regarding monetary changes...Say they plan on lifting 3 zeros at the start of 2016 (Which Shabibi said in ink a few times) that the start of the year is favorable and not in the middle of a quarter or year...That being taken into consideration...IMO, they would have to start educating before the time...and as they removed the 50 note and gave 60 days to turn them in....so goes the pre education part to new currency etc...point being...If this is going to go...it can go anytime after 10/6. We are going to know soon...and not Iraq "soon".
10-1-2015 Newshound Guru Kaperoni Looks like Saleh is recommending that the CBI get off the peg and at some point into a basket of currencies. I agree that would be best for Iraq...But I also believe prior to this, the CBI must allow the dinar to rise to it's true value.
10-1-2015 Newshound/Intel Guru BGG [I hope that they hurry up and get the reading of the 3 Pres. Act done!] The fact that is within 1 reading and no one really knew - IS HUGE NEWS...they have apparently been working on it without anyone knowing. Once that is read and enforced - Maliki's goose is cooked. Officially. the Law of 3 presidencies and the AML Law [Anti-Money Laundering] are both HUGE.
10-1-2015 Newshound Guru Aggiedad77 Well the Iraqi news this morning is packed with some good stuff, and I'm expecting more to be coming our way as the day and weekend progresses. We stand on the doorstep of October and we are hoping for some really hefty kinds of effort from Parliament in these first few days of the month. May they be steady and strong in their efforts to push forward with some very key laws that can have a strong positive impact on the Iraqi economy and their reform efforts as well...rest assured they are moving at speeds we've not thought. We wait...we watch...we pray for the best...for we know...the BEST is yet to come.
10-1-2015 Newshound Guru Chattels Article quote: "Parliament Speaker Salim al-Jubouri confirmed its support for initiatives aimed to achieve a comprehensive national reconciliation in the country." Hardly sounds like it is done or a foregone conclusion ...I say, National Reconciliation is a process and NOT AN EVENT!
10-1-2015 Intel/Newshound Guru Poppy3 no doubt about the fact that none of these banking laws, international credit rating, any of the goi and cbi regulations would have been needed if the CBI AND IRAQ GOI where not going to RV the dinar. they could have chosen to just continue to use USD...none of this would be needed. MEANING TO YOU AND ME THE NEW RATE IS COMING AND WITH THE IMF STATING THEY ARE PREPARING TO LOAN BILLION TO IRAQ THEY MUST KNOW THE NEW RATE IS A FOREGONE CONCLUSION. REST ASSURED NO RATE NO LOAN FUNDS WILL BE RELEASED.
10-1-2015 Intel/Newshound Guru Mnt Goat Article quote: "...the Commission formally addressed the Presidency of the Council of Representatives to hold a special conference of national reconciliation and the introduction of those who want to contribute to the building the state and the new Iraq..." Remember this - No reconciliation thus No RV! I believe Iraq also needs the Investment law and Banking laws (already passed) and this too is holding back the RV but not needed for the “full” reconciliation. ... there are also economic reforms that the government WOULD LIKE TO PUT IN PLACE too that can ensure a smooth transition to investors and international players doing business in Iraq prior to the RV.
10-1-2015 Newshound Guru Kaperoni Article quote: "Prime Minister Haidar Al-Abbadi said, the net oil revenues in next year's budget draft 2016 "100% goes to staff salaries and retirees." ...all the revenue goes to pay state employees and that is why there is such an urgency now for a market economy to get additional sources of revenue and get citizens off the state payroll.
10-1-2015 Newshound Guru Adam Montana I think Abadi has done a great job in reshaping the GOI. Maliki is small potatoes - he's merely a gnat on Abadi's shoelace at this point, and I think Abadi is working behind the scenes on bigger items. [any news on the HCL?] Strangely quiet at the moment...I'm hoping that's the best news possible right now.
10-1-2015 Newshound Guru BGG Article Quotes: "Iraq proves the case: the country has witnessed FDI inflows of an impressive $4.8 billion in 2014, according to the 2015 UNCTAD world investment report..." "According to the World Bank, FDI in 25 countries that were classified as conflict affected or fragile grew at a compound annual rate of 12% compared to 4.5% growth in the rest of the world’s FDI in the period of 2005-2012." Here is a very interesting article... shows a legitimate reason why - in the face of such adversity - that major banks and players are still looking to invest in Iraq... essentially - (if I read it right) the rest of the world has seen economic growth of about 4.5% (total) and Iraq has seen a 12.5% compound increase in the same time-frame... There's the reason...
9-30-2015 Newshound Guru wmawhite Let me clarify...holding out is continuing to conduct business on the USD. But if Iraq wanted to continue on the USD Iraq would not be going through all of these painful changes. Based upon what the Board of Director of the Central Bank of Iraq, they are moving forward with the steps that are needed because of a change in value of the IQD. The change in the status of the IQD is nearing. Do not expect to be told in advance. Instead, the CBI will inform the world currency markets after the CBI makes the change. [post 2 of 2]
9-30-2015 Newshound Guru wmawhite [World bank about lend one billion to Iraq by the end of the year.] ...these pedally loans are for the day to day operational needs of Iraq. The change in status of the IQD will enable Iraq to conduct business outside of Iraq. It will enable the CBI to "leverage" its currency. Such as, instead of paying 1166 IQD for $1 of expense...leverage to 1 t0 1. the sooner the IQD changes status the sooner Iraq can start leveraging its currency and using the international community to rebuild its country. Currently, Iraq is just treading water. How long can they hold out? Forever. However, they have told the world that they want off of the USD and use the IQD. [post 1 of 2....stay tuned]
9-30-2015 Newshound/Intel Guru BGG it appears...that Shabibi is the one who had the "legit goods" on Maliki and others... Maliki is trying to counter these reports of his outright theft with "counter-allegations" of huge bonuses and other perks. IMHO Maliki still has considerable power - it is still a very corrupt structure. However...they are making all these corruption issues with Maliki public now - because, of course, they intend to move against him soon... he's still working to stay (on numerous fronts)...if they meant to keep him - why go public...short answer - they don't...Maliki is throwing every vile accusation he can at the National Guard Law... it and the AML Law are the end of him...they have chiseled, and chiseled and chiseled... and he's not as powerful as he once was. [Has parliament finally voted to dismiss the VPs?] not officially - (yet).
9-30-2015 Intel Guru Delta Maliki has been a “hot” issue in Iraq for a long time...but not lately. He used to give people money under the table. Abadi has eliminated those people. Maliki is out of power...and now he doesn’t have any money...so he is losing a lot of ground. Nobody listens to Maliki anymore. He has no support. He’ll get phased out just like the 3 zeros.
9-30-2015 Newshound Guru Aggiedad77 Article: "Rapporteur of the parliamentary Finance: 2016 budget will arrive in Parliament on the tenth of next month" In the presence of a man who knows how big business should be run....I'm speaking of PM Abadi and how he attempts to run things on a tight schedule...the 2016 budget looks to be in the hands of Parliament maybe by the 10th of October...we shall see and certainly be surprised if it is...a budget of 113 trillion dinars on a deficit of 29 trillion dinars...how do they ever make ends meet.
9-30-2015 Newshound Guru Adam Montana News right now on the HCL is scarce, but I actually like it that way. If we are to see a major change in the value of the currency, and it rests on a successful HCL, then we should not hope to see a lot of "news" or "tips" on it's progress. The HCL, and then the RV, is something that will happen BOOM! or..."SUDDENLY".
9-30-2015 Intel/Newshound Guru Mnt Goat They have to make some kind of “reconciliation” or they will NEVER join the international community. Pressure is just too great from the USA and GB not to conclude this sooner than later. This they want and need so desperately. They also have until early 2016 to get their act together to get fully out of chapter 7 sanctions. This deadline is fast approaching. This was a deadline imposed by the UN of 10 year sanction release period. Now it’s time for Iraq to turn the page and to experience the full blessings and abundance that can come from the proper use of all their resources once applied to the global markets. It is my opinion the time is now. The clock is ticking. [post 2 of 2]
9-30-2015 Intel/Newshound Guru Mnt Goat I suggested many months ago...the USA will not give full military support to Iraq until they get what they want. So what did the USA want? ...the USA is going to get certain needed reform laws from Iraq, an in return Iraq will then get the military backing and full support of USA led coalition to fight ISIS. Iraq can then move on to getting the “full” reconciliation it needs going forward. So we might have to wait a little bit longer to see how this all plays out but I believe we are getting closer than ever to the RV. I am talking maybe weeks at tops not months. [post 1 of 2....stay tuned]
9-30-2015 Newshound Guru Adam Montana [I have heard that Iraqi Citizens are able to use Mastercard and Visa outside Iraq, with an RV amount for those transactions. I would think that would mean there was an RV amount inside Iraq. Can you verify this?] I am in constant contact with folks there - if there was in in-country RV of ANY kind, I would know and I would definitely share that information... I do not believe an "in-country RV" is something we need to worry about. I give that scenario less than 1% chance.
9-30-2015 Newshound Guru Admin Bob From time to time rumors come up of another CBI website which usually they turn out to be fake or some old site. But today, a website came to my attention that sat idle for years and only this month was updated with a format that appears to be indicating that the CBI is planning international commerce. It is very promising to see this site. [ click here to view site cbiraq.org]
9-30-2015 Newshound Guru Millionday THE NATIONAL RECONCILIATION CONFERENCE IS STILL IN THE MAKING AND NOT BEING HELD UP. [Is there a time-line for the Reconciliation Conf.?] NOT AN EXACT DAY YET. IM SEARCHING FOR GOVERNMENT NEWS. I JUST DONT SEE THE LAWS WE THOUGHT WE WOULD SEE TODAY [TUESDAY]. [are we waiting for these laws to be voted on...?] NO -- I DO NOT THINK WE ARE WAITING FOR THESE LAWS TO SEE ECONOMIC REFORM TO BE DONE... I THINK THAT THE NATIONAL RECONCILIATION CONFERENCE IS EXPECTING THEM TO BE DONE. THEY ARE TRYING TO REFORM THE COUNTRY ALL AT ONCE -- THEY HAVE WORKED HARD ON THESE LAWS AND THEY ARE ALL IMPORTANT. THERE ARE MANY LAWS THAT ARE RELIANT ON THE OTHERS.
9-30-2015 Intel Guru Frank26 The 2016 budget wants to come out by Oct 10th...no later than Oct. 14th. Abadi is trying to change things. He is cutting the power positions and in terrorism. The GOI is passing laws like crazy but we haven’t seen the National Guard Law yet. We need the National Guard Law...it will be extremely important. Many laws (well over 100) are coming. It may take all week before we find out about all of them. The Gazette is getting ready to print a lot of laws right now. Amazing...so many things happening so fast at the end of 2015.
9-30-2015 Newshound Guru Millionday Article: "Rafidain Bank deliberately to rehabilitate its branches at home and abroad, and the introduction of modern technologies in the banking business in line with the reforms announced by the government package." SO THE RAFIDAIN BANKS HAVE MET ALL LAWS AND REGULATIONS FOR EACH COUNTRY THEY ARE IN -- THEY MEET INTERNATIONAL COMPLIANCE AND MEET REFORMS AS ORDERED.
9-29-2015 Intel Guru Delta I believe that we will see the monetary reform before the end of this year. My team...99.99% something will happen before the end of the year. I was told that they really have to get moving very fast. They are standing behind the target date before the end of the year.
9-29-2015 Newshound Guru sczin11 Article quote: "Parliament calls on the Council of Ministers to approve the money laundering law to prosecute the accused..." ML LAW [Money Laundering] BACK TO COM... WHEELS ON BUS GO ROUND N ROUND. NOW WE KNOW WHY THIS LAW WAS NOT PART OF THOSE WRITTEN INTO GAZETTE A WEEK AGO...OR RATIFIED BY POR.
9-29-2015 Intel Guru EXOGEN MANY INTEL CALLS COMING IN TODAY RANGING FROM ABSOLUTELY INSANE TO 100% LOGICAL. TODAY WE HAVE HEARD SOME VERY EXCITING UNSUBSTANTIATED RUMORS RANGING FROM VERY INTERESTING, TO EVEN EXTREMELY CREDIBLE SOURCES. AS WE STATED APRIL 30, 2015 ACTIVITY SHOULD POTENTIALLY PICK UP IN OCTOBER, AND WE ARE NOW APPROACHING THAT WINDOW. THE GLOBAL FINANCIAL ARCHITECTURE AND CLIMATE HAS DEFINITELY CHANGED WITHIN THE LAST COUPLE OF DAYS...SOMETHING IS DEFINITELY HAPPENING IN THE FINANCIAL WORLD ON AN ELEPHANTINE & COLOSSAL SCALE TO FIX GLOBAL ECONOMIES.
9-29-2015 Newshound Guru Aggiedad77 ...our great Dr. S [Shabibi]...is finally speaking out on his own...and speaking quite loudly to the fact concerning Maliki's corruption and theft from within the CBI...Right out from under the noses of the Iraqi people...he stole to line his own pockets and to build mansions and the like for his golden days...well the time is coming that his golden days will be spent in an 8 x 10 "castle" of a room... ...why is he now speaking out...SECURITY... of course....he feels like things are coming into place as he wants and he feels much safer to point the finger towards the party who is most guilty...Maliki...watch for more on this in the coming days...Maliki's days are short...shorter than 91 days I would predict.
9-29-2015 Intel Guru Frank26 According to Teams Dr. S [Shabibi] is impressed. The banks are happy. Technology improves. Iraq is building a lot of banks inside and outside of Iraq right now. A lot of these banks will be loaded up with a lot of money which will need LAWS in order to loan that money to the citizens. Dr. Shabibi’s banks are back! And in my opinion, they are soon to be in his control and will pop-up like mushrooms in the morning hours. The baby-banks of Dr. S are important because they will launch the economic reform and the private sector. The bonds didn’t work at 1166. The experiment failed – which will force Iraq to finish the monetary reform.
9-29-2015 Intel/Newshound Guru tman23 The violence in the big cities will require security first before any monetary reform or investment takes place...Six people killed and eight wounded since Monday...in the countrys third largest city...SO NO RV UNTIL THESE EVENTS ARE UNDER CONTROL AND THAT WILL TAKE THE NATIONAL GUARD LAW BEING PASSED.
9-29-2015 Newshound Guru Millionday Article quote: Ritesh S. Ramakrishnan, Transworld Group’s director of strategy and business planning, said: “Iraq stands at such an important moment of time – historically and commercially – and we are keen to play a part in this phase of growth." AN IMPORTANT MOMENT IN TIME AND WE ARE INVESTED IN THIS MOMENT IN TIME. Quote: "...we will enable Basra to continue its accelerated march to becoming a key strategic trading center in the Middle East, bridging East and West.” AND...WE ARE INVESTED IN THIS KEY -- WHOOPOW!
9-29-2015 Intel Guru Delta The holiday is over now. October 1st is the grand opening of the Islamic Bank. Today this announced that the banks have all of the new high-tech technology. They need to increase the value of the IQD and the banks know it. I believe that we are very close due to what the World Bank’s involvement has been with the state-controlled banks in Iraq. Parliament should meet tomorrow. The Investment Laws has nothing to do with the monetary reform...but over the next two weeks...we have a lot to watch for. Remember, the Qi-Card...the MasterCard...the ATM...all of this leads up to changing the value. Something really, really has to happen before the end of the year but it could happen at any time.
9-29-2015 Intel Guru Frank26 #1 (SECURITY) is doing very well. It’s not just for Iraq but in all the middle-east and in fact for the whole world. In my opinion, the currency of Iraq is the economic foundation to many middle-eastern countries. You see, a reinstatement will occur in-country. The international world wants the RV...Iraq wants the RI and so what is going on right now is inside of Iraq and outside with the middle-eastern countries is literally is the RI. This is the backbone to the RV of the IQD. International! And it’s not just being done for Iraq. It’s being done for the middle-east and in turn for the world...(and you).
9-29-2015 Newshound Guru FrostyTheSnowman Article quote: "Former Iraqi Central Bank Governor Sinan al-Shabibi, said the former prime minister Nuri al-Maliki receive more money than all the rulers of the Republic of Iraq "together" of the leader Abdul Karim Kassem to Saddam Hussein." Lovin' the articles this morning...! The evidence is beginning to show forth and it appears that Dr. Shabibi is NOT afraid to talk ... (and that spells spells "SECURITY" in my book).
9-29-2015 Intel/Newshound Guru Backdoc WILL IRAQ BE READY IN OCTOBER TO GET THE BALL ROLLING? WE CERTAINLY ARE ENCOURAGED. WITHOUT THE MONEY HONEY THERE WON’T BE A TICKET TO RIDE! LETS SEE A RATE, THEN WE KNOW SHE’S GOT A TICKET TO RIDE AND SHE DON’T CARE!
9-29-21015 Newshound Guru Millionday Article quote: "The Iraqi Private Banks League announced that the Central Bank of Iraq launched an additional IQD0.5 trillion to the financing budget for small and medium enterprises. This step will contribute towards the activation of the private sector and will enhance job opportunities" THIS IS A NEW INITIATIVE ON THE OCCASION OF WORLD PEACE DAY ALLOCATED FOR THE IMPLEMENTATION OF THE PRIVATE SECTOR. THIS IS ALSO THE OBVIOUS ACTIVATION OF THE NATIONAL LOAN SERVICES OF THE PRIVATE BANKS AS THEY ADD JOBS AND ACTIVATE PROJECTS AND CONTRACTS. ...PROGRESS IN A HUGE WAY.
9-29-2015 Newshound Guru Kaperoni "The meeting's agenda number (24) Tuesday 29 September 2015" Well, no investment law.
9-28-2015 Newshound Guru Aggiedad77 Article: "Rafidain Bank qualifies its branches and enters the modern banking technologies work" Why would they be so willing to expand in the face of such financial strife at home in Iraq...maybe things are turning around...turning in a positive direction that will warrant their presence in more places around the world...why you ask?...because the Iraqi dinar could be poised to be seen as a currency to be reckoned with on a world scale...IMO...just maybe.
9-28-2015 Newshound Guru Millionday Article quote: "...parliamentary Finance Committee, confirmed Saturday, the absence of concerns over the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar would achieve the necessary stability of the exchange rate for a long time." I HAVE SEEN ANNOUNCEMENTS FROM CBI THAT THEY HAVE NO WORRIES ABOUT SECURING THE VALUE OF THE DINAR --- RESERVES ARE MORE THAN ENOUGH.
9-28-2015 Intel/Newshound Guru Mnt Goat I think perhaps we are about to see this “package” of laws of the remaining reforms get passed. The National Guard law is a biggie and is ready for parliament now. I also believe these laws and the progress in the fight against ISIS is the key to the RV. THEY MUST COMPLETE THE AGREED TO REFORMS BEFORE ANY RV! Out of these reforms there was one that stood out more than the others. This is the most critical reform before any currency is going to be given back to Iraq (currency RV). It is the National Guard and it is all about security.
9-28-2015 Intel Guru EXOGEN READ THIS VERY CLOSELY: "Twilight News / Rafidain Bank announced on Monday for the rehabilitation of its branches at home and abroad introduction of modern technologies and advanced in the banking business in line with the reforms announced by the government package." reforms announced.
9-28-2015 Newshound Guru Kaperoni Article: "The beginning of next month...the opening of the first Islamic bank in the Iraq government" Good to see the activation of advanced banking activities.
9-28-2015 Intel/Newshound Guru Poppy3 I HEAR VOTING TOMORROW ON THE ENTIRE BASKET OF LAWS. BANKS ANNOUNCED THEY HAVE INTERNATIONAL ELECTRONIC BANKING READY. WE ALL WAIT FOR THE NEW RATE.
9-28-2015 Intel Guru Frank26 [Looks like the banks are joining us in the Long Line.] Actually it is these Iraqi Banks...there are now a few of them...That are opening up and will cause Iraq's MR [Monetary Reform] to...Open Up Too. ...It will start to dismantle the LL [Long Line]. IMO...the rest of 2015 is to set up the banks in Iraq for DRS's [Dr. Shabibi's] MR in conjunction with the New Laws...the GOI did yesterday for today. They are busy preparing and passing LAWS.
9-28-2015 Newshound Guru Aggiedad77 Definitely some interesting news this morning...are we seeing an approach to the "day of reckoning" for the IQD...perhaps on a worldly scale...the Iraqi Official Gazette getting geared up for some good things...all those LAWS that have been talked about recently...Islamic Banks are coming...again more innuendos about security I think...watch for things to really start improving...IMO.
9-28-2015 Newshound Guru Millionday ABADI IS ATTENDING THE MEETINGS WITH THE UN IN NEW YORK WHICH WILL ADDRESS ALL THE CHALLENGES THAT HAVE CRIPPLED IRAQ IN MANY WAYS. ...THEY CAN VOTE THROUGH LAWS WITH HIM OUT OF THE COUNTRY... BECAUSE THEY ARE A DEMOCRATIC GOVERNMENT AND THE LAWS BEING VOTED ON ARE IN PARLIAMENT --- THE MINISTERS HAVE ALREADY (QUITE A TIME AGO) HAD THESE LAWS ON THE TABLE -- WHAT IS LEFT IS PARLIAMENT VOTE AND PRINT.
9-28-2015 Newshound Guru firefly I'm in [Guru] BGG's corner on this one. As soon as corruption is under control...THE SKY IS THE LIMIT! Which is why the AML [Anti Money Laundering Law] is SOOOOOOOO huge. It is the cornerstone of all the other laws needed for the international community.
9-28-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time." THE PLANNED EXCHANGE RATE CAN BE SUPPORTED FOR YEARS AND CAN ACCOMMODATE TWICE THE LAW SET AMOUNT...THIS IS HUGE NEWS...THEY ARE CAPABLE OF SUPPORTING A NORMAL RATE RETURN. CONCERNS ABOUT THE ABILITY TO MAINTAIN THE EXCHANGE RATE TO BE APPLIED DOES NOT EXIST. THEY ARE ABLE TO KEEP THE RATE STABLE AND RETURN IT TO THE GOAL RATE THEY HAVE SET -- THIS SHOWS CONFIDENCE FOR THE CENTRAL BANK AND ITS ABILITY TO MAINTAIN WHAT EVER THE RATE IS SET AT DUE TO THE TOOLS AT HAND.
9-28-2015 Intel Guru TD Just a few comments from my Kurdish friend (please treat all as rumor and please due your own sound diligence.) The Iraqis and the Kurds are very proud people and some of the articles of challenges they are all facing pale in comparison to the true conditions on the ground. Things are really tough to put it mildly. Abadi is losing support and a sense of "hopelessness" is weighing in on most ordinary citizens. There is talks going on again with the IMF for further help but this time it seems Iraq will not get any. The lack of reforms toward the growth of a public sector economy is reason número uno. Here in the short term it is more likely of a depreciation of the currency rather than an appreciation. Unanimous consensus my amigo says is that any appreciation is a long, long way off, at this point nothing should be anticipated in 2015 & 2016 as well. Way toooo much uncertainty and lack of stability.
9-28-2015 Newshound Guru OOTW Article quote: "...Sunday, continuing disputes with the Kurdish parliamentary blocs on the amendment of the Federal Court Act because of the commitment positions since the arrival of law to the House of Representatives." THE SITUATION WITH THE KURDS IS NOT THAT DISSIMILAR TO WHEN THEY HAVE BOYCOTTED SESSIONS OR LAWS IN THE PAST, IN ORDER TO DRAW ATTENTION TO THEIR OWN CAUSE... OVER THE PAST TWO MONTHS, WE'VE SEEN THEM STATE THAT THEY'RE NOT GOING TO VOTE FOR THE FEDERAL COURT ACT, ESSENTIALLY, BECAUSE THEY WANT ALL JUDICIAL LAWS PASSED. THE JUDICIARY NEEDS SWEEPING REFORMS - AND AFTER EID AL-ADHA, I BELIEVE THE PROTESTER'S WILL GO BACK INTO ACTION...THEY'LL NEED TO BE CHANGES TO THE CONSTITUTION AS WELL...I REALLY DO BELIEVE, EVENTUALLY, WE WILL SEE A BIG CHANGE IN THE JUDICIARY, IF NOT THE GOVT, IN ORDER TO ENACT THESE NEEDED REFORMS..TALK AIN'T WORKING ANYMORE...THE PEOPLE WANT ACTION.
9-27-2015 Newshound Guru firefly The HCL is huge for the people of Iraq but not needed for the monetary reform! Question needs to be asked ... What does the HCL have to do with a monetary reform? In country for the citizens it is enormous. Internationally...well it has absolutely nothing to do with it
9-27-2015 Newshound Guru sczin11 Article quote: "...Sunday, continuing disputes with the Kurdish parliamentary blocs on the amendment of the Federal Court Act because of the commitment positions since the arrival of law to the House of Representatives." THIS MAY BE VERY TELLING...IMHO, THE JUDICIARY REFORM IS A VERY NECESSARY STEP, IN ORDER TO COMPLETE THE MONETARY REFORM, AND CLEAN UP THE CORRUPTION...
9-27-2015 Newshound Guru firefly AML [Anti Money Laundering] is HUGE and was a must according to the WB and IMF. IMO it is the root for all the other international laws to come into fruition. I believe that the National Guard Law is just as important as the Investment Law. The HCL is huge for the people of Iraq but not needed for the monetary reform!
9-27-2015 Intel/Newshound Guru tman23 The elections and then appointments of positions in Iraq GOI was a mere game of musical chairs...same players, different appointed position...AND they did not begin to move into reforms until the poor population began demonstrating and was preparing to "burn the house down'" per se'... The reforms so far have been 99% cosmetic. They claim that after EID they will pass the laws that will enforce/re-enforce the reforms. The only one I care about is the investment law...once this is passed and new foreign contracts along with investment come into play...this influx of money and the accounting with/without 3 zeros will be the determining factor of which way the IQD moves.
9-27-2015 Newshound Guru tlm724 Article quotes: "Saleh, said that investment protection is the only and the main way to raise the economic growth in the country" "the investment essential and important issue of protection of the fact that the country has no alternative to economic growth and raise the rates of development, but from investments overseas" ...Saleh is saying one way to make the needed adjustments to the economy is bring in foreign investors and their money, they gotta pass that investment law and protect the investment or no one is going to invest!
9-27-2015 Newshound Guru Millionday SO...TOMORROW THEY HAVE STATED IN INK THAT THEY WILL VOTE MINUTES AFTER THE FEAST ON THE INVESTMENT LAW AND MANY MORE LAWS AS WELL -- SO ACCORDING TO REPORTS. WE HAVE LEARNED THIS INCLUDES AT LEAST --- NATIONAL GUARD, INVESTMENT, FEDERAL COURT ACT, THE CIVIL SERVICE, RETIREMENT, AND THE NATIONAL RECONCILIATION LAW THAT IS NEEDED FOR THE PROJECT IN A VERY SHORT PERIOD AS WELL. THIS IS HUGE AND WITHIN A DAY BY WHAT I HAVE SEEN -- PRAYING FOR NO HOLDUPS. [if they are to vote on laws minutes after their feast...what time might that be for us?] WE SHOULD KNOW TOMORROW NIGHT. [post 2 of 2]
9-27-2015 Newshound Guru Millionday Article qutoe: "Detection of the House of Representatives deputy rapporteur on the mass of the citizen Niazi architecture Ihsanoglu, Thursday, for the preparation of more than a dozen laws; for a vote after the Eid al-Adha." SO AS WE SEE -- THE LAWS THAT ARE OF GREAT GREAT IMPORTANCE ARE BEING VOTED THROUGH ALL AT ONCE AFTER THE FEAST. TODAY [SATURDAY] IS THE LAST DAY OF EID ...TOMORROW [SUNDAY] IS THE FEAST -- NOW THE REASON(S) WE FIND THIS SO EXCITING...ARE...ALL THE YEARS I HAVE BEEN RESEARCHING -- I REMEMBER WORK BY GOVERNMENT DIRECTLY AFTER THE EID FEAST... [post 1of 2....stay tuned]
9-25-2015 Newshound Guru tlm724 Article quote: "...supreme religious authority stressed the need for economic and administrative system reform..." THE supreme religious authority stressed the need for economic and administrative system reform *hallelujah* the pressure is on!
9-25-2015 Newshound Guru Aggiedad77 AND here they come...10 important laws...that will bring forth good news after the holiday. Knocking on the door...who's there...PM Abadi...what do you want...we are busy auditing...I've got the laws...what laws...you know...the "LAWS"...Parliament has promised me they will get some things done by a certain date...all the people in the land will be happy...but happiest will be those outside.
9-25-2015 Newshound Guru Millionday THE IRAQI NATIONAL REFORMS HAVE BEEN WRITTEN AND AGREED ON -- NOW THEY ARE IN THE PROCESS OF ACTIVATING EVERYTHING INCLUDED WITHIN THE REFORMS. IF THE REFORMS WERE ALL DONE WE WOULD NOT BE HERE AT ALL.
9-25-2015 Intel/Newshound Guru tman23 This post 2015 summit taking place is quite different then in the past. All the players are coming to town per se'. Then the majors will meet in council. Abadi is scheduled to be in town. YEA it's a UN Meeting on counter terrorism... BITE ME! They will meet and media will cover it...But it isn't why all the majors are here including the Pope. (If) They all come to agree and then comes the rebuilding of world infastructure with several trillions to invest... All this is being completed before Oct 6th... USA fiscal year funds get released on the 6th... Iraq has held off on the investment law for a reason of timing in accordance to this meeting. [post 2 of 2]
9-25-2015 Intel/Newshound Guru tman23 Question is...Why did Iraq Parliment pull from the scheduled vote on the investment law on the eve of the vote back in Nov 2014 at the request of Abadi? Question is...Why was the vote scheduled once again on May 25th and instead went into a closed meeting for 12 hrs working on nothing but the investment law...and was said that upon Jabouri's return from meeting in Germany, Europe required some additional changes to the investment law. Question is...The amendments to the law have been completed for quite sometime since May 25th and there is no opposition to it... Question is why has it not been voted on? They have not opened the window for loans, foreign contracts etc..etc... BUT they did close out old contracts by paying out 9 billion dollars AND the new contracts are on hold...WHY? They have announced the offering/sale of international bonds on/after Oct 1st. Why not sell the bonds before Oct 1st? INVESTMENT LAW IS THE INTERNATIONAL KEY. [post 1 of 2....stay tuned]
9-25-2015 Intel/Newshound Guru Poppy3 ALL INDICATIONS AND ALL SOURCES BELIEVE WE WILL NOT GET THROUGH OCT WITHOUT A RATE. MOST EVEN TALKING EARLY OCT. TIME WILL TELL. I BEEN INVESTED OVER 11 YEARS AND STARTED RESEARCHING THE INVESTMENT 10 MONTHS BEFORE I EVER INVESTED. WE ARE CLOSING IN SO HANG LOOSE AND BE PREPARED.
9-25-2015 Newshound Guru Millionday Article quote: "This reform package calls for setting aside officials that demonstrators have demanded be held accountable to have them ripped of their impunity; approving the oil and gas law; the law on parties and federal courts; covenant laws; federal parliament law; amnesty law and laws on national reconciliation, and the national guard law." THE DEMONSTRATORS HAVE BEEN ON ALL WORLD NEWS AND IT IS A HUGE ISSUE THAT LAWS NEEDED FOR THE REFORM ARE BEING HELD UP. PARLIAMENT STEPPED FORWARD AND REMOVED THE OFFICIALS THE DEMONSTRATORS FEEL HAVE A DIRECT LINK TO THE HOLD UP OF THE VERY IMPORTANT 9 LAWS THAT THE REFORMS/IRAQ NEED IN PLACE -- THEREFORE REMOVING THE BARRIER. PARLIAMENT HAS MADE IT VERY CLEAR THAT PEACE IS OF THE GREATEST IMPORTANCE AND HAVE DEMANDED THE OFFICIALS STANDING IN THE WAY BE REMOVED AND IRAQ MOVE FORWARD IN ADVANCEMENTS PLANNED. [post 2 of 2]
9-25-2015 Newshound Guru Millionday Article quote: "The Iraqi Parliament on Tuesday, August 11th debated and approved its own reform package to complete Prime Minister Haider al-Abadi’s decision." PARLIAMENT IS TALKING ABOUT REFORMS...CHANGES THEY WILL MAKE. IRAQ`S REFORM PACKAGE IS AT THIS TIME VERY WELL KNOWN-- ABADI HAS LAUNCHED THE REFORMS (THIS MEANS THE STEPS HAVE BEGUN AS THEY CAN BE DONE IN PARALLEL WITH LAWS AND REGULATION BEING PUT IN PLACE). ON AUGUST 11TH, 2015 --PARLIAMENT ALSO APPROVED ITS OWN REFORM PACKAGE SO THEY MAY ALIGN THEIR WORK TO THE REFORMS ABADI IS LAUNCHING NOW. [post 1 of 2....stay tuned]
9-25-2015 Intel/Newshound Guru Poppy3 [I subscribed to the email alerts at the State Bank of Vietnam...and get regular updates. Here is what they sent today... "CURRENT RATES: 1 US Dollar equals 22490.00 Vietnamese Dong. 44.46 (PER MILLION) X 15M = 666.9 USD DIVIDE 666.9 BY THE 5,000 = .22 PROJECTED RATE."] ...I THINK .22 IS WAY TO HIGH PROJECTION. THE BANKERS IN VN WHERE TOLD LAST YEAR TO EXPECT 02.3 TO .05 CENTS. TIME WILL TELL BUT I AM READY EATHER WAY. ...HOPE THE TALK AND DISCUSSING ABOUT THE POSSIBILITY OF THE DONG RATE CHANGING IS AT LEAST A TRUE INDICATION THEY ARE ABOUT TO REVAL THE DONG.
9-25-2015 Newshound Guru firefly Article quote: "...the House of Representatives decided during its meeting held on 16 September of this, throughout the second draft amendment to the Law of Investment Law No. 13 of 2006 until after the Eid al-Adha holiday..." It is not required but it is needed!! The 29th will tell us a lot.
9-26-2015 Newshound Guru tlm724 my opinion is this, Iraq had no choice but to activate the private sector, they can no longer depend on oil with the likes of Iran getting back in the game so they forge boldly ahead despite the opposition to change, the Supreme religious leaders are saying enough is enough, no more talk it is time for action! That is reassuring to me that Iraq is finally on the right path and is making that transition to a free market economy and with that comes a strong dinar.
9-26-2015 Newshound Guru Millionday AFTER THE FEAST THEY WILL LAUNCH THE NATIONAL RECONCILIATION PROJECT AND THEN THERE WILL BE A HUGE HOLIDAY AFTER THIS AMAZING HISTORICAL EVENT. THE NATIONAL RECONCILIATION PAPER WAS ALREADY SIGNED AND AGREED UPON MANY MOONS AGO --- THIS IS JUST THE COMING OUT PARTY DUE TO IRAQ BEING PREPARED FOR EVERYTHING IT REPRESENTS... THIS IS THE REFORMS -- GOVERNMENT PROGRAMS -- AND THE NEW IRAQ WRAPPED WITH A BIG RED BOW...THEY HAVE NOT RELEASED HOW LONG THE HOLIDAY IS BUT -- THE HOLIDAY IS A DIRECT RESULT OF THE IMPLEMENTATION OF THE NATIONAL RECONCILIATION PROJECT --- SO WE CAN VENTURE OUT IMO -- AND SAY THIS IS SO HUGE IT WARRANTS A HUGE NATIONAL HOLIDAY...
9-26-2015 Intel/Newshound Guru Poppy3 ...zero date has been given for the rv or new rate? all that has been said by many ligitimate sources ARE INDICATING THAT BEGINNING ON OCT 1 THINGS START HAPPENING TO COMPLETE AND MEET THE FINAL DEADLINE TO ENABLE IRAQ TO FINISH FINANCIAL REFORM AND HAVE ALL LAWS AND INCULDE THE NEW RATE RELEASE ON THE NEW VALUE DURING THE MONTH OF OCT.
9-26-2015 Intel/Newshound Guru Mnt Goat President Masuam told us earlier this week that FULL RECONCILIATION would be completed and announced after Eid. I was told that full reconciliation means that all the critical needed reforms would be completed. These reforms needed laws to implement them...So this is now what we watch for. What are these last remaining laws we wait for? ...the Federation Council...the National Guard law...the Amnesty law...the announcement of the Judicial Reforms bill being passed and implemented... Investment law. I believe these last remaining reform laws are that “basket of laws” that will hit us all at once very suddenly after the Eid holiday. We are in the absolute best window ever to see Iraq have a significant increase in the value of their currency sooner than later. [post 2 of 2]
9-26-2015 Intel/Newshound Guru Mnt Goat I need to emphasize that we are about to enter one of the most pivotal times in the weeks ahead since I have been in this investment. Remember early October is coming upon us very quickly. There is a target in place and I believe they are pushing forward to attempt to meet it. The big question is will Iraq be ready? The reason we have not seen the RV yet, even though there has been many windows of opportunity planned...is because THEY HAVE NOT YET COMPLETED THE AGREED TO REFORMS! The PTB will continue to hold it back until Iraq meets its obligations even though they plan these RV windows ahead of time. I expect an explosion of news come next week since Eid ends on Sunday 9/27. [post 1 of 2....stay tuned]
9-26-2015 Newshound Guru Millionday "The Ministry of Finance will open on the first of next month, the first Islamic bank..." OPENING THE FIRST OF OCTOBER. THEY ARE HELD ACCOUNTABLE BY ALL STAKEHOLDERS SO THIS TIMING HAS TO BE THE RIGHT TIMING BUT...INTERNATIONAL COMPLIANCE BEING MET MEANS WHAT? IT MEANS...WHOOPOW! Quote: "House vote on the draft amendment to the Investment Law Minutes after the Eid al-Adha." WOW INVESTMENT LAW WITHIN MINUTES. IN ORDER FOR THESE THINGS TO EVEN BE SOMETHING TO BE EXCITED ABOUT (NATIONAL RECONCILIATION CONFERENCE AND THE FIRST ISLAMIC BANK OPENING) -- THE INVESTMENT LAW WOULD ALMOST HAVE TO BE VOTED WITHIN MINUTES AFTER THE EID FEAST IMO. ALSO I READ 12 OTHER LAWS AS WELL. SO HOLD YOUR HAT AND PRAY. [post 2 of 2]
9-26-2015 Newshound Guru Millionday Announcement quote: "the Presidency will launch a national reconciliation project, which will be presented to the heads of political blocs for the purpose identified and then starting to implement a long holiday." THIS WAS A HUGE FORMAL ANNOUNCEMENT MADE TODAY [FRIDAY]. AFTER...THE EID FEAST...THEY WILL LAUNCH THE NATIONAL RECONCILIATION PROJECT... THIS IS THE COMPLETE NEW IRAQ WHICH COVERS ALL ASPECTS OF UNITY IN ITS ENTIRE FORM INCLUSIVE OF ALL PARTIES AND ALL OF IRAQ...HENCE >>>NATIONAL RECONCILIATION PROJECT...THIS IS HUGE IN OUR TIMELINE... [post 1 of 2....stay tuned]
9-23-2015 Newshound/Intel Guru BGG [Isn't their fiscal year begin 10/1, thus doesn't their budget run on the fiscal year as well. At that point, doesn't the revaluation have to be implemented into the 2016 budget?] when they have dealt with the thieves and obstructionists - the door is open... when they move it is just a calculation. I doubt it has to parallel a budget time-line.
9-23-2015 Newshound Guru Aggiedad77 Article: "Parliamentary investment: the political differences about the investment law passed will not hinder" Big news with this draft of amendments for this law...it should be put up for a vote sometime shortly after the upcoming holiday...watch for this to happen...another important law that could impact the Iraqi economy and the MR in a big way if it is passed and fully implemented...Investors should find their road into Iraq a much easier trip than what has been experienced with red tape and much corruption in the past... IMO...this could be a part of a "package" of events leading up to 10/4...
9-23-2015 Newshound Guru Millionday Quote: "Deputy Special Representative of the Secretary General of the United Nations in Iraq, George Posten, hello attendees, and advance thanks to the musician Naseer Shamma, calling for activating the national reconciliation and to stand as one hand against terrorism and the rebuilding of Iraq..." GEORGE POSTEN CALLING FOR THE ACTIVATION FOR THE NATIONAL RECONCILIATION...THIS IS SO ENCOURAGING. TIME FOR THE REBUILD OF IRAQ...THIS IS SO VERY EXCITING. I FEEL LIKE WE ARE LOOKING AT SO MANY PUZZLE PIECES COMING TOGETHER.
9-23-2015 Newshound/Intel Guru BGG I was...asked what I thought about 2016 and then something along the lines of "what if we get to this first week of Oct - does that mean we're into 2016"? My response was - "we will really have to get to that place and see what's been done"... I highly doubt there is any guarantee we land in 2016 without some shift in value - however, I am much more focused on these reforms and attacking corruption than anything else...the progress they make (on this corruption) will decide for me what my opinion will be. [post 2 of 2]
9-23-2015 Newshound/Intel Guru BGG [Corruption...Corruption...Corruption!!!] "they are attacking it on every level"... attacking corruption - this is a good thing. ...recently (last day or two) I have been hearing as early as the 24th thru about the 29th and if they miss that one then just prior to the UN Gen assembly - if they miss that window, no later than the end of the first week of October. LET ME BE CLEAR... this is not my opinion...in fact, the only reason I bothered to mention it - it was based on them dealing with a bit more of this corruption and then they would move ahead... so I believe any of this? Maybe 50/50. [post 1 of 2....stay tuned]
9-23-2015 Newshound Guru Aggiedad77 Article: "Abadi first speaker summit of the United Nations against terrorism" So the news has been saying that PM Abadi will head to the US just after their upcoming holiday...he's first up on a list of speakers talking about terrorism issues on a global scale with the United Nations...probably a quick trip on his part and the part of their Foreign Minister as well...both seeking more military support from the US during this trip as well.
9-23-2015 Intel/Newshound Guru Mnt Goat Wanted to keep you updated on the fight against ISIS and DAASH since after all the physical security of Iraq is a large factor is whether they are going to RV sooner than later. Seems the USA strategy is working to push ISIS and DAASH back into Syria. You see they must isolate them and confine them. Once this is done it is much easier to remove them. Once across the boarders of Iraq they can then secure the boarders.
9-23-2015 Newshound Guru Adam Montana Man, oh, man... are things moving slowwwwww right now. And even as slow as things feel right now, you need...to understand that Abadi IS getting stuff done, and we are DEFINITELY on the right track. I'll give that two thumbs up, even though we are still waiting on the HCL. [The HCL: Any chance of that being resolved before Dec.?] HCL - yes, I do have high hopes for pre-December! [...how confident do you feel that an RV may happen before the end of the year?] Provided the HCL goes through, I am optimistic. On a scale of 1-10: Cake.
9-23-2015 Newshound Guru Millionday YEARS WE HAVE WAITED TO SEE THE BANKS FUNDED AND THE PRIVATE SECTOR AWAKE. THEY APPEAR TO HAVE THE SOLUTION TO THE FINANCIAL STRESS IN IRAQ. THE INITIAL OIL DROP IN PRICING CREATED LACK OF PROJECTS -- THE MANY BELOW POVERTY AND OTHER PRESSURES REQUIRES ACTION. IRAQ IS CONFIDENT THAT THEY CAN OVERCOME THEIR ECONOMIC DOWNFALL THROUGH REFORMS -- WHOOPOW.
9-23- 2015 Intel Guru Frank26 How about bonds...can those be sold? Yes – it USD’s. A bunch of laws are waiting to be passed when they come back. They need to beat the deadline by October 1st. The IMF wants this DONE! Iraq doesn’t want to be put on a black-list. EID is the18th...but we believe that everything was done before that. They need to get this done this year so that they can ACTIVATE next year. We are on a schedule – (it’s called the Marshall Plan) – which is a 5-year plan. Everything that needs to be done...it’s all here. That is tremendously good news! The IMF needs Iraq to complete the monetary reform – that is their back-wall. SECURITY In the last 2 weeks has been awesome! How do you reinstate a currency? It means give me the laws so that the economics match up with their mathematics. The RI...has nothing to do with the 3 zeros. The RV...is the lifting of the 3 zeros...floating. T-minus 10 seconds and counting. We think December 2015 seems to be a date for the banks. The 1st quarter of 2016 – perhaps the date of the RI in the 1st quarter. In my opinion … in the year 2016...you are done!
9-23-2015 Intel/Newshound Guru Mnt Goat ...Iraq is in fact working hard on trying to reconcile the issues within the National Guard law. I firmly feel they will work out any issues before Eid and we will see the conclusion of this law maybe this week or next. It is looking very good. Remember it can’t go on forever. Their latest target is Oct 1st for National Guard law, Judicial Reforms, Amnesty, and Investment laws. Just Monday 9/21 we heard that Fuad Masum has announced “we finished the National reconciliation project & will present after the feast!”. This means after Eid around October 4th timeframe. Hurray! This confirms the target of very early Oct I have been talking about.
9-23-2015 Newshound Guru Millionday Article quote: "Moody's Investors Service (Moody's) has today assigned a provisional rating of (P)Caa1 to Government of Iraq's planned USD-bond issuance with a stable outlook." THIS IS THE THIRD CREDIT RATING AND LAST AS WE KNOW...THEY RECEIVED A RATING OF (P)Caa1...IT IS FANTASTIC AND GREAT TIMING WISE.
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