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2-5-2016 Intel/Newshound Guru tman23 Sistani came out with a public statement that asked for Iraqi's to UNITE and that he backed Abadi reforms 100% and asked the citizens to cooperate and back the Prime Minister. EVERYBODY kept saying WOW...When Sistani speaks it is huge, he is the man that everyone listens to... WELL Sistani came out and made another announcement a few days ago...He called for the replacement of Abadi...And if the IMF has intentions of raising the IQD it is TICK TOCK on them...because an Abadi take down would leave the whole thing in limbo for a very long time... Time for the closing act...and get a standing ovation...otherwise it is his last performance!
2-5-2016 Intel Guru Frank26 IOO...Conditions are RED at the moment to bring forth a GREEN.
2-5-2016 Newshound Guru Mountainman CURRENCY Swaps will NOW begin between Countries Making TRADE DEALS w/each other...Oh Boy COMPETITION... And REAL ASSET VALUES will FINALLY let emerging Countries ARISE from the US FIAT ALBATROSS...IMO.
2-5-2016 Newshound Guru Backdoc WE HAVE THE BUDGET BEING IMPLEMENTED; RETIREES PAYMENT CARDS ACTIVATING ON THE 7TH AND 8TH; ANNOUNCEMENT OF THE NATIONAL RECONCILIATION LAW ON SUNDAY! AND THE FINAL MILITARY CLEAN UP OF MOSUL AND FALUSHA READY TO ROLL! THIS IS LOOKING MORE LIKE A WELL ORCHESTRATED EVENT! [post 2 of 2]
2-5-2016 Newshound Guru Backdoc THERE IS A LOT TO BE HAPPY, HAPPY, HAPPY, ABOUT! AFTER IRAN TOLD US THEY WOULDN’T ENTER THE WORLD WITHOUT IRAQ, AND LATER ALSO TOLD US THAT THEY WOULD BEGIN TO ENTER THE WORLD AROUND THE 8TH OF FEB., AND THAT IT WOULD TAKE LESS THAN A MONTH TO COMPLETE...OF COURSE THOSE WORDS ARE GREAT IN AND OF THEMSELVES BUT ONCE ADDITIONAL PIECES HAVE STARTED TO FALL IN PLACE I’VE GOTTEN, WELL, OK!, ALMOST EMOTIONAL! [post 1 of 2....stay tuned]
2-5-2016 Newshound Guru rcookie DONT TRY NOT TO BE DATE CENTRIC...THE EVENTS AND INITIATIVES THEY ARE TASKED TO DO ARE UNFOLDING DAILY...BUT THERE WILL NEVER BE A TELEGRAPHING OF THE VALUE CHANGE...
2-5-2016 Newshound Guru Kaperoni Article quote: "The prime minister's office held a workshop, in coordination with the central bank about electronic payment, electronic collection..." The CBI is not playing around...we will see the beginning of edinar start...electronic money...like a debit card...starting next week.
2-5-2016 Intel/Newshound Guru Poppy3 LOTS OF GREAT INFORMATION AND EVERY DAY FOR THE LAST FEW WEEKS [Guru] MILLIONDAY AND OTHERS HAVE CONTINUED TO SHARE STEP BY STEP SHOWING US COMPLETIONS OF SOMETHING INVOLVED WITH FINANCE. I KNOW THIS IS OUR MONTH AND THEY WILL FINISH THIS MONTH AND TOLD THEY WILL ANNOUNCE A NEW DINAR RATE OR THEY HAVE LIED IN INK TO THE FINANCIAL WORLD GUIDES. ...ALL THE NEWS MD [MILLIONDAY] HAS BEEN SHARING HAS LINED UP EXACTLY WITH WHAT HAS BEEN REVEALED.
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2-4-2016 Newshound Guru Kaperoni Even though we see almost daily requests to devalue the dinar, or fears of emptying the reserves, the real pro's are well aware of funds, etc and the plan continues to move forward. I think it is safe to say, that the plan does not include an economic collapse so we just need to watch and let it come to us. Once the key laws pass, I think we should brace for the big bang and launch of the Iraqi market economy.
2-4-2016 Newshound Guru Millionday Article quote: "Department of pension affairs, social workers and security called for creditors of the campaign cards of "Ki-Card" and "manual exchange" to receive pensions for the months of January and February will be held on the seventh and eighth of this February." FEB 7TH AND 8TH THEY ARE SAYING ELECTRONIC BENEFITS WILL BE LOADED.
2-4-2016 Newshound Guru rcookie THIS IS WHY WE HAVE BEEN SO JACKED UP SINCE BEGINNING OF JAN AND ACTUALLY THEIR LAST REVIEW PERIODS...SEPT & DEC 2015...AND LOOKING FORWARD TO FEBRUARY... AND IMF & UN THERE TO MAKE SURE THAT WHEN THE BUDGET DISBURSEMENTS ARE MADE TO PROVINCES...THERE IS A SEAMLESS EXECUTION ALONG WITH TRANSFER OF POWERS FROM THE CENTRAL GOI TO THE INDIVIDUAL PROVINCES...THE UN IS THERE TO ASSIST AND MONITOR...THEY ARE FOLLOWING A CAREFULLY ARRANGED ACTION PLAN...HANG IN THERE EVERYONE...YOU CAN SEE THE TAPE AT THE FINISH LINE... [post 2 of 2]
2-4-2016 Newshound Guru rcookie IRAQ HAS BEEN ON THIS IMF MANDATE AUDIT SINCE 2011...WHICH IS WHY THEY HAVE SO MUCH DONE TOWARD WHAT THEY ARE TASKED FOR IN THIS ONE....IRAQS REPORT CARD FROM IMF TOWARD...INDIVIDUAL MANDATES...AND REVIEW DATES FOR COMPLIANCE...THEY HAVE MET AND EXCEEDED. THE NEXT REVIEW BEING END OF FEBRUARY... THIS IS WHY SO FRUSTRATING WITH ANY NEGATIVITY BECAUSE SO OVERWHELMINGLY POSITIVE WITH WHERE THEY ARE AT... [post 1 of 2....stay tuned]
2-4-2016 Newshound Guru Kaperoni Article quote: "...a lot of proposals submitted and through every means, but the government did not take all the proposals, the most important of which float the currency and raise the value of the Iraqi dinar..." This is starting the heat up if this article is any sign of the process. Tariffs are now in place, I have read about mechanisms for taxes in articles...over the last few weeks, we see the CBI activating edinar/ebanking etc...so we are getting closer to Article VIII and the float (which will delete the zeros). But we must see the laws pass to create the environment. Let it come to us.
2-4-2016 Newshound Guru Millionday Aricle quote: "The Iraqi parliament on Wednesday, with the central bank and managers of banks government plans to overcome the current financial crisis." ...THE MEETING WAS ABOUT THE INTERNATIONAL RATES -- AS WELL AND THE DEVELOPMENT OF BANKING AND THE DINAR EXCHANGE RATE...THIS IS GREAT WHOOOPOW.
2-4-2016 Intel/Newshound Guru Poppy3 MY CONTACT INFORMED YESTERDAY A ABADI STAFF MEMBER SAID THEIR SECURITY ISSUES ARE NOT ISIS OR DAASH BUT INTERNAL CORRUPTION. SAID THEY ARE MAKING HEADWAY BUT SLOWER THAN ABADI WANTS. ...ABADI WAS ADAMANT ABOUT COMPLETING THE REFORM THIS MONTH.
2-4-2016 Newshound Guru rcookie THE TARIFFS...RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO...AS WELL AS ALL LAND...AIR & SEA BORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTOMS TARIFF ACTIVATION...TARIFFS AT THE BORDER ARE PAID BY IMPORTERS BRINGING CONTRACTED GOODS INTO COUNTRY...AND COLLECTED BY CUSTOMS BORDER AGENTS....THOSE GOODS ARE THEN BROUGHT INTO RETAIL MARKET WHERE THE PRICES WILL REFLECT THEIR FAIR MARKET VALUE WITH INT'L EQUATION FACTORED IN...AND THEN REALIZED AT POS (POINT OF SALE) BY END CONSUMER...FINALLY A FAIR PLAYING FIELD FOR THE IRAQI PRODUCES...
2-4-2016 Newshound Guru firefly We are at a point now where agreements are going to be activated, no ifs or buts. Iraq has an obligation to get er done!
2-4-2016 Newshound Guru Millionday Press conference quote: "within the coverage of the budget will be put national bonds at home to be purchased by citizens at an interest rate similar to the interest which are raised for foreign bonds," adding that "these bonds will bring good return to the citizen". THEY HAVE ANNOUNCED TO THE CITIZENS THAT NOT ONLY ARE THEY ABLE TO COVER THE BUDGET AND AGREEMENTS BUT ALSO THEY WILL BE ABLE TO INVEST IN THE BONDS AT A GREAT RETURN --- THIS ANNOUNCEMENT IS A HUGE ONE TO MAKE IN IRAQ RIGHT NOW IN THE ECONOMIC CONDITION THEY ARE IN. THIS REQUIRES THE MOVEMENT OF FUNDS TO EVEN BE POSSIBLE...I KNOW I AM EXCITED.
2-4-2016 Intel/Newshound Guru Mnt Goat Update: Fighting ISIS: It is my opinion that the battle for Mosul will not be long. I base this statement on all the planning I see and my conversations with many of my friends now stationed in the area. I can see they plan to move this along as quickly as possible... I believe they are still planning within the end of Feb timeframe for completion of this campaign.
2-3-2016 Intel Guru Bluwolf we are in a anytime this go situation...Seems that all is well both in Iran and Iraq, ships and airplanes coming in and out, so I guess there RV'S should be in by now...All banks now Gold and Silver standard, personal trained and should be expectedly ready. The rates on the dinar should be as in the original plan, I honestly do not believe it coming in the low 3 like some bank wants you to believe.
2-3-2016 Newshound Guru Millionday I HAVE ONE MORE PART OF THOSE ORDERS: "...by end-February 2016, appoint international auditors to audit the latest financial statements of Rasheed Bank and Rafidain Bank according to international standards..." THIS IS FORMAL IMF DOCUMENT RELEASED BY IMF. NOTE -- AGAIN -- THE END OF FEB. THEY COMPLETED AUDIT SO THIS WILL BE JUST TO OPEN THESE BANKS AND COMPLETE THEIR REFORM ON THESE TWO BANKS.
2-3-2016 Newshound Guru Millionday Report quote: "by end-February 2016, amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF." THIS IS HUGE AND VERY IMPORTANT AS IT WAS THE MEETING ABOUT ARTICLE 8 WITH THE IMF AND THE REQUIREMENTS. THE END OF THIS MONTH...WHOOOPOW. [post 1 of 2....stay tuned]
2-3-2016 Intel/Newshound Guru tman23 The opinion was that Iraq needed a stable government to revalue it's currency... Sistani just called for the replacement of Abadi which only shows that the Supreme Leader has lost confidence in Abadi... A citizen uprise against the government is not favorable... The talk of not being able to meet salaries come April is not favorable... This is not to say that Abadi doesn't have the plan in motion to revaluation...or the IMF for that fact...BUT Sistani has spoken and now they don't have time to play or delay...That goes for both Abadi and the IMF if a revaluation is truely in the plans.
2-3-2016 Newshound Guru Enorrste Therefore, if a local Iraqi has a choice between pulling his dinars out from under the mattress to go to the market or taking his debit card, I would vote for the debit card. In time, and I suspect in a short time, confidence in the banking system will increase and more and more hidden dinars will come to the surface (there is also the lure of buying gold coins). All dinars that are brought to the surface will be destroyed and Iraq will join the world economy, as the IMF has stated. It is an ambitious goal, but with the backing of the world's bank, I am confident that it will succeed The alternative is not acceptable, either to us as investors or to the IMF. [post 2 of 2]
2-3-2016 Newshound Guru Enorrste Article: "The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks" First, it seems apparent to me that this new initiative is being driven by the IMF rather than by the CBI or the GOI. That being said, I foresee things moving at a somewhat faster pace here forward. Second, to the extent that the GOI/CBI/IMF require payrolls to be made electronically it is my opinion that people will fall in line quickly with the simplicity of an electronic system. Think about the US: we all used to use dollars (assuming you are over 60), but now we almost all use a debit card (at least I do). It was not a hard sell. In fact, the transition was painless. [post 1 of 2....stay tuned]
2-3-2016 Intel/Newshound Guru Mnt Goat Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for. But we know last weekend there was a huge meeting to talk about the stalling and to get support from all the regional leaders. So far I have heard the meeting was a success but still we do not see the laws on parliament’s agenda. Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. We are hearing the government wants to go electronic this month for payment of salaries. I can say without a shadow of a doubt that there is absolutely NO CONNECTION between payments of these salaries and the RV. Even though I keep repeating what we should now be looking for I have also been presenting PROGRESS to you slowly but surely. There has been a much needed, more accelerated progress in Economic Reform and Currency Reform as of lately.
2-3-2016 Intel/Newshound Guru Backdoc WE HAVE TO BE ELATED AS WE WATCH A MASSIVE NUMBER OF LAWS FINALLY BEING IMPLEMENTED, TARIFFS READY TO GO, TPP ABOUT TO BE SIGNED ON THE 4TH AND 5TH, SECURITY ABOUT TO BE WRAPPED IN FALLUSHA AND MOSUL! NOW THAT IRAN HAS AN OFFICIAL INTERNATIONAL RATE I SINCERELY DOUBT "THE DEAL", WOULD ALLOW IRAN TO RUN LIKE THE GINGERBREAD MAN TO A NEWLY VALUED CURRENCY WITHOUT IRAQ AND POSSIBLY S.A.!
2-3-2016 Newshound Guru wmawhite ...if you had to start buying and selling outside of the USA using your own money and you had to use $1182.00 each time you purchased one small item that would normally cost $1, wouldn't you start using your money smarter? If you had 91 tons of gold and 100s of years of natural assets...wouldn't you arrange deals with other countries so that you would not have to pay $1182 for that $1 item? Instead, you would explain how you were more valuable and your one dollar was worth much more. This is what will take place when Iraq enters the economy market. [post 2 of 2]
2-3-2016 Newshound Guru wmawhite Many members of parliament do not get the "big picture" when it comes to long term strategy and competing on the world economic stage. Then there are others that get part of the "big picture", while are very small number are actually involved in this actually process. [Isn't burning through the reserves a bad idea?] ...the IMF told you, me and the world what will stop that...what was it? The move away from Multiple Currency Practice (MCPs). ...honestly...you ought to drop the term RV...concentrate on what will bring the change in the value of the IQD...and that was told to you by the IMF. ...the CBI in conjunction with the IMF are preparing to enter the economic markets. [post 1 of 2....stay tuned]
2-3-2016 Newshound Guru OOTW THEY WANT TO PULL IN THE "LOCAL" CURRENCY TO BRIDGE THE DEFICIT IN THE BUDGET. BY BRIDGING THE DEFICIT IN THE BUDGET, (BY PROXY) THEY'RE ATTRACTING IQD AND INVESTORS WHO ARE HOPING TO REAP PROFIT BY PURCHASING THE BONDS AT A (TBD) INTEREST RATE. THIS IMHO, WILL TEST THE CONFIDENCE OF IRAQI'S AND ALSO PULL IN IQD...it appears to me that they do this by buying foreign currency reserves. Once the cbi stops this intervention And people continue to buy dinar This will cause the exchange rate to go up - that is the hope anyway. [post 2 of 2]
2-3-2016 Newshound Guru OOTW Article quote: "Iraq plans to sell local bonds to the public for the first time since 2003, with a 5 trillion dinar ($4.24 billion) issue expected this year, the finance minister said on Thursday, as the country seeks to cover a widening budget deficit." IT APPEARS THAT IRAQ...OFFERING NATIONAL/LOCAL BONDS IS TRYING TO PULL IN IQD. BY IRAQ OFFERING BONDS IN LOCAL CURRENCY, THE ATTEMPT IS TO DRAW IN IQD BY OFFERING THE BONDS FOR SALE IN THE VALUE OF THE LOCAL CURRENCY... THE ARTICLE STATES AT "1180". [post 1 of 2....stay tuned]
2-3-2016 Intel Guru Frank26 The IMF is in contract with the CBI and the GOI together...there is a target date and it is being rumored all over Iraq right now. Iraq is on the verge of something happening to the citizens...to the banks...to the Kurds...to Sistani...to the GOI...and there are more...but all are waiting to see the CBI’s next move...and they said 2-3 days ago they were going to work on that. The Minister of Planning...says to fix their problem they need to raise the rate to 1 to 1, actually he said a rate of about 1.13 to 1.15 for 2-3 years and then he said, maybe after that time period maybe we can see if we can take it up into the $3 range. [post 2 of 2]
2-3-2016 Intel Guru Frank26 [via Aggiedad77] ...the CBI right around Thursday going into Friday...they made some moves and there is a good sound reason for these moves...it was around that time that our TEAMS found out that they were about 2 or 3 days away from taking the recommendations that were given to them from the IMF and many other agencies they are working with right now and move forward with the solution to their liquidity problems in Iraq. [Guru] DELTA and I talked and thought good gracious if they do this there is only one way and that is to lift the value of their currency...these guys are very serious about taking the recommendations of the IMF and fulfill the solutions to many of their problems...paying debts to people...the deficit in their budget...all the bad things that are going on with Iraq right now with their reforms...2-3 days...well that would put us right about now...today. It is of no exaggeration when we say there was a lot of activity and...some very powerful articles that had some equally powerful statements. [post 1 of 2....stay tuned]
2-2-2016 Newshound/Intel Guru Randy Koonce [via clay] [any good news besides ink...hope with this RV is fading.] Why is it fading it is just getting to the end.
2-2-2016 Intel/Newshound Guru tman23 Article quotes: “leave and Finance Minister Hoshyar Zebari for two consecutive months, aiming for surgery in the British capital London.” “there are no confirmed on the replacement or dismissal from office Zebari and information but are waiting for the issuance of an official letter from the Iraqi government for permission in this regard.” KEEP YOUR EYES ON THIS EVENT...IMO, THERE IS MORE TO IT, AND IT IS AN IMPACT SITUATION... GOOD, BAD, INDIFFERENT... IT IS HUGE!
2-2-2016 Intel Guru SteveI Our sources are telling me Iraq is getting safer by the day. It will not take that much longer before ISIS is nothing but memories.
2-2-2016 Newshound Guru Stryker Iraq's transition...into the Global Markets...is being accomplished as we type this very announcement...
2-2-2016 Newshound Guru Backdoc WE KNOW THAT SAUDI ARABIA HAS HALTED THEIR CURRENCY FROM BEING TRADED AS OF ABOUT 3 WEEKS AGO! SAUDI ARABIA HAS BEEN SELLING TREASURY BONDS AND SELLING OFF SOVEREIGN WEALTH FUNDS! THEY HAVE BEEN SLASHING BUDGETS TO THE BONE AND THEY ARE POSSIBLY SELLING OFF A PART OF THE LARGEST OIL COMPANY IN THE WORLD! ARE THEY BUILDING RESERVES OR BUYING GOLD BEHIND THE SCENES IN PREPARATION OF SOMETHING? WHAT ARE THEY WAITING FOR? MMMMM...COULD THEY BE READY TO LAUNCH THEIR CURRENCY AT THE SAME TIME IRAN AND IRAQ LAUNCH AS WELL? ...TODAY IN IRAQ WE HAVE ARTICLES STATING IRAQ IS READY TO SELL THE DOLLAR!!
2-2-2016 Newshound Guru Kaperoni Article: "Call for the adoption of an effective policy for the management of liquidity" Quote: "the size of the Iraqi economy requires all banking regulations, which indicate the movement of funds meticulously, pointing to the existence of sophisticated technology adopted by the international banks prefer to work on the transfer to Iraq in the coming period." I love this article because it says that in order to move to Article VIII, and freedom of movement of capital, the CBI must raise the level of the banking system and operate with "sophisticated technology" as adopted and preferred by international banks. More importantly, it clearly implies that Article VIII (freedom of movement of capital) will occur in the "coming period." We can only hope that is within a few months. BTW it fits with the IMF statement of 1st half of 2016.
2-2-2016 Newshound Guru wmawhite Remember...the IMF and the World Bank has been consulting numerous times throughout the years with Iraq (CBI, GOI, Parliament). They know more about Iraq than the Iraqis do and YET! Let's say that again, YET! the IMF told the entire world that they expect Iraq to enter the economy market during the 1st half of 2016. ...what I just posted is FACT...plain and simple...fact.
2-2-2016 Newshound Guru rcookie QUICK QUESTION..."IRAQ FAR FROM BEING A PARADISE AND A CESSPOOL"....WHY DURING THE GREATEST WAR AND CONFLICT WITH..MOST VIOLENT ABHORENT TERRORISTIC GROUP IN THE HISTORY OF MANKIND...DID THIS CESSPOOL ATTRACT OVER 5.5 MILLION RELIGIOUS VISITORS...AND BREAK EVERY VOLUME RECORD OF AIR TRAVEL IN IRAQS HISTORY...IN THE PROCESS. [reference tman23 post 2-2-2016]
2-2-2016 Intel/Newshound Guru tman23 Much propaganda for "the return of Iraqi's"...See the planes leaving Kurdistan and the boats arriving in Greece... See the citizens selling everything they have to get out of Iraq with their families...See Iraq working with Netherlands to "forceably" deport Iraq citizens back to Iraq... Sure some Iraqi's fled to europe expecting streets paved in gold etc..etc...and where disappointed because they were not greeted with gift cards and gold...But no matter how much we all would like to see a RV...make no mistake...Iraq is far from being paradise... Quite frankly the fact is...it is a cesspool!
2-2-2016 Newshound Guru Kaperoni Article: "The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks " Big move for them technology wise. And surely necessary for the advancement of the banking system on a global scale.
2-2-2016 Intel/Newshound Guru Mnt Goat Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.” WOW! So the average citizen will automatically also get 18% on their money. Incidentally this also meets a goal recommended by the IMF to help them out of the liquidity problem. More money in the banks allows more money for the banks to loan out. With this new diversification effort the banks will need all the money they can get and this will bring billions of dinars into the banks. Do you think this effort might also raise the value of the dinar as it creates an automatic demand for it...this is such HUGE news... Remember I told you something BIG was brewing and now all of today’s news is telling us this BIG news. [post 2 of 2]
2-2-2016 Intel/Newshound Guru Mnt Goat ...the CBI has announced they are ...launching the e-dinar (electronic dinar) payment system. This is planned to be used for the government to deposit the retirees, displaced salaries and salaries of the government employees automatically in their bank accounts. It will also tie into the SMART cards. What does this do for the financial reform? - it forces the citizens to trust in the banks, something some day they too will take for granted. - it cuts down on corruption and bribery - it paves the way to ending the currency auctions. - reduces the problems of handling cash (less of the 3 zero notes in circulation). [post 1 of 2....stay tuned]
2-1-2016 Newshound Guru Kaperoni Article quote: "citizens to the acquisition of national bonds, which will present soon, instead of relying on "hoarding money"..." Well...this is more related to getting the 30 trillion or so out of the mattresses than anything else. They are issuing bonds at a higher interest rate, 50k notes, and selling gold. All are good...but fall short of the real need...deposit insurance. They really need to start reducing the money supply (to strengthen the dinar) which will allow them to control the spread within the 2%. We continue to watch and see.
2-1-2016 Newshound Guru Mnt Goat We have already seen Iraq being set up with the SWIFT code system (Society for Worldwide Interbank Financial Telecommunication code) An internationally-recognized identification code for banks around the globe. Just recently we witnessed news that Iran too was re-hooked back into SWIFT on Jan 31st. Is this coincidental that these articles are so close in proximity to each other? So now we see Iraq working on their domestic systems. But they are not hooking them up instead they are instructing and teaching the banks how to use them. We witnessed the electronic system installations a very long time ago in Iraq. These systems need to coordinate with the SWIFT system and this is what they are now doing. Is this amazing news or what? As [Guru] Millionday would say WOOOPOW! This is how close we are to the RV!
2-1-2016 Newshound Guru Kaperoni Article: "The introduction of tariffs in all border crossing points" Quote: "the border crossings began work applying the tariff system on imported goods in all ports and airports, including the Kurdistan region outlets since the 16th of last month." Let's hope the pressure starts.
2-1-2016 Newshound Guru rcookie [tax and tarriffs but no rate increase?] NOT YET...BUT COMING...IMO.
2-1-2016 Newshound Guru wmawhite [with taxes & tariffs being collected now, how realistic is it that we have to wait until almost the end of the first 6 months? Can Iraq last that long?] I don't know...however, think about it...who would know better about how long this and how long that? The IMF...and the WB. But what is significant about entering the economy/global market? The status of the IQD must change. It must be Iraq primary means of conducting international commerce. When that happens, IMO, Iraq will not be able to do that at its artificial value.
2-1-2016 Newshound Guru Butifldrm [new Guru] In Iraq always the cart before the horse...you would think that giving the citizens more buying power would help offset the tariffs. I'm thinking from the articles that I read, that the government thinks the tariffs/taxes will not affect the average citizen... the majority of people are on ration items and they live a meager existence. What everyone has to understand...there is no going back on the tariffs...they are signed into law and into the Gazette through the budget.
2-1-2016 Newshound Guru rcookie [when do you think these auctions will stop?] WHEN THE CBI & IMF FEEL THEY HAVE THE DIRE LIQUIDITY CRISIS WE READ ABOUT EVERY DAY IN A TENABLE STATE FOR THE NEXT STEP...THEY NEED CURRENCY...THE NEXT STEP WILL BE SOPPING UP THE USD FROM THE MARKET AS THEY TRANSITION FROM MCP...AND RETAILERS USE IQD FOR PURCHASE TRANSACTION PROCESS... [I thought they were trying to dry up the dollar already?] THEY ARE..BUT...LIQUIDITY IS DIRE. [post 2 of 2]
2-1-2016 Newshound Guru rcookie I WAS READING SOME COMMENTS ABOUT THE WARKA BANK ANNOUNCEMENT...SOME THINKING THE INTERNATIONAL CURRENCY MEANT RATES. [well it is an international bank.] IT IS...BUT 1 OF THE LARGEST PRIVATE BANKS IN IRAQ...THAT WAS PUT UNDER "GUARDIANSHIP STATUS" IN 2013 TO SUPERVISE THEIR INSOLVENCY...AFTER REHABILITATION & RESTRUCTURING...THAT GUARDIANSHIP WAS LIFTED THE OTHER DAY..ALLOWING THEM TO RE-ENGAGE IN BANKING ACTIVITIES INCLUDING THE AUCTIONS...AND VERY IMPORTANT IN REGARD TO THE MASSIVE BANKING SECTOR SHAKE UP GOING ON AS WE SPEAK...WITH THE PRIVATIZATION OF THE 2 BIG STATE BANKS. [post 1 of 2....stay tuned]
2-1-2016 Newshound Guru firefly The HCL is NOT a requirement for any currency shift. When the border tariffs are activated I'm pretty darn sure we will see what we have been waiting for!
2-1-2016 Newshound Guru Millionday ...FEW DAYS AGO ABADI WAS GOING TO MEET WITH IMF AND THERE WAS TO BE AN ECONOMIC MEETING IN SWITZ -- THIS IS AN ANNOUNCEMENT FROM ABADI`S OFFICE CONCERNING THE RESULTS: “we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis.” IT APPEARS THAT A PLAN HAS BEEN CREATED TO BRING IRAQ BACK TO A HEALTHY ECONOMY. SO AS WE SEE THEY ARE MOVING FORWARD WITH THE WORLD BANK AND THE IMF IN IRAQ TO OVERCOME THE FINANCIAL CRISIS IN IRAQ.
2-1-2016 Newshound Guru tlm724 Article quotes: "Oil Minister Adel Abdul Mahdi, in his speech at the forum that there is a national agreement on the importance of re-establishing national oil company, according to a deliberate steps legally and economically to return to the normal situation for the oil sector...and that is every citizen shares in this company...and the law of oil and gas that will be passed" thats very encouraging...in line with what came in the Iraqi constitution, the people are going to get their share of the oil profits finally! *hallelujah* awesome to see them move forward!!
1-31-2016 Newshound Guru Millionday Article quote: "The spokesman for Prime Minister Saad al-Hadithi, Saturday, that the Iraqi government has informed on the Kurdish delegation to visit Baghdad on Sunday and will discuss the distribution of wealth..." WE LOOKED AT ALL OF THE ECONOMIC PORTIONS OF THAT MEETING AND IT WAS IMO VERY OBVIOUS THAT WITH THE SIGNING OF THE AGREEMENT AND THE RESULTS TO BE MOVING FORWARD WITH REFORMS -- THE KURDS COMING TOMORROW TO DISCUSS THE WIRING OF FUNDS IS QUICK AND ONCE AGAIN SHOWS URGENCY...IT IS EXCITING IMO.
1-31-2015 Newshound Guru wmawhite Remember, the biggest impact of the Investment Laws is the removal of the exchange restrictions, i.e. money entering Iraq and leaving Iraq...this issue, IMO is that the ISX is on the verge of tying into the other 23 country trading platforms..."entering the markets". IMO, the HCL is a budget issue and has zero to do with Iraq entering the markets with an international recognized currency. Remember, did the IMF MoU say anything about the HCL? Answer: no.
1-31-2016 Newshound Guru tlm724 Article quote: "Called on the Parliamentary Finance Committee member Masood Haider, on Friday, the government sale of property to the state "luxury", including the palaces of former President Saddam Hussein's regime to supplement the general budget, noting that the sale of these properties Sarphi budget by 100 - $ 150 billion." anyone who says this is irrelevant is a fool! this is big stuff...it really could make a huge difference going forward!
1-31-2016 Intel/Newshound Guru Poppy3 AGAIN I REMIND ALL OF YOU THE RV IS A FOREGONE CONCLUSION...NEWS WILL CHANGE BUT THE RESULTS WILL BE A NEW RATE ON THE DINAR. WE ARE WINNERS.
1-31-2016 Newshound Guru wmawhite Again...I see information that supports my belief that this investment is coming to a close this year...and sooner than many think.
1-31-2016 Newshound/Intel Guru BGG This 50k being used meaning something bad for us as investors is "not a real issue" that needs talked about... for them to take their currency that direction would spell DEATH FOR IRAQ...it is MHO the IMF is in charge and won't let that happen.
1-31-2016 Intel/Newshound Guru tman23 Certainly the news provides evidence that Iraq is moving forward in a positive way for change. That being said...the rate change that leads to 3 zero IQD notes being worth tens of thousands in foreign exchange is still only speculation ...AND we have no MORE PROOF TODAY then we had 5 years ago that the 3 zero notes will be worth tens of thousands of dollars in exchange... What we have is speculator opinion and hope... And the only change we see so far regarding IQD is the rate going from 1166 to 1180 (devaluing) and the introduction of a 50,000 note into circulation.
1-31-2016 Newshound Guru Millionday THE LARGEST NEWS OF THE DAY OF COURSE IS THE CHANGE WE HAVE SEEN ON CBI. IF YOU HAVE NOT SEEN THE CHANGE ON CBI.IQ -- YOU HAVE MISSED OUT. WHOOOPOW... IT IS OBVIOUSLY SET UP FOR ALL OF THE INFORMATION NEEDED TO GO TO THE GLOBAL MARKET. http://cbiraq.org/
1-30-2016 Newshound Guru firefly Remember, The IMF cannot physically revalue a country. Their job is to monitor, assist and approve a currency shift or deny one. If they approve it, it is sent to the BIS...Bank of International Settlements. Once the BIS puts their stamp on it it is returned to the IMF who then informs the country. That is the process. [Are they about done with this process?] Certainly appears that way.
1-30-2016 Newshound Guru OOTW THINK ABOUT IT, IS THERE ANY REASON IN THE WORLD, A BUSINESS WOULD SLOW DOWN A PROCESS FOR GROWTH, DEVELOPMENT, AND ITS ABILITIES TO MAKE MONEY, IF THERE WERE NO CONSEQUENCES TO RAPID CHANGE? THE PEOPLE OF IRAQ, THOSE POVERTY STRICKEN CITIZENS, WHO HAVE BEEN HANGING ON TO LIFE BY THREADS, WILL ONE DAY GET RELIEF FROM THE DUES THEY HAVE PAID...THEY WILL THRIVE, AND SO WILL WE! [post 2 of 2]
1-30-2016 Newshound Guru OOTW WE KNOW WAY TOO MANY FACTS, THAT HAVE BEEN CONFIRMED BY WAY TOO MANY USA MAINSTREAM MEDIA OUTLETS AND GOVERNMENT OFFICIALS, TO QUESTION THE NEEDS, THE WANTS, THE DESIRES OF IRAQ AS A SOVEREIGN NATION, AND THE NEEDS, THE WANTS, AND THE DESIRES OF MOST OF THE REST OF THE WORLD FOR AND FROM IRAQ...AS ONE OF THE MOST POWERFUL, WEALTHY COUNTRIES ON THE GLOBE! WE SEE THE TREMENDOUS MOVEMENT WITH REGARDS TO THEIR LAWS, AND BRINGING THEM TOWARDS INTERNATIONAL COMPLIANCE AND STANDARDS...WHILE IT MAY NOT BE ON OUR TIMETABLE, IT OBVIOUSLY IS ON SOMEONES... [post 1of 2....stay tuned]
1-30-2016 Newshound Guru mike Article quote: "...January 30: Under the slogan of "decentralized service...stability...development toward a united Iraq," was launched on Saturday" This is a great article, it's one of the things I've been waiting for. De-centralization is the key to Iraq's future success, the old, centralized socialist economic model will not work anymore with the oil at $30 a barrel. Hopefully, the plan is to rapidly move to an open market economy where capitalism moves this country forward and away from the control of the central government
1-30-2016 Newshound Guru Breitling article [Iraq sells bonds to local citizens for the first time since 2003 ] Were they already selling bonds? What they were doing was selling bonds to anyone who had US dollars, it was meant to raise money internationally to get more US dollars into Iraq as they can and now this last campaign Iraq is selling bonds specifically to Iraqi citizens for the US dollar and they’re concentrating on it. So they tried to sweep in a lot of US dollars from outside of the country and now they are trying to sweep up the US dollar even more inside of Iraq. So that’s HUGE news for us. It means everything…here we are, you’re watching the note count being reduced. You’re watching the US dollar being pulled out of the market. You’re watching the build up of the reserve with the US dollar from bonds. You’re watching them build up their gold reserve.
1-30-2016 Newshound Guru firefly "(Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment & Finance and allow him to exercise all banking activities 01/28/2016" This announcement is pretty darn BIG. [what does this announcement mean?] Warka is international. Appears guidelines were met. I don't have a date but I advise you folks to be READY! IMO we are overdue! I am more excited than I have ever been.
1-30-2016 Newshound Guru wmawhite [Do you think it will go alongside Iran?] No...and what Iran does or doesn't do, IMO, is like the drunk in the stands at a ball game...keep your eye on the ball. I am putting my money with what the IMF has told the world...Iraq will enter the markets during the 1st half of 2016. I am sure that when the IMF put together this MoU with the MoF and the CBI that they were well aware of everything going on throughout Iraq, Iran and the ME.
1-30-2016 Newshound Guru Millionday [Do you think they have been waiting for Iran all this time as part of the plan?] I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL. [Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar?] THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM. I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE. [post 2 of 2]
1-30-2016 Newshound Guru Millionday Article quote: "The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31..." IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS... THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST... SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS. THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND. [post 1 of 2....stay tuned]
1-29-2016 Newshound Guru Mnt Goat Parliament is now in session way over a week already and we have not yet seen much on the needed laws we have been waiting for. Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. The 2016 budget has also been passed, ratified and in the gazette. It is now open for spending allocations, but no RV (...it is NOT any indicator of the RV anyhow, it was not in 2012, 2013, 2014, 2015 and it is not in 2016). The problem of a huge deficit for 2016 still lingers as Abadi and parliament try to find ways to fill the gap. Now recent news that they are at least considering under study of increasing the value of the currency as an alternative solution.
1-29-2016 Newshound Guru Breitling […noticed the 10K notes are now limited…this is a good sign.] Damn right it’s a good sign! It’s a beautiful sign! It’s because they’ve reduced the note count…where everybody is feeling it. Inside the U.S. where we have that liquid market that we have for the dinar, about half the people that own dinar actually got out… but the other half is unwilling to sell so that creates a shortage on both ends from the brokerage firms. There’s not all this dinar coming out of the middle east like it used to and then on our end it’s not circulating back and forth, the velocity of the currency is not what it used to be. This means something very very big for us and it’s a beautiful thing.
1-29-2016 Newshound Guru OOTW Article quote: "Iraq observers now in the WTO and is working hard to enter as a member of this organization does not allow the boycott of goods for political reasons." MANY SEEMINGLY INSIGNIFICANT LAWS HAVE BEEN PASSED SINCE ABADI CAME INTO OFFICE, MANY OF THESE LAWS WERE LAWS REQUIRED BY THE WTO FOR IRAQ TO PUT HEALTH AND SAFETY REGULATIONS, GOODS CONTROLS, TRANSPORTATION QUALITY CONTROL REGULATIONS, AND MORE IN PLACE...FOR ACCESSION TOWARDS FULL MEMBERS STATUS TO THE WTO.
1-29-2016 Newshound Guru Kaperoni the depletion of reserves (I don't believe they are below 50 billion yet.) only puts more pressure on Iraq to get the market economy started and close down the auctions. I think we are still on track.
1-29-2016 Intel Guru SteveI [The new CBI bank site has been up for a while...This is the first time however they have linked the Old CBI site to the new CBI site.] Yes we are all aware of that site being around for some time now, but the linking between the two is new and now with new data. [Wasn't it assumed a while back that when we saw the new website getting activated that we were about to see everything unfold with the dinar.] That is a pretty good assumption. We are getting very close.
1-29-2016 Newshound Guru Adam Montana [I've always been of the belief that Iraq must enter into Article 8 (IMF) in order to go "international" Any opinion on this?] They "must" enter Article 8 with the IMF? No, absolutely not. Would it be "helpful"? Possibly. But they don't "need" to do that at all.
1-29-2016 Newshound Guru tlm724 Article quote: "Finance Committee and talked about the possibility for the government amounted to $ 150 billion from the sale of real estate State." That is saying it could possibly be up to $150 Billion dollars! ...it is awesome to see some news to get excited about. It is also great to see Iraq think outside the box about selling off this real estate instead of beggin with their dirty hands out lol. ...I am sure it came at the urging of the IMF! I am not ashamed to admit that I was shocked at these numbers, that is a boat load of dough and could very well have a huge impact on our investment.
1-29-2016 Newshound Guru Bondlady I did see something today that could be a game changer for us all...you see the IMF keep saying...that they are not negotiating with Iraq per loans at this time right? Article: "Officials expect revenues exceeding $100 billion from the sale of 600 thousand state-owned property" its been in the news...Iraq gov gonna sell off some properties and land to fill the deficit. whats the deficit like $ 20 billion? if they do this sale they will receive in excess of 100 billion dollars USD approximately according to their news... the CBI reserves are like 58 billion or so right as of now? add a 100 billion USD to that after this sale... what if the sale of this real estate was so big a 100 BILLION big...that it made their reserves almost 160 billion hmmmm USD riddle me that batman lol. think of the repercussions of that huge reserve amounts and to their exchange rates as well as economy and businesses to jump start all the factories and industries...I could see they could set a nice rate or possibly reinstate it but as usual you have to wait it out.
1-29-2016 Newshound Guru wmawhite As told to us by the IMF...Iraq will/expected to join the economy market during the 1st half of 2016...at that time the IQD will be international...everything we are seeing is in response to those expectations. Otherwise, why do them...they could just do nothing and stay with the USD and stay poor for ever. Every detail that is in the works for this to happen was outlined in the Technical Letter of Agreement/MoU...IMO there are no other required laws for Iraq to join the markets...we can only believe that the value will change because as it enters the market it will have a "rate". And they will never survive at 1182. [Not even at 1:1.] I can agree with...that.
1-29-2016 Newshound Guru firefly Items that needed to be completed ...were... Not all...most. There is one more timeline I'm looking at...Not necessarily for the currency shift but an obligation...though nobody knows the date it can now literally happen at any time.
1-29-2016 Newshound Guru Kaperoni I have talked to several experts in the field of security in Iraq, and discussed the conditions and whether or not it plays a part. First off, the answer at this point was no. That 75% of Iraq is stable and secure and waiting on investors including the Kurdistan region. And second, was that the banks and money in the terrorist areas (mainly Nineveh Province) have been written off as a loss. That is probably one of the reasons they simply decided to bomb the banks in that area. So the point I am making...is that it may have some part in the delay, it does not seem to be a concern to those who understand what it takes to get this plan rolling forward. [post 2 of 2]
1-29-2016 Newshound Guru Kaperoni We all have our opinions on when the process can begin. I tend to believe the ones in the trough working on the plan. And that is the IMF and CBI. They have made it very clear that Iraq will open to the market first half of 2016. To me, that means Article VIII and freedom of movement of capital will begin within the next 4-5 months. It is do-able IMO, but Iraq needs to continue to make progress each week, getting the banking system up to date, signing agreements, passing laws, etc. We must be reminded that oil revenues are not sufficient to meet the budget (and most importantly the salaries of government employees). This is the motivation to push forward the market economy as soon as possible. [post 1 of 2....stay tuned]
1-29-2016 Newshound Guru Adam Montana [What else is needed for Iraq to RV other than HCL being passed/approved and in the Gazette? In your opinion (any news from your contacts) do you think Iraq will RV their currency in 2016?] When it comes to the DATE, such as a 2016 chance... I'm currently watching the OIL, which should give us a nice starting gun to begin the HCL race, and the finish line is RV!
1-28-2016 Intel Guru Frank26 [via Aggiedad77] Iraq and Iran are following the same mirror image of their monetary reforms...the only difference is one is on a conveyor belt and one is just walking. World currencies contributed to Iraq, not to Iran...and only the CBI...said we will increase the value of our currency soon...well now Iran is saying it...sure because their sanctions are finally being lifted...but that is exactly what happened with Iraq...their sanctions were lifted...we are going to lift the value of our currency...well do it... ...on the 31st of January Iran is going to restart the SWIFT system... You do know that Iraq is already in the SWIFT system right...it’s like every little step that Iraq takes Iran is taking it also. Iran is showing you everything, but Iraq refuses to...yet they walk together towards a simultaneous goal.
1-28-2016 Newshound Guru Aggiedad77 Article quote: "...in the annual Transparency International report applies 100% on the ground, as charged former Prime Minister Nuri al-Maliki responsible for the theft of money of the Iraqi people. " What a shame, Maliki has been out of office...that of PM for a year and a half now, and yet the wounds that he inflicted upon the Iraqi people continue to bleed almost unchecked it would seem...his corruption and graft were so rampant...so obvious....and such a detriment to the very lifeblood of his country...the citizens...clear evidence of how no shame can be so evil and turn a blind eye on humanitarian needs...May his days of freedom be numbered... may the Iraqi citizens recoup what he stole from them....may Iraq rise in strength once again as a crossroads of the world.
1-28-2016 Newshound Guru Enorrste "CBI adds Economic & Statistic Data CBIESD" I went to this new site and looked through it. In the Financial Sector under currency I found that 90% of the currency issued by the CBI is located outside of banks. The banks only have 4 trillion dinar out of a total money supply of 40 trillion dinars. No wonder there is a liquidity crisis within the country. Hopefully the issuance of larger notes and gold coins will flush out most of this money and get the ball rolling toward a free floating currency.
1-28-2016 Newshound Guru Kaperoni "CBI adds Economic & Statistic Data CBIESD" It is very clear, the CBI had created the website...to document the statistics needed for international banking and guidelines. Once it was done, tested, it was integrated into the main CBI site as of today. There is some real significance to this site. First the site was sorta (underground) for a period of time as they prepared and published the information. To connect it with the main site (cbi.iq) today, tells the world about this site. Second, this kinda reporting is a requirement for international commence. The IMF has talked in the past about reporting systems, etc in Iraq and the need to improve. I think we can safely say that this new information is a real step forward towards compliance with the global banking system. It seems like another piece of the puzzle and a clear step towards the end goal.
1-28-2016 Newshound Guru Administrator Bob "CBI adds Economic & Statistic Data CBIESD" Today, the CBI integrated a statistical website that was under development into the main website. This appears to be a very significant and important step towards international compliance.
1-28-2016 Newshound Gurus rcookie & firefly IMF PUBLISHES LIST OF 10 WORST ECONOMIES IN THE WORLD: 1. YEMEN...2.SIERRA LEONNE...3. VENEZUELA...4. GUINNEA...5, UKRAINE...6. BURUNDI...7. LIBYA...8. SOUTH SUDAN...9. BRAZIL...10...RUSSIA. Every one of those countries has a higher value than Iraq! Imagine that. How can Libya of all places have a higher currency value!
1-28-2016 Newshound Guru Millionday AFTER COUNTRIES GO THROUGH WAR -- THE REBUILD BRINGS FUNDS AND INVESTORS ACCORDING TO HISTORY AND LOGIC. SO AS WE HAVE BEEN SAYING FOR YEARS -- THE OPPORTUNITY IN IRAQ IS HUGE FOR INVESTORS AND ALSO EMPLOYMENT ETC.
1-28-2016 Newshound Guru Adam Montana I mentioned 2 major things last week: Parliament and Price of Oil. Parliament is stalled... no news out of them this week. But it won't stay that way for long - things will pick up speed again, just as sure as the sun will go down and come up again. So forget about Parliament for a minute, and let's talk about Oil. Crude has crashed over the past couple months, and I'm not going to bore you with a long analysis...I'm just going to give you my opinion - as of this morning, I'm finally starting to feel like we may have reached the bottom. Once we've reached the bottom, prices should stabilize and that's when I believe the CBI will loosen it's grip on Parliament (yes, I believe that the CBI has MAJOR strings to pull in the GOI), and once we're looking at a consistent uptick in oil... THAT is what we are looking for. It could trigger the HCL out of sheer necessity, and then we're in business. Of course, I could be wrong on this "bottom". [post 2 of 2]
1-28-2016 Newshound Guru Adam Montana To be completely frank on the situation, the IQD isn't nearly as complicated as a lot of people make it out to be... but in some ways, it's much MORE complicated. Here's how it is simple: The CBI has the final say in the exchange rate of the Dinar. PERIOD! The IMF doesn't control the rate, Maliki has no control over it... When the CBI says "The new rate is X", that's it. No approvals from Obama, no vetoes from Putin, nothing will change it. When the CBI pushes the button, it's DONE. Now here's how it's complicated: The IQD isn't currently traded on FOREX. It's not a currency you can go to Wells Fargo or Chase and exchange at the counter. It's not at the Currency Exchange booths in airports, and you can't currently use it to buy bread at your local store. But the IQD does have an impact on the bigger global picture. The world, at least the intelligent and aware portion, is well aware that the IQD is in existence and has the potential to create BIG waves in the global economy! [post 1 of 2....stay tuned]
1-28-2016 Newshound Guru OOTW "...al-Abadi said during a meeting on the sidelines of the Davos economic conference in Switzerland, which was held last week," There are a lot of corrupt who are trying to disrupt our efforts reforms, but they have not succeeded so far..." HERE ABADI IS STATING THAT THE GOI IS TRYING TO ADDRESS CORRUPTION, THEY'VE ENACTED NEW MEASURES TO DO THIS... I'M GLAD TO SEE THIS AND THIS TIES MUCH OF WHAT WE'VE BEEN SEEING IN THE PRESS...CO-RELATED STATEMENTS THAT THE CORRUPTION IN THE AUCTIONS IS NOT BEING ADDRESSED BY THE CBI, REFORMS CANNOT BE ENACTED DUE TO THE LEVEL OF CORRUPTION, WE'RE FORMING COMMITTEES TO EXPEDITE THIS WORK, IT WILL TAKE TIME DUE TO YEARS OF ENTRENCHED CORRUPTION...MANY CONNECTIONS BETWEEN THE MONEY LAUNDERING AND LACK OF REFORMS BEING IMPLEMENTED.
1-28-2016 Newshound Guru Millionday THEY HAVE BEEN GIVEN THE REIGNS -- THIS IS HANDS OFF AND JUST MONITORING -- NOT DOING ANYTHING BUT MONITORING -- THE HELP TO GET TO THIS POINT HAS BEEN GOING ON FOR YEARS AND NOW THEY HAVE FORMALLY ANNOUNCED THAT IRAQ IS READY TO IMPLEMENT AND THE IMF WILL MONITOR...THIS IS HUGE. IRAQ IS THEIR OWN COUNTRY AND CBI IS INDEPENDENT. [post 2 of 2]
1-28-2016 Newshound Guru Millionday Article quote: "IMF staff will work closely with the authorities to monitor progress in the implementation of their economic program." THE IMF STAFF WILL WORK CLOSELY WITH THE AUTHORITIES TO MONITOR PROGRESS IN IRAQ`S IMPLEMENTATION OF THE ECONOMIC PROGRAM -- THEY ARE READY TO IMPLEMENT ACCORDING TO THE IMF LAST WEEK. THE ECONOMIC REFORM INCLUDES ALL ECONOMICS -- BANKS -- MONETARY -- FUNDING -- MARKET -- ETC. [post 1 of 2....stay tuned]
1-28-2016 Newshound Guru Kaperoni There is no revalue or overnight event...but a gradual appreciation based on the economic growth, GDP of Iraq. The process to raise the value is based on economic principals, not some arbitrary number. Most importantly, the dinar is directly related to the creation of a market economy. So as the world comes to Iraq to invest (once the laws are in place), it will create an economic boom of sorts, and as a result of billions of dollars will begin flowing through the CBI's capital account to participate in investment projects, the result will create inflationary pressure in the country. When the CBI moves to Article VIII (which we expect this year to happen at or about the same time as the passing of the laws), and begins to float the dinar, the dinar will rise in value gradually to counter that inflationary pressure created from the influx of investors...it is absolutely necessary that the dinar appreciate in value as part of the process.
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